| Unrestricted | ___ _ ___ _ restneted : |
Total | Total | ||
|---|---|---|---|---|---|
| ----------- | funds ■ | funds | |||
| ... NOWS |
2023 £ |
2023 £ |
2023 £ |
2022 £ |
|
| aeem enyd orrso freen | .00/———0111/1/1/110/11/11/101 | ||||
| Planned giving, donations and legacies | 3 | 110,511 | 9/ | 110,511 | 100,643 |
| Activities for generating funds | 4 | 7,095 | m | 7,095 | 5,755 |
| Church activities | 5 | 30,079 | 30,079 | 14,017 | |
| Investments | 7 | 8,063 | 8,063 | 6,453 | |
| Other income | 6 | 7.780 | 40 | 7,820 | 8,963 |
| Total income | n | 163,528 | 40 |
163,568 | 135,831 |
| m | |||||
| Raising funds | 8 | 905 | — | 905 | 426 |
| Charttable activities | 9 |
198,421 | 1.389 | 199,810 | 120,189 |
| Total expenditure | 199,326 | 1,389 | 200,715 | 120,615 | |
| Net gains/(losses) on investments | 112 | 29,238 ---------- | 29.238 | (39,202) | |
| — — | |||||
| Net outgoing resources before transfers | (6,560) | (1,349) | (7.909) | (23,986) | |
| Gross transfers between funds | (739) | 739 | —- | ||
| Net movement in funds | (7,299) | (610) | (7,909) | (23,986) | |
| Fund balances at 1 January 2023 | 427,080 | 18,582 | 445,662 | 469,648 | |
| Fund balances at 31 December 2023 | 419,781 | 17,972 | 437,753 | 445,662 |
| 2023 | 2022 | / | ||||
|---|---|---|---|---|---|---|
| aI * Notes |
£ | £ | £ | £ | ||
| Fixed assets | m < | |||||
| Tangible assets | 14 | 16,371 | 16,371 | |||
| Investments | 15 | 291,964 | 263,426 | |||
| 308,335 | 279,797 | |||||
| Current assets | • | |||||
| Debtors | 16 |
7,964 | 6,799 | |||
| Cash at bank and in hand | 16 | 132,634 | 168,454 | |||
| 140,598 | : 175.253 | |||||
| Creditors: amounts falling due within | ||||||
| one year | 18 | (11.180) | (9,388) | |||
| Net current assets | 129,418 | 165,865 | ||||
| Total assets less current liabilities • | 437,753 | 445,662 | ||||
| Income funds | ||||||
| Restricted funds | 19 | 17,972 | 18,582 | |||
| Unrestricted funds | ||||||
| Designated funds | 20 | 292,090 | 292,160 | |||
| General unrestricted funds | 127,691 | 134,920 | ||||
| 419,781 | 427,080 | |||||
| 437,753 | 445.662 |
| Planned giving, donations and legaci | es | |||||
|---|---|---|---|---|---|---|
| — | —m | |||||
| Unrestricted | Total | Total | ||||
| funds | funds | |||||
| general | ||||||
| - | 2023£ | 2023£ |
2023£ |
2022 £ |
||
| Gift Aided donations and tax recovered | 72,576 | mm | 72,576 | 75,164 | ||
| General grants | 10,219- | 10,219 | 3,891 | |||
| Legacies receivable | 4,000 | 4,000 |
||||
| Other planned giving | 7,983 | 7,983 | 7,441 | |||
| CAllactione 599** to Non-recurring donations |
15,270 463 |
15,270 0463 |
10,962 3.145 |
|||
| Otheri | * | 40 | ||||
| 110,511 | °-3 | 110,511 | 100,643- | |||
| For the year ended 31 December 2022 |
TO100,603 |
140 | 100,643 |
| _____ 2023 £ |
2022 £ |
|
|---|---|---|
| St Michael's Lectures | 85 | |
| Newspaper collections | 120 | 243 |
| Events and other fundraising | 332 | 1.043 |
| Summer fete and draw 2,653 Music1112,560 Organ fund1869 Other fundraising 561 |
2,860 390 1,134 |
|
| 7,095 | 5,755 |
| 6 | Other income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Unrestricted | |||||
| funds | funds | funds | |||||
| general | general | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||
| £ | £ | £ | ' | £ | |||
| Coffee and edibles | 1.532 | 40 | 1,572 | 2,053 | |||
| Fees including ceremony income | 6,248 | . | 6,248 | 6,910 | |||
| 7,780 | 40 | 7,820 | 8,963 | ||||
om* |
------ | = |
|||||
| 7 | Investments | ||||||
| Unrestricted | p Kesteted |
Total | Total | ||||
| funds | funds | ||||||
| general | |||||||
| 2023 GX£ |
2023 £ |
2023 £ |
2022 i £ |
||||
| Income from listed investments | 2,057 | ||||||
| Interest receivable | 8,063 | m | 8,063 | 4,396 | |||
| 8,063- | 8,063 | 6,453 | |||||
| For the year ended 31 December 2022 |
6,443 | 10 | 6,453 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2023 | 2022 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 905 | 426 |
| 905 | 426 |
| NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | - | |||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||
| 9 Charitable activities | ||||||
| 2023 | 2022 | |||||
| £ | £ | |||||
| Common Fund | ' 57,506 | 64,542 | ||||
| Fees paid to Diocese | 1,638 | 2,528 | ||||
| Clergy expenses | 2,975 | 2,931 | ||||
| Church general and administration | 4,157 ■■ | 3,937 | ||||
| Governance costs | 2,970 | 2,025 | ||||
| Altar supplies and service sheets Music |
2,381 5,107 |
1,941 3,425 |
||||
| Church utilities | 35,456 | 16,889 | ||||
| Insurance | 9,632 | 8,699 | ||||
| Repairs | 68,243 | 4,630 | ||||
| Specific causes expenditure | 6,801 | 2,637 | ||||
| St David's soup kitchen outreach | 1,389 | 1,557 | ||||
| Missions and other outreach | 593 | 2,668 | ||||
| Organ maintenance | 962 | 646 | ||||
| Small church projects | 1,134 | |||||
| 199,810 | 120,189 | |||||
| 199,810 | 120,189 | |||||
| Analysis by fund | ||||||
| Unrestricted funds - general | — "4 — " | 65 | 198,421 | 118,632 | ||
| Restrictedfunds | 1,389 | 1,557 | ||||
| 199,810 | 120,189 | |||||
| 10 Independent Examiner'sremuneration | ||||||
| Fees payable to the PCC’s independent | examiner: | .. | 2023 ■ £ 1 |
2022 £ |
||
| . independent examination of the PCC's annual accounts | . 2,970 | 2,025 |
| 15 | Fixed asset investments | ||||
|---|---|---|---|---|---|
| St David’s | St Michael’s | Total | |||
| £ | £ | £ | |||
| Cost or valuation | |||||
| At 1 January 2023 | 114,542 | 148,884 | i 263,426 | ||
| Valuation changes | 12,847 | 15,691 | 28,538 | ||
| At 31 December 2023 | 127,389 | 164,575 | 291,964 | ||
| Carrying amount | |||||
| At 31 December 2023 | 127,389 | 164,575 | - 291,964 | ||
| At 31 December 2022 | 114,542 | 148,884 | 263,426 | ||
| Investment by fund | |||||
| Total funds | Total funds | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| St David’s designated funds Organ fund |
23,263 | 20,525 | |||
| Fabric fund (curate’s house) | 29,412 | 25,951 | |||
| Pastoral fund | 8.356 | 8,284 | |||
| St David’s Institute | 66,358 | 59,782 | |||
| 127,389 | 114,542 | : | |||
| St Michael’s general reserve and designated funds Valpy French; general reserve Shared interest society: general reserve |
150,036 2,000 |
135,811 2,000 |
|||
| Fabric fund (Halcion Road): designated funds | 12,539 | 11,073 | |||
| 164,575 | 148,884 | ||||
| Total investments at fair value | 291,964 | 263,426 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 1 / • | £. | £ | |
| St David’s Gift aid |
- —1,149 | 1,015 | |
| Other debtors | 4,592 | ||
| 00-010///1//1//5,741/ | 1,015 | ||
| St Michael’s | |||
| Gift aid | 1 1 | 1,195 _ | 1,457 |
| Other debtors | 1,028 | 4,327 | |
| 2,223 | 5,784 | ||
| 7,964 | 6,799 | ||
| Cash at bank and in hand | |||
| 2023 —=E |
2022 £ |
||
| St David's | |||
| Main account Pastoral fund deposit account |
490 | 118,070 670- |
|
| Institute deposit account Transformation fund |
4,938 625 |
3,063 19,521 |
|
| Lloyds 32 day notice | 20,367 | ||
| Lloyds bond | 44,340 | ** - | |
| 114,066 | 141,324 | ||
| St Michael’s | |||
| Main account | 17,363 | 27.095 | |
| Deposit account | 1,205 | 35 | |
| 18,568 | 27,130 | ||
| 132,634 | 168,454 |
| 18 | Creditors: amounts | falling due within one year | ||||
|---|---|---|---|---|---|---|
| - | 2023 | 2022 | ||||
| £ | £ | |||||
| St David's | - | |||||
| " | Other creditors | 1,977 | 4,301 | |||
| : | Accruals | 9 "0 | 1,470 | 975 | ||
| 3,447 | 5,276 | |||||
| St Michael's | ||||||
| Other creditors | : | . | 6,263 | 3,137 | ||
| Accruals_ | . | 1,470 | 975 | |||
| 7,733 | 4,112 | |||||
| 11,180 | _ 9,388 |
| Movement in funds | V | V | ||||
|---|---|---|---|---|---|---|
| Baeee e&c***os |
ga. 44 WGGssw G* |
1 Maleweiinst*g, |
**. I- IMse |
|||
| 1 January resources expended 2022 6EE£ |
gainsand : losses £ |
1 January 2023 £ |
resources £ |
ex | ||
| St David's: | ||||||
| Transformation Fund | 17,962 | 10-- | w | 17,972 | ||
| Soup Kitchen | 2,127 | 40 (1,557) |
- | 610 | 40 | |
| 20,089 | 50 (1,557) |
_* __ | 18,582 | 40 |
| . 0 | Movement in funds | Movement in funds | ||||||
|---|---|---|---|---|---|---|---|---|
| ... 4 WOdtsdm |
Incoming | Transfers Revaluations, | Balance at | in | ||||
| 1 January 2022 | resources | . ' i | gainsandU losses |
anuary2023 | res | |||
| £ | £ | £ | £ | £ | ||||
| St | Davids - Organ Fund | 22,729 | (2,205) | 20,524 | ||||
| St | Davids - Fabric Fund | 28,740 | • | * | (2,788) | 25,952 | ||
| St | Davids - Pastoral Fund | 9,865 | 283 | - | (1,174) | • 8,954 | ||
| St | Davids - Institute | 70,774 | 1,825 | - | (9,755) | 62,844 | ||
| St | Davids - Roof Fund | 25,000 | - | - | - | 25,000 | ||
| St | Michaels - The Valpy-French Fund | 157,626 | • 4,096 ■ | (4,096) | (21,114) | 135,812 | ||
| St | Michaels - Dinham Road Fund | * | - | 2,000 | - | 2,000 | ||
| St | Michaels - Haldon Road Fund | 12,540 | 258 | (259) | (1,466) | 11,074 | ||
| 327,274 | 6,443 | (2,355) | (39,202) | 292,160 | ||||
| ' | ' |
| Analysis of net assets b | etween funds | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | Funds | |||
| 2023 | 2023 7 | 2023 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Fund balances at 31 | ||||||
| December 2023 are | ||||||
| represented by: | ||||||
| Tangible assets | 16,371 | - | 16,371 | 16,371 | 16,371 | |
| Investments | 291,964 | - | 291,964 | 263,426 | • | 263,426 |
| Current assets/(liabilities) | 111,446 | 17,972 | 129,418 | 147,283 | 18,582 | 165,865 |
| 419,781 | 17,972 | 437,753 | 427,080 | 18,582 | 445,662 |