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← The Parochial Church Council Of The Ecclesiastical Parish Of St Lukes Redcliffe Gardens

2023-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St. Luke's, Redcliffe Gardens

Report and Accounts Year ended 31 December 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Members of the Parochial Church Council

The Reverend Dave Matthews Abolade Alfred (Churchwarden) Gb Ladipo (Churchwarden) Wangari Thuo (Secretary until 14 May 2023) Ruth Nathan (Secretary, appointed 14 May 2023) Cathy Butcher (Treasurer; co-opted) Clarissa Ashwood (resigned 20 November 2023) Agustin Martin Calmarza (resigned 14 May 2023) John Ciabanu Will Haggard Lucinda Howard-Comber Amie Lister (resigned November 2023) Catherine Maani Will Taylor-Jackson Ben Tucker (resigned 13 November 2023) Tsolomon Tuul (appointed 14 May 2023) Kim Vaudrey (appointed 14 May 2023) Suzanne Williams (resigned 14 May 2023)

Charity Registration Number

Charity Registration Number 1130681 Principal Address St. Luke's Church Redcliffe Gardens London SW10 9HF Independent Examiner Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Nat West Bank plc

Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

Objects of the charity

The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish.

Summary of the charity's main activities and achievements

This year (2023) marked the 3rd year of the partnership between St Luke’s Redcliffe Square and Holy Trinity Brompton and it has been hugely encouraging. Average attendance has risen to 171 people (139 adults, 32 under 16). We’ve also had the joy of baptising 23 adults who have recently come to faith (54 adults since the partnership began). Ministry within the church and in the local community is flourishing and we are hugely grateful to God for all that has taken place.

To further the above objects and vision, the charity's main activities and achievements were as follows:

Governance

Nicky Gumbel stood down as vicar of St Luke’s in July 2022 with Archie Coates becoming vicar of HTB in September. Our expectation is that Archie will be appointed and installed as vicar of St Luke’s, holding both roles in plurality to undergird the partnership. In the mean time, Dave Matthews continues to lead the day-to-day activity of the church.

We are hugely grateful for the leadership and support of our excellent Church Wardens and PCC during the year.

Clergy & Staff

In September, we welcomed a new curate and a new ordinand. In total we now have a clergy and staff team of 7.

Page 2

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Summary of the charity's main activities and achievements (continued)

Sunday Services

11am - We were thrilled to see average Sunday attendance at the 11am service grow from 123 people attending in 2022 (103 adults and 20 youth/children). This is now 171 people (139 adults and 32 under 16’s). To give some perspective, in 2021 there were an average of 79 adults attending each week. The Sunday high in 2023 was 498 people at our outdoor carol service in Redcliffe Gardens. This was an increase from 271 people in 2022 and 79 people in 2021.

4pm – We have continued running the monthly 4pm service with on average 28 adults and 24 children attending each time.

Once a month throughout 2023 we held a community lunch for 60-80 members of the congregation after the service.

Baptisms

In 2023 we had the privilege of baptising 23 adults (all of whom came through Alpha) and 3 children.

Alpha

In 2023, we ran Alpha in Farsi. Alongside this we sent teams of leaders to host and help in small groups at HTB Alpha in English.

Connect Groups

We now have 10 Connect Groups which include a newcomers Connect, Central Connect and others around the city. The central connect group which launched in 2022 now has 35 members. Across 2023 through the newcomers connect group, we were able to host and welcome 75 new people who have attended or joined St Luke’s.

Kids and Youth

Alongside the youth and kids programme at the 11am service, the monthly 4pm service continues to run with a vision to reach families who wouldn’t normally go to church. It’s designed to be the best hour of a child’s week with a bouncy castle, kids café, games, crafts, singing, dancing, prayer and interactive bible teaching. Alongside this, the weekly playgroup continues to go from strength to strength with 60-70 children and adults gathering on Wednesday mornings in term time.

We held a family service on Good Friday for the local community where over 300 adults and children attended. We had worship, a bible talk, face painting, crafts, bouncy castle and games.

Page 3

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Summary of the charity's main activities and achievements (continued)

Social Action

Asylum Seekers & Refugees – The weekly Community Café launched in 2021 has continued to grow in size with approximately 130-150 guests coming into the church each week for a meal, a conversational English class and an opportunity to pick up some new clothes as they leave. This number was 120 in 2022 and 60-70 in 2021. The team have also included hair cuts, health checks and art stations to each evening. Our team organised trips throughout the year including a visit to Cambersands Beach on what turned out to be the hottest day of the year and held a Christmas party at the end of 2022 welcoming over 200 men and women to celebrate.

Love Christmas – In December we headed back out onto the streets of Earl’s Court having packed 800 bags of kindness which were then delivered to local residents, asylum seekers and refugees focusing particularly on those in greatest need.

Night Shelter - Following it’s closure in 2021 due to COVID, we were delighted to reopen the night shelter in 2022 and again in 2023 on Saturday evenings at St Luke’s. Each week a 3-course meal is served for 20-30 guests who then stay in the church for the night. It has been really encouraging to see a number of different teams come to serve at the night shelter. One group to highlight are those from our Farsi speaking Connect Group who received support through the Community Café earlier in the year and are now serving others in need at the weekly night shelter.

Focus

This year was St Luke’s second-time attending Focus, HTB’s annual holiday for network churches held at Newark Showground. We were delighted to again take around 100 members of the congregation away with us.

Building

Critical internal works to our electrical systems were identified and were quickly addressed in early 2023.

Due to the growth in the congregation we invested in 200 new chairs.

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.

Page 4

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, Governance and Management

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent (or the Associate Vicar during the interregnum).

Financial review

During the year income increased by £23,221, to £375,368, and expenditure increased by £89,829 to £373,873. As a result surplus for the year decreased by £66,608, to £1,495, and the charity's net assets increased by the same amount, to £105,974. Net current assets decreased by £27,334, to £66,275.

Reserves policy

The PCC recognises the need to hold reserves to allow protection of its core activities in the event of income shortfalls and to promote balanced strategic planning. Reserves are defined as income that becomes available and which is to be expended at the discretion of the PCC in furtherance of its objects but which has not yet been spent, committed or designated.

The Trustees aim to maintain reserves of unrestricted net current assets equivalent to two months' operating expenditure as contingency against unforeseen circumstances, this is equivalent to approximately £48,000. At year-end the Church held £66,275 of net current assets in its general fund, equivalent to 2.7 months expenditure.

The reserves fluctuate throughout the year and the PCC is aware of these fluctuations and monitors the cash flow on a ongoing basis to determine whether operating expenditure can be covered.

Page 5

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Key risks and uncertainties

In common with other churches and charities the PCC faces risks be they operational, financial or reputational. The PCC has examined the major risks and confirm the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Other matters

With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The Diocese have assessed the PCC’s Parish Share to be £87,775 for the year to 31 December 2023; having reviewed the PCC’s finances, the members of the PCC have decided to restrict the PCC’s contribution to £87,775.

The last quinquennial inspection was held in 2019, which determined that immediate work was required to make safe the external brickwork. This was funded by the London Diocesan Fund, who are responsible for the church building and undertaken in 2022. A further building survey was commissioned in 2023, which determined that a schedule of works totalling in excess of £1.5m plus VAT in the next 10 years may be required. This includes £430k plus VAT in the next two years. The PCC is working closely with the London Diocesan Fund to identify sources of funding. Consequently, the next quinquennial inspection, which was scheduled for 2024, may now be postponed.

Page 6

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2023

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume

that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. 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.

Approval

This report was approved by the PCC and signed on their behalf by:

_______ REV. DAVE MATTHEWS

Date: _______

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 13.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lisa Darby FCA Institute of Chartered Accountants of England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page 8

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
197,940
94,264
-
292,204
289,215
289,215
2,989
(591)
2,398
101,228
103,626		 Restricted
Funds
£
83,164
-
-
83,164
84,658
84,658
(1,494)
591
(904)
3,252
2,348		 Total
Funds
2023
£
281,104
94,264
-
375,368
373,873
373,873
1,495
-
1,495
104,480
105,974		 Total
Funds
2022
£
272,411
79,719
16
352,147
284,044
284,044
68,103
-
68,103
36,377
104,480

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 11-18 form part of these accounts.

Page 9

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
39,699
39,699
38,122
48,445
86,567
(22,640)
63,927
103,626
103,626
103,626
-
103,626		 Restricted
Funds
£
-
-
-
2,348
2,348
-
2,348
2,348
-
-
2,348
2,348		 Total
Funds
2023
£
39,699
39,699
38,122
50,793
88,915
(22,640)
66,275
105,974
103,626
103,626
2,348
105,974		 Total
Funds
2022
£
10,870
10,870
23,889
87,319
111,208
(17,599)
93,609
104,480
101,228
101,228
3,252
104,480

The financial statements were approved by the members of the PCC and were signed on its behalf by:

--------------------------------------REV. DAVE MATTHEWS

Date: ____

Charity number: 1130681

The notes on page 11-18 form part of these accounts.

Page 10

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The Parochial Church Council of the Ecclesiastical Church Council of St Luke's, Redcliffe Gardens is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Page 11

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (continued)

iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church events and hall hire.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

Page 12

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (continued)

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Donations in kind from Holy Trinity Brompton (see note 14)
Grants from Holy Trinity Brompton (see note 14)
Other grants
Income tax recoverable
4
Income from charitable activities
Hall and venue hire
Fees and sundry income
5
Charitable expenditure
a
Costs incurred directly on specific activities
Parish share
Salaries of parish workers
Staff, volunteers' and vicar's expenses
Church services, groups and outreach
Hospitality
Mission house and flats
Building running costs and equipment
Building repairs
Donations in kind expensed (production equipment lease)
Grants payable (note 8c)		 2023
£
91,931
23,320
110,158
52,767
2,928
281,104
2023
£
92,429
1,835
94,264
2023
£
87,775
47,256
1,173
5,395
10,886
4,535
74,219
75,355
23,320
329,915
6,865
336,779		 2022
£
104,453
21,819
135,000
2,891
8,249
272,411
2022
£
75,554
4,165
79,719
2022
£
85,200
42,449
1,465
3,977
4,107
9,229
45,084
36,301
21,819
249,631
12,239
261,871

Page 13

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

5 Charitable expenditure (continued)

b Costs incurred on support & administration

Governance costs
Independent examiner's fee
Other
Insurance
Church administration
Training
Travel
Depreciation
Exceptional costs
Other costs
Total expenditure		 3,300
3,188
6,488
7,052
4,562
30
480
11,506
6,590
385
37,093
373,873		 4,080
-
4,080
6,931
3,451
374
161
5,253
-
1,923
22,173
284,044

The fee payable to the independent examiner for preparing and examining the accounts was £3,300 (2022: £3,480); in addition the charity paid £2,640 (2022: £nil) to Stewardship for additional accounting services.

c Grants payable

Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission		 Institutions
£
-
-
Institutions
£
100
100		 Individuals
£
6,865
6,865
Individuals
£
12,139
12,139		 2023
£
6,865
6,865
2022
£
12,239
12,239

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 3.5 (2022: 3.7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

Rev. Dave Matthews (who served as a clergy member of the PCC) received a stipend from the Diocese and so he is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of stipends. Rev. Dave Matthews was provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note 5 'Charitable Expenditure'. The charity also reimbursed expenses to Rev. Dave Matthews; again these costs are disclosed in note 5 'Charitable Expenditure' under the heading 'Staff, volunteers' and vicar's expenses'.

No member of the PCC received employment benefits in either the current or preceding year.

Page 14

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Tangible fixed assets

Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
Debtors
Falling due within one year:
Trade debtors
Tax recoverable
Prepayments and accrued income
Cash at Bank and in Hand
Cash at bank with immediate access
Creditors: liabilities falling due within one year
Trade creditors
Accruals
Short-term Loans		 Fixtures,
fittings and
equipment
£
17,197
40,335
57,532
6,327
11,506
-
17,834
39,699
10,870
2023
£
9,827
2,340
25,955
38,122
2023
£
50,793
50,793
2023
£
6,714
7,533
8,393
22,640		 Total
2023
£
17,197
40,335
-
57,532
6,327
11,506
-
17,834
39,699
10,870
2022
£
9,668
10,179
4,042
23,889
2022
£
87,319
87,319
2022
£
6,132
8,007
3,460
17,599

8 Debtors

10 Creditors: liabilities falling due within one year

11 Pension commitments

During the year employer’s pension contributions totalling £1,441 (2022: £1,077) were payable to defined contribution personal pension schemes. Pension contributions totalling £140 were owing at the balance sheet date (2022: £nil).

Page 15

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Organ repairs
Mission support
Operational fund
Diocesan project
Aggregate of funds		 Opening
balance
2023
£
101,228
101,228
1,875
-
473
904
3,252
104,480		 Incoming
resources
2023
£
292,204
292,204
-
8,014
22,383
52,767
83,164
375,368		 Outgoing
resources
2023
£
(289,215)
(289,215)
-
(8,014)
(22,383)
(54,261)
(84,658)
(373,873)		 Transfers
in the year
2023
£
(591)
(591)
-
-
-
591
591
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
103,626
103,626
1,875
-
473
-
2,348
105,974

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
39,699
-
38,122
-
48,445
-
(22,640)
-
103,626
-
Unrestricted Funds		 Restricted
funds
£
-
-
2,348
-
2,348		 2023
£
39,699
38,122
50,793
(22,640)
105,974

Page 16

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Organ repairs
Afghan refugees
Mission support
Foodbank
Operational fund
Diocesan project
Ukraine Appeal
Aggregate of funds		 Opening
balance
2022
£
23,949
23,949
1,875
500
1,800
73
-
8,180
-
12,428
36,377		 Incoming
resources
2022
£
297,688
297,688
-
-
4,359
-
50,000
-
100
54,459
352,147		 Outgoing
resources
2022
£
(220,409)
(220,409)
-
(500)
(6,159)
(73)
(49,527)
(7,276)
(100)
(63,635)
(284,044)		 Transfers
in the year
2022
£
-
-
-
-
-
-
-
-
-
-
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
101,228
101,228
1,875
-
-
-
473
904
-
3,252
104,480

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
10,870
-
23,889
-
84,067
-
(17,599)
-
101,228
-
Unrestricted Funds		 Restricted
funds
£
-
-
3,252
-
3,252		 2022
£
10,870
23,889
87,319
(17,599)
104,480

Page 17

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds (continued)

The Afghan Refugees and Ukraine Appeal funds were used to support refugees by providing them with necessities such as food and clothing.

The Mission Support fund is used to support a missionary working towards social transformation for refugees and asylum seekers, as well as for outreach activities in the Earl's Court area and supporting international students.

The Organ Repairs fund was used for historic repairs to the church organ but is no longer required and the charity will seek consent to repurpose the remaining funds for an appropriate use.

The Foodbank fund was used to support a foodbank previously operated by the charity and the charity will seek consent to repurpose the remaining funds for an appropriate use.

The Operational fund represents a restricted grant received from HTB towards operational costs.

The Diocese Project fund is funding for investigation and repairs to stonework, electrical work and other urgent matters.

13 Transactions with related parties

During the year the charity:

Cash donations from HTB were £87,775 (2022: £85,000) towards the Parish Share, and a grant of £22,383 (2022: £50,000) restricted for operational costs. Donations in kind in 2023 are £23,320 (2022: £21,819) towards the cost of a commitment to a 3-year production equipment lease. No value has been placed on other services provided by HTB, such as administration and support, as these cannot be reasonably ascertained.

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 18

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE'S REDCLIFFE GARDENS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2023
2023
£
£
197,940
94,264
-
292,204
-
289,215
289,215
-
2,989
-
(591)
-
2,398
-
101,228
-
103,626
-
Unrestricted funds		 Restricted
2023
£
83,164
83,164
84,658
84,658
(1,494)
591
(904)
3,252
2,348		 Total
2023
£
281,104
94,264
-
375,368
373,873
373,873
1,495
-
1,495
104,480
105,974		 General
Designated
2022
2022
£
£
217,953
79,719
16
297,688
-
220,409
220,409
-
77,279
-
-
-
77,279
-
23,949
-
101,228
-
Unrestricted funds		 Restricted
2022
£
54,459
54,459
63,635
63,635
(9,176)
-
(9,176)
12,428
3,252		 Total
2022
£
272,411
79,719
16
352,147
284,044
284,044
68,103
-
68,103
36,377
104,480

Page 19