CROYQ
The Parochial Church Council of the
Ecclesiastical Parish of St John the Baptist, Croydon
(Croydon Minster & St George's Waddon)
Annual Report and Financial Statements
for the Year Ended 31 December 2024
Charity Registration Number: 1133736

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Reference and Administrative Information
Reference and Administrative Information
Trustees, Report
Report of the Independent Auditors
io
Statement of financial activities
13
Balance sheet
14
Cash flow statement
15
Notes to the Financial Statements
16

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Reference and Administrative Information
pcc
Trustees
The following individuals acted as Trustees throughout the year and to the date of thi5 report, except where otherwise stated. PCC
members are registered as trustees of the charity- The PCC has the responsibility of co-operating with the Priest-in-charge in
promoting the ecclesiastical parish and the whole mission of the Church- pastoral, evangelistic, social and ecumenical.
Priest in Charge
The Rev'd Canon DrAndrew Bishop
- Vicar from September 2024
Associate Priest with Responsibility for
St George'5. Waddon
The Rev'd David Adamson-Hill
resigned June 2025
Associate Priest
The Rev'd Folake Makanjuola
(also Priest in Charge of St. Andrew's. Croydonl
resigned July 2024
Assistant Priest
The Rev'd Alan Bayes
resigned September 2024
Churchwardens
Arlene Esdaile
Pamela Hall
Stephen Willmer
resigned June 2025
resigned May 2024
appointed May 2024
Deputy Wardens
Carol Milgate
Mark Mason
Melvyn Mead
Stephen Willmer
resigned May 2024
Curate
Vacant
Hon Treasurer
Deborah Miller
Reader
Elaine Cooper
Southwark Pastoral Auxiliary
Diana Hemmings
resigned May 2024
Deanery Synod Representatives
Stephen Willmer
Sue Williams
Deanna Blake
Denise Mead (also the Verger I Parish Administrator)
Elerted Members
Gail Winter12021) {until June 2024)
David Milgate12022)
Sandra Craig120221 luntsl May 2025)
Lucy Graham120221
Anne Tanner120221
Sheila Campbell {20221
James Carswell120231
Carole Milgate120241
Dede Bank512024)
Greg Cook {20241
Sarah Mugerezi12024

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Reference and Administrative Information
Secreta
to the PCC
Jodie Richards
Tiffany Willmer
resigned January 2024
appointed May 2024
Registered address
Croydon Minster
Church Street
Croydon
CRO IRN
St Geooe's Church Centre
Barrow Road
Waddon
CRO 4EZ
Auditors
TC Group
Suffolk House
George Street
Croydon
CRO OYN
Bankers
National Westminster Bank PIC
I High Street
Croydon
CR9 IUY
Architects
Ablett Architects Ltd
Kingfi'sher House
21-23 Elmfield Road
Bromley
BRI ILT
Howard Fairbairn MHK Architetts
Lambourn House
Redlands
Coulsdon
CR6 2HT

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
The Parochial Church Council IPCCI of the Ecclesiastical Parish of St John the Baptist.
Croydon is a charity which was registered with the Charity Commission during 2009.
However. the Church of England retains its governing status and custodial role.
The area of responsibility (see mapl includes the church of St John the Baptist {known as
Croydon Minster} situated in the Old Town Conservation Area of Croydon and the
daughter church of St George's situated on the Waddon Estate in the south of the parish.
The parish is part of the Diocese of Southwark within the Church of England.
STRUCTURE. GOVERNANCE AND MANAGEME
PCC (Trustee} responsibilities
The PCC is responsible in law for preparing the Trustees, Report and Financial Statements
in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice). The financial statements so produced
are required to give a true and fair view of the charity's financial activities during the year
and of its financial position at the end of that year. In preparing financial statements giving
a true and fair view the Trustees should follow best practice and:
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Charities Statement of Recommended Practice1SORPI-
make judgments and estimates that are reasonable and prudent-
follow applicable accounting standards and the Charities SORP. subject to any material departures disclosed and explained in
the financial statements; and,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue
in operation.
Trustees are responsible for keeping proper accounts.ng records which disclose with reasonable accuracy at any time the financial
position of the charity and which enable them to ensure that financial ststements produced therefrom comply with applicable legal
requirements. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
All those who attend our services/ members of the congregation are encouraged to registeron the Elertoral Roll and stand for elettion
of the PCC. This is an important act of service within the church as PCC members are responsible. alongside their legal responsibilities
as charity trustees, for making decisions on all matters of general concern and importance to the parish including deciding on how the
funds of the PCC are to be spent.
PCC (Trustee} appointments
Members of the PCC are either ex officio or eletted by the Annual Parochial Church Meeting IAPCMI in accordance with the Church
Representation Rules. The most recent APCM was held on 28 April 2024. referred to below as APCM 2024.
PCC Committees
The PCC met regularly throughout the year, on 19 February 2024, 24 April 2024 lonlinel, 17 June 2024, and 16 October 2024. In
addition to full meetings of the Council, there are three sub-committees, which report back to the full PCC.
Standin
Committee
The only committee required by law. it has the power to transact the business of the PCC between meetings, subject to the directions
of the PCC. This committee also oversees the general financial dimension of the work of the Minster and debates strategic direction

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
and wider issues of parish life. Members include the Priest-in-charge. the Associate Priest {St George's), the Churchwardens, and the
Treasurer. It met regularly during the year.
The APCM in 2023 approved a scheme of Governance forthe Parish underthe Church Representation Rules under which each church
has a District Church Council IDCCI to which the PCC delegates certain Ibut not all) powers. This allows decisions affetting each church
to be made at the most local level. Significant expenditure has to be approved by the PCC.
Cro
don Minster District Church Council
Within the context of the legal parochial structure, the Minster District Church Council has responsibility for the day to day running of
the Minster, and the Mission and Ministry of the Minster church district. It met on 9 January 2024, 3 July 2024. 23 September 2024
and 25 November 2024.
St Geor
e's District Church Council
Within the context of the legal parochial structure, St George's Distritt Church Council has responsibility for the day to day running of
St George's Church, and the Mission and Ministry of the St George's Distrirt. It met on 24January 2024. 4 June 2024. 30 July 2024. 24
September 2024, and 26 November 2024.
Public Benefit
The PCC is aware of the Charity Commission's guidance on public benefit in 'The Advancement of Religion for the Public Benefit,. It
believes that by conducting the work of the Church of England within the Ecclesiastical Parish of St John the Baptist, Croydon, it helps
to promote the whole mission of the Church (pastoral. evangelistic. social and ecumenical}. and that in so doing it provides a benefit
to the public bv-
providing facilities for public worship, pastoral care and spiritual, moral and intellectual development both for member5 of
the Church of England and for anyone who wishes to benefitfrom whatthe church offers,. and
promoting Christian values and service by members of the church in and to the community to the benefit of individuals and
society a5 a whole.
ACHIEVEMENTS AND PERFORMANCE
Our Mission
As the Parish of Croydon, our mission is to reach out and celebrate God's unconditional love for the world with all people of our parish
and with the wider community. Both churche5 of our parish strive to be living, growing communities and places where all, regardless
of race. gender or sexuality, may encounter God.
We aim to dothis by:
offering inclusive catholic worship and inspiring Anglican liturgy enhanced. at the Minster, by a strong choral tradition.
being a community of God in the town centre of Croydon, on the Waddon Estate and on the Valley Park Estate, facilitating an
open-door policy where all who wish to visit our churches. whether to pray. be still or look around. are welcomed.
enhancing the Christian education of young and old alike through the preaching ofthe Word and the provision of creative worship
for children of all ages.
developing and maintaining strong links with schools, including the local Minster Infant and Junior Schools, Aerodrome Primary
Academy, and the Schools of the Whitgift Foundation.
caring for the needs of the elder community through our relationship with care facilities including the Whitgift Almshouse5,
Wilhelmena House. the Elis David Almshouses and Whitgift House. as well as other care homes located within the parish. Through
outreach activities at St George's the Parish also has a significant ministry amongst the elderly and isolated.

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
nurturing a strong choral tradition at the Minster through our four choirs. involving girls. boys and adults drawn from the local
communitv.
celebrating our place in Croydon's past, present and future through developing our historic relationships with the civic, secular
and Christian communities of Croydon.
Worship and Prayer
Each church maintains a regular Sunday pattern. with the Sung Eucharist at its heart. Feast days are observed with a Choral Eucharist
sung by the choir at the Minster when they fall on a Tuesday or Wednesday. The Eucharist is offered at the Minster on Mondays,
Tuesdays, Wednesday and Fridays, and at St George's on Thursdays. In this way a weekday Eucharist is offered in the parish Monday-
Friday. Morning Prayer is said daily in the Minster. Choral Evensong is sung at the Minster on Sundays. Tuesdays and Wednesdays in
Term time.
The Liturgy in the parish reflects the Catholic provision at the major festivals including Holy Week drawing on the riches of the liturgical
tradition. Devotions such as the Stations of the Cross remain popular. Others are exploring methods of prayers such as the Rosary.
During Lent, Compline and Benediction was celebrated weekly. We have continued with Lent and Advent daily readings provided by
members of the congregational community and posted online.
All are welcome to attend our regular service5 and are encouraged to join the electoral roll. Following compilation of the new electoral
roll, this stood at 167 in May 20251213 in March 20241. The Minster and St George's are open throughout the week. Average Sunday
attendance in October 2024 was about 150 Adults (about 170 in October 20231 and about 40 Children labout 35 in October 20231.
As well as our regular services, we enable ourcommunityto celebrate and offerthanks to God atthe milestones of thejourneythrough
life, including about 20 baptisms and about 10 funerals in 2024 (about 15 baptisms and 20 funerals in 20231.
Choral music is a significant feature of the Minster's worship, with Boys, Girls and Adult Choirs. As well as the regular services
throughout the year, highlights during 2024 included the Epiphany processional and a BBC broadcast of Choral Evensong from the
Minster in January- the services for Holy Week and Easter in March- a series of events in June around the Patronal Festival including
What a Wonderful World- a celebration of singing by the Minster Girls Choir. Minsterjunior School and Heathfield Academy, visits by
the Choir of Saint Andrew's Episcopal Church, Birmingham. Alabama and bytheAvalon Consort of viols. and a performance of Britten's
Rejoice in the Lamb,. and the services and concerts around Advent and Christmas including the Advent Procession, the Civic Service of
Nine Lessons and Carols, the Christmas Cheer Concert by the Choir of Croydon Minster and the Croydon Citadel Band of the Salvation
Army, and the Midnight Mass.
We also provide many and regular opportunitiesfor local organisations, with whom we have very close links, to worship atthe Minster.
These include services for our own Minster Infant and Junior Schools- annual Founders Day Services for the Schools and Elder Care
organisations of the Whitgift Foundation and Elis David Almshouses. During 2024, Fr Andrew Bishop was instituted as Vicar of Croydon
at a festal Choral Evensong on the feats of the Nativity of the Blessed Virgin Mary, at which the Bishop of Croydon preached. In its
capacity as the Civic Church, the Minster also hosted the Civic Act of Remembrance in November.
Each year members of the congregation attending the APCM receive an annual report book detailing the activities of the PCC and
various organisations in the life of the parish. We have developed our online presence to make Parish life more accessible to those
who cannot reach us in person. We continue Lectio Divina weekly on Zoom. The Parish Magazine is published online via our respective
websites as well as in hard-copy format, maintaining our websites to share information, events and articles- and posting regularly on
Facebook, Instagram and Twitter/X.

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
Ministry, Catechesis and Mission
As one Parish with two churches the PCC considers three to be the optimum number of clergy serving the ministry and mission here.
The confiEuration of clergy approved by the PCC is for the Vicar of the parish, and two associate priests, both known as Associate
Vicars. Fr David Adamson-Hill has primary responsibility for the ministry of St George's Church and also serves the wider parish through
the Minster during the week too. The new post of Associate Vicar and Chaplain in the Whitgift Foundation will give further ministerial
support at the Minster and support the Vicar in discharging the role of Chaplain to the Whitgift Foundation. This is a 'sponsored post,
and the sponsor is the John Whitgift Foundation. In 2024 we sought to recruit a priest to this post following the appointments of the
Revd Alan Bayes and Revd Folake Makanjuola to new posts, but were unable to make an appointment.
St George's continues its work in hosting a parent and toddler group serving the Waddon community. A strong relationship with
Aerodrome School is maintained. At the Minster a successful regular programme of activities for children and young people around
feasts of the Church has been developed. led by Alice Bishop, and in the summer has been running in collaboration with our neighbours
at St Michael's Croydon and St Alban's South Norwood. The parish runs the 'CroydonSingsl' project developing choral music in local
schools with funding from the PCC. St Edmund's Charity. and the Cathedral Music Trust.
Catechesis continues to be offered. In Lent St George's runs a Lent course for the whole parish and at the Minster sessions of 'Bitesize
Catechesis. enable learning and reflection on different topics of Christian life, faith and practice. Within the parish we run annual
courses of confirmation preparation.
The Minster's significant heritage enables part of the mission of the parish by attracting a range of visitors. The clergy and Minster
Education Officer, David Morgan host visits from schools and other groups. The Minster Schools and Aerodrome Primary Academy
have both visited in 2024. Reflecting the historic significance of the Minster and its place in the history of Croydon, we are building a
detailed description of the Minister Church and its history on our website and engage in the annual national open house weekend in
September. The Minster also featured in the autumn 2024 Croydon Unlocked exhibition at Croydon Clocktower, a captivating display
of local life through the lens of talented photographer Rachel Adams.
Lunchtime Recitals take place regularly on Fridays during term ts"me. given by gifted students from Old Palace, Croydon High and Sutton
High schools as well as students and graduates from the major London conservatoires Laine, concluding with the Theatre Arts Choir's
Christmas programme. 31 recitals took place during 2024, including a flute and harp recital by the Harpist to HM the King. These have
been steadily building a regular audience. which is largely a separate community from Sunday or weekday worshippers.
PCC Review of the year
Governance
During 2024 the PCC and the Minster DCC each met four times. and the St George's DCC met five times. Major issues addressed are
set out below.
Parish Su
ort Fund
In 2024 the Minster supported the Diocese with £83.5001£81.600 in 20231 and St George's with £12.4001£12.125 in 20231. Both
churches agreed to further increase their pledges for 2025 to £89,300 (Minster) and £12,850 (St George's).
Land
There was continuing discussion about the Minster Hall and how it can be made fit for purpose, and of Croydon Council's plans for
enhancing Minister Green and the environs of the Minster. During 2024 discussions with Croydon Council to lease the small strip of
land to the north of the Minster Hall were concluded with the Council agreeing a 999-year lease of this land by the PCC for a peppercorn
rent. This allows for expanding the footprint of the hall if desirable.
Le
On his death in 2023 our much beloved friend and Ooanist Laureate, Martin How, bequeathed his entire estate of around £1 million
to the PCC. He did not specify how it was to be used. and so the funds are unrestrirted. This places a considerable responsibility on
the PCC to work out how best to honour Martin and make good use of his generous legacy. It has been agreed that a balance should
be struck between spending on projects need5 Wlthin the Parish and making the capital work so that it has a lasting effect. During 2024
this legacy has enabled the commissioning of a memorial plaque to Martin How in the Minster (dedicated on Advent Sunday, I

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
December 20241, the commitment to a multi-year projecttocomplete restoration of the historicorgan in the Minster. and to upgrading
the sound systems in the Minister, and at St George'5.
Financial review
The charity reports incoming resources of £1.099.976 in 2024 {2023 £677.4121 total charitable expenditure of £391,07212023
£317,028), net investment valuation gains of £2,18712023 - £8,212} and therefore a total surplus for the year of £711,09112023
£368,596). The reason for such a significant increase in both incoming resources and the overall surplus for the year is the receipt
during the year of £778,949 relating fully to a legacy left to the charity.
At the year-end date, the charity reports total funds of £1,333,57912023 - £622,488) of which £l.101,271 are unrestritted {2023
£404.2901.
CHARITABLE CONCERNS
Charitable Grant5
A number of special appeals were held duringthe yearwith proceeds donated tocausessuch asthe Croydon Churches Floatingshelter,.
the Bishop of Southwark's Lent Appeal and local Foodbanks. The Priest-in-CharEe has discretion to respond to local need using the
income from two trusts, namely the Caroline and Eliza Day Bounty and the Sarah Ann Huntingford Charity Inote 141.
Charitable Attivities
Throughout 2024, the Parish has worked with the charityseporoted Childto provide and pack welcome kits for child migrants coming
to the UK alone. Members of the Minster, St George's and wider community, havejoined on fouroccasions in the packing and a lunch.
INVESTMENT POLICY
The PCC'S long-term endowments are invested in Unit Holdings managed bythe Church of England Central Board of Finance ICBFI and
the Charities Official Investment Fund ICOIFI. Other funds are held on short-term deposit. also through the CBF. in anticipation of their
likely shortto medium term utilisation. The PCC also hold an investment in a 95 day access account.
RESERVES POLICY
The balance sheet components of funds are reported in the notes to the Financial Statements. The PCC views a level of between 3 - 6
months unrestricted expenditure as a desirable range for the free reserve. The PCC measures -free reserves" for the Parish as a whole
as comprising total unrestricted funds of £l.101,27112023 £404,290) less tangible fixed assets employed for charity use of £25,943
12023 £2.5891, therefore amounting to £1.075.328 {2023 £401.7011. This represents reserves of approximately 38 months,
unrestricted expenditure {2023 - 18 months).
RISK ASSESSMENT AND EXPOSURES
Health and Safet
The 2022 quinquennial inspection of the Minster buildings confirmed that the premises are safe structurally and there are no matters
which will prevent their continued use for the foreseeable future. The church hall is structurally sound but there are issues around
heating and maintenance which would require costly investment, so we are limiting its use, pending plans to replace it in the next few
years. The St George's quinquennial inspection took place in July 2023. Issues of concern included replacement of high-level dormer
window5, and maintenance of the bellcote.
Both the Minster and St George's have Health and Safety, Fire Safety, Church Risk Assessment and Personal Safety Plans and Policies
in place with progress against attions in these documents monitored and reported on regularly to the PCC. Fire prevention and
evacuation procedures are in place with training sessions for key personnel held at regular intervals.
Securit
The interior of the Minster church is monitored by a sophisticated camera system installed in 2001; and updates now include the lower
roofs Ito protett against theft of roofing lead) and the Choir Vestry. Locks to all church doors are accessed via high security keys- there

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
is always a member of staff on duty when the church is open. All metal has been marked with Smartwater (Selecta DNA). The Personal
Safety Plan identified further security risk5 for which mitigating action has been taken.
Protection of children and vulnerable adults
The Parish has a safeguarding policy to ensure the safety and well-being of young people and vulnerable adults. A Parish Safeguarding
Officer, assisted by a PSO at St George's, ensures the policy is implemented and liaises directly with the Diocesan Safeguarding Advisor.
Any person working with young people in either church is required to complete a declaration form, and to undergo disclosure and
barring checks. All PCC members are required to undergo onlinetrainingthrough the Church of England's National SafeguardingTeam,
and the PCC and two DCCS regularly review safeguarding at their meetings. In autumn 2024 the PCC initiated a Safeguarding Audit.
This was subsequently required of all parishes by the Diocese and was submitted in March 2025.
Financial Risk
Martin How's legacy has put the PCC'S financial position on a much more secure footing for the foreseeable future, significantly
reducing the level of financial risk. The PCC is now working to ensure that the bequest is used to better our Parish and to place the
annual running costs of the Minster and St George's on a sustainable basis. During 2024 the Unrestricted expenditure was £75k higher
than in 2023. This increase primarily reflected non-recurring costs for refurbishing Clergy Housing in preparation for the appointment
of a new Associate Vicar, and £15k for the new sound system at St George's. However. the PCC is clear that with signiticant further
expenditure envisaged in coming vears Isee Plans for the Future below) it is essential to develop a robust financial plan for the future
during 2025 to budget and manage future running costs and capital expenditure carefully. and to continue its work to sustain.
encourage and increase regular giving.
PLANS FOR THE FUTURE
Minist
Work which will be developed further in 2025 includes:
the delivery of work with Croydon Borough Council on their re-scoped plans for redeveloping the environs of the Minster,.
further progress on the redevelopment of the Minster Church Hall and its site, taking account of other local developments
such as the future of the adjoining sites of the former Palace of the Archbishops of Canterbury on the closure of Old Palace
School in summer 2025, and Reeves Corner;
work on a Conservation Management Plan to enable well-informed planning and strategic decisions to be made,. and,
embedding the culture of safeguarding and enacting the action points from the Safeguarding Audit.
ro
ects
The PCC'S key priorities in 2025 are:
phases 2 and 3 of renewal of the Minster Sound System-
developing a clear vision and strategy for the Minster Hall and the provision required:
taking forward the Minster Organ restoration project- and.
work at St George's on replacement of the high-level dormer w1nd0v￿. and maintenance of the bellcote.
The PCC also continues workingto develop a policy on the propertythat it owns and the most effective use of the properhes to enable
ministry and mission in the parish.

The Parochial Church Council of Stjohn the Baptist. Croydon
Report and Financial Statements for the year ended 31 December 2024
Trustees, Report
TRUSTEES, RESPONSIBILITIES STATEME
The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity
for that period.
In preparing these tinancial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities SORP 2019 (FRS 1021-
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue
in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial sL)tements comply with the Charities Act 2011, the Charities
(Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AUDITORS
The Auditors. TC Group, were appointed atthe Annual Parochial Church Meeting on 28 April 2024 and were reappointed at the Annual
Parochial Church Meeting on 11 May 2025.
{. 11.202S
Approved by the PCC on .................................. and signed on its behalf-
The Re¢d Canon Dr Andrew Blshop
Chalr
DelKKah Mlller
Mon Treasurer

Report of the Independent Auditors to the Parochial Church Council
of St John the Baptist. Croydon (Croydon Minster)
Opinion
We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St John the Baptist, Croydon
Ithe 'charity'l forthe year ended 31 December 2024 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes to the financial statements, including signifi.cant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Flnancial Reportlng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2024, and of its incoming resources and
application of resources, including its income and expenditure. for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities
under those standards are further described in the auditor responsibilities for the audit of the financial statements sechon of our
report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is suffi'cient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that.
individually or collectively, may cast significant doubt on the charity'5 ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the relevant sections of this
report.
Other information
The other information comprises the information included in the trustees, annual report, other than the fi'nancial statements and our
auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial ststements does not
cover the other information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated.
If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise
to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
io

Report of the Independent Auditors to the Parochial Church Council
of St John the Baptist. Croydon (Croydon Minster)
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations
2008 require us to report to you if, in our opinion-
the information given in the trustees. report is inconsistent in any material respert with the financial statements- or
sufficient accounting records have not been kept; or
the tinancial statements are not in agreement with the accounting records- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees. responsibilities statement set out on page 9. the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern,
disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either
intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant
regulations made or havinE effect thereunder.
Our objecknves are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a
high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these tinancial
statement5.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our
responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our
procedures are capable of detecting irregularities. including fraud is detailed below=
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the tinancial
statements from our general commercial and sector experience, and through discussion with the trustees and other
management las required by auditing standards). and discussed with the trustees and other management the policies and
procedures regarding compliance with laws and regulations;
We identified the followinE areas as those most likely to have such an effect.. health and safety- General Data Protecknon
Regulation IGDPRI- fraud,. bribery and corruption and employment law. Auditing standards limit the required audit
procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management
and inspection of regulatory and legal correspondence, if any.
We considered the legal and regulatory frameworks directly applicable to the financial statements reporhng framework IFRS
102 and the Charities Act 20111 and the relevant tax compliance regulations in the UK.
We considered the nature of the charity's operations and its control environment-
li

Report of the Independent Auditors to the Parochial Church Council
of St John the Baptist. Croydon (Croydon Minster)
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-
compliance throughout the audit;
We considered the procedures and controls that the charity has established to address risks identified, or that otherwise
prevent, deter and detett fraud. and how senior management monitors those programmes and controls.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a
material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance
with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to
become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error,
as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S webslte at.. htt
description forms part of our auditor's report.
www.frc.or .
auditorsres
onsibilities. This
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports)
Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required
to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the
opinions we have formed.
John Millidge ACA
TC Group
Statutory Auditors
Suffolk House, George Street
Croydon, CRO OYN
6 November 2025
12

**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Statement of Financial Activities** 

## **for the Year Ended 31 December 2024** 

|**Note**<br>**Incoming resources**<br>2<br>Voluntary income<br>Activities for generating funds<br>Income from investments<br>Church activities<br>Other ordinary incoming resources<br>**Resources expended**<br>3<br>Fundraising costs<br>Church activities<br>**Net surplus / (deficit)**<br>**Transfers**<br>Gross transfers between funds<br>**Other recognised gains and losses**<br>Investment revaluation gains / (losses)<br>**Net movement in funds**<br>**Reconciliations of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**Unrestricted**<br>**Funds**<br>**£**<br>948,078<br>11,964<br>61,587<br>22,886<br>3,604|**Restricted**<br>**Funds**<br>**£**<br>35,761<br>-<br>2,499<br>13,562<br>35|**Endowment**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2024**<br>**£**<br>983,839<br>11,964<br>64,086<br>36,448<br>3,639|**Total**<br>**2023**<br>**£**<br>581,141<br>14,613<br>32,581<br>48,382<br>695|
|---|---|---|---|---|---|
||1,048,119<br>1,905<br>341,233|51,857<br>-<br>47,934|-<br>-<br>-|1,099,976<br>1,905<br>389,167|677,412<br>4,352<br>312,676|
||343,138|47,934|-|391,072|317,028|
||**704,981**<br>(8,000)<br>-|**3,923**<br>8,000<br>-|**-**<br>-<br>2,187|**708,904**<br>-<br>2,187|**360,384**<br>-<br>8,212|
||**696,981**|**11,923**|**2,187**|**711,091**|**368,596**|
||404,290|123,606|94,592|622,488|253,892|
||**1,101,271**|**135,529**|**96,779**|**1,333,579**|**622,488**|



13 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Balance Sheet** 

## **as at 31 December 2024** 

||||**2024**|||**2023**||
|---|---|---|---|---|---|---|---|
||**Note**|**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Tangible fixed assets|6|||25,943|||2,589|
|Fixed asset investments|7|||96,779|||94,592|
|||||122,722|||97,181|
|**Current assets**||||||||
|Debtors|8|67,022|||36,782|||
|Short term deposits|9|1,097,304|||44,048|||
|Cash at bank and in hand||88,506|||481,469|||
|||1,252,832|||562,299|||
|**Creditors**||||||||
|Amounts falling due within one year|10|41,975|||36,992|||
|**Net current assets**||||1,210,857|||525,307|
|**NET ASSETS**||||1,333,579|||622,488|
|**Accumulated funds**||||||||
|Unrestricted funds|12|||1,101,271|||404,290|
|Restricted funds|12|||135,529|||123,606|
|Endowment funds|12|||96,779|||94,592|
|||||1,333,579|||622,488|



These financial statements were approved by the Parochial Church Council on their behalf by: 

and were signed on 

Stephen Willmer Stephen Willm Churchwarden Churchwarden 

Deborah Miller Deborah Miller Hon Treasurer Hon Treasurer 

14 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Cash Flow Statement** 

## **for the year ended 31 December 2024** 

|**Operating activities**<br>Net surplus / (deficit) for the year<br>Adjustments for:<br>- Change in valuation of fixed asset investments<br>- Increase in debtors<br>- (Decrease) / increase in creditors<br>**Cash generated from operating activities**<br>**Investing activities**<br>Purchase of tangible fixed assets<br>Increase in cash and cash equivalents in the year<br>Cash and short term deposits at 1 January 2024<br>**Cash and short term deposits at 31 December 2024**|**Total**<br>**2024**<br>**£**<br>711,091<br>(2,187)<br>(30,240)<br>4,983<br>683,647<br>(23,354)<br>660,293<br>525,517<br>1,185,810|**Total**<br>**2023**<br>**£**<br>368,596<br>(8,212)<br>(11,851)<br>2,493|
|---|---|---|
|||351,026|
|||-|
|||351,026<br>174,491|
|||525,517|



15 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **1 Accounting policies** 

## **Basis of preparation** 

The PCC is a public benefit entity with the meaning of FRS102. 

The financial statements are prepared under The Church Accounting Regulations 2006 and The Charities Act 2011. These incorporate the requirements of The Charities' Statement of Recommended Practice (SORP FRS102). 

The financial statements have been prepared in order to give a "true and fair view" and has involved following Statement of Recommended Practice (SORP FRS102). 

The financial statements are prepared on the accruals basis and under the historical accounting convention except that fixed asset investments are reported at market value. 

The financial statements are prepared in pound sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members. 

## **Going concern** 

At the time of approving the financial statements the PCC has a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future. Accordingly the going concern basis of accounting is applied in the preparation of the financial statements. 

The principal accounting policies adopted in the preparation of the financial statements are as follows: 

## **Aggregation** 

The financial statements aggregate the financial activities and balance sheet of Croydon Minster with those of the daughter church of St George's Waddon. 

## **Income (Note 2)** 

This is accounted for gross and included when the PCC becomes legally entitled to the use of the resources, an inflow of economic benefit is probable and the monetary value can be measured with sufficient reliability. 

## **Voluntary income** 

Collections and planned giving are recognised when received. 

Income tax recoverable on gift aid donations is recognised when the related income is received. 

Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is probable and the amounts due are reliably quantifiable. 

## **Income from investments** 

Dividends are accounted for when received.  Interest entitlements are accounted for when received. 

## **Gains and losses on investments** 

Realised gains and losses are recognised when investments are sold. 

Unrealised gains and losses are accounted for on revaluation annually each 31 December, with increases or decreases in valuation recognised within the Statement of Financial Activities. 

16 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **Accounting policies (continued)** 

## **Expenditure (Note 3)** 

Expenditure is recognised and accounted for as soon as there is legal or constructive obligation and settlement is probable and quantifiable. 

Generating funds costs are those incurred in the running of fundraising activities. 

Church activities includes expenditure on the day to day operation and management of the Church and include both the direct and indirect support costs relating thereto. 

## **Fund accounting** 

- (i) Restricted funds arise where incoming resources have a specified purpose. Related expenditure is allocated against such income. 

- (ii) Unrestricted funds arise where incoming resources have no specified purpose and may accordingly be utilised at the PCC's discretion. 

- (iii) Designated funds are a form of unrestricted fund created by the PCC to meet a specified need. Such funds, if unutilised or no longer required, may be reclassified within general unrestricted funds. 

- (iv) Endowment funds arise where capital sums have been received for investment in perpetuity; the income from which is to be applied in accordance with the donor's wishes and which may, as a result, be restricted or unrestricted in its application. 

- (v) Accumulated funds represent aggregate retained amounts on each type of fund which finance the PCC's operation. They comprise investment in fixed assets and net current assets. 

## **Tangible fixed assets and depreciation** 

## (i) Consecrated land and buildings and moveable church furnishings: 

   - Consecrated land and beneficed property is excluded from the financial statements in accordance with S10(2)(a) and (c) of the Charities Act 2011. No value Is placed on moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. They are listed in the church's inventory which can be inspected at any time. Any expenditure incurred on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement is written off as expenditure within the Statement of Financial Activities when incurred. 

- (ii) Other land and buildings 

Other land and buildings held on behalf of the PCC for its own purposes are included at the carrying value as of 1 January 2015 (cost less accumulated depreciation). Further depreciation is not charged as the estimated residual values of the assets exceed the carrying value. 

## (iii) Other fixtures, fittings and church equipment 

Any such expenditure, if incurred, will be capitalised at cost and written off on a straight line basis over five years. 

## **Financial instruments** 

The PCC only has financial assets and liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently (if ever different) at their settlement value. 

## **Operating leases** 

Costs of operating leases are included in the statement of financial activities as incurred. 

17 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **Taxation** 

The PCC has charitable status and therefore is not liable to income tax on its various forms of income on the basis that it is applied for charitable purposes. Income tax is recoverable on gift aid donations and is accounted foe as it becomes receivable. 

## **2 Incoming resources** 

|Voluntary income<br>Planned giving<br>Service collections<br>Sundry donations and appeals<br>Income tax recoverable<br>Grants<br>Legacies<br>Activities for generating funds<br>Fundraising events<br>Bookstall<br>Car parking<br>Income from investments<br>Rental income<br>Dividend and interest receivable<br>Church activities<br>Church and hall lettings<br>Wedding, funeral and other event fees<br>Parish magazines<br>Other church activities<br>Other ordinary incoming resources<br>Sundry income<br>**Total incoming resources**|**Unrestricted**<br>**Funds**<br>**£**<br>69,246<br>14,719<br>7,772<br>18,478<br>58,914<br>778,949|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>200<br>618<br>34,943<br>-|**Total**<br>**2024**<br>**£**<br>69,246<br>14,719<br>7,972<br>19,096<br>93,857<br>778,949|**Total**<br>**2023**<br>**£**<br>69,848<br>16,118<br>19,418<br>20,149<br>75,608<br>380,000|
|---|---|---|---|---|
||948,078<br>10,582<br>-<br>1,382|35,761<br>-<br>-<br>-|983,839<br>10,582<br>-<br>1,382|581,141<br>10,060<br>150<br>4,403|
||11,964<br>25,283<br>36,304|-<br>-<br>2,499|11,964<br>25,283<br>38,803|14,613<br>27,760<br>4,821|
||61,587<br>2,620<br>18,078<br>1,597<br>591|2,499<br>-<br>-<br>-<br>13,562|64,086<br>2,620<br>18,078<br>1,597<br>14,153|32,581<br>8,900<br>15,727<br>1,749<br>22,006|
||22,886<br>3,604|13,562<br>35|36,448<br>3,639|48,382<br>695|
||3,604|35|3,639|695|
||**1,048,119**|**51,857**|**1,099,976**|**677,412**|



18 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

## **for the Year Ended 31 December 2024** 

## **3 Resources expended** 

|**Resources expended**|||||
|---|---|---|---|---|
|Fundraising costs<br>Fundraising events<br>Church activities<br>Missionary and charitable giving<br>- Grants and donations<br>Ministry costs<br>- Diocesan parish contribution<br>- Other clergy costs<br>- Church running expenses<br>- Church maintenance<br>- Other church activities<br>- Worship expenses<br>- Choir and music<br>- Sunday school costs<br>- Church hall running costs<br>- Parish magazine<br>- Staff salaries<br>- Office costs<br>- Property costs<br>- Independent examination<br>- Audit fees<br>**Total resources expended**<br>**Staff costs**<br>Salaries (including service fees)<br>Pension costs|**Unrestricted**<br>**Funds**<br>**£**<br>1,905|**Restricted**<br>**Funds**<br>**£**<br>-|**Total**<br>**2024**<br>**£**<br>1,905|**Total**<br>**2023**<br>**£**<br>4,352|
||1,905<br>506<br>95,900<br>53,692<br>41,219<br>5,271<br>2,482<br>4,710<br>50,611<br>-<br>7,124<br>944<br>42,154<br>13,650<br>13,100<br>4,470<br>5,400|-<br>150<br>-<br>-<br>-<br>22,529<br>472<br>-<br>24,028<br>653<br>-<br>-<br>-<br>102<br>-<br>-<br>-|1,905<br>656<br>95,900<br>53,692<br>41,219<br>27,800<br>2,954<br>4,710<br>74,639<br>653<br>7,124<br>944<br>42,154<br>13,752<br>13,100<br>4,470<br>5,400|4,352<br>942<br>93,518<br>8,742<br>36,467<br>17,632<br>3,582<br>3,564<br>83,787<br>1,501<br>7,339<br>797<br>37,375<br>12,902<br>-<br>4,528<br>-|
||341,233|47,934|389,167|312,676|
||**343,138**|**47,934**|**391,072**|**317,028**|
||||**Total**<br>**2024**<br>**£**<br>83,404<br>1,954|**Total**<br>**2023**<br>**£**<br>68,849<br>1,705|
||||85,358|70,554|



## **4 Staff costs** 

Salaries of £20,176 were grant funded (2023 - £22,807). 

The average number of employees during the year were 4 (2023 - 4). 

No PCC members received any remuneration or other benefits from the Minster in employment or other capacity, neither did they receive any reimbursements of travelling or other expenses other than as reported in Note 14. 

19 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

- **5 Comparative Statement of Financial Activities For the year ended 31 December 2023** 

|**Comparative Statement of Financial Activities**<br>**For the year ended 31 December 2023**|||||
|---|---|---|---|---|
|**Incoming resources**<br>Voluntary income<br>Activities for generating funds<br>Income from investments<br>Church activities<br>Other ordinary incoming resources<br>**Resources expended**<br>Fundraising costs<br>Church activities<br>**Net surplus / (deficit)**<br>**Transfers**<br>Gross transfers between funds<br>**Other recognised gains and losses**<br>Investment revaluation gains / (losses)<br>**Net movement in funds**<br>**Reconciliations of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**Unrestricted**<br>**Funds**<br>**£**<br>542,311<br>14,613<br>30,120<br>31,760<br>695|**Restricted**<br>**Funds**<br>**£**<br>38,830<br>-<br>2,461<br>16,622<br>-|**Endowment**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2023**<br>**£**<br>581,141<br>14,613<br>32,581<br>48,382<br>695|
||619,499<br>4,352<br>257,191|57,913<br>-<br>55,485|-<br>-<br>-|677,412<br>4,352<br>312,676|
||261,543|55,485|-|317,028|
||**357,956**<br>-<br>-|**2,428**<br>-<br>-|**-**<br>-<br>8,212|**360,384**<br>-<br>8,212|
||**357,956**<br>46,334|**2,428**<br>121,178|**8,212**<br>86,380|**368,596**<br>253,892|
||**404,290**|**123,606**|**94,592**|**622,488**|



20 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **6 Tangible fixed assets (for use by the PCC)** 

|**7**|**Cost**<br>At 1 January 2024<br>Additions<br>At 31 December 2024<br>**Depreciation**<br>At 1 January 2024<br>Charge for the year<br>At 31 December 2024<br>**Net book value**<br>At 31 December 2023<br>At 31 December 2024<br>**Fixed asset investments**<br>At 1 January<br>Revaluation gain / (loss) in the year<br>At 31 December<br>Represented by<br>Church of England CBF Investment Fund units<br>- Day and Sunday School Fund (1,879 units)<br>- Choir Scholarship Fund (2,103 units)<br>COIF Charities Ethical Investment Fund units:<br>- Battersbee Fund (1,516 units)|**Freehold**<br>**Land and**<br>**Buildings**<br>**£**<br>16,280<br>-|**Church**<br>**Equipment**<br>**£**<br>-<br>23,354|**Freehold**<br>**Land and**<br>**Buildings**<br>**£**<br>16,280<br>23,354|
|---|---|---|---|---|
|||16,280|23,354|39,634|
|||13,691<br>-|-<br>-|13,691<br>-|
|||13,691|-|13,691|
|||2,589|-|2,589|
|||2,589|23,354|25,943|
||||**Total**<br>**2024**<br>**£**<br>94,592<br>2,187|**Total**<br>**2023**<br>**£**<br>86,380<br>8,212|
||||96,779|94,592|
||||43,449<br>48,641<br>4,689|42,477<br>47,552<br>4,563|
||||96,779|94,592|



21 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

## **for the Year Ended 31 December 2024** 

## **8 Debtors** 

|Other debtors<br>Prepayments and accrued income<br>**9**<br>**Short term deposits**<br>Short term deposits|**Total**<br>**2024**<br>**£**<br>25,959<br>41,063|**Total**<br>**2023**<br>**£**<br>26,187<br>10,595|
|---|---|---|
||67,022|36,782|
||**Total**<br>**2024**<br>**£**<br>1,097,304|**Total**<br>**2023**<br>**£**<br>44,048|



Funds not required for day-to-day expenditure are deposited with the Central Board of Finance Church of England deposit fund. 

## **10 Creditors: amounts falling due within one year** 

|Sick and poor fund (note 13)<br>Other creditors and accruals|**Total**<br>**2024**<br>**£**<br>15,857<br>26,118|**Total**<br>**2023**<br>**£**<br>14,983<br>22,009|
|---|---|---|
||41,975|36,992|



## **11 Analysis of net assets by fund** 

|**Analysis of net assets by fund**|||||
|---|---|---|---|---|
|Tangible fixed assets<br>Fixed asset investments<br>Debtors<br>Assets held for sale<br>Short term deposits<br>Cash at bank<br>Creditors: amounts falling due within one year|**Unrestricted**<br>**Funds**<br>**£**<br>25,943<br>-<br>62,444<br>-<br>996,454<br>58,405<br>(41,975)|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>4,578<br>-<br>100,850<br>30,101<br>-|**Endowment**<br>**Funds**<br>**£**<br>-<br>96,779<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2024**<br>**£**<br>25,943<br>96,779<br>67,022<br>-<br>1,097,304<br>88,506<br>(41,975)|
||1,101,271|135,529|96,779|1,333,579|



22 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

## **for the Year Ended 31 December 2024** 

## **11 Analysis of net assets by fund (continued) Comparative information** 

|**Comparative information**<br>Tangible fixed assets<br>Fixed asset investments<br>Debtors<br>Short term deposits<br>Cash at bank<br>Creditors: amounts falling due within one year|**Unrestricted**<br>**Funds**<br>**£**<br>2,589<br>-<br>32,169<br>44,048<br>362,476<br>(36,992)|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>4,613<br>-<br>118,993<br>-|**Endowment**<br>**Funds**<br>**£**<br>-<br>94,592<br>-<br>-<br>-<br>-|**Total**<br>**2023**<br>**£**<br>2,589<br>94,592<br>36,782<br>44,048<br>481,469<br>(36,992)|
|---|---|---|---|---|
||404,290|123,606|94,592|622,488|



## **12 Movement in funds** 

|Unrestricted (general) funds<br>- Croydon Minster<br>- St George's, Waddon<br>Restricted funds<br>- Fabric fund<br>- Day and Sunday School<br>- Choir scholarship<br>- Friends of music<br>- Croydon Sings!<br>- St George's, Waddon<br>Endowment funds<br>- Day and Sunday School<br>- Choir scholarship<br>- Battersbee<br>**Total funds**|**At 1**<br>**January 24**<br>**£**<br>384,686<br>19,604|**Incoming**<br>**Resources**<br>**£**<br>1,020,220<br>27,899|**Resources**<br>**Expended**<br>**£**<br>(310,342)<br>(32,796)|**Transfers**<br>**In / (Out)**<br>**£**<br>(23,000)<br>15,000|**At 31**<br>**December 24**<br>**£**<br>1,071,564<br>29,707|
|---|---|---|---|---|---|
||404,290|1,048,119|(343,138)|(8,000)|1,101,271|
||87,045<br>9,387<br>222<br>1,175<br>-<br>25,777|32,143<br>1,179<br>1,320<br>14,180<br>-<br>3,035|(22,529)<br>(653)<br>(1,421)<br>(23,181)<br>-<br>(150)|-<br>-<br>-<br>8,000<br>-<br>-|96,659<br>9,913<br>121<br>174<br>-<br>28,662|
||123,606|51,857|(47,934)|8,000|135,529|
||42,477<br>47,552<br>4,563|1,089<br>972<br>126|-<br>-<br>-|-<br>-<br>-|43,566<br>48,524<br>4,689|
||94,592|2,187|-|-|96,779|
|||||||
||**622,488**|**1,102,163**|**(391,072)**|**-**|**1,333,579**|



23 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

## **for the Year Ended 31 December 2024** 

|**12 **|**Movement in funds (continued)**<br>**Comparative information**<br>Unrestricted (general) funds<br>- Croydon Minster<br>- St George's, Waddon<br>Restricted funds<br>- Fabric fund<br>- Day and Sunday School<br>- Choir scholarship<br>- Friends of music<br>- Croydon Sings!<br>- St George's, Waddon<br>Endowment funds<br>- Day and Sunday School<br>- Choir scholarship<br>- Battersbee<br>**Total funds**|**At 1**<br>**January 23**<br>**£**<br>28,346<br>17,988|**Incoming**<br>**Resources**<br>**£**<br>589,227<br>30,272|**Resources**<br>**Expended**<br>**£**<br>(232,887)<br>(28,656)|**Transfers**<br>**In / (Out)**<br>**£**<br>-<br>-|**At 31**<br>**December 23**<br>**£**<br>384,686<br>19,604|
|---|---|---|---|---|---|---|
|||46,334|619,499|(261,543)|-|404,290|
|||70,616<br>9,727<br>3,037<br>4,350<br>13,756<br>19,692|29,842<br>1,161<br>1,300<br>16,110<br>1,090<br>8,410|(13,413)<br>(1,501)<br>(4,115)<br>(19,285)<br>(14,846)<br>(2,325)|-<br>-<br>-<br>-<br>-<br>-|87,045<br>9,387<br>222<br>1,175<br>-<br>25,777|
|||121,178|57,913|(55,485)|-|123,606|
|||38,795<br>43,430<br>4,155|3,682<br>4,122<br>408|-<br>-<br>-|-<br>-<br>-|42,477<br>47,552<br>4,563|
|||86,380|8,212|-|-|94,592|
||||||||
|||**253,892**|**685,624**|**(317,028)**|**-**|**622,488**|



## Unrestricted (general) funds 

The financial results of Croydon Minster and its daughter church, St George's, Waddon, are aggregated in these financial statements, but with their separately identifiable unrestricted and restricted fund movements. 

## Fabric fund 

This fund has its origin in the receipt of a regular sum from the Church Tenements charity (charity registration number: 312554) which is given for the ongoing repair and maintenance of the fabric and ornaments of the church building. 

- Day and Sunday School fund (Restricted / Endowment Caroline and Eliza Day Trust and Sunday School Fund) An endowment fund established in the yearly 1900's. Income is received into a restricted (income) fund to be applied for the stated purpose. The capital sum is invested in CBF Investment Fund units, being included in the balance sheet within Fixed Asset Investments. 

## Choir scholarship fund (Restricted / Endowment) 

This fund was established between 30 and 45 years ago to produce income which is received into a restricted income fund to fund choir scholarships and other awards. The capital is invested in CBF investment fund units, and is included in the Balance Sheet within Fixed Asset Investments. 

24 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **12 Movement in funds (cointinued)** 

## Friends of music fund (Restricted) 

This fund supports choral activities in the Minster, notably after school music programmes and major concerts and musical events. 

## Croydon Sings! fund (Restricted) 

This fund relates to a grant received from Cathedral Music Trust for the purpose of appointing a singing development leader (Sophie Garbisu). 

## Battersbee fund (Endowment) 

This fund was established in the early 1900s to produce income available for the general purposes of the PCC. Income is received into the general fund. The capital fund is invested in CBF investment fund units, being included in the Balance Sheet as Fixed Asset Investments. 

## **13 Vicar and Churchwardens' trusts** 

- (i) _Trusts for educational / ecclesiastical purposes_ 

## St Edmund's Charity (charity registration number 3991760) 

The objects of the charity are for the advancement of education of persons resident in the area of benefit who are in financial need and the advancement of religion (including religious education) in the area of benefit in accordance with the doctrines, practices and principles of the Church of England). The trustees use income from the charity's investment portfolio to make grants in accordance with the charity's objectives. In the year to 31 December 2024 the Charity received a grant from St Edmund's Charity of £36,000 (2023 - £29,000). 

## Church Tenements Charity (charity registration number 312554) 

This charity receives rental income 50% of which is for the benefit of the Fabric Fund of Croydon Minster for the upkeep of the fabric of the church.  In 2023 the Minster received £31,943 (2023 - £29,842) from this charity. 

- (ii) _Trusts for the relief of poverty_ 

## The Croydon Almshouses and Relief in Need Charities (charity registration numbers 204963 & 810114) 

Whilst separately registered, these charities are associated by the same Scheme of the Charity Commission (1974). The Elis 

David Almshouses is an independent living, sheltered housing complex for retired residents of Croydon. The Relief in Need Charity makes grants to relieve either generally or individually disadvantaged persons of all ages in Croydon who are in conditions of need, hardship or distress (including ill health). 

## Sick and Poor Fund 

The following provides summary information concerning two capital (endowment) funds established for this purpose, both of which are vested in the Priest-in-Charge, and the income from which is available for disbursement at the Priest-in-Charge's discretion: 

|Endowment capital: (Market values)<br>Caroline and Eliza Day Bounty<br>(Charity Ethical Investment Fund - 9,667.38 income shares)<br>Sarah Ann Huntingford Charity<br>(Charity Ethical Investment Fund - 295.34 income shares)|**2024**<br>**£**<br>29,897<br>913<br>30,810|**2023**<br>**£**<br>29,099<br>899|
|---|---|---|
|||29,998|



25 



**The Parochial Church Council of St John the Baptist, Croydon (Croydon Minster) Notes to the Financial Statements (continued)** 

**for the Year Ended 31 December 2024** 

## **14 Transactions with member of the PCC** 

One member of the PCC (therefore a Trustee) is employed by the charity. Their salary and pension costs amounted to £22,261 (2023 - £21,493). 

## **15 Related party transactions** 

As described in note 13, the charity received donations of £36,000 from St Edmund's Charity (2023 - £29,000) and £31,943 from Church Tenements Charity (2023 - £29,842). Both charities are considered related parties on account of shared trustees. 

26