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|||Pages|
|---|---|---|
|Report ofthe PCC||I —12|
|Independent
Examiner 's Report||13|
|Statement ofFinancial Activities||14|
|Balance Sheet||15|
|Cash Flow Statement||16|
|Principal Accounting|Policies|17—19|
|Notes to the Financial|Statements|20 —30|
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||||Unrestricted|Restricted|Endo&vment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|fund|2022|2021|
|||Note||||||
|Income from||||||||
|Donations
and legacies|||235,715|39,040||274,755|200,444|
|Charitable
activities|||3,252|||3,252|6,789|
|Trading activities|||113,651|||113,651|92,498|
|Investments
&bank deposits|||10,825|||10,825|14,901|
|Total Income|||363,443|39,040||402,483|314,632|
|Expenditure
on||||||||
|Raising funds||5|30,160|||30,160|3,988|
|Charitable
activities||6|637,715|10,864||648,579|503,872|
|Total Expenditure|||667,875|10,864||678,739|507,860|
|Net expenditure
before
gains on investments|||(304,432)|28,176||(276,256)|(193,228)|
|Gain/(loss)
on investment|assets|11|(53,678)|67||(53,611)|15,408|
|Net Movement
in Funds|||(358,110)|28,243||(329,867)|(177,820)|
|Transfer||||||||
|Funds at
1 January|||1,212,830|96,583|475,000|1,784,413|1,962,233|
|Funds at 31 December|||f854,720|XI24,826|f475,000|X1,454,546|11,784,413|
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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||Note|funds|funds|fund|2022|2021|
|Tangible fixed assets
Investments|10
11|501,379
323,599|6,421|475,000|976,379
330,020|976,839
691,832|
|||824,978|6,421|475,000|1,306,399|1,668,671|
|Current
Assets
Debtors
Cash at bank and in hand|12|14,957
30,852|1,974
116,431||16,931
147,283|11,495
114,318|
|||45,809|118,405||164,214|125,813|
|Creditors - Amounts
falling due within
one year|13|(16,067)|||(16,067)|(10,071)|
|Net Current Assets||29,742|118,405||148,147|115,742|
|NET ASSETS||%854,720|f124,826|K475,000|X1,454,546|K1,784,413|
|FUNDS|||||||
|General Funds
Unrestricted
Funds
Designated
Funds|14
15|(17,590)
872,310|||(17,590)
872,310|9,839
1,202,991|
|Restricted Funds|16||124,826||124,826|96,583|
|Endowment|17|||475,000|475,000|475,000|
|||K854,720|f124,826|f475,000|K1,454,546|K1,784,413|
##
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|CASH FLOW STATEMENT|CASH FLOW STATEMENT|CASH FLOW STATEMENT||||
|---|---|---|---|---|---|
|FOR THE YEAR ENDED 31DECEMBER 2022||||||
|||||2022|2021|
|Cash flows from Operating
Activities||||||
|Net cash (outflow)/inflow
from/(used|in) operating|activities||(286,061)|(127,677)|
|Cash flows from investing
activities||||||
|Dividends
and interest
Payments
to acquire fixed assets
Proceeds from sales ofinvestments
Payments
to acquire investments||||10,825
357,821
(49,620)|14,901
(180)
360,824
(270,289)|
|Net cash provided
by investing
activities||||319,026|105,256|
|Change
in cash and cash equivalents|in year|||32,965|(22,421)|
|Cash and cash equivalents
at I January|2022|||114,318|136,739|
|Cash and cash equivalents
at 31 December 2022||||K147,283|f114,318|
|Notes to the Cash Flow Statement||||||
|A. Reconciliation
ofnet movement|in funds to net cash flow from operating|||activities||
|||||2022|2021|
|Net movement
in funds (as per the Statement ofFinancial Activities)||||(329,868)|(177,820)|
|Adjustments
for||||||
|(Gains) / losses on investments
Dividends
and interest
from investments
Depreciation
Non-cash
assets received by way oflegacy||||53,611
(10,825)
460|(15,408)
(14,901)
(415)|
|Decrease
/ (Increase) in debtors
(Decrease) / Increase in creditors||||(5,435)
5,996|78,293
2,574|
|Net cash from
/ (used in) operating
activities||||(286,061)|(127,677)|
|B.Analysis ofcash and cash equivalents||||||
|Cash at bank and in hand||||147,283|114,318|
|Total cash and cash equivalents||||XI47,283|f114,318|
|C.Reconciliation
ofNet Cash||||||
|||At 1|||At 31|
|||January|Cash flows|Other non-|December|
|||2022||cash changes|2022|
|Cash and cash equivalents||||||
|Cash at bank||114,318|32,965||147,283|
|Total||KI14,318|f32,965||KI47,283|
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|DONATIONS
AND LEGA|CIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|Stewardship||||||
|Planned
giving - stewardship
Other gifts and donations|scheme|28,080
27,306|25,180|28,080
52,486|19,095
18,791|
|Gift Aid tax recovered||15,388||15,388|14,052|
|Total Christian
stewardship||70,774|25,180|95,954|51,938|
|Friends ofStGabriel' s||||||
|Subscriptions
Donations|||1,128
10,000|1,128
10,000|1,485|
|GiA Aid recovered|||2,732|2,732||
|Total Friends ofStGabriel' s|||13,860|13,860|1,485|
|Grants and Legacies||||||
|Mission Fund - LDF Grant||||||
|Mission Fund
—Grants from|Parish House|||||
|Archbishop's
Council grant
All Churches
Trust
DCMS Grant towards
works||164,941||164,941|9,232
90,000
47,789|
|Total Grants and Legacies||164,941||164,941|147,021|
|||Z235,715|139,040|f274,755|6200,444|
##
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|DONATIONS
AND LEGACIES (continued)|DONATIONS
AND LEGACIES (continued)|DONATIONS
AND LEGACIES (continued)||||
|---|---|---|---|---|---|
|Year ended 31 December 2021||||||
||||Unrestricted|Restricted|Total|
||||Funds|Funds|2021|
|Stewardship
Planned
giving - stewardship
Other gifts and donations
Gift Aid tax recovered||scheme|19,095
18,791
14,052||19,095
18,791
14,052|
|Total Christian|stewardship||51,938||51,938|
|Friends ofSt|Gabriel' s|||||
|Subscriptions||||1,485|1,485|
|Donations||||||
|Gift Aid recovered||||||
|Total Friends|ofSt Gabriel' s|||1,485|1,485|
|Grants and Legacies||||||
|Mission Fund|—LDF Grant|||||
|Mission Fund|- Grants from|Parish House||9,232|9,232|
|Archbishop's
All Churches|Council grant
Trust||90,000||90,000|
|DCMS Grant|towards works||47,789||47,789|
|Total Grants and Legacies|||137,789|9,232|147,021|
||||6189,727|f.10,717|6200,444|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|Income from weddings,
funerals &baptisms
Income from other services||3,072
180||3,072
]80|4,966
1,823|
|||K3,252||f3,252|K6,789|
|Year ended 31 December 2021||||||
|||Unrestricted|Restricted|Total||
|||Funds|Funds|2021||
|Income from weddings,
Income from other sen|funerals &baptisms
ices|4,966
1,823||4,966
1,823||
|||K6,789||K6,789||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|Rental income
Rental income fiom 37 Sheraton
Hire ofchurch &vestry hall
Fundraising
events|House|59,197
11,900
42,554||59,197
11,900
42,554|50,586
7,200
34,712|
|||f113,651||6113,651|f92,498|
|Year ended 31December 2021||||||
|||Unrestricted|Restricted|Total||
|||Funds|Funds|2021||
|Rental income
Rental income fiom 37 Sheraton
Hire ofchurch &vestry hall
Fundraising
events|House|50,586
7,200
34,712||50,586
7,200
34,712||
|||f92,498||Z92,498||
##
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|.|INCOME F||ROM INVESTMENTS AND B|ANK DEPOSITS||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|2021|
||Bank interest
Income from||quoted investments|1,522
9,303||1,522
9,303|1,142
13,759|
|||||f10,825||610,825|f.14,901|
||Year ended||31December 2021|||||
|||||Unrestricted|Restricted|Total||
|||||Funds|Funds|2021||
||Bank interest|||1,142||1,142||
||Income from||quoted investments|13,759||13,759||
|||||f.14,901||614,901||
|5.|EXPENDITURE ON RAISING FUNDS|||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|2021|
||Investment
Maintenance|Management
fees
and upkeep oflet property||348
29,812||348
29,812|847
3,141|
||Costs ofproviding
lets and other services|||||||
|||||630,160||f.30,160|f.3,988|
||Year ended||31 December 2021|||||
|||||Unrestricted|Restricted|Total||
|||||Funds|Funds|2021||
|||||K||||
||Investment
Maintenance||Management
fees
and upkeep of let property|847
3,141||847
3,141||
||Costs ofproviding
lets and other services|||||||
|||||K3,988||f.3,988||
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|EXPENDITURE ON CHARITA|BLE|ACTIVITIES|||||
|---|---|---|---|---|---|---|
|||Grants &|Other|Support|Total|Total|
|||Donations|Costs|Costs|2022|2021|
|Diocese and wider church
Church
running
costs||55,000|434|1,625|57,059|58,747|
|(includes
Restricted
funds)
Parish costs
Costs ofproviding
church services
Webcam expenditure
-Restricted
fund
Costs ofcharitable
activities
Major church repairs -Designated
fund
Mission Fund -Restricted
fund
Church
statue -Restricted
fund
Depreciation|||79,545
1,566
30,423
4,320
708
437,086
179
6,365
460|9,748
12,997
4,874
3,249|89,293
14,563
35,297
4,320
3,957
437,086
179
6,365
460|56,286
13,447
32,859
6,011
4,579
326,190
6,168
(415)|
|||f55,000|f561,086|f32,493|X,648,579|f503,872|
|Year ended 31 December 2021|||||||
|||Grants &|Other|Support|Total||
|||Donations|Costs|Costs|2021||
|Diocese and wider church
Church
mnning
costs (includes||55,000|2,252|1,495|58,747||
|Restricted
funds)
Parish costs
Cost ofproviding
church sen ices
Webcam expenditure
—Restricted
fund|||47,316
1,487
28,374
6,011|8,970
11,960
4,485|56,286
13,447
32,859
6,011||
|Costs ofcharitable
activities
Major church repairs-Designated
Mission Fund-Restricted
fund
Depreciation|fund||1,590
326,190
6,168
(415)|2,989|4,579
326, 190
6, 168
(415)||
|||f55,000|6418,973|629,899|6503,872||
||||||Total|Total|
||||||2022|2021|
|Support Costs|||||||
|ITcosts
Parish Administrator
Parish office costs
Independent
examination
fees
Accounting
and bookkeeping
fees
CES and professional
charges
Bank and other charges|||||1,213
13,522
2,020
2,280
5,131
7,841
486|479
13,363
633
2,560
12,864|
||||||f32,493|f29,899|
##
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##
|upport costs are ap|portioned
on the basis ofe|stimated
usage as fol|lows:|||
|---|---|---|---|---|---|
|Diocese and wider|church|5%|(2021:5%)|1,625|1,495|
|Church
running
costs
Parish costs||30%
40%|(2021:30%)
(2021:40%)|9,748
12,997|8,970
11,960|
|Costs ofproviding
Costs ofcharitable|church sen ices
activities|15%
10%|(2021:15%)
(2021: 10%)|4,874
3,249|4,485
2,989|
|||||f32,493|f.29,899|
##
|STAF|F COST|S AND REMUNERATION
OF KE|Y MANAGEMENT
PERSONNEL||
|---|---|---|---|---|
||||2022|2021|
|Wages|and salaries||13,079|12,910|
|Social
Other|security
pension|costs|443|455|
||||613,522|f.13,365|
##
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|10.|TANGIBLE FIXED|ASSETS|Unrestricted|||||
|---|---|---|---|---|---|---|---|
||||Funds||Endowment|Unrestricted||
||||Long Leasehold|Long Leasehold||Equipment|Total|
||COST OR VALUATION|||||||
||At
1 January 2022
Additions||500,000||475,000|10,156|985,156|
||At 31 December 2022||500,000||475,000|10,156|985,156|
||DEPRECIATION|||||||
||At
1 January 2022
Charge for the year|||||8,317
460|8,317
460|
||At 31 December 2022|||||8,777|8,777|
||NET BOOK VALUE|||||||
||At 31 December 2022||f500,000||f475,000|f.1,379|f976,379|
||At 31 December 2021||f500,000||X475,000|f.1,839|f976,839|
|1.|INVESTMENTS|||||||
|||||||Total|Total|
||||General Fund||Music Fund|2022|2021|
||Market value|||||||
||At beginning
ofyear
Additions
Disposals
Unrealised
gains/(losses)||685,478
49,620
(357,821)
(53,678)||6,354
67|691,832
49,620
(357,821)
(53,611)|766,959
270,289
(360,824)
15,408|
||||$323,599||/6,421|E330,020|f.691,832|
||Cost ofinvestments||6355,868||K4,740|f360,608|f.654,345|
||Unrealised
gains/(losses)|on investments|f(32,269)||61,681|Z(30,588)|K37,487|
##
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##
|11.|INVESTMENTS (continued)|INVESTMENTS (continued)||||||
|---|---|---|---|---|---|---|---|
||Year ended 31December 2021|||||Total||
|||||General Fund|Music Fund|2021||
||Market value|||||||
||At beginning ofyear
Additions|||760,605
270,289|6,354|766,959
270,289||
||Disposals
Unrealised
(losses)/gains|||(360,824)
15,408||(360,824)
15,408||
|||||K685,478|K6,354|f.691,832||
||Cost ofinvestments|||X649,605|K4,740|6654,345||
|12.|DEBTORS|||||||
|||||||Total|Total|
|||||||2022|2021|
||Trade debtors|||||1,000|3,000|
||Legacies receivable
Tax reclaimable
on Gift Aid|||||10,181|2,745|
||Prepayments|||||5,750|5,750|
|||||||K16,931|f.11,495|
|13.|CREDITORS: amounts|falling due within|one year|||Total|Total|
|||||||2022|2021|
||Accruals|||||14,302|7,461|
||Deferred income|||||1,765|2,610|
||Taxation and Social Security|||||||
|||||||K16,067|f.10,071|
##
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|6.
RESTR|ICTED FUNDS||||||
|---|---|---|---|---|---|---|
|||Opening|||Transfers &|Closing|
|||Balance|Income|Expenditure|Gains/Losses|Balance|
|Year ended 31 December 2022|||||||
|Friends Funds||54,368|13,860|||68,228|
|Fabric Fund||6,270||||6,270|
|Fabric Webcam Fund
Mission Fund||4,750
20,494|2,000|(4,320)
(179)||430
22,315|
|Staff Fund||6,703||||6,703|
|Miscellaneous|Small Funds|1,371|67|||1,438|
|Broadcasting
Equipment
Marcus Cornish Fund||2,627||(6,365)||2,627
(6,365)|
|Organ Fund|||23,180|||23,180|
|||696,583|639,107|X(10,864)||f124,826|
|Year ended 31 December 2021|||||||
|Friends Funds||52,883|1,485|||54,368|
|Fabric Fund||6,270||||6,270|
|Fabric Webcam Fund||4,750||||4,750|
|Mission Fund||26,662||(6,168)||20,494|
|Staff Fund||6,703||||6,703|
|Miscellaneous|Small Funds|1,371||||1,371|
|Broadcasting|Equipment||9,232|(6,011)|(594)|2,627|
|||f98,639|f10,717|f(12,179)|K(594)|696,583|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|Authorised|and|contracted|for||f195,093|
##
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|EXPENDITURE ON CHAR|ITABLE ACTIVITI|ES||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|Diocese and wider church||||||
|Common
fund||55,000||55,000|55,000|
|Diocesan school maintenance||434||434|2,222|
|Subscription
s|||||30|
|||55,434||55,434|57,252|
|Church
running
costs
Utilities (includes
Designated|Funds)|27,522||27,522|15,137|
|Fabric &plant maintenance||21,930||21,930|8,196|
|(includes
Designated
Funds)||||||
|Major church repairs
(includes Designated
Funds)
Organ maintenance
and tuning
Piano tuning
Insurance||437,086
1,995
16,312||437,086
1,995
16,312|326,190
924
683
15,925|
|Cleaning
&,churchyard
maintenance
Miscellaneous
purchases||4,784
3,502||4,784
3,502|4,436
2,015|
|Church
statue cost (Designated
ITcosts|Funds)|3,500
1,213|6,365
4,320|9,865
5,533|6,490|
|Depreciation||460||460|(415)|
|||518,304|10,685|528,989|379,581|
|Parish costs||||||
|Vicar(Vicarage
expenditure
Parish administrator
(note 7)
Finance officer||707
13,522
859||707
13,522
859|967
13,363
520|
|Parish office costs||2,020||2,020|633|
|Accountancy
and bookkeeping||5,131||5,131|12,864|
|CES and professional
fees||7,841||5,561||
|Bank and other charges||486||486||
|||30,566||30,566|28,347|
|Costs ofproviding
church services
Altar requisites
Candles||101
1,728||101
1,728|2,620
1,566|
|Catering
and utensils
Flowers||1,719
2,828||1,719
2,828|932
1,678|
|Music||22,164||22,164|20,766|
|Adveitising
and printing
Miscellaneous
supplies||1,058
825||1,058
825|509
303|
|||30,423||30,423|28,374|
|Mission Fund —Outreach|||179|179|6,168|
|Costs ofcharitable
activities||||||
|Costs ofproviding
weddings,|funerals &baptisms|708||708|1,590|
|||635,435|10,864|646,299|501,312|
|Governance
costs||||||
|Independent
examination||2,280||2,280|2,560|
|||2,280||2)280|2,560|
|||K637,715|610,864|f648,579|X503,872|
##
##
##
|Year ended 31 Dece|mber|2021||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||Funds|Funds|2021|
|Diocese and wider church||||||
|Common
fund
Diocesan school maintenance
Subscriptions|||55,000
2,222
30||55,000
2,222
30|
||||57,252||57,252|
|Church
running
costs||||||
|Utilities
Fabric &plant maintenance|||15,137
8,196||15,137
8,196|
|Major church repairs||||||
|(includes Designated
Funds)|||326,190||326,190|
|Organ maintenance
and|tuning||924||924|
|Piano tuning|||683||683|
|Insurance
Cleaning &churchyard
maintenance
Miscellaneous
purchases
IT costs
Depreciation
on Dell reverse|||15,925
4,436
2,015
479
-415|6,011|15,925
4,436
2,015
6,490
-415|
||||373,570|6,011|379,581|
|Parish costs||||||
|Vicar/Vicarage
expenditure|||967||967|
|Parish administrator
(note 7)|||13,363||13,363|
|Parish training
and mission||||||
|Finance officer|||520||520|
|Parish office costs|||633||633|
|Accountancy
and bookkeeping|||12,864||12,864|
||||28,347||28,347|
|Costs ofproviding
church services||||||
|Altar requisites
Candles|||2,620
1,566||2,620
1,566|
|Catering
and utensils|||932||932|
|Flowers|||1,678||1,678|
|Organists||||||
|Music|||20,766||20,766|
|Adveitising
and printing|||509||509|
|Miscellaneous
supplies|||303||303|
||||28,374||28,374|
|Mission Fund —Outreach||||6, 168|6,168|
|Costs ofcharitable
activities||||||
|Costs ofproviding
weddings,||funerals &baptisms|1,590||1,590|
||||489,133|12&]79|501,312|
|Governance
costs||||||
|Independent
examination|||2,560||2,560|
||||2&560||2,560|
||||491,693|XI2,179|X503,872|