ST STEPHEN'S PCC ANNUAI. REPORT AND FINANCIAI. STATEMENTS F()R THE YEAR TO THE 31 DECF.MBF.R 21124 Charlty Reglstralion Number 1131952
ST STEPHEN'S PCC Annual Report of the Paroehlal Church CDun¢il For th¢ Ye#r ended 31 December 2024 Administr*tive IDCormatlon Si. S(ephen'8 Church is siillatcd in Souih K¢nsin8ton in the Royal Bon)ugh of KensiTh8ton and Chel8e&. It is in Lhe Kensingion Episcopa] Aica ol (he Diocesr of London bul 15 UTLder the pas(oral care of th¢ Bishop of Fulham. The corrt8PDnd¢n¢¢ address is Si. Siephen's Lhurch. Sourhwell G¥rdrns, LondL)n SW7 4RL Th¢ Parochial ChurLh Cvuneil IPCCI is a r¢gi3tered charity number 113l952. PCC membcrs who hav¢ 5¢rved froTll I" January 2024 until Ihe dELtc this report was approved ar¢.. InLMmben¢.' The Revd Prebandary Philip Burne8 Chairrnan WardenN.' Mr lahn Hunter Ms Minetie Moss Vi¢¢ Chairn14n Represenlolives the Dednery Synod., Mrs Kharin Sthright Eléctedmembers.. Mr. David Colvillc Mr$ Eli£al)eth Olunloy Mrs Suc Mi¢helmore Mr Rob$ Egerton Mr Rich Shull My Brenda Rosen Treasurer Safe8uArding offiLer Ms Mindic Mois Mrs Eli£ub¢ih Olunluyo Childrert'A Champion.. S¢reLary.' Mr Mark Flodgin S¢ructurey 8thv¢rnance and man#¥emenl Tht meth1 of pppointment of PCC rnembcrA IA oui in the Church Repre5¢ntation Rules. All Church attend¢¢5 ar¢ cn¢ouraBed to regis(er on the F.leCi0r RDII and 8tand for election Lo ih¢ PCC. The PCC is elected each y¢Jr a% are the Churchwardens. ObjLYtives 4nd A¢¢lvlties The PCC has thc responsibility of co-operating with ihe incumbeni, in promotin8 111 the ccclesiasliL&l parish ¢he whole mi55ion ofthe ChurLh, pasioral, evangelistic. social and ecumenical. Achlevements Mnd PerformAnee Church attendartec On ihe 31st December 2024, ihere were 7312023- 67} on the Elecioral Roll. 21212L123 2551 pcople attended & Chrisunas Bnd 212 (2023 167) &ttended an Basier M&s%. Avcr2ge Sunday altendance. counted during (kiober 2024, w&$ 5512023- 50) adulis and 2 {2023- 2) children. Average allendancc fDr midweek %crvices during Ociober 2024 wa% 5 (2023- 5). In 2024 we had no marTiag&412023- 0). no funetals (2023-3}. 4 bapli$ms (2023-1).
ST STEPHEN'S PCC Annual Report of the Paroehlal Church Cone71 Icontinued) For the Year ended JI Deeember 2024 Revlew of the yeor The full PCC rnet on five occasions, and with Churchw¥rdens minel Moss and l#in HllnLer. and Tredsurer David Colville have continued to work hard and effecliv¢ly, and we are most grateful for their leadership and care. Back An 2018 the then PCC identified four priorities for the parish in a Mission Action Plan. We set A focus on Welcome, and our desire to more effectively expr¢s8 ihe welcome Christ offers w all people. on Communicd¢ing Atiraciivene58. Wlth an aspiraiion to mitrre effectively 8hare the beduiy of IhL Gospel ihrough improving ihe building and finding ways 10 reach out with ih81 beauiy bL'yond our wall%; on Communiiy Life with 4 ¢ommitmcnl to bcing a place wherc pcoplt fe¢1 ihey belong. and which oifers minislry to the community in which we arL' sei; and on Caiholic Witness, eonscious of th¢ significant role Si sphen.$ has within the wider economy of thc C&¢holic movemeni in IA)ndon and naiionally. These priorities continue 10 shape cjur life and io direc( th¢ work cjf the PCC. and we continu¢d to 8ee them bearing fnJi¢ in (h¢ ycar 2024. The PCC siewurds tho re$our¢¢s ihAi we have in ord¢r that we may Lonfidenily ¢nga8e in missinn in 4)ur di%linclivc parl of London. Und¢r the leadership of our ChurL'hward¢ns we strive io ¢n%ure a warni w¢lcom¢ to everyone who s¢ep8 through lh¢ door for Sunday Mas5. G¢Duinc holipitaliiy is x di.slingui¥hing mark of lifL at Si Si¢ph¢n's. and our viiilor.% cornmcni fovourably LTrn thc welcom¢ that they have Teceived. WL arc con5¢10U& that mitny of those who 'bclong' to St Sicphcn's a5 r¢gulur mcmbers of thc con8regalion ar¢ 'timc pnor. Ihe quality of Ihe Sunday offerin8 t% ¢ven m¢)rc importani. OflLring a warni wclcome, a litur¥y that is at on¢L m&jc%tic and 8IDriou¥, yct in¢imJic and ¢nga8ing, and hospitalily that i¥ generous is bring fruit in a ¥tCddily growiny con8rcgation. WL wcrc blc%%cd io httvc d number Trt liturgies during 2024 pl which we cijuld otfcr d SPCCi4LI wel¢omc to visitors. On Epiphany Sunday we ho5d a gloriou¥ Solcmn Mass wilh an orchcytra, and ihib wa% followed by a parish lun¢h and thcn a performdncc (Trf Olivi¢r Mc¥siacn'$ organ Tncditalion 'La Nativit¢ du Scigneur.. We were delighicd (o hus( thc Bishop of fulham for the rCut Ealitcr Vigil. and to welcomc parishioncrs fr()m local pari$hc¥ under his Larc for u glorious celcbralion of ihe resurrcclion. Thc Lhurul mcdil41ion6 01. music and Tcudin8s on PMs8ion Sunday and un ihe irst Sundlly of AJvcnt al¥u drLW a lar¥L number of Visiiory. Ir improved faeililic5 and morc open physiLILI apPearn¢6 cxtLrnul is hLlpin¥ lo (Jffer wLILomc io groups whv u4C th¢ church for concerts und inu5iLal activitiC4, and a ¥ldY flow of visilor5 makc their way into church tu li¥ht candlc ¥nd pray. Dr sirnply to bL' ¥till. We c(&nlinued 10 uxc the renewed parish webxile and 51xial media ehanncl% u% a means of communicating the life of the churLh more widely. and it i& ylriking lo notice Lhe reaeh of these. The weekly Parish Email now rcache$ 127 (>ple. atld thi8 serve5 Ihe imwri&ni mlc uf keeping our communily enBased and informed, and also of pruviding a mean¥ of (eochinbT ¥boul the Church Year and ChristiJn faith. Thi8 is particularly cvideni durinb thc 09n of Lenl. in 2024 th¢ Parish Email ca1Ld a l.cnt l£arnin¥ Bcri&s nn thtt diffcrcnt part% uf th¢ Mais. This tcaching CIMJld cxpand on maicrial introduced in thc Sunday s¢rrnon. and reaLhcd a larger ¥ruup of pcaple than wc've previouxly achicv¢d durin8 convk'ntional IAnl Luuf8CS. 2024 wali ni> ¢x¢¢plion in bein8 u year in which the aiieniion or the PCC wab iakcTr by our sicwardship of Ihc church building, End our Llwe of thi8 place i.s An important aspcLI of nur cvangelisiic endcxvour. Sadly, during (he ycar wc had to dcgl wilh another incideni of tyriminal d4ma8e with a window being br()ken by an intruder wh() %lole. amnngsl ()ther items. Ihc %ilver processional cro%%. Repair is ()ngoing. ThL bL#uty of our worship is Lonsiderably cnhanccd by the ¥ift of musi¢. ¥nd during 2024 the quality of the mu5i¢al otyering ai St Sicphen's was outSlandin8. Grcgory Droii servcs as Dire¢iur ol. Mu%1¢ with viyiun, cnthusiaym, SLnsitivity and carc. Undcr his ILddcrship the ehoir 8(K8 frorn strength io sirLn8th. Th¢r¢ wcre purticuldr 'highlights' in thc coursL of the y¢ar.' an orLhLyiTiiI F.piphdny, the joy of F.aslLT morning with thc Missa brevis by Jonaihan Dove, Ihc slijries ol Elgar OD Trinity Sunday, and b¢auly of Adveni. PerhilP% what w¢ 911 apprcciate xlongsidc Ihosc though is (hc c(Trnsi%tcnt care dnd allenlion to the liiurgy Sunday by Sunday, lifting our heart8 dnd minds io wor%hip. Samuel Joncs served alon88idc Gregory as Organ Scholar. and il was really go(xl to obscrvc Sam growin8 in ¢onfid¢ncc and competence during 2024. artd w¢ arc delighicd Ihai h¢ will ¢ontinue to &¢rvc as our Organ Scholar for ano¢hcr year. As w¢ll a.8 our local role for the communily who gather at Si Siephen's wE'rc a150 Used as o gathering point for nutional ev¢nts by several of the Catholic S(Kieties of the Church of England. In 2024 we hvsied the Cjuild of All Souls for iheir annual Requi¢m in NnVemlr. We also welcomed tho Guild of Ihc Scrvants of Ihc Sanciuary for thcir Feslival in April, and Ihc Confrdl¢rnily of th¢ BIc8sed SaLr4Lmcnt for their FL8¢ival in June. In tnany way5 much of parish life is ihe kind of Ihing thal doesn't rnwke the hcadline of an Aftnual R¢port. but it is 'spectacularly UnsptarU]ar'. 2024 was no excepiion. Yet in the rhythm ofdaily worship, p&8ti)ral care, preaLhing and teaching, welcome and hospilality, care and altention we believe God's kingdom growq. and we are pr(Trfoundly graieful 10 all who contribute lo that work ai Si Sicphen'5, Glouccstcr Road.
ST STEPHEN'S PCC Annual Report of the PArochi41 Church Councll (Cwitinuedl For the Year ended 31 December 2024 Financia] Review Total receipts on ordinary unrestricted and restricted funds are £3(X).42112023 - £438,4) expendiLure is £285,371 (2023 - £409,570). In 2024 planned giving was £12,558 (2023 - £15,630). stewardship numbers havin8 declined through deaths. Loose ¢olleciion money was down on ihe previous year £6,279 (2023 - £8,599), but ihis was more than made up by donations using the new card reader device £3,721 (2023 - £5261. in 2025 it is expected this figure will continue io increase. Donations and llppeals amounied 10 £8.206 (2023 - £2.6821 We also received A legacy from the estate of Fr John Hunter £8,823. Income from hiring out the Church (and Hall) for concerts and r¢hear.8al$ continues 10 improve, ai £54.580 (£50.56] in 20231, we now are 'home' lo a number of choir$ and orLhesira8. Thc PCC eorttinues to b¢n¢fit from Bcnertsu$ granis from LWO trusts #islated wilh the Lhurch, as well as a grant supportlrtg the music from the Old Pos%um PrdC(ical Trusi. The grani Irom SSHGR l.td cornpri5e5 three elemenis i} an adminisallOn fee lor scrviLe$ piovided by Si SPhen's PCC to SSHGR Ltd, Ihis was £29.7) {£28.721 Jn 2023}, ill a 8cncral support 8rrtt to maintain the WOTship at S St¢ph¢n's, this was L105.INJJ (£IOO.(X)O in 202JI dnd iii) a grant for buildin8 work dl the church. Aftcr UDderlJkin¥ a numbcr of si8nifi¢ant building projects in the la51 fcw ycars, Ihe PCC ]% now osscssin8 ihe fea$ibilily (If future Worki. and in 2024 did nol undertake any such works. This mcant that rhe 8runt5 for dcvclopment froTn SSHGR l.ld were vnly £9.126. to Lvver A retention fee for work.8 in 2D231£96,746 in 20231.The PCC w&% also oble lo claim back fr()m HMRC £6.14312023- £7.529) under the Gifi Aid Scheme. The main itern ul PCC expendilure ¢onlinuex lo be our eoniribulion 10 the Dioce&an Common Fund which increused in 2024 to £91,3W12023 - £82.4591 thi% will coniinue io be a significanl ci)8t going forwurd al £99,9XQ in 2025. The other 518nificant itcms of expendilurc ure Ihe co$1 of running athd mainiainin8 Ihe building £48.26312023 £53.786)-. the cost Df mu¥iL al scrviccs £51,51512Q23 £51,804) and 8tatT £311,700 (2023 £28,90111. As nKniioned earlicr Ihc church did not undcrtakc any si8nilicant building work in 2024. Similllrly, in pr¢viau.4 ycar$ we havc ulicd mLTrni¢s frum LPW SchcTne Lu spend on minor work¥ which improve thc gcneral look of th¢ buildin8. thi¥ Ye CKpLnditure on such minor work% only £l1,4901£46,984 in 20231. In 2024. ChurLh muin(cnance was £IS1,1601£32,169 in 2023) Ihe PCC huving undertakcn cmcr8Lncy repairs to ihe roof in 2023 10 keep thL Lhurch watLrthght.Ovcrall in 2024 the yurplu¥ for the ycdr is £15.050 Icavinx ll nel accumul4tcd surplus vf £77.545. RCTyS policy Th¢ PCC lo hold a reservc of ut least £30.0(M) in unrestricicd funds ¢0 Cover ctncr8CnLy 5ltuation8 Ihat m&y ari¥e from timc tu time. The nct curr¢ni unreslricLcd rc¥¢rves arc £77.54.5.1£62.495 in 20231. The PCC is mindtul that the surplus in rc5crves carriLd furward inlo 2025, will cnablc minur workx Lu bc underlakcn iu enhance Lhc conLribulion to wor4hip. Approved by the PCC on 11 M4y 2025 and 818ned on thelr behalf by the Revd Phlllp Barrt (ChAlrmanl. Rovd Phlllp B4rM
ST STEPHEN'S PCC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO THE 31 DECEMBER 2024 STATEMEiYf OF TRUSTELg RESPONSIBILITIES Members of the PCC are required by the Chvrch Accounting Regulaiiorts and th¢ Charitie5 Act 2011 to prepare account5 for each financial y¢ar which give a Lfllc 4Lnd fair view of the stale of affair5 of the Church and of its results for that yeas. In preparing those accounts. the trUSe5 are required to: (a) select Suitable accounting policies and apply them consiskntly; (b) make judgement9 and estimates that are reasonable and prudent. Ic) pr¢p8r¢ th¢ a¢¢ountS ¢XL a going C¢)rt¢crn basis unless it is iThappropri4tr to hssume that the Chur¢h will ¢ontinue in operation. Th¢ memb¢r8 of the PCC ue re$pon$ible for kPIng proper a¢¢ountin8 records which disclose with rea&onable accuracy at any lim¢ the financial posilion of the Chur¢h. They are also r¢ap(Trnsible for Safeguding the assets of ihe Church and hence takin8 reasonable steps to preyent and delect fraud ind other 1c6u1rlIies. Slyed OD behoifof the PCC Mark Hod8ln Secretary to ¢he PCC Date 11 M4y 2025
ST sfEPHEN'S PCC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO THE 31 DECEMBER 2024 end ntF
mlner's re
orl lo Ihe PCC This report is aiiached to Lhe accounis of the PCC for ihe year ended 31%1 December 2024 which are set out on pages 7 to 12 and is in respeci of an examin¥iion carried out on ihe dccounis undcr secl&on 145{11 ofihe Chariiies Aci 2011. These 5121emenls comprise of ihe Statement of Fin¥ncial Aciiviiies. the Balance Shed and the related notes. lThi5 Report is mude solely io ¢he Tru51ees ol the Ch7¢Y as a body. Ro8 cllve ros r trust¢es And cx4ml A8 meTnbers uf lh¢ PCC you arc re%wnsiblc for the prcpardLion Thf the uccounis and you ¢onsid¢r IhaL an audi( is nol required for this riod under section 144(21 of the Charities Ac(2011 (the Act) th41 an independen( examinalion 1$ needed. It is my resFonsibility to- tr exyminc ihc accounts under section 145{51 of the 2011 Aei: ¢0 follow thL procedu% laid down in ihc yencral Dirccti¢)nb ¥iven by thc Chariiy Commi¥bign under section 14515)(b) of thc 2011 Act: un¢J io be found in ihc Church Guidance 2(K16 edilion io S[¢ whethcr parti¢ular matters havc como lo Tny aiteniion. Bllslj of Indendent examlner's report My exominaiion was carried out in accordance wi(h th¢ general DireLlions ¥ivert by ihe Charity Commission. An examinaiion includes a Teview ufthe accouThlinB records kept by Ihe churily and A comparilion ol. thc acciM]nts prtt%ertd with thosc record5. IL al.so incluilc8 Limsidcraii(Jn ol. any unusual itCTn% ur disclo%urLs in ihe account%, and seekin8 cxplunutiuns from you a% trusiL'LS collLLrning any &ULh m4llers. Thc prorcdurcs undLrlak¢n do not pft)vide all thL' evidencc that would be required in an dudit und ¢on%equcntly no opinion is Bivcn ds to whether thc aLcount% prcscni a 'truc and fair view, and the report is linlltcd to thwL ma(ier4 %ei out in ihe slatcmcni below. Indepen•Jent exomlner's sthtemEnl In coThneLtion with my examination. n(} maitcr hd¥ come la Tny atteniion.. {11 whilh givcA mc rcasonablc cauye to bclicvc thai in any mdicrial re5PCCt thc rcquircmenis.. to keep acLI)untin8 recurds in accordancL wilh seLtiun 130 of ¢he 2011 A¢t: and to prepare occounty which ¥¢¢ord wilh the accounting CordS 8nd ¢omply with thc ounting r¢quircmcnts tsf ihL 2011 Act and with ihe mcthod8 and principl¢$ of ihe Siaicm¢nt of RLLomrnended Pr¢1¢¢ (FRS102) . AcLountiTrg and R¢puriirtg by Charities. have not been met: or {21 tv whiLh in my opinion, aitention should bc drawn in order to enable u pri)p¢r und¢rstundin8 of Lhe aLcuuni8 to be reaLhcd. Christopher Sale Chart¢red Accounianl IICAF.W} Jnc Busine58 Solutions Limited 24 Uppcr Hall Park Berkhamsied HP4 2NP I l May 2025
ST STEPHEN'S PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Unreslrlcted Reslricted Funds Funds Tolal To¢al 2024 2023 INCOMING RESOURCKg Volutltary Income Activities lor Generating Funds Income from Inv¢%imenis Income from Church Activities Totsl Incoming resources 2a 2b l96.856 54.580 71 5,214 256.721 43,700 240.556 379.931 54.580 50,561 71 56 5,214 300.421 438,()44 2d 43.700 RF.SOURCES EXPENDED Church A¢tivities Coxi ofGcner#ting Funds Professional Fees Governani¢ Co5ty Total resources expended 229.397 8.172 352 3.750 241,671 36,0 7,7 265.397 378.8311 15,872 14,927 352 12.430 3,750 3,375 285.371 409,570 3b 3d 43.71XJ Net Incomln8 1(outgolng) reMuree$ 15,050. 15.050. 29,074. Net Movement In Fund$ for the perlod 15.050. 15.050. 29,074. TOTAL FUNIKS BRnUGirr FORWARD TOTAI. FUNDS CARRIED FORWARD 62,495 33,421 77.-545 62.495 77,545 No separmtc italemeni uf Total Recognhscd Gain.1 gnd I.os%s ha8 becn prescfttcd 8% all such gain$ and losiu havc been dealt with in the Staicmeni of Pinancial Aciiviii&¥ Th¢ net movcmcnt in funds for the ycar arise from th¢ Lharity's continuin8 opcrati()ns.
ST STEPHEN'S PCC BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 Unrtatrieted RtrIcted Funds Funds 2023 Totsl 2023 Totsl 2014 CURKKNT ASSETS Stock Debtor Cash bank and in hand 22.930 12.702 67,022 59.934 89.951 72,636 67.022 89.951 LE&S CRF.DITORS: Amnunis falling due within one year (12,406) 112,4()6} 110.1401 NET CURRbwf ASSETS ILIABII,ITIES} I 77.545 62.496 TOTAL ASSETS LVSS CURRENT LIABII.ITIK 77.-$4.1 77.545 62,496 CREDITORS.. amoun¢s fAlling duc after morc Ihan one ycar B#nk loan NET ASSVT.$ 77,54.5 77.545 62,496 FUNIX¢4 OF THE CHARITY Unresiricied Funds Gcn¥ral 77,545 77,545 62.490 Re%tricLcd inLome Fundy 77.545 77.545 rocticc. 62,496 ccouniing The financial siatemcnls have bccn prepared in accordancc wilh ihe proviyions ol. I and Reporting by ChAriiiei FRS10212019). )e cci)mm¢ Th¢s¢ finuncial statemcn¢¥ w¢r¢ appr()ved by thc PaToGhi)I Church CounLil and arc sign¢d ind auihoriscd for issue on ihgir bchalf by.. Revd Phlllp B4rnes Dat¢ IA M¥4y 2025 C11TnN
ST STEPHEN'S PCC NOTES TO THE FINANCIAL STATEMENTS For ihe Year ended JI Deeember 2fj24 l) AccouNfING POLICIES BASTS OF ACCOUNTING The financial 51aiements have been prepared Under the hislorical cost convention and in accordance with the ChuKh Accounting Regulations. and appliLable accountin8 Standards and ihe Statement of Recommended Practice. Accounting and Reporting by Charities 12LK151. FUNDS Gencral funds repr¢bLni thc of thc PCC IhÈil lire not subject to any Tesirictions regarding their use and are available for application on ihe gLnerdl PUTEK)s¢s of lh¢ PCC. Theye include funds dcsignatrd for parlicular purposes by the PCC. The pu]v)se of Ilny re%tri¢tcd lundg 18 nOd in the accounts. The accounis inLlude Irun5aciion$. asseis lidbilii¢s for which the PCC Lon be held resE¥)nsible. They do in¢lude the accounts of Chu Groups thai own an affiliation 10 another blY nor iho¥e thai are infornul gathering5 of Chur¢h members. INC'OME POLICY Voluniary incomc including donations and 8ran(s yre recogniscd where there is eniitlment. certainty of receipt and the amount can be mcasurcd with suffici¢nl rclillbilily. Amounls Tcccivable undcr cov¢nanl urc reco8ni¥ed vnly when honourcd by Ihe coven4nter. Incorning resourcc$ from lax rcLlaims for Gift Aid are included in the SOVA where ihcre is entitlement, certBiniy of reccipt and the am¢)unt can be med%uTcd with sU]lIent reliabilily. CJrant% and Icgacie% are aLc¢)untcd f(&r A% won 48 ¢h¢ PCC is nrjiificd of 118 ¢nlitl¢mcnt and ihe likely ¥mounL du¢. unds raised by ihc festival and similar evenl¥ ¥re accounlcd fur gro&¥. S&Llc8 ofbook¥ ma8a7.ines fnTrm ChUb book8iall8 are LLuUTlted for gro&4. Other ordlnory Inme Rcnial ineon frvm Ictling of Church premisc8 i8 countcd for when rcccived. Parochilll fec8 duc lo ihe PCC lor weddings, funerAl$ e(c arc uccounicd for on an eveni by event basi5. Investmettl Income Divid¢nd% and intcresi arc accounied fr)r when duc. Tax r0Verable on xuch incomc li accrued for ort the samc basis. RKSOURL'ES EXPENDED F.xp¢nditure is r¢¢ogni5¢d on an aLYruals basi$ as a liability iy incurred. Charitable Lxpcnditure compriscx tho8L costs incuTr¢d by the Charity in ihe delivL'ry of lh¢ aetiviti¢% and seTvi¢es for it8 bcneficiari¢8. It in¢lud¢8 boih Losty thai ¢on b¢ alloc4ied directly to su¢h tivItieS and ihose ¢os¢$ of an indirect naiure ne¢&%sary to support ¢h¢m. All are allocatcd bctwcen ihe Lxpcnditure cutcgories ot lh¥ Staiement of Financial ALLhvities on a $15 dcsigncd io relleei the use of the r¢sourcc. Costs rel4ilin8 to 4 pwticular aciiviiy arc aIlw dirccily, hLr5 &c allwakd on an appropriaie ba81Y. ACCOUNTING FOR GRANTS AND DONATIONS Grants GTanl& and Donations are aecounled for when the payment has been made or authoTis¢d and due for payment. Costs dlreetly rel4¢ed to the work ofthe Chweh The Diocesan quota is accounted for when payable and any unpaid at 31 December 2023 is shown as a ¢rediior in the Balance SheeL.
ST STEPHEN'S PCC NOTES TO THE FINANCIAL STATEMENTS For the Ye ended 31 Dteember 2024 Iconlinued) FIXED Assrrs CoNseernted land and bllildlngs and movable Chureh furnlshings Consecrated and b¢neficed properly is excluded from the accounL5 by s 96(21(cl of the Chariiies Act 1993. No value i5 placed on movahle Church furnishings hcld by the Churchwardens on 5pccial tnJs( for the PCC 8t which require a faculty for ¢Jisposal since the PCC Lunsiderg thi5 to be intiliinable prOrtY. All exndItre incUd during the year on cons¢cratcd or beneficed buildings dDd movable Chuieh furnishings, whether maintenance or improvemeni, is wri[n off. CURRF.NT ASSETS Amounts owing to the PCC in r¢sp¢ct of fees, renis or oth¢r income are shown 88 dcbiors 1¢$s iny provision for amoun1$ ihai rnay provc unrecov¢rabl¢. FUNI)S Unre&iricd funds are v4ilble for use At th¢ disereti¢)n of the members of the PCC in furthcranc¢ of th¢ general objectiv¢J of th¢ hirity. R&%triLied Cunds are subjceied LO restri¢¢ions on their exp¢ndilure imposed by the donor 4nd •r¢ segre¥aied fr)r use for IhAI 8peLific purpose. INL'OMING RESOURCKS Unrealrlclcd Re8trlct¢d Funds Vunds Tot1 2023 Total 2024 2H) VOLUNTARY INCOME Planned Givin8 12.5.f 8 12,5.58 15.630 Collcciions 6,279 11,2( 6.279 8,206 8,599 2.682 910 Donation& ¥nd appcal% Fr Alan leaving gift GWD Lcgaciei Tax recoverable 3,721 8,823 6,143 3,721 8,1123 526 4(M) 7,529 58.085 LPWS 45,73U 45.730 94,361 36,(K)0 36.000 Si Sieph¢n's F.ndowmen( Tru%lee8 St Stephcn's Hou8¢ Administrative Suppori Cffanl Supw)rt Cir4LnL D¢v¢lopm¢nL Graft 36,000 22,000 iofj,00 9,126 136.126 7,7 29,7(1) 29.2fA) ID5,0(NI 99.521 9.126 96,746 17Y,826 261,467 43.700 Old Possum Trusl 15,000 15,OQNJ 1S.0(xI Insurance Claim 9.103 TOTAL VOLUNTARY INCOME 196,tl56 43.700 24n,556 379,931 io
ST STEPHEN'S PCC NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Deeember 21ll4 {Continuedl Unrestrleted Restricted Funds Funds TotAI 2023 TDto12024 2b) AcfiviTIFS FOR GENERATING FUNDS Church & Hall Letiings TOTAL 54,580 54.580 54,580 50,561 54,-58U 50,561 2cl INCOME FROM INVESTMENTS Bank Interest TOTAL 71 71 71 71 56 56 2dl INCOME FROM C.HURCH A1vITIEs M£iga7.In&s, Book5 (* Votive Landles Lilurgical fee Musi¢ In¢¢)mc UlheT In¢om¢ 'IU'I'AL 150 3,575 4,220 1.950 3.264 1,950 3,264 TOTAI. INCOME 256,721 43,700 2024 untrIcted Re8trlettd Fund Fund 3(Kl.421 438,644 2023 Tot81 2023 RVSOURCLS EXPF.NDED CHARITABLF. ACTIVITIF Total 21124 3A) Church A¢tlvltieB Dioccsan Commun Pund vicage expcn¥e Ministry Support oitice F.xpcnyc8 ChurLh Trlcdling & Li&ihtin Church M¥inten&nc¢ & Repair ChurL'h Minor Work¥ ChurLh Dcvelopment W¢)rks In%urancc SacrisLy Mu81¢ Vcrgerfs Sdlary & I,¢¢% Verger's Flat F.xpenxs R¢)s¥ Egcrton estatc Gencrdl ExpcnsC5 Subscriptort¥ & Charitable Giving Brookwv(NJ Special F.v¢nt Catering Fr Alan leawin8 81 Chrib Hamiliun Insurart¢e claim Bank Charges 511,084 33.216 91,300 112,459 639 2.784 2,784 6,392 17.628 19.161) 1.490 9.126 11.475 4,365 51,515 23,IXIU 4,409 3.264 3,737 2,141 819 2,732 3.929 17,628 11,674 19.160 32.169 11.490 46,Y84 9,126 115,216 11.475 Y.943 4.365 4,885 51,804 23,(M)0 21,658 4,409 4,322 3,264 4,186 3,737 4,510 2,141 819 2,732 780 2.996 910 1,41M) 68 265.397 378.83H 229.397 3blCost of Generatlng Funds Church Hall Expens¢3 Publiciiy 5,542 2,6311 8.172 7.700 13,242 12.381 2,630 2,546 15.872 14,927 7.70 Jc)Professlonal Fees Architl Propcrly Consultant Lighting design 352 352 8,602 2,700 1.128 12,430 352 352 li
ST STEPHEIY'S PCC NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 (Continued) 3d) Governance Costs Independeni examiner 3.750 3.750 3.750 3,750 3.375 3.375 Unrestrleted Re¥trlcted Funds Funds Tothl 2023 Totsl 2024 4) STAFF COSTS Wage% & Sdlari¢s Employerb Nl 23,0(K) 7.700 30,7(M) 28.908 23.QO 7,70U 30.71)0 28,Yll¥ During (h¢ year (he PCC employ¢d 2 members of Siaff at a $alary less than £40.0 p.a. Unrestrlcted Restrlcled Trunds Tothl 2023 51 DEBTORS Trf¥l 2024 Outstanding hire invoices HMRC Gift Aid Eg¢rton e%l&(e PPayM¢n(x in rtspect of copyright fecy and utiliu¢s 5.554 6,143 8.696 5.554 6.143 11,696 4,733 5,432 22,93n 22,93U 12,702 Uftre¥trlcted Restrlcted frund& und8 Tothl 2023 61 CREDITORS Tothl 2024 Accruals for fees Direcior of Music fees Diocese of London l)eferred inLomc Charitable Giving 3,750 3,750 3.375 1,265 5,500 1.1191 12,406 1,265 5,500 1.265 5.5 12,4U6 10,140 As#t31 Dec 24 71 RESTRICTED FUNDS AJ #t OA Jan 24 Reeeipts Payments Trner8 S StLphLn's Endowm¢rt( Trusi S Stephen's House 36,000 I3,0) 7.7aO 43.700 143,700) UNRFSTRtCTED FUNDS 62,495 256.721 (241,671) 77,545 TOTAI. FUNDS 62,495 300,421 1285.3711 77.545 Unre51rlcled Restricted und5 Funds 81 ANALYSIS OF LYET ASSETS BY FUI¥D To¢o12024 2023 Curreni &$qct Creditors Duc within on¢ y¢wr 89.951 (12,41)61 77.545 89.951 112,4n61 110,1401 77,545 62.495 li