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St Laurence Church Catford 37 Bromley Road London, SE6 2TS
Regd Charity: 1101092
Annual Report and Accounts 2024
2024 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:
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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
2024 has been a period of slow growth, marked by a number of key developments.
(1) There have important developments in our work with young people, especially with regard to music. A key aspect of our work locally, going back to the founding of the parish, has been making available to young people a rich musical repertoire, in particular in enabling them to understand and appreciate the emotional languages of classical and contemporary music as an expression of worship of God. To this end, we have developed increasingly strong links with our local state primary schools. We have been running an after school club in our neighbouring Rushey Green School premises in conjunction with their music teacher, ‘The Rushey Green Songstars’; we are now running our own after school club in the church, which provides education in singing and also oven chips, known as ‘Tunes and Chips’. Attended by children from Rushey Green School and Holbeach School (another state school in the parish), this has been very successful, thanks partly to a significant number of dedicated volunteers from the congregation. In return for their free musical education, the young people sing at a service in church every month.
(2) The year has seen a particular focus on giving to charity; during Lent, we had visiting preachers from the Manna Society, Christian Aid, Friends of the Holy Land and Action for Conservation. Representatives from these charities had the chance to speak at length about the work of their charity after mass in the church hall.
(3) The work of the Centre, which is run by a subcommittee of the Church Council, continues to flourish under the able direction of the Parish Manager. The usage rate has increased over the year, so that on many days all the rooms are in use much of the day. 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. Thus church’s facilities are used to benefit the diverse communities of Catford, demonstrating our commitment to serving the broader community beyond our regular parishioners. The nursery who use two rooms in the Centre changed hands over the year, which required considerable negotiation. Members of the church also engaged in various charitable activities at an administrative and managerial level, including providing support for older people’s organisations like Ageing Well in Lewisham, the hugely popular Hummingbird Club for Caribbean elders, and Lewisham Elders’ Forum.
(4) Use of the church for occasional services during the week has increased. Sadly, this is partly due to the large number of funerals in church that we are asked to conduct (this year 18 funerals in church, up from 12 the previous year). In particular, the Windrush generation of Caribbean people who came to the UK in the 1960s are reaching the end of the lives, having made an important and distinctive contribution to British life and society, and many of their families are looking to have their funerals conducted at St Laurence’s. We also hosted the 10th anniversary service of our local foodbank, and were honoured to host the Mayor of Lewisham’s Civic Carol Service for the first time for many years. The Bishop of Woolwich’s annual clergy study day for all local Anglican clergy took place here in the autumn.
(5) Finally, despite the challenges posed by the continuing conflict in the Holy Land, St Laurence’s managed to maintain interfaith dialogue and cooperation, especially with our Jewish and Muslim neighbours, notably through a general election hustings organised by and on behalf of local faith communities.
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Financial review
We made a small surplus, before gains on investments, of £2,313 in unrestricted undesignated funds (£7,277 including gains on investments and designated income). Voluntary income was higher than the previous year. Giving by the congregation increased satisfactorily, despite the cost of living crisis that continued to affect many households. We contributed £75,000 towards Diocesan funds. 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 £160,000. 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 £167,877 which is comfortably above our target.
The balance of £13,523 in the fabric fund is retained towards meeting the upkeep of the Church Hall, Church and Flats, while the £16,289 restricted fund is money that has been given specifically to renew the church lighting. The boiler reserve is the residual value of our Air Source Heat pumps, which is depreciated over 20 years. 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 enters the building safe. In particular, we want to mention our churchwardens Mrs Baker (until April), Ms Browne-Marke (from April) 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.
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 2024 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 (to October 2024), Mrs Grace Blyth Wardens : Mrs Joan Baker (to April 2024) Ms Marva Mayne Ms Corinne Browne-Marke (from April 2024) PCC hon treasurer Ms Beverley Chin Deanery Synod representatives : Mrs Grace Blyth, Ms Florence Browne-Marke, Mr Robert Green (from April 2024) Elected members : Ms Donna Archibald (from April 2024); Ms Elaine Dixon (until April 2024); Mr Kofi Hagan (from April 2024); Ms Leanne Harvey-Thompson; Ms Lesley Ihekuna; Ms Dorna McCorkle (from April 2024); Mr Victor Obasogie; Mr Paul Omondiale; Ms Alice Prince-Gilbert; Ms Bridgit Sam-Bailey (to April 2024); Ms Jennifer Thorne. Chair of Centre Management Committee : Mr Ray Williams Church Council Secretary : Ms Joyce Turpin Parish safeguarding officers : Ms Lesley Ihekuna, Ms Fiona Tyrell-Jackson
Approved by the PCC on 26th March 2025, and signed on their behalf by the Reverend Canon Charles Pickstone (PCC Chairman)
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 2024 which are set out on the subsequent pages, which show that income exceeds expenditure by £17,827 (of which £7,277 is in unrestricted funds). The net assets are valued at £347,609.
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
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
26th April, 2025 Gavin Ellis Accountant 34 London Road Hailsham East Sussex BN27 3BW
| Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Activities for the year ended 31 December 2024 General Funds Designated Boiler Other Total funds Total funds 2024 2024 2024 2024 2024 2023 Notes £ £ £ £ £ £ Incoming resources Voluntary income 2(a) 67,187 14,700 81,887 58,765 Activities for generating funds 2(b) 70,228 70,228 72,902 Income from investments 2(c) 3,030 3,030 2,902 Church activities 2(d) 200,278 2,500 202,778 183,564 TOTAL INCOME 340,725 2,500 - 14,700 357,925 318,132 Expenditure Church activities 3(a) 337,689 4,150 341,839 331,360 Raising funds 3(b) 723 723 578 TOTAL EXPENDITURE 338,412 - - 4,150 342,562 331,938 2,313 2,500 - 10,550 15,363 (13,806) NET GAINS /(LOSS) ON INVESTMENTS 5 2,464 2,464 9,234 BOILER RESERVE TRANSFERS - - NET INCOME 4,777 2,500 - 10,550 17,827 (4,572) Transfers 8,652 (8,652) - - Total funds brought forward 139,925 12,023 164,395 13,439 329,781 334,353 Total funds carried forward 153,354 14,523 155,742 23,989 347,609 329,781 NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS AND LOSSES & RESERVE TRANSFERS Restricted funds Unrestricted funds |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 153,354 | 4,777 8,652 139,925 |
2,464 | 2,313 | 338,412 | 337,689 723 |
340,725 | 67,187 70,228 3,030 200,278 |
£ | 2024 | General Funds | Unrestricted funds |
| 14,523 | 2,500 12,023 |
2,500 | - | 2,500 | 2,500 | £ | 2024 | Designated | |||
| 155,742 | - (8,652) 164,395 |
- | - | - | £ | 2024 | Boiler | Restricted funds | |||
| 23,989 | 10,550 13,439 |
10,550 | 4,150 | 4,150 | 14,700 | 14,700 | £ | 2024 | Other | ||
| 347,609 | 17,827 - 329,781 |
2,464 - |
15,363 | 342,562 | 341,839 723 |
357,925 | 81,887 70,228 3,030 202,778 |
£ | 2024 | Total funds | |
| 329,781 | (4,572) - 334,353 |
9,234 - |
(13,806) | 331,938 | 331,360 578 |
318,132 | 58,765 72,902 2,902 183,564 |
£ | 2023 | Total funds |
Parochial Church Council of St Laurence, Catford Statement of Financial Position at 31 December 2024
| 2024 | 2023 | 2023 | ||
|---|---|---|---|---|
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Investments | 5 | 113,556 | 108,061 | |
| Computer equipment | - | 1,207 | ||
| Boiler | 176,769 | 186,589 | ||
| 290,325 | 295,858 | |||
| CURRENT ASSETS | ||||
| Debtors and prepayments | 6a | 27,187 | 25,696 | |
| Short-term deposits | 6b | 9,124 | 5,500 | |
| Cash at bank and in hand | 58,714 | 49,780 | ||
| 95,025 | 80,976 | |||
| LIABILITIES | ||||
| Creditors – due within 1 year | 7 | 37,741 | 47,052 | |
| NET CURRENT ASSETS/(LIABILITIES) | 57,284 | 33,924 | ||
| TOTAL ASSETS | 347,608 | 329,781 | ||
| PARISH FUNDS | ||||
| Unrestricted funds | ||||
| General funds | 9 | 153,354 | 139,925 | |
| Designated funds | 9 | 14,523 | 12,023 | |
| Restricted | 8 | 23,989 | 13,439 | |
| Boiler reserve | 8 | 155,742 | 164,394 | |
| 347,608 | 329,781 | |||
| - | - |
The notes on the succeeding pages form part of these accounts Approved by the Parochial Church Council on 26th March 2025, and signed on its behalf by
The Rev’d Canon Charles Pickstone (PCC Chair)
PAROCHIAL CHURCH COUNCIL OF ST LAURENCE, CATFORD NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024
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 2(d) Income from church activities Fees for weddings and funerals |
Unrestricted funds Restricted funds TOTAL 2024 TOTAL 2023 £ £ £ £ 37,664 37,664 31,618 10,614 10,614 9,784 5,266 5,266 7,298 9,064 9,064 7,626 14,700 14,700 (1,813) 4,580 4,580 4,252 67,187 14,700 81,887 58,765 - 1,796 1,796 6,968 68,432 68,432 65,934 70,228 - 70,228 72,902 - 3,030 3,030 2,902 3,030 - 3,030 2,902 - 2,735 2,735 3,235 |
|---|---|
| Church Centre lettings-local community use Other Income Total income |
189,498 189,498 177,795 10,545 10,545 2,534 202,778 - 202,778 183,564 - 343,225 14,700 357,925 318,132 - |
|---|---|
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 |
Unrestricted funds Restricted funds TOTAL 2024 TOTAL 2023 £ £ £ £ 4,827 4,827 3,167 75,000 75,000 71,000 2,005 2,005 2,469 145,402 145,402 132,997 23,529 23,529 29,440 2,778 2,778 3,626 1,456 1,456 1,409 10,043 10,043 19,882 72,514 72,514 65,036 134 4,150 4,284 2,334 337,689 4,150 341,839 331,360 723 723 578 723 - 723 578 338,412 4,150 342,562 331,938 - 2024 2023 116,106 £ 114,398 £ 10 10 |
|---|---|
No. of permanent employees
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
| 5. FIXED ASSETS | 5. FIXED ASSETS | |
|---|---|---|
| Investments 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) |
2024 2023 £ £ 36,811 36,811 |
|
| Miss Hilda May Augusta Marsh & Miss Pansie Beatrice Edney bequests (1989) | 3,180 3,180 |
|
| These funds are principally invested in units of the CBF Church of England Investment Fund Market value of 4,780.34 units at 01 January 2024 (2023:4,646.20) Sale of 0 units during 2024 (2023:0) Cost of 130.67 additional units purchased during 2024 (2023:134.14) Increase/(Decrease) in Market Value during the year Market value of 4,911.01 units at 31 Dec 2024 (2023:4,780.34) Units Value (£) Cost of additional units 34 Canadian Avenue 110.61 2,565 Marsh & Edney 20.06 465 130.67 3,030 Units at Dec 31st, 2024 34 Canadian Avenue 4,157.07 96,123 Marsh & Edney 753.94 17,433 4,911.01 113,556 |
39,991 39,991 108,061 95,925 - - 3,030 2,902 2,464 9,234 113,556 108,061 - |
|
| 130.67 3,030 |
||
| 4,157.07 96,123 753.94 17,433 |
||
| 4,911.01 113,556 |
6. CURRENT ASSETS 6(a) Debtors and prepayments
2024
2023
| 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 |
£ £ 1,173 1,108 8,000 8,000 18,014 16,588 |
|---|---|
| 27,187 25,696 |
|
| 3,724 100 5,400 5,400 |
|
| 9,124 5,500 |
|
| 2024 2023 £ £ 2,194 2,194 800 1,649 - 268 1,384 2,247 - 337 - 55 - 200 - - 260 260 |
|
| 4,639 7,211 |
|
| 5,400 5,400 27,702 34,155 |
|
| 37,741 46,765 |
8. RESTRICTED FUNDS
The restricted funds have evolved as follows:
| evolved as follows: | |
|---|---|
| Church Lighting Fund Green Boiler Fund Tunes & Chips (Diocesan grant) Heritage Fund - Passion Play |
Balance Donations Expenditure Transfer Balance 31/12/2023 2024 2024 2024 31/12/2024 £ £ £ £ £ 13,439 5,000 2,150 16,289 164,394 (8,652) 155,742 - 1,500 1,500 - - 8,200 500 7,700 |
| 177,834 14,700 4,150 (8,652) 179,731 |
| 9. SUMMARY OF UNRESTRICTED FUND MOVEMENTS 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 Parish Hardship fund Balance 1 January Transfers during the year Balance 31 December Total designated funds Unrestricted and undesignated funds Balance 1 January |
2024 2023 £ £ 7,679 7,679 1,500 - 9,179 7,679 4,344 4,344 - - 4,344 4,344 - - 1,000 - 1,000 - 14,523 12,023 - 139,924 131,169 |
|---|---|
| Surplus and transfers during the year | 13,429 8,754 |
| Balance 31 December Total reserves at 31st December 2024 |
153,353 139,924 Restricted Designated Unrestricted Total & undesignated £ £ £ £ 179,731 14,523 153,353 347,608 |
| 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 |
unrestricted restricted Total 2024 Total 2023 funds funds £ £ £ £ 134,583 155,742 290,325 295,858 27,187 - 27,187 25,696 9,124 - 9,124 5,500 34,725 23,989 58,714 49,780 (37,741) - (37,741) (47,052) |
|---|---|
| 167,877 179,731 347,608 329,781 |
|
| - |
10. SUMMARY OF ASSETS BY FUND
| TABLE DONATIONS Lewisham Churches Care St Christopher's Hospice Sense Smile Train Melqosh Mission Friends of the Holy Land A Rocha UK Royal British Legion Cancer Research Mammakind Amos Trust Alzheimers Society Christian Aid The Manna Society Action for Conservation |
2024 2023 £ £ 500 570 500 500 500 500 500 500 668 500 125 42 500 500 500 126 343 297 78 |
|---|---|
| 4,584 3,167 |
11. CHARITABLE DONATIONS
12. SUMMARY OF GRANTS RECEIVED
The PCC wishes to record its gratitude to the following generous donors:
| MARY OF GRANTS RECEIVED wishes to record its gratitude to the following generous donors: |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| The SLCF and SDBF (school singing project) | 925 | |||
| London borough of Lewisham (The Big Help Out) | 50 | |||
| The National Lottery Heritage Fund (Passion Play project) | 8,200 | |||
| Southwark Diocese (Tunes & Chips project) | 1,500 | |||
| London borough of Lewisham (Church lighting project) | 5,000 |