THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH AND ST PAULS ANERLEY Report and Accounts year ended 31 December 2024 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **CHARITY INFORMATION** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |**Members of the Parochial Church Council**|Larissa Barnett|| |---|---|---| ||Stephen Bawa|appointed 22.5.24| ||Ray Blackham|resigned 22.5.24| ||Janet Fasan|appointed 22.5.24| ||Jeff Hawthorne|| ||Melissa Hutchings|| ||Richard Jones|| ||Helen Lenzi|appointed 22.5.24| ||Michael Mason|| ||Adejoke Ogundiran|| ||Ilona Onyango|resigned 22.5.24| ||Kevin Robson|| ||Philippe Schirm|resigned 22.5.24| ||Nigel Thomas|| ||John Tolley|resigned 22.5.24| ||Alan White|appointed 22.5.24| |**Charity Registration Number**|1134219|| |**Principal Address**|197 Anerley Road|| ||London|| ||SE20 8ER|| |**Independent Examiner**|Archie McDowall BA, CA|| ||Stewardship|| ||1 Lamb's Passage|| ||London|| ||EC1Y 8AB|| |**Bankers**|CAF Bank Limited|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||Kent|| ||ME19 4JQ|| |**Contents**||**Page**| |Charity Information||1| |Annual Report of the Members of the Parochial Church Council||2-7| |Independent Examiner's Report||8| |Statement of Financial Activities||9| |Balance Sheet||10| |Notes to the Accounts||11-21| |Detailed Statement of Financial Activities with Comparatives||22| Page 1 ## **Annual Report 2024** The Parochial Church Council present their report and accounts for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Parochial Church Council (Powers) Measure 1956, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)” ## **Objectives and activities** _The Anerley Team Ministry Mission Statement_ **–** To be disciples of Jesus and to make disciples of Jesus; serving the people of Anerley and South London in the power of the Holy Spirit _The Anerley Team Ministry Vision Statement_ **–** To see God’s kingdom advance in the local area and in South London by being an outward looking and servant hearted Christian community committed to prayer and worship, discipleship and evangelism. The Parochial Church Council has quantified the above statements by producing several focus areas. With these areas as our focus, Anerley Team Ministry (ATM) hopes to be able to demonstrate its commitment to providing community-based services and support that will be of benefit to the public, with the aim of demonstrating the love of Jesus through practical activities. The focus areas include those that relate directly to the _Church congregation_ , for example the growth of prayer groups and small fellowship groups that meet in homes and areas that relate to the _wider community_ , for example serving the poor and marginalised, continuing to reach out into the community and forging links with local Churches and Christian organisations. ln planning the activities, the PCC have applied the guidance on public benefit issued by the Charity Commission. 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. The PCC has also agreed to accept the House of Bishops Safeguarding policy. In common with many churches, the charity is heavily reliant on volunteers who assist in many aspects of church life. The value of their input cannot be quantified and the trustees are very grateful to all those who give of their services voluntarily. ## **Achievements and performance** ## _Worship and Prayer_ The Parochial Church Council is keen to provide different forms of worship that will appeal to different styles and ages. The range of services offered usually includes altogether services, communion services, youth-led services and simultaneous translation into Ukrainian in services offered in Christ Church. Harvest Thanksgiving was celebrated in our places of worship and in a service in the local primary school, James Dixon. A service of Remembrance was held on Remembrance Sunday and a short act of remembrance was held in Betts Park on Saturday 11[th] November. Page 2 The pattern of outreach services and events in December included ‘Messy Church’; ‘Carols, Mulled Wine and Mince Pie’ services; ‘Dress-up’ Altogether Nativity services. We were delighted to welcome and host a Christmas service for James Dixon Primary School. The Welcome Teams operate in both Churches to provide a warm welcome to visitors and ensure they can access all they need e.g. Sunday school, hearing loop, large print Bibles, toilets etc. The teams are also trained in fire evacuation procedures. The electoral roll was renewed in 2019 and it stood at 232 at the APCM on 22[nd] May 2024. Throughout the year the churches are available for baptisms, dedications, wedding and weddings and funerals. ## _Discipleship_ Two weekly bible studies continue to meet in both churches. Three small groups; and several prayers triplets also met. During the year, Bill Woodman has led a weekly evening gathering for men. Alternating between meeting together in church and in a local pub, this is a valued ministry. ## _Children and Youth_ During the year, Maureen Gough, Heather Hawthorne, Belinda Waisaw, Jo Jones supported by a small and dedicated team of helpers, have led a creative and engaging Sunday ministry to children. During the week, Ray Blackman with a small ream of helpers has led a popular ‘Toddler Tot’ ministry. On average 30 pre-schoolers and their parents/careers attend. Supported by another small and dedicated team of helpers, Roman leads the ministry to young people. They meet together on two evenings every week. Personal mentoring is also offered. Highlights during the year include a camp in Leigh Abbey and days out. ## _Pastoral Care_ Some members of the parish are unable to attend Church due to sickness or age, although they are able join the Livestream services. ATM encourages all members of the church to join a small group or prayer triplet where they can develop and share their faith with others and provide and receive support and encouragement. The Rector and a small group of people provide support to others at home or in hospital and offer friendship, prayer and communion. A small team also provides a regular Sunday afternoon service in two local residential homes for the elderly. ## _Mission and Evangelism_ ATM is committed to serving both our local and wider communities practically, spiritually and financially. The Parochial Church Council has a policy of giving away at least 14% of its annual income, in accordance with our Christian belief. This is divided between a variety of missions that are both UK based and international. We also seek to support individual members who wish to volunteer for specific projects that demonstrate their Christian faith by supporting fund raising events and making small financial contributions. We also seek opportunities to take the Church into the community. At Christmas we go out into the community. For example, every household in the parish received an attractive colour invitation to Christmas services/events; the Rector led two teams to ‘bless’ returning rail commuters at both train stations in the parish and invite them to Christmas. Events and services. We have held services in local parks a number of times during the year. Page 3 _Coffee Shop_ – meets weekly in Christ Church. It is a pop-in outreach activity, welcoming both church members and people from the community. People enjoy coming in for a chat, a cuppa, a listening ear and hearing a short reflection focused on Jesus. _Freedom Forum_ – Darrell Mcleish works with people who are ex-offenders or are struggling with mental health related issues. As well as regular meetings for the group, there is also a practical side. From October, the ministry extended to visiting residents of Canterbury House to conducting a weekly gathering. _Westminster Theological Centre (WTC) –_ Melissa Hutchings continues as WTC Hub Leader. The church has invested in what we believe is the best theological training available, allowing students to remain in their jobs or at home without needing to travel to study. This is a gift to the wider church as we seek to equip members of our own congregation and those further afield to grow in their knowledge of God and their ability to serve Him. _Kings Boxing –_ we have been concerned about the levels of violence mainly amongst young people and the effects of knife crime on local families. We run the Kings Boxing programme to encourage young people to enjoy the benefits of learning self-control and introducing them to the Lord Jesus. We have been running 2 sessions a week. _Mission Development_ – in 2019 we received a grant to develop our ministry in the local community building on Freedom Forum and Kings Boxing. As a result, Julie Connolly has been employed as our mission development pastor and Darrell McLeish as our freedom Forum pastor. Julie’s contract ended at the end of 2024, Darrell contract is due to end in mid 2025. Julie has arranged and organised our outreach which is largely focused on the Food Bank. Julie leads a weekly enquiry and discipleship group for people who connected through the Food Bank and street evangelism. The ministry of a small and dedicated team who gather to pray during the week and participate in evangelistic ministry is greatly appreciated. _Summertime Event_ - Anerley Team Ministry held a Summertime event in the Church car park at St Paul’s Anerley with sand, refreshments, worship and a daily word of encouragement to all present. The attendance for this was around 100-200 people per day and we ran the event for 9 days. A wonderful opportunity for the Church to build relationships with the community and with sharing the Word of God. _ATM Food Store_ – This works in partnership with a Christian foodbank as part of Transform Bromley Borough; a group of eleven churches working together to provide food for families and people in need, in the name of Jesus. People collect the food from the church premises, although a few are not able and we deliver to them. We have held several teaching sessions on making positive lifestyle changes, we give away Christian literature and pray with most of our clients. Following the expiry of external support for the Food Store this is being adjusted going into 2025. _Evangelistic Team Ministry: Lahore, Pakistan_ – we continue to support Pastor Zeeshan as he develops his ministry in the Lahore. _Missionary support – Ukraine –_ we have had links to a rural church and community within Ukraine for many years. We have been providing financial assistance to them since the conflict started to help them minister to people in need. Page 4 ## **Financial Review** There was an overall deficit for the year of £34,107 compared to a surplus in the previous year of £22,795. Trustees have agreed plans to continue successful activities that are currently without specific funding into 2025. This will mean that the church is planning a deficit for 2025. However, the Parochial Church Council are aware that this is a temporary measure and are considering ways to strengthen reserves going forward by encouraging the congregation to give and also by applying for further funding to ensure that existing projects can continue. It is the policy of the Church that unrestricted funds, excluding the revaluation reserve and fixed assets, which have not been designated should be maintained at a level equivalent to between three- and six-month’s expenditure. The Parochial Church Council considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church’s current activities while consideration is given to ways in which additional funds may be raised. Three month's expenditure on unrestricted funds (not including designated funds) amounts to approximately £70,000. Reserves on unrestricted funds (not including designated funds, fixed assets or revaluation reserve) amounted to £128,570 which is again an increase on last year. Reference and administrative information are provided on the page following the cover sheet. The Parochial Church Council has assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Fabric** ATM is blessed to have the following buildings; - Christ Church, Anerley, located on Maple Road. - St Paul's, Anerley, located on Hamlet Road - 10 & 11 Trinity Mews - 50 Piquet Road Every 5 years there is a building inspection for each church - this is called a Quinquennial. The following is a summary of outstanding actions from the most recent of these. _Christ Church Anerley_ on 2[nd] April 2024. The following items were identified as recommendations and have been progressed; - General maintenance of gutters/lightwells etc - Remedial works due to flooding damage - Commission of Structural report to review cracks - Electrical installation inspection - Lightning conductor test - Fire extinguisher test - Fire risk assessment _Sf Paul's Anerley_ on 30[th] Jun 2020. The following items were identified as recommendations - they are being progressed; - Resolve leak at rooflight over WC - Replace broken glass or fit safety film in window above worship area - Alter door accessible to WC compartment to ensure if a disabled person were to fall, the door then opens outwards rather than in. Page 5 ## **Structure, governance and management** The Parochial Church Council is a corporate body established by the Church of England. The Parochial Church Council operates under the Parochial Church Council (Powers) Measure 1956. The Parochial Church Council is a Registered Charity. The Parish of Christ Church with St Paul Anerley is situated within the Diocese of Rochester and known as the Anerley Ministry Team. The Parochial Church Council members who served during the year were: Richard Jones (Rector) Melissa Hutchings (Secretary to 22/05/24 & Church Warden) Ray Blackham (Church Warden to 22/05/24) Michael Mason (PCC member to 22/05/24, then Church Warden) Jeff Hawthorne (Secretary from Nov 24) John Tolley Larissa Barnett Adejoke Ogundiran Nigel Thomas Kevin Robson (Treasurer) Ilona Onyango (to 22/05/24) Philippe Schirm (to 22/05/24) Helen Lenzi (from 22/05/24) Janet Fasan (from 22/05/24) Alan White (from 22/05/24) Steven Bawa (from 22/05/24) The method of appointment of Parochial Church Council members is set out in the Church Representation Rules. The Parochial Church Council consists of the Team Rector, Team Vicar, Churchwardens and others as elected by the congregation who are currently on the Electoral Roll. All members are encouraged to register on the Electoral and stand for Parochial Church Council. The Anerley Team Ministry Parochial Church Council has the responsibility of co-operating with the incumbent, Rev Richard Jones, Team Rector. The parish encompasses two Church Buildings, Christ Church Anerley and St Paul’s Hamlet Road, a Rectory and Vicarage and three houses. The Parochial Church Council is responsible for making decisions on all matters of general concern and importance to the Parish, including how the funds are used. Parochial Church Council averages eight meetings per year. Due to the wide range of responsibilities covered, several sub committees also exist, most notably Standing Committee. This committee comprises the Rector, Churchwarden, Treasurer and Parochial Church Council Secretary. Its function is to take a more in-depth look at financially related issues e.g. maintenance and buildings, budgets etc and report back to Parochial Church Council with recommendations. ## _Deanery Synod_ The Anerley Team Ministry has no elected Deanery Synod representatives. This provides an important link between the parish and the wider Church. The Parochial Church Council agenda provides an opportunity for the representatives to report back to Parochial Church Council. Page 6 ## **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. ln preparing these financial statements, the PCC are required to: 1. select suitable accounting policies and apply them consistently; 2. observe the methods and principles in the Charities SORP; 3. make judgements and estimates that are reasonable and prudent; 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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. The Parochial Church Council Members' report was approved by the Board of Parochial Church Council. ## J R Jones J R Jones (Apr 9, 2025 13:20 GMT+1) Revd. Richard Jones Trustee (Rector and Chair of PCC) Dated: Apr 9, 2025 Page 7 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF** ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** **('the Charity')** 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 2024 on pages 9 to 22 following, which have been prepared on the basis of the accounting policies set out on pages 11 and 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 Charity’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 and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Charity 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. ## Archie McDowall Archie McDowall (May 15, 2025 14:17 GMT+1) May 15, 2025 Archie McDowall BA, CA Member of the Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB Page 8 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
6
Raising funds
9
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
18
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
18|Unrestricted
Funds
£
180,633
38,902
50,260
269,795
294,311
6,302
300,613
(30,818)
(508)
(31,326)
1,404,310
1,372,984|Restricted
Funds
£
91,689
-
-
91,689
94,978
-
94,978
(3,289)
508
(2,781)
21,779
18,998|Total
Funds
2024
£
272,322
38,902
50,260
361,484
389,289
6,302
395,591
(34,107)
-
(34,107)
1,426,089
1,391,982|Total
Funds
2023
£
255,926
38,410
45,592| |---|---|---|---|---| |||||339,928| |||||311,783
5,350| |||||317,133| |||||| |||||22,795
-| |||||22,795
1,403,294| |||||1,426,089| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations. The notes on page 11-21 form part of these accounts. Page 9 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2024** |Note
**FIXED ASSETS**
Tangible assets
11
Investments
12
**CURRENT ASSETS**
Debtors
14
Investments
Cash at bank and in hand
15
**CREDITORS: Amounts falling**
**due within one year**
16
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
18
Unrestricted Funds
General funds
Designated funds
Revaluation reserve
Restricted Funds|Unrestricted
Funds
£
9,623
1,125,000
1,134,623
28,786
-
225,508
254,294
(15,933)
238,361
1,372,984
1,372,984
138,193
109,791
1,125,000
1,372,984
-
1,372,984|Restricted
Funds
£
581
581
106
-
18,311
18,417
-
18,417
18,998
18,998
-
-
-
-
18,998
18,998|Total
Funds
2024
£
10,204
1,125,000
1,135,204
28,892
-
243,819
272,711
(15,933)
256,778
1,391,982
1,391,982
138,193
109,791
1,125,000
1,372,985
18,998
1,391,982|Total
Funds
2023
£
13,997
1,125,000| |---|---|---|---|---| |||||1,138,997| |||||28,866
-
269,805| |||||298,671
(11,579)| |||||287,092| |||||| |||||1,426,089| |||||1,426,089| |||||165,359
113,951
1,125,000| |||||1,404,310
21,779| |||||1,426,089| The financial statements were approved by the members of the PCC on Apr 9, 2025 behalf by: and were signed on its ## J R Jones J R Jones (Apr 9, 2025 13:20 GMT+1) --------------------------------------- Richard Jones Charity number: 1134219 The notes on page 11-21 form part of these accounts. Page 10 **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1 Statutory Information** The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley is a charity registered with Tthe Charity Commission in England & Wales and established by the Church of England. The charity's registered number and principal address can be found on the Charity Information page. ## **2 Accounting Policies** These financial statements are prepared on a going concern basis, under the historical cost convention [as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities]. 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. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material. ## b) Income Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received. All voluntary income and related tax recoverable is included as income when the Church becomes legally entitled to the benefit of use of the resources, their ultimate receipt is virtually certain and the monetary value can be measured with sufficient reliability. For collections and planned giving, this is when funds are received. Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known and the receipt is expected. If the amount is not known, the legacy is treated as a a contingent asset. The value of any volunteer help received is not included in the accounts but is described in Parochial Church Council Members' report under activities, achievements and performance paragraphs, many of which are fulfilled with volunteer help. Grants are included when any pre-condition preventing their use by the Church has been met. Where income, relating to specific accounting periods, is received in advance, this is deferred on an accruals basis to the period to which it relates. Such deferrals are included in current liabilities. Investment income is recognised as incoming resources when receivable. - c) Expenditure - Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. Grants and donations payable are taken into account at the earlier of when they are paid or become legally enforceable. Page 11 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** Other than the normal commitments under contracts of employment there are no contractual or constructive obligations to future expenditure at the balance sheet date. Where the trustees have authorised expenditure which is not yet legally enforceable or become constructive obligations amounts are set aside into funds designated for the purpose. ## d) Fund accounting Unrestricted funds are available for use at the discretion of the Parochial Church Council in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds comprise funds which have been set aside at the discretion of the Parochial Church Council for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## e) Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets costing less than £2,000 are written off in the period in which the expenditure is incurred. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Fixtures, fittings & equipment straight line basis over 4 years Motor vehicles reducing balance over 4 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income / (expenditure) for the year. Consecrated benefice property of any kind is excluded from the financial statements by section 10 (2) a) and c) of the Charities Act 2011. ## f) Investment properties Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. g) Impairment of fixed assets At each reporting end date, the Church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## h) Financial instruments The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## i) Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received, if material. Termination benefits are recognised immediately as an expense when the Church is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Page 12 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** - j) Retirement benefits The Parish contributes to individual pension schemes for certain lay staff. Contributions are charged in the statement of financial affairs as they become payable in accordance with the rules of the scheme. The assets of these schemes are held separately from those of the charity in independently administered funds. Note that the clergy and some other key roles within the Parish are employed by the Diocese rather than the Parish. In the previous years accounts it stated that the Church participates in the Church of England Funded Pensions Scheme, however although this is true in the sense that the wider 'Church' participates in this, it is not relevant for the Parish; as it is only the staff employed by the Diocese which are on this scheme. ## k) Leases Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. ## l) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity. ## m) 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. - n) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years). ## o) Foreign currency translation These financial statements are presented in sterling, which is the charity's functional currency. - i) Income and expenditure denominated in a foreign currency is translated into sterling at the exchange rate prevailing on the date of the transaction. - ii) Monetary assets and liabilities denominated in a foreign currency are re-translated at the exchange rate prevailing at the balance sheet date. - iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated. All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities. ## p) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement. q) Critical accounting estimates and areas of judgement In the application of the Church's accounting policies, the Parochial Church Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 13 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **3 Donations and legacies** |**Donations and legacies**||| |---|---|---| |Donations and related gift aid
Donations in kind (note 3a)
Income tax recoverable
a) Donations in kind comprise the following:
Goods donated for:
Distribution to beneficiaries|2024
£
233,204
3,651
35,467
272,322
2024
£
3,651
3,651|2023
£
219,595
5,333
30,998| |||255,926| |||2023
£
5,333| |||5,333| Donated goods for distributions represents food bank donations distributed to recipients during the year. Donated goods for use by the charity represents fixed assets for use in the food bank project. ## **4 Income from charitable activities** |Fees from weddings and other services
Rental income
Other church activities and events
**Investment income**
Rental income
Interest receivable
-|2024
£
2,428
21,466
15,008
38,902
2024
£
45,700
4,560
50,260|2023
£
1,621
20,999
15,790| |---|---|---| |||38,410| |||2023
£
42,699
2,893| |||45,592| ## **5 Investment income** Page 14 **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6 Charitable expenditure** |Staff costs
Depreciation and impairment
Diocesan share
Church running expenses
Property maintenance and management
fees
Ministry expenses
Evangelism and outreach
Youth and adult training
Social action
Rent
Foodbank
Church events
Grants payable (note 8)
Share of support costs
Share of governance costs
**Total expenditure**
**Costs incurred on support & administration**
**Governance costs**
Independent examiner's fee
Legal and professional
**Support costs**
Support staff costs
Administrative costs|2024
£
51,541
7,543
87,281
63,206
23,989
5,985
561
5,560
13,386
750
3,651
1,194
264,647
81,562
40,440
2,640
389,289
2024
£
2,640
-
2,640
25,285
15,155
43,080|2023
£
44,079
8,617
83,088
51,797
32,505
1,510
1,189
4,703
8,444
3,000
5,333
2,206| |---|---|---| |||246,471
30,804
31,888
2,620| |||311,783| |||2023
£
2,500
120| |||2,620
19,093
12,795| |||34,508| The fee payable to the independent examiner for examining the accounts was £2,640 (2023: £2,500). Page 15 **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **7 Parochial Church Council** In accordance with the provisions of the Parochial Church Councils (Powers) Measure 1956, two (2023: two) of the Parochial Church Council received remuneration during the year: Melissa Hutchings received £12,187 (2023: £11,557) plus pension contributions of £178 (2023: £159) for services leading the Westminster Theological Centre at the church; Ray Blackham received £18,738 (2023: £13,227) plus pension contributions of £375 (2023: £180) for administrative services. Four (2023: five) of the Parochial Church Council and persons connected to them were reimbursed a total of £3,109 (2023: £2,168) travelling, communications and other expenses in connection with duties as trustees. ## **8 Grants payable** |**Grants payable**|||| |---|---|---|---| |Grants for UK and overseas mission
Grants to assist those in poverty or in crisis
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants to assist those in poverty or in crisis
The charity's principal grants to institutions comprised:
Starfish Asia
Rochester Diocese
Chrestos Mission
Spinnaker Trust
Release International
New Wine Trust
Grants to institutions for less than £1,000 each|Institutions
£
27,728
52
27,780
Institutions
£
6,500
640
7,140|Individuals
£
40,550
13,232
53,782
Individuals
£
9,819
13,845
23,664
2024
£
1,500
20,228
-
1,500
1,500
1,500
1,552
27,780|2024
£
68,278
13,284| ||||81,561| ||||2023
£
16,319
14,485| ||||30,804| ||||2023
£
1,000
-
1,000
1,000
-
-
4,140| ||||7,140| The cost of food bank items purchased for the Church's own food bank have been included in grants to individuals. In addition, some items are donated by members of the Church and as the amount is small has not been included above or as income from donated goods. Page 16 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **9 Cost of raising funds** |**9**
**Cost of raising funds**||| |---|---|---| |Investment management
**10**
Gross wages and salaries
Social security
Pension costs
**Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**|2024
£
6,302
2024
£
75,425
-
1,401
76,826|2023
£
5,350| |||2023
£
62,072
-
1,100| |||63,172| The average monthly number of employees during the year was 4 (2023: 4). 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. Richard Jones is a clergy member of the PCC. He receives a stipend from the Diocese and so he is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Richard Jones is provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note 6 'Charitable Expenditure' as part of 'property maintenance' costs. ## **11 Tangible fixed assets** |Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for the year
Eliminated on disposal
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023|Fixtures,
fittings and
equipment
£
67,532
3,750
-
71,282
53,534
7,544
-
61,078
10,204
13,997|Total
2024
£
67,532
3,750
-| |---|---|---| |||71,282| |||53,534
7,544
-| |||61,078| |||10,204| |||13,997| Page 17 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **12 Investment Property** |**stment Property**||| |---|---|---| |Fair value brought forward
Revaluation of investment properties
Cost or fair value carried forward|2024
£
1,125,000
-
1,125,000|2023
£
1,125,000
-| |||1,125,000| Investment property comprises three rental properties in the Anerley / Penge area of South East London. The fair value of the investment property is based on a valuation by the Gardner Partnership, Chartered Surveyors & Chartered Architects dated 6 February 2020. ## **13 Financial instruments** The Church has no financial instruments measured at amortised cost. All financial instruments are included in current assets and current liabilities and are measured at cash or other consideration expected to be paid or received and are not discounted. ## **14 Debtors** |**Falling due within one year:**
Tax recoverable
Other debtors
Prepayments and accrued income
**at Bank and in Hand**
Cash at bank
Petty cash
**itors: liabilities falling due within one year**
Taxation and social security
Other creditors
Accruals|2024
£
3,838
1,771
23,283
28,892
2024
£
243,819
-
243,819
2024
£
1,667
11,142
3,124
15,933|2023
£
1,859
1,938
25,069| |---|---|---| |||28,866| |||2023
£
269,805
-| |||269,805| |||2023
£
885
6,787
3,907| |||11,579| ## **15 Cash at Bank and in Hand** ## **16 Creditors: liabilities falling due within one year** Page 18 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **17 Pension commitments** During the year employer’s pension contributions totalling £1,401 (2023: £1,100) were payable to defined contribution personal pension schemes. £nil pension contributions were owing at the balance sheet date (2023: £nil). ## **18 Funds** During the year the movements in the charity's funds were as follows: |_Designated Funds_
Buildings Fund
Missions Fund
Legacy and Major Gifts Fund
Rochester Buildings and Repairs Fund
Westminster Theological Centre Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Foodbank
Charitable Collections
Youth work grant
Power of One (Kings Boxing)
Rochester SDF Called to Grow
Aggregate of funds|Opening
balance
2024
£
13,350
13,350
68,931
18,320
-
113,951
1,290,359
1,404,310
-
14,606
6,698
293
182
21,779
1,426,089|Incoming
resources
2024
£
-
-
-
658
5,154
5,812
263,983
269,795
3,651
69,390
-
-
18,648
91,689
361,484|Outgoing
resources
2024
£
(6,278)
-
-
-
(13,671)
(19,949)
(280,664)
(300,613)
(3,651)
(71,582)
(472)
(131)
(19,143)
(94,978)
(395,591)|Transfers
in the year
2024
£
-
-
-
1,460
a
8,517
b
9,977
(10,485) a,b,c
(508)
-
-
-
-
508 c
508
-|Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2024
£
7,072
13,350
68,931
20,438
-| |---|---|---|---|---|---|---| |||||||109,791
1,263,193| |||||||1,372,984| |||||||-
12,415
6,226
163
195| |||||||18,998| |||||||1,391,982| The transfers referred to above were made for the following reasons: - a) Transfer to designated Rochester Buildings and Repairs fund from general unrestricted fund of £1,460 to set aside annual agreed amount to defray the cost of potential future fabric repairs. - b) Transfer to Westminster Theological Centre fund from general unrestricted fund of £8,517 to cover all WTC training costs. - c) Transfer to Rochester SDF Called to Grow fund from general unrestricted fund of £508 to cover recategorised accrued income at 31.12.23 based on Diocese changes to the fund arrangement in 2024. Page 19 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Analysis of net assets by fund** The assets and liabilities of the various funds were as follows: |assets and liabilities of the various funds were as follows:|||| |---|---|---|---| |Tangible fixed assets
Debtors
Investment Properties
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
9,623
-
28,786
-
1,125,000
-
115,717
109,791
(15,933)
-
1,263,193
109,791
Unrestricted|Restricted
funds
£
581
106
-
18,311
-
18,998|2024
£
10,204
28,892
1,125,000
243,819
(15,933)| ||||1,391,982| In the previous year the movements in the charity's funds were as follows: |_Designated Funds_
Buildings Fund
Missions Fund
Legacy and Major Gifts Fund
Rochester Buildings and Repairs Fund
Westminster Theological Centre Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Foodbank
Charitable Collections
Youth work grant
Power of One (Kings Boxing)
Rochester SDF Called to Grow
Aggregate of funds|Opening
balance
2023
£
13,350
13,350
68,931
16,268
-
111,898
1,269,473
1,381,371
-
14,038
7,275
424
186
21,923
1,403,294|Incoming
resources
2023
£
-
-
-
497
6,144
6,641
295,385
302,026
5,333
18,810
-
-
13,759
37,902
339,928|Outgoing
resources
2023
£
-
-
-
-
(13,395)
(13,395)
(265,692)
(279,087)
(5,333)
(18,242)
(577)
(131)
(13,762)
(38,046)
(317,132)|Transfers
in the year
2023
£
-
-
-
1,556
7,251
8,807
(8,807)
-
-
-
-
-
-
-
-|Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2023
£
13,350
13,350
68,931
18,320
-| |---|---|---|---|---|---|---| |||||||113,951
1,290,359| |||||||1,404,310| |||||||-
14,606
6,698
293
182| |||||||21,779| |||||||1,426,089| Page 20 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Analysis of net assets by fund** In the previous year, the assets and liabilities of the various funds were as follows: |Tangible fixed assets
Debtors
Investment properties
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
13,586
-
18,869
-
1,125,000
-
144,483
113,951
(11,579)
-
-
1,290,359
113,951
Unrestricted Funds|Restricted
funds
£
411
9,997
-
11,371
-
21,779|2023
£
13,997
28,866
1,125,000
269,805
(11,579)| |---|---|---|---| ||||1,426,089| ## **Designated funds** **Legacy and Major Gifts Fund:** contains legacies and major gifts whose use by the church is unrestricted. **Rochester Buildings and Repair Fund:** monies set aside to defray the cost of potential future fabric repairs. **Westminster Theological Centre Fund:** monies set aside for the support of the Theological Centre. **Buildings Fund:** monies set aside for future church buildings works. **Missions Fund:** monies set aside for future mission works. ## **Restricted funds** **Charitable Collections Fund:** specific collections taken for particular purposes and individuals. **Youth Work Grant Fund:** represents funds received by way of grants which are restricted for use in youth work. **Foodbank:** represents donated goods received for specific use by the foodbank. **Power of One (Kings Boxing):** Grants received to go towards the Kings Boxing youth project. **Rochester SDF Called to Grow:** Funds granted to various outreach projects pre-approved by Rochester Diocese. ## **19 Related party transactions** During the year donations of £48,352 (2023: £31,485) were received from trustees and related parties. Except as disclosed in note 7 'Parochial Church Council' and note 10 'Staff Costs', there have been no other transactions with related parties during the year. Page 21 ## **The Parochial Church Council of the Ecclesiastical Parish of Christ Church and St Pauls Anerley** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
6
Raising funds
9
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
18
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
18||General
Designated
2024
2024
£
£
180,633
-
33,748
5,154
49,602
658
263,983
5,812
274,362
19,949
6,302
-
280,664
19,949
(16,681)
(14,137)
(10,485)
9,977
(27,166)
(4,160)
1,290,359
113,951
1,263,193
109,791
Unrestricted funds|Restricted
2024
£
91,689
-
-
91,689
94,978
-
94,978
(3,289)
508
(2,781)
21,779
18,998|Total
2024
£
272,322
38,902
50,260
361,484
389,289
6,302
395,591
(34,107)
-
(34,107)
1,426,089
1,391,982|||General
Designated
2023
2023
£
£
218,024
-
32,266
6,144
45,095
497
295,385
6,641
260,343
13,395
5,350
-
265,693
13,395
29,692
(6,754)
(8,807)
8,807
20,886
2,053
1,269,473
111,898
1,290,359
113,951
Unrestricted funds|Restricted
2023
£
37,902
-
-
37,902
38,046
-
38,046
(144)
-
(144)
21,923
21,779|Total
2023
£
255,926
38,410
45,592
339,928
311,783
5,350
317,133
22,795
-
22,795
1,403,294
1,426,089| |---|---|---|---|---|---|---|---|---|---| Page 22