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 Ir￿UMben1
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 a￿UntantS & statutory audrtor
36 Dene Road
Northwood
M¢ddlesex
HA6 2DA
Structure, govemance and managomont
The Parochial Church Council was elected foll0v￿ng 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 e￿Ie$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 in1ui￿n and 8xpenses rela11r￿ to ￿$111￿j 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 h￿1 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 I￿uranCe
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 ￿nthi￿re 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 w￿8S 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 ch￿lty lor that p8rMJd.
In weparing these flnandal Statem￿ts. Ihe twsloes are requlred to:
seknt suitable accounilrwa FKdicies and I￿rt aFWy ltrom ¢4Thgstenttr,
er4e the methc#ls and ￿n￿￿O$ In tho appl￿ Charmes SORP;
make Il￿m9n1S a￿1 accounting estimates that ar• reasonabl8 and pr￿n1.
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)r￿rn bAsls unlass il is inapproprlate lo presume
that th8 thaflty WMI continue In IyJ51n8SS.
The trust￿$ are responsi1￿e 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 E￿￿lastIcaL Parish
ol Sl Geofge. Headslone lthe 'chariiVI lor Ihé year ended 310ecember 2023 wh￿h comprise the
slalemeni of linanelal aclivthes. statement ot rInar￿al posthon and the related notes. In¢luding a
summary ol significant accounting poli¢i¢$. The financHI report￿￿ framework that has been appiled in
Ihelr preparatlon is appluble law and Uni18d Kin￿knm Accwntiw SiarKlaTds, Including FRS 102 The
Financlal A8POrting Standard appfi¢th In the UK R•pu￿le of Ireland Iunlted Kingdom Generalty
Accepted Accounllr¥J Practicol.
In our oplnkn the flnandal stat8ments:
klV• a true arwj fair vlew ol the state ol fv charitys affalrs as al 31 D¢¢¢mbar 2023 afKI ol ils
Incoming r950UiCos and appllcatbn of mources. IndudlNJ its income and expendlturo, lor tho
year then ended.,
have been propedy wepared kn aKonJance UnSled KIn￿Nn Genoralty AKepted Accounllng
Praolw.,
havo b•on propared In acXordar￿e vlth the roqulrem8nts ol th8 Charltles A¢t 2011.
B*¥li lor oplnlon
W8 eonducled our athlli in accordanGe wilh Inlemational Siandards on A￿lIting (UK) {ISAs IUKII aThJ
appliGabte law. Our responsiljlili9s ufKlor thoso slandards aro lurther describod In the audilorfs
responsSbi1it1gs lor the audll of the financi￿ slalements sectlon ol our r¢wrt. We are IrKlgp8ndent ol
th& charity In accordance wlih tho 8th1¢￿ requirements that are relevant to our audit ol the Ilnanclal
slalemenls In the UK. IncludSng the FRC'S Eth￿al Standard. and ¥￿ have lullilled our other èlhical
fasponslknlllies in accordance wth these requirements. We believ8 thal the a￿lIt evidgnce we have
obtained 15 sufficient and apwoprbale lo provwje a basis lor our opinion.
Con¢lu•lon• rolallng to golng concom
In audillng the IlnancSal siaiom¢nls. we have corKluded that the truslee$' u$8 of the gc4ng t>)ncem
basis ol aC￿ntIng In ihe preparation of the financKql $laloments Is aFpropriale.
Ba8ed on work we have performed. have hjenbliod any n*rlal ur￿ertainl1e8 relating to
events or ￿ndItIonS thal, irkJivKlU￿ty or ¢ollectbV8ty. may ¢asl signilicanl doubt on the charity's ability lo
¢onlinue as a goiro conc•m lor a pe￿d of at least twefve month5 from when the financial stalements
are aulhorfsed lor Issue.
Our responsibilities and Iho reswnsibilities of the trust￿$ r88P8Ct lo golng CO￿Orn 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 exc￿lI0n
In the Ilght ol Ihe knowledge and urKlerstandlng ol the charfiy and ils envlronmenl oblain•J In tho
¢our$8 ol th8 audll, we have r￿1 klenilllod materlal mlsslalemenls In tho Iruslees, raport.
We have nothing to roport In respect ol Ihg lollowlng matt•r8 In rolallon lo whlch the Charilles Act 2011
1oqulr88 u810 report lo y¢)u il, In our oplnlon.,
Ihe inlormal¢on given in tho Iru$tees' report Is Inconsiglenl In any mal8rlal r•$pect the
Ilnanclal $lalements', or
adèquate accounting record8 have not l)een kept., or
the linan¢lal statements are nol In agre8menl wlth the accounlirvj records and returns; or
we have not r8¢6ived all Ihe Inlormatlon and explanaltons we require lor our audh.
Ro8pon8lbllllle• of trustee•
A8 explalned more lully In Iho truslee8' responslbllllles stalemenl. th& trustees are r9$pon￿ble 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 fin￿al 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 h￿Jh level of assurance. is not a guaianl88 Ihal
an audll conducted in accordance *ith ISAS IUKI w￿1 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-com￿lane8 vllth laws aThJ rogulailons. We desSgn
procedures In line with our responslbilhies, 0￿￿1ned abovo, to d￿0¢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$1alements In respect
ol Irregularili•s, in¢ludirwJ fra￿￿. The exlenl lo wthlch our pr(¢￿UreS are capablo of detecting
Irr¢gularfli88. includlr¥J IraLKI Is dot&lod bebw:
We idenlifi8d areas ol laws and regulat￿n$ 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 pol￿186 a￿1 procodures regarding
compliance wllh laws and regvlalion and Temained a￿rt Ihrowhoul our audll lo any impli¢alions ol
non. comFAlance, areas ol hkJhg81 risk ¢I)mmun￿ated to all momt*T8 of the a￿litt•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 i￿lUdeS thè Charltles Act 2011 as
referon¢od above.
We considered areas wh￿h coukj be most Susceptible lo fra￿1 or misstatomenl, which included th8
use ol loijmals aTrJ $usp•ns• accounls and managemonl overr#de controls. i￿( authl work has baen
performed lo ensure ihal those areas have been iesled on a Samp￿ basis.
(J•Ang to the Inherent limilal￿n6 of an audil. Ihoro is an unavoklable risk thal we may not have
dole¢led a malerlal misslalemenl wthin the finan¢ial statements while pgrformirKJ our audil in
accordance with applicabl8 audit standa￿. Irregularilies may involve a colhtslon, lorgery. intentional
omlssions, misrepresentations or ov8rrKle ol inlemal controls. We are nol r8sponslblo lor preventing
r4xFcompliance and cannot be expected to deiecl non-compllance wlth ail laws and regulat￿.
A lurther dgscriplion ol our resFonsibililies is avwlable on the FinarKial Reporting Council's webslie at
www.Irc.org.uklaL¢ditors respons*I￿lI18$. 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>)nUTh￿d)
Year ended 31 December 2023
As part of an au(ffi in accordance *rylh ISAS IUKI. we exercise professional judgment and M￿ntaIn
professional Scep￿￿M 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 Collus￿n. forgery. intentrjnal omissil￿. mi5represenlalions, or the overrKle
ol inlemal ￿ntrOl.
Obtain an underslandiNJ of internal eontml relevant to the a￿JIt in order to design aud
procedures that are apprwlale in the ¢1￿uMstar￿s. txrt not lor wryJos8 of expres$ing an
opiniorb on tho effectiveness of the inlemal contrd.
Evaluate the apFryNialer*ss ol aC£o￿tIng pokxes used armj the reasonableness ol ac£ountirwJ
estimates and relaled disclosures made by ts trustees.
Conclude on the appropriateft￿ of Ihe tr￿Stee5. Use ol the cown Ixsis of accounling
and. based on the al￿11 evidence obt&ne(l. vthether a material uncertainty exists related to
events or cOrKlit￿n$ 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
al￿1t01'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 a￿lit find￿gs, ￿l￿11rwj 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 a￿111 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 pe￿Ittod 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
slat￿Ory Auditor)
For and on ￿hall of
Hardcaslle &Jrton
Chartored a¢cx)untanls & statutory audltor
36 Dene Road
Northwood
Mlddlesex
HA6 2DA
28 o￿obar 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 fu￿1$
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 g￿n5 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
Unrestr￿ted lunts
In4,119
4T34,119
3.683.952
3.683.952
Total charlty fund¥
These financial slat9rnents aryroved by the board of trustees a￿1 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 a￿1 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)r￿￿e 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 fina￿la1 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 COn￿M
Th•r• are no Materi￿ uncertainties aL￿rt 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 tr￿lee$ 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 incr￿jed in Ihe statemenl of financial actiwlies when enlittemenl has
passed lo the charity", if is probable that ts •¢onomic benefrts asswaled I￿1h the transaction wll
flow to the charity aTrd the amount can ￿ rdiably measured. The spgcilk policwJ are
appl*d lo particular categories ol income:
income Irom donations or grants is recognBgJ v&hen there Is eVIde￿e ol entiuemenl lo th•
gift, receipt is probth and tts amount Can be measured reliabty.
gacy I￿orne 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$￿e vdue. Donated Iwlities and services are recognised in the accounts
when received if the value can be rew measured. No am￿nts are ￿￿LKI¢d for the
conlribulion of general volunteers.
Income from contracts for the of servw 1$ recogimsed wilh the delN8ry of thè
contracted seNice. This is classified as Unrestr￿tOd fuThYs unless there i8 a conlractual
requirement for il lo b8 spent on a part￿Ular pxjrpose a￿[ retumed il unsF*nl. in which case
il may be regarded as restrthd.
Expendilure is rewni8ed on an accajals basis as a liablty Expernliture in¢ludes any
VAT wh￿h cannot be lully recover￿, and is classif￿j und¥ headirwJs of the statement ol
ac11vi￿ lo whi¢h ft relates..
expe￿I￿LUre on rwsiThJ funds indude5 the ttjsts of all I￿￿1r￿sIng acllvltles, events. noTr
chafltthe trading adivities. arNJ the sale of (h)naled
expenditure on charitth actI￿tres inGhyJes &1 costs inctwred by a charfty in vThJerlakiTrJ
activTties that lurlher its GharilaLle aims for the benefft ol its benef￿larieS, 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 eXp￿thire 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 i￿LUdeS 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 Unrestr￿18￿ Total Funds
Furnts
Funds
2022
I1￿0m• from non.Investmenl Fvoperty
In lurtherance of the charit￿6 objects
119.968
119,968
110,655
110.655
Oth8rlrndlng actlvlti
Unrestr1￿8d 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 dona￿n$ aThl ￿g8ClOS. Donallon8
250
250
Unrethcted
Fur￿$
R8strtted Told Funds
FurKIs
2022
Costs of raising donations and legac￿. Oonotk
21J)
400
EXp￿dIt￿n 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
GoV￿nanCe 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 9xpendi￿rt
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 D9￿mbOr 2023
Impalrmont
At 1 J•nu•ry 2023 and 31 December 2023
C4rrylng omount
At 31 Dec8mb•r 2023
1,287￿34
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 Ex￿￿11t￿re
Unrestricted Fund
3.860,761
183.087
(174.4691 {185,427) 3.683,952
-17-