Charity number: 1138421 SIGNING copy ST ANDREW'S CHURCH, ENFIELD UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GSM&Co Griffin Sione Moscroo & Co 100 YEARS
Oocu8lgn Envelope ID,. 92858081-9F9C4E08-9E10-6A88AFED5556 ST ANDREW'S CHURCH, ENFIELD CONTENTS Page Reference and admlnlstratlve detalls of the church, its Trustees and advlser5 Trustees, report Independent examlner'8 report Statement of financial actlvltlès Balance sheet Notes to thg financlal stat8m8nis 7-23 Griffin Stone Moscrap & Co CHA[EREDAclciI1TN4TSATrEGTEhEDAu[¥TOR5
Do¢usign Envelope ID.. 92B58081-9F9C-4E08-gEqO-8A8eAFED5556 ST ANDREWS CHURCH, ENFIELD REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Revd. Dr. Stev8 Griffiths. Chair Pau5 Edwards, Warden Ch8rfa Emblgton, Warden lappolnted 19 May 20241 -Dinos Kousoulou,'Secrelary Ruth Mackey, Deanery Synod Rlchard Bunce, Deanery Synod and LLP {appolnt&d 19 May 2024) Lowri Banfleld, Lay rep Louise Sear, Lay rep (appointed 19 May 20241 Tony Leach, Lay rep Mark Thebridge, Lay rep Irina Ponizova, Lay rep Steph8n Driver, Lay rep (Treasurer) (appointed 19 May 2024) Oliv8 Cope, Lay rep Dorothy Kousoulou, CD-OPted Kat18 Chapman. Lay rap {appoinl8d 19 May 2024) Geraldine Clark, Lay rep lappoint8d 19 May 20241 Damlan Browne, Lay rep (appolntéd 19 May 20241 Roger Aryton, Lay rep (appointed 19 May 2024} Debbie McGill, Wsrden {reslgned 19 May 2024) Laura Bruce, Treasurer Ireslgned 19 May 20241 Lekish Atkinson, Lay rep {resigned 19 May 20241 Tracey Jenkins, Lay rep (Saleguardingl (resigned 19 May 2024} Alison Paing, Lay rep (resigned 19 May 2024) Chartty r8gist8red number 1138421 Principal office 36 Silver Street Enfisld Middlesex EN13EG Accountants Griffin Stone Moscrop & Co Chartered A¢countsnts 21-27 Lamb's Condult Street London WC1N 3GS Pag8 1 Grlffin Stone Moscrop & Co IXI]{EDP£CQUAM&PECdSEDAuTrnop5
Docu81gn Envelope ID- 92B58081.9F9NE08-9E10-6A86AFED5556 ST ANDREW'S CHURCH. ENFIELD TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present thelr annual report together with the financial statements of Th8 Parochial Church Counell of th8 Ecclesiastical Parish of St. Andrew'$, Enfield {Ih6 church) for th8 year 1 January 2024 to 31 D8camb6r 2024. Th6 Trustees confirm that the annual raport and finandal stat6m8nt$ of thg church comply with tha currént statutory requirements, th? requirements of the church's governing document and thè provislons of th6 Statement of Recommended Practice ISORP>, applicabla to charities preparing their accounts in accordanc@ with th& Financial Reporting Standard epplic3ble in the UK and Republic Df Ireland {FRS 1021 {8ff8Ctive from October 20191. Objectlves and activltles a. Activities undertak6n to achleve objectlves Th8 primary object of the PCC is the promotion of the Gospel of the Lord Jesus, St. Andre¥$ PCC has tha responsibility of co-operating with the Incumbenl in promoting in the eIe$lastical parlsh the whole mission of the church, pastoral, soclal and ecumenical. It also has maintsnance responsibility for tha chapel of rest. The Incumbent and the PCC have consid8red the Charity Commissioner's guidanc8 on public beneffit and, in parli¢ul8r, the spaclflc guidance on charit188 for the advancement of r81igion. W8 try to achieve our objectives by carrying out a range of acllvlti88 for the ben8fit of the parish and m6mb@rs of our congregation, including Sunday worship, small groups, church prayer gatherings, and other social events for the church family. Children'$ groups meet regularly during Sunday morning services. Th8 Church Building is open l¢e weekly for private prayer. b. Public Benefit Stat8m8nt In producing their assessment of the benefit provided by the charity, the PCC confirm that they have complied with the duty in Section 4 of the Charllies Acl 2006 to have due regard to the Charlty Ccmmlsslon's general guidancè on publlc ben8fit and. in particular. the specific guidance on the advancement of rellglon for the public benefit. Achievements and p8rformanc6 a. Review of actlvltles The PCC met five times during 2024. Th8 minutes of the meetings are on the church website. In September we welcomed Archdeacon John Hawklns for hfs Archd8a¢on's Visitation. At the 2024 APCM, new membars of th8 PCC were elecled. At the first meeling after the APCM, Paul Edwards was elected a8 Saleguarding Officer, Dinos Kousoulou continued as PCC Se¢relary and Stephen Drlverwas appointed as Treasurèr. The PCC has dealt with a number of major developmenls in 2024. These actions have béèn d8v8lop8d as a resuEI of the Mission Action Plan, launched in March 2019. They include., employing a Children & Famili8s Worker, the running of short study Courses, Implementation of Compliance policies, developmént of various online and inbuilding ministries. and fabric work in the Church to address ongoing mainlenanca needs. Financial review a. Golng conc8rn After making appropriate enquiries, the Tru8te8s have a reasonable expectation that the chUh has adequat6 rèsources to contlnue in operational existence for the foreseeable future. For this reason, Ihey continue to adopt the golng concern basis in preparing the financial statements. b. RaseNes policy It is the PCC policy to maintsin a balance on unreslricled funds {if po88iblel, which equates to approximately thre8 months of unrestriclad payments lo cover emergency situations and payroll commitments that may arise from time to lime. It is our policy to hold fttnds that are not needed to defray immediats expenditure within a CBF Church of England D8PO8It Fund, Page 2 Griffln Stone Moscrop & Co CFl4RTERFDCNTrN&pElSTEEDUD1TO
Docusign Envelope ID.- 92B58081-9F9C4E08-9E10-6A86AFED5556 ST ANDREW'S CHURCH. ENFIELD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial performance 2024 Unrestricted income of £267,10412023 - £743,457} and unrestricted expenditure of £223,22Q12023 - £186,381), gave rlse lo a surplus this year on unrgstricled funds of £43,88412023 - £557,096>, After some restricted fabric expenditure, Ihls urplus Is reduced by £12,15612023 - £11,977). Our finances are under control and wè are ablè to meet our normal short- and mèdlum-tem needs. How&ver, it has to bg mentionad again that we will continue to in¢ur significant repair Costs as we attend lo works identified in the Quinquènnial Looking forward in 2025 we are planning to make further progress with the fabric projects, and to Spend money on developing other initiatives for the church. We will aim to retain our surplus Sltuation for year-end 2025. Structure. governance and managem6nt a. PCC Membershlp Members of the PCC are either ex-offioio. or elected at the Annual Parochial Church Meeting IAPCM} in accordance ¥th Church R8prèsentation Rules, The method Df appointment of PCC m8mb8rs is sel out in the Church Repr88entation Rul88. All church att8nd88s are encour8ged lo register on the Electoral Roll and sland for election lo the PCC. Plans for future periods We aim to employ a Pari8h Assistant in the coming year to engage wtth p2Storal ministry 28 well as Children & Families Ministry. We will continue to undertake nec888ary fabric repairs and explore further restoration works to th8 building. We will continu8 to strengthèn lay participation in leadership roles and encourage wider volunteering for other mini?tries. Approved by order ofthe members ofthe board ofTrustses and signed on their half by= gtLVL &ifftLs Revd. Dr. Steve Grlfflths {Chair of Trugtèesl Date.. 18 May 2025 Page 3 Griffln Stone Moscrop & Co CH4RIEREDI£CQuWPNpEfjSrEFEDDI[o
Docuslgn Envelope ID,, 92B58081.9F9C_4E08_9E104A86AFED5556 ST ANDREW'S CHURCH, ENFIELD INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent axaminer's raport to the Trustees of St Andrews Church, Enfi8ld ('the church'} I report to thè charlty Trustees on my examination of th8 account8 of tha church for the year ended 31 December 2024, This rèport is mada solély to th8 church's Truslees, as a body, in accordance with Part 4 of the Charities IAccount$ and Réports) Regulations 2008. My work has been undertaken 80 that I mlghl state to the church's Trustees thos8 matters l am required to slate to them in an independent examinerfs report and for no other purpose. To the fullest extent rMitted by .law, I do not accept or assume re5ponsibllily to anyone other than the church gnd the ehurch's Trust88s a8 a body., for my work or for Ihls report, Responsibilities and basls of report As the Trvslees of the church you are responsible for the preparatlon of the accounts in accordanc6 with the requir8mgnts of the Charities Acl 2011 ('the 2011 A,). I reporl in raspect of my axamlnation of th8 church's accounts carried out under Section 145 of the 2011 Act gnd in carrying out my axamination I hav$ followed the applicable Directions given by the Charity Commission under soction 14515)(b) of th8 2011 ACL Independent examlner's stat8m8nt Since thé church's gross incom6 exc86ded £250,000 your ex2min8r must b8 a tmember of a bi)dy listed in section 145 01 the 2011 Act. I confi¥m that l am qualified to undertake the examination bec8use l am a member of ICAEW, which is one of the listed bodie8. Your allention is drawn to the fact that Ihe church has prepared the a¢UnIS in accordanc6 wlth Accounting and R8porting by Ch8ritie5.' Statement of Recommended Practice applicable to charities prèparfng th8lr accounts in accordance with the Flnanclal Reporting Standard applicablè in thè UK and R8publlc of Ireland {FRS 102) in pr&f8rencE+ to the Accounling and Reporting by Charities.. Ststemènt of R6comm8ndad Practice issued on 1 April 2D05 which is referred ID in the extsnl regulations bul has baen wtthdrawn. l und8rstand that this has be8n done in order for Ihe accounts lo provide a true and falr vlew in accordan with the Generally Accepted Accounting Practi effective for reporknng perlods beglnning on or after 1 January 2015. I have completed my examination. I confirm that no matters have com8 to My attention in connection with the examination glvlng me cause to believe that in any malerfal raspecl,. accounting r8wrds w&re not kept in rasp8d of the church as required by section 130 of the 2011 Act,. or the account5 do not accord with those records,. or the accounts do not comply with the appli&qble requiremants concerning th8 form and content of 8¢¢ounts sel out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matt8r considered as part of an independenl examination. I have no concem3 and have come across no other matters in connection wlth tha axamlnation to which attention should bé drawn In this report in order to enable a proper understandlng of th8 accounts to be reached. Thls réport is madè solely to the ¢hurch's Trustees, as a b(Kly, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work hss been undartakan so that I might slate to the church's Trustees those matters l am required to statè to them In an Indèpendent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assum8 responsibility to anyone other than the ¢hurch and the church's Trustees as a body, for my work or for this report. Signed: Dated: 22 May 2025 Robert Smith FCA Griffin Ston8 Moscrop & Co Chartered Accountants 21-27 Lamb's Condult street London WC1N 3GS Page 4 Griffin Stone Moscrop & Co CFWITDTrl1F5&lEaSTEREDJDRs
DoGusign Envelope ID.. 9zB58081-9F9c-4E08-gE16A86AFED5Ss6 ST ANDREW'S CHURCH, ENFIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Note Income from: Donations and legacies Charitable activities Investments other income 74 72,372 145,000 2,473 47,259 72A46 146.000 2,473 47,259 596, 745 145, 000 1,147 866 Total Income 74 287,104 267,178 743, 758 Expenditure on., Raising funds Charitable activities 57 223,163 57 103 198,536 12,230 235,393 Total exp8ndilur8 12,230 223,220 235,460 t98, 639 Net movement in funds (12,156) 43,884 31,728 545, 719 Reconcillatlon of funds: Total funds brought forward Net movement in funds 35,294 (12,156) 693.197 43,884 728,491 31,728 183,372 545, 119 Total funds carrled fOard 23,138 737,081 760,219 728,491 Tha noles on pagas 7 10 23 form part ofthese financial ststements. Page 5 Grlffln Stone Moscrop & Co (XIRIEREDACCNTlNTs&WsrEREDAuffo
Docu81gn Envelope ID.. 92B58081-9F9C4E08-9EIO-6A86AFEDS556 ST ANDREW'S CHURCH, ENFIELD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets Investment8 10 11 602 29,769 1,518 30,361 1,318 Current assets Debtors Cash at bank and in hand 12 274,892 471,083 544,047 207,905 745,975 751, 952 Creditors: amounts falling due wilhin cne yaar 13 (16,117) (24, 779J Net current assets 729,858 727,173 Total assets less current Ilabllltles 760,219 728,491 Total net assets 760,219 728,491 Charlty funds Restricted funds Unrestricted funds 14 14 23,138 737,081 35, 294 693.197 Total funds 760,219 728,491 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Revd. Dr. Steve Griffiths {Chair of Trustee81 Dale.. 18 May 2025 The notes on pages 7 to 23 form part of these flnancial statements. Page 6 Griffin Stone Moscrop & Ca cHTERED£COlTr4TNEl[S1EGlSTERETr AUt¥TO
Docuslgn Env61op6 ID.. 92B58081-9F9C.4E08.9E10.8A8eAFED555fj ST ANDREWS CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies 1.1 Basls of preparatlon of flnancial Statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statem8nt of R8commended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Cf Ireland {FRS 102) {effedive 1 January 2019), the Financial R8POrting Standard applicable in the UK and Rapublic of Ireland IFRS 1Q2) and the ChariEies Act 2011, The financial statements have been prepared to give a 'true and fair, vi8w and hav8 departed from the Charities (Accounts and R8POrts) R8gulation8 2008 only to th8 6Xtent required to provide a Yrue and fairf view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Stal8ment of Recommended Practice effective from 1 April 2005 which has since been withdrawn. St Andrew's Church, Enfield meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless oth8nMise stated in Ihe r818vant accounting policy. 1.2 Income All income is recognised once the church has entitlemenl lo the income, it is probable that th& income will be received and the amount of incom& receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy gxists when the church has sufficient 8vidence that a gift hss been lefi to them (through knowl8dg8 of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised wh&n it is probable that it will be r&ceived and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the church, Can be reliably measured. Coll8Ctions ar8 recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid 18 also recognised when received, Income tsx recoverable on Gift Aid donations is recognised when the und8rlying income is recognised. For legacies, entitlemenl is taken as the earlier of the date on whi¢h eith&r.' th& church is aware that probate has been granted, the estate has been finalised and notrfication has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estsle. Receipl of a legacy, in whole or in part, 18 only considered probable when the amount can be measured reliably 8nd the church has been notified of the executor's intention lo make a dislribution. Rentsl incom8 from the fomial letting of church premises is recognised in the SOFA in the accounting period to which Ihe rental pertains. Page 7 Griffin Stone Moscrop & Co CHARTED((XmlT*NTSfiEo6TEPEDALtOrts
Docuslgn Envèlope ID.. 92B58081-gFgC.4E08-gE1(k6A86AFED5556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng pollcles Icontlnued) 1.3 Expendlture Expenditure is recognis6d onc6 th8r8 is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlernent and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that aclivity. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infcrmation in support of the charitable activities. Support costs are those costs incurred dir8Ctly in support of expenditure on the objecls of the church. Governance costs are those incurred in connection with administration of Ihe church and compliance with constitutional and statutory requirerrents. Costs of g8nerating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activiti8s ar8 Costs incurr8d in relation to carrying cut the church's ministry. These include support costs and costs relating to the governance of the church whlch are apportioned to charitable activities. Expenditure on raising funds includes all expenditure incurred by the church to raise funds for its charitable purposes and includes costs of all fundraising activities 8V8nls and non-charilable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the church's objectives, as well as any associated support costs. All expenditure is inclusive cf irrecoverable VAT. 1.4 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church,. this is normally upon notification of the int8r8St paid or payable by the bank. 1.5 Tangible fixed assets and depreclatlon CDnsecrat8d and b8nefice property of any kind is excluded from the financi81 statements by section 10(2}{cl of the Charities Act 2011. Moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. For such alienable property there is insufficient cost infomation available and therefore such assets are not valued in the financial slatements. All expenditure incurred during the year on consecr8led or benefice buildings or on repair or replacement of church furnishings is expensed within th8 Statement of Financial Adivitias. Page 8 Grfffin Stone Moscrop & Co CHi[EREDCNtANrs&mGyERe0AUp1YoRs
DocLJslgn Envelope ID.. 92B58081F9c4Eo&9El DA86AFE05556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles {continugd) 1.5 Tangible fixed assets and depreclation (contlnued) Tangibl& fix&d assets are carried al cost, net of d8precialion and any provision for impairmenl. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Office equipment Computer equipment 330/0 on straight line 33 % on straight line 1.6 Inv8Stm8nt8 Fixed asset Investments are a form of financial instrument and are inilialty recognised at their transaction cost and subsequently measured at fair value at th@ balance sh6el dal8, unless the value cannot be measured reliably in which case il is m8asured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments, in the stat8m8nt of financial activities. 1.7 Debtors Trade and olh8r debtors ar8 recognised at thg settlement amount after any Irad8 discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and in hand includes all cash held. .9 Liabilities and provisions Liabilities ar8 recognised when there is an obligation at th8 balanc8 sheet dat8 as a result of a past 8V8nt, it is prob8ble that a transfer of economic benefit will be required in settlement, and the emount cf the settlement can be estimated reliably, Liabilities are recognised at the amount that the church antiClP8tes it will pay to settle the debt or the amount it has received as advanced p8yments for the goods or 5eNices it must provide. 1.10 Financial instruments The church only has financial assets and financial liabilities of a kind thal qualify as basic financial instruments. Basic financial instruffl8nts are initially recognis8d at transaction value and subsequently measured al their settlement value. 1.11 Panslons The church operates a defined contribution pension scheme and Ihe pension charge represents the amounts payable by the church to the fund in respect of Ihe year, Page g Griffin Stone M05crop &Co CHARlEPdNfANySRESrERLVULyT(S
Docu81gn Envelope ID.. 92B58081.9F9C4E08-gE104A8eAFED5556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles (contlnued) 1.12 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the church and which have not been desisnated for other purposes. Restricled funds are funds which are tc be used in accordance with specific restrictions imposed by donors or which have be8n raised by the church for particular purposes. The costs of raising and administering such funds are charged 8gainsl the specific fund. The aim and use of each restricted fund is set out in Ihe notes to the financial statements, Page 10 Griffin Stone Moscrop & Co cpNtrDCQUNT4Nv5&(l5FEBEDMK5
Docusign Envelope ID.. 92U58081-gF9C-4E08-gE10-6A8eAFE05566 ST ANDRPIV'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and18gacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Donations Tax recoverable 74 58,867 13,505 68,941 13,506 Total 2024 74 72,372 72,446 Rgstrictsd Unr8Strict funds funds 2Q23 2023 Tot81 funds 2023 Donations Legacies Grants Tax recoverable 48,573 540,000 48.573 54Q,OQO 301 7,871 301 7,871 Tot812025 301 596,444 596, 745 Page11 Giiffin Stone Moscrop & Co cHTEREDAccCMt1NT5&RE.GIS1ER[MTc5
Docuslgn Envelop6 ID.. 92B58081_9F9C_4EO&gE10-6A88AFED5556 ST ANDREWS CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activltlos Unrestrlcted funds 2024 Total funds 2024 Lease of Parish Centrs Parking Rent of flat Sub stalion rent 120,000 12,000 12,000 1,000 120,000 12,000 12,000 1,000 Total 2024 145,000 145,000 Unrestricted funds 2023 Total funds 2023 Laase of Parish Centre Parking R8nt of flat Sub station r8nt 120, 000 12,000 12,000 1,000 120,OQO 12.OQO 12,OCKI 1,000 Total 2023 145,000 145,000 Investment Income Unrestricted funds 2024 Total funds 2024 Bank interest 2,473 2,473 unstrICted funds 2023 Total furlds 2023 Bank interest 1, 147 1, 747 Page 12 Grlffln Stone Moscrop & Co (FITED#0L[s®T.DARS
Docuslgn Envelope ID.. 92858061-9F9C.4E08.9E10-6A86AFED5556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 othor Incomlng resources Unrestrlcted funds 2024 Total funds 2024 Recognition of CCLA funds 47,259 47,259 Untssfricted funds 2023 Total funds 2023 PCC fees 866 866 Page13 Grfffin Stone Moscrop & Co CHAR[FRED[aUNTN&TEREDD7T0
Docusign Envelope ID.. 92B58081-gFgC.4E08-9&10-6A8fjAFED5556 ST ANDREWS.CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysls of expenditure on charitable activities Summary by fund type Ra8trl¢t8d Unrestricted fund8 funds 2024 2024 Total 2024 Church activities 12,230 223,163 235,393 R8Stricf8d Unrestricted funds funds 2023 2023 Total 2023 Church activilies 12,278 186,258 198,536 Summary by expenditure type Staff costs Other costs 2024 2024 Total 2024 Church acltvities 27,545 207.848 235,393 Slaff costs Oth8rcosts 2023 2023 ToÈal 2023 Church activities 22,088 176,448 198, 536 Page 14 Grlffin Stone M05crop & Co cTEAD[N[&TsREGISlE}UL¥'r0YtS
Docusign Envalopè ID.. 92B580814F9C.4E08-9E10-6A86AFED555e ST ANDREW'S CHURCH. ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of axpendlture by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Church activities 157,942 77,451 235.393 Activitigs und8rtak@n direGtIy 2023 Support costs 2023 Total fvnds 2023 Church activities 717,564 80,972 198,536 Analysis of direct costs Totsl funds 2024 Total funds 2023 Staff costs Missionary and Charitable Giving Ministry: Diocesan Quota Ministry= Clergy Exp8nses Maint8nance.' Parish Centre Flowers Wages and Salaries 27,545 857 22,088 106,825 10,002 720 72,410 7,356 1.783 10,210 1,338 14,374 Total 2024 157,942 117,564 Page15 Griffin Stone M05crop & Co CWrEREDCOuNTWT3sREIS[ElEDAlUT
Docuslgn Envolope ID.. 92B58081-gF9C-4E08-gE104A88AFED5556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activities (continu8d Analysls of support costs Total funds 2024 Total funds 2023 Heat, Lighl and Water Maintenance: Church Vicarage Insuranc8 Sundry Expenses Parish office administration Festes and Fundraising events Consultancy charged to MABS fund Depreciation Restoration project expenditure Bank charges Cleaning, rubbish dispos81 and p8St control Consultancy fees Governance costs 16,436. 6,154 8,355 3,167 14,362 5,000 20,541 11,839 8,023 4,424 11,481 134 1,864 7,900 265 7,437 4,244 2,820 716 12,188 279 8,245 2,660 Totsl 2024 77,451 80,972 Page 16 Griffin Stone Moscrop & Co CHARTD1EDxcLTl[s&EGTERi.AUwP&
Docuslgn Envelope ID.. 92B58081-9FgC4E08-9E10-6A88AFED5556 . ST ANDREWS CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2Q23 Wages and Salaries Contribution to defined contribution pension Schemes 27,125 420 21,668 420 27,545 22, Q88 Tha avèrage number of person8 employ8d by the church durlng the year was as follows: 2024 2023 No. Part time staff No employee received r8mun8ratlon amountlng to more than £80,000 in 8lther year. Key management personnel comprise th8 PCC memb8rs and they recelved no remuneration in the year (2023- the same). Th8 church contributss to the Diocessn Common Fund and the incumbont is remunerated directly by the Dio(*se. Trustees. expenses During the year ended 31 Decembar 2024, expenses tolalling £18,117 (2023 - £6,082) wère reimbursed or paid directly to 6 Trustees (2023 - 5 Trust8es}. Page 17 Griffin Stone Moscrop&Co cHAKrlE0C(0UNfAMfs&pEGlS[ERIwL1[
Docuslyn Envelope ID- 92858081-gFgc4E08-9ElO-eA86AFED5556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Tanglblé fixed assets Plant and machinery Computer equipment Total Cost or valuation At 1 January 2024 1,170 5,765 6,925 At 31 December 2024 1,170 6,756 6,925 Depreclatlon At 1 January 2024 Charge for the year 423 390 5,184 326 5,807 716 At 31 December 2024 813 5,510 6,323 Net book value At 31 December 2024 357 245 602 At 31 D9C9mber 2023 747 571 1,318 Page 18 Griff in Stone Moscrop & Co cHARlmAtCCKTANrSKslERfDIDr[0
Docusign Envelope ID.. 92B58081-9F9C-4E08.gE1(k6A86AFED5556 ST ANDREW'S CHURCH. ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Flxed ass8t investments Llsted Invostments Cost or valuatlon Additions 29.759 At 31 Dacember 2024 29,759 Net book value At 31 December 2024 29,759 12. Debtors 2024 2023 Du8 after more than one year other debtors 243,000 270,000 243,000 270,L Due within on8 year Prepayments and accrued income Tax recoverable Legacies receivable 250 4,642 27.000 1,791 2, 256 270, 000 274,892 544,047 13. Credltors." Amounts falling dua within one year 2024 2023 Invoices owed to suppliers Accruals and deferred incom6 46 16,071 46 24, 733 16,117 24, 7T9 Page 19 Grlffln Stone Moscrop & Co Ctrt4RfEREDD£COUNtA&{SIIEDbIjDrro
Docuslgn Envelope ID.. 92B58081-9F9C-4E08-gE10-SA88AFED6556 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Statement of funds statemant of funds- currant year Balanc8 at 31 December 2024 Balance at I January 2024 Incorn8 Expenditur8 Unrestricted funds General Funds 693,197 267,104 (223,2201 737,081 R8Strict8d funds MABS Fund Restoration Project 245 35,049 74 (421 (12,1881 277 22,861 35,294 74 (12,2301 23,138 Total of funds 728N91 267,178 (235,4501 760,219 Purposè of r8Strldad funds. MABS Fund: The MABS restricted fund supports Children and Families Ministry al St Andrews. We currently offer th8 following provi8i0n'.' o Fortnighlly Children and Families Service Plans ar8 und8rway ftir a major Restoration Proj9¢1, developing St. Andrew's to become,, o a truly 'commLJnity building,, op8n s8ven days a week for everyone to enjoy o a major concert venue for North London, hostlng cholrs and orchestras, acoustic muslc perfornances, amateur dramatics, pogtry r6adings etc. o a Heritage Centre, in which p8ople and groups can learn more about the history of the church, of Enfi61d. and th8 history of our nation encapsulaled in so many of our wonderful monumenls o a home for art exhibitions and history exhibitions o a flexlbla space for cregtive 8nd engaging worshlp and olher community events The re8toration fund represents money b8lng received and expended to fund the redevelopment. Page 20 Grlffin Stone Moscrop & Co AmEOXcOW&RTDAUOm
Docuslgn Envelope ID.. 92B58081-9F9C-4EO8-9E10-6A86AFED5566 ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Statement of funds (contlnued) statement of fund5 - prior year 8alance at 31 Deoember 2023 Balance at l January 2023 Tran$fer6 in/out InGome Experpditur8 Unrestrlcted funds General Funds 140,345 743,457 (186, 367) (4,244) 693, 797 Restrlcted funds MABS Fund Restoration Project 379 42, 648 (4,378) (7.900) 4,244 245 35,049 301 43,027 301 (12,278) 4,244 35,294 Total of funds 783,372 743, 758 (198, 639) 728, 491 Pag8 21 Griffin Stone Moscrop & Co (l.RED1muNTA&5MEDAUDn
Docusign Envelope ID,. 92B58081.9F9C4E0&9E1 MA88AFED555fj ST ANDREW'S CHURCH, ENFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Summary of funds Summary of funds - current year Balance at 31 Docember 2024 Balance at 1 January 2024 Incom8 Expenditur8 Gen8ral funds Restricted funds 693,197 35,294 267,104 74 (223,220) {12,230} 737,081 23.138 728,491 267.178 (235,450 760,219 Summary of funds . prior year Balan al 31 Dec6mbgr 2023 Balance at l January 2023 TnSferS in/out Income Expenditure General funds R8stricted funds 140, 345 43,027 743, 457 301 (186,361) (12,278) (4, 244) 4, 244 693, 197 35,294 183,372 743, 758 (198,639) 728,491 16. Analysls of net assets between funds Analysis of n8t assets between funds - curr8nt period Restricted Unr8strlcted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset inveslments Debtors due after more than one year Current assets Creditors due within on6 year 602 29,759 243,ODO 479,837 116,117) 602 29,759 243,000 502,975 (16,117) 23,138 Total 23,138 737,081 760,219 Page 22 Griffin Stone Moscrop & Co CFL1REDLr0uPIlS&.G15TeFA&
Docu8lgn Envalope ID.. 92B58081.9FgC.4E08_9E10-6A86AFED5556 ST ANDREJV'S CHURCH, ENFIELO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Analysls of net assèts botween funds (contlnued} Analysls of net assets between funds - prior period Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible flxed assets Debtors due after more than one year Current assets Creditors due within one year 1,318 270,OOQ 446, 658 (24, 779) 1,318 270,000 481,952 (24, 779) 35,294 Total 35,294 693, 197 728,491 17. Pension ¢ommltments The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. Th8 P8nsion cost charge r8presents contributions payable by the group to the fund and amounted to £1,062 (2023- £420). 18. Related pariy transactions The aggregate donations given by PCC members in the year amounted to £17,91812023- £19,815). Payments totslling £6,69612023 - £3,768) were paid in the year to A&R Design, a company owned by Allison Paing (trustee} and her husband. Pag& 23 Grlffln Stone Moscrop & Co (H4RTEREDP£CWNI4&PEsTEDDm