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2024-12-31-accounts

Charity number: 1186695

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Rev Chris Hanning, Incumbent Rev Abigail A Adetayo Rev Pat Soer Ms Despina Francois, Church Warden (appointed 12 May 2024) Mr Daniel Addo (resigned 12 May 2024) Ms Busola Ade-Ojo (resigned 12 May 2024) Dr Angela Kulendran, PCC Secretary Ms Joan Asombang Ms Jennifer Gilkes Mr James Baudains Mr Richard Houlihan (resigned 12 May 2024) Ms Sola A Ogun, Lay Chair Ms Sue Chapman (resigned 12 May 2024) Mr Christian Okoh Mr Steven Williams Ms Shirley Brown Dr Debo Longe (resigned 12 May 2024) Ms Roseline Okiti (appointed 12 May 2024) Mr Richard Ocen (appointed 12 May 2024) Ms Deborah Ugbechie (appointed 12 May 2024)

Charity registered number

1186695

Principal office

St John's Church, St John's Vale, London, SE8 4EA

Treasurer

Ms S Coudjoe, Non PCC Member

Independent Examiner

P M Landergan FCA, 26 Burney Street, London, SE10 8EX

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the charity for the 1 January 2024 to 31 December 2024.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The PCC’s charitable objects (‘Promoting in the ecclesiastical parish the whole mission of the Church’) are primarily focused on the advancement of religion, which is recognised as a charitable purpose having public benefit. All regular public worship is provided free of charge and open to all. In addition, the PCC’s activities as listed above have further public benefits; for example, teaching and taking assemblies offer advancement of education which is recognised as a charitable purpose having public benefit. Donations to other charities and our own projects provide public benefits in the relief of poverty and need, whether within or outside the ecclesiastical parish, often for minority groups with particular needs such as the elderly.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the church building.

We promote the church’s mission to the whole parish as well as the worshipping community. Activities in 2024 included:

c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT

Additional activities have also been carried out with a specific view to benefiting the public:

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

a. KEY FINANCIAL PERFORMANCE INDICATORS

The PCC operates as a registered charity and whilst its objectives are not focused as such, the financial health remains paramount in its ability to carry out activities and meet its objectives. Our key performance indicators are comprised of the following:

b. REVIEW OF ACTIVITIES

Religious worship

Sunday morning worship at 10:30am has run faithfully throughout the year, in person.

Baptisms (2), and weddings (1) have been limited. There were 5 funerals.

A weekly service at the Holy Trinity Centre continues at 6.30pm on Sundays.

Pastoral Care

Our ministry has continued by telephone calls, use of modern technology, practical help where possible focussing on three groups of people:

Those living alone who no longer had family and friends who could offer support. Regular church members and those known to us who felt unable to worship with us for health or family reasons

Those whose mental health was suffering because of circumstances they were having to deal with.

Mission and Evangelism

New people have joined our services and ministries, or made connections with St John’s and its members for the first time. We reviewed our mission action plan in 2023, and have continued to prioritise particularly our Youth work and growing our multiethnic community.

Volunteers

The PCC thanks all volunteers who work so hard to make our church the lively and vibrant community it is.

Holy Trinity

We have continued to explore possibilities for the long term redevelopment of Holy Trinity. Following three attempts for planning permission, which progressively reduced in scale in order to accommodate the local council’s requirements and were still rejected this has proved difficult. However, we are considering different options including partnering with others in order to make this happen as we believe in the long term benefit.

Financial review

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

a. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Following the impact of the Coronavirus on the church as a whole, reserves were depleted and fabric projects put on hold. The Trustees note signs of recovery in respect of both general reserves and amounts informally designated for fabric matters. Optimism is maintained going forward that hall letting income appears to continue to improve. Until further recovery is seen, expenditure is to be administered more strictly in respect of higher cost projects and grant funding sought. In particular, the Trustees note that income is reliant on the rental receipts in respect of the property at 3 Orchard Hill, which has been a blessing. However, efforts should continue to be made such that the operation of the church should be funded by giving of the congregation.

b. RESERVES POLICY

It is the policy of this Church to hold in reserves the equivalent of three months general running costs to ensure that if there is a significant drop in funding, the reserves held at this level will enable the charity to continue its current activities ensuring, the PCC will have time to give consideration as to how additional funds could be generated and costs reduced, this also includes an allowance to address additional costs relating to the fabric of the church. This policy will be reviewed in twelve months’ time.

The PCC believe that at present the target level of £32,000 has been met and the additional amount will be retained in the general fund. As noted above, maintaining the fabric of the church building is important to carrying out our objectives. Going forward we look to replenish the designated fabric fund as our free reserves continue to improve.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

a. CONSTITUTION

The charity was incorporated on 2 December 2019 and assumed responsibility for the Charity on that date.

The PCC has the responsibility of co operating with the Incumbent or in his absence the Church Wardens in promoting, within the Parish, the whole mission of the church; pastoral, evangelistic, social and ecumenical.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Members of the PCC are either elected by the Annual Parochial Church Meeting (APCM), in accordance with the Church Representation Rules, or are ex officio.

The management of the charity is the responsibility of the Incumbent, and PCC who are elected and co opted under the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969) as amended.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

St John’s forms part of the wider Church of England and comes under the authority of the Diocese of Southwark.

The PCC operates through several working parties and committees which meet between full meetings of the PCC. The Standing Committee is the only committee required by law and it has the power to conduct the business of the PCC between its meetings, subject to the direction of the PCC.

d. RISK MANAGEMENT

The Incumbent and PCC have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Included in the assessment are matters relating to; Health and Safety and Safeguarding Policies and those charged with dealing with children are required to complete the diocesan training every 3 years as well as comprehensive insurance cover.

The PCC has adopted the Diocese’s Safe Church policies and procedures to safeguard children, young persons and adults who might be vulnerable. These policies and procedures are regularly monitored to ensure implementation. Each year our Safeguarding Officers attend at least two PCC meetings to keep us updated of requirements and also submit written reports in order that we can fully support them, our young people and any vulnerable adults. All persons who have contact with children, young persons and adults who might be vulnerable, are required to possess a clear Disclosure and Barring Service (“DBS”) report and receive information on safe caring and whistle blowing.

e. ASSET and PROPERTY MANAGEMENT

The PCC is responsible for the consecrated and beneficed church building and land. Churchwardens hold on special trust for the PCC moveable church furnishings. They are also responsible for the Hall located at The Holy Trinity Centre, Bennet Grove, though it is held on trust for them by the Diocese of Southwark.

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on 4 May 2025 and signed on their behalf by:

Rev Chris Hanning Chair PCC

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity'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 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with 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) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 12 May 2025

P M Landergan FCA (7643305)

Landergan & Co Ltd, 26 Burney Street, London SE10 8EX

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Note
2024
£
INCOME FROM:
Donations and legacies
2
67,054
Other trading activities
3
2,690
Investments
4
75,355
TOTAL INCOME
145,099
EXPENDITURE ON:
Charitable activities
8
128,190
TOTAL EXPENDITURE
9
128,190
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES
16,909
NET MOVEMENT IN FUNDS
16,909
RECONCILIATION OF FUNDS:
Total funds brought forward
413,088
TOTAL FUNDS CARRIED FORWARD
429,997		 Restricted
funds
2024
£
33,597
-
-
33,597
17,496
17,496
16,101
16,101
34,688
50,789		 Total
funds
2024
£
100,651
2,690
75,355
178,696
145,686
145,686
33,010
33,010
447,776
480,786		 Total
funds
2023
£
84,643
1,368
48,632
134,643
141,070
141,070
(6,427)
(6,427)
454,203
447,776

The notes on pages 11 to 19 form part of these financial statements.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
14
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
15
Unrestricted funds
15
TOTAL FUNDS		 £
8,427
94,063
102,490
(6,704)		 2024
£
385,000
95,786
480,786
50,789
429,997
480,786		 £
21,525
44,012
65,537
(5,261)		 2023
£
387,500
60,276
447,776
34,688
413,088
447,776

The financial statements were approved by the Trustees on 4 May 2025 and signed on their behalf, by:

Rev Chris Hanning Chair PCC

J Baudains PCC Member

The notes on pages 11 to 19 form part of these financial statements.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH of ST JOHN with HOLY TRINITY constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.4 Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property

100 Years Buildings Only

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2.
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2024
£
Donations
67,054
Grants
-
Total donations and legacies
67,054
Total 2023
84,643
3.
FUNDRAISING INCOME
Unrestricted
funds
2024
£
Church Groups
1,165
Total 2023
1,161
4.
INVESTMENT INCOME
Unrestricted
funds
2024
£
Rental Income
75,355
Total 2023
48,632
5.
ANALYSIS OF GRANTS
Missionary and charitable giving
Total 2023		 Restricted
funds


2024
£
41
33,556
33,597
-
Restricted
funds
2024
£
-
-
Restricted
funds
2024
£
-
-
Grants
2024
£
1,406
1,141		 Total
funds
2024
£
67,095
33,556
100,651
84,643
Total
funds
2024
£
1,165
1,161
Total
funds
2024
£
75,355
48,632
Total
2024
£
1,406
1,141		 Total
funds
2023
£
83,823
820
84,643
Total
funds
2023
£
1,161
Total
funds
2023
£
48,632
Total
2023
£
1,141

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. DIRECT COSTS

Fabric Expenses
Fees to Diocise
Parish Share
Cleaning
Depreciation
Total 2023		 Activities
£
58,789
909
40,000
4,275
2,500
106,473
112,771		 Total
2024
£
58,789
909
40,000
4,275
2,500
106,473
112,771		 Total
2023
£
65,900
-
40,000
4,371
2,500
112,771

7. SUPPORT COSTS

Worship Expenses
Administration
Organ
Telephone
Bank charges
Total 2023		 Activities
£
7,499
9,598
17,496
1,306
408
36,307
25,238		 Total
2024
£
7,499
9,598
17,496
1,306
408
36,307
25,238		 Total
2023
£
6,717
8,873
8,057
1,188
403
25,238

During the year ended 31 December 2024, the charity incurred the following Governance costs: £ NIL (2023 - £NIL) included within the table above in respect of Direct costs - Activities (Activity 1).

8. GOVERNANCE COSTS

GOVERNANCE COSTS
Unrestricted Restricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Examination Fee 1,500 - 1,500 1,920

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Depreciation
Other costs
2024
£
2024
£
Ministry Expenses
2,500
141,686
Expenditure on governance
-
1,500
2,500
143,186
Total 2023
2,500
138,570		 Total
2024
£
144,186
1,500
145,686
141,070		 Total
2023
£
139,150
1,920
141,070

10. NET INCOME/(EXPENDITURE)

This is stated after charging:

2024 2023
£ £
Depreciation of tangible fixed assets:
- owned by the charity 2,500 2,500

During the year, Trustees received reimbursement of expenses of £PLEASE CONFIRM (2022 - £2,363).

11. EXAMINATION FEE

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,500 (2023 - - - £1,920).

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. TANGIBLE FIXED ASSETS

Cost
At 1 January 2024 and 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
property
£
400,000
12,500
2,500
15,000
385,000
387,500

Included in land and buildings is freehold land at valuation of £150,000 which is not depreciated.

13. DEBTORS

DEBTORS
Trade debtors
Other debtors
Tax recoverable		 2024
£
560
662
7,205
8,427		 2023
£
2,907
-
18,618
21,525

14. CREDITORS: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2024
£
5,204
1,500
6,704		 2023
£
3,701
1,560
5,261

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Unrestricted funds
General Fund
Restricted funds
Organ Fund
Youth Fund
Total of funds		 Balance at
1 January
2024
£
413,088
19,302
15,386
34,688
447,776		 Income Expenditure
£
£
145,099
(128,190)
33,556
(17,496)
41
-
33,597
(17,496)
178,696
(145,686)		 Balance at
31
December
2024
£
429,997
35,362
15,427
50,789
480,786

Restricted Funds

Organ Fund - Specific gifts given to maintain and repair the organ.

Youth Fund - Legacy received to be used to support Youth Work.

STATEMENT OF FUNDS - PRIOR YEAR

General funds
General Fund
Restricted funds
Organ Fund
Youth Fund
Total of funds		 Balance at
1 January
2023
£
411,458
27,359
15,386
42,745
454,203		 Income
£
134,643
-
-
-
134,643		 Expenditure
£
(133,013)
(8,057)
-
(8,057)
(141,070)		 Balance at
31
December
2023
£
413,088
19,302
15,386
34,688
447,776

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN WITH HOLY TRINITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2024
£
Tangible fixed assets
385,000
Current assets
51,701
Creditors due within one year
(6,704)
429,997
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2023
£
Tangible fixed assets
387,500
Current assets
30,849
Creditors due within one year
(5,261)
413,088		 Restricted
funds
2024
£
-
50,789
-
50,789
Restricted
funds
2023
£
-
34,688
-
34,688		 Total
funds
2024
£
385,000
102,490
(6,704)
480,786
Total
funds
2023
£
387,500
65,537
(5,261)
447,776

Page 19