2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Anne With St Faith, Wandsworth

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The Parish Church Council of St Anne with St Faith, Wandsworth

Aim and purpose

The Parochial Church Council has the responsibility of co-operating with the incumbent, the Revd Gordon Jeanes, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The Council seeks to serve people in the ecclesiastical parish and the area by opening to them the worship of God, instruction in the Christian faith and pastoral care and support.

Church services etc.

The PCC takes the lead with the incumbent in planning the life of the parish with an eye to the aims stated above. The ministry of the church in the community carries on, with both regular services and baptisms, marriages and funerals through which we are involved with many members of the local community. COVID restrictions severely affected events for the first part of the year. Sunday services continued initially just on Zoom. Services in church were reinstated at the beginning of August with a socially distanced congregation. The Sunday school and the popular Messy Church for pre-school children are planning to restart in 2022. Our incumbent, the Revd Gordon Jeanes, retired at the end of September and there will be an interregnum until a new appointment is made.

Community activities

We have close links with our local primary schools, especially in two Church of England schools where the vicar and a number of church members have served as foundation governors. We have good links with Wandsworth Homestart and a number of parishioners have worked in previous years with the Glass Door winter night shelter for the homeless in St Barnabas, Southfields. The quarterly lunches for older people, in partnership with the local “Community Matters”, have yet to be re-instated. Ongoing COVID restrictions also meant that our usual fundraising carol services and concerts did not happen for a second year, but we were able to celebrate Christmas with a church Carol Service and services on Christmas Eve and Christmas Day. The collection of £1150 from these services was donated to Little Village and the Neo-Natal Unit at St George’s Hospital.

St Anne’s Church and St Anne’s Church Hall

The church and hall are used for our own activities and also for a wide range of community events. The maintenance of these two buildings is a major part of our responsibilities. (In 2015 the parish was informed that the hall was in fact owned by the diocese, not the parish. After many months of discussion a lease was successfully negotiated.)

The recently completed development at the back of the church is now in use and includes a church office for the administrator, reorganised vestry, meeting room and disabled toilet. The sound system and internet facilities are fully utilised although extra equipment had to be installed to boost the Wi-Fi capability. The church is now open on three days per week as well as for Sunday services.

In addition the PCC owns a property (28 Aslett St) and the former St Faith’s Church in Ebner St which at present are applied to income generation for the purposes of the parish.

Structure, governance and management

The PCC is appointed according to the Church Representation Rules. The membership consists of the incumbent, churchwardens, Deanery Synod representatives and elected members. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006). Its Charity No. is 1144983. The PCC is responsible for decisions of all matters of general concern and importance to the parish including decisions on how the funds of the PCC are to be spent.

The PCC has nine regular meetings each year. There is also a Standing Committee which meets according to need.

PCC members who have served from 1 January to 31 December 2021 are:

Incumbent (ex officio)

The Revd Gordon Jeanes (until Sept 2021)

Churchwardens

Clare Howarth Karen Mayne

Deanery Synod Members

Pam Davies Clare Groves (until AGM 2021) Charles Mathiesen

PCC members

Margaret Cooper Maureen Edwards Duncan Faulkner Clare Groves (from AGM 2021) Julie Harrison Richard Hutchinson Andrew MacIntosh Jennifer Ripley Stephanie Schlingensiepen Marion Trelawny Liz Turner

ST ANNE'S with ST FAITH'S WANDSWORTH

Annual Report and Financial Statements

of the

Parochial Church Council

For the year ended 31 December 2021

Incumbent

Interregnum

Bank

NatWest Bank 111-117 Putney High Street London SW15 2LL

Independent Examiner

David Mel Zuydam F.C.A. The Bridge House Adderbury Oxfordshire OX17 3EW

ST ANNE'S with ST FAITH'S WANDSWORTH

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

Unrestricted Funds Note £ INCOMING RESOURCES 2,4&5 Incoming resources from donors 43,687 Other voluntary income 793 Income from operating activities 80,063 Gross income from fund raising 2,550 Income from investments 26,959 TOTAL INCOMING RESOURCES 154,052 RESOURCES EXPENDED 3&4 Costs of generating funds 873 Charitable giving 2,010 Directly relating to the work of the church 148,864 Church management and administration 5,326 TOTAL RESOURCES EXPENDED 157,073 NET INCOMING / (OUTGOING) RESOURCES (3,021) TRANSFERS Gross transfers between funds - in - Gross transfers between funds - out - GAINS / (LOSSES) ON INVESTMENTS - NET MOVEMENT IN FUNDS (3,021) BALANCES BROUGHT FORWARD AT 1 JANUARY 74,567 BALANCES CARRIED FORWARD AT 31 DECEMBER 71,545	Designated Funds £ - - - - 0 0 - - - - - 0 - - - 0 7,928 7,928	Restricted Funds £ - - - - 240 240 - - - - - 240 - - - 240 7,006 7,246	Endowment Funds £ - - - - 145 145 - - - - - 145 - - - 145 12,107 12,253	2021 2020 £ £ 43,687 72,844 793 8,890 80,063 67,318 2,550 1,385 27,344 17,899 Total Funds
				154,437 168,336
				873 952 2,010 1,057 148,864 375,002 5,326 3,948
				157,073 380,959
				(2,636) (212,623) - 152,531 - (152,531) - -
				(2,636) (212,623) 101,608 314,231
				98,972 101,608

Page 1

ST ANNE'S with ST FAITH'S WANDSWORTH

BALANCE SHEET at 31 December 2021

Note FIXED ASSETS 6 Tangible fixed assets Investments CURRENT ASSETS Short term deposits with Central Board of Finance Cash at bank and in hand General Repairs/Development Triodos Pepperpot NET ASSETS FUNDS 7 Unrestricted Designated Restricted Endowment	2021 £ 1,124 5,041 6,165 7,476 49,137 7,740 21,219 7,236 85,331 92,807 £98,972 71,545 7,928 7,246 12,253 £98,972	2020 £ 1,124 5,041
		6,165
		7,331 49,551 7,740 23,827 6,996
		88,113
		95,443
		£101,608
		74,567 7,928 7,006 12,107
		£101,608

Approved by the PCC on 22 February 2022 and signed on its behalf by

Karen Mayne

Chair

The attached notes form part of these accounts

Page 2

ST ANNE'S with ST FAITH'S PCC

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting (Amendment) Regulations 2001 together with applicable accounting standards and the Charities SORP(2015)

The financial statements have been prepared on a cash basis except for the valuation of investment assets which are shown at book value.

Funds

The General Fund represents the fund of the PCC that is not subject to any restriction regarding its use and is available for application on the general purposes of the PCC. The Repairs Fund is designated by the PCC for use on the maintenance and replacement of the church building, other, properties, furnishings and office equipment. This fund is also unrestricted.

The purpose of any restricted funds is noted in the accounts.

The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.

Incoming resources

Voluntary income and capital sources

Collections are recognised when received.

Amounts receivable under gift aid are recognised only when received.

Income tax recoverable on gift aid donations is recognised when the income is received. Grants and legacies to the PCC are accounted for when received.

Funds raised by the Summer and Christmas fairs and similar events are accounted for gross. Other income

Rental income from the letting of church premises is accounted for when received. Income from investments

Dividends and interest are accounted for when due and payable. Investment gains and losses

Realised gains or losses are recognised when investments are sold.

Resources expended

Grants

Grants and donations are accounted for when paid, or when awarded if the award creates a binding obligation on the PCC

Fixed assets

Consecrated land and buildings and moveable church furnishings

Moveable 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 unless consecrated. They are listed in the church's inventory which can be inspected (at any reasonable time).

All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off.

Other land and buildings

Other land and buildings held on behalf of the PCC for its own purposes is shown at book value. No depreciation is charged against such properties but any expenditure on maintenance or improvement is written off as incurred.

Other fixtures, fittings and office equipment

Any expenditure is written off in the period in which the asset is acquired.

Investments

Investments are shown at book value.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectible.

Short term deposits include cash on deposit either with the Central Board of Finance or at the bank.

Page 3

ST ANNE'S with ST FAITH'S WANDSWORTH

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2021

2 INCOMING RESOURCES

Fund

Unrestricted £ 28,778 7,462 607 3,397 2,116 1,327 -	Designated £ - - - - - - -	Restricted £ - - - - - - -	Endowment £ - - - - - - -
43,687	-	-	-
793 -	- -	- -	- -
793	-	-	-
4,357 10,472 44,619 5,231 - 14,300 1,085	- - - - - - -	- - - - - - -	- - - - - - -
80,063	-	-	-
2,424 126 -	- - -	- - -	- - -
2,550	-	-	-
9 26,950	0 -	240 -	145 -
26,959	0	240	145

£154,052	£0	£240	£145

Page 4

ST ANNE'S with ST FAITH'S WANDSWORTH

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2021

3 RESOURCES USED

Unrestricted £ 3(a) Charitable giving Church charities 2,010 Secular charities - 2,010 3(b) Directly relating to the work of the church Ministry: Diocesan quota 82,000 clergy expenses 550 Church : running expenses 7,877 maintenance 3,949 upkeep of services 7,466 development 11,306 Sunday School Resources - Publicity 467 Property costs: Hall 8,077 28 Aslett St. 8,190 Repairs: Church - Hall 5,650 28 Aslett St. 1,235 Utilities (Gas, Electricity, Water) 10,777 Other fee payments 1,220 Miscellaneous expenditure 100 148,864 3(c) Costs of generating funds Summer Fair 287 Traidcraft 454 Other events - 100 Club 45 Refreshments 87 873 3(d) Church management and administration Administration 4,895 Bank charges 431 5,326 TOTAL EXPENDED 157,073 NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS (3,021) 3(e) TRANSFERS BETWEEN FUNDS Investment and property income - NET INCOMING/(OUTGOING) RESOURCES (£3,021)	Designated Restricted £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 0 240 - - £0 £240 Fund	Endowment £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 145 - £145	2021 2020 £ £ 2,010 897 - 160 Total Funds	2021 2020 £ £ 2,010 897 - 160 Total Funds
			2,010	1,057
			82,000 550 7,877 3,949 7,466 11,306 - 467 8,077 8,190 - 5,650 1,235 10,777 1,220 100	82,000 645 7,823 2,777 5,944 243,471 - 245 5,881 6,713 2,621 - 5,417 10,806 660 -
			148,864	375,002
			287 454 - 45 87	20 106 - 740 86
			873	952
			4,895 431	3,453 495
			5,326	3,948

			157,073	380,959
			(2,636) -	14,288 -
			(£2,636)	(£212,623)

Page 5

ST ANNE'S with ST FAITH'S WANDSWORTH

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2021

4 RESTRICTED FUNDS

Pepperpot Campaign

4(a) INCOMING RESOURCES

Income from investments Dividends and interest TOTAL INCOMING RESOURCES 4(b) RESOURCES USED Upkeep of services Bank Charges TOTAL RESOURCES EXPENDED	2021 £ 240 240 - - £0	2020 £ 250
		250
		507 -
		£507

The Pepperpot Campaign was set up in 1991 to clean and restore the exterior of the church, restore the organ and re-order the chancel.

5 ENDOWMENT FUNDS 5(a) Carolyn Baldry Memorial Fund 5(b) DE Brooking Fund 5(c) Garratt Lane Infants School 5(d) Stephens Bequest Total 2020	Income from investments £ 1 1 1 143 £145	Resources used £ - - - -
		-

The income from the Carolyn Baldry Memorial Fund is to assist members of the church youth groups so that they may take part in planned activities.

The income from DE Brooking Fund is used to provide flowers in church.

The income from Garratt Lane Infants School is used for educational purposes, in particular, Sunday school.

The income from Stephens Bequest is used for the exterior maintenance of the church.

6 FIXED ASSETS FOR USE BY THE PCC

6(a) Freehold land and buildings At book value This comprises the curate's house at 28 It is let as investment property. 6(b) Investments Garratt Lane Infant's School £2,500 3 1/2% War Loan Stephen's Bequest 238 CBF Investment Units	2021 2020 £ £ 1,124 1,124 Aslett Street, London SW18. 2021 2020 £ £ 2,125 2,125 2,916 2,916 £5,041 £5,041	2020 £ 1,124
		£5,041

This comprises the curate's house at 28 Aslett Street, London SW18. It is let as investment property.

Page 6

ST ANNE'S with ST FAITH'S WANDSWORTH

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2021

7 FUNDS

Unrestricted General Fund Repairs Fund Restricted Pepperpot Campaign Endowment Funds Carolyn Baldry Memorial Fund Garratt Lane Infants School Stephens Bequest DE Brooking Fund	2021 2020 £ £ 71,545 74,567 7,928 7,928 79,473 82,494 7,246 7,006 2,399 2,398 3,135 3,134 5,261 5,119 1,458 1,457 12,253 12,107 £98,972 £101,608

Page 7

Independent Examiner’s Report to the PCC of St Anne’s Church Wandsworth

This report on the accounts of the PCC for the year ended 31 December 2021, which are set out on pages 1 to 7, is in respect of an examination carried out under the Church Accounting Regulations 2006 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘the Act’).

Respective responsibilities of the PCC and the examiner

As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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 41 of the Act; and
To prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations 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 Mel Zuydam F.C.A. The Bridge House Adderbury Oxfordshire OX17 3EW

Independent Examiner’s Report to the PCC of St Anne’s Church Wandsworth

Respective responsibilities of the PCC and the examiner

Basis of this report

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 41 of the Act; and
To prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations 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 Mel Zuydam F.C.A. The Bridge House Adderbury Oxfordshire OX17 3EW