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 se￿1¢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 Car￿ng 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 eXamIna￿On giving me cause lo believe that in any material r88pecl.. 1. w£ountlng r￿ordS 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) Re￿18110n$ 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 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