PARISH OF WANDSWORTH ALL SAINTS with HOLY TRINITY WANDSWORTH ANNUAL PAROCIIIAL CHURCH MEETING INCORPORATING ANNUAL VESTRY MEETING ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity number 1143840 Parish of All Saints with Holv Trinity, Wands)Trortb Annual report and financial statements 2024 Contents ObjectÈves and activities Structsr¢, governance. alld Ma￿g£[￿￿t Responsibilities of the PCC for fipancial matte Electordl Roll Offiw'5 report and church attcndance PCC Secr¢tary's rep)rt Deanery Synod report Safeguarding report Fabric report Vi¢ar's r¢port Financial review 12 Independent F,xaminer's report 13 Fijwicid StAtrm¢nts AdmiDi%tr¥tive illformatM> Thc Parish of All Saints with Holy Trinity Waudsi¥ortb compFiSC5 thc following ¢bu￿bes. All Saints Church, Wandsworth High Streel, London SW18 b. Holy Trinity Churcb. Webt Hill, London SW19 All collespondence concthiing the parish should be dir¢cied to.. Th¢ Parish Offi Holy Trinity Church Centre Bcaumont Road tA)ndon SW19 6SP Tel.. O?0 8788 4( Eniail.. oifL¢e@wan&%wortb.ehurch AdYi5ers: Bankerx.. Santander UK plc. Bootle. Merseyside, L30 4GB CAF Bank ?5 Kings Hill Avenue. Kings Hill. W'est Malling. Kent, ME19 4JQ Soliciiors.. Ru5sel1-C￿ke LLP. 2 Puthey Hill. Puthey. tmdon. SWI 5 6AB Parish of All Saints with Holv Trinity, Wandsworth Objectives and actlvities The primary objec( of the Parochial Church Cowicil IPCC) of the Ec£lesiastkcal Parish of All Saints with Holy Trinity. WancL8worth I'Parish of Wandsworth,) within the Dio¢esi of Southwark is thc promotion of thc Gospcl of our Lord Jcsus Chn"st as uniqu¢ly rei'cal¢d ill thv Holy Scriptu￿¥ and srt lurtb in the catholic ￿eds, alld in aL¢ordanr¢ with th¢ historic doctrines and practices of the Church of Enoland as laid out in the 39 Articles of Religioo the Book of Common Prayer and the Ordinal. In ￿¢0[dance with the Paroc￿.81 Church Councils (Powers) Ue&sure 1956. thc PCC has the rcgwnsibility of owTrting with the incumbcnt in promoting ID the eccl¢si&sucal parish the whol¢ mission of the Church, pastotal. evangclislic, S￿La1 and etumenieal. The PCC also has responsibiliry for managing the income arising from propeny and invcstsnents and the costs of maintaining the fabric of the parish's hisioric ch￿cheS and other propertie5. The tnis5ion statement of the Parith is ' To knowjesus Chris¢ and to make Him known,. When planning activities, the incumbent and the PCC have conside￿d ihe CharÈty CottuDission's guidan¢e OD public benefit and th¢ speckfjc guidance otk chanties for th¢ advancement of religion. Accordingly. the incumbent and PCC seek to achieve the Parish's mission through activities such as". Regular public worship open ￿ all Pastoral work. including visiting the sick and thc bereaved Teaching people to follow Jesus Chri51 through sernions, courses, and small gTDUPS f. Thc PTOVi5i(m of youth and childrell s clubs alld activities tcachillg Chri￿l#ll docttine and lifestyle ¥. Promoting th¢ whol¢ mission of the Church through &tivities for a rangc of special groups from senior Citizens toddlers Making tb¢ parish's buildÈngs available for the use ofthe loca] commwiity iD¢ludiug scbools, browlies. musicians and other such groupb Supporting other charities in the UK and over5¢aS The achievernenrs aThd performance in the year tre sel syJt in the Vscar's Report, suppleTnented bj other indiNrydual retx)rts, below. Structure? governance and management The PCC is a corporate body esthblished by the Church of England. li operdies under the Paro¢hial Church Cour￿lIS (Powers) M¢a8ure 1956 (as ameDded) and is ffgistered with the Charity Commisston under charity nutnber 1143840. Memb¢rs of tlie PCC are ¢ither ¢x officio or el￿ted by the Anftual Parochial Chwrh Mecting (APCM) in accordance with the Church Representation Rules. PCC M¢mbeT5 are elccted for a period of thTee yeats al the APCM. Similarly. reprcsentativcs for th¢ Deanery S)mo(L who are a150 automatically appointed to the PCC. aEe elected at the same time. Churchwardens are elected for a peri(NJ of OD¢ yeaT at ihe AnTJual Vestry Meeting. The following bave served as PCC members and tsustees during 2024 and to the date of this rqK) Revd David Simpson*#l3 As50ciale ivinisler ReTrd Andy O'Brien" ChJtrchMwdeA DaTrÉel JoncsT# Paul ASh￿.0rth# Carl Ilughes Paul Tucker# Gary Catpcntcrt Jeremv Cnm]plÈn (until 24 April 2024) Nick Bisso Kimghech Llly John Sailer Jane C.aTpent Nicola Taylor Clare Bliss (from 24 April *024) Olaniyi Ogunsina (until 24 April 2024) Hannah Ridley (until 24 April 2024) Vicky Hill Robert Dickin50n- Sergey Fedichkin Vicur Er Officio ElecrÉd PCC members SYR(￿￿£￿bery..'DWnery..'DI￿eyQrt.' *MemberoJprrisk staffrE￿rn #Mwnbvi.of￿ap¥￿1￿g Commillee Parish of .41] Saints with Holv Trinity, WandsiTrorth Structure, governance and management (contd) A]ma P¥itchard, th¢ Parash Oper&iions Manager serves as thc Electoral Koll Officer and allends meetings of the Standing C.ommittc¢. PCC committees During 2024, th¢ PCC also opcrnted through the Siandillg Committee ks rcqiiired by la￿. and detailed in Chwch Representation Rules (2017)- This committee bdw'e¢n full mcetings of the PCC. K'ith COm￿ls1110n of Vicar, the ChuTchwardeTJX, the Tre&8urer and wch other m¢EnbeT8 as are appointed by the PCC. Responsibilities of the PCC for financial matters The PCC is responsible for preparing the Annual Report and the financial staiernents in accordwKe with applicable l&w and United Kingdom Accounting Standards (Unitcd KinEdoffl Gcnerdlly Accepted Accounting Prnctice). The law applicable to charilies in EThgiand and Walcs requircs Irustees to prepa￿ fitWKio1 stsiem¢nts for each f￿ancial year which give a twe and fair viesv of the stste of affairs of th¢ chariry and of th¢ income and expcnditure of the charity for that period. In preparing these financial statements, the trus*es are requited to.. select suitsble accourkting policics thell apply them consistently. obscTve thc methods and principlcs in Ihe Cbaritses Sthtement of RccornmeTKied Practice 2015. mak¢ judgments and estimat¢s tbat are reasonable and prudent. stale whether applicable accowiting staDdards have FKen lollowed. subjcci to any malctial departur¢s disclosed and explained in the finaneiAI st8￿mentS. prepaie ihc financial statcments oll the going Cl￿tern basis it IS IDaPPTopriate to assume that the charity will continue in operation. The members of the PCC are respoDsible for keeping proper accounling re¢ords which, at an) time, disclaqe w'ith reasonable accuracy th¢ financial position of the PCC and which cnable them ￿ ensurc thai the finaDci&I stateFnents comply with the Charities Act 2011 and ihe Church Accounting Re(Fulalions 2006. TIKY are also responsible for s&feguardiDg the &sseLS of the PCC and hence for tskiDg reasonable sieps for ihe prevention alld detection of fraud and other irtegularitics. Electoral Roll Otricer's Report and Church Attendance (Anna Pritcbard) UDder the Church R¢prescniation Rules (Part l). a new Elccloral Roll is Tequ]red kn be prcpared ev¢ry six y¢ars. This Wa5 required in 2019 a])d so it was catTied out again in April 2025. The El¢ctordl Roll currently compnses 102 parishionas comparnl to last year's 87 parishioncrs including both thosc who worship at Holy Trinity {"HT') and All Salnts {-AS-). The numbe¥5 for 20?3 do not include those att¢ykdiDg for All Saints. The total number of individua]s currently on our church datsbase is 382. We havc 283 adults, l 87 (HT). 96 (AS) and 99 Childre￿ 62 (HT) and 37 (AS}- I4'e have rcmoi'ed 22 members who hai¢ moved away. 10 adults and 2 children (HT) alld 6 adLdts 4 cknldren (AS). I member (Etr) has The a%ffig¢ nUM￿rS ofadults attcnding thc principal setviccs in the Parish during thc year are Set oui in the tablc below. The averdgc number of attendees for the 9am seThice has remained the same from 7 in 2023 to 7 in 2024. Tbe average attendance for the 10.30arn sctviccs has increased from 57 in 2023 to 87 2024. 2024 2023 2022 zozi Traditional Church 10.30am Morning Church 57 69 61 Total Ayetage Weekly Attendance Christmas Attendqnce (includes Carol SeTrice. Chrisim&s Eve and Cbristm&s Da services Eabter Attendance (includes Good Friday and Easter Sunda Servic& 115 171 121 74 82 123 Parish of .411 Saints with Holi, Trinity, WandS￿Orth PCC Seeretary's Report (Paul Ashworth) The PCC mei six ¢imeb duting ?0ry4. The SiandÉno Commiitee met Tnonthty.. except in Augusi. A new Fabric Committec constituted during thc year. Following the APCM in May 2024, TJQ secretsry was appoiThte& ratherthe wardens asswned r¢sponsibility. The most important items of business was $latSng for thc parish, fijrthcr to appointment of David &s Vicar in 2023. and the property defe£ts 411 All Saints and the a&sociated financin More routine business discu&s¢d duriDg the yearincluded: - The annual budget. including th¢ payment to the Diocesan PaTisb Supwrt FuT]d', - The general fmancial sttuatiO]L - Reviewing Sunday services and other ministries: - The developing r¢lationship with Chrhst Church and theiT use of All Sai￿1$. - Safeguarding and DBS checking" - Review and approval of various tx)li¢ie4 - The commercial lelting of the house at 74 Haldon R(wl. in the abse￿¢ of a curate" and - Various property issueg ai HolyTriDity. Deanery Synod Reporl (Jane Carpenter) The Dea￿ry Synod acts as an intermediary ￿tween parish PCCS and lh¢ Diocesan Synod It is also a place Ivhere mission activiti¢S can be made knovm across the Deanery for mutual encouragernenl and learnirlg. Deanery Synod members act as the ¢lectoTate for elections to Diocesan SyntMI and General Synod. There was a eleclion to ihe House of Laity of Diocesan Svn(rfl the course of 2024. The Deallery Syt]od conststs of all the IAceT]sed clergy in the Deanery and lay people eI￿led by the p2rishts at th¢ir Annual Parish Church Meeting (APCM). Since our ?094 APCM. your represcntstives on the tkanery Syno( in addition to the vicar, haye been Robert DickinsotF, ca[￿nter and Gary CaT￿ter. Carl Hughes is also a member by virtu¢ of his position on General Synoli Thc n)le5 ofDeancry Synod 12y Cbair and TEeaSUr￿ of Synod have temained vacant since last ycar. Thc Synod met three titnes in 2024 The fusi meeting of 2024 was held on 6 February. at Si Paul's Wimbledon Pa￿5&d¢. The main b￿81￿¢￿ was a presentation by The Revd Dr Nathan Eddy (Co-Director of the National Cowicil of Christians and J¢ws} and Rabbi Adrian Schell (Wimbledovl SyDago¢we) in the ligbi of th¢ Hama&lIsra¢l conflict and repcreussions on the Jewish commwiity in the UK. Cburches werc cncouro8ed to supwrt all ¢omllkUrriti¢s in the fa¢e of rising anlisemktism and Islamophobid. On 20 June, the annual Summei social was heldat St Mary's Putney and we heard about the v40rk that Glass D￿r does using cburches in thc DeaThe¥J' as Digbt shelte￿. We hosted the Synod Ourselv￿ at Holy Ttiniiy 13 Noi'imbcr wher¢ the Area Degn. Rev John Whittaker. led a discusskon on issues regatding assisied dying and euthanasia. Safeguarding (Nicola Taylor & Karen Ashworth) SafebFuardiTr¥ is ei'eryone's rcsponsibiliry, and we thke our reswnsibilities for safeguatding Childten and vulnerabl¢ adults in church very. scriously. The PCC approvcd the Parish Safeguardillg Policy and Domestic Abuse Policy on 20 Maj ?024. on our wetrfiite. Safeguarding is a standing item on our PCC for discu&sing safeguarding concerns or updates. The Parish Safeguarding Officers, our nem. Kid's 110￿er, Musir Minister. and Youth t£ad have all complcted the Dsocese of Soiithwatk Leadership Safe￿larding Course. Holy Trinity voluntÉ%ts wbo have direct Contact with childTen or vulnerable a(lulLs have a DBS. which is re¢beck¢d every 3 years. Our volunteers a]so complete thc Basic alld Founddtion Safeguarding couises, whicl) are both online. We are grnte￿I to OUT ￿'OlUntee[s WIM) faIthfi￿lY SUp￿tt our childTen's groups and parlsh visits. Parish of All Saints with Holv Trinity, Wandsi*orth A Safe ChuTch (Southwavk Diocesan Safeguarding Policies and PriKedur¢s) is available oTEline ai https'.1150uthwarkangii¢an.OTyJsafcguarding'dio¢esaD-poli¢ies-proceduresl If you have any saf¢guarding concerns or queries regardino a child or adult. please don't hesitatc to contad the Parish Safrguarding Officers, The Church Lead¢Eship Tea[￿ or the Diocesan Safeguarding Team. Fabric Report (Paul Ashworth & DaDiel JoDes- Churchwardens) As a parish. we aT¢ responsible for thc repair 2nd rnaintetlancc of both of our churches, the properties which we own (74 Haldon Road and the Holy TriDiry Churcb Centse) and aS￿ts ofthe Maill￿￿1¢e ofthe Nicarage (which is ovrned by the Diocc5e). As sel out in the financial statements. we incurred the following property Telated costs during 2074.. .Note 10- maintenance of churches and properties - £340.805 (2023 - £270,518) Thesc PToperty-relat¢d costs incwred duting 2024 were domi[Ea￿d by All Saints Church major f&bric repaits of £323.673 (2022 £254,792) from a total project cost estilnated at circa £650,(MM). This can i* split into three major phases". 11 Poi¢h.. The repair to th¢ porcM following a collision by a car. was circa £55,000 and was covered by insurance. This is Tkow complete. -} Nvater Ingress: Tlistoricall), significani water 5ngress damage idcntified from thc North and South Aisle Fast pardpets into th¢ church. These have been causing serious issucg within the church: including rotting timber structurc alld falling plasleripaint. This is covcred by the currcnt contsacted worL making the building securc from furthcr rnirl damage. This is now substantially c1)mpl£t￿ with f￿al South Aislc parap¢i due to bc Lompleted by April 2025. J} Tinjber bwns above colu[[￿15. W¢ identified decaying limbets which were OD lop of ibe main columns within the church. For this we had to close the church last summer to secure the building. on the arcbitect's insiniction. Subsequentlv we installed sI￿1r1cant scaffolding in thc building to make it secure and the congregation havc beeD able to use half the building from Sepi¢mber. A temporary faculty was received from the di(Kese and the steel beam which encases the original iimbir has bcen installed. ThÉs is noTh' completed and the majority of intern scaffolding removed from November. enabling all to be used again. These cos15 are limited to making the building safe and being able to remove the scaffold5ng, with limited restoration of the plasteTWOTk. They do noi incorwbrdie the fitLII pltsse of the redeNelopment and refurbishment of All Saiuts Chuwh comprising internal redecorntion and refiubishMent of thc entranccs, navc, chancel and gallerics- con5trnction of an exta￿10￿ to provide mole toilei facilities- and extetual redecordiion. This final phase will uliiTnately dependent uEx>n rdising signif1&2nt funds, including from grant-making bodies. ID addiliow th¢ ¢osts inCUr￿d r6l&ting to subswitthl works during the year were &$ follows: Holy Trinhty Chwch- clearing gutters. fixing of lights in rn#in chu￿h, repairs to sink, disbwasher. guard rail. sump rootn drn.ning and ongoing Teview Church Centte- Toilets, and ongoing lift mainteDance, office (IooTS Haldon Road - Kitchen floothoard5. ceiiiDg crdcks aDd paÉnting various rooms, bathwom ¢xtra¢tor fan and lop floor bedroom windows All Saill15 Church- R¢pla¢¢mcDt of the external noti¢¢FM)Jtds alld signag¢ Unfortunat¢ly, the property mamienance "io do. li¥L riniain5 Icnsthy and there are £everal fi]rther matters that n¢¢d io be addThed in 2025 and b¢yoniL Future WO￿ whicb we intend to undettoke include the f(Fllowing.' Planning ongoing dwing 2025: .All Saint8- repair of electriLS and associatrd lighting in the main church .Addrcssing mattcts raised thc Quillqueanial Church Inspcctiots Reports fn)m our ccclcsiasu¢al ar¢hitects. In th¢ longer tcm, we expcct to ￿dCrtakt the following.. .Refihfoishtnent or replacement of the B￿hSteIn boudoir grond piano at Holy Trinity Church {s¢parate tund established) .Un(ktPiDrriftg of the chancel and apse at A]1 Saints Church and ￿landSCapIng of the churchyard Ito b¢ undertaken in conjunction with thc Wand9WOrth Regenerntion PmjecL if it pnK¢eds) Many thanks to thc maintenance t￿M and all thosc who tmrticipated ID the maintenance days, particularly John Sailor AJ DurrdILI. Parish of .41] Saints with Holv Trinity, Wandswortb Vicar's Report (David Simpson) Matthcw 28..18-20- . All authority in hcavcn and on earth has bccn giv¢ll to mc. Thercfore go and m8ke disciplts of all nations, baptising them in th¢ nam¢ of the Fathcr and of thc Son ana of the Holy SpiriL and teaching thcm to obey ev¢rything I have commanded you. And surely l am with you always. to the very end orth¢ age." Writing this report causes much joy &$ it's a chance to r¢flect on all G(xl has don¢ in th¢ past y¢ar and a chance to look ahead to where God is leading us as a church. The Great Commission reminds us that our fwus mllst always b¢ outtvard- sharing the gospel, Tt]8king disciples, and tsusting in Cl)rist's presence as we go. This vision has shaped much of oui miDi¥try ovei the past year cuntillues lo guidc our fvture. Worship & Ministry Our Sunday s¢rvices have continucd to develop over the last year. Sunday attendance has remained steady, but we have Ixcn particularly encouraged by the growth in Kids. Church, which is a sign of new life and engagement among younger familie5. Staffing h&8 been an area of change. We welcomcd Jercmy Porter a5 our new m￿s]C Mintstrr in No*ember and tAura PorteT as our Kids Worker -both of whom haiFe broughi energy and excellcnce to their roles. In Decem￿r. Anna Priichard jolned us as our new 0￿rationS Martager. brlnging fresb initiative. energy and dedication to the team. EarlieI ID the y¢ar we said goodbye to Ollie Butliti lovr ordiDand) and Amy Bliss {our Church Administralor), both of whom have served faithfull). over toany Ye￿5. We hdive also seen ¢hangc in the congregatt.on body. A number of longstandillg me¥nl*rs of the congrcgatiOVL have sadly pa&8ed away. whilst other n]embcts of the Co￿gregatIon l]ave left Wondsworth. We have also had the joy of s¢eing somc join the conwgation and get baptised (7 baptisms in 2024). Pastoral Care and chanccs for fe110Th5hip ha&e continucd to bc an important part of the church life. Midweck, our Growth GTOUPS remain a key part of discipleship and fellowsbip. though we recognise the ne¢d to strengthen and support them fi]rtber. With this in mind, we look fon¥ard to more ÉD-depth trdilling for Growth Group leaders in tlie SunM]er ternL of 2024 For me. a key sign of th¢ IkEalth of our church family is the pmportson of peoplo in Gr0￿rth Groups. These x¥e vital for supp)rting one another and helping each otber gro￿ in our Christian faith. There have been some wonderful chances for fellowship at church lunches, BBQS and other meals throughout the year. Mission & Outreach Our outward focus ab a rhurch has continued lo grow. ￿h{K)I Cpgag¢￿ent has ¢xpnded with assemblies taking plac¢ in Thultiple local schools. At Christmas. we were able to deliveT 550 hampers to families in ned, thanks to a fantssti paTtner5hip with All Saints Wand5WOrth, th¢ Wand5WOrth Conknined Chariti¢s, IA>ve YourN¢ighbour and Ii)cal busincssx. A key highlight W8s th¢ return of our Kids. Holiday Club, wkn.ch saw 35 childrcn and 8 te¢EIagc￿ tak¢ part. Tkn"s was a fantaslic opportullity to strengthett our link5 With local families and intr(Mluce th¢m to the gospel and the church family. Additionally, our Tots srvup coniiELues to thri%'E, thith 50-60 toddlerq and 40 athllts attending each Monday. We bave also n]n 2 Alpha courses and started a Youth Group. Buildings & Finall¢e A particular challenge this year was ihe rotten bc3m issue in All Saints. building, bul we give thank5 for (h)d's Tniraculous provision resolving this. We ar¢ also incredibly Efdtrful foi th£ faith￿1 servic¢ of Gary Carpenter, who is stepp&ng down after thirtcen years of service a5 Treasurer, and Dan Jones, who has served as Warden for thc past two y¢as5. Rt has FK¢n a joy to hear thai Christ Cburch All Saints have bcen thTiving arLd growing in thc midst of the disEuptiOJ) Caus￿ by the repair works Looking Abead We aTC ¢uuently cngaged in a teliew of our cburch's mI￿10n and purpose, wbich bas ￿en a forus of our Lent Course and will continue with the nev¢ PCC in the SuTnmer. This is a significant moment 10 seek God's direction for the next 3-5 yeaT5, ensuring ihat we rclnain a churLh commii*d to making disciples, Ixith within and beyond ourparish. Parish of AU Saints with Holv TriDitJ', Wandsworth I want to reeognise thai this last year h85 been a period of more change- change that is ￿n￿]￿ble when a new vicar comes. Many of you have given fealback. and I would like to thaDk you for takiD¥ the trouble - Thhethcr at specific feedback scssions or tnore ad ￿￿. It mealls you care. I will rtev￿ get everythiDg righi, nor please "all the people all of the time" but l i¥ant to reassute you that all of your feedback- posktive or consttuctively negative- is givell duc cDnsideTaiion by both me as vicaT and moTe broadly by the PCC. Thank you lo everyone who has serve& prayed and contributed in so TT]any ways this past year. As we mov¢ forward, n)ay we contillue io k¢ep our eyes on Jesus. in His guidance, and step out in faith as we follow His call. Rev. Das'id Simpson Parish of All Saints with Holv Trinity, NVandsTrTrorth Financial Review (Gary Cary¢nter) The financial statements presented with this report for ihe year ellded 31 December 2024 comprise the income and ¢xptDditutr the a&%¢ts and liabilitits vlth¢ Parksh of All Saints with Huly Trinity. W￿￿S￿Orth. The income, expenditure, a&sets aT￿ liabilities of the Parish 8re accounted for within restti¢ted and unr¢stri¢fed funds which are detailcd in Note 16 to thc annual financial statcments. The rLstri¢ted funds comprise amowits dO￿a￿d io the Parisb foE specific putFrf)ses and the expenditure on the projects to which they relate. Thc unrestricted funds comprise the G¢nernl Fund and designatcd fuTrJs: The General Fund is uscd for the g¢neral ministy of the PaTisIL The d￿lE￿￿ted funds atc mollies put aside by the PCC for SPEcific purposes and comprise thc following: The Mi&¥ion Giving FuDd represents the PCC'S thcision to ciynmit w providing for th¢ support of mission activity outside the Patish ts> thc amount of 5Y• of its unrestrictcd dkrcct giving incotne and aSs￿lated tsx recoicry. The Fixed Asset Fund Tepresents the FA)ok value of the PCC'S tsDgible fixed assets as these are r¢sour¢es which are not readily availabl¢ for the Pcc's other gencrdl PUTPOS¢S. The Memorial Fund comprises I¢￿cl¢S left io the Parish by Attn Joslin. Myra Joncs and Nina Herbert in 2021 to ?024. This fund bas IK¢n used ￿ part fund the rq)airworks at All Saints wsth the balance set aside to be used for specific projeet oTprojects in thc legators, memory. These projccts have Dotyet been dct¢rniiiied. Sttttemenl Fin&ncialAdivilies Once again, the financial yw has been don)inaied by the stThcwral works requwed at All Saints Churc￿ incurring costs of £323,673 in addition to the £254.792 S￿￿t in the ptev10￿ ycar. The cost of the *ork5 have becn partly met by the rcceiptof graDts from thc Ben¢fact Trust (£4 ?50). Ilents. Smith Chan"ty (£20,(N)O). Young & Co (£5.0001 and thc Nauonal Churchcs Trust (£16,000) for which we are very gratefijl. Il'e have also r￿Cl¥ed funds froll) the Listed Places of Worship Grdnt Scheme from which we have be¢n able to obtsin recovery of rclated fv"AT. The balance of the costs have iKen paÈd by our Gelleral Fund. utilssiyjg £197.0(K) from the ￿e￿orial Fund. Th¢ first sthge of the repai￿ bas no￿￿ been COiDpleted enabling the building to be used fu]ly again, but the second stage to repair plasterwork and roofing will incur a fi]rthcr considerable sutn in 2025. We ¢onlinue to seck help from ￿l-n￿l￿g tY)dies but anticipate that we will ne¢d to meet these costs subsrantially ourselves. This will depend on decisions as to Ii'hat remedi21 and d￿oratiN'e work should Ix undertak¢n but is unlikcl). to cxceed £IIKJ.000. No ptovisioo lor thesc costs has been madc in the accounts to Drtember 2024. The amount of £197,000 that has been transfeT￿d from the Memorial Fund 10 the Gcneral Fund is sutficÈent to ensure that we hav¢ fre¢ reserves approximalely equivalent to our iargct level of three moThths' gerffil costs and le&ves £219,455 ayailable in the Memorial Fwids. The other significant ev¢Thi th¢ ttvruitm¢nt ofthe ChJldreD'S ￿TOrker ind Wotship Leader. This has iKen financed by some generous gifts and the balance of the Christian Workd Fund brought foThar& Haldon Road h&s I commercially dclivering £36,456 of rentsl income. Totsl income for the year of £501,920 was lower than the previo￿8 year's £578,497, which included substantial legacy income. This iDcomc reflc¢És only the financial supp)rt pn)vided by church mernlKTs and no ailempt 15 made to put a financial Yalue on the hugc amount of timc. energy aDd ialents provided volwitarily. The PCC conlinue5 lo be grateful for thc gen¢r05ity of church members for this supp)rt. Total expenditure in 2024 was £557,321 (?023: £456,03n. Mthich was £233.648 (2023= £201245) excluding the All SaiTrts repairs. The net efft¢t w&£ a decrease in ￿ndS held by £55.401 (20?3: I￿rease £l?2.4fA)). Parish of .4ll Saints ￿1th Holy Trinity, Wandsw'orth Unrestricted Funds General Fund The accuTnulated Genenl Futkd balance increased by £29,826 tn the year to a total of £56.084. However, this wa5 sI￿￿fICan￿Y helped by the transfer of £197,(￿ (tom th¢ Memorial Fund to help pa￿ for the All Saints repaits. Total incomc to thc General Fund was £270,2 15 (2023.. £263.280). 3Yi up on the pnor year. Total expelldkture in the Genernl Fund was £429,749 (2023: £310.451). Cos(s cxcluding the chargc for All Saints repairs wcr¢ £188.615, IOQ/o up on 2023's £171,215. The amount cotLt[ib￿td to the Diocesan Parish SuptM)rt Fund was £84.000 (2023: £80,IKM)) atld we Increas￿ swd on ministy suptKlrt costs refleciing the higher levels of acti%'ity oiler ihe year. b. Missiort Giving Fund IA accordance with the PCC'S policy. a ttansfer from the GeneTa] Fund of 50/0 (2023.. 5Q/o) of unrestricted diTtct giving income and ass(Kiated t&x reliefhas been made. amounting ￿ £7,363 {2023: £7.076). Grnnts and gifts A'ere made totalling £9.428 {2023.. 5,21K)) inclttdtng the pa)ment of £2.OIM) allocated to Theophany (Pwl Mansarayl which had been delaycd from 2023 pcnding con)pban¢e requireo]ents. L499 is availablc for allocatton in futurc yeaE5. r. Memorial Funds Th¢re were some final payments of residuary lega¢ies amountÉng to £24.938 in the year brin.t*ing the total fund to £410,455. The PCC resolved to ttansfer £197.11(Kl of this to the General Fund to supw>rt the All Saints reptiffirs bill. The PCC bas deter￿Ined that these mollies shou5d Dol be relied upon to meet the P￿iSh.5 day4(Hlay Cxpenditure but used for specific but &$ y¢t undeteTmin¢d projccts in their Tnemory. Thcse decisio￿￿ will not ￿ made until the final position (rfthe tUndll￿ of the All Saints rcpairs bas become clearer. Ther¢ is a balance of £219.455 in the ac¢ount. Restrirted Funds The restricted funds are set out in Note 16 to thc accounts. Income for the Christian Workw5 Fund during 2024 of £90.955 {2023: £4.800) was due to generous gifts for the support of the Children'q Worker and Il'oE5hip LLad¢r wbo startcd th'ith us in October. The balance of the fimd Ca￿led fotward of £128.496 (2023.. £47.429), in addktion to pledged ￿fiS in ibe con)ing years, M'ill be required to pay for these tHro posts for the remainder of & three year tcmi. Th¢re were a numErr of gifts given for $￿cIfiC purposes - maiDly th¢ Christmas hamper5 {£7.468), music and audio visual equipment I£IO.O(K>), equipment for Triniry Tots (£3.600), vicardgc equipment (£2.0￿), and production of devotional books (£5,130). Whete nol spent these funds are LaTtied lotward Èo meei fulurc L4)sts. We remain gpateful forthe continued support of Wand5WOrth Combined Charities. NiDds Twst and Putney United Gospel Society who supported the Parish with grnnts to(alling £9,th)O for the Christian Worker Fund and for the Christnias hampers. Btsl*TnCé shpetrtftdcoYhJ70M. The Parish had net assets of £842,573 ai 31 December 2024 (2023.. £897.974). This decrease largely refleets the costs of the All Saints rcpaiTS offset by the restrict¢d fijnds giTr¢n for the ministry &S5iStaDts. The Lash b#lallce h&s jnLre￿ed by £166.40712023: Ikcrv&ge of £23.878) ttl £489,487, muinly due lu the ￿ceIpt of a £175.0(M) legacy accounted for LS a receivable in the previous y&v. This seems a large amount but £167.170 (2023.. £81.443) of thi5 money is set as&de for th¢ purrN)ses of thc restticted Funds aod £219,455 (20?3- £216,571) for tbc Memori&l Funds. The c&gh balance aTrAailable to the General Fu￿] is £10? 363 (2023-. £25.066}. Some £40,000 of this was r¢quircd in January and Fcbrnary 2025 to scttle liabilities relating to the All Saints repair project and others. Looking ahead The PCC has estsblished a rcserves policy that seeks lo target a General Fund balance equal to three n)onths' Cxpect expenditu￿, which is £56,OW according to the 2025 Financial Plan. The balance of the Fund ai 31 D¢cetnber 2024 is on targct thanks to the transfer ftom the M¢morial Fund. io Parish of .411 Saints with Holv Trinity, Wandsi*orth The financial plan for 2025 foresees a continuation of the Current level of diTecl giving and provides for expeDditur¢ levels. in the Genernl Fund £30,(K)O higher than ?024. of which £5.0￿ is due to cbildr¢n's WOTk needing ￿ be paid for out of the General Fund this year rather than a restrictcd fi￿d brought fotward. We have also incr&￿ed the contingency for repaÉrs by £19.000. This budget predicts a small sutplvs o￿traIl. However, we are conscious that £36.[K￿ of the incotne is pr(>vided by letting out Haldon Road, a prop¢rry that is intended to bouse ministy stsff in the future and we do not wani io be¢oÈne so dependent up)n its income that itprevenL5 us using it for its intended piirIN)se. We are bopefvl that, ID the short and medium tenn, the church family's giving will incrcase to coirer the gap. The degree of uncertainty around the costs of. and anv associafrd grdnt IDcome related io, the repair wo￿$ at All Saints has diminished but is still not yet Ily knoThTr. The Memorial Funds rq)reselli a welcomc saf¢guard wbile tbis situatton plays OUL We are grdtefid to our generous G(wJ as, once again in 20?4, we have bccn able to increase n)ission 2nd ministy ￿tIvIty in tbe Parhsh despit¢ dealing witb tbc unforesecn builditi￿ works. Wc can be cunfident that. as we act as responsible stewatds of the gilts He bas given us, He will coDtinu¢ to provide for the church to His glory in 2025 and beyond. The PCC remaitLS very apprcciative of the generous gifts math by many in th¢ chuEeb family. The issue of the Annual Retrf)rt is a good time tor membeTS of the church famil) to considercarcfvlly again theirsw)port for the gospel WO￿ herc through regular. committe( tax-eifi¢ient giving so may l encourage you to do sog May l also take this opp)Itunity to remind jou. if you have not written a will or re￿ieWed il rccently, w do so and lo consider leaYAng a gift in your ￿111 to the cburch? The c¥idellce of the last fe￿ years shows how trJnsfom)ational a legacy can be and Ibis is a practical way of 5howitig grdÈitude ￿ God for all the blessings we bav¢ enjoyed during our lives. Puul Ashm'orth urthwarthn DunielJoncg Cburchwarthn David Simpson Vicar li Parish of All Saints ilith Holv Trioity. IVands%*orth INDEPENDENT EXAMtNER'S REPORT To the Parochial chi￿ch 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 1.% re.srM)n.siblc fDr thc preparaiitsn of the accf>unts. The Parochial Q'hurch Council con%idcr thai an audit is not r¥quired for thi) vear under 5eciion 144 of rh¢ Chariiies Aci 2011 {Ihe Ch2rities Acti and (hat an ind¢pendent CAaminalion is necded. It is my rL%p)n>ibility: Éo examine thc dcLounis undL"r seLiion 145 of thc Chariiies ACL tn follow the procediires latd dowm in the gen¢rnl Dircciion5 giN'cn b) the Charity Commis.4i(Trn (under .qeclion 14i{Sllbi ofthe Charities ACLI. and lo %tate whcihcr particular mattets havL' U)Tnc lo my atteniith. Basis of Independeot Examiner's statement I hdVL IXdmillLxl ihL aLLuunlb for Lh¢ yLar endcd 31 DL'LetntKT 2024 SL'I oul on pa&TCb 13 10 27. My C￿MInal1Vn wtlb caTTied oul in accordance H-ith gcneral Dir¢ctiorLS gi%'¢n bv ihc Charity Commission. An examinativn includLS a rcvieii. of lh¥ accounting records kepr by rl)e charity, and a compar150n of rhe accounts PTesenicd ￿'Ith those rectsids. li also iiicIL￿LS consideraiiun of any uTrUs￿l items or disLIosuTes in the accounts. and seeks explanations from the trustc cnncemin&7 any Sllch matter4. The procidures UT)dertaken dt) not proi'ide all the e&idence thai would he Ttqliired in an audit. and consequentl} no opinion i.% given &% to wh¢ther the accounts. present a 'mic and fair. view and the rcpon is litnitcd to ihosc mattcTS scl i)ut ID the statcm¢ni bclow. Independent Examiner'5 Statement In connection w'ith my cxamination, no maiter has come ￿ my attention which giveb rcason&blL Lausc tu bLlie¥'e that ID. any TTJatirial r￿￿PL￿( i4c requirenk"nts: io ke¢p 8¢couniing recoids Ln i¢¢ordanck w'ith SCCLion 130 of the Chariues.4c(' aThJ to preprting ]xri(xl Ipgr the Sffatemeni of Financial Acliwlies) Adjusimellts for. Depreciation clthrges Income from inv£stmellts Decreasel (increase) in debw Tncreasel (decrease) in credll Net cash generated byl (used in) op%atiiJg actiTrilies (143.964) 8&563 ($5,401) 122,460 1,610 (18268) (150,972) 3.024 1,350 (50,801) 178247 46.734 (￿,801) 17S841 4&734 (2.406) 31.566 86.157 117.723 (42.146) (b) Anotysis of 21ll4 Restricted fifft UorEslJicied f￿dS Totsl To￿7 135 542 1,663 321.417 323.080 Cash ID ha￿1 On dewTrsit at bank Total 321,910 167.035 167.170 48&945 489,487 The not&s on paw 16 to 27 fomipart of thcse statUSLent& 15 Parish of All Saints with Holv Trinity, NVandsTrTrorth Notes to the accounts Year ended 31 December 2024 l. Accounting policies (a) Bttsis ofprePt7r￿lQft 4TssesTheW olgoiTrg concern Th¢ financial statetnents bave been prepared under the bistoriul cost convention aNI in aecordallce with th¢ Ststement of Recommended P￿11¢¢. Accounting and Reponing by Chari¢ies: applicable 10 cIMFities preparing theit finan¢idl statemenfs accordance with the Financial RqM)rting SLindatd appliLable in the UK and Republic of trelaTrd (FRS 1021 and tk Charilies Act 2011. The Parisb m¢ets the thfinition of a public Tr*nefft eNity wider FRS 102. The Parochial ChuTcb CowKil ("PCC"} ¢onsid¢rs Ibat iherc arc nts material unc¢rtaintie5 about the Parish's ability to continue as a going coJK¢rn. With rtspect to the next rep)rting perio(L the m(Kt significani areas of unc¢rtainry that affect the Parish's finaticial coThliiion are the Continuing level of don3ti0nb recrived frotn Lhuzcb memb¢rs' aDd Othe￿ and the level ofexpendiiure r¢qusred to be illLurred to rqmir the All Saint5 church building. Ib) UnrestrictedfuFth repTesent the fvnds of the PCC that are ￿0t subject to any constraints regaTding their use alld are av8ilable for the general pwposes of the PCC. Thes¢ include fullds desigDaied for a particular purpose by thc PCC which ar¢ described fillth¢i in Note l6. RLJ.FiriLtedfvnd.% repr¢sent donatio￿5 or grdnts received for a s￿lf$C objed or invited by the PCC for a specific object. These fi￿dS may only b¢ expeuded on the specific object for ￿1¢￿ they were ￿ve Details of the reslDCted are tffovid¢d in NO￿ 16. The financÉal statements include all tra￿￿011S, &ssets and liabilkties f￿ which the PCC is ￿5￿Ls￿ble in law. Th¢y do niA includ¢ the fillancial statements of chwch griw)s that owe an affiliation to another body. nor those that arc Mfor￿al gathcrings of church members. DotthtlOIls and legacies recognÉsed when the t￿ltIe￿ent to the w)nornic benefit has passed to the PCC and its rnoneiary call be meaS￿d reliablv. Arnix2nts re£¢ivable ullder fom)s of planned giviDg are only reeognised when received from the donor. Grdllts and legacies are accoullted for wben entitlement is ￿011ficI the amoullt receivable is quantifiable and its Uklin￿te recerpl is ixobabl¢. Jn¢ome recovernble on dDDations ￿Ven under Gift Aid is ttcognIs￿ at the time of the donation. (dl Other in£ome Rental LDcoJne from the l¢tting of church ptunises and other tK(y£rti¢5 is accThLlltd for when receivable. R¢ntal income from HaliLoD Road is shovm Det of tkn 3gentg' ftes, which ar¢ charged at a fixed perccntagc of gr05s rellt. Inierest income 15 a¢countcd for when a￿. Parochial fees due io the PCC f(r weddings and fuDera15 are XC{￿nted f(K at the tifflc of the evenL ]Dsurance proceed5 are accowited for when t￿ltIe￿eTrt is and the monetary value Can be Jeasured reliably. 16 Parish of All Saints with Holy Trinity, Wandsworth Notes to the accounts (continued) Year ended 31 December 2024 i. Accounting policies (continued) {eJ Church g-rpendtsure Costs ar¢ accounted for wh¢n incutEed Paym¢llis lo the Dioc¢5e of Southwark Parish Support Fund are accounted foT when due. These payments are I'oluntary CO￿nbUl￿OnS to cover the ¢05ts of elergy SiipetM15. bou5ing and tsaining, as well as (Aher di0¢￿an costs. Fired assets The frechold prop¢rty ai 74 Haldon Roa( own¢d by the PCC prirnarily for the ac¢onunodation of staff, but reTrfed out commercially when otkrwise vacant. is shown al ¢0st. This ¢oTnprists the original Cost of purchase plus the cosis of improvemen(s. including associaied wofessional fLXE. This property is not depreciated but its value is reNTrewed peri(Mlically by the PCC io deterEnine wbdher any ￿￿te of sts carrying value is iequited The PCC also the frtthold ofthe Holv Trinity Church Centse. adjacent to Iloly Trinity Church. This property is included in the at C05L tcing a nimninal amouTrt of £1. Con￿c[al£6 and beneficed proF*rties ate remoied fnmn definition of chatity u￿lef Section I￿2x￿) and (cl of the Charities Act ?01 l and therefore ikne asseL% are exclu(bJ from the financial statements. The PCC IctOiTIS Tes￿nSibIlIty for maintailling thesc propatscs and so costs incvrrcd by th¢ PCC for the repair. maintenanc¢ or improvement of ih¢5e assets are chatged io the income and expend"Lture account Church fiLI)islMngs held by the i'icar and churchwardeDs on special tr￿%[ for the PCC and which require a faculty for disposal are accouttted fur as inalÈwble priwLy aThl also excluded frorn the financial statetThents. All eApenditure illcutred on The purchase or imwov¢ment of iDdiNidual assets acq￿[red at a cosi generally Icss than £l,O(M), or on the or maitttenaJKe of chwcb building5 and fittings, is expensed in thc year in whs.ch it is incurred. Other ituns of office equipn]ent and chuEth assets are rttorded 3t C05t and are deprcciatcd over their ¢X￿ed usefikl liv&$ at foll Office equipment - photocopser. compulers: ttlephone system. office fixtiire5 and fittings rch &ssets . 20 years 17 Parish of .411 Saints with Holv Trinity. WandsTr*orth Notes to the accounts (continued) Year ended 31 December 2024 2014 Rcstricwl ?023 Totsi Unrestricted Total Regular giving - bankels onkr - Chan"ties Aid Foundation aod similartax-efficient fornts of ￿vIng Parish Giving Scheme . ￿her Collcclions. incluthTJg gfts in envelope scbeme Grants (Note (a)) L¢gaciGS Other doTJations ]ncome taxrwoverable under Gift .4id 3S782 59.870 34,632 1.150 55.4 29.234 7.021 3Jll 55,4011 29,234 7,021 3J¥6 105,059 24.938 147J70 25,594 59,100 6.224 2.053 16A.786 175.000 13.046 16,600 75 105.089 24,938 50,473 22,(￿8 96.897 3.496 (a} Jn 2023. ￿S included £1 15.556 fromtbe Church Estates Chatity. the tA￿teS of whj'ch are th¢ vicar and ardens. Income frominYtstmcn15 2023 Totsl unrestri￿ Restnctcd Total I￿VeS1￿C￿t incom¢ donated by the Church E&'i8les Chatity Bank irkiertst (gros5) Other interest Propety inctKn¢ 6.976 3.580 140 14.544 43.746 50.801 Incoffle rEceived from the Chllich &Qates Cbaritv is aC￿oUnted foi as investment income as the trustees of that charity have detCTmined ih&t it5 iftNe$mient inc(xne V¥ill be ps5¢d to the PCC by way of doThation and is th¢refor¢ more characterislic of investslletrt inco0￿ than of grant It￿OMe. 43.746 4. Aucome Ir0￿¢1￿11￿b1e *£tiyitie5 2023 Ullr¢stri¢Led Totsl 203 791 674 791 674 Fu￿￿15 Weddings and EAnTLS Hire ofpTOWties Holy Trinity Church Centre Church busldings and curtilage 6,610 9230 17JilS 4.691 7,028 12.782 6.610 9230 17.305 S. I￿Sur*￿et proceeds In the course of 202), piocccds of £50,768 V4crc rcceiird fromthc Parisb's in5uras ID resTKd of a claim for the damage done to ponb of All Saints Church. 18 Parish of All Saints with Holy Trinity, Wandsi*orth Notes to the accounts (continued) Year cnded 31 December 2024 6. Analysis of expenditsre on charitable actiirities 2024 UnTrstiicw RestriLtsJ fi]nd funds Tothl Not Grants aDd gifts to individuals and otber organisatio EXpcnth"t￿EC on th¢ Partsh's ministy Direct minisiry s￿p￿rt CC6ts Church and rninisty exwditswe Maintenattce of churches and wperties 10 C.hutch athninibtrati(m 9,428 lo.￿8 6.355 131508 256297 34.589 429,749 439.177 13.853 14.451 84.508 20.208 14A959 340,8115 39.811 547,783 557J21 7,937 123,750 270.518 43.224 445.429 456.037 118,034 118.144 Total expenditure on ¢harttable acthvities 7. Grxnls ￿dgIfts to individu41s #ndother orpoisations Z024 burestricw Restric*d fuD(Ls 21Y23 Totsl Tot*1 Theoplwiy Teens CAre thterDational (S￿PartI1[g Paul Mart$&r￿) Peter Ka￿a￿ - Kenya New GTOWth fvb"llistries Royal Hospital for N¢urodisability ChaplaÈ]Ky(') Open Doors Tearfund Church of England Ev&ngeli¢al Council {'} WaDdsworth Prison Chap1aÉ￿Y Christ Church at All Sa2nts { } Nathat) Prior- ministry apprenticeship ( London City Mtssion PLK)r Fund grants Total * RelL71ed wrtiÈS.' Geoffery Coyne. a previiMES Mern￿r of tb¢ PCC who resiglled OD 27 March 2023: is the chaplain at the Royal Hospithl for Neur￿J1￿1￿.ty. A member of th¢ PCC, Call Hugbe& is a member of councsl of the Chlltch of Englat]d Evang¢lical Council. The sellior pasloT at cbrI￿ Church is Andrew 0'Bri¢￿ who 15 m¢mber of the PLf. Nathan Prior is the son of the pr¢vious Vicat. who resigned on 3 Deccmber 2022. 1728 2.0( i(M) 5,408 9,428 110 9.S38 10.d)8 8. Dlre£t mlDi$try 5UPPOrt costs 2024 Unrestrictcd RestTickd filnds funds 2023 Totsl Books attd tr￿ts 25 25 247 Alph8 CQUESes Events ChuTch gtOVPS Christmas hampers provided to kmnsbl￿ll5 Youth and ¢hildren's ministy Total 1.623 3.802 392 1.613 3,8112 392 5.479 8Jlk7 2D,Z08 1,641 427 5,479 8.374 13.853 i13 1.158 6,355 19 Parish of All Saints with Holv Trinity, wands￿Orth Notes to the accounts (continued) Year ended 31 December 2024 Cbureh ministry expenditure 21124 Rcstricted funds 2023 Total UnrestrÈctcd funds Tot&1 Dioc¢san Parish Support Ftmd Vicar's and statTexpenses Rccrultmcnt and Tclocation costs (N￿e(a)) Ministry Assistants RemunerAtion Chi]rch and church property expenses Cleaning DepreciatioD ofchurcb assets Electricity {Note (b)) Ga8 INote(b)) . IDsurancc Rate8 and water Fire and intruder ai8rn1 Music, organ and pianos Subscriptions and sundry donations Other Total 84.(X)O 84.000 3.664 977 80.000 603 1,709 977 8.910 &910 2.113 9,356 78 3.001 11.985 14.466 1,327 1.805 1.289 9J56 78 8,845 78 3,517 7,148 13,469 2,452 1,331 1,411 60 1.014 3.1101 11.985 14.466 .327 1,805 5,853 4.564 1,537 1,537 (a) 2023 includes interregnumcosts (b) Ga5 and electricity costs exclude costs relating to All Saints Church as these are borne direcily by Christ Church at All Saints. 10. Maintenanee orchurc1￿5 And properties 2024 Restricted fiin(ts 2023 Total UDrestrirted fimds Tot*1 Rep31rs 3ndmaintenance All Saints Church - major fabric repairs All Saints Church - ￿her Holy TriDlty ChutLh Wandsworth Vicarng¢ - 74 Haldon Riyad Lift tllaiTJtenance Routine sff¥icing and mainienance (NO￿ (a)) 241.134 687 82.539 323,673 254.792 6,087 498 7.737 7.737 1.819 1.819 523 618 673 3.106 -250 297_ 673 3,256 150 (a) Routipe smicÉng and maintenante includcs costs relating to lighthing condurtors. appliances aEhd emcrgcncy b"ghtin& extinguishcrs and rclated risk aSS￿M¢￿tS and similar. 20 Parish of .411 Saints with Holv Trinity, NVandsi*orth Notes to the accounts (continued) Year ended 31 December 2024 I l. Churcb *dminÉstrgtion 2024 UDtestric*d Resttiued fuDd fimds 2023 Total TIAal Printing, stauoaery, ￿￿tage and sQ￿lieS Parish office l¢lephone and broadband PaTish office equipment Parith adn)inistrator remulleEatiiMI Professional fees Depreciation of othce P￿bIl￿tY and wd)site costs Licences and sub5CriPti(Yis Otber Tot81 5,132 5978 4,751 10,193 2,525 22 22.789 4,757 27.262 21262 1.532 1.534 2.091 138 12T2 617 1372 617 2,1 2,1￿? 34589 5222 39,811 43.224 P[r)fession￿ fees include all amount paid of £1.920 to the ]nde￿NIent ExatDiw (2023.. £1.770). 12. £0sts Employee costs included in notes 9 and l l a￿ve comwise the followin 20 21Y23 3￿264 (1336) 3344 31,172 24,237 (1.798} Salari Ernployment allowan¢e Naiional i]]swancc and peDsion eonttibutioLs 24,(X>l AYcragL nthnbcr of employees Employees exeludc ib¢ Vicar and. in 2023. thc Cutat4 wkne remuncrdh.on is paid by the Dioc¢se. 21 Parish of All Saints with Holy Trinity Wandsworth Notes to the accounts (continued) Year ended 31 December 2024 13. T￿￿gI￿le fixed assets Unrestricied funds FTechold property noies laj.(b) a)urch assets F4UiPTt]ent Total Cost At l January" 2024 AddiiKyns Disposab At 31 tkcenkner 2024 )94.816 9i.8i6 1117 ?71) 94,702 492,717 2,117 (3.271) 491563 394,816 2,IMi Depreeiation At l JanuaTr 2024 CTharg¢ lor the year Disposals At 31 DeCe￿I)er 2024 (1.919) (78) {94.681) (1.272) 196,600) (lJ50) 3271 (94,679) (1.9971 (92.682) r4et Book Value At l JanuaTr. 2024 394.816 At31 DeCem￿r 2024 394816 (a) The frechold propert!. at 74 Haldon Road is accounted for at original cost of acquisiiion plus the costs of the e￿enSIOn and rcfurbishnEnt incurred in 2021 and 20V_ (includhno pn)fessional f¢es}. (b) Additional freehold propertN'. includfftg Hol). Trintt> CThurch ccn¢￿. adjacent Éo klolj. -frinit)' (thurch (iihich is held &t cosi at a nominal anY)unt of£ l)- is held in iTUSt for the PCC bv the South LDndon Church I'und and South￿?1* Dio¢esan PA)ard of Finance. 126 48 1.175 2,020 396,117 396,884 14. Delrtors 2024 Restricted tunds Unrcslricted nds Totsl Taxrecoverable Accounts recciTr able l£gacics reccivable prepay￿£￿1$ Totsl 4.780 4.IM6 494 5274 6,946 4.098 8.7(M) 17i,(KK) 1,587 189.38) lJ24 13.$44 -3?4 11.OiO 2.494 15. Creifitors: amounts falling the iTrithin one vear 2024 Rcsirictcd funds ?023 Total Lnrestricted nds Total Accounts payabk Other accruals Total 2J23 55,019 57J42 772 9.836 10,608 5).019 221Page Parish of All Saints with Holy Trinity Wandsivorth Notes to the accounts (continued) Year ended 31 December 2024 16. Funth analysis Note l January ?024 m0ven￿ntS during 2024 Trdnsfers Inco Ewenditure 31 Decemlxr 2024 Unrestricted fllnits C¢neral Fund Designated Funds 26.245 189J(K) 270.275 (429,749) 56,071 Fixed Asset Fund (a) Mission CIv￿g Fund (b) Meny)rial Funds (c) 396.117 2.)64 )91.517 7W,198 767 7.363 [l97.￿x}) (188.870) 396384 499 219,455 616,838 672,909 {9:428) 24,938 ?95.21 J (9,428) (439.1771 Totsl unrestricted fllnds Restricted fund% Christian Workers (d) All Saints repairs (c) Bells (fj Parish N4ission (g) Wandsi%'orth Mission {h) tkvotional nMterials (i) Christ thurch at All Saints (i) Music, A V and staging equtpnEnt (k) l.loty' Trinit¥. Piano (l) Youth & Children's Work (m) Seniors inistry (n) Parish olwandsivorth Poor Fund (o) Other specific gifts and collections Total restricted fuDds 47,429 ,955 2.629 3(K> 7.468 (9.888) (82.6?9) {liO) (5.479) 128,496 7,317 508 i7 (78) 550 7,467 1,989 57 (508) 78 (5:1)0) 550 10.(XK) (4,565) 10.435 JO,542 8.042 2.eA9 149) 7.497 70 5.725 (8,374) 2,490 7,457 181 169,664 (40) {1:889) (118,144) 81.)31 2(kn.707 842573 Totsl fuDds 897.974 501.92 (557J21) The General Fund is available lor all pU￿oseS of the Parish. Design#ted Fun(15 are those fvnds set aside tor a partKular pU￿oS￿ bK' thc PLE. Th¢J Co[￿[1￿￿. (al lThe Fixrd Asset Fund represents ihe Trct book value of the PCCS assets which arc resources that are not rcadily available for the PCCS oihcr oeneral purposes. (b) The PCC has resolvcd that 5Q/o of unresÉricied regular direct giving (inctuding t&xreG0￿tr￿') in 2024 (20?3= 5 % } should be allocated to enernal missK)n organisatK)ns or individuals, accounted for as a designated fund. (c) The PCC has resolved that thc leoacies left to the parish Ann Joslin. Mi j'ra Jones and Nina Hethert in 2021 to 2024 shollld be sel asidc in a fund d¢sioDated to bc used for projcGi or projects in ihcir nrTTK)tv. Sonr of Ihe All Saints structural repairs hai e been funded bv Ihese n￿nIeS but other p￿jeCtS have yel lo be dcterniined. Conlintsed onpage 24 23 IPage Parish of All Saints with Holy Trinity Wandsworth Notes to the accounts (continued) Year ended 31 December 2024 16. Funds analysis {continued) Restritted Funds have been established from JrK)nies received fiumthe Parish's special appeals, grants: specific colleciions and donations for specifK purposes. They comprise:_ (d) Funds donated and grants received to fjnance the etTyk)y￿£ni of tninistrv assisiants. (e) &ants rcceived for thc purpose of the structurdl repair WO￿ carried out on All Saints ChU￿h building. (O Funds for the support of belkrin?ing in the Parish. (g) The Par￿h Mission Fund brouEht forli'ard ¢omprise5 funds from SouthThark Dk)cese for the pU￿Ose of mission in the Wandsworth tkaneTh. These iiere u(ised for childrcn's outreach events this )'ear. G2nts and donations hai e been reccived tn thc l.ear for the purpose of providing Christtnas hampers to resident5 in the Parish. (h) The Wandsworth Mission Fund comprises receipis from other Lhurches in Wandsworth w,hich, together with the PCCS contribulion: are spent on Mfandsworth mission ei'ents. (i) &anis have becn receiNed to fund the produclion of deioiional book wotcrials. (i) Funds received the PCC Irom third partie5 for the support of the ministry, ofThrist Church at All Saints. (k) Funds have been ￿CeIVed tor the purpose of upgrading the music, AIV and staging of Holy 'frinity Church. (l) Monies collected for the renoi'atK>n of the Bechstcin grand piano at Holw Trinit)". church. {tn) Funds for the work of mission and tninislry anK)ngst y.outh and children. (n) Fund5 donated for the work of missK)n to. and pastoral care of: senior citizcns in ihe Parish. (o) The Parish of Wandsworth Poor Fund s objcctii'e is Éhe reliefof the poor of the Parish of111 andsm'orth. The Parish ot wands￿'0rth Poor Fund was established in February 199) pursuant to thc ii'inding up ofthe followino charitics: Vjscouni St. John Charits" (reg d. charit) number 25i709)=. Sir H. St. John Charit).. (25i708)' EA. Horne Charit), (251251)" tAJ Bouisson or Lving in CTharitv (2i0332}' and Marion Barker (harity (2iOJ31). 241Page Parish of All Saints with Holy Trinity Wandsworth Notes to the accounts (continued) Year ended 31 December 2024 17. Compratiie inforwtion (a) Statement of fllMncial activities Year ended 31 December 202) 2023 Restri¢ied funds 2022 Total Unre5tticted funds Total Income Voluntary ￿cOMe Income from investmtnis Inco￿￿ from chariiablc a¢tivities Lnsurnnce pro¢eeds T(rtal income Fxt*nditiirÈ rharitshle grtiiitie. Notes 356.486 18.244 496,679 18268 12.782 50,768 578.497 373.025 11.055 24 50.768 438.280 140217 410.210 (315.6il) (140:J86) {456,037) (2(M).381) (169) 122,460 209.829 Net income Transfers beiwcen funds iyet moTrtment in fund4 Fun(L% at I￿gi￿ning of year Fund5 al end of year 121629 16 1?2.6?9 69i.814 816.44J (169) 81.7(M) 81.531 122A60 77)514 897,974 209.829 56i,68i 77i.i14 16 (b) Balance sheet Year ended 31 DeceM1￿r 2023 2023 Untestricled Resirictcd funds fijnds 2022 Total Totsi Notes Fixedassets Freehold land and buildings (hhcr tangible tixed assets Total fixed assets Current assets Ikbtors Cash at bankand in hand 13 13 394,816 394016 iJoi 396.117 394.816 1911 397.727 396.117 14 88 81.443 81.)31 189J85 323.080 512,46) 38,413 346.958 385.J71 241.637 Totsl CUrre￿t #ssets Current lialxlities Credikors= attK)unt5 falling due Ivithin one Jcar Neteurrentassets 15 (lo.(￿>8) 420.3?6 (10,608) 501,857 (1.584) 377,787 81.531 Total net assets 816.44J 81.iil 897,974 77i.514 The funds of the Parish Restriclld funds Unrcstricted funds C£neral funds tksignated fiinds Totsl ￿ndS 16 8J531 81,71M) 16 16 16 26245 790,198 897,974 78.882 614.932 77i.514 790.198 816.44i 81.531 25 IPage Parish of All Saints with Holy Trinity Wandsworth Notes to the accounts (continued) Year ended 31 December 2024 17. COM￿)ratI￿ information (continued) (c) Statement of cash flows Year ended 31 December 2023 2023 Restricted funds 202? Total Unrcsirictcd funds Totsi Notes Cash l]oths from oFrating #ctiTrities: Net cash (used iny generated by operating activities Cash flow5 from inNEsting ￿tIllties: Capital ejpenditure IncOll￿ frotn InveSt￿ntS (a) (41788) 642 (42,146) 171,3(M) (2.819) 8.055 18,268 18244 24 Change in casb in the year Trans fers between funds Cash at l January {24,544) (23878) 176.536 346.958 170,422 266.181 80.777 346.958 Cash at 31 December Ib) ?41.6J7 323,080 (2) Reconciliation of llet IDcomel (ex￿￿￿t￿re) to net c￿h flo￿ from 0￿rating actiiryties 2023 Restricted nds 2022 Total Unrestricted nds Totsl 209.829 Net Incon￿ for the reporting perKJd (per ike SiLyiemenl ofl.'inaneial Aclii'ilies) Adjusttnents for- Depreciation charges InconE froTn inveslr(Knts (Inc¥easey decrease kw) drbLof5 In¢reasel (decrease) in creditors Net cash {used l / gencrated b operating aotivities (b) Analysis of easb 122.629 (169) 122,460 1107 1.610 1,610 118268 (150,972> 3,024 (18.244) (151.%97) 3.114 (24) 925 (g)) (8.055) (25,312) 17.269) (42.788) 642 (42,146> 171.31KJ 2023 Restricied funds 2022 Total Unrcstricted nds Total 1.498 165 ,663 321,417 323,080 1.270 345.688 346.9)$ Cash in hand On deposit ai bank Total 240.lJ9 81,278 81.M3 241.6J7 261Page Parish of All Saints with Holy Trinity Wandswortb Notes to the accounts (continued) Year ended 31 December 2024 17 CompratiTrT information {continued) (d) Funds ana]ysi% Year ended 31 December 2023 l January 2023 Moven*nis duting 2023 Transfers EN)enditure 31 DeCem￿r 2023 Unrestricted funds C£nernl Fund Designated Funds 78.8[2 (i.4661 263.280 (310.451) 26245 Fixed Asset Fund Mission Gi'fftg Fund Me￿nal Funds (1.610) 7,076 396.117 2564 391,517 790,198 816,443 688 (5.2W) 216.i17 175.QK)O 175.lYX> 614.932 5.466 (i.2(K)I (315:6il) Totsl unrestrictsd funds Restrictedfun 69i.814 438.?80 Chrislian W0￿erS Bel]s 4&811 7,418 (4,182) {252) {4,464) 47.429 7J17 508 Deanetv MissK)n Wandsm'orth MissK)n Parish MinistTy Fund Christ Church at All Saints Holy TriniiTr' Piano Youth w.ork Seniors Minislry Parish of Wandsworth Poor Fund All Sainis repairs Other specific gifts and ¢olleciN)ns Totsl restritted funds 57 57 14.320 (9.J98} {5:408) 4,922 550 5.050 7.630 412 8,042 2,649 2,490 7,497 3.77) (1.126) 2.4￿) 7,497 115.556 (I li,556) 70 70 81_7(Xl 140.217 (140,386) 81531 TO￿ fun 775514 578,497 (456.037) 897,974 See note 16 for a description ofthe funds. 27 | Page