THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
HOLY TRINITY & ST MArrHIAS, TULSE HILL
Diocese of Southwark
Our aim is to be channels of God's transforming love
Annual Report & Accounts
Year Ended 31 December 2024
Charity Registration Number: 1133884
Website,. www.htth.or
.uk
"Your 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 servants."
Contents
Page
Legal and administrative information
Report of the Parochial Church Council
Independent Examinerfs report to the Parochial Church Council
Statement of financial activities
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 admlnlstratlve information
For the year ended 31 December 2024
Charlty Name
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & St
Matthias, Tu15e Hill {the 'PCC'I
1133884 (registered with the Charity Commission, entered into the Register of
Charities on 28January 2010)
Principal Address
Holy Trinity Church, 51 Trinity Rise, London, SW2 2QP
Governing Document Parochial Church Council Powers Measure119561 as amended and Church
Representation Rules
Promoting in the ecclesiastical parish the whole mission of the Church
Charity Number
Purpose as per
Governing Document
Members of the PCC Members of the PCC are either ex officio or elected by the Annual Parochial Church
Meeting {"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 27
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:
Clergy lex offlclo)
th
Revd Richard Dormandy {Chair, Vicar}
Revd William Sharpe (Non-stipendiary)
Dlocesan Reader (ex officlo) Gloria Otu-simon
Churchwardens (ex offlcio)
Fay Morris
Nicole Lyon
Lay representatlves to the
Deanery Synod (ex offlcio)
Elected lay representatives
Jamie Lobban
Yetunde Akintunde
Zebida Gardner-sharper {from 21 May
2023)
Amy Grant {from 21 May 2023}
Alicia Humphrey5 (from 21 May 20231
David Jowsey
Malcolm Kemp (to 19 May 2024)
Alice Odusina (to 19 May 2024)
Rebecca Robertson
Georgie Snyder {to 10 June 241
Jacky Sutcliffe (from 21 May 2023)
Adam West (from 21 May 20231
Naomi Kemp
Sina Taiwo
Anne-marie Harrison
Oliver Thomas (from 25 November 2024)
Key Management
Personnel
Those in charge of directing, 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 E14 5HP
Bankers

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Councll
For the year ended 31 December 2024
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & St Matthias, Tulse Hill (the 'PCC"I
submits its report and the financial statements of the PCC for the year ended 31 December 2024. The financial
Statements have been prepared on an accruals basi5 in the format prescribed by the Statement of
Recommended Practice: Accounting and Reporting by Charities {Charities SORP, second edition 2019), and the
Financial Reporting Standard 102. The legal and administrative information set out on page 2 forms part of
this report.
The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and
beyond. It also has responsibility for paid staff {if 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, safeguarding, 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 Meeting {APCM) in accordance with 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 {or part thereof). The maximum number permitted is 15
where the electoral roll exceeds 200 names.
The full PCC met 8 times during the year with an average attendance of 600/0. Five of these were held in person
and three 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 Standlng Committee
Urgent matters can be transacted between PCC meetings by the PCC Standing Committee. This Committee
has the power to transact any business of the PCC between its meetings, subject to any directives given bythe
PCC, and during the year comprised the Vicar, the Churchwardens, the Secretary, and two members of the
pcc.
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 130 {2023' 127). 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 assessed the major risks to which we are exposed, in particular some specific
operational areas and our investments and finances. The PCC believes that
by monitoring reserve levels
by ensuring that controls exist over key financial sy5tem5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Council
For the year ended 31 December 2024
by establishing a health and safety policy
by implementing a safeguarding policy
by examining and monitoring other operational risks
we have established effective systems and procedures to mitigate these risks.
Safeguardlng
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. Activitles, Strategles and Publlc Beneflt
It is a legal requirement for all charities to exist and act for "public benefit" To this end the PCC doe5 the
following in order to enable ordinary people to live out their faith as part of the parish community:
It provides facilities 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, service 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 Tu15e Hill
Community Advice Centre and the Social Club, see Note 10 to the Financial Statements.
3. Review of the Year
The single most significant event of the year was the opening of our Hand Built (straw bale) Hall, which
th
took place on April 20 Work had been completed by March 31, which was exactly seven years to
the day since we broke ground. Over 600 volunteers had been involved during that time, and the
building was opened by a group of them with othersupporters. A memorial plaque is fixed in the apse.
Having the hall significantly adds to our insurance bill, so it is essential for the hall to generate income
as a matter of course in order to mitigate this drain on mission and ministry resources. Furthermore,
while the 19.8kWh solar panels generate a lot of energy, our electricity bill has gone up since using
the hall. This points to the necessity of installing solar batteries as soon as possible so that power may
be stored and used by us instead of being sold back to the grid at a much lower rate. Fortunately, our
insurance company finally agreed to the installation and siting of batteries in the Autumn of the year.
Use of the hall will be an evolving process, Working out our pricing and protocols has taken place
dynamically, with tweaks made in response to experience. Compared to, for example, Brockwell Hall,
our hire prices are much friendlier. Other community halls are cheaper, but not nearly such good
spaces. We are also aware that if we set our prices much lower, we could easily be deluged- and we
don't have any staff dedicated to this. In order to pay staff who can look after the hall, we need to
generate more bookings- so currently we are betwixt and between! One final point to mention on
our pricing policy is that we've currently set a £2,000 cap on a "single event" in the church & hall - so
for example, a wedding or funeral service with a reception space will not cost more than £2,000. This
makes us super-competitive on price for a package, but it's also a way of recognising that these are
very expensive times for people and we want to help.
We have so far had a number of bookings: birthday parties, funerals, a wedding and a nine-night -
plus some church events as well as our regular Community Money Advice Centre and Trinity Kids on
Sundays. We were also expecting to re-host our Trinity Social Club in the hall, but unfortunately the
group didn't have enough leaders to make this viable. Much work was done in the final months of the
year to recast the club and recruit new leaders, but without success. In the Spring of 2025 Anne-marie

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Councll
For the year ended 31 December 2024
discovered a club at Lansdowne Evangelical Church, which had leaders but lacked members- so the
club has relocated there. In due course, we aim to re-establish a social coffee morning here, Our other
church events have included games afternoons, Confirmation Service Reception, and a Light Party.
Our youth church ha5 continued to play an important part in our Services on the last Sunday of the
month, and younger children {Y5 and older) continue to help with the administration of Communion
at the All Age Service. The fact that we admit children to Communion from the age that they eat solids
in no way diminishes the significance of Confirmation later. We had a good number of young people
confirmed in the Autumn of 2024, with another healthy number being prepared for the Spring of 2025
and this is in addition to those confirmed through their schools. Instead of being a gateway to
receiving communion, confirmation is absolutely what it should be: the public ownership of a person's
faith.
Our Main Fund lunrestrictedl ended the year at £88,064 (2023: £85,440). our Building Fund ended the
year at £30,00012023', £12,796); our Tulse Hill Community Advice Centre Fund ended the year at
£9,17712023 £13,267); and our remaining Funds ended the year at £39,93512023: £45,498). 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" basis. 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. Financlal Revlew
The PCC'S main sources of funding are donations from church members and others in attendance at church
services and gift aid reclaims on these donations.
Overall Flnanclal Actlvlty and Flnanclal 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 £148,267 during the year {2023: reduced by £59,617). The balance sheet
shows total net assets at the end of the year of £167,176 lend 2023: £315,441}.
Included in total funds are amounts totalling £67,462 which are restricted (or represent endowments) lend
2023: £219,676). These balances have either been raised for specific purposes or they comprise donations
subject to donor imposed conditions. Further details of these funds can be found in Note 10 to the Financial
Statements together with an analysis of movements over the year.
Reserves Policy
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¥0 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 existence of our restricted building fund to support major repairs and renovation work to the church
building. At 31 December 2024 the church had net free reserves and funds in it5 Building Fund as set out
below:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAs, TULSE HILL
Report of the Parochial Church Councll
For the year ended 31 December 2024
At31
December
2024
At31
December
2023
Bulldlng Fund
Free reseNes
Free reserves a5 knge of annual unrestricted expendlture lexcl. Straw Bale costs)
30,000
99,214
90%
12,796
95,234
81%
Investment Policy
In 2019 a company, H￿H Building Development Co Ltd was established to assist in the management of the
project to build the new Straw Bale Community Hall. The PCC was the sole shareholder of this company, the
company was closed in October 2024.
The PCC holds some collective investment vehicles or other investments in some of it5 funds and in two trusts
that it constructively controls, see Note 7 to the Financial Statements.
The remainder of our non-tangible assets are held in bank accounts.
Grants Policy
The PCC makes grants from its unrestricted funds to support charitable and missionary endeavours both in
the UK and abroad. Currently it aims to make grants from this source equivalent annually to approximately
IO% of its incoming unrestricted resources less payments to the Diocesan Parish Support Fund. Individuals and
organisations regularly supported land their locations) include Children Worldwide {UKI, Eagles Malawi
Imalawil, Paz Y Esperanza (South America}, Prison Fellowship IUKI and Welcare (UK). The policy of the PCC is
to give grants on the basis that they are subject to annual review, although where practical we seek to give
reasonable advance warning of likely termination so that recipients 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 3a to the Financial Statements,
One of the PCC'S restricted funds is the Vicar's 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 has 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 forTEAR 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 15 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 comments
The PCC wishes to express its thanks for the continued generous giving of all who have contributed financiallv
and in other ways to the life and mission of the church.
6. Responsibilities of Trustees for the Financial Statements
The PCC is responsible for preparing the report and financial statements in accordance with applicable law
and UK Generally Accepted Accounting Practice.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Report of the Parochial Church Council
For the year ended 31 December 2024
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 15 required to".
select suitable accounting policies and apply them consistently;
observe the methods and principle5 of the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed
and explained in the financial statements; and
prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the
activities of the charity will continue.
The PCC is responsible for keeping adequate accounting records which 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 Charities 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 charitWs
website.
7. Approval
The report of the PCC was approved by the PCC on April 28 2025, and signed on its behalf by:
th
Rev. Richard Dormandy, PCC Chair

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MATTHIAS, TULSE HILL
Report of the Independent Examiner to the Parochial Church Council of Holy Trinity & St Matthias
Church, Tulse Hill
I report on the accounts of the Parochial Church Council of Holy Trinity & St Matthias Church, Tulse Hill for the
year ended 31 December 2024, which are set out on pages 9 to 22.
Respertive responslbllltles of PCC and examlner
The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required
for this year (under section 144{21 of the Charities Act 2011 (the 2011 Actll and that an independent
examination is needed. l am qualified to undertake the examination by being a qualified member of the
Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
examine the accounts {under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners
{under section 145{51{b) of the 2011 Act); and
to state whether particular matters have come to my attention.
Basis of independent exominers, report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records 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 trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit and,
consequently, no opinion is given as to whether the accounts present a 'true and fair view, and the report is
limited to those matters set out in the statement below.
Independent examiners, statement
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 record5 were not kept in respect of the church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 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 have 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.
IIJGJ
Mike Newsam, 32 Garlies Rd, Forest Hill SE23 2RT

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Statement of Financial Activities
For the year ended 31 December 2024
2024
2023
Unrestrlcted
Fund5
Deslgnated Restrlctèd
Funds
Funds Endowment Funds
TOTAL
TOTALFUNDS
FUNDS
Note
Income from..
Voluntary Income
Charitable Actlvitles
Incomefrom Property
Investments
Other income
114,593
2,858
12,345
4,080
239
70,147
120
1,273
152
3,968
75,660
184,740 231,464
2,978
31,000
27,108
4,232
11,394
4.207
1,887
223,264 275,745
13,490
Total Income
134,114
13,490
Expenditure on:
Charltable activities
Other
113,286
715
12,166 245,668
371,121 335,232
715
930
Total Expendlture
114,001
12,166 245,668
371,836 336,162
Net galn51llosse51 on Investments
Net IncomellExpenditurel
304
1169.7041
304
148,267
800
159,6171
20,113
1.324
Transfers between funds
117,4891
20538
13.0491
Net movement In funds
2,624
1,324
149,1661
13,0491
1148,2671 159,6171
Total funds brought forward
85,440
10,325
216,628
31)49
315,441
375,058
Total funds carrled forward
88.064
11,649
67,462
167.176
315,441

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MATTHIAS, TULSE HILL
Balance Sheet
As at 31 December 2024
TOTAL FUNDS 2024
TOTAL FUNDS 2023
Note
FIXED ASSETS
Tangible Assets
Investments
Total Fixed
2,471
127.507
129.978
4,165
162,373
166,539
CURRENT ASSETS
Debtors
Cash At Bankand In Hand
Total Current Assets
15,476
26,756
42.232
50,973
102,214
153,187
UABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
5,034
4,285
NET CURRENT ASSETS
37,198
148,902
UABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
NET ASSETS
167.176
315.441
REPRESENTED BY:
Endowment Fund
Unrestricted Funds
Designated Fund
Restricted Funds
TOTAL FUNDS
io
3,049
85,440
10,325
216,628
315,441
88,064
11,649
67,462
167,176
The financial statements were approved by the PCC on April 28th 2025 and signed on its behalf by:
Rev. Richard Dormandy, PCC Chair
Nicole Lyon, Church Warden
io

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAs, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
l. Accounting Pollcles
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
Basls of accountlng
The financial statements have been prepared under the Charities Act 2011 and in accordance with the
Charities Statement of Recommended Practice,. Accounting and Reporting by Charities (Charities 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 accounting except for investments and freehold land
and completed buildings which are shown at market value.
As our Diocesan Team has advised us to assume that our Hand Built Hall annex 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 is 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 owned IOOYO of the share capital of HThH Building Development Company Limited I"HThH"). These
accounts are presented on a solo basis for the PCC in isolation and do not consolidate H￿H'S own income and
expenditure into the PCC'S income and expenditure, HrrH was closed in October 2024.
The PCC meets the definition of a public benefit entity under FRS 102.
Going Concern
There are no material uncertainties about the charity's ability to continue as a going concern and accordingly
the accounts have been drawn up on a going concern basis.
Recording Income in the Accounts
Voluntary income and donations {including legacies) 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 is received by the donor if later.
Interest on funds held on deposit is included when receivable and 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 500n 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 {e.g. because a discount IS
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 cost5 in fulfilling the PCC'S principal objectives, as outlined in the Report
of the PCC. These include grants payable, governance costs and an apportionment of support costs.
11

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 2024
Grants payable are payments made to third partie5 in furtherance 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
fulfillinE 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 object5. No tax charge5 have arisen on the PCC.
Assets and Liabilities
Consecrated Property and Moveable 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 church
furnishings 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 buildings and moveable church furnishings, whether maintenance or improvement,
is expensed within the Statement of Financial Activitie5.
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 bank and in hand
Cash at bank and in hand includes cash and call deposits with a short maturity of three months or less from
the date of opening of the deposit.
Current ossets
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.
Fund accounting
The funds held by the charity can be:
Unrestricted funds- these are funds which can be used in accordance with the charitable objects at
the discretion of the charity. The PCC has internally subdivided its unrestricted funds between
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
unrestricted undesignated and unrestricted designated funds, the latter being unrestricted funds that
the PCC has designated for the time being to be used for specific purposes.
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 so 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 capital 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
static), 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 parish supportfund
The PCC'S contribution to the Diocesan parish support fund IPSF} is accounted for when payable. Any PSF
contribution unpaid at the calendar year end is provided for in these accounts as an operational (though not
legal) liability and is shown as a creditor in the Balance Sheet.
Volunteers
No financial assessment or capitalisation of the efforts of volunteers has been included these accounts as this
would be impractical.
Critical accounting estimates and areas of Judgement
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 statements nor do any estimates or assumptions
made carry 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 2024
2. Income
2 INCOME
2024
2023
TOTAL
Notes
Unrestrlcted
Designated
Rtstrkted
TOTALFUNDS
Voluntsry Intome
Offerings & Donations
Spècial appeals
GrftAid from HMRC
Grants
94,343
321
19,256
673
114.593
55,450
2,041
12,656
149,793
2,362
31,912
673
184,740
167,991
20583
44,777
233,351
70,147
Charltable actlvltles
Church Events and Incomefrom Attlvf(ies
Funeral. Weddlng, & Banns
605
2,253
2,858
120
725
2,253
2.978
8,124
5,455
13,579
120
Income from Propeity
Church Property Income
Hall Propety Income
Solar Energy Income
FlatRental Income
4,974
7371
4,974
7371
1,273
13A90
27.108
1,880
1,273
1,768
13,397
17,045
13,490
13,490
12.345
1.273
Investrnents
Investment Income
4.080
4,080
152
4,232
4,232
11,394
11.394
152
Other Income
Other Income
239
3,968
3,968
4,207
4,207
376
376
239
Total Intome
134,114
13,490
75,660
223.264
275.745
14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAs, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
3. Expenditure
2024
2023
TOTAL
Unrestrlcted
Deslgnated
Re5tridèd
TOTALFUNDS
Charikble Acltvltles
Building Costs
Church bfe
Productlon & Worship
Cleoy Accommo(Sation Costs
Clèrgy Expenses
Trinity Kid5 & Youth
Evangeli5rn & Local Mission
Flnance Costs
Garden Malntenance
Grants & Giving to othercharities
Parishsupport Fund
rish Events & Coordination
InsuTrn
Maintenance
Rental Costs
Utilitles & OthèrRunning Costs
Wedding & FuneTrls
Salaries
Staff Expense5
VlcarDisuetlonary Fund
Other Expenses
Totsl Charitsblè Attfvlttes
218367
218,367
5,554
4,020
1,231
2KJ14
2,555
2,987
3,782
607
191341
10,800
IA26
1,040
876
5,554
4X)20
1,231
2K)14
iii
IP46
3,782
607
4,9(K)
65,4(K)
532
1,941
5(￿j
3.181
8x181
65A
532
4051
4R90
13,246
10?72
360
11382
684
9,607
15,907
62,880
9.242
7,165
6,270
11,159
13,118
1027
4,851
4,890
12,166
1.080
10,972
360
11,382
684
9,607
1fi83
335,232
113.286
12,166
245,668
371,121
Other
Bank Charges
Other
Total Other
391
391
230
324
324
700
715
715
930
Totsl ExPend￿re
114,001
12,166
245.668
371.836
336,162
15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Notes to the Financlal Statements
For the year ended 31 December 2024
3a.
Missionary and Charltable Glvlng
2024
Restrlcted
2023
3a. M1$51on Grants
Unrestrlcted
Total
Total
Act5435
Alzhelmers Soclety
Grants from VDF
Blshop of Southwark Lent Appeal IUKI
BBC Childredn in Need
Coram (Childrens Charitvfft UK)
Crisis IUKI
Eagles Malawi (Vla Malawl Support)
Holy Trinity CE Primary School
HolyTrinity CE Prlmary School -year 6 Leavers Blbles
Norwood & Brlxton Foodbank
Paz Y Esperanza (Peace & Hope- Perul
Prison Fellowship
Save the Children
SlmeonsTrustees (Patrons of HolyTrinity Church)
Spinnaker Trust
Spires Centie, Streatham
St Christophers Hospite, Beckenham
st Martins-In-the-Flelds Church- Chrlstmas Appeal
St Mungo's
Tear Fund
Teshle Orphanage (Ghanal
WaterAid
Welcare. London
Rob and Ruth Klnderman Ichlldren Worldwlde, UK)
Linda Ann (France)
200
221
9,607
200
200
200
200
360
200
221
9,607
200
200
200
200
1.160
890
4,677
1,250
200
200
200
1,250
io
602
300
800
800
200
200
loo
300
loo
200
200
1,275
800
300
800
800
300
800
800
200
200
loo
loo
loo
200
200
1,200
200
200
loo
loo
loo
200
200
1,200
loo
800
800
loo
800
800
loo
800
800
450
15,907
4,900
12,988
17,888
All the Restricted Fund expenditure relating to Missionary and Charitable Giving was incurred by the
Congregational Missionary Giving Fund.
4. Governance Costs
Thisyearfsand last year's examination5 have kindly been provided for no charge by the Independent Examiner.
5. Transfers Between Funds
Transfers between Funds involved the following:
5. Transfers Between Funds
2024
2023
Transfersfrom Senlor Citlzens Irestrictedl to Phase IV Irestrlcted
Correspondingtranslersfrom Phase Ivto straw bale bulldlng lunrestrlctedl
Other transfersfrom Phase Ivto Straw Bale Buildlng lunrestrSctedl
Transfer from Maln Fund to Building fund
Transfer from Main to Misslon Fund
Transfer from Main Fund to Phase IV
Transfer from War Memorial Fund to Phase IV
Total
I,oio
i.oio
190.331
15,725
459
1,305
3,049
20,538
192,351
16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
6. Tangible Fixed Assets
Flxtures, fittlngs,
and Equipment
Cost at lJanuary2024
Additionsduringtheyear
Disposalsduringtheyear
Cost at 31 December 2024
6,777
6,777
Depreciation at l January 2024
Chargefor theyear
Disposals duringtheyear
Depreciation at 31 December 2024
2,612
1,694
4,306
Net Bookvalueat ljanuary 2024
4,165
Net Bookvalueat 31 December 2024
Thechurch building isaconsecrated buildingwhich is used and maintained bythe Parish.
The fixtures, fittings and equipment were held by the Buildings Fund and the Main Fund {representing
equipment purchased as part of the CCTV / Livestreaming / Digital Mixer element of the 2021 Gift Day Appeal
and the new projector bought in 2023).
7. Fixed Assets Investments
2024
Shares
2023
Total
Total
Market Value at beginning of the year
Additions
Disposals/redemptions
Net Gai n / {Lossl on revaluation
Total
162,373
162,373
14,619
146,954
35,170
304
35,170
304
800
127 507
127 507
162 373
Details of these investments are:
Main Fund (Unrestricted)
At 31 December 2024 the Main Fund held £117,50312023: £149,540) in cash-deposit-like income generating
investment accounts with the Central Board of Finance of the Church of England ICBFCE). The accounts are
administered by CCLA acting as custodian trustee on behalf of the PCC.
Vicorfs Discretionory Fund (Restricted)
Included in the Vicars Discretionary Fund IVDFI are 412 units in COIF Charitie5 Investment Fund Income Units
held by the H. Reed Trust and 81 units in the COIF Charities Investment Fund Income Units in the Hemmings
Trust, as these trusts are constructively controlled bythe VDF. As at 31 December 2024 their combined market
value was £10,005 (2023: £9,784}. 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.
17

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 2024
War Memorial Fund (Endowment)
At 31 December 2023 the War Memorial Fund held 69 M&G Charifund Income Shares with a market value of
£990. There is no record of their cost at the time they were acquired. At 31 December 2023 the War Memorial
Fund also held £2,059 in cash-deposit-like income generating investment accounts with the CBFC£.
th
At the PCC meeting held on April 29 2024, the PCC resolved to liquidate our holdings in the War Memorial
Fund to part finance the cost of the Memorial Garden.
8. Debtors
2024
2023
Offeringand donation
Prepayments
Gift Aid recoverable
Deposits
Grant5 receivable
Vicars Expenses
Loan
Total Debtors
444
11,800
1,920
440
673
298
27,868
20,144
440
1,099
1,124
200
15,476
50,973
9. Creditors- Amounts Falllng Due Wlthin One Year
2024
2023
Accounts Payable
Bank Charges
Missionaryand Charitablegiving
Rental and Employment Costs
Sundry /Tenantsdeposits
Other
Vicars Exp and running costs
1,240
2,500
32
600
663
708
1,592
572
845
566
4,285
5,034
18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
mA￿HlAs, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
10. Undeslgnated, Designated, Restrlcted and Endowment Funds
loa.
Current Year
At 31st
December
2024
At Istjan 2024
ncome
Expenditure
Transfers
Unrestrlcted
Main
Total
85,440
85,440
134,114
134,114
1114,0011
114,001
117,4891
17,489
88P64
88,064
Designated Fund5
Tenants
Total
10.325
10,325
13,490
13,490
112,1661
{12,1661
11,649
11,649
Restricted Funds
Acts 435
Bulldlng
Missionary Giving
Imagine
phase IV
Senior Citizens
Social Club
Trinlty Tots
TulseHill CAC
VDF
Youth Mlnlstrv
Total
250
12001
50
12,796
1,479
2,723
15.725
459
30IX)O
13,1811
11,0801
1218,3671
4,490
158A40
3.410
55,573
4,354
575
115
690
2,192
9,177
15,223
6,721
67,462
2,192
13,267
23,278
1.590
216,628
9,033
1,552
5,242
75,964
113,1221
19.6071
Iiiii
{245,6681
20,538
Endowment Fund
War Memorial
Total
3,049
3,049
13,0491
(3,0491
c￿erall Total
315,441
223,568
371,8361
167,175
19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Flnanclal Statements
For the year ended 31 December 2024
lob.
Prior Year
At 31st
December
2022
At 315t
December
Income
Expendlture
Transfers
2023
Unrestrlcted
Main
Total
65503
65,503
127KJ41
127,041
1107,1041
1107,1041
85,440
85,440
Deslgnated Funds
Straw Bale Building
Tenants
11913411
111,1591
202,500
191,341
8,087
8,087
13,397
13,397
10,325
10,325
Tolal
191,341
Restricted Funds
Acts435
Buildlng
Mlsslonary Glving
Imaglne
Phase IV
Senior Citizens
Social Club
Tenants
890
18901
16.4931
14,6431
7,121
12.168
4,643
12,796
4,490
251.128
i.oio
540
4,490
158.440
97,644
1,130
700
11,0951
17001
575
TrlnityTots
Tulse Hlll CAC
VDF
Youth Mlnlstry
Total
2,192
4,492
25,848
1,590
298,550
2,192
13,267
23,278
1,590
216,628
16583
1,284
113
17.8081
14.6771
12521
126,5571
823
135,153
823
Endowment Fund
War Memorial
Total
2,919
2,919
154
154
1241
1241
3,049
3,049
(￿erall Total
375,058
Z75,745
1336,1621
800
315,441
The Funds operated by the PCC and whether {and in what ways) they are restricted are:
Main Fund (unrestricted undesignated). This fund provides resources and raises income for promotion of
the church's mission (pastoral, evangellstic, social and ecumenicall in the ecclesiastical Parish of Holy Trinity
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.
Tenants Fund {unrestricted designated) and Tenants Fund (restricted), Until 2020, income from a property
{100 Trinity Rise} rented by the church and sub-let to others was assigned a restricted status by the PCC in its
accounts. A review of the Charities SORP concluded that there was no continuing need for the PCC to assign a
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
20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MArrHIAS, TULSE HILL
Notes to the Financial Statements
For the year ended 31 December 2024
2021 the Tenants Fund Irestrictedl no longer had any net assets but is still in operation to cater for tenancy
deposits that need to be kept separate from other church funds.
ACTS 435 Fund (restrlcted). Acts 435 is a charity whose website allows people from all parts of the country to
give 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 2024, £2001£890 in 20231 was paid out by the PCC to l applicant14 in 20231 who were experiencing
financial hardship. This fund disburses grants received from ACTS 435 for these purposes.
Buildlng Fund Irestricted). This fund supports major repairs, major redecoration and other enhancements to
the general church building structure.
Congregatlonal MissFonary Giving Fund (restricted). This fund channels donations by church members to
specified missionaries or other charities with objectives compatible with the PCC'S own objectives.
Imagine Fund (restrlcted). 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
Jacky Sutcliffe, who retired on 30June 2017.
Phase IV Appeal Fund Straw Bale Builder Project (restrlcted). The build was completed the early part of
2024.
Senior Citizens Fund (restricted). Thi5 fund was closed and transferred to Phase IV.
Social Club Fund (restricted). Thi5 fund supports the work of Trinity Social Club which is a club organised by
the PCC for people living in and around Tulse Hill who would like to get out and mix.
Trinity Tots Fund (restricted). This fund supports outreach to those with very young children.
Tulse Hlll Community Advice Centre Fund Irestrlcted) I"Tulse Hill CAC,). This fund supports the provision of
community money advice. On 25 July 2017 the PCC became an Affiliate Member of Community Money Advice
ICMA). CMA is a national charity committed to supporting churches and other communitygroups 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 Georgie Snyder. The aims of the Advice Centre are:
(al 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 support
them in dealing with their creditors;
Ic) To empower local people by providing a place where they can find the information they need; and
{d) To offer practical help from link5 With Acts 435, food from a parish larder and food from a local food
bank.
Vicarfs Discretionary Fund (restricted) {'VDF"). 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
21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST
MAThHIAS, TULSE HILL
Notes to the Flnanclal Statements
For the year ended 31 December 2024
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
Church having originally been run in connection with the work of a full-time salaried Youth Worker who left
on 31 August 2011.
Occasional Funds. From time to time, the PCC also establishes one-off funds handling specific donations given
for specific time-limited purposes.
War Memorial Fund (expendable endowment}. This fund was administered by the Diocese of Rochester and
Southwark acting as custodian trustee on behalf of the PCC. The PCC resolved to close this fund in 2024, the
proceeds of which were transferred to be used towards our new memorial garden.
11. Related Party Transactions and Balances
The PCC also met expenses incurred by some PCC members for church purposes, employment costs for I
member or close associate12023: 1) and provided grants for I member of the PCC or close associates12023:
2024
2023
Donation from PCC members or Spouses
73,918
228,620
YetundeAkitundewasemployed bythe Pccwith total remumerationsof£ll,382
22