The Parochlal Church Councll of tho Eccleslastlcal Parlsh of Salnt Mary Bredln, Canterbury Annual Reports and Accounts For the year ond•d 31 Decembor 2023 Charlty Numhr 1137431 Cont•nts Page PCC Innual rewt 2to4 Iml8pendDnl EYomlnet8r•p)rt at•rn•nt of Flr*n&•l 8M•t 8ta18 The Parochlal Church Councll of St Mafy Bradln, Cantsrbuiy Pag• 1. Annual report ond a¢¢ounts fol th• y•ar •nd•d 31 D•c•mb•r 2023 Tru$lg8s and Advlw• St. M•ry 8r•dln Churth ChurGh Offlc• 59 Nuhn•ry Fiel nl•rbury, Kent eT1 3JN rthrJhlp olth• P•roEhlwl Chuveh¢ounEII ¢PC¢I •nd QwiltyTrusle•¥: Incumbent and ￿ offlelo Ch￿rn￿￿'. Th• R•v•r•nd ¢•non Barnoyd• B•rry Vlc•lhalrnwn: Th• Rover•nd sto￿0n Cartor Churchw•rdqn& P•t•r Bobb RM•mHryWid• PwnW•b¥t•r IrHl•cted 20231 WeW•i ICo•t•d 20211 Prfnclyl offiu: Honorary PCC 8e¢rntary: IlonoraryTrnq8ur•r.' M•n4>•r$ 01lM PCC dublno 2023 ￿1•1# EX￿ffl¢l0 Ex￿clO nwmb•rn •le¢t¢d to Synod Th• Rw•r•nd Canon 8qrngy de 8ery- Incurthnl The Reverend Stephen C•rt•r-A8¥ocMte vI￿r Th• R•v•r•TrJ Joy f*Jnton-Curate Rawmiry W•d•. ¢hurr*￿￿¥dln Pat•r Bobb- C￿r￿m•rd¢rt Sirnon W•bTt•r- Treasur•r H8ry VAcéon&id IDb¢•san Synod) Samuel Lockè (Dioc•￿Th Syntsrt) Mlke Pott& IDéan•ry Synod) Jacob NlchoWJn IOIoc88an Synod) Lam IC•anwy Synod) El•Et•d PCCm•mb•rs prftsrto th• 2023 hlwnb•r¥ el•ct¥d al th•2023 APCM: Jam88Jirtle Laura Asfour Chbe 8a%ter Andy ￿ng Nedlne Wat8oTrC Sarah Gondors Zlc B•YAr•• ra Ov•rthn Adalutu Popoola Mlke Pott8 bers who rellred ot the 1023 APCM Angda ￿nd￿lY Tom ¢Jfoert [￿n CollSng8 M¢rnb•rsvtho l•ftdwlng th• Jvjr 1ndMd￿lIl •tt•ndlnq KC who hiv• hOWt• In d•clJlon rnthlry Pam WBbster- Honorary PCC S•crelary Bank.. Lbyd8 Ban￿ng Group PLC 49 High Street can1•r￿ry, K•nt ¢T12SE Ind•p•nd•nt Ex•miner Flatth•w8utton FCA Burge88 Hodg8on LLP Cimburgh Houu• Th• PaTo¢hl41 Church Coun¢ll of St Mary aredln, C¥￿terbury Page2. PCC Annual Report for the yeai ended 31 December 2023 Strnctu￿, Go¥tmtA%e Management The Parochlal Church Coun¢ll 1$ a wrrxiralo ￿lty 98tabl$hgd by the ¢hw¢h of ETrJlqnd. Under tho temB of the ParochKil oun¢l$ IPowi81 MegBLwe 1956 Ihtr Paffjchial church COLMI of St. Mary Brodln Ohe PCCI ha6 thtr F*6poll6ibiliiy of w-OPeMtlng Its Incumbent, thè Raverend 88rney d8 Berry, In promotkno In th8 p*l6h of St. Mary eredh Ihè whole mle8bn ofthe Church., paetoTrl. evawe116Ic, 8o¢lal and 8curnenl¢al. 11 the restonwbrfityfor mairterArKe ofthg grou￿8 wnd f4*rk of fv ¢kur¢h pren4¢M gr t￿ fvmrtLre, ftJmithhig$, eq￿p￿nt, ttc. the varkiu5 building50n the 8It. Day to day operBtsry Tronagernent ol the acllvitits k dtltgaltd by ￿ PCC to ts Slandlny CommliteÈ wlN¢h IB Iho tsn ¢orrmltt*tr requiffjd by law. 11 ha8 the powrlo Ir8nea¢l th8 b￿1￿6& ollhe FCC bth*en it8 m*llng8, $ubS*cl to sry dlredlon$ g￿en by the Co￿￿1. Th• Incumbenl. CMr¢hwarden•, HonowaryTreasuror. A88o¢Sat* Vkar. Cural# and up to or* els¢tsd m•n*ermak¢ upthl$ ￿￿mN1¢0. Th• Paroch4al Chuwch Councll and ChHrltyTruAlrK• The rnembE￿ ol the PCC are Trustees of the and are pspon6lble for £ompliince th le9l%hllon gjveming Thttern Including fe4hh4nd G•lety, 6•fegu#rdlng, dI$4bl￿ty dI%rf￿n9fjon, employment and IDAn￿al matters. MwnbershlpolthoPamchlaiehu¥ch ¢ouncll andcharlty Trustees M¢mbern Ort￿ PCC are either ex￿￿￿0. ¢￿ed 8t the Annual Pavo¢h￿l Chur¢h Meetlng in accordance wllh Church RepreBentation Rul¥J or co%)Fled. Thwe persono ￿Te r*rnbern of the PCC 4￿j are dixloeed on Page l offv Annuol R•wrt• and FInan¢￿1 Sl•ten*nh. Recrullment. inductionandtralning of Pec mqrnb•rs and Trust• A6 part ol ts appI￿alk)n procèss Pec Membe￿ *e glven Hn explanaJon of ￿ts1 It rneang to bo¢ome a PC¢ mprnber and Tnth¢. Th1$ Ind￿¢$ Trkny t￿ ¢hur¢h ha6 a PCC. what PCC for and wlh, PCC dots artd wthtn, ar¥J syhat qU￿lti￿o thttd qualiNcllllons a PCC Truotee reqiip* publ￿ boneffil Theeh*tywnilMthe$a wbK¢ ￿01Ften1￿86 derinèd by FRS102. A¢h￿¥*￿ents and perf0M￿te A brlef oulNn? of iheactivltieB undetsken by ihe organlBatlon IBEOtoul below wderthe h6adlng'AcUvlU•B'.These acuvltle8d￿oTr$trnt• It￿ awarerwolthe oflhe Cl￿TtyComM16s1orfts publi8h8d ¥uidartt on publ￿ 8enefft requlrement underlhe Char￿"#￿A¢t 2011. A'ufe atSM8' dDcumart made al the Annual Parn¢￿￿1 Chw¢h hleetsng orthrowhthe Church Off*8 wN¢h pro￿d01 K)F8 full d8tanB of ttt8 aohlov*￿￿t8 aNJ perlormancg of th? Chu￿￿ duriFVJ 2023. V0￿￿t￿l• Althe ￿art01Th￿Kh oflh8 work oflhè chU￿h I￿re Its a Iwge lo￿nd￿lon01vnQrouB£upp￿rt, hard work love whlch IB yplknd voluntarflyby mtmbers tsfthe conyregaltsn. ThID Is often eXF￿88ed h low I￿}urS spent Berylng In fsllowNp groups, In Outreach piogrwrnmes, In so¢181 a¢Ucfiwrk. wel¢omln4, 6tevArdlng, ièadltvj thlldren'8 Hnd yOLrth groupB. pfdyer Mae￿n99. training programm9• and olheroreos ofser¥l¢¢. A huge Ihankwu. woAte￿Id to 811 t￿68 ￿￿lI￿lyto ma(e thest ovenls Po￿lb￿ for b*lNJ the'Chur¢h Ulè, of8t Mary Brtdin. r VI￿on a8 a ¢￿J￿h eonInU￿ to be om in thlth seek rmre fully to,PFoc￿rn tho Good of Jes￿ Chrf6tlhroL4h aThJ acfjon.. ¢hurEh thnd•n¢8 8nrt Electoral Roll A El￿1•r•I Rol6 wa6eoMpll￿ In 2023and there 225 pahNcners reo)rded (tr22'. 22¥. The a¥8raoeweekty 81tendaneé eou duth)o CXtobor2023vwJ6 1W2 1ndWL￿& o¥èrtrÈ age of 16 P022.' 189 0dutt81 and 40 young ptr)p￿ uThlerlhe •g• 0116 {2C722 OyourvJ p￿p10). ylt Thè mainCh￿h a¢￿tte8, irKludiry vKrnhipandte4chtha geTrKe8, prastrmeetity, eourne8, frllovAlip groups and llochl actton, conlrujad throughoth the year. Commutlty eventstook pla¢tr itKfthJlng tt)0 annuol CommLnty 8￿On the oreen al Ro*ts In Winthèap, a'FamityFun Dal InlfrE Church oround& a Chriolmo0 10rrilyfilmand Chrf8lrrAs Ctrol 8ervM•, each ofvkdchvAgatten&d bymary ￿￿rnber5 ofblt kncèl ¢omMJruty. Thè Chltdren's'HolidayCtLb' ￿4% bw Inl1* sunThr. a tsenao8r6 ck*s Lfftrf l$v well attended durlno term IlThe and varfous and w)Llh gmup8 ¢onUnueto rurb. Member• olthe ChLKch remain Involved In many lrter-chur¢h prtsJ*ts IT￿lL￿41n9'. Trnffik, CanteFburyWd¢omtB Refuoe*sand Make Lunch mwi81ry. Thpchurch if4 PHrtnered with Ihe Chrf8ll•n$Au81n81 Poverty Debtcentre and wn50r a'dÈtA COAdV. The Parochlal Church Cauncil of St Mary Bredln, Cantertlury Page3. PCC Annual Report for the year ended 31 Dec•mber 2023 F￿￿claI ReviEw 012V23 Total rtcqtDts accounted for in the ￿ar￿re £584,914 of whS¢h £34.516wB6 ro#trfc*ed to •p2cified PUFpose• refie¢led In Ihe mslilLts¢J funds ueed to meet the ¢ostsoltfv)se puwo8es. Most of the restrrcled donabon5 wwe thfee¢6d Ioihe Ml88ion Specified ar￿ lothe Propety Developmènt Fund into ¥th￿h methrs oflhe conglegal￿n (x)nV)ue to ConthbU￿ lo pawng dovm the ￿r04dOM BankrTr)rtgaBe ttrmthelped to fin•rv Ihe redevdopment*nd oxlor*k* ollhg Churth b￿ding. £575,911 ynl to PrO￿de mknknty of81 Ilary Brfydln Churth in 2023, Inttludlr& £23,729 paid out ol r¢BtFktèd tsnds Thle gum ￿¢￿deS th8 p8ymtnt tsf £152.376 12022 £135,1WJI for Ihe Oioce8an P81ish Share ￿[ch provldos for tke ?lipend8. housity Iralrtrffj of fv Incumbenl and CLrate among8lolherlhlng$. ttlg t￿ pollcy Df tt)e PCC to Gommil for miselon grant purpoEeB IO% or unreBtrt¢ted planned gfvino 4nd ull6dltyM al soryices, excludng fv related G5ft r¢¢lalrfKd. In 2023 Ihl$ Pmvhled £32,997 fol utse lorally, d88whorè In the UK and abroEd. Addiro restri¢led dorolion$ ￿¢￿¥¢d for nI861Dn payn*nt purpo¥gs and part￿rgh¥) givlngt q total of £47.Wgwaa allocatsd to be pald Its oranis In rwpectollheyear. 7he has rn dW¢llon a• to PUfP06e to re$￿et$￿ fuTrJln9 Is put. fundG are avalliblè to IM¢ FCC a$ 11 tonBkJ8r6 app￿p￿ale ID meet <￿t6. Indudlrva ov•tr*ads, tho Tho¢e8an Par￿h Stroro and payroll eo8t6, and lo support thè varfouts 4dlvlttg4, rnlBobn p4rfn8TBwth **om the C￿r¢h hewaotd. UnrgBtrktsd volunlaryghl￿ lolaDlng £488.541 l•an ￿rea8*Ol£32,S10On thal rtt*ved In 2￿22. Tlrts ￿Ude&l5422S giftatd ¢&kned ￿mth0 last4 year&oldonalbtinBofa ¢ouTd giftald now and £2.015 interest p8ld by MMRC OF) ￿8aMO￿t. W￿￿L￿th￿ generouogiving, trè Pccwould have been unaWÈ to fund the act￿Me4 olth• Church In the wty itwas Rble to d¢ In 2￿3 £23,729w•i p4ld oulofre*thd fund6 durfngth• ￿T. A¥wrtharyofth8$8 pa>Tnerttr* dI￿olled In Note g ts the aceounts. Pl•nA for futur•porknd Tr*èbie¢fve8 olth2 Pcccortlnue th be to YKrkand teNe In the parflh artd theatyofcantffburyhorderlo'Pr￿lrnthO Good NgwB ofJ88￿ Chrf4tlhrouahwJrd #nd adk)n'. R8¥èrvtt and Inve6tmeni Poll¢lo8 Thtr PCC r￿9￿9d itts RetseiYÉJ Polkydurnu >Ear. 11 Islhe PDttty0fl￿ PCC, partlcularfy inviewolhavln9 a numberofalaff on permanent controtts olenybymerrt, to malnl4n cash leger￿ of•ppFoxbmatÈty￿.r￿ at ono timeto ¢OV8runexpeel*$ 8¢tual￿& ltsl could ￿ad to a ¢aBh flow pr￿knm. Thatcrftohonls Tht. Al the of the nnand81 yèar the PCC held balar￿9 of£28,415v*th Thfj chU￿h of Eno18nd Dqpo6tt Fund Irdudlry tt)8 rB6lrfcted flOy4￿ InveEtment lund. InBome Irom is thed fui th¢ Prov1￿0￿ ol flowerB Inlhe church. There ￿ olqo g unl Ilnked Investrngnl, the bal8n¢o olthl¢h*t&rthat£46,186 Th• P41￿h1o1 Church Councll of St Mary Br•dln. C￿t•rtsUry Page 4. PCC Annual Roport lor the year ended 31 December 2023 st•t•m•ntofrwp0n•￿1tt1e*ofthe PCC m•nb•rn Th* PCC nwnbom *r• m•poMlbl8 foi8rwurfr#J Ihatth8 ann￿1 reporf6and ts aceourt8arg pr•parqd In iccrydAnc• vAlhIpplbx￿• warbj regUK1￿0n14nd KrvJdOmA￿un0ry St•nd*Td• IUntt¢d ￿n￿d0M Gbmr•lyAct*p￿￿ A¢*O￿t￿ PrAdlcel. The lawappllt4Weto ohadlS••kn ErvJl•nd •nd W•lq• rg4ulru lh• PCC •rrf•w• t1•t*￿￿mI *r• pnparnd loreaoh Nnanehl y1arwh1thg￿ • tru¢ •nd hIr¥￿￿of1￿ •tste •f*flair6aIl￿th*tyar￿ oltho In￿M￿l retourcè6aTrJ •Fylkalbn 01T•WU￿$ oflh• ththrtyfcrtr￿l ptriod. In prwrfng •wunth. th• PCC mmboM•re ¥•qulrédto'. - •KounllnB pJlld•••nd Ih¢n IPp￿them(0￿￿tWth', - c*¥•rvo Ihfr m•tbJd• and P￿rK1p￿11nth• Charfl¢• IStal¢m•ntofR•comnvJTrl•d Prnth•l,' . mlkèludgomnts Ind accou￿n9 ••tlmateeihataf• ieAÉoMbl• and prudent., . thi• ththtr•ppl1￿¥ts UKAcc*thlty St*nd*rd& hln folkny•d, It￿lettr￿anym1tOrfII dAparturtt dl•elo•èd •Kplih)8d lnth•aeeoU￿ and - p￿￿r0 ir*aLmts on* eonEem bull IMpyoprfit• &) Ihalthè ￿ntIfI* In oporatlon. Tr* PCCm•w*ern •r•re•pon•Sbl8 for keepln9 •dequot¢ •¢C4)unllrvJ record•1￿ are luffl￿ent￿l thow•nd ￿p￿In1h¢ th•rW• roKllpn••nd dl¢¢lpw th ￿l￿n)ble xpJrnBy•t•nytim¢the fin•rKi•l po¥thon ofthe c￿lIty¥nd ?n•ble Ihwnlo ?n•￿t￿tth1 att4unts wkh thè CharfU88Act2011, tho CharftylAcuwl•and R•port61 Rag￿81￿￿, •rAt￿ Pro￿￿0￿01￿* Iruot d••d. Th•y •r••kn rwon$Sblo tor￿119￿4rdIn9 thp aw•t•oflh¥ th•r4tyand h•rK• forlah1rvJ rgaoonablo *ops lor1￿ PT•¥•nlon d•tecYDn ol Ir•Jd •Traolh•rlngulartt*s. At thè dth of•lanSna r•potsandaeeourt•, thè •Y• n*alffn*ndal urt•rt•lrtkil•bo￿ th• PCQI •bllit+to conUryJeto 0￿¢. •n ¢wl•r ￿lI1•V￿41) Daknd.. iJ'"41irf z661 The Parochial Church Council of St Mary Bredin, Canterbury Page 5. Independent Examlnefs Report for the year ended 31 December 2023 I report to the Trustees on Iht accounts of the chaity for the year ended 31 December 2021. which are set cKrt onpwes6to 17. Rospe¢tlvt rwpon8lbllltS•B of tru8tees and oxamlner The members of the PCC are resporBlble for the preparatSon of the a¢￿unts. The members of the PCC oonsider that an audit is not requlred for th1$ year uThJer section 144(21 of the Charities Act 2011 Ilhe 2011 Acfl and that an IndepeThJ¢nt examination l¥ ne¢d&l. It is my responsibility lo.. exambne the accounts under sectlon 145 of the 2011 Act., follow the procedures laid In the general Dlrectlon8 given by the Charty COMI￿8850n urKler section 14515llbl of the 2011 Act", aThJ - stale ￿ether particular matters have ￿rne to rny attention. BaBl8 of the Independent Examlnerf8 report My examination was carrfed out in accordance with the General DIre¢tiO￿ glven by the Charlty Comm1881onèr. examination includeB a review of the accounllro records kept by the charity and a ¢omparBon of the accounts presented %%41h th08e recor(ts. 11 a180 indlhles conslderation of any unusual r(ems or discltx8ures In the accDunts, and the seeking ol exF4anaIior￿ from you as InBlees concerning any 8uch matterg. The pr￿AdureS undertaken do not provide all the evidence that would be required in an audit and, ￿seqUentlY nl) opinlon 15 given a$ to lthether the accounts present a Irue and lair Vie￿ and the report is limrted lo thc¢e matters set gut in the statement bokJw. Inde￿ndent Examlner's slatsment The charityb gross income exceeded £250,000 and l am quaIffi￿ to undertake the examination by teing a qualified member of the A880dation of Chartered Cè￿"fièd Ac￿n￿ntS In cMne¢tlLI) vlth rny examlnali¢M, no mattèr come to my attention.. vh'ch gN8s me reasonable cause to believe tha( in any materi?1 re5￿Ct, th• requirements.. lal Ibl to keep a¢cwnllng records in aceordance wih sectson 130 of the 2011 Act., and to prepare accounts ￿1¢h accord ￿th the accounllno r9cords and comply wlh the accounting requirements ol the 2011 PKt, and the Regulatlons", have not been met.. or to ￿lCh, in my opinion, attention shoukl be dravm in order to ena￿e a proper understandiw ofthe accounts lo be reached. Matthèw Sutton FCA Indepgndpnt Examiner Burgèss Hodgson LLP Chartsred Accountants 27 New Dover Road Canterbury Kent CT13DN Dated: 2. 2 /c)¥1202¢ Tha Parochlal Church Council ol St Mary Bredln, Canterbury Page 6. statement of Financial Activltles For the year ending 31 December 2023 un￿ll1CteII Restrlcted Elldowm¢nt Funds Funds Funds Total 2023 Tal•1 2022 Note8 2 INCOMING RESOURCES IncoTning resources from generaledfund& 21al Voluntary Income 21bl Actlvities for generatlng hJnd6 Income fiom investments InEoming resources f¥om chanta￿0 a¢tiviti88 21dl Church activities 21el Other incoming resoureea 488,541 32.703 3.599 34.128 522,669 32,703 3,988 480.348 29,739 1,￿8 388 25.555 25,554 56,231 TOTAL INCOMING RESOURCES 550,398 34,516 584.914 567,324 3 RESOURCES EXPENDED Cost of generating funds 31al Cost of genèration olvoluntsry Income Ibl Fund.raising costs Charital￿e aebvits.es 3(el Chur¢h a¢lvlles 31d) Goveinance K6ts 9,8eo g,861 8,793 539,519 2,802 21729 .248 554,871 2.802 3,044 TOTAL RESOURCES EXPENDeD 552,182 21729 $7S.91t 566,708 NET INCOMING RESOURCES BEFORE TRANSFERS 11,7841 10,787 9,002 815 9 Gross transfers betwe•n funds NET IOUTGOINGII INCOMINQ R&8OURCES BEFORE OTHER RECOGNISED G￿Ns AND LOSSES 11.7841 10,787 9.002 615 Othèr i•cagnlsed galnsllosses ILossVGain on revauation of investments 2,599 2,443 S,042 113,2301 NET MOVEMENTIN FUNDS 815 10.787 2,443 14,044 112,8141 R•conclllBtlon of fund$ Balances broughtforward 1 January 20rJ 726,988 25,971 7&2,425 775,038 Balances cairknl farntaril 31 Dectsmber 2023 727,803 20.252 2&414 776,469 7S2,424 The Pam¢hlal Chur¢h Council of St Mary Bredin. Canterbury Page 7. Balance shoot As at 310ecember 2023 Unrestrlctsd Restricted Endcwment funds funds nds Tot 2023 Total 2022 Notes FIXED ASSETS Slal TanglLle 51bl Inve8tments 69).178 48,185 890,178 76,599 713,700 71,558 28,414 738.￿2 28.414 766.776 785,318 CURRENT ASSETS 8 OeL*or8 Short term deposits Cash at bank and in hond 39,881 202,721 51,273 39.881 202,721 12,493 21,587 29),870 293,875 21,587 315,4K2 303.363 UABIUTIES 7 Cie¢Jltors- amounts IAlllng duè in one y?ar 44,515 1,335 45,850 S7.807 249,359 20.252 269,611 245,555 Tol81 as¥ots 108s currenl i?athlrtie¥ 987,721 20.252 28,414 I,0￿,388 1,030,873 7 Cre¢thtors- amounts falllng attar one yegr 259.918 259,918 288,449 TOTAL NET AsseTS 20.252 28,414 776,469 762,424 PARISH FLINDS 9 Funds 776 470 Approved by the Parochlal Church Coun l on and slgned on Its behalf by: Webster y Tr•asvf•rl phen Garter IAsgocEate Vkarl The PaTochlal Churth Councll of St Mary 8redln, c￿terbUry Page 8. Noteg to the account For th¢ y4ar ?ndlng 31 D8G¢mbgf 2023 1. A￿￿￿tIng pollel ol St4tementolCornpll4nc• rh•s• accounts hov• bo•n F¢gPAr•d In complanc• wfth FRS 102, The Fhonclal Reportlnll Standard app1kAbl• Inlh• UK dnd th• RopuNc ofir•lon¢f. th• Slatsmenl of R¢cofflfflended Procllco appllcablo to thaT￿e¥ pr•wlwth•ii in Jccothnce ￿1th Ih• FiMDGial R9po￿Trust•￿￿Urd appli¢wblg in LK nd th• Rgpuwr of Ifgknnd IFRS 102)1(knibrys SORP IFIIS 102)l andth8 Chorth¥A¢t 2011. bi e•¥ls of pr•p•r*tlo uccownts have bgBn pr•paMd ontFB hL%lorPulcost ba515. lorthg WdluThllon cl IrMoStrnentas38ts, Ich ar• 9hovén al mofkatWdlu•. ThA rLewunt9 Indudo 011 tranGadlon5, AsSetsar￿ for￿￿hthé PCC Is r£6P0rn51blo In kw. T￿Yth Mt Indudetho Accourrts olchurch groups that OV￿ th91rarnl￿tknn to anothqr boty, thos¢ thol aro &ilornul goth•rlngG of church mombers. Th• accounts arè wopar4d I poun& 51&r￿.WIth￿1s Ihe frJnctknnDI CUr￿rKY0l the erlly. ¢1 OolngCOIICqrn Tlw4 4r• no rnat•thlun¢•n*irth$ i￿1￿11￿ abltyto ¢•rthu•. d) ￿￿1￿￿￿nI* and k•y ¥ource$ of e*tirn*tion Uncert￿￿ty Thè pTrp¥ralbD oflh? require¥ lh• Pccto mako ju&Jernonts. 03ttMal•s ardls5umpt￿r¢st￿8t •mourts wportfjd. Thè8• fj¥timaie¥andI￿IY¥M￿rts ire SQnlirNaly und ar• on &yperhnce and oth¢rf4cior&, I￿1￿1￿n0 •xpK4*lhn¥ 4fiutur• ¥¥fjnt$thul *[• bd19￿￿ ttr bp ro#sw*ble undèrthe clrcum&tsnw. •) In¢omlny r•*ui¢•¥ Phnnid uNirf. GoloGlhM lrddonalions llie r•Gogriaedthen reCe￿ed. Tax ref￿d& ar&Mcogn￿&j thp Irwmino ifjsour¢* thoyrehle is McoNed ￿lesS nDIffiGikn7Th of thè entiilementis Trot rncefved In time for this to be ProCe￿d. Grnnt8And io¢rsunI￿ PCG l$lBg*lywIk￿4tQ th amoMts due. Clvldè￿? and Intsrest Ar¢ ocBourted forvdhBn feceivtitrle. IwmÈ r¢tsllng Io PrnMIs*s tbDBs ieEvgn￿d then ooch ￿ttinll is Mrnplotsd. AN other income recognmed %%befi1119 r¢¢8￿￿￿. Al In¢•rnlw thi• th¢e•￿ted torgro￿. R￿￿r¢￿+xP•nd•d Gronts and dofiollons areaccount4dknYkn•n MrdAd Vlh¥t £r••t•$4 tlnthrvj u ¢•n6vurt￿e 0￿19al￿n on the PCC. Th•dknce5an ￿rIsh shBro Is ￿2•117t•d lor wh•n duo. All othtyr •xpryndRui• Indudlng attrIb￿￿￿evA1 ￿ generally r4cognks•dknth•n kncum)d and L% accounl•dl¢r pr￿. Pu￿01 cTh* ar? •kGatsd lo th• appwriate oc¥vlty. Support ￿YrOll costs an&othorsupptsrteosts &r• Al￿P￿t4dtts 4tbvttb¥ onthfj bw$l¥4fg3tirnated limg ¥p•ntonlhal partlcukr llctmty. Gov•1M￿¢t4￿￿¢￿th coth os50clotsd￿7lh Mee￿n9 th• conjtttulonol swtu¢•ry iequlrgm*rA¥ ¢fth• PCC nrdIn¢l￿I8thfj IndvpThl•ntExthmlMf8 lee Jnd costs Ilnlod lo th• strategk mon*p•n•rtolt The Par¢xhlal chU￿h Councll of St Mary 8redln, Cant¢rlJury Page 9. Notss to the accounts For the year endlng 31 Dec•mber 2023 1 AccounOn9 pDlkl•olconOnw4dl g) T￿gible fixed aasels Corrde¢r&t¢d ond b9nèficè FThPgty Is Mt Ir*bJ￿￿I)th8 In•￿￿danC• wlh secODn 10 0{a) dtha Ad •vable ehurch fvr￿sh[vVJs h¥kl by IhF in￿rn￿nt thu￿hwardVThO on specMI trust l¢r I￿ and whkh a la¢ulty for dmwsal in￿le￿b￿ wopety, I￿t*￿ In th• ¢burcW¥ irwgntory, can te hpectsd on request al any reatsomb￿ Vme. Inthhlual o$59ls•r rglwAnt Wupg ￿*$$*￿ ￿th a puitPAsq ol rnoro IFAn £1,fpJO * str•W.Ih• sb. Futniturfj is d￿￿￿*•d over 5 yoai8Jffldt¢chnclOwoq￿pn￿fil I￿lu￿n9 aUdwV￿u•1, prfniorsl Ls Jlding5 and bu1￿1n￿ Improv•m•nls, spKllkally tho Chureh c￿￿•, bndall Hall and rosthr￿￿1 propBrty, aro dèwd*t•d •v•r ￿ y•ats 1￿M thg dlllo of ￿m￿et4&n or llcqul￿￿OTr. Othw 99$•ts 4r• d•pr¥l#t￿ w•r u pwlod b•ts*•n 10and 15 y•4vJ. h) hbv•stm4nts Inveslrnonts hold 43 Ilthd 0554ts aro r•valu#d at th# bahn¢• dHl&. R•il*od urrfoollud go￿5 ond b)s589 on Inve5tmorts are lak•nto Ihp Stalgrn•ntof FknAnClaIAc￿W￿•$. Fund• En£￿￿¥￿￿ Funds lty￿$. lh• domgntofwth¢h mwt b• Ma￿tained.. orty i￿Orne •n31ng from 11￿*9*mOnt olthè rnay b• uséd 41th•r •¥ r•svw•d or unm$ththd funds dewnDYng upon purpDSQ loi *tiich Ihe ¢ndoYrnenl R*¥frkt*d repr￿￿1 141 IrKomF fti¥n Iwsts or gndoyrfnonts wN£h MBY èo ￿pended onty on thos4 r•strktsd 04ods pro¥ldèd In th• 18rm9￿￿O trust tsr ￿9￿St. and Ibl thr•lorB orgrants rgcthbved lora sp9cfflr obloct or hvled tha PCC foi a Tho fvnds rnay bo eyp&nd9d only on the spoBlnc ol.ocl for Ih•y woro Iv•n. Any bAlanro r•rnain5ffj Un5pBnt &t thE énd of each y&*i rBquit•d ta b8 carri8d loward as a balanc8 on Ihal lund. 11 Is mt norm£1 procuce for the PCC to Invest 5qpalBiety lor fund. Int•Tq5t Bpneiatsd by hobJinB tha58 Imd¥ is vfjry ¥rn411 arA no alh)GaUonof Interest iecefved ks madeto Testi￿lett runts. ib•wnJfedFullth ai? funds set aslde at a pe¢ rn¢etSng out ol uireslikted g•nef&l fuTr* SPe¢W￿ fL*ur* UnYea1rtrtedFi￿MIS gÈn¥￿ be uséd fr* noimil thui¢h tyc1￿1￿$10rth￿h th• PCC l¥ M$wMlbl•, n¥ion ¢v¥l¥ PCC ¢onlDbutq• tti B Oqfinud c¢nttiknrtk)n 9ch*m9 foi PfjYrnan¢rt •mpkygo¥. C•nlrihAp)rrJ to srhm AF¢ Chrtro￿ to the Stsl on behalf of employeeswho have not opted-oul of Ihè 8chtrmè. Of Ihpse w)lrfbuiions no arnaunls remainfjd OLA￿anding Nl I year end12072. £Nil l. ThE inrumbenl, associale wcar and cur•le 4re remweraled by the Dkncoge. Part of the D*?cosan pgrk8h share discloxed above conliibuteB towards the cost of the incumbent and ojrale. No tnember of staff earned over £60,(m duriro the year12022.. NO￿ l. 4(bl P•wh•nls lo PCC Memb•rs R•lat•d P•rtles No membar of the PCC r8cdved ￿mUneration or ber*l1ts In respect of Ihelr 8arvl¢e8 86 of ts PCC durfng the ye8r { 2tr22.. None l. No PCC rfwnbers were reimbursed expenae8 duriw Ihe year othar Ihan for opemllrvJ co8t8 Incurrthl on beh4Kof Ihe PCC I ￿.. £None l. A payment of £500from the investment fund was Thade, to 8 company wlvjm a PCC rmmber wthsfor, in 18lalb)nto administrating Ihe inve81ment with QuiN8r (was Old Muiu81 Wealth). Usa of the Famly Fund ￿ 81 discr8lion olthè incumbent and churchwarderB. There wats £733.10 available In thi& ftJNI in 3)2312022 £762.50) and £43 was paid out of the F8mlly In 2023 (2022 £￿.401. No payment8were ffl4de to indiwduals relat•d to PCC members12022". £Nil l. The Parochial Church Council of St Mary Bredln, Canterf)ury Page 14. Notes lo the accounts For the year ending 31 December 2023 S. FIXED ASSETS Bulldlngs & Improvement• Furntture & Equlpm•nt lal T8nglbl• Cost.. At 1 January 2023 Addltions at eost Dlsposals Al 310eurnber 2023 Total 1,067.0 761 182,007 2,4(M) 1,249,043 3,161 1,067,797 184,407 1,252,204 D•pr•Cla￿On At 1 January 2023 Aecumulaled depreciation on disposals Cttoige for the year Al 31 Decfrmber 2023 356.103 179.181 535,283 28,743 360.239 181.788 562.026 Net book valuè At 31 December 2023 687.556 2.620 690.178 Al 31 December 2022 710,933 2.827 713,780 Th¢ bull¢ings compr￿$ tho ¢ost of improvements to the Church building, thg co$1 ol the Link and ChuTch C•tttro, the c05t of Kend811 Hall, thè cost of land on whi¢h the Kendall Hall stand5 and thè cost of resldential accomrrK)dation for use by the Associate Vicar together with the Cost of impmvements to those Properties. The PCC holds In trust lorth• Dlo¢•s¢ of Canlgrbury, tho Chur¢h bulldlng and land on whlch the Chur¢h bulldlng. th8 gardens. thé car pat1(, tho Llnk and Church Cantrè $t8nd. Th4 PCC 1$ ro$pon$lbb for tho maintsnanc• of the grounds and fabric of th050 premises. Tha r•$id8ntlg1 a¢¢omnyJdation pur¢h4sed for use by the Assoclate Vtcar Is held by The Canterbury Dioc*san Board of Flnance a5 Custodlan trusteg for the PCC. The PCC is responsible fc¥ rraintenan¢g of th• grounds and fabrie of thls property and a150 for th8 council tax and wgler charges. Ibl Inv•8tm•nts of Market value 1 January 2U23 Revaluation gainlllossl Market V8lue at 31 December 2023 25.971 28.415 Thè investment ¢onsisl$ of 1,257 income shar•s in th• CBF Chureh of England Investment Fund. athét value 1 January 2023 Rèvaluation gainlllossl Mark•t valu• at 31 Deeerrber 2023 45.see 2.599 48.18e In 2020, the PCC purchased an Inv8strnnl in a ptsrtfolio ol urlit twsts on the Old Mutual W•atth platform for £50.OLX). 11 1$ now called QUI￿er. Pag• 15. Notes to the accounts For the year endlng 31 December 2023 6. DEBTORS Unrestrleted Rè$trt¢tod Endowment Fund8 Funds Fund¥ Tot81 2023 Total 2022 Glft Ald tsx réc0￿r8b19 Debtors Accrued income Prepayments 7.095 92 7,095 92 6,071 591 32,695 39.881 32,695 39,881 5,832 12,493 7. LIABILITIES UnMstrlct¢d Ré8trlct•d Endowment Funds Funds Funds Total 2023 Total 2022 Craditor5- arnounts falling dug ln one year Trade Creditors 7,193 other Creditor5 8,240 Loans Isee bolowl 12,600 Deferred Income 7,690 Accruals 8,792 44,515 7,193 8,240 12.600 7.690 10.127 12.862 750 12,600 1.335 1.335 45,850 57.807 cr￿ltorS- amounts falling Alter one year Loans ngdom Bank LIM￿ed Church renovation R85idenlial accommodat 31,464 241,053 31,484 241,053 32,352 248,695 Included In Èmounts falling due withln one year 112,6001 112,8001 112,6001 259,918 259.918 268,449 A Kingdom Bank Limlled loan to finaTrce part of th8 church premisgs ienovation 15 repayable over thirty years frorn 2008. Interest is ¢hafged at 2.5% over bank base rate16.15% as al 31.12.231 and the loan 1$ secured over freehold property con51Sting of the Kendall Hall and garden$ owned by the PCC. During the ytar £887 of thls loan was repaid from regular nv)nthly paymants. At the yeai 8nd date the balance of the loan amounted lo £31,464 Thè h¥0 ￿ngdoM Bank Limited loans to finance the rosldential acc0mnh￿a￿0n aro rèpayablg ov•r 25 years Irom 2016. Interest on these loans is ¢harged 013.5% over bank ba6e rate17.75% & 8.55% as al 31 12.2318nd the loans are secur8d partly over the freehold property of the house and partly over the freehold property con5Isting of the Kendall Hall and gardens. Both properties offered BS 58curty lor the loans are owned by the PGC. During the year. £7,641 of the loans was repaid from regular nTh)nthly repayments. At the year end date the balance of the loans arnounted lo £241,053 Aceruals were lower in 2(f23 due to having paid out nK)st of the mission glving payments berfore year end. The Parochlal Chur¢h Councll of St Mary Brodln, Canterbury Page 16. Notes to th• account8 For the year endlng 31 December 2023 FINANc￿L INSTRUMENTS A$s•ts'. 2023 2022 Cash and b&nk balances Debtors and gift aid re¢¢Mrabl• 275,581 200,870 282.788 297.631 Lkqbiir- Fixed A88et F￿d Property ReseNe Fund Cantsrcare hrtèrcy Minlsth•• 4ce.zJe 76,541 (24,1381 8,529 39).629 76,541 880 726,967 550,397 1552,5581 2.599 Balance Incomlng Resource8 Capltsl R•$our¢•s Exp•nd•d Rfrpa￿•nt R•valuallon Galns Balanc• at 31 2023 1 Jan 2023 R•strkt•d Funds: Chiklren Youlh Flowers Revenu Misgon Family Rel￿f Proptrty DevebMn•nt SMB Groups Uganda FI8￿ Trip R6galh & AttsfaLts P88b)ral South Sud*n-Juba Ple￿Y Mi￿$1￿0 1,250 1.750 2.¥24 2,882 1.110 733 1.233 186 (3471 113.4461 1431 12.961 5.073 168 1,226 11721 4,rA59 13,811 ,721 7,949 9,466 34,516 123.729) 20,252 Endowmeftt Funds.. Flower fvnd 25,971 2.443 28.415 Total Patlih Funds 7ff2,424 584,913 1576.2851 5.043 776.￿5 DMlgnat8d Funds: Flxtd As$•t Fund The fixed assetlutKI r8pras8nt8th8 n8t bDok v81u8 of property ftted a￿t81￿$S any So￿red103r￿. The tran8f•r ral8ts8 b) adju8thontforth.xed asset additio￿ gnd thB llDrtgago rgrAtd durfng Iho Property Reswv• Fund In 2018. the PCC deggnatsd £91.011 *)w*nJ& o)8ts of an 6Xtsn￿On to tha Old Dover Read entrance kn tho Chureh p￿MIseS and surveywork to m8etthe oosts of design gnd preparakn'on work forthis proieet £8,244 w4$ •pant in xi19,£2,781 kn 2020, £3.445 in 2021 & nothing was 8pont in 2022 or2023, Thi8 l•¥v•¥a bgl•nL¥ of £76,541. Merey Mlnlstrbes In 2017 lh8 PCC dB81gnats 10% ¢1 tho ￿17 Unroslrict•d Gift Day donations, •x¢ludiw Ihe &ttAIJ coveraFAe, for tho Mor¢y Ministries. Tha86 funds ar• ulili88d a6 tho PCC dreciB to SLPPOrt th0fj0 ninlstr10S. There i&£890.28 bftand nor* was u88d ye8r1£2,S]O in 20221. Th• Paro¢hlal Church Council of 81 Mary Br¢dln, CaDt•rbury Page 18. Not•$ to th¢ accounts For tho year ondlng 31 Do¢omb•r 2023 g. PAR18M FUND8 loMttnued) R••ld¢tsd funds: Chlldr•n Afund to r¢M1￿ donolonoty •upportminl•ty to ehlldr¢n. Youth Afund ts r8caSvo dornlon8to wpportmlnlsty to youn9 F4OPk. Flovmrn R•v•nu• A fvnd to rer•iv¢ th• intsm•t frDm thp FILwer EndDwmpnt Fund. Th1• h uwd b) 4UPPOrt th• wovltyon ol flO￿Th In tha ¢hureh. Mli#k*n 8p•¢M•d Tha99 fundg Aro r8cglv84 from doDor8 who op8¢4fy th• MI9￿0n wrther tr¥ lthom th• fvnd• tr* b8 g1¥￿ ov•r th• ¢our* olth• fin•n¢l*l y••r. FamllyR•ll•f A fvnd •v•ilabk• ID ￿ incurnbvnt and ¢huT¢knThrd•M to provKh ¥upport ol th• ¢hurth f•mlly •xporienco flngndallydlffKuttlm$. p•rty D•v•lopm•rt A lund cont8lnlry money given forbuilding projects and repqymantoftha A88odatsd lo•n. 8MB Gr¢up¥ Alund ts rncolvo donAlon8 by SMB groupl lor ml•don Uqanda Fl•ld Trlp A fund ts r•¢eiv• don•lJon• ts •upwrtl••m• wh) workwfth J•nga in Ugwnd#. R•galkn 4 Art•la¢t• A fvnd ts rec•N• donHtion• ts purcha5• roligious r•galia 8nd art•faGts. Pastr)ral A fund to rgoolvg dongfjoro to •upportth• p48tsr*l •¢Iv￿￿ o1th• 8outh 8udan- Juba A fund to Tecoive donalortrl to 8UPPDrt•duc•l¢n th In Jub•, South Sudan. M•r¢y Mlnlstrl•s A fund ts re￿1￿ donation4 tr Sup￿rtth• marcy ￿nI41n•8 opar•tsd bythv r¢ngMgation.. ChrT•ti•MApin•t Poverty. Mako Lunch gnd Stsp Tr•ffl¢. 10. FINANCIAL ¢OMMITMENT8 Th•r• ir• no Fln*nd*l COmm￿rnt• 8t 31 O•c•mb8r 20ZJ12022.. Non• l. 11. EVEp¥f8 BEING CON8IOERED 8UB8EQUENT TO THE YEAR END Th• gon•rnl condilon ofthe Kendall H*ll ry•mh•• to caum trJnc•m and 8bJnlficafitrylrco•ts mly n••d ID b8 mot in the next 3 ￿gra. Th• P•roBhl•l Chur¢h Cwndl of St Mary Bredln, Cant•rbury Ap￿th￿bX l. Detalled Ur*r•strlctsd Fund*- R•Souv￿￿ Expanded Analy919 For th• y￿r endlng 31 D•c•mb•r 2023 T•t41 Totsl 20 D•t•ll•d C￿￿￿bleAc￿￿tyCO￿t￿. PKi¥¥l¢n*4inQ nl$ty- D*G•s•n P•ri*hShu• G•nv•l mknistry¢o*ts Mlnlslry co*•- F••¥ shr•d41thOI￿￿• Mini81ry co*B. DkncfvNpYMr¢•a¢s Clergyexponao PDfJDnty• hDuae8 COSto AssOC￿tev￿Clrer￿FI0ym•rtM*ts MwdK CO¥t¥ Upk••p•fsw¥k•¥ Upk••9￿¢￿￿r¢hYard •v•nts chI￿ren •ndYwth IL*￿1￿J*S Mll*r Aplll 152.378 13S,I 974 14891 142 12,073 1.071 3.732 3e,016 44013 2.119 1.244 14,17S 50.417 7,273 1,278 DIr•EI￿￿0fe￿nt* •ilv D•i•ll•dOwih•ad rp#i• R•fLV• *ndw4t•f ¢¢¥t• IMUTqnC• COSt8 ehctrlcity•nd c￿t chU￿h ind C•ntr• mimr r•pks 5.421 6.870 22.887 2.752 2,6 2,913 3,99) 3316 13.444 Sloff iT41nk a18 T4h7phon• OMc• 4qulpmprf rMlrt•r•nc• ITgJpwt W•bsh• and ITc¢Mts FtrAIuFe. fllthys •nd owl￿•￿1 rnlnur Bwt* *nd ¢i•dl¢ird Gharw¥ Logn InMr•st F4 Effl￿￿•4 $￿¢#¥1* R4cwlrn•rrt coslg Ir*•pBndent Ex•mkn•rf4es eojts ¢on8dtancy Fo95 chU￿h &nlie &f•rm sy*em SLwdry•xperA•5 2,612 10,178 12.181 147Ae8 17,212 183,223 187 DO￿¢1￿0￿. Pr¢p•ty DopMclatlon- Purnllur• ord F D•w•¢i•V•n- QYfi¢• Equlwmnl 24.1&9 24.ns 1.670 2&7 TOTAL RESOURCES EXPENDED pv 1101•3 10 Fln•nel•l Sl•t•m•DtI Tho Paro¢hlal Church Councll of St Mary Brndin, Cantorbury App•ndlx 2. D•tsiled M199lonary and Charltable Glving Analysls For th• y•ar •nd•d 31 Doumbor 2023 Unrvtrlot•d R•*tr1¢¥t￿ Endowm•nt Fund• Fyndi Futsd• Y¢A•l 2023 Tot41 2D22 Re80URCE$ EXPENDED INFORMAnON Ml•slon•ryand oharlt•bl• gMDq: Supportof D & U DT•W 8upport•f L & O Mu•r•o99 SupportofG & 8 V•n•bl•s Supporttsl M H#yt•r Suppjrtof Juba School SuppJrtofJengR Supwrtof R Hondarstsn 8upFOJrtof S•r•h & Joo HArvay 3,500 8,soo 1,$00 4,500 3,500 5,120 1.500 8.175 4,050 1,620 3,675 10,708 250 1,870 2,801 4,350 1.500 2.927 2,875 5.802 ACTS 435 AliAmbLd•n Bi•hope ¢oll•thn Cantothury SchoolsWork•r CantsTburyW8lcomo8 Refugo8B ¢harma1n8 Muir fu￿re mini8ty Christ Church Chri&b*n Union Famlly r•M•f Fri•nd• IntorrAtion•l GE TayloT J•nou UK Lucy Pr••ton Mu*G. thum W￿D￿nd Ruth Rgdl•y CMS Tinw Out U¢CF- E¢URRYER Uo•nd• knp YWAM 140 700 185 1,320 200 sjo f,901 1.901 soo 43 1,￿0 4.791 3,255 75) 1,000 7S0 1,000 750 7SO 1.000 523 7￿1 7SD 1.675 5TJ 1.500 1.$00 2.800 10% of r•l•vant¥lvln• FuBion ¢hrt8t Chwoh Chtsfjar¢ Unlfjn K•nt Untv•rsty ¢htl•ti•n Urktn 300 soo soo 300 500 500 50? Trnn•f•r L*kn¥••n 021 & CQ3 Tolll Ml*in4ry Ind ChArftsbl• t31wr Ae 8￿wn on PAge 11 34,320 13.489