St Luke's Church Hampstead
Report and Accounts Year ended 31 December 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
ADDRESS FOR CORRESPONDENCE St. Luke's Church Kidderpore Avenue London NW3 7SU GOVERNING DOCUMENTS PCC Powers Measure 1956 and the Church Representation Rules 2011 CHARITY REGISTRATION NUMBER 1144851 CHARITY REGISTERED NAME The Parochial Church Council of the Ecclesiastical Parish of St Luke, West Hampstead MEMBERS OF THE PCC Ex Officio members: Rev. Alistair Tresidder (incumbent) Tim Fairbairn (curate) Adam Farlow (church warden) Brandon Leung (church warden) Elected members Adrian Barrett Rosie Craig (reappointed 17 March 2024) Monica Duncan Juan Garcia (appointed 17 March 2024, resigned 1 July 2024) Mark Hackett Derralynn Hughes Lindsey Matejczyk Sneha Mathew (appointed 17 March 2024, resigned 27 January 2025) Robert Stannard Andrew Parker Michael Poulard Alex Powell (appointed 17 March 2024) Emilia Worth (reappointed 17 March 2024, resigned 12 May 2025) Clare Craig (appointed 30 March 2025) Mohsen Zamanianzadeh (appointed 30 March 2025) INDEPENDENT EXAMINER Nick Spear ACCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Legal & Administrative Details Pages 2-4 Report of the Parochial Church Council Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-9 Notes to the Accounts
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PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
REPORT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 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 the church building and manse.
The PCC (with the incumbent) seeks to further its charitable purposes in carrying out for the public benefit the following activities: holding regular public worship open to all; pastoral work, including visiting the sick and the bereaved; the teaching of Christianity through sermons, courses and small groups; the taking of religious assemblies in schools; the provision of youth clubs with a Christian ethos; the promotion of Christianity through the staging of events and meetings and the distribution of literature; promoting the whole mission of the Church through provision of activities for senior citizens, parents and toddlers and other special need groups; and supporting other charities in the UK and overseas.
Summary of the charity's main activities, achievements and future plans
St Luke's continues with our twin aims of "to know Christ and to make Him known". We have a robust staff, led by the Incumbent with positions of Curate, Women’s Worker, Youth and Families Worker and an apprentice through 2024. Both Men’s and Women's ministries have seen growth supported by events, midweek meetings, book groups and studies. Children’s and Youth work also continues to flourish with groups covering ages 3-18 and a toddler group for mums and babies under 3. An “Evergreens” group meet monthly serving older people at St Luke’s and friends from the community. Overseas, we continue to support families who were previously at St Luke’s and are now in full time mission work overseas including Argentina, Senegal, and Russia. St Luke’s has facilities available for meetings and hire and supported community projects such as a food bank. Trustees meet 6 times a year and receive reports on the key activities of the organisation including, Financial, Safeguarding, Premises, Mission, Ministry, Staff and Synod.
Most 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.
Financial review
During the year income increased by £3,870 to £229,255, and expenditure increased by £107,361 to £362,484. As a result the cash held by the charity decreased by £133,229 to £42,659. This cash comprised restricted cash of £3,690, and general fund cash of £38,969, which can be used for any of the PCC's charitable purposes.
This year's increase in expenditure is largely due to the payment of previously paused Diocesan Common fund contributions in 2023. The contributions were held in a designated fund and were paid out to the Ephesian fund in 2024.
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Reserves policy
Where there are short-term surpluses, the PCC's investment policy is to maximise returns using low risk products from major banks or prescribed Church of England investment schemes. Our reserves policy is to aim to keep at least three months' worth of annual expenditure (currently in the region of £60,000) as cash held by the general fund; should this minimum at any time not be met an immediate plan would be enacted to reduce costs or raise additional income. At the year end, the charity held unrestricted cash of £38,969 and the charity is not complying with its policy for holding reserves. The PCC intend to build back the reserves in 2025 to a position of strength.
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 management team led by the incumbent.
The PCC has appointed a number of sub-committees:
· Standing Committee: This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.
· Finance Committee: PCC has delegated to this committee the tasks of: financial planning; effective monitoring of income and expenses and implementation of robust money-handling controls; maximising income within Biblical principles; and ensuring that resources are used cost-effectively.
· Premises Committee: PCC has delegated to this committee the tasks of: supporting the PCC in its planning for ongoing and future premises work; managing ongoing premises work; and related functions relating to the care of our church buildings and the safety of those who use them.
· Mission Committee: PCC has delegated to this committee the tasks of: motivating the church family and helping them to learn about the health of the Church both at home and abroad; prompting a response from the church family by providing opportunities to pray and to provide practical support to further the proclamation of the gospel and the growth of the Church worldwide.
The PCC has policies and procedures in place in relation to smoke-free premises, child protection and safeguarding, hall hire and use of the main church building, risk assessment, fire risk, the handling of cash, baptisms / thanksgiving services and staff expense claims.
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Other matters
With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.
The last quinquennial inspection was held in July 2020 and, by the end of 2024, the PCC had undertaken all the urgent repairs identified by the inspection.
During the previous year the PCC paused its Common Fund contributions to the Diocese after expressing concerns about recent decisions made by the General Synod. In 2024, the PCC has reinstituted its giving through the facilities provided by the Ephesian Fund and has done so in full (including the amounts that were previously paused).
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 and signed on their behalf by:
Alistair Tresidder
Alistair Tresidder (Oct 13, 2025 11:10:50 GMT+1)
………………………………………………………..
Rev. Alistair Tresidder
Date: Oct 13, 2025
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
I report to the trustees on my examination of the accounts of St Luke's Church Hampstead ('the charity') for the year ended 31 December 2024 on pages 6 to 9 following.
Responsibilities and basis of report
As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 2011 Act.
Independent examiner’s statement
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:
-
accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nick Spear
Nick Spear (Oct 13, 2025 11:58:28 GMT+1)
Nick Spear ACCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Oct 13, 2025
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PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2024
| A Cash funds Cash at bank with immediate access Manse sinking fund |
General Designated Funds Funds £ £ 32,673 - 6,296 - 38,969 - Unrestricted Funds |
Restricted Funds £ 3,690 - 3,690 |
2024 £ 36,363 6,296 42,659 |
2023 £ |
|---|---|---|---|---|
| 166,469 9,419 |
||||
| 175,888 |
During the previous year HMRC duplicated a repayment of gift aid in the sum of £23,501 and this hadn't been returned to HMRC by the end of the current year, 2024. As this money belongs to HMRC (and not the charity), it has been excluded from the charity's bank balances.
| B Other monetary assets Gift aid due to charity Prepaid expenditure Hall hire Utilities and insurance recoverable from St Luke's School C Liabilities Falling due within one year Common or Ephesian fund contributions Other creditors |
44,273 6,867 2,247 3,702 57,089 7,608 3,826 11,435 |
- - - - - - - - |
3,776 - - - 3,776 - 625 625 |
48,049 6,867 2,247 3,702 60,865 7,608 4,451 12,060 |
22,287 6,826 6,006 9,738 |
|---|---|---|---|---|---|
| 44,857 | |||||
| 80,454 5,398 |
|||||
| 85,852 |
D Assets retained for charity's own use
The PCC owns various fixtures, fittings and equipment however their current value is not considered to be significant and so it has not been disclosed.
The PCC also beneficially owns a manse, 40 Ingham Road. Legal title to the property rests with the Diocese (the custodian trustee) whose approval is required for any proposed sale. The manse is an unrestricted asset.
The accounts were approved by the trustees and signed on their behalf
by Alistair Tresidder date Oct 13, 2025 -------------------------------------------Alistair Tresidder (Oct 13, 2025 11:10:50 GMT+1) ------------Rev. Alistair Tresidder
The notes on pages 8 to 9 form part of these accounts.
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PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | |||
| Funds | Funds | Funds | 2024 | 2023 | |||
| Notes | £ | £ | £ | £ | £ | ||
| Income receipts | |||||||
| Voluntary receipts | 2(a) | 115,582 | - | 24,076 | 139,658 | 138,410 | |
| Church activities | 2(b) | 82,466 | - | - | 82,466 | 79,165 | |
| Investment income | 2(c) | 1,969 | - | - | 1,969 | 2,847 | |
| Other income | 2(d) | 5,162 | - | - | 5,162 | 4,962 | |
| Total receipts | 205,179 | - | 24,076 | 229,255 | 225,384 | ||
| Payments | |||||||
| Church activities | |||||||
| Clergy and staffing costs | 3(a) | 94,030 | - | 41,140 | 135,170 | 126,064 | |
| Church running costs | 3(b) | 118,369 | 80,454 | 6,956 | 205,779 | 57,410 | |
| Major repairs | 3(c) | 4,189 | - | - | 4,189 | 55,058 | |
| Mission giving and donations | 3(d) | 11,594 | - | 5,752 | 17,346 | 16,591 | |
| Total payments | 228,181 | 80,454 | 53,848 | 362,484 | 255,123 | ||
| Net of receipts / (payments) before transfers | (23,003) | (80,454) | (29,772) | (133,229) | (29,738) | ||
| Transfers between funds | (5,958) | - | 5,958 | - | - | ||
| Net movement in funds | (28,961) | (80,454) | (23,814) | (133,229) | (29,738) | ||
| Cash funds as at last year end | 67,930 | 80,454 | 27,504 | 175,888 | 205,626 | ||
| Cash funds at this year end | A | 38,969 | - | 3,690 | 42,659 | 175,888 |
The notes on pages 8 to 9 form part of these accounts.
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PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
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.
| 2 a) Voluntary income Regular donations received Other grants and donations Gift aid recovered b) Church activities Fees for weddings and funerals Income from Parish Events Rent from St Luke's School Lettings for community use c) Investment income Interest from cash deposits d) Other income Sundry income 3 a Clergy and staff costs Recharge of clergy stipend Staff payroll Running costs for ministry staff accommodation Expenses incurred in furtherance of duties: Clergy Staff |
Unrestricted funds £ 110,557 5,025 - 115,582 492 12,466 28,477 41,030 82,466 1,969 1,969 5,162 5,162 Unrestricted funds £ - 64,482 6,374 - 8,194 14,979 94,030 |
Restricted Funds £ - 24,076 - 24,076 - - - - - - - - - Restricted Funds £ 41,140 - - - - 41,140 |
Total 2024 £ 110,557 29,101 - 139,658 492 12,466 28,477 41,030 82,466 1,969 1,969 5,162 5,162 Total 2024 £ 41,140 64,482 6,374 8,194 14,979 135,170 |
Total 2023 £ |
|---|---|---|---|---|
| 103,234 11,675 23,501 |
||||
| 138,410 | ||||
| 990 11,347 28,477 38,350 |
||||
| 79,165 | ||||
| 2,847 | ||||
| 2,847 | ||||
| 4,962 | ||||
| 4,962 | ||||
| Total 2023 £ |
||||
| 40,150 56,813 4,763 10,349 13,989 |
||||
| 126,064 |
Alistair Tresidder receives a stipend from the Diocese; the cost of this stipend is not included in the above payroll cost however it should be noted that some of the contribution to the Common fund (see below) is used to help pay the stipend. In July 2022 St Lukes appointed a curate, Tim Fairbairn, and the recharge of clergy stipend was a direct contribution towards his employment costs. The PCC incurred some expenses in respect of the accommodation provided to Alistair Tresidder and Tim Fairbairn (which is customary) and these expenses are included in the expense heading 'Running costs for ministry staff accommodation'. Alistair Tressider and Tim Fairbairn incurred expenses whilst serving as clergy and these costs are also disclosed in the above note.
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PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
| 3 b Church running costs Payments of Common fund or Ephesian fund (see below) Routine maintenance Training costs Parish events including church retreat Printing and stationery and other office supplies Independent examination fee Telecommunications Utilities, licenses & insurance c Major repairs Major repairs to church property d Mission giving and donations Home and overseas mission Other gifts |
Unrestricted funds £ 164,146 3,539 - 18,966 2,508 1,620 1,222 6,821 198,823 4,189 11,594 - 11,594 |
Restricted Funds £ - - 3,360 3,132 464 - - - 6,956 - 544 5,208 5,752 |
Total 2024 £ 164,146 3,539 3,360 22,098 2,972 1,620 1,222 6,821 205,779 4,189 12,138 5,208 17,346 |
Total 2023 £ |
|---|---|---|---|---|
| 7,321 13,408 3,365 16,485 3,651 1,020 1,051 11,109 |
||||
| 57,410 | ||||
| 55,058 | ||||
| 10,570 6,022 |
||||
| 16,591 |
During the year ended 31 December 2023 the PCC suspended its payments to the Diocese for the Common fund; and in the year ended 31 December 2024 the amount due has been paid over to the The Ephesian Fund. The contributions for 2024 were also paid to The Ephesian Fund.
4 Transactions with related parties
Staff payroll (see note 3(a)) include employment benefits totalling £3,520 (2023: £0) paid in respect of P Tressider for working as an apprentice. Additionally £nil (2023: £7,899) was paid in respect of S Tressider for working as the church's womens' worker. These individuals are closely related to a member of the PCC.
5 St Luke's Church of England School
St Luke's Church of England School was established by members of the church and the PCC has the power to appoint some of its governors. During the year the School paid rent of £28,477 (2023: £28,477) to the PCC for the use of church property (see note 2(b)).
6 Movement on designated funds and restricted funds
| Restricted funds Mission Fund Curate Fund Apprentice Fund Equipment Fund Amazing Grace Training fund Youth Sponsorship Fund General Training Fund Hardship Fund |
Balance at 31.12.23 £ 544 (1,250) (333) 464 22,500 - 519 5,059 27,504 |
Receipts £ - 14,200 5,000 - - 4,876 - - 24,076 |
Payments £ (544) (18,640) (8,568) (464) (22,500) (3,132) - - (53,849) |
Transfers £ - 2,390 3,568 - - - - - 5,958 |
Balance at 31.12.24 £ - (3,300) (333) - - 1,744 519 5,059 |
|---|---|---|---|---|---|
| 3,690 |
The year end deficits on the Curate Fund and the Apprentice Fund are in respect of gift aid that hadn't been received by the year end on the year's donations.
Designated funds
Diocean Contribution Fund
80,454 - (80,454) - -
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