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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|9|
|Independent<br>Examiner's<br>Report||10||
|Statement ofFinancial Activities||||
|Statement ofFinancial Position||12||
|Statement ofCash Flows||||
|Notes to the Statement ofCash llows||14||
|Notes to the Financial Statements|15|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|





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|CLERGY|||
|---|---|---|
|Team Rector|The Revd Gaz Daly||
|Team Vicar|The Revd Gary Neal||
|Assistant Pastor|Vacant||
|PARISH WARDENS|Mr Andrew<br>Rayner||
|||Miss Katie Gould (until September 2023)|
|DEPUTY-WARDENS|||
|St Mary' s||Mr George Woollard|
|||Mr Philip Nokes|
|St Stephen's|Mrs Mary Stewart||
|Queen Street|Vacant||
|DEANERY SYNOD|||
|||Mrs Liz Farrow|
|||Mr John Whitehead|
|||Mr Daniel Hay|
|||Mr Matthew<br>Tomson|
|||Ms Sandra Squire|
|PCC REPRESENTATIVES|||
|St Mary' s||Mrs Patricia Westram|
|||Mrs Tusa Clark|
|||Mr Samuel Gnanaratnam|
|||Mrs Elizabeth Crockett|
|||Mr Andrew<br>Marshall|
|||Ms Vivienne Tutfi|
|PCC TREASURER|Mr Geotliey Gair||
|PCC SECRETARY|Miss Kate Greenfield||
|2.1PCC Appointments|and|Responsibilities|





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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOMING RESOURCES FROM|||||||
|CHARITABLE ACTIVITIES FROM|||||||
|Voluntary<br>income||2|346,615||346,615|347,630|
|Charitable<br>activities|||||||
|Church Activities|||2,959||2,959|9,429|
|Activities for generating|funds||19,060||19,060|20,012|
|Investment<br>income|||31,414||31,414|19,272|
|Other income|||5,745||5,745|174,619|
|Total|||405,793||405,793|570,962|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Church Activities|||438,722||438,722|480,347|
|Charitable<br>activities|||51,250||51,250|37,995|
|Total|||489,972||489,972|518,342|
|NET INCOME/(EXPENDITURE)|||(84,179)||(84,179)|52,620|
|Transfers between<br>funds||12|23,080|(23,080)|||
|Net movement<br>in funds|||(61,099)|(23,080)|(84,179)|52,620|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought<br>forward|||1,107,000|194,383|1,301,383|1,248,763|
|TOTAL FUNDS CARRIED FORWARD|||1,045,901|171,303|1,217,204|1,301,383|





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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds<br>f|faults<br>I|funds<br>f|fundsI|
|FIXEDASSETS|||||||
|Tangible assets||10|396MI||396441|396,241|
|CURRENT ASSETS|||||||
|Cash at bank|||6494160|171@03|820rr63|905,144|
|CREDITORS|||||||
|Amounts<br>falling duc within|one year||||||
|NET CURRENT ASSETS|||6494160|171~|820rr63|905,142|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||13145rt01|171~3|1417404|1,301,383|
|NET ASSETS|||4N5 rt01|171W3|1417~|1,30l.383|
|FUNDS||12|||||
|Unrestricted<br>funds:|||||||
|Unrestricted - General|||||590rt06|634,255|
|Designated - Quinquennial|and AudintVisual||||55452|70,752|
|Designated - Parish Centre|Fund||||400,043|401.993|
||||||Idt45WI|1,107,000|
|Resnicted fimds:|||||||
|Restricted - St Mary's Re-ordering<br>Restricted - Parish Yoruh Work|||||29dt29<br>I29~|53,833<br>129,3()0|
|Restricted - Childrens Pastor Sabuy|||||12,174|11.250|
||||||171~3|194,383|
|TOTAL FUNDS|||||I/17/04|1,301,383|






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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating|activities||||||
|Cash generated<br>frotn operations|||||(121,340)|(141,271)|
|Net cash used in operating|activities||||(121,340)|(141,271)|
|Cash flows from investing|activities||||||
|Other income|||||5)745|9,527|
|Saleofheritage assets||||||165,092|
|Saleofinvestment<br>property||||||238,376|
|Interest received|||||31,414|19,272|
|Net cash provided<br>by investing||activities|||37,159|432,267|
|Change in cash and cash equivalents<br>the reporting<br>period|||in||(84,181)|290,996|
|Cash and cash equivalents|at|the|||||
|beginning<br>ofthe reporting|period||||905,144|614,148|
|Cash and cash equivalents|at|the end|of||||
|the reporting<br>period|||||820,963|905,144|





|RECONCILIATION|OFNET (EXPENDITURE)/INCOME|OFNET (EXPENDITURE)/INCOME|OFNET (EXPENDITURE)/INCOME|TO NET CASH|FLOW FROM|FLOW FROM|
|---|---|---|---|---|---|---|
|OPERATING ACTIVITIES|||||||
||||||2023|2022|
||||||5||
|Net (expenditure)/income||for the reporting|period (asper tbe||||
|Statement ofFinancial|Activities)||||(84,179)|52,620|
|Adjustments<br>for:|||||||
|Profit on disposal offixed assets|||||(5,745)|(174,619)|
|Interest received|||||(31)414)|(19,272)|
|Decrease in creditors|||||(2)||
|Net cash used in operations|||||(121,340)|(141,271)|
|ANALYSIS OF CHANGES IN NET FUNDS|||||||
|||||At 1.1.23|Cash flow|At 31.12.23|
|||||8|f||
|Net cash|||||||
|Cash at bank||||905,144|(84,181)|820,963|
|||||905,144|(84,181)|820,963|
|Total||||905,144|(84,181)|820,963|



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|2.|VOLUNTARY INCOME|VOLUNTARY INCOME|VOLUNTARY INCOME|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||5||||
||Planned|giving||189,710||189,710|188,015|
||Collection||at services|19,552||19,552|16,122|
||Donations||and appeals|73,330||73,330|74,242|
||Income tax||recoverable|57,148||57,148|51,418|
||Grants|||6,875||6,875|16,833|
||Legacies||||||1,000|
|||||346,615||346,615|347,630|
|3.|ACTIVITIES FOR GENERATING FUNDS|||||||
|||||||2023|2022|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||Room hire|||17,520||17,520|20,012|
||Other|||1,540||1,540||
|||||19,060||19,060|20,012|
|4.|INVESTMENT INCOME|||||||
|||||||2023|2022|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||Interest received and Rental income|||31,414||31,414|19,272|





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|5.|INCOME|FROM CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Activity||||
||Fees|Church Activities||2,959|9,429|
|6.|CHARITABLE ACTIVITIES COSTS|||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
|||||8||
||Church Activities||438,722||438,722|
||Charitable|activities|48,331|2,919|51,250|
||||487,053|2,919|489,972|
|7.|SUPPORT|COSTS||||
||||||Governance|
||||||costs|
||Charitable|activities|||2,919|



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|There<br>were<br>no<br>trustees'<br>expenses<br>paid<br>for the<br>year<br>ended<br>31 December<br>20<br>31 December 2022.|There<br>were<br>no<br>trustees'<br>expenses<br>paid<br>for the<br>year<br>ended<br>31 December<br>20<br>31 December 2022.|There<br>were<br>no<br>trustees'<br>expenses<br>paid<br>for the<br>year<br>ended<br>31 December<br>20<br>31 December 2022.|23 nor<br>for the|year<br>ende|
|---|---|---|---|---|
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|INCOMING RESOURCES FROM|||||
|CHARITABLE ACTIVITIES FROM|||||
|Voluntary<br>income||347,630||347,630|
|Charitable<br>activities|||||
|Church Activities||9,429||9,429|
|Activities for generating|funds|20,012||20,012|
|Investment<br>income||19,272||19,272|
|Other income||174,619||174,619|
|Total||570,962||570,962|



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|9.|COMPARATIVES|FOR THE|FOR THE|STATEMENT|OFFINANCIAL|ACTIVITIES|-continued||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|
|||||||funds|funds|funds|
||Charitable<br>activities||||||||
||Church Activities|||||480,347||480,347|
||Charitable<br>activities|||||37,995||37,995|
||Total|||||518,342||518,342|
||NET INCOME|||||52,620||52,620|
||Transfers between|fuads||||94,756|(94,756)||
||Net movement<br>in funds|||||147,376|(94,756)|52,620|
||RECONCILIATION||OFFUNDS||||||
||Total funds brought|forward||||959,624|289,139|1,248,763|
||TOTAL FUNDS CARRIED FORWARD|||||1,107,000|194,383|1,301,383|
|10.|TANGIBLE FIXEDASSETS||||||||
|||||||Moveable|||
|||||Freehold|Plant and|church|||
|||||property|machinery|furnishings|Equipment|Totals|
|||||||||8|
||Cost||||||||
||At 1 January 2023 and||||||||
||31 December 2023|||396,241|1,291|74,426|29,695|501,653|
||Depreciation||||||||
||At 1 January 2023 and||||||||
||31 December 2023||||1,291|74,426|29,695|105,412|
||Net book value||||||||
||At 31December 2023|||396,241||||396,241|
||At 31December 2022|||396,241||||396,241|





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||Freehold<br>land and property|Freehold<br>land and property|||||
|---|---|---|---|---|---|---|
||Freehold land||||||
||Rear ofQueen Street|||||16,057|
||Freehold property<br>Broadwater<br>centre|||1987||140,682|
||Clergy houses<br>67 Normandy<br>Road|||1995|93 804||
||37 Angola Road|||1997|145,698|239,502|
||TOTAL|||||396,241|
|11,|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|||YEAR|||
||||||2023|2022|
||||||5|f|
||Other creditors|||||2|
|12.|MOVEMENT IN FUNDS||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.23|in funds|funds|31.12.23|
|||||f.|5||
||Unrestricted<br>funds||||||
||Unrestricted<br>-General||634,255|(84,179)|40,330|590,406|
||Designated - Quinquennial<br>and||||||
||AudioWisuat||70,752||(15,300)|55,452|
||Designated - Parish Centre Fund||401,993||(1,950)|400,043|
||||1,107,000|(84,179)|23)080|1,045,901|
||Restricted<br>funds||||||
||Restricted - St Mary's|Re-ordering|53,833||(24,004)|29,829|
||Restricted - Parish Youth Work||129,300|||129,300|
||Restricted - Childrens|Pastor Salary|11,250||924|12,174|
||||194,383||(23,080)|171)303|
||TOTAL FUNDS||1,301,383|(84,179)||1,217,204|





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|MOVEMEN|MOVEMEN|T IN FUNDS -cont|T IN FUNDS -cont|T IN FUNDS -cont|inued|||||
|---|---|---|---|---|---|---|---|---|---|
|Net movement||in funds, included|||in the above|are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted||funds||||||||
|Unrestricted|-General||||||405,793|(489,972)|(84,179)|
|TOTALFUNDS|||||||405,793|(489,972)|(84,179)|
|Comparatives||for movement<br>in|||funds|||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.1.22|in funds|funds|31.12.22|
||||||||||I|
|Unrestricted||funds||||||||
|Unrestricted|-General|||||882,316|52,620|(300,681)|634,255|
|Designated -||Quinquennial||aud||||||
|Audio/Visual||||||77,308||(e,sse)|70,752|
|Designated -||Parish Centre||Fund||||401,993|401,993|
|||||||959,624|52,620|94,756|1,107,000|
|Restricted funds||||||||||
|Restricted - St Mary's|||Re-ordering|||119,404||(65,571)|53,833|
|Restricted - Parish Youth Work||||||158,485||(29,185)|129,300|
|Restricted - Childrens|||Pastor Salary|||11,250|||11,250|
|||||||289,139||(94,756)|194,383|
|TOTALFUNDS||||||1,248,763|52,620||1,301,383|
|Comparative||net movement||in funds, included||in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|||||||||8||
|Unrestricted||funds||||||||
|Unrestricted||-General|||||570,962|(518,342)|52,620|
|TOTAL FUNDS|||||||570,962|(518,342)|52,620|





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||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.1.22|in funds|funds|31.12.23|
|Unrestricted<br>funds||||||||
|Unrestricted|-General|||882,316|(31,559)|(260,351)|590,406|
|Designated|- Quinquennial||and|||||
|Audio/Visual||||77,308||(21,856)|55,452|
|Designated|- Parish Centre Fund|||||400,043|400,043|
|||||959,624|(31,559)|117,836|1,045,901|
|Restricted|funds|||||||
|Restricted -|StMary's|Re-ordering||119,404||(89,575)|29,829|
|Restricted -|Parish Youth Work|||158,485||(29,185)|129,300|
|Restricted -|Childrens|Pastor Salary||11,250||924|12,174|
|||||289,139||(117,836)|171,303|
|TOTAL FUNDS||||1,248,763|(31,559)||1,217,204|



|are as follow|s:||||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds<br>f|
|Unrestricted|funds||||
|Unrestricted|-General|976,755|(1,008,314)|(31,559)|
|TOTAL FUNDS||976,755|(1,008,314)|(31,559)|



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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||f||||
|INCOMING RESOURCES FROM CHARITABLE ACTIVITIES||||||
|Voluntary<br>income||||||
|Planned giving||189,710||189,710|188,015|
|Collection at services||19,552||19,552|16,122|
|Donations and appeals||73,330||73,330|74,242|
|Income tax recoverable||57,148||57,148|51,418|
|Grants||6,875||6,875|16,833|
|Legacies|||||1,000|
|||346,615||346,615|347,630|
|Activities for generating|funds|||||
|Room hire||17,520||17,520|20,012|
|Other||1,540||1,540||
|||19,060||19,060|20,012|
|Investment<br>income||||||
|Interest received and Rental income||31,414||31,414|19,272|
|Charitable<br>activities||||||
|Fees||2,959||2,959|9,429|
|Other income||||||
|Other income||5,745||5,745|9,527|
|Gain on sale ofheritage assets|||||165,092|
|||5,745||5,745|174,619|
|Total incoming<br>resources||405,793||405,793|570,962|
|EXPENDITURE||||||
|Charitable<br>activities||||||
|Missionary<br>and charitable<br>Ministry costs|giving|46,491<br>148,423||46,491<br>148,423|32,332<br>146,916|
|Church running<br>expenses||74,148||74,148|72,670|
|Office salaries||102,642||102,642|124,009|
|Light and heat<br>Maintenance,<br>Security &|Repair|42,297<br>26,975||42,297<br>26,975|19,327<br>21,299|
|Carried forward||440,976||440,976|416,553|





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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||||8|8||
|Charitable<br>activities||||||
|Brought forward||440,976||440,976|416,553|
|Administration||11,4$2||11,482|10,028|
|Insurance||8,751||8,751|7,281|
|Obligations<br>k,|subscriptions|1,840||1,840|2,117|
|StMary's Re-Ordering||24,004||24,004|78,817|
|||4$7,053||487,053|514,796|
|Support costs||||||
|Governance|costs|||||
|Accountancy|and legal fees|2&919||2,919|3,546|
|Total resources|expended|4$9,972||489,972|518,342|
|Net income/(expenditure)||(84,179)||(84,179)|52,620|