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← The Parochial Church Council Of The Ecclesiastical Parish Of Herne Hill

2023-12-31-accounts

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ANNUAL REPORT AND ACCOUNTS OF THE PAROCHIAL CHURCH COUNCIL

OF THE PARISH OF HERNE HILL FOR THE YEAR ENDED 31ST DECEMBER 2023

Vicar:

Rev. Ben Goodyear Associate Vicar:

Rev. Gill Tayleur Associate Vicar: Rev. Ben Hughes

Parish Office:

St. Paul's Church, Herne Hill, London SE24 9LY

Independent Examiner:

Lisa Darby Stewardship

Unit A, 1 Lamb’s Passage, London EC1Y 8AB

A charity registered with the Charity Commission Registration number 1134045 from 3 February 2010

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

FOR THE YEAR ENDED 31ST DECEMBER 2023

CONTENTS

Page
Trustees' Report 3-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-18
Detailed Statement of Financial Activities with Comparatives 19

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2023

Background

Herne Hill PCC is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (amended) and the Church Representation Rules. The PCC has the responsibility of co-operating with the clergy in promoting in the ecclesiastical parish the whole mission of the church; pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for church buildings.

Our aim is, in God’s strength, to bring Jesus to the centre of our lives and to the heart of our community.

Places of Worship

There are two churches in the parish: St. Paul’s Church, Herne Hill, London, SE24 9LY St. Saviour’s Church, Herne Hill Road, London SE24 0AY

Membership

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. During the year 2023 the following served as members of the PCC:

Vicar: Rev. Ben Goodyear Associate Vicar: Rev. Ben Hughes Associate Vicar: Rev. Gill Tayleur Curate: Rev. Susan Wright Pioneer Curate: Rev. Andy Blacknell (from July 2023)

Membership (cont’d)

Elected Members (unless stated otherwise):

Adeyinka Akinwande Sarah Baldwin Peter Calderbank Rachel Goodyear Rebekah Griffiths (co-opted to July 2023) Sushil Jacob Margaret Jefia Duhur Julia Kirby-Jones (to May 2023) Rebecca Lewis Sarah-Jane Miller (co-opted from July 2023)

Committees

The PCC operates through the following committees, which meet between PCC meetings:

Standing Committee:

As required by law this has the power to transact the business of the PCC between its meetings.

Buildings Committee:

This committee advises the PCC on buildings and maintenance matters.

Finance Committee:

This committee is responsible for monitoring finances and advising the PCC on financial matters.

Safeguarding Committee:

This committee is responsible for implementing the parish safeguarding policy and ensuring the PCC fulfils its responsibilities in safeguarding matters.

Church Membership and Attendance

Readers: Adjoa Andoh Cunnell Simon Brindley Adrian Parkhouse (to May 2023) Trevor Tayleur

Churchwardens:

Juanne Fuller Geraldine Garner Lilly Immanuvel (to May 2023) Jonathan Wyles Mark Maurice (from May 2023)

There were 248 people on the Church Electoral Roll as of April 2023.

On a “usual” Sunday, as described by the annual Church of England membership return, there were: - 51 adults and 13 children attending St. Saviour’s,

Bankers

CAF Bank 28 Kings Hill Avenue, West Malling, ME19 4JQ

Representatives on the Deanery Synod :

Esiri Bukata Trevor Tayleur

Page 3

Reserves Policy

The PCC seeks to maintain reserves at a level that recognises both the call to apostolic poverty and the need for prudence in the face of unexpected demands on resources. The PCC has designated an "Operating Fund" equivalent to three months of planned expenditure, estimated to be £97,500. This is a reserve set aside to meet the parish's operating costs should it be required. The PCC has regard to this when considering its financial planning and other aspects of its financial management.

Risk Management

The PCC has considered the risks to which the parish is exposed, including those brought to our attention by the Diocese. These include loss of key personnel, fraud, damage to buildings, liabilities pursuant to non-compliance with legislation, for example in relation to discrimination and data protection, inadequate safeguarding of children or vulnerable adults or protection of employees, loss of reputation and inadequate financial control. The PCC has taken steps to mitigate these risks through, for example, insurance, a safeguarding policy and financial control procedures. Details of the parish's risk management policies and procedures are available from the Parish Operations Manager.

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC is required to:

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Report on the proceedings of the PCC and the activities of the Parish generally, for 2023

In 2023 we were able to worship together in Sunday services every week in person as well as our virtual services for those unable to attend. Most Sundays included services at 8am, 11.15am and 5pm weekly at St. Paul's and then 9.30am weekly and Messy Church monthly at St. Saviour's. We ran Children's Church weekly except for our monthly all age communions and during school holidays, with a new and well thought out curriculum.

11 people participated in a Lent course called Face to Face looking at reconciliation in relationships and aspects of the course which focussed on reconciliation over racial divides.

Seniors' Lunch Club was able to run again with A Hymn at Lunchtime once a month. The Bereavement Journey course was run with St. Barnabas Dulwich, and the annual service for the bereaved was well attended.

Page 4

We opened St. Paul's up on Thursdays for private prayer and for Hope Café. We run our café on customer donations, so everyone is able to enjoy regardless of their financial situation. We are often serving more than 50 lunches every Thursday, plus drinks and home made cakes. The café is a much valued part of community ministry. We also launched a warm hub on Mondays and set up a Cost of Living Fund which helped 22 people affected by the cost of living.

We partnered with Citizens UK and other organisations, including other local churches and Herne Hill Welcomes Refugees, to campaign and organise for issues of justice locally and beyond. This included several church families hosting refugees from Ukraine and running a number of Sunflower shop events where people could donate and receive winter clothes, coats and bedding.

A committed team of volunteers organised a series of fundraising events for the restoration of the organ at St. Paul's. At the end of the year, £39,970 had been raised and work has begun.

Our curate Andy Blacknell was ordained deacon in June and he continues to minister in both Brixton Prison and in the parish. He led an Alpha course held at Hope Café during the autumn term, with 10 people attending.

In October we welcomed Winnie Obese-Bempong as ordinand in the parish 3 days a week. In the summer we said farewell to Bex Griffiths, and appointed 2 part time workers to lead children and family ministry (Ruby Wild), and youth ministry (Cas Moyo). We welcomed Kelly Stephenson back from maternity leave, sharing the Parish Operations Manager role with Sarah-Jane Miller. We thanked Lilly Immanuvel as she stood down as churchwarden at St. Saviour's. We appointed Mark Maurice and Jonathan Wyles as churchwardens at St. Saviour's. Juanne Fuller & Geraldine Garner continued as churchwardens at St. Paul's.

We ran our Milkwood Summer Programme for two weeks in August in Milkwood Community Park, serving 51 children and young people in our locality. We also continued our weekly Milkwood Kick Football Academy. Several of the young people from Milkwood Kick have joined our youth group.

In May our WHOOSH riders cycled around the Cairngorms in Scotland raising £15,170 for Fareshare.

In July over 100 of us went away to High Leigh for our biannual parish weekend away with visiting speakers Amy and Toby Hole.

In July we said farewell to Julia Daniel, one of our CAP (Christians Against Poverty) & Community worker and our other CAP & Community worker, Beckee Lewis, has increased her hours to work full time and was effective in helping people out of debt, budget better, and find jobs through our CAP debt coaching, money courses and job clubs. As part of that we delivered over 50 Christmas hampers to CAP clients and others in need locally.

Our Christmas Eve and Christmas Day services had lots of visitors with over 500 people coming to those services in total.

Our environmentally friendly lighting was installed at St. Saviour's and we did a prefeasibility study to consider other ways to decarbonise St. Saviour's. Our quinquennial inspection was carried out at St. Saviour's in June. A number of works where action was recommended within 12 months were highlighted, summarised below:

We made good progress with our Mission Action Plan (MAP). The goals we have set can be summarised as follows:

Mission Action Plan Goals:

Page 5

Operational Goals:

A number of working groups have been established to oversee the actions associated with these goals. The Green and Fairtrade group enabled us to get our Bronze Eco-Church Award for both St. Saviour's and St. Paul's.

As always, during the year the PCC gave its time and attention to many other issues that contribute to spiritual growth and development in the parish, including financial, buildings, staffing, social, community, worship and mission issues. These were all focused on furthering the fulfilment of our parish aim statement, “Our aim is, in God’s strength, to bring Jesus to the centre of our lives and to the heart of our community” .

We look back on 2023 with praise to God. We have much to give Him thanks for – as we also thank the many faithful people in both churches who serve this parish and Him.

Finance:

Total Income was up on 2022 by £32,530. Income from donations and legacies was at a very similar level to 2022 while income from charitable activities was £5,743 higher than the previous year. However, this included payments and donations made towards the Parish Weekend Away which took place in July 2023. Lettings income saw a continued improvement following the impact of Covid-19 in prior years and was up on 2022 by £11,148.

During the year we increased our contribution to the Parish Support Fund to £138,000 compared with £135,000 in 2022. Ministry, Fellowship and Worship costs were £170,933 (2022: £119,376). This included £54,327 towards the refurbishment of the organ at St. Paul's with the work starting towards the end of the year. This work was funded from the very successful fundraising campaign and the designated fund established in 2022.

Buildings’ costs for the year were £130,625 (2022: £84,828) including £28,542 for the new lighting at St. Saviour's. Our Missionary and Charitable Giving was £27,465 (2022: £27,849) and was based on 10% of our general giving. However, it also included support given in response to various needs during the year, including the cost of living crisis. Overall, total expenditure increased by £106,491 to £545,809.

The surplus before inter fund transfers on the general fund in the year was £9,849 compared to a surplus of £20,352 in 2022.

The parish's net assets decreased in 2023 from £666,761 to £541,927. Most of this represents a decrease in short term deposits and bank balances, which totalled £456,318 at the end of 2023 (2022: £597,005). £12,863 of the parish's funds are restricted in use by donors and have, therefore, been classified as restricted funds (2022: £24,585).

The designated funds includes the original cost, less depreciation, of 8 Ruskin Walk. The market value of 8 Ruskin Walk is considerably higher than its written down cost in the balance sheet. All of the parish’s assets are dedicated to ensure we are able to operate as mission-shaped churches in Herne Hill, as we look for how best we may use them to help bring Jesus to the heart of our community.

The trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.

Approval

This report was approved by the PCC on 19 March 2024 and signed on their behalf by:

Rev. Ben Goodyear

Peter Calderbank

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 12.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust 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.

Lisa Darby, FCA Institute of Chartered Accountants in England & Wales

25 March 2024

For and on behalf of: Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2023

Unrestricted Funds Unrestricted Funds Restricted Total Total
General Designated Funds 2023 2022
Note £ £ £ £ £
INCOME & ENDOWMENTS FROM
Donations and legacies 2 211,669 8,169 38,221 258,058 258,737
Charitable activities 3 7,185 12,823 - 20,008 14,265
Investments 4 137,471 - - 137,471 115,442
Other income 5,437 - - 5,437 -
Total Income and Endowments 361,762 20,992 38,221 420,974 388,444
EXPENDITURE ON
Charitable activities 5 351,913 143,952 49,943 545,809 439,317
Total Expenditure 351,913 143,952 49,943 545,809 439,317
Net income/(expenditure) 9,849 (122,961) (11,722) (124,835) (50,874)
Transfers between funds (10,438) 10,438 - - -
Net movement in funds (589) (112,523) (11,722) (124,835) (50,874)
Reconciliation of funds:
Total funds brought forward 8,669 633,507 24,585 666,761 717,635
Total funds carried forward 8,080 520,984 12,863 541,927 666,761

Movements on reserves and all recognised gains and losses are shown above.

All income and expenditure derive from continuing operations.

Small differences of £1 may arise in these accounts due to roundings.

The notes on pages 10-18 form part of these accounts.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

BALANCE SHEET

AS AT 31ST DECEMBER 2023

Unrestricted Funds Unrestricted Funds Restricted Total Total
General Designated Funds 2023 2022
Note £ £ £ £ £
FIXED ASSETS
Tangible assets 7 4,517 81,713 - 86,230 68,881
4,517 81,713 - 86,230 68,881
CURRENT ASSETS
Debtors 8 9,798 - - 9,798 14,173
Cash at bank 9 4,184 439,271 12,863 456,318 597,005
13,982 439,271 12,863 466,116 611,178
CURRENT LIABILITIES
Liabilities falling due within one year 10 10,419 - - 10,419 13,298
Net Current Assets 3,563 439,271 12,863 455,697 597,881
NET ASSETS 8,080 520,984 12,863 541,927 666,761
FUND BALANCES
Unrestricted funds
- General Funds
12, 13
- Designated Funds
12, 13
Restricted Funds
12, 13		 8,080
8,669
520,984
633,507
12,863
24,585
541,927
666,761

Approved by the Trustees and signed on their behalf by

Peter Calderbank Parish Treasurer

Date: 19 March 2024

Charity Number: 1134045

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

1 Accounting policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below:

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events. Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

Page 10

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property, that is St. Paul's Church, St. Saviour's Church and 1 Finsen Road, is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

8 Ruskin Walk is included at cost less depreciation and St. Paul's Church Hall has been fully written off.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use)
Freehold buildings Over 50 years after taking account of the building's residual
value
Leasehold improvements Over the lease term or, if shorter, expected useful life
Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 11

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cash flow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

i) Critical accounting estimates and areas of judgement

The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

2 Donations and legacies

Donations of cash and similar
Other grants receivable
Legacies receivable
Income tax recoverable
me from charitable activities
Church retreats and events
Playgroup/Lunch Club
Youth activities
Other activities
stment income
Property letting
Bank interest		 Restricted
Total
Total
General Designated
Funds
2023
2022
£
£
£
£
£
163,449
40
26,899
190,388
202,453
10,757
7,300
7,350
25,407
2,456
-
-
-
-
4,307
37,462
829
3,972
42,263
49,521
Unrestricted Funds
211,669
8,169
38,221
258,058
258,737
Restricted
Total
Total
General Designated
Funds
2023
2022
£
£
£
£
£
-
12,823
-
12,823
-
2,106
-
-
2,106
4,385
125
-
-
125
872
4,953
-
-
4,953
9,008
Unrestricted Funds
7,185
12,823
-
20,008
14,265
Restricted
Total
Total
General Designated
Funds
2023
2022
£
£
£
£
£
119,779
-
-
119,779
108,631
17,693
-
-
17,693
6,811
Unrestricted Funds
137,471
-
-
137,471
115,442

3 Income from charitable activities

4 Investment income

Property Letting income includes short term tenancy agreements for 8 Ruskin Walk and 69 Herne Hill (St. Saviour's flat), along with the regular rental of church buildings to community groups.

Page 12

5 Charitable activity

a)
b)
c)		 Church activity
Parish Support Fund contribution
Ministry, Fellowship and Worship
Parish weekend
Youth work (including salaries)
Clergy expenses
Organist and music
Christian education
Sacristy
Hospitality
Playgroup/Lunch Club
Community engagement (including salaries)
Miscellaneous
Buildings (Note 5c)
Repairs and maintenance
Professional fees
Utilities
Insurance
Cleaning and materials
Depreciation
Miscellaneous
New building or major works
Missionary and charitable giving (Note 5d)
Costs incurred on support and administration
Operations manager and admin assistant
Pension contributions
Governance costs:
Accounts independent examination
Other
Printing, post and stationery (incl. dep'n)
Subscriptions and professional fees
Other support and administration costs
Combined Charitable Activity cost
Buildings (analysed by property)
St. Paul's Church
St. Saviour's Church and Flat
St. Paul's Church Hall
8 Ruskin Walk		 Restricted
Total
Total
General Designated
Funds
2023
2022
£
£
£
£
£
138,000
-
-
138,000
135,000
-
15,856
-

15,856
-
22,663
3,295
-
25,958
28,529
3,869
-
200
4,069
4,976
7,739
14,516
39,812
62,066
8,211
1,896
-

-
1,896
273
6,396
-
-
6,396
7,128
1,645
-
-
1,645
446
1,268
-
-
1,268
1,159
219
49,925
585
50,730
67,442
890
-
159
1,048
1,212
Unrestricted Funds
46,586
83,591
40,755
170,933
119,376
22,196
18,821
-
41,017
33,360
-
7,620
-

7,620
510
22,930
-
-

22,930
26,436
10,642
-
-
10,642
7,900
12,752
-
-

12,752
9,539
-
5,318
-
5,318
5,318
1,803
-
-
1,803
1,365
-
28,542
-
28,542
-
70,323
60,301
-
130,625
84,428
19,778
-
7,688
27,465
27,849
274,687
143,892
48,443
467,023
366,653
60,077
-
1,500
61,577
53,353
2,228
-
-

2,228
2,301
62,305
-
1,500
63,805
55,655
2,490
-
-
2,490
2,250
641
-
-
641
302
3,131
-
-
3,131
2,552
4,364
-
-
4,364
5,954
3,963
-
-
3,963
2,908
3,464
60
-
3,524
5,596
77,226
60
1,500
78,786
72,665
351,913
143,952
49,943
545,809
439,317
Restricted
Total
Total
General Designated
Funds
2023
2022
£
£
£
£
£
51,111
2,610
-
53,721
46,973
13,546
46,356
-
59,902
23,884
542
600
-
1,142
2,485
5,125
10,735
-
15,860
11,087
Unrestricted Funds
70,323
60,301
-
130,625
84,428

Page 13

d)
Missionary and charitable giving
Missionary support
Relief of poverty
Educational grants
The main features of the grants made were:
EDEN, associated with A Rocha
International Justice Mission
Kabanda Trust
Operation Mobilisation
Christian Aid
Brixton Soup Kitchen
Robes Project
St. Michael's Fellowship
Blueprint for All
Tastelife
Spinnaker Trust
Ebony Horse Club
Linus Quilt
St. Saviour's School
Individuals, and other organisations under £1,000
Staff & Trustees
Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Employer pension contributions
Total staff costs		 Institutions Individuals
2023
2022
£
£
£
£
11,330
-
11,330
10,551
6,785
6,351
13,136
14,132
3,000
-
3,000
3,166		 Institutions Individuals
2023
2022
£
£
£
£
11,330
-
11,330
10,551
6,785
6,351
13,136
14,132
3,000
-
3,000
3,166
21,115
6,351		 27,465
27,849
2023
2022
£
£
2,446
2,375
2,446
2,375
5,101
4,750
-
1,051
1,337
-

1,853
1,583
1,644
1,583
-
1,583
-
1,583
-
1,583
1,500
-
1,279
-
1,096
-
1,500
1,583
7,264
7,800
27,465
27,849
2023
2022
£
£
116,057
115,036
3,106
4,035
2,228
2,301
121,391
121,372

6 Staff & Trustees

The average number of employees during the year was 7 (2022: 7). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. No pension contributions were overdue at the year end (2022: none).

Key management are considered to be the vicar, associate vicars and curates although none were employed by the PCC in the year.

Rebekah Griffiths, a trustee until August 2023, received employment benefits totalling £19,227 (2022: £30,377) in her capacity as children & youth worker and not as a trustee, as permitted by the governing document.

Rebecca Lewis, a trustee, received employment benefits totalling £19,915 (2022: £11,423) in her capacity as a debt coach and not as a trustee, as permitted by the governing document.

Sarah-Jane Miller, a trustee, received employment benefits totalling £32,262 (2022: £10,797) in her capacity as an operations manager and not as a trustee, as permitted by the governing document.

Sharon Calderbank, spouse of trustee Peter Calderbank, received employment benefits totalling £12,174 (2022: £11,921) in her capacity as administration assistant.

Josh Goodyear, son of trustee Rev. Ben Goodyear, received employment benefits totalling £670 (2022: £nil) in his capacity as a cleaner.

There was no clergy accommodation provided at a cost to the PCC (2022: none).

Page 14

No remuneration was paid to any trustee during the year nor to any person connected to them other than disclosed above.

The total amount of donations funded by trustees and other connected parties was £48,188 (2022: £58,098).

No other transactions have taken place with related parties during the year.

No fees were payable to Stewardship for any other services than examination of the accounts.

7 Tangible Fixed Assets

Cost
At 31 December 2022
Additions
Write-offs
At 31 December 2023
Accumulated Depreciation
At 31 December 2022
Charge for the year
Write-offs
At 31 December 2023
Net book value
At 31 December 2022
At 31 December 2023		 Equipment
& Fittings
Property
Total
£
£
£
19,453
200,405
219,858
-
25,679
25,679
-
-
-
19,453
226,084
245,537
11,924
139,053
150,977
3,012
5,318
8,330
-
-
-
14,936
144,371
159,307
7,529
61,352
68,881
4,517
81,713
86,230

Property includes 8 Ruskin Walk at a cost of £200,405 (purchased 1995, extended 1999 and renovated in 2007). St. Paul's church hall, which had been built at a cost of £3,800 in 1959 and subsequently fully depreciated, was written off in 2022.

8 Debtors and Prepayments

Tax recoverable
Prepayments
Deposit for use of St. Saviour's school
Accrued income
Other debtors
at Bank and in Hand
Bank operating accounts
Short term deposits
Petty cash		 2023
2022
£
£
1,180
10,753
4,158
2,650
450
450
4,011
321
-
-
9,798
14,173
2023
2022
£
£
37,370
40,674
418,928
556,311
20
20
456,318
597,005

Page 15

10 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
PAYE/NIC
Independent examination fees
Deposits held
Other creditors and accruals		 2023
2022
£
£
1,933
370
2,490
2,280
1,910
3,420
4,085
7,228
10,419
13,298

11 Pension Commitments

During the year employer's pension contributions totalling £2,228 (2022: £2,301) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2022: £nil).

12 Funds - 2023

General funds:
Designated funds:
Properties Fund
Parish Building Repairs Fund
St. Saviour's Development Fund
Parish Weekend Away Fund
Community Engagement Fund
Organ Restoration Fund
St. Paul's Boundary Wall Repair Fund
Restricted funds:
St. Paul's Building & Fabric Fund
St. Paul's Music Fund
Churchwardens' Hardship Relief Fund
Cost of Living Fund
Earmarked Gifts
Total funds:
Operating Fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources in the year
balance
£
£
£
£
£
8,669
361,762
(351,913)
(10,438)
8,080
61,352
-
(5,318)
25,679
81,713
97,500
-
-
-
97,500
37,482
-
(20,441)
(17,041)
-
59,574
-
(34,542)
-
25,032
639
13,652
(15,916)
1,800
175
301,960
7,340
(53,220)
-
256,079
25,000
-
(14,516)
-
10,484
50,000
-
-
-
50,000
633,507
20,992
(143,952)
10,438
520,984
2,518
-
-
-
2,518
8,072
31,898
(39,970)
-
-
7,369
-
(2,561)
-
4,808
3,172
1,730
(2,619)
-
2,283
3,454
4,593
(4,793)
-
3,254
24,585
38,221
(49,943)
-
12,863
666,761
420,975
(545,809)
-
541,927

The Properties Fund represents the net book value of 8 Ruskin Walk. The Operating Fund represents three months of planned expenditure. This is a reserve set aside to meet the parish's operating costs should it be required. The Parish Building Repairs Fund represents known repairs to the parish's buildings. The St. Saviour's Development Fund is the remaining balance of the Dennis and Mary Ransted legacies which has been designated for planned works to St. Saviour's church. The Community Engagement Fund is earmarked for projects that support the broader community within the parish and represents the funding required to continue the parish's existing community work for a further five years. The other funds are self-explanatory.

The restricted funds represent amounts received for specific purposes. The purpose of the funds is selfexplanatory. Earmarked gifts represent amounts given by members of the church for specific purposes and are usually spent within the year. In 2022, £5,026 was raised to support those affected by the war in Ukraine of which £3,254 remained unspent at the end of 2023.

Page 16

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds:
- General
- Designated
s - 2022
General funds:
Designated funds:
Properties Fund
Capital Projects
St. Paul's Repair
St. Saviour's Building
Parish Building Repairs Fund
St. Saviour's Development Fund
Parish Weekend Away Fund
Community Engagement Fund
Organ Restoration Fund
St. Paul's Boundary Wall Repair Fund
Restricted funds:
St. Paul's Building & Fabric Fund
St. Paul's Music Fund
Churchwardens' Hardship Relief Fund
Cost of Living Fund
Earmarked Gifts
Total funds:
Operating Fund		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
12,863
-
12,863
4,517
4,184
(620)
8,080
81,713
439,271
-
520,984
86,230
456,318
(620)
541,927
Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources in the year
balance
£
£
£
£
£
3,419
363,232
(342,880)
(15,101)
8,669
66,670
-
(5,318)
-
61,352
-
-
-
97,500
97,500
27,889
-
-
(27,889)
-
35,789
-
-
(35,789)
-
10,054
-
-
(10,054)
-
-
-
(15,060)
52,542
37,482
59,574
-
-
-
59,574
725
-
(86)
-
639
498,634
3,300
(63,765)
(136,210)
301,960
-
-
-
25,000
25,000
-
-
-
50,000
50,000		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
12,863
-
12,863
4,517
4,184
(620)
8,080
81,713
439,271
-
520,984
86,230
456,318
(620)
541,927
699,335
3,300
(84,229)
15,101
633,507
2,518
-
-
-
2,518
5,709
2,363
-
-
8,072
6,350
2,900
(1,881)
-
7,369
-
4,390
(1,218)
-
3,172
304
12,259
(9,109)
-
3,454
14,881
21,912
(12,208)
-
24,585
717,635
388,444
(439,317)
-
666,761

13 Funds - 2022

The restricted funds represent amounts received for specific purposes.

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds:
- General
- Designated		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
24,585
-
24,585
7,529
265
875
8,669
61,352
572,155
-
633,507
68,881
597,005
875
666,761

Page 17

14 Acting as agent

One of the parish's bank accounts is used to receive agency amounts. These amounts, most of which relate to special collections that are not contributions to parish funds, are subsequently paid to the rightful final recipients. This bank account is also used to receive, and pay back, deposits from hirers of parish buildings. At no point did the funds belong to the parish, rather its bank account was simply used for administrative purposes.

The agency receipts and payments relating to deposits and collections was £8,026 (2022: £12,970). Agency amounts of £1,910 were held at the year end (2022: £3,420).

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31ST DECEMBER 2023

Unrestricted Funds Unrestricted Funds
General Designated Restricted Funds Total Funds
Note 2023 2022 2023 2022 2023 2022 2023 2022
£ £ £ £ £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 211,669 236,825 8,169 - 38,221 21,912 258,058 258,737
Charitable activities 3 7,185 10,965 12,823 3,300 - - 20,008 14,265
Investments 4 137,471 115,442 - - - - 137,471 115,442
Other income 5,437 - - - - - 5,437 -
Total Income & Endowments 361,762 363,232 20,992 3,300 38,221 21,912 420,974 388,444
EXPENDITURE ON
Charitable activities 5 351,913 342,880 143,952 84,229 49,943 12,208 545,809 439,317
Total Expenditure 351,913 342,880 143,952 84,229 49,943 12,208 545,809 439,317
Net income/(expenditure) 9,849 20,352 (122,961) (80,929) (11,722) 9,704 (124,835) (50,874)
Transfers between funds (10,438) (15,101) 10,438 15,101 - - - -
(589) 5,251 (112,523) (65,828) (11,722) 9,704 (124,835) (50,874)
Net movement in funds (589) 5,251 (112,523) (65,828) (11,722) 9,704 (124,835) (50,874)
Reconciliation of funds:
Total funds brought forward 8,669 3,419 633,507 699,335 24,585 14,881 666,761 717,635
Total funds carried forward 8,080 8,669 520,984 633,507 12,863 24,585 541,927 666,761

Movements on reserves and all recognised gains and losses are shown above.

Page 19