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 appl￿ble 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 g￿ing 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 cuRRE￿r 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
Donat￿nS are recognised in the SOFA when ieceTrved.
Dollaled professional serV￿eS 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, profeSs￿nal 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 notificat￿n ol Ihe interest paid or payable by the bank.
Fund accounting
Unrestr￿ted tunds afe available lo spend on a¢lwiltes that further any ol the purposes ol charity.
Fleslricled funds are donations which the dOr￿r 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 I￿u1red 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 wh￿h 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 rella￿y. 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 ott￿e 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￿￿¢1￿1 Statements- 31.1221Y23
Unie8tricted Restricted
Funds
Funds
Total
21)23
Total
2022
3 {al Cost of fundralslng
Centre cleaning elc
Rai￿ng funds
Just Giving
127
127
647
647
3 (b) Genv81 Church Expfrn8e8
Diocesan quota
Parish events {Wal￿n￿arn)
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 h￿1 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 % warst￿k
¢a8h 01 b￿k 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