Parish of Tulse Hill Holy Trinity & St. Matthias Church in the Diocese of Southwark ljut *• b• )ngregation induding Gift "d Tax Refund and a redudK)n in eXp￿¥￿[lu￿ fry the year. Regular rC*￿$t ￿￿￿(onr￿j of exFenditure ￿11 I￿￿"￿￿e to be made both C￿ and in the fweeable fLthre. Income from Offerto and Donations for the Maln Fund UnrestriGted and Restricted Covenanted Gift and gener81 d(y)ations induding CAF don3￿nS amount&Y k) O9.349.04 However, we must remember an¢J adonowledge Ihat during 2020, our fdbw5hip c(m￿1n￿, on top of everything else. to make donab.ons towards to rtsnnin9 Costs of the Tulse Hill Community Adv￿ Cerrtre. General Buddyw FuTrJ. Phase IV StrHw Bale BLmld PrLieca Appeal Fund and varioLbS Other speaal causes. Other income Teceive(l in 2020 al￿￿nIed to £24076.66 whKh induded £14893.30 {GrP( Aid tax refund). £1.599.00 {Rontsl of Church Fauliliesl. £3.511.00 (Funer81 Wethling Fees). Q744.53 (RefiJnd of EDF Eleth* Charges) and £1.328.83 {Mi￿lIean0u$ 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) r￿nIng 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￿$tricted and RestrKtsd) am¢wnted to £143,769.33. Buildin Fund Restrictsd The balance of the bjnd at the 3111 Decern￿ 2020 8ffWrted to £40.837.25. Totsl Ineome amwnlgj lo £13.210.10 which was comprise(1 of Covenanted Gtft Aid donabon8 and general donations lOt81Ung £2.166.00. a Gift Tax Rèfund of £524.00 and a Grant from UKPN of £10,520.10 to help with costs of instsllin9 LED Lights. Expenditure amounted to £22,330.80 whsch was compris9(1 01 £14,460.00 (IrtstalSath)n of ne4T LEO Lwts), £5,780.40 (Repwrs to the roofj and £2,090.40 (Upgrade forthe Lightning pithction lo th8 thurch ￿lkI1￿J). Phase IV Fund - Straw Bale Builder Pro ect Restricted The balance of the Phase IV Fund at the 31# December 2020 wnoufite(I to £270.350.19. Irthme for the year aTnounted to £86,9S7.34 whlch was compnsed of Covenanted Gift hid ￿￿1c￿3. General donation$. 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 Dec*mber 2019 to £1,177.70. InL*me 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$0¢ti￿ kn 2020. Tulse Hlll Commun Advice Centre Fund Restrlcted The balance at the 315t December 2020 amounted to £S.195.79. T(rtal inc£rfM for 2W amounted to £1.W.94. Totsl expendltur¢ amounted lo £1,831.40. the mahx ltsms the CMA Arnual Affdidion Fee of£l,170.00. ACTS 435 Restricted Acts 435 is 8 revolutionary welAite that pecpSe frryn 81 p￿ts of tt* ¢W to ¥¥e rrw for tho88 w￿) are in urgent need. The servic* is man8g&d through a netswJrk of dlurches arNI donab"or* are gNen quic￿ to those in negd. Th$ 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 391￿29 384,019 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 Tr￿Urer) 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 fi￿d (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 Unr￿triCted Eagles R¢li¢f Malawi Foodbank Centre, West Nonvood Holy Trinity CE Primary School- Year 6 Leavers Bibles Linda Anna (Franc¢) Paz y Esp¢rat￿2 (Peace & Hope- PeN) Prison Fellowship {Chrisiian Prison Mirtistsy- London) The Robes Homele55 Projeci Simeons Trustees (Patrolls of Holy Trinity chu￿b) 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 r￿tricted atioD•l Mlssiona Givin Asif MaIl (O￿ation 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¢s￿RebuildIng 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