lo'ts ISLEWORTH All Saints Isleworth Annual Report and Accounts Year Ended 31st December 2024 67 Church St, Isleworth. TIV7 6BE Registered charity number 1134944
Contents Annual report 2024 o Vicarfs Report o Music Report o PCC and electoral roll reports o Safeguarding Report o Fabric Report o Reference and Administrative Details o Structure, Governance and Management o Responsibilities and Approval o Risk Management o Reserves Policy Financial Review 2024 o Commentary on 2024 Finances o Independent Examiner's Report to the PCC (Feltons) o Annual Accounts forthe period 1st January 2024 to 31st December 2024 Statement of Financial Activities {"SOFA") Balance Sheet as at 31 December 2024 Note l- Accounting policies Notes 24-Analysis of incoming resources Notes 5-9-Ana]ysis of resources expended Note 10- Tangible Assets Note 11- Debtors and Prepayments Notes 12-13 - Creditors Note 14- Prior Year Adjustment Notes 15-16- Statement of Funds Note 16 - Liabilities Note 17- Movement in Funds Note 18- AnasIS of Cash Note 19 - Charity Details io io li 13 15 16 17 20 21 23 24 24 24 25 27 28 28 29
Parochial Church Council of All Saints Isleworth Annual report and accounts 31st December 2024 Vicar's report & overview of the year Overview and Weekly Sunday Services Since my appointment, I have taken on majorty of the service leading and preaching, in orderto create stability and consistency after the variety of those who ably stewarded these roles during the interregnum. We have also introduced monthty family services, with the vision of bringing unty and engagement in worship across all generations of the life of the church. After the commissioning of the graft team from St Stephens Twickenham bythe Bishop of Kensington, summer 2023 was the start of a new season forthe worshipping and community lrfe of All Saints. My key objective both then and during 2024 as the new incumbent has been shaped by the vision of All Saints being a 'Beacon of Hope for the people of Isleworth., 2024 year has also been a time of change for the PCC, as a number of members felt it the right time to step back from this role. Huge thanks must go to Maddie Baker, Carol Pielichaty, Rob Thorpe, Marion Easton, Paul Thomson, Lucy Shimmons, and Ben Perrin, after giving a great deal to the life of the church through their service. time and commitment, particularly during the challenging times of the COVID pandemic and the interregnurn. Growth and development All Saints is blessed with a significant number of children and young families. Their connections, particularly via local schools and the nursery that uses some of the church space during the week, are great opportunity forthe church both missionally and in serving the community. Rachael Cokayne ha5 continued to invest a great deal as kids ministry lead at All Saints. The volunteer team grew during 2024, and, together with a new curriculum, this has helped to set a culture where children can grow and be confident in theirfaith. This is a great foundation forthe future life of the church. Caroline Montgomery in her volunteer role as Famity Ministry lead started in April 2024 a new mid- week families ministry called 'Refresh'. The main church becomes a café area with tables and chairs for the adults and playmats with toys for the children. The vision is to create a space where families from our community are welcomed into church and where the adults are refreshed physically (with fresh coffee and pastries), emotionally (with people to listen and talk to) and most importantly spiritually with a five minute 'thought for the day,. In this 'thought' something of God is shared in a relevant and accessible way in a space that is also suitable and fun for the children. This has resulted in us engaging with an average of 20 families a week from the local communty during term time. ie around 20 adutts and 20-35 children, most of whom are not regular church goers.
Our summer Sunday afternoon teas- ab coordinated by a good number of volunteers- have continued, and again have been a great way of welcoming in some not-S¢>regular church goers. We have also seen a series of men's and women's breakfasts at church on Saturday mornings- with speakers and fellowship las well as food!) enriching our discipleship. We were glad to welcome back the Bishop of Kensington for a service in September, and not long after that we launched an Alpha course, as an introduction to the Christian faith, that ran over seven weeks until late November. And finally forthis settion, l am glad to report that the old vicarage, Butterfield House, has now soldl Rev Dave Cokoyne, Vicar of All Saints Music and Worship Report Mark Hinton Stewart continued as D1ctOr of Musicthroughout 2024, leading the 10am services from the piano and composing and arranging music for the choir. He also modernised the words to some of the hymns and transposed down many of the hymns and worship songs to a key that is more suitable for congregational singing-they are pitched too high for most to sing comfortab. As always, music played an important part in the life of All Saints, both in acts of worship and in the varied concerts that took place throughout the year. The weekly 10am services followed Holy Communion Order One with four hymns based on the theme of the setvice and the readings- an opening hymn, a rn0 reflective hymn between the two readings, an offertory hymn with enough verses to cover the taking of the collettion, and a final hymn at the end of the service. The choir WhatsApp group was used to organise members of the choirto sing at each Sunday service, and throughout the yearthere was a regular group of willing volunteers. Four of the choir, Michiko, Cathy, Mike, and Simon, are also string players and were happy to play alongside Mark in some of the services. Thanks go to all choir members and string players fortheir commitment. The screens continued to be used to project the words for the services with Mark putting together the PowerPoint slides. Using the screens instead of hymn books enabled us to continue expanding the repertoire of hymns and worship songs. Worship was centred around a series of themes from Revd. Dave- Exodus: A People of Presence; Habits That Shape Us; Battling Well; The Book of Ephesians; Rest; Being Church; and The Book of Luke. Wherever possible, hymn choices refiected thesethemes. The Carol Service was at 7.30pm on Sunday 15th December and, as in previous years, this highlight of the musical lrfe at All Saints was very well attended. Gratitude goes to the singers who gave up their time to rehearse and perform to such a high standard. Family Carols, a more contemporary and informal Style of Servi aimed at participation by all family members, was at 4pm on Sunday 22nd December. Mark Hinton Stewart- Dirertor of Music
PCC Report All Saints, PCC has the responsibilrty of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church. pastoral. evangelistic. social and ecumenical. It also has rnaintenan responsibilities for All Saints, church building and grounds. With the sale of Butterfield House, the church applted to, and received from, Hounslow its own new distinrt postal address. This is noted below. From April 2024, the PCC was made up of I clergy, 8 elected members (one of whom subsequently resigned after a few months), no separately elected Deanery Synod Representatives {although the vicar is a member of this), and two Churchwardens. It met six times during 2024, and with the agreement of the PCC and in order to release the vicar to be able to engage more ft]Ily in discussion rather than the running of the meetin& it has been chaired since April by Richard Montgomery. In those meetings, the PCC has discussed the'governance business, of the church- propety, including its rented out property in Hepple Close, finances, safeguarding- as well as its more missional aspects; and indeed as well as discussing practical matters of Church15fe, each PCC meeting includes prayer. Richard Montgomery- Churchworden Electoral Roll Report At the end of 2024, there were in excess of 80 people on the electoral roll, of whom the large majority live inside the parish. However the data for this {pre-Covid, pre-interregnum, and pre Dave Cokayne's arrivall is not considered reliable and a new roll will be produced in 2025. Richard Montgomery- Churchwarden Safeguarding Report Every person has a value and dignity that comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. This implies a duty to value all people as bearing the image of God and therefore to protect them from harm. We accept and endorse the principles set out in '5afeguarding in the Diocese of London,. We commit ourselves to nurtu, protect and safeguard all our members, particularly children, young people and vulnerable adults. We recognise that safeguarding is the responsibilty of the whole church communty. We undertake to exercise proper care in the selection, appointment, training and support of those working in both paid and voluntary posttions with children or vulnerable adults, including the use of Disclosure and Barring Service IDBS) disclosures and making appropriate referrals to the Disclosure and Barring Sep4ice. We will respond without delay to concerns or allegations that a child or vulnerable adult may have been harmed, cooperating with the police and social care services in any investigation.
We will challenge any abuse of power by anyone in a position of trust. We will seek to offer pastoral care and support to anyone who has suffered abuse, developing with them appropriate pastoral support. We will seek to offer pastoral care and support, including supervision and referral to the proper authortties, to any member of our church communty known to have offended against a child, young person orvulnerab5e adult. Our Parish Safeguarding offirfor most of the year was Alison Oakley. She resigned from this role after much faithful service and we are very grateful for her contribution. Since then this role has temporarily been covered by Dave Cokayne. We have safeguarding policies and processes in place at All Saints, for example around recruitment /volunteers, and Safeguarding is on the agenda itern at every PCC meeting. Richard Montgomery- Churchwarden Fabric Report At the end of 2023, following the fall of a stone, the church tower was closed for approximately nine months, until essential repairs to the stonework could be completed. As a result the area around it churchyard was also closed to the public, until the area was deemed safe once more for use. Both the courtyard and the churchyard were then re-opened On the work was completed. Security in the churchyard remains a concern, and we would like to install lightin& but in the meantime continue to liaise closely with other local stakeholders to mitigate risk. Various maintenance activities have been undertaken including treatment for rodents and repairs to electrics, and also significant Upgrades were made internally within the body of the church building as offices were redecorated and kitchenette replaced in order to facilitate a number of community and worship activities. Overall the renovations that we have undertaken so far have had a significant positive impact on the functionality of the church's actwities and outworking of its mission. However major challenges still remain, particularly with water ingress, concerns for the long-tem robustness of the heating and electrical systems, the general usability of the space for modem multi-purpose artivities, and the external fabric of the building. Consequentty it was not a surprise that during 2024 we were placed on Historic England's 'At RISK register. Rev Dove Cokoyne- Vicar
Reference and Administrative Details Charitable Status The Parochial Church Council of All Saints Isleworth has charitsble status as a registered pla of worship under the Charities Act 2011. Registered charity number 1134944 Principal Address All Saints Church 67 Church St Isleworth TW7 6BE 020 85605647 Bank Barclays Bank plc 8 George Street Richmond Surrey TW9 IJU Independent Examiner Feltons Chartered Accountants l The Green Richmond Surrey TW9 IPL
Structure, Governance and Management The Parochial Church Council The Parochial Church Council {PCCI is a corporate body, established by the Church of England. The PCC operates in accordance with the Parochial Church Council (Powers) Measure 1956 as amended and is required to c(Troperate with the Vicar in promoting the mission of the church in the parish. The PCC is constituted in accordance with Part11 of the Church Representation Rules, contained in Schedule 3 to the Synodical Government Measure 1969 (No. 21 and consists of the clergy and churchwardens of the parish, togetherwith a number of lay representatives elected at the Annual Parochial Church Meeting IAPCM}. Members of the congregation who are registered on the Electoral Roll are eligible to stand for election to the PCC. PCC members are charity trustees. The PCC must ensure cornpliance with charity law, church lecclesiasticall law and exercise prudence and a duty of care. The Trustees are provided with both written and verbal training at the beginning of theirterm of office in the roles, responsibilities and rights of PCC members. The PCC members who held Offi from I" January 2024 until 31st December 2024 were: Clergy: Churchwardens: Reverend Dave Cokayne Ben Perrin (resigned May 2024) Pamela Laycock-slack Richard Montgomery (from May 2024) Carole Pielichaty (resigned October 2024) Paul Tomson (resigned May 20241 Marion Easton (resigned May 2024) Michiko Gibbs Alison Oakley Rob Thorpe (resigned March 2024) Lucy Shimmens (resigned May 2024) Maddie Baker (resigned May 2024) Rebecca Hackworth Mark Hinton-stewart James Winter Tian Beukes {from May 2024) Jonathan Clegg {from May 2024) Elected members: The role of the PCC is to Co-operate with the Incumbent to ensure that the resources of All Souls are used to promote, in the parish, the whole mission of the Church-pastoral, evangelistic, social and ecumenical. PCC decisions are taken following open discussion and in the context of prayer. In planning its activities, the PCC have considered the Charity Commission's guidance on public benefit and, in particular, specific guidance on charities forthe advancement of religion.
The PCC is responsible for preparing the Trustees report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. The PCC met 6 times during the calendar year. The PCC is often chaired by the Vicar, although with effect from September 2024 and with the agreement of the PCC it was chaired by Richard Montgomery (Church warden and Vice-chair). The Vicar is appointed by the Bishop of Kensington in accordan with the practices and procedures of the Church of England. Standing Committee There has been no formal standing committee during 2024. Infornal, the vicar and churchwardens and treaSur have met when necessary. PCC Sub-committees and Teams There have been no formal sulTrcommittees in 2024 although a good number of relevant PCC members and other volunteers have helped when necessary The PCC does not directly employ any staff but does rely on the significant contributions of volunteers to carry out its work, for which it is extremely grateful. Church Membership The elertoral as at 31" Dec 2024 is in excess of 80 people, of whom the large majority live inside the parish. However the data for this (pre-covid, pre-interregnum, and pre Dave Cokayne's arrival) is not considered reliable and a new roll will be produced in 2025. Weekly attendance at Sunday church services in 2024 averdged approx. 39 adults and 20 children at the main worship gatherings. Responsibilities and Approval The PCC are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kin8dom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales require the trustees to prepare financial Statements for each year which give a true and fair view of the state of the affairs of the church and of the incoming resources and application of resources, of the church forthat period. In preparingthe financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Makejudgements and accounting estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are SLrfficient to show and explain the church's transactions and disclose with reasonable accuracy at any time the financial position of the church and that enable them to ensure that the financial statements comply w5th the Charities Act 2011, Church Accounting Regulations 2006 and Charities SORP {FR5102). They are also responsible for safeguarding the assets of the church and hence fortaking reasonable steps for the prevention and detection of fraud and other regularities. Risk Management The PCC has reviewed the major risks to which the church is exposed and has considered types of risk, potential impact. likelihood of occurrence and means of mitigating these risks. Exposure to risk is reviewed by the PCC on a regular basis. Reserves Policy It is PCC policy to maintain sufficient unStricted cash balances to meet near term expenditure, including any emergencies that may arise from time to time. In practice this means that we normally need to maintain a General Fund cash balance of at least six months essential expenditure. io
Financial Review 2024 Commentary on 2024 finances Overview The finances of All Saints are overseen bythe treasurer and a small Finance Team, who provide regular updates on the financial status to the PCC, allowing the Pccto make infomied decisions in the financial management of the Church. During 2024, a bookkeeper was employed to supportwith the record keeping and specific tasks such as Gift Aid claims. In 2024, thanks largely to some very generous one-off gffts (see below) our income exceeded our expenditure by £46,505. To finish a year in 'surplus' is something that should never be taken for granted, and is something for which we are extremely thankFul for- both to God and to the generous donors that made this possible. Income The total u nrestricted income in 2024 decreased by 8% to £169,14712023: £184,260), which was in part due to a large one-off gift received in 2023. The regular giving from our congregation provides the on%oing resources to drive forward the ministry of All Saints, and we are thankful for the faithful and sacrificial donations that many are able to provide. This giving remained stable across the year. We were extremely grateful for some significant one-off gifts during the year, totalling £43,460 (including a gift from St Stephen's church of £15k, on top of an even larger gtft in 20231. At the end of 2024, we also received income from the Diocese of £25k following the sale of Butterfield House. Expenditure Total expenditure for All Saints in 2024 decreased by 6% to £122,642 {2023: £131,355). Overall this reflects our continued efforts to manage expenditure carefvlly and deliver our activities in a financially sustainable way. We continued to invest heavily in the repairs to our buildings, including drainage work and repairs to the tower, although expenditu on the buildings reduced in 2024 to £32,72412023." £41,520) Mission and evangelism costs rose during the year. due to the start of new initiatives such as Refresh. Utilities bi115 redUd during 2024, butthis may have been due to the timing of some large bills at the end of 2023. li
As with 2023, to ensure a balanced budget for 2024, the All Saints, Common Fund pledge to the diocese was maintained at £48,000. which is approximately half of the standard amount asked of all parishes by the Diocese. For 2025, All Saints have pledged to increase their Common Fund contribution by IO% to £53,000. Balance Sheet At the year end, cash and bank balances totalled £126,050 {2023." £83,513). The majorty of this cash balan is held in an interest-bearing deposit account. The large debtors figure (£37,087) is comprised of historic Gift Aid claims dating back to 2021, which will be claimed early in 2025, along with some rent arrears forthe flat at Hepple Close. For the 2024 accounts, it was acknowledged by the PCC that the restricted Youth Fund and restricted Covid Grant Fund had both actually been spent on their intended purposes in previous years, and therefore these funds were closed and the balances transferred to the unrestricted General Fund. Next Year We are well aware that in orderto maintain a balanced financial position, we must look to encourage growth in the amount that we receive from regular donations, as well as making best use of our assets to further maximise our income. However, All Saints is currently in a relatrrfely healthy financial position, and we are excited forthe opportunities this provides us for 2025, with the potential to invest further to improve and use the church building and develop our rninistries within the parish. Jomes Winter, Treosurer- on behalf of the PCC This report was approved by the Trustees, on ioth April, 2025 and signed on their behalf by: D COkae Chair of Trustees 12
Independent Examiner's Report For the year ended 31 st December, 2024 Independent Examiner's Report to the trustees of the Parochial Church Council of the Ecclesiastical Parish of All Saints, Isleworth (the 'charty') I reportto the charity Trustees on my examination of the accounts of the charty forthe year ended 31 Dember 2024. This report is made solelyto the charty's Trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2(K)8. My work has been undertaken so that I might state to the charty's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent pem)itted by law, I do not accept or assume responsibility to anyone other than the charty and the charty's Trustees as a bodyi for my work or for this report. Responsibilities and basis of report As the Trustees of the charty you are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the 2011 Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)Ib} of the 2011 Act. Independent Examinerfs Statement Your attention is drawn to the fact that the charity has ppared the accounts in accordan wlth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in prefereno to the Accounting and Reporting by Charities: Statement of Recommended Prattice issued on l April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting practi effective for porting periods beginning on or after l January 2015. 13
I have completed my examination. I can confirm that no matters have come to rny attention in connection with the examination giving me cause to believe that in any material respect: accounting records We not kept in respect of the charity as required bysection 130 of the 2011 Act. or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 otherthan 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 toncerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Signed: Dated: 7" f¥pd 20 R Rhodes FCA FELTONS l The Green Richmond Surrey TW9 IPL 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTTCAL PARISH OF ALL SAINTS, ISLEWORTH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Restated Total funds 2023 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Note INCOME FROM: Donations and legacies Other trading activities.. Fundraising Investments 121.930 121,930 124,674 20,263 20,263 26.618 TOTAL INCOME 169 147 169 147 EXPENDITURE ON: Charitable activtties TOTAL EXPENDITURE 117 688 122 642 NET INCOME I (EXPENDITURE) BEFORE TRANSFERS Transfers beeen Funds NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES 51,459 (4,954 21219 46,505 52, 905 15 72,678 {26,173) 46,505 52, 905 NET MOVEMENT IN FUNDS 72,678 (26.173) 46,505 52,905 RECONCILIATION OF FUNDS: Total funds brought fOard 173 735 300 652 247 747 TOTAL FUNDS CARRIED FORWARD The notes on pages 17 to 29 fom part of these financial statements. 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 Restated 2023 Note FIXED ASSETS Tangible assets 188,243 193, 197 CURRENT ASSETS Debtors 37,087 34, 683 Cash at bank and in hand 126 050 163,137 118, 196 CREDITORS: amounts falling due within one year NET CURRENT ASSErs 158 914 113447 TOTAL ASSETS LESS CURRENT UABIUTIES 347.157 306,644 CREDITORS: amounts falling due after more than one year 13 NET ASSETS CHARITY FUNDS Restricted funds 15 147,562 173, 735 Unrestricted funds 15 199 595 126 917 TOTAL FUNDS The finCial statements were approved by the Trustees on10th April, 2025 and signed on their behalf, by.. D Cokayne The notes on pages 17 to 29 form part of these financial statements. 16
THE PAROCHIAL CHURCH COUNCIL OF TrIE ECCLESIASTICAL PARISH OF ALL SAINTS, ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared to gNe a Irue and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fairf view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawi). The financial statements have been prepared under the historical cost convention wtth items recognised at cost or transaction value unless othemse stated in the relevant notes to these accounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 ju 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. The Parochial Church Council of the Ecclesiastical Parish of All Saints, Isleworth constitutes a public benefrt entity as defjned by FRS 102. 1.2 GOING CONCERN The Trustees have identified no material uncertainties upon the entty's abilty to continue as a going concern. 1.3 INCOME All income is recognised once the charity has entilement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is tsken as the eariier of the date on which either. trie charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distributh'f will be made, or when a distribution is received from the estate. Receipt of a legacy. in whole or in part, is onEy considered probable when the amount can be measured reliably and the charity has b*n noltfied of the execLrto¢s intention to make a distribution. There legacies have been notified to the charity. or the charity is awa of the granting of probate, and the Criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed rf material. 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (continued) 1.4 EXPENDITURE Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each acttvity. Direct costs attn'butsble to a single actiwty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single aclivty are apportioned btheen those activities on a basis consistent wtih the use of resources. Central stsff costs are allocated on the basis of time spent, and dePCIatIOn charges allocated on the portion of the asset's use. Support costs are those costs incuffed direcuy in support of expenditure on the objects of the charity Govemance costs are those incurred in connection wrth administration of the charity and compliance with constitutional and statutory requirements. Charitable activities and Govemance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governan of the charity apportioned to charitable activities. 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES {¢ontinued) 1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION A review for impairment of a fixed asset is carried out if events or changes in circumstsnces indicate that the carying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the Gost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Long-term leasehold propety 2% Straiglrt line 1.6 INTEREST RECEIVABLE Interest on funds held on deposrt is included vthen receivable and the amount can be measured reliably by the charity.. this is nonnally upon notification of the interest paid or payable by the Bank. 1.7 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. PpaYrnents are valued at the amount prepaid net of any trade discounts due. 1.8 CASH AT BANK AND IN HAND Cash at bank and in hand includes cash arKI short tenn highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliabty. Liabilities are recognised at the amount that the charity anticipates it will pay lo settle the debt or the amount it has received as adVand payments for the goods or services it must provide. Provisions are measured at the best ests-mate of the amounts required to settle the obligation. IM)ere the effect of the tim8 value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tsx discount rate that reflects the risks spectfic to the liabilty. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with trje exception of bank loans which are subsequently measured at amortised cost using the effectNe interest method. 19
THE PAROCHEAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (continued) 1.11 FUND ACCOUNTING General fijnds are unrestricted funds vthich are available for use at the discretion of the Trustees in furtherance of the general objecb'ves of the charity and which have not been designated for other purposes. Restricted funds are fvnds which are to be used in accordance wtth specific restrictions imposed by donors or which have been raised by the charty for particular purposes. The costs of raising and administering such funds are charged against the specifiG fund. The aim and use of each restricted fund is set out in the notes to the financial statements. INCOME FROM DONATIONS AND LEGACIES Restated Total funds 2023 Unrestrfcted Restricted funds funds 2024 2024 Total funds 2024 Donations and legacies Grants 95,330 26,600 95,330 26,600 99, 789 24, 885 Total donations and legacies Total 2023 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FUNDRAISING INCOME Restated Total fvnds 2023 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Fundraising events Aftemoon teas Recttsls, concerts etc Pre-school rental Long room hire Garage hire Weddings Funerals Baptisms Insurance daims 996 115 996 115 6, 988 15,000 2,358 1,680 16.SOO 100 1,680 590 16,SOO 100 1,680 590 592 152 130 152 130 Total 2023 INVESTMENT INCOME Restated Total funds 2023 Unrestricted funds 2024 Restricted funds 2024 Totsl funds 2024 Investment income Interest income 17.400 9.554 17,400 9,554 15,950 17,018 Total 2023 DIRECT COSTS pcc Activities Total 2024 Total 2023 Mission and evangelism costs Total 2023 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS pcc Activities Total 2024 Total 2023 Water charges Insurance Light and heat London Diocesan Common fijnd Office costs Organist fees Cleaning costs Repairs and maintenance Clergy expenses Music expenses Propety costs Children and Youth expenses Communication and publicty Priest costs Mortgage interest costs Events costs Bank charges Depreciation 1.105 3.934 7.705 48,000 2,49S 7.092 2.141 32,724 480 958 2.194 580 1,656 1.105 3,934 7.705 48,000 2,495 7.092 2.141 32,724 480 958 2.194 580 1,656 2,921 3,482 11,249 48,030 3, 692 6,501 1,489 41,520 258 1,098 2,362 46 1, 643 69 3,729 151 4.954 59 3,729 151 4,954 177 4, 954 Total 2023 GOVERNANCE COSTS Restated Total funds 2023 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Accountancy 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Depreciation Other costs 2024 2024 Total 2024 Total 2023 Charitable activtties Expenditure on governance 4.954 116,320 1,368 121,274 1,368 130, 107 1,254 Total 2023 NET INCOMEI(EXPENDITURE) This is stated after charging: 2024 2023 Depreciation of tangible fixed assets.. - owned by the charity During the year, 1 Trustee (M Hinton-stewart) received remuneration of £7092 as Musical Director (2023- £NIL). During the year, no Trustees reiVed any benefits in kind {2023 - £NIL). During the year, 1 Trustee (D Cokayne) received reimbursement of expenses of £480 (2023 - £NILI. 10. TANGIBLE FIXED ASSETS Long-term leasehold property COST At 1 January 2024 and 31 December 2024 247 691 DEPRECIATION At 1 January 2024 Charge for the year 54,494 At 31 Dernber 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. DEBTORS 2024 2023 Other debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credtiors Included in creditors falllng due within one year is a balance of £2.772 which is secured on a propety owned by the Parochial Church Council 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other creditors 14. PRIOR YEAR ADJUSTMENT In the prior period a donation and interest received totalling £41,308 was double counted. A prior period adjustment has been made to re-stste the prior year accordingly. 24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAWSH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 December 2024 Balance at 1 January 2024 Restated Income Expenditure Transfers inlout UNRESTRICTED FUNDS Generdl Funds- all fijnds 126 917 169 147 117 688 RESTRICTED FUNDS Hepple Close Youth fund Vicars Board Joshua Chapel Soth Building Covid grant 144,296 103 500 s,000 2,720 21,116 (4,954) 139,342 (103) 500 5,000 2,720 (21,116) 173 735 The restricted funds remaining at the end of the year are as follows: Hepple Close - Comprises a grarrt provided to purchase a property to provide accommodation for church staff Youth fund - Creatéd following grants income receNed to specifically fvnd youth work in the Church Icars Board - a fund created to fund this work following a receipt of a donation for this purpose. Joshua Chapel - a fund created to fund this work following a receipt of a donation for this purpose. 50th Building - a fund created to fund church building work Covid grant - A fund created following receipt of a grant to assist Wtth the costs of the Coronavirus pandemic. Total of funds 25
THE pAROCHL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. STATEMENT OF FUNDS (continued) STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 December 2023 Balance at l January 2023 Restated Income Expenditure General Funds - all funds 69.058 225 567 q26401 RESTRICTED FUNDS Hepple Close Youth fund Vicars Board Joshua Chapel 50th Building Covid grant 149.250 103 (4,954) 144, 296 103 5,000 2, 720 21,116 5,000 2, 720 21,116 SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 December 2024 Balance at 1 January 2024 Restated Expenditur Income Transfers Inlout General funds Restricted funds 126,917 173.735 169,147 (117,688) 14,954) 21,219 (21.219) 199,595 147,562 SUMMARY OF FUNDS- PRIOR YEAR Restated Balance at 31 DeGenFber 2023 Balance al l January 2023 Restated Income Expenditure General funds Restricted funds 69,058 178,689 225, 567 {126,401) (4,954) 168,224 173, 735 22 26
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wthin one year 48,901 154,917 (4,223) 139,342 8.220 188,243 163,137 (4,2231 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Restated Unrestricted funds 2023 R8Stricted funds Restated Total funds 2023 2023 Tangible fixed assets Current assets Creditors due within one year Creditors due in more th8n one year 19,461 118, 196 (4, 749) (5,992) 173. 735 193,197 118,796 (4, 749) (5,992) 27
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Restated 2923 2024 Net income for the year (as per Statement of Financial Activities) 46,505 52, 905 Adjustment for: Depreciation charges (Increaselldecrease in debtors Decrease in creditors 4.954 (2,404) 4,954 Net cash provided by operating actlvltles 18. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand 124.821 Totsl 28
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. ISLEWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. CHARITY DETAILS The Parochial Church Council of the Ecclesiastical Parish of All Saints, Isleworth is a registered charity, charity number 1134944. The Charity operates from 63 Church Stet. Isleworth Middlesex TW7 6BE. The aclivttses of the Charity are to promote in the Ecdesiastical Parish the whole mission of the Church. 29