PARISH OF ST GILES CAMBERWELL ST GILES CHURCH ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
St Gilos Church YE 31.12.2024 STATEMENT OF TRUSTEES RESPONSIBILMES Members of the PCC are require(1 by the Chrch AccwntirvJ Regulath)ns and the Charities A¢1 2011 to pree accounls fcr each financiat year which give a true aThJ fair view of the state of affairs of the Church and of tts resums for thal yew. In preparing those accounts. the tnjstees are required lo: (al select suitable accnI poIleS and arvly them ¢onsistenUy, (b) make iu(Swents and estimates that are reason*te and prudent: (cl prepwe the nts on a nCeM basi8 unless it is inappropriate to assume that the Church will continue in operalwy). The members of the PCC are responsible for keeping proper accounting re¢or(Is thich disclose with reasonable accuracy at any time the finarKid position of the Church. They a also responble for safeguarding the assets of the Church and herKe taking reasonable steps to prevent and delect (ra1 and other irrwariIw. &wed on beh4f of pcc
Par5sh of St Gil08 Camberwell St Gllos Church INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST GILE8 CHURCH I rewrt lo the Irustses ort my examinat of the xc4>unis of the St GS Churth (tr Trust) for the year ended 31 Decemtser 2024. RESPECTIVE RESPONSIBILMES AMD BASIS OF REPORT As the charity tnjslees of the Tfust you are reSl)le for the Iwepakn of the accounts in accordance with the requirements of the Chanbès Act 20111'the Act,) I report in respect of my examiiation of the Tn1.$ 0)Unts carried oul under seLXKn 145 of Ihe 2011 Act and wi ¢afryiry out my exam¥)ation I have fohywed al the apF4tible Direcbons grven by the Charity Commisoft der tI)n 1445Xb) of the Act INDEPENDENT EXAIAINER'S STATEMENT I have compfeled my examinaknn. l ¢£rfmi Ihat no mabial matters have Djme to my attenlw in ¢onne¢bon with Ihe examThlion cause to tthe Ihat N) any mro1 respect (1) aco)unting Tecryds were nrt kept in respect of ts TTrt as requwed by sectw)n 130 of the Actr or (2) the accounts do not a¢¢ty<l wAh Ihose records I have no Goncems and have come a¢ross no ottw ffotters in connection wth the examinatK)n to whsch attenb'on should be drawn in this report in ithr to enable a Kyopef undeistanding of the accounts to be reached. Slmon Lowek FCCA Windsor Lodge Millfiehj Road Ho¥Jnslow MKldlesex TW4 SPN
Parfsh of St Glles Camberwell St Giles Church BALANCE SHEET as at 31 December 2024 2024 2023 CURRENT ASSETS . Investments Cash al bank and in hand 3(X) 9,954 300 7.107 10,254 7.407 CREDITORS: AMnts falling due Tmthin one Jear Amwnts falling due aft# one yEar NET CURRENT ASSErs 10.254 7.407 REPRESENTED BY . FUNDS Restricted UnreslrKled 10.254 10,254 7.407 7.407 Approvgd by lh• Parochial Church Councll on: Slgned on bohalf of Paro¢hial Church Councll by.
Parlsh of St Gll•s cbeTwe11 St Glles Church Statomont of Finan¢ial Actlvftles- Year end•d 31.12.2024 Total 2023 2024 ME FROM Donations 23,580 23.194 Other Iradiro adivities 2b 111.757 111.757 96.389 Investment income 250 Charitable activiltes 14.721 14.721 17.864 Olher irKome 2e 1.221 1.221 763 TOTAL 151,278 151278 138,459 EXPENDITURE ON Cost of fundraising 958 General Church expenses ,124 ,124 62,802 Mant8ftCe and running costs 78.6W) 78.6 78,164 Repairs and refurbishment 18.658 18.658 2.515 Miscellaneous Expendiiu TOTAL 148.431 148,431 144.128 Trartsfers between fulS Not m0ment In funds 2.847 2.847 Total funds brought loard 7.407 7.407 13,075 Total funds carrl•d forward 10.254 10,254 7.407
Parish of Si Giles Camberwell St Giles Church Notes to th• Financial Statements - 31.12.2024 1. Accountlng poliGios a) Basi$ of preparation The financial slalemenls have been prepared in accordance with generally aecepled accounted principles on cash basis. As Ihe turnover is loW £250.OCK) accounls havè not been prepared on an a¢¢rual basis. Payment and elp1 aCCnts are woduced. bl Going concem The Irusiees considw Ihal Ihere are rvj material uncertainties about the ¢haril¥s ability lo ¢oniinue as a goir4J concefn. The trustees do nol consider that there are any sources of estimalion uncertainty ai the reporting date that have a signifan1 risk of causiThJ a material adjustmenl lo Ihe carrwng amounts of assets and liatHlilies within the next reming period. ¢1 In¢ome Income is recwi8ed when the charity has enlitlemenl lo the funds. any performan condtlH)ns allached lo the income have been mel. il 1$ probable that Ihe income will be received arKI that Ihe amoLJnl can be measure(J reliably. dl Donations of gifts, seNices and la¢iliti¢s Donations are recognised in the SOFA when received_ Dorbaled professional services and donaled faalilies are recognised as Income when the charity has control over the item or received ihe service. any condilK)ns associaled Trmth the donation have been mel. the reeeipi of economic benefit ffom the use by the charity of the Item Is probable and that economic benefit can be measured lIablY. On receipt, donated grfls. PfofessK)nal services and donaleé f&ililies are recognised on the basis of the value of the gift lo the charity which is the amount Ihe rharity would have been willing lo pay lo obtain services or faCEtIeS of equivalent economic benefil on the open markel.. a ccrfresponding amount is then recognised In experKliture in the perK)d of receipt è) Interest receivablo Interest on funds held on deposit is indLKled when receivable arKI the amount can be measured reliably by the charity this is normally upon nolificalK)n of the Interest paid or payable by Ihe bank. fl Fund accounting Unreslricled funds are available lo spend on activities that lurther any of the purposes of charity. Restrtcled funds afe donations which Ihe donor has srf$ed are lo be solely used f(y particular areas of the charity s work or for specific proiecis beirKJ undertaken by the charily.
Parish of St Giles Camberwell St Giles Church Notes to the Flnanclal Statements- 31.12.2024 1. Acc(ntIng policies {continued) g) EKp?ndlture and irro¢ovorabl¢ VAT EKpendilure Is recognised once there ts a legal LY (xJnstructNe Olgath"On to make a payThent lo a third party, Il is probai4e that seiifement will be requwed and the amount of the obligalK)n can be measured reliably. Experwjiture Is daSsIf uThler the follcwrtng aclwity heajings.. Cost$ of raising funds comwise of Irading costs and the costs incurred by the charitae company In Inducing third parties lo make voluntary contn"butM)ns to rt, as as the c05t of any aclivities th a fundraising PUfFSe. Expenditure on charttable aclNitÈs irtludes the costs of delTvwing seNices undertaken lo ftArther the PrseS of the charty and their assocoted supptyt ¢osls Other expendibjre represents tSe items wl [lIng Into any Ot heading. IrrecoveraNe VAT is charged as a wsl against Ihe a¢liwty for which the expenditure wa5 Irurred. h) Allocation ol support costs Support cosls are those functions that assist work of Ihe charity t1 do not directly urmjerlake charitae acltvilies. sUppt cosls ilUde back offKe costs. finarKe. Fersonnel, payroll and governance osts whtch support the chanly and ils and aclivil*s. il Operatlng leases Renlai charges are charged on a straight line basis over the terni of the lease. jl Tangible fixed assets Ilems of equipment are capilalised Whe the purchase wice excee(Is £1.0. Depreuats'on Is provided ai rates l¢vIaled to write down the cost of each asset io its esknmaled reshdual valve over ils expected LJ5eful life The depreciatK)n rates use are as follows.. Fi¥lures and fillings 25% reduoThJ balance mel kl Debtors Trade and other debltys are recognised al Ihe selllemenl amnI due after any tr•Je dtscounl offered. Prepayments are valued al the amount prepaKI nel of any Irade discounts due. 11 Cash at bank and in hand Cash al bank alld cash In hand Includes cash and short lemi hrgpty liquid Investments with a short maturity of Ihree monlhs LY less from the dale of acqu¢$itn or opening of the deposit or similar ¢01. m) Credltors and provisions Creditors al provisions are recognised wfwe the charity has a present obligation resuliiro from a past evenl that will probably result in the transfer of furmls to a third party and the amount due lo settle the obl3140n can be measured or eslimaled relk4bly Cre(liloKs and [lss are nMallY recognised at their selllemenl amount aftec allowing for any trade d6counis due
Parlsh of St Gi108 CambefwoII St Giles Church Notes to the Flnandal Slatomonts - 31.112024 Unr•strlct•d R•gtrlcled Funds Funds Total 2024 2023 2 (a) Donatlons Planned giving Tax recoved Donations & collections 19.964 1,835.43 1.781 19,964 1.835.43 1,781 22,242 23.580 23.580 23.194 2 {b) Othor tradlng actlviti•s Parish hal ntaI {Choir Sch¢x4) Parish hal rental {Soulhwark Crynmunity F(KxYbank} Parish hall rental {olher) Centre office rentsl Centre hall rentsl Centre accomodation rental Crypt rental {otherl Jazz Umbrella (Quartedy Rertall 5,000 16,920 19,793 15.523 7,133 35.340 3,000 16.920 19,793 15.523 7.133 36.260 10,562 1.770 30,115 12.048 12.048 14,682 111.757 111.757 96.389 2 (CP Inv8slm•nt Incom• DivideThJs Paid Bank interest 250 250 2 Idl Charltable Actlvftles Parish fees for weddings and funeras Main Church hire (occasional) Parish events Iwalsinghaml 6.757 593 7.371 6,757 593 7,371 7.831 9.171 14.721 14,721 17.864 2 {el Other Incomlng Resources Charity Support lIdIng Fund Misce118neous Income 100 1.121 1C 1.121 763 1.221 1.221 763
Parfsh of St Gllos Chh Not•s to the Fln•nGial Statements - 31.12.2024 unrestrict Rtricted Funds Funds Totsl 2024 Tolal 2023 3 (a) Cosl of fundralslny ceftl deaning et Raising funds Just Giving 127 958 958 3 Ib) G•n•ral Church exponses Diocesan quota Parish even15 (Walsingham) Other events cost Admin and offKe expenses Parochial fees due lo Dilxese Safe Deposit Box Charg8 29,170 7.315 29.170 7.315 32,000 .772 811 14.516 5.894 810 13.639 13.639 .124 50,124 62,802 3 Ic) Malntenan¢¢ and runnlng cosls Church utilities Church insurancé Church upkeep Church upkeep of semcès Parish hall utilities Parish hall upkeep Centre ulililies Cenlrè insurance Centre upkeep Centre rant to diwme Crypt ulililies British Gas Boiler Maint. Contract Xi,521 14.809 8423.66 8.164 9.234 4.832 3.535 20.521 14,809 8,424 8.164 9.234 4.832 3.535 19.017 14.018 5.137 8.094 6.010 2.019 14.251 1.044 598 3.374 8.127 8.127 78.6SYI 78.6>) 78.164 3 Idl Repairs & Refwblshment Church repairs Cenlre repairs Parish h811 repairs 18.274 18.274 1,719 18.658 18.658 2.515 3 {01 Misc•llan•ous Exp•ndltur• Donation to St. Matthews Chwch
Parlsh of St Gilos Camb•rwell St Glles Church Note5 to th• Financial Statemts - 31.112024 S. InNYdtm•nts HM Tre8SUry HM Treasury 31r2 %WarSk 2 112 % War Sirxk 2LN) 2rxi O.C•8h •1 bank and In hand St Giles Curre1 Aco)unt {Bafdays Bank) St Giles ChLwch Fatrt FuThJ ICCLAI 9.725 6,878 229 7.107 7. AmOtr falllng du• wlthkn y 2024 2023 8. lanounts f*tllng thJ• aft•r on•
Parlsh of St Giles Camberwell St Giles Church Notes to Financial Stalements - 31.12.2024 9. Analysls of Fund Balan5 Asat 01-Jan-24 Income Expenditure Asat 31-Dec-24 Restricted Unrestricted 7.407 151.278 (148,431) 10,254 7.407 151,278 (148.431 10,254