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One parish, two churches, giving heart and soul to the Chelsea community.

Annual Parochial Church Report Wednesday 17 May, 2023

RECTOR’S REPORT 2022 – APCM 17 May 2023

Is it over?’ seemed to be the question behind so much of what we struggled with in our planning of worship, mission and pastoral care in 2022. Gradually, confidence returned after the worst impact of Covid, although, it must be said that caution and uncertainty has impacted many in our community as they seek to move forward in faith and witness. One very obvious example of this is the use of the common cup. Throughout 2022, as the chalice was reintroduced at the eucharist as a sign of our unity in Christ, the number of communicants receiving from the chalice has slowly increased and by the end of the year almost two thirds of communicants received in this manner. Throughout the year, masks and sanitiser remained available for use in church.

The Parish Church Council met regularly throughout the year and considered a wide range of topics. Some items were information sharing, some reporting, some required detailed discussion and decisions, not least impacting our use of resources. Our contribution to the Common Fund, rightly, one of the largest in the Episcopal Area, is our largest spend but enables not only our parish, but parishes across the Diocese, to sustain the presence of clergy now and into the future. We have been privileged to offer this level of support.

In 2022, along with our hugely successful Summer Programme, reaching 130 local youngsters across three weeks, we were able to introduce an Easter holiday programme of support called StepUp, in which teenagers facing public examinations had opportunity to study together alongside tutors in a range of subjects. Particularly for those who struggled with no quiet place to learn at home, or the need for skilled support in their learning, as well as for those who do not flourish in isolation, this proved enormously positive. Later in the year our flourishing youth group participated in Youth Ministry in Communion events locally and travelled with others for a half-term pilgrimage to Taize, an ecumenical religious community in France.

Children's’ Work too has been revitalised. ABC each Thursday morning at Christ Church is strong and our informal Eucharistic worship for families at 0930 on the first Sunday of the month has seen huge growth, with up to 90 adults and 100 children present at this informal 30 minute eucharist. On the first Thursday of each month, at the weekday eucharist at St Luke’s we have also introduced the opportunity of healing prayer and anointing, which communicants report as beneficial to their sense of wellbeing.

The FodbankClub, every Tuesday morning at St Luke’s Vestry, continues its vital work, serving up to 60 individual guests but who represent somewhere in the region of 200 beneficiaries. Our volunteers, from the church community and beyond, enable this to happen with care, dignity and kindness and our thanks too to local donors and contributors. We have also been delighted to offer space and warmth to a group run weekly by our Neighbourhood Community Support officers, allowing older residents a chance to overcome isolation.

Looking forward from 2022 we are very conscious of the 200th Anniversary of St Luke’s as the new Parish Church of Chelsea in 1824 and have begun planning an exciting programme marking this. Equally we have committed for three years to use some of the legacy money donated to the PIFFER Chapel, in memory of the Punjab Frontier Force marking the presence of regiments around St Luke’s Abbottabad, Pakistan, prior to independence, by returning some of the accrued interest on that fund to that St Luke’s, for their work with children and young girls and peacebuilding, in a scheme designed for us by the Archbishop of Canterbury’s Anglican Communion Fund.

Another distinctive year in the life of St Luke and Christ Church Chelsea, two churches, one parish, putting heart and soul into Chelsea. My thanks, as always, extends to my colleagues, lay and clergy, their families and our volunteers for their support and expertise in making this, and so much more, a daily reality. The Revd Prebendary Dr Brian Leathard, Rector

Church Warden Reports 2022

St Luke’s and Christ Church Chelsea - Churchwardens’ Report

In contrast to the year before, when the lingering remnants of restrictions were still with us, this year has been one in which our parish has gathered together and we have done it well: from Platinum Jubilee street parties to the solemn occasion of the funeral of Elizabeth II. The Summer Fete and Emergency Services Day and the St Nicholas Fair returned to their pre-covid glory with record breaking funds raised for great causes. We have once again started to gather for refreshments after services: a simple act that has done so much to strengthen relationships amongst our congregation.

Our people

We are grateful for our clergy, Father Brian, Father Sam and Father Samuel who have worked tirelessly throughout the year to support our parish in church as well as in the community. We acknowledge their work also serving Christ Church school through leading assemblies and RE lessons. We acknowledge in particular the contribution Father Samuel has made over his three years as curate in our parish. We wish him all the very best in his new role as incumbent of St Andrews, Fulham Fields.

The hardworking office team, John, Tracy, Alicia, Sue, Anna, Brenda and Millie have ensured the efficient and smooth running of our churches on a daily basis as well as supporting a very high volume of special services: weddings, funerals, baptisms and carol services.

So much of the work of the parish is done on a voluntary basis and we acknowledge the time and effort many have gifted, from working for the foodbank to setting up for youth group events. We thank in particular the volunteers who contribute to Sunday Eucharist: the sidespersons, bell-ringers, chalice bearers, readers and intercessors.

Our governance

The Parochial Church Council (PCC) comprising volunteers from our two churches, has continued to meet to consider the life and administration of the parish. In the past year, the PCC has considered new proposals related to living out our parish mission of outreach including a new children’s choir and youth & community worker; ensured ongoing compliance with our safeguarding policy and reviewed various matters relating to both property and staffing including approving our new Staff Handbook.

The PCC has also continued to monitor our financial accounts to ensure good financial stewardship. Unfortunately, over the last year or so, we recognise the growing funding challenges facing our parish – related to the pandemic, cost of living crisis and underlying financial market performance of historical donations. In response, the 2024 St Luke’s celebrations includes a focus on ‘Generous Giving’, led by a small group who will support our planning and ideas for achieving more sustainable financial health for our parish.

Activities

Many benefited from the special talks that were put on throughout this year: the Lent series was ‘Go in Peace to Love and Serve the Lord’ and we were particularly glad to hear from the Melanesian brothers. There was an Autumn series as well as a special series titled ‘Ending Well: Thinking about Death and Dying’. Throughout the year, Fr Sam continued to run the Working Faith group and 14 parishioners also went away for the Douai Abbey retreat. A healing eucharist service was introduced and it has been a special addition to the week.

This is the third year the food bank has run from the vestry of St Luke’s. Regular support for the homeless charity Glass Door has continued through the annual ‘Sleep Out’ event in October.

In the last year, various people from our parish have contributed to two initiatives: the first is the Eco-Church programme which has focused our attention on environmental concerns in our parish. The second is a planning group for next year’s 200th anniversary of the consecration of St Luke’s with a focus on activities and events that promote sustainability, celebrate our heritage and inspire us to generous giving.

Families and young people

We are thankful for the care and support Anna Stamenova has provided for many young people and families in our parish in her role as Children and Youth Ministry Administrator. Thriving Sunday Schools operate out of both churches in term time supported by talented volunteers who maintain the attention of up to 90 children ranging in ages from 3 to 11, each week. The children benefited also from special holiday activities such as trips to local Museums, craft sessions as well as the annual Epiphany party and pancake day party.

The parish’s youth group now encompasses all secondary school students and it has grown considerably under Father Samuel’s leadership and also as it has connected into the Youth Ministry in Communion group. This year, some of our youth group travelled to Taizé in France. The church also ran the annual Summer Programme and a special programme, Step Up, to support those studying for exams.

Due to its popularity, the 9.30am all age services at Christ Church have now increased in frequency to become a monthly offering. The Thursday ABC Toddler group at Christ Church continues to provide a welcoming space for parents and carers to meet socially.

St Luke’s

St Luke’s has continued to celebrate a large number of special services and events including our annual confirmation service presided over by Bishop Martin. We are very grateful for our verger Sue Buchan, supported by her husband Jeff, who ensures the smooth running of all these services and provides a faithful note of our PCC meetings.

For another year, we have been blessed with beautiful music, which underpins so much of our worship, created by our talented choristers, Director of Music, Jeremy Summerly and organist, Rupert Jeffcoat. It’s always risky to single out specific moments but over the last year, particular standouts include the Advent Carol service, Holy Week music series and joint choir (St Luke’s and Christ Church) musical offering for the recent Confirmation service.

Café Portico, although an independent business, continues to provide its quiet and informal ‘gateway’ to the church – its presence allowing St Luke’s to safely remain open through the day while also offering a kind smile to many who need it – whether visitors and patients at the Royal Brompton Hospital across the road or those workers in the area seeking a moment for refreshment.

The renting out of the different spaces of St Luke’s, including the Portico Café and halls, provide a necessary income stream to the parish, funding a proportion of the safe running of the church and community work including the Summer Programme. The PCC monitors this, working to balance fair market rent with maintaining the overall mission of the church. For example, voluntary groups doing community work such as our Scouts group meet for free.

It's always fun to see filming in the church – we welcomed “Call the Midwife”, a big TV blockbuster which took over the front of the church for a few days - and this has provided income for more everyday but vital parish activities.

Christ Church

Christ Church services benefit from talented choristers lead by our music director Gareth Wilson and organist Sam Ali. We appreciate the vital role they all play in leading us in sung worship each week. We are grateful also for our verger, Anna Stamenova and thank her for her continued care of our church and its people.

Simon Nicholls, Robin Morrissey and Nick Clark have, for nearly a year, served us fresh coffee and a bowl of biscuits each week after the 11am service. We are so grateful for their contribution to the life of our church.

Fleur de Villiers, who died earlier this year, was a faithful and well-regarded member of our parish. In her time at Christ Church, she contributed hugely to church life including time as synod member of Chelsea Deanery, church warden, sidesperson and PCC member. We are very grateful for her service and will miss her wise counsel.

Small but vital repairs have been made to the building throughout the year: the pews were sanded and revarnished, a leaking drain pipe replaced, the toilet fixed and the heating control system was upgraded. Volunteers have lent their time to care for the building and its contents: the hymn books were mended by 10 volunteers over two months, a group of mothers and nannies completed a spring clean of the toddler group toys and equipment. As ever, local volunteers continue tirelessly to tend the beautiful North and West gardens; this year they won the ‘Best Roses’ prize from the Chelsea Gardens Guild and the same from the Brighter Kensington and Chelsea Scheme.

The church remains busy throughout the week: Little Rainbows Day Nursery operates out of the vestry and Christ Church school uses the main building for assemblies, meetings and music practices. The tower continues to let out space for radio aerials. Chelsea Chamber Choir have used the church for practices as well as some concerts.

Seeking volunteers

As we conclude our report this year, we refresh the invitation to others to join in. At first glance the volunteer church roles, for example, church warden, sidesperson or intercessor, may appear daunting or ‘not for you’. In reality, many of us with these titles are ‘muddling by’ and learning the ropes from each other! So, if you have a little free time and are happy to lend a hand, please get in touch for a chat and we can see what might work for you.

In conclusion, together as Church Wardens, we pray for our two churches and all in our parish and ask that you pray for us too.

Liz Brutus and Barbara Schwepcke, Nick Smith and Louisa and Jonathan Price

Electoral Roll report

The new roll for the whole parish is now 497 The roll at Christ Church is now 272 and St Luke’s is 225 .

Chelsea Deanery Report 2023

The Chelsea Deanery is a deanery made up of nine parishes from a broad range of traditions and backgrounds, as well as several hospital and school chaplaincies. Currently, the Area Dean is the Revd. Jenny Welsh of St Mary The Boltons, and the Synod Secretary is Joanna Hackett.

Over the last year, the Chelsea Deanery met at Holy Trinity Sloane Square in May, to discuss Mental Health, and especially the importance of good emotional mental health within a church setting.

We then met in November at St. Mellitus College, discussing Confident Discipleship; in particular, we heard from a couple of individuals from unusual backgrounds about their journeys towards ordination. In January, we met at St. Simon Zelotes when the topic for discussion was Refugees, and how they are being made welcome across our Deanery, in so many different ways.

Every time we meet we hear from each individual parish in the Deanery about recent issues and challenges they have faced, and how they have addressed them, hopefully resolving them. The sharing of difficulties and their solutions can be valuable and inspiring for all. Nicola Ellard

Children’s Report January to December 2022

Epiphany Party

In January, after more than a year meeting on Zoom, we finally restarted our amazing Epiphany party. With lots of enthusiasm we celebrated the arrival of the three kings in person again.

Nurturing Your Child’s Spirituality

In early February, we offered two sessions to help all those interested explore tips for nurturing a child’s spirituality. On Zoom with Mary Hawes, National Children's Advisor for the Church of England, and Mariella Ardron, Principal of Chelsea Academy, we explored how parents and other supportive adults might approach this profound responsibility with children from toddler to secondary school age.

Pancake Day

We were pleased to welcome so many people from across our congregation to a Parish Pancake Party on Shrove Tuesday in the vestry at St. Luke’s. The party was very successful, very well attended by adults and children and there were lots of crafts and activities for children. This year’s attendees numbered 100 -110 people, including 45 children.

Family Service

The All-Age Service was renamed the Family Service and takes place at Christ Church at 9:30am on the first Sunday of each month. It is usually about a 30-35 minute service led by the clergy. It is very well received by our community, especially enjoyed by the children and their families, and is always very well attended.

ABC Parent and Toddler Group

We meet at Christ Church on Thursdays from 10.00am –11.30am, including during half-term. We regularly have 25-35 children. This is a chance for them to play, learn about God and build friendships, and for parents and carers to enjoy some time together. The session begins with free play supported by our extensive collection of toys, as well as craft for busy, little hands. We tell a Bible story connected to the craft, sing songs together, and finish with a prayer and a march around the church to the tune “When the saints go marching in”, accompanied by the children on various instruments. We provide refreshments and parents/carers bring biscuits and milk. Newcomers are always welcome, and no booking is required.

Sunday School

We happily returned to the physical children’s attendance. Sunday School usually begins with a simple session of worship modelled on the worship in church. The leader then tells the Bible story for the day, before helping the children to reflect on it through craft and other activities. Sunday School ends with singing and a prayer and children return to church during Communion. Luckily for us we still have very high children’s attendance at both churches as children are enjoying the teaching we provide.

Training Days for Leaders and Helpers

Once a term we continue to have a training day for leaders and helpers. This is to ensure the quality of our Sunday School provision, review what has happened and plan for the coming term. We are happy to say that so far, we have a lovely team of volunteers, who are happy to help and carry on with our wonderful Sunday School programme. However, we are always looking for additional volunteers to join the Sunday School team.

Youth Group

This year the youth group had fun doing lots of different activities during our fortnightly meetings from celebrating birthdays, going on trips to go bowling, playing mini golf in Battersea Park, to having a bonfire night at St. Luke’s and lots more. During our time together, we always had delicious food and refreshments, which we all very much appreciated. After the games, craft, lots of chat, we always ended with a short prayer in the church. In December, our youth group celebrated the end of the year with a

Christmas party at the ice-rink at Battersea Power Station. We had a great a time skating together and managed to avoid any major injuries(!), followed by hot chocolate and mince pies. Now the young people are looking forward to 2023. And we have lots of plans for them already.

S.T.E.P Up

This year for the first time we started S.T.E.P Up (a Studying, Tutoring, and Exam Preparation week) for young people aged 15+ over the first week of the Easter holidays. Based at The Hut on Alpha Place, this programme provided a relaxed and quiet study space for young people preparing for their upcoming summer exams, alongside professional tutoring to aid them in their chosen subjects. The week was a huge success with those who attended. We had 14 young people who enjoyed the tutoring and were very grateful for this special opportunity, we all wish them well in the upcoming exams. A massive thank you to all those who supported this week through financial and practical giving, as well as all your prayers. We will continue with the programme next year.

Youth Ministry in Communion – Trip to Taizé, France

During the October half-term, as part of the Youth Ministry in Communion Network, we took a group of ten young people to Taizé, an ecumenical monastic community in France. Taizé is a thriving community that attracts thousands of young people (aged 15-30) every week. When we visited, we were there with 2,000 other young people from nations across Europe, such as France, Germany, Netherlands, and Italy to name a few! The rhythm of a life together at Taizé consists of prayer and worship three times a day. Unsurprisingly, many of the young people were initially very sceptical about this. But if you ask them now, they will tell you how accessible they found the worship, despite most of the readings and songs were in foreign languages. It was a very moving and transformational experience for all of us - leaders and young people alike. Many of the group have already expressed their desire to go again next year, despite having the intimate experience of a 16-hour journey each way, together on a small coach! In particular, the young people have mentioned how encouraging it was to be with teenage Christians from so many different backgrounds, all gathering to worship together. For each of us there, it was a time to be still and discover the depths of God’s love in Jesus Christ.

Half Term

Children enjoyed lots of activities during year. We had many different art and crafts like making a beautiful collage about the creation of the world that reminded us of the beautiful things God done for us and mosaics with stones, creating wonderful paper flowers and lots more. On our Police Day the officers told the children about the very responsible jobs they do. We also visited the V&A for the first time after the pandemic and children were able to visit the galleries and do lots of drawings. And we never missed the opportunity to have a pizza for lunch after after each morning of fun!

St. Luke’s and Christ Church Summer Programme

The Summer Programme was in full flow again this year, running from Monday to Friday, 9.30-5pm each day. Over 130 children aged 8-13 attended, with a team of older young leader volunteers too, it meant we had over 80 children each day. Alongside a packed programme of arts, crafts, sports, home-cinema, cooking and other activities, the children also went on the high-ropes at Go Ape in Battersea Park, braved the rides at Southend Adventure Island, as well as the rollercoasters and zoo at Chessington! More importantly than all these activities, however, was the real sense that the Summer Programme offered a fun and safe space for the children to grow in friendships and confidence. The 2023 Summer Programme will run from 24 July to 11 August.

Prudential Ride

Two years after the Pandemic, the RideLondon cycling event returned and it was great fun riding across central London. It was wonderful to have parents and their children join in and we all cycled together along the 8-mile traffic free route. We stopped in a festival zone where children participated in a slow cycling competition, while some adults gave interviews for TV channels. We had a break in the lovely gardens of St. Paul’s Cathedral, where children played in the water fountains and this time the adults joined them! Everyone was very enthusiastic and inspired by the energetic atmosphere. We had fantastic experience and if you feel you have missed this amazing ride there is always next year!

Eco Church

Since being awarded our Bronze Eco Church Award, we have been stepping up our efforts to consider how we can better care for God's creation. However, one of the major things we did in June was the Nature Trial. This was a major success with the Sunday Schools, and with a tailor-made session for the Youth Group too! The allocated week coincided with the Queen’s 70th Jubilee Weekend so we aimed to find 70 varieties of God’s creations. Being an inner-city church with relatively small gardens and only the remnants of our graveyard left, we had limited sources. Plus, beginners’ naivety and sometimes over enthusiasm hindered results. Birds and most insects fled from Sunday School children although bees on the lavender attracted tiny fingers. Gardeners mowed the grass two days before obliterating dandelions, daisies and buttercups. The Youth Group and guests at our Jubilee Tea, identified plants, did the Nature Count and followed Treasure Trails. Racing to finish caused difficulties finding clues on gravestones or spying the clusters tiny orange flowers on Honeycomb Buddleia covered with insects. Prizes were packets of wildflower seeds - some of which were scattered on the lawn.

The daffodils the youth group planted in the Autumn of 2021 at St Luke's as part of our response to 'eco church' made the front of the Church brighter and more welcoming and will do for the years to come. Anna Stamenova

The PCC of St Luke’s and Christ Church is a Registered Charity No 1133092

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(Registered Charity No. 1133092)

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS	Page
Legal and administrative information	3
Trustees’ report	4
Independent auditor’s report	9
Statement of financial activities	11
Balance sheet	12
Cash Flow Statement	13
Notes to the accounts	14

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

LEGAL AND ADMINISTRATIVE DETAILS

TRUSTEES The Reverend Prebendary Dr Brian Leathard The Reverend Sam Hole The Reverend Samuel Rylands (Resigned December 2022) Alexander Banbury Elizabeth Brutus Andrew Cameron (Resigned 28 March 2023) Charles Combe Fleur de Villiers (Deceased 7 February 2023) John Ellard Nicola Ellard Elizabeth Watson-Steele Jamie Gibbs (Removed at last APCM) Brenda Hagerty Richard Jordan Tim McKean Aidus McVeigh Jonathan Price Louisa Price Jacqueline Poysden Isabel Sinagola (Resigned 28 March 2023cos) Nicholas Smith Barbara Schwepcke (Appointed 13 May 2022)

CHARITY NUMBER 1133092 PRINCIPAL OFFICE The Parish Office St Luke’s Crypt Sydney Street London SW3 6NH AUDITORS Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Rector’s Report to the Annual Parochial Church Meeting 2022

The Trustees of Parochial Church Council of St Luke’s & Christ Church (PCC) are delighted to presents their report and accounts for the year ended 31st December 2022. The financial statements comply with the Charities Act 2011 and 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 the Republic of Ireland (FRS 102) (effective 1 January 2019)

‘Is it over?’ seemed to be the question behind so much of what we struggled with in our planning of worship, mission and pastoral care in 2022. Gradually, confidence returned after the worst impact of Covid, although, it must be said that caution and uncertainty has impacted many in our community as they seek to move forward in faith and witness. One very obvious example of this is the use of the common cup. Throughout 2022, as the chalice was reintroduced at the eucharist as a sign of our unity in Christ, the number of communicants receiving from the chalice has slowly increased and by the end of the year almost two thirds of communicants received in this manner. Throughout the year, masks and sanitiser remained available for use in church.

Childrens’ Work too has been revitalised. ABC each Thursday morning at Christ Church is strong and our informal Eucharistic worship for families at 0930 on the first Sunday of the month has seen huge growth, with up to 90 adults and 100 children present at this informal 30-minute eucharist. On the first Thursday of each month, at the weekday eucharist at St Luke’s we have also introduced the opportunity of healing prayer and anointing, which communicants report as beneficial to their sense of wellbeing.

The Foodbank Club, every Tuesday morning at St Luke’s Vestry, continues its vital work, serving up to 60 individual guests but who represent somewhere in the region of 200 beneficiaries. Our volunteers, from the church community and beyond, enable this to happen with care, dignity and kindness and our thanks too to local donors and contributors. We have also been delighted to offer space and warmth to a group run weekly by our Neighbourhood Community Support officers, allowing older residents a chance to overcome isolation.

Looking forward from 2022 we are very conscious of the 200th Anniversary of St Luke’s as the new Parish Church of Chelsea in 1824 and have begun planning an exciting programme marking this. Equally we have committed for three years to use some of the legacy money donated to the PIFFER Chapel, in memory of the Punjab Frontier Force marking the presence of regiments around St Luke’s Abbottabad, Pakistan, prior to independence, by returning some of the accrued interest on that fund to St Luke’s, for their work with children and young girls and peacebuilding, in a scheme designed for us by the Archbishop of Canterbury’s Anglican Communion Fund.

The Revd Prebendary Dr Brian Leathard, Rector

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

Total income was £775,503 (2021: £875,986) of which £742,054 (2021: £835,683) was unrestricted. This represented a total decrease of 11% (increase of 37% in 2020). [Restricted income of £33,450 related to special collections and investment income (2021: £40,303).

Total donations of £485k were slightly reduced on 2021 (£514k). Donations via collections and open plate were £50k vs. £25k in 2021, a function of our churches reopening. Planned Giving was approximately £12k lower, which was predominantly due to a one-off donation in 2021. Similarly, legacies and other donations of £40k in 2022 were lower than 2021, which had been particularly high at £99k.

The PCC received grants for the Summer Programme of £17,920 from Young K&C in 2022, which meant a considerably expanded programme, reaching 130 youngsters.

The PCC continues to rely heavily on financial support from the Trustees of the Hall of Remembrance and of St Luke’s Hall (donations received £267k vs. £274k in 2021). Despite this generous support, the PCC still recorded a deficit of £118k before investment losses. The PCC is consequently committed to reducing its reliance on the halls and has been actively looking at ways to both increase its income and urgently reduce its expenditure to achieve this.

Total parish expenditure increased from £773k in 2021 to £860k. This was down to a combination of parish life reopening after the pandemic, a considerable increase in Repairs and Maintenance from £94k in 2021 to £142k in 2022 (mostly for repairs at Christ Church, which was partially funded by the generosity of the trustees of the Hall of Remembrance) and higher utility costs following Russia’s invasion of Ukraine in February 2022.

Music and choir costs rose from £40k in 2021 to £71k in 2022, which was largely as a result of a one-off cost for St Luke’s choir to record a CD. This was funded through a bequest that had been designated for music.

The increase in running costs from £18k in 2021 to £31k in 2022 is partly driven a greater number of parish events and partly due to increased costs of running the St Luke’s summer fair, which correspondingly saw a considerable rise in income from 2021.

Much of the increase in Other Ministry Costs (from £25k in 2021 to £38k in 2022) was due to an expanded Summer Programme which, as noted above, drew in 130 children over a 3-week period. This was funded through a variety of grants as well as donations from the halls.

The parish's major recurring expense is its contribution of £191,580 (2021: £186,000) to the Common Fund, which is money given by every parish to provide and support clergy, and to further the London Diocese’s work in every parish.

Although the majority of our Common Fund contribution returns to the PCC as clergy stipends and other support, as a wealthier parish we pay about 30% more than our ‘Parish Standard Cost’. In doing so our churches in Chelsea help other parishes that are less able to meet their Common Fund costs continue to spread the Good News.

The balances on restricted funds, and an explanation of the purposes of each fund, is shown in the notes to the Financial Statements.

Reserves policy

It is the PCC’s policy to maintain a balance on unrestricted funds which equates to six months of unrestricted expenditure. It is held to smooth out fluctuations in cash flow, to cover management and administration and to respond to any major expenditure that may arise.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

This policy ensured that when Covid-19 closed our churches to physical worship, our PCC has been able to develop new ways of worshiping together and continue to support our parish activities, pay parish office staff salaries, and remain up to date with Common Fund payments.

At the end of 2022 the PCC currently has £433,200 (2021: £553,947) in unrestricted free reserves and believes this is sufficient to meet this reserves policy. The PCC also notes that in 2022 the trustees of the two church halls have continued to be generous supporters of our parish’s activities, the costs of which are not met by congregational giving and other PCC income. As noted below, the PCC is in the process of bringing the halls into the Parochial Church Council during 2023, which will further strengthen reserves.

Pay policy

The PCC commits to paying at least the London Living wage and encourages its suppliers and contractors to do the same. When setting pay levels and in accordance with a decision taken by the PCC on 7[th] November 2019 the PCC expects that pay rates would normally be increased by the September RPI multiplied by 1.25, subject to the RPI being below 5%, with increases applying from the beginning of the next calendar year.

Clergy stipends are paid by the Diocese of London to which the church contributes through its Common Fund contributions.

The Curate lives in accommodation provided by St Luke’s Hall trustees, the costs of which are shared between our two churches. PCC Trustees and the Rector are considered key management roles and are not remunerated by the PCC. The Parish is committed to providing equal opportunities in employment.

Volunteers

It would not be possible for the PCC to operate as efficiently as it does without the number of volunteers that give up their time so willingly to make it possible for the PCC to stage its activities and carry out its objectives. These are too numerous to mention individually here but we would like to thank all volunteers who work so hard to make the churches within the parish the lively and vibrant community that it is. This help comes in so many and varied forms that it is not possible to place a financial worth on the time donated.

The principal risks and uncertainties identified by the charity are as follows:

Risk identified	Action taken to mitigate the risk
Fire damage to churches	Appropriate levels of insurance cover to rebuild after damage. Fall- back plans to use the halls or rent another building while work is taking place so that church services can continue.
Severe damage to halls that renders them unusable and leads to loss of income	Hall trustees have increased insurance cover for loss of income over a sustained period due to fire or building damage.
Safeguarding concerns	A safeguarding policy adopted by the PCC and reviewed annually is displayed in both Parish churches. Two safeguarding officers have been appointed for the Parish, with appropriate training provided by a third-party provider.
Burglary and forced entry, staff personal safety	Shield personal alarms are supplied to all staff. A lock up procedure has been adopted in the Parish office to ensure the building is secured and alarmed when unoccupied. Motion-sensor safetylights have been installed.
Counting and banking of cash	A policy has been adopted to secure cash donations after services/concerts. Counters always act in pairs, supervise each other in varying combinations and record and sign for the total to be banked.
Cyber risk including loss of data, hacking, theft of funds	Computer software is updated regularly. All staff are trained to deal with phishing and similar scams. GDPR and actions required in the event of a breach are a standingitem for staff meetings at regular intervals.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

Continuance of the Covid-19 pandemic Cost control and forward cash flow planning; providing new avenues of congregational giving; online services; broadening range of contacts with parishioners.

Investment Policy and Objectives

The Investment Strategy is set by the Trustees. Currently, it is the policy of the Trustees to invest the bulk of cash on deposit with the CBF Church of England Deposit Fund and CAF Bank. Other balances are held on deposit with NatWest Bank Plc and Lloyds Bank Plc. Restricted Fund Investments are mainly held in Unit and Investment Trusts managed either by the CBF Church of England, or by professional fund managers as permitted by the relevant Acts and the Charity Commission guidelines.

The overall objective of the fund managers is to maintain an appropriate level of risk whilst retaining the real value of capital through long-term investments. Reports are received quarterly from the fund managers and the Treasurer meets annually and discusses the performance with the fund managers.

Church Halls

During the financial year, both the PCC and the trustees of the two halls agreed to bring the halls into the Parochial Church Council, and this was approved by the Charity Commission during 2022. The process should conclude in the 2023 financial year.

Auditors

Haysmacintyre LLP has expressed their willingness to continue in office as auditors. A resolution proposing that Haysmacintyre LP be reappointed as audits of the charity for the forthcoming year will be put to members at the Annual General Meeting.

Public Benefit

The Charity confirms that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance and have referred to the Charity Commission’s general guidance on public benefit when reviewing aims and objectives and in planning future activities.

Objects and governance structure

The charity is established by a trust deed dated 29 June 1918. The object of the charity is to promote the whole mission of the Church in the ecclesiastical parish.

PCC members (trustees) are appointed in line with the Church Representation Rules, and include the incumbent, the associate vicar, the curate, churchwardens, and members elected by those members of the congregation who are on the electoral roll of the two churches. New members receive training in the workings of the PCC.

Future Plans

The PCC continues to regularly review all aspects of its work and engage with the local community. The Trustees will be looking at some key areas over the next 12 months:

Making the most of operational facilities and increasing income
Welcoming newcomers and encouraging others to visit and attend services
Reviewing and considering our range of activities with a view to extending and improving the PCC's work in the local community
Working towards a bronze Eco Church Award, which is an environmental award scheme for churches in England and Wales.

Fundraising

The PCC does not solicit funds via phone, email, direct mail or by using third party commercial fundraisers and does not fundraise via a general call for support. Funds are instead raised via the congregations and events held at the churches and halls. The Charity is committed to being accountable and responsible and if its fundraising approach changes in the future, the Charity will register with the UK fundraising regulator.

The Charity did not receive any complaints about fundraising activity during 2022.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Make judgements and estimates that are reasonable and prudent.
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are 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 accounts comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the trust deed. 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.

On behalf of the board of Trustees and dated:

B Leathard

…………………………………………… The Reverend Prebendary Dr B Leathard Trustee

Date: 18 October 2023

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

Independent auditor’s report to the trustees of The Parish Church of Chelsea: St Luke’s & Christ Church

Opinion

We have audited the financial statements of The Parochial Church Council of St Luke’s and Christ Church Chelsea for the year-ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow statement, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

give a true and fair view of the state of the charity’s affairs as at 31 December 2022 and of the charity’s net movement in funds for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

adequate accounting records have not been kept by the charity; or
sufficient accounting records have not been kept; or
the charity financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees for the financial statements

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to charity law and regulation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Charities Act 2011 and consider other factors such as relevant taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to manual accounting journals. Audit procedures performed by the engagement team included:

Inspecting correspondence with regulators and tax authorities;
Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
Evaluating management’s controls designed to prevent and detect irregularities;
Identifying and testing journals, in particular unusual items; and
Challenging assumptions and judgements made by management in their critical accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

Haysmacintyre LLP 10 Queen Street Place Statutory Auditors London Date: 27 October 2023 EC4R 1AG

Haysmacintyre LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2022	2022	2022	2021
	Notes	£	£	£	£
INCOME:
Donations & Legacies		463,073	22,320	485,393	513,990
Activities for generating funds		276,034	-	276,034	345,549
Investments		-	11,130	11,130	10,067
Church Activities		2,946	-	2,946	6,380
		-------------------	-------------------	-------------------	-------------------
Total income	2	742053	33,450	775,503	875,986
		-------------------	-------------------	-------------------	----------------
EXPENDITURE:
Church Activities		860,880	30,284	891,164	772,994
		------------------	-------------------	-------------------	-------------------
Total Expenditure	3	860,880	30,284	891,164	772,994
		-------------------	-------------------	-------------------	-------------------
Net (expenditure) before
gains		(118,827)	3,166	(115,661)	102,992
(Loss)/Gains on investment assets	6	-	(89,674)	(89,674)	58,780
Transfers between funds		-	-
				-	-
		-------------------	-------------------	-------------------	-------------------
Net movement in funds		(118,827)	(86,508)	(205,335)	161,772
Reconciliation of funds:
Total funds brought forward		553,947	618,321	1,172,268	1,010,496
		-------------------	-------------------	-------------------	-------------------
Total funds carried forward		435,120	531,813	966,933	1,172,268
		=========	=========	=========	=========

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 14 to 22 form part of the financial statements.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2022

			2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Fixed Assets	5		-		-
Investments	6		436,468		528,441
			----------------------		----------------------
TOTAL FIXED ASSETS			436,468		528,441
			==========		==========
CURRENT ASSETS
Debtors	7	76,526		60,993
Cash at bank and in hand		548,106		625,427
		------------------		------------------
		624,632		686,420
Liabilities:
Creditors: amounts falling due within
one year	8	(94,165)		(42,593)
		------------------		------------------
NET CURRENT ASSETS			530,467		643,827
			----------------------		----------------------
TOTAL ASSETS LESS CURRENT
LIABILITIES			966,935		1,172,268
			==========		==========
Restricted income funds	9		523,299		618,321
Unrestricted funds
- General			229,835		323,947
- Designated for restoration			30,000		30,000
- Designated for music			183,801		200,000
			-----------------------		-----------------------
TOTAL CHARITY FUNDS			966,935		1,172,268
			===========		===========

The notes on pages 14 to 22 form part of the financial statements.

18 October 2023

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

B Leathard

…………………………………………… The Reverend Prebendary Dr B Leathard Trustee

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

CASH FLOW STATEMENT

AS AT 31 DECEMBER 2022

		2022	2021	2021
	£	£	£	£
Cash flows from operating activities:
*Net cash provided by/ (used in) by operating activities*		(90,750)		74,211
Cash flows from investing activities:
Purchase of investments	(32,906)		(28,135)
Sale of investments	39,041		20,533
Movement in investment cash		8,434	10,289
Dividends and interest	11,130		10,067
	------------------		------------------
*Net cash inflow from investing activities*		13,429		12,754
		--------------------		--------------------
Change in cash and cash equivalents in the year		(77,321)		86,965
		--------------------		--------------------
Cash and cash equivalents at the beginning of the year		625,427		538,462
Cash and cash equivalents at the end of the reporting period		548,106		625,427
		=========		=========
Reconciliation of net movements in funds to net cash flow from operating activities
			2022	2021
			£	£
Net (expenditure)/income for the year
(as per the statement of financial activities)			(115,661)	102,992
Net movement in funds for the year (as per the statement
of financial activities)
Adjustments for:
Depreciation charges			-	-
Interest and dividends			(11,130)	(10,067)
(Increase)/decrease in debtors			(15,533)	17,171
Increase/(decrease) in creditors			51,574	(35,885)
			--------------------	--------------------
Net cash inflow/(outflow) from operating activities			(90,750)	74,211
			=========	=========
Analysis of cash and cash equivalents			2022	2021
			£	£
Cash held in current accounts and short-term deposits			548,106	625,427
			==========	=========

No statement of changes in net debt and been presented as the charity has no borrowings and consequently no net debt.

The notes on page 14 to 22 form part of the financial statements.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements have been prepared in accordance with the Charities Act 2011 together with the 'Statement of Recommended Practice' for Charities (SORP, second edition), and the applicable accounting standard (FRS102).

The financial statements include all transactions, assets, and liabilities for which the Parochial Church Council (PCC) is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body or those which are informal gatherings of church members.

Consolidation

The financial statements aggregate the activities for the Parochial Church Council as well as the Christ Church DCC and St Luke's DCC as they are considered to be the same entity by the diocese.

The two halls (Hall of Remembrance and St Luke's Hall) are not included in the consolidation as the management and trustees of the Halls consider these two as separate entities. However, during the financial year, both the PCC and the Trustees of the two halls agreed to bring the halls into the Parochial Church Council and this was approved by the Charity Commission during 2022. The process should conclude in the 2023 financial year.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity, and the continued commitment from the halls, to be able to continue as a going concern.

Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be use in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost 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.

Income

All income is included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees' Annual Report.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity; however, it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES (continued)

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably, it is categorised under the following headings:

Expenditure on charitable activities includes salaries and expenses relating to the running of the PCC, choir, Sunday school and other activities.
Other expenditure represents those items not falling into the categories above; and
Irrecoverable VAT is charged as an expense against the charity for which expenditure arose.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

The Diocesan common fund is accounted for when payable, and any common fund unpaid at the balance sheet date is shown as a creditor.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Tangible fixed assets

Fixed assets over £2,000 are capitalised and depreciated over their useful life as follows: Fixtures and fittings: Straight line over 3 years.

Consecrated and benefice property is excluded from the accounts by virtues of the exemption claimed by the Church of England under s.10(2)(a)(c) of the Charities Act 2011.

All expenditure incurred during the year on consecrated buildings and movable church furnishing, whether maintenance or improvement, is written off as expenditure in the year in which it is incurred.

Consecrated land and buildings and moveable church furnishings

Consecrated and benefice property is excluded from the accounts by virtues of the exemption claimed by the Church of England under s.10(2)(a)(c) of the Charities Act 2011. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC consider this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable furnishings, whether maintenance or improvements, is written off as incurred.

Investments

Fixed assets investments are stated at market value with changes recognised in 'net gains/(losses) on investments' in the SOFA.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES (continued)

Debtors

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

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

Financial Instruments

The charity 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.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

2.	INCOME AND ENDOWMENTS	Unrestricted funds	Restricted funds	Total	Total
				2022	2021
		£	£	£	£
2(a)	Donations & legacies
	Planned giving:
	Gift Aid donations	69,206	-	69,206	81,337
	Collections:
	Collections and Open plate	49,847	-	49,847	24,678
	Special Collections	17,507	-	17,507	19,375
	Tax recoverable:
	Tax recoverable	19,902	-	19,902	11,821
	Grants and Legacies:
	Legacies and other	39,815	-	39,815	98,735
	Hall Donations	266,796	-	266,796	274,183
	Foodbank	-	4,380	4,380	3,861
	Summer Programme	-	17,940	17,940	-
		-----------------	------------------	-----------------	-----------------
		463,073	22,320	485,393	513,990
		-----------------	------------------	-----------------	-----------------
2(b)	Activities for generating funds
	Summer Fete and Christmas bazaar	20,801	-	20,801	13,240
	Church and other rentals	243,025	-	243,025	306,059
	Car Parking	12,208	-	12,208	26,250
		-----------------	------------------	-----------------	-----------------
		276,034	-	276,034	345,549
		-----------------	------------------	-----------------	-----------------
2(c)	Income from investments
	Dividends and interest	-	11,130	11,130	10,067
		-----------------	------------------	-----------------	-----------------
		-	11,130	11,130	10,067
		-----------------	------------------	-----------------	-----------------
2(d)	Income from church activities
	Other Church Activities	2,946	-	2,946	6,380
		-----------------	-----------------	-----------------	-----------------
		2,946	-	2,946	6,380
		-----------------	-----------------	-----------------	-----------------
	Total income	742,054	33,450	775,504	875,986
		=========	=========	=========	=========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
3.	EXPENDITURE				2022	2021
		£	£	£	£	£
3(a)	Church activities	Direct Cost	Support Cost
	Donations paid	8,484	-	-	8,484	8,598
	Parish Expenses:
	Running Costs	30,870	-	-	30,870	18,249
	Repairs and Maintenance	141,626	-	-	141,626	94,043
	Music & Choir Costs	71,034	-	-	71,034	39,761
	Sunday School Costs	6,473	-	-	6,473	3,529
	Parish Magazine Costs	11,266	-	-	11,266	9,601
	Diocesan Common fund	191,580	-	-	191,580	186,000
	Printing and Stationery	-	24,166	-	24,166	20,876
	Computer Costs	-	7,033	-	7,033	27,827
	Insurance	-	28,047	-	28,047	27,894
	Churchyard Upkeep	7,367	-	-	7,367	4,130
	Other Ministry Costs	11,928	-	-	11,928	5,819
	Summer Programme	-	-	26,455	26,455	19,380
	Curate Costs	-	-	-	-	20,069
	Cleaning	-	44,853	-	44,853	41,699
	Staff Salaries Cost	126,254	-	-	126,254	127,355
	Accountancy	-	28,110	-	28,110	25,620
	Audit Remuneration	-	14,310	-	14,310	12,000
	Legal & Professional	-	11,292	-	11,292	7,065
	Chancel Costs	2,904		-	2,904	2,465
	Utilities & Rates	-	50,552	-	50,552	33,503
	Telephone & Internet	-	8,521	-	8,521	8,374
	Bank Charges	-	4,560	-	4,560	3,073
	Bad Debt	-	-	-	-	1,592
	Other Costs	-	2,865	-	2,865	1,512
		-----------------	----------------	-----------------	-----------------	----------------
		609,786	224,309	26,455	860,550	750,034
		-----------------	-----------------	------------------	--------------------	-------------------
	Other:
	Special collections paid	-	-	17,603	17,603	14,401
	Foodbank	-	-	12,681	12,681	8,559
		----------------	------------------	------------------	-----------------	------------------
					-
	Total expenditure	609,786	224,309	56,739	890,834	772,994
		=========	=========	=========	=========	========

Included in Support costs are Governance costs totalling: £25,932 (2021: £19,605)

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

EMPLOYEES	2022	2021
	Number	Number
Number of employees
The average monthly number of employees during the year was:
All employees	6	7
	=========	=========
	£	£
Employment costs
Wages and salaries	114,172	112,047
Social security	5,016	8,662
Other pension costs	7,066	6,646
	----------------	----------------
	126,254	127,355
	========	========

There were no employees whose annual remuneration was £60,000 or more. The total remuneration and benefits of the key management was £Nil (2021-£Nil). The key management comprises the Trustees and Rector who are not remunerated by the PCC.

5. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Furnishings	2022
	and Equipment	Total
	£	£
Cost or Valuation
At 1 January 2022	21,478	21,478
Additions	-	-
	-----------------	-----------------
As 31 December 2022	21,478	21,478
	========	========
Depreciation
At 1 January 2022	21,478	21,478
Charge for the year	-	-
	-----------------	-----------------
At 31 December 2022	21,478	21,478
	========	========
Net Book Value
At 31 December 2022	-	-
	========	========
At 31 December 2021	-	-
	========	========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	FIXED ASSET INVESTMENTS		Listed
			Investments
			£
	Market value at 1 January 2022		528,441
	Additions at cost		32,906
	Disposals proceeds		(39,041)
	Realised and unrealised gains and losses		(89,674)
	Movement in investment cash		8,434
	Other		1,537
			-------------------
	Market value at 31 December 2022		436,468
			=========
7.	DEBTORS	2022	2021
		£	£
	Trade debtors	17,141	18,652
	Other debtors	59,385	42,341
		----------------	----------------
		76,526	60,993
		========	========
8.	CREDITORS: amounts falling due within one year	2022	2021
		£	£
	Trade creditors	52,089	12,684
	Accruals and deferred income	23,367	10,048
	Other creditors	18,709	19,861
		----------------	----------------
		94,165	42,593
		========	========

9. RESTRICTED FUNDS

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

	Balance as	Balance as		Movement in funds	Movement in funds	Movement in funds	Balance at
	at	1 January	Income	Expenditure	Unrealised		31 December
		2022			Gain	Transfers	2022
		£	£	£	£	£	£
Restoration fund		611,045	11,130	-	(89,674)	-	532,501
Special collections		276	17,507	(17,603)	-	-	180
Foodbank		7,000	4,380	(12,681)	-	-	(1,301)
Summer Programme		-	17,940	(26,455)	-	-	(8,515)
	---------------------		------------------	------------------	--------------------	------------------	---------------------
		618,321	51,390	(56,739)	(89,674)	-	523,298
	===========		=========	=========	=========	=========	===========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

9. RESTRICTED FUNDS (continued)

Prior Year 2021	Balance as		Movement in funds	Movement in funds	Movement in funds	Balance at
	at 1 January	Income	Expenditure	Unrealised		31 December
	2021			Gain	Transfers	2021
	£	£	£	£	£	£
Restoration fund	542,198	10,067	-	58,780	-	611,045
Special collections	-	23,236	(22,960)	-	-	276
Foodbank	-	7,000	-	-	-	7,000
	---------------------	------------------	------------------	--------------------	------------------	---------------------
	542,198	40,303	(22,960)	58,780	-	618,321
	===========	=========	=========	=========	=========	===========

Restoration Fund : This fund was initiated to provide resources for any future restoration and repair to the fabric of the church building at St Luke’s. The church building at St Luke’s is Grade I listed.

Special Collections : From time to time both churches make collections for specific charitable organisations, following religious services, on its own behalf and for other parties. These specific collections are accounted for separately and are paid over during the year to the nominated charities.

Foodbank : This fund represents amounts towards providing a Foodbank received in 2022 and to be expended subsequently.

ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022	Unrestricted	Restricted	Total
	£	£	£
Fund balances at 31 December 2022 are represented by:
Fixed Assets	-	-	-
Investments	-	436,468	436,468
Current assets	624,632	-	624,632
Creditors: amounts falling due within one year	(94,165)	-	(94,165)
	-----------------	---------------	---------------
	530,467	436,468	966,935
	========	=======	=======
ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021	Unrestricted	Restricted	Total
	£	£	£
Fund balances at 31 December 2021 are represented by:
Fixed Assets	-	-	-
Investments	-	528,441	528,441
Current assets	596,540	89,880	686,420
Creditors: amounts falling due within one year	(42,593)	-	(42,593)
	------------------	------------------	------------------
	553,947	618,321	1,172,268
	=========	=========	========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTIES

The PCC of St Luke and Christ Church Chelsea has related parties in the forms of Christ Church Chelsea Hall of Remembrance and St Luke's Chelsea Church Hall. During the year the charity received monthly voluntary Donations from St Luke’s Chelsea Church Hall totalling £86,960 (2021: £105,463).

The charity received monthly voluntary Donations from Christ Church Chelsea Hall of Remembrance totalling of £179,836 (2021: £168,720).

12. STATEMENT OF FINANCIAL ACTIVITIES FOR PRIOR YEAR

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2021	2021	2021
	Notes	£	£	£
INCOME:
Donations & Legacies		483,754	30,236	513,990
Activities for generating funds		345,549	-	345,549
Investments		-	10,067	10,067
Church Activities		6,380	-	6,380
		-------------------	-------------------	-------------------
Total income	2	835,683	40,303	875,986
		-------------------	-------------------	-------------------
EXPENDITURE:
Church Activities		750,034	22,960	772,994
		-------------------	-------------------	-------------------
Total Expenditure	3	750,034	22,960	772,994
		-------------------	-------------------	-------------------
Net (expenditure) before
gains		85,649	17,343	102,992
Gains on investment assets	6	-	58,780	58,780
Transfers between funds		-	-
				-
		-------------------	-------------------	-------------------
Net movement in funds		85,649	76,123	161,772
Reconciliation of funds:
Total funds brought forward		468,298	542,198	1,010,496
		-------------------	-------------------	-------------------
Total funds carried forward		553,947	618,321	1,172,268
		=========	=========	=========

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

(Registered Charity No. 1133092)

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS	Page
Legal and administrative information	3
Trustees’ report	4
Independent auditor’s report	9
Statement of financial activities	11
Balance sheet	12
Cash Flow Statement	13
Notes to the accounts	14

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

LEGAL AND ADMINISTRATIVE DETAILS

CHARITY NUMBER 1133092 PRINCIPAL OFFICE The Parish Office St Luke’s Crypt Sydney Street London SW3 6NH AUDITORS Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Rector’s Report to the Annual Parochial Church Meeting 2022

Looking forward from 2022 we are very conscious of the 200th Anniversary of St Luke’s as the new Parish Church of Chelsea in 1824 and have begun planning an exciting programme marking this. Equally we have committed for three years to use some of the legacy money donated to the PIFFER Chapel, in memory of the Punjab Frontier Force marking the presence of regiments around St Luke’s Abbottabad, Pakistan, prior to independence, by returning some of the accrued interest on that fund to St Luke’s, for their work with children and young girls and peacebuilding, in a scheme designed for us by the Archbishop of Canterbury’s Anglican Communion Fund.

The Revd Prebendary Dr Brian Leathard, Rector

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

The PCC received grants for the Summer Programme of £17,920 from Young K&C in 2022, which meant a considerably expanded programme, reaching 130 youngsters.

While we saw an increase in church rentals as Covid-19 restrictions eased, overall rental income decreased from £306k to £243k as the contract for the Covid-19 testing facility in the grounds of St Luke’s came to an end in March 2022. This had contributed £111k of income and £33k in the 2021 and 2022 financial years respectively, and provided a great deal of support to our finances during the pandemic. Our car parking income also reduced by approximately half due to tenants’ reduced requirements, however income from the Crypt offices remained stable. The PCC continues to rely heavily on financial support from the Trustees of the Hall of Remembrance and of St Luke’s Hall (donations received £267k vs. £274k in 2021). Despite this generous support, the PCC still recorded a deficit of £118k before investment losses. The PCC is consequently committed to reducing its reliance on the halls and has been actively looking at ways to both increase its income and urgently reduce its expenditure to achieve this.

The balances on restricted funds, and an explanation of the purposes of each fund, is shown in the notes to the Financial Statements.

Reserves policy

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

Pay policy

Clergy stipends are paid by the Diocese of London to which the church contributes through its Common Fund contributions.

Volunteers

The principal risks and uncertainties identified by the charity are as follows:

Risk identified	Action taken to mitigate the risk
Fire damage to churches	Appropriate levels of insurance cover to rebuild after damage. Fall- back plans to use the halls or rent another building while work is taking place so that church services can continue.
Severe damage to halls that renders them unusable and leads to loss of income	Hall trustees have increased insurance cover for loss of income over a sustained period due to fire or building damage.
Safeguarding concerns	A safeguarding policy adopted by the PCC and reviewed annually is displayed in both Parish churches. Two safeguarding officers have been appointed for the Parish, with appropriate training provided bya third-party provider.
Burglary and forced entry, staff personal safety	Shield personal alarms are supplied to all staff. A lock up procedure has been adopted in the Parish office to ensure the building is secured and alarmed when unoccupied. Motion-sensor safetylights have been installed.
Counting and banking of cash	A policy has been adopted to secure cash donations after services/concerts. Counters always act in pairs, supervise each other in varying combinations and record and sign for the total to be banked.
Cyber risk including loss of data, hacking, theft of funds	Computer software is updated regularly. All staff are trained to deal with phishing and similar scams. GDPR and actions required in the event of a breach are a

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

	standingitem for staff meetings at regular intervals.
Continuance of the Covid-19 pandemic	Cost control and forward cash flow planning; providing new avenues of congregational giving; online services; broadening range of contacts withparishioners.

Investment Policy and Objectives

Church Halls

Auditors

Public Benefit

Objects and governance structure

The charity is established by a trust deed dated 29 June 1918. The object of the charity is to promote the whole mission of the Church in the ecclesiastical parish.

Future Plans

The PCC continues to regularly review all aspects of its work and engage with the local community. The Trustees will be looking at some key areas over the next 12 months:

Making the most of operational facilities and increasing income
Welcoming newcomers and encouraging others to visit and attend services
Reviewing and considering our range of activities with a view to extending and improving the PCC's work in the local community
Working towards a bronze Eco Church Award, which is an environmental award scheme for churches in England and Wales.

Fundraising

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

The Charity did not receive any complaints about fundraising activity during 2022.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Make judgements and estimates that are reasonable and prudent.
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

On behalf of the board of Trustees and dated:

…………………………………………… The Reverend Prebendary Dr B Leathard Trustee

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

Independent auditor’s report to the trustees of The Parish Church of Chelsea: St Luke’s & Christ Church

Opinion

In our opinion, the financial statements:

give a true and fair view of the state of the charity’s affairs as at 31 December 2022 and of the charity’s net movement in funds for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

adequate accounting records have not been kept by the charity; or
sufficient accounting records have not been kept; or
the charity financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees for the financial statements

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s responsibilities for the audit of the financial statements

Inspecting correspondence with regulators and tax authorities;
Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
Evaluating management’s controls designed to prevent and detect irregularities;
Identifying and testing journals, in particular unusual items; and
Challenging assumptions and judgements made by management in their critical accounting estimates.

Use of our report

Haysmacintyre LLP Statutory Auditors Date:

10 Queen Street Place London EC4R 1AG

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2022

Haysmacintyre LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

		Unrestricted	Restricted	Total	Total	Total
		Funds	Funds	Funds	Funds
		2022	2022	2022		2021
	Notes	£	£	£		£
INCOME:
Donations & Legacies		463,073	22,320	485,393		513,990
Activities for generating funds		276,034	-	276,034		345,549
Investments		-	11,130	11,130		10,067
Church Activities		2,946	-	2,946		6,380
		-------------------	-------------------	-------------------	-------------------
Total income	2	742053	33,450	775,503		875,986
		-------------------	-------------------	-------------------	----------------
EXPENDITURE:
Church Activities		860,880	30,284	891,164		772,994
		------------------	-------------------	-------------------	-------------------
Total Expenditure	3	860,880	30,284	891,164		772,994
		-------------------	-------------------	-------------------	-------------------
Net (expenditure) before
gains		(118,827)	3,166	(115,661)		102,992
(Loss)/Gains on investment assets	6	-	(89,674)	(89,674)		58,780
Transfers between funds		-	-
				-		-
		-------------------	-------------------	-------------------	-------------------
Net movement in funds		(118,827)	(86,508)	(205,335)		161,772
Reconciliation of funds:
Total funds brought forward		553,947	618,321	1,172,268		1,010,496
		-------------------	-------------------	-------------------	-------------------
Total funds carried forward		435,120	531,813	966,933		1,172,268
		=========	=========	=========	=========

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 14 to 22 form part of the financial statements.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2022

			2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Fixed Assets	5		-		-
Investments	6		436,468		528,441
			----------------------		----------------------
TOTAL FIXED ASSETS			436,468		528,441
			==========		==========
CURRENT ASSETS
Debtors	7		76,526		60,993
Cash at bank and in hand			548,106		625,427
		------------------		------------------
			624,632		686,420
Liabilities:
Creditors: amounts falling due within
one year	8		(94,167)		(42,593)
		------------------		------------------
NET CURRENT ASSETS			530,465		643,827
			----------------------		----------------------
TOTAL ASSETS LESS CURRENT
LIABILITIES			966,933		1,172,268
			==========		==========
Restricted income funds	9		531,813		618,321
Unrestricted funds
- General			221,319		323,947
- Designated for restoration			30,000		30,000
- Designated for music			183,801		200,000
			-----------------------		-----------------------
TOTAL CHARITY FUNDS			966,933		1,172,268
			===========		===========

The notes on pages 14 to 22 form part of the financial statements.

The accounts were approved by the Trustees on 2023 and were signed below on their behalf by:

…………………………………………… The Reverend Prebendary Dr B Leathard Trustee

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

CASH FLOW STATEMENT

AS AT 31 DECEMBER 2022

		2022	2021	2021
	£	£	£		£
Cash flows from operating activities:
*Net cash provided by/ (used in) by operating activities*		(90,750)			74,211
Cash flows from investing activities:
Purchase of investments	(32,906)		(28,135)
Sale of investments	39,041		20,533
Movement in investment cash		8,434	10,289
Dividends and interest	11,130		10,067
	------------------		------------------
*Net cash inflow from investing activities*		13,429			12,754
		--------------------		--------------------
Change in cash and cash equivalents in the year		(77,321)			86,965
		--------------------		--------------------
Cash and cash equivalents at the beginning of the year		625,427			538,462
Cash and cash equivalents at the end of the reporting period		548,106			625,427
		=========		=========
Reconciliation of net movements in funds to net cash flow from operating activities
			2022		2021
			£		£
Net (expenditure)/income for the year
(as per the statement of financial activities)			(115,661)		102,992
Net movement in funds for the year (as per the statement
of financial activities)
Adjustments for:
Depreciation charges			-		-
Interest and dividends			(11,130)		(10,067)
(Increase)/decrease in debtors			(15,533)		17,171
Increase/(decrease) in creditors			51,574		(35,885)
			--------------------	--------------------
Net cash inflow/(outflow) from operating activities			(90,750)		74,211
			=========	=========
Analysis of cash and cash equivalents			2022		2021
			£		£
Cash held in current accounts and short-term deposits			548,106		625,427
			==========	=========

No statement of changes in net debt and been presented as the charity has no borrowings and consequently no net debt.

The notes on page 14 to 22 form part of the financial statements.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Consolidation

The financial statements aggregate the activities for the Parochial Church Council as well as the Christ Church DCC and St Luke's DCC as they are considered to be the same entity by the diocese.

Going concern

Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Income

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees' Annual Report.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES (continued)

Expenditure

Expenditure on charitable activities includes salaries and expenses relating to the running of the PCC, choir, Sunday school and other activities.
Other expenditure represents those items not falling into the categories above; and
Irrecoverable VAT is charged as an expense against the charity for which expenditure arose.

The Diocesan common fund is accounted for when payable, and any common fund unpaid at the balance sheet date is shown as a creditor.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Tangible fixed assets

Fixed assets over £2,000 are capitalised and depreciated over their useful life as follows: Fixtures and fittings: Straight line over 3 years.

Consecrated and benefice property is excluded from the accounts by virtues of the exemption claimed by the Church of England under s.10(2)(a)(c) of the Charities Act 2011.

All expenditure incurred during the year on consecrated buildings and movable church furnishing, whether maintenance or improvement, is written off as expenditure in the year in which it is incurred.

Consecrated land and buildings and moveable church furnishings

Investments

Fixed assets investments are stated at market value with changes recognised in 'net gains/(losses) on investments' in the SOFA.

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES (continued)

Debtors

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

Creditors and provisions

Financial Instruments

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

2.	INCOME AND ENDOWMENTS	Unrestricted funds	Restricted funds	Total	Total
				2022	2021
		£	£	£	£
2(a)	Donations & legacies
	Planned giving:
	Gift Aid donations	69,206	-	69,206	81,337
	Collections:
	Collections and Open plate	49,847	-	49,847	24,678
	Special Collections	17,507	-	17,507	19,375
	Tax recoverable:
	Tax recoverable	19,902	-	19,902	11,821
	Grants and Legacies:
	Legacies and other	39,815	-	39,815	98,735
	Hall Donations	266,796	-	266,796	274,183
	Special Collections	-	4,380	4,380	3,861
	Summer Programme	-	17,940	17,940	-
		-----------------	------------------	----------------- -----------------
		463,073	22,320	485,393	513,990
		-----------------	------------------	----------------- -----------------
2(b	Activities for generating funds
)
	Summer Fete and Christmas bazaar	20,801	-	20,801	13,240
	Church and other rentals	243,025	-	243,025	306,059
	Car Parking	12,208	-	12,208	26,250
		-----------------	------------------	----------------- -----------------
		276,034	-	276,034	345,549
		-----------------	------------------	----------------- -----------------
2(c)	Income from investments
	Dividends and interest	-	11,130	11,130	10,067
		-----------------	------------------	----------------- -----------------
		-	11,130	11,130	10,067
		-----------------	------------------	----------------- -----------------
2(d	Income from church activities
)
	Other Church Activities	2,946	-	2,946	6,380
		-----------------	-----------------	----------------- -----------------
		2,946	-	2,946	6,380
		-----------------	-----------------	----------------- -----------------
	Total income	742,054	33,450	775,504	875,986
		=========	=========	========= =========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

			Unrestricte		Unrestricte	Restricted		Total	Total
			d funds		d funds	funds
3.	EXPENDITURE							2022	2021
			£		£	£		£	£
3(a)	Church activities		Direct Cost	Support Cost
	Donations paid		8,484			-		8,484	8,598
	Parish Expenses:
	Running Costs		30,870			-		30,870	18,249
	Repairs and Maintenance		141,626			-		141,626	94,043
	Music & Choir Costs		71,034			-		71,034	39,761
	Depreciation on	Computer	-			-		-	-
	Equipment
	Sunday School Costs		6,473			-		6,473	3,529
	Parish Magazine Costs		11,266			-		11,266	9,601
	Diocesan Common fund		191,580			-		191,580	186,000
	Printing and Stationery				24,166	-		24,166	20,876
	Computer Costs				7,033	-		7,033	27,827
	Insurance				28,047	-		28,047	27,894
	Churchyard Upkeep		7,367			-		7,367	4,130
	Other Ministry Costs		38,383			-		38,383	25,199
	Curate Costs		-		-	-		-	20,069
	Cleaning				44,853	-		44,853	41,699
	Staff Salaries Cost		126,254			-		126,254	127,355
	Accountancy				28,110	-		28,110	25,620
	Audit Remuneration				14,640	-		14,640	12,000
	Legal & Professional				11,292	-		11,292	7,065
	Chancel Costs		2,904			-		2,904	2,465
	Utilities & Rates				50,552	-		50,552	33,503
	Telephone & Internet				8,521	-		8,521	8,374
	Bank Charges				4,560	-		4,560	3,073
	Bad Debt				-	-		-	1,592
	Other Costs				2,865	-		2,865	1,512
									---------------
			-----------------	----------------		-----------------		-----------------
									--
					-
			636,241		224,639	-		860,880	750,034
			-----------------		-----------------	------------------	--------------------		-------------------
	Other:
	Special collections paid		-		-	30,284		30,284	22,960
			----------------		------------------	------------------	-----------------		------------------
			--					-
	Total expenditure		636,241		224,639	30,284		891,164	772,994
			=========		=========	=========		=========	========

Included in Support costs are Governance costs totalling : £25,932 (2021:£19,605)

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

EMPLOYEES	2022	2021
	Number	Number
Number of employees
The average monthly number of employees during the year was:
All employees	6	7
	=========	=========
	£	£
Employment costs
Wages and salaries	114,172	112,047
Social security	5,016	8,662
Other pension costs	7,066	6,646
	----------------	----------------
	126,254	127,355
	========	========

5. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Furnishings	2022
	and Equipment	Total
	£	£
Cost or Valuation
At 1 January 2022	21,478	21,478
Additions	-	-
	-----------------	-----------------
As 31 December 2022	21,478	21,478
	========	========
Depreciation
At 1 January 2022	21,478	21,478
Charge for the year	-	-
	-----------------	-----------------
At 31 December 2022	21,478	21,478
	========	========
Net Book Value
At 31 December 2022	-	-
	========	========
At 31 December 2021	-	-
	========	========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	FIXED ASSET INVESTMENTS		Listed
			Investments
			£
	Market value at 1 January 2022		528,441
	Additions at cost		32,906
	Disposals proceeds		(39,041)
	Realised and unrealised gains and losses		(89,674)
	Movement in investment cash		8,434
	Other		1,537
			-------------------
	Market value at 31 December 2022		436,468
			=========
7.	DEBTORS	2022	2021
		£	£
	Trade debtors	17,141	18,652
	Other debtors	59,385	42,341
		----------------	----------------
		76,526	60,993
		========	========
8.	CREDITORS: amounts falling due within one year	2022	2021
		£	£
	Trade creditors	52,091	12,684
	Accruals and deferred income	23,367	10,048
	Other creditors	18,709	19,861
		----------------	----------------
		94,167	42,593
		========	========

9. RESTRICTED FUNDS

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

	Balance as			Movement in funds	Movement in funds	Movement in funds	Balance at
	at 1 January		Income	Expenditur	Unrealised		31 December
				e
	2022				Gain	Transfers	2022
	£		£	£	£	£	£
Restoration fund	611,045		11,130	-	(89,674)	-	532,501
Special collections	276		17,940	(17,603)	-	-	613
Foodbank	7,000		4,380	(12,681)	-	-	(1,301)
	---------------------		------------------	------------------	--------------------	------------------	---------------------
	618,321		33,450	(30,284)	(89,674)	-	531,813
	===========	=========		=========	=========	=========	===========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

9. RESTRICTED FUNDS (continued)

Prior Year 2021	Balance as			Movement in funds	Movement in funds	Movement in funds	Balance at
	at 1 January		Income	Expenditur	Unrealised		31 December
				e
	2021				Gain	Transfers	2021
	£		£	£	£	£	£
Restoration fund	542,198		10,067	-	58,780	-	611,045
Special collections	-		23,236	(22,960)	-	-	276
Foodbank	-		7,000	-	-	-	7,000
	---------------------		------------------	------------------	--------------------	------------------	---------------------
	542,198		40,303	(22,960)	58,780	-	618,321
	===========	=========		=========	=========	=========	===========

Foodbank : This fund represents amounts towards providing a Foodbank received in 2022 and to be expended subsequently.

ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022	Unrestricted	Restricted		Total
	£	£		£
Fund balances at 31 December 2022 are represented by:
Fixed Assets	-		-	-
Investments	-	436,468		436,468
Current assets	624,632		-	624,632
Creditors: amounts falling due within one year	(94,167)		-	(94,167)
	-----------------	---------------	---------------
	530,465	436,468		966,933
	========	=======	=======

ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021	Unrestricted	Restricted	Restricted	Total
	£	£		£
Fund balances at 31 December 2021 are represented by:
Fixed Assets	-		-	-
Investments	-	528,441		528,441
Current assets	596,540		89,880	686,420
Creditors: amounts falling due within one year	(42,593)		-	(42,593)
	------------------	------------------	------------------
	553,947	618,321		1,172,268
	=========	=========	========

THE PARISH OF CHELSEA: ST LUKE’S & CHRIST CHURCH

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTIES

The charity received monthly voluntary Donations from Christ Church Chelsea Hall of Remembrance totalling of £179,836 (2021: £168,720).

12. STATEMENT OF FINANCIAL ACTIVITIES FOR PRIOR YEAR

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2021	2021	2021
	Notes	£	£	£
INCOME:
Donations & Legacies		483,754	30,236	513,990
Activities for generating funds		345,549	-	345,549
Investments		-	10,067	10,067
Church Activities		6,380	-	6,380
		-------------------	-------------------	-------------------
Total income	2	835,683	40,303	875,986
		-------------------	-------------------	-------------------
EXPENDITURE:
Church Activities		750,034	22,960	772,994
		-------------------	-------------------	-------------------
Total Expenditure	3	750,034	22,960	772,994
		-------------------	-------------------	-------------------
Net (expenditure) before
gains		85,649	17,343	102,992
Gains on investment assets	6	-	58,780	58,780
Transfers between funds		-	-
				-
		-------------------	-------------------	-------------------
Net movement in funds		85,649	76,123	161,772
Reconciliation of funds:
Total funds brought forward		468,298	542,198	1,010,496
		-------------------	-------------------	-------------------
Total funds carried forward		553,947	618,321	1,172,268
		=========	=========	=========

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

2022-12-31-accounts

Annual Parochial Church Report Wednesday 17 May, 2023

RECTOR’S REPORT 2022 – APCM 17 May 2023

Church Warden Reports 2022

St Luke’s and Christ Church Chelsea - Churchwardens’ Report

Our people

Our governance

Activities

Families and young people

St Luke’s

Christ Church

Seeking volunteers

Electoral Roll report

Chelsea Deanery Report 2023

Children’s Report January to December 2022

Epiphany Party

Nurturing Your Child’s Spirituality

Pancake Day

Family Service

ABC Parent and Toddler Group

Sunday School

Training Days for Leaders and Helpers

Youth Group

S.T.E.P Up

Youth Ministry in Communion – Trip to Taizé, France

Half Term

St. Luke’s and Christ Church Summer Programme

Prudential Ride

Eco Church

FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Rector’s Report to the Annual Parochial Church Meeting 2022

The Revd Prebendary Dr Brian Leathard, Rector

FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

Reserves policy

FOR THE YEAR ENDED 31 DECEMBER 2022

Pay policy

Volunteers

The principal risks and uncertainties identified by the charity are as follows:

FOR THE YEAR ENDED 31 DECEMBER 2022

Investment Policy and Objectives

Church Halls

Auditors

Public Benefit

Objects and governance structure

Future Plans

Fundraising

FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

B Leathard

Date: 18 October 2023

FOR THE YEAR ENDED 31 DECEMBER 2022

Independent auditor’s report to the trustees of The Parish Church of Chelsea: St Luke’s & Christ Church

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Matters on which we are required to report by exception

Responsibilities of trustees for the financial statements

FOR THE YEAR ENDED 31 DECEMBER 2022

Auditor’s responsibilities for the audit of the financial statements

Use of our report

FOR THE YEAR ENDED 31 DECEMBER 2022

BALANCE SHEET

AS AT 31 DECEMBER 2022

18 October 2023

B Leathard

CASH FLOW STATEMENT

AS AT 31 DECEMBER 2022

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Consolidation

Going concern

Funds

Income

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES (continued)

Expenditure