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 Christ Church North Finchley

2024-12-31-accounts

Christ Church North Finchley Annual Meeting.

Being part of Christ Church Annual Parish Church Meeting 2025

It will be great to welcome all of you who are able to attend our annual church family meeting in person (this is definitely the best way to join in if you can). We will be meeting in church on Sunday 18th May at 4pm . For those who are unable to be with us in person, you can listen in to the meeting via Zoom.

Zoom

link: Click https://us02web.zoom.us/j/84581703514?pwd=t0mBkxYszPBdTV2I8VYQSL6u5XFzBT. 1

Reports to church members & prayer requests

Knowing and Showing Jesus (and Growing!)

“He opened his arms of love upon the cross…”

This is a line that we regularly say on Sundays, taken from the communion service . It describes something really important for us at Christ Church at the moment.

We're enormously blessed to be a growing church. God is really generous to us. Behind the discouraging news headlines of scandal, division and dwindling attendance, God is doing something really good through his church - not only here, although he is graciously including us in it - he is bringing many people to Jesus. Some people are calling it a quiet revival. You can read about it here.

Holding our arms open

The Lord keeps bringing people to Christ Church. And - thank the Lord - one of the things that this church family does really well is to welcome people with open arms. But holding your arms open wide is tiring. After a while it is easy to let them drop.

Exhausting and Exciting

To keep our arms open wide - to keep welcoming people and helping them grow as disciples of Jesus - we need to hold on tight to Jesus and each other. We must hold on to Jesus because he is what makes his church special. Only Jesus can save people from their lostness. We are only useful to the extent that we know him and show him. People aren’t attracted to the church because we’re the same as everyone else; they are attracted because we’re different. Our commitment to him and to living life with him in his way has to be of primary importance.

And we must hold on to each other because this isn’t something that we can do on our own, or leave up to others to do on our behalf.

The reports below are the tip of the iceberg of lots of stories of growth and faithful perseverance. It's amazing how much wonderful volunteer service there is going on at Christ Church. Even when it feels hard and when you get out of bed on a Sunday morning after a busy week not wanting to run the kids group again or whatever it might be. Growth can feel like being overstretched. Many of the ministries in these reports need extra help. As you read, why not ask the Lord if and how you could help?

Limited people with an unlimited God

Being aware of our limits is always a reminder to turn to our unlimited God. That’s why this report is set out primarily as a call to prayer. Each report contains things to be thankful for and things to ask for going forward.

I hope this isn’t just another mailing in an inbox that we glance quickly over. I hope it will help us give joyful thanks, and earnestly pray for more of God’s blessing in the year ahead.

Dave Walker.

Gatherings

(Services, youth and children’s ministry, our small groups, prayer meetings and informal meet ups - different times when we meet together to grow in Jesus.)

Services & House Groups (Dave Walker)

Our regular pattern of services continues, with weekly services on Sundays and Thursdays at 10.30am, along with monthly services of Prayer and Praise and seasonal services at other times. We have six small groups running at the moment.

Things to be thankful for:

Things to pray for:

Curate (Alex Williams)

Thankful for:

Such a warm welcome from the Walkers and wider church family. Opening God's word and praying with some of our young people and residents of Grace House care home has been a blessing.

Prayers for:

Please pray God would be doing a Philippians 1:9-11 kind of work in me (growing my love and knowledge and discernment and fruitfulness in Jesus) as I continue to bed down into curacy life.

Prayer (Ian & Sue Fabray)

We continue to meet usually in the Vestry, on the 1st Monday in the month, we have a good core group who are regulars. We also share weekly prayer requests via Whatsapp.

It would be good to have more at the meetings so we can be more a part of the main body of the church.

Youth and Children’s Ministry

Creche (Helen Gray-Hashemi)

Things to be thankful for:

Prayer needs:

Gateway - 4-7 yr olds (Maggie Thorp)

Juno, Ade, Kelly and I are grateful to God for this last year in Gateway for the following things. As children moved up to Explorers and a couple of families moved away the group became much smaller. However this enabled us to get to know the children really well and to have much more time to discuss what we were learning and how this applied to the children's lives. Another was the term we began each week with joint Explorers and Gateway sessions watching sketches acted out by Ash and friends to help children discover God working out his plan through Nehemiah, Afterwards we divided to discuss and reinforce the message with craft activities. We also have a few things we would like God's help with. One is that the children that attend less regularly and so get a rather piecemeal picture of the Bible stories we teach would become regulars. The other is that a Revive teenager might want to commit to regularly coming to help us on Serving Sunday and maybe get a real passion for serving God through ministry to children, Maggie

Explorers - 8-11yr olds (Sarah Walker & Kathryn Turl)

Things to be thankful for:

Lots of kids - we have 40 children on our register which means 20 in our group each week. A really good leader team (5 of us who help regularly).

Things to pray for:

That the children learn to be more like Jesus, with such a large number of children, a large age range 7-11 years and an array of first languages, pray for the leaders as they try to pitch the lessons and get across the good news of Jesus.

Pray for fun but also safety, with no accidents in the group.

Pathfinders - 11–15 yr olds - ( Jodie Willett) Things to be thankful for:

Things to be thankful for:

formed good

bonds with each other, friendships are clearly visible and I am hugely encouraged by the willingness to share

with the group, ask questions and discuss things with each other openly and honestly.

good relationships with the young people and each other.

has been a great chance for the young people to spend time with people who have known God for many

years! It has been encouraging to see the young people bonding with the residents and talking with them and each other confidently and joyfully.

Prayer needs:

Revive - 14+ yr olds (Tony Afuwape)

We give thanks to God for another fruitful year with Revive group which continues to be a place of spiritual learning, honest conversation, and meaningful fellowship for our 14–18 year olds. Over the past year, we’ve seen consistent attendance, with a steady group of teenagers engaging in discussions about faith, identity, and living as followers of Christ in today’s world. We've

explored topics ranging from Nehemiah, which we had some fun with putting an impromptu skit with Pathfinders to practical Christian living in Marks Gospel.

This year the young adults have also been contributing to helping out in various ministries, one Sunday each month, as part of Serving Sunday.

We are particularly grateful for the dedicated volunteers who make this ministry possible. Their dedication, patience, and presence have been instrumental in creating a welcoming and safe space for our young people to ask questions, grow in faith, and form community.

We have also been blessed this year to be able to use the High Road Baptist Church hall facilities to meet on a Sunday.

Prayer Points:

inspiring, and rooted in God’s Word.

==> picture [524 x 48] intentionally omitted <==

Women on Thursdays (a group for friendship, prayer and bible study) - Kathryn Turl

Things to be thankful for

Prayer needs

==> picture [524 x 70] intentionally omitted <==

Outreach

(Those things we do to reach out into the communities around us with the good news and goodness of Jesus.)

English Tuition Classes - Rosemarie Nixon

Things to be thankful for:

We are thankful for the continued enthusiasm and commitment of all our team, during the last year. We are pleased to have welcomed Juhee to the team.

Our numbers have steadily increased and a lot of new friendships have been established whilst our ladies gain fluency in the Language and, increase their knowledge of British Culture and Christianity. We have all enjoyed sharing some of the talents our ladies offer whilst sampling food from each other cultures.

Things to pray for:

Please pray for our current team, our ladies and for the future of ETC.

123 Club - Christina Siattis

Things to be thankful for:

Good attendance.

Good friendships amongst the group.

Everyone looking forward to the craft session each week and learning about God. Some members returning with second or third child.

Group members looking forward to other church activities and events.

Some members having joined the women's bible study group on Thursday mornings.

Prayer Needs:

123 Club is a multifaith group. At present with a majority of Japanese members.

We pray that through this ministry and other church activities, God encourages individuals to seek Him, and

to learn more about Him to know Him personally.

Brunch Club - Jodie Willett

Things to be thankful for:

a great success and have helped the group engage with each other.

Prayer needs:

Sustained good health and good treatment for ongoing medical issues.

Good relationships with school staff and opportunities to share the good news of Jesus with the visiting school

children and staff members.

Persian Ministry - Aled Williams & Mark Johnson

We praise God for His continued work among the Persian community in 2024-5.

Things to be Thankful for:

Discipleship Flourishes . We've been so encouraged this past year, as more than 40 Iranians participated in two Farsi Christianity Explored Courses. Their genuine desire to learn, ask thoughtful questions, and share their faith, illustrates 2 Timothy 2:2 well. Over 30 Iranian Believers were Baptised this year, with more seeking baptism through the current Christianity Explored Course.

==> picture [524 x 31] intentionally omitted <==

158 guests attended the Nowruz Dinner & Dance on 21st March 2025, from Christ Church, other churches, and the wider Iranian community. The C of E's Iranian Bishop also attended. It fostered friendship, unity, and integration within the wider church.

Our work alongside the Persian Advice Bureau continues. We are seeing growth in our Ministry To Asylum Seekers in local hotels. We hosted our first Refugee Week event, and also began a new Cookery Project , giving those in asylum

accommodation the opportunity to get out for a while, connect with others, share their culture through food, and enjoy cooking the dishes they really love.

Things to Pray for:

Peace in Iran and the wider region.

More Helpers . Pray the church embodies the family Jesus promised (Mark 10:2930). We need volunteers, especially women, to befriend, support, read the Bible with, assist with English for, and pray alongside our Iranian family who are far from home.

Disrupted Roots And New Beginnings . Sadly, Home Office relocations uproot the new community forming among our Iranian family, making it harder for them to embrace their new life in Christ (Philippians 3:12-14). The blessing of Leave To Remain, paradoxically, brings eviction from Home Office accommodation, and the struggle to find housing without deposits or payslips, due to initial work restrictions.

Rooted And Built Up In Him . We cherish serving our Iranian church family. Our prayer for them is Colossians 2:6-7:"... just as you received Christ Jesus as Lord, continue to live your lives in him, rooted and built up in him, strengthened in the faith as you were taught, and overflowing with thankfulness."

==> picture [524 x 53] intentionally omitted <==

Process

(The things we do which enable all of the other areas of our ministry to function and flourish)

Church Council Secretary (Christine Denny)

The Church Council meets every other month to discuss the general running of the church and church hall and deal with any issues which may arise. Over the last year we have been in dialogue with the Diocese and London Borough of Barnet to obtain planning permission to renovate the Narthex and install disabled toilet and nappy changing facilities. Discussions are ongoing. We have also endeavoured to address the problem of rough sleepers on church premises, and we have tried to deal with

this in a way that is compassionate but takes account of the safety and well being of the church and hall users. The church council breaks down into a number of working parties who oversee finances, work on church and church hall, human resources, children and young people, safeguarding and any other one-off projects but

ultimately the collective church council members have responsibility to monitor and approve expenditure and recommendations made by the working parties.

Churchwardens - Mike Barkway

Things to be thankful for during the year:

Prayer needs:

For the Narthex Project, for a successful planning application, for the further development of the project and for guidance on fund raising.

Finance – Ronnie Mathews

A full report on the finances of the church will be circulated at the meeting.

Stephens Hall - Jodie Willett

Things to be thankful for:

Things to pray for:

Safeguarding - Sarah Afuwape

We are thankful:

Things to pray for:

Thinking Green - Cath Demetriou Things to be thankful for:

Things to pray for

We are part of Finchley pollinators and have received plants and seeds from them. We have rehomed many primroses to a safer place and sowed wild flower seeds in the garden. We have undertaken a project weaving and wicker fence in the front garden.

IT & Tech - Kelly Morris Thankful for:

• a small group of volunteers on a Sunday who either just turn everything on for us which is unbelievably helpful if the operators can’t get there before 10am, and for Amy, Raleigh, and John who faithfully serve operating the kit during the service to enable song words, scripture and liturgy to be shown on screens and online for the congregation

• a small number of young people who are getting particularly good at song words etc who like to help occasionally before they go to groups or throughout the whole service. It’s a great way to

keep them engaged in the service where otherwise they may drift off or get distracted.

• The continued ability to reach people online, we often have people from other countries watching our services, or listening to the talks (available as podcasts now on YouTube and Spotify) and creating YouTube shorts of parts of the talk is reaching even more people and a great way to share the Gospel and what we do at Christ Church with friends and family who wouldn’t ordinarily watch a full service.

Pray for:

Flats at 622 High Road - Maggie Thorp

Things to be thankful for:

We thank God for our continuing lovely tenants downstairs. The upstairs flat is now our curate Alex's home which is working well for him and us. We pray this will continue and that God will guide us in making good fair decisions as landlords.

Hall Administration - Babirye D'Arbela Things to be thankful for:

Things to pray for:

Looking Forward

In conclusion, I am thankful for the confidence placed in me. I thoroughly enjoy my role and being part of the Christ Church team and I look forward to continuing on this path.

Parish Administration - Cathy Edwards

Things to be thankful for:

Things to pray for:

Partnerships

(our active relationships with people outside of Christ Church with whom we work for Jesus to be known and shown.)

Dave Walker – Missions Report

At Christ Church we take part in God's worldwide mission both through our local ministry and through partnership with others both locally and globally.

Things to give thanks for:

Our mission partners Gareth & Katherine Mort (Wycliffe Bible Translators in Nigeria), Colombo Theological Seminary (Training pastors in Sri Lanka), Open Doors (supporting persecuted Christians around the world), Church Army (sharing the gospel and social care in the UK), Pathway (gospel ministry with schools in North London) and Grace House Christian Care Home. These are the organisations we support financially and from whom we hear regular updates (which we share via the newsletter).

Our formal connection with Grace House Christian Care Home was cemented this year as Christ Church (together with St Paul's Finchley) became members of the new Christian Care Trust, which runs Grace House. We're really thankful to Will & Suki Hawkes who have worked really hard in bringing this about. Ernie Perry, as well as being a trustee, is now working there as

chaplain and this has really helped with pastoral care.

Encouraging personal contact with some of our partners. It was a joy to have the Morts visiting us last Summer - they will be with us again in July.

Things to pray for:

Ongoing faithfulness and provision for our mission partners.

For us to be faithful in encouraging and supporting them.

Schools

It's great to have really good partnership with Wren Academy and also with Moss Hall. The Wren partnership involves them coming to us for services on various times during the year (primary harvest, Christmas, Easter and y6 leavers in the summer and secondary carol services), and regular primary visits to brunch club as well as Dave and Alex going in to events in the primary and secondary school. These school services are really well attended by children and parents, and are some of the biggest events we hold at Christ Church during the year. The Moss Hall link has been greatly helped by Pathway, with whom we go in to take assemblies, as well as hosting some visits at Christ Church.

Give thanks for:

Great relationships with staff and children at Wren and Moss Hall, and for the many opportunities we have to share Jesus through these links.

Pray for:

That the doors would remain open and that we would make the most of the opportunities the Lord has given us.

Oak Hill College

Oak Hill continues to do a great job training people for pastoral ministry. We are privileged to partner with them through our placement students (currently Joel Carle, with Lucas Hank joining us as placement student in the Autumn), who are a huge blessing at Christ Church. There is urgent need for prayer for Oak Hill as very few people are going forward for residential training, especially for ordination in the Church of England at the moment.

Give thanks for:

The students and staff of Oak Hill and their faithfulness and love for the Lord and his church. Pray for:

What Jesus tells us to pray in Matthew 9: “The harvest is plentiful but the workers are few. Ask the Lord of the harvest, therefore, to send out workers into his harvest field.”

The Church of England

At Christ Church we are thankful to be members of the Church of England and continue to be active within our diocese and deanery. Natalie and Cyril represent us on Deanery Synod and Dave represent us on Diocesan Synod. Dave is also an area sub-dean in Barnet Deanery.

The Church of England continues to need our prayers among serious division about its theology and direction. The adoption of Prayers of Love and Faith and the surrounding controversy have deepened this. I'm not proposing to outline the reasons for this here - please follow this link to something I wrote last a couple of years back which explains the key points.

One of the key practical issues among this is how we relate to our bishops, as they have been given a particular responsibility in guarding and articulating the teachings of the church, and some of whom have also been the main driving force in moving away from these Bible-based teachings in practice. In this interim situation we're very thankful at Christ Church to recieve additional pastoral oversight from Bishop Rob Munro (Bishop of Ebbsfleet). This support has been offered to us with the approval of Bishop Sarah (London) and Bishop Anderson (Edmonton). It has been great to see Bishop Rob during the last year, both at Alex's ordination and at the confirmation service in January.

We're thankful for this provision and consideration from the London Bishops. Please pray on for all our Bishops as they navigate the difficult situation that has emerged, and pray for our synod reps, for our PCC and for Dave and Alex that we would be gracious, faithful and clear within it.

Christ Church North Finchley – Minutes of the Annual General Meeting held on Sunday

==> picture [524 x 53] intentionally omitted <==

Minutes of the 2024 AGM

Meeting held on Sunday 12th May 2024:

Minutes of previous meeting: The Minutes of the Meeting held on 21 May 2023 were approved and signed by the Chair Rev. David Walker.

DW welcomed those present in church and those watching on “Zoom” and opened the meeting with a time of prayer.

DW explained how the church functions and works within the local community and displayed a chart showing the different groups and areas of ministry. The four areas were Gatherings, Outreach, Processes and Partnerships.

He then gave an overview of how the meeting would run with a series of reports given by leaders of Church Groups under these four headings and suggested these should be used as a trigger for prayer support.

Groups to be represented this afternoon – Children’s Groups, House groups, Prayer Groups, English Tuition Classes (ETC), Brunch Club, Thursday Morning Service,

Gatherings:

DW reported on regular services (see the reports booklet)

DW announced that Alex Williams will be joining Christ Church as a Curate after his ordination on 1 July 2024.

Youth and Children’s Ministry: Maggie Thorp reported on children and young people’s groups.

DW thanked all the leaders and volunteers for their hard work and dedication to working with our children and young people.

Outreach:

DW reported on outreach work with adults. The 123 Club for parent/carers and toddlers continues to thrive and so does the Brunch Club for the over fifties. Christianity Explored has morphed into a House Group meeting in the Parks Lounge on a weekly basis.

Aled Williams reported on ministry among Iranian people: on Sundays after the service around 15-20 Iranians meet in the church hall for Bible Study an off shoot of Christianity Explored.

Processes:

Finance: RM gave an overview of the Annual Accounts focusing on income and expenditure and how the monies collected are spent. RM said he calculated that to meet the proposed budget for the coming financial each person should give around £110.00 per month. Copies of the Report and Accounts available online or as a hard copy on request to the church administrator.

Buildings: MB reported - that London Borough of Barnet has rejected our application to renovate the Narthex. Church council has to decide as whether we should challenge this decision. The Church boiler was replaced in December 2023. MB also gave an outline of the work to be carried out on the Church Hall and kitchen.

Safeguarding – Sarah Afuwape the PSO (Parish Safeguarding Officer) gave an update on our current position and the importance of implementing safeguarding policies to create a safe environment for our children and vulnerable adults.

● It is important that any concerns are reported to her rather than being discussed with outer church members.

their “Certificate of Completion” with the PSO.

by the Diocese.

DW prayed for SA and JW and the work they are doing to keep our congregation safe.

Partnerships:

Grace House: Will Hawkes confirmed that he is working with Christ Church and St Paul’s Long Lane to form a renewed Christian Care Trust to run and manage Grace House. The two churches will be the members of the organisation and will each appoint a trustee to represent them in the regular running of the charity.

Appointment of people to positions of responsibility:

Church Wardens – Mike Barkway and John Haruna

Treasurer – Ronnie Matthews

PCC Secretary– Christine Denny-Cooper

Church Council – Maggie Thorp, Tony Afuwape, Sarah Afuwape, Jodie Willett, Nakato Kiwana Annie Nicols, Graham Turl.

Deanery synod- Cyril Tse Ning and Natalie Ting were appointed last year for 3 years.

Appointment of Independent Examiner – John Helm FCA (Simply Churches Limited)

DW thanked everyone for attending and the meeting closed at 4.20pm.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Diocese of London

Charity Registration Number: 1134773

Report & Accounts 31 December 2024

Tandem Accounting Chartered Accountants 17 Heathville Road London N19 3AL

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report and Financial Statements 2024 Contents

Page
Legal and administrative information 2
Report of the Parochial Church Council 3
Independent Examiner’s report to the Parochial Church Council 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Legal and Administrative Information For the year ended 31 December 2024

Charity Name The Parochial Church Council of The Ecclesiastical Parish of Christ Church North Finchley. Charity No 1134773. The Parish was established in 1864 and is a charity which was formally registered with the Charity Commission on 10[th] March 2010. Principal Address 620 High Road, North Finchley, London N12 0NU . Governing Document Parochial Church Council (Powers) Measure 1956 as amended and The Church Representation Rules (Contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Objective To Know and Show Jesus, within its local community and as part of the extended mission of the Church. Members of the PCC The Members of the PCC who served during the year or who were serving at the date of this report were: Clergy David Walker (Vicar) Alex Williams (Curate) Churchwardens Michael Barkway (re-elected May 2024) Enjoh John Haruna (Elected May 2024) Elected Lay Representatives Christine Cooper (re-elected May 2024) Belinda Willett (re-elected May 2024) Tony & Sarah Afuwape (re-elected May 2024) Nakato Kiwana (re-elected May 2024) Margaret Thorp (re-elected May 2024) Anneliese Nichols (re-elected May 2024) Graham Turl (re-elected May 2024) Ronald Mathews (re-elected May 2024) Lay Representatives to the Aled Williams Deanery Synod Chu Ting Tse Ning Key Management Those in charge of directing, controlling, running and operating the Church on a day-toPersonnel day basis are the members of the PCC and the Church Administrator. Bankers Charities Aid Foundation Bank 25 Kings Hill Avenue, Kings Hill Malling, Kent ME19 4JQ Independent Examiner John Helm ACA Tandem Accounting 17 Heathville Road London N19 3AL Quinquennial Inspector Louise Goodison RIBA Cazenove Architects 32-32 Clarence Mews London E5 8HL

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

The Parochial Church Council of The Ecclesiastical Parish of Christ Church North Finchley (“PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2024. The Financial Statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report. The PCC considers that these Financial Statements provide a True and Fair view of the Financial Position of the PCC in accordance with governing legislation and the Church Accounting Regulations 2006, governing the individual accounts of PCCs.

The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and beyond. It also has responsibility for the non-stipendiary staff and the maintenance of the Church building, Stephens Memorial Hall, the Vicarage and the property at 622 High Road.

1. Structure, Governance & Management

1.1 Trustees

The PCC is a body corporate with perpetual succession. The PCC meets bi-monthly during the year and operates through a number of working groups which meet in addition to the full meetings of the PCC. The PCC discusses a full range of matters relating to finance, fabric, general administration and responsibility for keeping of the Electoral Roll. Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The incumbent PCC at the date of this report has held office since the last Annual Parochial Church Meeting in May 2024.

1.2 Church Attendance

The electoral roll is completely reviewed and revised once every six years but is updated every year in between. It currently stands at 114.

1.4 Risk Management

The PCC’s primary concern and aspiration is the furtherance of the Gospel to the glory of God, both in the local community and in the wider world, in keeping with its ethos which is “to know and show Jesus”. Whilst the PCC trusts wholly in the Lord to work out his good will to this end, it also recognises the responsibility that the Church bears for the Individual Members and to the Membership as a corporate body, in terms of the identification and management of risks that may be faced in the pursuit of its goals. The PCC has therefore assessed the risks it faces and has put into place proper policies and procedures that it considers are necessary to mitigate these risks.

Christ Church North Finchley has a number of measures in place to mitigate risk. These include a Safeguarding Policy that is structured in accordance with the guidelines set out by the Church of England, a Health and Safety policy that recognises its Duty of Care to all people entering the premises and a Finance Policy that recognises the Fiduciary Duty that it has for the proper maintenance and care of the Church Finances. These and other Policies that direct the functioning of the PCC are underwritten by a sensitive yet robust pastoral structure at the centre of which is the care of the individual, which is its ultimate goal.

1.4 Safeguarding

Regarding the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

1.5 Quinquennial Inspections:

The last quinquennial inspection was undertaken in November 2022. The main observation was that the church building is generally in good condition and well maintained, with no major causes for concern.

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

2. Activities, Strategies & Public Benefit

The PCC has given due regard to the Charity Commissions’ guidance on public benefit. To this end the PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community:

3. Achievements and Performance

The PCC is thankful for the grace that has enabled the Church to remain fruitful in the last year. Church attendance has been stable at the Thursday and Sunday services, with a core of regular church attendees, who support the ministry both financially and through active service. The availability of the Online Ministry continues to be helpful, but attendance in person at church services is the preferred option for worship by members of the congregation. The interaction with local schools has continued and our partnership with Pathway continues to be a success in taking the message of the gospel to a wider audience. The Youth and Children’s ministries continue to be productive, and we are thankful for the volunteers whose dedication enables this to be a success.

Income from the Hall has remained stable in the year and it is hoped that this trend will continue. Use of the Hall has been near full capacity. Jodie Willett and Babirye D’Arbella who has been engaged as Hall Administrator have been actively seeking new engagements for the Hall. We hope to see their efforts bear fruit during the course of 2025. Operating costs have continued to be high in the year, and it is hoped that these will reduce in the near term. The availability of an on-site team has been well received by Hall users, and has been helpful with resolving issues and queries timeously.

Rents from the Flats at 622 High Road have made a significant contribution to the Church finances in the year. Alex Williams the new Curate is now in post and has taken up residence at Flat 1. Flat 2 continues to be let at a full market rent and we anticipate that this will continue for the foreseeable future.

Further in-depth analyses of the Income and Expenditure for the year and of the financial position of the PCC at 31[st] December 2024 are provided in the following pages of these financial statements.

4. Going Concern

With church attendance growing, the PCC is confident that there is no significant risk to the Church as a going concern.

Income from Hall lettings has remained stable, and the PCC is confident that this trend will continue.

Congregational giving has remained relatively stable through the last year, as the congregation has continued to support the church despite the challenges posed by the rising cost of living.

The reduced Common Fund contribution, negotiated in 2020, continues to ease cash flow pressures. This will be reviewed periodically and uplifts in payments will be made where possible. Rental income received from the letting of 622 High Road is being used to restore funds that were used in the redevelopment of the property. These will be available to meet common fund obligations when the funds have been restored. The commencement of the Curacy of Alex Williams in July 2024, has however resulted in the repayment taking longer than anticipated, due to the loss of rent, and we have informed the Diocese accordingly.

The PCC considers that there are no significant risks posed to the Church as Going Concern and that it is therefore appropriate that the Financial Statements for 2024 should be prepared on a Going Concern basis.

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

5. Financial Review

The PCC’s has three main sources of Funding which are Income derived from the Freewill offerings of Members of the Congregation, the income derived from the Letting of Stephens Memorial Hall and the Income derived from the Letting of the flats at 622 High Road.

5.1 Financial Activity and Financial Position

The Statement of Financial Activities and Balance Sheet can be found on pages 10 and 11 respectively. The Church has a net surplus of £77,276 in the year to December 2024. This is in comparison to a net deficit of £ 12,679 in the year to December 2023. The surplus is largely made up of the Insurance receipt of £50,993 in the year for the claim made for the replacement of the Church boiler. Income received in the period amounted to £250,694 (£204,402 in 2023) and Expenditure amounted to £173,418 (217,081 in 2023). This includes income received from the Hall and Clubs.

5.1.1 Income

The Church received income of £79,235 (£74,654 in 2023), through voluntary giving by members of the congregation. Voluntary Giving towards the maintenance of the Church amounted to £4,667 (£4,574 in 2023). Grants amounting to £1,575 were received in the year (£6,475 in 2023). A legacy of £18,996 was received from the estate of Jessie Cox. The total amount received through Voluntary Giving amounted to £99,824. (This compares with £101,129 in 2023).

Tax recovered from Gift Aided receipts recognised in the period amounted to £20,430 (£15,441 in 2023). Actual receipts in the year amounted to £18,652 and this included £10,944 relating to 2023. A further provision of £12,722 has been made for amounts recoverable for 2024, which together with interest, received yields the amount reflected in the financial statements for 2024.

Income from the Hall and Clubs and ancillary church activities amounted to £52,195 (£54,453 in 2023). The income from Stephens Memorial Hall has remained relatively stable through the year,

Rental income received from the Flats at 622 High Road was £ 27,204 (£33,379 in 2023). The Flat 2 was occupied throughout the year at a full market rent.

5.1.2 Revenue Expenditure

The Church contributed £46,000 (£36,000 in 2023) towards the Church of England Common Fund. The reduced contributions are in line with the ongoing agreement with the Diocese.

The total Employment costs paid by the year amounted to £26,918 (£18,456 in 2023). No liability to Employer’s National Insurance was incurred as these costs fell within the Employers Allowance for the period.

Employment Costs are Allocated between the Church and Stephens Memorial Hall. The Cost allocated to the Church in the period was £ 16,187 (£13,256 in 2023) and the cost allocated to the Hall amounted to £ 10,731 (£5,200 in 2023)

Total costs of £16,877 (£54,517 in 2023) were spent on maintaining the fabric for the Church. A further £21,200 (£21,354 in 2023) was spent on Utilities and Insurance.

Costs incurred in the Operation and Maintenance of Stephens Memorial Hall were £42,000 (£59,576 in 2023) and £2,200 for the operation of the Clubs (£3,947 in 2023). Maintenance Costs of £1,220 were incurred with regard to 622 High Road, (£989 in 2023).

The floor of the Parkes Lounge was replaced at a cost of £4,800 in February 2024. The Hall Fire Doors were replaced at a cost of £10,290 in May 2024. A further sum of £9,360 has been incurred in the replacement of the Fire Shutters in Stephens Memorial Hall in February 2025. Bird proofing has been installed on the Church roof at a cost of £2,592 in March 2025 to prevent Pigeons nesting in the roof above the west wing of the Church, the consequence of which had become a health and safety hazard for Church users.

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

5.1.3 Missionary Giving

The Church has a policy of allocating 10% of its Unrestricted Income (Excluding Exceptional items) towards supporting the advancement of the Gospel through the work of our Mission Partners both in the United Kingdom and abroad. The amount allocated for this purpose is £9,402 (£8,406 in 2023).

5.1.4 Capital Expenditure

There was no capital expenditure incurred in the year to December 2024. (£3,833 in 2023). Expenditure incurred in upgrades for the Hall have been treated as revenue expenditure in these accounts.

5.2 Fund Balances at the Year End

The Funds of the Church are divided into three categories:

Total Funds at the Year End amount to £2,138,547. The General Funds had a balance of £1,990,299 Designated Funds a balance of £25,008 and the Maintenance Fund a balance of £123,240.

The General Church Fund includes the Fixed Assets, The General Church Bank Account, the Debtors and the Creditors. Taken together with the changes in Debtors and Creditors, the General Church Funds have increased by £26,275. There has been no change in the value of Stephens Memorial Hall or 622 High Road. The value of Stephens Memorial Hall is included at £1,577,231 and the value of 622 High Road at £356,147.

The Designated funds show an increase of £8,439 in the year.

The Maintenance Fund is held for the maintenance of the Church Building and other ancillary elements forming part of its fabric. The Fund shows an increase of £42.562 in the year.

, The Redevelopment Costs of 622 High Road were met from cash reserves held in the Maintenance Fund as the PCC considered it preferable to use these funds for the redevelopment rather than borrow the funds from third parties. To ensure that the funds are repaid and to provide a mechanism for the repayment, the rents received from 622 High Road over a period of approximately 5 years will be treated as Designated Funds to be held for the maintenance of the Church Building. This will be implemented from 2025, and rental income received in prior years will be transferred to the Designated Fund created for this purpose.

The PCC further provides an undertaking that they (via the General Fund) will borrow funds at commercial rates using 622 High Road as collateral and repay in full any amounts outstanding in respect of this borrowing, should this become necessary for the maintenance of the Church Building, at any time prior to the repayment of the borrowing in the manner prescribed above.

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

6. Reserves Policy

The PCC has as yet no clearly formulated Reserves Policy, however, an analysis of the funds show the following free reserves at the year end.

reserves at the year end.
Total Reserves
Less: Restricted F unds
Less: F ixed Assets
F ree Reserves		 Balance at
Balance at
31 Dec 2024
31 Dec 2023
£
£
2,138,547
2,061,271
(123,240)
(80,678)
(1,934,656)
(1,935,933)
80,651
44,660

7. Plans for Future Periods

The installation of a Fire Alarm and Emergency Lighting in the Church Building is scheduled in 2025, at an anticipated cost of £12,667. A further Phase 3 of the Hall upgrade is planned. Phase 3 will include the installation of Secondary Glazing and an upgrade of the Disabled Persons Toilet. Phase 3 has not been fully costed and will proceed when more funds become available.

8. Responsibilities of Trustees for the Financial Statements

The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and application of income of the charity for that period.

In preparing those financial statements, the PCC is required to:

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the governing document. The PCC is 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. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Parochial Church Council For the year ended 31 December 2024

9. Approval

The report of the PCC was approved by the PCC on 21[st] April 2025 and signed on its behalf by:

David Walker Vicar

Ronald Mathews Treasurer

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report of the Independent Examiner to the Parochial Church Council of The Ecclesiastical Parish of Christ Church North Finchley

I report on the accounts of the Parochial Church Council of Christ Church North Finchley for the year ended 31 December 2024, which are set out on pages 10 to 22.

Respective responsibilities of PCC and examiner

The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. The charity’s gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

Basis of independent examiners’ report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiners’ 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:

  1. accounting records were not kept in respect of the church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

su John Helm Chartered Accountant 9[th] May 2025

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Statement of Financial Activities For the year ended 31 December 2024

Notes
INCOME AND E NDOW ME NTS
Voluntary Income
2(a)
Gift Aid Recovered
2(b)
Income from Functional Properties
2(c)
Church Activities
2(d)
Investment Income
2(e)
Other incoming resources
2(f)
TOTAL INCOME
E XP E NDITURE
Church Activities
3		 Unrestricted
Restricted
TOTAL
Funds
Funds
2024
£
£
£
95,157
4,667
99,824
20,352
77
20,430
74,914
-
74,914
4,152
-
4,152
91
242
333
48
50,993
51,041		 Unrestricted
Restricted
TOTAL
Funds
Funds
2023
£
£
£
96,555
4,574
101,129
14,323
1,118
15,441
80,687
-
80,687
6,879
-
6,879
112
154
266
194,715
55,979
250,694		 198,556
5,846
204,402
160,001
13,417
173,418		 162,564
54,517
217,081
TOTAL E XP E NDITURE
NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS
NET GAINS ON INVESTMENTS
NET INCOME / (EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS		 160,001
13,417
173,418		 162,564
54,517
217,081
34,714
42,562
77,276		 35,992
(48,671)
(12,679)
-
-
-		 -
-
-
34,714
42,562
77,276
-
-
-		 35,992
(48,671)
(12,679)
-
-
-
34,714
42,562
77,276		 35,992
(48,671)
(12,679)
Total Funds Brought Forward at 1st January 1,980,593
80,678
2,061,271		 1,944,601
129,349
2,073,950
Total Funds Carried Forward at 31st December 2,015,307
123,240
2,138,547		 1,980,593
80,678
2,061,271

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Balance Sheet

For the year ended 31 December 2024

Unrestricted Restricted
Funds Funds TOTAL TOTAL
Notes 2024 2024 2024 2023
£ £ £ £
FIXE D ASSE TS
Stephens Memorial Hall 1,577,231 - 1,577,231 1,577,231
Building (622 High Road) 356,147 - 356,147 356,147
Equipment 1,278 1,278 2,555
5 1,934,656 - 1,934,656 1,935,933
CURRE NT ASSE TS
Debtors and Prepayments 6 20,633 - 20,633 21,527
Cash at bank and in Hand 7 79,218 123,240 202,458 123,459
99,851 123,240 223,091 144,986
LIABILITIE S
Creditors - Amounts falling due within one year 8 19,200 - 19,200 19,648
NE T CURRE NT ASSE TS / (LIABILITIE S) 80,650 123,240 203,891 125,338
TOTAL NE T ASSE TS 2,015,307 123,240 2,138,547 2,061,271
P ARISH FUNDS
Restricted Funds 9 123,240 123,240 80,678
Unrestricted Funds
Designated Funds 9 25,008
 - 25,008 16,569
General Church Funds 9 1,990,299 - 1,990,299 1,964,024
TOTAL P ARISH FUNDS 2,015,307 123,240 2,138,547 2,061,271

The financial statements were approved by the PCC on 21[st] April 2025 and signed on its behalf by:

David Walker Vicar

Ronald Mathews

Treasurer

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102)). The financial statements are drawn up on the historical cost basis of accounting except for the Church Building which is excluded and Other Land and Buildings which are included at Market Value

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

The PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for when received. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received.

Income derived from Functional Properties are accounted for when earned. They are shown gross, with the associated costs of generating the income is included in the running costs of the Asset.

Interest on funds held on deposit is included when it is received.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include, governance costs and an apportionment of support costs.

The PCC contributes to employee’s workplace pensions in accordance with prevailing legislation, where the employee has opted to remain in the workplace pension scheme. The cost in the accounts is the amount of contributions paid and payable during the year.

Taxation

As a charity, the PCC is exempt from tax on income and gains falling within the provisions of the Corporation Taxes Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the PCC.

Tangible Fixed Assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. No value is placed on moveable church furnishings that are held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal, since the PCC considers this to be Inalienable property. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities and not Capitalised and Amortised within the accounts.

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

1. Accounting Policies (Continued)

Freehold Land & Buildings

The freehold land and building, represented by Stephens Memorial Hall and the residential accommodation at 622 High Road N12 are stated at their current valuations for insurance purposes. Depreciation is not provided as the estimated residual value is considered to be the same or higher than the carrying value of the property in the accounts.

Tangible Fixed Assets for use by the Charity

The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a straight-line basis over the effective useful life of the asset, which has been estimated as 3 years.

Debtors

Debtors are included at the settlement amount due. 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 short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

The funds held by the charity are either:

Rounding Differences

The PCC recognises that rounding differences may arise in the preparation of these accounts, as amounts are presented in whole numbers of the base currency (GBP) and subunits (Pence) ignored. These rounding differences have been treated as immaterial in the notes to the accounts, to maintain consistency with the headline figures.

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements For the year ended 31 December 2024

  1. Income and Endowments
2. Income and Endowments 2. Income and Endowments
Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2024
2023
£
£
£
£
2(a) Voluntary Incom e
Planned Giving
69,755
4,667
74,422
71,315
Collections at Services
4,459
-
4,459
2,959
Legacies Received
18,996
-
18,996
20,000
Amounts Allocated for Specific purposes
Holiday Club
372
-
372
380
Grants Received
1,575
-
1,575
6,475
Income for Specific Purposes
-
-
-
-
95,157
4,667
99,824
101,129
2(b) Gift Aid Recovered
Gift Aid Recovered - Unrestricted
20,352
-
20,352
14,323
Gift Aid Recovered - Restricted
-
77
77
1,118
20,352
77
20,430
15,441
2(c) Incom e from Functional Properties
Income From Stephens Memorial Hall
Income from 622 High Road - Rent
Income from the Use of the Church Building		 47,710
-
47,710
47,308
27,204
-
27,204
33,379
-
-
-
-
74,914
-
74,914
80,687
2(d) Incom e from Church Activities
Sale of Books, Cards and CDs, Concerts and Other
Fees from Courses, Groups and Events
Fees from Weddings and Funerals
Income from Clubs
Income from the English Tuition Club
Income from The Luncheon Club
Income from the 123 Club
2(e) Investm ent Incom e
Bank Interest Received
2(f) Other incom ing resources
Miscellaneous Receipts
Insurance Claims Receipt		 54
-
54
21
165
-
165
3,358
1,014
-
1,014
1,324
1,530
-
1,530
556
553
-
553
501
836
-
836
1,120
4,152
-
4,152
6,879
91
242
333
266
91
242
333
266
48
-
48
-
50,993
50,993
-
48
50,993
51,041
-
Total Incom e 194,715
55,979
250,694
204,402

14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements For the year ended 31 December 2024

3.Expenditure 3.Expenditure
Unrestricted Restricted
TOTAL
Funds
Funds
2024
£
£
£
3(a) Church Activities
Ministry and Outreach
Contribution to the London Diocesan Fund
46,000
-
46,000
Youth and Children's work
1,210
-
1,210
Expenses Reimbursed
-
-
-
Sundry Ministry and Outreach
7,947
-
7,947
55,157
-
55,157		 TOTAL
2023
£
36,000
867
-
8,034
44,901
3(b)
Employment Costs
Administrator's Remuneration - Church Proportion
Employers NIC		 16,187
-
16,187
-
-
-
16,187
-
16,187		 13,256
-
13,256

The total Employment costs paid by the year amounted to £26,918 (£18,456 in 2023). No Liability to Employers National Insurance was incurred as these costs fell within the Employers Allowance for the period. The Church Administrator’s salary is borne by the Church only, and the salary for the Hall Administrator is funded by the Hall income. These figures are provided in Note 4 below.

The Charity had three employees in December 2024. Kwame Aheampong was employed throughout the year as the Hall Caretaker. Catherine Edwards was engaged as the Church Administrator in September 2024 and Babirye D’Arbela as engaged as the Hall Administrator in September 2024. Colin Short and Claire East resigned from their positions in 2024.

3(c)
Church Running Expenses
General Administration Costs
Printing and Stationery
Statutory Fees
Taining
Subscriptions
Bank charges		 2,147
-
2,147
4,265
50
-
50
120
241
-
241
392
594
-
594
-
998
-
998
1,353
215
40
255
228
4,245
40
4,285
6,359
3(d)
Church Repairs and Maintenance
Church Premises - Cleaning
Church Premises - Utilities
Church Premises - Insurance
Church Premises - Maintenance of the Fabric of Buildings
Professional Fees
Vicarage - Repairs and Utilities		 1,040
-
1,040
1,090
13,793
-
13,793
6,568
7,407
-
7,407
13,695
3,738
7,899
11,637
53,210
-
4,200
4,200
1,205
2,485
-
2,485
1,642
28,463
12,099
40,562
77,410

15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements For the year ended 31 December 2024

3. Expenditure (continued)

Costs for Repairs and Maintenance were higher in 2023 due to costs incurred in replacing the Church boiler. These costs were recovered from the Insurers in April 2024 and sum received of £50,993 is shown at note 2(f) above

3(e)
Maintenance of Other Functional Properties
Expenditure on Stephens Memorial Hall
Expenditure on 622		 42,000
-
42,000
1,220
-
1,220
43,220
-
43,220		 59,576
989
60,565
3(g)
Missionary and Charitable Giving
Open Doors
The Church Army
Pathway (Children's Charity)
Wycliffe Bible Translators
Grace House (Christian Care Home)
Colombo Theological Seminary		 1,567
-
1,567
1,567
-
1,567
1,567
-
1,567
1,567
-
1,567
1,567
-
1,567
1,567
-
1,567
9,402
-
9,402		 1,401
1,401
1,401
1,401
1,401
1,401
8,406
3(f)
Expenditure on Clubs
Expenditure on the English Tuition Club
Expenditure on the Luncheon Club
Expenditure on the 123 Club		 1,162
-
1,162
282
-
282
755
-
755
2,200
-
2,200		 2,348
459
1,140
3,947
960
960
1,278
1,278
217,081
3(h)
Governance Costs
Examiner's Fee
3(i)
Other Costs
Depreciation of Church Equipment		 1,128
-
1,128
1,128
-
1,128
-
1,278
1,278
-
1,278
1,278
Total Expenditure 160,001
13,417
173,418

16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

4 Analysis of Stephens Memorial Hall Income and Expenditure:
4
Hall Accounts
Income
Regular lettings and groups
Parties and other casual lets
Expenditure
Utilities, cleaning, insurance
Repairs and maintenance
Administration & Salaries
Net Surplus / (Deficit)		 2024
£
44,750
2,960
47,710
16,313
14,956
10,731
42,000
5,710		 2023
£
46,573
735
47,308
29,961
24,415
5,200
59,576
(12,268)

Stephens Memorial Hall, although forming part of the Charity, is managed independently as it derives income from its own activity. The analysis of Income versus Expenditure for the Hall alone is set out above. The analysis provides further detail relating to the Income figure shown at note 2(c) and the Expenditure figure shown at note 3(e) above.

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements For the year ended 31 December 2024

5 Tangible Fixed Assets

Freehold Land & Buildings. The Church has control over two Functional Properties, Stephens Memorial Hall and the house at 622 High Road. The costs of these properties are now included within fixed assets on the basis of their Insurance valuation. The book values of both properties have been increased by redevelopment costs incurred. No depreciation is charged since the value of these properties are generally increasing rather than decreasing.

622 High Road
House
£
356,147
356,147		 Stephens
Hall
Total
£
£
1,577,231
1,933,378
1,577,231
1,933,378
Cost and Net book value at 31 December 2024
Cost and Net book value at 31 December 2023

Equipment.

The value of equipment purchased is Included in the Balance Sheet at its net book value. Depreciation is charged on a straightline basis over the effective useful life of the asset, which has been estimated as 3 years. The net book value of equipment held at the end of the year is £1,278.

==> picture [506 x 186] intentionally omitted <==

----- Start of picture text -----
Equipm ent
Total
£
Cost at at 1 January 2024 17,433
-
Equipment Purchased during the year
As at 31st December 2024 17,433
Depreciation
As at 1 January 2024 14,878
Charge for year 1,278
As at 31 December 2024 16,155
Net book value at 31 December 2024 1,278
Net book value at 31 December 2023 2,555
----- End of picture text -----

6 Debtors

HMRC (tax reclaim)
Amounts Due from the Letting of Stephens Memorial Hall
Net Salaries, PAYE & Pensions		 2024
2023
Total
Total
£
£
12,722
10,944
7,911
9,763
574
20,633
21,281

18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

7 Cash at Bank and In Hand

General Church account
Maintenance account
Hall Current Account
Hall Reserve Account
English Tuition Club - Bank & Cash
The Luncheon Club- Bank & Cash
The 123 Club - Bank Account		 Cash as at
1 Jan 2024
£
34,574
72,317
5,901
5,014
4,785
403
464		 Receipts
In The Year
£
115,142
84,449
49,509
73
1,530
553
836
252,091		 Payments
in the Year
£
(113,280)
(15,752)
(41,860)
-
(1,162)
(282)
(755)
(173,091)		 Cash as at
31 Dec 2024
£
36,436
141,014
13,549
5,087
5,153
674
545
123,459 202,458

8 Creditors – Amounts falling due within one year

8 Creditors – Amounts falling due within one year
Rental Deposits for Flats
Amounts due to Suppliers and Unpaid at the Year End
Amounts due to Missions Partners
Provision for Additional Payment to the London Diocesan Fund
Payments on Account from the Letting of Stephens Memorial Hall
Accruals
Sundry Creditor		 2024
Total
£
1,832
940
9,402
5,000
-
1,616
411
19,200		 2023
Total
£
3,166
3,658
9,794
-
997
948
1,085
19,648

19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements For the year ended 31 December 2024

9 Analysis of Parish Funds

Movem ents during 2024
General Church fund
Designated Funds
Stephens Memorial Hall Current Account
Stephens Memorial Hall Reserve Account
English Tuition Club
The Luncheon Club
The 123 Club
Designated Funds
Total for Unrestricted Funds		 Balance at
1 Jan 2024
Incom e
Expend.
Transfers
Balance at
31 Dec 2024
£
£
£
£
£
1,964,024
142,216
(115,941)
-
1,990,299
5,901
49,509
(41,861)
-
13,549
5,015
73
-
5,087
4,785
1,530
(1,162)
-
5,152
403
553
(282)
-
674
464
836
(755)
-
545
16,569
52,499
(44,060)
-
25,008
1,980,592
194,715
(160,001)
-
2,015,307
Restricted Funds
Maintenance Fund
Grand Total		 80,678
55,979
(13,417)
-
123,240
2,061,271
250,694
(173,418)
-
2,138,547
Movem ents during 2023
General Church fund
Designated Funds
Stephens Memorial Hall Current Account
Stephens Memorial Hall Reserve Account
English Tuition Club
The Luncheon Club
The 123 Club
Designated Funds
Total for Unrestricted Funds		 Balance at
1 Jan 2023
Incom e
Expend.
Transfers
Balance at
31 Dec 2023
£
£
£
£
£
1,908,867
135,217
(80,061)
-
1,964,024
23,392
61,064
(78,556)
-
5,901
4,917
98
-
-
5,015
6,577
556
(2,348)
-
4,785
361
501
(459)
-
403
484
1,120
(1,140)
-
464
35,734
63,339
(82,502)
-
16,569
1,944,601
198,556
(162,563)
-
1,980,592
Restricted Funds
Maintenance Fund
Grand Total		 129,349
5,846
(54,517)
-
80,678
2,073,950
204,403
(217,080)
-
2,061,271

20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

9 Analysis of Parish Funds (continued)

Descriptions of the funds and their purpose are as follows.

Unrestricted Funds:

The General Church Fund: The General Church Fund is an Unrestricted Fund and Includes the Fixed Assets, the General Church Bank account the Debtors and the Creditors. The fund Income is received from Voluntary Giving by the members of the Congregation, and its expenditure is incurred in the operation of the Church.

Restricted Funds:

The Maintenance Fund: The Maintenance Fund is a Restricted Fund that is used for the Maintenance of the Church Building and other ancillary elements forming part of its fabric. The Fund Income is received from Voluntary Giving by members of the congregation.

Designated Funds:

The Hall Current Account : The Hall Current Account receives Income that is derived from the use of the Hall. Expenditure on the operation of the Hall is also paid from this fund. The fund may also be used for General Charitable Purposes subject to limits imposed by the Hall Deed and the Hall Charity Commission Scheme (1972)

The Hall Reserve Account: The Hall Reserve has been accumulated over time from Surpluses generated from the Hall’s activities. The Hall Reserve is held for the purpose of major Maintenance or Redevelopment work of the Hall.

English Tuition Club: Income is derived from the activities of the Club and Expenses are paid out of Income received. The fund surplus has been accumulated over time from the activities of the Club.

The Luncheon Club: Income is derived from the activities of the Club and Expenses are paid out of Income received. The fund surplus has been accumulated over time from the activities of the Club.

The 123 Club: Income is derived from the activities of the Club and Expenses are paid out of Income received. The fund surplus has been accumulated over time from the activities of the Club.

Analysis of closing balances at 31 Decem ber 2024

General Church fund F ixed
Assets
Cash
Owed
between
funds
Creditors
Debtors
Total
£
£
£
£
£
£
1,934,656
54,210
(19,200)
20,633
1,990,299
Designated Funds
Stephens Memorial Hall Current Account
Stephens Memorial Hall Reserve Account
English Tuition Club
The Luncheon Club
The 123 Club
Designated Funds
Total for Unrestricted Funds
Restricted Funds
Maintenance Fund
Grand Total		 -
13,549
-
-
-
13,549
5,087
-
-
-
5,087
-
5,152
-
-
-
5,152
-
674
-
-
-
674
-
545
-
-
-
545
-
25,008
-
-
-
25,008
1,934,656
79,218
-
(19,200)
20,633
2,015,307
-
123,240
-
-
-
123,240
1,934,656
202,458
-
(19,200)
20,633
2,138,547

21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Notes to the Financial Statements

For the year ended 31 December 2024

10. Related Party Transactions

There were no expenses incurred by PCC members in relation to training, travel, subsistence or communication in the year.

Members of the PCC gave a total of £21,328 (2023: 20.269) in unrestricted offerings and donations during the year.

There were no other related party transactions in the year to 31 December 2024.

22