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|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||||
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|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|
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|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|