2023-12-31-accounts

Vacant
Ed Green OBE
DrJenny Ireland
Rachel Cooper
ElinJones
Elizabeth Anne Haldane
Tom Butler
Pat Medlen (Joint PCC Treasurer)
David Pearson (Vice-Chair)
Jeremy Sharp
Jesse Sibley
Nicola Walworth
David Pearson
Eleanor Davies (Joint PCC Treasurer)
Ed Green OBE
Jane Oldham (exofficio PCC member)
Mario Koureas FCCA
Hetherington and Co Ltd
Chartered Certified Accountants
289 Green Lanes
N13 4XS
Barclays Bank PLC
191Earls Court Road
London
SWS 9AW

					General	Designated	Restricted	Total	Total
					Funds	Funds	Funds	Funds	Funds
				Note.	2023	2023	2023	2023	2022
					E	E	E	f	E
Income and endowments			from:
Voluntary Income				2.1	32,313		22,975	55,288	47,036
Activities for generating		funds		2.2	69,537			69,537	57,621
Income from Investments				2.3	78,717			78,717	49,558
Church activities				2.4	32,700			32,700	29,088
Other income				2.5					4,550
Total income					213,267		22,975	236,242	187,853
Expenditure on:
Church activities				3.1	206,883		11,482	218,365	169,005
Raising funds				3.2	79,781			79,781	88,146
Total expenditure					286,664		11,482	298,146	257,151
Net income /(expenditure)			and net
movement in funds before			gains/ (losses)
on investments				5	(73,397)		11,493	(61,904)	(69,298)
Gains/(Losses) on	investments.				620,743			620,743	(109290)
Net Income/(Expenditure)			for the year		547,346		11,493	558,839	(178,588)
Transfer between	funds			13	93,317	(93,317)
Net Movement in	Funds				640,663	(93,317)	11,493	558,839	(178,588)
Reconciliation offunds
Total funds brought	forward				3,158,164	93,317	23,997	3,275,478	3,454,066
Total funds carried	forward				3,798,827		35,490	3,834,317	3,275,478

				2023		2022
		Notes		f		E
FIXEDASSETS
Tangible fixed assets				1,290,248		1,727,391
Investment property				2,500,000		1,444,090
				3,790,248		3,171,481
CURRENT ASSETS
Debtors		8	21,728		7,873
Cash at bank and in hand			73,106		137,602
TOTAL CURRENT ASSETS			94,834		145,475
CREDITORS: Amounts	falling
due within one year		9	(34,098)		(41,478)
NET CURRENT ASSETS				60,736		103,997
CREDITORS: Amounts	falling
due after one year		9.1		(16,667)
NET ASSETS/ (LIABILITIES)				3,834,317		3,275,478
PARISH FUNDS
General Funds		13		3,798,827		3,158,164
Designated Funds		14				93,317
Restricted Funds		15		35,490		23,997
				3,834,317		3,275,478

2.	INCOME AND		NDO	W	ME	NTS
								General	Designated	Restricted	Total	Total
								Funds	Funds	Fund	2023	2022
								E	E	E	E	E
2.1	VOLUNTARY INCOME
	Planned giving;
	Covenants and	gift aid			donations			11,052			11,052	11,634
	Tax recoverable							8,237			8,237	4,280
	Uncovenanted	and non gift aid
	donations							12,232		19,849	32,081	17,798
	Sundry offerings							88			88	210
	Youth Groups							704			704	499
	Missionary giving(inc.				tax	recoverable)
	Other voluntary		incoming			resources
	Legacies
	Grants									3,126	3,126	12,504
								32,313		22,975	55,288	47,036
2.2	ACTIVITIES FOR		GENERATING				FUNDS
	Rent from functional			property				36,290			36,290	38,040
	Car park and garage							33,247			33,247	19,581
								69,537			69,537	57,621
2.3	INCOME FROM		INVESTMENTS
	Rent from investment				property			75,781			75,781	48,583
	UK Bank interest							2,936			2,936	975
								78,717			78,717	49,558
2.4	INCOME FROM		CHURCH			ACTIVITIES
	Fees (net of LDF		proportion)					573			573	1,576
	Letting ofchurch		hall					32,098			32,098	27,428
	Sundry income							29			29	84
	Church weekend
								32,700			32,700	29,088
2.5	OTHER INCOME
	Insurance Claim-storm				damage							4,550
												4,550
								213,267		22,975	236,242	187,853

3. EXPENDITURE	3. EXPENDITURE				General	Designated	Restricted	Total	Total
					Funds	Funds	Funds	2023	2022
					E	E	E	f	E
3.1	CHURCH ACTIVITIES
(i)	Outreach octivities and grants
	Christian Agencies and fees						86	86
	Overseas mission and missionary		giving		42		34	76
					42		120	162	111
(ii)	Activities directly relating to the	work of
	the church
	Ministry: Common Fund				70,209			70,209	70,209
	Clergy expenses				431			431
	Church Hall costs				19,543			19,543	15,616
	Church weekend
	Church running expenses				37,364		11,362	48,726	42,276
	Church routine maintenance				1,667			1,667	3,755
	Major property repairs				2,609			2 609	101
					131,823		11,362	143,185	131,957
(iii)	Church management and administration
	Administration and professional	fees			68,421			68,421	31,307
	Accountancy Fees				6,597			6,597	5,630
					75,018			75,018	36,937
	TOTAL CHARITABLE EXPENDITURE				206,883		11,482	218,365	169,005
3.2	RAISING FUNDS
(i)	Expenditure on 72Edith Road
	Repairs and running costs -72 Edith Road				27,030			27,030	40,267
	Management fees —72 Edith Road				10,090			10,090	5,039
	Administration fees —72 Edith Road
	Depreciation								10
					37,120			37,120	45,316
	Other Expenditure onfund raising		activities
(ii)	Event costs				2,496			2,496	2,480
(iii)	Expenditure on 3Edith Rood-functional			asset
	Repairs and running costs —3 Edith		Road		34,298			34,298	36,850
	Management fees —3 Edith Road				3,242			3,242
	Depreciation				2,625			2,625	3,500
					42,661			42,661	42,830
	TOTAL FUND RAISING EXPENDITURE				79,781			79,781	88,146
	TOTAL EXPENDITURE				286,664		11,482	298,146	257,151

7.	INVESTMENT PROPERTY			2023	2022
	At valuation:			E	E
	Opening balance 1January	2023		1,444,090	1,553,380
	Transfer NBV ofpreviously	functional	proportion	435,167
	Revaluation in year			620,743	(109,290)
	Closing balance 31December 2023			2,500,000	1,444,090

8.	DEBTORS
					2023	2022
					E	E
	Taxation recoverable				1,763		906
	Accrued income	and prepaid		expenses	19,965	6,967
					21,728	7,873
9.	CREDITORS: AMOUNTS		FALLING
	DUE WITHIN ONE YEAR
					2023	2022
					E
	Taxation, socialsecurity		and	pensions	1,550	1,173
	Monies received	in advance			3,000	6,613
	Other creditors	and accruals.			8,215	15,692
	Loan from Diocese				3,333
	Other Loan (see	note 17)			18,000	18,000
					34,098	41,478
9.	CREDITORS: AMOUNTS		FALLING
	DUE AFTER ONE	YEAR
					2023	2022
					E	E
	Loan from Diocese				16,667
					16,667

ANALYSIS OF NET ASSETS BYFUND
	General	Designated	Restricted	Total
	Funds	Funds	Funds	2023
	6	E	6	E
Fixed assets	3,790,248			3,790,248
Current assets	59,344		35,490	94,834
Creditors	(50,765)			(50765)
Fund balance	3,798,827		35,490	3,834,317

					Funds	Surplus/	Transfer	Re-classify	Funds
					brought	(deficit)	from other	properties	carried
					forward	in year	funds	due to use	forward
Accumulated		funds			9,350	(70,772)	93,317		31,895
Church -operating			reserves		9350	(70,772)	93,317		31,895
Investment		property		reserve	1,426,814	620,743		430,500	2,478,057
					1,426,814	620,743		430,500	2,478,057
Functional	property			reserve	1,722,000	(2,625)		(430,500)	1288 875
					1,722,000	(2 625)		(430,500)	1,288,875
Total general		funds			3,158,164	547,346	93,317		3,798,827

held	for	a specified	purpose.
					Funds	Surplus /	Transfer to	Funds
					Brought	(deficit)	General	Carried
					Forward	in year	funds	Forward
					6	E	E	E
Edith	Rd	-property	maintenance	fund	93,317		(93,317)
					93,317		(93,317)

15.	RESTRICTED FUNDS		Funds			Funds
			Brought	Received	Funds	Carried
			Forward	in year	Used	Forward
				f
	Children's worker		8,150	3,126	11,276
	Kitchen and flower room
	refurbishment fund		6,305			6,305
	Church Refurbishment		5,648			5,648
	Church weekend fund		143			143
	Specific missionary		34		34
	Sound System		217	19,763		19,980
	Outreach fund		3,414			3,414
	Piano tuning fund			85	85
	Retirement collection	R Curl	86
			23,997	22,974	11,481	35,490