Charity number: 1152011
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF BISHOP'S HATFIELD ST ETHELDREDA WITH ST LUKE
UNAUDITED
PAROCHIAL CHURCH COUNCIL'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
CONTENTS
Page
Reference and Administrative Details of the Church, its Parochial Church Council
and Advisers
Parochial Church Council's Report
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS PAROCHIAL CHURCH COUNCIL
AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Elected Members
Linda Bamard. Secretary- cfropted
Robin Cattle
Andrew Dorrington
Michelle JeNis
Christopher Stratton
John Mark Ainsley OBE
Alison Churchouse
Mark Jackson
Thomas Walters
Malcom Caie
Richard Morton
Elizabeth Fisher
Candy Crack
Marylyn McLaren
Grant Robertson
Alex Gray (from 12 May 2024)
Richard Pitt (from 12 May 2024)
Charity registered
number
1152011
Principal office
The Parish Office
1 Goodrich House
Fore Street
Haffield
Herts
AL9 SAH
Clergy Ex Officio
members
Team Rector- Rev. Darren V. Collins (Chairman)
Curate- Rev Indira Brosthat (from 1 July 2024)
Reader- John Barnard
Reader- Mary Rathbone
Churchward8ns:
Malcom Caie (vice Chaimian)
John Mark Ainsley
Independent examiner
Kathryn Edmands FCA
MHA
Chartered Accountants
6th Floor
2 London Wall Place
London
EC2Y SAU
Deanery synod ex-offcio Linda Bamard ( Secretary to PCC )
members
Parish Clerk
Parish Treasurer
Nicola Shilton
Christopher Stratton FCA CTA TEP
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
PAROCHIAL CHURCH COUNCIL'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Council of Bishop's Haffield presents rts report and the financial statements for the year
ended 31st December 2024. The legal and administrative details, as set out on page 1, form part of this report.
The Parish consists of two churches, St. Etheldreda (the Parish Church) and St. Luke, together entitled 'The
Ecclesiastical Parish of Bishop's Haffield St. Etheldreda with St. Luke..
Objectives and activities
a. Policies and objectives
Aims & Purpose
To maintain and carry out the best traditions of the Church of England in serving God and the town of Haffield
and wth responsibilities to our Diocese of St Albans and the v￿der Anglican communion. Particular priorities are
to continue growng our work wth families and young people. supported through a regular Sunday School, as
well as embarking on a building programme to make St Etheldreda's Church more adaptable and user-friendly,
reconfiguring the West End to include toilet and new kitchen facilities - detailed plans have been drawn up and
initial fundraising has progressed. Similar plans for St Luke's facili(ies are at an early stsge.
Objectives
The aim of the Parochial Church Council is to enable ordinary people to live out their faith as part of the parish
community through worship and prayer and the provision of pastoral care for people living in the Parish, as well
as missionary and outreach work, while expanding the present congregations to include newcomers to Haffield.
The PCC continually monitors its Mission Action Plan, disceming God's priorities for our community, wth a focus
on mission enablement and improved communication across the community.
In setting objectives and planning for activities. the Parochial Church Council have given due consideration to
general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public
benefit= running a charty {PB2}'.
Organisation structure and management 2024
The Parochial Church Council exercises its fvll and legal responsibilities to the Parish, and it receives reports on
Finance, Property, Safeguarding and from other sutrpcommittees. It is also responsible for the nomination of
governors to the Countess Anne Church of England Primary Academy.
There were six meetings of the Parochial Church Council wth an average attendance of 77%. There were no
special meetings.
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
. Going concern
After making appropriate enquiries, the Parochial Church Council have a reasonable expectation that the Church
has adequate resources to continue in operational existence for the foreseeable future. For this reason, they
ontinue to adopt the going concem basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the accounting policies.
The financial statements have been prepared on a going concem basis as the Trustees believe that whilst some
uncertainties exist, these do not represent material uncertainties.
There have been some generous one- off donations including those to the Pastoral Fund to provide support for
community members facing financial hardship.
The Statement of Financial Activities shows that the income exceeded the expenditure by £27,034 {2023-
£65,892). £4,819 {2023-£28,814) net of expenses was raised for designated fund purposes. As a result of
favourable stock market during the year, unrealised market value gains were enjoyed on investments held in the
designated and restricted funds, increasing the net movement in funds by £3,283 {2023-£12,168).
Although the financial position appears sound, V￿ are facing increasing costs on the day to day running of the
churches.
b. Reserves policy
There is a rolling programme to undertake the essential maintenance of the parrsh properties and any reserves
that exist are held for that purpose. As a result of quinquennial inspections in 2020 a programme of repairs to the
Parish Church and St Luke's required over the next five years was identified, the most urgent of these were
carried out during 2020.
Structure, governance and management
a. Electoral Roll
118 parishioners were on the Electoral Roll at 31 st December 2024.
Achievements and perfomiance
Both churches, through services and a wde variety of community events. have engaged with the mission of the
hurch and in embracing the Bishop's initiative 'Living God's Love".
Deanery Synod
Three members of the Parochial Church Council sit on the deanery synod. This enables the Parochial Church
Council to have an insight into matters affecting other Parochial Church Councils in the Deanery and the )Mder
church. During the year the Synod had three talks one on the Aban Way project, the second on the Dispute
Advisory Service and the last on Furniture friends. vtho provide furniture for those people who have absolutely
nothing. Reverend Darren Collins is Rural Dean.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Public Benefit
The Parochial Church Council's charitable objects are for the advancement of religion, which is recognised as a
charitable purpose having public benefit. All regular public worship in the two churches is provided free of charge
and is open to all. St Etheldreda's is open Tuesday-sunday during the period when Hatfield House is open to the
public, usually from Easter to September. St Luke's is regulady open at weekends.
Clergy, Readers and staff regularly attend the Countess Anne Church of England Primary Academy and services
are also held for the elderly residents at St Audrey's residential home. Donations are made to charities with both
domestic and overseas objectives.
Mission & Evangelism
Our parish magazine "Refocused. is delivered free to the majority of households within the parish in Hatfield.
Church services are held every Sunday morning at the churches. A Sunday School is run in conjunction wth
the 9.30 a.m. Sunday service in the Parish Church and once a month the main Sunday service in the Parish
Church has a focus on families. Weekday services are held on Tuesdays, Wednesdays and Thursdays (Two)
and Fridays at St. Etheldreda's. and on Wednesdays at St Luke's.
Risk mitigation policy
The Parochial Church Council continues to keep under review any major risks arising from or impacting on its
activities. The Parochial Church Council has an appointed Parish Safeguarding Officer and deputy, who have a
particular focus on policies relating to children and vulnerable adults, and considers the systems in place to
mitigate such risks as have been ascertained to be adequate in normal circumstances.
Statement of Parochial Church Council's responsibilities
The Parachial Church Council members are required to prepare financial statements for each financial year,
which give a true and fair view of the state of the Parochial Church Council affairs and of its incoming resources
and the application of resources, including net income or expenditure, for the period.
In preparing those financial accounts. the Parochial Church Council members have=
selected suitable accounting policies and then applied them consistently.
made judgements and estimates that are reasonable.
prepared the financial statements on a going concern basis.
The Parochial Church Council members are responsible for keeping proper accounting records, which disclose,
with reasonable accuracy at any time, the financial posrtion of the PCC and to enable them to ensure that the
accounts comply wth the appropriate legal requirements.
The Parochial Church Council members are also responsible for safeguarding the assets of the Parochial
Church Council and as also required by charity law, ensuring their proper application and for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Appointment of the Parochial Church Council members
All members of the Parochial Church Council are usually appointed at the Annual Parochial Church Meeting
{APCM} to serve for up to three years. wth one third retiring annually and being eligible for re-election. The
Parochial Church Council has the power to fill a casual vacancy in its number.
Approved by order of the members of the board of Parochial Church Council and signed on their behalf by..
Rav. Da
Rect¢y
Date: 11
n V. Collins
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Parochial Church Council of THE PAROCHIAL CHURCH
COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELDREDA WITH
ST LUKE ('the Church'}
I report to the charity Parochial Church Council on my examination of the accounts of the Church for the year
ended 31 December 2024.
Responsibilities and Basis of Report
As the Parochial Church Council of the Church you are responsible for the preparation of the accounts in
accordance wth the requirements of the Charities Act 2011 (Yhe 2011 Act,).
I report in respect of my examination of the Church's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent Examiner's Ststement
Your attention is drawn to the fact that the Church has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been V￿thdraVffl.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance wth
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection wth the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Church as required by section 130 of the 2011 Act., or
the accounts do not accord with those records.. or
the accounts do not comply the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concems 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.
Signed..
Dated: 27 May 2025
Kathryn Edmands
MHA
6th Floor, 2 London Wall Place
London, EC2Y SAU
Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Restated
Restricted
funds
2024
Restated
Total
funds
2024
Restated
Total
funds
2023
Unrestricted
funds
2024
Note
Income from:
Donations and collections
Other trading activities
Investments
88,606
28.535
6.932
49,096
137,702
28.535
9,466
143, 023
61, 104
9, 534
2.534
Total income
124.073
51,630
175.703
213,661
Expenditure on:
Raising funds
Charitable activities
6.792
140.396
6,792
141,877
8, 680
139,089
1,481
Total expenditure
147.188
1.481
148,669
147, 769
Net (expenditureifincome before net
gains on investments
Net gains on investments
(23.115)
1.708
50,149
1,575
27,034
3,283
65, 892
12,168
Net (expenditure)fincome
Transfers be￿een funds
(21.407)
(63,527)
51,724
30,317
163,527
78, 060
17
Net movement in funds
(84,934)
51,724
(33,210}
78, 060
Reconciliation of funds:
Total funds brought forward
Net movement in funds
432,681
(84.934)
650,661
51,724
1,083,342
(33,210
1,005,282
78, 060
Total funds carried forward
347.747
702,385
1.050,132
1, 083,342
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
BALANCE SHEET
AS AT 31 DECEMBER 2024
Restated
2023
Restated
2023
2024
2024
Note
Fixed assets
Tangible assets
12
627,925
573, 265
627,925
573,265
Current assets
Debtors
Investments
13
14
34,494
147,607
253,281
48, 765
143,518
335, 924
Cash at bank and in hand
435,382
528,207
Creditors.. amounts falling due wthin one
year
15
(13,175)
(18, 130)
Net current assets
422,207
510,077
Total assets less current liabilities
1.050.132
1, 083,342
Net assets excluding pension asset
1,050,132
1, 083,342
Total net assets
1,050,132
1, 083,342
Charity funds
Restricted funds
Unrestricted funds
17
17
702,385
347,747
650, 661
432, 681
Total funds
1.050.132
1, 083,342
The financial statements were approved and authorised for issue by the Parochial Church Council and signed on
their behalf by..
Rev. Darren V. Collln$
Rector
D81e.'
Chrlstoph•i Stratton
Treasurer
iL 202£
The notes on pages 8 to 26 form part of these financial statements.
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General inforniation
The Parochial Church Council of the Ecclesiastical Parish of Bishop's Hatfield St Etheldreda with St Luke
is a registered charity with the Charity Commission (Charty Registered Number.. 1152011) in England and
Wales.
The address of the registered office is given in the Church information on page 1 of these financial
statements.
The nature of the Church's operations and principal activities is detailed in the Church Council's Report.
Accounting policies
2.1 Basis of preparation of financial statements
The financial ststements have been prepared in accordance the Charities SORP (FRS 102)
Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance y￿th the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Charities Act 2011.
The Parochial ChLrrch Council of the Ecclesiastical Parish of Bishop's Hatfield St Etheldreda with St
Luke meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwse stated in the relevant accounting
policy.
The presentational and fijnctional currency of the Church is pound sterling and these financial
statements are rounded to the nearest pound.
These accounts comprise an aggregation of the separate annual accounts for St Etheldreda, St
Luke, the Parochial Church Council Central Fund, the Flower Fund, the Memorial Hall. All intra-parish
transactions are eliminated.
2.2 Going concem
The Parochial Church Council considers that there are no material uncertainties about the Charity's
ability to continue as a going concern.
The financial statements have been prepared on a going concern basis as the Trustees believe that
whilst some uncertainties exist, these do not represent material uncertainties.The projected income
and expenditure is SLrficient wth the level of resetves for the Charty to be able to continue as
going concern.
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.3 Income
All income is recognised once the Church has entitlement to the income, it is probable that the
income wll be received and the amount of income receivable can be measured reliably.
All incoming resources are accounted for gross.
Planned giving - collections & donations are recognised ￿en received-
Indirect giving tsx refunds are accrued-
Grants & legacies are accounted for vthen the Church is legally entitled to them;
Dividends are accounted for when receivable and the interest is accrued- and
All other income is recognised when it is receivable.
2.4 Expenditure
All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal
or constructive obligation to transfer economic benefit to a third party, tt is probable that a transfer of
economic benefits wll be required in settlement and the amount of the obligation can be measured
reliably. Expenditure is classified by activty- The costs of each activity are made up of the total of
direct costs and shared costs, including support costs involved in undertaking each activity. Direct
costs attributsble to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs ￿lch are not attributable to a single activity
are apportioned be￿een those activities on a basis consistent the use of resources. Central staff
costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of
the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Church's objectives, as well as any associated support costs.
The Parish Share is paid regularly and is included in expenditure for the year to which it relates.
Grants from the unrestricted fund (including donations to missions) are recognised when detem)ined
by the Parochial Church Council. Amounts received specifically for missions are dealt with as
restricted funds and the liability for payment recognised on the receipt of the funds.
All other expenditure is recognised vthen it is incu￿ed.
All expenditure is inclusive of irrecoverable VAT.
2.5 Payments to Church Council Members and related party transactions
No fixed expenses were paid to Parochial Church Councl Members (except to the clergy) but they
may be reimbursed insignificant amounts relating to their duties as members of the Parochial Church
Council. There were no related or connected party transactions other than disclosed above.
2.6 Taxation
The Church is exempt from taxation on its charitable activities. Expenditure disclosed in the accounts
includes Value Added Tax ￿ere applicable.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.7 Tangible fixed assets and depreciation
Consecrated
ro
Churches, churchyards and vicarages are vested in the Represented Body of the Church of England.,
such propety forms no part of the assets of the Church.
Church contents require a faculty for disposal and are considered to be inalienable property. They are
generally recognised to be of an historic nature, so valuats'on is impractical and therefore they are not
recognised on the Balance Sheet. Expenditure incurred on churches, contents, churchyards and
vicarages is WTitten off ￿en incurred.
Unconsecrated
ro
The existing unconsecrated buildings have been incorporated in the financial statements at their cost.
The balance is represented by the Lord William Cecil Memorial Hall, for which the Church holds 550/0
of the freehold.
All other tan
ible fixed assets
Tangible fixed assets are capitslised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognttion, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the foll0Y￿ng basis=
Equipment
10 years
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Current asset investments
Current asset investments are a fomi of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value using the closing quoted market price. All
gains and losses are taken to the Statement of Financial Activtties as they arise.
The Ststement of Financial Activtlies includes the net gains and losses arising on revaluations and
disposals throughout the year. As investments are revalued to fair value continually, no realised gains
or losses arise.
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Church anticipates rt wll pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.12 Financial instruments
The Church does not have a material holding in complex financial instruments. The Church only
holds basic Financial Instruments. The financial assets and financial liabilities of the Church are as
follows..
Debtors - trade and other debtors (including accrued income) are basic financial instruments and are
debt instruments measured at amortised cost as detailed in Note 13. Prepayments are not financial
instruments.
Cash at bank- is classified as a basic financial instrument and is measured at face value.
Liabilities
trade creditors, accruals and other creditors wll be classified as financial instruments,
and are measured at amortised cost as detailed in Note 15. Taxation and social security are not
included in the financial instruments disclosure. Deferred income is not deemed to be a financial
liability, as the cash settlement has already taken place and there is simply an obligation to deliver
charitable services rather than cash or another financial instrument.
Page11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Parochial
Church Council in furtherance of the general objectives of the Church and which have not been
designated for other purposes.
Designated funds comprise unrestricted fijnds that have been set aside by the Parochial Church
Council for particular purposes. The aim and use of each designated fund is set out in the notes to
the financial statements.
Restricted funds are funds which are to be used in accordance y￿th specrfic restrictions imposed by
donors or which have been raised by the Church for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial ststements.
Due to the passage of time the present members of the Parochial Church Council do not have full
kno￿edge of the terms of certain funds and in the absence of full information the funds have been
treated as Restricted. Designated or Unrestricted according to the best information currently
available.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and collections
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Donations
75,595
13.011
46,702
2.394
122,297
15.405
Gift Aid
Total 2024
88.606
49,096
137,702
Unrestricted
funds
2023
RestriGted
runds
2023
Total
runds
2023
Donations
119,926
17,596
5,000
501
120,427
17,596
5,000
Gift Aid
Diocesan grants
Total 2023
142, 522
501
143, 023
Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2024
Total
funds
2024
Activities
1,906
5,651
17,900
3,078
1,906
5,651
17,900
3,078
Fees
Filming, lettings and rent
STEPS and Refocused
Total 2024
28,535
28,535
Unrestricted
funds
2023
Total
funds
2023
Activities
2,514
18,228
22, 000
4, 696
13,666
2,514
18,228
22, 000
4, 696
13,666
Fees
Filming, lettings and rent
STEPS and Refocused
General reserve
Total 2023
61, 104
61, 104
Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from investments
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Dividend income receivable
2,072
4.860
1,878
656
3,950
5,516
Interest income receivable
Total 2024
6,932
2,534
9,466
Unrestricted
runds
2023
Restncted
runds
2023
Total
runds
2023
Dividend income receivable
Interest income receivable
2,041
5,179
896
1,418
2,937
6,597
Total 2023
7,220
2,314
9, 534
Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on raising funds - by fvnd
Unrestricted
funds
2024
Total
funds
2024
Mission giving
Flowers
2,417
713
2,417
713
Printing and Refocussed costs
3.662
3,662
Total 2024
6,792
6,792
Unrestncted
funds
2023
Total
funds
2023
Mission giving
Flowers
Printing and Refocussed costs
4,831
270
4,831
270
3,579
3,579
Total 2023
8. 680
8, 680
Mission
ivin
A share of rent received from the Memorial Hall was allocated to St Michael's Church £2,525 (2023
£2,525) and £2,020 (2023 £2,020) to St John's Church and these amounts are included in this total
together wth donations of £4.691 (2023 - £286) to various charits'es.
Analysis of expenditure on charitable activities - by fund
Summary by fund type
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Church Ministry
Clergy Expenses
Church l Hall Running Expenses
Church l Hall Utility Bills
66,320
12.504
46.122
15,450
66,320
12,504
47.603
15,450
1,481
140,396
1,481
141,877
Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities - by fund (continued)
Summary by fund type (continued)
Unrestricted
funds
2023
RestriGted
funds
2023
Total
2023
Church Ministry
Clergy Expenses
Professional Fees
Church l Hall Running Expenses
Church l Hall Utility Bills
69,326
9, 773
4.115
41,570
11,305
69, 326
9, 773
4.115
44,570
11,305
3,000
136,089
3,000
139,089
Analysis of expenditure on charitable activities - by type
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Church Ministry
Clergy Expenses
Church l Hall Running Expenses
Church l Hall Utility Bills
66,320
12.504
66,320
12.504
47,603
15,450
47,603
15,450
94,274
47,603
141,877
Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities - by type {continued}
ActNit￿S
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Church Ministry
Clergy Expenses
Professional Fees
Church l Hall Running Expenses
Church l Hall Utility Bills
69,326
9. T73
4,115
69, 326
9, 773
4,115
44,570
11,305
44,570
11,305
94,519
44,570
139,089
Analysis of support costs
Church I
Hall
Running
Expenses
2024
Total
funds
2024
Depreciation
Administration
Insurance
7,500
11,661
5,027
12.270
4,247
1,827
7,500
11,661
5,027
12.270
4,247
1,827
Organists l Director of Music
Repairs
SeNices costs
Direct costs
Choirlmusic Cost
4,231
4,231
47,603
47,603
Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities - by type {continued}
Analysis of support costs (continued)
Church / Hall
Running
Expenses
2023
Total
funds
2023
Administration
10,368
4,372
7,840
8,911
2. 147
4,389
1,440
5. 103
10,368
4,372
7,840
8,911
2, 147
4,389
1,440
5, 103
Insurance
Organists l Director of Music
Repairs
Services costs
Wedding fees
Direct costs
Choirlmusic cost
44,570
44,570
staff costs
A total of £12,270 (2023- £7.840) was paid to the Director of Music and other visiting organists.
10.
Independent examiners remuneration
In both the current and prior year, no payment was made to the Independent Examiner, who donated their
time and expertise.
Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.
Parochial Church Council's remuneration and expenses
During the year. no Parochial Church Council received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024. no Member expenses have been incurred (2023 - £NIL).
12. Tangible fixed assets
Restated
Unconsecrated
property Equipment
Restated
Total
Cost or valuation
At 1 January 2024
Additions
558,250
15,215
62,160
573,465
62,160
At 31 December 2024
558.250
77,375
635,625
Depreciation
At 1 January 2024
Charge for the year
200
7,500
200
7,500
At 31 December 2024
7,700
7,700
Net book value
At 31 December 2024
558.250
69,675
627,925
At 31 December 2023
558.250
15.015
573, 265
13.
Debtors
2024
2023
Due within one year
Gift aid repayments
other debtors
23,346
8,848
2,300
34, 328
12,190
2,247
Prepayments
34,494
48, 765
Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Current asset inveslments
2024
2023
Listed investments
147,607
143,518
15. Creditors: Amounts falling due within one year
2024
2023
Fees to Diocese
4, 505
10,418
3,207
Other creditors
Accruals and deferred income
8,796
4,379
13,175
18, 130
16.
Prior year adjustments
A prior year adjustment to the comparative figures addresses a misstatement found in the financial
statement for the year to 31 December 2023 and earlier years.
The ownership of the unconsecrated property held ￿aS historically split be￿een three churches, however
the Parochial Church Council of the Ecclesiastical Parish of Bishops's Hatfield St Etheldreda wth St Luke
had continued to hold the property at 100% of its value and it has therefore been overststed.
In the year ended 31 December 2023, the brought forward propety value and corresponding Funds have
been reduced by £456.750 (450kn of the Balance Sheet value).
Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Ststement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Gainsl
(Losses
Income Expenditure
Unrestricted
funds
Designated
funds
Arts Promotion
2.690
62
2,752
Capital Fund
(MH)
Choir
65.170
682
760
772
21,145
(62,546
24,529
1,454
Choral
Scholarship
Investments
4,643
40,069
24.083
26.418
714
108
(281)
4,470
40,069
25.954
27,031
731
Legacies
Restoration
1,871
613
Training
West End
Appeal
Youth Work
17
101,856
9.155
3,685
213
18,400)
97,141
9,368
Cecil Pastoral
fund
Choral Outreach
30,192
3.670
12,988
85
112,614
12,600)
30,566
1,155
309,342
21,174
12,750)
162,5461
265,220
General funds
General Funds-
all funds
123,339
102,899
{144,438)
{981)
1,708
82,527
Totsl
Unrestricted
funds
432.681
124,073
{147,188)
{63,527
1,708
347,747
Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Ststement of funds Icontinued)
Restricted
funds
Buildings
Bells
Grave Trusts
558,250
7.198
32.536
299
181
50,580
1.617
558,250
7,369
33,823
66
185
53,181
49.511
171
707
580
Music
Investments
St. Audrey's
Organ
1,248
11,481)
1,610
47.894
991
650,661
51,630
11,481)
1,575
702,385
Totsl of funds
1.083.342
175,703
{148,669)
(63,527)
3,283
1,050,132
Page 23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Ststement of funds Icontinued)
Statement of funds - prior year
Restated
BalanGe at
31
DeGen7ber
2023
Restated
Balance at
1 January
2023
Gains/
(Losses)
Income Expenditure
Unrestricted funds
Designated funds
Arts Promotion
Capital Fund {MH)
Choir
Choral Scholarship
Investments
2.631
65,170
4.256
4,541
40,069
22,292
25,839
698
59
2, 690
65,170
682
815
(4,389)
102
4, 643
40, 069
24, 083
26,418
714
Legacies
Restoration
Training
West End Appeal
Youth Work
Cecil Pastoral fund
Choral Outreach
1,791
579
16
99.425
152
15,455
8.578
9,003
20,995
6.670
(6. 147)
101,856
9, 155
30,192
3,670
(6,258)
(3,000)
280.528
48,608
(19, 794)
309, 342
General funds
General Funds - all funds
80,719
162,238
(125,872)
6,254
123, 339
Total Unrestricted funds
361.247
210.846
(145, 666)
6.254
432, 681
Page 24

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Ststement of funds Icontinued)
Restricted funds
Buildings
Bells
558,250
7.037
29.672
2,114
165
558, 250
7,198
32, 536
299
161
Grave Trusts
Music
689
288
2.175
(2, 103)
Investments
St. Audrey's
Organ
16
181
45,472
1,325
1,385
292
3, 723
50, 580
1,617
644,035
2,815
(2, 103)
5,914
650, 661
Total of funds
1.005.282
213.661
(147, T69)
12,168
1, 083,342
General funds are unrestricted funds vthich are available for use at the discretion of the Parochial Church
Council in furtherance of the general objectives of the Church and which have not been designated for
other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Parichial Church Council
for particular purposes.
Restricted funds are funds Nthich are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Church for particular purposes. The costs of raising and
administering such funds are charged against the specific fund.
Page 25

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST
ETHELDREDA WITH ST LUKE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Analysis of net assets between funds
Analysis of net assets between funds - current period
Restated
Restricted
funds
2024
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due wthin one year
627,925
74,460
627,925
435,382
(13,175)
360,922
(13,175}
Total
347,747
702,385
1.050.132
Analysis of net assets between funds - prior period
Restated
Restricted
funds
2023
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
573, 265
77,396
573, 265
528, 20T
(18, 130)
450,811
(18, 130)
Creditors due wthin one year
Total
432, 681
650, 667
1, 083, 342
19.
Related party transactions
Other than the transactions disclosed in Note 11, there have been no related paty transactions in either
the current or prior year.
Page 26