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← The Parochial Church Council Of Christ Church West Wimbledon

2024-12-31-accounts

CHRIST CHURCH, WEST WIMBLEDON

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2024

Vicarage office:

Telephone 0203 597 9750

www.christchurch-westwimbledon.org Charities Registration Number 1145463

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Annual Report 2024

CHRIST CHURCH, WEST WIMBLEDON

Annual Report of the Parochial Church Council for the year ended 31 December 2024

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 2024

MEMBERSHIP

At December 2024 the following were members of the Christ Church PCC and had served from the date of the APCM 30 May 2024, unless otherwise noted:

Vicar and Chair The Reverend Lotwina Farodoye
Churchwardens *Ms Tish Mousell (also Lay Chair)
Representatives on the Deanery Synod
Ex – Officio on PCC		 Miss Pat Spencer
Mair Rabagliati
Ex-officio (Reader)
Ex-Officio (Hall Manager)		 Mrs Felicity Banks
Mr Stefan Bown
Elected May 2023 until May 2026 Mrs Lynda Coleman;
Ms Sarah Hannaford
*Mr Chris Larkman
Elected in May 2024 until May 2027 Mr Chika Nwokoye
Mrs Julie Grainger
Ms Julie Ashbee
Mr Ian Christie
**Mrs Debbie Morley (Honorary secretary)
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 2 years of office
*Can stand for a further 3 years of office

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Annual Report 2024

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). It meets 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, as do representatives of the Deanery Synod, Diocesan Synod and Churches Together in West Wimbledon. There are working groups dealing with matters such as pastoral care, Eco-Church, Bereavement Group and our Church Growth project groups. 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 vicar, 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 2024

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, with the vicar, steers the life of the church in its mission, witness and service in 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.

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 2024

There were 158 names on the electoral roll last year (21 May 2023). This year (19 May 2024) there are now 161 names, of which 60 live in the parish and 101 live outside the parish. There has been one R.I.P. and one person has moved church. There have been 5 new additions.

Our Toddler Group, Junior Church and the monthly Together on Thursday social group all ran regularly during 2024. We paused KFH our youth group. Thank you to all of the group leaders. Our toddler group is now described by local people as one of the best in the area. Our Church Hall has been running well with thanks to Stefan Bown and Corinne Phillips for their ongoing supervision and to our weekend caretakers. The community utilise the hall well for group classes and birthdays however there remains a daily gap in bookings from 12pm to 3pm on weekdays. We are grateful for the contribution that our hall made to our church running cost.

Our Music Director stepped down in February 2024 and we began advertising for a replacement. We are grateful to Julie Grainger and Tish Mousell who kept our musical life going during 2024 by organising the rota of visiting organists and pianists while we continued to search for a new director of music. We are also thankful to Stefan and Mary-Ann Bown for organising an excellent Carol service, and also with the help of Dee Babar for advising on musical matters in the absence of a music director.

Many other people contribute much to the life of Christ Church and we are glad that they have been able to assist the church throughout 2024. We are grateful to them all including; Eco Church, our children’s group leaders, refreshment servers, altar servers, chalice bearers church cleaners, flower arrangers, Fair Trade stall, Parish Giving and gift aid collector, the choir, readers, intercessors, stewards, Health and Safety, bible 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 important maintenance jobs for us. Thank you also to Naomi Lowe for all of her communications and website work.

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Annual Report 2024

We are particularly grateful to Tish Mousell who has been phenomenal in 2024 as a warden and we are grateful to her deputy wardens Pat Spencer, Sarah Hannaford, Tim Dabbs and Chika Nwokoye. 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 Felicity Banks for their support and work for the life of the church. We celebrated 25 years of reader service for Farhad in October 2024 and he stepped down from Evensong. We have recognised the need to include more lay voices in the preaching and leading at Christ Church and have begun to encourage the skills and gifts of lay members in our congregation in this arena. 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 2024 and all members have worked hard: in particular we thank Debbie Morley for her work as PCC secretary and John Davey for his work as PCC Treasurer, Chris Montagnon as Finance Chair, both working alongside our part-time paid bookkeeper, Margaret Hamps.

In 2024 we held a Mission Action Planning and Vision Day on October 19[th] which was attended by 35 members of Christ Church. We also undertook a survey of Church members to gauge their views on the future of Christ Church. We recognised that numbers had been declining at Christ Church over the last 10 years and especially during Covid and the interregnum, and that we needed to take action to reverse the decline. We also acknowledged the annual deficit in our finances needed attention. The resounding view is that all would like to see Christ Church grow and thrive spiritually and also in physical numbers, and in particular to increase our children and youth numbers. We recognised that decline did not happen overnight and building up numbers again would also take both time and a concerted effort. To this end, a number of growth project groups were established to be launched at the beginning of 2025.

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.

The Bereavement Group continues to undertake a vital role in the community and during 2024 took on a significant number of clients. In June Christ Church completed 2 years of helping to support a family of Syrian refugees under the government resettlement program. During 2024 we welcomed pupils from one of the local schools to Church for religious education lessons and to facilitate their community education by helping with gardening. Taking Communion to Senior Citizens Nursing Care Homes in the area has been an honour, as has playing an active part in the life of the Diocese of Southwark. The Vicar completed her duties as Chair of the House of Clergy for Southwark Diocese in November 2024. Christ Church continues to undertake an active role in Churches Together West Wimbledon, Merton Deanery and Diocesan Synod.

SAFEGUARDING:

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have 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 was one potential safeguarding issue at Christ Church during 2024 which was resolved.

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Annual Report 2024

On Sunday 17 November 2024 Christ Church took part in the Safeguarding Sunday initiative for the first time. Both the Parish Safeguarding Officers took part in a Q and A presentation to the congregation about safeguarding at the 10am service, Jenny Tomlinson did a presentation at the 8a.m. service and Jane Simpson did a presentation at Evensong. New posters about safeguarding were put up in the church and everyone was strongly urged to speak up if they had any safeguarding concerns. It is intended that Christ Church will take part in Safeguarding Sunday again in 2025.

RESULTS FOR THE YEAR: FINANCIAL COMMENTARY

Unrestricted income increased to £158,710 compared to £149,600 in the previous year. Planned giving increased slightly, and there was an increase in donations. Church hall lettings increased but dividend income decreased slightly. There was an increase in total expenditure mainly because of increased cost of church repairs and maintenance. Investments showed a net gain. The overall deficit on unrestricted funds before Investment gains was £15,177.

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 . 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 22 April 2025 and signed on its behalf by, Debbie Morley PCC Secretary

Debbie Morley

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INDEPENDENT EXAMINER’S REPORT

TO THE PCC OF CHRIST CHURCH, WEST WIMBLEDON

I report on the accounts for the year ended 31 December 2024 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: 15 April 2025

London SW19

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STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31[st] December 2024

Unrestricted Restricted Endowment Endowment 2024 2023
Funds
Funds		 Funds Total Total
Note £ £ £ £ £
INCOME
Voluntary income 2(a) 107,910 8,157 - 116,067 109,849
Church Activities 2(b) 858
-		 - 858 1,213
Activities for generating funds 2(c) 33,918 - - 33,918 32,369
Income from investments 2(d) 16,024 - - 16,024 17,077
Total income 158,710 8,157 - 166,867 160,508
EXPENDITURE
Church Activities 3(a) 144,062 13,892 4,000 161,954 150,817
Raising Funds 3(b) 29,825 500 - 30,325 27,134
TOTAL EXPENDITURE 173,887 14,392 4,000 192,279 177,951
NET (EXPENDITURE) (15,177) (6,235) (4,000) (25,412) (17,443)
Before Investment
gains/losses
NET GAINS/(LOSSES) ON 31,529 - - 31,529 13,939
INVESTMENTS
NET (EXPENDITURE)/ 16,352 (6,235) (4,000) 6,117 (3,504)
INCOME After Investment
gains/(losses)
Transfers between funds 9 - - - - -
NET MOVEMENT IN 16,352 (6,235) (4,000) 6,117 (3,504)
FUNDS
Total Funds brought forward 9 588,385 27,042 201,000 816,427 819,931
Total funds carried forward 9 604,737 20,807 197,000 822,544 816,427

9

BALANCE SHEET

At 31 December 2024

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		 2024
£
197,000
598,858
795,858
494
8,112
23,789
32,395
5,709
26,686
822,544
197,000
20,807
456,646
148,091
822,544		 2023
£
201,000
586,424
787,424		 2023
£
201,000
586,424		 2023
£
201,000
586,424

374
8,728
27,474
36,576
7,573
29,003
816,427
374
8,728
27,474
36,576
7,573
29,003
374
8,728
27,474

201,000
27,042
442,643
145,742
816,427

Approved by the Parochial Church Council on 10 April 2025 and signed on its behalf by

Lotwina Farodoye John Davey
Lotwina Farodoye John Davey
Vicar Hon Treasurer

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

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NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024

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 over 40 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 proceeding and funds have been raised to cover expenses so far.

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2 INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 2024
Total		 2023
Total
£ £ £ £ £
2(a) Voluntary Income
PlannedGiving 69,949 - - 69,949 68,063
GiftAid recovered 18,072 487 - 18,559 16,242
Collections at services 4,601 - - 4,601 3,605
Grants - - - - -
Donations, appeals, etc 15,288 7,670 - 22,958 16,939
Legacies - - - - 5,000
**Total ** 107,910 8,157 - 116,067 109,849
2(b) Church Activities
Sales of Parish Magazines - - - - 7
Fees 858 - - 858 1,206
**Total ** 858 - - 858 1,213
2(c) Activities for
Generating Funds
Fundraising 828 - - 828 1,591
Church Hall Lettings 30,485 - - 30,485 27,688
Church Lettings - - - - 935
Traidcraft sales 2,605 - - 2,605 2,155
**Total ** 33,918 - - 33,918 32,369
2(d) Income from
Investments
Interest and dividends 16,024 - - 16,024 17,077
**Total ** 16,024 - - 16,024 17,077
Total Income 158,710 8,157 - 166,867 160,508

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3 EXPENDITURE

3 EXPENDITURE
Unrestric
ted
Funds		 Restricted
Funds		 Endowment
Funds		 2024
Total		 2023
Total
£ £ £ £ £
3(a) Church Activities
Missionary & Charitable Giving 2,029 3,172 - 5,201 7,624
Ministry:Diocesanparishshare 88,000 - - 88,000 88,158
Minister’s expenses - - - - 649
Church running expenses 13,848 - - 13,848 13,500
Church Repairs &Maintenance 7,934 4,384 - 12,318 2,907
Church – major repairs - - - - -
Bereavement Services - 495 - 495 289
Organtuning &music 2,781 - - 2,781 2,846
Cost ofservices 642 - - 642 1,835
Garden Project - 408 - 408 143
Churchyard 920 - - 920 288
OrganistFees 10,244 - - 10,244 7990
Magazine costs - - - - -
Resettlement project - 5,433 - 5,433 1,836
Church Administration 7,726 - - 7,726 10,164
Parish Administrator 7,000 - - 7000 5,574
Parish Bookkeeper 2,938 - - 2,938 3,014
Depreciationof hallbuilding - - 4,000 4,000 4,000
Total **144,062 ** **13,892 ** 4,000 **161,954 ** 150,817
3(b) Raising Funds
Church Hall Expenses 20,134 - - 20,134 17,703
Church Hall Major repairs 1,250 500 - 1,750 1,800
Traidcraft purchases 2,722 - - 2,722 2,021
Investmentmanagementfees 5,719 - - 5,719 5,610
**Total ** 29,825 500 - 30,325 **27,134 **
Total Expenditure 173,887 **14,392 ** 4,000 192,279 **177,951 **

A further analysis of charitable giving is given in Note 10

4a) STAFF COSTS

STAFF COSTS
2024 2023
Wages and salaries £7,000 £5,574
Average no of employees 1 1

During the year the PCC had one employee (2023: 1). The total payment in 2024 included back holiday pay.

4b) RELATED PARTIES

The Vicar was entitled to reimbursement of travelling expenses according to Diocesan scale as well as expenses incurred on behalf of the church. Members of the PCC may also be reimbursed for expenses that they have incurred on behalf of the church.

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5. TANGIBLE FIXED ASSETS

Freehold
Land£		 Freehold
Buildings £		 Total
£
Deemed Cost
1st January2024 173,000 100,000 273,000
**Depreciation **
1st January2024 - 72,000 72,000
Charge for year - 4,000 4,000
31st December 2024 - 76,000 76,000
Net Book Values
31st December 2024
31stDecember 2023		 173,000
173,000		 24,000
28,000		 197,000
201,000

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 586,424
Add: Additions in year 68,881
Less: Disposals in year (87,976)
Net profit in year 31,529
598,858

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
 2024
£
1,499
6,613
8,112

2024
£
1,141
3,199
1,369
5,709
 2023
£
2,066
6,662
8,728

2023
£
2,957
2,656
1,960
7,573

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 2024.

SUMMARY OF FUND MOVEMENTS

1 Jan 2024 Net additions/ Gains/losses Transfers 31 Dec
FUNDS (utilizations) Investments 2024
£ £ £ £ £
Endowment
Church Hall 201,000 (4,000) - - 197,000
Total 201,000 (4,000) - - 197,000
Restricted
Bereavement Support 903 (465) - - 438
Organ Restricted 9,563 - - - 9,563
Church Toddler Group 500 - - - 500
Resettlement Project 12,884 (4,358) - - 8,526
Garden Project 1,002 (278) - - 724
Bridge 23/ Cycle Rack 1,290 (1,290) - - -
Work on Hall 500 (500) - - -
Foodbank 100 (100) - - -
Church Choir 300 - - - 300
Deposit: homeless couple - 646 - - 646
Children’s Society - 110 - - 110
Total 27,042 (6,235) - - 20,807
Unrestricted
Designated
Church Fabric 180,525 - - 10,000 190,525
Capital Funds 193,222 - - - 193,222
Organ 68,000 - - 4,000 72,000
Traidcraft Fund 896 - 3 899
Total Designated 442,643 - - 14,003 456,646
General Fund 145,742 - 16,352 (14,003) 148,091
Total Unrestricted 588,385 - 16,352 - 604,737
Total Funds 816,427 (10,235) 16,352 - 822,544

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ANALYSIS OF NET General Designated Restricted Endowment Total
ASSETS BY FUND Funds Funds Funds Funds
Tangible Fixed Assets - - - 197,000 197,000
Investment Assets 146,652 442,643 9,563 - 598,858
Net Current Assets 1,439 14,003 11,244 - 26,686
Total Net Assets 148,091 456,646 20,807 197,000 822,544
10 CHARITABLE GIVING
Overseas
2024		 Home
2024		 Total
2024		 Total
2023
£ £ £ £
From Restricted Funds
A Rocha– Kenya 512 512 388
Bishop’sLent Call 594 - 594 825
Children’s Society - - - 84
Christian Aid - - - 20
Church MissionSociety 552 - 552 195
South London Refugees - 376 376 400
Gifts toIndividuals - 763 763 -
ChristianCare - 265 265 99
StRaphaels - 10 10 -
Foodbank - 100 100 -
Total Restricted 1,658 1,514 3,172 2,011
From Unrestricted Funds
ChurchesTogether in WestWimbledon - 25 25 25
Faith in Action - 630 630 938
MertonChristianCare - 630 630 938
Climate Stewards - 634 634 597
Children’s Society - 110 110 -
Total Unrestricted - 2,029 2,029 2,498
Total Giving 1,658 3,543 **5,201 ** 4,509

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