## **St Mary’s Church Hornsey Rise** 

**End of Year Financial Statements** 

**Year ending 31[st] December 2024** 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY HORNSEY RISE 

Legal and administra=ve informa=on 

|Parochial Name|St MaryHornseyRise|
|---|---|
|Correspondence Address|St Mary’s Church,AshleyRoad,London,N19 3AD|
|PCC Members||
|Ex Officio Members<br>The Incumbent<br>Associate Vicar<br>Curate<br>Church Wardens<br>Treasurer|The Reverend Tamsin Merchant<br>The Reverend Robert Merchant<br>The Reverend Shawn Woods (from July 1st 2024)<br>Joanne James<br>Elaine Clarke<br>Jacqueline Barnes|
|DeanerySynod Representa=ve Mar|resenta=ve Margaret Pickard|
|Elected Members|Cheryl Benne[ (Parish Safeguarding Officer)<br>Kelly Cusumano (Children’s Champion)<br>Carlos Jesus Santos-de-Barros<br>Tina Mansi<br>Carole Sammy<br>June Sco[<br>Dennis Skilling<br>David Sweet<br>Yvonne Watson|
|Charitable Status|St Mary’s Parochial Church Council is registered with the Charity<br>Commission<br>Registered CharityNumber 1150821|
|Bank|CAF (Chari=es Aid Founda=on)<br>25 Kings Hill Avenue<br>Kings Hill<br>West Malling<br>Kent ME19 4TA|
|Parish Administrator|Cameron Ayres|
|Parish Book Keeper|Kevin Ogilive of Charity Book Keeping|
|Independent Examiner|David Green of Gowers Limited<br>Chartered Accountants, The Old School House, Bridge Road,<br>Hunton<br>Bridge,Kings Langley,Herts,WD4 8SZ.|
|||



## AdministraHve InformaHon 

The Church of England parish of St Mary’s Hornsey Rise is part of the Deanery of Islington within the Episcopal Area of Stepney within the Diocese of London. The correspondence address is St Mary’s Vicarage, 3 Highcroft Road, London N19 3AQ. The PCC is a registered charity (No. 1150821). 

St Mary Hornsey Rise, Ashley Road, London, N19 3AD. 020 7916 2710 contact@smhr.org.uk Registered Charity 1150821 



## Structure, Governance and Management 

There is a Parochial Church Council (PCC) to govern the parish. The method of appointment of PCC members is set out in the church representation rules. All church attendees are encouraged to register on the electoral roll and stand for election to the PCC. There are 66 members on the church electoral roll (as at 31[st ] December 2022), an increase of 10 on the previous year. This increase reflects those who moved away or died in the preceding year and those who joined the church electoral roll. 

## ObjecHves and AcHviHes 

St Mary’s PCC has responsibility of cooperating with the incumbent, the Reverend Tamsin Merchant, in promoting in the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Hall of St Mary. Ashley Road, London N19 3AD. 

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Mary’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship seek to put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: 

- Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. 

- Provision of pastoral care for people living in the parish. 

- Missionary and outreach work. 

## PCC MeeHngs 

- Mission Ac=on Plan. PCC are responsible for the mission and ministry of St Mary so we regularly discuss the mission ac=on plan. Developing mission opportuni=es with youth and on our estates with other Islington churches 

- Developing our safeguarding plans, responses and training of PCC members and various members of the church. Safeguarding is an item on the PCC agenda each =me, through reports and discussion and PCC members undertaking Safeguarding Training. 

- • Finance: 

- Buildings: See the buildings report these all come through PCC 

- Policies: Through the year the PCC review policies & risk assessments: Health and Safety, Fire, privacy policy, grievance, equal opportuni=es and social media. 

- Training: The PCC have undertaken Safeguarding training and ensure all volunteers keep up to date with training in Safeguarding, Health and Safety as required. 

St Mary Hornsey Rise, Ashley Road, London, N19 3AD. 020 7916 2710 contact@smhr.org.uk Registered Charity 1150821 



## Financial Review of the year 2024 

Financially in 2024 we saw an increase in our total income to £251,060. This was partly due to an amazing legacy from Neville Frith a beloved member of the church who died in 2023. Our expenditure in 2024 was £219,349. Our responsibility as a parish is to contribute to the parish share of the Diocese of London, this seeks to pay for the cost of a vicar, their s=pend, housing and pension, the training of new clergy and the central costs. The 2024 common fund cost was £91,300 and St Mary’s contributed £73,000 towards this cost. We are therefore in receipt of benefit from the Diocese of London for the ministry of St Mary and the PCC seek to strive to increase our contribu=ons to meet the full cost of ministry. 

We started the period with a bank balance of c.£82,494 and ended the period with a balance of c. £119,094. 

## Reserves Policy 

of the PCC’s income that is freely available. This therefore excludes permanent or expendable endowment funds, restricted income funds, and any part of unrestricted funds which is not currently available for spending. The opinion of the PCC is that the reserves should be held at a level that will allow between three months’ contractual expenditure to be met at any =me. This implies an uncommi[ed reserve of between £20-30,000. Church income is such that income surpluses do not normally arise. If such a circumstance does occur the PCC will consider the use of a surplus in the light of their overall financial posi=on. 

## 

Law applicable to charities in England and Wales requires that the trustees prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements the trustees are required to: 

1. Select suitable accounting policies and apply them consistently 

2. Observe the methods and principles of the Charities SORP 

3. Make judgements and estimates that are reasonable and prudent 

4. State whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements 

5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue. 

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports Regulations) 2008 and the provisions of the Parochial Church Council Powers Measure. They are also 

St Mary Hornsey Rise, Ashley Road, London, N19 3AD. 020 7916 2710 contact@smhr.org.uk Registered Charity 1150821 



responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by the members of the PCC and signed on their behalf by: 

Signature 

Name: Rev Tamsin Merchant 

Date: 18/05/2025 

St Mary Hornsey Rise, Ashley Road, London, N19 3AD. 020 7916 2710 contact@smhr.org.uk Registered Charity 1150821 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARY’S CHURCH, HORNSEY RISE. N19** 

I report on the accounts for the year ended 31st December 2024 set out on pages 2 to 9. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. 

It is my responsibility to: 

- examine the accounts under Section 145 of the 2011 Act 

- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and 

- to state whether particular matters have come to my attention. 

## **Basis of the independent examiner's report** 

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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(1) which gives me reasonable cause to believe that, in any material respect, the requirements 

- to keep accounting records in accordance with Section 130 of the 2011 Act; and 

- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act 

have not been met; or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Rev. David M Green FCA Gowers Limited Bet G1. Chartered Accountants 

The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ 

18th September 2025 

_Page 1_ 



## **St Mary's Church, Hornsey Rise N19 Statement of Financial Activities For the period from 01 January 2024 to 31 December 2024** 

## **Statement of Financial Activities** 

||**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Endowment**<br>**Total**<br>**Prior year**<br>**funds**<br>**funds**<br>**funds**<br>**funds**<br>**funds**<br>**total funds**|
|---|---|
|**Receipts**<br>Planned giving<br>Collections and other giving<br>Other voluntary receipts<br>Other trading activities<br>Gift Aid recovered<br>Investments<br>Other receipts<br>Receipts from church activities<br>Love Your Neighbour Project Receipts<br>**Total income**<br>**Payments**<br>Missionary and Charitable Giving<br>Parish Share<br>Clergy and Staffing costs<br>Church Running Expenses<br>Activities directly related to Church work<br>Hall Running Costs<br>Church Repairs & Maintenance<br>Hall Repairs & Maintenance<br>Zoffany St Costs & Charges<br>Love Your Neighbor Project Expenses<br>**Total expenditure**<br>**Net income / (expenditure) resources**<br>**before transfer**<br>**Transfers**<br>Gross transfers between funds - in<br>Gross transfers between funds - out<br>**Other recognised gains / losses**<br>**Net movement in funds**<br>**Total funds brought forward**<br>**Total funds carried forward**|31,599<br>—<br>—<br>—<br>31,599<br>27,393<br>3,248<br>—<br>—<br>—<br>3,248<br>1,502<br>5,484<br>49,260<br>13,574<br>—<br>68,319<br>36,967<br>55,192<br>—<br>1,075<br>—<br>56,267<br>65,968<br>10,232<br>—<br>—<br>—<br>10,232<br>5,513<br>27,128<br>—<br>—<br>—<br>27,128<br>24,317<br>41,195<br>—<br>4,750<br>—<br>45,945<br>43,700<br>1,059<br>—<br>—<br>—<br>1,059<br>1,471<br>—<br>—<br>7,262<br>—<br>7,262<br>16,580|
||**175,138**<br>**49,260**<br>**26,661**<br>**—**<br>**251,059**<br>**223,413**<br>14,000<br>—<br>—<br>—<br>14,000<br>12,295<br>73,008<br>—<br>—<br>—<br>73,008<br>70,008<br>22,565<br>—<br>16,165<br>—<br>38,730<br>12,092<br>30,607<br>—<br>20,183<br>—<br>50,791<br>36,454<br>8,033<br>6,009<br>1,833<br>—<br>15,876<br>24,565<br>11,670<br>—<br>170<br>—<br>11,841<br>21,145<br>—<br>—<br>1,620<br>—<br>1,620<br>27,278<br>—<br>—<br>—<br>—<br>—<br>1,020<br>675<br>—<br>—<br>—<br>675<br>666<br>—<br>—<br>12,805<br>—<br>12,805<br>11,829|
||**160,560**<br>**6,009**<br>**52,779**<br>**—**<br>**219,349**<br>**217,356**|
||**14,577**<br>**43,250**<br>**(26,118)**<br>**—**<br>**31,710**<br>**6,057**<br>6,235<br>364<br>—<br>—<br>6,600<br>3,200<br>—<br>—<br>(6,600)<br>—<br>(6,600)<br>(3,200)|
||**20,813**<br>**43,615**<br>**(32,718)**<br>**—**<br>**31,710**<br>**6,057**|
||**37,310**<br>**825,763**<br>**46,862**<br>**—**<br>**909,936**<br>**903,878**|
||**58,123**<br>**869,378**<br>**14,144**<br>**—**<br>**941,646**<br>**909,936**|



_Page 2_ 



## **St Mary's Church, Hornsey Rise N19 Statement of Financial Activities** 

## **For the period from 01 January 2024 to 31 December 2024** 

|**Unrestricted**|**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**|
|**_Total funds of the parish, as above, are represented_**|**_by_**||||||
|Unrestricted|||||||
|General fund|58,123|—|—|—|58,123|37,310|
|Designated|||||||
|Dedicated gifts and donations|—|10|—|—|10|10|
|Frith Fund|—|49,260|—|—|49,260|—|
|Hall Renovation (starting with Holloway donation)|—|78,519|—|—|78,519|84,528|
|INTERN - fund for interns to include grants|—|3,335|—|—|3,335|3,335|
|Love your Neighbour (food bank and FNT)|—|—|—|—|—|(364)|
|Revaluation reserves|—|39,929|—|—|39,929|39,929|
|Zoffany St|—|698,324|—|—|698,324|698,324|
|Restricted|||||||
|Camps and Conferences|—|—|500|—|500|4,678|
|Chairs and Sounds (new chairs and sound system)|—|—|—|—|—|895|
|Cloudesley Initial Emergency Grant|—|—|—|—|—|520|
|Discretionary Fund|—|—|(883)|—|(883)|(883)|
|Hackney and Islington Programme|—|—|1,720|—|1,720|—|
|Love your Neighbour (food bank and FNT)|—|—|5,193|—|5,193|35,087|
|Maintenance|—|—|2,346|—|2,346|—|
|RCC - Sliding Doors|—|—|7,984|—|7,984|7,984|
|Tower|—|—|(2,715)|—|(2,715)|(1,419)|
|**Total funds carried forward**|**58,123**|**869,377**|**14,145**|**—**|**941,646**|**909,936**|



_Page 3_ 



## **St Mary's Church, Hornsey Rise N19** 

## **Balance Sheet detailed** 

|**Classand code**<br>**Description**|**Thisyear**<br>**Lastyear**|
|---|---|
|**Fixed assets**<br>Z444<br>6 Zoffany Street<br>696,130<br>696,130<br>Z446<br>Link Building - endowment<br>39,929<br>39,929<br>Z447<br>Solar Panels<br>96,625<br>102,155<br>Z448<br>AV Equipment<br>—<br>2,721<br>**Total Fixed assets**<br>**832,684**<br>**840,935**<br>**Current assets**<br>6502<br>CAF Current Account<br>16,460<br>34,638<br>6505<br>CAF Bank deposit account<br>91,384<br>41,601<br>6590<br>Cash in hand<br>303<br>433<br>Z05<br>Accounts Receivable<br>5,655<br>2,112<br>Z06<br>Gift Aid to be claimed<br>5,290<br>3,709<br>**Total Current assets**<br>**119,094**<br>**82,494**<br>**Liabilities**<br>6601<br>Loans received<br>5,600<br>11,200<br>6699<br>Agency collections<br>1,213<br>1,213<br>Z04<br>Accounts Payable<br>3,318<br>1,081<br>**Total Liabilities**<br>**10,131**<br>**13,494**<br>**Net Asset surplus(deficit)**<br>**941,646**<br>**909,936**<br>**Reserves**<br>Excess / (deficit) to date<br>31,710<br>6,057<br>Z01<br>Starting balances<br>909,936<br>903,878<br>Z03<br>Gains/(losses) on investment assets<br>—<br>—<br>**Total Reserves**<br>**941,646**<br>**909,936**<br>**Represented by funds**<br>Unrestricted<br>58,123<br>37,310<br>Designated<br>869,378<br>825,763<br>Restricted<br>14,144<br>46,862<br>Endowment<br>—<br>—<br>**Total**<br>**941,646**<br>**909,936**<br>**Represented by Funds**<br>Unrestricted<br>58,123<br>37,310<br>Designated<br>869,377<br>825,763<br>Restricted<br>14,145<br>46,862<br>Endowment<br>—<br>—<br>**Total**<br>**941,646**<br>**909,936**|696,130<br>696,130<br>39,929<br>39,929<br>96,625<br>102,155<br>—<br>2,721|
||**832,684**<br>**840,935**<br>16,460<br>34,638<br>91,384<br>41,601<br>303<br>433<br>5,655<br>2,112<br>5,290<br>3,709|
||**119,094**<br>**82,494**<br>5,600<br>11,200<br>1,213<br>1,213<br>3,318<br>1,081|
||**10,131**<br>**13,494**|
||**941,646**<br>**909,936**|
||31,710<br>6,057<br>909,936<br>903,878<br>—<br>—|
||**941,646**<br>**909,936**<br>58,123<br>37,310<br>869,378<br>825,763<br>14,144<br>46,862<br>—<br>—|
||**941,646**<br>**909,936**|



The financial statements were approved by the Parochial Church Council on 4th August 2025 and were signed on its behalf by: 

Rev. Tamsin Merchant 

_Page 4_ 



## **St Mary's Church, Hornsey Rise N19** 

## **Analysis of income and expenditure** 

## **Selected period: 01 January 2024 to 31 December 2024** 

||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|**INCOME AND ENDOWMENTS**|||||||
|**Planned giving**|||||||
|0101 - Gift Aid - Bank (Standing|18,459|—|—|—|18,459|18,272|
|orders)|||||||
|0201 - Other planned giving (S.o. no|13,139|—|—|—|13,139|9,120|
|Gift Aid)|||||||
|Total|31,599|—|—|—|31,599|27,393|
|**Collections and other giving**|||||||
|0301 - Loose plate collections|2,698|—|—|—|2,698|1,223|
|0501 - One-off Gift Aid gifts|50|—|—|—|50|279|
|0502 - One-off contributions (no GA)|500|—|—|—|500|—|
|Total|3,248|—|—|—|3,248|1,502|
|**Other voluntary receipts**|||||||
|0410 - Giving through church boxes|140|—|—|—|140|—|
|0550 - Donations appeals etc|5,344|—|574|—|5,918|10,088|
|0701 - Legacies|—|49,260|—|—|49,260|—|
|08A1 - Non-recurring one-off grants|—|—|13,000|—|13,000|26,879|
|Total|5,484|49,260|13,574|—|68,319|36,967|
|**Other trading activities**|||||||
|0910 - Fund Raising|241|—|370|—|611|—|
|1240 - Church hall lets – fund raising|35,957|—|—|—|35,957|41,753|
|1241 - Montessori Utilities|3,809|—|—|—|3,809|3,057|
|1242 - Church Hire|10,749|—|—|—|10,749|627|
|1243 - Church Rooms Rent|4,434|—|—|—|4,434|4,790|
|1260 - Contributions to events e.g.|—|—|705|—|705|15,741|
|retreats|||||||
|Total|55,192|—|1,075|—|56,267|65,968|
|**Gift Aid recovered**|||||||
|0601 - Tax recoverable on Gift Aid|9,772|—|—|—|9,772|1,481|
|0611 - GAYE|460|—|—|—|460|4,032|
|Total|10,232|—|—|—|10,232|5,513|
|**Investments**|||||||
|1020 - Bank and building society|573|—|—|—|573|917|
|interest|||||||
|1030 - Rent from lands or buildings (6|26,554|—|—|—|26,554|23,399|
|Zoffany|||||||
|Total|27,128|—|—|—|27,128|24,317|
|**Other receipts**|||||||
|0602 - Area Dean Admin Support|1,195|—|4,750|—|5,945|2,200|
|0802 - St Peter's income distribution|40,000|—|—|—|40,000|41,500|
|Total|41,195|—|4,750|—|45,945|43,700|
|**Receipts from church activities**|||||||
|1101 - Fees to LDF for weddings and|228|—|—|—|228|436|
|funerals|||||||
|1105 - Fees to PCC|831|—|—|—|831|1,035|
|Total|1,059|—|—|—|1,059|1,471|



_Page 5_ 



|**Love Your Neighbour Project Receipts**<br>0555 - Donations for LYN Project<br>—<br>—<br>4,712<br>—<br>4,712<br>4,024<br>0557 - LYN Fund Raising<br>—<br>—<br>—<br>—<br>—<br>600<br>0802A - Grants recieved for LYN<br>Project<br>—<br>—<br>2,550<br>—<br>2,550<br>11,956<br>Total<br>—<br>—<br>7,262<br>—<br>7,262<br>16,580|**Love Your Neighbour Project Receipts**<br>0555 - Donations for LYN Project<br>—<br>—<br>4,712<br>—<br>4,712<br>4,024<br>0557 - LYN Fund Raising<br>—<br>—<br>—<br>—<br>—<br>600<br>0802A - Grants recieved for LYN<br>Project<br>—<br>—<br>2,550<br>—<br>2,550<br>11,956<br>Total<br>—<br>—<br>7,262<br>—<br>7,262<br>16,580|
|---|---|
||—<br>—<br>7,262<br>—<br>7,262<br>16,580|
|**INCOME TOTAL**|175,138<br>49,260<br>26,661<br>—<br>251,059<br>223,413|



_Page 6_ 



## **St Mary's Church, Hornsey Rise N19** 

## **Analysis of income and expenditure** 

## **Selected period: 01 January 2024 to 31 December 2024** 

|**EXPENDITURE**<br>**Missionary and Charitable Giving**<br>1801 - Charitable Giving<br>1855 - Community Projects<br>Total<br>**Parish Share**<br>1910 - Diocese Common Fund<br>Total<br>**Clergy and Staffing costs**<br>2001 - Curate costs<br>2050 - Salary of parish administrator<br>2051 - Staff Pension<br>2055 - Estate Mission Apprentice<br>2101 - Working expenses of<br>incumbent<br>2102 - Clergy travel costs<br>2130 - Vicarage expenses<br>2140 - Water rates - vicarage<br>2150 - Vicar's telephone & internet<br>Total<br>**Church Running Expenses**<br>2301 - Church running - insurance<br>2302 - Bank Charges<br>2303 - Plant and machinery<br>2305 - Computer equipment<br>2310 - Church office - telephone<br>2315 - Printing, stationery and<br>publications<br>2320 - Music including sound<br>equipment<br>2330 - Church maintenance<br>2331 - Cleaning<br>2340 - Sunday service costs<br>2341 - Christmas expenses<br>2342 - Hospitality<br>2345 - Flowers<br>2350 - Upkeep of churchyard<br>2360 - Administration<br>2401 - Church running - electric<br>2410 - Church running - gas<br>2420 - Church running - water<br>2601 - Governance costs<br>examination fee<br>Total|**Total**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Endowment**<br>**This year**<br>**Last year**<br> <br>14,000<br>—<br>—<br>—<br>14,000<br>12,000<br>—<br>—<br>—<br>—<br>—<br>295|
|---|---|
||14,000<br>—<br>—<br>—<br>14,000<br>12,295<br>73,008<br>—<br>—<br>—<br>73,008<br>70,008|
||73,008<br>—<br>—<br>—<br>73,008<br>70,008<br>16,176<br>—<br>170<br>—<br>16,347<br>2,128<br>4,133<br>—<br>15,059<br>—<br>19,193<br>7,990<br>400<br>—<br>—<br>—<br>400<br>—<br>—<br>—<br>79<br>—<br>79<br>—<br>346<br>—<br>854<br>—<br>1,201<br>1,589<br>350<br>—<br>—<br>—<br>350<br>—<br>653<br>—<br>—<br>—<br>653<br>—<br>424<br>—<br>—<br>—<br>424<br>338<br>81<br>—<br>—<br>—<br>81<br>45|
||22,565<br>—<br>16,165<br>—<br>38,730<br>12,092<br>2,668<br>—<br>1,907<br>—<br>4,575<br>4,411<br>60<br>—<br>—<br>—<br>60<br>60<br>1,077<br>—<br>—<br>—<br>1,077<br>537<br>969<br>—<br>1,190<br>—<br>2,159<br>2,165<br>582<br>—<br>—<br>—<br>582<br>703<br>350<br>—<br>225<br>—<br>575<br>266<br>1,132<br>—<br>—<br>—<br>1,132<br>3,641<br>9,069<br>—<br>10,483<br>—<br>19,552<br>8,361<br>2,696<br>—<br>—<br>—<br>2,696<br>5,236<br>546<br>—<br>—<br>—<br>546<br>638<br>50<br>—<br>—<br>—<br>50<br>—<br>703<br>—<br>—<br>—<br>703<br>614<br>41<br>—<br>—<br>—<br>41<br>153<br>1,875<br>—<br>—<br>—<br>1,875<br>—<br>2,126<br>—<br>—<br>—<br>2,126<br>2,004<br>1,183<br>—<br>2,191<br>—<br>3,374<br>2,442<br>3,960<br>—<br>4,185<br>—<br>8,146<br>3,990<br>841<br>—<br>—<br>—<br>841<br>588<br>672<br>—<br>—<br>—<br>672<br>636|
||30,607<br>—<br>20,183<br>—<br>50,791<br>36,454|



_Page 7_ 



## **St Mary's Church, Hornsey Rise N19** 

## **Analysis of income and expenditure** 

## **Selected period: 01 January 2024 to 31 December 2024** 

|**Total**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Endowment**<br>**This year**<br>**Last year**<br>**Church Running Expenses - Activities directly related to Church work**<br>1730 - Costs of fetes & other events<br>239<br>—<br>130<br>—<br>369<br>343<br>1860 - Youth and children's work<br>1,279<br>—<br>—<br>—<br>1,279<br>622<br>2052 - HMRC NI Payments<br>1,139<br>—<br>1,139<br>—<br>2,279<br>1,892<br>2201 - Parish training inc. lay and<br>mission<br>54<br>—<br>—<br>—<br>54<br>12<br>2202 - Camps<br>100<br>—<br>564<br>—<br>664<br>10,464<br>2365 - Bookkeeping<br>2,499<br>—<br>—<br>—<br>2,499<br>2,499<br>2602 - Fixed Asset Depreciation<br>2,721<br>6,009<br>—<br>—<br>8,730<br>8,730<br>Total<br>8,033<br>6,009<br>1,833<br>—<br>15,876<br>24,565<br>**Hall Running Costs**<br>2530 - Hall running - electricity<br>1,979<br>—<br>—<br>—<br>1,979<br>2,883<br>2540 - Hall running - gas<br>4,539<br>—<br>—<br>—<br>4,539<br>4,597<br>2560 - Hall running - maintenance<br>4,905<br>—<br>170<br>—<br>5,076<br>11,155<br>2580 - Hall running - water<br>246<br>—<br>—<br>—<br>246<br>2<br>2831 - Hall surveyor fees<br>—<br>—<br>—<br>—<br>—<br>2,506<br>Total<br>11,670<br>—<br>170<br>—<br>11,841<br>21,145<br>**Church Repairs & Maintenance**<br>2701 - Church major repairs -<br>structure<br>—<br>—<br>1,620<br>—<br>1,620<br>5,400<br>2710 - Church major repairs -<br>installation<br>—<br>—<br>—<br>—<br>—<br>21,878<br>Total<br>—<br>—<br>1,620<br>—<br>1,620<br>27,278<br>**Hall Repairs & Maintenance**<br>2801 - Hall + major repairs - structure<br>—<br>—<br>—<br>—<br>—<br>1,020<br>Total<br>—<br>—<br>—<br>—<br>—<br>1,020<br>**Zoffany St Costs & Charges**<br>2910 - curate house running costs<br>(Zoffany Street)<br>675<br>—<br>—<br>—<br>675<br>666<br>Total<br>675<br>—<br>—<br>—<br>675<br>666<br>**Love Your Neighbour Project Expenses**<br>2210 - LYN Food expenses<br>—<br>—<br>782<br>—<br>782<br>1,026<br>2211 - LYN Equipment<br>—<br>—<br>2,747<br>—<br>2,747<br>1,275<br>2212 - LYN Consumables<br>—<br>—<br>886<br>—<br>886<br>807<br>2214 - LYN Volunteer Costs<br>—<br>—<br>1,726<br>—<br>1,726<br>888<br>2215 - LYN Cleaner<br>—<br>—<br>1,441<br>—<br>1,441<br>278<br>2220 - LYN Christmas Hampers<br>—<br>—<br>—<br>—<br>—<br>2,224<br>2221 - LYN Gifts of Support<br>—<br>—<br>1,973<br>—<br>1,973<br>2,335<br>2222 - LYN Create Together<br>—<br>—<br>2,319<br>—<br>2,319<br>2,024<br>2223 - LYN Event Costs<br>—<br>—<br>928<br>—<br>928<br>969<br>Total<br>—<br>—<br>12,805<br>—<br>12,805<br>11,829|**Total**<br>**Unrestricted**<br>**Designated**<br>**Restricted**<br>**Endowment**<br>**This year**<br>**Last year**<br>**Church Running Expenses - Activities directly related to Church work**<br>1730 - Costs of fetes & other events<br>239<br>—<br>130<br>—<br>369<br>343<br>1860 - Youth and children's work<br>1,279<br>—<br>—<br>—<br>1,279<br>622<br>2052 - HMRC NI Payments<br>1,139<br>—<br>1,139<br>—<br>2,279<br>1,892<br>2201 - Parish training inc. lay and<br>mission<br>54<br>—<br>—<br>—<br>54<br>12<br>2202 - Camps<br>100<br>—<br>564<br>—<br>664<br>10,464<br>2365 - Bookkeeping<br>2,499<br>—<br>—<br>—<br>2,499<br>2,499<br>2602 - Fixed Asset Depreciation<br>2,721<br>6,009<br>—<br>—<br>8,730<br>8,730<br>Total<br>8,033<br>6,009<br>1,833<br>—<br>15,876<br>24,565<br>**Hall Running Costs**<br>2530 - Hall running - electricity<br>1,979<br>—<br>—<br>—<br>1,979<br>2,883<br>2540 - Hall running - gas<br>4,539<br>—<br>—<br>—<br>4,539<br>4,597<br>2560 - Hall running - maintenance<br>4,905<br>—<br>170<br>—<br>5,076<br>11,155<br>2580 - Hall running - water<br>246<br>—<br>—<br>—<br>246<br>2<br>2831 - Hall surveyor fees<br>—<br>—<br>—<br>—<br>—<br>2,506<br>Total<br>11,670<br>—<br>170<br>—<br>11,841<br>21,145<br>**Church Repairs & Maintenance**<br>2701 - Church major repairs -<br>structure<br>—<br>—<br>1,620<br>—<br>1,620<br>5,400<br>2710 - Church major repairs -<br>installation<br>—<br>—<br>—<br>—<br>—<br>21,878<br>Total<br>—<br>—<br>1,620<br>—<br>1,620<br>27,278<br>**Hall Repairs & Maintenance**<br>2801 - Hall + major repairs - structure<br>—<br>—<br>—<br>—<br>—<br>1,020<br>Total<br>—<br>—<br>—<br>—<br>—<br>1,020<br>**Zoffany St Costs & Charges**<br>2910 - curate house running costs<br>(Zoffany Street)<br>675<br>—<br>—<br>—<br>675<br>666<br>Total<br>675<br>—<br>—<br>—<br>675<br>666<br>**Love Your Neighbour Project Expenses**<br>2210 - LYN Food expenses<br>—<br>—<br>782<br>—<br>782<br>1,026<br>2211 - LYN Equipment<br>—<br>—<br>2,747<br>—<br>2,747<br>1,275<br>2212 - LYN Consumables<br>—<br>—<br>886<br>—<br>886<br>807<br>2214 - LYN Volunteer Costs<br>—<br>—<br>1,726<br>—<br>1,726<br>888<br>2215 - LYN Cleaner<br>—<br>—<br>1,441<br>—<br>1,441<br>278<br>2220 - LYN Christmas Hampers<br>—<br>—<br>—<br>—<br>—<br>2,224<br>2221 - LYN Gifts of Support<br>—<br>—<br>1,973<br>—<br>1,973<br>2,335<br>2222 - LYN Create Together<br>—<br>—<br>2,319<br>—<br>2,319<br>2,024<br>2223 - LYN Event Costs<br>—<br>—<br>928<br>—<br>928<br>969<br>Total<br>—<br>—<br>12,805<br>—<br>12,805<br>11,829|
|---|---|
||—<br>—<br>12,805<br>—<br>12,805<br>11,829|
|**EXPENDITURE TOTAL**|160,560<br>6,009<br>52,779<br>—<br>219,349<br>217,356|
|||
|**GRAND TOTAL**|14,577<br>43,250<br>(26,118)<br>—<br>31,710<br>6,057|



_Page 8_ 



## **St Mary's Church, Hornsey Rise N19** 

## **Notes on the Financial Statements** 

## **Selected period: 01 January 2024 to 31 December 2024** 

## **1. Loan** 

During a previous year the parish received a loan of £20,000 from the Diocese of London.  The loan is interest free and is repayable in 25 instalments of £800, which were originally intended to commence on the anniversary of the loan’s first drawdown. The loan monies were received in March 2021, but, following agreement with the Diocese, repayments in fact commenced in 2023. 

## **2. Fixed Assets** 

All fixed assets are initially recorded at cost.  Depreciation is calculated, where appropriate, to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

- Solar panels – over 20 years 

- AV Equipment – over 5 years 

No depreciation is provided on freehold buildings. 

## **3. Rounding** 

There may be minor discrepancies due to rounding differences as the pence are not being shown in these financial statements. 

_Page 9_