Financial Report 2024 (on 2023 Accounts)
An overview table showing our all our main bank accounts together is given below.
This is followed by summary figures for our Current Account and then for our Buildings Deposit Account. Main summary points in note form are then given at the end the tables of figures.
Main Summary Points
All Accounts As shown above in the “All Accounts” table, our total incomings of £121.3k are against an expenditure of £109.6k to show a balance of £11.7k. However, this ‘balance’ is still not a true picture of how we stand. We only really use the 'Current Account' and
'Buildings Deposit Account' for our usual 'everyday' expenditure. These are the two accounts that we really use each year as a measure our income and expenditure. These are the accounts that we 'live by' in our giving, income and expenditure. The other accounts have external funding sources and are totally restricted or designated. This year we had a £38,606.40 repayment from Barclays Bank into the Cobden Close Account from another account of ours that they made dormant, and closed down that account, without our permission! This took 18 months to claim back! As we originally had this amount, it isn’t shown as an income in the Cobden Close account for 2023.
Current Account Our balance for the year is £12.4k. This has been artificially boosted as we claimed some £8.4k gift aid back from previous years. We are also presently paying a lower figure for our Common Fund contribution than we should be.
Buildings Deposit Account The deficit in this account over the year is £7.3k which is primarily down to our expenditure on a Quantity Surveyor Building Costs Analysis and a Strategy Report done by our architect Alex Veal.
Thank you everybody for all you do to give generously to the work of God and
His kingdom. We are stewards of the resources God has given to us individually, and as a church. We need to continue to be generous as God’s anointed body. We need to increase our giving as we journey in faith towards fulfilling God's vision for us.
Please let me know if you need any further information relating to our accounts.
A BIG THANK YOU to Nikki Bell (Administrator), Ursulyn George (Treasurer) and to Jacky Wraight and George Hurd who help with our payments and/or our accounting.
Alan
| Charity Name St.John’s Church Hillingdon |
No (if any) 1128058 |
|---|---|
Receipts and payments accounts
For the period Period start date Period end date To from 01.01.2023 31.12.2023
Section A Receipts and payments
| A1 Receipts Unrestricted – Current Account 105,828 Restricted – Current Account Restricted – BuildingAccount Income 0 Restricted – Children Account Income 0 Restricted – Cobden Close Account 0 Restricted – Cash Plus Account 0 105,828 0 0 Sub total 0 Total receipts 105,828 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). |
to the nearest £ 0 1,858 328 2,501 10,054 778 15,519 0 0 0 15,519 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 105,828 1,858 328 2,501 10,054 778 121,347 0 0 0 121,347 |
Last year to the nearest £ |
|---|---|---|---|---|
| 0 | 105,828 | 100,896 | ||
| 1,858 | 0 | |||
| 0 | 328 | 4,915 | ||
| 0 | 2,501 | 2,501 | ||
| 0 | 10,054 | 8,860 | ||
| 0 | 778 | 0 | ||
| 0 | 121,347 | 117,172 | ||
| 0 | 0 | |||
| 0 | 0 | 0 | ||
| 0 | 0 | 0 | ||
| 15,519 | 0 | 121,347 | 117,172 |
| A3 Payments Unrestricted – Current Account Outgoing 94,415 Restricted – Current Account Outgoing Restricted – BuildingAccount Outgoing 0 Restricted – Children Account Outgoing 0 Restricted – Cobden Close Account Outgoing 0 Miscellaneous Outgoing 0 Sub total 94,415 0 0 Sub total 0 Total payments 94,415 Net of receipts/(payments) 11,413 A5 Transfers between funds 1,011 A6 Cash funds last year end 28,388 Cash funds this year end 40,812 A4 Asset and investment purchases, (see table) |
0 845 7,682 1,554 5,096 0 15,177 0 0 0 15,177 342 (1,011) 155,784 155,115 |
94,415 845 7,682 1,554 5,096 0 109,592 0 0 0 109,592 11,755 0 184,172 195,927 |
||
|---|---|---|---|---|
| 0 | 94,415 | 96,358 | ||
| 845 | 0 | |||
| 0 | 7,682 | 7,467 | ||
| 0 | 1,554 | 1,265 | ||
| 0 | 5,096 | 1,097 | ||
| 0 | 0 | 249 | ||
| 0 | 109,592 | 106,436 | ||
| 0 | 0 | 0 | ||
| 0 | 0 | 0 | ||
| 0 | 0 | 0 | ||
| 0 | 109,592 | 106,436 | ||
| 342 | 0 | 11,755 | 10,736 | |
| (1,011) | 0 | 0 | 0 | |
| 155,784 | 0 | 184,172 | 173,436 | |
| 155,115 | 0 | 195,927 | 184,172 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Current Account – General Fund Business Deposit Account Children’s Account Cobden Close Elevate Church Details 2 * CCLA accounts Cambridge & Counties Investment Details Property: 127 Cobden Close 21 St.David’s Close 155 Pield Heath Road Details Details Signature Epworth Cash Plus Fund – Investment Accounts Total cash funds (agree balances with receipts and payments account(s)) Investments: Epworth Investment Management – Designated fund |
to nearest £ Unrestricted funds |
to nearest £ Unrestricted funds |
|---|---|---|---|
| 40,812 40,812 |
|||
| 9,011 | |||
| 5,461 | |||
| 82,950 | |||
| 16,913 | |||
| 40,780 | |||
| 155,115 | |||
| Alan Bradford | |||
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ St.John’s Church Hillingdon members of On accounts for the year 31 December 2023 Charity no 1128058 ended (if any) Set out on page 1-2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2023.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 15 October 2024 Name: Chaweevan Williams FCCA Relevant professional Chartered Certified Accountants qualification(s) or body : Address: Verdant Accountants Limited 20-22 Wenlock Road, London N1 7GU