Docusign Envelope ID.. DBCE6D7(kEAC7435B474A456E746137AO Christ Church THE CHURCH OF ENGLAND CHRIST CHURCH PCC, ST ALBANS Registered Charity No l 132925 ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2024 REPORT Trustees Annual Report FINANCIAL STATEMENTS Statement of Financial Activities Balance Sheet Notes to the Financial Statements Independent Examiner's Report 20 Page l of 20 Griffin St(e M05crop & Co
Docusign Envelope ID,. DBCEfjD70-EAC7-4358474A-456E746137AO Christ Church St Albans Statement of Financial Activities For the year ended 31 st Decem ber 2024 Aim and purpose Christ Church St Albans Parochlal Church Councll IPCCI Is responsible for co-operatlng wlth the Incumbent, the Rev Drjeremy Follert, In promoti ng in the parish the whole mlsslon of the church - pastoral, evangelistic. soclal and ecumenlcal. Objecilves and activltles The PCC is commltted to enabling as many people as posslble to know Ggd through his sr)n, Jesus Chrlst, and to live in the power of hi5 5pirlt both In the church and In thelr live5 In the wlder communlty. The I ncumbent and the PCC have been mlndful of the Charity Commi5sion'5 guidance on public beneflt and In partlcular rhe speclfic guldance on charltles for the advancement of rellgion. All are welcome to our artlvltles, where we seek to know God better, and worl< out the Impllcatlons In our lives. We are very consCIOU5 that as a Church we exist More for the benefit of those outside the church than those vvlthln. Thls is expressed through the Church Vlslon,. to be an ALL AGE COMMUNITY on a SHARED JOURNEY OF FAITH mal<lng THE EDGE THE CENTRE so that JESUS CAN BE KNOWN. In practice this 15 a challenging vision, A5 the world and our community change, 50 the words we use and our life together must adapt so that the eternal me55age Is still relevant to those around us. As each generatlon clevelops Its own. dlfferent culture, so the challenge of belng an all.age Church Incroases. Speclfl activitie5 inc5ude'. Worshlp and prayer, learnlng about the G05pel and developing our knowledge and trust in Jesus Provlslon of pastoral care for people Ilvlng I n the parlsh Qutreach work Support of Christian mi55ion elsewhere in the UK and globally To facilltate this work, It is Im portant that we malntain the fabric and improve the facilitie5 of the Church Centre. Worship and Evangelism The PCC is com mitted to providing worship services that congregation and wider corn munity find both ben@flclal and splrltually fulfllllng. We currently choose to operaie Just one worship seice which 15 live- Streamed. With an eMpha5is on familles thls has enabled us to all be together as often as posslble. The Vlcar Is presently supported by a ministry team of 3 Readers, and I retired Clergy. A key part of all our worshlp events 15 muslc In which we are served by skllled and dedlcated Muslclan5. On weekdays Smaller groups meet whlch take the opportunlty for worshlp, study, prayer and fellow5hip/mutual 5UPPOrt. The small group structure has been neglected recently so we are In tho prDce55 of reluvenatlon, We also undertake regular mission projects to the local community including Seniar5, Parent and Toddlers ICC Totsl, an Open Youth Club (Shackl and Monday Suppers offering a warm space and food to any who want It. All are welcome to attend our regular activities. We are joined online by people from around the world, or who cannot make a particular servlce, wlth average vlewing flgures for live-stream or ensuing recording belng around 30. As well as our regLJlar service5 we have continued to enable the com munlty to celebrate and thank God at the n)Ilestones of thelourney through life. Through baptlsm we ihanlc God for the gift of new Ilfe, in marrlago public vows are exchanged wlth God's blesslng and through funeral servlces frlends and family express their grief and give thanks for the Ilfe uvhlch Is now complete In thls vvorld and to commend the person into God's keepl ng. Durlng the year the church and its clergy conducted 5 funera15 and 2 baptlSMS. Prayer plays a very Im portant part In the life of the church. A monthly Saturday prayer breakfast continues to be of benefit. An email prayer chaln contlnue5 to alert church members to speclflc need5 wlthln the Church community. Several Prayer Triplets still thrive. Page 2 of 20 Grlffin Stone MOscP & Co CH[81&DcOwÈREs15TEDAuDffoFs
Docusign Envelope ID.. DBCE8070.EAC7435&874A.45eE746137AO Christ Church St Albans Statement of Financial Activities For the year ended 31 st Decem ber 2024 Other Actlvlties Other actlvlties take place In the church or hall wlth dlsclpleshlp and outreach obJective5. They normlly Include.. CC Families meet a5 part of our main Sunday worshipi a pattern in which parents & children learn together CC Youth nouv meet alongslde faml Iles on Sunday mornlngs to relate Scrlpture to the Issues of Science & Falth belng taught at school 'CC Tot5'_ a parent & toddler group on Wednesday5 'SenSor5' ourreach lunches and teas and study group5 Im3lnly TL4e5days or Thursdays), for senior member5 of church and communlty 'Shack' an open youth club including Christian teaching se$5ion on Fridays 'Monday Suppers, a free hot Meal In a warm space for any who need it Other charltable and communlly organisations also make regular use of the Church premlses Includlng.. Wacky Wheels for wheelchalr bound young people on Monday5 A Trussell Trust Foodbank on Tuesdays Model Englnoers monthly on Wednesdays Rennie Grove Hospice on Tue5day5 for consultation5 whilst their building underwent renovation5. Corn rn unities, I st in conjunction with Foodbank ran cooking 5e5sions for refugees. Brownles on Thursdays Women's Institute Belles monthly on Wednesday evenlngs 'Friday drop-in, over lunch for disabled adults on Frldays 'Performlng Hert5' every TL4esday Global Mlsslo Helping those in need, whether physical or spiritual. 15 a demonstration of our faith vuith 12% of our overall expenditure given to mission cause5. During 20Z4 we continued to 5UPPOrt long-term mission partners worklng In Argentl na and the UK wlEh financlal and/or prayer support. Church members also contlnue to sponsor school chlldren at Crown of Llfe School In Zambla enabllng them to contlnue thelr educatlons. Sorne individuals spon50r other children acros5 Africa through Compassion UK. We have also supported another orphanage In Uganda. Home5 of Prom ise" Page 3 of 20 Griffin Stone Moscrop & Co cHtsRTEREDPLCOwm5&RsTEDAUDff0
Docuslgn Envelope ID., DBCE6D70-EAc7435U74A.4s6E746l37A0 Christ Church St Albans Statement of Financial Activities For the year ended 31 st December 2024 IMt£chYCh actlvltles rhe church supporrs two Chrlstlan outreach projects to yDUth in our comm Linlty. We support the worli of Step, which trains and take5 valunteer Christian vvorkers Intts the schools In St Albans and Harpenden wltli the aim of presenting d relevant example of Christianity to the young people they meet. We d150 support the work of the 2..67 Project., a St Albans based Chrlstian charliy whlch provlde5 advice, support, oncouragement, resource5 and training to churches In the St Albans area In all aspects of youth and children's work. We also continue to support the Living Roorn project, a hugely frulrful organlgatlon worl<lng wlih those who have long term addlcrlons. We continue to give long term support to each of these three projects. The church Is a member of the Evangellcal Alllance and Churches Together for St Albans. BulldlAoS t4nd GYoMtr7ds The use of our bullding contlnued to InCree throughout 2024. The Church Centre has envlable facilities whlch normally lead to Its heavy use by the church and local community alll(e. It Is equl pped wlth photo voltaic panels to reduce the Church'5 carbon footprlnt and energy expendlture. Planning for phase 2 of ihe buildlng proJeci Ireplacillg the problematic flar roof of the original worship centre wlth a new pltched roof and re-orderlng the interior of the original worship centrel is on-gvlng. Varlous speclallsts are belng engaged who have produced a robust deslgn along with a cost estlmate. The 9rounds are constantly being developed with avari2ty of plan5 to engage the comm unlty In eco.frlendly "creatlon care" Staff With reduced income it has not been viable to appoint for any fulltime rDle5. Hovvever Damian Gasl<ln has been successfully appolnted to the parttime role of Communication5 Co-ordinator and Debble Dorman contlnues to flourlsh In her role as Church Administrator. Both parttlme staff greatly enhance the Ilfe of Christ Church. Cleaning is undertalcen by a cleaning company. Page4 of20 Griffin Stone Moscrop & Co 0.WEACC(iHfw4TS1REGETEDATU5
Doeuslgn Envelope ID.. DBCE6D70.EAC7.435B.874A-456E746137AO Christ Church St Albans Statement of Financlal Actlvltles For the year ended 31 st December 2024 Flnancial review Ge¢01 Fund The table below shows the General Fund Income and expenditure result for 2024 and the budget for 2025. Actual Budget Budget 2024 2024 2025 £'ooo £'ooo £'ooo Income Donation5 145 141 146 Other Incorne 29 29 35 174 170 181 Expendlture Staff costs lincludlno quota share for vlcar) Worshlp Communlty actlvitles Resource5 (building and admlnlstratlonl Outreach 1891 (961 1981 14) 15) 191 1121 157) 143) 1561 101 (o) Donatlons {141 1171 1171 1170 (170> (188) Deflclt on expendlture for the (2) (7) The church ended the year wlth a Smaller than expeited deficit. uilding F¥pJd Pledgeg for phase I have all been recelved, any Income now received is Set aside for phase 2 of the build vwhlch Is under conslderatlon. ReSerS policy It 15 the pollcy of the PCC to malntaln, If pos51ble, free reserves whlch equate to at least three rnonths unrestrlcted payment5, plus £1 O,QQO for emergency repairs land if budgeting for a deficit, years of expected deflclt In additlonl. At present thls would amount to £67,360., free reserves Igeneral and designated) are turrently £212,28S. CoNcluslo God's provlslon Is clèar. Our careful stewardship uf these resources Is paramount for the forthcorn ing year and beyond. Many thanks to all ijvho are involved in the fi nances of the Church throughout the year. especially Dawn Walker, Doreen Collins, Cottrell, Debble Dorman, Paul Collls and Sarah Patrick. Thanks also to the stewardshlp of the budget holders for Eheir careful use of the church's financial. resources. Page 5 of 20 Griffln Stone Moxrop & Co AftTEREDACCN1I&RLt5rEREDAl[yF
Dottuslgn Envèlopè ID.. OBCE6070-EAC7-435D-874A-456E746137AO Christ Church St Albans Statement of Flnancial Activities For the year ended 31 st Decem ber 2024 StructureF governance and management The method of appolntment of PCC members is Set out In the Church Represeniatlon Rules. Membership of the PCC Includes ex-officio our Vicar, churchwardens, and member5 of the Diocesan and General Synods who are on the Èlectoral roll of the Church. Those members of the congregallon who are on the elettoral roll elect 9 PCC members13 each yearl and 3 Deanery Synod mem bers for three-year terms. The electoral roll num bered 122 at the 2024 APCM. After each APCM, neuv PCC members are given brleflngs n the roles of the PCC, Its offlcers and member5, and Standing Term5 of Reference for Its Standlng Comm Ittee and Action Croups. The PCC met 9 times durlng the year. Several commlttees report to the PCC,, the Srandlng Commlttee and Action Grou ps coverlng Bulldlngs & Grounds, Global Mission and Staffing. The PCC employs the Staff m entSoned earller on page 4. Our Safeguardlng pollcles for children and vulnerable adults are revlewed annually and there are approv procedures for all who work with children and young people Includlng the obtalnlng Df DlsclosLsre and Barrlng Service clearances, The PCC have complled, under sectlon S of the Clergy Safeguardlng amd Dlscipllne Measure 120161, in it5 duty concernlng the House of Blshop's guldance In safeguardi ng chlldren and vulnerable adults. Page 6 of 20 Griffln Stone Moscrop & Co (HAA£CNTANTSREO5tEFEDDf&&
Docusign Envelope10'. 08cE6D7EAC7-43SB74A4s6E746l37A0 Christ Church St Albans Statement of Financial Activities For ihe year ended 31 st December 2024 Reference and administrative details Christ Church St Albans is part of the Diocese of St Albans within the Church of England. The address is Christ Church Centre. 3 High Oaks. St Albans. Herts AL3 6DJ. The Diocese owns the freehold of the property. The Church website is at htt www.ccstalbans.or The PCC 15 a body corporaie IPCC Powers Nleasure 1956. Church Representation Rule5 20061, and Is a charity registered with the Charity Commission under charity registration number l 132925. Registration is in the name of The Parochial Church Council of the Ecclesiastical Parish of Christ Church, St Albans. All PCC member5 are trustees for the registered charity. The PCC members who have seNed during the year until the date this report was approved were.. Vicar.. Jeremy Folle David Boyce Chri5 Patrick (until Aprll 20241 Malcolm Blaxland (from April 20241 Church Wardens= Oeanery Synod: Meriel Dixon John Truscott (from April 20241 Jonaihan Carter (from April 20241 Diocesan Synod- Meriel Dixon Elecled members.. Paul Bailey (from April 202 3 until February 20241 Hilary Boyce (from April 2024) Samantha Brown (until September 20241 Jonathan Carter luntil April 20241 Paul Collis rrfeasurer until April 2024) Oliver Donald (until April 20241 Jackie Kenealy (from April 20241 Dawn Kennedy Sarah Patrick ttreasurer from April 20241 Beverley Taylor-Doe Andy Walker Brban Williams (from April 2024) Approved by the PCC on 6° April 2025 and signed on its behalf.. Rev. Jeremy Follett Page 7 of 20 Griffin Stone Moscrop & Co
Docu8lgn Envelope ID.. DBcE6D7D-EAC7-43SB4744s6E746l37AO Christ Church St Albans Statement of Financial Activitles For the year ended 31 st Docember 2024 Unrestrfcted fund5 Restrlcted funds Total funds 2024 Total funds 2023 Incgme and Endowments from.. Donations and legacles 144.752 11,315 156,067 144,848 Fundraising Income 5nvestments 2.180 26,969 2,180 26,969 565 Charitable Actlvltles 24,305 Total income and endowment5 173,902 11,315 185,217 169,717 Expendlture on: Charitable activities expenses 6-10 175,777 18,722 194,499 179,715 Total expendlture 175,777 18,722 194,499 179,715 Net Incomel(expendlture) <1,875) (7,407) 19,282) 19,998) Total funds brought fOard 214,161 554.g94 769,155 779.153 Total funds carrled forward 212,285 547,587 759,872 769,155 All actlvltles relate to continulng operations. The note5 on page5 1 O to 19 form part of these financlal statements Page 8 of 20 Grfffin Stone Nascrop & Co CHAThEDXmUPI1ANT5lllEGISJAwIT
Docusign Envelope ID,. DBCE6D71YEAC7-435B-874A-456E746137AO Christ Church St Albans Balance Sheet As at 31st December 2024 Note 2024 2023 Flxed assets Tangible assets 529,605 543,870 Current assets Debtors Cash at bank and In hand 59,564 194,938 254,502 22,439 209,970 232,410 14 Credltors: amounts falling due within one year 19.234) 17,1261 Net Currant Assets 245,268 225,284 Credlrors: amounts falllng due after one year (15,000) Net Asset5 759,872 769,155 Charlty Fund5 Unrestrltted funds General fund 141,123 71,163 547,587 T36,998 77, 165 De51gnated funds Restricted funds 554,994 Total Funds 759,872 769,15 5 Approved by the Parochlal Church Councll on 6° April 2025 and signed on Its behalf by.. s i.k"& The Reverend Jeremy Follett Ichalrl Sarah Patrlck ITreasurerl The note5 on page5 1 O to 19 form part of these Flnanclal Statement5. Page g of 20 Grlffin Stone M05crop & Co CI.MMDK£wANTS8EGISlEREDAl1)T[5
Docuslgn Env&lop6 ID.. DBCE6D70.EAC7435B.874A456E746137AO Christ Church St Albans Notes to the flnancial statements For the year ended 31 st December 2024 l. Accounilng Pollcles al Basls of preparatlon of finantial statements The flnanclal statements have been prepared under the hlstorical c05t convention with items recogni5ed at cost or transactlon value unless othenNlse stated In the relevant notès to these accounts. The flnanclal statements have been prepared In accordance with the 5taternent Df Recornmended Practlce: Accountlng and Reporti ng by Charities preparing their accounts in accordance with the Flnanclal Reporrlng Standard appllcablo In the UK and Republic of Ireland IFRS 1021 updated In October 2019 and Charltle5 Act 2011. The financial statement5 have been prepared to glve a "true and falr. vlew and have departed from the Charities (Accounts and Reports) Regulatlons 2008 only to the extent requlred to provide a'true and faiff, vlew. Thls departure has Involved followlng Accountlr)g and Reporting by Charitles.. Statement of Recommended Practlce appllcable to charltie5 preparlng tlielr accounts In accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 updated in October 2019 rather than the Accounilng and Reportin9 by Charlties,. Statement of Recommended Practlce effectlve from l April 2005 which has slnce been wlthdrawn. Chrlst Church St Albams constltutes a public benefit charity as defined by FRS 102. bl Funds General Fund5 are unrestricted funds which are available for use at the discretlon of the PCC in furtherance of the general objectives of the church and whlch have not been deslgnared for any other purposes. Designated Fund5 are fund5 whose use is not legally restricted, but wh05e purpose has been deslgnated by the PCC. The alm and use of each deslgnated fund is set out in the note5 to Lhe financial statements. Ihe PCC Is entltled to change It5 mlnd and to use these funds In whatever way It sees flt, Restrlcted Funds are fund5 which are to be used in accordance with Specific re5trittions imposed by donors or whlch have been ralsed by the church for partlcular purposes. The costs of raising and administering such funds are charged agalnst the speclflc fund. The alm and use of each restritted fund Is set out In thè notes to ihe financid 5tatementS. cl Income All Incom e Is recognlsed once the church has entiilement to the incorne, it 15 probable that the income will be recelved and the amounr of Income receivable can be Measured reliably. Income tax recoverable in relation to donations receivable under Gift Aid donations or deeds of covenant 15 recognlsed at the time of the donatlon. Other incom e is recogni5ed in the period in which It Is recelvable and to the extent the good5 have been provlded or on completlon of the servlce. dl Expendilure Expondlrure Is recognlsed once there is a legal or constructlve obllgation to make paym ent to a third party, It Is probable that Settlement will be required and the amount of the obllgatlon can be measured r2llablv. All expenditure Is accounted for on an accruals basls. All expenses includlng Support cost5 and governance Costs are allocated to the appllcable expendlrure headlngs. e) Flxed assets Consecrated and beneficed property Is not included in accordance wlth s l 0121 Icl of the Charltles Act 2011 Movable church furnishings held by the Vlcar and Churchwardens on speclaj rrust for the PCC, and which require & faculty for dlsposal, are accounted as Inallenable properry unless consecrated. They are listed In the Church Inventory whlch can be Inspected lat any reasonable timel. For Inallenable property atqulred prior to 2000, there Is insufficient cost information available., therefore such assets are not valued in the financlal statements. Items acqulred slnce l itr January 2000 are capltalised and depreclated over thelr currently anticipated future economlc Ilfe. All expendlture Incurred during the year on consecrated Dr beneflced bulldings and movable church furni5hlng5, whether mainrenance or improvement. Is wrltten off as expendlture In the Statement of Financial Activities and separately disclosed. Leasehold land and bulldlngs comprlse the New Bulldlng, whlch was brought into use from October 2011 Tangible fixed assets are depreciated on a straight line basis over their estimated useful lives. The periods Used are as follows,, PagelQof20 Grtffin Stone Moscrop & Co
DDCU8lgn Envèlope ID.. DBcE6D7EAcT.435B-874A4S6E74BI37AO Christ Church St Albans Notes to the financial statements For the year ended 31 st December 2024 Leasehold land and bulldlngs Furnitiire and fitting5 Other equlpment SO years 5-1 O years 3.5 years fl Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued ar the amount prepaid, gl Cash at Bank and In hand Cash at bank and In hand Includes cash and short term highly liquid investments with a short m aturity of three months or less from the date of acqulsltlon or opening of the deposlt or simllar account. h) Creditors and Provisions Llabllltles are recognlsed when there15 an obllgatlon at the Balance sheet date as a result of a past event, it is probable that a transfer of economic beneflt wlll bo requlred In sertlement, and the amount of the settlement can be estimated reliably. Liabilities are norrnally recogni5ed at their settlement amount after allowlng for any trade dlscounts due, i) Financial Instruments The church only has flnanclal assets and flnanclal Ilabilltles of a klnd that qualify a5 basic financlal insiruments. Baslc flnanclal Instruments are Inltially recognlsed at transactlon valu2 and subsequentlv measured at their settlement value with the exception of bank loan5 which are Subsequently measured at amortlsed cost uslng the effective interest method, Page 11 of 20 Griffin Stone Moscrop & Co g.R1EREDwTw4Ts&RE15lF.FEDAu[T(S
Docusign Envelope ID= DBCE6D71kEAC7435B-874A456E746137AO Christ Church St Albans Notes to the financial statements For the year ended 315t December 2024 2. Income from Donatlons and Legaclos Unrestrlcted funds Re5trfcted funds Total 2024 Total 2023 Tax efflclent planned glvlng other planned giving Collections at servlces 108,179 10,120 4,827 21,626 50 108,229 10,120 4,827 21,626 106,508 12.066 3.246 Zl,279 Tax recoverable through Glft Ald Legacy Income i 0,000 io,000 Grant Income 1,265 1,265 1,750 Total donations and legacles 144,752 11,315 156,067 144,848 3. Fundraising Income Unrestrlcted funds Restrlctèd funds Toial 2024 Total 2023 Bullding fund Income Specific fundraising events and acrlvltles 4. Investment Income Unrestrlcted rundg Restrlcted funds Total 2024 Total 2023 Interest recelvable 2.180 2,180 565 5. Income from Charltable Activities Unre5trlcted fund5 Restrlcted funds Total 2024 Total 2023 Wedding and similar fees Rental Income 217 217 345 26.752 26,752 23,960 26.969 26,969 24,305 Total Incomlng resources 173.902 11,515 185,217 T69,717 Page 12of20 Grlffln Stone MOSLYOP & Co cHTEllED#£CouMrWs®TÉ*FDAu
Docuslgn Envelope ID,. DBCE6D70-EAC7-435B-874A-458E746137AO Christ Church St Albans Notes to the flnancSal statements For the year ended 31 st December 2024 6. Analysis of Re50urce5 expended'by Expenditure Type Staff C05ts 2024 Other c05t5 2024 Total Total 2024 2023 Church Actlvltles Governance - Independent examiners, fees 13,325 179,494 1,680 181,174 192,819 1.680 194.499 178,155 1,560 179,715 13,325 Fees of £1 ,68012023 - £1 ,5601 were payable in the year to the independent examl ner for the examlnatlon of the financial statements, and fees Df £30012023 . £5151 were payable lo the examlner for other seNices provided, Included wlthln support costs. 7. Church Activitie5 Summary of expenditure by fund type Unrestrlctad funds 2024 Restrlcted funds 2024 Total fundg 2024 Total funds 2023 Church activities las analysed in notes 6 -101 174,097 18.722 192.819 178,155 8. Analysls of ReSoUeS expended by actlvliles Actlvltles undèrtaken dlrectly 2024 Support Costs 2024 Total 2024 Total 2023 Church Actlvltjes 121,153 71,666 192,819 178,155 Page13of20 Griffin Stone Moscrop & Co CHAERAccNTtsNrS&PEG57EFEDAL1V[o
Docusign Envelopa ID.. DBCE6D70-EAC7435B474A456E746137AO Christ Church St Albans Notes to the flnanclal statements For the year ended 31 st December 2024 9. Dlreci Church Actlvliles Total 2024 Total 2023 Dlrect costs: Parish 5hdre Refunded HMRC costs Other staff c05t5 Vicars expenses Worship Outreach Youth and communlty activltie5 Glfts 76.608 14,9381 13,325 4,223 3.740 1,533 10,410 1.852 76,235 9,939 4,594 2,509 8,231 82 Mlsslo Home St Albans Schools Worker1STEPI The Living Room 267 Project Donation5 through GMAG Mission work of M & S Browne Mlsslon work of S Young Misslon work of R Howson Misslon work of Homes of Promlse 650 650 500 500 750 750 4,000 2,500 2,500 2,000 4,000 2.500 2,500 4,000 Mission work of Misslon Direct Glft to Mis51on Partner ,500 500 121.153 118,846 io, Overhead costs In support of dlrect church actlvliles Total 2024 Total 2023 Supporr Costs: Building5 and grounds 30,686 11,289 8,743 1,363 1,609 17,976 71,666 19,817 8,915 9,088 1,307 1,343 18,839 59.309 Admlnlstratlon Insurance Caterlng Depreciation The cost of utilitles is stated after offsettlng £5,12212023 - £3,475) of Income from solar generatlot) feed- In tariff, Page14of20 Griffin Stone Moscrop & Co a44KtEREDPKCL14TMITS&BEGlStERIDuir
Docuslyn Envelop& ID.. DBCE8D70-EAC7435&874A456E746137AD Christ Church St Albans Notes to the financlal statements For the year ended 31 st December 2024 Staff Costs Total Total 2024 2023 Wage5 and salarie5 Pension CDSt5 12,778 9.511 547 428 13,325 9,939 All staff costs have been allocated to the ordlnary m Inlsrry of Ihe church. Staff cosis In relailon to at)y oiher activities are not considered rnaterial. Key Management Personnel, conslstlng of the PCC members, received total conslderation In the year of nil 12023. £nlll The average number of staff emplayed by the PCC throughout the year Uva5 1 12023 - 1 l. This equates to 0.6 full tlme equlvalent staff12023 0.51. The costs of the vlcar are accounted for In payments of the Parish Share to the DitrcEse of St Albans, wlih the excepilDn of the vlcar'5 expenses whlch are dlsclosed above I n Note 9. No member of staff uvas paid a salary In excess of £60,00012023 - none). 12, Fixed Assets . Tanglble Assets Leasehold land Improvements, and bulldlngs Furnlture and Fitknngs Other equlpmont Total Asset C05t Balance brought fotward Addltions 689.113 75,289 74,133 3.710 838.535 3,710 DIsp05a15 Balance carried forward 689,113 75,289 77.843 842,245 Accumulatsd depreclatlon Balance brought forward Charge for the year Dlsposals Balance carrled foNard 1167,722) 113,782) 162,9881 (1,5201 {63,9551 1294,6651 {2,6731 117,9761 1181,8811 164, 508) 166,62gi 1312,6411 Net Book Value Brought Fotward 521,392 12,301 10,178 543,870 Carrled fonNard 507,609 10,781 11,214 529,605 13. Debtors T¢)tal 2024 Total 2025 Debtor5 and prepayments Glft ald owed by HMRC Total 21,924 37,640 6.425 76,014 59.564 22,439 Page15of20 Griffin Stone Moscrop & Co c14tEDAcl[IN&TrEG15TERDAlnT
Docuslgn Envelope ID,- DBCEGD7EAc743SB.874A4s6E748l57AO Christ Church St Albans Notes to the financial statements For the year ended 31 st December 2024 14. Cash at ban1< and In hand Total 2024 Total 2023 The CBF Church of England Deposlt Fund Bank accounts and cash 121,054 73,884 200,890 9.080 Total 194,938 209,970 15, Creditors. amounts falling due within one year Total 2024 2023 Amounts due wlthln one year. Creditors and accruals 9,234 7, 126 Total 9,234 7, 126 16. Creditor5: amounts falling due in greater than one year Total 2024 rotal 2023 Amount5 due In more than one yepr. Interest free loans 15.000 15,000 Page16of20 Grfffin Stone Moscrop &Co CHTp£coUNTA4lfj$TmFDAUDm
Do¢u$ign Envelope ID.. DBCE8D70-EAC7-435B-874A456E746137AO Christ Church St Albans Notes to the financial statements For the year ended 31 sl December 2024 18. Statement of funds Brought Forward Transfers &xpendlture belween funds Carrled Fonvard Income DesJ9natedlunds Maintenance fund i 0,000 21,163 46,000 77,163 10,000 21,163 40,000 71,163 8equest fund Bulldlng fund Idesignatedl 16,0001 16,0001 Generalfund General 136,998 173,902 1169,777) 141,123 Total Unrestrlcted fiAnds 214,161 173,902 1175,777) 118,8401 212,286 Restrictedfund5 Bulld ing fund Capital depreclation fund Hardshlp fund Missionary fund Council grant f und 17,473 534,262 2,269 i 0,000 27,473 518,770 1,344 115,492) 1975) 50 990 ,265 11,315 12,2551 118,7221 554,994 547.587 Total of funds 769.155 185.217 1194.4991 75J.872 Maintenance fund - The PCC reserves polity contirtues to be to have £1 0,000 in a maintenance fund at any tiwe as a contingency for ernergency maintenance Hardshlp fund Money donated by the congregation to help anyone struggllng in thls perlod of rlslng c05t of Ilving. Bequest fund Accumulation of legacles Building Fund Idesignatedl- The PCC agreed to maintain a designated building fund to fund any future work as part of the 'Building together project The Building fund Ire5trictedl contains monies set aside for the 'Building Together Project whlch 55 on. golng. The Capltal Depreclatlon fund was establlshed to allow the cost of all asset5 purchased as part of the 'Building Together, project to be spread over rheir useful econom ic lives, separately from the Building fund. All asset5 that were hlstorlcally depreclated to the General fund wlll conElnLJe to do 50. The balance of the capltal depréclatlon fund matches thè NBV of bullding fund asset5. The Hardship fund is monles recelved to glve to members of the comm unlty In hardshlp. The Missionary fund shows mtsnles received which are passed on to speclfic nomlnated M1s51on based charities. The Council grant fund Is monles from Trusts and grant maklng bodles that are recelved for speclflc purposes. These grants are only spent for the purposes for which they were given. Page17of20 Grtffin Stone Moscrop & CD CHA{[lED*(CovwAIP45TEREAuDRS
Docuslgn Envelope ID,. DBCE6D70-EAC7-435B-674A456E746137AO Christ Church St Albans Notes to the financlal statements For the year ended 3 1 st Decern ber 2024 19. Summary of funds Brought FoNard Tran5fer5 between fund5 Carried Forward Income Expendlture Deslgnatedfunds GeneIlund 77,163 136,998 214,161 16.0001 1169,7771 1175.7771 71.163 141,123 212.286 173,902 173.902 Restrtctedlunds 5 54,994 11,315 118,7221 547,587 769,155 165,217 1194,4991 759,872 20. Analysls of nel assets between funds Unrestricted Unrestricted General Deslgnated Re5trlcted Total 2024 Total 2023 Fixed assets Current Assets Credltors and accrual% 10,835 152,608 122,3211 141.123 537,fj10 11,891 (1,9141 547,587 529,605 2 54,502 124,2 34) 759.872 543,870 232,410 17,1261 769,155 71,163 71,163 21, Related Pariles transactlons No member5 of the PCC were reimbursed any expenses incurred a5 mem bers of the PCC during 2024. No member5 were remunerated in the year in their role as trustees12023 the same). Individuals who were rn embers of the PCC during the year and therefore trustee5 of the charity made donations without conditions to the church totalling £35,3 75 12023 - £32,755). Page18of20 Griffin Stone Moscrop & Co CFMTBEDXCoLMsRtsyEpEDuLrf1
Docusign Envelope ID.. DBCE6D70-EAG7435B474A456E746137AO Christ Church St Albans Notes to the financial statements For the year ended 31 st December 2024 22. Prlor year Staiement of Flnanclal Actlvltles Note Unrestrlcted funds Re5trlcted funds Total funds 2023 Income and Endowments from.. Donatlons and legacies Fundraislng Income Investments 141,986 2,863 144,848 565 565 Charltable Actlvltles 24,305 24,305 Totsl Income and endowments 166,855 2,863 169,717 Expendliure on.. Charltable actlvities expenses 6-10 160,899 18,817 179,715 Total expenditure 160.899 18,817 179.715 Net Incomel(expenditurel 5,956 (15.9541 (9,998) Total fund5 brought forward 208.205 570.948 779.153 Total funds carrled fonvard 214.161 554.994 769,155 Page19of20 Griffin Stone Moscrop & Co cA4ft1.>t0lNrptSRÈGTEEDAur0s
Docuslgn Envelope ID- DBCE6D71bEAC7.435B.874A.456S146137AO Christ Church St Albans Independent examiner report For the year ended 31 st Decern ber 2024 Independent Examiner'5 Report to the Parochial Church Council of the Parlsh of Christ Church, St Albans I report on the financlal slalements of the church for the year ended 3111 December 2024. Thls report Is made solely to the charlry's Trustees, as a body. In accordance wlth 5ettlon 145 of the Charltles Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I mlght Stale to the charity'5 Trustees those matters l am required to state to them in an Independent examSner's repori and for no other purpose. To the fullest extent permltted by law, I do not accept or 455ume responsibllity to artyone other than the charlty and the charlty's Trustees as a body, for my work or for this report. Re5ponsibilitles and basis of report As the charlly'5 trustees you are responslble for the preparation of the accounts In accordance wlth the requirements of the Charlties Act 2011 I'the Act'l. I report in respect of my examination of the charity's account5 carried out under Section 145 of the Act and In carrying out my examlnatlon I have followed all the appllcable Dlrectlons glven by the Charitycommission under sectlon 1451511bl of the Act. Independent examlner's statement Your attentlon Is to drauvn ro rhe fatt that the charlry has prepared the accounti In accordance wlrh Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charltles preparing their accounts in accordance vvith the Financial Reporting Standards applicable in the UK and Republlc of Iroland IFRS 1021 in preference to the Accounting and Rèportlng by Charltles.. Statement of Recom mended Practice issued on I st April 2005 whlch Is referred to In the extant regularlons but has been withdrawn. We undersrand that thls has been done In order for the accounts to provlde atrue and falr vlew In accordance with the Generally Accepted Accounting Practice effective for reporting perlods beglnnlng on or after I st January 2015. I have completed my examlnatlon. I conflrm that no materlal matters have come to my attention in connecrlon wlth the èxamlnatlon glvlng me cause to belleve that in any materlal respect.. accounting records were not kept in respect of the charlty as requlred by settlon 130 of thè Act,, or the aicounts do not accord with those records. I have no concerns and have come across no other matters In connectlon wllh the examination to which attention should be drawn In thls report In order to enable a proper under5tandlng of the accounts to be reached. Robèrt Smlth, FCA GRIFFIN STONE MOSCROP & CO CHARTERED ACCOUNTANTS 21-27 Lamb's Conduit Street London WCI N 3GS Date... Page 20 of 20 Grlffin Stone Moscrop & Co (MAR.REoNTANT5I.STEREDXT(5