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|||Unrestricted|___ _ ___ _<br>restneted :|Total|Total|
|---|---|---|---|---|---|
||-----------|funds ■|funds|||
||...<br>NOWS|2023<br>_£_|2023<br>£|2023<br>£|2022<br>_£_|
|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|





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||||2023||2022|/|
|---|---|---|---|---|---|---|
|||aI *<br>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|






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|Planned giving, donations and legaci||es|||||
|---|---|---|---|---|---|---|
||||**—**|—m|||
|||Unrestricted|||Total|Total|
|||funds||funds|||
|||general|||||
|-||2023£||2023`£`|`2023`<br>`£`|2022<br>£|
|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<br>59*9*** to<br>Non-recurring donations||15,270<br>463|||15,270<br>0463|10,962<br>3.145|
|Otheri||_*_||||40|
|||110,511||_°-3_|110,511|100,643-|
|For the year ended 31 December<br>_2022_|`TO`<br>100,603||140|||100,643|



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||_____ 2023<br>£|2022<br>£|
|---|---|---|
|St Michael's Lectures||85|
|Newspaper collections|120|243|
|Events and other fundraising|332|1.043|
|Summer fete and draw<br>2,653<br>Music1112,560<br>Organ fund1869<br>Other fundraising<br>561||2,860<br>390<br>1,134|
||7,095|5,755|





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|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<br>Kesteted|Total|||Total|
|||funds|funds|||||
|||general||||||
|||2023<br>GX£|2023<br>_£_|2023<br>£|||2022<br>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<br>_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<br>Music||||2,381<br>5,107||1,941<br>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<br>_■ £ 1_||2022<br>£|
|\. independent examination of the PCC's annual accounts|||. 2,970|||2,025|



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|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<br>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<br>Valpy French; general reserve<br>Shared interest society: general reserve|150,036<br>2,000|135,811<br>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|||





## 

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|Debtors||||
|---|---|---|---|
|||2023|2022|
||1 / •|£.|£|
|St David’s<br>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<br>_—=E_||2022<br>£|
|St David's||||
|Main account<br>Pastoral fund deposit account||_490_|118,070<br>670-|
|Institute deposit account<br>Transformation fund||4,938<br>_625_|3,063<br>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|
|---|---|---|---|---|---|---|
||||Baee*e <br>*e&c***os|ga. 44 <br> WGGssw G*|1 <br>Maleweiinst*g,|**. I-<br> IMse|
||1 January resources expended<br>2022<br>_`6EE£`_||gainsand :<br>losses<br>£|1 January <br>2023<br>£|resources<br>£|ex|
|St David's:|||||||
|Transformation Fund|17,962|10--|w|17,972|||
|Soup Kitchen|2,127|40<br>(1,557)|-|610|40||
||20,089|50<br>(1,557)|_* __|18,582|40||



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|||. 0||Movement in funds|Movement in funds||||
|---|---|---|---|---|---|---|---|---|
||||... 4<br>WOdtsdm|Incoming|Transfers Revaluations,||Balance at|in|
||||1 January 2022|resources|. ' i|gainsandU<br>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||
||'||||||'||



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|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|



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