| Advisors | |||||
|---|---|---|---|---|---|
| Bankers | National Westminster | Bank Pic | |||
| 15Bishopsgate | |||||
| London EC2P 2AP | |||||
| CCLA Investment | Management | Ltd | |||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London EC4V4ET | |||||
| Auditors | Cook &Co Accountants | LLP | |||
| Riverside Business | Centre | ||||
| River Lawn Road | |||||
| Tonbridge | |||||
| Kent TN9 1EP |
|||||
| Solicitors | Field Fisher Waterhouse | LLP | |||
| Riverbank House |
|||||
| 2 Swan Lane | |||||
| London, EC4R 3TT | |||||
| Brokers | CCLA Investment | Management | Ltd | ||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London EC4V4ET |
| 2023 | ||||
|---|---|---|---|---|
| Note | ||||
| FfXEDASSETS | ||||
| Tangible Investments |
10 11&18 |
245 4,439,917 |
306 3954,142 |
|
| 4,440,'l62 | 3,954,448 | |||
| CURRENTASSETS | ||||
| Stock Debtors Cash at bank and in hand |
12 13 14 |
1 '84,844 913,276 |
'1 111,514 745,893 |
|
| 998,121 | 857,408 | |||
| Creditors | 45,527 | 42,779 | ||
| 952,594 | 814,629 | |||
| NET ASSETS | 5,392,756 | 4,769,077 | ||
| Represented | by | |||
| Restricted fund - Deacons Fund Designated Fund - Capital Fund Accumulated income fund |
16&17 16 17 |
386,346 3,717,461 86959 |
351,798 3,261,843 1,155436 |
|
| 5,392,756 | 4,769,077 |
| THE ACCOUNTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | ||||
| SUNDRY INCOME | ||||
| Unrestricted | ||||
| Social hall hire | 115,026 | 95,093 | ||
| Site rental | 8,470 | 6,890 | ||
| Wedding services | 1,850 | 1,700 | ||
| Mrs FBates - Legacy | 357,839 | |||
| Stained Glass Window Appeal | 16,735 | |||
| Gift Aid 2023 - Interest | 13 | 7 | ||
| Sale ofbooks | 32 | 80 | ||
| Sale of Mugs | 4 | 8 | ||
| Crypt income | 1,400 | |||
| Use ofphotocopier | 175 | 70 | ||
| 500,144 | 105,248 | |||
| ESTABLISHMENT EXPENSES | ||||
| Church, social hall and other properties | ||||
| Repairs and maintenance: | ||||
| General | 68,303 | 22,352 | ||
| Organ and piano | 711 | 3,299 | ||
| Flat | 573 | 768 | ||
| Kitchen equipment | 3,188 | 1,059 | ||
| Insurance | 26,060 | 26,761 | ||
| Light, heat and water | 25,349 | 12,033 | ||
| Cleaning | 17,753 | 10,992 | ||
| Depreciation offurniture |
and fittings | 61 | 76 | |
| Sundries (including rates) |
1,880 | 1,781 | ||
| 143,878 | 79,121 | |||
| CHURCH ACTIVITIES EXPENSES | ||||
| Church magazine costs | 3,664 | 3,429 | ||
| Visiting ministers, organists etc |
9,529 | 9,088 | ||
| Food and drink supplies | 6,738 | 6,786 | ||
| Sundry expenses | 7,412 | 7,047 | ||
| Sunday service - Live streaming | costs | 939 | 902 | |
| Purchases for resale |
67 | |||
| Organ recitals/concerts | 2,100 | 2,660 | ||
| Crypt expenses | 111 | |||
| Functions/Events expenses |
442 | 2,220 | ||
| 30,891 | 32,243 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | |||
| SALARIES | |||
| Minister | 84,087 | 79,613 | |
| Minister's | Pension | 17,877 | 29,158 |
| Vergers | 55,840 | 49,306 | |
| Vergers | Pensions | 5,865 | 6,749 |
| Organists | 20,657 | 20,877 | |
| Organists | Pension | 522 | 517 |
| Pensions | - former employees | 8,622 | 8,172 |
| 193,470 | 194,392 |
| FULL TIME AND PART TIME (PERMANENT) | EMPLOYEES |
|---|---|
| Minister | |
| Vergers | |
| Organists | |
| Administration |
| 5. | MINISTER'S EXPENSES | MINISTER'S EXPENSES | ||
|---|---|---|---|---|
| Establishment and |
Church activities | |||
| Rent, rates, water | and insurance | 46,494 | 36,146 | |
| Property cleaning | and repairs | 3,142 | ||
| Moving expenses | 2,640 | |||
| Telephone | 941 | 753 | ||
| Travelling expenses |
1,988 | 2,522 | ||
| Sundry expenses | 1,997 | 383 | ||
| 57,202 | 39,804 |
| NOTES TO THE ACCOUNTS (continue | d) | ||
|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2023 | |||
| 2023 | 2022f | ||
| 6. ADMINISTRATION EXPENSES |
|||
| Printing, stationery and books |
1,719 | 862 | |
| Telephone, postage and advertising |
4,282 | 4,103 | |
| Computer running costs |
2,713 | 3,751 | |
| Professional charges |
5,591 | 4,584 | |
| Auditors remuneration |
5,555 | 5,485 | |
| Sundry expenses | 2,192 | 2,039 | |
| Bank charges and interest | 487 | 865 | |
| Currency exchange losses | 214 | ||
| 22,539 | 21,903 | ||
| 7. DONATIONS PAID |
|||
| Gifts to needy persons | 1,725 | 15 | |
| 8. SPECIAL COLLECTIONS PAID | |||
| Special collections paid to charitable |
organisations | 6,841 | 8,311 |
| 9. BAD DEBTWRITTEN OFF | |||
| Limone (London) Ltd - Christmas 2017 |
12,294 |
| NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | |||
|---|---|---|---|---|---|---|
| YEAR ENDED 31DECEMBER 2023 | ||||||
| 2023 | 2022 | |||||
| F | ||||||
| 10, FIXEDASSETS | ||||||
| Buildings: | ||||||
| The Dutch | Church, Austin |
Friars, EC2 | ||||
| At written | down value | |||||
| Augustine | House | |||||
| At written | down value | |||||
| 21 Park Hill Rise, Croydon, | Surrey | |||||
| At written | down value | |||||
| Furniture | and fittings (including | library): | ||||
| The Dutch Church, Austin |
Friars, EC2 | |||||
| At written | down value | 303 | 379 | |||
| Additions | ||||||
| 303 | 379 | |||||
| Depreciation charge for the year |
61 | 76 | ||||
| Net book | value | 242 | 303 | |||
| 245 | 306 |
| YEAR ENDED 31 DECEMBER 2023 | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 11.INVESTMENTS | ||||
| Unrestricted | ||||
| Market value at 1 January | 3,625,830 | 3,991,742 | ||
| Less: Disposals at opening book value |
||||
| Add: Acquisitions at cost |
||||
| Net gain/(loss) on revaluation |
at 31 December | 455,608 | (365,912) | |
| Market value at 31 December | 4,081,438 | 3,625,830 | ||
| Historical cost at 31 December | 3,020,587 | 3,020,587 | ||
| See the end ofnote 18for further details of restricted | investments | |||
| Restricted | ||||
| Market value at 1 January | 328,312 | 371,512 | ||
| Less: Disposals at opening book value |
||||
| Add: Acquisition at cost |
||||
| Net gain/(loss) on revaluation |
at 31 December | 30,167 | (43,200) | |
| Market value at 31 December | 358,479 | 328,312 | ||
| Historical cost at 31 December | 86,064 | 86,064 | ||
| Total market value at 31 December | 4,439,917 | 3,954,142 | ||
| Total historical cost at 31 December | 3,106,651 | 3,106,651 |
| NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | ||
|---|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2023 | ||||
| 2023f | 2022f | |||
| 13,DEBTORS | ||||
| Unrestricted | ||||
| Income tax recoverable | 4,908 | 1,476 | ||
| Trade debtors | 26,870 | 25,264 | ||
| Sundry debtors | 29,135 | 55,835 | ||
| Prepayments | 22,696 | 27,249 | ||
| 83,609 | 109,824 | |||
| Restricted | ||||
| Income tax recoverable | 1,133 | 1,241 | ||
| Sundry debtors | 102 | 449 | ||
| 1,235 | 1,690 | |||
| Total debtors | 84,844 | 111,514 | ||
| (All amounts are due within one year.) |
||||
| 14.CASH AT BANK AND | IN HAND | |||
| Unrestricted | ||||
| National Westminster |
Bank, London: | |||
| Current account | ||||
| Business reserve account | 53,554 | 97,000 | ||
| Petty cash account | 730 | 560 | ||
| Austin friars forum account |
3,294 | |||
| Stained glass window | appeal account | 13,335 | ||
| Paypal account | 1,629 | |||
| Sumup account | 423 | |||
| CBFDeposit Fund | 816,000 | 616,000 | ||
| Petty cash | 28 | 82 | ||
| 885,699 | 717,670 | |||
| Restricted | ||||
| National Westminster |
Bank, Current account | 27,577 | 28,223 | |
| Total cash at bank and | in hand | 913,276 | 745,893 |
| YEAR ENDED | 31 DECEMBER 2023 | 31 DECEMBER 2023 | 31 DECEMBER 2023 | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | |||||
| 15.CREDITORS | |||||
| Unrestricted | |||||
| Suppliers | 7,187 | 5,756 | |||
| Other creditors | 15,647 | 11,330 | |||
| Accruals | 1,806 | 2,610 | |||
| VAT | 9,015 | 8,701 | |||
| PAVE/NIC | 9,912 | 9,328 | |||
| 43,567 | 37,725 | ||||
| Restricted | |||||
| Other creditors | 610 | 1,214 | |||
| Deacons fund | 1,350 | 3,840 | |||
| 1,960 | 5,054 | ||||
| Total creditors | 45,527 | 42,779 | |||
| (All amounts | are | due within one year.) | |||
| 16.CAPITAL FUND | |||||
| Unrestricted | |||||
| Balance at | 1 January | 3,261,843 | 3,627,755 | ||
| Unrealised | gains/(losses) | in year | 455,608 | 365,912 | |
| Balance at | 31 December | 3,717,451 | 3,261,843 | ||
| Restricted | |||||
| Balance at | 1 January | 270,475 | 313,675 | ||
| Unrealised | gains/(losses) | in year | 30,167 | 43,200 | |
| Balance at | 31 December | 300,642 | 270,475 | ||
| 17.ACCUMULATED | INCOME FUND | ||||
| Unrestricted | |||||
| Balance at | 1 January | 1,155,436 | 1,334,607 | ||
| Surplus/(deficit) | for the year | 133,525 | (179,173) | ||
| Historical rounding difference |
2 | 2 | |||
| Balance at | 31 December | 1,288,959 | 1,155,436 | ||
| Restricted | |||||
| Balance at | 1 January | 81,323 | 77,956 | ||
| Surplus/(deficit) | for the year | 4,381 | 3,367 | ||
| Balance at | 31 December | 85,704 | 81,323 |
| 18, INVESTMENTS | 18, INVESTMENTS | AND INCOME | Market | Net | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted Nominal amount |
Cost | Valuef | Income f |
|||||
| EQUITIES AND UNIT TRUSTS | ||||||||
| 68,349.99 | The CBFChurch of England | Investment | Fund | |||||
| Accumulation | Shares | 3,020,587 | 4,081,438 | |||||
| 3,020,587 | 4,081,438 |
| UITI | ES AND UNIT TRUSTS - COST OF IN | VESTMENTS |
|---|---|---|
| As at | 1stJanuary 2023 | 3,020,587 |
| Purchased | ||
| 3,020,587 | ||
| Less | Sold | |
| Rounding | ||
| As at | 31stDecember 2023 | 3,020,587 |
| Cost | 2023 | 2022 | 2023 | 2022 | |
|---|---|---|---|---|---|
| or | Market | Market | Gross | Gross | |
| SUMMARY | Valuation f |
Value f |
Valuef | Income f |
Income |
| WIDER RANGE | |||||
| Equities and unit trusts | 3,020,587 | 4,081,438 | 3,625,830 |
| Restricted | 2023 | 2023 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Book | Market | Book | Income | ||
| Value | Value | Value | |||
| F | |||||
| COIF Income shares | |||||
| 3,907,84 Deacons Fund | 4,300 | 77,551 | 4,300 | 2,129 | |
| 4,383.39Deacons Fund | 5,051 | 86,988 | 5,051 | 2,388 | |
| 1,007.01 Barnet Estate ofGuedes | Charity | 5,312 | 19,984 | 5,312 | 549 |
| 278,43 Egbert Guede | 1,469 | 5,525 | 1,469 | 152 | |
| 125.13Isaac Le Gooch | 660 | 2,483 | 660 | 68 | |
| 6,522.51 Deacons Fund | 53,789 | 129,439 | 53,789 | 3,553 | |
| 1,839.71 Deacons Fund (Dutch Holiday Fund) | 15,483 | 36,509 | 15,483 | 1,002 | |
| 86,064 | 358,479 | 86,064 | 9,841 |