THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE Accounts for the year ended 31 December 2024 Registered Charity No. 1132566 THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE W ndham Place London W1 Accounts for the year ended 31 December 2024 Contents Pa Annual Report Statement of the PCC'S Responsibilities Independent Auditor's Report 10-12 Statement of Financial Activities 13 Balance Sheet 14 Statement of cash flows 15 Notes to the Accounts 16-23 Page I THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE W ndham Place London W1 ANNUAL REPORT 2024 st Mary Bryanston Square with St Mark St Marylebone is a registered charity, and its charity number is 1132566. The Parochial Church Council (PCC) is a trustee of the charity, and it has the responsibility, together with the incumbent, the Revd John Peters, to promote in the parish the whole mission of the church, pastoral, evangelistic. social and ecumenical. The PCC'S governing documents came into effect on 2nd January 1957 and are: The Parochial Church Councils (Powers) Measure 1956 as amended and The Church Representation Rules 2006. Members of the PCC are elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. Prior to standing for election, PCC members must have exercised leadership in the church and need to be proposed and seconded by rnembers of the congregation. New PCC members receive induction and training from Revd John Peters (chairman) and Sally Watson (secretary). During the year, the following served as members of the PCC: Incumbent: The Revd John Peters Assistant Clergy: The Revd Kristin Breuss, The Revd Matt Coombs, The Revd Andy Haith and The Revd Kirstine Henderson Wardens: David Gyasi and Maggie Sandilands Representatives on: Church Wardens: The following was appointed on 28th April, 2024". David Gyasi Church Wardens: the following resigned on 28th April, 2024: Luke Johnson The Deanery Synod: The following were appointed on 23rd April, 2023: Dreem Nkumbula Ruth Slatter Sian Dixon PCC Members", The following were reappointed on 28th April, 2024: Hannah Booker Tarus Chatman Eric Couffignals Libby Granite Cara Heppell Rob Hyde Jermaine Jarrett Tom Jones Sinora Phillips Peter Russell Max Somerset Jenni Spargo Page 2 PCC Members: The following were appointed on 281h April, 2024: Tarus Chatman Jenni Spargo The following resigned on 28th April, 2024: Isla van Tricht Chris Hassell Ex Officio Members: Sally Watson (Secretary) Auditors: Summers Morgan, Sheraton House, Lower Rd, Chorleywood, Rickmansworth WD3 5LH. BankeTS: National Westminster Bank Plc, PO Box 6037, 186 Brompton Road, London SW3 1XJ. Office: 255 Old Marylebone Road, London NW15QT The PCC has one subcommittee that meets when necessary between full meetings,. the Standing Committee, which met once in 2024. Electoral Roll At the end of the year, the electoral roll stood at 272. Review of the PCC meetlngs The full PCC met six times in 2024. Topics discussed included church life, finances, and the community. At some meetings, the PCC also examined particular issues or discussed new initiatives in depth. Flnanclal Review The accounts for the year are shown on pages 13-23. The accounts comply with the Charities Statement of Recommended Practice 2015 FRS 102. A large partof the income is from congregational giving and gifts from other donors. This is supplemented by maximizing the rental income from parish property. The surplus at the year-end in respect of the Unrestricted Funds amounted to £1,697,144 (2023: £1,887,187 surplus). Capital expenditure of £15,277 {2023: £39,202) was incurred towards worship equipment, computers, and screen winch at church. The restricted funds at the year-end showed a balance of £41,276 (2023: £28,684 surplus). Free reserves at the year-end strictly calculated were negative; however, including fixed assets investments which are relatively liquid, free reserves amounted to £592,145 (2023: £741 ,149). We held gift days in April and November and received a total of £64,911 (inclusive of gift aid) (2023: £129,534} as voluntary donations. One-off donations of £166,991 (excluding gift days) (2023: £125,440) was received during the year. Funds raised through venue hire, ienting of St Mark's and flat came to £778,096 (2023.. £748,084). Review of the Year The church continued to consolidate and grow after the impact of Covid19. Staff The staff team grew as we welcomed more team members and said some sad farewells to others. At the start of the year, we were joined by Emily Rubenstein, who took over venue management. Shortly after, we welcomed Kristin Breuss, who joined part-time as Associate Vicar and has been looking after Prayer, starting the Midweek Serrfice. and helping our clergy find their future roles. Finally, Vicki Evans joined us in the summer, working four days a week to cover the growing Page 3 administrative tasks and taking on some responsibility from Hannah Fairclough, who moved to working four days a week with a focus on communications. We said goodbye to Matthew Crawford, our student leader, and Alec Aguilera, who had moved back to Ameiica. Connected Lives Connected Lives, which runs Toddlers, Marriage Preparation, Circle of Security, and Hold Me Tight Courses, is an independent charity (Charity Number: 1184376) reporting directly to the Charity Commission. Connected Lives was thankful for St Mary's support through the use of office and church space and grants and could not seNe the local community in this way without this support. Toddlers The Toddler Groups ran on Mondays and Wednesdays from 9:30 to 11:00 am, and over 150 families were supported during the year. Circle of Security Groups In 2024, the CNWL Connected Lives Hub ran 20 Circle of Security groups both in person and online. Three groups were held at St Mary's alongside the Toddler group. The groups continued to positively impact the parents, lives, and the approach, in general, gained increased recognition for its effectiveness. Connected Teen Groups We ran four Connected Teen groups in 2024. This new programme is designed to help parents of adolescents tune into their children's needs and iespond to them in ways that help their children negotiate adolescence in a healthy way. Marriage Courses We ran two Hold Me Tight Courses attended by 32 couples. Little Klds and Creche We merged the creche and Little Kids, Spa￿ after we realised that creche babies and toddlers preferred to be in the bigger space. The change has been working well. The toddlers like to listen during Bible time, but otherwise we let them move around. They have all loved the snacks, craft times and being with older kids. Numbers were stable even after a few kids moved up in September and we had new families and babies join us. In September, because it is Sirine's last year before ordination, she moved roles for experience purposes but beforehand, we made sure that we had a strong team that would keep on carrying out the work. A whole year curriculum was written with each session developed and now Angle is the one sorting rotas and Jenny Peters supervises the department. The move was smooth and since new families have joined, Little Kids and SMKC have merged their curriculum, giving continuity if some are siblings in different groups and also for when kids move up. It has been encouraging to hear parents, feedback on how at home, they can see their kids, faith and the impact it has. Also, we see them building friendships and confidence. St Mary's Kids. Church (SMKC) Angle and the team ran SMKC, the group for 6-11s. They started the year learning about the core values of St Mary's, then went on a journey of looking at some classic Bible stories and key parts of the Christian faith. SMKC typically had 23-27 children who attend regularly on Sunday mornings and the team grew to 13. Angle and the team took 30 children to 'Go Ape, for a fun Kids, Church Day Out - the children had a blast and friendships were deepened. We saw a noticeable increase in the children's faith throughout the year with children becoming more confident in their faith, bolder in prayer, and more curious about Jesus. Page 4 Holiday Club In August, Angle and the team ran a Holiday Club for primary school-aged children in the local community. We had 25 children attend, and they spent the morning with professional sports coaches, followed by an aftemoon of an explorer themed adventure looking into the life of Jesus. There was a mix of local families and children frorn our Kids, Church children. The children had a great time and there were great conversations with parents. As a result, we've seen some children come along to Kids Movie Night. the Bright Paty and other events. Kids, Movie Nights Angle and Kirstine successfully held a Kids, Movie Night every other month. It continued to be a very popular event for the local community all year round. Families were keen on inviting their friends and other families to these movie nights and actively asked when the next event would be hosted. The biggest Kids, Movie Night had over 130 adults and children attend. Kirstine had great conversations downstairs with the parents, which led to many of them expressing interest and coming along to the Life Course and our Christmas events. St Mary's School St Mary's School continued to enjoy a close relationship with the church this year. Angle led weekly Collective Worship for both Early Years and the rest of the school, while she and Kirstine hosted half-termly school services at the church, often featuring the school choir. They also ran engaging Prayer Space Days and launched a vibrant parent prayer group offering pastoral support. A highlight of the year was the school's 200th anniversary. celebrated with a special seNice in a tent in the playground, featuring poetry, worship, and reflections from Kirstine. Angle also mentored several children through TLG. The school playground redevelopment over the summer was great for both the school and SMKC. We were pleased to welcome Rachel Couffignals as a Deanery Governor, bringing her valuable school experience to the role. Youth Department Our youth group, for 11-18 year-olds, met weekly on Sunday mornings for games, Bible study, discussion and prayer. We consistently had between 15 and 20 young people attend each week. Our older youth discipleship group, for those in school years 11-13, moved from meeting monthly to meeting twice a month. The group gathered during the evening service for worship, food, and conversation about faith and relevant life issues. In March, the youth organised and led a morning service for the second time. Young people from across the youth group welcomed attendees at the church entrance, served breakfast, led worship, gave the notices, read from the Bible, delivered a short talk and facilitated discussion times, In October, St Mary's was invited to host a prayer meeting as part of the Archbishop of Canterbury's London Day of Prayer. We chose to have the youth lead this and, once again, they did an incredible job of providing hospitality, leading worship and leading prayers. They also hosted interactive prayer stations around the church. The prayer meeting was well received with positive feedback from the Archbishop of Canterbury, Justin Welby, the Bishop of London, Sarah Mullally, and our Area Dean, Revd Clare Dowding. In April and May, we ran a pilot programme for GCSE Maths tuition in partnership with the private tuition company Athena Tuition. One tutor supported six students over six weekly sessions. The programme had mixed results: it benefited those with a solid foundation in Maths but did not have the impact we had hoped for amongst those without such a foundation. In August we took 15 young people to the Satellites Christian Youth Festival in August. Over five days, we attended worship services in the morning and evening and participated in seminars, sports activities and evening socials. This was the third time we had taken a group to Satellites and it was again a highlight of the year. The positive impact of this trip carried into our Sunday gatherings with stronger friendships formed, a greater sense of belonging in the church and an increase in their Page 5 faith. Then in November, we hosted a silent disco for years 10 to 13, encouraging them to invite their friends to church. We had 52 young people attend, 39 of whom were invited friends. The event went well, and the feedback from the youth was encouraging. with many saying their friends would attend future events. Students In the first half of 2024, students gathered weekly at the evening service and midweek for a mix of Student Nights and Life Courses. We saw a consistent number of students, around 14-16, regularly considering St Mary's their church. Matthew Crawford and Alec Aguilera regularly met with students pastorally over coffee. In the summer term, the students gathered for 'Student Nights,, where they worshipped, listened to short talks, discussed faith. and prayed together. Matthew and Alec stepped down from overseeing the student group; Matthew remains part of the church, while Alec moved back to California. Some students and new freshers joined the Life Course in the autumn term, with Matt Coombs and Sirine Hammami leading the small group. The students played an important role in the church's life, serving on the kids, worship and serving teams. Love Marylebone The Social Supermarket regularly served around 140 basic supermarket shops per month, and by the end of the year, we had a volunteer team of 30 people. During 2024, we partnered with Selfridges, Vodafone, HSBC, Elemis and other local businesses and completed applications for Westminster Ward Grants and the National Lottery. It was lovely to have members of the Social Supermarket join some of our church events. The focus going forward is to apply for grant funding from Westminster and other local funding organisations. The Homeless Meals continued to run on Saturdays for people without homes and those who are vulnerably housed and they continued to grow. The core team of eight has been hosting the events with a sense of fun and community and these meals regularly feed between 80 and 100 people. We also built a large group of volunteers with over 150 people volunteering on the team in 2024. Life Course The Life Course ran twice in 2024 with weekends away in March and November. John Peters and the team sought to continue making the course as accessible as possible to those unfamiliar with the church and we were encouraged by people's responses. In September, we hosted two Life Dinners to which many church members invited their friends. In January we had a high of 52 people in week one, whilst in October we had the biggest Life Course we have had in over a decade, with a high of 76 in the first week. Small Groups During the year, fifteen of the groups were open to new membeFS and a new group was planned to start in South East London in early 2025. Over the year, the groups were encouraged to attend church social events, Life Courses, Prayer meetings, the Big Day Out and training sessions. They were also encouraged to attend and support any Jigsaw gatherings as small groups. 'Journey from Dependency, is a group which gathers to support people in our community who are pursuing freedom from dependency upon alcohol or drugs. It has doubled in size over the year. This group is in addition to any NA, AA or rehab programmes they are in. From the start of January 2025, it will be covering the Recovery Programme. Uganda Mission Trip Kirstine Henderson, Libby Granite, and Lisa Gillen visited Kiwoko Hospital and Gosheri School in August 2024. They spent time with the Kiwoko Hospital Mission Team and Goshen School teachers and pupils. The trip was well received. Page 6 Prayer Tuesday Morning Prayer continued at 7.30-8.30am at church with 5-10 faithful intercessors worshipping, praying for the church's activities and studying the Bible before heading to Paul for breakfast. In 2024, the group read through the gospel of Matthew. Wednesday's Embers Night Prayer at 9prn started weekly on Zoom during tenn time. We had 30 people signed up and between five and eight joined each week to pray for the ministry of the church and anything else they wanted to bring. It was a good base for prayer, support and other prayer initiatives. The St Mary's office hosted 24 hours of Pentecost prayer from 8am-8pm on May 18th-1 9th with 55 of the St Mary's family covering 1-2-hour slots. We transformed the 'Lower Room, of the Offi￿ 255 Old Marylebone (thanks to the creative gifts of Hannah) across several themes including prayers for the world, for people we know to come to faith. space to read the Bible and share verses of encouragement, looking in the mirror and seeking to see ourselves as God sees us and more. Angle organised activities for children as part of our 'Family Takeoverf slot, and John hosted a Bible study on Ephesians. We plan to host the 2025 Pentecost 24 Hour Prayer in church this June. Lydia Amarquaye and Kristin and team co-hosted a five-week Wednesday evening prayer course in July and August called 'Still' with the aim of demystifying and invigorating our prayer lives, particularly our one-on-one time with God. The evenings included welcome, worship, a video talk from 24￿ prayer, small group discussion and debrief. 54 people attended over the course of the five weeks, with an average attendance of 27 per week. There were a few people there whom we had not seen in church before or since the Spring Life Course. Feedback was positive and we are planning a three-week version again in August 2025. Wednesday Mldweek Servlce Our first ever Wednesday midweek service kicked off on 11th September. The service runs from 11-11.30 am during term time and the church remains open for coffeeltea, fellowship and prayer until noon. 20-25 are now joining weekly, a combination of regular congregation members who prefer a midweek service or 'top-up', people who wander in off the street. and volunteerslguests from Social Supermarket and the Toddler Group, which run immediately prior. After starting to come to the midweek service, a couple of people have already joined the church. Termly themes have included 'Finding Real Rest, in the Autumn and 'Prayer' in the Spring. The team, led by Sirine and Kristin, includes Amalia Beeko, Nathan Brito-Ault, James Francis, Jeavon Hood, Anita Jones, Peter Lord and Arabella Northey. They are increasingly leading and giving talks with clergy support. It is proving to be a great Spa￿ to nurture emerging church leaders, especially given the shortage of slots to lead and preach on Sundays. Friends Following the Fruifful conferen￿, we reached out to the 35 or so clergy or ordinands who expressed interest in some kind of gathering of like-minded leaders, as well as those in our personal networf(s. We hosted around 50 clergy and ordinands on 15th November at St Mary's to launch Friends with an aim to foster support, encouragement, wisdom and friendship across four areas: an intelligent approach to evangelism, a proper and necessary reliance on the power of God, a commitment to being intercultural and a commitment to being LGBT inclusive. Overall. the day was well received and there was a strong desire to meet again by all who attended and many who did not. We shared Life Course and Ministry Training materials with a handful of Friends and one church planned to launch its first Lrfe Course in January. We hope to meet by Zoom between physical gatherings again in November at St Mary's. We also invited Friends to both the Third Person conferen￿ in May 2025 and Fruitful in June 2025. with a special reception planned. Page 7 Big Day Out This year, our Big Day Out looked a bit different as we held a Staycation at the church rather than going off-site. This was due to venues already being booked far in advance and budget constraints. We had 153 people attend the Saturday events, including teaching, worship, kids and youth groups, afternoon games and a spoof talent show in the evening. The team worked hard to make this day just as special as the day last year and we received great feedback from the cong regation and the Spirit moved powerfully. To continue the weekend, we decided to hold just one service on Sunday at 3pm to bring both of the congregations back together and allow those who couldn't make Saturday to experience some of the weekend. This worked really well and was a nice way to make the Sunday feel different and special. We heard great testimonies of the day before and saw the benefits of mixing the congregations to increase the feeling of community and togetherness. Family Carol Service Over 420 people attended our Family Carol Service, and, as usual, it was well received. It was great to see so many local families, particularly those supporting St Mary's School Choir. The service felt warm and friendly. The children and Angle wonderfully performed the nativity. The youth also did very well with the young people reading their prayers thoughtfully and clearly. Carol Service The evening seNice was full of life, with 770 in attendan￿, a significantly larger number than in recent years. The church was beautifully decorated. as usual. We had live readings, a dramatic spoken wordldance opener, a rap, carols, and performances spanning various genres and cultural influences. There were 35 singers on stage and Mike Toolan, Peter Russell, and Joanna Hyde did a fantastic job leading them with enthusiasm. Matt preached. and there was a strong response, with many sign-ups for the January Life Course. This creative and vibrant service was terrific for everyone, including the many guests. Christmas Services Andy Haith led the Christmas Eve midnight cornmunion service for around 40 people, while Kristin Breuss led the Christmas Day service for about 90. These were both well received. Every Day wlth Matt 2024 was our eighth year of Every Day with Matt. The aim of Every Day with Matt has always been to expose the church to the breadth of the scriptures. to resour￿ people in prayer and to utilise the gifts and experience of our church community. This year, we again decided to readllisten to the entire New Testament together. Church App In 2024, the church app was downloaded 240 times and opened around 200 times daily. Sunday talks and audio files were listened to almost 1,610 times, which is down 11 % from the previous year, reflecting more people choosing to watch on YouTube. There were 1,017 unique viewersllisteners on the applwebsite. Talks related to LGBT+ inclusion and the Life Course had the highest number of plays. Charities We continued to support a number of charities with which members of St Mary's are associated. Reserve Policy St Mary's depends on voluntary donations, rental and investment income to sustain its charitable activities. Furthermore, the airn is also to ensure that the above income sources cover the cost of these activities. However, any annual shortfall would need to be covered using the accumulated reserves of St Mary's church. The policy is to maintain a minimum of the above-said reserves to Page 8 cover the recurring expenditure for a minimum period of three months in the form of cash and readily realisable marketable securities. Risk Management St Mary's has systems in place to control and mitigate major financial and other risks. Systems are constantly being reviewed and enhanced to ensure the PCC'S resources are protected and used effectively and efficiently. The principal risk faced by the PCC lies in the variability of income and performance of investments. The trustees consider variability of income received through planned giving and gifts to constitute the charity's major financial risk. This is mitigated by a regular review of income and its sources by the Chair and Treasurer and consideration of actions needed to remediate this, such as a reduction in planned activities and expenditure. Key Management Personnel Remuneration The PCC consider the PCC, including the treasurer and the church wardens, the clergy and the director of operations as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All PCC members give of their time freely and no trustee remuneration was paid in the year, Trustees are required to disclose all relevant interests and register them with the Director of Operations and in accordance with the Trust's policy withdraw from decision where a conflict of interest arises. Pay is reviewed annually and normally increased in accordance with other churches and charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Public Benefit The PCC are aware of the Charity Commission's guidance on public benefit in "The advancement of religion for Public Benefit and regards it in their church administration. The PCC believes that by promoting the Christian faith, it provides a benefit to the public by providing facilities for public worship, pastoral care and spiritual development, both for the existing church members and anyone who wishes to benefit from what the church offers and also, by promoting Christian values and services by members of the church in and to their communities. to the benefit of individuals and society as well as the church. We are immensely grateful to God for all he has done and his provision throughout the year. Revd. John Peters On behalf of the PCC Page 9 THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE W ndliaiii Place London W I STATEMENT OF MEMBERS OF THE PCC'S RESPONSIBILITIES FOR THE ACCOUNTS The Members of the PCC are responsible for preparing the Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Members of the PCC to prepare accounts for each financial year which give a true and fair view of Ihe state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that year. In preparing these accounts, the Members of the PCC are required to: select suitable accounting policies and then apply them consistenlly., observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and pwdent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.. and prepare the accounts on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Members of the PCC are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure thal the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 10 Independent auditor's report to the Trustees of The Parochial Church Council of The Ecclesiasttcal Parish of St Mary Bryanston Square with St Mark St Marylebone Opinion We have audited the financial statements of The Parochial Church Council of The Ecclesiastical Parish of St Mary Bryanslon Square with St Mark St Marylebone {the"PCC") for the year ended 31 December 2024 which comprise the staiement of financial activities. the balance sheet, the statement of cash flows and the notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the Charity's affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance wtth the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We a￿ independent of the PCC in accordance with the ethical requirements that are relevani to our audit of the financial statements in the UK. including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relatln9 to going concern In auditing the financial stalemenls, we have concluded that the members of Ihe PCC'S use of the going concern basis of accounting in the preparalion of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions thai, individually or collectively. may cast significant doubt on the PCC'S ability to continue as a going concern for a period of at least tsvelve months from when the fi'nancia5 slatements are authorised for issue. Our responsibilities and the responsibililies of Ihe trustees with respect to going Goncern are described in the relevant sections of this report. Other Information The other information comprises the information included in the annual report other than the financial slalements and our auditor's report thereon. The members of the PPC are responsible for the olher information contained within the annual report. Our opinion on the financial statements does nol cover the other information and we do not express any form of assurance conclusion thereon. Our responsibilily is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 11 Matters on which we are required to report by exception We have nothing to report in respect of the following rnatters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion: the information given in the financial statements is inconsistent in any material respect with the PCC'S report; or sufficient accounting records have not been kept., or the financial statements are nol in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of the Members of the PCC As explained more fully in the statement of the PCC'S responsibilities statement, the members of the PCC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the PCC determine is necessary to enable the preparation of financial statements that are free fiom material misstatement, whether due to fraud or error. In preparing the financial statements. the members of the PCC are responsible for assessing the PCC'S ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the PCC either intend to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of Ihe Charilies Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misslatementwhen it exisls. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misslatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered capable of deteGting irregularlties, Including fraud Our approach to identifying and assessing the risks of malerial misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations. was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence. capabililies and skills to identify or recognise non-compliance with applicable laws and regulations- and we identified the laws and regulations applicable to the charity through communications with Members of the PCC and other management, and from our knowledge and expeiience of the sector; and we focused on specific laws and regulations which we considered may have a direct malerial effect on the financial statemenl5 or the operations of the charity, including the Charities Act 2011 and taxation and employment legislation; and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management: and identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the PCC'S financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by-. Page 12 making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud- and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of conlrols. we: performed analytical procedures to identify any unusual or unexpected relationships. and tested journal entries to identify unusual transactions., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation; and enquiring of management as to actual and potential litigation and claims- and reading the minutes of meetings of the board of trustees; and enquiring of management as to income due lo ensure income was reported in the correct period. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members and management and the inspection of regulatory and legal correspondence, if any. A further description of our responsibilities is available on the Financial Reporting Council's website at.. I s:Ilwww.frc.or -uklauditorsr onsibilities. This description forms part of our auditor's report. Other matter Sn the previous accounting period. the PCC required an independent examinalion under the Charities Act 2011. Therefore, the prior period's financial statements were not subject to an audit. Use of our report This report is made soleSy to the Charity's Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to slate to them in an audilor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Nlcholas CordÈn ACA (Senior Statutory Auditor) for and on bèhalf of Summers Morgan Chartered Accountant5 Statutory Auditor 1 May 2025 First Floor, Sheralon House Lower Road Chorleywood Hertfordshire WD3 5LH HE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON S ST MARK ST MARYLEBONE UARE WITH Page 13 STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 unres1￿¢ted Funds Reslficted Total Funds Funds 2024 Unre5trlcted Rostllcted Total Funds Fynds Fund$ 2023 Notq Inoomo and ertdowments 1{a) Income from Donation5 and legacies Other Irading aclNilies.- fundraising Ifading Inveslmenls Others Charitable aclivilie5 Parl ol sale proceeds from sale of ￿Clory 3{a} 481,385 156,994 642.209 1,615 62.397 55.067 536,452 156.994 642,209 1,615 62.397 514,109 148.913 616.490 24.308 538,417 148,913 616,490 (iv} 3{b) 31cl 32.249 133.898 32,249 133.89B Total Income 1.344 600 55.067 1.399 667 1.445,659 24,308 1469 967 Expendlture 1(bl Costs of raising lunds Expenditure on charitable acliville$ 4(a) 41bl 211,731 1.320.593 211.731 1.363,068 182,920 1,140.037 182,920 1,159,695 42.475 19.658 Total Expendlture 1 532 324 42A75 1.574 799 1 322 957 19.658 1.342 615 Net Incomellexpèndlturo> and net movement In fund5 beforo 9aln8 and losses on Invgslments Other recognised galnslllosses): Gainsll10$88s) on Investments (187.724) 12,592 (175,132> 122.702 4,6SO 127,352 (2,319) (2.3191 6.939 6.939 Net movornent In funds 1190,0431 12,592 (177,451) 129,841 4,650 134,291 Reconcillalion of lunds Total funds brought fO￿ard Total funds carrlgd forward 1.087.187 1697.144 28,684 41.276 1.915.871 1.738 420 1.757,546 1.8B7.187 24,034 1,781,580 1,915871 The notes on pages 1610 23 fomi part of Ihese accounts THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON S ST MARK ST MARYLEBONE BALANCE SHEET AS AT 31 DECEMBER 2024 UARE WITH Page 14 Total Funds 2024 Total Funds 2023 Note Flxed asset5: Tangible assels Investments 1.146,038 799.949 1.945,987 1(c)&8 1.104.999 683.614 1,788.613 Total Flxed Assets Current assets: Stocks Debtors Cash al bank and in hand 275 25,009 97.426 10 376 28,744 92,107 121,227 122,710 Total Current Assets Liabilitles.. Creditors falling due within one year 12 150,418 121.701 29.191 1,009 Nel current asset$ 1,946.996 Total assets less Cufrent liabllilies 1.759,422 ¢￿dItOrs falling due after one year Total assets loss long l¢rm liabllilles (21,002) {31,125} 1736,420 1,915.871 The funds of the charlty: UnTeslricled inwme funds Restricted tncome funds 1(f) 18 1,697,144 41,276 1.887.187 28,684 1,738,420 1,915.871 The noles on pages 16 to 23 IOTM part of these accounts 31. 03 .20J&• and signed on Iheir behalf by-. Approved by thè Ifustee5 on THE REVD JOHN PETERS (CHAIRMAN) THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE Page 15 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Net cash provided by {used In) operating activities 17 (732.559) 1430,797) Cash flows from investlng a¢tivities Purchases of inveslmenls Proceeds from disposal of investments Dividend5, interest and rents from inveslments Purchgse of property. plant and equipment (266.647) 385,557 642.209 (15,277) (148.9S91 (12,226) 616,490 139,202) Net ¢ash provlded by (used In) investing activities 745.842 416,093 Flnanclng actlvltles Repayment of bank loans 110,123 19,8761 Net cash (used inllgenerated from financing activities (10,123) {9,8761 Change In cash and cash equlvalents in the reportin9 perlod 3.160 (24,5801 Cash and cash equivalents al Ihe beginning of the reporting period 97,426 122,006 Cash and cash equlvalents at the end of the roportlng period 100,586 97,426 AROCHIAL CHURCH COUIICIL OF ST MARY 8RYANSTO sr p.%ARK ST PAAftYLE8ONE NOTES TO THE FINANCIAL SYATENIENTS FOR THE YEAR ENDEO 31 DecEMBEft 2024 SQUARE WJTY Page IG Chaiity InformHllon St Mgry 8ryanslon Square wlh Sl Mark Sl MarylBbone Is a ￿9151¢￿￿ th￿IlY and Is thaiitynumber is 1132566. The Par¢)chlal Chuith Courycil IPCCI are Irusle*$ of ltte charily il h35 Ihe responsibilily. together wilh Ihe incumbent. Ihe Revd John Pelers. ts prtsmole in the paiish the whde mission ol the church. paslofal, evangelis1iG. social and ecumen￿21. The PCC'S g¢)vernln9 ¢Yecumenls ¢atn* into elled on 2nd Jarbuary 1957 and ale= The Parochi￿ Chuldi Coun¢ils (Powers) Measure 1956 as amended and Thè Church Represenlalton Rule5 2006 Ils principal oflice 15 at 255 Okt Morylebone Road. London. Wl SQT. AC¢OVNTING POLICIES The IinarKial slalEm¢nis 15a¥6 BT50 been wepared 4rtattoréaKe bolh Ihe ChwchAc¢uurtity Regulaknn&1200618n¢J Ihe Slaletllenl ol ReC0￿MOnd0￿ Piuclice ISORPI Accounlin9 artd Rtporting by Clitriknes. SORP is aPp￿￿￿e lo charlll.es w8p*n9 lkneir ateounis In accDr¢JJnrt Yllfft the Fwanrial Reporting standard aP￿icable in Ihe UK and Republ¢ ol Ifeland IfRS 1021 ellÈdNe 01 January 2019 and the Chatilies Aci 2011 The thariiy conslilDlèS a pubk bÈnefil &)lily a5 ¢J8fineiS by FRS 102. The lins￿al 51è1¢m•nis have departed Ir¢)m Ihe CharlllB$ (Acco￿15 and Roportsl R8gulabDn5 XrfJ8 axterf req￿ed to Pfovhle a Ifu? anLI lair vlew. Th15 ¢Jepatiure has ￿VOlve(l follwAg Ihe S181erntni d Recornmended Praellce for ch•Wie5 apr￿n9 FRS 102 r8lhW Ihe Versioo ol thy siaknnqnl ol R￿0MMended Pra¢bce whlch 15 ielerfed to ID Ile Regula1￿115 bul i'lhlch has b¢¢Thvalhdrav Tlie fjnarfial siatenÈni$ have been prep8red Mder Ihp hL%iL¥kal cwl con¥er*oA to IAclttJe Iht rev￿410Th rf fieetM)Id properts•$ and lo In¢Tudrs IiivoslThenl propert￿$ 8nd cert•fft fin8ncial Instrvm¢n15 al f¥r valuel. The 8E¢¢unllng F#Jld85 adopityl a(e sel oul bel￿. 8nd LegJ¢ies Collections afid donalions •re iecoanistrd when iecefved by ty an beJWI ol Ihè PCC Where Jnl¢rmal plethles of donaLknns In advance ol mmeni 8(8 made. Vioy ale rècegn15e¢J gs In¢pM? m Ihe porioo Ihpy alé recd¥ed. Glll Mid c181m5 lo rerover Incorn818¥ donbllon5 are ￿on￿¢￿ Itblhè $ame perMKI tho d￿3￿n5 810 r*u4ved. Gronis 10 lle PCC are accouniod lor Bs Soon a5 Ihe PCC is no1￿8￿ oj its ieg¥enbi*m¢DI amounl dy• and￿en arty¢¢ndiilpn •Na¢hkng lo Iho giant Of¢ mel In6omo from Ch8rJY8blv A¢liv￿Y I I￿orne re[e￿Oble from salè of iesowAs and Djr￿1￿￿ 01ovvAs is acCo￿le￿ for gros6 Gills in kind Gills in kSnd •fe ac¢ounl80 ¢or iecefved rflecled al op•Thmgrkel syth 8 v&lJe rn￿b& i••th'ty 8scM•ned R•ni*theomo R￿la1 In¢omè from th* knlU)o ¢1¢￿j1¢h pr•mlies L% reCog¢￿t￿h¢h Ihe r•rtai Is ¢kn. Incom• Irafft inveslffl¢nlJ Income l¢om lrtv8slmen15 is a¢¢wled for*then ftcthed. •d b5%•$ ¢n trw•sirneTrts valued ai fflathol valu& tho SOFA 4nnualtyYthBn Ihey 8r¢ revatued ￿ mark81 voh*. Gronls Thg Church 81rn5 lo 9Ne a proptsrton ollls congr￿•15)￿*￿aOffl8 kn gronls lo Ind￿￿￿1% ar￿ org8r•saiions knvofveOlnVK o¥tr#tas mlèsion and ¢h)n¢•￿? Granls and donalions ale accovNqd ltyron aft accruals basL% Cos1$ of Ch&ril8bl• Aclwtty IhÈ diocesan QU￿41$ •¢¢otaknd payatle Ponsioiis The Chiiich operaie5 8 dèfined conlribulion p￿￿$￿ schom8lSalary Sacrifice Penslath Sthenie for all slall For Ihe firsi yeaf Ilie tsrnployee conlribulp)n5 Are Syè ol ￿e1 sèlary aiid ilie employer cCnlr￿I uuons 8re 3°A or gloss salary 300 ¢Jver oirt yearts SI?￿]￿9. emk*)yer etyurdx￿1onS OY ￿ of the or055 ￿al￿ty and lor over iliiee yea15' siaAdino. employw ¢On1rIbu￿￿TrS 017.5?% ol gross salary aro made. The PCC make incroased eM￿DyÈf wniribulions 91 IIYA lor siall memb2r$ 471 ovÈr S years. Sland￿9. Penslon ¢osi$ are charged 10 IhE sarne perloo as Ihe salary cos1$ iotyhich they reiaiè. Èmployer con1nbu￿OAs paid10 Ihe pension admln15balor wlhu) 20 days ole#¢h monlh end The app¢rtlonln9 01 penslon cosi inio ieslrided aml unfesbieled lunds is done based Ihe 8lb)calion of sltsff limg lo the aclwiiie5 r¢i*ed 10 ie%pB¢liv• lurtds Sl Marfs Group pefis￿n is vAlh Ageon and personal Pe￿￿￿￿5 are W￿1￿ Ro￿LL*dOn *￿j N￿411¢0. Cljufeh Holttl•ys ond Si￿rat11￿1￿$ Iiicoffle and expense5 re121ing lo holdays simlar a¢￿431%*5 trtgatmsed by Ih* Church are &IEbJded w) Ihe Fdevanl Incorne and expendi1￿re caiegorfes In Ili• Slai¢nionl ol FIDartclal Acliv511es. Ilie Church adFnnTslers lurntS tor acuviiles orwised ty a Ihird p)fly. fu￿5 are hdd on Ihe balance St￿81 yrtlil Iian61eriotJ lo Ihe l*ird party conceined. Op(trralinyLoos8S Operaliny lèase ienials wetharged ona slrai9M ba$isow Ihelease ierm A$s Coi)s¢crniedPKoperfy Consecraled and beneficed property Is exrJuded from Ihe accoim15 in a￿)i￿ance valh Ihe Charille5 Aci 2011. Afi oxpenthlure IDGiirred Ikiiing IhB year on consoualed or beneficed property. whelh@I Ma￿lenance or improvemenls. 15wriiièn Dlf 8$expe￿I￿￿￿ the SlalEmenl ol FwaTrclal Aclmlies. Dweci?IK)J) ofFixedA35¢15 Tèiiylible nKed asseis are dewpLralEd a ￿ra￿9￿1 w Iiasis o¥ei ￿Sefth ￿e$0￿ Aem5 01 ovef £1.1)W. Tlie period5 used ale a5 Id1￿￿.. piwi and macblnory Cofflwlerequipmenl Flxlures and frfiings Land and bvilthgs The or kn5$ aiising OA Ihe di4)osal ol ah assel 15 deIerffjy￿S as the Crftorence ￿￿enthe sale proceeds and Ihe rawwn9 vats* of Ihe a$sel, andis recognisBd ID opl )comellexpen¢*iuiel lorlheyear. 3 Years 3 YÈ*s 2 Year5 Soyears Inyeslffleths are vJued al markfri Valv THE PAROCHIAL CMURCH fQUNCIL OF ST ST MAR SY MARYLEBOIIE NOTESTO THE FINANCIAL STATEIAEIITS I¢ONTIIIUEO} FOR THÈ YEAR ENOEO 31 DECEM8ER 2024 ARY BRYANsfoN SQUARE IMTH Page 17 ACCOUNTING POLICIES IC•ntlnutsd) SloGk Slo¢k Is valued al Ihelowerul ¢051 nei rEalsaL4e ¥a￿e IAssol Amovnls 10 Ihe PCC are as debt0￿. gl Funds UnresliiGi¢d lund5 the f¥nds ol Ihe PCC Ihal are 10 anyre￿n￿o￿ [egar￿lIvI Ihelr u¥e and we aval13￿ f￿ aptyicalim on Ilie general puippses ol Ihe PCC. Fvnds de4tgnaled ty Ihe PCC are also urweslrlcled. The chaiilrfs res11￿le￿ ru￿15 afe eliher Ih05e whtfe tho donN h05 wnp05ed le51￿110n% th) ts u$¢of mts fundsor IhQ Use ol luods resiiKled by Itusl deed5 of the ¢h)iily absorbed inio the PCC. Dèthus ofuiese lunds ale ymnin 18 Viva omi Cash and ea5h equivalenls InGk¥Je cash In haAd. dtpos45 ai call baDk5 andoiiw knvttsimen15*xlh malvrlues ol Ihieg moAlhs orless. Bank OVQiLTro115 ￿￿ sliown wllhinl)o1ro%￿￿9S In ¢uNenl lh1ts.￿1¢S. nls Thg Ifuthl onlyhas lln?nool assels and financl*flabOil*S ol a kind Ihal w*Irfya5 b**c flnancfjo1105ts￿Ii￿ls. Bas* f￿ancIal Msiiumnis are Inlllpty ¢ecogni5ed 81 tyattsacuon valuE and 5ub5equenVy mè35wred al Iheir 5è111emenl ¥aTYpv￿1h Iheexceplion ol b*)k103DS which are 5ubseqvwiUy rneD5ur¢d ai the ¥*Je plus a¢¢n¢ed Inleresl le55 r8paym¢Ai8. The finartuw ch8ro8 ID ai a c(*nsiaffl rale cakul•ied using the elledi¥¢ Inlew¢si meihrxl. 11 LooLllS Renlals payat4e un¢JeTcswaiB)g leas•s. Inthdw any l•ase twtsves r￿EN•t￿. ioincrffie on • sirWI baw lh• i•rm ol Ihe r•l¢vAni lease. nc The preseniallonal cuir8ncy4 in Briilsh ppund •ler*ffj rrA•)dod 10 ith•o••r•$i c. RITICAL ACCOVNTING ESTIMATES ANO JUOGEMENTS In I￿ app11¢3Uon of tho caarflys a¢¢ouThllng poltltrs. Ihe InJsl•es •re requlred io ma•￿dge￿tr￿. e*kna¢•s and aswmpth)rts Ab￿ th• amounl of4sxl$ and Ilablilios Ih¥l Hr¥ nc¢l read￿Y appaienl fiorn olher souices. The eslimales and •$$￿ale￿ assumpt￿n$ ale basgd OTh h151ovi¢•l expeA8nce 4nd (sl￿￿ laBlois that 8f• congld•r•d lo be rel•vartl. Aciual re5uIIs may dtter Irom the58 esllm•i•s. T*8 esllwle5 and unde(Iwng as$uwik)n$ 8re ievle¥Ypd an an CffjgDkng basb5. Revtsions wacco￿n￿ry esiimal•s tac(¥nk%8d ffi Ihe pariod in W￿¢h Ik• 85Umo1è Is r•¥lsed vth¢fO tha fovlslon •Necls orty IhBI ESllrnale5 81• récc*JrAsed In lh• p•¢•d InYdLkh eslimBie i5f6vlsed *th•f• lh• revlslon •hcls only Ih)I perfods. THE PAROCfrtIAL CHURCH COUN STM K ST MARYLEBONE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THEYEAR ENDED 31 DECEMBER 2024 IL OF S7 MARY BRYANSTON UAREWbTH Page 18 INCOMING RESOURces Unrosirtclvd Funls 2024 RqslrieL•d Fund$ 2024 Unre5triclvd Funds 2023 Ro$irict¢ Fund5 2023 Total F￿d5 2024 Toial Funds 2023 31al Incorne from 111 Donations and legacits8 Regulaf gN(n9 Cdleclions fr¢m SerV￿e5 Ghl recLsvered on fegular gNin9 and res￿￿le0 i￿￿411￿r4 Oonaiions 8ppeaL8 Olher vtslunlary Incorn• 204.832 3.569 1.082 Z31,902 204M32 3.559 51.010 231.K12 5.139 214,021 2.7J6 42.978 254.974 214.021 2.136 44.199 254.974 23.087 1,221 45.139 23 087 536 452 24.308 538 417 1111 Atllvlllas lor Gonor¥lirLg Funds: F￿n{Ir31￿1rtg T¥8dlng lire ol Sl ma￿.$ Chvrcli R¢ni ol nals al 25S Old Mar>4ebone Road lJg.160 17.834 139,160 132,SJ3 132.533 14B 91J 14B 913 11111 1fi¥oslm¢n¢ lfi¢omo In¥e51menl lrteome HITe of Sl Cbwch Ijieresl fram mvesimenls & bank kW8SI tO.295 62t,102 10.295 621.102 9.429 $99.17t 7.890 616.490 9,429 599,171 642.209 642 209 616 490 Ilvl Other Intom¢ Piojil ￿ Sal¢ ol Flxed Ass￿$ 1.615 J(bl Ineome Irom Charltabh A¢¢iv4ty Cofé Ule Course Chur¢h socla15,Chwth W•*k•thl and fees Chttdren. Youlh & SlUde￿6 nÈpartmBnlS Paslorèl & Church Courses Income Love MarWÈbon? Oul Th¢r$ Incomt Conferenc• Inmmo 2,308 16.171 3.268 2,308 1fj.171 3.268 11,168 1.373 6.827 7.661 4.702 2.306 5,098 4.482 l.J73 6.627 7,661 4.702 2.306 5,09B 4,482 18.831 2.466 18,831 2.466 8.117 31¢) Part ols)Te prouqd5 Irom sal• ol reci 133 898 TOTAL INCOMING Re6ouRCES 1399867 1445 659 1469 9J7 The Churth has on8 th•fti•tye acbvlIy￿ oullmd ￿ Ih?ArdW*1Re￿- TH ROC LCN RCH COUNCIL OF ST MARY BRYANSTON S TMARKS PIARYLEBONE NOTes ro TrtE FINANCIAL STATEMENTS I¢ONYINLIEDI FOR THE YÉAR ENOEO 31 DECÉMBER 2024 UARE W Page I YOTAL RÉSOURCES EXPENDED Unroslrkted Roslri£teil Funds 2024 VDrostrktod Funds 2023 Rc5tritlBd Fiinds 2023 Total Funds 2QZ4 Toithl Fvfid5 2023 2024 41al Costs ol Generatlng Funds Costs ol F¥ndra151ng TrA￿01 Di￿eSt in¢hJde Ine slynds ol thQ ￿d(wIt0. As Is d&nd*d pra￿￿ Ui¢ Chw¢h of Engl￿(L Ihe vkar w(81& lece￿e elllier Iwusin9 or housing b•nefil. 7. AUOITOR'S fteMUNERATION 2024 202J Audiic¢5 rerNuw8lK THE PA CHIA CHUR¢H cou￿clL OF sr MARY Sf MARK ST MARYLE ONE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO} FOR ThE YEAR EKOED 31 DECE￿￿eR 2024 Y NSTON S UARE WITlf Page 21 TANGIBLE FIXED ASSETS and Buildings Plmt and Machinory Computer Equipmeni Flxturos and Fltllngs rotal COST As al 1 January 2024 Addillths irt Ihe D15pDsals In ihe ye IA32.d41 330.824 11.982 12.7341 47.242 3.295 18.1021 66,460 1.776,967 15.277 As al 31 DBcembei 2024 1.332441 340 072 1 780 087 DEPRECIATION As al l January 2024 Charge Ih&ye3r Oispos8ls in Ilie year 232.184 IS.￿9 3￿2￿32 25.489 12.73dl 46.294 2.598 18.182) 49.238 11,583 1330.928 SG.317 112,1571 A5 al 311)8cemb¢r 2024 249513 325.287 40.708 59.580 NET BOOK VALUE As 81 JI 2024 1 104 999 A$ •1310e¢ember 2023 17221 FIXEO ASSET INvesTMENTS cash Ll$ted Invesimonls Tol•l A9 01 1 JaN8ry 2024- Ilarknl VBIUÈ Addillons Ihe ye8r OlsposaLs trwmwl In ¢ash Chanoe In Yatue In Ihe y8ar As al 31 Decemty* 2024. NIBIk￿ v•lu• iVd,CQS 607.8J3 286,647 1283.9111 799.940 286.647 1283,9111 1101.6461 1101.6461 593 174 8B3 614 HlslDth cust.. Al 31 Drt•mb•r 2024 12023- E828,8661 Ttt• ¢hartl¥8 kn¥esimonl Is th Tdb• invèsimenl Iw 10. STOCKS 2024 20 Goods lor sl• IBook¥l 376 ?76 275 275 Th¢ amwni ¢1 $tock expqn5qd Iumg Itt• y•ar was Nll120J-È4SSI. 11. OE8TORS 2024 2ts23 Trade d¢biorÉ Tra¢Je trediiers Oiher debtors PRpaymenls and a¢¢rttd IrKome 842 443 13.544 13.015 1.139 0.165 2Jr 000 12. CREOlfORS.. AMOU14TS FALLIIIG DUE WITHIN ONE YE•lR 2024 2023 Olher lax81iun and $oclHI securiiy Ueferred Inc¢Mno Olher crodiiors Ac¢rvHIs 12 810 113.892 9.800 10.J82 87.010 6.41$7 150 4118 11J223 131al DEFERRED INCOME In 2024. £113.89212023 £87.0101 wa5 received fDr Sl M*s thurch h￿1 for ¥arnu5 8vents w) 2025. 7AE PAROCHIAL CIIUR H COUtIci ST MARK SY AIARYLEBONE NOYES YO THE FINANCIAL STATEMENTS ICONTINUEOI FQR THE YEAR EIIDED 31 0ECÉM8eR 2024 Y MARY BRYANSTON SQUARE WITH Page 22 14. ANALYSIS OF NET ASSETS BY FUIID unresltl￿0d Fwds 2024 Reslfl¢t¢d Fund5 2024 Tolal Funds 2024 Unreslrlcted Funds 2023 Reslri¢led Funds 2023 Funds 2023 TaThglbfe Assets IDves15nenlS Current AsselsIlLiabill￿5) Long lerrn118bililies 1.104.999 683.61 70.4671 21.￿2 1 697 144 1.104,999 683.614 129,1911 1.146.038 799.949 127,67SI 31.12$ 1 687187 1.146.03& 7g9.949 l.(KJ9 41.276 20,884 1738 420 1 915671 Ihln thfreni a6sol$15 re51it1ed cash 01 £41.076thtttkn Car￿>1 bÈused lor gene￿￿ putposes IS. OPERATING LEASE COMMIYMEPITS Lessee Al 31 Oacornber 2024 th*¢omp3ny had (KrfsI￿d￿l9 fthw• mirumum lease paymwil n c•n¢olaNe operalino18ase$vthlcli fal as tolbw6= 2024 2023 Wilhln one year Bel￿en Iwo and fwe yo¥$ In over fi¥e year5 37,445 42.12 10.217 79.565 Th¢ amounl of l•as• ¢081 iecowa5ed b) Iheyear85 ¢xpMs¢w4s E54.87012023. £36.6741 16. RELATED PARTY TRANSACTIONS A9yrpoaled ¢JonBlions r8ceNeO Ii¢m Ihe Irusiees or rewed p￿leS￿l￿)￿l condithons In 2024 was 170.820 (2023. t71.e021 Threo lamily m¢mbers ol Uie Ifuslee5 wero ttYJaged oThan adhoG tya51s to he￿￿1h¥alleU8 acliTrrib•S of Ihe churGh ar￿ p8yfften15 WEM m3de to ￿•M lor Ih? Se￿¢￿$ provided £2,627 IZOZ3. £5711. No gianls wer¢ g￿eTh ￿the tntsieès12023- ￿). 7h* Iruslees arè nol pald oty ￿m￿neral￿ fpr dbchwwg thJli¢$ as a I￿￿188. Ther4 af• b210￿85 own9 10 or Iroffl Iny rélai•d p8rty at lh¢ ye•f end1202)- Nlll. 17. CASH GÈNERATEO FROM opeRATION8 2024 2023 Nel mo¥ernenl In lorttls 1177.4511 134,291 iuslmenls Iof.. D8we¢liiiM ￿ fixed as$￿ IGo5n5yoss6s on lrnvesimenl Dlvidends. initresi and renls Irom th¥esthi•nis 56A17 12.5751 642.209 59,631 01$.490 15B8.4871 {587,8761 Mo¥emen15 In C8pftal.. Ilncr¢aÈoVd8cr8a5e in slo Ilrtcre8selfd•Grease kn deblw• Increasellderr¢asol kn creikitsrs 13.7JSI 37.19$ 33.359 Cash absorbod byoperal*￿s 73 $59 433 585 THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON S ST MARK ST MARYLEBONE NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 UARE WITH Page 23 18. ANALYSIS OF RESTRICTED FUNDS One off Restricted Fund Fellowship Churchplanl Fund Fund Total Funds INCOMING RESOURCES Vo5untary Income 31a}(i) 48.855 6.212 55.067 48.855 6.212 55.067 RESOURCES EXPENDED Costs of raising fun(Js 4{a)(i} Costs of Charitable Activiles 41bl 18,495 5.400 18,580 42.475 18.495 5.400 42,475 NET MOVEMENT IN FUNDS 30.360 {5.400) {12.368) 12.592 BALANCE BROUGHT FORWARD AS AT 1 JANUARY 2024 3,081 5.400 20,203 28.684 BALANCE CARRIED FORWARD AS AT 310ECEMBER 2024 33.441 7.835 41,276 ANALYSIS OF RESTRICTED FUNDS- Comparfson Ilgures-for year endlng 2023 One off Restricted Fund Fellowshlp Churchplant Fund Fund Total Funds INCOMING RESOURCES Voluntary Income 31a)(l) 3,829 200 20,279 24,308 3.829 200 20.279 24.308 RESOURCES EXPENDED Costs of raising fvnds 4(a)(l) Costs of Charilable Activites 41b) 11,202 8.456 19.658 11.202 8,456 19.658 NET MOVEMENT IN FUNDS (7.373) 200 11,823 4.650 BALANCE BROUGHT FORWARD AS AT 1 JANUARY 2023 10,454 5.200 8,380 24,034 BALANCE CARRIED FORWARD AS AT 31 DECEMBER 2023 3.081 5.400 20.203 28.684 The Fellowship Fund comprises lunds given for the purpose of t￿lping those in the congregation in financial need. The IA Church plant Fund comprises funds given for the purpose of planling a new church in Los Angèles. USA The One off Restricted fund comprises of the Gongregation's givir)g to Kiwoko Hospital .School building lund in Uganda and other one off specific recipients.