2023-12-31-accounts

Contents:			Page
Trustees' Report			1 —5
Independent	Examiner's	Report	6
Statement of	Financial	Activities	7
Balance Sheet			8
Notes to the	Financial Statements		9 —14
Appendix 1

for the year ended 31 Dece	m	ber 2023
							TOTAL	ACTUAL
				Unrestricted	Restricted	Endowment	FUNDS	YEAR TO
				Funds	Funds	Funds	31/12/23	31/12/22
			Note	E
INCOMING RESOURCES
Voluntary income			2(a)	100,406	8,470		108,876	86,133
Activities for generating funds			2(b)	551	1,390		1,941	1,085
Income from investments			2(c)	13,287		17,975	31,262	20,807
Church activities			2(d)	12,399			12,399	13,217
TOTAL INCOMING RESOURCES				126,643	9,860	17,975	154,478	121,242
RESOURCES EXPENDED
Cost of generating voluntary	income		3(a)
Fund-raising costs			3(b)	239			239	133
Church activities			3(c)	112,083	26,450	13,720	152,253	119,517
TOTAL RESOURCES EXPENDED				112,322	26,450	13,720	152,492	119,650
NET (OUTGOING)/INCOMING
RESOURCES BEFOREOTHER
RECOGNISED GAINS AND	LOSSES			14,321	(16,590)	4,255	1,986	1,592
(Losses) / Gains on investment		assets:
On revaluation						55,103	55,103
NET MOVEMENT IN FUNDS				14,321	(16,590)	59,358	57,089	1,592
NET MOVEMENT BETWEEN		FUNDS		9,339	(5,084)	(4,255)
BALANCES BROUGHT FORWARD AT
1 JANUARY 2023				320,597	34,500	599,665	954,762	1,032,075
BALANCES CARRIED FORWARD AT
31 DECEMBER 2023				344,257	12,826	654,768	1,011,851	1,033,667

as at 31 Decembe	r	2023
				31-Dec	31-Dec
			Note	2023	2022f
FIXEDASSETS
Investments				654,768	599,665
CURRENT ASSETS
Debtors				5,221	2,901
Short term deposits				301,358	298,897
Cash at bank and	in	hand		60,588	64,063
				367,167	365,861
LIABILITIES
Creditors - amounts		falling due within one year		10,084	10,764
NET CURRENT ASSETS				357,083	355,097
TOTAL NET ASSETS				1,011,851	954,762
FUNDS
Unrestricted			8, 9(a)	344,257	320,597
Restricted			8, 9(b)	12,826	34,500
Endowment			8, 9(c)	654,768	599,665
				1,011„851	954,762

2	INCOMING RESOURCES							TOTAL	ACTUAL
					Unrestricted	Restricted	Endowment	FUNDS	YEAR TO
					Funds	Funds	Funds	31/12/23	31/12/22
					F		F
2(a)	Voluntary income
	Planned giving:
	- Gift Aid donations				60,939			60,939	55,268
	-tax recoverable				15,642			15,642	13,792
	Collections (open plate)				4,577			4,577	3,113
	Collections (specific charitable)					721		721	25
	Legacies &large donations				18,448			18,448	6,820
	Grants					747		747	600
	Community Living Room/Fridge		-grants, donations			3,225		3,225	3,454
	Small grants &donations				800	920		1,720	655
	Donations/income for Chaplain		Projects			172		172	55
	Donations to Vicar's Discretionary			Fund		2,685		2,685	2,301
	Donations to Flower Fund								50
					100,406	8,470		108,876	86,133
2(b)	Activities for generating	funds
	Fund raising
	—fetes, fairs, jumble sales,	Amazon		Prime etc	52			52	56
	- after church coffee				499	1,390		1,889	1,029
					551	1,390		1,941	1,085
2(c)	Income from investments
	Dividends and interest including
	tax recoverable				13,287		17,975	31,262	20,807
					13,287		17,975	31,262	20,807
2(d)	Income from church activities
	Church hall lettings				7,446			7,446	8,844
	Church lettings				3,700			3,700	2,055
	Fees				1,253			1,253	2,318
					12,399			12,399	13,217
	TOTAL INCOMING RESOURCES				126,643	9,860	17,975	154,478	121,242

3	RESOURCES EXPENDED	RESOURCES EXPENDED						TOTAL	ACTUAL
					Unrestricted	Restricted	Endowment	FUNDS	YEAR TO
					Funds	Funds	Funds	31/12/23	31/12/22
					F		E
3(a)	Cost ofgeneration ofvoluntary			income
	Planned Giving Stationery
3(b)	Fund raising costs
	Coffee costs				239			239	133
					239			239	133
3(c)	Church activities
	Missionary and charitable	giving -		overseas	1,382	388		1,770	1,390
	Missionary and charitable	giving -		home	1,382	1,723		3,105	2,010
	Ministry —Diocesan parish	share			63,424			63,424	61,331
	Ministry —other ministry costs				2,341			2,341	2,205
	Church running and maintenance				18,619			18,619	12,934
	Church heating repairs				5,062			5,062	2,808
	Church fabric repairs				2,787			2,787	1,230
	Church Hall fabric repairs								2,052
	Church Hall refurbishment		project			16,759		16,759	901
	Capital Fund - chalices, altar linen			etc					1,834
	Organist				3,850			3,850	3,188
	Church hall running costs				9,836			9,836	7,343
	Printing and stationery				2,802			2,802	2)673
	Parish development				241	397		638	30
	Community Chaplain expenses					706	561	1,267	644
	Music in church					355		355	86
	Children's Groups				357			357	84
	Discretionary fund					1,317		1,317	1,350
	Church flowers					344		344	215
	Holiday lunches					1,112		1,112	1
	Community Living Room / Fridge					3,349		3,349	714
	Community Chaplain salary		costs				13,159	13,159	14,494
					112,083	26,450	13,720	152,253	119,517
	TOTAL RESOURCES EXPENDED				112,322	26,450	13,720	152,492	119,650

to the Financial Statemen e year ended 31 December	ts 2023	ts 2023
RESOURCES EXPENDED	continued							TOTAL	TOTAL
				Unrestricted		Restricted	Endowment	FUNDS	FUNDS
				Funds		Funds	Funds	31/12/23	31/12/22
Missionary and charitable	giving - overseas
RDM Parakkanvilai Fund									1,390
DEC Turkey-Syria Earthquake		Appeal				388		388
Bristish Red Cross				1,382				1,382
				1,382		388		1,770	1,390
Missionary and charitable	giving - home
Bone Cancer Research Trust						233		233	155
Rowan						233		233
The Children's Society						333		333	1,390
Cambridge 8 District Youth	for	Christ		1,382				1,382
Macmillan Cancer Support						162		162
Barnabas Fund						252		252	150
Angel Tree Cambridge									25
Arthur Rank Hospice						289		289
British Heart Foundation						221		221
Christian Solidarity Worldwide									145
Wood Green Animal Shelter									145
				1,382		1,723		3,105	2,010
STAFF COSTS AND RELATED PARTY TRANSACTIONS								2023	2022
								R.	E
Wages and salaries								13,000	13,000
Social security costs								(44)
Pension costs								203	203
								13,159	13,203
The PCC has employed the	part-time		Community	Chaplain	since	September	2018.
FIXEDASSETS								2023	2022
Investments
Market value at 1 January								599,665	678,570
Annual revaluation								55,103	(78,905)
Market value at 31 December								654,768	599,665

for t	he year ended 31 De	cem	b	er 2023
							2023	2022
6	DEBTORS (unrestricted			funds)
	Gift Aid tax recoverable						1,483	1,424
	Other debtors						3,738	1,477
							5,221	2,901
7	LIABILITIES - amounts		falling due within one year (unrestricted		funds)
	Accruals of utility and other costs						10,084	10,764
							10,084	10,764
8	ANALYSIS OF NET	ASSETS BYFUND						Total
				Unrestricted		Restricted	Endowment	Funds
					Funds	Funds	Funds	2023
					F	F
	Investment Fixed Assets						654,768	654,768
	Current Assets			354,341		12,826		367,167
	Liabilities - amounts	falling		due within one year	(10,084)			(10,084)
				344,257		12,826	654,768	1,011,851
9	FUND DETAILS					Fabric	Director
				Capital	Charity	Fund	of Music	Etterbeek
9(a)	UNRESTRICTED FUNDS			E	F	F	F	F
	Balance at 1 January			279,514	2,763	32,456		100
	Receipts			18,448
	Payments				(2,763)	(7,849)
	Transfers				3,047
	Transfer from endowment			income		7,719
	Balance at 31 December			297,962	3,047	32,326		100
				Music in	General
				Church	Reserve			TOTAL
				F				F
	Balance at 1 January			300	5,464			320,597
	Receipts				108,195			126,643
	Payments			(101,710)				(112,322)
	Transfers				(1,427)			1,620
	Transfer from endowment			income				7,719
	Balance at 31 December			300	10,522			344,257

									Community	Community		Charity				Music in
9(b)	RESTRICTED FUNDS								Living	Roomf		Eventsf	Etterbeekf			Churchf	Organf
	Balance at	1 January								645				66		55	981
	Receipts									3,225		2,111				240
	Payments									(3,349)		(2,111)				(225)	(130)
	Transfers									3,405
	Transfer from		endowment		income fund					(3,301)
	Balance at	31	December							625				66		70	851
										City							West
									Council		Children' s					Memorial	End
										Grantsf		Groupsf	Flowers			Gardenf	worksf
	Balance at	1 January												4,987		20	1,225
	Receipts									497		250
	Payments									(397)				(344)
	Transfers									(100)
	Balance at	31	December									250		4,643		20	1,225
														Hall		Vicar's
							Knitting		Community			Holiday		Refurb	Discretionary
							Fund f		Chaplaincy f		Lunch Fundf			Fund f		Fund f	TOTALf
	Balance at	1 January						59		1,690				17,805		6,967	34,500
	Receipts									172		680				2,685	9,860
	Payments									(706)		(1,112)	(16,759)			(1,317)	(26,450)
	Transfers											495				(5,520)	(1,720)
	Transfer from		endowment		income fund							(63)					(3,364)
	Balance at	31	December					59		1,156				1,046		2,815	12,826
9(c)	ENDOWMENT		FUNDS
	The endowment fund			arose		from the disposal		oftwo properties			in Hurrell Road		and	Walker Court		in 2006.The terms
	ofthe funds allow for			the income generated			to	be	used for furthering			the religious and other			charitable work		ofthe
	Church of England in			the parish, including			the	repair and maintenance				ofthe church		building.
											Endowment		Endowment			Total	Total
												Capital		Income		2023	2022
	Balance at	1 January									599,665					599,665	678,570
	Receipts													17,975		17,975	17,906
	Movement	in market		value								55,103				55,103	(78,905)
	Transfer to	Fabric Fund												(7,719)		(7,719)	(11,854)
	Community	Chaplain		salary									(13,159)			(13,159)	(7,702)
	IT equipment		for Community			Chaplain								(561)		(561)
	Transfer part ofsalary costs					to Community	Living		Room					3,301		3,301	1,650
	Transfer part ofsalary costs					to Council grants								163		163
	Balance at	31	December									654,768				654,768	599,665

		2023	2022
Flower fund		f
This fund is not a trustee account ofthe PCC
Balance at 1 January		135	284
Donations		150	211
Transfer from main Church	Flower Fund		100
Payments for flowers		193	460
Balance at 31 December		92	135

Trust Fund C99 held by the Diocese for Curate's Houses
Balance at 1 January	6,950	6,860
Interest received	319	90
Balance at 31 December	7,269	6,950