PARISH OF ST GILES CAMBERWELL ST GILES CHURCH ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
St Glles Church YE 31.12.2023 STATEMENT OF TRUSTEES RESPONSI8ILifiES Members of the PCC are required by the Church Accounling Regulations and the Charities Act 201110 prepare accounts lor each linancial year which give a tru8 and fair view ol the slate ol aflairs of the Church of ils rosulls for that year. In preparing those accounts, Ihe Iruslees are required to.. (al sdect suitable accounting policies and apply them c0nsis1enl, (bl make judgements and estimates that are reasonable and prudent" Icl prepare the accounts on a going concem basis unless il is in8ppTopriale lo assume that ihe Church wll continue in operation. The members ol the PCC are responsible lor keeping proper accounting records whi¢h disck)se with reasonable accuracy al any time the financial posilion ol the Church. They are also reswnsib18 IOT saleguarding the assets of the Church and hence taking reasonable steps lo prevent and detect fraud arKI other irregularities. Signed on behall ol the PCC f. hl(L J1a*AS / 211)1 202 ff Secretary to the PCC Date
Parish of St Giles Camberwell St Giles Church INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST GILES CHURCH I report lo the truslees on my examination ol the accounts of the St Giles Church (the TFUStI for the year énd6d 31 December 2023. RESPECTIVE RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the Trust y)u are responsrf)le for the preparation ol the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Acri. I rèport in respect of my examinalton of ihe Trusvs accounts carried out under section 145 of the 2011 Act and in carry7ng out my examination I have lollowed all the applble Directions gNen by the Charity Cornmission und8r section 145(5)(bl ol the Act. INDEPENDENT EXAMINER'S STATEMEPIT I have completed my examination. l eonlimi Ihat no rnalerial mallers have come lo my attention in connection with ihe examination ging me cause to believe that in any material respect: 11) accounting records were nol kept in respect of the Trust as required by section 130 01 the Ad: or 121 the accounts do not accord th those records. I have concerns and have come across rK¢ other matters in connection with the examination lo which attention should be drawn in this rew)rt in order to enabte a proper understanding of Ihe accounts lo be reached. Simon Lewcock FCCA Windsor Lodge Milmield Road HoLtnslow Middlesex TW4 5PN
Parish of St Giles Camberwell St Giles Church BALANCE SHEET as at 31 De¢ember 2023 2023 2022 Nots CURRENT ASSETS . Investments Cash al bank and in hand 300 7,107 300 12,775 7.407 13,075 CREDITORS: Amounts falling due wilhin or*e year Amounts falling due after one year NET cuRREr ASSErs 7.407 13,075 REPRESENTED BY . FUNDS Restricted Unr8Stric18d 7,407 13,075 7.407 13,075 Approved by the Parochlal Church Councll on: Signed on b•half ot Paro¢hial Church Council by:
Parish of St Giles Camberw¢ll St Gile8 Church Statoment of Financial Activities- Year ended 31.122023 Nots Unrestricted Restricled Total Total 2022 INCOME FROM Donations 23.194 23.194 26,607 Other trading activities 96.389 .389 74.085 Investment income 2¢ 250 250 342 Chafitable activities 2d 17.864 17,864 14.788 Other income 2e 763 763 TOTAL 138,459 138,459 115.822 EXPENDITURE ON Cost of lundraising 647 647 General Church 8xpenses 3b 62.802 62,802 53,631 MainlenarKe and running costs 78.164 78,164 60,612 Repairs arKI refurt)Èshment 2.515 2,515 11,369 Miscellaneous Expenditure 368 TOTAL 144.128 144.128 125.980 Transfers belween funds Net movement in funds 5,668 10,158 Total funds brought lorward 13,075 13.075 23.233 Total funds carried forward 7,407 7,407 13.075
Parish of St Giles Cambenvell St Giles Church Notes to the Flnanctal Statements- 31.12.2023 l. Accounting policies a) Basls of preparation The linancial slalements have been prepared in accordance with generally accepted accounted principles on cash basis. As the lumover is below £250.(K)O accounts have not been prepared on an accrL¢al basis. Payment and receipt accounts afe produced. bl Going concern The truslees consider that there are no material uncertainties about the charitys abilty to ¢onliniJe as a going concern. The trustees do not consider thai there are any sources ol eslimalion uncertainty at the reporting date that have a significant risk ol causing a material adjustment lo the carwng amounts of assets and liabilFties within the next rekX)rtirig peri(Ml. cl Income Income is recognised when the charity has enlitlemenl to the funds. any pertormance condittons altachÈd lo the income have been mel. probable that the income wtll be received and that the amount can be measured reltably. dl Donations of gifts. services and facilities DonatnS are recognised in the SOFA when ieceTrved. Dollaled professional serVeS and donated facilities ale recognised as income when the charity has control over the ilem or received the semce. any condrtions associated with the donation have been mel, the receipt ol economic ben81rt from the use by the charity ol the item is probable and Ihal economic benefit can be rr5easuied ieliably. On receipt, donaled gills, profeSsnal services and donated faciltties are recognised on the basis of the value ol the gill lo the charity which is the amount the charity woukl have been willing to pay to obtain seNices or lacilifies ol equivalent economic benefit on the open market.. a Corresponding amount is then recognised in expenditure in the period ol receipl. e) Interest recervable Interest on funds held on dewsit is included when receivable and Ihe amount can be measured reliably by Ihe charity., this is normally upon notificatn ol Ihe interest paid or payable by the bank. Fund accounting Unrestrted tunds afe available lo spend on a¢lwiltes that further any ol the purposes ol charity. Fleslricled funds are donations which the dOrr has specified are to be solely Used for particular areas ol the charity's work or lor Specif projects being undertaken by the charty-
Parish ol St Giles CarnbeTwell St Giles Church Notes to the Financial Stalements - 31.12.2023 1. AG¢ounting poli¢ies lcontinued) g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, il is probable that settlement will be required and the amount ol the obligation can be measured reliabty. Expenditure is classrfied under the following aclivtty headinys: Costs of raising ILsnds compTise ol trading costs and Ihe costs Iu1red by the charitable company in inducing third parties lo make volunlary contributions to rt. as well as the cost of any activtties with a fundraising purpose. Expenditure on Charilable activities includes the costs of delivering seNices undertaken lo further the purposes ot the charity and their asscKkqted support costs. Other expenditure represents those iiems not lalling into any other heading. INecoverable VAT is charged as a cost against the aclivity for whh the expendtture was incurr8d. h> Allocation of support costs Support costs are those functions that assssl the wod( ol the charFty bul do not directly undertake charitable activities. Support cosls include back ollice costs. finance. personnel, payroll and governance costs which stjpport the charty and ils and activilies. il Operating leases Rental charges are charged on a straight line basis over the lem ol the lease. Il Tangible fixed asset$ Items ol equipmenl are capitalised where the purchase price exceeds £l,O(K)_ Depreciation is provided al rates calculated lo write dowr* the cost of each asset lo its estimated residual value over Its expected useful life. The depreciation rates in use are as lolksws.. Fixtures and litlings 2590 reducing balance method kl Debtors Trade and other debtors are recognÈsed at the settlement amounl due alter any trade discount ollered. Prepayments are valued at Ihe amount prepavj net of any Irade dwount5 due. l) Cash at bank and in hand Cash al bank and cash in hand includes cash and slK)rt term hrghly IiquKI inveslmenls wrth a short maturity ol three morrths or less from the date ol acquisiik)n or opening ol Ihe deposit or similar account. m) Creditor5 and provisions Creditors and provis40ns are Tecognised where the chanty has a present obligation resulting Irom a past event that will probably result in the Iransler ol funds lo a third party and the amount due to settle the obligation can be measured Of estimated rellay. Credrtors and provisions are normalty recognised at their settiemenl amount after allowing for any trade discounts due.
Parish of St Giles Camberwell St Giles Church Noles to the Financial St8lements- 31.112tr23 Unrestricted A•stricted Funds Funds Total Tolal 2022 2 (a) Donations Planned giwng Tax recovered Donations & collections 22,242 22.242 24.810 951 951 1.797 23,194 23,194 26,607 2 (bl Oth•r trading activities Parish hall rerrtal Ichoir School) Parish hall rental lolherl Centre otte rental Centre hall rental Centre accomodalion rental Crypl rental lother} Jazz Umbrella (Quarterly Rental) 4.000 24,767 10.679 1,560 19.429 300 13,350 36,260 10.562 1.770 30.115 36,260 10.562 1,770 30,115 14.682 14,682 96,389 96,389 74.085 2 (c) Investmeni Incom• Dividends PaKJ Bank inlergst 250 250 250 250 342 2 (d) Charitable Activities Parish lees for weddings and funerals Main Church hire loccasionall Parish events Iwalsingham) 7,831 7,831 863 9,171 7,743 9.171 6.645 17,864 17,864 14,7B8 2 (e) Other Incoming Rosources Chanty Suport Building Fund 763 763 763 763
Parlsh of Sl Glle$ Camberwell Sl Glles Church Notss to the FI¢11 Statements- 31.1221Y23 Unie8tricted Restricted Funds Funds Total 21)23 Total 2022 3 {al Cost of fundralslng Centre cleaning elc Raing funds Just Giving 127 127 647 647 3 (b) Genv81 Church Expfrn8e8 Diocesan quota Parish events {Walnarn) Other events cost Admin and office expenses Parochial fees due to Diocese Safe Deposit Box Charge 32,CK)O 8,772 811 14.516 5.894 810 30.000 6,787 811 14.516 5.894 810 16.844 62,W2 62,802 53,631 3 (c) Maintenance and runnlng c051$ Church utilities Church insurance Church upkoep Church upk88p of sgrvi Paiish h1 utilities Parish hall tjpkeep Centre utilities Centre insurance Centre upkeep Centre rent to diocese Crypt ulililies British Gas Bcmler Maint. Contracl 19.017 14.018 5.137 8,094 6,010 2,019 14,251 19.017 14,018 5,137 8.094 6.010 2,019 14,251 8,709 12.790 2.383 11,199 6,875 2,845 3,487 .2.456 23 13,502 2.418 -1.157 598 3,374 5,646 3.374 78,164 78,164 60,612 3 {d) Repalrs & Refurblshment Church repalrs Centre iepairs 796 1.719 2,024 9,345 1,719 2,515 2.515 11,369 3 {0) Miscellaneous Expendlture Donaiion lo Sl. Matthews Churth
Parish of St Giles Camberwell St Giles Church Notes to the Financial Statemenls- 31.12.20fd Debtors & Investm8nl8 2022 HM Treasury HM Treasury 3 1r2 % WaT St(rk 2 1r2 % warstk ¢a8h 01 bk and In han 2023 St Giles Curr&nt Accwnt (Barclays Bank) St Giles Church Fabiie Fufid ICCLAI e,878 11546 7,107 12.7T5 7. Amtyjnts falliny wilhin one y . Amwnts fdlbn9 dug ofter •n¢ year
Parish of St Giles Camberwell St Giles Church Noles to the Financial Statements - 31.122023 9. Analysls of Fund Balances Asat 01-Jan-23 Income Expenditure Asat 31-Dec-23 Restricted Unrestricted 13,075 138.459 (144,128) 7,407 13.075 138.459 144,128) 7.407