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2023-12-31-accounts

Page
Index to the Financial Statements
Charity Information
Trustees'
Report		 4-6
Statement ofTrustees' Responsibilities
Independent
Examiner's		 Report
Statement ofFinancial Activities
Statement ofFinancial Position 10
Statement ofCash Flows
Accounting
Policies		 12-13
Notes to the Accounts 14-19

2023 2022
Unrestricted Restricted Endowment Total Funds Total Funds
Notes
Income and endowments from:
Donations and legacies 12,196 1,029 13,225 86,646
Charitable
activities		 79 79 1,965
Other trading
activities		 21,893 21,893 11,486
Investments 89,679 89,679 98,453
Endowment
income		 9,524 9,524 6,024
Total income 123,847 1,029 9,524 134,400 204,576
Expenditure
on:
Raising funds 8 4,104 4,104 8,585
Charitable
activities		 9 127,613 857 128,470 233,396
Endowment
expenditure		 10 3,114 3,114 2,890
Total expenditure 131,717 857 3,114 135,688 244,871
Net gains/(losses)
on investments		 13 15,892 15,892 (22,669)
Net income/(expenditure)
funds		 and movement in (7,870) 172 22302 14604 (62)964)
Transfers
between		 funds 23 (394) 394
Reconciliation
offunds:
Total funds brought forward 17 1,998,454 21,470 358,576 2,378,500 2,441,464
Total funds carried forward 17 1,990,190 22,036 380,878 2,393,104 2,378,600

31December 2023 31December 2022
Notes
Fixed assets:
Tangible assets 12 1,940,000 1,940,000
Investments
Total fixed assets		 13 322,962
~EF3E2		 307,070
~V,076
Current assets:
Debtors 14 8,084 8,467
Cash at bank and In
Total current assets		 hand 15 144,243
~&27		 145,784
Creditors: amounts falling due within one year 16 22,185 22.821
Net current assets 130,142 131,430
Total net assets 2,393,104 2,378,500
The funds ofthe charity:
Endowmentfunds 380,878 358,576
Restricted
funds		 21 22,036 21,470
Unrestricted
funds		 17 1,990,190 1,998.454
Total charity funds 17 2,393,104 2.378,500
The Rev'd Erin IN Clark Benedict Jones-Wigiams
Trustee Trustee
(A Parochial
Church Council registered as a		 charity, n umber: 1148272)
Statement ofCash Flows
for the
ear ended 31December2023
Notes 2023 2022
E E
Cash flows from operating
acdviges:
Net cash used
in operating
activities		 (61.226( ~((42,466
Cash flows from investing
activities:
Dividends,
interest and rents from investments		 89,679 98,453
Net cash provided
by investing
activities		 89.679 98,453
Change
in cash and cash equivalents
in the		 reporting period (1,541) (44,013)
Cash and cash equivalents
at the beginning		 ofthe reporting period 145,784 189,797
Cash and cash equivalents
at the end ofthe		 reporting period 144,243 146,784
2023 2022
E E
1 Reconciliation
ofnet income/(expenditure)		 to net cash flow from
operating
activities
Net income/(expenditure)
for the reporting		 period (as per the statement offinancial
activities) 14,604.00 (62,964)
Adjustments
for:
Depreciation
charges		 198
(Gains)/losses
on revaluation
ofinvestments		 (15,892.00) 22,669
Dividends,
interest and rents from investments		 (89,679.00) (98,453)
(Increase)/decrease
in debtors		 383.00 (310)
Increase/(decrease)
in creditors		 (636.00) (3,605)
Net cash provided
by (used in) operating		 activities 91,220 142,466
2023 2022
E E
2 Analysis ofcash and cash equivalents
Cash in hand 144,243 145,784
Total cash and cash equivalents 144,243 145,784

1 Incoming resources Incoming resources
The incoming resources
and surplus are attributable		 to the principal activities ofthe charity.
2 Net incoming resources 2023 2022
Nef incoming resources are stated alter chaniing: E E
Independent Examiners fees - Independent Examination services 1,200 1,200
Depreciation - owned assets 198

2023 2022
3 Donations
and legacies		 Unrestricted Restricted Total Total
E E E E
Personal donations 3,315 3,315 2,370
Reclaimed
gift		 aid 3,833 3,833 428
Planned
giving		 2,022 2,022 1,712
Grants
& reimbursements		 2,000 1,029 3,029 81,024
Collections 1,026 1,026 1,114
5~4
2023 2022
4 Charitable
activities		 Unrestricted Restricted Total Total
E E E E
Fees for occasional services 79 79 765
Church events 79 1,200
,'BE
2023 2022
8 Other trading activities Unrestricted Restricted Total Total
E E E E
Hall hire 21,893
~E,		 21,893 11,486
11,4
2023 2022
8 Investments Unrestricted Restricted Total Total
E E F E
Rental income 87.000 87,000 97,733
Bank interest received 2,679 2,679 720
2023 2022
7 Endowment income Total Total
E E
St Philip's
Hall: interest received		 2,336 3,110
National Schools: interest received 754 131
Institute: interest received 4,367 761
StJames Church Expenses: dividends received 2,009 1,998
St Philip's
Hall: dividends		 received 58 24
2023 2022
8 Raising funds Unrestricted Restricted Total Total
E F E E
Watch House costs 4,104
' ljr		 4,104
4,104		 8,585
F5%

2023 2022
9 Charitable
activities		 Unrestricted Restricted Total Total
E E E E
Common
fund		 49,944 49,944 49,948
Salary/honorarium 3,773
Home mission 2,468 274 2,742 4,284
Clergy expenses 320
Rectory costs 1,456 1,456 1,689
Church requisites 630 630 3,644
Children
&Youth		 34 583 617 956
Insurance 5,485 5,485 4,966
Printing,
postage &stationery		 3,017 3,017 2,619
Telephone costs 632
PR & marketing 825 825 2,395
Heat, light &water 5,360 5,360 6,723
Church
running
costs		 2,782 2,782 2,918
Cleaning exps 4,988 4,988 1,381
Architect/Surveyor fees 4,148
Church repairs 8 maintenance 11,315 11,315 108,630
Parish
hall costs		 9,667 9,667 9,934
Education
&training		 3,902 3,902 500
Events &outings 2,266 2,266 3,128
Sundry expenses 1,137 1,137 100
Bank charges 68 68
Legal & professional fees 9,447 9,447 7,226
Depreciation 198
Independent
examination		 fees 1,200 1,200 1,200
Administration
fees		 11622 11622 12 004
127,613 857 128,470 233,396
2023 2022
1O Endowment
expenditure		 Total Total
E E
National Schools: Church requisites 754 131
Institute: Church maintenance 351 761
StJames Church Expenses: Church running costs 2009 1 990
3,114 2,890
11 Staff costs 2023 2022
E E
Staff salaries Nll 3773
3,773

Computer Land 5
12 Tangible fixed assets equipment buildings Total
E E E
Cost
As at 1 January 2023 1,304 1,940,000 1,941,304
As at 31 December 2023
Depreciation
As at 1 January 2023 1,304 1,304
Charge for the year
As at 31 December 2023 1,
4
Net book value
As at 31 December 2023 1,940,000 1,940,000
As at 31 December 2022 1,940,000 1,940,000
Permanent Expendable
13 Investments Endowments Endowments Total
E E E
Market value
As at 1 January 2023 192,898 114,172 307,070
Revaluations
As at 31 December 2023		 15,892
~mr77I6		 15,892
~&In
Historical value at at31December 2023 94,462 114,172 206,634
Expendable Endowments -St E114,172cash held
in		 a CBFDeposit Fund, the income ofwhich is restricted to
James Institute ecclesiastical
purposes		 which have the approval ofthe incumbent.
'Permanent Endowments- 3,252 CBFinvestment Fund Shares valued at E73,512at the year-end,
the income		 ofwhich
Church Expenses Fund is restricted to church expenses.
Permanent Endowments -St 5,730.19COIF Income Units valued atE113,716at the yearwnd. The fund is restricted to
Phigp's
Hall		 the improvement
ofthe premises.		 Interest on this account is currently
accumulated		 in the St
Philip's
Hall restricted		 fund which is represented
by a COLA CBF		 Deposit Fund. This
account is to recoup capital spent on a central heating system
in		 1977.
Permanent Endowments -St E1,844 cash held
in a		 CBFDeposit Fund. The fund is restricted to the improvement ofthe
Phgip's
Hall		 premises. Interest on this account is currently
accumulated
in the		 St Philip's Hall restricted
fund which is represented
by a CCLA CBFDeposit Fund. This account is to		 recoup capital
spent on a central heating
system		 in 1977.
Permanent Endowments- E19,717cash held
in a CBFDeposit Fund, the income ofwhich		 is restricted to religious
and
National Schools charitable
work in the		 parish.
Debtors: amounts
falling due within one year
Prepayments		 Debtors: amounts
falling due within one year
Prepayments		 2023
E
8,084		 2022
E
8,467~
~~
Bank and cash in hand 2023 2022
F E
Bank current account 4,086 5,197
Bank deposit account 67,203 72,255
COLA deposit account 27,951 27,083
COLA rent deposit account 19,738 19,125
COLA deposit account - St Phillip's Hall 25,265
, ~		 22,124
m~n, r

18 Creditors: amounts falling due within one year 2023 2022
E E
Rent deposit held 20,988 20,375
Accruals 1,197 1,196
Deferred income I 25D
22,185 22,821
17 The funds ofthe charity: current year Opening
balancef		 Resources
erlelnef
Resources
uiiiised
E		 Other
movements
E		 Closing
balance
E
BtM(db(adam@
Endowmentfunds
Restricted
income funds
Total rastricled		 funds 358,576
21 470
30D046		 9,524
(3,114)
I 029 ~857
10553 ~3974		 15,892
394
16286		 380,878
22 036
40291
jammtdafttdfuada
Designated
funds
General funds
Total unrestricted		 funds 1,975,000
2345
I 990454		 5,000
110047 ~31717
123847 ~131717		 ~394
~304		 1,980,000
ID190
I 99D190
2,370~Il~ 1344DD ~185600 15,892 2 393104
Opening Resources
Resources		 Other Closing
18 The funds ofthe charity: prior year balance arising
utglsed		 movements balance
E E
E		 E E
BM(dQlftfffttada
Endowmentfunds
Restricted
income funds
Tolet iestncted		 funds 378,111
22019
DD 130		 6,024
(2,890)
79233 ~103033
85257 ~111723		 (22,669)
29 DDI
6302		 358,576
21
7D
300046
jfaatafdafttdfaada
Designated
funds
General funds
Total unreslricled		 funds 1,970,000
71 334
2 D4
334		 5,000
114319 ~133140
119319 ~133148		 ~29D51
~29051		 1,975,000
23464
I 998454
2441. 6 2D4,576 ~244,071 ~22609 2,378500
Opening Resources
Resources		 Transfers 8 Closing
19 Designated
funds:		 current year balance arising
utgised		 adjustilients balance
E E
E		 E E
Fixed asset funds 1,940,000 1,940,000
Major works sinking fund 35 011~ ~ DOD 40 ODO
1,975,000 5,000 1,980,000
Opening Resources
Resources		 Transfers 3 Closing
20 Designated
funds:		 prior year balance
E		 arising
E
utgised
E		 adjustments
E		 balancef
Fixed asset funds 1,940,000 1,940,000
Major works sinking fund 3D DDO ~ DDD 35 ODO
1,970,000 5,000 1,975,000
Fixed asset funds This fund represents
the amount ofcharity funds locked up in freehold
land and		 buildings
and other gxed assets which are needed for operational
purposes.		 The funds are cerned
at
the net book value ofthe fixed assets at the balance sheet date, atter deducting any
outstanding loans, endowment funds or restricted
funds used to finance their acquisition.		 l
Major works sinking fund The fund represents the amount ofcharity funds set aside for possible
building		 works
in
future

fo rthe
earended		 31Dec ember2023
Opening Incoming Resources Tfsiisfeis 5 Closing
21 Restricted funds: current year balance ISSOUICSS expended adjustments balance
E E E E E
Bells 851 851
Food Bank 418 418
St Philip's
Hall Fund		 15,678 15,678
Queen Adelaide
Miss Vaughan's
Choir Church		 Charity
Spitalfields		 Charity 2,520
1,814
189		 650
379		 274
583		 394
~4		 2,896
2,193
~55
Opening Incoming Resources Transfers 6 Closing
22 Restricted funds: prior year balance ISSOUICSS expended sdjustmsnts balance
E E E E E
Bells 851 851
Food Bank 818 1,200 1,600 418
StPhilip's
Hall Fund		 15,678 15,678
Queen Adelaide Charity 2,092 550 122 2,520
Kitchen/ Toilet refurbishment 77,104 106,154 29,050
Miss Vaughan's Spitalfields Charity 1,435 379 1,814
Choir Church 1,145
~r'mr		 956
10(r((22		 189

Projects financed
by restricted		 Projects financed
by restricted		 funds are supported by unrestricted funding funding where necessary.
This occurs		 where necessary.
This occurs		 where necessary.
This occurs		 where necessary.
This occurs		 where the funding where the funding is in
arrears or the incidence ofexpenditure on the project occurs disproportionately
at the beginning
ofthe project compared		 to the
income flows. Where restricted projects end the year with a deficit, this is met by after yearwnd
restricted		 income ortransfers
from unrestricted
funds.
Bells Funds received for restoration ofChurch Bells.
Food Bank Funds administered
on behalf		 of Bow Food Bank.
StPhigp's
Hall Fund		 Funds received for purchase or refurbishment ofpremises.
Queen Adelaide Charity Funds received for Home mission.
Miss Vaughan's
Spitalfields		 Funds received for Home mission.
Charity
Choir Church After school singing
club for primary		 school children.
General Designated Restricted Endowment
23 Transfers
between funds: current year		 funds funds funds funds Total
General to restricted
General to designated		 (394)
~5555		 5,000 394
(5,394) 5,000 394
General Designated Restricted Endowment
24 Transfers
between funds: prior year		 funds funds funds funds Total
General to restricted
General to designated		 (29,051)
~5555		 5,000 29,051
(34,051) 5,000 29,051
General Designated Restricted Endowment
25 Net assets attributable to funds: current year funds funds funds funds Total
E E E E
Tangible
fixed assets		 1,940,000 322,962 2,262,962
Current assets 32,375 40,000 22,036 57,916 152,327
Current
liabilities
Net assets represented		 by funds 22,185
DDnDD		 ~i, Irln 555r ~IIIDDr 22,185
drov4

General Designated Restricted Endowment
39 Net assets attributable to funds: prior year funds funds funds funds Total
8 6 5 8
Tangible fixed assets 1,940,000 307,070 2,247,070
Current
Current		 assets
liabilities		 45,025
~21511		 35,000 22,720
~255		 51,506 154.251
~22 521
Net assets represented by funds 23454 1 975000 21470 358576 2 378500