THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
HOLY TRINITY & ST MArfHIAS, TULSE HILL
Diocese of Southwark
Our aim is to be channels of God's transforming love
Annual Report & Accounts
Year Ended 31 December 2023
Charity Registration Number= 1133884
Website- www.htth.or
.uk
our name O Lord endures for ever, Your renown O Lord, through all generations. For the Lord will
vindicate his people and have compassion on his senjants."
Contents
Page
Legal and administralive information
Report of the Parochial Church Council
Independent Examinerf5 report to the Parochial Church Council
Statement of financial artivities
Balance sheet
io
Notes to the financial statements
li

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Legal and administratlve information
For the year ended 31 December 2023
Charity Name
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & St
Matthias, Tulse Hill Ithe 'PCC"I
1133884 (registered with the Charity Commission, entered into the Register of
Charities on 28 January 20101
Printipal Address
Holy Trinity Church, 51 Trinity Rise. London, SW2 2QP
Governlng Document Parochial Church Council Powers Measure119561 as amended and Church
Representation Rules
Promoting in the ecclesiastical parish the whole mission of the Church
Charlty Number
Purpose as per
Governlng Document
Member5 of the PCC Members of the PCC are either ex officio or elected by the Annual Parochial Church
Meeting I'APCM") in accordance with the Church Representation Rules. The
members of the PCC are the Trustees of the charity. At the APCM held on the 2Y
April 2008, a resolution was passed in accordance with the provisions of the
Churchwardens Measure 2001, to waive the six consecutive year limitation period
for service as churchwarden with regard to the Parish of Holy Trinity & St Matthias.
Members of the PCC who served during the year or who were serving at the date of
this report were=
ClerEY lex officiol
Revd Richard Dormandy (Chair, Vicar)
Revd William Sharpe INon-Stipendiaryi
Diocesan Reader lex officio) Gloria Otu-simon
Churchwardens lex officiol
Nicole Lyon (from 21 May 20231
Fay Morris
Ava Serunjogi (to 21 May 20231
Jamie Lobban
Adam West Ito 21 May 20231
Yetunde Akintunde
Zebida Gardner-5h3r￿er (from 21 May
20231
Amy Grant (from 21 May 20231
Alicia Humphreys Ifrom 21 May 20231
David Jowsey
Malcolm Kemp
Nicole Lyon (to 21 May 20231
Alice Odusina
Rebecta Robertson
Georgie Snyder
Garry Sutcliffe (to 21 May 20231
Jacky Sutcliffe Ifrom 21 May 20231
Adam West Ifrom 21 May 20231
Lay representatlves to the
Deanery Synod lex officio)
Elected lay representatives
Key Management
Personnel
Those in charge of direrting, controlling, running and operating the charity on a
day-to-day basis are the members of the PCC
Barclays Bank UK Plc, I Churchill Place, London F14 5HP
Bankers

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Council
Forthe year ended 31 December 2023
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & St Matthias, Tu15e Hill Ithe 'PCC"I
submits its report and the financial statements of the PCC for the year ended 31 December 2023. The financièl
statements have been prepared on an accruals basis in the format prescribed by the Statement of
Recommended Practice.. Accounting and Reporting by Charities (Charities SORP, second edition 20191, and the
Financial Reporting Standard 102. The legal and administrative inFormation set out on page 2 forms part of
this report.
The PCC co-operate5 Wlth the incumbent in promoting the whole mission of the Church within its Parish and
beyond. It also has responsibility for paid staff lif any) and the maintenance of the church building and any
other property the PCC owns.
l. Structure, Governance and Management
Trustees
The PCC is currently chaired by the Vicar,. its vice-chair is one of the churchwardens. From time to time it may
establish working groups or sub-committees which meet in addition to full meetings of the PCC. The PCC
discusses a full range of matters relating to finance, fabric, safeguardin& general administration and
responsibility for keeping of the Electoral Roll. Members of the PCC are either ex officio or elected by the
Annual Parochial Church MeetSng IAPCMI in accordance wilh the Church Representation Rules. These provide
a facility for 12 elected members from the APCM, nine in respect of the first 100 names on the electoral roll,
and a further three in respect of the next hundred lor part thereofj. The maximum number F=rmitted is 15
where the electoral roll exceeds 200 names.
The full PCC met 8 times during the year with an average attendance of 64%. All meetings were hybrid
meetings held both in person and via Zoom. The induction process for newly-appointed members of the PCC
is currently under review.
The Stsnding Committee
UrEent matters can be trat)sacted between PCC meetings by the PCC Standing Committee. This Committee
has the power to transact any business of the PCC between its meetin8s, subject to any directives given by the
PCC, and during the year comprised the Vicar, the Churchwardens, the Treasurer and the Secretary.
Church Attendance
The Church electoral roll is completely reviewed and revised once every six years but is updated every year in
between. At the last APCM the electoral roll stood at 12712022: 1201. It should be noted that the electoral roll
is not a true indication of church attendance.
Risk Management
The PCC'S primary aim is the discipling of people for the glory of God. Whilst it is our policy to trust wholly in
the Lord we also acknowledge our responsibility for identifying and managing the risks as we go about this.
The PCC has therefore 355essed the major risks to which we are exposed, in particular some specific
operational areas and our investment5 and finance5. The PCC believes that
by monitoring reserve levels
by ensuring that controls exist over key financial systems
by establishing a health and safety policy

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Councll
For the year ended 31 December 2023
by implementirTrg a safeguarding policy
by examining and monitoring other operational risks
we have established effective systems and procedures to mitigate these risks.
Safeguarding
The PCC has adopted the Diocese of Southwark's "Safe Church" Policy. We have signposting in church and on
our website for anyone with concerns. We review our policy and any safeguarding issues annually.
2. Actlvltles, Strategies and Public Beneflt
It is a legal requirement for all charities to exist and act for 'public benefil" To this end the PCC does the
following in order to enable ordinary people to live out their faith as part of the parish community:
It provides facilitie5 for public worship, pastoral care and spiritual, moral and intellectual development,
regardless of whether the beneficiaries are church members or people of Christian faith
It promotes Christian values, setvice and discipleship through the Church, to the benefit of individuals and
society as a whole.
Some of these activities have dedicated funds within the PCC'S financial statements, e.g. the Tulse Hill
Community Advice Centre and the Social Club, see Note 10 to the Financial Statements.
3. Revlew of the Year
2023 was a year of slow but steady growth as people continued to return after covid and new people joined
across demographic and social range of our congregation. Naturally some have moved away and others have
become housebound. Our Seniors Group, which wa5 an early adopter of Zoom technology during the
pandemic has suffered from the difficulties that some members hove in returning in person. While they retain
an excellent and high level of pastoral care for one another, their physical presence in church has become
severely curtailed. Our Social Club, by contrast, has been able to continue meet in person at St Luke's Church
West Norwood, and look forward to returning to Holy Trinity after Easter 2024.
We have continued to livestream all our services, as well as some weddings and funerals. Our average viewing
Sunday by Sunday 15 between 30 and 50. We charge £150 for livestreaming of a wedding or funeral, which
includes a USB stick recording. Although our streaming service does not extend to the graveside or reception
etc., we feel this offers outstanding value for money.
In June we managed to fill all places on our Church Weekend Away, though the overall numbers were about
18Yo down on four years, previous. The theme of the weekend of Mission Action and there was a very up-beat
sense to the occasion. Following the weekend away we have formally'adopted" the Kinderman family as link
mission workers. The Kindermans work with YWAM, Children Worldwide and other agencies to reach out to
youth and children in England.
Arguably our biggest achievement of the year was the appointment of a part-time paid Centre Manager for
our Community Money Advice Centre. This was a significant achievement in that it involved proper and safe
recruitment and appointment processes, payroll setup, guarantees of ability to 5UStain the job, and so on.
Congratulations to everyone involved in making this happen.
In the back end of the year, we held our first Harvest Lunch since Covid, which was a positive step and enjoyed
by all. Our Christmas Carol, Nativity, Christingle and Watchnight Services were all well-attended. The

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Report of the Parochial Church Council
For the year ended 31 December 2023
Christmas Eve Midnight had very low numbers and since this has been part of a fairly lon8-term downward
trend, it seems likely that this is going to be a dying tradition. In 2024 we will actively position it as an intimate
service of devotion.
During 2023 we made huge Steps forward on our straw-bale building project, the Hand Built Hall, and by
October we reali5ed that we could commit to completion by 31st March 2024. This has put considerable extra
pressure on the volunteer builders and project leaders, but it will certainly be achieved. Meanwhile we
continue to thank God for her unflagging joy and extraordinary provisiori.
Our Main Fund lunrestrictedl ended the year at £85,44012022'. £65.5031,' our Building Fund ended the year at
£12,796 12022- £7,121),. our Phase IV Fund ended the year at £158,440 12022: £251,128); our Tulse Hill
Community Advice Centre Fund ended the year at £13,26712022.' £4,492); and our remaining Funds ended
the year at £45,49812022'. E46,814I. See Note 10 for further details.
4. Going Concern
Each year it is the PCC'S responsibility to state whether or not the annual accounts have been drawn up on a
"going concern" basi5. This means that we have the resources to continue operating for at least 12 months
from the date when the Accounts are approved by the PCC. See Note I for our "going concern" statement.
5. Financial Review
The PCC'S main sources of funding are donations from church members and others in attendonce at church
services and gift aid reclaims on these donations.
Overall Financial Activity and Financial Position
The Statement of Financial Activities and Balance Sheet can be found on pages 9 and 10 respectively. The
Church's overall funds reduced by £59,617 during the year12022.' reduced by £41,770). The balance sheet
shows total net assets at the end of the year of £315,441 lend 2022.. £375,058).
Included in total funds are amounts totalling £219,676 which are restricted lor represent endowments) lend
2022.. £301,4691. These balances have either been raised for specific purposes or they comprise donations
Subject to donor imposed conditions. At end 2023 land end 20221 the majority of the restricted funds related
to the Phase IV Istraw Bale Building) Appeal Fund. Fijrther details of these funds can be found in Note 10 to
the Financial Statements together with an analysis of movements over the year.
In line with current Diocesan advice, no value has been placed in these accounts on the Straw Bale Community
Hall currently under construrtion. The cumulative cost of building the Hall to end 2023 was £939,48312022=
£748,142). Had a value been included, total net assets would have been higherat end 2023 by £939,48312022'.
E748,1421 as there are no indicators of impairment.
Reserves Po15cy
Free reserves are defined by the PCC as unrestricted funds not invested in tangible fixed assets.
The PCC considers that, given the nature of our work, free reserves should be equivalent to between 25% and
80% of annual unrestricted expenditure.
The PCC believes this provides sufficient flexibility to cover temporary shortfalls in income and will allow the
church to manage unforeseen emergencies whilst implementing specific action plans. This takes into account

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Report of the Parochial Church Council
For the year ended 31 December 2023
the existence of our restricted building fund to support major repairs and renovation work to the church
building. At 31 December 2023 the thurch had net free reserves and funds in its Building Fund as set out
below=
At31
Dt¢ember
2023
Atai
December
2022
Buildlng Fund
Free reserves
F￿e ￿SerVeS as %age of annua l unrestricted expe ndItU￿ (excl. Straw 8a le costsl
12,796
95,765
81%
7,121
73,589
Investment Policy
In 2019 a company, HrrH Building Development Co Ltd was established to a551St in the management of the
project to build the new Straw Bale Community Hall. The PCC is the sole shareholder of this company. The
PCC'5 shareholding in this company is included as an Investment in these accounts.
The PCC holds some collective investment vehicles or other investments in some of its funds and in two trusts
that it constructively controls, see Note 7 to the Financial Statements.
The remainder of our non-tangible a55ets are held in bank accounts.
Grants Pollcy
The PCC makes grants from its unrestricted funds to support charitable and missionary endeavours both in
the UK and abroad. Currently it aim5 to make grants from this source equivalent annually to approximately
IO% of its incoming unrestricted resources less payments to the Diocesan Parish Support Fund. Sndividuals and
organisations reEularly supported land their locations1 include Children Worldwide IUKI, Eagles Malawi
Imalawil, Pa2 Y Esperanza (South Ameri£al, Prison Fellowship IUKI and Welcare IUKI. The policy of the PCC is
to give Erants on the basis that they are subject to annual review, although where practical we seek to give
reasonable advance warning of likely tem)ination so that retipients Can plan accordingly.
In some cases where a charity is based overseas, the grant is paid to an associated UK-based charity for
remittance to the overseas charity. Further details are provided in Note 3b to the Financial Statements.
One of the PCC'S restricted fund5 15 the Vicarfs Discretionary Fund. It IS Used at the discretion of the Vicar to
assist those in need within the parish or church community.
Where a donor ha5 given to the PCC with the specific intention for their gift to be passed on to a third party
cause le.g. as part of a special collection for TEAR fund), those gifts, along with any relevant Gift Aid, are passed
on to the intended recipient. If the donor has agreed that the PCC may retain the Gift Aid, this is retained by
the PCC. Gift Aid that the PCC reclaims via the Gift Aid Small Donation Scheme on loose collections is also
retained by the PCC'S Main Fund.
Other ¢ommentS
The PCC wishes to express Its thanks for the continued generous giving of all who have contributed financially
and in other ways to the life and mission o* the church.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINifi & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Council
Forthe year ended 31 December 2023
6. ResponslbllSties of Trustees for the Flnanclal Statements
The PCC is responsible for preparing the report and financial statements in accordance with applicable law
and UK Generally Accepted Accounting Practlce.
Charity law in England and Wales requires the PCC to prepare financial statements for each financial year
which give a true and fair view of the state of affairs and of our income and how it was used for that period.
In preparing those financial statements, the PCC is required to..
select suitable accounting policies and apply them consistently:
observe the methods and principles of the Charities SORP,.
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed, subject to any departLtres disclosed
nd explained in the financial statements,. and
prepare the financial statements on the going concern basis unless It is inappropriate to presume that the
activities of the charity will continue.
The PCC is responsible for keeping adequate accounting records whlch disclose with reasonable accuracy at
any time the financial position of the charity and enables them to ensure that the financial statements comply
with the Charitie5 Act 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the
governing document. The PCC is 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. The PCC is
responsible for the maintenance and integrity of the charity and financial information included in the charitvs
website.
7. Approval
The report of the PCC was approved by the PCC on 29 April 2024 and signed on its behalf by..
Rev. Richard Dormandy, PCC Chair

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Report of the Independent Examiner to the Parochial Church Council of HolyTrinity & St Matthia5
Church, Tulse Hlll
I report on the accounts of the Parochial Church Council of Holy Trlnity & 5t Matthia5 Church, Tulse Hill for the
vear ended 31 December 2023, which are set out on pages 10 to 25.
Respective responsibilities of PCC and examiner
The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required
for this year lunder section 144121 of the Charities Act 2011 Ithe 2011 Actll and that an independent
examination 15 needed. l am qualified to undertake the examination by being a qualified member of the
Instltute of Chartered Accountants in England and Wales.
It is my responsibility to..
examine the accounts lunder section 145 of the 2011 Act),.
to follow the procedures laid down in the General Directions given by the Charity Commissioners
(under section 14515llbl of the 2011 Act),. and
to state whether particular matters have come to my attention.
Ba51s ofindependent examiner5, report
My examination was carried o*Jt in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting retords kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual items
or disclosures in the accounts, and the seeking of explanations from you as trustee5 concerning an¥ such
matters. The procedures undertaken do not provide all the evidence that would be required iri an audit and,
consequently, no opinion is given as to whether the accounts present a 'true and fair Vie￿ and the report is
limited to those matters set out in the statement below.
Independent examlners, stotement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the church as required by section 130 of the Act,. or
the accounts do not accord with those records- or
3. the accounts do not comply with the applicoble requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and hove come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mike New5am, 32 Garlies Rd, Forest Hill SE23 2RT
May 2024
3 JI /IL

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAs, TULSE HILL
Statement of Financial Activities
Forthe year ended 31 December 2023
Unrestrided
Urnle5ignated
Unrestfttted
Deslgnated
Funds
2023
Restrirted Entkiwrnent
Fund5
Fund5
2023
2023
Total
202a
Total
2022
2023
Income from..
Don8tions and lesacies
CharStable attl￿tIeS
Investments
Other
107,CrfM
17,227
2,557
253
124,460
376
8,682
1.634
231.464
31.000
11.394
246,416
24,706
660
13,456
13,397
154
Totsl Income
127,041
13,397
135,153
154
275,745
285,237
EjI￿Dd[tUre on..
Charitable activities
Other
106,875
230
202,500
25.857
700
335,232
930
325.061
707
TfAal ExpeThIi￿Tt
107,104
202,StX)
26,557
336.162
325,768
Net Balrts I Ilcssesl
on In¥esimen
823
11,Z391
Nèt lrtorne I
(Expgnditurel
19,937
1189,1031
109A19
130
159.6171
141,7701
Tran51efs between
fund5
191341
1191,3411
N¢t movement In
fur
19,937
2238
181.9221
130
IS9.6171
141,7701
Tota I funds brought
forward
65,$03
8.087
298,550
2,919
375,058
416,828
Totsl fynds ¢arrled
forward
85.440
10,3Z5
216.628
ap49
315.441
375,058

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MATThIAS, TULSE HILL
Balance Sheet
As at 31 December 2023
Urwtrlded Unre5trftted
Undeslgnated
Deslgnated
Funds
Funds
2023
2023
Restricted EThJowment
Funds
Fund5
2023
Note
Total
2023
Total
2022
2023
Fixed assets
Taneible assets
Investments
2,683
149,541
152,224
1,482
4.165
L62,373
166,539
2,371
16,991
Current assets
Debto
C3sh 8tbankand in hand
Total
13,950
37,023
169 375
206,398
SO,973
102 214
153,187
46,727
315 662
362,389
163,7691
10.558
Credltors {aM￿ntS
falllng due withln
yearl..
Amounts atcrued
vetto be paid I
received
Nei CLirrent a$sets
Nei •ssets
Represented bv..
Endowment fund5
Restricted funds
Unrestrlcted
designated funds
Unrestricted
undeslgnated fund
Total
3,015
233
1,036
4.285
4,321
85
3,049
3.049
216.628
2,919
298,550
216,628
10,325
10,325
8,087
85,440
85,440
65,503
10.325
375 058
The financial statements were approved by the PCC on 29 April 2024 and signed on it5 behalf by=
Rev. Richard Dormandy, PCC Chair
Malcolm Kemp, PCC Member
io

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
Forthe year ended 31 Decernber 2023
l. Accounting Policies
The principal accountinE policies adopted, judgements and key sour￿5 of estimation uncertainty in the
preparation of the financial statements are as follows..
Basis of accounting
The financial statements have been prepared under the Charities Act 2011 and in accordance with the
Charities Statement of Recommended Practice: Accountln8 and Reportin8 by Charities Icharities SORP, second
edition 2019, effective l January 20191 and Financial Reporting Standard 102 IFRS 1021. The financial
statements are drawn up on the historical cost basis of accountin8 except for investments and freehold land
and completed buildings which are shown at market value.
As our Diocesan Team has advised us to assijme that our Straw Bale Annexe may be part of the church's
consecrated ground, no value has been included for the Hall in these accounts.
The financial statements include all transactions, assets and liabilities for which the PCC 15 responsible in law.
They do not include the accounts of church groups that owe an affiliation to another body or those that are
informal gatherings of church members.
The PCC owns 100% of the share capital of HThH Building Development Company Limited I"HThH"l. These
accounts are presented on a solo ba515 for the PCC in isolation and do not consolidate HThH's own income and
expenditure into the Pcc's income and expenditure.
The PCC meets the definition of a public benefit entity under FRS 102.
Going Concem
There are no material uncertainties about the charity's ability to continue as a going concern and according
the accounts have been drawn up on a going concern basis.
Recording Income in the Accounts
Voluntary income and donations (including legacie51 are accounted for once the PCC has entitlement to the
income, it is probable the income will be received and the amount of income receivable can be reliably
measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the
relevant donation is received or when a gift aid declaration 15 received by the donor if later.
Interest on funds held on deposit is included when receivable arbd the amount can be measured reliably by
the charity,. this is normally upon notification of the interest paid or payable by the bank.
Recordlng Expenses In the Accounts
Expenditure is included in these accounts as soon as we have a reliable amount for it and are reasonably sure
that the PCC has to pay it. Where payment of the expense is expected to only to happen at some material time
in the future or where we think we are likely to be able to pay a smaller amount le.g. because a di5COUnt 15
likely to be applied) then the expenditure recognised is adjusted accordingly.
The PCC is not itself registered for VAT and accordingly expenditure includes VAT where appropriate.
Charitable expenditure includes those costs in fulfilling the PCC'S principal objertives, as outlined in the Report
of the PCC. These include grants payable, governance costs ?nd an apportionment of support COSts.
li

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MArrHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
Grants payable are payments made to third parties in furtherante of the PCC'S objects. In the case of an
unconditional grant offer this is included in the accounts as soon as the recipient has been notified of the
grant award or the PCC has decided to make the grant if earlier. The notification gives the recipient a
reasonable expectation that they will receive the grant. Grant awards that are subject to the recipient
fulfilling performance conditions are only included in the accounts when the recipient has been notified
of the grant and any remaining unfulfilled condition attaching to that grant is considered near certain to
be met.
Governance costs comprise all costs involving the public accountability of the PCC and its compliance with
regulation and good practice. These costs include costs related to the independent examination and legal
fees.
Taxation
As a charity, the PCC is exempt from tax on income and gains falling within the provisions of the Corporation
Taxes Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable objects. No tax charges have arisen on the PCC.
Assets and Llabllltles
Consecroted Property ond Moveoble Church Furnishings
Consecrated land and benefice property such as the church building and vicarage is excluded from the
accounts in accordance with section 10 of the Charities Act 2011. No value Is put on moveable ohurch
furnishing5 and contents held by the vicar or churchwardens on special trust for the PCC and which require a
faculty for disposal since the PCC considers these to be inalienable Property. All expenditure incurred on
consecrated or benefice building5 and moveable church furnishings, whether maintenance or improvement,
is expensed within the Statement of Financial Activlties.
Freehold Lund & Building
Our Diocesan Advisors are currently working on whether the land and Straw Bale Annexe to the rear of the
church counts as PCC Freehold. For the purposes of this yearfs accounts, they have advised us to assume that
it is not PCC freehold but rather, part of the church's consecrated ground.
Other Fixtures, Fittings & Office Equipment
The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a
straight-line basis over the effective useful life of the asset, which has been estimated as 4 years. Individual
items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Debtors
Trade and other debtors are included at the settlement amount due. Prepayments are valued at the amount
prepaid.
Cash at bonk and in hund
Cash at bank and in hand inclijdes cash and call deposit5 With a short maturity of three months or less from
the date of opening of the deposit.
Current assets
Amounts owing to the PCC at the balance Sheet date in respect of fees, rent or other income are shown in
debtors less provision for amounts that may prove uncollectible.
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASficAL PARISH OF HOLY TRINITY & 5r
MArrHIAS, TULSE HILL
Note5 to the Financlal Statements
Forthe year ended 31 December 2023
Fund occounting
The funds held by the charity can be-
Unrestricted funds - these are funds which can be used in attordance with the charitable objects at
the discretion of the charity. The PCC has internally subdivided its unrestricted funds between
unrestricted undesignated and unrestricted designated funds, the latter beinB unrestricted funds that
the PCC has designated for the time being to be used for specific purpose5.
Restricted funds these are funds that are to be spent only on particular restricted purposes within
the objects of the charity. Restrictions arise when specified by the donor, when funds are raised for
particular restricted purposes or in certain instances when the charity itself ascribes the fund
restricted status.
Endowment funds- these are funds that have been gifted 50 that the charity has use of the income
generated by the fund for its charitable purposes. There are two types of endowment funds:
permanent endowments, where the tapital cannot normally be spent by the charity li.e. they must
normally be held indefinitely, although how the fund's capital is invested does not need to remain
staticl, and expendable endowments, where the charity can exercise the power to spend or apply the
fund's capital lor can choose to defer exercising this power indefinitely) as well as its income.
Dioceson porish supportfund
The PCUS contribution to the Diocesan parish support fund IPSFI is accounted for when payable. Ar4y PSF
contribution unpaid at the calendar year end is provided for in these accounts as an operational Ithough not
legall liability and 15 shown as a creditor in the Balance Sheet.
Volunteers
No financial assessment or capitalisation of the efforts of volunteer5 ha5 been included these accounts as this
would be impractical.
Crltlcal attounting estimates and areas of juilgement
In the view of the PCC, in applying the accounting policies adopted, no judgements were required that have a
significant effect on the amounts recognised in the financial statement5 nor do any estimates or a55umptions
made cary a significant risk of material adjustment in the next financial year.
13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
2. Income
Unrestrfcted Unrestricted
Undeslgnated
Designated
Funds
2023
Restrfcted EIth￿MeNt
Funds
Fund$
2023
2023
Total
Funds
Z023
Total
Funds
2022
Note
2023
Donations and le8a£les
Offerings and donations
GiftDay
Income taxreclaimed
Gr8nts
94,m3
73.988
167,991
IL8,702
12,975
24,588
13,(K>l
7,582
20,583
2a
T￿al
231
Z46.416
Charitable aulvltles
Rental income
Funerals,Weddings
&Banns
Parish Weekends
SolarenergylFiTI
Other
Total
1,880
13.397
15,277
14,175
7.834
5,455
5,455
8,12d
1,768
8.124
1,768
376
1,230
1,467
376
376
13.397
24.706
Investments
I nvestment I ncome
Total
154
660
154
660
Other
Gra nts towz rds VAT
costs underLi5ted
Places of Worship
Scheme
Grants towa rd energy costs
other
Total
165
934
1.099
11,329
1,400
727
88
253
700
788
13A56
Overall Total
135,153
154
275 745
285.237
2a. Grants received
Unrestricted Unrestrirted
Undesignated
Designated
Furx15
Fyros
2023
Restrirted Endwme
Fu￿$
Funds
2023
Z023
Total
Fund5
2023
T￿01
Funds
2022
2023
Aeceiwed from Acfs 435
Grants rowa rds
communlty money
890
890
2,SCrf)
Grants tOW8 rds
livestreaming
Gra nts for Phase IV
Total
3,000
3.000
90,151
90,151
42390
14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 Decernber 2023
3. Expenditure
Unrestrlcted UnrestrfLted
Undeslgnated
DeslBnated
Funds
FyfvY$
2023
2023
Restr5Lted Endrrwment
Fun(ts
Fund5
2023
2023
Total
Furyls
2023
Tixal
Fund$
2022
N¢)le
tharit•bl• •¢tlvltles
Bui I ding C05t Wrlte-down
Chu rch Life & Outreach
OergyRunning Expenses
Oergy Utilitie5 & Phone
Tree WorkslG3 rden Costs
Grants
Insurance
191,341
191,341
10,800
876
1,040
500
5,567
7,165
141,648
3,885
693
1.323
2.228
1,363
6,578
9,906
2,474
876
1,040
500
8.326
5.567
7.165
ccrviLivestreami ng
889
Projector
Missionary&
Charitable Giving
Parish SupportFund
Parish Weekends
Maintenance of
BuildiTrgs and
537
537
3b
5,697
4,643
10,340
9,258
62,880
9,242
62,880
9,242
61,600
1,804
666
6,270
51,372
Publicity&Printing
util Ity and other
running¢o$ts
Rental cost5
Weddings & Funerals
Other
Tthal
210
13,118
13,118
17.252
Ll,159
11,159
1.827
1,683
335,232
11,C69
2,912
I,D72
325.061
1,827
854
75 202 5LXI
829
106
Other
Bank Charges
Other
Totsl
230
230
700
930
357
350
707
700
700
230
Overall T(*al
107.104
336 162
325.768
Costs incurred by the Phase IV Fund that have added to the value of the Straw Bale Bijilding afe covered in
Note 5.
15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
3a.
Grants pald
Unrestriued Vnrestrirted
UTrJeslgnated
Deslgnated
FLS
Restricted Ethwment
FurKIs
Fund5
2023
2023
Yotal
Funds
2023
Total
2023
2023
2022
ACTS 435 clients
Grants from VDF
Totsl
890
890
5,567
1.363
3b.
Missionary and Charitable Giving
Unrestrfcted
Undesignated
2023
Restyltted
Funds
2023
Total
Funds
2023
Total
Funds
2022
Glvlry to oryanlsatlons
Bis hop of Southwa rk Lent Appea I IUKI
8BCChildren in Need Appeal
Cora m (Chidren's Cha rity, UK)
1.250
200
200
200
450
io
1,250
2(
150
150
150
1,250
io
Eagles Ma13wi lmalawi.wa Malawi Supportl
Holy Trinity ￿ Primary Schtsol
HolyTrinIty￿ PrimarySchool-Year6Leaver5' Bibles
Norwood & Brixton Foodbank
Pazy Esperanza (pea￿ &Hope Perul
Prison Fellowship Ichristian Prison Mini5try- London)
Save the Chi I dre n Fund
Si meons Tru5tee5 (Patron5 of Holy Trinity Churchl
Spi nn3 ker Trust Ichristia n Schools tha rity, UK)
Spi res Centre, Streatha m
St Christopher's H05pice, Beckenham
St Ma rtins-l n-the-Fields Church Christmas Appea I
St Mungo's IEndinE HomÈlessness/Rebuilding Livesl
TearFund
Teshie Orphanage (Ghanal
Water Ai
Welcare,London
1.250
io
602
300
200
200
200
150
200
LOD
350
l(K)
150
2QO
lao
Lao
LOO
200
200
200
1.275
150
1,275
1.140
loo
IIK)
GIVI￿ to Individuals
Roband Ruth Kinderman IUKI
Linda Anna (Francel
195
255
450
9,258
All the Restricted Fund expenditure relating to Missionary and Charitable Giving was incurred by the
Congregational Missionary Giving Fund.
16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAS, TULSE HILL
Notes to the Ftnancial Statements
For the year ended 31 December 2023
4. Net Income
This is stated after charging..
2023
2022
Depreciation
1,426
889
This yea¢s and last year's examinations have kindly been provided for no charge by the Independent Examiner.
5. Transfers Between Funds
Transfer5 between Funds involved the following..
2023
2022
Transfer from Senlor Otizens l¥estrlcredl to Phase IV Irestrictedl
Correspondinztransferfrom Phase Ivtostrakv Bale Building lunrestri¢tedl
other tra nsfers from Phase IV to Straw Bale Buildi ng lunrestrlctedl
i.oio
I,oio
190,331
141,648
The transfer In 2023 from the Senior Citizens Fund to the Phase IV Fund was approved by the members of the
Senior Citizens Group reflecting features of the new community hall expected to beneflt senior citizens. The
total transfer from the Phase IV Fund to the Straw Bale Building Fund equals the costs incurred on the building
during the year. all of which were incurred by the Phase IV Fund. These costs were:
2023
2022
se￿ICe5 provided by HThH Bui Idlng Development Co Ltd
171.728
376
850
95.530
165
5.026
10,052
29,680
1,195
141,648
Insurance
Doorins1311ation
Aircondltioningandventilation
Sundry
Total
15,000
6. Tanglble Flxed Assets
FIKtiire5,
flttinBs and
ew11￿eTrt
prt¢YYear
Total
Tctal 2023
Cost
AtlJanuary2023
Addltions
Dlsposals
At 31 Dece mber 2023
3,557
3,220
3.557
3,220
3.557
6,777
6,777
3.557
Depredatlon
At lJanuèry2023
Charge for Yea r
Disp05als
At31 Detember2023
11.1861
1.4261
11,1861
11,4261
12961
18891
12,6121
12,6121
11,1861
Net value
At 31 December2023
At 31 December 2022
2.371
2,371
3,261
17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MArrHIAS. TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
The fixtures, fittings and equipment were held by the Building5 Fund and the Main Fund (representing
equipment purchased as part of the CCTV / Livestreaming / DIg￿tal Mixer element of the 2021 Gift Day Appeal
and the new projector bought in 20231.
7. Fixed Assets Investments
2023
2022
Marketvalue atbeginningolyear
Addltlons to i nvestments at cost
Disp05als of investments
Netgain/llosslon revaluatio
T¢)tal
14,619
146,954
15,747
iii
800
162 373
1,239
14,619
Details of these investments are:
Main Fund (Unrestricted)
At 31 December 2023 the Main Fund held £149,54012022: £2,7401 in ca5h-deposit-like income generating
investment accounts with the Central Board of Flnance of the Church of England ICBFCEI. The accounts are
administered by CCLA acting as custodian trustee on behalf of the PCC. At 31 December 2023 the Main Fund
also held the £1 of share capital of the HThH Building Development Co. Ltd12022.. £11.
Vicar's Di5cretiorJ(Jry Fund (Restricted)
Included in the Vicars Discretionary Fund IVDFI are 412 units in COIF Charities Investment Fund Income Units
held by the H. Reed Trust and 81 units in the COIF Charitie5 Investment Fund Income Units in the Hemmings
Trust, as these trusts are constructively controlled by the VDF. As at 31 December 2023 their combined market
value was E9,78412022.. £8,9601. There is no record of their cost at the time they were acquired. Both are
administered by the Diocese of Rochester and Southwark acting as custodian trustee on behalf of the PCC.
War Memorial Fund (Endowment)
At 31 December 2023 the War Memorial Fund held 69 M&G Charifund Income Shares Wlth a market value of
£99012022.. £1,014). There is no record of their cost at the time they were acquired. At 31 December 2023
the War Memorial Fund also held £2,05912022: £1,905) in cash-deposit-like income generating investment
accounts with the CBFCE. The capital of the Fund 15 currently formed by its holding5 in the M&G Charifund
Income Shares with the rem3inder representing accumulated income. Both are administered by the Diocese
of Rochester and Southwark acting as custodian trustee on behalf of the PCC.
18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financlal Statements
For the year ended 31 December 2023
8. Debtors
Un￿St￿tted [In￿Stricted
Undesignated
Deslgnated
FurKIs
FuTras
2023
2023
Re5trided Endtswment
Furkls
Funds
2023
2023
Totsl
FUNIS
2023
Total
Funds
2022
Income tax
recovera ble
Straw Bale Bullding
prepayments
fjra nts towa rds VAT
costs underListed
Places of Worship
Scheme
Rentsl income
Offeri ngs a nd
donatlons
Tenants, deposits
Vicar's expenses
Totsl
12.561
7.582
20,144
21,602
27,868
27,868
14,596
165
934
1,099
9,057
130
l(K>
198
298
45
440
1,040
257
46.727
1,124
13.950
L,124
50.973
9. Credltors- Amounts Falllng Due Within One Year
Unrestricted
Undeslgnoted
Funds
2023
Unrestricted
Designated
Fut)Js
2023
Restricted EThd¢Mrnerrt
Fund5
FuThls
2023
2023
Total
Furx15
2023
Totsi
Fund5
2022
Accruals..
Misslonary&
Charitable Giwng
Accruals.. PayThents
to Diocese
Bankcharges
Vicarfs expenses
Vlcar'5 runnin8expen5es
Renta l / Ernployment costs
Sundryexpenses I
Tenant5. deposlts
Other
Income ta¥
recovera ble
Rental in¢ome
Total
300
708
164
916
425
141
425
141
367
1,170
189
1.359
132
440
572
1,153
845
1,642
36
233
233
19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MATTHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
10. Undesignated, Designatefl, Restricted and Endowment Funds
loa.
Current Year
At31
December
At31
Gains I
Ilossesl
December
2023
2022
Income Expenrfiture
Transfers
Unrestricted UrnJe5lgna￿d Fu
Main
Total
127,041
127,041
107.104
107,104
85,440
65,503
Urrtstritted De518nat*d Funth
Straw Bale Bui Idin8
Tena nts
T￿al
1191.3411
IL.159
191,341
Restrlcted Fund5
Acfs 435
890
12,L68
18901
16,4931
7,121
12.796
Congregation31
Ml55i0naryGlwng
Im3glne
Phase IV
4,643
14,6431
4.490
251,128
I,oio
540
4.490
L58.440
97,644
1190,3311
11,oioi
Social aub
Tenants
TrinityTots
Tulse Hill CAC
VDF
Youth Ministry
Totsl
1,130
700
11,0951
17CQI
575
2,192
4,492
25.848
1,730
298,550
2.192
13.267
23.278
1,590
823 216,628
191,341
16,583
1.284
113
17,8081
14,6771
252
26,557
823
135,153
En(knvmerrt Fund5
War Memorial
T¢)tsl
154
154
24
Overall Total
375 058
275 745
336 162
315
See Note 5 for further details of costs incurred by the Phase IV Fund.
20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial statements
For the year ended 31 Decernber 2023
lob.
Prior Year
At31
December
At31
Gains I
11055e51
December
2021
IKome
Expenditure
Transfers
2022
Llnre5tsIded UNleslgnated Funds
Main
Total
115,2?7
115.277
ID4,567
104.567
65,503
65,503
Ufftstrirted Designated FuTh4s
StrawBale Buildin8
Tenants
Total
1141,6481
141,648
152 717
Restrf£ted Funds
ongolnB
ACTS 435
33.467
33,979
160,3251
7,121
ConBreg3tlonal
Mlsslonaryfjivin8
Imaglne
Phase IV
Senlor Citlzens
Social Club
Tenants
Tri nity Tots
Tulse Hill CAC
VOF
Youth Ministry
4,258
14,2581
4.490
279,513
I,oio
105
4,490
251,128
I,oio
Sdo
113,263
1141,6481
1,152
350
17161
13501
2,192
5,737
24,796
1,532
35ZW41
2,192
4,492
25,848
11,2191
11.3631
252
3.594
450
11,1791
157 020
298.550
Erxh)wrnent Fur
Warmemoria
TDtsI
76
76
60
60
Ovor411 Total
416
28
Z85
The Funds operated by the PCC and whether land in what ways) they are restricted are:
Maln Fund lunrestrlcted undesign*edl, This fund provides resources and raises income for promotion of
the church's mission (pastoral, evangelistic, social and ecumenicall in the ecclesiastical Parish of Holy Trinitv
and St. Matthias Church and its local community and for the normal day to day running costs of the parish
church building complex of Holy Trinity and St. Matthias Church. The Church building. which is a Grade11
listed building, is located in Trinity Rise, London SW2 2QP in the Diocese of Southwark. The Church is in the
Brockwell Park conservation area.
Straw 8ale Building Fund (unrestricted designated). This Fund holds the Straw Bale Building currently under
construction. As explained in Note I, following advice from our Diocesan Team, no value has currently been
included in these accounts in relation to this building, by including a Building Cost Write-down applicable to
this Fund.
21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
Tenants Fund {unrestrirted designated) and Tenants Fund Irestrictedl- Until 2020, income from a property
1100 Trinity Rise) rented by the church and sub-let to others was assigned a restricted status by the PCC in its
attounts. A review of the Charities SORP concluded that there was no continuing need for the PCC to assign
restricted status to such income streams in the future but it is still considered desirable to have separate
designation in these Accounts of rental income from this source and associated expenditure. By the end of
2021 the Tenants Fund Irestrictedl no longer had any net assets but is still in operation to cater for tenancv
deposits that need to be kept separate from other church funds.
Acfs 435 Fund Irestrlcted). Acts 435 is a charity whose website allows people from all parts of the country to
Eive money online for those who are in urgent need. The service is managed through a network of churches
and donations are given quickly to those in need. The PCC is part of the network having signed up in January
2011. In 2023, £8901£0 in 20221 was paid out by the PCC to 4 applicants10 in 20221 who were experiencing
financial hardship. Thi5 fund disburses 8rants received from ACTS 435 for these purposes.
Building Fund Irestrirtedl. This fund supports major repairs, major redecoration and other enhancements to
the general church building structure. During 2023 much of this fund's expenditure related to electrical and
roofing work.
Congregational Mlsslonary Giving Fund Ire5trirtedl. This fund Channels donations by church members to
specified missionaiies or other charities with objectives compatible with the PCC'S own objectives.
Imagine Fund Irestrictedl. This fund supports the church's Community Outreach Projects having originally
been run in connection with the work of two part-time Community Outreach Workers, Aileen Garden and
lacky Sutcliffe, who retired on 30June 2017.
Phase IVAppeal Fund- Straw Bale Builder Project Irestrirtedl. Ouroverall fundraising target at end December
2023 is £1,200,000 lend 2022= £1,200,000) of which £1,097,923 had been raised by end 2023 lend 2022:
E999,2701 and £939,483 spent by end 202312022- £748,142).
Senlor Citizens Fund {restrictedl. Thi5 fund 5UPPOrts activities sponsored by the PCC for senior citizens le.g.
outings and a Senior Citizens, bible study).
Social Club Fund {restricted). This fund supports the work of Trinity Social Club which is a club organised bv
the PCC for people living in and around Tulse Hill who would like to get out and mix.
Trlnlty Tots Fund Irestrictedl. This fund supports OLttreach to those with very young thildren.
Tulse Hlll Communlty Advice Centre Fund Irestrirtedl {Yulse Hill CAC"). This fund supports thè provision of
community money advice. On 25 July 2017 the PCC became an Affiliate Member of Community Money Advice
ICMAI. CMA is a nation81 charity committed to supporting churches and other community groups with a vision
to help people overcome their money problems and make a fresh start on a stable financial footing free from
the blight of indebtedness. Following the affiliation, a team of church volunteers were successfully trained by
CMA as Debt Coaches which included passing an online Financial Conduct Authority test. Currently the Centre
Manager is YetuTrde Akintunde. The aims of the Advice Centre are-
lal To help people concerned about financial issues by providing money management support;
Ibl To support people who are in debt to find a realistic plan to live within their needs and to 5UPPOrt
them in dealing with their creditors,.
22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLYTRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2023
Icl To empower local people by providing a place where they can find the information they need; and
Idl To offer practical help from links with Acts 435, food from a parish larder and food from a local food
bank.
Vicarfs Discretionary Fund {restrirtedl {WDF"). This fund is used at the discretion of the Vicar to assist those
in need in the parish or with another link with Holy Trinity. The H Reed and Hemmings trusts are constructively
controlled by the Vicarfs Discretionary Fund and are subject to similar restrictions so are included in the assets
of the Vicar's Discretionary Fund. These two trusts are administered by the Diocese of Rochester and
Southwark acting as custodian trustee on behalf of the PCC.
Youth Ministry Fund Irestrlcted). This fund supports work involved with Youth Ministry including Youth
Chufch having originally been run in connection with the work of a full-time salaried YoLrth Worker who left
on 31 August 2011.
Occasional Fund5. From time to time, the PCC also establishes one-off funds handling specific donations given
for specific time-limlted purposes.
War Memorial Fund (expendable endowmentl. This fund is administered by the Oiocese of Rochester and
Southwark acting as custodian trustee on behalf of the PCC. The PCC 15 entitled to use the income from this
tund. Records held by the Diocese of Rochester and Southwark indicate that this fund is an expendable
endowment fund.
11. Related Party Transactlons and Balances
During 2023120221, members of the PCC or their close associates lincluding spou5e518ave lor directed other
charities to give) amounts as below in unrestricted offerings and donations to the PCC. The PCC made
payments lor prepayments) to HThH Building Development Co Ltd as shown below. The PCC also met expenses
incurred by some PCC members for church purposes, employment costs for I member or close associate
12022.. 01 and provided grants for O members of the PCC or close associates12022.. 11 as shown below.
Total
Total
2023
2022
Total donated byPCCmembers ItfU5tees1 and their5POU5e5 Withoutconditions
43,620
39,375
PCC payments or prepayrne nts to HTTH Bulldl ng Development Co Ltd.
185,1
85.0(K)
Expenses, employmentcosts orgrants paid to mernbers of the PCC
Numbers of PCC members to whom expenses, employment casts or8ra nts were pald
10.746
4,338
The PCC member employed bythe PCCwasYetun(le Akintunde, who was employed as centre manager forthe
Tulse Hill Community Advice Centre. During 2023, total employment Costs lincluding pensions and employer
and employee National Insurance) incurred by the PCC in relation to her employment were £5,47712022'. £01.
23