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2021-12-31-accounts

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XXXXXXXXXXXXXXXXXXXX Annual God is our refuge and strength,Reportan ever-present help in The context for the psalmist 2021 was trouble. mountains falling and nations in uproar. For us in 2021, we began and ended the year in lockdowns, we continued to reckon with the reality of racial injustice

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CONTENTS

CONTENTS
Services 4
Worship 6
Prayer 7
Discipleship & Connection 8
Outreach 9
Seasonal Highlights 10
Children 12
Youth 13
MOLO 14
Christians Against Poverty 15
All Saints All Around the World 16
Our Partners 17
Our Buildings & Site Development 18
Listening for A Change 19
Governance 20
Accounts
Finance Summary 22
Charity Information 24
Trustees Report 25
Independent Examinerʼs Report 28
Statement of Financial Activities 29
Balance Sheet 30
Statement of Cash Flows 31
Notes to the Accounts 32
Detailed Statement of Financial Activities with Comparatives 48

INTRODUCTION

God is our refuge and strength, an ever-present help in trouble.

The context for the psalmist was mountains falling and nations in uproar. For us in 2021, we began and ended the year in lockdowns, we continued to reckon with the reality of racial injustice and our call to respond as the body of Christ and we recognised the pain and loss of the past year.

In great and in small ways, amidst the challenges of the ever-shifting context, we leaned into Godʼs promises and found Him faithful. When we were able to begin gathering in person, we thanked God for a carpark (!) where we could worship in song outside (as well as bounce on a bouncy castle, share coffee, and stand around fire pits). When we moved back into the building, we thanked God for one another, learned to share smiles and peace with masks, and gave thanks that technology enabled us to continue to include those unable to be with us in person. Some of us moved into new areas of serving – with children and young people, (covid-secure!) welcome, and more – and found God faithfully equipping us when we offered empty hands. We said goodbye to some faithful servants and friends –and thanked God for his family when new friends came to join us.

In the autumn, following the hard work of the Diversity Task Force, as a church we received the report from our Listening for a Change process, seeking to understand better how we can more faithfully respond to the prophetic vision of Revelation 7.9 here in Peckham in 2022, where every nation tribe and tongue gather and worship around the throne of Jesus.

The psalmist concludes “The Lord Almighty is with us; the God of Jacob is our fortress”. Here is the hope in which we look ahead to the changes ahead. Though we may falter, God never fails us. We are all united in this hope, transformed from sinners to saints by his power, and we hold out this promise to Peckham

Rev. Jenny Dawkins

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SERVICES

2021 was a year of more pivoting as we waded through a lot of challenges to stay worshipping with one another. Overcoming this challenge was only possible because of a bunch of faithful people making up some key teams!

Weʼre so grateful for all these people and more who enabled our services to be life giving moments in a hard season. One particularly memorable moment was our Easter Sunday evening service when we were able to gather outdoors and sing together for the first time in several months - hearing other voices once more in worship was wonderful.

Spring 2021 saw the launch of The 6 - a newly relaunched Sunday evening service. Over the months we saw some great engagement with our young people, and at times, quite special, unguarded space to lean in in an open and humble fashion. Weʼre praying for this space, for its future identity as we move forward.

And weʼre praying for our services generally, for gifts to be raised up and nurtured in prayer - both intercession and prayer ministry; and in preaching/ teaching - so we continue to explore more of God's word to us in different ways, styles, and approaches.

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WORSHIP

2021 saw us move from having the majority of our worshippers joining in from home online to the majority being back in the building. But with the added challenge of keeping those who needed to be at home engaged and included in our service. On a practical note, we got a second broadband line meaning our live streams are now far more stable (and Jonathanʼs stress levels are much lower!) and invested in equipment to make the broadcasting of services straightforward and good quality. Weʼve also managed to upgrade our speakers in the building.

In a complicated year there is much to give thanks for:

Moving forwards, we pray that our passion would be stirred and new depths of worship would be expressed. May the worship team (current and new) be at the head of the army fighting in song to defeat darkness and display God's light to the world. Jonathan is also looking forward to hearing more from our church about what music has been helping them worship God and how that might help us grow as a family together.

PRAYER

Last year saw the launch of our Prayer Nights with weekly Thursday prayer through the summer and monthly 3rd Thursdays as an established pattern in the autumn term. These nights have explored different formats but essentially been an open space to pray into whatever God has placed on our hearts and the needs of our community and our world.

We tried something new for our church in August with weekly sessions of ʻsilent prayerʼ where we centred around a small portion of scripture and spent time in silence with the Lord, hearing His voice and allowing Him to guide our thoughts. We brought this back during the busy season of Advent as we ʻlet every heart prepare Him roomʼ.

Some memorable moments of prayer in 2021 include when we called our church family to weekly ʻteatime prayerʼ as we were in specific need of a childrenʼs and familiesʼ pastor. Mel and all she brought to our church was an answer to this season of prayer. Also, we had a committed group of prayerful people covering our Alpha course back at the beginning of 2021 and saw some really specific answers to prayer throughout this journey together.

Our prayer for 2022 and beyond is for prayer to be 'kneaded through' our whole life as All Saints. We want to see the levels of faith and expectancy raised in all of our prayer times and spaces and for these to set the ʻtemperatureʼ of our whole church body. We hope that the Thursday rhythm increasingly becomes a ʻtrellisʼ for our church upon which to grow and that different modes and expressions of prayer would rise up to fill out this rhythm.

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DISCIPLESHIP & CONNECTION

Weʼre really thankful for the protection over our small groups throughout the pandemic when meeting together has been different and often difficult. We praise God that a sense of community has remained.

During 2021 Meg stepped into a new role as our Discipleship Ministry Worker. Sheʼs created a digital form as an entry point for the congregation to connect with the home groups that we have. This has led to several newcomers finding community and spaces to belong.

As we look ahead, we are praying for more belonging, believing, and becoming and that home groups would be a vehicle to this! We want to expect people to have specific places to belong outside of Sunday services and that the congregation feels empowered to know how to connect others in.

This time next year we hope there will have been a need for at least one new homegroup as more people look to join up and that we would be raising up and releasing current group members to take on leadership roles. Thank you to all our home group leaders faithfully serving week by week providing these community spaces.

Scan this QR code or follow this link to find out more about joining a small group at All Saints!

https://allsaintspeckham.churchsuite.com/forms/sf3dvvu9

OUTREACH

The past year has been challenging for outreach as the restrictions of the pandemic and challenges on our resources made it hard to reach out. But we were also presented with opportunities never thought possible as we beamed church services into peopleʼs homes and lives Sunday by Sunday. Having our key services online at Easter and Christmas meant our invitation was wide and those are some of the most watched services we have broadcast.

Filming our services has also given us clips and content to share on our social media pages so we can show the hundreds of people ʻfollowingʼ us what goes on at a church service and share scripture, talks, worship and prayers in a way we havenʼt been able to before.

In January we took our apologetics conversations online in a series called Pints of View. Based on the idea that you might ask a question in the pub that you wouldnʼt ask in church, we broadcast on several Sunday evenings with different themes, guests and questions shared in the chat. These regularly attracted live viewers who wouldnʼt normally come along to church and were viewed many times in the days following too.

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SEASONAL HIGHLIGHTS

In Easter 2021 a number of restrictions were being lifted but we still were not able to gather as we usually would at Easter. Our youth team rose to the challenge of writing a creative ʻpassion trailʼ around Peckham Rye Park and Common where families and individuals could dwell on significant moments of the Easter story while engaging with the nature around. This ended at church with a reflective space for prayer and a wooden cross scene to add stones to.

On the evening of Good Friday our creative team put together a beautiful film with readings, prayers and music. We were able to tune in together from our homes remembering this significant moment in history together. By Easter Sunday evening we were able to gather socially distanced in the church car park and sing out praise to our risen King!

This Christmas our plans had to be adjusted as rising COVID cases meant the return of restrictions on gathering and a need for caution. We were able to get our Family Nativity Experience in before the restrictions were in place when around 50 families (many not previously known to us) ʻfollowed the starʼ around our site. They met the donkeys, joined in some games, crafts and quizzes and then found the manger where we sang carols together with hot chocolate and mulled wine.

Our Christingle and Carol services had to be taken online but this opened them up to new people as friends were invited along and links were shared. The message of Love Came Down went out into Peckham and beyond as we marked this special season once again.

Other seasonal highlights included a fun Summer Sundays programme with different family activities each week and a church family picnic at the end, the return of the annual Light Party, and special times of prayer around Lent and Advent. Weʼre grateful for all the ways God met with us in these special moments of celebration and in contemplation throughout the year.

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CHILDREN

During 2021 we said goodbye to Abie Everett who had been with us for several years as Childrenʼs Pastor, and we welcomed (after a prayerful gap), Mel Hamilton as our new Childrenʼs and Families Pastor. Throughout the year we have been able to host some really great events - both online and in person - for children and families. From our online pancake 'bake off' and Good Friday prayer trail, to the Light Party and Nativity, we've loved being able to engage our under 12s in creative ways, as we seek to encourage them on an exciting journey of faith.

Joy 412 (our midweek discipleship group for Years 5-6) has continued to go from strength to strength, having continued to meet online all the way through the pandemic. The group serves as our children's introduction to midweek discipleship with their mates, establishing this as a priority early on in life so that their faith roots are strong through their teens and into adulthood. It's been exciting to welcome the new Year 5s into the group, as we send the Year 7s up into TAGG (Year 7-9 group).

We are so thankful for the wonderful members of the church who stepped up to become volunteers on our children's team in 2021 and those who enabled us to run Children's Church during our first in real life services back in June - they genuinely would not have happened without them. A massive thank you belongs to Becky Addae, who did an incredible job of planning brilliantly creative sessions for our 4-12 year olds during this time, and we are so grateful for her passion for this ministry.

As we look ahead, we would love the church to be praying for our children to have a real hunger for knowing Jesus and having a deep friendship with Him. We want to build a stronger connection with the children in our local community so please be praying for more opportunities to form relationships, which draw people to our church family. We can't stop thanking our volunteer leaders! They truly are a blessing! We still need more, in particular for Joy 412 and for some of our Sunday morning groups. Let us know if you can help.

YOUTH

Ruth writes: We are so thankful that the number of young people actively engaged in discipleship at All Saints has been steadily growing! We have loved seeing how much our young people enjoy getting stuck into exploring the bible with each other, and chatting about how we grow in our walk with Jesus, both on a Sunday and in TAGG and The Living Room. Young people are choosing challenging books of the bible to study, and giving amazing words and pictures during times of prayer with each other. God is growing incredible fruit through these groups, and we love to see it!

Prayer isn't only happening within the four walls of the church! During Limitless Festival 2021, which we hosted at church over two days in August, we took to the streets to give out cards with messages of encouragement, specific words for people, and to pray for individuals. We had some particularly special moments praying for the ladies who run the hair salons on Blenheim Grove, whose businesses had been closed during lockdown. They were so blessed to know that young people from the church were willing to show them such love.

While 2021 was another challenging year, we have been so blessed by the commitment of our volunteer leaders who enable us to run Sunday and midweek discipleship groups. They have been patient and steadfast through uncertain times, and have invested energy and creativity into our sessions, both online and in person. We are so thankful for this wonderful team!

One of the things affected by the pandemic was our planned structure for regular youth socials. We believe that strong friendships are key for deeper discipleship, and we'd love for 2022 to be full of opportunities for our young people and leaders to have fun together.

Our desire is to see young people thriving as vital parts of the church body using their gifts and being a blessing to those around them. We have been encouraging this at The 6, where youth and young adults can strengthen, encourage and worship together. Please pray for expectant hearts and confidence to lean in and get involved during these services.

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MOLO

We were delighted this year to get back to In Real Life MOLO (Mums of Little Ones) meetings! These began in the spring, with MOLO newbies (under 1s support group) meeting bi-weekly in the church garden and then some MOLO playdates (for parents and carers of children under 5) happening on Peckham Rye in the summer. In the autumn, the playdates returned to meeting once a month in the church hall on Fridays and the newbies group continues to meet bi-weekly in a home.

We were thrilled in November to run a family fun day together with Who Let the Dads Out, which saw over 70 children and parents enjoying an afternoon of reconnecting with each other, crafts, games, snacks and an enormous bouncy castle! This was a very special afternoon and it was a joy to see everyone having lots of fun, enjoying fellowship with old friends and making new ones.

In the summer we said goodbye to two long term faithful MOLO leaders, Emma Flower and Niki Clarke. We're incredibly grateful for all they did for this group, especially helping to keep things going online during lockdown. We're also sadly about to say goodbye to Crystal Whitcroft, leaving the MOLO team now consisting of Alice Joensen, Susannah Hardyman and Jane Lindsay. MOLO is currently entirely run by volunteers and we would really welcome hearing from anyone that would like to support this ministry. molo@allsaintsdpeckham.org.uk

CHRISTIANS AGAINST POVERTY

Racheal & Winnie write: Highlights of 2021 include our 2 successful job clubs, one online and one in real life. Weʼre grateful for testimonies of increased confidence and enthusiasm in the search for employment for our participants. Also, a CAP client event was jointly run with 2 other nearby CAP centres where we saw clients commit their lives to Jesus.

During the year we transitioned from over the phone CAP visits to seeing clients face to face. Incredibly, 6 CAP families went debt free in 2021! We praise God for this work! One client who had been fighting a money losing addiction before coming to CAP testifies that as they worked with CAP, they dropped the habit so that their finances could be put to the rightful use.

Increased involvement of the All Saints church family with CAP families through the Connect team has led to fruitful relationships. The Christmas hampers that were filled and delivered to CAP friends by members of the church with some clients saying they were special, thoughtful and made them cry.

Weʼre grateful for ACTS435, a charity that has donated money towards most of the clients going through the insolvency process. As a CAP centre we have a good waiting list which means that people are aware of the help available for their debts and also that we have good relationships with our referral agencies.

Looking ahead weʼre praying for a new Job Club Manager to be trained by CAP so that we can resume running the job clubs. Our centre manager will be going on maternity leave in May 2022 so pray for coverage and for no clients to fall through the gaps. One key volunteer is supporting the team in an administrative capacity and this will be a huge blessing in 2022. Another volunteer has offered to train as a CAP money coach so please pray as we plan to relaunch the CAP money courses at All Saints.

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ALL SAINTS ALL AROUND THE WORLD

We continued our practice of tithing our income and supporting our mission partners in all the various circumstances and mission fields they found themselves in. Here is a list of our partners:

Hopkins family in South Africa

Schmidt family in Germany

Trevett family in Armenia

Great Lakes Outreach, specifically Ephraim

Aaron and Rachel Shah- Worship on the Streets

Jeggos family in Japan

Martin family with YWAM in Hawaii

Abigail Virgo with London City Mission

Giraffe Mobile Library in Ghana

Compassion

Paz Y Esperanza in South America

Power the Fight in London

XLP in London

Pecan in London

Through the Roof in the UK

Our newest mission partner is Starfish Foundation in Uganda and we were glad to welcome them to All Saints recently to tell us more about their work. During 2021 Ruth Chapell moved back to Peckham from Lebanon and we were able to welcome her and her husband Bankin Ousso into our local church community again.

Weʼre grateful to the members of the External Giving Committee who oversee our support for our Mission Partners and for all those church members who help us stay in touch. The committee would love to find ways to help our mission partners feel more part of the family of All Saints and to connect with one another too so watch out for more information.

OUR PARTNERS

Weʼve continued our partnerships with some key organisations doing great work here in Peckham

Peckham Citizens: Weʼre one of 25 members of Peckham Citizens whoʼve had another committed year organising on issues affecting Peckham such as youth safety, affordable housing, mental health and anti-racism.

Womenʼs Hub: The Pecan Women's Service continue to be available to local women on Tuesdays and Thursdays and in 2021 the team served up to 200 local women residing in Southwark and Lewisham. All the clients benefitted from monthly wellbeing packs which started as a response to the pandemic back in 2020. Clients give feedback that they feel safe and valued at the hub.

Foodcycle: On Wednesdays and Saturdays, Peckham Foodcycle coordinates the transformation of donated surplus food into nutritious delicious meals served to the community in our hall. From January to July, they were operating a click and collect service and gave out 4438 boxes of food (1 box per course, so 3 boxes per meal). From July to December when they were able to serve meals indoors again a total of 984 meals were served. Across the year the total surplus food saved was 8200kg.

In 2021 we welcomed a new regular hall hire from the charity Migrateful, who host cookery classes led by migrant chefs, empowering and celebrating them on their journey to employment and independence. We also enjoyed hosting several creative teams needing a space to film, most notably the production team of I Used to be Famous, due on Netflix later this year so watch out for the scenes filmed at All Saints!

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OUR BUILDING & SITE

Some of the quieter moments on site in 2021 gave us opportunities to make key improvements. The two main areas of work were finishing the fence on the front wall with the addition of a new gate giving increased access to our front garden and the external lighting increasing the security and safety of our site. Front line mission canʼt happen without good foundations and all of the hidden jobs like work on the drains and clearing the gutters keep the site in great shape.

Weʼre thankful for all the amazing work the volunteer team has put in supporting Jim over the past year to make our site look brilliant. As always, we need more cleaners, gardeners and helpers! Watch out for our regular Saturday gardening and cleaning mornings. Weʼre praying for wisdom as to how we maintain the site well with the potential of development on the horizon.

LISTENING FOR A CHANGE

2021 saw us as a congregation engage in series of conversations in groups of various sizes, supported by our external facilitator, Rev Kate Coleman. Our desire was to hear voices and stories that might have been less heard in our church life before now and more fully recognise and respond to the sin of racism. Our hope was to lean into the Revelation 7.9 vision of every nation, tribe, people and language standing and worshipping before the throne and before the lamb, expressing and experiencing this with increasing measure as a church today.

Coming from these conversations, and stewarded by the Diversity Task Force, in the autumn we received a report with recommendations from Rev Kate. We held a number of workshops to respond to these, the PCC agreed a short term action plan, and the Racial Diversity and Belonging PCC subgroup was established to ensure we keep moving forward together.

This has been a challenging process for us as a church, but we are committed to continuing to engage in God's agenda to address the sin of racism and find reconciliation and our new family identity in Jesus.

Site Development In 2021 we achieved two key milestones in regards to the future development of our site. Firstly, we reached the pre-application stage of the development, with several feedback sessions and subsequent refinement to the designs. Secondly, in light of the interregnum, we decided to pause the development until the new incumbent is appointed and the vision for what the buildings need to do moving forward is clearer.

We say a huge thank you to all those who have given time, prayer or money to the project since its incubation. The site development will remain a key part of the vision of All Saints and none of the work so far has been wasted, instead building a foundation for all the future development.

In 2022 we will mark 150 years since construction was completed on the main church building and the buildings have served us so well. Itʼs our prayer that we would know how to best make our site fit for purpose to serve Peckham for the next 150 years too!

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GOVERNANCE

During 2021, Andy Clarke stepped down as Churchwarden and Liz Fothergill was elected to the role joining Raphael Pedro.

The number of elected laity on PCC decreased from 13 to 9 at the 2021 APCM, as previously agreed. Emma Lidbury, Rob Peel, Florence Waterer and Brian Craig retired or stepped down at that point. There were no new members but Damien Dacey, Jane Fryer, Gareth Hepworth and Eleanor Orr had come to the end of their terms and were re-elected with no other candidates standing.

During 2021 the PCC received the Listening for a Change report from the Diversity Taskforce. This led to the approval of the short term action plan and the formation of the Racial Diversity and Belonging subgroup. Some other areas of governance this year included:

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- ACCOUNTS FINANCE SUMMARY

In 2021 total income was £549,399 and expenditure £639,632. This compares with total income for 2020 of £581,495 and total expenditure £607,143. The total funds held on 31st December 2021 amounted to £520,568 compared to £610,801 in 2020. Of these funds £464,236 was unrestricted compared to £541,200 in 2020.

The year under review was one of the most challenging that All Saints has faced in a considerable number of years. The Covid-19 pandemic and the shift to holding church online have considerably reduced our income. This appears to be driven by a short-term acceleration of the normal flow out of people from our community but a slower than usual replacement probably because access to the church was primarily online. We are seeing a slow return to people having the confidence to participate in in-person worship and a resultant slower than expected increase in income to former levels.

This change is reflected in the donated income falling from £537,041 in 2020 to £464,041 in 2021. Hire of our physical spaces to local groups increased from £11,874 in 2020 to £30,840 in 2021, but this was not enough to cover the shortfall in donated income. Whilst our costs were kept in line with budget through careful management, we chose to largely maintain our planned activities and draw on our reserves to cover the shortfall in the short term.

There needs to be considerable wisdom moving forwards. Our reserves are only slightly above the minimum levels required by our reserves policy. The PCC has agreed to run no less than a balanced budget in 2022 and to target a modest surplus in 2023 to replenish the reserves to the required level. This may involve challenging decisions needing to be made.

place and able to support this project.

The church plant is also paused. The church has the vision to plant as a way of increasing the reach of the church and expanding our Christian community but at the moment this activity is also waiting whilst we recruit a new incumbent.

Reserves Policy

Our reserves policy is to hold reserves for the purpose of protecting the work of the church in the short term in the case that funding targets are not met.

All Saints has set a policy for free reserves of holding 10% of planned unrestricted total expenditure and for 2022 this is £51,026. This is to ensure there are enough free reserves to meet running costs in the event of funding falling below anticipated levels.

Total Funds at 31 December 2021 totalled £520,568 (2020 £610,801), of which £85,709 is shown as being unrestricted with no designated use (2020 £125,243). The 2021 figures include fixed assets of £33,136 which cannot be readily converted into cash. There is therefore a balance of £52,573 (2020 £103,912) of unrestricted free reserves held by the charity, which is complying with the reserves policy. However, our free cash in hand at the end of 2021 was lower than this level and the PCC has agreed a budget for 2022 and provisional budget for 2023 to rectify this.

The reserves policy is reviewed periodically, when specific factors affecting the level of required reserves are looked at.

In October 2021 Rev Jonathan Mortimer gave notice of his intention to move on from All Saints Peckham in Jan 2022. Whilst this has limited impact on the period under review it is another factor that may need to be addressed carefully when planning for 2022.

The site development project is now paused. We have received preapplication planning advice from Southwark Council which was positive about the proposals submitted with the exception of the building proposed for the North East corner of the site. We are working with our Architect to develop revised plans for this small part of the plans. Once these are completed we will pause this part of church life until a new incumbent is in

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- ACCOUNTS CHARITY INFO

For the year ended 31 December 2021

Members of the Parochial Church Council: Rev Jonathan Mortimer (resigned 1 Jan 2022) Raphael Olumuyiwa Pedro (Church Warden) Elizabeth Fothergill (appointed 12 May 2021) (Church Warden) Olivia Brambill Dr June Shia Lin Brown PhD Andrew Clarke (resigned 12 May 2021) Brian Craig (resigned 12 May 2021) Damien Dacey (Treasurer) Naomi Davis Rev Jenny Dawkins (Associate Vicar) Dr Jane Fryer Gareth Hepworth (resigned 31 March 2022) Emma Lidbury (resigned 12 May 2021) Eleanor Orr (Co-Treasurer) Roger Orr Robert Peel (resigned 12 May 2021) Dr Lucy Sawyer Eian Stedford Rachel Trimble (Secretary) Florence Waterer (resigned 12 May 2021)

Other members of key management

Tom Hardyman (resigned 1 Feb 2022)

Charity Registration Number

1131846

Principal Address

Blenheim Grove London, SE15 4QS

Independent Examiner

Lisa Darby ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC Bank Peckham Branch

- ACCOUNTS TRUSTEES REPORT

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2021

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

Objects 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 objects and vision, the charity's main activities and achievements were as evidenced in the Annual Report pages 3 - 20. It is worth noting that most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts. In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

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.

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 organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC who meet 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, within the parameters of the operational strategy set out by the PCC.

In 2021, this management team has been formed by the following roles;

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- ACCOUNTS TRUSTEES REPORT

Incumbent, Associate Vicar, 0-25s Director, Worship Director and Operations Director. This team regularly reports back to PCC about the decision made and direction to be undertaken in future decisions.

New trustees are provided with a handbook explaining the responsibilities and detail of how to be a good trustee, they are also partnered with an existing trustee to support them as they integrate. All trustees are additionally DBS checked and safeguarding trained using the Church of England course.

Pay for senior management (excluding Clergy) is set through a process of external bench-marking and is agreed by the HR sub committee of the PCC.

Financial review

Please see the financial summary on pages 22 to 23.

Reserves policy Please see the financial summary on pages 22 to 23.

Key risks and uncertainties

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

Other matters

With regard to the PCCʼs 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 last quinquennial inspection was held in 2018; no significant immediate work is required.

financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent; 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  4. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the PCC and signed on their behalf by: 5/16/2022 Name:(Rev_____Jenny Dawkins) Date: _______

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each

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INDEPENDENT EXAMINER’S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ALL SAINTS PECKHAM ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 29 to 46 following, which have been prepared on the basis of the accounting policies set out on pages 32- 36.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (ʻthe Actʼ).

I report in respect of my examination of the Charityʼs 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 Act.

Independent examiner’s statement

Since the Charityʼs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  1. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ʻtrue and fair' view which is not a matter considered as part of an independent examination.

STATEMENT OF FINANCIAL ACTIVITIES

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FOR THE YEAR ENDED 31 DECEMBER 2021
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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 32-46 form part of these accounts.

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

Lisa Darby ACA

Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage, London, EC1 Date: 22 June 2022

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BALANCE SHEET

As at 31 December 2021

The financial statements were approved by the members of the PCC and were signed on its behalf by: 5/16/2022 Rev Jenny Dawkins _____ Date: _______ Charity Number: 1131846 The notes on pages 32- 46 form part of these accounts.

STATEMENT OF CASH FLOWS

For the year ended 31 December 2021

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1. Statutory Information

The Parochial Church Council of All Saints Peckham is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2. Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going Concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern.

The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable

expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how Covid-19 might affect projections.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.

The charity relies on volunteers to carry out many of its activities in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church conferences and other events and courses.

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NOTES TO THE ACCOUNTS (cont)

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

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.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

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NOTES TO THE ACCOUNTS (cont)

f) Pension scheme arrangements

The charity contributes to the Church Workers Pension Fund, which is a multiemployer defined benefits pension scheme as described in Section 28 of FRS 102. The charity is not able to identify its share of the Scheme's assets and liabilities and, therefore, as permitted by FRS 102, the Scheme is accounted for as if it were a defined contribution pension scheme. Contributions to the Scheme are charged to the Statement of Financial Activities as they become payable. Further information about the Scheme is disclosed in note 13 'Pension Commitments'.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

3. Donations

Donations of cash and similar Donations in kind (note 3a) Income tax recoverable Government grants (note 3b) Other grants receivable a Donations in kind comprise: Goods donated for: Foodbank

b Government grants comprise: Job Retention Scheme grant 4. Income from charitable activities Church retreats and events Other 5. Income from other trading activities Hire of facilities 6. Investment income Bank Interest

Foodbank items are valued at the weight of goods donated at £1.38 per kilogram.

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NOTES TO THE ACCOUNTS (cont)

7 Charitable expenditure

The fee payable to the independent examiner for preparing and examining the accounts was £4,200 (2020: £4,260); in addition the charity paid £1,029 (2020: £1,348) to Stewardship for payroll bureau and consultancy services.

c Grants Payable

8. Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses Of this total, £15,912 is included in within 'Internship' costs in note 7a) (2020: £4,336)

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NOTES TO THE ACCOUNTS (cont)

The average monthly number of employees during the year was 10 (2020:10). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

The Vicar (who is a clergy member of the PCC) receives a stipend from the Diocese and so is not an employee. Some of the Parish Share, as disclosed in note 4 'Charitable Expenditure' and paid to the Diocese, is used to help meet the cost of this stipend. He was provided with accommodation (which is customary for clergy) at no cost to the PCC; again the Parish Share was used by the Diocese to help meet this cost.

The Associate Vicar, who is a member of the PCC, is employed by the charity and also had customary clergy accommodation provided . The church also pays direct the council tax and water rates on the provided accommodation. These costs comprise the Associate Vicar Employment Costs above.

The charity's key management comprise the members of the PCC, the Operations Director and the ordained clergy. Other than the ordained clergy no members of the PCC were remunerated. Total employment benefits payable to key management, other than the ordained clergy, for the year amounted to £33,691 (2020 £38,934).

9. Tangible fixed assets

The Freehold property was purchased in 2018 for £400,000. The members of the PCC are not aware of any material changes in value since purchase and the valuation has not been updated.

10. Debtors

11. Cash at Bank and in Hand

12. Creditors: liabilities falling due within one year

13 Pension commitments The Church Workers Pension Fund (CWPF)

The PCC participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the PCC and the other participating employers. The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, which comprises a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

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NOTES TO THE ACCOUNTS (cont)

Pension Builder Scheme

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Schemeʼs assets and liabilities to specific employers and contributions are accounted for as if the Scheme were a defined contribution scheme. The pension contributions payable for the year, which have been charged to the Statement of Financial Activities, were £17,110 (2020: £15,403).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2019. The next valuation is due at at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 3% following improvements in the funding position over 2021. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the Scheme is such that if another employer fails, the PCC could become responsible for paying a share of that employerʼs pension liabilities.

14 Funds

During the year the movements in the charity's funds were as follows:

The transfers referred to above were made for the following reasons: a) Site Development Fund to the Site Development Tithe Fund: To show the tithe of the Site Development Fund appeal donations.

b) Site Development Fund to general fund to reflect the expenditure on capital items now held as general fixed assets.

c) General Funds to Listening for a change fund to reflect additional funding approved by the PCC for this project.

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NOTES TO THE ACCOUNTS (cont)

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

In the previous year the movements in the charity's funds were as follows:

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

15. Operating lease commitments

The charity has three operating leases for property rented for the Associate Vicar and the Interns. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of these leases is as follows:

During the year the charity was charged £37,200 (2020: £25,650) for its 3 (2020: 2) operating leases.

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NOTES TO THE ACCOUNTS (cont)

16. Transactions with related parties

During the year the charity:

a) received donations totalling £84,789 (2020: £82,228) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).

b) paid expenses totalling £0 (2020: £192) for 0 (2020: 1) non-clergy member of the PCC for telephone calls whilst carrying out duties associated with being a PCC member; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a PCC member are not included in this disclosure.

During the year the charity also made the following payments to, or for, related parties:

a) Josh Pedro, who is closely related to Raphael Pedro, who is a member of the PCC, received payments totalling £450 (2020: £nil) for digital support. Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

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Blenheim Grove, London, SE15 4QS 020 3637 2701 www.allsaintspeckham.org.uk hello@allsaintspeckham.org.uk