| l Advisors | |||
|---|---|---|---|
| Bankers | Westminster | P | |
| 5 | Bishopsgate | ||
| London EC2P 2AP | |||
| lnvestmentManagementLtd | |||
| House | |||
| QueenVictoriaStreet | |||
| Auditors | |||
| Business Centre | |||
| Lawn Road | |||
| Tonbridge | |||
| TN9 EP |
|||
| Solicitors | L | ||
| k House | |||
| SwanLane | |||
| EC4R | |||
| Brokers | lcc | ||
| lser | House | ||
| las | QueenVictoriaStreet | ||
| Ilot | 4ET |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Note | 2024 t |
2424 t |
2424 t |
2CI23 | |
| INCOMING RESOURCES | |||||
| Donations andqifls Collections and donations |
11,692 | 5,781 | 17,473 | 15,922 | |
| Special collections | 11,692 | 5,781 | 17,473 | 15,922 | |
| Activities forqeneratinqfunds Rent fromproperty Dividends and interest Bank interest Church magazine Functions/Events income Sundry income |
to 1 |
107,196 33,823 1,489 601 4,327 145,275 292,711 |
- 9,978 - - - 4 9,982 |
107,196 43,801 ',1,489 601 4,327 *145,279 302,693 |
87,',165 41,114 1,s26 587 2,705 500,144 6!3,241 |
| TOTAL INCOMING RESOURCES | 304,403 | 15,76s | 320,166 | 649,163 | |
| RESOURCES EXPENDED | |||||
| Charitable expenditure | |||||
| Coitofactivitiesinfurtheranceo{the charities Donationspaid |
obiectives 7 |
7,630 | 7,630 | 1,725 | |
| Special collectionspaidto charltable organisations |
I | - | '13,965 13,965 | 8,566 | |
| Su0oortcosts | |||||
| Establishment expenses | 2 | 162,552 | 162,552 | 143,878 | |
| Church salaries, national insuranceand | |||||
| pension premiums | 4 | 177,783 | 177,783 | 184,848 | |
| Pension payments in respect offormer minister and employees Ministers expenses |
4 5 |
9,009 - 57,551___:__ 406,895 |
s,009 8,622 57,55'157,24? 406,895394,550 |
||
| Costofgeneratingfunds Church activitiesexpenditure |
53,040 | 1,693 | 54,733 |
30,44S | |
| Adminishative salaries,national | |||||
| insurance and pensionPremiums Functions/Events expenses Baddebt writtenofi Administration expenses |
J 9 6 |
37,592 ,,yt 24.125 ttt.zoo |
27 1.720 |
37,592 2,443 24,152 1 18,920 |
42,419 442 12,254 22,539 108,143 |
| Total resources expended | 524,095 | 15,685 539,780 | 5',1 1,259 |
||
| NET INCOMING(OUTGOING)RESOURCES | (21S,6s2) | 78 | (219,614) | 137,904 |
|
| Gainsl(losses) on investmentassets: | |||||
| Realised Unrealised |
16 16 |
208.358 | 8,099 | 216,457 | 485,775 |
| Netmovementsinfunds | (11,334) | 8,177 | (3,1s7) | 623,679 | |
| Fundbalances brought forward | 5,006,410 | 386,346 | 5,392,756 | 4,769,077 | |
| Fund balances carried forward | 4,995,076394,5235,389,59S | 5,s92,756 |
| 2024 | 2023 | ||
|---|---|---|---|
| Nole | € | f | |
| FIXEDASSETS | |||
| Tangible | 10 | 3,288 | 245 |
| lnvestmerts | 11&18 | 4,656,374 | 4,439,9't7 |
| 4,659,662 | 4,4r'-0,162 | ||
| CURRENT ASSETS | |||
| Stock | 12 | 1 | 1 |
| Debtors | 13 | 88,610 | 84,844 |
| Cash at bank and in hand | 14 | 685,985 | 913,276 |
| n4,594 | sg8,121 | ||
| Credilors | 15 | 44,659 | 45,527 |
| 729,937 | 952,594 | ||
| NETASSETS | 5,389,599 | 5,392,756 | |
| Represented by | |||
| Restricted fund-Deacons Fund | 1S&17 | 394,523 | 386,346 |
| Designated Fund - Capital Fund | 16 | 3,925,809 | 3,717,451 |
| Accurnulated incomefund | 17 | 'l,289,959 | |
| 5,389,539 | 5,392,756 |
| EST | OTHE ACCOUNTS | ||
|---|---|---|---|
| 2024 | 2023 | ||
| f | t | ||
| 1. | SUNDRYINCOME | ||
| Unrestricted | |||
| SocialHall Hire | 126,551 | 115,026 | |
| SiteRental | 8,535 | 8,470 | |
| WeddingServices | '1,850 | ||
| MrsFBates-Legacy | 357,839 | ||
| Stained GlassWindowAppeal | 9,151 | 16,73s | |
| Gift Aid 2024- lnterest | 4c | IJ | |
| SaleofBooks | JI | ||
| SaleofMugs | I | 4 | |
| Compensation-INGtuc | 150 | ||
| Crypt lncome | 839 | ||
| Wine- Crypt Niche | 30 | ||
| UseofPhotocopier | i?{zis- | -Eoolaa- 175 |
|
| 2, | ESTABLISHMENTEXPENSES | ||
| Church,social hall andotherproperties | |||
| Repairs and Maintenance:- | |||
| General | 61,020 | 68,303 | |
| OrganandPiano | 2,893 | 711 | |
| Flat | 27,191 | Ea1 VI J |
|
| Kitchenequipment | 1,341 | 3,188 | |
| lnsurance | 20,323 | 26,060 | |
| Light, Heat andWater | 28,098 | 25,349 | |
| Cleaning | 19,638 | I'71E') I/,i JU |
|
| DepreciationofFurniture and Fittings | 46 | 61 | |
| Sundries (lncludingRates) | 2,000 | 1,880 | |
| 162f52 | !3929 | ||
| 3. | CHURCHACTIVITIESEXPENSES | ||
| ChurchMagazineCosts | 4,174 | 3,664 | |
| VisitingMinisters,Organists etc | 10,829 | 9,529 | |
| Food and Drink Supplies | 7,1gg | 6,738 | |
| Sundry Expenses | 25,611 | 7,412 | |
| Sunday Service -LrveStreamingCosts | 954 | 939 | |
| PurchasesforResale | 67 | ||
| OrganRecitals/Concerts | 2,160 | 2,100 | |
| Stained GlassWindowExpenses | 1,080 | ||
| Functions/Events Expenses | 2,443 | 442 | |
| 475th Year Celebrations | 57,176 | 30,891 |
| YEAR ENDED 31 DECEMBER2024. | ||
|---|---|---|
| t 2024 |
t 2073 |
|
| 4.SALARIES | ||
| Minister | 89,983 | 84,087 |
| Minister'sPension | 17,776 | 17,877 |
| Vergers | 5S,798 | 55,840 |
| VergersPensions | 6,250 | 5,865 |
| Organists OrganistsPension |
3,933 43 |
20,657 ?tt |
| Pensions-FormerEmployees | 9,009 186,792 |
193,470 |
| FULLTIIUEANDPART TIIVE(PERMANENT)EMPLOYEES | ||
| Minister | 1 | 1 |
| Vergers | 2 | 2 |
| Organists | 1 | z |
| Administration | 1 | 1 |
| tr | 6 | |
| TheMinister earnedmorethanf60,000per annum. | ||
| 5.MINISTER'SEXPENSES | ||
| EstablishmentandChurchactivities | ||
| Rent,Rates,Water and lnsurance | 51,692 | 46,494 |
| Property Cleaningand RePairs Moving Expenses |
3,142 2,644 |
|
| Telephone Travelling Expenses Sundry Expenses |
999 2,490 2,370 57,551 |
941 1,988 1,997 ru_ |
| YEARENDED 31DECEMBER2024 | ||
|---|---|---|
| 2A24 | 2023 | |
| I | ||
| 6.ADMINISTRATIONEXPENSES | ||
| Printing, StationeryandBooks | 2,474 | 1,719 |
| Telephone,Postage and Advertising | 2,828 | 4,282 |
| ComputerRunning Costs | 2,854 | 2,713 |
| Professional Charges | 8,186 | 5,591 |
| AuditorsRemuneration Sundry Expenses |
5,838 1,097 |
5,555 )1c-, |
| Bank Chargesand lnterest | 492 | 487 |
| Depreciation ofOfficeEquipment | 383 | |
| 24,152 | -mo- | |
| 7.DONATIONS PAID | ||
| GiftstoNeedy Persons | 7,630 | 1,725 |
| 8.SPECIALCOLLECTIONSPAID | ||
| SpecialCollectionsPaidtoCharitable Organisations | 6,335 | 6,84'r |
| 9.BAD DEBTWRITTENOFF | ||
| Limone(London)Ltd- Christmas2017 | 12,294 |
| YEAR ENDED31DECEMBER2024 | |||||
|---|---|---|---|---|---|
| 2A24 | 2423 | ||||
| e | t | ||||
| 10. FIXED ASSETS | |||||
| Buildings: | |||||
| TheDutch Church,Austin Friars,EC2 | |||||
| Atwrittendown value | 1 | 1 | |||
| AugustineHouse | |||||
| Atwrittendownvalue | 1 | 1 | |||
| 21 ParkHill Rise,Croydon,Surrey | |||||
| Atwrittendown value | 1 | 1 | |||
| OfficeEquipment | |||||
| The DutchChurch,Austin Friars,EC2 | |||||
| Addition | 3,474 | ||||
| Depreciationcharge fortheyear | 383 | ||||
| Netbookvalue | 3,091 | ||||
| Furnitureandfittings (includinglibrary): | |||||
| The DutchChurch,AustinFriars, EC2 | |||||
| Atwrittendownvalue | 242 | 303 | |||
| Additions | |||||
| 242 | 303 | ||||
| Depreciationchargefortheyear | 48 | 61 | |||
| Net book value | 194 | 242 | |||
| 3,288 | 245 |
| YEARENDED 31DECEMBER2024 | ||
|---|---|---|
| 2024 | 2423 | |
| ll.INVESTMENTS | L | { |
| Unrestricted | ||
| Market valueat'1January | 4,081,438 | 3,625,830 |
| Less:Disposals atopeningbook value | ||
| Add:Acquisitions atcost | ||
| Netgain/(loss)on revaluation at 31 December | 208,358 | 455,608 |
| Market value at 31December | 4,28S,796 | 4,081,438 |
| Historicalcostat 31December | 3,020,587 | 3,020,587 |
| See the endofnote'18forfurther details of restricted investments | ||
| Restricted | ||
| Market valueat1January | 358,479 | 328,312 |
| Less:Disposals atopeningbook value | ||
| Add:Acquisitionatcost | ||
| Netgain/(loss) onrevaluation at 31 December | 8,099 | 30,167 |
| Nnarketvalueat31December | 366,578 | 358,479 |
| Historicalcostat 31December | 86,064 | 86,064 |
| Totalmarketvalueat31December | 4,656,374 | 4,439,917 |
| Totalhistorical cost at31December | 3,106,65'1 | 3,106,651 |
| YEARENDED31 DECEMBER2024 | ||
|---|---|---|
| 2024 | 2423 | |
| t | t | |
| 13, DEBTORS | ||
| Unrestricted | ||
| lncome taxrecoverable | 3,078 | 4,908 |
| Tradedebtors | 33,91'1 | 26,870 |
| Sundry debtors | 27,178 | 29,13s |
| Prepayments | 23,437 87,604 |
22,696 -----Em-oe- |
| Restricted | ||
| lncome taxrecoverable | 1,002 | 1,133 |
| Sundry debtors | 4 | 142 |
| '1,006 | 1,235 | |
| Totaldebtors | 88,610 | 84,844 |
| (Allamountsare duewithinone year.) | ||
| .14.CASHATBANKANDIN HAND | ||
| Unrestricted | ||
| NationalWestminster Bank,London: | ||
| Current account | ||
| Businessreserveaccount | 67,843 | 53,554 |
| Petty cashaccount | 529 | 730 |
| Austinfriarsforum account | ||
| Stainedglasswindow appeal account | 25,174 | 13,335 |
| Paypalaccounl | 118 | 1,629 |
| Sumupaccount | 495 | 423 |
| Businessdirect reserve account | 465 | |
| CBF DepositFund | 566,000 | 816,000 |
| Petty cash | (2) | 28 |
| 660,622 | 885,699 | |
| Restricted | ||
| NationalWestminsterBank,Currentaccount | 25,363 | 27,577 |
| Totalcashatbankandinhand | 685,985 | 913,276 |
| YEARENDED 31DECEMBER2024 | |||
|---|---|---|---|
| 2424 | 2023 | ||
| L | t | ||
| 15.CREDITORS | |||
| Unrestricted | |||
| Suppliers | 5946 | 7,187 | |
| Othercreditors | 13,400 | 15,647 | |
| Accruals | 2,259 | 1,806 | |
| VAT | 1 1,181 | 9,015 | |
| PAYE/NIC | 11,284 rc |
9,9:2 ____43,567* |
|
| Restricted | |||
| Othercreditors | 589 | 610 | |
| Deacons fund | 1,350 | ||
| 589 | |||
| Totalcreditors | 44,659 | --lP6o- 45,527 |
|
| (Allamountsare due within one year.) | |||
| 16.CAPITALFUND | |||
| Unrestricted | |||
| Balanceat1January | 3,717,451 | 3,261,843 | |
| Unrealisedgains/(losses)inyear Balance at31December |
208,358 3,925,809 |
455,608 3,717,451 |
|
| Restricted | |||
| Balanceat1January | 300,642 | 27A,475 | |
| Unrealisedgains/(losses)inyear | 8,099 | 30,167 | |
| Balanceat 31December | 308,741 | 300,642 | |
| 17.ACCUMULATEDINCOME FUND | |||
| Unrestricted | |||
| Balanceat1January | 1,288,959 | 1,155,436 | |
| Surplus/(deficit)forthe year | (219,692) | 133,525 | |
| Historical roundingdifference Balanceat31 December |
1,069,267 | (2) 1,288,959 |
|
| Restricted | |||
| Balanceat1January | 85,704 | 81,323 | |
| Surplus/(deficit)forthe year | 78 | 4,38'l | |
| Balanceat31December | 85,782 | 85,704 |
| 18, INVESTMENTS | ANDINCOTUE | Market | Net | |
|---|---|---|---|---|
| Unrestricted Nominalamount |
Cost I |
Value I |
lncome f |
|
| EQUITIESANDUNIT TRUSTS | ||||
| 68,349.99 | The CBFChurchofEnglandlnvestmentFund | |||
| AccumulationShares | 3,020,5S7 | 4,289,796 | ||
| 3,020,587 | 4,289,796 |
| QUITIESANDUNITTRUSTS- COSTOFI | NVESTMENTS |
|---|---|
| Asat1stJanuary2024 | 3,020,587 |
| Purchased | |
| 3,020,587 | |
| LessSold | |
| Rounding | |
| Asat31stDecember 2024 | lp-2o3Er |
| Cost | 2024 | 2023 | 2424 | 2023 | |
|---|---|---|---|---|---|
| 0r | Market | Market | Gross | Gross | |
| SUMMARY | Valuation | Value | Value | lncome | lncome |
| t | f | t | L | t | |
| WIDERRANGE | |||||
| Equitiesandunittrusts | 3,020,587 | 4,289,796 | 4,081,438 |
| Restricted | 2024 | 2024 | 2023 | 2024 |
|---|---|---|---|---|
| Book | Market | Book | lncome | |
| Valuet | Value | Value L |
f | |
| COIF lncomeshares | ||||
| 3,907.84 Deacons Fund | 4,300 | 79,303 | 4,300 | 2,159 |
| 4,383.39Deacons Fund | 5,051 | 88,953 | 5,051 | 2,422 |
| 1,007.01 Barnet Estate ofGuedesCharity | 5,312 | 20,436 | 5,312 | 556 |
| 278.43 Egbert Guede 125.13lsaacLe Gooch |
1,469 660 |
5,650 ,q?o |
1,469 660 |
154 AA |
| 6,522.51 Deacons Fund | 53,789 | 132,363 | 53,789 | 3,603 |
| 1,839.7'1Deacons Fund(DutchHoliday Fund) | 15,483 | 37,334 | 15,483 | 1,016 |
| 86,064 | 366,578 | 86,0649,979 |