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



3 



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 - - - - - - 



4 



## **Balance Sheet (Summary)** 

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



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



5 



|**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**|



6 



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



7 



|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<br>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<br>funerals|346.00|-|-|-|346.00|215.00|
|1210 - Bookstall sales to|||||||
|promote objectives|-|-|-|-|-|-|
|1230 - Church hall lettings -|||||||
|objectives|-|-|-|-|-|-|
|**Income from charitable**<br>**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<br>events|217.04|-|-|-|217.04|171.44|
|1740 - Investment management<br>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|



8 



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



9 



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

10