REGlStERED COMPAY¥ P* uf4iBgR: 077811681 IEngland and Ivales) REGISTERED CIIARITI, NLIMBER: 1147429 Report of tbe Trnstees *nd lJngudited Finglbti#l Statements for the YeAr Ended 31 Detembtr 2024 for The S¢ P4i¢holg5 Cole Abl)ei' Ctnlre for 'orkplact ￿lin141r) Limited Garsidc and Co. Limi*d Suite 631. Linen Hall 162-168 Regeni Styeet Londo WIB5TG The St iyicholas Cole Abbey Centre for Workplace Ministry Limited Conttnts of the Financial Statements ror the Ycar Ended 31 Decernber 2024 Page Rtferen¢e Adminlstr•tivt Del4i15 Report of the Trustees Indeptndent Ex•miner'$ Report Statement of FinAncig1 A¢tiviti¢s BolAllte Sheet 7 to 8 Cash Flow St*tement Notes to the Cash Flow Statenienl 10 Notes to the bingncial St*tement$ 11 to 18 DétAiled St#temetht of Fin#nci#l A¢tivi¢i¢s 19 to 20 The St Nichola5 Cok Abbtv Centre for WorkplAce Ministry 14iriiitéd Referentt anil Adrnini51rgtive Detai for the Year End¢d 31 December 2024 TRUSTEES G A Brisk R P Ten (resigned 27.7.2024) TJCEvans ANMWales T OMvsu-Seky¢re PKMFun8 DAH(kr D A C Meiklejohn {ap[￿l￿ted 26.9.20241 COMPANY SECRETARY S G Burden REGISTERED OFFICE 114 Queen Vit￿ri2 Street )ndon EC4V 4BJ RECISTEREDCOMPANY NU￿1BER 07780681 (En8larMI and Wales) REGISTERED CHARITY NUMBER 1147429 INDfr'PF.NDLNT EXAMIliLR Garside and Co. Ltmited Suiie 6.11. l.inen Hall 162-168 R¢geni Stye¢i London WIB 5TG BANKERS Rcliance Bank Limited Faith IIou5C 23-24 Lovai Lane London EC3R 8EB Page I The Si Nicholas Cole Abbey Ctntre for Workplace Ministry Limited (Registered number- 07780681) Report of the Trustees ror ihe Year Ended 31 Decernber 21)24 The trustees of The St Nicholas Colc Abbey Cenire for Workplace Ministy Limtied (SNCAI. wkn are also directors of the charity for tl)e purposes of the CompaTbie$ Ad 2006. present their financial statements of tlie charity for the year et)d¢d 31 December 2024. The Trustees have adopted the provisions of the Siateinent of Recommended Practice ISORPI 'Accounting and Reporting by Chkrities.. Sthiemeni of Recommended Practice applicable io cliaTlti¢s prepari118 Iheir accounis in a¥¢()rdance with the FLiJatlCLal ￿¢￿rtIng Standard applicable in the UK and Republic of Ireland IFRS 1021,: leffeciive l January 20191. 0￿ECTIVEs AND AcfiviTILS Objeilives The objects OI'SNCA are to advance ihe Chn"stian faith for the benefii of the public. through.. Mijiistry olan evangelistic and teaching natur¢ to the local working community Supporting other 5imilaT niinis¢ries by providing facililics for stsff Providing facilities that enable small group and One-￿-￿￿e m¢eiin8$. and other oxasional events Ensuring that our primary facility is fil for purtK)se A¢tivities During th¢ financial r¢view period. SNCA h&$ ¢onducted ihe following principal a¢iiviii¢s.' Provision ol oversight to the mini51ries of Si Nick's Church ISNCI, Fleet Street Talks IFSTI, London Bridge Talks ILB Tl, and Si Nick's Talks ISN'T) and Vi¢loria Talks (VT). Weekly lun¢hiim¢ Bible talks on Tuesday5. Wedne￿ayS, and Thur5diy$. fa¢ililaled by LB T. FST, SNT and VT respectively. Weekly Slinday moming s¢rvi¢es run by SNC. Weekly mornin8 Bible Siudi¢s for local Chri51ian workers. Weekly sm811 ¥roup Bibl¢ siiidi¢s Wednesday ev¢nin8S. Termly Word Ministry .1 raining fOLirses specifically for peopl¢ involved in SNC. Ihrough which individuals are trained and eqiiipped ¢0 understand the Bible better for ihcmselves and 10 leach il to uihers in a variety of coniexi$. Occasional evcnin8 evangelistic evcnts aimed ai people who are inv¢siigaiing the Chrisiian faith. .hris113nity Explored courses run at various points in the year for peoplc to inv¢sti8ate the ChT15tian faith and thc claims olJ¢sUS. A significant number of people participating 111 or1e-to￿ne Bible siudies and dis¢ipleship. Three wcekends of Bible tca¢hin& pray¢r, and fellowship for people involved in SNC andlor Wednesday evening small gTroups. Welcoming members of Ihc publi¢, who comc into the si Nick's building ihanks to the aciiviti¢s of ihe Wren coffee Shop.. and iniroducin8 them io the mini51ry events through Posiers. flyers and conv¢isaiions. Publi¢ benefit Tlie triislccs have consideT¢d the Charity Commissioners, Guidance on Publi¢ Benefit and. in particular, the specifi¢ guidance on Charitie5 for the Advaneement of Religion and are salL5fied ihat ihe activities of SNCA fall wi¢hin such guidance. AcHIE￿.E￿￿NTs AND PERFORfvIANCE Th¢ Irusiees coiisider that Ilic Inain a£hievem¢nl of SNCA in th¢ finan¢ial p¢riod h&s been ih¢ public proclaination of the gospel tlirough servic¢s conducted by the minis¢ries of SNC. FST. LB T, SNT wr as well as through Bible studies, one-(o-one ministry, and oiheT events. FlIYANI.'IAI. RETr'IEW FinAncial positio In ihe financial year lo 31 December 2024 SNCA'S iotal income Wds £575.013 {2023.. £545,846}. The incotne comprised dt)naiions and gifts of £499.030 {2023.. ￿73.377) and other aclil'ilies of £75,983 12023.. £72,469). SNCA'S ial expenditur¢ In the period wa5 £615,918 (2023.. £638.3651. ￿$￿IlIng irh a net expenditUTe for ihe year of £40,906 12023.. nel expenditurc of £92,512). Totsl s¢aff costs wer¢ £184.297 {2023". £194.21] }. being of total expenditure (2023." 3 10/0 Page 2 The.St Nicholas Cole Abbey Centre for Workplgce ￿lIn131ry Limiied {Reg￿tered number: 0778116811 Report of the Trusttes for the Year Ended 31 D¢¢ember 2024 FINANCIAL REVIEW Reserve5 SNCA'S resetves p)licy is to establish reserves at a level which equates to at le8St two months chaTitoble ¢¥p¢nditur¢.The trustees believe ihis provide$ 3 suitable l¢v¢l of working capital thai pYo*cts the ¢harity'5 core work as well as providing funding for uDfoT¢S¢¢Th and uThcxpccia events 01 opporluDIti¢s. As al I l December 2024, SNCA had c&sh at bank and in hand of £lOO.127 {2023.. £106.0611. which represented a little less than two monihs of ioial expendI￿re. We launched a Cgpiial Giving App¢ai at the of 2025 in order to incre&se the level of our r¢s¢ryes. The response has been posilive to date FUTIIRE DEVELOPMENTS We are prayeilully hopin¥ In hclp launch a new Sunday c4)n8Te8aiion meeiin8 in ili¢ Clapliaii) Juiiction area froiii Sepleniber 2025. We are thankful ihai our thumber of attendees 15 growing in the morning service. and wi$li to ¢nsur¢ there is enoii8h spaee for everyone lo m¢ei. W¢ have pui our plans on hold for an cvening service until the Claphani Jun¢¢ion ¢hurch 1$ ¢siabli5h¢d and wc can rcasses5 the nced and Tcsources available. We continue io n¢¢d addiiiot)al space for the children's work on Sunday mornings. We ¢Oniinue to explort suitable tsplions for additional space. STRiicfuRE, GOVERNANCE AND MANAGEMENT In 2024 Ili¢re were no applicable requiremenis imposed by a Code of Practice utider sectioii 5A of the Safeguarding and Cl¢r￿Y Dis¢iplin¢ Measure 2016. Wc hav¢ ¢orbtinu¢d io hav¢ due re8ard ￿ the House of Bi5hop'5 8Uld￿￿e. TrusteeB SNCA'S ar(icles of associaiion appoints ihe trusiees io manage ihe affairs of SNCA attd to exercise all ilie powers of SNCA. In cortsidering the appoinimenl of new triiMees. the existing tnsiees must have re8ard to the skills. knowledgc. and experience needed for the effecrive adminisirdiion of SNCA. Every irusie¢ musi subs¢rib¢ ond adhere in b¢lief aNI liftsiyle io Ihe docirines se¢ out in Article 3 of the anicles of ￿SOCIatIon. There are no fornial pro¢cdures for ihe induction of trustees. Trustees are provided wilh appropriate trainin8 when required and h•ve regard io training re¢i>ittmeiided by the Chureh of EnL¢land. Trn51et Meeilngs The Irusi¢es meet ordinarily 34 limes a y¢ar at)d on an ad ho¢ basis ivh¢n rcquir¢d. Trusic¢ me¢iings ar¢ cliaired by Greg Brisk. TTU5t¢c of SNCA. The Iru51ec5 tske apptopriaie decisions on the operation of SNCA. Th¢ irusiees also adopt policics 10 comply with legislaiion in the are￿ of healih and safety. chiltl proie¢iion. and conflicts of interest. Day to day financial maiters are delegated by ihe trusiee$ io SNCA'S treasurer. P¢ny Fung. and its finance manager. Caroline Trishlock. The trusttts have oversi¥ht of financial mailer5, including approval of major itcms of cxpcnditUTe alid the aniiual budgel. Day to day ministry maUer5 arc delesatcd to the Rev¢Ttnd Chris Fishlock. who repDrts oil (hose matt¢r5 to the Irust¢¢s ￿gularly. Ri$k mxnigement The trustees have a dury io idenlify and review the risks to vthich the charity 15 exwsed and to ¢iisur¢ appropriaie controls are in place to provide reasonable 15surance against fra￿ and error. Compreh¢nsiv¢ ￿fegUardIng and financial policies in plxe Ls well a5 a staff handiwk outlining acr¢ptabl¢ practices. Secondary approval, ov¢rsight ar￿ ￿g￿l￿[ reporting ¢0 the mana8ement and trustees 15 in plac¢ for all iniportant and significathi d¢¢isioDs io provide this assurance Approved by order of the board of tn]stees on 4 Septern￿r 2025 and signed on its behalf by.. Page 3 TIIE sr YlCllOLAS COU A•IIIY CTr.fmtk FOR WORKPLACE MINISTIIY LIMrrED IIIEGisfeRED,YUMbER: •nwii FOWI THE YEAR FNDV.DJI DECEMBER 2•J4 Independent Exarniner's Report to the Trustees of The St Nichola$ Colt Abbtv Centre for Workpl#cÈ Ministry Limited (Registered number: 077811681) Independent exajniner's report ¢0 th¢ trustees of The St Plithoias Cole Abbey Centre for Workpla£¢ Min￿try Limited {'the Company,) OTh Revised Finin¢i41 Si#iements I report lo the charity trusiees on my exaniination of th¢ of the Compxny for the year ended 31 D￿ernber 2023. Responsibilities and basi5 of rew)rt As the charity's trustees of the Company land also its directors for the Put￿SeS of company laiwl you are re5poiisibl¢ for the prepaT>tion of the accounts in accordance wth ihe rwuircmeTrts of the Companies A￿ 2006 {'Ilie 2006 Act'}. Having satisfjed myself thar the accounts of the CoMpan} not required io be audited under Part 16 of the 2006 Aei and are eligible for independent examination, I i¢tK)rt In Tespecl of my examination of your charity's a¢¢ounts as carried out under Section 145 of the Chariljes Aci 2011 I'ih¢ 2011 ACVI. cartVLlI? Oljt my examination I have follow¢d the Ditt¢tions givtn by the Charity com￿1$s1o￿ under Seciion 145(5} {bl of the 201 l Art. Independent exarniner's $tgtement Sin¢e your charity's gross iiicome exc¢¢d¢d £250,(th your examiner must be a Tnenjber of o Iisitd body. I can confirni that l ani qualified (o undertake the examinaiion because l #m a Tnember of the Institute of Chartered A¢¢ountsnts in England and Wales. ￿h)Ch is one of the listcd bodies. I hav¢ ¢4mpleted my examination. l ¢onfinn that no matters have ¢ome to my attention in connection with the examination oivinv me cause io believe.. l. accounting records were nor kept in respect of the Company as required by Section 386 of thr 2006 Ac( or 2. the accounts do not accord wilh th05¢ r¢cords", or 3. the accounts do not C4)￿PIY with the accounting requirenients of Sectton 396 of the 21)06 Aci other than any requir¢m¢nt that the accounts give a true and fair view ivhich 15 ljot a Thatter Considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods arkd piin¢iples of the Statement of Recommended p￿tiCe for accouniing and ieporting by ehariLies (applicable io cliariiies preparing their acco￿nts in accordance with the Financial Reportiog Standard applicable in th¢ UK and Kepublic o(Ir¢land IFRS 1021). I have no ¢on¢ems and have come arioss n(p other matt¢rs in connKtion with th¢ examinatjon to which attention should be drawn in this report in ordei lo enable a proper understanding of the accounts to ￿ rtatifi¢d of ITS legal entitlement, ihe amoun¢ du¢ is quantifiable and its uliimare receipi by the SNCA is prnbable. Interest eam¢d on bank de￿$11 a¢counts is ac¢ounted for when received. d) Exptnditurt recogniiion Liabilithes are reco8nised as expenditure as soon as tkre is a legal or wnsvu¢LiV¢ obligation ¢ommittiiig to that expenditure. it is probable Ihai settlemeni will be r¢quir¢d and ihe amouni of ihe obligation ¢an be Incasur reliably. All expenditure is a¢¢ounied for on In basis. el Current Amounts 0￿d lo the SNCA at the Y￿ end in r¢s￿¢t of fees. gift aid r¢rov¢tabl¢ or other i￿0￿¢ are Shown as debtors, le55 provision for amoynts tha¢ may prove wi¢oll¢ctibl¢. f) Fin*neig1 instrume*ts The chaiity Onl j has financial assets financial liabilities of a kithd qualify as basic finknck&l irtstnjments. Basic fanancial i11slrurnents are initially recogEJi5¢d al Iransaction value and 5ub5equ¢iiily nieasured al their settleiiienl value willi Ihe exception of bank loans which are subsequently measured at amortised c4)sI usiJi8 the effective Int¢ies1 tneihod. Pagell ontiTru¢d... The St liiehol#s Cole Abbey Centre lor Workplace Ministry Lirnited Notes to the Finaneigl Statements- contiDued for the l'ear Ended 31 De¢ernber 2024 ACCOUI¥4TING POLICIES- continued Basis of prep#rine the fi￿￿￿¢191 statemevts gl T*Aation The charity is exempt from COTporation lax on irs charithble activities_ h) Tangible fixed #5sets Depreciation is provided at the folloming al￿￿al rdtes in order to wtil¢ off each asset over its estitnat¢d useful Improvements to leasehold property Fixtures and fiiiings Cornputer equipmeni - itl accordance with the ternis of the lease - 20Q/• on ¢0 i) StoclLS Stocks are va]ued at the lower of ¢ost ar￿ net realisable after making due allowance for obsolete athd slow mo￿ng items. j) Investments Investments are valued at market value at 31 Dcctmber. Realised athd uniealised gains or losses on invesiments are dealt with in the Statement of Firtancjal Acti￿111¢5. Pension tosts and other po$t*retTTement benefits The charitable ¢ornpany operates a dcfined contribthion pethstort scheme. CO￿trIbUtIOnS payable to the charitable companys pension s¢heme are Charged to the Statement of Financial Activiries in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations & gifts DonatlOll5 toward catering cost 490.725 8,305 467.271 6.106 499.030 473.377 OTHER TRADING Acfii'iTIES 2024 2023 Bi)ok sales Rental income Other incoine-weekend away Other incotne-uiilities contribution Other income-telecom mast SNCA Events income 1.744 503 25.975 5,659 20.211 8.981 1.995 6,030 20,254 4,970 19,292 10,224 63.073 62,765 Page 12 continud... The St Nichol%s Cole Abbey CeDtre for Workploce Ministry Limi¢¢d Notes to the Finanei91 StxtemeNts- contin￿ed for the Year Ended 31 December 2024 INVESTMENT IIYCOI¥IE 2024 2023 Interest 64 41 OTHER INCOME The Other in¢ome amount of £12.846 consists of £10,026 (2023.. £9.6331 for th¢ provision of Staff foT Distaff Lanc Coffee and £2.820 (2023.. £301 of sundry income. RAISING WUNDS Other Iradin¥ activities 2024 2023 Books pur¢hased for re￿1¢ Catering expenses 2.537 27,311 2.217 16,264 29.848 18.481 CHARITABLE ACTIVITIES COSTS Support costs Isee nole 81 Direct Costs Totals Charitable Activiiies keslricled Activities 544.897 iO,510 10.663 555,8{)O 30.510 575.407 10,663 586.070 SUPPORT cosrs Govenian¢e ¢osts Ind¢p¢nd¢nl examin¢rfs fees- Cvrreni year Legal fees 5.250 4.676 9,926 737 Bank charges 10,663 Page 13 continued... The St Nichola5 Cole.4bbey Centre for Workplace Lministry Limited Notes to the Fin?neial Statem¢￿15- tontin￿ed for the Ye*r Ended 31 Deeejnber 2024 NET If4iCOMEI{EXPENDITLIRE) Net in¢oTrkellexpenditurel is stated after chargingl(crediting}= 2024 2023 Depreciation- OWI)￿ &ssets 27,421 29,465 io. TRUSTELS. REMUNEIL4TIOIN AP4D BENEFITS There were no trusiee remuneration and btnefils for the fijwjcial year tsnder revieiv {J8n - Oci 2023.. stipends.. £62,601, clergy" A¢￿￿modatiOn ¢0sts: £62.609 and clergy rnobile phone fees.. £397}. Trustee$. expenses There were no tTUSte¢ expenses for the financial year under rtvi¢w (2023.. £3,135.73). ii. STAFF COSTS 2024 2023 Wages and s>larie5 Socaal security costs Other pension costs 153,049 8,076 23.172 161.523 9,017 23.671 184,297 194,211 Key Management PersoDnel Tlie pavmenls to the London Diocesan Fund in respect of stipends amounted 10 £82,640 (2023.. £80.300) and were the total costs lor the Key Management Personnel for the year. In addition, Kev Management Personnel (who ar¢ a150 clergy) were paid attommodation ￿s¢S (rent. council tsx and Wdter rat¢s} ￿￿O￿ntIng to £98,84012023.. £78,990} Is well as tlergy TrM)bile fees of £40i12023.. £401). The average monthly number of employees duiing th¢ year Wds as follow5.. 2024 2023 Adtnilli5trative staff Ministry siaff No employe¢s re¢eived Cl￿)1U￿¢￿ts in exc¢5s of £60.O¢JO. Page 14 Continucd... The St i¥iichol#s Cole Abbey Céntre for Workplace Mtnkstry LiN]ited Notes to the Financial Statements- tontinued for the Vemr Ended 31 Dttemb¢r 2024 12. TANGIBLE FIXED ASSETS Improvements io leasehold property Fixtures and rlltings Computer ¢4uipment Totals COST At l January 2024 Additio 521,452 69.729 119 6,282 597.461 At 31 December 2024 521.452 69.848 6.282 597.582 DF.PRECIATIOIY At l January 2024 Charge for year 257.077 25.681 62.968 ,377 5.919 363 325,964 27,421 At 31 December 2024 282.758 64.345 6.282 353.385 NET BOOK VALUE Ai 31 December 2024 238.694 5.503 244,197 At 31 December 2023 264.375 6.761 36J 271,499 13. FIXED ASSET IYVESTMENTS Shar¢5 111 &PTOUP undertakings MARKET VALUE Ai l Janu3ry 2024 and 31 Lk¢¢mber 2024 NE'I BUUK VALUE Ai 31 Deceniber 2024 At 31 December 202J There were investment asseis outside the UK. The company's inv¢sim¢nis ai the balance sheei date in the share capital of companies I￿l￿de the following.. Dist#ff l.ane c.offee l.irnited R¢gi5tCTcd oific¢'. bnit¢d Kingdom Nature of bu51rie55'. Coffcc Shop Class of share.. Ordinary £1 holding Pagc 15 ntijiutd... The St Nicholas Cole Abbev Cetttre for IVorkpl¥ce Ministry Limited Notes to the Fin%ncial.St#temenls- continlled for ihe Year Ended 31 December 2024 14. STOCKS 2024 2023 Book inventory 3,610 3.935 15. DEBTORS: AMouNfs FALLINC DL'E IVITHIY OThE YEAR 2024 2023 Trade debtors Other debtors Accnjed income lin¢lud¢s nclaimed Gift Aid) Prepayments 5,117 8.800 9,980 12.742 9.977 12,188 23,877 36,082 16. CREDITORS: AMOUTrUS FALLING DVE II"'ITHIN OYE YEAR 2024 2023 Trade creditors A¢cNals and deferred income 4.679 19270 9,537 19,273 23.949 28,810 17. OVEMETrtr IN FUIYDS Net movement in funds At 31.12_24 At 1.1.24 Unrestricted funds General fund 134,127 (15,224) 118.903 Restricted funds R¢siricied fund 254.642 125.6811 228.961 TOTAL FUNDS 388.769 (40.9051 347.864 Nei movement in fvnds. in¢luded in the alM)ve are as follo￿= Incoming resources Resources expended Movement in funds Unre5tritted funds General fund 575,013 (s￿.2?7} {15.2241 Restricted fund5 Restl>¢led fund (25.6811 (25.681) TOTAL FUNDS 575.013 1615.9181 {40,905} Page 16 oniinu¢d..- The St Thieholas Cole Abbey Centre for WorkplAte Ministry Limited PIDtes to the Finanti21 Statement5- continued for the Year Ended 31 Detember 2024 17. MOVEMEP4T IN FUNDS- contirjued Comparatives for movemènt in fuTr NTet rN>vemeni tn funds At 31.12.23 At l.1.2i Unr¢$tTiCted funds General fund 200.965 {66.838) 134.127 Restricted funth Restricied fund 280.323 (25.6811 254.642 TOTAL FUIYDS 481,288 {92,519} 388,769 Comparative net tnovement in funds, Includ¢d in the above are 2$ follows.. Incoming resources Res0￿r¢t$ expended Moveineni in funds UAre5trieled funds General fund 545.846 (612.6841 (66.838) Restrif¢ed fund5 Restricted fund (25.6811 (25.681 } TOTAL FUNDS 545.846 1638,365 {92,5191 A current year 12 months and prior yvdr 12 months ¢offtbirKd tO51tion is as follo￿￿. Net movement in funds At 31.12.24 Ai l.1.2) Unrestritted funds Generdl fund 200.965 {82,062} 118,903 Restricted funds R¢stricted fvnd 280.323 (51,3621 228.961 TOTAL FUNDS 481.288 1133,4241 347,864 Page 17 continued... The St iWichol*s Cole Abbey Centre for Workplate iministrv Limittd Notes to the Financi31 Statement5- Colltinued for the l'ear Ended 31 December 2024 17. IOVEMENT IN FUTr4DS- continued A current year 12 TN)nths and prior year 12 montKs cotnbined net movement in fU￿ls. included in the above are as follows.. Incoming resources ReSou￿¢S expended Movetnent In funds UnrutTifted funds General fitnd 1.120.859 (1,202.9211 (82,062} Re5trieted funds Restricted fijnd {51.3621 151,3621 TOTAL FUTriDS 1.120.859 (1,254,283) 113.1,424} 18. RELATED PARTY DISCLOSURES Total donations fftadt to the church by tn￿¢$ durin8 the yeat amountd to £43.819 {202i." £62.570). The ¢harity rented a property wthich was owned joinlls by Reverend Chrtsiopher Fi5hlock (one of the Key mar￿geMent Personnel), Mi rs Caroline Fishlo¢k {th¢ wfe of Reverend Christopher Fislilockl, and a third party. The iotal amoLml of retji paid £J5,4881202J'. £27.5751. Mrs Caroline Fishlock was employed part lime finance manager during the yeaT under review and received a gross salary of£25,000 (202i.' £22.2681. Distaff Lane Coffee Limited {A wholly-owthed subsidiary of SNCAI During the yeaT Distaff Lane Coffee Limited made payments to SNCA amounting to £53,026 consisting of £10.026 {2023.. £9,633 ) for the Pro￿510￿ of staff for the Wten and £43.01)0 {2023.. £10,000) In doDations. In 2023 a loan of £7,625 10 Disiaff Lane Coffee Limiied was wtittrn off. No loans were made io Distaff Lane Coffee Ltmited during the vear ¢Dded 31 December 2024. Distaff Lane Coffee Limiied made donations in kind of coffee 2nd cakes for 1-2-1 bible reading and staff lunches of £2.500 during the year12023.. £1.970). Page 18 The St N'icholas Cole Abbey Ctntre for Workplace Ministry Ltmited DetAiled Statement of Financial Activities for thÉ Year Ertded 31 December 2024 2024 2023 INCOME AND Ef41)OWMEP4TS DonAtions and legacies Donations & gifts Don81ion5 tow&rd caterillg cost 490.725 8.305 467,271 6,106 499,030 473,377 Other tTadiRg gttivities Book sales Rental incoine Otlier income•weekend away Oiher income-utilities contribuiion Otlier income-telecom masi SNCA Evettts Income 1,744 503 25,975 5,659 20.211 8.981 1.995 6.030 20,254 4,970 19,292 10,224 63,073 62,765 Inve5tmenf intom¢ Inicrcsi 41 Oth¢r income Licensing fees Sundry incotne 10,026 2.820 9,663 12,846 9,663 Total intomithg re5011Tces 575,013 545,846 EXPENDITURE Other trnding *ttlVjlitS Books purchased for resale Catering expenses 2.537 27,311 2.217 16.264 29,848 18.481 Charitable activitie5 Wages Social se¢urity Pension5 Light and heat Events expei)ses Building expenses-SNCA Office supplies Insurance Building expenses*21 Fleet St Books and publications Carried forward 153.049 8.076 23,172 19,773 16,097 40,914 2.)44 5,992 25.827 597 295.841 161,523 9,017 23.671 12,850 15,953 52.402 2.281 5,508 38.983 3)4 322.522 This page does tK>i fonn part of the stsfuiory financial sr21ements Pase 19 The.St IYiLholas Cole Abbey CeDtre for Workplace IMini5try Limited D¢t#iled Statement of FTnancial Artivities for the Year Ended 31 December 21124 2024 2023 Charitable activitie5 Brought forward Computer expenses Clergy accommodation costs Clergy expenses Staff eX￿nSe5- non clergy Otljee runnjng costs Weekend away costs Ministry giviiig and bursaries Crèche & Sunday School Resources Building expens¢s-Victoria Talks Depreciation of tangible fixtd assets 295,841 322,522 1,231 73.722 85,969 91,647 90.237 11.356 15,539 29.222 1.840 654 347 27.421 13,678 29,572 16.610 6,704 8,508 29.465 575.407 599,111 written otT Loan written off 7.625 Support ¢ost5 Finance Bank charges 7i7 780 Governanee tosts Independen¢ examFnerfs fees- curretlt year Legal fees 5.250 4,676 5.250 7,118 9,926 12,368 Total re50urce5 expended 615.918 638,365 Net expenditure 140.905) 192.5191 This page does not fonn pan of the sthmtory fJnan¢ial stsiements Pag¢ 20