ECCLESIASTICAL PARISH OF ST MARY BROOKFIELD
FINANCIAL STATEMENTS
OF
THE PAROCHIAL CHURCH COUNCIL REGISTERED CHARITY NO. 1136821
FOR THE YEAR ENDED 31 DECEMBER 2024
Incumbent: Fr Damien Mason The Vicarage 85, Dartmouth Park Road London NW5 1SL
Bank: HSBC PLC 31 Holborn Circus London EC1N 2HR
Independent Examiner: Heather Cheesman FCA Chichester Accounting Ltd
ANNUAL REPORT
Administrative Information
St Mary Brookfield is part of the Diocese of London. The correspondence address is The Vicarage, 85 Dartmouth Park Road, London NW5 1SL. The Parochial Church Council (PCC) is a registered charity (no 1136821).
PCC members who have served from 1st January 2024 until the end of 2024 are:
Incumbent:
Fr Damien Mason (Chair)
Wardens:
Ian MacGregor Noel Casey
Representatives on the Deanery Synod: Oliver Butt (PCC Secretary) Nicola Pittam (Treasurer)
Elected Members:
Nicholas Bethune (Vice Chair) Peter Dann Charlotte Humble (from 3[rd] March 2024) William Johnson Lydia Kember Tom Moore (from 3[rd] March 2024) Marie Papworth
Structure, governance and management
Members of the PCC are either ex officio by virtue of being Churchwardens, or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
The PCC operates through the Standing Committee, a committee required by law. The Standing Committee has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.
The full PCC met 8 times during the year. We continue to be a body that is involved in the governance of the church with responsibilities shared out amongst members. The PCC support the vicar in his work and ministry and have an important role in ensuring we represent our congregation.
Aim and Purposes
The Parochial Church Council (PCC) of the Parish of St Mary Brookfield, has the responsibility of cooperating with the incumbent, Fr Damien Mason, in promoting the Christian faith and the whole ministry of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church, and the Church Hall at York Rise.
Objectives and activities
The PCC is committed to enabling as many
people as possible to worship at St Mary’s and to become part of our community. Our services put faith into practice through word and sacrament.
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. Our vision is:
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to see those in our pastoral cure come to worship God, Father, Son, and Holy Spirit, through regular attendance at Mass and other public worship, and through daily personal prayer;
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to build and nurture a strong and attractive Christian community whose values are shaped by the teaching of the Lord Jesus Christ;
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for all members of our church to grow in their Christian faith and discipleship through study of the Bible, with preaching and teaching based on Catholic doctrine and practice;
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reaching out to the wider community and partnering with local organisations;
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to offer teaching and care for children and young people and to encourage them to be brought up in the faith with opportunities to explore matters of faith and participate in the life of the Church.
Achievements and performance
Electoral Roll
There are 93 names entered on the Roll.
Review of the year
In 2024, we continued the work and mission of the parish, making progress on the goals outlined above. Throughout the year, we experienced growth and achieved significant milestones. Our Mission Action Plan Vision 2025 continues to keep us focused on renewing the life of our congregation and parish. Below are the five key areas of transformation and growth highlighted in our Mission Action Plan:
Worship
Worship remains at the heart of our parish life, both on Sundays and weekdays. We hold one Solemn Mass on Sundays and a Low Mass on most weekdays with Solemnities and other festivals appropriately marked. In 2024, our average adult attendance on Sundays was 53, with 12 children. On Easter Day, we had 88 communicants, and 166 people attended over the Easter Vigil and Easter Day Masses. On Christmas Eve and Christmas Day, there were 136 communicants and a total of 487 worshippers. We have experienced steady
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growth, with several new and active members joining the community. Major festivals like Christmas and Easter continue to draw people to worship within the parish.
Significant services in 2024 included the keeping of a full Holy Week and Easter, the Patronal Festival (Birthday of the Blessed Virgin Mary), All Souls’ Day, Remembrance Sunday, the Advent Carol Service, and the Crib Service.
Music plays a vital role at St. Mary’s, with Sundays and key feasts celebrated with beautiful music. Mr. David Terry, our Organist and Director of Music, and the choir maintain high standards, providing strong support for the liturgy and ensuring continuity.
Our Sunday School continues to offer excellent programs for our young people, contributing to the growth and stability of families attending St Mary’s. During term-time, we regularly have over 15 children in church on Sundays. Our connections with local schools are also valuable in fostering these relationships.
Discipleship & Faith
In 2024, there were 5 Baptisms and 4 Confirmations. We have continued to adapt and evolve our approach to teaching. Our Lay Reader plays an important role in leading Study Groups and exploring various ways to share and explore the faith. In 2024, our main study group during Lent focused on the Stabat Mater , and we also held a book group discussing Elizabeth Oldfield’s Fully Alive .
Pub Sunday is a regular monthly gathering for fellowship after Sunday Mass, with 10-20 people attending each time.
The primary focus of our teaching ministry is the preaching on Sundays. We are increasingly welcoming individuals new to the faith or those unfamiliar with the type of worship we offer at St Mary’s.
Communication within the parish is maintained through our weekly email newsletter, which includes additional teaching materials. Approximately five people receive regular home visits and Holy Communion.
Young People
Our Sunday provision for children has continued in 2024. As has been stated above, we regularly see 15+ children on Sundays and we have a growing number of children and young people who worship at St Mary’s. We take seriously our aim to nurture children to be disciples in their own right as we seek to encourage them in faith and engage them with Scripture and allow them to contribute to worship as they play their part as children of God. Our Sunday School leader has enthusiastically and consistently been creative in
helping our young people grow through engaging and imaginative ways.
The Vicar is a Governor of Brookfield Primary School and is in regular contact with that community through his work. We have increased our links with St Michael’s Church of England Primary School which now includes our parish boundary withing the catchment area for the school. Several families now send children to the school and attend St Mary’s. Fr Damien leads assemblies at St Michael’s School and helps at other events.
Transforming Community
Our weekday Wellbeing Café runs three days a week seeing around 40-50 people at each lunch.
All Aboard: stay & play for under 5’s runs four days a week during school term-time and we see over 100 children over the course of the week. This is proven to be a great way to intereact with local people tackling various kinds of need and breaks down barriers.
Both outreach projects continue to be run in partnership with Highgate Newtown Community Partners (HNCP), a relationship that continues to be fruitful and an effective way of working with our local community.
We also host a peer support group in partnership with MIND Camden, focusing on mental health and wellness. This is a group of 10-15 people who meet weekly and have a short discussion session. This group is drawn from members of our congregation and people from the local community.
Our Winter Shelter was hosted again in church from January to April. This continues to be well supported as a project and enables us to use the church creatively to host 16 homeless guests one night per week during the coldest months of the year.
Transforming our Building
We continued our programme of restoring and renewing the church’s ornaments and fabric. The building and grounds were well-maintained throughout the year.
The building project has progressed more slowly than expected. However, there has been some progress with funding and a renewed interest from the Diocese regarding churches on the Heritage at Risk Register in the Camden Deanery. We have been collaborating with a fundraiser and the Diocesan team to advance the project and hope to apply for an initial round of funding to help develop plans for a larger project in the near future. This is now a priority for us in the next year.
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Risk Management
The PCC noted that continuing expenditure on church and hall maintenance would need to be carefully monitored to ensure that the parish could still meet and if possible increase payments to the Common Fund of the Diocese. The church is dependent on the rents received from the church hall. Now the hall is subject to a 15 year lease, we have greater income stability, but if one or more of the flats are left vacant for a significant period of time, or if the hall tenant fails, the church’s income would be severely affected.
Concerning statutory and legal requirements, the church continued to insure with Ecclesiastical Insurers which provides cover for the most significant high impact risks identified by the PCC.
The PCC also continually monitors the condition of our buildings to ensure that all users of both the church and the hall remain at minimal risk.
The process of identifying the major risks to which the church is exposed, as identified by the PCC, continues. The PCC is committed to continuing this review of risks identified, and to making sure that the systems established to mitigate those risks are improved, where necessary.
Safeguarding
St Mary’s takes safeguarding seriously in the context of our belief that we are all unique, valued, and made in God’s image. We have formally adopted our own safeguarding policy in line with that of the Diocese of London and the national church. Lydia Kember is our Children’s Champion. Marie Papworth was appointed Church Safeguarding Officer at the APCM in 2024.
Reserves policy
At the end of the year, the PCC had cash reserves of £142,575 (2023: £151,430), of which £10,182 (2023: £7,166) were held on restricted funds and not available for general purposes of the charity.
insufficient. The level of the reserves is decided by reference both to identified building and maintenance requirements, and to the PCC’s experience. The level of reserves is reviewed annually.
Financial review
Planned giving received during 2024 increased by 4% on the previous year. Total voluntary income increased by 4.9% and total income increased by 7.18%.
£253،915 (2023: £242,871) was spent during the year, including the contribution of £80,000 (2023: £70,000) to the diocesan Common Fund. The net result for the year was a surplus of £22,784 (2023: a loss of £15,282).
The PCC has agreed to the diocese’s request that common fund contributions for 2025 should, if possible, be increased. Accordingly, the parish will contribute £90,000 to the Common Fund for 2025.
Plans for future periods
We have experienced another year of growth at St. Mary's. We are thankful for all that God is doing among us and continue to pray for further growth and blessings.
The year 2025 marks the 150th Anniversary of the Consecration. This is a time to celebrate all that has happened so far and, with renewed vision and hope, to continue the work we are doing. As we move forward, we will need to reflect on our priorities for the future and the direction we are headed as a parish. The building project will need to become a greater focus in the coming year.
In recent years, we have made significant progress toward our goal of becoming a central hub for both our parish and the wider community. Our priority for the upcoming year will be to renew our Mission Action Plan for the next five years. I am confident that we will continue to grow and develop in the year ahead.
FR DAMIEN MASON
The church requires significant reserves to ensure that it is able to finance any maintenance required to the Church and church hall buildings, and to meet its liabilities as they fall due.
The church has sufficient funds in the Church Hall fund: £96,941 (2023: £126,782) to cover maintenance needs and other liabilities. In addition, the PCC holds cash reserves on the general fund: £28,364 at 31 December 2024 (£10,750 at 31 December 2023) as a safeguard against unforeseen expenditure needs. It can call on the church hall account where this is
Fr Damien Mason
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Independent Examiner ’ s Report to the PCC of St Mary ’ s Brookfield
I report on the accounts of the PCC for the year ended 31 December 2024, which are set out on pages 6 - 15, following an examination carried out in accordance with section 145 of the Charities Act 2011 (“the Act”).
Respective responsibilities of trustees and examiner
As members of the PCC, you are responsible for the preparation of the accounts. You consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the requirements of the Act,
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
It is my responsibility to:
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examine the accounts under section 145 of the Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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to state whether particular matters have come to my attention.
Heather Cheesman FCA 104 Stockbridge Road Chichester West Sussex PO19 8QP
11[th] March 2025
Basis of independent examiner ’ s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is expressed as to whether the accounts present ‘a true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner ’ s statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
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Parochial Church Council of St Mary Brookfield
13:10 1
STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2024
| Notes | Unrestricted Funds Restricted Funds Music Memorial fund Church Hall Fund Designated Funds |
2024 2023 TOTAL FUNDS |
|---|---|---|
| INCOME Donations and legacies 3(a) Trading activities 3(b) Investment income 3(c) Church activities 3(d) Other income 3(e) |
£ £ £ £ £ £ 86,615 - - 24,098 110,713 105,524 9,306 - 146,568 5,443 161,317 147,674 282 347 2,997 150 3,775 3,218 894 - - - 894 1,737 - - - - - - |
|
| TOTAL INCOMING RESOURCES | 97,097 347 149,565 29,690 276,699 258,153 |
|
| EXPENDITURE Costs of raising funds 4(a) Church activities 4(b) |
2,052 - - - 2,052 3,392 196,886 - 28,457 26,520 251,863 239,479 |
|
| TOTAL EXPENDITURE | (198,938) - (28,457) (26,520) (253,915) (242,871) |
|
| NET MOVEMENT IN FUNDS | (101,840) 347 121,108 3,170 22,784 15,282 |
|
| TRANSFER OF FUNDS RECONCILIATION OF FUNDS BALANCES BROUGHT FORWARD AT 1 JANUARY 2024 |
150,000 (150,000) 580,551 6,741 173,364 7,241 767,897 752,615 |
|
| BALANCES CARRIED FORWARD AT | 628,711 7,088 144,472 10,411 790,681 767,897 |
|
| 31 DECEMBER 2024 | ||
| The notes on pages 6 - 13form part of these accounts. |
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Parochial Church Council of St Mary Brookfield
BALANCE SHEET At 31 December 2024
| Note FIXED ASSETS Tangible fixed assets 7 CURRENT ASSETS Debtors 8 Central Board of Finance deposits Cash at bank and in hand LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 Net current assets Total assets less current liabilities TOTAL NET ASSETS FUNDS 10 Unrestricted: General funds Music Memorial Fund Church hall designated fund Restricted funds |
2024 2023 £ £ 651 106 654 648 22 689 6 485 77 106 73 331 65 468 78 099 |
|---|---|
| 165 264 157 915 (25 689) (43 969) |
|
| 139 575 113 946 |
|
| 790 681 768 594 790 681 768 594 608 636 581 247 7 088 6 741 144 545 173 365 |
|
| 760 269 761 353 10 412 7 241 |
|
| 770 681 768 594 |
Approved by the Parochial Church Council on 16 March 2025 and signed on its behalf by:
NOEL CASEY
IAN MACGREGOR
Noel Casey KC (Churchwarden)
Ian MacGregor (Churchwarden)
NICOLA PITTAM
Ms Nicola Pittam (Treasurer)
The notes on pages 9 - 15 form part of these accounts.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2024
1. THE BASIS OF ACCOUNTING
The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015 (Financial Reporting Standard 102).
The financial statements have been prepared under the historic cost convention except for investments, which are shown at market value. The Church Hall is valued at cost, taken as the insurance estimated value of rebuilding in 1998, and the cost of structural alterations made in 2011. The Accounts have been prepared on an accrual basis.
2. ACCOUNTING POLICIES
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. There are three designated funds: the Church Hall designated fund, and the Music Memorial Fund. Money earned by the Church Hall is accounted for in the Church Hall Fund. The maintenance of the church hall is the first charge on that fund. Monies in the fund may be transferred to the general fund to finance the work of the parish.
The Church also has the following restricted funds: the Churchwardens’ Fund (see further note 11, and page 13); the Elsie Huxley Music Fund, set up in memory of Elsie Huxley, which contributes to the costs of music; the Charities fund, into which moneys donated to charity through the church are paid. The other restricted funds include the Vestments and Altar Frontals Fund, for the purchase of vestments and altar frontals, the flower fund, for the purchase of flowers and Christmas decorations, the Church Wall and extension fund, for donations to the cost of extending the church and repairing the church walls, the Cold Weather Shelter fund, for donations towards the church’s expenses as a participant in the Camden Churches Cold Weather Scheme, a fund for donations to charities, a Community Fund, used to contribute towards the costs of the church’s community work and a Lectionary Fund, for the purchase of new lectionary books for the church.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law.
Income
Collections are recognized when received by or on behalf of the PCC. Planned Giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognized at the end of the financial year.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fundraising events are accounted for gross.
Rental income from the letting of church premises is recognised when the rental is due.
Expenditure
Grants and donations are accounted for when paid over. The parish contribution to the diocese common fund (the parish share) is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Insurance payments are accounted for when paid.
Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2003 there is insufficient cost information available and therefore such assets are not valued in the accounts.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,500 or on the repair of movable church furnishings acquired before 1 January 2013 is written off when incurred.
Other property, fixtures, fittings and office equipment.
Equipment used within the church premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. No depreciation is charged on the church hall as the currently estimated residual value of the hall (discounted for monetary inflation since their capitalisation) is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. If the carrying value of the buildings looks greater than their current value on this basis, an impairment review would be carried out and any resultant loss included in expenditure for the year. Fixtures and fittings within the church hall are depreciated on a straight-line basis over 15 years.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit with the CBF Church of England Funds or at the bank.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2023
3
INCOMING RESOURCES
| 3 INCOMING RESOURCES |
|
|---|---|
| Incoming resources from generated fund 3(a) Voluntary Income Planned giving: Gift Aid Donations Income tax recoverable Other planned giving Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income tax recoverable Stay and Play donations Other donations Grants (see further note 11) Legacy 3(b) Activities for generating funds Trading income (see further note 12) Rental and letting income (see note 13) Fund-raising activities (see note 14) Sundry income Miscellaneous Utilities payments and service charge 3(c) Income from investments Interest on funds with Central Board of Finance Interest from Inland Revenue 3(d) Incoming resources from charitable activ Fees 3(e) Other ordinary incoming resources Insurance claims TOTAL INCOMING RESOURCES |
TOTAL FUNDS Unrestricted funds Restricted funds General funds 2024 2023 Church music Church hall £ £ £ £ £ £ s 30,720 - - - 30,720 29,560 7,680 - - - 7,680 7,390 974 - - - 974 845 Designated funds |
| 39,374 - - - 39,374 37,795 9,196 - - 40 9,236 5,324 2,233 - - - 2,233 2,197 5,731 - - 3,207 8,938 8,300 1,433 - - 802 2,234 2,075 3,106 - - - 3,106 23,044 - - 1,050 24,093 30,033 |
|
| 33,313 - - 5,058 38,371 40,408 2,500 - - 19,000 21,500 19,800 - - - - - - |
|
| 86,615 - - 24,098 110,713 105,524 |
|
| 5,901 - - - 5,901 6,480 - - 139,695 - 139,695 130,422 3,395 - - 5,443 8,838 5,694 10 - 988 - 998 2 - - 5,885 - 5,885 5,077 |
|
| 9,306 - 146,568 5,443 161,317 147,674 |
|
| 282 347 2,997 150 3,775 3,217 - - - - - 0 |
|
| 282 347 2,997 150 3,775 3,218 |
|
| ities 894 - - - 894 1,737 |
|
| 894 - - - 894 1,737 |
|
| - - - - - - 97,097 347 149,565 29,690 276,699 258,153 |
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2023
| 4 EXPENDITURE Costs of generating funds 4(a) Costs of raising funds Costs of stewardship Costs of fundraising Advertising 4(b) Church activities Charitable giving (see note 15) Ministry Diocesan Fund Clergy expenses Vicarage telephone Hospitality Cold Weather Shelter Study material Ministry to children Website Sundry costs Computer equipment and software office supplies Presentation Printing Vicarage costs Vicarage maintenance Vicarage utilities Church and Hall costs Maintenance utilities Insurance Major works Professional fees re proposed major works Professional fees Church and hall manager's costs Church and hall legal and admin co Upkeep of services Music costs Organists Purchase of altar frontals and vestments Other service costs Movable furnishings and equipment Depreciation Governance costs Independent examination Total expenditure on charitable activities TOTAL RESOURCES EXPENDED |
TOTAL FUNDS Unrestricted funds Restricted funds General funds 2024 2023 Church music Church hall £ £ £ £ £ £ 78 - - - 78 - 1,274 - - - 1,274 2,443 700 - - - 700 948 Designated funds |
|---|---|
| 2,052 - - - 2,052 3,392 |
|
| 60 - - 16 76 60 80,000 - - - 80,000 70,000 1,218 - - - 1,218 1,142 1,147 - - - 1,147 1,154 2,547 - - - 2,547 3,109 - - - 2,374 2,374 3,932 130 - - - 130 142 883 - - - 883 830 228 - - - 228 361 3,765 - - - 3,765 8,486 242 - - - 242 254 636 - - - 636 872 229 - - 345 574 541 2,117 - - - 2,117 2,026 |
|
| 93,141 - - 2,719 95,860 92,848 2,684 - - - 2,684 976 394 - - - 394 349 |
|
| 3,078 - - - 3,078 1,325 18,062 - 15,037 25 33,125 27,503 18,698 - 5,775 6,925 31,398 22,444 7,774 - 3,269 - 11,043 10,760 - - - - - - - - - - - 2,127 - - 2,532 - 2,532 3,718 15,548 - - 239 15,787 13,818 s 889 - - - 889 3,622 |
|
| 60,971 - 26,613 7,188 94,773 83,992 15,392 - - 14,001 29,393 24,656 9,730 - - - 9,730 9,150 3,635 - - - 3,635 14,840 8,381 - - 2,597 10,978 8,267 |
|
| 37,138 - - 16,598 53,735 56,912 1,698 - 1,844 - 3,541 3,541 |
|
| 1,698 - 1,844 - 3,541 3,541 800 - - - 800 800 |
|
| 196,886 - 28,457 26,520 251,863 239,479 |
|
| 198,938 - 28,457 26,520 253,915 242,871 |
5 STAFF COSTS/PCC EXPENSES
During the year the PCC employed a Church Manager and engaged the services of organists. Neither received £50,000 p.a. or more for their services. The church manager was paid £15,623 for his services, and £164 was contributed to his pension. The organists were paid £9,730 for their services.
During the year the vicar was reimbursed travelling and administrative expenses of £1,218.
6 RELATED PARTY TRANSACTIONS
During the year £19,557 was received by way of donations from members of the PCC. No expenses have been paid to any member of the PCC except for clergy expenses disclosed in note 5.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2023
7 FIXED ASSETS FOR USE BY THE PCC
| Tangible fixed assets Actual / Deemed Cost Depreciation Net Book Value land and buildings comprise t f rebuilding, valued for insuran equipment, acquired in 2022 c The Charity Service RSCM HM Revenue & Customs Wildwood Nature School Ltd Deidre, Rashid and Soumiya Rettali (hall flat 1) |
TOTAL ASSETS Freehold land and buildings Fixtures and Fittings Other church equipment 2024 £ £ £ £ At 1 January 2024 643,196 27,654 18,603 689,453 Correction - - - - Additions - - - - At 31 December 2024 643,196 27,654 18,603 689,453 At 1 January 2024 - 22,585 12,220 34,805 Charge for the year - 1,844 1,698 3,541 At 31 December 2024 - 24,429 13,918 38,347 At 31 December 2023 643,196 5,069 6,383 654,648 At 31 December 2024 643,196 3,225 4,685 651,106 he church hall at York Rise. For accounting purposes the hall is valued at cost (taken as the insurance ce purposes at 31 December 1998 at £580,000, together with the cost of structural alterations made in onsisted of a laptop computer (£1,478.95), a dishwasher (£2,724) and a defibrillator (£1,258.79) TOTAL FUNDS Unrestricted funds Restricted funds General funds Designated funds 2024 2023 Church music Church hall £ £ £ £ £ 20,000 - - - 20,000 - 137 - - - 137 - 2,322 - - 230 2,552 3,063 - - - - - 722 - - - - - 2,700 |
TOTAL ASSETS Freehold land and buildings Fixtures and Fittings Other church equipment 2024 £ £ £ £ 643,196 27,654 18,603 689,453 - - - - - - - - |
|---|---|---|
| 643,196 27,654 18,603 689,453 - 22,585 12,220 34,805 - 1,844 1,698 3,541 |
||
| 22,459 - - 230 22,689 6,485 |
The freehold land and buildings comprise the church hall at York Rise. For accounting purposes the hall is valued at cost (taken as the insurance valuation of the cost of rebuilding, valued for insurance purposes at 31 December 1998 at £580,000, together with the cost of structural alterations made in 2011). New church equipment, acquired in 2022 consisted of a laptop computer (£1,478.95), a dishwasher (£2,724) and a defibrillator (£1,258.79)
8 DEBTORS
9 CURRENT LIABILITIES
| LIABILITIES | |
|---|---|
| Castle Water British Gas E-on Sarah Parfitt Fr Damien Mason Charles Farris Ltd David Terry Dee Retali Nicholson & Co Ltd London Diocesan Fund Hayes & Finch Carden & Godfrey Jarek Padlo Anna Golitzin Richard Luzar (Vestments) Canon UK Ltd Wildwood Nature School Ltd Nicola Pittam Michael Gillard Audio Visual |
Unrestricted funds Restricted funds General funds Designated funds 2024 2023 Church music Church hall £ £ £ £ £ £ - - 67 - 67 154 3,755 - - - 3,755 4,443 - - - - - 684 - - - - - - - - - - - 385 - - - - - 42 1,360 - - - 1,360 1,300 - - - - - - 643 - - - 643 610 627 - - - 627 1,585 427 - - - 427 - - - - - - 2,127 - - - - - 6,630 60 - - - 60 60 - - - - - 6,975 - - - - - - - - 18,750 - 18,750 18,750 - - - - - 40 - - - - - 880 |
| 6,872 - 18,817 - 25,689 44,666 |
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2023
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ANALYSIS OF NET ASSETS BY FUND
| Fixed Assets for Church use Current Assets Funds on deposit with Central Board of Finance Bank deposits Petty cash Debtors Current Liabilities Net Current Assets Liabilities falling due after one year Fund Balance |
TOTAL FUNDS Restricted funds General funds 2024 2023 Church Music Church hall £ £ £ £ £ £ 584,685 - 66,421 - 651,106 654,648 5,762 7,088 61,209 3,047 77,106 73,331 22,552 - 35,732 7,135 65,418 78,098 50 - - - 50 - Designated funds Unrestricted funds |
|---|---|
| 28,364 7,088 96,941 10,182 142,575 151,429 22,459 - - 230 22,689 6,485 |
|
| 50,824 7,088 96,941 10,412 165,264 157,914 (6,872) - (18,817) - (25,689) (44,666) 43,951 7,088 78,124 10,412 139,575 113,249 |
|
| - - - - - - 628,636 7,088 144,545 10,412 790,681 767,896 |
11 GRANTS
The parish of St Mary Brookfield is a beneficiary of annual grants from the St Pancras Church Lands Trust, a Charitable Trust established by Act of Parliament in 1816. This grant may only be used for the maintenance of the church fabric and the maintenance of worship in the parish, and not for general parochial purposes. The amounts received and paid have therefore been included in Restricted Funds in the Statement of Financial Activities. Full details of the funds received from this trust, and payments from that fund are given in the Churchwardens' Account on page 11. The parish also received a grant from the London Borough of Camden Cost of Living - Community Response Fund towards St Mary's community work, and a grant for MIND in Camden for peer support groups.
| St Pancras Church Lands Trust MIND in Camden Benefact Trust London Borough of Camden |
Unrestricted funds Restricted funds 2024 2023 £ £ - 14,000 14,000 12,000 2,500 - 2,500 3,000 - - - 1,800 - 5,000 5,000 3,000 |
|---|---|
| 2,500 19,000 21,500 19,800 |
| COME Brookfield Press Votive candles Refreshments Fee for use of church and churchyard Total |
2023 2022 £ £ - 1,430 506 500 31 19 5,365 4,530 |
|---|---|
| 5,901 6,480 |
12 TRADING INCOME
| D LETTING INCOME Nursery School rent Wildwood Nature School Ltd Flat 1 rent Flat 2 rent Flat 3 rent |
2024 2023 £ £ - - 75,000 75,000 22,000 19,449 23,615 19,303 19,080 16,670 |
|---|---|
| 139,695 130,422 |
13 RENTAL AND LETTING INCOME
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2023
| FUND-RAISING Candles for All Souls Barbeque Wine tasting Just giving donations to Cold Weather Shelter Raffle 100 club CHARITABLE GIVING The following payments were made to charity during 2023 Walsingham College Association Trust The Children's Society 2023 COMPARATIVES BY FUND INCOME AND ENDOWMENTS Donations and legacies Other trading activities Investment income Church activities TOTAL INCOME AND ENDOWMENTS EXPENDITURE Costs of raising funds Church activities TOTAL EXPENDITURE NET MOVEMENT IN FUNDS |
Unrestricted funds General funds £ 81,948 9,575 140 1,737 |
2024 2023 General funds Restricted fund £ £ £ £ 185 - 185 195 1,350 - 1,350 950 1,230 - 1,230 800 - 5,443 5,443 2,601 630 630 - - - - 1,148 |
|---|---|---|
| 3,395 5,443 8,838 5,694 |
||
| 2024 General funds Restricted fund 60 - 60 16 - 16 76 - 76 Restricted funds 2023 Church Music Church hall £ £ £ £ - - 23,576 105,524 - 135,499 2,601 147,675 296 2,554 227 3,217 - - - 1,737 Designated funds |
||
| 93,400 | 296 138,053 26,404 258,153 |
|
| 3,392 183,533 |
- - - 3,392 - 21,723 34,223 239,479 |
|
| 186,925 | - 21,723 34,223 242,871 |
|
| (93,525) | 296 116,330 (7,819) 15,282 |
14 FUND-RAISING
15 CHARITABLE GIVING
16 2023 COMPARATIVES BY FUND
1 3
Parochial Church Council of ST MARY BROOKFIELD
Notes to the Financial Statements For the year ended 31 December 2024
Statement of Financial Activities for Restricted Funds
| INCOMING RESOURCES Voluntary Income Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income Tax Recoverable Other donations Grants Activities for generating funds Fund raising Sundry income Income from Investments Interest on funds with CBF Total Incoming Resources Resources expended Charitable activities Church of England Children Society Cold weather shelter Presentation contribution to printing Professional fees for church wall and extension project Church costs Maintenance of fabric Church maintenance Utilities Insurance Church manager's costs Maintenance of worship Music Purchase of altar frontals Upkeep of services and purchase of lectionary Depreciation Total resources expended Net incoming (outgoing) resources Balances brought forward Balances carried forward |
Elsie Huxley Music Fund Vestments fund and altar frontals Flower Funds and Christmas decorations Church wall and extension fund Cold Weather shelter Fund Charities Funds Community grant Lectionary Fund Organ fund and presentation fund Church wardens' fund £ £ £ £ £ £ £ £ £ - - - 40 - - - - - - - - - - - 1,175 685 - - 1,347 - 294 171 - - 337 - - 194 482 16 - - 370 |
Total 2024 £ - 40 - - - 3,207 - 802 - 1,061 |
|---|---|---|
| - - 1,662 - 1,338 16 - 1,683 370 |
- 5,070 |
|
| - - 1,662 - 1,378 16 - 1,683 370 - - - - - - 5,000 - 14,000 - - - 5,431 - - - - - - - - - - - 98.53 - - 51 - - - - |
- 5,110 |
|
19,000 - 5,431 - - - 150 |
||
| 98.53 - 1,662 51 6,809 16 5,000 1,683 370 14,000 |
29,690 | |
| - - - - 16 - - - - - - - 2,374 - - - - - - - - - - - 345 - - - - - - - - - - - - - - - - - - - - - - - - - - 25 - - - - 1,698 - 5,000 - - - - - - - - - - - - - - - 239 - - - - |
- 16 - 2,374 - 345 - - - - - - 25 - 6,698 - - - 239 |
|
| - - - - 1,937 - 5,000 - 25 - - - - - - - - 14,001 - - - - - - - - - - - - - - - - - - - 1,348 - - - - 1,475 - |
- 6,962 14,001 - - - - - 2,823 |
|
| - - 1,348 - - - - 1,475 - 14,001 - - - - - - - - - |
16,824 - - |
|
| - - 1,348 - 4,310 16 5,000 1,475 25 14,001 |
26,520 | |
| 98.53 - 314 51 2,499 - - 208 (1 |
) 3,170 |
|
| 1,911.00 - 89 1,026 4,214 - - - 1 2,009.53 - 403 1,077 6,713 - - 208 |
7,241 - 10,411 |
1 4
Statement of Financial Activities for Restricted Funds: Comparatives for 2023
| INCOMING RESOURCES Voluntary Income Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income Tax Recoverable Other donations Grants Activities for generating funds Fund raising Sundry income Income from Investments Interest on funds with CBF Total Incoming Resources Resources expended Charitable activities Church of England Children Society Cold weather shelter Purchase of persian rug contribution to printing Professional fees for church wall and extension project Church costs Maintenance of fabric Church maintenance Utilities Insurance Church manager's costs Maintenance of worship Music Purchase of altar frontals Upkeep of services Depreciation Total resources expended Net incoming (outgoing) resources Balances brought forward Balances carried forward |
Elsie Huxley Music Fund Vestments fund and altar frontals Flower Funds and Christmas decorations Church wall and extension fund Cold Weather shelter Fund Charities Funds Energy Fund Community Lunch Fund Church wardens' fund £ £ £ £ £ £ £ £ £ - - - 1,360 - - - - - - 340 - - - - - 2,238 640 280 - - 1,500 - - 559 160 70 - - 375 - - - 143 901 10 - - - |
Total 2023 £ |
|---|---|---|
1,360 340 4,658 1,164 1,054 |
||
| - 2,797 943 - 1,251 10 - 1,875 - |
6,876 |
|
| - 2,797 943 - 2,951 10 - 1,875 - - - - - - - 3,000 - 12,000 - - - 2,601 - - - - - - - - - - - - - 92 - - 135 - - - - - |
8,576 |
|
15,000 2,601 - 227 |
||
| 92 2,797 943 135 5,552 10 3,000 1,875 12,000 |
26,404 | |
| - - - - - 10 - - - - - - - 3,932 - - - - - - - - - - - 1,875 - - - - - 210 - - - - - - - 2,127 - - - - - - - - - - - - - - - - - - 1,400 - 7,641 - - - - - - - - - - - - - - - 432 - - - - |
10 3,932 1,875 210 2,127 - - 9,041 - 432 |
|
| - - - - 1,832 - 7,641 - - 680 - - - - - - - 12,070 - - - - - - - - - - 2,797 - - - - - - - - - 1,049 - - - - - - |
9,473 12,750 - 2,797 1,049 |
|
| 680 2,797 1,049 - - - - - 12,070 - - - - - - - - - |
16,596 - |
|
| 680 2,797 1,049 2,127 5,974 10 7,641 1,875 12,070 |
34,223 | |
| (588) - (106) (1,992) (422) - (4,641) - (70) |
(7,819) | |
| 2,499 - 195 3,018 4,636 - 4,641 - 71 1,911 - 89 1,026 4,214 - - - 1 |
15,060 7,241 |
1 5