Holy Trinity T SH T._)¢l S. Silas KENTISH TOWN PARISH OF STSILASTHE MARTYR HOLYTRINITYWITH ST BARNABAS Charlty Reglstratlon no. 1131736 Annual Roport & Accounts 31 December 2024 S. SiL8s Presbytery. 11 S. Sllas PL8ce. Kentish Town, London NW5 3QP Independent Examiner Thomas Middleton
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report and Financial Statements 2024 Contents Pag• Legal and &lmlnlstrallve Infom7ation R•port ofth• Pwochlal Cnl 1ndapffjdt Examln•r'• r•porttotha Parochld thurch Coundl StatUnl of Ilnandal actlvlil Bolanc•Jh••t Not•• totho t1nm¢ldstat•mts
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Legal and Administrative Information For the year ended 31 December 2024 Charlty Nam• Pori8h of St Si18¥ the Martyr & Holy Trinity wEth St Barnabas Prlnclpal Addre88 S. Slias Pr8sbytery, 11 S. Silas P18ce, Kentish Town. London NW5 3QP Charlty Registratlon nd 1131736. The PCC was reOstorèd with th8 Charity Commission on 22 Sept¢mb¢r 2009. Govornlng DuMent Parochial Church Council Powers Me88ure 119561 as amend8d and Church Representation RulÉ¥, ObJoctlv•8 ParochialChur¢h Council of St SiL88 the Martyi & HolyTrinity with St Barnabas hastP responsiblllty of cooperatlng wlth the Incumbent of St Si188 the Martyr & Holy Trinity wSth St Barnabas, the Revd PhIlp Corbett. In promoting in the ecclesiastical pari the whole mi8$lon of the church, pa8toral. evangekn8tic, soc181 and ecumenical. M•mb•r• ofth• PCC PCC members who 8erved durln8 2024 orwere servlng at the date thSs report was approved wer8.. Clgrgi The Revd Philknp Corbett IVIc8r & Chair from July20241 Wardens M8 Lesley Goddard Mrs Mailene Anodu Mr Peter Hodgman Mr Jonathan Bowman Deanery Synod Representatives Mr Matthew Lee Mrs Coreen Hamed Elected member8 Mrs Arabella Murr8y Mr Richard Hostings IChalrm8n of the PCC to May 20241 Mrs Joyce BBrnett Mr John Linge Mrs Patricla Sharpe Mr Rlchard Goddard Ms Pauline Chisholm MS Sophle Stlnson K•y Man•g•m•nt P•r•onn•l Th08e In Gharge of plannln& direGtlng, controLilng. runnlng end oper8tlni the Charltv. to whom the trustees have delegated slgnlficant 8Uthority orre8pon8lblbty in the day- to4&y running of the charity, are the Vicar, member8 of the Standing Committee. Bank•r¥ CAF Bank Independent Examln•r Thomas Middleton
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report of the Parochial Church Council For the year ended 31 December 2024 Parish of St Silas the Martyr & Holy Trinity with St Barnabas I'the PCC"I submits its report andthe financialstatements the PCCfortheyearended31 December 2024. Thefin8ncialstatementshave beenprepared intheformatprescrlbedty the Statement of Recommended Practice: Accounting and Reporting by Charities ISORP2019 IFRS1011. The legal arKI administrative information set out earkn'er in this document form8 part of thi8 report. 1. Struetur•. Gov•rnane• & Manag•m•nt 1.1 Trustee• Th8 PCC meets approximately 6 times per annum to discuss a full range ot matters, both operational end Strategic, reL8ting to fin8nc8, fabric. gener81 administration and the missionlministries of the church. The PCC also ha8 respon$iblllty for keeplng the Electoral Roll. Members of the PCC are either ex officio or elected bythe Annual Parochial Church Meetings IAPCMI In accordance with the Church Representation Rules 2021. The method of 8ppolntment of PCC members Is set out in the Church Repre5entstion Rules. All those b8Ptlsed and believers who consider them861ves part of the church family are encouraged to register on the Electoral Roll. 1.2 Church Att•ndan¢• The Electoral Roll revised in preparation for the 2025 Annual P8rochlal Church Meetlng IAPCMI In May 2025 compri*d 81 members. Atthe end of 2024, 8verage attend8n¢e w88 75 8dult8 8nd 31 children. 1.3 R18k Mon8gem•nt The PCC'3 prlmary Goncem and obleGtlve l¥ the glory of God. WhlLJt It la the PCC'S poll¢y to trust wholly In ih? Lord that He will work out HIS purpose to thls end, the PCC a180 acknOedge3 that it ha3 a responsiblilty, both 88 indNidual members and a$ a body of members, for the identiflcation and proper management of ri3k$ ta¢ed by the church In achieving its primary aim. The PCC has therefore assessed the major rfsks to which the church 18 exposed. in particular th088 relating to the specific operational areas of the charity, its inve8tment8 and it8 finances. The PCC believesthat, ty monltorlng income. expenditure and reserve levels, by ensuring that controls exSst over key financial systems, and by examiningthe oper8tionalri8k$ fec8d by the PCC. it has èstablished effective 8y8tem8 end procedures to mitigate those risks. 2. Actlvltl•• & Strat41•8 In preparing thi8 Report, the PCC hag compbed with the duty in 88Ction 4 of the Charitl8$Act 2006to have due regard to publlc benefit guidance publi8hed by the Charity Commlsgion and have sought to demonstrate that the PCC provides Identlflgblg bongfity whieh relAt8 dlrBctly to Its Blmg Bnd whlch outW8lqh 8nv tJotent181 detrlm8nt or harm. Further. tr benefits are publicly av8iLBble to 8118nd are not in any way restricted to those able to pay. Any private benafits to members of the PCC are incidental. To th1$ end the PCC or8anlse8 the following actlvltles In order to enable ordlnary p8ople to [e out thelr felth 88 part of our parish communlty.. Sunday Sgrvicgs19.30om. 11am, 6pm) Mo85 on at le88t 5 day8 excludingsundays most weeks Pilgrimages Times for study and reflection Working with young people Bnd families through our school Support of other charities locally, nationally and internationally 3. R•vl•w 0fth•Yr The fir8t part of 2024 continued In interregnum, and we are gr8teful to our churchwardens and team of cler8y who 8UPPOrted the parish duringthis tlme. In Julywe welcomed Fr Philip Corbett 88 our incumbgnt.
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report of the Parochial Church Council For the year ended 31 December 2024 Holy Trinlty The Eeneraland focused upkeep of the building has contlnuedto ensure that it is safe for use by both the congregation and school. We continua our close links with HolyTrinity and St Silas Primary Schoolwith congregBtion members geNing as PCC Govemors and assisting in the life of th6 school. This is one of the primary works in our mission and leads to a number of pastoral inteTOCtions with school families and Local residences. We continued to h08t school masse activities and worship in the church. 8nd the use of the church halleontinue8to be primarlly 8s a spacefor school lunche¥ and other8¢tlvities. Ourmain worship tsk85 place on Sunday momings and this Masscontlnuesto focu8 on families with child friendly homily and children taking a leading role in worship. The voluntsry choir continuegto sing le8 A month and at each M8SS there is a cantor to 8SSlSt in worship. The PCC continue8 to consider ways in which to improve the accessto the site and renovate the southwest corner of the church and how thls mlght be used formisslon and mlnlstry. The parlsh now h88 a newweb$ite, and this is b8ingweLt used as a way to make contact with people. St. Slia8 The worshipping Lif8 of S. Sila$ has continued to grow following on from the Covld restrlctlons. We contlnued our CLO links with Catholic Soci8tl8s and welcomed again the Society of Mary for their May Devotion. This 18 8 greet plece of outre8chforthe parish and 8 public witness. The Solemn Mag$es on Sunday continue to be the main focu8 of our lif8 and worship and this 1$ augmentedby our profa$gionalchoirwho 8ingon most Sundaysand FeastDay8during the year. We continue to caTe forthe church bullding and to ensure thatlt 1$ kept In a suitable $tate of care for wor8hip. We ar8 gratef to ali those who giv8 of their time to this work. We contlnue to host community groups in the church hall and are Considering ways to Improve and augment these f8¢liltl85. Through charitable givlng we support Mary's Meals and the Camden Foodbank. The ¢ongregarion also made piigrlmage to th8 Shrin8 of Our Lady of Waisingham. A new parish w8b8lt8 and Facebookpagè have helpod us in our outreach. In con¢lu8lonthe PCCth8nk88llwho hav8worked 80 hard in our mi88ion and outreach in the 88rvice of our parish 88 we seek to proclaim the Good New8 of the Gospel In our community. Qulnqu•nnla( The Lost quinquennlal report for St. Sllas wa8 in 2020 and for Holy Trinity in 2021 and identif18d 80me Items for addr which are being worked through in order of priority. Saf•guardlng R6rdingthe PCC'sobisgationBtO 8afeguard chlldren andvulnerable adults. the membersofthe PCC confirmthatthvl hava complied with their duties undersection 5 of the Safeguardingand Cl8r8y Discipline Mea8ure 2016. Sophie Stinson. Ar8bella Murray and Le81ey Goddard continue to be the named PSO8 for St. Slias & Holy Trinity. Safeguarding training contlnuedto be completed bymembers ofthe PCC, The ParishSafeguardlngDa8hboard will be used by Sophie Stinson golngforward to ensure compliance with saf eguardingguidelines. The webglte continuesto dlspLay safeguardingcontsct det8ils as required. These details are a180 dlsplayed around th8 church bulldlng alongslde other Important 8afegu8rdlng det8iL8. Fln•n¢l•l RffiA•w The Ghurch's main sources of funding are the free VAII offerlngg and donatlons of church members. and investment income from the letting of church properties. 4.1 Financlal Actlvlty and FlnancS81 Posltlon The Statement of Financi81 Activities and Balance Sheet can be found on page3 7 and 8 respectively. The Charity'$ re8eNe8 increased by É38,677 during the year12023- incre88ed by É11,3141. The b818nce sheet shows total net asset8 of E1.816,97012023: £1.778.2931. Included in tot81 funds are amounts totalling £25,45018t 31 December2023:1£2.55Olwhlch are restricted fund8. These monies have elther been raised for. and their use restricted to, specific purpo8&s, or they compytse grants subject to grantor imposed conditions. Full details of the86 re8tricted funds can be found in note 9t0 the accountstogetherwith an analysis of movements in the year. 4.2 Re¥erv•s Pollcy
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report of the Parochial Church Council For the year ended 31 December 2024 The PCC h88 examined the requirements for free reserves. i.e. those unrestricted funds not invested in tangible f ixed assets. The PCC considers that, given the nature of the church's work, free Teserves should be equivalent to approximately4 month's routine generalfund expenditure. plus committed future expendlture on other projects, where funds permit. The PCC is of the opinion thatthis provides 5ufficientfLexibiiityto ¢overtemporary Shortfalls in income a1 will allow th8 church to cope and respond to unforeseen emergencies whilst specific 8Ction plans are Implemented. At 310ecember 2024 the ¢hurch had netfree reseNes of £745.08812023: £735,843) as follow9: 2024 2023 Tot¥l ro••rv•• Less: restrlcted funds 1,815,638 {25.450) 1,778.293 {1,042,450} Fr•0 r•••rv•• 1,790.088 735,843 Freo r••orv•$ r¢qulr•m•nt: 6 month's budgeted routln8 expendlture 75,000 75,000 The PCC 18 aware that the free re8erv88 is in exce88 of th8 free re8eNes requirement. The PCC is currently considerl other projects and budgetlng in ways In which parity can be restored betsveen Iree re8eNe8 and the free reserve8 r$qLtirèmant. B. A••pon•lbllltl•• of Tru•tM• far th• Flnancl•l St•t•m•nt• The PCC 18 responsible for preparSng the report and the fln8nclal statements In 8ccord8n¢e with applicable law 8nd Unitad Kingdom GenerallyAccepted AccountingPractice, Chority18w in England and Wales requiresthe PCC to prepare financial Statemonts for each fin8nci81 year which give a true and fair view of the state of affalrs of the PCC and of tl income and application of income of the charfty tor that period. In preparlngthose fln8nci813tatements, the PCC Is requlr8d to: Select suitable accounting policies and apply them consistently; obsèrve the methods and principles of the Charities SORP makeludgement8 and estimates that are rea8on8bLe 8nd prudent; state ¥¥hether applicable accounting stand4rdJ have been followed, aublect to eny departures dSsclo8ed arKI explalned in the flnancial statements; and Prepare the lingncio18tatemant$ on th8 goingconcern ba818 unless It Is inapproprlate to presume thAtthe actlvltle8 of the ¢hOty WIU continue. The PCC is responsible for keeplng adequate 8ccounting records whlch di8cLose with re8son8ble 8ccuracy at any tir th8 fln8nci81 posltion of the charity and enables them to ensure that the financiglstatements comply wth the Charltle8 Act2011, the Charity (Accountsond Rgports Regu18tiong2008 and the provisions of the goveming document. The PCC is also responslble for safeguardingthe assets of the chority and hence tortaking reasonable steps for the prevention ar detection of traud and oth8T irregularities. The PCC is responsible for the maintenance 8nd integrity of the charlty and financial inform8tion included in the charity'8 web51te. 7. Approval The report of the PCC was approved by the PCC on 30° May 2025 and signed on it8 behalf by:
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report of the Parochial Church Council For the year ended 31 December 2024 Revd Phllllp Corbett Chalrman
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Report of the Independent Examiner to the Parochial Church Council of The Parish of St Silas the Martyr & Holy Trinity with St Barnabas I report onthe accountsofthe Parochi8lStSilasthe Matyr& HolyTrinitywth StBArnAb2sfortheyearended37 Decerter 2024. which are set out on pages 7 to 15. Respectlve rosponslbllltl85 of PCC and ox8mlner The PCC are responsible for the preparation of the accounts. Thg PCC considerthat 8n audit is not required for this year (under sectlon 144121 of the Charities Act 2011 Ithe 2011 Actll and that an independent examlnation 15 needed. It 18 my r68pon3ibility to: examina th8 accounts (under section 145 of the 2011 A¢tl' to follow the pro¢6dures laid down in the General Directlon8 given by the Charity Commlssloners lunder 88Ctic 14515llbl of the 2011 Act): and to state whether partlcular matt8rs have come to my attention. Ba$ls of Ind8p•ndent ex8mln•rs' r•port My examination was carried out in accordance with the General Dire¢tion3 glven by the Charfty Commissioner8. An examlnation in¢lude8 a review of the accountln8 records kept bythe ch8rity and a comparison of the accounts pre8enlBd with those records. It also includes consid8ration of any unustjal items or disclosures in the accounts, and the saeking of expi8nation8 from you as trustees Concerning any such mattef3. The procedures undertaken do not provid8 all the evidence thatwould bè raqulr8d in an audlt and, ¢on$equently, no oplnlon Is glven as to lthether the accounts present a 'true an f8lr vlew and the r8POrt18 Umlted to those matter8 set out In the statement below. Ind•p•ndont •xamln•r•' *tatem•nt I have completed myexamin8tion. I conflrmth8t no materlalmatters hovecometo my attentlon In ¢onn8Ctionwith the exomlnetlon givlng me c8u8e to believe that in any mater181 respect.. l. accountlng records were not kept in r88pect of the church as required by 88Ctlon 130 of the Act; or 2. the accounts do not accord wSth those records: or 3. the accounts do not complywith the appllcable requirement$ concernlngthe fomi gnd content of account8 Set out In the Ch8rities (Accounts and Reportsl Regulations 2008 other than any requlrem8nt that the accounts wve a 'lJ and fair vievl which 18 not a matter considered 88 Part of an Independent examln8tion. I h8ve no concernsand have comeacr088noothermatter8ln connectlonwithth8examinatlontowhich attentionsh01 be drawn in thls report in order to 8nabLe a proper underst8nding of the accounts to be reached. Thomas Mlddleton 30" Octobgr 2025
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Statement of Financial Activitie5 For the year ended 31 December 2024 Unro•trieAed Rostrlctod Funds Funds 2024 2024 Unre•triGted Re¥trlctod Fund8 Funds 2023 2023 Total 2024 Total 2023 Nota Incomefrom: Donations and leg8cie8 Charitable activities Other trading activities Inve8tment8 31,980 1,368 42,113 49,492 28,000 59.980 1,368 42,113 49.492 36,404 946 53,966 59,890 21,120 57,524 946 53,966 59,890 Total Incom• 124.953 28,000 152,953 151.206 21.120 172,326 Expenditure on: Raising funds Ch8rit8bie activities 8,807 115.457 8,807 115.457 2.297 125,329 2.297 158,715 33.386 Total expandltur• 124,264 124,264 127,626 33,386 161.012 Net g8insll1088881 on invo8tments 9,988 9,988 Not Incom• 10,677 28.000 38,677 23,580 (12,266) 11,314 Transfers b8tsv8en funds 1.045.000 11,045,000) Not mov•mont In fund• 1,055,677 (1,017.000) 38.677 23,580 112.266} 11,314 Total fund• brought forward 736,843 1,042.450 1,778,293 712.263 1,054,716 1.766,979 Tal fund• carrlad forward 1,791,520 25.450 1,816,970 735,843 1,042,450 1.778.293
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Balance Sheet For the year ended 31 December 2024 Unrestricted Re¥tricted Funds Funds 2024 2024 Total 2024 Total 2023 Note Fixed Agset• Tangible Assets Investments 1,045.000 519.983 1.045,000 519.983 1.045.000 512,357 1.564.983 1.584.983 1.557,357 Current A88•t• Dgbtors Cash At BankAnd In Hand 19,195 215.416 224 25.226 19.419 240,642 1.393 223,603 234,611 25,450 260,061 224.996 Cr•dltorg-Amount• Falllng Du• Wlthln One Year 8,074 8.074 4.060 Not Curront A•••t• 226,537 25,450 251.987 220,936 Not A•8Ot• 1,791,520 25,450 1.816.970 1,778,293 R•pr•••nt•d By. Restricted Funds Unrestricted Income Fund8 25.450 25,450 1.791.520 1,042,450 735,843 1,791.520 Totol Fund• 1.791.520 25,460 1,816,970 1.778,293 The financi818tatement8 were approved by the PCC on 30 May 2025 and signed on it8 behalf by: L•¥lay G¢)ddard Tr••#urer
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statement5 For the year ended 31 December 2024 1. Ac¢ountlnq Pollcl The principal 8ccountingpoliGie8 adopted. judgements and key sources of estimatlon uncertainty in the prepar8tion of the financ[81 statements are as folLows: Basls ol accountlng The fin8ncial statements hav8 been prepared under the Charities Act 20118nd In accordance th tha Charities Statementof Recommended Practice ICh8ritiesSORP(FR5102118nd FinancialReportingStsndard102 IFPS1021.Tre tin8ncialst8t$ments are drawn up on the historicelcost ba818 of accounting exceptforthe revaluatlon of freehold iarKI and buildings which are shown at market Value. The financi81st8t8ments include all tr8nsactlons. assets and li8blllties for whlch the PCC Is responsible in law. They do not include the accounts of church groups that Owe an affiliation to anothar body or thos8 that are informal gatherings of church membgrs, The PCC meet$ the definition of e pubU¢ benefit entlty under FRS 102. Only timited compar8riv8 data18 av8iLable, duo to limited a¢ce88 to hlgtoric dats. Thi8 limltatlon 8hould be taken Into account when 8n81yslng the fln8nclal p8rformance and p08Itlon Golng Conc•rn Ther8 8r8 no material uncertalntles 8bout the charity's 8bility to continue 88 a going concern and accordingly the accounts have been drawn up on a goingconcern ba818. Ineom• r•eorfnltlon Voluntory income and donations (including leg8ciesl are accounted for once the PCC ha8 entltlementto the income, it 18 prob8ble the incomo will be received and the amount of income receivable can be reliably measured. InccKne from the recovery of tax on gift alded donations is accounted for in the perlod to which the relevant donatlon is recelved. Grant income 18 recognised on 8 recelvable b88ill. The Income from trading activitles include8 rental Income from the18ttlngof church prem18es and le8sehoid land and buildings whlch 18 accounted for when earned. 1$ 8hown gro88, th the 88sociated costs Included in fundraising eo8t8. Interest on fund8 held on deposlt Is Inciudedwhen receivable and the amountcan be measured reliably bythe ch8rty, th18 Is norm811y upon notlflcatlon of th8 Interest pald or p8y8ble by Ihe bank. Exp•ndltur• reoo#nltlgn Expenditure 18 accrued as soon 88 8 ti8bility Is consldered probable. and the amount of obli8#tion can be measurÈd reliably. Longer term liabilities are discounted to present vsLue. The PCC is not reglstored for VAT and 8ecordlng expenditure includes VAT where approprlate. Expenditure included in Raising Fundg includ88 amount8 incurred In obtaining grants and other donations and property mainten8nce cost¥. Charitable expenditure includes those costs in fulfilling the PCC'S princip81 objects, as outlined In the Report of the PCC. These include grants payable, governance costs and an apportlonment of support costs. Grants payable are p8yments made to third parties in furtherance of the PCC'S objects. In tho c88e of an unconditional grant offerthi8 18 accrued once the recipient hos been notified of the grant award. The notification givesthe recipient a reasonable expectation thatthey will receive the grant. Grants awards that are subjectto the reclplent fulfilling performance condition8 are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condltion attaching to that grant 1$ outside of the control of tho PCC. Gov8rn8nce costs comprise 811 costs involving the public accountability of the PCC and its compliance with regulation and good practice. These Costs include costs reLated to the independent auditlexamination and lègal fees Jo
PARISH OF ST SILAS THE MARTYR& HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 1. A¢¢ountlng P4)U¢l•$ (¢ontlnu•d) Tangible Flxed As8et8 Consecrated Pmpety end Moveable Church Fumishings Consecrated land 8nd benefice property such a8 the church building and vic8rage is excluded the accounts In 8ccord8nce with $10 ot the Ch8riti8s Act 2011. Moveable church contents are held by the vicar 8nd churchwarcbr on $pecl81 trust for the PCC and requlre a faculty for di$po$81 ar& 8ccount8d as inalienable propety unle88 con$ecr8ted. All expendlture Incurred on ¢on$e¢r8t8d or benèfice buildings and moveable church furni8hing8. whether maintenance or improvement, is expensed within the Statement of Financial Actlvitles. Other Flxtures, Flttings & Offlco Equlpment The cost of other furnlture, flttlngs 8nd equipment, legs any expected residualvalue. is depreciated on a straight-une basis over the effective useful lives of the assets. which have been estimated as berween 4 and 15 years. Fixed Asset Inv•stmontJ Inve8tments are held 8tfairvalue and revalued 8te8ch reporting period, anygain or1088 r88ultlngfrom the rav8Luatlc are charged to the Statement of Financial Activities. Dobtor8 Debtors are Included attha settlement amount due. Prapayments are valued at the emount prepald. Ca#h at bank and In hand Ca¥h at bank and in h8nd include8 cash and 8hortterm highly liquid inve8tment8Wlth a ahort maturity of three months or Less from the date of opening of the deposit. Cr8dltor8 and provl•lon• Creditors and provisions are recognlsed ere the charity has a present obligatlon 8ri$lng from a p8St eve n that vll probably result In the transfer of fundsto 8 thlrd p81ty and the amount due to Settle the obligation can be measured or 88tim8ted re118bly. Credltors and provlslons are recognlsed at thelr settlement amount. Fund accountlng The tund8 held by the charity are either: Unrestricted generalfunds - these are funds whl¢h can be used in accord8nce with the charltable obj8Cts at the discretion of the truyteeg. Restricted funds - thgse org funds that¢8n only be u88d forp8rticular rggtrlctad purpo809 tAIn the object8 of the charity. Restrlctlon8 arlse when 8peclfied by the donor or when funds are ralsed tor p8rticuL8r restrl¢ted purposes.
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 2. In¢om• Unre8trictéd R•8trlGtod Fund8 Ftsnds 2024 2024 Total 2024 Total 2023 Donatlons & l8gacl89 Offerings- plonned giving & one-off gifts Grants Income tax reclalmed 26,194 26.194 28,000 5.787 S7.524 28,000 5.757 31,951 28.000 59,981 57,524 Charltable actlvltl•• Fee income Inotl Lamps &votive candLe8 262 1.106 262 1,106 946 1,368 1.388 946 Othar tradlnq Incom• Book Sales Lottlngs Income- church prop8rt188 832 41,280 832 41,280 53,966 42,112 42,112 53.966 Inv•8tmont• Rental tncome - r88id8nti81 propertl8• 29,940 3,986 15,566 29,940 3.986 15,566 69,890 Bank Interest Dlvidends 49,492 49,492 59,890 124,923 28,000 152.953 172,326 3. Exp•ndltur• an R•l•lni Fund• Unr•strlctod Fund• 2024 R•strlcted Fund• 2024 Total 2024 Total 2023 Costs of fund-raising 8ventsnee8 R8sldentlal propartles Invegtment m8nagement costs 747 4.523 3,537 747 4.523 3.537 2.040 257 8,807 8.807 2.297 12
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 4. Exp•ndltur• on Charltabl• Aetlvltl Unre$trl¢tod Restrlctod Funds Funds 2024 2024 Total 2024 Total 2023 Church life & outreach Gifts & grants- to organisation8 Off ice ¢ost$ Provlslon of Church bulldln& fa¢llStles & equlpment 88,165 580 4,115 22,597 88,165 580 4.115 22.597 115,457 115,457 5. T•n11b Flx•d A•••t• Fr••hold land & bulldlng8 Co•t At l January 2024 Additions DIspos8Ls 1,045,000 At 31 December 2024 1.045,000 Doproelatlon At 1 Jgnuary 2024 Charge forY88r Disposa18 At 31 December2024 Not Book Volue At 31 December 2024 1,045,000 At 31 December 2023 1,045.000 ALI the fixed 8s3frts oro used for ch8rltabl8 purposes. The freehold land and building con8lst of church buildlng8 locatedats. Siiasthe Martyr, S. Silas Place, London. NW53QP: HolyTrinity, Kenti¥hTown CLarenceW8y Lond W1 8HR and a fiat123a Malden Road, London, NW5 3HYI. 6. Flx•d As••t Inv•$tm•nt$ 13
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 2024 2023 Mark•t Value At l January Additions at cost Sale proceeds Net g8inlllo$sl on rev81uation 512.357 93.815 196.1771 9.988 512,357 At 31 D•combo1 519,983 512.357 Market value r•pr•s•nt•d by Inv•stm•nt$ In: BondslFixed interest Sh8re8 Commodltie$ Actively managed Strategi88 Cash 152,640 300.382 20.427 38,759 7,775 At 31 July 519,983 612.357 Co•t BondslFixed Interest Shares Commoditie8 Actively managed strategies Cash 162,148 242.729 15,059 35.709 7,775 At 31 July 463,420 The investments are held in the n8m8 of St Siiasthe Martyr& HolyTrlnlty St Barnaba8 and are held in the UK. 7. D•btor• 2024 2023 Income tax recoverable Short tenn investment Other Inv88tment Manager Income Account 5,787 224 11.520 1,888 224 1.169 19.419 1.393 8. Cr•dltor4-Amount8 Falllnq Duo Wlthln One Y•ar J4
PARISH OF ST SIIAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 2024 2023 Trading creditors Agency Collection 4.013 4.060 5.618 4.060 8,073 9.676 .trIct•d Fund• At1 January 2024 At31 Daoamber 2024 90 Curr•nt Y•or Incom• Expondltur• Tron•for• CBF Fiow8rs HT Bulldlng HT LgndsTru8t Property SS Building SS Fabrlc SS L8nd Trust 224 1,623 1.051 {9.6171 1.045.000 2,986 3,951 12,7681 224 1,623 1,051 4.383 14,000 11,045,000) 2,986 3,951 11,232 14.000 1,042,450 28.000 26,450 A transfor of property from Restrictèd to Unrestrictod w85 recorded. Thls reci8sslflcotion corrects 8 prior period mi3aUocation in which the property had been incorrectly a8818ned as Restricted. At31 9b Prlor Y•ar January 2023 D•comb•r 2023 Income Exp•ndltur• Tran8f•r8 CBF Flowers HT Building HT Land Trust Property SS Building SS Fabric SS Land Trust 224 1.623 1,051 19.617} 1,045.000 2,986 3,951 12,7681 224 1.623 1.051 (9.6171 1.045,000 2,986 3,951 12,7681 1,042,450 1,042.450 15
PARISH OF ST SILAS THE MARTYR & HOLY TRINITY WITH ST BARNABAS Notes to the Financial Statements For the year ended 31 December 2024 Ro8trfat•d Fund• The descriptions ofthe main funds are., CBF l Money from CCLA Investments HT Building i Holy Trinity Church Building Fund HT Lands Trust | Gr8nts to Holy Trinity from S. Pancras land8 trust Property I Property owned by the Church SS Buildlng I S. Silas Church Bulldlng Fund SS Fabric | Roof Fund SS Land Trust | Grants to s. SILas from S. Pancra8 lands trust 10. R•lat•d Party Tran•a¢tlon• Thfr member8 ofthe PCC gave a total of £6,530.00 In unre8tricted offerings duringthe year. There were no other related p8rtytran88Ction8 16