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 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| |---|---|---| Page 6 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| |---|---|---| Page 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 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**| |||| Page 8 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** ## **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 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** 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| |---|---|---|---| Page 10 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** 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| |---|---|---|---| 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 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