OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Charity No. 1132264

St Simon Zelotes’ PCC

Upper Chelsea

Annual Report and Financial Statements For the year ended 31 December 2022

i

ST SIMON ZELOTES, UPPER CHELSEA

ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2022

INTRODUCTION

The year ended 31 December 2022 was another eventful year in the life of our parish and one for which we rightly give thanks to God.

OBJECTIVES AND ACTIVIES OF THE PCC

The Parochial Church Council of the Church of St Simon Zelotes has the responsibility of co-operating with the Incumbent in promoting within the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical.

When planning our activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through:

Worship and prayer;

Provision of pastoral care for people living in the parish;

Missionary and outreach work.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council is a charity registered with the Charity Commission, charity number 1132264. Members of the PCC are either ex officio (i.e. The Vicar, the Wardens, and Deanery Synod Representatives), or elected by the Annual Parochial Church Meeting, or co-opted by the PCC, in accordance with the Church Representation Rules. The Annual Vestry Meetings (which elects the Wardens) and the Annual Parochial Church Meeting were held on the 15 May 2022.

The functions and purpose of the PCC are outlined in the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules. Decisions are taken by majority vote. The members of the PCC, as trustees, are responsible for the preparation of financial statements, keeping proper accounts and records, safeguarding assets, maintaining the structure of the church buildings in good order, and preventing or detecting fraud. In addition to the church, the PCC has responsibility for the maintenance of the attached church hall. The London Diocesan Fund holds the freehold of the church hall on behalf of the PCC and acts as Custodian Trustee.

The church address is 40 Milner Street, London SW3 2QF. The parish office is in the vicarage at 34 Milner Street, London SW3 2QF.

ii

PCC COMPOSITION

St Simon Zelotes operates under the triennial system for electing lay members to the PCC. From 1 January 2022 to 15 May 2022 (the date of last year’s APCM) the composition of the PCC was as follows:

Vicar: Rev’d Mike Neville Curate: Rev’d Dr Philip Stewart Wardens: Edward Rose and Susan Wajih Deanery Synod Representatives: Philip Grundy, George Huntley and Susan Wajih Elected Representatives: Susan Badman, Tim Biggs, Kate Castellani, Nicholas Dunhill, Henry Farrar-Bell, Victoria Gallagher Philip Grundy, Tom Miller, Emily Mukerjee, Shayne Pope, George Walker, Albert Yu

The table on the next page shows the composition of the PCC from the APCM on 15 May 2022 until December 2022 and from 1 January 2023 to the APCM which is to be held on 14 May 2023 (i.e. immediately prior to the elections). The table also indicates the members’ terms of office under the triennial system and the results of the elections.

St Simon’s is entitled to have three lay representatives on the Deanery Synod and twelve PCC lay representatives.

iii

PCC COMPOSITION AND TERMS OF OFFICE IMMEDIATELY PRIOR TO ANNUAL MEETINGS IN 2023

Name Term started
at APCM in:		 Term started
at APCM in:		 Term to
end at
APCM in:		 Status following APCM in 2022
Rev’d Mike Neville - Chairman Ex-officio
Rev’d Joe Ammoun - Curate Ex-officio
Churchwardens
Edward Rose 2022 2023 Elected
Susan Wajih 2022 2023 Elected
Deanery Synod
Philip Grundy 2020 2023 Elected
George Huntley 2020 2023 Elected
Susan Wajih 2020 2023 Elected
Elected
Representatives
Susan Badman 2020 2023 Elected
Tim Biggs 2021 2024 Resigned in November 2022
Nicholas Dunhill 2022 2025 Elected
Victoria Gallagher 2021 2024 Elected
Richard Miller 2022 2025 Elected
Tom Miller 2020 2023 Elected
Emily Mukerjee 2021 2024 Resigned in November 2022
Shayne Pope 2020 2023 Elected
Sarah Too 2022 2025 Elected
George Walker 2021 2024 Elected
Albert Yu 2021 2024 Elected

iv

MEETINGS OF THE PCC IN 2022

The schedule below lists the PCC meetings held in 2022, together with a note of the main business discussed.

25 January 2022

14 March 2022

10 May 2022

15 May 2022

18 July 2022

13 September 2022

14 November 2022

v

ACHIEVEMENTS AND PERFORMANCE REPORT ON THE YEAR 2022

MISSION AND VISION

Jesus Christ defined the church’s mission when he commanded ‘make disciples of all nations’ (Matthew 28:19). Our mission is to make disciples of Jesus Christ.

Inspired by John Stott’s book ‘The Living Church’ we have identified five ‘Values’ to shape our mission and vision. These are: Knowledge, Love, Worship, Outreach, Stewardship.

At the start of 2019 the PCC adopted the ‘St Simon Zelotes Mission Action Plan 2019-2024’, which fleshes out what these five Values mean and some Goals and Strategies which we may follow in order to give these Values practical expression.

In all of this our goal is to live out our motto ‘standing firm in the true grace of God’ 1 Peter 5:12

ACTIVITIES

We recognise that all genuine gospel growth is the work of God by His all-surpassing power.

We also recognise that much of the work of God is hidden from our sight and may only be revealed at the Last Day. Especially this is true of that most important work, the renovation of the human heart in the image of Christ.

Nevertheless, we are privileged to be ‘co-workers’ with God, and these are some of the things St Simon’s achieved in 2022.

Sunday and Mid-Week Worship

These are some of the particular highlights of the year.

After a year without the Valentine’s Day service because of the pandemic regulations in 2021, we were glad for it to resume in 2022. With help from members of the congregation providing refreshments, we enjoyed a joyful and uplifting service of thanksgiving for marriage.

The special service of celebration for the late Queen’s 70[th] Jubilee in June attracted many visitors and was warmly received. We gave thanks for the Queen’s reign but also the King whose servant she was - our Lord Jesus Christ. On Thursday 8[th] September we heard the sad news that the Queen had died. We hurriedly organised a special Sunday service to commemorate Her Majesty’s life. The service was filled with powerful emotion.

We haven’t had a service of Confirmation at St Simon’s for a few years so it was a delight to welcome Bishop Ric Thorpe to confirm six candidates. As we hear the story of people coming to an assured faith, or confirming their faith, we are encouraged to continue in our walk with God. In a similar way we were encouraged by an adult baptism in May with a clear testimony to the grace of our Lord Jesus.

For the Harvest Thanksgiving, we much enjoyed the singing of the choir from King’s College School, Wimbledon. This large choir, directed by Daniel Phillips, sang beautifully and some of the boys and their parents said how much they had enjoyed the service.

vi

Following the interruptions to worship, and especially to Holy Communion, because of Covid, it was good to re-introduce the ‘common cup’ in March since it is such a good symbol that the church is ‘one body’.

Eating together on a Sunday is an important part of building strong relationships and ‘loving one another’. The ‘bring and share’ suppers after the evening service three times a year, are one way of doing this. We also serve breakfast before the morning service on the first Sunday of the month with a delicious array of cake and pastries.

The mid-week Home Groups are important element of our strategy to build a mature and stable and caring congregation. We had five or six groups meeting during the year with some growth in the numbers in them towards the end of the year.

Mission and Evangelism

The ‘Hope Explored’ and ‘Christianity Explored’ courses continue to be an important part of our outreach strategy, since they give people an opportunity to ask questions about Christian faith as well as hearing a clear presentation on the essence of the gospel.

St Simon’s participated in the ‘Passion for Life’ mission in co-operation with other local churches. A highlight, held at St Simon’s, was a performance of Handel’s Messiah with some reflections from the gospel of John to convey the heart of the message of this piece of music and the gospel it proclaims. Around 200 people attended. We also held ‘Guest Services’ with Rupert Shelley as a visiting preacher. At Christ Church Kensington some of us attended an interview with Tim Farron at which he spoke with great eloquence about his faith.

We often have people exploring faith in the Sunday services, and we see these as a means to reach out with the Christian message to those who do not yet believe, as well as building up believers.

Some of us travelled to Oak Hill College to listen to author Tom Holland in conversation with others, considering how the church can best convey its message. He emphasised again and again that, in his view, the church will never persuade people to listen by trying to fit in with the world’s belief systems. He talked about making the most of Christianity’s ‘weirdness’, not playing it down.

Community Events

In February we hosted a lecture by Charles Moore arranged by the Milner Street Residents Association. He has written a magisterial biography of Margaret Thatcher and he spoke about how she handled the Falklands War. The young people from the evening congregation were a great example of service as they helped with providing refreshments after the lecture. In November we also hosted the MISARA AGM which many local residents attend.

Many church members helped to organise and run a Street Party to celebrate Her Majesty the Queen’s 70[th] Jubilee. Around 200 people came to the party and it was an outstanding community event.

Advent and Christmas

A fairly new addition to our programme, the Advent Sunday morning and evening services, are developing and have proved a really helpful introduction to the season in which we reflect on both the first and second coming of Jesus.

vii

This year we moved our ‘Nativity and Christingle’ service earlier in the month to Sunday 4[th] December so that our own church families could be part of it. Previously we held the service on Christmas Eve when many families had left London for the holiday break.

Our ‘Nine Lessons and Carols’ service on Sunday 11[th] December was back to full strength, and we reckon that between 250-300 people attending, with some having to stand at the back of the church.

Sussex House

We continue to have a close link with Sussex House School. The Vicar acts as Chaplain to the school and attends many events such as parents meetings, exhibitions, sport events, plays, concerts, the Leavers’ Dinner, Speech Day and Prize Giving. The whole school comes to St Simon’s each Friday morning in term time for a short service.

A highlight of the year was the Sussex House Jubilee service marking both the Queen’s jubilee but also the 70[th] Jubilee of the school. The magnificent service with a full orchestra and huge choir, was held in Holy Trinity, Sloane Street with a party following in Cadogan Square.

Church Fabric and Stewardship

A priority in the year was to refresh and improve the St Simon’s website. Sophie Gallagher headed this up and has helped make a much more attractive and user friendly site.

Much time during the year was spent in repair and restoration work following the fire in the church at the end of 2021. It was a complex and bitty project but the work was eventually completed and we are thankful to God that the building has been restored so well.

We improved the lighting in the south aisle and chapel area since both of these areas are increasingly used for social events.

We introduced a Debit/Credit card reader to be used for donations on a Sunday or at other services and events held at St Simon’s.

The Church Hall rental income is an important source of church income and we began negotiations to renew the Lease which expires in the summer of 2023.

Curates and Ministry

Philip Stewart’s ministry has been much appreciated by many at St Simon’s and we were grateful for all that he and his wife Fiona gave to St Simon’s. His self-supporting curacy came to an end in June 2022.

Joe Ammoun started as St Simon’s curate in July 2022. It has been good to welcome him and his wife Zannie and children Florence, Aliza and Johnathan, and see them getting increasingly established. Like our two previous curates, their ministry is much appreciated.

In the summer Anando Mukerjee was recommended for self-supporting ordained ministry and began training at Wycliffe Hall, Oxford. We continued also to benefit from occasional preaching and leading services by George Walker.

viii

Ministry beyond the parish

The Vicar became the Chaplain to The Saddlers Livery Company in July and says prayers at dinners and meetings during the one year of the Chaplaincy. It has been good to get to know members of the Company and not infrequently have conversations about faith.

Mike was invited to speak at some lunchtime services in July held in the Parliamentary Crypt Chapel for any who work in the Palace of Westminster. It was a privilege to be there for Lord Mackay’s (the former Lord Chancellor) final service before he retired from the House of Lords age 95.

Mike was trained as an ‘Assessor’ for candidates for ordination and conducted some interviews as part of the process. He also began to mentor a student at theological college who will serve as a curate in the Kensington Area.

Safeguarding

Safeguarding is central to all our activities. Key information is posted on the St Simon’s website. We have a full programme of training for all staff & volunteers (40 people), and comply with safe recruitment guidelines and DBS legislation. We work closely with the Diocese to ensure our safeguarding procedures are in line with best practice.

FUTURE PLANS

As we look ahead to 2023 we have some important matters before us.

In September we look forward to holding another Church Weekend Away with speaker Rev Andy Mason. We pray for and hope for as encouraging and uplifting a weekend away as we have benefited from previously.

The Church of England proposals to introduce prayers of blessing for those in same-sex relationships raise difficult issues for many, including for the clergy and many congregation members at St Simon’s, who believe that this is a departure from the Biblical and longstanding and universal doctrine of Christian marriage. We will need to develop a new way of relating to the wider Church if these proposals are confirmed.

The clergy of St Simon’s and many members of the PCC and congregation hold to what is known as a complementarian understanding of ministry. That is, while recognising that there is a strong theme of male and female equality in the Scriptures, there has been a long history of believing that the Scriptures teach that the leadership of the church should be male. In view of the appointment of Bishop Emma to the Kensington Area of the Diocese of London, the clergy will be asking the PCC to consider passing a resolution to take advantage of the provision made for those who hold to the traditional teaching. One thing the resolution might request is that St Simon's comes under the episcopal oversight of Bishop Rob Munro, the Bishop of Ebbsfleet and another might be that the future leadership of the church would be male. The clergy welcome comments and questions from the congregation on this matter.

We will continue to negotiate the Church Hall Lease which comes up for renewal in summer 2023.

We hope to repair the north-east corner of the church roof in the summer of 2023.

ix

FINANCE

The analysis below shows the results for unrestricted funds for 2022 compared to the prior year. The positive net movement in funds of £57,083 was much higher than we had forecast and it was only achieved through some generous donations which we had not anticipated.

Income from:
Donations
Charitable activities
Other
Total income
Expenditure
Net incoming resources
Transfers to the Re-ordering Fund
Net movement in funds
Funds at 1 January
Funds at 31 December		 2022
2021
Change
£
£
£
%
224,900
193,053
31,847
16.5%
158,667
159,514
( 847)
-0.5%
3,550
42
3,508
387,117
352,609
34,508
9.8%
330,034
255,262
74,772
57,083
97,347
(40,264)
-
(6,772)
57,083
90,575
(33,492)
393,257
302,682
450,340
393,257

The breakdown of Income from donations (taken from Note 2) shows that all donation categories increased, particularly planned giving.

Planned giving
Collections
Gift Day
Income tax recoverable
Other donations		 2022
2021
Change
£
£
£
%
128,186
110,916
17,270
15.6%
12,032
4,898
7,134
38,660
35,600
3,060
28,405
24,716
3,689
14.9%
17,617
16,923
694
224,900
193,053
31,847
16.5%

Although the proportion of Planned giving made by standing order, our preferred way to receive regular donations, fell slightly to 63% (2021: 69%), this was because other forms of planned giving increased more, particularly some unexpected large single donations. There were also large single donations for Gift Day, as there had been in 2021, though the mix of these donations did change.

Giving in services and at events shown below increased by 85.9% as more people attended in person in 2022 than in 2021. This includes donations at the Messiah concert, weddings and baptisms, and various special services such as the late Queen’s 70[th] Jubilee; this may also reflect increases in Sunday School attendance and Sunday morning service numbers.

Planned giving by envelopes
Collections
Total giving in services		 2022
2021
Change
£
£
£
%
9,307
6,579
2,728
41.5%
12,032
4,898
7,134
145.7%
21,339
11,477
9,862
85.9%

Other donations increased slightly, and we remain grateful for the contribution from Sussex House, reflecting their appreciation for Mike’s ministry to the school.

x

Although Income from charitable activities did not change much overall, Note 3 shows that increased Nursery school income (being a larger contribution to increased energy costs) and Income from weddings and funerals (indicative of more use of the church) largely offset the fact that there was no weekend away in 2022.

We are very grateful to all those who give to St Simon’s as this supports all our ministry.

Details of our expenses for the year are shown in Notes 5 to 8 to the accounts, and the movements are categorised below.

Grants (excl. Happy Home) - Note 7
Direct costs – Note 6
Support costs – Note 6		 2022
2021
Change
£
£
£
%
28,200
27,700
500
1.8%
259,288
193,342
65,946
34.1%
42,546
34,220
8,326
24.3%
330,034
255,262
74,772
29.3%

Philip Stewart finished his curacy in June 2022 and he was self-funding. The PCC wanted a new curate to follow Philip and agreed to fund his replacement as no Diocesan funding was available. After Joe Ammoun was appointed, we began to look for suitable accommodation for him and his family, always preferring somewhere within the parish so that they could be more involved locally. Whether you want to say serendipitously or providentially, how wonderful that circumstances came together for Joe’s and Zannie’s current flat, which allows them to look down on the north side of the church. We are very grateful that their flat has been made available at a very significant discount; it’s still a significant cost for the church, but it’s a price we are very happy to pay for their greater availability for ministry and involvement in parish life.

The most significant movements making up the change in our Direct costs of £65,946 are listed below.

2022
2021
£
£
Support costs for curate
51,805
-
Building development costs
5,590
-
Church and hall heat and light
22,526
13,259
Choir and music
23,025
19,227
Other movements		 Change
£
%
51,805
5,590
9,267
69.9%
3,798
19.8%
(4,514)
65,946

The curate support costs also take account of initial clergy grants, including one for a first appointment, and moving costs, amounting to £6,872. Regular curate expenses were modest.

Building development costs represent architect’s fees for an assessment of possible roof repairs. Energy costs increased by 69.9%, though only 55% of the figures above are borne by the church. Choir and music costs cover a fuller year of services than in 2021 after Covid restrictions eased; they include £1,500 for performers at the Messiah concert in March and the cost of music for weddings and funerals which are paid for by the people organising those services; they also include a reduction in minor repair costs for the organ.

xi

As pointed oul on page 11. the repair costs after the fire at the back of the church in December 2021 were covered by our insurers. apart from our excess of £500,. our insurance premium net increase after this. though y￿ are impiementirwJ our insurers advice to install a locked gate to the gallery ￿then rt is not in use. The most sunificant movement in Support cosls on page 13 is an increase in Staff costs of £3,122. which lafgely re￿esentS addthonal administrative support. The level of grants from unrestricted funds was £28,20012021. £27,700), a grant of £6,000 vras made by the Happy Home Orphanage in January 2023 Ipiease see Note 7). Future plans In 2023. we will have a fvll year of curate SUFVOrt costs. compared to six months ￿ 2022. The PCC has recntly approved modest roof repairs. primarily to the roof abovè thè norttr east corner of the church. vthich we hope will lake place in summer 2023. The PCC has also commissioned architect's plans for an addrtional connecting door from the ¢hurth to the church hall near the front of the church and the removal of some pews in the north aisle,. certainty Ihe fomier is unlikely to be pM)ssible In 2023. The Diiector of Musc for the moming services will obtain quotes for more signtfKant repairs and renewal work on the organ, though the earfiest the K)rk can take place is likely to be in 2024. 11 may be possible lo obtain some grant funding for this work. As noted earlier in this ￿port under Future Plans. we are CQTrtinuiNJ tyjr negotiations to arrange a new lease for the church hall. Our energy costs may rise in 2023 Through the Church of England's collectNe buying agent. we moved to a wmpetrtive short-term fixed quote for gas in November 2022, and we may choose to join the Church of England's col*tive buying sch￿￿ for both gas and eleclriuty later in 2023. R•8•rv•s Pollcy Our reserves policy in recent years has been to keep reserves of approximatety 50% of total expenditure from unTrstricted funds in the previous year. with additional reserves to cover capital expenditure expected in the near ftrture. Using f￿ureS for unrestricted funds as shown above for regular expenditure and fcw fuTrJs Garrie(i forward. the gjfplus ol reseryes above Sook of our regular eXpend[tU￿ is £285.323 (2021. £265,626). As anlicipale s￿n[ficant extra costs lo mainlain our ministry and for repairs and improvements over the next few years, this level of reserves seems reasonable. This reF(fyrt was approved by the PCC on 15 May 2023 and $4ned on thew behalf by.. /tr6vtk Rev'd Mike Newme Cttaimian

ST SIMON ZELOTES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Independent exwnln•rfs veport to th• PCC mombers ol Sl Slmon Zeloios Ilhe church'} I report lo the PCC mernbws on my eXaminat￿n ofthe ac0￿nIS of the chufch foi the year ended 31 D•￿tser 2022. Responsibilltl•• and basis of roport A$ the PCC membefs you are responsible for the preparatw of ￿ accounts in KccKdance with the requiremenis of the Charrties Act 2011 llhe 2011 Acl'l. I report in respect ol my ex￿1￿8￿.0￿ crf the churth's accounts c•ryifjd oul under Sed1￿ 145 of the 2011 Act and in carrwng out my examinats.on I have lollowed the ap[4￿ati1e Direth"ons given by the Charty C¢mmi58ion under ction 1451Sllbl ol the 2011 Aet. Ind•pendent ox•mln•rfs statemenl Since the church'8 9i03s income exceeded £250.000 your examinef must be a member of a body listed in seclion 145 of Ihe 2011 Acl. I confirm Ihat l am qualified to undert•ke the examinaliw because l am 8 memb•r ol In$trtule of Ch8rt¢Ted Accountarts in Engl￿d Wa￿. wlmth is on& oltho listed bods. Your attenlion is drawn lo Ihe fact that the church has pl8pa￿ Ihe accounts in ac¢or(lance with Accounling and Reporling by Chanlies". Statement of Recc¥nmendwY Practv applicat4e to chanties Ple￿￿ng their attounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Aecounling and Reporting by Chanties.. Slalement of Re¢ommeThJ•d Pract￿ w•ued cfi 1 April 2005 which h referred lo in Ihe ¢￿an( wulatths bLrt has been vmhdrawn. l underst•nd that Ihis has boen don8 in order for Ihè Kcounls lo w(NKJe a true and fw'r VI￿ In ac¢tyd•nce with the G•neralty Aecepleé Accounting Pr•dic• eff￿1¥8 l¢Y reporting ￿￿0￿1 beginning or after 1 Januwy 201 I h•ve completed my examination. I confimi Ihat no matter• have come to my att•fit￿ in ¢onnection with the •¥aminalion giwng me cause to bolve that In any m8lenal respect.. accounting recordB wwe not kept in ￿pect cl the church as required by 8ection 130 01 the 2011 Act,. or Ihe accoun18 do not ￿¢01￿ IhLw recrAds." or th• xcounl$ do nol ccmpty vAth Ih• app￿cable r•quir8m•nts ￿l¢eMIng the lonn •nd content of ccounls sol otrt in Ihe Chan1￿ {Acc￿nts and Reports) Regulations 2CIJ8 other than any requirerrnnt th41 the accounls a 'lrue and l•rf not a matter ¢￿sId￿ed as part of •n independent •xamination. I have ¢oncem8 a￿1 h•ve come across rK+ (Aher mlern in c￿ne¢1￿ wilh the examin•tion lo which attent¥￿ should be drawn in this report In order lo enable • wopw understandin9 of the ￿nIS lo be reached. This report is made solely lo the church's PCC members. as a t￿. in a¢¢ordance wrth Part 4 of the Charili IAc¢ounls and Reports) Regulalv)ns 2008. My th has be8n undertaken so that I mighl slate lo the church'¥ PCC mwrb¢rs those matters I ￿ required lo stsle to them in an Indapendenl examine¢s ￿port and for no other purpose. To the fullest extent pemirtled by Ivw. I do not accept or assume responsibilty lo an￿￿e other Ihan the church and the church's PCC members as a body. for my work or for this report. Signed, Richard Hi 16 f Zp23 FCA Griifin Stone Moscrop & Co Chartered Accountants 21 - 27 Lamb's Con¢Jurt Streel London WC1N 3GS Page 1

ST SIMON ZELOTES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
5,805
-
-
5,805
-
-
5,805
1,357
5,805
7,162		 Unrestricted
funds
2022
£
224,900
158,667
3,550
387,117
330,034
330,034
57,083
393,257
57,083
450,340		 Total
funds
2022
£
230,705
158,667
3,550
392,922
330,034
330,034
62,888
394,614
62,888
457,502		 Total
funds
2021
£
201,068
159,514
42
360,624
264,296
264,296
96,328
298,286
96,328
394,614

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 4 to 22 form part of these financial statements.

Page 2

ST SIMON ZELOTES BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Flxed a35et# Tangible assets 8.162 12.637 8,102 12,637 Curr•nt M••ts D•lAor• Short4em dep)•rts Cash at bank and in hand 10 35.506 67.435 313,611 3M.187 133,059 416.552 Credilorn: •nounts falh.ng du8 *ithin crfje 12 131,0981 (34,575) N•1 ¢urr•nt •u•ts 449,340 381,9T7 Totsl amets leu curr•nt Il•blllil 467,602 394.614 N•t •8••1• 467.602 394,614 Net M••ls 467.502 394.614 Ch•flty fund• Re8lrid•d fvnds Unr•8tri¢X•d lund• 13 13 7,162 1,357 393,257 Total fund• 457.502 394,614 The financo181atemenl$ •pproved arnl lor isBuv by t￿ PCC membw¥ •nd signed th￿r beh8M ty: R•Vd Mlke Nevllle (Chair of Trusleesl Date. IS 2015 The not•¥ on pw 4 to 22 fomi part of these financial ststements. Page 3

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

St Simon Zelotes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the church and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 4

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies (continued)

1.3 Income

All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the church has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the church, can be reliably measured.

Donated services or facilities are recognised when the church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the church of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of members of the congregation is not recognised.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the church which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Expenditure on charitable activities is incurred on directly undertaking the activities which further the church's mission, as well as any associated support costs. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 5

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies (continued)

1.5 Tangible fixed assets and depreciation

Consecrated and benefice property of any kind is excluded from the financial statements by section 10(2)(c) of the Charities Act 2011.

No value is placed on moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC, which require a faculty for disposal, since the PCC considers this to be inalienable property. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their anticipated useful economic life on a straight line basis.

All expenditure incurred during the year on consecrated or beneficed buildings or on the repair of movable church furnishings acquired before 1 January 2001 is written off.

Depreciation on equipment used within the church premises is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over the useful economic life on a straight line basis between three and seven years.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash and cash equivalents

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Page 6

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies (continued)

1.10 Financial instruments

The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.11 Pensions

The church operates a defined contribution pension scheme and the pension charge represents the amounts payable by the church to the fund in respect of the year.

2. Income from donations and legacies

Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
Total donations and legacies
Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
Total 2021		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
4,725
128,186
-
12,032
-
38,660
-
17,617
1,080
28,405
5,805
224,900
Restricted
funds
2021
Unrestricted
funds
2021
£
£
6,780
110,916
-
4,898
-
35,600
-
16,923
1,235
24,716
8,015
193,053		 Total
funds
2022
£
132,911
12,032
38,660
17,617
29,485
230,705
Total
funds
2021
£
117,696
4,898
35,600
16,923
25,951
201,068

Page 7

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Income from charitable activities

Unrestricted
funds
2022
£
Weekend away
-
Nursery school income
150,338
Income from weddings, funerals and baptisms
8,329
Total 2022
158,667
Unrestricted
funds
2021
£
Weekend away
7,185
Nursery school income
146,512
Income from weddings, funerals and baptisms
5,817
Total 2021
159,514		 Total
funds
2022
£
-
150,338
8,329
158,667
Total
funds
2021
£
7,185
146,512
5,817
159,514

4. Investment income

Unrestricted
funds
2022
£
Bank Interest
3,550
Unrestricted
funds
2021
£
Bank Interest
42		 Total
funds
2022
£
3,550
Total
funds
2021
£
42

Page 8

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Analysis of expenditure on charitable activities

Summary by fund type

Church and ministry costs
Church hall costs
Total 2022
Church and ministry costs
Church hall costs
Total 2021
Summary by expenditure type
Church and ministry costs
Church hall costs
Total 2022
Church and ministry costs
Church hall costs
Total 2021		 Unrestricted
funds
2022
£
312,036
17,998
330,034
Restricted
funds
2021
Unrestricted
funds
2021
£
£
9,034
240,403
-
14,859
9,034
255,262
Staff costs
2022
Depreciation
2022
Other costs
2022
£
£
£
39,438
5,860
266,738
-
-
17,998
39,438
5,860
284,736
Staff costs
2021
Depreciation
2021
Other costs
2021
£
£
£
35,830
6,450
207,157
-
-
14,859
35,830
6,450
222,016		 Total
2022
£
312,036
17,998
330,034
Total
2021
£
249,437
14,859
264,296
Total
2022
£
312,036
17,998
330,034
Total
2021
£
249,437
14,859
264,296

Page 9

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Analysis of expenditure by activities

Church and ministry costs
Church hall costs
Total 2022
Church and ministry costs
Church hall costs
Total 2021		 Activities
undertaken
directly
2022
£
241,290
17,998
259,288
Activities
undertaken
directly
2021
£
178,517
14,859
193,376		 Grant
funding of
activities
2022
£
28,200
-
28,200
Grant
funding of
activities
2021
£
36,700
-
36,700		 Support
costs
2022
£
42,546
-
42,546
Support
costs
2021
£
34,220
-
34,220		 Total
funds
2022
£
312,036
17,998
330,034
Total
funds
2021
£
249,437
14,859
264,296

Page 10

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Curate's accomodation costs
Curate's stipend
Ministry and training material
Church service expenses
Church events
Insurance
Building development costs
Repairs and maintenance
Running expenses
Other charitable donations
Choir and music
Sound system
Livestreaming and website
Broadband costs
Sundry, including gifts
Total 2022		 Church and
ministry
costs
2022
£
18,634
5,860
90,000
908
14,162
24,929
20,004
1,265
6,253
956
4,125
5,590
4,062
15,445
2,110
23,025
2,175
888
749
150
241,290		 Church hall
costs
2022
£
-
-
-
-
-
-
-
-
-
-
615
-
1,715
15,668
-
-
-
-
-
-
17,998		 Total
funds
2022
£
18,634
5,860
90,000
908
14,162
24,929
20,004
1,265
6,253
956
4,740
5,590
5,777
31,113
2,110
23,025
2,175
888
749
150
259,288

Repairs and maintenance in the current year includes renovation costs of £71,724 to repair the church after a fire at the back of the church in December 2021, less receipts of £71,224 from our insurers. There was no insurance claim in 2021.

The curate's stipend charge includes pension contributions and employer's National Insurance contributions. The standard pension contribution for clergy is at a rate of £10,000 pa (2021: £10,000pa).

Page 11

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Ministry and training material
Church service expenses
Weekend away
Insurance
Repairs and maintenance
Running expenses
Other charitable donations
Choir and music
Sound system
Livestreaming and website
Broadband costs
Total 2021		 Church and
ministry
costs
2021
£
18,148
6,450
90,000
1,089
5,139
662
4,146
9,702
4,352
4,083
10,808
950
19,227
1,686
1,326
749
178,517		 Church hall
costs
2021
£
-
-
-
-
-
-
-
-
649
2,544
11,666
-
-
-
-
-
14,859		 Total
funds
2021
£
18,148
6,450
90,000
1,089
5,139
662
4,146
9,702
5,001
6,627
22,474
950
19,227
1,686
1,326
749
193,376

Page 12

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Printing, postage and stationery
Computer costs
Bank charges
Other parish office costs
Telephone costs
Accounting assistance
Legal and professional
Governance costs - independent examination
Total 2022		 Total
funds
2022
£
20,804
3,884
2,975
683
216
1,067
10,015
430
2,472
42,546		 Total
funds
2021
£
17,682
2,433
1,800
174
149
991
8,491
40
2,460
34,220

Page 13

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of grants

Grants to institutions
Grants to institutions		 Grants to
Institutions
2022
£
28,200
Grants to
Institutions
2021
£
36,700		 Total
funds
2022
£
28,200
Total
funds
2021
£
36,700

The church has made the following material grants to institutions during the year:

Name of institution
Breadline, Eastern Europe
Crosslinks
Elam Ministries
Home for Good
St Barnabas Bible Church, Cape Town
Happy Home Orphanage, Southern India		 2022
£
2,500
3,200
7,500
5,000
10,000
-
28,200
28,200		 2021
£
-
5,200
7,500
5,000
10,000
9,000
36,700
36,700

A grant of £6,000 was made to the Happy Home Orphanage in January 2023.

Page 14

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Staff costs

Wages and salaries
Contribution to defined contribution pension schemes		 2022
£
39,317
121
39,438		 2021
£
35,830
-
35,830

The average number of persons employed by the church during the year was as follows:

Ministry
Administration
Children's Worker		 2022
No.
2
1
1
4		 2021
No.
2
1
1
4

No employee received remuneration amounting to more than £60,000 in either year.

The church employs two Directors of Music, one of whom also gives administrative assistance, a parttime Children's Worker and a Parish Administrator.

The PCC members are considered the key management personnel of the church. The church contributes to the Diocesan Common Fund and the incumbent is remunerated directly by the Diocese.

Page 15

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9. Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Office
equipment
£
35,527
130
35,657
27,101
3,868
30,969
4,688
8,426		 Computer
equipment
£
8,858
1,255
10,113
4,647
1,992
6,639
3,474
4,211		 Total
£
44,385
1,385
45,770
31,748
5,860
37,608
8,162
12,637

Page 16

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Debtors

Due within one year
Other debtors
Prepayments
Income Tax recoverable		 2022
£
10,373
7,062
28,855
46,290		 2021
£
7,934
1,621
25,951
35,506

11. Short Term Deposits

2022 2021
£ £
Short Term Deposits 300,187 67,435

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
2,377
454
152
28,113
31,096		 2021
£
4,566
390
1,000
28,619
34,575

Included within accruals and deferred income is £12,796 of deferred income (2021: £13,796).

Page 17

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Designated Funds
General funds
General Funds
Total Unrestricted funds
Restricted funds
Happy Home Mission
Total of funds		 Balance at 1
January
2022
£
67,435
325,822
393,257
1,357
394,614		 Income
£
3,521
383,596
387,117
5,805
392,922		 Expenditure
£
-
(330,034)
(330,034)
-
(330,034)		 Transfers
in/out
£
230,000
(230,000)
-
-
-		 Balance at
31
December
2022
£
300,956
149,384
450,340
7,162
457,502

The Designated Fund is an unrestricted fund whose assets are primarily held as short term deposits and are available for general use.

The Happy Home Fund is a restricted fund used to sponsor children at the Happy Home Orphanage in Ooty, Tamil Nadu, in Southern India.

Page 18

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Designated Funds
General funds
General Funds
Total Unrestricted funds
Restricted funds
Happy Home Mission
Re-ordering Fund
Total of funds		 Balance at
1 January
2021
£
67,427
235,255
302,682
2,376
(6,772)
(4,396)
298,286		 Income
£
8
352,601
352,609
8,015
-
8,015
360,624		 Expenditure
£
-
(255,262)
(255,262)
(9,034)
-
(9,034)
(264,296)		 Transfers
in/out
£
-
(6,772)
(6,772)
-
6,772
6,772
-		 Balance at
31
December
2021
£
67,435
325,822
393,257
1,357
-
1,357
394,614

The Re-ordering Fund is a restricted fund for the re-ordering of the church, and any residual assets can be used for other church fabric projects. The deficit on the Fund from the recent re-ordering project was cleared by a transfer from General Funds during the year.

Page 19

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2022
£
67,435
325,822
1,357
394,614
Balance at
1 January
2021
£
67,427
235,255
(4,396)
298,286		 Income
£
3,521
383,596
5,805
392,922
Income
£
8
352,601
8,015
360,624		 Expenditure
£
-
(330,034)
-
(330,034)
Expenditure
£
-
(255,262)
(9,034)
(264,296)		 Transfers
in/out
£
230,000
(230,000)
-
-
Transfers
in/out
£
-
(6,772)
6,772
-		 Balance at
31
December
2022
£
300,956
149,384
7,162
457,502
Balance at
31
December
2021
£
67,435
325,822
1,357
Summary of funds - prior year
Designated funds
General funds
Restricted funds
394,614

Page 20

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
-
8,162
7,162
473,274
-
(31,096)
7,162
450,340		 Total
funds
2022
£
8,162
480,436
(31,096)
457,502

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
-
1,357
-
1,357		 Unrestricted
funds
2021
£
12,637
415,195
(34,575)
393,257		 Total
funds
2021
£
12,637
416,552
(34,575)
394,614

16. Operating lease commitments

At 31 December 2022 the church had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
42,000
59,500
101,500		 2021
£
-
-
-

Page 21

ST SIMON ZELOTES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Related party transactions

N Dunhill & Co, a business controlled by Nicholas Dunhill, a PCC Member, charged £9,691 (2021: £8,167) for accountancy services provided to the church for the year. Nicholas also charged £900 through ParcelSpace Ltd, a company he controls, for assistance with website changes, setting up credit card donations and other computer assistance in the year (2021: £147).

Total donations made to the church by PCC members during the year amounted to £25,892 (2021: £22,279), including Gift Aid where appropriate.

An immediate family member of Philip Grundy, a PCC member, is employed by Elam, a charity to which St Simon Zelotes made a donation of £7,500 (2021: £7,500). Philip did not take part in the decision making process for choosing Elam.

Page 22