THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HAMPSTEAD EMMANUEL WEST END Annual Report and Financial Statements of the Parochial Church Council For the year ended 31 December 2024 The Vicarage LyncroftGardens London NW6 1 JU Bank: The Co-operative Bank plc P.0. Box 101, 1 Balloon St, Manchester M60 4EP Independentexaminer.. Miss P Nicholson FCA, DChA 30 Fitzwarren Gardens London N19 3TP Charity Reg. No. 1142383
Emmanuel Church, West Hampstead Financial SL*ements for the year ended 31 December 2024 Administrative infomiation Emmanuel Church is situated in Lyncrofl Gardens, West Hampslead. 11 is in the Deanery of North Camden, the Archdeaconry of Hampstead and in the Episcopal Area of Edmonton, which is within the Diocese of London and the wider Church of England. The correspondence address is.. Telephone.. Off ice email.. Parish website.. The Vicarage, Lyncrofl Gardens, London, NW6 IJU. 020 7435 1911 Info EmmanuelNW6.com The Parochial Church Council I'PCC") is a charity registered with the Charity Commission. PCC members who have served from 1 January 2024 until the dale this report was approved are.. Incumbenl.. SSM Assistant Priest= The Revd Dr Calriona Laing Chair The Revd Annette Frilze-shanks Ilo 16 Jun 241 PCC Safeguarding Officer 110 23 Apr 241 Assistant Curates.. The Revd Helen Sims-williams {to 1 Jul 241 The Revd Melissa Dickinson (from 1 Jul 241 Churchwardens.. Cale Reiners Lydia Parker R8pSentativeS on the Dean8ry Synod.. (all eleoled for the Triennium 2023-26 at APCM 2023) Mina Cummings C8sey Hammell Diana Malzer Electordl Roll Officer Elected membe Isabel Collins Antony Edwards Clar8 Fuller PCC Secretary 110 23 Apr 241 Claire Hammett Mark Hyoms Caroline Namujji-Nicodemo Sarah Watts Sarah Batten (from 23 Apr 241 PCC Treasurer PCC Secretary If rom 14 July 241 PCC Safeguarding Officer (from 23 Apr 241 Jessica Conroy If rom 23 Apr 24) Stephen Greene Ifrom 23 Apr 241 Tam Greene Ifrom 23 Apr 241 Sof ia Radaelli (to 7 Jul 241 Nishi Shirfey (to 23 Apr 241 Tiania Urosevic Ito 23 Apr 241 structure, governance and management Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordan with the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and sland for election to the PCC.
Emmanuel Church, West Hampstead Financial SL*ements for the year ended 31 December 2024 Objectives and activities Emmanuel PCC has the responsibility of CoopetIng wth the Vicar in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Emmanuel Church. Revd Dr Calriona Laing is the Vicar of Emmanuel Church. Achievements Church attendance On average in 2024 there were 123 adults and 83 children attending church on Sunday. In addition to that we have our weekly school ¢olle¢tive worship in lemi lime which the whole school attends, 180 children and 13 adults. There were 209 worshippers attending the Easter day and Easter vigil services and 440 attend1 services on Christmas Eve and Christmas Day. We counted a total of 619 people allended special seNic njn by the church during Advent (St Nicholas Day service. Nativity, Carol services etcl. There were a total of 11 baptisms during the year. There were five full f uneral services in church and services held al the crematorium. Review of the year In 2024 the PCC mel five limes in the year with 56ts/o attendance. There was also a PCC away day and the APCM. The parish clergy In the summer of 2024, Emmanuel ssid goodbye to two much loved priests. Mother Annette Frilze-Sh8nks leri after 16 years as SSM Associate Priestat Emmanuel and Mother Helen Simms-williams completed her curacy and moved lo her first incumbency as vicarof Sl James, Prebend Street. Both priests gave a huge amount of their lime and energy lo the parish and the PCC and Congregation were able lo show their gratitude al leaving services held in June. Al the beginning of July, Emmanuel welcomed a new curate, Mother Melissa Dickinson, who was ordained deacon at P6tertide and joined the parish as a full-time stipendiary curate. Staff appointments In January 2024, Emma Clark joined the staff team as Emmanuel's Operations Manager. This is a new posL developed from the previous post held by Nicki Sidall, who retired at the end of 2023. Emma works 20 hours a week and is responsible for all bookings, church admin, building related matters and church comms. In August 2024 the PCC entered into an agreement with the Diocese of London Children and Youth team to engage an apprentice youth worker as part of the Diocesan Youlhwork AppntiCe$hip Scheme. Katy Robinson joined as the apprentice youth worker and works up to 16 hours a week in support of Emmanuel's children and youth work. In September 2024 Emmanuel hired a new Director of Music. Will Rose joined the church and works seven hours a week lo develop the mission and ministry of the church through music. In addition lo Sunday servic&8, Will leads weekly choir practices for the children and adult choirs. In September 2024 the church also took on a new organist, Joseph Verdin. Joseph plays forthe Sunday 10=30 Mass on a weekly basis. In addition, Joseph is available lo play for extra services, weddings and funerals. We remain committed lo pay all who work for Emmanuel Church the London Living Wage. The Parish website www.emmanuelnw6.com The website continues to be hosted by Silvedight. Community venue Emmanuel Continues lo be used lo ils maximum by a number of outside hirers and community groups. We are proud to be able lo offer space to NA and to some local community partners who have been part of lrfe here 8t Emmanuel for a long lime. In addition lo smaller individual hirers, we continue lo be grateful that we can let out the space lo Spencer Stage School and Perfomi, two of our principal hirers, who now also hire in the School holiéays maximising our hiring potential. In 2024 we acquired 6 new regular hirers. Addiliord hirers included 11 parties and a variety of concerts in the year. Maria Garzon Concert Series 3 Concerts Albion Chamber Choir 2 Concerts Bach lo Baby 10 Concerts
Emmanuel Church, West Hampstead Financial SLements for the year ended 31 December 2024 Rachmaninoff Music Academy 3 concerts Royal Free Choir Hampstead Chamber Choir 2 concerts West Hampstead Community Choir 2 concerts Baby Broadway 2 concerts Bsby Gospel One Jazz f undraising concert Financial Review The PCC opened a new banking relationship ¥Mth The Co-operative Bank plc in January 2024 aloro with opening new congregational giving arrangement thr(iugh the Parish Giving Scheme. However, the perKxJ wilhoul a bank account and the subsequent delays to restore giving to levels previously achieved had a direct impact on the income received in the year. Our total income forlhe year was £142,332 12023.. £138,9771, including £5,438 12023.. £nill of restricted funds, and the details are in the f inancial slalemenls. Donations from parishioners still account for the largest share of our income, contributing £67,410 12023.. £70,7411- Our income f rom investments was £11,763 12023.. £11,763). Lettings income grew lo £59,306 12023.. £54,720) through increases in both yield and utilisation. We are required to show our investments at their market value at the end of the year and the gain or loss i8 reported in our Statement of Financial Aclivilies. £160, 122 12023.. £141,056), including £5,438 12023.. £421 of restricted funds, was spent to provide the Chnslian ministry from Emmanuel Church, including a contributionof £76,800 12023.. £67,000) to the diocesan parish share Ilhe Common Fund), which largely provides the stipends and housing for the ¢lergy, pension a1 national insurance contributions as well as contributing the wder life and ministry of the Diocese of London and Church of England. For 2024 we have pledged £80,6(K)12024= £76.8001. During the year the PCC replaced it boiler system and commilled lo 8 new sound system as part of its investment in music within church services and to provide opportunity to Ljtilise the church for additio lellings. Depreciation on these assets was £1,32312023'. £nill Reserves policy Despite the loss of £17,888 12023.. £16,5091 in the year the PCC maintains reserves of £258,252, of which £253,608 are unrestricted. The PCC is satisfied thalthese are sufficienlto support ils objectives and activiti. In addition lo reserves, the PCC has a policy lo maintain a balance of nel current assets on unrestricted fu$ of approximately 4 months unrestricted payments, to cover emergency situations that may arise from time to lime. The balance of £16,206 (2023." £50, 796) is below this largel. The PCC is confident that this balance will grow through 2025 but nevertheless has access to liquidate investments should this be required. Approved by the PCC on 18th May 2025 and signed on their behalf. by Rev'd Dr Catriona Laing IPCC Chairl Mark Hyoms IPCC Treasurer)
Emmanuel Church, West Hampstead Financial SL*ements for the year ended 31 December 2024 Statement of Financial Activities for year ended 31 December 2024 Note Unrastrict•(I funds Rastrictè(I funds 2024 Total 2023Total Incom& From.. Donations and legaciès 61,972 5,438 67,410 70,741 Charltable actlvStles 2{bl 3,618 3,618 1,753 other trading activities 21cl 59.306 59.306 54.720 Inv•stmènts 2{dl 11,998 11,998 11,763 Total 136,894 5,438 142.332 138,977 Expenditure On: Charltable actlvltles 154,684 5,438 160,122 141,056 Depreciation 1,323 1,323 Total 156,007 5,438 161.445 141.056 Nèt ineomè I l•xpanditur•l before gains I Ilossesl on in¥e5tment5 119,113 119.1131 12,0791 Galns I Ilossesl on Investments 1,225 1,225 114,4301 Net Income I lexpendlturel 117,8881 {17,8881 116,5091 Rèconciliation of Funds= Total fund5 brought forward 271,496 4,644 271,496 292,649 Total funds carrled forward 253,608 4,644 258,252 276,140
Emmanuel Church, West Hampstead Financial SL*ements for the year ended 31 December 2024 Balance Sheet as at 31 December 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assets 15,477 Investment a558ts 221,925 220,700 TOTAL FIXED ASSETS 237,402 220,700 CURRENT ASSETS Debtors 14,179 7,243 Cash at bank and In hand 24,593 57,031 TOTAL CURRENT ASSETS 38.772 64.274 UABILITIES.. AMOUNTS FALLING DUE w1N ONE YEAR 117.9221 18.8341 NET CURRENT ASSETS 20.850 55N40 NET ASSETS 8.11 258.252 276,140 FUNDS Unrestrlcted 253,608 271,496 Rèstrictèd 4,644 4,644 TOTAL 258,252 276,140 Approved by the PCC on 18th May 2025 and signed on their behair by R8v'd Dr Catriona Laing IPCC Chairl Mark Hyoms IPCC Treasurer)
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 Notes to the Financial Statements ACCOUNTING POLICIES The f inancial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 leffeclive 1 January 20151., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, the Charities Act 2011 and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convention except for investments which are included at market value, as modif led by the revaluation of certain assets. Financial reporting slandard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permilled by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: The qUIrementS of Section T- Slalemenl of Cash Flows. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown al market value. The f inancial statements include all Iransaclions, assets and liabilities for which the PCC is responsible in law. Funds General funds represent the f unds of the PCC that are not subject to any restrictions regarding their use and are available forapplication on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts include all Iransaclions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those thal are infomia gatherings of church members. Going concern The PCC has assessed whether the use of the going concem basis is appropriate and have Considered posSie events or conditions that might cast significant doubl on the ability of the charity lo continue as a going concem. The PCC has made this assessment for a period of at least one year f rom the date of approval of the financia statements. The PCC has concluded that there is a reasonable expectation that the charity has adequate r8sourc8s lo continue in operational existenc8 for the foreseeable futur8. Th8 PCC therefor8 conlinues lo adopt the going concem basis in preparing ils f inancial stalemenls. Incoming Resources Voluntary income and captal sources Collections are recognised when received by or on behalf of the PCC. Income tax recover8d and recoverable under the Gift Aid scheme during the f inancial year has been accrued. Grants and legacies to the PCC are accounted for when the PCC has18gal entitlement lo the f unds. Other ordinary incom Rental income from the letting of church premises is recognised in the period when the rental is due. Income from investments Dividends and interest are accounted for when receivable. Gains and losses on investments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of the investments as al 31 December.
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 Resources used GntS Grants and donations are accounted for when paid over, or when awarded, if that award creates a bindirg obligation on the PCC. Activities directly relating to the work of the Church The diocesan quota or common fund is accounted for when payable. Any quota unpaid on 31 December is provided for in these accounts as arb optional Ithough not a legall liability and is shown as a creditor in the balance sheet. Fixed assets Consecrated land and buildings and movable church fumishings Consecrated and beneficed property is excluded from the accounts by s. 10121 (al and Icl of the Charities Art 2011 No value is placed on movable church f umishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church fumishings, whether maintenance or improvement, is writlen-off as expenditure in the Financial Slalemenls and separately disclosed. Fixtures, fittings, plant and equipment Fixtures, fittings, plant and office equipment costing more that £1,500 and used wlhin the church premises is capitalised at cost. D&pfftciation Depreciation is provided on tangible fixed assets al rates calculated to write off cost on a slraight-line bssis over expKled useful OnOMiC lives as follows, subject lo annual review Plant- 5 years Equipment - 3 years Investments Investments are valued at market value as of 31 December. CunEnt assets Amounts owing to the PCC on 31 December in respect of fees, rents or other income are shown as debtors less provisionforamounts that may prove uncollectible. Short-lem deposits include cash held on depositeither with the CBF Church of England Funds or at the bank.
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 INCOME AND ENDOWMENTS FROM: 2024 2023 Unrestricted funds Restricted funds Total funds Total funds 21al Donations Regular pledged giving Collections lopen platel at all services Sundry donations Gift aid reclaim 35,811 14,011 35,811 14,011 20,115 8,928 4,423 7,727 5,438 9,861 7,727 23,738 7.960 Legacy TOTAL 10,000 61,972 5,438 67,410 70,741 21bl Charitable activities Fees received 930 930 1,241 130 Fundraising event$ Votiv* Candlas 2,597 2,597 91 91 382 TOTAL 3,618 3,618 1,753 21¢) Other trading activities L8tting income Other income 59,306 59,306 53,874 846 TOTAL 59,306 59,306 54,720 21dl Incom• fr¢)m Inv•stmonts Dlvldends & Interest 11,998 11,998 11,763 TOTAL INCOMING RESOURCES 138,894 5,438 142,332 138,977
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 EXPENDITURE 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Charltable actlvltles.. Gifts, donations & mission Common Fund 5,199 5,438 10,637 983 76,800 76,800 67,000 utilities & insurance 21,433 21,433 20,483 Lettlngs admlnlstratlon Maintenance & gardening Cost of s•rvic•s 14,916 3,788 14,916 3,788 7,972 6.801 4,540 8,730 4,540 8,730 2,115 9,655 Domestic, cleaning & social Sundry eosts Organist & organ malntenance Newsletter. printing & advertrsing Church management, admlnSstratSon & fees Costs of fundraising events Clorgy Expansès Refurbi5hm&nt, rtUreS. rrttings & equipment TOTAL 836 836 2,540 9,502 6,039 9,502 6,039 6,000 2,078 1,105 225 1,105 225 733 212 1,363 208 1,363 208 439 14,045 154.684 5.438 160,122 141,056 STAFF COSTS 2024 2023 Wages & Salaries 14,916 7.972 During the year, the PCC employed a part time Parish Administrator. The salary did 12023= did not) attract employer's national insurance contributions. GAINS AND LOSSES ON INVESTMENTS 2024 2023 Realised galn I Ilossl on Investments sold during the year Unrealise(J gain I Ilossl on investments held at year end TOTAL 1,225 114,4301 114.4301 1,225 io
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 TAGIBLE FIXED ASSETS Plant Equipment Total Cost 01 January 2024 Addltlons 7,086 9,714 16,800 31 December 2024 9,714 16,800 Depreclatlon 01 January 2024 Charge for the year 31 D8c&mbar 2024 1,323 1.323 1,323 1,323 Nèt book valuas 31 December 2023 31 December 2024 7,086 8.391 15,677 INVESTMENTS 2024 2023 CBF Church of England Propèrty Fund units at mark•t valuè 221,925 220,700 DEBTORS 2024 2023 Income tax clalmed 960 1,586 5,657 Imièstmènt divid•rKIs 2,918 Trade debtors Irental Income) TOTAL 10,297 14,175 7,243 li
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 T 2023 1 Charitsble activities.. Cost of servlces 16051 16641 11,4281 16051 11,8721 Dom8Stic, cleaning and food Organlst and Cholr Newsletter, printing and advertising Glfts, donatlons and mlsslon 13201 11881 11,3301 191 12731 14,2371 17571 Lettlngs admlnlstratlon Maintenanc8. garden. organ. fixtures & rIng5 Sundry utilitie5 and insurance 13,1551 111,3131 117,9221 Letting income paid in advance TOTAL 18.8341 10 RESTRICTED FUNDS MOVEMENTS At 1 Jan 2024 Income Expended At 31 Dec 2024 Church Organ Clergy & Staff Glfts Social Outreach 3,593 3,593 2,842 2,595 12,8421 12,5951 Syrlan R•fug••s TOTAL 1,051 1,051 4,686 5,437 15.4371 4,644 11 ANALYSIS OF NET ASSETS BY FUND Unrestrict&d funds Restricted funds 2024 Total 2023 Total Fixed a55ets 237,402 237,402 220,700 Current assets 33,367 5,401 38,768 64,274 Current liabililies 117,1651 253,604 17571 4,644 117.9221 258,249 18.8341 276,140 BALANCE 12
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 12 SOFA COMPARATIVES Unrestricted funds Restrictèd funds 2023 Total Income From: Donations 70,741 1,753 54,720 11,763 138,977 70,741 1,753 Charitable activities Other trading activities Investments 54,720 11,763 138,977 Total Expenditure On= Charltable actlvltles 141,014 141,014 42 141,056 141,056 Totsl 42 Net income l {expendlturel before galns I Ilossesl on imiestments 12,0371 1421 12,079} Galns I Ilossèsl on Inv•stm&nts 114,4301 114,4301 Nèt incom• I laxpènditur•l 116,4671 1421 116,5091 Reconciliation of Funds Total funds brought forward Total funds carried forward 287,963 4,686 292,649 271,496 4,644 276.140 13 RELATED PARTY TRANSACTIONS Apart from the items disclosed below, there wer8 no disclosable transactions in respect of members of the PCC. persons connected with them, or other related parties. Three 12023.. six) members of the PCC received reimbursement of £3,80312023.' £8,846) for ministry expenses. One12023.' one) member of the PCC was paid, on an am's length basis, £74012023.. £9801 for organist services provided to the church. Further one12023.' none) PCC member was the beneficiary of seNices paid for by the PCC al a cost of £68512023." £nill. Two 12023.. none) memb8rs of clergy received 18aving gifts lo the value of £2,779 {2023.' £nill, the f unds for which were provided through collections specif ically for this purpose. Members that served on the PCC on the year made a total of £5,92012023.. £4,574) of unrestricted donations to the church in the 2024 f inancial year. 13
Emmanuel Church, West Hampstead Financial Statements for the year ended 31 December 2024 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF EMMANUEL CHURCH, WEST HAMPSTEAD I report on the accounts for the year ended 31 December 2024 set out on pages 5 to 13 herein. Respective responsibilities of the PCC and the independent examiner The charity's Iruslees are responsibleforthe preparation of the accounts. The charity'strustees cJ)nsiderlhal an audit is not required lor Ihis year lunderSeGtion144121 of Ihe CharitesA¢l 2011 Ilhe 2011 Adll and thatan independenlexamination is required. 11 is my responsibility to.. examine the ac(x)unts under section 145 ofthe 2011 A¢ followlhe proTrdures laid down in the general Directions given bythe Charitycommission undersection14515kbl of the 2011 Act, and to stale whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission and the Regulations. An examination includes a review ol the accounting records kept by the charity and a comparison of the accounts presented with those records.11 also indudes consideration ofany unusual items or disclosures in the account& and seeking explanalionsfrom you as Iruslees concerning anysuch matters. The proceduresundertaken do nolprovide ajl the evidence that would be required in an audit, and consequenlynoopinion is given as to whether Ihe ac£ounts present a true and fair view, and the report is limited to Ihose matters sel out in the statement below. Independent examiner's statement In conneth'on with my examination, no matter has come to my attenl'on.. 111 which gives me reasonable cause to believe that, in any material respect, tre requirements.. to keep accounting records in accordance with section 130 of the 2011 Act,. and lo prepare accountswhich accord with the accounting recordsand complywilh the accounting requirementsofdE 2011 Act and the Regulations have not been mel,. or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of Ihe ac(x)unL% io L reached. Patricia Nicholson Miss Patricia Nicholson FCA DChA 30 Fitzwarren Gardens, London N19 3TP Dale.. 18 May 2025 14