Charlty registration number 1132166
THE HOLY INNOCENTSAND ST JOHN
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE HOLY INNOCENTS AND ST JOHN
LEGALAND ADMINISTRATIVE INFORMATION
PCC Members
Rev David Matthews
Jane Jales - Licensed Lay Minister
Anthony Biggs
Claudette Gray
Caroline Gordon
Janis Cammell OBE
Oliver Pearcey
Charles Harry
'a Harrison
Chartty number
1132166
Prlnclpal address
Paddenswi¢k Road
London
United Kingdom
W6 OUB
Independont examiner
Begbies
9 8onhill Street
London
EC2A 4DJ

THE HOLY INNOCENTS AND ST JOHN
CONTENTS
Page
PCC Memb8r5' report
Independent examinerfs report
Statement of financial activities
Balan￿ sheet
Notes to the finandal statements
7-20

THE HOLY INNOCENTS AND STJOHN
PCC MEMBERS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The PCC members present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in acwrdance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's [goveming document], the Charities Act 2011 and "Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
(effective 1 January 20191.
Objectlves and activities
The Members have paid due regard to guidance issued by the Charity Commission on public benefit in deciding
what activitie5 the charity should undertake.
The PCC promotes in the parish the whole mission of the church. The church provides a place for worship.
personal prayer or quiet reflection. It also provides a venue for community groups and wncerts.
The PCC fundraises for various charities throughout the year.
Trustees, report
David Matthews continued as the priest of the Parish. He has been the incumbent since 2003. He holds the
freehold. Jane Jales continued as a licensed Lay minster and supports in the delivery of services with Father David.
Anthony Biggs and Claudette Gray continue to be Churchwardens for the Parish. Caroline Gordon also continues
as Treasurer. Jane Lawrence continues as Electoral Roll Officer. The Children's Safeguarding Offi¢er continues to
be Louise Wilson. Louise Corser stepped down as Children's Champion in January 2024. Louise Corser continues
as Children's Champion and Claire Walker continues as DBS evidence checker.
PCC Meetings were held on 25.01.24, 03.03.24, 17.03.24, 25.04.24. 30.05.24, 28.10.24. The APCM was
reconvened on 08.12.24.
The Eloctoral Roll
Th8 number of people on the Electoral Roll as at 31 December 2023 was 335.
As at 31 December 2024 there were 356 people on the Roll: 25 V￿re added and 4 removed. The Electoral Roll
remains an essenlial t¢X)I for all the Parish's mission related activities and stewardship. The G8n8ral Data Protection
Regulation 2018 has implications for the administration of the El8Ctoral Roll and are taken into account on its us8.
The new Electoral Roll was last prepared in 2019. A new roll will be prepared this year 2025.
Fabric Report
2024 has been a busy year for the church. with several ongoing major fabric projects.
With no pemianent Parish Administrator in rde. until the end of May 2024. responsibility for the administration of
Holy Innocents was held by Churchwarden Anthony B￿gS on a freelance basis. Subsequently the Offi￿ has been
rnanag8d by Ihe Church Executive.
Regular bookings have been less consistent than previous years, and it was felt a new approach was required that
lessened the administrative burden and gave financial security to th8 church. In July discussions began with Ballet
Black, who were looking for a new pemianent hom8, about the possibilty of the renowned dance Company
relocating to Holy Innocents. A temporary agreement was reached (in advance of a Licence and Faculty approval)
with the company due to arrive at the end of January 2025. taking exdusive use of the Upper, Lower and Wesl
Halls, and community activity and regular hirer5 rgkKatlng to the Old Vesty. which would be refurbished.
Alongside routine inspection and maintenance. addttional work included repairs to Ihe ageing and unreliable healing
system, ongoing work to the South Transept wall which had been damaged by flooding. and extra rodding of the
North Transept sewer pipes. The Church Archlteci. Robert Shaw, conducted a Quinquennial Report which
highlighted a need for repairs to the stair carpet and toilet ventilation. Some repairslrefurbishments were conducted
at the Vicarage which unfortunately revealed asbestos to be treated. Following damp-proofing and subsidence
repairs at 125 Dalling Road, a project manager was appointed to oversee renovation of the properties. wtth work
due to commence in May 2025.

THE HOLY INNOCENTSAND ST JOHN
PCC MEMBERS. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnancial review
The accounts for Year Ended 31 December 2024 indude the Statement of Financial Activities, which shows
where income has been generated, and how it has been spent and a Balance Sheet showing our financial
position as al 31 December 2024 in temis of assets. monies due and monies OV￿1. The notes to the accounts
give more detail on this analysis and also explain the accounkn.ng policies used in the accounts.
The PCC continue to reviaw local ministy versus Diocesan ministy needs in terms of cashfl¢)w and capitsl works
and for a second year paid a reduced Diocesan contribution.
In 2024 we received a bequest from the estste of Bart)ara Torran￿. which was r￿1Ved in January 2025.
Without this bequest the accounts for Year E[￿ed 31 December 2024 would be showing a loss. This is mostly
due to increased expenditure on our investment propety at 125 Dalling Road as we began th8 refvrbishment
project. The main works will comments in 2025 with the plan to rent the flats out again towards the end of 2025
to bring in a market rental inu)me. In June we received the insurance setdement for the repairs that were carn8d
out in 2023.
We started looking at a new model for renting the halls due to the fact the markets are changing. with 2024 seeing
more cancellations of theatre company bookings than in previous years and regular classes experiencing falls in
numbers. We decided that a Song term licence to one user for the Upper Hall, West Hall and Lower Hall would be
a beÈter option. This would guarantee a fixed income and signtficanlly redu￿ administration. marketing and
maintenance of the spaces. With this new mod81, most of the dasses currently held in the Lower Hall could move
to the Old Vestry.
With this in mind, plans to move the lower hall kitchen to the Old Vestry and reconfigure and decorate that space
have been drawn up with works to start in January 2025.
A new commission by John Affli¢k commenced in December 2024. This will be paid for by the Howard Bennett
estste and will be completed in December 2025.
After many years of underspend on the Vicarage, we stsrted much needed maintenance works to corr8Ct this. to
look after the property. The works, some of which were funded by the Dioc8S8. will conllnue in 2025.
The General Fund continues to have a positive balan￿ wllch is in line with our reserves policy to have funds on
hand to cover emergency situations vthich may arise.
Reserves policy
It is the PCC'S aim to maintsln a balance on unrestricted free funds (rf possible). which equates to approximately
three months unrestricted general fund payments. to cover 8m8rgency situations that may aris8 from time to ts'me
and to ensure sufficient funds are available to cover running costs. As at 31 De￿mber 2024 the general fund is
reporting a cumulative surplus of £472,642 (2023 - £210.512). Wth general fund expenditure amounting to
£212.543 for the year, the balan￿ held on the generdl fund at the balance sheet date would would more than
cover general fund expenditure. The PCC seek to continually improve the ffinancial posrtion through encouraging
an increase in glving to the general fund. whilst attemptlng to reduce the costs of th8 day to day running of the
church buildings.

THE HOLY INNOCENTSAND STJOHN
PCC MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure. governance and management
Constitution
The Parochial Church Council (PCC) Is a corporate body established by the Church of England. The PCC operates
under the Parochial Church Councils (Powers) Measure 1956.
The Church is a charity registered with the Charity Commission under its full name of The Parochial Church Council
of the Ecclesiastical Pansh of Holy Innocents and St John, under registration number 1132166.
Method of appolnlment or electlon of Churchwardens and PCC member8
The method of appointment of Churchwar(lens and PCC members is set out in the Church Representstion Rul8S.
PCC members for the year ended 31 December 2024
Rev David Matthews
Jane Jales Licensed Lay Mlnlster
Anthony Biggs - Churchwarden
Claud8tte Gray - Churchwarden
Caroline Gordon-Treasurer
Garr8tt Chin - Secretary- Resigned 28.10.24
Robyn Gray- Resign8d 28.10.24
Janis Cammell OBE
Ria Harrison
Charles Harry
Victor Matthews- Resigned April 2024
Oliver Pearcey
The PCC members, ￿port was approved by the Board of PCC Memb8ts.
4J. A/.fr. edtlx
Rev David Matthews
Date..

THE HOLY INNOCENTS AND ST JOHN
INDEPENDENT EXAMINER'S REPORT
TO THE PCC MEMBERS OF THE HOLY INNOCENTS AND ST JOHN
I report to the PCC membars on my examination of the financial statements of The Holy Inn¢Jcents and St John {the
Charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the PCC members of Ihe charity you are responsible for the rrfeparation of the financial statements in
accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examinatron of the charivs financial statements carTTed out under section 145 of the 2011
Act. In Girrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent examln8Vs ststement
Since the charity's gross income exceeded £250,000 your examiner must b8 a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW,
which is one of the listed bodies.
Your attention is drawn to the fact that the chanty has prepared financial statements in accordance v4ith Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statement
of Recommended Practsce issued on 1 Apnl 2CK15 which is referred to in Ihe extant regulations but has now been
withdrawn.
l undersknd that this has b8en done in order for financial statements to provide a true and fair view in a¢cordance
with Genèrally Accepted Accounting Prdctice effective for ￿porting periods beginning on or after 1 January 2015.
I h8V8 completed my examination. I confirm that no matters have come to my attention in Ix)nnection with the
examination giving me ¢ause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by s8Ction 130 of the 2011 Act: or
the financial statements do not accord with those records: or
the financial slatements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view vthich is not a matter considered as part of an independenl examination.
I have no concerns and have come across no other matters in connection wlth the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial slatements to be reached.
Kathering Dee FCA
Begbies
9 Bonhill Street
London
EC2A 4DJ
715125

THE HOLY INNOCENTS AND ST JOHN
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted Restricted
funds
fund$
2023
2023
Total
2024
2023
Not8s
Income and endowments from:
Oonations and legacies
Charitable activities
Other trading activities
Investments
Other income
359.134
90.022
1,859
5,217
15,180
750
359.884
.022
1.859
5,217
15,180
99.306
107,416
1.440
10,941
26.327
7.750
107,056
107.416
1.440
10.941
26,327
Total Incomo
471,412
750
472.162
245.430
7.750
253.180
Expenditure on:
Investment property
Charitable activities
32,096
182,698
32.096
190.448
1.190
191,991
1,190
194.741
7,750
2,750
Total expendltur8
214,794
7.750 222.544
193,181
2,750
195.931
Net gainsl(losses) on
investments
14
(1,594)
158
(1,4361
28
590
618
Not incomèllexpendlture) and
movement In funds
255.024
(6.842)
248.182
52.277
5,590
57,867
Reconciliatlon of fvnds:
Fund balances at 1 January
2024
1,283,589
91,511
1.375.100
1.231,312
85,921 1'.317,233
Fund balances at 31
December 2024
1.538,613
84.669 1.623,282
1.283.589
91,511
1,375.100
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activits'e5.

THE HOLY INNOCENTS AND ST JOHN
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investment property
Investments
16
17
18
976
1.000.000
64.865
1,222
1.000,000
66,301
1,065.841
1,067.523
Current assots
Debtors
Cash at bank and in hand
19
327,227
255,369
80.572
287.123
582.596
367,695
Credltors: amounts falllng due wlthln
one year
20
(25,155)
(60,118)
Net current assets
557,441
307,577
Total assets loss current Ilablllties
1.623,282
1,375,100
The funds of the charlty
Restricted income funds
Unrestricted funds
24
25
84,669
1,538,613
91.511
1.283.589
1,623.282
1,375,100
> /a3/zo*5
Th8 financial statements were approved by the PCC members on ........ . .
Caroline Gordon

THE HOLY INNOCENTS AND STJOHN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity inforniatlon
The Holy Innocents and St John is a is a charity registered wilh the Charity Commission and a partof the
Church of England established by the Parochial Church Council's (Powers) Measure 1956 as amended by the
Church Representation Rules.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the dwrity's goveming document, the
Charities Act 2011, FRS 102 Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland-
{'FRS 102") and the Charities SORP "Acr￿untIng and Reporting by Charities: Statemènt of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). The Gharity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charTties not to prepare a Ststement of
Cash Flows.
The financial statements have depart8d from the Charities (Accounts and Reports) Regulations 2008 only to
the extent requir8d to provide a true and fair view. This departurè has invotved following the Stat8ment of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial stst8ments are prepared in sterfing. vthich is the functional curren¢y of the charity. Monetary
8mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. modified to include the
revalLSation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concem
At the time of approving the financial slatements, the PCC members have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC
members continue to adopt the going concem basis of a￿OUnting in preparing the financial statemenls.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the PCC member5 in furtherance of their charitsble
objectives.
Restricted funds are subj8Ct to specific u)ndrtions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitted to tt after any performance conditions have been met,
th8 amounts can be measured reliably. and it is probabl8 that incJ)me will be received.
Cash donations are recognised on receipt. Oiher donalions are recognised On￿ the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income ￿ rewverable in
relation to donations received under GiViAid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised when the charity has been rK)tified of an impending distribution, the amount is
known, and receipt is expecied. If the amount is not known. the legacy is treated as a contingent asset.

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to Iransfer economic benefft to a
third paty. it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure Is classified by activity. The cx)sts of eath activty are made up of the total of direct costs and
sh8r8d costs, induding support costs involved in und8rtaking each activity. Direct costs attributable to a single
activity are allocated directly to that actNity.
Expenditure on charitsble artivilies comprises otsts incurred in the church's operations, including support
costs and govemance costs apportioned to charitable activities.
Grants payable are charged in the year when paid over, or when awarded. rf that award creates a binding
obligation on the PCC.
1.6 Tangible flxed assets
Tangible fixed assets are inilially measured at cost and Subsequently measured at or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuallon of assets less their residual values over their
useful lives on the following bases:
Fixtures and frtlings
Computers
20% reducing balance
20% reducing balan
The gain or Soss arising on the disposal of an asset is determined as the dlfference between the sale proceeds
and the carying value of the asset. and is reojgnised in statement of financial activities.
Consecrated and b8n8fic8d propety is exduded from the financial statements in accordance with the
Eoclesiastical Jurisdiction Measures and the Charities Act 2011. No value is placed on moveable church
furnishings held by the church wardens on special trusl for the PCC and which require a faculty for disposal
since the PCC considers this to be inalienable property and no reliable cost information is available. All
expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings,
whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activits'es and
separately disd058d. ￿K￿nditUre on moveable fumiture and equipment is capitalised.
The PCC is responsible for managing the insurance of the Church Building and contents. At the balance
sheet date the insured value with Ecclesiasti￿1 was £24.600,000 which should be revi8wed regularly by th8
pcc.
1.7 Investment property
Inveslmenl propety. which is property held to eam rentals andlor for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the repo￿"ng end date. The surplus or deficit on revaluab'on is recognis8d in
profit or loss.
1.8 Fixed asset investments
Fixed assel investments are initially r(Easured at transaction price excluding transaction costs, and are
subsequently Measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
. FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.9 Impairnient of fixed assets
At each reporting end date, the charity revievts the carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to detennine the extent of the impairment
loss (if any).
1.10 Cash and cash equivalents
Cash and cash equNalents include cash in hand. deposits held at call with banks. other short-temi liquid
investments with Original mabjrities of three months or less. and bank overdrafts.
1.11 Financial instruments
The charity has elected to apply the provisions of Sertion 11 'Basic Financial Instruments, and Section 12
'oth8r Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in th8 charitys balance sheet when the charity be￿8S party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with th8 n8t amounts presented in the financial statements. when
there is a legally enfor￿able nght to set off the recognised amounts 8nd there is an intention to settle on a net
basis or to realise the asset and settle the li8bilty simultsneously.
Basic financlal assets
Basic financial assets, whith indude debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaclion, where the Iransaction is
measured at the present value of the futur8 receipts diswnted at a market rate of int8rest. Financial assets
classified as receivablè wlthin one year are not amortised.
Basic Ilnancial liabilitles
Basic financial liabilities. including creditors 8nd bank loans are initially recognised at transaction price unless
the arrangem8nt constitutes a financing transaction, where the debt instrument is measured at the present
value of the future paym8nts discx)untèd at a market rats of interesL Financial liabilities dassified as. payable
within one year are not amortised.
Debt instruments are subsequenlly carried at amortised c4)st. using the effective interest rate method.
Trade creditors are obligations to pay for goods or servic8S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are class]fied as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amorttsed cost using the effective interest method.
Derecognition of financial Ilabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused tM)liday entitlement is recognised in the peri(MJ in which the employ88's services are
rec8ived.
Temiination beneffts are rewgnised immediately as arr expense when the Gharity is demonstrably committed
to temiinate the employment of an employee or to provide temiination benefits.
1.13 Retirement beneffts
Payments to defined contrtbution retirement benefft schemes are tharged as an expense as they fall due.

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcies
(Continued)
1.14 Comparatives
Comparatives have been reanalysed where necessary. No ¢hange has been made to the net assets of the
pcc.
Critical accounting e5tlmates and judgements
In the application of the charity's accounting policies, the PCC members are required to make judgements,
estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevanL Actual results may differ from these estimates.
The estimates and underfying assumptK)ns are rewewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised wher8 the revision affects only that
period, or in the period of the revision and ftrture perii>Js where the revision affects both Gurrent and future
periods.
Income from donatlons and legacies
Unrestrirted Restrictsd
fund$
funds
2024
2024
Totsl Unrestrlcted Restrlctsd
funds
funds
2023
2023
Total
2024
2023
359,134
750
359.884
99.306
7,750
107,056
Donatlons and glfts
Donations
Grants
HMRC GiftAid
Bequests
47,822
(72>
11.384
300,000
47.822
(72)
11,384
300.750
64.112
3.566
13,327
18,300
7.750
71,862
3.566
13,327
18.300
750
359.134
750
359,884
99.305
7.750
107.055
Income from charitsble aclivtties
Unrestricted
funds
2024
Unrestrictgd
funds
2023
Sundry income
Rental of church hall
Rentsl income from school
Ground rent
2.517
77.305
10,000
200
1,898
71,985
33.333
200
90.022
107.416
10-

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other trading activftles
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising events
1.859
1,440
Income from investments
Unrestrlctsd Unre$trlct8d
funds
funds
2024
2023
Rental income from investment propety
Interest and dividends receivable
6,992
3.949
5,217
5.217
10,941
Other Income
Unrestricted Unrestrlcted
funds
funds
2024
2023
Other income - Insuran￿ claims
15,180
26.327
Expandlture on raising funds
Unrestricted Unrestricled
funds
funds
2024
2023
Trading Costs
Costs of investment property r6pairs and maintenance
32,096
1.190
11

THE HOLY INNOCENTSAND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charftable activlties
Church
activities
Church
activities
2024
2023
Direct costs
D8preciation and impairment
Diocesan quota
Services
General Repairs and maintenance
Insurance
Heat, light and other services
244
47,150
25.801
50.167
11.018
15.186
305
45,998
20,876
37,784
8.526
16,650
149.566
130.139
Grant funding of adiviti8s (see note 10)
5.016
23,210
Share of support and governance costs (see nots 11)
Support
Governance
33,226
2,640
39,592
1,800
190,448
194.741
Analysis by fund
Unrestrid&d funds
Restricted funds- g8n8ral
182,698
7,750
191.991
2,750
190.448
194.741
10 Grants payable
Grants and Gronts and
gifts
2023
2024
Grants to instiiutions:
Bassuah Legacy Foundation
UNICEF
Upper Room St Sawours
West London Action for Children
Other small donations
Jennie Thomas Bequest Tfr to J C Clarkes Charities
Grfts to individuals
1,300
608
1,300
908
1,000
595
715
18,300
2.600
5.016
23,210
12-

THE HOLY INNOCENTSAND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Support Costs allocated to activities
2024
2023
Staff costs
Office expenses
Telephone
Administrator fees
Professional f88s and subs¢xiptions
Cleaning and gardening
Bank charges
Agency staff
Govemance
3.266
3,074
1.490
8.000
1.137
10,457
181
5.621
2.640
2,665
3,127
1.277
22.660
898
8.715
250
1,800
35,866
41,392
Analysed botwgen:
Church activities
35,866
41,392
12 PCC Members
None of the PCC members (or any persons connected with them) received any remuneration or benefits from
the chanty during the year. Two trustees re￿Ived travel expenses totalling £75.
13 Employees
The average monthly number of employees during th8 year was..
2024
Numbor
2023
Number
Ernployment costs
2024
2023
Wages and salaries
Pension costs
3.235
31
2.665
3.266
2,665
One member of staff V￿rked for five months during the year (2023.. four months)
There were no employees wh¢)5e annual remuneration was more than £60,000.
13-

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Gains and losses on Invoslments
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Gainsl(losses) arising on:
R8valuation of
investments
(1,594)
158
(1.436).
28
590
618
15 Taxation
The charity Is exempt from taxation on its activities because all ts income is applied for tharitabl8 purposes.
16 Tanglble fixed assets
Fithf•s and
ffttlng¥
Compul6r•
Total
Cosl
At 1 January 2024
26.846
1,537
28,383
At 31 December 2024
26,846
1,537
28.383
Depreclatlon and Impalmient
At 1 January 2024
Dèpr8ciatiorb tharged in the year
25.890
191
1.273
53
27,163
244
At 31 December 2024
26.081
1,326
27,407
Carrylng amount
At 31 December 2024
765
211
976
At 31 December 2023
957
265
1,222
17 Investment proporty
2024
Fair value
At 1 January 2024 arKI 31 De(*mber 2024
1,000,000
14-

THE HOLY INNOCENTSAND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Investment property
(Contlnued)
Investment propety comprises the freehold land ar)d buildings located at 125 Dalling Road, London W6 which
were acquired more than 80 years ago. The historical cost of the propety can be reasonably estimated at
£5.000. resulting in a revaluation reserve of £695,000 being estsblished in the 2011 financial statements.
The market value of the investment propety has been arrived at on the basis of an estimation carried out by a
local surveyor and estate agenL The valuation undertaken on 12 February 2015 resulted in an increase in the
valuation of £300,000. The most recent valuat￿n. undertaken on 5 March 2019 resulted in no change to the
propertvs value. On this basis. no deprecialion is deomed appropriate.
The trustees do not o)nsider the market value of the P￿pertY at at 31 December 2024 to be materially
different from Ihe most recent valuation undertaken. and the carying value in the financlal stat8ments at the
balance sheet date remains £1.000.000.
18 Flxed asset investments
Listed
Invèstrnents
Cost or valuatlon
At 1 January 2024
Valuation changes
66,301
(1.436)
At 31 December 2024
64,865
Carrying amount
At 31 De￿mber 2024
64,865
At 31 December 2023
66,301
All the fixed asset investments are held in the UK ashje from Jackson inc shares which ar8 US based.
Listed investments comprise the followng=
353.07 Louisa Bardin Walkerfor Choir Fund {2023- the Sa￿)-
1,174 Prudential plc shares (2023 - the same).
29 Jackson inc shares (2023 - the same):
1,174 M&G plc shares (2023 - the same).
1,109.093 units of M&G Charifund (2023- the same); and
1,277.07 CBF Church of ErwJland Investrnent Fund income shares (2023 - the same), which will be held for at
least the next 12 months.
With the exception of the Cholr fund. where the assets are held withln a restricted fijnd, 811 investments as at
31 December 2024 are held within general funds. Originally the PNdential share5 were a bequest to the
church to help fund the rede¢oration of the chanr£l. The paintings for the thancel were acquired in 2018, but
paid for out of general funds already held in the PCC bank a(￿)Urrt rather than liquidate the investments.
Therefore to reflect this exchange of cash for investrnents beiween funds the investments held in the
Redecorabon of the Chancel Fund w￿re transferred to the general fund at 1 January 2019 at the value of
£16.459 (being the markat value as at 31 December 2018).
The total is historic cost of the investments is estimated to b8 £52,728.
15-

THE HOLY INNOCENTS AND STJOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
. FOR THE YEAR ENDED 31 DECEMBER 2024
19 Debtors
2024
2023
Amounts falling due wlthln one year.
Trade debtors
Other debtors
Prepayments and accrued income
4,177
320,969
2,081
34,142
44.534
1.896
327,227
80,572
Other d8btors contsins a £300,000 legacy to which the PCC berame entitled before the balance sheet date
and was received on 31st January 2025.
20 Credltors: amounts falling due wlthln one yèar
2024
2023
Notes
Deferred income
Trad8 creditors
Olher credito
Accruals
6,750
8,835
1.800
7.770
34,331
4,548
7,285
13,954
25.155
60,118
21 Capital commitmerrts
At th& balance sheet date the PCC had agreed to th8 following capital payments -
1) Refurbishment of th8 Old Vesty to take place at the start of 2025 at a quoted ￿$t of £29,108.
21 Commission of artwork for the Ghancel - total cost £25.000. First instalment of £7.000 VRS already paid
during the year under review.
22 Deferred Income
Deferred income is included in the finanaal ststements as follows:
2024
2023
Deferred income is included wtthin:
Current liabililies
6.750
34,331
Movements in the year.
Defe￿ed income at 1 January 2024
Released from previous periods
Resources deferred in th8 year
34,331
(34.331)
6.750
12,764
(12.764)
34,331
Defe￿ed income at 31 December 2024
6,750
34,331
16-

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Def8rr8d Income
(Contlnued)
Deferred income represents thurch réntal bookings following year.
23 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in resFed of defined (x)ntribution schemes
31
The charity operate5 a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the tharity in an independently administered fvnd.
Restricted funds
The restricted funds of the charity comprise the unexpeThJed balances of donations and grants held on trust
subject to Specific condrtions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
Galns and
losses
At31
Docember
2024
Church Fabric Fund
Louisa Bardin Walker for Chior
Fund
H Bennett Fund
Nina Drucker Trust
Legacy from Marion Iles-Hunt
57.510
57,510
7,006
21,995
5.000
158
7.164
14,995
5,000
(7.000)
750
(750)
91.511
750
(7,750)
158
84,669
Provious Year
At 1 January
2023
Incoming
resources
Resour¢es
expended
Gains and
losses
At31
December
2023
Church Fabric Fund
Louisa Bardin Walker for Choir
Fund
H Bennett Fund
Nina DruckerTrust
57.510
2.750
(2.750)
57,510
6.416
21.995
590
7,006
21.995
5.000
5.000
85.921
7.750
2.750
590
91,511
Church Fabric Fund
Louisa Bardin Walker for Choir Fund
H Bennett Estate
Nina Drucker Trust
Legacy from Marion Iles-Hunt
Care of the thurch building
Music Ministy of the church for divine wi)rship
Redecoration of Chancel
For Keyboarrj Instrumentslvicarage
A contribution towards the Tenebrae Hearse
17-

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Unrostrlcted funds
The unrestricted funds of the Gharity ￿mPriSe the unexpended balances of donations and grants which are
not subject to specific condibons by donors and grant0￿ as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific PU￿￿}Se5.
At 1 January
2024
Incoming
Resources
rnsources expèndod
Transfers
Galns and
losses
At31
December
2024
Irene Hayes
Bequest
Friends
Committee
St John's
Church Hall
Revaluab'on
Reserve Dalling
Road
Historical Cost
Oalling Road
Fire Alarm
H Bennett Fund
General Funds
8.752
(2.250)
6.602
2.912
2,912
44,783
1.076
45,859
995.000
995.000
5,000
815
15,815
210.512
5,000
815
15,815
466.710
471.412
(212,544)
(2,670)
1,283,589
471,412
(214,794)
11.594)
1,538,613
Previous
Period:
At 1 January
2023
Incomlng
rnsources
Rosources
expended
Transfors
Gains and
losses
At31
December
2023
Irene Hayes
Bequest
Friends
Committee
St John's
Church Hall
Revaluation
Reserve Dalling
Road
HistoriGal Cost
Dalling Road
Fire Alarm
H Bennett Fund
General Funds
8.752
8,752
2,912
2.912
42.664
2,119
44.783
995.000
995.000
5,000
815
5,000
815
15,815
210,512
(8,374)
{184.807)
24.189
(24.189)
176.169
245.430
(2,091)
1,231.312
245.430
193.181
28
1.283,589
18-

THE HOLY INNOCENTS AND ST JOHN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
. FOR THE YEAR ENDED 31 DECEMBER 2024
25 Unrestricted funds
(Continued)
Irene Hayes Bequest
Friends Committee
st John's Church Hall
in the parish
Revaluation Reserve Dalling Road
Road which is only expendable on sale
Histoncal Cost Dalling Road
The orvJinal cost of the investrnent woperty at Dalling Road which 15 only
expendable on sale
Dalling Road Fire Alarm
H Bennett Fund
For special projects for the churth
Altar Guild
Furthering the religious and Oth￿ charitable work of the Church of England
The increase in the value of the investrnent propety at Dalling
Money allocated to the installation of a fire alarm
Money allocated lo church r8decoration and conservation work.
26 Analysls of nat assets between funds
Unrestrlctsd
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investment properties
Investments
Current assetsllliabilities)
976
1,000,000
57,700
479,937
976
1.000,000
64.865
557,441
7,165
77,504
1,538.613
84,669
1,623,282
Unrestri¢ted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 December 2023..
Tangible assets
Investment propert¢es
Investments
Current assetsl(liabilities)
1,222
1,000.000
59,295
223,072
1,222
1.000,000
66,301
307.577
7,006
84,505
1.283,589
91,511
1.375,100
19-

THE HOLY INNOCENTS AND STJOHN
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
27 Related party transactions
The incumbènt and the churchwardens are trustees of The Julia Christina Clarke Endowm8nt Fund and
The Julia Christina Clarke Home Fund. both of which are registered charities. The main object of these
charities is to provide for the less advantaged of the parish. At 31 December 2023 the charities held net
assets of £55.553 (2023 - £55,054).
Fees weré paid to Anthony Biggs. Churchv•Brden. for Parish Administration - total £8.000 (2023 £6,000).
During the year totsl donations of £3.938 (2023 - £4.527) were received from members of the PCC.
A special collection was undertaken for the 20th Anniversary of Father David Matthews in 2023 and £2.600
was raised and given in 2024.
-20-