CHARifY REGISTRATION NUMBER: 1133931 The Parochial Church Councll of the Ecclesiaslical Parish of St George, Headstone Financlal Statements 31 December 2023 Chartered accountants & statutory auditor 36 Dene Road Northwood Middlesex HA6 2DA
The Parochial Church Council of Ihe Eccleslastical Parish of St George, Headstone FInancI Statements Year ended 31 Decembor 2023 Page Trustees, annual report Independent audilofs report to the members Statement of financial actNities Statement of financial posttion Notes to the financial statements 10 11
The Parochial Church Councll of the Ecclesiastical Parish of St George, Headstone Trustses, Annual Report Year ended 31 December 2023 The Iruslees present their report and the linancial slalemenls ol the ¢harity for the year ended 31 December 2023. Referen¢8 and admlnlstratfve detalls Reglstered charlty name The Parochial Church Councll of th& Eccl¢siasllcaS Parish ol St George, Headstone Charlty rgglstratlon number 1133931 Prfn¢lpal offlce The trustees Flev S Keeble IrUMben1 Mrs F E Lewis Churchwarden aThJ Deanery Synod Mr D Bashokal Ms S Davis Mr M Dilukshan Mr R Eaglg Ms R Ford Mr R Gunaratnam Mrs W Humphries Mr A Lewis Mr J Malcolm Mrs M Priesl Mrs P Simmons IRelired 6 January 20231 Audltor Hardcasilg Burton Chartered aUntantS & statutory audrtor 36 Dene Road Northwood M¢ddlesex HA6 2DA Structure, govemance and managomont The Parochial Church Council was elected foll0vng Church Represenlallon Rules at the Annual Parochlal Church Mgeling. The number elected is dependent upon the number ol names on the Church's EleGloral Roll, lo which 1 members of the congregatlon are encouraged to apply. The InGumbenl. Church Wardens who are elected at the meeting ol the Parishioners which immediately precedes Ihg APCM. Deanery Synod representatives are eleoled lor a three year term are all ex officio members ol Ihe PCC. Offkers for the year folknwng the APCM are electod at a PCC meeting immediately following the APCM. Obleetlvè$ and a¢tlvltlgS Mlsslon Statement To promolg and slrenglhen the mission ot the Church wllhing the eIe$l&stiCal parlsh of St.George Headstone.
The Parochial Church Council of the Ecclesiastical Parish of St George. Headstone Trustees. Annual Report i¢•K Year ended 31 December 2023 hlevements and p•rformance The Surplus ol Income over Expendtture amounled lo £50,167 lor year ended 31st Do¢•nbor 2023. Howev8r, il the Unreallsed G&n of £74.625 on invesknents is not taken into account il would have been a dellol of £24,458. Common Fund conmtrwilon of £77.ofKJ was made for th8 as per our full quota. Inveslmonl income of £38.860 were genoraied frtyn the Investment FurKls managed by Sarasin & Partnors. This was In fin8 with expectalions. Th8 Co]lI0ft$ were down 9% on prior year. The Donali¢Jns which In¢ludwJ a £5,000 lega¢y from the eslale of th8 Late Mary Bennett ¢ame lo £35.299. Tho Increas8 in the Hall Income Is lusi a rellec1K ol Ihe hW8r Sorvko ¢argoS. Desplle Ihe hwdhor in1uin and 8xpenses rela11r to $111j miThslers necessitated by tho intefregnum the ¢osts ol activities rdallno to th• church aThJ Hall went up k$$ than 8%. Nevertheless, more than £SO,000 was spent on major renovalion lo the h1 11c and ryrs to th6 church promises. It 1$ the PCC'S vl6w Ihal al Church w8mi8es we adequalety ¢ovored for risks by our cwrenl IuranCe polky. A reassessm8nl wll be made after all tho rewrs and refurbi8hments are completed. 11 you have any querles, ploaso give them In wrlung lo Robert Eagle or Flo Lewts arKI I shall rospond. Roshan Gunaralnam Treasurer Flnanclal vgvlow The surplus ol IrKome over nthire amwnled lo £50.167. 12022 del.. £177,030). Reserves were £3,734,118,12022.'£3.683.9521. DNidend$ of £38,680, 12022:£38,4141 were recelved from the Invesim8nt Funds managed by Sarasin & Pafln•rs. This was in line wilh exp•¢tations.The valuo of investments rose Ihls year by £74,611 10 £1,387,534). 1118 the PCC'S vlow that all Church premls88 are adequatety Covered for risks by our current Insuranco pollcy. Tru#t•è#' rn8pon8lblllll•s stst•m•nt The Iruslees are resFX*nsth for ryeparKw the trustO9s' report and the fNTrancial statements In accordance with applicable arKI Uniled lfjrwom k¢ounlirvJ Standards (United Ifjwm Generally Accepted AccountiNJ PraGitt).
The Parochial Church Council of the Ecclesiastical Parlsh of St George, Headstone Trustees. Annual Report (C4w) Year ended 31 December 2023 Th• law applicable to charibes in ETrJlarnl and w8S rw4uires the chanty trustee5 to pr•par• flnand slalemenls lor each year whtch gwe a true latr wew of the state ol allars ol the charity and ol Ihe incoming resources and applicalion ol f830urc8s. ol the chlty lor that p8rMJd. In weparing these flnandal Statemts. Ihe twsloes are requlred to: seknt suitable accounilrwa FKdicies and Irt aFWy ltrom ¢4Thgstenttr, er4e the methc#ls and nO$ In tho appl Charmes SORP; make Ilm9n1S a1 accounting estimates that ar• reasonabl8 and prn1. slate whether appllcable UK Attountlng Slarnlar(ts have bg8n folkwled. sutlecl to any matèrlal departure8 disdosed explainod in the linancial slalemenls; yepare the Ilnanclal statements M the golr¥J Ix)rrn bAsls unlass il is inapproprlate lo presume that th8 thaflty WMI continue In IyJ51n8SS. The trust$ are responsi1e lor koeF4rwJ adequale accountiw records that are sufficienl to show and explain the charilys transactions and disdoso wllh reasonab accuracy at any lime the flnarKlal position ol the chaty and enable Ihem to onsure that Ihe linancial slalements comply thè Charities Act 2011, the Charitie5 (A¢¢wnls and R•portsl Regulations, and the provl$ion$ ol the Trust Deed. They are also responsible lor SafegUardtr the assets ol the charfty and hènco lor laklng reasonable 8t8P8 lor the prevenllon dgi&tK>n ol fraud and other IrreguLarltle8. Th8 Iru$leo$' annual roP)rt wa8 appro¥•d on 28 Octobgr 2024 aThJ slgnod on bahall of the board ol Iruslees by.. Mr M Ollukshan Twsleo
The Parochlal Church Council of the Ecclesiastical Parish of St George. Headstone Independenl Audltor's Report lo the Members of The Parochlal Church Councll of the Ecclesiastical Parish of Sl George Headslone Year ended 31 December 2023 Oplnlon We have audilwj the finarKlai statements of The Parorlial Church Cwn¢ll ol the ElastIcaL Parish ol Sl Geofge. Headslone lthe 'chariiVI lor Ihé year ended 310ecember 2023 whh comprise the slalemeni of linanelal aclivthes. statement ot rInaral posthon and the related notes. In¢luding a summary ol significant accounting poli¢i¢$. The financHI report framework that has been appiled in Ihelr preparatlon is appluble law and Uni18d Kinknm Accwntiw SiarKlaTds, Including FRS 102 The Financlal A8POrting Standard appfi¢th In the UK R•pule of Ireland Iunlted Kingdom Generalty Accepted Accounllr¥J Practicol. In our oplnkn the flnandal stat8ments: klV• a true arwj fair vlew ol the state ol fv charitys affalrs as al 31 D¢¢¢mbar 2023 afKI ol ils Incoming r950UiCos and appllcatbn of mources. IndudlNJ its income and expendlturo, lor tho year then ended., have been propedy wepared kn aKonJance UnSled KInNn Genoralty AKepted Accounllng Praolw., havo b•on propared In acXordare vlth the roqulrem8nts ol th8 Charltles A¢t 2011. B¥li lor oplnlon W8 eonducled our athlli in accordanGe wilh Inlemational Siandards on AlIting (UK) {ISAs IUKII aThJ appliGabte law. Our responsiljlili9s ufKlor thoso slandards aro lurther describod In the audilorfs responsSbi1it1gs lor the audll of the financi slalements sectlon ol our r¢wrt. We are IrKlgp8ndent ol th& charity In accordance wlih tho 8th1¢ requirements that are relevant to our audit ol the Ilnanclal slalemenls In the UK. IncludSng the FRC'S Ethal Standard. and ¥ have lullilled our other èlhical fasponslknlllies in accordance wth these requirements. We believ8 thal the alIt evidgnce we have obtained 15 sufficient and apwoprbale lo provwje a basis lor our opinion. Con¢lu•lon• rolallng to golng concom In audillng the IlnancSal siaiom¢nls. we have corKluded that the truslee$' u$8 of the gc4ng t>)ncem basis ol aCntIng In ihe preparation of the financKql $laloments Is aFpropriale. Ba8ed on work we have performed. have hjenbliod any n*rlal urertainl1e8 relating to events or ndItIonS thal, irkJivKlUty or ¢ollectbV8ty. may ¢asl signilicanl doubt on the charity's ability lo ¢onlinue as a goiro conc•m lor a ped of at least twefve month5 from when the financial stalements are aulhorfsed lor Issue. Our responsibilities and Iho reswnsibilities of the trust$ r88P8Ct lo golng COOrn aro d8scrfbed In the relevant sections ol trus rep)rL
The Parochial Church Council of the Ecclesiastical Parlsh of St George, Headstone Independent Audllor's Report to the Members of The Parochlal Church Councll of the Ecclesiaslical Parlsh of Sl George, Headstono (conlln Year ended 31 December 2023 Olh•r Infomiatlon The olher Inlomiatlon comprises the informatlon Included In the annual report. other than the finan¢lal 81alemenls and our auditor's report Ihereon. The Iruslees are responsible lor the other Information. Our oplnlon on the financial slalemenls does not cover the other information and, gxcepl lo the exlenl olherwlse expli¢illy slated In our report, we do not express any form ol assurancg ¢oncluslon Ihereon. In connection with our aLtdll of the financLql slalemenls. our respon8folllly 18 to read tho other Information and, in doing so, consider wholher the other Informallon is matorlally inconsislgnl wllh the Ilnancial slalemenls or our knowledge oblalned In the audll or olhgrwi$& appears lo be materially mlsslaled. 11 we Identity such material Inconslslencles or apparent malerfal mi$$lalemenls, wo are required lo d¢igrming whethar there Is a material mi5slatomonl in the flnancial slalemonl8 or a malerlal mlsslalemenl ol the olher InloTmallon.11, based on the work wo have perfomied, w9 ¢onclude that there Is a malerlal mlsslalomenl ol th1$ oihor Intomlatlon. we are requlred lo report that lael. Wa have nothlno lo report In th[8 regard. Matlorn on whl¢h wo ar• r•qulr•d to TOPOrt by exclI0n In the Ilght ol Ihe knowledge and urKlerstandlng ol the charfiy and ils envlronmenl oblain•J In tho ¢our$8 ol th8 audll, we have r1 klenilllod materlal mlsslalemenls In tho Iruslees, raport. We have nothing to roport In respect ol Ihg lollowlng matt•r8 In rolallon lo whlch the Charilles Act 2011 1oqulr88 u810 report lo y¢)u il, In our oplnlon., Ihe inlormal¢on given in tho Iru$tees' report Is Inconsiglenl In any mal8rlal r•$pect the Ilnanclal $lalements', or adèquate accounting record8 have not l)een kept., or the linan¢lal statements are nol In agre8menl wlth the accounlirvj records and returns; or we have not r8¢6ived all Ihe Inlormatlon and explanaltons we require lor our audh. Ro8pon8lbllllle• of trustee• A8 explalned more lully In Iho truslee8' responslbllllles stalemenl. th& trustees are r9$ponble lor the preparation ol the Ilnancial slalemenls and lor being satisfied that Ihgy glve a true and lalr vlew, and lor such Internal control as Ihe liust888 dgtormine Is necessary to enable the preparation of Ilnanclal slalements thal are freo from malerlal misslalement, whether due to Iraud or error. In prwaring the Ilnancld 8kt6monls, the Irusle•s are ro8ponslbbe lor as59ssing the chariV$ abllity lo continue as a going concern, disclosing. as applkablè, matters related lo going Concern and using the golng cone•rn basis ol accounllng unless Ihe Irusiees either intend to liquldat• the charlty or lo Gease operations, or havo no roallsllc alternative but to do so.
The Parochial Church Council of the Ecclesiastical Parish of St George, Headstone Independent Auditor's Report to the Members ot The Parochlal Church Councll of the Ecclesiastical Parlsh ol St George. Headstone (eonlhiuodl Year ended 31 Docember 2023 Audltorfs re8ponslbiiiil•s lor th• audll of the Ilnanclal statements Our objecuves are lo oblain reasonth assurarte abrArt whether th8 final stalements as a vtho are free from Materi misslalemenl, whelhèr lo Iraud or error, and lo issue an audiior's report Ihal In¢ludes our oplnion. Reasonaue assurance is a hJh level of assurance. is not a guaianl88 Ihal an audll conducted in accordance ith ISAS IUKI w1 aklvays delect a material missialemenl when it exlsls. Misstatements ¢an arise from fraud erw ano are cor¢tiJ•r8d malerid sf, individually or In Ihe aggregate, Ihoy could r•asonabty b• •xpecled to Inlluence the onom dedslons ol users lak8n on the basss ot these Ilnancid statements. Irregularilles, Includityj fraud, are instance5 01 nOn-comlane8 vllth laws aThJ rogulailons. We desSgn procedures In line with our responslbilhies, 01ned abovo, to d0¢1 material misstalemgnl$ in respecl ol ifregulariiles, in¢ludlrvJ Iraud. The exienl lo our pfocedur8s are capable ol dgle¢llng Irr•gulariltes, includiThJ fraud Is doiai18d b•h)w: Irregularlttes, Includlng fraud. are iWanc•$ of norrfompliance wilh laws arKI regulallons. We dgslon pro¢8dures in line %wlh our resFonsitslitigs, 0ullin above. lo delect material mi8$1alements In respect ol Irregularili•s, in¢ludirwJ fra. The exlenl lo wthlch our pr(¢UreS are capablo of detecting Irr¢gularfli88. includlr¥J IraLKI Is dot&lod bebw: We idenlifi8d areas ol laws and regulatn$ thai coukj reasonaw b& exFrfted lo havo a malarial effocl on th• financial slalements lor charitat40 enlib'es opgrating wilhin thi5 so¢lor, through our own experSence as wo11 as through dis¢usslon wlth managèment and those charged wth gov8rnance and Inspecllon ol regulalory arKI legal ¢orr•spondence. We wewe(I pol186 a1 procodures regarding compliance wllh laws and regvlalion and Temained art Ihrowhoul our audll lo any impli¢alions ol non. comFAlance, areas ol hkJhg81 risk ¢I)mmunated to all momtT8 of the alitt•aM. The charitable entity is sutiect to laws aThJ r8gulationg drecdy affacting Ihe fhancFal stal•menls Including financial reporling legl$lalion and laxalion 18gl$lation whl¢h we asse5s0d compliance wth a$ part ol our revlew ol related linanryal slatemenl items. This ilUdeS thè Charltles Act 2011 as referon¢od above. We considered areas whh coukj be most Susceptible lo fra1 or misstatomenl, which included th8 use ol loijmals aTrJ $usp•ns• accounls and managemonl overr#de controls. i( authl work has baen performed lo ensure ihal those areas have been iesled on a Samp basis. (J•Ang to the Inherent limilaln6 of an audil. Ihoro is an unavoklable risk thal we may not have dole¢led a malerlal misslalemenl wthin the finan¢ial statements while pgrformirKJ our audil in accordance with applicabl8 audit standa. Irregularilies may involve a colhtslon, lorgery. intentional omlssions, misrepresentations or ov8rrKle ol inlemal controls. We are nol r8sponslblo lor preventing r4xFcompliance and cannot be expected to deiecl non-compllance wlth ail laws and regulat. A lurther dgscriplion ol our resFonsibililies is avwlable on the FinarKial Reporting Council's webslie at www.Irc.org.uklaL¢ditors respons*IlI18$. Tlws d85NiPtK>n loms part ol our audilo¢s rgp)rL
The Parochial Church Council of the Ecclesiastical Parlsh of St George. Headstone Independent Auditor's Report to the Members of The Parochlal Church Council ol Ihe E¢clesSastlcal Parish ot Sl George, Headstone {4>)nUThd) Year ended 31 December 2023 As part of an au(ffi in accordance rylh ISAS IUKI. we exercise professional judgment and MntaIn professional ScepM l(gh(Mrt the aLKlil. We tho: Identify and assess the risks ol malerial misstatemenl ol the financial slatemenls. whether duè lo fraud or error. design and perfom) audit proGedures responsive lo those risks. and obtain audil evidence that is sulficienl arKI aFpropriate to wovide a basis lor Our opinion. The risk ol nol deleclirwJ a mateiiJ mi5Statemenl resulling from fraud is hKJher than for one resultiry from error, as fraud may invofve Collusn. forgery. intentrjnal omissil. mi5represenlalions, or the overrKle ol inlemal ntrOl. Obtain an underslandiNJ of internal eontml relevant to the aJIt in order to design aud procedures that are apprwlale in the ¢1uMstars. txrt not lor wryJos8 of expres$ing an opiniorb on tho effectiveness of the inlemal contrd. Evaluate the apFryNialerss ol aC£otIng pokxes used armj the reasonableness ol ac£ountirwJ estimates and relaled disclosures made by ts trustees. Conclude on the appropriateft of Ihe trStee5. Use ol the cown Ixsis of accounling and. based on the al11 evidence obt&ne(l. vthether a material uncertainty exists related to events or cOrKlitn$ that may cast s*Jnifth)t thubl on the charitys ability lo continue as a going concem. 11 we conclude that a material uncertanty exists. we are required lo draw attention in our al1t01'S rep)rt lo the related discbsures in Ihe financi statements or, M such disdosures ar8 inadequate. lo modrfy our opinion. Our condusM)ns are based on the evidence obtained up lo the dale ol our auditor's r6FOrt. However, fu1u events or condffjons may cause tho charity lo cèase to eontinue as a g(yThJ concem. Evaluate the overall presentation. Strlth aNI content of the financial statements, including Ihe disdosuies, and vthether the financial slatemenls reFYeseni the undeflwng transactbjns arn 8vents in a manner Ihat achigves lair presentalh)n.
The Parochial Church Council of the Ecclesiaslical Parish ol St George, Headstone Independent Audllor's Report lo the Members of The Parochial Church Councll of the Eccleslastlcal Parish of St George, Headstone (¢ Year ended 31 Decembor 2023 We communicalg wlh Ihose Charged 7Aith govemaTKe regarding. among other matters, the plann swpe and liming ol the audit and sbJnilicanl alit findgs, l11rwj any shJnlli¢anl deficienues In Inlwnal ¢onlrol that we identity duritvj our aurf U•e of our TOPOrt This report is made soldy 10 the charivs members. a5 a body. kn aceordance wlih $8¢tlon 144 of the Charltles Act 2011 and regulations made under s9cli 154 01 Ihai kl. Our a111 WO has been undortak•n so that we mlghl slate lo the charivs members those matters w8 are required lo stale lo them in an aLvJilorfs report ar lor other Purpose. To Ihe lullesl axlent peIttod by law, we do not accept or assume r95ponsibillty lo anyone olhef than Iho ¢harity and lh8 chantys members as a bo(ty, lor our aLMIrt work, lor Ihis rowrt. or for we have lornie MTS M J Anthony BA, FCA. DChA (Senior slatOry Auditor) For and on hall of Hardcaslle &Jrton Chartored a¢cx)untanls & statutory audltor 36 Dene Road Northwood Mlddlesex HA6 2DA 28 oobar 2024
The Parochlal Church Council of the Ecclesiastical Parish of St George, Headstone siaiement of Finanelal Activilies Year ended 31 December 2023 2023 UnreslTiGted lunds Totsl funds Total fu1$ 2022 Income and endowrnents Donations and legacies Charitable a¢livilies Other Irading activiti8$ Investment income 45,494 119,968 183 113.305 278,950 45,494 119.968 183 113,305 278,950 34,144 110,655 74 38,414 Total Income 183,287 Expendlture Expenditure on raising lund5'. Costs ol raising donations and legacigs Expenditure on charitable activities Other expendiiur8 Totsl expendllure 250 191.893 36.640 400 170.372 4.118 174,890 9,10 11 191,893 36,640 22&783 228.783 Net losses on investments 12 1185,42n Net In¢omellexpendlture) and not movement In funds 50,167 50,167 1177.0301 Reconcllialion of fund$ Total funds brought forward Total lunds carrled forward 3,683,952 9,734.119 3,683,952 3,n4,119 3,860,982 3,683,952 Thè Statement of financial activities includes all gn5 and los$e$ recognisgd in the year. All income and expenditure derive from Gonlinuing aclivilies. Tho notes on Pa9 11 to 17 fomi part of th Iln•nclAI st•t¢mènls.
The Parochial Church Council of the Ecclesiastieal Parish of St George, Headstone Stslement of Flnanelal Posltlon 31 December 2023 2022 Flxod ass•ts Tanglble fixed assets Investments 16 17 2J26,015 2,331,841 1J87,534 1,312,923 &n1549 3.644,764 Currenl assets Debtors Cash at bank and In hatNI 18 69,973 24,977 94,950 13,834 59,721 Credltor$." amounts lalllng due wlthln y•ar 19 39.151 55.762 39.188 3.683,952 Totsl ass0ts1oss ¢urront Ilabllllles 3,734,119 3.TJ4,119 3,683,952 Funds of the charfty Unrestrted lunts In4,119 4T34,119 3.683.952 3.683.952 Total charlty fund¥ These financial slat9rnents aryroved by the board of trustees a1 authorised for issue on 28 October 2024, arKI are svjned on behall ol the tA)ard ty. Mr M Dlukshan Trustee io-
The Parochlal Church Council of the Ecclesiastical Parlsh of St George, Headstone Noles to the Flnancial Statemenls Year ended 31 December 2023 General irrfonnation Tht charsty Is a benefft entity a1 a registered charity in England and Wales and is co4)orated. The address ol the principal oiftt is Pinner Harrow, HA14RJ. I Statemenl ot compllon¢e These linarKial statements have been wepared in compliance FRS 101 Filw{al Reporting Standard applKabJe in Ihe UK and the RepUbr ol Irelanrf. the Stalemenl ol Recommended PrnGtiGe appli¢able to charib¢S preparing Iheir accounts in accordance with the Financial ReFQrting Stsndard ar1)re in the UK and Flepublic of Ireland {FRS 1021 (Charibes SORP IFRS 1021) Ihe Chariw Act 2011. & Accountlng pollctes Basls of preparatlon The linarrial statements have been Prepar on the lystorul cost basls. as mothfied by the revalualion of certain finala1 assets and lithTht and investmont propertie5 measured at fail value through itKome or expeThJilure. The fInar0 stalernents are prepared in stwlrb3 wlM¢h is the furthinal enty of the entity. Golng COnM Th•r• are no Materi uncertainties aLrt the charitys abilty to conlinue. Fund a¢¢ountlng Unrtstricted funds ar8 available for use at Ihe ¢screlion of the trustees to lurthgT any of the charivs purposes. Des*3naled lurbts are Unrestrict IwKls •ami&ked by the trlee$ tor partrular fLrtur6 projecl or commitmenL Restricted funds are subjecl8d to restricboTh8 on th•ir expendSture declared by the donor or through the terms of an appeal. aNI lall into one ol Iwo subdasses.. restricled in¢ome funds or erKlowment funds. 11
The Parochial Church Council of the Ecclesiastlcal Parish of St George, Headstone Notes to Ihe Flnanclal Statements (¢Mth Year ended 31 December 2023 Aeeountlng pollcles I¢• Incomlng resources All Incomi resources are incrjed in Ihe statemenl of financial actiwlies when enlittemenl has passed lo the charity", if is probable that ts •¢onomic benefrts asswaled I1h the transaction wll flow to the charity aTrd the amount can rdiably measured. The spgcilk policwJ are appld lo particular categories ol income: income Irom donations or grants is recognBgJ v&hen there Is eVIdee ol entiuemenl lo th• gift, receipt is probth and tts amount Can be measured reliabty. gacy Iorne is recc¥Jnised ¥th¢n receipt is probatAg arKI entrtlement is eslablished. income Irom donated gocth is measured at the l&r vafue of the goods unless this is impractKal lo measure refithy, in wthich case the value is tjerived from the cost lo donor or the eslimaled re$e vdue. Donated Iwlities and services are recognised in the accounts when received if the value can be rew measured. No amnts are LKI¢d for the conlribulion of general volunteers. Income from contracts for the of servw 1$ recogimsed wilh the delN8ry of thè contracted seNice. This is classified as UnrestrtOd fuThYs unless there i8 a conlractual requirement for il lo b8 spent on a partUlar pxjrpose a[ retumed il unsFnl. in which case il may be regarded as restrthd. Expendilure is rewni8ed on an accajals basis as a liablty Expernliture in¢ludes any VAT whh cannot be lully recover, and is classifj und¥ headirwJs of the statement ol ac11vi lo whi¢h ft relates.. expeILUre on rwsiThJ funds indude5 the ttjsts of all I1rsIng acllvltles, events. noTr chafltthe trading adivities. arNJ the sale of (h)naled expenditure on charitth actItres inGhyJes &1 costs inctwred by a charfty in vThJerlakiTrJ activTties that lurlher its GharilaLle aims for the benefft ol its beneflarieS, induding those support costs and costs relatiry to the govern of the ¢harity apportitined to charitablg acliwties. other expenditure indudes all expenditure that neither related to raising fun¢ts for the charity nor part of ils expendilure on charilable acbwlw. I costs are dlocated lo eXpthire calew*s reftectiNJ the use of the resource. Oired costs attributable lo a single actNrty are alk)cated direcuy to that actrvity. Shared costs are apportloned between the aclNilies Ihey ¢ontiibLrte to on a reasonable. iuslifiable and consistent bask8. Tanglble as8els All fixed assets are initialty recorded al cosL Dopvg¢latlon Depreciation is cakulaled so as to write off Ihe $1 or vduallon of an asset. less its residual vabje, over the useful eccffK>mic li18 ol that asset as follm: 12-
The Parochlal Church Council of the Ecclesiastical Parlsh of St George, Headslone Notes to Iho Financlal Stslements (¢MlhNMdl Year ended 31 December 2023 Accountlng pollcles (¢onllnued) Investments Unllsled equlty Investments are initially recorded al cost, and subs8quentty measured at lalr value. If lair value Gannol be reliably rneasured, assets are measured at cost less impairment. Listed inveslmgnts aro measured al fair value wilh thanges in fair value being recognised in income or expendilure. Impalrment ot fixed assets A review lor indicators of impaimient is carrled oul al each reporling date, the recoverable amount being estimated where such Indlcalors exist. Where the callytng value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also revlewed lor possible reversal al each reporting date. For Ihe purF¥)ses of Impairment i¢Sting, when it is not possible to estimate Ihe recoverable amount of an irKlividual asset, an estimate Is made ol the recoverable amount ol the cash- generating unit lo which the asset belongs. The cash-generaling unil Is the smallest Idenliliable group of assets that iLUdeS the asset and generales cash inflows that largely irKlependent of thè ¢ash inliows Irorn othèr assets or groups ot assets. For impairment testing of goothlll, the goodwill acquired in a business combination Is, from the acquisition dale. allocated to ea¢h ol the cash-generating units thal are expected to ben8fil from the synergies of the combination, irrespeclive of whether other assets or liabilities ol the charity are ass*Jned lo thosg units. Donallons and gael•S Unre5tri¢ted Funds Restricted Total Funds Funds 2023 Donatlons Collections Fees arKI donatlons 10,195 35,299 45,494 10.195 35,299 4S,494 Unr85tri¢led Funds Restitled Total Funds FurKIs 2022 Donatlons Collections Fees and donations 11.079 22,865 11,079 23,065 34.144 200 13-
The Parochial Church Council of the Ecclesiastical Parlsh of St George, Headstone Notes to Ihe Flnanclal Statements Year ended 31 December 2023 Chadtable actmtl UnTostrtI Total Funds Unrestr18 Total Funds Furnts Funds 2022 I10m• from non.Investmenl Fvoperty In lurtherance of the charit6 objects 119.968 119,968 110,655 110.655 Oth8rlrndlng actlvlti Unrestr18d Totsl Funds Unrestrtlod Total Funds Funds FurKIs 2022 Church fundralsirwj 74 74 Inv••lment Incom• Unresirlcied Total Fund• UNe8trlcled Total Fund8 Funds 2023 FuThJ$ 2022 Incomo from Ilslod inveslments 113,305 113.30S 38.414 38,414 Co•1• ol r•l•lng don•tloM •nd l•g•cl•• Lknrestrklgd R08trkled Totsl Fund• Funds FurKI Costs of ralslng donan$ aThl g8ClOS. Donallon8 250 250 Unrethcted Fur$ R8strtted Told Funds FurKIs 2022 Costs of raising donations and legac. Oonotk 21J) 400 EXpdItn on ¢harltabl• •ctl¥ftl•• by fund typ• Unr¢strkled Totsl Funds Unrestri¢led Total Fund8 FuThJ$ Funds 2022 Church actiw'ties Renial acllvbt SupFQrt $ts 149.981 29,857 12,055 191.893 149.981 142.640 20,855 6.877 170,372 142.640 20,855 6.877 170,372 12.055 191,893 14-
The Parochial Church Councll of the Ecclesiaslical Parish of St George, Headstone Notes to the Flnancial Statemenls (¢ottthiu8d) Year ended 31 December 2023 10. Expondliui• on eharltable aetlvllles by actlvlty type Activities undertaken direcuy Support costs Totsl funds 2023 Totsl lund 2022 Church aclivilie8 Rental a¢llMtles GoVnanCe cosls 149,981 29,857 10.165 160,146 29,857 1,890 191,893 147,717 20,855 1,800 1,890 12,055 179,838 170.372 11. Othgr 9xpendirt Unre$lricled Funds Fle51rioled Totsl Funds Funds 2023 Major hall repairs and eqvipmenl purchases 36,640 36,640 Unrestricted Funds Restricted Total Funds Funds 2022 Major hall repalrs and equlpment purchases 3.897 221 4,118 12. Net losses on Investments Unrestricted Totsl Funds Unrestrtcled Total Funds Funds 2023 Funds 2022 Gainslllossesl on Itsted investments 1185,42n 1185,4271 13. Net Incomel(expendlturel Net incomellexpendilurel is staled after chargin(CreditirOl. 2023 2022 Dgpr8¢iaiion of tangible tixed assets 5,826 5,826 1& Audltors remuneratlon 15. Trustse remuneratlon and expgnsos No remunefalion or other benefits from employment wllh tho charity or a relalgd entity were recoived by the trustees No trusloo expenses have been Incurred. 15-
The Parochial Church Council of the Eccleslastlcal Parlsh of St George, Headstone Notes to Ihe Flnancial Slalements (¢ontlnuod) Year ended 31 December 2023 16. T•nglble Ilxed •8get8 Land and bulldings Equlpment Total C081 At 1 January 2023 and 31 Do¢•mb•r 2023 D•preclatlon Al 1 January 2023 Charge lor the year At 31 Decembgr 2023 2.260,601 116,515 2,371,116 45,275 5.826 51,101 45275 5,826 51,101 Carrylng amount At 31 December 2023 2.260,601 65,414 2,326,015 2,331,841 Ai 31 Dgcembor 2022 2,260,601 71,240 17. Inv••lm•nt• Llsted Investment$ Co•t or valuatlon At 1 January 2023 Addition$ Dlsposals Falr value movement8 1,312,923 (14) 74,625 1,387,534 At 31 D9mbOr 2023 Impalrmont At 1 J•nu•ry 2023 and 31 December 2023 C4rrylng omount At 31 Dec8mb•r 2023 1,28734 1,312,923 Al 31 Decembor 2022 Ail investments shown aly)ve are held al valuallon. 1& Debtor• 2023 2022 Prepayments and a¢¢rued income 45,887 69,973 19. Credltorm: amounts lalllng duo vilthln on• ymr 2023 2022 Accwals and deferred Income 39,151 55,762 16-
The Parochial Church Council of the Ecclesiastical Parlsh of St George. Headstone Notes to the Financlal Statements Year ended 31 December 2023 20. Anatysls ot Charllable lunds Unrestrlcted funds 1 January 202 Gains and 31 Oeeember sses 2023 Unrestricbj Fund 3,683,952 278. {228.7831 3,734,119 At Gains and31 December losses 2022 1 Jawary 2W Irthme Ex11tre Unrestricted Fund 3.860,761 183.087 (174.4691 {185,427) 3.683,952 -17-