THE PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE DEPTFORD ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE. DEPTFORD The following 88rved on the parochial church council during the year lo 31 Dember 2023.. Ex Olliolo.. Vlcar Revd Loulse Codrington-maishall Churchwardens Eleanor Smith Ireslgned 10 August 20231 Ben Ud058n Ilrom 28 May 2023, SIgned 12 February 20241 Paullne Walklns Ilrorn 28 May 20231 Colln M05s (also Dganery Synod representatlv81 Elected Membors Nlck Uche Allm Ilo 28 May 20231 Ayod8le Allu Ilo 28 May 20231 Mark Gregory (Tieasurer, ieslgn8d 31 Dec. 20291 Loulsa Whlt& Ifrotn 28 May 20231 Amanda Mabboll Ilrom 28 May 20231 Dgborah Francis Ilrom 28 May 20231 Adwoa Osei Ilrom 28 May 2023, reslgned 12 February 20241 Bankers National Westminster Bank 2 GroenwSch ChuTch Street London, SE10 9BQ CAF Bank 25 Kings Hill Avenue Kings H111 West Ma11ing Kent. ME19 4JQ Independent Examlnèrs Fleld Sullnian Chartered Accounlanls 9 Har& and Billet Road Blackheath London, SE3 ORB
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD Annua1 Reporl lor the year ended 31 Decernber 2023 Reference and Adminlstrative Detalls The parish consists of two churches.. Sl Nicholas, which is situaled in Depllord Green, and Sl Luke, which is located at 190 Evelyn Street. si Luke's is not currently used lor worship due lo major slruclural delecls. The parish is part ol the Diocese ol Southwark within the Church ol England. The correspondence addTess is Parish Ollice, si Nicholas Church, Depllord Green, London SE8 3DQ. The Parochlal Church Council IPCCI is a regislered charity Ino. 11761571. A list ol PCC members lor 2023 Is shown on Page 1 of the Annual PCC Accounts. Structure, Governance and Management The method of appointment ol PCC mambers is sel out in the Church Representation Rul8S. Apart from those who are ex-officio, PCC members are elected lo serve lor a term ol three years. All church rnembers ar8 encouraged to registe¥ on the Electoral Roll and sland lor election lo the PCC. Objectlves, Actlvltles and Publlc Benefit si Nicholas and St Luke PCC has the responsibility ol co-operallng with the Vlcar in promoting in the ecclesiastical parish the whole mission ol the Church, pastoral, evangelislic, soclal and ecumenical.11 also has maintenance responsibilities lor Sl Ni¢holas' and St Luke's Churches. In selling ils objeclivos and carrying oul ils aclivilles. the PCC has had regard lo th& Gharity Commission's guidance on publlc benefit. Achlevements and Performance Church membershlp Th? numbor ol church members on the electoral rol5 increased from 88 in 2022 to 95 in 2023. Church aGtlvlties AI PCC meetings held during the year, the following subjects, reflecting the church's acllvities, achievements, issues and concerns, and demonstrating the benefit lo the community, were discussed.. The church is still in recovery from th8 covid years. in particular the PCC has sullered unforeseen reductions. The congregation continues lo grow, though the weekly attendance was still less than the pre covid years. The lay ministry has increased lo fiv8 as Ihe churoh prapared lor the retirement ol the vicar al the end ol Deoember 2023. As th8 preparations begin lor her departure, the church is also prawng lor the coming ol a new priest Ihal will continue lo grow the church with joy and renÈwed energy, embraclng their call to ministry within the parish of Sl Nicholas and Sl Luke, which we pray will be Iruillul in abundance. Sl Luke's Redevelopment.. Meetings were held with PCG members and repr&senlalives from the Diocese and Jubilee Resource Ltd lo progress the development project. The PCC unanimously passed the following resolsJtion-. The PCC of the parish ol si Nicholas and St Luke, Deplford resolves lo roquesl the Diocgse of Southwark lo prepare proposals under the Mission and Pastoral Measure 2011 lor a
Annual Report lor the year ended 31 December 2023 (Continued) Church activities (cont.) The dgmolition ol the building The redevelopment ol the church site and surrounding area leading to the provision ol a new worship space on this larger site. The PCC ensured that the premises at St Luke's remained sale and secure, pending the plans lo redevelop the site. In addition, the PCC ensured that necessary repairs and maintenance to St Nicholas church building were carrled out. Matters ol safeguardSng policy were also considered by the PCC. The PCC follows all diocesan saleguardlng policies, and safeguardlng Iralning has been undertaken by key stall and volunteers. Flnanclal Revlew As detailed in Ihe accounts, unrestricted expenditure 8xc8eded unreslricled income by £15,840. This is Compared with a deficit of £16,931 in 2022. Investments The policy of the PCC is to invest surplus funds not immediately required lo meet lore5eeable operating requirements in charily-specific investment funds. The overriding investment objective is lo provide the b951 investment relum within an acceptable level ol risk. Specific, quanlilied investment returns have not been established, bul the PCC aims lo protect the long-lerm capital value ol the investment ass8ts whilst providing a long-lerm investment stream. The performance of the selected inveslm8nl funds is monitored r9gularly, and should there be any concerns the PCC may elect lo invest in dillerenl funds. Any such decision would be tak8n in consultation with the Diocese of Soulhwark, who act as custodian trustee ol the invested assets. In 2023 investment income amounted to £33,351 (2022.. £31,533). The lolal value ol investments held was £1,030,061 al 31 Decernber 2023. The increase in value of £56,916 compared to the opening balance piifflafily relleGls movements in equity markets, partly offsel by the sale of Investments valued at approximately £20,000 during the year. Fund balances The balance ol unrestricted PCC funds al 31 December 2023 was £1,009,879 and restricted funds amounted lo £33,982, giving a total funds balance al the end of the year of £1,043,807, compared wlh £982,973 the year before.
Annual Report lor the year ended 31 December 2023 (Continued) Reserves Pollcy The PCC'S policy is to retain al leasl 3 months, expenditure as free reserves, lo mg91 future shortfalls in income or unexpected exp8ndilure. This excludes amounts that are held as long-lerm investments in order lo generate ongoing income lo finance church aclivilies. As al 31 December 2023 free reserves avllounled to £9,986 which equatgs lo 2 months expendilur8.12022'. £4,359 representing less than 1 month's expendilurel. During the Ilnancial year the PGC look the decision to sell £20,000 ol long-lerm investm8nts in order to provide sufficient liquidity to meet short-lerm operating needs, as income is not expected lo increase signilicanlly in the short lerm and expenditure is likely lo remain at least al a similar level lo 2023 for thg foreseeable future. In the longer term, the redevelopment ol Sl Luke's is expected lo provide significant opportunities to increase church income and re-establish a firm financial fooling for the PGC Member Approved by the PCG ona and signed on their behalf. COLI K)
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD STATEMENT OF THE PAROCHIAL CHURCH COUNCIL'S RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Parochial Church Councll are responslble lor preparing the financial statements In accordance with applicable law and Unlled Kingdom Generally Accepl&d AccDunling Practice. Charity Law requlres the Parochial Church Council lo prepare financial slalemenls lor each financial year which give a true and lalr vSew ol th8 slate ol allairs ol the church and ils financial activities lor Ihal period. In preparing thos8 financial slalements, the Irusle8s are r8quired to.. al select suitable a¢counting policies and apply them consislenlty- bl observe the methods and p¥inciples in the Charities SORP,. cl make judgements and eslimales that are reasonable and prudent.. dl slate whelher applicable accounting standards and statements of racommended practice have beèn followed, subject lo any departures disclosed and explained in the financial slalemenls; el prepare the financial slalemenls on the going concorn basis unless il is inappropriate lo presume that th& Church will conllnue in operallon. The Parochial Church Council are responsible lor keeping proper racords that disclose with reasonable accuracy at any lime tho financial posiliDn ol Ihe church, and which enable them lo ensure that the linanclal slatemènls comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the trust deed. They are also responsible lor safeguarding the assets ol the church and hence lor181o.ng reasonable slaps lor th8 prevention and detection of fraud and other irregularities.
Independent Examlner's Report to the Trustees of The Parochlal Church Council of 5t Nlcholas and St Luke, Deptlord I report to the trustees on my examinatlon of the flnancial stètements of The Parochlal Church Council of St Nicholas and St Luke, Deptford I'the charlty'l for the year ended 31 December 2022 which comprise the Statement of Flnancial Attivltles, the Balance Sheet and related notes. Thls report Is made solely to the charity's trustees, as a body* In accoidance with sectlon 145 of the Charltles Act 2011. My work has been undertaken so that I might state to the charit(s trustee5 thos matters l am requirÈd to State to them in this report 3Thd for no other purpose. To the fullest extent permitted by law, I do not accept or assume responslbility to anyone other than the charity and the charSt¢s trustees a5 a body, for my work, for th15 report, orfor the opinlons I have formed. Re5ponsibilitles and baslg of report A5 the trustees of the charlty you are responslble for the preparation of the financial statements In accordance wlth the requlrements of the charltles Act 20111'the ACVI. l Teport in respect of my examlnation of the chaTltVs financlèl statements carried out under sectlon 145 of the Act and In carrying out my examination I have followed all the applicable Directions given by the Charlty Comm155i0n under section 14515111)l of the Act. An Independent examlnation does not involve gathering all the evIdEn that would be requlred in an audit and consequently does not cover all the matters that all auditor considers in glving thelr oplnlon on the flnancial statements. The planning and conduet of an audit goe5 beyond the Ilmited 355urance that an independent eKamlnatlon can provide. Consequently l express no opSnion as to whether the flnancial statements present a 'true and fair, view and my report 15 litnlted to those specific matters set out in the independent examinerfs statement. IndepÈndent examiner'5 Statement I have completed my examination. I confirm that no material matters have come to my attention in connection wlth the examlnatlon giving me cause to belleve that in any material respect.. ccounting records were not kept In respect of th& charlty as required by sectlon 130 01 the Act,. or the financial statements do not accord with those record5.' or the flnancial statements do not comply with the applicable requlrements conternlng the form and content of accounts set out in the Charities (Accounts and Reportsl Regulatlons 2008 other than any requlrement that the accounts give a 'true and falrvbew which is Tbot a mattel considered as part of an independent exarnination. I have no concerns and have come across no other matters connectlon wlth the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the financlal statements to be reached. Tim 5ulllvan FCA Fleld Sullivan Llmited- Chartered Accountènts 9 Hare & Blllet Road London SE3 OR8 Date.. 21 Field Sulllvan Llmlted ReglstÈred In England no. 8024052
PAROCHIAL CHURCN COUNCILOF STNICHOLASAND ST LUKE, DEPTFOHD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrict&d Restr*18d TOTAL Unreslrf¢led Restricted TOTAL Fut9 Funds FUNDS Funds Funds FUNDS Notes 2023 2022 2023 2022 2022 2022 Ineom9 from: Donalions and legaCS 11,485 11,485 IR85 33.351 9,231 9.231 Charifabl8 8cllvlti88 1,285 1,507 1,S07 Inv95tments 32.489 882 30,855 878 31,533 Tolal Incomg 45.239 46,121 41,394 878 42.272 Expendllure on: Gharlt8b16 8Ctivitlgs 61,079 1,170 62,249 58,325 100 58,425 Total expendllure 61.079 1,170 62,249 58,325 100 58,425 Nel lexp8ndlturelllneom8 belore Investment galns 115,8401 12881 116,1281 116,9311 778 116.1531 Net Ilosses)Igaln8 on Investm8nts 1132,7331 13,8641 1136,5971 74,218 2,744 76,962 N81 Ineome 58.378 2,456 60,834 1149,6641 13,0861 1152.7501 Net movèment In funds 58,378 2,456 60.834 1149,6641 13,D881 1152.7501 Total lund5 brought Ii)rward at 1 January 2028 951.501 31,472 9B2,Y73 1,101.165 34,558 1.135.723 Tolal funds carrled totward at 31 Oecambgr 2023 1.009,879 33,928 1,043,807 951.501 31,472 982,973
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPFORD BALANCE SHEET AT 31 DECEMBER 2023 Not8S 2023 2022 Fixed assets Tanglble Ilxed assets lrnieslmenls 1,030,061 1,030,061 973,145 973,145 Total Ilxed 88s818 Curr8nt bssets Debtors 10 3.047 4,679 Cash Deposits with Cenlral Board ol Finance Cash al bank and in hand 757 724 6,867 19.077 12,280 Credltors.. amounts lalllng due wllhln one year 15,331} 12,4521 Net ¢urrgnl a8SOt8 14746 9.828 Tot81 asset8 less current IIAbllltle8 1.043,807 982.973 CreditOTS'. amounts lalllng due alter one year NET ASSETS 13 1043 807 982 973 REPRESENTED BY VALUE OF FUNDS GeneTal Fund5 1.007,929 948,130 Dèslgnatad Funds Total Unrestrlcted Funds 1,950 3,371 1.009,a79 951.501 Restilcted Funds 14 33,928 31,472 1 043 807 982 973 Approved by the Parochlal Church Gouncll on 2J/<h¥ and slgned on Its behalf PCC Member PCC M8rnber The accompanylng not8s form a part ol th988 flnancla1 statementg.
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD NOTES TO THE FINANCIAL STATEMENTS FOR THÉ YEAR ENDED 31 DECEMBEFI 2023 1. Accouniinu Pollclo The wincSpal accounth'ng policies aro summarlsed below. Th& accounllng PDllclas have beEn ap¥Aled consistenlly throughout Ihe y8ar and the pc&dIng yoar. rmallon Tlp churth is a Chadtywllh no shara capltal domid19d In England and Wales. The address ol Iho prlncSpal office Is Sl NichDlas Church, Deptford Gre&n, London SE8 3DQ. The fSnan¢ll 8tal8menls arè prepared In sieiling, which Is Ihe funcllonal CulnCY of th8 church. Monolary amounts In Ih8s8 linanclal statements are round8d to the near&81 pound, lil Basis ol acco The Ilnancial slalem8nls have b88n prgparÈd In accordance th Ihe Church A¢tounllng Regulallons 2006 togeiher wilh applicable accounling standards and the 2015 Slalemgni ol Recotnmended Practic8 applicable to char115e5 pparIng Iheir aGcounls in accordaw with Ihe Flnandal R8PQrtlng Standard 102. The linanclal staletnents have been propar8d underthe hlsloric81 cost eonv8nllon. nd Unreslricled funds r8pre5ent th& funds ol Iho PCC Ihat are not 6ublecl lo any ro$irfcllons regaidlw Ih81r use and ar8 available lor th8 general purpos8s ol the PCC. Funds designated for a particular puipose by the PCC ar8 also unrÈSlrl8d. Reslrf¢ted funds aro those lunds thal musl b8 spent on reslrict8d purposes and details of the luTr$8 held a 18striclion$ are provklad In nolo 13. The Ilnanclal slalamen15 Includ8 all tran5aclion8. assets and Iiabllibtes lor whl¢h th8 PCG Is 1osponsibl8 law. They do nol includ8 th8 linanoial slalements of ¢hurch group5 Ihal ow8 Ih&lr maln all111aOn to another body, nDr those that are informJ gatherings ol ¢hurch members. Donated servlcgs facilities ar8 included al th8 value lo the ¢h8ritywhere Ihls Can b8 quaniilied. Tho vlue ol service5 FrOded byvolunl88rs has rnl be8n Included In thes8 accaunis. Voluntary 1COme and capital SDurces'. Collecllons ar8 recognisad when ro¢dv8d by or on behalf ol the PGC Planned givinll under Gllt Ald is recog] onlywh8n recefv Tax recoverable on Gift Ald don&ilons Is r8cogni5ed when th8 dDnatlon is r8cognised Gr8nls &nd1ogacl8s lo Ihe PCC ar8 accountéd lor as soon ag th8 PCQ 15 nolllled ol ils legal 9ntlt18m8nl. Ihe amount duels quanllllable and Its ulllmale receipt by th8 PCC15 reasonably certaln Incotne Irtsm lundralsing and sirnilar events is accounted lor gross. Olher incoma Renlal incom& Irem the lettlno of church piomlses 18 ro¢ognlsed wh8n the rental Is due. Inveslm&nt Income Interest eniiiiem8nt8 are accoun18d lor as th8y ar8 8ccwed. Tax recoverable on such InGDme Is r8c(NJnlsed In the saffl@ accounllng y8ar.
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND SY LUKE. DEPTFORO NOTES ro THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAA ENDED 31 DECEMBER 2023 1. Accountlng Pollcles {Cont.} livl Ex Exp8ndilure Is accounted lor on an accrual ba8ls 8s a Ilthllly is Inujrred. Exp8ndilure Includes any VAT whlch cannot b8 lully recovered, and is r6ported as part ol the expgrKllturE to whlch11 relate5. Grants and donatlons ar8 aUnted loi when paid over, or when awarded, il that award ereale5 a blrLdlng obgatIon on th8 PCG. The diocesan parish shar8 is accounted lor when due. Any parSsh shar8 unpald al 31 December Is prOvEd lor in Ihose fInaCial slalements a5 an operaiional Ithough not a looall Ilabilily and Is shown as a ¢reditor in the balance she81, endlluie Iv) Flxgd asse Consecrated property and moveaUe church fllmlshlngs: Consecrated and benellc8d properly ol any klnd Is exclud8d from the accounts by sl0l2la Charlll8s Acl 2011. No value 18 a¢ed on mov8the church furnlshlngs held by th8 churchwardens on spe¢lal trust lor tho PCC which rgquir88 a lacully lor dsposal. All expendilure Incurred during Ihe year on con5e¢ral6d or tnetiCed buildlrKJs and rnoveable church furnlshlngs whether malniènan¢9 or improvem8nt, 15 written oll. urrenl a S8 Arnounls owing lo the PCC al 31 Decemb8r In resp9cI of fees, rents or olher IrKome are shown as debtors10SS provislon for amounts that may prove uncolleclabl8. Shori-lerm de5115 Include cash hold on dep0511 wlth tho CBF Church ol England Funds or at Ihe bank. Investm8nts held as fix8d assets are initially valued al cost on Ihe day ol purchase and sub88qu6nlty mgasur8d al their lair value as al th8 bala9 sheet date uslno the quoted market prlce. The dlff6ren¢os In the valugs ol inve51menls at the beglnnlng and end of th8 year are Ire8led a5 unr8cognlsed oains or losses and lorm part ol r8serve5. When the Invgslments are sold, the dillwenc8 between th& saSe proceeds and Ihelr valu8 In the books on Ihe dale ol sale Is treated as a recoonlsed galn or loss. vllll Debtors Trad8 d8btois are r8cognlsed Inibally al the Iran8acllon prfc8. They are subsequently m8asured al afflort15ed cost using the effective Inler8sI tn8thod, 1888 provislon lor impalrm8nt. A provlsion lor impalrm8nl ol tiado debtors is established wh8n thero is objective evidence that th8 church wlll not be able lo co118ci all amounts due accordlng lo the origSnal terms of Iho rec8ivab5e5. ix) and cash lents Cash and cash equlva18nls Indude cash It? hand. deposlls held at rAII I1h banks. other shDrt-lertn IId investments wllh otiginal maturilies ol three month5 or less. bank ov8rdralts. Bank overdralls ar£ shown within borrowin08 xl Creditors Trade creditors are recognised Inlllally at the Iransaclion prl¢è and subsequently rneasured at amortlsed cost using the effective interest fflethod. Short-lerm trade creditors ar8 tne8sured al the trhnsaction prlce. Other flnanclal Ilablllli8s. Includlro loans, are measurgd Inlllèlly at fa1r valuè, net of Iransaotlon costs, and are measured subsequenlly al amort15ed cost using the ellective Inleresl tn8thod. 10
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE. DEPTFORD NOTES TO THE FINANCIAL STATEMENTS {contlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 2 Donatlons Legacles TOTAL FUNDS 2023 TOTAL FUNDS 2022 Unresirlclèd Funds Restricted Funds Planned glvlng- SlandSng Orders Othèr Plann8d Glving Income tax recoverable Collections al als servlces Fuel Grant Received Other donations 2,550 2.550 986 1,621 5.692 2,225 1,393 1.031 2,898 1,400 284 1,621 5,692 636 636 11.485 11,485 9.231 3 In¢ome from Charitabl8 Actlvltles TOTAL FUNDS 2023 TOTAL FUNDS 2022 UnTeslrlcted Funds Rèstricled Funds Cl)urch activitffes Projects and events Fees from weddings alc Miscellaneous Incom 140 1,061 140 1.061 84 1,503 1,285 1.285 1,507 4 Investment Income TOTAL FUNDS 2023 TOTAL FUNDS 2022 Unrestrl¢ted Funds Restricted Funds Dividends and interesl 32,469 32,469 882 33.351 33,351 31,533 31,533 882
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE. DEPTFORD NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 S Charltable actlvltles TOTAL FUNDS 2023 TOTAL FUNDS 2022 Unrestrided Funds Restricted Funds Church activities Misslonary and Charllable Glvi Minlslry Costs Parish Share pald to Dloces8 Other mlnlslry costs 792 601 1,393 1.092 12,000 652 12,652 12,000 652 12,652 12,(M)O 591 12,591 Childron's and youth aclivides 423 569 992 10 Church running exp8nses Upkeep ol servie85 Proleels and Events Eleclricilylgasfvater Muslc and bookg Irisur8nee Stalionerylgoneral ollica expgn88S Hospiialily Oulsouiced olllce services Miscellaneous expenses 399 399 2,022 1,296 4,511 19 9.197 4,759 1,496 6,649 823 30,772 12.400 12.400 9,902 3,565 648 6,803 9.902 3,565 646 6,803 348 34,065 34,085 Church property expens85 st Nlcholas General malntgnancè and repdrs Professional Fees C19aning and Garden Maint8Mance SecuritylHealth & Safety Sl Luke Main18nance and Redeveloprnènt cosls Professional 18es Rates 190 Centre 2,619 2,619 3.473 450 4,582 1,200 6,971 1,442 6.971 1,442 1,190 1,440 11.032 11,032 12.835 Independent examlnallon 2.115 2,115 1,625 61,079 62.249 58,425 12
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2023 6 Staff Costs and Numbers No skll were employed by the charity in 202312022.. nlll 7 Tran$acllons wlth PCC members No member ol the PCC recelved any remuneration or expens&s. 8 Tanglble FIx8d Assets Sound system TOTAL Co$1 or valuation Al 1 January 2023 Additions Disposals Revaluation Al 31 Decemb812023 15,808 15,808 15,808 15,808 Depreclatlon Al 1 January 2023 Provided in the year Disposals Al 31 December 2023 15.808 15,808 15.808 15,808 Net book amounts At 1 January 2023 At 31 Decefflber 2023
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 9 Investments 2023 2022 Fixed A556t UK Investments ovement y8ar Broughl lorward RevalLJalion ILossllG8in 973,145 1,109,472 76,962 1136,5971 Sale ol shares 120,0461 1,030,061 973,145 Portlolio details Unlts Market valu8 Mayfair Property Income Trusl lor Chari1185 Iunresirictedl CBF Investment Fund Iunreslricledl COIF Investment Funds (Restricted) 120,658.00 40,133.08 1,618.46 90,723 907,220 32,118 1,030,061 10 Dèbtors 2023 2022 In¢om& Tax Recoverable Olher Dgblors Prepayments and Accrued Income 1,031 1.248 2.400 3,047 3,047 4,679 11 Credltors: amounts falllng duo wlthln one year 2023 2022 Credltors Accruals 3,085 2,246 351 2,101 5,331 2,452 12 Commitments under opèratlng leases Al 81 December 2023 the PCC was commllled lo making the following total minimutn loase payments under non-cancellable agre8m6nts in respect ol.. 2023 2022 Hgolth and salety agreement Paymonls due within one y88r Payments due b81wèen one and two yèars 1,687 1,687 Ollice equlpm8nt Paymenis due within on6 year Payments due belween on8 and two years Payments due belw86n two and live years 341 1,363 341 341 1,704 14
PAAOCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD NOYES TO ThE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2D23 13 Analysls of net ass819 betwogn lunds Current yOAr Vnrestrlcted Funds R8slrlcled Funds Tol81 Fix8d assel inveslffl8nl8 Curienl assets 997,943 17,267 32.118 1.810 1,030,081 19.077 (S1) Nat assèts ai 31 DBc8rnber 2023 1,009,879 33,928 1.043,807 Prnvlous yea¥ Unrestrlet Fijnds He$trl¢led Fundg Toljl Fried assel inve5tlll9nts Gurrenl aBsels Gwrgnl IL4blllll¢s 943.771 10.182 12,4521 29.374 2,098 973,145 12.280 12,4521 Nel a5splS ai 31 DecembBr 2022 951.501 31,472 982,979 14 Movernenis In fuThdg G8ln on rovalu@tIDn of Inve8trnBnia At 91 D8¢ember 2023 Current year Al 1 Jgnugry 2023 In¢om8 ndltura Tran8fÈra lostr1£ tut¥JB'. General fun Long-Term Invbsiments Free Reserves Toial g&n8ral lunds 943.771 120,0461 21,467 74,218 997.943 9,986 I,DU7,929 81,079 161.0791 946.130 45239 74,210 DgslgnalEd lutkds.. Fèbrfc and Malntgnance lund Sl Luke's Redevek)pmenl lurKJ Total dosignaled lunds 9,371 11,4211 1.0 3,371 1,9SO Total unrgsirl¢tÉd tunds 951.501 45,239 61,079 74,216 I,9,879 eslrlcied lund¥'. Ellzabelh lund Machin's fund War M£ttK)ilal lund Organ FurKJ 5,702 24,298 188 716 12001 19701 517 2,227 8.185 26.271 1,351 121 Tow reslriclBd lunrfs 31,472 1,170 2.744 83,928 Tolal 982,973 46,121 62.249 1,043,807
PAROCHIAL CHURCH COUNCIL OF ST NICHOLAS AND ST LUKE, DEPTFORD NOTES TO THE FINANCIAL STATEMEFifs Icontlnuedl FOR THE YEAR ENDED 31 DECEMBEB 2D23 14 MDvemenlS In luThds Iconl.) Lo59 on At revaluallon Y1 DeeÈrnb?T of IDvfrsimgnl$ 2022 ProOU$ yèBr At I JBnuary 2022 IncDm Unrgsirl¢t¢d lunth.. General funds Long-Terffl Inve5tyn8nig Free Re5eNes Toial g9Tboral funds 1.076,5U4 1132,7331 943,771 41,894 41,294 58.225 15B,3251 1,093,135 1132,7831 948,130 DEslgnaled lthds.. FabFlc artd Malnlenanrp fund Sl Luke's Red9VFlopmgntlund Tvlal deBignaled lunds 5,810 2,22D 8,030 12,4291 2.220 14,6591 3.371 ts.a71 TO1 un[98cle lur$ 1.101 165 41.394 58,325 132,733 951 501 RasthGled funds.. Ixabalh Gl195 fund MachiTr's lund Wai mtymor Iu Organ FutKI 6,264 26,822 1,351 166 712 17281 5,702 24,296 Tolal re$irf¢ted lunds 34.558 878 100 64 31,472 Total lund$ 1.135,723 42.272 58.425 138,5971 982,973 D051gn8ièd Funds FabrlG•ndMalnlen8ncè Fund Thp PCC deskn4ied £10,ON 88 a12bTiC ma4n1art0 lund at Ihfj beghnlTrll Df 2019. Thg amount IB gqulv¥lèllllo Ihg totgl mOr repgirfjxptrndiiure in praVIS Ilvo y8ars12D14-20181. Tho 4mounl d$$longd lO¢OVèW WtgnlLIl mlor re[expenlIur9 as a resultol ihg qulrquennlal IDspecilon ol si NlcholR8 Gr¢h CBrrABdoul In 2019. st Luke8 Rfj41evelopm*niFund Th9 Sl Luke's R£d8vèlopmenl (desVeledl represents £10,000 n4)ced by1 pcc 2019 to cover cosls a88ted I1h tha ¢èdwelopmFnl ol Sl Luke'8 Church. Ro¥irlcled Fund¥ Ell¥ob•rh Glles Fund The reslricled fund known aslhe 'Ellzabèlh Glle5 Fund. vras cTeal In 2014 ihe I¥r Elzabglh Gllus Chodty donai¥d Ils asBBIs to lh& PCC. Th&chaTilaLlo obleetivg Ihe rell&l ol povertyln partsh. k4achln'5 Fund WBB cfeaidd InJaNary2015then Ihe 3598is of the fr&r Thomas kl&¢hln'g EducRIIDnal ChaAIy donaled lo Ihè PCC. 115 PUIPOSe Is lo pryd8 gdu¢alonal b8fi9fi1g io IhB childrèn Ihg paTk4h Of Sl Nh[a$ and Sl Depllord. A tomtnitteè¢onglsllng ol Ihe vltrar Ihe chuichwaidengdotgmlne whatgranls Bhwks made from INS lu[. WarmenrI91 Fund Thowor memorial fund rgpTgstnts re51rfcled donallon5 made to low8rd3 Ihecostol r8pladng the1ogivMr t Sl Lukp's Church. A néw memLYial wa5 originallyprowsed lob£ consliuctod In conjuDclion wkh lh9 comfflern0raln tyl Ihecenl8naryol ihe end ol the FlrstW¢rfd War, and taloted lo Sl Mcholas, Church. SubsEw8nlby, In Iln¥vJllh the thethnors. Ih&woikon Ibe memDrl¥l has r%)wbBendelerred 80 Ihal Ilcan bo knc&l8d al Sl Luka's oncg Iha reconsiwctlon of th8 thur¢h has beBn M818d. Fun ThÉ organ lufid wpre8enis ieslri¢led dOt10n9 mado 10 &UPPOrtth&¢o$laf Thovlny the organ curmuyal Sl Luko ChuTGh artd r&hicaiitva tt lo Sl Nltholas. 16