HOLY INNOCENTS KINGSBURY PARISH CHURCH Annual Report and Financial Statements for the year ended December 31, 2023 Registered Chartty No. 1135097
Holy Innocents,, KlngsburyP8ri5h Church Annual Report and Finanelalstatements For the year end8d 31 Decembèr 2023 Parish R8f. 2108 CONTENTS Page 1.0 Annual report 2.0 Statement of trustee's responsibilities for the accounts io Independent examiner's report li statement of financial activities 12 Balance sheet 13 Notes on financial statements 14-20 Registered Charity No. 1135097
Holylnnoc8nts', lQngslJury Parl$h Church Annual Rèport and Financialstatements Forthe ye8rendÈd 31 Dècembgr 2023 Parlsh Rgf. 2108 INCUMBENT: The Revd Sophle Schull-Brewer Kingsbury Vicarage 54 Roe Green, Klngsbury LONDON NW9 OPG BANKERS: HSBC Bank plc 31 Holborn Holborn Circus LONDON ECIN 2HR The Central Board of Finance of the Church of England, Senator House 85 Queen Victorla Street LONDON EC4V 4ET INDEPENDENT EXAMINER: Phlllp Cole FCA, Landmark Accountants Limited Chartered Accountants Leavesden Park 5 Hercules Way Watford Hertfordshlre WD25 7GS Registeréd Charily No. 1135097
Holy Innoconls,, Kingsbury Parish Church Annual Reportand Financialstatements For tho year ended31 De¢ember2023 Parish Ref. 2108 1.0 ANNUAL REPORT I.IAdmlnistration Information Holy Innocents, Kingsbury Parish Church Is situated on Kingsbury Road, London, NW9 OAY. It is part of the Diocese of London within the Church of England. The correspondence address is Holy Innocents Church, Klngsbury Road, London, NW9 OAY, Holy Innocents is a registered charityi no 1135097. Parochial Church Council (PCC) members who served during 2023: Position Incumbent Name Sophie Schull-Brewer Chair Date From 2021 Wardens Chi Yeun Won Ell Chalmers From 2023 From 2023 Deaner Clive Brand From 2011 Elected Members Domino Cham Christo her Beels S Iviaj Ke alew Chioma Ndukwe Val Pinder Secretar From 2014 From 2017 From 2021 From 2015 From 2017 Co-opted Macaulay Ndukwe Treasurer From 2016 Registered Charity No. 1135097
Holylnnoc8nts', Klngsbury Parlsh Church Annual Reportand Fin8ncial statement For the y8ar ended 31 Decémb6r2023 Parish Rof. 2108 structure, Governance and Management 1.2.1 The PCC Ss a corporate body establlshed by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The method and appointment of PCC members is set out In the Church Representatlon Rules, Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. 1.2.2 Elected PCC members serve 3 year terms and are eligible for re-election at the end of the 3 year term. The number of elected pcc places was 9. By the year end there were 4 vacant places on the PCC, 1.2.3 The PCC operates a number of committee5 and groups, which meet between full meetings of the PCC. The vicar Is ex-officio member of all commlttees. Commlttee Fayre Descri tion Runs the May Market and the Christmas Fayre. Money is ralsed for the church and chosen charitles annuall Manages the church and vicarage, its use and the fabrlc of the buildln Plans lunior church provision. Junior Church provlsion contlnues to be overseen b tho ministr team and unior church leaders. Advise5 the PCC on its flnancial res onsibilities and stowardshi Mana es the hall its hirers and the fabric of the bulldln Ex 1orln and identif Ing. funds ralsln initiatives. This 15 the only committee required by law. It has the power to transact the buslne5s of the PCC between its meetings, subject to directions iven b the Councll. Church Management lunlor Church Finance Hall Mana Fundraisin Standing emenl 1.2.4 The ministry team supports the incumbent and the PCC in its misslon. Membershlp consists of authorised, licensed or ordained ministers active in our parish, Registered Charity No. 1135097
Holy Innocents,, Kingsbury Parish Church Annual Reportand Financlalstatements For the year end8d 31 December 2023 Parish Ref. 2108 1.3 Objectives and Activities 1.3.1 Holy Innocents, PCC works In cooperatlon with the vlcar to promote the whole mlsslon of the church. At an Away Day in Ortober 2022 the PCC and Mlnlstry team created our vision and mission action plan. Our Vision With God, we seek to come together to welcome, embrace and nurture in falth all our communlty. Our Mission Action Plan Increasing Our Visiblllty In The Community Physicallyi Digitally And Through Active Service Inltial Actions: Create and put up a poster in the church hall giving detalls of the church (location, webslte and services). Clear and cut down the church garden. Walk the parish boundary. Advertise in the Ilbrary and other local venues. Church open sign, Engaging the parent5 and children as they leave Ollver Goldsmith School. Leaflet for the parish explalnlng who we are and how we can support people (all faiths and none). Nurturing The Faith Of Our Congregation By Developing Discipleship Initial Actlons: Intercessory prayer group (already started). Bible study and home groups. Build ecumenical links. Teaching communion. Sharlng information about television programmes and resources in the Dlocose that help nurture our falth. 'Fllm nights" showlng films/TV shows with Christlan theme. GrowKng Our Congregation Evangelising Those Around Us Initlal Actlons: Create a chlldren's corner. Back to Church Sunday. Consider how we can improve our welcome of newcomers and the accessibility of Services for those new to church. Conslder our worship including hymns/music and how this can encourage others. Introducing new hymns which we learn together 1.3.2 The PCC has malntenance responsibilitles for the church building, church hall and their grounds. Registered Charty No. 1135097
Holy Innocents,, KingsburyParlsh Church AnnuAI Roportand Financial statements For the year ondod 31 Decemb8r2023 Parish Ref. 2108 1.4 Achievements and Performance 1.4.1 Church Attendance During 2023 the average Sunday attendance has been 49 adults (2022.. 46) and 3 children (2022..5). The attendance during the week has remained the same with an average of 9-10 people attending one or more mld-week servlce {2022: 9-10}. 1.4.2 Occasional Offlces There were 3 baptism servlces during which 3 children and l adult were baptised (2022.2 chlldren and nil adults) and I confirmatlon service during which 4 adults confirmed (2022..8 children and 2 adults). No weddings took place {2022: 0). Two funeral services took place in the church with the clergy leading no funeral services at crematoriums (2021.2 & 3). Four burials of ashes took place In June, July, October and December (2022.'2). 1.4.3 Review of the year We began the year remembering Holy Innocents on I" January 2023 with a Eucharist Service followed by lunch. Our regular lunches on the first Sunday of the month continued throughout 2023 and we shared lunch in the Church for Harvest in October. In February we created a Children's Area in the s1de aisle. We were able to use our coloured mat and purchase cushions and a book rack to hold children's bibles and prayer books. Several people kindly donated toys to create a frlendly and welcoming space for younger chlldren allowlng them and thelr carers to connect with services feeling included. The beginning of the year saw us start using the church building more wldely. The NHS Mental Health Unit at Fairfield's House began to use the large vestry to host support group5 for those who self- harm. Using the church property has allowed these groups to be held in a safe r)eutral space and the seven-week sessions have been repeated three times throughout 2023. During Lent we joined the London Bishops, sessions on prayer online as well as in person. These Lent groups provlded us an opportunity to learn and experience dlfferent ways of praying. Our Prayer Group which began in September 2022 continued throughout 2023 meeting once a month on the th1rd Wednesday, The group meets to pray for the parlsh and world, welcoming requests from parishioners for prayer for anyone or anything. In the second half of 2023 a prayer rack was placed In the entrance to the church so people could hang up prayer requests. In March 2023 volunteers from Holy Innocents supported the Chlnese Church In London In providlng English classes to those who had recently arrived in the UK from Hong KorEg. These were a good experience for all involved. The Annual Parochial Church Meetlng was held in May 2023 to review the year of 2022. Our regular services have been greatly supported by those on the various rotas including sides people, readers, cruclfers and those leading intercesslons. These groups of people have been increased with new people joining each of the rotas, Registeied Charity No. 1135097
Holylnnocents,, IUngsburyParlsh Church Annual Report and Flnancial Stst8ents For the year ertded 31 December 2023 1.4.3 Review of the year (continued) Parish Rel. 2108 Throughout the year In person services at Ashton Lodge Care Home have been led by the Vicar, these include prayer, blble readings and hymns as well as ihe distrlbution of communion In one klnd (bread) to the residents. These services take place once or twice a month and are very much appreciated by the staff, residents and sometimes the residents, famlly mem bers. Attendance is usually 17-25 people. Assemblies were provided to Roe Green Infants for Lent, Easter, Harvest and Advent. Durlng October we welcomed Year 2 pupils from Kingsbury Green Prlmary School to the church to glven them a chance to learn about the building and lesus. We welcomed Oliver Goldsmlth back into the church during Advent with the Year 2 pupils visiting to learn a bout the church and the nativity stc)ry. In November we welcomed again the Bishop of Wlllesden, The Rt Revd Lusa Nsenga Ngoy for our confirmatlon service which was a joyful occasion with four adult candldates. 1.5 Risk Management A cornprehensive review of our church building and all church based activities is carried out by the Parochial Church Council. They monitor the matters contlnLFously and carry out the necessary risk assessments.The PCC have assessed these risks and are satlsfied that system5 are In place to mitlgate exposure. 1.6 Safeguarding The PCC has complied wlth the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops, guidance on safeguarding children and vulnerable adults. There were no safeguardlng issues ralsed during the year. 1.7 Financial Review During the year, Holy Innocents Kingsbury Parlsh Church reglstered an account with The Parish Givlng Scheme (PGS). The PGS 15 supported by the Diocese of London. The PGS glves donors the option of donat'ing to the church through the PSG account. Current dorEors will be offered the cholce of making thelr donations through the PSG or continuing to donate as they are currently doing directly to the church bank account. The church adrnlnistrators would like to Inform all donors that it is entirely up to current and future donors whichever rnethod they would Ilke to use to donate to Holy Innocents. The PGS will bring choice and flexibllity in the method of giving to Holy Innocents Kingsbury parish church. The results for the year show a surplus on ursrestrlcled funds of £15,064 (2022,. £4,997>. Voluntary income was £110,135 (2022: £112,716). The letting of Holy Innot5 Church Hall at Bacon Lane, made a net contribution of £46,431 (2022.. £43,020) to church funds. Reglstered Charity No. 1135097
Holy Innoc•nts', Kingsbury Parish Church Annual Réport and Flnancial staten7enfs For the year ended 31 December2023 1.7 Financial Review (continued) Parish Ref. 2108 The PCC ha5 Incurred unrestricted expendlture of £95,071(2022: £107,515) In supporting the objectlves of the PCC. This has largely been spent on Its contribution to the Diocesan Common Fund, to support the work of the mlssion of the church in the parish and In the Diocese. The Church's contributlon to the Common Fund In year is £48,000 (2022: £48,000), The PCC has reviewed Its contribution for 2023 In the light of financial performance and anticipated expenditures and has indicated to the Dlocese that It will contrlbute £50,000 to 2024 Common Fund. The PCC has free reserves of £102,798 at 31sl December 2023 {2022 £87,734) which are held on HSBC UK Current account and on deposit in the CBF Church of England Deposit Fund, and Invested in the CBF Church of England Investment Fund. There are also reserves of £2,830 (2022 £2,957) which were for specific purposes. It is the PCC'S pollcy to maintaln reserves so that it is able to meet immediate expenditure and to pay for future major expenditu In order to malntain the church. We are very grateful to those who give to Holy Innocents, especlally those who give regularly through a stewardship commitment. The number of our regular givers increased from 56 to 60 overall, planned givlng income for Ihe year increased from £22,416 to £26,237, Cash collections at services have increased to about £92 per week. It has been possible to recover tax refunds totalling £7,623 (2022:£6,386) from Glft Aided glving and under the Gift Aid Small Donations Scheme. Holy Innocents has a culture in which many of the activltles are conducted by volunteers. Without the efforts of so many people, the church would not be able to continue its work at the Sevel from whlch all members and visitors benefit, The church thanks them for their exceptional generosity. 1.8 Reserves Policy Reserves are needed to brldge the gap between spending and receiving income to meet commltments. Total reserves at the year end is £567,948 compared to £553,011 last year, Reserves avallable to spend is £105,328 (2022-£90,691) of which £2,830 {2022..£2,957) are restricted reserves. The charlty continues to monitor this posltlon. The trustees consider that the charlty has an adequate level of reserves to continue as a going concern. The Parochial Church Councll agreed that our CBF Building fund would be preserved where possible, Operating costs will be rrket from other resource5 and only a5 a last resort wlll funds be drawn down to meet the PCC flnancial obllgations, Reglstered Charlly No. 1135097
Holy Innocents,, Kingsbury Parlsh Church Annual Report and Financial slatements For the year ended 31 Decèmber 2023 Parish Raf. 2108 STATEMENT ACCOUNTS OF TRUSTEES, RESPONSIBILITIES FOR THE The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wlth applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Practice). The law applicable to charltles in England and Wales requlres the trustees to prepare flnanclal Statements for each financial year which give a true and falr vlew of the state of the affairs of the Charity and the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the trustees are requlred to: select sultable accour)ting pollcles and then apply them consistentlyi observe the methods and principles in the appllcable Charities of SORP. make Judgements and estlmates that are reasonable and prudent,. (iv) state whether applicable accountlng standards have been followed, subject to any materlal departures disclosed and explained in the flnancial statements,. and (v) prepare the financial statements on the ongolng concern basis unles5 it Is InBppropriate to assume that the Charity will continue In operation. The trustees are responslble for keeplng accounting records which dlsclose with reasonable accurary at any tlme the financial positlon of the Charity, and to safeguard the assets of the charity and take reasonable step5 for the prevention of fraud and other irregularities. The trustees are responsible for the maintenance and Integrity of the charity and financial information Included on the charlty's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. These reports w proved by the Parochial Church Council on Signature.. Date: Name: Sophie Schull-Brewer Chair Sig nature.. Date.. Church Warden HI romÉ1 6JdNLf Reglstered Charity No. 1135097 10
Holy Innocents., Kingshury Parlsh Church Anrtual Report and Financffalstatements Forthe year ended 31 December2023 Parish Ref. 2106 3.0 INDEPENDENT EXAMINER'S REPORT TO THE PCC OF HOLY INNOCENTS I report on the financlal statements of the PCC of Holy Innocents Kingsbury Parish Church for the year ended 31 December 2023, which are set OLJt on pages 12 - 20, is In respect of an examination carried out in accordance wlth the Church Accounting Regulations 2006 ("the Regulations") and section 145 of the Charlties Act 2011 ("the 2011 Act"). Respective responsibilities of pcc and examiner The charlty's trustees are responsible for the preparatlon of the accounts. The charity's trustees conslder that an audit Is not required for this year under section 144(2) of the Charities Act 2011 and that an independent exa mination is needed. It is my respon51blllty to.. examine the accounts under section 145 of the 2011 Act,. to follow the procedures laid down In the General Directions given by the Charity Commissioner under section 145(5}(b) of the 2011 Act; and to state whether particular matters have come to my attentlon. Basis of indeperpdent examiner s report My examination was carried out in accordance with the General Dlrectlons glven by the Charity Cotnmlssioner. An examinatlon includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records, It also includes conslderatlon of any unusual items or dlsclosures in the accounts, and the seeking of explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and, consequently no opinion 15 given as to whether the accounts present a 'true and falr vlew, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examinatlon, no matter has come to my attentlon.. which gives me reasonable cause to believe that, In any material respect, the reqLJirements'. (a) to keep accounting records in accordance wSth section 130 of the 2011 Act; and to prepare accounts whlch accord with the accounting records arEd to comply with the accounting requirements of the 2011 Act have not been met,. or to which, in my opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be reached. (b) Phlllp Cole FCA, Landmark Accountants Limited Chartered Accountants Leavesden Park, 5 Hercules Way Watford, Hertfordshlre, WD25 7GS Date Registered Charity No. 1135097
Holy Innocents,. KingsburyP8rffsh Church Annual Report 8rJd Financial stateMts For the yearended 31 Decèn7ber 2023 Parlsh Ref. 2108 4.0 STATEMENT OF FINANCIAL ACTIVITIES (SOFA) for the year ended December 31, 2023 UnTestrleted Fund$ Restricted Fund5 Total 2023 TotAI 2022 Nole Income from: Doiiations and legacies Charitable activities Investinents &2(ll) 2(b) 40,755 68,821 559 40,755 68,944 594 42,080 70,395 241 123 35 Totiil iiiLoHte 110,135 158 110293 112.716 ExpendituiT oll: Raising fuiids Chul'itable activities Other costs Tolal e - endiliire 6.3(fi) 6.3(b) 16,279 73,248 5,544 95,071 16279 73,533 21,464 75,241 11,123 107 828 285 285 95,356 NET MOVEMENT IN FtTr4DS FOII THE YEAR 15,064 {127) 14,937 4,888 TOTAL FUTr4DS BROUGHT FORWARD @ JANUARY 1, 2023 2022 note 6.9 $50,054 2,957 553,011 548,123 TOTAL FUNDS CARIUED FORWARD @ DFCEMBER 31, 2023 (2022) ole 6.9 565,118 2,830 567,948 553,011 Registered Charily No. 1135097 12
Holy Innocents,, Kingsbury Parish Church Annual Roport and FirRaffRclal statements For the ye&rend8d 31 D8c8mber 2023 Parish Ref. 2108 5.0 Balance Sheet as at December 31, 2023 ]Vole 2023 2022 FIXED ASSETS Taiigible fixed Sets 468,803 468,853 CURRENT ASSETS Debtoi's 10,635 3.933 Cash at bank and in hand 93,028 85,480 TOTAL CURRENT ASSETS 103,663 89,413 LIABILITIES: AMOUNTS FALLING Dufi. WJTItIN ONE yfi AR NET CURREf4T ASSEI'S (4,518) (5,255) 99,145 84,158 TOTAL NET ASSETS 567,948 553,011 FUNDS Af4D RESEHVES Church hall valuation i'eseive 462,320 462.320 R¢stricted Fuiids 2,830 2.957 Unr¢stricted Funds 102,798 87.734 TOTAL FURYDS 567,948 553,011 Approvcd by the Standing Committee of the Parochial Church Council on and signed on ils behalf by.. Rev Sophie Sohuil-Brewer (Chaii.) Maeaiilay Ndukw¢ FCCA MSC (Treasurer Registered Charlty No. 1135097 13
Holy Innocents,, King5buryParish Church Arrnual Report and Financial statements For the yèar ended 31 December 2023 Parish Rel. 2108 6.1 ACCOUNTING POLICIES 6.1.1 Accounting convention. The PCC Is a public entity wlthin the meaning of FRS102.The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accountlng Regulations 2006 governing the individual accounts of PCC together with FRS 102 (2016} as the applicable standard and the 2016 version of the standards of statement of Recommended Practice, Accounting and Reporting by Charities {SORP (FRS 102)). The flnancial statements have been prepared under the historical cost convention, as modlfied by the valuatlom of Church Hall. The financial statements Include all tran5actlons, assets and liabilities for whlch the PCC Is responslble in law. They do not include the accounts of church groups that owe their main affillatlon to another body, nor those that are informal gatherings of church members. The trustees consider that there are no material uncertainties a bout the charlty's ability to continue as a going concern nor any significant areas of UnrtaintY that affect the carrying value of assets held by the PCC. 6.1.2 Funds accounting Funds held by the PCC are., Unrestricted funds.. These are general funds for use by the PCC for ordinary purposes. Holy Innocents has two such funds; Church and Fayre. Some of this unrestricted money has been deslgnated by the PCC. Designated funds.. Monles set aside by the Parochial Church Council out of unrestricted funds for specific future purposes or projects. These include the Soclal, Organ and Church Building funds. Restricted funds., Monie5 whlch have been donated to the Parochlal Church Council to spend on a specific area of expenditure. They include donations or grants received for a specific object or invited by the PCC for a speclfic object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. These are the Lovett & Flower Fund, a donation for the SOLbnd system held In the CBF General Fund and a legacy held in the CBF bank accounts. 6.1.3 Xncome Planned glving, collections and donatlons are recognised when received. Tax refunds are recognised when the income to whlch they relate Is receivable. Grants and legacie5 are accounted for when the PCC Is legally entitled to the amounts due, All other income Is recognised when it is receivable. All income is accounted for gross. Donations and legacies.. planned givlngi collections, legacles & donations, charitles Gift aid tax refund. Charitable activities.. Christmas Fayre and May Market, Fee51 parlsh magazine, hall letting5 Investment .' Interest In all areas as accrued. Registered Charity No. 1135097 14
Holy Innocents., Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2023 Parish Réf. 2108 NOTES TO TIIE FITrIANCIAL STATEMCI NTS foi. Ihe year ÉndedDecep17ber 3]. 2023 6.1.4 Expendlture Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan common fund is accounted for when due. Amounts recelved specifically for misslon are dealt with as designated or restricted funds. All other expendlture is generally recognised when it 15 incurred and is accounted for gross. Raising funds ,'Christmas fayre and May Market and other events, Church hall letting costs,Traidcraft Purchases, promotions and domain name. Church activitie5.' Mlnistry costs, Church running costs, Charities, Donations1 professional fees and admlnistration supporl, other .' Church refurbishment, prlntlng and stationery and maintenance. 6.1.5 Fixed Assets Consecrated land and bulldlngs are not included In the accounts in accordance with slo (2) (a) of the Charities Act 2011. The Church hall, whilst registered by the diocese at the land reglstryi Is at the disposal of the PCC, The Parochial Church Council has adopted a previous insurance rebuild value for the accounts. No revaluation or depreclatlon has been applied to the valuatlon. The current value is considered Lo be higher than the figure in the flnanclal statement. Equlpment used wlthin the church premises is depreclated on a straight-line basls over four years. Indivldual items of equipment with a purchase price of £1,000 or less are wrStten off when the asset Is acqulred. Items over £1,000 may be written off or capitalised at the discretlon of the PCC. 6.1.6 Current Assets Current Assets represent all realisable assets including amounts due to the PCC from debtors which can realistically be recovered, Unrecoverable debts may be written off as expense5 Wlth the agreement of the PCC. 6.1.7 Current Liabilitles These are amounts owed to creditors by the PCC which fall due within a year, Unclalmed amounts may be carried forward from year to year, wrltten back or held as designated reserves with the agreement of the PCC. Registered Charity No, 1135097 15
Holy Innocents,, Kingsbury Parlsh Church Annual Report and Financial statements For the year ended 31 December 2023 Parlsh Ref. 2108 NOTES TO THE IPINANCIAL STATEMENTS for the year endedDeceinbei' 31, 2023 6.2 Income restricled Funds Restricted Funds Total 2023 Total 2022 al Donations and legacies Planned giving Collections at all services Legacies and donalions Gift aid tax recovered. Traidcraft sales 26,237 4,785 1,914 7,623 196 40.755 26,237 4.785 1,914 7,623 196 40,755 22,416 4,668 8,056 6,386 554 42,080 b) Charitable activities Christmas Fayre and May Market Olher- including online promotions Easy fund raising and Just Giving Fees (marriage, wedding and other} Votive candles Flowers Hall Lettings 5,095 5,095 30 684 710 302 227 61,896 5,342 213 475 669 267 200 63.229 684 710 302 104 61,896 123 68,821 123 68.944 70,395 ) Investment income Interest receivable 559 559 35 594 594 241 241 Total 110,135 158 110,293 112,716 Registered Charity No. 1135097 16
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2023 Parish Ref. 2108 NOTEI S TO THE FINANCIAL sfATKMENTS for théyeay eKdedDeceiiiber 31, 2023 6.3 Expenditure restricted GeDeral Funds Restrieted Funds Total 2023 Total 2022 a) Ralslng funds Christmas Fayre and May Market 472 8,249 10,083 2,987 10,857 1.359 882 194 2,987 10,857 1,359 882 194 Cleanlng Malntenance Insuran Traidcraft 640 783 urchases bl Charltable acuvltles Mlnlstry cost5 - Clergy Mlnlstry costs Common Fund 896 48,000 4,822 786 120 3,600 2.874 622 27 900 896 48,000 4,822 786 120 3,600 2,874 622 312 900 1,065 48,0(K) 7,433 B52 307 3,485 2,480 365 436 817 662 Telephone, internet & IT expenses Jnior Church Insurance Fees lorgan18t & olh8rl Altar Flowers Donat(ons Upkeep of church ServIS Hire of Equipment Admilllstratlon ProfessloTral f&s Miscellanetsus reclatlon 285 923 4,482 1,860 449 923 4,482 1.860 449 4,677 2,205 279 285 c) Other costs Prlntlng & StaOnerY Muslc, copyright and reproductlon Malntenance MlscellaFieou5 689 721 3,947 187 689 721 3,947 187 484 694 9,607 338 Total 285 107 828 Professional fees iii¢lude a provision of £1,740 (2022: £1,620) for tli¢ And¢peThdent examinci s fee. Registered Charity No. 1135097 17
Holy Innocents,, Kingsbury Parlsh Church Annual Report and Financial statements For the year ended 31 December 2023 Parlsh R8f. 2108 NOTES TO THE FINANCIAL STATEIVIEWTS foi. the year endedDeeeiiiber 31. 2023 6.4 Fixed assets for use by PCC Fixtures, fittings and equipment Church Hall Building Total Cost At January 1, 2023 Additions Dis osals At December 31, 2023 De reciation At January 1, 2023 Charge for the year Dis osals At December 31, 2023 Net Book Value At December 31, 2023 At December 31, 2022 462,320 20,873 2,837 483,193 2,837 462,320 23,710 486,030 14,340 2,887 14,340 2,887 17,227 17,227 462,320 462,320 6,483 6,533 468,803 468,853 6.5 Debtors 2023 2022 Othei. debtors 10,63. 3,933 RegÉstered Chaiity No. 1135097 18
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2023 Parlsh Rèf. 2108 NOTES TO THE FINANCIAL STATEMENTS for ihÉ ended Decenlbei 31. 2023 6.6 Cash at Bank and In Hand Bank 2023 2022 Lovett & Flow¢i' a¢eount GeTheral accouiit Social account Lady Chapel account Building's account Curi'ent account CBF CBF CBF CBF CBF EISBC 2,830 10,934 122 261 4,340 74,541 93,028 2,957 10,594 119 253 4.205 67,352 85,480 Total 6.7 Liabilities - Amounts Falling Due Within One Year 2023 2022 Creditoi A¥¢ruds 1,417 3,838 5,255 4,518 4,518 Total 6.8 Analysis of Net Assets by Funds Unrestricted Funds Restricted Funds Total Funds Fixed ass¢ts Debtors Cash at bank and in h8nd Liabilities 468.803 10,635 90,198 4,518 565 118 468.803 10,635 93,028 4,518) 567,948 2.830 Total 2,830 Regislered Charity No. 1135097 19
Holy Innocents, Klngsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2023 Parish Ref. 2108 NOTES TO THE FINAfqcIAL STATELIqENTS for theyear endedDeeeinber 31. 2023 6.9 statement on Funds and Reserves Balance Balance at 31 Dec. 2023 1 January 2023 Incomlng resources Outgoing resources Transfer Restricted Funds Lovett & Flower 2,957 158 285 2,830 Sub-total Unrestricted Funds Church fund 2,957 158 285 87,615 110,132 95.071 102,678 Sub-total 110,132 95,071 102,676 Designated Funds Social 119 122 Sub-total Total unrestricted and desi nated funds ReseeS Church hall valuation 119 122 87,734 110.135 95,071 102,798 462,320 462,320 Total Funds and Reserves 553,011 q10,293 95,356 567,948 Included In unrestricted funds of £565, 118 (2022,. £550,054) are the Church hall revaluation reserves of £462,320 (2022..£462,320). 6.10 Transactions with members of the PCC and connected persons Small amounts were paid out to PCC members and volunteers In respect of reimbursement of cateringi flower, Sunday school, printlng and small repalr expenses. At the year end, an accrual of £1,711 {2022'. £1,620) was made as an honorarium to the treasurer for work on the annual reporL' the amounts are Included in administratlon expenses in note 6.3(b). During the year, the Admlnlstrator was pald £2,952 for servlces to Holy Innocents Kingsbury Parish Church. The Adminislrator Is the spouse of a Church warden and a trustee. Reglstered Charity No. 1135097 20