Charlty number: 1161347
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MARY-AT-HILL, ST ANDREW HUBBARD, ST GEORGE BOTOLPH
LANE AND ST BOTOLPH BY BILLINGSGATE
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
RPG Crouch Chapman LLP
Chartered Accountants & Statutory Audltor
40 Gracechurch Street
London
EC3V OBT

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
CONTENTS
Page
Rèfernncè and admlnlslrative details of the Church, 118 Tru8t•os and advisers
Truste•s' r•port
Trnstè•s' r•spon8lbilitl•s 8tat•mont
Independont oxamIn•￿S r•port
Stat•m•nt of flnanclal actlvltle*
8alan¢¢ shè•t
10
Not•s lo th• fln•nelal Statements

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT4IILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 81LLINGSGATE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Truste04
Linda Foster, Honorary Secretary
John Hughesdon, Churchwarden
Roy Humphrey, Honorary Treasurer
Laurence Target. Chur¢hwarden
K8vin May (resigned 31 July 2024)
Graham Mundy
Robert Mingay-smith
Rl R8vd Davld Urquhart, Asslstanl Priest
Charfty roglstornd
numbor
1161347
PrlnGipal offic•
St Mary-At-Hill Church
Lovat Lane
Eastcheap
London
EC3R 8EE
Bank•r8
CAF Bank Llmllèd
25 Klngs Hlll Avgnue
West Mailing
Kent
ME19 4JQ
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY.AT411LL. ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
INTRODUCTION
St Mary-al-Hill Mission Statement Our vision is to b8 a Church that is engaged and connected with the
community of which we are a part. We will get to know that community. We will Pray for that community. We will
welcome that community. We will make ourselves accessible & available lo that comrnunily. We will be a
welcoming Church, enabling all to encounter the Iransformlng love of God through Jesus Christ, in the Power of
Ihe Holy Spirit.
Manag•m•nt of the Charlty
The Charity Is managed by the Parochial Church Council (PCCI. This is made up of the Priesl Ilcerssed lo th8
parlsh. churchwardens, elected annually by the residenls ol the parish and others on the church's electoral roll,
and up to slx other members, elected annually from and by Ihose on Ihe electoral roll. The PCC has power to co
opl up to two addrtional members. Th8 PCC usually meet5 every other monlh and rnay delegate specific powers
lo a commitlee or committees. We havè a Standing Committee {empowered within limits lo Iransacl business
befvéeen meetings) and a 'Steerfng Group for the Resloratlon Projecl, which includes our archiiecl, Oliver Caroe.
PubllG ben•flt
As a Church of England Parish Church our charitable objeclives are principally the advancement ol the Chrisli8n
religion and such other things as are conductive lo that object. We also provide a community space for our area
and welcome choirs. orchestras and other groups to practice andlor perform. We also welcome educational
visils from schools and other groups, exploring the local hislory as well as our faith. We are open lo busin8SSeS
for seminars, receptions. lunches and dlnners, Thus, we are complylng wlth the Charlty Commission's publle
benefll guidance.
As818tant Prlest R•port
Thls was a year of stability and assessment of the opportunities for the churGh and parish. The annual Fish
Ha￿$1 was well attended. gupporied by an excellent leam of fishmongers.
At Christmas, the Carol Service was also well-supported, nol least by Common Councillors from several Wards.
Alderman Bronak Masojada Completed hls tenn 88 Sheflff. as did his chaplain, tha Assistant Priast.
Billingsgate Ward Club memberB conlinued to attend events and glve hospitality.
The new Adminlstrator settled in and provided energy and attention to running th8 bullding, Improving office
operations, relating to neighbour8 and City communities, and securing regular and occasional bookings.
In addition lo a superb effort in collecting Rates. th6 PCC Secr8tary provided mellculous support and led on
developing the vision for the building in collaboration with the Architects. A service of celebration was held lo
mark the restoration ol the lurret clock.
Prep8rations were made for fresh inili8lives in music that will ￿rne to fntition in the year ahead,
Sharéd mlnlsty wllh tho cluster churches e$p8cially All Hallows by the Tower $trenglhoned during the vacancy
following Katherine Hedderly's appointment as Archdeacon of Charing Cross.
St Ann8's Lutheran Church also had changes In Minlstry oversighl and malntained ils Sunday worshlp IncludSno
the quarlerly Ba¢h V8spers.
The Assistant Priest concluded a second year as Bishop to the Archbishops and maintained the weekly Monday
lunchtime services of Holy Communion.
Pag8 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY.AT411LL. ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 8ILLINGSGATE
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Steering Group and PCC Report
The Steering Gioup m8t once via Zoom. The main achievement this yeaT has been to complete a
comprehensive Slalemenl of Significance on the historic loinery. The investigation has revealed interesting
Information about Ihe history of th8 internal church fittings. We are grateful lo Greg Barrett of Caroe Architecture
for his Work in researching and producing the report. The next step will be lo work on a Statement of Need
out¢ining a renewed vision for the church and what part the historic joinery might play in future plans for Sl Mary-
at-Hill.
The PCC mel five time$ during the year.
There ware also saveral joint meetings with the PCC of All Hallows by the Tower lo take forward the process for
filling Ihe vacancies of Vicar of All Hallows and Priesl-in-charge of Sl Mary-al-Hill occasianed by the Revd
Katherfne Hedderfy's appointment as Archdèacon of Charing Cross.
Dls¢ussions wlth St Annè's Luth8ran Church about increaslng shared resources and way8 for coop8ratlon
continued. We are very grateful lo Pastor Meelis Sud for presldlng at several Wednesday Communion services
during the year.
The Completion lal the end of 20231 of Work on tho lurrel clock wa5 celebrated together with members of the
Antiquarian Horological Scciely on 11 July with prayers outside in Sl Mary-al-Hill and refreshments in (he church.
The church continues lo be used by numerous and varied groups. Notable events during 2024 were:
Nlghat Quireshi, our Common Councillor. hosted a drop-in sesslon for businesses and organizations in
the Billingsgale Ward. This sesslon provided an opportunity for attendees lo ask questions. raise
cOn￿rnS, and learn about the resources made availablo by the City of London, such as the Community
Tollet Scheme, Warrn Spaces, c￿ling Lessons. and F￿e Walking Tours.
The Police hav& also been ulllizing th8 church lor thelr Panel M881ings. These meellngs Inform local
resldents, buslnesses, and organizalions about area developments and provide a platform lo ralse any
issues or concerns directly wlth the police. The police also offer atjvice on handllng various silualions.
The F8rr18rs held their Annual AwaTd Ceremony in the church. Thls ongolng r6latlonshlp presents
valuable opportunlty to develop Dur relationship with the Company of Farriers,
In the autumn Kevin May resigned from the PCC. Over the past years his knowledge of and advice on
technologiGal matters has been very valuable and we are grateful for his Contribution lo tha work of Sl Mary-al-
Llnda Foster IPCC Secretary)
Muslc Report
SeNices
For our major s8rvices, eight members of Seraphim have been booked to sing as our choir. This continues lo
glve me scope for ch005ing much more demanding repertoire. and in a greater number of voice parts. This
number of singers also helps in lea¢Jing Ihe congregation in the hymns and carols, and we have provided musi
that in$pire$ those who hav& come to worship.
Live music
This year. we had one Harvest of the Sea Festival Organ Recital on 6 October. I performed music relating lo the
sea. However. we want to havé more live music in the church and from February 2025 we plan lo trial a
Wednesday lunchtime recital series collaboralSng with students from Guildhall School of Muslc and Dfama.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Organ and piano
The organ is in good health, and we have had new music desk clips installed. We are now able lo use the
existing church camera syslem lo better view conductors in the main part ol the church. In anlicipalion of the
new Live Music Series, the piano is belng tuned moTe regularly and maintained by Roy Martin.
Robert Mingay-smilh (DI￿clOr of Music)
Safeguarding Report
Protecting the rno$t vulneT8ble amongst us has always been 8 sacred mission we have taken exlremely
serTously al St M8ry-at-Hill. With the recenl prolound reckoning within Ihe Church ol England on safeguaiding
failsjres, we have Qontinued our ulrno$t commitment lo care and safety.
Key aGtion$ we have taken in th& past year include..
Tralning Senior lèadershlp includlng Churchwardens. thé Safeguarding Officer and other PCC membèrs lo
the appropriate level through the Diocesan training program.
Hosllng a sit8 vlsil with the Di0¢gsan Safeguarding tèam to review and update our pracllces and
procedures,
Posting clear communi¢81ions for rèportlng ¢on¢erns, includlng the crèallon of a safèguardlng mailbox for
confidential reporting.
Continuing to work closely with the Diocesan Safeguardlng team lo proactively dis¢us$ and ensure
approprlale handling of safeguarding mattèrs as they may arlse.
As a result of these actions, we ara confident we shall remain laithful to our protection duties.
Sarah Walker, All Hallows PCC member, lawyer and skilleol advoc818 for vulnerable persons. wlll lake over the
Safeguardlng Officèr for the Parlsh to carry foTrvard our care into 2025 and beyond.
Slobhan Martln Isafeguaréing Officer)
Admlnlstrator R•port
In 2024, the focus was on layng the foundalions lo imprové adminislralion and venue hire processes. We
explored tools such as Xero, Skedda. and Google Forms and prepared for the transition lo using these systems
in 2025. The bookkeeping for 2024 has now been fully updated in Xero, providing easier access to fin8ncSal
infom)ation and a clearer overview of our ac¢ounts.
Hire revenue decreased by 60/0 compared lo 2023, 10 £54,175. Two rnalor hlghlights of the year were the Fish
Harvest Festival and the Christmas Carol Servlce-both events were very w8118ttended, smoothly organised.
and recelved positlve feedback from those who attended.
Commvnily engagement has also strengthened. We fomied new partnerships wllh the city of London
Corporation, City Bridge Foundation, Guildhall School of Music and Drama, and the Worshipful Company of
Farriers. The Farriers Award Ceremony was held al Sl Mary-al-Hill in 2024, and we have worked on the launch
of a weekly ltsnchlime recital series by Guildhall students, starting in 2025. We have also begun discussions
around introducing hospitality into the church lo welcome visilors and making the church feel more alive during
the day when we are open. These conversations will be ongoing until we can present a clear proposal to the
pcc.
Th8 role of Events Host was created in 2024 to support bookings and provide a welcoming pr8s&nee in the
Church. In 2024 the recruitment process hag been prepared lo lake place in 2025. Thr8e Ev8nts Hosts 51arted in
February 2025.
Page 4

THE PAROCMIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST
ANDREW HU8BARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 8ILLINGSGATE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
During 2024, we have continued WOTking on building bridges wlh Si Anne's Lutheran Church, gaining a belter
understanding of each otherfs idenlilies and how we ran optimis8 our Co￿exISt1ng in Ihe space, by starting lo
have regular meetings. l also assisted with organlsing their Queer Carols and Pride S6￿1¢e in 2024.
Laurens Dekker (Parish Adminlstrator)
Flnance Report
Unrestricted Fund Income decreased from £148,990 in 2023 to £133,799 in 2024, with some variances on the
parish rale$ {down from £58.719 in 2023 to £57,445 in 20241 and lettings (down from £57,801 in 2023 10
£54,175 in 2024). Restricted fund income decreased slightly, from £985 in 2023 10 £499 in 2024.
Reslricled lund Income is derived from a trust fvnd held by The London Diocesan Fund (LDF) for the church of
St Mary al the Hill for Rector Expanses. As per an agreemenl with the Diocese. th8 PCC is enlilled lo Ihe
income derived from this fund This fund had previously erroneously been recognlsed in the aocounts, and a
prlor year adjustmènt has been posted to ex¢lud8 Ihese funds (see nol8 181.
Unr•8tn'cled fund 8xp&nditur8 was down, from £200,478 in 2023 10 £135,614.
This resulted in the church having general funds at the ènd of the year of £107,103. which Is only slightly down
on 2023, where general funds amounted lo £108.918. Reslricled funds at the year and amount lo £49,169
(2023.. £58,821).
Reserv•• pollcy
It is the polley of the PCC to keep a minimum of six months expenditure in the General Fund. This has been
maintained in 2024.11 has furth&r been decided lo hold funds for the long-teTm maintenance of Ihe church.
Approved by order of Ihe members of the board of Tru51e8s and signed on their behalf by:
Rt Revd Davld Urquhart
D8te-
,,/,/,,
Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST 80TOLPH BY BILLINGSGATE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible lor preparing the Trustees. report and the financial slElemenls in accordance with
applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting
Praclicel.
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial slalemenls for
each financial which give a true and fair view of the stale of affairs of the Church and ol its iricoming resouTGes
and application of resources, including ils income and expenditur8, for Ihal period. In preparing these financial
statements, the Trustees are required lo..
S818¢l suitable accounting policies and then apply Ih8m consistently.,
observe the methods and principles of the Chartties SORP IFRS 102)-,
make judgmenls and accounting eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have b8en followeé, Subject to any material
departures disclosed and explained in the financial slalements..
prepare Ihe f1nancial sialemenls on Ihe going concem basis unless il is inappropriate lo presume Ihal the
Church will CDrilinue in business.
The Trustees are responsible for keeping adaquale accounllng records that are sufficient lo show and explain
the Church's Iransa¢lions and disclose with reAsonable accuracy at any lime the financial position of the Church
and enable them lo ensure th81 the financial statements wmply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the asset5 of the Church and hence for taking reasonabl8 Steps for the pr8V8nlion and detection of
fraud and other irregularities.
Approved by order of the member5 of the board of Truste8s and slgngd on its behalf by..
,.I'IL Ujry b,
Rt Revd tlavid Urquhart
Dal8.' 1
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARYAT411LL, ST
ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independenl 6xamineVs report to the Trustees of The Parochial Church Council of the
Eccleslastical Parish of St Mary-At41111. St Andrew Hubbard. St George Botolph Lane and St
Botolph by Billingsgate {'Ihe Church.)
report to the charily Trustees on my examination of the accounts of the Church for the year ended 31
December 2024.
Responslblllti05 and basls of report
As the Trustees ot the Church you are responsible for the preparation of th& accounts in accordance with Ihe
requirements of the Charities Act 2011 (llhe 2011 Act'l.
l ￿pOrt in respect of my examination of the Church's accounts Carried out under section 145 of the 2011 Act and
in carrying out my examinalion I have followed the applicable Directions given by Ihe Charity Commission under
seclion 14515}(b) of the 2011 Act.
Indop•ndent 8xamlner'$ statement
Your allenlion is drawn lo Ihé facl that the Church has prepared the accounts in accordance with A¢counting and
Reporting by Charities: Statement of Recommended Practice applicable lo charitie5 preparing their accounts in
accordance wllh the Flnancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities: Slalemenl of Recommended Practice issued on 1 Aprll
2005 whlch Is referre¢ lo In the extant regulatlons bul has been wllhdrawn.
l undersland that this has been done in order for the accounls lo provid8 a Irue and fair view in accordance wilh
th8 Generally Accepted Accounting Pracll¢e effective for reporting periods beginning on or after 1 January 2015.
I have cornpleted my examin81ion. I confirm that no matters, other than those fully detailed below, have come lo
my altenlion in connection with the examination giving me reasonabl8 cause lo believe Ihal in any m8lerial
resp8Ct'.
accounling records were not kepl in respect of the Church as requlred by s8Ction 130 of the 2011 Act; or
the accounts do not accord with those records: or
the accounts do nol Gomply wilh the applicable requirements conc&rning the form and content of
accounts set out in the Charities {Accounts and Reports} Regulations 2008 other than any reqLiirement
that the a¢wunls give a 'lrue and fairf view which is not a matter Considered as part of an independent
examination.
l Confirm that ther8 are no other matters to which your attention should be drawn lo enable a proper
underslanding of the accounts to be r8ached.
Matter of Slgnifl¢anco - Employment of Trustee
The maller Ihal has come lo my allenlion is Ihal Ihe ¢harily engages Robert Minoay-smilh Ilrusleel as 8 salaried
employee Idelails afe provided in Note 12 to the accounlsl. We have been unable lo obtain documentation
showing approval of this silualion by tho Charity Commission.
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT4IILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OECEMBER 2024
This report is rnade solely lo the Church's Trustees, as a body, in acccjrdance wilh Part 4 of the Charllies
{Accounls and Reports) Regulations 2008. My Wofk has been undertaken so Ihal I might slate lo the Church's
Trustees those matters l am required to slate to them in an independent examiner's report and for no other
purpose. To the fullest extent perrnitled by law, I do not accapl or assume responsibilily to anyone othei than the
Church and the Church's Trustees as a body, for my work or for this report.
Signed..
Dated: Ic>
?£
Jeremy T￿TrI1 {FCAI
40 Gra￿hurch Street
London
EC3V 18T
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT4IILL, ST
ANDREW HU88ARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
STATEMENT OF FINANCIAL AcTIV￿lEs
FOR THE YEAR ENDED 31 DECEMBER 2024
As rest81ed
Total
funds
2023
Restrlctèd Unrestricted
funds
funds
2024
2024
Total
funds
2024
Not•
Incom• frorn:
Donations and legacies
Charilable aclrvllies
Investm8nts
15,455
111,620
6.724
1 S,455
111.620
7,223
26,478
1IT,140
6,357
Total Income
499
133.799
134,298
149,975
Expendlturo on:
RaisSrsg funds
Charitable activities
1,792
198, 760
10,151
135,614
145,765
Total expendllur•
10,151
135,614
145.765
200,552
Net mov8ment In funds
19,6521
(1,815)
111,467)
(50,577)
Raconclllatlon of funds:
Total funds broughl forward
Net movement in funds
58.821
{9,652)
108.918
(1.815)
167,739
(11,467)
218.316
(50.577)
Total ￿ndS carried fonvard
49,169
107,103
156,272
167,739
The Stal8menl of financlal aclivilies includes all gains and losses recognised in the year.
The note$ on pages 11 to 21 form part of these flnanclAI slalemenls.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT4IILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 8ILLINGSGATE
BALANCE SHEET
AS AT 31 DECEMBER 2024
As restated
2023
2024
Noto
Curr•nt assets
Debtors
Cash at bank and In hand
13
767
163.828
9. 728
169,415
164,595
179,143
Creditors: amounts falling due withln one
year
14
18,323)
{11.404J
N•t curr•nt aS8•t•
156,272
167,739
Tolal n•t assets
156,272
167,739
Charlty lund$
Reslyicled funds
Unffjslrided funds
15
49,169
58,821
Designated funds
General funds
15
15,015
92,088
15,000
93,918
15
Total unrestricted funds
15
107,103
108,918
Totsl funds
156,272
167.739
The financial statements were approved and authorised for issu8 by the Trustees and signed on ttieir behalf by..
Rt Rovd David Urquhart
Date: Iq
The notes on page$ 11 to 21 fom part of these financial statements.
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
The Church is a charity registered with the Charity Commission in England and Wales, charity number
1161347. Its registered address is St Mary-Al-Hill Church. Lovat Lane, Easlcheap, London, EC3R 8EE.
The principal activitses of the church is lo promole the Christian faith.
Accountlng pollclos
2.1 Basis of preparatlon ol financlal statements
The flnanclal stat8m8nts have b8en pr&pgred In accordancé wlih the Char11108 SORP IFRS 1021
Accounling and Reporting by Chariti85.' Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republlc of Ireland IFRS 1021 leffecllve 1 January 20191, the Financial Reportlng Standard
appli¢ablé In the UK and Républic ol Ireland IFRS 1021 and the Charities Acl 2011.
The financial statemenls hav? been prepared lo give a 'lrue and fairf vlew and have departed from
the CharllSes (Accounts and Reports) Regulations 2008 only lo the exlenl requlred lo provide a 'lwe
and fairf view. This departure has involved following the Charitios SORP {FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charilies.. Sialement of Recommended
Pracllce effective from 1 April 2005 whlch has slnce ba&n wllhdrawn.
The Parochial Church Council of the Ecclesia$ti¢al Parish of Sl Mary-Al-Hill, Sl Andrew Hubbard, Sl
George 8otolph Lane and St Botolph by Billingsgale meets the definition of a public benelil entlly
under FRS 102. Assets and liabilities are Initially recognised al hislori¢al cosl or Iran5action value
unless otherwise slated in the relevant accounllng pollcy.
2.2 In¢ome
All income is recognised once the Church has enlillemenl lo the income, it is probable Ihal the
income will be received and the amount of income receivable can be measured reliably.
Voluntary income
Donated seNices and lacilities are included at the velue lo the charity where Ihls can be
quanllf16d. The value of seThi¢es provid8d by volunteers has not been included in th888
accounts.
Collection8 are recognl$ed when r8colved by or on behalf of the PCC.
Planned giving under Gift Aid is recognised only when recgived.
Tax recoverable on Gift Aid donations is recognised when the donation is recognised.
Grants and legacies lo the PCC are accounted for as soon as the PCC is notified of Ils legal
enlitkmenl.the amount due is quanllfiable and its ultimate receipt by the PCC is ro8sonably
certain.
Income from fundraising and similar events is accounted for gross
Other income
Renlal income from the letting of church premises is recognised on an ac¢rual8 basis
Income from InvesbnentS
Interest enllllemenls are accounted for on an accruals basés. Tax recoverable on such
income is re￿gnISed in the same accounllng year.
Page11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policles (continued)
2.3 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation
committing the ¢harily lo that expenditure, it 1$ probable that a transfer of economic benefits will be
required in settlement and th8 amount of the obligation can ba rneasu￿d reliabty. Expenditure
includes any VAT which cannot be fully recovered and is r6POrted as part of the expendilure to which
It relates.
Expendituré is accounted for on an accru8ls basls and has been classlfled under headlngs that
aggregate all costs related to the category. Where costs cannDt be directly attributed lo particular
headings they have been allocaled to aclivili88 on a basi5 consislenl with the use of resources.
Governance costs are included wilhin thes8 costs and include cos15 attributable lo Ihe charity $
omplianc? wllh conslilutional and stalulory requirgmenls, including audit, trustees, meetings and
reimbursed expenses.
Grants and donations are accounted for when paid over, or when awarded, if that award creatès a
binding obligation on the PCC.
The diocesan parlsh shar8 Is accounl&d for when due.
2.4 Taxatlon
The Church Is consider8d lo pass the tests set out In Paragraph 1 Schedule 6 of Ihe Fbnance Act
2010 and therefore it m8ets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the Church is potentially exempt from taxation in resp8ct of in¢ome or capilal gains
received wllhln categorie5 covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section
256 of the Taxation of Chargeable G8ins Act 1992, to the extent that such income or gains are
8pplied exclusively to charitable purposes.
2.5 Dobtor$
Trade and other debtors ar8 recognis8d at the sottlemant amount after any trad8 discounl offered.
Prepayrnents are valuèd at the amount prepaid net of any trad8 discounts due.
2.6 Cash It bank and In hand
Cash al bank and in hand includes cash and short-term hlghly liquid inv8$lmenls with a short maluflty
of Ihree months or less from the dale of acquisition or opening of the deposit or similar account.
2.7 Llablllll•s and provlslons
Liabilities are recognised when there is an obligation at the balance sheet dale as a result of a past
evenl,11 is probable that a Iransfer of economic benefit will be Tequired in settlement, and th& amount
of th8 settlement can b8 esllmated reliably.
Llabilllies are recognis8d al the amount Ihat the Church anticipates It will pay to settle Ihg debl or the
amount it has received as advanced payments for the goods or $8rviGes It must provlde.
Provisions are measured al Ihe best eslimale of the amounls rgquir8d to sellle the obligation. Where
the effect of the tim8 value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the siatemenl of finan¢lal a¢llvities as 8 flnanoe cost.
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT*IILL, ST
ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.8 Flnanclal Instruments
The charity only has financial assets and liabililles of a kind Ihal qualify as basic financial inslruments.
including ils debtors and creditors. These ar8 inilially recognised al transaction value and
subsequently valued at their settlement value.
Amounts owing to lh8 PCC at 31 Dacember in respect of fees, renls or other income are shown as
debtors less provision for amounts that may prove uncoll&clable. Cash and cash equlvalenls
comprise cash in hand and call deposits, and other short term highty Ilquid Investments that are
readily convertible to a known amount of cash and are subject to an insignfficanl risk of change in
value.
2.9 Fund accounting
Unréstricled funds r•pr8senl Ihe funds of the PCC that are nol subjecl to any reslriclions regarding
their use and ar8 available for the general purposes of the PCC. Funds designated lor a particular
purpose by Ihe PCC are also unrestricted.
Reslricled funds aTe those funds that musl b8 Spent on restrlcled purposes and delalls of the funds
held and restrictions are provided In the relevanl notes in the accounts.
crftlcal accountlng astlfflates and areas of judgment
In preparing the financlal statements 11 is necessary to make certain judgemenls, estimate3 and
assumptions that affect the amount$ recognised in the financial statements. In the view of the Trustees
there are no significant judgements. estlmales and assurnplions required.
Ineome from donatlon8 and legaelas
Unrostrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
9,519
5,936
9,519
5.936
22,704
3,774
15.455
15,455
26,478
Total 2023
26,478
26,478
Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT•IILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 81LLINGSGATE
MOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from chaTltable activltles
Unrestrlcted
funds
2024
Total
funds
2024
Tol81
funds
2023
Parish Rates
Income from property lets
Olher incorn6 from charitable actlvities
57,445
54,175
57,445
54,175
58.719
57,801
620
111,620
111.620
117.140
Tol812023
117,140
717,140
Inv•stm¢nt Incom•
R•strlctod Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tot81
lunds
2023
Interest Income
Divid8nds
6,724
.724
499
5,372
985
499
499
6,724
7,223
6,357
Tolal 2023
985
5,372
6,357
Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HU8BARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 81LLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEM8ER 2024
Expenditure on ralslng funds
Costs of raising voluntary incom•
Unrestricted
funds
2024
Total
funds
2024
Total
lunds
2023
Fundraising
1, 792
Total 2023
1,792
1, 792
Analysls of expondiluro on charllablo actlvltlos
Summary by fund type
Restrlctsd UnrestrScted
funds
lund8
2024
2024
Total
2024
Total
2023
Dlrect costs
10,151
135.614
145,765
198, 760
Tolal 2023
74
198,686
198, 760
Analysls of •xpendltur• by a¢tlvltl•s
Actlvltles
undartaken
dlrectty
2024
Total
funds
2024
Total
funds
2023
Dlrecl costs
145.765
145,765
198, 760
Total 2023
198. 760
198,760
Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expendlture by actlvlties (continuèd)
Analysis of dlrect costs
Total
funds
2024
Total
funds
2023
Slaff ￿815
Dlocesan Common Fund
Cl88ning
Music
Light & H88t
Services & Event Expenses
Admlnlstration
Repairs & Malnlenance
Consullancy fees
Governance Gosts
49.280
41,920
6,015
4.533
4,412
1,188
6,452
13,086
15,551
3,328
43,025
39. 792
5.988
4.896
10,167
2, 762
5,162
79,168
5.400
2,400
145,765
198, 760
10.
Indopondfjnt •xamlnerf8 r•mun•ration
2024
2023
Fees payabl8 to Ihe Church's independent examiner lor the indep8ndent
examination (ply: audit) of the Church'6 annual accounts
2,700
11. Staff costs
2024
2023
Wages and salaries
Contributlon to defined conlrlbutlon pension schemos
45.630
3.650
39,931
3,094
49,280
43,025
Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANOREW HU88ARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Staff Costs {contlnued)
The average number of per50n$ employed by the Church during Ihe year vrds as follows..
2024
2023
No.
Church runnlng
No employee received remuneration amounting lo more than £60,000 in elther year.
12. Trust•e8' romun&ratlon and éxp•n895
Ouring the year. one or more Trust8es has been pald remuneration or has received other b&nefits for
$8rvic8s provid8d lo the chuch. The value of rernun8ralion was as follows..
2024
2023
Linda Foslar
Robert Mingay-smllh
Consultancy fees
Remuner81ion
Pension contrlbulions paid
5,400
9,630
740
5.400
9,630
During the year ended 31 December 2024, no Trustee expense5 have been incurred {2023 - £NIL).
13. D•btors
2024
2023
Duè wllhln on• y•ar
Other deblors
Tax re¢ov8rable
767
8.583
1, 145
767
9. 728
14.
Credltors: Amounts falllng due wlthin one year
2024
2Q23
Credltors & accruals
8.323
11,404
Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARYAT-HILL. ST
ANDREW HU88ARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Statement of funds
statement of funds - curront year
Balance at
31
DeGemb8r
2024
Balance at 1
January
2024
Income Expondltur•
Unr•strlct•d funds
Do8lgnat•d lunds
Clocks- frxlerior
Long lerm m8lnlen8n¢8
15,000
1,727
(1,712
15,015
15,000
1,727
(1,712)
15.015
G•neral funds
General Funds
93,918
132,072
(133,9021
92,088
Totsl Unrestrlcted funds
108,918
133,799
(135,614)
107,103
Re•trlct•d funds
Recloes expenses
Restoration Project
Health
Worshlp
4.041
53,229
274
1,277
(10.151)
43,078
274
1,277
58,821
499
{10,151)
49,169
Total of funds
167.739
134,298
(145,765
156.272
Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT4IILL, ST
ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds (Continued)
ststement of funds - prior year
As rest8ted
Bal8nce al
31
December
2023
As res181ed
Balance al
l January
2023
Transfers
in/out
Income Expendituro
Unréstrlct•d fund•
Dèslgnated funds
Clocks - exlerlor
Long lerrn mainlen8n¢e
75,830
15.000
10,713
(62, 192)
(24,351)
15,000
90,830
10,713
(62,192)
(24,351)
15,000
Gen•ral fund•
General Funds
69,576
738,277
(138,286)
24,351
93.918
Total Unr•strlcled funds
160,406
148,990
(200,478)
108.918
R•8trlcted funds
Rector's 8xpenses
Restoration Project
Health
Worshlp
3, 798
52,561
274
1.277
243
742
4.041
53.229
274
1,277
(74)
57,910
985
(74)
58,821
Total of funds
218.316
149,9T5
(200,552)
16T,739
Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST
ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Ststernent of funds {continuedl
Purpos8 of the Dèsignated Fund$:
Clock this Is money transfe￿ed Irom OUT General Fund to restore Ihe clock on the Easl end exterior of
the church. This work has now been completed.
Long t•m malntenance - Thlg fund is derSved from transfers from the General Fund lo cover unusual
maintenance costs lie costs olher than the expected annual Gostsl.
Purposes of Rostricted Funds:
Réttorfs expenses - Money ralsed to cover the Rector's expenses as there Isn't currenlly a Rector, the
funds are carri8d forward.
Restoration projectlsteerlng Group - Currently in the process of raising funds for resloralion project.
Health Thls was money raisèd lo support a first aid course, incluslng coverage of any (physical or
rnenlal) health issues.
Worshlp - Money ralsed to aid thè purchas8 of prayer books 8nd blbles, Including the support of worship
acllvilles.
R•oJtstem&nt of prlor y•ar's flgures
The Irustees have established that In prior years the accounts induded an endovlmenl fund atlribuled lo
Rector's expenses in error. This fund is held by and 18 the property of the London Diocesan Fund. The
capital elernenl of the endowment fund has now been excluded from the accounts whlch ha5 ￿dUCed the
Teslricted funds of the Church by £16,424 as al Isl January 2023. Fof further explanation please see note
18.
16. Analysis of net assets bfjtwoen funds
Analysls of n•t a8S•ts bohv•on funds . curr•nt p•rlod
Restrl¢t•d Unr•strl¢ted
funds
funds
2024
2024
Total
fund$
2024
Current assets
Creditors due within one year
49,169
115,426
18,323)
164.595
(8,3231
Total
49,169
107,103
156,272
Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST
ANDREW HU8BARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Analysis of net agset$ between funds (conllnued)
Analysls of net assets bgtween funds - prlor period
ReslriGled Unrestricted
funds
funds
2023
2023
Total
fvnds
2023
Currènt assels
Creditors due within one year
58.821
120,322
(11,404)
179, 143
(17,404)
58.827
108,918
167, 739
Total
17. Related Party Transactlonl
There were no transactlons wlth relaled partles other than those di8c1058d in Nole 1212023.. same).
18. Re4tstoment of prlor year's flgurn$
A prlor year adluslm8nt has been made a$ al 1st January 2023 to remove an endowment fund disclosed
un¢Jer restricled reserves that was eamiarked for rector's expenses. This fund is held by the London
Diooese Fund and the capital endowmenl was included in these 8ccounls in error. Only the income
generated by this fund is attributable lo the church. The effect of the adjustment is lo remov& A Fixed
Asset Investment in the sum or £16.424 al 1 st January 2023 and the corresponding ondowmenl fund from
the accounts and to reduce the restricted res8TVeS by £16,424 as al that dal8
Page 21