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2024-12-31-accounts

St Peter's, Notting Hill

Report and Accounts Year ended 31 December 2024

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Members of the Parochial Church Council

Ex Officio Members

Incumbent and chairman Patrick Allerton
Church Wardens Alexandra Gillum (from 19th May 2024)
William Hortman (from 20th October 2024)
William Josten (until 31st August 2024)
Rupinder Kailey (until 19th May 2024)
Re/Elected Members
Betty Campbell Bernhard Ramseyer
Kevin Edwards Alexandra Rogers
Matthew O'Regan Andrew Simmons
The following individuals were elected as members of the PCC in 2024
William Clarke Fransien Mensen
William Hortman Lianne Turner
The following individuals resigned as members of the PCC in 2024
Michelle Brissett William Hortman Thomas Pepper-Charles
Katharine Dryer Sophia Larkum
Christopher East Alvin Ng
Custodian Trustees The London Diocesan Fund
Charity Registration Number 1133807
Principal Address 59a Portobello Road
London
W11 3DB
Independent Examiner Sarah Crispin ACA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers Unity Trust Bank plc
Four Brindleyplace
Birmingham
B1 2JB
Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-16
Detailed Statement of Financial Activities with Comparatives 17

Page 1

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

Objects of the charity

The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish, namely St Peter's Church, Kensington Park Road, London, W11 2PN.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

2024 was yet another busy year for us as a church. We continued to see many people join the church even as we said goodbye to some.

Our 10.30am service went from strength to strength, getting well over 100 adults and 15-20 children on average per Sunday by the end of the year. We took the decision in the autumn to stop our evening service as it was just putting too much stress on our small team and we strategically felt it was wise to focus our energies on the morning service.

Family ministry boomed in 2024. We welcomed a number of new families and children to the church. Kirsty set up a weekly fellowship and Bible study group for mums. A monthly stroller social in Kensington Gardens continued - a great way to build friendship and deepen bonds. Kayliana does a fantastic job overseeing the whole ministry, with a wonderful team of volunteers.

Kayliana also launched a monthly youth group to minister to our two teenagers who attend. There are big hopes for this in 2025!

The year started with another fantastic weekend away at the end of January when around 80 of went away for brilliant Bible teaching, time with God and worship, and lots of fun together.

Easter was once again a very busy time for the church, with a wonderful walk of witness down the Portobello Road on Good Friday. But it was our Christmas services that stole the Show! Around 700 people attended our outdoor carol service this year, the vast majority of which don’t normally come to our church. Then almost 350 attended our carols by candlelight service which was a stunning triumph.

Another real highlight from the year was ‘Banquet’ - around 115 of us stayed behind after Sunday morning church for a three course home-cooked meal on long banqueting tables! It was a fantastic time.

We began another season of partnering with Glass Door homeless charity, seeing many volunteers get involved both from within and outside of the church. It’s a wonderful thing to do.

Alpha ran twice in the year, seeing a number of people come to faith, go deeper in their faith, and take the next step on their journey. Alongside this, life groups continued to run on Tuesday nights, focusing on Bible study, prayer, and deepening friendships.

Page 2

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. Members are elected at the Annual Parochial Church Meeting (APCM) to fill vacancies.

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent.

Financial review

General funds:

General income increased by £32,700, due to an increase of income from donations and trading activities. General expenditure increased by £35,200 and funds were also transferred to a designated fund, when combined this resulted in a net increase of £33,000 in general funds fund at the end of the year. The fund balance was £164,700 at year end (2023: £131,700).

Restricted funds:

Restricted fund balances increased by £14,000 in the year, due to an increase in donations. The fund balance was £24,100 at year end (2023: £10,100).

Designated funds:

The fixed asset fund balance reduced to £88,700 during the year due to the depreciation of assets.

Total funds:

Overall, total income increased by £49,200. Total expenditure increased by £27,000 compared to the previous year, due to increased expenditure of general, designated and restricted funds. Combined, total fund balances increased by £10,100 to £296,700.

Reserves policy

The PCC have determined that the charity should aim to hold unrestricted, general funds of about 3 months' of unrestricted expenditure (£94,700) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted general funds of £164,700 which is greater than the target level.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The PCC review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks. The PCC consider different categories of risk, namely risks related to financial, regulatory, statutory, safeguarding, legal and operational matters.

Page 3

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024

Other matters

With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The last quinquennial inspection was held in 2021; Having reviewed its findings, the members of the PCC have determined that some work may be required in due course; the redevelopment fund may be used to carry out some works.

Plans for the future

In 2025 we will have our annual weekend away at the end of January, which is a great way to start the year. We will be welcoming Zac to the team who will be taking on the role of CAP Debt Centre Manager and Outreach Worker. It is our continued hope that we will be able to have an Associate Vicar joining St Peter’s.

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that

the charity will continue in operation.

The PCC is 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 statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.

Approval

This report was approved by the PCC and signed on their behalf by:

Pat Allerton

_______ Pat Allerton (May 13, 2025 10:48 GMT+1) Reverend Patrick Allerton

Date: May 13, 2025

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 6 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 8-10.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

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

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

Sarah Crispin

Sarah Crispin (May 13, 2025 17:03 GMT+1)

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 13, 2025

Page 5

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
252,772
77,899
43,527
762
374,960
378,823
378,823
-
(3,863)
-
(3,863)
(3,863)
276,543
272,681		 Restricted
Funds
£
17,865
-
-
-
17,865
3,905
3,905
-
13,960
-
13,960
13,960
10,094
24,054		 Total
Funds
2024
£
270,637
77,899
43,527
762
392,825
382,728
382,728
-
10,097
-
10,097
10,097
286,637
296,735		 Total
Funds
2023
£
233,636
76,720
33,232
-
343,587
355,725
355,725
-
(12,138)
-
(12,138)
(12,138)
298,776
286,637

The accounts include rounding differences of up to £1.

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 8-16 form part of these accounts.

Page 6

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
after more than one year
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
88,690
88,690
20,395
195,866
216,261
(32,270)
183,990
272,681
-
272,681
164,691
107,990
272,681
-
272,681		 Restricted
Funds
£
-
-
-
24,054
24,054
-
24,054
24,054
-
24,054
-
-
-
24,054
24,054		 Total
Funds
2024
£
88,690
88,690
20,395
219,920
240,315
(32,270)
208,044
296,735
-
296,735
164,691
107,990
272,681
24,054
296,735		 Total
Funds
2023
£
124,106
124,106
12,611
258,145
270,757
(108,225)
162,532
286,637
-
286,637
131,678
144,866
276,543
10,094
286,637

The accounts include rounding differences of up to £1.

The financial statements were approved by the members of the PCC and were signed on its behalf by:

Pat Allerton

Pat Allerton (May 13, 2025 10:48 GMT+1)

______ Reverend Patrick Allerton

Date: May 13, 2025

Charity number: 1133807

The notes on page 8-16 form part of these accounts.

Page 7

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Statutory Information

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements

b) Income

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities, particularly church services. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from other trading activities represents income from church lettings which are not related to the objects of the charity.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from Fees retained by PCC for weddings and funerals, Fees for courses, groups and events, and church lettings for charitable purposes.

Other income includes income generated by the charity's assets and comprises bank interest.

Page 8

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

e) Tangible fixed assets Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 9

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

i) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

k) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

l) Critical accounting estimates and areas of judgement

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

ations and legacies
Donations of cash or similar
Income tax recoverable
Legacies
Government grants (note 3b)
Donations in kind (note 3a)
ations in kind comprise:
Donated facilities		 Unrestricted
£
200,388
36,633
-
2,252
13,500
252,772		 Restricted
£
15,000
2,500
-
365
-
17,865		 2024
£
215,388
39,133
-
2,617
13,500
270,637
2024
£
13,500
13,500		 2023
£
184,991
31,185
2,000
1,960
13,500
233,636
2023
£
13,500
13,500

a Donations in kind comprise:

Donated facilities comprise of office space that that has been made available rent-free where parish staff are based.

b Government grants comprise:

Listed Places of Worship grants
me from charitable activities
Fees retained by PCC (weddings, funerals etc)
Fees for courses, groups and events
Church lettings
r trading activities
Church lettings (non-charitable objectives)		 Unrestricted
£
2,252
2,252
Unrestricted
£
434
20,868
56,597
77,899
Unrestricted
£
43,527
43,527		 Restricted
£
365
365
Restricted
£
-
-
-
-
Restricted
£
-
-		 2024
£
2,617
2,617
2024
£
434
20,868
56,597
77,899
2024
£
43,527
43,527		 2023
£
1,960
1,960
2023
£
1,826
24,578
50,316
76,720
2023
£
33,232
33,232

4 Income from charitable activities

5 Other trading activities

Page 10

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6 Charitable expenditure

Unrestricted
Restricted
£
£
a
Costs incurred directly on specific activities
Ministry expenses:
Parish share
91,300
-
Ministry staff costs
49,472
-
Clergy expenses
1,149
-
Church services and activities
34,593
-
Mission Giving and Donations (note 6c)
33,783
-
210,297
-
Property expenses:
Operational costs for church
42,723
3,905
Major repairs and renewals to church
-
-
Donations in kind expensed (note 3a)
13,500
-
Property staff costs
18,050
-
Operational costs of clergy accommodation
1,463
-
75,735
3,905
286,032
3,905
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
2,400
-
2,400
-
Support staff costs
39,716
-
Staff training, development and recruitment
1,302
-
Printing, postage and stationery
1,677
-
Bank charges and fundraising cost
887
-
Professional fees
685
-
Licences and Subscriptions
2,486
-
Depreciation of tangible fixed assets
35,415
-
Insurance
8,222
-
92,790
-
Total expenditure
378,823
3,905
The fee payable to the independent examiner for examining the accounts was £2,400 (2023: £2,340).		 2024
£
91,300
49,472
1,149
34,593
33,783
210,297
46,628
-
13,500
18,050
1,463
79,640
289,937
2,400
2,400
39,716
1,302
1,677
887
685
2,486
35,415
8,222
92,790
382,728		 2023
£
87,775
29,469
702
33,222
19,350
170,517
39,392
22,582
13,500
20,676
357
96,506
267,023
2,340
2,340
37,266
581
1,353
744
412
2,438
35,415
8,153
88,702
355,725

Staff costs include charges from St Peter's Hall (1991) Charity during the year.

The parish share contribution was paid as follows: directly to the Diocese of London £Nil (2023: £7,684) to the Diocese via the Church of England Evangelical Council £91,300 (2023: £80,091).

c Mission Giving and Donations

Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission		 Institutions
£
18,796
18,796
Institutions
£
8,350
8,350		 Individuals
£
14,987
14,987
Individuals
£
11,000
11,000		 2024
£
33,783
33,783
2023
£
19,350
19,350

Page 11

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Diocese of London
Glass Door
Help the Persecuted
Tearfund
Grants to institutions for less than £1,000 each		 2024
£
1,500
2,431
14,865
-
-
18,796		 2023
£
1,500
-
3,750
3,000
100
8,350

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

lysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs		 2024
£
111,681
682
3,064
115,427		 2023
£
91,029
1,257
2,240
94,526

Staff costs include £8,190 (2023: £7,114) charged to St Peter's Hall (1991) Charity during the year.

Staff costs include £30,572 (2023: £38,100) charged from St Peter's Hall (1991) Charity during the year.

The average monthly number of employees during the year was 6 (2023: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

P Allerton (a clergy member of the PCC) receives a stipend from the Diocese and so is not an employee. P Allerton is provided with accommodation (which is customary for clergy). Some of the Parish Share is used to help meet the stipendiary costs and clergy housing. Additional costs of the accommodation to the PCC are disclosed in note 6 'Charitable expenditure'. The charity also reimbursed expenses to P Allerton; these costs are disclosed under the heading 'Clergy expenses'.

P Allerton (a clergy member of the PCC) is considered to be key management. During the year key management received employment benefits totalling £Nil (2023: £Nil).

No member of the PCC received employment benefits in either the current or preceding year.

8 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Fixtures,
fittings and
equipment
£
177,077
-
177,077
52,971
35,415
88,386
88,690
124,106		 Total
2024
£
177,077
-
177,077
52,971
35,415
88,386
88,690
124,106

Page 12

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9 Debtors

Falling due within one year:
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
h at Bank and in Hand
Cash at bank with immediate access
Cash (in hand)
itors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals
Deferred income		 2024
£
1,344
402
-
18,648
20,395
2024
£
219,341
579
219,920
2024
£
7,337
6,681
4,996
13,256
32,270		 2023
£
351
787
180
11,293
12,611
2023
£
257,282
864
258,145
2023
£
4,968
3,970
89,249
10,038
108,225

10 Cash at Bank and in Hand

11 Creditors: liabilities falling due within one year

Accruals include the 2023 Parish Share paid to the Diocese via the Church of England Evangelical Council £Nil (2023: £80,091) which was paid in February 2024.

12 Deferred income

Deferred income comprises the following:

Within one year
After one year
Balance at the beginning of the reporting period
Amount deferred in year
Balance at the end of the reporting period
Amount released to income
The income deferred at the period end will be released to income over the following periods:		 2024
£
10,038
(10,038)
13,256
13,256
13,256
-
13,256		 2023
£
14,531
(14,531)
10,038
10,038
10,038
-
10,038

The balance at the beginning of the reporting period includes lettings income received in advance £2,548 (2023: £2,566). The balance at the beginning of the reporting period includes income from event tickets received in advance £7,490 (2023: The balance at the end of the reporting period includes income from lettings received in advance £3,457 (2023: £2,548). The balance at the end of the reporting period includes income from event tickets received in advance £9,799 (2023: £7,490).

13 Pension commitments

During the year employer’s pension contributions totalling £3,064 (2023: £2,240) were payable to defined contribution personal pension schemes. Pension contributions were owing at the balance sheet date £2,091 (2023: £754).

Page 13

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Redevelopment fund
Charitable giving fund
Fixed asset fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Façade Restoration
Church Restoration
Social media fund
Other restricted funds
Aggregate of funds		 Opening
balance
2024
£
10,300
10,461
124,106
144,866
131,677
276,543
5,802
4,292
-
10,094
286,637		 Incoming
resources
2024
£
-
-
-
374,960
374,960
365
-
12,500
5,000
17,865
392,825		 Outgoing
resources
2024
£
-
(10,461)
(35,415)
(45,876)
(332,947)
(378,823)
(2,190)
(460)
-
(1,255)
(3,905)
(382,728)		 Transfers
in the year
2024
£
-
9,000
-
9,000
(9,000)
-
-
-
-
-
-
-		 Closing
balance
2024
£
10,300
9,000
88,690
107,990
164,691
272,681
3,977
3,832
12,500
3,745
24,054
296,735

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

lysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
88,690
20,395
-
176,566
19,300
(32,270)
-
164,691
107,990
Unrestricted Funds		 Restricted
funds
£
-
-
24,054
-
24,054		 2024
£
88,690
20,395
219,920
(32,270)
296,735

Page 14

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Redevelopment fund
Charitable giving fund
Fixed asset fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Façade Restoration
Church Restoration
Aggregate of funds		 Opening
balance
2023
£
10,300
159,522
169,822
97,597
267,419
6,357
25,000
31,357
298,776		 Incoming
resources
2023
£
-
-
-
342,269
342,269
1,319
-
1,319
343,587		 Outgoing
resources
2023
£
-
(35,415)
(35,415)
(297,728)
(333,144)
(1,874)
(20,708)
(22,582)
(355,725)		 Transfers
in the year
2023
£
-
10,461
-
10,461
(10,461)
-
-
-
-
-		 Closing
balance
2023
£
10,300
10,461
124,106
144,866
131,677
276,543
5,802
4,292
10,094
286,637

The transfers referred to above were made for the following reasons:

a) to increase the amount ring fenced for this purpose.

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
124,106
12,611
-
227,291
20,760
(108,225)
-
131,678
144,866
Unrestricted Funds		 Restricted
funds
£
-
-
10,094
-
10,094		 2023
£
124,106
12,611
258,145
(108,225)
286,637

Designated funds

Redevelopment Fund : this was created from legacies which have been set aside for future capital works on the church in the coming years.

Charitable giving Fund : this was created to set aside additional funds for future mission giving.

Fixed Asset Fund : this was created for equipment purchases to be depreciated in the coming years.

Restricted funds

Façade Restoration Fund : this was created from donations received to restore the church façade. From time to time transfers are made from unrestricted funds to this restricted fund so as to increase the amount ring fenced for this purpose.

Church Restoration Fund : this was created from legacies received for future capital works on the church in the coming years. Social Media Fund : this was created from donations received to invest in social media.

Other Restricted Funds: this was created from donations received to invest in a new sound desk and specific employment costs.

Page 15

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

No expenses (2023: £Nil) were paid to, or for, non-clergy members of the PCC.

During the year the charity, the following transactions took place between the charity and St Peter's Hall (1991) Charity. Members of the PCC, P Allerton, A Gillum, W Josten, and R Kailey also acted as trustees of St Peter's Hall (1991) Charity.

At the balance sheet date the charity was owed £Nil (2023: £Nil) from St Peter's Hall (1991) Charity.

During the year the charity, the following transactions took place between the charity and the Custodian Trustee. a) paid £1,500 (2023: £1,500) to The London Diocesan Fund for donations.

Page 16

The Parochial Church Council of the Ecclesiastical Parish of St Peter, Notting Hill

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Other
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2024
2024
£
£
252,772
-
77,899
-
43,527
-
762
-
374,960
-
332,947
45,876
-
332,947
45,876
-
-
42,013
(45,876)
(9,000)
9,000
33,013
(36,876)
33,013
(36,876)
131,678
144,866
164,691
107,990
Unrestricted funds		 Restricted
2024
£
17,865
-
-
-
17,865
3,905
3,905
-
13,960
-
13,960
13,960
10,094
24,054		 Total
2024
£
270,637
77,899
43,527
762
392,825
382,728
-
382,728
-
10,097
-
10,097
10,097
286,638
296,735		 General
Designated
2023
2023
£
£
232,317
-
76,720
-
33,232
-
-
-
342,269
-
297,728
35,415
-
-
297,728
35,415
-
-
44,541
(35,415)
(10,461)
10,461
34,080
(24,954)
34,080
(24,954)
97,598
169,822
131,678
144,866
Unrestricted funds		 Restricted
2023
£
1,319
-
-
-
1,319
22,582
-
22,582
-
(21,263)
-
(21,263)
(21,263)
31,357
10,094		 Total
2023
£
233,636
76,720
33,232
-
343,587
355,725
-
355,725
-
(12,138)
-
(12,138)
(12,138)
298,776
286,638

The accounts include rounding differences of up to £1.

Page 17