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← The Parochial Church Council Of The Ecclesiatical Parish Of All Saints Peckham

2024-12-31-accounts

the fellowship of faith: welcome you. 2024 ANNUAL REPORT www.allsaintspeckham.org.u

INTRODUCTION

CONTENTS

Services 4
Worship 6
Discipleship, Connection & Small Groups 7
Prayer 8
Outreach 9
Women’s & Men’s Ministries 13
Children & Families 14
Youth 16
Seasonal Highlights 18
Missional Giving 20
Our Partners 21
Our Buildings 22
Governance 23
Accounts
Finance Summary 25
Charity Information 26
Trustees Report 27
Independent Examiner’s Report 30
Statement of Financial Activities 31
Balance Sheet 32
Cash Flow Statement 33
Notes to the Accounts 35
Detailed Statement of Financial Activities with Comparatives 50

If I were to choose one word to describe God’s dealings with All Saints Peckham throughout 2024 it would have to be the word FAITHFUL. Yes, He’s journeyed with us and led us to some lush pastures – the Weekend At Home was a particular highlight! But, we’ve also experienced some painful bumpy patches on our journey too, and He’s never left our side.

One of the cultures we’re seeking to embody in this new season is to be Authentically Real. So, rather than pretending it never happened, it’s worth mentioning our sexuality series early on in 2024 as particularly painful and bumpy. The division surrounding this topic seen more widely at various synods in the Church of England has been deeply unsettling, and sadly, this became a reality for us too. We’re a beautifully diverse church, and although some will have been celebrating us in addressing such a controversial topic, others felt saddened we were giving it air-time only to expose the fragility of our diversity. Regrettably, during this time some of our dear brothers and sisters chose to leave, and, as the Bible says, “when one hurts we all hurt.”

But more on God’s faithfulness, because He really cares for His Church. It shouldn’t be a surprise, but during these painful months God was moving in our midst in a powerful way: words of knowledge, dreams, visions and pictures were falling like mighty waters. From a decrepit old bridge being cleaned fit for use, to a large orange being squeezed to release sweet juice – it was clear a la Joseph and his brothers, that God wasn’t going to waste any of our tears and pain. Within His rich tapestry of salvation He was confirming that good would come through the painful squeezing.

A few months later many of us were stomping on the reverberating church floorboards, refusing to let heartache define our story bellowing “There’s an army rising up… to break every chain… there is power in the name of Jesus…” Our God is good!

Some months later still we were welcoming some wonderful cultural shifts both with regards to our appetite for evangelism, our improved ability to disciple our precious asylum seekers, and in the eagerness for more of Jesus amongst our youth – with more than 30 teenagers seeking Him on a weekend away together down in Eastbourne. Our God is good, good, good!

My biggest lesson from 2024: never for one second doubt God’s faithfulness. And, He’s the same El Shaddai who € journeys with us into 2025, Rev Greg —

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SERVICES

One of the sermon series we loved this year was our series in Isaiah: The Gospel in the Old Testament. There was a moment when, like Isaiah, we corporately knelt down and by faith saw the train of Jesus’ robe filling our church building, looking up, up, up to see Him on the heavenly throne circled overhead by the seraphim leading us in praise, “holy, holy, holy…” That’s just one of many moments where God’s presence has undeniably been with us as we’ve met together. And, we may be biased, but blessed by such rich cultural diversity, when we gather and worship, it’s a taste of that heavenly sound coming from all nations, tribes, peoples and tongues. Come along and see for yourself!

In terms of feeding together at our Sunday morning services, we started the year with a series on the past, present and future tenses of salvation, revelling in the fact that we’ve been freed from the penalty of sin, are being freed from the power of sin, and will be freed from the presence of sin. And that tied in so beautifully with our theme verse for the year (Philippians 1:21), “For to me to live is Christ, and to die is gain.” In Jesus our future is secure, hallelujah. This then led into our sexuality series which included us thinking specifically about singleness – a topic sadly all too often overlooked, and a sobering sermon on pornography – a topic similarly dodging church pulpits further enshrining its shame in mystery. Post Easter we enjoyed a series titled Meals With Jesus which cemented the fact that Jesus longs for intimacy and loves spending time with us – whoever we are. It was striking to ponder the thought, as one commentator wrote, “Jesus got Himself crucified through the way He ate.” We wrestled with the call to put our faith into action with a series in James, before once again enjoying a summer of All Age services, this year thinking about some of the heroes of the faith. Raise up a new generation Lord!

Two extra highlights from our morning services are worth mentioning. One: on the first Sunday of the month our youth band Youth Melody Collective began leading us in worship as we close our services. Without doubt they’ve had us up on our feet, stomping, clapping and dancing. Two: at one of our three main baptism services we were visited by a Nigerian director of mission. He gently reminded us how privileged we are to be able to gather on Sundays without fear for our lives, a sobering perspective we don’t want to forget as we remember our brothers and sisters in the persecuted church.

At our evening services, amongst other things, we’ve continued our book-by1| book Bible Overview series, and we’re set to complete the Old Testament early on in 2025. This service continues to be far smaller than the morning, perhaps influenced by the lack of families and children’s groups. And, although we’re constantly exploring new ways of stimulating growth, we’re thankful for its more intimate reflective style. It provides a wonderful setting for new worship team |tg Dy” a = members, and many of our new gifted preachers, including some we hope to be ordained into more formal lay and clerical roles.

Finally, our Tuesday Service continues to be one of God’s power plants for life at All Saints. Spontaneous prayer is guaranteed. Testimonies of the Lord’s goodness flow like a dripping tap. And, wonderfully we’ve seen more of our café attendees, and those visiting our women’s hub stick around to taste and see that the Lord is good.

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WORSHIP

In 2024, our sung worship life at All Saints Peckham was a beautiful journey of deep encounter and joyful praise. Our monthly Worship Nights have continued to offer a place of intimacy with God, where hearts have been stirred, voices raised and the Spirit welcomed.

We have been blessed with new team members across vocals and instruments as well as sound, AV and cameras adding fresh energy and creativity to our worship. It has been a joy to see both new gifts emerge and long-standing volunteers continue to lead and encourage our church family in passionate, Spirit-filled praise.

This year also marked a significant moment as we said goodbye to Al & Ruth Kennedy, who have poured years of dedication and love into our worship life. We are deeply grateful for their leadership and legacy and send them off with our prayers and blessings for the new season ahead.

DISCIPLESHIP & SMALL GROUPS

Church weekends away are always times of growth and breakthrough. Yes, there can be challenges in living in a fishbowl for a weekend, but that fishbowl is so often God’s melting pot of reforming us into a closer family. Believing this, and knowing that financially we can’t take 200+ people down to Ashburnham every year, in 2024 we decided to launch the Church Weekend At Home for the in-between years. And, what a blessing it was. One of our previous vicars Frog Orr-Ewing came back for the weekend to speak on the = “4 topic of Awestruck Wonder, helpfully reminding us that our God is better than our best thoughts about Him. We enjoyed se coal loads of games onsite, we had outreach prayer teams sd engaging with people on the streets of Peckham, and we danced the night away with a super funky silent disco in church. King David would’ve made a note of some of the moves!

Our weekly rhythm of learning together has become more established as we’ve decided to refocus on the previous Sunday’s morning sermon. And, in 2025, we expect some of our small groups bursting at the seams to multiply, enabling us to offer a midweek learning community for more of our newcomers. With special thanks to Ruth, Bankin, Colin and Miriam, our Monday night Farsi Bible study has grown from strength to strength, and we hope that this can be a great resource for other local churches longing to feed their Farsi-speaking contingent.

Our worship repertoire continues to grow, bringing new expressions of praise to our church family. Songs like Holy Forever and A Thousand Hallelujahs have quickly become much-loved anthems, while our youth band has introduced Hallelujah Jesus Saves , which is already a firm favourite for our congregation.

As we look ahead, we do so with expectant hearts, knowing that God is at work in and through our worship. May our songs continue to rise as an offering of faith, hope, and love in the year to come!

Our two ‘Saturday Theology’s were thought provoking. Firstly, we focussed on the Arts, acknowledging that God admires beauty, and that the creative gifts our Creator gives to us are to be used creatively for His glory. Secondly, with help from Dan and Clare Poulson, we thought more practically how we can encourage Evangelism as a Lifestyle for all in church. The latter was especially helpful in the build up to Christmas with many friends being invited to hear the Good News of Immanuel.

As ever, the desire for connecting socially is still sky-high. Very often all sorts of

tactics are used by the staff to try and lock the church after Sunday service refreshments (the Soe SS hoover and turning off the lights trick). Suffice to say we like spending time together. And, like last ms APs. Se = year, we were blessed with beautiful weather on our annual beach trip to Ramsgate. A particular highlight this year was cramming as many Little - “ Saints as we could fit in a ‘safely held’ inflatable dinghy!

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OUTREACH

PRAYER

Rightfully, we’ve wanted those words from our sermon series on James to travel with us and shape our life together: “you do not have because you do not ask.” We want All Saints to be a house of prayer; a church, forever admitting our needs and taking those needs to Jehovah Jireh. To express this sense of dependence, ahead of Christmas (one of our busiest periods in the year), we invited everyone to gather morning, noon and night, simply to pray. Eternity will tell how much more important that time on our knees was compared to all the dashing to and fro we were doing around then. Teach us more how to pray Lord!

One of our regular rhythms throughout 2024 has been that on the third week of the month, home groups pause meeting, and instead all are called to assemble in church to pray. Although we long for this number to grow, we’ve been encouraged that most home groups have been represented, and often home groups themselves have led these meetings, each sharing prayer needs for one of our mission partners they have a particular relationship with. We believe this will cause relationships with our partners to flourish all the more.

Throughout the year we’ve also enjoyed a few training sessions for our prayer ministry teams. At one, we thought about what prayer ministry looks like practically, something we’re continually working on. At the other, the temperature was pumped way up, engaging with praying in Jesus’ name for miraculous healing & release from all forms of oppression. Jesus is mightier than any physical or spiritual bully!

CHRISTIANS AGAINST POVERTY (CAP)

The headline - 4 CAP families went debt free in 2024! We thank God for this transformation and that of the 12 people that attended the two Life skills courses we ran in 2024! One standout memory is of a courageous individual having faced a broken relationship that left them disabled and in debt, gradually working their way out of debt, attending one of our Life skills courses and now living debt free with the courage to go out and find

employment. We are hugely thankful that one of our key volunteers, Sonia Asiedu, is undergoing training to become a Debt coach so that we can increase the number of people we support in the community. And this year we have been encouraged by the support from the churches in our local network and deanery who are giving financially, promoting the work of CAP to their members and seeking ways of being more involved in the work of : . CAP in Peckham and beyond. ei £ . Continued partnerships with different referral agencies in the community have been really helpful, especially the Pecan Women's Hub who offer wholesome support to many of our female CAP clients.

2024 was not without significant challenges and the major one has been the number of people battling with their mental health as a result of debt and the higher cost of living. It would make such a difference to have more volunteers that are available in the day time to offer one to one continuous support as people work their way out of debt. We were so grateful for the responses from the church to the call of volunteers on CAP Sunday but there’s always room for more, and particularly we’re in need of male volunteers.

As we look to the future, we would like to see the CAP centre work more closely and be owned more by the local churches in order to increase the number of people we support. CAP money coaching courses, Life skills and job club courses are really excellent community resources and it would be great to run these in and alongside other churches in Peckham. Our biggest desire as always is to see more of the people we support come to know Jesus as their Lord and Saviour – He offers more than we ever can. Please pray for Sonia as she starts her new role as a CAP Debt coach and continue to pray for volunteers to be raised up to join the Life Skills team so that we can continue running these precious courses. CAP@allsaintspeckham.org.uk > 2

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OUTREACH

OUTREACH

I n October we employed Carly in a new evangelist position at All Saints. We raised the money externally for this 12 month position in the hope we might in future be able to resource this ourselves and make the role permanent. Having Carly in place has helped us to do a fresh audit of how and where God is already moving in wider Peckham and has helped us posture ourselves and ask; What do you want to do God?

All Saints is an outward facing church, and we are looking to build momentum with other worshipping communities. We want to know where there needs to be fresh action, where to plant our resources and to put our hands deep in the soil of social justice.

The Gospel365 - Carly has been making and growing connections across Peckham with both churched and unchurched communities. An example of how this is happening; is through regularly visiting local businesses to share the gospel, offer prayer and practical support and do bible studies with different people groups. By simply meeting people and pointing them to Jesus, we can also let them know where All Saints is. We have lots already happening and we want to let people know what we’ve got going on, and that they have a family ready to receive them.

Another example of our growing connections, would be laying foundations with local social action groups with the aim of forming Christian networks within these organisations. Our God has dominion and loves justice, but He’s also relational. We want to see that people are not just v = © accessing support and services, but also encountering the transformative power of the —"es?—— Saktre— =~aa / gospel.

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We believe that through Jesus’, we have the strength to hit hard ground with the gospel knowing that God produces a harvest at the right time and in any climate. We are committed to regular rhythms of door knocking, corporate prayer with local churches and leaders, one-to-one gospel encounters and street preaching. Please get in touch if this is something you want to know more about and grow in.

Discipleship - Carly is currently coordinating an online discipleship group, mentoring new believers, returning church goers and evangelists. At All Saints we have been sharing Jesus with some of our amazing new believers, whilst encouraging some of our rooted family in pursuing their own calling and mission. In addition to this we are currently researching evangelism and equipping models suitable for our church, as well as developing our own training models, which we believe will be integral to us as a church in coming seasons.

Events - in November we had guest speakers Dan and Clare Paulson discuss the topic of Everyday Evangelism. We received a flurry of testimonies following the event after being encouraged to step out in faith in practical ways. The written feedback we received showed our gratitude from having our perceptions challenged and overall those in attendance felt greatly encouraged.

In conclusion, we are grateful for God's provision and opening up this opportunity for us as a church. We can see that we are experiencing early stages of growth, and a noticeable shift as we are being transformed into a hungrier church, with each one of us expecting to regularly re-encounter Jesus at church and in our day to day lives.

COMMUNITY CAFE

Our Community café doors are consistently open Tuesday and Thursday mornings from 9:30 – 11am and we regularly serve up to 40 guests a week. The free cakes, lovingly made by our generous expert bakers, are a great draw, but the warm environment created by our core team is even more special. We’ve been able to get to know our regulars better this year, helping with basic internet tasks, praying for healing and provision of needs, supporting through challenging times and offering a listening ear for anything they want to talk about. We’ve seen relationships grow among the guests and new people step in to help with serving and clearing up. The café has also been a good point of connection with Pecan Women’s Hub who operate in our hall on Tuesdays and Thursdays as often women come in for a cuppa while they are waiting for appointments and we’ve enjoyed meeting new women this way. We continue to pray that this space would be a first step into church for a community that doesn’t yet know Jesus, and that as well as the hot drinks and cakes, we’d be able to offer something of His love and hope to those searching for community.

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OUTREACH

MEN & WOMEN

PRISON MINISTRY

It has been another fruitful year as we continue to support the ministry of the chaplaincy team (particularly Revd Andy Blacknell, formerly of ASP) at Brixton Prison. A team from All Saints goes into Brixton to help with the Sunday morning service on every third Sunday of the month. This involves helping with the AV, worship leading and mainly being available to chat and pray with the men. We also have the opportunity to go into the wings and encourage the men to attend chapel which is often an opportunity for some interesting conversations too. It is remarkable how open to God the men are and how keen they are to receive prayer. It is a privilege to see them encountering the forgiveness and grace of God and keen to get stuck into Bible study and prayer which happen weekly on the wings. There is also a monthly prayer meeting with the other churches that support Brixton and we have met locally as the AS team to pray also. One of the biggest encouragements this year was a number of men who powerfully encountered Christ during their time in prison who have now left and become active members of local churches.

At Deeper (our men’s breakfast every other month) we talk about the b’s: brekkie, bible, banter, brotherhood. It’s the last one we’ve been particularly moved by. It’s been heartening to see men worshipping side by side, then prayerfully ministering to one another through tears. A sight to behold (yet something happening every week at 6.45am on a Thursday morning with a smaller huddle of men resolved to journeying together in the Lord).

Although, at Deeper, we’ve yet to rival the women’s numbers, we get a Full English and they don’t! On a more serious note teaching highlights include: Jason O’Shea telling us all about Operation Forgiveness, and how God is using their work to reduce knife related crime in our schools. Tony Ozue from Heaton Road reminding us that evangelism isn’t rocket science and that we can all be involved. And, at a less conventional men’s breakfast in Wetherspoons, it was great for the gents to get to know Joel our (then) new youth worker a little better. We thank God for this passionate man of God from Sheffield!

We are always looking for new members of the team so if this is something you might be interested in then please speak with Graham Gordon or Hannah Steele who head up the All Saints team.

COURSES

January 2024 saw us try out the Hope Explored course from Christianity Explored. It’s a 3-session course simply focussed on the life, death and resurrection of Jesus, and was the perfect invitation to offer over the Christmas period.

Ali and Graham Gordon hosted and led the Marriage Course for us in the spring of 2024, and alongside several couples from our church family we were able to welcome in visitors for these 7 sessions designed to help couples invest in their relationship and build a strong marriage.

In 2024 the Rooted team held 5 women's breakfasts which were attended by on average 70 women from All Saints church family, other churches and friends of friends. We are grateful to God for the precious times of fellowship, prayer, worship, friendship building and the building of our faith through hearing God's Word. We have been encouraged by the women who have eventually joined the church family as a result of attending the breakfasts and growing in their faith in Jesus. Some women are also now plugged into home groups as a result. The ministry has not been without its challenges and we’ve had a sense of spiritual warfare, but we have seen the goodness of God in how the women are being used by Him to minister to each other. We have also witnessed how the Saturday breakfasts have fed into the Sunday church service with the women turning up ready to worship on a Rooted weekend!!

As we look ahead, we would love to see the women's ministry grow and serve women not only within the church but also in our wider community and to see more women getting involved with the bigger vision of this ministry and joining the team. We are providing feedback forms to the women, to help shape the breakfasts going forwards. Please also pray for us as we seek to inspire and minister to the younger generation of women within the church and community.

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CHILDREN & FAMILIES

CHILDREN & FAMILIES

In line with Greg’s opening thoughts, this verse has been true for us in the Children’s ministry in 2024 and we praise God! - “The faithful love of the Lord never ends! His mercies never cease.” Lamentations 3: 22,23 We are blessed with many children 0-11 years old at All Saints and we thank God for each of their journeys of faith, whether praising God with rattles or singing and praying out loud in front of the whole church.

We’re grateful to God for the enormous team of volunteers who serve so faithfully with events, midweek groups and Sunday mornings without whom none of our groups could run. 10% of our congregation serve in Kids Ministry! Thank you to each of you who have served and supported this work.

Our Sunday morning groups have been continuing their 3-year Bible overview and in 2024 we enjoyed the stories of Joshua, Samuel, Saul, David, Solomon and the major prophets such as Isaiah and Jeremiah. We also spent time in the Gospels and thought about the truths of Easter and Christmas. Our monthly Kids Worship Sundays have gone from strength to strength as we’ve fine-tuned the practicalities and built up a fantastic Youth band to support our time together. Over the course of 2024 - a source of great joy has been having 8 of our young people return to kids groups as volunteer leaders (as a way of working towards their Duke of Edinburgh Awards). This has been a really positive addition to our leader teams and our children love to have these Youth role models to look up to.

Joy412, our midweek discipleship group for Y5-6 children, has continued to be a safe space for going deeper into the Bible with a series on Peter in the Gospels and an inspirational delve into the lives of 10 women who changed the world! We had a brilliant 10-pin bowling trip at the end of May which included many of this age-group who are unable to come regularly mid-week.

the source of our eternal Hope.

Christmas with the children of All Saints and the community around us is always a highlight and proves we are a church that celebrates all ages. Even with the late arrival of the real donkeys, there was so much joy in being able to share the true meaning of Jesus “a great light dawns” with window decorations and nativity themed mini-golf. The quieter crib service on Christmas eve proved that even our smallest All Saints members can find peace in meeting the baby Jesus.

Some other highlights throughout the year included:

During 2024 we hosted 2 school visits from Rye Oak Primary school, one at Easter and one at Christmas time to help their Reception class get a real-life experience of how Christians like to celebrate these festivals. Bird-in the-Bush Primary School also came to visit us having hosted Rev Greg at their school assemblies. What a privilege to be able to share the joy of Jesus with all these school children in our own church building.

Our Stay & Play Friday sessions are becoming more well-known in the area and each week we are now welcoming around 40 kids under 3yrs with their parent/ carers. A big thank you to all the All Saints parents who come and support with hot drinks and tidying up. This continues to be a brilliant space for outreach each week with lots of positive relationship building and conversations about faith and

We thank God for his never ceasing mercies in 2024 and we look to all that God will do in and through our children and families in 2025!

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YOUTH

YOUTH

2024 saw us saying goodbye to and giving heartfelt thanks for Toby Lockyer after 4 years of faithful and sacrificial service to young people here at All Saints. One special memory before he left was the youth tent at our Weekend at Home, where the young people souped up their own space for hang out time and room to explore our awesome God together. We then sent Toby off with a fun youth and families BBQ and enjoyed celebrating his marriage to Sophie in the summer!

After a recruitment and interview process, we were delighted to appoint Joel Pollard to the post of Youth Pastor in September. Joel and his wife Amy moved to Peckham from Sheffield at the end of the summer and getting to know them has been one of the great joys for our church in 2024.

A major high point for our youth ministry in 2024 was the youth weekend away to Eastbourne in September. This proved to be a special time of bonding and togetherness for our young people, as well as being spiritually significant for many of them. They went on a journey of encountering God through Isaiah 6, alongside enjoying the beauty of the South Downs and plenty of games and quizzes too! It also proved to be a fantastic opportunity for Joel to build relationship with the young people early in his time here at All Saints. We are already excited for the youth weekend away in October 2025!

Something new we’ve been celebrating in youth ministry through Autumn 2024 was the development of a rhythm of prayer walking with our youth. God has already done some powerful things through our young people on the streets of Peckham and we are excited about the prayerful and missional heart that God is growing in them.

It has been a great joy to see the growth of the detached youth work at the Pelican Estate. In partnership with the youth charity XLP, this has proved to already be a great blessing to many young people we otherwise wouldn’t have connection to. Every Monday afternoon a team from All Saints joins with a team from XLP and hosts football and basketball games, FIFA tournaments, card games, board games… and the occasional trip to a dessert parlour for good measure! We are hoping to grow the connection between the young people we know at the Pelican and All Saints as we go into 2025.

In addition, it has been a great blessing to all of us to see the growth and development of our young people as worship leaders as they have been frequently blessing the kids in Kids Worship and the rest of us with their musical gifts and worshipful spirits!

An incredibly passionate, committed and servant hearted volunteer team has enabled youth ministry to thrive. Thank you to all of you generously spirited people! And a huge thank you to those who are praying for the youth ministry. Please continue to do so!!

2025 is set to be a year of exciting adventures, including taking a small group of young people to the Satellites youth festival this Summer, as well as the Church Weekend Away and Youth Weekend Away coming up! An enormous thank you to those who give so generously to this Church to enable these things to happen. We are so grateful!

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SEASONAL HIGHLIGHTS

The significant dates of the Christian calendar frame our year and give us rhythms of celebration and moments to pause. In Lent 2024 we read the latter chapters of Matthew’s gospel together, journeying with Jesus to the cross and discussing online as we read. In Holy Week we had a special evening with Julia from Jews for Jesus who led us in a Seder meal. She taught us the symbolism of the elements, linking the Old Testament Passover requirements of her Jewish faith with how she’s come to understand them in the light of the teaching and life of Jesus. Having tasted the haroset and matzah, we then enjoyed a meal together as a community. Good Friday brought our traditional Walk of Witness, joining with other Peckham churches and holding an open-air service in front of Peckham library. An especially poignant moment was when we sang ‘I Speak Jesus,’ prophetically declaring the words out over Peckham. Our early morning Easter day gathering at Peckham Rye Park had the new addition of Rev Greg’s Resurrection Run, which started with some Alleluia squats and included some Praise the Lord burpees along the way! An invigorating and joyful start to Easter Day, which got even more joyful as we baptised 5 of our church family and shared ‘Christ is risen’ in some of the many languages spoken at All Saints in our morning Easter celebration.

SEASONAL HIGHLIGHTS

Our Christmas season at All Saints was kicked off with a family Christingle service full of fun and wonder – and probably a few too many sweeties for late in the evening! Praying in a big circle with our candles lit (“Don’t jingle your Christingle!”) will remain a special memory. We had the joy of hosting Ugandan musicians Anglican Youth Fellowship as part of their UK tour. They visited some local schools and then performed at a concert we hosted, before supporting our Sunday worship in big church and the kids groups. Our two candlelit carol services were well attended this year and as mentioned above, we all enjoyed a special Christmas anthem written and performed by All Saints worship team members and an opening film made by our creative team – what gifted artists we have, using their talents to worship the Lord. Beer & Carols was back and we introduced some adults to the Christingle too! We were glad to partner with our neighbours in Brick Brewery for this event and want to find more ways of working together. Our Family Nativity nearly went wrong when the donkeys’ van broke down on the way here! But they arrived just in time to finish off a fun packed service including Hermione sharing with the children about the Light who came down. Our theme across Christmas was “A Great Light Dawns’ which tied together our series in Isaiah where this prophecy is first mentioned, with the coming of our Lord Jesus, the light of the world come down. We were grateful to be able to share this message of light and hope with our community – sharing Jesus, whenever, wherever and however!

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OUR PARTNERS

MISSIONAL GIVING

For many years our commitment and practice has been to tithe our income so that ten percent of what God has given to us is given to others pursuing His work in a wide variety of places and roles. The great commission of Jesus states that we are to go into the world and make disciples of all peoples and we see that these gifts are one way in which we can be part of enabling this to happen.

In 2024 these funds were donated to the following people and organisations

We’re grateful to continue using our extensive site for good in Peckham and the hall is busy most days as partner organisations run services from there.

Foodcycle continues to serve up healthy vegetarian meals on Wednesdays and Saturdays using surplus food from supermarkets. Each meal is attended by over 50 guests who get three courses of freshly prepared food and the chance to sit and eat in a warm space with a friendly volunteer team. In 2024 across the country Foodcycle served over 153,000 meals including serving guests on Christmas Day here in Peckham. The staff team had a great time visiting a Foodcycle meal in the Christmas season to sing carols to our guests, invite them to Christmas services and to encourage the wonderful volunteer team serving.

Southwark and Lewisham Women’s Service (working under the umbrella of PECAN) use our hall all day on Tuesdays and Thursdays offering a range of services to the women of our community. From drop in mental health clinics, workshops of various kinds and advocacy work, this woman-only, traumainformed, safe space is invaluable to many women dealing with multiple disadvantages. We’ve been grateful to get to know the team better this year with connections growing between our CAP ministry and the women’s hub team and for our community café to be somewhere women can wait before their appointments.

Other regular hall users making a difference in our community include the charity Migrateful which brings refugee and immigrant chefs together with those wanting to learn to cook food from another culture, helping integration and to change the narrative around migrants. The hall also hosts Word Church who hold their Sunday gatherings in the afternoon in between ours. We have welcomed South London Shorts to use the church for film screenings and have enjoyed hearing the sounds of Multi-Storey Orchestra rehearsing before big shows.

We are working to increase the profile of this area of our ministry within the church and have created a noticeboard at the back of church to help. We also asked our home groups to “adopt” and pray for nominated people and organisations on the list, helping us all to stay better connected,

It was an extra privilege in 2024 to be able to invest some money that had been held as part of a restricted giving fund to help build a new school in the Gambia, that we hope to continue to support and be connected with.

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GOVERNANCE

OUR BUILDINGS

Our vision is that all of the buildings on our site are well maintained, fit for purpose and are as energy efficient as reasonably possible. Subject to the inevitable limitations of the funding that we have available, we are gradually moving towards these goals.

During the year we have invested in our buildings and the benefits of having a part time maintenance worker are beginning to be seen. We have been able to repair and repaint all of the timber window surrounds in the hall and also redecorate and refurbish the hall toilets. The gates to the site have been repainted and the communal areas of the office refurbished and we are now making a start on redecorating the parts of the church that have been damaged over the years. This started with the entrance porch and is moving onto the lower level sections of the church.

At the end of 2024 we raised £25,098 from ‘Give 2 Go Green’, which was a Church of England scheme that match-funded projects that improve the environmental performance of church buildings across the diocese. These funds will be used to replace the lighting in the church and the hall with modern low energy LED lighting. Much of the lighting being replaced is life expired and is no longer working effectively. This work is being carried out during 2025.

We have also seen a conscious effort to bring all of the public communication spaces in the church under one unified branding and colour scheme. The effect of this has been considerable.

We give thanks for the committed team of volunteers who give of their time to help maintain the site and in particular the gardens on Saturdays throughout the year.

At our APCM in 2024 Liz Fothergill and Raphael Pedro were re-elected as churchwardens for a one year term. The following PCC members stood down having either » come to the end of their term or moving on to pastures new: Liz Ajanah, Brian Craig, Jane Fryer, Eleanor Orr and Nea Viv Thatcher (deanery synod). Jane Fryer and Eleanor Orr ee Na were re-elected to the PCC and were joined by new members Marie-Louise Samuels, Kathryn Beatham and Chris Sewell (deanery synod). In July, Liz Evershed was

co-opted on to the PCC to take on the role of secretary following Brian Craig’s resignation. Naomi Davis stepped down as Parish Safeguarding Officer at the APCM, and Hermione Thompson took on this role.

Significant governance work in 2024 included:

Financial Decisions and Planning

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GOVERNANCE

FINANCE SUMMARY

Decisions/discussions on Culture and Strategy:

Discussions re Site Redevelopment:

2024 was a year when our financial performance returned to showing a surplus, after a number of years of showing losses. We thank God for his provision in this area and the congregational generosity that he has inspired. These are the key points that we need to be thankful for:

The total funds as of 31st December 2024 was £486,783 of which £393,621 was unrestricted, compared to £391,535 of unrestricted funds at the end of 2023. We are particularly grateful for the surplus in the General Funds and the consequent increase in unrestricted net assets or reserves. The generosity of donors has allowed this really encouraging result for the year even though we have increased our staffing with the appointment of a part time evangelist and continued to employ a part time site maintenance person.

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. Our policy states that our reserve should equal 10% of our planned unrestricted expenditure and for 2024 this would be £51,291 These figures indicate that the General Fund has grown in 2024 by a further £10,000 to just under £36,000 (2023 £26,000). Of this, £19,000 (2023: £3,300) is represented by General Fund net current assets. .Whilst this reserves position is not as generous as our policy states, we are very grateful for the progress made in 2024 and the considerable increase in our unrestricted net current assets. The PCC will continue to ensure careful financial controls and sensible income generation strategies are maintained in order that our reserves will be gradually returned to the level described in our policy.

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TRUSTEES REPORT

CHARITY INFO

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS PECKHAM CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024

Members of the Parochial Church Council

Rev. Greg Cushing (Chair) Dr Jane Fryer (Deputy Chair) Raphael Olumuyiwa Pedro (Church Warden) Elizabeth Fothergill (Church Warden) Eleanor Orr (Treasurer) Brian Craig (Secretary, resigned 9 May 2024) Elizabeth Evershed (Secretary, appointed 15 July 2024) Anthony Madu (Deanery Synod) Olivia Brambill (Deanery Synod) Roger Orr (Deanery Synod) Viv Thatcher (Deanery Synod, resigned 9 May 2024) Elizabeth Ajanah (resigned 9 May 2024) Kathryn Beatham (appointed 9 May 2024) Jennifer Griffin-Walters Joshua Pedro Christopher Sewell (appointed 9 May 2024) Marie-Louise Samuels (appointed 9 May 2024) Hermione Thompson Paul West Teresa Williams (deceased 7 April 2025)*

Other members of key management Gareth Hepworth (Operations Director)

Charity Registration Number

1131846 Blenheim Grove London, SE15 4QS Lisa Darby FCA Stewardship 1 Lamb's Passage London, EC1Y 8AB HSBC Bank plc

Principal Address

Independent Examiner

Bankers

*Teresa went to be with Jesus in April before this report was finalised. We’re so grateful for her service to All Saints and will miss her presence and contributions immensely.

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024

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 and 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 - 24 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 organises 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. This team regularly reports back to PCC about the decisions 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

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TRUSTEES REPORT

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 PCC.

Financial review

Please see the financial summary on page 25.

Reserves policy

Please see the financial summary on page 25.

Key risks and uncertainties

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, they take appropriate measures to mitigate those risks.

TRUSTEES REPORT

  1. make judgements and estimates that are reasonable and prudent;

  2. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  3. 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:

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 2023 ; no significant immediate work is required.

----- Start of picture text -----
Name: _____ Date: __16/5/25_
(Rev Greg Cushing)
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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 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;

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INDEPENDENT EXAMINER’S REPORT

STATEMENT OF FINANCIAL ACTIVITIES

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

For the year ended 31[st] December 2024

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 2024 on pages 31 to 51 following, which have been prepared on the basis of the accounting policies set out on pages 35 - 39.

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 (‘the 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 Act.

Independent examiner’s statement

Since the Charity’s 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 the 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

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

  3. 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 ‘true and fair' view which is not a matter considered as part of an independent examination.

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.

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 page 35-48 form part of these accounts.

Lisa Darby FCA

Institute of Chartered Accountants in England and Wales Stewardship, 1 Lamb's Passage , London, EC1Y 8AB

Date: 11th June 2025

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BALANCE SHEET

As at 31[st] December 2024

CASH FLOW STATEMENT

For the year ended 31[st] December 2024

The financial statements were approved by the members of the PCC and were signed on its behalf by:

16/5/25 ---------------------------------------------Charity number: 1131846 REV GREG CUSHING Date: The notes on page 35-48 form part of these accounts.

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Notes to the Accounts

CASH FLOW STATEMENT

Notes to the Cash Flow Statement

Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities

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 [as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities]. 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

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Notes to the Accounts

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.

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 and legacies 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) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

iii) Donated facilities, services and goods. 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 includes income from church conferences, retreats, and other events and courses.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the hire of church facilities.

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

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Notes to the Accounts

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:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment 15% per anum on a straight line basis

Freehold land

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) 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'.

h) 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.

i) 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).

j) Critical accounting estimates and areas of judgement

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

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

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Notes to the Accounts

3. Donations and Legacies

7. Charitable Expenditure

7

4. Income from Charitable Activities

5. Income from Other Trading Activities

6. Investment Income

The fee payable to the independent examiner for preparing and examining the accounts was £4,800 (2023: £4,620); in addition the charity paid £1,001 (2023: £1,144) to Stewardship for payroll bureau and consultancy services.

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Notes to the Accounts

C. Grants Payable

No staff received salaries at a rate of more than £60,000 per annum.

Rev. Greg Cushing (who is a clergy member of the PCC) receives a stipend from the Diocese and so they are not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of this stipend. Rev. Greg Cushing was also provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is included in note 7 'Charitable Expenditure'.

9. Tangible Fixed Assets

8. Analysis of staff costs, the cost of key management personnel and trustee remuneration

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

The average monthly number of employees during the year was 7.3 (2023: 6.6). Most of the charity's activities are carried out by volunteers.

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Notes to the Accounts

11. Cash at bank and in hand

12. Creditors: Liabilities falling due within one year

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 Scheme’s 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 £8,491 (2022: £14,221).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022. The next valuation is due as at 31 December 2025.

13. Pension Contributions

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.

For the Pension Builder Classic section, the valuation confirmed that it was now fully funded on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a modest discretionary bonus following improvements in the funding position over 2023. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation confirmed that it was now fully funded 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 employer’s pension liabilities.

Pension Builder Classic provides a pension for members for payment from retirement, 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 be added before retirement, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that 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

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Notes to the Accounts

14. Funds

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

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

The transfers referred to above were made for the following reasons:

a) Transfer to clear the deficit on the Hardship Fund at the year end from the General Fund.

b) Transfer from General Fund to the External Giving Committee reflects the policy of the PCC that 10% of annual unrestricted income is used to support mission partners across the world.

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Notes to the Accounts

Analysis of net assets by fund

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

Site Development Fund: Main working fund for the redevelopment of the site.

Site Development Tithe Fund: 10% of gifts to the initial appeal for the Site Development Fund are allocated to support other similar building projects around the world.

Hardship Fund:To provide support to those in need due to diverse situations. Recipients are usually members of the church family.

Other Restricted Funds: Support of those in need and specific missionaries and events.

15. Transactions with related parties

During the year the charity:

a) received donations totalling £76,421 (2023: £56,124) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).

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

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES FOR THE YEAR ENDED 31 DECEMBER 2024

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