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← The Parochial Church Council Of The Ecclesiastical Parish Of St Luke Edgbaston Birmingham

2023-12-31-accounts

Unrestricted Restricted Total Total
funds funds 2023 2022
Notes 2 2 2 2
INCOME
Donations
and legacies		 1,128,524 61,513 1,190,037 1,507,505
Charitable
activiTies		 261,721 261,721 115,332
Trading activities 65,124 15,619 80,743 93,230
Investments 7,001 7,001 13,018
Other income 212,197 182,826 395,023 335,688
Total income 1,674,567 259,958 1,934,525 2,004,771
EXPENDITURE
Charitable
activiTies		 1,874,948 254,750 2,129,698 1,768,360
Total expenditure 1,874,948 254,750 2,129,698 1,768,360
NET (EXPENDITURE) IINCOME BEFOREGAINS AND LOSSES (200,381) 5,208 (195,173) 205,411
Investment
gains and losses		 18,474 18,474 (48,500)
Gain on disposal/revaluation offixed asset investments 6,793 6,793 60,000
NET (EXPENDITURE) IINCOME BEFORETRANSFERS (175,114) 5,208 (169,906) 307,911
Transfem
between		 funds (9,370) 9,370
NET MOVEMENT
IN FUNDS		 (184,484) 14,578 (169,906) 307,911
FUND BALANCES AT I JANUARY 2023 1,163,797 157,820 1,321,617 1,013,706
FUND BALANCES AT 31 DECEISBER2023 14 979,313 172,398 1,151,711 1,321,017

Group Charity Charity
2023 2022 2023 2022
Notes 6 6 6 6
FIXEDASSETS
Investments 614,974 1 614,975
Tangible assets 1,366,453 691,814 1,366,453 691,814
1,366,453 1,306,788 1,366,454 1,306,789
CURRENT ASSETS
Debtors 10 83,159 92,077 83,543 122,510
Cash at bank and in hand 638,514 697,103 638,514 697,103
721,673 789,180 722,057 819,622
CREDITORS: amounts falling
due within one year: (168,236) (177,077) (168,236) (187,077
NET CURRENT ASSETS 553,43'7 612,103 553,821 652,545
TOTAL ASSETSLESS CURRENT LIABILITIES 1,919,890 1,918,891 1,920,275 1,959334
CREDITORS: amount falling due
in more than one year 12 (768,179) (597,274) (788,179) (597,274)
1,151,711 1,321,617 1,152,096 1,362,060
FUNDS 13-15
Unrestricted:
Designated 563,223 155,593 563,608 196,036
Capital revaluation 238,025 238,025
Other unrestricted 416,090 770,179 416,090 770,179
979,313 1,163,797 979,698 1,204,240
Restricted 172,398 157,820 172,398 157,820
TOTAL FUNDS 1,151,711 1,321,617 1,152,096 1,362,060

==> picture [109 x 78] intentionally omitted <==

CASH FLOW STATEM ENT F OR T HE YEAR ENDED 31 DECEMB ER 2023
2023 2022
Notes 8 8
NET CASH FLOW PROVIDED SY OPERATING ACTIVITIES 1 (33,514) 371,749
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 7,001 13,018
Purchase offixed assets (525,587) (41,072)
Disposal ofinvestments 640,241 8,530
CASH FLOWS FROM FINANCING ACTIVITIES
Mortgage
repayments		 (4,969)
Diocese loan repayments (67,146) (66,363)
Gas Street Music loan repayments (10,000) (10,000)
Interest paid (64,615) (34,590)
NET CASH FLOW (58,589) 241,272
2023 2022
6 8
Cash at the end ofthe year 2 638,514 697,103
Cash at start ofthe year 697,103 455,831
Increase/(decrease)
in cash		 in the year 458,5892 241,212
NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
1 RECONCILIATION
OF NET		 MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
8
Net movement
in funds for the year		 (169,908) 307,911
Dividends
and interest received		 P,001) (13,018)
Interest paid 64,615 34,590
Depreciation 100,948 75,189
Decrease/(increase)
in debtors		 8,918 (33,511)
(Decrease)/increase
in creditors		 (5,821) 12,088
(Gain) on investments (25,267) (11,500)
Net cash flow from operating activities (33,514) 371,749
2 ANALYSIS OF CASH AND CASH EQUIVALENTS
2023 2022
8 f
Cash at bank and
in hand		 638,514 691153,
3 ANALYSIS OF CHANGE
IN		 NET DEBT 2022 Cash flows Other non- 2023
cash changes
6 8 8
Cash at bank and in hand 897,103 (58,589) 638,514
Borrowings
Debt due within one year (78,363) 76,363 (73,343) (73,343)
Debt due after one year 597,274 (170,905) (768,179
(673,637) 76,363 (244,248) (841,522)
TOTAL 23,466 17,774 (244,248) (203,008)

3 INCOME Unrestricted Restricted Total Total
funds funds 2023 2022
DONATIONS AND LEGACIES 6 2 2 6
Planned
giving		 780,272 780,272 732,859
One off giving 89,870 50,727 140,597 471,574
Collections 67,042 4,738 71,780 83,051
Tax recovery 191,340 6,048 197,388 219,421
Total donations and legacies 1,128,524 61,513 1,190,037 1,507,505
CHARITABLE ACTIVITIES
Event income 261,721 261,721 115,332
261,721 261,721 115,332
TRADING ACTIVITIES
Community
area		 hire 18,800 18,800 39,872
Community
area		 sales 46,324 15,619 61,943 53,358
65,124 15,619 80,743 93,230
INVESTMENTS
Dividends 4,024 4,024 12,752
Interest 2,977 2,977 266
7,001 '7,001 13,015
OTHER INCOME
Grant income 188,194 182,826 371,020 258,302
Gas Street Music Ltd income 13,866 ~ 13,866 15,520
Other income 10,137 ~ 10,137 51,864
212,197 182,826 395,023 335,686
TOTAL INCOME 1,674,567 259,958 1,934,525 2,064,771

4 EXPENDITURE Unrestricted Restricted Total Total
funds funds 2023 2022
CHARITABLE ACTIVITIES f 2 E 5
Missionary
and		 charitable giving (see also note 5)
Missions giving 40,059 116,820 156,879 104,829
40,059 116,820 156,879 104,829
Church events
Worship costs 10,441 1,595 12,036 23,301
Community
events		 217,383 217,383 141,405
Community
area		 trading costs 20,117 20,117 15,247
Depreciation
on		 AV equipment 18,413 16,413 5,585
264,354 1,595 265,949 186,835
Ministry
Fees paid to Diocese 190,851 190851 170580
190,851 190,851 170,580
Staff
Salary, pensions, housing ofyouth &pastoral workers 808,902 135,243 944,145 782,435
Staff training 21,835 21,835 20,451
Depreciation
on		 clergy housing 11,346 11,346
842,083 135,243 977,326 802,886
Church and Centre running expenses
Church
running		 costs 64,689 84,689 94,885
Facilities costs 162,582 162,582 161,551
Insurance 4,099 4,099 3,968
Building development 28,550 28,550 30,164
Depreciation
on		 leasehold impmvements 61,215 61,215 51,215
341,135 341,135 351,783
Support Costs
Office costs 50,704 50,704 41,360
Subscriptions 2,969 2,969 3,900
Bank charges 12,229 1,092 13,321 11,648
Travel costs 11,718 11,718 7,150
Fundraising 8,283 8,283 119
Accountancy 9,732 9,732 10,332
Interest on loans 64,615 64,615 34,590
Depreciation
on		 fixtures and fittings 11,974 11,974 8,089
Gas Street Music Ltd expenditure 24,242 24,242 34,250
196,466 1,092 197,558 151,444
TOTAL EXPENDITURE 1,874,948 254,750 2,129,698 1,768,360

Gas Street Gas Street Gas Street
Employment
costs		 Charity Music Ltd 2023 2022
f f f
Wages and salaries 862,143 7,582 869,725 732,853
Social securiiy costs 58,710 584 59,294 48,262
Other pension costs 23,292 23,292 18,442
944,145 8,166 952,311 799,557
See note 16for disclosure of payments made to related parties.
NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY
The charity owns 100%of the issued share capital ofGas Street Music Limited, a company incorporated in England and Wales (company number:
12995294).
The results ofthe company before consolida8on for the year to 31 December 2023 are summarised as follows:
2023 2022
f f
Income
Expenses		 64,300
(24,242)		 15,520
~34,230
Net Profit/(loss) 40,058 4432302

8 TANGIBLE ASSETS
Freehold Leasehold AV Fixtures &
Group I Charity Properly Improvements equipment Faunas Total
f f f f
COST
At beginning
ofyear		 831,056 97,735 62,820 991,611
Additions 680,759 68,922 25,906 775,587
At end ofyear 680,759 831,056 166,657 88,726 1,787,198
DEPRECIATION
At beginning
ofyear		 197,817 62,345 39,635 299,797
Charge for year 11,346 61,215 16,413 11,974 100,948
Atend ofyear 11,346 259,032 78,758 51,609 400,745
NET BOOK VALUE
At end ofyear 869,413 572,024 87,899 37,117 1,366,453
At beginning
ofyear		 633,239 35,390 23,185 691,814
All fixed assets belong to the charity.
9 FIXEDASSET INVESTMENTS
Group
CCLA
Property investments Total
f f f
Cost or market value ofinvestments at I January 2023 260,000 354,974 614,974
Proceeds ofdisposals during year (266,793) (373,448) (640,241)
Gain on disposal of investment assets 6,793 18,474 25,267
Cost or market value of investments at 31 December 2023
Charity Investment
in subsidiary COLA
undertakinga Property investments Total
f f f f
Cost or market value ofinvestments at 1 January 2023 1 260,000 354,974 614,975
Proceeds ofdisposals during year (266,793) (373,448) (640,241 )
Gain on disposal of investment assets 6,793 18,474 25,267
Cost or market value ofinvestments at31 December 2023

10 DEBTORS Group Charity
2023 2022 2023 2022
f f f
Trade debtors 37,045 41,849 3'7,045 41,849
Gift aid tax recoverable 2,910 15,213 2,910 15,213
Prepayments and accrued income 20,372 23,560 20,372 23,560
Other debtors 22,832 11,455 22,832 11,455
Amounts
due		 from subsidiary undertaking 384 30,442
83,159 92,077 83,543 122,519
11 CREDITORS: amounts falling due within one year Group Charity
2023 2022 2023 2022
f f f
Diocesan loans 66,363 66,363 66,363 66,363
Morlgage 6,980 6,980
Gas Street Music loans 10,000
Accru ale 9,598 14,765 9,598 14,765
Other creditors 37,909 56,936 37,909 56,936
Deferred income 47,386 29,013 47,386 29,013
168,236 177,077 168,236 167,077
12 CREDITORS: amounts falling due after one year Group Charity
2023 2022 2023 2022
f f f
Diocesan loan 530,128 597,274 530,128 597,274
Mortgage 238,051 238,051
768,179 59'7,274 768,179 597,274

The restricted funds are established funds are established for the fallowing
purposes:		 for the fallowing
purposes:
St filartins Trustees To support staff costs.
Collections These are collections for specific external causes and projects.
Love Your Neighbour. Kids Agrant received from 'Street Games UK' to fund the summer
club held atGas Street		 StLuke's
in
August 2022. This was a free to attend club for primary school aged children who receive free school
meals.
Love Your Neighbour - Ukraine Funding
from the 'Church
Revitalisation
Trust' specifically for spending
on activities and support for
Ukrainian
refugees.
Love Your Neighbour. Gas Street Funds for the Love Your Neighbour
('LYN') communiiy
project. This includes
funding		 support from the
Church
Revitalisation
Trust for spending
on afi LYN ackvity, as well as funds collected		 by Gas Street
Church for this purpose. The transfer
in to this fund represents
part ofthe match-funding
(required		 by
the grant for this purpose)
not covered
by restricted
donafion
income.
Worship Central Worship
Central
(charity no. f164487)was closed in 2022 with afi assets transferred		 to Gas Street
Church.
The remaining
funds from the Worship
Central were placed
in this restricted		 fund specifically
for spending
on worship
related acbvities at Gas Street Church.
The designated funds are established for the following
purposes:
Assistant
Clergy		 To provide funding
for assistant clergy exists.
Repair fund To fund repair works required
on the church
building.
Missions fund Each year, the church aims to dedicate at least 1 O'Ya of its income for missional
purposes.
Part is		 given
as grants
to external
pmjects
with charitable
objecbves compatible
with those of St Luke's; the		 other
part is used to fund community
engagement
acfiviTies carried out by St Luke's members.
The trustees
voted to allocate this to match-funding
Love Your Neighbour
grant funding
for 2024, which represents
the majority ofthe transfer out.
Capital fund This represents
the historic costofthe investment
properiy which was sold during the		 year.
Middleton
Hall Road		 This represents
the carrying
value ofthe properly
bought this year, less the outstanding
mortgage		 on it.
Orchard seed funding The church
intends
to set up the Orchard as its own company
during 2024. During
the current		 year
f25,000 has been set aside tofacilitate this.
Worship For Ag seed funding The church
intends
to set up Worship
For Ag as its own company
during 2024. During the current		 year
825,000has been set aside to facilitate this.
Love Your Neighbour (designated) A fund set aside towards
match-funding
Love Your Neighbour
grants
in 2024.

14 MOVEMENT
IN FUNDS		 14 MOVEMENT
IN FUNDS		 14 MOVEMENT
IN FUNDS		 Balance at Gain I Transfers Balance at
1 January (loss) on between 31 December
2023 Income Expenditure Investments funds 2023
E 2 2 E f
Restricted funds
StMarlins Trustees 26,299 (26,299)
Collections 17,092 (434) 16,658
Love Your Neighbour - Kids 9,840 (9,840)
Love Your Neighbour - Ukraine 35,188 10,698 (23,620) 22,266
Love Your Neighbour - Gas Street 87,002 196,029 (194,557) 45,000 133,474
Worship Central 35,530 (35,630)
157,820 259,958 (254,750) 9,370 172,398
Designated
funds
Assistant
Clergy		 28,325 (28,325)
Repairfund 72,019 (19,139) 52,880
Missions fund 73,717 (36,491) (37,226)
Capital fund 21,975 (21,975)
Middleton
Hall Road		 424,382 424,352
Orchard seed funding 25,000 25,000
Worship for All seed funding 25,000 25,000
Love Your Neighbour (designated) 36,346 36,346
Gas Street Music Ltd (40,443) 13,866 (24,242) 50,434 (385)
155,593 13,866 (108,197) 501,961 563,223
Capital revaluation fund 238,025 6,793 (244,818)
Other unrestricted funds 770,179 1,660,701 (1,766,751) 18,474 (266,513) 416,090
Tolalfunds 1,321,617 1,934,525 (2,129,898) 25,267 1,151,'711

Fund b alances as at 31 December 2023 are represented by: Other
Restricted Designated unrestricted Total
funds funds funds 2023
f f f f
Tangible
fixed assets		 669,413 687,040 1,366,453
Current assets 172,398 138,841 410,434 721,673
Current liabiliTies (6,980) (161,256) (168,236)
Long term liabilities (238,051) (530,128) (768,179)
172,396 563,223 416,090 1,151,711
Fund balances as at31 December 2022 are represented by: Other
Restricted Designated unrestricted Total
funds funds funds 2022
f f
Tangible fixed assets 091,814 691,814
Fixed asset investment 100,344 514,530 014,974
Current assets 167,522 55,249 556,409 789,180
Current liabilities (9,702) (167,375) (177,077)
Long term liabilities (597,274) 597,274)
157,520 155,593 1,008,204 1,321,517
Charity
Fund balances as at31 December 2023 are represented by: Other
Restricted Designated unrestricted Total
funds funds funds 2023
f f f f
Tangible fixed assets 669,413 697,040 1,366,453
Fixed asset investment 1 1
Current assets 172,398 139,226 410,433 722,057
Current liabilities (6,980) (161,256) (168,236)
Long term liabilities (238,051) (530,128) (768,179
172,398 563,608 416,090 1,152,096
Fund balances as at 31 December 2022 are represented by: Other
Restricted Designated unrestricted Total
funds funds funds 2022
f f f
Tangible fixed assets 691,814 691,814
Fixed asset investment 100,344 514,631 614,975
Current assets 167,523 95,592 556,407 819,622
Current liabilities (9,703) (157,374) (107,077)
Long term liabilities (597,274) (597,274)
157,820 190,036 1,008,204 1,362,060

Below are summaris ed
results o		 fSt Luke's Church, excluding
the subsidiary
company:
Tolal Total
2023 2022
INCOME
Donations
and legacies		 1,190,037 1,507,505
Charitable
activities		 261,721 115,332
Trading
activities		 80,743 93,230
Investments 7,001 13,018
Other income 381,157 320,166
Total income 1,920,659 2,049,251
EXPENDITURE
Charitable
activiTies		 2,155,890 1,734,110
Total expenditure 2,155,890 1,734,110
NET (EXPENDITURE)SNCOME BEFORE GAINS AND LOSSES (235,231) 315,141
Investment
gains and losses		 18,474 (48,500)
Gain on revaluation offixed asset investments 6,793 60,000
NET (EXPENDITURE)IINCOME BEFORETRANSFERS (299,964) 326,641

Unrestricted Restricted Endowment Total
funds funds funds 2022
INCOME
Donations
and legacies		 1,493,554 13,951 1,507,505
Charitable
activities		 115,332 115,332
Trading
activities		 80,625 12,605 93,230
Investments 12,767 251 13,018
Other income 118,977 216,709 335,686
Total income 1,821,255 243,516 2,064,771
EXPENDITURE
Charitable
activiTies		 1,533,912 234,448 I768,360
Total expenditure 1,533,912 234,448 1,768,360
NET INCOME BEFORE GAINS AND LOSSES 287,343 9,068 296,411
Investment
gains and losses		 (47,364) (1,136) (48,500)
Gain on revaluafion offixed asset investments 60,000 60,000
NET INCOME BEFORETRANSFERS 299,979 9,068 (1,136) 307,91I
Transfers
between		 funds 7,608 926 (8,534)
NET MOVEMENT IN FUNDS 307,587 9,994 (9,670) 307,911
FUND BALANCES AT 1 JANUARY 2022 856,210 147,826 9,670 1,013,706
FUND BALANCES AT 31 DECEMBER 2022 1,163,79'7 157,820 1,321,617

20 COMPARATIVE MOVEMENT MOVEMENT IN FUNDS
Balance at Gain Transfers Balance at
1January on between 31December
2022 Income Expenditure Investments funds 2022
8 2 E E E f
Restricted funds
Repair fund 2,676 (3,602) 926
Extension
fund		 3,595 (3,595)
Kids Ministry 2,128 (2,128)
StMartine Trustees 26,299 (26,299)
Love Your Neighbour -Boxes 3,153 1,500 (4,653)
Love Your Neighbour - Kids 17,116 (17,116)
Love Your Neighbour - Ukraine 9,302 (9,114) 35,000 35,188
Love Your Neighbour - Gas Street 136,274 148,685 (162,957) (35,000) 87,002
Worship
Central		 40,614 (4,984) 35,630
147,826 243,516 (234,448) 926 157,820
Endowmentfunds
Nichols 1,892 (222) (1,670)
7Welche 1,873 (220) (1,653)
Reeves Charity 3,088 (363) (2,725)
Emma Halls 1,769 (208) (1,561)
St Lukes RF 1,048 (123) (925)
9,670 (1,136) 8,534
Designated
funds
Assistant Clergy 189,970 (161,645) - - 28,325
Repair fund 144,553 (72,534) - - 72,019
Extension fund 61,545 (61,545)
Missions fund 10,949 (29,554) - 92,322 73,717
Capital fund 21,975 21,975
Gas Street Music Ltd (21713) 15,520 (34,250) - - (40,443)
407,279 15,520 (359,528) 92,322 155,593
Capital revaluation fund 178,025 60,000 238,025
Other unrestricted funds 270,906 1,805,735 (1,174,384) (47,364) 84,714 770,179
Totalfunds 1,013,706 2,064,771 (1,768,360 11,500 1,321,617