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||Pages|
|---|---|
|Report of the PCC|1-10|
|Independent Examiner'sReport|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Cash Flow Statement|14|
|Principal Accounting Policies|17|
|Notes to the Financial Statements|18-28|





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||||||Total|Total||
|---|---|---|---|---|---|---|---|
||||General|Designated|Unrestricted|Restricted|Overall|
||||Fund|Fund|Funds|Fund|Total|
|31|December|2023|23,332|(20,346)|2,986|15,225|18,211|
|31|December|2022|(27,429)|(330,681)|(358,110)|28,243|(329,867)|





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|||Unrestricted|Restricted|Endowment||Total|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds|fund||2023|2022|
||Note|||||||
|Income from||||||||
|Donations and legacies|1|109,521|28,819|||138,340|274,755|
|Charitable activities|2|6,438||||6,438|3,252|
|Tradingactivities|3|129,669||||129,669|113,651|
|Investments & bank deposits|4|11,660||||11,660|10,825|
|TotalIncome||257,288|28,819|||286,107|402,483|
|Expenditure on||||||||
|Raising funds|5|1,887||||1,887|30,160|
|Charitable activities|6|263,903|14,198|||278,101|648,579|
|Total Expenditure||265,790|14,198|||279,988|678,739|
|Net income/(expenditure)||(8,502)|14,621|||6,119|(276,256)|
|before gains oninvestments||||||||
|Realised (loss)/gain on||(14,329)||||(14,329)|605|
|investments||||||||
|Unrealised gain/(loss) on|11|25,817|604|||26,421|(54,216)|
|investments||||||||
|Net Movement in Funds||2,986|15,225|||18,211|(329,867)|
|Transfer||||||||
|Funds at 1 January||854,720|124,826|475,000|1|,454,546||
|Funds at 31 December||||e475,ooo||||





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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||Note|funds|funds|fund|2023|2022|
|Tangiblefixed assets|10|501,355||475,000|976,355|976,379|
|Investments|11|291,203|7,025||298,228|330,020|
|||792,558|7,025|475,000|||
|Current Assets|||||||
|Debtors|12|15,997|1,808||17,805|16,931|
|Cash atbank and in hand||74,549|131,218||205,767|147,283|
|||90,546|133,026||223,572|164,214|
|Creditors<br>- Amounts|||||||
|falling due within one year|13|(25,398)|||(25,398)|(16,067)|
|Net Current Assets||65,148|133,026||198,174|148,147|
|NET ASSETS||$857,706|||||
|FUNDS|||||||
|General Funds|||||||
|Unrestricted Funds|14|5,742|||5,742|(17,590)|
|Designated Funds|15|851,964|||851<br>,964|872,310|
|Restricted Funds|16||140,051||140,051|124,826|
|Endowment|17|||475,000|475,000|475,000|
|||$857,706||E475,ooo|||





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|OR THE YEAR ENDED 31 DECEMBER<br>2023|||||
|---|---|---|---|---|
||||2023|2022|
|Cash flows from Operating Activities|||||
|Net cash(outflow)/inflow from/(used in) operating|activities||(10,961)|(286,061)|
|Cash flows from investing activities|||||
|Dividends and interest|||11,660|10,825|
|Payments to acquire fixed assets|||(428)||
|Proceeds from sales ofinvestments|||84,349|357,821|
|Payments to acquire investments|||(26,136)|(49,620)|
|Net cash provided by investing activities|||69,445|319,026|
|Change in cash and cash equivalents in year|||58,484|32,965|
|Cash and cash equivalents at 1 January 2023|||147,283|114,318|
|Cash and cash equivalents at 31 December 2023||||E147,283|
|Notes to the Cash Flow Statement|||||
|. Reconciliation of net movement in funds to net cash flow from operating activities|||||
||||2023|2022|
|Net movement in funds (as per the Statement ofFinancial Activities)|||18,211|(329,867)|
|Adjustments for|||||
|Unrealised (gains)/losses on investments|||(26,421)|53,611|
|Dividends and interest from investments|||(11,660)|(10,825)|
|Depreciation|||452||
|Non-cash assets received by wayoflegacy<br>Decrease / (Increase) in debtors|||(874)|(5,436)|
|(Decrease) / Increase in creditors|||9,331|5,996|
|Net cash from<br>/ (used in) operating activities|||(10,961)|(286,061)|
|B. Analysis ofcash and cash equivalents|||||
|Cash atbank and in hand|||205,767|147,283|
|Total cash and cash equivalents|||E205,767|Z147,283|
|C. Reconciliation of Net Cash|||||
|||||At 31|
||January|Cash flows|Othernon-|December|
||2023||cash changes|2023|
|Cash and cash equivalents|||||
|Cash atbank|147,283|||205,767|
|||||e205,767|





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|DONATIONS AND LEGACIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|2023|2022|
|Stewardship|||||
|Planned giving<br>- stewardship scheme|38,291||38,291|28,080|
|Other gifts and donations|7,296|2,277|9,573|52,486|
|Gift Aid tax recovered|13,953||13,953|15,388|
|Total Christian stewardship|59,540|2,277|61,817|95,954|
|Friends of St Gabriel's|||||
|Subscriptions||290|290|1,128|
|Donations||7,965|7,965|10,000|
|Gift Aid recovered||227|227|2,732|
|Total Friends ofStGabriel's||8,482|8,482|13,860|
|Grants and Legacies|||||
|Mission Fund<br>—<br>Other gifts & donations||3,990|3,990||
|Mission Fund<br>- Grants from Parish House||14,070|14,070||
|Archbishop's Council grant|39,223||39,223|164,941|
|Legacies|10,758||10,758||
|Total Grants and Legacies|49,981|18,060|68,041|164,941|
||€109,521|28,819|E138,340|€274,755|





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|Year ended 31 December 2022||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|2022|
|Stewardship||||
|Planned giving<br>- stewardship scheme|28,080||28,080|
|Other gifts and donations|27,306|25,180|52,486|
|Gift Aid taxrecovered|15,388||15,388|
|Total Christian stewardship|70,774|25,180|95,954|
|Friends of St Gabriel's||||
|Subscriptions||1,128|1,128|
|Donations||10,ooo|10,ooo|
|Gift Aid recovered||2,732|2,732|
|Total Friends ofStGabriel's||13,860|13,860|
|Grants and Legacies||||
|MissionFund<br>- LDF Grant||||
|MissionFund<br>- Grants from Parish House||||
|Archbishop's Council grant|164,941||164,941|
|All Churches Trust||||
|Total Grants and Legacies|164,941||164,941|
||€235,715|€39,040|274,755|





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||Unrestricted|Restricted|Total|Total|Total|
|---|---|---|---|---|---|
||Funds|Funds|2023|2022||
|Income from weddings, funerals & baptisms|6,438||6,438||3,072|
|Income from other services|||||180|
||€6,438|E-||€3,252||
|Year ended 31 December 2022||||||
||Unrestricted|Restricted|Total|||
||Funds|Funds|2022|||
|Income from weddings, funerals & baptisms|3,072||3,072|||
|Income from other services|180||180|||
||€3,252||€3,252|||
|INCOME FROM TRADING ACTIVITIES||||||
||Unrestricted|Restricted|Total|Total||
||Funds|Funds|2023|2022||
|Rental income|52,256||52,256|59,197||
|Rental income from 37 Sheraton House|16,230||16,230|1|,900|
|Hire ofchurch& vestry hall|56,183||56,183|42,554||
|Concerts and music recitals|5,000||5,000|||
||€129,669|E-|E129,669|El 13,651||
|Year ended 31 December 2022||||||
||Unrestricted|Restricted|Total|||
||Funds|Funds|2022|||
|Rental income|59,197||59,197|||
|Rental income from 37 Sheraton House|11,900||11,900|||
|Hire ofchurch& vestry hall|42,554||42,554|||
|Concerts and music recitals||||||
||13,651|E-|13,651|||



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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||Funds|Funds|2023|2022|
|Bank interest|3,401||3,401|1,522|
|Income from quoted investments|8,259||8,259|9,303|
||€11,660|E-|€11,660|€10,825|
|Year ended 31 December 2022|||||
||Unrestricted|Restricted|Total||
||Funds|Funds|2022||
|Bank interest|1,522||1,522||
|Income from quoted investments|9,303||9,303||
||€10,825||ElO,825||



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|EXPENDITURE<br>ON RAISING FUNDS|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|2023|2022|
|InvestmentManagement fees|33||33|348|
|Maintenance and upkeep oflet property|1,854||1,854|29,812|
||El,887||El,887|E30,160|



|Year ended 31 December 2022||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|2022|
|InvestmentManagement fees|348||348|
|Maintenance and upkeep oflet property|29,812||29,812|
||€30,160||€30,160|





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||Grants &|Other|Support|Support|Total|Total|
|---|---|---|---|---|---|---|
||Donations|Costs|Costs||2023|2022|
|Diocese and wider church|59,167|278||1,566|61,011|57,059|
|Church tunning costs|||||||
|(includes Restricted funds)||50,991||9,397|60,388|89,293|
|Parish costs||1,515|12,530||14,045|14,563|
|Costs of providing church services||34,757||4,699|39,456|35,297|
|Webcam expenditure -Restricted fund||||||4,320|
|Costs ofcharitable activities||512||3,132|3,644|3,957|
|Major church repairs -Designated fund||78,969|||78,969|437,086|
|Professional fees<br>—<br>Designated fund||8,383|||8,383||
|Mission Fund -Restricted fund||11,753|||11,753|179|
|Church statue -Restricted fund||||||6,365|
|Depreciation||452|||452|460|
||€59,167|€187,610|€31|,324|€278,101|€648,579|
|Year ended 31 December 2022|||||||
||Grants &|Other|Support||Total||
||Donations|Costs|Costs||2022||
|Diocese and wider church|55,000|434||1,625|57,059||
|Church running costs|||||||
|(includes Restricted funds)||79,545||9,748|89,293||
|Parish costs||1,566||12,997|14,563||
|Costs of providing church services||30,423||4,874|35,297||
|Webcam expenditure-Restricted fund||4,320|||4,320||
|Costs ofcharitable activities||708||3,249|3,957||
|Major church repairs -Designated fund||437,086|||437,086||
|Mission Fund -Restricted fund||179|||179||
|Church statue -Restricted fund||6,365|||6,365||
|Depreciation|||||460||
||€55,000|€561,086|€32,493||€648,579||
||||||Total|Total|
||||||2023|2022|
|Support Costs|||||||
|IT costs|||||556|1,213|
|Parish Administrator|||||14,422|13,522|
|Parish office costs|||||1,155|2,020|
|Independent examination fees|||||6,401|2,280|
|Accounting and bookkeeping fees|||||8,474|5,131|
|CES and professional charges||||||7,841|
|Bank and other charges|||||316|486|
||||||n 1,324|E32,493|





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|Diocese and wider church|5%|(2022: 5%)|1<br>, 566|1 ,625|
|---|---|---|---|---|
|Church running costs|||9,397|9,748|
|Parish costs|400/0|(2022: 400/0)|12,530|12,997|
|Costs of providing church services||(2022: 15%)|4,699|4,874|
|Costs ofcharitable activities||(2022: 10%)|3,132|3,249|
||||€31,324|€32,493|



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||2023|2022|
|---|---|---|
|Wages and salaries|14,147|13,079|
|Social security|||
|Otherpension costs|275|443|
||€14,422|€13,522|
|No employee has received remunerationat a rate of €60,000 or more per annum (2022: Nil).|||
|The average numberofstaffemployed in the year was:|||
||2023|2022|
|Administration|1|1|



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|10.|TANGIBLE FIXED ASSETS|Unrestricted||||
|---|---|---|---|---|---|
|||Funds|Endowment|Unrestricted||
|||Long Leasehold|Long Leasehold|Equipment|Total|
||COST OR VALUATION|||||
||At 1 January 2023|500,000|475,000|10,156|985,156|
||Additions|||428|428|
||At 31 December 2023|500,000|475,000|10,584|985,584|
||DEPRECIATION|||||
||At 1 January 2023|||8,777|8,777|
||Charge for theyear|||452|452|
||At 31 December 2023|||9,229|9,229|
||NET BOOK VALUE|||||
||At 31 December 2023|€500,000|€475,000|€1,355|€976,355|
||At 31 December 2022|€500,000|€475,000|El,379|€976,379|



|INVESTMENTS|||||
|---|---|---|---|---|
||||Total|Total|
||General Fund|Music Fund|2023|2022|
|Marketvalue|||||
|Atbeginning ofyear|323,599|6,421|330,020|691,832|
|Additions|26,136||26,136|49,620|
|Disposals|(84,349)||(84,349)|(357,821)|
|Unrealised gains/(losses)|25,817|604|26,421|(53,611)|
||291,203|€7,025|€298,228|€330,020|
|Cost ofinvestments|297,654|€4,740|€302,394|€360,608|
|Unrealised gains/(losses) on investments||2,285|||





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|11.|INVESTMENTS (continued)||||
|---|---|---|---|---|
||Year ended 31 December 2022|||Total|
|||General Fund|Music Fund|2022|
||Marketvalue||||
||At beginning ofyear<br>Additions|685,478<br>49,620|6,354|691,832<br>49,620|
||Disposals|(357,821)||(357,821)|
||Unrealised (losses)/gains|(53,678)|67|(53,611)|
|||€323,599|E6,421|030,020|
||Cost ofinvestments|E355,868|E4,740|€360,608|



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|DEBTORS|||
|---|---|---|
||Total|Total|
||2023|2022|
|Trade debtors|1,000|1,000|
|Agency collections|6,340||
|Taxreclaimable on Gift Aid|2,515|10,181|
|Prepayments|7,950|5,750|
||€17,805|€16,931|



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||Total|Total|
|---|---|---|
||2023|2022|
|Accruals|12,987|14,302|
|Deferred income|4,084|1,765|
|Other creditors|8,327||
||25,398|€16,067|



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|Opening|||Released|Closing|
|---|---|---|---|---|
|Balance|Income|Expenditure|from|Balance|
||(incl. Gains)||Designation||
|€872,310|€67,039||E-|€851,964|
|Opening|Income&||Designated in|Closing|
|Balance|Gains|Expenditure|Year|Balance|
||E122,564|||€872,310|





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|6.<br>RESTRICTED FUNDS||||||
|---|---|---|---|---|---|
||Opening|||Transfers &|Closing|
||Balance|Income|Expenditure|Gains/Losses|Balance|
|Year ended 31 December 2023||||||
|Friends Funds|68,228|2,117|||67,900|
|Fabric Fund|6,270||||6,270|
|Fabric Webcam Fund|430||||430|
|Mission Fund|22,315|18,060|(11,753)||28,622|
|StaffFund|6,703||||6,703|
|Miscellaneous Small Funds|1,438|604|||2,042|
|Broadcasting Equipment|2,627||||2,627|
|Marcus Cornish Fund|(6,365)|6,365||||
|Organ Fund|23,180|2,277|||25,457|
||€124,826|€29,423||E-|€140,051|
|Year ended 31 December 2022||||||
|Friends Funds<br>Fabric Fund|54,368<br>6,270|13,860|||68,228<br>6,270|
|Fabric Webcam Fund|4,750||(4,320)||430|
|MissionFund|20,494|2,000|(179)||22,315|
|StaffFund|6,703||||6,703|
|Miscellaneous SmallFunds|1,371|67|||1,438|
|Broadcasting Equipment|2,627||||2,627|
|Marcus Cornish Fund|||(6,365)||(6,365)|
|Organ Fund||23,180|||23,180|
||E96,583|€39,107|||E 124,826|



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|restricti|ons|imp|osed|by|t|he Dioce|se.|Se|e Tangible|FixedAssets<br>—<br>note|10.||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Total|Total|
||||||||||||2023|2022|
|Balance|on|the|fund|at|I|January|and|31|December|2023|€475,000|€475,000|



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