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2022-12-31-accounts

CHRIST CHURCH, WEST WIMBLEDON

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2022

www.christchurch-westwimbledon.org

Charities Registration Number 1145463

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Annual Report 2022

CHRIST CHURCH, WEST WIMBLEDON

Annual Report of the Parochial Church Council for the year ended 31 December 2022

Christ Church is situated on the corner of Cottenham Park Road/Copse Hill, West Wimbledon. It is part of the Merton Deanery, within the Kingston Episcopal Area of the Diocese of Southwark.

THE PAROCHIAL CHURCH COUNCIL

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC registered with the Charity Commission during 2011, and is now a registered charity. The appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC adopts appropriate training procedures to ensure members are updated on all matters affecting the parish. Any major risks to which the PCC is exposed, as identified by the PCC members, have been reviewed and systems established to deal with those risks. The Parochial Church Council is the governing body of Christ Church and is also legally constituted as a charity and so must comply with all other charity laws.

Led by the Vicar, the PCC is the lay leadership of the church. Together they are responsible for the overall wellbeing, practical and spiritual, of the church members, and the church buildings. Note that during a vacancy the PCC is led by the Lay Chair. The PCC also has a duty to promote the mission of the church within the wider community - pastoral, evangelistic, social and ecumenical. Although some of the responsibilities are devolved to the Vicar and Churchwardens, members of the PCC have the right to be consulted, to know what is proposed, and to have the opportunity to express an opinion on it. The Vicar chairs the PCC, and also the Standing Committee to deal with business between meetings as any arises. At Christ Church the Standing Committee includes the elected officers - Churchwardens, Secretary, Treasurer and one PCC representative.

The PCC annually appoints a treasurer to manage the day-to-day finances of the parish and report to each PCC meeting. PCC members are trustees of a charity and are responsible for managing the Church’s finances. They must ensure that all funds are properly accounted for, the books properly maintained, and the PCC annual accounts inspected or audited, and formally approved by the PCC, prior to the APCM.

In law, the PCC is a body corporate. This means that it is a separate body from the people who serve on it so PCC members are not personally liable for any debts incurred by the PCC. However, the trustees do have certain responsibilities under the Charities Act. The PCC is responsible for the care and maintenance of the fabric of the church building. The PCC is required by law to meet at least four times a year, though the Christ Church PCC meets more frequently

All those regularly attending Christ Church are encouraged to register on the Electoral Roll and are reminded that they can stand for election to the PCC.

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Annual Report 2022

MEMBERSHIP

At December 2022 the following were members of the Christ Church PCC and had served from the date of the APCM 30 May 2021, unless otherwise noted:

Incumbent and Chair The Reverend Michael Burns (retired 8/1/2023)
Churchwardens Mrs Julie Grainger;
Ms Tish Mousell (also Lay Chair)
Representatives on the Deanery Synod
Elected September 2020 until May 2023		 Mr Paul Sinclair;
Miss Pat Spencer;
Two vacancies
Ex-officio (Reader)
Ex-Officio (Hall Manager)		 Mrs Felicity Banks;
Mr Stefan Bown
Elected September 2020 until May 2023 Mrs Lynda Coleman;
Mr Lyons O’Keeffe;
Mrs Mair Rabagliati;
Mrs Judy Luddington (Hon PCC Secretary);
Elected in May 2021 until May 2024 Mrs Angelina Skelton
Mrs Brenda Thurgood
Mr Charles Buyondo
*Mr Chika Nwokoye
Elected in April 2022 until May 2025 Professor Ron Barnett;
Mr John Davey (Hon PCC Treasurer);
Mrs Jane Simpson;
Mrs Sally Edmunds
Can stand for a further 3 years of office
*Can stand for a further 3 years of office

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Annual Report 2022

COMMITTEES

Standing Committee

Required by law to act on behalf of the PCC between meetings and consisting of the Vicar, Wardens, Treasurer and Secretary and one elected member (Lynda Coleman). Its meetings alternate monthly with those of the PCC, when required.

Finance Committee

Authorized to prepare a budget for the coming year, to keep a check on expenditure and, through the Treasurer and the part time paid bookkeeper, to advise the PCC of any shortfall or surplus, to keep abreast of any changes in law affecting finance and to advise on the best way to invest church funds.

Social and Fund-Raising Committee

Appointed to help arrange social events within the parish and to promote other ways of raising funds for the church and for outside giving.

These Committees report to the PCC at each meeting, as do representatives of the Deanery Synod and Churches Together in West Wimbledon. There are working groups dealing with matters such as pastoral care, the eco-congregation and other current projects. The PCC reserves to itself decisions on policy .

OTHER LEGAL & ADMINISTRATIVE INFORMATION

Parish Office: Christ Church West Wimbledon, 2 Cottenham Park Road, London SW20 0RZ email: ccparishoffice@yahoo.co.uk Bankers : CAF Bank Ltd., West Malling, Kent National Westminster Bank Plc, Wimbledon, London SW19 Independent Examiner : Mr. Kit Tollner, London SW19

AIMS

The PCC of Christ Church has the responsibility of co-operating with the incumbent, to promote in the ecclesiastical parish the whole mission of the Church, its worship, teaching and outreach, its pastoral care, its social and community programme and its ecumenical relationships. It operates with a clear emphasis on public benefit to the whole community. It also has responsibilities for the maintenance and good order of the church and hall buildings of Christ Church, situated at 2 and 2a Cottenham Park Road, London SW20 0RZ.

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Annual Report 2022

OBJECTIVES

The PCC is committed to enabling as many people as possible to worship at Christ Church and to become part of the parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can reach and involve the people of the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament and encourages us to express our faith in practical ways in our day to day living.

When planning our activities for the year, the Incumbent and PCC have considered the Charities Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Church and Hall Buildings of Christ Church to a high standard. We also take responsibility for the Health and Safety Policy and for the Safeguarding Policy for Children and Vulnerable Adults. We also comply with the General Data Protection Regulation (GDPR).

PCC REVIEW OF 2022

As at the 2022 APCM, there were 160 on the roll, of which 55 are living in the parish and 105 outside. The average weekly attendance, counted in October, was 80 adults and 12 children. Covid-19 inevitably continues to have an ongoing impact on Sunday worship and at festivals.

As reported last year, ‘stop-start’ was very much the theme of 2021 but this year, 2022, has been much more ‘full steam ahead – with caution’! As the year unfolded, many of our activities were opened up again – including our Toddler Group, Junior Church, Together on Thursday social group and our KFH youth group. Our Hall has fully re-opened with thanks to Stefan Bown, Angelina Skelton and Corinne Phillips for their ongoing supervision and to our weekend caretakers. We are grateful to Tom Theakston who kept our musical life going during 2022. Many other people contribute much to the life of Christ Church and we are glad that they have been able to assist the church once again. We are grateful to them all including our children’s group leaders, refreshment servers, altar servers, church cleaners, flower arrangers, the choir, readers, intercessors, stewards, study, book club and prayer group convenors, gardening group, grass cutters and the social events committee amongst others, as well as Bill Petch who does so many odd jobs for us. Thank you also to Paul Brazier for maintaining the website, which has been a crucial tool of communication to keep us all together in the past year and to Tish Mousell and Naomi Lowe who are currently working on a template for a new website.

We are particularly grateful to Julie Grainger and Tish Mousell as our Churchwardens. They have been absolute towers of strength and we could not do without them. Generally, our buildings remain in a good state of repair, thanks to their hard work and vigilance. We continue to be grateful to our two Readers, Farhad Hedayati and Flis Banks for their support and work for the life of the church. The whole church continues to be hugely indebted to Sara Taylor our Administrator who works tirelessly behind the scenes ensuring everything runs smoothly.

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Annual Report 2022

The PCC met every other month during 2022 and all members have worked hard: in particular we thank Judy Luddington for her work as PCC Secretary and John Davey for his work as PCC Treasurer working alongside our part-time paid bookkeeper, Margaret Hamps.

Two big projects successfully came to fruition in 2022: achieving the Silver Award as an EcoChurch and welcoming to Morden a Syrian refugee family being sponsored and supported by us for two years. A huge amount of background work went into these two imaginative initiatives and we are very grateful to Lucy Christie and Chris Larkman respectively for heading up the leadership teams who have worked extremely hard over these past years.

In November we were delighted to present six of our young people for Confirmation. All of these had been nurtured by the church since their birth – indeed five of them had been baptised at Christ Church and the sixth at a church in Mitcham. A real credit to Christ Church.

Safeguarding is a vital issue for every church to ensure proper and robust procedures are in place to care for our children and vulnerable adults and we are grateful to Jenny Tomlinson and Jane Simpson who look after this important aspect of our life for us – their formal report is below.

In all this, we should never forget that uniquely the local Church of England parish church exists for those who are not its members. It has been wonderful that the easing of Covid regulations has meant that visits to the schools and residential homes in the parish have picked up again, as well as our round of Life Events. We also play an active part in the life of the Diocese of Southwark, the Deanery of Merton and Churches Together in West Wimbledon.

Finally, one significant change to record was the announcement in October 2022 by the Reverend Michael Burns that he would be retiring on reaching his 69[th] birthday after 5½ years in the parish as Vicar of Christ Church. His last Sunday with us was on 8 January 2023. We wish him a happy retirement. The Churchwardens and the PCC are now working hard with the Archdeacon of Lambeth to move forward on the recruitment of a new Vicar. We pray that God may bless and guide us at Christ Church through whatever 2023 will bring.

SAFEGUARDING:

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults).

The Parish Safeguarding Officers (Jenny Tomlinson and Jane Simpson) report that there have been no safeguarding issues at Christ Church during 2022 and during the year Jenny reported to the PCC that she had completed the annual safeguarding parish audit, which has been submitted to the Diocese.

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Annual Report 2022

RESULTS FOR THE YEAR: FINANCIAL COMMENTARY

Unrestricted income was lower than expenditure by £24,033, producing a deficit during the year. In addition, falls in investment values on world stock markets resulted in a net loss on investments of £107,575 so funds reduced by £124,548, compared to an overall gain of £55,632 in the previous year. Total Income did rise but largely because of restricted donations. Planned giving reduced. Church hall lettings increased slightly. Church maintenance was £12,457 compared to only £3,950 in the previous year. There was also a cost of £4,200 for hall roof repairs.

RESERVES POLICY

It is the policy of the PCC to maintain a balance on General Fund which equates to approximately six month’s unrestricted income to cover emergency situations which may arise from time to time. The residual balance on General Fund and substantially all the Designated Funds are being held to provide funds for the ultimate replacement of major parts of the Church fabric that wear out, including the organ.

INVESTMENT POLICY

The investment policy of the PCC is designed to achieve an appropriate balance between growth and income, together with a diversification of risk and the retention of a degree of liquidity to meet possible emergencies. Long-term investments are made in collective funds and are split between several fund management groups. The proportion of investments held in equity based funds, fixed interest funds and deposit is kept under review. An important component of the PCC’s policy is to protect the value of the investment portfolio over the long-term from erosion by inflation. With this in mind a significant proportion of equity based investments is retained .

Approved by the Parochial Church Council on 3rd May 2023 and signed on its behalf by Judy Luddington, PCC Secretary

Judy Luddington

7

INDEPENDENT EXAMINER’S REPORT

TO THE PCC OF CHRIST CHURCH, WEST WIMBLEDON

I report on the accounts for the year ended 31 December 2022 which are set out on Pages 9 to 16.

Respective responsibilities of the Trustees and the Independent Examiner

As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination no material matters have come to my attention which give me reasonable cause to believe that in any material respect:

I have come across no other matters in connection with my examination to which attention should be drawn, in order to enable a proper understanding of the accounts to be reached.

Kit Tollner

Kit Tollner CA(SA)

Date: 3[rd] May 2023

London SW19

8

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31[st] December 2022

Note
Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
INCOME
Voluntary income
2(a)
100,607
32,774
-
Church Activities
2(b)
1,855
-
-
Activities for generating funds
2(c)
29,184
-
-
Income from investments
2(d)
13,442
-
-
Total income
145,088
32,774
-
EXPENDITURE
Church Activities
3(a)
140,598
21,714
4,000
Raising Funds
3(b)
28,523
-
-
TOTAL EXPENDITURE
169,121
21,714
4,000
NET (EXPENDITURE)
Before Investment
gains/losses
(24,033)
11,060
(4,000)
NET (LOSSES)/GAINS ON
INVESTMENTS
(107,575)
-
-
NET (EXPENDITURE)/
INCOME After Investment
gains/(losses)
(131,608)
11,060
(4,000)
Transfers between funds
9
-
-
-
NET MOVEMENT IN
FUNDS
(131,608)
11,060
(4,000)
Total Funds brought forward
9
722,792
12,687
209,000
Total funds carried forward
9
591,184
23,747
205,000		 2022
Total
£
2021
Total
£
133,381
114,896
1,855
1,820
29,184
19,426
13,442
10,658
177,862
146,800
166,312
128,591
28,523
24,254
194,835
152,845
(16,973)
(6,045)
(107,575)
61,677
(124,548)
55,632
-
-
(124,548)
55,632
944,479
888,847
819,931
944,479		 2022
Total
£
2021
Total
£
133,381
114,896
1,855
1,820
29,184
19,426
13,442
10,658
177,862
146,800
166,312
128,591
28,523
24,254
194,835
152,845
(16,973)
(6,045)
(107,575)
61,677
(124,548)
55,632
-
-
(124,548)
55,632
944,479
888,847
819,931
944,479		 2022
Total
£
2021
Total
£
133,381
114,896
1,855
1,820
29,184
19,426
13,442
10,658
177,862
146,800
166,312
128,591
28,523
24,254
194,835
152,845
(16,973)
(6,045)
(107,575)
61,677
(124,548)
55,632
-
-
(124,548)
55,632
944,479
888,847
819,931
944,479

128,591
24,254
152,845

(6,045)
61,677
55,632
55,632
888,847
944,479
(6,045)
61,677
55,632
55,632
888,847

9

BALANCE SHEET

At 31 December 2022

Notes
FIXED ASSETS
Tangible
5
Investments
6
CURRENT ASSETS
Stock
Debtors
7
Cash at bank and in hand
LIABILITIES
Creditors: amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Endowment
9
Restricted
9
Designated
9
General
9
TOTAL FUNDS		 2022
£
205,000
564,559
769,559
575
15,023
48,380
63,978
13,606
50,372
819,931
205,000
23,747
428,660
162,524
819,931		 2021
£
209,000
659,527
868,527		 2021
£
209,000
659,527		 2021
£
209,000
659,527

400
5,764
74,786
80,950
4,998
75,952
944,479
400
5,764
74,786
80,950
4,998
75,952
400
5,764
74,786

209,000
12,687
414,654
308,138
944,479

Approved by the Parochial Church Council on 3[rd] May 2023 and signed on its behalf by

Tish Mousell J F Davey Churchwarden John Davey Lay Chair Hon Treasurer

The notes on pages 10 to 16 form part of these financial statements

10

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

1 ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of the PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS 102 (2017) as the applicable accounting standards and the 2017 version of the Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

Fixed assets - Consecrated property and beneficed property of any kind is excluded from the financial statements, in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings, held by the Vicar and the churchwardens on special trust for the PCC and which require a faculty for disposal, are regarded as inalienable property unless consecrated and are not valued in the financial statements. All expenditure incurred during the year on consecrated buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the year in which it is incurred.

The church hall has been included at a deemed cost being its 1997 valuation. The building component is being depreciated over 25 years with effect from 2006.

Individual items of equipment used within the church premises with a purchase price of £5,000 or less are written off when the asset is acquired. Equipment over this purchase price will be depreciated on a straight line basis over 4 years, but no such equipment has been acquired in the last five years.

Investments - Investments are included at market value at 31 December. Brewin Dolphin Ltd, specialist investment managers providing charity services managed the church investments on a discretionary basis. The objectives set for the church portfolio are to maintain and grow the value of capital over the long term (over 10 years). The current arrangement is for income to be reinvested. Ethical investment criteria have been set within the definitions of the Church England. At the yearend investments were held within nine different funds. The total under management at the year end was £582K which included cash of £18K.

Funds - General Funds represent the funds of the PCC that are not subject to any restrictions regarding their use, and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted Funds are those funds which must be spent on specific purposes. Endowment Funds are funds where the capital must be retained. Details of the funds held, and movements during the year, are in note 9.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

Incoming Resources - Planned giving, collections and donations are recognised when received. Tax recoverable under Gift Aid is recognized when the incoming resource to which it relates is received.

Grants and legacies are accounted for when the PCC is notified of its legal entitlement, the amount due is quantifiable, and its ultimate receipt by the PCC is reasonably certain.

Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue.

Rental income from the letting of the church hall is recognised when the rental is due.

Resources Expended - Grants and donations are accounted for when paid, or when awarded if that award creates a binding or constructive obligation on the PCC. The diocesan contribution or parish share is accounted for when due.

Contingent Liabilities - Christ Church PCC has agreed to underwrite the expenses required in settling a refugee family under the terms of the Government scheme, up to a maximum of £9,000. The scheme is proceeding and funds have been raised to cover expenses so far.

11

2 INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 2022
Total		 2021
Total
£ £ £ £ £
2(a) Voluntary Income
PlannedGiving 71,166 - - 71,166 76,789
GiftAid recovered 20,560 4,061 - 24,621 19,582
Collections at services 3,529 1,031 - 4,560 4,337
Grants - 9,387 - 9,387 488
Donations, appeals, etc 5,352 18,295 - 23,647 10,060
Legacies - - - - 3,640
**Total ** 100,607 **32,774 ** - **133,381 ** 114,896
2(b) Church Activities
Sales of Parish Magazines 104 - - 104 -
Fees 1,751 - - 1,751 1,820
**Total ** 1,855 - - 1,855 1,820
2(c) Activities for
Generating Funds
Fundraising 2,150 - - 2,150 2,595
Church Hall Lettings 24,368 - - 24,368 15,269
Church Lettings 300 - - 300 -
Traidcraft sales 2,366 - - 2,366 1,562
**Total ** **29,184 ** - - **29,184 ** 19,426
2(d) Income from
Investments
Interest and dividends 13,442 - - 13,442 10,658
**Total ** 13,442 - - 13,442 10,658
Total Income 145,088 **32,774 ** - **177,862 ** 146,800

12

3 EXPENDITURE

3 EXPENDITURE
Unrestric
ted
Funds		 Restricted
Funds		 Endowment
Funds		 2022
Total		 2021
Total
£ £ £ £ £
3(a) Church Activities
Missionary & Charitable Giving 1,852 2,411 - 4,263 2,463
Ministry:Diocesanparishshare 88,000 - - 88,000 86,000
Minister’s expenses 940 - - 940 681
Church running expenses 8,027 1,400 - 9,427 7,624
Church Repairs &Maintenance 12,457 - - 12,457 3,950
Church – major repairs 2,191 - - 2,191 2,050
Bereavement Services - 400 - 400 99
Organtuning &music 3,050 - - 3,050 1,102
Cost ofservices 1,032 - - 1,032 684
Garden Project - 610 - 610 1,078
Churchyard 2,712 - - 2,712 240
OrganistFees 7,480 - - 7,480 6,810
Magazine costs 195 - - 195 -
Resettlement project - 16,893 - 16,893 -
Church Administration 4,455 - - 4,455 3,878
Parish Administrator 5,257 - - 5,257 5,107
Parish Bookkeeper 2,950 - - 2,950 2,825
Depreciationof hallbuilding - - 4,000 4,000 4,000
Total 140,598 21,714 4,000 166,312 128,591
3(b) Raising Funds
Church Hall Expenses 16,253 - - 16,253 13,286
Church Hall Major repairs 4,200 - - 4,200 3,168
Traidcraft purchases 2,078 - - 2,078 1,578
Investmentmanagementfees 5,992 - - 5,992 6,222
**Total ** 28,523 - - 28,523 **24,254 **
Total Expenditure 169,121 21,714 4,000 194,835 152,845

A further analysis of charitable giving is given in Note 10

4a) STAFF COSTS

STAFF COSTS
2022 2021
Wages and salaries £5,257 £5,107
Average no of employees 1 1

During the year the PCC had one employee (2021: 1). It also had a contract for services from a selfemployed organist/musical director.

4b) RELATED PARTIES

The Incumbent received reimbursement of travelling expenses according to Diocesan scale as well as expenses incurred on behalf of the church. No other member of the PCC received any reimbursement of personal expenses or remuneration.

13

5. TANGIBLE FIXED ASSETS

Freehold
Land£		 Freehold
Buildings £		 Total
£
Deemed Cost
1st January2022 173,000 100,000 273,000
**Depreciation **
1st January2022 - 64,000 64,000
Charge for year - 4,000 4,000
31st December 2022 - 68,000 68,000
Net Book Values
31st December 2022
31stDecember 2021		 173,000
173,000		 32,000
36,000		 205,000
209,000

Freehold land and buildings comprise the church hall. This was included as an asset in the accounts for the first time in 1997, at its then valuation of £273,000. Depreciation commenced in 2006.

6 INVESTMENTS

Investment changes

Market value at 1 January
Add: Additions in year
Less: Disposals in year
Net losses in year
 659,527
143,239
(130,632)
(107,575)		 659,527
143,239
(130,632)
(107,575)

564,559

7 DEBTORS

2022
£
Gift aid tax recoverable
4,077
Sundry debtors
10,946
15,023
8
CREDITORS – amounts falling due within one year
2022
£
Creditors for goods & services
2,567
Accruals and deferred income
9,559
Donations due to charities
1,480
13,606		 2021
£
2,673
3,091
5,764

2021
£
670
3,527
801
4,998

Creditors consist of accrued expenses and other amounts due in the normal operations of the church.

14

9 FUNDS

Church Hall Fund: This is classified as a permanent endowment reflecting the source of funds from appeals in the 1930s.

Bereavement Support Network Fund: This fund resulted from a Diocesan grant for £5,000 to set up a bereavement support network in our community. This will be expended over a number of years.

Other Restricted Funds: Other funds received for specific purposes are listed according to their specific restrictions.

Church Fabric: This Designated Fund is being accumulated to help provide for the eventual replacement or renovation of the major components of church fabric. It is not intended to cover routine maintenance and repairs.

The Organ Fund has been established to help provide for the rebuilding or replacement of the organ. This fund includes both designated and reserved funds, the latter donated specifically for this purpose.

The Traidcraft Fund represents accumulated surpluses from the Traidcraft Stall, designated to support causes in developing countries. A donation was made to Compassion in 2022.

SUMMARY OF FUND MOVEMENTS

1 Jan 2022 Net additions/ Gains/losses Gains/losses Transfers 31 Dec
FUNDS (utilizations) Investments 2022
£ £ £ £ £
Endowment
Church Hall 209,000 (4,000) - - 205,000
Total 209,000 (4,000) - - 205,000
Restricted
Bereavement Support 1,591 (399) - - 1,192
Organ Restricted 9,563 - - - 9,563
Church Toddler Group 500 - - - 500
Resettlement Project 115 11,569 - - 11,684
Garden Project 918 (610) - - 308
Work on Hall - 500 - - 500
Total 12,687 11,060 - - 23,747
Unrestricted
Designated
Church Fabric 160,525 - - 10,000 170,525
Capital Funds 193,222 - - - 193,222
Organ 60,000 - - 4,000 64,000
Traidcraft Fund 907 - 6 913
Total Designated 414,654 - - 14,006 428,660
General Fund 308,138 - (131,608) (14,006) 162,524
Total Unrestricted 722,792 - (131,608) - 591,184
Total Funds 944,479 7,060 (131,608) - 819,931
ANALYSIS OF NET General Designated Restricted Endowment Total
ASSETS BY FUND Funds Funds Funds Funds
Tangible Fixed Assets - - - 205,000 205,000
Investment Assets 144,559 420,000 - - 564,559
Net Current Assets 17,965 8,660 23,747 - 50,372
Total Net Assets 162,524 428,660 23,747 205,000 819,931

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10 CHARITABLE GIVING

Overseas
2022		 Home
2022		 Total
2022		 Total
2021
£ £ £ £
From Restricted Funds
A Rocha– Kenya 476 476 708
Bishop’sLent Call 256 - 256 466
Children’s Society - 192 192 174
Christian Aid 20 20 20
Church MissionSociety 253 - 253 318
DEC UkraineAppeal 705 - 705 -
Faith in Action - - - 100
South London Refugees - 273 273 -
Total Restricted 1,710 465 2,175 1,786
From Unrestricted Funds
ChurchesTogether in WestWimbledon - 49 49 50
Faith in Action - 644 644 314
MertonChristianCare - 644 644 313
Climate Stewards - 265 265 -
Compassion 250 - 250 -
Total Unrestricted 250 **1,602 ** **1,852 ** 677
Total Giving 1,960 2,067 4,027 2,463

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