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|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|||||
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||||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|
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|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|
##