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← St John's Church,belmont

2023-12-31-accounts

St John's Church Belmont

A Church of England and Methodist Church Registered Charity No. 1144611

Annual Report and Financial Statements 2023

ST JOHN’S CHURCH, BELMONT

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE ECUMENICAL CHURCH COUNCIL FOR THE YEAR ENDING 31 DECEMBER 2023

CONTENTS

Objectives and activities for the public benefit 3
Achievements and performance 3
Fundraising 4
Financial review 5
Reserves policy 6
Volunteers 6
Structure, governance and management 6
Risk management 8
Safeguarding 8
Health and safety 8
Administrative information 8
Independent Examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12

Title page photograph: St John's Church, Easter 2024

2

Objectives and activities for the public benefit

Our Mission Statement is: “ St John’s Church exists to share our faith in Christ and the love of God, by loving and helping our neighbours in the local community. We will work to: make our church a vibrant place of worship; support each other; reach out with courage to people of all ages in Belmont and make them feel welcome to come to St John’s in good times and in bad for support, fellowship and spiritual growth”.

We achieve this by the primary objective of St John's Church which is the promotion of the Good News of our Lord Jesus Christ according to the doctrines and practices of the Church of England and the Methodist Church.

The Ecumenical Church Council (ECC) has the responsibility of co-operating with the incumbent in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical within both the ecclesiastical parish of Belmont and the Sutton Methodist Circuit. It also has the maintenance responsibilities for the parish church buildings in Belmont.

Achievements and performance

During 2023 we met for a parish lunch and updated our Missions Action Plan (MAP) which had not been reviewed since 2019. The lunch was very successful, expanding on the ideas which we had had in 2019 which we had mostly achieved. Our new Mission Action Plan is displayed at the back of the church for all to see.

Having received our five-yearly Quinquennial Report in 2022 for both buildings and electrics we made a start in determining what was urgent. It transpired that our wiring was very old and needed to be replaced as a matter of urgency so we arranged for designers to come to advise us as to what needed to be done as well as what new lighting we needed to have, and during last summer all these items were put together so that the necessary faculty could be obtained before the work was commenced.

We applied for the faculty on 1 November so that the Diocesan Advisory Board could consider the application at their 14 November meeting, and it was agreed subject to public notification and agreement by the Chancellor of the Southwark. We still await the formal faculty although the process has been completed. We are hopeful that the work will be completed as soon as possible this year.

We have also applied for a faculty for some possible reorganisation of the back of the church and wait for that paperwork.

As usual we have had several weddings, funerals and christenings and a large attendance at the Crib Service on Christmas Eve. We have welcomed Belmont residents to have coffee after the Remembrance Day service.

3

The ECC has continued to hold its bimonthly meeting on Zoom although the Standing Committee meeting is now held in person.

The refurbishment of the kitchen and the hall heating which was started last year has finally been completed save that we need to install a new heater to warm the kitchen in the winter and to redecorate. Hopefully the kitchen will be finished by the winter.

Bookings of the hall grow steadily, and it is now paying for itself, but the Belmont Village PreSchool which has used our Meeting Room for more than 30 years closed in December 2023. On their leaving and clearing out we found that we have a damp problem and have consulted our Building Surveyor as to what we do next. Part of the problem may be linked to the flat roof: we are investigating what can be done and how quickly so that the room can be let once again.

There were 91 members on the Church Electoral Roll as at December 2023 (93 in 2022) 67% (67%) of whom live outside the parish. There were seven members on the Methodist Electoral Roll at November 2023. Since last year the number of attendees at our services has increased with the "usual" Sunday service attendance being towards 50 now (with perhaps two children except when Sunday Club is held when five or more children attend). Our fastest growing service is Evensong on the first Sunday in the month when we have doubled the numbers.

Fundraising

As mentioned last year refurbishing the hall kitchen and sorting out our hall heating system has been funded by a mixture of using our increased income and of donations from church members for the purchase of individual kitchen items and for work more generally.

Our major fund-raising, starting near the end of the year and continuing, is for the cost of rewiring, new lighting and a new sound system for the church. We need to raise more money than we had expected in part due to the increase in the costs of the works because of inflation. We are in the process of going to tender for the works and will then know the current costs. We have taken expert advice at every stage.

Our financial planning continued to be helped by the great majority of church members who give by standing order under the stewardship scheme. Our card reader in church, installed in 2021, also helps in encouraging giving.

During the year we benefited from a government scheme to recover the VAT we had paid for some of our listed building costs.

Grant Awarding Body Purpose of Grant Grant awarded in respect of
the year to 31 December
2023
Listed Places of Worship
Grant Scheme		 Recovery of VAT costs on
certain spend related to the
listed church building and
attached hall		 £1,771

4

Financial Review

The surplus on Unrestricted Funds was £399 for the year (£9,461 in 2022). Before depreciation, the surplus on Unrestricted Funds was £10,389 (£18,612 in 2022).

Receipts on Unrestricted Funds fell by 8% (£9,653) compared with 2022, to £118,935. This reduction was primarily a consequence of a fall in receipts from planned giving and other voluntary income of 14% (£11,775). This fall was partly mitigated by an increase in hall and room lettings of 5%, (£1,886) compared with 2022, to £38,707 in 2023.

We continue to be grateful for and heavily reliant on voluntary giving, as can be seen in the following graph showing our sources of income. Income from hall and room lettings as a proportion of unrestricted income has increased from 29% in 2022 to 33% in 2023.

UNRESTRICTED INCOME

----- Start of picture text -----
4%
33%
63%
Voluntary Income Hall & Room lettings Other Income
----- End of picture text -----

Of the 63% voluntary income (67% in 2022), about 77% (77% in 2022) came from planned giving (including recoverable tax), i.e. those giving by bank standing order or envelopes. This is a particularly useful method as it allows us to plan our cash-flow much more easily (particularly receiving payments by standing order). The total amount received from legacies in the year was £2,835 (£6,500 in 2022). We currently have 47 individuals who give on a regular basis signed up for Gift Aid and a further eight regular givers not on Gift Aid (50 and six respectively in 2022).

The income from the hall lettings (included above) increased by 5% with the costs (before building depreciation) reduced by 12%. The reduction in costs was materially impacted by a fall in maintenance work. However, utility costs rose significantly. Costs excluding utilities fell by 31%. The Community Hall generated a surplus (prior to building depreciation) of £12,824 (2022 surplus £7,252).

The vast majority of our expenditure is on charitable activities, a significant part of which is the Diocesan Parish Share which, together with the Methodist Circuit payment, accounts for 32%

5

(2021 29%) of the Charitable Activity expenditure and 32% (2022 29%) of our total unrestricted expenditure. We are very mindful of our level of expenditure and continue to look at ways to reduce it as far as is practicably possible.

Reserves Policy

“Reserves” are those parts of the ECC’s funds which are freely available. This definition therefore excludes the following funds held by St. John’s:

Note 10 to the Financial Statements shows the Reserves at 31 December 2023 of £92,145. The 2023 level of expenditure relating to these Reserves was £109,187: £118,536 (unrestricted resources expended) less £8,719 (hall designated depreciation).

It is the ECC’s policy to maintain a balance on these funds (as far as possible) which equates to approximately nine months’ unrestricted expenditure to cover emergency situations that may arise from time to time. The actual balance held represents ten months (2022: nine months). The increase in reserves as a proportion of expenditure is a consequence of continued careful management of costs.

Following discussions with the Diocese of Southwark, the ECC paid all of its pledge of £36,500 for the 2023 year and will increase its Parish Support Fund contribution to £40,000 for the 2024 year. The ECC has committed to keep its financial position under review with the aim of increasing its pledge further, where funds allow.

Volunteers

Many aspects of the life of the church are supported by volunteers. We are very grateful for all who work so hard for St John's and the local community.

Structure, governance and management

St John's Church, Belmont, is part of the Diocese of Southwark within the Church of England, and the Sutton Circuit within the London District of the Methodist Church.

The Ecumenical Church Council (ECC) is the decision-making body of St John's Church, Belmont, which is an Anglican and Methodist Local Ecumenical Partnership. The ECC is a registered charity.

The Parochial Church Council (PCC) is a corporate body established by the Church of England and is the statutory recognised body of the Parish Church of St John, Belmont. It operates under the Parochial Church Council Powers Measure.

6

Under the Constitution of 2011, and according to Standing Order 611 of The Constitutional Practice and Discipline of the Methodist Church 2011 the ECC acts as the Methodist Church Council for all matters appertaining to the governance of the church. Methodist members continue to meet at least once a year for matters appertaining to specifically Methodist functions, for example to elect a Methodist Steward and Circuit representatives.

All matters relating to the church as the Anglican parish church, where PCC involvement is legally required, are made by the ECC, and subsequently ratified by the members of the PCC.

The ECC consists of all clergy and ministers of the Local Ecumenical Partnership (ex-officio), and up to 12 elected members. In addition the ECC can co-opt up to a further four members. Elected members of the ECC are elected at the Annual Church Meeting. Co-opted members may be co-opted at any time required and can remain until the next Annual Church Meeting at which time they may stand for election. Members of the PCC and Methodist officials would normally stand for election to the ECC at the Annual Church Meeting. Elected members must be either on the Anglican Electoral Roll or a Methodist member of St John’s Church. If voting is required, only church members who are on the Anglican Electoral Roll or a Methodist Member of St John’s Church are eligible to vote at the Annual Church Meeting.

Under Church Representation Rules, the annual accounts are presented by the ECC to the Annual Church Meeting, and subsequently to the Diocese of Southwark by the PCC.

The Standing Committee of the ECC has the power to transact the business of the ECC between meetings, subject to directions given by the ECC. It has met regularly through the year. Membership is the ECC chairman, churchwarden, treasurer, incumbent and a further ECC member, currently the PCC Secretary.

The ECC is elected under the Constitution adopted on 10 April 2011. ECC members, and therefore Trustees, who have served at any time from 1 January 2023 to the date of this Annual Church Meeting, are as follows, together with the periods for which they serve.

Ex officio Reverend Bethany Lewis, Incumbent Reverend Anne Doerr, Associate Priest Reverend David Dickenson (to retirement in September 2023) and Reverend Catherine Hutton (from September 2023), Methodist Circuit Superintendent Mr John Newson, Deanery Synod member (May 2023 to May 2026) Elected Mrs Philomena White, Chairman (May 2022 to May 2025) Mr Peter Baker (May 2022 to May 2025) Mrs Caroline Everson (May 2022 to May 2025) Mrs Julie Ferguson (May 2021 to May 2024) Miss Eleanor Pinfold, Churchwarden (May 2023 to May 2024) Mrs Anthea Winterton (May 2023 to May 2026) Mr Anthony Woolfenden, Treasurer (May 2021 to May 2024)

Mr Darren Murton is the church's Accountant (non-ECC member).

7

Risk management

In managing financial risk we continued to take out insurance cover whenever feasibly practical and reasonable.

Safeguarding

As a Local Ecumenical Partnership we are obliged to follow the safeguarding policies and procedures for children, young people and vulnerable adults of one of our constituent denominations. St John’s Church follows the policies of the Diocese of Southwark. The ECC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). With the agreement of the Methodist District, St John’s uses the Church of England safeguarding resources to disseminate information and good practice to all the church members involved in looking after children and vulnerable adults, and to the church officers.

We are grateful to our Parish Safeguarding Officer for all her work during the year.

Health and Safety

St John’s has the following policies, all available for reference:

Anti-bullying & anti-harassment; Contractor induction procedures; Contractor procedures control; Data privacy; Disciplinary and grievances; Fire procedures; Health and safety; Lone workers; Pastoral visits; Recruitment of ex-offenders; Risk assessments (for all regulated activities); Safeguarding; Substances hazardous to health policy control; Unaccompanied and uncollected children guidance.

Administrative Information

Address: St John's Church, Northdown Road, Belmont, Surrey, SM2 6DY Correspondence to: Church Office at the above address Email: office@stjohnbelmont.org.uk Telephone: 0208 643 4656 Website: www.stjohnbelmont.org.uk Registered Charity number: 1144611

The Church’s bankers are: HSBC Bank plc, 5 Wimbledon Hill Road, Wimbledon, SW19 7NF National Westminster Bank plc, St. Nicholas Centre, Sutton Scottish Widows Bank plc, Edinburgh (part of Lloyds Banking Group)

The Church’s independent examiner is Mrs A.J. Griffiths, Belmont, Surrey.

8

Independent Examiner’s Report to the members and trustees of St John’s Church, Belmont Ecumenical Church Council

I report on the accounts for the year ended 31 December 2023 which are set out on pages 10 to 19.

Respective responsibilities of the Trustees and the Independent Examiner

The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no matters have come to my attention:

9

ST. JOHN'S CHURCH, BELMONT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31st DECEMBER 2023

Note
INCOME AND ENDOWMENTS
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
Other income
2(e)
TOTAL INCOME
EXPENDITURE
Church activities
3(a)
Raising funds
3(b)
Total expenditure
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
10
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARIED FORWARD		 Unrestricted
Funds
£
75,213
39,165
1,524
1,742
1,291		 Unrestricted
Funds
£
75,213
39,165
1,524
1,742
1,291		 Restricted
Funds
£
5,731
0
0
0
0
2023		 Restricted
Funds
£
5,731
0
0
0
0
2023		 Total Funds
£
80,944
39,165
1,524
1,742
1,291		 2022
Total Funds
£
89,455
38,083
326
3,081
130
118,935 5,731 124,666 131,075
118,347
189		 5,628
0		 123,975
189		 124,609
146
118,536 5,628 124,164 124,755
399
0		 103
0		 502
0		 6,320
0
399
335,888		 103
179,426		 502
515,314		 6,320
508,994
336,287 179,529 515,816 515,314

The attached notes 1-13 form part of these Financial Statements

10

ST. JOHN'S CHURCH, BELMONT BALANCE SHEET AS AT 31st DECEMBER 2023

Note
FIXED ASSETS
Tangible
8
CURRENT ASSETS
Debtors
Prepayments & Accrued Income
Cash at Bank and in hand
Bank Deposit accounts
Bank Current accounts
LIABILITIES
Creditors - amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL NET ASSETS
CHURCH FUNDS
Unrestricted Funds
General Fund
10
Designated Funds
10
Restricted Funds
10
TOTAL FUNDS		 £
£
417,943
417,943
13,360
71,155
25,774
96,929
110,289
12,416
97,873
515,816
64,462
271,825
336,287
179,529
515,816
2023		 £
£
417,943
417,943
13,360
71,155
25,774
96,929
110,289
12,416
97,873
515,816
64,462
271,825
336,287
179,529
515,816
2023		 2022
£
429,954
429,954
18,547
21,105
72,484
93,589
112,136
26,776
85,360
515,314
59,615
276,273
335,888
179,426
515,816 515,314

Approved by the Ecumenical Church Council on 29 April 2024 and signed on their behalf

Mrs Philomena White Chairman

11

NOTES TO THE FINANCIAL STATEMENTS

Note 1. Accounting policies & assumptions

Financial Statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102.

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body (Mothers’ Union, Guides, Scouts), nor those that are informal gatherings of church members.

Going Concern

The financial statements have been prepared on the going concern basis as the church has the support of the Diocese and its congregation.

Funds

Restricted Funds represent donations or grants received for a specific object or invited by the ECC for a specific object. The funds can only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund. The ECC does not invest separately for each fund.

Unrestricted Funds are general funds which can be used for ECC ordinary purposes. These include Designated Funds which are general funds set aside by the ECC for a particular purpose; however, they can be transferred back for ordinary purposes.

Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

  1. the ECC becomes legally entitled to the benefit of use of the resources;

  2. their ultimate receipt is virtually certain; and

  3. the monetary value can be measured with sufficient reliability.

Grants and donations

These are included in the SOFA when any pre-conditions preventing their use by the ECC have been met. For collections and planned giving, this is when the funds are received.

Gift Aid and other tax claims

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

12

Investment Income

Investment income is included in the accounts when receivable.

Rental Income

Rental income from the letting the Community Hall is recognised when the rental is due.

Activities for generating funds

Funds raised from events and trading activities are included gross in the SOFA, that is, before any related costs are deducted (these costs are shown in note 3(a)).

Volunteer Help

The value of voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Expenditure and liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

Fixed Assets

Land and buildings

Consecrated and beneficed property is excluded from the accounts by sections 10(2) (a) and (c) of the Charities Act 2011.

The hall is not a consecrated building, and therefore is included in the assets. The hall building is depreciated on a straight-line basis over 50 years. The land is not depreciated.

Other Fixed Assets

Equipment used within the church premises (including within the Community Hall) is depreciated on a straight-line basis over a maximum of four years.

Current Assets

These include amounts paid in advance (maintenance contracts etc.) at 31 December 2023, for which the full service has not been received.

Amounts recoverable from HM Revenue and Customs in respect of Gift Aid are included.

Liabilities

These cover accruals and creditors in respect of amounts owing at 31 December 2023, but not paid by the ECC as at that date.

13

2
INCOME AND ENDOWMENTS
2(a) Voluntary income
Planned Giving:
Gift aid donations
Tax Recoverable (all)
Other
Collections at Services
Grants
Donations, appeals, etc.
Legacies
2(b) Activities for generating funds
Coffee / Cake Sales
Hall and Room Lettings [note 5]
Parent & Toddler Group Fundraising [note 4]
2(c) Income from investments
Interest
2(d) Church activities
Fees for Weddings & Funerals
2(e) Other income
Sundry Income
TOTAL INCOME AND ENDOWMENTS
note		 Unrestricted
Funds
£
44,529
13,953
2,425
895
3,507
7,069
2,835		 Unrestricted
Funds
£
44,529
13,953
2,425
895
3,507
7,069
2,835		 Restricted
Funds
£
5,731
2023		 Restricted
Funds
£
5,731
2023		 Total Funds
£
44,529
13,953
2,425
895
3,507
12,800
2,835		 2022
Total Funds
£
49,626
15,015
2,121
1,009
3,615
11,569
6,500
75,213 5,731 80,944 89,455
378
38,787
0		 378
38,787
0		 836
36,901
346
39,165 0 39,165 38,083
1,524 1,524 326
1,524 0 1,524 326
1,742 1,742 3,081
1,742 0 1,742 3,081
1,291 1,291 130
1,291 0 1,291 130
118,935 5,731 124,666 131,075

14

2023 2022
Unrestricted Restricted
note Funds Funds Total Funds Total Funds
£ £ £ £
Expenditure
3(a) Church activities
Donations:
Local Charities 0 0 35
Diocesan Parish Assessment 36,500 36,500 33,000
Methodist Circuit payment 1,600 1,600 1,495
Music Salaries & Fees 2,150 2,150 6,097
Church Office 1,129 1,129 1,155
Church Administration 10,042 10,042 8,456
Clergy expenses 87 87 27
Church Insurance 3,358 3,358 3,017
Church maintenance & upkeep of grounds 7,972 7,972 12,652
Major repairs - structural renewal 0 0 0
Upkeep of Services 820 820 380
Votive Candles 0 0 0
Choir and music expenses 591 591 439
Outreach 32 32 666
Sections' Expenses [note 4] 0 0 297
Flowers 686 686 1,318
Miscellaneous expenses 1,766 1,766 395
Church Asset Depreciation 3 3 65
Church Utilities 11,387 11,387 7,618
Bookstall 0 0 0
Hall Running Costs [note 5] 34,682 5,628 40,310 43,996
Legal & professional fees 5,240 5,240 2,540
Bank charges 122 122 191
Licences 180 180 770
118,347 5,628 123,975 124,609
3(b) Raising funds
Costs of operating Stewardship 113 113 116
Social Activities 76 76 30
189 0 189 146
TOTAL EXPENDITURE 118,536 5,628 124,164 124,755

15

note

4 Sectional Activities

Sectional Activities
Income
Entrance/Membership Fees
Fundraising etc.
Expenditure
Choir Expenses
Equipment & Consumables
SURPLUS / (DEFICIT)		 Playgroup
£
0
0		 Choir
Total
£
£
400
400
0
0
0 400
400
0
0		 464
464
0
0
0 464
464
0 (64)
(64)

Amounts are shown under the relevant headings within the Statement of Financial Activities

5 Hall & Room Lettings & Running Costs

Hall & Room Lettings & Running Costs
2023 2022
£ £
Rental income 38,787 36,901
Utilities 12,170 9,804
Insurance 589 531
Maintenance 7,830 13,813
Cleaning 2,898 3,182
Hall Management Salary 1,208 1,952
Depreciation - Equipment 1,268 367
25,963 29,649
Operating Surplus 12,824 7,252
_Less:_Depreciation - Building 14,347 14,347
Total Surplus / (Deficit) (1,523) (7,095)

6 Employees, Staff Costs

Wages and salaries

2023 2022
£ £
13,856 17,400

16

note

6 Employees, Staff Costs (continued)

6 (a) Payments to ECC Members

Several ECC members (Trustees) have acted as agents for St. John's and made small value purchases on its behalf, for which the trustees have received reimbursement. This expenditure is not part of the services provided by the respective trustees, and therefore no individual disclosure is required.

7 Independent Examination Fee

An amount of £350 has been set aside in the accounts for the independent examiner's fee.

8 Fixed Assets

Fixed Assets
Cost
At 1 Jan 2023
Acquired in the year
Disposed during the year
At 31 Dec 2023
Depreciation
At 1 Jan 2023
Charge for the year
Disposed during the year
At 31 Dec 2023
Net Book Value
At 1 Jan 2023
At 31 Dec 2023		 Community
Hall & Land
£
730,263
0
0		 Office
Equipment
£
21,211
0
0		 Other Fixed
Assets
£
16,818
0
0		 Hall
Equipment
£
11,566
3,607
0		 TOTAL
£
779,858
3,607
0
730,263 21,211 16,818 15,173 783,465
301,298 21,211 16,815 10,580 349,904
14,347 0 3 1,268 15,618
0
315,645 21,211 16,818 11,848 365,522
428,965
414,618		 0
0		 3
0		 986
3,325		 429,954
417,943

17

note

9 Creditors and Accrued Charges
(amounts falling due in one year)
Creditors for goods & services
PAYE and NI Contributions
Other miscellaneous creditors
Parish Support Fund / Parochial Fees
Key deposits held from hall users
Other accrued charges
Deferred income		 2023
2022
£
£
5,390
17,419
100
687
2,287
3,427
3,694
3,291
815
815
0
0
130
90
12,416
25,729

10 Summary of fund movements

Unrestricted Funds:
General Fund (*)
Designated Funds:
New Hall Fund
Church Fabric ()
Playgoup ()
Choir ()
Total Designated Funds
Total Unrestricted Funds
Restricted Funds:
New Hall Fund
Church Fabric
Church Electrics
Parish Fellowship Fund
Zimbabwe Diocese
Total Restricted Funds
TOTAL FUNDS
_ - Freely Available Reserves_		 Balance
1/1/23
Surplus for
the year
Transfers in
the year
Balance
31/12/23
£
£
£
£
59,615
9,182
(4,335)
64,462
252,861
(8,719)
0
244,142
20,164
0
4,335
24,499
2,860
0
0
2,860
388
(64)
0
324
276,273
(8,783)
4,335
271,825
335,888
399
0
336,287
176,104
(5,628)
0
170,476
2,737
2,431
0
5,168
0
3,300
0
3,300
125
0
0
125
460
0
0
460
179,426
103
0
179,529
515,314
502
0
515,816
83,027
9,118
0
92,145

* - Freely Available Reserves

11 Analysis of net assets by fund

Analysis of net assets by fund
Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Funds
£
247,467
97,236
(8,416)		 Restricted
Funds
£
170,476
13,053
(4,000)		 Total Funds
£
417,943
110,289
(12,416)
336,287 179,529 515,816

18

note
12 Cash Flow Analysis
Net Income / (Deficit) for the Year
add back: Depreciation
less:
Fixed Asset Purchases
(Increase) / Decrease in Net Fixed Assets
(Inc.) / Dec. in Prepayments and Accrued Income
Inc. / (Dec.) in Creditors and Accrued Charges
(Increase) / Decrease in Working Capital
(Inc.) / Dec. in Investments
Increase / (Decrease) in Funds in the Year
Opening Bank & Cash Balances
Closing Bank & Cash Balances		 502
15,618
(3,607)
12,011
5,187
(14,360)
(9,173)
0
3,340
93,589
96,929		 502
15,618
(3,607)
12,011
5,187
(14,360)
(9,173)
0
3,340
93,589
96,929
3,340
93,589
96,929

13 Capital Commitments

As at 31st December 2023 there was no capital expenditure committed, nor approved awaiting commitment.

19