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2020-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2020

TOGETHER WITH

THE INDEPENDENT EXAMINER’S REPORT

Registered Charity number 1143840

Parish of All Saints with Holy Trinity, Wandsworth

Annual report and financial statements 2020

Contents

Page Annual report Objectives and activities Structure, governance and management Responsibilities of the PCC for financial matters Electoral Roll Officer’s report and church attendance PCC Secretary’s report Deanery Synod report Safeguarding report Fabric report Vicar’s report Financial review Independent Examiner’s report 11 Annual Financial Statements Statement of financial activities 12 Balance sheet 13 Cash flow statement 14 Notes to the accounts 15

Administrative information

The Parochial Church Council of the Ecclesiastical Parish of All Saints with Holy Trinity Wandsworth is a Registered Charity number 1143840.

The Parish of All Saints with Holy Trinity Wandsworth comprises the following churches:

All correspondence concerning the parish should be directed to:

The Parish Office Holy Trinity Church Centre Beaumont Road London SW19 6SP Tel: 020 8788 4606 Email: office@wandsworth.church

Advisers:

Bankers: Santander UK plc, Bootle, Merseyside, L30 4GB CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Solicitors: Russell-Cooke LLP, 2 Putney Hill, Putney, London, SW15 6AB

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Parish of All Saints with Holy Trinity, Wandsworth

Objectives and activities

The primary object of the Parochial Church Council (PCC) of the Ecclesiastical Parish of All Saints with Holy Trinity, Wandsworth (‘Parish of Wandsworth’) within the Diocese of Southwark is the promotion of the Gospel of our Lord Jesus Christ as uniquely revealed in the Holy Scriptures and set forth in the catholic creeds, and in accordance with the historic doctrines and practices of the Church of England as laid out in the 39 Articles of Religion, the Book of Common Prayer and the Ordinal.

In accordance with the Parochial Church Councils (Powers) Measure 1956, the PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC also has responsibility for managing the income arising from property and investments and the costs of maintaining the fabric of the parish’s historic churches and other properties.

The mission statement of the Parish is ‘ To know Jesus Christ and to make Him known’ . When planning activities, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. Accordingly, the incumbent and PCC seek to achieve the Parish's mission through activities such as:

The achievements and performance in the year are set out in the Vicar's Report, supplemented by other individual reports, below.

Structure, governance and management

The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Councils (Powers) Measure and is registered with the Charity Commission under charity number 1143840.

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. PCC Members are elected for a period of three years at the APCM. Similarly, representatives for the Deanery Synod, who are also automatically appointed to the PCC, are elected at the same time. Churchwardens are elected for a period of one year at the Annual Vestry Meeting.

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Parish of All Saints with Holy Trinity, Wandsworth

Structure, governance and management (contd)

Since 1 January 2020, the following have served as PCC members and trustees:

Vicar Revd Greg Prior¹ ² * # (Chairman) Churchwardens Olaniyi Ogunsina # Carl Hughes¹ ² ³ # Elected PCC members c Geoff Coyne c Jeremy Crumplin1 b David Clover d Nicola Elliot¹ (Treasurer) d Donna Forward * # b Mike Forward c Guy Horton c Kim Luy d Della Ogunleye¹ b Julia Peddar (to April 2021) b Jane Snowden¹ (PCC Secretary from May 2020) Co-opted PCC members aPaul Ashworth aHannah Ridley aJohn Sailer

Ollie Butlin* serves as the Electoral Roll Officer and attends meetings of the PCC.

Synod members: ¹Deanery; ²Diocesan; ³General * Member of parish staff team # Member of Parish Management Group, together with Gary Carpenter.

Length of service: a Has served 1 year and has 2 further years of service. b Has served 2 years and has 1 further year of service. c Has served 3 years and due to step down but is available for re-election. d Accepted PCC request to stand for re-election with immediate effect.

PCC committees

During 2020, the PCC also operated through the Parish Management Group which met between full meetings of the PCC, including the Vicar, the Churchwardens, and the former Treasurer, Gary Carpenter.

Responsibilities of the PCC for financial matters

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

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Parish of All Saints with Holy Trinity, Wandsworth

Responsibilities of the PCC for financial matters (contd)

The members of the PCC are responsible for keeping proper accounting records which, at any time, disclose with reasonable accuracy the financial position of the PCC and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Electoral Roll Officer’s report and church attendance (Ollie Butlin)

The Electoral Roll currently comprises 109 (July 2020 (restated): 102) parishioners. During the last 12 months, we have removed 6 members who have moved away, 3 who have died and have added 16 members.

The total number of individuals currently on our church database is 200. We have 164 adults (July 2020: 156) and 36 children (July 2020: 35). The average numbers of adults attending the principal services in the Parish during the year are set out in the table below.

In 2020, the parish was mandated to close both All Saints and Holy Trinity church from 22 March, due to the global coronavirus pandemic. Immediately we began producing pre-recorded services online, which premiered at 10:30am on Sundays, with an average viewership of 62. Once the management deemed it safe to do so, and government guidance allowed, from 26 July we reopened Holy Trinity and held a 9am Common Worship Service for 7 weeks until 6 September with an average attendance of 23 adults.

From 13 September, we replaced the 9am service with a 10:30am service of Morning Worship, with an average attendance of 41 adults until the end of 2020. Despite not holding any additional services, Christ Church Earlsfield have held their own services on Sunday Mornings at All Saints Church since 6 September 2020.

SUNDAYS
9 am
Traditional Church
10.30 am
Morning Church
5pm
Evening Church
TUESDAYS
1.15 pm
Lunchtime Church
TOTAL AVERAGE WEEKLY
ATTENDANCE
Christmas Attendance
(includes Carol Services, Christmas Eve &
Christmas Day services)**
Easter Attendance
(includes Good Friday & Easter Sunday services)		 2020 2019 2018 2017 2016 2015
9* 9 7 7 8 10
67* 65 63 64 73 70
17* 22 18 21 22 19
11* 11 13 15 15 16
104* 107 101 107 118 115
255 509 541 452 534 440
0 276 174 262 234 166

*Based only on 11 Sundays pre-COVID19 restrictions. Please see introductory paragraph for further details.

**Only Christmas services at Holy Trinity Church accounted for.

PCC Secretary’s Report (Jane Snowden)

The PCC met 8 times during 2020, the 6 meetings from March onwards being via Zoom. The increased number of meetings reflected the number of issues requiring often urgent consideration. The Management Group met on a monthly basis.

The overarching theme of the year was Ministry under Covid with frequently shifting regulations meaning planning was often replaced by reacting and building projects were delayed.

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Parish of All Saints with Holy Trinity, Wandsworth

PCC Secretary’s Report (cont)

Items discussed and agreed included

Other items discussed included

Deanery Synod Report (Jeremy Crumplin)

Wandsworth Deanery Synod met twice in 2020. The first meeting was held at St Michael and All Angels in Southfields on 12 February. Parishes gave a series of presentations on the theme of “The mission of God in Wandsworth”, focusing on social action, discipleship and the environment. Unfortunately, it was not possible for our parish to be represented.

The COVID-19 pandemic forced the cancellation of the June Deanery Synod meeting, the Eco Church day in May, and other planned events.

The deanery synod reconvened on 18 November, via Zoom video conference. Our parish was represented. Hannah Rich of the Christian think tank Theos gave a presentation on the GRA:CE project, in particular the Growing good report, which explored how social action can lead to congregations growing both numerically and spiritually. Following the presentation, the Synod broke out into small groups to reflect on this in relation to the local parishes, particularly in the light of the Covid19 pandemic.

It is hoped to resume in-person meetings of Deanery Synod later in 2021, as circumstances permit.

Safeguarding Officer’s Report (Nicola Taylor & Karen Ashworth – Safeguarding Officers)

The PCC have approved the Safeguarding Policy Promoting a Safer Church and the Policy for Responding to Domestic Abuse and are on the website.

We have had rather a different year this year with Covid and less face to face meetings, however safeguarding has continued. We have entered a new area of virtual meetings, which also require safeguarding. We need to look out for each other in a different way in virtual meetings and please do talk to one of our leaders if you have any concerns, however big or small.

We have all taken on an important additional safeguarding role of following Covid guidance and social distancing and keeping each other safe in church.

A Safe Church (our Diocesan safeguarding policies and procedures) are available online at: Diocesan policies and procedures | The Diocese of Southwark (anglican.org)

Or http://southwark.anglican.org/safeguarding/diocesan-policies-and-procedures.

Safeguarding is everyone’s responsibility, if you have any questions, worries or concerns regarding an adult or child please do contact any member clergy or the Parish Safeguarding Officers.

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Parish of All Saints with Holy Trinity, Wandsworth

Fabric Report (Olaniyi Ogunsina & Carl Hughes – Churchwardens)

As a parish, we are responsible for the repair and maintenance of both of our churches, the properties which we own (74 Haldon Road and the Holy Trinity Church Centre) and the internal decoration of the vicarage (which is owned by the Diocese). As set out in Note 9 to the financial statements, during 2020 we incurred £23,743 (2019 - £77,775) on repairs and maintenance. The sum incurred would have been much higher were it not for the substantial amount of voluntary work undertaken on our buildings by the Parish Maintenance Group and certain works undertaken at Holy Trinity by Noddy’s Nursery at their cost, for all of which we are enormously grateful.

The costs incurred during 2020 include the costs of ongoing maintenance contracts for heating and for the Church Centre lift, together with the following projects:

Unfortunately, the property maintenance ‘to do’ list remains lengthy and there are several matters that must now be addressed in 2021 and 2022. Future works which we intend to undertake include the following (though it is important to appreciate that some of the larger projects relating to All Saints Church will be dependent upon raising significant funds, including from grant-making bodies):

Works to be undertaken (and costs to be incurred) during 2021.

Planning ongoing during 2021

Vicar’s Report

To describe these past 18 months as anything but unprecedented would be a colossal understatement.

Many of us have experienced great sadness and grief as those we have known and loved have succumbed to the virus or underlying medical conditions. The temptation to give into fear and to withdraw from society and pull up the drawbridge has been huge.

Paul reminds us that we do not live as world does, without hope and in fear.

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Parish of All Saints with Holy Trinity, Wandsworth

Vicar’s Report (contd)

1 Corinthians 15:54-58

54 When the perishable puts on the imperishable, and the mortal puts on immortality, then shall come to pass the saying that is written:

“Death is swallowed up in victory.” 55 “O death, where is your victory? O death, where is your sting?” 56 The sting of death is sin, and the power of sin is the law. 57 But thanks be to God, who gives us the victory through our Lord Jesus Christ.

58 Therefore, my beloved brothers and sisters, be steadfast, immovable, always abounding in the work of the Lord, knowing that in the Lord your labour is not in vain.

Paul’s words in verse 58 have been such a help and encouragement to me this past year, and I share them with you praying that as a church family we would not give up in hopelessness or give in to fear but abound in serving the Lord knowing that our service is NOT in vain.

I want to express my thanks to Ollie (Office Manager) and Donna (Pastoral-care Co-ordinator) who have both been amazing in their respective roles in supporting the ministry through these very challenging times. Both their appointments have been so timely as we moved to online services and needed greater attention to pastoral care through the pandemic. I am so grateful for their tireless service through this past year. I also want to express our appreciation for Geoff who has been a wise counsellor and an amazing support to us all this past year. We have all deeply appreciated his podcasts through the Psalms and the many references to CH Spurgeon!

We expect that Ollie will be changing roles in the summer as he prepares to start his ordination training in September. The plan is that Ollie will be assigned to Holy Trinity as his placement church for the duration of his training. With that in mind, we will be looking to appoint a new Office Manager from the summer.

We are also very excited to welcome our new training curate Jack O’Grady and his wife Lucy. Jack will be ordained at Southwark Cathedral on Saturday the 26th June.

Sadly, in the past year we also have had to say a number of ‘goodbyes’: Mike and Julia Peddar, Adam Anderson and Susie Wilkins, Jonathan Bray, Missy and Derek Sharp and in the summer Thomas and Lisa Shelbourn will be leaving us in the summer for Norwich.

As a parish we mourn the loss of Dick Channer, Myra Jones, Ann Joslin and Comfort Quartey who were all promoted to glory this year.

LOOKING AHEAD:

There will be much to learn from these past 18 months and the new PCC will need to give time to reflect on these in the coming year. A number of things have stood out for me…

Communication through our website, our ChurchSuite app and social media (our WhatsApp group) and the dreaded ZOOM is now the norm. We will need to continue to invest energy and resources in ensuring these platforms are fully utilised going forward.

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Parish of All Saints with Holy Trinity, Wandsworth

Vicar’s Report (contd)

In particular I want to mention the efforts of Phill Ridley in producing such amazing musical and missional Christmas and Easter carols. They were ‘bright lights’ in a season of darkness. We have already begun conversations as to how we can use our musical strength for ongoing mission in our community.

It will not surprise you then that I have asked Phill to take up the post of honorary Music Director and to take a lead in developing music ministry in the parish. I am delighted that he has agreed to this voluntary roll.

Two groups that have been significantly impacted by the restrictions placed on us by the pandemic have been our Youth/Children’s ministry and our Seniors.

I am very grateful to Paul Ashworth and his team for all their efforts to engage with our children and youth through activities like ZOOM meetings before church, children’s talks and activity packs for kids at home. I know that Paul and his team have worked really hard at trying to keep contact with all our young people.

However, despite their efforts, it is fair to say that our children and young people’s ministry have struggled due to the restrictions brought about by the pandemic. If we are to grow this ministry, it will require a significant investment of energy and resources from the leadership, staff and ministry teams, as well as the full support engagement of parents as we seek to rebuild and refresh this vital ministry.

Trinity Tots, one of our key ministries which connects with our community, is also gearing up for a fresh re-launch in September.

Finally, the closing and limiting of ‘in-person’ services for a season in our parish gives us a real opportunity to reflect on what the shape of our services should be as we come out of lockdown. It is a chance to think creatively and to develop a new vision to reach post pandemic Wandsworth. This process must include consideration of how, going forward, we will shape our partnership with Revd Andy O’Brien and Christ Church which currently meets in All Saints.

Please will you commit to pray for our new PCC and staff teams as we engage with these exciting opportunities and challenges in the year ahead.

Thank you to you our church family, ministry and team leaders, staff team and our precious churchwardens Carl and Niyi for your love, care and deeply appreciated support for both Judith and me through this past year.

Proverbs 3:5-6

Trust in the Lord with all your heart, and do not lean on your own understanding.

In all your ways acknowledge him, and he will make straight your paths.

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Parish of All Saints with Holy Trinity, Wandsworth

Financial Review (Nicola Elliott - Treasurer)

The financial statements presented with this report for the year ended 31 December 2020 comprise the income and expenditure and the assets and liabilities of the Parish of All Saints with Holy Trinity, Wandsworth. The numbers in this review are rounded to the nearest thousand pounds.

The income, expenditure, assets and liabilities of the Parish are accounted for within restricted and unrestricted funds which are detailed in Note 15 to the annual financial statements.

Statement of Financial Activities

Overall donations and legacies totalled £188,000 which was lower than in 2019 (£240,000) but higher than planned which is a significant achievement in such a difficult year.. This income reflects only the financial support provided by church members and no attempt is made to put a financial value on the huge amount of time, energy and talents provided voluntarily. The PCC continues to be grateful for the generosity of church members for this support.

Total expenditure at £206,000 in 2020 was also lower than in 2019 (£244,000) which was mainly due to the repairs to the heating system at Holy Triniry in 2019 and the departure of the curate in March 2020.

We ended the year with a deficit of income over expenditure of £5,000 which was £6,000 lower than we had planned and expected.

Unrestricted Funds

a. General Fund

Our accumulated General Fund balance increased by over £10,000 in the year to a total of £98,000. This was primarily due to rescheduling of maintenance projects due to Covid restrictions.

Total income of £192,000 for the General Fund is £33,000 down on last year. This was primarily due to the recovery in 2019 of £44,500 from the insurers of HMDW, the church’s architects, in connection with defects to the heating system at Holy Trinity.

Regular giving was 4% lower than in 2019 as was rental income (due to Covid restrictions) although these reductions were more than offset by an increase in one-off donations.

Total expenditure in the unrestricted funds at £186,000 was slightly higher than in 2019 (£181,000). The expenditure included an increase of £6,000 in the Parish’s contribution to the Diocesan Parish Support Fund. Repair and maintenance costs were £40,000 lower than last year due to rectification work in 2019 on the heating system at Holy Trinity.

b. Mission Giving Fund

In accordance with the PCC’s policy, a transfer from the General Fund of 5% (2019: 5%) of unrestricted direct giving income and associated tax relief has been made, amounting to £7,533 (2019: £7,861). Grants and gifts

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Parish of All Saints with Holy Trinity, Wandsworth

Financial Review (cont)

totalling £13,500 (2019: £2,700) were made leaving £3,202 (2019: £9,169) unspent to be carried forward to 2021. In 2019 the grant allocation decision usually made in the second half of the year was deferred into 2020. Grants and gifts were made to the organisations listed in note 6 to the accounts.

Restricted Funds

The Christian Workers Fund pays the costs of ministry assistants employed in the parish. There were donations into the fund of £5,488 during 2020 and expenditure of £16,574. The expenditure relates to the Parish Office Manager (who works part of the week as Ministry Assistant) and to the Pastoral Care Coordinator.

Expenditure from the Christian Workers funds was higher than expected because the Pastoral Coordinator was not in the original budget. The additional expenditure was covered by a grant and so the fund ended the year as planned with £54,000 to be carried forward into 2021.

Balance sheet and cash flows

The Parish had net assets of £458,000 at 31 December 2020 (2019: £463,000). This decrease of £5,000 reflects the excess of expenditure over income in 2020 which was primarily due to loss of income during Covid restrictions. The cash balance has fallen to £158,000 (2019: £171,000). Some of this money is set aside for the purposes of the restricted funds and the cash balance available to the General Fund is £98,000 of that, up from £88,000 last year.

Looking ahead

The PCC has established a reserves policy that seeks to target a General Fund balance equal to three months’ expected expenditure, which is £46,000 according to the 2021 Financial Plan. The balance at 31 December 2020 is about £98,000. However, the PCC anticipates that the fund will reduce significantly in the coming months due to the loss of regular giving from a number of members of the church family who have moved away from London in recent months and as a substantial amount of necessary expenditure on maintenance and refurbishment takes place, notably on repairs to the roof and leadwork at Holy Trinity Church, the replacement of Holy Trinity’s organ blower and construction and refurbishment works at 74 Haldon Road.

The PCC has determined that the contribution to the Diocesan Parish Support Fund will be maintained at £78,000 in 2021 after having increased it by £6,000 in 2020. This remains below the level required to pay our way as an average parish with an incumbent, which is £80,300 for 2021, and the PCC would like to get to at least that level in the near future.

In 2020, yet again, God has been generous in His provision for us. We have ended the year in a better financial position than was anticipated in the financial plan. However, we are still facing significant maintenance costs in 2021 with remedial work required to be done following the quinquennial inspections and refurbishment plans at All Saints.

The PCC remains very appreciative of the generous gifts made by many in the Parish. However, as well as significant maintenance costs, we would like to be more generous in our support of the Diocese going forward. May we therefore encourage every member of the church family to use this annual review as an opportunity to consider carefully again their support of the gospel work here in Wandsworth through regular, committed, tax-efficient giving?

May we also take this opportunity to remind you, if you have not written a will or reviewed it recently, to do so and to consider leaving a gift in your will to the church? It is a practical way of showing gratitude to God for all the blessings we have enjoyed during our lives.

On behalf of the PCC on

Revd Gregory Prior Olaniyi Ogunsina Carl Hughes (Vicar) (Churchwarden) (Churchwarden)

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Parish of All Saints with Holy Trinity, Wandsworth

INDEPENDENT EXAMINER’S REPORT

To the Parochial Church Council of the Parish of

All Saints with Holy Trinity Wandsworth

Respective responsibilities of the Parochial Church Council and Independent Examiner

The Parochial Church Council is responsible for the preparation of the accounts. The Parochial Church Council consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s statement

I have examined the accounts for the year ended 31 December 2020 set out on pages 13 to 23. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David J. Ryland FCCA Independent Examiner Chartered Certified Accountant

373 Wimbledon Park Road Southfields London SW19 6PE

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Parish of All Saints with Holy Trinity, Wandsworth

Statement of financial activities

Year ended 31 December 2020

Notes
Income
Donations and legacies
2
Income from investments
3
Income from charitable activities
4
Total income
Expenditure on charitable activities
5
Net (expenditure)/ income
Funds at beginning of year
Funds at end of year
15		 Unrestricted
funds
£		 Restricted
funds
£
2020		 Restricted
funds
£
2020		 Total
£		 2019
Total
£
180,172
7,556
4,612		 8,243
-
-		 188,415
7,556
4,612		 239,836
53,341
6,703
192,339
(186,274)		 8,243
(19,531)
(11,288)
83,123
71,835		 200,582
(205,805)		 299,880
(243,806)
6,065
379,976		 (5,223)
463,099		 56,074
407,025
386,042 457,876 463,099

The notes on pages 15 to 22 form part of these financial statements.

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Parish of All Saints with Holy Trinity, Wandsworth

Parish of Wandsworth

Balance sheet

Year ended 31 December 2020

Notes
Fixed assets
Freehold land and buildings
12
Other tangible fixed assets
12
Total fixed assets
Current assets
Debtors
13
Cash at bank and in hand
Total current assets
Current liabilities
14
Net current assets
Total net assets
The funds of the Parish
Restricted funds
15
Unrestricted funds
15
General funds
Designated funds
Total funds
15
Creditors: amounts falling due within one
year		 2020 2020 Total
£		 Total
£		 2019
£
Unrestricted
funds		 Restricted
funds
£		 Total
£
279,000
5,234		 0
0		 279,000
5,234		 279,000
3,347
284,234 0 284,234 282,347
20,954
86,113		 0
71,835		 20,954
157,948		 15,994
171,397
107,067
-5,261
101,808
386,042
0
98,606
287,436
386,042		 71,835
0
71,835
71,835
71,835
0
0
71,835		 178,902
-5,261
173,642
457,876
71,835
98,606
287,436
457,876		 187,391
-6,639
180,752
463,099
83,123
88,460
291,516
463,099

The notes on pages 15 to 22 form part of these financial statements.

Signed for and on behalf of the Parochial Church Council of the Parish of All Saints with Holy Trinity Wandsworth (Charity number 1143840)

Revd Gregory Prior Vicar

Nicola Elliott Treasurer

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Parish of All Saints with Holy Trinity, Wandsworth

Parish of Wandsworth

Statement of cash flows

Year ended 31 December 2020

Cash flows from operating activities:
Net cash (used in)/ generated by operating
activities
Cash flows from investing activities:
Capital expenditure
Income from investments
Change in cash in the year		 Notes

(a)		 2020 2019
Total
Total
£
£
(17,483)
6,454
(3,521)
-
7,556
53,341
(13,448)
59,795
Unrestricted
funds
£
(6,195)
(3,521)
7,556		 Restricted
funds
£
(11,288)
-
-
(2,160) (11,288)
Cash at 1 January 88,273 83,123 171,396
111,603
Cash at 31 December (b) 157,948
171,397
86,113 71,835

(a) Reconciliation of net (expenditure)/ income to net cash flows from operating activities

Adjustments for:
Depreciation charges
Income from investments
Net income/(expenditure) for the reporting period
(per the Statement of Financial Activities)		 2020 2019
Total
Total
£
£
(5,223)
56,074
1,634
929
(7,556)
(53,341)
Unrestricted
funds
£
6,065
1,634
(7,556)
 Restricted
funds
£
(11,288)
-
-
(Increase)/decrease in debtors
(Decrease)/ increase in creditors
Net cash (used in)/ generated by operating
activities
(b) Analysis of cash		 (4,960)
(1,378)		 -
-		 (4,960)
6,790
(1,378)
(3,999)
(17,483)
6,454
2019
Total
Total
£
£
(6,195) (11,288)
2020
Unrestricted
funds
£		 Restricted
funds
£
Cash in hand 709 38 747
879
On deposit at bank 85,404 71,797 157,201
170,518
Total 86,113 71,835 157,948
171,397

The notes on pages 15 to 22 form part of these financial statements.

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Parish of All Saints with Holy Trinity, Wandsworth

Parish of Wandsworth

Notes to the accounts

Year ended 31 December 2020

~~1~~ . Accounting policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Parish meets the definition of a public benefit entity under FRS 102.

The Parochial Church Council ("PCC") considers that there are no material uncertainties about the Parish’s ability to continue as a going concern. With respect to the next reporting period, the most significant area of uncertainty that affects the Parish’s financial condition is the continuing level of donations received from church members.

(b) Funds

Unrestricted funds represent the funds of the PCC that are not subject to any constraints regarding their use and are available for the general purposes of the PCC. These include funds designated for a particular purpose by the PCC which are described further in Note 15.

Restricted funds represent donations or grants received for a specific object or invited by the PCC for a specific object. These funds may only be expended on the specific object for which they were given. Details of the restricted funds are provided in Note 15.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe an affiliation to another body, nor those that are informal gatherings of church members.

(c) Donations and legacies

Donations and legacies are recognised when the entitlement to the economic benefit has passed to the PCC and its monetary value can be measured reliably. Amounts receivable under forms of planned giving are only recognised when received from the donor. Grants and legacies are accounted for when entitlement is notified, the amount receivable is quantifiable and its ultimate receipt is probable. Income tax recoverable on donations given under Gift Aid is recognised at the time of the donation.

(d) Other income

Rental income from the letting of church premises and other properties is accounted for when receivable. Income received from the Church Estates Charity is accounted for as investment income as the trustees of that charity, being the vicar and churchwardens, have determined that its investment income will be passed to the PCC by way of donation and is therefore more characteristic of investment income than of grant income. The income is accounted for when received by the PCC.

Interest income is accounted for when due.

Parochial fees due to the PCC for weddings and funerals are accounted for at the time of the event.

(e) Church expenditure

Costs are accounted for when incurred. Payments to the Diocese of Southwark Parish Support Fund are accounted for when due. These payments are voluntary contributions to cover the costs of clergy stipends, housing and training, as well as other diocesan costs.

15 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued) Year ended 31 December 2020

1. Accounting policies (continued)

(f) Fixed assets

The freehold property at 74 Haldon Road, owned by the PCC for the accommodation of staff, is shown at cost. This property is not depreciated but its value is reviewed periodically by the PCC to determine whether any write down of its carrying value is required. The PCC also owns the freehold of the Holy Trinity Church Centre, adjacent to Holy Trinity Church. This property is included in the accounts at cost, being a nominal amount of £1.

Consecrated and beneficed properties are removed from the definition of charity under Section 10(2)(a) and (c) of the Charities Act 2011 and therefore these assets are excluded from the financial statements. The PCC retains responsibility for maintaining these properties and so costs incurred by the PCC for the repair, maintenance or improvement of these assets are charged to the income and expenditure account. Church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property and also excluded from the financial statements.

All expenditure incurred on the purchase or improvement of individual assets acquired at a cost generally less than £1,000, or on the repair or maintenance of church buildings and fittings, is expensed in the year in which it is incurred. Other items of office equipment and church assets are recorded at cost and are depreciated over their expected useful lives at follows:

Office equipment - photocopier, computers, telephone system, office fixtures and fittings - 5 years Church assets - piano - 20 years - noticeboards - 10 years

16 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

2. Donations and legacies

Regular giving
- banker's order
- Charities Aid Foundation
and similar tax-efficient forms of giving
Collections, including gifts in envelope scheme
Grants
Other donations and legacies
Income tax recoverable under Gift Aid		 2020 2019
Total
Total
Unrestricted
funds		 Restricted
funds
£ £ £
£
60,152
70,733
1,543
-
30,067
17,676
180,172		 2,090
1,100
577
3,150
678
648
8,243		 62,242
72,398
71,833
68,352
2,120
5,897
3,150
27,400
30,745
40,103
18,324
25,686
188,415
239,836

3. Income from investments

Investment income donated by the Church
Estates Charity
Bank interest (gross)
Property income (Note (a))		 2020 2019
Total
Total
Unrestricted
funds		 Restricted
funds
£ £ £
£
-
266
7,290
7,556		 -
-
-
-		 -
1
266
550
7,290
52,790
7,556
53,341

(a) 2019 includes £44,500 received in 2019 from the insurers of HMDW, the church's archtects, relating to defects in the heating system at Holy Trinity.

4. Income from charitable activities

Income from charitable activities
Funerals
Weddings and banns
Other events
Hire of properties
- Holy Trinity Church Centre
- Church buildings and curtilage		 2020 2019
Total
Total
£
£
459
200
555
890
-
28
405
2,630
3,193
2,955
4,612
6,703
Unrestricted
funds
£
459
555
-
405
3,193
4,612		 Restricted
funds
£
-
-
-
-
-
-

17 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

5. Analysis of expenditure on charitable activities

5. Analysis of expenditure on charitable activities
Notes
Grants and gifts to other organisations
6
Expenditure on the Parish's own ministry
Direct ministry support costs
7
Church and ministry expenditure
8
Maintenance of churches and properties
9
Church administration
10
Total expenditure on charitable activities		 2020 Total
£
13,500		 2019
Unrestricted
funds
£
13,500		 Restricted
funds
£
-		 Total
£
3,947
489
121,012
22,729
28,545		 112
18,405
1,014
-		 601
139,417
23,743
28,545		 3,038
144,539
64,173
28,109
172,774
186,274		 19,531
19,531		 192,305
205,805		 239,859
243,806
6. Grants and gifts to other organisations
2020 Total
£		 2019
Unrestricted
funds
£		 Restricted
funds
£		 Total
£
iServe Africa_() (supporting Peter Kamau)_
iServe Africa general funds ()
CEEC (*)
Royal Hospital for Neuro Disability Chaplaincy
Wandsworth Street Pastors
Open Doors
London City Mission
Theophany Teens Care International
(supporting Paul Mansaray)		 4,500
1,000
500
4,500
1,000
-
1,000
1,000		 -
-
-
-
-
-
-		 4,500
1,000
500
4,500
1,000
-
1,000
1,000		 700
-
500
700
200
200
200
1,447
Total 13,500 - 13,500 3,947

* Related parties: The Vicar is a trustee of iServe Africa. A Churchwarden is a member of council of the Church of England Evangelical Council.

7. Direct ministry support costs

2020 2019
Total
Total
Unrestricted Restricted
£
189
-
225
-
-
75		 £ £
£
Books and tracts
Courses
Events
Church groups
Seniors ministry
Youth and children's ministry		 -
-
-
-
112
-		 189
47
-
24
225
1,350
-
56
112
-
75
1,561
Total 489 112 601
3,038

18 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

8. Church and ministry expenditure

Church and ministry expenditure
Diocesan Parish Support Fund
Vicar's and staff expenses
Curate and Ministry Assistants (Note (a))
- Remuneration
Church and church property expenses
- Cleaning
- Depreciation of church assets
- Gas
- Electricity
- Insurance
- Council tax and water
- Boiler servicing (b)
- Fire and intruder alarms
Organs and pianos
Equipment
Subscriptions and sundry donations
Other
Total		 2020 2019
£
£
78,000
72,000
2,261
4,127
16,574
38,929
7,955
7,194
783
78
6,724
1,043
5,694
4,581
12,328
11,970
2,648
1,412
1,160
-
1,302
1,063
941
-
131
1,192
2,203
43
713
907
139,417
144,539
Total
Total
£
78,000
2,261
-
7,955
783
6,724
5,694
12,328
2,648
1,160
1,302
941
-
503
713
121,012
Unrestricted
funds		 £
-
-
16,574
-
-
-
-
-
-
-
-
-
131
1,700
-
18,405
Restricted
funds

(a) Curate and Ministry Assistants : The Curate (in post until March 2020) is paid by the Diocese and this cost is reimbursed by the Parish.

(b) Boiler servicing : 2019 cost included in routine repairs and maintenance below.

Maintenance of churches and properties

Maintenance of churches and properties
9. 2020 2019
Unrestricted Restricted Total Total
£ £ £ £
Church building development
- Holy Trinity Church (Note (a)) - - - (13,602)
Repairs and maintenance
- All Saints Church 8,539 - 8,539 65
- Holy Trinity Church - - - 71,426
- Wandsworth Vicarage 880 - 880 1,010
- 74 Haldon Road - - - -
- Holy Trinity Church Centre 11,305 1,014 12,319 194
- Lift maintenance 1,019 - 1,019 943
Routine repairs and maintenance 986 - 986 4,137
22,729 1,014 23,743 77,775
22,729 1,014 23,743 64,173

(a) During 2019, the Parish received a refund of VAT under the Listed Places of Worship scheme.

19 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

10. Church administration

Printing, stationery, postage and supplies
Parish office telephone and broadband
Parish office equipment
Parish office manager remuneration
Professional fees
Depreciation of office equipment
Publicity and website costs
Other
Total		 2020
2019
Unrestricted
funds and
Total
Total
£
£
590
1,377
4,161
2,869
102
-
18,152
19,155
2,257
2,170
851
851
1,281
1,510
1,151
177
28,545
28,109

Professional fees include an amount paid of £1,710 to the Independent Examiner (2019: £1,710).

11. Employment costs

Employee costs included in notes 8 and 10 above comprise the following:

Salaries
Employment Allowance
National insurance and pension contributions
Average number of employees (full time equivalent)		 2020
£
27,650
(5,825)
2,933
24,759
1		 2019
£
19,916
(3,641)
2,880
19,155
1

Employees exclude the Vicar and Curate whose remuneration is paid by the Diocese. The cost of the Curate's remuneration was reimbursed by the Parish and so, although excluded from the definition of employment costs above, is included in "Remuneration" in note 8 above.

20 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

12. Tangible fixed assets

(a) Freehold land and buildings

74 Haldon Road (at cost)

At 1 January and 31 December 2020

Unrestricted funds £279,000

Additional freehold property, including Holy Trinity Church Centre, adjacent to Holy Trinity Church (which is held at cost at a nominal amount of £1), is held in trust for the PCC by the Rochester and Southwark Diocesan Church Trust.

(b) Other tangible fixed assets

Other tangible fixed assets
Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net Book Value
At 1 January 2020
At 31 December 2020		 Unrestricted funds
Church
assets
£		 Equipment
£		 Total
£
7,106
-		 103,508
3,521		 110,614
3,521
7,106 107,029 114,135
(6,668)
(78)		 (100,599)
(1,556)		 (107,267)
(1,634)
(6,746)
438
360		 (102,155)
2,909
4,874		 (108,901)
3,347
5,234

13. Debtors

Tax recoverable
Accounts receivable
Total		 2020 2019
Total
Total
£
£
17,642
15,583
3,312
411
20,954
15,994
Unrestricted
funds
£
17,642
3,312
20,954		 Restricted
funds
£
-
-
-

14. Creditors: amounts falling due within one year

Accounts payable
Other accruals
Total		 2020 2019
Total
Total
£
£
201
126
5,059
6,513
5,261
6,639
Unrestricted
funds
£
201
5,059
5,261		 Restricted
funds
£
-
-
-

21 | P a g e

Parish of All Saints with Holy Trinity, Wandsworth

Notes to the accounts (continued)

Year ended 31 December 2020

15. Funds analysis

Unrestricted funds
General Fund
Designated Funds
Fixed Asset Fund
(a)
Mission Giving Fund
(b)
Total unrestricted funds
Restricted funds
Christian Workers
Holy Trinity Church developments
Holy Trinity Church Centre
Bells Fund
Deanery Mission
(c)
Wandsworth Mission
(d)
Parish of Wandsworth Poor Fund
(e)
Other specific gifts and collections
Total restricted funds
Total funds
Note		 £
88,460
1 January
2020		 Movements during 2020 Movements during 2020 Movements during 2020 £
98,606
31 December
2020
£
(9,420)
Transfers		 Income
£
£
192,339
(172,774)
Expenditure
282,347
9,169		 1,887
7,533		 -
-		 -
(13,500)		 284,234
3,202
291,516 9,420 - (13,500) 287,436
379,976 - 192,339 (186,274) 386,042
65,574
302
712
6,674
972
988
7,517
384		 -
-
-
-
-
-
-
-		 5,488
-
-
137
-
-
-
2,618		 (16,574)
(302)
(712)
-
-
-
-
(1,943)		 54,487
-
-
6,811
972
988
7,517
1,059
83,123 - 8,243 (19,531) 71,835
463,099 - 200,582 (205,805) 457,876

Details of income received during the year are provided in notes 2 to 4. Details of expenditure incurred during the year are provided in notes 5 to 10.

Designated Funds are those funds set aside for a particular purpose by the PCC.

(a) The Fixed Asset Fund represents the net book value of the PCC's fixed assets which are resources which are not readily available for the PCC's other general purposes.

(b) The PCC has resolved that 5% of unrestricted direct giving (including tax recovery) in 2020 (2019: 5%) should be allocated to external mission organisations. The Mission Giving Fund has been set up accordingly.

The Restricted Funds above have been established from monies received from the Parish's gift days in previous years, grants, specific collections and donations for specific purposes.

(c) The Deanery Mission Fund comprises a grant from Southwark Diocese for the purpose of mission in the Wandsworth Deanery. It was originally expected to be spent in 2019 but is carried forward for future use.

(d) The Wandsworth Mission Fund comprises receipts from other churches in Wandsworth which, together with the PCC's contribution, are spent on Wandsworth mission events.

(e) The Parish of Wandsworth Poor Fund’s objective is the relief of the poor of the Parish of Wandsworth. The Parish of Wandsworth Poor Fund was established in February 1995 pursuant to the winding up of the following charities: Viscount St. John Charity (reg’d. charity number 255709); Sir H. St. John Charity (255708); E.A. Horne Charity (251251); Du Bouisson or Lying in Charity (250332); and Marion Barker Charity (250331).

22 | P a g e