THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT ST BARTHOLOMEW WEST SMITHFIELD tN THE CITY OF LOIYDON ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 DECEIVIBER 2024 ST BARTHOLOMEW THE GREAT 13AI? I.S 1123- 2023 PAROCHtAL CHURCH COUNCIL OF GREAT ST BARTHOLOMEW PAROClItAL CHURCH COUNCIL OF CREATSAINT BAKtHOIA)MEW THR PARISH OF GREAT ST BARTHOLOMEW. LONDON ECIA 7JQ.--....-....--.. Membersbip....... . Obj¢rtives and Adivities... Achievements and PerfOrn￿¢¢........ FinonciE41 Review... R¢8eTve8 poli¢y....................... Going Concern Policy.......... Fun¢Jrnising... Ri8k &$sessnwiL........... S&feguardinB policy................. .. . Inve5tm¢nt policy.......................... Tn￿le. Avid readers of these annual reports will kuow that the parish has, historically. been heavily Teliant on filrning income to nieet dmy-to-day Cxpenditt￿e. In 2024. not one sin8le filming company chose St Bartholomew the Great as a set for their produdion for the first time in over decade. Given the budget passed by the PCC for the year of 2024 anticipated £99,000 worth of filming income, th¢ fact that ow deficit iti the UDre$tricted funds was only £15,907 was A Significaot a¢hievemeDt. This is thanks to a number of factors.. l. The Church Office adopted a'little And oftell" strategy for lettings income 2. The Finance Team; Adopted Giv¢Tap. ￿p)drill8 the cumbersome physical card re&ders for much mor¢ scalable smartpboue-based donationB, and recruiting a team of volunteers to wield them at our D¢¢mber carol services b. Analysing the accounts to discover what the likely gap would b¢ betwecn expenditurc and income without any filming income. the basis for our hugely successful "Close th¢ Fi]miDg Gap" call¥aign to increase regular giving PAROCHIAL CHURCH COUNCILOF GREAT SAif4T BAirtHOLOMEW From an ittcomc perspective, 2023 was our 900th Atiniversary year. duting which we ran a wide range of fiJndraising activities and events. That our total incoming re80urces only dropped by £12k is the great sU￿rise. Accounting for this, you can see that Doniilons and legacies increased from £590,622 to £759,072 (up £168,450). Mostly. this is d￿¢ to.. l. Income going towards the FRbrlc Fund which iDGreased by £160,323 (note 17) 2. Unrestricted Don*doDs aDd LegAcles inGr¢8sin8 by £74,512 (£293.483 in 2023 to £367,995 in 2024) £35.000 of that increase is du¢ to a legacy. whicb onc would hope is not a regular occurrence b. £39,512 was an incre&8¢ in both regulllr and irregular donations 3. Income from Concert lettlngj, fflms and other events decreasing only £95.801 (£148,014 in 2023 and £52.213 in 2024) despite the total drying up of any filming income. vindication of tbe'little and often" strategy adopted by the Church Office From an expenditur¢ PffSPCCtive. ID 2024 the Quinquennial Works were the major driver of increased expendilure. In 2023, Fabrlc Fund expenditure was £48,985 which incre8sed to £356,813. On the unrestricted side, expenditure 18 down from £713.937 in 2023 to £585,845 in 2024, decr¢&8e of £128.092. Beneath th¢8e headline figures are four trends.. l. Increases in ¢xpenditurc related to (notes 8 8nd 9), totalling £28,670, these are: a. Commott Fund and other itlpend eoits incr¢4sed by £24,875 (£112.980 in 2023 and £137.855 in 2024) b. Gov¢rnance costs- AccountAn¢y feel increased by £3,795 (£6,859 in 2023 and £10.654 in 2024) 2. Our participation in the Dio¢¢se of LoDdon's Ministy Experience Scheme. which, in 2024, cost £9,6 3. Dee￿ase8 in expenditure we can knbel as'expected" (not¢8 8 to 9). totalling £140,438, given (a) that we ar¢ no longer in our atmiv¢rsary year. (b) the anonulous expens¢ of replaring our boiler in 2023 - these are.. 8. Fundralsing events d¢¢reas¢d by £64,926 (£68.060 in 2023 and £3.133 in 2024) which As to be expected, given we were no longer in our 900th Anniversary year b. Church running ￿PenSeS. repairs & mthten4D¢e decreased by £42,083 (£99,776 in 2023 and £57.693 in 2024) which is due the boiler expenscs in 2023 c. Fitially, 9(H)tb aDniver8ary upenses dropped from £33.429 to O PAROCHtAL CHURCH COUNCIL OF GREAT 5All¥T 4. Economising (no*s 8 to 9).. Otber cler&v related eogts {reDL council tsx & water rate8) declin¢d by £7,706 (£10.344 in 2023 and £2,639 in 2024) b. A coll¢ction of expense accounts (Legal and professlonll fees. Music costs - Sundays & other parisb service%. Sal8ries, Costs directly fittributable to charitible activfitiei & Administratfive expens￿) declmcd by £14,981 (£312.783 in 2023 and £327,764 ill 2024) c. Clolster c•fé costi incre￿ed by £5,497 (£12,093 in 2023 and £17.590 ID 2024) All in all, that we ended 2024 with an unrestricted d¢ficit of only £15,907 is r¢mark4bl¢ considering OUT historical rcliance on fibning income for day-to4ay expenditure. The PCC has taken action to rectify our bigtorical reliance on filmin8 income for dAY-t(￿Y exp¢Dditure. and looks forward to seeing the results of thesc actions in 2025. Reserves policy The PCC has a policy to maintain unrestricted resmies at a level of £1 00.IKK) to cover unplanned emergency rqjair work and other expenditure. In 2025, the PCC will be rcvi¢wing tbis policy in line with the growth in our activitie8 as a charity. The unrestricted reserves as at 31 December 2023 stood at £219,205. The PCC is committed to monitoring expenditure and identifying furth¢r cost redu¢tions wh¢r¢ver possible in the forthcoming years as well as continuing to develop new income 50ur¢cs. Golng Concern Pollcy Having assessed th¢ Charity's financial cIr￿m8¢&nGCS the trustees have a reasonable expectation that th¢ charity hys adequate resources to continue its op¢ration8 for the for¢seeable future. Fundraising All fimdraising activities have been coordinated from the Parish Office. We have sought to r8i8e fimds through the Parish Stewardship sch¢m¢ and by launching appeals for specific purposes. During the year, the cburth did not receive any complAints about its fi￿dra]SIng adivities and prartices. io PAROCHtAL CHURCH COUNCILOF GBEAT SAINT Risk assessment The PCC'S risk assessment and nwttagement policy has again been revicwed duTing the year a8 bave its insurances. Risks a￿ considered in temis of the wider environment in which the PCC operates. The fin8ncial climate, society aDd its attitudes, the Datural environment and changes in the law, technology and knowledge will affe¢t the tyPC5 and impact of the risks to which the PCC is exposed, Safeguarding pollcy The PCC ha8 complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016. in relAtion to having due regard to the House of Bishop5' guidance on Safeguarding children and vulnerable adults. InvestmeDt policy Funds held for the short tenn are invested in CBF Church of England dcpo8its' and for longer term in CBF Church of England investsnent funds. Trustees, Statement of Responsibllity in Relation to the Accounts The trustees arc responsible for preparing the Trustees, Annup¢l Report and the financial ststem¢nts in accordance with applicablc law and United Kingdorn Accounting St8ndar< (United Kingdom Generally Accepted Accounting Prnctic¢). The law applicable to charities in England and Wale$ requires the trustees to prepare financial statements for each financial year whi¢b give a true and fair view of the state of affairs of the clwity and of the incoming r¢source5 und application of resources of the charity for that puiod, ID preparing th￿ fmancial stAtements, the trustees are required lo.. Select suitable accounting policies and then apply them consistently; Observe the methods and principles in th¢ Charities SORP. Make judgements and estimates that are re&8onable and prudent. State whether applicable accounting st￿dardS have been followed. subject to any material dcpartures disclosed and explained in tbe financial statements. and Pr¢pare the financial statements on the going concern basis unless it is inappropriate to presume that tbe Ch￿lty will continue in busines5. li PAROCHIAL CIIURCE COUNCTL OF GREAT SAINT The thjstees are TeSponw￿1e for kccping proper accouniing record8 that dis¢lo8e with reasonable a¢¢uracy at any time the financial position of th¢ charity and enable thern to ensure that the fllwicial statements comply with the Charitics Art 2011. They arc also rcsponsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irrcgulariti'es. On behalf of the PCC (Chairman) April 2025 12 PAROCHLIL CHURCH COUNCIL OF GREATSAINT BARTHOLOMEW Independent Examiner's Report To the Trustees of The Parochial Church Councll of The Eccleslastlcal Parish of Great St Bartholomeiv (Ithe charlty,) I report to the charity Thistees on my ¢xamittatioD of the accounts of the ¢barity for th¢ year ended 31 D¢G¢mber 2024. Res￿nSIbIlitieS and B￿1& of Report As the Tn￿teeS of the charity you are responsible for th¢ preparation of the accounts in accordance with the TCqUiTements of the Charities Act 2011 ¢th¢ 2011 Act,). I report in respect of my examination of the clwitys accounts WTied out under section 145 of the 2011 Acl and in canyin8 Out my examination I bave followcd the applicable DirectlODS given by the C]wity Commission under section 145(5)(b) of the 2011 Ad. Independent Examin&s Sta*m¢nt Since tbe chaTity's gr08s income exceeded £250,000 your examin¢r must ￿ a mcmber of a body listed in Section 145 of the 2011 Act. I confirm Ihat l arn qualifi￿ to undertak¢ the examitiation because I ajn a member of ICAEW, which is one olthe listed bodies. Your attention 1$ drawn to the fact thai th¢ ciwity bas prepared the accounts in accordance with Accounting And Reporting by Chariti¢s.' Statement of Recommended Procticc applicable to charities prepari1)8 their accounls ID A¢cordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) in preference to the Accoullting and Re￿rtIng by chariti￿.. Statement of Recomm¢nded Pr&ctiGe issued on l April 2005 which is referred to in the extant re8ulation5 but bas bc¢n withdrawD, l und¢rst8nd that this h88 been done in order for the accounts to provide a lrne gnd fair view in accordance with the G¢nerally Accepted Accounting Practi¢e effectiv¢ for reporting periods beBinning on or after l Janu8ry 2015. I have completed my exjmination. I ¢onfmn that no n￿tter5 have come lo my attention in connection with the examination givJm8 rne cause to belicve that in any material resp¢¢t: accounting record8 were not kept in respecl of the charity &g required by section 130 of tbe 2011 Act. or 2. the accounts do not accord with thos¢ Twords. or 13 PAROCHIAL CHURCH COUNCIL OF GREAT SAINT 3. the accounts do not comply with the applicable requirements CODcuning the forn) and Content of accounts set out in the ChaTiti¢s (AccouDts and Reports) Regulations 2008 other than any requirement that the accounts give a'truc and fairf view which is not a matter considered a8 part of an indyndent exa￿)natIon. I have no CODGerns and have Gome across no other mat*r5 in connection with th¢ exaMi￿110n to which attention should be drnwn in this report in OTder to en8ble a proper under8tsnding of th¢ accounts to be reached This report is made solely to the charitys TnL8tees, as a body, in accordance with Part 4 of th¢ Charities (Accounts and Reports) Regulations 2008. My work bas been undertaken 80 that I might state to the charity's Tnthe8 those matters I am required to stat¢ to them in an Ind¢pendcnt examiner's report and for no other purpose. To th¢ fullest extent perniitted by law. I do not accept or assume responsibility to anyone other than the charity and the clwity's Trustees as a body. for my work or for this Teport. Date: RPG CROUCH CHAPMAN LLP Chartered Accountants 40 Gr8cechU￿h Street London EC3V OB 14 PAROCllIAL CHURCH COUNCIL OF GREAT SAINr BAifFHOInMEW STATEMENT OF FINANCIAL ACTIVITIES (2024) Unrestrleted Reitrlcted funds fund6 Totsl funds 2024 Total fuDdJ 2023 Incomlng resourcei DonatioDS and legacies 367,995 391,077 759,072 590,622 Clwitable activitie8 144,013 144,013 222.175 Trading ￿tIVitieS tncome from inVestm￿ts 49,202 6,888 4.168 817 53,370 7,705 165.188 5.798 Sundry income Total Incomlng re80ureeJ 332 6,988 7,320 568,430 403,050 971.480 983,783 R&wurces expended Ch8ritable activities 560,619 537,189 1,097,808 811,274 Trading artivities Thtal re80ur¢es expended 25,226 1,386 26.612 119.571 585,845 538,575 1,124,420 930,845 Net (gaiD8) / losses on investrllents Net IncomlnW(outgolng) resources 13 {1,508) (15,907) (135,117) (408) (1,916) (4,290} (151,024) 57,228 Transfers between fiwds 1,984 (1,984) (13,923) {137,101) Net movement In funds (151,024) 57,228 Balan¢¢s brought fo￿9rd 8t l January 2024 219,205 254,380 473,585 416,357 B Ydlances carried fonvard at 31 December 2024 205282 117,279 322A61 473485 All recognised gains and losses have been in¢luded in the Ststement of Financial Activities and the amounts included are derived entirely from continuing activities. 15 PAROCHtAL CHURCH COUNCILOFGIEEAT sA￿T WiTHOLo￿￿w BALANCE SHEET AT 31 DECEMBER 2024 otr 2024 2023 Fixed assets Tangible fixed assets IDve5tments 12 18,643 74.587 93230 23,201 71,954 95,155 13 CurreDt assets Stock 14 7,188 97.850 35,553 233,783 374,374 (80,043) 294J31 9.376 87,922 32.523 422,503 552.324 (108,894) 443,430 Debtors Short Icrni dq)osits Ca8h at bank and in h8nd 15 Creditors due withln one year Net current assets 16 (a) Credltorj due after one year 16 (b) (65,01)O) (65,000) Net assets 322,561 473¥85 Funds Unre8trictcd fund8 Restri¢t¢d funds 205.282 117,279 219,205 254,380 18 322,561 473,585 The fllwicial slatements on pages 15 to 38 were approved by the ParoclLial Church Council on l May 2025 and signed on its behalf by.. Marcus Walker, Rector Christopher Marland, Treasurer 16 PAROCHIALCHURCH couf4CIL OFGREAT SAINT BARTHOLOMEW STATEMENT OF CASH FLOWS Nots 2024 2023 Cllah uged In operatlng •¢dvltles 22 (189,078) 46,445 C48h flows from Inve8tlng a¢tlrftleB Interest and dividend in¢ome 7.705 5,798 Disposal of investments A¢quisition of investtnents (717) (658) Purchase of tangible fixed assets (3,601) (2,582) Cuh provided by (uled In) Inveitlng etlvltl 3,387 2.558 Increa8d(decrease) in ¢￿h & cash equivalcnts in year (185.691) 49,003 Cash and cash equivalents at the beginDiDg of the y 455,026 406,023 Total ￿5h and cash ¢quivalents at the eDd of the year 269,335 455,026 17 PAROCKtAL CHURCH COUNCIL OF GREAT SA174T BARTHOU)MEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Summary of signiflcant accounting policies a) General Informatlon and basls of preparrdtion The clwity Consti￿t¢S a public benefit entity as defined by FRS 102. The fiDancial Statements have bee]) prepared in accordance with Accounting and Reporting by Charities: Stai¢ment of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the FinaD¢ial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011. Church Accounting R¢gul8tions 2006 and UK Generally Accepted Pra¢tice as it applies from l January 2015. The fmanciai statements bave been prcpared oll 8 80ing concwn basis und¢r the his￿riCAl cost conventiOD ¢xcepi for the revaluation of investment a8sets, whicb ar¢ shown at mark¢l value. The financial statcments ￿ prepared in strrling and rouDd¢d to the nearest The si8nifi¢ant accounting policies applied in the preparntion of these financial statements are Sel out below. These policies bave been Consistently applied to all year8 presented unless otherwise stated. b) Fund8 Unrestrictcd fund5 rcprcsent the funds of the PCC thal are not subject to any restrictions regarding their us¢ and are &vailable for application to the general PU￿0&¢5 of the PCC. Designatrd fimds comprise unr¢stricted funds that bave b¢en set aside by the PCC for particular PUTposes. The aim and use of each desi￿ted fund is set out in the notes to the fuwicial statements. Restricted fimds are those wbich are to be used in 4¢¢ordance with specific restrictions imposed by donors or which have beell raiyed by the PCC for particular PUTP05es. Th¢ aim and use of ¢￿h r¢stricted fvnd 15 set out in the not¢s to the fitwicial sÉat¢ments. 18 BARTHOU)MTW The accowits do not include the accounts of ¢hurch 8roups that ow¢ their nllin affiliation ts) anoth¢r body nor of those that ar¢ infom￿1 gatherings of Church member8. c) Income recognltion Income from donatioDS including op¢n plate collections at services is reco8DiSed on receipt. PlaDD¢d giving weivable under Gift Aid 15 reco8niscd only when received and the related income tax recoverable is accrued. Legacy incomc is recO￿ls¢d when the PCC becomes awgre that probate has been granted. th¢re are sufficient assets in the estate to pay the l¢g8cy and that any condition5 attsched to th¢ legacy are either in th¢ ¢ontrol of the PCC or have already been met. Oo ocrasion legacie8 will be notified whue it is not tM)5sible to measure the amount exp¢cted to be distributrd with sufficient reliability. On the8¢ OCCaSiODS, the le8W is treat¢d as a cooting¢nt asset and disclosed. tncome from other chaTitsble activities sucb as weddings, memorial 8ervices, livery 8eTvice8 etc. 18 r¢¢o8nised at the date of the seTVi¢¢. Iurome from tradin8 activitics includ¢8 iticomc from fimdraisin8 evcnts alld trading adivities to raise fimds for tbe PCC. In¢ome is received ID ¢xcbange for supplying goods And services aDd is reco8ni8¢d when entitlemeni bas occuned, Rental income from the letting of church PTemi8es for ¢oncert8. filtlling and other events is r¢co8nised when tb¢ rental 18 due. lThtercst ¢Dtitlements ore accounted for as th¢y acCn￿. d) Expendlture recognltlon All expeDditure is accounted for on an accnwls basis. ExpenditLJr¢ is reco8nised where there is a le8￿ or constNctive obligation to make payinents to third parties, it is probable tbat the settlement will be T¢quired and the amount of tbe obligation ¢&n be measured reliably. It is categQTised under the following headings: Costs of raising fLmds comprise tbe costs of tbe trading activities and th¢ir sssoci&ted support costs. 19 PAROCHIAL CHUTICH coiyf4CIL OVGREAT SAINT BARTHOLONIKW expenditure on charitable activities which includes th¢ dir¢ct costs of the Church and its mission as well as costs IncU￿¢d in support of these activities. e) Fixed assets Consecrated land and builthngs and moveable churchfyrnuhings. Cottsecratrd and benefic￿ PTopety is ex¢luded from the accounts by Section 10(2Xa) of the chariti￿ Act 2011. Movabl¢ church fiwnishitig8 beld by the Rector and Churchwardens on sp¢¢ial trust for the PCC. and which rcquiTe a faculty for dispo8￿. are accounted for as inali¢nable property unless consecrated. For inalienable property acquired prior to 31 December 2000 there is insufficient cost infornw¢ion available and therefore such assels are not Valued in the accounts. Ii¢m5 acquired since l January 2001 are capitalised aDd depreciated in the accounts over their expectsd uscfvl wonomic lives on a straight-line basis. Clolster, op¥an, computer and other equipment Equipment wed within th¢ rhurcb premise8 is depr¢ciatcd on & 8traigbt-line basis over 10. 5 and 3 ye8rs, depeDdiDg on the nature of the equipment. Small item8 of equipment are Mryitt¢n off when tb¢ asset is acquired. O Investments IDvestments ar¢ measured at fair value at each hlancc 5beet date with chan8e8 ID fair value r¢ry)gllis¢d in 'net gains I losse8 on inv¢slmet)ts' in the SOFA. g) Stocks Stock is included at the lower of cost or net realis&ble value after making due allow8nce for any obsolete or slow-movins items. b) Flnanclal IDstruments The church only has fiD￿Cial ￿Sets and financial liabilsties of a kind that qU81ify a8 basic financial instruments. Basic finaocial in5tnunents arc initially recognised at tran8action value alld 8ubsequently measur¢d at their settlement value. 20 PAR(￿HlAL CHURCH COUNCIL OF GREAT SAINT BARTEOLOMEW l) Debtors Trdde alld other debtors ar¢ recognised at the settlement amount due after any discount offered. Prepayments are valued at the anwwit prepaid. J) Short terni deposits Short terni deposits include cash held on deposit either with the CBF Churth of England Funds or at the bank. k) Credltors and provlsion8 Creditors and provisions are recognis¢d where the charity Iw a Present obligation r¢sulting from a past event that will probably result in the transfeT of fiuids to a third paty and the amount to 5¢tt1e the obligation can be measur¢d or estimated reliably. CTeditOTS provisions are norn]ally recognised at tb¢ir settlem¢nt amount allowing for any trade discounts due. l) Taxatlon The PCC meets the definition of a ck)8rity for UK tax purpo8e8 and is tbcrcfore not subject lo tax oll its income providing it 1$ applied for charitabl¢ purposcs. m) Crltlcal ieeoundng e$dmates and areal of Judgment Estirnales and jud8ments are continually evaluated and ar¢ based on historical experience and other factors, including exp¢ct&tions of future evenls that are believed to be re￿)nable under the circumstgnces. The cbarity makes estimatcs and assumptions conc¢rning the future, The resulting accounling estimat¢$ and asswnptions will, by defmitiott, seldom ¢qu&l the r¢lated actual r¢5ults. However, the trnstees of the opinion that there are no e8timates And a8suLnplioDs that have a significant risk of causing 8 material adjustment ￿ the carrying amounts of assets and liabilities within the next financial year. n) Going Concern Thc PCC considers that there ar¢ no mat¢rial uncertainties about the ability to colltinu¢ as a going concem. 2. Legal status of the PCC The PCC is a body ¢ortM)rate under the provision8 of the Parochial Church Councils (Powers) M¢&surc 1956. 21 hJ ￿ c¢ Ub frJ oo r43 - ) --J W c* tr? Lh a￿¥ Lh C* b) cé OD eK L w- ¢> tra o o tr) tsJ Cs -4 ¢J & Vb tr) PAROCHtALCIIURCH COiINCllL OFGREAT SAThT BAirrHoLOMEW 12. Tangible rued assets Computer and office equlpment Clolster To Coit At l January 2024 Additions Disposals 69.424 3.601 (10,948) 64,124 133,548 3,601 (11,679) (731) At 31 De¢ember 2024 62,077 63J93 125,470 Depred*tlon At l J8nuary 2024 Charge for th¢ year Disposals 48.099 7,819 (10,878) 62,248 269 (730) 110.347 8,088 (11,608) At 31 December 2024 45,040 61,787 106,827 et book valu¢ At 31 Deeember 2024 17.037 1,606 18,643 At 31 Decemb¢r 2023 21 J25 1076 23301 28 PAROCIIIAL CHURCH COiINCIL OF GREAT SAINT 13. Investments Central BoArd of Fln*n¢e HuntlDgton Subsidl Comp*ny Total At l January 2024 Additions Annual revaluation 49,935 21,919 717 408 loo 71.954 717 1,916 1,508 At 31 December 2024 51A43 100 74,587 At 31 December 2024- coyt 51A43 3￿57 loo 55,100 The itivestments with the Central B0￿d of Finance of th¢ Church of England Bre 34,497 (2023: 34,497) units in the FixAI lttter¢st Securitie5 Fund. The Huntia8loD Legacy CODJprises investments held on trust by the LondoD DiocesRn Fund ' respect of that legacy and Bt 31 December 2024 amounted 10: Coit MArket Vmlue 789.80 Investment Shares Deposit account 624 4,065 18.262 4,782 4,689 23,044 Thc PCC holds 100 shares of £1 each in its wholly owned tradin8 subsidiary ¢ompany St Bartbolomew Enterprises Lid which 18 incoiporated ill th¢ United KingdonL These are th only shar¢s allotted called up and fiilly pai(L The company has not trad¢d during the year. 29 BARTHOLOKKW 14. Stock 2024 2023 Bookstsll stock Cloister café 8tock 5,852 1.336 7.460 1,916 7,188 9076 15. Debtors 2024 2023 Debtors for goods and Servi￿8 Other debtors (jratst receivable Listed Places of Worship grant recoverable Gift Aid recoverable Prepa￿Th¢nts 48,614 35,484 5,250 22,546 17,546 11.185 13,290 7.215 6,436 9.855 8J51 50 87J22 16 (a). Credltors due wlthin one yeydr 2024 2023 Creditors for goods and 8crYi Owed to the Dioce&e & related entities Other taTation and social 8￿urity Accrual8 and deferred incom¢ 25,992 61,747 1,492 14,650 31,005 7,118 46.933 80,043 108,894 30 PAR(KHLAL CHURCH COUNCILOF GREAT SAINT 16 (b). Creditors due after more than one year 2024 2023 St Bartholomew the Gre&t Heritage Tn￿t loan 65,O¢XI 65,¢XIO 6S(KJO 65,000 DetsilB of tbi8 loan arn Shown in not¢ 18. 17. Repalrs No provision has be¢n made in these fiDancial st&t¢ments in respect of liabilitic8 for maintenance of thc buildings. The m05t recent quinquennial insp¢¢tion was undertaken i February 2022 and a m4ititenance progr8mtne for the ￿e￿8￿ry works is cwrently being pIgDned with works expected to IK8in18ter in 2024. 31 PAROCHtAL CHURCH COUNCIL OFGREATSAJf4T 18. Restrlcted funds Movement in FuDd5 - 2024 BAlinee Bal•n¢e 1.1.24 RevaluailoD Income ExpeDdllure TrI￿fer8 31.1224 Fund StBartholoM¢w the Gre 100 Club Art ExhibitiOD AssistaDt Triest's AecoDun(xlation Butterwortb Cbarity ClJaTity Cunwnitt¢¢ Cboir 4nd Music Fund Choral S¢holar8hips Columbarium Fund Education Project Fabric Fund Garden Fund Huntington Legacy Idle8 Flower Fund Lent Appeal Livegtreamin8 Equipment Or8aD Fund Priory Coal of ArnJ8 Roof Fw th AnlliY¢rsary Project Wh&t Makes a Lollth)n¢r 1.320 (455) {865} 364 364 31,8(K) (31,800) 716 1,170 10,059 716 186 3,365 2.633 loo {3,617) (6.794) 3,51)0 1,200 102,727 100 3,600 1.200 45,729 349 23,044 2,600 287,973 6.460 717 loo (356,813) (6,111) 11,842 21,919 2.500 383 13,470 408 (383) (3.450) (15.817) (10,177) (6,453) (10,977) {81,904) (3.337) 10.020 (15.817) 10,177 422 55.434 5,321 I7,￿8 30.3J4 3,844 (1,984) StBArtholomew theLui Friends of St BArtl￿10￿¢W the 29.587 29,587 SBL Ministy 900th Anniv¢rsary Project 19.463 493 (11,464} 8,492 254J80 408 403,050 (53V75) (1,984) 117,279 32 PAROCHtALCHURCH COUTrIC￿oF GREAT SAINT Movement In Fllnds- 2023 B4laJee Balance 1.1.23 RtvAluatlon IDcome ExpeDditure Transfen 31.12.23 Fund StBarfh¢iloNrtew the Greut 100 Club Art Exbibition Assistant Prieses Ac¢onllnodation Butterworth Charity Clwity Committee Choir and Music Fund Choral Scbolarships Columbarium Fund Education Project Fabric Fund arden Fund Huntington Leg￿Y Idic's Flower Fund Leni Appeal Livestreamin8 Equipment Roof Fund 900th Anniversary Project 1,320 8.420 (460) (8,056) (860) 364 17,500 (17.51J)) 716 716 1,170 10,059 1.422 1,300 (252) (2,404) 11,163 3,400 12C 23.202 i(K) 3,500 1.200 102.727 127,650 (48,985) 860 19,779 ,482 658 100 750 21.919 2,500 383 13,470 17.008 30,314 446 16,920 17,008 5,400 (813) (3,450) 135,604 (110,690) Si Bt7rtholomew ihé Less Friends of St Bartholomew the Le85 SBL Ministy 900th Anniversary Project 29,087 500 16.887 26,874 29,587 (16.887) (7,41 J) 19.463 130.721 1,482 339,085 (210,908) 254,380 The 100 Club was 8tarted in 2008 &8 a mean8 of rdi$ing moDCy to support the W4)Tk of the Priory Church. Memb¢rs pay £10 per month into & fimiL from which 16.7 /• 15 taken annually in four instalm￿JtS to provide cash plizes in various denominatlODS to the club's memb¢r6. The reDtsinder of the cash in the fund 18 available for fabric projects. This is treated as a 33 PAROCILIAL CHURCH COIINCIL OFGREAT SAU tTHOLOMEW restricted fund to maiDtsin visibility of the project and to manag¢ control of the pri ¢omponent of the fun Th¢ Beddington Fund was set up to ¢8tablish ongoing links with people who arc married in the Church. It involves a ODe-time joining fee, and lees for event5 organizcd for the members of th¢ Society to bring them together. There were no artivities during 2023. The Butt¢rworth Charity Is distributed every Good Friday. g¢nerally ID the ftinn of hot cross buns. The iDcome derives from collections at th¢ 8erYice. The Charity Committee Fund was set up to receive donations for the Parith's nominated charity from a variety of activiti¢s organiscd in the Parish. The Choir Fund was established to receive fLU)ds toward8 the costs of the choir for special services. The Choral Scbolarsbip fund provid¢s funding to allow rnu8iC students to gain experience of participating in the choral traditions of the Parish. The Columbarium Fund represents d¢posits rec¢ived against firture salc5 of niche5 when th¢ ColumbaTiwn is built. The fiu]ds for the Education project are to be Applied lo enh4llcin8 th¢ educational material i the two chwches of th¢ Parish. The Fabric Fund is held for fabric projects and repairs aud is finanred by a 8hare of collections held at special s¢rYi¢es and by 8p¢cific donation8 and legacies. Thc Huntington Icgacy is Kpr¢sented by spwific invcstments, a8 explained in note 12, which are under the CODtroI of the Londor Dioc¢8an Fund Ullder the ternts of the bequest the fijnd 18 to be applied for m&jor unexpe£ted repair5 to the f&bri¢ of tbe Priory Churcb, The fLmd received interest in the yefir and was revalued upwards. Idle'8 Flower Fund was fornied as a result of 8 generous bequest by th¢ late Izis V. Wkwtoll. AdditiODS made to the fund from time to time from specific fund raising event4 donation3 for flow¢r5 and from interest on the fimd's bank account. The income of the fuDd is u8ed to provide flowers for servi¢es on those o¢¢asions when flowers 8r¢ not provided from external sourc¢s. The Lady Chapel Fund bas b¢eD Set up to r¢ceive mon¢y from the H¢ritage Tr￿t that IS to be spent on work to th¢ Lady Chapel. No transactions took pl￿e on this fijnd in 2020. 34 BAifrHOLOMEW The Lent Appeal wa5 established for the collectlon of donation5 to support the nominited charity during the Parish's t£nt Appeal. The Livestreaming equipment fund repr¢￿ts specific grant fijnding to allow the PaTish to upgrad¢ its livestreatning equipm¢nt. Th¢ Roof Fwid was cstablished to fund the necessary WOTks identified in the quinquennial report of 2009. Substantial repairs wer¢ Carried out to the Quire roofwith the second stag¢ of the project being completed in 2012. Th¢ re￿￿1￿)ng fimds will be applied to the continuing pro8r4mrne of roof repair works during 2024. The 900th ADniversary Fund has b¢en established to re￿1ve donations tOWaTth the 900th Fundrnising Appeal. The Ukrainc Collection was a sp￿lfi¢ fimdraising appeal in 8UPPOrt of the Dioc¢5e of Ewope. Th¢ Friends of St Bartholomew the LesB 15 primaTily used for fabric relatsd expenditure for St Bwtholomew the Less Church. Th¢ SBL Ministy Fund ￿¢1Ve8 grnnt fimdin8 8p¢¢ifically for the provision of Anglican MiDi6try serYi¢es at Si Bartholomew the Less. Thc 900th Anniversy Fund has b¢eD Utablisbed to receiv¢ donatioD8 towards the 900th FuDdrAising Appeal. 19. Related party transactlons The Rector, and the Churcbw8rdens who acted duTiDg the ￿￿T- Charles Spanloll and Hary Cowd arc ex officio tn￿le¢S of The St. Btholomew the Great Herits8¢ Trust and The St Bartholomew's Gatehouse Th]sL There are other trustees of these two TTUSts. The PCC has bo￿owed £65.000 from the Heritage Thtst to fi￿d the Cloistcr development works. Interest at 2.7Tr/0 per anDUrn is pf4yabl¢ on the loan. The OTi8inal five year repa)rynent date bas been extend¢d with agrcernent from th¢ Truste¢5 of the Heritage Th18t. 35 PARI￿￿[AL CHURCH COUNCIL OF GREAT SAThT BARTH0￿mEw 20. Analysis of net assets betsveen funds A$ at 31 December 2024 Unrestrlcted R¢strl¢ted fund8 fulld8 Totsl rundi Tangible r￿ed assets Investnjcnts CuTrent assets Creditors due within one year CTeditors due after more one 8,623 51.543 290,159 (80,043) 10,020 23,044 84.215 18.643 14,587 374.374 (80.043) {65,IXM)) {65,000) 205,282 117379 322,561 A8 at 31 December 2023 unre¥￿eted Restrlcted nds fundi Totil funth Tangible fixed os8¢ts Invcstments Current assets Creditors due within one year Cr¢ditor5 due after more thaD one 9,731 50.035 333,333 {108,894) 13.470 21,919 218,991 23.20) 71,954 552,324 (108,894) (65,000) (65.0(Kl) 219305 254J80 473J85 36 BARTllOLOPdEW 21. Financial instruments 2024 2023 FiDanciAI asscts measured at fair Vah￿ through the StatemcDt of Fillanciai AGtivities 74,587 71,954 Financial a8s¢ts measured at fair value through th¢ Ststemcnt of Financial Activitie8 represent fixed 485¢t investments. 22. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltie8 2014 2023 Net movement in fimd8 DepTeciation of t4Dgible fLrd assets (Gains) / losses on inve8tmen18 Interest and dividend iThcome Decrease l (increase) in stock D￿rease l (inCTease) in d¢bt<>r8 Incr¢ase l (decrease) An creditors (151,024) 8,158 (1.916) (7,705) 2,188 (9,928) (28.851) 57,228 11238 (4,290) (5,798) 3,310 13,438 (28.681} Net u8ed In operatlng Red￿tIeS (189,078) 46WS 37 23. Analysis of Cash and Cash Equlvalents 2024 2023 Cash in hand Short trn deposits 233,783 35,553 422,503 32.523 Total cash and cash equivaicnt8 269J36 455.026 I January CA8hflows 31 December 2024 2024 Casb in haDd 422,503 (188,720) 233,783 Short t¢rni deposits 32,523 3,030 35,553 38