Ji THE GUILD CHURCH OF ST MARGARET PAThENS Rood Lane, Eastcheap, London. EC3M IHS Tel: 020 7623 6630 E-mail: Info stmar aret attens.or Website.. www.stmar aret attens.or Registered Charity No: 1181352 Annual Report of the Trustees and Financlal Statements of the Gulld Church Coun¢ll of the Guild Church of St Margaret Pattens wlth St Gabriel Fenchurch for the vear ended 31 December 2024 Gulld Vltar: The Revd. Andrew Keep 193 Foundllng Court Brun5wlck Centre London WCIN IQF Bank: HSBC plc. 1-3 Bishops8ate London EC2N 3AQ Independent Accountant: Andrew Hed8er FCA 52-54 Gracechurch Street London EC3VOEH
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS 2024 REPORT and ACCOUNTS Contents Church Councll Report 3-13 Independent Examlner's report 14 Balance Sheet 15 Statement of A55et5 & Llabllltles 16 Notes to the accounts 17-21
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Structure, Governance and Management Membership of the Trustoes The church registered with the Charlty Commission in 2018. At the Annual Meeting held in 2019 the composition of the Trustees (the Gulld Church Council IGCCII was amended to reflect more closely the provlslons of the Church Representations Rules 2017. Trustees who slt on the Gulld Church Council are elected annually at the Annual Meetin8, except for the Guild Vicar IPriest-In-Chargel and the Secretary (Parish Clerkl, who are ex offic50, in accordance with the Church Representation Rules. During the year, the following served as trustees on the Guild Church Councll:. Gulld Vlcar The Reverend Andrew Keep Chairman of the GCC Church Wardens Mr Steven (Toml Jackson Mrs Sarah Hodge Mr Felix Corbett Mr Richard Turner (from Aprll 20241 Parish Clerk Mr Tony Charlwood TreaSur Mr Steven (Toml Jackson Deanery Synod Representatlve Ms Barbaia Nicholson GCC member Mrs Jennlfer Bryant.Pearson Admlnistrator Ms Barbara Nicholson Meetings Between full meetln8s of the Guild Church Councll the Standing Commlttee 15 avallable to transact busine55 subject to any dlrections given by the Gulld Church Counc51. The members are the Guild Vlcar and the Churchwardens wlth the Admlnistrator in attendance. The Finance Commlttee did not meet durin8 the year, its bu51ne55 being transacted by the GCC A Fabric Commlttee was established during 2012 to report to the Guild Church Council. The Council met four times durin8 the year (with most members physically present in church and some on Zoom).
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Airn and Purposes The Guild Church of St Margaret Pattens exists to promote the gospel in and around the Guild Church and to minister to its two a550ciated livery companies, the Worshipful Company of Basketmakers and the Worshipful Company of Pattenmakers. Also to provide a place of tranquility and peace to all people and of all faiths or none in the City of London. As such it provides a haven for all who benefit from its presence in the City open for extended hours, and it is used by schools for educational purposes and other organisatlons for meeting5, rehearsals etc. To this end the Guild Church Councll IGCCI consider5 that It fulflls its"Publlc Benefit. remit. Objectives & Artlvltles The GCC is commltted to enabling as many people as possible to worship at the church and becorne part of its wider community. Our services and worshlp embrace all through prayer, music and Sacrament and the provision of a safe space for personal prayer and reflection in the busy City. The GCC Seeks to provide servlces reflectin8 the annual cycle of prayer as prescribed by the Church of En8larbd and addltlonally embracin8 a cycle of seryices for our two livery companies and has done so in 2024 in an open church or through the medium of Zoom on the internet. Therefore, the GCC promote5 throughout the year: Prayer and wor5hlp on a regular basis; Provislon of education, counsellin8 and pastoral care; Mission and outreach. To facilltote thls work the GCC keeps the building open to anyone to vlsit from 7.00am to 4.30pm Monday to Frlday. St Margaret Pattens 15 part of a 'hub" of churches in the area includln8 All Hallows-by-the-Tower and St Mary-at- Hill promotlng the gospel and Christian values. Achlevernent and Performance Pra er & worshl The GCC holds a Service of Holy Communion on Thursday throughout the year open to all. There are also occasional Services of Choral Evenson8 scattered throughout the year. All are welcome to attend our worshlp and are encoura8ed to become part of the church communlty. Services currently are held with a mixture of people attendin8 in the congregatlon and on Zoom durlng the year. with numbers attending holding up well. There are 63 members of the church on the Church Electoral Roll Isee later report of the Electoral Roll Officer). As the church is situated in the City of London where there is Ilttle residential accommodation, the malorlty of the con8re8ation 15 from the workin8 populatlon, few of whom live wlthln the City. The weekly attendance is very variable as the congregation usually attend in their lunchtime and attendance is governed by the VaBaries of work, meetings etc. (see above) Special services are held for our two Ilvery companies at varlous tlmes durinB the year. (see above) The church is open for indivldual prayer and contemplatlon (by those of all falth5 and none) daily during the week. (see above)
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Provlsion o education coun5ellin and astorol core The church welcomes vlslts from primary Schools in and around London. The schools Vlsit the church, learn about key historical events in the City of London, and learn about the fabric of the church and its history, Christopher Wren and the Fire of London. (The Guild Vicar and the Administrator are both DBS checked.) Counselling is provided bythe Guild Vicar and the Administrator. They are available, both by appointment and open access las available) to hear peoples, problems ar)d offer Spiritual advice and guidance. Mission & outreoch See above relating to schools. The church has provided accommodation for the Indian Orthodox Church on Sundays, they hold a service each Sunday for resldents of Indlan ethnic origin in Greater London and on other occasions. The GCC is formalising the relationship and the IOC will be at St Mar8aret Pattens under a Licence under Faculty in 2025, for whlch negotiations re being finali5ed. It also caters for choir and brass band rehearsals and other uses of the church by community groups such as Alcoholics Anonymous. Mlnl$try It is now ffve years sSnce the start of the pandemlc. Bearlng In mind the many report5 of thin85 never having got back to where they were, as we review thlngs It Is pleasing that we have recovered, and can say that, If anything, we are In a stron8er position than before, especlally with attendance and usage, The Thursday lunchtime service contlnues to be the centrepiece of church life, around whlch thln8s can be focused. The simple short service of Holy Communlon 15 hugely enrlched by the presence of the Choir and Organlst, and thanks are due to Rupert and his team. Numbers are up: on Thursdays an average of 10 ir$ 2023 compares wlth an average of 17 In 2024. Zoom contact never ended after the pandemic, but has been rnade much better by Felix Corbett's mastery of YouTube, which hopefully makes it a more enjoyable experience. There have been partScular challenges concernlng the lettin8 of the Tower Suite, and of the church in the week. Barbara Nicholson has worked tirelessly at thls and has achieved a hlgh level of usage In a demandln8 climate. It Is good to hear muslc, or to see group5 of Schoolchildren, using the building. Yet however we try to secure finances through careful 5trate8y, Income remains somethlng requirinB careful attention. We are immensely grateful to all those who 8lve so generously. As the first image of the church for many, Barbara retains her unfailing cheerfulness, imaginative thinkin& kindness and energy, and retains patience in the face of the church's curious ways. It has been great to welcome Richard Turner as Basketmaker Churchwarden. He brings an unfailing sense of humour and willingness to get involved, as well as establishing the closest possible Ilnk wlth the Basketmaker5' Company. The Friends have met with a readine55 to help- with a determination to make Sure we never 105e sight of the Importance of having fun and enjoyin8 things. The Rev Jen Mldgley-Adam has made. by her simple presence, the cluster system a reality in our part of the diocese. We will miss her, and her readiness to get stuck in, with people, and by simply helping at the altar when she could see it was needed. We wish her, and her family. happiness and a good ministry on the next Step at Eaton Square.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS The fabric has been inspected this year, and it is a tribute to those who went before us in recent years that thing5 are largely as they should be- no mean feat in a church of this age and architectural sensitivity. It has been a special joy to witness new beginnings in the church. There were two weddings around Chri5tmastime, and then two baptisms in February. This all helps US to look foNiard, and to put any sadne55e5 in the national church in the context of progress on the ground. Complacency is dangerous, but that does not mean that we should not celebrate all that has and is being achieved, by many, In an atmosphere of willingne55 and posltlvlty. We pray that all those, who by chance or by intentlon walk through our doors, may glimpse something of a wider life for themselves, infused by faith, hope and love. Reverend Andrew Keep Guild Vicar February 2025 Music report for 2024 In 2024 the choir continued to provide music for most 5eTvites on Thursday lunchtime5 Wlth speclal music on the first Thursday of the month as well as for other services throughout the church year. The most Sl8nlficant and traglc event to hit the cholr lost year was the untlmely death of Hans Rashbrook In July. who was a loyal sln8er, bellringer and companion for over 25 year5. He is sorely missed every week. Other than this the choir numbers remain stable and grown slightly throughout the year a5 more 5in8ers have been attracted to the bi8ger services. These Include philippa Dodds, Hugh O'Donnell, Julla McKenzie, Mlchael and Helen Brooks. As usual january's schedule was busy with 5ervlce5 for Eplphany, King Charles the Martyr and Candlemas before movlng Into Lent wlth the Ashing service the day after Ash Wednesday. Choral hl8hlS8hts included Clemens non Papa Magi venlunt ab orlente for Epiphany, Temperley's version of The Evening Hymn of KlnB Charles and Eccard's Presentation of Christ in the temple. Our Lent Choral Eucharist at the beginning of March Included Byrd's Mass for Flve Voices, Wesley's Wash me Throughly and the organ voluntary Postlude by Matthlas. At our Music & Readings for Pa55lontide servlce on Maundy Thursday we performed classlc repertoire including Lottl's Vere Languores Nostros, Christus factu5 est by Anerlo and Schutz's Contemplation of the Seven Words. On May 9th we celebrated Ascension Day at lunchtime with the cholr slnglng Alleluia10 Clap your Hands) by Oebble Wiseman, amonBSt other thln85. Thls was followed by The Pattenmaker'5 Ascenslon Day servlce in the evening. We san8 Stanford's Coelos ascendlt hodie and Dyson's Magnificat in F. In July we sang a special gospel Choral Eucharist including two splrltuals arranged by Ken 8urton, Were you There and Deep Rlver, and John Dankworth's Folk Mass. These were especially poignant as Han5 had dled that week. We dedicated our July EvensonB to his memory at which the cholr was augmented wlth Hans's sing5ng friends from his numerous cholrs and the congregation swelled with his friends. All future July evensong5 will be dedicated to his memory. The music we sanB Included some of his favourites, such as Phillip Crabbe Responses, Stanford'5 Mag and Nunc In 8 flat, Wesley's Thou wilt keep hlm in perfect peace and the voluntary Carillon by Herbert Murrlll whlch paid homa8e to hi5 avid bellrin8ing activitiesl In the Autumn term the choir performed two evensongs. The flrst was for Michaelmas service including Palestrina's Venlt Michael Archangelus and Charles Wood'5 Second Setting in E flat. The second was for St Cecilia and the music included Purcell's Hear my Prayer. the Savoy Responses by James Cryer and Holsvs classic Nunc Oimittis for eight voices. In October the Harvest Choral Eucharist was celebrated with Harwood's Holy Communion SeNi¢e in A flat and Ye shall dwell in the land by Stainer. Later In October the Basketmakers, annual servlce took place where the choir 5afig Durufle's Ubi Caritas, Henry Ley's Jubilate and Ireland'5 Greater love hath no man. November saw our annual service of Remembrance and the music included Paul Edward5' 1 heard a voice from heaven, Purcell's Thou knowest Lord and Burgon's Nunc Dimittls. We were very happy to be jolned by Hannah Scales again on trumpet for this event. In December we had our Muslc and Readings for Advent with traditional hymns, reading5 and choral numbers, which
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Included Hasslees Dixit Maria, Stainerfs How beautiful upon the mountsin5 and Bach's Wachet Auf. At our annual lunchtimè Christmas carol service we performed Goldsmidt's A tender shoot, Bob Chilcott's Behold that star amongst others. For the Livery Festival of Carols in the evening, a5 well as the usual Chrlstma5 carols and readings, we sang music includin8 A Tender Shoot by Keren5a Briggs and Victoria'5 0 magnum mysterium. Somewhat unusually there were two weddlngs in December one on the 21st IArchie and Izzyl and one on the 28 IGeorge and Kate), with a cholr for the second. There we had great fun singing 8ach's Jesu joy of man's desirin Rutterfs What Sweeter Music and Andrew Lloyd Webberfs Pie Jesu from the Requiem. We have performed a varied and 5at15fying repertoire this year In term5 of number of seThices and repertolre. It Wa5 partlcularly hard1051ng Han5 in the summer and l am grateful to my nephew, Hu8h O'Donnell for stepping up to sin8 bass untll October. My huge thanks go to the singers for thelr regular and sustained commitment and hope to see the church to grow and flourish a5 a community. Rupert Perklns Dlrector of Musl¢ February 2025 Deanery synod report l. Introduction There a normally three meetings of the City Deanery Synod in the year- one in January or February when the Lord Mayor and Sheriffs are In attendance for the beBlnnln8 of the rneeting, one In the Summer, and one in October. The summer meeting15 usually Evenson8 at the Temple Church. followed by drinks in the Masterfs garden at the Temple Church. Representation on the Synod varies according to the number of persons on the church roll. For example, St Helen's B15hopsgate, owing to its larBe weekday and Sunday congregatlons, has a large number. St Mary-at-Hill, our parish Church, has two representatlves, and St Margaret Patten5 has one. Apart from Synod buslne55, the meetings often include talks and presentations from a variety of speakers on diverse topics. 2. Meetin s 2024 19 June and 9 October 2 24 The 19 June rneetin8 was held at the Temple Church, preceded by a beautiful Choral Even50ng. and followed by drlnks In the Temple Garden by the kind invitatlon of the Master of the Temple, Robin Grifflth-jones. At the meetin& Alexander Rayner from St Magnus the Martyr was elected the new Deanery Synod Lay co.chair. The outgoing Lay Co.chair, Rory Anderson, havin8 been in the post 16 years, was thanked by the new Area Dean Laura Jorgensen for hls lon8 and generous servlce. The 9 October meetin8 was held at St Andrews by the Wardrobe. The main presentation topic was the Ecumenical Use of City Churches and there were several speaker5 across laity and cler8y from a wide range of churches: Sarah Alder: a City worker talked about the Taizé Service at All Hallows by the Tower on Wednesdays at 18:00 (the only weekly Talzé servlce in Londonl- She explained that Brother Roger established the movement in Taizé with a vision of a Christian community that works together. There are no sacramental seNices. but the rneetin8 comprises psalms, bible readings and chants, which are the heart of the meetln& 170 chants in 45 lan8ua8es. The congregation is very different from Sunday Anglican worship and cover5 a wide age range and many different people of faith or no faith.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Revd. Canon Jack Noble. Vlcar, St. Gile5 Crlpplegate, and Martin Pendergast. St Joseph's RC Church: There 15 an ecumenical partnership with Jewin Welsh Church,. St Giles, Cripplegate,. St Joseph's Roman Catholic Church; Weslerfs Chapel, and Leyslan Mission. This has grown up over several years with previous incumbents oné local clergy, at a time when St Joseph's ha5 not had a resident priest for 18 years. All the churches benefit from the non-sacramental arrangement, which disregards their differences whilst belng co8n05cent of them. A partnership agreement. signed in 2020 by all church counci15 and hlgher leaders focu55es on doing, not worrying about ecumenism. Jack, as the new Rector at St. Glles has found a lively relationship of Christians with joint education 8foLIPS for Lent, autumn and Advent, plus pil8rima8es to Rome, Portugal and Latvia Asslstant Pastor Sebastlan Matzer, St Annes's Lutheran Church, St Mary at Hlll: Sebastian's congregation is drawn from Lutherans atross London mainly first and second generation migrants. St Mary at Hill has no Sunday selvice, so the Lutheran church hlres the space on a Sunday. Meeting only on Sunday brings challenges in collaboration, but as part of the East Cheap Cluster of churche5 they are keen to particlpate in the Food Bank donatlon scheme at All Hallows by the Tower and have the potential io join wlth other activities. Father Davld Ramry (representlng Archblshop An8aelosl, Coptlc Orthodox Church ¥t St Andrew by the Wardrobe: The relatlonship with St Andrew by the Wardrobe has been pivotal In giving the Coptic Orthodox Comrnunity home, and hub, "The Sanrtuary" in the heart of the City. Father Davld explained the ancient Coptic Orthodox Church is 2000 years old, and that in the UK and Irelané there are 20,(YJO Copts. A number of initiatlves are run from the Sanctuary includin8 a focussed ministry to Coptic Unlversity Students. In the London area there are multiple event5 to engage the Coptic community In church activities,. orthodox apologetics sessions, biblical studles, youth work. and ihe City Mission support to help the disadvantaged in London. VarioLb5 practical issue5 regarding ecumenical partnerships arlse and were discussed, such as the commercial arrangements for the use of the church, requiring Heads of Terms, and a valuation to meet Charity Act requirements, and the ensuing licence, 8ranted by the Chancellor. Additionally muslcal heritage needs to be malntained lin the Lutheran church by regular Sunday evening Bach vespefsl, and where additional Items such as icon5 and speciflc altars need to be used, these requirements must be covered by the Licence and a Faculty applled for. If substantial changes to the fabric of the church were required, then this would need DAC agreement before proceedln8. The other topic of 5Ignificant discusslon was Deanery Synod Flnance, in particular the Burial Ground Fund IBGFI investments. Income is 8enerated by the Fund inve5trnents and that incorne is used to distribute Brants equally to 11 Parlsh and Guild churches, by recommendatlon of the Deanery Synod Standing Committee IDSSCI, to the Archdeacon of London. The capital value of the Fund had decreased by £92k in the year 2023 calendar year. This was in part due to the Trustees of the London Diocesan Fund ILDFI disinvestln8 in companies dealing In fossil fuels in it5 pursuit of net zero, then reinvesting in a global equlty fund which had a poorer rate of return. Concern was expressed that neither the dislnvestment nor re-investment decision-making wa5 clear or Sufficiently communicated and disapproval as to why a better investment choice had not been made. It was explalned that the terms of the 8GF limit recommendation of the DSSC to the Archdeacon. to the Income distrlbutlon only, and there is no provision for beln8 able to influence the investment declsions by the LDF at Synod level. It wa5 agreed that the situation would be re-e¥plored and that the DSSC will See if there is any means of maklng representation to the LDF to improve income from the investments. The issue was flagged to be revlewed at the next Deonery Synod meeting. 3. Future Meetin s in 2025. There was a meetin8 on 8 January 2025 and then future meetings will be held on Wednesday 18, June and Thursday 2nd October 2025.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS 4. Conclusions and Observations. lal Deanery Synod meetings provide an excellent opportunity for representatives of both lalty and clergy to meet. They are very useful for networking and making other City churches aware of the work and ministry of St Margaret Patten5 and vice versa. Ibl The meeting5 brlng together in harmony City churche5 Wlth differlng Anglican tradltlons. Icl The meetin8s have often been a forum for exploring issues of all types,. social, financial and controverslal, affectlng the Church of England. Barbara Nicholson Deanery Synod Representstlve February 2025 Electoral Roll Offlcer's report The Gulld Church Electoral Roll numbers sixty-three members as at 31 December 2024. This shows a figure that has 8rown in 2024. If the number on the Electoral roll is to increase further, then we should continue to encourage regular attendees to consider loinin8 the roll. Barbara Nlcholson Elettoral Roll Ofllcer March 2025 Fabr1¢ Report Regular Annual Malntenance. Malntenance and inspection arrangements are in place In respect of Gutters, downplpes and roof surfaces Flre Alarm system Fire extln8U15hers Li8htning conductor Boller and heating 5V5tem Organ PATS Electrical tests Cleanin8. Work carrled out In 2024 There were no major works carrled out in 2024 because the church was awaiting a report from the Inspecting Architect. The Quinquennlal Review was completed in mid 2024 following the appointment of a new Inspecting Architect. The recommendation5 of the Inspecting Architect are bein8 considered by the GCC to identify the most urgent works and followlng that approaches will be made to variou5 charities etc. to seek fundlng.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Work5 identlfled as nece55ary in 2024 The report commissioned from Bainbrid8es in 2023 (the tonservatlonlsts who worked on the organ case and the pew refurbi5hmentl on the condition of the Churchwardens, Pews had concluded that the cor)dition of these pews wa5 not good and estimated a c05t of £IO,OCKJ plus Vat to restore them to an acceptable conditlon. Any further consideration of these works has been held over to be reviewed in the light of other necessary work5. The Ten Year Plan for 2019- 2029 Apart from the malor accompllshment of completing the Or8an Restoration work in 2019120, the implementatlon of the new 10 Year Plan for this decade has been delayed. The GCC are mlndful that the plan was drawn up encompasslng the finding5 of the Qulnquennial Inspectlon undertaken in 2017, however, with the Quinquennlal report 2024 befoTe the GCC an update shall be produced to reflect priorities. The prlorities that were identified in 2017 for attention In thls decade were and are so reflected in the current report.. Interlor redecoration of the Church, Including the Narthex, which wa5 last completed in 1991. Thls wlll be a malor undertakin8 and scaffoldlng will be needed. Carry out repairs to the South elevation of the Nave Clere5torv. Repairs to the Vestry roof and East alsle window. To review the current Ilghtin8 scheme in the Church. Any work needed at hlgh level should be done when scaffolding access is available at the tlme the Church interlor decoratSons are undertaken. Many other 5rnall items will be considered when finance is avallable. These wlll include.. replacement of the boiler, new 8lass doors at the South entrance and in the Outer Vestry and installation of solar panels, Preparatory work has been undertaken on the latter, in particular re pre-planning permission surveys. Tony Charlwood Parlsh Clerk March 2025 Ecurnenlcal relatlon5hlps The two Livery Companies, the Ba5ketmakers and the Pattenmakers, support the church through wor5hlp and grant aid. They have special service5 at the church several times each year- the Pattenmakers, Ascension Day Service in May, ond the Basketmakers, Installatlon Day service in Oclober and a Joint Livery Carol Service was held on 12, December 2024 with over one hundred people in church, with the church'5 own Carol servlce at lunchtlme the same day with about 51Xty people in the congregatlon. Other Livery Companles, from time to tlme, use the church for special seNices, and the church supports the wider misslon of the City and the Lord Mayor and is open to the laity for private worshlp. The church also conducts weddin85 and baptisms, 'though demand for such seNlces is very variable. 5afeBuardlng The Guild Church Councll takes seriou5ty its responsibility to protect and safeguard the welfare of children and io
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS vulnerable adult5 lespecially wlth the Increasing use being made of the church by prlmary schoo15 Studying the history of the City of London). This Safeguarding Statement applies to all who make up the church 'workforce' which Includes all clergy. holders of 8ishop's licence or pemission, those commissioned or authorised by the Bishop, those, paid or unpaid, who hold positions of responsibility and work with children or vulnerable adult5, and those with representational ministry, for example,. churchwarden, organist and choir member5. For the purp05e5 of this statement it covers the GCC and the Guild Vicar who are together responsible for ensuring that diocesan safeguarding policies and procedures are implemented. For the purposes of thi5 document a child Is anyone under the a8e of eighteen years. Policy l. The GCC has adopted. and regularly revSews, Its commitment to the House of Blshops, safe8uarding policy. A copv of the full relevant policy 15 obtainable on the Diocese of London's website and a hard copy is displayed on the noticeboard in the Narthex. Pollry 2. The Gulld Church Safeguarding Representatlve 15 Barbara Nicholson appointed by the GCC. The Chlldren'5 Champion 15 Mrs Sarah Hodge and she hos 0150 been appolnted by the GCC. Stotement of Commitrnent: The GCC will continue to develop a safeguardln8 culture that: Creates an envlronment where there is awareness and vlgilance about the signs. symptom5 and Impacts of abuse. Enables and encourages all concerns or allegations to be raised In order to protect chlldren and adults from harm. Ensures all those who work or volunteer on behalf of the church with children and adults achieve the standards requlred by thls policy. Holds to account those In the church community who disre8ard the safety and well-bein8 of chlldren and adults. li
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Financial Revlew The 2024 accounts have been prepared on the Accruals basis as they were in 2023. General Fund, Unrestrirted- In the year the church spent £130,722 to provide ministry includinB a total contribution to Common Fund of £36,5CIJ which was £3,OCXJ more than that requested from the Deanery as a corbiribution to the work of the wider church. The amount that the church contributes to Common Fund is based on a multi-faceted formulae and for Guild Churches with no accommodatlon for a priest IS substantlally less than for churches in the Deanery wlth accommodatlon for a prle5t. The net result for the year on this Fund wa5 an excess of income over expenditu which will need to be commltted towards repairlredecoration work already identified by the Reportlng Architect In the 2024 Qulnquennial report on the fabrlc of the church. The church was deslgned by Sir Christopher Wren and is Grade One Ilsted. ReseNes Pollcv The GCC'S pollcy is to hold one yearfs operating expendlture in reserve (c£120,¢) to cope with emergencle5 to be expected in a church buildin8 of the age of St Margaret Pattens. Currently some £11,000 Is held 5n the reserves. Volunteers The GCC would like to thank all volunteers for thelr hard work, In particular our non-stlpendiary priest the Reverend Andrew Keep. Strurture, z¢vevnance and mana8ement The GCC has met on four occaslons during the year (see above). Glven Its responsibilities it has thiee Sub committees'.- the Standing Committee whose members are the four Churchwardens and the Gulld V5car Iwhlch meets as requiredl,. and the Finance Committee whose members are as above for the Standing Committee plus the church Treasurer lalthough the church'5 accounts are contlnuously monitored by the Treasurer, Adminlstrator, Guild Vlcar and Churchwardensl,. and the Fabric Committee, the membership of which is vèriable as to clrcumstance, meets as necessary. 12
THE GUILD CHURCH COUNCIL OF ST MARGAREf PAThENS Adminlstratlve Snformation The Guild Church of St MarBaret Pattens with St Gabriel Fenchurch is situated on the corner of Rood Lane and Eastcheap Ill the City of London. The church of 5t Gabriel Fenchurch was a small church 5tandin8 in the middle of Fenchurch Street adjacent to where the main entrance to the office block, 31 Fenchurch Street, now stands. The church was destroyed by the Great Flre of London in 1666. After the Fire it was decided to join together the churche5 of St Margaret Pattens and St Gabrlel Fenchurch. Thls Is recognised by the canopied churchwardens. pews at the back of the nave, one designated for churchwardens from St Mar8aret Pattens and one deslgnated for churchwardens from St Gabriel Fenchurch. The GCC is a body corporate IPCC Powers Measure 1956, Guild Churches A¢t$ 1954 and 1960, the Church Representation Rules 20171 and Is registered wlth the Charity Commission; registered number 1181352. GCC members serve from the date of the Annual Meeting lusually held In April) and hold office until the date of the next Annual Meeting and their names are set out at the be8innin8 of this report. Approved by the GCC on l May 2025 and si8ned on their behalf by Revd. Andrew Keep Gulld VIc4r and Chalrman of the GCC 13
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Independent examinerfs report to The Guild Church Councll of St Margaret Pattens I report to the trustees on my examination of the accounts of The Guild Church Council of St Margaret Pattens (the Trust) for the year ended 31" December 2024. Re5ponslbllltie5 and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wlth the requlrements of the Charities Act 20111'the Act'l. I report In respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerf5 ststement I have completed my examinatlon. I corsflrm that no material matters have tome to my attention in connection wlth the examination giving me cause to believe that in any material respe¢t= accountin records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the account5 do not accord wlth those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Re8ulalion5 2008 other than any requirement that the accounts give a 'true and fair view whlch is not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other matters In connection with the examination to whlch attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Sl8ned'. Name: ANDREW HEDGER FCA Address: 52-54 Gracechurch Street, London EC3V OEH Date: I" May 2025 14
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS BALANCE SHEET 31 December 2024 Note Total 2024 Total 202a FIXED ASSETS 4,871 8,535 CURRENT ASSETS Debtors and prepayments Short term Deposlts Cash at bank and In hand 6,051 11,013 89.43g 10.458 69,604 106.503 89,026 LIABILITIES Credltors- Amounts fallln8 due wlthln one year NET CURRENT ASSETS / ILIA81LITIESI li 10,786 28,615 95,717 60,41Q TOTAL ASSETS LESS CURRENT LIA8ILmES 100,588 68,944 Creditors- Amounts fallSng due afterone year 40,(KKJ 50,c0 TOTAL NET ASSETS 60,588 18.944 GUILD FUNDS Unrestrlrted 12 89,588 77,944 Restrlcted 12 I29,C1) 159,GtXIJ 60,588 18.944 Approved by the Gulld Church Counci1 on the l May 2025 and slgned on It5 behalf bv: The Reverend Andrew knep. GuSld Vlcaf and Ch3lrman of the GCC Fellm Corbett Church Warden Tom Jackson Treasurer and Church Warden The notes on pages 17.21 form part of these accounts Is
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS STA TEMENT OF FINANCIAL ACTIVITIES 31 December 2024 Unrestricted fund Re5tri¢red funds 2024 Note Total fund5 2024 2024 2023 RECEIPTS Voluntary Recelpts 21al 49,446 30,0 79,446 70.530 Activltle5 for generatlng funds 21bl 74,433 74,433 78,037 Investment income 21cl 455 455 424 Chur¢h artlvltles 21dl 18,291 18,291 10.810 Total recelpts 142,625 30,OC(I 172,625 159,801 PAYMENTS Church actlvltles 31al 130.722 130,722 120,890 Ralslng funds 31bl 258 258 258 Total payments 130,980 130,980 121,148 Net of recelptsl{paymenls) 11,645 30,000 41,645 38,653 Transfer5 between fund5 Total fund5 brought forward 77,944 I59,0) 18.944 (19, 7091 Total funds carrled forward 89,589 129,OC(JI 60,589 18,944 16
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS NOTES TO THE FINANCIAL STA TEMEIVTS 31 December 2024 I ACCOUNTING POUCES The GCC is a public benefit entlty wlthln the meanlng of FR5102. The 16nanclal staternents have been prepared under the Charities Act 2001 and in accordance with the Church Accountlng Regulatlons 2006 govern5ng the Individual accounts of GCCS. And wlth the Re8ulations true and fair view provisions, it is also the first year that they have been prepared under FRS102120161 as the applicable accounting 5tandard5 and the 2016 verslon Df the Statement of Aetommended Practice, Accounting and Reportlng by Charities ISORPIFRS10211. These financia1 statement5 include all transactions. assets and liabilities for which the GCC 15 re5pon5ible in law. They do not include the acrount5 of church groups that owe their main affiliation to another body, nor those that are Inform318athedngs of church rnembers. ASSETS Con5e<rated and benefke Property In so far a5 consecrated and benefl¢e property of any klnd Is excluded from Statutory deflnltlon of 'charlty' by Section 1012llal and 1¢) of the Charltle5 Act2011 such assets are not capltallsed in the financial stalements. Moveable churth lumlshln8S Moveable church furnlshlngs held by the Vlcar and Churchwarden5 on special tTV5t for the GCC, and which requlre a faculty for disposal, are accounted for as Inallenable property unle55 consecrated. They are Ilsted In the church's Inventory which can be inspected at any reasonable time. For Inalienable property acquired prlor to 2001 Ihere15 Insufficient cost Informatlon available and therefore such assets are not valued in the account5. All expendlture incurred in the year on consecrated or benefieed buildlngs, individual Stems under £1,000 or on the repalr of movable church furn15hlngs acqulred before I january 2001 Is wrltten off. TanBlble flxed assets for use by the charlty Indlvldual Items of equlpment wbth a purchase price of £1,000 or less are wrStten off In the perlod In which the asse 15 acquired. Items used wllhln the church premlses are depreclated at the followlng rates.. Grand piano Fully depreclated, no annual deprecSatlon charge Computers & other 51mllar equlpment on a stralght Ilne basls over 5 years Furnlture & equiprnent not included above on a stralght Ilne basls over 10 years An Impalrment review is carrled out at each year-end and any resultant loss Identlfled Included In expendlture for the year. Investmenls Investment5 are valued at Market value at 31 December. Short term depos6ts These are the cash held On dep051t either with the CCLA or at the bank. FUNDS Unre$trl¢ted Fund5 These represènt the remalning Income funds of the GCC that are avallable for spendin8 on the general purposes of the GCC, includSn8 amounts deslgnated by the GCC for a particular purpose. Restrlcted Funds These are income funds that must be spent on Te5tricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts. 17
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2024 2 INCOME Unrèstrictèd fund Restrkted funds Tot•1 funds 2024 21al Voluntary 5ncome Planned giving: Glft Aid donations Glft Aid r0Versble Other Collections and Alms.. Open plate Grant5'. Trust for London Burlal Ground Foundation London Diocesan Fund Llvery Companle5: Pattenmakers Basketrnakers Frlends of St Margaret Pattens Sundry donatlons 6,OOD 250 6,1)JO 250 10,376 4,576 4,S76 4,078 2,500 2,500 2,600 8,CKJO 6,400 8,0(M] 6,400 15,040 30,000 45,040 30,670 49,446 30,1)JO 79,446 70,530 21bl Actlvltles f0r8en•ratI funds Hlre fees Forecourt tradln8 Radio Mast income 36,749 12,250 25,434 36,749 12,250 25,434 33,963 10,950 33,124 74,433 74,433 78,037 21cl Investment Incomq Interest on Short term deposltS 455 4S5 424 455 455 424 21dl Church attlvltSes GCC fee5 and Church events Hire- Tower Room 15391 6830 15391 310 Church Lettings io,sthi ,291 18.291 10.810 18
THE GUILD CHURCH COUNCIL OF ST MARGARET PATtENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2024 3 EXPENDITURE unrestrictèd fund Resthcted funds Toral funds 31al Church artMtl05 DiDcesan par15h sha Dlocesan parlsh share extra contrlbutlon Clergy and stafflng £osts Church running expen5e5 Training Church runnlng expensès Church rnaintenance Music- organ and cholr Cleaning Admlnlstratlon costs, IncludlnB meetln8S and refhment 33.500 3.0 26,997 33,5L¥J 3,000 26,997 33,500 27.095 24,IXII 9.905 9.528 7.072 24,001 9,905 9,518 7.072 25.897 3.939 £838 a925 10,655 10,655 &647 Depreciatlon Malor repalrs.. Archlte¢t5' fees 3.664 4,050 130,722 130.722 120.890 31bl R•151 fundi Steward5hlp costs 258 258 258 258 258 258 4 CLERGY AND STAFFINfj COSTS 2024 2023 Adrninlstrator- shlary and cost$ Prle5t In Char8e- fee5 )nd expenses 26.781 216 26,795 26,997 27.095 Average numbèr of ern0vee$ GOVERNANCE cosrs 2024 Independent exarnlner 19
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2024 RELATED PAimES During the year no GCC members or per50n5 c105ely connected to them or related partles CeIved any payments lor expenses. Donation$ included £36,000 from two GCC members. 7 LOAN RECEIVTD On the 3id ottober 2019 a loon of £100,0 was rnade to the church by the Newell farnlly to cover the cash shortfall In fvnd5. x) far raised. toward5 the relurb15hment of the or8an. The use cf the loan15 re5tritted to fundlng the organ restoratlon. The loan Is Interest free and to be repald In full wlth a rnlnlrnum Sum of £10,0 belnl paSd per annum. 8 CONNECTED CHARlnES The Frl•nd% ofsi M•ry•ret P4tt¢ng The GCC are supportod by the fund ralslng actlvllles of the Frlend5 of St Margaret Patten5, whlch ha5 a separate charity reglstratlon. Concert Plano ComputEr5 & other similar Èquipment Furniture & Èqulpmlnt not Included èbo¥o FIXED ASSETS. TANG18LE Totsl Q)5t At 1st January Addltk)n$ 15.658 11,127 34,285 At 31st December 7,500 15.658 11,127 34,285 Depreclatkjn At 1st J4nuary Charge lor the wr 7,500 11,717 2,725 6.533 919 25.750 3,664 At 315t Dectmber 7,500 14.442 7,452 29,414 Net book value At 31st December 2024 1,216 3,675 4,871 At 31st December 2023 3,941 4.593 &535 The concert piono, èlthough fully depreciated, is thou8ht to have a value ol appromlmately É7,SOO. 10 CURRENT NSseTS Debtors Tax recoverable Prepayments 5,979 4,367 3,292 1.304 72 6,05L 20
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2024 11 LIA81LITIES Amounts fallin8 due within one year Other Cfeditors Accruals Loan 2024 2023 14,085 4,531 10,000 Note 7 10.000 10,786 28,616 Amounts falling due alter one year Loan Note 7 40.000 so,0 40,000 50,000 12 SUMMARYOF FUND MOVEMENTS Incomln8 A•50urc85 Resovrre5 expended blfwd Transler5 Balance clts Unrestrl¢t•d G•n•ral Fund 77,944 142,625 1130,9811 89,588 R•$trlcted Funds Organ Restoratlon Fund Solar Panel Fund 160,CQOI 10,0 20,OC ISO,OC¥)I 20,000 Pew Fund 1,000 (S9,0) 30,000 129,OCQI Total funds 18.944 172,625 1130,9811 60,588 13 SUMMARY OF ASSETS BY FUND Unrestrkted Restrlcted Totsl T?n8lble IIKed assets Current assets 4,871 105,503 4,871 106,503 Amounts falllng due wlthin one year Amounts falllng due after one year 17861 120,W)I iio,0001 120,0(M)I 110,7861 140,0001 89,588 129,OCQI 60,588 21