REGISTERED CHARITY NUMBER: 1114216 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR SAINT GABRIEL'S PARISH HOUSE TRUST Malthouse & Company Chai'tered Account2nls America House, Ruinford Court Ruintoi-d Place Liverpool Merseyside L3 9DD
SAINT GABRIEL'S PARISH HOUSE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Stateinenl of Finaiicial Activities Balance Sheet Notes to the Financial Statements 10 to 16 Detailed Siatement of Financial Activities 17 to 18
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees Present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Siateinent of Recommended Practice applicable to cliarities preparing their accounts in accordance with the Finaiicial Reporting Standard applicable in the UK and Republic ot. Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives, as slated in the Deed of1900. are: l. For the celebi'ation of divine service in accordaiice with the rites and ceremonies of the Chiirch of England. 2. As a hall or place of meeting t'or the recreation or instruction or othenvise t.or ihe use and benefit of the Ineinbers of the Cliurch of England resident in the pai'ish and such other pei'sons as ihe trustees oi. trustee Inay troin time to lime either generally or in any particular case direcl or pennit. 3. As a place ot" Ineeting for distriLI visitors or for any committee or societies oi. oihei. bodies iii the pai'ish wliich are coiinected with the Church ot" Eiigyland or tor Ineetiiibys to be called iii aid or t-or the benetit ot" any coiniiiitlee society object or cause coniiected with Ilie Church of Eng¥land. 4. As d place ot" meeting for any club guild soLiety or institute wholly or mainly composed of members ot" the Chiircli ol. Engyland who belong to the laboiiringy tnanutacturingy or other poorer classes or as a grymnasium I'eadingj room billiard rooin or i'eci'eation i'ooin for theii. use. 5. As a class rooin nieeting l'oom reading rooin or lecture rooin for Ineinbei's of the Cliui'ch ot" Engiland oi. for Llasses t"oi' coiniiiunicants oi. candidates t.or continnalioii or oihei'wise tor Ilie religioiis or seculai. instriiction ot. Ineinbers ofi'the Chiirch of England. 6. As a lending library t.or the use of meiiibers of the Church of England. 7. As a kitchen or place for providing food or other relief toi. the necessilous poor or for providing tood or i'etreshineiit tor any persons who shall be upon the pi-eirjises for or in connection with any of the puiposes herein Inentioned. 8. As a i-esidence for a caretaker parish nurse mission woinan or otl)er worker in the pai'ish..... 9. For any oiher meetings or for any other objects. ends or purposes having in vieiv the spiritual. intellectual, IDOI-al oi. social needs ot" iiiembeis of tlie Cliui'cli ot" Eiigl(tnd iii tlie said eLclesiastical parish wliich may from tiine lo time be approved eitlier genei'ally or in a particiilai- case by the truslees...... Page I
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Significant activities St Gabi-iel's Pai'ish House Trust was cl'eated in 1900 to provide a range ot"charitable services to the people of the parish of St Gabriel's church, Warwick Squai'e. as set out in the Triist Deed. The Deed creates a functional pei-lnanent endowment, which ineans ihat the Ti'ust achieves its objects by pi'oviding services in and thi'ougyh the Parish House building, which contains a suite of I'oonis and lialls ot" various sizes, as well as a kitchen, lavatoi-ies aiid a caretaker's tlat. The House is based on the Churchill Gardciis estate in Pimlico. In 2011, the Charity Coinmission agFreed a Scheme which made the Parochial Cliiii'ch Council (PCC) of Si Gabriel's chiircli the corpoi.ate Managing Tnistee, and vested Custodian Trusteeship in the Loiidon Diocesan Fund (LDF). The Ineinbcrs ofi. the Managing Trustee (referred to for convenience as the Trustees in these accounls) work to ensure Ihat the Parish Hoiise provides a range of services to the local coininunity in line with the 1900 Deed. Tliese services include hiring out rooms at charilable rales to a range ot" organisations with charitable and cominuiiily objects, including music, tl)eatie and opera companies, and sporting or¥anisations. The incoine provided by hirings is used to keep ilie building¥ in good condition, and io pay for the provision ot" a range of other services at the House. These laltei. have in recent years included a coiThnunily service hub" which delivered in iiiodern foi'in inany of the functions oiitlined in the 1900 Deed, incliidingy coiiiniunity advicL and a toodbank. Hub services are CUiTently suspeiided and uiider I'eview tollowing tlie interi'iiption caused by the Covid-19 pandciiiic. In addition. St Gabriel's parish inission is based at and run t'roin the Parish House, including youll) woi'k on Ilie local estate. The Missioii Priest is also based at the Parish House, as is St Gabi-iel's Parish Ot"tice. The Trustees have also made the House available available as a base for a raiige ot. organisations whose own cli.Irilable obj eLts are consistent with tliose ot" the Trust. These include the local Scouts, and the Pimlico Musical oundalioii (PMF), lin independent charity providiiigy Inusical education lo cliildren in the area via weekly iii-sLkiool teacliiiig and tennly coiicerts. It works iii particular lo lielp cliildreii whose circiiiiistances exhibit some ot.the establislied niarks of deprivation. The Tiust provides tlie Foiindation with office space at no cost. Public benefit The Triistees confirin that they have i-efen'ed io the giiidance contained in the Cliarity Cominission's general guidance on Public Benetil when reviewingF the charity'% aims and objectives and in planniiig I"uture activities. In paiticular, tlie Ti-ust¢es Consider Iiow plaiined activities will colilribute lo tlie aiins and objeLtives they liave sei. Tlie priiicipal public benefit achieved by the Tivst is iii the tuitheraiice of the Anglican laith and education. ACHIEVEMENT AND PERFORMANCE Charitable activities Duriiig the year the charity has been active iii each of the above ai-eas aiid has sougyht to expand the charitable work uiidcrtaken. In addition, the tinancial sui-pluses generated by tlie chai-lty in recent years have enabled it to iiivest substanlial sums in modernising and renovatiiig its principal asset, the parish halls in Pimlico. This upgi'ading ot.tlie building, which as stated above, foi-lns a perinanent endowment, will enhan¢¢ the facilities Ihat tlie cliai'ity can pi'ovide long into the future. Page 2
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial posltion The charity's pi'incipal source of income continued to be the revenue arising from ilie lelting of space within the parish Iialls. This has continued to grow, rising trom £276.4k in 2023 to £279.5k in 2024. Other sources of income liave generally been i-elalively minor. Total income t.or the year was £300k (2023.. £291 k) of which £ Nil (2023.. £ Nil) was resti'icled. Expenditure was higlier at £216.3k (2023.. £206.57k). The decrease was primarily due to a rise in staff costs as a vacant post was filled. The net result was a surplus for the year of'£84.5k (2022.. £84.5k) of which £Nil (2022.. £ Nil) related to restricted funds, there having been no expenditLire of restricted monies during the year. Ciirrently, the trustees are undertaking a programine of Irjodernisation and reflirbishment ot. the parish halls. Annual linancial surpluses are iheret-ore being utilised to tuiid tliis inveslinent. Duriiig 2023 additions to tixed assets ainouiited to Nil (2023.. £15k). Reserves policy The Trustees have adopted a reserves policy which is to l)old a Ininimum of 6 Inonths, expenditure in ordei. to protect against toi-eseeable capital, Incoine. aiid adverse evenl i'isks. At ilie end of 2023, the charity's unrestricted reserves slood at £828.8k (2023 £798.8k) ot. which £124k (2023 £171.4k) was represented by fixed assets. TheretOTe the 'tree reserves ot" the charity were soine £704.8k. It is tlie gyeneral policy of tlie trustees to hold appi'oximately six iiionths, budgFeted cash expenditure in reseive tor unloreseLlI events, Ihat is, ai'ound £115k. The balance of around £590k is held as a sinkingi tund and lo cover tuture investment in the buildings as the Iliird p111se of. Ihe refLlI'bishment project is contelplatec1. FUTURE PLANS Tliei-e are no plans to change fundaiiientally tlie way in which the charity operates. Pi'ior to ihe covid-19 P<?iideinic a project to develop the parish halls had been foni)ulaled in consultatioii with advisei's. The Managying Ti-ustee intends lo extend the bliilding and conlinues lo set aside a siiin within reseives t"oi' that purpose. The cliai-ity's owii resources are not likely to be sut7icient to Ineet such costs in ihe iieai- lulure and ihe trustees are Iliereloi'e investigating7 fundraising options as to how this project miglit be tinanced. STRUCTURE, GOVERNAINCE AND MANAGEMENT Govel'ning document The chai'ity is unincorporatcd and controlled by its governing do¢uiiient which is a Conveyance dated 26 Noveinber 1900 a.s aineiided by a Scheme dated 6 October 1939 and aiiother Sclieme dated 22 Noveinber 2011. Under the latter Sclieine the London Diocesan Fund is Custodian Ti'uslee and the Parochial Church Council of Ilie Ecclesiastical Parish ( the PCC") of St Gabriel's, WaThiick Square. Piinlico. which is itself a i-egistered charity (nuniber I l33969) is Managing Trustee. The iiiembers of the PCC during the period are set out below. Page 3
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The charity was established in 1900 to hold ihe parish halls, at Churchill Gardens, for stated charitable puiyoses iii connectioii with the local Chui-ch of England parish of Si Gabriel's. The land and buildings are held as functional pennanent endowinent. On appointinent, tnistees are provided with an induction pack and receive sufficient training to enable them to tultil tlieii duties as trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1114216 Principal address Cliiirchill Gai-dens Londoii SWIV3AA Trustees O C 14iggs J Fai-niei. P Guinery V Michelet M Pei"i"y C Colvin P Lilley C Nichol A Hakonarson (resigned 14.4.24) R Siniih A Tiickwell (I'esigrned 14.4.24) G Cabral (resi&yned 14.4.24} C Mai'shall (reslgned 14.4.24} Independent Examiner Giiy Playfer BA FCA Malihouse & Company Chartered Accountants Aiiierica House, Rumford Court Riiintoi-d Place Liverpool Merseyside L3 9DD Page 4
SAINT GABRIEL'S PARISH HOUSE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of thc board of trustees on ... and signed on its behalf by: O C Fliggs - Trustce Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAINT GABEL's PARISH HOUSE TRUST Independent examiner's report to the trustees of Saint Gabriel's Parish House Trust I report to the charity li-ustees on my exainination ot. the accounts ot- Saint Gabriel's Parish House Trust (the Trust) for the year ended 31 December 2024. ResponsRbilities and basi5 of report As the chai'ity trustees of the Trust you are responsible for the pi-eparation of tlie accounts in accordance with the requii'ejnents of tlie Charities Act 2011 ('Ihe Act,). l i'eport in i-espect ot my examination of the Trust's accounts carried out under Section 145 ot" the Act and in carryiiig oul my exainination I have tollowed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiiier's slatement Siiice yoiir chai'ity's gl-oss income exceeded £250,000 youi. examiner iiiust be a iiieniber of. a listed body. I can coiifiiin that l ain qualitied lo undertake the exainination because l am a ineiijber of tlie Institute ot Chai1ered Accouiitants in England and Wales, wliich is one of the listed bodies. I have coinpleted Iny examination. I confinn ihat 110 Iiiaterial inalters liave come to niy attention in connection with the examination gyiving me cause to believe ihat in any niaterial respect.. accounting records were not kept in respect of the Triist as required by Section 130 of'the Act. or the accouiits do not accord witli those records. or the accounts do not coinply with the applicable requirenients conceming the torin and content ot" accounts sei out iii the Chai'ities (Accoiints and Reports} Regulations 2008 other ihan any requireinent that the acLoiiiils give a true and tair view which is not a niatler considered as part ot. an independent exaininalion. I have iio concerns and have come across no other matlers in connection witli the exaiiiination to which attention sliould be di'awn iii this report iii order to enable a pi-oper iinderst£qndiiig ot. the accouiils lo be reached. Guy Playfer BA FCA Malthouse & Company Chartered Accountants Atnei-ica House, Ruinford Court Rumt"ord Place Liverpool Merseyside L3 9DD Date.. Page 6
SAINT GABRIEL'S PARISH HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted t.und Restricted fund Notes JNCOME AND ENDOWMENTS FROM Charitable activities Letting Incoine 279,466 279,466 276,428 Oiher trading aclivities Investment incoine 7,800 13.548 7,800 13,548 7,800 6.754 Total 300.814 300.814 290,982 EXPENDITURE ON Charitable activities Chai-ilable activities 216,337 216,337 206,532 NET INCOME 84.477 84,477 84,450 IIECONCILIATION OF FUNDS Total tiiiids broiighi tonvard 798.780 30,000 828,780 744.330 TOTAL FUNDS CARRIED FORWARD 883,257 30,000 913.257 828.780 The notes fomi part of these financial statements Page 7
SAINT GABRIEL'S PARISH HOUSE TRUST BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total fuiids 31.12.23 Total tunds Unrestricted t.und Restricted fund Notes FIXED ASSETS Tangible assets 124,051 124,051 171,375 CURRENT ASSETS Debtors Cash at bank 13,764 775,764 13,764 805,764 11,540 679,017 30,000 789,528 30,000 819,528 690.557 CREDITORS Ainouiits tallingy due within one year (30,322) (30,322) (33,152) NET CURRENT ASSETS 759,206 30.000 789,206 657,405 'roTAL ASSETS LESS CURRENT LIABILITIES 883.257 30,000 913,257 828,780 NET ASSETS 883,257 30,000 913.257 828,780 The notes fomi part of these financial statements Page 8 continued...
SAINT GABRIEL'S PARtSH HOUSE TRUST BALANCE SHEET - continued 31 DECEMBER 2024 FUNDS Unrestricted fijnds RcstriLted fun<ts io 883.257 30,0(K) 798,780 30,000 TOTAL FUNDS 913.257 828,780 The tinancial ststements wer¢ approvcd by tlje Board of Trnst¢¢s and authoiised for issu¢ on . and were signed on its beliaifby.. O C Higgs - Truste¢ C Colvin - Trut•tee The notes fonn part of these financial statements Pagr 9
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS Tlie finaiicial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charilies: Stateineiil of Recomniended Practice applicable to charities prepai-ingi their accoiints in accordance with the Finaiicial Reporting Standard applicable in the UK and Repiiblic ot" Ireland (FRS 1021 (effective I January 2019),, Financial Repoiting Standai'd 102 'The Financial Repoi'ting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The f)nancial statements have been prepared uiider tlie historical cosl convention. Whilst the PCC (i'egistered charity nLiinber 1133969) is the collective trustee of St Gabi'iel's Parish House tliese accounts are not consolidaled in tlie results and assets of the PCC on ilie basis tlial tlie PCC is unable to derive direct fii)ancial benelit troin the asset.s ljeld by St Gabriel's Pai-i.8h House. The gyoveming insti'ument of St Gabi'iel's Parish House means Ilial, wliile the PCC is Ihe collective trustee it lias no controlliiig powei's lo decide how an asset of St Gabi'iel's Pari.sl) House is used or whether an asset can be sold and tiinds distributcd. Under the Charities SORP wh¢re sucli severe loiig terni restriciions exisi the entiiy in question can be excluded troin coiisilidation. Therefore, these acLounts ietlect the tinances ot. St Gabriel's Parisli House as a staiidalone entity. INCOME All incoine is reco&Fnised in the Stateiiieiil ot" Financial Activities once the chai'ity has entitlement to the tunds, it is pi'obable that the income will be i'eceived and the amoiinl cali be Ineasured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cominitting tlie charity to that expenditure, it is pi-obable tl)at a transfer of econoinic benetits will be reqliired in settleinent and the aniount of tlie obligation can be nieasured reliably. Expenditure is accounted tor on an aLCI'uals basis and has been classitied under headings that aggi'egate all cost relaled to the categFory. Where costs caiinot be directly atlribuled to parlicular headings they have been allocated to activities on a basis consistent witli the use of resources. TANGIBLE FIXED ASSETS Depreciation is pi'ovided at the following annlial rates in order to wi-ite otl" each assel over its estiiiiated useful life. Freehold property Fixtures and fittings IO% oncost IO% oncost No sum in respect of the original cost of the parish halls is included in the tinancial stateinents. The halls became the property of the charity in 1900 and no cost records are available. In the opinion of the ti-ustees, any such sum would be immaterial in the context of the overall tinances of the charity. This property constitutes a functional pennanenl endowinent. Additions to fixed assets, including nujor improvements lo ihe parish halls are capitalised at cost if they are £5,000 or more. Page 10 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTIING POLICIES - continued TAXATION The charity is exempt from tax on its cliaritable activities. FUND ACCOUNTING Unresti-icted tunds can b¢ used in accordance wilh the charitable objeciives at the discretion ot" the ti'ustees. Restricted fiinds can only be used foi. particular i'estricled purposes wiihin the objects ot" Ihe charity. Restriclions arise when specified by the doiior oi- when funds are raised for particular restricted pui'poses. Fiirthei. explanation of the nature and purpose ot. each t.uiid is incllided in the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS Tlie Lhaiity operates a defined contributioii peiision sclieine. Contributioiis payable to the charity's peiision sclieme are charged to ihe Stat¢ineiit of Financial Activities in Ilie pei'iod to which ihey i'elate. OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Letting of excess capacity of buildings 7,800 7,800 INVESTMENT INCOME 31.12.24 31.12.23 Bank interest 13,548 6,754 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trustees, remiineration or other benefits t"oi' tlie year elided 31 December 2024 nor for the year ended 31 December 2023. TRUSTEES, EXPENSES There were no trustees, expenses paid for tlie year ended 31 Deceinber 2024 nor for ilie year ended 31 December 2023. Pagell continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities Letting Income 276,428 276,428 Oilier ti'ading activities Investment income 7.800 6,754 7,800 6,754 Total 290.982 290.982 EXPENDITURE ON Charitable activities Cliaritable activilies 206,532 206,532 NET INCOME 84,450 84.450 RECONCILIATJON OF FUNDS Total tuiids brought torward 714,330 30,000 744.330 TOTAL FUNDS CARRIED FORWARD 798,780 30,000 828.780 INDEPENDENT EXAMINATION The cost of the independent examiiiation in the year was £l,I 00 (2023 £1.050). Page 12 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Fixlui'es and rittings Freehold propei'ly Totals COST Ai l January 2024 and 31 Deceinber 2024 458,368 5,947 464.315 DEPRECIATION Al l January 2024 Cliarge for year 289,966 45,837 2,974 1.487 292.940 47.324 At 31 Deceinber 2024 335,803 4.461 340,264 NET BOOK VALUE At 31 Deceinber 2024 122,565 1.486 124,051 At 31 Deceinber 2023 168,402 2,973 171.375 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors 13,764 11,540 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Ti-ic de ci'editors Taxation and social security Oilier creditoi's 1,289 14,890 14,143 1,788 14,879 16,485 30,322 33,152 Page 13 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS Net moveinent in funds At 31.12.24 At 1.1.24 Unrestricted funds Geiieral tund 798,780 84,477 883,257 Restricted funds Developinent Fund 30,000 30.000 TOTAL FUNDS 828,780 84,477 913,257 Net movement in t"unds, included in the above are as t"ollows: Incoining resources Resources expended Movenient in funds Unrestricted funds General t.und 300,814 (216,337) 84.477 TOTAL FUNDS 300,814 (216,337) 84.477 Comparatives for movement in funds Net movement iii fuiids At 31.12.23 At 1.1.23 Unrestricted funds General tund 714,330 84,450 798,780 Restricted funds Developiiient Fund 30,000 30,000 TOTAL FUINDS 744,330 84,450 828,780 Page 14 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS - continued Coinparative net moveinent in funds, included in the above are as follows: Incoining resoui-ces Resources expended Movement in funds Unrestricted funds General fund 290,982 (206,532) 84,450 TOTAL FUNDS 290,982 (206,532) 84,450 A current yeai 12 months and prior year 12 months combined position is as t"ollows: Net Inovement in funds At 31.12.24 At 1.1.23 Unrestrieted funds General tund 714,330 168,927 883.257 Restricted funds Devilopinent Fund 30,000 30.000 TOTAL FUNDS 744,330 168,927 913,257 A current year 12 inonths and prior year 12 monihs combined net moveinent in fuiids, included in the above are as t"ollows'. Incoining resources Resources expended Movenient in fiinds Unrestricted funds General tund 591,796 (422.869) 168,927 TOTAL FUNDS 591,796 (422,869) 168,927 Page 15 continued...
SAINT GABRIEL'S PARISH HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. RELATED PARTY DISCLOSURES Tlie Vicar and one other niember of the PCC are tivstees of Pimlico Musical Foundation {registeTed cliarity number 1163223). The charity pem]its the Foundation lo use office space in its premises free of charge biit the estimated value is not considered to be Su1¢}entlY mateE'ial to either chai-ity to require any adjuslmenl to ihe financial statements. Apait fi-oni tliis and tlie TeiinbLirsement ot. any expenditui-e incurred by tlie charity on behalt. of the Foundation tliere were i)0 transactions between the charities dui-ing the year (2023 iione). Page 16
SAINT GABRIEL'S PARISH HOUSE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Other trading activities Leltingy ot" e.xcess capacity of buildings 7,800 7,800 Investment income Bank interest 13,548 6,754 Charitable activities Letting ot i'ooinb 279,466 276,428 Total incoming resources 300,814 290,982 EXPENDITURE Charitable activities W<iges aiid Consultancy Pensioiis IIisLirance Liglil aiid heat Coiiwiiiinicalion costs Advci'lisiiig Geticr411 adniinistralion costs Maintenance Depreciation ot'tangible tixed assets 109,277 6,856 3,187 17,848 666 785 1,746 23,279 47,324 108,736 5,750 3.163 17,875 658 1,837 2.557 16,560 47,324 210,968 204,460 Support costs Management Sundries 43 91 Finance Bank charges 61 60 Governance costs Accountancy Carried torward 1,939 1,939 ,921 1,921 Tl)is page does not torin part of tlie statutory financial stateinents Page 17
SAINT GABRIEL'S PARISH HOUSE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Governance costs Bi'ought torward Professional and legal tees 1,939 3,326 1,921 5,265 1,921 Total i'e.sources expended 216,337 206,532 Net iiicome 84.477 84.450 This page does not forin part of tlie statutory financial statements Page 18