All Hallows Berl<yngechirche by the Tower with St Dunstan-in-the-East Annual Report and Financial Statements of the Parochial Church Council For the year ended 31 December 2024 Charity Commission Registration Number l 129137
Annual Report and Financial Statements of the Parochial Church Council For the year ended 31 December 2024 Index .Details of Church, Parish Office and Professional Advisors Page 3-4...................................................................... Page 5-7......................................................................... . .. Page 8-9................. . The Parochial Church Council . Parish Annual Report: Review of Progress and Achievements . Review of Financial Activities . Independent Examiner's Report .Statement of Financial Activities Page I I Page 12............................................................................. Page 13-24......................................................................... .. Balance Sheet .Notes to Financial Statements
All Hallows by the Tower- Year Ended 31 December 2024 Details of Church, Parish Office and Professional Advisors All Hallows by the Tower Parish Offjice All Hallows by the Tower Byward Street Byward Street London London Pt7rish Church EC3K SBJ EC3R 5BJ parish@ahbtt.org.uk 020 7481 2928 www.ahbtt.org.uk HSBC Bank plc 1-3 Bishopsga London EC2N 3AQ Boftkers Legul Advisor Mrjohn Woodheid SA Law LLP Gladstone Place 36-38 Upper Marlborough Road St Albans Herts ALI 3UU Unity TrLJSt Ban1< plc Four Brindley Place Birmingham B12HB CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET lftdependent Examiner Mr Rassoul lim SSA Accountants Ltd 44 Furzedown Road Sutton SM2 5QF Custodian Trustee London Diocesan Fund London Diocesan House 36 Causton Street London SW I P 4AU Quinquennial Inspector Mr Bob Wilson Bob Wilson Consultancy Ltd l Renny Close Strdthmore Avenue Hitchin SG5 1 ST
All Hallows by the Tower- Year Ended 31 December 2024 The Parochial Church Council The Parochial Church Council The PCC is required. as stated in the F4rochiLI Church counc15 (Power5) Measure 1956. ¢0 co-operate with the Vicar in promoting in the parish the whole mission of the Church, pastornl, evangelistic. social and ecumenical. It is a charity reg(stered with the Charity Commission, and is supported by a connected charity. the Friend5 of All Hallows. Member5 of the PCC are either ex-officio or elected by the Annual Parochial Church Council Meeting (APCMI in accordance with the Church Representation Rules. The PCC meets 4_6 times during the year to discuss reports and plan activities. There are two Sub-committees of the PCC, members of which are elected by and from the full PCC. The Finance Sub-committee normally meets 4 times each year. The committee's role includes preparing a draft financial budget for adoption by the PCC and monitoring and reviewing financial performance against the agreed budget. The committee also discusses matters of i general financial nature in advance of debate by the PCC. The Fabric Sub-committse normally meet5 34 times each year to monitor and manage the fabric and contents of All Hallows by the Tower church and the building of St Dunstan in the East. There is a Standing Committee formed of the Vicar, Churchwardens and PCC Hon Treasurer. The Standing Committee meets to discuss matters of the general parish administration. No binding decisions are made other than at the PCC. In line with current legislation, the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016. in relation co having due regard to House of Bishops, guidance on safeguarding children and vulnerable Ldults. The House of Bishops has produced policy statements which can be found at this link- www.churchofengland.orglsafeguardinglpolicy-and.practice-guidance Responsibilities of Members of the Parochial Church Council in relation to these Financial Statements The Council Members are required under the Church Accounting Regulations to prepare Financial Statement5 which glve a true and fair view of the Council's financial activitie5 during the year and of its financial position at year end. In preparing Financial Statements giving a true and fair view, the Council Members should follow best practice and.. select suitable accounting policie5 and apply them consistently., make judgements and estimates that are reasonable and prndent.. state whether applicable accounting standards and statements of recommended practice haye been followed, subject co any departures disclosed and explained in the financial ststements., prepare the financial statements on a going concern basis unless it is inappropriate to presume that this applie5. The Council Members are responsible for keeping accoLtnting records, which disclose with reasonable accuracy the financial FK)Sition of the Council and which enable them to ensure that the financial statements comply with applicable law and regulacion5. They are also responsible for safeguarding the assets of the Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
All Hallows by the Tower- year ended 31 December 2024 Members of The Parochial Church Council The Rev'd Katherine Hedderly The Rev'd Nicol Kinrade Vicar {to 15 April 20241 Vicar (licensed 12 January 20251 Associate Vicar (to 30 lanuiry 2024) A5515tant Curate Associate Priest (From 9 October 20241 Churchwarden, Finance Committee, Fabric Committee Churchwarden, Children'5 Champion, Finance Committee, Fabric Committee, Deanery Synod Representative Deputy Churchwarden, Finance and Fabric Committees PCC Secretary. Electoral Roll (lter (to 18 June 20241 PCC Secretary. Electoral Roll OfFicer (from I l June 20241 Role undertaken by Churchwardens until u replacement is determined. Safeguarding Officer The Rev'd Sophia Acland lex officio) The Rev'd Jennifer Midgley-Adam (ex officio} The Rev'd Drjohn Barker Mr Kenneth Marshall Miss Diana Robert5haw Mr Robert Stichbury Mr Charlie Watkins lin ottendance) Mr Michael Griffith5 Hon. Treasurer (Position vocant) Dr Siobhan Martin Mrs Catherine Price M5 Hasmeeta Mahandru Mr Carl Lomas Mrs Dorothy Risley Mr Emlyn William5 Mrs Sarnh Alder {Re5igned May 2024} (From April 20241 {From April 20241 (Co-opted May 2024) Mr David Ritchie
All Hallows by the Tower- year ended 31 December 2024 Parish Annual Report: Review of Progress and Achievements This year the focus has been on our wonderful community and all that we already are as we prepare for the future of a new vicar in 2025. In 2024 we looked to engage with the communities around us, the many people who visit our church as visitors or pilgrims, and with the many livery companies who see All Hallows as their Spiritual home. Staff Changes 2024 was a year of change at All Hallows. In January we said goodbye to The Revd Sophia Acland after 8 years here a5 Associate Vicar. Sophia's weekly focus was the Taizé service and she has been much missed by the Wednesday congregation. We thank Sophia for the time she has spent in many of the unseen part5 of the ministry here at All Hallow5', her great kindness to the many vulnerably housed people who come in wee1< on week co talk to her. and for the many pa5tordl conver5acion5 (in several languages} she has had with those who vi51t our church. We sent her off with our very best W15hes. On Easter Day we said goodbye to our Vicar, The Revd Katherine Hedderly, as she moved to take on the role of Archdeacon of Charing Cross. Over Katherine's time here at All Hallows she led our community through the ijncertainties of COVID19 to che r&opening of the church building and the re-starting of public worship here in our historic church. Katherine was Area Dean of the City, Chaplain to Nicholas Lyons when he was the Lord Mayor of the City of London, as well as chaplain to our livery Cotnpanies. During her time at All Hallows. Katherine was a great encourager of lay minisrries and of the many seasonal and other times of group Study. Katherine oversaw grant applications to enable a full-tyme curacy to be funded at All Hallows and many grants that went towards the successful roof project. Katherine 2nd Sophia worked together to ensure our icon of St Ethelburga would be hung near the Saxon arch, and that project has now been completsd. On leaving, Katherine asked for a new missal srand to be bought for use at All Hallows which is now being used on Sunday and Thursday morning5. In JLJne we said goodbye to our rISh Administrator, Charlie Watkins, as he left us to move to a new post in Southwark Diocese. We wish him all the very best for the future. We welcomed our new Parish Administrator, Michael Griffiths in lune arld are grateful for the experience he brings into this post. In September, The Revd Dr John Barker was licensed at The Old Deanery as our new Associate Priest and he joined us in October. john brings with him a wealth of experience from a variety of different contexts and we look forward to working as a team as we Prepa for a new incumbent. It was announced in October that our new Yicar and priest-in-charge of St Mary-at.Hill will be The Reverend Nico5 Kinrade, currently chaplain to the Bishop of Hereford. Nicol v<as licensed on 12 January 2025. Compa55ionate Community This year we have continued our 5UPPOrt locally of the City Hygiene 8ank and the Bow Foodbank and our vicar was a trustee of the First Love Foundation, supporting its work with those facing poverty in Tower Hamlets. Our Porch Room is a local community resource and supportrd local groups through the year as an excellent venue for meetings and events.
Creative Growth Our local cluster of churches continued to take Shape and develop. Our relationships with St Mary-at-Hill and with St Margaret Pactens have been maintained and grown in 2024 and we look to this going from strength to strength in 2025 with increased opportunities to work together to shine Christ's light on Tower Hill and beyond. We are thankful to Bishop David Urquhart from our Ioc21 cluster for his support over the interregnum. All Hallows cherishes its involvement in the civic life of the City, through its association with Tower Ward Club. Che Livery Companies and the Corporntion of London with All Hallows clergy continuing to provide chaplaincy to i wide range of livery, ward, and other groups within the City of London and the wider communiry. As we look across the world, we are thankful for our international links with the Diocese of Cyprus and the Gulf and our annu21 hosting of the Friend5 AGM and Service. We welcomed the new Bishop for the Diocese, Sean Semple, to his first servitt here with us. Confident Disciples We have seen a growth and deepening in faith through our faith education programme. including 'Neeting God in Murk. for our Lent groups, a summer reading group where we read 'Phoebe by Paula Gooder and Isabelle Hamley's book 'Embrocing Humonity. for our Advent Book group. We encourage a journey 'from tourist to pilgrin). for the many visitors to the church through our Encounter prayer and faith resource5 and include prayers left on our prayer board day-by-day into our services of morning prayer and in our Sunday worship. The clergy are xvailable to pray with those who visit and offer one-to-one conversations and pastoral care. The regular cycle of inclusive worship for our weekly Parish Eucharist. festivals and special services wa5 enhanced during the year by the newly created Tower Hill Voices. Numbers at our Sund2y services remained steady and our Taizé worship on Wednesday evening5 continued to attract those looking for a midweek time of prayer, sacred music and reflection in many languages. We held Thanksgiving and Installation services for the four Livery Companies associated with the church and the Beating of the Bounds and Choral Evensong on A5cen5ion Day, and special events and service5, meant a year full of beautiful worship for our wider community. A special thank you to Bishop David for all of his 5UPPOrt during these special service5. Our Christmas Services of Lessons and Carols with TOCH, Community Carols by Candlelight, Taizé around the Crib, Midnight Ma55 and Christmas Day services. with the music of the newly created Ttswer Hill Voice5, were very well attended, as were the carol services for the Mission to Seafarers, the Worshipful Company of World Traders. Marsh Mcclennan, RPC, HMRC, the Sailors Society. StreetWi5e Opera, the combined service for the companies of Balcers. Watermen and Woolmen, and the Churche5 Conservation Trust. as we celebrated God with us in the wonder of the Christ Child. Collection5 taken at OLir Christmas services went to support the Bow Foodbink, a local charity offering food and emergency items to those in crisis in Tower Hamlets, and co the Bow Hygiene Bank, which 15 run in the City by the Reyd Nick Mottershead, and donations have come in well - many thanks to all who have contributed at a time when the steep rise in the cost of living has left many families struggling to byy the baslcs.
Staff Team Many thanks to Revd Jennifer Midgley-Adam (Curate), Adey Grummet (History & Education Officer), David Cook IOrgani5t), S¥dn Boyle (Verger), John Simpkins (Caretalcer) and Patricia de Moura Carara (Cleaner) for their part in All Hallows being a place of welcome, and for their dedication to the life of the church. We are thankful for the many Yolunteers and City Guides who offer welcome day-by-day to our many visitors from all over the world. Together we are a vibran¢ community. We are very grateful to our churchwardens, Ken Marshall and Di Robertshaw, and Deputy Churchwarden Robert Stichbury; for all the many ways in which they contribute to church life. worship and organisation. We are thankful to all who offer welcome and h05pirality and talce part in the worship and prayerful life of the church. through reading and leading intercession5, serving and music, as well a5 those who serve on our PCC and committees. All Hallows is in very good heart and open to the fucure. The Rev'd Nicol Kinrade 27 March 2025
All Hallows by the Tower- year ended 31 December 2024 Review of Financial Activities (To be read in conjunction with che Balance Sheet. Statement of Financial Activities and associated Notes). This report together wth that of the Vicar and the rest of chis bool<let forms an important part of fulfilling the accounting requirement5 of the Church Accounting Regulations (CAR) 2006 and the Charities Acc 2011. Summary This report covers the year in which we almost resumed normal activities recovering footfall, much of it from Tourism. The Charity's financial situation ha5 continued to be satisfactory although it continues to seek to do better while inflation is still presenting seriou5 difficulties. The effect of Inflation is even more crucial when considering the invaluable Listed Places of Worship Scheme, whereby Listed Buildings such as ours are able to recover VAT for repair etc., 15 strongly rumoured to be greatly reduced by Capping in the near future. Accordingly we are relieved we took the decision to undertake the major repairs and improYementS to the north and south Aisle Roofs should it transpire we were able co recover all the VAT rather than a smaller eapped sum. Overall the Statement of Financial Ac¢ivitie5 Sets out that while both overall Income and expenditure have increased, the main rea50n is for roof repairs offset to a valuable degree by specitic Grants. This resulted in u5 ending the year with a deficit of £33,393 compared with a surplus of £56,125 in the previoLts year. Income The main income results from the continued use of our properties and Grants to produce a favourable cash flow. together with income from deposit interest and investments with the CCLA Church of Enand Funds. The Wakefield and Tetley Trust have again been able to continue their historic support of All Hallow5 which has over such a long period of time to facilitate the All Hallows Ministry and its outreich on Tower Hill. We would also acknowledge with gratitude the non-recurring Grants made so helpfulty by City Church's Grants Committee and others which together produced an inflow of £238,747. Collections were lower where Planned Giving, Collection5, Donations, Church Giving and Gift Aid tax recovery reduced to £123,1081£184,5651. Church Rate improved significantly from £7,859 to £ 12,747. Rental Income of properties was reduced at £113.466 {£141,545). Bank Interest and Investment Income benefited from improving r2tes at £ 21,4351£ 13,898)- Receipts from Church Activities improved to £24,107 from £22,170. Expenditure We have previously drawn attention to two significant elements of expenditure in this compared with previous annual accounts due to the significant swings in the cost of Energy Utilities expenditure with capping imposed by the Regulator also to a lesser degree in weather changes. However as much of the consumption goes co off takers, the nett coscs to the Church are less significant. The overall cost of generating funds reduced from £125,613 to £94,571. Church Running Expenses were broadly similar £71,0321£74,272), reflects the effort5 to control dilly running core costs.
The major renovation5 and improvement5 of the Major Roof Repairs c05t £ 297,551 from the use of restricted Fund5. Deducting this large item from the Church Repair and Maintenance Note 15 and adding other Property Upkeep it will be seen those other paIrS were up £26,1761£ 5,019). Larger items have long term value being renewal of Fire Extinguishers c05ting £4,164 and CCTV £3,537. We paid the Diocesan Common Fund £77,500 {£75,500}, while other Clergy and staffing costs reduced to £145,2051£150,175). Our Charitable Giving Wds very slightly less being £6,187 {£6,244) Reserves Policy The PCC maintained its Policy to keep a Reserve of six months of its normal running expenditure for operations, normal daily maintenance of the fabric of our Grade One Listed buildings. The major works to the Roof referred to in the Fabric section of thi5 Report had been provided for within the Re5cricted reserves. Simultaneously we have been seeking to build reserve5 for the next Quinquennial SuThey and works to the Organ, ground floor accommodation and the North Store basement. Acknowledgementsl Appreciation Members of the PCC. and its sub committees hive met both in Person and on Zoom frequently throughout the year and we have valueé each person's contribution greatly during what has been an unusual and somewhat testing year. Mr Rassoul lam, who has been our Extsrnal Examiner for some 18 years now. has confirmed the account5 are in good order. We wish to acknowledge once more how much we appreciate che integrity and quality help he has given each year. We a150 acknowledge the controls and record keeping exercised by Mr Kevin Ogilyie of Charity Bookkeeping, our Finance Officer, and both Charlie Watkins, and his successor Michael Griffiths as our Parish Administrator. These Accounts were approved by the Parochial Church Council at their meeting on 27ih March 2025. Di Robertshaw, Lay Vice-chair of the PCC Mr Robert Stichbury, Deputy Churchwarden, 27 March 2025
Ind¢pendent ExamIne$ Rèport on thè accouilts
to tnember51tru5t@eS Qtthe Parochial Church Councll ofAII Hallo¥Ys by thè Towèr
We ro ihe ifvStee¥ On Dur Exa11Jn of the accoullt& ol the above
ALL HALLOWS UERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMMER 2024 Unr¢5tricted & General Funds Desl8nat¢d FThd5 Restricted FndS TOTAL TOTAL 2024 2023 INCOME 2 Hinnod 14.251 19,259 7,708 3 Colloctions & othergtying 4 Othervoluniary refvpts 5 Giltd recèyered 5,094 336.675 5.835 167,073 2.560 9&128 23&547 5.835 B,885 6 Other recelpis 7 Acihldes forgeneratlnglufvjs 8 Invesiment income 110,38D 2,560 131,&65 56,693 3,673 155,443 22,170 3,036 9 trom thurch att1¥5 TOTAL INCOME 24,107 690,496 392,120 3,036 195,240 EXPENDITURE 10 Costof genwating lunds I l Missionary &charitallewng 12 Parith SharelCamm¢n Fvnd 94.571 94,571 0.187 77,500 145,105 71,032 323.727 6,187 6.244 75,5QO 77.500 13 CrgY & 5talfingcosts 14 Church running expenses 15 Church repairs & matranCe 16 OEhEr property upke2P 17 (kher wpp¢rtcosts TOTAL RESOURCES USED 55.268 14,357 15,764 309,370 74,272 2.731 2.280 5,52 442,343 5.667 5,667 723,889 364,955 358,934 NET IDEFICITYINCOME 27,165 3,036 -6J,694 -33,393 56,12S GAINS & LOSSES ON INVESTMENTS Reallsod Unreali5Ed NET MOVEMENT IN FUNDS Imces brou8htfotward at 11112024 Transfer5 betyiEEn lund5 BALANCE5 CARRIED FORWARD AT 3111212024 27,165 429,846 -63,6514 52,7fNI 40,230 29,236 -28,154 557,740 75,588 492.152 75,194 140.2301 43,139 529.486 557.740 The Notes on p4es 13 tts 25 form pfft of aGcountL CharityCommlJsloTh K*u2tbn NLbe.. 1129137 PAGE-I I
ALL HALLOWS BERKINGECHIRCHE BY THE TOWERWITH ST DUNSTAN-IN-THE-EAST BALANCE SHEET AT 31ST DECEMBER 2024 1024 2023 Note FIXED ASSETS 18 Tanwble assets 19 Inve3tments 129,686 229,686 224,547 214,547 CURRENT ASSETS Sto¢k 20 Debtors & prepayfflBnts Short ¢erm dep¢slt5 Ca$h at bink 2.063 2,351 JB,910 252,208 344,792 630,261 374.281 064,694 CURRENT LIABILITIES 11 Croditor%.' arnounts lalliDg due ¥thIn one year (42.7421 42,742 -lQ2,177 NET CURRENT ASSETS 561.517 595,519 TOTAL ASSETS LESS CURRENT LIABILITIES Yg1,2D3 820.066 22 Creditorg.. a[nountsflIg duB after rnorethan onèyezr 23 Prov151$ for Ilablltles and chirzes 1157,3161 1105,QOOI -162.717 -261,326 24 NET A55ETS 529,486 557.74Q FUNDS UDwtri¢ted 25 DesigThated IS Re5tr1cted 429,846 75,194 52.700 557,740 43,139 19,136 519,486 Apprwed bythe PCC on 27 Marth 2025 and on its behiwby ThB R8Y'd Nlcoi Klnradi Vlcar MIS% DiiThi Robertshaw. Churchwarthn The Notes on P¥ 13 25 Iorm Pari oIthEse Itcounts Ch3rlryknmts¥on R¢8]siriihyiNvmber.' 1129137 PAGE-12
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31ST DECEMBER 2024 2024 2023 Cash flows from operatlng actItIes. IDeficlrllSurplu5 for the flnanclll year 56.125 Adjustments for.. Detrease in bookshop srodt5 288 288 IlncrÉaséllDècroasÈ in deb(or$ IB2.4261 8,559 IncrE3se in short term deposits 1145,247) Increase in creditors Net tash from operatlD88¢tlvltles 59,826 178,233 97.958 NEt Idecrease)fincr&75e In cash And cash equalentS 1177,778) 97,958 Cash and cash equivilents at the beginning of the year Cash and Cash egul¥al•ntS 81 the ¢rtd of the ye•r 344,792 246,834 344,792 Ca$h and ¢hsh equlvalent5 at the of the year compr15e'. sh it bank and in hand 344.792 The ND*s on P4Ei 13 to 25 farrn part dthÈ5e Kcounts Chitiyc4nwS5in Regi5tyatiun Nuthw.. 1129137 PAGE-13
ALL FIALLOWS BERKINGECHIRCHE BY THE YOWER WITH ST DUNSTAN-IN-THE-EAST NOTES TO YHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2024 No ACCOUNTING POLICIES The Inafflclil statemenfs have been prepared in iccor4incewith the Financial RoportngSTanthrd apP1kab in the unIt Kingdom and Republic of Ireland IFRS1021. the chatiE SORP IFRS1021 with thechIlle5 Act 2011. The financlal sth¢emen15 have beth prEphrd uTbdEr the historical c05t convention excepr for ihev•luAtlon ¢llnvesiment as5Ets. whlch 3rB shown At markei vile when matBrillyderQntfr0rn bth)kvibJe. FUNDS General funth ropresont thèlthids olthe PCC ihaLare ntstsublttt to &Thy restrictions rog&rdingthwr use ènd are avarnable for applkatian on theEenEral purpose5 of the PCC. Funds designited for a prlKular purpose by the PCC unroSErtéd. The accounts includc all trinsa¢tbrt1 I5$¢ and Ilabillties fofwhiGh the PCC IJ responsiNEin w. Theydo noi Include ihe3ccounts of churth 8roup5 that owo thLyr Main a[filn ro another nor thatare iThlorrn gatherings of church n*mbers. Th2 churth'$ over411 reserve pdky Is based OD cover for sF% months of OtingC0St5. 114COMING RE50URCE5 VOLvNfARY INCOME AND CAPITAL SOURCES Coll@ctyons are rÈtognlsed when r1¥¢d by oron behiwolthe PCC. PL)nTh &Yiy is ra¥ed only In the year In which it is recdyed. Income tix recoverabieon giftèhl doniUon$ 15 recognlsed when ihe Incame is reNed. Granis io rhe PCC are accourtlEd for %oDn a5 the PCC 1% notif of its W entstlemeniand rhe3mourttdue. OTHER ORDINARY INCOME RÈDFal Inc¢rne frorn ihe letungof the churth premth 15 re£ogni whf4n reThtsl Is du INCOME FROM INVESTMENTS Dmdends and interestare accoted forwhon reCVaN@. Tax recoverable on su¢h IrK¢me 1$ r0£ed in the satneaccounngy14r. GAINS AND LOSSES ON INVESTMENTS Reall gains Or10556 3fE recogThlsed whon inve$U¢S are sold. Unreallsedgalns or105ses are accounted far On revaluation of investfflents it 31 D•c4mbpr 2024. RESOURCES EXPENDED GRANTS Granis and doDitbTrs are3CCOuntèl for when pxld oY&r. ofwhen 3W&Tdcd. If thataward crea¢es a bSndln80 ort the PCC ACTIYITIES DIRECTLY RFLAnNG TO THE WORK OF THE CHURC The parlsh coThirbi tstlon tothe LondDll Thocssan Cornmon Fund Is for when payabi EAlYcOMThS10ft RÈglsiratlonNutr&Èr. 1129137 PAGE-14
ALL HALLOWS 6ERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN.THE-EAST NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 315T DECEMBER 2024- Cont'd Note FIXED ASSETS CONSECRATED LAND AND BUILDINGS AND MOVEABLE CHURCH FURNISHINGS Consecrated and beneft(e property is dded from tho accounts by Section ID ol tho Charit5 Act 2011. The Al Hallow& Queen Mother Centre has been buili On bend¢e land and. belw a physlcil e¥rensn to ihe church, Is suble£t to Ecc15¢3l Facultylurisditsttin. IL like the churth 15 therE(orEvAGded Irotn the 5tatemEntof assets on th2 PCC Bzbnce SheeL No value Is pbcÈd on rnoYeAWe churth lurD15hln85 hdd byihethurchwarden5 en speclal irustfor the PCC and whkh requirea faculty for d15kW)5al slnts the PCC COn5vJEf5 ID be inilienable property. Al expenditure incurred during theyear on consecrated or bEneficE buifdinE5 ind K)YebI church furnishlryTr YknBther rnaIntenanQr lrnwoYemen¢ Is wrft¢en off as expeDdlture In ihe SOFA and separatetr/d15cbstrl. QTHER FIXTVRES, FITTINGS AND OFFICE EQUIPMENT Equipment isdepreclaled Lo wriQ offits cost. le5& estimatcd rC5u1 value, on 3 Stri¥ht-line bas at rat&of 20% pa. IndIYU[ items oFequSprneD¢wth a purchase prke ol L750 or kn arewrltten off then ihe assei is acqulred. INVESTMENTS InYestmETh¢s are valued at market Yalueat 31 De£ernberwhen m3ierklkydNlerent from b)ok Yalu CURRENT ASSETS Arn¢uDts owlnz io PCC ai31 December in respect of IEES. oroihef Kome are shDWn as debtor& IES5 proYi% ltsramDUntS that w prove uncollectable 5hort-term 1cdeCI1h held on depOtellherwl¢h the CenEral 8oird of Anan¢e of the Churth of Engiand Fund oratthe bank. CASH FLOWS STATEMENT Theaccounts indudè Cash Flows ststÈThpD¢as requlred by FRS102. STOCK 5Lock is valued iLth8 k>werof costand reil1saN&vi& m3MnÉ due allowin forobsokne And IhwlDg lierns. PENSION All Hallows by Thé Tower partldpates In the Church Funda PeDsbns Scheme #lpendlary clergy. a defintrl benefit pen4¢n scheme. Thls scheme i% IdnrSred by ihe Church ¢1 Pensions Board. which hdd5 thEa55et5 olthe 5(heme& 5eparatrlylrom those olthe Re5pon&ible 8odie& Eich participating ResponsiNe Body in the herne pap coThtribution&at a cofflrnon conrribu1 raQ to PEnsionablo &uponds. Tho schernÈ Is considerÈd to be a multE-eMployor schème as d¥¢rlbed in se¢¢) 28of FR$ 102. Thls means hls not p¢ssIb ¢¢ a¢tyibuie the Schemo's ind 1[alItIeS to each spe¢ln¢ fte5ponsible Body. and ihls contribu1)n$ are accounied for as le Scheme were i defined contrlbution scheme. 1 Hxlows by ihe Tower has orte memberalthis scheme at theyear end12023..11. The pEnonI colts charged to th2 SOFA in th2 year are conthbutiDns payable towords bEnefits znd expens accrued in thatyear, uS r¢Yded 1 oF£560mlor al iheemployers In thls muliFomployerscheme. The Church alsa op¥ates a defined COntrtbJifoTh pension 5chEtne for non-clergx staff. Contrlbutlons payaL48for th8y8ir aro charged In thB SOF CFdrWCcfflmbikn KeBlsrr3don Nuner.' 11291)7 PA(-15
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 3 1ST DFCEM8ER 2024. Congd Note INCOME Unrestritted Dlnated Restricted 1024 2023 2 Planned Glving Glt Ald- stkndlngorders recdyed ar bAnk Other grring- GAYE Oih¥ SnE- CAF Vouchers Other lne 8riinE- non 85[taed 50 45 3 Colloction5 & Oth@rGiving Flaie ctiOnS- Sundiy Serwtss atr colkntioTh&- Sp141 seThryce5 onOff Glft Aids 3,556 423 3.729 7,70U 2.675 5,094 2,675 5,094 4 Othervolumtary Recelpts G18 through church boxes- donitlon Gfvlng through church boxes- tand% OthEr donations aAd appeals Legac 2Y,13g 4.197 3,967 1.500 2B.702 5,575 4,809 1,00 4.1 3.967 1,5 City Burv41 Ground Fund N¢thcott Foundath)n - Tru5E for LondDll - Wakefidd & TMl¢y Trus¢ - Worshipftsl CDmp3ny ofwodd TradÈrs - Vi13raB2 repiir rMbrt NOn-rrigon¢-0ff trants -Tawer Hill Trust -Ci¢y Churches Fund - LoDdoD Dlowan 2,781 2,781 2.600 44,000 2.344 55,000 2,344 SS.000 1,000 55.000 1,000 4,152 15.0 223547 Is,000 123.547 200 200 98,128 138.547 336,67S Chx5wCoThffllsslon Rq*tTrithNuMber'. 1129137 PAGE-16
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST NOTES TO THE FINANCIAL STATÉMENTS FOR THE YEAR ENDEO 3 1ST DECEMBER 2024. Convd INCOME UMre5tri¢t£d D4Signat¢d Rèstrtct¢d 1014 102J Note Gift Aid Rectsvered Tax re¢¢¥eritqe Gh Ad 5,935 5,835 5,835 5,835 8,885 8.UU5 6 Other Receipts Othor funds generitrd- Church Rate Otherfunds generat- hospi11 Rcfund of uts11e5 ind bills- Queen MotherCthi¢r¢ Refund of utilieS and bllls- Fla[ Relufid vf utiliues and bills- th)ble phone masi Refufid of utilitie5 and bill&- Vicarage VAT Refund- QulnquenThial ILPWS) Re1TnburEllt DIArea Deani. ExpetI5es OEher IrK¢me 12,747 12.747 7,H59 445 60,768 50,920 50,820 29.911 2.B53 14,049 2,853 67.449 3,193 1,346 4.075 5.566 3B8 53.4 3.293 56,693 167,073 7 Attivitie5 for Generating Fund5 PCC lundral51ngevent51actyties Och¥ lund5 genefAiEd. reti1$ Ocherfund5 trnerA. tuided tDur 2,150 36 1.487 3,6Y3 435 2,560 435 2,560 8 Inve5tmeDt Income lnierest on cCLAdep0t alc lThcomo from cCLAlnVtrnenT luTrd Reni- All Hallows Htsuse Rcnt- Qucen Mother Centte ent- church flir Rent- rn¢bl1 ¢ phone masr 3.036 15,2fr2 6,133 30.940 39,848 22,869 9,278 4,610 233 30.940 39.848 22,869 19.809 J9,970 19,809 155,443 3,036 CharicyCorthiSSlDn Wstrt¢h)Th Wmber.. 1129137 PAGE-17
ALL HALLOW5 BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE.EASY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2014- CoDt'd INCOME Unre5tri<ted Desi8nated Rtstrictsd 1014 2023 Not 9 Rcelpts frtsm Church Activie5 PCC 5tatutoryfEE5- Y¢Eddifigs PCC 5ts1utoryfees- fUrIdePoSIOn Bookshop salos P¢r¢h R¢om lettings Hifft of chutrh building PCC non swi0ry lees- Y¢e&Jhg HI olChurch- Memorial PCC non sta¢uiory le¢s- memorial ser¥KÈs PCC non S110ry lees- lunetalldepos0n Hire of Church- Carol se1¢e5 Hlre of Church. LFwery Conwany %£Yv5 Prinling orderi oIserY Education- other school rkshOpS 3.666 241 IQ770 905 1648 58 3,666 242 10,770 905 2,648 58 26S 5(tS 9,633 4,874 165 1,630 124 502 3.479 77 3,479 77 24,107 22.170 INCOME- GRAND TOTALS 392.220 3,036 295,240 690,490 498,460 Charty conmntsOn RswaEIOn Nunthr. 1129137 PAGE-IB
ALL HALLOWS tstftKINGECHIRCHE BY THE TOWER WITH ST DVNsfAN.IN.THE.EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024. Cont'd EXPENDITURE Unrn5trict8d De518nated Restricted 2024 102J Note l Q Cost of Gen¢r*ing FvDds Fees pAhl to Ind ralsers- Church Kate Square Mi12 Churches Project Art Proieti rbh Evenls Bookshop purchase5 ectyicity- <hyrth ftat M5n¢rfibriC repairs- Church F&1 Rent Phyab- St Ouffl&fan in the East lincl. utlitses) Minorfibric rèpairs- ST Dun5un li thè Gas- Queen Mother Cernire Electricity- Qu22n Mother Centr¢ Water rates- Queen Mfflh¢r Centr¢ MaintrnkncE igreemEnt%- Queen Mothercentre EtriCIty- K)bl phone ma5l 1.200 1,200 1,200 50 5.093 5,093 1S,631 0,6 lQ,600 28,741 1,743 1,574 27,884 94,571 3,J39 47,477 2,743 2.574 27.864 94,571 47.742 I l Mi55ioThary & Charitablo Giving Charitab12 Giving 187 6,187 6,187 6,244 6,244 6.187 crIlY CommIkn Atraantr.. 1129137 PACE-19
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN.IN.THE-EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024- Cont'd EXPENDITVRE Unrestricted Designated Ro5trict@d 2024 Z023 Note 12 Parish Share Commtyb Fund 77,500 77,500 77,500 77,500 75.500 75.500 13 CleY8y & Staffin¥ Cost5 103.942 1912 2.783 1116,715 Pension GontributiDll5 Vduntg&rs c¢>sts, in¢ luncheon ¥0her5 expenses- Irayel, ho5pkality etc Curate Costs Curate Stlpend (Off Common Fund) GA5- vKiraEe EtrIc1- vKèrage wa ra. vlcarage Telephone linc MO1- vKarage Minor kbric rer5- vt(arage ReP2ir&fixtrQ% & fittyn8s- vicarag Makntenance ¢OntraCt5- wcaf4E Maior labric rep4irs- YK4r SpBak8r 5.965 870 870 326 354 24,335 1,479 24B3 24.830 5,016 5.026 1.469 Z75 24 828 573 775 275 24 828 45.579 27 Theayerage nymberolrAwloyees durfThg ihe xear was 6 Q023..61 Ind no empl¢yeE12023.. 01 re£EwèI a remuner3¢ion of Tnore than £60.000 p2r annu The key managernÈnt personnd of the Charitycomprlses theTTb51EÈS and m3nagcmEnt teèms As lisied trn pige4. The lotal amDunt olempk>yee emolurnents (Inclding s31arlÈs, mployer pensh)Th and Thaty¢nal insuraTh¢¢ ¢OTh¢f1but)nsl re£efftd by the key maTha¥ement PerSn for chelr ser¥ittS to the Charltywas É79.44512013." £81,030). ritycojnffllislon RoOitrailon Nuft*Èr.' 1119137 PAGE-20
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DVMsfAN-IN.THE-EASf NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 20Z4- Cont'd EXPENDITURE UnrB5trict@d Dosignatod R05trictod 2024 2023 Note 14 Church RunniTh8 Expen5e5 Memborship loes 302 28 18 7.816 In5UTance- thurch Profe01 f- archkec¢ etc TelephoDe- church office Broadband &lax- chvrch Oire Organ tuning& maintena Organ repalrs 7,505 8,9 900 786 IW7 S,B70 786 1,887 813 2,OHZ 2,337 MainanCcon1r?cts- churth c1¥ wn¢ra(ts- churth Cleanin8 church Fgulpment Upkeep o15ervKes- Iltsr requrleS FlowÈrslChrisrmA% tr 1,044 1,044 4.279 4.279 3.592 478 3,291 307 3.167 3,167 OlCe Staff Exp2nses OlC@ equipment ol¢e eguipment.. renta orrice equipfflent. maintenancelrepair Posty Photocopylw prhiting & sts1ery Advertisin¥ & mirketing Muslo IicensÈ> royalty lees etc otsks. migaune subs Elc Bank charges ElÈ¢irkity- ¢hwch Gas- rhur¢h Water rAtr5- thurth 83 83 56 29 4.324 483 4,324 483 4,018 459 476 43Q 12037 14.580 430 12,837 14.580 2,505 74.272 55,268 15,764 ¢yc¢mmtsun RE*SW4UOn Nuthber. 1129137 PAGE-21
ALL HALLOW5 BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THF-EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST DECEMBER ZOZ4- cot'd EXPENDITURES UrtriCt•d D8518natÈd Restricted 1024 2023 Note IS Church Replrs & Mnnnce Repairs fixtures & fltrlTh8s- ¢hvrch Fire tingler maintrnancE- chur Major repair5- church Malor Repairs- ft¢ol Cryp¢A¢c¢ssSbility Prgett 9.029 4.16 9,029 4,164 12.983 2•7,551 359 1,6S1 710 297551 309,370 323.727 16 Other PCC Pr¢Jp&rty Upkeep Other PCC propery upkeep 2,208 17 OthersvppDTt Costs Examinationlpayrol 5.667 5,667 5.667 5,667 5.5ZO 5.520 EXPENDITVRE- GRAND TOTALS 364,955 355,934 723.889 442,343 son Nuner.' 1129137 PAGE-11
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 3 1ST DECEMBER 1024- Cont'd IB FIXED ASSETS FOR USE BY THE PCC. E9ulpmeTht Tangible Fixed A55BtS C05t2t l January 2024 2024 ID23 52,626 51,626 31 DecembEr 2024 52,626 52.626 LE55 accumtEd deprec&ition it I Imuiry 2024 Chay for year Dlsp¢sal adIUscn1i At 310e¢embEr 2024 52,026 52.626 52.626 52.626 NET BOOK VALUE at 31 Dacomber 2024 19 INVESTMENTS At Mark* Valu¢ CCLAIC8F InvEsimenl Fund- At I linuary 2024 Addition 2024 2023 224.547 205.084 Surplu51lDEficitl1 revalua At 31 Doc•mbor 2024 19,463 224,547 229,666 2014 2023 20 DEtsTOIIS Inrome recoyerable on dDnitlon OihcrdebtDr& prepayments & xccrued income 1,819 1.942 36,96B 3B,910 ReE15tratson NuTrer.. 1129137 PAGE-23
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST NOTES TO THE FINANCIAL STATFMENfs FOR THE YEAR ENDEO 3 1ST OECEMBER 2024- Cont'd Not 21 LIABILITIES 2024 102J Arnount5 falling due withln one yèftr Accruals & deferred incom 41,102 1,040 42.742 PAYE & NIC 9B2 22 CREDITORS AmoDnts fallin8dwe after more than on• ytar Kent dewt Delerred inccthe 2024 2013 10,097 147,610 9,706 147,620 1S7.326 23 PROVISIQNS FOR LIABILITIES AND CHARGE5 1014 2023 PrtrA$ion lor fabr rèpair 105,000 105,000 10s,000 105,000 24 ANALYSIS OF NET ASSETS B Y FUND UnrestrlctÈd & G8nBrat Designated Funds R8stricted Funds TOTAL TOTAL Fund5 2Q24 2013 Fi¥cd Atr 129,686 129,596 664,694 1364,894} 529.486 224.547 638,161 1305,0681 5S7,740 curreTrtASs Liabllidet & ch*# 635.458 29.236 19,236 Z5 DESIGNATED FVNDS 2014 2023 9,849 33,290 44.940 30.254 AHH DesiÉnated AHH CCGC (City Churches GraThts Committee) grant inctyw In rdation to All Hilk>w5 House chatY RÈOSftstsOn Numbèr.. 1129137 PAGE-24
ALL HALLOWS BERKINGECHIRCHE BY THE TOWER WITH ST DUNSTAN-IN-THE-EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JIST OÉCEMBER 2014. Coned NDt 2024 202J 16 RESTRICTÉ) FUNDS.. Pavement & Crypt 4,21Jl 11.Q45 4,Q07 7,2$8 Fabr Organ Foodbank IFir5tlo¥e Foulld&¢K)nl Square Mle Churchcs Project Curacy Roof 4,007 1.788 17,662 29,236 52,700 27 FUND DETAILS The fte5trl¢ied Furos Indud (Il thE Rotnan Pavement fund 15 lor theconserv1ln olthe Roman nDDr in thECryPt. Iiil lh¢ Fabrfc IRostrtct¢dl fund includ¢d the crypt a¢w5sibi4iy pro1¢. Illl} thE Is f¢f ihe miinlEnan¢e and repair olthe ¢hurch 0. (Ivl the F<>odbank lund 8 lor workdone in partnership th the First Love FoundatiDn. Iv) the Sqv4r8 MilÉ Churches prnject is Pr•rting City thurchw post-coyid. I> Ihe Ctsricy a 8ini tocover hall ihe ¢osis Of the parlsh ¢Ura The other half is by the LDF I1) the roof lund i& to cover may)r repair works on church roDI 28 CONNecrED PERSONS Clergy Eyenses were £B70 duriThE theyear12023.. £3261 lor travel. 5ubusience h05W¢ality. which expeTh*Swere IrKurred wh¢lky, e%dwvdy èThd rIty in performance of the1rdUt so thaLAO taxab tvèThefiLarD5e IN their hand NumbEr..1129137 PAGE-25