THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN CANONBURY
Reports & Accounts Financial Year Ending 31/12/2024
Contents
Legal & Administrative Details Trustees Report Independent Examiners Report Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes - Accounting Policies Notes - Analysis of Income & Expenditure Notes - Analysis of Net Assets Between Funds Notes - Other
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Legal & Administrative Details
Charity Name: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN CANONBURY Charity Number: 1131839 Charity Address: The Parish Church Of St. Stephens 17 Canonbury Road LONDON N1 2DF Trustees: Benjamin Hussar (Appointed 28/04/2024) David Titmas ELIZABETH JANE EVANS JOHN CREYKE Joy Faulkner-Mpeho Leonard John Chalkley Margaret Elizabeth Evans (Appointed 28/04/2024) Mary Thomas Ralph Dunham Rufin Batota-Mpeho Sarah Strang Timothy Muller Key Management Rose Mwesigwa Personnel: Name & Address of The Co-Operative Bank Primary Banker: 25 Islington High St London N1 9LQ Independent Jonathan Orchard Examiner: Fairview Mollington Banbury OX17 1AZ
Trustees Report
Objects of the charity
St Stephen's Church is the parish church for Canonbury in the London Borough of Islington, within the Stepney Area of the Anglican Diocese of London. The public services and worship of the church put Christian faith into practice through prayer, scripture, music, sacrament and two specialist ministries: The Manna, serving homeless and marginalised people, and Urban Hope, serving young people.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
The Church of St Stephen Canonbury holds weekly Church Services at 11.00 every Sunday. At these services it provides activities for Primary age Children and a "Dreams" club for Secondary School Age Children.
Urban Hope delivered 4 days of a 9am-5pm holiday club for children aged 8-11 in the church during the last week of August. It was led by Keeley Timms, staffed by 3 local sessional workers who all had experience working with young people, and was attended by 10 young people. The sessions cost £1,885.63 to run which came from left over funding from compass.
The Manna is St Stephen’s project working with homeless and marginalised people.
Present opening hours are: Tuesday 2pm – 7pm Thursday 10am – 4pm Friday 10am – 4pm Daily attendance is between 90 and 120, of whom up to 50 are present at any one time.
At these open sessions clients have access to the following: Food and drink Showers Laundry Clothing Wi-fi internet Laptops Phonecharging Telephone One-to-one support Access to individual grants Respite
We run the following small groups: Poetry Thursday 1pm – 3pm run by a paid freelance facilitator Art Thursday 2 – 4pm run by a paid freelance facilitator Gardening alternate Thursdays 11am – 3pm run by a community gardener Outings Wednesdays: walk or visit to place of interest
All activities are overseen by The Manna Management Committee which meets regularly to monitor the project, support the staff, review the finances, and set policy.
All activities are risk-assessed. Relevant staff and volunteers are DBS-checked. St Stephen’s Safeguarding and H&S procedures are followed.
In planning the activities, the trustees have applied the guidance on public benefit issued by the Charity Commission.
Structure, Governance and Management
The Trustees of the Charity are the Parochial Church Council. None of these are paid.
There is a paid Church Administrator (Part time) and a Communications admin (Part Time)
Manna have the following staff: Cook 32 hours Kemi Buraimoh Advice & Advocacy Worker 40 hours Munira Ali The staff are supplemented by approx. 20 volunteers who work between 2 hours a month to 4 days a week.
Financial Review
The total income for the year 2024 was £360,310 (2023 - £348,501). This income was made up of restricted funds of £163,730 (2023 - £177,130); this includes £157,116 (2023 - £139,917.69) of donations and grants to support the work of the Manna and Manna Welfare and £0 (2023 - £32,647) to support the work of Urban Hope. The General fund also received restricted income of £11,438 (2023 £4,566) principally Grants for building work and income from appeals.
As a result of the inability to raise sufficient grant funding and due to key staff members leaving the project the decision was made by the PCC to pause the work of Urban Hope. This decision will be reviewed in the future by the PCC and a new vision for Christian Youth work in the St Stephens Parish will be formulated.
Unrestricted funds incoming amounted to £196,580 (2023 - £171,371) principally Church Giving and fees earnt from property and Church activities. Contributions from Church members including gift aid amounted to £90,423 (2023 - £78,380) a good increase on the previous year and was broadly in line with budget. Income from premises hire was £30,064 (2023 - £36,448) and remains healthy but has been impacted by the lack of heating and the loss of a regular hirer.
Expenditure for the year 2024 amounted to £214,076 (2023 - £178,282). Spending was £206,844 (2023 - £196,440) of restricted funds and £214,076 (2023 - £178,282) of unrestricted funds. The financial position at year end was £171,152 (2023 - £231,762) made up of £137,298 (2023 - £180,412) of restricted funds and £33,854 (2023 - £51,350) of unrestricted funds.
The Urban Hope Project remains under review as the Trustees consider how best to deliver Youth Services for our community. The Manna remains very well funded and has sufficient levels of reserves.
The General fund is in a good financial position and is within the stated reserves policy of 3 to 6 months current expenditure. A budget for 2025 has been agreed. Unexpected repairs to some Church properties meant that a loan was taken to ease any cashflow issues. This will be paid from 2026 and is interest free from the Diocese. The common fund contribution has been reduced this year with the priority of the church is to rebuild the level of reserves.
Not Applicable
Investments Policy
Not Applicable
Reserves Policy
The charity aims to hold a minimum of (which is approximately 3 months of expenditure) as unrestricted cash, so that the charity could continue to operate should income and / or expenditure vary adversely.
Responsibilities of Trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 and the Charity (Accounts and Reports) Regulations 2008. 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.
Signature
This report was approved by the trustees, and is signed on their behalf by:
Name Signature Date
Independent Examiners Report
I report to the trustees on my examination of the accounts of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN CANONBURY ('the charity') for the year ended 31/12/2024.
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 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiners Qualification
I confirm that I am qualified to undertake the examination because I am a member of the [Insert Applicable Listed Body], which is one of the listed bodies.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving 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 2011 Act; or
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the accounts do not accord with the accounting records.
I have no concerns and 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.
Independent Examiner’s Details
Name: Jonathan Orchard Address: Fairview Mollington Banbury OX17 1AZ
Name Signature Date
Statement of Financial Activities
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Incoming Resourc | es | |||
| Donations & Legacies | 90,423 | 157,116 | 247,539 | 231,101 |
| Charitable Activities | 0 | 0 | 0 | 0 |
| Investments | 0 | 4,949 | 4,949 | 1,989 |
| Trading Activities | 105,541 | 0 | 105,541 | 107,646 |
| Other | 616 | 1,665 | 2,281 | 7,765 |
| Total incoming resources | 196,580 | 163,730 | 360,310 | 348,501 |
| Resources Used | ||||
| Charitable Activities | 212,573 | 206,844 | 419,417 | 374,722 |
| Raising Funds | 0 | 0 | 0 | 0 |
| Governance Costs | 1,504 | 0 | 1,504 | 0 |
| Support | 0 | 0 | 0 | 0 |
| Other | 0 | 0 | 0 | 0 |
| Total resources used | 214,076 | 206,844 | 420,920 | 374,722 |
| Net Incoming / Outgoing Resources (before transfers) | -17,496 | -43,114 | -60,610 | -26,221 |
| Fund Transfers In | 0 | 729 | 729 | 263 |
| Fund Transfers Out | 0 | 729 | 729 | 263 |
| Net Incoming / Outgoing Resources (before gains/losses) | -17,496 | -43,114 | -60,610 | -26,221 |
| Investment Gains (or Losses) | 0 | 0 | 0 | 0 |
| Net Incoming / Outgoing Resources (before Asset Revaluation) | -17,496 | -43,114 | -60,610 | -26,221 |
| Asset Revaluation | 0 | 0 | 0 | 0 |
| Net Movement of Funds | -17,496 | -43,114 | -60,610 | -26,221 |
| Total Funds Brought Forward | 51,350 | 180,412 | 231,762 | 257,983 |
| Total Funds Carried Forward | 33,854 | 137,298 | 171,152 | 231,762 |
| Represented By | ||||
| General (Unrestricted) | 33,854 | 0 | 33,854 | 51,350 |
| General Restricted (Restricted) | 0 | -1,728 | -1,728 | 1,272 |
| Urban Hope (Restricted) | 0 | 7,759 | 7,759 | 9,546 |
| Urban Hope non-restricted (Unrestricted) | 0 | 0 | 0 | 0 |
| Manna (Restricted) | 0 | 125,267 | 125,267 | 162,866 |
| Manna Welfare (Restricted) | 0 | 5,999 | 5,999 | 6,728 |
Statement of Financial Position
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Current Assets | ||||
| Cash | 44,744 | 137,125 | 181,870 | 228,845 |
| Accounts Receivable | 1,110 | 173 | 1,283 | 382 |
| Prepayments | 0 | 0 | 0 | 2,693 |
| Total | 45,854 | 137,298 | 183,152 | 231,920 |
| N | on-Current Assets | |||
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 | 0 |
| C | urrent Liabilities | |||
| Accounts Payable | 0 | 0 | 0 | 158 |
| Deferred Income | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 | 158 |
| No | n-Current Liabilities | |||
| Long Term Loan / Mortgage | 12,000 | 0 | 12,000 | 0 |
| Total | 12,000 | 0 | 12,000 | 0 |
| Net Current Assets | 45,854 | 137,298 | 183,152 | 231,762 |
| Total Net Assets (Assets Minus Liabilities) | 33,854 | 137,298 | 171,152 | 231,762 |
| Represented By | ||||
| General (Unrestricted) | 33,854 | 33,854 | 51,350 | |
| General Restricted (Restricted) | -1,728 | -1,728 | 1,272 | |
| Urban Hope (Restricted) | 7,759 | 7,759 | 9,546 | |
| Urban Hope non-restricted (Unrestricted) | 0 | 0 | 0 | |
| Manna (Restricted) | 125,267 | 125,267 | 162,866 | |
| Manna Welfare (Restricted) | 5,999 | 5,999 | 6,728 |
Statement of Cash Flows
| Total | Prior Year | |
|---|---|---|
| Cash Flow from Operating Activities | ||
| Net Surplus (defcit) | -60,610 | -26,221 |
| Adjustments For: | ||
| Fixed Asset Depreciation | 0 | 0 |
| _Less_Investment Gains | 0 | 0 |
| Accounts Receivable Decrease | -901 | 3,359 |
| Prepayments Decrease | 2,693 | 2,089 |
| Accounts Payable Increase | -158 | 158 |
| Deferred Income Increase | 0 | 0 |
| _Less_Interest Received | -4,949 | -1,989 |
| _Less_Sale of Assets | 0 | 0 |
| _Less_Asset Revaluation | 0 | 0 |
| Loan Interest Paid | 0 | 0 |
| NET Cash Flow from Operating Activities | -63,924 | -22,605 |
| Cash Flow from Investing Activities | ||
| Interest Received | 4,949 | 1,989 |
| Sales of Assets | 0 | 0 |
| _Less_Purchase of Assets | 0 | 0 |
| Return of Investments | 0 | 0 |
| _Less_Money Invested | 0 | 0 |
| NET Cash Flow from Investing Activities | 4,949 | 1,989 |
| Cash Flow from Financing Activities | ||
| Loans Received | 12,000 | 0 |
| _Less_Loan Repayments | 0 | 0 |
| _Less_Loan Interest Paid | 0 | 0 |
| NET Cash Flow from Financing Activities | 12,000 | 0 |
| Increase (decrease) in Cash | -46,975 | -20,616 |
| Cash at start of period | 228,845 | 249,461 |
| Cash at end of period | 181,870 | 228,845 |
| Represented By: | ||
| General (Unrestricted) | 44,744 | 48,452 |
| General Restricted (Restricted) | -1,728 | 1,272 |
| Urban Hope (Restricted) | 7,759 | 9,546 |
| Urban Hope non-restricted (Unrestricted) | 0 | 0 |
| Manna (Restricted) | 125,095 | 162,847 |
| Manna Welfare (Restricted) | 5,999 | 6,728 |
| TOTAL Represented By | 181,870 | 228,845 |
Notes - Accounting Policies
Basis of Preparation
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out in the accounting policies below.
Going Concern
The Trustees consider St Stephens, Canonbury a going concern at the date for approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year.
Key Risks & Uncertainties
The charity is exposed to various risks, including operational, financial and reputational risks. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
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All voluntary income from members of the charity are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
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Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
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Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as at the point of entitlement).
Donated services and facilities are included at the value to the charity where this can be quantified.
Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
- Volunteer time, the value of voluntary support for the work of the charity, is not included in the accounts but is described in the Trustees Annual Report.
Investment Income is included in the accounts when receivable
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognied where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Governance costs include costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. Governance costs are shown within ‘Analysis of Expenditure’ note.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible Fixed Assets
Assets over the value of [amount] are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows:
Freehold property - Not depreciated
Musical and Technical Equipment - 5 years on straight line basis Office and computer equipment - 5 years on straight line basis Furniture, fixtures and fittings - 5 years on straight line basis
[In view of the maintenance programme in place which aims to keep the building in good condition, the trustees consider that any depreciation of freehold property would be immaterial and accordingly no provision has been made. The carrying amount of the freehold property is reviewed annually for impairment by the trustees.]
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
Judgements and Key Sources of Estimation
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:
The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually and the obligation is adjusted to reflect current expectations.
Concessionary Loans
The charity initially recognises and measures concessionary loans at the amount received or receivable. The carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest.
Notes - Analysis of Income & Expenditure
Analysis of Income
Current Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Incoming Resources | |||
| Donations & Legacies | |||
| Donations | 75,374 | 35,547 | 110,920 |
| Gift Aid | 15,650 | 1,094 | 16,743 |
| Grants | -600 | 120,475 | 119,875 |
| Charitable Activities | |||
| Event Income | 0 | 0 | 0 |
| Investments | |||
| Bank Interest | 0 | 4,949 | 4,949 |
| Trading Activities | |||
| Rental Income | 105,541 | 0 | 105,541 |
| Sales | 0 | 0 | 0 |
| Other | |||
| Other Income | 616 | 1,665 | 2,281 |
Prior Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Incoming Resources | |||
| Donations & Legacies | |||
| Donations | 60,856 | 37,907 | 98,763 |
| Gift Aid | 16,996 | 2,763 | 19,759 |
| Grants | -14,500 | 127,079 | 112,579 |
| Charitable Activities | |||
| Event Income | 0 | 0 | 0 |
| Investments | |||
| Bank Interest | 0 | 1,989 | 1,989 |
| Trading Activities | |||
| Rental Income | 107,646 | 0 | 107,646 |
| Sales | 0 | 0 | 0 |
| Other | |||
| Other Income | 373 | 7,392 | 7,765 |
Analysis of Expenditure
Current Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Resources Used | |||
| Charitable Activities | |||
| Activities | 82,196 | 83,376 | 165,572 |
| Admin | 3,894 | 1,467 | 5,361 |
| Advertising | 0 | 0 | 0 |
| Bank Charges | 112 | 183 | 295 |
| Depreciation | 0 | 0 | 0 |
| Event Costs | 0 | 0 | 0 |
| Gifts Given | 0 | 0 | 0 |
| Other Expenditure | 0 | 0 | 0 |
| Premises | 95,250 | 21,438 | 116,687 |
| Staf Costs | 31,122 | 100,380 | 131,502 |
| Governance Costs | |||
| Governance Costs | 1,504 | 0 | 1,504 |
Prior Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Resources Used | |||
| Charitable Activities | |||
| Activities | 66,878 | 53,086 | 119,963 |
| Admin | 4,252 | 4,835 | 9,086 |
| Advertising | 0 | 0 | 0 |
| Bank Charges | 104 | 256 | 360 |
| Depreciation | 0 | 0 | 0 |
| Event Costs | 0 | 0 | 0 |
| Gifts Given | 0 | 0 | 0 |
| Other Expenditure | 0 | 0 | 0 |
| Premises | 83,163 | 10,873 | 94,037 |
| Staf Costs | 23,886 | 127,390 | 151,275 |
| Governance Costs | |||
| Governance Costs | 0 | 0 | 0 |
Notes - Analysis of Net Assets Between Funds
Current Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Current Assets | 45,854 | 137,298 | 183,152 |
| Non-Current Assets | 0 | 0 | 0 |
| Current Liabilities | 0 | 0 | 0 |
| Non-Current Liabilities | 12,000 | 0 | 12,000 |
| Total Net Assets (Assets Minus Liabilities) | 33,854 | 137,298 | 171,152 |
Prior Year
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Current Assets | 51,508 | 180,412 | 231,920 |
| Non-Current Assets | 0 | 0 | 0 |
| Current Liabilities | 158 | 0 | 158 |
| Non-Current Liabilities | 0 | 0 | 0 |
| Total Net Assets (Assets Minus Liabilities) | 51,350 | 180,412 | 231,762 |
Notes - Other
Volunteers
The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees' report for further detail about volunteer contributions in the organisation.
Independent Examination Fees
Fees payable to the independent examiner for independent examination were: £0.00 (fee payable in the prior year: £0.00).
The total staff costs and employee benefits for the reporting period are analysed as follows:
Gross wages and salaries: £98,850, Employers NI costs £8,109, Employers Pension costs £4,812
(prior year Gross wages and salaries: £116,890, Employers NI costs £26,976, Employers Pension costs £6,516)
The average number of employees during the year was 5
(the average number of employees during the prior year was 6)
No employees received employee benefits of more than £60,000 during the year or prior year.
Key Management Personnel
The Charity Considers its key management personnel to be Rose Mwesigwa.
The total employee benefits received by the key management personnel (including employer national insurance and pension contributions) was £5,467 (total employee benefits for the prior year were: £3,102).
Trustee Remuneration
During the year 0 trustees received remuneration. The remuneration paid during the year was for the employees' role within the charity and not for their role as a trustee.
The total remuneration paid during the year is as follows: £0
Trustee Expenses
During the year the 0 of trustees incurred out-of-pocket expenses totaling £0.
2023 0 trustees incurred out-of-pocket expenses totaling £0
All expenses were incurred for the day-to-day running of the charity's activities.
Trustee Donations
During the year the total aggregated donations made to the charity by the trustees was £6,191.
There were no conditions attached to the donations. (total aggregate donations from prior year were £5,954)
Tangible Fixed Assets
| Fixtures & Fittings | Total | |
|---|---|---|
| Cost | ||
| Prior to 1st January 2024 | 10,400 | 10,400 |
| Additions in fnancial year | 0 | 0 |
| Total as at 31st December 2024 | 10,400 | 10,400 |
| Depreciation | ||
| Prior to 1st January 2024 | 10,400 | 10,400 |
| Additions in fnancial year | 0 | 0 |
| Total as at 31st December 2024 | 10,400 | 10,400 |
| Net Book Value | ||
| As at 31st December 2024 | 0 | 0 |
| As at 31st December 2023 | 0 | 0 |
Debtors
Accounts Receivable
| Description | Amount |
|---|---|
| Gift Aid | 1,283 |
| Trade Debtors | 0 |
| Total | 1,283 |
Prepayments
| Description | Amount |
|---|---|
| Prepayments | 0 |
| Total | 0 |
Creditors
Accounts Payable
| Description | Amount |
|---|---|
| Accruals | 0 |
| Finance Lease Liabilities | 0 |
| Tax & Social Security | 0 |
| Trade Creditors | 0 |
| Total | 0 |
Deferred Income
| Description | Amount |
|---|---|
| Deferred Income | 0 |
| Total | 0 |
| Description | Amount |
|---|---|
| Deferred Income | 0 |
| Total | 0 |
Loans
| As at 31st December 2024 | As at 31st December 2023 | |
|---|---|---|
| Maisonette repairs (General) | 12,000 | 0 |
| Total | 12,000 | 0 |
Analysis of Charitable Funds Current Year
| Fund Name | Opening Balance | Income | Expenditure | Fund Transfers | Closing Balance |
|---|---|---|---|---|---|
| Unrestricted | |||||
| General (Unrestricted) | 51,350 | 196,580 | 214,076 | 0 | 33,854 |
| Urban Hope non-restricted (Unrestricted) |
0 | 0 | 0 | 0 | 0 |
| TOTAL | 51,350 | 196,580 | 214,076 | 0 | 33,854 |
| Unrestricted Total | 51,350 | 196,580 | 214,076 | 0 | 33,854 |
| Restricted | |||||
| General Restricted (Restricted) | 1,272 | 11,438 | 14,438 | 0 | -1,728 |
| Urban Hope (Restricted) | 9,546 | 0 | 1,787 | 0 | 7,759 |
| Manna (Restricted) | 162,866 | 152,292 | 190,619 | +729 | 125,267 |
| Manna Welfare (Restricted) | 6,728 | 0 | 0 | -729 | 5,999 |
| TOTAL | 180,412 | 163,730 | 206,844 | 0 | 137,298 |
| Restricted Total | 180,412 | 163,730 | 206,844 | 0 | 137,298 |
| TOTAL | 231,762 | 360,310 | 420,920 | 0 | 171,152 |
Prior Year
| Fund Name | Opening Balance | Income | Expenditure | Fund Transfers | Closing Balance |
|---|---|---|---|---|---|
| Unrestricted | |||||
| General (Unrestricted) | 58,261 | 171,371 | 178,282 | 0 | 51,350 |
| Urban Hope non-restricted (Unrestricted) |
0 | 0 | 0 | 0 | 0 |
| Fund Name | Opening Balance | Income | Expenditure | Fund Transfers | Closing Balance |
|---|---|---|---|---|---|
| TOTAL | 58,261 | 171,371 | 178,282 | 0 | 51,350 |
| Unrestricted Total | 58,261 | 171,371 | 178,282 | 0 | 51,350 |
| Restricted | |||||
| General Restricted (Restricted) | 426 | 4,566 | 3,720 | 0 | 1,272 |
| Urban Hope (Restricted) | 47,692 | 32,647 | 70,793 | 0 | 9,546 |
| Manna (Restricted) | 145,138 | 139,918 | 121,927 | -263 | 162,866 |
| Manna Welfare (Restricted) | 6,465 | 0 | 0 | +263 | 6,728 |
| TOTAL | 199,722 | 177,130 | 196,440 | 0 | 180,412 |
| Restricted Total | 199,722 | 177,130 | 196,440 | 0 | 180,412 |
| TOTAL | 257,983 | 348,501 | 374,722 | 0 | 231,762 |
Fund Transfers
| Description | From | To | Amount |
|---|---|---|---|
| fund transfer | Manna Welfare | Manna | 729 |
Fund Descriptions
| Fund Name | Description |
|---|---|
| General (Unrestricted) |
The Unrestricted general funds of St Stephens Church, Canonbury |
| General Restricted (Restricted) |
The restricted funds of St Stephens Church, Canonbury |
| Urban Hope (Restricted) |
Unrestricted funds for the purposes of the Youth ministry of St Stephens Church Canonbury |
| Urban Hope non-restricted (Unrestricted) |
Restricted funds for the purposes of the Youth Ministry of St Stepehens Church Canonbury |
| Manna (Restricted) |
The funds of the St Stephens Church, Canonbury outreach project |
| Manna Welfare (Restricted) |
Funds for the purposes of the Outreach project of St Stepehens Church Canonbury |
Transactions to Related Parties
There were no transactions related parties during the accounting period.
Prior Period Adjustment
There were no prior year adjustments.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Other (Optional)
Trusts administered by the Vicar & Church Wardens
a Holiday Home Fund - Charity Number 237285 The objects are to grant money to defray some expenses of rest or change of air (including transport and obtaining domestic help) for poor parishioners, church members and others in the area.
COIF Share Price 2.029 Units 371 Value at 31st December 2023 £7,362 Value at 31st December 2024 £7,529
Income and Expenditure Bank Balance at 1st January 2024 £3,805 Income: COIF Dividends £205, Bank interest £57 Expenses: Grants Made £0 Bank Balance at 31st December £4,066
b St. Stephen's National School - Charity Number 312354
The objects are to promote religious instruction by means of a Sunday School or otherwise (33%) and to promote religious education (including social and physical) of persons under 25 resident in the parish and in need of financial assistance. COIF Share Price 2.029 Units 419
Value at 31st December 2023 £7,615 Value at 31st December 2024 £8,503
Income and Expenditure Bank Balance at 1st January £1,370, Income: COIF Dividends £231, Bank interest £21 Expenses: Grants Made £0 Bank Balance at 31st December £1,623
c. St. Stephen's Parish Housing Company Limited - Company Number 01591276
A dormant mutual trading company that does not operate with a view to profit. The Directors are the serving churchwardens. They hold two shares on behalf of the PCC.