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|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||
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|||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|
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|||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|
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|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|
##
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|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_|
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|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|
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|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|
##
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|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|
##
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|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|
##
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|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|
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|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|||
##
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##
|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||
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