REGISTERED CHARITY NUMBER: 1159833 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ST SEPULCHRE'S PCC Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
ST SEPULCHRE'S PCC CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trusteeg I to 17 Independent Examlner's Report 18 Statement of Financial Activities 19 Balance Sheet 20 Notes to the Flnanclal StatemeDts 21 to 29 Detailed Statement of Flngneial Aetivities 30 to 31
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their r¢porl with the financial staten]ents of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account$ in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORIEcfivES AND ACTIVITIES Objectives and aims In considering its objectives and activities, the trustees have had regards to the guidance issued by the Charity Commission on public benefit. The PCC of Holy Sepulehre London has a Mission Action Plan (MAP), adopted in 2019 setting out the vision and targets for our mission and ministry as a church. This was reviewed by the Priest-in-charge following his appointment, resulting in two key plans being developed and being approved by the pcc, Ihese being an initial plan setting out the actions to update and renew the system of risK governanc¢ and internal control, and a MAP identifying our priorities for the next 12 months. This MAP detailing the current focus is available from the church office. The main activities carried out by the PCC in relation to the objects set out in the Parochial Church Councils (Powers) Measure 1956 as amended ar¢ set out in more detail in the following section, the Review of the Year. The PCC met 7 times during 2024 {including the APCM), 23rd January, 14th April, 21st May, 30th July. 24th September and 26th November Safeguarding The PCC has cornplied with the duty to have due regard to safeguarding guidance issued by the House of Bishops, including both policy and pracfice giiidance, as is required under section 5 of the Safeguarding and Clergy Discipline Measure 2016 Page I
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORIVIANCE REVIEW OF THE YEAR 2024: REVD. NICK MOTTERSHEAD RECTOR 2024 has been another year of continued focused commitment and effort by many people. 2024 was still a year of progressing the OTganisational foundalions, of continuing the steady PTOC¢SS of restoration of the building and renewing of church life at Holy Sepulchre, and of Progressing towards a sustainable financial mod¢l, all of which continued to offer hope for the future and signs that we wer¢ joining in with God's mission here. Some impact highlights to note are: Our impAet in 2024 People Through the door
29,800 Musicians perfonning or rehearsing 8,0110 Hygiene and related products donated 36.800kgs People attending church services 3,800 People attending community evenls 11,300 Volunteer hours supporting our activities 1,500 We continued also to focus not just on what we do. but how we do it and ensuring a CILfist-like welcome to all, whilsl also being bold in identifying new and innovative ways to reach and support our various communities. In doing so, we recognise always the importance of making a difference to people's lives and also to ensure we seek feedback and track this impact. To recap. our mission starts with a real desire to be a welcoming church for all, filled with worship and music, with bible-based preaching and prayer at th¢ heart of all that we do, actively involved in the Common Good, thai is a place for., Worship and prayer Hospitality and comp&ssion Education, discipleship and evangelism - Art, musi¢ and creativity Tourists and visitors - Stewardship and governance We also continued to develop, our fourfold role as a parish church, a City church, the home of ihe Royal Fusiliers, chapel, and the National Musicians, Church with the Musicians, Memorial chapel and what we are aiming to be, i.e.: l. A Parisb church.....witb Open every day with accessible pastoral and prayer support - A Sunday contemporary service with a growing congregation A developing role within the local community 2. A Clty church....wlth - Weekly contemporary, Choral Ev¢nsong and Sung Eucharist services with growing congregations An increasing corporate networK wanting to join us in celebrating and con]memoratin& and in social action - Collaboration and joining in with the d¢anery, diocese and National church Page 2
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 3. Home to the Royal FusllAeng Chapel... with - Regular services to commemorate and celebrate their service, and - Actively helping all to remember and act on the debt owed 4. The National Mustclans, Chur¢h...Ivlth - Regular services to commemorate and celebrate musicians A world-class choir, producing services and music of the highest quality and be an exemplar of choral musi¢. Re¢ognised for our stance on equality, diverstty and inclusivity (ie composition, performers and audience) Building relationships with the musical community, praying for those in the industy and wel¢omtng them into their church Building a local, national and international reputation. We are hugely grateful to the many individual and organisational funders, which provided Si1ficant funds, taking as past £lm cumulative funds to date towards our Resounding Futures programme. This has enable th¢ continu¢d progress in 2024 as illustrated below: Wbat we bave been doing Wor8bip and Prayer Remained committed to 7 Tegular services each week Continued OUT 3 special Royal Fusiliers services and annual lecture Continued our special services in our role as National Musicians, Church, including End of Proms, Thanksgiving, Requiem Mass and St Cecilia. Hojpitallty and compassion Provision of hygiene & related products lo Homeless Assessment Centre & explored further support Increasing work of City of London Hygiene Bank l Generoscity, now supporting 20,000 families Piloted packing of surplus food with partner - Maintained our 'pay what you can, café EducAtion, Diselpleshlp & EvaDgellsm Work fjn progress Commissioned veteran interviews and collaborated on Salerno landing films Commissioned film to record Steinway restoration Art, music and creatfvlty - Launched Choir CD Launched Musicali-Tea: Tea, Tales & Tunes - Piloted Groovin Tunes. community music event - Piloted Communi-Tea: Singalon& skills, socialise & Sharing Tourism and visitors Installed 2 additional TV screens to share content on musicians, bells, plate and fusiliers - Completed and published history book Page 3
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Stewardsbip and governanee Work in progress - tDStalled additional CCTV to include updates to externa] and cenlral aisle camera - Continued seeking Funding for Resounding Futures We also further developed our plans in recognition of the stewardship responsibilities we have nol just for the building but all the &spects of our benefice. We continued and extended to £1.5m our "Rcsounding Futures Campaign" to support and develop our rich musical and military heritage and ensure we can furth¢r develop our vital role in promoting the value of music, service and sacrifice to support community building and social change, Creating opportunities through a range of programs, events, and partn¢rships, Ihat will inspire and empower people of all ages and background& enri¢hing and improving their lives and those around them. In summary, some of the key areas of progress are: BuildiDg care - Arranged Ceiling survey - Commissioned Model D Steinway restoration Work in progress Conlinued "Stop the Leaks" Project Work in progress Progressed contracting of ceiling restoration Work in progress Progressed contracting of Organ restoration Monument & Memorial care - Completed update to MoZZa0gna memorial Work in progress Continued to explore transfer of RF Cross Outside space care Work in prOe$S Progressed installation of Crypt grates and railings Work in progress Continued to explore repair and changes to Parvis flat entrance and restoration of Grade ll railings - Completed Silver Eco Award Work in progress Continued to explore drinking fountain restorations Work in progress Continued to explore the outside spaces in the benefice and stakeholder interests - Installed Memorial in Postman's Park in conjunction with Barts Health NHS Trust This prOs5 came despite very limited operational fvnds as we continued to carefu11y invest in and pilot missional ideas. As such it is important lo offer my thanks to the team, as we all joined in with God's mission here. My thanks go to: the core staff team of Peter Aspreys Sarah Finch, 172y Gibber, Joanna Olasoji, Sarah Radford and Joshua Ryan. We were also joined by Alice Yales and Laura Owen to support our Warm Welcome initialive. the members of the Choir of Holy Sepulchre, and our worship leaders, Luke Hamlyn and Dan Usher, our hosts and many volunteer5. Page 4
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 - our PCC, including Ruth Baxter our churchwarden, Philippa Dirtton, and our PCC Observers Sebastian Fox (Chairn)an of the Royal Fusiliers Memorial Chapel Committee). Andrew Morris (Chaimian of the Friends of th¢ Musicians, Chapel) and Pct¢r Asprey our Director of Music: as well as th¢ m¢mbers of both chapel committees for their conlinued support and encouragemenl. - Alan Frost, our architect and constsnt source of knowlcdge and guidance as w¢ pri)gress our restorations Brian Grumbridge our honorary 8r¢hivisL who completed the researching and writing up our history published in April 2024: - Our bell ringers back into thcir rhythm of regular ringing. all our many wonderful Collaboration partners, with a special rnention lo the Friend5 of the City Churches, Musi¢ at Hill, and all the musicians who rehearse or perforn) here, who have enabled us to continue to fill Holy Sepulchre again with music and help it again become a welcoming place for all" and The many in the Diocese and the team at the Old Deanery particularly, so thank you Fr Luke Miller, Revd Katherine Hedderly and Georgina Oraham. Thank you all again. It has been a real privilege and blessing to serve God alongside you this year. The Revd Nick Mottershead Rector, April 2025 REVIEW OF THE YEAR: PETER ASPREY DIRECTOR OF MUSIC We have continued to pursue a vision for The Musicians, Church across five key areas, Worship, Spirituality, Education, Wellbeing and Performance. Worship Our numbers at Choral Evensong increased steadily through the year: 205 in Quarter 1. 317 in Quarter 2. 207 in Quarter 3 (which includes August with no services) and 672 in Quarter 4. We did joint services with Eltham College and US Choir. From Age to Age, and continued to flesh out Evensong with various events. including ¢oncerts with Ceruleo and Anna PraeseK and collaborations with the Prayer Book Society and the Royal Fusiliers. We inaugurated a monthly series of talks on Music and Spirituality with a wide rang¢ of speakers and curated a Holy Week reflective service of music and readings. The BBC Proms service was the biggest yet and was broadcast live on BBC Radio 3 to eat acclaim. The choir's CD of music by S.S. W¢sley was released and was nominated for Disc of the Year in Gramophone Magazine, We now have four services annually for musicians: St. Cecil1 Thanksgivin& Requiem and the Proms. We commissioned a new piece by Lucy Walker for St. Cecilia and had a good uptake for the 'Come and Sing., We began promoting Choral Evensong with weekly videos for social media. We continue to engage the very best choral singers on the circuit. Lowri Bufton joined the choir as our new first alto. Sptrltuality We began a series on Music and Spirituality, monthly as part of Choral Evensong and began the planning for an inaugural conference to take place in May 2025. We also began an extended Morning Prayer, once a month on Tuesdays, Prayer and Praise for the City. We began a prayer service for musicians offering int¢rcessory prayer for those in the musical community. Education Discussions continued with Awards for Young Musicians about a possible composition project with our professional choir and their stud¢nl composers. This looks like it is slowly coming to fruition. Th¢re has been a strong focus on engaging the music colleges and therc has been a very popular uptake for our Musicali-Tea series, at which a young musician perfoms each week. Page 5
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Wellbeing We began our weekly Musicali-T¢a s¢ri¢s with music college students. This has been a weekly sell-out and a great success. In addition we have started a Community Choir OD Monday lunchtimes. engaging the services of Joanna Gill (composer, conductor). Arrangements wcrc mad¢ for a service with the RSM around promotion of their John Birch fund for musicians in hardship. Performance The new piano payments were finalised, and the piano building has started (for completion April 25). A film of ihe process is being produced by Martin Bissiker. The choir were invited to perform with Ealing Choral Society in concert and also at The Athaneaum as part of their anniversary celebrations. Our weekly perfornl¢e series continued, including our partnership with Music at Hill and Musicali-tea. The church has been a hugely popular destination this year for other 'one-off perforniances from hirers. Other There has been an increasing focus on engaging with the United States. In addition to various groups from the US performing here, we have put out a package offer for groups that would like to get involved here with our professional choir or Director of Music. This has gone out to travel companies and agents, Links have been made with composers of choral music and commissions offered. Links have also been fornied with Vox Anima London and we are in discussion about a possible US Independence annual celebration. Peter Asprey Director of Musi¢ REVIEW OF THE YEAR: SARAH RADFORD COMMUNITY DEVELOPMENT WORKE Holy Sepulcbre Community Engagement Community is about doing something together that makes belonging matter IDtroductlOD As we look back on 2024. Holy Sepulchre is happy to reflect on its active role in the community and the initiatives that have brought together people of all backgrounds and needs. Throughout the year, the church has made great strides in supporting residents and visitors, promoting belongin& ereativity and well-being. The following highlights som¢ k¢y ¢vents that have significantly ¢ontributed to our community engagement. Musicali-Tea Descriptlon: Musicali-Tea is a free weekly event held at Holy Sepulchre, where guests can enjoy live musical perforn]ances during sandwicheslcakesltea and engaging in insightful talks led by a London City Guide. The event aims to offer a unique cultural experience and foster social connections, all in a warn] and welcoming environment. Objectlves: To provide a space for residents and visitOTS to unwind with music and culture. - To educate attendees about London's history and landmarks. To create a consistent, free event that offers both entertainment and intellectual enrichment. Impact: Musicali-T¢a h&$ quickly become one of the most anticipated weekly cvents, attracting a diverse range of participants. It has provided a plalforn) for musicians. guide5, and community members to come togeth¢r and shaTe in the joy of music, while also engaging with the City of London's rich history. Statistie8: - Total number of events held: 42 - Attendance.. 1477 guests - Number of perfomerslartists involved: 107 - Total number of guest speakers: 40 Page 6
ST SEPULCIIREIS PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Communi-Tea Description: Due to the growing populaTity of Mu5icali-Tea, we officially soft-launched Communi-Tea in the summer of 2024. This new initiative provid¢s a spacc for community members to come together, share their skills and lead activities. The schedule of events encourages participants to both share their expertise in various crafts, as well as attend workshops and well-being walks ¢ondu¢ted by professionals in various fields. Objectives: - To offer a space where local talent can be showcased. To create a platform for skill sharing and personal development. - To encourage professionals and hobbyists to offer crafting workshops. - To promote a sense of ownership and pride within th¢ Community. Impact: Communi-Tea has been instrumental in empowering individuals to step forward as leaders and contributors to the collective growth of the community. The variety of skills offered and shared has made the initiative a huge success, it has paved the way for collaborations among diverse individuals. Statistics: Total number of events held: 14 Total number of attendees: 195 LAGC {LondoD Autistic Group Charlty) Description: The London Autlstic Group Charity partnered with Holy Sepulchre Church in 2024 to host monthly Saturday events for neuro-diverse individuals and their families. Held in the Church's Harn]ony Zone, these galherings provide a safe space for attendees to meet friends, discuss their ¢xperien¢es and engag¢ in open conversations with both charity representalives and fellow community members. September LAGC held a conference at HSL with speeches on employment and mental health. Objectives: - To offer a safe, supportive environment for the neurorfliverse community. - To encourage social connection through activities tailored to the unique needs of attendees Statistics: - Total number of events held: 12 - Total number of altende¢s: 376 Other CommuDIty EveDtJ Overview: In addilion to ihe regular weekly and monthly events, Holy Sepulchre has hosted one-off community events throughout 2024. These events have been designed to bring people together for special occasions, fostering a sense of unity and collaboration within the local Community. These events have provided unique opportunities for individuals to connect and participate in meanin1 activities. Moving-memory Creative perfomance opportunities for older people. We held a &week dance workshop in the church. This event offered parti¢ipants gentl¢ exercise and a chance to learn something new. We ended with a dance perforn]ance live on the stsge area. Sollghaven Collaboration Dementia Friendly Concerts W¢ collaboral¢d with SonghavenUK to deliver 4 dementia friendly concerts for 75 guests. We celebrated Easter, National Carers, weeL Age UK Silver Sunday and Christmas. Met Police Choir We have a special relationship with the Metropolitan Police Choir. They perfornied a summer concert and a Christmas concert for our community guests. The engagement during and after these concerts was truly wond¢rful. Dates for a repeat in 2025 have been finnly secured in the diary. The Met choir gifted 20 Christmas Carol Concert tickets to our Community guests for theiT annual carol concert in Knightsbridge. Page 7
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Engagement with the Homeless Assessment Centre In 2024, Holy Sepulchre focused on providing support to those experiencing homelessn¢ss through engagement with the ncwly opcned local Homeless Assessment Centre. Recognising the need for cornmuntty support. we worked closely with th¢ ¢¢ntre lo offer individuals a safe and welcoming environment and individual tote bags containing essential hygiene products. The church be¢am¢ a point of contact for people to acccss hygiene products, bedding and hot drinks. Emotional and practical support has been provided with encouragement to join community events and musical concerts. This support has been an essential part of our commitment to ensuring that no one feels excluded, regardless of their circumstances. By providing a space for support and belonging, we have helped to give a sense of dignity and hope to individuals in need, allowing ihem to feel part of the Holy Sepulchre community. Generoscity And The Hygiene Bank Overview: Holy Sepulchre with The Hygiene Bank is on a mission to combat hygiene poverty in London. As new Community partners join. we have played a vital role in raising awareness and collecting essential hygiene products for individuals and familics facing financial hardship. This partnership has allowed the church to aclively contribute to alleviating the struggles faced by those experiencing hygiene poverty, providing crucial support to improve the dignity and well-being of vulnerable members of our cornmunity. Key Contributiong: Collectlon Drlves: We have organis¢d donation drives to collect hygiene products, ensuring that individuals who might oth¢rwis¢ go without can access these necessities. Awareness Campaigns: Through church events and communicalions, we have worked to raise awareness about hygiene poverty, encouraging community members to get involved in supporting our mission. Community Volunteer Overvlew: Throughout 2024, Holy Sepulchre has successfully engaged a growing number of community volunteers who have taken an active role in supporting both the day-lo-day operations of the Church and the success of our events. Many of these volunteers have found us from our comrnunity-focused initiatives, such as Musicali-Tea and Communi-Te4 where participants have shown interest in contributing to the church's work. Their involvement has been invaluable in fostering a deeper connection between the church and the local community. Volunteer Roles and Contributions: Volunteers play a vital role in hosting and organising events such as Musicali-Te4 ensuring thal each session runs smoothly. They welcome attendees, assist with logistlcs, and help create an inviting atmosphere for all. TraiDing and Development: Volunteers also gain opportunities to develop new skills, whdher through event coordination, customer service or outreach activities, helping them while serving the community. The involvement of volunteers has enhanced the church's operations and has created a sense of ownership within the community. Volunt¢¢rs have b¢com¢ ambassadors for the church, embodying it5 values of service, belonging and support for all, Celebrations and Wow Moment8 from CommuDity EngagemeDt Overview: Page 8
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 has been a year of remarkable achievements and celebrations for Holy Sepulchre, thanks to our ongoing community engagement. Wee worked closely with our local community, we've witn¢ss¢d "wow moments" that reflect the positive impact we're makin& we've been blessed with two key recognitions that Showca our commitment to support and social responsibility. Key Aehievements and Celebr&tlODS: - Dementia Frl¢ndly Venue Charter: Onc of ihe standout moments of the year was our accreditation as a Dementia Friendly Venue by the Mayor of London. This recognition highlights our efforts to create an inclusive environment where individuals living with dementia and their families can feel supported, respecled. and safe. By becoming a dementia-friendly venue, we've taken a significant step in ensuring that everyone, regardless of their cognitive ability, can fully participate in our evenls and activities. This accreditation is a proud moment for the church, underscoring our dedication to serving all members of our community with care and comp&ssion. Soeial Prescribing Innovation Nttwork Aecredlt4tion: Another milestone in 2024 has been our accreditation as an active member of the Soelal Prescribillg Innovalion Network, awarded by the Natlonal Academy for Soei21 Prescribing. This recognition affirnjs our role in 5UPPOrting individuals through non-clinical means, helping them access social and community activities that promote well-being. By being part of this networK we're not only contributing to the social prescribing movernent but also positioning Holy Sepulchre as a key cornmunity resourc¢ for health and well-being. Community Feedback Overview: As part of our commitment to continuous improvement and ensuring our events and initiatives are truly serving the needs of the community, we have gathered valuable feedback from attendees and participants throughout 2024. The responses we've received have been overwhelmingly positive, providing insight into how Holy Sepulchre is making a difference and where we can further enhance our offerings. Thank ou for even'thin ou dol You im rov¢ lives ver -Da hne Thank you so much for all the Musicali and Community events you have organised for us, I have really enjoyed them all, I hope we will have more in 2025 - Maggie Thank you for making 2024 so lovely for me, all your hard work is evident, I've enjoyed every Musica]i and every Friday with you teaching me to paint, craftin& singing and of Course chatting and that is important to me any my wellbeing- Jill Thank you for all your kindness, you really do care about me - Patrick Just wanted to let you know how amazing you are. your positivity always brightens my Thursdays, I appreciate everything you do for me, you let me own rny volunteer role to be my best self, keep smiling and spreading sparkle - Maureen What nobody would have realised from speaking to me today is that I have been suffering from prety severe dq)r¢ssion lately. l only Came out today because this group is my safe space where it's okay not to be okay. What a brilliant afternoonl My face hurt from laughin& the conversations covered everything from religion to 80s music and It was so nice to catch up with old friends and make new ones, Thank you all for being part of a really healing day for me - Clare l ¢cho this one, been very down and being able to laugh about silly things and talk openly about my experiences means the world to me - Grace Conelusion: Building a Strong Sense of Belonging & Looking AbeAd to 2025 Page 9
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024, Holy Sepulchre made significant strides in fosl¢ring a sense of belonging within the community. Through evenls like Musicali-Tea, Communi-Tea, and the LAGC gatherings, we've Created safe spaces for people to conn¢ct, share, and learn from one another. The church has also strengthened its ties with the local communities offering opportunities for cclebration and collaboration. Together, these initiativcs hav¢ cultivated a welcoming environment where everyone f¢¢ls valued and part of a shared community. Looking ahead to 2025, we plan to expand and build on these successes by introducing new activities, increasing our collaborations with local organisations, and enhancing the support provided to under represented groups. Laun¢h of the Holy Sepulchre Cornrnunity Choir for 2025 New Community Garden space engagement initiative with the Homeless Centre, encouraging empathy towards our green spaces and nature and taking care of our environment. THE ROYAL FUSILIERS MEMORIAL CHAPEL The Chapel in the south aisle commemorales the Royal Fusili¢rs (City of London Regiment). It was established in 1950 when the Regimental Depot Teturned to H. M. Tower of London. where Ihe Regiment was founded in 1685, having been at Cavalry Barracks, Hounslow since 1881. In 1968 the Royal Fusiliers became part of the larger Royal Regiment of Fusiliers, with its Headquarters in H. M. Tower of London. Oversight of the Chapel rests with a Regimental Committee of fiv¢, headcd by Dr Sebastian Fox. The staff of Holy Sepulchre are thanked for their continued support during the year and, in particular, the effort that h&8 been made to resolve the drainage issues under the GaTden of Remembrance. This has required a considerable amount of investrnent in both time and money, and the Chapel Committee is particularly aleful to Revd Nick for his work in addressing the issues. Events in 2024 2024 continued the cycle of activities for the Chapel: . 01 February - Annual cornmemoration of the battle of M0gro8na. . 22 May - Annual Lectur¢. This started with a short film on "Breaking the Gustave Line" followed by a talk on "The Fusiliers in Italy, 1943-45: conventiona] war OT a 'war amongst the peoples?" , 25 July - The annual commemoration of the Regimenvs part in the Korean War, 1952-53. l O November- Remembrance Sunday Service. The Chapel continues its role in commemorating members of the Regiment, with a number of new panels dedicated during the year. The Chapel conlinues to receive support from both individuals and the Regiment. Dr Sebajtian Fox Chair of the Royal Fusiliers Memorial Chapel Committee THE MUSICIANS, CHAPEL Page 10
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Over the last year. we have continued to search for and receive names to inscribe into the Musicians, Book of Remembrance, a task which demands great sensltivity and much contact with the families of these musicians. l am rnost grateful to the Names Group as always - and particular to Gillian CTacknell for all she continues to do to ensure that this work is done efficiently and with care. I am also grateful to our hd-Working Secretary, Rita Castle, who continues to oversee much of what we do and to all members of Committee who all continue to have a at input into our work. Mr Paul Gobey has joined the committee (and he will be elected at this AGM) and Mr ChTlStopher Fi¢ld and Dr Sarah Boyer retired during the year. My thanks also go to the Tre&surer, Professor Mark Wildman, who has worked hard to maintained our financial and legal affairs and h&$ produced our Annual Accounts. In addition, my thanks to Pippa Dutton for representing us on the PCC at the Church and to Peter Cook who regularly sees that ow activities are advertised in the ISM literature. During the past year the Priest-in-charge, The Reverend Nicholas Mottershead, has become Rector of Holy Sepulchre and continues to be a tower of strength to us and the Church's mission as the National Musicians, Church. I should also like to pay tribute to our Patron, Dame Felicity Lot¢ for the huge support she gives us year by year. The Requiem Eucharist on 8th November 2023 was sung beautifully, as always, by th¢ Choir of Holy Sepulchre directed by Peter Asprey, The Mass setting was the ever-popular Requiem by Fauré. The Reverend Nick Mottershead presided and preached. A good number of people attended this Service once again and we are hoping that this special Service will attract a larger congregation each y¢ar. Our Service of ThanL8giving this year was held on was on Wednesday 24th April with the Chapel Choir or Trinity Laban Conservatoire of Music and Dance at ihe Old ROY Naval College in Greenwich, directed by Ralph Allwood, MBE. The address was given by The Reverend Dr Stephen Cherry, Dean of Chapel and Fellow at King's College, Cambridge. The Principal of Trinity Laban read the First Lesson and our Patron read th¢ Second Lesson. Holy Sepul¢hre Church was again host to the Service of Thanksgiving and Celebration on the day after the Last Night of the BBC Proms, Sunday 15th September. The Service was broadcast live on BBC Radio 3. During the Service, the chaplet, which had been placed on the bust of Sir Henry Wood at the Last Night, was handed to me, representing the Friends of the Musicians, Chapel, and I placed it on Sir Henry's grave here is the Musicians, Chapel. The Choir of Holy Sepulchre under Peter Asprey, with organist Joshua Ryan. provided the music for this Service. Our Choral Requiem Eucharist took place on 6th November. The music was, again. b¢ Fauré's Requiem as Fauré's own death on 4th November in 1924, just two days from the centenary. The Choir of Holy Sepulchre was directed by Peter Asprey and the organ played by Joshua Ryan. The Reverend Nicholas Mottershead presided and prea¢hed, We are indebted to the staff at Holy Sepulchre for the day-to4ay maintenance of the Chapel on our behalf, especially to Sarah Finch, Operations Manager at the Church, and we thank them very much. Finally, I should like to thank all subscribing Friends who support the Chapel and the work of the Committee by a yearly subscription by Standing Order or by a chequ¢. We are most grateful. Andrew Morris Chainnan, Friends of the Musicians, Chapel THE ANCIENT SOCIETY OF COLLEGE YOLrrHS {ASCY) Page 11
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Ancient Society of College Youths (the "Society"), an international bell ringing society wilh a significant presence in the City of London. is responsible for organising bell ringing and maintaining the installation of bells at Holy Sepulchre. Each year, the Society elects a tower secretary for Holy Sepulchre to coordinate bell ringing for the Church and to liaise between the Church and th¢ Society. and a steeple keeper to carry out routine inspections and maintenance on the bells. For 2024, the tower secretary was James Watkins and the steeple keeper was Andrew Hills. Bell ringing at Holy Sepulchre in 2024 consisted of the usual mix of practices and perforniances by the Society. the Society of Royal Cumberland Youths, and various other &8sociations and groups. In particular, rive full peals (ringing perforniances comprising over 5000 distinct "changes" of bells taking over three hours to complete) were rung, including one on the day of the City of London's Lord Mayor's Show. Scheduled maintenance works on the bell installation were completed by Whites of Appleton Church Bellhangers in January 2025, funded by the Society's 'Bell Restoration Fund,. The installation continues to be in good working order, maintained by the Society's elected steeple keeper. Both James and Andrew werc re-elected by the Society in March 2025 to continue to represent the Society at Holy Sepulchre as tower secreiary and steeple keeper respectively. Their details are available on the Society's website (ascy.org.uk) and they would be happy to respond to any questions the PCC may have about the Society, its long involvement with Holy Sepulchre and its cuent activilies. James Watkins Holy Sepulchre Tower Secretary Ancient Society of College Youths DEANERY SYNOD REPORT 2024 City of London Deanery Synod Report The first meeting of the Synod in 2024 was held at St Botolph without Bishopsgate on 5th February and was attended by the Lord Mayor Aldernian Michael Mainelli. The main topic for discussion was a presentation on the ethical implications of Artificial Inlelligence as seen frorn a Christian perspective. Th¢ guest speaker was Dr. Malcom Brow the Director of Misson and Public Affairs for the Church of England. Following the presentation the Lay Chair, Mr Rory Anderson, presented the Lord Mayor with a copy of the King James Bible, comparing the spread of the New Testamenl throughout the then known World with the modern-day oWth of digital currencies and blockchain. In his response the Lord Mayor thanked members of Synod for their generous gift and quoted two past US presidents, Theodore Roosevelt and Ronald Rega who emphasised the importance of a thorough grounding in Holy Scripture, with the fornier describing it as being more important than a college education. Finally, Synod bade farewell to the Area Dean, the Revd Katherine Hedderly, who was IvIng the Deanery to take up a new post as Archdeacon of Charing Cross. The Summer Meeting of the Synod took the forn] of a joint garden party with members of the Westminster Synod h¢ld in the OUndS of the Mater's residence in the Temple. At this meeting members of Syni)d said far¢w¢ll to the outgoing Lay Chair, Mr Rory Anderson, who was standing down after many y¢ars of loyal servi¢e and elected Mr Alexander Rayner to Serve in this office for the reniainder of the triennium. Page 12
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The final meeting of 2024 was held at St Andr¢w by th¢ Wardrobe on the 9th October, wilh the main topic for discussion being the ecumenical use of the City Churches. The first presentation was by M5 Sarah Alder on the Taize service at All Hallows by the Tower. This was followed by a joint prcscntation by Fr Jack Noble. from St Gilcs Cripplegate, and Mr Martin Pendergast, from St Joseph's Roman Catholic Church. on the partnership between their churches and Wesley's Chapel and the Leysian Mission. Next came a presentation by Assistant Pastor Sebastian Matzer from St Annes's Luth¢ran Churcty which meets at St Mary at Hill, and finally Fr David Ramzy spoke on th¢ work of the Coptic Orthodox Church which meets at St Andrew by the Wardrobe, Fr Luke Miller, the Archdeacon of London, then spoke on the procedural arrangements for setting up such partnerships and the circumstances when a licence under faculty would b¢ required. This was followed by a question4nd-answer session. Finally, the Synod Treasurer gave a presentation on the Synod finances and the City Churches Burial Ground Fund. Graham Mundy Deanery Synod Representative April 2025 FINANCIAL REVIEW Financial position The PCC'S finances remain fragile with conlinued use of limited reserves to support th¢ renewing of church life, with challenges in both the short terni. as well as in medium to long term with urgent building repairs and a formal progTamme of restoration and Tede¢oration needed. The headline figure shows a small surplus of £6,127 (2023: £12,962 deficit). As always, we are ateful for God's failhfulness and the generous giving of th¢ congregation. Incoming resources for the year came to £404,216 (2023: £322,775). conegatIOnal giving and Parish Rate was up at £173,307 (2023: £126,773) as was hiring income at £110,842 (2023: £68,594) and grants at £42,833 (2023: £52,432), I'he other material sour¢e of income is the income from the NET mast at £35,988 (2023: £35,988). Total outgoings increased £378,449 (2023: £335,035) with the main increases being Wages and Salaries £152,222 (2023.. £107,467) and Running costs £93,640 (2023: £81.492) although a decrease in utilities £28,362 (2023: £44,227). Overall. this meant a surplus for ihe year of £25,767 (2023: £12,260 deficit) with the PCC holding unrestricted funds at the end of the year of £8,674 (2023.. £2,547) and restTlCted reserves of £66,725 (2023: £47,085). Reserves policy The PCC has a reserves policy which is consistent with the Church of England's guidelines. The guidelines advise that reserves should be held to cover the following: a fabriclmaintenance fund, costs of salary to cover any notice period for staff and a Mission Opportunities Fund, so that mission opportunities are not stifled by the lack of funds. Accordingly, reserves are held to cover the r¢quircd salaries for staff and to cover any urgent works to the building. The budgets are set to incorporate these amounts and this is reviewed periodically. Whi15t our reserves are substantially below this level, we are confident in our future plans that over time our reserves will be built back up. Page 13
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CHURCHWARDEN'S BUILDING AND FABRIC REPORT 2024 2024 saw a continuation of our regular pattern of events and the second half of OUT 'Winter Welcome Project, program. This ran frorn October 2023 to March 2024 and w&$ funded by the National Lottery Community Fund. The project saw the start of a rang¢ of new activities, including our Musicali-Tea scssions (which proved $0 popular they continued for the remainder of 2024 and are planned for 2025), regular dementia friendly con¢erts. 'Groovin Well, dance classes and ¢ducational events with schools. to name but a few. It also enabled us to open 7 days a week. We saw an increase of more than 4,000 people through our doors during the projecl's run, showing us that we are a valued community space and further highlighting the importance ot our Commitment to caring for, and restoring, our important Grade I listed building. The rnoney from the National Lottery Community Fund also enabled us to undertake some small building improvement5, including increased security by adding electronic locks to areas that were withoul Ihem, such as our electricity meter lalarm space and the church kitchen, and the introduction of further community noticeboards. The Funding also enabled us to make vital repairs to the church boiler and temperature controls, ensuring OUT space could really offer a warm welcome. In 2024, as part of our whole Restoration and Renewal Program, which also includes outstanding refurbishment works resulting from the Quinquennial Inspe¢lion 2022, it was important to stop the leaks and ensure the building is secure from further water damagc. Various approvals and funding were obtained, our 'Stop the Leaks, work began, and it included: Cutting back trees around the church The installation of rodding halches on downpipes The repair of the Musicians, Chapel roof The unblocking of existing drains. The redir¢¢tion of drains in the Garden of Remembrance to Holborn Viaduct. 2024 saw the completion of most of these works. The drainage re-direction is currently in progress, and the repair to the Musicians, Chapel roof should be complel¢d in early 2025, The Stop the Leaks work was an important firsl step in the repairs programme, especially when considering the urgent works required to our ceiling and ils restoration. Following a survey in 2024, funded by the Friends of the City Churches and The National Churches Trust, it was identified that all 21 squares of th¢ ceiling required varying levels of repair and restoration. After securing the funds from the City Churches Grants Committee for this extensive worK Cliveden were instructed our contractors for the work, which Started in early 2025. Alongside our own 7 regular services per week, The Ukrainian Orthodox Church continue to use the church space on a weekly basis and have seen their congregation grow steadily through 2024. Joining in with us as a comrnunity, not only have they donated funds towards the church building repairs, but members of their congregation have helped us with their ¢arpentry skills. We recognised the need to improve lighting for our choir, and until the funds and permissions allow us to implement something more pennanent, we decided to use rechargeable lamps for each choRr member. For the lamps to stand securely in place during services we needed a wooden pillar for each lamp, the pillars blending in with the choir stlS. The Ukrainian congregation got to work when we received the wooden blocks for these pillars, by sanding, finishin& and treating the wood so that they look like they have always been in the church. Page 14
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 A homeless assessment centr¢. run by Thamesreach. opened in 2024 bchind the church in th¢ Snow Hill Court buildings, aftcr th¢ buildings were reinforced and fully refurbished. The works result¢d in a planned change to the access of Snow Hill Court, with th¢ proposal being to have an electronic gate in place, monitoring access and manned 24 hours a day by the assessment centre staff. Thc gate was installed but il was quickly decided that this method of access was not practical for centre staff to man, nor for the clients of I Snow Hill Court to access. The gate remains open 24 hours a day. Since the opening of the centre, there has been an increase in antisocial behaviour in Ihe immediate area around the church, particularly at the west end, adjacenl to Snow Hill. All issues have been reported to various authorities. including the police. Unfortunately, as part of this in¢reased antisocial behaviour, our Grade I listed gate was torn from its hinge and is currently being stored within the church building until a repair to the hinge can be organised. The antisocial behaviour has also impacted The Parvis Flat tenants, whose gardtn and front door are accessed next to the Church's West Door. Plans are in place to install security camer&8 above their street door, to replace current fencing with something more secure, making the garden area private and closed off, as well as installing a new access gate for tenants, facing out direclly onto Snow Hill. Discussions around the funding for this are ongoing. In December 2024, wo$ to alter the Mozzagrogna memorial in the Garden of Remembrance w¢r¢ completed. The alterations mean that now all ranks of115th Royal Gurka Rifles ar¢ commemorated. 2024 also saw the introduction of a brass sundial on an existing stone plinlh in Postman's ParL a green space. a large part of which is vested in the Incumbent of Holy Sepulchre. The di would include inscription memorialising members of slaff at the Barts Health NHS Trust who died in service during the Pandemic. We continue to work wilh telecommunications companies through Shared Access - Ihe approved third-party ontractor appointed by the telecommunications operators to allow access for regular maintenance and repair works. The relationship with th¢ cleaning company, Clean for Good continues to go well and, following the increase in activity in ihe church, we moved from x2, to x3 weekly cleaning sessions in 2024. Crystalkil continues lo provid¢ monthly pest control visits, with increased sightings of mice Ixing reported following the inlroduction of more bins outside for the Homeless Assessment Cenlre, and the increase in food waste being created. The temporary fencing structure is stAII in place to keep access to th¢ north side crypt area restricted. Faculty pennissions have been granted to install a pemianent fence. Conversations around funding of the fence are ongoing. Rulh Baxter April 2025 ELECTORAL ROLL REPORT In preparation for the APCM, the Electoral Roll was revised in April and the new roll was displayed publicly. There are currently 8 names on th¢ roll. Sarah Finch. Electoral Roll officer. 7th April 2025 Page 15
ST SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRucfuRE, GOVER]YANCE AND MANAGEMENT Governing document The governing document for the PCC is the Parochial Church Councils (PoweTS) Measure 1956 as amended, which sets out the principal function of the PCC as being "promoting in the parish the whole mission of the Church." ReeruitmeDt and appointment of new tTllStees The method of appointment is as set out in the Church Representative Rules. All regular church attenders are encouraged lo register on the Electoral Roll and consider standing for election to the PCC. Churchwardens and other PCC members are elected at the Annual Parishioners, and Annual Parochial Church Meetings. Risk review The major risks to which the Charity is exposed, as identified by the trustees, have been reviewed and systems or procedures have been establish¢d to manage thcse risks, This includes a Safeguarding Policy which was reviewed during 2024. The PCC aspires to maintain a safe environm¢nl for all its activities and premises. Accordingly, a Health and Safety Policy is in place and was reviewed in 2024. The PCC endeavours to maintain high standards of care and consideration when dealing wilh ¢hurch members and the public. All Staff have undertaken GDPR training. A Data Protection policy, Data Retention Policy, Privacy Policies and Data Consent Fornis are in place. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1159833 PrlDclpal address Holborn Viaduct London ECIA 2DQ Page 16
Sf SEPULCHRE'S PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trust¢es McmirT5 of the PCC {eKcept Dcancry Synod wembers who are eleeted for 3 years) are elected annually by the Annual Parochial Church Meetin8 IAPCM> in a¢cordan¢e with the Church RepresentBtion Rules. During the period coveKd by this report and up lo Ihc date of the euffcnt yeaes APCM (13th April 2025) the followin8 have s¢rved es members of the PCC: Rector Chalr: - The Revd. Nick Motter5head (From February 2021) Chutth Wardens: - Ruth Dter (R¢kded in April 2024, also ¢le¢tcd 8$ Lay Vice Chair) D¢atttry Syood ReprtJ¢nt#tl%'¢: . Vacant Eleeied Lay membtrs of the PCC; - Phillipa Dutton (Fron) Mir¢h 2022: r¢l¢cted In Awil 2024) - Petu Asprty (Observer from March 2023) - St$t14 Fox (Obxrver from March 2023) - Andrew Morrls (Observer from March 2023) Duringthi8 period, all Lay PCC Diembers were on the Church ElefflLYal Roll. Indtpnd¢n¢ ExJmiDer Anwer Patel BA(Hon5) FCA BFP Prestons & Jacksons Partner511ip LLP 364 - 368 Crnnbrook Road IlfoTd Essex IG2 6HY Ba ae¢ounts for the PCC Are held with Lloyd5 Banking E3roup PLC. Holborn Circus. A D¢posit account ij held with Ste4rdShIp1 l Lambs P&8¢. London ECIY 8AB. Approv by order of the board of trustees on .....l.3 . O.ltr.: 202&..,. .. and si8ned on its behalf by: Trustee Page 17
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST SEPULCHREIS PCC Imdependent examiner's report to tbe trustees of St Seplllehre's PCC I report to the charity trustees on my examination of the accounts of St Sepulchre's PCC (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report AS the charity trustees of the Trusl you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 (Yhe Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in Carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent euminer's $tstemeDt Since YOUT charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confinn that I am qualified to undertake Ihe examination because l am a member of the Instilute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no materia] matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those record3. or the accounts do not comply with the applicable requirements concerning th¢ forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rea¢hed. Anwer Patel BA(Hons) FCA BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Page 18
ST SEPULCHRE'S PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Totsl funds Unrestricted Restricted fund funds Noles INCOME ANJ D ENDOwmEs FROM Donatio% and legacies 41,038 177,924 218,962 179205 Investment income Other income 37,497 147,757 37,497 147,757 38,860 104,710 Total 226292 177,924 404,216 322,775 EXPENDITURE ON Charitable a¢th7ltle$ Charitable Activities 244,802 133,647 378,449 335,035 NET INCOMEI(EXPETD1TuRE) Transfers between lld8 (18,510) 24,637 M,277 (24,637) 25,767 (12,260) 17 Net movement In funds 6,127 19,640 25,767 (12.260) RECONCILIATION OF FUIYDS Total funds brought forward 2,547 47,085 49,632 61,892 TOTAL FUNDS CARRIED FORWARD 8,674 66,725 75,399 49,632 The notes fonn part of these financial Statements Page 19
ST SEPULCHRE'S PCC BALANCE SHEET 31 DECEMBER 2024 31.12.24 31.12.23 Notes FIXED ASSETS Tqngibk assels 12 52.833 6,494 CURRENT ASSETS Stocks Debiors L'ath 8t bank 13 14 J,851 14.633 143,042 36,509 143.153 159,520 179.662 CREDITORS Amounts falltng due wilhin one year 15 (13A960) (136,524) NET CURRENT ASSETS 22,366 41.138 TOTAL ASSETS LESS CURRENT LIABILITIES 75J99 49,632 NET ASSETS 74399 49,632 FUNDS Unrestricred funds: Genernl fund Restricted funds: Re5tricied Funds Restricted Fixed Assets 17 &674 2,547 21.725 45.000 47.085 64725 47.085 TOTAL FUNDS 75?99 49,632 The financill 5tstements were approved by the Board of TNsrees and auth(Yis¢d for Issue on J3.QW...Xl7tr,......,,.... and w'ere sigrjed on ils behalf by: The notes forni part of these financial slakments Poge 20
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTINC POLICIES Basis of preparing the financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2019),. Financial Reporting Slandard 102 'The FinanLial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expeoditure Liabllities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured ieliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggreg81¢ all cost related to the category. Where costs cannoi be directly attributed to particular headings they have been allocated to a¢livilies on a basis consistent with the use ofre50UTces. Grants offered subject to conditions which have not been met at the year end date are noted a commitment but not accrued as expenditure. Tangible rued asyets Tangible fixed assets are stated at historical cost less accumulated depre¢iaiion and any accumulated impairnient losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in th¢ manner int¢nded by management. Depreciation is charged $0 as to allocate the ¢i)st of assels less Iheir residual value over their estimated useful lives, using either a straight line or reducing balan¢¢ method, as indicated below. Depreciation is provided on the following basis: Fixtures and fittings - 25 % Reducing balance The assets, residu values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a SAlfiCant change since the last reporting date. Stocks Stocks are valued at the lower of cos1 and net realisable value. after making due allowanrx for obsolete and slow moving items. T2rAtion The charity is exempt from tax on its charitable activiti¢s. Page 21 continu¢d,..
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - eontiDued Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrictcd purposes within the obj ects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Grants 47,309 171,653 45,819 133,386 218,962 179,205 Page 22 continued...
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES - continued Grants received, included in the above, are as follows: 31.1224 31.12.23 Trust For London Diocesan Burial Ground The Friends of the Musician Chapel City Churches Grants Committee The Pemberton-Barnes Trust The Charles Skey Charitable Trust The Worship Company of Salters The Blyth Watson Charitable Trust National Lolt¢ry Cornmunily Fund Barchestevs Charitable Foundation National Churches Trust The Friends of the City Churches Culture Mile BID The Benefact Trust Hoares Bank The Worshipful Company of Fuellers The Worshipful Company of W¢av¢rs Landsec Futures Julian Bream Trust M&G Generoscity Royal Fusiliers Association London Diocese 1,058 2500 10,000 67,598 3,000 1,058 2.953 15,000 50,622 10,000 3,500 i 0,000 2,000 32,092 39,750 1.100 1,881 5,026 3,000 12,000 7,500 1,000 51)0 2,500 2,500 1,740 3,000 3.161 171,653 133,386 INVESTMENT INCOME 31.12.24 31.12.23 Rents receivable Parochial Fees 35,692 1.805 38,812 48 37,497 38,860 Page 23 continued..
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER INCOME 31.12.24 31.12.23 Net Income Events & ChuT¢h Hire Income Interest Income Diocesan Burial Ground Payment CD income 35,988 110,842 194 353 380 35,988 68,594 138 (io) 147,757 104,710 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support costs (see note 7) Direct Costs 6) Totals Charitable Activities 371 J99 2,400 4,450 378,449 GRANTS PAYABLE 31.12.24 31.12.23 Charitable Activities 2,400 6.727 The total grants paid to institutions during the year was as follows: 3l.12.24 31.J2.23 Dellow Centre Life Centre Salford Voice for Uknainc 2AOO 2,400 1,000 3,327 2,400 6,727 Page 24 continued...
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS Governance costs Charitable Activities 4,450 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benehts for the year ended 31 December 2024 nor for the year end¢d 31 December 2023. Trustees, expensej There were no trustees, expenses paid for Ihe year ended 31 December 2024 nor for the year ended 31 Dpxember 2023. srAFF COSTS 31.1224 31.12.23 Wages and salaries 131,731 94,553 131,731 94,553 The average monthly number of employees during the year w&s as follows: 31.12.24 31.12.23 Charitable activities No employees r¢¢¢iv¢d ¢molum¢nts in excess of £60,000. 10. COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.12.23 Unrestricted Restricted fund funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 87,715 91,490 179,205 Investment income Other income 38,860 104,710 38,860 104,710 Tot¥dl 231,285 91,490 322,775 EXPENDITURE ON Charitable activities Charitable Activities 272,421 62,614 335,035 Page 25 continued..
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. COMPAIL4TIVES FOR THE STATEMKIYT OF FINANCIAL ACTIVITIES 31.12.23- colltlDued Unrestricted Restricted fund funds Total funds NET INCOMEI(EXPENDITURE) Transfers between funds (41,136) 12.178 28,876 (12,178) (12,260) Net movement in funds (28,958) 16,698 (12,260) RECONCILIATION OF FUNDS Total funds brought forward 31,505 30,387 61,892 TOTAL FUNDS CARRIED FORWARD 2,547 47,085 49,632 11. KEY MANAGEMENT PERSONNEL Key Management Personnel of the Organisation is the Board of the PCC. 12. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Totals COST At l January 2024 Additions 10,117 3,504 10,117 48,504 45,000 At 31 December 2024 45,000 13,621 58,621 DEPRECIATION At l January 2024 Charge for year 3,623 2,165 3,623 2,165 At 31 December 2024 5,788 5,788 NET BOOK VALUE At 31 December 2024 45,000 7,833 52,833 At 31 December 2023 6,494 6,494 Page 26 continued...
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. STOCKS 31.12.24 31,12.23 Finished goods 1,851 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors 14,633 36.509 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditor3 Other creditors 19,902 117,058 42,879 93,645 136,960 136,524 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Totsl funds UnrestrACted Restricted fund funds Fixed assets Current assets Current liabilities 7,833 137,801 (136,960) 45,000 21,725 52,833 6,494 159,526 179.662 (136,960) (136,524) 8,674 66,725 49,632 17. MOVEMENT IN FUNDS N¢t movement in funds Transfers between funds At 31112124 At 111124 Unrestrleted funds General fund 2,$47 (18,510) 24,637 8,674 Restrl¢ted funds Restricted Funds Restrkcted Fixed Assets 47,085 44,277 (69,637) 45,000 21,725 45,000 47,085 44377 {24,637) 66.725 TOTAL FufiDS 49,632 25,767 75J99 Page 27 continued...
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- ¢ontinued Net movement in funds, included in the above are as follows". Incoming Resources Movement resources expended in funds Unrestricted funds General fund 226,292 (244,802) (18,510) Restrlcted funds Restricted Funds 177,924 (133,647) 44,277 TOTAL FUNDS 404216 (378,449) 25,767 Comparatives for movement An funds Net movement in funds Transfers between funds At 31112123 At 111123 Unrestrieted funds General fund 31,505 (41,136) 12,178 2.547 Restricted funds Restricted Funds 30,387 28,876 (12,178) 47,085 TOTAL FUNDS 61,892 (12,260) 49,632 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 231,285 (272,421) (41,136) Restrleted funds Restricted Funds 91,490 (62,614) 28,876 TOTAL FUNDS 322,775 (335,035) (12,260) Page 28 continued...
ST SEPULCHRE'S PCC NOTES TO THE FINANCIAL STATEMENTS - continued OR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- Continued Analysis of Restricted Reserves carried forward as at 3131 Dec 2024 111124 In¢om¢ Expenditure Transfer 31112124 Stewardship- Music 18,383 (18,383) Hardship Reserve 9,702 9,702 Generoscity Income 27.125 6,175 (21,535) 11,765 CCGC 73.591 (48,954) (24,637) Community Lottery Fund 39,750 (39,750) Royal Fusiliers 5,025 (5.025) Piano & Organ 10,258 35,01)0 (45,000) 258 47,085 177,924 (178,647) (24.637) 21,725 Anaty8ls of Re8tri¢t¢d Flxed A$setg Re8erves Carried fonvard A$ At 31st Dee 2024 111124 In¢ome Expenditure Transfer 31112124 Piano & Organ 45,000 45,000 I& RELATED PARTY DISCLOSURES None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity, and no Trustee expenses have been occurred. Page 29
ST SEPULCHRE'S PCC DETAILED STATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR EIYDED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations gnd legaefjes Donations Grants 47?09 171,653 45,819 133,386 218,962 179,205 Investment Income Renls receivable Parochial Fees 35.692 1.805 38.812 48 37,497 38,860 Other income Net Income Events & Church Hire Income Interest Income Diocesan Burial Ground Payment CD income 35,988 110,842 194 353 380 35,988 68,594 138 (10) 147,757 104,710 Total IncomfiDg resources 404216 322,775 EXPEIYDITURE Charltable actfvltle Salaries Utilities Running Expenses Staff Expenses Honoraria Diocesan Common Fund Mission and Evangelism Other labour costs Fixtures and fittings Grant Making 131,731 28,362 93,640 27,488 49,734 5,937 12,051 20,491 2,165 2,400 94,553 44,227 81,492 24,991 34,910 23,750 5,306 12,914 2,165 6,727 373,999 331,035 Support costs This page does not fonn part of the ststutory financial statsments Page 30
ST SEPULCHRE'S PCC DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Support costs Governanee eosts Independent Examination Fees Professional Fees 2,400 2,050 2,200 1,800 4,450 4,000 Total resources expended 378,449 335,035 Net incomel{expendlture) 25.767 (12,260} This page does not forni part of the statutory financial siaternents Page 31