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← The Parochial Church Council Of The Ecclesiastical Parish Of North Lambeth

2024-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The members of the Parochial Church Council (PCC) are pleased to present their report to£ether with the audited Financial statements of the PCC for ihe )'ear ended i l December 20?4. The financial statements have Ixen prepared in accordance iTrith the accountino policies set out in notes to the accounts and compl). Ivith the charity, s governin(F document: the Charities Act 201 I: Ihe Charities Statement of Recommended Practice ("SORP (FRS 102)") applicable to charities preparin2 their report and financial statements in accordance ivith the Financial Reportin¥ Standard applicable in the UK (FRS I O?) (effective l JanuaT)' 201 i). Aim 2nd purpose5 The North Lambeth Parish PCC has Ihe responsibiliiN' of iiorkino in the parish M'ith the cleroN' in promoting the ivhole mission of ihe church - pastoral, ¢vano¢listic. social and ecumenical. It also has maintenance responsibilities for St Anselm's Church. too¢th¢r ii'ith other propertie5 - Havilland House. 28 Hal'man's Point: St Anselm s Church Hall: three oaraoes and a car park. Under a lease auJeement siuned ivith the Diocese in ?019. North Lambeth Parish also assumes responsibilitN' for major eiternal repairs for St Peter s House: Vauxhall. Objectii-es and actiTr'i¢ies The PCC 15 committed to enablino &s manN' people as trf)ssible 10 I￿orShIp at its churches and to be parl of the parish community of North Lambeih. In cooperation i%.'ith the clerLJ!'. the PCC Tnaintains an overvieiv of lis i￿Orship and other activities and mak-e5 5ugLJesiions on hoii. theN' can besi serve the eiisting conureiyation and benefil and involve others that live ithin or around the parish. The PCC'S services and ii'orship pui faiih into praclice through pra)'er. the stud). of scriplure: music and sacrament. When plannin(T ils actii'ities. the clerLn' and the PCC hai'e considered the Charih- Cornmission's LJuidance on public bcn¢tit. and particularlK' Ilie spccitlc C7Liidance for charities on the advancement of relioion. The PCC aims to enable ordinar¥. people to live out their faith as part of its parish communiN" throu_Lh- Ivorship and pral'er, IN'ith regular serb'ices open io all and mak-ino sacred space available for prd%'er and conlemplalion. helpini, people to leam aboul the Chrislian faith: increase their understanding of it and develop (heir relationship .'iih Jesus: offeriniF pastoral care. includinLI ViSitin(y the sick- and b¢reaNed: advancincy Christian education- and SUPPOrtin? the mi55ion of ihe church both ii'ithin and be1.ond the parish ihrouoh prai'er. interest and involvenieni as i%ell as financialli.. includin? support for ecumenical initiaiives. ii'ork overseas and anN' other silualions ￿￿'here members believe God is at ivork- and calls them to serve him. To t-acilitate ihis I￿Ork. li is importanl that the churches and other church properties are properl%. manaued and maintained. The tnembers of the PCC also believe ihai it is a valuable part of the church's mission to mak-e the buildings available for use bN" the ￿￿'1der communih.. both to seThe the communit)- and offer a link- betii'een il and the church. AchieTr'ements and performance Worshi iniJ Numbers.. The congregation has maintained a health). attendance. in spite of ihe inier regnum and continues to represeni the diw¢rse communit!. ol. KenniniJion-Nonh Lambeth Parish. 0￿.erall the number of people "orshippints in the Parish this N'ear has remained siead!.. The number of l'ounL ￿Ople aitendini? il'orship in ihe parish is significant as are the resources li'e pul into this imix)rtant area of minislr).. PauL. I

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Worshi The reoular 8am and l Oam SundaN' services remain iiell attended. The ii'eekl!. eN'ening service provides a time for qiiiet mediati¥'e ii'orship and mid-ii'eeK- Eucharist minisiers to our older members of ihe congregalion. Sung Ni,,ht Praver (Compline) on a Sunda%. evenino offers a more reflective sts'le of ii-orship. accompanied by beautiful rnusic. Children and Families: SundaN' School continues to attract an average of '. children per iieek. and lak-es place in the creche room in church. At the start of Ihe )'ear. sessions ii-ere n)n bi, our Childrens and Fatnilies Minister and after theN' left in the summer, has been run bl. a rollin(I rota of volunteers. Some of the older children help out and oversee the younoer members, modelling excellent kha¥'iour to the i'ounoer children. Thursda!. mornin? toddler £roup, Church Mice has a strono number of loN'al attenders: predominantl J, child minders and under is: Ivith their parents. Adults are oflered coffee from the church cotfee siall. Ivhich is much appreciated. The yroup relies mainlN' on ii.ord of mouth and an averd?e ii.eek might see ?0 children and ihekr parents or carers but there ar¢ frequenil), spikes ii.'here man). more appear. Ministerino lo children and families is especiall). helped b). the jioJaiv ministr%. principle: there is much overlap betiN'een Sunda), School: Church Mice, school chaplainc!.. hospilal chaplaineN' and BON'S" Briiiade. Unlil the autumn term, the school chaplain ￿￿'aS iakinLTh lil'o assemblies each ii'eek and oulside this engJacJiniF I￿lIh parenls and staff, a5 ivell as children and ministers to those of other faiths or none. as ii'ell as existino churchgoers. Since the autumn: there has been no dedicaled Childrens & Families Minister. Communits.: The church"s involvement in the life of the communits- continues to be stron? and active including our )'ouih outreach and local schools. Representing the Parish. Ihe clergN' continue to get involved in the communit>, fulfillin¢i a variell. of di I't"eriniJ and influenlial roles. This is reflected in ihe use of our spaces and involvement I￿.1th the Pelican Niirsern.. The Pelican Nursen.. ii-hich is still otYerin2 some free bursarN' spaces for local partsh children ii,ho coiild nol oiheni'ise al't"ord it. conlinues to thrive and have healthi. iiailincw lists t-or its niirserN' and bab!. nurseTh'. Both sites iierc rated ' Good. in their most recent Ofsted rerK)rts. Central 10 responding to our callin(y here in North Lambeili is to be a chiirch that is fiilli. ¢noaoed in the life of parishioners. creatino communitN' and fosterin(F healih), relationships. Feie.. The fete for ?0?4 II"as a L7reai success ii'ith an eslimaled attendance of ?000 people in the uardens of Lambcth Palace. Eacl) l'ear it is our larLFe5t communiN' el'ent. oroanised bN- a committee of conoreiyational volunteers and the stalls ar¢ staft.ed bN- a ii-ide raniJe of people t-rom ihe conore?ation. It i1&5 a happ!. occasion: enjo)'ed bi, all ii'lio aitended. Music.. The church has a Musical Director iiho provides accompanimeni for our reL?ular services and rehearses our rei7iilar adult choir I￿hIch leads music on Siinda!. morninLF5. The Music Director and Associate Music Director also lead Youni? Voices. an after-school children s choir ii'hich sinos for church seTr'ices and oiher events. Our aulion¢d choral scholarship scheme for local I'ouniJ people rehearse each ii'eeK- and sinii in church eN"er!" SundaN' durinc) tenntime. St Anseltn s sieel pan oroup ha5 a faithful folloiiints of children and adults and reliearses eiern. SundaN" after ihe l Oam serN'ice. Res onsible CarinLF.. There are curr¢ntli' tii'o Parish SafeLiuardin4F Olficers (PSOS). both of ii,hom have been on a safeouarding course held bN' the Diocese. Their roles are lo make sure il'e have a safe Church and to ensure our policies and prdCtice5 concerniniy our children and N'ulnerable adulis: ￿]d those iwho supervise them: are k-ept up to date. Volunteers: Contribiitions to parish lit-e bl. conc?reiialional members are loo numerous to mention indiN'iduallN'. and incliide teachinLI SLindaN' School. sern'ice preparation readiniy serN'inLJ initrcessini) lock'in(? and unlock-illL buildin2S. riinninu oiir atU]11<11 fete. launderints linen. and orcyantsinil sales. etc. There is an onnoino n¢¢d to further develop ourselve5 as a livinti bodi. bi. encourac¥in4F la!. and non-paid participaiion in all spheres of mini51Tr'.

THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 St Anselm s Sile DeN'elo ment: The Parish continues to ii'ork- i%"ith lis selected development partner, Rocco Homes. to develop land to the rear of the church. Havilland House and the current vesirn.. toilei and Parish office. Rocco propose developingj nine flats on (he site and providin(I ?70sqm of oround floor accommodation for the Parish as ii'ell as a premium of £900k-: lo mitiiFale ih¢ loss of income from Havilland House. The Parish has ne20tiated a Development Agreement and lon¥y_term lease ivith Rocco Homes i￿h[ch ii'ill require Diocesan approval. A Pasioral Measure ivill need to be ?rdnted b!. Church commissioners in order to build on the vestry, part of the site. An application for plarlnin pemiission iyas submilted in Nol'ember ?0? l. The Parish has found a lono_tenn Charil). lenant. HappN' BabN' Community for five of the unils on the lop floor of St Anselm s Hall. Financial rei'ieiv The Statement of Financial Aciivities (SOFA) Shol￿S a nei deficit on ihe Unrestricted Funds for the N'ear of £17,6J) deficit of £?0.86? . Note 17). Unreslricled resern'es stand at £71:7)4 at J l December ?0?) {?0?2= £89,J89) after Qains on investments of £?:47) {?0?) oains of £ l ). Total restricied fund balances stood at £46:9?8 as at i l December ?0?4 (?02i= £8j:?47} after gains on investments amounlin£ to £ l.i40 (?O?j oains of £1.488). Resern'es polic), It is PCC polici. to maintain a balance on unreslricted funds. il" possible. su￿1Clent 10 support ai leasl three months unreslricied paN'menls. equivalenl to some c. £6i.000 durinu ?0?4. The lonu_lerln aim is lo be financiallN' self Slifticienl K%'ith repaired and LIP to date bliildings and. ii"herei"er possible. contribulions io the Parish Support Fund. Unreslricted t-unds noii. sland ai £71.7i4. This is oi.'er Ihe iapJei. The PCC is reliant on (he coniinuin¥v support of ils conLTrrec)ation and oiher COTllTllLinit)' conliibulOt5: and maiimisini) prop¢rt!' rentals. Historicall). the PCC has had several desigynated funds inlended lo provide reserves for funding repairs to buildin(Js or fiirther shortlalls in ihe current accoiint. li li'as decided •0?0 10 5implifi' these funds to give a much simpler vieii.. to the PCC ot" funds and a niuch closer al jonment of funds lo bank accounts. Noii- thal the unrestricted fund balance is meLtini? Ihe iarcyet Ihe PCC. ii'iih suppori from ihe tinance committee. ii'ill look to fr"Iirther seLitnent ihe lunds to support reserves for longer tenn iniliatii'es and ini'esltnenls. In%'estment poii.ers and polic*. In <iccordiince ii-ith the Church Representation Rules. the mem1￿rS of the PCC have the PK)ii-er to make an), invesnnenl .hich the}. see til. Plan5 for future periods The coniiniied oroii1h ot- our congregations. the streniJiheniniF ofchrÈsiian education and ihe serw ice iN"e provide lo one aiiother. boih in church and across the iiider Parish. continues io be our main focus. The Centenarn. ￿1¢MO￿al Sunda!- School cotnpleted on Ihe sale of Cenienarn" Hall in Ma!. ?O?O and its trustees have aLTreed in consultation i%'ith the ChariN' Commission that ihe proceeds of sale should be used for ihe dei'elopmeiil of Si Anselm s interior to bener seri'ice the needs of ihe contsreuJtion and those of current communitN' users of Centeiiarn. Hall.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 As alii'al's. il'e look foThi'ard to bein? ii'itnesses to the Gospel here in North Lambeih i￿1th real hope for the comino year, holdin2 the lilo commandments close io our heart- 10 love ihe Lord our God ii'ith all our heart. Ki.'iih all our soul, mind and strengFth. most evidenced throuoh ihe beauti. of our i￿"0rShjp= and to love our neig,hbour as ourselves. as ￿￿e continuallv lo look- oun*ard and serN'e the Parish. Pane 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Referenee 2nd administratiie details Chari number: I li4717 Princi al office- ?86 Kennintston Road. Kenninoton. London SE I l iDU PCC Secreta James Collenette Inde endent examiner" Pcier D Hill FCA Bank-ers.. NatW¢st Bank plc: Latnbeth North Branch SE17HW Truslees The members of the PCC are the trustees of the charitt. for the purwses of charilN" laiv. and throughout this report are collecliN"elN' referred to &s the n]etnbers of the PCC. The members of the PCC ivho served in office durino the N'ear and since the J'ear end ii'ere as folloiis: Key manaoement personnel Team Rector: Rev Canon Anijus Aai)aard (PCC Chair till March ?0?4) Rei Salli Hirchiner (PCC Chair from NoN'ember ?0?4) Rev Dr Sieve Da￿ldSOn Rev Sharon Moughtin Suzetle Aagaard (until Jul!. ?0?4) Associate Rector= Team Vicar (Si MaTh' s Eco-chuich): Children and Fami lies, Minister: Clergy!. Inembers ot" th¢ PCC are remunerated ihroucJ Tlieir reinLineralion is set bi. the Chiirch. h ihe Church of Enoland. ii.-hich is the effective controllino eiitit),. Chiirchii'ardens.. Susannah Wiltshire {PCC Chair from April ?0?4 - October 1014) Tom Shakespeare Representc1tii'es. Deanern" SN"nod: Omoiiiinmi Ladenika Rosie Waller Tek-ha Kidane Other elected m¢mbers'. James Collenette Gre,, Broi¥'n (Treasurer) Ri"an Gracei. Penelope HiLliam Mattheii Sparks Sarah kennedi. Emma Addo-NorteN' Ki%'aku Yeboah John Hoolon Dominic James Amadine fvlarchal latilda Williams PagL'

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Members of Ihe PCC are either e1-0￿1ClO or elected b!, the Annual Parochial Church MeelinL (APCM) in accordance iih the Church Represenlalion Rules. Governance and M2nauement The PCC is a corporate body established bN' Ihe Church of Envland. GoverninLY document: The operations: slructure and objectives of the PCC are laid doiN'n in accordance iyiih the PCC5 (Poii'ers} Nleasure 5 976 and Church Represenlation Rules as amended and replaced in JanuaTr. ?O?O. oinimenl ofmembers of the PCC: Membership ofthe Area Councils consists of(tN-officio) th¢ relevant Area bishop and archdeacon, the area deans and the lai'_chairs of the deanerN' si'nods in the Area. and a number of members elected bN' the member5 of the d¢anern' sl'nods in Ihe Area. N'otinTr bN' houses. The Council h&s no poiiiers of co-option except Ihat anN' assistant bishop servinLJ in Ihe Area ma)- be inl'ited io become a member. MeTnbers of the PCC induction and trainin... Neil" members of ihe PCC under20 orieniation to brief them on their leg?al obliTrations under charin. laii.. the conteni of the oovemino document: the PCC and decision tnak-inti processes, recent financial perfomiance of the chariti. and plans for future periods. Each member sions a Trustee Declaration as lo their 'illinoness 10 act and aii'areness of the oroanisalion's objects as set oul in the oovernino documents. Members of the PCC are encoLiraLTed 10 aiiend appropriate eiternal iraininii e￿en15 ￿￿'here these ii.ill facilitate the undersiandingy ot- their role. Risk mana Femenl: The rnemb¢rs of the PCC e.xamine the major risks that the PCC faces each financial N'¢ar ¥￿'hen prepariiiLT and updatinl. their strate2N'. The PCC reN'ieii-s its reserves policl, on an annual basi5 to reflect the on-goin concerns and nee(ts in the parish and has established a Suslainabiliti. Group ii'hicli is noii." reportiniJ on einerging issues to the members. Financial siistainabilit!. is a major risk-. manaved b!. the miximisaiion ol" renial income and bN" the re(JLilcir revie¥%.' of inconie sources and bank- balances to ensure suflTci¢nt i%ork" Ilia capital is in place to meet pal'ments as the). lall dLie. Major non-financial risk-s are coniTreLJational declTne and the safeiN" of our members and indeed all users of our facilili¢s. PclrticularlN" children. The clerLJI' enoa(Je continuouslN' ii.ith members of the congreoalion and those of the iwider parish communiti. to k-eep church atiendances ht(yh. and the apw)inied Parish Safeguardin,, Oflicers are scrupulous in their oversitsht ofthe PCC'S carin(J responsibiliiies. Structure There iiere nonnall!. 6 meetings per l'ear as is usual. The aNerdL7e aiiendance per meetinii Standino Committee meelintis tak-e place nom)all!" til'o ii-eek's before each PCC meetino. has been ?0. Finance and All tlie PCC meetin&7s hawe been lii'eli. foriinis for disciission of Parish busines5. dedicated to the service of God and Ihe comtllLinit!' and trustees have no doubt that Ihei" ii'ill coniinue 10 b¢ so. Given ils Ni"ide responsibilities. Ihe PCC operaies throuiFh a number of committees ii'hich meet beiii.een full meelini7s of the PCC: Siandints Commiiiee: This is the onl! committee required b!. laii-. li ha5 poii'er to transaci ihe business of the PCC beli¥'¢en its tneeiintss. siibject to anN' direLlion iJji'en bi. (he Council. It consists ol ei officio clerts).: church iN"ardens. the PCC secreiarn and PCC laN chair. PJgL" 6

THE PAROCHJAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Churches Touether in North Lambeth Parish and Dislrict - Southbank Churches". The churches in North Lambeth covenanted some }'ears aLYO to ivork tooether on various issues and for representatives of each of the churches io meet regularl). Christian Aid Committee= The local ecumenical Christian Aid Committee: I￿h1Ch promotes Christian Aid publicl}', plans .houi each N'ear: 15 inforniallN' related to Churches Tooeiher. events and rnises funds Ihrouc? Approved b!. the PCC on 30.". . sioned on its behalf b),: SallTr' H pccc tc ir ner

REGISTERED CHARITY NUMBER: 1134717

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 12
Detailed Statement of Financial Activities 13 to 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1134717

Principal address

286 Kennington Road London SE11 5DU

Trustees

G Brown Trustee Ms A Marechal Trustee Ms M Williams Trustee Rev S Moughtin Trustee J Hooton Trustee Ms J Medvei Trustee D James Trustee T Shakespeare Trustee Rev S Davidson Trustee K Yeboah Trustee Ms R Walter Trustee Ms E Addo-Nortey Trustee T Kidane Trustee Ms S Kennedy Trustee Ms S Wiltshire Trustee J D S Collenette Trustee Ms W Ladenika Trustee R Gracey Trustee Ms P Higham Trustee M Sparks Trustee Ms P Knight Trustee Rev. S Hitchiner Trustee Ms H Emmrich Trustee M Freeman Trustee A Moore Trustee

Independent Examiner

Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne 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 2024

Approved by order of the board of trustees 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 examiner's report to the trustees of The Parochial Church Councll of the Ecclesiastical Parish of North Lambeth I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of North Lambeth (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). 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 145151{b) of the Act. Independent examiner's Statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I 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.. 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 content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Peter D Hlll FCA Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW Date.. Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
112,635
Charitable activities
Charitable
22,623
Investment income
2
93,637
Other income
8,761
Total
237,656
EXPENDITURE ON
Raising funds
19,859
Charitable activities
Charitable
237,907
Total
257,766
Net gains on investments
2,475
NET INCOME/(EXPENDITURE)
(17,635)
RECONCILIATION OF FUNDS
Total funds brought forward
89,389
TOTAL FUNDS CARRIED FORWARD
71,754		 Restricted
funds
£
4,855
-
-
-
4,855
6,039
38,675
44,714
1,540
(38,319)
85,247
46,928		 2024
Total
funds
£
117,490
22,623
93,637
8,761
242,511
25,898
276,582
302,480
4,015
(55,954)
174,636
118,682		 2023
Total
funds
£
157,044
20,184
112,555
(1,887)
287,896
32,451
272,607
305,058
1,489
(15,673)
190,309
174,636

The notes form part of these financial statements

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

BALANCE SHEET 31 DECEMBER 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 3,216 - 3,216 4,288
Investments 6 23,395 30,833 54,228 50,082
CURRENT ASSETS 26,611 30,833 57,444 54,370
Debtors 7 23,127 - 23,127 24,424
Cash at bank 38,181 16,095 54,276 118,936
CREDITORS 61,308 16,095 77,403 143,360
Amounts falling due within one year 8 (16,165) - (16,165) (23,094)
NET CURRENT ASSETS 45,143 16,095 61,238 120,266
TOTAL ASSETS LESS CURRENT
LIABILITIES 71,754 46,928 118,682 174,636
NET ASSETS 71,754 46,928 118,682 174,636
FUNDS 9
Unrestricted funds 71,754 89,389
Restricted funds 46,928 85,247
TOTAL FUNDS 118,682 174,636

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 30 September 2025

............................................. fyCorn 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 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Property rentals
Use of the Churches
Interest receivable - trading		 2024
£
92,304
1,200
133
93,637		 2023
£
111,181
1,360
14
112,555

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continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

2024
£
Trustees' salaries
35,006
Trustees' expenses
The trustees' expenses were paid thoughout the year ending 31st December 2024.		 2023
£
31,231
4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
121,428
Charitable activities
Charitable
20,184
Investment income
112,555
Other income
(1,887)
Total
252,280
EXPENDITURE ON
Raising funds
15,068
Charitable activities
Charitable
258,075
Total
273,143
Net gains on investments
1
NET INCOME/(EXPENDITURE)
(20,862)
RECONCILIATION OF FUNDS
Total funds brought forward
110,251
TOTAL FUNDS CARRIED FORWARD
89,389		 Restricted
funds
£
35,616
-
-
-
35,616
17,383
14,532
31,915
1,488
5,189
80,058
85,247		 Total
funds
£
157,044
20,184
112,555
(1,887)
287,896
32,451
272,607
305,058
1,489
(15,673)
190,309
174,636

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2024 and
31 December 2024 5,717
DEPRECIATION
At 1 January 2024 1,429
Charge for year 1,072
At 31 December 2024 2,501
NET BOOK VALUE
At 31 December 2024 3,216
At 31 December 2023 4,288
6. FIXED ASSET INVESTMENTS
MARKET VALUE Listed
investments
£
At 1 January 2024 50,082
Revaluations 4,146
At 31 December 2024 54,228
NET BOOK VALUE
At 31 December 2024 54,228
At 31 December 2023 50,082
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
Valuation in 2023 Listed
investments
£
1,503
Valuation in 2024 4,146
Cost 48,579
54,228

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
9.
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
General fund
68,601
Parish Reserve
19,090
Parish Development
1,296
Parish Contingency
402
89,389
Restricted funds
Kennington Kitchen
81
St Anselm's Development Fund
38,591
St Mary's Eco Church
(360)
Mission Giving Fund
17,642
Salamanca House
22,175
Deaconess Pearson Smith
7,118
85,247
TOTAL FUNDS
174,636		 2024
£
7,880
2,894
12,353
23,127
2024
£
1,317
98
14,750
16,165
Net
movement
in funds
£
(20,242)
2,475
100
32
(17,635)
-
(38,053)
4,735
(6,541)
1,177
363
(38,319)
(55,954)		 2023
£
12,750
1,794
9,880
24,424
2023
£
-
1,975
21,119
23,094
At
31.12.24
£
48,359
21,565
1,396
434
71,754
81
538
4,375
11,101
23,352
7,481
46,928
118,682

Page 9

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Reserve
Parish Development
Parish Contingency
Restricted funds
St Anselm's Development Fund
St Mary's Eco Church
Mission Giving Fund
Salamanca House
Deaconess Pearson Smith
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Parish Reserve
Parish Development
Parish Contingency
Restricted funds
Kennington Kitchen
St Anselm's Development Fund
St Mary's Eco Church
Mission Giving Fund
Salamanca House
Deaconess Pearson Smith
TOTAL FUNDS		 Incoming
resources
£
237,524
-
100
32
237,656
(3,933)
4,735
4,053
-
-
4,855
242,511		 Resources
expended
£
(257,766)
-
-
-
(257,766)
(34,120)
-
(10,594)
-
-
(44,714)
(302,480)
At 1.1.23
£
89,477
19,090
1,285
399
110,251
81
18,204
7,506
26,462
21,487
6,318
80,058
190,309		 Gains and
Movement
losses
in funds
£
£
-
(20,242)
2,475
2,475
-
100
-
32
2,475
(17,635)
-
(38,053)
-
4,735
-
(6,541)
1,177
1,177
363
363
1,540
(38,319)
4,015
(55,954)
Net
movement
At
in funds
31.12.23
£
£
(20,876)
68,601
-
19,090
11
1,296
3
402
(20,862)
89,389
-
81
20,387
38,591
(7,866)
(360)
(8,820)
17,642
688
22,175
800
7,118
5,189
85,247
(15,673)
174,636

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Development
Parish Contingency
Restricted funds
St Anselm's Development Fund
St Mary's Eco Church
Mission Giving Fund
Salamanca House
Deaconess Pearson Smith
TOTAL FUNDS		 Incoming
resources
£
252,266
11
3
252,280
30,406
5,210
-
-
-
35,616
287,896		 Resources
expended
£
(273,143)
-
-
(273,143)
(10,019)
(13,076)
(8,820)
-
-
(31,915)
(305,058)		 Gains and
Movement
losses
in funds
£
£
1
(20,876)
-
11
-
3
1
(20,862)
-
20,387
-
(7,866)
-
(8,820)
688
688
800
800
1,488
5,189
1,489
(15,673)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Parish Reserve
Parish Development
Parish Contingency
Restricted funds
Kennington Kitchen
St Anselm's Development Fund
St Mary's Eco Church
Mission Giving Fund
Salamanca House
Deaconess Pearson Smith
TOTAL FUNDS		 At 1.1.23
£
89,477
19,090
1,285
399
110,251
81
18,204
7,506
26,462
21,487
6,318
80,058
190,309		 Net
movement
in funds
£
(41,118)
2,475
111
35
(38,497)
-
(17,666)
(3,131)
(15,361)
1,865
1,163
(33,130)
(71,627)		 At
31.12.24
£
48,359
21,565
1,396
434
71,754
81
538
4,375
11,101
23,352
7,481
46,928
118,682

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continued...

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Parish Reserve
Parish Development
Parish Contingency
Restricted funds
St Anselm's Development Fund
St Mary's Eco Church
Mission Giving Fund
Salamanca House
Deaconess Pearson Smith
TOTAL FUNDS		 Incoming
resources
£
489,790
-
111
35
489,936
26,473
9,945
4,053
-
-
40,471
530,407		 Resources
expended
£
(530,909)
-
-
-
(530,909)
(44,139)
(13,076)
(19,414)
-
-
(76,629)
(607,538)		 Gains and
Movement
losses
in funds
£
£
1
(41,118)
2,475
2,475
-
111
-
35
2,476
(38,497)
-
(17,666)
-
(3,131)
-
(15,361)
1,865
1,865
1,163
1,163
3,028
(33,130)
5,504
(71,627)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Grants
Insurance claim
Investment income
Property rentals
Use of the Churches
Interest receivable - trading
Charitable activities
Parish fees
Health Ministry
Parish Fete
Other income
Tax refund
Total incoming resources
EXPENDITURE
Raising donations and legacies
Parish fete
Parish fees
Other trading activities
Plant and machinery
Charitable activities
Trustees' salaries
Wages
Telephone
Church - repairs & maintenance
Church - services & utilities
Property repairs & management
worship
Carried forward		 2024
£
33,855
25,868
57,767
-
117,490
92,304
1,200
133
93,637
529
-
22,094
22,623
8,761
242,511
13,850
10,976
24,826
1,072
35,006
18,950
13
2,665
16,114
59,661
20,071
152,480		 2023
£
38,773
50,462
65,660
2,149
157,044
111,181
1,360
14
112,555
357
1,003
18,824
20,184
(1,887)
287,896
23,984
7,038
31,022
1,429
31,231
31,200
44
6,860
26,766
45,236
13,265
154,602

This page does not form part of the statutory financial statements

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NORTH LAMBETH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
Missionary & charitable giving
Clergy expenses
Quota
Music salaries and cost
Support costs
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net expenditure		 2024
£
152,480
1,101
4,395
77,000
13,480
24,230
272,686
916
2,980
302,480
(59,969)
4,015
(55,954)		 2023
£
154,602
1,699
5,422
77,000
6,617
23,279
268,619
1,088
2,900
305,058
(17,162)
1,489
(15,673)

This page does not form part of the statutory financial statements

Page 14