## **The Parochial Church Council of St. Luke’s presents its report to members on activities for the year to 31[st ] December 2024, in accordance with the Charities Act 2011 and statement of recommended practice issued by the Charity Commission.**
## **Legal and Administrative Details**
St Luke's Church Centre, Fernhead Road, London W9 3EH
GOVERNING DOCUMENTS Parochial Church Council Powers Measure 1956 and the Church Representation Rules 2011
## CHARITY REGISTRATION NUMBER 1138030
## MEMBERS OF THE PCC
Appointment of PCC members is governed by the ‘Church representation rules’. As applied to St Luke’s this results in a PCC constituted as follows:
- Vicar (Chair)
- Other Parochial Clergy (ex officio members)
- Church Wardens (elected annually at the APCM)
- Deanery Synod representatives (currently 2, elected every three years)
- Up to 12 members elected at the APCM
The PCC has agreed that PCC members, excluding churchwardens and deanery synod representatives who have served for three years should not stand for re-election for at least one year.
Ex Officio members: Dates Incumbent Alastair Thom from March 2011 Church Wardens Michelle Miller from April 2024 Carol Knevelman from April 2022 Associate Vicar Jackie Barry from March 2011 Curate Katy Hirst from June 2022 Deanery Synod Alan Tuomey from April 2017 Jacqui Newby from April 2023
## Elected members:
|Elected members:||
|---|---|
|Wendy Markland|From April 2012|
|Michael Akeju, Joan Woodall|from June 2021|
|Yanki Darling, Kevin Micklewright,|from April 2022|
|Charles Onyekwere, Esten Mastin, Salome Irungu,
Judith Thom|From April 2023|
|Walter Umpleby, Pansy McFarlane-Edmond, Grace
Sinclair, Charles Okello|From April 2024|
Non-member, elected by and reporting to the PCC Ashleye Gunn (PCC Treasurer)
from January 2014
Page | 1
The PCC meets as a full council approximately 7 times per year, and 6 times a year for task groups. There is a standing committee comprising Vicar, Church Wardens, Treasurer and Secretary.
## **Report of the Parochial Church Council for the year to 31 December 2024**
The PCC has pleasure in submitting the Report and Accounts for the year ended 31 December 2024.
## **Objects of the charity**
The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish, namely St Luke's Church Centre and Flat 1-3, Fernhead Road, London W9 3EH.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
- Offering publicly accessible services of worship according to the liturgy of the Church of England, the main focus being a Sunday morning service each week
- Starting a new monthly service ‘Messy Church’ on the South Kilburn Estate
- Offering a range of midweek activities for church members and the local community, including parent & toddler drop in; craft & games sessions; a wellbeing café; and a youth club
- Offering a summer ‘garden café’ open to members of the public
- Funding a part time youth worker for increased weekly hours (20 hrs/week).
- Continuing to fund 50% costs of curate.
- Continuing to fund an administrator, 15hrs/week
- Enabling the placement of another volunteer for the year from the Berlin Mission
- Supporting the church's mission partners through financial contributions of approximately £15,000
- Continuing to host a weekly community meal bringing together local people and refugees
- Making the church centre available for a wide range of community groups at affordable rates
- Supported some parishioners in financial hardship through small grants
- Supported the construction of six raised beds to be used for vegetable growing by members of the local community
- Supported improvements to the church grounds to create a new path and seating areas
- Agreed to hold a Summer fair and Christmas fair for members of the local community
- Continuing to maintain the church centre, church flats and grounds.
- In addition the PCC continued to support St Luke’s C of E Primary School through the appointment of school governors and providing church facilities for the school in worship, and events
Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts. In planning the activities the PCC has applied the guidance on public benefit issued by the Charity Commission.
Page | 2
## **Financial Review**
During the year income increased to £813,125 (2023: £205,937). The income included a legacy of £604,846. Expenditure increased to £220,952 (2023: £210,475). Income exceeded expenditure by £592,173. The cash held by the charity rose to £705,942 of which £260,990 is unrestricted and can be used for any charitable purpose.
## **Reserves policy**
The PCC has determined that the charity should aim to hold unrestricted cash of no less than one quarter of a year's total expenditure so that the charity could continue to operate should income and/or expenditure vary adversely. On 2024 expenditure this Reserves target is £55,238. At the year end, the charity held unrestricted cash of £705,942, exceeding the minimum reserves target.
In addition, the PCC aims to hold £20,000 in a designated fund at the end of each year. This fund is to support the costs for a curate over the following two years. At the end of 2024 the PCC had met this aim.
The PCC also decided to designate £400,000 of the legacy for Ministry. Ministry related expenditure may include salaries for ministry related posts and Common Fund contributions as well as other ministry expenditure.
## **Governance**
The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules 2011.
The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organises elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies. The members of the PCC are the charity's trustees for the purposes of charity law.
Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC which meets regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a team led by the incumbent.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (which sets out the PCC's obligations to safeguard children and vulnerable adults).
## **Relationships with other charities and related parties**
As part of the United Benefice of St. Luke West Kilburn and Emmanuel Paddington, the clergy members of the PCC, Alastair Thom, Jackie Barry and Katy Hirst are also members of the PCC of Emmanuel Church, 389E Harrow Road W9 3NA.
Alastair Thom is also a trustee of the following UK registered charities: Nigerian Chaplaincy (1031806) and the Paddington Charities: Paddington Charitable Estate (212102), Paddington Relief in Need Charity (810132), Paddington Charitable Estates Educational Fund (312347).
Page | 3
## **Responsibilities of trustees**
Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees on 31 March 2025 and signed on their behalf by Carol Knevelman.
……………………..
Page | 4
## **Independent examiner's report to the trustees of Parochial Church Council of St Luke's West Kilburn**
I report to the trustees on my examination of the accounts of the Parochial Church Council of St Luke's West Kilburn (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the Charity’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
Page | 5
## **Parochial Church Council of St Luke's West Kilburn**
## **Statement of financial activities**
(incorporating an income and expenditure account)
## **For the year ended 31 December 2024**
|**Note**
**Income from:**
Donations and legacies
**2**
Charitable activities
**3**
Voluntary activities
**4**
Other trading activities
Income from investments
**5**
**Total income**
**Expenditure on:**
Charitable activities
**6**
**Total expenditure**
**Net income/(expenditure) before**
**net gains on investments**
**8**
Net gains on investments
Gains on revaluation
**Net income/(expenditure) for the**
**year**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**16**|**2024**
2023
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Total**
Total
**£**
**£**
**£**
604,846
-
-
**604,846**
-
69,492
162
-
**69,654**
56,143
66,639
-
12,404
**79,043**
89,284
14,618
-
-
**14,618**
21,212
10,564
34,400
-
**44,964**
39,298|
|---|---|
||**766,159**
**34,562**
**12,404**
**813,125**
205,937|
||188,177
16,735
16,040
**220,952**
210,475|
||188,177
16,735
16,040
**220,952**
210,475|
||577,982
17,827
(3,636)
**592,173**
(4,538)
-
-
181
**181**
470
-
25,507
-
**25,507**
28,569|
||577,982
43,334
(3,455)
**617,861**
24,501
(367,405)
369,905
(2,500)
-
**-**|
||210,577
413,239
(5,955)
**617,861**
**24,501**
50,413
1,013,903
37,402
**1,101,718**
**1,077,217**|
||**260,990**
**1,427,142**
**31,447**
**1,719,579**
**1,101,718**|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
Page | 6
## **Parochial Church Council of St Luke's West Kilburn Balance sheet**
## **As at 31 December 2024**
|**Note**
**Fixed assets:**
Investment properties
**11**
Investments
**12**
**Current assets:**
Debtors
**13**
Cash at bank and in hand
**Liabilities:**
Creditors: amounts falling due within one year
**14**
**Net current assets / (liabilities)**
**Total net assets / (liabilities)**
**Funds**
**16**
Restricted funds
Designated funds
Unrestricted funds
Total unrestricted funds
**Total funds**|**2024**
**£**
**18,891**
**705,942**|**2024**
**£**
**1,006,401**
**-**
**1,006,401**
**713,178**
**1,719,579**
**31,447**
**1,688,132**
**1,719,579**|**2023**
**£**
5,191
117,148|**2023**
**£**
980,894
5,425|
|---|---|---|---|---|
|||||986,319
115,399|
||**724,833**
**(11,655)**||122,339
(6,940)||
||**1,427,142**
**260,990**||1,013,903
50,413||
|||||1,101,718|
|||||37,402|
|||||1,064,316|
||||||
|||||1,101,718|
Approved by the trustees on 31 March 2025 and signed on their behalf by:
Carol Knevelman **Trustee**
## **CHARITY REGISTRATION NUMBER: 1138030**
The attached notes form part of the financial statements.
Page | 7
## **Parochial Church Council of St Luke's West Kilburn**
## **Statement of cash flows**
## **For the year ended 31 December 2024**
|**Note**
**Cash flows from operating activities:**
Net cash provided by / (used in) operating activities
**17**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
Revaluation on investment Property
Sale/ (purchase) of investments
**12**
**Cash provided by / (used in) investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2024**
**£**
**44,964**
**(25,507)**
**5,606**|**2024**
**£**
**563,731**
**25,063**|**2023**
**£**
39,298
(28,569)
-|**2023**
**£**
(14,718)
10,729|
|---|---|---|---|---|
|||**588,794**
**117,148**||(3,989)
121,137|
|||**705,942**||117,148|
Page | 8
**Notes to the financial statements**
**For the year ended 31 December 2024**
## **Parochial Church Council of St Luke's West Kilburn**
## **1 Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102)
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **b) Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
## **d) Donations of gifts, services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Page | 9
## **Parochial Church Council of St Luke's West Kilburn Notes to the financial statements For the year ended 31 December 2024**
## **1 Accounting policies (continued)**
## **f) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity.
Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes.
Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
- Expenditure on charitable activities includes the costs of delivering services, and other activities undertaken to further the purposes of the charity and their associated support costs.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.
## **i) Fixed Assets**
Consecrated land and beneficed property is not included in the accounts in accordance with Section 10(2) (a) and (c) 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). All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure.
## **j) Investment properties**
Investment properties are included in the balance sheet at fair value and are not depreciated. Any change in fair value is recognised in the statement of financial activities. The valuation method used to determine fair value will be stated in the notes to the accounts.
Page | 10
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **k) Listed investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities.
## **l) Current Assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors. Short term deposits include cash held on deposit either with CCLA Investment Management (manager of the Central Board of Finance of the Church of England’s funds) or at HSBC
## **m) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Revaluations**
In 2023 the PCC, as trustees of the Gladys Covell Memorial Fund, decided that the purposes of the fund could be carried out more effectively if the permanent endowment as well as income (rather than income on its own) could be spent. The endowment fund was converted into a restricted fund. In 2024 the PCC decided that to facilitate the spending of the capital, the shares would be sold. The post-sale balance of £5,605.66 was transferred to the deposit account held with CCLA Investment Management on 27 August which resulted in a gain of £180 where as the revaluation gain on Centre Flats Property Fund was £25,507 during the year and now the property is valued at £1,006,401.
## ~~**2**~~ **Income from donations and legacies**
|Legacies
**Total income from donations and legacies**
**3 Income from charitable activities**|Unrestricted
£
604,846|Designated
£
-|**2024**
Restricted
**Total**
£
**£**
-
604,846|**2023**
**Total**
**£**
**-**|
|---|---|---|---|---|
||604,846|-|-
**604,846**|-|
||||||
||||**2024**|**2023**|
|Charitable Activities
**Total income from charitable activities**|Unrestricted
£
69,492|Designated
£
162|Restricted
**Total**
£
£
-
69,654|**Total**
**£**
56,143|
||69,492|162|-
**69,654**|56,143|
|**4 Income from voluntary activities**|||**2024**|**2023**|
|Voluntary activities
**Total income from voluntary activities**|Unrestricted
£
66,639|Designated
£
-|Restricted
**Total**
£
12,404
79,043|**Total**
**£**
89,284|
||66,639|-|12,404
**79,043**|89,284|
Page | 11
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **5 Income from investments**
|Bank interest
Rent
**6 Analysis of expenditure**
Basis of
allocation
Charitable Grants
Direct
Ministry
Direct
Building
Direct
Church Activities
Direct
Administrative Support
Telephone & Broadband
Printing & Photocopying
Stationery
Postage
Office Equipment
Bank Charges
Computer Software
General Expense
Independent Examination Fee
Support costs
Governance costs
**Total expenditure 2024**|Unrestricted Designated
£
£
10,564
-
-
34,400
10,564
34,400
Charitable
activities
Support
costs
£
£
19,433
-
116,365
-
41,208
-
26,319
-
-
9,401
-
587
-
128
-
622
-
-
-
599
-
216
-
2,754
-
-
-|**2024**
Restricted
**Total**
£
**£**
-
10,564
-
34,400
-
**44,964**
Governance
costs
**2024**
**Total**
£
**£**
-
**19,433**
-
**116,365**
-
**41,208**
-
**26,319**
-
**9,401**
-
**587**
-
**128**
-
**622**
-
**-**
-
**599**
-
**216**
-
**2,754**
-
**-**
3,320
**3,320**|**2023**
**Total**
**£**
5,348
33,950|
|---|---|---|---|
||||39,298|
||||
**2023**
**Total**
**£**
18,556
111,938
44,059
20,134
10,595
470
365
466
18
52
150
772
1,900
1,000|
||203,325
14,307
14,307
(14,307)
3,320
-|3,320
**220,952**
-
-
(3,320)
-|210,475
**-**|
||**220,952**
**-**|**-**
**220,952**|210,475
|
Of the total expenditure £16,040 was restricted (2023: £10,668) and £204,912 was unrestricted (2023 : £199,809) .
Page | 12
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **7 Analysis of expenditure (previous year for comparison)**
|Basis of
allocation
Charitable Grants
Direct
Ministry
Direct
Building
Church Activities
Administrative Support
Telephone & Broadband
Printing & Photocopying
Stationery
Postage
Office Equipment
Bank Charges
Computer Software
General Expense
Independent Examination Fee
Direct
Support costs
Governance costs
**Total expenditure 2023**|Charitable
activities
£
18,556
111,938
44,059
20,134
-
-
-
-
-
-
-
-
-
-
194,687
14,788
1,000
**210,475**|Support
costs
**2023 Total**
£
£
**£**
-
-
**18,556**
-
-
**111,938**
-
-
**44,059**
-
-
**20,134**
10,595
-
**10,595**
470
-
**470**
365
-
**365**
466
-
**466**
18
-
**18**
52
-
**52**
150
-
**150**
772
-
**772**
1,900
-
**1,900**
-
1,000
**1,000**
14,788
1,000
**210,475**
(14,788)
-
**-**
-
(1,000)
**-**
**-**
**-**
**210,475**
Governance
costs|Support
costs
**2023 Total**
£
£
**£**
-
-
**18,556**
-
-
**111,938**
-
-
**44,059**
-
-
**20,134**
10,595
-
**10,595**
470
-
**470**
365
-
**365**
466
-
**466**
18
-
**18**
52
-
**52**
150
-
**150**
772
-
**772**
1,900
-
**1,900**
-
1,000
**1,000**
14,788
1,000
**210,475**
(14,788)
-
**-**
-
(1,000)
**-**
**-**
**-**
**210,475**
Governance
costs|
|---|---|---|---|
|**8**
**Net income / (expenditure) for the year**|||**2024**
**2023**
**£**
**£**
2,600
1,000|
|This is stated after charging / (crediting):||||
|||||
|Independent examiner's fees (net fees excluding VAT)||||
|||||
Page | 13
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
**For the year ended 31 December 2024**
- **9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel**
||Staff costs were as
follows:|Staff costs were as
follows:|Staff costs were as
follows:|||||||||**2024**|||2023|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||**£**|||£|
||Salaries and wages|||||||||||**27,744**|||25,219|
|||||||||||||**27,744**|||25,219|
There were no employees who received employee benefits exceeding £60,000 (excluding employer pension) during the year.
The charity trustees were not paid or received any other benefits from employment with the Trust or its subsidiary in the year (2023: £nil) neither were they reimbursed expenses during the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).
During 2024 the PCC employed a part-time cleaner, a part-time office assistant and a part-time youth worker. None of these posts has an annual salary of more than £25,000. No other members received any salary from the PCC.
Alastair Thom and Katy Hirst, clergy members of the PCC, received a stipend from the Diocese. The cost of these stipends is not included in the staff costs however it should be noted that some of the Parish share is used to help pay Mr Thom’s stipend. Ms Hirst as Curate is a ‘locally supported minister’ and St Luke’s is responsible for the housing and stipend costs. There is a grant from National Church which is claimed by the Diocese for 50% of the costs. For Ms Hirst’s stipend the Diocese charges St Luke’s for 50% of the costs and the London Diocesan Fund uses an element of the grant to cover the other 50%.
Mr Thom and Ms Hirst were provided with accommodation (which is customary for clergy). The Diocese covers the cost of repair for Mr. Thom’s accommodation and the PCC covers the cost of decoration. The PCC covers the upkeep and repair costs of Ms Hirst’s accommodation. The Diocese pays St Luke’s 50% of the costs for the estimate rental income lost on Ms Hirst’s housing, council tax and water rates.
Mr Thom incurred expenses whilst serving as clergy of £363 and Ms Hirst of £220.99. The expenses payments were made with the legal authority of the PCC Powers Measure 1956.
**10 Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
Page | 14
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
|**11**
**Investment Property**||||
||**Total**
**2024**
**£**
980,894
25,507
**1,006,401 **
**1,006,401 **
980,894|
|---|---|---|---|---|---|---|
||||**Centre**
**Flats**
**Property**||||
|**Cost**|||**£**||||
|At the start of the year|||980,894||||
|Revaluation during the year|||25,507||||
|At the end of theyear|||**1,006,401 **||||
||||||||
|**Net book value**|||||||
|**At the end of theyear**|||**1,006,401 **||||
||||||||
|_At the start of theyear_|||980,894||||
|All of the above assets are used for charitable purposes.|||||||
||||||||
||||||||
|**12**
**Investments**|||**2024**|||**2023**|
||||**£**|||**£**|
|Investment|||**-**|||5,425|
||||**-**|||5,425|
||||||||
||||||||
|**Movements**|||||||
|Market value at the start of the year|||**5,425**|||4,955|
|Additions at cost|||**-**|||-|
|Disposals at carrying value|||**(5,606)**|||-|
|Net gain / (loss) on revaluation|||**181**|||470|
|Market value at the end of the year|||**-**|||5,425|
||||||||
|**13**
**Debtors**|||||||
||||||||
||||**2024**|||**2023**|
||||**£**|||**£**|
|Trade debtors|||1,182|||1,541|
|Accrued income|||17,709|||3,650|
||||**18,891**|||5,191|
Page | 15
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
**For the year ended 31 December 2024**
|**14**
**Creditors: amounts falling due within one year**|**2024**
**£**|**2023**
**£**
-
6,940
-
6,940|
|---|---|---|
||||
||||
|Trade creditors|26||
|Accruals|11,487||
|Deferred income|142||
||**11,655**||
## **15 Analysis of net assets between funds - current year**
|Investment properties
Net current assets
**Net assets at the end of the year**|General
unrestricted
£
-
260,990|Designated
£
1,006,401
420,741|Restricted
**Total funds**
£
**£**
-
**1,006,401**
31,447
**713,178**
31,447
**1,719,579**|
|---|---|---|---|
||260,990|1,427,142||
## **Analysis of net assets between funds - previous year**
|Investment properties
Investments
Net current assets
**Net assets at the end of the year**|General
unrestricted
£
-
-
50,414
-|Designated
Restricted
Total funds
£
£
£
980,894
-
**980,894**
-
5,425
**5,425**
33,009
31,976
**115,399**
-
-
**-**
1,013,903
37,401
**1,101,718**|
|---|---|---|
||50,414||
Page | 16
## **Parochial Church Council of St Luke's West Kilburn**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
|**16**
**Movements in Funds - Current Year**
£
**Restricted funds:**
Youth Work - Youth Worker Fund
27,981
Hardship - Hardship Fund
503
OverseasM - Overseas Mission Fund
2,500
Relief - Relief Fund
648
Secular - Secular Charities Fund
345
Covell - Covell Memorial Fund
5,425
**Total restricted funds**
**37,402**
**Unrestricted funds:**
**Designated funds:**
Ythcmp - Youth Camps Fund
217
Ywrkcurate - Youth worker and curate Fund
20,000
MotherUn - Mothers Union Fund
362
MIN - Ministry Fund
-
Reserve - Reserve Fund
-
BldRsv - Building Reserve Fund
12,430
Flats - Centre Flats Fund
-
FlatsPrope - Centre Flats Property Fund
980,894
**Total designated funds**
1,013,903
**General funds**
50,413
**Total unrestricted funds**
**1,064,316**
**Total funds**
**1,101,718**
**Movements in Funds - Previous Year**
**Restricted funds:**
Youth Work - Youth Worker Fund
23,075
Hardship - Hardship Fund
571
HomeMissio - Home Mission Fund
61
OverseasM - Overseas Mission Fund
2,500
Relief - Relief Fund
-
Secular - Secular Charities Fund
111
Covell - Covell Memorial Fund
4,955
Covell - Covell Memorial Fund
-
**Total restricted funds**
31,273
**Unrestricted funds:**
**Designated funds:**
Ythcmp - Youth Camps Fund
315
CommCafe - Community Café Fund
-
Ywrkcurate - Youth worker and curate Fund
40,000
MotherUn - Mothers Union Fund
362
Reserve - Reserve Fund
2,000
BldRsv - Building Reserve Fund
3,510
Flats - Centre Flats Fund
1,091
FlatsPrope - Centre Flats Property Fund
952,325
**Total designated funds**
999,603
**General funds**
46,341
**Total unrestricted funds**
1,045,944
**Total funds**
1,077,217
**As at 1**
**January**
**2023**
**As at 1**
**January**
**2024**|£
27,981
503
2,500
648
345
5,425
**As at 1**
**January**
**2024**|£
8,620
2,088
1,375
100
222
181
Income &
gains|£
12,501
1,488
1,375
110
566
-
Expenditure
& losses|£
**£**
-
24,100
-
1,103
(2,500)
-
-
638
-
-
-
5,606
**At 31**
**December**
**2024**
Transfers|
|---|---|---|---|---|
||**37,402**|**12,585**|**16,040**|**(2,500)**
**31,447**
-
217
-
20,000
-
362
400,000
400,000
526
162
-
-
(30,621)
-
-
1,006,401|
|||-
-
-
-
162
-
34,400
25,507|-
-
-
-
526
12,430
3,779
-||
||1,013,903|60,069|16,735|369,905
1,427,142
(367,405)
260,990|
||50,413|766,159|188,177||
||**1,064,316**|**826,228**|**204,912**|**2,500**
**1,688,132**|
||||||
||**1,101,718**|**838,813**|**220,952**|**-**
**1,719,579**
-
27,981
-
503
-
-
-
2,500
319
648
-
345
(4,955)
-
4,955
5,425
**At 31**
**December**
**2023**
Transfers|
||23,075
571
61
2,500
-
111
4,955
-
**As at 1**
**January**
**2023**|14,338
1,032
-
-
329
310
-
470
Income &
gains|9,432
1,100
61
-
-
76
-
-
Expenditure
& losses||
||31,273|16,478|10,668|319
37,402
-
217
(199)
-
(20,000)
20,000
-
362
-
-
-
12,430
(23,802)
-
-
980,894|
|||-
199
-
-
500
8,920
33,950
28,569|98
-
-
-
2,500
-
11,239
-||
||999,603|72,138|13,836|(44,001)
1,013,903
43,682
50,413|
||46,341|146,360|185,970||
||1,045,944|218,498|199,807|(319)
1,064,316|
||||||
||1,077,217|234,976|210,475|-
1,101,718|
Page | 17
**Parochial Church Council of St Luke's West Kilburn Notes to the financial statements**
**For the year ended 31 December 2024**
## **Purposes of restricted funds**
**Youth Work - Youth Worker Fund:** For donations specifically funding Youth Work **Hardship - Hardship Fund:** For donations specifically for grants or loans to individual church members in hardship **OverseasM - Overseas Mission Fund:** For donations specifically for organisations St Luke's is supporting in Christian mission overseas
**Secular - Secular Charities Fund:** For church collections for particular non-Christian charities **Covell - Covell Memorial Fund:** Legacy left to church for youth and children's work
## **Purposes of designated funds**
**Ythcmp - Youth Camps Fund:** Funds set aside for funding young church members who couldn't otherwise afford it to attend summer youth camps
**Ywrkcurate - Youth worker and curate Fund:** Funds set aside for funding curate costs (and originally youth worker costs) in the following two years, if needed
**MotherUn - Mothers Union Fund:** Funds for St Luke's Mothers Union group
**MIN - Ministry Fund:** Funds set aside to cover future Ministry costs
**Reserve - Reserve Fund:** Funds set aside for particular upcoming activities e.g. donations towards Parish Weekend Away
**BldRsv - Building Reserve Fund:** Funds set aside to pay for work on the church centre (usually used for insurance claim payouts)
**Flats - Centre Flats Fund:** For rental income from the Church Flats and costs of upkeep and refurbishment **FlatsPrope - Centre Flats Property Fund:** The insurance valuation of the Church Flats
## **17 Reconciliation of net income / (expenditure) to net cash flow from operating activities**
|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Interest, rent and dividends from investments
(Gains)/losses on investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**|**2024**
**2023**
**£**
**£**
617,861
24,501
(44,964)
(39,298)
(181)
(470)
(13,700)
(1,837)
4,715
2,386
563,731
(14,718)|
|---|---|
## **18 Related party transactions**
During the year a sum of £1,500 was paid to Emmanuel Church for the Emmanuel Church Pantry and £945 was paid to Kevin Micklewright for repair and refurbishment work at the Church Centre and Vicarage. (In 2023: £1,500 was paid to Emmanuel Church for the Emmanuel Church Pantry. £2,425 was paid to Kevin Micklewright for repair and refurbishment work at the Church Centre and Vicarage. £1,000 was donated to the Nigerian Chaplaincy as part of St Luke's Mission Giving.).
Page | 18