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← The Parochial Church Council Of Christ Church West Wimbledon

2023-12-31-accounts

CHRIST CHURCH, WEST WIMBLEDON

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2023

==> picture [215 x 330] intentionally omitted <==

Vicarage 020 3597 9750

www.christchurch-westwimbledon.org Charities Registration Number 1145463

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Annual Report 2023

CHRIST CHURCH, WEST WIMBLEDON

Annual Report of the Parochial Church Council for the year ended 31 December 2023

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 2023

MEMBERSHIP

At December 2023 the following were members of the Christ Church PCC and had served from the date of the APCM 21 May 2023, unless otherwise noted:

Incumbent and Chair The Reverend Michael Burns (retired 8/1/2023)
The Reverend Lotwina Farodoye (installed
25/09/2023
Churchwardens Mrs Julie Grainger;
Ms Tish Mousell (also Lay Chair until Oct 2023)
Representatives on the Deanery Synod
Elected September 2020 until May 2023
Elected May 2023 until May 2026		 Mr Paul Sinclair; Miss Pat Spencer; two
vacancies.
Mr Paul Sinclair; Miss Pat Spencer; *Mrs Mair
Rabagliati; one vacancy
Ex-officio (Reader)
Ex-Officio (Hall Manager)		 Mrs Felicity Banks;
Mr Stefan Bown
Re-Elected in May 2023 until May 2027 Mrs Lynda Coleman;
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
Elected in May 2023 until May 2026 Sarah Hannaford KC
Chris Larkman
Can stand for a further 3 years of office
*Can stand for a further 2 years of office

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Annual Report 2023

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

Authorised 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 2023

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 encourage 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 2023

There are 158 on the roll, of which 24 are living in the parish and 134 outside. 2 have moved away to a new home, 4 have died, and there have been 4 new additions. The average weekly attendance, counted in October, was 71 adults and 10 children.

This year for the first 9 months, we were in an interregnum, and we were keen to keep up Mike’s ‘full steam ahead’ – that he reported in last years Vicar’s Report. We were able to continue to run our Toddler Group, Junior Church, Together on Thursday social group and our KFH youth group. Our Hall has got busier and busier thanks to Stefan Bown 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 2023. We are very sad he has now left. Many other people contribute much to the life of Christ Church. 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. A special thank you to Naomi Lowe who has worked hard to create our 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.

The PCC met every other month during 2023 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.

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Annual Report 2023

Two big tasks successfully came to fruition in 2023, the new Website and appointing a new Vicar. We continued to help settle our Syrian refugee family who we have been supporting for two years. We are very grateful to Chris Larkman for heading up the leadership team and the team who have worked extremely hard over the last 18 months.

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.

Mike Burns and Corinne Phillips prepared a Health and Safety report in November 2022, and much of the key parts were actioned in 2023 – which are mainly covered in the Wardens’ report. We thank Corinne for running this important area.

In all this, we should never forget that uniquely the local Church of England parish church exists for those who are not its members. We also play an active part in the life of the Diocese of Southwark, the Deanery of Merton and Churches Together in West Wimbledon.

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 three safeguarding issues arose at Christ Church during 2023, all of which were satisfactorily resolved. They were grateful for the advice of the Diocesan safeguarding team, who were very helpful and supportive. The Parish Safeguarding Officers keep the parish safeguarding policy under regular review and plan to have a formal review with the PCC in the near future.

RESULTS FOR THE YEAR: FINANCIAL COMMENTARY

Unrestricted income rose slightly to £149,600 compared to £145,088 in the previous year. Planned giving fell, but a legacy of £5,000 significantly helped. Total income fell largely because in the previous year there had been fund raising for the refugee resettlement project. Church hall lettings and dividend income increased. There was a small reduction in expenses because of a reduction in church repairs, but some projects remain under consideration because of the lack of income. Investments showed an overall increase of £21,865.The overall deficit on unrestricted funds including deprecation was £6,375.

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

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Annual Report 2023

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 . The parish does not hold any direct fossil fuel investments and will not invest in fossil fuels in the future.

Approved by the Parochial Church Council on 20 March 2024 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 2023 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: 2 April 2024

London SW19

8

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31[st] December 2023

Note
Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2023
Total
£
INCOME
Voluntary income
2(a)
98,941
10,908
-
109,849
Church Activities
2(b)
1,213
-
-
1,213
Activities for generating funds
2(c)
32,369
-
-
32,369
Income from investments
2(d)
17,077
-
-
17,077
Total income
149,600
10,908
-
160,508
EXPENDITURE
Church Activities
3(a)
139,204
7,613
4,000
150,817
Raising Funds
3(b)
27,134
-
-
27,134
TOTAL EXPENDITURE
166,338
7,613
4,000
177,951
NET (EXPENDITURE)
Before Investment
gains/losses
(16,738)
3,295
(4,000)
(17,443)
NET (LOSSES)/GAINS ON
INVESTMENTS
13,939
-
-
13,939
NET (EXPENDITURE)/
INCOME After Investment
gains/(losses)
(2,799)
3,295
(4,000)
(3,504)
Transfers between funds
9
-
-
-
-
NET MOVEMENT IN
FUNDS
(2,799)
3,295
(4,000)
(3,504)
Total Funds brought forward
9
591,184
23,747
205,000
819,931
Total funds carried forward
9
588,385
27,042
201,000
816,427		 2022
Total
£
133,381
1,855
29,184
13,442
177,862
166,312
28,523
194,835
(16,973)
(107,575)
(124,548)
-
(124,548)
944,479
819,931

9

BALANCE SHEET

At 31 December 2023


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*		 2023
£
201,000
586,424
787,424
374
8,728
27,474
36,576
7,573
29,003
816,427
201,000
27,042
442,643
145,742
816,427		 2022
£
205,000
564,559
769,559		 2022
£
205,000
564,559		 2022
£
205,000
564,559

575
15,023
48,380
63,978
13,606
50,372
819,931
575
15,023
48,380
63,978
13,606
575
15,023
48,380

50,372

205,000
23,747
428,660
162,524
819,931

Approved by the Parochial Church Council on Wednesday 20 March 2024 and signed on its behalf by

J. Grainger J F Davey
Julie Grainger John Davey
Churchwarden 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 2023

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 in more than ten different funds. The total under management at the year end was £603K which included cash of £16K.

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

11

proceeding and funds have been raised to cover expenses so far.

2 INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 2023
Total		 2022
Total
£ £ £ £ £
2(a) Voluntary Income
PlannedGiving 68,063 - - 68,063 71,166
GiftAid recovered 15,394 848 - 16,242 24,621
Collections at services 3,605 - - 3,605 4,560
Grants - - - - 9,387
Donations, appeals, etc 6,879 10,060 - 16,939 23,647
Legacies 5,000 - - 5,000 -
**Total ** 98,941 10,908 - 109,849 **133,381 **
2(b) Church Activities
Sales of Parish Magazines 7 - - 7 104
Fees 1,206 - - 1,206 1,751
**Total ** 1,213 - - 1,213 1,855
2(c) Activities for
Generating Funds
Fundraising 1,591 - - 1,591 2,150
Church Hall Lettings 27,688 - - 27,688 24,368
Church Lettings 935 - - 935 300
Traidcraft sales 2,155 - - 2,155 2,366
**Total ** 32,369 - - 32,369 **29,184 **
2(d) Income from
Investments
Interest and dividends 17,077 - - 17,077 13,442
**Total ** 17,077 - - 17,077 13,442
Total Income 149,600 10,908 - 160,508 **177,862 **

12

3 EXPENDITURE

3 EXPENDITURE
Unrestric
ted
Funds		 Restricted
Funds		 Endowment
Funds		 2023
Total		 2022
Total
£ £ £ £ £
3(a) Church Activities
Missionary & Charitable Giving 2,499 5,125 - 7,624 4,263
Ministry:Diocesanparishshare 88,158 - - 88,158 88,000
Minister’s expenses 649 - - 649 940
Church running expenses 13,480 20 - 13,500 9,427
Church Repairs &Maintenance 2,907 - - 2,907 12,457
Church – major repairs - - - - 2,191
Bereavement Services - 289 - 289 400
Organtuning &music 2,846 - - 2,846 3,050
Cost ofservices 1,835 - - 1,835 1,032
Garden Project - 143 - 143 610
Churchyard 288 - - 288 2,712
OrganistFees 7,790 200 - 7,990 7,480
Magazine costs - - - - 195
Resettlement project - 1,836 - 1,836 16,893
Church Administration 10,164 - - 10,164 4,455
Parish Administrator 5,574 - - 5,574 5,257
Parish Bookkeeper 3,014 - - 3,014 2,950
Depreciationof hallbuilding - - 4,000 4,000 4,000
Total **139,204 ** 7,613 4,000 150,817 166,312
3(b) Raising Funds
Church Hall Expenses 17,703 - - 17,703 16,253
Church Hall Major repairs 1,800 - - 1,800 4,200
Traidcraft purchases 2,021 - - 2,021 2,078
Investmentmanagementfees 5,610 - - 5,610 5,992
**Total ** **27,134 ** - - **27,134 ** 28,523
Total Expenditure 166,338 7,613 4,000 **177,951 ** 194,835

A further analysis of charitable giving is given in Note 10

4a) STAFF COSTS

STAFF COSTS
2023 2022
Wages and salaries £5,574 £5,257
Average no of employees 1 1

During the year the PCC had one employee (2023: 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. One member of the PCC received remuneration for Verger fees, according to the Diocesan scale. No other members of the PCC received any reimbursement of personal expenses or remuneration.

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5. TANGIBLE FIXED ASSETS

Freehold
Land£		 Freehold
Buildings £		 Total
£
Deemed Cost
1st January2023 173,000 100,000 273,000
**Depreciation **
1st January2023 - 68,000 68,000
Charge for year - 4,000 4,000
31st December 2023 - 72,000 72,000
Net Book Values
31st December 2023
31stDecember 2022		 173,000
173,000		 28,000
32,000		 201,000
205,000

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 564,559
Add: Additions in year 134,856
Less: Disposals in year (126,930)
Net profit in year 13,939
586,424
7
DEBTORS
Gift aid tax recoverable
Sundry debtors

8
CREDITORS – amounts falling due within one year
Creditors for goods & services
Accruals and deferred income
Donations due to charities
 2023
£
2,066
6,662
8,728

2023
£
2,957
2,656
1,960
7,573
 2022
£
4,077
10,946
15,023
2022
£
2,567
9,559
1,480
13,606		 2022
£
4,077
10,946

14

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

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 the church in 2023.

SUMMARY OF FUND MOVEMENTS

1 Jan 2023 Net additions/ Gains/losses Transfers 31 Dec
FUNDS (utilizations) Investments 2023
£ £ £ £ £
Endowment
Church Hall 205,000 (4,000) - - 201,000
Total 205,000 (4,000) - - 201,000
Restricted
Bereavement Support 1,192 (289) - - 903
Organ Restricted 9,563 - - - 9,563
Church Toddler Group 500 - - - 500
Resettlement Project 11,684 1,200 - - 12,884
Garden Project 308 694 - - 1,002
Donation for Cycle Rack - 810 - - 810
Church Choir - 300 - - 300
Foodbank - 100 - - 100
Work on Hall 500 - - - 500
Bridge 23 - 480 - - 480
Total 23,747 3,295 - - 27,042
Unrestricted
Designated
Church Fabric 170,525 - - 10,000 180,525
Capital Funds 193,222 - - - 193,222
Organ 64,000 - - 4,000 68,000
Traidcraft Fund 913 - (17) 896
Total Designated 428,660 - - 13,983 442,643
General Fund 162,524 - (2,799) (13,983) 145,742
Total Unrestricted 591,184 - (2,799) - 588,385
Total Funds 819,931 (705) (2,799) - 816,427

15

ANALYSIS OF NET General Designated Restricted Endowment Total
ASSETS BY FUND Funds Funds Funds Funds
Tangible Fixed Assets - - - 201,000 201,000
Investment Assets 143,781 442,643 - - 586,424
Net Current Assets 1,961 - 27,042 - 29,003
Total Net Assets 145,742 442,643 27,042 201,000 816,427

10 CHARITABLE GIVING

Overseas
2023		 Home
2023		 Total
2023		 Total
2022
£ £ £ £
From Restricted Funds
A Rocha– Kenya 388 388 476
Bishop’sLent Call 825 - 825 256
Children’s Society - 84 84 192
Christian Aid 20 20 20
Church MissionSociety 195 - 195 253
DEC UkraineAppeal - - - 705
Feeling theHeat - 99 99 -
South London Refugees - 400 400 273
Total Restricted 1,428 583 2,011 2,175
From Unrestricted Funds
ChurchesTogether in WestWimbledon - 25 25 49
Faith in Action - 938 938 644
MertonChristianCare - 938 938 644
Climate Stewards - 597 597 265
Compassion - - - 250
Total Unrestricted - 2,498 2,498 **1,852 **
Total Giving 1,428 **3,081 ** 4,509 4,027

16