## **St Nicholas Church** 

|**Profit and Loss account - Year ended 31 December 2023**|**2023**|**2022**|
|---|---|---|
|Voluntary Giving|163,022.25|157,207.61|
|Special fund raising|14,528.26||
|Investment income|31,054.93|38,077.44|
|General parish income|4,378.40|787.86|
|Income from rental property|5,760.00|7,000.00|
|Bank interest|216.33|252.54|
||**218,960.17**|**203,325.45**|
||||
|**Less expenses:**|||
|Repairs and upkeep|32,417.76|26,571.16|
|Staff costs|114,556.25|103,926.35|
|Diocesan levy|36,434.94|34,518.00|
|General parochial overheads|22,916.53|20,686.90|
|Finance and professional costs|912.00|180.00|
|Special project costs|319.66|0.00|
|Donations to charities and missions|12,186.10|15,963.25|
|Depreciation|8,565.73|8,565.73|
|Bank charges|1,626.17|633.21|
||**229,935.14**|**211,044.60**|
||||
|Net Profit/(Loss)|**(10,974.97)**|**(7,719.15)**|





|**Balance Sheet at 31 December 2023**|**2023**|**2022**|
|---|---|---|
|**Fixed Assets**|||
|**Buildings**|1,645,861.00|1,640,125.00|
|Additions durning the year: Church Tower|25,301.00|5,736.00|
||||
|**Fixtures and Fittings**|||
|Cost B/fwd|85,657.25|84,577.70|
|Additions during the year||1,079.55|
|Cost at year end|**85,657.25**|**85,657.25**|
|Accumulated Depreciation b/fwd|37,739.52|29,173.79|
|Add depreciation charge for the year|8,565.73|8,565.73|
|Accumulated depreciation at year end|**46,305.24**|**37,739.52**|
|Cost at year end|39,352.01|47,917.74|
||||
|Investments|567,509.00|567,509.00|
||||
|Cash in hand and at Bank|||
|Current account and deposit account|53,144.68|89,969.46|
|Allocation account|1,142.04|427.04|
|Legg account|7,505.62|7,505.62|
|Adjustment to bank balance|8,399.54|0.00|
||**70,191.88**|**97,902.12**|
||||
|**Total Assets**|**2,348,214.89**|**2,359,189.86**|
||||
|Represented by fund of the Charity|||
||||
|Restricted reserves balance b/fwd|42,991.00|42,991.00|
||||
|Unrestricted funds balance b/fwd|2,316,198.86|2,323,918.00|
|Profit/(loss) in year|(10,974.97)|(7,719.14)|
|Total unrestricted reserves|**2,305,223.89**|**2,316,198.86**|
||||
|Total reserves|**2,348,214.89**|**2,359,189.86**|