The Parochial Church Council of The
Ecclesiastical Parish of St Stephen with
St Mark, Lewisham
Financial Statement
For the year ended 31 December 2024

Legal & Admln18tratlve Deta118
Charlty Name:
The Parochial Church Councll of The Eccleslastlcal Parl8h of St
Stephen wlth St Mark, Lewlsham
Charfty Number:
1188447
Chartty Addre88:
St. Stephen8 Vlcarage
Cre88lngh8m Road
London
SE13 SAG
Trustees:
Rev Mlchael Joseph Balley
Lynd8 Monlca Whttney
Charles Nathanlel Brltton
Father Francls Gardom
Judith Patricia Burk8
Adrlan CarltorFOatley
Greta Lyn Town8end
Anne Kennedy
Vlvlenne Mllllcent Spen
Father Peter John Hud80n
Sandr8 Balden
Davld Lloyd
Sharon Sonla Gllze8n•
A1188 Mary Temple
Celia Bush
Key Management
Personnel:
Father Mlchael Balley
Parish Priest
Name & Address of
Prlmary Banker:
Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN
Independent Examlner:
Mr Mllton Sawyefr FCCA
54 Hansol Road
Bexleyheath
Kent
DA6 8JG

Contents
Page No
Legal & Admlnistratlve Detsi18
Trustees Report
Independent Examlner8 Report
Statement of Flnancial Actlvltles
Statement of Flnancial Posltlon
Notes - Accountlng Polldes
Note6 - Analysls of Incorm & Expendlture
Note8 - Analy818 of Net Assets Be￿88n Fund8
Note8 - Olher
10-11
12
13-15

Tru8tee8 Report
Objects of th• charlty
The Parochlal Church Councll of St Stephen and St Mark Lewlsham (PCC) has the responslblllty of
cfroperating with the incumbenl. Ff Mlchael Balley, In promotlng the e￿les18&t1C8l par18h, the wholè
mlsslon of the church, pastoral, ev8ngellstlc, 80c1818nd ecumenlcal.
The PCC18 commltted to enabling as many people as posslble to wor8hlp wlth us and to becom
part ofour parish communlty. The PCC m8lntaln8 an overvlew of wor8hlp throughout the pari8h and
makes suggestions on how our servlces can Involve the rnany groups that Ilve wlthln the parlsh. Our
servlces and worshlp put f81th Into practlce through prayer, scripture. muslc and 88crament.
en plannlng our actlvltle8 for the year. the Incumbent and the PCC have considered the Charty
Commlsslon's guldance on publlc benefft, and partlcularly the 8upplementsry guidance on charitie8
for the advancement of rellglon.
Wo try to enable ordlnary people to Ilve out thelr falth as part ofour parish communlty through:
Worship and prayer: leamlng about the Gospel and developlng thelr knowl&Jge and trust In Je8US
Provlslon of pastoral care for wple Ilvlng In the parlsh
Mlsslonary and outreach work
To facilltate th18 Wofk. ft18 Import8nl that we malntaln the labrlc and Improve the fadlftle8 of our
church bulldlng and halls.
Summary ol the charlty's maln actlvltles and aCh￿VementS
To further the above objects and v181on, the church'8 maln actlvlt188 and achlevements were a8
follows;
Worshlp:
The Church holds regular church setvlces, Indudlng Sunday worshlp, 6peclal 8ervic88 for event8
Ilke Christmas and E8Ster. and other Ilturglcal celebratlons,
Splrltual Guldance:
Durlng the year, we offer 8plritual guidance and support through dergy, prayer, and re80ure88 for
reflection and faith development.
Sacraments:
The Church perfoms sacraments Includlng baptlsm. marrfage, and the Eucharlst (Hoty
C¢)mmunion).
Minlstry.,
The Church provldes rninistry to Indlvlduals and farnllles, Includlng p88toral care, counselllng, and
8UPPOrt during lrfe tran8itlon8.
In planning the 8Ctlvlties. the trustees h8ve applled the guidance on public benefft Issued by the
Charlty Comm188ion.

Structur•, Governanc• and Managom•nt
The PCC Is a corporate body e8tabll8hed by the Church of England. The method of appointment of
PCC member818 8et out In the Church Representstlon Rules. Memb8r8hlp of the PCC con81st8 of
the Vlcar. churchwardens and members elected by th08e members of the congregatlon who are on
the electoral role of the church. Members of the congregatlon are encouraged to reglster on the
Electoral Roll 8nd stand for election to the PCC.
PCC membern are respon81ble for m8klng ded8lons on all matter8 of general concern and
Importance lo the parlsh Includlng decldlng on how tho fund8 of the PCC are to be 8penl. New
member8 have some Inductlon and are made aware ol their re8pon81biliti88.
Flnanclal Revlew
Under the Church Accountlng Regulatlons of 2006 fund8 are now to be deemed 88 Unre8trfcted,
Restrlcted or Endowment. The PCC has agreed that the General Fund 18 to b6 classed a8
Unrestrfcted and the remalnSng funds 88 Restricted, vlth no funds classed as Endowment Fund8.
We ended the year wlth 8 deflcft of £12,686 (2023, Surplu8 of £14,952), whlch Is tho net amount
resultlng from both restrlcted and unrestrlcted actfvltles durlng the year. A breakdown of th16 figure
13 detalled on tha ststemenl of financial 8Ctivitle8.
Income from donatlons18 down compared to last yearfs figures, and so Is Income from hall lettingg
and parl8h fees. Totsl expendlture18 up compared to last year.
Desplte the result. the Church has 8ufficlent reserves to carry out projects and to further 5ts rni88lon
In knowlng Chr18t and maklng hlm known.
R8•erv•s Pollcy
It Is the PCC pollcy to m8lnt81n the recommended balance on unre8tr1ct8d lunds whlch equates to
at lea8t three month8 unrestricted payments.
The cash balance on the unrestrlcted fund8 at the year•nd was more than the mlnlmum requlred
value.
R88ponBlbllltle8 01 TnMtee8 under charlty law
Th8 tru8te88 are responslble for preparlng the tru8tee8' annual report and the financlal 8tatem8nts
In accordance with applic8bl8 law and UK Accounllng Standards (Unlted Kingdom Generally
Accepted Accountsng Practice).
Charlty law requlres the tru8t888 to prepare financlal statements for each financlal year whlch give
a true and lalr vlew ol the state of the affairs of the charlty 88 at the balance 8heet date and of tts
Incomlng resource8 and appllcatlon of resources, Includlng Income and expenditure. for the financlal
year. In preparing these financial ststements, the trustees are required to:
1 . Select sultable accountlng pollcl88 and appty them consl8tenty.
2. obseNe the method8 and prtnclple8 In th8 Charttkn SORP.
make judgements and e8tirnates that are reasonable and prudent:

4. stste whether the appllcable accountlng 8tand8rd8 have been followed, 8ubject to any
materlal departure8 disclosed and explalned In Ihe financial ststements; and
5. prepare the financlal 8tatements on a golng concern basls unle88 It 18 Inapproprl8te to
presume th81 th8 charlty wlll contlnue In operatlon,
The truste88 are re8ponslble lor keeplng proper accounung records that dlsclos8 wlth reasonable
accuracy at any tlme the financial p081tlon of th8 charlty and enable Ihem to ensure that the financlal
ststements comply wlth the Charitles Act 2011 and the Charty (Accounts and Report8) Regulatlons
2008. They are also rnsponslble for 8afeguarding the assets of the charlty and hence for taklng
reasonable 8tep8 for the preventlon and detectlon of fraud and other Irregularltles.
81gnaturn
Th18 report was approved by the tru8te88, 8nd18 81gned on their b8hatt by:
Nan
Sbgn•lur•
04t•

Independent Examlnern Report
I report to the trustees on my examlnatlon of Ihe accounts of The Parochlal Church Councll ol Tho
Eccleslastlcal Parish of St Stsphen wilh Sl Mark. Lewi8ham ('the charlv) for the year ended
3111212024.
The charity'8 trustees are responslble for the preparallon of tho accounts. The charlty's trustees
con8lder that an audit 18 not required for thls year under 8ectlon 144(2) of the Charltie8 Act 2011 (the
2011 Act) and that an Independent examlnatlon18 needed.
It18 my r88pon81bilty to:
examlne the accounts under 8ectlon 145 of the 2011 Acl
to follow the procedures lald down In the general Dlrectlons glven by the commlsslon under
sectlon 145(5)(b) of the 2011 Act
to state whether partlcular matter8 have come to my attentlon
My examlnatlon wa8 carried out In accordance wfth the General Dlrectlons glven by the Charlty
Comrnls81on under sectlon 4317){b) of the Act and to be found In the Church Guldance, 2006 6dltlon,
issued by the Finance Dlvlsion of the Archblshops. Councll. That examin8tlon Indudes a review of
the accounting records kept by the PCC and a comparison of the accounts with th08e records. It
also Includes conslderlng any unusual ttems or dl8d08ures In the account and 8eeklng explan8tlon8
from you as trustees concemlng any such matter3. The proc£dures undertaken do not provlde all
the evldence that would be requlred In an audlt, and con8equenUy I do not expre88 an audit oplnlon
on the vlew glven by th8 accounts.
an
mln
In connecllon wfth my ex8rnln8tion, no m8tt8r h88 com8 to my 8ttentlon: .
1 , whlch glve8 me rea80nable cause lo belleve that In any materlal respect, tho requlrem6nts.'
to keep accountlng record8 In accordance wlth section 130 01 the 2011 Act: and
to prepare financial 8tatements, whlch accord wlth the accountlng records and compty wlth
the requlrement8 of the 2011 Act 8nd the Regulatlons have not been meL
2. to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandlng
of the accounts to be reached.
Indopondent Examlnerf8 Detslls
Name:
Mr Mlfton Sawyerr FCCA
Address: 54 Hansol Road
8exleyhe8th
Kent
DA6 8JG
Mllton Sawyerr
Sl9n•lurn

Statement of Flnanclal Actlvltles
TIJW
Pmp Y•if
Ocn•¥on• & L•9•d••
7.OlQ
L•Jino• & F•••
25,15S
524
524
yyiz
7.mo
61
e8, 1(JQ
12,717
71,2
Fund•
pl,•)h
TrIn￿rI In
FWMI Tr•nthr• Oul
••p
In¥••trn*)l G•kth lsx Lo••••>
1 14
4*1
Tcthi Fund• 8r4•i F+yw•rd
17.372
14.479
36,899
.627
29.627
37.372
(Unf••trthdl
R••trthé. Chx¢l¥ l¢kn•rnl)
(Rwtrthd}
Putrt•l. CM* & (hp•n
lA••tr￿•0>
10,3PJ
2,186
11
440
(RwifvJ•d)
103
{R••ty**d)
632
{R••tylCI￿)
IR••tytsX•d)

Statement of Flnanclal Posltlon
RM•rlC
Twl
31.412
10
Jl,620
44.067
)1 411
FI￿a AM•l•
10,CQO
K£wit• P)y4t4•
6ba
431
1,711
1.788
T•mi LOM I Uty•g•
Il Currort A•th
41,
sly,
R•pNknd By
Unfmtrthd. Chwth {Ow*d}
{Vnry•irtGt•J)
2•.Q7
2•,Q7
7,8¥0
(Rwtrt*d)
. cw 8 ¢>9•n
IR••trthdl
440
fR•￿t*S)
isj
153
632
639
IR••tsXI￿
R••ts*l•d .
IR••lrtf•d
.1.b63
2.003
Slgnature
These accounts have been
roved b the twst888. and are signed on their behalf by:
sign•lur•
Dalo
11. S.2o2S-

Note8 to the Flnanclal Statements
Ba818 ol Preparatlon
These flnanclal statements have been prepared In accordance wlth the "Statement of Recommended Practlce:
Accounting and Reportlng by Charlties preparing their accounts In accordance with the Financial Reportlng
Slandard appllcable in the UK and Republic of Ireland (FRS 102) nhe Charities SORP,), with the Flnanclal
Reporting Standard appllc8ble In the United Kingdom and Republlc of Ireland ("FRS 102? and wlth the Charit188
Act 2011. The charity meets the definition of a public benefrt entity 88 Set out In FRS 102.
The Charltles (Accounts and Reports) Regulatlon8 2008 (the '2008 Regulatlons,) requlre8 charttle8 to prepare
their accounts In accordance wlth 'Accountlng and Reportlng by Charities: Ststement of Recommended Practi•
effecllve from 1 Aprll 2005, but th18 accountlng standard ha8 81nce been wlthdrawn and has been ieplaced by
the Charltle8 SORP mentloned In Ihe precedlng paragraph. The charlty has prepared these flnanclal 8tslements
In accordance wlth the new Charttles SORP: thi8 departure from the 2008 Regulatlon8 18 belleved to be
nece888ry for these financlal 8tstements to gNe a Irue and falr vievl.
The prlnciple8 adopted In the preparatlon of the financlal 8tatsments are set out In th8 accountlng pollcles bolow.
Golng Concern
The Trustees consider [Charity Name] a going concem at Ihe date for approvlng the accounts. There are no
materlal uncert81ntles that the charlty can contlnue a8 a golng concem for the next year.
Key Rl8k8 & Uncertalntl88
The charlty is exp08ed to various risks, Including operational, financlal and reputational risk8. The trustees revlew
the charlty'8 8ctlvitie8 regularly to Identtfy significant rlsks and, where posslble. they take approprlate measures
to mitlgate th08e risks.
Fund Accountlng
Unrestricted Income fvnds comprlse those fundswhlch the trustees are free to use for any purpose In furlherance
of the ch8rit8ble objects. Unrestricted funds include designated fund8 where the trustees, at their discretion,
have set aside resources for a speciflc purpose. Restrlcted funds are fund8 whlch are to be used In accordance
with 8peclfic restrictions imposed by the donor or the lern of speclfic appeal. Furlher explanatlon of the nature
and purp088 of each fund Is Included In the notes to the accounts.
Incomlng R8gourc
All Incoming resources are recognl8ed once the charlty has entltlement to the resources, It Is probable
that the resources will be received, and the monetary value of incoming resources can be measured with
suffident rellabllity.
All voluntsry Income from member8 of the charlty18 recognlsed as donation8 and are Included In full.
wlth associated Gift Akl recelvable In the Ststement ol Financial Activltles.
Grants wher8 entftlement Is not condltlonal on the delNery of specffic performanc¢ by the charity are
recognlsed when the charlty becomes uncondltlonalty entltled to the granl.
Income resources from ch8rftable tradlng actlvltl88 such as the lettlng of the bulldlng are accounted lor
when Involces are drawn up (as at the point of entltlement).
Donated servlces and facillties are Included at the value to the charlty where th18 can be quantlfied.
Glfts In Klnd are accounted for at a reasonable estlmate of thelr value to the charlty or the amount
reallsed.

Volunteer tlme, the value of volunlary 8UPPQrt for the work of the ch8rity,18 not IncIL￿d In the account8
but18 descrlbed In the Trustees Annual Report.
Investment Income18 Included In the 8ccounts when recelvable
Re8ourco• Exp•nd
Expendlture Is recognlsed on an 8ccru81 basis 88 a liablllty18 Incurred. Llabllltles are recognlsed where It Is moré
Ilkely than not that there Is a legal Of constructlve obllgatlon commlttlng the charfty to pay out the resources and
the amount of the obllgatlon can be m8a8ured with reasonable certainty.
Governanc• c￿ts
Govemance costs Include costs assoclated vlth the Independent 8xamlnatlon of the flnanclal statements,
compliance with constitutional and statutory requlrement8 and any other expendkture Incurred on the 8trateglc
management of the charlty. Governance costs are shown wlthln 'Analysls ol Expendlture, note.
Llablllty Recognftlon
Llablllties are recogn16￿ as 800n a8 there18 a legal or con8tructlve obllgatlon commlttlng the charlty to pay out
resources.
Tanglble Flxed Asget•
A88ets over the value of £1,000 8ro capltallsed. Depreclatlon Is provlded on tsnglble fixed assets at rates
calculated to wrlle off the cost of an asset, less Its estimated resldual value, over the expected useful economlc
Ilfe of that asset, as follows:
Freehold property - 0%
Musical and Technlcal Equlpment - 4 year8 on 8tr81ght Ilne bas18
Office and computer equlpment - 4 years on straight line basls
Fumlture, flxlures and tlttlngs - 4 year3 on 8tralght Ilne basls
In vlew of the malntenance programme In place vthlch alms to keep tha bulldlng in good condition, the trustee8
consider that any depreclatlon of freehold property would be Immaterlal and accordlngly no prov181on h88 been
made. The carrylng amount of the freehold property18 revlthved annually for imp8irm8nt by the truste88.
Pen8lon8
The charlty ha8 no penslon 8cheme Set up 88 It currenty has no pald 8tsff.
Taxatlon
The charlty18 exempt from tax on Its charltabl8 activlties.
Judgoments and Key Sourc•8 of E•tlmatlon
The tru8tee8 do not conslder that there are any mater181 sources of estlmatlon or uncertalnty at the balance
sheet date that could result In a materlal adjustment to the carylng values of assets and liabilrties in the next
reporting perlod.

",Note8 - Analy818 of Income & Expendlture
Analy818 of Incomo
Current Year
6.8fO
Grnn¢•
Ev•nt
iiiywlmyprf
B•nk Inl•rwl
lrnllng Acliviii*•
R•nthi lrfoffl•
18.8
nih9f
Inc4Jm•
5241
S24
1 1 ty7?
i ¥Lr
Prlor Year
Oon•llun• & L•9•￿*
0￿*110n•
S.808
15.4•7
GIIA
Or•n
h•iffl4th Aclivltlb¥•
ew•nl I￿(￿n•
B•nk Int•f
10,155
Ull*i
Inc4
1%41T
10

Analy818 of Expendlture
Current Year
cl￿*￿•1￿• Acliwilll
3,21
37•
ET•wI CI*
Gf• GWI
27.2•3
Prnm
8IAff Corf•
07.YJ?
11.931
14 lJ441
Prlor Year
k Ch•igi•
0,•34
4•0
Prnnl•••
8tsff Cé•i•
11

Notes - Analysls of Net A88ets Between Fund8
Current Year
7(Kni
J1.412
31.510
io,(o)
10.¢Xp)
Cun•th Llthl¥J
Non-curywl LWI•••
Prlor Year
Trnal
4.17•
44.067
NoTrCuTrwl *A••l•
10.000
10.0
Cuff•rt L*bltt••
2211
2.218
NoTrCuiMI LI￿1¥••
12

Notes - Other
Volunteers
The charlty benefits greatly from the voluntary contrlbutlons of time and money.
Independent Examlnatlon Foe•
Fees payable to the Independent examlner for Independent examlnatlon were: 2024 - £550 (2023 - £550).
Staff Costs
There were no staff during the year and hence no staff costs.
Trustee Remuneratlon
Durlng the year no trustees I PCC member recelved any remunerabon.
Tru8tse Expense8
During the year father Michael Bailey who 18 a Irustee Incurred OUt￿l-pocket exFenses and were Incurred for
the day-to-day runnlng of the charlty's 8Ctlvltle8.
Trustee Donatlons
During the year no donatlons were made to the charity by the trustees and hence theffj were no condition8
attached to donations.
Tanglble Flxed Assets
prtry lo 1# J•rwry 2024
10,C•XI
10.000
In y•v
prtrrf l) l* J•wJ•ry 2024
N•1 8ook V•lu•
A• •131*1 X12J
10,QOO
10.1)00
13

Debtorn
Accounts Receivable
ré*oF
Prepayment8
Prnp•ym•nt•
Credltor8
Accounts Payable
T&% & Socknl
Tr•O• Crndityx•
Deferred Incoff
1.786
Analys18 ol Charftable Funds
Current Year
37.372
54.972
IG•nw*) IUnrn•tyk*•¥
82,717 |
J7.172
e171T
29.07.,
R••liipl•rt
RwlfyX•O. Chufch
lQ•w•ll (A•￿￿￿1)
10.3•8
R••lrtt•d. Chotr & Ory
IR••trtt•d)
1166
A••trkW. Chwoh
Cl••n*vJ (R••th**d)
1$3
163
(R••tr*•bd)
107
14

(R••vtrJ•J)
I.￿0
Prlor Year
Unr•)irtcttyJ . Chur(*
(O•n•f•ll IUni•trk
37.372.
J7,372
A￿￿1•d. Clw
{G•n•rnl) IR••trk
10.301
10,3911
IR
R••Y<4•d. Chu
Cl••nlr4 IPl•trthdl
440
18J
153
IR••trlGt•Ji
{R••lrtct•O)
2.003
IR••trlel•ai
l{rAw￿j To
14479
1447$
Fund Transfern
There were no Fund Tran8fer8 this financlal yeaf.
Fund D08crlptlons
R••tr**d. cl￿[￿ (Gwxrnl)
Si s￿￿.1 f/ Pfhwy Sdxxl
Transactlon8 to Related Partles
There were no tran68Ctlons related partie8 during Ihe accounting period.
Prlor Perlod Adjustment
There were no prior year adjustments.
15