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← The Parochial Church Council Of The Ecclesiastical Parish Of St Mary, Beddington

2023-12-31-accounts

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St Mary the Virgin, Beddington Annual Report

31 December 2023

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Putting faith into practice through prayer and scripture, music and sacrament.

Registered with the Charity Commission as “Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Beddington” with Charity number 1131167

The Parish Church

Address

St Mary the Virgin, Beddington St Mary the Virgin in the Deanery of Sutton, Church Road Archdeaconry of Reigate Wallington, Surrey, and Diocese of Southwark SM6 7NH

Incumbent

The Reverend Andrew Fenby

Correspondence address

The Rectory 18 Bloxworth Close Wallington, Surrey SM6 7NL

Bankers

Santander plc CCLA Investment Bootle Management Ltd Merseyside One Angel Lane L30 4GB London EC4R 3AB

Independent Examiner

Mr Robert Cunningham, ADA 64 Widmore Road Bromley, Kent BR1 3BD

This is the form of annual report and financial statements required by the Charities Act 1993 and

the Church Accounting Regulations 2006, together with the Statement of Recommended Practice 2005 published by the Charity Commission.

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Gracious Father, we pray for your Church. Fill it with your truth, keep it in your peace and unite it in your love, through Jesus Christ our Saviour. Amen

St Mary’s is a Church of England (Anglican) Church serving the Parish of Beddington. We are in the Reigate Episcopal Area of the Diocese of Southwark, and within Sutton Deanery.

Aims and purposes

St Mary's Parochial Church Council (PCC) has the responsibility of cooperating with the Rector, the Reverend Andrew Fenby, in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical.

Our aim is to proclaim God's greatness in all that we do as a community and as individuals and to rejoice in God's saving love for the world revealed in Jesus Christ.

At St Mary’s we welcome people of all ages, backgrounds and experiences. We embrace the diversity of God’s children and give thanks for all that we can learn about God from each other as we walk together on our journeys of faith.

We believe that God calls us to love not to judge. He meets each of us where we are in our lives and we hope to model His unconditional welcome in our worshipping community.

We are committed to opening our arms to all God’s people regardless of, for example, age, gender, gender identity, sexual orientation, marital or family status, ethnicity, race, colour, nationality, cultural origin, religion, disability, experience of mental distress, HIV status, caring responsibility, class, education, employment status, political belief or criminal conviction.

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Structure, Governance and Management

St Mary's Parochial Church Council (PCC) is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers Measure. The PCC is a registered charity of which all members are trustees.

It comprises lay persons, elected at the Annual Parish Meeting, who together with the incumbent, licensed clergy, the churchwardens, ex officio and co-opted members (if any), are responsible for the initiation, conduct and development of the Church’s work within the parish and outside, whereby the whole mission of the Church is promoted.

The method of appointment of PCC members is set out in the Church Representation Rules. All members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

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In accordance with the requirements for disclosure, the Parochial Church Council members who have served during the reporting year (1 January – 31 December 2023) include::

Ex-officio members:

Incumbent: Fr Andrew Fenby (Chair) Churchwardens: Mandy Larkum ) From Judy Page ) APCM 2023 Reader: Alison Hargreaves Southwark Pastoral Auxiliary: Maud Adams Deanery Synod Representatives: Bronwyn Collins ) From Ann Lusmore ) APCM 2023 Linda Wood ) Elected members: Edward Stawiarski ) To APCM 2023 Richard Pocock ) From APCM 2023 Elizabeth Atkins Ian Atkins Gill Caddick Sophie Longmoor Francesca Markland Christine Morgan Jill Pope Behrang Taheri Linda Waters

Standing Committee

The PCC Standing Committee has the power to transact the business of the PCC between PCC meetings. Ratification of any Standing Committee decision is made at the next PCC meeting. Members of the Standing Committee comprise:

Andrew Fenby Mandy Larkum Christine Morgan Judy Page

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Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. We are an inclusive, friendly church and welcome people of all ages, backgrounds and experiences.

The PCC held six meetings in the year. One further matter required PCC consultation and approval between these meetings and this took place via email.

All adults working in a position of trust eg the choir and Sunday club, are DBS checked and they are updated as and when required. Maud Adams and Judy Page attended the two-day online Southwark safeguarding course in 2022, and Mandy Larkum has attended it this year. All members of the PCC have been asked to complete relevant online training: Raising Awareness of Abuse, and the basic and foundation courses of Safeguarding.

We strive to create an environment which is sensitive and respectful, and create an awareness of safeguarding being everyone’s concern. Ensuring everyone is confident and aware of who to contact with any concerns and how, is paramount. We ensure any issues are dealt with in a confidential and respectful manner.

Parish Support Fund (‘PSF’): Our pledge for 2024 was determined following PCC consultation on 14 August. When considering our finances it was clear that whilst our income had remained virtually unchanged, our outgoings had increased significantly to the point where it would be not only unrealistic to increase our pledge, but equally difficult to maintain it at the 2023 level of £41,000. In determining what would be an achievable amount for the church to offer, it was disappointing to have to reduce our 2024 PSF pledge to £38,000. This decision was not taken lightly and we hope to improve our contribution next year.

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Achievements

National Lottery Heritage Fund

With the completion of these 2023 activities, the two-year contract of our Activity Fund Coordinator concluded and we said goodbye to Philippa Messiano in June 2023. We thank Philippa for having worked so enthusiastically on all the project activities, covering the areas of public engagement we had established.

When the final NLHF accounts were drawn up, an underspend of £22,900 was found. We were delighted when agreement was reached with the NLHF for this amount to be reallocated to cover the cost of employing a Coffee Shop manager, starting in January 2024.

The NLFH funded project has now concluded. We are grateful to Alison Hargreaves, Chris Morgan and Judy Page who from 2019 made up the working party that achieved the lottery funding and saw the project through to its completion.

The Next Stage

We are obliged to continue community engagement activities over the next few years and report these back to the NLHF. The planning for this will take on a wider development group involving churchwardens, deputy churchwardens, the Director of Music, the organist and members of the activity groups in church.

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Worship and Services

Twenty-twenty three saw St Mary’s return to a steady pattern of worship after the long tail of disruption caused the pandemic, though some areas of our liturgical life have not been restarted.

Enhanced by our team of musicians and choristers, servers, sidespeople, readers and intercessors the main focus of our regular worship continued to be the Sunday 9:30 Sung Eucharist, the best attended of our regular services. Choral Evensong was sung weekly during school term time, a pattern now rare in parish churches, and attracted a small but dedicated congregation, as did the 8am Said Mass and the midweek Wednesday eucharist. In the second half of the year numbers attending all services grew moderately but observably.

Parish Reader Alison completed her first full year at St Mary’s in 2023, preaching and assisting at the Parish Mass and regularly presiding and preaching at Evensong.

We were delighted to welcome again the officers and young people of the Sutton Sea Cadets who joined us for morning services on Sea Sunday and Harvest Festival, and during the Christmas season we welcomed several of our local schools to church for their yearly carol services. On the weekend of 6-7 May we joined the country in celebrating the coronation of King Charles III and Queen Camilla through community events and liturgy.

Nine children and three adults were welcomed into Christ’s Church through the sacrament of baptism at St Mary’s in 2023, and four candidates from this church were confirmed by the Bishop of Croydon. Four couples were married here, and there were nine funerals in church and seven services for the burial of ashes in the churchyard.

Sunday Club

In the past year, St. Mary's Sunday Club has continued to flourish as a vibrant hub of spiritual education and community engagement. Our dedicated team of parents and volunteers have worked tirelessly to create a nurturing environment where children can learn about the teachings of the Bible in a fun and interactive manner. From sharing stories of courage and faith like David and the Lion's Den to crafting meaningful representations of biblical scenes, our Sunday Club curriculum has sparked curiosity among our young learners. At the annual crib service, our children showcased their talents by reenacting the nativity story, reminding us all of the true meaning of Christmas. Additionally, our Easter egg hunt was a joyful celebration of new life and resurrection, as children eagerly searched for eggs while reflecting on the significance of Easter.

Mondays @ St Mary’s

The group continues to meet via Zoom on Monday evenings, to read and study the Bible, share and discuss ideas raised and pray for the parish and the world. Meeting via Zoom enables members of the group who travel abroad and spend time in other locations to still participate in sessions and stay connected. During Lent the group used the meditations and questions posed in Stephen Cottrell's book The Nail as a Lent Study and preparation for Easter.

Pastoral Care

Pastoral care roles are taken by Alison (Reader) and Maud (SPA). Home communions are given by Father Andrew, Alison and Maud. Those on our Prayer List are prayed for during Morning Prayer and at the Wednesday morning Eucharist.

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Eco Church

St Mary’s Environment Working Group continued to work through its action plan in 2023, with regular reviews of progress and reports back to the PCC.

In March 2023 St Mary’s was delighted to be awarded the Eco Church Bronze Award and proudly displays the certificate in the Centre at the West door. Further action taken to improve our ‘green’ credentials and add to our existing environment-friendly practices included:

The Environment Working Group will continue to meet regularly in 2024 to determine how actions taken so far can become embedded. Its key aim will be to identify what further actions are required for St Mary’s to achieve Eco Church Silver award status.

Further information can be found in the separate Eco Church Report.

Social Activities and Fundraising

The Tower Coffee Shop

The Tower Coffee Shop has kept open consistently during 2023. It has been a challenge to engage volunteers and cover for absences, but to ensure that we ran the coffee shop with increasing numbers of customers, we employed a manager. In 2023 Joe Hargreaves managed the Coffee Shop, working two days a week and covering absences when necessary. The Coffee Shop is providing an increasing source of revenue for church funds. We have to look forward to engaging paid staff in the future which will ensure the consistency and efficiency of continuing the growth of sales and profits. We have been fortunate to have volunteers from Sutton Volunteers and the Hong Kong Chinese Community in Sutton who have been invaluable. When Joe left to start a new job, we employed managers from our volunteers to cover 4 days a week. As noted in the NLHF report, we have received £22,900 of grant monies to cover employment costs. Future discussions will take place to decide a plan of action for when this grant money is expended.

The coffee shop continues to welcome everyone in the community. We have links with local schools (Carew Academy and Sherwood Park) with the pupils learning life skills.

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Other Activities

Our Sunday afternoon concerts have continued throughout 2023. The Beddington Consort (David Harvey - flute and Richard Price - piano/harpsichord) gave well received recitals in April and October. We also welcomed David Harvey again in October, this time with Peter Duncan, performing a jazz programme. These concerts were followed by a cream tea, and all concerts were well attended. Admittance was free but donations were gratefully received. A note of thanks to all performers who offer their services completely free of charge. David Harvey and Richard Price especially have given around two concerts at St Mary’s every year since 2013. David Harvey has also performed at St Mary’s with other talented musicians in jazz duos. We warmly thank these musicians for sharing their talents so generously.

In September 2023, Pam organised a Vivaldi come and sing event ‘Happy and Glorious’ with choir, orchestra and organ. This was a great success, involving many visitors joining the choir for rehearsals and then on the day of the concert. The church was filled with an appreciative audience!

The Frost Fair took place in November. We had a good array of stalls throughout the church and church centre, run by church members and also by external stall holders. Many came along to enjoy this event and stock up on some early Christmas presents. This year, a small organising committee was formed which was a great help and brought new energy to this annual event.

All of these events raise much needed funds for the church and would not be possible without the few volunteers who give their time and effort to make sure these events go ahead and run smoothly. Please see Lizzie Atkins or Pam Akhurst if you could offer your help at similar events in future.

Men's Group

The Men's Group continued with their twice monthly meetings for breakfasts and evening meals. They were sorry to learn of the death of Gerrie England who had been staunch members since the group was set up.

Anyone wishing to join the group should speak with Ian Atkins.

Performance

Attendance

We welcomed 131 worshippers on Easter Sunday and 200 on Christmas Eve/Day 2023. During the season of Advent, we greeted 460 worshippers and just under 800 attendees for school carol services.

Electoral Roll

There were 99 people on the Electoral Roll, 53 of whom were not resident in the parish.

Deanery Synod

St Mary’s can elect three lay members to sit on the Deanery Synod. Representation on the synod provides the PCC with an important link between the parish and the wider structures of the church. The Deanery Synod meetings are the formal gatherings which focus on the mission and ministry in our area (the London Borough of Sutton) and are times when through presentations, discussion and debate the parishes can share information, work together and support each other in issues that matter to the worshipping community. The Diocese has encouraged the development of deanery leadership teams, to provide more

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opportunities for local lay leaders to work in partnership with each other and with clergy to develop local initiatives for their communities and support the Diocesan growth objectives. In 2023 there were two Deanery Synod meetings both held at the Church of the Good Shepherd Carshalton Beeches. The first one in March was primarily to introduce the newly installed Bishop of Croydon The Rt Rev'd Rosemary Mallet to Synod members. The second meeting was of the newly elected Deanery Synod, where elections happened for the posts of Lay Chair, Secretary and treasurer. Other topics included The St Mary's Almshouses and Reigate Archdeaconry Social Justice Forum.

Full details of these meetings can be found in the separate Deanery Synod Report .

Music and Choirs

During 2023 St. Mary’s choir continued to enrich the worship at St. Mary’s, performing each Sunday morning and evening during term times and presenting music from a wide range of composers and styles throughout the year. The Epiphany, Advent and Christmas carol services demanded extra work in order to get all the music ready in time but, as usual, the choir members rose to the challenge and presented music of a very high standard.

In addition to these Sunday services the choir also sang at a number of funerals and weddings. Jeff Beck’s funeral in February gave some choir members the opportunity to (literally) rub shoulders with some of the Big Names from the world of rock and pop music.

The coronation of King Charles III in May provided inspiration for a Come and Sing event in September entitled “Happy and Glorious” . A programme of joyful anthems, accompanied by our very skilled and much valued organist, David Moore, preceded a performance of the Vivaldi “Gloria” in the second half, accompanied by a small orchestra and sung by a choir of almost 50 singers, including some from other churches and choral societies. They made a tremendous sound and were well supported by a large, enthusiastic audience.

We were pleased to welcome some organ scholars to our St. Mary’s family during the year. Mark and Freddie are being tutored by David and are gradually beginning to take a more active part in our services as their skill and confidence grows.

Heartfelt thanks are due to David and all the members of the choir who give their time and energy to produce music of such a high standard throughout the year and to Andrew for his support which is much appreciated.

Tower Bellringers

2023 was a year of continuing to rebuild the bell ringing band. Two new recruits were gained but two who joined last year decided that due to changing working conditions they could no longer continue.

Learning to handle and ring bells is a lifelong learning experience, which some find easy and others not so. This has continued to be the experience of the Beddington band during 2023.

Highlights of the year included running the Water into Wine stall at the Frost Fair; with the help of friends from the Surrey Association an attempted Quarter Peal in memory of the late Heather Cosgrove, St Mary's SPA, whose daughters were both St Mary's bell ringers; and ringing for two separate weddings, both for people involved or connected with St Mary's regular worship. The bellringers look forward to ringing for more weddings in 2024.

At the time of writing there are eight ringers to ring ten bells. Recruitment and teaching continue to be the bands main focus and we look forward to welcoming more potential ringers in 2024.

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Outreach and Communications

St Mary's Helping Hands WhatsApp Group

This group has continued to be a link to a wide number of people, both members of the congregation and the wider community. Its use has varied, offering a useful communication stream between those who use it. The site is monitored to ensure a safe environment (only people over 18 are invited to join).

St Mary's Quiz Sessions

A fortnightly quiz night on Zoom which was set up during 2020 has continued through 2023. Everyone is invited to join and the group benefits from keeping in touch and keeping up morale. All are invited to take part both from the congregation and from the wider community. The sessions are light-hearted and popular with lots of fun, encouraging our well-being. To join contact Alison Hargreaves on 07910 814447.

St Mary's Book Club

The Book Club has been very busy during 2023. It meets weekly on a Tuesday evening on Zoom. Members continue to take turns in choosing books from different genres, alternating between books concerning aspects of faith and books that have themes of inclusion and diversity. During 2023 the group read 11 books. These are displayed in the Coffee Shop area of the church for people to borrow. This is open to everyone and is an inclusive group. There is no pressure to join in discussions if people simply want to read and listen to the thoughts of others. Good fun.

Knit and Natter

Set up in September 2023, the group is an inclusive one and meets on the last Monday of the month from 10am to 12noon in the church centre. You do not have to be an experienced knitter to attend (in fact, bring along some sewing or crochet if you like). It is a social gathering which enables those attending to meet, have a coffee/tea/biscuit and chat once a month. Just come along and join the group

Quiet @St Mary’s

This service to the community continued to provide opportunities on the third Thursday of the month for people to experience the peace and beauty of St Mary's and to partake in various quiet activities located around the church including walking the St Mary's canvas Labyrinth in the Centre. Classes from Carew Academy and classes of wheelchair user students, their teachers and carers from Sherwood Park School continue to be welcomed. All seemed to enjoy their time engaging with the various activities and enjoying the services of the Tower Coffee Shop. The Quiet @ St Mary's team look forward to introducing more visitors to the Labyrinth and other Quiet activities in 2024.

Toddlers @ St Mary’s

Toddlers @ St Mary's has thrived during 2023. It has been most successful and is well attended by parents and toddlers. It is run by three volunteers and Father Andrew plays his guitar during a singing session. A story is read, rhymes are sung and complimentary refreshments provided for adults and children. More volunteers are always welcome. Contributions are made and the money used for the refreshments and updating the equipment. Contact either Alison Hargreaves (07910 814447) or Judy Page (07947 735372)

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Schools

Links with the local schools have been maintained – Carew Academy, Sherwood Park, Beddington Infants, Beddington Primary School, Wallington County Grammar School and The Link. Christmas services took place during the last week of term in 2023. There was also an Easter Service for Sherwood Park School. Children from Sherwood Park School visit during the week and some classes have used the labyrinth whilst others have learnt some life skills while visiting during the Coffee Shop. A closer link with Sherwood Park School is planned for 2024, with regular visits to the school.

Social Media

Our website www.stmarysbeddington.org.uk , St Mary's Facebook. The Tower Coffee Shop Facebook and Toddlers @ St Mary's pages were regularly updated with services, events and other relevant information. These are all valuable links in engaging with the wider community. The updated website, which is more user friendly, is ready to start up in 2024. This work is being done inhouse so will be cost free. A Twitter account is also set up.

Mission and Charitable Giving

A regular annual donation of £1,100 was made to the United Society for the Propagation of the Gospel and £100 to the Surrey Association of Bellringers. We are a Fair Trade church.

Ecumenical relationships

The church is a member of Churches Together in Beddington and Wallington (CTBW).

Thanks

As with most other churches, St Mary’s would cease to be the place it is if not for the tireless effort of all our volunteers - flower arrangers, sidespeople, servers, coffee and tea makers, helpers in children’s ministry and at diversity events, church cleaners, and volunteers running The Tower Coffee Shop. It is not possible to name you all, but be assured no matter what is offered, every bit of help is received with our most grateful thanks.

Fabric/Churchwardens’ Report

The Archdeacon's annual visitation took place on 20 April, 2023 with the Area Dean, Revd. Kevin Lewis attending. The Articles of Enquiry were submitted. All went well.

The end of year accounts show the cost of regular repairs and maintenance to the fabric and contents of the building, together with the upkeep of the churchyards, was £17,373 (2022 £12,402). In addition to this, running costs covering insurance, electricity, gas and water amounted to £24,927 (2022 £14,910).

The Quinquennial Inspection took place on 6 July, 2023. The major works on the West Tower which were highlighted in our previous Quinquennial Report having now been completed, the fabric of the building is generally in good condition considering its the age. The churchwardens have read the report, prioritised work to be done and action to be taken on major works highlighted. Minor works have been carried.

Further details of works carried out during the year can be found in the separate Churchwardens’ Report.

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Financial review

Reserves Policy

The PCC’s reserves policy, in accordance with diocesan guidelines, is to maintain a balance on free reserves of three months running costs plus an additional one month’s salary costs to cover unforeseen emergencies and smooth out fluctuations in cash flow. The Designated Funds for Building Maintenance and Organ Repairs hold reserves at £9,119 and £16,153 respectively. The replenishment of the Building Fund began in 2023 with the PCC’s agreement to an initial transfer of £5,000 from the current account, followed by monthly transfers of £250. These Designated Funds are considered both prudent and essential. The cost of routine and modest building maintenance is met from our available unrestricted funds, but we are mindful that with a building of the age and importance of St Mary’s, the likelihood of exceptional and extensive repair is ever present and forward planning is needed.

It is our policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund.

The PCC is responsible for all parish finance, its management and control, and a treasurer is usually appointed to manage this area. In the continuing lack of a treasurer, the regime initiated in 2022 of having a Finance Committee monitoring the financial position ran well and continues in place.

In preparing the financial statements the PCC, through the Finance Committee, is required to:

Total receipts on unrestricted funds were £145,062 of which £40,106 was unrestricted planned voluntary donations.

Finance Committee Report

Year ending 31 December 2023

The Financial Statements have been approved by Robert Cunningham our Independent Examiner. The following is brief summary of the accounts:-

Total funds at year end 2023 amounted to £104,108 of which £25,280 were in restricted funds. (Year end 2022 were £107,070 of which £2,788 was restricted).

Total income, compared to 2022, fell by £115,013 to £145,163, but this drop reflects in part the reduction of NLHF grant reimbursements entering our accounts prior to the near completion of structural works and the community engagement programme. A better comparison would perhaps be the total income at the year-end 2021 which was £143,843.

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Total expenditure . Although this shows a fall of £60,517 to £148,126 (2022 £208,643), this was largely due to a reduction in NHLF costs. However, this was offset by other increases in expenditure. In common with the rest of the UK, the church was significantly affected by the increase in fuel costs which rose from £6,340 in 2022 to £15,372 in 2023. Measures were put in place to reduce our power consumption as much as possible.

It is a matter of concern that our regular stewardship giving, by standing order and stewardship/Gift Aid envelopes, has shown a drop of 10% over the past 3 years, with the rate of inflation further eroding the value of the donations received. Stewardship is our major source of income on which St Mary’s is heavily dependent. Of course, in these times of continuing economic hardship, we appreciate the challenges faced in maintaining the current level of giving, and increasing giving is bound to be even more difficult. We’d like to thank everyone who contributes to the upkeep of St Mary’s, whether that be in stewardship or time.

Notes on other income

An anonymous gift of £5,000 was received.

Tax recoverable on Gift Aid was £8,704, but this only covers the six months from January to June inc.

Church hall lettings increased from £1,328 in 2022 to £5,320 in 2023.

The Tower Coffee Shop income rose to £22,853 in 2023, up from £16,194 in 2022, but the associated running costs rose to £15,887 from £5,886 in 2022 thus reducing the overall profit from £10,278 in 2022 to £6,966 in 2023. The profit level was impacted by payment of a coffee shop manager, but as previously mentioned staffing costs starting in 2024 will be covered by a NLHF grant of £22,900.

Signed ……………………………………… Date ……………………………. The Reverend Andrew Fenby Rector and PCC Chair on behalf of the Parochial Church Council

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St Mary the Virgin, Beddington End of Year Financial Statements Year ending 31 December 2023

Introduction

Accounting Policies

The principal accounting policies are summarized below. The accounting policies have been applied consistently throughout the year.

Basis of Accounting

The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities.

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subject to restrictions on their expenditure by the donor or through the terms of an appeal.

Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources Expended

Expenditure is accounted for on a Receipts and Payments basis as a liability is incurred. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. All costs are allocated on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

Fixed Assets

Consecrated property which is the church building and moveable church furnishings are excluded from the accounts by virtue of s.1 Charities Act 20 II.

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Statement of Financial Activities

Unrestricted Unrestricted Designated Restricted Endowment Total Total
Funds Funds Funds Funds 2023 2022
Income and endowments from:
Donations and legacies 102,939
0		 0 0 102,939 230,118
Income from charitable activities 14,830
0		 0 0 14,830 11,033
Other trading activities 26,532
0		 0 0 26,532 18,742
Investments (interest on deposit accounts) 37
724		 101 0 862 282
Other income 0
0		 0 0 0 0
Total income 144,338
724		 101 0 145,163 260,176
Expenditure on:
Raising funds 16,244
0		 0 0 16,244 6,045
Expenditure on charitable activities 131,882
0		 0 0 131,882 202,598
Total expenditure 148,126
0		 0 0 148,126 208,643
Gains / losses on investment assets 0
0		 0 0 0 0
Net income / (expenditure) resources (3,788)
724		 101 0 (2,962) 51,533
before transfer
Transfers
Gross transfers between funds - in 20,860
7,750		 22,900 0 51,510 0
Gross transfers between funds - out (50,650)
0		 (860) 0 (51,510) 0
Other recognised gains / losses
Gains on revaluation, fixed assets, 0
0		 0 0 0 0
charity's own use
Net movement in funds (33,378)
8,474		 22,141 0 (2,962) 51,533
Total funds brought forward 85,054
18,879		 3,139 0 107,070 55,720
Total funds carried forward 51,476
27,353		 25,280 0 104,108 107,253
Represented by:
Unrestricted
General funds current a/c Santander 29,402
0		 0 0 29,402 83,131
General funds deposit a/c CBF3 22,074 22,074
Designated
CBF4 Organ Fund 0
16,153		 0 0 16,153 15,652
CBF5 Building Fund 0
9,119		 0 0 9,119 1,147
Choir Fund Account 0
2,081		 0 0 2,081 2,680
CBF1j Curate Accommodation 0
0		 0 0 0 351
Flower Fund Account 0
0		 0 0 0 45
Restricted
CBF1k Coffee shop manager 0
0		 22,900 0 22,900 0
CBF1 Rector's Discretionary Fund 0
0		 1,242 0 1,242 1,701
CBF1a Restricted Capital Fund 0
0		 1,138 0 1,138 1,087
Total 51,476
27,353		 25,280 0 104,109

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Balance Sheet

2023
2022
29,401
83,131
22,074
1,177
25,280
3,140
16,153
15,660
9,119
1,147
0
0
2,081
2,680
0
45
Current assets
Bank current account - Santander
CCLA (CBF 3) deposit acc General
CCLA (CBF 1) deposit account
CCLA (CBF 4) Organ Fund
CCLA (CBF 5) Building Fund
Flower Fund Account
Choir Fund Account
Cash in hand
Total Current assets
Liabilities
Agency collections
Total Liabilities
Net Asset surplus(deficit)
Reserves
Excess / (deficit) to date
Starting balances
Total Reserves
Represented by funds
Unrestricted
Designated
Restricted
Endowment
Total
104,108
107,722
0
216
0
216
104,108
107,506
(2,962)
51,533
107,070
55,720
104,108
107,253
51,475
83,131
27,353
21,334
25,280
2,789
0
0
104,108
107,253

Statement of assets and liabilities

General Designated Restricted 20232022 General Designated Restricted 20232022
Cash at bank and in hand
Bank current account - Santander
CCLA (CBF 3) deposit account - General
CCLA (CBF 1) deposit account - Restricted
CCLA (CBF 4) deposit account - Organ Fund
CCLA (CBF 5) deposit account - Building Fund
Choir Account
Cash in hand
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Grand total		 29,401
0
0
29,401
83,131
22,074
0
0
22,074
1,177
0
0
25,280
25,280
3,140
0
16,153
0
16,153
15,651
0
9,119
0
9,119
1,147
0
2,081
0
2,081
2,680
0
0
0
0
45
51,475
27,353
25,280
104,108
107,714
0
0
0
0
216
0
0
0
0
216
51,475
27,353
25,280
104,108
107,498

Page | 4

Fund movement by type

CBF3 - General Funds deposit
Unrestricted
Sub-total for CBF3
General - General fund
Unrestricted
Sub-total for General
CBF1 - Rector's Disc Fund
Restricted
Sub-total for CBF1
CBF1a - Restricted Capital Fund
Restricted
Sub-total for CBF1a
CBF1j - Curate Accommodation
Designated
Sub-total for CBF1j
CBF1k – Coffee shop manager
Restricted
Sub-total for CBF1k
CBF4 – Organ Fund
Designated
Sub-total for CBF4
CBF5 - Building Fund
Designated
Sub-total for CBF5
Choir - Choir Fund Acc
Designated
Sub-total for Choir
Flower - Flower Fund Acc
Designated
Sub-total for Flower
Grand total		 Opening
2023
Incoming
Outgoing Transfers Closing
2023
1,177
37
0
20,860
22,074
1,177
37
0
20,860
22,074
83,876
144,301
148,126
(50,650)
29,401
83,876
144,301
148,126
(50,650)
29,401
1,701
50
0
(509)
1,242
1,701
50
0
(509)
1,242
1,087
51
0
0
1,138
1,087
51
0
0
1,138
351
0
0
(351)
0
351
0
0
(351)
0
0
0
0
22,900
22,900
0
0
0
22,900
22,900
15,652
501
0
0
16,153
15,652
501
0
0
16153
1,147
222
0
7,750
9,119
1,147
222
0
7,750
9,119
2,680
0
599
0
2,081
2,680
0
599
0
2,081
0
0
0
0
0
0
0
0
0
0
107,670
145,162
148,725
0
104,108

Page | 5

Analysis of income and expenditure

INCOME AND ENDOWMENTS

INCOME AND ENDOWMENTS INCOME AND ENDOWMENTS INCOME AND ENDOWMENTS
TotalTotal
Unrestricted Designated Restricted 20232022
Donations and legacies
Donations by standing order
36,152
0
0
36,152
37,052
Gift Aid - Envelopes
1,049
0
0
1,049
771
Stewardship Envelopes with Gift Aid
1,721
0
0
1,721
2,519
Stewardship Envelopes no Gift Aid
1,184
0
0
1,184
1,725
Other planned giving
0
0
0
0
235
Loose plate collections
5,658
0
0
5,658
3,531
Other giving
80
0
0
80
75
One-off Gift Aided gifts
5,657
0
0
5,657
399
One Off Gifts with no Gift Aid
2,536
0
0
2,536
15,820
Donations Lent
0
0
0
0
0
Tax recoverable on Gift Aid
8,704
0
0
8,704
12,832
Legacies
500
0
0
500
1,000
Recurring grants
0
0
0
0
0
Non-recurring one-off grants
2,694
0
0
2,694
31,076
National Lottery Grant
37,004
0
0
37,004
120,730
Other funds generated
0
0
0
0
2,354
Total
102,939
0
0
102,939
230,118
Income from charitable activities
Church Activities – sale of books etc
123
0
0
123
0
Fees for weddings and funerals
9,387
0
0
9,387
9,706
Church hall lettings
5,320
0
0
5,320
1,328
Total
14,830
0
0
14,830
11,033
Other trading activities
Tower Café
22,853
0
0
22,853
16,194
Fundraising Events - Frost Fair etc
3,680
0
0
3,680
2,548
Total
26,532
0
0
26,532
18,742
Investments
Bank and building society interest
37
724
101
862
282
Total
37
724
101
862
282
INCOME TOTAL
144,338
724
101
145,163
260,176
102,939
0
0
102,939
230,118
123
0
0
123
0
9,387
0
0
9,387
9,706
5,320
0
0
5,320
1,328
14,830
0
0
14,830
11,033
22,853
0
0
22,853
16,194
3,680
0
0
3,680
2,548
26,532
0
0
26,532
18,742
37
724
101
862
282
37
724
101
862
282
144,338
724
101
145,163
260,176
INCOME TOTAL

Page | 6

EXPENDITURE

Total Total
Unrestricted Designated Restricted 20232022
Raising funds
Costs of Frost Fair/concerts, etc
358
0
0
358
159
Cafe Costs
15,887
0
0
15,887
5,886
Total
16,244
0
0
16,244
6,045
Expenditure on charitable activities
Planned Giving to charities
1,200
0
0
1,200
1,200
Rector's Discretionary Fund
500
0
0
500
0
Children's ministry
238
0
0
238
219
Diversity
39
0
0
39
0
Secular charities – MacMillan
706
0
0
706
0
Church Activities
852
0
0
852
1,833
Parish Support Fund
41,000
0
0
41,000
41,000
Choir
720
0
0
720
1,459
Flowers
371
0
0
371
1,196
Readers
0
0
0
0
0
Organist salary and cover
10,861
0
0
10,861
10,097
Working expenses of incumbent
309
0
0
309
43
Rector's telephone
707
0
0
707
553
Southwark Statutory Fees
2,532
0
0
2,532
2,292
Education & books
0
0
0
0
36
Parish training and mission
0
0
0
0
452
Church running - insurance
8,956
0
0
8,956
8,396
Church running - Sundries
2,915
0
0
2,915
902
Office supplies, photocopier
1,005
0
0
1,005
698
Organ / piano tuning and maintenance
3,048
0
0
3,048
1,677
Church maintenance
14,933
0
0
14,933
7,972
Cleaning/products
165
0
0
165
660
Altar expenses
916
0
0
916
620
Churchyard upkeep
2,440
0
0
2,440
4,430
Licensed lay ministry deputy clergy
87
0
0
87
41
Church running - electric/gas
15,372
0
0
15,372
6,340
Church running - water
599
0
0
599
174
Sundries
870
0
0
870
864
Hall running - maintenance
0
0
0
0
70
Governance costs examination/audit fee
0
0
0
0
0
Professional Fees – architects, etc
0
0
0
0
0
Professional Fees - NHLF Work
16,879
0
0
16,879
109,373
Church major repairs - structure
0
0
0
0
0
Church major repairs - installation
0
0
0
0
0
Church interior and exterior decorating
0
0
0
0
0
Church Repair/Restoration NHLF
3,664
0
0
3,664
0
Total
131,882
0
0
131,882
202,598		 Total Total
Unrestricted Designated Restricted 20232022
Raising funds
Costs of Frost Fair/concerts, etc
358
0
0
358
159
Cafe Costs
15,887
0
0
15,887
5,886
Total
16,244
0
0
16,244
6,045
Expenditure on charitable activities
Planned Giving to charities
1,200
0
0
1,200
1,200
Rector's Discretionary Fund
500
0
0
500
0
Children's ministry
238
0
0
238
219
Diversity
39
0
0
39
0
Secular charities – MacMillan
706
0
0
706
0
Church Activities
852
0
0
852
1,833
Parish Support Fund
41,000
0
0
41,000
41,000
Choir
720
0
0
720
1,459
Flowers
371
0
0
371
1,196
Readers
0
0
0
0
0
Organist salary and cover
10,861
0
0
10,861
10,097
Working expenses of incumbent
309
0
0
309
43
Rector's telephone
707
0
0
707
553
Southwark Statutory Fees
2,532
0
0
2,532
2,292
Education & books
0
0
0
0
36
Parish training and mission
0
0
0
0
452
Church running - insurance
8,956
0
0
8,956
8,396
Church running - Sundries
2,915
0
0
2,915
902
Office supplies, photocopier
1,005
0
0
1,005
698
Organ / piano tuning and maintenance
3,048
0
0
3,048
1,677
Church maintenance
14,933
0
0
14,933
7,972
Cleaning/products
165
0
0
165
660
Altar expenses
916
0
0
916
620
Churchyard upkeep
2,440
0
0
2,440
4,430
Licensed lay ministry deputy clergy
87
0
0
87
41
Church running - electric/gas
15,372
0
0
15,372
6,340
Church running - water
599
0
0
599
174
Sundries
870
0
0
870
864
Hall running - maintenance
0
0
0
0
70
Governance costs examination/audit fee
0
0
0
0
0
Professional Fees – architects, etc
0
0
0
0
0
Professional Fees - NHLF Work
16,879
0
0
16,879
109,373
Church major repairs - structure
0
0
0
0
0
Church major repairs - installation
0
0
0
0
0
Church interior and exterior decorating
0
0
0
0
0
Church Repair/Restoration NHLF
3,664
0
0
3,664
0
Total
131,882
0
0
131,882
202,598		 Total Total
Unrestricted Designated Restricted 20232022
358
0
0
358
159
15,887
0
0
15,887
5,886
131,882
0
0
131,882
202,598
EXPENDITURE TOTAL 148,126
0
0
148,126
208,643
GRAND TOTAL (3,788)
724
101
(2,962)
51,533

Page | 7

Notes:

Page 5 Transfer of funds:

The PCC agreed that the designated Building Fund should start to be restored to its prestructural repair level by an initial transfer of £5,000 from the current account, followed by monthly transfers of £250.00.

With healthier levels of interest being paid, we transferred £20,000 from our non-interestbearing Santander current account to our CCLA unrestricted deposit account.

Page 6 Income:

The bottom line of Total Income at £144,302 shows a rather dramatic decrease over the 2022 figure of £260,176, but this reduction reflects the drop in National Lottery Heritage Fund grant monies made to us in 2023 (from £120,729 to £37,004), as the structural and community engagement work they were funding had been almost completed.

Of the final £37,004 reimbursed by the NLHF in 2023, we have been very fortunate in that they agreed an underspend of £22,900 from the original grant monies could be reallocated to fund the employment of a Tower Café manager in 2024. The £22,900 has been transferred to our CCLA restricted account CBF1 and can only be used to cover payments made to the manager(s).

It is encouraging to see that setting aside the NLHF monies which have coloured our accounts somewhat over the past couple of years, what can be termed our ‘regular’ income has increased from £91,552 in 2022 to £101,568 in 2023. Looking through the list of income:

Page 7 Expenditure:

Unfortunately, just as our income has increased, so has our expenditure - from £99,270 in 2022 to £131,250 in 2023. Major increases include:

Please note that occasional small differences of £1 or so may occur from time to time in the accounts. This is to do with rounding errors and does not materially affect the accounts.

Page | 8