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2022-12-31-accounts

A FAMILY OF NEIGHBOURHOOD CHURCHES MAKING AN IMPACT ON THE CITY

THE PARISH OF BATTERSEA FIELDS 2022 ANNUAL REPORT

2022 Report and Accounts for the Parish of Battersea Fields

Contents

Parish Churches

.................................................................................. 1 Welcome................................................................ 3 Battersea Fields Parish in 2022 ...................... 4 Main Changes in 2022 ...................................... 5 Achievements and Performance ................... 6 St Saviour .............................................................. 7 All Saints ................................................................ 8 St George .............................................................. 9 Parish Office ....................................................... 10 Practical Details ................................................. 11 Governance ........................................................ 12 Parish Accounts ................................................. 14 Independent Examiner’s Report ................. 16 General administration ................................... 28

Churches in the Parish of Battersea Fields are at the following locations:

All Saints

Prince of Wales Drive, London, SW11 4BD

St George

11 Patmore Street, London, SW8 4JD

St Saviour

351 Battersea Park Road, London, SW11 4LH

Registered charity number 1130423

Contact Details

Parish Office

Parish of Battersea Fields

Parish Office,

St Saviour Battersea Park Church

351 Battersea park Road, London SW11 4LH

t: 020 7720 9076

e: office@batterseafields.org

Vicar

Revd Leighton Carr

e: leighton@batterseafields.org

Associate Vicar

Very Revd Anand Asir

e: anandjessie@yahoo.co.uk

PAGE 2

Welcome

Dear reader,

The big news this year was the opening of Battersea Power Station to the public as a new shopping and town centre. It was all razmataz and drama, with choirs and celebrities and local people all jostling around for a bargain. Children from the parish school St George’s were there alongside the dignitaries and it marked the beginning of the next phase of the redevelopment.

The three churches in the parish all made headway in the first full year after COVID, although the impact of lockdowns and that disruption can still be see in the lower numbers of people attending church today.

New initiatives were started in staffing and outreach, closer ties were made with partners, and generally the churches were in good heart, even though it has been a challenging environment. Several of our projects are mentioned in this report.

It remains our vision: to create in the parish A Family of Neighbourhood Churches , where traditional and new congregations can celebrate their unique identity within the family of churches while sharing resources and values of worship, fellowship, service and mission.

As Nine Elms reaches a new phase in its completion, the churches are challenged once again to respond with creative skills complemented by regular worship.

The report below only gives a flavour of the work of the parish. If you would like to find out more please do not hesitate to contact me through the parish office.

With best wishes

Revd Leighton Carr

Vicar Battersea Fields & Nine Elms on the South Bank

PAGE 3

Battersea Fields Parish in 2022

Battersea Fields Parish is host to the largest part of the Nine Elms on the South Bank redevelopment. The parish now includes a new shopping centre at Battersea Power Station to add to the new US Embassy opened several years ago. New Covent Garden Market is being fully redeveloped, and numerous other development sites for housing, retail, leisure and commerce are coming to completion especially around the Nine Elms Linear Park which runs through the parish and connects Vauxhall with Battersea along an elegant natural walkway. The parish also continues to grow as a large international community, bring even more diversity to an area that was already mixed culturally.

As well as these regenerated areas the parish has eight large traditional estates, two of which have been historically among the least well off in the borough. Across these areas too there has been a move towards creating a greater sense of community partly funded by the new Nine Elms development to the north, but also as a result of changing demographics in current estates.

It is in this context that the three churches in the parish – All Saints, St Saviour and St George - continued to look for new ways of connecting with local people while growing in worship and fellowship in a variety of traditions across the parish. All Saints was strengthened by closer ties with the Filipino Chaplaincy which started several years ago and continued to develop its rich catholic tradition. St Saviour worships in a central evangelical tradition and started to focus on improving its presence in the area through improving some outdates aspects of its buildings and developing closer ties with the local community centre. St George continued to focus on being a well connected community church by deepening its links with the parish school and through its work on the traditional estates and the new Nine Elms communities.

The work of the parish office continued to develop alongside the work of the churches. New projects were started to reach out to new residents in the area. During the year the parish office prepared a new strategy for staffing to develop further the platform on which new discipleship communities can begin and flourish. The restructured finances and systems continued to be streamlined to provide avenues for funding and support and connection.

Overall, with the work done by each of the churches and by the parish office it was a busy year. The effects of COVID continue to be felt in lower numbers and a different mix of people attending church, but the work has continued at a good pace and with a confident view of continued ministry in the future.

PAGE 4

Main Changes in 2022

Thinking about the changes in parish life in 2022 the first would be the opening of Battersea Power Station as a new shopping centre. Less dramatic but just as important were two changes in ministry relationships within the parish.

Battersea Power Station

T he Power Station opened in October 2022 in a blaze of publicity.

The King and Queen of Malaysia were hosted at a formal event in the Power Station and the Kingston Archdeacons attended. It was a dramatic event with performers and presentations to a global and local audience.

Later in the week the doors were opened to shoppers at a public launch event. People made the most of opening day bargains! St George’s children were invited guests along with our local MP and other special guests. IN the first weekend over 250,000 people travelled into the parish through the new tube station. All of a sudden the buses that bring us to church became full on Sundays.

New parishioners in new developments

Battersea Power Station is now 45% complete and it is estimated that it will take another 10 years to finish the development. Apart from the power station a large number of new apartments were finished in the parish this year and 1000s of residents moved in during the year. The challenge of mission in the area is intensifying.

Nine Elms Arts Ministry independence

Moving to church life, another big change introduced in 2022 was the separation of the Nine Elms Arts Ministry from the parish. During the year the PCC were asked to respond to a consultation on a Bishop’s Mission Order for NEAM. At the end of the year the BMO was agreed and the ministry becomes an independent partner in 2023.

PAGE 5

Achievements and Performance

Achievement and Performance through the local church

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Your local church – St Saviour

St Saviour

St Saviour is a welcoming church and is aiming to connect with more neighbours so they can experience God’s love first hand. The two biggest projects in 2022 focused on improving the buildings. A lot of work was required to improve the building including power upgrades and repairs to the bell tower. The February storms caused serious damage to the tiling on the tower and improvement works elsewhere were put on hold while that was being addressed.

Designs are now underway for a reordering of the front entrance and to provide new first floor space inside.

St Saviour’s main outreach work is in the local estates where some good partnerships have been formed and church members help run the roof garden and the community hub in Doddington. Global Women meets weekly for fellowship and reaches a lot of women in the area, and it includes members from all three churches in the parish.

St Saviour’s aspirations to grow are underpinned by values of welcome and nurture, and in 2023 they want everyone to grow spiritually, emotionally, intellectually, and with a sense of physical wellbeing

PAGE 7

Your local church – All Saints

All Saints

Worship at All Saints has remained inclusive in the liberal catholic tradition. It includes a variety of liturgical items to enable people to worship God meaningfully and includes children’s participation and lay involvement. All Saints offers many ways to explore spirituality ranging from prayers led on zoom, to retreat days and seasonal celebrations.

During Christmas and Easter, All Saints was able to support people in need and hardship. It also hosts the Battersea Befriending Network which supports people in the community suffering isolation and marginalisation because of mental ill health. BBN have begun to hold monthly group activities such as “drop ins” at a local café, church or community centre.

The Filipino Chaplaincy was established in All Saints to serve Filipinos in south London. Today the Filipinos are fully integrated into All Saints as part of the congregation and leadership and are now called the Filipino Community in All Saints. As well as worshipping as part of All Saints there continues to be bi-weekly Taglog worship. A fully integrated congregation is part of the vision and mission of All Saints.

One of the wonderful characteristics of All Saints is its generosity to other Christian causes. Every week half of the offering is given away and in 2022 over 33 charities were supported in the UK and abroad.

PAGE 8

Your local church – St George

St George

In 2022 St George moved closer to its vision of being a vibrant Global Village Church , one that is International, Local and Personal . It offers welcoming, creative and inspirational worship inside and outside church, where individuals can grow in their personal lives to live a purposeful life.

In 2022 the church explored what it meant to be an authentic local church for its community which led it to set up two projects that serves local people.

The first is a homework club with evening meal for local children. This was hosted in partnership with the parish school and brought around 15 children into the church every week to be helped with their homework

The other is Foodie Friday, a project to provide food donated by supermarkets and charities to local people in need. This project has support from Comic Relief and in 2022 was the subject of several features in the Evening Standard and by Sarah Cox on Radio 2.

A big step towards setting up a families and children’s centre was taken when St George entered into a formal partnership with the youth charity Red Ballon to take on Simon Peter Ekayangulhu as a community families’ worker in the area

PAGE 9

Your local church – Parish Office

Parish Office

Each church reports on its progress at its Annual Meeting of Worshippers. The APCM allows us to see projects across the parish and here are just a few.

www.nineelms.org

A parish led team has been running a community website for the wider parish since 2019. It gives helpful information on events and it has helped us connect with local organisations such as World Heart Beat and Wandsworth Local Authority. In 2022 it sent out a regular newsletter every 6 weeks to a growing number of local people who have signed up to the website.

The Living Room

The Living Room is a pop up approach to creating places for local people to meet for faith and friendship. It uses different venues wherever The Living Room team open up the space. The first regular Living Room gathering was the grant funded afterschool club which began in 2022. Since then several other venues have been used and the aim is to grow The Living Room in 2023 to include groups for fellowship and worship.

The Prayer Line Project

Using grant funds awarded in 2022 a project was developed to reach out to new residents in Nine Elms with an offer of personal prayer. Around 11,500 new residents live in the area near the US Embassy and the project aims to get a flyer into every home with the invitation “ We’ll Pray for You Today” .

The Happiness Garden

The Happiness Garden was initiated by the local church in 2018 and developed by our Pioneer Curate Revd Vanessa Elston. The Happiness Garden at St George was formally opened by the Mayor of Wandsworth in May 2022. It was a great event with visitors including the Lady Lieutenant of Wandsworth and guests

and neighbour from the area. St George’s children have loved playing in the garden and enjoy forest school activities like bivouacking, camp fires and outdoor cooking, and learning about nature

PAGE 10

Practical areas

Practical Details

Membership

The official membership of the parish was 210 adults at the end of 2022 but many more visitors came to church in 2022.

The largest single event held in 2022 was the visit of the whole of the parish school to St George’s at Christmas, bringing 230 children and staff to church.

Staffing

At the end of 2022 two people were working part time on behalf of the parish. Angela helped part time with administration. Sosy worked on bookkeeping and accounts. The parish has two clergy posts of the Vicar and Associate Vicar.

Financial Statement

St Saviour and All Saints have sets of accounts which are independently examined because their turnover exceeds the threshold set by Charities Commission. St George and the Parish accounts fall under that threshold and so will be independently checked by the external examiner for the parish when he prepares an aggregate statement of accounts for the Charities Commission.

Giving

Churches fund their mission and ministry through the giving of church members and regular monthly giving helps the leadership team to plan throughout the year. Every member of each church needs to think this through if we are to become sustainable worshipping communities for the long term.

Wardens

The wardens for the current year are Richard Trout and Vasantha Gnanadoss (All Saints), Patricia Trusty (St Saviour) and Lorna Ashley (St George). Deanery Synod Reps are Ken Obi and Stanley Annan(All Saints) and Clara Manly-Spain and Steve Clarke (St Saviour)

Safeguarding

There were no critical incidents in 2022 and 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)

PAGE 11

Practical areas

Governance

Aims and Purposes

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 Battersea Fields Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Leighton Carr, in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical.

The PCC is responsible for making decisions on areas of general concern and importance to the parish. There are no sub-committees and each church has a Local Church Council which makes decisions about the day-to-day running of the church, including how to raise and spend funds.

Parish Church Council membership

The following trustees served on the PCC from 1[st] January to 31[st] December 2022

Clergy

1. Leighton Carr Vicar
_2. _Anand Asir Associate Vicar
rdens
_3. _Vasantha Gnanadross Elected Churchwarden (also Diocesan Synod)
_4. _Richard Trout Elected Churchwarden
_5. _Patricia Trusty Elected Churchwarden
_6. _Steven Clarke Elected Churchwarden
_7. _Lorna Ashley Elected Churchwarden

Wardens

Synod Representatives

ynod Representatives
_8. _Clara Manley-Spain Ex officio Deanery Synod
_9. _Kenneth Obi Ex officio Deanery Synod
10. Helen Trout Ex officio Deanery Synod
hurch Representatives
11. Helen Lewis Elected PCC Representative St Saviour
12. Judith Clarke Elected PCC Representative St Saviour
13. Johanna Clarke Elected PCC Representative St Saviour
14. Patsy Brown Elected PCC Representative All Saints
15. Wendy Orr Elected PCC Representative All Saints
16. Stanley Annan Elected PCC Representative All Saints
17. Sharon Hunt Elected PCC Representative St George
18. Marho Gere Elected PCC Representative St George
19. Steve Macklin Elected PCC Representative St George

Church Representatives

PAGE 12

Practical areas

Church Membership

In 2019 a full revision of membership of the churches was required by the Church of England. In 2021more members were added to the electoral roll.

The rules for joining the electoral roll as out in the Church Representation Rules. To join the electoral roll a person must either live in the parish or have attended worship in the church regularly for six months. The Electoral Roll officer at each church is responsible for supervising the process of compiling the new roll each year and ensuring each church follows current Church of England regulations. The electoral roll of the parish of Battersea Fields is one roll with three parts, one part for each church.

The changes made to the electoral roll are as follows:

Roll in 2018 Members
Leaving Roll in
2019
New Roll in
2019
Roll in
2020
Roll in
2021
Roll in
2022
St Saviour 103 41 70 70 70 70
_St George _ 74 43 44 43 43 45
All Saints 77 33 82 102 105 105
TOTAL
ON
ELECTORAL
ROLL
256 117 196 215 218 220

Safeguarding

Our Parish Safeguarding Officers are Lorna Ashley, Revd Jessie Anand and Helen Lewis. Safeguarding is overseen in accordance with all current legislation and guidance and no safeguarding issues have been reported in 2021.

Finance Structures

The parish has diversified its finance structure to allow for greater clarity in funding new projects. A central parish bank account was opened in 2018, and new accounts to serve mission purposes are used for work in Nine Elms.

Buildings

The buildings of all churches were generally in good condition requiring only minor repairs.

PAGE 13

Parish Accounts

Parish Accounts

2022 Annual Report and Accounts

Finance

The Parish’s total unrestricted income rose by £21,000, due to increases of £11,000 in property income and £15,000 in Gift Aid tax recoveries, the latter mainly representing receipt of amounts due for prior years. Giving by church congregations fell by £5,000 to £48,000.

Expenditure was £35,000 higher at £203,500 due to additional spending of £16,974 on mission activities, including the Homework Club at St George’s Church, and of £8,021 on IT and communications due to the upgrade of systems at All Saints’ Church.

Before unrealised losses on investments there was a net deficit of £7,617 on unrestricted funds in 2022, a surplus of £5,172 on restricted funds and a deficit of £774 on designated funds.

Investment losses in the year amounted £31,022, leading to an overall reduction in the Parish’s net assets from £2.08m to £2.05m. The Parish’s major investment is in property, valued at £1.55m. Other investments are in charity equity funds and charity deposit accounts. The Parish is a long term holder and has noted that the fall in value of the more easily realisable holdings in 2022 was less than the unrecognised gains in 2021, so no significant changes in policy are required.

The PCC is satisfied that the Parish’s overall financial position is strong.

PAGE 14

Parish Accounts

THE PARISH OF BATTERSEA FIELDS

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. 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.

The trustees' annual report was approved on 31[st] October 2022 and signed on behalf of the trustees of the Parish by:

Revd Leighton Carr Vicar of Battersea Fields

PAGE 15

ThE PARISH OF BATTERSEA FIEIIIS Independent Examiner's re￿rt to the par￿h181 Church Council of the Parish of Battersea Fields I report on the accounts of the PCC for the year ended 31 December 2022, whlth are set out on pages 17 to 27. In doing 50 I have relied on the separate independerrt examlnatlons of the accounts of All Saints, Church carried out by Mr5 Chandra Nimalanandan and of the accounts of St Savlourfs carried out by S Ahmed ACA FCCA of LPS Livingstone Chartered Accountants. Respective responsibilities of trnstees and examiner The charitvs trustees are responsible for the preparation of the accounts. The charl￿S tru5tee5 conslder that an audlt Is not fequlred for this year lurKler 5ertlon 43121 of the Charitie5 Art 1993 Ithe Act) as amended by s.28 of the CharIt￿S Act 2W614nd that an Independent e¥aminatlon is needed. It Is my responslblllty= To examine the accounts (under seclk)n 43 ofthe A¢ as arneTrdedl; To follow the procedures lald down In the General Directlons glven bythe Charlty Commtsslon lunder Sectlon 431711bl of the Act. as amended): and To state whether partkular matters ha¥e come to my attentk•n. Basis of independent examiner's Teport My examination was carried out in accordance with the General Directions given by the Charity Commisslon. An examination indudes a review of the ac¢ountin8 records kept by the charity and a comparlson of the accounts presented wlth those records. It also Indudes conslderatlon of any unusual Items or di5c105ures in the accounts, and 5eekirs e¥planaUons from the trustees concemln8 any such matters. The procedures undertaken do not Pr￿de all the wAdence that would be requlred In an audrt. and consequendy I do not express an audlt oplnion on the accounts. Independent examiner's statement In the course of my examlnatlon. no matter has come to my attentSon,' iii whlth 8lves me reasonalAe ¢au5e to thaL In any material respect. the trustees hav• not met the requlrernents to ensure that: proper accountin8 records are kept lin accordance with Sertion 41 of the Act),. and accounts are prepared whith agree with the accounting records and comply with the accountlng requirements of the ALt to which, In my opinion. attents"¢n should be drawn In orderto enable a proper understandln8 of the accounts to be reached. 12} Rlthard Holman thartered Accountant 11 Genoa Avenue, Putney. London SWIS 60Y Date: Qi tsf 2023 The #otes OU P•8es 19 to 27 forn p*rtof thw¢ Iln•ncknl ststemelll& -16-

THE PARISH OF BATTERSEA FIELDS STATEMENT OF FINANCIAL ACTIVITIES

31 DECEMBER 2022

2022 2021
Unrestricted
Restricted
Designated Total funds Total funds
funds funds funds
Note
£
£ £ £ £
Income and endowments
Donations and legacies 4 65,803 - - 65,803 57,076
Charitable activities 5 35,982 - - 35,982 40,465
Other trading activities 6 71,311 - - 71,311 60,558
Investment income 12,865 5,065 75 18,005 16,374
Fundraising 4,870 - - 4,870 2,665
Other income 5,069 107 - 5,176 4,312
------------------------------------- ------------------------------- ------------------------------- ------------------------------------- -------------------------------------
Total income 195,900 5,172 75 201,147 181,450
===================================== =============================== =============================== ===================================== =====================================
Expenditure
Expenditure on charitable activities: 7
Mission 41,087 - -
41,087
29,631
Staffing 73,744 -
-

73,744
70,354
Administration 9,666 -
-

9,666
8,725
Property maintenance and upkeep 46,372 -
849
47,221 45,650
Communications and IT 22,862 -
-
22,862 14,841
Other expenses 9,786 -
-

9,786
5,832
------------------------------------- -------------------------------- ------------------------------- ------------------------------------- -------------------------------------
Total expenditure 203,517 - 849 204,366 175,033
===================================== =============================== =============================== ===================================== =====================================
Unrealised net gains/(losses) on
investments 8 - (22,530) (8,492) (31,022) 37,976
------------------------------------- ------------------------------- ------------------------------------- ------------------------------------- -------------------------------------
Net incoming/(outgoing) resources (7,617) (17,358) (9,266) (34,241) 44,393
===================================== =============================== ===================================== ===================================== =====================================
Transfers between funds (5,214) (1,786)
7,000
Other recognised gains and losses
Other recognised gains/(losses)
------------------------------------- ------------------------------- ------------------------------------- ------------------------------------ -------------------------------------
Net movement in funds (12,831) (19,144) (2,266) (34,241) 44,393
Reconciliation of funds
Total funds brought forward 1,622,435 236,363 228,962 2,087,760 2,043,367
----------------------------------------------- ------------------------------------- ----------------------------------------------- ----------------------------------------------- ----------------------------------------------
Total funds carried forward 1,609,604 217,219 226,696 2,053,519 2,087,760
=============================================== ===================================== =============================================== =============================================== ===============================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 19 to 27 form part of these financial statements.

PAGE 17

FIXED ASSETS
Tangible fxed assets
Investments
CURRENT ASSETS
Cash on sh01t term deposit
Cash at bank and in hand
CREDITORS: amounts flling due within one
year
NET CURRENT ASSETS
11
12
13
TOTAL ASSETS LESS CURRENT LIAILITIES
FUNDS OF THE CHARITY
Restricted fnds
16
Designated fnds
15
Unrestricted fnds
15
Total charity fnds
2022
£
61,881
139,274
201,155
(-)

2021
£
£
1,550,000
1,550,000
302,364
335,541
1,852,364
1,883,541
57,695
146,682
204,377
(158)
201,155
204,219
2,053,519
2,087,760
217,219
236,363
226,696
228,962
1,609,604
1,622,435
2,053,519
2,087,760

These financial statements are a consolidation of the separate accounts of the churches within the Parish of Battersea Fields, which have been approved by the relevant governance bodies. They are authorised for issue on 31'' October 2023 and are signed on behalf of the Parish by:

e. ? - -� ��":'.>'._ -.\ [c]_ PATRICIA TRUSTY

REVD LEIGHTON CARR

Vicar of Battersea Fields

Parish Treasurer

The notes on pages 17 to 27 form part of these financial statements.

PAGE 18

THE PARISH OF BATTERSEA FIELDS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

1. GENERAL INFORMATION

The charity is registered charity in England and Wales (no: 1130423) and is unincorporated. The address of the principal office is Parish of Battersea Fields, 11Patmore Street, London SW8 4JD.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and a property measured at market value at the end of the accounting period. Rounding differences of £1 may occur in the notes to the accounts.

Going concern

There are no material uncertainties about the charity's ability to continue as a going concern.

Fund accounting

Restricted Fund:

A restricted fund is a fund subject to specific trusts (e.g. by a letter from the donor at the time of gift). It may be a capital fund, which cannot be spent but must be retained for the benefit of the church, or it may be an income fund, which must be spent on the specified purpose within a reasonable time.

Unrestricted funds:

All funds held for general purposes are known as unrestricted funds to distinguish them from restricted funds. The church's unrestricted funds are therefore those which are held for spending at the PCC's discretion. These include any further funds which the PCC has designated for particular purposes.

Designated fund:

If the PCC sets aside part of its unrestricted funds for a particular project it may place these in a separate unrestricted fund called a designated fund. All unrestricted funds comprise income funds which the PCC must spend within a reasonable time.

Incoming resources

Voluntary income:

Collections are recognised when received by or on behalf of the PCC. Tax recoverable under Gift Aid is recognised when the income is recognised. Other, non-specific donations are recognised when received. Funds raised by fetes, quiz nights and similar events are accounted for gross.

PAGE 19

NOTES TO THE FINANCIAL STATEMENTS (continued)

THE PARISH OF BATTERSEA FIELDS

YEAR ENDED 31 DECEMBER 2022

Other income:

3. ACCOUNTING POLICIES

Resources expended

Expenditure Generally

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

The Diocesan Parish share is accounted for in the year to which it relates. Any Parish share unpaid at 31 December is provided for as an operational liability, and is shown as a creditor in the balance sheet.

Tangible assets

Consecrated property and moveable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by section 10 (2)(c) of the Charities Act 2011. This comprises All Saints' Church, Prince of Wales Drive, St George's Church, Patmore Street and St Saviour's Church, Battersea Park Road and their land.

Moveable church furnishings held by the Vicar and Church wardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since January 2000 are capitalised only if their individual value exceeds £1,000.

Improvements to consecrated or beneficed buildings costing less than £1,000 are included in the resources expended in the year in which they are incurred. All maintenance and repairs are also included in the resources expended in the SOFA for the year in which the expenditure arises.

Individual items of church office equipment, including computers, and furniture used within the Church premises with a purchase price of £1,000 or below are not capitalised, and thus are included as revenue expenditure in the SOFA in the year of purchase. If any items with a purchase price in excess of £1,000 are acquired they will be depreciated on a straight line basis over their expected life.

Freehold Property

The house owned by the Parish is shown at estimated market value at 31st December 2021. The estimate has been arrived at by the trustees on the basis of online price information.

PAGE 20

THE PARISH OF BATTERSEA FIELDS

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

Investments

Investments are revalued to market value at 31 December 2022.

Current assets

Amounts, if any, owing to the PCC at the year end in respect of fees, rents, or other income are shown as debtors, less provision for any amounts that may prove uncollectible. Short term deposits include cash held on deposit with the CBF Church of England Funds and with CCLA and the Post Office.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment (if any).

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

PAGE 21

THE PARISH OF BATTERSEA FIELDS

NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022

4. DONATIONS & LEGACIES

Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2022
£ £ £ £
Donations 47,870 - -
47,870
Gift Aid tax recovery 17,933 - -
17,933
Legacies - - -
-
------------------------------- ------------------------------- ------------------------------- -------------------------------
65,803 - -
65,803
=============================== =============================== =============================== ===============================
Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2021
£ £ £ £
Donations 52,676 1,615 -
54,291
Gift Aid tax recovery 2,785 - -
2,785
Legacies - - -
-
------------------------------- ------------------------------- ------------------------------- -------------------------------
55,461
===============================
1,615
===============================
-
===============================

57,076
===============================

5. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Total Funds
Unrestricted Total Funds
Funds
2022
Funds 2021
£ £ £ £
Church Lettings 35,300
35,300
39,312 39,312
Wedding/Funeral Fees 682
682
1,153 1,153
------------------------------- ------------------------------- ------------------------------- -------------------------------
35,982
35,982
40,465 40,465
=============================== =============================== =============================== ===============================

6. INCOME FROM OTHER TRADING ACTIVITIES

Unrestricted
Total Funds
Funds
2022
£ £
Lettings - Fundraising 23,721
23,721
Rent from land or buildings 47,590
47,590
------------------------------- -------------------------------------
71,311
71,311
=============================== =====================================
Unrestricted
Total Funds
Funds
2021
£ £
Lettings - Fundraising 8,323
8,323
Rent from land or buildings 52,235
52,235
------------------------------- -------------------------------------
60,558
60,558
=============================== =====================================

PAGE 22

THE PARISH OF BATTERSEA FIELDS

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2022
£ £ £ £
Missionary and Charitable Giving 19,059 - - 19,059
Other mission costs 13,723 - - 13,723
Clergy expenses 3,664 - - 3,664
Homework Club 4,641 - - 4,641
Parish Support Fund 66,552 - - 66,552
Salaries - Lay staff 7,192 - - 7,192
Office and administration 9,666 - - 9,666
Light, Heat & Water 11,081 - - 11,081
Insurance 8,641 - 849 9,490
Maintenance - Buildings and Grounds 19,522 - - 19,522
Cleaning and Waste Disposal 6,714 - - 6,714
Other church expenses 5,981 - - 5,981
Website 443 - - 443
Communications and IT 22,419 - - 22,419
Professional fees 2,456 - - 2,456
Other expenses 1,533 - - 1,533
------------------------------------- ------------------------------- ------------------------------- -------------------------------------
203,287 - 849 204,136
===================================== =============================== =============================== =====================================
Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2021
£ £ £ £
Missionary and Charitable Giving 16,360 2,250 - 18,610
Other mission costs 7,753 3,268 11,021
Parish Support Fund / Fairer Shares 64,400 64,400
Salaries - Lay staff 5,954 5,954
Office and administration 8,725 8,725
Light, Heat & Water 8,900 8,900
Insurance 8,203 792 8,995
Maintenance - Buildings and Grounds 16,808 - 16,808
Temporary and new heating 1,140 - - 1,140
Cleaning and Waste Disposal 6,743 6,743
Other church expenses 3,064 3,064
Website 8,896 - - 8,896
Communications and IT 5,944 - - 5,944
Other expenses 5,833 5,833
------------------------------------- ------------------------------- ------------------------------- -------------------------------------
168,723 5,518 792 175,033
===================================== =============================== =============================== =====================================

PAGE 23

THE PARISH OF BATTERSEA FIELDS

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

8. NET GAINS/(LOSSES) ON INVESTMENTS

Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2022
£ £ £ £
Gains/(losses) on listed investments - (22,530) (8,492)
(31,022)
=============================== =============================== =============================== ==========================
Unrestricted Restricted Designated Total Funds
Funds Funds Funds 2021
£ £ £ £
Gains/(losses) on listed investments - 24,073 13,903 37,976
=============================== =============================== =============================== ==========================

9. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

2022 2021
£ £
Wages and salaries 7,192 5,954
Parish Support Fund 66,552 64,400
------------------------------- -------------------------------
73,744 70,354
=============================== ===============================
The average head count of employees during the year was one (2021: one). The averag
number of full-time equivalent employees during the year is analysed as follows:
2022 2021
No. No.
Number of administrative staff Less than 1 Less than 1
================ ================

The average head count of employees during the year was one (2021: one). The average number of full-time equivalent employees during the year is analysed as follows:

The clergy are not direct employees of the Parish. The Parish contributes to their stipends and pension funds through the Diocesan Parish Support Fund.

10. TRUSTEE REMUNERATION AND EXPENSES

During the year no member of the PCC received any reimbursement of expenses or remuneration. Parish clergy are employed by the Church Commissioners and are therefore not regarded as employees of the PCC.

11. FIXED ASSETS

The Parish owns a residential property in Battersea, income from which is accumulated for special projects or major maintenance.

PAGE 24

12. INVESTMENTS

INVESTMENTS
Listed
investments
£
Cost or valuation
At 1 January 2022 335,541
Movements during the year (net) (2,155)
Unrealised losses on revaluation (31,022)
-------------------------------------
At 31 December 2022 302,364
=====================================

All investments shown above are held at valuation.

13. CREDITORS: amounts falling due within one year

CREDITORS: amounts falling due within one year
2022 2021
£ £
Trade creditors and accrued expenses - 158
------------------------------- -------------------------------
- 158
=============================== ===============================

14. PENSIONS AND OTHER POST RETIREMENT BENEFITS

The Parish has no lay staff earning at a level of pay that requires the setting up of pension arrangements. Clergy pensions are managed by the central organisation of the Church of England.

15. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Gains At 31
At 1 January and December
2022 Income Expenditure Transfers losses 2022
£ £ £ £ £ £
General funds:
St Saviour's 7,746 78,666
(76,561)
4,700 -
14,551
St George's 21,300 16,908
(23,679)
2,086 -
16,615
All Saints' 1,573,257 91,191
(85,891)
(12,000) - 1,566,557
Parish 8,385 845
(6,742)
- -
2,488
Nine Elms Community
Development Fund 11,747 8,290
(10,644)
- -
9,393
----------------------------------------------- ------------------------------------- ------------------------------------- ------------------------------- ------------------------------- ----------------------------------------
1,622,435 195,900
(203,517)
(5,214) - 1,609,604
= ============================================== ===================================== ===================================== =============================== =============================== =====================================

PAGE 25

Designated Funds

gnated Funds
Gains At 31
At 1 January and December
2022 Income Expenditure Transfers losses 2022
St Saviour's - maintenance 85,108 75 - (5,000) -
80,183
All Saints':
Cupar Road 90,671 12,000 (849) - (6,387)
95,435
Bluebell Nursery 23,098 - - - (2,105)
20,993
Maintenance 29,845 - - - -
29,845
All Saints Discretionary
fund 240 - - - -
240
---------------------------------- ---------------------------- ------------------------------------- ------------------------------- ------------------------------- -----------------------------------------------
228,962 12,075
(849)
(5,000) (8,492)
226,696
================================= ============================= ===================================== =============================== =============================== ===============================================

16. RESTRICTED FUNDS

Gains At 31
At 1 January and December
2022 Income Expenditure Transfers losses 2022
£ £ £ £ £ £
St Saviour's:
Special Donations 17,568 16
-
300 -
17,884
Orkney Street hall 32,417 861
-
- (3,835)
29,443
Church hall 6,922 91
-
- -
7,013
St George's:
St George's Hall 58,190 1,528
-

(1,527)
(6,808)
51,383
St James's Hall 17,732 464
-

(462)
(2,061)
15,673
Miss Graham Fund 3,695 97
-
(97) (433)
3,262
Burial Grounds 99,839 2,115
-
- (9,393)
92,561
------------------------------------- ------------------------------- ------------------------------- ------------------------------- ------------------------------------- -------------------------------------
236,363 5,171
-
(1,786) (22,530)
217,219
===================================== =============================== =============================== =============================== ===================================== =====================================

Special Donations – this is money that has been given for a specific purpose such as Youth Work.

Orkney Street Hall - This fund was for the up-keep of Orkney Street Hall, originally a school for the poor built in 1866.The hall was acquired by compulsory purchase in the 1940's. Income is available for use by the Parish and capital is accumulated for capital projects.

Church Hall - In September 1980, the parish decided to redevelop St. Saviour’s Church site by selling the Church Hall and remodelling, repairing the Church as a dual purpose site. A 99 year lease was granted to Threshold Housing Association and completed in March 1983 for a premium of £62,500. A Charity Commissioner's Scheme dated 10th March 1983 allowed the premium to be used towards defraying the cost of improving, converting and extending the Parish Church.

St George's Hall - By a Charity Commission Scheme sealed 14th April 1959, it was agreed that the St. George’s Mission Hall, comprised in a conveyance dated 17th April 1866, could be sold and the capital applied in or towards defraying the cost of providing a new hall or enlarging or adapting any existing church hall in the parish. Income can be expended on any ecclesiastical purpose. The hall was sold in March 1969 for a net sum of £15,260.

St James's Hall - This hall was sold around Sept 1958 for £4,000. Capital can only be spent on approved capital items Income is available to the Parish for any ecclesiastical purpose. The bulk of the fund was placed into CBF Investment units with income mandated to the Parish.

PAGE 26

Miss Graham Fund - A Charity Commission Scheme of 14th April 1959 amalgamated £300 2.5% Consols from the Miss Elizabeth Maria Graham (left for the purposes of upkeep of the Mission Hall in 1875 ) and amalgamated this with the St. George’s Mission Hall Charity comprised in a conveyance dated 17th April 1866. Income can be spent on any ecclesiastical purpose, capital only on the provision of or extension of the Hall.

Burial Grounds - Under the provisions of the Covent Garden Market Act 1966 the disused burial ground of St. George’s Battersea was disposed of for a total of £15,500. The proceeds, less costs, were to be held by Rochester & Southwark Diocesan Church Trust to be applied for such ecclesiastical purposes within the Benefice of St. George with St. Andrew, Battersea or elsewhere within the Diocese of Southwark as may be charitable. Income is mandated to the Parish.

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Designated
Total Funds
Funds Funds Funds
2022
£ £ £
Tangible fixed assets 1,550,000 - - 1,550,000
Investments 14,588 170,271 117,505 302,364
Net Current assets 45,016 46,948 109,191 201,155
----------------------------------------------- ------------------------------------- ----------------------------------------- -----------------------------------------------
Net assets 1,609,604
===============================================
217,219
=====================================
226,696
========================================
2,053,519
===============================================

19. RELATED PARTIES

There are no other charities that are controlled by the PCC or by the Vicar and Wardens

PAGE 27

General administration Legal and other advisers to the PCC

Independent examiners

For St Saviour

Ronnie Jacob, LPS Accountants

For All Saints

Chandra Nirmalanandan

For the Parish

Richard Holman, Chartered Accountant

Names and addresses of Banks

St Saviour - NatWest Bank, 66-68 St John's Road, London, SW11 1PB St George – Barclays Bank, St Johns Hill, London, SW11 1XB All Saints – NatWest Bank, 66 - 68 St John's Rd, London SW11 1PB

Battersea Fields Parish– CAF Bank, 25 Kings Hill Ave, Kings Hill, West Malling ME19 4JQ

Person to whom day-to-day management is delegated

Reverend Leighton Carr Vicar of Battersea Fields

PAGE 28

THE PARISH OF BATTERSEA FIELDS

Parish Office

Parish of Battersea Fields St Saviour Battersea Park 351 Battersea Park Road London SW11 4LH

2022 PAGE 31 ANNUAL REPORT

t: 020 7720 9076 e: office @ batterseafields.org