Charity number. 1133996 THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Report of the Trustees arKI Unaudited Finan(aal Statements For the year end8d 31 t)ecanber 2023
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Contents PwJe For the year ended 31 Dm)ber 3)23 Ito3 1TrJgrthnl ExamHW8 Rwrt *) TnAto ststwnt of Fharn781 PrAAK 7t013 14to15
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN ReFQrt of Ihe Trustees For the year eIed 31 December ay23 The St Mary's P8rochi81 ChurGh CtyJrril have pfeasure in presenting thelr rerAxt finandal stst8rn8nts for Churth for the y88r 8nd8d 31 Dember 2023. The Trustees ha aLWed the provisions of Ait4)unting and Reporting by Charsbes." Statement of ReTr)rnmend8d PradiL% aKWI(abl8 lo charitse5 praring thgir ac£ounts in ac££¥danc yth ts Fina¥)cio1 Reporbng Stsndard appllcable In thF4 UK and the of lrnland {FRS t021 {effedi 1 Jarwjary 20191. 3tructw• Oovernm•nt& Monjgo St James West H8mpstèad Is (Jryenly 88r¥ed ty Fr Robert Thorrw as Vlcar. and Fr Ross Hutchigon SSM A8$iStant Prft and Fr Chartes Moths r•tLwnod to Ns natfva la1 Bathdos in Odobor 2023. Fomi¥r SSM Ministsr. Mother Denise Yqldam rotirnd in May 2022. and Curnts. Mother Cgrc4inè Rlnk moved on to anothgr parish In April 2022 Obl•ctlvo5 & A¢tt¥ltl•• The pah181 Church Coundl IPCCI Is tr)VoMl by Churth of En4w)d hOation. The Paro¢hl81 Church Coundl'8 Power8 IMe#sur• 1956- 88 8mend8dl. Th• prtslp81 objecU¥e of lh• PCC18 in Iha parlsh the wthol¢ nusslon of the church. Achlw•m•nlsandP•rfomw Durlng the yoar. Beryl Elsey tyjr Podsh Adtrattr •fter 13 ol •rfkng 00ry1¢0. A polt of Op8rotlons & Development Manag6r w88 rzeated and fillod otlY Jun8 2023. The h88 continu•d In pw$u ol Is mLulon In th• ••pedally to tha through prow4mB 8t 8ehool8 and 'Me5sy Chur¢h'. 11 maintain8 ts contion th Iha ct)mrTrJnity sodal m8dia and rggular 8treanlng of li¥$eNk•, and a8 a Tgsuli h•8 #•n the U81 S4md8y att•NJwKe w8du#Uy r•bJm Io PoThJgmk ievds. MAjor improvemenls hAve made ¢0 the at Wrthingtryi Ro8d anwjring that we 8dh•re to HMO guldellr8 and èr• #bl& ¢0 secvra the maximum revenu• fvom our rentals. Flnan¢tsl R•¥hw The ¥t4t4ment of financial adhll8 8hry•rn lotsl Incthng T•wUr for tho y•ar of £179.80S12022 t189,5801 •nd totsl expenditure of £213,85712022 £207,353). Total re8erve$ of £1,117.476{2W22£1.151,5281 le cwwled foThvard. t181n9 UnreBtrldèd Funds of 1£21.7211. ond R8Strlctsd Funds of £1.139.197 A8O•58m•nt otGolng Conc•rn Thg PCC (on61der8 thoL Ir0 arn rnatwld atKJt ts Pwish's atI16ty to (#)nllnug aa 8 iK4ng ncern lor tho n•xt 12 monlhB. Merg•r ofsalrt Jam• and Salnt M•rf• Pvl¥h A Pastoral srn• made by th8 Chw¢h CoftvTlwn8fs da 15[)ember 2020lwhh Irrto foteè on 1st January 20211 unlted the parish of Salnt Mary All Soth. Pnory RoJ, lQlbum and ts PSh of Salnt James, We8t H8mpst8a¢J, both in th8 diocese of dOn. to create a pansh nBmed Tr Parfsh of Saint Mary tmth Nl Sou15, lfjlbum and Salnt James, W8St Hampstead". In 8co)rdance lth the Church Repr88entakn Rutos a n8w Parothial Church Counol wa5 elected in April 2021 for the parlsh of Salnt Maryvlth Al S(yJ15, Kiltym arwj snI Jarn8s. West Hryte&l. The Parochial Churth CounrAls of lh8 fowmer pariW were trfjth separaw wilh Char6ty Cornm1sOn as they ea¢h met the thr8shol¢J for rEgtslral)n. The Paroch Church cjn¢11 of the parlsh of Saint Mary Ml Souls, PrioryRowJ. lQlbum in the Dltt888 of LorKkn) registered ur¥Jw (anty numter 1133996and the Parochial Clvjrth Couwl rASaint J8m8s. Wast Hampstead in Ihe of LcKMkn wa6 regist•r•J uThJerrwity nnb8[ 1133843. 1of15
THE PAR(KHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Report ofthe Trustees Continued For the year ermjed 31 December 2023 Rtrtums and acnts have ntInUed to ba w8par8d in rdatk)n to Ih8 former palis15 and 8ubmitiod to th8 Charity Cornmission underthe sparatts rstrati(S while tw on th& Chaiity CnnA)n ffSt. In 2024, to r8118d the of th& pailthes. the iegbtrntw)n for chanty number 1133843was removed Irom the Charlty Commission regi8ter and the regstratson number 1133W w8¥ W to r8latè to Ihe unlt•J partsh. From 2024th8 Par¢181 Church CLwncll of S8ir M8ry AJI S1$. KItM and Sah)t James, West Hampstead Is r8gist8r8d with the Charity Comrnissn under charity rvjmber 1133996 th thtr tmknned assets and liab¥lities of both form&r parishes, which had passed to the pah from 1st January 2021 by rtue of the Pastoral Scheme of 150eeernbeT 2020. As a resu the ind¢wdu#l repJrlir#J and >Jbmis0ft of 8rn1 8nThJ81 b(4h Parf8h8s WIU coa8e on 31st Decgmbar 2023. OBJECTIVES AND ACTMTIES Obl•¢th•• •nd akn• The tru8tse8 have con8ldered tho Chanty Comrm.¥ on publk b&noftL IndjIr lh¥ wld&ne 'publle ban8fit.. runrTrlng 8 ¢hgrtty IPB21'. REFERENCE AND ADMINISTRATIVE INFORIAATIQXI Nam• of Charlty Chartty feglitratlon numb•r Prln¢lpal addr• THE PARH11 CHURCH coulL OF ST M4RYS WITH ALL SOULS KILBURN 1133996 ST MARY& JAMES PSH OFFICE 1 St. James'8 Hou99 LONDON NW6W Tru•ts•$ Thg trust6 8nd offlcwF 88r¥lng dLwlng th•yw•nd slnc• th•yw•nd w•r•as folly•A: Oiano Ashby Nancy Jwira P8tric48 Ann IYSulbAn Cardin8 Nekni Ift8". 30A&wM20231 SUS Maryaret Sl908 Mx Rah C8rter Laurel Hunts Th)nw$ Aagaard N18168n Nelkwa M (A&p)wil. 30Awi120231 MBure8n Smtth IApw#ited: 30Atrt2W23) 21$
THE PAROCHL4L CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Report of the Trustees Continued Forthe year ended 310ecember2023 Indepondont oxaminor ErnmanL •Aensah FMAAT y1 Floorwest off 19 Nthlas Ho. River Front EN13TF Approv&a by th8 Board 01Tst885 and Sid on itsb8halfty Re oMp$c Ichalrlvkarl Trust•• 3of15
THE PARcH1AL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Independent Examiners Report lo the Trustees Forthe year ended 31 December 2023 I r•p(ttotha trust#s on myex0mlnatir ofthe aLLyyJnts ofthe ¢tharityfrrthg year 31 Decefflber223. R08ponslbllttle8 and bas1• of report As the chaNty trustsos, you 8ro rOspIbl9 for tha pr8p8roU(t of thè •InIs in thg rwjuirements of the Charftle6 Act 2011 1'th8 2011 Acfl. I report In fespect of my examinallon of t Lanty'$ acryJJnts cani¢d out urthi sèdion 145of thè 2011 Act and in carying out my examlnallon I ha folbwed tho iGable Dir•dions Ven iv/ th? Chty Comrrdssion under section 145(5Mbl of th8 Act. Ind8P8nd8nt oxamln•rs I have fA)rnpleted my examinalion. I confirn thatno matters ha c4yMelo nyy attenlkm In connedknn vAlh the éxamlnalon gwlng m8 L¥U5e to tdieve that in any materS8l r85Fd.. 1. 8cwJnting rec¢y(Is notkept In resp¢cl ofthe Chwtyas [Qr&I ty 8ectknn 130olthe 2011 Act.. LY 2. the attount8do not8cwrd wlth Tth: 3. the 8¢nts do not comply wllh the 8thlcable fequtrenS rxmcwning th• fcm c4)ntent ol#ec¥)unts stst tyjt in Ihe Ch&riti•$ IAceount$ and Reports) R•wlations 2CKJ8 olhwthan any re¢wirem8ntthat Ih? actOLmts gfve a Irue and fair vi whlth 1$ nol a matl8r CW¥eT a& pwt of an Indepts exarnlnotkn. I have no conc8m8 and hav8 come aer05s no other mattws in Connecti wrfh the exarninalJn to whkh attgnllon should bg drawn In thIB rePt In order to anabla a proper und8Trlandlng ol tho to bo ra•*gd. Emmanuel Me h FMAAT Ground Floor W•st Offic• 10 Ni¢hdas Hou80. River Fmnt Enfield EN13TF Date.. I IL J 4of15
THE PAROCHIAL CHURCH COUNCIL OF ST TrAARYS virrH ALL SOULS KILBURN Statement of Financial Acbvities Forthe year ended 310ecember2023 ndl In¢ome and •ndowThnts Donations and legatse5 CharIta0 Other tradtng acti¥itties Investments 0th8r in) 24. 133.406 17.Th)1 24.909 133.4C 17,001 249 37,862 137.883 13.049 97 249 4240 4240 179,550 t795 189.580 Exp•ndltur• on: Charitst40 actNIJ&8 Olher &xpendltwe Total 718 (215,056) 1215.0561 1.199 1213M57} 1201.9061 15,4471 1207,3531 1,199 1215.lJ5SI (X500) 134.0521 117.T131 R•¢onelllatlon of funds rota funds brought forbvard Total fund* cwrl•d foTh 12,580 122M) 1.138.948 1.151.528 1,169,301 1.151.$28 1.140J96 1.117.476 SrA15
THE PAROCHIAL CHURCH COUNCIL OF ST RYs WITH ALL SOULS KILBURN Statement of Financial Positon As at 31 December 2023 2022 FIX as8•ts TangitAe a58ts In¥esthnts 13 1.133.034 1,133.304 7.437 14115 1.133.034 1.140.741 Current as¥8ts Debtors 16 518 Cosh atbank and in 11.580 12.098 (lo.xI> 20.262 203B2 (7,7761 Cr•<Htm: amounts falllng vthn on• yov 17 Net current aasots 12,5D6 1,1$3247 11,7191 1.151.FQ8 Total a880ts loss curr•nt lablllt 1.135,132 {17.6561 1.117.476 Credltorn: amounts falllng du• aft•r fflor• than on• ywr 18 Th• funds ol th• ¢hwlty R85tiict•J inconf8 19 1.140.396 122,9201 1.117A76 1,138.948 12.580 Unrgstrtcted SrKome 19 Totsl lund• 1.151.328 finAnd#l st#t•m8ntswern jpprovgd gnd aultl(lIs tytho Boardw •lgn•d on ft8 b#Ifty'. rnpson Ichairmthrj Trustae 6of15
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Notes to the Financial Ststemenls For the year ended 31 December 2023 1. A¢¢tyJntlng Polldes Basls of a¢¢ountlng Tho financi813tslements hav& been prepared und8f thè histor convenbfy). 8xcept for vwestments ¥thich 8re inclutjed at market value gnd the TeVu8110n ofcatsin fixed 858ets and in actordance wilh Chariti8s SORP IFRS 1021'A¢counting and Rerx)thrvJ by CarFts." Stant ofR8¢0Nwn8nded Prarkn apph'cabl& to clI10S rrfeparing thelr accounts in aw)rdance wtth FSnanckg1 Rep)rting Stsndard aw)licaLle in the UK and Republ ol Ireland IFRS 1021 lsff&¢Uve l January 2019),, Flnaoci81 ReportiThJ Slandard 102 the Rnane4al Repng Stand8rnJ applicable in th8 and R8wbli¢ of Ireland {FRS 1021. the Chartb88 Aet 2011. THE PAROCHIAL CHURCH COUNCIL OF ST MARWS VIITH ALL SOULS KILBURN maots lh8 dofinlthjn ol a public benefit $ntity undar FRS 102. A8s8ts Ilatilili88 aro irNIth athi3torie41 c4st ¢YtransUon v&ue unths otherwi8e statad in th• rdovant 8cwunting note(81. Golng ¢01 2. kn¢t)m• trom donollon• #nd l•g•¢l•¥ 2023 2022 Unrnstrkt•d fund• Donatlon8 ry Grnts T0fv•d 24,678 37,862 24909 37.862 & Incom• from ¢harltsbl• ctMth• Unr••trkt•d fundB 42 Blrchington Ro8d Rent 70.855 33.871 25,C4)0 1,580 84.278 33.748 15,(XJO 925 Church Hall Lell Hlr• ofchurrh Rooms, Chur¢h & Lower Ve8try 1,945 133351 3,786 137,733 Malnton8nco ofchurch Wo BiL48 Reading Fellrr•AhYp 155 133A06 137.883 7of15
THE PARCCHIAL CHURCH COUNCIL OF ST Wiys WITH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year erKled 31 December 2023 In¢orno •arned from oth•T acllvll 2023 Unr•8tr1ct¢d fun¢ Fund r8lsin9 ovents OlherTrn(n9 I1> Parking Fees 103 46 7,698 92CK) 3,403 9.600 17,001 13.049 5. Inv88tm•nt Incom• R•strlct•d fuThl• , Incom8 frorn Ilstgd Invesbnlnts Ineomo from vnlthd Investments 97 6. Oth•r Inco 2022 Unr••trkt•d fvbx To(Idlers Drop In fh•r1D)m? 3,952 7. Costs olch•rltabl• dMUe8 by fund typ• 2023 2022 Unrfj•trlcl•d fvndl aintenance of Churth Wolk Partsh Misslon Ath't Repalrs. Malntwwncg w)d IMpnwents AdministratK)n, sor Supwityjsts 69.047 16,428 102.143 57,900 16.257 25,453 1.985 31,892 215.1)56 201,906 80115
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Notes to the FinanciaF Slatements Continued For the yearended 31 December 2023 8. C0818 of charttable actlvlths by acuvlty ty 2tr23 Actl¥lllM undertaken dknocty M8intsnance rA Chwth W 71.032 16.428 102,143 59.985 16.620 93,429 Repair5. maintenar and Improvements Admknl8tralbn. sod 25.4S3 31.892 215,OS6 201,906 9. AnatyJls of •upp¢xl coBt• 2022 Inter88t-LDF Lo8n& 88nk Charpg 197 1.985 3,005 10. Not Incornoll•xpondltur•) for tho y•v Thi$ 1$ ststgd knr¢hdntyIc¥8dth)l'. 2022 IndeperKlent Ex•nne$ F•os 1.985 2.065 11. 8t•ff ¢o•ts •nd •nwltyrnnt• Total slaff cOstsfort year ended 31 Decern 2023 vp'. 2022 S8laries &rHlwwJes Sori81 securityu)sts 53.785 2.182 50.767 $5,967 S1.175 grrf15
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS wrrH ALL SOULS KILBURN Notes to the Financba Statements Continued For the year ermled 31 Dmber 2023 2022 staff and Support Workers nd• In¢om• and •ndtywm•rtsfrom: Don8tion8 end Ch8ritsbl8 aciMti8S 37,862 137,883 13.049 37,862 137,883 13.049 97 Investnwnt8 Other incon Tot•1 18gABJ 189.580 Expondltur•on> Charflablb aclMI8S OtheroXP8ndMJr• T<Jtal 1201.9)S) 15.44n 1207.3531 {201,SY)61 15,4471 1207,3531 N•t In¢thn•ldlturn R•conclllatlon of fundB 1171701 (17,7731 Total funds brought lo8111 30.4 1.138.851 1.169,301 11560 1,138.940 1,151.526 1k Tanglbl• fftx•d aM•t• Landand Flxlur•• Bulldkn Fn9 Co•t or Totsl At 01 J#rTr¥Jary 2 At 31 December 2023 1.133.034 1,133,304 1.133.304 1.133.034 At 01 January 2WJ 270 At 31 DenI)er20T At 31 Deeèmb*r2023 1.133.034 1.133.034 At 31 December2022 1.133m4 1.133.OM 10011S
THE PAROCHIAL CHURCH COUNCIL OF ST TrAARYS WITH ALL SOULS KILBURN Notes io the Financial Slateanents clinUed Forthe year ended 31 Dmber 2023 M8rk8lvalue8t01 J8nu8ry 2023 Dispos$ atcarwng value 7,437 (7,4371 M8rkotvalueat31 De¢8mr 2023 15. An•ly•l• of Ib)v••kn•bts bt• •8 aty•w•nd•d 31 00m 2023 2023 2022 R•strfct•d fund• Ltatsd Inve8tsn8rtts 7A37 7A37 16. D•blorn 2023 Amounts du• wlthln )n• ymr. Tr8d¢ debto 518 518 17. Cr•dltor•' •mount• f•*ln4 dug wlihlTr on• y•v 2023 2022 Trade c¥editoTS 630 othercr8ditor8 7.745 6,$46 10,000 7.770 11of15
THE PARCtHL4L CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Notes to the FinaThid Statements Contrnued Forthe year ended 31 December 2023 1& Crodknrd.. amounts falNng after morn than 2022 Loan8 8ThJ overdrats St J8mèB Loan other crnJitcrf8142 &ythin D8rxdti 15,937 1.719 1.719 17.666 1.719 19. Mov•m•nt In fwNI• Unr••trl¢t•d Fund• 8•l•n¢•at 3111W2023 Genornl Funds 12,$80 179.556 I215.0) {22.9201 11580 179JSfj 12141)581 122,9201 Unr•strlct•d Funds. Pw•¥l¢xth Bl•nut 01KJ1ll022 B*lanc••t 31M2f2022 Géneral Funds 189,483 {207,3531 12,580 18• (207.3531 11580 Purpos• of unros¢rl¢W FundB Ganwal Funds Fgn•T41 purpos• useat ofth• PCC. R•Btrlct•d FundB DI1r123 3111¥2023 Reth¢ted Fur¢Js 1.138.948 1.199 1.140,396 1.138yI 1.199 1,140.396 12of15
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS wrrH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year ended 31 December 2023 R••trl¢¢•d Fund•. Pr•v10 8alanc•at IgoIng Bal•n¢••t r•wurwJ 31n2r2022 1.138.851 97 1,138,948 1.138 1.138.948 Purpo•• ol rn•trf¢t•d fuThls Forrestrk#ed pu (xty 20. Angty¥l• of bthA*•n fun IlknbNMb••l Unr••trSthdlund• G•Mr#l Fund• 115.9371 113.8391 1.133.034 11,7191 1.131.315 1.131034 {17,8561 1,117,476 Pr•¥lo Unr•JtrlctadlundB Gor Furtd8 12,506 11.719) 10.787 R•¥trlcl•d fund• 1,133,X14 7,437 1.140.741 7A37 11.719) 1.151.528 13of1S
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS WITH ALL SOULS KILBURN Detalled Slatemwrt of Financial Acbwties For the year ended 31 Dember 2023 2023 2022 INCOME AND ENLKIIYMBir DOaOn8 and 1ogacl8• Omatlons Donations- Gift Axl Cdlecllons(n Hat• OthèrDonations (Community Hall Donatic. Dire¢l ConLYegalion4 Gr4lng Gr8nts- Londm Dioc8S8n FUKI 7,023 15.212 2.443 14,203 2.$34 13,788 6.575 231 42 Birchin9tw Rogd Rent 70.855 84,276 ri81 Incorn• Chuych Hol Lottlng81 33,871 25,(0 33,748 15,LKJO Hlro ofchurch Room& Chuwh & Ltyworv F6 1.94S 155 3,788 Bibl• Rèading Fdltrw8lNp 133A06 f 37.863 Oth•rtr•dlng actfvltl•• Fund raI81ng events Incorne frorn Oth•rTrndlny Ir•>)r In¢om• fffjm Parking F••8 103 7.698 9.200 3.403 9.600 17,fy)1 13,049 Income from Ilstod Invostments Incomefrom unlisted ¥w8Stm8rrt# 97 249 Oth•r In¢¢) T¢>Jdors Drop In OthWInMe 3,952 4340 Total Incomlng r•w>urc•• 179M+S 189,580 EXPENDITURE ¢harltsbl• 4¢tMU DI$8n Common FUNI 124.810} 121.3501 Insura Church Hall Runnlrg Co818 112.845) 124.187) 114.2851 19,7051 Equlpments Subscriptsons DonatioGI¥ Parish Mi"ssionA("wts"es Costs 14,7451 11.833) 19.2641 13.1861 11101 14.3031 14of15 This page notfom) partofthe finanC81 slatemenL8
THE PAROCHIAL CHURCH COUNCIL OF ST MARYS wrrH ALL SOULS iaLBURN Detailed Slalement of Financial Activibes Continued For the year ended 31 Dember 2023 Ckgon Expenditu IganISt& Pianist, Sirr$ & CMrGosts {11.2251 (10,3301 Church Repalrs& Maintenanr 111.3541 {22,014} Staff t$ts.w8g$ &salarlos 139.4811 134.6281 Prop8tyR8palTs & Malntonanco 17.9261 {36.2101 143.4021 Slaff o)Bts-w88 &sdarlg8 114,324) {16,139) Staff costs.sl8IJr1tyCQ8lS 12,182} 14081 T919ph PrfnL Post& (724) 11.583) 14781 11,2681 Travel Legal Fe88 Aecountarxy F••s Other Offt¢o cts NAIVern9 & PUt1"ty 8ooks & Publkallorvj 11171 {3,038) 12191 11,305) 1331 12,3051 18191 14,7271 14451 14961 8ank Int•rost 16511 14101 16311 13,7341 Cstgrtng & S¢el81 Loan Interest & OtherCharggB Stsff R8wkn8nt 14301 (2150711 1198.9011 1.199 3.781 19,2281 1,199 168471 SUPPORT COSTS Int•r••t. LDF Loan & Bank Chary Interest- LOF Loan & Bank Charges IRepalr¥. M8intenancg and ImpYovem8nt51 11971 11971 Independ8ntExamin*8 Fe88 11,9851 12,0651 K4otorandtravelexpens8S 1631 otherrxffjts {3801 11,585) 8081 Total rosourc•s •xwKlod 1213W7) 1207,3531 Not Expendllur• 134.052) 117.7ni 15of15