CKWELL PARISH TREASURER'S REPORT ACCOUNTS AND ASSETS YEAR ENDI 12 2024 Incomin revenues Planned giving at £26,540.48 is slightly under 2023 but closer to the longer term trend Collections and donations (from services other than regular worship e.g. funerals) up £3000 mainly on account of donations at funerals Fees to the parish made up of weddings, funerals and banns readings at £1,149 are slightly down but this is really factor of banns, funerals and marriages However, there will be a cost element here when we made the annual return to the Diocese for the share that goes to the Diocese for weddings and funerals Hall lettings show a much improved position increasing from £12,881 to £28,551. However this figure is overstated by £7000 as one regular tenant overpaid significantly. As a consequence, 2025 income will reflect this change. At £21,551 of re-stated income, the lettings position is still under par compared to pre-covid levels Dividend income is very healthy and close to 2023 An exceptional item (Recovered bank balance) relates to the identification and subsequent closure of two old Barclays accounts connected with St Andrews with £5905 of balance between the two accounts. It is probable that this is income from old St Andrew's investments. We should consider this as exceptional income not regular income The total income stands at £98,410 but allowing for the overstated rental income (-£7000) and the exceptional income (-£5905.30), we should consider the true income of the parish of regular operating income at £85,505. Some £10,500 better than 2023 Ex enditure Running costs are much higher due to increased costs of gas and electricity. This accounts for most of the difference between 2023 and 2024 (+£5000). Gas and Electricity costs £11,000 per year- nearly 13% of our income Repairs and maintenance at £57,994.95 are higher than 2023 which in turn was an expensive year on the capital account due to the new boiler. Of this figure, £53,190 was made up of new windows for the Hall- a necessary but expensive outlay but one which should improve the rental opportunities significantly PSF/Diocesan stands at £75,000 per year after the PCC agreed to increase this by 3.5% from the previous period Other notable expenditure is a large professional fees item incurred with solicitors for preparation of the lease with the nursery that pulled out at £5275- this work is not lost as it will allow us complete quickly and at reduced cost with a new tenant Cleaning routine has been established for the hall at £1460 for the year Total expenditure stands at £176,364 considerably above the £134,027 of 2023 but much of the difference is made up for the cost of the new hall windows (£53,190) Final result reserves investment cash at bank We have made £79,197 of transfers from reserves to cover operating costs We have incurred a loss of £77,953 Cash at bank is £9,169.10 at close of the year Investments (including cash at bank) have reduced from £548,580 to £465,378 of which £77,953 is accounted for by transfer to operating but there is also a loss of market value of circa £5000 Simon Barker 6th May 2024 ST ANDREW'S & ST MICHAEL'S CHURCHES, STOCKWELL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Unr¢slrictsd Restrlctgd Endowmgnt Funds Funds Funds Totsl Funds 2024 2023 Note INCOMING RESOURCES Incoming resources from donors Other voluntary incoming resources Income frorn operating activities to generate funds Income from operating ackn'vib'es lo further the work of the Church Income from investments 34,179 4,487 34,179 4,487 32,923 2,525 2b 2c 28.552 28.552 12,881 2d 2e 1.149 21.136 1.149 21.136 1,969 21.926 TOTAL INCOMING RESOURCES 89,503 89,503 72,224 RESOURCES USED Grants Church A¢tivities 3b Church management and administration 3c 168,466 9,456 168,466 9,456 131,663 3,084 177,922 177,922 134,747 NET EXPENDITURE FOR YEAR (88,419) {88.419) (62.5231 TRANSFER BETWEEN FUNDS 88.419 (46,303) (42,116) GAINS AND LOSSES ON INVESTMENTS Unrealssed and Realised 11,659 11,659 19.533 NET MOVEMENT IN FUNDS {46.303) 130,4571 {76.760) 142,990) BALANCES BROUGHT FORWARD AT 1 JANUARY 2024 71.005 483,072 554,077 597,067 BALANCES CARRIED FORWARD AT 31 DECEMBER 2024 £ 24.702 £ 452,615 £ 477.317 £ 554,077 ST ANDREW'S & ST MICHAEL'S CHURCHES, STOCKWELL 8ALANCE SHEET 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Investment assets 452,615 483,073 CURRENT ASSETS CBF Deposits Cash at Bank Debtors 37.211 13.600 20,913 9.169 16,253 25,422 71,724 CURRENT LIABILITIES Credttors Due Within One Year 720 720 NET CURRENT ASSETS 24,702 71,004 NET ASSETS £ 477.317 £ 554,077 FUNDS Unrestricted Restricted Endowments 24,702 452.615 71,005 483,072 £ 477,317 £ 554,077 Approved by the Parochial Church Council on 7 October 2025 -f& 2(4C LllL/L￿ LJcN.%I'.RREI' CIi() IXI. ITrUThI()N'L OJ)*)￿) RTrA:L%TTr￿) F()R Il KINC:L ()F Bi:..SlNLK¢i.IciivlliL IIYTIITr. IN.STlll lTr. ()F CIL.ImJiu) Aif()IThT. .IKPi IN FNC:IAND AND I%'AU'S