The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne
and St Mark
Charlty No. 1134037
Trustees, Report and Unaudited Accounts
31 December 2024

The Parochlal Church Council of the Eccleslastical Parish of St George with St Anne and St Mark
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
6t014
Detailed Statement of Financial Activities
15to16
Page I

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1134037
Trustees
The following trustees served during the year:
H. Beaumont
S. Clough
A. Cooke
M.C, Ellis
A,H, Manson-Brailsford
A. Moulson
P. Simmons
M. Sofaer
A. Tallon
S.C. Teixeira da Mota
G. Todd-ware
R. Wormald
Accountants
SRC Advisory Ltd
Stanford Gate
South Road
Brighton
BNI 6SB
Statement of trustees. responslbllltles In relatlon to the financlal statements
The charity trustees are responsible for preparing a trustees, annual report and f inancial statements in
accordance with applicable13W and United Kingdom Accountin8 Standards (United Kin8dom Generally
Accepted Accounting Practice).
The trustees are responsible for keeping proper accou nting records that disclose with reasonable accuracy at
any time the f inancial position of the charity and to enable them to ensure that the f inancial Statements
comply with the Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detettion of fraud and other irregularities.
Signed on behalf of the charity's truste
A.H. Manson-Brailsford
k/LTh-I
Trustee
23 May 2025
Page 2

The Parochial Church Council of the Ecclesiastical Parish of St George wlth St Anne and St Mark
Independent Examiners Report
Independent Examlner's Report to the trustees of The Parochial Church Council of the Ecclesiastical Parish
of St George with St Anne and St Mark
I report to the trustees on my examination of the financial statements of The Parochial Church Council of the
Ecclesiastical Parish of St George with St Anne and St Mark for the year ended 31 December 2024 which
comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 20111'the Act'}. The trustees consider that an audit is not
required for this year under the Charities Act 2011, 5. 14412) (the 2011 Act) and that an independent
examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination by being a qualified
member of MAAT.
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in, any material respect:
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the flnancial statements do not accord with those records,, or
the f inancial statements do not comply with the applicable requirements concernlng the form and
content of the financial statements set out in the Charities IAccounts and Reports) Regulations 2008
other than any requirement that the financial statements give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concern5 and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Edward R de Souza
MAAT
SRC Advisory Ltd
Stanford Gate
South Road
Brighton
BNI 6SB
23 May 2025
Page 3

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Statement of Financial Activities
for the year ended 31 December 2024
Unrestricted
fund5
Restritted
funds Total funds Total funds
2024
2024
2023
2024
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investment5
28,096
6,654
106,197
951
28,096
6,654
106,197
951
23,631
3,580
88,273
923
Other
168,922
168,922
59,502
Total
141,898
168,922
310,820
175,909
Expenditure on:
Raising funds
Charitable activities
18,197
3,426
221,581
18,197
3,426
221,581
13,702
2,921
201,914
Other
io
Total
243,204
243,204
218,537
Net gains on investments
Net Incomellexpendlture)
Transfers between funds
3,073
11
{101,3061
168,922
67,616
{39,555)
Net incomellexpenditure)
before other galnslllosses)
1101,3061
168,922
67,616
{39,5551
Other gains and losses
Net movement in funds
1101,3061
168,922
67,616
139,5551
Reconclllatlon of funds:
Total funds brought forward
137,522
42,983
180,505
220,060
Total funds carried forward
36,216
211,905
248,121
180,505
Page 4

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Balance Sheet
at 31 December 2024
Charlty No. 1134037
2024
2023
Fixed assets
Tangible assets
Investments
13
107.564
41,468
149.032
77,539
41,468
119,007
14
Current assets
Debtors
Cash at bank and in hand
15
I,iio
138,636
139,746
(12,5401
127,206
I,iio
98,394
99,504
{9,8891
89,615
Creditors: Amount falling due within one year
16
Net current assets
Total assets less current liabilltles
276,238
208,622
(28,1171
180,505
Creditors: Amounts falling due after more than one year
Net assets excluding pension asset or liability
17
128,1171
248,121
Total net assets
248,121
180,505
The funds of the charity
Restrlcted funds
Restricted income funds
18
208,832
208,832
39,910
39,910
Unrestricted funds
General funds
Designated funds
18
1172,2051
208,421
1100,1411
237,663
36,216
137,522
Reserves
Revaluation reserve
18
3,073
3,073
3,073
3,073
Total funds
248,121
180,505
Approved by the trustees on 23 May 2025
And signed on their behalf by..
(Im
A.H. Manson-Brailsford
Trustee
23 May 2025
Page 5

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
for the year ended 31 December 2024
l Accounting policies
Ba515 of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland (FR5 102} issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies Ivaluation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are avallable for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Fina ncial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount In expenditure)
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/{lossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
and facilities
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 6

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expènditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the cost5 incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxatlon
The charity Is exempt from tax on its charitable activities.
Tangible flxed assets and depreclation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.,
Freehold property
% Not provlded
Improvements to property Yo at varying rates on cost
Fixtures & flttings
25Yo Straight line
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of fi nancial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Page 7

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development 15 written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the f unctional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a f inance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under f inance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability, Finance expenses are
recognised immediately, unless they are directly attributable to qualifying a55et5, in which case they are
capitalised in accordance with the charitV'5 policy on borrowing costs.
Assets held under finance lease5 are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Penslon costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pays fixed contributions into a separate entity. Once the
contributions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Page 8

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
2 Statement of Financial Activities- prior year
Unrestricted
funds
Restricted
funds Total funds
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
23,451
3,580
88,273
923
180
23,631
3,580
88,273
923
59,502
59,502
Total
175,729
180
175,909
Expenditure on:
Raising funds
Charitable activities
13,702
2,921
201,802
13,702
2,921
201,914
Other
112
Total
218,425
112
218,537
Net gains on investments
Net income
3,073
{39,6231
12,1201
3,073
68
139,5551
Transfers between funds
2,120
Net Income before other
galns/{losses)
Other gains and losses:
Net movement in funds
141,743)
2,188
139,5551
(41,7431
2,188
139,5551
Reconciliatlon of funds:
Total funds brought forward
Total funds carrled forward
182,338
37,722
220,060
140,595
39,910
180,505
3 Income from donatlons and legacles
Unrestrlcted
Total
Total
2024
2023
Planned giving & gift aid
Collections at services
Sundry donations & appeals
19,416
19,416
21,947
1,023
661
8,680
28,096
8,680
28,096
23,631
Page 9

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
4 Income from charitable actlvltles
Unrestricted
Total
Total
2024
2023
Church letting & hiring
5,592
1,062
6,654
5,592
1,062
6,654
3,510
70
3,580
5 Income from other trading a¢tivltles
Unrestrlcted
Total
Total
2024
2023
Café
31,552
74,645
106,197
31,552
74,645
106,197
29,766
58,507
88,273
Crypt
6 Incorne from Inve5tmentS
Unrestrlcted
Total
Total
2023
2024
Interest income
951
951
923
951
951
923
7 Other Income
Restrlcted
Total
Total
2024
2023
Grants
168,922
168,922
49,375
10,127
59,502
Government grants
168,922
168,922
8 Expenditure on raising funds
Unrestrlcted
Total
Tota5
2024
2023
Fundraising troding cost5
Café
18,197
18,197
18,197
18,197
13,702
13,702
Page 10

The Parochial Church Council of the Eccleslastical Parish of St George with St Anne and St Mark
Notes to the Accounts
9 Expenditure on charltable activities
Unrestricted
Total
Total
2024
2023
Governance costs
Independent examiner's fee
Accountancy
1,600
1,826
1,600
1,826
3,426
1,545
1,376
3,426
2,921
10 Other expenditure
Unrestricted
Total
Total
2024
2023
Christian relief &
development agencies
Secular charities
682
274
274
656
Diocesan parish contribution
Other interest payable
Employee costs
Premises costs
25,714
887
25,714
887
24,000
50,164
121,673
50,164
121,673
49,470
73,411
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
1,335
1,335
35,508
7,897
13,637
221,581
7,897
13,637
221,581
9,480
8,707
201,914
11 Net Income/lexpendlture) before transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
12 Staff costs
1,335
35,508
2024
49,254
910
50,164
2023
48,261
1,209
49,470
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
Page 11

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
13 Tangible fixed assets
Land and
building5
Improvemen
tsto
Fixture5 &
fitting5
Total
propertv
Cost or revaluation
At l January 2024
Additions
At 31 December 2024
Depreciation and
impairment
At l January 2024
Depreciation charge for the
year
At 31 December 2024
824,469
162,804
31,478
194,282
987,275
31,478
1,018,753
824,469
830,347
79,389
909,736
15,8781
7,331
1,453
824,469
86,720
911,189
Net book values
At 31 December 2024
At 31 December 2023
107,562
83,415
107,564
77,539
15,8781
14 Investments
Other
investments
Unllsted
Total
Cost or revaluatlon
At l January 2024
At 310ecember 2024
Net book values
At 31 December 2024
At 31 December 2023
41,468
41,468
41,468
41,468
41,468
41,468
41,468
41,468
15 Debtors
2024
2023
Gift Aid recoverable
I,iio
I,iio
I,iio
I,iio
16 Creditors:
amounts falling due within one year
2024
2023
Other loans
Other taxes and social security
Other creditors
Accruals
5,039
3,589
1,698
2,214
12,540
4,152
1,304
2,162
2,271
9,889
Page 12

The Parochial Church Councll of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
17 Creditors:
amounts falling due after more than one year
2024
2023
Other loans
28,117
28,117
28,117
28,117
18 Movement in funds
Incoming
resources
At31
December
2024
(Including
other
At l January gains/losses
2024
Resources
expended
Restricted funds:
Restrlcted income funds;
Fabric Fund IRestrictedl
39,910
168,922
208,832
Total
39,910
168,922
208,832
Unrestrlcted funds:
General funds
1100,141)
138,315
1210,3791 1172,205}
Deslgnated funds:
Fabric Fund
237,663
3,583
132,8251
132,825}
208,421
Total
237,663
3,583
208,421
Revaluatlon Reserves:
Restricted funds:
Fabric Fund IRestricted}
Total
3,073
3,073
3,073
3,073
Total revaluation reserves
3,073
3,073
Total funds
180,505
310,820
1243,204}
248,121
Purposes and restrictions in relation to the funds.,
Revaluation reserves
Represent the amount by which investments exceed their historical cost.
Restricted funds..
Fabric Fund (Restricted)
Oesignated funds.,
Fabric Fund
Page 13

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Notes to the Accounts
19 Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total
Fixed assets
24,149
41,468
19,668
83,415
107,564
41,468
127,206
Investments
Net current assets
Creditors due in more than one year and
provisions
107,538
{28,1171
128,1171
57,168
190,953
248,121
20 Reconciliation of net debt
At31
December
2024
At l January
2024
Cash flows
Cash and cash equivalents
98,394
98,394
40,242
40,242
138,636
138,636
Borrowings
132,2691
132,2691
18871
18871
133,1561
133,1561
Net debt
66,125
39,355
105,480
21 Commltments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2024
2024
2023
Land and
buildings
2023
Land and
Other
Other
buildings
Operating leases with expiry date:
Pénslon eommltménts
2024
2023
The pension cost charge to the charity
amounted to..
910
1,209
Page 14

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Detailed Statement of Financial Activities
for the year ended 31 December 2024
Unrestricte
d funds
2024
Re5trlcted
funds
2024
Total fund5
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Planned giving & gift aid
Collections at services
Sundry donations & appeals
19,416
19,416
21,947
1,023
661
8,680
28,096
8,680
28,096
23,631
Charitable activities
Church letting & hiring
5,592
1,062
6,654
5,592
1,062
6,654
3,510
70
3,580
Other trading activities
Café
Crypt
31,552
74,645
106,197
31,552
74,645
106,197
29,766
58,507
88,273
Investments
Interest income
951
951
923
951
951
923
Other
Grants
168,922
168,922
49,375
10,127
59,502
Government grants
168,922
168,922
Total income and endowments
141,898
168,922
310,820
175,909
Expenditure on:
Costs of other trading activities
Café
18,197
18,197
18,197
18,197
13,702
13,702
Total of expenditure on raising
funds
18,197
18,197
13,702
Governance costs
Independent examiner's fee
Accountancv
1,600
1,826
3,426
1,600
1,826
3,426
1,545
1,376
2,921
Total of expenditure on charitable
activities
3,426
3,426
2,921
Other expenditure
Christian relief & development
agencies
Secular charities
682
274
274
656
Page 15

The Parochial Church Council of the Ecclesiastical Parish of St George with St Anne and St Mark
Detailed Statement of Financial Activities
Diocesan parish contribution
Other interest payable
25,714
887
25,714
887
24,000
26,875
26,875
25,338
Employee costs
Salaries/wages
Pension costs
49,254
910
50,164
49,254
910
48,261
1,209
49,470
50,164
Premises costs
Church running expenses
Church maintenance
55,295
66,378
121,673
55,295
66,378
121,673
28,480
44,931
73,411
General administrative costs,
including depreciation and
amortisation
Depreciation of Improvements
to property
Depreciation of Fixtures &
fittings
Other clergy costs
Upkeep of services
Bank charges and interest
Telephone, fax and broadband
1,335
1,335
20,687
14,821
2,621
2,698
163
2,621
2,698
163
6,845
462
115
2,415
9,232
2,415
9,232
2,058
44,988
Legal and professional costs
Other legal and professlonal
costs
13,637
13,637
8,707
13,637
13,637
8,707
Total of expenditure of other costs
Total expendlture
Net gains on investments
221,581
221,581
201,914
243,204
243,204
218,537
3,073
Net Income/(expenditure)
(101,3061
168,922
67,616
139,5551
Net income/(expenditure) before
other gains/(losses)
Other Gains
1101,3061
168.922
67,616
139,5551
Net movement in funds
1101,3061
168,922
67,616
139,5551
Retonciliation of funds:
Total funds brought forward
137,522
42,983
180,505
220,060
Total funds carried forward
36,216
211,905
248,121
180,505
Page 16