## **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: 

- promoting of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England; 

- promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical; 

- providing practical support and care for people in the parish from the youngest to the eldest, irrespective of age, needs or their personal circumstances; 

- being responsible for the management of the church hall, Hartley Hall, which is situated next door to St Michael’s church. 

## 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: 

- 19 London Youth Apprentices engaged 715 young people weekly and funding was granted to enable the launch of five youth ministers in Hackney and Islington. 

- In a challenging year for safeguarding, referrals to the Diocesan Safeguarding Team increased substantially, indicating more trust and confidence in the safeguarding service. 789 people were given safeguarding leadership training, and 3,808 DBS checks were carried out. 

- Churches across the Diocese engaged with Race Equality Week, Racial Justice Sunday and Black History Month last year, reflecting on racial justice and committing to action. 

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 sect*on 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 exanNn*ion.
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 B*nce5
Total
HIBrfm FyE¥I iryaqT F￿d
Fabrk Fund
Total
Brought Forward l Jar*uary
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.