CHARrrY REGISTRATK)N NUMBER: 1133931 The Parochlal Church Councll of the Eccleslastlcal Parish of St George, Headstone Financlal Statements 31 December 2024 RT Chartered accountants & statutory audltor 36 Dene Road Northwood Middlesex HA6 2DA
The Parochial Church Council of the Eccleslastical Parish of St George, Headstone Flnanelal Slatements Year ended 31 Decemljer 2024 Page Trustees, annual report Independent auditofs report to the members Statement of financial activitses Statement of financial posilion 10 Notes to the financial statements 11
Tho Parochlal Church Council of the Ecclesiastlcal Parish of St George, Headstone Trustees. Annual Report Year ended 31 December 2024 The Iru5tees present their Rport and fv fftnancil statemgnls of the ¢harty for the year endJ 31 December 2024. Roference arKI admlnlstTatlve deto11s Regl8tered charlty name The Parochlal Church crlI of the Ecclesiastical Parish of Sl George. Headstone Charfty reglstrntlon number 1133931 Prlncipal offl The tru8te¢s Mrs F E Lews Chur¢hwarden and Deanery Synod Mr D Bash¢Jkal Ms S Davis Mr M Dilukshan Mr R Eagte Ms R Ford Mr R Gunaralnam Mr A Lews Mr J Makolm Mrs M Priest Mrs P Simmons Audltor Hardcastle Burton Chartered accountants & slalutory audltor 36 Deno Road NorthwoTrJ Middlesex HA6 20A stnre• governance and management The Po¢hial Chur¢h Councn was elect followlng Church R8pr8sèntatlon Rules al the Anwal Parochial Church Mooting. The number 91gCted is d6pendent upon the number of names on the Churth'5 Electoral Roll. lo which all members of the congregation are en¢ouraggd to apply. Thg In¢umbent. Church Ward•rts who ar8 el¥cted at the m¢•iing of th• Parishioners whlch Immediatsly precedes the APCM. Deanery Synod representatives are elected lor a three year term a all ex officio members of the PCC. Officers lor the year following the APCM are elected at a PCC m8eling Immediately follong the APCM. ObJoct1v and actlvltles Mlsslon Statamonl To promote and strenglhen the mlsslon ol the Church wllhlng the eccleslasllcal padsh ol St.Georgo Headstone.
The Parochial Church Councll of the Eccleslastlcal Parlsh of St George. Headstone Trustees. Annual Report Year ended 31 Dttember 2024 In th¢ year ended 2024. the expefftlilure in ex¢8s$ of 1me amounted lo £91,119. How8v&r. vAlhoul trle unreall gn adjustment of £119,635 li woukl have been a d8ficil of over Twenty-Eighl Ihousand pounds. Alihough the investments brought in an inix)me ot over Foty-one thousaThJ, the value of tho Investment lunds are lust a snap shot as at the day of vu10n and Can bo subject&J lo s19n1ran1 variattons. Last month aione saw the stod( mathet flucttth by more than 10% over a matter of a tew days. Th8 IrKome from Sigwar(tshiFthethions by more than 10%, Althol th8 ¢ontrbutbns made trough SteWah> d8dined. q)en cthcl11 d(xthd to more than compensate for the loss. The net Income generated from the prnpeth b8knTh3iTh3 10 th• chur¢h dedlned slh3htly as a result ol a dwase in the donalvjns mwje for use of church for recordirwJ music. The PCC fulfilled its wmmitment to pay £77.000 as its Crmrrb)n FuThJ ¢onlrknthn for ts year erKled 2024. The MW repair ¢osts incurred rolated to th8 thurch r(n roof. amcwMiNJ lo £32.480. 11 is the PCC'S iiew tw all church wemises are iwatdy COred for risks our Current insurance p)Iky. If you have any querie5. Flease gwe them in k> of the Warden% and we shal resporKI. Roshan Gunaralnam Treasurer The surplu$ of Income over ExpeTrthJre amThmtod to £91,119. {2tr23: £50.167). Reserves wore £3.825,237.12023£3,734,1181. DivKJends of £41.304, {2023£J8.680) ere roceNed from ts Investnth Furvjs managed by Sarasln & Partners. This was in line 7lth eywithrs.Th8 vak of investrnents rose this ygar by £119,635 to £1.477.1691. It Is the PCCS ¢W that dl Church wemises ar? adtyuatety cover&d for risk8 by our current Insurance y.
The Parochlal Church Councll of the Eccleslastical Parish of St George, Headstone Trustees. Annual Report Year ended 31 December 2024 Tru8tee8' rn8pon8lblllttos statement The trUee$ ar• responsibl8 for weparirrfj fv trte¢s. rewrt arJ the finatK?al slalements in accordance wilh awicable Lqw and Unrted Inkn7 A¢¢ountirwJ Starthrds (United Klrotsn Generally Aw)led AccounliNJ PraCte). The law applicable lo chariknes in Eroland aTrY Wales requires the charity truslees lo prepare financial statements for each year whth gNe a Iwe ar¥J fwr View of the state of affairs of the chlty and of the incoming resources arby aprAtcation of resources, of tho thwity for ttHt pe[K. In preparing these Ilnancial statements. the tte8S arg rwyed to: select suilable actounting )deS a1 then aFWy th8m consistenuy, ObSen the mothcJ$ in the 8wScatrAe <illIeS SORP: make I1gMentS and acc4)urfw estimates that are reasonthe ar prudent., state wthether aFfAicable UK A£eountiNJ Stalards have been follAd. subject to any matei departures disclos1 and exp1wnl the ffinarK4I ststements: prepare ts ffinancial $latements on the IxrKern baw urdess11 Is Inapprowlate to presume that the ¢harity will continue in siness. The Iruslees are responsitAe for kwxThJ adequate acc(wntiry rOrdS thal are Suffioent to and explain the chariV$ transact3 and discthe with reasonth ao)Jracy al any time financiat p)sition of the tharity and enat4e them to ensu that ffinarlal statements comply wilh tho Charilies Act 2011, the applicable charli IAc¢ounts Reports) Regulaions. and the proS1onS of the Tnjst Deed. They arn also resFM)nst4e for safeguarding the assets ol the charity and hen¢8 for taking aSOnable step5 for the wevenlion aThJ deteclion of fraud and other Irregubarities. The tTuslees' annud Wds akyo¥&J on 18 W 2025 a1 signed on Lthall ol th& ly)ard ol Irustees by: Mr M Dilukshan Trustee
The Parochial Church Councll of the Ecclesiastical Parlsh of St George, Headstone Independenl Audltor's Report to the Members of The Parochlal Church Councll ol tha Eccloslastlcal Parlsh of St George. Headstone Year ended 31 December 2024 Oplnlon We have audiled the financid 5talements of Parhla1 Chufch Coun¢ll ol ts E¢¢lgsiaslical Parish of Si George, Headstone (the 'charity) for the yoar erKled 31 Decembgr 2024 whl¢h eomF¥lse the statement ol finanthal 1vib¢S. Staiomont of finanL?al Kxlllon and the related notes. includirvJ a summary ol signrfnI accounting po]icies. The finwKial reporting Iram6vDrf( that has been applied in Ildi preparation is law and United lfjngdom Accounllng StarKlards. IludIng FRS 102 The Flnancial ReportirvJ Staard aWicaNe in th9 UK and ol Irela1 Iunltod Klngdom Generally Accepted Accounliry Practlce). In our oplnlon the finandal statem6nts: glve a true and fair view of tho state ol attwrs as at 31 Docamber 21y24 and ol its Incomlng resources 8rkatknn of re£lre•s. Its Iame and oxpornlllure, lor the ar then ervjed., have been prop8rty w•pal in Kconlance Unlted KlryNIDm Genoraly Accept•Y Accountlng Practlce; have be preparad In accorda w6th th? rnquyements of the char68 Act 2011. BA¥ lor oplnlon We Conduded our 8udtt In accorda Intematbnal Slandards on Audltlng {UKI IISAS IUKII arKI applicable law. Our resyJnslbIle8 urKJer ihoso Standards are furthor doscrib8d In Ihe audllorf8 respons11lItIeS lor audit ol the Ilnanclal slalements seclNM ol our reFrf)rt. We are IrKlependanl ol the ¢hadty In ac¢ordanca vAlh the elhtal r&]ulrements that are relovant lo our audll ol the financ siaioments In the UK, induding the FRC'S Eihul Siartlard, arwj we havo fulflued our other elhlcal respolbIlItIeS In accordance wlth these requiremonts. We believe that ts audil OV[doA we havo ¢)bialned Is sullldent and appIale lo provlde a basis for our oplnlon. Con¢lu•lon• rnlatlng io golng concom In audlllNJ the Ilnan¢lal sialements, * have ¢ondthknl thal Iho trusto8s' use of conearn bosls of accounllng in wepAratth of thg flnartw statements Is aw)rowiata. Based on the work we have portornied, halw not Idenufted ary malertal uncertalntss r8latlng lo evenis or cond((ions thai, IndNidually or collocliv8ty, may ¢asi signrficant doubt on Ihe ¢harftls ablllty 10 Ybllnue as a going concgm lor a perlod ol al leasi months from wlwi the finarK1 stalemtsnts are authorisod lor issue. Our r0sponsibllrt arwj th8 reSpOn?Abilrt of tho trustees lih rw8Ct to going concern are desc00 In the relovant se10n$ ol lh report.
The Parochial Church Council of the Ecclesiastical Parish of St George, Headstone Independent Auditor's Report to the Members of The Parochlal Church Council of the Eccleslastlcal Parfgh of St George. Headstone (¢oniirtl) Year ended 31 December 2024 other Inlornmllon The otsr Infom)ation the inf{Tha fjnd in ts anrnl rewL othor than ffinandal stat¢ments arKI our auditorfs report thereon. The trustees are responwble for the other information. I1r opinion on the final statements does not cover Ihe Other inforniation and, except lo the extent other¥e explhity slated in ow report. we do rM)t express any fomi of assura nClUSion thereon. In connection with our afit of ts finaThial statements. wr respo1 to read the other infom)ation and, in doiNJ $0. consder thgthor trÈ otsr inforrnation is matoridly in¢onsi$tenl wilh the nancial slalements or our knowiedge obtar1 in the audit or oth8nwse appEa to be malerialty misslated. It we Kjentfy such material irthngslerKies or appartt material misstatements. we are uired lo detemiine whether there is a matefid mi8slatement in the financld statements or a materlai missiatement of the other 1rfft)atiOn. 11. bastrj on the hamp perlormed, we ¢ondude that there is a material misstatement of thL8 other iifomatk)n. are requlred lo reFM)rt that fact. We have nolhlng lo re in tris wartl. Matters on whkh we ave wulred to rewl by excepllon In th8 light of the and underSt1j of Ihe charity arKI its environment oblned in the course of the aLMIIt, we have not Klentifiod matorid mtsstatemwts in tho tsu$1$, report. We have nolhiTrJ to reFQrt in respect of the folloiTrJ matters in relat to tthlch the Chariiies Acl 2011 r4uires us to report to yw if. in our opinion: the informal)n illven in the trustees. rewt 15 Ki any material respect tr finla1 stalernents; or adequate acntirj records ha} not been W. or firtar0 statements are rKA in aeemrt Tmth the a1n11J records arKI returns. or ¥ have not rKeived all ts inforniatsn exnalIl$ we rawl fty our authl. Re8ponslbllltlos ol trustO08 As explained more lulty in the Iwslees. re5Wlf1es ststemenL the trustees are reswnybk for the eparation of the ffinarKial smomonts aiKI for beiwJ salisffi that they gNe a tru• and fair ¢W. ar for such inlemal control as the Iruslees delermine is rtecessary to enable the preparation ol financial staiements that are free from material rnlate twhether fraud or err¢Y. In preparirvJ the financial ststements, Ihe tntsiees arn re5Wnsb for aSSeSj the charitls abilty to continue as a going ncern, thsdosir¥J, as atWKatAe. matters related lo goiry concem and usirKJ the going eon¢8m basis ol accountirrfJ UeSS the Iwslees either interKI to f4uhJate tre charrty or lo cease opan$. or have Th) realistic allematlve tArt to Ib so.
The Parochial Church Council of the Ecclesiastical Parish of St George, Headstone Independent Audltorfs Report to the Members ol The Parochlal Church Councll ol the Eccleslasll¢al Parlsh of St George. Headstone Year ended 31 December 2024 dltorf• responslblUtl•• for th• audlt ol the Ilnlnclal •tat•m Our Objecti are to cthin reasonth assurarte at#)ul vthethor tho IlnarKlal statsmenl$ a whol8 are Iree from materfal mlsstat6m•ni, whethér du8 lo fraud or &rTor, and io Issue an audhor's report that ItxlLhJes our opinion. Reasonable assurance Is a hh of assurance. Ixrt is nol a guarantee that an audlt cndUCt8 In accordance V•ilh ISAS {UK) 7h411 afrways delect a maigrial missiaioment when11 oxlsis. Misstalements can arise from fraud or error and are consldered maleiial il, iThJNiduaily or In tho aggregate, they could reasonably t¢ exj to Infiuen¢o th8 oconomic d&¢lsions ol users taken on the basls of these Ilnanclal SLltements. Irregularhies, IrKluding Iraud, are inslantss of rwi<oMpliarO with IM ar¥J regulations. We dtsslgn procdure5 In line wth our responsibilities, outtingd al$ve. lo detect material misstatements in respect of irregularlties, includlryJ Iraud. The extant to whlch our procethr85 ara capabl8 of detecting Irregularities. IndudlTrJ Iraud18 detd bek)¥r. Irregularities, Indudlng fraud. are Insiances ol n<0ManCe wilh laws and regulatlons. We design proc•Jur8s In Ilne our fesponstililies. ou11 at#)v6. to dete mOrIal mlsstalemonts In respect of Irregularliles, including fraud. The exlgnl lo wlh our procedum are eapth ol dotectlng Irregularflth, IndudlNJ fraud h detaitod bekrw. We Idenllfled areas ol lavS and regulatio that reasfy)aW bg expedgd to have a malerl off¢ct on tho ffinanclal stsiements lor charliablo ent6tlos OPgTalirvJ lihin thi5 SOCtor, through our own oxperfence as well as through dlscusslon Wbth rnanagemenl and those charggd wllh govemanGe and inspocilon ol r9gulalory and leg correspondgnco. We re¥¥d wlicth arKI pro¢•dur•$ rogardlng ¢ompllan¢e vAth laws and regulation and rematswj alert throughout our audll lo any Impllcailon$ ol non. comlance. lth aroas of hhest communIcal b 411 membgrn of the a111 taam. The ¢harilable entlty Is SW to laws ar&1 rogulatbns dlrocty affectiNJ the flnandal $latemen18 In¢lLhJlThJ Ilnanod reportity legislalk>n and laxaib)n logislation vthkh we assessed complianco as part ol our revlew of related financlal statement items. TNS irKlud8s the Chadtles Act 2011 88 rofererKod above. We conslderad areas whKh could t¢ most susceptlble lo fraLKI or mlsstsiemanl. which included the use of joumals aThJ suspense accounts arKI managemoni overridg controls. audil wort( has been rtormed to ensuro that th080 areas havo boon tested on a Sample basls. I)n9 to inherent Ilmitallons of an authL Ihtre 18 an una%ry)Idth T thai wo may not have dot¢¢led a Materi mlsslalement ¥thIn ts financial slatemenls whlle performlrw our audm In a¢¢ordance vAth aPpIable au(t slandard8. Irregularitigs may Irwofve a collusion. lor99ry, interbuonal omissions, mlsrepresentatlons or overrth ol Inlemal cmtrob. We are rnt re4)Qn$le lor preventsng non¢ompliance arKI cannot be expected to detect rnn-COm with all laws ar#J regulatior. A luther d&s¢riplion of our responsibilibes is availatd8 on thg Fina Reporhry Council'8 w8b8ile al VAW.fr¢.org.ukJaudftors reSponS118$. Thls descrption tom)$ part of our a(Klito¢s roport.
The Parochial Church Council ol the Eccleslastlcal Parish of St George, Headstone Independent Audltor's Report to the Members of The Parochlal Church Coun¢ll of tho E¢¢lesiastical Parlsh of St George. Headstone (LwthMd) Year ended 31 Docember 2024 As part of an audit in accordaru Wblh ISAS (UK). 7A gxor¢i%e wofossw)nal Irnent malntain ofesswd s¢15m througtrwjut the alL We also: Identify and assess the iisks of merial misskiement of the financid slalemenls. whether due lo fraud or error, design arthj pertomi atklll wocedures reswnsive to those risks. and obtain audr( evhkrKe thai is suffKient armj appwiate to wovKIg a bays for (MJr cpiniort. The risk ol not delecting a materid misstatement resullirwJ Irom fra1 is htgher than for one resulting from error, as fraud may involve colluwon. forgery, irbientional omwns, misrepresenlalions. or thg ovfrrrlde of internd corrtTOI. i))tain an understarmjing ol intemal control relevant lo the in order to deswJn aurfrt procedures that are appropriate in the circumstaw, Ixrt lor puw of expressing an opinion on eftectiveness of ts intemal ntrOl. Evaluale ts aEyoyialeness of a¢cwnliThJ 1¢$ us&J aj the reasonable$$ of aUnting estimatès and relatwj isdosures byth8 trustees. Condude on the akixoyirw of the tnkstees. use of ts grrfJ CoeM basls of unting and, based the audit evkJence oithned. whelh8r a Materi urtttsnty exists related lo ovonts or corKlitions that may cast swjnrfurt dtyJbt on the charitys abilty to conlirwo as a golng em. 11 we Conc1je that a material uncertanty exists. we are wuired lo draw attention in our auditor's report to the rdated disclosures in final statements or. rf such disck)sures a inadequate, to mc*JWy our Lwnion. Our c4)nclusions are based on the audlt evhyence obtained up to the date of our aLhlltorfs rq)ort. However. lulure elts or cctt may cause Ihe charity 10 cease to continue as a going concem. Evaluate the overall presentaliin. structure and o)nlent of the Itnancial S&eMents, irlUding the disdosufes. and v&tthr the financial statements rewesent tho undert>ryng transactions and evenls in a manrnr that achieves lair wesenlalion.
The Parochial Church Councll of the Eccleslastlcal Parlsh ol Sl George, Headstone Independent Audltor's Report to the Members of The Parochial Church Councll of the Eccleslastlcal Parlsh of Sl George, Headslone Year ended 31 December 2024 W• eommunKalg with those charged with govemanc• regarding. amoftg other matters, the planned scope and limino of the audll and slgnlllcanl audit liThlings, Includlng any significant deflclenGles In intemal Control that we Identify duri[ our audlt. Uso ol our rnport Th1$ report 1$ made solely to the chartys mambers, as a body. in a¢¢ordance wlth 88ctlon 144 of th8 Charltles Act 2011 and regulations made under $e¢tlon 154 01 that Act. Our audll work ha8 b8en un(lertaken so Ihal we mlghl Stale lo the charSVs m•rnbers those matt8Ts we ar¢ roqulr&d lo slala 10 them in an audilols report and lor no other purpos8. To tha lullesl exlenl permltted by law, we do not accept or assume responslblllty to anyone other than the charlty and the charitys m•mbor8 as a l)ody, tor our audlt work, for this report, or lor the oplnions we havo Iwmed. Mrs M J Anthony BA. FCA, DChA (Sonlor Statutory Audllorl For and on behalf ol Hardcasll8 Burton Chartered a¢¢ounlanls & slalulory audlior 36 Deng Road Northwood Mlddlesgx HA6 2DA 18 August 2025
The Parochlal Church Council of the Ecclesiastical Parish ol St George, Headstone Stalemenl of Flnanclal Activities Year ended 31 December 2024 2Q4 2W23 hJrKts Total funds Tow lunds Income and endowments t)onalions arKI legacies Charitabl8 actIeS Oiher tradirvJ xtivities Investment income 32.976 122.568 410 41,304 197,258 45,494 119,968 183 113.30S 278,950 14568 410 41 Total Income 197.258 Expendlture Expendiluie on raiwrrfj luThJs: Costs of rai8ing donations anO18gao8s ExperKlbture on charitabl8 ivilres Other eynditure Total expendlture 37 193,257 32.480 225,n4 37 193,257 31480 224774 250 191.893 9,10 11 228.783 Net n8 on Inveglments 12 119.635 119.635 Net Incorne WKI nel movement In lund8 91.119 91.119 50,167 Reconclllatlon of fvnd8 Total funds brought torwwd Total funds rrIed forward 3.734.118 3.825.237 1n4.118 3A25.237 3,663.952 3.734.119 The slalement of financlal aclmtles Irthdes all gains arKJ losses rel9ed in the year. All income arKi &xpendituTr d¢rive from ¢ontinuing acbvitses. The noths on p•go$ 11 10 16 forni part ol 11ge flnanclal sl•t•monts.
The Parochial Church Council of the Ecclesiastical Parlsh of St George, Headstone siatoment of Flnanclal Posltlon 31 Dec8mber 2024 2023 Flxed asset• Tangible flxed asse Investments 16 17 13N189 1A77.169 &797,358 2.326,015 1.387.534 3.713,549 Curront a88•t• Debtors Cash at bank arrty In hatKI 18 45.887 13,834 135 59.721 Crodltor•: •mounts l•lllng du• wlthln OM y•w Nel ¢uff•nt a••&t• 19 39,151 20,570 Total ••••t• IM• curr•nt Il•blllllo• &825237 3,734,119 1825837 3,734,119 Fund• ol th ¢harfty Unre8lrfcled funds 3,825,237 3,826,237 3,734.119 3,734.119 Tot•1 ¢h•rfty lund• Thege finandal staternents were akyo¥•J by tho l)0ord of trustoes arKI authorw lor L88ug on 18 Augu812025. and are sned on bghall ol board ty. Mr M Thluk8han Trustee Th• not•• on p•y• 1110 16 lorni ottfrfte •t•lom•nt -10-
The Parochial Church Council of the Ecclesiaslical Parish of St George, Headstone Not88 to the Flnanclal Statement3 Year ended 31 December 2024 General Inlormatlon The Charity is a public bgngfrt entity and a r•gistered charity in England arKI Wales artd Is uninGorporaled. The address ol the principal office is Plnner Vlew, Harrow, HA14RJ. I Statement of compllance These financial slalem8nls havg begn prepared in compllan¢e wllh FRS 102. The Financial Reportlng Standard applicable in tho UK and the Republic of Ireland., the Staloment of Recommended Practice apICable to charities preparing thelr accounts In accordance wilh the Financial Fleporting Standard appll¢able in the UK and Republi¢ of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charilios Act 2011. Accountlng pollcle8 Ba818 ol pr¢parallon The financid statements hava been prepared on the hbtort¢al C1 bas1$, as modKled ty the revaluation of certain finanGial assets arKI liabll11ies and investment properties measured at fwr value through income or expendilure. The ffinanclal $tatem8nts aro pr8par8d In Sterflng, which is thg functional currency ol the entsty. Golng ¢on¢em There are no malerfal uncertalniies about the charlty's ablThty to ¢onllnue. Fund accountlng Unreslricled funds are availa8 for u88 al the discretion of the Iruslees to further any ol tho charws purposes. Designated funds are unrostrkled fund$ eafmarked by the trustees for partluJLqr future project or commitmenl. Restricted fund5 are subjected lo restriolions on Ihgir expenditure declared by tho donor or through the terms ol an a¥Jpeal, and fall into one ol hvo sub-classes.. ieslricled income hjrkys or erKlowment funds. 11
The Parochial Church Councll of the Eccl8slastlcal Parish of St George. Headston8 Notes to the nancIal Slalements (cu•l) Year ended 31 December 2024 Ac¢ounllng polkl•s Incomlng rn8ource8 All incoming resources are knclKled In the Statement of finala1 acbvibos whon entillemenl ha9 Possed lo the charity: il ks probable that the eCOn1C bgn8fits associated ilh the transaction will Ilow lo the charity and the amounl Can be relw measured. Tho lolkntylng Oldgs are apklied lo partl¢ular ¢ategorfes ol ir¢om6: Income from donations or grarrts 1$ re¢c¥Jnlsod wh8n ttr8 Is eVIden of ontltlom8th 10 oift, r9ceipt is prOe its amounl can be measured rea. l•oacy incomo kn recOgSed tn rwt 15 prnbfitrAo and anthl8ment18 establlshed. Income from donated goods Is measured at the f* value of the goods unless thls l# Impraclicd to measur8 ralwy, In which ca88 Iho vabo is darw from tha cosl lo donor or the eiMated rttale VUe. Donated IpAlities ar seThlces are rncognlsed in lh8 aecounis when re1ved il the vahje Can be rdlaw measurthy. No amounts are includ8d lor the ContrlOn of genwal volunteors. IrKomo from contracts lor the 8uwty of seTrtes Is recognlsed wlth the dellvery of t contracted 88rvlce. This 1$ daSsml as unreslrlcted lur#ts unless ther8 18 a contractual requlrement lof tt to b& spont on a parlkular purpose and retumed rf unspent. In whlch case It may be regarj as restrkied. R•wurcu •xp•nd•d Expenthlure18 rocopnlg•J ¢)n an accnjals basls as a liai411ty1s Incurred. EXpOrlIura Incl ary VAT which cannol b8 lulty recover&J, and L8 da8&d under adIng$ of the 8tatem8nl of ffinarKW a¢tlvltl081o whkh It rdatos: expIlture on ralsiNJ funds in¢lud8s th8 costs of all furnlralshw a¢Ovlllo8, mnls, rnn. charstthe Iradlw a¢tlvllles. arnl the $818 of donat1 goods. expgrvjlture on charltatl• a¢lpAlb8 IrKI all costs Iruftod by a ¢harfty In ur#J•rtaklng a¢111185 that further Its ¢harftabl• wms for iho bonèfft of Its benefickqries. indudlno Ihoso supp)rt costs a1 costs relatifwJ to th? govemanca of th8 thwlty apwdon8d lo charilablo acliw118S. other experrfillure Indudos all Ihai is rela to ralsing lunds tho charity nor part of its experKlilure on charilable a¢Mies. All ¢o$ts aro allocated to experKIMure catwJorie8 refiecllng the uso of tho roSour. Dlro¢t ¢osl$ attribulable to a aclfvlty are allocated directly to that a¢livity. Shargj costs are aPportned betwttn the aclivitses they contrlxjte to on a reasonth. jUSlrfiatAo aThJ con&$t•nt basts. T4nglbl• 8818 All Ilxed assets are Inibally recordgd at C08L Depreclallon Depreciation is caknjlaled so as to wrfte off the cost or valuabon ol an as3rf less Its resldu vdue. over usolul ecwtomic [e of Ihat asset a8 follryK: -12-
The Parochial Church Council of the Ecclesiastlcal Parish of St George. Headstone Notes to the Flnanclal Slatemenls {oonllnu•¢l) Year ended 31 December 2024 Accountlng pollcles (oonHnuod) Invtm9nts Unllsled equlty Investments are Inlllally fecofd8d al cost, and subsequently measured at falr value.11 falr value Gannol be rellably measured, a$sets are rneasud al ¢o$l less impairm8nl. Lisied Investments are measured al falr value wlth changes In lalr value t*lng recognlsed In income or expendliure. Impalmiont ot Ilxod a880ts A revlew lor Indkalors ol Impairmonl Is carrted out at each reportlng date, wllh the recoverablo amount belng esilmaied where Such Indlcators exlst. Whero th8 carrylng value exceeds tha recoveiable amounl. the asset is Impaired accardlngty. Prlor impairmenls are 50 revlewed lor possible rweisal al each reportlng date. For the purpo888 of Impalrmenl le811ng. when 1118 not pos81ble lo esllmal8 the recoverablo amount ol an Indlvldual assei. an asllmale Is made ol the re¢overable amount of the cash- generailng unli 10 whlch tho asset bolong8. Tha ¢ash-gon•railng unll Is the smallest Idenllflable group ol as501s that Includgs Ihg asset and gengral•s ¢a8h Inflows that Lqrgoly Independent ol the Cash Inflow8 Irom other assets or group8 01 asset8. For Impalrmenl lestlng of goodwlll, the good11 acqulred In a buslness Comblnatlon Is. from the acquisillon dale, allocated to each ol the cash-generallng units thai are oxpe¢led to benelll from the synergies of the comblnallon, Irr8sp8cilve ol whether olhgr ass918 or Ilabllltlos of the charlty are a$$ign•d lo those units. Donotlon• and1090¢1 Unre5trfclgd Total Fund• Unra8lrlGted Tolat Funds Funds 2024 Fund8 2023 Donatlon• Collectlon8 Fees arKI donatlonj 11,220 21.756 32.976 11,220 21,756 32,976 10,195 35,299 45,494 10.195 35,299 45,494 & Ch•rltable actlvltl Unrestrlcted Total Fund• Unraslrlcted Total Fur Funds 2024 Fund8 2023 Income from non-Inve$tmenl property in lurthèran¢o ol the charws objects 122.568 12268 119.968 119.968 -13.
The Parochial Church Council of the Eccleslastlcal Parish of St George, Headstone Notes to the Flnanclal Ststemenls Year ended 31 December 2024 Othar Iradlng a¢tMlle8 Urnostrkted Total Funds Unrestricted Totd Furhts FuThJs 2024 FurKIs 2023 Church fundraisi 410 410 183 183 Invesimenl Incom• UrnstrktY Totsl Fund• Unwlrf¢ted Total Funds FuJS Funds 2023 Income from1Ssted Invoslments 41.304 41J14 113.305 113.305 & Coth of f•l¥lng don•llon• •nd 10ga¢l•• UNestrt*J Tot•1 Fund• Unr•sirkt&Y Total Fund8 FU18 Fund8 20¥J Costs ol ralsing donallons leg - Oonalion• 37 250 250 Exp•ndltuM on ¢hartt•bl• •¢tMll•• by fund typ• Urn8m¢1 Totsl Fund• unreslr1cI Ti)tal Funds Funds Fund8 2023 Church acdwties Renlal ac1mlS Support Costs 150.343 37,227 5,687 193,257 150,343 37,227 5,687 193.257 149.981 29,857 12,055 191.893 149,981 29.857 12,055 191.893 10. Exp•ndltur• on ch•rlt•bl• a1¥118 by xtmty typ• undertaken Total fvnd$ Total fund 2023 costs Church a¢lNII Renlai acllvities Governance costs 150,343 37.227 3,740 154,083 160,146 29,857 1.890 191.893 1.947 5,687 1,947 194251 187.570 11. Othw •xpondblurn unreStrted Total Funds Urnstrkled Total Funds Fun(ts 2024 FU)S 2023 Major han repalrs a1 eernt purchases 32,480 32,4 36.640 14-
The Parochlal Church Council of the Ecclesiastical Parish of St George, Headstone Noles to the Flnanclal Ststements Year ended 31 Dttember 2024 11 Ilat galns on Inveslme UM8S111 Total Fund• Unrastr¢ted Totd Funds Funds 24 Funts 2023 Gal{?$$¢9) on Ilsted Investments 119.635 119,635 13. N•t Incom• Net Ifume Is staled after charglWlcredilirol: 20 Depreclallon ol tanglble fflxed a8set8 5,826 14. Audltor• rnmun•rallon 15. Tru•tee romun•rntlon •nd No remunaratsn or olhor bonth I wnrA0ortt wkn tho (4wlty or a related enuty werg iecelved by the trustee8 No Irustse expen8e8 have been Incurr. 1& Tanglblo flx•d a•••t• bLukllng8 Eryl)ment Tol•l Cost At 1 J•nuory 2024 and 31 Doc•mb•r 2024 DePrnctl0n Al 1 JanLWy 2024 Charge for the year Al 31 Decembw 2024 2,260.601 116.51S 2,377,116 51.101 5,826 56,927 51,101 5,826 S6,927 Carn9 •mouni Al 31 D•cefflb•r 21r24 2.260,601 2.280,601 59,588 65,414 1320,189 2,326,015 At 31 Da¢ember 2023 -15-
The Parochlal Church Council of the Eccleslastlcal Parish of St George. Headstone Notes lo the Financlal Statements Year ended 31 December 2024 17. Inve•tments Inveslments Cost or valuath)n At 1 January 2024 Additions Disposals Fatr value movements 1,387 (30.000) 119,6 1.477,169 At 31 Do¢whbw 2024 Impalrnient At 1 January 2024 and 31 Dtser 2024 Carrylng amount At 31 De¢¢mber 2024 1,477,169 1.387,534 Al 311)ecember 2023 1& Dobtors 2024 2023 Prepayments arKI a¢uuwJ irwme 66.730 45,887 19. Credltor8: amounts laning due Twfthln on• yo•r £¢ruals a1 deforrgd irwme 39,151 20. An•lysls ol ¢harItsb lunds Unrestrfcled funds 1 JanLWy 202 Gains and31 D8¢ember 24 IX)me Expar#knire Unr8sirt¢ied FurKI 3.734,118 197,258 1225.7741 119,635 3,825,237 Al 1 Jarw 202 Al Gains and31 Dornber 2023 IrKom6 ExpgrKlibJre Unreslrthd Fur¥J 3.683.952 278.950 1228,783) 3.734,119 16-