HOLY INNOCENTS KINGSBURY PARISH CHURCH Annual Report and Financial Statements for the year ended December 31, 2024 Registered Chartty No. 1135097
Holy Innocents,, Kingsbury Parlsh Church Annual Report and Financial statements For the year ended 31 December 2024 Parlsh Ref. 2108 CONTENTS Page 1.0 Annual report 2.0 statement of trustee's responsibilities for the accounts 10 Independent examiner's report 11 Statement of financial activities 12 Balance sheet 13 Notes on financial statements 14-20 Regislered Charity No. 1135097
Holy Innocents.. Kingsbury Parish Church Annual Report and Financlal statements For the year ended 31 December 2024 Parlsh Ref. 2108 INCUMBENT: The Revd Sophie Schuil-Brewer Kingsbury Vicarage 54 Roe Green, Kingsbury LONDON NW9 OPG BANKERS: HSBC Bank plc 31 Holborn Holborn Clrcus LONDON ECIN 2HR CCLA One Angel Lane London EC4R 3AB INDEPENDENT EXAMINER: Philip Cole FCA, Landmark Accountants Llmlted Leavesden Park 5 Hercules Way Watford Hertfordshlre WD25 7GS Registered Charity No. 1135097
Holy Innocents,, Kingsbury Parlsh Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 1.0 ANNUAL REPORT l. l Administration Information Holy Innocents, Klngsbury Parish Church 15 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, Kingsbury Road, London, NW9 OAY. Holy Innocents Is a registered charity, no 1135097. Parochlal Church Councll (PCC) members who served durlng 2024: Position Incumbent Name Sophie Schull-Brewer Chair Date From 2021 Wardens Chi Yeun Won Ell Chalmers From 2023 From 2023 Deaner nod Clive Brand From 2011 Elected Members Domino Cham Christo her Beels S Ivia J Kef alew Chioma Ndukwe Val Pinder Secreta John Patrick Dutson Angelyn Easton Macaulay Ndukwe Treasurer From 2014 From 2017 From 2021 From 2015 From 2017 From 2024 From 2024 Co-opted From 2016 Registered Charity No. 1135097
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 Structure, Governance and Management 1.2.1 The PCC Is a corporate body established 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 Representation 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 ellgible for re-election at the end of the 3 year term. The number of elected PCC places is 12. By the year end there were 5 vacant places on the PCC. 1.2.3 The PCC operates a number of commlttees and groups, which meet between full meetings of the PCC. The vicar is ex-officio member of all committees. Commlttee Fayre Descri tion Runs the May Market and the Chrlstmas Fayre. Money Is ralsed for the church and chosen charities annuall Manages the church and vicarage, its use and the fabric of the buildin Plans Junior church provlsion. Junior Church provision continues to be overseen b the minlstr team and unlor church leaders. Advises the PCC on its financial res onsibilities and stewardshi Mana es the hall its hirers and the fabrlc of the buildin Ex lorin and identif in funds raisin initiatives. This is the only commlttee requlred by law. It has the power to transact the business of the PCC between Its meetlngs, subject to dlrections iven b the Council. Church Management Junlor Church Flnance Hall Mana Fundraisin standing ement 1.2.4 The ministry team supports the Incumbent and the PCC In Its mlssion. Membership consists of authorlsed, Ilcensed or ordained ministers active in our parlsh. Registered Charily No. 1135097
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 1.3 Objectives and Activities 1.3.1 Holy Innocents, PCC works in cooperation with the vicar to promote the whole mission of the church. At an Away Day in October 2022 the PCC and Ministry team created our vision and mission action plan: Our Vision With God, we seek to come together to welcome, embrace and nurture in faith all our communlty. Our Mission Action Plan Increasing Our Vislbllity In The Community Physlcallyi Digitally And Through Active Service Inltlal Actions: Create and put up a poster In the church hall giving details of the church (location, website and services). Clear and cut down the church garden. Walk the parish boundary. Advertlse in the library and other local venues. Church open sign. Engaging the parents and chlldren as they leave Oliver Goldsmlth School. Leaflet for the parish explalning who we are and how we can support people (all faiths and none). Nurturlng The Faith Of Our Congregation By Developlng Dlsclpleshlp Initial Actions: Intercessory prayer group (already started). Bible study and home groups. Build ecumenical links. Teachlng communion. Sharing information about television programmes and resources In the Dlocese that help nurture our faith. "Film nlghts" showing filmsrnl shows wlth Christian theme. Growing Our Congregation Evangellslng Those Around Us Initlal Actlons: Create a children'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. Consider our worship including hymns/music and how this can encourage others. Introducing new hymns which we learn together. At an away day in July 2024 the PCC and Ministry Team looked again at this vision in the context of what it mlght mean to grow Holy Innocents. At this away day the PCC considered the question: do we want growth? Growing a church takes prayer, time, effort and commitment. The PCC agreed that growth was what we are meant to strive for as a Christian community just like the mustard seed we are meant to grow, to push up shoots and put forth branches. As a result of this the PCC and Ministry Team agreed that we engage with Leading Your Church into Growth as a resource to help Holy Innocents. Registered Charity No. 1135097
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 1.3.2 The PCC has maintenance responsibilities for the church buildingi church hall and their grounds. 1.4 Achievements and Performance 1.4.1 Church Attendance During 2024 the average Sunday attendance has been 47 adults (2023: 49) and 2 children (2023.3). The attendance during the week has risen slightly with an average of 11-12 people attending one or more mid-week service (2023: 9-10). 1.4.2 Occasional Offices There were no baptism services (2023: 3 children & one adult) and no confirmatlon service (2023: 4 adults). No weddings took place (2023: 0).Three funeral services and one memorial service took place In the church with the clergy leading one funeral service at crematoriums (2023: 2 & 0).Five burials of ashes took place during the year (2023.4). 1.4.3 Review of the year The Children's area, created In February 2023 In the slde aisle has remalned In place being a welcomlng space for younger children allowlng them and thelr carers to connect with services feellng Included. Although the average number of children attending is noted above as two, by the end of 2024 there were five chlldren (under five) attending regularly and making very good use of this space. II. The NHS Mental Health Unlt at Fairfield's House have continued to use the large vestry to host support groups for those who self- harm. Using the church property has allowed these groups to be held In a safe neutral space and the seven-week sessions have been repeated three times throughout 2024. The feedback has been very positive with those uslng the group greatly appreciating the calm and sanctuary of Holy Innocents. III. The organ received signlflcant work during the early part of the year wlth the bellows being replaced. A new architect was engaged to undertake the Quinquennial inspection during the summer of 2024. After a successful trial of a card machine during July and August Holy Innocents purchased a machlne to allow donations to be given by card to supplement cash, Parish Giving Scheme and Standing Order donations. Iv. Our Prayer Group which began in September 2022 continued throughout 2024 meeting once a month on the third Wednesday. The group meets to pray for the parish and world, welcoming requests from parishioners for prayer for anyone or anything. The prayer rack placed in the entrance to the church is well used and this is now a very well-established part of our church life. Volunteers from Holy Innocents have continued to support the Chinse Church In London in providing English classes to those who had arrived in the UK from Hong Kong. These continue to be a fabulous experience for all involved and have led to several new members joining the Holy Innocents community. Registered Charty No. 1135097
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 1.4.3 Review of the year (continued) VI. The Annual Parochial Church Meeting was held in May 2024 to review the year of 2023 with some new members joining the PCC. As noted above the PCC away day in July has started a journey for Holy Innocents of engaging with the resource Leading your Church into Growth. VII. Our regular services have been greatly supported by those on the various rotas including sides people, readers, crucifers and those leading intercessions. VIII. Throughout the year In person servlces at Ashton Lodge Care Home have been led by the Vlcar; these include prayer, bible readings and hymns as well as the distribution of communion in one kind (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, family members. Attendance has continued to be about 17-25 people. Ix. Assemblies were provided to Roe Green Infants for Easter, Harvest and Advent. During November we welcomed Year 2 puplls from Klngsbury Green Primary School and we welcomed Ollver Goldsmith back Into the church during December with thelr Year 2 pupils. both schools wanted to learn about the importance of the church in Christianity. 1.5 Risk Management A comprehenslve revlew of our church bullding and all church based actlvStles Is carrled out by the Parochial Church Council. They monltor these matters contlnuously and carry out the necessary risk assessments.The PCC have assessed these risks and are satisfied that systems are In place to mltlgate exposure. 1.6 Safeguarding The PCC has complied wlth the duty under sectlon 5 of the Safeguardlng and Clergy Dlsclpllne 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 A formal budget process was again followed during the year to assist with financlal planning. Full details of the accounts are provided in the independently examlned and signed-off Flnanclal Statements. The results for the year show a surplus on unrestricted funds of £10,068 (2023: £15,064). Voluntary income was £135,221 (2023: £110,135). The letting of Holy Innocents Church Hall at Bacon Lane, made a net contrlbution of £42,475 (2023: £46,431) to church funds. Registered Charity No. 1135097
Holy Innocents., Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 1.7 Financial Review (continued) The PCC has Incurred unrestricted expenditure of £125,153 (2023: £95,071) in supporting the objectives of the PCC. This has largely been spent on its contribution to the Diocesan Common Fund, to support the work of the mission of the church in the parish and in the Diocese. The Church's contribution to the Common Fund in year is £50,000 (2023: £48,000). The PCC has reviewed its contribution for 2024 in the light of financial performance and anticipated expenditures and has indicated to the Diocese that it will contribute £55,000 to 2025 Common Fund. The PCC has free reserves of £112,866 at 31st December 2024 (2023 £102,798) 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 £3,063 (2023 £2,830) which were for specific purposes. It Is the PCC'S policy to maintain reserves so that it is able to meet immediate expenditure and to pay for future major expenditure In order to maintain the church. We are very grateful to those who give to Holy Innocents, especially those who glve regularly through a stewardship commitment. Cash collectlons at servlces was maintained at about £92 per week. It has been possible to recover tax refunds totalling £8,240 (2023: £7,623) from Glft ASded giving and under the Gift Aid Small Donations Scheme. During year, the Holy Innocents launched a speclal appeal to raise funds for the restoratlon of the Church Organ. Many Parlshloners donated to the Organ appeal fund which raised £12,155 including grant received from the places of worship scheme. The Church Organ restoratlon work was completed in May 2024 at a cost of £10,260. As noted on note 6.9 page 20 to these flnancial statements, the surplus of £1,895 arising from the amount received from the Organ appeal fund over the amount spent is retained In the Organ deslgnated funds to be used for any future repairs to the Organ. Overall we report a net surplus for the year. Income has held up well, wlth well managed expenditure resulted in a surplus that will enable us once again to start 'saving' for essentlal building work ahead. Holy Innocents has a culture in which many of the activitles are conducted by volunteers. Without the efforts of so many people, the church would not be able to continue its work at the level from which all members and visltors benefit. The church thanks them for thelr exceptional generosity. 1.8 Reserves Policy Reserves are needed to bridge the gap between spendlng and receiving income to meet commltments. Total reserves at the year end is £578,249 compared to £567,948 last year. Reserves available to spend Is £115,929 (2023:£105,328) of which £3,063 (2023:£2,830) are restricted reserves. The charity continues to monitor this position. The trustees consider that the charity has an adequate level of reserves to continue as a going concern. The Parochial Church Council agreed that our CBF Building fund would be preserved where possible. Operating costs will be met from other resources and only as a last resort will funds be drawn down to meet the PCC financial obligations. Registered Charity No. 1135097
Holy Innocents,, Klngsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 2.0 STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE ACCOUNTS The trustees are responsible for preparing the Trustees, Report and the financial statements In accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year whlch give a true and fair view 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 financlal statements, the trustees are required to: (i) select suitable accounting policies and then apply them consistentlyi observe the methods and prlnclples in the applicable Charltles of SORP; make judgements and estimates that are reasonable and prudent; (iv) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained In the financial statements. and (v) prepare the financial statements on the ongoing concern basis unless It Is Inappropriate to assume that the Charity wlll continue in operatlon. The trustees are responsible for keeplng accounting records which dlsclose with reasonable accuracy at any tlme the flnancial positlon of the Charity, and to safeguard the assets of the charity and take reasonable steps for the preventlon of fraud and other Irreg ularitles. The trustees are responsible for the malntenance and Integrlty of the charlty and flnanclal Information included on the charity's website In accordance with leglslation in the United Klngdom governlng the preparatlon and dlssemlnation of flnanclal statements. These reports w reap oved by the Parochial Church Council on Signature: Date: L/¥/L Name: Sophie Schull-Brewer Chair Signature: Date: Church Warden EL/¥inJC QHhLMEQS Registered Charity No. 1135097 10
Holy Innocents,, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 3.0 INDEPENDENT EXAMINER'S REPORT TO THE PCC OF HOLY INNOCENTS I report on the flnanclal statements of the PCC of Holy Innocents Kingsbury Parish st Church for the year ended 31 December 2024, which are set out on pages 12 - 20, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and section 145 of the Charities Act 2011 ("the 2011 Act"). Respective responsibilities of PCC and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the General Directions glven by the Charlty Commissioner under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner s report My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also Includes conslderation of any unusual Stems or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provlde all the evidence that would be required in an audlt and, consequently no opinion is 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 connectlon with my examination, no matter has come to my attentlon: whlch glves me reasonable cause to believe that, In any material respect, the requirements: (a) to keep accounting records In accordance with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting records and 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) Philip Cole FCA, Landmark Accountants Llmited Leavesden Park, 5 Hercules Way Watford, Hertfordshire, WD25 7GS Date Regislered Charity No. 1135097 11
Holy Inno¢ents', Klngsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 4.0 STATEMENT OF FINANCIAL ACTIvrrIES (SOFA) for the year ended Dember31 2024 Unrestricted Funds Restrieted Funds Total 2024 Total 2023 Nole Income from: Donations and legacies Charitable activities Investments 6.2(a) 6.2(b) 63,106 71,285 830 63,106 71,472 1,003 40,755 68,944 594 187 173 Toliil iiieonie 135,221 360 135,581 110,293 Expenditure on: Raisiiig fiinds Cliai'itable activities Other costs Toliil ex enilitiire 6.3(a) 6.3(b) 21,582 80,596 22,975 125,153 21,582 80,723 22,975 125,280 16,279 73,533 5,544 127 127 NET MOVEMENT IN FUNDS FOR THE YEAR 10.068 233 ioJoi 14,937 TOTAL FUNDS BROUGHT FORWARD @ JANUARY 1, 2024 2023 nole 6. 9 565,118 2,830 567,948 553,011 TOTAL FUINDS CARRIED FORWARD @ DECEMBER 31, 2024 (2023) nole 6. 9 575,186 3,063 578,249 567,948 Registered Charity No. 1135097 12
Holy Innocents,, Kingsbury Parish chUh Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 5.0 Balance Sheet as at December 31, 2024 Nole 2024 2023 FIXED ASSETS Tangible fixed assets 465,915 468,803 CURRENT ASSETS Debtors 2,123 10.635 Cash at bank and in hand 116,569 93.028 TOTAL CURRENT ASSETS 118,692 103,663 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR NET CURRF.NT ASSETS (6,358) (4,518) 112 334 99,145 TOTAL NET ASSETS 578,249 567.948 FUNDS AND RESERVES Church hall valuation rescrve 462?20 462.320 Restricted Funds 3.063 2.830 Unrestricted Funds 112,866 102,798 TOTAL FufrfDS 578249 567,948 Approved by the Standing Committee of the Parochial Church Council on and signed on its behalf by: Rev Sophie Schuil-Brcwer (Chair) Macaulay Ndukwe FCCA Msc (Treasurer? Registered Charity No. 1135097 13
Holy Innocents,, Klngsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 6.1 ACCOUNTING POLICIES 6. 1.1 Accounting convention. The PCC is a public entity within the meaning of FRS102.The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting 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 financial statements have been prepared under the historical cost convention, as modlfled by the valuatiom of Church Hall. The financlal statements Include all transactions, assets and liabilities for which the PCC is responsible in law. They do not Include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. The trustees conslder that there are no material uncertaintles about the charlty's ablllty to continue as a going concern nor any significant areas of uncertainty 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 designated by the PCC. Designated funds,. Monies set aside by the Parochial Church Council out of unrestricted funds for speciflc future purposes or projects. These Include the Social, Organ and Church Building funds. Restricted funds.. Monles whlch have been donated to the Parochial Church Counc51 to spend on a specific area of expendlture. They Include donations or grants received for specific object or Invlted by the PCC for a specific object. The funds may only be expended on the specific object for whlch 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 sound system held in the CBF General Fund and a legacy held in the CBF bank accounts. 6.1.3 Income Planned givingi collections and donations are recognised when received. Tax refunds are recognlsed when the income to which they relate is receivable. Grants and legacies 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 giving, collections, legacies & donations, charities Gift aid tax refund. Charitable activities.. Christmas Fayre and May Market, Fees, parish magazine, hall lettings 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 2024 Parish Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS for ihe year ended Deceinber 31, 2024 6.1.4 Expenditure 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 received specifically for mission are dealt with as designated or restrlcted funds. All other expenditure Is generally recognlsed when It Is incurred and is accounted for gross. Raising funds .'Chrlstmas fayre and May Market and other events, Church hall letting costs,Traidcraft Purchases, promotions and domain name. Church activities.. Ministry costs, Church runnlng costs, Charities, Donations, professlonal fees and administration support. other .' Church refurblshment, printing and stationery and maintenance. 6.1.5 Fixed Assets Consecrated land and bulldlngs are not included in the accounts in accordance wlth slo (2) (a) of the Charitles Act 2011. The Church hall, whllst reglstered by the diocese at the land registryi is at the disposal of the PCC. The Parochlal Church Council has adopted a previous insurance rebuild value for the accounts. No revaluation or depreciation has been applied to the valuation. The current value is considered to be higher than the figure In the financial statement. Equlpment used wlthln the church premlses Is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are wrltten off when the asset is acqulred. Items over £1,000 may be written off or capitalised at the dlscretlon 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 expenses with the agreement of the PCC, 6. 1.7 Current Liabilities These are amounts owed to creditors by the PCC which fall due within a year. Unclaimed amounts may be carried forward from year to year, written back or held as designated reserves with the agreement of the PCC. Registered Charity No. 1135097 15
Holy Innocents, Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS for ihe year Énded Deceiiiber 31. 2024 6.2 Income Un- restricted Funds Restricted Funds Total 2024 Total 2023 a) Donations and legacies Planned giving Collections at all services Legacies and donations Gift aid tax recovered. Traidcraft sales 23,725 6,187 24,907 8,240 47 63,106 23,725 6,187 24,907 8,240 47 63,106 26,237 4,785 1,914 7,623 196 40,755 b) Charitable activities Christmas Fayre and May Market Other - including online promotions Easy fund raising and Just Giving Fees (marriage, wedding and other) Votive candles Flowers Hall Lettings 5,047 675 39 1,707 249 5,047 675 39 1,707 249 187 63,568 5,095 30 684 710 302 227 61,896 187 63,568 71,285 187 71,472 68,944 c) Investment income Interest receivable 830 830 173 173 1,003 594 594 Total 135,221 360 135.581 110,293 Registered Charity No. 1135097 16
Holy Innocents., Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 PaA7sh Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS foi. Ihe yeai. ended Deceiiibei. 31, 2024 6.3 Expenditure restricted General Funds Restricted Funds Total 2024 Total 2023 ) Ralslng funds utiiitle5 Cleanlng Malntenance Insurance Traldcraft 8,261 9,821 1.999 1,012 489 8,261 9,821 1,999 1,012 489 2,987 10,857 1,359 882 194 urchases b) Charltable actlvltles Mlnlstry costs - Clergy Mlnlstry costs - Common Fund 2,825 50,000 7,698 858 2,825 50,000 7,698 858 896 48,000 4,822 786 120 3,600 2,874 622 312 900 923 4,482 1,860 449 2,887 Telephone, Internet & IT expenses Junlor Church Insurance Fees (organist & olheil Altar Flowers Donatlons Hlre of Equlpment Admlnlstratlon Professlonal fees Mlscellaneous Depreclatlon 3,684 2,866 620 40 1,000 1,232 4,776 2,040 69 2,888 3,684 2,866 620 167 1,000 1,232 4,776 2,040 69 2,888 127 127 c) Other costs Printing & stationery Muslc, copyrlght and reproductlon Maintenance Mlscellaneous 2,300 293 20.186 196 2,300 293 20,186 196 689 721 3,947 187 Total 125 153 127 125 280 Professional fees include a provision of £1,800 (2023: £1,740) for the indepcndent cxaminer's fee. Registered Charity No. 1135097 17
Holy Innocents", Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS foi. Ihe year endedDeceniber 31, 2024 6.4 Fixed assets for use by PCC Fixtures, EEIIJ Church Hall Building fittings and equipment Total Cost At January 1, 2024 Additions Dis osals At December 31, 2024 De reciation At January 1, 2024 Charge for the year Dis osals At December 31, 2024 Net Book Value At December 31, 2024 At December 31, 2023 462,320 23,710 486,030 462,320 23,710 486,030 17,227 2,888 17,227 2,888 20,115 20,115 462,320 462,320 3,595 6,483 465,915 468,803 6.5 Debtors 2024 2023 Other debtors 2,123 10,635 Registered Charity No. 1135097 18
Holy Innocents", Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS for ihe year endedDeceiiibei' 31. 2024 6.6 Cash at Bank and In Hand Bank 2024 2023 Lovett & Flower accoiint General account Social account Lady Chapel account Building's account Current account CBF CBF CBF CBF CBF HSBC 3,063 11,514 129 274 4,570 97,019 116 569 2,830 10,934 122 261 4,340 74,541 93,028 Tolal 6.7 Liabilities - Amounts Falling Due Within One Year 2024 2023 Creditors Accruals 705 5,653 6,358 4,518 4,518 Total 6.8 Analysis of Net Assets by Funds Unrestricted Funds Restricted Funds Total Funds Fixed assets Dcbtors Cash at bank and in hand Liabilities 465,915 2,123 113,506 (6,358) 575,186 465,915 3,063 116,569 6,358 578,249 Total 3,063 Regislered Charity No. 1135097 19
Holy Innocents", Kingsbury Parish Church Annual Report and Financial statements For the year ended 31 December 2024 Parish Ref. 2108 NOTES TO THE FINANCIAL STATEMENTS fur ihe year éndedDeceiiiber 31. 2024 6.9 statement on Funds and Reserves Balance at 1 January 2024 Balance at 31 Dec. 2024 Incoming resources Outgoing resources Transfer Restricted Funds Lovett & Flower 2,830 360 127 3,063 Sub-total Unrestricted Funds Church fund 2,830 360 127 3,063 98,336 110,140 114,893 93,583 Sub-total 98,336 110,140 114,893 Designated Funds Social fund Organ fund Building fund 122 128 1.895 17,260 12,155 12,920 10,260 4,340 Sub-total Total unrestricted and desi nated funds Reserves Church hall valuation 4,462 25,081 10,260 19,283 102, 798 135,221 125,153 112,866 462,320 462,320 Total Funds and Reserves 567,948 135,581 125,280 578.249 Included In unrestrlcted funds of £575,186 (2023: £565,118) are the Church hall revaluation reserves of £462,320 (2023:£462,320). Designated funds at 31. December 2023 have been disclosed separately from other 5t unrestricted Church funds at l January 2024. 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 catering, flower, Sunday school, printlng and small repair expenses. At the year end, an accrual of £1,800 (2023: £1,711} was made as an honorarium to the treasurer for work on the annual report. the amounts are included In administration expenses in note 6.3(b). During the year, the Administrator was paid £2,976 (2023: £2,952) for services to Holy Innocents Kingsbury Parish Church. The Administrator is the spouse of a trustee. Registered Charity No. 1135097 20