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REGWERED CHARrrY NUMBER.. 1143469 REPORT OF THE TiwsfEES AMD F114ANCIAL STATEMEPIts FOR THE YEAR EIIDED 31 DECEMBER 2024 THE PARCKHIAL CHURCH COUNCILOF THE ECCLESIAsfIcAL PARISH OF sr MARVS BATTERSEA Hart* Fer LLP Charterej l£ccAJntants 4th Flxjr Tuibon House 27-37 St CeNge's Ro•J Wirnblthn L([k)n SW19 4EU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEsIAsfIcAL PARISH OF ST MARYS BAThERSEA CONTENTS OFTHE FINANCIAL sfATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024 R•port ofth• Tn• 1 10 7 •p•nd•rt Examln•rfi R•port Stat•m•nt ol Fkn•ncW Acttvltl¢ BJlDnc• Sh••t io Nrt¢• toth• Hn•Klal St•tqffl 11 to 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAStICAL PAIUSH OF ST MARY'S BAThERSEA REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEM8Hi 2024 ParochL31 Church Cojncil of trt Ec¢k4a5ttcal Parfsh of St Marvs 8attersea {the fharty, or the 'KC, as the cortext n require} presents ts trustees, ptsrt and the fiTraal Statements {ether, the Annual ReForf) of the Clwrfty fcf the year to 31 Decerntrr 2024 (the'Reportlng Perw>d'l. The PCC (all of wh)m we de fth tru5teesl cofflmi that the Annual ReFQrt of the charlty Compl current statutory requirements, the ulrrlS of the goveming dLxument and prov15k)rts of the Ststemert of RoMrrrK1ed prarti ISORPI aPp1Kab to e5 prepariro thelr &a)unts In Yan wtth the Flnanaal RepJrtlng Stsndard applable in the UK and Republlc of IreL)TrJ IFR51021 leffectNe l January 2019). The PCC crrfims tlkit the Charbty has In the ReporUTrJ Pwlc4J 0ted In ac£ordano hwth ts charftsb obkcts and Is a golng concern. sIn the qIleS as small unthr the Clkirfties ALt 2011, the Strdw Rep)rt reQred of large chadfjes ha5 en omlited. A CornThntary {see achthrnerts and performarKe' has teen provkl&J by the PCC. oBJECrns ANO ACTivifiES Polld•s and ObJertl¥es policie5 and obJectNes of the Char5ty are pffjrrnn9 In the eCCleCal par15h the whJle mlsskjn of the Church of England, pastoral, evoTrJelisK s41 aThl ecurnenkal. In s&UrrfJ cblectSves arKI pnn1j for acUvlde5, the FCC has glven due consèthtlon to 9ra1 publId by Charbty Comrn&s)n reWrYJ to publt berfIt, Including the guldance 'Publlc beneflt.. runnln9 a tharlty Ire21'. Str•t¢qle•for Achievlw ObleL¥ve• The PCC of The EcdesK45fjcAI Pash of St Marys Battersea (the 'Parfsh'l has the reSPonbillty fcf Charftys co-yratiro ¥ the WKar In promoung In the Parfsh the whde Mis(} of the Church of ENJland¢ pastoral, evarwjelistlc, s?1 and ecumenkal. PCC oFerates throLNJh a number of Worklr¥J Group5 which meet h addltbn to the meettrrfjs of the F£C. In 2024 these were fab & Property and How"tallty & Care. TIE Working Groups report to the PCC. PCCS StaThJlThJ Commthe, whlch Is requlred by law, has the to transact the ol the PCC ten its methngs, subject to any dlrecuons given ty the PCC. It comprises.. the Vkar, the CrdwardenS and Treasurer, an¢ fft other elettsd Members of the PCC, currenty Gordon Stewort Jenny ott.Tlwson. Members cl the PCC Ne derted by AMLW Parothbl Church Meetyng (the 'AF¥JM'I In accordan wth tke Churth ReeSentaOn RLles. The PCC15 committed to enablkng a5 rnany people as to at our church aTrJ to In othr ways. It hopes those do teconk part of our chwch community, TIE PCC malntslns an overview of worshlp and rnakes suggestlons on how bYshIP can Invdve as nwny gnjups as p)S9bk that live hthin our parish, Our setvices and wtyship put lalth into pra through prayer and ptu, music and sacrament. Slgnlfic•nt a¢tlvltl When planniro our during year, the Incurntent arKI the PCC have con5Idered the Charty CC¥nmlscfi's guthce c publr Inerrt and the SFeofk SUKkn on chat5 for the advanrnent of relkJK)n. The PCC has a 'Mi55ion Acty)n Plan, Is alrned at enabllng a5 many ordlnary p8)P to lfve out thelr falth as part OF ¢w parlsh cornmunity, thr(x4h.' - Worshlp and prayer,. ieamlng atKAJt Christlan faith. tknelcOTrJ knryedge of al falth In Jesws Chrtst - Pmw"shJn of pastorl care ftf peop wh1n parish, Wer they ) Christians or noL ur wlther church or rt. has prowded the ccngregatknn and the thurch wSth many cyportuniU¢s to support their wlghbcxjrs and local jert5. - MISSary and eVaryellsC work. - Pyomotlng the common 9xd' - StewardSng of the Lcn)n PK)rough of Wandsworth5 onty Grade l Listed Church - and a buihYiThJ of histsrfc shJnificarKe - In this gewadon, for current and future use,. St Marfs Churchyard continues as a fral polnt for 'r¢j fresh ar and exerose. The PCC works hard io Improve the (hurthyard In ways that make it even more wdcomirYJ.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARYS BATfERSEA REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 0ECrEs AND AcfivThtES - (hrfnership and maintenarKe respOnL11tS lor kn propwfjes at Hat 2. Ptitchart1 GranfEkJ SW Lonth SWII 3JQ and Fkar 16 Wlnfleld Hcyjse, Vkarage Crescrt Lorkkn SWII 3LN. The KC these objects ag beirvj chartsble artIe5 for publlc tenellt and corfirm that ty have referred to the gulda contained in the Chadty COMMISOn'S general guidartt on publK benefit when revvthrvJ the chBritys alms and oblecdves and in planning future activrts. ACHIEVEMEpif ANO PERF(XIMAN Charitable athiti95 MlsBlon Actlon Plan Implementatlon PCC has a MISS Flan {MAPI bas8J cn tf£ Flve Matks ol M&sbn ofthe kngltan Comnwnbn.. l. To prOdM the GODJ News of the KlrvJdorn rfell) 2. To teach, baplise and nurture new bdlevers (Teathl 3. To SpOnd to human need by ILwiro sece (TeTral 4. To transforrn unjust Str{ureS of slxlety, to chalknge vloknce of every klnd and pursue pea and r&onalhitlon cfranrforml 5. To 5trlve to safeguard Il integrlty of¢reatKn, SU5taln and neW life of the eJth (Treasu) MAP {avallable at Ww.stmarysttte.QrQ,uvml54ITract-pIan-2ol2o2sI1 lays out In (letsll the PCC Wan5 to respoTrJ to these areas mlssbn. feguaydlng Members 01 the PCC remaln up to date In thelr safeguardlng trainlng aTrJ the PCC1s well served ty Mrs Debble Apjstolldes, Safeguardlng Officer. Several safeguardlro concems were &Jdressed durfr the year, and t PCC grateful lor the advke pm It ha5 refve from the Dl(Kes3n Safeguardlng Tearn. Fabrtc Matters In 2024 ow Vlcar, and then tyjr Prst-In-Ch3rge, Churchwardens, contlnued to eAerclse IheSr respMslbiliUe5 as custodlans of the Church's and a number of aaS of work were undertaken dthrYJ the year. The of the Churth remains generally good las rewted In the last Quinquennlal Ipeth0n undertaken ty Irs Inspectiro Architett in Awll 20221 thjugh the Pff las PreJ repd as further rrertloned bebwl has corre to the corluOn that o redecoratKJn of thé )rtkn Is timety. AJI regular rThaintenarKe aTrJ 5ry¥311 repalrs ofthe Churth have teen CoTrJted In order. k-in 8ooLlr5.' A number of repairs both Intemally (church safes, 5urrowdlng wcN)Jwork, vesty doowy as well as repkicement vestry carpet), externally (front dcrt)r5, k£ks changed wlndow grflg placed) were neressary os a 51t cl the brtak.ln In Novernber 2023. IWI repalrs were flnlshed ty the end of 2024. There Is longer temi consideratbn to be had of further security measure5. Pgrtlco.. Prfor to 2024 PCC deternined that the Clurch portlco required redecoration and durirrfj 2023 an In5pectbn was carried out by the Church's Investlgatlng Archect, samples of the exisilng paint taken and tested, exFert deu)r#b'cfi aavlce taken, and PlIMInary estSmates receNed. Subsequenlty, it was decided by the PQ on advi, that In redecoratlng the portico, high quality (but nv)re expenslve) plasier palnt should be used to remedy past defetts and to allow the paintwork to 'breathe" thus redw the likelllK2d of flakityj and deterforalion and thus Eussibly securing in fvtU bnger periods betweeft demrauons. During 2024 Faculty and other prelimlftary consents for the above potffjco work was applled for prelSrninary consent hos been re0L$ted fw the DIsan AdvSsory Comrnth. It Is hoped that this wlll be otrthined by earty-2025 foll¢ng which il will te posllle to make formal applicati. There Y4111 a number of aa5 that require further refinirq at that s Ilndudirrfj colour stherne, the thinkiry4 being weVer that probabw curRnt krne 11 be ¥etsin8I1. hu easn 0.. View5 from 4he FCC and the corKJregation had raLd CoremS ttKt Ihe churth bollers were geth'w iowards the end of their usefvl lives and that a replement heaung souro mkJht needed. Prdiminary investigakn've work was carrTed out by the Churchs Investigabng Archf(ett . A Fyellminary port Wa5 Tecelved by the Church tLI the effect that at the currert me no replacement of the LK•tters ts necessary, tr ty way of rW aNI'greer*rf' 1[5 or by way of a repknment heang sour.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARYS BATfERSEA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 LiLLlnL. Tr okl ekttrlol Iwhting of the Churth ha5 stsrted to fal. The PCC deierminej to repL ar improve the external lighting of the thurch both Sn tems of changiro to LED IlghUtvJ and imprtiviNJ the Vi%Lb31 aspt. Followlng rn d1Xuon and a lightiry derronstratk)n tr) the aTrJ otlErs, eps were taken to agree plans a$ SFecificotions a view to rvaklng appllcats.on for Facuty any necessary planning consents In 2025. way.. Lhng was Insta51ed to Ilght the rfver path, on grouThls of safety. A nun#%r of pLinters wtre Instdkd on the rfversKle path to dcter cycling at eX$Se speed through the thurchyard. &Les m.o.dI &ea:. In 2023 the PCC deterrnlned as a mth ol wnaple that the ashes Intent In the thwchyard 5Uld be refulShe(I and iraubw. Inbtial plans were drawn up ty the famly of Profesw Critchlw, ashes were interreil In the sttr, prelimSnary dihS were had with the Churchs Inspecting AheLt and prepardt(ry work was commenced to asrtaIn the view5 of the Dhxesan AdvIry CLxnmittee on thls rnatter. Durlno 2024 the PCC dedded that In the absenTr ttf certain funding for tk pro, and In the Iht of Ctstsln oplon5 exwes8eJ cwtrary to the natu cl prcp05ed thvek)pmenL the project should be ad on hdd, T remalned unthanged In 2024. The PCC remalns grateful to Mrs Lucas, Mr Dd Britten Mrs Roz Mosswras as well as the other vdunieers for their Stertlng work In carfng for and Icy)klng after the Churthyard. Property PCC ointiTyJes to ty woperues, 2 r(dWId &arNllle StreeL SWII aTrd 16 Wlnfeld H)use, c1rage crent, Swll. properties were * out at market rate and managed ty tke Parfsh Offi. PCC was sad to stt our pathrshlp wlth the Y thartr RegerErate corrt to an end In the yw but a rew partnerrthp hos been established for 2024. Ilnance & Stwjrdthlp The ffc reports on the fiThial aspects of ts wcwk e&Seth In thls rewt. Tr PCC wa5 pSed to te able to malntaln Its pledge to the Dlttesèn Parlsh gJppJrt Fund of ÉIIO,¢JJJ. Thls fu5 the ministry of our vicar arn1 cothlbute5 - as a rther, kr churth- to provkllng dergy In P)rer, smaller parfshes. The PCC condnues to IoDk at ways in whlch il can ertrage gyeater glving from Its rnemter& In 2024 bt lolned the Ea5yfundralslng thrne, whlch ralses rncfiey for the Church throuth ¢J4lne shopplng. In 2025 rt hès SIgr up to the Partsh Gwlng ScherTE, which wlll redLe the administration Invofved and also geS dorKJrs t1 OpOn to Ilnk thelr 9ifts ro daon, thereby helplro St Mary's avold 9MrrfJ. Church Ufe More generdlly the PCC has been pleased lo see a cOnnu1 retovery of nurlthrs atte[rj church across the year. There s no doubt that the CrNhJ-19 pandemlc has a rnar dlsruptive effect on the Ilfe of mJny Church and St Mary's 14 r¥)t Immune. Nurnber5 attendlng wcKship have mained ICer than to the l(KkdoM5 and the thl of cornrnltment lo partsh actlvlUe5 has teen %rnllarfy dlminthed. Nevertheless, the PCC rernaiffj hopeful and p)sitive and has In encourdged ty the regu13r arrtval of w churth rrembers frn across the age rarwje, natsonallues, and reprenYro the full diverslty ol the nelghbourhcod, Worship has continu&J to tre offered across a rdrrfje of styles and tradltlons cfi a Sunday across t1 week and numbe tteNllng the 8.30am and 9.30am Family@Churd) se1 Co.nUe to gr¢M while the nurnber5 attendlTrJ the 11am remaln sieaov. The PCC has wntinued to fu the wixk of St Mary's c1r and the wkder mustal life of the church a1 choir nues to att¥t new memter4 aTrd Is parULwlarfy stmThJ at attrff4 youw adults to n. PCC We haFw to see Connu1 Kse In ocoaonal offtts- es[daIlY bapii5m5 arnl weddlngs. In 2024.
THE PAROCHIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF ST MARY'S BAThERSEA REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANcfAL REVIEW PlnJndal posltlDn As shown In the Statement of net assets hekj by PCC IrKreased by £26,197 from £2,010,78412023) to £2,036,981. The KC t1y Iiivewits fyom Standa Lwe to cl In the yeart SFecKlcally the Church of England InveStnt Fund. Thts. was to ensure that investments are hekl in Ilne wlth a falth-conthnt inve5trnent pty, developd by CCLA, to reftt Chrfan and Angllcan teathirys and grouThJed in the advltr pruCed by the Churth of Englar,$ Ethtal Investment Grr¥Jp. The furK1 aims to provide a total retum Igrthth In capltsl and incoTrE} over the lon9 term (defined as flve years) of UK CPI + 5% p annum, belore costs charges. PCC conUnue5 to hdd fuTrJs In a Charftles PreFerty Fund, whth a Cornrnon JrNeslrt regukted ty tlE Charty mmL%sM, Investej In commerd31 real estate In an erhlcdi resp2nslble tsxfftlent way. The Charlty alm5 to rnalrtèln 5uffldert reserves In cath to meet one Mth.5 parfsh 9JPPOrt staff cos, which ojrrenuy equates to £13,ChX). The at bank balaKe at the year-end was £39.686. ¢lolrtg con(rn After moking apprOate enqulrfes, PCC has è rea9)nable exFoctalion that the Charity has adequate SrCeS to conbnue In operntional ex1ster rty the foreseeab futsj. FIX thls reaxjn, the PCC continues to adopt the g04rG CoeM ba5 Sn preparfvJ the finanoal ststents. Further detaifs regardlN4 the adopti)n of the golrq concem ba5 can te found In the accountThJ Jllcle5.
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIAsficAL PARISH OF
sr MARYS BArrERSEA
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTUR¢ GOVERNANCE AND MANAGEMEMT
Constitution
The Par(thkil Church Ccyjnal {PCQ 6 a corrx)rate dY ethblhed try fv IJLwch of England. Tr PCC OForaies vnder the
Parod)kil Church PoNers mea9J 119561 {as amEThJ) and the thurch Repre5enta¥on Rus 2020. The FCC Is a
regLsiered tharity, numtrtr 1143469,
Reryuitm•nt and appointmert of new tru•te
The rnanajement of the charlty 15 the k)nbIlIty ol tIE PCC 105 truthes), wh)se cornposition is ekned and oj coted ur
the terms of Parwhial Churth cou1 Measure11956) (as amerxdl and the Church RepretIon Rute5 2020
Rtsk management
The PCC have examired the rnapr strdtegL buslness aTrJ operattonal rtsks whlch the Charity faces aThJ conflmi that
have Len establL%hed to enatle regular repcts to be prc¥Juc8J 50 that rocessary step5 can ir taken trj kn these rtsks.
risk assesent k5 revkwed an annual basis.
primary areas of rlsk a5SessrrTrt are.,
- GfNernance.'
Fallure of gtr)d governan, Ind¢Alng a hick of clear 90n and strBtegy, wouhl Impede the churchs tapxlty ro luml Sts rn15Jn to
the kxal cL%nmunty as well a5 to churth Me[nrS. Tre Wentlal brnpt M membershlp nurnber5, as a resdt of SLKh a fallure,
couk1 then dlrecity affect voluntary donatIcS and the overall Incon strearn of our church. ObseMThJ Church of ENJlaNI
goverTrJnce and robust colat)ctatlve leadershlp ltsell 11 contrlbute to mWatlrrfJ thls rfsk.
- Flnrte..
The prtmary ol Is fyom voluntsry glvlng frcffi the CrgregatIon. Ths 15 senerated ty regular teathlry on gIrJ,
promollrvJ of HMRC Glft Aky aTrJ olher tax effKnt gmry, and communKabon to keep members aw7re of the nnancial state of
thelr church anL1 any needs arflrg. MeTnbers of the cororegation are effeth¥e stskeholders ¥th) direthy tenefft from ony
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF sr MARYS BAERsEA REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFEREHCE ANO ADMINISTRATIVE DEfAILS R¢glgteY•d Ctharlty numlxr 1143469 Pr1ndl addre ParLth Cff St Marys Church Crypt eattersea Cthurch Road Luiiduri SWII 3NA Trustoej The vrats Stepn Thybr (Prlet In Charyel lapp)Inted 18 Feuary 20241 Ian Stuart McAplne ((wc1Yrden1 alyn Lee {Chuthrdenl Leslle Spatt nny ott.TmPsC Elizaljeth BradSW DanÈl Garrlgan (HLwary TaSur) Swn Cra )rdon Stewart Jcnrw Sackey Ernma Calderfn Pe Ind•p•ndwt Examln•r knthan Askew FC4 Hartley Fththr LLP artered k¢ountsnts 4th Hojr Tulllon House 27.37 St George's R( Wlmbkdon London SW19 4eu BOOKKEEPERS Warrener %ewart Ha0> Hoe 43 Harwo)J Road SW6 4QP BANKERS NaUon61 We5tmlnLr Bank FLC 66168 St Johns Road Ckpham JuTKtion London SWII IPB
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARYS BArrERSEA REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2024 STATEMENTOFTRUEEs, RESPONSIBILITEES The trUee5 are re5ponslble preparfng the Re cl the Trustees and the finanoal statenrts In Cor¢e wth appmcable w and LIn "n9JoM Untyng StsThlards (Untsd Kinkn @neralty Accepted Acuntyj Prtte). The kn appItab to charfues In ErKJland and Wales, the Chant5 Act 2011, Charlty {Accourts aThJ Repjts) Rewlath)r6 2008 and the provisl¢)ns of the trust deed Nu1$ the trustees to prepare financSal statenRnts ftr each finanoal year vthlch gNe a tn nd fair eW of the state rA affairs of the tharity and of the Incoming resou5 aTrJ applkaty.cfi of reg)urces, IrlUdIng tk Inajme and expeThJibJre, of tharty fcf thal perf¢xi. In preparfng th)se flnanc14151atements, the ttustee5 a wuired to ct suilable COUntIng le5 aTrJ then apply them consntty,' coserve meth>Js and princlples In the Charlty SORP,. make judgements aTrJ esb'mates ttwt a 9)nab and epare the flnandal &atsnts the gdThJ coTrTrm bjsts unfess It15 Inapyoyte to pre thot the charty will ConnUe in tInesS. The trustees are for keepSrrfJ WOFer accounung rec5 vthlch dI)se a9)nab CUra¢¥ at any the nandal posllon of the dwrlty and to enablo them to ensure that the nrla1 statements comply with the Charltles kt 2011, Chadty (Accots and Rerts) RegUL4b'0 2008 and the provlsk)ns of the tr deed. Tlw are also SpOnSIble for $3feguaTdlr#J the assets of the charty and Iwce for taklng rea9)nable ps f¢y the prevention Jnd detedcn of fraud and Cther Irregularits. Approved ty order of tsa of trustee5 on 30 Aprfl 2025 gned on ts behal ty: The Ver*rnbk StePn fawor. Tnkn
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARYS BATfERSEA IndependÈnt examlnerfs r•pDrt to tho tntee$ of The Pamchlal Church Cwncil of th¢ Ecdesljstkal Parfgh ol St Mary's 8•ttersea l to the tharity trues on rny eAaminatton rf the acc5 of The ParDthb31 Chjrth c1 of the Ecdeskthl Parith St Mary5 Battew (the Trust) fcrf year ended 31 Crnber 2024. Responslbilities and basis of r•pDrt A5 the charty trustees of the TrL& you are resw>nsibk for the eparaOn cl the ants In Kcordono wf(h the requiremerts of CharitÈs Art 2011 Att'l. I report In resFert of my examinauon of Tru51's Kcounts cailed under Serti?n 145 of the Act and In Carj examlnatr)n I Iwve followed all aFv1knb DliYtb)ns givai by tl aiarlLy 0J11111bI7 urvjvr 14515)Ib} of the Att. Ind¢pendert examin•Ps statement sin ywr charltys gross Incort exceeded 50,oCI) ywr examlner must te a memLr of a IL¢ed bcrfty. I can corfrm that l am qualified to uTrrtake the exanlnation tocause l arn a member of the IlbJte of Clklrtered pljntants In Er#Jland and Wale5, whrch is one of the lIed kklles. I have (eted my exarnlnation. I connrm that no materfal rnaiters have cc¥ne to my attentron In COnnKOn with the ExamInau me cause to telth that In any $rect.. Kcountlng reo)rds were t kept In respect of tt Tru as rè4ulred by Sectlon 130 of Act,. or the account5 do not accord th those recor<ts,' or the accounts do not compty wh the aptable requlrements COreMir the fomi and content ol accourts Set out In the Charltles (Accounts and Reports) Regulations 2008 otr than any requIrnent that the accowts g4ve a aTrJ falr vw Is not a matter conslder&J as part of an indeFendent examirwth. I have no corKems and have con across N) other matters In COmectn the examlThiUon to %thlch thntjon thukj be drawn In thlq repyt In orfer to enabk a proper urder5tandlng of accounts to te reacl*d. Jonatha Hartky F(Mler LLP Cbartwed AccMnts Ith FIDJr Tuluon Ho 27-37 St George's Road Wlmblthn don SW19 4EU l May 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PAIUSH OF sr MARY'S 8AThERSEA SrATEmEF OF FINANCIAL AcrivtflES FOR THE YEAR ENDED 31 DECEMBER 20Z4 2024 Unrestrlcted fuTrJ 2023 fuTrJs 114COME ANO ENDOWMENTS FROM L>Jnati)ns legaties 128x156 121165 chabI• activitiel Income frorn church actfviues 25,692 21,722 Rerts. Iee5 aTrJ rekited Inc£ffle 123,339 90,672 Total 277,087 234,559 EXPENDITURE ON Ch•rltsble actlvlt5e• Central Intemal (offi & Admin) O Central Cther (Ctracts Inl Oulby MIn exret 62,885 51,352 131,594 40,196 13,480 8,856 67,637 72,106 121,551 42,218 18,558 3.541 Prcyty Inve5trnent manaoennt WeddlThJ & FL¥ral Totsl 308,363 325,611 Net galn5 on Invethnts 57,4rJ 61,578 NET INCOMEI(EXPENDrnIRE) 26,197 {29,474) REC014CIUATION OF FIJNDS Totsl funds brought forKord 2,010,784 2,040,258 TOTAL FUNDS CARRIED FORWARD 2,036,981 2,010,784 CONTINUING OPERATIONS The Staternent of nala1 tfve5 all aTrJ lo5 rettgnlged In the year. ThÈ Trjtes forn Fort oftlwe finanoal #ateMlS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF sr MARVS HAERsEA BALANCE SHEEr 31 DECEMBER 2024 2024 2023 Tthl fuThJs fuTh FueD ASSErs Investments in Ma•table curities InveSnts In mathble serurltks Investnt propety 788,4146 1,215,lYXI 765,613 1,205,5 2,fJ)3,446 1,971,113 CURRENT ASSErs Debtors Casl at bank io li 19,198 39,6B6 20,740 41.369 58,884 62,iC8 CREDrroRS knounts falllro ¥th one year 12 {25,3491 {22,438} NEf CURRENT ASSE 33,535 39,671 TOTAL ASSEfs LE55 CURREMT LTABThmES 2,036,981 2,010,784 NEf ASSErs 2,036,981 2,010,784 JNDS Unrestrtd fur 13 2,036,961 2,010,784 TOTAL FUNDS 2,036,981 2,010,784 flnal statennts m aPprd ty th2 Bwd ol Trustees auth)rlsed for on 30 Aprll 2025 arm1 were sh]d on Its behalf ty.. The vrae stePn Taylor- Trustee Danld Garrfo4gn- Tn The rotes frym part cl hSe finandal ststtynEnts
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsrtCAL PARISH OF ST MARYS BAThERSEA NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 AccoupifiMG pouaES Basis of prepariffto the finandal statsmerts These financial ststernents have tjeen prepared In KcorthKe the Charitie5 9)RP {FRS 102) Account1 and Rertirtg by Charitres: Staternent of Recornrded PrdLtice app1kab to tharibes preparfr¥J their accourts In afxordatKe wlth Finandal ReportlThJ Stsndard appliCate In the UK and Rewblic cl Ireland IF5 1021 (effective I lanuary 20191, the Finamal Reporting Standard appllcable In the UK and RepuNic of ItELIrt (FRS 102) and the Charftie5 Act 2011. These fina1 Statsnts have txen prepwed to gfve a Irue and fairf view and have departed from Charlties lknunts and Reports} ReguLitk•ns 2008 only to the extent re9Lred to PrOde a 'true aThJ fairf ew. Thls departure has Invofved following the CfkiHtles SORP (FRS 1021 publLthed In oct0tr 2019 rat than the AccountiNJ and Reporting by Charlbe5'. Ststerrrnt of Recomrnenth Pre effecbve from l April 2(X)5 which has &re bn vlthdrawn. The arIty the defin of a publlc benefit entity w1er FRS 102. A55ets aThJ Ilabllths are Inlyal recognlsed at hlstorical co or tradIon value unless otherwise stated In the Vant acC(mJnrIJ lCy. FINno•l f•PDrtlng rtandTd 102- r•duc•d dlsclowre ex•mptlonJ The charlty has taken advantage of the following disrjosure exempucn in prepBnng these finar1 Statets, as ermitted by FRS 102 The FInC11 Re. Stsndard applICab in the UK aThJ Republt of IrelaTrd': the requker1nts of Sertky) 7 StaienRrt of Cash Fkws, Crltlcal ac¢ountlnq Judgements and k¢y sourc•s ole%tim•tlon unc•rt•inty Management have not made any Inddal critkal accountlng judgements that are mater1 to the company pt for the valuallon of the knvestment prCYe5 deterinlned by a revlew ol MIlar pfoFerties In the wanty. Golng concern The financkil #atements have te ppared on the a55umptbn that the PCC b ab to cmtynue as a OIYJ coKem, whkh the trues conslder approprlate havlng rejard to the current knl of uNestricted reserves, the financiJl pogtlon, future plans and the expected kvel of Incon and exFerK1iture 12 nKffjths from authon9 th finandal ststements. The F£C ccrtders Ihdi there a rK• material UnrtaIS aLKJut tf charity's ablllty to conunue as a gc4ng COnrn. Inc(th• JI income b recojnlsed orK2 the Chanty has entitment to the Income. 6 probab that the Income bYllI te fecefve and the an)JJnt of Income receIvae can be rrEaSu rely. Voluntary Inco Is recekned ty wty ¢Y grants, th)naOn5 aTrJ al Is IncLed In fum In Slatent of Fin)n¢al Ath'vllks when recefvat4e. Donatl)n5 are renI ¥vhen tre tharfty hos Lyen notffied In of both the aftUnt and sddement date. Grants a recoJn15ed where the th)rlty h3s entSdement to the fund5, any perforMae cwd1Cffjs attthd to the grants have been rnet, Is wcèabk ttht Income vill be recfftd and the amirt can be laty aJ1. Legacles are recognised on the earfler of the thte when aMJrtS we rece& or when Char has been notified of the executorfs Intrnti to make a dlstrlbution. IrNesknent Ion divtyjents 1Ved from (harfttes prOrty Funé hddlng In flxed a55et Inn Ra)tsl irKcfne from inststsnent prcFrUe5 15 re¢cpJnlsed recthable. Interest rEreNd is accounted for when re£thab.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SF MARY'S BATfERSEA NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNnNG POUC[. contlnuod EXndIre ExndItUre is rec03n ono there is a legyl or construttwe obllgatbjn lo transfer eCOrKlt tenefit to a third paty, is sy0bab that a transfer of ec¢nornic beneflts wlll be required in settlement and amount of the obligatKJn be rneasured rdkbly. Expenditure 15 daSrd by actiwty. costs of each actfvlty are nijde up of the totsl of dlrect corts and Sha ¢05ts, including 5UPPOrt Costs Involved In undertaklng eth tlty. Dlrett cc&s attrlbYtae to a sIe actNIty are allocated dlrertty to athvty. Shared costs whlch contribLrte to more than one actwity and 9JPPDrt c% are not attrfbulable to a Ingle attlthty are aprthoned tseiwin those acUvlUÈ% on d bo5 curi¥1 wiLlI itr ul reurCes. Centrnl &aff co are allExated on the tsaS of ts"n SkEnt, and depreciotkjn char9e5 allocaied on the po¢ of trE assets (se. Expendlture on chartsble atttS is irKunEd threCt undertaklf¥J the artlvlts luther Chaws obpthves, a5 11 as any associated sJpphJt co. Inw•tnftt property Investrnent prortY is shown at most recent valualon. Any aggregate surplus or defldt arThJ fmm change5 In falr value is rectrjnlsed In staternent of Flftdal knIUes. a Inveslrnents In al propety whlth are let to generaie thurch are shown al the m05t rent v4luatk)n. Any aggregate surplus or defth frw changes In falr value Is reccgnL5ed In the Statement of FIal Yaxatlon Non tradlng chJrftabfe Income lls outsde of the scope of Irorne and fyporation Taxes Acts (lA) hen Is nct liable to corporabon tax. Prlrnary purpose tradlng Income and other tradlng income Iwlthin ortaln lirntsl are not cymally lIae to corpythn tax ere these have been applied In acc1n wlth the charltable objeds. Fund accountiny Unrerlctrd fuTrJs can be uj In XCOrdan wlth the charltab obctfves at the dIsCye0n of trtres. Restslcted funds can onW be for parwcular restrtcted purp)5es h¥lthh the objects of tharty. Restrfctlons arfse WI 5Feofted by the donor or when funts raKs8J for parts'cular restrKted purpos. Futhr exwanatbn of the naiure and purpose of exh fuTrJ Is In the ncies to the flnandal #atemEnts. Debtorn Trnde arKI other debtor5 are reCnLSed at the sdement arnount any trade dlscount ¢)ffered. PrepayThents are valued at the amount prtpabj net of any trade dLrnts d. M4rk¢tsbl• M¢urftlos Llqui(J rnarketsble securitS (traded on a put•lK n13rkel or redeemable frcfn open-ended xheme5, by rht and on notte) a hekl lor investnEnt purpose5 in line wrth HMRC guidellnes for charltie5 and a tax-exempt (provided a¢FId In keepSThJ with the Clk3rity's charfrable obkctsl. The Ffc values them at their most rnt cunent quoted yrked-to-market valuayon at the daily dose of txjslness of the rdevanl market or exchange (Whi liquid, dse on frnalty accepted prudent valuations, WCh shall InCle Independent CL&Stomary expert valuatlon by a levant eswrol Organisatn nrnber such as RICSI, and recor(55 thelr totsl return (Ind11rj realsse<S and unreallsed prte charrfJe5 and Incon thereon paid or aCCrdI as irLcYne galns or losses, as the case may be. Cash at bank and Sn thand Cath at bank a1 in hand inclwJes cash an¢5 sPpJrt term hlghty Ikiukl hweaments wrth a short rnatw'ty of the rnOth5 or from the date of aCqSItIOn or opening of the dEwsit or slmilar account [[lUdIng NyFbank depos pr(ld invesintnts aTrJ cash in broker or oJsiiKIy dccounts). Forèign cwrency The .5 accounts do Th)t contain direct exposures to forergn wrrerKles. Its investmwts In Marketab securltie5 rnay cortain indirect exposure to foreign cYrnc5, which expuU the PCC expects to have hedged Into Sterling by confining ltseif (unless rK)ted Sn these accounts) to Sterfiro-deThyninated as*ts whereln underfrj forev4n currency eXpreS have en pMncSpalty hedged Into Sterfing. -12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARYS BAThERSEA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OECEMBER 2024 AccouiffiNG POUCIES- cont5nued Debto Llabllltl•s and provlgio Uabiif(s are recL¥Jnised when tlwe Is oblkJatlon at the Balan SW date as a result of a past eve * Ys prObae that a trnn5fer of econorric beffr( will te In settlemenL a1 the amourt ol the settleTrnl can te esLlrnated rdiabty. elItieS ale recoanlsed at the Unt that the Charfty anbapates bt will poy to settle the deÈt or the Jmcyjnl rt has recefved as tharKed PaynIS for the 9J5 or seThKes It must provide. PrOvI4J are measured at the best e4timate of the amounts reoulred to Sett the obllgaOM. Where the effect of the tkne value ol M(eY i5 material, t pThision Ls b3sed on rhe prent value of tlKJse amounts, d15counted ai the pre tax dlscount rate thot rthtts the io Ilabllty. unwlThlino of the is recL¥nALl In the Staternert of FIrla1 Athvlties as a flnance Irremrnble VAT T PCC Is not VAT re]15tffeii ind Is unae to clalrn VAT rel. Irrnab VAT Is charged agaln the eKpendlbJre adlrrfj for whith It was incunE Nnjnclal Inatruments Charity onty has fina1 assets flTh3ndal Ilabllf(ks of a klnd that quallfy as bast finarKhl lthwnts. C fina1 InStrUents a initlalty recognised at transactlon value and subseqnt meagjred at their settlement value wlth the exceptth of bank thr6 which are 5ubsequw)Yy rrEasured at am0Sed c051 u&rwJ the Interest Meth. Fund •c¢ountlng General lunds are unrestrttted fuThls whlch are avallable for use at the d5Kret ct the c In ferore of the general ObNe$ of the cty whtth have Tr)t been deagnated for other Desrtated funds comprise unrestrked furyls that have teen set de by the PCC lor patticukr purFrfJse5, PArt are not segregated or re&rkts and thj fom) part of general funds. Restrlcted Funds Iwhth are fuTrJs restrkted and safeguarded under corthct of deed d tnLSt to a slThJle purpJ5e dlsynct from 9eneral funds) it Is thc tharty's ajrrent Olcy not to have, and whkh, In the Rep?r0 Perbj, it dld nct have. Accordlngty, 'total fu5, colurnn5 In Financlal StateEnts comprfse onty geal fuNJs. IIENTS UCENCES AND RELATED IPICOME 2024 2023 Rents reIved (kner fixed asset Inve- Fll De)t account lrterest 95,956 26,640 743 172 123,339 90,672 -13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARY'S BATfERSEA NOTES TO THE FfNANCIAL sfATEMENTS- c•ntlnu•d FOR THE YEAR ENDED 31 DEC8ER 2014 DI Casts (see ie4) Support costs (see Jte 51 Tets15 Central Intemal {ChYe &Almin) ( Central Cther [Ctra& In) Outray Mlni5try E¥penses 60,005 51,352 131,594 40,196 13,480 8,856 62,885 51,352 131,594 40,196 13,480 8,856 Property and Investrrernt managerrent Wethlng & Fweral 305,483 2,880 308,363 2024 2023 Stsff costs Dlcresan Fund Contr1c Mis¥on and Outreach mUC Coy5 ents Weddlrvj & Fura1 C Repalr5 & Renewols Ulllbes and premises eyn mln & Other ExFows BookkeepSrvJ PrintJThJ, Postsoe & Stsknery Irwan 43,359 iiomo 8,386 40,196 13,208 8,856 22,292 19,633 12,425 14,071 5,983 7,074 36,824 iio,000 10,299 35,758 8,5 3,541 37,677 17,848 42,939 7,189 5,919 6,202 305,483 322,776 G0vemae costs thIn wpwt co&s Indtyje.. 2024 2023 trvJent examlrorfs fee (eXd[ThJ VAT) Independent exarnlnefs fee for nOn-[Iependent eyam 1,900 1,890 945 2,880 2,835 -i
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESlAsficAL PARISH OF MARYS 8AThERSEA NOTes TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 DEceMBER 2024 TlWStEES' REMUNERATION AND BENEFrrs Dwlrrtj the Repytirg Peri(xl Charity receved semces cl three deryJy, tnLSte¢s of the Charlty, ¥ylw remuneration and teneffts therefor re at ncfrnal 5ca*s arnl wles for the tirKese of Southwark aTrJ Te tmE directty by the Cl%3rity or Indire(ty vla the ticKese (with the btter beir4J rt ty wJre2d contributtons of the Charfty to DlcLe5an furK1sl. Ne cl trustees of the tharlty lefved any remuneraU( for thelr wvke5 as tnbtets cl the th3rity. Trusteej. expen During Rer>Trj Perioj the Charty r1Ve the Serv1 of three dergyi trustee5 d the Charlty, wlw entitment to expe5 therefor tta5 teen at scale5 within rules applioble. Nor of the tnL¢ees receNed relrnbursement fci exFenses connected wnh thelr r(Aes as trustees of the char. srAFFcosrs Tre averBge ryKJrthly number Lrf employee5 duing the year was as folkyws.. 2024 2023 Parf4) Man)ger Dlrectc¢ of Mu5 enwuiees recefved erw)luments in exce55 01 £60,000. FIXED A55Ef INVESTMENTS IrNestrnents MARKEf VALUE At l January 2024 Addltlon5 DIsp05O Revaluatlu)s 765,613 376,640 (350,4QJI (3,407) At 31 December 2024 788,446 NEf BOOK VAWE At 31 Derner 2024 788,446 At 31 Decernter 2023 765,613 irNethents We held aTrJ rnanaged ty CaA and The be5 Prcpety fund. Irwesbnents were held in a varkty of n13rketatle Secu&8 tx)th In the UK and abroad. -15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF MARYS BATTERSEA NOTES TO THE FINANCIAL STATEMENYS- contlnued FOR ThE YEAR ENDED 31 DECEMBER 2024 FAIR VALUE At l January 2024 RuacYTr 1,205,500 At 31 December 2024 1.215,000 NEf BOOK VALUE At 31 December 2024 1,215,OC At 31 Dtternber 2023 1,205,SC market value of Inveament propertles at 31 March 2024 VA5 £1,215,Otn (2023: EI.205,SOOI. The hlstyrfc co was £760,)0 (2023.. £760,500). The Investst woFerVE5 were valLd by the true5 basett on Millar pryrtle5 In the vtlnty. Falrvalue at 31 Crnber 2024 Is presented by.. Valuatkjn In 2023 valon 2024 445,OCrf) 9,5(JJ 760,500 1,215,QCQ io. DIBTORS: AMOUPUS FALUNG DUE wrrHIN IY4E YEAR 2024 2023 Ttode deL*ors paynEnts and accrLRd Ir 15,737 3.461 16,419 4,321 19,196 20.740 ii. CASH AT BANK 2024 Tctal 2023 T(tsl fuTrJs Cash at bank funds hekl ty Invethent manè¥TS 39,518 16B 16,9)3 24, Tctal 39,686 41,369
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARfs BAThERSEA 140TES TO ThE FINANCIAL STATEMEPITS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 12. CREDrfoR&' AMOUFs FALUNG DUE WITH114 ONE YEAR 2024 2023 Tr&* credY(crfs other oEdltors 3,581 21,768 22,438 25,349 22,43B MOVEMENT IN FUNDS rTKJvement In fund5 At IIIR4 31112124 Unrestrfcted funds General furK1 2,OtO,784 26,197 2,036,981 TOTAL FUMDS 2,010,784 26,197 2,036,981 Net rnOVet In funds, Included In the abrNe are as fdlm.. Irmrnlng re9)W5 Galns aTrJ moVert In funds expend& Unrejtrktod fund General fund 277,087 13CQ,3631 57,473 26,197 TOTAL FUNOS 277,087 1308,363) 57,473 26,197 ComparatlTMifor mo¥em•nt In funds Nel At 31112123 At 111123 in IK15 Unrethct¢d fvnd• Genernl fuTrJ 2,040.258 (29,4741 2,010,7&4 TOTAL FUNDS 2,C40,258 129,474) 2,010,784 Comparatfve net movement In rd$, IrKhJJed In arp as fol5.. [rKong u5 Reg)ur eXFeTrJ&J Golrs and lo Movernert In fvrnds Unre5tririEd fvndB ral fuTrJ 234,559 1325,611) 61,578 129,474) TQTAL FUNDS 234.559 1325,611) 61,578 129,4741 -17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARYS BATfERSEA NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR ThE YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCLOSURES There vre no rd potty tra[lnS for year e 31 tytternter 2024.