The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
ST. AUGUSTINE PARISH CHURCH, HIGHBURY
Annual Report and Accounts
of the Parochial Church Council
FOR THE YEAR ENDED 31ST DECEMBER 2024
Registered Charity Number 1132698
Supported by: Cloudesley www.cloudesley.org.uk
Independent Examiners Ltd
Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Receipts and Payments 9
Statement of Assets and Liabilities 10
Notes to the Accounts 11 to 18
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
FOR THE YEAR ENDED 31ST DECEMBER 2024 LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1132698
WORKING NAMES
St Augustine's PCC, Highbury
START OF FINANCIAL YEAR
END OF FINANCIAL YEAR
01 January 2024
31 December 2024
TRUSTEES AT 31 DECEMBER 2024
Ex officio, inducted 7 September 2013 Ex officio, Re-elected 2023. Appointed 19/6/22
Gabriel Anstis, Vicar
Yemi Olowojoba, Church Warden
Ex officio, 29/6/24
Nathan Robertson, Curate
Rebecca Brown, Islington Deanery Synod Rep.[Ex officio, elected 2023. Appointed ] 21/5/23 Verona Turnbull Re-elected 2022. Appointed 2019 Benjamin Bisek Elected 2022. Appointed 19/6/22 Judith Harwood Re-elected 2023. Appointed 18/10/20 Nina Papazyan Re-elected 2023. Appointed 18/10/20 Chi Hang Suen Elected 2024. Appointed 20/5/24 Cyril Keith Howell Elected 2024. Appointed 20/5/24 Maria Lopex Elected 2024. Appointed 20/5/24 Taylor Burns Elected 2024. Appointed 20/5/24
Re-elected 2022. Appointed 2019 Elected 2022. Appointed 19/6/22 Re-elected 2023. Appointed 18/10/20 Re-elected 2023. Appointed 18/10/20 Elected 2024. Appointed 20/5/24 Elected 2024. Appointed 20/5/24 Elected 2024. Appointed 20/5/24 Elected 2024. Appointed 20/5/24 Ex officio, Re-elected 2022. Appointed 30/4/18. Term ended in 2024. Elected 2021. Appointed 9/5/21. Term ended in 2024. Co-Opted 2023. Appointed 16/10/23. Resigned Dec 24.
Montgomery Sachikonye, Church Warden
Tim Neville-Lee Micah Judish
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING INSTRUMENT
PAROCHIAL CHURCH COUNCIL POWERS MEASURE (1956) AS AMENDED AND CHURCH REPRESENTATION RULES
REGISTRATION DATE
13th November 2009
OBJECTS Promoting in the ecclesiastical parish the whole mission of the Church.
CORRESPONDENCE ADDRESS St Augustine Parish Church 108 Highbury New Park LONDON N5 2DR PRIMARY BANKERS HSBC BANK PLC 31 Holborn Holborn Circus LONDON EN1N 2HR
INDEPENDENT EXAMINER Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
Aims and purposes
St. Augustine’s PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance of the St. Augustine’s church building.
Objectives and activities
As a church, we have made four key commitments: to pray regularly for others in the locality; to invite local people who are not yet part of a church family into the lives of individual church members and of the church, to give our money to God’s mission and ministry in Highbury, and to serve by using our time and our talents to help others both inside and outside the church family. (P I G S )
We are committed to being part of God’s justice locally and globally, to nurturing children and young people in their relationship with God, whilst developing increasingly strong safeguarding practices, to growing our life with God as a whole church family, and to sharing the love of God and the good news of Jesus Christ with our families, colleagues, neighbours and friends. We also want to develop our church building to be conducive to worship and wider activities.
When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through worship and prayer, learning about the Good News of Jesus, and provision of pastoral care for people living in the parish.
Achievements and performance
Pray
As a church community prayer has continued to be a critical part of our shared life together in 2024. The prayer life of the church is expressed in numerous different ways. On Sundays, we have continued to meet for informal prayer before the 10.30am morning service, and then through liturgy, song, intercession and prayer ministry, prayer has been an important ingredient of the 10.30am Sunday morning service itself. In 2024, we also continued to gather for a 12.30pm Communion service, which prayer is central to. In 2024, there has been a weekly prayer gathering on Tuesdays online on Zoom, plus Life groups meeting on weekday evenings to explore the Scriptures together and to pray. A weekly prayer diary was also produced in 2024 through our Welcome and Prayer Sheet publication, as well as an email ministry encouraging church family to pray, called ‘The Prayer Network’. Prayer triplets were also encouraged, helping church family to invest in prayerful, strengthening and accountable relationships with each other. ‘StAC Kids’ for children aged 3-13 and ‘StAC Youth’ for young people of secondary school age continued to be places for growing the prayer lives of children and young people. ‘StAC Creche’ for 0-2 year olds led monthly, also encouraged prayer and worship amongst the very youngest in our church family. Collective worship and prayer continued to be led monthly for the whole school at one of our local Church of England primary schools, throughout the year. In February, to help us in prayer, we undertook a fast for the 40 days of Lent, fasting from 9am-5pm. The church staff team also met each week to pray throughout the year. Throughout 2024 our monthly (moving to bi-monthly in September 2024) 9.30am service especially for young families called Bubble Church, gathered children and adults to pray and to worship. Children’s liturgy, extemporary prayer, sung worship, and ‘The Thank You Slot’ all strongly contributed to the centrality of prayer at Bubble Church. In 2024 we continued to encourage regular prayer for our neighbours: the residents of the Park View Estate and Athenaeum Court, and all those connected with Highbury Quadrant Primary School. We also continued to run StAC Tots in 2024, a free Stay & Play event on Wednesday mornings for parents/carers and their children aged 0-3. The StAC Tots team met to pray weekly for the young families of StAC Tots and in the neighbourhood, and also led short times of prayer and praise during the StAC Tots event itself.
Invite
All are welcome to attend our regular services. The average Sunday in person attendance (meeting physically in the church building) in 2021 was 34.4 adults and 9.7 children. In 2022, our average Sunday morning in person attendance rose to 48 adults and 23 children. In 2023, our average Sunday in person attendance rose to 63.6 adults and 30.8 children. In 2024, our average Sunday in person attendance rose to 69.8 adults and 32.7 children. Our electoral roll had 90 members in 2024, an increase of 3 from the previous year.
As well as our monthly 9.30am young families service called Bubble Church, our weekly 10.30am service, and our 12.30pm Communion service on Sundays, other activities and invitational opportunities in 2024 included Life Groups (for fellowship, Bible study and prayer), a free Community Warm Space, StAC Youth for young people aged 11-18, StAC Kids for children aged 3-13, StAC Creche for 0-2 year olds, a weekly online prayer gathering, Baptisms, a free Community Food Bank, assemblies at St John’s Highbury Vale Primary School, a Christmas children’s nativity by the local Montessori Nursery, a free Parenting for Faith Course, a free Alpha Course, attending the New Wine churches Summer festival, Christmas carol services, a Good Friday breakfast, the Stepney @ Prayer event (which we hosted in October), Bring & Share community lunches in May and October, a church family picnic in July, an online child safeguarding event in November, and a Welcome Evening in December.
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
Give
Financial giving during 2024 totalled £131,918 (2023:113,991) (plus £15,928 in Gift Aid (2023:£32,050). In addition, the parish has been richly blessed by those who give their time and talents. As a consequence of this, (and God’s grace!), the various activities outlined elsewhere have been possible. This year, via our community Food Bank we continued donating food and toiletries to those in real need, struggling to make ends meet. We also ran a Community Warm Space throughout most of 2024, opening up our church building to provide a heated environment where conversation, community, food and drink are available free of charge, serving particularly those in our neighbourhood who are struggling with the cost of living challenge.
In 2024 work with children and young people remained a very important part of the ministry of St. Augustine’s, with StAC Creche, StAC Kids, StAC Youth, Bubble Church and school assemblies (all mentioned above) playing a very significant role in this area of ministry.
In 2024, as well as running ReUse Sundays where people give and share quality second-hand goods to care better for God’s world, we also continued to support the campaigns and objectives of Tearfund, as well as continuing to use Fairtrade products in the day to day running and operations of church life.
Serve
Many people in the St Augustine’s church family continued to give their time regularly, generously and sacrificially to church life, mission and ministry, for the sake of growing God’s kingdom in Highbury and beyond: their contribution has been absolutely invaluable. A huge thank you to everyone who has served and given!
In 2024 we received a new Ministry Assistant in the form of a Time for God volunteer from Germany, who joined us for academic year 2024/2025, serving across many areas of church and parish life. Their contributions have made a huge difference both to individuals and to groups, and this would not have been possible without the provision of a home for them through the giving and hospitality of our church family. We also welcomed a new Curate in 2024 who has served in a significant number of different ways across church and parish life, as well as training for ordained ministry. Again, without the financial generosity of our church family, it would not have been possible for us to welcome and train a Curate.
Environmental Statement
We continue to work towards reducing our environmental impact, and caring better for God’s world. In recent years , with financial support from Cloudesley (www.cloudesley.org.uk) , we have successfully installed solar panels on the roof of our church building, we have converted existing lighting in parts of the church building (such as the Church Lounge and Hall) to more energy efficient lighting with help from lighting specialist CES, and we have also changed our heating in the Hall from old storage heaters (which are energy inefficient and expensive to run) to radiant heating panels. We worked with Solray Heating and the team at London Diocese to achieve this. In 2022, we successfully applied for a grant from Cloudesley to help pay for the lighting in our main church space to be changed to more energy efficient lighting. We began work with CES on designs in 2022 and continued this work throughout 2023. The energy efficient lighting in our main church space was installed and completed in 2024.
Financial review
We are very grateful for God’s incredible generosity to us in the church’s finances, and for the continuing faithful giving of church members. The use of the Parish Giving Scheme as a means of giving by numerous church members has been very important for us, not least because this has made the Gift Aid claims (of those who have joined the PGS) much faster and easier for us, as well as providing a better, more secure and more reliable way of giving than with cash, cheque or standing order. To give, go to www.stac.org.uk/giving or go to www.parishgiving.org.uk and enter our parish code: 230623125
Overall income for the year was £230,547 (2023: 184,349) whilst resources used totalled £224,232 (2023: 168,514), resulting in a gain of £6,315 (2023:15,835). Total church cash funds at the end of 2024 were £100,351 (2023: £94,036), (with Gift Aid receivable for 2024 due in 2025 of £7,559 (2023:£6,630).
Reserves policy
It is PCC policy to maintain a balance on free reserves that equates to approximately four months unrestricted payments. This is currently equivalent to c.£50,000. These reserves are held to smooth out fluctuations in cash flow and to meet emergencies e.g. unexpected building repairs.
It is the PCC’s policy to invest fund balances with the CBF Church of England Deposit Fund (aka CCLA).
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC comprises the Incumbent (our Vicar), Churchwardens, ex officio members, members elected by those members of the congregation who are on the electoral roll of the church, and sometimes co-opted members. All those who attend our services and members of the congregation are encouraged to register on the Electoral Roll and to consider standing for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met regularly during the year. In 2024, the PCC met to consider a number of items including:
Safeguarding practices and training, finances, accounts, budget and spending priorities, grant applications, the St Augustine’s Nursery, a Curate, maintenance and development of the church building, Sunday services (Bubble Church), grant applications, a Time for God volunteer, London Diocese’s Common Fund, our mission and ministry as a church, our Communion policy, room hire in the church building, a school governor from our church for St John’s Primary School, children’s ministry, the Church of England General Synod and Islington Deanery Synod.
St Augustine’s Church is part of the Diocese of London within the Church of England. The Diocese of London reported the following:
‘The Diocese of London is the largest and most diverse in the Church of England. We have over 500 churches and 750 licensed clergy. We are able to have a church in almost every community, supporting the vision for every Londoner to encounter the love of God in Christ. In 2024, 50 new deacons were ordained and early draft statistics indicate that Average Weekly Attendance in London grew by 7.5% to over 60,000.
During 2024, we have continued working towards our priorities of becoming a younger, safer and more racially just Church. For example:
-19 London Youth Apprentices engaged 715 young people weekly and funding was granted to enable the launch of five youth ministers in Hackney and Islington.
-In a challenging year for safeguarding, referrals to the Diocesan Safeguarding Team increased substantially, indicating more trust and confidence in the safeguarding service.
789 people were given safeguarding leadership training, and 3,808 DBS checks were carried out.
-Churches across the Diocese engaged with Race Equality Week, Racial Justice Sunday, and Black History Month last year, reflecting on racial justice and committing to action.
The breadth of parishes and Bishop’s Mission Orders in London nurtured confident disciples, compassionate communities and creative growth in an amazing variety of ways. They also contributed over £23m in Common Fund, an increase of almost £1m. Alongside £13.2m income raised by the London Diocesan Fund (LDF) and £3.6m from LDF reserves, this paid to provide ministry and support parishes across the Diocese.’
Reference and Administrative Information
St. Augustine’s Church is situated in Highbury, north London. It is part of the Diocese of London within the Church of England. The correspondence address is 108 Highbury New Park, London N5 2DR. The Parochial Church Council (PCC) is a body corporate (PCC Powers Measure, Church Representation Rules 2006) and is a charity registered with the Charity Commission, with registration number 1132698.
The trustees, members of the Parochial Church Council, at the time of this report, were as follows:
Gabriel Anstis, Vicar. Ex officio, inducted 7[th] September 2013 Yemi Olowojoba, Churchwarden. Ex officio, Re-elected 2024. Appointed 19/6/22 Verona Turnbull. Re-elected 2022. Appointed 2019 Ben Bisek. Elected 2022. Appointed 19/6/22 Judith Harwood. Re-elected 2023. Appointed 18/10/20 Nina Papazyan. Re-elected 2023. Appointed 18/10/20 Rebecca Brown, Islington Deanery Synod Rep. Ex officio, elected 2023. Appointed 21/5/23 Chi Hang Suen. Elected 2024. Appointed 20/5/24 Cyril Keith Howell. Elected 2024. Appointed 20/5/24 Maria Lopez. Elected 2024. Appointed 20/5/24 Taylor Burns. Elected 2024. Appointed 20/5/24 Nathan Robertson, Curate. Ex officio, 29/6/24
Montgomery Sachikonye’s and Timothy Neville Lee’s terms ended in 2024. Micah Judish resigned in December 2024.
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The Parochial Church Council of the Ecdesiastical Parish of St Augustine, Highbury TRUSTEE'S REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024 Responslblltles of TNstees Charity law requires thè Boèrd of Trusteès to prepare financial statements for each financlal year whlch glve a true and fair view of the state of affairs of the charity and of its incoming resi)urces and ie50urces expenijed lor the period. In preparlng those flnanclal statements, the Board of Trustees should frAlow best practice and are requlred to,. select suStable accountlng policles and apply them cons65tently make judgments and estimates that are reasonable and prLtdent comply wlth applicable CountIng standards subject to any materlal dèpartures dlsclosed and explalned in the financol statements prepare the financlal Statements on the goln9 concern basi5 unless r( is inapproprwle to presume that the charlly wlll contlnue In operatlon The Board of Trustees Ls responslble for malntalnln4J proper accountlng records which discbse with reasonable accuracy at any time the financial positv)n of the charity and to enable them to ensure that the financial 5latemenLs comply with the Charities Act L993. They are also responsible for safe9uardlng the assets of the charlty and hence for taking reasonable steps for the préventk)n and detectlon of fraud and other Irregularllles and to provlde reasonable a$5uran¢e thal:_ the charlty Is operatlng efflclently and effectlY all assets are safeguarded agalnst unauthorSsed use or dlsposltlon and are properly applied proper records are maintained and financk31 information used withln the charlty or for publkatlon Is rèliable the charlty complies with relevant laws and regulations The systems of internal control are desi9ned to provKle reasonable but not absolute assurance agalnst material mlsstatement or loss. Approved by the Truste&s on......,..,.... ZO"LS' Sne on thelr behalf by Trustee ... Printed Name.. G.ASfiILL Al¢JSTIS
The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Report to the trustees/ members of The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury on the accounts for the year ended 31st December 2024.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 1st May 2025
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| Notes RECEIPTS Donations & Legacies 3a Investment Income 3b Charitable Activities 3c TOTAL RECEIPTS PAYMENTS Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD All of the Charity's operations are classed as continuing NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 67,995 79,851 - 147,846 146,040 3,186 - - 3,186 677 79,515 - - 79,515 37,632 |
|---|---|
| 150,696 79,851 - 230,547 184,349 |
|
| 128,741 91,763 3,728 224,233 168,514 |
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| 128,741 91,763 3,728 224,233 168,514 |
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| 21,955 (11,912) (3,728) 6,315 15,835 |
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| - - - - - |
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| 21,955 (11,912) (3,728) 6,315 15,835 |
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| 7,260 36,110 50,665 94,036 78,201 |
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| 29,215 24,198 46,937 100,351 94,036 |
|
| operations. |
The notes form part of these financial statements, found on pages:11 to 18
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The Parochlal Church Council of the Ecclegiastical Parish of St Augustlne, Highbury STATEMENT OF ASSETS AND LIABILInES FOR THE YEAR ENDED 31ST DECEMBER 2024 Llnrestrlcted Fund Restricted Fund Total Yotal 31-Detr24 31-D¢¢-23 Current Assets Cash at bank and In hand 76,152 24,198 100,351 94,036 Total Current A¢t$ 100 351 li NET ASSETS 76 100 351 Represented by: General Fund5 Restrkted funds Despnaled Funds 29,215 29,215 24,198 46,937 7,260 36,119 50,665 24,198 46,937 TOTAL FUNDS 100 351 Assets Glft Atd 7,559 7,559 6,630 Llabllltles: Independent Examiner's Fee 1,26D 1,260 1,200 TRVSTEES RESPONSIBILXTIES IN RELATION TO FINANCIAL sfATEMENTS Charlty Law requlres the Trustee5 to prepare financlal statements for each flnanclal year whSch comply with the regulatlons set out in the Charities Act 2022, The Trustees have elected to take advantage of the provsions that apply to small charities and have prepared a Receipts and Payments Account and Statement of A55ets and Liabilifies which are Set out on pages:_ Ll to 18 Approved by the Trustees on Sl9ned on their behalf by Trustee Printed Name.. CrA8ftibL AFJs"rks io
The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.
Fund Accounting
Funds held by the charity are either:
1. Unrestricted funds
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
2. Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity.
3. Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Expenditure and Liabilities
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Fixed Assets
The charity converted to a Receipts and Payments basis in 2020. Prior to that Fixed Assets were capitalised when they could be used for more than one year and cost at least £1,500. They were valued at cost or, if gifted, at the value to the charity on receipt.
Consecrated and benefice property were excluded from the financial statements by section 96(2)(a) of the Charities Act 2022.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal were accounted for as inalienable property unless consecrated. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. The cost of fixed assets acquired using grants from the Cloudesley Trust were capitalised when the purchase price was greater than £500.
Depreciation Expense
Fixed Assets had been fully depreciated when the charity converted to a Receipts and Payments basis in 2020. Equipment used within the church premises was depreciated on a straight line basis over four years. Individual items with a purchase price of £500 or less were expensed when the asset was acquired.
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
Current assets
Short term deposits include cash held on deposit with the CBF Church of England Funds.
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
This page does not form part of the statutory financial statements
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
2. TANGIBLE FIXED ASSETS
| Additions Cost Accumulated Depreciation At 1 January 2024 Charge for the Year At 31 December 2024 At 1 January 2024 At 31 December 2024 Net Book Value At 31 December 2024 At 31 December 2023 |
Restricted Furniture & Equipment Unrestricted Furniture & Equipment 2024 £ £ £ 26,935 97,000 123,935 - - - |
|---|---|
| 26,935 97,000 123,935 |
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| 26,935 97,000 123,935 - - - |
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| 26,935 97,000 123,935 |
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| - - - |
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| - - - |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2024 : None 31st December 2023 : None
This page does not form part of the statutory financial statements
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| 3. INCOMING RESOURCES Note a) Donations & Legacies Tithes, gifts & donations (incl. Parish Giving Scheme) Curate Interest Received c) Activities for Generating Funds Building Rental income Access Rights sale Collections Donations - Other Donations - CAF & Stewardship Donations - Intern b) Investment Income Donations - Organ Grant-Cloudesley Trust Grant-Other Planned Giving - Not Gift Aided Tax Recoverable Bookstall income Church Rental Income:- Fees for services, etc Playgroup Other Activities Contribution from Hippo Club Hippo Club income Other income Deposit Account Tfr from curr a/c |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-24 31-Dec-23 73,147 - - 73,147 85,487 - 739 - 739 2,161 13,025 - - 13,025 11,705 - - - - - 6,091 - - 6,091 6,724 - 2,243 - 2,243 1,688 - 875 - 875 1,500 (42,691) 75,494 - 32,803 - 800 500 - 1,300 1,000 1,696 - - 1,696 3,727 15,928 - - 15,928 32,050 |
|---|---|
| 67,995 79,851 - 147,846 146,040 |
|
| 3,186 - - 3,186 677 |
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| 3,186 - - 3,186 677 |
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| 21,678 - - 21,678 17,508 37,599 - - 37,599 - 301 - - 301 - - - - - - 18,528 - - 18,528 17,579 - - - - - - - - - - 552 - - 552 1,009 - - - - - 857 - - 857 1,536 - - - - - |
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| 79,515 - - 79,515 37,632 |
This page does not form part of the statutory financial statements
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
4. RESOURCES EXPENDED
| Note Staff costs-Salaries and benefits Staff costs-Pension Contributions Other Ministry Costs Sundry Expenses Intern Scheme Governance costs:- Independent Examiner Fee Bank Charges Bookstall Church maintenance (inc. organ&church fabric) Church running expenses Curate costs Gas Water Rates Equipment purchases Gifts to people Grants/Donations Staff Costs:- Charitable Activities:- Cloudesley funded expenses Common Fund Traidcraft Training & Teaching expenses Insurance Costs Vicar's expenses Utilities:- Electricity Printing & stationery (inc. photocopier) Publicity Subscriptions Time for God volunteer |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 180 - - 180 178 531 - - 531 - 10,003 - 3,728 13,731 6,733 3,762 - - 3,762 3,199 6,839 2,961 - 9,800 - (42,691) 77,042 - 34,351 - 92,000 - - 92,000 87,775 81 4,323 - 4,403 4,582 1,388 - - 1,388 - 2,751 96 - 2,847 5,274 8,796 - - 8,796 8,710 1,846 - - 1,846 1,369 787 - - 787 2,022 25 - - 25 25 340 2,621 - 2,961 - - - - - 136 276 - - 276 239 275 - - 275 84 5,596 - - 5,596 9,307 5,393 - - 5,393 6,772 1,145 - - 1,145 925 24,725 - - 24,725 24,794 620 - - 620 529 567 - - 567 1,125 2,307 - - 2,307 888 - 4,720 - 4,720 2,679 1,200 - - 1,200 1,170 |
|---|---|
| 128,741 91,763 3,728 224,233 168,514 |
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Redevelopment Fund Cloudesley Fund Projector Organ Fund Pastoral Care Fund Intern Fund Curate Cripplegate Grants Total Rest. Funds |
Balance Unrealised Balance 01-Jan-24 Income Expenditure Gain/Loss Transfer 31-Dec-24 £ £ £ £ £ £ 3,266 - - - - 1,481 75,494 (77,042) - - (67) 7,700 875 - - - 8,575 1,494 - - - - 1,494 8,609 2,243 (7,341) - - 3,511 2,222 739 (2,961) - - - (11) 500 (96) - - 392 11,350 - (4,323) - - 7,027 |
|---|---|
| 36,110 79,851 (91,763) - - 24,198 |
PREVIOUS FINANCIAL YEAR
| Redevelopment Fund Cloudesley Fund Organ Fund Pastoral Care Fund Intern Fund Curate Cripplegate Grants Projector Total Rest. Funds |
Balance Unrealised Balance 01-Jan-23 Income Expenditure Gain/Loss Transfer 31-Dec-23 £ £ £ £ £ 3,266 - - - - 3,266 1,481 - - - - 1,481 6,200 1,500 - - - 7,700 1,494 - - - - 1,494 - - - - - - 9,600 1,688 (2,679) - - 8,609 61 2,161 - - - 2,222 (11) - - - - (11) - 15,672 (4,323) - - 11,350 |
|---|---|
| 22,091 21,021 (7,001) - - 36,110 |
The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
6. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| PREVIOUS FINANCIAL YEAR Redevelopment Fund-Designated Church Fabric Fund General Funds General Funds Total General Funds Total Designated Funds Church Fabric Fund Redevelopment Fund-Designated Total General Funds Total Designated Funds |
Balance Unrealised Balance 01-Jan-24 Income Expenditure Gain/Loss Transfer 31-Dec-24 £ £ £ £ £ £ 50,015 - (3,728) - - 46,286 651 - - - - 651 |
|---|---|
| 50,665 - (3,728) - - 46,937 |
|
| 7,260 150,696 (128,741) - - 29,215 |
|
| 57,926 150,696 (132,470) - - 76,152 |
|
| Balance Unrealised 01-Jan-23 Income Expenditure Gain/Loss Transfer 31-Dec-23 £ £ £ £ £ 50,015 - - - - 50,015 651 - - - - 651 - |
|
| 50,665 - - - - 50,665 5,445 163,328 (161,513) - - 7,260 |
|
| 56,110 163,328 (161,513) - - 57,926 |
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
7. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
8. CASH AT BANK AND IN HAND
| 8. CASH AT BANK AND IN HAND | |
|---|---|
| Bank Current A/c CCLA Deposit Fund Petty Cash |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ (72,786) 24,198 46,937 (1,651) 72,221 101,996 - - 101,996 21,810 5 - - 5 5 |
| 29,215 24,198 46,937 100,351 94,036 |
9. DEBTORS AND PREPAYMENTS
The Charity held no Debtors during this or the previous financial period.
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
The Charity held no Creditors during this or the previous financial period.
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The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilties during this or the previous financial period.
12. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Employer's National Insurance Costs Pension Contributions |
TOTAL 2024 £ 24,725 - 620 25,344 |
TOTAL 2023 £ 24,794 - 529 |
|---|---|---|
| 25,323 |
Average number of employees who were engaged in each of the following activities:
| TOTAL | TOTAL | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Charitable Activities | 1 | 1 |
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2023 - None)
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
(2023 - None)
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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