2021-12-31-accounts

	Charity Name	The Parish of Battersea, St Peter and St Paul.
	Principal Address	23 Plough Road, London SVV11 2DE.
	Charity Registration	1140137. The PCC was registered with the Charity CornMission on 1 February
		2011.
	Governing DociiMent	Parochial Church Council Powers. Measure (1956) as .amended	and Church
_	. _	Representation Rules
		.
	Objectives	St Peter &St Paul's PCC has the responsibility of cooperating with the	IncUmbent of
		St Peter's, the Revd Patrick Malone, in promoting in the ecclesiastical parish the whole
		mission of the church, pastoral, evangelistic, .social and ecumenical.	It also has
		Maintenance responsibilities for the St Peter's Centre on VVinstanley Road.
	Members of the PCC	PCC members who served during 2021 or were serving at the date this report was
		approved were:
	Clergy	• The Revd Patrick iMalone (Vicar)
	Wardens	Ms Clare Lyons (until April 2021)
		Ms Didi Wilson (until April 2021)
		Dr Ken Checinski (from April 2021)
		• Ms Funrni, Kola,Okeowo (from Aprij 2021)

	2021	2020
Total reserves	3,246,854	2,971,974
Less: restricted funds	(816,857)	(824,917)
Less: tangible fixed assets Less: fixed asset investments	(1,174) (2,025,000)	(1,732) (2,025,000)
Free reserves	403,823	120,325
Free reserves requirement:
6 month's budgeted routine expenditure	150,000	150,000

		Unrestricted	.Restricted	.Restricted		Unrestricted	Restricted
		Funds		Fuinds	Total	Funds	Funds	Total
	Note	2021		2021	2021	2020	'2020	2020
							L
Income from:
Donations and legacies		5.4,930		7,300	67,230	79,898	900	80,798
Charitable Activities		3.42			342	335		335
'Other trading actiViiies		27,686			−77,686−	767550		6,550
I pvestpents		155,003			155,003	145,324	3	145,3_27
Other		292,040			297,040	115,000		115,000
		_
Total Income		530;001		7,300	537,301	347,107	903	348,010
Expenditure on:
Raising hinds	3	23,475		7;014	30489	21,664	7,PI4	28,678
Charitable activities	4	113,586		8,346	231,932	230,097	2,207	232,304
Total expenditure		247,061	15,360		262,421	251,761	9,221	260,982
Net gairitAlostes) on investrfientt
N e t income/(expenditure)		282,940	(8,060)		274,880	95,346	(8,318)	87,028
Transfers betv4een funds
Other recognised gains and losses.
Net movement in funds		282,940	(8,060)		274,880	95,346	(8,318)	87,028
Total funds brought forward		2,147,057	824,9 I 7		2,971,974	2,051,711	833,235	2,884,946
			−−	−
Total funds carried forward		2,429,997	8116,857		3246,854 '	2,147,057	824,917	2,971,974

		Unrestricted	Restricted
		Funds	Funds	Total		Total
	Note	2021	2021	2021		2020
		•
−Net−cash−flows from operating activities	I I	138,908	(1,046)	137,862		(47,618)
Cash flows from investing activities:
Dividends, interest and rents from investments		155,003		155,003		145,327
Purchase of property, plant and equipment		(349)		(349)		(369)
Net cash used in investing activities		154,654		154,654		144,958
Change in cash and cash equivalents:in the
reporting period		293,562	(1,046)	292,516		97,340
Cash and Cash equivalents brought forward		146,685	18,314	164,999		67,659
Cash and cash equivalents carried forward		440,247	17,268	457,515		164,999
					,

4. Expenditure on Charitable Activities
	Unrestricted	Restricted
	Funds	Funds	Total	Total
	2021	2021	2021	2020
	E
ProVision of clergy
Fairer Shares (Contribution to Southwark Dicicese)	34,600		34,600	34,5.90
Clergy expenses and salaries	211,,403		21,403	21,129
	56,003 −		56003−	−55,.7J:9
Church 'Life & Outreach
Staff costs	46,407	1,867	48,274	55,485
Advertising & communication	2,202		2,702	2,726
Children & youth work (incl staff costs)	4,639	1,128	5,767	2,522
Training & resources	701	−	701	1,148
Church dedication	2,423	−	2,423
Other niinistries	2,797	2,000	4,792	2,469
Worship & upkeep of services	2,446	−	7,448	4,311
Gifts & Grants (see note 4b below)	8,400	1,547	9,947	11,807
	70,010	6542	76,552	80,468
'Provision of BOilding and FacilitieS
IHeat, light & water	4,493		4,493	16,907
Insurance Maintenance & cleaning St Peters Centre running costs	4,441 29,328 19,596	− −i 1,060 744	4,441 30,388 20,340	4,435 .15,414 11,819
Depreciation	907	−	907	820
	58,765	1,804	60,569	49,395
Operations $, Ministry Support
Staff costs	28,833		28,833	38,926
Printing, stationery & Office supplies	864		864	1,441
Telephone & Broadband	2,155		2,155	1,535
IT costs	14		14	2,683
Accountancy & payroll	210.		210	650
Other	1,600		1,600	187
	33,676	0	33,676	45,422
Governance
Audit/Independent Examination	5,100		5,100 '	1,300
Trustee meeting expenses	32		32 ;
	5,132		5,132	1,300
	223,586	8,346	231,932	232,304

	'	Fixtures,
		fittings &
		equipment
COst,
At il Jahtiaryi202 I		13,870
•Additions		349
.Disposals
At 31 December 2021		14,219
Depreciation
At I'January202 I		12,138
Charge for Year		907
Disposals
At 31 December 2021		13,045
Net ;Book Value
At 3 I December 2021		1,174 ,
At 31 December 2020.		1,732

7. Fixed Asset Investments
		Residential
		'Leasehold	St Peter's
		Properties	Centre	Total
At I January 2021		2025,000,	_806,60.	1,831,603
Additions	_
−Amortisation of ilease−−			carc	(7,014)
−ReTaliiation
		2,025,000	199589	2,824,589

			Valuation
2	bedroom	flat, Parkside, 44 Fowler Close, Battersea SWI1 2ES	.650,000
2	bedroom	flat, Parldide, 44 Fowler Close, Battersea SW I 1 2ES	650,000
3	bedroom	flat:Parkside, 21 Plough Road, Battersea SW II 2DE	725,000
			2,025,000

I Ob Prior year	A t 1 ! January , 2020	Income	Expenditure	Transfers	Gains/ (losses)	A t 31 December. 2020
:Phase I Building Fund	811,617		(7,014)			806,603
Fle		903	(,207)			5,444
St Peter's Centre Maintenance Exercise Class	_• 10,046 57					ip,o4o 57
Community Art Project	2,773 ,					2,773
	833,235	903	(9,221)	0	0	824,9 I 7

		Unrestricted	Restricted
		Funds	Funds	Total	Total
		2021	2021	2021	2020
			_
Net income for the reporting period (as per the statement of financial activities)		282,940	(8,060)	274,880	87,028
Adjustments for:
Depreciation charges		907		907	820
Amortisation charges		−	7,014	7,014	7,014
Investment income		(155,003)		(155,003)	(145,327)
(Increase)/decrease in debtors		3,578		3,578	3,476
Increase/(decrease) in creditors	'	6,486		6,486	(629)
Net cash provided by operating activities		138,908	(1,046)	137,862	(47,618)

Name.		The Parochial Church Council of the Ecclesiastical Parish of Waterloo	The Parochial Church Council of the Ecclesiastical Parish of Waterloo	The Parochial Church Council of the Ecclesiastical Parish of Waterloo
Address		St John's Waterloo, Waterloo Road, London SE I 8TY. The correspondence address is: The
		Vicarage, 1 Secker Street, London SE I 8UF
Charity Registration no		1132457. The church was registered with the Charity Commission on 4,November 2009
The Governing Document		Parochial Church Council Powers Measure (1956) as amended and Church Representation
		Rules,
	_ _
				−− −−−− −
**Members **	of the PCC	Those who served	from I January 2021 to the date this report was approved are:
		Clergy	The Revd Canon Giles Goddard	Incumbent, Chair
			The Revd Dr Godfrey Kaziro
			The Revd Lisa Bewick	Hon Assistant Curate until 30
				September 2021
			Ester Kawoya	Reader
		Churchwardens	Belinda Taylor	Until 16 May 2021
			C Faye Clinch	From 16 May 2021.
			Elaine Thomas
		Deanery Synod	Elizabeth Clarson
			Deborah Watkins
		Elected Members	Rebecca Boardman
			Jacek Borek	From 16 May 2021
			Declan Dunford−Crozier
			C Faye Clinch	Until 16 May 2021
			Sean Galpin
			Ken Hamilton
			Connie Kaweesa	From 16 May 2021
			Alice Kawoya	From 16 May 2021
		,	Terry McLeman
			Philippa Owen
			Peter Omoghene−Osario	From 16 May 2021
			Robert Smeath	Treasurer, from 16 May 2021
			Pat Thomas	Secretary.

					required to have a DBS, which is renewable every three years; we
					ensurethat insurance policiesare up−to−date andcover usfor identified
					risks; we maintain up−to−date incident logs
Finances	Income and expenditure:				To mitigate these potential risks the PCC has approved an unrestricted
	there	is a	risk	that	funds budget which shows a surplus of income over expenditure.
	expenditure			could	Monthly management accounts are prepared comparing income and
	exceed income				expenditure with budget; PCC officials ensure proper authorisation of
					expenditure in line with the target operational cash reserves of three
					months' budgeted expenditure; major expenditure on our St John's_
					_Development—Project—is—contingent—dn—relafed—gra−nt and donation
					income first being secured
	Potential liabilities:			there	To mitigate this potential risk, we ensure that insurance policies are up−
	is an	uninsured liability			to−date and include employer's liability, public liability, buildings
	which crystallises				insurance, contents insurance and property owner's liability

	2021	2020
Total reserves	2,177,601	1,666,602
Less: designated funds	(1,475,791)	(1,381,949)
Less: restricted funds	(637,325)	(120,061)
Less: endowment funds		(87,565)
Free reserves	64,48	77,027
Free reserves requirement:
3 month's budgeted routine expenditure	62,417	62,487

			Unrestricted Funds	Unrestricted Funds	Restricted
			General	Designated	Funds	Total	Total
			2021	2021	2021	2021	2020
		Note
	FIXED ASSETS
•	Tangible						− 924
	Investments			1,100,000		_ **_1,100,000 **	−−−1;187−,565
			0	1,100,000	0	1,100,000	1,188,489
	CURRENT ASSETS
	Debtors	6	5,064		247,411	252,475	182,264
	Short term deposits	7	88,382	348,755	188,336	625,473	335,133
	Cash at bank and in hand		37,121	9,036	381,533	427,690	51,625
			130,567	357,791	817,280	1,305438	569,022
	CURRENT LIABILITIES
	Creditors −amounts falling
	due within one year	8	38,082		189,955	228,037	90,909
	NET CURRENT ASSETS		92,485	357,791	627,325	1,077,601	478,113
	NET ASSETS		92,485	1,457,791	627,325.	2,177,601	1,666,602
	Financed by:
	Unrestricted Funds:	9
	General Fund		92,485			92,485	73,527
	Designated Funds			1,457,791		1,457,791	,I,381,949
	Restricted Funds	10			627,325	627,325	123,561
	Endowment Funds	11					87,565
	T O T A L FUNDS		−9−.2;485−−−1;457,791		627,325i		−1,666,602

2. Income
	Unrestricted		Funds	Restricted	Endowment	Total
	General	Designated		Funds	Funds
	2021		2021	2021	2021	2021	2020
	t		i	t	t
Donations and legacies
Planned giving	84,065					84,065	78,613
Open plate collections	340					340	826
One−off Gift Aid gifts	3,708					3,708	22,817
Donations and appeals	385			193,120_		_1.94,505−	−85T1−15
Tax recoverable on Gift Aid	157129			26,681'		41,810	37,228
Legacies							165,856
Grants (see note below)	7,737			1,195,591		1,203,328	274,430	,
	111,364		0	1,415,392	0	1,527,756	664,885
Charitable Activities
Parish events and activities (see note below)				34,606		34,606	8,000
Parochial fees (weddings and funerals) (net)	659					659	323
	659		0	34,606	0	35,265	8,323
Other trading activities
Licence fee income (TBAVV)	39,379					39,379	33,807
Church building lettings	8,688					8,688	22,372
Fundraising events	− '			65,095		65,095	7,626
Salaries recharge (TBAW	13,304					13,304
	61,371			65,095		126,466	63,805
Investments
Rent from buildings	50,789					50,789	50,275
Bank interest	45			195		240	535
Dividends •					2,925	2,925	2,413
	50,834		0	195	2,925	53,954	53,223
	224,228		0	1,515,288	2,925	1,743,441	790,236

Tangible Fixed Assets
	Fixtures,
	−fittings &−
	equipment
Cost
A t 1 January 2021	16,941
Additions
Disposals
A t 1 January and 31 December 2021	16,941
Depreciation
A t 1 January 2021	16,017
Charge for Year	924
Disposals
A t 31 December 2021	16,941
N e t Book Value
A t 31 December 2021	0.
A t 31 December 2020	924

5. Fixed Asset Investments
		Freehold
		land &
		buildings	Investments	2021	2020
Market value at 1 January		• 1,100,000	87,565	1,187,565	1,179,528
Additions at cost (incl dividends reinvested)			2,925	2,925	2,413
Disposals			(90,490)	(90,490)
Revaluation gain/(loss)					5,624
Market value a t 31 December		1,100,000		1,100,000	1,187,565
Investments are represented by:
21 Windmill House, Windmill Walk, London SE1		300,000		300,000	300,000
Theatre View, Short Street		800,000		800,000	800,000
CBF investment fund shares					87,565
Market value a t 31 December	•	1,100,000		1,100,000	1,187,565

9. Unrestricted Funds
9a Current year			A t 1					A t 31
			January			Gains/		December
			2021	Income	Expenditure	**(losses) **	Transfers	2021
		As restated
Unrestricted: General Fund			77,027	224,228	(200,970)	−	(7,800)	92,485
Designated Funds:
Tangible Fixed Assets Fund			924		(924)
Investments −Freehold Land &
Buildings Fund			1,100,000					1,100,000
Quinquennial Maintenance Fund			13,751		(10,724)			3,027
Mission & Charities	•		4,809		(4,800)		4,800	4,809
**St Johns Development **	Fund		261,265		(6,000)		93,490	348,755
Robes project			1,200					1,200
			1,381,949		(22,448)	0	98,290	1,457,791
			1,458,976	224,228	(223,418)	0	90,490	1,550,276

9b Prior year	A t 1					A t 31
	January			Gains/		December
	2020	Income	Expenditure	**(losses) **	Transfers	2020
	As restated
Unrestricted: General Fund	124,825	412,984	(250,4.67)			77;027−
Designated Funds:
Tangible Fixed Assets Fund	2,398		(1,474)			924
Investments −Freehold Land &
Buildings Fund	1, I 00,000					1,100,000
Quinquennial Maintenance Fund	13,751					13,751
Mission & Charities	6,009		(7,200)	−	6,000	4,809
St Johns Development Fund	64,950			−	196,315	261,265
Robes project	1,200					1,200
	1,188,308		(8,674)	0	202,315	1,381,949
	1,313,133	412,984	(267,141)	0	0	1,458,976

10b Prior year		A t 1					A t 31
		January	Incoming	Resources	Gains/		December
		2021	Resources	Expended	**(losses) **	Transfers	2021
The St Johns Development Fund:
Main Fund	−−−−	5,340	357,509	(292,930)			69,919
Lady Chapel Fund	'	30,000					„MPG°,
Accessibility Fund		7,376					7,376
Waterloo Festival		3,668	8,000	(8,513)			3,155
Flower Fund		573	829	(235)			1167
Christmas Lunch		432					432
Robes Project		570	7,075	(11)			7,634
Lent Appeal		0	220	(220)			0
Foodbank		150	206	(216)			140
Belfrey fund		238					238
Harvest/Manna Society		0	1,000	(1,000)			0
		48,347	374,839	(303,125)	0	0	120,061