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## 

||**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<br>Church Council<br>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)||



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



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## 

|||**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**|
||||||**,**||





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## 

## 

|**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<br>Maintenance & cleaning<br>St Peters Centre running costs|**4,441**<br>**29,328**<br>**19,596**|**−**<br>**−i**<br>**1,060**<br>**744**|**4,441**<br>**30,388**<br>**20,340**|**4,435**<br>**.15,414**<br>**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**|





## 

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## 

||**'**|**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 SW**I**1 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 !<br>**January ,**<br>**2020**|**Income**|**Expenditure**|**Transfers**|**Gains/**<br>**(losses)**|**A t 31**<br>**December.**<br>**2020**|
|---|---|---|---|---|---|---|
|:Phase I Building Fund|**811,617**||**(7,014)**|||**806,603**|
|Fle||**903**|**(,207)**|||**5,444**|
|St Peter's Centre Maintenance<br>Exercise Class|**_**• **10,046**<br>**57**|||||ip,o4o<br>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**<br>**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)**|





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|**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,|||
||_ _||||
|||||−−<br>−−−−<br>**−**|
|**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<br>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<br>and<br>include<br>employer's<br>liability, public<br>liability,<br>buildings|
||which crystallises||||insurance, contents insurance and property owner's liability|



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||**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**|



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||||**Unrestricted Funds**|**Unrestricted Funds**|**Restricted**|||
|---|---|---|---|---|---|---|---|
||||**General**|**Designated**|**Funds**|**Total**|**Total**|
||||**2021**|**2021**|**2021**|**2021**|**2020**|
|||**Note**||||||
||**FIXED ASSETS**|||||||
|•|**Tangible**||||||**−**<br>**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**|





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|**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|−<br>'|||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<br>•|||||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**||



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## 

|**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**|





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|**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**|





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## 

|**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**|





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