OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Parochial Church Council Of The Ecclesiastical Parish Of St. Michael And All Angels With St. James - Croydon

2024-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Registered Charity number 1134764

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Parochial Church Council of St Michael and All Angels with St James is a charity registered with the Charity Commission. However, the Church of England retains its governing status and custodial role.

The parish is situated in West Croydon: it is part of the Diocese of Southwark within the Church of England. The correspondence address is Poplar Walk, Croydon, CR0 1UA.

Members of the Parochial Church Council are the charity trustees. They are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

The trustees at the date of this report are as follows:

Ex officio

Reverend Canon Timothy Pike (Incumbent)

Reverend Graham Hains (from 29[th] June 2024)

Reverend Antonio Joseph (from 28[th] June 2025) Nicholas Tall (Churchwarden) Alan Rose (Churchwarden) Anthony Adeloye (Deanery Synod Representative) Joseph Goswell (Deanery Synod Representative)

Ben Asante Robert Hillman Chris Hood Victoria Macheka Gloria Renner-Thomas Vanessa Sangalang (since 25[th] May 2025) Donald Schwartz (since 25[th] May 2025) Theresa Schwartz (since 25[th] May 2025)

The following persons were Trustees until 25[th] May 2025:

Karen Aisthorpe Anne Fleming James Wall David Wyatt

Registered Address:

The Church of St Michael and All Angels Poplar Walk, Croydon CR0 1UA

Charity Number:

1134764

Independent Examiner:

Adam Halsey FCA DChA HaysMac LLP, 10 Queen Street Place, London. EC4R IAG

Bankers

National Westminster Bank plc 1 High Street, Croydon CR9 1PD

1

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees have pleasure in presenting their report together with the financial statements of the charity for the year ended 31 December 2024.

AIMS AND PURPOSES

The Parochial Church Council (PCC) of St Michael and All Angels with St James, Croydon, has the responsibility of cooperating with the incumbent, the Reverend Canon Timothy Pike, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social, and ecumenical. The PCC is also specifically responsible for the maintenance of the church of St Michael and All Angels and its adjacent hall.

The parish is affiliated to The Society under the Patronage of St Wilfrid and St Hilda.

The PCC has passed a resolution in accordance with the House of Bishops' Declaration on the ministry of bishops and priests, and the parish is under the pastoral care of the Bishop of Fulham.

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship. Mass is celebrated daily and with traditional solemnity on Sundays and other significant days in the liturgical calendar.

When planning activities, the PCC has considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. We try to enable people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the church and hall and keep the church open as much as possible. The PCC completely endorses the operation of the Pastoral Assistant scheme which, funded by grants received, helps in fulfilling these objectives.

ACHIEVEMENTS AND PERFORMANCE

The PCC monitors the performance of the church in meeting its objectives by regularly receiving and reviewing reports by the incumbent and other church officers. The PCC met on six occasions in 2024.

Introductory Remarks

The source and summit of all Christian life in the Parish is the Eucharist and we are pleased to report that during 2024 Mass was celebrated every day.

Trustees were delighted that St Michael’s was invited to be part of the Diocese of Southwark’s successful funding bid to the Church Commissioners and that resources will be made available for a Parish Nursing Project, to begin in 2025.

A highlight of the year was the Ordination to the Diaconate of our new curate, Fr Graham Hains.

2

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Special Services and Events in 2024

Engagement with the Wider Church

3

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Teaching the Christian Faith

Outreach to the wider community

Encouraging Vocations

Since 2016 there have been 14 Pastoral Assistants at St Michael’s. Of them five are now ordained; one is at theological college; three are in other Church work; two are at university; three are in situ.

We are grateful to those who have funded this work.

It has also been a pleasure for us to have young colleagues to enhance the life and witness of our parish.

St Michael’s has been very glad to make such a significant contribution to the fostering of Catholic priestly vocations for the wider Church in recent years.

4

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Statistics for Mission

Here are our 2024 Easter and Christmas attendance and communicant numbers and statistics for mission, with 2023 figures for comparison.

2024 2023
Easter Communicants 201 160
Easter Attendance 286 223
(Easter Vigil & Easter Day Masses & Evensong)
Attendance at Special Services in Advent 114 588
Christmas Communicants 145 153
Christmas Attendance 231 199
Average Sunday Attendance in October 110 111
Average total Weekday Service Attendance in October 124 123
Baptisms 10 14
Confirmations 15 10
Weddings 1 0
Funerals in Church 3 1

5

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Links with the Wider Church

During 2024 St Michael’s has been pleased to participate in the life of the Croydon Central Deanery, both through the clergy chapter and the Deanery Synod.

It has been a pleasure to collaborate with friends at Croydon Minster and St Alban’s South Norwood in devotional activities, children’s work and in terms of mutual support for the clergy.

We have played an active part in the life of the Diocese in various ways, not least in paying our Parish Share in full and on time.

Fr Tim has attended various events for Honorary Canons in Southwark Cathedral.

During 2024, as well as inviting visiting preachers to St Michael’s, the Parish Clergy have also undertaken various preaching engagements and provided Mass cover elsewhere in the wider Church.

We have been particularly glad to nurture friendships between our ordinands and the Abbey of Cheveotgne in Belgium. It has been a pleasure to welcome Orthodox monastic guests to St Michael’s on various occasions in the past year.

Our Parishioners

In 2024 Joseph Goswell and Alan Rose, our excellent Churchwardens, have served with great dedication and kindness, not least in carrying out their duty of care to the clergy. We are tremendously grateful to them for their cheerful and generous commitment of time and energy to the life and ministry of our Parish.

The Parish was very well served by many generous people who make the life of the church happen smoothly and well. We are very grateful to our PCC Treasurer, our PCC Secretary, our Parish Administrator, our Director of Music and all our musicians, our Sacristan and servers, and all who help clean the Church and look after the gardens.

We are extremely grateful to Gloria Renner Thomas, whose calm and reliable dedication to her important work as our Safeguarding Officer is very much appreciated by everyone here at St Michael’s and widely admired by Diocesan Safeguarding colleagues.

We thank them all for their contribution to the life of the church here at St Michael’s and trust that there will be even more opportunity for us all to work together for the glory of God and the building up of the Church in the year ahead.

During 2024 we were saddened by the death of our Parishioner, Maria Dumitru, and we pray for the repose of her soul.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council oversees the life of the Parish in collaboration with the Incumbent.

Clerical trustees are ex officio; in accordance with Church Representation Rules, lay trustees are elected at the annual church meetings. All eligible church attendees are encouraged to register on the electoral roll and stand for election to the PCC should they so wish

The Good Shepherd Mission Hall Charity (GMSHC) is a separate charity with separate objects.

6

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES' REPORT

RISK MANAGEMENT AND GOING CONCERN

The PCC has a risk management strategy to keep under review and identify significant risks the parish may face and to establish where possible, systems and procedures to mitigate them.

The PCC is clear in focusing on the everyday application of safe and ethical practices on the daily life of the parish.

The operational risks cover the fabric and the churchyard, access to buildings and control over various aspects that could cause harm to people and compromise the financial security of the church.

The continuing financial risks in 2024 include uncertainty with the commercial hiring of car park spaces, and the loss of some commercial users of the hall. However, the parish is exploring new initiatives to increase the usage of the hall. Despite these risks and the recent deficits, the parish has sufficient unrestricted reserves for the immediate future and the trustees are confident that a going concern basis is suitable for these accounts. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

FINANCIAL REVIEW AND RESERVES POLICY

The financial statements show a deficit for the year on unrestricted funds of £111,402 after depreciation, (2023 - deficit of £68,474), which has reduced the level of unrestricted reserves to £550,593. The net movement on restricted funds was a deficit of £4,343 (2023 – surplus of £1,215) which reduced the level of restricted reserves to £55,605.

The PCC wishes to thank the continuing generosity of parishioners keeping parochial receipts at a level broadly consistent with recent years. On expenditure the PCC carefully ensures all expenditure is both essential and best value.

The parish continues to receive substantial financial support from the diocese by reason of full-time stipendiary staff, the parish's contribution to the diocesan parish support fund falling well short of their costs.

In addition to the balance of unrestricted reserves, and following the year end, the PCC has been in receipt of a grant of £60,000 from the Good Shepherd Mission Hall Charity which the PCC believes will enable the parish to continue for the next year. It also anticipates that further grants will be made available to the PCC from the Good Shepherd Mission Hall Charity in order to continue to aid in the funding of the parish. This will help to mitigate the effects of any deficit.

Furthermore, on 3[rd] July 2025 the PCC was in receipt of a legacy from the estate of Barbara Joan Crawley (of Cambridge) to the amount of £20,000. There are no restrictions on the legacy, further aiding in the parish’s liquidity.

The trustees have a policy to maintain the balance of liquid reserves at a level that is sufficient to provide funding to continue operations for at least six months and this is approximately the level of reserves at the year-end.

The balance of unrestricted reserves, although substantially represented by the hall and car park, continue to provide the parish with sufficient working capital to meet its responsibilities. Trustees consider that the current level of reserves are sufficient to meet the obligations set out above.

7

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

FUNDRAISING

During the year the PCC engaged Craigmyle to assist with bidding for funding from the National Heritage Lottery Fund to support the required restoration work on this Grade I listed building as recommended in the 2023 Quinquennial Report. The PCC does not solicit funds via telephone, email, or direct mail.

The charity is committed to being accountable and responsible and if its fundraising approach changes, it will register with the UK fundraising regulator. The charity did not receive any complaints about fundraising activity during 2024.

PLANS FOR FUTURE PERIODS

The Trustees intend to continue to support the activities of the charity for the foreseeable future.

The Trustees are preparing for the inauguration of a Parish Nursing Project in collaboration with Diocesan colleagues and funded by a Diocesan Investment Project grant from the Church Commissioners.

8

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements produced from them comply with applicable legal requirements. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Parochial Church Council and signed on its behalf by:

T D Pike

······ ···············

Reverend Canon Timothy Pike Vicar and Chair of the Trustees

Date: 31 October 2025

9

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

FOR THE YEAR ENDED 31 DECEMBER 2024

I report to the trustees on my examination of the accounts of 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 conducted under section 145 of the 2011 Act and in conducting my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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:

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.

==> picture [104 x 47] intentionally omitted <==

----- Start of picture text -----
(}._—
----- End of picture text -----

Adam Halsey FCA DChA For and on behalf of HaysMac LLP

I 0 Queen Street Place London EC4R IAG

Date: 31 October 2025

10

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Income from:
Donationsandlegacies
Other tradingactivities
Investments
Total income
2
Expenditure on Charitableactivities:
3
Total expenditure
Net expenditure
4
Netmovementin funds
Funds brought forward at 1 January
Fundscarriedforward at31December		 Unrestricted Restricted
Total
Total
funds
funds
2024
2023
£
£
£
£
50,836
9,110
59,946
72,173
12,184
-
12,184
23,944
4,638
-
4,638
2,588
67,658
9,110
76,768
98,705
(179,060)
(13,453)
(192,513)
(165,964)
(179,060)
(13,453)
(192,513)
(165,964)
(111,402)
(4,343)
(115,745)
(67,259)
(111,402)
(4,343)
(115,745)
(67,259)
661,995
59,948
721,943
789,202
550,593
55,605
606,198
721,943

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 13 to 18 form part of these financial statement.

11

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

BALANCE SHEET

AT 31 DECEMBER 2024

Notes
FIXED ASSETS
5
CURRENT ASSETS
Debtors
6
Cash at bank andinhand
CREDITORS: amounts due within
one year
7
NET CURRENT ASSETS
FUNDS
Restricted funds
8
Unrestrictedfunds
9
TOTAL FUNDS		 2024
£
£
561,120
14,547
52,825
67,372
(22,294)
45,078
606,198
55,605
550,593
606,198		 2023
£
£
570,880
18,780
152,410
171,190
(20,127)
151,063
721,943
59,948
661,995
721,943		 2023
£
£
570,880
18,780
152,410
171,190
(20,127)
151,063
721,943
59,948
661,995
721,943
721,943
59,948
661,995
721,943

The financial statements were approved and authorised for issue by the Parochial Church Council on 31 October 2025 and were signed below on its behalf by:

T D Pike

Reverend Canon Timothy Pike

Vicar and Trustee

The notes on pages 13 to 18 form part of these financial statements.

12

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

General information

The Parochial Church Council of St Michael and All Angels with St James Croydon is an unincorporated charity in England and Wales, with the charity registration number 1134764. The registered office is The Church of St Michael and All Angels, Poplar Walk, Croydon CRO 1 UA. The principal objectives of the charity are set out within the Trustees Report, on page 2.

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. The charity is a public benefit entity registered as a charity in England and Wales. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Having received grants and a legacy amounting to £80,000 in 2025, the accounts have been prepared on a going concern basis as there are no material uncertainties about the Charity's ability to continue operating for the foreseeable future.

The financial statements are presented in UK Sterling, which is the Charity's functional currency, and rounded to the nearest pound.

Going concern

The Trustees assess whether the use of going concern is appropriate, whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets

Depreciation is provided on a straight-line basis to write off the amount of fixed assets, except freehold land, over their expected useful lives. It is calculated at the following annual rates:

Expenditure exceeding £5,000 is included in fixed assets if it is of a capital nature.

Debtors

Other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of three months or less.

Liabilities

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

13

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Income

Income is recognised once the charity has entitlement to the resources, it is probable that the income will be received, and the amount can be assessed with sufficient reliability.

Income tax gift aid recoverable in relation to income is recognised at the time the income is receivable.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Expenditure

Charitable expenditure consists of all expenditure relating to the objects of the charity. All costs are directly attributable to the activities under which they have been analysed. Governance costs include expenditure on the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements. Irrecoverable VAT is included with the category of expense to which it relates.

Fund accounting

Restricted funds reflect funds to be applied to the relevant designated restricted purposes. Unrestricted funds are available for by the charity in accordance with its objectives.

2.INCOME
Donations and legacies
Gift Aid donations
Income tax recoverable
Cash offerings
Online giving
Grants
Other donations
Legacies
Other trading activities
Lettings and fees
Investment income
Bank interest receivable
TOTAL INCOME		 2024
£
22,919
5,933
9,596
12,388
8,200
910
-
59,946
12,184
4,638
76, 768		 2023
£
22,400
5,024
12,178
12,761
16,106
710
2,994
72,173
23,944
2,588
98,705

14

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.
EXPENDITURE
Charitable activities
Services
Administration costs
Fundraising for renovation project
Clergy and support costs
Property costs
Pastoral assistant costs
Other costs
Governance costs
4.
NET (EXPENDITURE)/INCOME FOR THE YEAR
This is after charging:
Depreciation
Independent examination fees		 2024
£
28,253
11,648
5,789
11,520
65,028
11,675
54,480
4,120
192,513
2024
£
9,760
4,120		 2023
£
17,609
10,662
-
8,789
56,504
15,580
52,800
4,020
165,964
2023
£
9,760
4,020

Trustees' remuneration and expenses:

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL), and none were reimbursed any expenditure (2023 - £NIL).

5. TANGIBLE FIXED ASSETS

Cost or valuation
At 1 January 2024 and at
31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book amount
At 3 I December 2024
At 31 December 2023		 £
688,000
117,120
9,760
126,880
561,120
570,880

The trustees reviewed the valuations of the freehold land and buildings owned by the Charity. The Trustees used insurance valuations and council tax bandings as a guide. The property is all in functional use and therefore the cost of a full valuation would be an unnecessary use of the assets of the Charity. Subsequent additions have been accounted for at cost and depreciated in accordance with the accounting policy.

15

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.
DEBTORS
Other debtors
7.
CREDITORS: amounts due within one year
accruals
Good Shepherd Mission Hall Charity Trust
Good Shepherd Mission Hall Charity CIO
8.
RESTRICTED FUNDS
Balance
Brought
Forward
£
In Memoriam Mr W Baker
52,405
Pastoral assistant scheme
235
Vestments and fabrics
4,108
Other funds
3,200
Funds at 31 December 2024
59,948
RESTRICTED FUNDS
Balance
Brought
forward
£
In Memoriam Mr W Baker
52,405
Organ and music
1,028
Pastoral assistant scheme
330
Vestments and fabrics
1.114
Lay minister
656
Other funds
3,200
Funds at 31 December 2023
58,733		 Income
£
-
8,200
-
910
9,110
Income
£
-
-
15,485
2,994
-
885
19,364		 2024
£
14,547
2024
£
13,094
-
9,200
22,294
Expenditure
£
-
(8,435)
(4,108)
(910)
(13,453)
Expenditure
£
-
(1.028)
(15.580)
-
(656)
(885)

(18,149)		 2023
£
18,780
2023
£
10,927
9,200
-
20,127
Total
Funds
£
52,405
-
-
3,200
55,605
TotalFunds
£
52,405
-
235
4,108
-
3,200
59,948

These funds are for the following purposes - in memoriam W Baker for a suitable memorial; organ fund for organ maintenance; pastoral assistance scheme for the continuing operation of this project whereby candidates can experience parish life, as they consider offering themselves for the sacred ministry; vestments and fabrics for new vestments or repairs to existing fabrics, and lay ministers for cost engaging lay minister to help keep the church open.

16

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.
FUNDS
Funds as at I January2024
Income
Expenditure
Funds at 31 December 2024
FUNDS
Funds as at I January2023
Income
Expenditure
Funds at 31 December 2023
10.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Current year
Fixed assets
Current assets
Current liabilities
Total
Prioryear
Fixed assets
Current assets
Current liabilities
Total		 Unrestricted
Funds
£
661,995
67,658
(179,060)
550,593
Unrestricted
Funds
£
730,469
79,341
(147,815)
661,995
Unrestricted
Funds
£
561,120
11,767
(22,294)
550,593

Unrestricted
Funds
£
570,880
111,242
(20,127)
661,995		 Restricted
Funds
£
59,948
9,110
(13,453)
55,605
Restricted
Funds
£
58,733
19,364
(18,149)
59,948
Restricted
Funds
£
-
55,605
-
55,605
Restricted
Funds
£
59,948
59,948		 Total
Funds
£
721,943
76,768
(192,513)
606,198
Total
Funds
£
789,202
98,705
(165,964)
721,943
Total
Funds
£
561,120
67,372
(22,294)
606,198
Total Funds
£
570,880
171,190
(20,127)
721.943

17

THE PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11. RELATED PARTIES

There were no related party transactions during the year. (2023: None).

During the financial year Reverend Canon Timothy Pike, Joseph Goswell, and Alan Rose, Trustees, were also Trustees of Good Shepherd Mission Hall Charity. The Parochial Church Council of St Michael and All Angels with St James Croydon hold funds on behalf of Good Shepherd Mission Hall Charity. As shown in note 7 to the financial statements, at the Balance sheet date, there was a balance of £9,200 (2023: £9,200) included within the charity's total creditors balance, being the balance of funds held on behalf of Good Shepherd Mission Hall Charity CIO (which balance was inherited by that charity from Good Shepherd Mission Hall Charity Trust on the transfer of the whole of its assets and liabilities on 1[st] January 2024).

12. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES

Notes
Income from:
Donations and legacies
Other trading activities
Investments
Total income
2
ExpenditureonCharitableactivities:
3
Total expenditure
Net (expenditure)/income
4
Net Movement in funds
Fund balances brought forward at 1
January 2023
Fund balances carried forward at 31
December 2023		 Unrestricted
funds
£
52,809
23,944
2,588
79,341
(147,815)
(147,815)
(68,474)
(68,474)
730,469
661,995		 Restricted
funds
£
19,364
-
-
19,364
(18,149)
(18,149)
1,215
1,215
58,733
59,948		 Total
2023
£
72,173
23,944
2,588
98,705
(165,964)
(165,964)
(67,259)
(67,259)
789,202
721,943

13 POST BALANCE SHEET EVENTS

The PCC has received grant funds of £60,000 in 2025 from the Good Shepherd Mission Hall Charity. These are the first funds received from this charity since prior to Covid closure in 2020.

The PCC has also received in 2025 a legacy of £20,000 from Mrs Barbara Crawley.

These funds place the Parish on a secure footing and assist in the development of the Parish Nursing Project.

18