CHARITY REGISTRATION NUPdJBER . 1137094 HIGHBURY QUADRANT CONGREGATIONAL CHURCH REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024 HIGHBURY QUADRANT CONGREGATIONAL CHURCH YEAR ENDED 31 DECEMBER 2024 CONTENTS Page Legal and Administrative Trustees, Report Independent Examinerfs Report Statement of Flnancial A¢tivitle8 Balance Sheet Notes to the Flnanclal Statement 9-13 HIGHBURY QUADRAKf CONGREGATIONAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2024 Charlty Name Congregational Chapel and Lecture Hall, Knty*n locany as Quadrant Congregational Chur¢h. Charfty Rogl8tsred Nurnber 1137094 Prfn¢lpal addr088 Highbury Quadrant Congregational Churth Highbury Quadrant London N5 2TE Wob. Slts: vThM.hqcoor9.uk Trnstses Revd. Shahnawaz Ja￿1 Deacon J O'Donovan Miss Joyce Prrce Mrs M Mcguire Mr Leo John Mendoza Miss Jwi(*e Martins Minist T(easurer died on 28.09.2025 Secretary RernoNed on 23.4.2023 Resigr￿d 28.05.2025 Appointed on 18.05.2025 Independent Exarnlner M. Said & Co. Chartered Certified Accountants 137 Bla¢kstod( Road London N4 2JW Bankor HSBC 312 S8%*n Sisters Road London N4 2AW HIGHBURY QUADRAKf CONGREGATIONAL CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEM8ER 2024 The Chur(* Leadershlp submits its annual report togetsr vAth tr* indepethty examined fM)anoal ststements ofthe Church for the period ended 31 December 2024. The trustees confimi that the finanaal ststements of the Charity conply v￿th the current statutory requirements of Charivs go¥eming dcs¢ument 8fKI the rec(#rmerKlation of the°FRS102 SOR effective from January 2016 and in accordance vAth the Charities Act 2011. 1.1 Charlty Name Congregational Chapel and Lecbjre Hall. Known locally as Highbury Quadrant Congregational Churth. The Church was established in 1878. 1.2 Afflnatlon8 The Church is a memter of the Evangeli￿1 Fe11th￿1P of Congregatlonal Churd (wMY.efcc.karw.net). the Congregational Federation (WWM.congreagalion81.org.uk). and Evangelical Allianc* (VTh•W.eauk.org). STRUCTURE, GOVERNANCE AND MANAGEMEKr 11 Tho Govomlng Documents The Church's goveming d￿Urnents are as follo￿. ' Charity Commission Scheme of4 July 1983, gi)NEming the Church's Consbiution armd propety at Highbury Quadrant Congregational Church. Highbury Quadran( London N5 2TE. The Scheme stipulates that the propety is to be held on trust in accordance ￿th the pThtsion of clauses &17 of the adlvities of the Litue LongStor* CongTrgational Scheme Confirnation Act 1920. ' The Manse Trust Deed dated 1993, goveming the uso ofthe Church rnanse in COnn•￿10n with 8Ctiviiles ol the Church. . AppToN*d GoNpming D(xwment by the CThwregational Model Trust Deed datsd 13th day of June 2009 22 Tnmtees The Churth has t￿> dasses of trustees as folltyrt: 12.1 Managlng Tr￿1￿3 The Managing Trustses of the Churth are responsible for day to day management of the Church's busi￿$$ in accordance V*ith Church's ObJ8cts. The Managing Trustees are the members ofthe Churth Le•Sershtp elected by the Chwth members. meeting. The Church Leadership ar8 the deacons and minister along %%ith members who arn el8rted by the Churth Meeling as TNstees. Deacons serve a te￿ of three years. All are Or￿lbIe for ' The Church Secretary and Treasurer are each appointed annualty. Church Leadership meets at least 10 times per annum to discuss a full range of matters relabng to finance. fab￿ general administration arKI responsibilty ol keepirKJ of Church membershtp roll. One of the Churth's officeis. the Minister. reCeI￿d remuneralion during the year. see nots 10 for further details. The Induction TKocess for the Church member newty-appointed to Church leadership comW￿8 as initial meeting the Minister arml rp¢eipt of copies of. ' the most recent financial ststement ' the Charity Commissron's guidan￿ Tri essential Trustee,. 2.2.2 Holdlng Trusta0 The hol￿]ng trustee is resp￿￿1￿8 for hokling the Church's land arKI buiklings on trust for the benefft ofthe Church and ensurirKJ that the use ofthe18nd arKI buildings is as 8nMsaged by the Approved G0￿ming Document and Trust Deed. The holding trustee is the Congwational Federalion Limiied of4 Castle Gate Nottingham NG17AS (Registered Charity No: 267469) and 1$ appointed by the Members without fix&J term and be removed by the Membe￿. HIGHBURY QUADRAiif CONGREGATIONAL CHURCH TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2024 2.3 Chur¢h Mombor8 Church Membership is open to those vkK•'. ' accept the bellols of the ChLtrch.' ' commit theMse￿S to serving Christ within the Church and beyond: ' ackno5￿edge thelr responsibilitses as Church Members: Chur¢h Members share Sn the responsibilty for th8 financ88. adminlstrailon, malntenance and acti)riti8s of th8 church and elect th8 Church Leadership. Church Trustees met 4 times during the year to discus$ reports from church leadèrship and io dis¢atss church and shop matters. 14 Chur¢h Adh•r•nts Church Adherents are all those who attend Sunday Worship. Study or DisJ that He has been good to us and continued to sh¢Mrwth Hts ble8sing8 We pray and trust in God that He wll enable us to be good stewards of gifts and resources entrusted to us through the body ol people who a￿ church famty ar￿ the Ivrfler c￿nmUnIty. As a Church V4fj have continued to see a numbw of individuals ¢¢xnmitting to regular wornhip and study groups. The church has cuTh8ntly 21 active members and 20 adherents (2023 .' 21 members and 20 adherents ) with 3 children {2023'. 3 children). Thls keeps us steady and VIP hope and pray that our membership will grw in the knowledge and grace of the Lord Jesus Christ We also long to see peo￿ In our local communty coming to know the Lord J￿uS Chrtst as thelr personal Saviour. and joiiwrvj *ith us in our aciii•ti•s. arKI this Is our constant prayer. The Charfty Is a small Church In terns of memborshlp are curTenty depondent, In financlal tsmis, on profft from the Second Chance Charity sfw and also the rental i(Kome from church manse as well as Intorest received from the Federation to finance operating costs arml intemational mission vMrf(. 4.2 Po•t Balanco Shoot For many years the church has been looklw at varlou8 way8 ol helplng pernecuied and marginall8ed Chrisbans In Pakistan. On 2 Aprll 2023 members lomed a committee for Intematlon81 Mlsskm made up of fve membern whlch approved In July 2024 an Intomatsonal mwion plan. The plan of the misslon ig to start educational. modical. skilled tralning c8ntres. church planttNJ a8 y￿11 as women emp0v￿M)ent and microfinance projects and othor proio¢ts iniliated from . Refresh ' vthlch Is the magazine of the Congregational Federation. It wa8 dectded that the Minister ￿711 go to on a short trip to Pakiitan to ewore opportunities in those fields. Other missionart05 Can travel in Ih@ ￿￿jr0 lo support tfmge projects. They will b&qr their trn¥*l cost tho Char5ty wlll pay for other ¢08ts. The grant recelved Cong￿gga￿¢Jnal Federatlon In 2025 *ill be used for long term sustalnable project for education and women emp0￿rment. Mr L J Mendoza reslgned 88 a trsutee and Miss J Martins was 8￿Cted 8$ a trustse on 18.05.2025 The church Deacon and Treasurer pas*J away on 28.09.2025 . O. FINANCIAL Review 6.1 Flnan¢lal acllvlty and FIna￿lI1 Po•ltlon The Statsrnent of Financial ActivilKgs and Balance Sheet can bè found on pages 7 and 8 rospecti￿ly. The balanc8 sheet Shows total Net A88ets of £145,785 {2023 . £155.625). The decrease in Net Assets was due to a defiaency of £9.840 (2023 .su￿luy £7.331 > in thls years rnsulis . 6.2 Re8•rve• Pollcy The Church Leadershl) has examlned the requirements for free re8epMs, 1.8. thoso unrestdctod fvndg not Invegted in tangibl8 fixed assets. The Church Leadership (x>nsiders that, given the noturo of the Church'8 worf(. free reserrfes should be equivalent to approxtmately 12 months. routi￿ general fund charitab19 expenditure, plus committed fijture expenditure on other prqects around £20,000, where funds pemlL The Church Leadershlp is of the opinion that this proNrydes sufficient fiexibility to coNer temporary shortfalls In Incorning resources and will allow the Church to cope an r8swnd to unforeseon emerggncies whilst speci￿ action plan$ ara irnplemented. HIGHBURY QUADRANT CONGREGATIONAL CHURCH TRUSTeES' REPORT YEAR ENDED 31 DE¢EM8ER 2024 At 31 D•rember 2024 IM Church had ngt freo rn8ervo¥ of£10S.#S512023:£117.3181 •8 lollovA'. 2024 2023 Total R¢8ems Le88.' rnslrtcltd fund L•s&" r￿d fvy tho corfnulng oftr* Church 145,785 155,625 39,830 Unrn8td¢ted R•seN•s 105.966 117,318 6.3 Pro￿rtY Revlow Plannlng pemilssion was approved in June 2022 to start the development of40 residentlal flats and a new church. Followlng the demolltion of the church. £2.4 mdlion was receive(I by the charlty and Is held by the Congregatlon Federation. 6.4 Inve8thiont Polley The Church currently Invest Its lunds in short term cash deposlts on the basls that free re98p￿S may be requlred at short notlce. 5.5 Grant8 Pollcy The Church mAke8 grants to 8UPPOrt mS8slonary and (ther phllanthroplc endeavourn both In thè UK and abroad. The Church Is seeklng to move towardg a pollcy In whlch grants wlll be glven on the ba818 that they are subject to annual revlew and only renewed on the basls of m&8llng set crftaila. The The intentlon Is that amounts equlvalent to approxlmately 10% of th8 surplus wlll be donated a8 91ft8 to other charities. Although there was a deficit durfng the year grants in the 8um of £6,936 { 2023'.£1,950) were glven to a number of Charltles as In note 8 to th• accounts. 6. Plon• lor futurn Perlods As mentloned In polnt 5.3 al)ove. the Charlty received In conslderatlon of land sattlement the Sum of £2.4 mllllon whlch18 held by the Congregatlonal Federallon as they gffj custodlal tnjstee. The chadty wlll al80 rece1￿ a new church bullding when development has been complated. During the year the sum of £42,485 was vAthdrawn from The Congregatlonal Faderatlon to cover operatlng costs out of £2.4 mlllion. Followlng Ihe demolition of th• Church , Sunday wor¥hlp wa8 held In Sl Augusilne'8 vestry at 108 Hlghbury New Park London N5 2DR the rant of whlch18 paid for out of the 88ttlem8nt recelved. 7. Ro•pon8lbllltlo• of Tru8ta•• for tho Flnanclal Statemgni• The Church Leadershlp Is re8pon8ible for preparing the report and the financlal statements In accordan￿ smth appllcablg law arKI Unlted Klngdom Generally Accepted Practice. Charlty law requires the Church Leader3hip to prepare financi81 ststements for each financl81 year which glve true ad lalr vlew of the state of affalrs of the charlty and of Its finandal adlvitles for that perlod. In preparlng th08e finandal stat•rn•nts, tha Church Leader8hlp 58 requlred to.. ' keep proper accountlng records whlch show at any time with reasonable accuracy the financlal posltlon of the charity and enables them lo ensure that the financial statements comply with thè Chadtles Act 1993. The Church Leadership is also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irregularities. 2.£'.".S.¢.f .2P..I.S...... Approved by order of the board of trustses on .. .. . and slgned on its behalf ty. Revd. Shahnawaz J - Mlnlster- Trustee HIGH8URY QUADRANT CONGREGATIONAL CHURCH INDEPENDETrif EXAMINEifs REPORT YEAR ENDED 31 DECEMBER 2024 Report the Trustses of H￿htsUry Quadrant Congregalonal Church on the accounts for the year ended 31 December 2024 set out on pages 7 to 13. Respectfve rnsponslbllllle8 ol tru8tee8 and èxamlnor As the charity trustees of the Twst you are responsible for the preparation of the accounts in ar￿rdance with the ￿qUIreMents of the Charities Act 2011 (The Act). I ￿lOrt in respect of my examinab'on of Trusvs accounts carrted out under section 145 of the 2011 Act and in ¢arying out my examination I have followed all the applicable Directions given by th8 Charfty Commission under section 145 {5Xb) of the ACL Indepgndont Examlnef8 ststement l am qualified to undertake the examlnation by belng a qualified member of the Association of Chartered Certified Accountants . I have completed my examlnatlon . l Gonfim that no material matters have come to my attention in Connection with the axamination which gives me cause to believe that In, any material respect - th8 accounting records were not kept in accordance with section 130 of the of the Charities Act, or -the accounts did not accord wilh the the accounting records; or - the accounts did not comply with the applicable requirements conceming the fomi and Content of a¢￿￿nts Set out in the Charities { Accounts and Reports ) Regulalion 2008 other than any requirement to give a'lfue and fair vlew which is not a matter considered a$ part of an independent 8xaminatlon. I no coneems and h8v8 com8 across no other matters In connection with the examination to vthich attention should be drawn in this report in order to enable a woper understanding of the accounts to be reached. Signed . Mahmud Sard FCCA M. Said & Co Chartered Certified Accountants 137 Bl8¢kstock Road Flnsbury P8rk N4 2JW London Dated.. HIGHBURY QUADRANT CONGREGATIONAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 2024 Unre8trlctsd Re8trlctsd Total nd fund fund8 2023 Total fund8 Not•# INCOMING RESOURce8 Voluntary Income 1.498 1A98 3,072 Actimties for ganerats'ng fvnds 123.777 123,777 133,330 Other Income Tolal Incomlng ro•ource8 38,101 161376 42,485 178,887 161376 RE80URCES EXPENDED Cost of generating funds Cost of charitable activities 87,206 84,010 87,206 84.010 89,914 81,842 8&7 Tolal re•ourc08 oxpanded 171,216 171216 NET INCOMING RESOURCES {9.8401 (9.840) 7,331 RECONCILIATION OF FUNDS Total fund brought forward 155,625 165.625 148.294 TOTAL FUNDS CARRIED FORWARD 145 785 145,786 The not88 on page8 9 to 13 fomi part of these financlal statements. HIGHBURY QUADRANT CONGREGATIONAL CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 Unrestrlctod Restrleted Total lund fund funds 2023 Total funds FIXED ASSETS Tangible assets 12 39.829 39.829 CURRENT ASSErs Debtors Cash at bank and in harKI 13 14 110.716 110.716 110.716 110 716 122.657 122,679 CREDITORS Amounts falling due wlthln one year 15 4.760 4.760 5.361 NET CURRENT ASSErs 105.956 10S.956 117.318 TOTAL ASSETS LESS CURRENT UABIUTIES 145.785 145.785 155.625 CREDrroRS Amunts falling due after more than one ￿ar NET ASSETS 145.785 14S,785 155,625 FUNDS Restricied furKIs'. Unrestrlcted funds: 16 145.785 146,786 155.625 TOTAL FUNDS 155.625 The finanaal ststements were apwob*J by the 8oard of Trustees on slgn•J on its behalf by: Re¥tl. S JaNEd - Minister- Tn The notes on pages 9 to 13 fomi part of these finan(ial statwnents. HIGHBURY QUADRAKf CONGREGATIONAL CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEM8ER 2024 1. ACCOUNTING POUCIES Accountlng conventlon financial statements have bèen prepared under the h￿￿ICal cost conventi(m. and in acojrdance with the Financial ReFXYting Stsndard SORP FRS102 (effecaiv8 January 2016). the ChaTitie5 Act 2011 and the requirements ofthe Statement of Recommended Practic8. A¢¢ounting and Reporting by Charities. Incomlng rosource8 Donations and income from tts recovery of tsx on gift alded donabons are accounted for In the period vthich they are received. Legacies are a(xx)unted for when their receipt is certain and can b8 property quantified. Invesknent Income and 01t￿r income is recogni*J n Ihe period to which it relates. Resources expended Expenditure is accounted for on an acwals basis (and indudes attributable VAT whith ran not b8 recovered ) and has been induded under e>pen5e catsgories that a9Jregate all costs for all¢)cation to ￿tilIties. lfyThere costs can not be directy attnTr*uted to pai￿￿Trar ac1iv1ts￿ they have been allocated on a basis consistent V•ith the use of these resources. Charitable expeTrJilur8 comprise expendilure on the Charitys prDnary objectives and in the defvvery of activities and services for Its benefiaaries. They indude grants made to other organisations whose charitable objects compliment ￿ wort( of the church. F￿hty p8rcent of this vfas allocat8d as direct costs and bNenty percent as support costs. GThwmance costs arè the costs associated Y￿th the govemance arrangement and V￿th the administration of the tharity and in compliance with constitutional and stalutory requiremenL It indudes the cost of the annual independent waminalithi. aryj other exp￿￿lIUra on c(#nplianc8 wilh constitubonal and Statu￿ rnqUif•n8nts. Tanglbjo fixed a880ts Depfeciation is provided at thè folliMNJ annual rates in cyder to vffite off the ￿st less estimated residual value ofeach asset over its estimated vsefvl life. Fixturés and fittFngs 12% p.a. on the reduong balance method Improvement 2% p.a. on the straight tine Taxatlon The Charity 1$ exempt from tsx on its chalilab￿ actsvit￿. Fund aecountlng Unrestricted FurKI$ c4)mwi5e those funds which the Churth Leadership are free to usa In accordance ￿1th th8 Charitab￿ objects. Restri￿ed fund are those fijnds which have been reCeI￿d for partI￿lar purposes where th8 Church Leadershtp must respe¢t the wshes ofd¢Jnors. Apart from the ￿￿en.$ Fellowslup. the restriciad funds all relate to amounts given for s[￿lfi¢ Causes. no￿allY in the context nomially in the context of donations made by Cust0ff￿ of the Second chan￿ Charity Shop. Pension costs and olf￿r post4etir8ment beneffls Charity opgratss a M>1< pla￿ pwtsion Scr￿Me for all slaff. 2. VOLUNTARY INCOME 2024 2023 Offerfng arKI donatlons 3,072 HIGHBURY QUADRANT CONGREGATIONAL CHURCH NOTE8 TO THE FINANCIAL STATEMENTS - CONTINUED YEAR ENDED 310ECEMBER 2024 3. ACTIVITIES FOR GENERATING FUNDS 2024 2023 Sales of donated goods (Second chan￿ charity shop) Lettrng Income - Manse Match day and private parking 101,277 21500 ' 100.365 32,965 123,777 133,330 4. OTHER INCOME Funding from CorKJregation Federation 36.101 42.485 36,101 42885 The above sum was received from Congregatlon Federation to cover oparating costs during the year. 5. COSTS OF GENERATING FLINDS Staff costs Maintenance Insurance Telephone CleanirKJ and fefijse collection Stsff welfare Rent Ratès and water Light and heating Payroll processing costs Printing stationery and subscriptions Bank and Credit card charges Shop consumables Volunteer expenses Sundry expenses Depreaation 43.700 14A41 2,813 710 40 631 16,000 1,842 747 922 832 2,492 275 $05 40 1,214 87,206 46,91S 1,649 1.664 601 1.108 463 14,000 3.639 13.825 918 392 2,834 319 171 95 1.320 89.914 . CHARITABLE ACTIVITIES COSTS 2023 2023 Church Life & Outreach Office & Administration costs Provision for Mlnlstsr Church Rent IBuilding Costs Donats'ons to organisations ( See note 8) Accountancy and Independent examination 272 666 67A23 4,183 6,936 4,630 84,010 548 438 63,754 10,708 1,950 4,245 81,642 Provlsion for Minister has gone up due to the relocatlon to a temporary place following the vacatlon of the Church for devek)pmenL This is being ¢overed by the releas8 of funds from the Congregatlonal Federation. 10 HIGHBURY QUADRANT CONGREGATIONAL CHURCH NOTES TO THE FINANCIAL STATEMENTS - CONTINUED Year Ended 31 December 2024 7. CHARITABLE ACTNMES COSTS Dlrect c¢)8ts Support Costs Tolal 2024 2023 218 463 53,938 272 548 438 63,754 10.708 1.950 4,245 oiru & Plrnini$ts8kn o>sts Proviilon for Mtnl$t•r Church ￿lIdIng Costs 113 13.485 837 67,423 4.183 6,936 4630 6,936 4704 926 15.415 GIFfs TO ORGANISATION8 2024 2023 Donatlon• Paklstan Misglon The Congregallon Federatlon Mari8 Curie Macmillan Cancer Support Rlchard House St Joseph's Hosplc8 EvangelieAI Fellow8hlp Refuge8 Travelllng on Sudays Open Doors M18¢011aneous 14 ¢J￿110n$ £50 80¢* (2022: 21 d(m•lions) 200 290 150 100 100 100 80 1.050 8,936 The largesl donallon of £5.486 vrds rnade to Pakistan Mission Centre In Lahorn knthich was usad to help HQCC Church In Lahore, HQCC So*ing contre.and HQCC s¢hool in Tafnal Guiranwala. 9: GOVERNANCE COSTS.. Accountan￿ and Independent examinalion fe85 4.245 11 HIGHBURY QUADRANT CONGREGATIONAL CHURCH NOTE8 TO THE FINANCIAL 8TATEMENT8- CONTINUED YEAR ENDED 31 DECEMBER 2024 10. TRUSTEES. REMUNEIIATION AND 8ENEFIT8 2024 2023 Provlslon for Mlnlster Mlnl8terf$ Gross salary Emplo￿{ National In$uron¢4 Work pla(* penslon Travel Expense5 Intemet expenses Rat Injuronce and water Flat Heatlng and Llghtlng Tempor8ry Manse rent 34,596 973 1,073 477 396 32.424 630 973 228 1,872 563 27,266 63,754 Provlslon for Mlnister Is hlgher th1¥ year due to c￿8¢ of rentlnglomporary man$? following vacatlng the Churth to begln devolopment. Tru8teos' •xpen80• Tru8le8'8 expon8e8 477 226 11. 8TAFF COST8 2024 2023 Wo968 & 8alarle# Sodal securlty Woik plBca penslon 43,068 45,917 632 Rovd. Shqhnawaz Javed recelved a gros• remuneraUon of £34,59612023 . £32,484), In h18 CApaclty as a Mlnlster and In accord8n¢e with th8 temis of employm8nl, where he Is Tequlred lo Ilve In, rent free a￿0MmOdatIOn Pfovlded by the Church. AS the Manse whlch was provtded as rent free a¢¢ommodallon wa8 demollshed durlng the ye•r lor Ihe pUry￿Se 01 dovglopment. the Mlnl8l•r has been provlded wllh altofnatfve ranted acrJnmod8tlon al 8 Mst of £29.910. Joan Q'oonovan, g Managing Trusteo. recolved gro8$ romunerntlon of £NII durlng the perlod In hgr omployed ¢Apodty a• Ihg Church'8 charlty shop managere88. The •ver8ge numbor of omployees durlng thg perlod was 712023.. 7 }. No employee rK•lvad Emoluments In ex￿8$ 01 £60,000 durfng the ￿•r. No trustee Tecelved any benefits in kind durlng Ihe perlod .{ 2023 £NII) ExcApt the Mlnister who rocolved Iree accommodation al a cogt of £29,910 {2023'. £29,501) . No trustee fo￿lved any relmburnomont of exp8n$o$ durfng the period .{ 2023: £NI Exc8pt the Mlnlster who was relmbufsed travel expenses of £477 12023.. £2261 for journeyJ In Ihe courga of hls dutles whlch is higher than last ygar due lo the dl8tanc4 of Ihe tgmporary accommodation. 12. TANGIBLE FIXED ASSET8 Flxturns and fltt]ng8 FIX1urn￿ FttdTrJJ IMP￿1￿m￿l Totsl Costs Cost al 01.01.2024 Addilions durlng Ihg ygar Cost at 31.12.2024 D8precl•tlon at 01.01.2024 Charge for tho year ae 31.12.2024 NET BOOK VALUE at 31.12.2024 at 31.12.2023 22,990 39,336 2,736 62,331 2,736 19,819 373 4,135 841 24,024 1,214 2,734 3.107 39.829 38.307 12 HIGHBURY QUADRANT CONGREGATIONAL CHURCH NOTES TO THE FINANCIAL STATEMEKfs - CONTINUED YEAR ENDED 31 DECEMBER 2024 13. DEBTORS: AMOUNT8 FALUNG DUE IMThIN ONE YEAR 2024 2023 0￿r Debtors aThd Prepayments 2024 2023 14: Bank and Cash Bolan 110.716 122.857 15. CREDMORS: Amoupifs FALLING DUE wmiiN ONE YEAR 2024 2023 Rent deposit Loans Other creditors and accruals 4,760 4.760 5.361 5,361 16.MOVEMENT IN FUNDS At 01.012024 Not movom•nt At 31.12.2024 UnreslJicted funds 155.625 146.785 TOTAL FUNDS 155,625 17. OTHER FINANCIAL COMMrrMENTS The church had the folkming annual commiknents under wrating bases as follws 2024 2023 Expiring ￿￿thin OM year 18. POST BALANCE SHEET EVEpirs: Subsequent to the balance sheet date. Deacon J O't)ono%*n passed away on 28.09.2025 Also Mr Leo J Mend¢)za resigned and Miss Jumoke Martins was 8le(aed on 18.05.2025. 13