Parochial Church Council of Kingswood
IA Registered Charity Number 1172427 from 15th April 20171
Accounts for the Year Ended 31st December 2023
INDEX
Page
lil Treasurer's Report
lill The Independent Examiner's Report
1 Slalemenl of Financial Activities
2 Balance Sheet
3 Accounting Policies and Description of Funds
4 Incoming Resources - Current Year
5 Resources Expended - Current Year
6 Legacy, Sl Andrews Survival & Wisdom Centenary Funds
7 Chur¢h Hall and Church Hall Fund Raising
8 & 9 Revenue Reserve, Fixed Assets and Investment Fund

Page I
Kingswood PCC -Treasurer's Report
2023 was a rnuch better year forthe Churth F1tTrHn￿s. We did not have a large repair it? the year as we had in 2022
when a total of £19,194 was spent on repairing the Apse ofthe Wisdom of God. We re￿iVed a VAT repayment of £3.1￿ in 2023
in connection with this rep8ir cost which w8 had not accounted for In 2022.
Overall there is an excess of Incorne over Expenditure for the Unrestricted Funds on pa9e 1 of £3.03012022- deficit of £2.1631.
The Church Hall activities (shown under RÈsthctÈd Funds) showÈd an Èxcess of income of £4,85312022- Èxtsss of £7,883).
The investm8nls held by CCLA show8d an increas8 in valu8 of £21,340 in 202312022- d8crease in valu8 of £29,614)
Net Current Assets18ank balan￿S plu5 Gift Tax recoveiable less accwed costs and Funds) ha5 increased by £7.880
10 £79,235 in th8 year. This includ88 provisions for the Wisdom Stories Fund of £2,910, th8 Events Committee Fund Df £3,510
and the Coffè& Moming Fund of £457.
On page 4 of the accounts, you will see Ihst the Regular Gift Aid donations have decreased by £3.321. However'occasional.
Gift Aid has incr8288d by £2,891. This is due lo the way the Parish Giving Scheme donations have b88n accounl&d for.
Donations frorn the W￿drUffe and Brash funds arnounted lo £15,9951£24,703 in 2022 which included amounts for
th8 Apse repair workl.
We are now payin9 Organisvs fee5 to Anthony Merrrweather- a contribut￿￿ is made from the Brash Fund relating lo
th8 88Nic88 conducl8d at St Andr8WS.
Utility costs have increased to £4.917 from £3.553 last ye3r lallhough the 2022 figure wa5 net of Gr3nts received).
The largest expense continue8 to be the annual Parfsh Plèdge to th& Diocese which h8s remalned at £49,000 for the year.
We are indebted to Robert Caulkin for his role as Independent Examiner. Also to Colin Miles
for maintaining the day to d2y Church Hall finanaal records.
Gillian French

Pago11
Independent Examinerfs Report to the members and trustees of the Klngswood
Parochial Church Council
I reFOrt on the a¢￿Vn￿ for Ihe year ended 31st De￿rnber 2023 whth are Set out on pages 1 to 9
Respectlve responsibilitles of the Tntstee8 and tho Independent Examlner
The charity's Iruslees consider that an audit ￿ not required for the year under section 14412) of the
Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
11 1$ my responsibilty to".
Examine the accounts under section 145 of the 2011 Ac(
Follow the procedures laid down in the General Directions gplen by the Charity Commissioners under
Section 145IS)(bl of the 2011 Act and
State whether particular matters have come to my attention.
Ba818 of Ind•pendent Examln•rf$ Statement
My examlnation was carried in accordance with the General Di￿lOn$ given by the Charity
Commission.
An examination indudes a review of accounting rwds kept by the ¢harity and a eomparison of the
accounts with those records. 11 also includes the consideration of any unusual items or disclosures in the
accounts and seeking eX￿anat￿nS from the management c(Knmrttee wKeming any such matters. Th8
pro¢eduT8S undertaken do not pr￿8 all the evid8nce that *hwld b& required in a full audrt. and
consequently I do not express an audrt opinlon on the ao))unts
Indopendent Examln•rf• Ststomenl
In ¢onneclion wth the examination. no matters have come to my attention..
11 Which gNes me reasonabl& cause to believe that in any material respect the requirements to keep
accounting records in accordance wth Sect￿Tr 130 of the 2011 Act or to prepare accounts which
accord with those a¢counts"ng records and comply wrth the regulal*)ns have not been met," or
21 To which, in my opinion, attentKJn shou￿￿ be drawn in order to enable a proper understanding of
the accounts to be ￿hed.
Robert Caulkin ACCA
Smart Accountants Sussex armd Surrey
Dale.. 28th April 2024
Coas￿lSe House
17 LweTpooI Road
Worthing
BN11 1SU

Klngswood PCC
statementof FlnanGlal Adlvlllesforthe Y•ar ended 31st DKembBr 2023
Urrtjtrlthd
Totol
2D23
IN¢eVING RESOURCE¥
t)unplions Received
(thBfvLqunt3ryinEomB
G*nerabngFUr￿5S Investiii8rits
ch￿￿h9￿t￿rti￿
Not•
57,Y8
SF,348
6.￿1
2b
2¢, 4,5.6
25,6￿)
9,0
9,029
5.164
13.fffj9
Saeof1n￿tr1ients
TOTALIN¢OMINfj RESOURCES
93,594
21,134
RESOURCES EXPENDED
Omplion¥mad
1,3
88.233
939
1.383
88.Z33
939
679
102.618
3,534
10.L2
Ci6lolgener8M9tsnds
RESOURCES EXPENDED
90.555
106.836
FUND BALANCES
NETFUNDIN¢REASEIDECREASE
Ge1￿{13$9e5Ionln￿e%Ime￿t
NETMOV&MENTIN FUNDS
3.030
4.8
T.8S3
-29.614
1.717
3.030
27,387
4.8
81,505
6,3S
21.340
209.408
2&.223
2￿.124
322.$47
eALANcEs8R￿G￿TFORwARDA8AT 0110112J
64LANCESCARRIEDFORWAPDASATJ111W23
29&324

KINGSWOOD PCC
BALANCE SHEeT 3$ At 31st De¢trnber￿23
Paoe 2
FIXED ASSETS
Note
2023
2022
T8n9lt4e Flxed Assets
InvgSDnent￿S9
9,409
243,296
2,705
659.409
221.957
881.366
CURRENT ASSETS
8h¢rttsmid9po$Its
Lega¢y
Surknival
1.376
62
60
c￿lt￿nary
PCC- M8trobank
7.130
26.095
9.812
17.634
20.713
1.673
22.492
17.477
PGG-TSB
PCC.Naiw8st
Churth Hall.Metrobank12022- BarcLgysl
Church HaIl￿anta￿dEr
20.515
20.515
92.639
446
96.450
1.832
98.2B2
D•btors
Accruéd Incorn• IGIftAKITax rqCOYerab￿
TOTAL CURRENT ASSETS
93.085
LI￿LrrlES
Acctua15
Churrthyard Costs
Buildings Mainienance
Renewed Hope Trnsiicnb SEtYiCEsI
WelG$rÈ IBÈTbara Smith funeral donalloni
Heat. Liohl & Water
D￿¢£$8 lees lorweddings and fune￿13
Adminisifaiion Cosig
Raffle Piize Fund
Wlsdom sioties Fund
636
16.850
283
462
l.S99
2.142
174
4.341
456
2.910
3.0
Evenis Crxnmiiieg Funds
Coffeg Momin9 Funds
Annoxo
Organist
457
1.iY)O
1.0
660
13.850
79.235
26.928
71.354
NET CURRENT AS8ETS
NET A85Ets
FUND5
Unr8strict8d
700.652
78.996
202.292
696.236
71.726
184.758
Restricted Including Church Hall
EndowmeTrL
ApprO￿d bythe pec ofKingsY￿ onXXXXXXX
Chalrman
Churthwardgn

Pag8 3
Kingsw¢)od P¢C
Not•s toth8 Financial Statsm8ntslortho Y8ar Ended 31st D￿emb@r 2123
Accounting Polici8% and FU￿d5
These linanual 5L3iements have been prepared on an acctuals basis and in aCCo￿ance with thp
recommendat￿5 ol the Church Accountin9 Regulations 2006 and the Charities cutrent StatErnenlof
Recommended Pr$Ctice. From 2M9. ftsll¢Thwng thè 8sses$ment ol Diotèsan Quots for Parish as
htAe. the2ccount5 att presentsd in unified fotm 8nd nota110ca￿d io the indiv￿￿al thurthes.
Fixed AsSe￿- The Church Hall ènd Church H￿se a￿ shtswn alestimated value5 In line with wevth$
years, figures.- the PCC has adtyted a policy ol non-deptrLl8tion of these assets on the b8si$ that thelr
residual value IS higher than the deem￿ ttht values sholwn in these aeeounts. It Is not reouired to r
v£lue these assets.
Any funds r8i4ed. or donat￿, fOrde51gnat￿ wwoses 8re treated aS.Restnc￿ Funds"
The Funds manB¢ed bre..
l.Capital Funds-These ale
A. StAndreWs Trusts consisting of six dmauons towards ihe upkeep of graves. The coThesk￿￿dlng
Investments a￿ held In shareswiih the Central Board of Finance IC8FI.
Wisdom of ￿ Trusts consisting of a series of d￿allonS towards ihe church upkeep,. Ihe
Corresponding InveS￿entS are h￿d via ihe South London Church Fund and the Soulhwark Diocesan
8oard Df Finance in shares wilh the CBF.
2. Unresiricted Funds- These arelhe rK)mial operabng funds ollh&lwo churthes..
C1- Shows curreni yeaT'S Income and exwndilure.
E Revenue ReseNe, shows the nelfunds artertransfer of the ordeficit from C1 above.
3. Restri￿e0 Funds
C2- owrales in ￿nAUr￿tIon with C1 bul rglates lo swual wtposes,. Ihis dgsignalion covers Spe￿01
aprAals. works and maintenanc& and the Organ Fund (￿her balan￿$ ol Income and Expenditure on
these items are subsequenlly Iransletred lo the appropn?le major Fvnd."
F- L￿a¢Y sel up In 2W4 with Lowe L￿a¢Y funds of £500001or Fabric expenses of bolh thurches.
G- Sl Andretw's SuNival derived from a special appeal for maiorl?bric projects lo 4vhith subsequenlApp9al ?nd ￿gacY p[C￿eedS have be8n added.
- Visdorn ol God C&ntenary-op8ratsd in a Similar way to the Sutvival fund above.
l- Church H?11 & L-church Hall Fun¢ Raising- are h8ld as separate Funds. r&sponsibilty having bg8n ¢8￿gatsd bythe P¢C
- KingSw￿￿ Global Incorne was sel up in 2011 to Itnprove Inwm8 devoted to the Leg?cy Fun
N- Wisdorn Fund ¥Yas set up in March 2011 to Improv8 IncDm8d8voi8d to the C8nt8nary Fund.

Page 4
Kingswood PCC
Notes to the Firbancial Statements forthe Year ended 31 ￿CeMber 2023
Note-2 INCOMING RESOURCES
TOTAL FUNDS
Unrestrlcted
Restrfcted
2023
2022
Fund C1
Fund C2
21al Incomlng Resourc9$ trom donors..
Regular Gift Aid
0¢¢8$ional Gift Aid
16,747
4,739
8,015
15,995
7,317
16,747
4,739
8,015
15,995
7,317
20,068
1,848
8.662
24,703
7.025
4,535
66,841
Collections
DoDaiions- Non-re¢urrin9 IWoodfuffÉ and Brash Funds)
GiftAid-T8x Recove
Churchyard grants
57,348
57,348
21bl Other volutthry Incomlng stsurcB¥'.
Special Appeals
1,517
1,517
1.377
21¢) In¢omo from g8n8raUng fund8 at)d InvoStmonl¥
Fund Raisiry
Initr*$i on Invèstments
3,960
5,530
16,200
25,690
3,960
6,917
16,200
27,077
5,208
6,701
16,200
28,109
1,387
Rent re￿1Ve￿
1,387
21dl Incomefrom Church activities
Wedding F68s
Funerallchurchyord Fees
Magazine
2,435
6,034
560
2,435
6,034
560
1,652
2.952
S60
9,029
9,029
5.164
TOTAL INCOMING RESOURCES
93,584
1,387
94,971
101A91

Page 5
Kingswood PCC
Not8S to th8 Flnanclal Stat8m8nts tor th? Yo8r endod 31 De¢omber 2023
TOTAL FUNDS
3. RESOURCES EXPENDED
Unrestricted
Fund C1
Restricted
Fund C2
2023
2022
31al Donations Made
Fo(rtlbanWDisability Challenge
Surrey Care TTUSI
Welcare
Ukranian Appeal
Shoebox ApEEallSt B￿eS
British Legion
Renewed Hope Ttusl
Crossroads Care
25
638
638
462
462
212
50
225
283
283
191
176
1,383
1,383
879
31bl Church Activitie5
Parish P18dge
Honoraria-organisls
Cltrgy Exp&nseÈ
Diocese Fee$
49.000
7.825
1.594
2.142
7.900
4.502
271
49,000
7,825
49,000
1,800
1,120
1,080
4,379
4,854
2,142
7,WO
4,502
271
Insur8nc8S
Administration EX￿n$￿$
Sanctuary
Churchyards
Sundry Expenses
Heal. Light & Waler
Buildings Maintenance
Rep81r Work lo Apse- Wisdom ofGod
Quinquennial Inspection Fees
Organ maintenance
7.157
2.000
4.547
4.104
-3.199
7,157
2.WO
4.547
4.104
-3.199
5,754
2,353
3,553
7,051
17,294
2,790
882
390
390
88.233
68.233
102,678
31¢) Costs of generaung fvnds
Church House
8g8zine
889
50
939
90.555
50
939
90.555
RE$OUR¢E$ EXPENDED
104,555

Page 6
Kingswood PCC
Notes to the Financial Statements for the Year ended 31 December 2023
Note 4
Fund F - Legacy Fund (Restrlcted Fund)
INCOMING RESOURCES
2023
2022
Nel income from.. Investment Legacy Fund interest
Kingswood Global Investment Fund interest
TOTAL INCOMING RESOURCES
184
159
184
159
RESOURCES EXPENDED
Transfer lo Restricted Fund C2
TOTAL RESOURCES EXPENDED
SURPLUS IDEFICITI
Balance brought forward 01101123
Balance carried forward 31112123
184
159
1,192
1,376
1,033
1,192
Note 5
Fund G - St Andrew SU￿1Val Fund (Restricted Fund)
INCOMING RESOURCES
2023
2022
Nel Income from Investment Survival Fund interest
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Transfer lo Restricted Fund C2
TOTAL RESOURCES EXPENDED
SURPLUSIDEFICITI
Balance brought forward 01101123
Balance carried fotward 31112123
60
60
62
60
Note 6
Fund H - Wisdom of God Centenary Fund (Restricted Fund)
INCOMING RESOURCES
2023
2022
Nel Income from Investment Centenary Fund interest
Income from from Wisdom Investrnent Fund Inte￿$t
TOTAL INCOMING RESOURCES
1,201
1.043
1,201
1,043
RESOURCES EXPENDED
Transfer lo Restricted Fund C2
TOTAL RESOURCES EXPENDED
SURPLUSIDEFICITI
Balance brought foNard 01101123
Balance carried forward 31112123
1,201
7,130
8,331
1.043
6,087
7.130
Net Incoming Resources in 2023
1,387
1,202

Page 7
Kingswood PCC
Notes to the Financial Statements for the Year ended 31 December 2023
Nota 7
Fund l - Church Hall (Restricted Fund)
INCOMING RESOURCES
Nel Fees & Donations
2023
2022
19,747
19.747
13,659
13,659
RESOURCES EXPENDED
Water, Light and Heating
Insurances
3,686
1,440
6,465
4,514
176
3,673
1,643
2,372
2,183
351
Repairs and Minor Works
Cleaning and Grounds
Sundries
16,281
10,222
Surplusllshortfalll
3.466
3.437
Note 8
Fund L - Church Hall Fund Raising (Restricted) 2001
2023
2022
INCOMING RESOURCES
Interest
19,747
13,659
TOTAL INCOMING RESOURCES
19,747
16,281
3,466
13,659
10,222
3,437
-5,000
25,515
20,515
RESOURCES EXPENDED
SURPLUS IDEFICITI
Funds transfer lo Current Account
Balan￿ brought forward as at 01101123
Balall￿ carried forward 31112123
20,515
20,515
Current Account Balances 3111212023
17.477
14.012

Page 8
Kingswood PCC
Notes to the Flnanclal Statements for the Year ended 31 December 2023
Note 9
Fund E . Revenue Resetrve IUnrestri¢ted Fund)
2023
2022
INCOMING RESOURCES
Transfer of Net SurplLJsllossl to Fund C1
Balan￿ Brought Forward as at 01101123
Balance Carried Forward as at 31112123
3.030
27.387
30.417
-6,802
34,189
27,387
Note 10
Fixed Assets for U58 by the Parochial Church Council
10lal Tangible Fixed Assets
Church Hall Church House
Total
D8em8d Cost Brought Forward as at 01101123
R8valu8tion
416,121
243,288
659,409
Net Value5 Carried Forward as at 31112123
416,121
243,288
659,409
Insured Value5 at 31112123
711,095
444,890
10lbl Investm8nt Fixed As58ts- detailed on page 9
Fund A- St Andre￿5 Trust5 Icapital Fundl
Market Values a5 at 01101123
Unit5
2023
2022
503.83
10,402
987
11,783
-1,381
10,402
Movernents in the year
Market Values as at 31112123
11,389
Fund B- Wlsdom of God Trusts Icapltal Fund)
Market Values as at 01101123
8445.09
174,356
16,547
190,903
197,503
-23,147
174,356
Movernents in the year
Market Values as at 31112123
Fund M- Klngswood Global Income Fund
Market Value as at 01101123
Movements in the year
Mad(et Value as at 31112123
1933.86
5,093
759
5,852
5,919
-826
5,093
Fund N- Vllsdom Income Fund
Market Value as at 01101123
Movements in the year
Market Value as at 31112123
15SS.05
32.106
3.047
35.153
36.367
4,261
32,106
Overall Market Values 31112123
IncreaselDecreasel in Value in 2023
243,297
21.340
221,957
-29.615

Pagq g
Kingswood PCC
Notès tothè Financial Ststèm&nt* for1￿ yèar0nd￿ 31 D*Cèm￿r2o23
Note 10lbl Investrnents F￿ed As$Èts
The KIngswO￿ PCC holdln¢s are..
Cogt
Totsi
Market Value
2023
31112123
Central Board of Flnance
Shares
Sl Andrews- r￿a￿ng to Fund A
422.00 A E Oddy Legacy
16.00 Allom Grave Endowrnent
300
200
{ Varney
55.00 { Wlkinson
{ Bonsor
lo.￿ Taunton
50
50
257
104
961
503.
Mark•t Value
11.389
VthBdom r>f Gr>d- relating to F￿nd B
Ihtld v5è Soyth ¢hur¢h Fund &Southwark Dlo¢¢san Board of Flnan¢¢l
4.957 29 Endowment account 459
1.582 80 Endowmpnt account 493
1.gos 00 Endowmpnt account 621
8.445 09
6.0
2.871
2.42S
112.061
35.779
43.083
190,903
11.350
tket Val
St.AndreW'S- relèdng tts Fund M
Glob81 Income Investment Fund
1933.86
ma￿et Value
sdom of God- relatln9 to Fund N
Wisdom ofGod Intome InVe￿ent Fund
1555.05
Market Value
17.000
Movements In Market Values
31112123
Cost
Value
Valuè
Increase
Fund A endowmgnl
961
10.402
174.356
5.093
32.105
221,956
987
Fund B endowmgnl
11.350
2.000
17.000
190.903
5.852
35.152
243,2JB
16.547
759
3.047
21,34
Fund M reslrided
Fund N resthdgd
Note 11 Anafysi5 of N￿A85￿￿ by Fund 11112n3
Unrestrictsd
R8%tricted
Endowm&nt
Total 2023
Inve$b￿e￿ Fixed Asse
41.004
202.292
243.298
659.409
93.085
-13.850
Tangible Fixed Asse
CurrentAssèts
6sg.409
S5.093
-13.850
37.992
Fund Balan¢*