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Financial Statements
of the
Parochial Church Council
of Chipping Barnet
Registered Charity Number 1130743
for the year ended
31 December 2024
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Chairman Revd T D Chapman St Mark's Vicarage 56 Potters Road Barnet ENS SHY Hertfordshire Treasurer Mrs K L Baker 46 Normandy Avenue Barnet Hertfordshire ENS 2JA Independent Examiner Alf Del Basso FCCA
Jones Hunt & Keelings
Chartered Certified Accountants and Chartered Tax Advisors Broad House
1 The Broadway Old Hatfield Hertfordshire AL9 5BG
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Parochial Church Council of Chipping Barnet Contents of the Financial Statements for the Year Ended 31 December 2024
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Trustees’ Annual Report 1 to6
Independent Examiner's Report 7
Statement of Financial. . Activities.. 8
Balance Sheet 9
Notes
to the Financial Statements 10 to 21
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Parochial Church Council of Chipping Barnet Trustees’ Annual Report for the Year Ended 31 December 2024 Registered Charity number 1130743
Reference and Administration Details
Principal Address: The Parish Office, Church House 2 Wood Street enoe Rertordse
Trustees: : The Trustees are as follows: Chairman Revd Tristan Chapman (Rector) Clergy Revd Samuel Rossiter-Peters (St John the Baptist) Revd Cindy Kent (House for Duty Priest St Peter) (Appointed 17 January 2024) Reader Linda Sanders Churchwardens Sharon Butler Stewart Cracknell (Resigned 2 May 2024) Caroline Hay John Hay Roger Kemp Averill Lovatt (Appointed 2 May 2024) Elaine Nichoison (Appointed 2 May 2024) Sue Scott Bruce Stringer (Resigned 2 May 2024) Treasurer Kathleen Lynn Baker Members Iris Auburn Nick Dean Wendy Dowding JacobLaurie KurienLittle (LLW) Maureen Stevens Anna Watkins (Safeguarding Officer) Minutes Secretary Anthony Long and PCC Trustees Independent Examiner Alf Del Basso FCCA Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisors Broad House 1 The Broadway Old Hatfield Hertfordshire AL9 5BG
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Parochial Church Council of Chipping Barnet Parochial Church Council of Chipping Barnet ; Trustees’ Annual Report for the Year Ended 31 December 2024 (continued) Trustees’ Annual Report for the Year Ended 31 December 2024 (continued) Introduction Objectives and Activities The Parochial Church Council (PCC) is registered with the Charity Commission as Charity No. 1130743 and has The trustees confirm that they have had regard for the guidance issued by the Charity Commission on the requirement to ) prepared accounts in accordance with the Statement of Recommended Practice applicable to charities preparing their report on public benefit, In this respect, their objective is to advance the Christian religion in the parishes of the four accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2015). Team churches and in the wider world for the benefit of the public. Structure, Governance and Management Services for Remembrance Sunday were held in the Team Churches, with laying of wreaths at the War Memorials. A | Theand Chippingmie Bamet Team Ministryriais made up of four district.o. churches which. are St John the Baptist, St Mark, St Peter ; Service4 ete St om ne ityi with focal" maty dor vicutenai t,otsthe© localroca MP andtheomen Mayor of Barnet Councils,St Stephen.the BellsTheHill ParochialFund, ChurchBells Hill CouncilBurial ofGround,Chippingthe Bamet’s AccountsCopy Printer Account include thoseand the ofPCCthe fourAccount. DistrictThe ChurchPCC St John —the Baptist is open: every dayP from 9.15 amPeopleto 5 pmpayin’for visitors topeespray, meditate or look around this historic | Account is an account for the day-to-day expenses ofthe Parochial Council and for receiving and paying the Parish Share Grade 11* listed building, It is also open to visitors every Saturday moming. to the Diocese of St Albans and staff salaries. There are three clergy members. Fr Tristan Chapman, Rector, and priest in | : | charge of St Mark’s and St Stephen’s, Fr Sam Rossiter-Peters priest in charge of St John the Baptist and Revd Cindy | At St John the Baptist several schools have used the building for services during the year. Local schools visit the churches ‘ Kent, House for Duty priest at St Peter’s Church who works ona part time basis. for their religious education. The church serves as the ‘sanctuary’ for a local Nursery School in case of an emergency in its own building. The building is also used for hustings before parliamentary elections, and it hosts community discussions as it is the largest building in the area. Safeguarding The PCC has adopted the St Albans Diocesan Safeguarding Policy. All four churches have a Safeguarding Officer and St Stephen’s Mother and Others group, held once a week, is going very well. St John the Baptist also has a thriving. each church has adopted Safeguarding policies for Children and Vulnerable Adults which are reviewed on an annual Toddler Group called Little Saints. basis. DBS checks are carried out on all new volunteers working with children and vulnerable adults. Checks are done The Boys’ Bricade meet weekly at St Mark’s during term time on existing volunteers every three years. All PCC Trustees have completed specified training modules. » e y . ‘ Tangible Fixed Assets 13 Cedar Lawn Avenue, Barnet, was purchased in 1964 by St John the Baptist Church Council. This investment { Committees represents 100% and is held in the name of St Albans Diocesan Board of Finance. This property was sold in early May The Parochial Church Council members are elected at the Annual Parochial Church meeting having been nominated by for £645,000, the proceeds of which have been invested with Lonsdale Wealth Managemen | ; the four District Church Councils at their Annual District meetings held prior to the Annual Parochial Meeting. The PCC investment in St. Peter's vicarage, Arkley from the Bell’s Hill Fund is £15,000 which represented | The Parochial Church Council meets four times each year occasionally preceded by a Standing Committee Meeting if approximatelytf 5.45%Ly of the value of the propertyts at the time] ]it was built] “4 there are any urgent matters to be dealt with. Attendance is usually good with most members attending at least three out of . . i. , the four meetings. The Church halls at St Peter’s Church, Arkley and St Stephen’s Church, Bells Hill were introduced at their insurance value, which has been adopted as the value to be maintained in the accounts under the provisions of FRS102. Each of the District Church Councils holds their own meetings five to seven times a year to discuss and decide on matters : ; relating to the individual churches. The four churches also hold their own Annual District Church Meetings prior to the ki J Main Annual Parochial Church Meeting which must be held before the end of May. Investment po ey . ; ; . . . . ; i It is the PCC’s policy to invest funds, which are not immediately required, in income-producing funds which allow capital | value to be protected. | Treasurers Reserves Policy | The It is PCC policy to try to maintain a balance on free (unrestricted) reserves which equates to at least six months’ treasurers of the four churches are all volunteers. The PCC treasurer prepares the Bells Hill Fund Account, the : unrestricted payments. It is held to smooth out fluctuations in cash flow to meet emergencies. The balance of the free | consolidated Annual Account and Report of the Parochial Church Council. The Administrator prepares the Copy Printer reserves at the year-end was £45,880 which comfortably exceeds the six months’ target, but which cannot be considered Accounts and as part of his administrative duties. The Secretary to the Trustee of Bells Hill Burial Ground prepares the excessive. | accounts for the Burial Ground as part of her duties. Staff : The salaries of the three church vergers are paid by St John the Baptist DCC with a very generous grant from the Hadley Trust. Both the administrators have equal status. Tony Long’s salary is funded 50% by St John the Baptist and 50% by ; the PCC. Olga Kaufman’s salary is paid by drawing down the dividends from The Bells Hill Fund. St John the Baptist hired a Music Director who started work in March this is funded by two generous grants.
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Parochial Church Council of Chipping Barnet Parochial Church Council of Chipping Barnet Trustees’ Annual Report for the Year Ended 31 December 2024 (continued) Trustees’ Annual Report for the Year Ended 31 December 2024 (continued) Financial Review Bells Hill Burial Ground Income The London Borough ofBamet has responsibility for the upkeep of Burial Ground. The Secretary to the Trustee deals Overail, we are still feeling the effects of the cost-of-living crisis with expenditure. The three churches with halls are with all enquiries to do with everyday matters. doing better but still not up to pre Covid levels. The fundraising events have been well supported. Risk Assessment Total Income for the year increased by £23,705 to £481,639 (2023: £457,934). Stewardship giving, collections and The PCC's risk assessment and management policy has again been reviewed during the year as have insurances. The donations totaled £106,860 (2023: £107,210) for the four churches. Income Tax recovered on Gift Aid was £12,313 systems of financial control are considered adequate and any short-term risks are taken into consideration in the (2023: £12,670). St John the Baptist, St Mark and St Peter have joined the Parish Giving Scheme for their stewardship preparation of although the members of the congregation at St Peter are very reluctant to join the scheme. One of the main advantages the annual budget. of this scheme is that the Gift Aid is claimed and paid monthly, meaning less work, for the Stewardship Recorders. The Risks are considered in terms of the wider environment in which the PCC operates. The financial climate, society and its telecoms mast in the tower raised £12,725 at St John the Baptist. All four churches have card readers to receive donations ' attitudes, the natural environment and changes in the law, technology and knowledge will affect the types and impact of andSt John payments.the Baptist received a very generous grant of £16,000 from the Hadley Trust towards the salaries of the Church || the risks which the PCC is exposed to. Vergers whose employment enables this church to be kept open every day during the week. £10,000 each was received ' Regular monitoring and evaluation of the PCC’s Risk Management Policy at senior level takes place on a regular basis to from the Hadley Trust and The City Church Surplus Fund for the salary of the Music Director. A large grant of £26,809 ensure that new risks are addressed as they arise. The Risk Register is presented to the PCC members on a regular basis was also received from the Ravenscroft Charity (Chancel Estate) which covers all utility bills, insurance, organ tuning and and is updated as and when required. The staff team takes responsibility for implementation. There is communication maintenance and cleaning. The Ravenscroft Charity also gave grants to St Mark’s church £1,000 for lighting upgrade, St. with staff at all levels to ensure that individual and group responsibilities are understood and embedded into the culture of Peter’s Church £500 for the cost of extra electricity for running a dehumidifier after a flood in the side chapel and St the PCC. Stephen’s church £1,200 for roof and guttering repairs. St John the Baptist applied for and received a big grant of £75,998 from London Borough of Barnet’s Neighbourhood Community Infrastructure Levy (NCIL) towards the refurbishment of Our process ensures that: the organ. There is £7,000 outstanding on this grant which will be claimed for, once more invoices have been received. : 1. New risks are properly reported and evaluated; 2. Risk aspects of significant new projects are considered as part of project appraisals; ° Income 3. Any significant fai lures of control systems‘are properly reported and actioned; adjacentfrom the church halls of St Mark, St Peter and St Stephen increased from £55,712 to £61,160. Church House, 4. There is an adequate fevel of understan ding of individual responsibilities for both eo Fundraisingto Sttook Johnplace the Baptistat all isfour runchurches by a separateduring charitablethe year. trust.St Mark’s had a Prom Concert in September, a Christmas 5. Anyimplementationfurther actions and required monitoringare ofidentified;the controls systems; Band Concert in December and a flower and scarecrow festival in October and two fetes raising £4,510 in total. St John 6. PCC members consider and review the annual process; the Baptist had many fundraising events, raising £8,563 for the organ refurbishment fund, including a sale in the church = 7. PCC members are provided with relevant and timely interim reports. in August, a preloved sale and on the day of the Street Fair in December served refreshments in the church. St Stephen’s : fundraising events raised £857 and St Peter’s had a few small fundraising events raising a total of £1,434. Expenditure Total expenditure decreased by £74,329 to £411,943 (2023: £486,272) The total Parish Share paid to the Diocese of St Albans was £147,909 (2023: £143,947). £4,696 (2023: £4,054) was given to Charity, this figure includes the subscription to Churches Together for Chipping Barnet and money raised to send to Madagascar for charitabie work. The other main items of expenditure are running costs for the four churches amounting to £34,708 (2023: £33,871) and repairs and maintenance totaling £28,595 (2023: £121,149 which includes new boilers at St John the Baptist, major repairs to the north door at St Peter’s).
Cleaning of St Peter’s vicarage, prior to the arrival of the new vicar amounted £1,594 and utility bills and insurance of 13 Cedar Lawn Avenue in the months leading up to the sale of this property amounted to £2,120. Expenditure on salaries, including pension contributions and wages, for vergers, hall mangers and cleaners, was £38,936. The running costs of the three halls amounted to £17,930. Honoraria to organists, choristers and Director of Music’s salary and pension amounted to £27,849.
In respect of its equity investments, the charity made unrealised gains in the year of £13,500 (2023: £68,033), together with realised gains of £529,967 on the disposal of 13 Cedar Lawn Avenue. The overail surplus for the year was therefore £613,163 (2023: £526,712). The accumulated funds at 31 December 2024 were £2,918,303 (2023: £2,305,140).
The Finance Committee has met twice in the past year and continues in its support of the PCC.
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Properties 13, Cedar Lawn Avenue was sold in May 2024. Page 4 Page 5
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Parochial Church Council of Chipping Barnet Trustees’ Annual Report for the Year Ended 31 December 2024 (continued)
| INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF CHIPPING BARNET
Trustees’ Responsibility Statement
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Independent examiner's report to the trustees of the Parochial Church Council of Chipping Barnet I report to the charity trustees on my examination of the accounts of the Parochial Church Council of Chipping Barnet (the charity) for the year ended 31 December 2024.
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to :
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 201] (‘the 2011 Act).
statements, the trustees are required to : I report in respect of my examination of the charity's accounts carried out under section 145 of the 201] Act and in - select suitable accounting policies and then apply them consistently; i carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section - observe the methods and principles in the Charity SORP; 145(5)(b) of the 201] Act. - make judgements and estimates that are reasonable and prudent; ~ prepare the financial statements on the basis of being a going concern, unless it is inappropriate to presume that the ‘ Independent examiner's statement charity will continue in business. Since the charity’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of The trustees are responsible for keeping keeping proper accounting records which disclose with reasonable accuracy at any time Chartered Certified Accountants, which Certified Accountants, which Accountants, which which is one of one of of the listed listed bodies.
The trustees are responsible for keeping keeping proper accounting records which disclose with reasonable accuracy at any time Chartered Certified Accountants, which Certified Accountants, which Accountants, which which is one of one of of the listed listed bodies. the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also I have completed my my examination. I can confirm that no material matters have come to my my attention in connection with responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and the examination examination giving me cause me cause cause to believe that in any material respect: respect: detection of fraud and other irregularities. ae Vdan[“] 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or Signed a Chairman b A 7 a A Zo “y 5 2. the accounts do not accord with those records; or Revd T D Chapman....... all | Dated 4 Leg, 202) 3.Charities the accounts(Accounts do not and comply Reports) with the applicableRegulations 2008 requirements concerningother than any requirement the form andthat the content accounts of accounts give a set‘true out and infair’ the view which is not a matter considered as part ofan independent examination. Ibehave drawnno in thisconcerns reportand inhave ordercome to enableacross a proper understandingno other matters in connection of the accountswith the to beexamination reached. to which attention should
I have completed my my examination. I can confirm that no material matters have come to my my attention in connection with the examination examination giving me cause me cause cause to believe that in any material respect: respect:
Alf Del Basso FCCA Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisors Broad House ‘ 1 The Broadway : Old Hatfield Hertfordshire, AL9 5BG . Dated: +t MA7 78 wae
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Parochial Church Council of Chipping Barnet Statement of Financial Activities For the year ended 31 December 2024
| Restricted | Unrestricted | Endowment | Designated | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | Funds | 2024 | 2023 | ||
| INCOMEFROM | £ | £ | £ | £ | £ | £ | ||
| Incomingresourcesfromdonors | 2(a) | 119,173 | - | - | - | 119,173 | 119,880 | ; |
| Othervoluntaryincomingresources Incomefrom charitableand ancillary |
2(b) | —_—«185,384 | . | . | . | 185,384 | ‘173,701 | |
| trading | 2c) | 98,707 | 9,318 | - | - | 108,025 | 133,869 | |
| Other ordi . . erordinaryincomingresources Incomefrominvestments TOTAL INCOMING RESOURCES |
xd 2(d) 2(e) |
552 - - - 952 35,055 917 32,533 - 68,505 iii 438,871 10,235 32,533 - 481,639 |
(504) 30,988 437,934 |
|||||
| EXPENDITURE ON | ||||||||
| rants | 3a) | 4,696 | 4,696 | 4,054 | ||||
| Activities directly relatingto thework oftheChurch Fund-raisingandPublicity |
3¢b) 3(c) |
287,832 2,787 |
38,936 - |
- - |
- - |
326,768 2,787 |
413,918 860 |
|
| Churchmanagementand administration : TOTALEXPENDITURE |
3(d) | 24,226 53,466 - - 77,692 67,440 ee 319,541 92,402 - - 411,943 486,272 |
||||||
| NETINCOME/EXPENDITURE : Transfers between fund ransfers between funds |
119,330 ; 17,241 , |
82,16 (82,167) 77,440 , |
32,533 ° 11,391 |
: (106,072) |
6,696 - |
28,338) - |
||
| NET INCOME/EXPENDITURE | ||||||||
| before InvestmentGains | 136,571 | (4,727) | 43,924 | (106,072) | 69,696 | (28,338) | ||
| Unrealised Gains/(Losses)onInvestments Gainsonpropertydisposal |
(1,844) $29,967 |
- - |
15,344 - |
- . |
13,500 529,967 |
68,033 487,017 |
||
| NETMOVEMENTINFUNDS RECONCILIATION OFFUNDS BALANCES BROUGHTFORWARD |
664,694 1,202,713 |
(4,727) 50,607 |
59,268 930,748 |
(106,072) 121,072 |
613,163 2,305,140 |
526,712 1,778,428 |
||
| BALANCESCARRIEDFORWARDAT | AT | |||||||
| 31DECEMBER2024 | 1,867,407 | 45,880 | 990,016 | 15,000 | 2,918,303 | 2,305,140 |
Parochial Church Council of Chipping Barnet Funds of the Charity at 31 December 2024
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Restricted Unrestricted Endowment Designated Total Funds Total Funds
Note Funds Funds Funds Funds 2024 2023
FIXED ASSETS £ £ £ £ £ £
Tangible fixed assets 6 340,054 - - 15,000 355,054 462,009
Tnvestments 4 976,681 . 685,723 . 1,662,404 798,904
A cn ea
i CURRENT ASSETS 1,316,735 = 685,723 15,000 2,017,458 1,260,913
Debtors, prepayments &
accrued income 9 203,624 - 3,571 - 207,195 693,627
Short-term deposits 69,654 6,280 300,722 - 376,656 132,904
Cash at bank & in hand 300,442 52,785 353,227 273,260
573,720 59,065 304,293 - 937,078 1,099,791
LIABILITIES: amounts
falling due in one year 10 (23,048) (13,185) - - (36,233) (55,564)
NET CURRENT ASSETS 550,672 45,880 304,293 - 900,845 1,044,227
TOTAL NET ASSETS 1,867,407rrr45,880 990,016rr 8 8 15,000 2,918,303rr2,305,140
CHARITY FUNDS
Restricted 1,867,407 ; ; . 1,867,407 1,202,713
Endowment - - 990,016 - 990,016 930,748
Unrestricted
General - 45,880 - - 45,880 50,607
Designated S000 15,000 121,072
1,867,407 45,880 990,016 15,000 2,918,303 2,305,140
‘ The financial statements were approved by the Board of Trustees and approved for issue. on ................ and
: signed on its behalfby: wt_ ;
aigg O—fr ant ff, f# gh fe ag
eae Taam JM k Ah Lg
Revd T D Chapman - Chairman 4
KK eakam YYGO
Mrs K L Baker - Treasurer
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Parochial Church Council of Chipping Barnet Notes to the Financia] Statements For the year ended 31 December 2024
- Accounting Policies ; ; ; Basis of preparing the financial statements 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, together with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (‘the SORP). The accounts include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include: the accounts of church groups that owe their: main: affiliationiati to another body nor those that are informal gatherings of church members.
The accounts are prepared under the historical cost convention as modified for the revaluation of fixed assets and investments. The Parochial Church Council of Chipping Barnet constitutes a public benefit entity as defined by FRS 102.
The reporting currency is GBP and all amounts have been rounded to the nearest £.
Legal status of the charity The charity is unincorporated in the UK and is registered with the Charities Commission. Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and freland':
Parochial Church Council of Chipping Barnet Notes to the Financial Statements (continued) For the year ended 31 December 2024 Expenditure (a) Grants Grants and donations are accounted for when paid over, or when the PCC becomes entitled to them. — ; (b) Activities relating to the work of the Church The diocesan quota is accounted for when payable. . . Financial Instruments tanec , , Apart from its investments, the charity only has financial assets and financial liabilities of a kind that qualify i as basic financial instruments. The charity accounts for basic financial instruments on initial recognition as !f per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 | SORP.
Fixed Assets Consecrated land and buildings and movable church furnishing Consecrated and beneficed property is excluded from the accounts by the Charities Act 2011.
No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. FreeholdThe PropertiesPCC maintain the properties in a continued state of sound repair so that the residual value of the property is at least equal to its book value. Having regard to this, it is of the opinion of the PCC that depreciation of the properties would not be material.
(a) the requirements of Section 7 Statement of cash flows; . . (b) the requirement of paragraph 3.17(d); Other fixtures, fittings and office equipment (c) the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)iv), 11.48(b) and Equipment used for church purposes is depreciated on a straight-line basis over a period of 5 years. 11.48(c). , ° , ° , , Individual items of equipment with a purchase price of£2,000 or less are written off when the asset is acquired. The pews aquired across all churches are depreciated over a period, of 40 years. Income (a) Voluntary income and capital sources: . Collections are recognised when received by or on behalf of the PCC. Planned giving receivable Fixed Asset Investment under covenant is recognised only when received. Income Tax recoverable on covenants or Gift Investments are shown in the Balance Sheet at quoted market value at the year end. Aid donations is recognised when the repayment is received. Grants to the PCC are accounted for Stock Whenhen the charityh tit! t to th t, is has b ived or ipt i bable and th . . . amount canine bearmyreliablybas eniiliemenymeasured. 10 ne grant, 18 has osen received oF receipt 18 provable and’ the 3{ No value: is attributed to stocks of Guide Books and similar material for resale. The costs are fully written i off in the year of purchase. (b) Income from investments 7 | . Dividends and interest are accounted for when‘receivable. . Taxation . Lo. The charity is exempt from tax on its charitable activities.
(c) Gains and losses on investments
Realised gains or losses are recognised only when investments are sold. Unrealised gains or losses are accounted for on the revaluation of investments at 31 December.
(d) Accruals and deferred income
Creditors shown in note 10 include independent examiner's fee of £3,120 (2023: 3,120) and deferred income of £16,000 (2023: £16,000). This represents a grant from the Hadley Trust towards the cost of the Church Verger (Keeper) received in advance for the subsequent calendar year.
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(e) Legacies
Legacies are recognised when receipt is probable and the bequest is quantifiable.
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|Parochial|Church|Council|of Chipping Barnet|
|Notes|to|the|Financial|Statements|(continued)|
|For the|year|ended|31|December 2024|
|2. Income|from|StJ|Baptist|StMark|StPeter|StStephen|B.H.B.G|PCC|Copy Printer|Bells|Hill|Total|Total|
|Restricted|Restricted|Restricted|Restricted|Restricted|Unrestricted|Unrestricted|Endowment|Designated|Funds|Funds|
|Funds|Funds|Funds|Funds|Funds|Funds|Funds|Fund|Funds|2024|2023|
|2({a) Incoming|resources|from|donors|
|Planned|giving:|Covenants|12,712|10,898|3,840|4,170|-|-|-|-|-|31,620|33,827|
|Parish|Giving|Scheme|26,378|159|-|-|-|-|-|26,537|25,681|
|Income|tax|recoverable|on|Gift Aid|6,418|3,958|1,937|-|-|-|-|-|12,313|12,670|
|Parish|Giving|Scheme|tax|recovered|6,197|40|-|-|-|-|-|6,237|6,599|
|Collections|(open|plate)|at|all|services|7,463|6,780|1,727|4,325|-|-|-|-|-|20,295|17,140|
|Special|collections|(Funerals, Hymn|books)|2,185|145|-|-|-|-|-|2,330|2,412|
|Other|voluntary donations|8,237|3,239|741|1,500|-|-|-|-|-|13,717|17,476|
|Daytime Church Opening|Donations/Memorial|
|collection|1,112|-|-|-|-|-|-|-|-|1,112|1,404|
|SumUp|Donations|4.937|~|75|-|-|-|-|-|5,012|2,671|
|75,639|25,020|6,582|11,932|-|-|-|-|-|119,173|119,880|
|2(b)|Other|voluntary|incoming|resources|
|Grants|from|the|Chancel|Estate|26,809|1,000|500|1,200|-|-|-|-|-|29,509|60,236|
|Grants|from|other sources|16,000|2,450|-|-|-|-|-|-|-|18,450|31,933|
|Grant|for|director of Music|20,000|-|-|-|-|-|-|-|-|20,000|25,000|
|Organ|refurbishment|(including|grants)|84,563|-|-|-|-|-|-|-|-|84,563|-|
|Legacies|-|25,000|-|-|-|-|-|-|-|25,000|15,069|
|VAT|refund|-|402|659|-|-|-|-|-|-|1,061|32,440|
|Fundraising|-|4,510|1,434|857|-|-|-|-|-|6,801|9,023|
|147,372|33,362|2,593|2,057|-|-|-|-|-|185,384|173,701|
|2(c)|Income|from|charitable &|ancillary|trading|
|Books,|China, Guide|Books,|PC's,|Flower Fund|1,242|-|-|-|-|-|-|-|.|4,242|675|
|Church|hire|including Antenna|in|the|Tower|22,927|-|-|-|-|-|-|-|-|22,927|22,658|
|Catering|and|refreshments|2,396|-|65|-|-|-|-|-|-|2,461|1,074|
|Fees|5,025|1,870|251|975|1,635|-|-|-|-|9,756|14,697|
|Copy printer|account|-|-|-|-|-|-|9,318|-|-|9,318|9,402|
|Church|hall|-|30,888|12,090|18,182|-|-|-|-|-|61,160|55,712|
|Magazine|and|others|433|-|748|-|-|-|-|-|-|1,161|1,048|
|Rent|94|Milton|Avenue &|Cedar Lawn Avenue|-|-|-|-|-|~|-|-|-|-|28,112|
|Deanery|for Administrator's|salary|-|-|-|-|-|-|-|-|-|-|491|
|32,003|32,758|13,154|19,157|1,635|-|9,318|-|-|108,025|133,869|
|Page|12|
|Parochial|Church|Council|of Chipping|Barnet|
|Notes|to|the|Financial|Statements|(continued)|
|For the year|ended|31|December|2024|
|2. Income from|StJ Baptist|St Mark|StPeter|StStephen|B.H.B.G|PCC|= Copy Printer|Bells Hill|Total|Total|
|Restricted|Restricted|Restricted|Restricted|Restricted|Unrestricted|Unrestricted|Endowment|Designated|Funds|Funds|
|Funds|Funds|Funds|Funds|Funds|Funds|Funds|Fund|Funds|2024|2023|
|2(d) Other|ordinary|incoming|resources|
|Miscellaneous|-|$52|-|-|-|-|-|-|-|552|10|
|Miscellaneous|Subsidiary Accounts|-|-|-|-|-|-|-|-|-|-|(514)|
|-|552|-|-|~|-|-|a|-|$52|(504)|
|2{e)|Income|from|investments|
|Dividends|and|interest|2.613|1,849|453|738|3,231|89|Sif|18,609|-|28,093|12,479|
|Investment|interest|26,171|-|-|-|-|317|13,924|-|40,412|18,509|
|28,784|1,849|453|738|3,231|406|51}|32,533|-|68,505|30,988|
|TOTAL INCOME|283,798|93,541|22,782|33,884|4,866|406|9,829|32,533|“|481,639|457,934|
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Page 13
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||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Parochial|Church|Council|of Chipping|Barnet|
|Notes|to|the Financial|Statements|(continued)|
|For the year ended 31|December 2024|
|3. Expenditure on|StJ|Baptist|StMark|StPeter|StStephen|B.HB.G|PCC|Copy|Printer|Bells|Hill|Total|Total|
|Restricted|Restricted|Restricted|Restricted|Restricted|Unrestricted|Unrestricted|Endowment|Designated|Funds|Funds|
|Funds|Funds|Funds|Funds|Funds|Funds|Funds|Fund|Funds|2024|2023|
|3(a} Grants|
|Missionary|and|charitable|giving|126|1,119|971|205|-|-|-|-|-|2,421|978|
|Other|charitable|giving|including|Churches|Together|660|200|-|-|-|-|-|-|-|860|891|
|Miscellaneous|collections|to|Charities|1,415|-|-|-|-|-|-|-|-|1,415|2,185|
|2201|1GIDs—<CTC|(COS|tC~—CSSC“Cs‘“Cs‘“‘“‘(‘ WS!S!O™OC~CTC««I|OS|
|3(b)|Activities|directly|related|to|the work of the|church|
|Parish|Share|TTA0S|30,504|19,000|21,000|-|-|-|-|-|147,909|143,947|
|Clergy &|reader's|expenses|2,215|942|-|829|-|-|-|-|-|3,986|4,425|
|Upkeep|of|13|C|L Ave,|Vicarages|2,120|-|”|-|-|-|-|-|-|2,120|5,476|
|Church|running|expenses|16,611|8,690|6,088|3,319|-|-|-|-|-|34,708|33,871|
|Cleaning|1,887|~|1,594|-|-|-|-|-|-|3,481|3,472|
|Church|maintenance &|repairs|6,215|6,298|2,670|4,572|-|-|-|-|-|19,755|23,333|
|Organ/piano|tuning &|repairs|3,853|-|-|731|-|-|-|-|-|4,584|2,614|
|Major repairs|8,840|-|+|-|-|-|-|-|-|8,840|97,816|
|Insurance|6,533|2,935|2,29]|1,637|-|-|-|-|-|13,396|13,596|
|Church|Vergers'|salaries|-|-|-|-|-|24,032|-|-|-|24,032|18,786|
|Hall Managers|and|Cleaners'|salaries|«|-|-|-|-|14,904|-|-|*|14,904|14,516|
|Contributions Church house/Church|hall|running|costs|-|4,124|240|13,436|-|-|-|-|-|17,800|11,754|
|Church|Hall work|-|-|-|~|-|-|-|-|-|-|8,470|
|Junior Church|and|Young|People|281|-|-|-|-|-|-|-|-|281|91|
|Books,|Library,|Postcards,|China,|Flowers|867|-|-|-|-|-|-|-|-|867|250|
|Magazine|118|-|1,988|-|-|-|-|-|-|2,106|3,232|
|Furniture,|Carpets,|Flags,|Kitchen|Equipment|580|-|-|-|-|-|-|-|-|580|337|
|Other|direct expenditure:|DBF|Fees,|verger|fees|2,889|1,237|-|61]|170|-|-|-|-|4,907|6,848|
|Upkeep of services|2,264|2,327|198|-|ue|-|-|-|-|4,789|8,170|
|Upkeep|of churchyard|65|4271|805|4,44]|7,258|-|-|-|-|16,840|12,031|
|Depreciation|-|883|-|-|-|-|-|~|-|883|883|
|132,743|62,211|34,874|50,576|7,428|38,936|-|-|~|326,768|413.918|
|3(c}|Fund-raising|and|Publicity|
|Cost of fund-raising|801|1,986|.|-|-|-|-|-|-|2,787|860|
|801|1,986|-|-|”|-|-|-|-|2,787|860|
|Page|14|
|Parochial|Church|Council|of Chipping|Barnet|
|Notes|to|the Financial|Statements|(continued)|
|For the|year|ended 31|December|2024|
|3. Expenditure on|StJ Baptist|St Mark|St Peter|StStephen|B.H.B.G|PCC|=|Copy Printer|Bells Hill|Total|Total|
|Restricted|Restricted|Restricted|Restricted|Restricted|Unrestricted|Unrestricted|Endowment|Designated|Funds|Funds|
|Funds|Funds|Funds|Funds|Funds|Funds|Funds|Fund|Funds|2024|2023|
|3(d)|Church|management|and|administration|
|Administrator's|salary|-|-|-|”|-|23,962|-|-|-|23,962|25,340|
|Administration|expenses|4,981|-|942|483|-|862|8,550|-|-|15,818|15,646|
|Fee payable|for Independent Examination|-|-|-|-|-|3,120|-|-|-|3,120|3,120|
|Professional fees|2.786|-|-|-|-|-|-|-|2,786|3,084|
|Bank charges|552|130|-|-|-|139|44|-|-|865|874|
|Honoraria|to|organists|and|choir|8345|2,715|-|-|-|16,789|-|-|-|27,849|15,534|
|Gifts,|Refreshments,|Lunch Club|etc.|2,910|-|382|-|-|-|-|-|-|3,292|1,056|
|Miscellaneous|wedding|refunds|etc|-|2,786|
|19,574|2,845|1,324|483|-|44,872|8,594|-|-|77,692|67,440|
|TOTAL EXPENDITURE|155,319|68,361|37,169|51,264|7,428|83,808|8,594|-|-|411,943|486,272|
|Net Income/(Expenditure)|before|transfers|128,479|25,180|(14,387)|(17,380)|(2,562)|(83,402)|1,235|32,533|-|69,696|(28,338)|
|Transfer|between|funds:-|
|Bells|Hill|Fund|(60,000)|10,000|10,000|10,000|-|-|-|30,000|-|-|-|
|St|John the|Baptist Church|Vergers|salaries|(43,828)|-|-|-|-|43,828|-|~|-|-|-|
|St|Mark's|salaries|-|(10,705)|-|-|-|10,705|-|”|-|-|-|
|Administrator's|salary|-|-|~|-|-|18,609|-|(18,609)|~|-|-|
|St|Stephen's|salaries|Hall|Manager|-|-|-|(4,298)|-|4,298|-|-|-|-|-|
|Transfer of|Cedar Avenue|106,072|-|-|-|-|-|(106,072)|-|-|
|Total|transfers|2,244|(705)|10,000|5,702|~|77,440|-|11,391|(106,072)|-|-|
|Net IncomeExpenditure)|for the|Year|130,723|24,475|(4,387)|(11,678)|(2,562)|(5,962)|1,235|43,924|(106,072)|69,696|(28,338)|
|GainsLosses) on|Investments|(4,744)|1,645|-|-|1,255|-|-|15,344|-|13,500|68,033|
|Gains|on|disposal|of property|529,967|-|-|-|-|-|-|-|-|529,967|487,017|
|Net Movement|in Funds|653,946|26,120|(4,387)|(11,678)|(1,307)|(5,962)|1,235|59,268|(106,072)|613,163|526,712|
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Parochial Church Council of Chipping Barnet Notes to the Financial Statements (continued) For the year ended 31 December 2024 4, Staff and other Costs Staff costs paid during the year were as follows:
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2024 2023
£ £
Wages and Salaries 76,755 61,067
Employer's national insurance - -
Employer's pension 2,932 647
79,687 61,714
—__—
No employee was paid at a rate of£60,000 p.a. or more. The average number of employees during the year was 10
(2023 - 8). No member of the PCC has received any remuneration or reimbursement of expenses.
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Parochial Church Council of Chipping Barnet
Notes to the Financia] Statements (continued)
For the year ended 31 December 2024
7. Fixed Asset Investments
Restricted Endowment
Funds Funds Totals
£ £ £
Market value
At Ist January 2024 128,524 670,380 798,904
Additions 850,000 - 850,000
Revaluations (1,843) 15,343 13,500
— ———. —_—___
At 31st December 2024 976,681 685,723 1,662,404
Net Book Value
At 31st December 2024 976,681 685,723 1,662,404
At 31st December 2023 128,524 670,380 798,904
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5. Support Costs
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2024 2023
£ £
Independent Examiner's fees 3,120 3,120
BT
6. Fixed Assets Freehold FF&E
Property (pews) Total
At Cost or Valuation
At Ist January 2024 427,072 39,170 466,242
Disposals (106,072) (106,072)
At 31st December 2024 321,000 39,170 360,170
Depreciation
Balance b/fwd - 4,233 4,233
Charge for the year - 883 883
rn.|) aaS © oe
Net Book Value
At 31st December 2024 321,000 34,054 355,054
At 31st December 2023 427,072 34,937 462,009
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All freehold houses are stated at cost. All houses are well maintained and in view of this and the strength of the property market in the area, no impairment provision has been made in the accounts. The Church Halls were valued at £206,000 and £100,000 for St Stephen’s and St Peter’s respectively when introduced to the accounts in accordance with the Church Accounting Regulations in 1997. No depreciation has been provided in these halls, © which continue in use. No value has been attributed to St Mark’s church hall since it is integral to the church building. During the year 13 Cedar Avenue was sold at a market value of £645,000.
| Investments at the year-end |
have | been | revalued | in | accordance | with the |
Charities | Statement of |
|---|---|---|---|---|---|---|---|---|
| Recommended Practice. | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| CBF InvestmentFund | 1,638,720 | 775,914 | ||||||
| CBFFixed Interest SecuritiesFund | 23,684 | 22,990 | ||||||
| 1,662,404 | 798,904 | |||||||
| 8.Material ItemsonSOFA | ||||||||
| The net gain/(loss} on investments and | shortterm | term deposits | are noted as | below: | ||||
| 2024 | 2023 | |||||||
| Unrealised gains on fairvalue changes Realised gains onproperty disposal Netgainoninvestment |
ofinvestments | £ 13,500 529,967 “543,467 |
£ 68,033 487,017 555,050 |
|||||
| 9. Debtors | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Other debtors | 3,571 | 3,260 | ||||||
| Amounts held by StAlbansDBF | 127,973 | 615,946 | ||||||
| Prepayments and accrued income | 75,651 | 74,421 | ||||||
| 207,195 | 693,627 ve |
|||||||
| 10. Creditors | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Accruals and deferred income | 32,302 | 22,302 | ||||||
| Creditors forgoods and services | 3,931 | 3,262 | ||||||
| AmountsowedtoChancelEstates | - | 30,000 | ||||||
| __36,233 | ~__55,564_ |
| iH
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Parochial Church|Council|of Chipping|Barnet|
|Notes|to|the|Financia!|Statements|(continued)|
|For the year ended 31 December 2024|
|11. Movement in Funds|
|Net|Transfers|
|At|movements|between|At|
|01.01.2024|in|funds|funds|31.12.2024|
|£|£|£|£|
|Unrestricted|funds|
|PCC|18,934|(83,402)|77,440|12,972|
|Copy|Printer|31,673|1,235|-|32,908|
|Restricted|funds|
|St John|the|Baptist|538,979|653,702|2,244|1,194,927|
|St Peters|159,883|(14,387)|10,000|155,496|
|St|Stephens|268,764|(17,380)|5,702|257,085|
|Bells Hill|Burial Ground|119,994|(1,307)|-|118,687|
|Endowment|funds|
|Bells|Hill|Endowment Fund|930,748|47,877|11,391|990,016|
|Designated|funds|
|Designated|funds|121,072|-|(106,072)|15,000|
|ieee|
|Total Funds|2305,140|813,163|18,503|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expensed|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|PCC|406|(83,808)|-|(83,402)|
|Copy Printer|9,829|(8,594)|-|1,235|
|Restricted|funds|
|St John|the|Baptist|283,798|(155,319)|§25,223|653,702|
|St Marks|93,54]|(68,361)|1,645|26,825|
|St Peters|22,782|(37,169)|-|(14,387)|
|St Stephens|33,884|(31,264)|-|(17,380)|
|Bells|Hill|Burial Ground|4,866|(7,428)|1,255|(1,307)|
|Endowment|funds|
|Bells|Hill|Endowment|Fund|32,533|-|15,344|47,877|
|Designated|funds|
|Designated|funds|-|-|-|.|
|i|
|Total Funds|—__481,639_|(411,943)|543,467|613,163|
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Parochial Church Council of Chipping Barnet Notes to the Financia] Statements (continued) For the year ended 31 December 2024 11. Movement in Funds - continued
==> picture [465 x 588] intentionally omitted <==
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|||||||||
|---|---|---|---|---|---|---|---|
|Comparatives for the movement|in funds|
|Net|Transfers|
|At|movements|between|At|
|01.01.2023|in funds|funds|31.12.2023|
|£|£|£|£|
|Unrestricted|funds|
|PCC|17,593|(56,457)|57,798|18,934|
|Copy Printer|30,033|1,640|:|31,673|
|St John|the Baptist|130,281|352,453|56,243|538,979|
|St Marks|116,224|(757)|(373)|115,093|
|St Peters|162,957|(13,074)|10,000|159,883|
|St|Stephens|267,232|(4,447)|5,980|268,764|
|Bells|Hill|Burial|Ground|113,328|6,666|-|119,994|
|Endowment|funds|
|Bells|Hill|Endowment Fund|777,530|81,360|71,858|930,748|
|Designated|funds|
|Designated|funds|163,251|159,328|(201,506)|121,073|
|Total|Funds|1,778,430|526,711|-|2,305,140|
|Comparative|net movement|in|funds,|included|in the above|are|as follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expensed|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|PCC|14,538|(70,995)|-|(56,457)|
|Copy|Printer|9,797|(8,157)|-|1,640|
|Restricted|funds|
|St John|the|Baptist|253,216|(228,972)|328,209|352,453|
|St Marks|68,038|(73,943)|5,148|(757)|
|St Peters|38,851|(51,925)|-|(13,074)|
|St|Stephens|42,205|(46,652)|-|(4,447)|
|Bells Hill|Burial|Ground|7,577|(5,628)|4,717|6,666|
|Endowment|funds|
|.|Bells Hill Endowment|Fund|23,712|-|57,648|81,360|
|Designated|funds|
|Designated|funds|-|.|159,328|159,328|
|Total|Funds|457,934|(486,272)|555,050|526,711|
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| | | | | | | {
Parochial Church Council of Chipping Barnet Notes to the Financial Statements (continued) For the year ended 31 December 2024
Parochial Church Council of Chipping Barnet Notes to the Financial Statements (continued) For the year ended 31 December 2024
11. Movement in Funds - continued
12. Funds
Restricted funds included within the assets of the Parochial Church Council consist of funds for restricted purposes and funds restricted for the use by particular churches within the team. Transfers from the PCCrestricted Administrator.fundsrestricted Administrator.funds Administrator.fundsfunds to the the unrestricted fund represented contributions to the costs of the Church Vergers the Church Vergers Church Vergers Vergers and Endowment funds funds consist of Grave of Grave Grave Trusts relating to Bells Bells Hill Burial Ground Ground and the Bells Hill Fund. Fund. ; ; Ca Unrestricted funds include certain funds, which have been designated by individual churches or the Parochial Church Council Church Council Council for particular purposes. particular purposes. purposes.
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|||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|A|current year|12 months and prior year|12 months|combined|position|is|as|follows:|purposes|and|funds|restricted|for|the|use|by|particular|churches|within|the|team.|Transfers|from|the|
|Net|Transfers|PCCrestricted Administrator.fundsrestricted Administrator.funds Administrator.fundsfunds|to the the|unrestricted|fund|represented|contributions|to|the|costs|of the Church Vergers the Church Vergers Church Vergers Vergers|and|
|At|movements|between|At|
|01.01.2023|in|funds|funds|31.12.2024|Endowment funds funds|consist of Grave of Grave Grave|Trusts|relating|to Bells Bells|Hill|Burial Ground Ground|and|the|Bells|Hill Fund. Fund.|
|£|£|£|£|;|;|Ca|
|Unrestricted|funds|Unrestricted|funds|include|certain|funds,|which|have|been|designated|by|individual|churches|or|the|
|PCC|17,593|(139,859)|135,238|12,972|Parochial Church Council Church Council Council|for particular purposes. particular purposes. purposes.|
|Copy Printer|30,033|2,875|-|32,908|13.|Bells|Hill|Fund|
|Restricted|funds|This|fund was|established|in|1987|following|the|sale of the unused|portion|of Bells|Hill|Burial|Ground.|It|is|
|St John the Baptist|130.281|1.006.155|58 487|1.194.923|held by the Diocesan Board of Finance|on behalf of the PCC, which|is responsible|for|its|administration|and|
|St Marks|116,224|26,068|(1,078)|141,214|keeps the division of|funds between Investment and Deposit Accounts under review.|
|St Peters|162,957|(27,461)|20,000|155,496|14.5|Fund|
|St Stephens|267,232|(21,827)|11,682|257,087|Statement|of|Funds|.|oo,|
|Bells|Hill|Burial Ground|113.328|5 359|.|118.687|Fund|movements|comprising|income|and expenditure|for the|charity’s|individual|funds|are|shown|in|notes|2|
|°|,|,|and|3|to|the|financial|statements.|The|analysis|of net|assets|between|funds|is|shown|in the|balance|sheet.|
|Endowment|funds|
|Bells|Hill|Endowment Fund|977,530|129,237|83,249|990,016|15. Funds|Transfer|
|Funds|for|the|Parish|Share|are|transferred|from|each|of the|four|churches|to|the|PCC|account|in|order|to|be|
|Designated|funds|paid|to|the|Diocese|of|St|Albans.|The|PCC|is|the|legal|body|and|it|is|felt|that|this|is|the|easiest|way|to|
|Designated|funds|163,251|159,328|(307,578)|15,000|manage|these|funds.|Similarly,|payments|for|the|Church|Vergers’|and|the|Administrator’s|salaries|are|
|Total Funds|778,430|—~T139.875|————__|3.918,303|transferred|from|St|John|the|Baptist|Account|so|that|income|tax|and NICs|can|be|paid|to|the HMRC|and|
|Sa|EEE|EEE|Se|pension|contributions|paid to|our pensions|provider.|
|A|current|year|12|months|and prior|year|12|months|combined|net movement|in|funds,|included|in|the|16. Grants|
|above are|as|follows:|An amount totalling|£3,281|(2023|-|£1,869)|has|been given|away|to various|charities|by|St John|the|Baptist,|
|Incomin|Resources|Gains|and|Movement|St Mark,|St|Peter|and|St|Stephen.|This|includes|subscriptions|to|Churches|Together|for|Chipping|Barnet,|
|is|.|money raised for charities through|fundraising|events and collections|at funerals.|
|resources|expensed|losses|in|funds|
|Unrestricted.|funds|£|£|f|There17.|Contingent were|no|contingent Liabilitiesliabilities|at the|beginning|or the end|of the|year.|
|PCC|14,944|(154,803)|-|(139,859)|
|Copy|Printer|19,626|(16,751)|-|2,875|18.|Related|Party|Transaction|
|,|During|the|year|the|Honorary|Treasurer|received|remuneration|£532|(2023|-|£715)|as|Secretary|to|the|
|Restricted funds|Trustee|of|Bells Hill Burial Ground.|
|St|John|the|Baptist|537,014|(384,291)|853,432|1,006,155|
|St Marks|161,579|(142,304)|6,793|26,068|19.|Financial|commitments|
|, nae|vc|oes|ero|°|Seon|At the year end,|the|Charity had contracted|but not provided|for|in the|accounts|for the refubishment|of|the|
|t|Step rens|?|(97,916)|.|(21,827)|organ|at|St|John's|Baptist|church|for|an|amount|of £91,000,|consist of total|contracted|amount|of £165,000|
|Bells|Hill|Burial Ground|12,443|(13,056)|5,972|5,359|less £74,000|deposits|paid|
|Endowment|funds|
|Bells|Hill] Endowment|Fund|56,245|-|72,992|129,237|
|Designated|funds|
|Designated|funds|-|-|159,328|159,328|
|Total Funds|939,573|(898,215)|1,098,517|1,139,875|
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