2023-12-31-accounts

The Church of St Martin Gospel Oak Parochial Church Council

Annual Report and Accounts for the year ended 31 December 2023

1

Independent Examiner’s report

Accounts for the year ended 31[st] December 2023

Respective responsibilities of the Trustees and the examiner

The charity’s trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records

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

Date: 18[th] April 2024

Signed:

Stephen Hendy

2

Statement of Financial Activity

	Unrestricted	Designated	Restricted	Endowment	Total	Prior year total
	funds	funds	funds	funds	funds
						funds
Income and endowments from:
Donations and legacies	18,228.41	-	12,500.00	-	30,728.41	37,325.39
Other trading activities	5,208.00	-	-	-	5,208.00	14,841.50
Investments	1,999.99	-	-	-	1,999.99	810.01
Income from charitable activities	346.00	-	-	-	346.00	215.00
Other income	-	-	-	-	-	-
Total income	25,782.40	-	12,500.00	-	38,282.40	53,191.90
Expenditure on:
Raising funds	217.04	-	-	-	217.04	4,767.44
Expenditure on charitable activities	35,661.21	84.75	13,079.68	-	48,825.64	52,082.33
Other expenditure	-	-	-	-	-	910.00
Total expenditure	35,878.25	84.75	13,079.68	-	49,042.68	57,759.77
Net income / (expenditure) resources before transfer	(10,095.85)	(84.75)	(579.68)	**- **	(10,760.28)	(4,567.87)
Transfers
Gross transfers funds - in	-	-	-	-	-	-
Gross transfers funds - out	-	-	-	-	-	-
Other recognised gains / losses
Gains/losses on investment
assets	-	-	-	-	-	-
Gains on revaluation, fixed
assets, charity's own use	-	-	-	-	-	-
Net movement in funds	(10,095.85)	(84.75)	(579.68)	**- **	(10,760.28)	(4,567.87)
Reconciliation of funds
Total funds brought forward	5,607.41	68,620.13	50,067.00	**- **	**124,294.54 **	128,862.41
Total funds carried forward	(4,488.44)	68,535.38	49,487.32	**- **	**113,534.26 **	124,294.54
Represented by
Unrestricted
General fund	(4,488.44)	-	-	-	(4,488.44)	5,607.41
petty cash	-	-	-	-	-	-
Designated
Church Hall building works	-	9,723.99	-	-	9,723.99	9,723.99
Legacy J Claremont	-	58,801.39	-	-	58,801.39	58,886.14
Memorial Fund	-	10.00	-	-	10.00	10.00
Restricted
Activity Co-Ordinator	-	-	5,825.00	-	5,825.00	5,650.00
Agency Collection	-	-	-	-	-	-
Building fund	-	-	7,252.54	-	7,252.54	7,252.54

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Conservation - - - - - - Covid19 Revcovery Fund - - - - - - Gospel Oak Community Fund - - 852.34 - 852.34 852.34[Grant Church Hall Capital ] - - 14,656.72 - 14,656.72 14,675.38 Works HLF Notice Board - - - - - - Restricted - - - - - - St Pancras Lands Trust - - 20,900.72 - 20,900.72 21,636.74 Tower-Sound Control - - - - - -

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Balance Sheet (Summary)

Balance Sheet (Summary)
	As at 31/12/2023 As at 31/12/2022
Fixed assets Current assets Cash At Bank and In Hand Liabilities Creditors: Amounts Falling Due in One Year Net current assets less current liabilities Total assets less current liabilities Liabilities Total net assets less liabilities Represented by Unrestricted Unrestricted - General Funds Designated Designated - Church Hall building works Designated - Legacy J Claremont Designated - Memorial Fund Restricted Restricted - Activity Co-Ordinator Restricted - Building fund Restricted - Gospel Oak Community Fund Restricted - Grant Church Hall Capital Works HLF Restricted - St Pancras Lands Trust Fund Totals Statement of Assets and Liabilities (by fund)
	- - 114,885.37 124,372.65
	114,885.37 124,372.65 1,351.11 78.11
	1,351.11 78.11
	113,534.26 124,294.54
	113,534.26 124,294.54 - -
	113,534.26 124,294.54 (4,488.44) 5,607.41 9,723.99 9,723.99 58,801.39 58,886.14 10.00 10.00 5,825.00 5,650.00 7,252.54 7,252.54 852.34 852.34 14,656.72 14,675.38 20,900.72 21,636.74
	113,534.26 124,294.54

Statement of Assets and Liabilities (by fund)
	Balance Previous balance
Cash At Bank And In Hand 6501: Nat West Bank current account Activity Co-Ordinator Restricted Building fund Restricted Gospel Oak Community Fund Restricted Church Hall building works Designated Legacy J Claremont Designated Memorial Fund Designated Agency Collection Restricted Grant Church Hall Capital Works HLF Restricted St Pancras Lands Trust Restricted General fund Unrestricted	5,825.00 5,650.00 (2,757.00) (2,757.00) 1,258.44 1,258.44 9,518.29 9,518.29 (4,286.12) (4,201.37) 10.00 10.00 3,848.26 2,575.26 (7,234.62) (7,234.62) (5,597.54) (5,597.54) 34,920.36 47,016.20
	35,505.07 46,237.66

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6502: Nat West Churchwardens Acc
Building fund	Restricted	10,009.54	10,009.54
Gospel Oak Community Fund	Restricted	(406.10)	(406.10)
Agency Collection	Restricted	(2,497.15)	(2,497.15)
Grant Church Hall Capital Works HLF	Restricted	49,981.34	50,000.00
St Pancras Lands Trust	Restricted	26,498.26	27,234.28
General fund	Unrestricted	(68,633.96)	(68,633.96)
		14,951.93	15,706.61
6505: Nat West Bank CWdns deposit reserve
General fund	Unrestricted	40.71	40.21
		40.71	40.21
6510: CCLA (CBF) deposit account
Church Hall building works	Designated	205.70	205.70
Legacy J Claremont	Designated	63,087.51	63,087.51
Grant Church Hall Capital Works HLF	Restricted	(28,090.00)	(28,090.00)
General fund	Unrestricted	29,184.45	27,184.96
		64,387.66	62,388.17
	Cash At Bank And In Hand	114,885.37	124,372.65
Agency Accounts
6699: Agency collections
Agency Collection	Restricted	1,351.11	78.11
		1,351.11	78.11
	Agency Accounts	1,351.11	78.11
	Grand Total	113,534.26	124,294.54

Fund movement summary

Fund Opening Incoming Outgoing Transfers Gains/Losses Journals Closing

Activity
Restricted		5,650.00	500.00	325.00	-	-	-	5,825.00
	Sub-totals	5,650.00	500.00	325.00	-	-	-	5,825.00
Build
Restricted		7,252.54	-	-	-	-	-	7,252.54
	Sub-totals	7,252.54	-	-	-	-	-	7,252.54
GOCF
Restricted		852.34	-	-	-	-	-	852.34
	Sub-totals	852.34	-	-	-	-	-	852.34
Hall-desgn
Designated		9,723.99	-	-	-	-	-	9,723.99
	Sub-totals	9,723.99	-	-	-	-	-	9,723.99
Legclaremt
Designated		58,886.14	-	84.75	-	-	-	58,801.39
	Sub-totals	58,886.14	-	84.75	-	-	-	58,801.39
Memorial
Designated		10.00	-	-	-	-	-	10.00
	Sub-totals	10.00	-	-	-	-	-	10.00
S106
Restricted		14,675.38	-	18.66	-	-	-	14,656.72
	Sub-totals	14,675.38	-	18.66	-	-	-	14,656.72

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StPanc
Restricted		21,636.74	12,000.00	12,736.02	-	-	-	20,900.72
	Sub-totals	**21,636.74 **	12,000.00	12,736.02	-	-	-	20,900.72
General
Unrestricted		5,607.41	25,782.40	35,878.25	-	-	-	(4,488.44)
	Sub-totals	**5,607.41 **	25,782.40	35,878.25	-	-	-	(4,488.44)
	Totals	**124,294.54 **	38,282.40	49,042.68	-	-	**- **	113,534.26

Analysis of income and expenditure

					Total	Total
					This		Last
	**Unrestricted **	Designated	Restricted	Endowment
					year		year
INCOME AND ENDOWMENTS FROM:
Donations and legacies
0101 - Gift Aid - Bank	690.00	-	-	-	690.00		790.00
0102 - PGS Giving	9,126.61	-	-	-	9,126.61	9,594.50
0103 - PGS One Off Giving	9.85	-	-	-	9.85		-
0110 - Gift Aid - Envelopes	586.00	-	-	-	586.00		325.00
0201 - Other planned giving	-	-	-	-	-		-
0301 - Loose plate collections	4,076.64	-	-	-	4,076.64	2,251.07
0401 - Regular gift days	-	-	-	-	-		-
0410 - Wall Boxes	369.58	-	-	-	369.58		414.01
0501 - One-off Gift Aid gifts	150.00	-	-	-	150.00		223.20
0510 - Gifts of quoted securities	-	-	-	-	-		-
0550 - Donations appeals etc	-	-	500.00	-	500.00		674.73
0551 - Sumup donations	820.63	-	-	-	820.63		968.28
0559 - DCMS VAT refund	-	-	-	-	-	5,132.29
0560 - St Pancras Lands Trust	-	-	12,000.00	-	12,000.00	12,000.00
0601 - Tax recoverable on Gift
Aid	-	-	-	-	-		-
0602 - Tax Recovered on PGS Giving	2,174.60	-	-	-	2,174.60	2,231.31
0603 - Tax Recovered on PGS one off Giving	2.50	-	-	-	2.50		-
0701 - Legacies	-	-	-	-	-		-
0801 - Recurring grants	-	-	-	-	-		-
08A1 - Non-recurring one-off grants	100.00	-	-	-	100.00	2,641.00
0901 - Other funds generated	-	-	-	-	-		-
0910 - Fund Raising	122.00	-	-	-	122.00		80.00
1330 - Art Sale for Pinnacles
Appeal	-	-	-	-	-		-
Donations and legacies Totals	18,228.41	-	12,500.00	**- **	**30,728.41 **	37,325.39
Other trading activities
1220 - Bookstall sales - fund
raising	-	-	-	-	-		-
1240 - Church hall lettings - fund raising	2,170.00	-	-	-	2,170.00	2,720.00
1241 - Office Rental	-	-	-	-	-	8,547.00

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1242 - Co-Working	-	-	-	-	-	-
1243 - Church Hire	3,038.00	-	-	-	3,038.00	3,574.50
1250 - Magazine advertising	-	-	-	-	-	-
1260 - Parish magazine sales	-	-	-	-	-	-
1301 - Rummage sales etc	-	-	-	-	-	-
Other trading activities Totals	5,208.00	-	-	-	**5,208.00 **	14,841.50
Investments
1001 - Dividends	-	-	-	-	-	-
1020 - Bank and building society interest	1,999.99	-	-	-	1,999.99	810.01
1030 - Rent from lands or
buildings	-	-	-	-	-	-
Investments Totals	1,999.99	-	-	-	1,999.99	810.01
Income from charitable activities
1101 - Fees for weddings and funerals	346.00	-	-	-	346.00	215.00
1210 - Bookstall sales to
promote objectives	-	-	-	-	-	-
1230 - Church hall lettings -
objectives	-	-	-	-	-	-
Income from charitable activities Totals	346.00	-	-	-	346.00	215.00
Other income
1310 - Insurance claims	-	-	-	-	-	-
1320 - Surplus - sales of fixed
assets	-	-	-	-	-	-
2000 - Unidentified Income	-	-	-	-	-	-
Other income Totals	-	-	-	-	-	-
Income and endowments	25,782.40	-	12,500.00	**- **	**38,282.40 **	53,191.90
Grand totals
EXPENDITURE ON:
Raising funds
1701 - Fees paid to fund raisers	-	-	-	-	-	-
1710 - Costs of applying for
grants	-	-	-	-	-	-
1720 - Costs of stewardship	-	-	-	-	-	-
1730 - Costs of fetes & other events	217.04	-	-	-	217.04	171.44
1740 - Investment management costs	-	-	-	-	-	4,596.00
Raising funds Totals	217.04	-	-	-	217.04	4,767.44
Expenditure on charitable activities
1801 - Giving to missionary
societies	-	-	-	-	-	-
1830 - Giving - relief and
development agencies	-	-	-	-	-	-
1850 - Home mission	-	-	-	-	-	-
1870 - Secular charities	-	-	-	-	-	-
1901 - Common Fund	14,000.00	-	-	-	14,000.00	12,000.00
1910 - Ministry parish share etc	-	-	-	-	-	-
2001 - Assistant staff costs	928.83	-	-	-	928.83	982.58

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2050 - Salary of parish administrator 2101 - Working expenses of incumbent 2110 - Visiting speakers / locums 2120 - Council tax 2130 - Vicarage expenses 2140 - Water rates - vicarage 2145 - Parsonage - water 2150 - Vicar's telephone 2160 - Parish training and mission 2170 - Education 2301 - Church running - insurance 2310 - Church office - telephone 2311 - Church Wifi 2320 - Organ / piano tuning 2330 - Church maintenance 2331 - Cleaning 2340 - Upkeep of services 2345 - Music 2350 - Upkeep of churchyard 2360 - Administration 2361 - Refreshments 2362 - Safeguarding 2363 - Bookkeeping 2401 - Church running - electric 2410 - Church running - gas 2420 - Church running - water 2430 - Church running - oil 2440 - Church running - heating and lighting 2501 - Magazine expenses 2510 - Bookstall costs 2520 - Hall running - oil 2530 - Hall running - electricity 2540 - Hall running - gas 2550 - Hall running - insurance 2560 - Hall running - maintenance 2570 - Hall running - telephone 2580 - Hall running - water 2590 - Hall running - heating and lighting 2601 - Governance costs examination/audit fee 2701 - Church major repairs - structure 2702 - Hall Major Repairs Subsidance 2710 - Church major repairs - installation 2720 - Church interior and exterior decorating 2801 - Hall + major repairs - structure 2820 - Hall + major repairs - installation 2830 - Hall + interior and exterior decorating 2840 - Other PCC property upkeep 2901 - New building parsonage house 2910 - New building house for curate 2920 - New building Church 2930 - New building Hall Expenditure on charitable activities Totals Other expenditure 1902 - STATUTORY FEES TO LDN DIOC FUND Other expenditure Totals	- - 325.00 - 325.00 100.00 120.00 - - - 120.00 667.70 239.80 - - - 239.80 100.00 - - - - - - - - - - - - 664.59 - - - 664.59 595.67 - - - - - - - - - - - - 121.10 - - - 121.10 60.00 - - - - - - - - 6,381.18 - 6,381.18 5,815.29 677.01 - - - 677.01 946.94 551.68 - - - 551.68 330.36 - - - - - - 1,168.53 - - - 1,168.53 3,847.28 1,512.00 - - - 1,512.00 1,662.65 1,244.83 - - - 1,244.83 1,497.15 3,585.00 - - - 3,585.00 3,820.89 4,603.94 - - - 4,603.94 - 2,264.96 84.75 - - 2,349.71 1,594.41 367.98 - - - 367.98 289.63 - - - - - - 2,499.96 - - - 2,499.96 2,499.96 - - 1,619.57 - 1,619.57 2,367.75 - - 4,545.51 - 4,545.51 1,453.47 - - 208.42 - 208.42 126.91 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 793.00 - - - 793.00 8,930.10 - - - - - - - - - - - - - - - - - - 318.00 - - - 318.00 330.00 - - - - - 600.00 - - - - - - - - - - - - - - - - - - - - - - - 1,463.59 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	35,661.21 84.75 13,079.68 - 48,825.64 52,082.33 - - - - - 910.00
	- - - - - 910.00

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Expenditure Grand totals 35,878.25 84.75 13,079.68 - 49,042.68 57,759.77

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