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2024-12-31-accounts

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

ANNUAL REPORT & FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Legal and Administration

Current Trustees: Rev Tim Dennis Chair
Rosemary Wilson
Nicola Houghton
Lizzie Williams
Michael Paterson
Lawal Afuwape resigned 21 April 2024
Wakako Hirose
Pam Smith
Andy Wilson
Sarah Piper
David Thomas Treasurer
Richard Gurney Vice chair
David Chamberlain
Dr James Buchanan resigned 21 April 2024
Garth Wilson resigned 21 April 2024
Beth Harries
Reeta Laxman
Grace Waterhouse
Alex Fitzgerald appointed 21 April 2024
Alastair Punch appointed 21 April 2024
Andrea Nogueiro appointed 21 April 2024
Robert Schofield
Rector: The Revd Tim Dennis
Principal Address: St. Nicholas Church
Church Lane
London
SW17 9PP
Independent Examiner: Accounting Without Borders
St Mary's Court
The Broadway
Amersham HP7 0UT
United Kingdom
Bankers: CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill, West Malling
Kent
ME19 4QJ

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

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.

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 ex-officio members of the PCC: The Incumbent Tim Dennis, the chairman The Churchwardens Rosemary Wilson, the vice-chairman James Buchanan (until the APCM in April 2024), replaced by Richard Gurney

The parish representatives on the Deanery Synod (ex officio members of the PCC) prior to the last APCM in April 2024 were:

Pam Smith Richard Gurney Sarah Piper Beth Harries

The parish representatives on the Deanery Synod (ex officio members of the PCC) from the last APCM in April 2024 were:

Pam Smith Alex Fitzgerald Sarah Piper Beth Harries

In October 2021 Rosemary Wilson was elected to the General Synod and therefore has since also been a member of the Diocesan Synod and Deanery Synod.

The members of the PCC prior to the APCM on 21st April 2024 were:

Lawal Afuwape Reeta Laxman Grace Waterhouse David Chamberlain Michael Paterson Lizzie Williams Wakako Hirose Robert Schofield Andy Wilson Nicola Houghton David Thomas Garth Wilson The elected members of the PCC from the APCM on 21st April 2024 were: Andrea Nogueiro Reeta Laxman Grace Waterhouse David Chamberlain Michael Paterson Lizzie Williams Wakako Hirose Robert Schofield Andy Wilson Nicola Houghton David Thomas Alastair Punch

The PCC organises its business by general discussion as a full committee and delegation of particular tasks to committees and individuals reporting back to the PCC. The Standing Committee is the only committee required by law and has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.

From 21st April 2024, the Treasurer was David Thomas (resigned in December 2024), the Secretary was Andrew Wilson and the Electoral Roll Officer was Liz Buchanan. Over the last year the HR Advisor was Michael Paterson, the Safeguarding Officer was Grace Waterhouse, and the Health and Safety Officer was Liz Buchanan.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

Review of the Year

Looking back on 2024 at St Nicholas, we have many encouragements to thank God for. We're particularly grateful for the personal sacrifices made by our church family - giving time, energy and resources to support all aspects of church life, often behind the scenes.

Our community outreach was successful with the return of our Pumpkin Party and the new Easter event, both attracting many local families. Christmas services and events were well attended, with our additional services allowing us to welcome more people than before. Summer brought our first Tooting Questions event, creating good conversations in our community and developing connections with people who might not otherwise engage with us. We're pleased this continues through our partnership with St Mary’s Summerstown.

Our ministry to older members expanded with the launch of our Engage Community Lunch for the over 60s, providing regular fellowship and hot meals. The Holiday at Home programme was also a great success, offering those who can't travel a chance to enjoy activities and companionship.

The new 35+ Group socials have been a welcome addition, and we're thankful for the opportunities they've provided for this age group to connect and build meaningful relationships.

The Connect group (18-35s) continued with its monthly rota of lunches, brunches and socials, allowing this group to dig deeper into God's word together. Another successful Connect Weekend Away in the summer strengthened relationships through shared time together.

Our children's ministry is a big encouragement with the busy Sunday Club session and it was good to see a mixture of church and non-church kids at our August Holiday Club. For older children, it's been great to see increased stability in attendance and growth in numbers in our CYFA and Pathfinders groups, both on Sundays and at the various socials throughout the year.

On Sundays, our teaching covered various topics. We began with New Testament passages about living as God's people, studied Old Testament books including Haggai and Ezekiel, and finished with our ongoing series in Hebrews.

As we reflect on these blessings, we thank God for his guidance and look forward to continuing our work together in the coming year.

Core Pastoral Ministry

Church attendance

In March 2024 a revised Church Electoral Roll was prepared. There were 163 on the Electoral Roll at the end of the year, 128 of whom were not resident in the parish. 5 were removed, 4 having moved from the parish and 1 deceased.

The average Sunday attendance in 2024 was 179 adults and children, across all of our activities.

Children and Youth

Holiday Club

At the end of August we ran an action-packed, Tooting Olympics Holiday Club with around 40 primary-schoolaged children from Tooting. This took place over the course of three mornings, with a Sunday Celebration service with BBQ as usual. A lot of fun was had with Olympic themed crafts and games. We were grateful for enough

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

volunteers to allow the small group bible study times to be well structed and appropriate for different aged/ability children in each group. It was great to see children learning about Jesus and hosting their families at the BBQ.

- Sunday Club (3 11 yrs)

We have continued to run Sunday Club, which have been attended by around 25-30 children on average, with some weeks exceeding this number. We have had a few children bringing their friends, who have started to come regularly! Praise God for so many children learning about Jesus week on week. From September 2024 to March 2025, children learnt about God's character, big plan and faithfulness through his promises to Abraham, Isaac and Jacob, and Christmas series.

We are grateful for the Sunday Club leaders who joyfully serve in this ministry, especially as it requires preparation during the week and attending church both in the morning and the evening. We remain stretched for leaders from time to time, and pray for more leaders to join the Sunday Club team.

- Pathfinders (11 14 yrs)

2024 was a great year for Pathfinders.

We enjoyed a number of socials with the highlight being the ‘Big Day Out’ trip to Chessington World of Adventures in the Summer. The young people really enjoyed it and we hope to make a summer trip an annual event from now on. Consistently good numbers of young people have attended Pathfinders on a Sunday – sometimes as many as 12 – which is very encouraging. They respond well in lessons, ask lots of questions and generally engage with the material being taught. We went through a series on core Bible doctrines and leaders also shared their testimonies..

Our leaders team grew in September with the new member fitting into the group really well. We are incredibly blessed to have other volunteers who have continued to assist once a month. This reduces the amount of teaching requirements and is much appreciated.

Overall, we feel that through 2024 Pathfinders was in a really good place and it has been a joy to see friendships made and strengthened. After a good few years of tinkering with the format, we feel that we have finally settled on a youth group that benefits all involved.

- CYFA (14 18 yrs)

The CYFA group continues to be an encouragement to the leaders. We’ve tried new things this year including a social involving a treasure hunt in IKEA and the first CYFA Weekend Away, which took place in Autumn 2024. The weekend was a wonderful, relaxed time in the countryside where the teens got to know each other a lot better and seemed to genuinely enjoy time studying the book of Ruth in talks and Bible studies. Since then we've looked at the seven letters to the churches in Revelations which was a challenging message, and we are currently in a series on the foundational doctrines of our faith.

The teenagers all live very busy lives at school and the weekend but we are always encouraged by there being a regular group each week at CYFA. We are in the process of growing our team of CYFA leaders and trust that God will raise up people to support this youth work. Some of the teenagers can feel at a bit of a loose end on Sundays after church, so we also hope and pray that the church family will continue to support the discipleship of the group by getting alongside and chatting to them when they are with their families at church, to help them know they are valued individuals in the St Nic’s church family.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

Connect

Our Connect group is for those aged 18-35 and has the aims of helping one another to Connect with God, Connect with each other and Connect with our communities (Discipleship, Friendship and Evangelism).

This year we have been blessed with two new members who have joined the leadership team. We run a range of monthly activities designed to help us meet our aims. Typically this involves a lunch hosted by a family at church, a Saturday morning brunch with a light discussion on a relevant topic, and socials. Our brunches have included topics such as how we honour our parents as adults, impostor syndrome, what the Bible says about money, hospitality, and mental health. Those in Connect are also encouraged to be part of a prayer triplet or quad, where they can regularly meet to pray for and encourage one another.

It continues to be encouraging to see this ministry grow, both in terms of new people and in depth of fellowship and joy in the Lord. Those who are part of Connect continue to actively serve at church in a host of different ways and we are really grateful for them being in our church family. We would love to continue to grow in friendship and discipleship and are considering about how we can encourage more focus on evangelism.

Each summer we have been able to hold a Connect weekend away in Kent. Last year, we were joined by a fantastic speaker who taught us about how we relate to the 3 persons of the Trinity. We are currently planning our weekend for this year.

Small Group Ministries

In term time we have continued to run weekly house group Bible studies on Tuesday evenings. These have followed our sermon series topics and around 70 people have signed up to attend a small group.

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.

Our monthly prayer and small group central meetings have provided opportunities to come together as a larger group to pray and think more deeply about Christian issues, helped by a variety of guest speakers.

Local Mission

Engage (Over 60s)

Engage, the weekly group for over 60s, has held a full programme with weekly Bible Studies in Luke, Zechariah and John. We have revamped the first of the month outreach meeting; it is now called Engage Community lunch, and as the name suggests it includes lunch, a Christian thought for the day, and activities such as scrabble, craft, reading the papers, jigsaw, knitting and keep fit. A member of the church family is leading this, and the new format has proved very popular with 50 – 60 coming each month. We are grateful for those who come and help with cooking, setting tables and washing up; if you are available on a Thursday afternoon and able to help, please do get in touch.

A successful Holiday at Home was held in May half term with 3 talks based on famous hymns. Christmas was celebrated with our biggest ever lunch in mid-December and our Rector 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 Engage meetings and their family is kept in touch with.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

Outreach

Over the last year it has been encouraging to be able to continue increase our connection with the local community. The new Easter Event, Pumpkin Party and Christmas in the Yard events were really well attended by those who live nearby. It was a particular highlight to be able to welcome children from two local schools to sing at the Christmas in the Yard events.

Our toddler and baby, stay and play group, Friday Frogs continues to grow and is at capacity most weeks. The ‘Bumps and Babies’ group has also attracted a good number of people week by week and receives regular positive feedback. Our Book Table continues to engage with people on the high street on the 3[rd] Saturday each month.

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. The Engage Holiday at Home event and our Holiday Bible club were attended by those within and outside the church family. Our Christmas services were very well attended and again saw a significant increase in numbers from the previous year, helped by being able to hold two Children’s Carol Services (as opposed to one since Covid) and the new Carols at the Antelope.

We held our first Tooting Questions event in July 2024 and look forward to this growing into a way to have open conversations about core Christian truths with our community.

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

Mission Partners

Deanery Synod

Discussions have included that the Church of England has set 2030 as the target date to achieve ‘net zero’, which is acknowledged by the Deanery as being unrealistic. Deanery shared progress and challenges; a significant challenge being the lengthy process of ‘faculty’ approval to proposed changes. All churches should have completed an eco church survey. Recommendations included that all churches having a ‘Climate Sunday’ focus in sermon and the establishment of a deanery eco- forum.

Kingston Racial Justice Group presented to the Deanery Synod. Members agreed the need for visible signs of diversity in leadership roles and ‘high profile’ areas of serving. Members reminded that anyone involved in appointments to any role in the diocese should have undergone training in recognising unconscious bias.

Training routes for lay ministry were discussed. St. Nicholas raised ‘Cornhill’ training which was omitted from the presentation. It was acknowledged that ‘Cornhill’ was a valuable route for ‘evangelical’ churches.

Activities and strategies were shared among member churches for ministry for ‘older people’.

General Synod

One of our Churchwardens continued in her role of General Synod Lay Rep for the Diocese of Southwark and attending two sessions in February and July 2024 and was a Working Group Member for Pastoral Reassurance in response to the possibility of Prayers of Love and Faith bespoke services and clergy being allowed to enter same sex marriage. Safeguarding and changes to the structure of the National Church were also pieces of significant legislative business.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

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.

In 2024 the team were our Rector, Church Operations Manager, Sunday Club Leader, CYFA Leader and two further volunteers.

In 2024 the following topics were discussed:

Annual maintenance and building checks were carried out. The graveyard floodlights were repaired by the local council, the new stage lighting was installed in the auditorium and minor works were undertaken in the base to try and control the inflow of water.

Proposed works for 2025 include:

Governance

PCC and its Subcommittees

The PCC met 8 times in 2024 (7 full meetings and one short meeting after the APCM) and average attendance was 77 percent. We continue to praise God for Jesus-centred discussions and good disagreement on the PCC over this last year and for good progress across a wide range of areas. This year, among other things, PCC discussions have focused on:

Sub-committees of the PCC met between meetings and minutes of their meetings were received by the PCC and discussed as necessary. Those sub-committees, were:

  1. The Standing Committee, comprising the meetings of the Standing Committee and the Finance Committee, consisting of the Rector, Wardens, Treasurer, Elizabeth Williams, Richard Gurney (elected to the role of Warden in April 2024) and Pam Smith (from September 2024), with Ali Paterson (Liz Buchanan from May 2024) attending as Director of Operations and taking minutes.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

  1. Building Action Group, consisting of PCC and non-PCC members and chaired by Christian Dimbleby.

  2. World Mission Committee, consisting of PCC and non-PCC members and chaired by Sarah Piper.

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.

The Safeguarding Officer was Grace Waterhouse, with the Core Safeguarding Team being made up of the PSO, Rector and Women’s Worker. Additional administrative support was provided by Jane Dennis as DBS Administrator, and by members of the staff team.

We thank God for no significant safeguarding issues being raised over the past year. We have worked closely with the Diocese Safeguarding team and other local bodies, and, alongside day to day safeguarding responsibilities, the focus for the year has been on firming up reporting responsibilities and safeguarding training of the core team and those involved in caring roles.

The 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).

Financial review for the year ending 31 December 2024

Income decreased from 2023 by 11%, this was due to high value of one-off grants given in 2023. Non-grant giving increased in 2024. Planned giving rose 6%, mainly due to existing givers increasing giving and unplanned giving rose by 28%.

Total expenditure increased by 4%. This was lower than budgeted due to delays in spending building funds. Staff costs grew by 10%.

The combined impact was that overall funds decreased by £9,108.

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 large expenditure e.g. unexpected and expensive building repairs. For 2024 this policy would require around £61,000 in free reserves. Total funds at 31 December 2024 were around £92,296, of which less than £100 can be used only for restricted purposes.

Looking ahead

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. Recruitment started for an Assistant Minister post at the end of 2024 with appointment proposed for early 2025. This process has been complicated by a lack of clarity from the Diocese about their intention to grant a licence for this post.

The 2025 budget is showing a drop in reserves below the PCC policy level, ending the year with around two thirds of our policy of holding 2 months' expenditure in reserve. However, it is uncertain that we will spend as much as this. It is possible (but not certain) that the costs of an extra pastoral staff member may be balanced by a grant from Amen Corner Trust. It will take concerted effort to spend the proposed building projects budget for 2025. Admin cost will vary depending on costs for external finance support. Our income is still very largely dependant on the generosity of the congregation.

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Trustees Report For the year ended 31st December 2024

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.

Statement of Trustees’ Responsibilities

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.

In preparing these financial statements the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Key controls used by the Church

The church follows good practice guidelines appropriate to charities of its size. These include

Governance

Finance

Trustees are responsible to

Compliance with the law and regulations.

The trustees ensure up-to-date knowledge of charity requirements, employment laws and taxation requirements.

Independent Examiner

Accounting Without Borders were appointed as the charity’s examiners during the year.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and in accordance with the Charities Act.

Revd Tim Dennis, Rector Date: May 13 2025

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Independent Examiner's Report to the trustees of The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney

I report on the accounts of The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

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 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the 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 you as 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.

Accounting Without Borders St Mary's Court The Broadway Amersham HP7 0UT United Kingdom

11

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Statement of Financial Activities

(including Income and Expenditure Account) For the year ended 31st December 2024

Note
INCOME
Voluntary income
2
Income from church activities
2
Income from other activities
2
Income from investments
2
EXPENDITURE
Raising funds
3
Charitable activities
3
NET INCOME /
(EXPENDITURE)
Transfers between funds
6
NET MOVEMENT IN
FUNDS
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
Funds 2024
£
312,920
9,613
10,060
2,957
335,550
(56)
(326,055)
(326,111)
9,438
-
9,438
82,784
92,222		 Restricted
Funds 2024
£
20,817
-
-
-
20,817
-
(39,363)
(39,363)
(18,546)
-
(18,546)
18,620
74		 Total 2024
£
333,737
9,613
10,060
2,957
356,367
(56)
(365,419)
(365,474)
(9,108)
-
(9,108)
101,403
92,296		 Total 2023
£
381,454
6,431
9,552
1,857
399,294
(202)
(350,770)
(350,972)
48,322
-
48,322
53,081
101,403

All transactions are derived from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities.

12

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Statement of Financial Activities

(including Income and Expenditure Account) For the year ended 31st December 2023

Note
INCOME
Voluntary income
2
Income from church activities
2
Income from other activities
2
Income from investments
2
EXPENDITURE
Raising funds
3
Charitable activities
3
NET INCOME /
(EXPENDITURE)
Transfers between funds
6
NET MOVEMENT IN
FUNDS
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
Funds 2023
£
294,394
6,431
9,552
1,857
312,233
(202)
(271,485)
(271,687)
40,546
-
40,546
42,237
82,784		 Restricted
Funds 2023
£
87,061
-
-
-
87,061
-
(79,285)
(79,285)
7,776
-
7,776
10,844
18,620		 TOTAL
2023
£
381,454
6,431
9,552
1,857
399,294
(202)
(350,770)
(350,972)
48,322
-
48,322
53,081
101,403

All transactions are derived from continuing activities. All recognised gains and losses are included in the Statement of Financial Activities.

13

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Balance Sheet at 31st December 2024

Note
FIXED ASSETS
9
CURRENT ASSETS
10
Debtors
Cash at bank and in hand
LIABILITIES
11
Due within 12 months
NET ASSETS
FUNDS		 Unrestricted
Funds 2024
£
3,476
41,861
73,355
115,215
(26,469)
(26,469)
92,222		 Restricted
Funds 2024
£
1,921
400
(2,247)
(1,847)
-
-
74		 Total 2024
£
5,397
42,261
71,108
113,368
(26,469)
(26,469)
92,296
92,296		 Total 2023
£
13,192
11,769
101,686
113,456
(25,245)
(25,245)
101,403
92,222 74 101,403

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

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

Revd Tim Dennis, Rector Date: May 13 2025

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Statement of Cash Flow for the year ended 31st December 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Additions in fixed assets
Decrease in trade and other receivables
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
(9,108)
7,796
(2,957)
-
(30,491)
1,225
(33,536)
2,957
(30,579)
-
(30,579)
101,686
71,108
71,108
71,108		 2023
£
48,322
7,796
(1,857)
(7,558)
(10,678)
3,629
39,653
1,857
41,510
-
41,510
60,176
101,686
101,686
101,686

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024

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

Expenditure

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The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Assets and Liabilities

Funds

17

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 2: Income

VOLUNTARY INCOME
Planned giving
Unplanned giving
Gift Aid
Grants
Gifts in kind
INCOME FROM CHURCH
ACTIVITIES
Statutory fees from weddings etc
Other income from Core Pastoral Ministry
Local Mission
Other
INCOME FROM OTHER
ACTIVITIES
Lettings
Other fundraising
INCOME FROM INVESTMENTS
Bank interest
TOTAL INCOME		 Unrestricted
Funds 2024
£
198,961
42,458
53,274
227
18,000
312,920
680
2,972
5,862
100
9,613
9,980
80
10,060
2,957
2,957
335,550		 Restricted
Funds
2024
£
-
-
-
20,817
-
20,817
-
-
-
-
-
-
-
-
-
-
20,817		 Total 2024
£
198,961
42,458
53,274
21,044
18,000
333,737
680
2,972
5,862
100
9,613
9,980
80
10,060
2,957
2,957
356,367		 Total 2023
£
187,716
28,712
42,406
107,459
15,160
381,454
792
1,627
3,826
185
6,431
9,480
72
9,552
1,857
1,857
399,294

£20,317 was received as a grant towards our pastoral costs, £500 was received as a grant for Engage ministry. No income was received from government contracts. There were around 80 individual donors.

18

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 3: Expenditure

RAISING FUNDS
CHARITABLE
ACTIVITIES
Core Pastoral Ministry
Local Mission
Gospel Partners
Church Building
General running costs
Planned projects
Total Charitable Activities
TOTAL EXPENDITURE		 Unrestricted
Direct
costs
Grants
Support
Costs
Total
2024
£
£
£
£
56
-
-
56
104,809
51,200
58,110
214,120
5,301
1,086
6,823
13,210
-
44,775
1,567
46,342
39,551
-
7,835
47,386
4,645
-
352
4,998
44,196
-
8,188
52,384
154,307
97,061
74,688
326,055
154,362
97,061
74,688
326,111		 Restricted
Direct
costs
Grants
Support
Costs
Total
2024
£
£
£
£
-
-
-
-
29,696
-
-
29,696
4,246
-
-
4,246
-
-
-
-
-
-
-
-
5,422
-
-
5,422
5,422
-
-
5,422
39,363
-
-
39,363
39,363
-
-
39,363		 Total
2024
£
56
243,815
17,456
46,342
47,386
10,420
57,806
365,419
365,474		 Total
2023
£
202
228,456
21,388
49,127
42,619
9,181
51,799
350,770
350,972

19

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 4: Grants made

New commitments

New commitments
CORE PASTORAL MINISTRY
Southwark Diocese
GOSPEL PARTNERS
Mission in Southwark
St Mary's Summerstown
Other mission partners
London City Mission (LCM)
SIM International UK
St George's Christian Union
Langham Partnership UK & I
South Asian Concern
UCCF
Stream Collective
Great Truths
Crosslinks
Open Doors
CPAS Head Office
CEEC
London Gospel Partnership
True Freedom Trust
SPECIAL COLLECTIONS
Royal British Legion
TOTAL GRANTS MADE		 £
£51,200
£51,200
£20,000
£20,000
£2,586
£5,500
£500
£3,750
£3,750
£1,500
£1,500
£500
£750
£2,000
£1,000
£1,200
£250
£1,000
£25,786
£75
£97,061

All grants are to institutions.

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

Grants to Southwark Diocese, shown above, are £51,200 in core pastoral ministry and £20,000 to St Mary’s Summerstown. This totals £71,200 (2023: £80,674). The drop is due to a PCC decision to use money from this pot to cover costs for the Minister in Training. 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.

20

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 5: Allocation of support costs


Governance
Diocese overheads
Admin staff
Other admin		 Unrestricted
Funds 2024
£
1,440
-
64,512
8,736
74,688		 Restricted
Funds 2024
£
-
-
-
-
-		 Total
2024
£
1,440
-
64,512
8,736
74,688		 Total
2023
Basis of allocation
to activities
£
193
Expenditure
12,650
Expenditure
58,592
Time
7,411
Expenditure
78,846

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 70 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
Engage
Minister in training
Community events
Building Projects
Total Restricted Funds
Total Unrestricted Funds
TOTAL FUNDS		 At start of
year
£
-
-
9,379
3,819
5,422
18,620
82,784
101,403		 Income
Expenditure
Transfers
£
£
£
-
-
500
(500)
20,317
(29,696)
-
(3,746)
-
(5,422)
20,817
(39,364)
-
335,550
(326,111)
-
356,367
(365,474)
-		 At end of
year
£
-
-
-
73
-
73
92,223
92,296

Funds are as described above.

The Community Events fund has been used for the Coronation, Christmas in the Yard and similar community events. Some of this funding has been used to purchase equipment (fixed assets), and depreciation on this equipment will be an expense to this fund in future years.

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.

Engage Fund – Funds donated for costs associated with Engage Community Lunch, which is a monthly lunch for the over 60’s involving food and activities.

Minister in Training Fund – funds donated towards the costs of theological college for the minister in training on staff (Ben Weighton)

None of our grants received had conditions limiting recognition.

21

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 7: Staff costs

Salaries
Employer pension contributions
Social security
Accommodation (including implicit value)		 Total 2024
£
131,966
11,564
7,420
29,749
180,700		 Total 2023
£
123,766
9,182
4,829
26,073
163,849

The average headcount was 6 (2023: 6), in addition to the Rector who is not a member of staff. Headcount includes our cleaner. One employee received benefits over £60,000; the highest benefits for the employee were £65,604. 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 £65,604: gross pay and pension contributions were £35,855 and accommodation was estimated to be worth £29,749, of which £18,000 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 £102,985 were known to be received from trustees. Donations received anonymously cannot be ascribed. None came with conditions (excluding special appeals).

Related parties

Michael Paterson’s wife, Ali, was employed by the PCC until May 2024. This employment predates his election to the PCC. Gross pay and pension was £7,504.

James Buchanan’s wife, Liz, was employed by the PCC for all of 2024. James ceased to be a Trustee in April 2024 at the APCM. Gross pay and pension was £44,556.

Dave Chamberlain’s wife, Erin, was employed by the PCC from September 2024. Gross pay and pension was £1,640.

Tim Dennis is a trustee of Stream Collective which received a £1500 grant.

22

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Independent Examiner

The independent examiner did not provide any other assurance services, tax advisory services or other financial services other our accounting and payroll software.

Note 9: Fixed Assets

Actual cost
At start of year
Additions
At end of year
Depreciation
At start of year
Charge for year
At end of year
Net book value
At start ofyear		 Equipment
(unrestricted)
£
8,667
-
8,667
(3,457)
(1,733)
(5,190)
5,210		 Equipment
(restricted)
£
30,312
-
30,312
(22,329)
(6,062)
(28,391)
7,983		 TOTAL
£
38,978
-
38,978
(25,786)
(7,796)
(33,581)
13,192
At end of year 3,476 1,921 5,397

Note 10: Current Assets

Unrestricted
Funds 2024
£
38,219
-
-
3,642
41,861
73,355
115,215		 Restricted
Funds 2024
£
-
-
400
-
400
(2,247)
(1,847)		 Total 2024
£
38,219
-
400
3,642
42,261
71,108
113,368		 Total 2023
£
6,726
1,209
300
3,534
Debtors
Gift Aid not yet claimed or paid
Trade debtors
Grant due but not paid

Prepayments and accrued
income
Cash at bank and in hand
TOTAL CURRENT ASSETS		 11,769
101,686
113,456

23

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney Notes to the Financial Statements For the year ended 31st December 2024 (Continued)

Note 11: Liabilities

Note 11: Liabilities
Unrestricted
Funds 2024
£
(21,000)
(2,038)
-
(2,975)
-
-
-
(456)
(26,469)
-
(26,469)		 Restricted
Funds 2024
£
-
-
-
-
-
-
-
-
-
-
-		 Total 2024
£
(21,000)
(2,038)
-
(2,975)
-
-
-
(456)
(26,469)
-
(26,469)		 Total 2023
£
(6,950)
(6,509)
(960)
(8,988)
-
(1,570)
(1,570)
(268)
Liabilities due within 12
months
Accruals for grants payable
Trade creditors
Accruals and deferred income
Taxation and social security
Payroll liabilities
Funds received as agent
(25,245)
-
(25,245)
Liabilities due beyond 12
months
Accruals for grants payable
TOTAL LIABILITIES

24

LETTER OF REPRESENTATION

The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Tooting Graveney St. Nicholas Church Church Lane London SW17 9PP

Accounting Without Borders St Mary’s Court The Broadway Amersham HP7 0UT

Dear Sirs,

We confirm to the best of our knowledge and belief the following representations given to you in connection with your independent examination of organisation’s financial statements for the year ended 31 December 2024. We confirm that they are made on the basis of enquiries of management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you.

General

Information Provided

Assets and Liabilities

Fraud

Contingent Liabilities

Going Concern & Future Cash Requirements

Post Balance Sheet Events

Data Protection Act

Laws and regulations

Yours faithfully For and on behalf of Management

May 13 2025 ......................................... ........................................ Trustee Date

Audit Trail

Document Details

Title Accounts - December'24
File Name Final FY 2024.pdf, LETTER OF REPRESENTATION SNic 24.pdf
Document ID 79a7ccf7aa624ed1b862d38b06350583
Fingerprint 2063a83e90827d45757303f78cfe8509
Status In Process

Document History

Document Created Document Created by AWB Signing (sign@aw-b.org)
Fingerprint: 2063a83e90827d45757303f78cfe8509		 May 13 2025
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IP: 104.47.85.126		 May 13 2025
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Document Viewed Document Viewed by Revd Tim Dennis (tim@stnicholastooting.org.uk)
IP: 45.148.13.10		 May 13 2025
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Document Signed by Revd Tim Dennis (tim@stnicholastooting.org.uk)
IP: 45.148.13.10
Document Signed May 13 2025
10:50AM UTC