IIEGk%fwcTrL4PJIYNLIIBER' 11397 U1¥41XITED FIlW4L STATEkEpirs FaiTrEYE*REPiED31 DECEAeER2023 THEWIR. PlA arrow LLP Chartwod Accountants J$an Hujse Staticffl Rd Chingbrd Lon(l)n E4 7BU
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THE PAROc>IiILIURC C(KINCL CFTrE EccISTL PAFI&I OF ST PA4RY ThEVINN, Nm FCR TrEYEARENCED31 DEWER2 TheRWd L S Plh (Churth Wwd) R Pèake (Churth Wtrdenl C Ward l Brwks (Secr) J PimNett IDe8w Sync%1 Rep I 1rew915.S,23l STumerlDeanery Synod Rep.) A Cc4tam M FrederfCk swtor D P4ckfrJrd (Deanwy SynLbJ K9p.}I¥n 15.5.231 Dwad J 8rf5ter R Huthes.Penney tTr8a8urerl The R6Vd S 88mIen (C0p(8d kmte¢ P Hics IC4-cytsd Mter>(apPoi1tth1 15.1.241 P SbJart.R(trfnw lappcint&J15.5.231 crth Cfflce (Yd Franks Hh Street E&enharn trcfdshlre CM22 600 1139750 Ip04T£YAmINER Brn LLP Chartered Accountants Jackst Plouse St8lon Rc•a Chingford Lon¢SJn E4 78U B¥days Bank Hc, Le$tOr. LE87 2BB Clyde5dak Bank PLqVirgin Monfyl, 30 Flace, Gow, G12HL Skpton BuildirvJ Ely, The Bailsy, BD23 IDN Investment Mwaprs Ruffer LLP, 80 VKn'a Street, Lth)n, SW1E SJL P91
THE pAR{HLIL I>ILVICH COiJ4CIL (FTrE ECQ&4ASnCAL PARk44 (he ST W4Fff TrEVIIGIN, 1 FLR THEYEAREPWI 31 DECEMB512023 The tmslees present Iheir reFQrt the finanaal statsmenls ol the tharity the year end&1 31 Decmt¢r 2023 The tnjstees ha4e cpted the provisi)n5 olknnbng Rewrbn9 by charit$.. Statement of ReCoMmded Pith'ce charib'es wepamg their acunts in acrA)rdano vitt) the Finanaal Reth'ng Standwd ape in the UK and Reput4ic ol Iland IFRS 1021 leflecb'¥e 1 J8nuary20191. St Marfs Church is Srtuabj in Church Street, P£nham. 11 Ya part ol the Th'orse ol Chdmsford wthin the Church of Ersl8nd. T c¥ThSpm)nden 8ddres5 18 Church off, (Jd Frdnk5, Stro&, E1h¥m, Cl122 6DD. The Parwhial Church Cojndl Of1 Ecd8siastical Parish OISI Mary the Vygin, Henham IPCCI is a terj chanly No1139750. PCC rnbeTr haves8Ned from1 Janw 2023 until the daleclthi8 rewi's aPD¥al are lisbj on the infrats.On page. Gtsvtrnlng dUfflt The TN$lees that thgy ho¥0 rebrTed to the guidan contoin8d in the Ch mI'S wwal guidan wtlic bfft reviewing thertharrtls aim8 aNJ objects 8nd in 0ning future gLIMtss 8nd s&bng KAlLY forts year. The Pwochil Church Counol PCCI 15 8 corate W estsbli8W ty fv Chwch ol Englwd. The PCC QFer8te8 under the ParotK91 Chwoh CouKil Pmrs Measure. The PCC are the tnjstees. The InJstees eW the risks to the ch•ity e&h year and mttuate 181 these here kwble includg risk a$geTrI pYoc&Jurey forall S111 MI8. Th8 mathj cl appointment of PCC is set out th the Curc Repre8eniaticn Rule8, Al Chuich 8llendee8 are erIra99d to registeron the Electoral Roll 51and for ekthn ks the PCC. tlvm Sl m,$ PCC has the re$1111fy cl CLywaling ilh the inoJmtnl in prcffloting in ihe erdesi86tical palsh the thc48 rn0n of the Churth postoral, frvangelislr, KKial and ecurnonical. 11 also has resw)ns¢bility for Ihe maintonance of St Marfs Church. T iro)mbl'S rewon$ibilities inc4L8 th8 vider ere vhith, in 8j0 lo Sl Mary's Henham. St Peterfs Ugley aTrJ St Matys Enharn. The PCC ath'ydy %vorks with the PCC8 of otr pShe5. Acht•ththl• pfonnffi Chur¢h AS at 31 Dember 2023, tslere Yre 78 W$hets on the Churth EIKr4 Rol175 KI 20221, 21121 in 20221 ol vthom not dwl %wthin the parish. The avw weekly attendance la(lJlts only) vR5 29129 in 20221 for the rThJrning servke aTvJ 35133 In 2022) for the eVeng service. is adifferentc0ngregab apartffom around 15110 in 20221 Fe0P alsogo in the nM)rnir¥J, Henham PCC had eiJhl meetlngs during thg year of whlth one was a pint 81'ng hebj El¥enhom and iJy PCC¥ to di8cu ten8flce fiDc. E4Th ollhe subiects durfng thè yearinduded'.- . uwdlry, Assessnts Yculh prov. Evangdi4m induding pudding thfning5, Christmas Windows and Eagter T1, nw s888 Into - Henhwn fcf Hamsl Christmas, lessons aSsernbls. Vle deliw ol Christmas Invitati(. - Conlimiab.C Serw. TinE lo Remter servu. Remerrtjr3n. Chnstmas services, liaison ith - OSCA HUH br Sunday - FInCIal )Unts k)r Henham F4rfsh HEU Benefice and altnI011derthden1 EXher. - StBff Committee and Mission Commdtee rep8, - Deanery and General ad rewts. - Parish Share in $)nSet0 wtsjer chUh clEroland deck4raK)ns. - Rrfdering and Extension proFclfor thurth. P*Je 2
TrE pAR(HLAL CILNiCI C(MJNCIL OFTrE EQIEgASTUL PARTh OF ST FIl TrEVflG14, HENtrL4M FOR ThEYE4R EPL)ED31 OECUER1023 ,IrfA Fara Pth4Aw Genwd fvnd (ithrwtrlthjl Tclol income in the Henham generd frJn¢J amtyjnted to £3.984 12022: £2.326). T¢tal eyndrtwe of E1,234 12022.. £6,249) rttutt&J In a net income alE2.73012022.' net eVdre of£3,9231. Thetotl baancecorned w£20,66212022'. £17,932). HEU 8oMlc•fund lknlrfd•ll The HEU Benefi resutt for the year wa5 a net irKome 01 £11,93412022.. £5,037) Lcau58 payment 0110 1h& 01 the p&ish shwe IPS). amounbng to £81,480, was paused bul this offset ty a drop in gmry Thi8 frx)k the bd&)ce carried at the 8fj of year lo £119,33112022.. £107.38n- Parish ¥h¥¢ pmMts we w5ed in 2023 as a rewjll ol the Church of Ewland's decwon to proceed Pytyers ol Love aThJ Fath. G that the Churth's pcoikn renwins undwpj, are nL prep8r&J t) pay futhw PS o)ntribuliws h rdthn lo 2023. W•ukqnd Ayfund fv•trf6 The 88[1¢8 Weekend Away fund is used to mote a tenefits lde retreat 4th d&JKate4J &'t4e teathing. Th? baancfj carried Syw8rd of£1,95512022,' £2,439) L8 retalned ofthola n8&Jlng fin11 ¢0 (Xh•r fvnd• IP1rfd thd d0mtI The PCC has sub5knts.al othw funds Irom don•Th, lryxies and bequests given with wng teffi and wThJicions mainly for ts maintsn8nce of the Church buikJin99 atKI grounds. These ftJnd9 afe th8. Wnmill fijnd, Bannehr fund, Fabric fiJTrJ, O¥ws fund. Pbtt fund, Children and Youlh Work fund, Vrarts DBcr8tionary fund and ihree Endowmnl funds. The lotsl vdue of knds increased frryn£2,307,992 to£2,309,848 dumg the Ye9rmwY to expenthture cfi the recrtleriig d eth8bJn prq& pol Al the end ol the year urn8trldJ general Ounted to £20,662 P022.' £17.934. rngtrkl&J fund8 to t2.426,999 12022.. £2,411,663) thy 00ttndS k)£6,143 (2022.. £6,155). 1118 PCC to ensure that fundB wl te ave4lat4e te future eynditure. The PCC dces not milnla'n $redf ol rese on the fur4ds th ihe eXCepu ol the HEU Benefte Futwj. This is baUse il has ithnt aCtty each year irduding responsibilY ly pawry $ff. 11 ha5 IherefDre been decthd that an 8ppropriate reseNes pc4ry for the HEU efIC£ luno 18 a minimum ol mth$, p(ItUre oraFyo¥Jrn8tety £23,(1)J12022.' E20,OWI u5umlng thatthe porf8h 2024of£101,99B18 In hjl. The ba&nce on the tdbrfc knds Is fc¢8ny foregeeb lulufe repair requirement8. CAng Cone The PCC bel'eves it is finanaalty wable lor Ihe next 12 The HEU Benefice bjnd bal d £119,331 remans 11 ))ve th8 aFvopriale of re5erv95 ith the unre5kn.ded fun(ts and retl fund&, il Lg suffrcient tf &aMtie8 to t rn&ntsined for12 months. PMrdtrlng NI EKknilon ProJ• FOllolr@ loal PCC opproval In 2022 of o budggt 01£1.75m for this prciect, enabling wc¢rt nencj in e 2023. TNS vk %WdS cwrEd out undw a Letter of Intent vthilsl the detsi15 01 the final £1,634,639 main wew ffinli8ed aTh1 sgned on the 6th (knber 2023. DJring the ar, the painslakiry th of the arthaedoJist3 man tradOr SlU11Y athwed the mik$kne ol ecfflF4ekn'ng the concrete sl re&Jy for the steel traffle to be erted in eY 2024. In p8rall81 ihe inleror ol the thurch was deared ar1 prepara.$ for tho new floor reorder Mre gubstanb"aI comp. Al the PCC meetrrfJ in Ju8ry 2024 epwDv81 wa5 gNen for an increase in the W lo £1.828m to cover 8n increase in the CnGenCY re8eNe. The targd COme"( dale 18 Autumn 2024. STATEhEif¢%TRUST fESPCNSIBLrnES The trustees ¥8 re8PCffi*t4e for prwng Ihe Repjt d the Tnjstees and the finantial stalernents in alrordance ar¥4iGotrAe Iw and United .nJC¥n Act(ting Standards (United KIngdll Gen8ralty knepted AcoJunts"ng Practicel. P4e3
THE PAROCHIAL CILIRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE WRGIN, HENHAM REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OFTRUSTEES. RESPONSIBIUTIES- GonJnu•d The ¥plK&K9 to oharits In England and Wal, the Chariti8s Act 2011. Ch8rity (Ac(thtS ènd Reports) Reguns 2ffJ8 Ihe pfovwns ol the trust deod require6 the trusteos to pr418re fnancil 51alement8 loi e8th fin81 year whrh a true and lair v ol the slate ol 8rfairs ol the charity And ol the inthrning resourc88 gnd applicabon of 198ourc•8. nc4u¢Ang the inwme and exp8ndibJw, of lh8 thnty lor peri&J In preparing fir0181Ate[Mnts, the IDJSteos ate requir to Se¢1 sititsblg accounl'ng polKie6 aTKI Ihen con61s1on0y, obs8ry8 the methc¥l$ 8Dd prirKiplas the Charity SORP" make pJdg6monls and estirnaté$ 118{8 reasonable pnd prudent, prepare the TenclI gLgtsmen16 on tha gn9 concern baBi8 Lmkry88 11 1$ impprcpriate to pr¢surne Ilal tr¢ Ll81ity In buBne3s. The Iiuskns are reSpOr1b1e for k84)irg prcpér aceounb'ng record$ wknh drack)sè with rOanabl& al eny lrnq the finenckil pIn of the chority and lo to en5ur8 Ihat the fin8Dcial St8meThI8 cornpty with th6 Ch8rtt18s Act 2011, Charity (Accounts Reports) Reoulal"on8 3D08 and Ihé PTOVl8ion6 ol the 6t deed. They ar¢ ie8pwsible for 8aloguarding the 8S8et8 01 th6 charty 8nd nce for tskykj lgasonabb steps for the pi6¥entson 8nd deteCtn offrBud other irrryuL9ri1189 Approved by order ollhe brd ¢llte85 on .1? .%.0%4 . And sb3ned 00 11$ betkgKby.' S Pk*er- Trustee Pege 4
INtEgENDEpif NEF¥S REFfllTTOTrETrUSTE&8 OF ThE PAR(KHL4L CPKJR(% cciifKIL TrE EcCIASIL PAR1&4C ST lf1 THERGI PEN Klependwl •ntrs rwrt to tho Inwteu of The Parochl thurth Councl IX Th8 Ecdo8l•tkal PrfAh Cl Th• Mrgln, h4n I rem to the chaty trust5 my exaTninabon of the arLcunts of Th8 Parlar Church Counol Ot Weya$lKal Parish Of St Thevirgin. Henham ItsTrusll krthe yearended 31 DeT223, PaBponsibllllleJ b•18 OIryt As the tharity trsteeS of Tnjst you aTe the prqiwalkm of the aCCnts n acan with the req1Hrents of the Charit$ Act2011 IlheAGVI. I rwt in r&$t of my exetOn of the Trusys 8mnt8 ried out under 0 145 of the Ad and in carrying out ry examinan I ha¥e lo1 all DIre$ giwn by1 Chanty CommL89K¥) uNJer Section1451Sllbl ollhe Ad. d•pendteX1n1 1lthMt I h8¥e Mpj my eXinabCfi. I confim that no malwial motth have come to ny altentKfi in 1th the examhthn gwing cw8e to bdieve thatin any materid re8FrfL' x¢yJnlma rttords Vpre not kept in reSpt of1 Tnmlas rffjuired by 130 of1 ACL. LY the Unts de 1 accord %ilh th¢)$8 records,. or the axnts th) not Cfjmp vlth the 8Ot8ble requirements cthcéming the contonl of aco)unts ¥ot LWI in the Chkn8 IAcsx)unls 8NI Rwrtsl RegulaK)ng 2tM)8 other than Y wuirernnl that the 8(rthmts gNt 8 true and lar y1 whKh is not a matter ¥Ier9d 88 Part0f in@w¢nl elNn91n. I no C))rL and h8¥è ts)me no otker mBtters in ConneCbc with the examinth k> thich attentK)n 8hauld be dravm In thls repryt in orderto enalAe o proper undef8tanding oflhe 8oxuntslo be re&htsJ. T P Cuitis B8mw LLP charte IJnt9nts Jockgcffj Houge St811 Road Chingtsd London E4 78U 17 Moy 2024 Page 5
THE PARCThL4L CFKiRCI CCYJ4CL(F THE STATEIEifoF FWICIALACTivmES FCAITHEYEAR EhfiED 31 DECER2023 31.12.23 Totsl funds 31.12.22 Tot nds Unreslr¢t& nd Resln¢bJ fund Endmenl INLXAIEAKIEI¥XYaWEpif8 Dcnatbjns and ge5 2.321 76,510 78,&31 2,355,518 Fee5 inw8 1.222 1.222 Inve8fftnllnceme 421 25,678 26,299 6,9 Totsl 102,388 1C,352 2,363,589 Church repairs and mantsnance Offi and hall o)J SeM"ce o)sts Sun(tyc051s MiysJn sup Staff costs Oew8cKqlon charge& Supw)rt costs P8ri5h are Pthting, p8t&J8 8tati DcatkjB rn[ oJ¥ts Insurance Bk chwges LIM 8 heal Benofic we8kend away C16 200 12CI)I 11,015 7,849 10,458 3.026 221 8.419 17,81S 2,576 2,898 16,29S 10.458 3,621 221 8,858 17,815 2,576 2,898 16,296 20 2,163 2,988 2,423 595 876 9,164 16,102 3221 12851 79,267 770 439 2,163 2,988 2,423 5,262 979 104 631 8,217 8.217 Tatsl 1,234 77,520 (2001 78,4 136,463 Netgansllbssesl C inv88knents 110,2761 532 19,7441 52,599 NETINCCA 2,730 14.592 744 732 (7441 18,054 2,279,725 12 Nut MO¥ In fvndi 2,73Q 15,336 18,054 2,279,725 REcoiaLiATTr4 (F FUND8 Totsl fiJnd$ brought fomard 17,2 2,411.663 6,155 2,435,750 1.025 20.662 2,426,999 6,143 2,453.8C4 2,435,750 The leS fomi rat olthesefinanLxal stakne PwJ8 6
IHE PAROCHIAL CHURCH COLINCIL OF THE ECCLESIASTICAL pASN OF ST MARY THE blRGIP4, HENHAM BALANCE SHEET 31 OECEM8ER 2023 3112.23 Tolal 311222 To1 funds Unie6iriobJ knd Reslricted bjnd Endowment fiin(J Nclés FIXEDASSETS Tar4ble 85sets InvHtrn•nt8 Investments IDYe51mert proptrty 256,250 256,250 12.882 261,551 153.436 6.143 267.700 153,436 301,288 160,609 671243 6.143 671,386 474,779 CURRENT ASSETS DebiotE Cash olbank 507 20.155 16,826 1,772.859 17,333 1.793.014 28.329 1,959,000 20,662 1,789,685 I.BIO.347 1,987,329 CREDrroRS Amounts falling wilhin one year 10 132,0541 132,0541 115.1921 NET CURRENT ASSET8 20,682 1,757,631 1.778,293 1,912,131 TOTAL ASSEfs LESS CURRENT LIABILITIES 20,662 2,428,674 6.143 2.455,679 2,446,916 CREDITORS Amunls falling du• 8ftèr mcrf8 than yogr 11.8751 111.1661 NET ASSETS 20.662 2,426.999 6,143 2.153,804 2.435.750 FUNDS Unle91c1ed fu6 R8slri¢lthl funds Endts¥¥m8nl lunds 20.eA2 2.426,999 6,143 17.932 2,411,663 TOTAL FUNDS 2.453.804 2,435.750 The fInrla1 5tèlem8nt8 W818 8ppr(Ned by Ihe Board Df TFust888 8Utho18 for Su8 on signed on its bohaK by. and were S Pler- TLtee Th& noles form partof these fiThan¢i81 $tstemgDIs Page 7
TIE PAR(J>IL4L I>lL COLAICIL OF THE EC<X&8WmL PAM c ST IIARY THEVRGhN. HEIIAM TOThEFI4ANCL4L STAIEhENrs FOR THEYEAREhUED 31 DECEVBER2023 AC(XXJNTIK POLILIES BMIJ ol wylng theflnmew The financi&l 5t8tewts have teen prepared n KCOrdan ith Puounting aTrJ Rewiting by CharilEs.' Statement of Reccrfnrnenthd Pradice a)le to charib'&s preparirKJ Iheir nIS in )rdan w4th the FinaDc4al ReFoiting dard Fplicthle in the UK and Republic of Ireknd IFRS 1021 leffeCb. 1 juY 20191-ICharittg SORP IFRS 10211, the Fnanoal Reporting Standwd 4ylicaLle In the UK Republic of Ireland IFRS 1021, the charits Act 20118nd the Church Accwnting ulati8 20C6. The PCC constitute5 a public benefrt entity a$ defined by FRS102, The financk41 Slatnts have en prepared Io gv8 a 'lNe NJ lairf have departed frorn the Chanties IAccounts •KI Rfjwrtsl RowL4lio 2008 cnty to the extwl required lo kyovide a 'lDJ8 and fa'r wevl. ThB departure has foll)w'ng the Acojunting aTrJ Reports'ng by Chariti85'. Stalenwl of Re(Amended P¥tice aPIcable b dwritres preparirg th aLDJunts in acrce 1th the Finana71 Rewrbng Standard aFpluble in Ihe UK and Republic ol Ireland is8ued in Othber 2019 rathe¥ than ihe AC(Unting RepKrbng by Charil'e5.' Staknnent of R8wmnred thtic4 effeLINg from1 Awl 25 has since v1llwjrdj. The fin[181 stotemwls tegn pyepared under the hffjlthicgl rthl a£tiOn 8{ forh vauatbn of invethnl assets, Ythich are Sh at market value. The fina31 stslements include all trans&bLmS, a88els and liai¥'lth"85 lor whith the PCC 18 responble in18w. They do not iThlude the acccMJnt8 ol church groups tho1 Ihw'r main affiliobon to another txly, those that hlomd galheriros olchurch mert¢rs. Th8 flnanaal state1$ ha¥e been prepared on a gThng CCOM basis a8 the PCC memters belwe that no matertal unc&tsinls exist. The PCC r$ have consKJered the of fvnds W and thfr expecbj level ol income and expwdtture lorlhe12 mc¢)Ihs Ircffl authonsing the88 flnanad Btatemerts. Fund• KitIng Fund8 h81d bythe PCC arè.. Gwat funds be used by the PCC forLvdinarypurpose8. 8lgn•tal lur 8 sel 8Sk1e by the PCC out of unrestrded lund5 Iry fvre Purp8 or wciwjs. Thwe are cuThenlty no desEnated funds. pmtrt¢ fvnd• lrtome from INst3 orendoww¢nls te eXpetsd only cffj th08e resId¢• cws provSded In the terms ofthe tnjst or tknnats'o or grants rNed br 8 speuft object or In1& by ihe PCC for a sp6xili c&i&t. The lunds may onty t¢ eynded en the Specif c&iect for [8 Nny ba1ce MainIng unspent al ihe end of the year is cmd forwd as tha baan¢x on that fund. Endowmant lundi Endowmwl lunds the ¢aFrftal ol which must be mantaned., ClY Ine arising from the in¥estmenl ol the enthwrnenl mw be u¥ed, wtheras Testrtha ¢yunresirKlfjd fufftls dgFending on the purwge setiMJt in the teffrfj ofthe onginl endowm1. Where Ihe PCC has nolinvested in a lund separalety, intsr8St 1$ aprted to indmdual fiJnds¢)n a) abtrage-balance basrJ. Inbrtmnts Investnwnts we gtated at mkel vakje al the sheet date, 3131 Oecemter. Gans and losses arising from mo¥em8nls in market val9 duri)g the ye8r are uedited or carg&l to the stateThnI of Financial A.7b'eS based on ihe rnarket value at the yeorend, Trale and oiherd8btcn are reLxyJnisgJ &the Settlnt vaue before anyt1]dI8Unts d. Page 8
TrIE PARCM)IiAL ¢>IUi(X CCNJNCIL (FTrIE ECQESIASTLIL PAR1 (FST Ry IFEMRGIN. HENHAM NOTESTO TrE FMINCL4L STATEkENTs.corInu1 FCR TrEYEIREPLJED 31 [cEER 20YJ AlI{[lNG P0LK#ES-I{lnuld C•h * bank C89h al bank and in hand int4udes cath and shNt-tem hahlY Ipuid inves1mts a SW term maturty ol three Mth8 or I8 from the d8le of8C4Ui9ition er opening ollhedep05il orsmilwjnts. CdItorS and pSlOn5 arv rwni8ed the Chaity has a present ¢Jblg8kn rewlbng from a p881 Ml that will aw resu in the Iransfw of tunds to a Ihird party aTrJ the arnunl due to ythlle ihe clligation can be measured or estimated reliatty. Credittys and prowsions ar8 norynally re¢x)gni59J at the settlewenl amunl after abwing lor any trade discounls. Inthlng olth• PCC•nd ¢onrt•d P•QM bws ol the PCC are Oljed to dedwe any Inltttsl in iny prwed tran5xticffl that involves them or cr)nn&d persans, and ¢0 Y•thdraw from any dISsSi(S and rK)I partiryipate Sn any te tsk. Any transaCIn5 undertaken by or on tehall of th8 PCC 8nd invokn'ry OItt PCC penS0re den4 in these notes, rf epplK8bb. FlnmcW IrthfflMI• The charity wly has fin[181 a88ets and financk91 Iwbills 018 kn.nd that qualfy basK final instrurnents. 885iG fin8rKial 1nthfflts are inilialty cCgnd at tranSXln value and SubsequtlY nwured at their selleml va8 Yith the èwlwjn ol tkgnk loan8 ar8 subs6vUent measured al wnorti5ed cost u&ng the effNe knthst m8thoJ. Fanal a8s•ls Snclud8 Ihe bank balance8, tr&Je debler8 and otherthbtors. exdudB prepay1& and tsxa0C. nKKI81118bS1th Indudfr tr•Je cr&Jitors, olhw cr&Jitor4 aLrruaB and defeThJ InrxJm8, tAJl exdude Urity and oth tsxes due, Incom• All inrune B induded in ihe Statement of Financial titi.¢$ ISOFAI the l&Jally enlrfbd to the inwme, and tr18 8munl can be qu8nlifigJ wlh certainty. DJnalion5, colkntions and grfts are remgni5ed recev. Donated servw fad1118 8rÈ ¢Mly Induded in the incorne Iwth an e(wivak8nl offKunl in expgTrJiturel tho ténefil to the PCC is reasonably quanliligble, me88urth and materi91. The v8lue plac on these rethros is the Inated vylug to Ihg PCC lor the 8eTrice or 'lIty r1Ved. AJI irK¥yne k8 for gr088. Realised and unraali8&J gan# or lo#se8 on in¥ethents are luded in e SOFA. Exfftdlurn '8bllities are rGnISed as exFendrture as gn as there is a legd or cm$lruGbve obllgalbn wnmittsng the charity to that expenditure, il is pro that a tr8nsfw of ecoTh)mic bendrts 11 be raquir&l in Settml and the rIJnI ol the oblgalion can be measured reliably. Expendlure is acujunted fi)r on an aLuuals ba8 aTrJ has bn clard under he&thnas that aggregate all cost rdated lo the category. Where costs cannot b8 dlrecty attbUt to pthlw hea(I'r&8 Ihey have been alatsd to th'tss on a b&s consi5tenlwth Iheuse ol r850urce$. Grants offeral suw to conditi& which not be8n nt al year eTra date arn not&J as a r£fflnMtrnenl tr1 nci gs expendrture. Tmgfolofmd o••et• CEFecial is prowd&J ai the fcloving annuvj rates in crfthr b *Trt8 off each a5$01 ov 11$ 8stinat8d usefvl lrfe LY, rf herd under a fin lease, o¥erthe lease ienn, Yknhever the shorter. ProFety. stt li)e 020 years FI1 ond mathinery. &raighl Ine o¥er5 yews FLXtur8 and fith'n- strah1 ffin8over 5 year8 Conseuald arnj tenefKed proFerty ol any kind iq exdud&l from the XInts in rdance 1th 8.1tK2118l ol the chad19 Ad2011. Page 9
IHE PAROCHL4L lI{(x C(XWCL OF THE TrE VIRGN. HENTrk4M FCftTrEYEAR ENDED 31 DElER2DlJ AcfxxMNG lUIcIES-1ntlftU•j The charty is exempttrom taXC itschantatrAe &b.%At. lrn purch•• IMn9 commllm& Renias paid undv cyer8Mg leases we th8rg&l to Ihe Statefflenl of Fire1 Acbwles on a str4hl line basL¥ over Ihe ollhe leaye. ND sin1franljuch3ts or 8Mpti3 ha¥e bn m•Je by PCC in WF4yhg th8 Charivs acuntkng p)l(o'es. WSth resFrtt to the next rep,ng perbj 2024, Ihe m1 signifunl 8rea ol uncrtwnty that ihe va8 of a98818 hdd by ts Churth 8re the level of investmnl r8M wticulply frDm insstTMnl incowts and Ihe perfcirnance of inveslmenl m¥k¢ts. IN¥ESTMEpiflNCAE 31.12.23 31.12.22 2,4 4,5&J Divd& and interest 21.499 26.299 6,9eo TjsTea¥ AEIAiNER4TK14AND BENEFrr8 Thwfr re no tru8lees' remunerab'on Cf other tser kf the yetr eTha&J 31 DetanE•r 2023 nor for the yg8r ended 31 DBrnmti 2022. There %4we no tnJ$tew' exe$ paMI forthe ye8rended 31 Dw)bu 2023 ncf Icf Ihe 31 DKgmber2022. COkPAR4TIIE8FOR THE STATE1lfc FIPUIKLIL ACTMMES Unreslnct8J lund Reytricted fiJnd ErnlowTnI fvnd Tolal lunds IPKCMEAND EN[thFIr8FRc1A LI)nal and 1,174 2,354,344 2,355,518 Fees income Investrngnl irwno 42 6,751 167 Tot 2,327 2,361,095 167 2,363,589 E>FEK)ITURE C4 Church repaifS maintenan offi and hall cos e wsts ndry costs Mission 5UPPCt Stsff costs 150 150 594 265 10,665 7,699 2tK) 11,015 7,849 999 876 9,164 16,102 611 9,164 16.102 Pap 10
IHE PAROCIIL4L CILRCH COIJ4aLCTrE ThEMN, HEh114M lalTE8 TOTrE STATEMWS.L¥Jnllnu•l F(IiTrEYEAR ENCED 31 DEf512 CQWAPATIVESFCAITFE STATEMENfcArF1114NCL4LACTMnES.cthrtlhuthl Lknre81r¢tepJ R8sin'd nd nd ENIMnenl fund Total funds 3,221 12851 79,267 679 509 5,262 979 104 631 3,221 12851 79,267 710 ppytwsL8 Parish Share Prviling, wstage 81abwry LknatlcS 91 costs 5,262 979 104 631 Insurance ank thg89 Lh1 & haèt Totsl 1,250 135,013 200 136,463 NetSar(kIS8e51 on Inents 53,510 52,599 NEf lNr(NEIEXPTul funds 1,077 14,9991 2,279,592 4,255 19441 744 2,279,725 N•i Ir•ThI In fvnd• 13,9221 2,283,847 12001 2,279,725 PECC14CILIAnON CF FUPIX8 Total lunds Ought for%rd 21,854 127,816 6,5 156,025 TOTAL FUND8 G4RRIED F(XIWAPD 17,932 2,411,663 6.155 2.435.79) TAP131BLE FL¥E)A88Ef8 Fixtures Lengad fittMgs Totds Al1 January 2023 A(kJitions 18,397 1,033 19,430 245,944 245.944 131 Docember )JfJ 245,944 18,397 1,033 265,374 CEPRECHm¢J4 Al1 January 2023 Charye for ye 5,515 2,576 1,033 2576 At 31 OK4mter 2023 6,091 1,033 9,124 IEfBcKX( VALI At 31 Decemter 2023 245,944 10,306 256,250 A131 Demter2O22 12,882 12.882 In an vdth th8 $$3 gted by elMSf0rd Clo53n Reaisty 8 August 2022. Henhan PCC h88 nmwced a reCKd6ng and extension proJ&t during Ihe fiscal year, inujrring exFenditures totallirrfJ £214.535. The is currenly in kwress and Is anticipa11 to re** Mplean by autumn 2024. Pagg11
TrE PAROCHL4L (%IJi(>I CCXINcaL OFTrE THEVIRGII, HEPL4M )IESTOThE FNANM STATEMENTS.¢onllnwl FOR THEYEARENfED 31 fEcEMBERW13 Lted iwestrnents RKEfvALUE Al1 J8nuary 2023 Athibons DispJ$d$ 301,288 130,4851 13,1031 At 31 Dnter2023 267,7frJ pEr BC#XVALUE AI 31 0mr2D23 267,7LIJ Al 31 DIrner 2022 301,288 The no inent as8818 t81th the UK FAIRVALUE Al1 January 2023 Imprnents 160,6C(J 17,1731 At 31 Decfjmt¢r 2023 153,436 NEfBOCI( VALI At31 December 20fJ 153,436 31 December 2022 160,609 Tho ChelTh81(Kd Diot88w Board ol Fin0 Is t8 h¢]kJer for Henh Stores, The proFety 18 held under 6 of thè PCC {Por$I Measure 19&8. Hgnhom PCC ore the t¢neficiori9s oflhis tiue ond 480 respJn%Ne fthe upkeepolthe stor. DEBTW. AM(XINT8FALLlPK tKEVllH140NE IEAR 31.12.23 31.12.22 Gnl tsx reC4)¥erje Otherdebters Prepaent9 ¢nd Incc4n8 978 13,949 2,4C6 820 19,128 8,381 17,333 28,329 Pa12
TrE PARcfiwL I>IURCH C(KINaL OF TrE ECQU4STIG4L PAFISH (F STIA4Frf TrEVRGIN, HEN IXIIESTOTrE FNITrKLIL STATEMSITS.¢ontknu FCftThEYFARENtED31 tECSfU12023 10. IxfffoR& AhKMJpifsFALL14GCiIEWITHwaiEYEAR 31.12.23 31.12.22 (Aher¢r&litors 32.054 15.192 11. CAEtlm AIW4TSFALLING WEAFIERMORE THANCEY84R 31.12.23 31.12.22 CXhercr8J 1,875 11,166 11 IAOVEIWIN BJND8 Transfws Al 31.12.23 At1.1.23 in lund8 nd8 iknmtrkt•l lund• Generd fijnd 17,932 2.730 20,662 fund• ReStted 2,411,663 14,592 744 2,426.999 Endomnwrt fvndi ENDOWMENTS 8,155 732 17441 6,143 2,435,750 18.054 2,453,8 I movem•fit in lJnd$, indud&J Ml the abov8 am as fdhm.. Intrjming Sree1 P£thr eynd Gaing and m0me in LknrMtrkj fvnd• General fund 3,964 11.2341 2,73JJ Falrfct lundj Restrided I2,3&8 177,5201 110,2761 14,592 End0tjndI ENDOWMENTS 532 732 TOTAL FiThIJS 1C6,352 118,5541 19,7441 18,054 P4e 13
THE PARcK>IL CFttiRCH CCMJNCILCF THE ECCLESK8TIQIL (F STIIAK TrEVIRGW, HEN FOR TrEYFAREM)ED31 DECa8ER2023 12. kThEPENT IN BJU.¢onlinued C4mpwth fund• Not Translef8 Al 31.12.22 At 1.1.22 in lurKIs fuThls Unrntrfct•J lun Genwal lund 21,854 1,077 14,9991 17,932 R851rid&l 127,816 2.279,592 4,255 2.411.e63 Endownwbt ENDOWMENTS 6.355 19441 744 6,155 TOTAL FLA4DS 156,025 2,279,725 2,435,750 CompWth. net movement In lJnd8, Incknded in the 8bJY8gre & follm.. IncfJmSng resources PAKWT eypended G&n8 aTrJ Ic08e8 Mmment In fu1$ Lknmlrf¢t•d fvn General fvnd 2,327 I1,2} 1,077 PMtrkl•J fund• 2,361,095 1135,0131 53.510 2,279,592 Endo*Thl thjnth ENDOWMENTS 167 12LbJl 19111 [9441 TOTALFUPalS 2,363,589 1136,4631 52,599 2,279,725 AGyrMI yew12 monlh¥ and Ye¥l2 fflwth¥ LyJmt4ned 88fi)Iows', Tran8fers teln rundg mmment fu15 Al 31.12.23 At 1.1.22 Lknrn•ltht•J [dI Ge nd 21,854 3,807 14,g99 20,662 PA1 fvnd• Restncted 127,816 2,294,184 4,999 2,426,999 EndoMn•nt fvnd• ENDOWMENTS 6J55 6,143 156,025 2,297,779 2,453,804 P&Je14
TrE PAROCHLIL C>AIiCH COiA4CIL OFTrE EC<lESThG4L PAF (F ST IIAIYY TrEvN, HEN PTEsT07FE FIWICL4L STATEMwfs.¢orflnwJ FOR ThEYEARENDED 31 DEfafER2023 11 )VEIAEiif IN FL14DS.corrtlnurAI A Cufft 12 McthS and WkYyEar12 Mth5 comtm&J net moVent in fvndy, inclu in ts abrN• as kAkn.. Inojning resouS Gain8 wd Iclses Mobwnent in funds ex[nded Gener4 fund 6.291 12.4841 3.807 lund• Re8trtsJ 2,463.483 1212.5131 43,234 2.294.184 ENDOWMENTS 167 13791 (2121 TOTALFUNDS 2,469.941 1215,0171 42.655 2,297,779 13. There we nordatoj partytran¥*0n$ foTtheyg4rend&J 31 CMter 2023. Pag8 15
LETAILEDSTATEp1r0F FIP141#1ALACME8 FQR TrEYE4R EPIJED 31 DEc¥ER1)23 31.12.23 31.12.22 INC(thIEAND END(MlfNrs Donatron• l•J¥ Donatn$ 65,199 12,631 97.331 19,91S 2,232,977 S.OtKI 295 Legaries Grants AthisshJn8 1,tsJ1 78,831 2,355.518 Ren18 vj DNid8nds and intW881 4,800 21,499 2,400 4,560 26,299 6,960 Ch#11• acu111• Fees Inr8 1.222 Totsl Inc4Knkng [ca 106.352 2,363.589 W4e¥ &xlal Senty OtheroF4f8llng ageS Ratss and w8ter In8urarKe hl and heal P08t8ge and stsb'crt¥y Sunth'es Churth mointsTr8nt8 refvrbl8hmer*l serv u)51s And oihwas8wated o)8ts 8endce Mekendld8y wy Lut Pbnl and machinery Grants to ins1i(utK)n5 Grwts k> Wldul9 14,761 3,054 10,45B 153 3,071 1,873 20 221 15,011 1,091 7,849 979 631 770 876 11,015 1,100 8,217 2,576 8,858 2.163 3,221 9,164 56,525 52.115 hkn4•ment Parish share 16,296 79,267 Bwk 96 104 Thts pap d$ rK)t fcfm partolthe 5tautory finarKial ststements 16
TrE PARCThiIL C*IURCH CA)UNCaL CFTrE EC1XE8TIQIL PAWI OF sTlF TrEVfiGIN. trENPiAM DEfALB)STATEIENf(F FIWIXL ACINMES FCR TrEVEARENtED 31 DECENeER2Q23 31.12.23 31.12,22 Fknmr ah Ltyht a1 he 2,802 12851 fJ)vemanco¢tI AL110r$, rwnunerabr 2.835 5,262 rewuryxsexwd&J 78,554 136,463 Nqt Inciwn• bthgalnl and lo• 27,798 2,227,126 PAdh•J gdni Iom Realj g•npJlbssesl fixfJJ asset InStl& (9,7441 52,599 n• 18,054 2,279,725 Thi4 dces notfrxrn part ofts slatulory finanoal statemt$ P&Je17