Parish Church of St Peter Le Poer, Friern Barnet Commonly referred to as ‘St Peter’s Muswell Hill’ # **Annual report and financial statements of the Parochial Church Council for the year ended 31 December 2025** Vicar: The Reverend Philip Sudell Churchwardens: Linda Doyle, Stephen Hendry ## Albion Avenue London N10 1AQ ## Parish number: 2014 The Parochial Church Council of The Ecclesiastical Parish of St Peter Le Poer, Friern Barnet, registered charity no. 1209880, registered in England and Wales. 0 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Annual report of the Parochial Church Council** The Parochial Church Council (PCC) of St Peter Le Poer, Friern Barnet, within the Edmonton Area of the Diocese of London, is the legal entity responsible for the parish church of St Peter Le Poer. The name commonly used by the church is St Peter’s Muswell Hill (‘St Peter’s’). This report covers the period from 1 January 2025 to 31 December 2025. The PCC is registered as a charity in England and Wales with the Charity Commission, with charity number: 1209880. ## **Objectives and activities** The PCC of St Peter’s has the responsibility, together with the Vicar, for promoting the whole mission of the Church of England in its local parish. This responsibility covers evangelistic, pastoral, social and ecumenical matters. In planning its activities, the PCC has considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. The main activities of the charity during the period have been: - The provision of regular services of Christian worship at the parish church of St Peter’s, both on Sundays and during the week - Outreach to the local community, including a community café and family activities such as Chat & Play - Mid-week bible study activities and prayer meetings, frequently meeting in the homes of members of the church - Grants to individuals or other organisations engaged in Christian ministry The PCC also has maintenance responsibilities for the Church building, the attached hall and offices, and the house occupied by the Vicar. (No housing is provided to other clergy or staff members.) ## **Achievements and performance** Throughout the year our energies have been directed to fulfilling our vision of being a church committed to “Making and Maturing Disciples of the Lord Jesus Christ”. Our outreach to the local community has been worked out through our regular Community Café and craft afternoon on a Thursday and our “Chat&Play” toddler group and FAB Club, our afterschool club for primary age children. We also run Family Fun days each term to welcome our local community and a Holiday Club for children each year. The staff team have continued to lead school assemblies twice a term in Coppetts Wood School, in partnership with Pathway, and maintain links with Hollickwood School. We have also run our “Jesus in his own words” course for those wanting to explore the Christian faith in more detail from the bible. This year has also seen a fruitful partnership with London City Mission as we have been trained in and implemented a programme of regular door to door outreach visiting on a weekly and occasional Sunday basis. 1 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** A particular outworking of our desire to “mature disciples” is seen in our midweek discipleship groups. We have a Tuesday morning men’s group (meeting over Zoom), three Tuesday evening groups and one Thursday evening group meeting in homes, as well as a women’s group that meets on a Thursday morning before Community Café. Over the course of the year we have followed sermon series on “Freed to Serve” from 1 Corinthians 8-10, “The Discipleship Agenda” from Matthew 4-7, “The Kingdom of God is like..” from the Parables in Matthew 18-22, “Prayers under Pressure”, “Not ashamed!” from Romans 1-5, “The Life of Faith” from Hebrews 11-13, “Who is this Jesus” from Matthew 8,9, and “Advent Warnings” from Jeremiah. Our dependence on God in prayer has been reflected in our monthly prayer gatherings on the “First Tuesday” of each month, where we prayed for our outreach and discipleship and the work of our Mission Partners around the world. We have also introduced a regular Friday morning breakfast prayer meeting. Our thanks go to so many who volunteer to serve in these areas of ministry in our church life, whether in the more visible leadership of groups or contributing to our music and worship on Sundays or serving behind the scenes. Particular thanks go to those on the staff team - Clare Hendry, Honorary Assistant Minister, who, alongside other pastoral ministry, coordinated the ministry amongst women, Beth Collins who served as our administrator and pastoral worker amongst children and families until her marriage in June 2025 and Sam Reeder who stepped into Beth’s role on an interim basis from September 2025. John Lenton, a retired minister with “Permission to Officiate”, is also a great help in our ongoing ministry. ## **Electoral roll** The electoral roll determines eligibility to vote at the Annual Meeting of Parishioners and at the Annual Parochial Church Meeting (APCM), and to stand for election to the PCC. The electoral roll is revised each year in advance of the APCM. In April 2025, the roll was completely renewed, as it is every six years. In April 2026, it was revised with 94 on the roll (2025: 93), with four removed and five added. ## **Maintenance of church buildings** The PCC aims to keep the church building in a good condition, making it look as inviting as possible, to support the church family life and outreach to the community. In addition to routine maintenance, the main items of work carried out during the year were: - new non-slip flooring was laid in the accessible toilet and painting was completed - levelling up the floor in the flower cupboard, making it easier for storage of large items like monitors - repairs to the wall on Colney Hatch Lane at a cost of £3.900. The wall on Albion Avenue by the carpark entrance has suffered repeated damage. The Building Committee is looking for ways to remedy this and to make it less vulnerable. 2 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** During the year, the PCC appointed Olga Vladic-Weal Architecture as the Quinquennial Inspector. The report was completed in August 2025. The Building Committee has reviewed the report and recommendations and is developing a pragmatic prioritisation. The highest priority items highlighted in the report were: - flashing missing on the south porch - brickwork in need of extensive repair/repointing - deterioration of the flooring in the aisle of the church, which has now been addressed. The Building Committee aims to contract for the roofing work and for brickwork related repairs during 2026. Finding suitable, experienced and cost-effective contractors has continued to be challenging. Green Tree Safety have again carried out an annual health and safety survey. No major issues were identified. ## **Safeguarding** St Peter’s Church is committed to providing a safe environment for children and adults to participate in its services and ministries. St Peter’s PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The safeguarding policy was last approved by St Peter’s PCC on 18 May 2025. This is displayed on the Church website and in the Church Hall, along with contact details for those wishing to obtain advice or to raise safeguarding concerns. St Peter’s volunteers and paid staff who work with children, young people or vulnerable adults are recruited in line with the Church of England’s Safer Recruitment guidelines and appropriate DBS clearance is sought. During 2025 and 2026, St Peter’s Church partnered with teams from London City Mission, for community outreach, and Pathway, for the Easter Experience event. These organisations recruited their own workers but provided evidence of DBS clearance to St Peter’s where roles required this. An updated Statement on the Recruitment of Ex-Offenders was approved by the PCC in July 2025. This is provided to all applicants for roles requiring safeguarding checks and is also available by request to the office. St Peter’s volunteers and paid staff who work with children, young people or vulnerable adults complete regular, mandatory safeguarding training, including domestic abuse training, which is now a Church of England requirement for those working with children, as with adults at risk of harm. Prompts are now sent directly from the parish safeguarding dashboard to individuals needing training or refresher training. In addition, seven of St Peter’s volunteers and staff team attended emergency adult and paediatric first aid training in February. Risk assessments are carried out and updated as required for activities in the Church. The Vicar and the Church Safeguarding Officer meet every one to two months to review safeguarding needs and concerns. In the last year, the London Diocesan Safeguarding Team has been consulted about one issue of safeguarding concern and their guidance followed. The PCC is immensely grateful to St Peter’s Church Safeguarding Officer Sue Upcott and Wendy Franklin, Safeguarding Administrator, for their leadership and support over the last year. 3 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Haringey Deanery Synod** Deanery synods provide one of the formal links between parishes and the wider structures of the Church of England. St Peter’s clergy and three lay members of the PCC have been members of the Haringey Deanery Synod. This met in March 2025 to consider how our relationship with creation might be transformed and again in June 2025 to hear from the Bishop of Edmonton, Rt Revd Anderson Jeremiah, on his brief for Racial Justice in the Diocese of London. It met in again in October 2025 with the leader of Haringey Council to discuss links between the Council and local churches. ## **Financial review** The financial needs of the PCC have been generously met. In 2025, income grew, while costs were well controlled. Total income for the year was £288,466, as a result of growth in donations, as well as exceptional grant income from Grace Church, Muswell Hill. Despite inflationary cost pressures, total expenditure fell year-on-year, largely because of the absence of major building work in a Quinquennial Inspection year and because of a staff vacancy. Total expenditure during this period, on the charity’s activities and on grants, amounted to £162,098. This resulted in a net surplus for the year of £126,368. Excluding the grants from Grace Church, Muswell Hill, this would have been a surplus of £12,457. **----- Start of picture text -----**
2025 Income (£288,466)
£4,846, 2%
£766, 0%
£24,590, 9%
Regular Giving Donations
£20,497, 7%
Lump sum donations
Interest
£23,180, 8% £86,996, 30% Grants (Grace Church Muswell Hill)
Grants (Stewardship)
Gift Aid
£113,911, 39%
Trading Activities
£8,998, 3%
Self Funded Activities
£4,682, 2%
Other
**----- End of picture text -----**
The charity’s principal sources of funds continue to be donations from members of the church family (with associated Gift Aid) combined with income from renting out the St Peter’s church hall. The PCC is immensely grateful to God and to the church family for their continuing financial support. Unrestricted income from donations, including associated gift aid, was £139,171 (2024: £116,993), an increase of 19% from some new regular givers, as well as from existing donors increasing their support. A one-off donation of £5,000 was made towards the purchase of new audio-visual equipment. Church hall lettings remain challenging and were less 4 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** than the previous year at £24,095 (2024: 25,400). Additionally, St Peter’s received grants from Grace Church, Muswell Hill CIO totalling £113,911. That charity has now been wound up. **----- Start of picture text -----**
2025 Expenditure (£162,098)
Common fund contribution
Administrative costs
£26,318, 16%
£8,425,
5% Cost of Outreach
Grants Out
£69,500, 43%
Cost of Self-Funded Activities
Diocesan Fees
£34,648, 21%
Building (Premises)
Mission support
£14,097,
£432, 0%
9% Staff costs (inc accommodation) &
training
£3,320, 2%
£995, 1% £4,363, 3%
**----- End of picture text -----**
Total expenditure in 2025 was £162,098, a decrease of 13% on 2024 (£185,664). The decrease was due primarily to: a reduction in building maintenance costs in a Quinquennial Inspection year; lower staff costs as a result of a vacancy and fewer one off grants from Mission Funds. Our diocesan Common Fund contribution (“Parish Share”) increased to £69,500 in 2025. In accordance with good practice, the PCC seeks to maintain a proportionate reserves policy. At the end of 2025, the undesignated and unrestricted reserve to meet future operational requirements and to protect the church against future financial uncertainties, including loss of income and unexpected increases in operating costs, amounted in total to £182,346. In addition, as at 31 December 2025, the charity held specific designated and restricted reserves to meet future financial commitments: - Church Upkeep Fund (designated unrestricted) £10,807 - Mission Funds (designated unrestricted) £20,034 - Roof Fund (restricted) £2,240 The vast majority of our reserves are held in interest earning deposit accounts. ## **Funds held as custodian trustee on behalf of others.** The PCC does not hold funds as custodian trustee on behalf of others. 5 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Structure, Governance and Management** Since 1 January 2025 and up to the date of this report, the members of the PCC, the charity trustees, have been (except where noted): _Clergy (ex officio):_ Revd Philip Sudell Revd Clare Hendry Retired 5 April 2026 _Churchwardens (ex officio):_ Linda Doyle (Deanery Synod Representative) From 18 May 2025 Steve Hendry (Deanery Synod Representative) Simon Upcott (Deanery Synod Representative) Retired 18 May 2025 _Deanery Synod representative (ex officio):_ Keith Edmunds PCC Secretary _Elected members:_ Moji Agboola Retired 18 May 2025 Andrew Cusdin Joint Treasurer Alyson Coombs Retired 2 Jan 2025 Linda Doyle Retired 18 May 2025 Itty Emwionkpa Andrew Marsh Vice Chair Sam Reeder Rebecca Stewart Elected 18 May 2025 Simon Upcott Elected 18 May 2025 Michael Wright Joint Treasurer The PCC held seven meetings during the course of the year. Key items considered during the course of the year included: - An annual review of progress with St Peter’s strategic intent, leading to a renewed focus on prayerfulness and on developing a culture of witness - Staffing arrangements and funding for staffing - A presentation from Andy Mason, the Director of Co-Mission, on the work of that organisation, to which St Peter’s is affiliated. - Continued monitoring of developments in the Church of England, particularly in relation to _Living in Love and Faith._ The PCC is grateful to the Revd Angus Macleay (Rector of St Nicholas Sevenoaks) who has continued to provide _Additional Spiritual Oversight,_ as arranged by the Church of England Evangelical Council (CEEC) - Regular reports on: the progress of ministry; any safeguarding or health and safety issues; finance updates and reports from committees - Development and review of policies, including: safeguarding; recruitment of exoffenders; financial administration and control. Much of the work of the PCC is addressed through its committees. The PCC has established Terms of Reference for each of these Committees, which are kept under regular review. The PCC is very grateful to those of its members and other members of the church who served on committees during the year. 6 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## _**Standing Committee**_ The Standing Committee conducts the affairs of the PCC, when that is necessary between PCC meetings. The Committee met once during 2025, to discuss staffing arrangements. The members of the Standing Committee were Andrew Cusdin, Linda Doyle (from 18 May 2025), Keith Edmunds, Andrew Marsh, Stephen Hendry, Philip Sudell, Simon Upcott (until 18 May 2025) ## _**Mission Committee**_ The PCC sets aside 10% of its total general income to support gospel ministry outside the immediate parish ministry. This is overseen by the Mission Committee. In total £8,425 was paid away in 2025 to six different mission and ministry initiatives, detailed in notes 6 and 13 to the 2025 financial statements below. The members of the Mission Committee were Paul Smith, Philip Sudell, Simon Upcott. ## _**Finance Committee**_ The Finance Committee meets approximately quarterly to oversee St Peter’s accounting and financial management and advises the PCC on financial matters. The members of the Finance Committee were Andrew Cusdin, Keith Edmunds (from 18th May 2025), Philip Sudell, Simon Upcott (until 18 May 2025), Michael Wright. ## _**Building Committee**_ The Building Committee meets approximately quarterly. Its work is covered in the report on maintenance of church buildings above. The members of the committee were Philip Franklin, Stephen Hendry, Lynne Punchard, Rachel Reeder, Philip Sudell ## **Declaration** This Annual Report, together with the Financial Statements which are set out on pages 10 to 27 below and which form part of this report, was approved by the PCC on 27 April 2026. Signed on behalf of the PCC: (Signed) PHILIP H SUDELL Philip Sudell, Chair (Signed) ANDREW MARSH Andrew Marsh, Vice Chair 7 St Peter's Muswell Hill Annual report and financialstatementsfortheyearended 31 December2025 CHARITY COMMISSION FOR ENGLAND ANO WALES Ind•p•ndent examinerfs report on the accounts Soetion A Indopendent Examiner 5 Rtport m•mb•rs of Ch•rlty Ill*ryl 4kn5wK110to27 R•won*lbllltl•s *KI thè clwty In*e•s ol ty* Tn￿. are resFrfywI)kn tr lh• r¥ep8ratK 11 #Jer Se￿￿ 145 01 2011 AL* cwywj my examinakn. I seLkn 145(5Kbl of I￿ Ad. Ind•p•ndent •xaminrf• •t•t•m•Trt to my 81twitth Iciher than th81 LY*yw"l in c£ffin8dion crf 30 ￿1 2026 qwIlfi¢*l￿rf¥I or b¢>dy 111 any): IER Octob•r 2018 . . St Peter's Muswell Hill Annual report and financialstatementsfortheyearended 31 December2025 Soction 8 D15c105uie Only ctynpleie.f Ihe nteds Lo truiuers ol concerii15e¢ CC32. Glv• l*r• brf•l d•iai• ol any It•ms thal th• •umin•r wishK to dl•¢lo IER Oclob•r 2018 St Peter's Muswell Hill Annual report and financialstatementsfortheyearended 31 December2025 St Peterfs Muswell Hill Church c￿rIty No Annual accounts for the eriod 1st JarAMry 2025 Period eTrd dat• 1209880 Pgrfod start date 31st D•c•mbBr2025 Section A statement of financial activities Church Gener ¥ion Funds To Charita￿0 rundg Fund Roof Fur Tot* fund¥ Pripryvr OIFMJ Incomlng r•50urc•s IP4ot• 31 F01 F03 F04 F05 FOS F07 FO8 RèJuk4r GMrKJ Grants (st￿arts￿1pj Lump sum d￿￿5 86,9% 23.180 8,998 20,497 139,671 4,682 24.095 495 81,050 16.506 5,183 23.1aO 8.498 20.497 139.171 23.180 8.498 20.497 139.171 4.682 24.095 500 Tt)t*l Don*lLM 500 118,848 2,879 25.400 4S6 30.319 5,490 1.796 184.988 Trotting ￿tm1￿5 ChantabkJActrths Granty (Grace Mu&¥el sdt Funded klrthl*S Othef Totsi Resources exppnded INote 61 Eip•ndNr• Dn". 24.095 495 766 287.471 766 288,466 287.471 995 69.500 432 14.097 30.748 69.500 432 14.097 69.500 432 14.097 34.648 4,363 8.425 995 26.318 3,320 162,098 65.S20 485 6.984 49.033 3,$86 16.068 388 38.460 5.140 185,864 ￿￿￿(pretY￿e1 Costofofftxh 4.363 8.425 8.425 995 125 costs 25.453 740 26.193 3.320 147.913 3.320 1EQ.978 Toial 9.165 Net incomellexpenditurel befor• Inv8stm•ntga1r￿1(IossOs) 9.165 126.493 125 126.368 676 Nat In¢omo118xp8nd￿Jr*l ExtraL¥¢Jinary items Transfer5 between funts Oth•rr•cognlsod galnxllloss•sl'. G•n9 lo$Se$￿ rty¥y*ion offi*¢O*srt$tr1￿• 9.165 126.493 125 126,368 676 23.975 16.9T5 otherg￿￿•s￿esI Netmovemomth funds 115.583 3.1(X) 7.810 126.493 125 126,368 676 Recon¢iliatKuy of lunds.. 66.762 182.346 7.707 10.807 12.224 20.034 a6.693 213.187 2.240 2.240 125 89.058 215,428 89.734 89,058 Totsifvnds ¢¥ttledlo*w4tt1 10 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** |**Section B Balance sheet**|**Section B Balance sheet**|**Section B Balance sheet**| |---|---|---| |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within one**
**year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year (Note 20)**
em
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**General Funds (undesignated &**
**unrestricted)**
**Self Funded (Designated - unrestricted)**
**Vicarage Fund (Designated - unrestricted)**
**Church Upkeep Fund (Designated -**
**unrestricted)**
**Mission Funds (Designated - unrestricted)**
**Total unrestricted funds**
**Roof Funds (Restricted funds)**
**Staff Funds (Restricted funds)**
**Charitable funds (Restricted funds)**
**Total Restricted funds**
**_Total funds_**
Signed by one or two trustees on behalf of all the
trustees|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |||| ||-|-| ||4,565|3,564| ||-|-| ||214,238|96,998| ||218,803|100,562| |||| ||
3,376|11,504| |||| ||215,426|89,058| |||| ||215,426|89,058| |||| ||-|-| ||-|-| |||| ||215,426|89,058| |||| ||182,346|66,762| ||-|-| ||-|-| ||10,807|7,707| ||20,034|12,224| ||213,187|86,693| ||2,240|2,240| ||-|-| ||-|125| ||2,240|2,365| ||215,426|89,058| |||| ||Print Name|Date of
approval
dd/mm/yyyy| |||| |||| 11 St Peter's Muswell Hill Annual report and financialstatementsfortheyearended 31 December2025 5￿t￿ C NQte510the Jc¢wn e 1 1.1 Thp5pacco4m5hawe DeeD prE￿we4 IransaLtIi￿ W*uoUnb￿ Inth& ￿(X)urt& rheacc￿￿N7ie LEe atEdw 3Cffjlrtan(e* andREPUtIK RS 102155uedon 16 Jth 2014 th*FWO¥ReMngg¥fjarf ￿tr¢ LWe0￿ftr￿3rf RepJW*( - ￿d*￿thE￿an*esAd 2011. ThothartyiX￿8awth f￿ne￿tertfy FRS 102. 1.2 Go*wJ c*IB".rf•pJuwJaTr.' ew3rdltsi astotrosÈ1*orsthat￿pr pcwKbJ￿tbatthe(￿itr concom. Nol WThere aren￿ prepa￿ (oncom ty0a58￿05￿l￿Btal￿ ￿eac(ou￿5￿d ￿?[￿150￿ I tha￿1 B n[￿r￿ri￿ &sa g￿￿ 1.8 The aC(￿j￿t59re￿￿￿ al￿e3ndfa￿¥￿￿VandthEaccrmIthg￿I￿E5a￿rted￿￿thOse￿i￿t￿ I l. Yo ND. J44F115 102 SOJFP. No thènoESto a￿￿u￿b￿qeSts￿p5h￿Q KpJThertwthp•gpEriod1346 FRS 102SORPI Yo ND" as*tS the ¢wrtyKpthy." LEeD 1347FRS 1Q2 S(XiPI YÈS. the I *eKcoLTM4 the 12 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE** **Please provide a description of the nature of each change in accounting policy** _**Reconciliation of funds per previous GAAP to funds determined under FRS 102**_ **Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**102**_ **End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_ _**Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **Previous period net income/(expenditure) as restated** 13 St Peter's Muswell Hill Annual report and financialstatementsfortheyearended 31 December2025 N¢)te 2 2.2 INCOME Yes I￿2 S(WwFRS 102 Yes We 1011>5 12 FRS1ros(Mipi Yes We Yes Wa Yes Yes We Yss Yes Yes Y•s vrA￿l[l￿1rMp Y•s 15 10kn5 12 FFISIV25(mthJ¥¢ Yes 14 **St Peter’s Muswell Hill** **Annual report and financial statements for the year ended 31 December 2025** ## **2.3 EXPENDITURE AND LIABILITIES** |15
**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note
9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, e.g. allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|15
**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note
9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, e.g. allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.||Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---|---| ||||✓||| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||✓||| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||✓||| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||✓||| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||||| ||15||||| **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**||||| |---|---|---|---|---|---| |Regular Giving Donations
Grants (Stewardship)
Lump Sum Donations
Gift Aid
**Total**
Trading Activities (e.g hall lettings)
Self-Funded Activities
Charitable Activities (e.g. Christian Aid)
Other
**Total**
Grants from GraceChurch Muswell Hill
**Total**
Interest income
**Total**
**Total**
**Other information:**
**TOTAL INCOME**
**Analysis**
**Donations**
**and**
**legacies:**
**Charitable**
**activities:**
**Other**
**Income:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**|||| ||Regular Giving Donations|86,996|-|86,996|81,050| ||Grants (Stewardship)|23,180|-|23,180|16,506| ||Lump Sum Donations|8,498|500|8,998|5,163| ||Gift Aid|20,497|-|20,497|16,129| ||**Total**|139,171|500|139,671|118,848| ||||||| ||Trading Activities (e.g hall lettings)|24,095||24,095|25,400| ||Self-Funded Activities|4,846|-|4,846|5,490| ||Charitable Activities (e.g. Christian Aid)|-|495|495|456| ||Other|766||766|1,796| ||**Total**|29,707|495|30,202|33,142| ||||||| ||Grants from GraceChurch Muswell Hill|113,911|-|113,911|30,319| ||**Total**|113,911|-|113,911|30,319| ||||||| ||Interest income|4,682|-|4,682|2,679| ||**Total**|4,682|-|4,682|2,679| ||||||| |||-|-|-|-| |||-|-|-|-| ||**Total**|-|-|-|-| ||||||| |||287,471|995|288,466|184,988| ||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**|||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**
**Where any endowment fund is converted into income in the**
**prior period, please give the reason for the conversion.**|||||| ||||||| ||||||| ||||||| ||||||| |**Within the income items above the following items are**
**material: (please disclose the nature, amount and any prior**
**year amounts)**|||||| ## **Note 4: Analysis of receipts of government grants - Not Applicable Note 5: Donated goods, facilities and services - Not Applicable** 16 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Note 6 Analysis of expenditure** |Staff Costs & Training
**Analysis**
**Expenditure on Church Activities:**
Common Fund Donations
Diocesan fees for wedding & funerals
Administration Costs
Building (Premises)
Cost of Outreach
Cost of Self-Funded Activities
**Total expenditure on raising funds**
**Expenditure on Mission Support:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---| ||69,500
432
14,097
34,648
4,363
26,193
3,320
152,553|-
-
-
-
125
-
125|69,500
432
14,097
34,648
4,363
26,318
3,320
152,678|65,520
485
6,984
48,433
3,586
6,411
5,140
136,559|-
-
-
600
32,049
-
32,649|65,520
485
6,984
49,033
3,586
38,460
5,140
169,208| |||||||| |Grant Making To Mission Partners &
Other Charity Grants|8,425|995|9,420|16,000|456|16,456| |**Total expenditure on charitable**
**TOTAL EXPENDITURE**|8,425|995|9,420|16,000|456|16,456| |||||||| ||160,978|1,120|162,098|152,559|33,105|185,664| ## **Other information:** **Restricted Grant Payments also includes payments collected at special events and then forward onto a designated charity - e.g. Christian Aid Quiz Night - funds for the Christian Aid** ## **Note 7: Extraordinary items - Not Applicable Note 8: Funds received as agent - Not Applicable Note 9: Support Costs - Not Applicable Note 10: Details of certain items of expenditure - Not Applicable** 17 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## **Note 11 Paid employees** ## _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** |**This year:**
**Last year:**
**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Training**
**Travel**
**Total staff costs**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||19,299|33,062| ||2,349|-| ||665|1,150| ||3,883|4,000| ||122|249| ||26,319|38,461| |||| ||**Not Applicable**|| |||| ||**Not Applicable**|| _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ |**_please enter 'true' in the box provided._**|**_please enter 'true' in the box provided._**||| |---|---|---|---| |**No employees received employee benefits (excluding**
**employer pension costs) for the reporting period of more than**
**£60,000**||**TRUE**|| ||||| |**Band**||**Number of employees**|| |||**Thisyear**|**Lastyear**| |**£60,000 to £69,999**||-|-| |**£70,000 to £79,999**||-|-| |**£80,000 to £89,999**||-|-| |**£90,000 to £99,999**||-|-| |**£100,000 to £109,999**||-|-| ||||| |**Family Worker**
**Admin/Ministry**
**Assistant**
**Total**
**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees,**
**see Note 28.**
**11.2 Average head count in the year**
**The parts of the charity in which the**
**employees work**|||| |||**Thisyear**|**Lastyear**| |||**£**|**£**| |||-|-| ||||| |||**This year**
**Number**|**Last year**
**Number**| ||**Family Worker**|0.00|0.00| ||**Admin/Ministry**
**Assistant**|0.63|1.00| ||**Total**|
0.63|
1.00| 18 **St Peter’s Muswell Hill** **Annual report and financial statements for the year ended 31 December 2025** **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ |**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**|**This year**|Not Applicable| |---|---|---| ||**Last year**|Not Applicable| |||| ||**This year**|Not Applicable| ||**Last year**|Not Applicable| |**Please state the amount of the payment (or value of any waiver**
**of a right to an asset)**|**This year**|**Last year**| |---|---|---| ||**£**
-|**£**
-| ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ |**The extent of redundancy funding at the balance sheet date**
**Please state the accounting policy for any redundancy or**
**termination payments**
**Total amount of payment**
**The nature of the payment (cash, asset**
**etc.)**|**This year**|**Last year**| |---|---|---| ||**£**
-|**£**
-| |||| |||| |||| ||**This year**|**Last year**| ||**£**
-|**£**
-| |||| |||| 19 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ |**This year**
**Last year**
**£**
**£**
665 1,150
**Not Applicable**
**Please explain the basis for allocating the liability and expense**
**of defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**
**Amount of contributions recognised in the SOFA as an expense**|**This year**
**£**
665|**Last year**
**£**
1,150| |---|---|---| ||**Not Applicable**|| _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities. Not Applicable**_ _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan. Not Applicable**_ 20 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## **Note 13 Grant making** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year:** ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |To support IFES in the European
Christian Network|£1,400.00|-|-|£1,400.00| |To support T Parfitt as a minister in
France(France Mission)|£1,400.00|-|-|£1,400.00| |To support Pathway for the delivery of
school Christian Assemblies|£1,400.00|-|-|£1,400.00| |To support London City Mission's role
of director|£1,400.00|-|-|£1,400.00| |To support Kip Chelashaw as a minister
in Kenya(UFM Worldwide)|£1,400.00|-|-|£1,400.00| |To support Forte Torre church in Italy
for their bursary programme|£1,425.00|-|-|£1,425.00| |Contagious Summer Camp|£500.00|-|-|£500.00| |Christian Aid|£425.00|-|-|£425.00| |World Dayof Prayer|£70.00|-|-|£70.00| |**_Total_**|**£9,420.00**|**£0.00 **|**-**|**£9,420.00**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions - See 13.1** |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grant making. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_My charity has made grants to particular institutions that are material in the_**
**_context of its grant making. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |---|---|---|---| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grants paid £**| |IFES|To support the European Christian Network||£1,400.00| |France Mission|To support T Parfitt as a minister in France||£1,400.00| |Pathway|To support the delivery of school Christian
Assemblies||£1,400.00| |London City Mission|To support London City Mission's director||£1,400.00| |UFM Worldwide|To support K Chelashaw as a minister in
Kenya||£1,400.00| |Forte Torre Church Bologna|To support for their bursary programme||£1,425.00| |Contagious Summer Camp|Children's summer camp||£500.00| |Christian Aid|Funds from Christian Aid Weekly Quiz event||£425.00| |World Day of Prayer|Funds collected for World Day of Prayer||£70.00| |**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|||**£9,420.00**| ||||£0.00| ||||£9,420.00| 21 **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** ## **Last year:** ## **13.3 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |To support IFES in the European
Christian Network|£2,000.00|-|-|£2,000.00| |To support T Parfitt as a minister in
France(France Mission)|£2,000.00|-|-|£2,000.00| |To support Pathway for the delivery of
school Christian Assemblies|£2,000.00|-|-|£2,000.00| |To support London City Mission's role
of director|£4,000.00|-|-|£4,000.00| |To support Kip Chelashaw as a minister
in Kenya(UFM Worldwide)|£2,000.00|-|-|£2,000.00| |To support Forte Torre church in Italy
for their bursary programme|£2,000.00|-|-|£2,000.00| |London CityMission Christmas Appeal|£1,000.00|-|-|£1,000.00| |Innovista - Ukraine Ministry|£1,000.00|-|-|£1,000.00| |Christian Aid|£388.00|-|-|£388.00| |To support Kip Chelashaw as a minister
in Kenya (UFM Worldwide) -
Gracegang gift for children's work|£68.00|-|-|£68.00| |**_Total_**|**£16,456.00**|**£0.00 **|**-**|**£16,456.00**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.4 Grants made to institutions** |**13.4 Grants made to institutions**|**13.4 Grants made to institutions**||| |---|---|---|---| |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grant making. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**||**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grants paid £**| |IFES|To support the European Christian Network||£2,000.00| |France Mission|To support T Parfitt as a minister in France||£2,000.00| |Pathway|To support the delivery of school Christian
Assemblies||£2,000.00| |Pathway|New office fit out grant to Pathway||£1,000.00| |London City Mission|To support London City Mission's director||£2,000.00| |London City Mission|LCM London-wide church evangelism training
project grant||£2,000.00| |UFM Worldwide|
To support K Chelashaw as a minister in
Kenya||£2,000.00| |Forte Torre Church Bologna|To support for their bursary programme||£2,000.00| |Innovista|To support Ukraine Ministry||£1,000.00| |Christian Aid|Funds from Christian Aid Weekly Quiz event||£388.00| |UFM Worldwide|Gracegang gift for Children's work||£68.00| |22
**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|||**£16,456.00**| ||||£0.00| ||||£16,456.00| **St Peter’s Muswell Hill Annual report and financial statements for the year ended 31 December 2025** **Note 14: Tangible fixed assets - Not Applicable Note 15: Intangible assets - Not Applicable Note 16: Heritage assets - Not Applicable Note 17: Investment assets - Not Applicable Note 18: Stocks - Not Applicable** ## **Note 19 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_ **19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors** |**This year**
**£**
-|**Last year**
**£**
-| |---|---| ||| |4,565|3,564| |4,565|3,564| **Total** _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| 23 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
3,064 10,293
313 1,211
- -
**Amounts falling due**
**within oneyear**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
3,064 10,293
313 1,211
- -
**Amounts falling due**
**within oneyear**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -
- -
- -
**Amounts falling due after**
**more than oneyear**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -
- -
- -
**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||3,376|11,504|-|-| ## **20.2 Deferred income** _**Please complete this note if the charity has deferred income.**_ |**_Please explain the reasons why income is deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
|**This year**|**Last year**|**Last year**| |---|---|---|---| ||||| ||||| |||**This year**
**£**|**Last year**
**£**| |||-|-| |||-|-| |||-|-| |||-|-| ## **Note 24 Cash at bank and in hand** |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||214,238|96,998| ||-|-| ||214,238|96,998| 24 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** **Note 27 Charity funds** |**Note 27 Charity funds**|**Note 27 Charity funds**|**Note 27 Charity funds**| |---|---|---| |**Thisyear**
**27 Designated funds**||| |**Planned use**
Church Upkeep
Mission Fund|**Purpose of the designation**
For cover of exceptional building costs (eg. Church wall repairs) from
general funds
To support mission and ministry partners|**Amount**
**10807.18**
**20033.85**| ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** ## **This year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **TRUE** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ **----- Start of picture text -----**
Amounts paid or benefit value
Legal authority (e.g. Remuneration Pension Redundancy Other TOTAL
Name of trustee order, governing contribution (including
document) loss of
office)/ex
gratia
£ £ £ £ £
- - - - -
**----- End of picture text -----**
_**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **Last year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **TRUE** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ **----- Start of picture text -----**
Amounts paid or benefit value
Remuneration Pension Redundancy Other TOTAL
Legal authority (e.g. contribution (including
Name of trustee order, governing loss of
document) office)/ex
gratia
£ £ £ £
- - - - -
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_**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ 25 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ |**No trustee expenses have been incurred (True or False)**||**_FALSE_**| |---|---|---| |||| |**Type of expenses reimbursed**|**This year**|**Last year**| ||**£**|**£**| |**Travel**|122|25| |**Subsistence**|-|-| |**Accommodation**|-|-| |**Other (please specify): Reimbursement of purchases on personal credit**
**cards for use of St Peter**|875|1,022| ||-|-| |**TOTAL**|997|1,047| |**Please provide the number of trustees reimbursed for expenses or who**
**had expenses paid by the charity**||| ||**2**|**2**| ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **This year** |**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**_TRUE_**|**_TRUE_**| |---|---|---|---|---|---|---|---| ||||||||| |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**| ||||**£**|**£**|**£**||**£**| |n/a|n/a|n/a|n/a|n/a|n/a||n/a| _**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_ _**For any related party, please provide details of any guarantees given or received.**_ ## **Last year** **There have been no related party transactions in the reporting period (True or False)** _**FALSE**_ |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |**Clare Hendry**|**Trustees**|**Expenses Re-**
**Imbursement**|**802**|n/a|n/a|n/a| |**Stephen Hendry /**
**Clare Hendry**|**Trustees**|**Expenses Re-**
**Imbursement**|**245**|n/a|n/a|n/a| _**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_ _**For any related party, please provide details of any guarantees given or received.**_ 26 **St Peter’s Muswell Hill** ## **Annual report and financial statements for the year ended 31 December 2025** ## **Note 29 Additional Disclosures** ## **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** The vicar of St Peter’s Muswell Hill receives a stipend which is paid by the Church Commissioners. A stipend is paid in order to enable the clergy person to exercise their ministry without the need to take another job in order earn their living. It is intended to provide adequately for a clergy person to live during their working years and into retirement. 27