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 meth￿1 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 Co￿ne71
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 s￿phen.$ 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$our¢¢s ihAi we have in ord¢r that we may Lonfidenily ¢nga8e in missinn in 4)ur di%linclivc parl of London.
Und¢r the leadership of our ChurL'hward¢ns we strive io ¢n%ure a warni w¢lcom¢ to everyone who s¢ep8 through lh¢ door for Sunday Mas5.
G¢Duinc holipitaliiy is x di.slingui¥hing mark of lifL at Si Si¢ph¢n's. and our viiilor.% cornmcni fovourably LTrn thc welcom¢ that they have
Teceived. WL arc con5¢10U& that mitny of those who 'bclong' to St Sicphcn's a5 r¢gulur mcmbers of thc con8regalion ar¢ 'timc pnor. Ihe
quality of Ihe Sunday offerin8 t% ¢ven m¢)rc importani. OflLring a warni wclcome, a litur¥y that is at on¢L m&jc%tic and 8IDriou¥, yct in¢imJic and
¢nga8ing, and hospitalily that i¥ generous is b￿ring fruit in a ¥tCddily growiny con8rcgation.
WL wcrc blc%%cd io httvc d number Trt liturgies during 2024 pl which we cijuld otfcr d SPCCi4LI wel¢omc to visitors. On Epiphany Sunday we ho5￿d
a gloriou¥ Solcmn Mass wilh an orchcytra, and ihib wa% followed by a parish lun¢h and thcn a performdncc (Trf Olivi¢r Mc¥siacn'$ 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$hc¥ under his Larc for u glorious celcbralion of ihe resurrcclion. Thc Lhurul mcdil41ion6 01. music and Tcudin8s on PMs8ion Sunday and un ihe
irst Sundlly of AJvcnt al¥u drLW a lar¥L number of Visiiory.
I￿r improved faeililic5 and morc open physiLILI apPear￿n¢6 cxtLrnul is hLlpin¥ lo (Jffer wLILomc io groups whv u4C th¢ church for concerts und
inu5iLal activitiC4, and a ¥l￿dY flow of visilor5 makc their way into church tu li¥ht ￿ candlc ¥nd pray. Dr sirnply to bL' ¥till.
We c(&nlinued 10 uxc the renewed parish webxile and 51xial media ehanncl% u% a means of communicating the life of the churLh more widely. and it
i& ylriking lo notice Lhe reaeh of these. The weekly Parish Email now rcache$ 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 ￿09￿n of Lenl. in 2024 th¢ Parish Email ca￿1Ld 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 NnVeml￿r. 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 Unsp￿tarU]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 #is￿lated 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 adminis￿allOn fee lor scrviLe$ piovided by Si
S￿Phen's PCC to SSHGR Ltd, Ihis was £29.7￿) {£28.721 Jn 2023}, ill a 8cncral support 8r*rtt 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.
RC￿Ty￿S 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 trUS￿e5 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 k￿PIng 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 Safegu￿ding the assets of ihe Church and hence takin8 reasonable steps to preyent and delect fraud ind
other 1￿c6u1￿rlIies.
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 Ch￿7¢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 Inde￿ndent 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%ert￿d 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 R￿trIcted
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
C1￿1TnN

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 nO￿d in the accounts.
The accounis inLlude Irun5aciion$. asseis lidbilii¢s for which the PCC Lon be held resE¥)nsible. They do in¢lude the accounts of
Chu￿￿ Groups thai own an affiliation 10 another b￿lY nor iho¥e thai are infornul gathering5 of Chur¢h members.
INC'OME POLICY
Voluniary incomc including donations and 8ran(s yre recogniscd where there is eniitlment. certainty of receipt and the amount can be
mcasurcd with suffici¢nl rclillbilily.
Amounls Tcccivable undcr cov¢nanl urc reco8ni¥ed vnly when honourcd by Ihe coven4nter.
Incorning resourcc$ 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 ChU￿b book8iall8 are ￿LLuUTlted for gro&4.
Other ordlnory In￿me
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 r￿0Verable 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 prO￿rtY. All ex￿ndIt￿re incU￿d 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&iric*d funds are *v4il*ble 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
Tot*1
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 A￿1vITIEs
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
un￿trIcted 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
vic￿age 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
Archit￿l
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 $alary less than £40.0￿ p.a.
Unrestrlcted Restrlcled
Trunds
Tothl
2023
51 DEBTORS
Trf¥l 2024
Outstanding hire invoices
HMRC Gift Aid
Eg¢rton e%l&(e
P￿PayM¢n(x in rtspect of copyright fecy and utiliu¢s
5.554
6,143
8.696
5.554
6.143
11,696
4,733
5,432
22,93n
22,93U
12,702
Uftre¥trlcted Restrlcted
frund&
und8
Tothl
2023
61 CREDITORS
Tothl 2024
Accruals for fees
Direcior of Music fees
Diocese of London
l)eferred inLomc
Charitable Giving
3,750
3,750
3.375
1,265
5,500
1.1191
12,406
1,265
5,500
1.265
5.5
12,4U6
10,140
As#t31
Dec 24
71 RESTRICTED FUNDS
AJ #t OA Jan 24
Reeeipts
Payments Tr￿n￿er8
S StLphLn's Endowm¢rt( Trusi
S Stephen's House
36,000 I3￿,￿0)
7.7aO
43.700 143,700)
UNRFSTRtCTED FUNDS
62,495
256.721 (241,671)
77,545
TOTAI. FUNDS
62,495
300,421 1285.3711
77.545
Unre51rlcled Restricted
und5
Funds
81 ANALYSIS OF LYET ASSETS BY FUI¥D
To¢o12024
2023
Curreni &$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