2024-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Christ Church Brixton

Registered Charity No. 1132845

Annual Trustees’ Report & Financial Statements

For the year ended 31[st] December 2024

Christ Church Brixton Road Parochial Church Council

Contents

For the year ended 31st December 2024

	Page
Trustees’ Annual Report	1 - 5
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Accounting Policies	9 - 10
Notes to the Financial Statements	10 - 17

RECTOR’S REPORT / REPORTE DEL RECTOR

English:

It has been a year full of blessings for both parishes. St. Matthew's has consolidated its presence, and Christ Church has also seen significant growth. The parish administrators have done an excellent job of promoting our presence and maximising the use of available space. Monic, the youth and children's worker, has created a wonderful ministry for young people and children in both churches, and this year, for the first time, our young people will attend a summer camp.

The websites have been redesigned, and an online platform for training lay leaders has been launched. Fr. Steve has done wonderful work with the English-speaking congregation at St. Matthew's and Bubble Church at CCBR, and Fr. Miguel continues his wonderful work with the Latino community. We have grown, and I sincerely believe we will continue to do so. The Lord has bestowed upon us numerous blessings, including the boys and girls who will receive their First Communion in both churches in the coming days, and of course, our young people who are also preparing to receive the sacrament of Confirmation soon.

Financially, much remains to be done, but the red envelope campaign was a great success at St. Matthew's. In both parishes, the goal is to maximise resources and obtain funding through the rental of available spaces, and in both, the role of Carolina and Monica has proven essential.

John Diego, as Director of Operations, has been especially involved in the renovation of the Van Gogh Café, which is about to reopen, and now he has to deal with the situation of the Hall.

There are challenges, but I believe there are many more blessings. It has been a wonderful year, and I think we should congratulate ourselves.

Of course, none of this would be possible without the selfless and invaluable work of Cynthia and Carolina, on the one hand, and Simon and David, on the other, who, as Churchwardens, support the team. Alongside them is a whole host of people, from the catechists, to the PCC members, volunteers, people who donate their time and money through the red envelope and collections, and countless others who make the mission of this team possible. Thank you all for your prayers, your love, and your constant support.

God bless you all.

Fr Hugo Adán Rector

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Spanish:

Ha sido un año lleno de bendiciones para ambas parroquias. San Mateo se ha consolidado en cuanto al número de personas que atienden la Iglesia y Cristo Salvador también ha despuntado en números. El trabajo de la administradoras parroquiales ha sido excelente para darnos a conocer y para sacar la máxima rentabilidad del espacio disponible. Monic, la trabajadora juvenil e infantil ha creado un ministerio precioso en las dos iglesias de jóvenes y niños y este año por primera vez nuestros jóvenes acudirán a un campamento de verano. Las páginas web se han rediseñado y se ha puesto en marcha una plataforma online para formación de líderes laicos. Fr Steve ha hecho un trabajo maravilloso con la congregación de habla inglesa en St Matthew’s y Bubble Church en CCBR y Fr Miguel continua con su estupenda labor con los latinos. Hemos crecido y creo honestamente que lo seguiremos haciendo. El Señor nos ha regalado un montón de bendiciones entre las que destacan los niños y niñas que en ambas iglesias van a hacer la primera comunión en los próximos días y por supuesto nuestro jóvenes que se preparan para recibir el sacramento de la confirmación también en breve.

Económicamente queda mucho por hacer pero la campaña del sobre rojo fue un gran éxito en San Mateo. En ambas parroquias se trata de maximizar los recursos y obtener financiación mediante el alquiler de los espacios disponibles y en ambas el rol de Carolina y Monica se ha mostrado esencial.

John Diego como director de operaciones se ha ocupado de manera especial de la renovación del café Van Gogh que ya esta apunto de reabrir y ahora tiene entre manos la situación del Hall. Hay retos pero creo que son muchas más las bendiciones. Ha sido un año estupendo y creo que debemos darnos la enhorabuena.

Por supuesto nada de esto sería posible sin el trabajo abnegado e inestimable de Cynthia y Carolina por un lado y Simon y David por el otro que como Churchwardens sostienen al equipo. Junto a ellos hay todo un grupo nutrido de personas, desde las catequistas, pasando por los miembros del PCC, los voluntarios y voluntarios, las personas que donan su tiempo y su dinero a través del sobre rojo y las colectas y un sin fin de personas que hacen posible la misión de este equipo. Gracias a todos ustedes por su oración, su cariño y su apoyo constante.

Dios los bendiga a todos.

P Hugo Adán Párroco

INFORME DE ACTIVIDADES PASTORALES – PARROQUIA CRISTO SALVADOR PERIODO: ENERO 2024 – DICIEMBRE 2024

1. Celebraciones Litúrgicas y Pastorales

2. Misas dominicales en español consolidadas, con una asistencia estable y creciente. Misas de sanación y reuniones de adoración realizadas durante la semana una vez al mes.

3. Formación y Catequesis

4. Catequesis de Primera Comunión y Confirmación con participación activa de niños y jóvenes.

5. Meta establecida para el curso 2025–2026: alcanzar 25 niños en cada grupo.

6. Estudios bíblicos dominicales a las 11:30 a.m., antes de la misa, abiertos a toda la comunidad.

7. Celebraciones Especiales y Sacramentales

8. Primera Comunión de 17 niños en junio 2024, con una asistencia de

9. aproximadamente 250 personas.

10. Más de 15 bautizos celebrados durante este periodo.

11. Celebración de la Virgen del Quinche en noviembre 2024: misa con 269

12. participantes, procesión y fiesta con bailes típicos, con una asistencia total cercana a las 300 personas.

13. Celebraciones en honor a advocaciones marianas de los países de origen de los feligreses: Virgen de Urkupiña, Virgen del Socavón, Virgen de Cochabamba.

14. Fiesta de Santa Cecilia con música litúrgica y acción de gracias por los músicos de la comunidad.

15. Presencia en Redes Sociales

16. Mantenimiento activo de la página de Facebook parroquial, compartiendo eventos, reflexiones, e invitaciones litúrgicas.

17. Uso de redes para la evangelización y fortalecimiento del vínculo con la comunidad migrante hispana en Londres.

18. Proyecciones y Metas para 2025–2026

19. Acompañamiento en el lanzamiento y consolidación de la misa en inglés.

20. Fortalecer el liderazgo laico y la formación espiritual en la comunidad.

21. Continuar integrando la multiculturalidad en la vida litúrgica y pastoral.

22. Ampliar el número de catequistas y espacios formativos.

23. Mejorar las instalaciones físicas de la basílica y su entorno con apoyo diocesano.

Fr Miguel Angel Pino

CURATE’S REPORT

This has been a significant year of change for Christ Church but with much to give thanks for. Whilst we made the difficult decision to pause the Sunday morning English congregation, we have continued to sustain Eucharistic ministry in English through an intimate midweek Wednesday evening service.

We are looking forward to recommencing the Sunday service in a new format in due course.

Bubble Church continues to bring good news. We have a strong core of families, and our volunteer team is growing. As leaders, Monica Pons and I work well ensuring that there is a good variety of activities available. This has been helped by the renovation of the side rooms into a new games space, which has also been used for the newly established bilingual youth group. The youth group has been a really encouraging development, and we have received funding from the Diocese to enable us to go on a summer pilgrimage to Walsingam, joining with hundreds of young people from across the country.

Our games space has also enabled us to create a monthly men’s group called ‘RAMS’, where we meet for some fellowship, prayer and reflection on the day’s Gospel passage. Outside the main worshipping life of the parish, we retain strong links with our local schools.

I continue to lead collective worship on a weekly basis in Christ Church primary, who received very good reports from Ofsted and the Church of England recently.

Monica and I also took the puppets into a brand new nursery opened up in the school to lead a simple Bubble Church, and other schools have come to visit the church to learn more about Christianity.

I am excited by the foundations laid over the past year and I hope and pray that Christ Church will continue to grow as a diverse church united in the love of the Lord Jesus Christ.

Fr Steve

CHURCHWARDEN REPORT

This is my report as Churchwarden for Christ Church Brixton Road for financial year 2024/25. An additional churchwarden David Yepes Franco was appointed at the APM last year. This has been an eventful and at times testing year for Christ Church. One key event was the completion of the quinquennial inspection by Nicholas Weedon of Hanslip & Co. The inspection was undertaken in December 2024 almost ten years since the previous inspection. Some defects were recorded and a number have been addressed. The inspection was thorough and although areas of immediate concern were identified the amount of work to be undertaken is manageable and crucially affordable.

The owner of the previous café on the premises Café Van Gogh closed their business sadly and we have since been negotiating with new owners when they can start a new café. The shop remains open during weekdays and the church continues to receive rental income from tenants in the community house, a legal firm renting office space and a bridal dress company Indiebride renting office space on the first and upper floors of the church building.

The co-operative which occupies the adjacent Church hall has encountered some financial shortfalls and it was agreed to reduce rents accordingly. Negotiations on the future of the co- operative tenancy are ongoing. New trustees of the Church Hall trust have been appointed following the resignation of Rotimi Meghoma as trustee and also treasurer of the church. There is a thriving Spanish service every Sunday which attracts a large and vibrant congregation and a Bubble church for young families once a month which has attracted a growing number of regular attendees. English services experienced difficulties in the course of the year and acting on Diocesan advice and with the agreement of Bishops Martin and Christopher the Sunday Eucharist was suspended in October 2024. It is hoped to recommence this in the summer of 2025. In the interim a Wednesday evening Eucharist has been arranged and there is a small loyal congregation for that service held in the chapel.

The outlook for the church is reasonable. The new café when it opens will increase footfall and a highly efficient administrator has arranged regular lettings of church premises and manages the day to day business of the church. The church has a prominent façade overlooking Brixton Road and planned illumination and other cosmetic works contingent on faculty approval will attract interest.

This next year will be my third as churchwarden of Christ Church Brixton Road and it is my intention to give notice of one year at the forthcoming APCM to enable a successor to be found.

Simon

Christ Church Brixton Road Parochial Church Council

INDEPENDENT EXAMINER’S REPORT

For the year ended 31st December 2024

Independent examiner’s report to The Parochial Church Council of The Ecclesiastical Parish of Christ Church Brixton (Charity no 1132845) on the financial statements of the charity for the year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet and the Notes to the Financial Statements.

Responsibilities and basis of report

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’). The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to examine the accounts under section 145 of the Charities Act, follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and state whether particular matters have come to my attention.

Independent examiner’s statement

Where the charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination by being a registered member of the Chartered Association of Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that:

• (1) In connection with my examination, no material matters have come to my attention which give me cause to believe that, in any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Report) Regulation 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

• (2) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Chaweevan Williams FCCA Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Road, London N1 7GU

Date: 13[th] October 2025

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Christ Church Brixton Road Parochial Church Council

Statement of Financial Activities

For the year ended 31st December 2024

					Total	Total
		Unrestricted	**Restricted **	Endowment	Funds	Funds
		Funds	Funds	Funds	2024	2023
	Notes	£	£	£	£	£
Income from:
Donations and legacies	3	20,533 -	20,533 -	- 20,533	- 20,5336,857	6,857
Charitable activities	4	824 -	824 -	- 824	- 82438,219	38,219
Other trading activities	5	94,107 -	94,107 -	- 94,107	- 94,10746,954	46,954
Investments	6	37 -	37 -	- 37	- 3751	51
Total income		115,501 - -	115,501 - -	115,501 - -	115,50192,081	92,081
Expenditure on:
Charitable activities	7	114,770 - -	114,770 - -	114,770 - -	114,77099,799	99,799
Total expenditure		114,770 - -	114,770 - -	114,770 - -	114,77099,799	99,799
Net income/(expenditure)		731 - -	731 - -	731 - -	731(7,718)	(7,718)
Transfers between funds	18	- - -	- - -	- - -	--	-
Net movements in funds		731 - -	731 - -	731 - -	731(7,718)	(7,718)
Total funds brought forward at 1 January 2024	14	(10,335)	23,598 -	23,598 -	13,26320,981	20,981
Total funds carried forward at 31 December 2024	14	**(9,604) **	23,598 - 13,994	23,598 - 13,994	23,598 - 13,99413,263	13,263

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Christ Church Brixton Road Parochial Church Council

Balance Sheet

As at 31[st] December 2024

		31 December 2024 ~~ee~~eee	31 December 2024 ~~ee~~eee	31 December 2024 ~~ee~~eee	31 December 2023 eee	31 December 2023 eee	31 December 2023 eee
	Notes		£	£		£	£
Fixed assets
Tangible fixed assets	9		5,516	5,516		6,633	6,633
Investment property	10		2	2		2	2
Total fixed assets			5,518	5,518		6,635	6,635
Current assets
Debtors	11	-			-
Cash at bank and in hand	12	9,796			8,560
Total current assets		9,796			8,560
Current liabilities
Creditors: amounts falling due within one year	13	1,320			1,932
Net current assets or liabilities			8,476	8,476		6,628	6,628
Total assets less current liabilities			13	13,994		13	13,263
Church funds
Restricted funds	16		23,598	23,598		23,598	23,598
Unrestricted funds			(9,604)	(9,604)		(10,335)	(10,335)
Total church funds	14		13	13,994		13	13,263
	12/10/2025

Approved by the Parochial Church Council on

and signed on its behalf by:

Rev’d Hugo Adan Fernandez Trustee, Chair

The accompanying notes form a part of these financial statements.

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Christ Church Brixton Road Parochial Church Council

Accounting Policies

For the year ended 31st December 2024

1 Accounting policies

a Basis of preparation

The financial statements have been prepared in accordance with:

• i) Applicable UK accounting standards, including Financial Reporting Standard 102 section 1A Smaller Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.

• ii) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102);

• iii) the Charities Act 2011.

b Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c Going concern

There are no material uncertainties about the charity's ability to continue operating and accordingly the accounts have been prepared on a going concern basis.

d Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period in which the tax reclaim is submitted to HMRC. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of church premises, which is accounted for when earned. It is shown gross, with the associated costs included in raising funds costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

e Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

• Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC.

• Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

• Rentals under operating leases are charged as incurred over the term of the lease.

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Christ Church Brixton Road Parochial Church Council

Accounting Policies (cont’d)

For the year ended 31st December 2024

1 Accounting policies (cont’d)

f Restricted funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

g Unrestricted funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

h Designated funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i Tangible fixed assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Other fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fixture 10% on cost Office equipment 33% on cost Music equipment 5-10% on cost

Items of equipment are only capitalised where the purchase price exceeds £200.

j Investments

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the SOFA.

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources

Net outgoing resources
Net outgoing resources	Total Funds	Total Funds
	2024	2023
Net outgoing resources are stated after charging:	£	£
Independent Examiners fees	1,320	1,200
Depreciation - owned assets	1,117	1,117
Trustees’ emoluments	-	-

	Unrestricted	Restricted	Total Funds	Total Funds
Donations and legacies	Funds	Funds	2024	2023
	£	£	£	£
Standing orders	1,505	-	1,505	659
Envelope giving	9,003	-	9,003	4,868
Donations & appeals	10,024	-	10,024	330
Legacies	-	-	-	1,000
Non-recurring one-off grant	-	-	-	-
	20,533	-	20,533	6,857
	Unrestricted	Restricted	Total Funds	Total Funds
Charitable activities	Funds	Funds	2024	2023
	£	£	£	£
Weddings, funerals and certificates	441	-	441	1,103
Food cupboard	383	-	383	265
Social activity	-	-	-	36,851
	824	-	824	38,219
	Unrestricted	Restricted	Total Funds	Total Funds
Other trading activities	Funds	Funds	2024	2023
	£	£	£	£
Church lettings incl. Lodgers rental	66,152	-	66,152	16,230
Charity shop – Honeydawn Ltd	14,400	-	14,400	-
Other receipts	534	-	534	683
Cafe letting & service charge	13,022	-	13,022	30,041
	94,107	-	94,107	46,954
Investment income – Bank interest	37	-	37	-
Total Income	115,501	-	115,501	92,030

3 Donations and legacies

4 Charitable activities

5a Other trading activities

5b Investment income – Bank interest

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

6 Investments

Bank interest received

Unrestricted	Restricted	Total Funds	Total Funds
Funds	Funds	2024	2023
£	£	£	£
37	-	37	51
37	-	37	51

				Total	Total
		Unrestricted	Restricted	Funds	Funds
7	Charitable activities	funds	funds	2024	2023
		£	£	£	£
	Charitable/Donations giving	-	-	- 565	565
	Cleaner - Gross + Er's NIC	3,000	-	3,000 1,650	1,650
	Upkeep of services - general	817	-	817 1,185	1,185
	Upkeep of services - music	3,450	-	3,450 3,413	3,413
	Interfaith expenses	-	-	- 1,980	1,980
	Food Cupboard expenditure	129	-	129 1,795	1,795
	Education - Sunday School	-	-	- 130	130
	Insurance	6,333	-	6,333 6,263	6,263
	Water, heat & light	25,925	-	25,925 38,231	38,231
	Repairs & maintenance	8,645	-	8,645 9,949	9,949
	Hospitality & Church running expenses via Equal	6,692	-	6,692 2,107	2,107
	Working expenses of Incumbent	-	-	- 1,104	1,104
	Parish Support Fund / Diocesan pledge	2,400	-	2,400 1,200	1,200
	Printing & photocopying	1,394	-	1,394 3,959	3,959
	Parish training & mission	-	-	- 11	11
	Telephone	7,722	-	7,722 6,166	6,166
	Curate & Clergy expenses	4,498	-	4,498 45	45
	Cleaning	4,266	-	4,266 7,715	7,715
	Equipment (except when capitalised)	-	-	- 306	306
	Sundry expenses	517	-	517 889	889
	Bank charges	60	-	60 90	90
	Freelance administrator & Staff Expenses	1,734	-	1,734 4,680	4,680
	Depreciation	1,117	-	1,117 1,117	1,117
	Staff costs	31,731	-	31,731 4,049	4,049
	Legal and Professional	3,019		3,019 -	-
	Independent Examiner's fees	1,320	-	1,320 1,200	1,200
		114,770	-	114,770 99,799	99,799

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

8 Staff Costs

Staff salaries

Staff Numbers

Average number of employees during the year was:

2024	2023
£	£
31,731 4	4,049
1	1

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2024 nor to 31 December 2023.

9 Tangible fixed assets

Tangible fixed assets
	Furniture	Office	Music
	fixture	equipment	equipment	Total
Cost	£	£	£	£
At 1 January 2024	26,553	17,980	68,036 112,569	112,569
Addition	-	-	- -	-
At 31 December 2024	26,553	17,980	68,036 112	112,569
Depreciation
At 1 January 2024	19,920	17,980	68,036 105,936	105,936
Charge for the year	1,117	-	- 1	1,117
At 31 December 2024	21,037	17,980	68,036 107	107,053
Net book value
At 31 December 2024	5,516	-	- 5	5,516
At 31 December 2023	6,633	-	- 6	6,633
Investments
			Investments	Total
Market Value			£	£
At 1 January 2024			2 2	2
At 31 December 2024			2 2	2

10 Investments

Investments: The investment relates to 100% of the share capital in Honeydawn Limited (Company number: 2883916), a company set up to generate income for the Church. The shares are held by Liz Waldy as nominee for the PCC.

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

10 Investments (cont’d)

Investments The investment relates to 100% of the share capital in Honeydawn Limited (Company number: 2883916), a company set up to generate income for the Church. The shares are held by Liz Waldy as nominee for the PCC.

11 Debtors: amounts falling due within one year

11	Debtors: amounts falling due within one year	2024	2023
		£	£
	Accrued income	- -	-
	Other debtors	- -	-
		- -	-
12	Bank and cash in hand	2024	2023
		£	£
	CAF Current Account	8,259 7,036	7,036
	CAF Gold Account – Appeal	1,147 1,120	1,120
	CAF Gold Account - Community	363 354	354
	Petty cash	27 50	50
		9,796 8	8,560

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Creditors: amounts falling due within one year	2024	2023
	£	£
Rent deposits held	- 2,350	2,350
PAYE/NI Control Account	- (1,616)	(1,616)
Accruals	1,320 1	1,198
	1,320 1,932	1,932

14 The funds of the charity: current year

	Opening	Resources	Resources	Other	Closing
	Balance	Arising	Utilised	Movements	Balance
	£	£	£	£	£
Restricted funds
Restricted income funds	23,598	-	-	- 23,598	23,598
Unrestricted funds
General funds	(10,335)	115,501	(114,770)	-	(9,604)
	13,263	115,501	(114,770)	- 13	13,994

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

15 The funds of the charity: prior year 2023

	Opening	Resources	Resources	Other	Closing
	Balance	Arising	Utilised	Movements	Balance
	£	£	£	£	£
Restricted funds
Restricted income funds	44,529	-	(2,110)	(18,821) 23,598	23,598
Unrestricted funds
General funds	(23,548)	92,081	(97,689)	18,821	(10,335)
	20,981	92,081	(99,799)	- 13	13,263
Restricted funds: current year
	Opening	Incoming	Resources	Transfers &	Closing
	Balance	Resources	Expended	Adjustments	Balance
	£	£	£	£	£
Building Appeal	21,005	-	-	- 21,005	21,005
Food Cupboard	-	-	-	- -	-
Youth & Educational Fund	18	-	-	- 18	18
Church Commissioners Mission Fund	2,575	-	-	- 2,575	2,575
Community Fund	-	-	-	- -	-
	23,598	-	-	- 23	23,598
Restricted funds: prior year 2023
	Opening	Incoming	Resources	Transfers &	Closing
	Balance	Resources	Expended	Adjustments	Balance
	£	£	£	£	£
Building Appeal	21,005	-	-	- 21,005	21,005
Food Cupboard	2,699	-	-	(2,699) -	-
Youth & Educational Fund	18	-	-	- 18	18
Church Commissioners Mission Fund	4,685	-	2,110	- 2,575	2,575
Community Fund	16,122	-	-	(16,122) -	-
	44,529	-	2,110	(18,821) 23	23,598

16 Restricted funds: current year

17 Restricted funds: prior year 2023

Restricted funds (cont’d)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

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Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

Restricted funds (cont’d)

Building Appeal	Used for funds specifically raised to pay for the repairs and improvements needed to the fabric of the Church buildings.
Food Cupboard	Used toprovide food assistance to the needy.
Youth & Educational Fund	Used for Youth & SundaySchool Provision.
Organ Fund	This represents the restricted element of the cost of the new organ purchased in 2008. The cost was capitalised and is being depreciated over 10 years from 2008. The amount of restricted resources expended represents the depreciation charge.
Church Commissioners Mission Fund	Used for activities in connection with churches mission to the Parish of Christ Church,Brixton Road.
Community Fund	Used to hold donations from Honeydawn Limited to be spent on facilitatingwork with children or adults in the congregation orparish.

18 Transfers between funds: current year

	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£	£	£	£	£
Restricted to general -	-	-	-	- -	-
-	-	-	-	- -	-
Transfers between funds: prior year 2023
	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£	£	£	£	£
Restricted to general 18,821	18,821	-	(18,821)	- -	-
18	18,821	-	(18,821)	- -	-
Net assets attributable to funds: current year
	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£	£	£	£	£
Tangible fixed assets 5,518	5,518	-	-	- 5,518	5,518
Current assets 9,796	9,796	-	-	- 9,796	9,796
Current liabilities (1,320)	(1,320)	-	-	- (1,320)	(1,320)
Net assets represented by funds 13	13,994	-	-	- 13	13,994

19 Transfers between funds: prior year 2023

20 Net assets attributable to funds: current year

16

Christ Church Brixton Road Parochial Church Council

Notes to the Financial Statements

For the year ended 31st December 2024

21 Net assets attributable to funds: prior year 2023

	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£	£	£	£	£
Tangible fixed assets	6,635	-	-	- 6,635	6,635
Current assets	(15,038)	-	23,598	- 8,560	8,560
Current liabilities	(1,932)	-	-	- (1,932)	(1,932)
Net assets represented by funds	(10,335)	-	23,598	- 13	13,263

22 Taxation

The PCC is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

23 Post balance sheet events

There were no significant post balance sheet events.

24 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2024 nor at 31 December 2023

25 Related parties

During the year the members of the PCC and their related parties made aggregate donations of £Nil (2023: £733).

26 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

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