Charity registration number.. 1146634
The PCC of The Annunciation Bryanston Street
Annual Report and Financial Statements
for the Year Ended 31 December 2024
Field Sullivan Limited
9 Hare and 8Illet Road
London
SE3 ORB

The PCC of The Annunciation Bryanston Street
Contents (continued)
Reference and Administrative Details
Trustees, Report
2tolO
Independent Examiner's Report
Ilto12
Statement of Financial Activitie5
13
Balance Sheet
14
Notes to the Financial Statements
15to28

The PCC of The Annunciation Bryanston Street
Reference and Administrative Details
Chairman
Revd Dr Lincoln Harvev
Trustee5
Lee Wu
Stelios Solomou
Rachel 51ingsby
Olufunke Ajenifuja
David De Kervern
Vincent Forestier
Michael Mohammed
Maria Kastani
Gavin Monk
Steve Phillips
Simon Thwaites
Vladka Thwaite5
Charity RegSstratlon Number
1146634
PrlncSpal Office
Church of The Annunciation
Bryanston Street
London
WIH 7AH
Independent Examiner
Field Sullivan Limited
9 Hare and Billet Road
London
SE3 ORB
Bankers
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET
M&G
Charity Departmellt
PO Box 9038
Chelmsford
CM99 2XF
HSBC Bank PIC
196 Oxford Street
London
WID INT
Page I

The PCC of The Annunciation Bryanston Street
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31
December 2024.
Aims and purposes
The Annunciation's Parochial Church Council IPCCI has the responsibility of cooperating with the incumbent, Fr
Lincoln Harvey, in promoting within the ecclesiastical parish the whole mission of the Church, pastoral,
evangelistic, social, and ecumenical.
Compllance
Our incumbent and the PCC have considered the Charity Commission's guidance on public benefit, and in
particular 'charities for the advancement of religion., The PCC has also complied with section 5 of the Safeguarding
and Clergy Discipline Measure 2016, recognising its duty to have due regard to House of Bishops, guidance on
safeguarding children and vulnerable adults.
Reference and administrative information
The Annunciation is situated in Bryanston Street in Marble Arch, just off Oxford Street in the West End of London.
It is part of the Diocese of London within the Church of England. The correspondence address is.. The Annunciation
Branston Street, London WIH 7AH. The Parochial Church Council of The Annunciation is a charity registered with
the Charity Commission with charlty number 1146634.
PCC members who have served at any time from l January 2024 until the date this report was approved are:
Ex Officio
Incumbent.. Revd Dr Lincoln Harvey - (Chairman)
Church Wardens.. Mr Michael Mohammed,. Mr Steve Phillips
Elected Members
Mrs Olufunke Ajenifuja (Secretary)
Mr Vincent Forestier (Representative on Deanery Synod)
Mrs Marielle Garland (Resigned May 2024, Representative on Deanery Synod)
Mrs Maria Kastani
Mr David De Kervern (Representative on Deanery Synodl
Mr Gavin Monk
Mrs Rachel Slingsby
Mr Stelios Solomou
Mrs Vladka Thwaite5
Mr Simon Thwaites
Mr Lee Sungwah Wu IElected May 20241
Page 2

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
Addltional Parish Roles:
Children & Families Worker.. Mrs Jasmine Cullingford
Church Office Manager and Treasurer.. Mr Majed Najjar
Director of Music.. Mr Christopher Saward
Electoral Roll Officer.. Mr Majed Najjar
Parish Safeguarding Officer: Mrs Jasmine Cullingford
Premises Manager and Verger.. Mr Gavin Monk
Structure• governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of
the PCC consists of the incumbent Ithe vicarl, churchwardens, and members elected by those members of the
congregation who are on the electoral roll of the church. All those who attend our services / members of the
congregation are encouraged to register on the Electoral Roll and can stand for election to the PCC.
The PCC members are responsible for makSng decisions on all matters of general concern and importance to the
parish including deciding on how the funds of the PCC are to be spent. The PCC met five times during 2024. Given
its wide responsibllities, the PCC also has a Standing Committee to deal with matters arising between its meetings,
and the Standing Committee met an additional four times during the year. The StandSng Committee is responsible
to the PCC and reports back to It regularly with matters discussed and decisions made as necessary.
Objectives and actlvltSes
The PCC is committed to enabling as many people as possible to worship in church, to develop thelr faith, and to
build up a sense community within the parish of the Annunciation. The PCC therefore maintains an overview of
worship and activities throughout the parish and makes suggestions on how these can involve the many groups
who live or work locally, as well as those visiting the neighbourhood. Regular religious service5 include elements of
prayer, scripture reading, music, sacraments, preaching, and teaching, all of which enable the Christian faith to be
put into practice. The church also runs community event5, such as musical concerts and educational work, and BSL
events for the Deaf Community. As a result, people are enabled to live out their faith through..
Worship and prayer,. learning about the Gospel,. and developing their knowledge of, and trust, in God.
The provision of pastoral care.
The maintenance of close links with the parish VA school, Hampden Gurney CofE Primary School, and with
Wetherby School.
And missionary and outreach work, through community events, such as classical concerts, carol services.
community and BSL events.
The PCC is continvally looking for new ways, within its capacity and resources, to build up its parish life, for
example investing in our provision for young children and parents. To help finance such activities, the PCC makes
use of its maln asset, the church building, to raise income. This is done primarily by letting part of the crypt and a
section of the west end of the church to Bryanston Nursery (under license under facultyl. To maintain its support
both for parish activities and the letting of the church building to other community Users, the parish regularly
undertakes work to maintain and, where possible, enhance the church building and its facilities.
Page 3

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
Achlevements and Performance
Worshlp and Prayer:
The PCC is keen to offer a range of rellgious services during the week and over the course of the year to the benefit
and spiritual fulfilment of our local community. For example, a spoken Mass is offered each day during the week to
create a quiet and reflective envlronment for worship, whilst there are also opportunities to engage in more
dramatic worship through the offering of a Sung Mass on Sunday mornings land occasional High Feasts), with
choral singing. The Sung Mass is popular with the local community, as well as attracting visitors from nearby
hotels. The provision of a professional choir is very much appreciated by those who attend. In addition, the church
is now open from 103m-6pm, Monday to Friday, providing a quiet and peaceful public space amidst the hustle and
bustle of the West End of London.
Official attendance at services on Sundays is counted during the month of October. It is formally recorded on the
parish return to the Diocese of London and Church of England. The average figure recorded for Sundays in October
2024 was 123, though the course of the year the congregation numbers about 140 people. Given the frequency of
individual attendance and fluctuations throughout the year, the October average leads to the calculation that the
regular "worshipping community" at the Annunciation numbers 300. At the APCM in May 2024, 181 people were
recorded on the Church Electoral Roll.
As part of its work for the community, the PCC provides a free Sunday School at Mass. This is attended by
significant number of local children, with an average attendance of over fifty children a week during 2024 Imany of
whom come twice monthly). This means that around 100 children are attending our services regularly at any one
time. Our large Sunday School is resourced by a team of dedicated local volunteers, who generously help to run
the weekly event or work behind the scene5 to make it possible, e.g. preparing arts and crafts for the children's
activitles. The PCC also employs a part-time Children and Families Worker to focus on teachlng and activities for
the popular 7+ age group. To help resource this important work, the church received a grant of £2,000 from the St
Giles and St George Charity in 2024 and 3 grant of £2,500 from the Lady Peel Legacy Trust.
Given the number of children and familie5 attending our church, the PCC gives careful thought to how it can enable
all the community to celebrate key High Feasts. Provision over the Christmas period, for example, is designed so
that local families lincluding many young children) can celebrate the Nativity at an early evening Crib Mass on
Christmas Eve. The family-friendly version of a traditional Midnight Mass continues to be popular. 150 people
attended the Family Crib Mass on Christmas Eve 2024, which included 60 children.
The church's work with chSldren extends beyond Sunday mornings. Hampden Gurney CofE Primary School remains
at the very centre of our parish life. The Vicar is Chairman of the school's Governing Body and two PCC Trustees
also currently serve as Governors. In addition, a weekly Mass is celebrated with the children and teachers. There is
significant overlap between the life of the church and the life of the school, thereby created a strong sense of
communSty spirit in the local area. This is evident on numerous occasions. For example, we celebrate an annual
'Blessing of the Backpacks" in church before the start of each new school year, with the communlty praying for
those embarking on the next step in thelr education, as well as a Leavers Party for Year 6 in the final week of
school. Beyond Hampden Gurney School, we also enjoy welcoming Wetherby School into church each Friday
morning for their weekly assembly and act of worship, as well a5 for their Carol Services and Concerts. If our work
with schools 15 considered along51dÈ our Sunday School provision, it means around 750 local children are engaging
with the church on a regular basis during term time.
Page 4

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
But the life of our church extends beyond our work with schools, as central as that 55. A5 well as our regular
service5, the church enables our community to celebrate and thank God at each of the significant milestones a
person's life through the provision of occasional offices. For example:
Baptism enables us to give thanks for the gift of new life,.
Confirmations enable people to claim baptism promises as their own,.
Marriage is an act in which public vows are exchanged with God's ble55ing,'
Funeral services enable friends and family to express their grief and give thanks for a life as they
commend the person to God's gracious keeping.
In 2024, we celebrated 9 baptisms in church, as well as seeing 2 young people confirmed by The Rt Revd and Rt
Hon Dame Sarah Mullally DBE at our school in July 2024. However, there were no weddings or funerals held during
2024.
As well a5 the occasional offices, the church a150 keeps a calendar of major services. Thls included a Harvest
Festival in October (where donations were collected for the Marylebone Project to support their work with
homeless women locally), the annual Act of Remembrance in November, and a special service to commemorate
the IOOth anniversary of the unveiling of our Calvary War Memorial in June, when the Revd Icapt.) Thomas Sander
officiated. The church has also continued its work with the London Deaf Church during 2024, again runnlng a
successful Christmas Carol service, with over 90 people attending, and developing an annual programme of events
for the Deaf Community to mark significant moment5 in the Christian year.
Deanery Synod
The Incumbent and three members of the PCC currently sit on the Deanery Synod. The Synod provides the PCC
with an important link between the parish and the wider structures of the church. For example, it ha5 enabled the
PCC to consider a wide range of issues, including an opportunity to learn how music can become part of the
mission of the church.
The Church Bulldlng
To facilitate the aims and purposes of our church it is important that the PCC maintains the fabric of the building
and encourages people to visit and make use of our services. During 2024, the church was open to the community
as often as possible, with the building staffed each day during the week from 11am-3pm Snitially, before being
opened from 10am-6pm from l October 2024. Back in 2023, the PCC had received a grant from the Fellowship Hall
Charity Trust IFHCTI, which allowed us to appoint a new part-time Prem15es Manager and Verger in November that
year. This appointment has enabled us to open the building more in 2024, as well as free up the Incumbent for
other matters related to the mission and minlstry of the church (rather than the maintenance of the building). The
PCC decided to extend the Premises Manager and Verger's hours in October, which has allowed us to keep the
church open to the public all day during the week.
Page 5

The PCC of The Annunciatlon Bryanston Street
Trustees, Report (continued)
The building was well used during 2024, and not just for religious activities. We continued to work closely with
London Town Chamber Fest to offer a series of concerts to the public, and also held special one-off events,
including an art exhibition in partnership with Theos, which promoted the beauty of the caring profession5. The
programme of concerts increased during 2024, with a variety of performers using the space, including providing
some free lunchtime concerts and concerts for children. In addition, we have also hosted musical groups for
children, partnering with Hartbeeps at the beginning of the year and then with Music360's Toddler Music Academy
in the autumn. The church crypt was also used by Bryanston Nursery to offer day care to children from 7am-7pm,
Monday-Friday each week. These activities have each drawn in funds, which in turn are absorbed into the running
cost5 and upkeep of the building. Remedial work at high level has again been necessary to ensure the bullding
remains safe, and various issues have been addressed to keep aspects of the building in good working condition.
For example, we again made use of the "Gutter Maintenance Scheme" to ensure water runs freely from the
building. We have also repaired and conserved the Calvary War Memorial on the corner of Old Quebec Street.
Progress has also been made on addressing issues identified in our Quinquennial Inspection in 2022. Though the
building remains on Historic England's "At Risk Register" signif Scant funding was secured in 2023 from a variety of
sources to launch the "Sharing Our Future" project. The PCC remains immensely grateful to the War Memorials
Trust and Westminster Council's Community Infrastructure Levy, as well as to the National Lottery Heritage Fund,
National Churches Trust, and Area Council of the Diocese of London. The combined grants provided for an initial
'Resilience Project" and feasibility work entitled "Sharing Our Future" which started in November 2023 and was
completed in December 2024. This constitutes an important first step towards a major capital works project in the
coming years.
Sharing our Future Project
The 'Sharing our Future, project was funded by the National Lottery Heritage Fund INLHFI and other key partners.
This initiative enabled the church to become more resilient, preserve its heritage, build closer relationships with
the community, and create a strong foundation for the next stages of the project. The Annunciation is now better
equipped to 'Share our Future, with a clearly defined mission and vision and an outlined path for growth and
development, underscoring the church's commitment to its heritage and its future.
The overall aims and purpose of the resilience phase were to..
Repair and conserve the Calvary War Memorial
Develop the partllership with the Deaf Church
Create a learning programme in partnership with Hampden Gurney Primary School
Outline a fundraising plan
Research and better understand the history of the church and its memorials
Become more resilient in all aspects of the church's work
Strengthen ties with the local community
Page 6

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
The Parochial Church Council IPCCI commissioned a team of consultants to deliver four reports:
Governance Review
AudSence Development
Business Planning
Fundraising strategy
As well as a Feasibility Study and an Outline Conservation Plan the key activities and outcomes of this project were:
War MemorSal Repair and Conservation: Following an act of vandalism, work was undertaken to repair and
conserve the Calvary War Memorial. Repairs included re-gilding and reinstating the Christ figure, restoring the
crucifix and stone plinth, and replacing the lead roof.
Pilot Project - Hampden Gurney School.. A series of Wwl-themed workshops were conducted, introducing over 220
Students and their parents to the church's history and allowing them to explore heritage through hands-on
activities. A learning resource pack was created to support educational visits by other schools in line with the
National Curriculum.
Pilot Prolect - Deaf Church Collaboration.. The Annunciation worked with the Deaf Church to host a WWI history
event and a poetry workshop in British Sign Language IBSLI, in addition to producing a new heritage video guide in
BSL.
Community Event 100-Year Memorial Service: A centenary commemoration of the Calvary Memorial and
celebration of its reopening.
Community Event - Open London Festival.. The Annunciation took part in the annual Open London Festival opening
new areas to the publSc and running guided tours for visitors.
Muslcal Program.. The church extended its musical programme becoming a popular venue for concerts and
rehearsals.
Next Steps.. The "Sharing Our Future" project has enabled the church to create a fully-costed, fully-feasible, and
fully-sustainable plan for a malor Capital Work5 Project which will enable the church to better serve the
community going forward. This exciting development means that the PCC has now embarked on its ambitious plan
to address the various issues with the building and to enhance community use by making the space more usable
le.g. installing disabled toilets).
Pastoral Care
Fr Llncoln Harvey continues to V151t those who request pastoral support in the parish. For example, he v151ts those
who are dying, are sick, wish to make their confession, or who seek God's blessing on their home. In addition,
some members of the parish are unable to attend church services, so an online service of Compline 55 offered each
week to provide acces5 to anyone who want5 to pray remotely.
Page 7

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
Volunteers
Alongside its small staff team, the church depends on volunteers to fulfil its charitable aims and objectives. The
PCC would like to thank everyone who works so hard to make the church the lively and vibrant community that it
is. We are grateful to the dedicated teams of Sunday School Leaders, Altar Servers, and Refreshment Teams, who
generously devote time and resources to the benefit of our local community. The PCC also wants to thank our
churchwardens, Mr Mohammed and Mr Phillips, who worked so tirelessly on our behalf during 2024.
Mission and Evangellsm
The PCC is keen to invite everyone in our community to join in with events run in church. The electronic parish
newsletter is therefore distributed weekly to all its subscribers and is also made available to the public on the
church's website. This newsletter keeps people informed of forthcoming services and public events, as well as a
prayer list for intercessions and invitations to seek pastoral care. The church also publicises events on its external
noticeboards, as well as distributing flyers to thelgcal community lincludlng the many local hotels) when there are
malor festivals and events. The church also adverti5e5 It5 activities through social media channels and through its
local networks, such as the parish school's mailings or the Marble Arch BIO app.
Ecumenical Relatlonshlps
The church is a member of Churches Together in Westminster. Fr Lincoln Harvey has also established closed links
with the neighbouring Rabbi at the Western Marble Arch Synagogue, with regular meetings to discuss shared
matters of interest to our respective communities.
Financial Revlew and Reserve Pollcy
The total incoming resources on unrestricted funds were £226,32712023: £205,025) with expenditure amounting
to £226,366 12023.. £186,042), as detailed in the financial statements. The expenditLtre this year is notablv
extraordinary as a result of the building project. There was no gain or loss relating to investments and after 3
£28,87912023: £nill transfer to restricted funds, there was a net decrease in unrestricted resources of £28,918
with a further decrease in restricted funds of £39,128, leading to an overall decrease in funds to £187,15312023:
£255,199). The PCC contributed unrestricted funds as partnership funding for the building project
IncomSng resources for 2024 have been fairly consistent wlth previous years. Glft aid for 2023 and VAT claim from
Listed Places of Worship have been received in 2024 financial year.
The Annunciation, made its full contribution to the Diocesan Common Fund in the year, amountlng to £91,300.
Thls contribution provides for the stipends and housing for the clergy, as well as central support services (such as
Safeguarding and HR).
Page 8

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
It is PCC policy to try to maintain a balance on unrestricted fund5 which equates to at least three months
unrestricted payments. It is held to smooth out fluctuation5 in cash flow and to meet emergencies. The cash
balance held on unrestricted lincluding designated) funds at the year end, together with the amounts payable to
and by the PCC, was in excess of this target. Though this suggests we are on a firm financial footing, the
aftershocks of Covid and the cost of living crisis continue to be felt. Income remains pretty much flat, whilst costs
continue to increase. This means that our existing budgets are under sustained pressure and the expansion of our
mission and mSnistry continues to be frustrated. This is partly because we are still In the process of negotiating
wlth Bryanston Nursery to reach a financial settlement related to debts they incurred with us during the pandemic,
as well as a five-yearly rent review Iwith rent due to increase in July 2023, but negotiations remain ongoing). A
contingency plan was put in place back in 2021 which remains in place until a final Settlement is reached with the
nursery, which is why reserves are currently at their level. It is the Pcc's hope that once a settlement is reached
with Bryanston Nursery, monies can be used for match-funding in grant applications to address the issues with the
building that were identified in the Quinquennial Inspection and enable us to move off Historic England's 'At Rlsk,
Register and encourage greater community use of the building through sympathetic development to improve
facilities (such as providing a disabled toilet)
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable
law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each flnancial year which
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial 5tatementS, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial Statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper actountSng records that disclose with reasonable accuracy at any
time the financial posltlon of the charity and enable them to ensure that the finantial statements comply with the
Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution.
The trustees are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included
on the charitable company's website. Legislation governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Page 9

The PCC of The Annunciation Bryanston Street
Trustees, Report (continued)
The annual report was approved by the trustees of the charity on 28 April 2025 and signed on its behalf by..
Revd Dr Lincoln Harvey
Chairman
Page 10

The PCC of The Annunciation Bryanston Street
Independent Examiner's Report to the trustees of The PCC of The Annunciatlon Bryanston
Street
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December
2024 which comprise the Statement of Flnancial Activities. the Balance Sheet and related notes.
Thi5 report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act
2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to
state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this
report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity tru5tee5 of The PCC of The Annunciation Bryanston Street you are responsible for the preparation of
the accounts in accordance with the requirements of the Charities Act 20111'the Act'l.
I report In respect of my examination of the The PCC of The Annunciation Bryanston Street'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 14515llbl ot the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and
consequently doe5 not cover all the matters that an auditor considers in giving theSr oplnion on the financial
statements. The planning and conduct of an audit goe5 beyond the limited assurance that an independent
examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true
and fair, view and my report is limited to those specific matters set out in the independent examiner's statement.
Independent examlnerfs statement
Since The PCC of The Annunciation Bryanston Street's gross income exceeded £250,000 your examiner must be a
member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of 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 glving me cause to believe that in any material respect:
l. accounting records were not kept in respect of The PCC of The Annunciation Bryan5ton Street as requlred by
section 130 of the Act,. or
2. the financial statements do not accord with those records,. or
3. the financSal statements do not comply with the accounting requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requSrement
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.
Page 11

The PCC of The Annunciation Bryanston Street
Independent Examiner's Report to the trustees of The PCC of The Annunciation Bryanston
Street lcontinued)
Tim Sullivan FCA
Field Sullivan Limited
9 Hare and Billet Road
London
SE3 ORB
Date..
Page 12

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The PCC of The Annunclatlon Bryanston Street
(Registration number: 1146634)
Balance Sheet as at 31 December 2024
2024
2023
Note
Flxed assets
Tangible a55etS
13
1,194
Current assets
Debtors
14
184,552
83,434
56,220
48,871
132,756
73,572
Investments
15
Cash at bank and Sn hand
16
324,206
255,199
Creditors.. Amounts falllng due within one year
17
1138,2471
Net current asset5
185,959
255,199
Net assets
187,153
255,199
Funds of the charity:
Restricted income funds
Restricted funds
39,128
Unrestricted income funds
Unrestricted funds
187,IS3
216,071
Total funds
20
187,153
255,199
The financial statements on pages 13 to 28 were approved by the trustees, and authorised for issue on 28 April
2025 and signed on their behalf by..
Revd Dr Lincoln Harvey
Chairman
zoJ¥/zS
The note5 on pages IS to 28 form an integral part of these financial statements.
Page 14

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024
I Charity status
The charity is domiciled in England and Wales.
The address of its registered office is..
Church of The Annunciation
Bryanston Street
WIH 7AH
These financial statements were authorised for issue by the trustees on 28 April 2025.
2 Accounting policies
Statement of compllance
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 IFRS 1021 leffective l January 20191
(Charities SORP IFRS 1021- Second edition October 20191, the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charitie5 Act 2011.
Basis Qf preparation
The PCC of The Annunciation Bryanston Street meets the definition of a public benefit entity under FRS 102. The
accounts Ifinancial statements) have been prepared under the historical cost conventlon with items recognised at
C05t or transaction value unless otherwise stated in the relevant notelsl to these accounts.
Golng concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concern.
Judgements and key sources of e5tlmatlon uncertalnty
In the applicatlon of the charity's accounting policies, the trustees are required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factor5 that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.. Revisions to accounting estimates
are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the
period of the revision and future periods where the revisions affects both current and future periods.
Page 15

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Income and endowments
Voluntary income includlng donations, gifts, legacies and grants that provide core funding or are of a general
nature is recognlsed when the charity has entitlement to the income, it is probable that the income will be
received and the amount can be measured with 5ufficlent reliability.
Donutions und legacles
Donations and legacies are recognised on a receivable bas15 when receipt is probable and the amount can be
reliably measured.
Gronts receivuble
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Investment Income
Dlvidends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, It Ss probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
Costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support cost5 are allocated based on the spread of staff costs.
Rai5ingfunds
These are costs incurred in attracting voluntary income, the management of Investments and those incurred in
trading activities that raise funds.
Charitable actlvltles
Charitable expenditure comprises those costs incurred by the charlty in the delivery of its activities and servlce5 for
its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Page 16

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Grant expenditure
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the
charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such
grants are only recognised in the Statement of Financial Activities once the recipient of the grant has provided the
specific service or output.
Grants payable without performance conditions are recognised in the accounts when a commitment has been
made and communicated to the recipient, and there are no conditions to be met relating to the grant which
remain in the control of the charitv.
Grant provi5ion5
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but
there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxatlon
The charity is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore
it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is
potentially exempt from taxation in respect of income or capital gains received within categories covered bv
Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to
the extent that such income or gains are applied exclusively to charitable purposes.
Tanglble flxed asset5
Individual fixed assets costlng £SOO.00 or more are initially recorded at C05t, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Depreclatlon and amortlsatlon
Depreciation is provided on tangible fixed asset5 $0 as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows..
Asset class
Office equlpment
Depreclatlon method and rate
straight line at 20%
Current a55et Investments
Current asset Investments are included at the lower of cost and net realisable value / market value.
Page 17

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordlnary course
of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provislon for the impairment of trade debtor5
is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabllities If the does not have an unconditional
right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the
reporting date. If there 15 an unconditional right to defer settlement for at least twelve months after the reporting
date, they are presented as non-current liabilities.
Trade credltor5 are recognised initially at the transaction price and subsequently measured at amortised cost uslng
the effectSve interest method.
Fund structure
Unrestricted income funds are general fund5 that are available for use at the trustees discretion in furtherance of
the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustee5.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
Pen5ion5 and other post retirement obligatlons
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity ha5 no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recogn15ed in the Statement of Financial Activities when they are
due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 18

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued)
3 Income from donatlons and legacies
Unrestrlcted
funds
General
Restricted
funds
Total
2024
Total
2023
Donations and legacies,.
Planned giving
Appeals and donations
Unplanned giving
Gift aid reclaimed
Grants, including capital grants,.
Westminster Council
War Memorials Trust
The National Lottery- Heritage Fund
St Giles and St George
Lady Peel Trust
Listed Places of Worship
National Churches Trust
London Diocesan Fund
23,329
15,969
12,725
3,580
23,329
15,969
12,725
3,580
21,032
7,920
19,240
12,500
20,000
36,000
2,000
2,500
12,500
20,000
36,000
2,000
2,500
7,326
6,500
8,000
45,000
7,326
6,500
8,000
10,125
62,929
87,500
150,429
103.317
Page 19

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 Icontinued)
4 Income from other trading actlvltles
Unrestricted
funds
General
Total
funds
Total
2023
Rental income
125,000
30,549
125,000
30,549
125,000
25,620
Utilities recharge
155,549
155,549
150,620
S Other Income
Unrestrlcted
funds
General
Total
2024
Total
2023
Other income
134
134
300
6 Investment income
Unrestrlcted
funds
General
Total
2024
Total
2023
Interest receivable and Similar income;
Interest receivable on bank deposits
7,715
7,715
5,913
Page 20

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
7 Expendlture on raising funds
a) Costs of generating donations and legacie5
Unrestricted
funds
General
Total
2024
Fundraising costs
2,500
2,500
8 Expenditure on charltable activitles
Total
2024
Total
2023
Note
Clergy and vicarage costs
Gifts for clergy/volunteers
Hospitality
Diocesan Common Fund
Music and organist
Project and events costs
Sunday School
Major repairs
Church presentation
Charitable donations
Cleaning
Subscriptions
Support Costs
286
208
265
329
304
945
91,300
33,796
8,869
208
87,775
27,670
14,836
597
25,916
3,547
25
2,500
25
1,879
572
212,406
1,597
65,557
379,373
202,039
Page 21

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
9 Analysls of support COStS
Total
2024
Total
2023
Staff costs
Wages and salarle5
Pension costs
38,092
760
28,552
Con5ultancv
Project coordinator
Legal and professional
Depreciation, amortisation and other similar costs
21,984
37,186
66,273
299
425
18,589
9,609
11,737
6,865
Insurance
11,778
6,698
937
Repairs and maintenance
Casual wages
Fire services
1,584
432
973
Equipment repairs and renewals
Telephone and fax
Printing, postage and stationery
Independent examination
Bank charges
779
1,058
4,217
2,160
359
877
5,159
581
212,406
65,557
Page 22

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 Icontinued)
10 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees..
Revd Dr Llncoln Harvey
Reverend Lincoln paid £2,15012023: £nill privately for busine55 expenses on behalf of the church. These have been
reimbursed before the year end,
Gavin Monk
Gavin Monk received remuneration of £14.82312023.' £1,161) during the year.
Gavin Monk is an employee, as well a5 a trustee. He wa5 paid the above for his Premises Manager and Verger
position in line with the Charity Commission and the PCC Measures compliance.
Mr Monk paid £942 12023.. £nill privately for business expenses on behalf of the church. These have been
reimbursed before the year end.
11 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff c05t5 durlng the year were:
Wages and salaries
Pension costs
38,092
760
28,552
38,852
28,552
The monthly average number of persons lincluding senior management / leadership team) employed by the
charity during the year expressed as full time equivalents was as follows:
2024
No
2023
No
Charitable activities
112023 - 11 of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year
Page 23

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 20241continued}
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tanglble flxed 355ets
Furnlture and
equipment
Total
C05t
Addition5
1,493
1,493
At 31 December 2024
1,493
1,493
Depreciation
Charge for the year
299
299
At 31 December 2024
299
299
Net book value
At 310ecember 2024
1,194
1,194
14 Debtors
2024
2023
Trade debtors
74,575
6,043
7,082
96,852
48,871
Prepayments
Accrued income
Other debtors
184,552
48,871
The £96,852 included in other debtors, is due from Bryan5ton Nursery @ Marble Arch Limited in relation to thelr
Leicence, to restore the Deposit to £125,000 level in line with the Deposlt Deed.
15 Current asset investments
2024
2023
Cash deposits
83,434
132,756
Page 24

The PCC of The Annunciation Bryanston Street
Notes to the Flnancial Statements for the Year Ended 31 December 2024 (continued)
16 Cash and cash equivalents
2024
2023
Cash at bank
Short-term deposits
27,495
28,725
31,290
42,282
56,220
73,572
17 Credltors: amounts falling due within one year
2024
Trade creditors
7,754
126,158
4,335
Other creditors
Accruals
138,247
Included in other creditors. there is £125,000 deposit in respect of the licence agreement with Bryanston Nursery
@ Marble Arch Limited (the Llcenseel.
18 Obligations under leases and hire purchase contracts
The total value of future mlnimum lease payments was as follows..
2024
2023
Within one year
In two to five years
720
2,500
1,435
3,220
1,435
19 Pension and otherschemes
Deflned contribution pension Scheme
The charity operates a defined contrlbution pension scheme. The pension cost charge for the year represents
contributlons payable by the charity to the scheme and amounted to £76012023 - £NIII.
Page 25

The PCC of The Annunciatlon Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 20241continued)
20 Fund5
Current period
Balance at
31
December
2024
Balance at I
January
2024
Incomlng
resource5
Resources
expended
Transfers
Unrestricted funds
General
General Funds
215,090
226,327
1225,3851
128,8791
187,153
Deslgnuted
Appeal fund
981
19811
Total unrestricted funds
216,071
226,327
1226.3661
128,8791
187,153
Restricted funds
Sunday School
Sharing Our Future
Fellowship Hall Charity Trust
4,500
83,000
14,5001
1142,0431
18,9641
30,164
8,964
28,879
39,128
87,500
1155,5071
28,879
Total funds
255,199
313,827
1381,8731
187,153
Page 26

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Previous period
Balance at I
January 2023
Incomlng
Te50urtes
Resources
expended
Balance at 31
December 2023
Unrestrlcted funds
General
General Funds
196,107
205,025
1186,0421
215,090
Deslgnated
Appeal fund
981
981
Total unyestrlcted funds
197,088
205,025
1186,0421
216,071
Restrlcted funds
Sharing Our Future
Fellowship Hall Charity Trust
45,000
10,125
114,8361
11,1611
30,164
8,964
55,125
115,9971
39,128
Total funds
197,088
260,150
1202,0391
255,199
The Specific purpose5 for which the funds are to be applied are as follows..
Sunday School - funds received from St Giles & St George and Lady Peel Legacy Trust to help with the 'Children and
Families Worker, salary.
Fellowship Hall Charity Trust - received for the salary of the 'Premises Manager and Verger,.
Sharing Our Future
funds received from The National Lottery Herltage Fund, The War Memorials Trust,
Westminster City Council, London Oiocese - Area Cour5ciI and National Churche5 Trust to cover related costs to
repaSrs and conservation works to the war memorial and pilot projects with the Deaf Church and Hampden Gurnev
School.
It was agreed by the board, before applying for fundlng, that part of the 'Sharing Our Future, project will be
covered from the PCC'S unrestricted funds. Thus a transfer from general, unrestricted fund was done to cover the
shortfall for expendture relating to this project.
Page 27

The PCC of The Annunciation Bryanston Street
Notes to the Financial Statements for the Year Ended 31 December 2024 {continued
21 Analysls of net a55et5 between funds
Current period
Unrestricted
funds
General
Total funds at
31 December
2024
Tangible fixed assets
Current assets
1,194
324,206
1138,2471
1,194
324,206
1138,2471
Current liabilitie5
Total net assets
187,153
187,153
Prevlous perlod
Unrestrlcted
funds
General
Total funds at
31 December
2023
Restrlcted
funds
Current assets
216,071
39,128
255,199
22 Related party transactlons
There were no related party transactions in the year beside those detailed on note 10.
Page 28