The PCC of the Ecclesiastical Parish of Old St Pancras with
St Matthew Bedford New i own
FW S￿1￿￿ Umhd
9 H•ro & yfflotfio

I￿¢1)¢￿ Éxamlngs Rwrt
7t08
nce Sheet

Blarrfl
LTnn Tr
Adrlan FurnhDm
Andreat Pxry
Aos4nM P￿Y
9 Hwe & ￿llet Road
lond

Our fthufch bulldlni cortinuedto rnmakn ap￿ to th• p￿frn of(h•ry• dall¥.
thurth15pvemed trythe tanons dth• E￿1•r￿1 and In pirtKJA•i, byth? Pw(th•l Chwth
S¥modical fjovwnment Measyre 1969 as
ThrO￿h a mlx of •y-dfic*> dry. and *ted lty Spedfkalty. they Indude th•
Th*dulyeletttd membm olth• PCC•f•th•trwtW5 of thethwth anddwM¥ 2024 were as r￿edbelOW.
Ir Dwen ￿*SOn-Pr￿t in Ch*Be IFMM 27th 1kn)ber)

nnfr
Alrlan Furrth•m
l>knnd•rGe(Y8es
Ttrk•re Afe nInety￿1fte pe￿e on the electorn5 rnlè and Mass Is c•lebrnt•d 4Jn 5Ithd•yJ fow tlm•s durfn8 th•
thlldron's Iiiowm Pwry)
GOIN CoTr¢•rn

Tè&%i• reqTiaed meFT¥Jrial fund for chiktren Otd St Panua5 CJKKth. rt15 annualty as p¥t
In comparknon to 2023 toial hKom• red￿•￿ tr•TE44k125%1. Shown b•lw isthe perf￿￿ IV m•Nxuteo0ry
Clxwth GM
Pla¢￿dG1¥Irf
17A46
23A58
Grints
14.122
41085
21.386
27
.27&75
350
50
TOTAL
41741

Musle
14,926
16
7.993
8287
2.621
Rtffiftlr4 Cajts
14A76
47llS
-?J2
5•rvlc•J
oonatlons
bulldlni Co
1615
16.tX)I
.101513
.L4
17.417
Prlest & vi(•r¥e
20J91
- 6?12
73
3.295
17m6
&x
294351
fM>rlt￿e ￿lIar￿¥ w•s 011￿ ty th•o)Ms I￿(Y¥￿￿{£17k1 cwried oUt(bJr1￿ 2024
Toul C•pltsl •od R•*
Met lrK(Mnl￿ re50wEes fur the year *ve £JO23712023:1£117.7￿￿ At th• IxlwK• Jh•qt dat• th• thwhy h￿1
Plys

l•w •nd rngu1Jtk￿s,
The law •pplk8ble to tharkles requlrns the trustees flnwknl 5Mements for exh fmamal year whkh
ob5•N* th• m•thod$ and prlndpl•s In th• Ch•rft1•5 SCTr.
• m•k• Jud¥•m•nts Ind 15Um4t•5 th•t4r• r••5un•b￿ •nd wudrt
los•d •nd •xpJ•Sn•d In theflnandal st•t•mwts: •nd
Th• vurt•w •r• r•wNlbl• for ￿￿p1￿ yop•r •ccourthi f•mrds th•t wlih •1 •
thn• th• flnandal ￿llIon ol tm ¢harlty •nd •nitd• th•m to •nsur• the tlnandBI statements *4th th•
The trusleej we also respons1￿e for $•le￿ard1￿ the •s*ts ol the th•rfty and h•rKe for tsklni re•son•ble st•ps
on thE choFitable company's T*e1>5its. the prepar•￿n ind di5seminatK>n ot

2024 whith tomprise the Statement of FinwKial Acti￿ the 8olBnceSheet and related notes.
71*5fePOrt 15 made solety ￿ ihe charws trurtees. * • l*>*. In flthh sectl¢>n 145 01 the th•rftle5 P
state to them In th15 report and for no other wrp)se. To the fullest extent p￿m￿t￿ ty law, l ¢** ftot accept or
a&Eume re5ponslbElfty to we other than the thwlty •n(l the tntstoes as a both. for my hr th
2011 l*heArfI.
8edlord New To*ffj '$ 4¢¢ounts cprrled +wt undv >ertk￿ 145 of th¢ 2(Ul Art and In c4nyln8 04rt my examlnatlon I
¢onsequently does not co4w •ll the rn•ttef5 th•t •n •udltor ¢onsldtry kn 8Mne thelr oplnlon on the ftnanclal
sratements. The plannlTh% •nd COnd￿t of an the IknIMd aSs￿nCe that an Indopu4Mt
and f•4e Mew and my report Is Ilmlted to thos* spe£fjfK m•tt¢rs set IA the Inder￿dent WIT￿ne¢S Jtatemetrt.
I, ￿ntI￿ rttords were not kept ITr re5Pttt ol The ptt ofthe Etde55•th1 P•rlsh al Old St P•rrtr•s t*fth St
3. the hnantlal st*emerts not compty wlth the account1￿ requlrements Concern1￿ the form •nd cofflont
of accounts Set out in the thariiies •nd fteportsl R4ul*v)n$ other th•n •ny reouir•m•
examlnrtlon.

Tirn SuTrMvan F
SullIV￿ Unmted
9 M•re & 8lllet Ro
Londoft
SE3 tYI8

i- 11 I'l'l'11
V4
5 2 ¥

Balance Sheet as at 31 Decemkn 2024
Investments
)tor$
iO,U8
84.765
132,637
4,636
31AIS
178,844
8th •t b•nk Ind In h•nd
16
227.530
17
.148
214.382
204,592
234.6
224.369
I1•5trI¢t￿ lunds
80.649
52,OJg
Urtrestr*ted fund*
153.957
172,330
234.

The PCC of the Ecdeslastlcal Parlsh oFOhl St Pamas wlth St Matthew 8edford NqwT¢Jwn
Th• address of Its re8iStered IL"
51 P•H£ras Old Churth
NWI IUL
The flnandal statements have been prepared In attNthrKe wlth AccoLWrtlnz ?nd T¢eminK by Char¢ties:
ICharilit5 SOAP IFRS 1021 . s￿Ond editlon 20191. th• Fln•nclJl Rewr1￿ Stsnd•rd ¥pplk•bl• In th• VK
and R•publi¢ ol Irel•nd IFIiS 1021. Th•y*so ¥Ath th•Cry￿0¢S￿E 21kn and Ch•fltkn*At201L
The PCC ofthe Ectles￿s1kll P•rish of tx St P•Kr•s wlth St Matthew bedlord I4￿Tty¥n ffeels the dEAnltlan ol J
¢ost conv¢ntyon wlth Ii•n¥ r•wnls•d * c£￿ ortrxwkn y￿ul ¢*h•r*tse st•t•d In the rnkn•nt N*•(s)
6oln8c0n￿rn
Th• trLL%t•u tOn￿dIf th•t th•rn Irn no m•tsri•l wKwtslntle5 4t￿ the chwws Jblllty to •$ 4
)n ihe appllcation ol the thar1￿$ account1￿ ptilkiÈ5. thttntste•5 m•ke est*n•tes •fNI
Thé estimates oftd ossociated •ssumolons are b•sed on historical eyr*nce •nd oth•r fF£tars th•t are
fecwnlsed In the 1)tr￿ in which tht *timate is rrised T*lve revi51th￿ altects ￿ that or in th•

Voluntary lrttome Indudlng th5, lryKle5 and grants that crye fundlng or are of J gwryl
Oonatlon5 and are 1K(￿ed on a I￿¥¥a￿e bASts 15 prob•ble and the armunz can
Grnnts ar• r•wnls•d wh•n the charlty h•s an ontld*mnt to th• fvnd5 jnd Ilnked to the yants
hw• beln mei. Where ￿f0￿￿an￿ rondltk¥n5 are attached to the y•nt and ￿ yet to be meL the income
exp4fidllur•
l ¢xpendlture Is reco￿1$¢￿ tyKe there Is • lry•l or ((￿5t￿￿ obl*th to th•t ex￿lfftyf*. It 15 proboNv
expendlture head1￿ th* 748reeate ￿rn￿ar costs to that cate60ry. Whffe ￿rtn0t be dIrett￿ attrfbutad to
partlcular heathnp thry beth alkuted on a basis t￿￿Ostent *fth the use of resources. wlth centrol #jff
Oth¢r support costs am bas•d on th• spre•l d #•ff c(sts.
These •fe ¢osts In¢urr¢d In •ttr•thY¥ ¥oluntwy In¢on%. the m•na8•m•it of In¥estwts t￿￿$¢ in¢uff￿ kn
tradlnp that f•is¢fwKts.
thIr￿able expendrture comFwts*s thosÈcasts Incurred bythe ch•rlty In the delP¥*ryof ￿￿ttle$ and seThryt*s for
I￿￿￿cIall& 11 inCI￿Je5 both costs thjt ￿ be 4lry•t•d rfwectlyth ￿ 4rtivitsu ￿￿those coJtsof •n indTrTe¢i
n8tur• n•c•ss•ryto Sup￿ tham.
support costs
port cost5 Indude ¢•knl IunCtkn￿ hm iwi alkKated to actfvky cosi ¢•tewles on a basls cThth¢ni

The tharfty Is consldered to pass the tests set 04* in Pryaph i sche£￿ 6 01 the ANnce kr 2010 andtherefo
ttntlalty exempt from tsxatlon In resp￿ of Ir￿Qme or tathal qalns rttd¥ed wlthln categories co￿re￿ ty
Lliapter 3 Part 11 of the C￿￿)raI10n Tax 2010 or Se£rTh 256 of the Ta%atk)n of Ch•re•able G•ins 1992, to
fixed asset Investmen￿ oth•r than proB1wT￿ne rdated lrrrtsln￿. are at m¥￿et ￿lut at the balance
Ihdr market value •t the start ot the year. or th* cox and art or uedlted to the St•tem
UnreJli5ed 8ain$ and lojsts r•wesent the movement in m•Fkn value5 durir48 the yur Jre croth•d (Y th•rpd
Tr•de de1k￿ are reco8nlsed Inlt6ally at the trans￿l0n fv. Thty •r* subsequentfy m¢•surtd at amortlsed cost
uslnl the •ff•ctfv• Inlwe5t m•thod, less prokn for imp•lm)enL A kvovlshyb frythe Imp•lnn•nt oftrnd• d•btus
•CCordi￿ to the￿Ilinal terms ol the re¢•w
cth and cash equN#lents ¢ompri* ¢th ￿ hand and deposity and cther shM4em7 hl8hly IiqLMd Investm￿lts
Trade Cred1￿￿5 are ob1w￿$ to pay lor good5 or services ihat have been acqulrnl in the ordinary course ol
¢ht. at th• end of the reprrtln8 pwlod. to defer senlemeffl ol th• credltor for at knt tw•lve months after the
reportine It thef¢ b on unconthtiDnal r¥ht to delw lor at rn0n￿ after the TWOrtI
Trade credltor5 are recogni5ed initdty at th• and sutsseq￿ ffkwsured •t arnrrt4￿ w5t
Payjl

rterest-bEarir¥ borrowiw are initiatri recorded Jt tsir net of transaLtk)n cost& lntueSt-￿Jrtn
transattion C￿t$ and the aML￿nI due rwn15ed p5 a twe to the St•twnwrt of Ana￿IllI
Interest expense Is rwnl¥vJ on thebo5is rfthe Inwe5t and h IndwJ•d In intw•rt p•y•bl• *nd
•0rro*rfn8s are cla551f￿1 ￿ current Ilawhles ￿lesS charity h•$ ￿ thxorrtlltkmwl rwrt th d•fv ol
th• Il•blJityfor•t Itut mL¥ththerthe rew>1tr¥ d*
Unrestrlcted Incom• lunds are funds th•t x• w•S1th for •t the ljwlees d￿rrfk￿ In Iwther•nce of
T*1
ndj
Planned 8l¥ln6
23,458
10.996
17J46
35.879
Iq996
17J16
Unpl•nned4ivir*
Le8acies
Grnnts. Ind￿r¥ cop￿￿ ￿nts.
St Pan¢r•s Chur¢h L•nd Trust
Other ir•nts
U*t•d Places of Wor5hlp
25206
18.350
14122
12,L72
9,264

T4t•l
lJ61
1.161
2.178
R•ntal kncryn*
42,085
I2,￿5
40,679
Totsl
Int•r•st r•c•N•bl• on b•nk dopoths
Other income from Ilxed asset
550
550
550
3,901

Totsl
Oth•r dlr•rt costs
70tt1
IAlnlJtycosti
Mlnlstry support costs
AKharged expense5
HoWt•llty
P•iish Support Fund
Mu51c and orBanlst
Pwllh pJlwbma8•
8AIO
9.578
16.9121
Ji,tX
24,320
28.L
19,973
922
i)rtt•ble donatkn)s
3upportcosts
98.657
22L139
29

ppurt cos
T*1
Stafiaxts
Wases and salaries
Cornpen5•tlon p•yrnwts
C#u•l wq•s
164
6.435
4194
12,741
148,644
loo
762
Church malnteftance
M•Jor r•p•lrs
Injurnnce
(hufch upk••p
Other •dmlnlstr•th* ¢osts
3J63
1,634
Printiffj postqe•nd stthwy
ae4nln8
Independent •X4mln*k
Lwl and￿ofeSS￿
2.989
2.166
740
2325
1,261
1220
38.657
P4rye17

Wa8es and salarles
Compensatlon poywts
Othfjr #ift costs
13
Plo ernpbyee rqceN•d effduments ol mw• E60JXJO d￿l￿theY•V
The charlty ts a roostered ch•rlty and15thwefore exemrt tsxatkn.
Oth•r In¥•stm•nts
20.224
19,777
At lJanuary 2024
A￿lu•ll0n
19.777
447
447
At 31 lknmber 2024
20.224
20.Z24
At 31 D•cwnbw 2024
20.224
20.224
At 31 ￿￿ther 2023
19.777

Trade debtCff5
Prepayments
Ixlw d•btorJ
7.761
3,134
10.128
4,636
20
84,765
31A15
Cash 4t ￿￿k
132,637
178,844
145
Oth•r ¢r•dltors
Ixcrtrats
11,393
9,950
.148
iOJ03

3 11

11. x

Th• PCC of th• Ecd•slastkal Parlsh of Old St Panu•s with St Matthew Bedford New Town
fuTrds
C￿enT assets
Currertt Ilabllttles
167.105
60.425
227.$
13,148
Total A•t 4SS•iI
153.957
80.649
234.606
To*1 fwbdi •t
777
147n
214,895
10.303
182.633
iQ303
32262
Current liabiliti
Total net assets
224 369
During the ye¥. the charity • yjnt d £1412212(Q3: £11￿) Irtyn St PaKrns Churth Land Trurt •
thjrkty In vAtlth trustee Sandra Is a truste
Pap31