Charity number: 1133996 THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2024
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Contents Page For the year ended 31 December 2024 Report of the Trustees 1 102 Ind8P8ndenl Examlner's Report to th8 Trustees statement of Financial Activities Slalem8nl of Finanoial Position Notes to the Financial Slalemenls 6t014 Detailed Slalement of Financial Activities 15to16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Report of the Trustees For the year ended 31 December 2024 The Sl Mary's with All Souls Kilbum and St James Wesl Hampstead Parochial Church Council have pleasure in presenting their report and the financial statements for the Church for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities." Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 {effe¢live 1 January 20191. Structure Government & Management Sl Mary's Kilburn and St James West Hampslead are currently served by Fr Robert Thompson as Vicar, with Fr Ross Hutchison as SSM Assistant Priests. Objectives & Activities The Parochial Church Council IPCCI is governed by Church of England legislation. The Parochial Church Council's Powers (Measure 1956 - as amended}. The principal objective of the PCC is promoting in the parish the whole missiori of the church. Achievements and Performance The merger of St Mary with All Souls and St James Wesl Hampslead is now complete. This is the first sel of combined accounts for the combined charity. The Hall CoMmlll66 of St Mary's has separate accounts for 2024 but was dissolved at the end of 2024 and also merged into the combined charity. The usual Sunday attendance is returning lo pre pandemic levels. The church has however pursued ils mission in the Community especially to the youth through programs al the schools and 'Messy Church,. The church also continues tomaintain ils connection with the community through social media and regular streaming of its se1¢98. Of major significance is the upliftmant of black and ethnic minority groups IBAME}, in the commissioning of the Black Madonna statue. Following the recruitment of competent Operations & Development and Financial offices. we have uncovered a number of deficiencies in out rental propertles whlch has been remedied al some expense. In the coming year. significant focus musl be placed on fund raising lo attend lo the condition of both churches that are in dire need of repairs. Financial Review The slalemenl of flnancial aclivlties shows 10181 incomlng resources for the year of £382,40412023 £179,805 ISI Mary's onlyll and lolal expenditure of £378, 12812023 £213.857 1st Mary's onlyll. Total resery8s of £1.519,63312023 £1,117,476 ISI Mary's onlyll were oarried forward, comprising Unreslricled Funds of1£22,152), and Reslricled Funds of £1,541,785. In 2023. The Sl Mary's with All Souls Kilburn, was reported on as a separate PCC, that was the reason for the significant difference in the comparative figures. The opening balances of St James West Hampstead Parochial Church Council were incorporated into that of Sl Mary's with All Souls Kilburn thereby creating a merged PCC as at 1st January 2024. Assessment ofGoing Concem The PCC considers that there are no malarial uncertainties. both financial and manag8mgnl, about the merged Parish's continuity in the next 12 months. OBJECTIVES AND ACTIVITIES The Parochial Church Council IPCCI is governed by Church of England legislation. The Parochial Church Council's Powers (Measure 1956 - 8$ amended). The principal objective of the PCC is promoting in the parish the whole mission of the church. OBJECTIVES AND ACTIVITIES Objectives and aims The Iruslees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit.. wnning a charity IP821'. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charty Charity registration number Principal address THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMP 1133996 ST MARY & JAMES PARISH OFFICE 1 of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Report of the Trustees Continued For the year ended 31 December 2024 1 Sl. James's House Shorriff Road LONDON NW6 2AP Trustees The trustees and officers serving during the year and since the year end were as follows.. Rev Robert Thornpson Ichairlvicarl Carleen Kerr-Larrington Rev Ross Hutchison Diane Irene Ashby N8ncy Jirira Funmilayo Akinbinu Florence Yaleley 8ru¢&Annan - reslgned 3 June 2024 Patricia Ann O'sulllvan lssabèlla Gyebi Susan Margaret Slade Richard Thomas Rainbow Mx Rah Carter Laurel Hunle rgslgned 3 June 2024 Thomas Aagaard Nielsan Nelissa Mendy Maureen Smith Chona Kokubun appolnted 26 May 2024 Independent èX8mlner Emmanuel Mensah Vision 25 Innova Park Electric Avonue Enfield EN3 7GD Approved by the Board of Trustees and signed on its behalf by Rev ompson {Chai Ivicarl rusleel 2of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Independent Examiners Report to the Trustees For the year ended 31 December 2024 I report to the trustees on my examination ofthe accounts of the charity ft)r the year ended 31 Doc6mber 2024. Re8pon8ibilitles and basls of rnport As the charlty trustees, you are responslble for the preparauon of ihe accounts Sn accordance wlth the requlrements of the Charfties Act 2011 {'the 2011 ACV). report In respect of rny Qxamlnatton of the chailty's accounts carried out under gectk)n 145of the 2011 Act and In Carng out my éx#rnination I have followed all thè appllcable Direcllons glven by the Charlty Commls8lon under section 14515){bl ol the ACL Ind8pBndent &xamln•rs statsment Slnce th8 Charlty's gross income axceeded £250,0(KJ, your examlner must be a rnemb8r of a body listed In sectlon 145of thg 2011 Act. I confimi that l am quallfled to undertake tha 8xamlDatlon by vlrtue of my m6mbarshlp of , whlch is one of the li8led bodies. I have completed rny examlnatton. I cornlmi that no marter8 have come to my attentlon In conne¢tlon wlth tho eXamInaOn giving me cause lo believe that in any material r88pecl.. 1. w£ountlng rordS were not k8Pt In respect of the Charlly as r6qutrad by sectlon 130 of the 2011 Act; or 2. the accounts do not accord wlth tho86 r8cord8" or 3. the accounts do compty wlth the appllcable r6qulramènts concernlng the form and content of accounts Set out In the Charilies (Acwunls and Reports) Re18110n$ 2008 olheT than any raqulrement that the a¢Gwnts glve a'lruo and falr v5evl whlch is not a mBttèr considered as p8rt of an Ind8pend8nt 8xaminalion. I have no ry)ncems and hav8 com8 Scr0 no other matterg In connectlon th the axamlnatlon to whlch attontlon 8hould be drkwn in Ihls roport In order to 8nabl6 o propor undgrslanding of the account8 lo be raachad. Emmanu81 Men8ah FMAAT. MBA {Bus n> Vlsion 25 Innova Park Electric Avenuo Enfield EN3 7GD Dato". 19 Jun 2025 3of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Statement of Financial Activities For the year ended 31 December 2024 Notes Unrestrlcted funds Restrictg fun<ts 2024 2023 Incorne and endowments from.. Donations and legacies Charitsble activities 34,316 343,858 722 34.316 343.858 722 24,909 133,406 17,001 249 Other trading activities Inveslmellls 3,508 3,508 Other income 4,240 Total 378,896 3,508 382,404 179,805 Expendlture on- Charitable activities 718 1375.5471 12,5811 {378,1281 1375,5471 {2,5811 1378.1281 1215,0561 1,199 1213,8571 Other expenditure Total Net incomo18xponditure Ro¢on¢lllatlon of funds 3,508 4.276 134,0521 In-year Adjustments (from St James pcci 397.881 397,881 Total funds brought forward Total funds Carrled forward 122,9201 {22,152} 1,140,396 1,541,785 1,117,476 1,151,528 1,519,633 1.117,476 4of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Statement of Financial Position As at 31 December 2024 Notes 2024 2023 Fixed assets Tangible assets Investments 13 1,434.200 43.903 1,133,034 14115 1,478,103 1.133,034 Current assets Debtors. amounts falling due within one year Debtors. amounts falling due after more than one year Cash at bank and in hand 16 25.958 167.318 77.140 270,416 518 16 11.580 12,098 110.0001 Credltors.. amounts falllng due wlthln one year 17 134,7411 Net Gurrent assgts 235,675 1,713,778 1194,1451 1,519,633 2,098 1,135,132 117,6561 1,117,476 Total assots less current Ilabllltles Crtditors.. amounts falling due after more than ono yoar Net assets 18 The funds of the charlty Restricted income funds 19 1,541,785 122,1521 1,519,633 1,140,396 122,9201 1,117,476 Unreslricled income funds 19 Total funds The financial statements were approved and aulhorised for issue by the Board and signed on its behalf by.. Rev'd Tru on airNicarl ee 5of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements For the year ended 31 December 2024 l. Accountlng Pollcles Basis of ae¢ountlng The financial statements have been prepared under the historical cost convention, except for Investments which are included al market value and the revaluation of certain fixed assets and in accordance with th8 Charities SORP IFRS 102}'Accounling and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 18ffeclive 1 January 20191,. Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, and the Charities Act 2011. THE PCC OF ST MARYS WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD meets the definition ofa public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless oth8rwise stated in the relevant accounting policy nole{sl. 2. Income from donation$ and lega¢i83 2024 2023 UnrgStrl¢ted funds Donations received 34,316 24.678 Grants received 231 34,316 24,909 3. Income from charltablo actlvltles 2024 2023 Unrestricted funds Maintenance of church Work 42 Birchinglon Road Rent Aerial Income 70,855 33,871 25,000 1,580 Church Hall Letlings Hire ofchurch Rooms, Church & Lower Vestry Services & Fees Income 74,214 81,617 1,945 133,251 1 $5,831 Maintenance of Church Work Bible Reading Fellowship Rentals- Flat5 (St James & Mary's} 155 178,077 178,077 155 343,858 133,406 6of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 4. Income earned from other activities 2024 2022 Unrestrictgd fund$ Fund raising events other Trading Income Parking Fees Income 103 722 7,698 9,200 9.950 10,672 17.001 S. Invgstment income 2024 2023 Restrlct•d funds Income from unlisted investments 3,508 249 3.508 249 6. Other Income 2024 2023 Sundry Income Other incomè 288 3,952 4,240 7. Costs of charitable actlvitles by fund typo 2024 2023 Unrestricted funds Maintenance of Church Work 158.630 69,047 16,428 102,143 Parish Mission Activities 38,279 Repairs, Maintenance and Improvements Adminislralion, Soual elc. Support costs 98,421 76,268 25,453 3.949 1,985 375,547 215,056 7of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 8. Costs of charitable activiti&s by activity type 2024 2023 Activitie$ undertaken directly Maintenanc8 of Church Work 162,301 38,557 g8,421 71,032 16,428 102,143 Parish Mission Activities Repairs, Maintenance and Improvements Adminislralion, Social 81¢. 76,268 25,453 375,547 215.056 9. Analysis of support costs 2024 2023 Govemance costs 3,949 1,985 10. Net inGomel{gxpgndlture) for the year This is staled after chargingllcreditingl.. 2024 2023 Independent ex8minels fees12023 Sl Mary's only) Staff pension contributions 3,671 1,985 651 11. Staff costs and omolumonts Total staff ¢osts for the year ended 31 December 2024 were.. 2024 2022 Salaries and wages Social security costs Pension costs 58,602 12,436 53,785 2.182 651 71.689 55,967 8of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 2024 2023 Siaffand Support Workers 12. Comparative for the Statement of Financial Activittes Unrestrlcted funds Restricted funds 2023 Income and endowments from: Donations and legacies Chanlable activities Other trading activities Investments Other income 24.909 133,406 17,001 24.909 133,406 17,001 249 249 4,240 4,240 Totsl 179.556 179,805 Expenditure on: Charitsble aclivits'es Other expenditure Total 1215.0561 1215,0561 1,199 1213,8571 1,199 1,199 1215,0561 Net Incomelexpendlture Reconciliation of funds Total funds brought forward Total funds rrIed forward 135,5001 {34,052 12,580 1,138,948 1,151.528 {22,9201 1,140,396 1,117,476 13. Tangible fixed assets Landand Buildings Flxtures an Fittings Cost or valuation Total At 01 January 2024 Additions 1,133.034 270 1, 133.304 301.870 1.015 302,885 {1,719) 1.434,470 Revaluations 11.7191 1,433,185 Al 31 December2024 1,285 Depreciation Al 01 January 2024 270 270 Al 31 December 2024 270 270 Net book valuos At 31 December 2024 1.433,185 1,015 1,434,200 At 31 December 2023 1.133,034 1.133,034 9of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 Investments 14. Analysis of movement of commercial investments Investment property Fair value at 01 January 2024 Net gainlllossl on revaluation 40,395 3,508 Fair value at 31 December 2024 43,903 15. Analy$l¥ of Investmonts bètween funds as at year onded 31 December 2024 2024 2022 RgstriGted funds Investment properties 43,903 43.903 16. Debtors 2024 2023 Amounts due wlthln one year.. Trade debtors 10,021 518 Other debtors 15,937 25,958 518 Amounts due after more than one year: Amounts due by group and associated undertakings Other debtors 15,937 151.381 167,318 10of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 17. Creditors.. amounts falling duo within one year 2024 2023 Trade creditors 2,223 270 Other creditors 28.847 7,745 Accruals and deferred income 3,671 1.985 34,741 10,000 18. Credltors: amounts falllng due aftar more than one year 2024 2023 Loans and overdrafts 178,208 Amounts due lo subsidiary and associated undertakings Other creditors 15,937 15,937 1,719 194.14S 17,856 The following liabilities disclosed under creditors falling due after more than one year are secured by the chanty.. Bank loans and overdrafts 197.412 197,412 19. Movemont In funds Unre$trlct•d Funds Balance at 0110112024 Incomlng resources Outgolng r9$oU85 Balance at 3111212024 General General Funds (22.9201 378,896 {378,1281 122,152) 122,920} 378,896 1378,1281 122,1521 Unrestricted Funds - Prgvious year Balance at 0110112023 Incoming resources Outgoing resources Balance at 3111212023 General General Funds 12,580 179,556 1215.0561 {22,9201 12,580 179,556 1215,056} 122,920} 11 of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 Purpose of unrestricted Funds General Funds For general purpose use at the discretion of the PCC. Restricted Funds Balan¢0 at 0110112024 Incoming resources Outgolng resources Balance at 3111212024 Restricted Funds 1,140,396 3,508 1.143,904 1.140,396 3.508 1,143.904 Restricted Funds - Previous year Balance at 0110112023 Incoming resources Outgoing rasources Balan¢0 al 3111212023 Reslricled Funds 1,138,948 249 1,199 1.140,396 1,138,948 249 1.199 1.140,396 Purposo of rèstricted funds Reslricl8d Funds For reslricled purposes only 20. Analysls of net assets between funds Tangible rixed asS8t5 Investments Net current assets I Credltor$ > Net Assets ono yoar Unrestricted funds General General Funds 235,675 115.9371 219.738 Restrl¢ted funds Restricted Funds 1.434,200 43.903 1178,2081 1,299.895 1,434,200 43,903 235,675 {194,1451 1,519,633 12of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 Previous year Tanglble rixgd as$•ts Investments N8t current ass8ts I Creditors Net Assets ong yoar Unrestricted funds General General Funds 2,098 115,937} {13,839} Restricted funds Reslricled Funds 1, 133,034 11,7191 1,131,315 1,133,034 2,098 {17,656) 1.117,476 13of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Notes to the Financial Statements Continued For the year ended 31 December 2024 2024 2023 INCOME AND ENDOWMENT Donations and legacies Donations Donations- Gift Collections Open Plate Grants- London Diocesan Fund 34,316 7,023 15,212 2,443 231 34,316 Charltable actlvitlgs 42 Birchinglon Road Rent 24.909 70,855 Aerial Income Church Hall Lettings 33.871 25.000 74.214 Hire ofchurch Rooms, Church & Lowervestry 1,580 Services & Fees Income Bible Reading Fellowship 81.617 1,945 155 R8nlals- Flats (St James & Mary'sl 178,077 Oth8r tradlng actlvlti08 Fund raising events Income from Other Trading Income Income from Parking Fees 333,908 133,406 103 7,698 9,200 722 9,950 Inv8stmonts Income from unlisted investments 10,672 17,001 3,508 249 3.508 249 Othar incoma Sundry Income Other income 288 3,952 4,240 Total incoming resources EXPENDITURE Charitsblo activltles Diocesan Common Fund 382,404 179,805 {24.810) Insurance Church Hall Running Costs 115.8551 (122.1941 112,845) {24,1871 Clergy and Vicarage Expenses 16,912) Equipments Subscriptions Donalionslciving 15101 14,7451 {1,8331 1627} 16201 14of16
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Detailed Statement of Financial Activities For the year ended 31 December 2024 Church Events Other Activity Costs 16,9361 15.6031 Parish Mission Activities Cosls 14.3031 Organ Expenditure) Organist & Pianist, Singers & Choir Costs 12,455} 135.8241 19001 111,2251 Church Repairs & Maintenance {16,039> {11.354} staff costs-wages &salaries 158,6021 139.4611 Staff costs- social security costs 112.4361 Staff costs- pension contributions {651} Property Repairg & Maintenanc8 110.6931 {7,9261 Propety Improvements 143,4021 Staff costs- wages & salaries 114,324) Staff costs- social security costs 12.1821 Telephone Print, Post, Stationeries & Supplles 12,7991 16,278} {7241 11,5831 Travel Professional & Leg81 Fees {1171 13,038} {30,8011 Accountancy Fees Other Office Costs Adverting & Publicity Books & Publications 12191 11,3051 115,3471 11.7811 19801 Bank Interest Catering Food Drinks & Social 11,6771 16,9351 15511 Loan Interest & Other Charges 110,6501 Staff Recruilmenl 14301 {371,5981 Other 1213,071) Other resources expended RefLJnds Mad& 1,199 12,5811 SUPPORT COSTS Gov&rnance costs {2.5811 1,199 Independent Examiner's Fees (3,6711 11.9851 Motor and travel expenses (2781 13,9491 11,9851 Total re$ources gxpendgd (378,1281 1213,8571 15of16 This page does not form part of the stalulory financial statements
THE PCC OF ST MARY'S WITH ALL SOULS KILBURN AND ST JAMES WEST HAMPSTEAD Detailed Statement of Financial Activities Continued For the year ended 31 December 2024 Net Income 4.276 134,052} 16of16 This page does not form part of the statutory financial statements