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 counc￿15 (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 En￿and 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 Exa￿￿￿11￿Jn of the accoullt& ol the above <hAriy I'tho Trust'l for the yearended 31 Dectmber2014. aro srt outon py I I to25.
Respr>Msibilities abd basls olreport
Ai the ch3rity'& tru&teE& you zro respOn￿ble{DrthQ weparntEoD of the xcounts In a¢cc*thncewlth the regUiremeThi$ of the Charlties Att 101 I I"thoAct'l.
We rep)n in reSP￿tof our ExamiTr3tiDn oltheTruit¥ accounts carried out und2r Settion Irf5 of the 2011 A¢tand Sn car￿n8¢ut0uf ExaminitK>n. we havel01lay￿d
I theapplicabl@ DlrYctiDns Sty￿ by thÈChthty Comm1$g￿ under sect4¢n 145lSllbl of ihe ACE.
Ind4>endent EAarnin8V5 5tatetnent
Thechirlvs gr055 Income o¥ceeded £250.(M)0gnd we are qwdllfied to undertake the examln&tian by ￿l￿g3 qu2lifiBd oftheAssodath)n of Chartetyj Cerufid Aca>untants IACCAI.
Wt have wmpleted our ¥%amlnation. Wecorfirm that no material malLEfs have COME toour atiention in connection with thee¥iminith)n whlch us cawe
to belkye ihat aThy material resp￿¢
*the aCCountin¥ Tecords were not kept Ni iccordancewith sectyon 130 oFtheAcL' or
*the 3ccounts did not accord wlth tho Attounfjng r¢c¢rds'. or
*the accounts did n¢tc¢mply wi(h the appllcable requ￿￿entI concerning the and content of aCCo￿ntS sot Dut In the
Charities (Accountsand Reports) Re8ul2tK)ns 2W8 other than any requiremont that the ac¢oyntspve i'true and fail viewY¢hich
k not & rnatter consl&red a5 partof an IDdependeni examhatbn.
We have noc0Th￿rnS and have comeacros5 noother Mattor$ in conDocth)n wlth thee¥arnlnation t¢ which aLtenti¢n ghouw bEdrawn in this report in
ard¢r to enablo • prDper under
tandlng ¢ltheicctrJnts to be reachè
Rassoull3m, Independent Examiner
Fer and on behilf of SSA Accountsntl Ltd
Chartered Cerrified A(￿￿￿¢￿￿￿. 44 F￿￿edOWn knAd. SutTh Surrey SM2 5QF
Date.. 27 March 2025
a*￿tyC￿n￿5sth Reg15¢Trtknn NL¥nbEr..1129137
PAGE-10

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
F￿Thd5
Restricted
F￿ndS
TOTAL
TOTAL
2024
2023
INCOME
2 Hinnod
14.251
19,259
7,708
3 Colloctions & othergtying
4 Othervoluniary refvpts
5 Gilt￿d 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 C￿rgY & 5talfingcosts
14 Church running expenses
15 Church repairs & ma￿tr￿anCe
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 NL￿be￿.. 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$h at bink
2.063
2,351
JB,910
252,208
344,792
630,261
374.281
064,694
CURRENT LIABILITIES
11 Croditor%.' arnounts lalliDg due ¥￿thIn one year
(42.7421
42,742
-lQ2,177
NET CURRENT ASSETS
561.517
595,519
TOTAL ASSETS LESS CURRENT LIABILITIES
Yg1,2D3
820.066
22 Creditorg.. a[nountsf￿lI￿g duB after rnorethan onèyezr
23 Prov151￿$ 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 actI￿tIes.
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 equ￿alentS
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
Chitiyc4n￿wS5in 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 thech￿Ille5 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 vil￿e
when matBrillyd￿erQntfr0rn 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 unroSEr￿téd.
The accounts includc all trinsa¢tbrt1 I5$¢￿ and Ilabillties fofwhiGh the PCC IJ responsiNEin ￿w.
Theydo noi Include ihe3ccounts of churth 8roup5 that owo thLyr Main a[fil￿n ro another nor thatare iThlorrn￿ gatherings of church n*mbers.
Th2 churth'$ over411 reserve pdky Is based OD cover for sF% months of O￿tingC0St5.
114COMING RE50URCE5
VOLvNfARY INCOME AND CAPITAL SOURCES
Coll@ctyons are rÈtognlsed when r￿1¥¢d by oron behiwolthe PCC.
PL)nTh￿ &Yiy is r￿a¥￿￿ed only In the year In which it is recdyed.
Income tix recoverabieon giftèhl doniUon$ 15 recognlsed when ihe Incame is r￿eNed.
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 acco￿ted forwhon reC￿VaN@. Tax recoverable on su¢h IrK¢me 1$ r￿0£￿￿ed in the satneaccoun￿ngy14r.
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
E￿A￿lYcOMTh￿￿S10ft 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 ￿d￿ded from tho accounts by Section ID ol tho Charit￿5 Act 2011.
The Al Hallow& Queen Mother Centre has been buili On bend¢e land and. belw a physlcil e¥rens￿n to ihe church, Is suble£t
to Ecc￿￿15￿¢3l Facultylurisditsttin. IL like the churth 15 therE(orEvAG￿ded 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)Ye￿bI￿ church furnishlryTr YknBther rnaIntenan￿Qr 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 rC5￿u￿1 value, on 3 Stri¥ht-line bas￿ at rat&of 20% pa.
IndIY￿U￿[ 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 1￿c￿deCI1h held on depO￿tellherwl¢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% Idn￿r￿S￿red 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[a￿lItIeS to each spe¢ln¢ fte5ponsible Body. and ihls contribu1￿)n$ are accounied for as ￿l￿e Scheme were i defined contrlbution scheme. ￿1 Hxlows by ihe Tower
has orte memberalthis scheme at theyear end12023..11. The pEn￿onI 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 Nun*er.' 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
D￿l￿nated
Restricted
1024
2023
2 Planned Glving
Glt Ald- stkndlngorders recdyed ar bAnk
Other grring- GAYE
Oih¥ S￿￿nE- CAF Vouchers
Other ￿l￿ne￿ 8riinE- non 85[ta￿ed
50
45
3 Colloction5 & Oth@rGiving
Flaie c￿￿tiOnS- Sundiy Serwtss
atr colkntioTh&- Sp￿141 seThryce5
on￿Off Glft Aids
3,556
423
3.729
7,70U
2.675
5,094
2,675
5,094
4 Othervolumtary Recelpts
G￿1￿8 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 r￿Mb￿r￿￿t
NOn-￿￿rri￿gon¢-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￿- hospi￿11￿
Rcfund of uts11￿e5 ind bills- Queen MotherCthi¢r¢
Refund of utili￿eS and bllls- Fla[
Relufid vf utiliues and bills- th)ble phone masi
Refufid of utilitie5 and bill&- Vicarage
VAT Refund- QulnquenThial ILPWS)
Re1Tnbur￿￿Ellt 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 lundral51ngevent51acty￿ties
Och¥ lund5 genefAiEd. reti￿1$
Ocherfund5 trnerA￿. tuided tDur
2,150
36
1.487
3,6Y3
435
2,560
435
2,560
8 Inve5tmeDt Income
lnierest on cCLAdep0￿t alc
lThcomo from cCLAlnV￿trnenT 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 R*celpts frtsm Church Activi￿e5
PCC 5tatutoryfEE5- Y¢Eddifigs
PCC 5ts1utoryfees- fU￿rI￿dePoSI￿On
Bookshop salos
P¢r¢h R¢om lettings
Hifft of chutrh building
PCC non s￿wi0ry lees- Y¢e&Jhg
HI￿ olChurch- Memorial
PCC non sta¢uiory le¢s- memorial ser¥KÈs
PCC non S￿1￿10ry lees- lunetalldepos￿0n
Hire of Church- Carol se￿1¢e5
Hlre of Church. LFwery Conwany %£Yv￿5
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 conmnts￿On R*swaEIOn 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 I￿nd 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
E￿￿triCIty- ￿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
c￿rIlY CommI￿kn A￿￿tra￿an￿￿￿￿tr.. 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 ¥0￿her5
expenses- Irayel, ho5pkality etc
Curate Costs
Curate Stlpend (Off Common Fund)
GA5- vKiraEe
E￿trIc1￿- vKèrage
wa￿ ra￿. vlcarage
Telephone linc MO￿￿1- vKarage
Minor kbric re￿r5- vt(arage
ReP2ir&fixt￿rQ% & 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 (Incl￿ding s31arlÈs,
mployer pensh)Th and Thaty¢nal insuraTh¢¢ ¢OTh¢f1but￿)nsl re£efftd by the key maTha¥ement
PerS￿n￿ 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
Profe￿￿0￿￿1 f￿￿- archkec¢ etc
TelephoDe- church office
Broadband &lax- chvrch Oir￿e
Organ tuning& maintena
Organ repalrs
7,505
8,￿9
900
786
IW7
S,B70
786
1,887
813
2,OHZ
2,337
Main￿anC￿con1r?cts- churth
c￿￿1￿¥ wn¢ra(ts- churth
Cleanin8 church
Fgulpment
Upkeep o15ervKes- Iltsr requr￿leS
FlowÈrslChrisrmA% tr
1,044
1,044
4.279
4.279
3.592
478
3,291
307
3.167
3,167
O￿lCe Staff Exp2nses
O￿lC@ equipment
o￿l¢e eguipment.. renta
orrice equipfflent. maintenancelrepair
Posty
Photocopylw prhiting & sts1￿￿ery
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¢mmts￿un 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- co￿t'd
EXPENDITURES
U￿r￿triCt•d
D8518natÈd
Restricted
1024
2023
Note
IS Church Rep*lrs & M￿n￿n￿nce
Repairs fixtures & fltrlTh8s- ¢hvrch
Fire ￿ting￿l￿er 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
￿s￿on Nun*er.' 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 accum￿￿tEd deprec&ition it I Imuiry 2024
Chay for year
Dlsp¢sal adIUscn￿1i
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 NuTr￿er.. 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 A￿￿tr
129,686
129,596
664,694
1364,894}
529.486
224.547
638,161
1305,0681
5S7,740
curreTrtAS￿￿s
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
cha￿tY 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 theconserv1l￿n 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•r￿ting ￿ City thurchw post-coyid.
I￿> Ihe Ctsricy a 8*ini tocover hall ihe ¢osis Of the parlsh ¢Ura￿ The other half is by the LDF
I￿1) 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