SAIKf PHILIPS CWEL STrEET
TRUSTEES REPORT AND
UNAUDITED FINANCLAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2024

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2024
Rèot•tsrnd Ch•rity Number.
1177U)
Tr￿0•.
Gordon Nlx
JKob MaltlwKI
bball Summert
Efua C￿￿n
Tania Jone8
Agni8ozka Hawkln8
Aice Yeoman
Phil Wh￿n
Saia
Sarah Jon88 Infje Morfrol
T￿ana 8umh8m
sh￿￿1 s￿￿h
Po ￿ Boggie Tam
AJ￿rn8S Finkthn8En
R•9ht•Md Offlc•.'
Sl. Phllljs Church
2WIll￿ PL
S8Mord
M3 6FR
Ind•p•nd•nt Ex•fflln•r.
C J Goodh8a FCA
Knight Gcodhewj Limited
Chartered Accounlants
7 Boumemth Road
Chandbvs Fonl, Ea8t￿h
Hampshl
SO53 3DA
8ink•r•:
CAF 88nk Ltd
25 Klngs Hill Avenue
s Hill
Wesl Malllng
Kent
ME194JQ

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2024
The trustees of S81nl PhiliFe Ch8pel Street ¥e pleased10 8ubrnil thL8 ferth and for th8 year
endlng 3111 Dacember 2024.
ACHIEVEMENTS AND PERFOR￿lANcE
In 2024 the ¢hur¢h gjnlinued in ib WKs￿hlP and witness, PK)kling th￿ wDrship Ser¥￿e$ Sunday
kncludlng children's group5, 8 weèkly drop4n café FLhJdbank to serve those in most fte8d, a weekly
I￿j￿1@r group, youth grDUP, exthing faith couTrg8, and ohr xlvllbes. 3a9s ol Hope o)nlxiued to be a
sKJnificanl way knr our thurth lo bfess peole ftting chalbnging siluab)n$, filled *ith é$8entlals like
lo1￿￿es, 80ckn and underwear, and w8 were 8tAe to ￿ve out anolh8r1,100 this year.
The church was able lo c￿nplete the d89ired purchase of a house for our Di￿lPleshiP Ye8r students,
complete some renovalions on Ihe property and see our fwsl students mo¥e in duriry ￿ 8ulumn. This
September we bocame a hub CP￿rch, delivenng teaching for students in our thurch and aTh)Iher partnèr
ehurth In Ndnes. Two students W￿re placed wlth us In sor4￿ber wllh c￿8 olh8r staylng for 8 seccffjd
year, allhough thi5 Stthl8nl departed the cour88 in November.
The pro￿1 to redevekp thechurch buihjing receiv8d a p08illve responsg from th8 DAC who ￿1p ensure
work is done in filling w7th IhedesvJn af the church and its $18te(I n8ed8, and 8 n8w81rat8gy forlundraislng
wes approved by the PCC led by a member of the church community wrth expeneno in furKlraising and
prDleGt dellvwy
church aLqo S￿nt lime consld8rlng how we rnuhl c*kgbrate our btcent8n•y In 2025.
FINANCIAL REVIEW
ApplIca￿cfi fcf the inve8tm8nl fund to ￿ drawn do￿ for tho wr¢h88e ol a hou8e for the DY Inlem8
began in 2023 wa9 finally ¢ondud8d earfy 2024. Tho house in Llverpth)I Street wa8 pur¢ha8ed lor
E175,(￿oWI1h eXCh￿ge taking placèon 8kn March 2D24. Total arn￿nI i￿ludIng fwgcosl waÉ £182,231,
and al￿ther £17,234 of renovath'on costs were capilalised.
Th8 2024 Bvjgel wag cMseNallve wlth a forec881 operating loss of £640,
This budjel assum￿..
The SDF2 Grant for Ops Manager salary *nuld conlnue until Cec4mtser 2024, bul in fact it
ended mKJ.way through the yeai.
Resulted in a shortfall of £17,630.
A grant for Outrèach 5alanes would be secured.,
One-off grant of£5.O¢XJ was weived from Albert Hunt SP.
Three-ye¥granl 01£l0,OCQ per annum was received from Th8 Jo58ph Rank TnJsL
Resutted in shortfall of £23,325
ML8cdlanew$ Grant InC￿ffle Of£5,￿..
This was nol aCh￿¥Pd. resulted in shortfall of £5,CrfJO

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2024
Addilicnal, unbudgeted inrJ)m Seemed hI￿lY Ilkely wlh negolialkjns starting in èJ231o Tonl Ihe church
building out to Fusim in 2024 for Ivthl'ng slw. Unfortunately, this did nol rnateriali8e, were
b18ss9d with ￿0ther opporfunlty to ienl th8 ￿pIdIng c￿1 to Neffllx for the filrning of a ￿rIC1 dwa. The
net resull was additional ofover E20,DOQ.
Ga￿th apFeal&J ID Sl Philip's mernbers for one off%lRs incre88ed regjlar gwlng and our faithful
member5 oblised generov8ly. An intxedibkg £39,Ci)J was reCeI￿d plug relative 8dditM81 Gfft Akj
amounting to E10,512.
ExPe￿ilure was ￿11 rnanagéd by the slaff tèam. Bulkjirg iunnlng rAJsts remaln a thalbnge *ilh
conts'nued prke incr8ase8 in Utilit￿9, ¢￿aning and gaKlening eypenses. MainleThwKe costs have al80
teen higher Ihan budgeted bjt we recei*d rypraval tts c181m back £5.2k from the d#xe8e, Thls
will ￿ d￿0 duriig 2025,
Unbudget8d and over.budg8t expens98 ind￿16..
£22,826 for repairg, decoraono 8nd Nnnin9 costs for lh6 DY knl&rn$ house (Llverpcrfjl S
£4,620 for architect's le￿ lor The Redeveloprnenl Prop¢l,
£8,CQ9 for 8agg of HorA lathcwgh 'over-bJdget', there are &uffic*nl funds ir Resfficted Funds
to cover th181.
Conddering the shorifalls due to unreal￿ed grant fuTrJlng ¥KI urtjudgeted 8rKI u￿er-￿jd9eled
exp8ndilur8, the year &nded very positively wlth a nel inwme of £29,368. This wa5 as a result ol
Increaged glvlng and tel8tsd Glft AhJ thè building rental intr)ff*. 11 musl be notad that £9,600 of Ihe
nel Inwrne is for Ihe Chjrch Flanl Dgs&n8bJ Reserve Fund.
Stafflng changm:
Oli Holl L9ft his pa81tic￿ 88 admink8trative a$9i3lanl In A￿u$l.
TeThwr&y administralive 885iStance vra5 gl¥en by Slrnon Wrlghl In Septemter, and Sarah
Jones In Eknmb8r.
Alice Wklinn passed on regponslbillty lor runnlro the Di8cipb8h* Yeai lo James 8rown. our
new curate be9an wlth us In July.
Budw 2025:
We have budgeted for a loss 01 £20,%2 wlth the h¢¥e to end in a fw favourable pO￿tiOn il giiring
continues al the current level and in¢orne from rentmg the building exceeds our conservats've ￿thJe1.
R•$•Ng• Pollcy:
This policy was agr8ed by Ihe Standing Committee in 2021 wth the goal to build reserves fvnds lo eDver
2 monlhs ol running costs and 3 months of salarigs. We are nDI y81 in a poslllon Ic cov8r thtte costs bul
continue to strive towards achieylng Ihl8.

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2024
Concluglon:
Unbl 2024 our d8pended hoavity OTr recawrYJ saary gr8nts.
G￿ng forwa￿, have realised that ￿ is very diff￿Ul1 to obtan grant forsa￿95, hence t￿ nwd
to becorm more 881l4ufFK￿l as soon a8 we p)ssitrAy can
Oui thug is b contiNe to encourage cur m8mbers b give regul&ly and generousty aNI to g8nerate
lunds from renb'ng out our beautiful buikJlrvJ Thls is aso 8 wonderful opportunty for ncm.believeTS to
enter the church wh￿h may18ad b) tr*m cornlng back lo hear GoJ'$ Y￿rd.
SAFEGUARDING
The Irusiees are grotelul to Aivjreas FinkJensen who serses on PCC 88 our p￿Sh SdeguardiNJ
Offrer. H8 and his a$￿Stant, M￿hael Proul, rnc￿lIor any Safegua￿ing coric8m$ ￿ arv Ihe key bridge
belw8en our chuth and the DI￿5a￿ sa￿UardIng Advis0rf6 team. Aft8r Idenlfying how to ensure
safe9uardlng dats is kept in ¢cThpliance wilh GDPR la￿ a stratway br 8loring data wa5 initiated,
VOLUNTEERS
The worship and vhtrw of the churchls 8UStalned by a large g￿Jp of abjul 120 amazlng vofunt8èrn.
Those ￿TkIng *ilh chlldren and young peopkg andlor ajults at risk ar8 safer recnjlled wlth ￿ enhanc6d
C8S check. In 2024 the 51aff also tegan lh¢ pY￿s￿of[011Ing ou15afer recruitmenlto al volunteerteams.
STRUCTURE, GOVERNANCE AND MANAGEMENT
S8inl Phillps ChaFd Slr8el1g partof the Church of Engl￿d, L8&lèrshlp of tho overall vigion ￿ 81rat89y
of Ihe chvrch is the fespoTrsibilily of the Rector, Rerfd Dr Gareth Robinson, whltsl the g0Vempn￿ ofthe
church - making sure we do vth81 we say we're gcAng to do and IfX)k afterthe buiklmig etc. is in the hands
ol the PCC IP8rochlal Church Courdll.
Tho PCC fuths Ilke the Iwstees ts0a￿ ofa ¢harfjty me8ts lour Jrne3 a s*ar, The ol the
tM)ard, comprislng the Clergy, Church Warden8, Treasur8r and Seuetary,18 thè S14ndir¥J Comfflltt&8
which mèb mLmthty.
The PCC15 ￿ elected b&ay m7•Jè vp ol people on Ihe Church Electoral Roll. Anyone who has ￿[ship8d
ith us for six rrKJnlhs c8n skJn up to be on Ihe Electoral Roll, which allows you lo vole at the Annuol
Parochial Church Meeling whpn we elecl PCC members. PCC Tepresenlthve8 are eleckd for th
year5, and so each ye& a Ihird of Ihe PCC is r￿￿Cted. The staff team work to irrwfemenl Ih vision ol
the thurch under t￿ lealwship of the Rector aTra govern￿ce ol Ihe PCC.

TRUSTEE REPORT FOR YEAR ENDED 31 OEeeM8
TRUSTEES, RESPONSIBILITIES
Ch•rity law foquim Iho Iru•leei b prnpa(e linancial 6tale.1￿Jnls loi f>ac4 I}n￿￿1 year W￿,￿Ch è Irue
ano I￿r vlew ol Iho yiaiu of 3ffalr¥ ol l*iè cbaiity a5 al Iho 9nd ol Ihe firiano.141 yea! ol Il*
dbflcit ol ch"arity. In p￿PaI1￿9 IhoAe firikficial slalowlents Ifiw. tr115*L￿￿e0 ale fvq'JiKI Io-.
Select Jukable arxounung poIKi¥5 <ind •prJly Ihein Cf)nsi4t IL41)Ily.
Mak•8 iudgom8nls 8nd eslknai•8 Ilial am fo*4onab!¥ aiid Pfudonl.
Prep¥re the linarKic?Iilat•menls on Ihe going concorn basis unbe58 il ￿ >nav￿r&￿ria* to prests
Uial the c*anty ￿11 conimiug on Ihol b8518
Slale wh8lh6r applieabl8 8¢¢0unliiig slantJanl8 and slJlcinc.nls L)1 feromwaofidLhd ¥ac4lce 4a¥o
beefi fDltow*l, subj6LI to any rnalL?fidl dapwiur81 cypI￿ed ftnaryc',a
818iemenls.
The trustse$ arn re5pon¥tsle lor keeplr#a propBf ac.counkng rocor(Is Ihal discb5e with feasoryèble
accuracy al any the finwcial Fosiuoft ol the ¢lianly and ltr enable Ih¢m lo e4suie Ihal ltye aCLwnlg
cornply wllh Ihe CharfUe8 Ac12011. They are 8120 fesponloie lor 18leguarding Ihe assels ol Ihe company
Ind hance for taklng Teagmable steps l(K the prevontion ol Iraud and olher irroguLarili85.
Th18 re￿ h08 bogn prepwed tn accordanGe wlth th6 Slalemenl ol Rxoinmgnded Prxdce applicable
to th8riti8s preparing Ihetr accounts in a￿ld￿ce with Flnancial RepJrting Slandafd applicable in
the UK and Republk of Ireland (FRS 102).
Appro￿￿ by the PCC
•7d slgned on Its behaff by
Ms T Burnham
MrJMai
Trujiee
Dthd. ￿llJd/ L,ai-
Trustee
¢r

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SAINT PHILIPS CHAPEL STREET
I report to ltre trustees on my eX￿InatiOn of ihe Y•xounts of S8inl Philip8 Chap81 Stre8t for the yèar ended
31 December 2024 881 out on pages 7 to18.
RESPONSIBILITIES AND 8ASIS OF REPORT
A8 the In￿188$ ol Ihe chwity you ￿ resp)nsble for the pr8paration of the a(￿unts In ￿COrdanCe the
requir8mnts of ihe Chthi88 Act 20111'th8 2011 Acll
Havlng sali8fled mysell that the xcounts of the charity are not ￿QuIred to te audilod under Part 16 01 the
2Ch36 Act and are eltrJibb for indépèndent ex￿ninatiOn, I r8F¥Nt in respect ol my examinats'on ol y￿r
ch8ri1lg accounts as ￿le￿ out Lmder 8ecllon 145 of Ihe 2D11 Act. In carryng out rny oxamin8tlon I have
followed the ￿'reCI￿n8 given by the Charity CoMmi98￿n under 9eclon14515Xb) of the 2011 Ad.
INDEPENDENT EXAMINER'S STATEMENT
Sknce Ihe charfty8 gr08s Income •xca8ded £250,OCQ pur examner mu8t be 8 nwb8r of a bjdy Ilsted In
8eclion 145 01 th8 2011 Act. I conllrm Ihal l em quallfiad lo undertako the examlnallon trfause l am
membei of the In81ilute Of Chartgrgd AccOun￿ts Enland and Wales, wh￿h 18 om of the118ted b)J*8,
I ha￿ c4Jnpbted rny exanin4ti￿. I confirm that Th) matter8 ¢onKg to my attention In ￿n[￿tIon wSth
the examlnation giwng rne cauge lo belth that In any material re8￿cl..
11 amnllng record8 nol kepl in respect of charfty ag requhd by 2ectk)n 130 of the 2011 ACL.
21 th6 attoun18 do not aC￿(d wSth those records,. or
31 the acwunb do not comply wllh ihe applrab18 requlrem&nts conceming lh8 fom 8nd conbnt ol
aw)unts sel out in h Chanties {Accounls and R8PJrt8114egulathons %1)8 other Ihan any requiremenl
that lh8 accounts gl¥e a 'truo and falr vftw vthich 1$ not a matter conskl8red as part of 8n tsidepend8nl
examin8110n.
I hav8 no concem$ have come across no other mattars In connection vilh th8 8xaminalv)n lo whit*
attention 8hould be dr8V4fT in thls report In ¢xder to enabl8 a proper Underst￿mIlng of the accounts to
reached.
C J GO￿lhe£d FCA
KniJht Goc*Jhe8d Limited
Chwl8r8d Accountants
Daled.. £1
7 Boumemoulh Rowj
chand￿rfs Ford. Ea3tl*h
Harnpshlre S053 3DA

SAINT PHiLIPS CHAPEL STrEET
STATEMEMf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEIIBER 2024
LknMlrt¢t•d Al￿1¢¢•0 EThdoYffi*nt
lund•
fi￿dI
l¥n
Total
Tolal
INCOhlE
Donatpjns and bJade6
ChirilaNg actfvltieB
257,609
6.762
2,754
31,843
31,643
18,840
289.252
21fAY2
2754
31B43
267.565
20,121
Lxhor
Tthl knco
291,961
85
347,481
294,134
EXPENDITURE
(￿rIL￿bkI a￿1¥￿8$
2th,885
52.113
320.598
321.748
Tol•l •xp•ndh
51113
320,998
321,748
T INCOIIE
BEFORE GAIN8 AND LOSSE8
(3.6301
26,453
Q7,114)
INVESTMENT GAINS
2,915
2,915
17,169
MET INCOAIE
BEFORE TrAN8FER8
p,83
TPANSFERS BETWEEN FUNDS
11
179,338
117J¢ ,3Pal
NET hW)VEMENTIN FUND8
P,6301 11T6h531 21J60
{10,4451
FUND BILANCES AT 1 JANUARY 2024
62.￿6
24,527
176,453
263,846
274291
FUND BALANCES AT31 DECEMBER 2024
11
2n,317
20,1
2K,214
213,848

.*
IÉCrfILW i
4•5
KYAs8Er•
314
2j2.3￿
31181
212J17
11
20m7
178,453
TQTILFUNDS
.114
n•J cn lJohiN ol th• Pccty.
Il• TBwih

SAINT PHILPS CHAPEL STREET
NOTES TO THE ACCOimlTS FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTr4Q POUCIES
IAI Bash ofKwnl
Theffinanc*l 8lalwnents yéparnd In wdirt8 vAth appllcable a￿Unt￿￿ standardo, th8 Chwitth kt 2011 aTrJ tho
Stthmnl Gl A￿￿ended Pr8ckn applkat4e Io Ghadlk6 preparkng Iheir wcwnts In KcUrd￿With FRS 1Q2.
TM 8wunts han pr8par&J on Iho g￿nll cDr£effl b￿￿1. Trre no matsèl unce￿1￿￿e$ 8Mul the abrity
0)nb.n￿. The c*arlly ￿ a wtrAlc b8n8filorgJnWth.
Ibl FuTrJ *J￿nting
GeMrl fvThJ8 reprewl the fuThJ8 of h PCC that arg nol Sub￿ lo ￿Y to aTrJ are a￿48b￿ I
8ppl*alknn on the ggMio1 puw%¥ ol the PCC. Fur¥J& ¢Je8WBtod tr a particular purp030 by the PCC WB IBO Unroth￿.
Rttlrtctthl lundg rBpre8enlthe lur￿$ of the PCC that are re8lricbJ lo uee on tyF¢ olfvnd that11 rdates lo.
DeB*naled lund8 are lllndB Set A$￿0 by tho ljr 6wolfi&J purpc4e3 kn fMh8rnncé orth• general 0¥￿154*6 olhthfly.
fijth aro to be used fry iF￿C pu￿¥0& w• Wd dawn by th• donty, Ex￿d￿re m8t8 t1￿¢ erft•rto IJ
charggd to the lur*.
1¢) Incomfr
The fin￿ck91 itatements Ir￿lUd8 all Ir4niaGtKin6, •$¢th Ind Ilabllttkryi forwhlc* Ihe PCC11 rn8wmIb￿ Ill liw. T￿Y do nLI Ind￿j•
the In8nGlul 8taternnli of ehurth that c¢¥e Ihelr maln aflllaffion to 8nothgr bojy rKsr those th31 we Informal g81herfngB of
church rmrnhrn, Incorre18 rncoJnW on I￿ a¢xN818 Wli and & allc¢41¢d tothe oclMtyft¢ N rd*8.
Id) ExF•ndilure
ExF¢ndlluf8 rec£9n￿9￿ on an be￿• al a lloblllly 4 kngJrred.11 I￿￿J￿¢S any VAT GgnrvJl b8 fulty re￿vered. 4nd
16 all￿thd to Ihegctmtyfor %thl(*11 rdattt.
(•) Fixejj p59elg
T8nglbLg flxed as￿ are InM(¥lty rne8¥urnd al G¢41 $ubsequeftUy meagured at C051 LY v*Jotlcn. net d depretaAlon wd
QeweGl&tion18 a8 to wrtte off tho CL*t or v8lu&lbn of &￿t5 lesj Ihelr resbu81 ¥8h*s o¥w Ihoir useful llves. A lull
yewoldepreci)It¢n Is chary8d In th8 patol purchase there afteron the fDII)%wng IMiI8'.
Freehold laThJ
Nwe
Fwho* buldlngs and InyitsNem8nt8
T% Btrawl Iln8
IT equ*￿nI
20% SIr￿9￿ IIM
FumiturE and
Xl% 8tr*hl Ilne
Ifj Bal￿ fln8rKhl lffdtrum8nts
The eharfty onty ￿terS Into b8$￿ Mattdal in8tNmenl resu￿ in the r•cOgn￿on DI fln￿al a55ets Jnd liqLilrti?$
Ilke Irada and other debtor8, cash al b8nk ￿ ctojilors. Th8se baslc find￿ra1 In51NWts ar• rr4asured and tr8nsackn wce.
FlnarKial assets and Ilabililies ¢1855th&138 dueimthln ong ￿ar￿8 not amortised.

SAINT PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FQR THE YEAR ENDED 31 DECEIIBER 21124
1 ACCOUNllNG PQLKIE8 {conllnu•d)
(gi Perok
The chanly kyl￿.￿￿ts5 in the P8Mion 8uld8r 8eCth* of t￿ Chufch Wothern Penwi Fund ICWPF) forliy $laff. CWPF
18 admAii81ered by ￿ ChurGh ol Éngland P￿L￿ll Bowd. which hotd$ the CWPF 88seb separatsb from thr*& rl Ihe EmF4wr
and other p8rtiopating 8mpbyern.
CWPF ha8 8eclk)ni.'
1. the Dofin&J
2. POTNI￿ Bui￿l￿d Sch8m8 *thkh has sub9￿￿On$,
a. a ¢Jefprrod •)nuity £ectSon a8 Pant￿n &JllJ8r Cla88lc, ar
b. 8 cash baLIn￿ 8&tkJn knDWI 88 Pensi￿ 8ulder2014
lon ￿lId•r S¢h•m•
Jth ¥eGIb￿& of Pen8knn Bullder 4r6 claFFfyJ ¥ dehnod tth)8fi1 &then￿.
P•Ml¢n ml¢o1 a F¢n9bn, mmublBd fr￿ ￿n￿bulon# pahl Con¥&￿ into a defmd onnully
empbyThnl ba8ed cn terms 8Qt and re¥￿%￿d W Ihe Churth of Ero18￿1 p￿1[¢￿ 8o•TO f￿M to IJK¥elknnary
lrtrna888 MAY té othjed. dependir0￿ kn¥estm801 return8 and olherloGtor8.
Pwslon Bulld•r t0141$ 8 ¢8sh b*n¢e 8ch8me Ihol provldes a 8um mmbern lo thdo ￿ne1￿ at
Pe￿1￿ onlributicffl8 aro I￿ord￿j In w Acthunl fof èach momt¢r, C4Bcrelion8ry bonuiey may be •Jded tfjfore (8i1rém8￿l.
de￿Ir@ on Inwlrnert returni and cth8rf&*rn. The #count, pl￿ any ts￿￿¥81 d#*red li pgy&*l8. unreduced, from wJe 86.
Thore b no sub4lviilon of 888els beh*en employer8 in eKh *ctkin of the Penslffi BulldwSCh8￿,
The fj¢hern8 ￿ C￿8￿￿red to bo a mullknpby&r Bcherre 88 de8cilb8d In Seclon 28 of FRS 102 Thlg l• ￿aUSe 111$ Th)1
FQ88Sbb lo ailmbute Ihe PenNv)n Buuder Scfvorne'j 4888t8 and liabl1ll￿ lo ¥p￿Ifls eryby818 and that LxntrlbuUon6 af8
6¢¢wnted for a$11 the &hemè %Yere i dafined wlrlbuikn gtheme. The F4Mlons ch8rged to SOFA in the aro thé
fA)nlnbutioni paY3￿(2024., £6,493, 2023,, £7,487),
A ￿l￿al￿)n of the PeniSJrt 8ullt&ryr Stheffle b cathed out crt8 every trrt6 >*afg. mo81 recent vdu8kn Car￿ afj il
31 De￿mber 2022.
FNthe Pw$kM 8U￿￿Yer C&8S￿ sKlon, IK9 valu•ti)n revealed i *urF4us ot34.8m M the crfgoiro Ètsurytlons ￿8￿, At the rwl
rwenl ￿nUal review etslNe l January &25, the Board ch)ye to g￿1 a discfelionary b)nus of 6.7% tg bolh not yat In
Payment and F•ll8iJns In paymenl In respect of 9ervlce prlorto Awm 1¥d7,' ond a br￿u8 ￿ pensic￿5 in payMI In ￿FeEt of posl
April 2006 4eNc& 60 that the pen￿0Th incrna8e 2.7% IthlèTè U8ualy be Ca￿￿aled based on nfiafvn up lo 2.5%).
ThL8 follmd Improv8mnt8 In th8 lundiw pkigillon 0￿r 2024. Th9r9 h no requlrThnl lor deficit payThnts atthe current th'me.
The nexl volu•tion is dwe a• al 31 D8Gember &25.
F¢rlhe P8n%N Builder 2014 84cUon, Iha volu8lon rovosbd 8 Sur￿￿5 of £8.5m on the ongc4ng 888umptkJns Thére18 rij
reqUIr￿n1 kndeftit payrnent8 al Ilm.
The legal gtruclure of the schm Is such thal lanotr*rernpknyerlal￿, the chBrily ¢oufd berune re¥on$lbk for pawng 8 *h￿e ol
10

SAIKf PHIUPS CHAPEL STREET
NOTES TO THE ACCOUMTS FOR THE YEAR ENDED 31 DECEMBER 2024
2 LEGAL STATUS
Thethwtywa& 22 Fetrfuwy 2018 ¥4th tho thrly COMMkn￿ In ENJkn￿J And Wths.
Th8 rgJsl¥¢d (fft•ofthe tharfly h St. Phll*B Churth. 2 PL•x. S8ffcfd. M3 ￿R.
3 INCOME
lIM￿l￿dId ft•￿￿¢tsd Endwm•nl
T•tal
TL*il
2023
I)ONAT10118 AND LEGA¢LE8
PlAnned￿n9
One off oifts
CcleLIon8 al
GIN aid ￿¢0Y¥•d
Donats'on$ from Lynts*bns
174.583
34.016
174,
38.484
2.￿2
46,7CQ
28.633
289,252
151.￿4
33,812
3,977
46,158
542
40,842
257,￿9
31.643
CHARITABLE ACIMTIE8
Eb*ni
Intem tse8
staiutwfe
IMtk>M kn klnd
9.173
140
5,313
5,375
1,589
11.rn)
23,￿2
11.398
20,121
8,762
18,840
IPNESTIAENT INCOME
Bdnk int¢iest
OMdwKID
553
1,861
2,754
2,7S4
5,948
OTrER IPICOME
Hire of premffj
9)0
4,579
31.8
4,579
31,843
TOTAL INCOME
298,9
48,4B3
347.451
294,134
11

SAINT PHILIPS CH*gEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2024
4 EXPEIICITURE
Tthl
Totsl
2D23
fund•
¢HARifA&EAcThmE8
Worohip
5J10
¢OMMUNiri
4,158
12,451
813
17,422
4,158
12,451
813
17,422
5,238
1S,714
Conf8rertffi and ebpnll
HoBpltaMy
ri,845
Chur(
941
3,038
3,gTT
21,394
Y2,3
3.036
25,371
r2,013
21,351
si,K
CEIITIIAL RE￿XIRCEs
Fundrakning
Kmi youth re8wr
N8wWkne Clgathihip YeBr￿nIng
offlce
8uihllry njnning coili
Repairs and maintenonr
S8kdos and %Yges
Pen8lc4
SILthnts
Trlnlnq
Sl8ff attomTryJ•tlc
Parith gha
F868 r•palJ to dknc4
Aco)unlancy
Barnk tharye8
Cl￿￿111
1,482
4,129
4,657
10,666
31,137
29,293
1￿.919
6,493
8,743
10,888
31,137
6.722
10,857
2Q,774
2S,645
114,225
7,487
28,633
127,582
3,045
3,046
2,114
4,739
33,fiXI
1.721
4.￿1
321
3,838
37.028
1,947
8,773
1,410
5,714
242,170
37,026
1,947
8,773
1,410
5,714
271889
30,719
TOTAL EXPENDITURE
268.186
51113
320,998
321,718
In￿d&S ￿thIn xtDJnta)cy ato¥e are arnunts Ihe kndgpgnd8nl ex#mln8r8 in fdalon tr) th• exaffiMOon of £2,580
12023. £10401.
12

SAINT PHILIPS CWEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2124
Durfn9*0 s*ar the charfly the1ulby￿ll oranlsl of £1.(K¥J or rt)Jre to Org*With￿..
Dthwe ol Tanzg
2,Qt
I EITrLOYED 8TAFF C08TSAND NUMBERS
2024
Saarw ond wagéB
EmployeVJ Nl c6st8
￿n910Th
123,431
4,151
8,493
134,075
110,807
3,418
7,487
121,712
averwè nUrt*rOf￿1P afvJ pirtllN•mployo88 dvrfrvJ the ￿r wa6 712023: 41.
During the Y￿r, Agnlfflzk8 H8wkn'ni ind Jonei pald I￿￿ne￿Ilen and ￿nefi1$ tot8lHng £26,16512023.' £31.1e8 forA
Ha￿￿j), not connectsd to I￿1r ra￿1 g•lN$lg9s. No tnth Tekthrwd •Nwn8ts12023.' n¢ rekn*JuNd
expenseNI.
i*Jilng the year, key mawefflenl pernonn81 pa￿j £24,SM In ialAry and l>)23,' £31,188).
Ttrwe no •mployw rom￿r￿￿o￿ th),C(JO or rmire.
7 TANQIBLE A88ET8
IT Furnlturn&
prow •qylpm•Rt
Tjtal
COST
Al beqlnnln9 d y•ar
Athlftk)M
Al end ofyear
DEPRECIATILV4
At booinnlw of
Char
end of y￿r
NET BOOK VALUE
Al end olyear
Al beglnThlng of year
34.132
16,639
50,771
2O),064
29J,835
199.165
199,465
34,731
16,639
27,643
3,563
31,2Q6
16,198
147
16.345
43,841
5.714
49,555
2,U)4
2,iYJ4
197,461
3,525
6,489
441
6,930
6 FIXED A88ET IPIVE8TMEIITS
End•￿Int
fund
G•n•r•l
lund
Tot•1
Ma¢rf8t valu• ol Inve81menl8 at1 January 2024
DlvkleThJi rthnve¥l8d
01spoBal8
G8inll10861 on revgluollon cl Srbvo¥lrwl 898ets
M¥kèt ol Inveslments at 31 Dec*rter 1124
176.453
24.465
20J,918
1,861
1,861
{2,85n 1182,th1
2,915
23,469
1179,3681
2.915
23,469
13

sAJKr PHILIPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
• DEBT
2023
Otherdebl￿s
Ta¥ recov8rnble
Prep&ymnts
1,450
3054
2,088
1095
2,836
5,931
7.392
11 CREDifoR8: Ifflounl• l•lllng du• *lthln on• y••r
2024
2023
othgr uedltCrf8
8,818
7,925
11 MOVEIIENT WI FUND8
BAl•nM
1 J•nu4ry
2024
Galnl(loMI on bltswqn 31 D•c•rnb
In¢om• ExpDndI￿N￿doWMOThlI
nd•
A•￿rk￿l fund•
Communty Oulrna¢h
Nèw OipGiplo$hSp Yèar
8,789
11,5381
14.0861
7,346
914
1,576
1.570
1,576
1.570
SeÈJW Vuln8Mble Prc*t
str8189￿ t)e¥8knprmnl Fund
Oulfe￿h fund
ACTS436
8898 olHope
Prc*t Pearf
Ukrakn
11.633
15,1
{11.6331
115,LA)JI
1,e82
10,548
1,912
7,397
16,649
56
I19.￿0)
182
24,527
182
20,B97
48,483
52,113
Endowm•nlfundi
Inv8Btsn8Tr1
176.453
176.4S3
2,915
179,3681
2,915 117S.3681
DKlgn•tsd fund•
Chowl Tcts
Church Plwlln9
Ta￿18￿1￿ lu)d
Bu1￿￿1￿9 Redthelwenl
Pwerty fund
387
49))
25,270
2,OtrJ
3,672
9,603
12,ciJOI
14,6201
12,C
19,074
145
199,465
2L19.888
197,461
232,331
31,OCfj
532
31.861
298.438 1259,8111
30,500
39,986
Totsl fund•
282.846
347,451
293214
14

SAINT PHILIPS CTrL4PEL STREET
NOTES TO THE ACCOUNTS F(Xi THE YEAR ENDED 31 DECEPABER 2024
11 MOVEIIENT IN FUl￿s IC<)NnNUEDI
The IC4￿￿9 &e the T89t￿ 8TrJ 4eslgnatthJ 8￿XIled by ts tharfty..
Communil Outrèach
The Communlly Outreach fvnd i¥ foroutreath tAQrt in the communlty pk)M8rfng tha dloadvanlag8d,
The New DISCIfvh￿ year li a LX)um fr)r rAopb they fimd th￿58￿￿ aTrJ ie rwtth to r•lng forth8
8XPen￿ olthe cour88,
In 2018 we a Hedtagg gr8nl of £10,L>X) a pro￿ tIMd'. Saint Phllps chu￿h.. LovivJ and Servlry a
¢onYNIlty through th•thi war.
nPro
£5,CQl grant from Soedbed to A nlnlltry to wlnomtrA8 k¥e on Ih•*rnets.
Th18 +8 knem8 Irom a Cthurc* Comrnl$8lonerJ Grnnl to fwd 9oTJry arKI brts Operalrffii Man•aer.
Th1$ r8pr85enl6 gr8vI fu￿￿n9 ￿elY&1 lovArd6 the sa18N8 of Dutsogch Man•Jer and Outreach Wcthi. ￿or ￿ reRl%•d
£10,0￿ frDm R8nk TN81 and £5,QCQlrom Albert Hulll Trust.
Thts repr48•nts lund8 **ich are uged to coverc4st8 of lurnlturn and ulilty bSlb for wulwable lthlleg In ourmmmunty.
The8e are lor th8 Baoj ol Nop8 prjlecl clern e68entl￿ gcoJ$ to Ihe hcmdo91 *ryk8rs. The Ilure Indude6 1
¥Blu8 tyawj on in klfva,
FuTra8 glventrlhe Pr4Kt Peorl l¢hathy nurnb8T120350ei 4rtyJ pamed on dudng the yo•r.
In the small tovm of 06tr0da. pOL￿d, there is a relreal camp called Cwnp C•trOdo In the wak• of the Iraglc wor In Ukrane th8y
have takw in 170 Ukrdkni8n fBlwoe5. They we dellb£ring iUFvlieB to tKg 50bJl8rs on the border are tlnging Mpe lTrto tho
Ilveg of hundredB of p￿[48. We arn parfnthng }￿th t￿M In bolh p[3￿ and In finonohl supwrt.
15

SAINT PHILIPS CHAPEL STREET
MOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 DECEM8ER 2024
11 MOVEMENT IN FiIIDS ICOMTINUEDI
In￿sIrrent FuThl
Thkn 18 An en(bwnEnl Irorn the 5a18 of a Sch￿1 In 1973. DurtrKJ the year, me ¢hw¢h pbtsln&Y Irc¢n the Chi
C￿MI￿10￿10 SF¢￿1 its in tsrdw to fund the FAJrch88e of 8 IKop&ty. Thlg w89 cowWelgJ In March 2024, expe￿1&n￿
1he fijll ￿th￿￿ent fund.
Chap81 b)t8 * a P4rent and Toddlw Nn vthkh is knded from 1pp￿￿￿￿tefy £1 w p￿8￿ donatbn and li thl
fund*J,
rch
Salnl PhiMp8 Cha￿1 Street kn L>)Mrr0tt￿ to planllng a churth every 3 to 4 years and tsrefore ￿ 8et ￿ld8 a rBgular armunt
money In our sathg actounl Lq ro￿￿ed a$ 8Th unrn8trlcted gfft ora 8lart up fvnd lor Iha church plant.
TAnzgnla
Th14 c¢ffjpri601 fvnth 8•t Alde togl¥e b a Tewfu￿ prolKt In Tanzania.
(knr Ihelost lew yeqr8 the thurch has ewerienc4d gbJnTrAnt oThlh Bnd in to enob* varDui m5n15￿￿￿ loo￿t￿￿9 M Ihkl
tr8￿Ctory Ihe ITu$leu ha¥8 rwnls&J the ￿ed lo rnrkvelop th8 ￿lIding. We are commltted to ralglng the funds through 9￿arlI
glviNJ as w•ll a8 by ap￿y￿g lor lUThI￿g ks VI(*￿ organkiillcdi ind charIta￿fr tnJsts. Thgrth ￿ hav& crethd 8 desbthd
fuTrl 8u4kling Red8¥ebpnenl Fuftd.
Thkn rBpmenlJ the n81 bwkvalue dlhg PTOF•rfy durfrrfJ 2Q24
12 AMALYS18 OF FUND8
Uhrq•lil¢t•d R••trfct•d Endowm•nt
nth
fun
lun
Totsl
Fundbd8ntss •$ •t31 December2024 affg fvpr•sen18dby.'
Tangth fixed B85ets
F￿@d a9881 invgslrnents
Curwnl 88S6Is
Curyenl Iwbllil
201,2SiI
23,469
&8,1&3
18,6181
272,317
1.28D
23,469
77,083
9,619
293,214
20,897
20,897
UTrY•th¢t•d R•thctsd Endowm•rt
lundi
fund•
Totsl
2023
Fund •131 OKerI￿Or2O23 8M rnNaSentedby.
Tanglb18 fixed a888ts
Flxwj asset inv85bTrrynts
Curwenl a$8ets
Cunonl Ilatdlit
6,9
24.465
39,3
17,925
62,866
8,930
200,918
63,923
17,925
263.846
178,453
24,527
24,527
178,453
16

SAiiif PHIUPS CHAPEL STREET
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIIBER 2024
13 COMPARAMVE STATEMENTtht FIIANCIAL ACTMTES FOR THE YEAR ENDED JI DE¢EIIBER 2Q23
Unr#￿Gted Rtstrlcl•d Endowm•nt
lund•
fund•
Tdal
2023
INCQME
C¢natiw orxl b)8¢￿
arilBb18 actNtheB
OlherlrK¢me
2t18272
7.274
6.448
59,293
12,847
267,￿5
20,121
Tot•1 InMTh•
221,9B4
72.140
294134
EXPENDITURE
,991
84,757
321,748
Total •xpMdltur•
228,191
91,T07
321,741
NET IPKOME I IEXPENDITLMEI
BEFORE a￿￿5 AND LOSSES
14.997) la117)
121114)
INVESTMENT fAINS
17,169
17,1
NET INCOIAE I IEXPENDITLIIEI
BEFORE TRAN8FERS
149971 122,11n
17,1
110.4451
TRANSFERS BETWEEN FUNDS
T MOVEMENT IN FUNDS
IT,1
110,4151
FUND &4NCESAT1 JANUIRY I)YJ
67,863
47,144
159.284
274,291
FUPID BILAPXESAT 31 DECEMBER 2023
12,081
24827
176AS3 213,146
17

SAINT PHILIPS CHAPEL STREEr
NOTES TO THE ACCOUNTS FOR THE YEAR EIKIED 31 DECEMBER 2024
14 hlOVEIIENT111 FUNDS PRIOR YEARCOMPARATNE
Ballr¢￿ al
1 J•nu•ry
Tr•rwlw¥ B•knc• •t
b•lw••n 31 De£imb¢r
2023
kn100sJ)on
In¢orn• Exp•ndituff•mlowrn•nl•
Rmtrfded lun
Cwrnunty ¢)Jlrexh
N8w Win8 DiscipbshlpY8ar
H8IWe
Seedw Vuln•reb* wor￿ Pro￿1
StratwJ* Lkn•nl Fwd
Outreach lund
ACTS435
8agB ol Hc
Pro*
Ukralne
9,258
1&19)
15,434)
8,789
3,1
1,576
1,570
1,570
34,881
5,961
1,31Q
2Q,773
5,6n
134,8811
15,961}
1,613
8,120
22,753
118,3451
128,426)
10,548
182
47,144
72,140
194,75n
Endo*Th•nt funth
In¥eth8nl fund
159,284
159,284
97.169
17,169
176,453
171453
Chawl Tots
Cthvrch Planllng
TanzonLq fund
lfig R•JO￿lOp￿nI
147
15.870
1841
25,270
2,000
3,672
31,005
6,072
21,889
12,4
114841
11,FlJJ
Q•n•i•l Iwnd•
45,974
221,994 1224,5071
11.8N)
31,e*1
Total fund•
274391
294134 1321,7
17.109
18