THE PAROCHIAL CHURCH COUNC.IL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDLD JI DLCLMBER 2023 The m¢rnbers of the Parochial Church Council IPCC) art pleased to present their report together ivith the audited linancial statements orth¢ PCC for the )"ear ended i l December ?O?- The financial statetnenis have ken prepar¢d in accordance iviih ihe accountinf) policies out in notes to the accounts 2nd conipll ii'ith ihe charit!. s governini? documcnt. the Charities Act ?01 l. the Charities Staiem¢nt ol" Recoinmended Practiig I'SORP IFRS I O?I"l appliL&ble to charities preparincj tlieir report ajid Iinancial siat¢ments in accordi£ nLe i1th tlie Financial Reportin# Standard applicable in (he UK {FRS 10?) {ellectii'e l Januar). ?0 l il. Aim and purposes The Ntsnh L<lmbetli Parish PCC has the responsibilii!, of ivorkin!T in the pari51i iTrith the clerg!. in promoting the Ihle mission olihe church - pastoral. evanEelistic. social and ¥LuIneiiical. It also has maint¢nance responsibilities for St Anselm's Chrch. tOLiether iiith oiher properties - Havilland House: 78 laN'man's Poini. three garnijes and a Car park. Under a lease ai?reeTveni siL)ned ii'ith th< DiuLese in ?019. North Lambeth PEiri..h alrts assumes responsibilit>. for majnr pyternrfil rep2ir% for Si Peter s House. Vauihall. Objectii'es and actii'ities The PCC is commiiied to ¢nablinn as InanN' people as possible 10 i¥orship at ils churches and to be part of the pansh ommunitN' ol-North Lan)beth. Iii coop¢iaiion i1th the Llergi.. the PCC maintaiiis an oTrervieii' of its iiorship and orher aiiib iii¥b <iIid iJJak-e5 SU"LT¢5tions on holi Ihi%' can be-.t 5eie ihe eKi5tin,. ¢Onbireyatloll 2nd benefit and Invol. nthers thai liie li ithin or around ihe parish. The Pcc's serl iLes ai)d ii"orship pui faitl) into practiLe through pral'er. the siudj" of 5Lripiiire. musi¢ and sacraineni. Wlien planiiinij lis activities, Ihe cl¢rgi" and the PCC have considered the Chariti. Commissioii'5 guidance piiblic beiielit. and particularls the SelliL LTuldlI1CC lor Lharities oli the advancenitiil ol relioion. Th¢ PCC aiins to enabl¢ ordiRatN' people 10 Iii'e oiit Ilieir laiih <iS part of lis parish LUTnmiiniik ilii-UllLII. ii'or5hip and pral'er. iiith regjular seriic¢s open lo all and makini? sacred space aN'ailable for pra)'er and ontemplation: helpin? people io learn aboLlt ihe Christian laiih. increase their iinder51iTrndiiiL¥ of li iL nd d¢t10p ilieir relaiionship iih JuSUS- oITerinii pastoral ¢are. including visiiino the SiLk' and bereav¢d- adv<iiicin¥ Clirislian educaiion: and 5upwniniY the missioll ol'ihe LhurLli both iiiil)Ill c211d bli ond ilie Pcifi51i thr()ii" li pri4 I'er. interesi aiid iiii'oli'einLllt as iiell 8$ finic nciallN'. inLliidiii&T 5iippon lor tciiin¢nic£il iiiiiiatii'¢s. ii-ork oi'Lrsea5 and <ini' oilieT Eiluaiioiis iihere mcmb¢rs beli¢i'e God is ai ii.ork and calls thLllI 10 sere liini. To faciliiate this ii"ork. li is iinportani Ihat the chiirches aiid other Ll)urch pr()pertiL are prop¢rl)' manaiTed and niaiiitJined. Thc niembers of Ilie PCC also b¢11t tlill I 1115 a i<ilii£iblL pan ol-tlie cliurih's mission 10 make the buildiiiiis iailable lo)r iiqe hi. the ii'ider cnmmunits". boih to serie the c(Imn)unity" and ()Iler a link" b¢tii een it and the Lhiirch. Achiei'emenis and performance Worslii Number5.' The LoiIEyf¢gTatioii lias s¢¢n SUSl<iinLd Liroii.tli iii'er l O i iars aiid Lontiiiiies to represent the diier5e coinniiiiiili of kLiininiTlOlI-North L]Ibeth Parisl). Oieri&11 the number ol p¢opl¢ iiorsliippiiiiT ITI the P¢ifi51i ihis l'ear lias ItiiiaiTr¢d 51c<idfv. Thi nuiiibir of N oiink peoplL tsltenditl¥T ll-orsliip in the parish 15 jiFiiificgiit Are. Ihe re%aurLes l't put inio ihis importani area of Ininistrk.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAlBETH
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED31 DECEMBER 2023
Worshi
An additional Iv¢eklN' evenino service has been introduced. in response tn Cnn(7rpk7Htynn feedb2eL. provtding
a lime for quieT mediaiive ii'orship. We¢k' lime ii'orship is also enabld Ihrou
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEIBER 2023 V liinteers= Contribiitions io parish life b!. congregational members are too numerous io mcntion individuall),, and include ieachini Sundai. School. service pr¢parati()n readin£lservin?iinteTc¢ssin¥. lockincT and unlockini buildings, runnino our aiinual l¢t¢. laiind¥tiii¥ liiien. and oroTani5iniT sales. Ltc. There is ali oniyoin? need to lurther develop n11rselv &s a living bodi. bs encoura4iniJ la!. and non-paid participation in all spheres of Ininistrj". Si Anselin's Site Dee10 meni.. ProgFress has been mdde I7111 Ceni¢iiar¥ Memorial Siindal. School Trust havin(y sold CerteiiarL- Hall ?( lid hrfiV1n made a deLision iii prinLiple ro ini'¢5t the proceeds in ihe de¢10P[nen1 of the site. Doi Jones Architec15 II"ere appointed in March ?O?O and hai'e produced dtsii7ns for the remodelliHg and uporade of ihe interior ol (he ChuiLh. l.his desigsn envisag a tour siore¥ i01er being buili iviihiii tli¢ cliuicli providingT ¢ommunit)' rooms. ioilets and ol-fices. The plins h3vp Fpn ensted and potential fiinds a81]able froill Cenieni£ ry, Hall ilill cover approiiniatel). half the cosi ol the full ii'tsrks. The Parish is pursuing alttmaie tundiniF approaches, in conjunction iiiih Ihc Diocese in order to find a solution. ihich mai inkolve phasini> the d¢velopment. Detailed design iOrK on ilie full 5Lhcmi. to obtain approval for LhanLies to the Church from the nhc2nrtrllar nf ihe Diacese has been completed and submilled io Dioc¢s¢ foi linal advice. Tlir 1511 Gontsnu¢3 to ivork NTrith its Selected developineni partner. Rocco Homes, to develnp Ignd tn the rear of the Lhurch, Hi¢ villand Hoiise and (he current vesirn.. toil¢t and Parish oflice. Rocco propose dtvelopinv niiie Ilais on the sile gpd providingw ?70sqin ol. ground Iloor accommodation for the Parisli as ivell as a premium of £9iOk ciirrently. to miilLTaie Tli¢ l()bS uf iiiiciiii¢ liujii Havillaiid 110115¢. -I'hi Parish l)t)s nisoliijted a Dekelopmeni Abireeinenl and lono_temi lease ii'ith Rocco HoTnes iN"hiLh i¥ill r¢quire Dioc¢5an Jpproval. A Pira1 Meg.siire ii'ill need io be iiranitd b) Church conimissioiiers in order lo biiild on the ieslrN' part of Ilie site. An application for plaiinin" pemiission 511binitted in November 7021. The Pi1ri5h has loiind a loni>tenii lenanl lor the top floor ol. St Anselm s Hall <liid list of space in the rear of the de¢10pMe1}i and the ioii'er Inside the Lhiirch. In the interim. til'e ol-Ilie iiniTS b¢rii Irl Iv Dili% Joi1¢3 Ah11¢¢t5 at a renial of£ i ?k per l'ear trlim DeLember )n? l. FinanciJl rei'ie)I Th¢ £tJieiiieilt ol- Finaiiciic l ALliN itie% ISOFAI 5hiiiis a nLI delicit on Ihe UnrestriciLd Fiinds for the IL SLirpliis ol- £16.8J l N(Ile 171. Unr¢%irTrLied reseri.e5 5t<ind ai £89.i8() £1t .) l Deieinber ?U-J J r nl £?0.86? "roi£i1 rLslriLted I'und balances siood at £86.4?7 as al i l Deceiiik.r 70?) i?O?1.. £80.0?81 cifteT g7ains on iiivestn)enis amounlinil to £1.4881)0??: losses ol-£ji61. Resen'es polici. li iq PCC polic!. to m'iini£2111 hqliiiL'e. i)n iinriElriLied lunds. it. pi)s£ible. 5iilfiLieni to siipp()rt at least three niontlis Iinr¢ilriLied pa! Inenis. eqiiiialL'iil to soinL c. f6) 000 diiriiiL ?01- i'iili repaired aiid lip lo d.iie buildiii¥75 nd. i¥hereitl' p()ssible. coiilrihuliiins io Ilie P£irish Sui)p()M Fiiiiil. Uiiie5triilid lunds noi -14ind at £89.-)89. This is nN'er the 1grLiel. Tl)e prc is relionl nn Ihe cnniiniiinu 5llPPOrt of lis LoniTreiTi£ lion and other coininiiniti Lontribiitors. and maxiinisinLI pi&perts' rental5. Hi)Iviiialli' Ili¢ PCC hlG 5 liad %iVirtl dkSibnated tiinds intended 10 proi'id¢ regeri.'es tor fiindiniT rep1 hiiildiiiLis or Ihe PCC ol liinds aiid a Iniiih closer aligTiim¢i)i ol fLiiid5 10 baiik 1£ ccoiinls. Noii- IliLlt the unreslriiied fliiid balance is reserles l()r Ii)nLtcr t¢riii Iiiill£211I'es L?nd ini'esinienls.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL RF.pnRT FOR THE YEAR ENDED31 DECEMBER2023 Ini'e5tment poiTrer5 and polic}. In accordance ivith ihe Chiirch Represeniatioll Rules. Ihe members of the PCC have the poi¥'er to make anj. intr¢stment shich ihe5' see lit. PlaRs for future periods The continued grO1h of our ¢ongreg1c tions. Ihe strengthening of Christian education and the service ive provide to onc another. both in church and across the i.]der Parish, ¢ontinues lo be our main focus. Thc Centenarj. Memorial Sunda%. School completed on the sale of Cent¢naTh' Hall in Mav. ?020 and its trusEees have a¥reed in consultation ii'ith the Charli% CoTllTnission that the proLeed5 of sale shoiild be Lised for tlie developmtnt ofst Anselm interior to bc¢icr sLrvicc the need5 of tli¢ COll¥JfLJ<tliv12 Ihosc of curreni communii!, users of Lentenary Hall. This project began in eic mest in ?0? l and is likel J. io continue over ihe nelt four or live years. AS alwa)'5. look. foi"%N'ai"d ILP briIi¥ i11[7¢55 to Ihe Gospel here in North Latnbeth 1th real hope ttir the coming )'ear. holding the tii'o commaiidments close to our hei£ ri to love the Lord oiir God I.1th all our heart. ii'ith all oiir 50uI. mind and strenilih. most eN'ideneed throui?h th¢ beautN' of our ivorship- and lo love our neiLTrhbour as ourselves. as we iuiJIiiiu&illy iu l(i(Ik OUTlI-.ard and serve ihe Parish.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH
TRUSTEES, ANNUAL REPORT
TrUK THE YEAR EPIDED 31 DECEMBER 2023
Reference and administrJtii'e detai15
Chariti. number-
I li4717
Princi
al ftice..
?86 KenDin(Tton RoGld. Kenningtoii. London SE I l IDU
PCC Secretarv..
James Collen¢tt¢
Indt
nd¢nt e.Katniner'.
C J Llojd
84nLers'.
Natwest Bank plc. LaTnbeth North Branch SE17HW
TrusÉees
The rnpniher% nf Ihe PCC ut the Iriisiees of tli¢ ¢hariTh' lor the piirposes ol chariti. laiw. and tlirouL7hout this repon <ire
Lolleciii'eli" relerred to
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LA[BETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Members of ihe PCC are either eX-Ole10 or el¢cted b!. Ihe Annual Parochial Cliurch Meetinij IAPCMI accordance i'iih the Chiirch Represeniaiion Rulc5.
THE PAROCHIAL CHURCII COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YF.AR ENDED31 DECEMBER2023 Approi'ed bi. Ihe PCC on ?0•3 aiid signed on ils behalf b%,= Angi1% Axga#rd Chair CHU L-J .
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLF.SIASTICAL PARISH OF NORTH LAMBETH
TRUSTEES, ANNUAL REPORT
UK JHE YEAK ENDED31 DECEMBER 2023
Goi'ernanee lnernent
The PCC is a corporaie bodi. established bv the Church of En,,land.
(ioverning document.. The operaiitsns. Slructiir¢ and objectives of the PCC are laid doi¥n in a¢¢ordance iiiih the PCCS
IPoi¥etsI Measure 19)6 and Chiirch Representation Rules as atnendLd and replaced iii Januarn. ?010.
ointment ol'menibers ol-th¢ PCC= Membership of tlie Area Councils consists of lex-ol'ficiol the r¢levant Area bishop
and arehdeacon. the area deic ng aiid the lai'_chairs of the d¢an¢rn sjnods tli¢ Area. and <1 nLimber of members elected
bj th¢ mellirS of Ihe deaner%' s} nods iii tli¢ Are2c. VOtiniF
bs. liouses. Tht Council has no poii.ers of co-option tKcepi
th£11 £ini' assistant bishop sering in the Area m2!. be invited to beconie a Inember.
Members of the PCC indii¢tion and Ir<iininL= Neil. niemrS of tlie PCC iinderLTa oritntatinn in hripf thein on their leLJal
obliiYcl1ions iind¢r Lhariti laii-. Iht conleiii of Ihe iFOI'¢ming doLiinitnl. the PCC 1£ lid deLision mic kin"
processes. recent
fin7ClaI perfotrndnLe of the chciriti. and plans for fuiure periods. E£ich men)ber sigyns a "I rustee D¢clararion as to tlieir
itrillinLNn¢ss to <iCI and ailareiiess ofihe OTgani8atinii'E nhjec.i% qer OLII in Ihe LTuVernIn doLiiments. Members ot. the
PCC (ire encoiiraÉTed ro 1£ Iiend appropri1£ le eiiern<il traiiiiiigT events ii.-hire ihese ii'ill la¢ilitaie Ilie undersiaiiding ol their
role.
lknsL mi£ n<iLFenient.- The Inembers of the PCC eKamiii¢ the Inajor ri5k"s thai rhe PCC lac¢s each fiTtaniial )'ecir iihen
prepariiiLTc 1 nd updatlTIIT
their sir£ll¢Qi. The PCC reviei%.'s 115 reserN'es poli¢! on an cliiiiiial basis lo reflect th¢ oii-goiiiu
coiicenis and needs in tlie parish 211d li.gs established a Sli-
.toinabililN Groiip iN-lii¢li 15 noiv pOrtli oil eijirj LPIII¥ 15sur5
to th¢ illeinbers. FinanLial siistainabilitl 15 a mc2jor risk. manauyed bi. Ilie niaNimisc2tioii of rental incoine bi- IlTre
re&Trular re¥ieii- ol- inionie soiirie5 and bLlnk bal£lllLes t() ¢nsiire siifficienl iiorkinLI C£ipiial is in plaLe 10 In¢¢t Pli I'll)eiiis
as IheN' f2411 diie. lajOr iioii-fink)ncial risk5 aL con&yreLJatlfJiial dccliiit diid Ilir )4if¥li ufuiir Enemb¢rs lid IIideed <111 users
of niir lacililies. parti¢iilarl! children. Th¢ clerLJi' eniTaiTe contiiiiioiisli- 1% lili niembers of il)e LollLire4iqtion Lind Ihose ot
the iiidLf Plirish coininiiiiiti 10 keep Ll)Iir¢h atteiidaiices higTh. aiid ihe app(iint¥d Parisli Saf¢giiardiniT Ol'li¢¢rs are
3ciiipuIous 111 tIicii- 0.¢151,,lL vl. LIIL PCC'5 Lijrinu r¢sp0115ibiliiies.
Structure
There ii¢ri llomi£ill1 6 nieelingTrs per i'ecif 1% lisl1. Tlie cil triilTe atiend<ince per Iiieeiii)o lias t1) ?0. Finance <ind
Siaiidin(T CoIiimiltLL' nieeiiniTS lake p5ac< Iionnalli lilo ii-eeks befor¢ eacli PCC meeiinLT.
All Ilit PCC IiieeiinLTS liaie beeii liNeli loi'uins lor discusslOlI Ot. Pcifis11 IIu5iness. dedic1c led 10 tlii. scri'ice ol-GJod aiid
the LOllTrlllllllilI' and triibtees liic ie iio doubt Ihai thei. ii'ill coniinut to be so.
Gi¥eii IES Ii'ide responsibiliiies. the PCC operaies ihroiii7
the PCC-.
h a Iiutiiber ol-coniniilt¢es ii'hich iiieet b¢ii%eeii liill ni¢¢iing5 01.
Siaiidiniy Conimitlie.. This is thc oiilN Lominiltee I'eqiiired b! li has poi¥er io Iransali Ihe business ol ihe PCC
beiii-een its ill¢eliiiiTS. siibjeii to ani direLiion Liiien bi ilie Coiincil. It coiisisis ol- ex nllici(I cler!Ti. pliiiri.li 1¥£2rdens.
tli¢ PCC SeLre{[S Jiid PCC la! Lhair.
ChurLhes Toiieih
th Pai'i.%11 2£ nd Di%iriLI Sniiilib?iik CIILifihes.' The chiirLhes iii Nonh Liinbeil)
LOI eiiiiiiied SDine ie
REGISTERED CHARI NUMBER: 1134717 REPORT OF THE TRUSTEES AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH Dominic Hill Associates Limited Archer House BrTUand Estate Northboume Road Eastboume BN22 8PW
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Tru8toes Independent Examlnorfs Report Statement of Financlal Actlvltles Balance She•t Notgs to the Flnanclal St•t•monl• 8 to 12 Detalled Statom•nt of Flnan¢lal Actlvttl 13 10 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees psent their report the financial stslements of the charity for the year ended 31 December 2023. The Iwstees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Charity number 1134717 Princlpal address 286 Kenninglon Road London SE1150U Trustees G 8rown Trustee Ms A Marchal Trustee Ms M Williams Trustee Rev S Moughlin Twslee J Hoolon Trustee Ms J Medvei Trustee Dr R Upson Trustee D James Trustee Ms F Bileghe Trustee T Shakespeare Trustee Ms C Campbell Trustee Ms S Aagaard Trustee Rev S Davidson Trustee K Yeboah Trustee D De Cruz Trustee Ms R Walter Trustee Ms E Addo-Nortey Trustee T Kidane Trustee Ms S Kennedy Trustee M5 L Mulley Trustee Ms S Wiltshire Trustee J D S Collenette Trustee Ms W Ladenika Trustee Independent Examiner Dominic Hill Associates Limiled Archer House Brilland Estate Northbourne Road Easlbourne BN22 8PW Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 0610912024 Approved by order of the board of Iruslees on and signed on its behalf by". G Brown - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH Independent examinerfs report to the trustees of The Parochial Church Council of the Ecclesiastical Parlsh of North Lambeth I report lo the charity ITuslees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of North Lambelh Ilhe Trust) for the year ended 31 December 2023. ResponsSbllltle$ and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act Independent examlner's statement Sints your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accounlanls In England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities IA¢counls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Peter D Hill FCA Dominic Hill Associates Limited Archer House 8rilland Estate Northbourne Road Easlbourne BN22 8PW Date.. L..7..... Z Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted funds Reslri¢led fvnds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 121,428 35.616 157,044 420.387 Charitable activitles Charitable 20,184 20,184 26,747 Investment income Other income 112.555 11,8871 112.555 {1.8871 139,050 Totsl 252,280 35,616 287,896 586.184 EXPENDITURE ON Raising funds 15.068 17,383 32.451 9,624 Charitable activities Charitable 258,075 14,532 272,607 550,066 Total 273.143 31.915 305,058 559,690 Nel gainslllossesl on investments 1.488 1.489 13641 NET INCOMEIIEXPENDITUREI 120.8621 5.189 115,6731 26,130 RECONCILIATION OF FUNDS Totsl funds brought forward 110,251 80,058 190,309 164.179 TOTAL FUNDS CARRIED FORWARD 89,389 85.247 174,636 190,309 The notes fomi part of these financial slalements Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH BALANCE SHEET 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unreslricled Restricted funds funds Notes FIXED ASSETS Tangible assets Investments 4,288 20.789 4.288 50,082 29,293 48,579 25,077 29.293 $4,370 48,579 CURRENT ASSETS Debtors Cash al bank 24.424 61.802 24,424 118.936 32,195 123,866 57,134 86,226 57,134 143,360 156,061 CREDITORS Amounts falling due within one year {21,9141 11,1801 123,0941 114.3311 NET CURRENT ASSETS 64,312 55.954 120,266 141,730 TOTAL ASSETS LESS CURRENT LIABILITIES 89,389 8S,247 174,636 190.309 NET ASSETS 89.389 85,247 174.636 190,309 FUNDS Unreslricled funds Restricted funds 89.389 85,247 110,251 80.058 TOTAL FUNDS 174,636 190,309 The financial statements were approved by the Board ol Trustees and aulhorised for issue on and were signed on ils behalf by.. G Brown - Trustee The notes form part of these financial statements Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statement$ The financial slalemenls of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Retommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convention, with the exception of investments which are included al market value, as modified by the revaluation of certain assets. Income All income is recognised in the Slalemenl of Finaneial Activities once the charity has entillemenl lo the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be rèquired in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an a¢crua15 basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Tanglble flxed 888et8 Depreciation is provided al the followng annual rates in order lo write off each asset over its estimated US8ful life. Taxatlon The charity is exempl from lax on its charitsble activities. Fund ac¢ountlng Unreslricled funds can be used in aCrdance with the charitable objectives al the discretion of the Iruslees, Reslricled funds can only be used for particular restricted purposes within the objects of the charity, Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial slalemenls. INVESTMENT INCOME 2023 2022 Property rentals Use of the Churche$ Interest receivable - trading 111,181 1,360 14 135.550 3,500 112,555 139,050 Page 6 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REMUNERATION AND BENEFITS 2023 2022 Trustees, salaries 31.231 23,814 Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled fttnds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 127,272 293,115 420,387 Charitable actlvlti¢s Charitable 21.279 26,747 Investment income 139,050 139,050 Total 287.601 298,583 586,184 EXPENDITURE ON Raising funds 9.624 9,624 Charitable activities Charitable 251,136 298,930 550,066 Total 260.760 298.930 559.690 Net gainslllossesl on investments {81 (3561 13641 NET INCOMEIIEXPENDITUREI 26.833 17031 26.130 RECONCILIATION OF FUNDS Total funds brought forward 83,418 80,761 164.179 TOTAL FUNDS CARRIED FORWARD 110,251 80.058 190.309 Pa9e 7 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Plant and machinery COST Additions 5,717 DEPRECIATION Charge for year 1,429 NET 800K VALUE Al 31 December 2023 4,288 At 310ecember 2022 FIXED ASSET INVESTMENTS Listed inve51menls MARKET VALUE At 1 January 2023 Revaluations 48,579 1,503 Al 31 December 2023 50,082 NET BOOK VALUE Al 31 December 2023 50,082 At 31 December 2022 48,579 There were no investment assets OUtse the UK Cost or valuation at 31 December 2023 is represented by.. Listed investments Valuatn in 2023 Cost 1,503 48,579 50.082 Page 8 ontinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAM8ETH NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEMBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments and accrued income 12,750 1,794 9.880 17.333 6.500 8.362 24,424 32,195 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxation and social security Other creditors 1.975 21.119 1,482 12,849 23,094 14.331 MOVEMENT IN FUNDS Net movement in funds Al 31.12.23 Al 1.1.23 Un$1cted funds General fund Parish Reserve Parish Development Parish Conbngen¢y 89,477 19,090 1.285 399 (20.8761 68,601 19,090 1,296 402 11 110,251 120.8621 89.389 Restricted funds Kenninglon Kitchen Sl An5elm's Development Fund Sl Marls Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 81 18,204 7,506 26,462 21,487 6.318 81 38.591 13601 17,642 22,175 7,118 20.387 17,8661 18,8201 688 800 80.058 5.189 85.247 TOTAL FUNDS 190,309 {15,6731 174.636 Page 9 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - contlnuèd FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- contlnued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish Development Parish Contingency 252.266 11 1273,1431 120,8761 11 252,280 Restricted funds Sl Anselm's Development Fund St Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 1273,143) 120,8621 30,406 5,210 110,019} 113,0761 {8.8201 20.387 17,866} 18,8201 688 800 688 800 35,616 131,915) 1.488 5,189 TOTAL FUNDS 287,896 1305,0581 1.489 (15.6731 Comparatlves lor movement In funds Net movement in funds At 31.12.22 Al 1.1.22 Unrostricted funds General fund Parish ReseNe Parish Development Parish Contingency 62,636 19,128 1.262 392 26,841 1381 23 89.477 19.090 1.285 399 83,418 26,833 110.251 Restrlcted funds Kenninglon Kitchen Sl Anselm's Development Fund Sl Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 81 27,624 1471} 25,366 21,209 6.952 81 18,204 7,5C6 28.462 21,487 6,318 19,4201 7,977 1.096 278 16341 80.761 17031 80,058 TOTAL FUNDS 164,179 26,130 190,309 Page 10 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued Compafative nel movement in funds, included in the above are as foll¢)WS". Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish Reserve Parish Development Parish Contingency 287,601 1260,7601 26,841 1381 23 138) 23 287,601 1260.7601 181 26,833 Re8trl¢tgd funds Sl Anselm's Development Fund Si Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smilh 282,796 10.319 5,468 1292,2161 {2,3421 (4 3721 19,4201 7,977 1,096 278 {6341 278 {6341 298,583 1298.9301 13561 17031 TOTAL FUNDS 586,184 {559.6901 13641 26,130 A current year 12 months and piior year 12 months combined position is as follows.. Net movement in fvnds Al 31.12.23 At1.1.22 Unre8trletod fund• General lund Parish Reserve Parish Development Parish Contingency 62.636 19,128 1.262 392 5,985 1381 68,601 19,090 1,296 402 10 83,418 5,971 89,389 R•strlcted funds Kenninglon Kitchen Sl Anselm's Development Fund Sl Mary's E¢0 Church Mission G¢ving Fund Salamanca House Deaconess Pearson Smith 81 27.624 14711 25.366 21.209 6,952 81 38,591 13601 17,642 22,175 7,118 10.967 111 17,7241 966 166 80.761 4,486 85,247 TOTAL FUNDS 164,179 10,457 174,636 Page 11 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued A ¢urrenl year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follow5". Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish ReseNe Parish Development Parish Contingency 539,867 1533,9031 5,965 1381 1381 23 10 539.881 1533,9031 171 5,971 Restricted funds Si Anselm's Development Fund Si Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pear50n Smith 313,202 15,529 5,468 1302,2351 115,4181 113,1921 10,967 111 17,7241 966 166 966 166 334.199 1330,8451 1,132 4,486 TOTAL FUNDS 874,080 (864,7481 1,125 10,457 10. RELATED PARTY DISCLOSURES There were no related party transaction5 for the year ended 31 December 2023. Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donatlon8 and legacles Gifts Donations Grants Insurance claim 38,773 50,462 65,660 2,149 44,706 7,864 367,817 157,044 420,387 Investment Income Propety rentals Use of the Churches Interest receivable - trading 111,181 1,360 14 135,550 3.500 112.555 139,050 Chorltable actlvltle8 Parish fees Health Ministry Parish Fete 357 1,003 18,824 1,036 455 25,256 20,184 26,747 Othor Income Tax refund 11,8871 Total Incomlng resources 287,896 586,184 EXPENDITURE Ralilng don4tlons and legacle8 Parish lele Parish fees 23,984 7,038 8,847 777 31,022 9,624 Other trJdlng actlvltle8 Plant and machinery 1,429 Charltable activltles Trustees. salaries Wages Telephone Church repairs & maintenance Church services & ulililies Propety repairs & management worship Carried forward 31,231 31.200 23,814 30,049 6,860 26.766 45,238 13,265 1S4.602 303.243 16.016 36.693 6,135 415.950 This page does not form part of the stalulory fin8neial slalements Pa9e 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Charltable actlvitle$ Brought forward Missionary & charitsble giving Clergy expenses Quota Music salaries and cost Support costs 154,602 1,699 5,422 77,000 6,617 23,279 415,950 5,122 9,160 73,000 18,469 22,351 268,619 544,052 Support costs Finance Bank charges 1,088 1,574 Governance costs Accountancy and legal fees 2.900 4,440 Total resources expended 305.058 559.690 Net lexpenditurellincome before gains and losses {17,1621 26,494 Realised recognised galns and losses Realised gainslllossesl on fixed asset investments 1,489 Net lexpendlturelllncome 115.6731 26,494 This page does not form part of the $18tulory financial statements Page 14
REGISTERED CHARI NUMBER: 1134717 REPORT OF THE TRUSTEES AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH Dominic Hill Associates Limited Archer House BrTUand Estate Northboume Road Eastboume BN22 8PW
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Tru8toes Independent Examlnorfs Report Statement of Financlal Actlvltles Balance She•t Notgs to the Flnanclal St•t•monl• 8 to 12 Detalled Statom•nt of Flnan¢lal Actlvttl 13 10 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees psent their report the financial stslements of the charity for the year ended 31 December 2023. The Iwstees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Charity number 1134717 Princlpal address 286 Kenninglon Road London SE1150U Trustees G 8rown Trustee Ms A Marchal Trustee Ms M Williams Trustee Rev S Moughlin Twslee J Hoolon Trustee Ms J Medvei Trustee Dr R Upson Trustee D James Trustee Ms F Bileghe Trustee T Shakespeare Trustee Ms C Campbell Trustee Ms S Aagaard Trustee Rev S Davidson Trustee K Yeboah Trustee D De Cruz Trustee Ms R Walter Trustee Ms E Addo-Nortey Trustee T Kidane Trustee Ms S Kennedy Trustee M5 L Mulley Trustee Ms S Wiltshire Trustee J D S Collenette Trustee Ms W Ladenika Trustee Independent Examiner Dominic Hill Associates Limiled Archer House Brilland Estate Northbourne Road Easlbourne BN22 8PW Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 0610912024 Approved by order of the board of Iruslees on and signed on its behalf by". G Brown - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH Independent examinerfs report to the trustees of The Parochial Church Council of the Ecclesiastical Parlsh of North Lambeth I report lo the charity ITuslees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of North Lambelh Ilhe Trust) for the year ended 31 December 2023. ResponsSbllltle$ and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act Independent examlner's statement Sints your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accounlanls In England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities IA¢counls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Peter D Hill FCA Dominic Hill Associates Limited Archer House 8rilland Estate Northbourne Road Easlbourne BN22 8PW Date.. L..7..... Z Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted funds Reslri¢led fvnds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 121,428 35.616 157,044 420.387 Charitable activitles Charitable 20,184 20,184 26,747 Investment income Other income 112.555 11,8871 112.555 {1.8871 139,050 Totsl 252,280 35,616 287,896 586.184 EXPENDITURE ON Raising funds 15.068 17,383 32.451 9,624 Charitable activities Charitable 258,075 14,532 272,607 550,066 Total 273.143 31.915 305,058 559,690 Nel gainslllossesl on investments 1.488 1.489 13641 NET INCOMEIIEXPENDITUREI 120.8621 5.189 115,6731 26,130 RECONCILIATION OF FUNDS Totsl funds brought forward 110,251 80,058 190,309 164.179 TOTAL FUNDS CARRIED FORWARD 89,389 85.247 174,636 190,309 The notes fomi part of these financial slalements Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH BALANCE SHEET 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unreslricled Restricted funds funds Notes FIXED ASSETS Tangible assets Investments 4,288 20.789 4.288 50,082 29,293 48,579 25,077 29.293 $4,370 48,579 CURRENT ASSETS Debtors Cash al bank 24.424 61.802 24,424 118.936 32,195 123,866 57,134 86,226 57,134 143,360 156,061 CREDITORS Amounts falling due within one year {21,9141 11,1801 123,0941 114.3311 NET CURRENT ASSETS 64,312 55.954 120,266 141,730 TOTAL ASSETS LESS CURRENT LIABILITIES 89,389 8S,247 174,636 190.309 NET ASSETS 89.389 85,247 174.636 190,309 FUNDS Unreslricled funds Restricted funds 89.389 85,247 110,251 80.058 TOTAL FUNDS 174,636 190,309 The financial statements were approved by the Board ol Trustees and aulhorised for issue on and were signed on ils behalf by.. G Brown - Trustee The notes form part of these financial statements Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statement$ The financial slalemenls of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Retommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convention, with the exception of investments which are included al market value, as modified by the revaluation of certain assets. Income All income is recognised in the Slalemenl of Finaneial Activities once the charity has entillemenl lo the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be rèquired in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an a¢crua15 basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Tanglble flxed 888et8 Depreciation is provided al the followng annual rates in order lo write off each asset over its estimated US8ful life. Taxatlon The charity is exempl from lax on its charitsble activities. Fund ac¢ountlng Unreslricled funds can be used in aCrdance with the charitable objectives al the discretion of the Iruslees, Reslricled funds can only be used for particular restricted purposes within the objects of the charity, Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial slalemenls. INVESTMENT INCOME 2023 2022 Property rentals Use of the Churche$ Interest receivable - trading 111,181 1,360 14 135.550 3,500 112,555 139,050 Page 6 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REMUNERATION AND BENEFITS 2023 2022 Trustees, salaries 31.231 23,814 Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled fttnds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 127,272 293,115 420,387 Charitable actlvlti¢s Charitable 21.279 26,747 Investment income 139,050 139,050 Total 287.601 298,583 586,184 EXPENDITURE ON Raising funds 9.624 9,624 Charitable activities Charitable 251,136 298,930 550,066 Total 260.760 298.930 559.690 Net gainslllossesl on investments {81 (3561 13641 NET INCOMEIIEXPENDITUREI 26.833 17031 26.130 RECONCILIATION OF FUNDS Total funds brought forward 83,418 80,761 164.179 TOTAL FUNDS CARRIED FORWARD 110,251 80.058 190.309 Pa9e 7 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Plant and machinery COST Additions 5,717 DEPRECIATION Charge for year 1,429 NET 800K VALUE Al 31 December 2023 4,288 At 310ecember 2022 FIXED ASSET INVESTMENTS Listed inve51menls MARKET VALUE At 1 January 2023 Revaluations 48,579 1,503 Al 31 December 2023 50,082 NET BOOK VALUE Al 31 December 2023 50,082 At 31 December 2022 48,579 There were no investment assets OUtse the UK Cost or valuation at 31 December 2023 is represented by.. Listed investments Valuatn in 2023 Cost 1,503 48,579 50.082 Page 8 ontinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAM8ETH NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEMBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments and accrued income 12,750 1,794 9.880 17.333 6.500 8.362 24,424 32,195 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxation and social security Other creditors 1.975 21.119 1,482 12,849 23,094 14.331 MOVEMENT IN FUNDS Net movement in funds Al 31.12.23 Al 1.1.23 Un$1cted funds General fund Parish Reserve Parish Development Parish Conbngen¢y 89,477 19,090 1.285 399 (20.8761 68,601 19,090 1,296 402 11 110,251 120.8621 89.389 Restricted funds Kenninglon Kitchen Sl An5elm's Development Fund Sl Marls Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 81 18,204 7,506 26,462 21,487 6.318 81 38.591 13601 17,642 22,175 7,118 20.387 17,8661 18,8201 688 800 80.058 5.189 85.247 TOTAL FUNDS 190,309 {15,6731 174.636 Page 9 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - contlnuèd FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- contlnued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish Development Parish Contingency 252.266 11 1273,1431 120,8761 11 252,280 Restricted funds Sl Anselm's Development Fund St Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 1273,143) 120,8621 30,406 5,210 110,019} 113,0761 {8.8201 20.387 17,866} 18,8201 688 800 688 800 35,616 131,915) 1.488 5,189 TOTAL FUNDS 287,896 1305,0581 1.489 (15.6731 Comparatlves lor movement In funds Net movement in funds At 31.12.22 Al 1.1.22 Unrostricted funds General fund Parish ReseNe Parish Development Parish Contingency 62,636 19,128 1.262 392 26,841 1381 23 89.477 19.090 1.285 399 83,418 26,833 110.251 Restrlcted funds Kenninglon Kitchen Sl Anselm's Development Fund Sl Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smith 81 27,624 1471} 25,366 21,209 6.952 81 18,204 7,5C6 28.462 21,487 6,318 19,4201 7,977 1.096 278 16341 80.761 17031 80,058 TOTAL FUNDS 164,179 26,130 190,309 Page 10 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued Compafative nel movement in funds, included in the above are as foll¢)WS". Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish Reserve Parish Development Parish Contingency 287,601 1260,7601 26,841 1381 23 138) 23 287,601 1260.7601 181 26,833 Re8trl¢tgd funds Sl Anselm's Development Fund Si Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pearson Smilh 282,796 10.319 5,468 1292,2161 {2,3421 (4 3721 19,4201 7,977 1,096 278 {6341 278 {6341 298,583 1298.9301 13561 17031 TOTAL FUNDS 586,184 {559.6901 13641 26,130 A current year 12 months and piior year 12 months combined position is as follows.. Net movement in fvnds Al 31.12.23 At1.1.22 Unre8trletod fund• General lund Parish Reserve Parish Development Parish Contingency 62.636 19,128 1.262 392 5,985 1381 68,601 19,090 1,296 402 10 83,418 5,971 89,389 R•strlcted funds Kenninglon Kitchen Sl Anselm's Development Fund Sl Mary's E¢0 Church Mission G¢ving Fund Salamanca House Deaconess Pearson Smith 81 27.624 14711 25.366 21.209 6,952 81 38,591 13601 17,642 22,175 7,118 10.967 111 17,7241 966 166 80.761 4,486 85,247 TOTAL FUNDS 164,179 10,457 174,636 Page 11 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued A ¢urrenl year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follow5". Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Parish ReseNe Parish Development Parish Contingency 539,867 1533,9031 5,965 1381 1381 23 10 539.881 1533,9031 171 5,971 Restricted funds Si Anselm's Development Fund Si Mary's Eco Church Mission Giving Fund Salamanca House Deaconess Pear50n Smith 313,202 15,529 5,468 1302,2351 115,4181 113,1921 10,967 111 17,7241 966 166 966 166 334.199 1330,8451 1,132 4,486 TOTAL FUNDS 874,080 (864,7481 1,125 10,457 10. RELATED PARTY DISCLOSURES There were no related party transaction5 for the year ended 31 December 2023. Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donatlon8 and legacles Gifts Donations Grants Insurance claim 38,773 50,462 65,660 2,149 44,706 7,864 367,817 157,044 420,387 Investment Income Propety rentals Use of the Churches Interest receivable - trading 111,181 1,360 14 135,550 3.500 112.555 139,050 Chorltable actlvltle8 Parish fees Health Ministry Parish Fete 357 1,003 18,824 1,036 455 25,256 20,184 26,747 Othor Income Tax refund 11,8871 Total Incomlng resources 287,896 586,184 EXPENDITURE Ralilng don4tlons and legacle8 Parish lele Parish fees 23,984 7,038 8,847 777 31,022 9,624 Other trJdlng actlvltle8 Plant and machinery 1,429 Charltable activltles Trustees. salaries Wages Telephone Church repairs & maintenance Church services & ulililies Propety repairs & management worship Carried forward 31,231 31.200 23,814 30,049 6,860 26.766 45,238 13,265 1S4.602 303.243 16.016 36.693 6,135 415.950 This page does not form part of the stalulory fin8neial slalements Pa9e 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Charltable actlvitle$ Brought forward Missionary & charitsble giving Clergy expenses Quota Music salaries and cost Support costs 154,602 1,699 5,422 77,000 6,617 23,279 415,950 5,122 9,160 73,000 18,469 22,351 268,619 544,052 Support costs Finance Bank charges 1,088 1,574 Governance costs Accountancy and legal fees 2.900 4,440 Total resources expended 305.058 559.690 Net lexpenditurellincome before gains and losses {17,1621 26,494 Realised recognised galns and losses Realised gainslllossesl on fixed asset investments 1,489 Net lexpendlturelllncome 115.6731 26,494 This page does not form part of the $18tulory financial statements Page 14