Charity number: 1133033 SIGNING copy ST PETER'S EATON SQUARE PCC UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GSM&Co CJfjPiin Sronp Mo£crr)p 8 C 100 YEARS
Docusign Envelope ID.. F513F057-AODO-4C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC CONTENTS Page Reference and admlnistrative datalls of tha Charlty, Its Trustees and advisers Trust88'8 r8POrt Independent examinar's raport Statement of financial actlvltles 10-11 12 Balance sheet 13 statement of cash flow3 14 Notes to the financial statem8nts 15-32 Grlffln Stone Moscrop & Co CHAfftyIEDIttOiftr&FEqsTPUD[[0R&
Docuslgn Envelope ID., F513F057-AODO.4C8F-80D7-1BC3A2A65466 ST PETER'S EATON SQUARE PCC REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Refer to Trustees, Report below Charity registered number 1133033 Principal offic8 st Peteffs Church 119 Eaton Square London SW1W 9AL Accountants Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1 N 3GS Bankers The Co-Op8rative Bank 1 Balloon Street Manchester M60 4EP Investment Custodlan The Share Centre Limited Oxford Hous8 Oxford Road Aylesbury Buckinghamshir8 HP218SZ Pag@ 1 Grlffin Stone Moscrop & Co
Docusign Envelope ID.. F613F057-AODO-4C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees pr8sent their annual report together with the financial stal8ment6 of the Charity for the year 1 January 2024 to 31 Decembér 2024. Obj8Ctives and actlvltles a. PCC Members Members of the PCC are either ex-officio, elected by the Annual Parochial Church Meeting (APCM) or co-opted by the PCC in accordance wtth Ihe Church Representation Rules. Th&ra were no co-options during 2024. During the year Ihe following served as memb8rs of the PCC.. Incumbent The Rev'd Jonathan Kester Associate Priest (SSM) The Rev'd Jacqui Miller Churchwardens Mr Richard Cart6r (until APCM 20241 Ms Samantha Singlehurst Ms Ekanem Peers (from APCM 2024) Ex1ClO Mr Richard Carter. Mr Jim Glen. MS Samantha Singl8hurst # Mr John Hilary (from 1 July 20231 Ms Ekanem Peers (from 1 July 2023> # Dr Judith Richardson'+ Miss Valerie Smith (until 30 June) (# Churchwarden, ' Deanery Synod, + Diocesan Synod) Elected M8mb8rs Ms Sarah Armstrong (until APCM 2024) Ms Samantha Atkins (until APCM 2024) Ms Maite Boudy Mrs Deborah Chapman (until APCM 2024) Mr Stephen Coutlie (from APCM 2024) Mr ma Dowsett (until APCM 2Q24) Mrs Mary Drummond Mr Robin Dutlson Mrs Jan8 Franses Mr Oliver Grant {from APCM 2024) Mr John Hilary {until APCM 20241 Dr Julia Jordan Mr Michael Johnston {until APCM 2024} Ms Raana Khatabakhsh (from APCM 2024) Mr Lee Marshall Dr Nicholas Moore (from APCM 2024} Mrs Evelyn Qlugboja Ms Ekan8m Pe8rs (until APCM 2024) Prof. Alexandra Porter Ms Valerie Smith Mr James Watson (from APCM 20241 Mrs Nancy Wood Page 2 Grlffln Stone Moscrop & Co CFW1RT&0Cc0uM5&RE&5TEREDIT0
Docusign Envelope ID., F513FD57-AODNC8F-80D7-18C3A2A564e8 ST PETER'S EATON SQUARE PCC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ObJ6ctives and activitios (continu8dl b. Public Benefit The PCC Maintains and operates the church complex, providing a venue not only for its primary purpose of worship but also community events, youth activities, public hire and charitable fundraising. When planning our activities for the year, the PCC has con8idered the Charity Commission's guidanc8 on public benefit and, in particular, the specific guidance on charities for the advanc6menl of r81igion. The council has complied with the duty under section 5 ofthe Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults). Achiev8ments and performance a. Revi8w of aGtivities The PCC has thg responsibility of co-operating wilh the Incumbent, in promoting in the ecclesiastical parish the who18 mission of Ihe Church., pastoral, evangelistic, social and ecumenical. It also has the maintenance r8sponsibilities for the church complex at st. Pet8rfs. Actlvity in 2024 2024 saw Fr Jonathan Kester's second full year 8$ incumbent of the parish. The rol8 of Priest Missioner was discontinued as part of a reimagining of ministry within the parish to r8vert to the traditional role of Assistant Priest. The post was nationally advertised in Novemb8r 2024 and an appointment made following int8rviews on 06 December, with an announcement al Epiphany 2025. Fr Jcnathan made the conscious decision to keep the role vacant for at least a year whilst major expenditure was needed on the new fir8 alarm and detection system, emerg8ncy lighting and compartmenlation throughout th8 building to comply wilh current ststutory legislation. It was, however, acknowledged Ihat keeping this post temporarily in abeyance had led to an inevitable contraction in ministry, We continue to be thankful for the ministry of the Rev'd Jacqui Miller, our SSM Associat8 Priest and during the week to Fr Herbert Bennett (who setves on Sundays as Associate Vicar SSM at st Thomas a Beckett, Lewesl. The church has continued to increase attendances at both main Sunday morning seNices, though not yet to a level malching those before Ihe pandemic. It was also acknowledged that changes in school admissions, both following the Ofsted of 2022 and the fact that 25% of primary school places are unfilled throughout Westminster meant that the Family Eucharist would not return to the size of earlier y&ars. This has meant a change in dynamic in the $8rvice in which everyong is present because Ihey wish lo be there, rathpr than simply for school 8dmi8sions' purposes. Colin Chadwick began in the new role of Verger and Facilities Coordinator in January 2024 and, during his time with us, we have seen a hugely positive transformation in the way in which the complex site at st Peterfs is managed. In November 2024 Carlos Remotli-Breton joined us as ordinandlseminarian as he continues his formation for ordination at st Augustine's College. Richard Carter came to the end of six years as Churchwarden and we thanked him most sincer81y for all he has done. At the Patronal Festival he was presented wrfch an icon in recognition of his service. We wish him every blessing as he takes up the role of Lay Chair of the Westminster St Margaret Deanery Synod whilst continuing to be a m8mber af St Peter's. We welcomed Ekanem P86rs as the newly appointed Churchwarden alongside Sammie Singlehurst. Page 3 Griffin Stone Moscrop & Co c11[EDcoVWAtS®TEÈDAD1rOKS
Docusign Envelope ID.. F513F057AOD(k4C8F.80D7-IBC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and performance (contlnued) b. Revl8w of actlvlties (contlnuad) The PCC mel 7 times, including one awayday to r8fine our vision for the Building Development and Restoration Project as part of our wider Mission Action Plan for 2025-30 which was finalized and confirmed in the autumn. The Standing Committee met 4 times. Other commit186s and group8 met as required. The APCM was held on Thursday 23 May 2024. Service attendances continu8d to improve modestly through th& year. This was noticeable first in relation to the Choral Eucharist, and as Ihe year wore on was increasingly visible in the Family Eucharisl. As at the end of December 2024 there were 328 p80ple on the Electoral Roll. The average Sunday attenclance during 2024 was 122 (120 in 20231 in p8rson. Online views (only possib18 for the Choral Eucharist} were not infrequently al or above 50,. it is not possible lo establish definitively what number of individuals generated these views. There were 4 baptisms117 in 2023), O marriag&s and 1 blessings (3 in 20231, and 7 funeral services (6 in 2Q23). Attendan at Easter seNices was 202 (192 in 2D23) and at Christmas was 227 (199 in 2023). The Patronal Festival was celebrat8d with a Chor81 Eucharist on the eve of St Peler's Day when th8 preacher wa8 the Very Revd Nick Papadopulos, Dean of Salisbury and a former Vicar of St Peter's. On th8 Sunday morning there was Ihe usual combined Parish Eucharist at 10.30 am followed by a buffet lunch. The annual seNice of Confirmation was held on the Festival of Penteccst by the Rt Revd Rob Wickh8m, Assistant Bishop in London (and fOner Bishop of Edmonton) who now serves as CEO of the Church Urban Fund. St Peter's School Th8 headleacher, Jane Carrington, conlinu8S to lead improvements at the school together with her Senior Leadership Team (Talje8t Sidhu-Pepp6r- Deputy Head and J8nna Fo18y - Inclusion LearJlSENDCOI. At the beginning of the new school year in 2024, Jim Glen was r&81ected as Chair and Fr Jonathan as Vice-chair of Govemors. AS noted in last two years, reports, the school was inspected by Ofsl&d in November 2022. The inspection team acknowledg8d the hard work pul in so far, awarding 'good' grades for the school standards of 'leadership and management,, the 'early years provision,, 'behaviour and attitudes., and 'personal developmeny. Mrs Carrington and her team have continued to make significant improvements and this was clearly evidènt in the SATS outcomes from the summer cf 2024 which in turn had grown from the SATS r8sulis of summer 2023. No school can be defined by a single judgement, the full Ofsted report continues to capture many of our school's str8ngths, including a love of music and singing, the positive attitudes of pupils and Dur happy, safe and inclusive ethos. The school's values of kindness and respect shone through in the report. The school will of course continu& to strive for excellence and will work closely with the Local Aulhorty and th8 London Diocesan Board for Schools, both of which fully support the school's leadership and their ambitious high standards. Fr Jonathan is Gontinuing to build and nurture the traditionalty strong and collaborative relationship beeen the Church and School. The School is expecting its next SIAMS (Statutory Inspection of Anglican and Methodist Schools) in the academic year 2D25.8 under a new framework. Fr Jonathan, Mrs Carrington and a small team having been working to develop and embed the school's Vision and Values which tak8 inspiration from the Biblical Parable of th8 Good Samaritan. A committee was drawn up Df parents, staff and governors lo take forward the possibility of an extension to the very small and limited natur8 of the existing playground and has be8n working closely on this with the Local Authority, Grosvenor Estate and the London Diocesan Board for Schools. The initial plans for an extension of the playground onto the pavement outside and redevelop the road have not ¢Dme to fruition, but there are plans in discussion with the Grosvenor Estate lo redevelop part of the ground floor of the site to provide increas8d flexible indoorloutdoor space. Page 4 Giiffin Stone Moscrop & Co cHAKrDt0U®5fEDAUDMF3
Docuslgn Envelop6 ID.. F513F057-AaDO-4C8F4OD7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and parformanca Icontinued) Other schools In the parish Fr Jonathan is a regular visit to the oth8r schools within the Parish Boundaries - Westminster City School and Eaton House School and regularly conducts assemblies for them and also supports the chaplaincy at the Grey Coat Hospital School, Both Westminster City aiid Eaton House us8 St Peler's Church Building for Services and concerts throughout the yèar. Other parish groups The Book group continuas strong and meets regularly. As part cf the preparation of the Mi88ion Action Plan (MAP) for 2025-30, plans w8r8 Put into place for new Men's, Women's and LGBTQl+ and allies groups. Altar Gulld and Servers Our team of altar servers continued at the Choral Eucharist and several n8w servers join8d the team at the Family Eucharist. The care of the altar, its linen and th8 things in the Sacristy continued under the watchful eye of Judith Richardson. Music We continued to enjoy a high standard of rnusic at the Choral Eucharist under the direction of Andrew-John Smith, accompani8d on many occasions by Dan Moult in his role as Assislant. Director of Music (Choral Eucharist). At the Family Eucharist Andrew Sackett continued as As8iStant Director of Music {Family Eucharist) with Ihe family choir under the direction of Fiona Hymns. Buildings and maintenance Wor* continued lo be monitored by Vitruvius Building Conservation to stabilize the portico, including netting to tower and internal scaffolding within the tower pending the major restoration proj8Ct. The process of replacing Ihe fire alarm and detection syst8m, statutory emergency lighting and signage and compartmentalion began throughout the building by Green Tree Safety Ltd. The complex nature of our site und9r both Faculty Jurisdiction through the ecclesiastical exemption and Local Authority Listed Building Consent made the process of obtaining the necessary permissions compl8X to navigate. st Pet8r's continu8d to be part of a consortium of churches in Weslminster aiming for N6t Zero and received an initial free energy audit, The consortium now has a website.. https:/lweslminsler-net-zero forum.my,canva.sitelhome. Part of the building works which will accompany the Tower and Portico projact will have an environment818nd carbon-neutral focus. Michaelmas Falr After a successful Michaelmas Fair in 2023 which raised £11,049 {net of exp8nses.' £9,288) it was decided by th8 PCC th81 the next Fair would be in late May or early June 2026. returning lo a more traditional date for il at si Peter's. This will need careful planning and a new Chair. Summary of Westmlnster (St Margaret's) Deanory Synod business for 2024 The Deanery Synod held only one busin8ss meeting in 2024, on 24 May, the other occasion of its coming together having been the Garden Paty held on Wednesday 19th June. On 24 May, the meeting was held at st Mary's Bourne St., in his opening remaths, Fr Andrew Walker welcomed synod members to St Mary's, and gave a brief account of the recent capital work (the 'Pineapple Project,), offering to talk to clergy who might be planning similar projects in Ihe near futur8. In the absence of Fr John Pearson-Hicks, the chair of the educaticn committee, th& Area Dean, Fr Philip Chester, gave the education committee report which outlined the particular challenges facing all our deanery schools as a result of the demographic shifts taking place in central London. The growing partnerships betW88n schools were wot1(ing well. Robert Zampetti (St Paul, Covent Garden), then introduced a motion, the18Xt ofwhich follows. In his remarf(s he Page 5 Griffln Stone Moscrop & Co a.LIT.R1ccoUWAfffi&GlS1ERrr
Docu81gn Envelope ID.. FfJ13F057-AODO-4C8F-80D7-IBC3A2A55488 ST PETER'S EATON SQUARE PCC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achi8vements and perfonnanc6 Icontlnued) characterised the motion as a technocratic way of restoring a better balance between central funding pots and the funds flowing to dioceses for th6 8UPPQrt of clergy stipends, Over the long term, il was expècted that this would enable larger numbers of full-time stipendiary clergy to b9 employed, increasing the potential for growth al parish lev81. He then proposed the motion, which was seconded by Alison Catlermole (Sl Paul, Covent Garden). Motion.. That this Synod,. (i) call upon the Church Commissioners and Archbishops Council fo undertake everything necessary to effgct a redistribution of financial resources directly to Dioc8san Stipend Funds to reflect the value of contributions made by Diocesan Boards of Finance to the Church of England Funded Pension Scheme since it was established by the settlement of 19971£2.6 billion) {ii) call upon Diocesan Boards of Finance to manage the funds redistributed as a result of the above to support parlsh ministry in the ways discemed locally to be most effectiv8 in enabling growth and sustainin9 the Church of England's commitment to be a Christian pr8s&nGe in 8very community. In favour: 35 Against.. 1 Abstentions: 2 The Area Dean then welcomed and introduced the new Archdeacon of Charing Cross, the Ven Katharine H8dderly. She introduced herself and her role. saying how delighted she was to be taking up the post, and how much she was looking forward to working wth churches across the episcopal area., she then tslked about how sh& expected the work cf the archdeacons ID be taken forward. The Garden Party was held in the Master's Garden at the Temple on 19 June 2024,. proceedings began at 6pm with Choral Evensong at the Temple Church, and the Garden Party itse5f took place between 7 and 9pm. On this occasion the garden p8ty was shared with the City Deanery, as has happened in some previous years, In the summer Fr Philip Chester stood down as Ar8a Dean, a post he held since 2005, and parishes were invited to contribute to a gift in appreciation of his Servi. Report from the Dioc8se of London for 2024 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 communily, supporting the vision for every Londoner to encount6r 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 7.5Q/o 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 p80ple weekly and funding was granted to &nabl8 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 confidenc8 in the safeguarding service, 789 people were given safeguarding leadership training, and 3,808 DBS checks were carried out. Churches across the Diocese engag8d with Race Equality Week, Racial Justic8 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 th8 Diocese. Olwer Home- Gen8ral Secretary Page 6 Grlffln Stone Moscrop & Co ARTEc0uNlN&E5TEREDT(Its
Do¢usign Envelope ID.. F513F057-AOD04C8F.BDD7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance {continu8d) Financial revlew a. Golng concern After making appropriat8 enquiries, the Trustees hava a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. b. Reserv88 policy At 31 D8cember 2024, net unrestricted funds stood at £295,878 (compared with £219,945 at year end 2023). These reserves are needed to cover the essential costs of management and administration without which the church Uld not function. Our res8rves policy dictates that we should maintain unrestricted funds equivalent to minimum of three months and 8 maximum of six months of exp8nditure, with a preference for a position at the higher and of that range. Restricted funds held at y&ar end were £51,045 {£26,365 at y8ar end 2023). c. Mat8rial investm8nts pollcy The portfolio of quoted securities was principally held by The Share Centre Ltd in Blackrock Charitrak Common Inv Fund A Ilnc) units, which aim to track th& SE All Share index. The LDF M&G Charifund investment is held by the Diocese of London and we cannot access Ihe capital, only the int8rest. This holding represents the proceeds from a historic leas8 on the Christchurch Westminster burial ground. d. Principal rlsks and uncertainties The members have identified and regularly review th8 major risks which impact the work of the Church in the parish and Ihey have established systems and insurances to mitigate any si9nrficant risks arising. The Church already has a child protection policy in place. There are controls over all its financial procedures, including the handling of cash and the approval of expenses. e. Financlal Review The finances of St Péler's remained strong during 2024, despit8 challenges posed by increased expendituré on certain budget lin8s. Tolal income was £582,603 (comparéd with £549,996 in 2023). Revenue from our subsidiary trading company, which charges fees for car parking in the church grounds, was sustained at the high level we have seen over previous years, while room rentals register8d a continuad successful increase on 2023, Together with our crypt tenancies, our congregalional giving and our regular grant income, these revenue streams @nsure thal St Peter's continues to enjoy a robust financial base on which to plan for the future. While our tolal income remained high, expendilure register8d increases across several budget lines during 2024 although this is being carefully monitored. In particular, St Peter's was required to undertake essential r8pair and stabilisation works on the bell tOW6r and portico at the west end of Ihe church, including the installation of nettlng to guard against falling masonry while we prepare for the larger development programrre envisaged as part of our renewed vision for the church building. D&spile thi5, close management of olher costs ensured that our overall expendilure for the year was £491,S831£527,505 in 2023). With the above financial aclivilies, St Peter's posted a net surplus of £100,327 in 20241£28,084 surplus in 2023). Net current assets 8t the end of the year taking into account debls, cash at bank and in hand, and creditors amounted to £158,515 (£67,595 at year end 2023>. Page 7 Griffln Stone Moscrop & Co (HIRTEDCCWTAN1rtIGysIEpED[TCys
Docusign Envelope ID,. F513FD57AOD(HC8F.80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 structure, govarnance and management a. Constitutlon st P6ler's Eaton Square PCC is a registerad charity, number 1133033. The PCC is gaverned by two pieces of Church of England legislation.. the Parochial Church Councils (Powers) Measure 1958 as amended, and the Church Repres6ntalion Rules (contained in Schedul8 3 to the Synodical Government Measure 1989 as amend8d. b. Methods of appointment or electlon of Trustees The management of the Charity is the responsibility of the Truste8s who are elected and cf>opted. Members of th8 PCC are either ex-officio, elected by the Annual Parochial Church Meeting or co-opted by the PCC in accordance with the Church Repr8S8ntation Rule5. There were no co-options during 2024. c. Organisational structure and d8Ci8ion-making policies The PCC operates through a number of commitl88s and working groups which meet between full meetings of the PCC, all report back to the full PCC. These were as follows: PCC Standing Committee.. (to which the PCC d81egates d8cision making in-between meetings of the PCC).. Chair- The Vicar The Formation and Transformatlon Commlttees., were reconstituted as part cf the n8w Mission Action Plan for 2025.30 from the former Worship and Formation and Transfomiationloutreach Committees pending their restarting in 2025. Resources Commlttee., Chair: Richard Carter CommunlGations Group.. Convenor,, Valerie Smith Plans for future perlods Th8 church's finances faced significant items of expenditure during 2024 as w8 updatad our fire alami and associated safety systems, but we continued to monitor expenditure prudently in a more planned strategy for ongoing maintenance. We will also need lo meel th8 preliminary costs of our proposed programme of development lo embody our new vision for the Ghurch as it moves towards the bicenl8nary of its original consecration in 1827, even though this larger programme will require it$ own fundraising campaign, As a result, the budgeting process will remain importanl as an active management tool to plan and prioritise expenditure according to projected income, revised as necessary Ihroughout the year. Page 8 Griffin Stone Moscrop & Co cH&RTEPEDc1TrThN£IEGISIEDAlUTc15
Docusign Envelope ID.. F513F057-AODO-4C8F4OD7-IBC3A2A55466 ST PETER'S EATON SQUARE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Stat8ment of Trustee's responslbiliti•s The Trustees are responslble for preparing the Trustée's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accept8d Accounting Practice), The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditur8, for that period, In preparing these financial statements, the Trustees are required to.. select sultable accounting policies and then apply th8m conslstently. obse8 the methods and principles ofthe Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent; State whether applicable UK Aexounting Stsndards IFRS 1021 have been followed, subject to any material departures clisclosed and explained in the financial statements,, prepare the financial statements on the going Concern basis unless it Is Inappropriate to presuma that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that ar8 sufficient lo show and explain the Charitls transactions 8nd disclose with reasonable accuracy at any time the financial posilion of the Charity and enabl& Ihern to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Parochial Church Councils (Powers) Measure 1958 as amend6d. They are also responsible for saf8guarding the assets of the Charity and hence for taking reasonable steps for the prevention and d8teclion of fraud and ether irregularities. Approved by order of the members of the bDard of Trust88s on 24 April 2025 and signed on their behalf by= Rev Jonathan K8Ster Vicar Samantha Singlahurst and Ekanem Peers Churchwardens and Trustees Page 9 Grlffln Stone Moscrop & Co .WfflERwc0u[1[SKErlsrERWILvir
Docuslgn Envelope ID.. F513F057dQD04C8F4OD7-1BC3A2A5S466 ST PETER'S EATON SQUARE PCC INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent 8xaminer's report to the Truste•$ of St Pater's Eaton Square PCC {Yhe Charlty,) report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responslbilitios and basis of report As the Trustees of the Charity you 8re responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the 2Q11 Act'i. I report in respect of my examination of the Charity's accounts carried out under $8Ction 145 ofthe 2011 Act and in carrying out my examination I have followed the applicable Diréctions given by the Charity Commission under 88Ction 145(5)(b) of the 2011 Act. Page 10 Griffin Stone Moscrop & Co CHARTEhEDACcthNfpM5&RI'EREDut4TQRs
Docu8ign Envelope ID.. F513F057-AOD04G8F40D7-1 BC3A2A55466 ST PETER'S EATON SQUARE PCC INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examinerfs statement Since the Charity's gross income exceeded £250,QOO your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a memb@r of ICAEW, which is one ofthe listed bodies. Your attention is drawn to the fact that the Charity has prepared the account8 in accordance with Accounting and Reporting by Ch8rities.' Statem8nt of R8commended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the 8Xtant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with th8 Gen8rallyAccepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015, I have complet8d my examination. I confirm that no matters have come to my attention in connection with the examination g1ving me caus8 to believa that in any material respect.. accounting records were not kept in resp8Ct of the Charity as required by section 130 cf the 2011 Acl. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 oth8r Ihan any requirement that the accounts give a 'true and fairt Vi8w which is nol a matter considered as part of an independent examination. I have no concerns and have come across no olher matters in connection with the examinalion lo which attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached, This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Régulations 2008. My work has been undèrtaken so that I might state to the Charitls Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent penmilted by law, I do not acpt or assume responsibility to anyone othar than the Charily and the Charity's Trustee as a body, for my work or for this report. sign.. Robert Smith Dat8d: 16 May 2025 FCA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit streat London WC1N 3GS Page11 Griffin Stone Moscrop & Co CHARTFREDI(cOUNTANItS&REaÉDDRs
Docuslgn Envelope ID-. F513F057-AOD04C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Endowment funds 2024 Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 To181 funds 2023 Noto Income and endowments from: Donations and legacies Other trading activities Investments other income 34,535 254,779 283.860 9,409 20 289,314 283,880 9,409 20 288,442 251,624 9,930 Total income and endowments 34,535 548,068 582,603 549, 996 Expenditure on: Charitable activities 28,784 462,899 491,683 527,505 Total oxpenditure 28,784 462,899 491,683 527,505 Net Income Transfers b8twean funds Net movement in funds before other recognised galn81{losses) Gains on revaluation of fixed assets 5,751 85,169 90,920 22,491 17 18,643 (18,643) 24,394 66,526 90,920 22,491 9,407 9,407 5,593 Net movement in funds 24,394 75,933 100,327 28,084 Reconciliatlon of funds: Total funds brought forward Net movement in funds 40,463 26,651 24,394 219,945 75,933 287,059 100,327 258,975 28, 084 Total funds carried foNard 40,463 61,045 295,878 387,386 287, 059 The Statement of financial activiti&s includes all gains and10s$8s recognised in the year. The notes on pag8s 15 to 32 form part of these financial statements. Page 12 Griffin Stone Moscrop & Co CHWifDOuwA&EcIsTEREDJDrro
Docusign Envelopè ID.. F513F057-AODO-4C8F-8OD7-1 BC3A2A55486 ST PETER'S EATON SQUARE PCC BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assots Investments 13 228,871 219,464 228,871 219,464 Current assets Debtors Cash at bank and in hand 14 109,146 211,011 108,059 116,925 320,157 224, 984 Creditors.. amounts falling due within one year 15 (161,642) (157, 389) Net current assets 158,615 67,595 Total assets less current liabilltles 387,386 287,059 Total nel assets 387,386 287.059 Charfty funds Endowm8nt funds Restricted funds Unrestricted funds 17 17 17 40,463 51,045 295,878 40,463 26,65? 219,945 Total funds 387,386 287,059 The financlal stat6menls were approved and authorised for issue by the Trustees on 24 April 2025 and signed on their behalf by.. John Hilary Treasurer The notes on pages 15 to 32 fom part of these financial stalsments. Page 13 Grlffin Stone Moscrop & Co CHTETrAC[NTANTSBR.GIEREDAllJT
Docuslgn Envelope ID,, F513F057-AODO-4C8F-8OD7-1BC3A2A55456 ST PETER'S EATON SQUARE PCC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operatlng activltles Net cash used in operating activities 84,677 (11, 798) Cash flows from Investing actEVitle8 Dividends, interests and rents from investments 9,409 9, 930 Net cash provlded by Investlng activities 9,409 9,930 Cash flows from flnanclng activities Net cash provlded by financing activities Change in cash and cash equlvalent8 in the year Cash and cash equivalents at the beginning of the year 94,086 118,925 (1,868) 118, 793 Cash and cash equivalents at the end of the yoar 211,011 116,925 The notes on pages 15 to 32 form part of these financial statements Page 14 Grlffin Stone Moscrop & Co CHATEREDCOuIf#N&EG5tE{EDllD[r0
Docu81gn Envelope ID". F513F057-AOD(>4C8F-80D7-1BC3A2A554e6 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Informatlon The church is a registered charity in England and Wales. Its principal ¢orrespond8nce address is St Peter's Church, 119 Eaton Square, London, SW1W 9AL. Thè natur8 of the charitls operations and principal activities are set out in the members, report. Accountlng pollcles 2.1 Basis of preparatlon of financlal 8tstements The financial statements have b88n prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities., Statement Df Recommended Practice applicable to charit18S preparing th8ir acccunls in accordanc8 Wlth th8 Financial Reporting Stsndard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. the Financial Reporting Standard applicable in th8 UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Th8 financial statements hav8 been pr8pared to give a 'true and fairf view and have departed from the Chaiities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'trua and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities. Stst8ment of Recommended Practice effective from 1 April 2005 which has since baen withdrawn. st Peterfs Eaton Square PCC meats the definition of a public b8nefit entity under FRS 102, Assets and liabilities ar8 Initially recognised at historical cost or transaction value unless olheN4ise Stated in the relevant accounting policy. 2.2 Incorne All income is recognised onc8 the Charity has entitlement to th8 income, it is probable that the income will be received and the amount of inwme receivable can be measured reliably. Grants are included in the Stat8ment of financial activities on a rec8ivable basis. The balance of income received for specific purposes but nol expended during th8 period is shown in the rel&vant funds on th8 Balance sheet. Where income is r6ceived in advance of entitlement of receipt, it3 recognition is deferred and included in creditors a3 deferred income. Where entitlement occurs before income is received, the income is accrued, Incom@ tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page15 Grlffln Stone Moscrop & Co 4AkTEREDACCthNT14NTS&TrEG15TERTr ALDITQ
Docusign Envelope ID., F513FD57-ADD04C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies Icontlnued) 2.3 Expendlture Expendilure is recognised once Éh8r8 is a legal or constructive obligation to transfer economic benefit to a third party, it 18 probable that a transfer of economic benefits will be required in sett18ment and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared c081s. including support costs Involved in undertaking each activity. Direct costs attribufable to a single activity are alloGat8d directly to that activity. Shared costs which conlribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resourGe8. Central staff costs are allocat8d on th8 basis cf time spent, and depr6ciation charges allocated on the portion ofthe ass6t'8 use. Expenditure on charitable adivities is inCued on direclly undertaking the activities which furthar the Charity's objectives, as well as any associated support costs. Grants payabSe are charged in the year when the offer is made except in those cases where the offer is conditional, such grdnts being recognis8d a8 expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as commilment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.4 Investments Fixed asset investm8nts are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sh88t date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combin8d and presented as 'Gainsl(Loss85) on investments, in th8 Statement of financial activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.5 Debtors Trade and other debtors ar8 recognised at the settlement amount after any trade discount offered. Prepaym8nt8 are valued at Ihe amount prepaid net of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highty liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposil or similar account. Page 16 Grlffln Stone Moscrop & Co CHIRTEIEOACCOwffi®TEREDAWTc5
Docu81gn Envelopa ID.. F513F057-AOD04C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (contlnued) 2.7 Llablllties and provisions Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Li8bilities ar8 recognised at the amount that th8 Charity anticipates it will pay to settl8 the debt or the amount it has received as aévanced paym8nts for the goods or seNices it must provide. Provisions ar6 measured at the best estimate of the amounts required to settle the obligation. Where th8 effect of the time value of mon&y is material, the provision is based on the present value of thos6 amounts, discounted at Ihe pre-tax discount rate that reflects th8 risks specific to the liability. The unwinding of th8 discount is recognised in the Statement of financial activities as a financ8 cost. 2.8 Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify 85 basic financial instruments. Basic financial inslruments are initially recogni88d at transaction value and subsequently measured al their settlament value with the exception of bank loans which are subsequently measured at amortlsed cost using the 8ffective interest method. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designat8d for other pu08&8. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charily for particular purposes. Th8 Costs of raising and adminigt6ring such funds are charged ag8inst the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial statements. Inv8Stment income, gains and Ioss8s are allocaled lo the appropriate fund. Page17 Griffin Stone Moscrop & Co (HARTEPEDAccourit4Mt5IRIGTrTFREDALEAThS
Docuslgn Envelop6 ID,, F513F0S70DO-4cSF-80DF-I3C3A2A5S488 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Donations Gifi Aid donations & planned giving Grft Aid recoverable Distributions from the trading subsidiary St. Andrews Church Hall Tru8t Other collecllons and donations Grants 51,307 10,527 139,811 27,924 25,210 51,307 10,527 139,811 27,924 34,745 25,000 9,535 25,000 Total 2024 34,535 254,779 289,314 R8Stiict8d Unrestricted funds funds 2023 2023 Total funds 2023 Donations Gift Aid donations & planned giving Gift Aid recoverable Distributions from the trading subsidiary St. Andrew's Church Hall Trust other collections and donations Grants 43,227 9, 833 143, 050 26,567 45, 298 14,359 43,227 9,833 143,050 2S,567 49,406 16,359 4,108 2,000 To1812023 6, 108 282,334 288,442 Page 18 Grlffln Stone Moscrop & Co cFl4RTffll*NIs&kEGTTrAufHT9R5
Docu8lgn Envelope ID.. F513F057.AOD04C8F-80D7-1 BC3A2A65466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Income from fundraising èvents Unrestrlcted funds 2024 Total funds 2024 Rental in¢om8 and setvice charges Insurance recharge 271,354 12,506 271,364 12.506 Total 2024 283,860 283,860 Unrestricted funds 2023 Tot81 funds 2023 Renlal Income and service charges Insuran recharge 238,527 13,097 238,527 13.097 Tot812023 257, 624 251, 624 Investment Income Unrestricted funds 2024 Total funds 2024 General fund Repairs fund 8,490 919 8,490 919 9,409 9,409 Page19 Griff in Stone Moscrop & Co
Docuslgn Envelope ID.. F513F057-AQD(HC8F-80D7-IBC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Inv8stmenl income (contlnued UnrBStricfed funds 2023 Total fvnds 2023 General fund Repairs fund 9,607 323 9,607 323 9,930 9,93Q Other Incomlng resources Unrestrlcted funds 2024 Total funds 2024 Tolal funds 2023 Magazines 20 20 Analysis of grants Grants to Institutions 2024 Total funds 2024 Payments to other charities 4,214 4,214 Total 2024 4,214 4,214 Grants to Institutions 2023 Total fvnds 2023 Payments to other charit188 3,087 3,087 Total 2023 3.087 3,087 Page 20 Grlffin Stone Moscrop & Co cH4KtENf.DACC(U4TIV4®T'.DuE1TORS
Doousign Envelope ID.. F513F057-AODO-4C8F-80D7-1 BC3A2A55486 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysls of grants (contlnuodl The Charity has made the following material grants to institutions during the year.. 2024 2023 Name of Institutlon Charities fund Welcom8 box Church Donations 3,412 430 372 3,516 (1,027) 592 4,214 3,087 Analysls of exp8nditure on charltable activities Summary by fund type Restrlctsd Unrestricted funds funds 2024 2024 Total 2024 Charilable activities 28,784 462,899 491,683 Total 2024 28.784 462,899 491,883 R6Stricted UnTrstf7Cted funds funds 2023 2023 Total 2023 Charitable activities &822 521, 683 527,505 Total 2025 5.822 521,683 527,505 P8ge 21 Griffln Stone Moscrop & Co CHWEAEDlAh&Rf(lSTFAEpOc
Docusign Envelope ID.. F513FO57-AODO.4G8F-80D7-1 BC3A2A56466 ST PETER'S EATON SQUARE PCC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities Activities undertaken dlrectly 2024 Grant fundlng of activities 2024 Support costs 2024 Total funds 2024 Charitable activities 307,504 4,214 179,965 491,683 Total 2024 307,5Q4 4,214 179,965 491,683 Acttvit18S und6rt8ken directly 2023 Gnt funding ol activitigs 2023 Support costs 2023 Tot81 fund8 2023 Charitable activities 3Q2, 258 3,087 222, 160 527,505 Total 2023 302,258 3,087 222, 160 527,505 Page 22 Grlffln Stone Moscrap & Co 0I4RTEPEDAcCIXX4TW41EGISTEEDAUENTOp5
Docusign Envelope ID.. F513F057-AODO-4C8F-80D7-1 BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by activities (contlnuedl Analysis of direct costs Total funds 2024 Total funds 2023 Ministry: London Diocesan Fund Ministry 8xpense8 Church m8inten8nce Organ & instrument maintenance Choir, music & related expenses Sanctuary st Peters Popp8ts 93,500 306 130,203 2,688 72,743 3,814 4,250 120,115 1,04Q 90,340 978 79, 963 3,776 6,046 Total 2024 307.504 302,258 Analysls of support costs Total funds 2024 Total fund$ 2023 Staff costs Utilities & rates Telephone Printing, postage, stationery & Supplies Hospitality & advertising Cleaning Insuran Miscellan80US SUPPOrt costs Govemance costs 61,874 52,170 1,967 5,396 6,853 37,124 34,711 (23,9101 3.780 64, 895 63,391 1,979 4, 776 6,503 35, 777 34,629 5,010 5.200 Tot312024 179,965 222. 160 Page 23 Griffin Stone Moscro &Co cHiTEEDAc{NTU[S&EGTEFEDAU[HTOs
Docuslgn Envelope ID.. F513F057-AODO-4C8F.80D7-1BC3A2A55488 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Independent examlnerfs ramuneratlon 2024 2023 Fees payable to the Charitys independent examiner for the independent examination of the Charity's annual a¢counts 3,780 3, 600 11. Staff costs 2024 2023 Wages and salaries 61,874 64,895 61,874 64, 895 The averag8 number cf persons employed by the Charity during the year was as follows: 2024 No. 2023 Employe8S No employ8e receiv8d remunerstion amounting to more than £60,000 in either y8ar. Key management P8rsonnel, consisting of the Board of Trustee8, received no remuneration in the year (2023- the 8am8). 12. Trustees. remuneratlon and expenses During the yèar, no Truste88 received any remuneration or other benefrts (2023- £NIL). During the year ended 31 December 2024, operational expenses totalling £NIL were reimbursed or paid directly to 22 Trustees (2023 - £4.49n. Page 24 Griffln Stone Moscrop & Co L4EtEREDACCOuNTANIS&BLGI¥R
Docuslgn Envelope ID.. F513F067-AOD04C8F4OD7-1BC3A2A55486 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Fixed asset Investments Investments in subsidSary Listad companles Investm8nts Total Cost or valuatlon At 1 January 2024 Additions Disposals Revaluations 212,302 36,527 136,527) 16,564 212,307 36,527 {36,527) 16,564 At 31 December 2024 228,866 228,871 Net book value At 31 D8cember2024 228,866 228,871 At 31 December 2023 212,3Q2 212,307 Principal subsldlarles Th8 following was a subsidiary undertaking of Ihe Charity.. Company Reglster8d officè or princlpal Class of number place of business sharès Namo Holding Sl Peler's Eaton Square Trading Limited 07196311 119 Eaton Square, London, SW1W 9AL Ordinary IOOYO The financial results of the subsidiary for the year ware.. Name Income Expendlture Profill(Loss} Net assets I Surplusl (DefiGItl for the year st Peter's Eaton Square Trading Limited 157,833 (6,2841 151,549 28,868 Page 25 Grlffln Stone Noscrop & Co CHJwERED*tmUNTINT51c4SEREOAuDFrO
Docuslgn Envelopa ID.. F513F057-AODO.4G8F-80D7-1BC3A2A55486 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Debtors 2024 2Q23 Du8 wlthln one year Trad8 deblors Other debtors Prepayments and accrued incom8 54,405 15,037 59,778 73,614 (23, 778) 58,223 109,146 108,059 15. Credftors: Amounts falllng duo within one y8ar 2024 2023 Trade creditors other creditors Accruals and deferred income 62,322 35,858 63,462 65,859 34,635 5S,895 161,642 157,389 2024 2023 Deferred income at 1 January 2024 ReSoUrS deferred during the year Amounts released from previous periods 52,578 56,327 (52,575) 48,481 52,575 (48,481) 56,327 52,575 Def8rred income relates to rental income received in advance of the rental period and is deferred at the year end. 16. Financial Instruments 2024 2023 Financlal assets Financial assets m8asur8d at fair value through income and expenditure 211,011 116,925 Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand. Page 26 Grlffin stone Mc)scrop & Co CkL4ATEDAcCcu4TI.5TEDAl[lT
Docusign Envelope ID.. F513F057-AOD04C8F.80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds Statement of funds - current year Balance at 31 Gainsl December (Loss8s) 2024 Balance at January 2024 Transfers Inlout Income Expenditure Unrestrlcted funds General Fund 219,945 548,068 1462,899) (18,643) 9rt07 295,878 Endowment funds Burial Ground Trust Fun 40,483 40N63 Restrlcted funds Access Ramp App8al Lent Box8S National Herttage Fund Church Gifls and Donations Christmas Charities Fund Pimlicc St Peter Trust Railings Fund 4,726 272 18,643 23,368 272 2,480 2,480 14,243 123 (372) 13,994 4,645 3,412 (3,4121 4,645 286 25,000 6,000 (25,000) 286 6,000 26,651 34,535 128,784} 18.843 51,045 Total of funds 287,059 582,603 (491,683) 9,407 387,386 Page 27 Griffin stone M05crop & Co cH4rnP£COVw5&RESRE0AliT
Docusi9n Envelope ID.. F513FD57-AODtk4C8F-80D7-1BC3A2A55486 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds (conllnued) The restricted funds comprise of the following., The Christ Church, Westminster Fund arose from the sale of th6 burial ground of Christ Church, Westminst&r and the income can be applied for the upkeep of Sl P8ter's Church. The Access Ramp Appeal Fund can be applied for the construdion of an acce55 ramp to the church. The transfer from th8 General Fund to the restricted Access Ramp Appeal fund reflects monles previously received that were originally reflected as unrestricted funds. Th@ Church gifts and donations amount of £123 was fund rai86d during the year, with money granted oul to charity. The Christmas Charit18s Fund arises from Collections he5d in th8 Church at the end of the year which are to b8 donated to certain nominated charities. The Pimlico St Peter Trust gave a gr8nt of £25,DOO in the year towards new &mergency lighting, statutory signage and comparlmentation of doors by Green Tree Safety Ltd as part of replacing the whol8 fire alarmldelector system throughout the building. Th6 Tillyer and Chidwick Trust donated £6,000 in Ihe year towards the cost of new brass railing8 thi8 money will be utillised in 2025. Page 28 Grlffln stone Moscrop & Co CH4KrEbEDCtsT1REQ5TEpEDA1T¢Th5
Docuslgn Envelope ID.. F513F057-AODO-4C8F-80D7-1BC3A2A56466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds (conlinu8d) Statement of funds - prlor yèar Balance at 31 December 2023 Balancg a 1 January 2025 Gains/ (LL)sses) Income Expenditure Unrestrlctsd funds General Fund 192, 147 543, 888 (521, 683) 5, 593 219,945 Endowment funds Burial Ground Trust Fund 40,463 40, 463 Restricted funds A¢$$ Ramp Appeal Lent Boxes National Heritage Fund Church Glfts and Donations Christmas Charities Fund Pimlico St PeterTrust 4, 725 272 2,480 14,243 4,645 4, 725 272 2,480 14,243 4.645 286 592 3,516 (592) (3,516) (1, 714) 26,365 6, 108 (5, 822) 26, 651 Total of funds 258, 975 549,996 (527, 505) 5,593 287, 059 Pag8 29 Grlffin Stone Moscrop & Co IPbURTw.DXt(thTtsNTS&ftEGSTDAlUlTcYs
Do¢usign Envelop& ID.. F513F057-AODNC8F-80D7-18G3A2A554Q6 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Summary of funds Summary of funds- current year Balance at 31 Galnsl Dec8mber {Loss6s) 2024 Balance at 1 January 2024 Transferg Income Expenditure General funds Endowment funds Restricted funds 219,945 548,068 1462,899) 118,643) 9,407 295,878 40A63 26.651 40,463 51,045 34,535 {28.784) 18,643 287,059 582,603 {491,683) 9,407 387,386 Sumrnary of funds - prior year Ealance at 37 D8cgmber 2023 Balance at 7 January 2023 G8ins/ (Losses) Income Expenditure General funds Endowrnent funds Restricted funds 192, 147 40,463 26,365 543, 888 (521,683) 5,593 219,945 49,463 26,851 6, 108 (5,822) 258,975 549, 996 (527, 505) 5,593 287,059 19. Analysls of net assets between funds Analysis of net assets between funds - currant perlod Endowment Rastrlcted Unrestricted funds funds funds 2024 2024 2024 Total funds 2024 Fixed asset Investments Current assets Creditors due within one year 228,871 228,871 228,649 320,157 <161,642) {161,642) 40,463 51,045 Total 40,463 51,045 295,878 387,3B6 Page 30 Grfffin Stone Moscrop & Co cF1AtrEDuWM&REQ$TEDAu1[a
Docu8ign Envelope ID.. F513F057-AODO.4C8F4OD7-1 BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Analysis of net assats between funds {contlnued) Analysis of net assets between funds - prlor p8riod Endowment funds 2023 Rastricted Unrest17Cted funds nds 2023 2023 Total funds 2023 Fixed asset investments Current assets Creditors due within one year 40,463 179,001 219,464 198, 333 224,984 (157,389) (157,389) 26,651 Total 40,463 26,651 219,945 287.059 20. Reconclllatlon of net movem8nt in funds to net cash flow from op8rating activities 2024 2023 Net income for the period (as per Statement of Financial Activilies) 90,920 22,491 Adjustments for: Dividends, interests and rents from investments Increase in debtors Increasel(d8cr6ase) in creditors 19.4091 (1,0871 4,253 (9,930) (18,670) (5,690) Net cash provlded byl{used In) operating activiti8S 84,677 (11, 799) 21. Analysis of cash and cash equlval&nts 2024 2Q23 Cash in hand Overdraft facility repayab16 on demand 211,011 118,999 (2,074) Total cash and cash equivalents 211,011 116,925 Pagg 31 Grlffln Stone Moscrop & Co cHARlEDACCCAITWTsEGSTDAUDYToHS
Docuslgn Envelope SD.. F513F057-AOD04C8F-80D7-1BC3A2A55466 ST PETER'S EATON SQUARE PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 22. Analysls of changes In net debt At1 January 2024 Cash f lows At31 December 2024 Cash at bank and In hand 116,925 94,086 211,011 116,925 94,088 211.011 23. Operating lease commitm8nts At 31 December 2024 the Charity had commilmentS to make future minimum18ase payments under non- cancellable operating leases as follow5.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 2,832 4,956 2,832 7, 788 7,788 10,620 Related party transactlons Jane Franses (previously James Gourfay), a M8mber of the charity, was also a Trustee of the St Andrew's Church Hall Trust, which made grants to the charity in the year of £27,924 (2023 - £26,567). During the year the charity's trading subsidiary (St Peterfs Eaton Square Trading Limited) made distributions to the charity totalling £139,811 12023 - £143,050). At the year end, the trading wmpany owed £Nil (2023 - £NIL) to the PCC. Total donations received in the year from Trustees amountèd to £13,76312023- £14,150). Page 32 Grfffln Stone Moscrop & Co EAART81".Dp0lJr&RE{I%riREDAuDoRS