SAINT PHILIPS CHAPEL STREET
Charlty Reglstratlon numl)er.' 117T290
TRUSTEES REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

SAINT PHILIPS CHAPEL STREEr
Registered Charity Number:
1177290
Trustees:
Gordon Nixon
Jacob Maitland
Abigail Summerton
Efua Coleman
Tanja Jones
Agnieszka Hawkins
All￿ Yeoman
Phil Whitman
Sara Timms
Sarah Moring
Tiziana Bumham
Shemuel Sheik {appointed 16 April 2023)
Po Yi Boggie Tam (appointed 16 April 2023)
Andreas Fink-Jensen {appointed 16 April 2023)
Registered Offlce:
st. Philips Church
2 Wilton Place
Salford
M3 6FR
Independent Examiner:
C J Goodh8ad FCA
Knight Goodhead Limited
Chartered Accountants
7 Boumernouth Road
Chandlerfs Ford, Eastleigh
Hampshire
S053 3DA
Bankers:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

SAINT PHILIPS CHAPEL STREEr
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
The trustees present their report and ￿)unIS for the year erKled 31 December 2023.
The accounts have been prepared in accordan￿ with the accounting wlicies set out in note1
to the accounts and comply with the charities governir)g document, the Charities Act 2011 and
the Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland
{FRS102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Saint Philips Chapel Street is part of the Church of England. Leadership of the overall vision
and strategy of the church is the resp)nsibility of the Rector, Rev'd Gareth Robinson, whilst the
governan￿ of the church - making sure y￿ do what we say we're going to do and look after
the building etc- is in the hands of the PCC (Par¢xhial Church Council).
The PCC functions like the trustees board of a charlty and meets four tlmes a year. The
executive of the board, comprising the Clergy, Church Wardens, Treasurer and Secretary, is
the Standing Committee which meets monthly.
The PCC is an elected body made up of people on the Church Electoral Roll. Anyone who has
worshlped wlth us for six months can sign up to be on the Electoral Roll, which allows you to vote
at the Annual Parochial Church Meeting when we elect new PCC members. PCC representatives
are elected for three years, and so each year a third of Ihe PCC is re-elected. The staff team
work to implement the vision ofthe church under the leadership of the Rector and the govemance
of the PCC.
ACHIEVEMENTS AND PERFORMANCE
2023 has been an exciting and challenging year for St Philips Chapel St, from applying to
withdraw the investment fund to purchase of a property to house our DY students to employing
an additional outreach staff member, Michelle Delaney to work with Lizzy.
Pemiission to withdraw the funds has been lengthy with Jacob Maitland, one of our valued
wardens putting in many hours to achieve this. Approval was finally granted post year end for
the purpose of purchasing a propety to house our DY students. Fortunately, the Investment
Fund recovered £17,179 of the £23,320 loss of 2022.
Application for fvnding for Outreach staff salaries was not as successful as we had hoped for,
receiving only £5,961.33. We were able to recover the shortfall due to nol having a Kids
Ministy worker for 2023. Staff, volunteers and church members have been supportive by
taking on additional duties to compensate for the absence of a Kids Ministry Worker.

SAINT PHILIPS CHAPEL STREEr
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
Our financial position was n&Jatively imp&ted durirhJ 2023 due to cOst￿f-1lVirQ increases in
general running costs expenses, shiNlfall in funding for salaries and overspending in some
areas. As a result of the overspending, Standing C(Mnmittee durirYJ December 2023 has
documented remedial measures and shared this with PCC. An extrxt is included below:
Moving foN8rd and likety ov8r thg fvll next financial year we cannot continue to spend on
anything that is not essential to recover from the deficit this year. We must 81so be prudent
in looking or the best de81s possible 8nd not just buwng the first thing that we s8e that we
think w8 n88d. We are not in 8 position to buy best in c18&S items 8t 811 times.
More r8sponsibilty is r8quired by the individual budget holders to m8n8g8 th￿r own
spending in accordance with the budget they are eKh given. This could feature as part of
the y88r end appraisal where they can be held accountable for how effectively they are
spending, Hopefvlly this comes auoss 8s an empowen'ng move as opposed to an￿hing
else.
We recommend a monthty meeting belween Ags and each budget holder where the budget
holder reports spending for the month providing all re￿pts and or invoices received. This
ensures the budget holders are aware of how close to the budget they are at each month in
the year. If they are onty in Feb and they have spent 30% of their annual budget, then
questions can be asked as to why and how th8ypl8n to m8n8ge spending for the rest of the
year.
As a fvrther control measure, st￿ld h8v8 8 spending matrix whereby any budget
holder who is trying to SP8nd more th8n £txJ requires sign off from Ags and any spending
over £[2x] requires s￿n of from Ags and G8reth and spending over q3x] requires sign off
from Ags, Gareth and a Ward8mTreasurer.

SAINT PHILIPS CHAPEL STREET
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
To recap, Budget holders for each category of expenditure are as follows..
Worship and Tech Team
Youth and Students
Kids (cuffently, but will change when with staff reshuffle
next year)
Preaching, Teaching, Worship Leading
Outre8ch and Community
Gener81 Office- Clear guid81in8S 8r8 needed when
allocating expenses to ensure other department expenses
are not inGlud8d in this catego
Building Maintenance
Major & Minor Rep81rs
James H8rrison
Alice Young
T8nj8, Ems, All￿ and/or
Lizzy
Gareth
zzy
Ags
Ags
Ags, Lizzy & G8r8th- 3
quotes are required and
decisions are a joint
effort,
Ags at the request of
others
Ags with extra r8quests
from Lizz
& Gareth
Ags at the r8qU8St of
'zz
& Gar8th
Christmas & Easter
Refreshments
Pastoral Fund

SAINT PHILIPS CHAPEL STREEr
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
Project Pearl was registered as an independent charity hence all fijnds received during 2022
and 2023 were paid over to the charity. The Income & Expenditure summary telow has these
values in italics for'true, comparative purposes.
Unrestrlcted
Funds
Restrlcted
Fund8
Income on
Investment
Fund
TOTAL
2023
TOTAL 2022
INCOME
221,994
72,140
294,134
294,033
270,265
excluding
23, 768
belonging to
Proi6Ct Pearl
EXPENDITURE
226,991
94,757
321,748
276,434
293,322
excluding
28,426 pa
over to Project
P88rt for
awnparison
28,426 paid
OV8r to Proied
P88rt
NET LOSS
(4,997)
(22,61n
17,169
(10,455)
{5,631)
For infomiatlon onty..
NETINCOME
Excl Project
Pearl &
Investment
Income
(4,99n
5.809
812

SAINT PHILIPS CHAPEL STREET
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
Cash Summary at 31 December 2023:
2023
2022
Debtr)rs
5,931
7,488
Cash at b￿k and in hand
57,992
82,305
Credrtors
17,925)
{4,020)
N8t Current Assets
55,998
85,773
ForinfomJaiJon 0￿y- Less £22,753 to P88rt at
31 D8c 2022
(22, 753)
63,020
55,998
(6.011}
Funds I Cash Flow at 31 December 2023:
Nel CurrMtA88•ts
55,998
Restricted Funds:
Ccrfnmunity Outrea
8.789
Heritage & Sethd (trese fund groutls *ill ce&se ￿ b8 in
Outre&h fuThJs are de[￿1 in 2023.}
3,146
ACTS435
1.862
Bags of Ho
10,548
Ukraine
182
TOTAL RESTRICTED FUNDS
24527
Net Cunent Assets (OKffithJn4) eXd￿*ng Resti1Cl￿ FuTrts
31.471
Deslgnated Funds:
Chapel Tots
63
Church Planting
25,270
Tanzania
Building R￿eVekIk￿nt
3,672
TOTAL DESIGNATED FUNDS
31,005
Nel &Krent Assets (oKw*n￿) c)Jnsthring D&sh3n*8d Furnls
466

SAINT PHILIPS CHAPEL STREET
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
Grants:
SDF2 Grant- This grant provided the funds fcy our Ops Managerfs salary and the rental of the
Angel Centre for our Children's Ministy every Sunday in 2023. The grant will be depleted at
the end of 2024.
There are options for other salary grants which are available for application in April 2024.
Staffing change8 effective January 2023:
Michelle Delaney joined the outreach team.
Lizzy Robinson's role was upgraded to Team Leader.
Oli Holt employed for 8 hours a month as an ￿lministrative &ssistanL
DY Studont8:
Our 2 DY students are invaluable in assisting with multiple ta8ks at the church. Their inwt at
the Food Bank on Tuesdays has been very well received by the attendees. In September 2023
tC*Jk on 2 new students who are currently attending the hub in Leeds, Church members
have been generous in helping with accommodation and travel costs lo Leeds. Our goal is to
house the students in our own proFety and to become a DY leaming hub.
Outreach:
Outreach C￿tInueS to be a strong foujs urKler the leadership of Lizzy Robinson with the
assistance of Michelle Delaney. Prq￿ts indude BaJs of Hope which gave £4,988.56
(excluding bags donatgj) worth of bags filled with essentials like toiletn'es, scKks atHJ
underwear. St Philip's love and ccrtnpassion for the omimunity it serrfes is shown through it's
initiates like the Fo￿￿bank, Dropin Café, street ministries and many other outreach actiwties.

SAINT PHILIPS CHAPEL STREEr
TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2023
Budget 2024:
We have budgeted for a minor loss I breakeven which is dependent on Salary grant income 01
£38,325 and strict contrd (rf expenditure.
We have also been very conservative with income from Giving zero increase from 2023
and have faith that we will be over budget.
Salary Expenses Comparative:
2022
95,946
2023
121,712
2024 8udgetsd
149,677
Regular Giving Comparati%p:
2022
151,545
2023
172,064
2024 Budgeted (conservative budget)
172,500
R8servas Policy:
This policy was ajreed by the Standing Committee in 2021 with the goal to build reseprfes funi
to cover 2 months of Nnning costs and 3 months of salaries.
Regrettably we have not been able to contribute tovRrts this Yund,. At this point V￿ have
negligible free reseNes other than the DeS￿nated Funds set aside predominantly for Church
Planting.
Remedial measures to monitor spending and assign resF4)nsibility to re￿vant budget holders
have been put in pla￿ and rep￿ to the PCC as detaibed one pwJe1 of this report.
I . BL4RAJirfW
a7. 03.
27103124

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SAINT PHIUPS CHAPEL STREET
I reFQrt to the trus* on my exanin*ic¥) ofts aXO￿ts of Sant f4Nlros Stre& year end&J
31 C￿*￿ter 20rJ sel p4es 10 to 21.
RESPONSIBILMES AND BASIS OF REPORT
As the trustees of the charity Y￿ are re¥rf)rsitle for axwunts in wfjlh the
rg]uirements Of￿ Charibes Act 3)11 ZJ11 Acri.
Having satisfi&l that ts ¥x￿nL$ Lrf r4uirvJ to L* u[￿r P* 16 of th8
3x6 Act aThJ are elKJitAe for iTrJeFendent eX￿inall(￿, I fep)rt in rwt of my exarninati￿ of your charitys
(yjnts as carriuj out uTrJef secbon 145 of 2011 Art In carr￿r￿j ¢xrt my eXanlnatk￿ I have fdlo*ed
the Direcbons gi￿ by ts Charity c(￿miSsion Ur￿￿￿C￿l415)1bl 2011 ACL
INDEPENDENT EKAMINER'S STATEM
Since chari￿$ gross i￿)me exc*J•J £2￿,[￿1) ￿r ex￿1￿ MLSI te a Mernt￿ of a trK*Jy list&1 in
tion 145 cl the 2011 ACL I confimi th* l am qualtrth to wjertthe ts eXamInab￿ because l am a
rnember of Ihe Inslitute Crf Chater&J AcoJuntJbts in E￿1￿1 aThJ waes, wl¥ch is ol tolies.
I have compk*J my examinaLw)n. I l￿fim7 Ika matus hm c£ffle to my in wilh
examinatkjn gi¥iThJ cajse to tdieve tha in ￿Y materd rnSFrft
11 ￿untiTrj rK4Nds MEre ffsl keFrt li rew chaity as by wtion 1XJ ofts 3)11 kt. or
31 ts *)X￿nts do ￿1th aFPl￿ r8wiremerts ccrf¥2miro the fcm conterrt cl
ounts set out in the Ctsrities (Accwnts ReF(Srtsl R83ulaliJns than any requirernent
that the ￿nts give a aTrJ fair is a rnattw a￿s￿jer￿￿ as part of ￿ iThJeteThJent
examination,. or
41 annual W is Th)t (x￿1tht *ith ts ax?)￿.
I have no aThd have xr(65 ro mate[5 Hi with examinalth to wh￿h
attenti￿ s￿Id be drwm in tris rep)rt in ￿&￿e a thè a>)Mts to b&
C J C£tslhead FCA
KnbJhl C￿jhea￿ ￿MI￿1
ch￿￿$ F(¥d, E*iJh
H￿p$￿'[e SC63 3DA
Daw. l APJ tsut

SAINT PHILIPS CHAPEL STREET
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrfcted Rejtrlcted Endwnent
fund5
fund•
funds
Total
Total
2022
INCOME
ations and18ga¢i8S
Charllable actswI￿S
Other ino)rne
208.272
7,274
59,293
267,565
8.723
17.846
267,187
11,398
17,463
Total incomo
221,994
72.140
294,134 294,033
LYPENDITURE
Charitsble ￿tIVitIes
226,991
94,757
321,748
27fj.434
Totsl expthdltur8
226,991
94751
321,748
270,434
NET INCOME
BEFORE GAINS AND L0&8ES
149971 12161n
127,6141
INVESTMENT GAINS I ILOSSESI
17,169
17.169
ITJ.2301
NET INCOME
BEFORE TRANSFERS
TFiANSFERS BETWEEN FUNDS
11
NET MOVEMENT IN FUNDS
14,9971 121617)
17,169
110,4451
(1,631)
FUND BALANCES AT1 JANUARY ￿23
67,863
47,144
159,284
274,291
279,922
FUND BALANCES AT 310ECEMBER 20rJ
11
62,866
24,527
176,453
263,846
274,291
10

SAINT PHILIPS CHAPEL STREET
BALANCE SHEET AS AT 31 DECEMBER 2023
2023
2022
FIXED ASs￿s
T￿gible assets
Investments
6,930
2￿,918
10,164
178,354
207,848
188,518
CURRENT ASSETS
Debtys
Cash at bank in h￿d
5.931
57.992
63.923
7,488
82.305
89,793
CREDITORS.. anounts fallSng
due thin one year
10
17,¥251
14,0201
NET CURRENT ASSErs
55,998
85,773
ASSETS
263,846
274,291
FUNDS
Unrestricied..
DesignabJ ftjnds
GerErd funds
11
11
31,(K15
31,861
21,889
45,974
62,8e6
67,863
Restricted
11
24,527
47,144
Endowment
11
176,453
159,284
TOTAL FUNDS
263,846
274,291
&gned on t*hal ofthe PCC ty..
Ms T Bumh¥n
Trustee
Ms A Hawkin$
Trustee
Date.. aO.03.iOa(4
20103JaoJ t
11

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEPIBER 2023
1 ACCOUNTING POLICIES
la} Basls of accountirwJ
The ￿nanCIal st*nEnts have teen prepared in ac4))rdarrR applicable *o)unling staThJards. th8 Charilks Act 2011 aKI the
Statement of Recomff*TrJgJ Practice 4)plIca)￿ to Ch￿IlES preparirg tsir ac￿Unts in aCwrd8r￿e with FRS102.
Thè ￿nts have been prepar8J on Ihé going concwn bagls. Th8r& are no mat&lal u￿ert￿n11eS a￿ul the Gharitys abibty to
blin￿. The charity is a puNic benefit otganisation.
Ibl FuTrJ ￿Counting
GeTh8ral tunds repr&8ent the funds of the PCC that are not subj&t to any r851riclions as to thdr use and are available for
application on the general purposes of PCC. Funds designated for a particular purpjse by PCC are also unrestrkbj.
ReStr￿tal fepresenl the fuThls ofthe PCC Ihat we ￿trIct￿J to fvir ￿ on the tyFe offund that il relatès to.
Eestgnated fuTrJs are furnls sel asiJe by the trustees fciswfbj purpc6es in fvrthew￿ of general obj&tives ofthe chatyty.
Restitt&J funds are lo wfic purposes aThJ are lad down by dorK>r. Expendilure m*ts critaria is
harged lo the fuTrJ.
Icl Incorne
The financial statements irKlude all 1ranwl￿ns, assets and liabilities for which the PCC is respo[￿Ible in law. They do not irrlude
the financial staternents of church group5 that their tnain affilial'on to aTh)ther bc¥Jy Th)r those that are infO￿al galheriry of
church membets. In())mè is recognised on the ￿CrUal5 basis and is allocal&J lo the activSty for vthich it rdates.
Idl Expenditure
Expendthre is re¢(￿nIs&j on an acc￿￿lS basis as a liabilty is Ir￿Urr￿J. It it￿[￿Je9 any VAT ￿lCh canTh)t b8 fijlty rÉwver8J, Ind 15
k¢ated lo Ihe ￿tiVfy for which it rdat8S.
lel Fixej as%ts
Tangibl8 fixed ￿ets are inib'alty rneasur8J at ojst aThJ SubSeq￿nty rneasurvj at cost or yauab'on, net of depreciatm aNI any
ifflpairment105ses.
DeprecialSon Is reccgnlsed so as to write off the cost or valuation of assets less theSr re￿dUal values over thdr useful I￿es.[A full
year of depreciatin is charged in the year of pu￿hase aThJ there after on ts followitYJ basis..
IT equikjnenl
20% straHJhl lir
Fumitur6 and filtiffjs
20% straHJhl lir
lfj Bas￿ financia instruments
The charity only entsrs into basic fin￿la1 inslrurnenl transactions that result in the recryJnilKM of financial as*ts and liabilities like
trade other debtors, cash al bank and creditors. These basic financial instruments are measured and transacb'on
Financial assets and liatililies dassffj￿j as due within one year are ml anorbs&J.
12

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 ACCOUNTING POLICIES Icontlnu•d}
Igl Peroions
The charhy p*tkipat8s in Pen5bn Buibjer Sthme section ofthe Church Workers Pe￿k)n Fund IGWPFI lor lay staff. CWPF is
adMi￿Ster8d by thè Church of EnglaTrJ Pensbns Board, whkh hokjs the CWPF assets sewately from Ih)se of the Employer aThJ
other partKipatsw ern￿oyerS.
CWPF has tv￿ seclons..
1. the Defin￿ Benefits Sche
2. the PensSon Bulldlng Scheme whlch has 8ubsectlons'.
a. a deferred annulty section known as Pensron Builder Classk, and
b. a Cash balance S￿n knovm as pe￿lf￿ Bulidef 2014
n￿on Bulld•r S¢h•m•
Both sections Of1￿ Penslon Builder Scheme are cl&8s&# as defingj benefft sc￿Me$.
P4nslon Bullder Cl•sslc prO￿d65 a p8nslon, accumulated from contribulM8 pald aThJ converted Into a deferr&J annulty durSng
8rnpIoyrn8nl b&ed on terms sel aTrJ revith¥&J by the Church ol EnglaThJ Pensk)ns Board from1Srne lo Di%retionary Itueasss
may also bè adaèa, d8p8ndlng on Investrnenl retur￿ and olherfxtors.
P•nslon Bullder 2014 is a cash balance scheme Ihal provides a lump sum which m8mb9rs use to provid8 Eenefils at r8tirernent.
Pens1￿ contributions Tecorded in an account for each rnernbar. Discretionary bjnuses may be added ￿or& rèllr8menl,
d8pendlro on Investment retums aTrJ other factors. acc(￿nt, plu5 any b)nusgs d¥lared is payatle, unredu¢gJ, fr¢Jm 65.
There Is rK+ Sub41￿810n ofassets btheen ernpbyers In sectlon of1h8 P8n8ion Bulljer S¢h6Yne.
The scheme Is ¢onsid8r8d lo b8 a multl-8rnployer scherne as de%rlbed In Section 28 of FRS 102. This Is trfavse11 is rol
posslble lo atldbule ts Pension Buildgr Scheme'5 ass8ls and Ilaknlib'es to SFeclfic ernpk*y8rs and m&ans that contributions we
aLr￿nted for as ff the Scheme wwe a ￿fina￿ eonlrfbutksn sch8m8. Thè ￿nSIOnS costs charged to ts SOFA Sn yew are the
CLmlribLrtions payabl812023'. £7,487, 2022.. £4,314).
A valuatlon of the Penlon Bullder Scherne Is carwj ulce èvery three ye￿. The most ￿ent valuakn was carrfed out as al
31 Cwter2019.
For the Penslon Builder ClasgG section. thè 2019 valuallon revealed a deficit of £4.8rn on the ongolng assumptions usgj Al the
mc61 recent annual review effective 1 January 2024, Board chose lo grant a dlscretlonary trM)nus of 6.7%10 both ￿nSIo￿ not
yel in pay￿￿nI and pensH)ns in payment Sn resFecl of Se￿Ce prfor to Aprfl1997'. a￿1 a bonus on pensions in payment in rewi of
post Aprfl >J06 servKe so that Ihe Fensicfi ir￿lease was 5% (where usually il would be calculated bas￿ on InflalK￿ w to 2.5%).
Thls lollo*Ed Improvements in the funding posllion ov8r 2023. Thwe is tx) requlremenl f￿ deffdl payments al the current Ilme.
For Ihe Pensbn Builder 2014 section, the 2019 valualSon reveatwJ a surplus of £5.5m on the ongoing assumpti￿ wj. There is
no r4uirernent for deficit paym8nts al current fjme.
The next valuatlon 15 due as al 31 Ewembw 2022. CabJlalk)rB forthSs are wrrently uTrJerway.
The1gJal structure of the stheme is such that rf arOl￿r ernF*Jyerfails, thè charty could tecome teSp)nSi￿o for paylrKJ a sh*e of
the failed èmployerfs KtnsB)n liablllties.
13

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
2 LEGAL STATUS
The charity was wlsternl on 22 February 2018 with the Charity Commis5*Jn in England Wales.
The reglslered Off￿ dlhe ¢harfly is St. PhiliF6 Church, 2 Wilton Place, SaWcfd. M3 6FR.
3 INCOME
Unre*ricled Re•trict•d
lun(ts
Total
2023
Total
2022
fun(18
DONATIONS AND LEGACIES
Plann8J giving
0￿ off gifts
collectio￿ at seNces
Grft aid recov8red
DonatM)ns from ciganisalicns
I￿,278
18,245
3,515
36,234
1,678
15,567
462
748
40.842
59,293
151,954
33.812
3,97T
36,980
40,842
267,565
135,387
44,677
7,274
32,745
47,104
267,187
208,272
CHARITABLE ACTivmES
Event inD)rne
Intèrn fees
stalulory fees
69
1,380
5.375
1,380
1,9Sg
8,723
7,552
1,331
9,383
7,274
1,449
OTHER INCOME
Hire of wemises
Bank interesl
Diwdwds
Donations in
5S3
5,395
11.3
17,846
106
5,215
9,696
17,463
11.398
11,398
TOTAL INCOME
221,994
72,140
294,134
2H,033
14

SAINT PHILIPS CHAP& STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIIBER 2023
4 EXPENDITURE
un￿trIcted R•strlcted
funth
T(*al
2023
Totsl
CHARITABLE ACTMTIES
Worship
5,e67
4,769
COMMUNITY
Refrest4n8nts
fererres events
Hospitaity
6,293
13,997
2,138
22,428
13.140
3.574
16,714
19,227
3,618
M￿s1ON
Church
Gwts
4.813
1.6
22,013
29,893
51,
24,529
45,403
29,592
CENTRAL RESOURCES
FuTrJrasir
ds and youth reswr
New Wiw Di8d*hlp Ye¥ tranlng
General offKe
Bullding running ¢L%ts
Hire of wemises
Repats and maInten￿4
es aThl w4es
PetBkJns
Slthents
Trdlnl
Staff ￿oMfflQjati0n
Parish share
F88s repahl to dtlwe
ACcounta￿Y
Bank charg8s
Loss on dlspxal
t*pr&iat
4,129
1,379
1,769
10,WJ
Xi,774
4,129
1,379
744
1231
10,857
3J,774
11,3Y2
33,C69
25.645
25,645
114,225
11,781
91,632
4,314
579
4,497
37,881
1.361
6,126
2114
2,114
4,739
30,1XNJ
1,721
4,391
321
4,381
310
3,862
11
10,029
219,645
195.5
45.7
241,330
TOTAL EXPENDITURE
226.991
91757
321,748
276,434
I￿￿ed within xojunlary *)Np ¥e an￿Jnts du8 to the 8xaniws in I￿at￿￿ b ts examinatiLm of £2,040
12022.. £1,&901.
15

SAINT PHILIPS CHAPEL STREEr
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
5 GRANTS
During the yearts charity rnade Ih9followNJ granllsl of £1,OC() or more lo organisations..
Pmject Pearf
28,203
6 EMPLOYED STAFF C08T8 AND NUMBERS
2023
'2022
Salaries and W￿eS
Ernployevs Nl c05ts
EM￿0Ye￿9 Fenlon c¥)sts
110,807
3,418
7,487
121,712
89,522
1110
4,314
95,946
The a¥ér48 number oflull Umo aTrJ pwt tirn8em￿oyees duriro the year was 612022.. 41.
Dudng the year, Agnleszka Hawkins was pakl reffluneration lotalllng £31,18812022'. £30,576). This was not connected to Iheiriirole
as Iruslee. No truste8 was f8imbur88d exFenses12022.' one Iruslee reimbursed £3211. R8verend Gar&th Robi￿on receivèl £100
allow&￿810 cover food and accomrnodalion ¢osls of hostiNJ an intern.
Duflng y8ar, key management p￿Sonn￿ were p*J £31,188 in salary aThJ tonefits12022.' £30,576),
Th8re were ￿ employees whjse amua r8mun8raticfi was £60,0(KJ N mm.
7 TANGIBLE ASSETS
IT Fumltur• &
•qulpm•nt
flttlngl
Totsl
COST
Al beglnnlng of year
Additi￿5
Al end of year
DEPRECIATION
Al teginning of ￿r
Charge
Al end of year
NET BOOK VALUE
Al end of year
Al teglnnlng of year
33,530
16,639
1169
602
50,711
34,132
16,639
16,051
147
16,198
4cI,005
836
3,689
27,643
6,489
9,576
441
588
930
1q164
8 FIXED ASSET INVESThIENTS
Endo￿nent
fund
General
lund
Total
Market value of invesbnents al l
Dmdends reinv&sled
Gainlllossl on maluation of Inv8sbn8nt assets
M*ket vdue of Investments al 31 ￿rnber 2
159,284
19,070 1781354
5,395
5,395
17,169
2(K),918
17,169
176,453
24,465
16

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
9 DEBTORS
20rJ
2022
Tax ￿0verable
PrepayTrents
AccnBJ InL￿e
3,095
3,176
1,741
2,571
7.488
5,931
10 CREDITORS: amunts falllng due￿In Me year
2023
2022
Othercr&li
7,925
4,020
11 hlOVEMENT IN FUNDS
Balancg at
1 January
2023
Transfarn Balanc• at
J1 Decomber
2023
GaInlO0￿) on
In¢oTh Exp￿dItUre0ndu￿m￿
R•strkted lunds
Community Outreach
New Discipleship Ye
Heritage
Seabgj Vulwab18 Women Project
StrategK Development Fund
OUtr￿h fund
ACTS435
Bags of HoFe
Project Peart
Ukralne
9,258
2,254
1,576
1,570
{6491
15,4341
8,789
3,1PIJ
1,576
1,570
34.881
5,961
1,310
20.773
5,673
182
72,140
134,8811
1,613
8,120
22,753
11,C611
118,3451
128,4261
1,￿2
10.548
182
24,527
47,144
{94,75n
Endowm8nt funds
Investment
159,284
159,284
17.169
17,169
176,453
176,453
Deslgnated funds
ChaF*I Tots
Church Planti
Tanzania fund
Building R&1evdoprnenl
147
15,670
1841
9.6(
25,270
6.072
21,889
12,4(KJl
12,4841
3,672
31,tK>5
11.6
General funds
45,974
221,994
1224,Y)7)
111,6C()I
31,861
Total funds
274391
294,134
1321,7481
17,169
17

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
11 MOVEMENT IN FUNDS [C&NTINUED]
The1C41￿￿ng are the restricted aThJ d8signabJ funts al￿a￿j by the Ch￿lty..
mnwjni
The Comrnunity Outreach was set up to fuNI the salary of a Community Manager vtho oversees ItE OLth&h Arjrk with Ihe
Ic￿1 community as well a5 pvjneèring ministy to the disadvantaged.
New Wine Disci
leshi
The New Wine Disapleship year is a cxjurse for ￿r￿j th8y th8msdves which is r&StriC￿ lo pa￿tvj for the
expensas of course.
In 2018 we r￿e1V￿￿ a Heritage lottery grant of £10,CKJO towards a prokd I￿￿j.. Saint Philips Church.. LoviThJ aTrJ se￿ng a
community through ihe fifst wcdd war.
Seedbed Vulnera
£5,CKX) granl frorn Segjw to start a rnin¢5try to vul￿rat1& *trnen tho liv8 ￿)rk on str88ts.
Strat
icDe
Fund
This is i1￿0m8 from a chU￿h Commissi¢)npAS Grantto fund saary and orwts for Ihe Operations Mana3er.
This rewes8nts grantfundlro ￿1Ved towards t￿ sdaries of oUtre￿h Manag¥ and Worker.
This represents fuThJs vthich are used to cover (J)sts of fumilure and ublity bills for vulner*4e familie5 in c4Jnrnunity.
These are fuTrJ5 for the Bags of HoFe prlect ¥thlch offers essenlld gc4]ds lo Ihe horneths a￿1 sex W￿er$. Tr figure inclwles a
value ￿a¢ed on donal¥Jns in kir¥J.
The wsion of PrCl￿t PeJl is to se8 women wh) 1881 IrdpO in the sex industy, for sex W(￿ is not a Ch￿Ce, set free I
Into theSr full tthntial. Ths vision ha5 grown cyjl cl years ol exFerience *fjrkSng dir&tly with women. partnering wlh organL8
and the desire to meet the urgent need that has been Id￿1￿￿￿. Funds we held by Saint Philips Chapd Street Fending the
up of Propct Pearf as an independent charity. Proiect Pearl (charity numtEr12035C61 was sel up duriro 2023, so these fijnd
paid ouito It.
slep
lions
ing
kraine
In thè small town of Ostroda, Poland, there is a retreat camp calbj Camp Oslr&Ja in the wake of the Irajic w¥ in Ukrane they
have taken in170 ukraini￿ refvgees. T￿Y we delivering supplies lo Ihe soldiers on ts IKxder and are bringirrtJ h)pe into the lives
of hundr8Js of F*0￿e. We are partnerf￿ with t￿M in prayer and in financial supp)rt.
18

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
11 MOVEMENT IN FUNDS [CONTINUED]
This is an èThdMn8nt from th8 sab of a sc*ool In 1973. Suty'ect to confirmation Irom the Dwese, It￿ Chwch underst￿8 that
irthm8 IwhEh Is relnvesled in the Inv8Stmenl fund e&h year) Is avallable for gene￿ use whik ￿ capitsl amount initially inve51
is r8strKlgJ. ￿ Church has &cèssed the investment fund statements for 201910 2023, thi¢h show a Iota income of £24,465.
Work Is ongolNJ lo identtfy the remaSnlng amount of Income that has ￿en g￿erated sirr£ t￿ inltial capltsl was first Invested, T
ChurGh has d8Ct&J not lo Iranslér any funds out of ts Snvestmenl fund this year.
Chapel lols is a Parent aThJ Tojdbrgroup ￿ Nn vthl¢h Is fvTrJ8d from an approximately £1 Fer F6fythi tJ)naUon aTrd is 88ff fitnd&J.
Saint Philips ChaFel Slreèl Is commltted lo planllng a church every 3 to 4 years and therefore we set aslde a regular amount of
rnoney in our savirKJ ¥o)unl thrch is rdeas&J as an unrestricted gift or a start up fund for Ihe church plant.
Thls Com[￿seS fvnds set aside lo give lo a Tearfijnd project In Tanzanla.
Over fv last few yeafs the GhurGh has experi8rt&J S￿n￿¢ant grovrth and In order to enat4e varK)us mlnSslries to ¢C￿lInUe on th18
tra￿Ctory the trustees have T￿n￿sed the lo redèv81op the bulldlng, We are comrnltted lo ralsiw the ftjnds through ge￿r
glvirrfJ as wdl a5 by ap￿YIng lor furmling lo various organisalions aTrJ charltsbl& Irusls. Therefm w8 have crealgJ a designated
fuTrJ calbd Buiklir@ Redevdoynenl Fund.
12 ANALYSIS OF FUNDS
Unr••trlet•d R•#r1e￿ Endo*Th•nt
fund•
lund•
fund8
2023
Fu￿1 ba18nc85 88 at 31 D8Gember2023 arg rnpr8s•il&slby.'
Tangible fixed assets
Fixed asset In¥Rstrnents
Current assets
Current liabilit
6,93)
24,465
39,396
17,9251
62,866
6,930
2W,918
63,923
17,9251
263,846
176,453
24,527
24.527
176,453
Unre9trlct￿ RoJtrl¢tsd Endo*Thént
fund•
fun
fund•
Totsl
2022
FuThY b8lanc&s as at 31 D￿ber2022 8rg rgpTrs9nl&l by..
Taroit4e fiwj assets
Fixed asset investments
Current assets
Current liabilitss
10.164
19,070
42,649
14,0201
67,863
10.164
178,354
89,793
14,0201
274,291
159,284
47,144
47.144
159,284
19

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
13 COhlPARATIVE STATEMENT OF FIIIANCIAL ACTMllES FOR THE YEAR ENDED 31 DECEMBER 2022
funds
fund8
funds
INCOME
C￿atiCfft aThY
Charitab18
Olhet inoxjrne
177,169
,018
267,187
7.767
17,463
Totsl In¢orn¢
191819
100314
294,033
EXPENDITURE
>)1,3rJ
75,111
276,&34
Totsl •xpenditur•
3)1.323
71111
276,*4
NET INCOME I IEXPENDITUREI
BEFORE GAINS AND LOSSES
17,yJ4)
24103
17,
INVESTMENT LOSSES
123,tdO) 123,tyJI
NET INCOME I (EXPENDITURE)
BEFORE TRANSFERS
17A04)
24103
P3230)
15,6311
TRANSFERS BEThEEN FUNDS
13,855
(13,855)
NET hlOVEMENT 11 FUNDS
6,351
25,103
137,0
(4631)
FUND BALANCES AT1 JANUARY
61,512
22,Cb11
196,369
279,9
FUND BALANCES AT 31 DECEIIBER 2022
47,144
159.284
274291

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
14 MOVEMENT IN FUNDS PR￿￿ YEAR COMPARATIVE
Ba14nc• at
1 January
2022
Tranthr8 Balan￿ at
betlwen 31 Decomber
fund•
Galnll1088) on
Incom8 Expendlturo ondo*Then18
R•8trf(*ad fund•
Communlty OUtr￿h
New Wine Di8cipbship Year
Herit49
Se8Jed Vuln8rat48 Women PrO1￿t
strateg￿ Devebprnenl FutKI
ACTS435
B￿$ of HoFe
Pro1￿1 Pearl
Ukraine
9,432
5.254
1,576
3,C#J8
15,185
115.3591
13,5QK)I
9,258
2.254
1,576
1,570
760
30,854
2,001
22,933
23,768
4,213
100,214
12,1981
130,8541
12,7681
115,2401
19791
14,2131
175,1111
2,380
427
{361
1,613
8,120
22,753
22,041
47,144
Endowm•nt fund•
InvestrnenlfvTr
196,369
196,369
123,2301 113,8551
159,284
123.2301 113,8551 159,284
D••lgnal•d fund•
Chapel Tols
Church PlanJNJ
Bulldlng R&J8vebpmenl
104
147
15,670
6,072
21,889
6,070
9,600
10,200
19,800
14,1281
14,1281
6,113
1c4
G•n•ril fund•
55,399
193,715 1197,1951
15,9451
45,974
Total fund•
279,922
294,033 {276,4341 123,ZJOI
274.291
21