Parish of Tulse Hill Holy Trinity & St. Matthias Church in the Diocese of Southwark ljut *• b• <ha•n•ls Accounts & Financial Ststsments of the Parochial Church Council for th8 year ended 31st December 2020 Istered Charl Number 113388 Your name O Lord endurns for ever. Your renown O Lord. thmugh all generntlons. For the Lord will vindicate his people and have eompasslon on his seThants. Incumbent: Revd Richard Dorniandy 49 Trinty Rise London. SW2 2QP Churchwardens: Malcolm Kemp 29. WoodvRrde Road. London. SE22 8UN Fay Morris la Jersey Road. Tooting, London, SW17 9RQ Bank: Barclays Bank plc Auditors: W.E.S. Newton & Co (Accountants) 68, Femdene Road, London. SE24 OAB
Holy Trinity and SL Matthias Church - Annual Accounts for 2020 Background Hoty Trinity and Sl. Matthias Churth PCC has respongwty for CthrlIng with the inrJJmbenL in Promoting in the ecdesiaslical parish the whole mission of the Churth. past(. evangeli8bc. social and ejxmenical. It also has maintenatKe responsibilibes for the P8ri8h Chwd) ojnplex of Hoty Trv¥ty w¥1 St Matlhias Churth. The Church, whKh is a Grade 11 Ssted buikliThJ, b kxated at Trknlty Fltse. Llyvkn SbI2 2QP In txocese of Soutlywark. Th8 Churth is in the BTocwell Pa corwryat1 aw. Membership Members of the PCC are eittier ex offKio or ¢leced by tr AnnLwI ParfxIio1 Church Meellng fAPCM) In w)rdartt th the Church Representslion Rules. At thè APCM hehj on the 27th Awil 2Crf)8. a resolulion passed in aeu)r(lanca with tha provisions of the ChLwchwardens Measure 21x11. to vrnive the 6 ¢rmseuJtNe year Irmrtakn peiic<l for seNi¢E as ¢hurchwafden wtth Tegard to the Partsh of Hoty Trinity & St Maltrmas. Th Annual Parvthial Church Meeting in respect of the period 01n1r2019 - 31112r2019 was due lo be hehj by eThJ of April 2020. htswer due to the Covid.19 pandemic restrictions and the Bishcy's approv the date was exterthd to the eTrJ of 0tr 2020. DuTlng the year tho followlno served as membern of the PCC: Inoumbent Revd RwS)ard Dmndy (Ch•lr): Revd Smrlh {ReswJn&J 31Y09r2020 to tske up new postl., Revd Wlliam Sharpo; Maknlm Kemp and Fay Morris.. Curato Non Stlp•ndlary Allnlster Churehwardons Representatlves ol the Synod Joy Mantell- (Retired: Tem of Office expired 2111012020)., Jamie Lobban- From 21110r2020 (Tém of Office Expir8$ 04120231., Adam 14Vest- (Office expires 04r2023).' Dlocesan Reader (Ex4VlkloJ Elected Alemberj Gloria 0tU1n.' Amy Grant- (offi expired 2111012020}; Jennrfer Dunn- {Office expired 21110r2020): Anne-marie Harrison- (Office expired 21110r2020); Jamie Lobban- {Office expired 2111012020); Adrian Garden - (Retr 21110r20201; Henderson Layne - (Office expires 04r2021): Lionel GTeen- (Office expires 04r2021): Nicole Lyon - {Office expl$ 04f20211', Sarah CaSet0 - [Offe expires 04120221.. Davtd Jowsey- {Secretary) - (Office expires 04r20221; Jim Maddox (Operatlons PAanager)- (Office expires 0412022)., Georg Snyder ITfgasurer)- lOffi Expires 04120221: Garry Sutdrffe- From 21110r2020 (Tenn of Offi Expires 0412023) In accordarKe wiu) new Dic<esan affarvJerrnts. Ihere h8s been tsifty for 12 el•ed membèrs from the APCM 2005. nine in respe¢t of the first 1LKt names on the elecloral full, and a fvrther three in Pt of the ntrxt hundred lor part thereof). The maximLNn number pemitted is 15 ¥the eledal rrAI exceeds 2(Q narrs. The frjll PCC met seven limes during the year wsth an 8verage attendartt of 67% - the 6 of th meetings wère held th8 ZOOM Call arfang8ments du8 to the Cov119 pandemic restrKlions. Senior Mir#sty Leadw5 in attwthnc at of the meetings. Charlty Commission The Parochial Church cral i¥ 8 regislwed drIty. The PCC were entered in Ihe Register of chale3 on th& 28th January 2010- No 1133884. 1 PCC mernbets Orle as Tnlees. Committees The PCC oper8tss ttUgh th• Slandw Cc¥Miiitee, ThK nwts betsw ful rneelings of ts PCC as and vthen required to discuss matters of urgenty. Standlng Commlttee.. This K% the onty commitiee required by law. 11 has the to transact the business of the PCC between Its meetings subje0* to any ditionS given by the Ccmjncxl. The standi cmIllee has needed to meet 2011. Fund The PCC opEr8te$ Six distinca funds dir•. IrKx¥ne by fv PCC be restric rf it has teen or paid to the PCC for a spetsf purFthe.
Main Fund The main fuThJ provides Tesources and rnises income for Ihè nomaf day to day nJnnltYJ ctssts of the Church building and to romote the Churth mission in the Paii5h Trin I St. Malthias Churth and Is (%mprEed of a Trust fund and General fund. 8uilding Ful Phase IV Appeal Fund- Str Bak BuildorProprt The Phase IV Appeal Fur provides inr3)me for ths mised tIk11rj plans Ung a straw bale construction. Due to the effert of the COV pandemic limf(ed progress was made in 2020. trArt the Apse sbvclv and Insulalkn of the maln hall roof. Our fvndraising tsrgot aTr)unted to £1,300.000 ofwhth £813.484 had rai5&J by the 31• D&eMIr 2020. Comwwji of the projed is estimat to at th& eThJ of 21Y22. On 3rd Juty 2019 HThH 8ulldlng D¥¥elopment Co Ltd was set up to the Phase rv bJikJirwJ projec. Since then. the rnajority of Inv(i$ h8¥e b8en paid by BuildiThJ DeVelopmt Co, whith then Invoices the church. The Company is indeFendent of thufd) in tem of dir&#sh. PCC is ts sole rehold¢r and twefioory shwld the rpanY be wound up. Youth Mlnlsty Fund Originalty, the ParO8h Youth IA4yker FLfftd wbkh was nm in ainngcffl with the of PCC fulklime employee who left on the 31" August 2011. Tho FuThJ is n(M used for tho work invLkned with Youlh Ministy. induding Youth Church. 'Imaglne' Fund The Imane FarniPy Ccmunty Prolecl Workers Fund was fun in CneIDn th the of PCC part.tine sal8ri¢d employees, namety Aeen Garden #rwj Jacky Sutdiffe wh) tIred on the June 2017. Imagine now wttinues as the umbrella for all outread), but with(xrt powj for the lime b&'ng. The Fund has been dofflnt for some twne and aftef consultslion with the thurth fdlowship. the PCC ded the mrnes 8IKMJhJ be made availab to an our Commun Outreach Projècts when an urgerrt need arme& Tuls• Hlll CommunltyAdvlce Cents¥ Fund On thg 25th Juty 2017. Ihe PCC t)ecame an Aff&ate M•mber ofCommLmlty Mc418y Ad¥k {CMA). CMA 18 a nallon81 d)arfty who aro commffted lo supporling thurches and other o)mmunty groups wlth a vi4on to h8lp peoplè ovèro)m8 their monèy probloms and make a fresh start on a stable fin181 foolitYJ free from the blKdht of indebtgdne$$. Fonwng tho affilialion. 8 team of 7 volunteer¥ were successfulty trained Lry CMA as Debt Co8ces whith 1ftded passing an Online Fin8ncial Conduct Authority lest - Joy Mantell vrds apwnted Centre Manager. Then on Tuesday the 2 March 2018. the Advice Centre ilsell opened for the first and thereafter every Tuesday. In 2018. Joy stood as Centre Manager and was succeeded by G80rgie Snyder- Ju)f L¥)ntirwl to bo 8 m¢nts of the Tthgm. The aims ofthe Adv Centre are.. (il To help people concemed aboul finandal ISSLW by providry mrw management support. {ii) To suppjrt people who are in debt to find o wffislic plan to live wthin thew needs and to 8uppNI them in dèaling with their creditors. Iliil To empower Ic¢81 pe ty prowth'ng o plgcg can find the irrformation they need and lfvl To offer practical hdp from links with 435. and food from parish Larder and Ioc31 food bank. The Tul8e Him Ad¥i¢o Centre replaces the 8er¥w rm#led by Hill Chrisliw Against Poverty Centre whith dosed on the 31st May 2018. dltSon two other fu In Tho War Memortal Fund. is administere(1 by fv Diocese of Rc¥thester and as (xthhin trustee on tehalf ot the PCC. The PCC are enlilled to the use of from this fund. Th• Vlears Dlsergtlonary Fund is rKyw indwjed as o reA8r part of It acaxxts aThJ 16 used at the discret) of the Vicar to assist thtsse in need. Church Attendance In October 2020 119 wishthers We on tho Church E18drKat Roll. of 75 were rkit resident in the Parish. It shoukj be not that th9 818cacd roll is r)t a true lrrfKaIw Of¢hU altaNJ. Audltor The Annual Parcrthi81 Church MeelirwJ held in O¢aober 2020 wntod W E S N8toft & Co {Accounlantsl to be the Auditor forthe 2021 •x)unts. Ourmlsslon Statement which w¥$ •gr#•dln February 2011 is ¢fwlayedin the church. andls giv a hlgh priorfty.. Ouraim is to be channels of God's translomiin love inanee Re rtfor20 Main Fund In 2020 inccffle exce&lÈd expeILe ty £707A8. Ths wa5 the 7th year that InLa)ft h1 oxceeded expenditure and was largety due to a generous levd of annual gNiro being maintained by the ¢>)ngregation induding Gift "d Tax Refund and a redudK)n in eXp¥[lu fry the year. Regular rC*$t (onrj of exFenditure 11 I"e to be made both C and in the fweeable fLthre.
Income from Offerto and Donations for the Maln Fund UnrestriGted and Restricted Covenanted Gift and gener81 d(y)ations induding CAF don3nS amount&Y k) O9.349.04 However, we must remember an¢J adonowledge Ihat during 2020, our fdbw5hip c(m1n, on top of everything else. to make donab.ons towards to rtsnnin9 Costs of the Tulse Hill Community Adv Cerrtre. General Buddyw FuTrJ. Phase IV StrHw Bale BLmld PrLieca Appeal Fund and varioLbS Other speaal causes. Other income Teceive(l in 2020 alnIed to £24076.66 whKh induded £14893.30 {GrP( Aid tax refund). £1.599.00 {Rontsl of Church Fauliliesl. £3.511.00 (Funer81 Wethling Fees). Q744.53 (RefiJnd of EDF Eleth Charges) and £1.328.83 {MilIean0u$ Income). The overati total unre5tll incoff arTh)unted to £103.425.70. The totsl Main Fund Income (Unrestixted and Restrithdl amourrt&J to £123J0726 induded £4.847.00 donatsd by the church o)ngreg8tion for drfferent Missionary causes (See poge 12). Ex enditurè for the Main Fund Unrestricted and Restricted Unrestricted Expenditure in 2020 amounted to £102.718.22 whid) is comprised of £59.767.IJO for the txocesan Quota (Parish Supwrt Fund). £17.225.15 for Chuid) rnIng eX[SeS. £4825.00 for general fflaintenar, £5.309.94 for PCC tithing (see page 11}, £6.132.84 for Church Insuran. £739.66 Crèchè arvj Sunday Sthool advmles ITrinty Kids). £3,SOO.80 for Curate Housing Costs. £3,417A3 for Clewy Expenses arKI utilth.es £1,800.00 for hJAstorf5 fges. Total Maln Fund exFenditure lun$tricted and RestrKtsd) am¢wnted to £143,769.33. Buildin Fund Restrictsd The balance of the bjnd at the 3111 Decern 2020 8ffWrted to £40.837.25. Totsl Ineome amwnlgj lo £13.210.10 which was comprise(1 of Covenanted Gtft Aid donabon8 and general donations lOt81Ung £2.166.00. a Gift Tax Rèfund of £524.00 and a Grant from UKPN of £10,520.10 to help with costs of instsllin9 LED Lights. Expenditure amounted to £22,330.80 whsch was compris9(1 01 £14,460.00 (IrtstalSath)n of ne4T LEO Lwts), £5,780.40 (Repwrs to the roofj and £2,090.40 (Upgrade forthe Lightning pithction lo th8 thurch lkI1J). Phase IV Fund - Straw Bale Builder Pro ect Restricted The balance of the Phase IV Fund at the 31# December 2020 wnoufite(I to £270.350.19. Irthme for the year aTnounted to £86,9S7.34 whlch was compnsed of Covenanted Gift hid 1c3. General donation$. Loose donations, Spetsal donation$ and CAF donalions omounting to r11393.OLI, Intore8t of £511.90. 8 Gift AKI tax rduKI of £3,923.1)O. In addib¢)n, £10,129A4 wos received from Crowdfunder. Expenditure amcwjnled lo £75.337A1 whlth Indud8d a Tran8f•r of £67,758.88 to the HrrH Bulldlng Development Company Ltd to meet autho In¥cice8. Youth Mini Fund Restricted The balar of Funds at Ihe 3111 Decmber 2019 to £1,177.70. InLme for year amounted to £85ZZI and exp6ndkure amounted to £421.37. Ima Ine Fund Restricted The balance al31 Decemt4r2020 amounted to £4W.91- Therè wero no tr•i$0¢ti kn 2020. Tulse Hlll Commun Advice Centre Fund Restrlcted The balance at the 315t December 2020 amounted to £S.195.79. T(rtal inc£rfM for 2W amounted to £1.W.94. Totsl expendltur¢ amounted lo £1,831.40. the mahx ltsms the CMA Arnual Affdidion Fee of£l,170.00. ACTS 435 Restricted Acts 435 is 8 revolutionary welAite that pecpSe frryn 81 pts of tt ¢W to ¥¥e rrw for tho88 w) are in urgent need. The servic is man8g&d through a netswJrk of dlurches arNI donab"or* are gNen quic to those in negd. Th$ PCC is part of th¢ network having $gned up in January 2011. In 2020. £1A10.00 was POKI out to 16 applicants wero experienang fin8nci81 hardship. In nclus C to nk N.B.- Restrf¢tod Funds," Incomo recdved by tho PCC .11 be resti¥ Mlt has been given orpald to the PCC lor a specrfl¢ pury>ose.
81a' 11
Holy Trinity & St. Matthias Church- Parish Church Council Balance Sheet at 3 1st December 2020 2020 2019 Note Fixed Assets I"angible Fixed Assets Inv¢stm¢nts 1,623 1,623 l.612 1,612 Current Assets Debtors Cash at Bank 21,647 486,951 508,598 27,330 406.010 433.341 Le5$: LiAbilities HrrH Ac¢ru¢d 118,693 118,693 50,934 50,934 Net Curr¢nt Asse¢s 389,905 382,407 Net Assets 39129 384,019 Funds Main Fund (Unrestricted) Main Fund (Restricted) Building Fund (Restricted) Phase IV Fund (Restricted) Youth Ministy Fund (Restricted) Imagin¢ Fund (Restricted) Tulse Hill CAC Fund (Restricted) Vicars Dis¢retionary Fund (K¢stricted) War Memorial (Endowment) 47211 8,706 40,837 270J50 lJ35 4,490 5,196 11,780 1,623 391529 46.504 10,832 49.958 258,770 1,178 4.490 5,678 4.998 1.612 384,019 Approved by th¢ Parochial Church Council on 08th March 2021 and signed on its behalf by: R¢vd Richard Dorniandy (Chair) Jim R.F. Maddox (Operations Mana8er) G¢orgie Snyder ( onorary TrUrer) Page 5
Holy Trinity and SL Matthias Church- Parocbial Church Collncil Notes the Accounts for the Year Ended 31 December 2020 l. Accounting Policies continued Aclivities directl relatin loth Work o Ihe Church The diocesan quota parish support fid (psfj is accounted for when payable. Any quota unpaid at the calendar year end is provided for in these aocounts as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet. 2. Fixed Assets Consecraled ro er and movable church ishin Consecrated and beneficed property of any kind is ex¢lud¢d from the accounts by sKtion 92(2) (a) of th¢ Charities A¢t 1993. Fixitlres sand Ice ui menl Equipment used within Church premises is depreciated on a straight-line b&5is over four year5. Individual items of equipment with a purchase pri¢¢ of£i,000 or l¢ss are written off when required. Invesimenls Investments are valued at market value at 31 December 2020. 3. Current Agsets Amounts owing to the PCC at 31 December in respe¢t of fees, rent or other income are showm in d¢btors less provision for amounts thal may prove uncolle¢libl¢. 48. Investments and TaDglble Fixed Assets The War M¢morial Fund holds 69 Income Shares. There is no record of the cost lo the fund at the time th¢y were acquir¢d. Their value at the 31 December 2021 £947.07. In addition, £1,777.12 is held in held in investmenl accounts with the CBFCE on behalf of the War Memorial Fund. Th¢ Total Value of the War Memorial Fund at the 31° Lkcember 2020 amounts to £2,724.19. £2.702.59 in investment accounts with the CBFCE on behalf of the Main Fund of the PCC. The Vicars Discretionary Fund holds 412 units in the H. Reed fund and 81 units in Hemmings Trust. These investments are recorded in the b(x)ks of the PCC. there is no TW)rd of the cost to th¢ PCC of either investtnent. Totsl value at 31. Deccmber 2020 - £8,879.62. Page 6
$18 818 l!L4h .1 S..1il ii.
8 X-'818181818 io * r 888188gx '%.'8ty88$1 821
Holy TrillKty & St Mattll Church- Parish Church Council Notes to the Accounts for the year ended 31" Dettmber 2020 2020 2019 4b Investments for use by tbe PCC NIL Th¢ War Memorial Fund holds 69 units in the M&G Charity Fund. There is no record of the cost to th¢ fund at the time they were acquired. Total value at 31 December 2020 = £2.724.19. £2,702.59 is held in investment accounts with the CBFCE on behalf of the Main Fund of the PCC. The Vicars Discretionary Fund holds 412 units in the H. Reed units and 81 shares in Hemmings Trust. Thcse investtnents are recorded in the books of the PCC, there is no record of the cost to the PCC of either investrnent. Total value at 31 December 2020 - £8,879.62 Debtors Income tax recovernble Other debtors 21,646.67 27,330.48 21,646.67 27.330.48 Llabllities: Amounts falling due within ont ye*r Overdraft HrfH LTD A¢cruals Donations Othcr Creditors 67,758.68 50.933.85 67,758.68 50,933.85 War Memorial Fund Capital Interest 1.611.76 11.43 1623.19 1,591.70 20.06 1.611.76 Pag¢ 9
IEI- 2111-
Hoty Triniry & St. Matthi&s Church- Parish Church Couocil Notes to the Account for the year ended 315t D¢cember 2020 2020 2019 9a Ma or Donations- B PCC Y In Fund UnrtriCted Eagles R¢li¢f Malawi Foodbank Centre, West Nonvood Holy Trinity CE Primary School- Year 6 Leavers Bibles Linda Anna (Franc¢) Paz y Esp¢rat2 (Peace & Hope- PeN) Prison Fellowship {Chrisiian Prison Mirtistsy- London) The Robes Homele55 Projeci Simeons Trustees (Patrolls of Holy Trinity chub) Spintwker Trus( (Christian Charity Supporting Primary Schools in South London and th¢ South East) Si Christoph¢Vs Hospice. Beckenham Teshie Orphanage- Ghana The Spires Centre. Streatham Treeaid (Mali, Niger, Burkina Faso, Ghana&Ethiopia) Water Aid 8110.00 300.00 509.94 800.00 800.00 800.00 0.00 loo.00 81)0.00 350.00 509.94 800.00 800.00 800.00 350.00 200.00 loo.00 ioo.oo 800.00 loo.00 400.00 350.00 828.00 350.00 350.00 150.00 7037.94 loo.00 $309.94 Pagell
Holy Trinity & St. Mattbias Church. Parisb Church Council Notes to th¢ A¢count for the y¢ar ended 3 1st De¢¢mber 2020 2020 2019 9bMa or Donati via Main F nd Con rtricted atioD•l Mlssiona Givin Asif MaIl (Oation Mobilisation) Bishop of Southwark's iLnt Appeal BBC- Children in Need Comic Relief Cordm (Childr¢n's Charity) Crisis at Christmas Eagles Malawi- Catalyse Holy Trinity CE Primary Schi)ol Jonathan TaylorfSpe¢l Gift) 500.00 10.00 150.00 100.00 150.00 150.00 0.00 0.00 500.00 150.00 150.1)0 150.00 518.1)0 0.00 Lll Linda Arwa Loros Hospice Macrnillan Cancer Suppo Save the Children Fund Spires Centre, Streatham SI Martins In the Fields Church- Christrn&q Appeal Si Mungo's (Ending Homel¢ssn¢sRebuildIng Lives) Tear Fund (General) 1600.00 0.00 0.00 150.00 150.1)0 150.1)0 150.00 1175.00 4847.1)0 1600.00 137.16 186.74 130.(KJ 150.(MI 150.00 150.00 1210.00 5293.90 Page 12
Auditor's Report to the Parochial Church Council of Holy Trinity and SL Mxtthias Church for the year ended 31 December 202 We have Audited the financial statements of the Pardchial Church Council of Holy Trinity and St. Matthias Church ('%he PCC-). which are set out on the fore80ing pages, is in respect of an examination under Regulation 3(3) of the Church Accounting Regulations 1997 to 2001 ('%he Regulations") and section 43 of the Charities Act 2011 ('Ihe Act,). Respective responsibilities ofthe PCC YdDd independen¢ auditor As members of the PCC. you are responsible for the preparation of the financial ststements and observ¢d the audit requirements of Re8ulation 3{3) of the Church Accounting Regulations and section 43(2) of the Act apply. It is the auditor's responsibility to issue this report on the financial ststements in accordance Regulation 25. Basis of opinioD W¢ conducted our examinations in accordance with ihe genernl directions selling out the duties of the auditor issu¢d by the Charity Commission under section 43(7Xb) of the Act. and to be found in the Church guidance, 2001 edition. issued by the Finance Division of the Archbishop's Council. As part of that examination.. We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basi& of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgemcnt5 made by the PCC in the preparation of the financial ststements, and of whether the accounting policies are appropriate to the charity's circumstances, consistenily applied and adequately disclosed. We planned and perfornied our audit so as to obtain all the inforniation and explanations which we considered nc¢¢ssary in order to provide us with sufficient ¢vidence to give reasonable assurdnce that the financial statements are free from material misstaiemenL whether caused by fraud or other irregularity or error. In fomin8 our opinion we have also ¢i'aluated the overall adequacy of the presentation of infomialion in the financial statements. OpiDiOtt In our opinion the financial statements Bive a tru¢ and fair view of the state of the ch8rtty's affairs at 31, Decembcr 2020 and of it's incoming resources and application of resources and have been properly prepared in a¢cordance with the Statsment of Recommended Practice, Accounting and Reporting by Charities (SORP 2015)- W.E.S.Newton & Co 68 Ferndene Road London SE24 OAB Incorpordting Wilson & Co Chartered Certified Accountant5 & Registered Auditors 08 March 2021 Page 13