REGisfERKD cHAR￿y NUMBER: 1159833 REPORT OF THE TRUSTEES AND FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR sr SEPULLHRE'S PCC Prestons & jack%m￿ Partner5hAp LLP 364 - 368 Cranbrook Ro•J Ilford Essex 102 6HY ST SEPULCHRE'S PCC CONTEI¥4TS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Report of tke TTrJteeJ 10 13 Ind¢pend¢nt Eumllltr's Report 14 Si•tement of Fln*Ael*l A¢tlvleles 15 B•l•n¢¢ Shttt 16 No¢u to the Fin*n¢S*l St*ttme•¢• 17 to 24 Det*lled S¢*teme•¢ of Flnxnel•l Aetlvld¢• 25 to 26 ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the fmanciaj statements of the charity for the year ended 31 D¢cember 2023. Th¢ trus¢¢es have adopted the PTovisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to cl)arilies preporing their a¢counts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS IIY2) (effethive l January 2019). ObJe¢tlvts #nd *lmi Publ1¢ Bemer In considering its obj￿tiveS and activities. the trustees have had regards to the guidance issued by th¢ Charity Commission on publ1¢ benefrt. Th¢ PCC of Holy SepulchT¢ London has a Mission Action Plan (MAP). adopted in 2019 s¢tting out the Vlsion and targets for our mission and ministry ￿ a ¢hurch. Thi5 W&S Teviewed by the Priesi-in-charge following his app)intment, rnsulting in two key plan5 being developed and being appioved by ih¢ PCC. these being 8n inltial plan setting out ihe actions to update and renew the sysl¢m of risL governance a￿1 internal control. and a MAP identifying our Priorities for the next 12 months. This MAP detailing the CUTrenl fo¢us is available from th¢ church office. Th¢ main a¢liviiies wried out by the PCC in relation to the objects set out in the Parochial Church Councils (PoweTS) MeL¥ure 1956 ￿ amended ore set oul in more detsil ID th¢ following section, the Review of the Y¢ar. The PCC met 8 times during 2023 (in¢luding th¢ APCM), 3 1st January. 28th March, 21 st May (PCC and APCM). 30th May, 12th July. and 28th November. S*fryu#rdln8 Th¢ PCC h&$ complied with Ihe duty lo hav¢ du¢ regard lo safeguarding guidance issued by the House of Bishops, including boih policy and Fra¢lice guidonce, &5 is required under section 5 of the Safeguarding and Clergy Discipline Measure 2016 Page I ST SEPUILHRE'S PCC REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT A]¥D PERFORMANCE Revieiv of the year 2023 2023 siarted with continued commitment and ex¢itemenl after th¢ prwess mAde in 2022. 2023 though was still a year of building foundations. of ￿ltInuIng the steady pr￿esS of renewing of chur¢h life a¢ Holy Sepulchre. which Continued to offer hope for the fuhlre and signs that we were joining in with God's mission here. These glimmers of hope came despite very limit￿ fimds as we rA>ntinued to carefully invest in and piloted mi53ional ide&s. Before sharing specifics. it is first tmportani ￿ offer my thanL8 lo the lehm for 011 they have done. to join in with and encourdge each oiher as we all joined in with G￿'S mission here. My thanks go to.. - the core staff team of Peter Asprey. Saroh Fin¢￿ 17zy Gibber. Tolu Odugbemi. Joshua Ryan with Joanna Ol&soji and Sarah Radford joining us. Towards the end of the yw, we were also Join￿ by Alice Yates, Laurd Owen and Lauren Chaplin as we14unched our winlcr wanll W¢lcom¢ initiatives. - Jo Boxall and also to QUT curate Revd. Tessa Bosworth. left us lo go to new roles. and we wish them both well. . the members of the c1￿1r of Holy Sepulchre. and all our worship leader& Luke Hamlyn, Dan Usher and Ann Maric Clarke. S￿n Bailey. and also to the English Cornett and Sttckbut Ensemble ('ECSE') our Ensemble in Reside￿¢. - our PCC. ineluding Ruth B&xter our churchwarduL Philippa Sebastian Fox (Chaiman of the Royal Fusiliers M¢morial Chapel Committee) and Andrew Morris (Chairnwi of th¢ Friends of the Musicians, Chapel} knd ￿s0 Peter Asprey invited as another PCC ObserY¢T to furtheT sITengthen our governance. Sebastian Fox and Andrew Morris, chairs of our chapel committees and all their members for th¢ir ontinued support and encouragemenL - Brian Grnmbridge our honorary archivi51, who has been researchin8 8Th1 writin8 up our history from 1100 which wonderfully was finalised and published in April 2024. - Our bell ringer5 back into their rhythm of regular ringin8 and we look forward to joining them with a bell rin8ing ¢onc¢rt soon. - all our many wonderful ¢ollatx)ralion with a special mention to the FTiends of the City Churches. Musi¢ at Hill, Rodolfus, Songhaven UK and all ihe musici4ns who reheorse or p¢rforn) here, who have ¢nabl¢d to make such progress and impact in our communitie4 and to start to fill Holy Sepul¢hre again with music and help il again become a welcoming place of sanctuary for all. and - The many in the Dioces¢. our Archd¢acons and the team at the Old Deanery partl￿1&rty, so thank you Fr Luke Miller. Revd Adam Aikinson and Georgi1￿ Graham. So, these glimmers continued as we prnyerfully m￿¢ progress on our mission action plan. To Tecap. our mission sthrts with a real desire to be a welcomin8 church for all. filled with worship and music, with bible-b￿d pre￿hIng and prayeT ￿ the heart of all that w¢ do. a¢tiv¢ly involved in the Common Good. that is a place for: . Worship and prayer - Hospitslity and comp￿51{M - Education, discipleship and v4n8¢1ism - ArL music and creativity - Tourists and visitors - St¢wwdship and governance We a]so had set out in 2021, continued to develop, our fourfold role as a paTish church, a City church, the home of the Royal Fusiliers, ¢hap¢l, and the National Musicians, chU￿h with the Musicia￿￿, M¢morial ¢hopel what we are aiming to be, i.e.: Page 2 ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 l. A Parish church... - Open every day with accessible paswrnl prny¢r supp)rt . A Sunday contemporary hybrid service with a growing in pet50n l online ¢onytWion - A developing Tole within the lo￿ community 2. A City church... with - Week]y contemporary. Choral Evensong and Sung Euclwi51 hybrid services with wwin8 in person I online congregations - An increasing Corpornte netw¢xK w4nling tr) join in celebAtin8 and ¢ommemorntin& and in so¢ial action - CollaborAtion and joining in with the deanery & diocese 3, Hom¢ to the Royal Fusiliers Chapel... - Regular services to ￿MMeMorale and ¢elebraie their s¢rvice. and - Adively helping all to T¢memb¢r and ad on th¢ debt owed 4. The Nationaj Musicians, ch￿￿h... with - Regular services lo ¢ommemorale and celebrate musicians - A world-clajs Choir and ensemble acting as a flagship for the Churc￿ producing services and music of the highest quality and recordings that bring the work of the church lo a broader audie￿¢ - Recognised foT our st4n¢e on equality. diversity and inclusivity (i.e. composition* perfornKrs and audience) - Buildin8 relationships with the Musi￿1 community, ￿YIng foT those in the industry and welcoming them into their church - Buildin8 a local. national and lthernational repiilation. The progress in 2022 continued as illustrated below by all of us just getting on and joining in with God's mission here on very limited funds. This ]￿lud￿, for example: - Church opening iNr¢&s¢d from three. to five days and at the end of the year seven days per weeK - Continuing QUT rhythm of services focus on buildin8 up our ¢0J)gr¢gaDo￿8. Held various services for the Royal Fusilier* including the Afinu￿ Remembrance in November plus the Mo7zagrogna Battle, Korean war and Salemo laftdings. . Held services for musicia￿$ in collaboration the Friends of the Musician5' Chapel and continued io progress the rebuilding of relationships with the whole M￿%1¢1anS profe&sioo including ow ¢ommilm¢nl to be an exemplar of choral music" Launched a wllaboration with Music at Hill for Friday concerts and our Musicali-T¢a'. Te4 Tales and Tunes community event towards the end of the year ￿ w¢ll as continued with tnany other ￿tIVitieS includRng our regular dementia friendly concert in collaboration with Songhaven UK. Coll¢cted and donated over 8,(M)O ki105 of hygiene products extending our support to over 80 schools, agencies and charilies and approx. 20.¢)00 families, through OUT Tole as ciwrdinator of the City of London Hygiene Bank and Generosciry initiative lo help alleviate hygi¢ne and related poverty. We also incre&sed our volunt¢¢ring opporttmiti¢s to encowe a culture in the City of generosity and care by supporting front line staff in OUT Schools, agencies and charities. and - Provided a pla¢¢ for ¢ommunity offering a welcome to all with free tea and coffee. at hiring rales lo reflecl our good stewardship and commitment 10 sUP￿)rt musicians in slag¢s and seasorLS of life. Page 3 ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 We also further develoTKd our plans in reCO￿llIon of thc stewardship responsibilities we have not just for the building bul all the aspects of our be￿fiCe. We commenced and obtsined initial fimding from City Churches Grant Committee for our 'Stop the Leaks" PTogr4me. Is well ￿ progressed plans for our Organ restoration. building repairs. increased m￿lC in th¢ community activÉties and our hardship and chaplaincy funds and prowssing our Eco Chur¢h ￿se￿rnents. This all fornied part of our £lm "li¢$ounding Futures Campaign" thai builds on our rich mu8i¢al and military heritage and will ensure we can further develop our vital role in promoting the value of musiq servicc and sacrifice to SUPIN)rt ¢ommunity building and social change, creating opportunities through a range of programs. ¢v¢nls. atid partnerships. that will inspire and empower people of all ages aTrJ backgrounds. enrtching and imprnving their lives and those around them. We ￿li¢v¢ that God &￿ed us to join in with His plans and we hope thal you will want to join in too. Thank you all again, for the time we have had so far joumeying kng¢ih¢r at Holy Sepulchre. It is a real privilege and blessing to serve God alongside you ihis yw and I pray going forward. Thank you. The Rtvd Nlek Mo¢¢¢r8he•d Priest-invchar8e April 2￿24 PREY DIREcr Ow aim is to be the Musi¢i8ng Church acro55 five key areas: Worship. spirituality. ¢ducAtion, wellbeing and p¢rforniance. Worjhlp One of the aims of the year has been ¢0 'flesh oul. Choral Evensong with events that draw rwple into the Church. This has included things wch L8 Choral EveAsong or Carol services with The English Cornett & Sackbut Ensemble, Tecitals Bfter ihe seTvi¢e. & series on m￿1¢ and Spirituality, events with ihe Royal Fusiliers and the Friends of the music1a￿. joint evensongs with visiiing choirs or events to comm¢moral¢ parti¢ular dates in the calendar, such 18 St. Cecilia's Day. Th¢$¢ have a]1 produced increases in our Evensong 'audience' and we have seen & small but significonl rise in regular attendees as well. A part of this in¢re&se has be¢n to our presence on social media, through which. for example. wups from Holland have attended certain events. or. in one or two c&s¢s. regular con8re8ants have become aware of whui we ar¢ doin8 and have started coming as a result. Splrl¢u*lity We have Started a series on Music Spiriiu41ity. inviting speak¢TS either directly involved in, or able to speak inio. the music profession. A key port of our spirituality rewding music is our St. Cecilia's Dvly service. We invited people involved in music to come and join our choir ond slay for a drink afterward4 to meet and network. We have also recently eM8blish¢d a ?rayer and Praise foT the City, monthly gAth¢ring part of our Tuesday Morning Prayer. I have an article publis1￿d in Church Musi¢ Quarterly on Music in Litur&Y and will be speaking at the Festival of Faith and m￿$1£ &8 a representative of the Musicians, Church. We have a recital by a Christian artist in May. Educatiom We ran a successful fom¢ Sin¢ day with ECSE in the autumn. We have also done a joint Even￿ng with Eltham College and coached some of the sttyA¢nts with our professional choir. We ran an education day with Wren31X). bringing many young student5 into the church to sing and are in discussion with Awards For Young Musicians around running ¢omFwition WOTk8hops with our professional choir. We have dev¢lop¢d our relationship with the m￿lC colleges, who are now sending us r¢gular ￿forn)erS for Musi¢ali-Tea and other events. We have estsbli5hed com￿CtiONS with the vocal departments of all the ￿￿)1)r music ¢olleg¢s. ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 WellbtlDg Our Dementia friendly Concerts have been a * su¢c¢ss. We hav¢ also started a series called Musicali-Te a weekly Thursday lunchtime event that sold out every weeL bringing people together for community M￿1¢ and a talk on the local aTe& We have established N)sitive links with rhe Royal Society of Musicians and have planKd a s¢ryi¢¢ later in the year to help promote their John Birch fund for choral musicians who have fallen on harder times. C1￿1r lea c4Jtttinues to be an important service to our own musicians and our worship community. Perfornianee Our hiring revenue h&8 Incre￿ed both for wforn)aKes and rehearsats. We have Iwo weekly musi¢41 cvents, MUSI￿11-T¢4 as described abov¢ and our partnership with Music at Hill's Friday concert series. We have ¢stablished a relationship with the Barts Orchestra and Choir aTe resident at the church are discussing the possibility of joint events lo promot¢ both them aDd HSL. Ad Hoc perfoTmances aTe a regul part of the church calendar. We have commissioned music by Luty Walker for our St. Cecilia service. Our CD of SS Wesley is (finally!) being released in May and promises to be a great Su￿¢$$ with the crilic5. We have a new soprano. Elli¢ Bray, in our ranks and are ¢urrently auditioninB for a new alto. Peter AJprry Director of Music April 2024 THE ROYAL FUSILIERS CHAP The Chapel in the south aisle ¢ommemoT8tes th¢ Royal Fusiliers Icity of ￿ndon Regtment). It was established in 1950 when the Regimentsl Depol relurned tu H. M. Tower of London. where the Regiment was founded in 1685. having been al Cavalry Barracks. Hounslow sin¢¢ 1881. In 1968 th¢ Royal Fusiliers becam¢ part of the lorger Roya] Regiment of Fusiliers. with its Headquarters in H. M. Tower of London. Oversight of the Chapel rests wilh a Regimentsl Committee of five. h¢aded by Sebastian Fox, Th¢ $tsff of Holy Sepulchre are thanked for tkir ¢ontinued support dwing the year. venti In 2 2023 w8s a relativety busy ye4r for the Royal Fusilier5' Chapel, with a number of events focused particularly around the 70th anniversary of the Korean War c¢as¢fir¢: - 02 FebTUary- Annu41 Commemoration of the battle of MoT3•grog - 24 May - The Memorial le¢ture giv¢n by Dr Jack Watling of RUSI and Lt Barney Walker of l RRF. o talked about the pardlle15 which Could be drnwn b¢twe¢n th¢ Korean war and Modern conflicts. - 27 Jun¢- The annual ¢omm¢moTation of the RewienV5 part in the Korean War, 1952-53 was a large event given the anniversary. It W85 well attended with a number of veterans including George H(¥Jkinson DCM and Sir Mi¢ha¢l Caine. The Servi¢e w&8 preceded by the showin8 of a short film featiwing veterans. recollections of the wfflict. - 06 September - The fllst of a series of events held to commen)ornt¢ the Royal Fwsiiiers, role in the Jtalian ¢ampaign during WW2. starting with the ￿ernO landings. A short film was shown and followed by lecture by Col Simon Diggin5. - 12 November- Rem¢mbrance Sur#lay Service. Page 5 ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Chapel continu¢s its role in commemorating members of the R¢gim¢nL with a number of new pats¢l$ dedicated during the year. The Chapel was 8upwr￿d by indiv1th￿IS and. this year. for the first lime by th¢ Regiment which has provided a SUM ID recwition of the Clwl'5 Tole in reMem￿ring those who have served. Sebastian Fox Chalr ofthe Royal Fwsllien Mtmorl•l Cha￿1 Committee NNUAL NTHEMU ICIAI¥S' CHAPEL- 2013 The Frien(ts of the M￿l¢l￿ns, Chyl {FMC) are the ¢wtodians of the Musicians, Clwl and the Musicians, Book of Remembrance held within it. The cojnmittee oversee5 both th¢ care of the Chapel and the work of gathering names of deceased musicians whose names will be In￿ribed into the BcM)k of R¢m¢mbrance wilh care and ¢ongid¢ration for the families involved. The Book of Remembr4n¢¢ is pennAnenlly kept in the Chap¢l except when it is being updated. The n¢w light1￿ instslled two years 880. has y¢atly enhanced the Ch￿1 and made servi¢es and meetings there more kM)ssible and a8reeable. There were two Services of Th￿￿$giVing during 2023, noi le&sl to make up for one missed during the pandemi¢. Th¢ first was on Wednesday 17th May led by th¢ Pri¢sl-iTrCharge, The Reverend Nick Mottershead. 42 names of those newly inscribed into the Book of Remembr4rK¢ w¢re read aloud atMI the Chamber Choir of the Royal Academy of Music san8 ihe service under the direction of Professor Patrick Russill. The Reverend Dr Jame$ Hawkey. CAr￿n of Weslmirkster and Chaplain to His Majesty The Kin& preached and The Rever¢nd Tessa Bosworth was Precentor. The $¢cond was held on 13th SeptembeT when The Reverend Nick Mottershead both presided and preached, with The Reverend Peter M¢Geary acting as Pr￿enIOr. 32 musi¢ian$' names were read aloud and the Choir of Holy S¢pulchre under the direction of Peter Asprey sang the service. A large ¢onyegation w&8 present on both oc£&sions. On Wednesday 8ih Novemb¢r & Eucharist in ihe forn] of 8 RequienL in memory of all those inKribed in the Musicians, Book of Remembrance and held annually on or ne4r All Souls. Day. took plxe in the Church with The Reverend Nick Mottershead celebrnting and The Right R¢verend and Right HorK)rnble Dame Sarah Mullaly. Bishop of London. preached. The Choir of Holy Sepul¢hre. directed by Peter Aspr¢y. provided the music as usual and thi5 year this consisted of music from the R¢quicm by Gabriel Fauré. The FMC committee continue to have pla￿$ to renew the Chapel altar fTontsl aTrJ back Curtai￿ il¢ms which have been in place for many years. We have fund5 to help with the Purch￿ of a new grand piano for the Church and we wish io financidly support the reslor8tion of the Orga￿ following an FMC iniliative to draw up a scheme and Op￿Int Harrison aThl Harrison to restore the instnjment. During 2023, the FMC committee financially supported the Choir of Holy Sepul¢hr¢ and th¢ sin8ing of the wttkty Even50n8 in the Chur¢h. AI¥DREW MORRIS Chiim•n Frlend8 of tb¢ Mujlelans, Cb*ptl e Youths Page 6 ST SEPUILHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Ancienl Society of College Youths (the "So¢iety"}. an iniernational bell rmgins $￿IetY with a Significonl presence in the City of London. is reswnsible foT organising bell ringing and n￿lD￿lnIng th¢ installation of bells at Holy Sepulchre. Each year, the Society elects a tower secretary for Holy Sepulchre to c(xJrdinate bell ringing for the Church and to liaise between th¢ Church ond the &xi¢ty. and a sleeple keeper to ¢aTry oul routine inspertions and mainlenance on the ￿11$. FOT 2023. the tower sttretsry was Jatnes W&￿inS and ihe Steeple keeper w&8 Atthw Hills. Bell ringing ai Holy Sepulchre in 2023 consisted of the usual mix of prxtices by the Society and the Society of ROY￿ Cumkrland Youths. and various other perfomiances. In particulaT. three full peals (ringing perforniances comprisin8 over 5000 distinct 'changes" of bells tsking over three hours to complete) were including one on the day of the City of London's Lord M&yorfs Show. The works on the bell installation completed by Whiles of Appleton Church BellhangeT5 in December 2023 with the Archdeacon of Charing Cross, appmval and fi￿dea by the SIKiety's 'Bell Restoration Fund, have improved th¢ perfornwAce of the b¢ll installation. The instsllation continu&8 to be in good working order. mainlain¢d by th¢ Swi¢ty5 electrd 5teeplekeeper. Both James and Andrew were readcasts at Special occasio￿. Th¢ ¢xl¢rior ¢amer&s w¢r¢ also instslled ond oper￿lon41 io enhance se¢uTily around the ChU￿h especially now that more events are happening in ihe Church and with th¢ opening of the assessment ¢¢nl¢r in Snow Hill Court in 2024. Some security issues occurred in the year involving theft from the donation box¢$ around the church. CCTV footage was used to ideniify the areL8 and time5 of vulnerability in the church when open to th¢ public and adjustments were made. The donation boxes were re¢x)sitioned for them to always ix in the line of si&ht of eith¢r th¢ camera OT anyone in the main hall of the buildin& Freevstanding donation l)oxes that should be $turdi¢r w¢re pU￿h35¢d and set in pl￿¢ arou￿1 the church hall. The church boiler w&$ repl￿d after another breakdown. Funding was available for the church to purchase a high-quulity used boiler that fits our control system and meets our heating dem￿￿. It has been in place for mosl of the winter period, is proving effe￿1ve and should require less intervention. Ele¢tri¢al issu¢s wwe a ¢ru¢iai part of mainlaining the integrity of the church building over the lasi 12 months. Our regular electrica] contraclors. Seleclrical. irL8talled new sockets tn the church for new TV monitors to display inforniation about the events and highlights of church activities Such as the bell ringing and useful historical details about the church. We are working with the Diocese of London io accelernte swil¢hing the electrical supply in the office from connection to the Watch H¢)use to ¢OVbnection with the ¢hurch CiTCUit board. This is one of the legacy infr&structure ilems to how patts of th¢ ¢hur¢h building were Itnked to The W￿Ch House. Incidents with tripped CiTcuits raised the urgency with which to get this done. The linked heating situation applies for offi¢¢ well. Lighting in the main church hall h&$ mostly been switched to costasaving environmentally sustainable LED bulbs. A pro￿￿1 is in place lo replace the ceiling spodights from the now-bat]ned I￿0gen filament light packag¢ lo less enerLv-1nte￿s1v¢ LED swdights. When funding is available this would not take too longto complete. Page 9 ST SEPULCIIRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The window lighiing to illuminate the 5tainryJ-glass windows in th¢ M￿]cIanS, chaFtI installed in 2022 remains a ple￿ing highlight for visitors to the church. This enhanced aestheti¢ of the ¢hap¢l h&s inspired proposal to do a similar lightin8 scheme for the s¢ained%lass windows in the Royal Fusiliers chapel. It is hoped this will be started and completed in 2024. Funding is available to repair the leaking r(x)f above tk M￿1clanS, chapel. a major concern during raiJkstornJs. However. the seiba¢k to work starting has been finding a qualified roofing specialist available to carry out the works. A contractor h&% been 4pp)inted but we are wailing for a start date. The fiTe risk assessment conducted followiD8 the office move in 2021 to ¢nswe the building our fire and safely requirements continues to be a source of idenlifying improvements in the buildin& A few significant recommendations were mad¢ that included more fire exit signage. more regul￿ w>rtable 8ppliance testing (PAT) And fire aiami testi￿ Annu￿ fire alarni servicing and extinguisher servicing was ulso completed during this period with all equipment passiDg 5u¢¢essfully with some extin8uishers replaced in 2023 to bring it up to date. New electronic locks were successfully I￿talled on the kitchen door and the wss door to the meter room. This to secure access into the kiichen wher¢ food and drink for the events held in the ¢hur¢h are stor¢d making them safe and to limil a¢uss. one to the Parvis Flai and ￿0. lo pr¢vent to the alarm system and eleclric meters as a me￿￿re of se¢urity as recommended by th¢ Quinquenni￿ rep)rt. We continue to Sup&￿ the City of tA)ndon Parks and Gardens D¢partm¢J)t in maintsining the Royal Fusiliers Garden of Remembrance. The flagpol¢, t￿talled in 2017 now requires some repair as it 4g¢$, though il continues to serve us well for raising The Royal Fusiliers St8nd8rds on Regimental Memorial days. We continue io work with telecommunications companies through Shared Access, the approved third-party COntr￿tOr. appointed by the telecommuni¢atiorns operntor4 to allow acttss for regular mainienance and r¢p8ir works. An annual independent h¢aith and safety a55essmenl of the church access route to the telecommunications tower pLwd the ladder and access way3 as safe for use. The relationship with th¢ cleaning CoMp￿y. Clean fv Good. is going v¢ry well. Crysialkil continues to prowde monthly ￿ control U￿¢$ with fewer sightings of mice being rewted. This may have more to do with blocking off ￿¢¢83 holes into the church a￿1 PAr¥is done in 2021. The old pews in the ¢hur¢h were repaired and have hel￿d to in¢Tease the church's seating capxity as well as improve the aesthetics of the church ftThishing. A set of oval wooden tables were donated lo th¢ ¢hur¢h in 2023 and these were put to us¢ by creating a zone for visilors and evenl attendees to sit and enjoy refreshment or have a rest in the church. This b¢en a great sucC￿S with feedback from visitors indicating th¢y 8ppreciated a place to rest whil¢ enjoyin8 the beauty of the buildin& The other wooden feature5 of the Church nol including the pew& such as the chaiTS and fasciae continue to be maintained as best as possible, given their ag¢ ond frequent use for events and service5. The pssibility of replacing all the wocden chairs remains. In th¢ Parvis flaL ihe need to rthorate remain5. At the moment. a reputabl¢ ￿nITa￿Or been conta¢ted and an initial quote for the work ha5 been submitted. thring this redecoralion projecL ther¢ will be tonsideration to replace the extra¢knr fan in the bath￿rn atMI to replaL% some old windows with water inw 4)n the top floor. Page 10 ST SEPULCHRE'S PCC REPORT OF THE TRUSTEF FOR THE YEAR ENDED 31 DECEMBER 2023 A temporary f¢n¢ing stw¢tur¢ is in place to ky ac£e5S to the north side area restricted. It was discovered that the crypt had been broken IMO at least tivice over a twfrw¢ek period. The wlice wer¢ infornied, atyj they advised on temporory me&8urcs taken to secure the are& Faculty p4￿r$ are in prwess to inslall a pern]anent fencing slructure. A homeless &8sessment center will ￿ opening in 2024 behind the chuTch in the Snow Hill court buildings. This w&$ after the buildings were reinforced and fiilly refurbished. The wolks resulted in a change in the access to the b￿k of the ¢tLur¢h with th¢ plan I￿lD8 to have an electronic gate in place to monitoring a¢￿sS to the back of the church al any time. with a gaiepost manned 24 hours a day by the assessment cenier staff. In lime, access ¢4rds will be made available to hold￿5 in th¢ thw¢h and other partrKrs using the Snow Hill Court buildings. Plans to repair damoged plasterwork in th¢ remain very much in pl￿¢ with the hope that new fw)din8 to conduct the work in stages would be available in 2024 thanks to the tireless ¢fforL8 of Rev. Nick Mottershead lo find funding for th¢ various projects that need doing in the churth. This is alongside co118borating with the Fri¢nds of the Musicians Chapel to restore the church or8An. W¢ continue to optimize the space we have in the church for storage. following the evacuation of the n)oms on Snow Hill court in 2019. utilizin8 the rooms the Organ while keeping in mind th¢ original usey for th¢m. This space is shared with the Ukrainian Orth￿l0X church community where they store their icons and service paraphernali Oth¢r outstartding refurbishment works rtsultin8 from tk <￿inquennlal Inspection of 2017 and 2022. including re51orin8 the falling magonry on the roof of th¢ chur¢l4 has been rescheduled to 4 more opwtur time. Overall. d¢v¢lopmcnts in the church h8v¢ been for bringing in more people and raising awarenes$ of Holy Sepulchre in the heart of the City. We pray thai this will also supp)rt a growth in church attendance throughout ihe week. Ruth Ba*er M•r¢b 2024 ELECTORAL ROLL REPORT In preparation ftir the APCM. the Ele¢tornl Roll was revised in April and the new roll was displayed publicly. Th¢re are CUTrently 10 natnes on the roll. S*rab Fln¢h. Ele¢tor*l Roll offl¢¢r. ljth April 2024 SfRucfuRE, GOVERNANCE AND MANAGEMENr Gov¢rniDg documen¢ The governing document for the PCC is the Parochi8J Chll￿h Councils ￿0￿e[s) Measure 1956 as amended. which sets oth ihe principal fun￿lOn of the PCC as being"promoting in the parish the whol¢ mission of the ChurclL" Re¢rufitment *Dd *ppDlntment of trusttts The melh￿l of app)inthient is as set Oul in the Church Representative Rules. All regular church attenders are eTJcowaged to r¢gi$ter on the El¢ctoral Roll and consider standing for election io the PCC. Churchwardens and other PCC member5 are elected Jt the Annual Parishi4)￿Ts, and Annual Parochial Church Meetings. Pagell ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURL GOVERNANCE AND MANAGEMENT B4DkiDg Bank a¢¢ounls for the PCC a￿ held with Lloyds Banking GTOUP PLC. Holbom Circus. A Deposit ￿0￿nt is held with Kingdom BanK Padge Roal BeeSt0￿ NG9 2RS. Risk review The major risks lo whi¢h the Charity is exwsed, as identified by the trust¢e5, hav¢ been reviewed and systems or procedures have been established to manage these risks. This includes a Safeguarding Policy which was reviewed during 2023. Th¢ PCC ￿pireS to maintsin a safe environment for all its activities ond pr¢misu. A¢conlinBly. a Health and Safety Policy is in place and w&s reviewed in 2023. The PCC endeavourn to maintain hA8h Stsnd￿ of C4T¢ and consider*ion when dealin8 with church members and the public. All stsff have ￿dertaken GDPR trainin8. A Data Protection policy. Data Retention Policy. Privw Polici¢s at)d Data Consent Fonns are in place. REFERENCE AI¥D ADMINISTRATIVE DETAllS Registered Ch*rlty number 1159833 Princ1￿1 •ddress Holborn Viaduct London ECIA2 Page 12 ST SEPUILHRE'S PCC RFPORT OF THE TRUSTELS FOR ThE YEAR ENDED 31 DECEMBER 2023 Trnte mem￿rI of the PCC (except Deawy SY￿1 members ￿0 are elxtrd for 3 years) are snnuJlly by the Annual Parochial Chutch Meetin8{APCM) in at¢ordaTh￿ with the Chwch ReNtstrttstion Rules. DurinB the p¢ri(Ml ¢oveffed by this w and vp th the d•te of the ¢wYent yeats APCM (14th Awil 2024) the folk>wing have J¢rv¢d ￿ memb¢Ys of the P(E: PrleJ¢.l•*b•rye •Dd Cknlr. . The Revd. Nick Motterth￿ (Fm F¢IYu￿ 2021) . The R¢vd. Tew BosMNyth (Until JuA¢ 21Y23) W*rde•g: ' Ruth Baxter {R¢*lt¢ted in 2023. •lw ¢le¢*41 ts Lay Vice Chir) - Vacant Ele¢¢•d lay th•mben of the PCC: - FthillipA t￿tron (Fr(tyn M•r¢h 2022. rn4le¢trd bfi May 202J) - sebasti￿ Fox (Ex￿￿tT￿l0 f￿ffi M*r¢h 2023) - Andrew Morris (ExwoffKio from MArch 2023) Durin8 this period, all tay PCC m¢mb¢rs were ￿ iTrK Chwch Elethl Roll. On¢ rn¢mb¢r of the PCC been T¢Sident in the parish-Tesu Boswrth frcmn June 2021. Independent EumlDer Anwer Palel BA{Hon$} FCA BFP Pratons & J￿kxry PartY￿h1p LIP IG2 6HY B•nk v*oounis forthe PCC art held with l.lo)th BAnkin8 Group PLC. H01b￿n Cir¢w. A Dtposit •¢WWlf is h•ld with Stew•rdthip. l L4mbs FLIY &4B. and IXBMI on its behalf b), TNstce (Tki kn trltLk moELo,.knd Page 13 INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF ST SEPULCHRE'S PCC JndepeRdent ¢x*miDer'i report to tbe trwstees of St Sylchre'i PCC I report to the charity trustees on my wmi￿tion of the aC￿U1]ts of St Sewl¢hre¥ PCC (the Trust) for the year ended 31 DecembeT 2023. ReJpoDslblMtks aDd basis of report As ihe charity tn￿eeS of the Trust YOU &Te respojksibk for the preparation of the wiunts in a¢¢oTdantt with the requimnent$ of the Charities Ad 2011 Cthe A¢V). J report in rw ofmy ¢x8mination of the Tnksfs accounts cwried out Section 145 of the Act and in Carrying out my examiDation I have follow￿ 011 Applicable Directions given by the Charity Commission under Section 145(5Xb) of the A¢t, JndepeBdent ¢umlaer'i B¢•tement Since your charity's wss in￿e exceeded £250.1)00 your examiner rnu￿ be a JD¢mber of a listed body. I can ¢onfirni that l am qualified fo undertake the examination beca￿$C l Am a member of the Inslilul¢ of Chartered Accountants in England and Wales, which is one of the listed ixxlics. I hav¢ completed my examinatlon. I confiTm that no materid matters have wne to my attenllon in connection with the examinAtion giving me ￿use to believe that in any malerial r¢specl: a¢¢ountin8 records were not kept in res￿1 of the Trust as required by S¢rtiiffl 130 of the Act; or the accounts do not accord with those rewrds. the accounts do not comply with the appli¢able requirements ¢oncerw th¢ fonn and content of accounts set oul in the Chllriiies (Acco￿ts Reports) Regulations 2008 other than any Tequiremenl that the a¢￿Unts give a true and fair view which is not * matter considered ￿ port of an inlkpendeni examinatio I have no concerns and have come across no Ixher m￿¢15 in ¢onr*dion with the examination to which att¢nlion should be drawn in this rel￿ in order to enable a PToper Unde￿ing of the accounts to be A . Anwer Patel BA(HonJ) FCA BFP Prestons & Jacksons Parthetship LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Date:........ Page 14 ST SEPuLc￿,s PCC STATEME￿ OF FINANCIAL A￿1VITI￿$ Y)R THE YEAR ENDED 31 DECEMBER 2023 31.1223 Total 31.12.22 Total funds Unrestri¢t¢d Restricted fund Not¢s INCOME AND EI¥DOWMEKfs FROM Donations and legacies 87.715 91890 179205 137J12 Inv¢sknenl income Other income 38J60 104.710 38,775 76.371 104,710 Totsl 231J85 91,490 322,775 252,458 EXPENDfTURE ON Ch*rIts￿e *¢tfvliles Ch&ritsble Adivities 272A21 33&035 265.420 NET llYCOMFJ(EXPENDrruRE) Yrawfer• betW•En fond• (41,136) .178 2W6 (12.178) {1226fy) (12.962) 16 Net mov¢ment ID f•Mds (2&958) 16.698 (12260) (12.962) RECONCILIATION OF FUNDS Toiai funds brought fonvard 31￿05 30J87 61J92 74,854 TOTAL FUNDS CARRIED FORWARD 2¥7 47,085 49ffi32 61,892 Thc notes forni part of these financial 5tatemcnts Pag¢ 15 SEPUi£HRE*S PCC BALANCE SHEET 31 DECEMBER 2023 31.12.23 31.1222 Ton8ible assets 12 4.425 13 Cuh Il bank Ind in hand 6,584 9A357 143,153 179062 101941 CREDITORS Amounts fallill8 dut withio one yvr 14 (136J24) (45.474) 43,138 57.467 TOTAL A&SETS CilRRENr 49ffj31 61,W2 rr ￿ETs 49W2 61.892 16 Unr¢5tri¢ted funds R¢strieted fiffjdl 2J47 471185 31.505 30.387 TofAL FUNIA8 49hJ2 61.892 The fi and wevE its be￿lf by: Qov& Nltck moEEor6keocL Pa8¢ 16 ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS )R THE YEAR ENDED 31 DECEMBER 2023 ACCOiiNTING POLICIES BMIS of preparlDg the fltt*n¢lal 8¢*tements The financial ststements of the charity. which is a public bwKfiI entity under FRS 101 have been prepared in accoTdance with the Charities SORP (FRS 102)'Aceounling and Reporting by Charities.. Sta*meni of Recommended Pracii¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effedive l January 2019).. Finan¢ial Reporting s￿dard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities A¢t 2011. The fman¢ial $tatem¢nts have been prepared under the historical u)st convenlion. All in¢orne is recognised in the S￿eMtTrt of Financial Activities on¢e the charity has ¢nliilcm¢n1 to the fund& it is probable that the iKome will be received and the amounl can be measured reliably. pendlture Liabilities are recogni5¢d as eX￿di￿re as s(x)n as th¢re is a l¢8al or consti￿live obligation committing the charity lo that expenditure, it is probable a transfer of economic benefit$ will be required in settlement and the amount of the obligation can be measwed r¢liably. Expenditure is accounted for on an a¢¢n￿lS b￿1$ and h&8 been classified under headings that awegate all cost related io thc ¢at¢gory. Where costs cannot be diTecily AllTibuied ¢0 particular headings they have been allocated to a¢tiviiies on a basis consislenl with Ihe use of rnOu￿¢s. Grants offered subjeci io conditiom which hove not been met at ihe year end dat¢ are noted as a ¢ommitm¢nl bul not ￿rU¢d ￿ expenditure. T*D%ible fixed #Mets Tangible fixed assets are slai¢d at historical cost less tttumulated depreciation and any accumulated impairnient losses. Historical cosi includes expendiiure that is dire¢dy attributable to bringin8 the asset to the location and condition ne¢es5ary for it to be capable of opeTating in the manner intended by mana8emenL tkpreciation is ¢har8¢d so as to all￿ate the cost of assets less their residual value over their estimaled useful live& using either a straight line or reduciD8 bala￿ method. u indicAted below. Depreciation is provided on the followin8 basis". Fixtures and fittings- 25Yo Reducing bala￿e The assets, residual vahjes, useful lives and d¢preciation m¢ihods reviewed. adjusted prospectiv¢ly if appropriate. or if th¢re is an indication of a si8nificaDt change since the IL8t reporting dat¢. Tax*tiOD Th¢ charity is exempt from lax OD its charitsble activities. Fund Unr¢stricted funds can in *cordan¢e with the charitable objectives at the di￿retion of the Page 17 ¢ontinu¢d... ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIWED 31 DECEMBER 2023 ACCOUNTING POLICIES- ¢oDtillued Fumd *eeouDtlng Restricted funds ¢8n only be used for pHrticular restricted purpos¢s within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds aTe raised for particular restri¢t¢d purpos¢5. Further ¢xplanation of the nature and pur￿5¢ of each fund is included in the notes to th¢ financial statements. DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations 126,773 52832 110.529 26.783 179305 137.312 Grants received. included in the above, are ￿ follows: 31.1223 31.12.22 Trust For IA)ndon Diocesean Buri81 Ground Friends of The City Churches The Pemberton Barn Trust Th¢ Charles Skey The Salters, Company SCF The Blythe Watson Charitsble Trust 24,479 2,953 22,483 2,500 1,800 10,000 3,000 10.000 51432 26,783 VE￿mE￿r ThCOME 31.12.23 31.12.22 Rents receivable Parochia] Fees 38812 38,775 38060 38,775 Pagc 18 ontinue&.. ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL sTATEME￿[s. continued FOR ThE YEAR ENDED 31 DECEMBER 2023 OTHER INCOME 31.J223 31.12.22 Net Income Events Hire Income Inter¢st Incom¢ CD income 35,988 68￿94 138 (io) 35,986 40,356 20 104,710 76.371 CHAR￿ABLE AcfTVITIL8 COSTS fimding of a¢tiviti¢$ {see notc Supw)rt Costs (see nok 7) Direct Costs 6) Totals Charitable Activities 324J08 727 335,035 GRANTS PAYABLE 31.12.23 31.12.22 ChaTiiable Activities 727 4,800 The totsl wants paid to inslitulions dwin8 th¢ year was as follows: 31.12.23 31.12.22 Dellow C¢ntrc Life Centre Salford Voice for Ukreinc 2,400 2.4(Kl 1.000 3J27 6,727 4,81)0 Page 19 continued... ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS Govcrnanc costs Charitable Activities TRUSTEES, REMUNERATION AND BENEFrrs There were no truslees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ¢nd¢d 31 December 2022. Trustea. expe￿¢# Th¢r¢ w¢re no trustees, ex￿￿eS paid for the year ended 31 D¢￿ber 2023 nor for the y¢ar ended 31 D¢wnber 2022. AFF cosrs 31.12.23 31.12.22 Wages aTrJ salaries J07867 93,679 107,467 93.679 The average monthly ft￿nber of employees during the year was as follows: 31.12.23 31.12.22 Charitable activities No employtts received emoluments in excess of £60.000. 10. COMPARATIVFS FOR ThE STATEMKNT OF FINANCIAL A￿1VITIF￿ 31.12.22 Unrestricted Restri¢t¢d fund fund Total funds INCOME AND ENDOW)￿￿15 FROM Donations and l¢gacies 126266 11,046 137,312 Investment in¢ome Other income 38,775 76J71 38,775 76.371 Totsl 241.412 11.046 252.458 Charitable activititJ Charitable Activities 258,731 6.689 265.420 Page 20 continued... ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS- eontinved FOR THE YEAR ENDED 31 DECEMBER 2023 10. COMPARATIVES FOR THE ￿ATEMENT OF FINANCIAL ACTIVITIES 31.12.22. UnK8tri¢ted R¢stri¢t¢d fund Total NET INCOMKI(EXPENDITiIRE) (17.319) 4.357 (12.962) RECONCILIATION OF FUNDS Total fuThls brought forward 48.824 26.030 74,854 TOTAL FUNDS CARRIED FORWARD 31,505 30,387 61,892 11. KEY MANAGEMENT PERSONNEL Key Management Personnel of the (h8anisalion is the Board of the PCC. 12. TANGIBLE FIXED ASSKTS Fixlur¢$ and fittings COST Ai l Jonuary 2023 Additions 5083 4234 Ai 31 t)ecember 2023 10.117 DEPRECIATION Af l January 2023 Charge for year 1,458 2,165 At 31 December 2023 3ffi23 IYET BOOK VALUE At 31 December 2023 6,494 At 31 De¢emt¢r 2022 4,425 Page21 continued... ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMEIYTS. continued FOR THE YEAR ENDED 31 DECEMBER 2023 13. DEBTORS: AMOUNTS FALLtNC DUE WITHIN ONE YEAR 31.1223 31.12.22 Trade debtors 36J09 6,584 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.1123 31.12.22 Trade creditors (Xher creditors 42879 93.645 1.486 43.988 136,524 45.474 IS. ANALYSIS OF NET ASSETS BrnVEEN FUNDS 31.12.23 Totsl 31.12.22 Total funds Unrestri¢ted Restri¢t¢d fund fund Fixed assets Current Assets Current liabilities 6,494 132377 I136￿24) 6.494 179,662 {136.524) 4,425 102,941 (45,474) 47,085 2J47 47,085 49,632 61.892 16. MOVEMENT IN FUNDS Net movement in ￿ndS TTOnsfers beiween funds At 31112123 At 111123 Unrejtricted G¢n¢ral fund 31,505 {41,136) 12,178 2,547 Re*trle¢ed fuDda Restricted Fund3 30J 28076 (12,178) 47,085 TOTAL FUNDS 61,892 (12360) 49,632 Pagc 22 continued... ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS . eontinued FOR THE YEAR ENDED 31 DECEMBER 2023 16. MOVEMENT IN FUNDS- conllnued Net movement in funds. included in the ab)ve are as follows: Incoming Resources Movement resources expended in fvnds Unrestritted funds General fund 231285 (272,421) (41.136) Restri¢t¢d Restricted Funds 91.490 (62,614) 28,876 TOTAL FUNDS 322,775 1335.035) {12260) Compar*tlvu for nbOY¢mtDt ID (UD Net movement in funds At 31112122 At 111122 Un￿StrICted fuDdJ General furMI 48.824 {17.319) 31,505 Reitrl¢ied thnds Restricted Funds 26,030 4,357 30,387 TOTAL FUNDS 74.854 (12.962) 61,892 Comparalive net movement in funds. iwlud¢d in the 4bove Jre as follows: Incoming Resour￿$ Movement expended in funds UDrestrlcted General fund 241.412 (258.731) {17.319) Rejtrided fonds Restricled Funds 11.046 (6.689) 4.357 TOTAL FUNDS 252.458 (265.420) (12.962) Pag¢ 23 ¢ontinu¢d,,, ST SEPULCHRE'S PCC NOTES TO ThE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 DECEMBER 2023 16. MOVKMENT IN FUNDS. contiD•ed An*tyJl# ol Restricted Rtxervej carried fonv•rd A• at 31￿ De¢ 2023 vJn3 Income EJpeLdlthrn Transfer 31112r23 Stewardship Music 9,122 1,135 {1) 10.258 Hardship R¢3¢rYe 9.702 9,702 Oen¢rosCity Income 11.563 26.312 (1,570) (9.180) 27.125 CCGC 27.951 (27.951) COD￿vnity Lottery Fund 32,(192 (32,092) Royal Fusiliers (1,000) 30J87 91.490 (62,614) (12,178) 47,085 17. RELATED PARTY DISCLOSURLS None of the trustees have ken paid any remuneration or re¢eived 8w other benefits from an employment with their charity or a Telaied entity. and no Trt￿ expenses have bc¢n occurred. Ms. E Gallagher who is a Church Ward¢n and Tr￿ is one of the payin8 tenants of th¢ ParYi$ flat. This 1$ an arnis, length tranSa￿lon. There were no dona¢ioN received from the elated paity during the year. (2W22: £3.160) Page 24 ST SEPULCHRE'S PCC DETAILED STATEMEIYT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 INCOME AND ENDOWMEiYrs Donatlons and Itg*¢kg Donations Grants 126,773 52,432 110,529 26.783 179205 137,312 InveJtm¢D¢ iJ¢ome Rents rec¢ivable Parochial Fees 38012 38.775 3S860 38.775 Other In¢om¢ Net Income Events Ilire Income Intere51 I￿Ome CD income 35,988 68￿94 138 {io) 35.986 40.356 20 JO4710 76,371 Total Incom1#8 re￿•re 322,775 252.458 EXPENDITURE Cb*rlt•bl¢ *etlvltles Salaries Uiililies Running Expenses Siaff Expe￿￿eS Honoraria Dio¢esan Common Fund Mission and Evangelism Fixtures and fittings Gront Making 107,467 44227 81,492 24,991 34,910 23,750 5006 2,16S 6,727 93,679 20,417 38,739 19.990 49,698 24.163 8,476 1,458 4,800 331035 261.420 Support Costs Govern*Lte ¢osts tndependent Examination Fees Carried forward 22110 2200 2.200 2200 This page does not forni part of the ststutory financiaI statements Page 25 ST SEPULCHRE'S PCC DETAtLED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 Govern*n¢e ¢osts Broughi forward Professional Fees 220 1,800 2.200 1.800 4,000 4.000 Tthal resources expended 335,035 265.420 Net exp¢nditsr¢ (12260) (12,962) This pagc does not fomi part of the stalutory fin￿￿181 statement5 Page 26