# **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 Saints Church, Wandsworth High Street, London SW18 

- Holy Trinity Church, West Hill, London SW19 

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: 

- Regular public worship open to all 

- Pastoral work, including visiting the sick and the bereaved 

- Teaching people to follow Jesus Christ through sermons, courses and small groups 

- The provision of youth and children's clubs and activities teaching Christian doctrine and lifestyle 

- Promoting the whole mission of the Church through activities for a range of special groups from senior citizens to toddlers 

- Making the parish’s buildings available for the use of the local community including schools, brownies, musicians and other such groups 

- Supporting other charities in the UK and overseas 

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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities Statement of Recommended Practice 2015; 

- make judgments and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. 

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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<br>9 am<br>Traditional Church<br>10.30 am<br>Morning Church<br>5pm<br>Evening Church<br>TUESDAYS<br>1.15 pm<br>Lunchtime Church<br>TOTAL AVERAGE WEEKLY<br>ATTENDANCE<br>Christmas Attendance<br>(includes Carol Services, Christmas Eve &<br>Christmas Day services)**<br>Easter Attendance<br>(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 

- The annual budget, including the payment to the Diocesan Parish Support Fund 

- The appointment of Donna Forward as Pastoral Care Co-Ordinator. 

- The eventual offer and acceptance of a Diocesan paid curate. 

- Christ Church Earlsfield’s use of All Saints 

Other items discussed included 

- The renovation project at All Saints 

- Other property matters including extensive work on Haldon Road and the redecoration of the Church Centre. 

## **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: 

- Holy Trinity Church – parish contribution towards the cost of the new driveway completed by William Edwards and Noddy’s Nursey - £8,400 

- Holy Trinity Church – new noticeboards - £3,900 

- All Saints Church – preliminary advice and drawings from architects for porch repair; technical report on the decoration of the chancel and apse - £1,900 

- Wandsworth Vicarage – internal decoration - £880 

- 74 Haldon Road – architect’s drawings and application for planning permission re kitchen/conservatory development - £3,000 

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. 

- Replacement of the blower for Holy Trinity Church organ - £15,000 

- Roof and leadwork repairs at Holy Trinity Church to address water ingress in servery and vestry areas - £14,000. 

- Redevelopment of kitchen and conservatory at 74 Haldon Road – c£120,000 

- Repair of Beaumont Road gate piers and gates at Holy Trinity – c£2,000 

- Completion of redecoration and re-carpeting of Holy Trinity Church Centre 

- Replacement of the external noticeboards and signage at All Saints Church - £3,000 

- Replacement of All Saints Church porch following damage from car accident (partially covered by insurance proceeds) 

- Preparatory work and reports for the refurbishment (see below) of All Saints Church – c£7,500 

- Quinquennial architectural inspections of both churches - £2,600 

Planning ongoing during 2021 

- Underpinning of the chancel and apse at All Saints Church (to be undertaken in conjunction with the Wandsworth Regeneration Project) 

- Re-landscaping of All Saints Church churchyard (to be undertaken in conjunction with the Wandsworth Regeneration Project) 

- Internal redecoration and refurbishment of the nave, chancel and galleries, and external redecoration, of All Saints Church 

## **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… 

- Having entered the digital world of live-streaming and having an online presence, there can be no going back. We have certainly seen the benefit of online services, particularly for those less able to gather inperson for church. 

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. 

- We have been reminded of the importance of prayer and fellowship. Our Tuesday and Thursday ZOOM prayer meetings have been a real blessing to those who have joined us, and who has not laughed, cried, rolled your eyes and been moved to pray as people have shared their lives on our Church WhatsApp group. Both these ministries will continue and we will be thinking about new ways in which we can encourage prayer and the sharing of our lives with one another. 

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**Parish of All Saints with Holy Trinity, Wandsworth** 

## **Vicar’s Report (contd)** 

- The loss of being able to sing has hit our church family a lot harder than even I expected. We have been reminded of how important a role music plays in our public worship. We have also discovered a rich resource in our musicians. I am so grateful to all our musicians and singers who have given so much to service our church family through these difficult times. 

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. 

- The national lockdown and enforced shielding of the elderly and vulnerable has also highlighted the need to develop our Senior’s ministry. We have been very grateful to Donna, our pastoral-care co-ordinator, and all those ‘buddies’ who have helped keep a caring eye on our elderly saints through the pandemic. It is clear that now is the time to develop a more formalised Seniors’ ministry, and Judith and Donna have already begun conversations with Christ Church at All Saints to investigate the possibility of partnering in this important ministry. 

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. 

- The **restricted funds** comprise amounts donated to the Parish for specific purposes, and the expenditure on the projects to which they relate. 

- The **unrestricted funds** comprise the General Fund and designated funds:- 

   - **The General Fund** is used for the general ministry of the Parish. 

   - The **designated funds** are monies put aside by the PCC for specific purposes and comprise the following: 

      - The Mission Giving Fund represents the PCC’s decision to commit to providing grants for the support of mission activity outside the Parish to the amount of 5% of its unrestricted giving income and associated tax recovery. 

      - The Fixed Asset Fund represents the net book value of the PCC’s unrestricted tangible fixed assets, including the properties, as these are resources which are not readily available for the PCC's other general purposes. 

## _**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: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and 

- to state whether particular matters have come to my attention. 

## **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: 

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

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

have not been met; or 

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



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

12 | P a g e 



**Parish of All Saints with Holy Trinity, Wandsworth** 

## Parish of Wandsworth 

## Balance sheet 

## Year ended 31 December 2020 

|Notes<br>**Fixed assets**<br>Freehold land and buildings<br>12<br>Other tangible fixed assets<br>12<br>**Total fixed assets**<br>**Current assets**<br>Debtors<br>13<br>Cash at bank and in hand<br>**Total current assets**<br>**Current liabilities**<br>14<br>**Net current assets**<br>**Total net assets**<br>The funds of the Parish<br>Restricted funds<br>15<br>Unrestricted funds<br>15<br>General funds<br>Designated funds<br>**Total funds**<br>15<br>Creditors: amounts falling due within one<br>year|||**2020**|**2020**|**Total**<br>**£**|**Total**<br>**£**|2019|
|---|---|---|---|---|---|---|---|
||£<br>Unrestricted<br>funds||Restricted<br>funds<br>£||||Total<br>£|
||279,000<br>5,234||0<br>0||**279,000**<br>**5,234**||279,000<br>3,347|
||284,234||0||**284,234**||282,347|
||20,954<br>86,113||0<br>71,835||**20,954**<br>**157,948**||15,994<br>171,397|
||107,067<br>-5,261<br>101,808<br>386,042<br>0<br>98,606<br>287,436<br>386,042||71,835<br>0<br>71,835<br>71,835<br>71,835<br>0<br>0<br>71,835||**178,902**<br>**-5,261**<br>**173,642**<br>**457,876**<br>**71,835**<br>**98,606**<br>**287,436**<br>**457,876**||187,391<br>-6,639|
||||||||180,752|
||||||||463,099|
||||||||83,123<br>88,460<br>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:**<br>Net cash (used in)/ generated by operating<br>activities<br>**Cash flows from investing activities:**<br>Capital expenditure<br>Income from investments<br>**Change in cash in the year**|Notes<br> <br>(a)||**2020**|2019<br>**Total**<br>Total<br>**£**<br>£<br>**(17,483)**<br>6,454<br>**(3,521)**<br>-<br>**7,556**<br>53,341<br>**(13,448)**<br>59,795|
|---|---|---|---|---|
|||Unrestricted<br>funds<br>£<br>(6,195)<br>(3,521)<br>7,556|Restricted<br>funds<br>£<br>(11,288)<br>-<br>-||
|||(2,160)|(11,288)||
|Cash at 1 January||88,273|83,123|**171,396**<br>111,603|
|Cash at 31 December|(b)|||**157,948**<br>171,397|
|||86,113|71,835||



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

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

- _**(a) Basis of preparation and assessment of going concern**_ 

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 

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**Parish of All Saints with Holy Trinity, Wandsworth** 

## Notes to the accounts (continued) 

## Year ended 31 December 2020 

## **2. Donations and legacies** 

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



## **3. Income from investments** 

|Investment income donated by the Church<br>Estates Charity<br>Bank interest (gross)<br>Property income (Note (a))||**2020**|2019<br>**Total**<br>Total|
|---|---|---|---|
||Unrestricted<br>funds|Restricted<br>funds||
||£|£|**£**<br>£|
||-<br>266<br>7,290<br>7,556|-<br>-<br>-<br>-|**-**<br>1<br>**266**<br>550<br>**7,290**<br>52,790<br>**7,556**<br>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<br>Weddings and banns<br>Other events<br>Hire of properties<br>-  Holy Trinity Church Centre<br>-  Church buildings and curtilage||**2020**|2019<br>**Total**<br>Total<br>**£**<br>£<br>**459**<br>200<br>**555**<br>890<br>**-**<br>28<br>**405**<br>2,630<br>**3,193**<br>2,955<br>**4,612**<br>6,703|
||Unrestricted<br>funds<br>£<br>459<br>555<br>-<br>405<br>3,193<br>4,612|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-||



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**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<br>Grants and gifts to other organisations<br>6<br>Expenditure on the Parish's own ministry<br>Direct ministry support costs<br>7<br>Church and ministry expenditure<br>8<br>Maintenance of churches and properties<br>9<br>Church administration<br>10<br>Total expenditure on charitable activities|||**2020**||**Total**<br>**£**<br>**13,500**||2019|
||Unrestricted<br>funds<br>£<br>13,500||Restricted<br>funds<br>£<br>-||||Total<br>£<br>3,947|
||489<br>121,012<br>22,729<br>28,545||112<br>18,405<br>1,014<br>-||**601**<br>**139,417**<br>**23,743**<br>**28,545**||3,038<br>144,539<br>64,173<br>28,109|
||172,774<br>186,274||19,531<br>19,531||**192,305**<br>**205,805**||239,859|
||||||||243,806|
|**6. Grants and gifts to other organisations**||||||||
||||**2020**||**Total**<br>**£**||2019|
||Unrestricted<br>funds<br>£||Restricted<br>funds<br>£||||Total<br>£|
|iServe Africa_(*)_ _(supporting Peter Kamau)_<br>iServe Africa general funds (*)<br>CEEC (*)<br>Royal Hospital for Neuro Disability Chaplaincy<br>Wandsworth Street Pastors<br>Open Doors<br>London City Mission<br>Theophany Teens Care International<br>_(supporting Paul Mansaray)_|4,500<br>1,000<br>500<br>4,500<br>1,000<br>-<br>1,000<br>1,000||-<br>-<br>-<br>-<br>-<br>-<br>-||**4,500**<br>**1,000**<br>**500**<br>**4,500**<br>**1,000**<br>**-**<br>**1,000**<br>**1,000**||700<br>-<br>500<br>700<br>200<br>200<br>200<br>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<br>**Total**<br>Total|
|---|---|---|---|
||Unrestricted|Restricted||
||£<br>189<br>-<br>225<br>-<br>-<br>75|£|**£**<br>£|
|Books and tracts<br>Courses<br>Events<br>Church groups<br>Seniors ministry<br>Youth and children's ministry||-<br>-<br>-<br>-<br>112<br>-|**189**<br>47<br>**-**<br>24<br>**225**<br>1,350<br>**-**<br>56<br>**112**<br>-<br>**75**<br>1,561|
|**Total**|489|112|**601**<br>3,038|
|||||



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

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**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<br>Parish office telephone and broadband<br>Parish office equipment<br>Parish office manager remuneration<br>Professional fees<br>Depreciation of office equipment<br>Publicity and website costs<br>Other<br>**Total**|**2020**<br>2019<br>**Unrestricted**<br>**funds and**<br>**Total**<br>Total<br>**£**<br>£<br>**590**<br>1,377<br>**4,161**<br>2,869<br>**102**<br>-<br>**18,152**<br>19,155<br>**2,257**<br>2,170<br>**851**<br>851<br>**1,281**<br>1,510<br>**1,151**<br>177<br>**28,545**<br>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<br>Employment Allowance<br>National insurance and pension contributions<br>Average number of employees (full time equivalent)|**2020**<br>**£**<br>**27,650**<br>**(5,825)**<br>**2,933**<br>**24,759**<br>1|2019|
|---|---|---|
|||£<br>19,916<br>(3,641)<br>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. 

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



## **13. Debtors** 

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



## **14. Creditors: amounts falling due within one year** 

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



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**Parish of All Saints with Holy Trinity, Wandsworth** 

## Notes to the accounts (continued) 

## Year ended 31 December 2020 

## **15.  Funds analysis** 

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

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