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2024-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St. Simon, Hammersmith

Report and Accounts Year ended 31st December 2024

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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2024

ADDRESS FOR CORRESPONDENCE ADDRESS FOR CORRESPONDENCE St. Simon's Church
Rockley Road
London W14 0DA
GOVERNING DOCUMENTS PCC Powers Measure 1956 and
the Church Representation Rules 2011
CHARITY REGISTRATION NUMBER 1131415
MEMBERS OF THE PCC Ex Officio members:
The Reverend Cameron Collington (incumbent)
The Reverend Madeleine Miller (curate)
Ms Caroline Klein (church warden)
Mr Daniel Prior (church warden)
Elected members
Funlayo Akeredolu
Jonathan Browning (treasurer)
Jason Tomlinson
Maureen Gillespie
Deanery Synod Members
Andrew Bulley
Sally Richardson
KEY MANAGEMENT Samantha Dowden (PCC Executive Officer/Church Manager)
BANKERS HSBC Plc
INDEPENDENT EXAMINER Lisa Darby FCA
Stewardship
1 Lamb's Passage
LONDON
EC1Y 8AB
INDEX
Page 1 Legal & Administrative Details
Pages 2 - 4 Trustees' Report
Page 5 Independent Examiner's Report
Page 6 Receipts and Payments Account
Page 7 Statement of Assets & Liabilities
Pages 8 - 9 Notes to the Accounts

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH REPORT OF THE PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2024

The PCC has pleasure in submitting the Report and Accounts for the year ended 31 December 2024.

Objectives of the charity

The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical.

Summary of the charity's main activities and achievements

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

We continue to build our Jesus-centred community in Shepherds Bush hosting Sunday services, seeking to deepen the faith of the congregation and meet those outside the four walls of the building.

In addition to the Sunday services, we have a network of home groups and praise and prayer meetings for adults. The prayer summit now takes place monthly.

We run children’s groups which address the needs of children and youth aged 2-18. All of this activity is designed to help the people of our church to go further with God.

We are aware of the needs of the wider community in our area and look to address these in a number of ways. We work with a number of organisations and have provided practical help with their outreach. Some members of the church typically volunteer with these groups. We host Food Bank at the church twice a week.

The church runs a Boxing Club bi-weekly. These activities are aimed at different elements of our local community, take place at the church and are run by church members.

In line with the biblical principle of tithing it has long been the policy of the PCC to commit 10% of our income from giving to mission partners. We allocate to Christian charities, in line with our charitable aims. In deciding which groups to partner with we look closely at their activities, aims and leadership. We particularly focus on groups who are working in the developing world, although we also support organisations closer to home, such as Glassdoor.

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

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

Page 2

Financial review

During the year income decreased by £27,682, to £192,243, and expenditure increased by £3,673, to £207,373. As a result the cash held by the charity decreased by £15,130, to £94,033, all of which is unrestricted and can be used for any charitable purpose.

We didn't hold a Gift Day during the year, but remain reliant on a combination of regular giving and oneoff donations. The giving from the church – even with rising costs of living — reflected the generosity of the congregation in uncertain economic times.

The PCC has been aware of the gap between average monthly income and expenditure for some time. In order to address this, the committee approved a lettings policy. In 2024, our donations were supplemented by significant rental gains.

Our major expenditure continues to be our monthly giving to the Common Fund, where we have for now continued to pay the full contribution that the London diocese asks of us. It is important to remember that as well as supporting the wider activities of the Church of England, we receive other benefits from this contribution. The Common Fund request was increased in 2024.

This year our expenditure has also increased as we look to upgrade our church building and ensure that it is a safe and welcoming place for all. We are running an ongoing program of upgrades and repairs. This year, a full Quinquennial review was also conducted, which outlined a number of short term maintenance and repair priorities.

In terms of financial controls we brought bookkeeping and gift aid in house. This is done by the Church Administrator with the result of a great cost saving and more visibility. We are very grateful to Samantha Dowden for her work in these areas as well as overseeing the lettings.

The PCC seeks to maintain a sufficient level of reserves to support the day to day operations of St. Simon’s and to meet such contingencies as might be reasonably foreseen. Unrestricted reserves of £94,033 were held at the year end (2023: £109,163). We are very mindful of the impact of inflation on our congregation’s livelihoods and what that means for regular giving.

For 2025, no material uncertainties that may cast significant doubt about the ability of the Charity to continue as a going concern have been identified by the Trustees.

Page 3

Governance

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

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

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC which meets regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The PCC reviews the charity's activities regularly to identify significant risks and, where possible, it takes appropriate measures to mitigate those risks.

Other matters

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

The Diocese assessed the PCC’s Parish Share to be £91,300 for the year to 31 December 2024; having reviewed the PCC’s finances, the members of the PCC decided to meet this contribution. In September 2024 we agreed to increase the PCC's Parish share to £99,980 from January 2025.

Responsibilities of trustees

Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

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

Cameron Collington

Cameron Collington (Mar 27, 2025 15:39 GMT)

_________ The Reverend Cameron Collington

Mar 27, 2025 Date: ____

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH

I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St. Simon, Hammersmith ('the charity') for the year ended 31 December 2024 on pages 6 to 9 following.

Responsibilities and basis of report

As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

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

Lisa Darby

Lisa Darby (Mar 31, 2025 15:13 GMT+1)

Lisa Darby FCA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Mar 31, 2025

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Funds
General Designated Restricted
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Income receipts
Voluntary receipts 2(a) 137,135 - - 137,135 166,837
Church activities 2(b) 52,708 - - 52,708 50,688
Other Income 2,400 - - 2,400 2,400
Total receipts 192,243 - - 192,243 219,925
Payments
Diocesan Fund contribution 91,300 - - 91,300 87,775
Church Activities 3 87,312 - - 87,312 98,776
Mission giving and donations 4 19,600 - - 19,600 17,150
Purchase of fixed assets 9,161 - - 9,161 -
Total payments 207,373 -
- 207,373 203,700
Net of receipts / (payments) (15,130) - - (15,130) 16,225
before transfers
Transfers between funds - - - -
-
Net movement in funds (15,130) - - (15,130) 16,225
Cash funds as at last year end 109,163 - - 109,163 92,938
Cash funds at this year end A 94,033 - - 94,033 109,163

The notes on pages 8 - 9 form part of these accounts.

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

A Cash funds
Cash at bank with immediate access
Cash held
B
Other monetary assets
Gift aid due to charity
Other debtors
C
Liabilities
Falling due within one year
Fees due to London Diocese Fund
Deposits held
Other Creditors
Taxes due
Fee for Independent Examination
Total
Assets retained for charity's own use
Computers and IT
Office Equipment
AV Equipment
General
Designated
funds
funds
£
£
93,694
-
340
-
94,033
-
7,656
-
70
-

7,726
-
1,301
-

100
-

2,302
-

6
-
1,670
-

5,379
-
Unrestricted Funds
Restricted
funds
£
-
-
-
-
-
-
-

-
-
-
-
-
which asset
belongs
2024
£
93,694
340
94,033

7,656
70
7,726
1,301
100
2,302
6
1,670
5,379
Cost
£
550
4,000
9,161
13,710
2023
£
108,566
596
109,163
18,330
1,820
20,150
757
500
6,601

126
1,386
9,370

Consecrated property, beneficed property and moveable church furnishings which require a special faculty for disposal are excluded from the above list of charity assets.

The accounts were approved by the trustees and signed on their behalf by:

Cameron Collington Cameron Collington (Mar 27, 2025 15:39 GMT) _____The Reverend Cameron Collington Date: __ Mar 27, 2025

The notes on pages 8 - 9 form part of these accounts.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

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

2
a)
Voluntary income
Planned giving and other donations
Collections at services
Gift aid recovered
b)
Church activities
Fees for weddings and
Lettings for community use
3
Church Activities
Building costs (including utilities & cleaning)
Staffing costs
Insurance
Church services & events
Office Support costs
Independent Examination Fee
Unrestricted Funds
General
Designated
funds
funds
£
£
101,295
-
6,754
-
29,087
-

137,135
-
990
-
51,718
-
52,708
-
Unrestricted Funds
General
Designated
funds
funds
£
£
50,124
-
21,523
-

3,589
-
3,894
-

6,796
-

1,386
-

87,312
-
Restricted
Funds
£
-
-
-

-

-

-
-
Restricted
Funds
£
-
-
-
-
-
-
-
Total
2024
£
101,295
6,754
29,087

137,135
990
51,718
52,708
Total
2024
£
50,124
21,523
3,589
3,894
6,796
1,386
87,312
Total
2023
£
137,067
9,087

20,683
166,837
263
50,425
50,688
Total
2023
£
61,354

20,599

4,831

3,637

6,943
1,410
98,776

The Reverend Cameron Collington and The Reverend Madeleine Miller (who are clergy members of the PCC) receive stipends from the Diocese; the cost of these stipends is not included in the above payroll cost however it should be noted that some of the Diocesan Fund contribution is used to help pay the stipends. In the course of their duties they incurred expenses which were reimbursed and did not contain any profit element.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. SIMON, HAMMERSMITH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4
Mission giving and donations
Charitable Organisations
Mission and poverty relief in the UK and
overseas
19,600
19,600
-
-
-
-
19,600
19,600
17,150
17,150

5 Transactions with related parties

There were no further transactions with Trustees or other related parties during the year (2023: None)

6 Movement of funds

Unrestricted General funds
Total funds
Opening
balance
£
109,163
109,163
Receipts
£
192,243
192,243
Payments
£
(207,373)
(207,373)
Transfers
£
-
-
Closing
balance
£
94,033
94,033

There were no Restricted Funds held during the year (2023: None)

Page 9