THE PARISH CHURCH OF SAINT JOSEPH THE WORKER, NORTHOLT
REPORT AND FINANCIAL STATEMENTS FOR YEAR TO 31 DECEMBER 2024
Charity registration number 1143756
Independent Examiner's Report to the PCC of St. Joseph the Worker, Northolt.
I report on the accounts for the year ended 31st December 2024.
Respective responsibilities of the PCC and Independent Examiner
As members of the PCC you consider that an audit is not required for this year under section 145(1) of the Charities Act 2011 and that an independent examination is needed.
I am required to check that:
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an examination is required under section 145(1) of the Charities Act 2011
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section 144(1) (audit) of the Charities Act 2011 does not apply to the charity
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the current thresholds for audit are not exceeded. These thresholds are currently set out in section 144 of the Charities Act 2011 as amended by the Charities Act 2011 (Accounts and Audit) Order 2015
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where the charity is a small company charity, it is exempt from audit in accordance with section 477 of the Companies Act 2006
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where accounts are prepared on a receipts and payments basis under section 133 of the Charities Act 2011, that the charity trustees have elected to prepare accounts under this sub-section
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if the charity has subsidiaries, the group income is below the threshold for the preparation of group accounts (section 138 of the Charities Act 2011). The current threshold is specified in The Charities Act 2011 (Group Accounts) Regulations 2015
It is my responsibility to
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters have come to my attention which give me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with s.130 of the 2011 Act
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or to prepare accounts which accord with these accounting records have not been met
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or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alan M Rix B.Sc. MIET 31 Norfolk Road Uxbridge Middx UB8 1BL
Date:3[rd] May 2025
Examiner’s Report
Financial Statement for the year ending 31 December 2024
| Unrestricted | Designated | Restricted | Total | Var % | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total 2024 | 2023 | 24-23 | ||
| Notes | £ | £ | £ | £ | £ | ||
| Receipts | |||||||
| Giving Planned (regular) giving |
1 | 8,717 | 8,717 | 17,616 | -51% | ||
| Unplanned giving | 2 | 13,812 | 1,350 | 15,162 | 16,487 | -8% | |
| One Off Donation | 3 | 621 | 0 | 621 | 5,679 | -89% | |
| Gift aid tax recovery | 4 | 0 | 0 | 6,060 | -100% | ||
| 23,150 | 1,350 | 0 | 24,500 | 45,842 | -47% | ||
| Other Receipts | |||||||
| Legacy Donation | 5 | 57 | 57 | 2,750 | -98% | ||
| Activities for generating funds | - | 0 | 0 | 2,010 | -100% | ||
| Rental Property | 6 | 15,160 | 4,000 | 19,160 | 18,600 | 3% | |
| Hall and premises Hire | 7 | 17,786 | 0 | 1,500 | 19,286 | 5,168 | 273% |
| Other | 1,900 | 1,900 | 14 | ||||
| Total General Fund Income | 58,053 | 5,350 | 1,500 | 64,903 | 74,383 | -13% | |
| Payments | |||||||
| Diocesan Common Fund | 8 | 20,160 | 20,160 | 19,200 | 5% | ||
| Fees paid to the Dioceses | - | - | |||||
| Church Running Costs | 9 | 23,082 | 1,350 | 24,432 | 20,066 | 22% | |
| Church Maintenance and renovations | 10 | 5,406 | 5,406 | 19,521 | -72% | ||
| Rental property maintenance | 11 | - | - | 851 | -100% | ||
| Nominated Tithes paid | - | - | - | - | |||
| Insurance | 12 | 3,133 | 3,133 | 2,714 | 15% | ||
| Others | 2,000 | - | 2,000 | 2,473 | -19% | ||
| Total payments | 53,781 | 1,350 | - |
55,131 | 64,825 | -15% | |
| Excess of income over expenditure | 4,272 | 4,000 | 1,500 | 9,772 | 9,558 | 2% | |
| Prior year accrual reversal | |||||||
| 4,272 | 4,000 | 1,500 | 9,772 | 9,558 | 2% | ||
| Bank current & deposit account 1 Jan 2024 | 3,008 | 54,394 | 57,402 | 47,844 | 0 | ||
| Bank current & deposit account 31 Dec 2024 | 7,280 | 58,394 | 1,500 | 67,174 | 57,402 | 17% |
Balance Sheet 2024
| GBP(£) | Total General Deposit |
|---|---|
| Balance 1st January 2024 Income to general fund account Expenditure for general account fund Transfers Balance 31 December 2024 |
57,402 4,642 52,760 64,903 24,707 40,196 55,131 55,027 105 0 26,400 -26,400 |
| 67,174 722 66,452 |
| Held as: General fund account Deposit Church of England deposit fund Total as bank statements Less uncleared cheques Less uncleared online payments Plus uncleared credit/cash deposits Total holdings (GBP £) Physical Assets (GBP £) 8 Wells Close Piano Assets and Liabilities Statement 2024 Assets Monetary Assets(GBP £) |
Total General Deposit 722 722 66,452 66,452 67,174 722 66,452 0 0 0 67,174 722 66,452 456,000 0 General use Designated Restricted Total |
|---|---|
| General bank account (allowing for uncleared items) Church of England deposit fund Deposit Total monetary assets Physical assets 8 Wells Close Piano Total Assets |
722 722 0 63,054 3,398 66,452 |
| 722 63,054 3,398 67,174 456000 0 |
|
| 523,174 |
| Restricted funds in General Accounts and Deposit A/c | Amount(GBP £) |
|---|---|
| Youth work donation | 1000 |
| Soul survivor | 165 |
| Outreach program funding remains | 733 |
| Tenant Deposit | 1500 |
| Total | 3398 |
| Designated Funds | Amount(GBP £) |
| Reserves | 63,054 |
Notes to the Account for the year ending 31 December 2024
Notes
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Planned giving – regular tithes from members of the congregation through direct debits
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1 and standing orders, most of this donation is eligible for Gift aid
Unplanning and loose collection – giving mainly through offertory plate and card machine. Many regular members give tithes in this way and are encouraged to set up direct debit 2 with the Parish Just Giving Scheme.
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One off donation received from church members, this included one amounts donated by
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3 member of the congregation for the outgoing priest.
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4 Gift Aidt tax recovery – No tax recovered for eligible donations
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5 Legacy donations – Donation through estate through wills from former members.
Rental property – the church has a property that is use for Curate. This is let on short term 6 let.
Hire of hall and premises – The Church Hall is regularly hired for worship, leisure activities 7 and community events.
Other income - Car park rental - inposts.
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8 Diocesan Common Fund – Annual pledge
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9 Church running costs - mainly
£550 - Bank Charges
£2,148 - Advertising £423 - Worship licenses £1,700 - Printing & Photocopying £360 - Website
£70 - Flowers £1,937 - Visiting priests £1,550 - Priest Installation visit £2,895 - Cleaning £2,142 – Candles & pastoral care £1,632 - Furniture replacement £528 - Internet £6,688 – Utilities
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- General church maintenance of church and renovations property – include new ramp of the bell and bell tower maintenance, gas and electrical compliance.
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11 Maintenance of rental property
12 Building and content insurance
Financial Review
RECEIPTS
Receipts through planned giving, envelopes, and cash collections during services in 2024 was £24,500, a decrease of 47% compared to 2023. The decrease was largely due lower tax Gift aid tax rebate and lower planned giving. In addition, the church received the following amounts:
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£19,286 – income received from hiring the Dovetail centre for the activities.
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£19,160 – rental income from church property.
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£1,900 – income received from car park
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£57 – legacy donation
Overall total income received by the church in 2023 was £64,903 down -13% on prior year.
EXPENDITURE
Total expenditure in 2024 including routine maintenance of Church, renovation and Church Rental Property was £55,131 a decrease of 15% on prior year.
In addition to the running cost outlined in note 10 above, other costs are as follows:
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£20,160 - contribution to the Dioceses common fund. This amount was up 5% on prior year’s contribution. The common fund is used to help pay the costs of keeping clergy in parishes, and to contribute towards the wider work of the Church of England. It covers wages, pension, housing, training, and other miscellaneous stipends
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£5,406 – routine maintenance and renovation of the church including building a ramp, maintain the church bell and bell tower as well as legislative compliance.
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£3,133 - insurances
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£2,000 – other miscellaneous items
Bank Balances and Reserves
The bank balance at 31[st] December 2024 was £67,174, an increase of 17% on the previous year. Of this £63,054 has been designated for major church maintenance projects and a further £3,398 is restricted for specific purposes.
Reserves Policy
It is PCC policy for the church not to hold excessive funds but to use donations and grants in furtherance of the church’s current defined needs, charitable purposes, and outreach projects. However, it is sensible to hold in reserve reasonable sums to meet unforeseeable expenses, longer term anticipated expenses/projects and any reduction in income.
The following reserve policy was agreed by the PCC in 2023:
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A sum not exceeding three months’ salary and any liability for redundancy payments may be held in respect of every employee.
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The equivalent of four months general running costs may be held in reserve.
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Every year the sum of £2,000 may be allocated to a designated fund for major building repairs. This fund must not exceed £15,000 without review.
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Every year the sum of £1,000 may be allocated to a designated fund for the renewal of equipment and furniture. This reserve must not exceed £15,000 without review.
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No more than 20% of unrestricted general fund receipts in any year may be allocated to reserves.
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The policy is to be review annually.
The above provision for reserve funds will be in addition to any restricted income donated for specific purposes.