The Parochial Church Council of the Parish of Acton, St Mary’s & All Saints, London
Charity Number 1130252
ANNUAL REPORT and FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the year ended 31st December 2024
Incumbent
The Reverend Prebendary Joseph Fernandes The Rectory, 14 Cumberland Park, London, W3 6SX
Bank
Barclays Bank, Wembley & Park Royal Branch, sort code 20-92-60 account no. 30116521
Independent Examiner
Mr Stephen Hendy Data Developments Creative Industries Centre, Wolverhampton Science Park, Glaisher Drive, Wolverhampton, WV10 9TG
1. Aims and Purpose
St Mary’s and All Saints, Acton, which is part of the Diocese of London within the Church of England, has the responsibility of co-operating with the Incumbent, the Reverend Prebendary Joseph Fernandes, in promoting the ecclesiastical parish, and the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St Mary's Church, St Mary's Church Hall, All Saints Church Centre, 1A St Dunstan's Avenue, and the Rectory.
2. Parochial Church Council (PCC) 2024
Appointments are for 3 years for PCC Members and up to 6 years for Churchwardens.
Ex officio members:
| The Revd Preb Joseph Fernandes | Rector since 2023 |
|---|---|
| The Revd Dean ayres | Assistant Rector since 2016 |
| Lara Hill | Churchwarden elected 2022 |
| Elisabeth Santos | Churchwarden elected 2024 |
| Florence Dore | Deanery Synod member elected 2022 |
| Lara Hill | Deanery Synod member elected 2022 |
Elected members:
| Elected members: | |
|---|---|
| Margaret MacNeill | Elected 2022 |
| James Everett | Elected 2022 |
| Yvonne Kisiedu | Elected 2022 |
| Margaret Butler | Resigned |
| Peter Allen | Elected 2023 |
| Stephen Hansen | Elected 2023 |
| Bert Routledge | Elected 2024 |
| Christina Mede | Elected 2024 |
| Maggie Futcher | Elected 2024 |
| Leanne Peacock | Co-opted 2024 |
| KhaleelahJones | Co-opted 2024 |
3. Statement of Responsibilities of the Members (Trustees) of the Parochial Church Council (PCC)
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 as amended, the Charity (Accounts and Reports) Regulations 2008, the Church Accounting Regulations 2006 together with the current Charities SORP (Statement of Recommended Practice): Financial Reporting Standard (FRS) 102, 2[nd] edition, 2019; and the Parochial Church
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Council Powers Measures 1956. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees (PCC members acting collectively) are responsible to prepare the Trustees’ Annual Report and financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period, in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and in compliance with guidance from the Charity Commission. observe the methods and principles in the Charity Commission’s current Statement of Recommended Practice for Charities (SORP) and the Commission’s requirement to prepare accounts that are ‘true and fair.
The process for the appointment of PCC members is set out in the Church Representation Rules. Elected members are appointed for 3 years. The membership of the PCC consists of the Rector, the Associate Rector, the Curate, the churchwardens, Deanery synod members, up to 12 elected members and 2 co-opted members. Elected members are elected by those on the electoral roll, and all those who attend services on a regular basis are encouraged to join the electoral roll and to stand for election. During the year the Council met 8 times, plus the APCM.
The PCC operates through two subcommittees:
Standing Committee
This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the Council. The Standing Committee oversees the finances of the PCC. The committee includes the Rector, Assistant Rector, Assistant Curate, Churchwardens, Treasurer, PCC Secretary, and one elected PCC member.
Finance Committee
The Finance Committee is a sub-committee of the Parochial Church Council (PCC) and currently sits alongside Standing Committee. Its main responsibilities are to ensure that the Church’s income and expenditure are being administered properly and to advise the PCC on any financial policy or operational matter.
The Committee prepares the Annual Budget and recommends it to the full PCC for consideration and adoption. The Finance Committee meets several times per annum and a finance report prepared by the Treasurer is considered at each meeting along with requests for funding that have not been included in the original budget below £500. The Finance Committee does consider requests for funding above £500 but can only make a recommendation to the Standing Committee or PCC for approval.
4. Objectives and Activities of the PCC
PCC members are responsible for making decisions on all matters of general concern and importance to the parish including decisions and the expenditure of PCC funds.
The PCC is committed to enabling as many people as possible to worship at St Mary’s and to become part of the parish community. The PCC maintains an overview of worship, makes suggestions about how services can involve people and is consulted on any planned special services or changes to our regular
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pattern of worship. The services and worship put faith into practice through prayer and scripture, music and sacraments.
When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit, especially the supplementary guidance on charities for the advancement of religion. We try to enable people to live out their faith as part of our parish community through:
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Worship and prayer, learning about the gospel and developing their relationship with Jesus Christ
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Provision of pastoral care for people living in the parish, including visiting housebound parishioners, those in hospitals and visits to nursing homes within the parish
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Mission and outreach work, including support of the Ealing Foodbank, for which we are a collection point and the plans to participate in the Ealing Churches Winter Night Shelter next year. The hall at St Mary's is also let regularly to community groups, and the hall space at All Saints is currently let to a private nursery and a free church group.
5. Worship and Discipleship
Worship in St Mary's has followed the pattern of 8am Holy Communion (Book of Common Prayer) and 10.30 Sung Eucharist (Common Worship) on Sundays and 11am said Communion service on the first Thursday of each month.
All Saints has not reopened for worship.
Morning prayer has continued during the year, Tuesday - Thursday on Zoom. A Christian meditation group (open to all) meets on Thursdays at 8pm in the church.
There was a service on Maundy Thursday. On Good Friday, the church was open for stations of the cross reflections with a one hour and a half service from 1:30pm of readings, reflections, hymns, veneration of the cross, holy communion and silence. There was an Easter Vigil on Saturday night.
Our Christmas services were better attended than the previous year. There were services of nine lessons and carols and Midnight Mass. On Christmas Day we had the 8am said service and family worship at 10.30am.
We continue to look at ways of working more closely with other churches in Acton.
Work with children has re-started with an Intergenerational service once a month and junior church every Sunday. With the arrival of Mthr Jeanny as a training curate in the summer of 2024. She brings a wealth of experience in Godly play, and we look forward to further developments.
6. Occasional offices
There were 32 baptisms conducted during the year. Three congregation members were confirmed at St Mary’s by Bishop Lusa, the Bishop of Willesden, in October.
- 12 funerals were conducted either in church, or at the local crematoriums and
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cemeteries.
There were no weddings during the year however banns continue to be called for couples resident in the parish and marrying elsewhere.
7. Report on the Fabric, Goods and Ornaments 2024
Rectory
The vacancy was not kind to the rectory and garden in terms of upkeep, which means it needs further work. The PCC has agreed to do much needed redecoration.
Church
A firework came through one of the church windows during a PCC meeting in 2023. The repairs were carried out in January 2024. There were some other small holes in the windows, and they have also been repaired. The repair to the stained glass window in a stained glass window near the altar in the St Andrews chapel, in the north aisle, has been initiated but not completed.
The drainpipe at the top of the tower was blocked and this was causing rain to run down the wall. There was also a blockage in the gulley lower down which was also causing the ingress of water into the church. Both these blockages have been cleared but will need to be check when there has been heavy rain.
There was an occasional problem with the clock when it chimed an incorrect number. There was also a problem when the clock chimed all night. This has now been rectified. A Wi-Fi hub has been installed but waiting for a faculty to have a wired wi-fi system throughout the building.
An electronic entry door system was installed, in order to facilitate access to the building
The Rector’s board has been updated with Fr Joseph’s name.
Churchyard
McLaren Team cleared the churchyard, which made a huge difference to the overall appearance.
The partial demolition of the churchyard wall by the developers of the flats in the High Street, still has not been resolved.
There is a continuing problem with rubbish being thrown into the churchyard. Although the Council is responsible for cutting the grass in the churchyard, as well as the Burial Ground in Churchfield Road, this doesn’t seem to be done very regularly, and therefore the PCC made the decision to use the services of a local gardener to maintain it.
Boiler House
The boilers needed maintenance work, which has now been carried out. There was some damage crated by rats. They were not properly installed originally, which means it has shortened their working life, and could be looking to replace them in the next 5 years.
Churchfield Road Burial Ground
There has not been further damage to headstones and the council seems to be looking after it, reasonably well.
Church Sitting.
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There was good news here, with two new church sitters joining the church sitting team for 2 days a week.
Quinquennial Survey
The quinquennial survey took place, and several recommendations made. Overall positive, but as expected, some areas need attention.
All Saints Church
Still waiting for the outcome of a faculty to find a location to place the War Memorials and Vicars’ board from the old All Saints Church at St Mary’s.
Pest Control
The new pest controller company seems to be on top of things, but it is an impossible job, particularly as there is an ever-increasing accumulation of rubbish between the wall in the churchyard and the block of flats, by the church hall.
Church Halls
Ed has already undertaken a considerable number of repairs and redecoration, including the small hall, parish office, kitchen and toilets, but there is still a way to go, as not much had been done since they were first built in the 1990’s. Both halls still need further redecorating, and this is being looked into.
Lara Hill and Elisabeth Santos, Churchwardens
8. Rector’s Report
It would be an understatement to say that 2024 has been a busy year, but also equally fruitful.
Lara Hill continued to serve faithfully as Churchwarden alongside Alan McCallum until the APCM in May 2024, when Elisabeth Santos joined Lara in the role.
This year has brought both endings and new beginnings. Fr Dean Ayres continued his secondment in the deanery, and in June, we said an emotional farewell to Mthr Mary Spreadbury after 15 years of dedicated service at St Mary’s. Her departure marked the end of an era. That same month, we celebrated the ordination of Mthr Jeanny as deacon at a beautiful service in St Paul’s Cathedral. She began her curacy with us shortly after. In July, we welcomed Fr Christopher Henley as our new SSM Assistant Vicar. Appointed by Bishop Lusa, Fr Christopher brings a wealth of ministerial wisdom and experience.
In September, our long-serving Parish Administrator, Janet Cooker, retired after many years of loyal service and deep knowledge of parish life. We are grateful for all she gave in that vital role. Erika Cule briefly succeeded her, but the position remains vacant as we end the year—making the run-up to Christmas particularly challenging, with me having to cover the parish office.
The publication of the Makin Report in 2024 also brought to light historical safeguarding failings at St Mary’s. In response, our Parish Safeguarding Officer, Margaret CraigMacNeill, has gone above and beyond in implementing robust new safeguarding measures and addressing significant gaps in our records. We are deeply thankful for her outstanding work in helping to ensure that St Mary’s is—and remains—a safe place for all.
Encouragingly, attendance at our Sunday services has been steadily growing, and we have
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welcomed many new faces into the congregation.
Looking ahead, one of our major priorities must be to stabilise our financial position. Prior to the pandemic, we were heavily reliant on hall rental income and lacked a proactive strategy. This has had a lasting impact on our finances. As a parish, we need to consider how we can increase our giving—both of time and financial resources—and think strategically about the use and hire of our halls and church. We also need to explore how our building can better serve the needs of both the community and the congregation.
One significant development has been the PCC’s decision to lease the entire All Saints building to the Ark Academy Trust on a full repairing lease, enabling them to open a new nursery.
Our involvement with Citizens UK has grown significantly, and the ministry team has been participating in the Organising for Growth course, run in partnership with the Centre for Theology and Community.
The challenge for 2025 is to continue discerning how St Mary’s can truly become the spiritual heart of this parish—discovering more deeply who God is calling us to be, and what God is calling us to do in this place. We must be faithful stewards of the resources we have, both spiritual and material. Whether you’ve been here for decades or just a few weeks, you are part of the present and the future of St Mary’s. Each of us is called to pray, to share the good news, to worship, and to play our part in the life of this parish. Everyone has a place in God’s economy. Everyone is valued, recognised, and loved by God.
We need to continue growing in discipleship and ministry, so that we may grow both spiritually and numerically, and joyfully share in God’s mission to Acton.
It hasn’t always been plain sailing since I began my ministry here—but we have come a long way. I’m incredibly proud of the progress we’ve made together.
Thank you to all who serve, support, and belong to this church community. Your commitment, presence, and faith are deeply appreciated.
Fr Joseph Fernandes
9. Finance Report - Year ended 31[st] December 2024
Total Income for the year was £202,003 which was £42,956 (27% ahead of budget and £25,627 (14.5%) ahead of the mid-year forecast (11%). Planned giving, collections and donations were on Budget are £48,500. All Saints rental income was £3,655 ahead of budget and Church Hall lettings were £8,857 ahead of budget. Telecom Mast brought in £12.894 more income than expected but there was a cost to this which is reflected in the increased utility bills. Interest on our investment fund amounted to £14,812 which was not budgeted. Toward the end of the year the PCC together with its Director of Music started a series of music events which brought in £1,406.
Total Expenditure was £86,457 (56%) up on budget, and £29,683 (14%) ahead of the midyear forecast. By far the largest variance was on repairs and maintenance of the church hall and church, following years of lack of investment. Repairs amounted to £67,439 which was £58,439 up on budget and £24,948 ahead of forecast. Legal fees were £3,884 ahead of budget due to issues on the All Saints lease, Music was £4,663 up on budget following the PCC’s decision to invest in the Music of Church life, and costs for our rental property 1A St Dunstan’s Avenue were £4,451 ahead of budget due to a series of repairs required to be
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made and replacement kitchen goods. Utility bills were £9,391 ahead of budget.
The net shortfall for 2024 was £39,326 compared to the budgeted shortfall of £4,175 and the mid-year forecast of £35,270.
The Budget for 2025 reflects further necessary investment in the fabric of the Church and Church Hall.
10. St Mary's Church Hall
The hall was let to several local groups during the year and although we still have vacant slots rental income is returning to pre-pandemic levels. We continue to offer charities and community groups reduced rates for use. Under the responsibly of our Parish Administrator, we are starting to take a much more commercial approach to maximise income
11. All Saints Church Centre
The building has been let to a nursery during the week and a free church on Sundays throughout the year.
12. Pastoral care
Members of the church community, who are unable to attend church either because they are unwell or have become housebound, are visited and taken Holy Communion on a regular basis. We also remember them in prayer each Sunday.
Nursing and Retirement homes in the parish are regularly visited by clergy. Members of the church community in hospital are also visited.
A weekly mailing is emailed to all those on the church mailing list and clergy are always willing to meet or have a phone or video call with any congregation members over pastoral matters.
13. Mission, Evangelism and Outreach
There is a strong commitment by the clergy and PCC for St Mary's to be an open and welcoming community for everyone in the parish and for those outside the parish who wish to attend our services and activities.
The Associate Rector is on the governing bodies of a local school and visits regularly to take assemblies when possible.
The Rector is an ex-officio trustee of Acton Charities which gives grants primarily for the relief of need in respect of Acton residents and small educational grants. The annual civic service took place in February when we welcomed the mayor and councilors along with the local MP and the Deputy Lord Lieutenant and gave thanks for their work. Fr Joseph was the preacher at the service.
St Mary's continues to be a drop off point for Ealing Foodbank and to support other local charities including Acton Homeless Concern.
The parish magazine, The Acorn, after many years of faithful editing by Alan McCallum, is no longer being produced. The parish's website, Facebook, Instagram and A Church Near You page are regularly updated.
14. Safeguarding
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Parish of Acton – Safeguarding Report for APCM
The Parish of Acton remains committed to ensuring the safety and well-being of all, particularly children and vulnerable adults. We continue to align our practices with the Church of England’s Safeguarding Policy and Practice Guidance. Safeguarding is a standing agenda item at each PCC meeting, including an update on our progress via the Parish Safeguarding Dashboard. The PCC upholds its duty to have due regard to the House of Bishops’ guidance on safeguarding.
Parish Safeguarding Officer (PSO):
Margaret MacNeill was appointed as the Parish Safeguarding Officer on 18 September 2023. Margaret has completed all required safeguarding training for the role. She also serves as Lead Recruiter and manages the administration and monitoring of DBS checks.
Policy Adoption and Compliance:
The PCC has formally adopted Promoting a Safer Church as our Parish Safeguarding Policy. In December 2023, the PCC also adopted Section 7 of the Parish Safeguarding Handbook as our procedure for responding to safeguarding concerns and allegations. This commitment is reviewed annually, most recently in October 2024.
In April 2024, the PCC adopted a safeguarding policy for the recruitment of exoffenders, following the diocesan model. At the same meeting, our Church Activities involving children and vulnerable adults (currently Junior Church and Pastoral Visiting) were formally added to the Safeguarding Dashboard.
Volunteer Screening and Training:
Seven Junior Church volunteers have completed enhanced DBS checks and commenced their roles. In October 2024, the PCC adopted the Diocesan Code of Safer Working Practice as our standard for lone working and appropriate conduct with children and vulnerable adults. All volunteers are required to read and sign this document. Our Volunteer Agreement was reviewed and updated in November 2024.
PCC members and churchwardens are aware of their safeguarding training requirements, and training is currently being scheduled.
Safeguarding Concerns:
Three new safeguarding concerns were reported to the PSO in the past year. All were managed in accordance with guidance from the Parish Safeguarding Handbook. The PSO also responded to diocesan queries relating to historic safeguarding matters, ensuring due process was followed.
Safeguarding Priorities for the Coming Year:
Our primary safeguarding goal for the coming year is to ensure that all PCC members and parishioners involved in ministry with children and vulnerable adults have up-to-date safeguarding training. This includes the newly required module on recognising and responding to domestic abuse.
Margaret MacNeill Parish Safeguarding Officer Date: 9 April 2025
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15. Junior Church
2024: A Year of Growth and Creativity
Junior Church has seen exciting growth in 2024. One of the most significant developments has been the improved access to high-quality resources, both in terms of materials and space. Although moved into a smaller room, previously the choir vestry, and now the Junior Church room, the change has actually fostered a more intimate and focused environment for learning and creativity.
Under the thoughtful leadership of Elisabeth Santos, Sasha, and Mthr Jeanny, Junior Church has also seen a shift in how sessions are led. Parents are now more involved than ever, taking greater ownership of the sessions they help lead. This shared responsibility has created a stronger sense of community and collaboration, enriching the experience for both children and adults.
Thanks to a well-stocked collection of art supplies and the introduction of Godly Play materials, children are now able to explore Bible stories in a hands-on, imaginative way. These tools have opened up new possibilities for storytelling and creative responses to Scripture, allowing children to engage more deeply with their faith.
Looking ahead to 2025, we hope to continue building on this strong foundation—nurturing creativity, deepening faith, and strengthening the bonds between children, families, and the wider church community.
16. Administrative information
Name: Parish of Acton (known as St Mary's and All Saints) Address: 1 The Mount, Acton, London W3 9NW Telephone: 020 8993 0422 Email. Stmary.acton@outlook.com Website: www.stmaryacton.org.uk Facebook: https://www.facebook.com/stmarychurchacton Instagram: https://www.instagram.com/stmarysacton/
Approved by the PCC on ………………………….. 2025 and signed on it’s behalf by:
………………………………. …………………………….
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Independent Examiner’s report to the trustees/members of The PCC of St Mary’s, Acton, London Registered charity number: 1130252
I report on the accounts for the year ended 31[st] December 2024 which are set out on the following pages.
Respective responsibilities of the Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility
-
to examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the with the accounting records
I 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: 11[th] April 2025 Stephen Hendy. Data Developments (UK) Ltd, Fryer Street, Wolverhampton WV1 1HT
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The PCC of St Mary’s, Acton Financial Statements for the year ended 31 December 2024
Accounting Policies
The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102).
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
There may be minor discrepancies in the totals as the pence are not being shown.
Cashflow Statement
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000.
Going Concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
Accounting Estimates and Prior Year Errors
No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period.
Description of Funds
Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report.
Restricted funds comprise of two elements:
a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest
b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
Income
Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
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Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan common fund is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Governance and Support Costs
Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage.
Fixed Assets
Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial.
1 St Dunstan’s Avenue was purchased in 2017 and the value is £937,552.
The Office block and Hall was valued at costs in 1996 and remains at that value of £923,732.
Office rent deposit (£10,000) is held solely in the COIF deposit account. Interest earned will be transferred to the tenants.
The value of All Saints building was taken from St Peter’s Acton accounts, at the time of transfer in 2016.
Equipment used within the Church premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.
Investments
Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received.
Creditors and Accruals
Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date.
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The PCC of St Mary’s, Acton Financial Statements for the year ended 31 December 2024
Statement of Financial Activites
| Statement of Financial Activites | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds |
Designated funds |
Restricted funds |
Endowment funds |
Total funds |
Prior year total funds |
|
| Incoming resources | ||||||
| Incoming resources from generated funds | - | - |
- |
- |
- |
- |
| 1. Voluntary income | 48,543 | - |
- |
- |
48,543 |
57,013 |
| 2. Activities for generating funds | 16,411 | - |
1,783 |
- |
18,194 |
13,663 |
| 3. Investment income | 81,326 | - |
1,968 |
- |
83,295 |
63,080 |
| Incoming resources from charitable activities | - | - |
- |
- |
- |
- |
| 4. Incoming resources from charitable activities | 27,933 | - |
- |
- |
27,933 |
22,332 |
| Other incoming resources | 110 | - |
- |
- |
110 |
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| 5. Other incoming resources | 27,894 | - |
- |
- |
27,894 |
15,125 |
| Total income | 202,217 | - |
3,751 |
- |
205,969 |
171,224 |
| Resources used | ||||||
| Costs of generating funds | - | - |
- |
- |
- |
- |
| 16. Costs of generating voluntary income | 476 | - |
- |
- |
476 |
608 |
| 17. Fundraising trading: cost of goods sold and other c |
- | - |
628 |
- |
628 |
- |
| 18. Investment management costs | - | - |
110 |
- |
110 |
11 |
| Charitable activities | 845 | - |
- |
- |
845 |
2,397 |
| 19. Charitable activities | 215,969 | 18,482 |
3,701 |
- |
238,152 |
183,672 |
| Governance costs | - | - |
- |
- |
- |
- |
| 20. Governance costs | - | - |
- |
- |
- |
- |
| Other resources used | - | - |
- |
- |
- |
- |
| 21. Other resources used | 353 | - |
- | - | 353 | 368 |
| Total expenditure | 217,643 | 18,482 |
4,439 |
- |
240,565 |
187,056 |
| Net income / (expenditure) resources before transfer |
(15,426) | (18,482) |
(688) |
- |
(34,596) |
(15,832) |
| Transfers | ||||||
| Gross transfers funds - in | 174,583 | 3,331,576 | 2 | - | 3,506,160 | 25,070 |
| Gross transfers funds - out | (1,958,292) | (1,087,568) | (460,300) | - | (3,506,160) | (25,070) |
| Other recognised gains / losses | ||||||
| Gains/losses on investment assets | 526 | - |
(526) |
- |
- |
- |
| Gains on revaluation, fixed assets, charity's | ||||||
| - | - |
- |
- |
- |
- |
|
| own use | ||||||
| Net movement in funds | (1,798,608) | 2,225,525 |
(461,513) |
- |
(34,596) |
(15,832) |
| Reconciliation of funds | ||||||
| Total funds brought forward | 1,910,664 | 304,321 |
469,976 |
- |
2,684,962 | 2,700,794 |
| Total funds carried forward | 112,056 | 2,529,847 |
8,464 |
- |
2,650,366 | 2,684,962 |
14
Represented by
| Unrestricted | |||||
|---|---|---|---|---|---|
| General fund | 112,056 | - | - - | 112,056 | 1,910,664 |
| Designated | |||||
| All Saints Des | - | - | - - | - | 1 |
| Church Building Fund Designated | - | - | - - | - | 61,774 |
| Fixed Asset Fund | - | 2,295,893 | - - | 2,295,893 | - |
| Legacy Fund | - | 233,190 | - - | 233,190 | 242,547 |
| St Dunstans | - | 763 | - - | 763 | - |
| Restricted | |||||
| Agency collection | - | - | - - | - | 526 |
| All Saints | - | - | - - | - | - |
| Bell Fund | - | - | - - | - | 0 |
| Books | - | - | - - | - | 0 |
| Church Building Fund | - | - | - - | - | 12,001 |
| Citizens UK | - | - | - - | - | - |
| Clery Fees | - | - | - - | - | - |
| Gound & Notice Board Funds | - | - | - - | - | 7,200 |
| Improve Security (Goldsmith) | - | - | - - | - | 1 |
| Interest on deposit for Office and Derwentwater | - | - | (15) - | (15) | 95 |
| Music Fund | - | - | 1,155 - | 1,155 | - |
| New Projects | - | - | 4,246 - | 4,246 | 4,246 |
| Night Shelter | - | - | - - | - | (1) |
| Office Rent Deposit | - | - | - - | - | - |
| Refurbish Boilers | - | - | - - | - | (1) |
| Rent from 39 Derwentwater | - | - | - - | - | - |
| Revaluation reserves | - | - | - - | - | 434,969 |
| School Fund | - | - | 468 - | 468 | 468 |
| St Dunstans | - | - | - - | - | 2,496 |
| Standing Tall Fund | - | - | 2,610 - | 2,610 | 2,610 |
| Youth Work Fund | - | - | - - | - | 5,366 |
15
Balance Sheet (Summary)
| Balance Sheet (Summary) | |
|---|---|
| As at 31/12/2024 As at 31/12/2023 |
|
| Fixed assets Tangible Assets Social investments (programme related) Current assets Cash At Bank And In Hand Liabilities Creditors: Amounts Falling Due In One Year Net current assets less current liabilities Total assets less current liabilities Liabilities Provision For Liabilities After One Year Total net assets less liabilities Represented by Unrestricted Unrestricted - General Funds Designated Designated - All Saints Des Designated - Church Building Fund Designated Designated - Fixed Asset Fund Designated - Legacy Fund Designated - St Dunstans Restricted Restricted - Agency collection Restricted - Bell Fund Restricted - Books Restricted - Church Building Fund Restricted - Gound & Notice Board Funds Restricted - Improve Security (Goldsmith) Restricted - Interest on deposit for Office and Derwentwater Restricted - Music Fund Restricted - New Projects Restricted - Night Shelter Restricted - Refurbish Boilers Restricted - Revaluation reserves Restricted - School Fund Restricted - St Dunstans Restricted - Standing Tall Fund Restricted - Youth Work Fund Endowment Fund Totals |
1,487,167 1,472,523 823,372 823,372 |
| 2,310,539 2,295,895 352,952 407,091 |
|
| 352,952 407,091 (148) 4,861 |
|
| (148) 4,861 |
|
| 353,100 **402,230 ** |
|
| 2,663,640 2,698,125 13,274 13,164 13,274 **13,164 ** |
|
| 2,650,366 2,684,962 112,056 1,910,664 - 1 - 61,774 2,295,893 - 233,190 242,547 763 - - 526 - 0 - 0 - 12,001 - 7,200 - 1 (15) 95 1,155 - 4,246 4,246 - (1) - (1) - 434,969 468 468 - 2,496 2,610 2,610 - 5,366 |
|
| 2,650,366 2,684,962 |
16
Statement of Assets and Liabilities (by code)
| Class and nominal code | General | Designated | Restricted | Endowment | Total |
Last year |
|---|---|---|---|---|---|---|
| Fixed Asset - Social investments (programme related) | ||||||
STM201: Office Block |
- | 823,372 | - | - | 823,372 |
823,372 |
| Total | - | 823,372 | - | - | 823,372 |
823,372 |
| Fixed Asset - Tangible Assets | ||||||
STM200A: 1 A St Dunstan's Avenue |
- | 937,552 | - | - | 937,552 |
937,552 |
| STM201A: Hall | - | 100,000 | - | - | 100,000 |
100,000 |
| STM201AS: All Saints Church Centre | - | 434,969 | - | - | 434,969 |
434,969 |
| STM202: Office Equipment | 1 | - | - | - | 1 |
1 |
| STM203: Fixture and Fittings | 1 | - | - | - | 1 |
1 |
| STM204: Piano | - | 14,644 | - | - | 14,644 | - |
| Total | 2 | 1,487,165 | - | - | 1,487,167 | 1,472,523 |
| Current Asset - Cash At Bank And In Hand | ||||||
6501: Current Account |
174,110 | (187,751) | 37,190 | - | 23,549 |
93,963 |
| 6502: Special Account (Note 1) | 10,186 | - | 11 | - | 10,197 |
10,011 |
| 6503: Central Deposit | (69,122) | 407,060 | (18,732) | - | 319,207 |
303,118 |
| Total | 115,174 | 219,309 | 18,470 | - | 352,952 |
407,091 |
| Liability - Agency Accounts | ||||||
6699: Agency collections |
- | - | (148) | - | (148) |
4,861 |
| Total | - | - | (148) | - | (148) |
4,861 |
| Liability - Provision For Liabilities After One Year | ||||||
STM399: Deposit Held Office Block Rent (Note 1) |
3,120 | - | 10,154 | - | 13,274 |
13,164 |
| Total |
3,120 | - | 10,154 | - | 13,274 |
13,164 |
| Net total assets | 112,056 | 2,529,847 | **8,464 ** | - | **2,650,366 ** | **2,684,962 ** |
| Represented by | ||||||
General (Unrestricted) |
112,056 | - | - | - | 112,056 |
1,910,664 |
| Designated - ALSAI | - | - | - | - | - |
1 |
| Designated - CBFdes | - | - | - | - | - |
61,774 |
| Designated - Fixed asset | - | 2,295,893 | - | - | 2,295,893 | - |
| Designated - LEGACY | - | 233,190 | - | - | 233,190 |
242,547 |
| Designated - STD | - | 763 | - | - | 763 |
- |
| Restricted - BL | - | - | - | - | - |
0 |
| Restricted - BOOK | - | - | - | - | - |
0 |
| Restricted - CBF | - | - | - | - | - |
12,001 |
| Restricted - GNBF | - | - | - | - | - |
7,200 |
| Restricted - Heating | - | - | - | - | - |
(1) |
| Restricted - INT | - | - | (15) | - | (15) |
95 |
| Restricted - Music | - | - | 1,155 | - | 1,155 |
- |
| Restricted - None | - | - | - | - | - |
526 |
| Restricted - NP | - | - | 4,246 | - | 4,246 |
4,246 |
| Restricted - NS | - | - | - | - | - |
(1) |
| Restricted - SC | - | - | 468 | - | 468 |
468 |
| Restricted - Security | - | - | - | - | - |
1 |
| Restricted - STD | - | - | - | - | - |
2,496 |
| Restricted - STF | - | - | 2,610 | - | 2,610 |
2,610 |
| Restricted - YWF | - | - | - | - | - |
5,366 |
| Restricted - ZReval | - | - | - | - | - | 434,969 |
| Total | 112,056 | 2,529,847 | 8,464 | - | 2,650,366 | 2,684,962 |
17
| Fund movement summary | Fund movement summary | ||||||
|---|---|---|---|---|---|---|---|
| Fund | Opening | Incoming | Outgoing | Transfers | Gains/Losses | Journals | Closing |
| ALSAI | |||||||
| Designated | 1 | - | - | (1) | - | - | - |
| Sub-totals | 1 | - | - | (1) | - | - | - |
| BL | |||||||
| Restricted | 0 | - | - | (0) | - | - | - |
| Sub-totals | 0 | - | - | (0) | - | - | - |
| BOOK | |||||||
| Restricted | 0 | - | - | (0) | - | - | - |
| Sub-totals | 0 | - | - | (0) | - | - | - |
| CBFdes | |||||||
| Designated | 61,774 | - | 9,126 | (52,648) | - | - | - |
| Sub-totals | 61,774 | - | 9,126 | (52,648) | - | - | - |
| Fixed asset | |||||||
| Designated | - | - | - | 2,295,893 | - | - | 2,295,893 |
| Sub-totals | - | - | - | 2,295,893 | - | - | 2,295,893 |
| Heating | |||||||
| Restricted | (1) | - | - | 1 | - | - | - |
| Sub-totals | (1) | - | - | 1 | - | - | - |
| INT | |||||||
| Restricted | 95 | - | 110 | - | - | - | (15) |
| Sub-totals | 95 | - | 110 | - | - | - | (15) |
| LEGACY | |||||||
| Designated | 242,547 | - | 9,357 | - | - | - | 233,190 |
| Sub-totals | 242,547 | - | 9,357 | - | - | - | 233,190 |
| Music | |||||||
| Restricted | - | 1,783 | 628 | - | - | - | 1,155 |
| Sub-totals | - | 1,783 | 628 | - | - | - | 1,155 |
| NP | |||||||
| Restricted | 4,246 | - | - | - | - | - | 4,246 |
| Sub-totals | 4,246 | - | - | - | - | - | 4,246 |
| SC | |||||||
| Restricted | 468 | - | - | - | - | - | 468 |
| Sub-totals | 468 | - | - | - | - | - | 468 |
| Security | |||||||
| Restricted | 1 | - | - | (1) | - | - | - |
| Sub-totals | 1 | - | - | (1) | - | - | - |
| STD | |||||||
| Designated | - | - | - | 763 | - | - | 763 |
| Restricted | 2,496 | 1,968 | 3,701 | (763) | - | - | - |
| Sub-totals | 2,496 | 1,968 | 3,701 | - | - | - | 763 |
| YWF | |||||||
| Restricted | 5,366 | - | - | (5,366) | - | - | - |
| Sub-totals | 5,366 | - | - | (5,366) | - | - | - |
18
| GNBF | ||||||||
|---|---|---|---|---|---|---|---|---|
| Restricted | 7,200 | - | - | (7,200) | - | - | - | |
| Sub-totals | 7,200 | - | - | (7,200) | - | - | - | |
| ZReval | ||||||||
| Restricted | 434,969 | - | - | (434,969) | - | - | - | |
| Sub-totals | 434,969 | - | - | (434,969) | - | - | - | |
| CBF | ||||||||
| Restricted | 12,001 | - | - | (12,001) | - | - | - | |
| Sub-totals | 12,001 | - | - | (12,001) | - | - | - | |
| General | ||||||||
| Unrestricted | 1,910,664 | 202,217 | 217,643 | (1,783,709) | - | 526 | 112,056 | |
| Sub-totals | 1,910,664 | 202,217 | 217,643 | (1,783,709) | - | 526 | 112,056 | |
| None | ||||||||
| Restricted | 526 | - | - | - | - | (526) | - | |
| Sub-totals | 526 | - | - | - | - | (526) | - | |
| STF | ||||||||
| Restricted | 2,610 | - | - | - | - | - | 2,610 | |
| Sub-totals | 2,610 | - | - | - | - | - | 2,610 | |
| NS | ||||||||
| Restricted | (1) | - | - | 1 | - | - | - | |
| Sub-totals | (1) | - | - | 1 | - | - | - | |
| Totals | 2,684,962 | 205,969 | 240,565 | - | - | - | 2,650,366 |
19
Analysis of income and expenditure
| Analysis of income and expenditure | ||||||
|---|---|---|---|---|---|---|
| Total | ||||||
| Unrestricted | Designated | Restricted | Endowment | This year |
Last year |
|
| INCOMING RESOURCES | ||||||
| Incoming resources from generated funds | ||||||
| 0101 - Monthly Coventant Std Order | 23,812 | - |
- |
- |
23,812 | 25,402 |
| 0102 - PGS Donations | - | - |
- |
- |
- | - |
| 0110 - Members Gift Aid | 494 | - |
- |
- |
494 | 107 |
| 0201 - Memb Other Planned Giving | 1,552 | - |
- |
- |
1,552 | 2,239 |
| 0301 - Collections All Services | 9,135 | - |
- |
- |
9,135 | 7,998 |
| 0410 - Candles | 188 | - |
- |
- |
188 | 536 |
| 0550 - Donations | 4,504 | - |
- |
- |
4,504 | 13,056 |
| 0551 - Friends of St Mary,s | - | - |
- |
- |
- | - |
| 0553 - Gift Days | - | - |
- |
- |
- | - |
| 0601 - Income Tax Recovery | 8,859 | - |
- |
- |
8,859 | 7,674 |
| 0602 - Tax Recovered PGS Giving | - | - |
- |
- |
- | - |
| 0710 - Legacies | - | - |
- |
- |
- | - |
| 09STM07 - Flowers | - | - |
- |
- |
- | - |
| 0910 - Fund Raising Events | 456 | - |
377 |
- |
833 | 1,026 |
| 0911 - Music Events Income | - | - |
1,406 |
- |
1,406 | - |
| 0912 - Community Choir | - | - |
- |
- |
- | - |
| 1250 - All Saints Hire | 15,955 | - |
- |
- |
15,955 | 12,637 |
| STM35 - Misc | - | - |
- |
- |
- | - |
| 1020 - Interest | 18,667 | - |
- |
- |
18,667 | 7,921 |
| 1030 - Rent From 1A Saint Dunstans | 22,659 | - |
1,968 |
- |
24,628 | 24,742 |
| 10STM028 - Rent 39 Derwentwater | - | - |
- |
- |
- | - |
| 1255 - Office Rent | 40,000 | - |
- | - | 40,000 | 30,417 |
| Incoming resources from generated funds Totals |
146,280 |
- |
3,751 |
- |
150,032 | 133,756 |
| Incoming resources from charitable activities | ||||||
| 1101 - Wedding & Funeral Fees | 1,077 | - |
- |
- |
1,077 | 641 |
| 1230 - Church Hall Letting | 26,857 | - |
- |
- |
26,857 | 21,691 |
| 1240 - COCIN Hire | - | - |
- |
- |
- | - |
| 1258 - Goods Sale | - | - |
- |
- |
- | - |
| 1260 - Magazine | - | - |
- |
- |
- | - |
| Incoming resources from charitable activities Totals |
27,933 |
- |
- |
- |
27,933 | 22,332 |
| Other incoming resources | ||||||
| 08A1 - One Off Grants | - | - |
- |
- |
- | - |
| 1035 - Net Coverage Phone Mast | 27,894 | - |
- |
- |
27,894 | 14,475 |
| 1259 - Advertising | - | - |
- |
- |
- | - |
| 1310 - Insurance Claims | - | - |
- |
- |
- | 650 |
| 13STM016 - Barclay Fire Door | - | - |
- |
- |
- | - |
| 13STM033 - VAT Return | - | - |
- |
- |
- | - |
| 13STM651 - HMRC Furlough Grant | - | - |
- |
- |
- | - |
| 1022 - Deposit & Interst for Office Block | 110 | - |
- |
- |
110 | 11 |
| Other incoming resources Totals | 28,004 | - |
- | - | 28,004 | 15,136 |
| Incoming resources Grand totals | 202,217 |
- |
**3,751 ** |
- |
205,969 | 171,224 |
20
RESOURCES USED
| Costs of generating funds 0915 - Social EventsFund Raising 1720 - Costs of stewardship 17STM026E - Costs Re New Priest Serv &150 Service 2321 - Community Choir 1732 - Music Events Expenses 2335 - Office rent deposit 19STM050E - Night Shelter Exp Not Refundable to St M 23STM008E - Re Change of Tennant Rent Ex Costs of generating funds Totals Charitable activities 1801 - Charitable Giving 1802 - Night Shelter 1803 - Citizens UK 18STM001AE - Church overseas 18STM001BE - Relief and Develop. 18STM001CE - Home Missions 1901 - Common Fund 19STM038E - Youth Worker Salary 2045 - Book Keeping 2050 - Salaries (incl. NIC) 2055 - Junior Church 2060 - School Fund 20STM022 - Advert for Recruitment in Church Times 20STM023E - Stewardship Costs 2101 - Ministry 2102 - Working Expenses 2141 - Clery Res. Houses Running 2142 - Rectory/Cur. Houses Rep. 21STM34E - Sequestration 2301 - Insurance 2314 - Office Equipment 2315 - Telephone & Broadband 2319 - Organist Fee/Music 2320 - Organ Restoration 2330 - Church Repair/Maintenance 2334 - Church Running Costs 2337 - Church/Hall Repairs/Maintenance 2338 - Church/Hall Joint Running Cost 2339 - Domestic Purchases All Areas 2340 - Upkeep of Service 2341 - Out Reach 2356 - Notice Board 2361 - Subscriptions 2362 - Office Block Running Costs 2363 - Others 2364 - Print/Postage/Stat. 23STM014E - Costs Re Purchase of 1A St Dunstans Ave 23STM100E - Cost of Selling 39 Derwentwater Road 2401 - Church Electricity 2410 - Church Gas 2420 - Water 24STM36E - Utility Bills 2510 - Book Purchases 2520 - All Saints Electricity 2540 - All Saints Gas 2545 - Mast Electricity 2560 - Hall Repairs/Maintenance 2570 - Hall Running Costs 25STM027AE - Hall Decorating 2602 - Legal & Professional 26STM015E - Restorat. New Doors 2840 - Running Cost of 1A St Dunstans Ave 1804 - All Saints 19STM036E - Standing Tall Charitable activities Totals |
274 - - - 274 608 92 - - - 92 - - - - - - - 110 - - - 110 - - - 628 - 628 - - - 110 - 110 11 - - - - - - - - - - - - 476 - 738 - 1,214 618 1,000 - - - 1,000 2,000 - - - - - - 3,413 - - - 3,413 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,350 - - - 1,350 - 16,652 - - - 16,652 15,754 - - - - - 31 - - - - - - - - - - - - - - - - - - 57,775 - - - 57,775 58,177 4,405 - - - 4,405 5,038 601 - - - 601 1,255 - - - - - 3,289 - - - - - (338) 11,791 - - - 11,791 10,674 662 1,809 - - 2,471 1,094 - - - - - - 7,553 - - - 7,553 2,987 261 - - - 261 - 3,997 8,466 - - 12,463 15,592 2,685 - - - 2,685 4,044 37,038 8,208 - - 45,246 1,059 8,694 - - - 8,694 3,351 3,256 - - - 3,256 5,317 2,563 - - - 2,563 1,419 - - - - - - - - - - - - 1,740 - - - 1,740 1,522 - - - - - - 139 - - - 139 - 3,244 - - - 3,244 1,377 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 36,391 - - - 36,391 28,044 59 - - - 59 - - - - - - - - - - - - - - - - - - - 1,036 - - - 1,036 5,808 2,030 - - - 2,030 5,100 - - - - - - 5,884 - - - 5,884 9,920 - - - - - - 1,750 - 3,701 - 5,451 1,159 845 - - - 845 2,397 - - - - - - 216,814 18,482 3,701 - 238,997 186,069 |
|---|---|
21
| Governance costs Governance costs Totals Other resources used 2365 - Bank Charges Other resources used Totals Resources used Grand totals |
- - - - - - 353 - - - 353 368 353 - - - 353 368 217,643 18,482 4,439 - 240,565 187,056 |
|---|---|
22