Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew, Finsbury, London (A Par¢¢hI Church Councll) Financial Statements and PCC Members. Report for the year ended 31 December 2024
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsburyi London IA Parochlal Church Counclll Index to the Financial Statements for the ar ended 31 De¢•mber 2024 Page Indèx to th• Flnanclal Statements PCC In10rn1l0n PCC Membor5' RgpDrt stat•m•ht OIPCG M•n*•rs' Respor4thlW¢I Ind•pend•nt ExwThln•rfs R•port stst•m•nt ol Flnanclal Acuvllles Stat•m•nt of Flnandal pa{10n io Statgmqnt of Cash Flows 11 Aeeountlnq Pollclos 12-13 Notes to tho Accounts 14-10 Pap2
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsbury. London IA Parnchlal church Counclll PCC Inforniation for the •ar ended 310ecember 2024 Status: Tho PaKlal Churth C(rtwKa IPCCI 15 a c#xpor31e tx¥Jy established by Iht Church of England. 11 15 cr¥isbtukd and govemed by IhB Pamchial Churth CounciLs (Powers) Measure 1956 la5 amended) and the Chuth Represenlatbon Rules120111. Under tharitable lawthe Mbe(S oflhe PCC arE the trust of the exe4pied thality. In th•se f4)anc4al Slatements. depenthJ the contex( mnIr$ ofth8 PCC scffjelm•s r8ferrnd lo as twustees. Charfty nam•: Parodw Clnrth CourKI ofth¢ Ecclp5ia5ka Parish ofst Clt wlth St Bamabas and R•glst•r•d offic•: St Clements VKarngè Klng Swwe LoThkn EC1V BDA OpBratlons address: Sl Laamerfs ItKarag• King SqLtor¢ EC1V 8DA chr. Troasyr•r. Secrntary. R•Wd DavJ ln Rwd Or Err&? Indep•nd•nt EXIntr. ATm5trong & Co chart8rpdAc¢Otty$ & SMutL¥yAu 4a Prfnling Hackney Roa Bankers: HSBC Bank plc 31 HolK Londm ECIN 2HR Th• CBF Church ol England FWNIS One Ary•l Lane LoThlon EC4R 3AB
Parochial Church Councll of the Ecclesiastlcal Parish of St Clement with St Barnabas and St Matthew, Finsbury. London {A Parochlal Church Counclll PCC Member5, Report for the year ended 31 Dectrmber 2024 The Twstee5. bging tho Paruchial ChLwch Counel ofthe Ecclesias1 Parish ol St Clement th Sl 8amabas and St Matthvw. Finsbury London. presenl Iheirreport tQgelhgr vfith the ffinl slatements for yeaf ended 31 ikcgrnb8r 2024. anda rniallon st Ckmenl's Church is 51tual8d Squwe. the Lcrfthi partdlh8 DvJe•se of Lonth)n qlhln lh• Church ol England. The cwrespfAKlence •Jthess b St Clernents IfiEJage. Klng Srware. LoThJon EC1V 8D At the balenc8 sheet rjale the Parochlal Church IPCCI wasa dwity excepied from wislraliDn wilh U Charfty Cemmtsslon. On 23 April 2024 ts PCC W85 lonnaly estered as a Cha1y. rMmb•r 1207970. PCC members have seNed betsn IhB 1st 2024 and thè dalè ofthe ol Ihi5 rnport arn: Ex4)fficlo Rewd David Alen (Incmli ClwJfthwardw Elalne Sbe[land Kw8ku Wlts8m dg Gr3ft Jrmson Sjrnd Elected m•mb•rs Rwd Dr Ernke Keule Ann Burgess Nigel Fletchèr IDean•ry SyTh)J Rep- May 20241 Shery Lxk8n Valerte Lang (Oèaw s Repl Calhertne Weir Str ov• and mana The appolntrnenl of PCC ts set out kn thé Churth Repweswalion RLl•& M wxthppw5 ¢ncoura9Ed lo wister on the 88ctoral Roll and St lor el8rJM to the PGC. Ob ¢tlv•$ •nd actlvlt1•5 The PCC share5 W1h th? knumb)t thwchwardBnS reSpCSty lor Trthole n4sslon ol ts Church wrthln Ihe patsh.11 also has respDnsii )ilty for th8 malntsnanc• and ol the church lyikkngs. Ihe thrth ham rnovaNe Church pwopety. Achl v8m•nls a anc• Chur¢h Att•Thlan¢• On 31st Mwrh 2025 Ihefe wre 84 rnefthrn on Churth Electral Rcl. the as tho pr•vb)us year. ITh 2024 the average Sunday altendance wa5 35 aLlulls and 5 clwldr•n. a ht deCr on 2023. In addllon. a livtr51rgarrd SBThice ol Spiritual Cc¢nmunion conlinved lo broadcast INe al 9.knm Ilwh the pwi5h'5 FaceboL and InstagrJrn pa9e5. Live attendaeS of the broad¢a5ts were low lh during th• •ady stages of the Covid Pandemic. Nevertheless. VieVng number eonunued lo be around 50 Ihrou9hout the yw. The tvoadcast was apprecialed by those Lmable lo atterKI in person. Easter Day and Chrfstmas Day K4a558s al 69 [j 56 re5wli¥ety aso remained s•JrifKanlly ltrhr Uwi prevPandernic figure5 lespecolly Easterl. Th8 failure ol the he8[j systèm in rnber 2023 has rAobably h•J ¥ffect on Ihp atteThJance through tha wini•r finIhS it was very cold ln Chh. The Chrislrnas SeThK• atlracted 70 •115 * childrerL A wlsh Chrt5bngle S8Nce also atlrac18d sèv8fdl lames on the Fourlh Sthjay ofAd%nL A nLmbèrol kxal and nurseries tJght a totsl ol over 250 chlldren and th81r famiks to St Clement'5 forChri5knas swes and 15 in Decefflber. fvUgh not well attènded, special semces such ag the NJI Sou15' Ma55 arml Ihe St Franci5ith Pel Bl•s4ng SeThKe brought on peopk from beyryjd tho usual wcr5hlppln9 comiunity. Th8 PCC mel a b[rsduring 2024 70% otterKlanrn. Cwreg8liDn VelS deueased a9aMI slYJhlty over the Jtar vaied W sldaY by SLwwJay. Dudng the year there Wèrè 1 baplism and 5 knerdls in ChCh. and one %%ddwy. Falher cOrKh 1 olh•r parish funeral elSBbyhe. A weekday prDgramme ofsludy. felhmhip, ar worshy continued lo evofve. huhJer8d by lack of in Ihe buildw. A very sm311 9roup of volunleers helped staff l)p8n Churth" on wednesda lO2pM continued lo alh)w a st8ady trickle of pèopl• lo sit the building for prayer. pasloral 5UPPQrt and apeC"0Tr of th8 tilding. A Missth Adion Plannlng group was lomied from lh8 PCC to reflect on our mtssI as'semng Cluth. aKI assisl Iho pl*%wYJ a pmgwme ofsiudy. le10hiP aTrJ worship throughout the year.
Parochial Church Council of the Eccleslastlcal Parish of St Clement wlth St Barnabas and St Matthew. Finsbury. London IA Paro¢hlal Chwch Counclll PCC Members. Report for the year •ndod 31 DKombor 2024 L8d by th8 IncuN8nl and chwchwarden4 m8mbw5 01th8 rra98 have c[1118d tD b8 Ytvolved in the care, deaning, and preparalh)n of th? ¢hurth lorwryghip. aThJ fcff assbUn9 In and We Continue to be deeply indebled to Rev'd Sr Helen Loder SSIA f( hèr 5UPPTht Sunday by Sunday. Sr. Pam Radford SSM'S U1que vabJalAe br Yrilh St Clernenl's KwJ5 Cbjb d85Wte th8 alldanc$ of lanmles with YOW chlhlren remalns foundational lo St CleTrI.5 lo knllies ¥th Jd11kfftaty, 're grntehj lo Fr Pèt•r Bèmhard for prodIng cover and lo Rev'd Dr Emke Keulen weath.ng th[DU the year. St Ckn8nt'5 Dyector of 51¢. Slgphen Office. also look on the formal wle ol Parfsh Adnnistsak, lakivJ the den ad[MI %pp)rbve tasks. In bolh reles he conlir4Jes to ènhance tha parish's rnWNstry. Sadly. despite ellorts by all invd¥ed. Lilue St Luke's la moniNy Suity aft8Ml chfid-Ctrad Eucharist based at St Luke's School) lalled to generate Ihe supptyl or Inte1 lo susiain it and wa5 (li5continued In th8 surnmer 012024. St Clemerst's also malnlaths a solid r•lalionship wth Inspirè ChurdK a Fresh Ewssion I0sed on the c sIt aa (which is now based at St Jams,, ckrkènwS Grèèfftl aloThJ rylh Ihe neghbourin9 parths ol Sl GHes'. Crty9ale aml OLW h)5t Holy Redeemer. Th8 use of the building lor rehearsals and c(mcerfs contiwed inrt at a rrMxlprethKed levd bBcause of Ihe lath ol hgating. Ythkh 11 serfously hlnder St Clement's mls%on and ministry as as th8 txxhknJ's use by local wps and paying cuslomorsll it is not tackhd. St Clèment's ChUh Pded pasloral carè llrfluiTry $1 of the and th& bereaved) and dbr$ell syants to MHIfvOdua15 and lamAi85 as well as chaities operaling in lh¥ UKarKI o¥w5? A¢knllwN thslthlw)n for asylum klS 5tawng in a I91 hotel was ISted in SL Clen1's. st Clem¢nt's ClwJr¢h Ha]1 LV) C•ntsal Str80t to be kt to UK a children's rKYswyccAnpany. Thè 2&y¢¥ lèasè pwde5 p1$h whh ILWerrn fInCIal vi)ility. Stcknient's. D7ing Ihè LondDn DiDC85an Furwj. seeks a long- term slralegy lor Ihe redevdopment of the ste for Ihe benefft ol the pwi5h and local neYboUrhC4)d. A rnalor prolect, supwNled by extemal fvrKlwwJ from the RKlwd Ch. the GwfKhJ West) Foundauon and th• Benefact Tru5L wa5 carnpleted on the Spwe Tower sicMwrMk al a tolal cost of£8300. Tho s•eond phasè olthè rèstoration ofst Clement's Church Organ a150 beg in the aulumn. der thB care ofTarquln Wlygin5. A delay ¢aused by Mrwlggln suslaSnlThJ an ankle Injuryln OctobBr mDart5 that tiws wciect is hkdy kn be wrled in 6wrMJ 2025. Dlscusslons conunued on a replacement heab"wwJ system lor the cmwch. wmbated by a kntainalility Prr4ecl ¥wisored by lh8 Richard Cloud8sley Charity for Islinglon parth clwxche5. A repryi by Inspred Effle1 ethmmissionèd by thè charily sugg851ed thal an air-source heal pump wrrtdd be the most ¥iable altemabve Sl Cbement'5 to a ga5-&W healing 5yStern. Majw Grants from RCC have enabled Sl clem1,$, vnkiry wrilh our QI aFthitectAyaka Taw lo commisswb a feaslbillty UdY Irom Cudd Bénd•y 4ssocl8te5 whkh report kn earty 2025. A new auknquonnial Repry¢ Is w du•. Th& finanual posi1Jn ofst Ckrnent's remained Ihe Year 2024 a small deficit. The incLTh frc¥n lh• r•nt ol thè Church H7Jl has rwowded a 50thd bas& Regular corWgalhM via thè Parish Gwing schern? r¢moined stable. The Income Irom the cdlects.ons durlng the seThices decreased compaT8d to 2023. amTrJ others due to IBSS thcome from coll•ctions held thjrfng luneral 5eNce5. Th8 incorne frun Ihe use ol Ihe Clwh by otsr grow de¢aSed due to the lack ol h•ating ovèr the vAnter month5. Sl Clernent'5 benefitted Imm generous sUprt lor maJLY pJECts as w811 a5 its daity Krk. The Ri¢h3rd Cloudesley Charfjty offed a grant of £54,000 fLw the WTe and TowEr Pro)Hcl and a an1 of £40.CKXI for the restoralh)n ol tho Organ. The Stire and Towet Pr(4ect was a150 SUF9ed by a gMt 01 £10,000 frryn Ihe Garfield We$lL•) FryffidalKJn and a grnrtt of£3.750 from the Benefad Tru5L A 9enerousd(ffiaiw of£6,1)JO wa5 made Ihe •Jthtional costs Iw thg restoration aThJ Its lulure maknlenance. The parish was atle to a Parish AdmYu51rrfor 6.5 hours per vRek from April Ihanks to a genérou5 donation 01 £3.753. The Sirwilllam J058ph Jordan Charity offwed a grant c4 £SOO kjr the 511PPOrt ol famlies and Inthwduals in the area. Thi5 was used lo fund the 9rants Ihal Sl QewMI's distMW5es to indi¥idua15 and farnilies through Ihp Vicarfs Dlscrelk)nary Funtt. Thls glves grants ol up lo E25 per applieaiTrDn for gWDcewiB5. ts3vel cards. ublity key and ca5 and other nac8ssltiaS paid for by th• ¢)n bthall ol Ihe •gFknL A iolal 01£625 was istrtKsed th"n9 2024.
Parochlal Church Councll of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsbury> London IA ph[al Clwrch Coundll PCC Members, Reporl for the year onded 31 D•c•mber 2024 Pubmc 8ene Sl Clements Nnstw benefits the publlc byway ot. regularMTh51w thal s open to all. the prDwsion ofsacred 5pac8 for perswl prayer And contsmplation, paslcrfal IwKlwYNJ the wlWn9 01 Iho •wJ the bereavedl l•achh¥ chrisNY through sermons, cowsès and smal groups. taki school assemtli•s. bym)tirffj Ih•vthole ofth• church through tts asslstanc• lo older people. parenls thldren. and SUFv>rtry ¢lwii Mi UK ty•sw. R•suIts for tho yoaf Th• r•$1$ ol th8 Period and nlaT Fosibon ofttrh• PCC • shrrAm kn Ihe financlal slatemenls. The Stat8menl of Flnancial Acti86 Sho n•t T•$¢$for ywof£4,692 ar lunds of£79.577. Res•Thfes Pollc St Cl8m•ni COnbnu•s ta hold a small rns•rv• lo IN• Mainten ofthè churth eonscious that vthlL81 rnalof repair projed lo the rool is now complglg. fwlher[k5 wkl th• ¢tffThing years. The PCC has established a tricted fvnd to tsdale and protect Sed lor lh2 repwof the organ. Ind• •ndenl Exam The Independent Examtiw. knthony Amistrrry FCA ofkn1 & Co. Chartered Ac[tsnts and Staiutory AudoTS. has Indiealed his llingneSS to be proposed for revapFK &Jproved by lh8 PCC on 26 April 2025 ¥#Y siJn¢d on Ihe l*ha¥Ly. Rewd Davld AIIBn. PCC Chalr
Parochial Church Councll of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew, Finsbury, London IA Paro¢hlal Church Cound Statement of PCC Members, Responsibilities for the oar ended 31 December 2024 nt f PCC mernbers. res slbllHI•s The PCC mefflbers are responsible for preparin9 the TIwe5 ReK¥%tand the fmaKial 5taiements in acwdance vith appllcable law Vnlted KlnsTrkni Accounikng sianLlts (Unled I(rydTh GwberalyAccepied Accnng Pradicel. The PCC rnernber5 are w#ied by law to prep¥• fKwicial èach f4)antial pÈrbJd whith gNe a Inje and fair View ol the financlal acuwtles ofthe PCC awwj oflts fu?1 ot the fjnd ofthal In preparMwJ those andal slal•m•nls the PCC m8rnbw5 are r8quir8d lo.. al Select slab accounting polcies and ath them ¢(lS1enty. bl Obsem th8 mathods and princ¥4es In the Charibes SORP". c) Make judgernents and estimates that are reason8 dl Follow applicable accounkng 5tandard5 and al¢mlS ol reciffi wactice. SLtyct to ary mat•rial departur•s disc105ad awKF explained in Ihe acrmnts: el Prepare the financial 51at8men15 on Ihe gJiryJ rnncem it is lo assume that PCC continu• in operauon. The PCC members are re5pon5NB IOT mairtaintThJ proper recryd5 wthkh dlscbse wlth rea%able accLwacy at any Iwne the financial position of Ihe PCC and lo enable them io ensu trRt th8 fffjwK3al slaterrthts coriwywith Ch*itiès Act 2011 and Ihe Church Accounting Regulaliorts 2(th. They are aL%o re5pwth IDf 5alBguardhJ the a55ets ofthe PCC and hen lor tsknng reasonable slaps lor Ihe pVent)n and delec0 offr aTrJ other wregul1ts8S.
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Bamabas and St Matthew. Finsbury, London IA Pwochlal Chur¢h CoundD Independent Examinevs Report to the PCC of Parochlal Church Council of the Eccleslastlcal Parish of St Clement wlth St Barn I report on the aCcoofpa[¢th Churth C¢xuKI ollhe E10$$ P¥¢h Of St C1Tlth si Bamab•s St Matth8w, Finsbury. London lor tho perfod from 1 Jary 2024 10 31 December 2024 set oul on p3ge$ 9 k> la. w report 15 in re5P8Ct ol an éxAmin8tion Carried out in accordance ilh the Churth Regulations 2006 Clhe Re9ations.) and the Chanties Act 20111 Ihe cha85 Acr i. Thls r8p(t L8 made s01Y to th8 mwnbws of ts PCC as a br•ty in accrydm Mth section 145 01 Ihe Charrbes kl ond regulattons rnad• und•r section 154 ofthat ACL Kty •xanw4tK)n has b8•n ortak•ft so that I mlJhtslate io the PCC mernbgrg those matt•fs 1 orn rwir•d lo sktè to Ih•m in indèpend1 •xam$ i•pcrft and r0 otrr Pu0$e. To the lullesl extent pgrmltted by law. I do not arxept or 8554mg responsilxlty io an olh8w than Ihe PCC and its m8mber5 35 a bLKty. lor my •xaminalkJn, forlhis reporL or lorthe opinions I have lomRd. R¢$pectlv• responslbllhles of members of tho trus10•5 and •xamln•r As described on pa9e 7. as PCC rnember5 you are reSpble for thè weparatitin otth• aetcths. and you ttsid•r that an audit 15 not required lor Ihls y&ar undortho Regulaur$ oi under se¢lM 144(21 ol Ihe Charitye5 Acl IhJt an W9p9ndeTrl eyAminalion Is neèded. It 1$ my SponsIbl11ty io.. al ey2rniM Ihe accounts urKJw sactioft 145 ol the Ch•thes bl tts lollow the procedures lad d(mn kn the General Dweclkn by IhE Charfty Conynissth undor sedk>n 14515Mbl oflhe Charities Aci.. afKI cl lo Slate whether partKthr matt8f5 have comè to my allenlth. Basls of Independent examlnorfs r•wt My examSnaiw was rried gut in accordawTr Ih8 general DwliDn5 g¥v8n by Ih? Charity Cowrrni55h?n. An examinatiDn Indudes a miew ol Ihe accounlkng records kepl by the drity and a ofthe accounts presented ith those records. 11 also include5 consid8faliDn ol unusual items or disdosus in ts accounts. Seefig explanatsons from the ITuslees 08m1ng any such matter5. The procedures undertaken do not provlde al Ihe edence that be requlred In an audlt. and cOnsequenY no opin¢on is gNen as tOfhth8ther th? acDMts we1 a Irue law ¥7 ¥J the reFtrt is Iwnited to Ihoso maltars set oul in the slaternent bel¢M. Independent examlnorf5 Stat•mpTht In connection rny examination. no mat•rial maliws ha com• kn my alltion giws m• caus• to thal In, any rnalerial SPect.. • thg ac¢ounliThJ record$ w•r• not k•pt rn accordarth Tilh se£llon 130ollhe chan.lies ACL. • the accounls dld not accord lh• aecounlSng r•ctyds'. or Ihg accounts dhd nol comply wilh the appbcablB reqwernents cc¥m the form and conlent ol accoL¥)ts sel oul k) the Charilies (Accounts and Reports} Regaon5 2008 olhBrthan re1Ment Ihat the accoLwts grve a'true and fairf vw ich is not a malter c0Thdered a5 partol wKlepErwJenl exathlim. I have come aryoss no olher matier5 In ConnecOn lIh the eX0m¥tjn 10 TA** lenbon sh1 bo tr•wn in this r¢port in order 10 8nat18 a proper undersiaMJing ol lh• accourts to bo r•xW. Anlhony Amistrong FCA of Amistrong & Co 4a Pthllng Yard Hackney Road London E2 7PR Dal•d: 26 Aprll 21125
Parochial Church Council of the Eccleslastical Parish of St Clement with St Barnabas and St Matthew, Finsbury. London IA PawN•l Chur¢h COWKIII Statement of Flnancial Activities for the ar •nd•d 31 December 2024 2024 2023 Tol•l Fund* Tolal Fynd¥ Fd¥ FuThd¥ Notss Incorn• from: Donahons and legacies Other Irad9 Inve5trnents other 21232 135.174 156.406 74.956 1.852 193 31.0S9 70.997 1.055 1.744 1,852 4.692 3.SOI Tot•1 kn¢om• 141807 241,407 104.85S Expenditure on.. Charitsl)le •cllvlties 152.273 24Q099 101.839 Tot expendIr• 93,126 152273 246,099 101.839 Not Incomolexp8ndltur•l and rnovem•rt In fvnd• 4.TT4 19.4661 14.6921 3,016 Transf•rs b•lw•en tund5 17 11.9241 1.924 Not movernent In lunds 2,B5Q (7,5421 14.6921 3.016 Rteonclllatlon of funds: Total brought fonvard 12 59.874 24,395 84,289 81.253 Total funds carrfed farw•rd 12 62.724 16M53 79,577 84.209 Tho accompann9 acmIl[¥j po1Th5 and note5 1(wm an inlewal wt ol ihe5e stsiwmgnts.
Parochlal Church Council of the Ecclesiastical Parish of St Clement wlth St Barnabas and St Matthew, Finsbury, London IA Parochlal Church Counclll Statement of Financlal Positlon as at 31 December 2024 31 DebOr2024 31 Dec8fflr 2023 Current ass•ts: 08btor5 Cash at ba and In hand Total cumnt ass•ts 2,879 81.673 84,S52 2,334 84,65a 86,992 10 CredlEors: amounts I19 du• wlthln one ar 11 4.975 2.723 Nit cuvrent ass•ts or IlablHtIos 79.5TT Tutal n•t ass•ts 79.577 84.269 The lunds of th• charlv. Re5trbCted fvnds Unrestricted funth 15 12 16.853 62.724 24.395 59.874 Total ehlrlty lunds 12 79.577 84.269 ApprDv•d by the PCC on 26 Awll 2025 and slgned on th•lr IKh•if by. Re¢d D•vld Aller4 pccknalr Th• notss on paq•s 12 to 18 lomi part ofth•s•xcounl& P•10
Parochlal Church Council of the Ecclesiastical Parlsh of St Clement with St Barnabas and St Matthew. Finsbury. London Parh1•1 ChuY¢h C•un¢U) Statement of Cash Flows for the year ended 31 December 2024 Not•$ Z024 2023 Cash flows Irom OPefatlThA acllvltley: Nel cash wowded by (used In) opwJlw¥J a¢*viJes 4,837 Cash Ilows frorn knllng 4¢11¥111•$: Diwdend5. interest and rerts fwDm investm 1.852 N•t Cash pro¥ld•d by{used In) Inv•stlng adlvl 1.B52 1.055 Chang• In cash and cash ewl¥alenls In thv vepwdng porlod Cash and ¢ash gqUlvents at tha baglnnlng of th• reportlng perfod Cash and ¢ash •qui¥al•nts at the end of the r•porth¥J perlod 12.985) 6.615 84.658 e1.673 78.043 84.658 2024 2023 1 Reconclllatlon of not Incom{eXpendltUWe to n•t¢ash Ilowlroffl operallnq acdvltles N81 incornel(expendiiurel lorlhe reFortyThJ pwbjd (as per the statenwrt of finaKial actilIe$l {4.6921 3.016 Adjustrnents for. Dwidands. inièresi rents fmm irNestments Ilnueas8ydeereas• kn debitsrs Inueaselldacreasel in crBdiltys 11,8521 (5451 2,252 11,0551 2.252 1.347 N•t eash prnvOd•d by {us•d In) op•w¥tkvJ adl¥lll•¥ 437 5.560 2024 2023 2 Analysh af cash and rAsh wilvalents Cash In hand 81.673 84.658 To¢al ¢ash and Gash •qulval•nts 81.073 84.658
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsbury. London IA knchlal Church Counclll Accountlng Policies for the ar end 3108rnr 2024 1 AccountlnB pollcl•s Basls ol pr•paraUon The finanoal slatements have been prepared kn cCdan ilh: 81 Wicable UK accouniing standards. incknng Financial Slardwd 102 IA Smaller EniW95 Tr Financval Rewhng Standard in the UK and R8Wc of knlarwj IFRS 1021,. 1021,. bl AccDunlw)g and Reporb"wJ by Chwib"8s: Stal8m8nt of Recomm Prnctice applit8tr1è 10 ehariii•s prnpivJ thdr accaunls In accordance Ihe Financial Reportkng Sland¥d apFabb In the UK Rwublic of Ireland IFRS 102) leffeclive l January 20151- (Chari•S SORP FRS 1021: c) tho ChariU•$ Aci 2011. dl The Churth ArUting Regulotion$ 20C6. Publlc l>enefftt antity Th8 tharity m••ts the ola b•n•frt enuty wxlerFRS 10Z Golng concorn Thèrè ara no mat•rial unc•rtAintt•s abrArt th• chwltys aty to c(ffllY4Je and Ihe ac¥ounts ha prepared on a going con¢8m boSi$. Incom• T•eognltlon Voluntary income and donakns Ilncludi)g legaclesl we acoNnted fOr0e th8 PCC has Èntill8ment to Ihe Incomo. It Is probable the inco be received and Iha amount ol l¢OMe receivablo can be Ida1Y rnea$w. IncLYne Iroffj Ihe Tecovery of tax on glft aSded d0ftalK5 15 accounled tronca lh& applicalJn io HMRC has b••n mad8. Grant incom• Is recogni58d on a recefv)k basls. ThB income frcth Iradmg ac111119$ inclMle$ rental i1orne from Ihe ofthurch pr•MIs and fr••hold land and building5 4IMch 15 accounted lorvthen fe¢elved. It is shoym gross. th Ihe a5soualed cosis included in funthalsir¥J cost Interesl on fvnds held on deposit is ilUd then reeewat4e and the anx1 can b• m•asured relblY by the charity.. Ihls is nOmilY upon nobflcallon of th& kJiare5tpaid or payable by ba. ExpendRuT• recognitlon Expendltwe is awued 09 a$ ¥ rObllY is wbabbfr, a¥J Iho a)wil oIct41h can be measu1 r•lbly. Longer temi Ilabilits a thscounled lo vkn. The PCC 15 nat reL451ewBd forVAT aKI acriJwdin¥y experIlur• Indud8s VATwthere awopriate. Expenditure Inckn¢Jed kn Flalthg Funds kndvdes Wr•)15 wred in thvmng ants aThJ 0#0)nationS WDpe mAinl#Tre eosts. Charitsblg expBnthluwa iwKludes those eosls expeThJed kn frj PCCs rxirxyat obiecls. 35 wuined in the Rort ol Ihe PCC. These inthde granls Pae. govemarKe costs arml an appNIKx)ment ofsupixl costs. Grants payable we Paents de to thlrd parts95 In Iwtherm oftho PCC'S 04ects. In thB case ol an uncondStional grant off•r thls is accnth¢J onc• th• r•ient has be rbjtified ol lh8 granl award. The rwJlifKion gN8S th? rlplent a reasonable exp8Ctaiion that thty r•teive Ihe grnnL Ihat we sublecl to the reclpieN ttAfillirvJ perfomaA conthbons a only the recwt has been nDITfied ol Ihe grydnl and any MaInj unfijifilled conthdon attachlng to Ihat grnnt15 •JtshJe of tl c(mlrol of th8 PCC. Govemance CDsts compriso al c051s involving Ihe pubk acc&bIlity ol the PCC it5 ¢ompkance With re9110 a1 good pra¢ke. These c05t5 Include costs related to th8 iTraepeNJeni •XamInaOn legal fees. Ren$ under operating le0505 we ¢hargtyJ 0$ 0¥8r Ihè twm oftr£ kase. R•5trfctsd Funds Restricted I)$ are lo be used $pedr purposes as la1 do by the tunder. •MI sypport •xpwMliiur which meels Ihese criteria aw8 Idenried to Ihe tegethervAh a f*aU0C1 ofotlw c4515. Unrnstrfthd Funds Unrestricted luwKts recdved ha¥8 no restric rlaced on Ihuw us•and w• avalat4e as g8n8NI lunds. 0•$1onat•d Funds DesgThatad fvrnjs are unrnstrict8d fuNls •¥mad by tr1•5 for P4B 12
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Flnsburyi London IA Pam¢hlal chu CounclD Accounting Policies for the ear ended 31 D•¢ernb•r 2024 Tanylbl Flx•d Ass•ts Cons•ual•dPmp•ty and PAMabl8 CIMMth Fumislungs Consecralfr¢J land and bènèfts propty such as the churth IM4(lThJ and vKarnge is exrthKknd frTh Iho acccwJnts in a¢cordancè wth $10 01 the Charities Act 2011. Moveable c1xh eonlenls are held by Ihe Vicarand GIr£hWardenS OTr special tru51 the PCC and rewrf• a facw tordisposal arn actmIed a5 hnali8nable property unless consecrated. •ynditur# incurréd on eonsecral8d or benef8 buildin9s and mo¥eaNe ctrMJch I¥$hOrs. wthelher rnaint•nanc8 or ovement. is exSed wlllmn the Stalemenl ol AcbW•s. Pag• 13
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew, Finsbury. London IA Pam¢hlal Chwch CouncMI Notes to the Accounts for the •ar ended 31 D•c•mber2024 1 Incomlng IoUrCeS The inconvng wesources aThl surphB we attthAable to Ihe aCtiUeS oflhe clwty. 2 N•t out9¥ T•soure•s Net oulgolng resou5 a slated aftercharyuy.. Independent Exarnine fees- Iryjependent ExaMkuu sw¥$ Ind8p8Ni•nt Exan•1S f••s. Other s•Nics X124 2023 648 PCC M•bthrs' •molum•nts Ernoluments Include salaii8s, f••s bonus•s. •)pens• alkwS and •stimal•d rb<ash b•n8rrts r•c•Nablè. Al PCC m8rnbers serv8 in a volun capaoty and do nol receiw paymenlfwth& 59fViC¥S. 2024 Total 2023 Tolal J Incomg from donallons legaclq% Planned gtying- Parish Skwe Collacorts al seICeS All other giving & voltary W8e4ip GIftAld reco¥ered 3.753 201 6265 12.246 7,807 7.348 4.150 124,655 8,141 9,560 2,410 4,618 fj,330 31,059 4.150 124.855 2024 Total 2023 Total 4 Income from othv tradlng a¢llvStl•s UnrAStrIGl Restrkt•d Hall renl Church renl F8es r8lain8d by PCC 69.333 3.460 1,074 69.333 3,460 2,163 74.956 Thr7 70. 63,898 6,145 2024 Total 2023 Tolal 5 In¢omg InsIMS InvestMt inc4Jrr*.'Inlerest receivab 1.852 1.852 1.055 1.055 ZV24 Tothl 2023 Total 6 (Xhgr Inwm• Um5trkt•d Rtstrlct•d Other Incom• 4.692 8,193 1.744
Parochlal Church Council of the Ecclesiastical Parish of St Clement wlth St Barnabas and St Matthew. Finsbury. London IA ParKhlal Church Coun¢lll Notes to the Accounts for th• ended 31 Dmber 2024 2024 Total 2023 Total 7 ExpendStyr• on ¢horltsbl• acUvltl•• Mission giving & donations Dlocesan parlsh shartr tonlrfbuuon Asslgned fees Salaries, wages & honornia ctergy & staff eypenses chh nmning expenses Church ublily bill$ othèr•xpendilure Majc¢r•paits 10 churth IxMkUn9 590 0.0 1,089 1.239 60.000 1,089 4A06 625 300 S.1(W) 1,878 21.543 4.487 228 5.100 2.760 19.874 7,051 19 5.796 101.8 2.S03 21,843 4,487 228 145.753 145.7S3 Stsff Gosts 2024 2023 S¢aff salaries 3.S87 No remuneration was lo any Twu5tee orthew3550fAth forsgriw the y ended 31 December2024 nor lo 31 December 2023. Debtor: Jmounlg tsllry du• wlthkn on• 2024 2023 A¢¢rued incwe 2,879 2,334 10 Bank 5fv In hand 2023 CCLA or9an accounl CCLA labdc ac£cwJnt HSBC current acctyffil 16,186 24,315 41.172 81.673 11.799 23.089 49.770 11 Cr•dltors: amounts falllnp wlthln on• 2024 20ZJ A¢¢n*d expenthlyre 4,975 2.723 Cl¢¥slng b4aDc• 12 Th¢ funds oftho Gharty. Gurrent pprlod svd Restrfcted income funds 24.395 142.807 {152.2731 1.924 16,853 Designaled lunds General fund5 Total unrpsliTCtedfunLIs 10.000 10.0(KJ 52,724 62.724 93.828 193.8261 1.924 {1,924 59.874 98.6L)) 241.407 rI 1246, 79.577 Pag• 15
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew, Finsbury. London (A Parochlal Church Coundll Notès to the Accounts forthe •ar •nded 31 December 2024 13 Th8 lund$ of th• charlty. wlor p•rlod balnc• lun Re5tTiCted Ineornè funds 23.314 9.429 19.0421 24.395 Deslgnated lunds General funds Tolal unrnslridedlunds 10,000 10,694 694 10.000 49,B74 59,874 92.797 192,797 57,939 95,426 81.2 104.B 84.269 Oynlry Clg51ng b•l•n¢• 14 Dgnle funts od dJuskn•nts Fabric fur 10.(M)J 10.0 iFabrfe fund On 4 Marth 2023 thtr PCC apwDved a trnnsfer of£10,000 io a Fabric fund èstablishèd for the rep3r aThJ re51owalim of ChLWfh. Clotskn 15 R?J¢rl¢ted fvnds: current pwlod Marria98 and Fra1 l•¢s Fabri¢ Fund Prolecl Lie St Lte.$ Slr Wllllam Joseph Jordan In5urancE claim Organ Fund Parish Adrninistralor 1.089 97.217 919 625 6,436 42,4 3.587 9.837 1.799 81 125 1.744 11,814 47.192 3,753 16,6( 166 16.8 24.3 ¢105kn9 16 Rostrict•d ld$. prfor p•ilod •xp•nd•d •dJuthi•nts Duntoe Cent Fabrfc Fund Prfect Uthe St Luke's sulanco dalm Oryan Fund utility sUpt grant 9.314 6,319 5.796 9.637 1.744 1.744 11,814 2.55Z 23.314 2,552 9.042 9.429 694 24.395 P48 16
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsbury. London IA Parnchlal Church councll Notes to the Accounts lor th• èar •ndod 31 Dmber 2024 Re51rlct•d funds {contlnu•d) Projects financed by 81cted luts we sworted by urweslrtcled knding whw• reess&y. Thls occurs lh• lunding 15 In ararS or Ihe Inrjdence o18xpondknre the projed occ5 di5pwrtiona181y at the bellning tslthg compared to the Income flow5. Whore restsicted prW eThJ Ihe )Yar ilh a dew Ihis is met by after orend restrided wKome or tsansle Irom unrestricted funds. N4rn• of R05trlct•d Fund Marrl3ge and Funeral fe•s Dunlo• Centr• Fabrfc Fund Purpos• ol r••trfcl•d fund The asswd fees that IhE Pawish pay5 to the Lond1 Dh?ce58 Fund. Spec¢ cdleclK)ns for the tkntoe CAntr&. Fund sel up In 2005 to rece1 gwant5 and thnalJB towards the 2008 pr4ect for malor rep8ir5 to Sl Clern8nVs clmxch roDf. The lo re¢esve grants and dDnations Used malor FKolecls to the FaixK svch as Ihe recenlTo%%tr and S&xro ProlpcL' f(¥ regular malntenance.. and loi emwgency •pas For Ihe roDI. wa115 and a550cialed church fabrfc O.8. Roof raMhvat8rgoc4s and assrtiatèd (knsl. GIt from Fell¢Jw5hlp Haij to support Ihe tsmly al St Lthe's Prlmary Schc4Jl ITh collaboralion ilh St Gles. Cripplegale Church. PTo]•¢t LItt st Luk•'s Slr Wllllarn Jos•ph Jorda Ch8rfty Insurance clalm Oryan Fd Fund set up in 2011 to raise lunds for the urgent repa and mainlèThane• of St CltrnenV$ hist(¥iC"FathorWl. or9. hkni?5 ar8 for Ihe repair F0j1. 855oGialed ¢05ts and fulure malnkna1e of the wgan. Dunab"un fDr appThnting a Parish Adrrinislralorfor 6.5 Ir5 per wet Grant frrm the Borough of hlington lor church op8n¥wa on W•d$dayS over Ihe nter Parlsh Athnlnlstrator Utlllty 5UPPOrt grant General Deslgnated Restrlcl•d Endowm•nt lunds funds 1,924 1.924 17 Transfers belween lunds Genernl to iestiicted Tolal 1.924 11.924) The fund transfer represenls over¥ertds on restiided hMKls that ha¥e been cOved by 9enernl lunds. Gemral Desl9nal•d R•strlct•d Endowm•nt lunds fund5 fund5 fund 1D Net Set5 attrlbutable to lund5: current perlod Total Cwrenl assets Current liabiliti85 Nel assels repre5eTrt•d by fu$ 57.699 4,975 52.724 10.rxM) 16.853 84,552 4.975 79.577 10.C#)] 19 Ngt asjets attrlbutsbt• to fvnds: prlor p•rhxl fvnds lunds Total Current assels Current I11e5 Net &ts represented by 52.$97 10.000 24,395 86.992 12,723 84.269 49,874 10,fKJD 24.395 Py17
Parochial Church Council of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew, Finsbury, London IA Parochlal Chwch CounGID Notes to the Accounts torthe ear •nd¢d 31 D•¢•mber 2024 20 T•xatlon The PCC ts an ewepted charity. Accordhwjy. 11 15 exenylfrom laxa11 In respecl oflncome caplw lo the extent thal thès8 a applied to ils charilatle 014ucts. 21 Post batsn sh•et ev•n15 Thefe were no 5WificapA ba sh8el e¥enls. 22 Contlnoent Ilablllll•s The PCC had no material eonltrynl lablltEs at31 Decthther2024 r#)r at 31 Oe¢emr 2023. 23 Rl)l¢d partl•$ Ourlng Ihe year the ofthe PCC Ihw related parfs made wegate of£14,50012023.' £6.8001. 14 Glfts In klnd and wolunt•• During the year Ihe PCC beneIe from Iiipabj pethYM bYrdeets. P•3• 18