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← The Parochial Church Council Of The Ecclesiastical Parish Of St. Michael And All Angels, Mill Hill

2024-12-31-accounts

Trustees’ Annual Report and Financial Report

The Parochial Church Council of the Ecclesiastical Parish of

St Michael & All Angels, Mill Hill

For the year ended 31[st] December 2024

CONTENTS

Trustees’ Annual Report

Notes to the Accounts

Report of the Independent Examiner

Vicar: The Revd Steven Young Independent Examiner: Mrs C P Phillips, FCCA, C H Jefferson & Co Suite 1, 4 Park Square, Scunthorpe, North Lincs, DN15 6JH Bankers: National Westminster Bank plc, Edgware Branch Registered Charity Number: 1168446

St Michael & All Angels, Mill Hill Trustees’ Annual Report for 2024

ADMINISTRATIVE INFORMATION

St Michael & All Angels Church is situated in Flower Lane, Mill Hill. It is part of the Diocese of London within the Church of England. The correspondence address is The Vicarage, 9 Flower Lane, Mill Hill, London NW7 2JA. With effect from 26[th] July 2016, St Michael’s is registered with the Charity Commission and the Registered Charity Number is 1168446.

STRUCTURE, GOVERNANCE AND MANAGEMENT OF THE CHARITY

The Parochial Church Council (PCC) is a corporate body established by the Church of England and registered with the Charity Commission as required by the Charities Act 2011. Its governing documents are the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules in its currently amended form which took effect from May 2022.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Michael’s membership of the PCC consists of certain ex-officio members (the Vicar, our Curate, the Churchwardens and members of the Deanery Synod) and up to 12 members of the congregation who are on the Electoral Roll of the ecclesiastic parish and who are elected at the Annual Parochial Church Meeting (APCM). At the APCM in 2024, ten members volunteered for election. Deanery Synod representatives are also elected at the APCM and normally hold office for three years. With effect from June 2023, St Michael’s was permitted to have two representatives based on the number on our Electoral Roll.

All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. With effect from 28[th] April 2024, the following served as members of the PCC:

Ex Officio Members:

Vicar: The Revd Steven Young Chairman
Curate: The Revd Heather Betts
Churchwardens: Peter McCabery
Evelyn Semlyen
Representatives on Colin Izzard – elected 30/04/23 for 3-year term
The Deanery Synod Enitade Adegbite – elected 30/04/23 for 3-year term
Elected members Julie Akinyemi
(12) Martin Asamoah Danso
Gillian Asquith PCC Secretary
David Barton Treasurer & Vice Chair
Daniel Brown
Wendy Chipungale
Daniel Ejelonu
Emmanuel Ijaola
Chinyere (Chichi) Okpara
Kojo Reindorf Asamoah Danso

Trustees’ Annual Report 2024 cont’d/ .... 2

Frances Parnaby had expressed a wish to stand down from the PCC prior to the annual meeting and was thanked for her valuable contribution. Two new members, Daniel Brown and Wendy Chipungale were elected to the PCC at the APCM.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are to be spent and for the care and maintenance of the fabric of the church and its grounds to their best use in furthering the mission of the parish. All members of the PCC are Charitable Trustees.

OUR AIM AND PURPOSE AS A CHARITY

St Michael’s PCC has the responsibility of co-operating with the Vicar, the Revd Steven Young, in:

HOW WE PLANNED TO ACHIEVE OUR CHARITABLE OBJECTIVES

When planning our activities during the year, we considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’.

For 2024 we discussed and planned a range of objectives and activities to help us achieve our aims. The PCC remained committed to enabling as many people as possible to worship at our church and to become part of our parish community, in spite of the challenges faced in the aftermath of the COVID pandemic. It maintains an overview of worship throughout the parish and makes suggestions on how our services and activities can involve the many groups that live in and around our area.

Our services and worship put faith into practice through prayer and scripture, music and sacrament. In particular we have tried to enable everyone to live out their faith as part of our parish community through worship and prayer and through learning about the Gospel, providing pastoral care to people living in and around the parish and through outreach work.

Trustees’ Annual Report 2024 cont’d/ .... 3

The usual pattern of services continued during 2024. On Sundays a said Mass took place in the church at 8.00 am, we continued to broadcast our 10.30 am service in person and via Zoom so that those less able or confident to attend in person, could still be included although it is now broadcast with sound only for Safeguarding reasons. Midweek Mass took place on Wednesdays at 10.30 am on Zoom only, inperson Mass on Friday mornings at 10.00 am in the Lady Chapel and also via Zoom, and morning prayer on Monday to Thursday at 10.00 am on Zoom.

The Council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

REVIEW OF THE YEAR

During 2024 it became noticeable that confidence in meeting together and sharing in life’s events and experiences was growing and a natural progression to resuming our previous activities seemed to take place.

The PCC met on eight occasions during the year. The APCM was held on the 28[th] April and the meeting heard that a Revision of the Electoral Roll had taken place and there were 126 parishioners on the Roll, one member having been removed and one added. Election of the Churchwardens and of PCC members took place.

The Agenda for PCC meetings followed the usual structure and included prayer, attendance, approval of previous minutes, finance, fabric and safeguarding, reports from sub-committees and local bodies. Members are also encouraged to submit in advance, any extra items to be discussed, if members of the congregation or PCC had raised an issue.

Under the heading of Fabric, one of the PCC’s main mission objectives over recent years has been to create a dedicated area at the back of the church so that we can more easily serve refreshments on Sunday mornings and at other times when being able to provide this facility might encourage other groups to meet in church and much discussion took place throughout the year on this subject The main stumbling block from the outset had been the provision of water to that area. Quotes were obtained, plans drawn up and a faculty was applied for and granted. Unfortunately, the quote we accepted had assumed a supply of water was already in place at the back of church and a subsequent quote for the additional drainage made the project unreasonably expensive and at the April meeting it was unanimously decided not to go ahead with the coffee bar project but instead, to explore how we can improve the present arrangement.

Trustees’ Annual Report 2024 cont’d/ .... 4

Also under the Agenda item of Fabric, topics discussed were the repair of cracked panes of glass in the church, purchase of new communion linen, replacement of the mechanisms to the high-level windows in the Hall, some of which after 10 years had failed. You will hear a more detailed report on Fabric from our Churchwarden.

In September a cleaning day was organised in preparation for the Sung Eucharist with Confirmation on 29[th] September when the new Bishop of Edmonton, the Rt Revd Dr Anderson Jeremiah presided and preached. Nine members of congregation were baptised and nine confirmed and after the service a spread of delicious African food was enjoyed by all. On the same day we celebrated the 10[th] Anniversary of the opening of the new Hartley Hall with a large decorated cake for all to share.

Finance was, as usual, a regular Agenda item and David Barton, our church Treasurer, efficiently kept us up-to-date with our financial position with bar charts showing income and expenditure month by month. Our Common Fund quota of £65,500 was able to be met at the year-end but in order to cover the shortfall, £25,000 was transferred from interest accrued in the Property Fund. David advised that we barely broke even each month. A transfer of £2,000 per month continued to be made from the Hall to the PCC account and although lettings had increased substantially during the year, the on-going problems we have encountered with our electricity supply being charged at a much higher rate than it should be for the size of our building, has made a substantial impact on our income. We discovered towards the end of 2024 that the meter installed at the Hall is of a much high capacity than needed and we are in the process of having the meter downgraded.

Collections on Sunday mornings had continued and a card reader was available which enabled contributing to the upkeep of St Michael’s to be made easily and without the need to handle cash. Rental income from Flat 2, continued as did receipt of the annual ground rent from Titan Court although high service charges negated some of this valuable income

The Hall is used for many varied activities including dance classes, choirs, an amateur dramatics group, Mill Hill U3A, local schools, the NHS, as a polling station, by professional artistes and many church and uniformed organisations. We have also been able to offer our space to Age UK for IT drop-in sessions, to the Bereavement groups, for a community banquet once a month in conjunction with the NW7 Hub, organised primarily for folk who would normally be eating alone, the Mothers’ Union and more recently BE: LOVED, a fresh expression of worship featuring gospel house, afrobeat and contemporary spiritual music designed to get people dancing, praising and praying in a different way to the traditional Sunday morning Eucharist.

Trustees’ Annual Report 2024 cont’d/ …. 5

There were many special and moving services throughout the year, notably at Easter, our Patronal Festival, the Advent and Christmas Carol Services and we are grateful to Gordon, our Director of Music and Organist and to Fr Steven, Revd Heather and Colin for the way in which they bring the gospel alive through music and prayer. We once again supplied refreshments and hot cross buns in church following the Churches Together Walk of Witness on Good Friday which was well attended. At Christmas time in addition to our usual spectacular 15 ft outdoor and 12 ft indoor Christmas trees, we again had seven additional smaller trees lining the aisle which were each individually decorated by London Pro Arte Choir, St Martin’s School, Fairway School, Flower Lane Autistic Service, the Sea Cadets and Age UK.

On Christmas Eve we held our popular Christingle service which was both moving and entertaining in equal measure. Thanks go to Winnie who presented the service and members of the congregation, including children, who took active roles.

Towards the end of 2023, the PCC discussed Colin Izzard’s new initiative to start an early morning church activity, ‘Take Time Tuesday’, to be held in the Reception area of Hartley Hall from 6.30-8.00 am. This was a weekly opportunity for people to dropin for scripture reading, meditation and reflection and it continued until the beginning of August when it came to a natural conclusion.

There have been many reasons to celebrate during 2024, the most significant and memorable of which was Valerie Snowden becoming a centenarian which I think was a first for St Michael’s. Valerie’s family laid on a wonderful party after the 10.30 am service on 7[th] April when we gathered in Hartley Hall to mark the occasion and give thanks for a much loved and long-standing member of our congregation.

The year 2024 celebrated other special occasions and anniversaries as well. – on 22[nd] June a special Mass of Thanksgiving was held to mark Steven and Matthew’s civil partnership and afterwards a Reception was held in the Hall with delicious food and singing and dancing. Two groups who have for many years rehearsed in Hartley Hall also celebrated. The London Pro Arte Choir marked their 75[th] anniversary and Mill Hill Musical Theatre Company, 70 years.

Other social events have included a parish barbecue held in the Vicarage garden, expertly cooked by Martin and his team and a day trip to the seaside at Southend, both of which took place in July. In September a pilgrimage to Walsingham in Norfolk was enjoyed by several adults and children.

At the end of November, a Community Fair was held in the church in collaboration with the Sea Cadets the aim of which was not only to raise funds but to come together with many other local groups to strengthen community life in Mill Hill.

Trustees’ Annual Report 2024 cont’d/ .... 6

Along with the happy milestones of life, there were a few sad ones. Zara Joseph passed away in December after a short illness. Although she had been in hospital, she died at home, as was her wish. In January her funeral was held followed by a buffet reception in the church when family and friends remembered her with great affection. Also in December Lucy Dalgliesh, a member of the congregation who attended the 8.00 am service, passed away. In November, Robin Desbois, who had previously worshipped at our church for many years, but had moved out of the area, passed away. It was his wish that his funeral be held at St. Michael’s.

Our church was represented at Deanery Synod meetings during 2024 by Fr Steven and two lay members of our congregation for the Triennium 2023-2026. Our thanks go to Colin and Enny for attending meetings and reporting back to the PCC. Colin continued to act as Secretary for the Deanery Synod.

Our links with the wider church and the local community remain strong as we were also represented at Churches Together in Mill Hill meetings by Peter McCabery who kept us informed of their activities. Peter also represented St Michael’s as a Trustee to the Good Neighbour Scheme of Mill Hill and Burnt Oak. Once again, the Christmas Day lunch was prepared and delivered to people’s homes together with a small gift.

We have received some text about what has happened in the wider Diocese over the last year:

“The Diocese of London is the largest and most diverse in the Church of England. We have over 500 churches and 750 licensed clergy. We are able to have a church in almost every community, supporting the vision for every Londoner to encounter the love of God in Christ. In 2024, 50 new deacons were ordained and early draft statistics, indicate that average weekly attendance in London grew by 7.5% to over 60,000.

During 2024, we have continued working towards our priorities of becoming a younger, safer and more racially just Church, for example:

The breadth of parishes and Bishop’s Mission Orders in London nurtured confident disciples, compassionate communities and creative growth in an amazing variety of ways. They also contributed over £23m in Common Fund, an increase of £3.6m from LDF reserves, this paid to provide ministry and support parishes across the Diocese”

Trustees’ Annual Report 2024 cont’d/ .... 7

It is a requirement that Safeguarding is included on the Agenda at each PCC meeting. The PCC and other members of the congregation took part in training appropriate to their role within the church as required. The Safeguarding Policy Statement was reviewed and approved by the PCC at a meeting held in May after which it was displayed on Notice Boards and submitted to the Diocese.

At St Michael’s we are extremely blessed and grateful to many members of the congregation for their time and talents: the Churchwardens, members of the PCC, some of whom also have an extra area of responsibility, our Treasurer, who not only keeps our finances in order but also, through his technical capabilities, kept us all connected via Zoom, prepared the weekly service booklet and posters advertising special services, and many other members of the congregation who carry out tasks behind the scenes whether it be washing linen, preparing for services, lending an ear, guiding our children or providing refreshments on Sunday mornings, to name a few. Sadly, one of our Churchwardens, Evelyn Semlyen has been unwell and unable to be with us since the end of 2024. Having served as a Churchwarden for many years, we miss her sunny disposition, her natural ability to make others feel valued and respected and a genuine desire to serve St Michael’s and others.

I should like to thank Peter our Caretaker for his hard work and support throughout 2024. Peter approaches every aspect of his job with willingness and a positive mindset. Thanks also to our Cleaner who is hardworking and trustworthy and fits a great deal of work into a short space of time. We were fortunate that the garden area surrounding our church was beautifully and colourfully maintained throughout 2024 by Judy Vicary. In acknowledgement St Michael’s makes a donation to a charitable trust of her choice.

Gordon has produced a detailed report on the music in our church throughout 2024 and I’m sure we would all like to thank him for his tremendous talent and diligent attention to every aspect of our musical enjoyment.

Our sincere thanks go to Reverend Heather, our Curate and Colin Izzard, our Lay Reader who have both supported Fr Steven in his role. During August, Heather organised a weekly Summer Prayer Group which looked at different aspects of prayer over a period of 4 weeks,

And finally, our sincere thanks to Fr Steven whose innovative and original ideas to encourage as many people as possible to be involved in our church life and hear God’s love, know no bounds.

May 2025 vs 2 gma

St Michael and All Angels Financial Statements for the Year Ended 31st December 2024

St Michael and All Angels Mill Hill Regtstered Charity Number 1168446 Independent Examinerfs Report to the Membersnru5tees of St Mithaels and All Angels Parochial Church Coundl I ieport to the Irustees on myexaminatfon of the accounts for the year ended 31 Decernlv 2024. Responslbllitie5 and basls ol report A5 the charltytrust￿Y0Y afe responsible for the prepafaticffi ol the xcounts in accordance wlth the requirements of the Charities Act 2011 Ilhe Act'l. I report in respert of my exarnination ofthe Trust's accounts carried out under secton 145 of the 2011 Art and in cawryong out myexamination I have followed all the applicable Directions given by the Chapity C(Mnmi55ion under sectlon 14515llbl olthe Art. Independent ex￿1￿¢￿$ slatement I have completed my examirtatitm. I ronfimi that no material mattws have corre to my attentbon in conneclion with the examtnation 8Nln8 me cause to believe that in any marerial respert.. 111 ¥counting record5 were not kept in reSp￿t of the Trust as required by sectk>n of theAci,' or 121 the accounts do not accord with those retonls,. or 131 the accounts do not compty with the applicable requirEments corKeming the form and content of accounts set out in the CharIt￿S IAccounts and Aeponsl Re8ulation5 2C¥)8 other than any requirement that the accryjnts gNe a rue and fair view. which is a matter considered as part of an Independeftt exanNnion. I have no concerns and have tome across no other manws in connection with the eBmination to whith attent￿n should be drawn in this reF￿ in order to enable a proper understanding of the accounts to be reached. Signe(S.. Mrs C P Phllllp4 FCCA C H Jeffe￿On & Co Suite I The timewood Suite 5 Park Square Scunthofpe North Lincolnshirè DN15 &IH D•t: 28 May 2025

St Michael and All Angels Mill Hill Financial Statements for the Year Ended 31st December 2024 Statement of Financial Activities 2024 2023 Notes Funds fuDd5 Ftsnd5 Funds Total Incoming Resources Incomlng Resources from Donor5 Other Voluntary Incorne Anclllary Income Extra-ordinary Items Income from Investments Total InCOn￿Rg R4sources 19.758 72.633 55,314 240 19.998 72.633 55.314 26.372 62.163 38.632 240 26,612 62,163 38,632 245 147.949 3.411 3.651 16.738 16.738 20,393 168,337 190 127.3S7 2.707 2.947 15,298 15,298 18.195 145,602 Resourtes Expended Grants Payable Direct Runntn8 of Church Admlnistratson Extra-ordinary Item5 Total Resi)ur£es Em￿nded 2.101 I￿,0￿1 9,549 2.101 167,260 9.549 s.oil 151.892 218 s.oil 152.134 6.668 243 178.692 218 178.910 163,571 243 163.814 Net Income I IOutgoin81 Resourc Beforè Transfers -30.743 3,432 16.738 -10.573 -36,215 1705 15.298 -18.212 GroJsTransfers Between Funds 15. 16 16.738 -16.738 15.298 -15,298 Nèt Income I lout801n￿ Resourtts After Transfers -14.CQS 3,432 -10.573 -20.917 2,705 -18,212 Galns I (Lo￿e$l on Imiesfmtnts 11,910 12.919 2,054 42.663 44.717 Net Movement lfi Funds -14AKJ5 4.441 11.910 2,347 -20.917 4.7S8 42,663 26,504 8alan¢*s broutht forward ljanuary 93.7S8 124.293 506.952 ns.003 114,675 119.534 464.289 698A99 Balances caryled fonward 31 December £79,753 £128.734 £S18.862 £727.349 £93.75B £124.293 £506.952 £725,003 rhe notes on pages 4 to 9lormpurt of thesefinunriolstotements

St Michael and All Angels Mill Hill Financial StatemeTrts for the Year Ended 3tst December 2024 Balan￿ Sheet 2024 2023 Notes Furrf15 Funds Totsl Fund5 TotaF Flxed Assets Tansible Ftxed Assets Investment Assets io li 13,946 15.912 561.970 577 15.496 2.185 42.099 44.283 17.680 549.051 566.731 43.108 45.074 518.862 518.862 506.952 506,952 13.946 IS.496 Current A$5ets Debtors Bank and Cash galances Total Current *i%sets 12 13 21,070 61.958 83,028 21.070 145.618 166.688 24.083 70.123 94.205 24.083 150.132 174,215 83.660 83.660 Current Liabilitie5 14 17220 17.220 15.943 15.943 Net Current Assets 65.￿7 83,660 149.467 78.263 80,CA)9 158.272 Total Net Assets E79.753 £128,734 £518.862 £727.349 E93.758 £124.293 506.952 £725,003 Rep￿Sented by: Unrestricted Funds Restrirted Fsjnds Endowment Funds 79.753 79.753 128,734 Sl8.862 £727.349 93.758 93,758 124,293 506.952 £725,003 Is 16 128.734 124,293 518.862 £S18.862 506,952 £506,952 £79.753 f 128,734 £93.758 £124.293 Approved by the Parochial Church Council on 2 May 202S and signed on its behall.. Revd S.P. Young Vlcar D. Barton Treasurer The notes on poge5 4 to9fomi portof thesefvunc￿l5roterne￿ts

St Michael and All Angels Mill Hill Notes to the Financial Statements for the Year Ended 31st December 2024 l Accounting Policles la Basis of A¢¢ounting The flnancial statements have been prepared under the Charities Act 2011 and in accordance WFth the Church AccountinE Regulations 20[￿. wlth Accounting and Reporting by Charities: Statement of Recommended Pracilce applicable to charities preparing their accovnts in accordance with the Fifiancrdl Re￿rIng 5taodafd applKable in the UK and Republic of Ireland IFRS 1021 (effective I Janvary 20191- Char¢tses SORP IFRS 1021. The financial statements have been prepared under the histortcal tost con¥ention except for the v3luation of inve5trnent assets. Ib Funds General lunds represent the fund5 of the PCC that are not subAecr to any restrictions warding their use and are available for applica￿On i)n the general purposes of the PCC. Funds designated for particular purpose by the PCC are restricted. Endowment fvnds are restricted funds that be retained as trust capital either permanenily or subject to a dtscretionary power to spend capilal as incorne. and where the use of any income or other beneflt derived from the capital may be restricted or unrestri¢Eed. The accounts include all transactiorhs. a5ws and liabilitie5 for which the PCC 15 re5pon5ible in law. They do not ￿dUde the atcount5 of chuich 8fOUPS rhat owetheir rnain affiliation to another body or those that are inlormal gatherings of church rnembers. Ic Tan8lble Fixed Assets Consecrated and beneficed property of any kin*S is excluded from the accoLtnts by s.10(21 of the Charities A¢t 2011. Movable church fvrni5hings held by the Vicar and Churchwardens on 5pecsal trust for the PCQ and which require a faculty for disposal, ale accounted a5 Trnaltenable property unless consecrated. They are lisred in the church's Inveniory which can be iTrspecied lat any reasonable timel. All expenditure Incurred in the year consecrated or beneficed bvildings, individual items under £2,51XI or on the repair of movable church furnishings acquired before l January 21XJO is written off. Other assets are written off at the following rates: FÈxtures and Fittings IO% reduung balarKe Id Investments Investments are valued at market value at 31 December.

St Michael and All Angels Mill Hill Notes to the Financial Statements for the Year Ended 31st De￿rnber 2024 le In¢omln8 resources Voluntary Income Collections are recogTri5ed when recelved by or on behawof the PCC. Planned giving receivable under Gift is recogni5ed only when received. Income tax recoverable Gift Aid donations is fecognised when the fec¢Jvery Is recei¥ed Grant5 and legacSes to the PCC 3re accounted for as 500n as the PCC is notified of its legal entitlernent, the am(bunt due is quantifiable and its ultimate receipt bythe PCC Is reasonabty certain. Monies fai5ed by fund raisifig events are accounted forBf055. Othtr In¢ome Rental Sncome from the letting of church premises is iecoKnised when the rental is due. Panxhial fees for weddings. funerals etr are a¢¢ounted for when due. In¢omefrom Investrnents Dtvidends are accounted foT when due and payable. Interell entitlements are accovnted for as they accrue. Galns and losses on Imremmtnts Reali5ed gains or losses are recognised when investments are 501d. Unrealised gains or losses are accounted for on revaluation of investments at 31 tlecember. If Resour£e5 used Grants Grants and donations are accounted foi when pald over, or when awarded. if that award creates a bindin8 oblvéation on the PCC. Actlvlties dirertly relating to the work of the Chur¢h The diocesan parlsh share is accounted for when paid. 2024 2023 Uhrestrktrd f¢oMwkt Funds Fur4s Incoming Re50Ufce5 from Donors Fund5 Total Futhds FurJd5 Funds Totsl Stewardship Collection5 Gift Ald Fundraising Christian Aid Miscellanious Donations 11.S72 4.081 675 820 240 11.812 4,081 675 820 11,065 4.399 667 2.789 240 11,305 4,399 667 2,789 7,452 £26,372 7,452 £26.612 £19.758 £240 £0 £19.998 £240 £0

St Michael and All Angels Mill Hill Note5 to the Financial Statements for the Year Ended 31st December 2024 2024 2023 Other Voluntary Income Vnrestrlrted Re5trKted Fund5 Funds Endowrnent Fund5 Funds Funds Fvnd5 Total Total Legacies Hall Rental 1.029 71.604 £?2.633 1.029 71.604 £72.633 4,000 58,163 £62.163 58,163 £62,163 £0 £0 Eo £0 2024 2023 UDreslrkied Funds 4 Ancillary Income Restrkned Fundg EndDWfflWt Funds F¥r Total Funds Total ent Church Hlre Flat Rent Flat Ground Rent 4,573 18,310 14.207 1.109 17.115 £55,314 4.573 18,310 14.207 1,109 17.115 £55.314 5,013 17,623 14.207 1.789 5.013 17,623 14,207 1.789 Funeral Fees Other Income EQ £0 £38.632 £0 EO £38.632 2024 2013 Income from Investments Remrkned F¥nd5 EndDwment Funds Funds Total Fun Total Dividends Property Fund Ptl8rim Legacy Fabric Propertv General Pilgrim 12.906 12.9C 1.672 163 1,168 3.831 245 407 £20,393 12.709 12,709 1.615 95 1,672 163 1,615 95 Interest 1,168 684 2,589 190 313 £18,195 3.831 2.589 245 19) 407 E3,411 313 £245 £16.738 £190 £15.298 2024 2023 6 Grants Payable £ndowment F¥nds Funds Total Funds FutK15 Total Charity Donations Pilgrimage 1.2C 901 £2.101 1.2C 901 £2.101 1.936 3.075 £5.011 1,936 3,075 £s,oii £0 £0 £0 £0

St Michael and All Angels Mill Hill Notes to the Financial Statements for the Year Ended 31st December 2024 1024 2023 EDdowment Fund5 Direct Running of Churth Furvjs Totsl Fund5 Funds Total Msnistry Common Fund Vicarageiaergy In5ur3nce Parochial Fees Maintenance Church cleanin￿GardenIng Or8afklSt & Choir (including Children's Choir) ght. Heat. Water Woishtp Materia15 Miscellaneous Depreciation Hall Caretaking Hall Expenditure 65,500 770 8.111 399 65.5C(I 770 65.SOO 1,052 6.964 1.596 6,152 2.052 2.225 5.077 414 1,722 1,722 13,147 42,884 1,384 £151,892 65,500 1,052 6,964 1,596 6,152 2,052 2,225 5,077 414 1.722 1,964 13,147 42.884 1.384 £152,134 8.111 399 4.926 3.6SS 2.IS3 4.134 I.IS9 1.577 1.768 19.590 52.409 1.108 £167,260 Malntenance 4.926 3.655 2.153 4.134 1.159 1,577 1,550 19.590 5Z.409 1.108 £167,041 218 243 Event Expenses £218 £243 £0 2024 1023 Xe5tr1cted Endowrnert Funds Admini5trntlon Funds Funds Total Funds Total Stationery Admin Flat Expenditure 2.592 6,957 £9.$49 2.592 6.957 £9.549 2,265 4.403 £6,668 2,265 4,403 £6,668 £0 £0 £0 £0 2024 2023 9 Gains I IL055esl on Investments Totst Fun Fub Fund5 Total Property Fund Equ*tles Fixed Interest M&G Charifund CBF 10,642 L268 10,642 1,268 376 40.301 2.362 40.301 2.362 -347 2,400 £44.71? Pilgrim Fund 376 634 £i.IK>g -347 2.4C £2.054 634 £12.919 £0 £11.910 £0 £42,663

St Michael and All Angels Mill Hill Notes to the Financial Statements for the Year Ended 31st De￿mber 2024 2024 2023 Unre5trlrted Funds 10 Tangible Fixed Assets Resirkted Fund5 EDdr•wment Ft4thd5 FUTr Fund5 Totsl Total Brought Fofward l January Additions in Year Depreciation for Year Carried Forward 31 December 15,4% 2,185 17.680 17,217 2.427 19.645 -1.550 £13.946 -218 El.966 -1.768 £15.912 -1,722 £15.496 -243 E2.185 -1.964 £17,680 £0 £0 2024 2023 Unrestrided Funds Restrithd Fund5 11 Investment A55ets Éndowment Fund$ Funds Fund5 Total Total Property Fund EquTties Fixed Interest Charifund CBF 475,$86 43.276 475.586 43.276 14.783 28.325 £561.970 464,944 42,008 464.944 42.008 14.407 27.691 £549.051 Pilgrim Fund 14,783 28.325 £43.108 14,407 27,691 £42.099 £0 £518.862 EO £506,952 1024 Z023 12 Debtors Elldowm¢nr Fvnds FUTh Total Fund5 Fu￿5 Total Hall Hire Debtors Other Debtors Prepaymeftts 13,305 3.S32 4,233 £21.070 13,305 3.532 4.233 £21.070 17.469 1.906 4.708 £24,083 17.469 1.906 4,708 £24.083 EO £0 £0 £0 2024 2023 13 Bank and Cash Balances End0￿Irt F¥Dds Funds Fury15 Fund5 Total funds Total Legary Fabrtc 3.234 23.179 3.234 23.179 50.808 29.513 38.883 £145.618 3,071 22.011 3,071 22,Qll 59,07Q 27.194 38.78S EISO,132 Propertv Pi18rim Cash 50.808 59,070 29.513 27.733 E83.6f4J 27,194 27,733 £80.009 ii. E61.958 11.052 £70,123 £0 EO

St Michael and All Angels Mill Hill Notes to the Financial Statements for the Year Ended 31st December 2024 2024 2023 14 Current Liabilities FuDds Fund5 Total Sunds Funds F¥hds Totsl Creditors Accruals 7.183 ,759 £15.943 7,183 8.759 ÉIS.943 11.211 £17.220 11.211 £17.220 £0 £0 £0 £0 2024 2023 To￿1￿¢ F&•d Bank and Cash lantes 15 Restricted Funds rn Fund L4acyFund Falxk Bnce5 Total HIBrfm FyE¥I iryaqT F￿d Fabrk Fund Total Brought Forward l Jaruary Fixed Asset Movements Income from Investments Gains I IL055e51 on Inve5trnents Stewardship Le8acie5 Children's cholr costs Gross Transfers Between Funds Carried Forward 31 Decernber 2.185 -218 69.293 3.071 22.011 27.733 124.293 -218 3.411 2.427 -243 6S.071 2,976 21,327 27.733 119,534 -243 2,707 2,054 240 2.079 163 1.168 1.929 2,054 240 95 240 240 £1.966 £72.621 £3.234 £23.179 £27.733 £128.734 £2.185 £69.293 E3.071 £22.011 £27.733 £124.293 The Pllgrim Fund is restricted to U5inB the incorne lor ihe funding of educational pilgrimage and related like purposes connetted wrlh the church. The Legacy Fund 15 a restricted fund and contains beque5t5 subject to specific £o¥enants. The Fabric Fund b5 a restricted fund and may only be used to support the fa￿¢¢ of the church E￿ildIng5 in the tare of the PCC. Resirtcted funds held within general bank and cash balances comprise the children's choir fundE8,43012023-. £8.4301 and a ￿gacY of £19.30312022- £19.3031 designated by the PCC towards replacement of the church heating 5V5tem. 2024 2023 16 Endowment Funds Fund Fund Total Brou8ht Forward l January Income from Investments Gains I (Losses) on Investments GTOSS Transfers 8elween Funds Carried Fornard 31 December 506,952 16.738 11.910 -16.738 £518.862 506.952 16.738 11.910 -16.738 £518.862 464,289 15,298 42,663 -15,298 £506.952 464,289 15,298 42,663 -15,298 £506.952 The capital of the Property Fund may not be used without the permission of the Bishop. The incorr* from in￿MentS otthe furKI is unrestricted. 17 Related Party Transactlons Payments totallin8 £2.918 were rnade to three trustees in the year for reimbursed expenses. No remuneration was paid to any oFthe trustees in the year. Donations without conditions attached totslling £960 were received from tru5tee5 in t1￿ year.