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 i￿1th tlie Financial Reportin# Standard applicable in (he UK {FRS 10?) {ellectii'e l Januar). ?0 l il. Aim and purposes The Ntsnh L. 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 i￿1th the Llergi.. the PCC maintaiiis an oTrervieii' of its iiorship and orher aiiib iii¥b , morning toddler tsroup. Church Mic¢ has a strong number of loj'al attenders.. predominantli. child lliinders and linder _is: K¥'iih their FTrrenis. Adult. are offered coffci from thc church cotlcc stall. Nvliicli is ijiuili Gippf¢Lldi¢d. The Iroiip reli¢5 mainlK' on iTrord ol mouth and an averaLi¢ iTreek mi{Jht 5¢¢ ?0 children and their paren15 or carers bui there are frequenilN' spik'es ivhere ￿onI. more appear. MinisieriniT to children and lamilies is especilE Ill. helped bN' the.lllTsai￿ ministrn. principle.. there is tnuLh oierlap bet￿￿'ten Suiidaj. SLhool. Cliurch Mice. scliool chaplainc!. hospital chaplaincs. Éind Boi's Bri_ Tade. The school chaplain taLes til-o a53iinblies cach iv¢¢k- aiid uiilsiLir Iliis enu￿l￿T¢s i￿.1117 parenis and 5raff. as ii'ell as children and ministers to those of other faiths or none. as iitll as eiisiiniF cliurchLFoers. One afternoon a 1￿Cek is spent in tlie F.velina Children s Hospital, cov¢rino three iiard5 offerin¢T pastoral care 10 an averaoe of 10 children and lamilies a iieek. Conimuniti.: The ¢hiirch's involvcmeiit in the lite of the COniTniiniti' continues tn be stron!7 active incliiding our N'oiiih oulrei< Lh aiid IoLal schools. RepresLiilino the Parish. Ihe cleriTI coiilinue to LT¢I ini'olved in tli¢ coininunity ftillilljiiLI a varieii of dil-ferinij Éll)L1 Intluential rolcs. This is reflected in the lis¢ ol'our SP£iLes ai)d ini'olvetnent li ith ihe Pelicaii Nursern.. as ￿￿ell as ChanLie Up i￿h0 Ic)ok out lor our m2fLTinalised N'oiin17 persons lookinij to start up their ol￿n businesses. based in Si Anselni s Hall. The Pelican Niirsen.. ii.hich is still olferin&7 some free biirsaTr' spaces lor local parisli children ii-ho LOLild not otherii'ise al-lTrrd it. coniiniie5 to ilirive and have healthi ii-Jiting lisis for its nLirser>' and bttbi. nursery. Both siles ii.ere rated 'Good- in their most recLnt Ofsted reports. Central to respoiidiriu her¢ in North Lainbeth is to be a church thai is full!. enyued in tht life of parishioiiers. creatini7 cominiinit5' 1< nd fosterin" healthi relationships. F¢t¢.' The fete lor ?Oj.j i%'a5 a LTreai SilLLess i￿1th an esiimaled arrendcin¢¢ ot ?000 people in the rdens ntr T An)￿th PalaLe. Eacli l'ear il is oiir lic rijest cc)Ininiinit} e￿ent. or¥Janised b! a commiltee ol. coniireilciale M115ic Director also lcic d Youn,, Voices. an alier-%ch(Inl c.hildrpii s chL)ir hiLh sings for chiircli gerbiees Jnd other ekent= RicinilN' i%'i Ii*vi sit LIP a neil chDr471 scliolarship scheine lor local i'oiini) tKople siiiiiiniw iTrith us in chiirch on a SLind£ll. St Anselm s st¢el pan iTroup has <7 taithfiil folloii ingT of children and adults and r¢hearses eN'ery Suiidai. afier the l Oain seri1¢¢. Res on5ibl¢ Carini¥: A5 rlqiiired bi Ilie Diocese. the PCC LL)mpl¢ied their SaltgTll4irdini Aiidit online in Noi¢mber ?018. 'fhere are ciirrentli lii.e P£irisli Saleiiilc rdiii,, OfTi¢¢rs IPSOS). all ol I￿h01n hai'¢ been on a salegTlliirdini? Loiirse held bi. Ihe Dioce" e. Their rolls tirL lo niak'i siiie haN'¢ a 51£ Ir Cliiiiili (IIid iu ensiir¢ oiir poliL T¢S the d¢velopment. Detailed design i￿OrK 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 P￿i￿ra1 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 '. Cliurcliii-ardens= Susaniiali iltshire Ton) ShrenLe Bile, Ani4idine rehql Maiilda Il'illii4 n)5 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-O￿le10 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 ￿l￿n￿￿ernent 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¢ melli￿rS 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 ser￿ing in the Area m2!. be invited to beconie a Inember. Members of the PCC indii¢tion and Ir 10 Ii'ork iuiieiher on rious issues lind lor representati￿eS ol'ei£ cli orth¢ chiirches lo Intet Clirist1111 Aid CiTriniiiillee'. T'hL ILiil4 l ¢ciiniLIIiL.II C'liristi'in Aid Coniniitt¢¢. li liiLli proiiioies Cliristlcin Aid piiblicli.. pl£ins 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 p￿sent 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 aC￿rdance 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 OUts￿e the UK Cost or valuation at 31 December 2023 is represented by.. Listed investments Valuat￿n 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￿$1￿cted 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 p￿sent 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 aC￿rdance 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 OUts￿e the UK Cost or valuation at 31 December 2023 is represented by.. Listed investments Valuat￿n 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￿$1￿cted 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