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St Laurence Church Catford 37 Bromley Road London, SE6 2TS
Regd Charity: 1101092
Annual Report and Accounts 2023
2023 Report and Accounts for the Parochial Church Council of St Laurence Church, Catford
Aim and purposes
St Laurence’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Canon Charles Pickstone, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St Laurence Centre.
Objectives and activities
The mission of the parish, as expressed in the parish mission statement, is ‘to offer, on behalf of a place that God loves, namely Catford, the praise that it has largely forgotten to express’. The PCC is committed to inviting as many people as possible to worship God, and if they feel so called to become part of the parish community at St Laurence’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. Concomitantly, we invite local people to express their worship of God in altruistic service to their local community.
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
• Worship and prayer; learning about the gospel; developing their knowledge and trust in Jesus especially as expressed through the sacraments
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Provision of pastoral care for people living in the parish
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Missionary and outreach work.
To facilitate this work, we regard the maintenance of the fabric of the church of St Laurence and St Laurence Centre as of great importance.
Achievements and performance
The focus of the previous two years had been to continue to assist in the recovery from the challenge that Covid presented to both the church community and the wider community of Catford. 2023, by contrast, saw an increased confidence and better use of St Laurence’s facilities by congregation and community alike. By the end of the year, the congregation was back to an average Sunday attendance of 100, which, although less than the average 120–140 of the pre-Covid era, is a viable number. The Church Hall and Community Centre are also much better used, with every room in use every day of the week, and some at capacity. The church continues to make its hall and ancillary rooms available to local people (of every faith and none) as cheaply as possible, to allow for the growth of community locally. The facilities are used for public and private meetings, social events, training sessions, exercise classes, funeral wakes, blood donation, luncheon clubs, meetings of the local assembly, and Scouts, Cubs and Beavers
Four particular achievements stand out.
We continue to gain recognition for our environmental efforts, particularly in being chosen as the venue for the Mayor of London’s launch event for the expansion of the ULEZ zone in August. This recognition highlights the church’s commitment to becoming a zero-carbon building and its use of air source heat pumps.
We have had a number of successful fundraising events. The church organised various fundraising events throughout the year, including a Community Fair and a dinner and dance event that made the most money of any social event at St Laurence’s in many years. These successful events allowed the church to support charities such as Sense, St Christopher’s Hospice, and Lewisham Churches’ Care.
Third, despite the challenges posed by the conflict in the Holy Land, St Laurence’s managed to maintain interfaith dialogue and cooperation. The church along with local Jewish and Muslim leaders agreed on a joint statement calling for reconciliation and a just solution to the ongoing conflict.
Fourth, thanks to much hard work by Richard Swann, the parish manager, we entirely refurbished all the WC’s in the Church hall; this unglamorous but necessary task underlines our commitment to community building, allowing St Laurence’s to play a lead role in the local community by hosting concerts, social
gatherings, and many different types of event. Notable this year, as well as the use of the building for weekly rehearsals by Lewisham Choral Society, the largest in south-east London, were a concert by our local primary school, and two concerts by young people organised by Lewisham Youth Music, who take children from across the Borough, but especially from the large local authority estates in this part of the Borough.The church also engaged in various charitable activities, including providing support for older people through organizations like Ageing Well in Lewisham, the hugely popular Hummingbird Club for Caribbean elders, and Lewisham Elders’ Forum. The church’s facilities were used to benefit the diverse communities of Catford, demonstrating our commitment to serving the broader community beyond its regular parishioners.
Financial review
We made a surplus, after gains on investments, of £102 in unrestricted funds. Voluntary income was considerably lower than the previous year, as there had been no need to apply for large grants. Giving by the congregation increased satisfactorily, despite the cost of living crisis that continued to affect many households. We contributed £71,000 towards Diocesan funds. The increased value of our investments was used to fund the work of renewing the toilets in the Church hall. Staff costs went up due to the increased number of lettings necessitating extra caretaking; also, there was a considerable increase in the London Living Wage, which we pay as a minimum to all staff.
Reserves policy
It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least six months’ unrestricted payments during normal times. This is equivalent to around £150,000. It is held to smooth out fluctuations in cash flow, to meet emergencies and to protect members of staff in the case of failure. The balance of our unrestricted reserves at the year end was £151,948 which is just above our target.
The balance of £12,023 in the fabric fund is retained towards meeting the upkeep of the Church Hall, Church and Flats, while the £13,439 restricted fund is money that has been given specifically to renew the church lighting. It is our policy to invest the short term investment fund balances with the CCLA Church of England Deposit Fund, and the remainder in the CCLA Church of England Investment Fund.
Volunteers
We would like to thank all the volunteers who have worked so hard over so the year to enable the church and community centre to survive financially and morally, to care for the congregation, and to keep everyone who does enter the building safe. In particular, we want to mention our churchwardens Mrs Baker and Ms Mayne, who have worked so tirelessly on our behalf. We have an estimated 50 volunteers who contribute time and energy to the running of the Church and Community Centre, and the entire community of congregation and Centre users are extremely grateful to them.
Structure, governance and management
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 is a Registered Charity, no 1131092.
The method of appointment of PCC members is set out in the Church Representation Rules. At St Laurence’s, the membership of the PCC consists of the incumbent (our vicar) and other licensed clergy, churchwardens, the Chair of the Centre Management Committee, the safeguarding officers, the readers and members elected by those members of the congregation who are on the electoral roll of the church. The Director of Music, Parish Accountant and Parish Manager are required to be in attendance when invited. All those who attend our services/members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.
The full PCC met six times during the year with an average level of attendance of 75%. Given its responsibility for managing St Laurence Centre, the PCC has a Centre Management committee dealing with the running of the Centre. This committee is responsible to the PCC and reports back to it regularly, minutes of their decisions being received by the full PCC and discussed as necessary.
Administrative information
St. Laurence Church is situated at 37, Bromley Road, Catford. It is part of the Diocese of Southwark within the Church of England. The correspondence address is the Parish Office, 37, Bromley Road, London, SE6 2TS. Registered charity number 1131092.
PCC members who have served at any time from 1 January 2023 until the date this report was approved are: : Ex officio members
Incumbent : The Reverend Canon Charles Pickstone (chairman)
Clergy & readers : The Rev’d Olukayode Oyebode, Mrs Grace Blyth
Wardens :
Mrs Joan Baker
Ms Marva Mayne (from April 2023) Ms Beverley Chin (to April 2023)
PCC hon treasurer
Ms Beverley Chin (from April 2023)
Deanery Synod representatives :
Mrs Grace Blyth, Ms Florence Browne-Marke
Elected members : Ms Corinne Browne-Marke (from April 2023); Ms Elaine Dixon; Ms Leanne HarveyThompson; Ms Lesley Ihekuna; Mrs Bylinda Lundie (to April 2023); Ms Marva Mayne (to April 2023); Mr Victor Obasogie; Mr Paul Omondiale; Ms. Alice Prince-Gilbert (from April 2023); Ms Bridgit Sam-Bailey; Ms Jennifer Thorne.
Chair of Centre Management Committee : Mr Ray Williams
Church Council Secretary : Ms Joyce Turpin
Approved by the PCC on 20th March 2024, and signed on their behalf by the Reverend Canon Charles Pickstone (PCC Chairman)
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Independent Examiner’s Report to the Trustees of St Laurence Catford Parochial Church Council
I report on the accounts of the church for the year ended 31 December 2023 which are set out on the subsequent pages, which show that expenditure exceeds income by £4,572. The net assets are valued at £329,781.
Respective Responsibilities of Trustees and Examiner
The church’s trustees are responsible for the preparation of the accounts. The church’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. It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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To state whether particular matters have come to my attention.
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.
Independent examiner’s statement
Since the gross income for the year exceeds the amount provided in section 145 (3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.
In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements • to keep accounting records in accordance with section 130 of the 2011 Act; and
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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26th March, 2024 Gavin Ellis Accountant 34 London Road Hailsham East Sussex BN27 3BW
Parochial Church Council of St Laurence, Catford Statement of Financial Position at 31 December 2023
| Notes FIXED ASSETS Investments 5 Computer equipment Boiler CURRENT ASSETS Debtors and prepayments 6a Short-term deposits 6b Cash at bank and in hand LIABILITIES Creditors – due within 1 year 7 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS PARISH FUNDS Unrestricted funds General funds 9 Designated funds 9 Restricted 8 Boiler reserve 8 |
2023 2022 £ £ 108,061 95,925 1,207 2,415 186,589 196,410 |
|---|---|
| 295,858 294,749 |
|
| 25,696 57,695 5,500 12,570 49,780 15,989 |
|
| 80,976 86,254 |
|
| 47,052 46,651 |
|
| 33,924 39,603 |
|
| 329,781 334,353 |
|
| 139,925 131,170 12,023 12,023 13,439 18,113 164,394 173,047 |
|
| 329,781 334,353 |
The notes on the succeeding pages form part of these accounts Approved by the Parochial Church Council on 20th March 2024 and signed on its behalf by
The Rev’d Canon Charles Pickstone (PCC Chair)
| Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2023 Restricted funds |
Total funds | 2022 | £ | 238,083 64,348 2,941 168,008 |
473,380 | 306,114 862 |
306,977 | 166,404 | (13,512) (173,047) |
(20,155) 354,508 |
334,353 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total funds | 2023 | £ | 58,765 72,902 2,902 183,564 |
318,132 | 331,360 578 |
331,938 | (13,806) | 9,234 - |
(4,572) - 334,353 |
329,781 | ||
| Restricted funds | Other | 2023 | £ | - | 4,674 | 4,674 | (4,674) | (4,674) 18,113 |
13,439 | |||
| Boiler | 2023 | £ | - | - | - | - (8,652) 173,047 |
164,395 | |||||
| Unrestricted funds | 2023 | £ | 58,765 72,902 2,902 183,564 |
318,132 | 326,686 578 |
327,264 | (9,132) | 9,234 | 102 8,652 143,193 |
151,947 | ||
| Notes Incoming resources Voluntary income 2(a) Activities for generating funds 2(b) Income from investments 2(c) Church activities 2(d) TOTAL INCOME Expenditure Church activities 3(a) Raising funds 3(b) TOTAL EXPENDITURE NET GAINS /(LOSS) ON INVESTMENTS 5 BOILER RESERVE TRANSFERS NET INCOME Transfers Total funds brought forward Total funds carried forward NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS |
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
PAROCHIAL CHURCH COUNCIL OF ST LAURENCE, CATFORD
1. ACCOUNTING POLICIES
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ ‘true and fair view’ provision. They have
been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
ASSETS
Consecrated and benefice property
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. Moveable church furnishings
These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.
Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:
Land: nil
Boilers, fixtures and fittings: 20 years
Computers: 3 years (starting from the first full year after purchase).
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial.
An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.
Investments
Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC’s best estimate of market value.
Short term deposits
These are the cash held on deposit either with the Deposit Protection Fund or at the bank.
FUNDS
Unrestricted Funds
These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report. The Church Council consider it appropriate to keep approximately six months of expenditure as unrestricted reserves.
Restricted Funds
These are income funds that must be spend on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
2. INCOME AND ENDOWMENTS
| 2(a) Voluntary income Planned giving:Gift Aid donations Tax recoverable Other planned giving Collections (open plate) Grants Donations, appeals, etc 2(b) Activities for generating funds Fundraising Rent–temporary let of clergy flats 2(c) Income from investments Dividends on CCLA Investment Fund |
Unrestricted funds Restricted funds TOTAL 2023 TOTAL 2022 £ £ £ £ 31,618 31,618 30,783 9,784 9,784 8,355 7,298 7,298 7,819 7,626 7,626 6,939 (1,813) (1,813) 174,889 2,725 1,527 4,252 9,299 |
|---|---|
| 59,050 (286) 58,765 238,083 |
|
| 6,968 6,968 2,848 65,934 65,934 61,500 |
|
| 72,902 - 72,902 64,348 |
|
| 2,902 2,902 2,941 |
|
| 2,902 - 2,902 2,941 |
| 2(d) Income from church activities Fees for weddings and funerals Church Centre lettings-local community use Other Income Total income 3.EXPENDITURE 3(a) Church Activities Missionary & charitable giving, (note 11) Ministry: diocesan parish quota Other ministry cost Church running & maintenance Major repairs Bank charges Director of music, organist, tuning Caretaking Events 3(b) Raising funds Costs of refreshments TOTAL RESOURCES EXPENDED 4. STAFF COSTS Wages & salaries No. of permanent employees Printing, postage & stationery |
3,235 3,235 4,461 177,795 177,795 162,885 2,534 2,534 663 |
|---|---|
| 183,564 - 183,564 168,008 |
|
| 318,418 (286) 318,132 473,380 |
|
| Unrestricted funds Restricted funds TOTAL 2023 TOTAL 2022 £ £ £ £ 3,167 3,167 1,183 71,000 71,000 70,000 2,469 2,469 2,347 132,997 132,997 113,203 29,440 29,440 29,090 3,626 3,626 3,106 1,409 1,409 1,555 19,882 19,882 17,888 65,036 65,036 52,197 1,286 1,048 2,334 15,545 |
|
| 330,312 1,048 331,360 306,114 |
|
| 578 578 862 |
|
| 578 - 578 862 |
|
| 330,890 1,048 331,938 306,977 |
|
| 2023 2022 114,398 £ 97,857 £ 10 7 |
There were no employee benefits to key management personnel in the previous or current years. During the year, the PCC employed a Parish Manager, Director of Music, a Finance Officer and a number of caretakers.
5. FIXED ASSETS
| Investments 2023 2022 Amounts invested with CCLA £ £ Amounts held in trust by CCLA through The South London Church Fund and the Southwark Diocesan Board of Finance in respect of monies in connection with: Sale of 34 Canadian Avenue (1987) 36,811 36,811 Miss Hilda May Augusta Marsh & Miss Pansie Beatrice Edney bequests (1989) 3,180 5,648 39,991 42,459 These funds are principally invested in units of the CBF Church of England Investment Fund Market value of 4,646.20 units at 01 January 2023 (2022:5,408.89) 95,925 126,496 Sale of 0 units during 2023 (2022:899.16) - (20,000) Cost of 134.14 additional units purchased during 2023 (2022:136.47) 2,902 2,941 Increase/(Decrease) in Market Value during the year 9,234 (13,512) Market value of 4780.34 units at 31 Dec 2023 (2022:4,646.20) 108,061 95,925 Units Value (£) Cost of additional units 34 Canadian Avenue 113.54 2,456 Marsh & Edney 20.60 446 134.14 2,902 Units at Dec 31st, 2023 34 Canadian Avenue 4,046.46 91,471 Marsh & Edney 733.88 16,590 4,780.34 108,061 |
Investments 2023 2022 Amounts invested with CCLA £ £ Amounts held in trust by CCLA through The South London Church Fund and the Southwark Diocesan Board of Finance in respect of monies in connection with: Sale of 34 Canadian Avenue (1987) 36,811 36,811 Miss Hilda May Augusta Marsh & Miss Pansie Beatrice Edney bequests (1989) 3,180 5,648 39,991 42,459 These funds are principally invested in units of the CBF Church of England Investment Fund Market value of 4,646.20 units at 01 January 2023 (2022:5,408.89) 95,925 126,496 Sale of 0 units during 2023 (2022:899.16) - (20,000) Cost of 134.14 additional units purchased during 2023 (2022:136.47) 2,902 2,941 Increase/(Decrease) in Market Value during the year 9,234 (13,512) Market value of 4780.34 units at 31 Dec 2023 (2022:4,646.20) 108,061 95,925 Units Value (£) Cost of additional units 34 Canadian Avenue 113.54 2,456 Marsh & Edney 20.60 446 134.14 2,902 Units at Dec 31st, 2023 34 Canadian Avenue 4,046.46 91,471 Marsh & Edney 733.88 16,590 4,780.34 108,061 |
2023 2022 £ £ 36,811 36,811 3,180 5,648 |
|---|---|---|
| 39,991 42,459 |
||
| 108,061 95,925 |
||
| 134.14 2,902 |
||
| 4,046.46 91,471 733.88 16,590 |
||
| 4,780.34 108,061 |
6. CURRENT ASSETS
6(a) Debtors and prepayments
| Prepayments Accrued income Debtors 6(b) Short term deposits Deposits with Nat West Bank Deposit protection scheme 7. LIABILITIES Amounts held on behalf of others Vicar’s Discretionary fund Women’s fellowship Choir holiday fund Choir Bursary fund Minichoir fund Choir Concerts Fund Benevolent Fund Toilet Twinning Other Flat deposits held Other creditors and accruals 8. RESTRICTED FUNDS The restricted funds have evolved as follows: Church Lighting Fund Green Boiler Fund 9. SUMMARY OF UNRESTRICTED FUND MOVEMENT Designated unrestricted funds Church maintenance fund Balance 1 January Transfers during the year Balance 31 December Centre maintenance fund Balance 1 January Transfers during the year Balance 31 December Total designated funds Unrestricted and undesignated funds Balance 1 January |
Balance Donations 31/12/2022 2023 £ £ 18,113 - 173,047 - |
2023 2022 £ £ - - 8,000 15,500 16,588 42,195 24,588 57,695 100 7,170 5,400 5,400 5,500 12,570 2023 2022 £ £ 2,194 2,194 1,649 1,849 268 268 2,247 2,247 337 337 55 511 200 200 - - 260 583 7,211 8,189 5,400 5,400 34,155 33,062 46,765 46,651 Expenditure Transfer Balance 2023 2023 31/12/2023 £ £ £ 4,674 - 13,439 - (8,652) 164,394 4,674 (8,652) 177,834 2023 2022 £ £ 7,679 7,679 - - 7,679 7,679 4,344 4,344 - - 4,344 4,344 12,023 12,023 131,169 141,325 |
|---|---|---|
| 191,160 - |
||
| S | ||
| Surplus and transfers during the year | 8,754 (10,156) |
|
| Balance 31 December Total reserves at 31st December 2023 |
139,924 131,169 Restricted Designated Unrestricted Total & undesignated £ £ £ £ 177,834 12,023 139,924 329,781 |
| ARY OF ASSETS BY FUND Investments & other fixed assets Debtors & prepayments Short term deposits Cash at bank and in hand less creditors due within one year TABLE DONATIONS London Hearts Lewisham Refugee Migrant Network Lewisham Churches Care St Christopher's Hospice Sense Smile Train Melqosh Mission Friends of the Holy Land A Rocher UK Royal British Legion |
unrestricted restricted Total 2023 Total 2022 funds funds £ £ £ £ 131,463 164,394 295,858 294,749 25,696 - 25,696 57,695 5,500 - 5,500 12,570 36,341 13,439 49,780 15,989 (47,052) - (47,052) (46,651) |
|---|---|
| 151,948 177,834 329,781 334,353 |
|
| 2023 2022 £ £ 752 431 500 500 500 500 500 500 125 42 3,167 1,183 |
10. SUMMARY OF ASSETS BY FUND
11. CHARITABLE DONATIONS
12. SUMMARY OF GRANTS RECEIVED
The PCC wishes to record its gratitude to the following generous donors:
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Kirby Laing Trust (eco boiler) | 5,000 | ||
| London borough of Lewisham (eco boiler) | 20,000 | ||
| Greater London Authority (eco boiler) | 50,000 | ||
| Viridor (eco boiler) | 50,000 | ||
| HLF (gyratory project) | 5,750 | ||
| London borough of Lewisham (gyratory project) | 4,500 | ||
| London Borough of Lewisham (restart grant) | 4,000 | ||
| The SLCF and SDBF (school singing project) | 925 | ||
| London borough of Lewisham (The Big Help Out) | 50 |