Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
Charity registration number 1157748 (England and Wales)
ST. MARY WITH ST. GEORGE, HORNSEY, PAROCHIAL CHURCH
COUNCIL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF ST. MARY WITH ST. GEORGE, HORNSEY, PAROCHIAL
CHURCH COUNCIL
I report to the Members on my examination of the financial statements of St. Mary with St. George, Hornsey,
Parochial Church Council (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Members of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity's financial statements Ca￿led out under section 145 of the
Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity
Commission under section 145(5)(b) of the CharitiesAct 2011.
Independent examinerfs statement
Your attention is drawn to the fact that the charty has prepared the finanaal statements in accordance with the
relevant version of the Statement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice
issued on 1 April 2005 which is referred to in the extsnt regulations but has now been withdrawn. l understand
that this has been done in order for the financial statements to provide a true and fair view in accordan￿ with
UK Generally Accepted Accounting Prath'￿.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the charity as required by section 130 of the Charities Act
2011.
the financial ststements do not accord wth those records: or
the financial statements do not comply with the applicable requirements conceming the form and content
of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and fair view, which is not a matter considered as
part of an independent examination.
I have no concerns 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 financial statements to
be reached.
Do¢uSlgned by..
C08ACC3DD2CA471..
Marc Bennett
Independent Examiner
2nd Floor
201 Haverstock Hill
Belsize Park
London
NW3 4QG
United Kingdom
13 May 2025 1 1:34 AN PDT

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financial year
Unrestricted
funds
2024
Restricted
funds
2024
Totsl
Totsl
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
82.463
86.325
3.161
18.150
2.965
3.455
100,613
89,290
6,616
69,989
134,678
4,826
Total income
171.949
24.570
196.519
209.493
Expenditure on:
Raising funds
Charitsble adivities
4,604
167,295
4,604
188,798
1,588
224,952
21,503
Total expenditure
171,899
21,503
193,402
226,540
Net gains on investments
12
2,742
2,742
11,113
Net incomel(expenditure)
50
5.809
5,859
{5,934)
Transfers between fvnds
410
(410)
Net movement in funds
460
5,399
5,859
{5,934)
Reconciliation of funds:
Fund balances at 1 January 2024
144,385
280,090
424,475
430,409
Fund balances at 31 December 2024
144,845
285,489
430,334
424,475
The statement of finanaal activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financial year
Unrestricted
funds
2023
Restricted
funds
2023
Totsl
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
53.489
131.563
1.259
16,500
3,115
3,567
69,989
134,678
4,826
Total income
186,311
23.182
209.493
Expenditure on:
Raising funds
Charitsble adivities
1,588
202,932
1,588
224,952
22,020
Total expenditure
204,520
22,020
226,540
Net gains on investments
12
11,113
11,113
Net incomel(expenditure) and movement in funds
(18.209)
12,275
{5,934)
Reconciliation of funds:
Fund balances at 1 January 2023
162.594
267.815
430.409
Fund balances at 31 December 2023
144,385
280,090
424,475

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
14
15
105,918
113.664
107,433
128,209
219,582
235,642
Current assets
Debtors
Cash at bank and in hand
16
20.753
211.497
8.971
197.597
232,250
206,568
Creditors: amounts falling due within
one year
17
(21.498)
(17,735)
Net current assets
210,752
188,833
Total assets less current liabilities
430,334
424.475
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
18
285,489
280,090
19
70,283
74,562
53,383
91,002
144,845
144,385
430,334
424,475
11 May 2025 | 2:31 PM BST
The financial ststements were approved by the Members on .........................
SkJned by..
k35oAwE83F￿F.
Fr. B. Batstone- Chairman

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
St. Mary with St. George, Homsey, Parochial Church Council is a religious charity governed by the provisions
of the Parochial Church Counals (Powers) Measure 1956 and by the Church Representation Rules..
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act
2011 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016).
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling. which is the fvnctional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below.
1.2 Going concem
At the time of approving the financial statements, the Members have a reasonable expectation that the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the Members
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Members in ￿rtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require defe￿al of the amount. Income tax recoverable in
relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
{Continuedl
Legacies are recognised on receipt or othewse if the charity has been notified of an impending distribution,
the amount is known, and re￿Ipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. 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 attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activty are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs relating to that category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the obligation can be
measured reliably. it is categorised under the following headings=
Costs of raising funds only applicable where there is a special appeal
Expenditure on charitable activities includes the running of the church and church hall,. and
Other expenditure represents those items not falling into the categories above.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered.
this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation
that the recipient will receive the grants. It is not the Practi￿ of the the charity to award grants that are
conditional on perfomiance.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Leasehold land and buildings
Fixtures and fittings
50A Straight Line
200A Reducing Balan
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient
loss (if any).

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
{Continuedl
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setde the liability simultaneously.
Basic financial assets
Basic financial assets. which indude debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Members are required to make judgements,
estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and ￿tUre
periods.
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted
funds
Restricted
funds
Total
2024
2024
2024
2023
2023
2023
Donations and gifts
Legacies receivable
Performance related
grants
73,963
1,000
73,963
1,000
53,489
53,489
7.500
18,150
25,650
16,500
16,500
82.463
18,150
100.613
53,489
16,500
69,989
Donations and gifts
standing orders and
envelopes
Other donations and gifts
Donations and appeals
38,545
26,824
8,594
38,545
26,824
8,594
35,259
35,259
18,230
18,230
73.963
73,963
53,489
53,489
Legacies receivable
Sally Allender
1.000
1.000
1,000
1,000

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donations and legacies
{Continuedl
Grants receivable for
core activities
St. Mary's C.E School
(Greig Trust)
Haringey Council
Benefact Trust Grant
18,150
18,150
1,000
6.500
16,500
16,500
1,000
6.500
7.500
18,150
25.650
16,500
16,500
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Sale of goods
Charitable rental income
other income
1.094
130,469
1.094
133,584
86,325
2,965
89,290
3,115
86,325
2,965
89,290
131,563
3,115
134,678
Investments
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
C.B.F. Income Shares
Interest receivable
3,455
3,455
3,161
3,505
1,321
3.161
3.161
3,455
6.616
4.826
For the year ended 31 December 2023
1.259
3,567
4.826
Raising funds
2024
2023
Fundraisin
and ublici
Staging fundraising events
4,604
1.588
4,604
1,588

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Raising funds
{Continuedl
Expenditure on charitable activities
Charitable Governance
Expenditure
2024
Total
Charitsble
Expenditure
2023
2024
2024
Direct costs
Staff costs
Depreciation and impaimient
Charitable expenditure
17.750
1.814
167.644
17,750
1,814
167,644
17,757
1,868
203.815
187.208
187,208
223.440
sha￿ of support and governance costs (see note 8)
Governan
1,590
1,590
1,512
187,208
1,590
188,798
224,952
Analysis by fund
Unrestricted funds
Restricted ￿ndS
165.705
21.503
1,590
167,295
21,503
202,932
22,020
187.208
1.590
188,798
224,952
Support costs allocated to activities
2024
2023
Governan￿ costs
1,590
Analysed between:
Heading #ac982
Heading #ac988
1,512
1,590
1.590
1.512
WARNING - DOES NOT AGREE
Net movement in funds
{1,512)
2023
2024
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
1.814
1.868
10-

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Members
None of the Members (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
17,750
17,757
During the year the Parochial Church Council {PCC) employed a lay worker, a church hall manager, a book-
keeper and a cleaner.. none of whom were paid £60.000 a year or more. No member of the PCC has received
emoluments or has been reimbursed expenses for services as a member of the PCC.
There were no employees whose annual remuneration VRS more than £60,000.
12 Gains and losses on investments
Restricted
funds
2024
Restricted
funds
2023
Gainslllossesl arising on=
Revaluation of investments
Sale of investments
(4,314)
7,056
11,113
2,742
11,113
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Tangible fixed assets
Leasehold Fixtures and
land and
fittings
buildings
Total
Cost
At 1 January 2024
Additions
136,092
5,738
300
141,830
300
At 31 December 2024
136,092
6,038
142,130
Depreciation and impaimient
At 1 January 2024
Depreciation charged in the year
30,941
1,298
3,457
516
34,398
1,814
At 31 December 2024
32,239
3,973
36,212
Carrying amount
At 31 December 2024
103,853
2.065
105.918
At 31 December 2023
105,151
2,282
107,433
15 Fixed asset investments
Listed
investments
Cost or valuation
At 1 January 2024 & 31 December 2024
128,209
Carrying amount
At 31 December 2024
128,209
At 31 December 2023
128,209
16 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
18,816
1,937
3,499
5,142
330
20,753
8,971
12-

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Creditors: amounts falling due within one year
2024
2023
Payments received on account
Trade creditors
Other creditors
Accruals and deferred income
12,100
3,934
319
5,145
11,000
918
501
5,316
21.498
17.735
13-

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Movement in funds
Incoming Resources
Transfers
resources
expended
Balance at 1
January
2024
Gains and Balance at 31
losses
December
2024
Catechist Funds
Field Propety
Friendly Hand -
Angel Fund
Urban Quiet
Hornsey Parochial
Charities
Greig Trust (St.
Mary's C.E. School)
267,617
18
3,455
(1,298)
2,742
272,516
19
4.059
2.330
4.059
2.429
2.964
(2.455)
(410)
4,973
4,973
1.093
18.150
(17.750)
1.493
280.090
24.570
(21.503)
(410)
2.742
285.489
Hornsey Parish Catechist Funds are held in connection with the Church of England (registered
charity No 260693) and were amalgamated wth the Parish Hall Charity under a Schedule of the
Commissioners dated 8th August 1986 and comprises funds from the sale of St. Mary's Church Hall.
The capital is pemianently endowed to provide land and buildings for the use of the Church of St.
Mary with St. George in the Parish of Homsey, and currently consists of the curate's flat and shares
in the Central Board of Finance. The income is to be used for general purposes. The London
Diocese Fund is the custodian trustee. The members of the PCC are the managing trustees.
The Church Field Ecclesiastical Charity (registered charity no 2606941 is governed by a scheme
dated 5th June 1953. The capital is permanently endowed and the income is to be used to maintain
and repair the fabric of the church. The members of the PCC are the managing trustees.
Friendly Hand have provided funds for Christian Youth Activities. Funds given in previous years
remain in theAngel Fund.
Urban Quiet consists of funds raised through remuneration to the current incumbent for teaching and
training dLrties undertaken. Income is to be used for clergy training and development and for the
support of retreats and spiritual direction for members of the congregation.
Hornsey Parochial Charities have provided funds in order to help the acquisition of an electric piano
for the Kindle choir.
The Greig Trust, via St. Mary's C.E School provides a grant to support the salary costs of the parish's
Lay Schools Worker.
14-

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 un￿strICted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Church Development Fund
General funds
53,383
91,002
20,945
151,004
{4,045)
(167,854)
70,283
74,562
410
144,385
171.949
(171,899)
410
144,845
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Church Development Fund
General funds
60,117
102.477
(6,734)
(197,786)
53,383
91,002
186.311
162.594
186.311
(204.520)
144,385
In 2016 St. Mary with St. George Homsey Parochial Church Council (PCC) was left 116th of the Estate of the
late Mr. John Tibbit which amounted to £262,960.The PCC has agreed that this should be a designated fund,
split as follows',-
a) £10,000 to be used as an ongoing memorial to John Tibbit and his ministry and
b) The balance to be designated as a Parish Development Fund, for the development of the
ministry and when approved by the PCC. for future maintenance of the ministry development.
In 2017 work commenced on a development project. Homsey 60160, and the PCC agreed to use money from
the John Tibbitt Legacy to fund initial works. up to and induding a planning application.
It will be noted that whilst there is a small surplus in the year. £20,000 of the income has been designated as
part of the church's reserve fvnd and does not represent available funds to be used generally.
When the church contributed to the costs of the Youth Worker, church cash flow at the time meant that funds
were low and so we used £11.000 from the Catechist fund to meet this cost. it being within the objective of
that restricted fund. This will be replaced during the 2025 financial year.
15-

Docusign Envelope ID.. ESC4766￿1 F84428-9552-546117D86CAC
ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH
COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investments
Current assetsl{liabilities)
2,065
103,853
113,664
67,972
105,918
113,664
210,752
142,780
144,845
285,489
430,334
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsl{liabilities)
107,433
128,209
44,448
107,433
128,209
188,833
144,385
144.385
280,090
424,475
21 Related paty transactions
There were no disclosable related party transactions during the year (2023 - none).
16-