## **ANNUAL REPORT** 

## **and** 

## **FINANCIAL STATEMENTS** 

## **of the** 

## **PAROCHIAL CHURCH COUNCIL ST NICHOLAS CHURCH, TOOTING GRAVENEY** 

## **Registered charity no: 1129352 The Parochial Church Council of the Ecclesiastical Parish of St Nicholas, Tooting Graveney** 

## **For the year ended 31 December 2022** 

Annual Parochial Church Meeting 26[th] March 2023 

## **Rector:** 

The Revd Tim Dennis 

## **Church Correspondence Address:** 

St Nicholas Church Church Lane, Tooting SW17 9PP 

**Bank:** 

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4QJ 

## **Independent Examiner:** 

Mr Gavin Forrest 30 Abbotsford Terrace Melrose TD6 9AD 

1 



## **Background** 

The Parochial Church Council of St Nicholas, Tooting has the responsibility of co-operating with the incumbent, Tim Dennis, in promoting in the ecclesiastical parish the whole Mission of the Church, pastoral, evangelistic, social and ecumenical. 

Tim Dennis was installed as incumbent on 5[th] September 2022 following a period of interregnum since CJ Davis moved to an incumbency in Somerset in January 2022. 

## **Membership** 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC has elected to register with the Charity Commission. The appointment of PCC members is governed by and set out in the Church Representation Rules. 

During the year, the following served as members of the PCC: The Incumbent Vacant until Tim Dennis was installed and since the chairman The Churchwardens James Buchanan, the vice-chairman Rosemary Wilson 

In October 2021 Rosemary Wilson was elected to the General Synod and therefore is a member of the Diocesan Synod and Deanery Synod. 

The parish representatives on the Deanery Synod (ex officio members of the PCC) up to the last APCM in March 2022 were: 

Pam Smith Pat Fennell Sarah Piper Linda Hansen 

The parish representatives on the Deanery Synod (ex officio members of the PCC) from the last APCM in March 2022 were: 

Pam Smith Richard Gurney Sarah Piper Linda Hansen 

The elected members of the PCC up to the APCM on 20 March 2022 were: 

|Lawal Afuwape|Richard Gurney|Anna Thomas|
|---|---|---|
|David Chamberlain|Wakako Hirose|David Thomas|
|Sarah Dimbleby|Abi Phillips|Andy Wilson|
|Nicola Houghton|Alex Ross|Garth Wilson|
|he elected members of the PCC from the APCM on 20 March 2022 were:|||
|Lawal Afuwape|Michael Paterson|Lizzie Williams|
|David Chamberlain|Abi Phillips|Andy Wilson|
|Sarah Dimbleby|Anna Thomas|Garth Wilson|
|Wakako Hirose|David Thomas||



The elected members of the PCC from the APCM on 20 March 2022 were: 

Nicola Houghton was co-opted to the PCC at the PCC meeting on 28[th] March 2022. 

The Treasurer was David Thomas. The Secretary was Abi Phillips. 

2 



## **Committees** 

The PCC organises its business by general discussion as a full committee followed by a delegation of particular tasks to committees and individuals who report back to the PCC. 

## **Standing Committee** 

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Management Committee acts as the Standing Committee (see below). 

## **Other Committees** 

1. The Management Committee (from December 2011 to comprise the meetings of the Standing Committee, the Mission Committee and the Finance Committee), incorporating the Rector, Wardens, Sarah Piper, Dave Chamberlain, David Thomas and Richard Gurney, with Ali Paterson attending as Director of Operations and taking minutes. 

2. Youth Committee, chaired by Dave Chamberlain with all youth and children’s leaders. 

3. Building Action Group, chaired by Christian Dimbleby with PCC representation from Richard Gurney and Andy Wilson, and Pat Fennell also a member. 

Andy Wilson and Grace Waterhouse were Health and Safety Officers. 

## **CORE PASTORAL MINISTRY** 

## **Church attendance** 

In 2023 a revised Church Electoral Roll was prepared. There were 160 on the Electoral Roll at the end of the year, 125 of whom were not resident in the parish. 22 names were removed as they were no longer in the parish. 

The average Sunday attendance, counted on the first four Sundays in October 2022, was 123 adults and 27 children in the morning and 27 adults and no children in the evening. The church services on YouTube (livestreamed or watched later) for Sundays in October have on average 35 views. 

## **Review of the year** 

Church activities continued in full swing during the interregnum. In addition to the regular patterns of services and mid-week groups, the process of producing a parish profile for appointing a new rector provided an opportunity for the PCC and church family to reflect on our vision, strengths, challenges and opportunities and to unite in sharing our stories of being part of St Nicholas Church. 

We held a Jubilee Lunch for the church family and community, Holiday at Home for the over 60s, a week-long summer Holiday Club for children, services for the death of Her Late Majesty the Queen and Remembrance Sunday, and a number of events in the run up to Christmas. We welcomed several new members during the year including Tim and his family in September. 

3 



## **Over 60s** 

DIGG (the weekly group for over 60s) has held a full programme with weekly Bible Studies in Exodus, Revelation and Ezekiel and monthly evangelistic meetings. We have enrolled new members and all but one member is back after lockdown. A successful Holiday at Home was held to coincide with the Queen’s Jubilee and it was well attended. Christmas was celebrated with a lunch at the beginning of December and it was well attended and Tim gave an evangelistic talk. 

The over 60s who are not in church on a Sunday are phoned on the Monday to make sure that they are well and those who are house bound are visited regularly. When any are taken into hospital they are visited as well as being prayed for at DIGG meetings and their family is kept in touch with. 

## **Children and Youth** 

This year we have continued all our core Sunday morning groups with growing numbers on a Sunday morning. We now have between 50 and 60 children and teenagers attending regularly across crèche, Sunday Club, Pathfinders and CYFA. We have made a few tweaks, including deciding to no longer to run a supervised crèche during All Age Sunday Services. At the same time we have launched a new teenage group called Rooted for 11 to 18 year olds which runs once a month on a Thursday evening. 

In the summer we ran a fantastic Holiday Club for a week in late August and had around 40 primary school aged children attend from the wider community. This culminated in a celebration service and BBQ, with several families who attended Holiday Club for the first time joining us. We also ran a more low-key Light Party, primarily for our church family children. 

We remain slightly challenged for leaders from time to time, partly due to a relatively high turnover due to the transient nature of London life. Dave Chamberlain has moved on from his voluntary role of overseeing the youth work with our new vicar, Tim Dennis, now leading our youth and children’s work strategy. 

## **Small Group Ministries** 

In term time we have continued to run weekly house group Bible studies on Tuesdays and Wednesdays. In the earlier part of the year we had 6 house groups with around 50 people between them and studied the first part of John’s gospel and a section of Isaiah. 

We used the same resources in 2 of our women’s Bible study groups – one meeting on a Tuesday morning with a crèche and one meeting on a Wednesday evening via Zoom, to enable women to be part of a group who would otherwise struggle to be. With this in mind, we also run a monthly Bible study for women who are unable to commit to a weekly group, and they have been studying Mark’s gospel. 

In September, with our new Rector, we have moved to studying the same passages as in our Sunday services and have found digging deeper into 1 Corinthians and how it applies to us really encouraging and challenging. We now run 5 mixed house groups catering for around 54 members of the congregation. 

4 



## **20s and 30s and Student work** 

Our 20s and 30s and student group continues to meet after the evening service for food and fellowship. Over the last year we have had times of prayer, games evenings, thinking further about the sermon, meals out and interviews (Meet the Family) with members of the church to hear their testimonies and get to know them better. We’re really grateful for Alex Fitzgerald’s hard work in keeping 20s and 30s going through the Interregnum. 

In June we ran a weekend away in the Kent countryside and former ministry trainee, Toby Irvine, returned to teach us from Deuteronomy. We had lots of fun with a great walk, wide game and BBQ as well as plenty of time for fellowship, cake, praying together, singing and thinking more about Deuteronomy 32-33. 

## **Outreach** 

Over the last year it has been encouraging to be able to continue or re-start some of our regular community outreach programmes. 

Our Book Table continues to engage with people on the high street on the 3[rd] Saturday each month. There was also training available for engaging with Muslims at the New Testament Assembly. 

Our CAP Money course is now able to run in person each term and is particularly valuable during this cost of living crisis. We continued to support Wandsworth Foodbank with a collection of food during our Harvest Service. 

Our toddler and baby, stay and play group, Friday Frogs, was re-launched in November. It is gradually growing, with lots of new people attending, mainly through word of mouth and our social media advertising. 

In February with the start of the war in Ukraine, we opened our church for anyone in the community to come and pray or reflect. 

We continued to make the most of events throughout the calendar with gearing our Mothering Sunday and Easter Sunday services to be outsider friendly and evangelistic. For the Jubilee as well as DIGG’s Holiday at Home event, we held a Jubilee Lunch for the church family and community together. 

In the Autumn term, with our new Rector, we were able to open the church for the community following the death of Her Late Majesty the Queen and hold a reflective service. We were also able to return to marking Remembrance Sunday with part of the service and act of Remembrance outside with 177 joining us for the service. 

Over Christmas we joined with Sellincourt Primary School and the council to host the lighting of the Tooting Christmas Tree, we sang Carols in local pubs and by the tube and were able to invite many to our Carols by Candlelight and All Age Carol service, as well as on Christmas Day. It was encouraging to have a high percentage of visitors at all of these services, and we look forward to building on this further next year. 

We have had regard to the Charity Commission public benefit guidance. 

5 



## **PCC and its Subcommittees** 

The PCC met 8 times in 2022 and average attendance was 84 percent. The Standing and other committees met between meetings and minutes of their meetings were received by the PCC and discussed where necessary. 

This year, among other things, discussions have focused on: 

- Healthy governance structures and culture 

- A new rectory 

- The parish profile and appointment of a new rector 

- Finances and giving 

- Safeguarding 

- Living in Love and Faith and the future of the Church of England 

We praise God for unity on the PCC over this last year and during the interregnum, for an openness to change with our new Rector, and for fruitful discussions. 

## **Governance audit** 

The PCC concluded its initial phase of work to review governance, leadership, culture and related matters at St Nicholas. This had started in summer 2021, led by a steering group comprising five PCC members. On behalf of the PCC, the steering group reported back to the congregation at the annual church meeting in March 2022. 

The audit considered four themes: safeguarding and vulnerability (where audit work concluded with specific recommendations at the end of the initial phase); leadership and governance; staff management and employment matters; and church culture, inclusivity and communications (where broader recommendations to continue work were made). 

A Sunday afternoon event with the congregation in February 2022 explored the topic of culture and inclusion, and the PCC remains conscious of the importance of inclusion and clear communication. 

The steering group discussed the audit recommendations with the new Rector in October 2022. This has fed into further thinking and discussion about leadership and governance structures, led by the Rector. PCC were consulted on a resulting proposal in January 2023, which it felt would help address questions raised about governance structures during the audit process. The aim is to implement the proposed changes following the annual church meeting in March 2023. 

## **Deanery Synod** 

Over the past year Deanery Synod has met four times, in February, May, September and November 2022 including presentations from Nicola Thomas, the Head of Justice, Peace and the Integrity of Creation in Southwark Diocese and John Kiddle, the Archdeacon of Wandsworth. 

Items for consideration and discussion have included: 

- Environmental issues, creation and the ecological agenda 

- Wellbeing and mental health 

- Cost of living crisis 

- Compassion projects including refugee accommodation, debt support and prisoners 

The Deanery Synod will revisit the issue of ‘eco church’ ahead of Diocesan Synod in March 2023. 

6 



## **General Synod** 

In October 2021 Rosemary Wilson was elected to General Synod. She reported back from February 2022 Synod including discussions about racial justice, in which Rosemary gave her maiden speech – safeguarding, carbon neutrality, slavery and human trafficking, amongst other issues. 

Rosemary updated that topics of General Synod in July 2022 included net carbon zero, assisted suicide, disability and the war in Ukraine, and Rosemary participated in workshops on Living in Love and Faith, racial justice, and reaching unrepresented groups. 

## **Safeguarding** 

_‘The care and protection of children, young people and vulnerable adults involved in Church activities is the responsibility of the whole Church. Everyone who participates in the life of the Church has a role to play…’  CofE House of Bishops (2017) Promoting a Safer Church._ 

From January-August 2022 the Safeguarding team at St Nicholas church was led by the PCC and Wardens – in line with diocesan safeguarding policy during an Interregnum. 

The new rector was given a safeguarding briefing on 8[th] September and access to all historic files. 

The Safeguarding Officer was Claire Tagg, with additional pastoral and administrative support provided by Sarah Piper and Ali Paterson. We are very grateful for Georgie Auty who has also joined the team and is helping to process DBS applications. 

In March 2022 Anna Thomas submitted a report to the PCC with safeguarding recommendations in light of the 31:8 Report published during 2021. These recommendations were subsequently approved by the PCC. 

Our main focus last year was providing support to staff and volunteer helpers as our ministries restarted and/or expanded as lockdown restrictions eased. 

We give thanks to God for his goodness to us, as there were no significant safeguarding concerns or issues raised during 2022. 

## **Fabric Report** 

We continue to be grateful for the building we have, and we pray that we might be able to maintain, upgrade and use it more effectively for serving the community and growing the work of the gospel in Tooting. We are also grateful for the Building Action Group (BAG) for their continued work behind the scenes in this regard. This year Ben Wighton joined BAG. 

This year has been an effective year in terms of progressing many of the longer-term improvements to the church building. 

At the beginning of the year upgrade works to the heating system and electrical sockets in the church office were improved to be safer and more appropriate for office usage. 

After receiving the formal faculty approval, the upstairs hall lighting was replaced with sports rated LED lighting in April 2022. This significantly improves the light quality and reduces our energy usage. 

7 



Decoration works to the walls are still to be completed. 

The year finished with the completion of the toilet upgrades, with the works adding two toilets on the first floor (where previously there was only one), and refreshing the two existing toilets on the ground floor. Thanks to Richard and Ben for all their work in managing the works on site. 

2022 also included the quinquennial inspection (undertaken every 5 years) and the church architect reported no major surprises issues or expenses. This report can form a useful basis for review for the new Rector in relation to priorities for the building fabric. 

8 



## **Financial review for the year ending 31 December 2022** 

Whilst income declined by only 1% overall, there were significant underlying changes. Planned giving fell by over £23,000 (11%), primarily due to givers leaving. It is thought this is in large part due to being in an interregnum and people moving out of London during/after COVID-19. Planned giving declined over the first part of the year. In the period August to October, planned giving was around £9,400 (18%) less than the same period in 2021, equivalent to a £37,000 fall on an annualised basis. Whilst a giving appeal in the early summer did little to change this, a refreshed appeal in November appears to have been more successful in reversing the decline. Planned giving in December was only 14% (£2,200) below the previous December. Significant one-off gifts were also received in the latter part of the year, with unplanned giving for the year as a whole 43% (nearly £13,000) higher than the previous year. Grants received increased by nearly £8,000, primarily because the PCC sought a £12,000 grant from the Amen Corner Trust towards the end of the year. 

Total expenditure rose by 22%, following a 12% increase in 2021. This was largely due to major building work to replace the lighting in the Upper Hall and refurbish the toilets, with expenditure on building projects over £60,000 higher than the previous year. Expenditure on Good Basic Church also increased by 8%, driven partly by increased costs associated with staff, and partly by spending more on activities, with fewer COVID-19 restrictions. Total expenditure on gospel partners fell by around £4,000, reflecting a one-off gift in 2021 following the Christmas 2020 appeal for Dakshinpuri, India. 

The combined impact was that overall funds fell by over £82,000; whilst this was largely planned given the building work, it is important that regular giving increases in the year ahead to sustain the ministry. 

## Reserves 

The PCC’s policy is to hold free reserves equivalent to two months of expenditure. These reserves are held to mitigate the risk of an unexpected drop in income or an unexpected large expenditure e.g. unexpected and expensive building repairs. For 2022 this policy would require around £65,000 in free reserves. Total funds at 31 December were around £53,000, of which around £11,000 can be used only for restricted purposes (this is the remaining value of the PA/AV system asset). 

## Looking ahead 

A significant need is for regular giving to increase; if possible, the PCC would like to add a further full-time pastoral role to the staff team, with the intention to appoint for at least three years. The Amen Corner Trust has provisionally offered support. 

## Principal Financial and Non-Financial Risks 

The principal risks include: departure from orthodox Christian faith among our own or wider church leadership; a major Safeguarding incident; being unable to recruit/retain good staff; and major repairs needed to our historic building. The PCC does its best to ensure that time is set aside specifically for the ministry of the Word and prayer; gives safeguarding training to all those working with children and vulnerable adults; and a PCC sub-committee, the Building Action Group, is active in monitoring and planning to improve the church building. 

9 



## **Independent examiner’s report to the members of the Parochial Church Council of St Nicholas Church, Tooting Graveney** 

I report to the members of the Parochial Church Council of St Nicholas Church, Tooting Graveney, on the accounts for the year ended 31 December 2022 set out on pages 11 to 20. 

## **Respective responsibilities of trustees and examiner** 

The charity’s trustees are responsible for the preparation of the accounts. 

The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Public Finance and Accountancy. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and 

- state whether particular matters have come to my attention. 

## **Basis of independent examiner’s report** 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **Independent examiner’s statement** 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep accounting records in accordance with section 130 of the Charities Act; and 

   - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

have not been met; or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Gavin A Forrest 

_Chartered Public Finance Accountant_ 

_30 Abbotsford Terrace, Darnick, Melrose, Roxburghshire, TD6 9AD Dated 10 March 2023_ 

10 



## **PCC OF ST NICHOLAS TOOTING FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **Statement of Financial Activities** 

|Note<br>**INCOME**<br>Voluntary income<br>2<br>Income from church activities<br>2<br>Income from other activities<br>2<br>Income from investments<br>2<br>**EXPENDITURE**<br>Raising funds<br>3<br>Charitable activities<br>3<br>**NET INCOME / (EXPENDITURE)**<br>Transfers between funds<br>6<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED**<br>**FORWARD**|**Unrestricted**<br>**Funds 2022**<br>£<br>288,346<br>3,571<br>1,550<br>651<br>294,118<br>(42)<br>(371,295)<br>(371,337)<br>(77,219)<br>-<br>(77,219)<br>119,456<br>**42,237**|**Restricted**<br>**Funds 2022**<br>£<br>15,237<br>-<br>-<br>-<br>15,237<br>-<br>(20,659)<br>(20,659)<br>(5,422)<br>-<br>(5,422)<br>16,266<br>**10,844**|**TOTAL 2022**<br>£<br>303,583<br>3,571<br>1,550<br>651<br>309,355<br>(42)<br>(391,954)<br>(391,996)<br>(82,641)<br>-<br>(82,641)<br>135,722<br>**53,081**|**TOTAL 2021**<br>£<br>305,536<br>1,999<br>4,475<br>505|
|---|---|---|---|---|
|||||312,515<br>(203)<br>(321,462)|
|||||(321,665)|
|||||(9,150)|
|||||-|
|||||(9,150)|
|||||144,873<br>**135,722**|



11 



## **Balance Sheet at 31 December 2022** 

|Note<br>**FIXED ASSETS**<br>9<br>**CURRENT ASSETS**<br>10<br>Debtors<br>Cash at bank and in hand<br>**LIABILITIES**<br>11<br>Due within 12 months<br>**NET ASSETS**<br>**FUNDS**|**Unrestricted**<br>**Funds 2022**<br>£<br>2,586<br>1,091<br>60,156<br>61,248<br>(21,596)<br>(21,596)<br>**42,237**<br>**42,237**|**Restricted**<br>**Funds 2022**<br>£<br>10,844<br>-<br>20<br>20<br>(20)<br>(20)<br>**10,844**<br>**10,844**|**TOTAL 2022**<br>£<br>13,430<br>1,091<br>60,176<br>61,268<br>(21,616)<br>(21,616)<br>**53,081**<br>**53,081**|**TOTAL 2021**<br>£<br>20,790<br>21,630<br>94,950|
|---|---|---|---|---|
|||||116,580<br>(1,648)|
|||||(1,648)|
|||||**135,722**|
|||||**135,722**|



The notes on the following pages form part of these financial statements. 

Approved by the Parochial Church Council and signed on its behalf by 

_Tim Dennis_ 

Revd Tim Dennis, Rector 

Dated 12 March 2023 

12 



## **NOTES TO THE FINANCIAL STATEMENTS** 

## **Note 1: Accounting Policies** 

## **Basis of preparation** 

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the historical cost convention and in accordance with the applicable accounting standard (FRS102), the Statement of Recommended Practice for Charities (SORP 2019), the Charities Act 2011, the Church Accounting Regulations 2006 governing the individual accounts of PCCs and with the Regulations’ “true and fair view” provisions. 

The trustees consider there are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern. This judgement is reached based on the current state of reserves and reasonable anticipation of future giving from church members. 

## **Income** 

- Income is recognised when the PCC is legally entitled to it, ultimate receipt is probable, and the amount can be quantified with reasonable accuracy. 

- **Grants received** are recognised when the funds are received unless pre-conditions for entitlement specified by the donor have not been met. In accordance with SORP 2019, those conditions do not include restrictions on use. Where a donor requests a refund of their grant or donation, this is shown as a reduction in net income. 

- **Gifts in kind of facilities and services** are recognised at the lower of market value or what the PCC would otherwise have paid. These are only included where material and an estimate can be reliably made. Income and expenditure are recognised at the time the service is used. The main inclusions are estimates for housing received for free or below market rent, and for the independent examination of the accounts. The PCC is very grateful to these donors. 

- **Services provided by volunteers** account for a very considerable share of the church’s activities, including children’s and youth work, most aspects of Sunday services, and reaching out to our community in Jesus’ name,. The PCC is very grateful to all those who serve in all capacities. These services are not given a financial value in the accounts unless the service is supplied by a volunteer as part of their trade or profession such that the value could be reliably measured, in line with SORP 2019, in which case they would be included as gifts in kind. 

## **Expenditure** 

- Expenditure is recognised on the accruals basis. 

- **Claims for reimbursement of expenditure** incurred by individuals on the PCC’s behalf are recognised when received (normally this means when received and approved by a church warden). 

- **Grants made** are recognised when promised, unless performance conditions attach (which is not generally the case with our grants). However, there are two exceptions, as recommended by the diocese: our payments to the diocese and our payments to the Southwark Good Stewards Trust (which are similar in kind to our grants to the diocese) are recognised in the year when they are due to be paid. 

- **Support costs** are allocated to the activity to which they most closely relate. Further details are provided in the relevant note below. 

## **Assets and Liabilities** 

- **Consecrated and benefice property** of any kind is excluded from the statutory definition of “charity” by Section 10(2)(a) and (c) of the Charities Act 2011 and therefore not included in the accounts. However, the cost of improving, maintaining and insuring such property is borne by the PCC and charged to expenditure. 

- **Fixed assets** are capitalised where they cost over £2,000 and are expected to provide valuable use for more than one year. They are valued at cost or, for gifts in kind, at a reasonable estimate of their open market value on receipt. Depreciation is calculated over 5 years on a straight-line basis, with a full year in the year of addition, none in the year of disposal. Fixed assets with nil carrying value at the start of the financial year are excluded in entirety from the financial statements. 

13 



- **Debtors** are recognised when legally due, receipt is probable and capable of being reliably measured. They are measured at settlement amount and not discounted for time. 

- **Cash at bank and in hand** comprises all cash and bank deposits held by the PCC which can be accessed within 12 months. 

- **Liabilities** are recognised where the PCC has a present obligation resulting from a past event which will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. They are measured at settlement amount and not discounted for time. 

- **Funds received as agent** comprise funds received by the PCC on behalf of another body (most commonly statutory fees for weddings and funerals received on behalf of the Diocese), which are then paid out to that body. These are not recognised as income or expenditure. 

## **Funds** 

- **Unrestricted funds** represent the income funds of the PCC that are available for spending on the general purposes of the PCC. 

- **Restricted funds** are income funds where the donor has given a specific purpose. Details of the funds held and applicable restrictions are shown in the notes to the accounts. 

14 



## **Note 2: Income** 

|**VOLUNTARY INCOME**<br>Planned giving<br>Unplanned giving<br>Gift Aid<br>Grants<br>Gifts in kind<br>**INCOME FROM CHURCH ACTIVITIES**<br>Statutory fees from weddings etc<br>Other income from Core Pastoral Ministry<br>Local Mission<br>Other<br>**INCOME FROM OTHER ACTIVITIES**<br>Lettings<br>**INCOME FROM INVESTMENTS**<br>Bank interest<br>**TOTAL INCOME**|**Unrestricted**<br>**Funds 2022**<br>£<br>180,040<br>41,814<br>43,918<br>4,835<br>17,740<br>288,346<br>462<br>1,069<br>2,040<br>-<br>3,571<br>1,550<br>1,550<br>651<br>651<br>**294,118**|**Restricted**<br>**Funds**<br>**2022**<br>£<br>-<br>20<br>-<br>15,217<br>-<br>15,237<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**15,237**|**TOTAL**<br>**2022**<br>£<br>180,040<br>41,834<br>43,918<br>20,052<br>17,740<br>303,583<br>462<br>1,069<br>2,040<br>-<br>3,571<br>1,550<br>1,550<br>651<br>651<br>**309,355**|**TOTAL**<br>**2021**<br>£<br>203,434<br>29,159<br>43,400<br>12,303<br>17,240|
|---|---|---|---|---|
|||||305,536<br>995<br>535<br>331<br>139|
|||||1,999<br>4,475|
|||||4,475<br>505|
|||||505<br>**312,515**|



£3,135 was received in total from 1 government grant, representing a refund of VAT on repair work to the church building. No income was received from overseas or from government contracts. There were around 100 donors. 

15 



## **Note 3: Expenditure** 

|**RAISING FUNDS**<br>**CHARITABLE ACTIVITIES**<br>Core Pastoral Ministry<br>Local Mission<br>Gospel Partners<br>Church Building<br>General running costs<br>Planned projects<br>**Total Charitable Activities**<br>**TOTAL EXPENDITURE**|**Unrestricted**<br>Direct<br>costs<br>Grants<br>Support<br>Costs<br>**TOTAL**<br>**2022**<br>£<br>£<br>£<br>£<br>**39**<br>**-**<br>**3**<br>**42**<br>90,885<br>50,100<br>43,704<br>**184,689**<br>4,718<br>-<br>361<br>**5,079**<br>1,785<br>52,905<br>4,187<br>**58,877**<br>29,646<br>-<br>5,797<br>35,443<br>80,621<br>-<br>6,585<br>87,206<br>110,267<br>-<br>12,381<br>**122,649**<br>**207,656**<br>**103,005**<br>**60,633**<br>**371,295**<br>**207,696**<br>**103,005**<br>**60,637**<br>**371,337**|**Restricted**<br>Direct<br>costs<br>Grants<br>Support<br>Costs<br>**TOTAL**<br>**2022**<br>£<br>£<br>£<br>£<br>**-**<br>**-**<br>**-**<br>**-**<br>15,217<br>-<br>-<br>**15,217**<br>-<br>-<br>-<br>**-**<br>-<br>20<br>-<br>**20**<br>-<br>-<br>-<br>-<br>5,422<br>-<br>-<br>5,422<br>5,422<br>-<br>-<br>**5,422**<br>**20,639**<br>**20**<br>**-**<br>**20,659**<br>**20,639**<br>**20**<br>**-**<br>**20,659**|**TOTAL**<br>**2022**<br>£<br>**42**<br>**199,907**<br>**5,079**<br>**58,897**<br>35,443<br>92,628<br>**128,071**<br>**391,954**<br>**391,996**|**TOTAL**<br>**2021**<br>£<br>**203**<br>**185,756**<br>**7,495**<br>**62,974**<br>34,242<br>30,995|
|---|---|---|---|---|
|||||**65,237**|
|||||**321,462**|
|||||**321,665**|



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## **Note 4: Grants made** 

|**CORE PASTORAL MINISTRY**<br>Southwark Diocese<br>**GOSPEL PARTNERS**<br>**Mission in Southwark**<br>Southwark Diocese<br>Southwark Good Stewards Trust (for St Mary's Summerstown)<br>**Other mission partners**<br>SIM International UK<br>St George's Christian Union<br>CEEC<br>CPAS<br>London City Mission<br>True Freedom Trust<br>Langham Partnership UK & I<br>South Asian Concern<br>UCCF<br>GAFCON<br>**Relief of Christians**<br>Open Doors<br>**General relief**<br>Tearfund<br>Medair UK<br>South Asian Concern<br>Royal British Legion<br>**SUPPORT COSTS**<br>Southwark Diocese<br>**TOTAL GRANTS MADE**|**New**<br>**commitments**<br>£<br>50,100|
|---|---|
||**50,100**<br>18,000<br>11,080|
||29,080<br>5,000<br>250<br>1,200<br>1,000<br>1,500<br>1,000<br>3,250<br>3,500<br>1,500<br>250|
||18,450<br>3,375<br>500<br>500<br>1,000<br>20|
||2,020|
||**52,925**|
||**13,800**<br>**116,825**|



All grants are to institutions. 

Support costs relating to grant-making activity are those for Gospel Partners (see note 3). Most support is in any event provided by volunteers. 

Grants to Southwark Diocese, shown above, totalled £81,900 (2021: £80,592). These grants are unrestricted; however, in line with activity-based reporting, they have been apportioned in these financial statements to their likely uses in relation to the mission and charitable aims of St Nicholas Tooting as shown above. Those under “core pastoral ministry” relate to the Rector’s costs including housing; the amount under “gospel partners” includes training of curates and others, support for diocesan schools and Welcare; “support costs” include contributions to the wider national church, bishops and parish support and governance, including safeguarding. To aid comparability between years, and because 

17 



the absence of a Rector does not affect our grant to the diocese, no adjustment has been made to reflect the vacancy for the Rector. 

**Note 5: Allocation of support costs** 

|Governance<br>Diocese overheads<br>Admin staff<br>Other admin|**Unrestricted**<br>**Funds 2022**<br>£<br>650<br>13,800<br>35,278<br>10,909<br>**60,637**|**Restricted**<br>**Funds 2022**<br>£<br>-<br>-<br>-<br>-<br>**-**|**TOTAL**<br>**2022**<br>£<br>650<br>13,800<br>35,278<br>10,909<br>**60,637**|**TOTAL**<br>**2021**<br>**Basis of allocation**<br>**to activities**<br>£<br>600<br>Expenditure<br>12,510<br>Expenditure<br>36,219<br>Time<br>11,810<br>Expenditure<br>**61,139**|
|---|---|---|---|---|



Most support is provided by volunteers, for which the PCC is very grateful. Whilst it is difficult to count exactly how many people volunteer as so much support is provided in so many different ways, there are approximately 60 excluding trustees, and this is the figure reported to the Charity Commission for the number of volunteers excluding trustees. 

**Note 6: Summary of fund movements** 

|Pastoral staff costs<br>Cornhillers<br>Youth Work<br>Special collections<br>Building Projects<br>Total Restricted Funds<br>Total Unrestricted Funds<br>TOTAL FUNDS|**At start of**<br>**year**<br>£<br>-<br>-<br>-<br>-<br>16,266<br>**16,266**<br>**119,456**<br>**135,722**|**Income**<br>**Expenditure**<br>**Transfers**<br>£<br>£<br>£<br>12,000<br>(12,000)<br>2,667<br>(2,667)<br>550<br>(550)<br>20<br>(20)<br>-<br>(5,422)<br>15,237<br>(20,659)<br>-<br>294,118<br>(371,337)<br>-<br>309,355<br>(391,996)<br>-|**At end of**<br>**year**|
|---|---|---|---|
||||£|
||||-|
||||-|
||||-|
||||-|
||||10,844|
||||10,844|
|||||
||||42,237|
|||||
||||**53,081**|



Funds are as described above. 

The Special Collections fund comprises funds raised electronically for the Royal British Legion. 

The Building Projects fund is entirely comprised of the PA/AV system fixed asset, and the expenditure shown is the depreciation charge for the asset. 

None of our grants received had conditions limiting recognition. 

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## **Note 7: Staff costs** 

|**ote 7: Staff costs**|||
|---|---|---|
|Salaries<br>Employer pension contributions<br>Social security<br>Accommodation (including implicit value)|**TOTAL**<br>**2022**<br>£<br>86,340<br>6,873<br>1,096<br>28,644<br>**122,952**|**TOTAL**<br>**2021**<br>£<br>83,091<br>6,686<br>2,175<br>28,747|
|||**120,699**|



The average headcount was 5 (2021: 5), in addition to the Rector who is not a member of staff. Headcount includes our cleaner. No employee received benefits over £60,000. Total benefits for the highest paid member of staff were £53,243. The PCC operates a defined contribution pension scheme; its costs are allocated to activities in the same proportion as associated staff costs and a proportionate share is paid from the relevant restricted fund if appropriate. 

## **Note 8: Trustees and Related Parties** 

## **Trustees’ remuneration, expenses and donations** 

The charity’s trustees are the PCC members. None of the trustees have been paid any remuneration for their role as a member of the PCC. The Rector is not an employee of the PCC. 

One trustee was employed by the PCC in a pastoral role, for the whole year: Sarah Piper, who became a trustee after (and by virtue of) her staff appointment in 2018. The legal authority for this arrangement is Section 3A of the Parochial Church Councils (Powers) Measure 1956. In line with the PCC’s aim to treat her as equivalent to a curate for pay and conditions, total benefits were £53,243: gross pay was £27,626; pension contributions were £4,973; accommodation was estimated to be worth £20,644, of which £9,240 was a gift in kind. She was not remunerated for being a trustee. 

No trustee had expenses met by the charity to help them fulfil their duties as a trustee. 

Monetary donations totalling approximately £72,000 were received from trustees. None came with conditions (excluding special appeals). Some staff accommodation was provided for free by trustees. 

## **Related parties** 

CJ Davis and Tim Dennis are ex-officio trustees of the Tooting Graveney Educational Charity. The charity’s objects specifically provide for funds for our youth work, among a range of other objectives, and the PCC received £550. 

Michael Paterson’s wife, Ali, is employed by the PCC. This employment predates his election to the PCC. Gross pay was £15,660 and pension £783. 

## **Independent Examiner** 

£100 gift voucher will be given to the independent examiner of the 2022 accounts, with the financial value of the rest of the work treated as a gift in kind, for which we are grateful. The independent examiner did not provide any other assurance services, tax advisory services or other financial services. The same was true in respect of the 2021 accounts. 

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## **Note 9: Fixed Assets** 

|**Actual cost**<br>At start of year<br>Additions<br>At end of year<br>**Depreciation**<br>At start of year<br>Charge for year<br>At end of year<br>**Net book value**<br>At start ofyear|**Equipment**<br>**(unrestricted)**<br>£<br>9,689<br>-<br>9,689<br>(5,166)<br>(1,938)<br>(7,104)<br>4,523|**Equipment**<br>**(unrestricted)**<br>£<br>9,689<br>-<br>9,689<br>(5,166)<br>(1,938)<br>(7,104)<br>4,523|**Equipment**<br>**(restricted)**<br>£<br>27,111<br>-<br>27,111<br>(10,844)<br>(5,422)<br>(16,266)<br>16,266|**Equipment**<br>**(restricted)**<br>£<br>27,111<br>-<br>27,111<br>(10,844)<br>(5,422)<br>(16,266)<br>16,266|**TOTAL**<br>£<br>36,800<br>-|
|---|---|---|---|---|---|
||||||36,800<br>(16,010)<br>(7,360)|
||||||(23,370)<br>20,790|
|**At end of year**|2,586||10,844||13,430|



## **Note 10: Current Assets** 

||**Unrestricted**<br>**Funds 2022**<br>£<br>1,091<br>-<br>1,091<br>60,156<br>**61,248**|**Restricted**<br>**Funds 2022**<br>£<br>-<br>-<br>-<br>20<br>**20**|**TOTAL 2022**<br>£<br>1,091<br>-<br>1,091<br>60,176<br>**61,268**|**TOTAL 2021**<br>£<br>21,630<br>-|
|---|---|---|---|---|
|**Debtors**|||||
|Gift Aid not yet claimed or paid|||||
|Trade debtors|||||
|**Cash at bank and in hand**<br>**TOTAL CURRENT ASSETS**||||21,630<br>94,950<br>**116,580**|



## **Note 11: Liabilities** 

|**Note 11: Liabilities**|||||
|---|---|---|---|---|
||**Unrestricted**<br>**Funds 2022**<br>£<br>-<br>(19,033)<br>(1,600)<br>(963)<br>-<br>(21,596)<br>**(21,596)**|**Restricted**<br>**Funds 2022**<br>£<br>(20)<br>-<br>-<br>-<br>-<br>(20)<br>**(20)**|**TOTAL 2022**<br>£<br>(20)<br>(19,033)<br>(1,600)<br>(963)<br>-<br>(21,616)<br>**(21,616)**|**TOTAL 2021**<br>£<br>-<br>(1,646)<br>-<br>-<br>(2)|
|**Liabilities due within 12 months**|||||
|Accruals for grants payable|||||
|Trade creditors|||||
|Accruals and deferred income|||||
|Payroll liabilities|||||
|Funds received as agent|||||
|||||(1,648)|
|||||**(1,648)**|
|**TOTAL LIABILITIES**|||||



20