REGISTERED CIIARITI, h'Ui)IBEII: 1126227 REPORT OF TIIE TRUSTEES AND UNAUDII"ED FINANCIAI. STATEMF.NTS I.'OEI Tllb I'F.AR F.NDED 31 DECEhlBF.R 2024 OR TIIF. PAROCIIIAI.C'IIURCII COIINCII,OF SI. NICIIOI,AS IVII'II ST BARNABAS, KF.NII,IIIORTII ljemaril Rogers &, ('() llank. CJallLry' I ligli SlrL'el Kciiilii'orth W4lnl'lLkshire c'vx 11.Y
'I'IIE PAROCIIIAL CHURCII COUTriCJL OF ST NICIIOI.AS IVITH ST BARNABAS, KENII.IVORTH CONTEN'fs OF TIIE FINANCIAL STATbillENTS for (he YeRr Ended 31 December 2024 Pmge Reference Hnd Adniln151rHllve DelAIIs Ilei)ort of ihe Truslees Indepeiident F.xAmlner's Reiiorl Stfitemtnt of Flnfvnclil Aillvlll¢s IIAlfvnce Slitel Notes lo Ihe Tr InAnclAI SIAltnienl$ 7 10 17 Dclall¢(I StAleni¢nt of FlnwiiclAI Atili'liles 18 10 19
THE PAROCIIIAL CIIURCFI C.OUN'CII. OF ST NICIIOLAS IVITH ST BARNABAS, KENILWORTFI REFERF.NCE AND ADI¥IINISTRATIVE DF.TAILS for the YtAr Ended 31 Deeemb¢r2024 TRIISTEES Rev E14ale IncumlKnl (appointed 19.5.24) Rev R Moore Aswcigle Minisi¢r l) Mor8an Churchi4ardcn unlil 2025 T Wilkc$ C:hurchii'grdcn unlil 2024 (resl8ned 19.5,24) r I loli Churchi¥'8rd¢n 111ilil 2U25 (gppoinlcd19.5.24) M I.OVC8TOI'¢ PCC Seerelary'lDcanery Synod unlil 2026 M8'1' Milchcll l)caner)' S>'i)od Linlil 2026 Ms R Dalby PC.C lo 2025 Ms A l)arvill IIC.C. 10 2025 R lirahum PCC Treasurer Ms I l Maddi51)n l)(.'C lo 2023 Ms 11 Marshall l)CC (() 2025 Ms J Walnieslc), l)Cl: to 2025 Ms14 Aifgrd })(.'(: lo 2026 Ms l) I loldcr l?L(.' 10 2(J26 M Treivick PCC to 2026 (Depuly Ivgrdcn) Ms M lJnd¢r¥%'ood PLC.. lo 2026 (Si lJtsrnaba% Il¢pr¢5cnlalii'el Ms M Bull PCC lo 2027 lllppN)ii)Icil 19.5.241 Ms J C:lierry PCC lo 2027 lappoinlcd 19.5.241 N I,:Ilii)t PCC lo 2027 M I ILni%'i)(Trd l)CC lo 2027 ISI Ilurnabus EiLpr¢5enlalive) (Appointed 19.5.241 PIIIN'C.'IPAI. ADDRr.ss Porochlnl I lall 2111 ligh SlrLL'I Kcnilivorili Wuri%'iLksliire CV8 11,1. RF.GISTTr:RED CIIARITY NIINI ilb.R 1126227 INDF,PF.NDENT EXANIINER Ilcmard Ro8crs & Co ljunk Cjnllery I ligli Sircel Kcnilii'orili Varivi¢kshire CV8 11.Y ADIIISERS Cyifl Aid Officer Jane Kcniplon 91 Icri))ilogc Woy Kcnili%ui'il) C'V8 2L)111 reHsLirer Rus%ell (irah8n) 14 Pcors C'lose C.'V8 1 Ils Pa8e I
THE PAROCIIIAI. CIIURCII COUliCIL OF ST NICIIOI.AS WITII ST IJARNABAS, KENILW'ORTII R Tr:PORT OF Tllb TRUSI'EES ror Ihe Yt4r bnded 31 December 2024 Thc Iruslecs present Iheir rew)rt ivith Ihc linancial stalenienls of Ihe charity for Ihc >'car endcd 31 Dccember 2024. 1.hc Iruslees haN'L uduplL'd IhL provisions of Ac¢ounling and Reporting by Charilics.. Sialcmenl of Reioiiinieiided Practice applicablL lu charities preparing Iheir accoun15 in accordance ii'iih Ihc l inoiicial K¢porling Siandard Bpplicablc in lh¢ IIK gnd Republic of Ireland11."RS 102) leffcclii'¢ l January 2019), OIIJECTIVF.S AND ACTIVITIES Objeeilves and films The PC'C of,Si Nicl)olas 01)d %113arnahas lias Ihe rLSponsibilily uf co()[1)ng Ii'ithi lh¢ Icani viear ihc Ilev. I".i¥a I lalc in promnlin8, in th¢ ccclcsiaslical parish. Ihc ivhole mission of Ihe church, pastoral. Ci'an8clislic and ccumciii¢al. li has als() Tcspoll5ibilil)' f(Ir ihe LliurLh prciiiiscs 81 St Nicholas and Si13arnabas. Publ1¢ l)rnelli 'I'lic L hilril) friislecs hi¢ I'L cnmplicd iviih Ihc duly in scclion 4 of lh¢ Clillrily's Aci 2006 10 have duc rcyard kn ihc public bcnefil giiidance publishe(I by th¢ ¢horily eommlssion. ACIIIF.VF.NIENTS AND CIIURCII ATI'ENDAN(: I'hL'fL ilcrc 207 l>ari5hiiincrs on Ili¢ C'.hureh l-. leclordl Roll during 2024. '1-Iiis ccinipiirL% lo 223 iii 2023. Iii OLI()bLr 2024 Ilic ai'crage ii'cLkly ftllcndancc al %unda>' %cTh'i¢es 11&5 117 41diilis ond 8 cliililrcn. 'I'hi% niimber in¢riJscs considcrably al fLslivals and parlicularly al Cllrisliiias, I".aslL'r, RemLiiibriiiicc l)ay Ni)(l Mi)Ihcrin8 Siinda).. Rei'leii. of Ili¢ YeAI' .1 l)L fiill l)('I' Ill¢L15 noiv onLe pcr Inonih iviih Ihc cxccpiion of Januury. ond AugLisI. A Standin8 ¢niniiiillcL h&s been cslablishcd fjnd il iiicc15 ns required. I'lic ii'ardcns mccl ii'iih the vic&r once a monlh. FINANCIAI, RF.VIEII' InAnclRI i)oslllon I'lie o¢ciiunls fur 21124 shi)i¥' a suri)lus of £96,462 climinuliny a dLficil of E{83,049) Ihc prci'ious )'car. Ili?re8tricicd funds arL £251,256. Ineonie Is derli'eil fi'L)TII: C.l)ariliible gii'iiig inLluding 79 regulur Piirisliioncrs 81i'inB lolallin8 hpproximaiely £83.477 1)ori5h I lull hir¢, Si IJJrniibJ% I IouSL rc'nl and i?ITIL¥ rcnl in Ilic Iluri511 I lall £43.828 uncral and i%'ed(liiigs £11,7711 1105pilalil)' £3.149 F.xi)tn5es: 13uildin8 nioini¢noncL £17,779 Audio Visiial projecl £33,298 '.xpeiises lil conneclioii i%'iih Si lliirnabu8 I louse £1,782 ?Arisl) slillrL £70,(100, this i¥'ill risL4 1(1 £73,500 iii 2025 (£53.203 r¢niains ou15landinB fcir prior )'cMrsl Rtsen'ts pollcy li 18 IIIL. pnlic}' i)f IhL' [)('(' li) hold ii) 8incro1 r¢sCTh'LS Ihe eqiiii'?Iciil uf Six monih5 runiiing costs approNimot¢l)' £95,01)0 tn ¢ni'Lr Lnicrgcnc) silualinns IhJl niu). arise. li) adililioi) lo ihis Il)c })('{' ii'ill dLsigniilL' an aiiiiiiiiil lo buildi118 rcscri'cs lo i))cei fiilurL Cl)sls of niaii)loining i1iL anLi¢nl building. Ai ilie ciid uf 2024 IliL. bJlanLLs uf£251,250 iii gciieral rcscr%'e5 l?age 2
THE PAROCIIIAL CIIURCII COUNCII. OF ST iYICIIOI,AS IVITII ST BARNABAS, KENILIVORTII RkPORT OF TIIL TRUSTEES ror the YeAr Ended 31 December 2024 STRIICTIIRE, GOVERNANCE AND hlANAGEIIIENT Cov¢rnlng doeunienl 'I'he Ilaro¢hial C'hur¢h Council IPCC) is a ¢orporalL body establi5hcd by tiic Church of Lngldnd. As a charil)'> it is controlled b), ils goi'erning docuiiienl, i%'hicli is a dLcd fif Inisl, and eon51ilul¢s an unincorrK>raled charity. The goi'ernin8 (lo¢un)enl is coini)risL.d uf.. Tlic l)arochial C".hiirch Coiin¢ils (Poil'ers) MSUre 1956 (as omendedl and The Chvr¢h Rcprescnlalion Rules (conlaincd in 8chedulc 3 to the S>ntKlical Govcrnn)cnl Me&sure1969 as amended). Recrulljlienl Hnd Appolnlnienl of New Trustees 'l-lic iiiciliod of apixTrinlinenl uf I>LC nicnibei'% is s¢1 Oilt In ihe (:hurch R¢prcscnlAilon Rules. All church ollendees gr¢ encourg8cd lo reglslcr on Ilic l.'Iccloral Roll and lo sland for elcclion to Ihc KC.. OrEAnlsailonAI Siruelure l-l?c PC.'C. org811iscs ilsclf Ilirnugh IliL fulloi%ing i%'orking grvups 1i,1)i) niakc rLcoiiiii)endulions lo Ilic full couniil.. Sianding Comniillc¢, llosloral C'or¢ -1 caiii, l ¢0 c.hurch I'eam and Si Ilarnab85 C.()nin)illcc. I}110n$ arL n)11 de by the PC'C.. I xccpli0i)all)' ond Onl), i%,licn tillie 15 of iliL csscnc¢, Ihe Sianding C.'ortimillcc con b) slaiulL m4)K'e decisions bclii'¢en l)C('. n)eelings. 11 is our pruciile f()r I>CC'. lo ralify sucl) decisions 14,licn Ihc), iiic¢l. I'he PCC n)cels 10 limes o ycar and Ihc mjjurily ofnicn)bers ii'cre prcscnl 01 eacli iiicclin8. Ill8k Ilei,leiv I'IIL I'CC.. of Si Nlchola8 and Si. ljarnabas i¥'ill con51der the major risks IErf)th finoiicial Mnd oihenviscl Ihal could occur nd ilill idcnlif), c<)nlr(Ils Io Iiioiiagc Iliose risks. -1-l)L I>C'L' Ivill rcvieii. iisks aiid corr¢4ix)ndiiig COllir()l% rLgiilJil) Ilirou8hoiil Ilic year. Safeguftrding Is on Ilie agcnda 01 each lJ(.'C.' mcclin8. Indeptndcnt I xAnilners 'I'he I rcusurcr Ihftnk8 IILmpr(I IIo8Lf5 &, C.'o, ljank I"iollery' Kcnilii'ortli for their vllluablc ossi51once ii'iili Ihc accoun15. Approi'e(I b), order of ihL knnrd ofiruslces oil ......... , signed on ils bchaif by.. (Yv Ilage 3
INDkPENDLN'T EXANIINER'S REPORT TO THE I'RUSTEES OF 'I-IIE PAROCIIIAI. CIIURCII COUNCIL OF ST NIC'.IIOLAS IVITH ST BARNABAS, KENII.IVORTII Independent exAmlner's report to Ihf Irustees of The Parothlal Chureh Coun¢ll of Si Nl¢holAS wllh St BArn*bn5, Ken51ivorth I rcix)ri lo ihe charily lJvsl¢c5 on my examination of the a¢counls of Thc Pamchial ChuTch Council of St Nichola5 i%iih Si Darnabas, Keiiiliiorth (Ihe I rusl) for lh¢ year cndcd 311)cccmbcr 2024. Responslbllllles basls of rtporl As Ihe charil). IruslLLS of Ihc I'rusl you ore resw)nsible for ihe preparalion of Ihc accounts In accordance ii'iih Ihc requirements ofihc Charilics Acl 2011 ('Ihc Acl,). I rew)rt in resp¢¢I of m). Cxdiiiinalion of ilic 'l-rusl's 4ccuunls cprried out under Scclion 145 of the Acl and in conying oul my examinalion I have folloii'ed all applicablc L)ircclions givcn by Ihc Chgrity C:omn)i.ssion under Section 145(5llb) of the A¢1. Ind¢iiendenl exAmlntr'5 sl8leni¢nl %ii)LL' )'vur ¢l)aril) s gros5 in¢oi))c exceeded £2$0,000 }'our cxamincr musl bc o n)embcr of D lisled body, l Con confirni Ihal l an) qualificd lo undertokc Ihc cAoniino1ioii bccuu5¢ 1 on) A n)cmbcr of Ihc Inslilul¢ of C'lifjitcr¢d Accoiinlan15 in l..n8land and Walcs. i¥hicli 1$ on¢ of Ili¢ lisied bodies. I hftvc ¢oinpleled m), cxaniinoliDn. I confirm Iliul no mgl¢rio1 n)ollers hlli'¢ coine lo rny oll¢nlion in conneclion i¥'iih Ihc Cxgniinalion 8ii'in8 mc covse lo b¢llei'e Ihal in Any material rc5pccI: a¢¢ouniliiB records ii'erL not kLpl in r¢.3¢1 ufili¢'l'tusI RS rcqvircdby Sc¢lion 130 of thc Act; or Il)¢ accounls d() ncit gccord ii'iih Iho8c rccords. or Ilie uccoiinls d(} not coinply il'iih Ihc appliLable requircnicnls ¢on¢ernln8 th¢ f()rni and conlenl uf accounls sel out in the C.1)rI¢l¢s IAcci)unl% lind Ilcix)rtsl IILgiiluliTrns other ihan on), r¢qiiirLmcnl Ihai ihL 8CLouiils gii'L Iru¢ ond fair i'ieii. ii'hich is not a mgtler e()nsidcred as parl of gn Independcnl exgnilnalion. 11181'c i)() conccrns and119C Come gcros$ no other m8llcrs In conneclion ii'iih Ihe cxaminglion 10 iYI)ich &ll¢niion should bc drai4'n in Ihis ripDrl in order lo ¢noble a propcr und¢r51Bnding of Ihc accounts lo bc rcachtd. ljcmor(l Roger5 &. (11 IIAiik (iallery N8ni'icksliire C'.V8 1 l.Y l)al¢:
TIIE PAROCHIAL CHURCH COUNCIL Ob. ST NICHOLAS IVJTII ST BARNABAS, KENII.IVORTFI STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 31 December 2024 2024 Tnlal funLIs 2023 Ilnrcslricled fund Rcslricled runds F.ndo%i'ni¢nl fund fund5 Nol¢s INC.'O)IP. ANI) 'NI)OIVNIENI'8 bKOhl l)onalions 8nd Icgacics 218,740 218.740 124.136 ChArllAble Actlylllts (ic)S1)Ll i)I'(iur l.()rd JLSllS C'hrisl 16,720 16.720 ()Ihcr Irading aclivili¥'s Ini'cslniLnl in¢omL Otlicr inco1¢ 43.828 1,466 61 43,828 15,998 61 50,489 13,619 136 14,532 TolAI 280815 295 347 205 737 F.XPTr:N'DITIIRF. ON (-.hArltnble Rcilvltles (iospel ofour I,ord JLSUS Cl)risl 150 950 203 302 304461 Ncl galns cin invesiii)L'nls NTr.l- IN'CONI F.I{F.X PENDII'IIR Tr.> I'i'thnsfcrs ljelween fuiiils 129,865 (37,820) 4,417 96,462 {83,0491 Net n)oi'emenl In fun(Is 92,137 (92) 4.417 96.462 {83,0491 RECONCII.IATIOIl' OF UNDS l i)lul funds broughi fonlard 159,119 685,984 187,209 1,032,312 ,115,361 I-OTAI, FIINI).S CARlllb.D frORIVARD 251256 685 892 191626 1 128 774 1032312 'rhe nolcs forni parl ofihcse linancial slalcinenls Pugc 5
I'IIE PAROCHIAL CHURCH COUNCIL O ST NICHOLAS IVITH ST BARNABAS, KENILIVORTII BALANCE SHEET 31 December 2024 2024 I'olal funds 2023 Ilnreslrieted lund Rcslriclcd runds Endoiyment fund runds Notes FIXED ASSF.TS Tan8iblc a55els Ini'esimenls 2,648 685,892 688,540 191626 689,514 187209 12 191626 2,648 685,892 191,626 880,166 876,723 CUIIRLN'f ASSETS l)cbii)rs Cosli al bank 13 2,313 304 687 504 227 108 304 687 307,000 307,000 227,612 C.'Rb:Dll'ORS )'Lar 14 158,J921 {58,392) (72,0211 NF.T CIIRRF.N'T ASSF.TS 248 608 248 608 155 589 I'O'I'AI. ASSI:. I'S I,LSS CIIRRLh"r i,IAIIII,Il'lb.S 251,256 ()R5.892 l()1.626 1,128,774 .032,312 NF.I' ASSETS 251256 6¥5 111)2 191 ()26 1 128774 1032 312 FUNI)S lJnrcslriclcd funds RL'blriLILd fund% I'ndoi¥Mi¢nl funds 15 251,236 685,892 191626 159,119 685,984 187209 TOI'AI. fiiNDS 1128 774 032312 The flnanclal stsiements wero approi'ed by Ihc Boord of Truslttj authorls¢d for 15SU@ on und iierL' si8ncd on ils IK.l)aif bj: l) Mor8un- IVardL I loli - Ivordcn -l)c nolc5 luni) part of IhLse liiiaricial siiieii)enls
TIIE PAROCIIIAL CIIURCII COUNCIL OF
ST N'ICHOLAS IVITII ST BARNABAS, KENILIVORTFI
NOI'ES TO TFIE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024
ACCOUNTIN'C POLICIES
BMs13 of i)reparlng the Ilnancl81 slalenienls
The fii)aiiclal slalemLnls of Ilie charilyl ivhlch 15 9 public Ixnefii enlily undcr fRS 102, have bccn prcparcd in
accordanc¢ ii'iih Ihc charilics SORP (I.'IIS 102) 'Accounling and R¢porlin8 by Charilics.. Sialcnicnl of
KL'Liiiiim¢ndcd I'raeliLL applicublL to eharilies pr¢paring Iheir accounts in 8ccordancc iviih Ihc Financial
Rcpi)riing Slandard applicabl¢ in Ihc IJK and Repiiblic of Ireland (I.'RS 1112) Icffcclivc l January 2019),,
rin(qncial Reporling sland1£ rd 102 '1'h¢ l.inancinl Il¢portin8 Slandard upplicablc in the UK and Republic or
Irclond, aiid C'harities Acl 20-11. 'I'hc finuncial slulciiienls arc prepared iindcr Ihc hisloriial cost coni'cnlion,
modificd lo includc inN'esli))enls at fair valu¢.
Tlic financial s1glcni¢nls Iiavc becn prepared Io 8ivc 8 'lru¢ and fail vi¢ii' and hal'e dcparted from lh¢ Charilies
(Accc)unis and Reports) Rcgulalions 2008 only 10 the cxicnl rLquircd lo i)rovidc D 'lrvc and fair i'ieii
dLpii¥lurL has iniJ[)Ii'Ld fi)Ilibii'in8 Ihc Accounlin8 and Reporling by Chnrili¢'s.' Slalemcnl of IleLomin¢nded
1>1'8clicc apiilicahlc (() cliarilics prL'parin8 Ihcir accoun18 In occordancc ii'iih ihL financial Rci)ortin8 SianddTd
gppliclllile in Ilic IIK and Ilepublic of Irelaiid i55ued in ()clobeT 1019 I'niher Ihon Ihc Acwunling aiid IletxTrrlin8
by C:hariiies'. Siaienieni of Ileconiniended l)raclice effccli%'c froni l April 2005 1%,hi¢h has siiice been i%iihdraii'n,
I'lic charil>' l)us upplicd Update lJullLtln l os published on 2 I'.cbary 2016 and docs nol in¢lud¢ a c8sh lloiv
Slalemcnl on Ili¢ grounds thai il is hpplyin8 1,'IIS 102 Scclion IA.
Income
(.'ollcLli()n5 ond uilil'r c95uuI 8ivlng are reeognlsed i%'licn rcccivcd by or on behalf of ihc l)C.'C, l>lJnncd 811'ln8
15 fL'L(IbTrnisL'¢J i%hLn rL¢CilCd.
Tox rccoi'¢ruhlc c7n gifi ald is recogniscd i%,hcn Il)c plniin¢d giving of IliL gift is r¢c¢lved. An), siich incunie
incliided bill Iiol recL'ii'Ld al Ilie )'eor ciiil is slinil'ii as o debtor in ihL. baliiiiic sli¢('l.
Ciranls, Ic8acies and d(Inalions arL rcco8niS i%,kL'li IhL I)C.L Is nolified of Ils cnlill¢mcnl lo r¢cdve Ih¢m, Ihc
iiiounl 15 fLliabl>' nica%urablc and receipl IS probal?le.
Incomc friiiii Wcddiwbgs and fuiiLiols gcwunlL'
I-IIF. VAROCIIIAI. CIIIIRCII COUNCIL OF ST NICHOLAS IVITH ST BARNABAS, KENILIVORTII NOTES TO TIIE FINANCIAL STATEhlENTS- ronilnued ror fhe Year Ended JI Dttember2024 ACCOUNTING POLICIES- ¢onilnued Tr:xpend51ure I,iabililiLS ore reci)gnised as ¢xpendiluTC as 500n a5 Ihcre is a le8al or ¢01151ruelivc obli881ion coniiiiilting Ihe Church lo Ihol expcndilure. il is prob&blc Ihgt o Iron5fcr of economic bcnefils ivill bc r¢qulred In seiilemeni ond Ihe gmounl of the obligalion can be measurc religbly. Cjronls and d()nalions are reco8niscd i&li¢n paid out, or ivhcr¢ the ( h05 gii'en a bindin8 undcrtaklng 10 pny, ir earlier, l)JTisli Share15 fjccounled for Ihc )'eDr for i%'hich il is du¢. An), unpaid 5hJr¢ ai Ihe year cnd is acwunlcd for as a creditor al Ihe year end and includcd in the balanc¢ 5heel. '.xpeiidilurc Is acc04111Icd for oil wi accruals basis and lias b¢en classified under headings Iho1888rc8al¢ 911 wsl rL.laled lo Ilie category, WIILre cosls c8ni)ol be dirccily allTibulcd lo particular h¢adin8s, Ih¢)' hai'e been ellocaled lo aclivilies on a basis consislenl i¥'iih ihc usc ol-rcsourc¢% Ixed Assels THnKlbl¢ flxed #s$el$ .1 un8iblL I'ixcd u5scls are sloled ol a valualion railicr than hislori¢ cost, i%h¢re Ihere is no rcliublc rccord of Ilie hlslorle c()s1 of95Wt.s acqulred possibly Inun), >'¢4rs ayo. 'l-h¢ PC.'(.' docs nol al presenl inl¢nd lo incur Ihe ¢xp¢nsL of4uinqucnnial vAlualion of assels acquircd onl), for Il)L puri)(ISL5 of disLIosufL in IIIL finuncial slttlLm¢iils. I'IIL valualions 5hoivn arL solel), Ilie Purr5.8 or priix), r()r hislijrii c()%ls. Nn dcprL¢ialioii Lliar8c madc in rcspc¢l of Ilic frLLhold bLiiI(lin8b on Ihc Brovnds Ihal Il)¢ l)Ll.' hu5 8 poli¢}, ond pra¢li¢e of regular n)Ainicnwi¢¢ ii'iih such tt55115 huviiig a v¢'ry IL)IIB fL'iiiaining U5Lful ec()noniic lile. Consecrnl¢d and b¢nefi¢ed prop¢rty of any klnd Is excluded from lh¢ fin4ii¢lul s1olL'mL'nls by i'irtue of seLlion 9(){2Xo) ('horilic.s Acl 1993. %1 Nichi?lus C'hiircli is held b}, Ihc Vicar in trvsl. Ihc chvrch is H consccraled buildin8, and a foculiy is rcquirL lo cffc¢l an), iiDrk on il. In gccordancc ivlih accounling regulalions for churclics, Ihc c05l uf an), iiY)rk is i%ri1leii nfl. in the ycur il OLcuf8. Thc c()nlcnls of Ilic ¢on5¢cralc¢J building arL' hcld in Irusl b>. Ihe C'liurchii'ardcns and a faciiliy is regulred lo purclijse or sell such ass¢ls. An), sulli pur¢husc5 or sal¢s in ccordance iiiili gLLoiinling regululions of churclies pass IIiToiigh thc cliur¢h aecounls in the j'ear Ihe>' occur. 'lie.%L assc15 aTC listed in Ihc Tcrricr i%,liicli ¢8n be ins1)ccted ol any rea5(Inubli' lin)c by pri(br aprK)inlm¢nl ii'iih Ili¢ Churcl)II'ordci)s. l..xeepi tss discloscd in Ihc finanLi&I slulci)Icnls, Ih¢y orc noi oil)cni'i5c rcwrlcd bccousc Ihcre Is no rellable Snfomiailon alK)ul hlsloric eosl. I'lie Pllrochial Illlll rcslorailon eo818 hfjiL hecn capilaliscd on the basis thai Ihc eipendiiurc proi'ides an eiiliiin¢eiiiL'n( of ilic economic valuc of Iliis 85sel. (Iihcr fixliirc5, fittings, furniliire. cqiiipmeni and softiiurc llrc Jccounlcd r(IT ill eosl less dipreclalion os 25% on re(SiiciiiB biildncc basi5. N4in()r ilcn)s cosliii8 le85 then £500 arL iirillen ii(r in Il)e J'ear of acquisilion. RtnlAI i?roptrly Inc(IiM¢' is d¢ri%rid fr(In) Illc reiiial i)r si ljariiabas housc. hoii'cver Ihis &%%¢i has hcen included ii'iihin tanBihlc Iixld o55cls as Ilic Iru.slccs consider Ihul Io c51Ablish 8 foiT I'alue of Ili¢ Si llama15 hous¢ 85 yn Ini'cslinciil properly coinFY)Iieiil i%'iiliin thc ori8inAI churcli prop¢rl)' ii'ould bL IOD co811y. Ixed A5sel Ini'eslmen¢s 'ixcd ossei iiii'estmei)Is arL I'glii¢d hl Inarkcl i'8liie &5 al Ihc balaiicc shl'cl dalc. Ilagc 8 coniinued.
THk PAROCIIIAL CHURCH COUNCIL OF SI. NICFIOLAS IYITII ST BARNABAS, KENILIVORTII NOTES TO THE FINANCIAL STATEMENTS- conllnued for Ihe YeRr Ended 31 D¢cember2024 ACCOUNTING POLICIES- eonllnued Taxrsllon Th¢ charity is cxcnipl from on ils charitable aclii'ilics. Fund 4¢countlng Gei)cral or dcsignalLd fuiids rcprescni Ili¢ fui)ds ofihL I)CC hLld on 8cneial trusls for Ilic purp05L's ofihL' ChurLII of i.'118laiid ii) Ilic l)arisl) or n)IirL i%'idcl)' fur IhL ¥LneTuI Lhdrithble pury)os¢s uf IliL PC.'C un bchaif of the toii'nspcoplc ofKLnilii'ortli. 'fh¢sc fund.% ma), incliide (unds desi8nalcd (Dr a particular purtKJSC by the PC'C. Rcslriclcd funds arc tl)o.%c fiinds ivhich n)11st bc used or exnded only for Ihe purtx>scs for i%hi¢li the lund5 11'Lre gii'Lli ur raised, 'fhc nol¢% l() IhL IiLCI)unls di%el()8e Ihe niovciiieiils on restricled fiinds. iidoii'nienl funds are those fund5 1%,licr¥ th¢ PCC.. Is noi free lo erod¢ Ihe capiial of Ihc cndoiirncni, bui nlusl rclain il aiid api)ly aii>' IllLOI)ie only for il)L' piirtx)ses of the t'ndoii'nienl. 1.hc l)C('. docs hai'c any expcndc1ble ciido¥vnicnls. The l)(:(: 1)88 sought picliniinury Ic8al advice alx)ul Ilie Icnms of Iwsl on ii'liicl) il adininislcrs rval pruperly. Pcndin8 Ihal Adi'i¢¢, such i)ropcrl)' has bccn Irculcd for lh¢ purpo5 or rin&iiciDI rcN)rting 05 shoi%'n in Ihc nolcs Ii) Ilic fiiihncinl staleii)cnls. 'I'his is lo slinii, for reIlli1g piirrrf)ses H Irv¢, fair gnd pnidciil i'ie%Y of IhL 8ssc.lg al thc. dis51 c)f il)L' l>('.(.' Ii) diL event (Ifnny actual pmp(isiil lo di$.e ol. siich pri)PLri>'. tlic SsIbl111}, of Ihgl and the usc ofony proclcds ii'ould nccd considcrcd Jdvlc¢. CAsh And bfink Sl)i)rl tL'rn) dii)Ih%ils inLliidc'd cush held al dci)05it eiihcr ii'iih the C'.BF C.'hurch ol I'.nglnnd I'und5, or 81 Ihe bthnk. DONAI'IONS A TriD I.Tr.GACIES 2024 2023 Cominillcd Bivln8 (.'B%h giving Clift Aid (iran15. bL'qu¢s15. doiialions, Ic8acics ai)d appcals 8suuI 8iving Wull sarc 83,477 5.101 15,847 109,2n4 2,889 79,839 3,944 13,944 21,800 2,849 218740 124,1.16 lirants rcceii'ed, iiicliid¢d in Ilic alx?i'c. Jrc as folloii's: 2024 2023 .isl¢d lllaces lif Illorslilp 294 294 Po8¢ 9 conlinu¢ii..
TIIE PAROCHIAI. CIIURCH COUNCIL O ST NICIIOLAS IVITII ST BARNABAS, KENILIVORTH NOTES TO TIIE FINANCIALSTATENIENTS- ¢ontlnued for the YeAr Ended 31 December 2024 OI'IIER I'RADING ACTIVITlb.S 2024 2023 l)urochio11 ltsll income S( Elamabas I louse iiiconie 33,687 38,489 INIIESI'hlLh'l' IN'COIllTr. 2024 2023 Ini'eslmcnl rclurns ond inlcresl INCONITr. I,"IIUNI C I IAIII'I'ALILL AC."I'IVII'IES 2J24 2n23 Aclii'liy (ii)spcI of our l.ord Jcslis Chrisl Rcccipls froni parlsli ci'en15 Mllg&7.iiie and book'slall rcc¢ipls VLd(ling and funcrul feL'% %1 Nichi)las lodic5 groui) 87 IV6 tiospcl of oiir l.ord Jcsus C.hrisl (iospcl of our l.ord Jesiis ('hrisl (ii)spLI i)f ()ur I,vrd J¥su5 C'lirisl (i()SPLI ()f our l.ord Jesus L'hrisi (iospel of our I,or(i Jcsvs C'lirisl 78 11.778 613 3,149 28 12,569 342 1,735 ('liildreiis' ii'ork CIIARI'I-A iILTr: AI."I'IIII'I'ITr.S C'.OSi-S SUprI costs IsL'e Iiolc 7) Cv51s I'olals (iiispcl of oiir I,ord JL'sii% C'hrist 111 547 203 302 SIIPPORT COSTS Nlonagcnienl nilier costs (ii)SPL'I (If our l.ord Jesus C'liri51 974 Pa¥L. 10 nlinued...
I'IIE PAROCIIIAL CIIURCII COUNCIL OF ST h'lCIIOI.AS IVITH ST BARNABAS, KENILIVORTII NOTES TO TIIF. FINANCIAL STATEhlENTS- conilnued for the Year F.ndcd 31 December 2024 TRUSTEES, REluNERATIoN AND BENEFITS Thcrc i%.erL' no iruslcLS' rLmuneralion or oiher beiiefils for ihe )'ear ended 311)cc¢mber 2Q24 nar for Ihc year eiidcd 311)eLeniber 2023. Soii)e of Ilic ordaincd clerg), arc reniiincraled b), tlic l)iacc5c nf Coi'cnlr), oiid iheir cniolumcnls and &ssocial¢d pciisioii coiilribulioiis urc. indirccil>'. mcl by il)e parish sliarc ii'l)iLh thc l?LC pa>'s lo Ili¢ Dioccsc. Trusle¢s' exi)ense¥ ThcT¢ Ii'ere no Iruslees, e.XPLnscs paid for the ycar endcd 311)ecember2024 nor for thc ycor endcd 311)Lccmbcr 2023, I'he l)LC docs p(iy lo Ihe cler8)' Iravelling cxpcn5LS al I IMRC.. approwcd roles ond oihcr reasonable i'oiichcd LXPLllses ofil)cir iii)ialioii. STAFF COSTS 2024 2023 W98cs and solaric5 'I'lic ai'eragc Inonilily Iiumber of cniplo}'¢e5 during lh¢ year il'as gs folloii's.. 2024 2023 l.uiiiil)' l Yi)Iiih ii'orkcr Adi)iinislralive No clp10YeeS rL'ceivL.d enii?lun)enls in cxcc55 of £60,0(M). CONIPARATIVES FOR TIIF. STATENIENT OTr. Tr"INANCIAI.ACYIVITIES I Inrfslricled ItLslricl¢d rund funds io. niYoi¥'mcnl rund funds INC..OlF. AND I.:N1)OIV1:NTs ItRO,11 l)iinaiinns llnd Ic8a¢ies 124.136 124,136 C.'hArllAble af Ilvlllc5 (i08pcI of our l.ord Jes415 ('liri5t 17,337 17,357 ()IhLr trudin8 gclii'iiies 30,489 1.522 136 30,489 11,619 136 12,097 ()Ilicr in¢on)e I'olhl 205 737 Tr:.IPF.NDI'I'UR Tr. ON Pagc 11 conlinu¢d.
I'llk PAROCIIIAL CIIURCII COUliCIL OF ST. NICIIOLAS WITII ST BARNABAS, KENILWORTII NO'I'LS'I'O I'IIL blNANCIAL STATEhlENI'S- ¢Dnllnued for Ihe Year Ended 31 Deeember2024 IIJ. Lof+lPARATIVES I,"OR I'IIL sTATE]EN7' OTr FINANCIALACI'IVITIES. conilnued Unrc51ricled IleslriclLd I,.ndoiiThcnl fund funds fund funds ChArliAblc acllviiltS (iospel ofour l.ord Jcsus ChTisI 235311 304 461 Nct gains on Inve51nicnls NET IN'COIIIEI{EXPENDITURL) I'rAnsf¢rs b¢lM'¢f n funds (41,671) 56931) {57,0531 15,675 {8.1,Q491 Nel movenienl In lunds {98,602) {1221 15,675 {83.0491 Rb.C.ONCII.IATION OF FIINDS .1 olthl fui)ds br(iuglii fi)rii'nrd 257.721 686,106 171,534 1,115,361 '1'0I'AL FUNDS C'AIIRI b'l) I,'OIIIVARI) 159 111) 685984 187 209 10.12 312 TAN'GIIILE FIXED ASSF.I'S 'ixlurc and fillings rreehold .1 ola15 Al l Janiiury, 2U24 and 311)cLen)bcr 2U24 6%5 618 747 603 I)Tr.VR Tr.C.'IAI'IONI' Ai l J£1nii4ry' 2024 C"harge for )'ear 58,089 974 58,089 974 Al 311)cccmbcr 2024 NE"I' IIOOK IIALUE. .. Ai 311)L'CClI)bcr 2024 685618 688 540 AI 311)CCLnibcr 2023 685618 689514 Pab)¢ 12 cunlinuid...
TIIL PAROCIIIAL CIIURCH COUh'CIL O SI. NICIIOLAS IYITII ST BARNABAS, KENILIVORTII NOTES TO THE FINANCIAL sTATElE11TS- conllnued for Ilie Year Ended 31 December 2024 TANC.IIJI,E fixF.D ASSF.TS- tontlnued Insurgnce YaluRilon Land And bulldlngs 1998 vAluAtlon Note5 Lxcludcd from aLciiunls by i'irtuc 01. 89CTr12)(al ('harilie5 Acl 1993 %1 Nicholas C.'hur¢h 51 Ilarnabas ChiiT¢h St 11grnabas110115c, liiils and ulli)Im¢nls 1)41rocl)ial I lall lincliidin8 201011 16,810,000 2,900,00() 20.000 I l U,550 420,000 555,068 2,900,000 I'he luiid Aiid biiildinN, cxcliiding Lonsccrolcd and bcncficcd pitirty. ii'crc i'aliicd by the l>('C in 199812001 r(Ir %¢ 13uriillb*l% I Inii%i). IIL51riLlii i ciTrkcnaiils iiii81)l exist nffLLling Ihe di5wsoI ofiliLS¢ pri)p¢i1ies. 12. TrIXED ASSb.T INIYF.SThlF.NTS l.isled in%'L'slll)cnls IARKTr.I'VAI,111,: Al l Jai)uary' 2024 IILvalualion8 187,209 At 311)cLc'nibcr 2024 191626 'Tr.T 11(IQK VAI,IIfr. Al 11 l)Lccnibcr 2n24 191626 Ai 311)Ixcmber 2023 187209 I'licrc i%'crc no Inveslincni asscls 041lslde IhL' UK, C.051 or valuallon al 31 December 2024 Is r¢prescnlcd by: l.islcd inl'eslinenls Inluiilj{)n 1112021 Vulualion in 2022 VAliialion iii 2023 ValiialiiTrn in 2024 20,J91 {23,178) 15,675 4,417 174 121 191626 .i)iig-li'nii in¥'cslniLn15 ar¢. incliided Jl iiioi'kel I'uliie al 31 st l)eccrnhcr 2024. '1'hc SOI.-A incliides IhL ncl gains anil Ii)ss¢s Hrising ()n r¢ipaluutions diiring the )'car. Page 13 conliniied.
I'IIL PAROCIIIAL CHURCH COUNCII. OF SI, NICHOLAS II'ITH ST BARNABAS. KENILIVORTII NOTES TO TIIE FINANCIAL STATEMENTS- ¢onilnu¢d ror the Yefir Ended 31 Deetmbtr 2024 12. rixED ASSET INVESThlENTS- conilnued I'hc cnd(Iii'menl fiiiid m&}, onl). be used for niainl8inin8 Ihc fobric of Si Nichola8 C hurcli. I"hc ¢ndoii'jCrt1 is inl'cslcd in 'l'hc Clll.- C'hurch of l.'ngland Ini'¢slmcnl fund (noiv eall¢d CC.I.Al Accumulation Shares and Ihc '#luc al 311)eccnibcr 2024 is £191.626 (2023.. £187,209). IJ. DEBTORS: AMOUNTS Tr AI.I.ING DUE IVITIIIN ONE I'EAR 2024 2023 1'rudL dlblurs ()Ilicr (Icbiors I,lJ2 504 304 14. C.'REI)I'I'ORS: AlO[l'Ts FAI.I.INC I)II*, IVITIIIN ONTr. I'F.AR 2024 2023 I'rade crcdilors .1 oxolion and socigl se¢iiTiI)' )ori%li s1)arc duc li) l)i()cc8e of C'.oi'cnlr)' ()Ihcr crcdilors 2,335 334 33,203 309 763 65.926 IOVF.Nlb.Nl' IN FUNDS Ncl mTr¥ciiicnl In fund.s 'rrllnsfLrs bcli4.ccn runds Al 31.12.24 Al 1.1.24 Iliir¢slrleled funds tienL'ral fund 159,119 129,865 (37,7281 251,256 Reslrlcle(I fun(Is RL%lriilcd fuiids land and buildiiigs 'iiruiliiul I lull lii¢yJ gssel donJlion luiiij SL Ni¢liu111s nitsiiilcnw)ce Sl Il#rnubas mJinl¢nuncc 685,618 366 685,618 274 921 (37.728) 37.728 685,984 137,8201 37,728 685,892 187,209 4,417 191,626 'I'U'I'AI. TrUNDS 1032312 128774 l>¥gc 14 conliiiucd...
THE PAROCIIIAL CHURCII COUh'CIL OF ST NICHOI.AS WITH ST BARNABAS, KENILIVORTII NOTES TO J'HF. FINANCIALSTATEhlENTS- conilnu¢d for Ihe Year Ended 31 Dteember 2024 IOVF.IIITr.NT IN FUNDS- ¢ontlnued Nel movcmenl in fuiids. ineludL.d in Ihe al)ove are as folloivs: Ineomlng r¢sour¢cs Resoiiw¢s ¢xpcndcd Gains and losses Moi'cnicnl in lunds Unreslrleled funds CiLI)cral fiind 280,815 {150.930) 129,865 Rcslrlrltd fuiids )41ro¢hio1 I lall fixed nssei doi)alion fui)d St Nicl)olas niainlLnance Si ornn&S mllinlcnan¢c 192) (52,260) {921 {37,7281 14,532 14,532 132,352) 137,8201 Endom'nieiil fuiiils Endoi%iiicnl fund 4,417 4,417 TOI'AI. TrUNDS 295 347 203 302) ConipA Yallv¢s for moi'enient In fun(Is Ncl Truii.%fcrs b¢li¥eLn riinds Al 31.12.23 Ai 1.1.2.1 in fiinds Unreslrlcled funds Cicncral fuiid 257,721 141,671) (56,931 } 139,119 Re8lrlcled funils RL'51riclLd liii)ds laiid and biiildii)Bs Parc)chial I lall fixi(l assel d()nolion funcl Si Nicliolas n)ainlcnancc Si Ilamubas mainlcnon¢e 685,618 488 685,61 X 366 (122) 136.931) 56,9.31 6116.106 157,0531 56,931 685,984 Endoi¥'n)enl fund5 'ndoii'mciil fund 171.534 15,675 187,2U9 TOI'AI, P IIN I)S 1 115 361 83 049) I n32312 l?Agc I S conlinued...
THE PAROCIIIAL CIIUKCH COUNCIL 014 SI. NICIIOLAS IVITII ST BARNABAS, KENILIVORTH NO'fES I'O I'EIL blNANCIAL STATEMENTS- tonllnued for the Year Ended 31 Deeembtr 2024 15. qOVF.IIIENT JN FUNDS- ¢ontlnued C'ompaTiilii'c nci n)ovL'incnl in funds. included in Ihe above are as follow5: Incomlng resources Re50uwe5 cxpcnd¢d Gains and losses Moi'emcnl in funds Uiireslrleled funds (il'ncral fiind 193,640 1235.311) (41.6711 R¢slrlcled funils Paruchial Iloll filed assel di)nalion fuiid Si Nilholas n)ainlcn¢liice Si lJon?gbas n)ainlcnaiice (122) (69.028) {1221 {56,9311 12,097 12,097 169.1501 {57,0531 F.ndoii'nienl fuiids '.ndoiiii)Lnl fui)d 15,675 15,675 I'OI'AI. FUNDS 205 737 304 4011 83 0491 A currcnl )'car 12 months and prior )'car 12 monihs combiniyl PL)siliiin is as fulloi¥'s'. Nel I'rllnsfcr% .(Il'L'en funds Al 31.12.24 At 1.1.23 Ilmreslrlcled funds (iencrsll fund 2J7,721 88,194 (94,659) 251,256 Reslrlcled funds Rislriilixl fuiids lurid thnd buildinBS 685,618 488 685,618 274 {214) (94,659) %1 NicliDlas n)aiiilenaiice SI IINmaMis iiininllnancc 94,639 686,106 194,873) 685,892 dowmenl fuiii15 171,534 20.(W2 191,626 TOTAI. I,'[INDS 115 361 13,413 112¥ 774 l)age 16 cuniinued...
TIIE PAROCIIIAL CIIURCH COUNCIL OF ST NICIIOLAS WITH ST BARNABAS, KENILIVORTII NOTF.S TO TIIE FINANCIAL STATF.NIENTS- eonilnued for Ihe Year Ended 31 December 2024 i110vTr.IENT IN FUNDS - ¢onllnued A currenl year 12 moiiihs and prior year 12 monihs combined ncl movcrncnl in funds. included in Ihc above are a5 folloii's,, Jn¢ominB rcsourc¢5 Resources xpcnd¢d Golns and losses Moi'emcDI in funds Unrf5trl¢ted funds Cycnciol fund 474,455 (386,261) 88,194 Reslrleltd funds Iri)cliial I lall fixed a%8el dnnalion fund %1 Nielinlos niainlciioiice 51 Ilomnbas Iiillii)ILiiaiicc (214) (121,288) (214) (94,6591 26,629 26,629 1121.302) {94,873) En(loivnienl fun(Is 20,092 20,01)2 I'OTAL FUNDS 501084 507 763) St Nl¢holws NqRlnl¢nAn¢e 'l-h¢ nolure lif iliL fLlI)(l is In liiiiinluiii ond iiisurL. SI NILholas (.'hurch, Ilhich is on anclenl and i'oluable asscl for IhL Loinmiinil) of Kc'iiili%-i)rih nn(l i11i)8c ii.h() visit th¢ toivn. .1 11¢ LhiirLli Is, .) fur as p()4sihlL., k¢pi opcn ts) on)'one iiho ii'i8hes lo visil. The gordcns around ilie churlh arc n)dinlaiiicd by i'oliinlcers al no cosl. 'I'lIL ¢Us1 of n)ainluiniiJg illi fabric c)r Si NicliolJ4, including iii%uruiiLL, ¢(iuld not bc i)iel aloiiL' fTum IhL fabric iiioiiilcnHnLL fiii)d ni)d Iliercfi)Te an>, deficil or riinds 15 IroiisfL'rred froni Ili¢ gentral fund. 16. Rl,:I.A'I'F.I) PARTY I)ISC:I.OSURES I"here iiere no related party Ironsaclions for Ihe year endd 31 De¢¢mber 2024. )a8c 17
I'Hk PAROCIIIAL CIIURCH COUliCIL 01," SI. NICIIOLAS IVITH ST BARNABAS, KENILII'ORTH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for Ihe Year Ended 31 December 2024 2024 2023 INC.OMF. AN'D I.:NDOIIIiIIF.NTS DonHllon5 pnd Itgacles Con)milted giving Cash giving (iift aid tiron15. bcquests. donali()ns, Icgacies and appcals Casual &Jiving Ivall stsfc 83,477 5,101 15,847 109.204 2,889 2,222 79,839 3,944 13,944 21,800 2.849 218,740 124,136 Other trAdlng Rellylllcs 1)8rochial I lall iiicoine Si ljamabas I loiisc incomc 33,687 38,489 43,828 50,481) Ini'¢slniei)I Inconie Ini'csln)cnl rclurns piid iiilere.sl 15,998 13,619 CliwrliAble aciS1'lilf s Reeeipls friini pJri51) ¢i'ciils Mogai.illL Ull(I IK)iik%lull rLLLlI)Is V¢ddi1i8 aiid fun¢rsil f¢c's %1 NiLliula% IddiL's gr()up 87 78 11,778 613 3,149 1.015 100 28 12,569 342 1,735 C'hildrLn5' I%'ork l(J,720 17,357 i)Ilier Ineome Misccllancoiis inconic 61 136 I'olfil IncoiiilnR resourtts 295,347 2U5,737 Tr.X PEN DITIIIIF. C.'hirllpble 4¢111'111¢5 Vu8L'% 44,454 70,000 112.7231 759 6,886 53,630 130,370 Aliar.SCTI,IcL' CU515 IusiL, l)f8cln, nr8llnist arid cht)ir IIL.11 ringing ('arriLd foTlI'urd 2,083 9,54() 379 196,11011 l U9,376 'I'his pggc dols n()1 furn) part of ilie sialulory, firianciol slalcincnls l)aBL 18
'I'IIF. PAROCIIIALCIIUHLII COUh'C.'II, OF ST NICIIOLAS IVITII ST BARNABAS, KENILIVORT14 DETAILED STATEh1f.NT OTr FINANCIALACTIVITIES ror the Y¢wr Ended 31 D¢cember 2024 2024 2023 Charliable aeilvl¢le5 Ilroughi forii'ard Clcrg}' cNp¢n5e5 Si Nicliol05 Ipdics group c051s 110spilalil>' cosls C.Iiildrens' Il'ork 109,376 1,843 253 354 196.008 245 571 581 770 113,547 198,175 Support ¢osts laiiagemenl Si Ni¢hola5 Church ruiiiiiiig cxpcnsos IiiainlL'nanLL' and rc'1& (inLI Mii¢Ji() visiial) Si 1SurnabdS Churcli runnin&) expcnsLS iliainlLnuncL and r¢irS 1)orocI)iul 11911 rui)iiiiig ckp¢nscs mainlcnancc nd Tcpiiirs Phones, olllce equipnicnl and consunlobles Insvranlc Si Ilarnabu5 Ilous¢ cosis 58,957 78,747 2,149 3,472 12.755 1.792 8,645 10,505 7,54n 970 86.081 102,35U Oiher l)ci7reLialioii of lan8iblc fixcd osscls 974 1,296 Goi'eriiAIICe C0515 AcLounlancy and IL'8al fccs l olal r¢'sourccs cxp¢nded 203 302 304 461 Nel Inroniel{expcndllur¢) b¢fort gAlns And 1055e5 92,045 198,7241 Reallseil refognlsed gfilns And losse5 RLali51d gaiiisllliissisl on fixed a5sel ini'cslnicnls Nel IntomeKe%pendllurc) 83 049) li15 pagc doc5 not forn) porl of Ilic 51olulor)' finanLitsI slthtciMenl8 PJ8c 19