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 In10rn￿1l0n 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 PaK￿l￿al 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 M￿be(S oflhe PCC arE the trust￿ of the exe4pied thality. In th•se f4)anc4al Slatements. depenthJ ￿ the contex( m￿nI￿r$ ofth8 PCC scffjel*m•s r8ferrnd lo as twustees. Charfty nam•: Parodw Clnrth CourKI ofth¢ Ecclp5ia5ka Parish ofst Cl￿t 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 ch￿r. Troasyr•r. Secrntary. R•Wd Dav*J ￿l￿n Rwd Or Err&? Indep•nd•nt EX￿Intr. ATm5trong & Co chart8rpdAc¢O￿t￿ty$ & 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 ffin￿l 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 ￿e￿stered as a Cha1￿y. rMmb•r 1207970. PCC members have seNed bets￿n IhB 1st 2024 and thè dalè ofthe ol Ihi5 rnport arn: Ex4)fficlo Rewd David Alen (Inc￿m￿li ClwJfthwardw Elalne S￿be[land Kw8ku Wlts8m dg Gr3ft Jr*mson 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 Repwesw*alion 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 W￿1h th? kn*umb*)t thwchwardBnS reSpC￿S￿ty 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 deC￿r￿ on 2023. In addllon. a livtr51rgarr￿d SBThice ol Spiritual Cc¢nmunion conlinved lo ￿ broadcast INe al 9.knm Ilwh the pwi5h'5 FaceboL* and InstagrJrn pa9e5. Live attenda￿eS of the broad¢a5ts were low￿ lh￿ during th• •ady stages of the Covid Pandemic. Nevertheless. VieV￿ng 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 ltrh*r 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 fi￿nIhS it was very cold ln Ch￿h. The Chrislrnas SeThK• atlracted 70 •￿115 * childrerL A wlsh Chrt5bngle S8Nce also atlrac18d sèv8fdl lam*es on the Fourlh Sthjay ofAd%*nL A nLmbèrol kxal and nurseries t￿Jght a totsl ol over 250 chlldren and th81r famiks to St Clement'5 forChri5knas sw*es 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[r￿sduring 2024 70% otterKlanrn. Cwreg8liDn ￿VelS deueased a9aMI slYJhlty over the Jtar vaied W sl￿daY by SLwwJay. Dudng the year there Wèrè 1 baplism and 5 knerdls in Ch￿Ch. 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￿ lO￿2pM continued lo alh)w a st8ady trickle of pèopl• lo sit the building for prayer. pasloral 5UPPQrt and ap￿eC￿"0Tr of th8 t￿ilding. 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. le10￿hiP 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 IncuN*8nl and chwchwarden4 m8mbw5 01th8 ￿r￿ra98￿ have c[￿111￿8d 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 U1￿que￿ vabJalAe b￿r￿ Yrilh St Clernenl's KwJ5 Cbjb d85Wte th8 all￿danc$ of lanmles with YOW￿ chlhlren remalns foundational lo St Cle￿￿TrI.5 lo knllies ¥￿th ￿Jd11kfftaty, **'re grntehj lo Fr Pèt•r Bèmhard for pro￿dIng 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 Adn*nistsak*, 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-C￿trad Eucharist based at St Luke's School) lalled to generate Ihe supptyl or Inte￿1 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 I0￿sed on the c￿ sI￿t a￿a (which is now based at St Jams,, ckrkènw￿S Grèèfftl aloThJ *rylh Ihe neghbourin9 parths ol Sl GHes'. Crty*9ale 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 ChU￿h P￿￿ded pasloral carè llrflui￿Try ￿$1￿￿ of the and th& bereaved) and d￿b￿r$ell syants to MHIfvOdua15 and lamAi85 as well as chaities operaling in lh¥ UKarKI o¥w5?￿ A¢knllwN thslthlw)n for asylum ￿k￿lS 5tawng in a I￿91 hotel was I￿Sted in SL Cle￿￿n1'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 p￿1$h whh ILWerrn fIn￿CIal vi*)ility. Stcknient's. *D7*ing Ihè LondDn DiDC85an Furwj. seeks a long- term slralegy lor Ihe redevdopment of the ste for Ihe benefft ol the pwi5h and local neY￿boUrhC4)d. A rnalor prolect, supwNled by extemal fvrKlwwJ from the RKlwd Ch*. the GwfKhJ West￿) Foundauon and th• Benefact Tru5L wa5 carnpleted on the Spwe Tower sicMwrMk al a tolal cost of£83￿00. Tho s•eond phasè olthè rèstoration ofst Clement's Church Organ a150 beg￿ in the aulumn. ￿der thB care ofTarquln Wlygin5. A delay ¢aused by Mrwlggln suslaSnlThJ an ankle Injuryln OctobBr mDart5 that tiws wciect is hkdy kn be wr*led in 6wrMJ 2025. Dlscusslons conunued on a replacement heab"wwJ system lor the cmwch. wmbated by a kntainalility Prr4ecl ¥wisored by lh8 Richard Cloud8sley Charity for Islinglon parth clwxche5. A repryi by Inspred Eff￿le1￿ ethmmissionèd by thè charily sugg851ed thal an air-source heal pump wrrtdd be the most ¥iable altemabve Sl Cbement'5 to a ga5-&W￿ healing 5yStern. Majw Grants from RCC have enabled Sl clem￿1,$, 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 posi1￿Jn 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 sUp￿rt lor maJLY p￿JECts as w811 a5 its daity Krk. The Ri¢h3rd Cloudesley Charfjty offe￿d 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 SUF9￿ed by a gMt 01 £10,000 frryn Ihe Garfield We$lL•) FryffidalKJn and a grnrtt of£3.750 from the Benefad Tru5L A 9enerousd(ffiaiw of£6,1)JO wa5 made Ihe •Jthtional costs Iw thg restoration aThJ Its lulure maknlenance. The parish was atle to a Parish AdmYu51r*rfor 6.5 hours per vRek from April Ihanks to a genérou5 donation 01 £3.753. The Sirwilllam J058ph Jordan Charity offwed a grant c4 £SOO kjr the 511PPOrt ol famlies and Inthwduals in the area. Thi5 was used lo fund the 9rants Ihal Sl QewMI's distMW5es to indi¥idua15 and farnilies through Ihp Vicarfs Dlscrelk)nary Funtt. Thls glves grants ol up lo E25 per applieaiTrDn for gWDcewiB5. ts3vel cards. ublity key and ca￿5 and other nac8ssltiaS paid for by th• ¢)n bthall ol Ihe •gFknL A iolal 01£625 was i*strtKsed th￿"n9 2024. Parochlal Church Councll of the Ecclesiastical Parish of St Clement with St Barnabas and St Matthew. Finsbury> London IA p￿h[al Clwrch Coundll PCC Members, Reporl for the year onded 31 D•c•mber 2024 Pubmc 8ene Sl Clements Nnstw benefits the publlc byway ot. regularMTh51w thal s open to all. the prDwsion ofsacred 5pac8 for perswl prayer And contsmplation, paslcrfal IwKlwYNJ the wlWn9 01 Iho •wJ the bereavedl l•achh¥ chris￿￿NY through sermons, cowsès and smal groups. taki￿ school assemtli•s. bym)tirffj Ih•vthole ofth• church through tts asslstanc• lo older people. parenls thldren. and SUFv>rtry ¢lwii* Mi UK ty•sw. R•suIts for tho yoaf Th• r•$￿1$ ol th8 Period and ￿n￿laT Fosibon ofttrh• PCC *• shrrAm kn Ihe financlal slatemenls. The Stat8menl of Flnancial Acti￿￿86 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 Aud*oTS. 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 TIw￿e5 ReK¥%tand the fmaKial 5taiements in acwdance vith appllcable law Vnlted KlnsTrkni Accounikng sianLl*ts (Unled I(ryd￿Th GwberalyAccepied Acc￿n￿ng 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 s￿lab￿ accounting polcies and ath them ¢(￿lS1enty. bl Obsem th8 mathods and princ¥4es In the Charibes SORP". c) Make judgernents and estimates that are reason￿8 dl Follow applicable accounkng 5tandard5 and *al¢m￿lS 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 p￿Vent￿)n and delec￿0￿ offr￿￿ aTrJ other wregul￿1ts8S. 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 aCco￿￿ofpa[¢th￿ Churth C¢xuKI ollhe E￿10$￿$￿ P¥¢h Of St C1￿￿￿T￿lth si Bamab•s St Matth8w, Finsbury. London lor tho perfod from 1 J￿ary 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 Re9￿ations.) and the Chanties Act 20111 Ihe cha￿85 Acr i. Thls r8p(*t L8 made s￿01Y 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 ￿ indèpend￿1 •xam*￿$ i•pcrft and r*0 otr*r Pu￿0$e. To the lullesl extent pgrmltted by law. I do not arxept or 8554mg responsilxlty io an￿ olh8w than Ihe PCC and its m8mber5 35 a bLKty. lor my •xaminalkJn, forlhis reporL or lorthe opinions I have lomRd. R¢$pectlv• responslbllhles of members of tho trus10•5 and •xamln•r As described on pa9e 7. as PCC rnember5 you are reSp￿￿ble for thè weparatitin otth• aetcths. and you t￿tsid•r that an audit 15 not required lor Ihls y&ar undortho Regulaur￿$ oi under se¢l*M 144(21 ol Ihe Charitye5 Acl IhJt an W￿9p9ndeTrl 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 Dw￿liDn5 g¥v8n by Ih? Charity Cowrrni55h?n. An examinatiDn Indudes a miew ol Ihe accounlkng records kepl by the d￿rity and a ofthe accounts presented *ith those records. 11 also include5 consid8faliDn ol unusual items or disdosu￿s in ts accounts. See￿fig explanatsons from the ITuslees 0￿8m1ng any such matter5. The procedures undertaken do not provlde al Ihe e￿dence that be requlred In an audlt. and cOnsequen￿Y no opin¢on is gNen as tOfhth8ther th? acDMts we￿1 a Irue ￿ law ¥7￿ *¥J the reFt*rt 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 all￿tion giws m• caus• to thal In, any rnalerial ￿SPect.. • thg ac¢ounliThJ record$ w•r• not k•pt rn accordarth T*ilh 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} Reg￿a￿on5 2008 olhBrthan ￿ re￿1￿Ment Ihat the accoLwts grve a'true and fairf v*w ich is not a malter c0Th￿dered a5 partol ￿ wKlepErwJenl exathlim. I have come aryoss no olher matier5 In Connec￿On ￿lIh the eX0m¥￿t￿jn 10 TA*** *lenbon sh￿1 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¥ F￿d¥ FuThd¥ Notss Incorn• from: Donahons and legacies Other Irad￿9 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￿ expendI￿r• 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 accompan￿n9 ac￿mIl[¥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 De￿￿bOr2024 31 Dec8ffl￿r 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 I￿1￿9 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 Par￿h1•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•$: Diwdend5. interest and rerts fwDm investm 1.852 N•t Cash pro¥ld•d by{used In) Inv•stlng adlvl 1.B52 1.055 Chang• In cash and cash ewl¥alenls In thv vepwdng porlod Cash and ¢ash gqUlv￿ents at tha baglnnlng of th• reportlng perfod Cash and ¢ash •qui¥al•nts at the end of the r•porth¥J perlod 12.985) 6.615 84.658 e1.673 78.043 84.658 2024 2023 1 Reconclllatlon of not Incom￿{eXpendltUWe￿ to n•t¢ash Ilowlroffl operallnq acdvltles N81 incornel(expendiiurel lorlhe reFortyThJ pwbjd (as per the statenwrt of finaKial acti￿lIe$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•¥ 4￿37 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￿ 3108￿rn￿r 2024 1 AccountlnB pollcl•s Basls ol pr•paraUon The finanoal slatements have been prepared kn ￿cC￿dan￿ *ilh: 81 Wicable UK accouniing standards. inckn*ng 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 prnp*ivJ thdr accaunls In accordance Ihe Financial Reportkng Sland¥d apF*abb 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 Ar￿U￿ting 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 a￿ty to c(ffllY4Je and Ihe ac¥ounts ha￿ prepared on a going con¢8m boSi$. Incom• T•eognltlon Voluntary income and donakns Ilncludi)g legaclesl we acoNnted fOr0￿e th8 PCC has Èntill8ment to Ihe Incomo. It Is probable the inco￿￿ be received and Iha amount ol ￿l¢OMe receivablo can be Ida1￿Y rnea$w￿. IncLYne Iroffj Ihe Tecovery of tax on glft aSded d0ftalK￿5 15 accounled tronca lh& applical*Jn io HMRC has b••n mad8. Grant incom• Is recogni58d on a recefv*)k basls. ThB income frcth Iradmg ac11￿1119$ inclMle$ rental i1￿orne from Ihe ofthurch pr•MIs￿ and fr••hold land and building5 4*IMch 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 i￿lUd￿ ￿then reeewat4e and the anx￿1 can b• m•asured rel￿blY by the charity.. Ihls is nOmi￿lY upon nobflcallon of th& kJiare5tpaid or payable by ba*. ExpendRuT• recognitlon Expendltwe is awued 09 a$ ¥ rOb￿llY is wbabbfr, a¥J Iho a)wil oIct4*1h￿ can be measu￿1 r•l￿bly. Longer temi Ilabilit*s a￿ thscounled lo vkn. The PCC 15 nat reL451ewBd forVAT aKI acriJwdin¥y exper￿Ilur• 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 f￿r￿j PCCs rxirxyat obiecls. 35 wuined in the R￿ort ol Ihe PCC. These inthde granls Pa￿e. govemarKe costs arml an appNIKx)ment ofsupi*xl costs. Grants payable we Pa￿ents ￿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 rwJlifK*ion gN8S th? r￿lplent a reasonable exp8Ctaiion that thty r•teive Ihe grnnL Ihat we sublecl to the reclpieN ttAfillirvJ perfoma￿A conthbons a￿ only the recwt has been nDITfied ol Ihe grydnl and any ￿MaIn￿￿j 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 re9￿110￿ a￿1 good pra¢ke. These c05t5 Include costs related to th8 iTraepeNJeni •XamIna￿On 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 la*1 do￿ by the tunder. •MI sypport •xpwMliiur* which meels Ihese criteria aw8 Iden￿ried to Ihe tegethervAh a f*aU0C￿1￿ 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 •¥ma￿d by tr￿1•￿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 fr￿Th Iho acccwJnts in a¢cordancè wth $10 01 the Charities Act 2011. Moveable c1x￿h eonlenls are held by Ihe Vicarand GI￿r£hWardenS OTr special tru51 the PCC and rewrf• a facw tordisposal arn act￿mIed a5 hnali8nable property unless consecrated. •ynditur# incurréd on eonsecral8d or benef￿8 buildin9s and mo¥eaNe ctrMJch I￿¥$hOr￿s. wthelher rnaint•nanc8 or ovement. is ex￿Sed 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 I￿oUrCeS The inconvng wesources aThl surphB we attthAable to Ihe aCti￿UeS oflhe clwty. 2 N•t out9￿￿¥ T•soure•s Net oulgolng resou￿￿5 a￿ slated aftercharyuy.. Independent Exarnine￿ fees- Iryjependent ExaMkuu￿ sw¥￿$ Ind8p8Ni•nt Exa￿n•1S f••s. Other s•Nic*s X124 2023 648 PCC M•bthrs' •molum•nts Ernoluments Include salaii8s, f••s bonus•s. •)pens• alkw￿S and •stimal•d r￿b