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: - Worship and prayer; learning about the gospel; developing their knowledge and trust in Jesus especially as expressed through the sacraments - Provision of pastoral care for people living in the parish - 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. (6) �� ���� ��������� �� ������ ��� ������ ������� �������� ��� ������ ������ ���������� � ���� ����� �� ��������� ��� ���� ��� ����� ���� �������� �� ���������� ��� �� �������� ����� ���� ���� �� ���4� ������ ## **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: - Examine the accounts under section 145 of the 2011 Act; - 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 - 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 2. 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|||