CHARrrY REGisfRATION NUMBEIL. 1138260 TRE PAROCHIAL CHURCH COiJNCIL OF THE EccL￿￿AST[cAL PARISH OF sr MARY W1771 ALL SAINTS. PUTNEY UNAUDITED FINANCIAL STA TEMENTS 31 DECEMBER20LJ EJAv*ri&CoLtd Association of Accowlting Teclmicians 178 TwyfoTd Road Ham)w, Mithllesex HA2 OSN TTrtE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY wrrH ALL SAINTSI PUTNEY YEAR ENDED 31 DECEMBER 21123 PAGE Indyndent examiJtrs reprt to the trustec5 Statement of fits0￿1￿1 ¥tiviti&8 Stltcmort of financial pJsiti( Ststemcnt of (•sb flows Not¢s to the fir4mcio1 sthtements li 12 13 14 Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY TRUSTEFS, ANNUAL REPORT YEAR ENDED 31 DECEMBER 20LI 31 December 2023. REFERENCE AND ADMINISTRAThE DETAIiS Mary wffh All S8ints' Puts Ck*rlty rngbirnth￿ nllJDbeY 1138266 Prlvlp•l ollke Sl Mary$ W l*ttD¢y High Sw Putnw. b)thdon SW15 ISN THE TRu￿Bs Cltry Revd. JLthn WhiUak4r Revd. Dr DaTricl Trou Rtvd J8n¢ Andre Revd Helentt Whittakcf (appoin*4J 10.0523) Pirlth ￿rd Cientsncy c￿m￿tin Ire•8n¢d 10.0523) Swrah nx)mgs (•pw)inted IOJ15.231 D￿rk¢ nrdem. St MAry'# CTrur¢ Aitsh {trm of oiftt eonipldeAJ 10.05.231 Chn"SLi88n De tAttg¢ {i¢rm of offiL¢ Cthnpleted 10.0S.111 Linda O'RMth (app)illtrxl 10.0511) Karen Todd laprx)intrd 10.05.23) Otstr￿ ￿rd￿. All S*l#ts' Ch¥n Kth Innes (lerrn of offi¢¢ c4wleteA 10.0523) S4r*h Tfv)mu (term of oifice complet¢d 10.0523) AliyA)n Fkmin8 {apry>int¢d RO.0523) Obiv¢r Ttyjd {appx)inte4110.05.23) DMll¢ry Sywl Repmmtyttr 5t Mary's ch￿rth Rich¥d Holman Alry LA>wt (Opwinied 10.05.23) Ncil Vus {apwlDW￿ 10.03.231 All Silnts, Ch4r¢h Rosie TayJor-Davies Eve Brwhhaw lapwlntthj ID.OJ23) PCC meN￿rI.. St Mary'• Chttr¢h ki Comfiold (loim ofo(Ik% complrful 10.05.25) Mark Leadley Alex LK)Wt l*mi of office tunplded 10.0523) wlc¥ Roberts Adrian Wee4 (¢¢mi of offltt w￿1¢1¢4 10.05231 Th￿￿11 WAUouBhby THE PAROCHIAL CHIIRCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY WITH ALL SAJNTSI PUTNEY TRUSIELS, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 All Hw al￿ Itttm of offiL* wmpl¢tsl 10.05.23} Catherine CollyeF Ganma Duw {l¢nnofoffic< (l￿p]ded 10.05.23) Eltythth Hamilto SbeJa8h Harrison Iterni ofoffiLX CA)mpleted 10.0523) Simon Killick liam ofoffice thmplet&4 10.0511) Janet S]rnp￿n (gpposTrt¢d 10.05231 Pw¥￿4 Smith (wteAI) Iierni ofoffjce completed 10.0513) anty W¢shvell (icrn) of offlct ¢ompl¢t¢d 10.05.23) PCC S¢¢ret*ry Ind¢pendeDt Q￿MIner E J Avari & Co Ltd Associ￿10￿ of Accounting Teehnicians 178 T￿f(￿d Road MiddleJex HA2 OSN BARkers B4r¢lays Pk I Churchill PlaG¢ London E14 5HP CAF Bank 25 Kin8s Hlll Aven Kings Hill West Malling Kent ME19 4TA One SouthamFrton Row London WCIB SHA Ar¢hltttt Aya Kiharn Paul B.En8 M.ED8 m.sc ARB AABC Ri¢hard Griffith A￿h1* 6 t)￿￿ Square IAth WCIN 3AT THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY TRu￿S, AIMIAL REPORT ftyth YEAR EI¥DED 31 DECEKBER 2023 STRucfuRL GOVERNANCE AND MANAGEMENT The Parish is a ￿ of the Church of EDglart within the DiLK￿ of Southwgrk. It wa5 regi8ter¢d ¥¥ a disti￿t charity (w no 1138266) ￿ 5 Octoi*r 2010. The Parish 15 governed by the Paroch￿1 Church CA)uncil (PCC). which is elected annually by those memlws of the CODgregations of Si Matys ChU￿b fjr￿ Ail Saints, Church who are on the Parish ¢ie¢tornl rou. PCCS ar¢ esl4bliJhed uzthr thr following Church of ED8land Measurcs: The Parochial Church CounciLs (Powers) Measue1956 a5 ￿ended The Chureb R￿resents11ffi Ruks {cornain•l in Scl%dul¢ 3 kn thB sY￿A1(al Govcrnmem me￿Ure 1969 ￿ amended}. OWECllVES AND ACTIVTnEs Th¢ objcrtiY¢s of the P8Ti3h ale the Jx(thLKico of Ctrffisdanity Jnd the Welfa￿ oftl% lo￿1 eAimmunity. The objectives are achieved by: Th¢ provision of rn8ular public WOTsbip (wi to ail The provision of w)rd for persond prnyer and 0)nkMpl￿10ll P•storn] worK including visitin8 the $i¢k and the beI￿Ved Tea¢hing c￿l￿?aft1ty through sern)on& cour￿$ small gnmp The provisioD of activities for childr¢n and youn8 Ftople Promotin8 th¢ mission of the church thTOU8h the w0￿10n of xtiviti¢s for senior cilizu SUp￿rtIng other ¢haritie5 in the UK and oveT5e&q Much of th¢ work of the Parish is undeth by voluDteers. of which we aff foTtsmth to have A considcrnble number in all areas. but F4rticul*rly in the children's ￿tiVItieS. Brlef Hhtory There been a Church on the S¢ Marfs site sitK¢ at k&st the dev¢nth •. The 1837 building aimost ¢ntir¢ly destroyed by fire tn 1973. It W&$ Tebuih in a reordered de5i8n and was reopened in 1981 A ¢ommunity hall was 01￿ io the church in 2006, wbich is widely by loca] volun org8ni3ations. The hall is mana8ed by St Parish TnLs( a r¢l*ted Charity. St Mary's h&s a thrivin8 all4ge conweBati0￿ I￿1￿11n8 laT8e numi*T5 of thildreD. All Saints,. COMMO￿ w&4 ¢0￿cC￿ted in 1874 kn sezve the north we8trrn area of the P*i8h. In the 19809 th¢ attendanGc dwindltd and the ¢hur¢h was rlo*i but it was re1xuDGh￿ in 1993 and now ais0 has a substsnti81. mainly family. con8reg8tton. THE PAROCHIAL CIIURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTSI PUTNEY TRUSTEES. ANNUAL REPORT(u• YEAR ENDED 31 DECEMBER 2023 AcfxviTIES IN 2Q23 2023 was a year of stabtlity aad growth for the ParislL The numE¢r of WoTrhir￿￿ attmthng our services Iw increased and thae h&$ tten consithrable artivtty on ￿lida1]ng aDd improving what we offer xn are&s swh a5 music gnd youth Work. The clergy team snd the Parochid Chur¢h Coun¢il have cryrtinucd to tbe mi￿10n A¢tion Plan that w&8 launcw in 2023. Team There wert no chong&4 to the clew team durAn8 2023. Revd Jane Andre￿ our Pioneer Curat4 complet¢d h¢r thretryear rol¢ in the Parish in July 2024 and she has rrcullly been ap￿)Inted &% Team Viiw of St Mark's Wimbkdon. in the Wimbledon Te8m MiDisty. She will ￿ kavin8 in October. We have greatly benefited from her ministy and wish her SUC¢￿ in her new role. In October 2023 Sheron Hunl an Ordin¥￿ in traini￿ Started a two year pixeroeth in the Parish. yo14￿¢¢T￿ The life of & very &#ive Parish reliu beaviiy cffj a Subs￿ t¢oJn of volunt￿. The Parish Wardens. AYfftdr¢w Grocott at Si Mary'5 wjd Sfjrah ThLNn8s at Saints., have led by ex4mple nd they have been well SUp￿rted by Deputy Wardens in tK)th Churches. The Wardens ￿TrMIt very 5utstsntial am(NJnts of their time lo th¢ smooth nmning of geryices s well as having fornlaf resFh)mibilitie5 in mo# other arnq of church life. They together with the clergy and the other lay members of the P￿￿141 c￿￿￿h COW￿)1, 4r¢ the1￿ tn￿ of Ihe charity. The PCC norn￿llY m¢ets quarterly. Both ourchurches also h8ve District ch￿ch Coun¢il4 a￿lated4 the churcb qmiyal meetin8S. The DCCS apFM7iN their OWD honcff•ry secr￿ari￿ and and thry alyo meet ft>ur time5 a year. On Sunday3 i%nefft frDm tk Comributions m*Je by wrleomery sidespeople. 8tewards. Sunday S¢hool teacher4 server4 deacoN. flowy 8nan8os, b¢lIrin8¢￿ Sacristsns. ¢hali¢e assisthll￿ readu5 and lotc￿e￿￿ We alt very 8rntefvl for the support of 30 many committed volunteers. Wotshlp andSepth¢f Average Sunday Attendance in the P8Hsh in 2023 194 ￿Ults and 51 Children. 'rhe worshipping cthnmunty across the Parish. Teflertr4J Tn the electotaj roll. numbered 517 at the APCM in 2024. Well over one thous￿￿ ￿te￿dea seryice5 held in the two ¢huwh¢s on Christm&s Eve and Chn"SthiAs Day. All Saints, holLis a monthly clM)rn1 gerviLX of Evens(￿8. Prayerls satd five days a week and tF*Te isa mi(hJay ConMDunion serviL% at St Mary'4 which ix attend¢d by 4b)ut 4 dozen peopl In 2023 our ¢l¢w bapiis¢d 03 twplfy including severnl *tuh& condwted 10 weddin85 (plus I blessing serytce) and offici**d at 21 fill*rnls aDd a)mmittals or burials of 8shes. 15 people We￿ preFwed for confirn￿on aryl 33 thildM for Admission to Con)munion beforo conf1rni￿lOn. THE PIlROCHtAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY IVITH ALL SAINTS, PIThY TRUSTEESI ANNUAL IiEPORT{**tyth YEAR ENDED 31 DECEMBER 2023 AcrivrriES IN 2023 {e4)•tl•wl) reaehl•8 The main trachi￿g medium during 2023 wa& as us￿ serniotLS al the four services held in the Parish every SLryMYay. Both ¢hUrCh￿ wel¢omeAI gLW preachers several tim¢$ in 2023 includin& 8t All Saints,, th¢ bishop5 of Southwark and Kingsto tn additio￿ short coutses for adults were run during L¢nt and Advent. A¢tive 8nd ￿11 atteNkd Swthy Khools opeTrte ID Ix)th churches dwing terni ttmes. All childrtn seeking Admission ro cthnmunl(￿ ￿f￿r¢ Confirmation take Imrt in a thorough prekwyiory eourx. &$ do candidates (adults and childTen) for Confimi4tion. In 2024 two kgu5e bavc startcd ￿￿ting fnrtnightly for Bible siudy in a ￿la1 Setting. Cafe Theology. an infom￿1 discwion group of up to 12 people. Continued ¢0 meet regularly at the P8nty at St Mw's. Chlldmn Pe Both churc1￿5 aim to iy child friendly. We hve a lar8e t¢wi of volunKw5 leading th¢ Sunday Srhools 8nd somc Sunday servicej are thsignolto besuitable forall 98es. whichallows Child￿ll to remain in those services tlroughouL Crtthe facilitia are wivid¢4J at both ¢hwclw slJfftd by a roty of volunteqs. The TueSday'r￿dIer knial at Sl Mtry's artracts up to 25 adult& with 8¢comF4nying toddlern, and All Saints. h&8 a weekly Baby & To&Jl¢r playgroup, whi¢h includes A EucharisL Th¢ Godly PIMY room at St Mary's 15 used regularly on S4mdays and also in temi time by St M8ry's and Brlndlehow primary sclb)ols. W¢ cO￿lnue to wwk Closely with the two outstthg church schoob in the Parish. The Par￿hla1 Church Council 8ppM)ints several FouThJation Governors aAI our cler8y r¢gularly lead 8ssembli¢s at ixAh schwls. Camino is a social group for youog ￿pIt in yegrs six and sev¢n froln knth chU￿e%. whith also provides an oppirnthity for dis¢wiim and thinking the ChristiaD faith. In 2023 our Pioneer Cur8te up Study Sw, rnaki￿ St Mary's available ￿ a quiet area for teww8¢rs revisiti8 f(r cxan4 $￿k￿led by tutots. Thirty young wle us&1 this facility. Youih Mlnkny IA Cowwwnlon Youth Ministy in Communion (YMIC) is agrowing network of thurchey collaEthatin8 to share the lov¢ ofGod ￿yOU￿8p¢op1C. It IJ pionr¢Tin8 5acramenlal and collaErf)rativ¢youth mknistry that enables ewelism and growthamong young pwle aged 11-18 in the Chwch of Et]gland's Dioces¢ of London and furtherafield We have been tIK fitst p8risb soutb ofth¢ Thames to link with YMIC. through which ￿ have beDefit&l from put time services of a youth worker. Luk¢ Carson. DISc￿$S1on are pro8ressing for the exponsion of YMIC in Southwth diocw with St Mary's I￿7￿& tk hub ¢hur¢h fw the w>je¢L Mu51¢ plays a major rolc in the life and w(ffship of the Parish. Both Church￿ have adult childreD'8 choirs 8nd we 8r¢ very forbjnate in having exceptio1￿1 Dirrftors 2nd Assisiant Directors of Music. The cboits of the two ChU￿be5 have sung tog¢thcr at scvctal con¢¢rts. St Mary's c￿lT kn I￿1 ex￿nding its Tel￿tOlTe and several of its members sin8 with other THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WTfH ALL SAINTS, PUThEY TR15STELSI ANNUAL REPORT(Mthv YEAR ENDED 31 DECEMBER 2023 AcfiviTILS IN 2011 (colltin•¢d) All Saints, choir 15 st1pp)rt￿ by chornl s¢hokn (a which ￿ bein8 ¢xpÈnded to include th¢ 16- 18 88e group) and it Sang ffl over one hundrtsj 0￿10￿5 in 2023. including le8din8 aD Ev¢n50n8 seryice at Hamplon CourL All Saint's Treblemak¢rs l￿W ittvolv4s 26 Children and the Harn7onic Mittor8 at St Mary's around 10. but in both ¢hur¢hts attendance can be irregular and new mwnbers are always w¢lcome. Both ¢hw¢hes ￿￿1C r¢¢ilaLs- All Saints. and St Mary'5 (ffl a m(re orAsional basis. BellrfnglnR St Mwy'5 b49 a10ts8 ryadilion of bell ringi￿ I￿1 we marked the e(*£n￿lOn of Kin8 Cbarles Ill with & Srrtial pea]. The team regularly visits other ￿11 towers and ￿1¢0￿¢$ gll￿ts to St M4ry's. Oneofour fornjer 11 captains is Sup￿rting the tslablisTrrtnent of a ieam in the nei8hbourin8 parish of Roeh4mixon. Nvw ringery are kin8 *tively r¢cruit¢d throu¥hthe'Ring for the Kthg, initsttve. Por&h Acrfon PA 1$ a 8roup within the Parishthat rnises fimds fcf. and also aw8r¢nets of. a grotw of¢harities, which are ¢hosen by the c(wegatiODS ev¢ry three yeats. For the 2022f24 period th¢ ¢hariiiey we are suppcfflio8 are the Ch#rli¢ Waller Tnrt Christian Aid Glw Door, R¢gen¢rnte. and Wandsworth FwJiwJL PA will also C1K￿lnue to SUPFK)rt Guardity. whj¢h caru for orphans in Zlmimb￿, with fun(ts ftv fwl and edw*ion. In 2023 gTDUP generated fimds of £12.644, ￿ weu as numing regu]8r monthly wllertions of food and household goods for Wanthworth Foodtonk. Chrislm&s ¢ollethio￿s in the ¢huT¢hes were given to the Archbishops, ap￿1 for GaJ and to Wartdswortb Ptison TnLsL Thesernbbery The SerubEory w&q tsp as o PArish Artion woiecteorfy in the Covid pandernic. Rosie Taylor- Davies or8anlsed aleam of Ioc41 volwlleus to F￿fil Jrqucsts foT scnjbs from NHS hospitals and heahh¢are providers London and wher¢ver there w85 need. In 2023 scnth. medical Surplics arml 81$0 camouflage J)ets have i*en m* for Ukrain¢ and the Scrubbery fa¢ilitaknJ tbe delivery of £2Jm of surplus NHS supplies to that county. The Scrublxry's rommltrnert cxtends Iwond mere donatiOD4 focusin8 on stsat¢gic collaboration5 and logisti￿1 pDwess to maximise its imw. Notable efforts la51 year included R05ie drivin8 a van fidl of aid to Lviv where the van. donated by ¢Net in Irelw&£ was haNled to Ukrainian military for u9¢ in mcdical evacuati￿$. 'The Scrubkny 15 b&8ed at the 0￿13 Academy wimary sch(KJl in PUW where Rosie and other volunteers PTovide supm to tkn lilx8ry. amongst dh¢r ad*vTlieB. The group has received fonnal awards frrryn Uknxinjan organisa¢ion4 as w¢ll &8 recognition from IrKal community t￿les. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY TRUSTEES. ANNUAL REPORT(r*th YEAR EIWED 31 DECEMBER 2023 AcfiviTIES IN 2023 (toiillnu￿) Ider Church Members of our congr¢gatiOn5 b8¥e contiibuted to the work of ijoth d¢anery and di0￿&1￿ synods. We coutinue to k iDYo1v￿ ID Churtbes Together in Putsw and Ri*homptoo sharing in th¢ Advent carol servic< held * Si Mary'& in ￿ World Day of Pray¢r and in a L¢nt come. We wrtinue as a tnember of IncI￿1Ve of which we were onc of th¢ foundm. Convnunlty At St M4ry'4 thB ¢burch •Jbathe BTcwcrBuilding community hu￿ OF¢f8trd by Si Mary's Parish Tn￿( an asso¢iated charity. ar¢ uxd intensively. Bw Bees nursery is a rffjnanent fixtlre, &% is ￿theY Panty. Whic￿ whil¢ Ixitig a ¢onun¢rcial owation by An independe caterer. enables us to off¢r hospitatty of a professional quality. seven days & weeL 98 well As ror functions. The complex Is used by nwy communtty 8TOUPKS offerin8 a wide of activities. includi educatio￿ music, 414 daw fithe4 Well￿ and social gatheriD85. Wandsworth Symphony 0￿h¢S￿l rehearses at St W's and St Mgry's is one of the main veoue5 for Wan(L8worth Artj Frin% with many events thknti8 pknce in the ￿ under Bridge. whi¢h the Parish mana8¢. All Saiots. Iws to run its much allyeci￿ Senior PTOW8Thm4 which had 16 regul￿ merni￿ in 2023. supwrted by a c¥Thmitted team of helpe A so¢iai group for th08¢ in their 20s 309 w85 launched in 2023 and li ha5 a]Teady becorne firmly ¢stablished. Our aim is to t￿u￿ thAt the hrish pn)vides somethlrg for people of all ages. The R￿Ircafé & st Mary's is o￿n monthly. on the second Sabjrday of the mgnth. A leam of around ten volunt¢•s repairs fAbric& electr[￿ appliaw ele¢troni¢ gadgcl4 laptop4 kitchen knives and bri¢4-Lw an¢ Wh￿ the mall&￿¢r is Availabl< bKy¢les and clocks. At ea¢h se&5ion Ao avernge of 30 wmirs wried OUL Sufe8Mdrdlng Safeguarding in relation to both rhildr¢n and YulDerabk adults wnttnue5 to be a priority throughout the Parish aod LK)th churches have htghly wmF*nt safeguordin8 officers in plxe for E*Jih We also bertfit from the Sup5￿ of di(Kxsan 58fe8uarding cxperts. EleL*or&lRoll The number of people on St Mary'$ •le¢tornl rou APCM ia May 2024 gtotsl ￿ 297 there were 220 on All SaiDts roll. Thes¢ figurrs show adropofone at Si Mary's aThJ an increase of tw¢lv¢ at Atl Saims. si￿¢ th wevious APCM. Church B#Udlngs Forttmately. no major Trairttaw￿ w&8 requir&1 in eTther ¢hur¢h ID 2023, bui we still managed to spend £28.0￿ kxtween the two chwch¢s on routinc works- and the OC￿*10n85 emergency - to buildings and upkeep of the BYourxl& St Mary's ¢ompleted the commissioning ofDewatyJiO&vi8ts￿ equipmell4 wbi¢b will allow us live 3tream seTvice& co￿ertS and oth¢revents. Explor*w work cothueAI onawoiect to irts otovoltaic ￿11$ on the rwf of the churclL THE PAROCHLIL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUThEY TRUSTELS. ANNUAL REPORT{ 8ive a 51eaty flow ofincome 8nd appre¢iation in the Wmlerlying ass¢15 th* at le8St matrh¢s infiatio￿ but al a low level of risk. In 2023 income a￿DUm¢d to £1 1.806 (2022: £8287) and there was an uDrealis¢d c4pital loss of £2.863 {2022..10s8 £44.6271 Additional iftfrym*ioD on loVestm￿ be fouod in Note 19. THE PAROCHL4L CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTSI PUTNEY TRUSTEES, ANNUAL REPORT(c•trf YLIR ENDED 31 DECEMBER 2023 RISK REVIEW The PCC'S principal are￿ of risk are COTL8idere41 to 1%". WoTkin n aTKI vuln le . Wulenc￿ Safeg￿l￿g Officers have t*en appointed and poliei¢s and workin8 ￿￿ctI￿S are revi¢wcd regularly. All athilts working with ¢hildren and vulnerable Ydlults are subject to DBS (DI￿￿￿3Ure & Baffing Ser¥tce) che your examin¢r musi be a membcr of a b(Mly listed in s¢¢tian 145 of th¢ 2011 Act. I confirni th8118m qualified to undertake the examination 1K￿llS¢ l am a member of the A&focialion of ACC￿nting T4xhniciao& which is one of the list¢d iKMJies. I have completed my examinalion. I that no material matters hav¢ eme to my ati¢otion in connection with th¢ examtn8tion giving mc cause to klieve in any m2trTi81 respect.. accounting re¢(rds were not kept in ffspect of the charlty ￿ required by section 130 of th¢ 2011 ArL' or the financial statements dn not a(xord with Ih05e T¢wnls: the fin2nci41 StstrM￿ts do not comply with the 8ppli¢able requirements eon¢erning the forni and content of *ccowJts set out in the Charities {Accounts and R¢poits) Regulations 2IX)8 other than any Tequirement that the accounts give a'tn* and faie view whicb is not a matter onsidered ￿ part of an independent cxamination. I havc no concerns and have come acmss no vthLr matters in eonne¢tion with the examin8tion to which ttention Should ￿ drnwn in this report in order to coable a proper unikr5tsndin8 of Ihe accounts to be Teached. LI+ IAJ_ Edulji J Avari Bcom K4AT EJAvari&CoLtd Association of Accounting TechniGiaThq (Licenct no: l(M)4948) 178 Twvford Road HamTrw Middlesex HA2 OSN October 2024 12 ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY ￿T￿ ALL SAINTS, PUTNEY STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 DECEMBER 2011 2023 un￿￿1r1￿ R&%tricied funds Totsl Totsl futMIs 2022 Income *ttd elldowm¢uts Donations and legxies Charitable activities Othcr trading a¢tivitie8 Inve51meni income Other income 425042 82.160 34.171 73.762 4.752 25J)40 450J82 82.160 34.171 73.762 4,752 645227 415,965 87.195 32.918 70,507 5.872 TotAI lTreoM 620,187 612.457 Expendithre Expenditure on raising fu￿15. Costs of raisiDg donations #nd lewies IDv&8th)eni manwment cc6ts io Expenditure on charitable activities 11.12 To¢•1 ¢ApeDditll 1.836 11.793 560.020 573,649 1,836 11.793 614.062 627,691 10,009 662,478 672.487 54.042 54.042 Net l (reJour¢e• *%￿nded> Net gains/(1088es) on inveytments 46538 {29.lJ)2) 17,536 (60.030) (46.847) 13 Net 47J15 (29,(K)2) 18.513 {106,8771 Re¢onellthtion orrundi Totsl fund5 lyought fonv8Td &8 previou5ty 1.793.690 261667 2.056,357 1163.234 233.665 2.074,870 2,056J57 T4)t•l tsttds c*rrkd forvayd 1,841205 The sl*en%nt of financial xtivtties tncludeg all losses Wis¢d in Ihe year. All income and expenditure deriv¢ fmm continuin8 ¥tivities. The no¢u OH pap 15 to 33 forni tArt of these fllunepil ytstémellt& 12 THE PAROCHIAL CItURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY STATEMENT OF FINANCL4L POSITIOY4 31 DECEMBER 2023 J)23 2022 FIXED A&SKTS Tangible assets lthvestments 376.663 1.402.919 363.993 1.400.768 19 .779.582 1.764.761 CURRE￿ A&SETS Debtors Cash Et bank and in hand 48.955 293.736 60.333 264.643 341691 324.976 CREDrroRS: •Thoonts f*llth¥ d•e withio one year 21 (47,403) (33.380) 291596 2,074370 2.056.357 NET CURRENT ASSETS 295288 TOTAL KSSETS CURREr￿ LIABtLmLS FUNDS OF THE CHARITY Restricta fund5 Unrestricted funds 233,665 1,841205 262,667 1,793.690 2,056,357 Total ¢h*rlty 2.074.870 These fin￿￿181 Siptements wtre apyoved lry the tK>gnl of truste45 8Jd auilhxised for issue on I&octokn 2W. and are siy)ed on bdtr4lfofthe trustscs ty.. Revd John Whitt8ker Rector Richard Holman Parish Treasurer Th* notss o• py IS to 33 forn pxrt oftbc4* fuwi¢l•l sthiemettlL 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH AIL SAINTS, PUTNEY rATEMENf OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2022 CASB FLOWS FROM OPERATING ACTIVITILS Net (¢xpenditiwcYinwme AdjutDvenlsfor.' tkpre¢iation oftso8ibl¢ fixed assets N¢t Iossc5 1 (£aios) on InvtsM￿ts Other interest re￿]Vable aThJ similar itKome 18.513 1106,877) 5.442 (977) (73,762) 3.450 46.847 (70.507) cl￿￿￿ in.. Trade and other debioTS Trade sxher crrditorn Cash 8¢neMed from OFm¢i0Th8 Interest recelved IlJ78 (5.431) 14.023 {1.055) 125 J83} {133.573) 73.762 70.507 48J79 ¢ash {u8ed inyfrom opvating activitie5 (63,066) CASH FU)WS FROM INvLsfiNG AcrivmES IlwchAYC of tangible wets Pur¢hws of other iDVUtsneots Net C&8h in inve8tin8 athivrties (18.112) (1.174) (19,286) (588) (588) NET (DECREASEYINCREASE IN C￿H AND CASH EoufvALENTS CASH AND CASH EQUIVALEIYTS AT BEGINNING OF YEAR CASH AND CASH EQUfVALEI¥TS AT END OF YEAR 29,093 264,643 293,736 163.654) 328297 264.643 Th¢ 4ote8 p•gf8 15 to 33 forn prt of tht* fio*nelg1 i¢*tom•at& 14 THE PAROCHL4L CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAIIYTS. PUTNEY NOTES TO THE FINANCIAL STATEMEN13 YEAR ENDED 31 DECEMBER 2011 GENERAL INFORhtATION The clwity is a public l￿fit entity and a Te8iSter¢d ¢h8rity in E￿land Wales and is Unin¢0￿ The*thlress ofthe principwl Offi￿ is St Marys churc￿ Putney Ht8hStrttLPiitsw. LfjndoJ4 SW15 ISN. I SrATEME￿f OF COMPLIANCE These fm8nci81 ststcmcnts have ben in wnpliance with FRS 102. The FiD8ncial Re￿rtIng Stsndard applicable in the UK and the Republic of Ireland,. the Ststement of R￿0mMended Practice appli¢able to cbuiiiu wcFwin8 their accounts ill with the Firwicial Rep)rting Stsndard appliLxblc in the UK aNI Ryblie of Ireland {FRS 102) (Clwities SORP IFRS 102)) 8Dd the CFArides Act 2011. ACCOUNTING POLICIES B•sls ofpr*pr•tlom The financial ststements have br￿ on the h￿or1e&l wst t*sis. ￿ modified by the revaluation of ¢¢tsin financi￿ and liabiltties 4nd inveslment Womies musured At fair Golnz eooe•nb There no matsrial wK¢rthti¢8 the •bility tt> wntin￿. Fund A restricted fund is a fund subiexl to JpecifK trusts (e4. by • Idter from the doTr)r at the time of gift). It may be a L¥pital which Cann￿ bB but must be Tetsin¢d for the benefit of the churcm or it may be income which must k sixnt OD the specified within a reasonable time. All funds h¢ld f(Y Se￿ aTe known &$ unrestiict￿{ funts to distinguish them fmm restricted funds. Tr ¢huTrh's unrestricted fimds 8Te therefore those which are held for s￿dIng at the ￿c,$ di￿retiO￿ These iD¢lude any fiwther funds which the PCC design*¢d foT particular If the PCC sets ayi& wt of its wrestrictrd fimds a particular woject it MAY pl&e these in 4 which the PCC MWE withkn 8 retsaMbJe tim¢. Is THE PAROCHIAL CHURCH COUNCtL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTSI PUTNEY YEAR ENDED31 DECEMBER2023 ACCOUNTINC POLICIES un Collections are r¢cognised wh¢n rettived by CtrOD t¢hlf ofthe PCC. Tgx Jvovernble under Gift Aid is recognised when the inc(*ne is rewised Other: non-specific donations we tecognised when Te¢eived. Funds Taised by fde4 quiz Dights al￿ similar events gre accoun￿ for gros5. Rentsl income from the lelthJ8 of wopw is rwnistil when the renlal is d￿. S8ks of ma8azi4es Divideftd income is accounted for wheD due and pyable. Bank iDtwut is rrcoglliJrA and recorded in the ftyjancial statements 8s the income ac¢nM. Rtsliwjgains on protvties 4re recognised when the properti￿ are solIL R¢aliscd gains and losses on TnvcsthieDts are recognised when the investments are sold Unreaiised g•ing or losses ￿Unted for on revaluation of Investments at 31 December 2023. Resourt¢s expended Expendikntre is irt¢luded onao &cn*15 l¥sis and is Tow￿lSe4 WI￿ thuE is a le￿ or constrU￿1ve obligation to pay f4x ex￿d1¢urO. Gtants and donatiOD9 8re for when pld over. or wlKn llwarth￿ if thai award creates a btndin8 obligation on th¢ PCC. tivities direct The Diocesan Parish sharc is accounted for in th¢ yearttl which il relates. Any Parish sh8Te at 31 DeceD)ber 1$ provided foras •n liability. and is Sknwn a¥ a cr•Jitor in th¢ balance She￿. T*tr￿b￿ *Mets Con8ecrated and i￿¢fiCed prowy of any kind is excluded from ts W&unts by se£tion 10 {2Kc) of the ChaTiti¢s Ath 2011. This comwisa4 maitdy St Marfs churc￿ Putney Hi8h Street and the surrounding lan¢ and All Sw, Churcl Puthey Common and tts14nd. Th¢ Partsh also owns the firehold of the Old Burial Grou￿ Upper Riclllnond Roa¢ fpr the management of which the London Borough of Wand5WOrth h85 Stat￿Ory re5w￿lbl1ity. Moveable church fiThiihitsgs held by the Vie4r and Church WardW￿ on s￿1&1 ffi￿1 for the PCC, and which re4uire 4 faculty for di$￿saI. are ￿(￿jnted as inalienable unless consecrnte(L Th¢y aff listed in the Church's inventory which can be InSp￿ted (Bl any reasonable tim¢). For inAliert8ble proFerty 4cquirnd FYIOT to 2(KKI tlxrc ts t￿u[ficient cosi Inf0m￿tion available and therefore such ￿ets are valwj io tk &counts. Items since January 2(KN) have i*en ¢apitali5ed and deprecia￿ in the xcounts over their cumtly allti¢iF*d u5efui emnomic life on a straight line Iwi5. 16 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS. PUTNEY YEAR ENDED 31 DECEMBER 2023 AccouNllNG POLICILS T*n8lble {tonliDDed) Impm¢ments to or knfilul bJildiDgs ¢ostiDg ]w than £l,IKK) tnduded in the TfSOUTttS exp¢ndEd in the yw in which they are inojryed. All maintenance 8nd r¢p9irs are a]so included in th¢ MouY¢es expukled in the SOFA ftrthe ye8T ID which the expendith ariyes. er itnmov her itnmoveabl¢ proFty comprises IMJth funaional gnd iovestn*nt assets. Fun¢tion81 proixrty is held with the primary purpose orho￿singCIeW. although Wh￿ it is not Tequired forthis pUry￿se it is l¢t in order to gener8* In￿Me for the Parish. Inv&%tmert is h¢ld to provid¢ tncome and with the objective of 0trtain1￿ capilal a[4Ye¢S￿l0fj over time. The Parish Te8ard8 itself &8 A long terni investor. . Ai the yeArend the P*ri3h owned a10Tr81¢8schold aFrn which arquired durEn8 2015 for ¢l¢rgy us¢, although it is currently lth commerclallyl and a long leasehold aFArtment as an investment. The fornKr is shown * cost and it h&8 not been in the fwncial ststements on the grounds of immateriality. due tothc very long econorni¢ life and its ¢XF*Cted residuai value. It's value w&$ estimated by Parkgaie Estsks (RICI￿Olld) Ltd on 24th October 2023 as being the region of £350.{￿ to £375.(W. Since the c￿t wice falts within that ronge revaluation gain or loss th been refle¢*d tn th¢ ￿COUnts. The lattr prom is inclth in the accounts & fair vduc of 3111 Deeember 2023. following reValu￿10n by Park88(e Esiates (Richmond) LttL Churth offi¢¢ equip￿￿1 iwluthn8 Cotnimlters and furniture Office equiprn¢nt aThJ furnTkn us¢d within the Church pmnises is (kprcciated on a might line bllsis over four and trn years rtsrrttively. IrMlivIdu￿ it¢m8 of equipment with ¥ wrth8se pri¢e of £l.(K)O or below are not #pitalisrt and thus are included a8 revenue exwKlibJre in the SOFA in the year of purchas¢. 14veglmeDts IDv¢sthients 8re Tevalued to market valu¢ * 31 DEcanber 2023. DcFK¢ciation is ¢akul•t¢d to writ¢ off the Ca￿ oran * leu its e5tirnated T¢xidual value. over the useful ¢¢onomic life of that &8set as follows.. tkpre£i8tion is wovid¢d on all 1kn8ible fix￿ asse¢$￿ rate5￿Cul8￿d to wtile offcorton astr¥18hl line Ixsi$ overthelr eX>￿tal usefill e¢owAnic lives as followy: Church office eqUI￿ne￿ and computers Church furniture Godly Play equi[￿ent - 4 years. - 10 years. . 20 years. Currtttt •J8ets Amounts owing to the PCC at 31 Decembty 2023 in respect of fees. ￿nt% or othv inC(￿e are shown as debtors, less provision for any amounts that may wove uncoll¢¢tible. Short terni thposits include ¢&sh heldoo (kr¥isit with thc CBF Church of Fthgland F* ￿ at the 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY NOTES TO THE FINANCIAL STATEMENTSf¢•*& YEAR ENDED 31 DECEMBER 2023 ACCOUrnNG POLICIES lllvtstmemt property Investsnent prow is iniiialty ￿00Th￿d at C05L whith inclth purch￿ wice end any dir¢otly attrftbutable èXF¢nditiw¢. Inv¢sthKni prom is rev8lutd if tF¢ P8nKhial Church Cou￿}1 Co￿lderS there has èeen a material movem¢ot iu the mark¢t value a￿A ary clwngfs in fair v￿u¢ are Wised in incom¢ or expenditure. Ira reliable m¢asur¢ of fair is no Iwer available with(MJt undue cost or effort for an item of investment property. it shall be tra￿ferred to tangible assets and trthl as such tmtil Tt 1% expect¢d th8t fair valll¢ will i* ￿lIablY w*&%wable on an on*oing l*sis. Imp*irnheAt offixed A review for indic8tors of imrAirnient is wri¢d out at eo¢h reFK¥rtin8 d*e, with the reeov¢Table 8mouTrt bein8 estimated wbcre such indi¢ators exisL Wher¢ the ¢arryiD8 value exceeds the rxoverable amouni the a&8et is impai￿d acwrdingjy. Prior impainDents also reviewed for Fossiblc r¢vcrsal at each reN)rting date. R#overHble amount is the higher of fair value 1¢$$ costs that wouId i% I￿ulTed in sejling and the value in use. Ifth¢ rttovcr4ble amounl ofAny asset is e￿Imated io be less its carryin8 amounl the canyln8 amount of ihe is T¢duced to its re￿v¢rable amourf. An iM￿lM)ent loss is recognised immediately in the statement of fjnancial activities in the year. unless the relevant asset is carTied at a revalued amounL in which the itnpiTment lo￿ is trealed as J revduation thcrease. R¢rognised impaimient losses are Thetsed if. god only if, the reasons forthe Impairnle￿ l(ts5 ￿¥t Ixased lo apply. Wher¢ an im￿1nnenIl055 suiwueDtly rev¢rses the c4ryin8 amount of the a55el is increased to the rcybsed ¢￿iMate of its recoverable wnounL I￿t so that the increwd caryin8 ftmount d(Ks nol ex¢eed the carrying amount would have been deterrnined had no impirnient loss iY¢n rewgnised for thc &8set in Pri￿ ye￿. A Tevets8J of an impAirnkot1055 is rwised immedi￿tly. unless the relevant a*ct is carried 8 re￿lUed amoun4 in which case the ttver5al of the impirmènt Iw 15 tr¢oted •5 a revOlu￿10n incm5e. FlnAncl81 IM¢rnm¢nts A fina￿181 asset ora fiwictJ] liability is rewised only WIM the ¢lwity t¢comtt a party to the coiitraLXual FTovision8 of the B351¢ fjnancial it￿¢￿ts are iDitialty reco￿1$ed * the amount rettivable or Feyable including any related transaction costs. CuneDi awts aTrJ curwem liabilities are subsequently me&¥ured at the cash or other wn3iderntion txpeded to be paid or r•¢VIvr￿ 4Dd dl¥rountr(L De Instruments arr subSequ￿tIY mwurrd * 8mortised cosL Where inYestmeDts in Sho￿ 4r¢ publi¢ly tra(kd or their fair value can oth¢rvrise L* m￿vred reliably, the investment ts subsequently measured at fair value with in f&ir value rxOgni￿d im income and exE¢ndittwe. All (thr investsnents Are suiwuently rn￿ured at COSt less imFuirnknL THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLIC￿8 C4W Fln•DdAI Instrllments (¢¢wtd) Other financi￿ inthllneDty including deriv*iv¢s. are initsally rwised ￿ fair ￿lUe. unless Incnt foran asset is (kfur¢d Eyond nonnal iNJsintss tern]s or financed gt a rale of interest that is not a mats rate, ID whicb case asset is mA%ured at the W¢S¢Dt vol￿ ofthe firture pyments di3count¢d at a market rat¢ ofintcrcst for a similar debi 3nstyumenL Other fin￿￿181 instrun￿nts are $U1w￿ntlY m¢85ured at fair v&lue. with any Ch￿eS r¢wgnised in the sw¢ment of fin￿￿181 ￿1viti& with the uceoion of kdging instruments tn a ¢ksignated hedging r¢lationship. Fin4n¢ial ￿sets that ar¢ mWEuvd at c(ut or *morti5c4J c4>st aye r¢vie4fft1 for obie£tive ¢videnre of impAirm¢nt at the end of eA¢h Tc￿rtIng dth. If there ts objectiv¢ ¢vidcnce of impaitmen( i[npai￿cnI loss is le￿iSed ￿<￿T thc 4WQF¢i*e in ￿ sts*ment of finaDGial &ctiviti¢$ in which the initial gain was rewised For all equity ittstru￿ regwdless of signif￿1￿1￿1 4>theT 6naD¢ial 88setsth#t8r¢ individudly $igtiificani these ar¢ &ss¢ssed individually for Im￿1r￿ent. (hhcr finan¢ial 85s¢ts are either &8sesscd individually or on the t•sis of similarcredit risk ch8ra*ristia. Any r¢ver5a]s of iM￿1rni￿I are TEcognised imm¢di8tely. fo the exteni the rever￿1 do¢s not Jult in a canying amourti ofthe fu￿￿tal ass¢t th&exct eXp￿te¥j to be sellled wholty within twelve montlks of the end of the Iri￿1n8 date in whi¢h the ernploytt5 TeThler the Telated servi(T. the liability is M￿vred on a discounted pr¢5enl value knis. The unwirtding of the disc(wnt is wised an expens¢ in the lod in which it arises. J9 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, pirrNEY YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIKS UDfe5tri¢ted Restricted Total FuDd& 21123 DONATIONS Gifi Aid dor4tior In¢ome Tax Recover8b 241,732 60.690 241.732 60,690 Collectio Donation8 Legacies 37.101 21J52 64,467 425J42 37.101 46.392 04.467 25.040 25.040 450.382 Un￿[1¢*d RestrT¢t¢d Totsl Funds 2022 DONATIONS Gift Aid donations In¢iJme Recoverabk 245.596 66.739 245,596 66.739 GIFrs Collectio Dondions 31J 36.124 31,390 72.240 36.116 36.116 379,849 415.965 CHARrrABLE AcrivmF Unrestricted Totsl FuDdy Unrestricted Totsi Funds 2023 2022 Church IAttiftgs Ma¥a7ine advcrtiSiQ8 WeddinWFuner81 Fee3 09273 69273 70J19 1.233 15,643 87,195 70,319 1233 15,643 87.195 12.487 82.1 11487 82,160 20- THE PAROCHIAL CItURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MèlRY wTfH ALL SAINTS, PUTNEY NOTES TO FINANCIAL ￿ATEME￿{￿ YEAR ENDED 31 DECEMBER 2023 OTIiER TRADING AcfiviTKES Uorestri¢ted Restricted Totsl Fun¢lg 2023 Tru8t Incon7¢ 34,171 34.171 34.171 34.171 UDrestric*d Restricted Total Funds Fun 2022 Tr￿st Income Othergrnnts 31,718 1200 31.718 1,200 32918 32.918 INVESTKENT INCOME Unfestricird R¢stri¢led Totsl FllTrdJ Fund5 Funds 2023 Church Property Rental Inwm¢ Imere5t and Dividends 56.848 16.914 73.762 56.848 16,914 73,762 Unrestricted RestTicied Totsl Funds Funds Fund5 2022 Church Property Relltal Iwjme IDl¢fest and Dividends 59.971 10261 59.971 10.536 275 70232 275 70,507 21 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESL4STICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY NOTES TO THE FINANC￿ sTATEMENrsc￿l#A￿• YEAR ENDED 31 DECEMBER 21ll3 (yrHER INCOME Totsl Funds 20LI Events Other incorne 4,080 672 4,080 672 4.752 4.752 Tots] Funds 2022 Events Other Incottte 5.846 26 26 5J72 5.872 COSTS OF RAISING tK)NATIONS AND LECACILS Restricled Totsl Restrict¢d Total Funds 20LI Funds 2022 Fundrnising Evem CINts 1,836 IA36 10. INVESTMEi¥T MANAGEMENT COS15 Unrestricted Totsi FuDd• UDre8trictsd Totsl Funds 2023 2022 i*t property M4intenanrx Service charges and other c4)Sts Letting Commission 3.479 5.072 1,458 10.009 3.479 5.072 1.458 5.924 1970 5,924 1970 11.793 11.793 10,009 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SAINTS, PUTNEY YEAR ENDED 31 DECEMBER 2023 I I. EXPEI¥DITURE ON CHAR￿ABLE ACTivrriL8 BY FUND TYPE Unrestricted Rcstriotcd Tot41 Fundj Fund8 2023 Missionary and Clwitsble Gi¥iD8 Dio¢¢san Parish Supwtrrt Fund Clergy ex￿n$¢$ and accommodation Salaries and NIC Lay Stsff ChoiES and musi¢ Twhitig. mission aThJ evw8elism Servkce ex￿n$t8 Evertt expeoses LighL Heat & W*er tn5urance Mairfena￿- Building$ 8nd Gft)un Cleanin8 8nd Dispjsal Parish Magazine Church Lettin8 Expemes Offi¢e ￿nI Telephone & Internet Printin& Postage & Stationery rr Support and software Equi￿CnI H05pi¢ality Sthff travel Subscriptions Bank Charyts ond Interest Sundry expenses tkpreciation 1106 298.(KK) 7.555 97.817 20.858 1,742 6,739 8265 39.935 &866 27.897 7￿6# 1200 5.W6 1.540 42.839 44.945 298,000 7.555 97.817 20,858 10,385 6.739 8.265 39.935 8.866 27.897 7.568 12 5,996 1.540 8,643 4,959 2.479 4,959 2.479 1,523 1.523 425 506 425 506 1.896 5.442 S.700 2.881 5,700 1561 560.019 54.043 614.062 Un￿StrICted Funds Restricted Tot•1 Funds 2022 MIMionary and Charitsbk Givi Diocesan Parish SupiM)rt Fttnd Cler8y ex[￿5¢5 and &C¢oMm￿￿10n S8laries and NIC L4y Staff Organists, choir5 and music Teaching and evangelivn Servirx expe￿IeS Event cxpcDses Lighl Heat & Water Insurnnee Mainten2n¢e- Buildings and Groun& Cleaning and W&ste DisFosal Parish MagAzine Chur¢h ixttiftg Expews 2,908 320.164 29.4508 91 J16 18.408 1.818 4.078 14.163 40,793 8,159 51.067 5.059 12 5215 30,404 33.312 320.164 29.608 91.316 18,408 32T2 4,078 14.163 40,793 8.159 58.067 5.059 1.2CN) 5215 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY ￿TH ALL SAINTSI PUTNEY NOTES TO THE FINANCIAL STATEKEm<¢Y*d4r* YEAR ENDED 3] DECEMBER 2023 I I. EXPENDrruRE ON CIIARITABLE ACllVTTIL8 BY FUND TYPE (¢oAt'd) UttTestricted Re8trict¢d Total Fun 2022 Telephone & In*nKt Office rent Printin& Poslage & StatiLWy IT sUp￿rt and software Equipm¢nt Subscriptions Bank Charges and Intrrest Sundry expew8 Depreciation Staff Re¢ruitment and welfatt Accounts examitwion 5.080 I2.0￿) 7.672 1,647 lJ33 210 5,080 (2,OW) 7.672 1.647 ,333 2.610 1.089 1,108 3.450 798 5.059 143 57 373 1.051 3,077 798 5,059 625.829 36.649 662.478 12. EXPENDITURE ON CHAIUTABLE AcrivrriES BY Acrivrry TYPE Givin8 Ministy Fa¢ili¢iw Admin Wider Church Total 2023 Parish Supm Fund Lay stsff Other expews 131900 42.781 165,100 298.000 97,817 218245 14.052 40.984 20 61248 233013 aiving Wider Church Ministy Faciliiic* Athnin Total 2022 PaTish SupkK)rt Fund tay stsff Other expenses 212.3( 37,752 107.864 320.164 91,316 250 998 662 478 13J83 40.181 325 797 130676 13. NET GAINS I LX)SSLS ON JNVEsfMEN73 Unre8trlthd Totsi UMestric*d TotAI Funds 2023 2022 It￿seS) l&ins ￿ listed investn 977 {46,84T) (46,847) THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY WITH ALL SAINTS, PUTNEY NOTES TO THE FINANCIAL STATEMEMS(0* YEAR ENDED 31 DECEMBER 2013 14. NET ffXPENDITUREyINCOMi Net {expeTrlitrYI￿)me is 8tsted after ¢lw8ll)W(¢re41itin8): 2023 2U 5,442 3.450 I& INDEPENDEKf EXA￿lINATIoN FELS 2023 2022 IDdep¢ndent examination of the financial stateo 5.7(M) 5,059 I& ￿AFF COS15 The total sthff casts arml employe¢ ixnefits for re[￿1￿8 ￿riod are 80&tys¢d as follows: 2023 2022 Wage5 and $8Jatie4 Social security costs Employu contritNtiong to F¢wion plans 94.059 88,506 1.035 1.775 1.975 97.817 91 J16 The avera8¢ he￿1 ¢ouDt of effjployee& iDC1￿￿￿ w.iime 5tsff.dwingthe year 10 (2022: 10). Th¢ aY¢rage ntrnE¢r of anployees duTin8 the year Comprised 3 athninistrative staff12022'. 3). 4 organists {2022. 4), 2 children's wirters (2022: 2) aJMI I fxilitics (2022.. 1). Durin8 the year th¢ PCC employed 4 proputy maDa8er, F*sloral wisiw)ts. childr¢n's workeT hur¢h &dministratrs and ot8anists, non¢ of wknm ¢arned £￿.C1)0 or more. Organx5ts who dq>utised at s¢ryir¢s aDd rmfessioDd ¢hoir memlm weT¢ on a freelance Ewi$. 17. TRUSTEE REMUNERATION AND EXPENSLS Durin8 the y¢ar membet of the PCC vecc1v￿ any ￿lMiR￿Sen￿ of ex￿Lse$ or remunerntion in relation to that role. P8rish cler&v are employed by thc Chutch Commissioner8 and arc therefore not regarded ￿ employees of the PCC. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY WITH ALL SAINTSI PUTNEY NOITS TO ThE FINANCIAL sTATE￿El￿S(LY•thV1) YEAR EIWED 31 DECEMBER 2023 I& TANGIBLE FIXED ASSE15 buildiD&S Equiwent Totsl Ai l January 2023 Additions DisWs At31 Dtte￿ber 2023 Deprecl•lion At l Janwy 2023 Disposals Cbary¢ for the year At 31 De¢emb¢r 2023 Carryinm XJDOUAI At 31 De¢eJnber 2023 352.724 112.821 18.112 465545 18,112 351724 130933 483,657 101.552 101.552 5.442 5.442 106.994 106.994 352.724 352.724 23.939 376.663 363,993 Ai 31 Deceml%r 2022 11269 V•lu*￿0￿ olflxed *tsets The le&qelK*ld land and buildin8scon3iyt of#residEnti￿ apartment ￿ 88 Hayward Ganlen4 Putneyl which was acquired in 2015 a8 o£¢ommodation for a culate. The Fyopty TS let wh¢n. Is ID 2023, it is not required for Parish Staff. The property hfts t¢en Teviewed for su)￿lM￿l and w dewt¢iation chwge is beln8 madc on the 8round5 that". The PCC a Policy and prartice of regular mainkn¢e and reFoir of the profft, and it is unlikely th suffu any ￿OnOMIC or kchnical obsolexcet*e. The estimaled rwnwning useful life of the t￿lIding will ex¢e¢d 50 years. Any deprccxaiis)o ¢tAT8e would 1% iran￿tI¥l￿ woum not reasonably infiu¢nce the use ofthe ￿)ll￿ts. 26- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY WITH ALL S￿S, PUTNEY YEAR EIYDED 31 DECEMBER 21123 Totsl or VAluatiD At l Janu8ry 2023 Addition5 Fair value movements 5iX).768 1.174 977 S￿.000 1.400.768 .174 977 At 31 Det￿ber 2023 502,919 gw,000 1.402.919 Cwrryiug Ai 31 December 2023 501919 .0Tr) 1,402.919 K),O(M) l.tSOO.768 At 31 tk¢¢mlw 2022 5(M).768 All investhients showD *bove are knld at V￿￿811 lllYutm¢nt pn)pertk4 The Parish owns a r¢sidential lon81￿se￿Id wor*rty at 143 Kenilworth Lower Richmond Roa4 Putney, which w&$ revalued as ￿ 31 DeMnber 2016 • £￿￿.[￿ by Chris Hawkins at P8rkgatr Eststcs (lkndunond) Limitsd who 1$ NAEA and ARLA qualifi￿L Th PCC 13 satisfirjj that this tnve8tm¢nt suffered DO long-ternj impairn*nt In value. The valuation is b48•a on eAMsIder￿Ie exw¢n¢¢ of %llin8 and letting flats in Kenilw47rth Cou an ¢stste of150 aKMrn)ents which was buili in 1905. The method w&8 refer¢￿}ng recent sales on th¢ ¢state and &djusting ftir dissimilar factors. as tk numitr ofbedroom$ and the condition f the proFtty. The main 8￿ptiOnS wue that vacant rthstssion Wd5 available and that, conf1rn￿d by th¢ Paris14 the llat wa5 in 80(Ml conditithi. It is the opinion of the trnstses that there is no m3*rial chaD8¢ in the value of the w>F¢rfy si￿¢ the 31 DK THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY ￿TH ALL SAINTS, PUThEY NOTES TO THE FINANCIAL STATEMEN13(effth•¢ YEAR ENDED 31 DECEMBER 2023 LI. ANALYSIS OF CHARITABIE FiINDS The Emily Peser Fund is the P*rishS sknc of th¢ w(wds of sale of a proFtty used by Southwark Dioces8n Welcarc. This PTopety had been 4uircd by Welcrt with the approv41 of the PCC, Using the pr￿ced9 of sate of a mious Imie that Lreo gifted by EJnily P¢ter to the Parish SpecifiC￿lY for use as a molher and l* hotne. On thc sale of the replacancnt prom t￿ PCC a8rttd that the of the considerntion should be 8iftcd to Welcore to enable the work that it bwj canyin8 <>n * the h0￿C to Continue in alternative premises. The PCC has wted to we the in¢(xne thls fimd for ¢d￿atron and lrnining pufFQSW. 24 ANALYSIS OF NET A&SETS BETWEEN FUNDS Unrestrlcled Rcstri¢led Totsl Funds 2023 Tan8ibJe fixed assets Investrftents Net Current 359245 1.401919 79.041 1.841205 17.418 376,663 1.402,919 216.247 295.288 233.665 2.074.870 Net *u¢ts A d¢tsiled Iyeakdo￿ of re1tr1d￿ fuThl8 is in Note 23. The puryThu ofthe oMin funds ar¢: ansh Actio l. ￿. FuThJs raiwj by the Parish primarily for ¢xtornal ¢harities. la￿. D¢twtions ￿¢¢ived to supwjrt the work of 8 Zimhbwean ¢harity that p￿VIde5 food support and education wants to orpl4ns in that eounty. ThL&Lbbqy." DOn￿lon$ received for a workin8 proje¢t set and njn by a mallber of ihe cortgregatio￿ originally to make s¢rubs and m&%k& provided free to medical stsff durin8 the Covid pand¢mlc' now atso supportTng hwitajs in Ukrnine. ific Donations: Th¢ Parish ￿1Ved a oumlxr of sm￿ler gift5 In &￿st y¢8rs for purF4xes specified by the donors. Thtse wert iTrJiVid￿Iy recofded and have IKen *pplied in 2023. klgntLL1￿.. Don￿10￿ receiv¢d s￿lfiCallY forth¢ w¢lf8re ofthose in ne•J. This fund supports t1￿ ni8hi sheher that the GI￿ Dorff charity run4 with assIsl￿ from voluntee froD) cong￿E8(10￿$ in St m￿.$ Church each wirrter. made for the r¢developnent and maintywic¢ of Si Marys Church. Saints, C . £39,790 of this furwj is held as an eTMlowment to SUp￿)rt musie In th¢ chU￿h. The Wance is for the ￿tep of the buildin8 and grounds. of All Saints, Chur¢ vi ui t.. Fund5 donaial specificolly for the wrch&5e of 4uipm¢Dt ¢0 enabk services and cvertts to b¢ StyrameAJ frum the ¢hurch. The De5ignat¢d is m*k ￿ of three elements: Welfare Fund.. Donated fund5 to be tsed ai the diJcTetion of thc iT￿bett Monies desi8nated by St Mary's aMI AU Swd5 DCLS for the fith ut*eep of the builitiDg 8rMI 31 THE PAROCHIAL CEtURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ALL SA￿[s, pirtNEY YLIR ENDED 31 DECEMBER 20LI 2X RELATED PARTILS NORA AND OL Und¢r the fern￿ of the D¢ed the Parish of is emitled to r¢ttive 41Y/• of the Tn IDcome anDua]ly. In the yearto 31 DeCeM￿r 2023 the amount ￿1ved by the Parish was £34,171 (2022.. £31.718). The Tr￿￿t Deed requiKs th&t at tsvo tr￿tteS Shou￿ ￿ mernbe￿ of the Parochial Church Cou￿1). ARYS PARISH TRUST The Rectorand the ¢hurchwRrd¢ffj of SL Marfschurth aTe also trusie¢s anddireckn of St Marfs Parish Trust (aclwiknble comrmny The Tft￿ le&s¢5 the Brewer Buildin& allaCh￿ w Si Mary's Chwcl4 from thc Parish undeT a I￿¢ dated 29 March 2007. wing aD annual rent of £IOJ95. The temi of the leas¢ is 99 years from 20.09.2005. By an underlease of ￿ same date two offices in the Brewer Building are let to th¢ Pa￿h for the same Ixs 3 dffty8 It a Ai 31 December 2023 the Tnut owrd the Pwish £22,626 (2022: £24.448). Thi5 totsl compris¢s IMI pay&ble for the long lease of the IaThl OD which the Brewcr Building constructed by th¢ Th￿1 and a proportion of satarie& utilitits and other costs pid for by the Parish. This WaD¢e has been ￿ld $inee the ¢JMI of 2023. ENGLAND 11731 Thls charity fonned by a Scheme of the ClJ8rity Commi&8ion on 8th June 1993. which merged the assets of three previous Ch￿ltie& including the Church Hall Trust (flmned 1897). li was reBisored with the Charity Commission on 22 May 2017. PM10￿s1Y it had Temained unre8iStcrnJ due its income ￿Ing urklerntood 10 ￿ less than £5.IKIO p The objects of the charity are to 'firth¢r the religious and oth¢r charitsble work of the Chur¢h of England in the Eccl&si&%ti¢Jl Parisb of St Mwy Putsw.. The trustees ar¢ the Vi¢ar and Wardens of the Parish. This charity a Tesidential wopcrty at 8 Deodar R(*4 and also the fre¢knld of 120 Puthey Bridge Roa4 on which a 99 year lease w&s 8mted in 1982, fcff a￿e￿I￿n of£50.IXM). ￿ on annual ground rent 01£2(M) frcffn 2015 to 2048. wh¢D it ri5¢5 to £3(N). Th¢ Tn￿leeS of the charity resolved io make a grant to the Porish of the net Tentsl income from properties in 2017. From 15 Aiwtyt 2017 8 Deodor Ro*J has been m&le availabl¢ to the Parish rent.free as acc(Knmthon f￿ 4 ¢urate. Port of the whic& was hdd ty the Ro¢hcst¢r & SouthwaTk Dtocesan Church Thst ¢ust(wJian trth, w&s rele&8ed to the Porish in 1999 to wist in the fuodin8 ofmajor improvement5 to All Saints, Chur¢h 4nd the remai￿1*t. with the ￿￿M￿l*￿￿ drnwn dovm by th• IY8rish iti i*rt fundin8 of a new Hall next to St. ￿￿.9 Ch￿￿h. 32- THE PAROCHIAL CItURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST KARY WITH ALL SAWTS, PUTNEY NOTES TO THE FII¥AI¥CIAL STATEMEKtS¢a YEAR EIYDED 31 DECEMBER 2023 25. RELATED PARTIES (coAt'd) NDESOL 25437 The Team Redor and the churchwxrdew of Si ￿8￿5 Church 8Te th¢ trustees of this cl]Brity {rtgister No. 254376). This is a'relief of n*J' charity, which ￿siSts those in my typc of nee41 but its fi￿d5 a￿ not available for (bu￿b pvryw. It co￿lsts of seven old charity fimds - Rookery Close. T Kenneffj J Powell. Benj8min Big8& William WymoThknl4 Elizabeth Offley and the Fulham Bridge Charity. YPAR SH DEVE TRUST This charity fonn¢d in 1980 to r￿0￿, d¢v¢lop. improv< mainlain and repair the Church of St Marys Puthey. The objects were extend¢d in 1994 ID iTKludc the Church of All Saints, Puthcy. The Vicar and Churchwarthns of ts Parish are ex OtTI¢io tr•. other tnL8t¢gs are nominAt¢d gndappointed by a rrAioTityofth¢¢xi8tingtrwiees. Th¢¢lwity has been&￿￿*￿t f￿several yew3.