2023-12-31-accounts - The Parochial Church Council of the Ecclesiastical Parish of All Saints Chelsea known as Chelsea Old Church

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	5
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	9	to	17
Detailed Statement ofFinancial Activities	18	to	19

Statement ofFinancial Activities for the Year Ended 31December 2023
				31.12.23	31.12.22
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Voluntary income		187,350		187,350	190,958
Charitable activities
Church activities		277,547		277,547	285,691
Other income		7,010		7,010
Investment income		5,727		5,727	2,928
Total		477,634		477,634	479,577
EXPENDITURE ON
Charitable activities
Church activities		479,550	2,000	481,550	454,984
Net gains/{losses) on investments		5,106		5,106	(5,573)
NET INCOME/(EXPENDITURE)		3,190	(2,000)	1,190	19,020
Transfers between funds	15	400	(400)
Net movement in funds		3,590	(2,400)	1,190	19,020
RECONCILIATION OFFUNDS
Total funds brought forward		467,571	738,197	1,205,768	1,186,748
TOTAL FUNDS CARRIED FORWARD		471,161	735,797	1,206,958	1,205,768

						31.12.23	31.12.22
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes
FIXEDASSETS
Tangible assets			10	45,685	739,797	785,482	753s168
Investments			11	59s374		59s374	54268
				105,059	739,797	844,856	807,436
CURRENT ASSETS
Debtors			12	36,419		36,419	30,250
Cash at bank and in hand				380s866		380,866	413,278
				417,285		417285	443,528
CREDITORS
Amounts falling due within one year			13	(51,183)		(51s183)	(43,196)
NET CURRENT	ASSETS			366,102		366,102	400e332
TOTA.I ASSETSLESS		CURRENT LIABILITIES		471,161	739h797	1,210,958	1,207,768
PROVISIONS			14		(4,000)	(4e000)	(2s000)
NET ASSETS				471,161	735,797	1,206,958	le 205,768
FUNDS			15
Unrestricted funds:
General fund						471„161	467,571
Restricted funds:
Organ Fund						735,797	738e197
TOTAL FUNDS						1e206,958	1r205,768
						l
The dnanoiai statements		were approved	hy the Board of Trustees	and authnrised	for issue on .........1t...I.!!-........		and wel'e
signed on its b	fby:
C Rees - Trustee
EPriday MVO - Trustee

All income resources are recognised in the Statement ofFinancial Activities when:
- the PCCbecomes legally entitled tothe use ofthe resources;
- an inflow ofeconomic benefit isprobable; and
- the monetary value canbe measured with sufficient reliability.

2.	VOLUNTARY INCOME	VOLUNTARY INCOME
						31.12.23	31.12.22
					Unrestricted	Total	Total
					funds	funds	funds
	Planned giving and collections				141,958	141,958	130,696
	Donations,	gift income and	legacies		20,840	20,840	34,283
	Gift aid				24,552	24,552	25,979
					187,350	187,350	190,958
3.	OTHER INCOME
						31.12.23	31.12.22
					Unrestricted	Total	Total
					funds	funds	funds
	Fundraising	events			7,010	7,010
4.	INVESTMENT INCOME
						31.12.23	31.12.22
					Unrestricted	Total	Total
					funds	funds	funds
	Interest - Bank and CBFDeposit Fund				4,104	4,104	1,649
	Dividends	- CBFInvestment	Fund		1,623	1,623	1,279
					5,727	5,727	2,928
	INCOME	FROM CHARITABLE		ACTIVITIES
						31.12.23	31.12.22
				Activity
	Weddings	aud funerals		Church activities		59,626	75,236
	Music income			Church activities		54,340	50,319
	Bellringing			Church activities		2,870	6,480
	Baptisms			Church activities		4,730	7,260
	Petyt Hall	- Hire income		Church activities		115,550	109,475
	Petyt Hall	- Flat rental		Church activities		34,731	32,339
	Other income			Church activities		5,700	4,582
						277,547	285,691

							Direct
							Costs (see
							note 7)
Church activities							481,550
DIRECTCOSTSOFCHAIUTABLE ACTIVITIES
						31.12.23	31.12.22
Staffcosts						58,365	77,715
Subcontractor fees						16,468
Insurance costs						7,020	6,444
Vicar expenses						5,931	6,045
Sanctuary expenses						9,808	4,604
Music costs						102,550	90,166
Events, hospitality and entertainment				-miscellaneous		7,849	8,245
Events, hospitality and entertainment				-catering costs		11,849
Events, hospitality and entertainment				-Christmas		5+58
Events, hospitality andent~ent				-parish lunch		6,590	2,621
Church running costs						36,151	11,321
Church and hall maintenance						31,738	28,779
Vicarage refurbishment							59,394
Verger expenses						33,864	32,935
Printing and admimstration						7,939	17,663
Travelling and accommodation						1,205
Bank charges						1,070	1,068
Sundry expenses						497	1,769
Diocesan parish share						100,000	90,000
Diocesan parochial fees						4,988	5,498
Charitable contributions						5,496	1,644
Flat rental - management	fees					2,875	4,237
Flat rental - other costs						1,282
Professional fees - miscellaneous						6,967	5,002
Professional fees - independent			examination			3,960	3,780
Professional fees - bookkeeping						4,800	4,800
Organ Fund - repairs provision						2,000	2,000
Depreciation						5,030	(10,746)
						481,550	454,984
Governance Costs
Governance costs included		in Professional			fees above:
						31.12.23	31.12.22
Independent examination		fee				3,960	3,780
Bookkeeping services						4,800	4,800
						8,760	8,580

There were no truste STAFFCOSTS	es'epaid fort	he year ended 31December 2023nor forth	e year ended 31December	2022.
			31.12.23	31.12.22
			f,
Wages and salaries			57,124	76,196
Other pension costs			1,241	1,519
			58,365	77,715
The average monthly	number ofemployees	during the year was as follows:
			31.12.23	31.12.22
StafF- Church activities			2	3

TANGIBLE FIXEDASSETS
		Fixtures
	Church	and
	Organ	6ttings	Totals
COST
At 1January 2023	739,797	20,221	760,018
Additions		37,344	37,344
At31December 2023	739,797	57,565	797,362
DEPRECIATION
At 1January 2023		6,850	6,850
Charge foryear		5,030	5,030
At 31December 2023		11,880	11,880
NET BOOKVALUE
At 31December 2023	739,797	45,685	785,482
At 31December 2022	739,797	13,371	753,168

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At 1 January 2023	54,268
Revaluations	5,106
At 31December 2023	59,374
NET BOOKVALUE
At 31December 2023	59,374
At31December 2022	54,268

DEBTORS:AMOUN	TS FALLING DUE WITHIN ONE YEAR
		31.12.23	31.12.22
Trade debtors		27337	18,110
Gift aid receivable		7,054	9,675
Prepayments and accrued income		2,028	2,465
		36,419	30,250
CREDITORS: AMOUNTS FALLING DUE WH'HIN ONE YEAR
		31.12.23	31.12.22
Social security and other taxes		233	258
Deferred income		24,606	20,625
Accruals - Other expenses		2,411	3,143
Accruals - Governance	costs	8,640	8,520
Accruals - Music costs		15/93	10,650
		51,183	43,196

						31.1223	31.1222
	Organ Fund -	repairs provision				4,000	2,000
15.	MOVEMENT IN FUNDS
					Net	Transfers
					Inovclncnt.	between	At
				At 1.1.23	in funds	funds	31.12.23
	Unrestricted	funds
	General fund			467,571	3,190	400	471,161
	Restricted funds
	Organ Fund			738,197	(2,000)	(400)	735,797
	TOTAL FUNDS			1,205,768	1,190		1,206,958
	Net movement	in funds, included in the above		are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
	Unrestricted	funds
	General fund			477,634	(479,550)	5,106	3,190
	Restricted funds
	Organ Fund				(2,000)		(2,000)
	TOTAL FUNDS			477,634	(481,550)	5,106	1,190
	Comparatives	for movement	in funds
						Net
						movement	At
					At 1.1.22	n1 funds	31.12.22
	Unrestricted	fnnds
	General fund				461,341	6,230	467,571
	Restricted funds
	Organ Fund				725,407	12,790	738,197
	TOTAL FUNDS				1,186,748	19,020	1,205,768

		Incoming	Resources	Gains and	Movement
		rcsoufccs	expended	losses	in funds
Unrestricted	fuads
General fund		479,577	(467,774)	(5,573)	6,230
Restricted funds
Organ Fund			12,790		12,790
TOTAL FUNDS		479,577	(454,984)	(5,573)	19,020

			Net	Transfers
			movement	between	At
		At 1.1.22	in funds	funds	31.12.23
Unrestricted	funds
General fund		461,341	9,420	400	471,161
Restricted funds
Organ Fund		725,407	10,790	(400)	735,797
TOTAL FUNDS		1,186,748	20,210		1,206,958
A current year	12months and prior year 12months combined net movement		in funds, included in the above are as follows:
		Incoming	Resources	Gains and	Movement
		Icsoulccs	expended	losses	in funds
Unrestricted	funds
General fund		957,211	(947,324)	(467)	9,420
Restricted funds
Organ Fund			10,790		10,790
TOTAL FUNDS		957,211	(936,534)	(467)	20,210

						31.1223	31.12.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
INCOME AND ENDOWMENTS
Voluntary income
Planned giving and	collections			141,958		141,958	130,696
Donations, gift income and		legacies		20,840		20,840	34/83
Gift aid				24,552		24,552	25,979
				187,350		187,350	190,958
Other income
Fundraising events				7,010		7,010
Investment income
Interest - Bank and	CBFDeposit Fund			4,104		4,104	1,649
Dividends - CBFInvestment		Fund		1,623		1,623	1,279
				5,727		5,727	2,928
Charitable activities
Weddings and funerals				59,626		59,626	75@36
Music income				54,340		54,340	50,319
Bell ringing				2,870		2,870	6,480
Baptisms				4,730		4,730	7,260
Petyt Hall - Hire income				115,550		115,550	109,475
Petyt Hall - Flat rental				34,731		34,731	32,339
Other income				5,700		5,700	4,582
				277,547		277,547	285,691
Total incoming resources				477,634		477,634	479,577
Charitable actfivities
Salaries and social	security			57,124		57,124	76,196
Pension contributions Subcon~ fees				1,241 16,468		1,241 16,468	1,519
Insurance costs				7,020		7,020	6,444
Vicar expenses				5,931		5,931	6,045
Sanctuary expenses				9,808		9,808	4,604
Music costs				102,550		102,550	90,166
Events, hospitality	and entertainment		-miscellaneous	7,849		7,849	8,245
Carried forward				207,991		207,991	193,219

					31.12.23	31.1222
			Unrestricted		Total	Total
			funds		funds	funds
Charitable activities
Brought forward			207,991		207,991	193,219
Events, hospitality and entertainment		-catering costs	11,849		11,849
Events, hospitality and entertainment		—Christmas	5,258		5,258
Events, hospitality and entertainment		-parish lunch	6,590		6,590	2,621
Church running costs			36,151		36,151	11,321
Church and hall maintenance			31,738		31,738	28,779
Vicarage refurbishment						59,394
Verger expenses			33,864		33,864	32,935
Printing and admmstration			7,939		7,939	17,663
Travelling and accommodation			1@05		1,205
Bank charges			1,070		1,070	1,068
Sundry expenses Diocesan parish share			497 100,000		497 100,000	1,769 90,000
Diocesan parochial fees			4,988		4,988	5,498
Charitable contributions Flat rental - management fees Flat rental - other costs			5,496 2,875 1,282		5,496 2,875 1,282	1,644 4,237
Professional fees - miscellaneous			6,967		6,967	5,002
Professional fees - independent	examination		3,960		3,960	3,780
Professional fees - bookkeeping			4,800		4,800	4,800
Organ Fund - repairs provision				2,000	2,000	2,000
Depreciation Church Organ Depreciation Fixtures and fittings			5,030		5,030	(14,790) 4,044
			479,550	2,000	481,550	454,984
Total resources expended			479,550	2,000	481,550	454,984
Net income before gains and losses			(1,916)	(2,000)	(3,916)	24,593
Realised recognised gains and	losses
Realised gains/(losses) on fixed	asset investments		5,106		5,106	(5,573)
Net income			3,190	(2,000)	1,190	19,020