DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

**Charity number: 1156025** 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **UNAUDITED** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 DECEMBER 2022** 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

## **About us** 

St Luke’s is a conservative evangelical Anglican family - friendly, gospel - centred church, a three - minute walk from Wimbledon Park tube station. We aim to spread the good news of Jesus Christ as set out in the Bible both within the Parish and further afield so that everyone may come to God’s salvation and grow in their discipleship. 

## **Charitable status** 

St Luke’s is a registered charity, number 1156025. 

## **Objectives** 

The primary objective of the PCC is to promote the Good News of our Lord Jesus Christ according to the doctrines and practices of the Church of England as defined by the Book of Common Prayer (1662), - and the 39 Articles of Religion. The functions of the PCC include ‘co operation with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’ (PCC Powers Measure 1956). The PCC is linked with the Anglican Mission in England (AMiE) and has assented to the Jerusalem Declaration. 

## **Activities during the year** 

## **Impact of the COVID-19 Pandemic** 

Over the year our normal style and pattern of weekly services was ‘in person’ and were attended by a good number of church members (and some people from further afield). 

- During 2022 we did however operate with some Covid 19 restrictions from time-to-time. In particular, the monthly prayer meetings were primarily held on ZOOM. Some of our life groups also chose to meet on ZOOM. 

During all of 2022 we still maintained a good distance between the rows in the Church to reflect current social-distancing COVID rules. In addition, the North aisle seating was always reserved as an ‘old’ rules area where continuous mask wearing was mandatory. Throughout the year mask wearing rules reflected the current Government and Church of England guidelines. 

The staff and church members continued to take particular care to stay in touch with members of the congregation who are alone and were in COVID isolation to support them spiritually and to ensure that any necessary practical help could be given. 

## **Regular services** 

Our largest gatherings are our weekly Sunday services. All our services have a mixture of hymns, songs, a Bible reading, prayers, and a sermon. We usually preach through a Bible passage, applying its message in a relevant and engaging way for today. During 2022, our services included: 

## ● 10.30am Morning Service 

This service caters for all ages and includes Sunday Club plus a crèche facility. This takes the form of a Holy Communion service once per month using individual bread/wine ‘cups’. The Sunday Club (primarily for 3–10-year-olds) took place in the Church Hall at the same time as the service. 

i 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

##  6.00pm Contemporary Service 

Our evening service is an informal ‘All Together’ meeting that tends to have more young people and young adults. It was held once per month in the first half of 2022 but was not held after July because a large number of our 6[th] form members had departed for university. 

## ● Seasonal Services and events 

We held numerous seasonal and one - off Services during the year. 

At Easter we held a Good Friday ‘Escape Room’ service for 7-11 year olds with parents, refreshments and hot-cross buns after the service. We also held a more contemplative ‘On the Cross’ Service on Good Friday plus a Family Service with Holy Communion and an Easter Egg Hunt on Easter Day. 

In October our Harvest Service and lunch with fun activities (eg bouncy castle) had 125 church members/guests and to coincide with Halloween we held an alternative Bright Light Party & gospel talk for ‘all-comers’. In November we held a Remembrance Day service. 

At Christmas we ran a Christingle service when 192 attended, a Nine Lessons & Carols service, a Crib Service & Holy Communion on Christmas Eve plus a Christmas Day ‘All Age’ service. We also joined our local street group ‘The Cresidents’ for the Christmas tree lighting/carols event, hosted a wreathmaking event and formed a choir to sing carols at the local Farmers Market. 

##  Special Services and Events 

We held four baptisms but no weddings, confirmations or funeral services in church during 2022. 

A special service and BBQ with120 attendees was held to celebrate HM the Queen’s Platinum Jubilee. 

A film night showing the C S Lewis story of ‘The Most Reluctant Convert’ was held for 50 guests in June, with a drinks reception. 

## **Regular groups and events** 

In addition to our Sunday services, we run a variety of groups and events designed to meet the needs of different sections of the local community, serve them, and allow them to get to know us and something of what we do as a church. 

Weekly Sunday meetings for 11-18 year olds happen in person. Outside of Sunday services we run other groups for them such as a fortnightly Youth Group. Our Youth Worker and some of our children and youth members attended Summer Camps as well as ‘Bible by the Beach’. St Luke’s was also part of the team that helped run the Christian Union at St Cecilia’s School in Southfields throughout 2022. 

We run a popular playgroup on Friday mornings and this included a Christmas gathering for parents with a Gospel talk 

We welcome all newcomers, regardless of their faith, to our meetings. We also run when required ‘Understanding the Bible’ courses for those who are exploring what the Christian faith means plus Alpha/Christianity Explored groups and 1-2-1 Bible reading sessions. 

Life groups have continued to meet regularly using ‘on-line’ ZOOM or ‘in-person’ to provide opportunities for Bible study, prayer and fellowship/keeping in touch. We have had on average five - evening life groups, two day time Ladies’ Bible Study meetings and a new evening Men’s Discipleship 

ii 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

group. This year the Life groups and PCC also studied the CEEC ‘A Better Story’ and the Church Society video series on marriage sex and relationships ahead of the February 2023 General Synod debate. In addition, we have continued to hold a central meeting ‘Prayer First’ on ZOOM once a month with an occasional ‘in-person’ session to meet and pray as a Church. 

The Tuesday morning ‘work group’ has also continued to meet and also provided a social gathering. We started a ‘Warm Hub’ in October that opens every Tuesday lunchtime to provide fellowship and a hot lunch for parishioners and the wider community resulting from the ‘Cost of Living’ crisis. 

The monthly Seniors’ Lunch was not held in 2022. 

## **Charities and Mission Work** 

We have continued to support mission activities financially (see the Financial Report for details). More generally, in 2022 we have been particularly supporting one of our Youth Group members who has decided to spend her ‘gap year’ working with Crosslinks in Cape Town, South Africa serving at South reach church and helping at iThemba primary school. This has involved her speaking at special services and ‘Prayer First’. 

We also endeavour to support other charities such as Wimbledon Foodbank both financially and though food donations. We have been making gift donations of food and essential supplies to the Ukrainian Prosperity charity in Twickenham during the year. In addition, we collected and distributed gift shoeboxes for Operation Christmas Child. 

## **PCC discussions** 

In addition to the normal business of the PCC, the Council spent time prayerfully considering the issues raised by the Church of England “Living in Love and Faith” process, using material prepared by the Church Society and the Church of England Evangelical Council. 

## **Financial Report** 

## **Income** 

Total income was £236,299 (2021 - £207,167). 

## _Voluntary income_ 

Unrestricted donations in 2022 (before adding tax relief) were £78,300 (2021 - £75,778) – an increase of 3% compared with 2021. We are grateful for the generosity of the members of our congregation. 

## _Net Income from the church halls and houses_ 

The church halls and houses continue to be a valuable resource for the church and local community, as well as providing income to support our ministry. Gross income from the halls and houses was £139,311 (2021 - £115,916). 

After taking account of running costs, and the cost of repairs and refurbishments of £3,644 for the halls (2021 - £4,896) and £38,550 for the houses (2021 - £34,640), the halls and houses made a net contribution of £97,117 (2021 - surplus of £76,380). 

iii 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

## _Investment income and returns_ 

Investment income and bank interest of £1,846 (2021 - £2,149). The aggregate capital value of our investments held fell by £28,715 over the year, reflecting the fall in markets generally reflecting the war in Ukraine, the impact of energy prices, and Government fiscal policy (2021 – increase of  £21,795). 

## **Expenditure** 

Total expenditure was £210,980 (2021 - £227,226). 

The major items include our contribution to the diocese of £61,700 (2021 - £61,000), part of which effectively comes back in the form of the stipend and related employment costs for our vicar and the maintenance of the vicarage. Our direct staff employment costs were £39,048 (2021 - £37,318). 

Church running costs were £37,914 (2021 - £28,411), covering insurance, heat and light, software and copyright fees, and general supplies. The cost of energy increased considerably from 1 October – roughly by a factor of four – when a new contract began.  The increased price will have a significant impact on 2023 expenditure, when the full year effects and the removal of Government support of business users will be felt. During 2022 the largest property expenditure was vacuum jetting and subsequent excavation and repair of the drains outside the Church and Hall, and the installation new boilers and showers in the flats at 3 (lower) and 5 (Upper) Farquhar Road. 

## _Support for mission_ 

The PCC has continued the policy of giving 10% of net income (that is giving, gift aid tax reclaimed, legacies and the net income from letting the church hall and houses received during the previous year) to support mission and Christian activities beyond the Parish – in the UK and globally. This amounted to £18,039 to be allocated in 2022, based on net income (2021 - £16,800).  In addition, the PCC decided in December 2022 that in the light of the amount currently held in reserves an additional 5% should be used for 2022.  The amount available for allocation in respect of 2022 was therefore £27,058. 

Of this, £12,050 had been disbursed by 31 December 2022 and recorded as expenditure in these accounts. A further £4,750 had been allocated by the PCC in December but had not been sent to the intended recipients pending resolution of payment details.   This has since been paid. The balance of £10,258 was allocated by the PCC in February 2023 and has also been paid. 

The PCC resolved in September 2021 to give £20,200 during 2022 to support a Church of England Parish within the Greater London area. This sum reflects the difference between the amount the PCC committed to contribute during 2022 towards diocesan costs (which broadly reflected the cost of an incumbent), and the full average cost of ministry per parish as indicated by the diocese. It was  decided in February 2023 that this should be shared equally between St Andrew’s church Wimbledon and Holy Redeemer Church Streatham. 

A full list of grants is given in note 7 to the accounts. 

## **Financial result for the year** 

The net result for the year, after including a net loss on investments of £28,715, was a deficit of £3,396 (2021 – a surplus of £1,736). 

## **Cash flow** 

The cash balance at 31 December 2022 was £266,826 (2021 - £247,219). The net cash inflow for the year was therefore £19,607 (2021 - an outflow of £21,994). 

iv 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

## **Balance sheet** 

_Fixed assets_ 

- Fixed assets comprise the church hall and houses, and long term investments in bonds and equities. Movements in the year are solely due to the change in the value of our long - term investments. 

## _Current assets_ 

- Current assets principally comprise cash at bank, short term deposits held in Church of England deposit funds, and collective funds which invest in bonds and equities. The value of our investment funds at 31 December 2022 was £160,636 (2021 - £189,351). 

- Debtors include gift aid recoverable from HMRC in respect of the final quarter of 2022. Creditors include some staff expenses incurred but not yet claimed. 

## **Church Funds** 

The finances of the Church are classified into one of two categories: 

**Unrestricted** - where income is given to be used at the discretion of the PCC for furthering the mission and ministry of the Church; 

**Restricted** - where money received has been given for a particular purpose and can only be utilised for that specific purpose. 

Restricted funds at 31 December 2022 were £44,353 (2021 - £43,796), representing the Clarkson fund (for enclosing the Chapel), the Passmore Fund (which is to be used specifically for the upkeep of the Chapel), the Pastoral fund and other smaller funds where money has been received for specific purposes. The Pastoral fund is a restricted fund that was created during 2015 to be used to aid members of the church who are in need or face times of difficulty. The fund stood at £1,097 at 31 December 2022. 

## **Reserves policy** 

Accumulating large reserves is not in keeping with the aims of the PCC. The PCC has continued its policy of investing its funds for future gospel work – both within the Parish and beyond. The PCC continues to consider how best to use these funds to secure and further the spread of the gospel for the future. The PCC is specifically reviewing its policy on reserves during 2023. 

## **Treasurer arrangements** 

In the absence of a Treasurer, the Church Wardens have formal responsibility for the accounts. Ali Palmer, Dharishika Sabaratnam, and Raine Hallet have organised payments and maintained records. Martyn Hankin has operated the gift aid scheme, reclaiming from HMRC the tax paid on donations. John Roberts has managed the church bank accounts; he, Bill Wiffen and Nick Hofmeyr have the power to authorise payments. Robin Ford has managed letting of the church halls. The formal accounts have been prepared by Griffin Stone Moscrop & Co based on St Luke’s records. 

v 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

## **Structure, governance and management** 

The PCC is a corporate body, operating under the Parochial Church Council Powers Measure and a registered charity, number 1156025. 

The roles and responsibilities for the management of the church are set out in the Regulations and Cannons of the Church of England. In summary, the PCC supports the incumbent and the staff in the exercise of their spiritual ministry, and is responsible for financial administration and for the management of church properties. The appointment or election of PCC members is governed by the Church Representation Rules. 

The PCC has delegated powers to the Standing Committee to conduct its affairs between PCC meetings. Member of the Standing Committee from April 2021 they were the vicar, the church wardens and Sally Legge; from May 2022 they were the vicar, the church wardens, and Violetta BarzankianKaydan. 

The Property Maintenance Committee (PMC) has been delegated powers to administer and oversee property matters in respect of the Church, the halls and the Church houses. The PMC has a budget to work to and can spend up to £1,000 on a single item without further reference to the PCC. The PCC has also appointed a Finance Committee to monitor and review the performance of the Church finances and to make recommendations to the PCC in respect of budgets, financial planning, and controls. 

The PCC members confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the Charity Commission’s general guidance on public benefit. The members believe that the public benefit provided by the PCC is discovering about the biblical Christian faith and what it means to live as a disciple of Jesus Christ. 

## **Protection of children and vulnerable adults** 

The PCC has in place policies on child protection in line with Diocesan guidance. Denise Brewer and Heather Ball served as the Safeguarding Officers until May 2022.  Emma Edwards and (from January 2023) Helen Wiffen replaced them. Their role to ensure all those working with children and the elderly have undergone the necessary checks and are aware of the PCC’s policies and offer advice as required, and to ensure that if any issues do arise they are dealt with appropriately (in consultation with the Diocesan Safeguarding Office as necessary). 

The PCC formally adopted resolutions in the form suggested by the Diocese in January 2020 regarding - reporting of safeguarding and non safeguarding serious incidents to the Charity Commission, and agreed that the Wardens would assume responsibility for reporting non - safeguarding serious incidents directly to the Charity Commission in accordance with Charity Commission Guidance. 

## **Ministry Staff** 

The Vicar, the Rev’d James Paice, was supported by Ruth Dwyer (Youth and Women’s worker). Dharshika Sabaratnam was church administrator. Many lay member of the church contributed through leading lifegroups, helping with Sunday Club, leading worship, and in many other ways. 

## **Episcopal Oversight** 

The Bishop of Maidstone has provided episcopal oversight for St Luke’s, following a resolution passed by the PCC under the House of Bishops’ Declaration on the Ministry of Bishops and Priests in 2017. The Rt Rev’d Rod Thomas retired as Bishop of Maidstone in autumn 2022; his replacement was consecrated, as Bishop of Ebbsfleet, in February 2023. 

vi 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **St Luke’s Church, Wimbledon Park** 

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

## **Members of the PCC** 

The Members of the Parochial Church Council (PCC) who served during the year 1 January to 31 December 2022, and those who are serving at the time of this report, were: 

## **Chair** 

The Rev’d James Paice 

## **Church Wardens** 

Barrie Huckstepp (until May 2022 Philip Benjamin (until May 2022) Pat Hall (from May 2022) Nigel Legge (from May 2022) 

## **Elected Members of the Deanery Synod** 

Ruth Dwyer Pat Hall 

## **Elected Representatives of the Laity** 

Violetta Barzankian-Kaydan Colin Edwards Nick Hofmeyr (until May 2022) Barrie Huckstepp (from May 2022) Mark Hopkins Sally Legge (until May 2022) Anthony Parsons (from May 2022) Geoff Simpson (from May 2022) Dorothy Thiagaraj (until May 2022) Bill Wiffen 

Violetta Barzankian-Kaydan has served as PCC Secretary during 2022. 

This report was approved by the PCC and signed on its behalf by: 


The Rev’d James Paice, Chair of the PCC 

Date: 15 May 2023 

vii 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **Independent examiner's report to the Trustees of St Luke's Church, Wimbledon Park (the 'church')** 

I report to the charity Trustees on my examination of the accounts of the church for the year ended 31 December 2022. 

This report is made solely to the church's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the church's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the church and the church's Trustees as a body, for my work or for this report. 

## **Responsibilities and basis of report** 

As the Trustees of the church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Your attention is drawn to the fact that the church has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the church as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 

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

Signed: Richard Hill 


16/5/2023 Dated: FCA 

## **Griffin Stone Moscrop & Co** 

Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS 

Page 1 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>2<br>Charitable activities<br>3<br>Investments<br>4<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>5<br>**Total expenditure**<br>**Net income/(expenditure) before net**<br>**(losses)/gains on investments**<br>Net (losses)/gains on investments<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**92,360**<br>**141,383**<br>**1,846**<br>**235,589**<br>**210,827**<br>**210,827**<br>**24,762**<br>**(28,715)**<br>**(3,953)**<br>**1,127,738**<br>**(3,953)**<br>**1,123,785**|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>**710**<br>**-**<br>**-**<br>**710**<br>**153**<br>**153**<br>**557**<br>**-**<br>**557**<br>**43,796**<br>**557**<br>**44,353**|**Total**<br>**funds**<br>**2022**<br>**£**<br>**93,070**<br>**141,383**<br>**1,846**<br>**236,299**<br>**210,980**<br>**210,980**<br>**25,319**<br>**(28,715)**<br>**(3,396)**<br>**1,171,534**<br>**(3,396)**<br>**1,168,138**|_Total_<br>_funds_<br>_2021_<br>_£_<br>_89,017_<br>_116,001_<br>_2,149_<br>_207,167_<br>_227,226_<br>_227,226_<br>_(20,059)_<br>_21,795_<br>_1,736_<br>_1,169,798_<br>_1,736_<br>_1,171,534_|
|---|---|---|---|---|



The notes on pages 4 to 17 form part of these financial statements. 

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DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **BALANCE SHEET AS AT 31 DECEMBER 2022** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>9<br>Investments<br>10<br>**Current assets**<br>Debtors<br>11<br>Cash at bank and in hand<br>Creditors: amounts falling due within one<br>year<br>12<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension asset**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>13<br>Unrestricted funds<br>13<br>**Total funds**|**3,132**<br>**266,826**<br>**269,958**<br>**(5,290)**|**2022**<br>**£**<br>**742,834**<br>**160,636**<br>**903,470**<br>**264,668**<br>**1,168,138**<br>**1,168,138**<br>**1,168,138**<br>**44,353**<br>**1,123,785**<br>**1,168,138**|_3,238_<br>_247,219_<br>_250,457_<br>_(11,108)_|_2021_<br>_£_<br>_742,834_<br>_189,351_|
|---|---|---|---|---|
|||||_932,185_<br>_239,349_|
|||||_1,171,534_|
|||||_1,171,534_|
||||||
|||||_1,171,534_|
|||||_43,796_<br>_1,127,738_|
||||||
|||||_1,171,534_|



The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 


................................................ 

**Rev'd James Paice** (Chair of Trustees) Date: 15 May 2023 

The notes on pages 4 to 17 form part of these financial statements. 

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DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **1. Accounting policies** 

## **1.1 Basis of preparation of financial statements** 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" issued in October 2019, the "Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)" and the Charities Act 2011. 

St Luke's Church, Wimbledon Park constitutes a public benefit entity as defined by FRS 102. 

## **1.2 Income** 

All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 

## **1.3 Expenditure** 

Missionary and charitable giving is accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. 

As described in the notes, payments to the Parish Support Fund (previously the diocesan parish share) are accounted for when due. 

Governance costs are related to the general running of the charity as a legal entity and are not connected with generating income or charitable expenditure. They include the cost of engaging accountants to prepare the financial statements and to undertake the Independent Examination required by the Church Representation Rules and Charities Act. 

Charitable activities and Governance costs are costs incurred on the church's operations, including support costs and costs relating to the governance of the church apportioned to charitable activities. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

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DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **1. Accounting policies (continued)** 

## **1.4 Tangible Fixed assets and depreciation** 

Consecrated and benefice property is excluded from the financial statements in accordance with section 10(2)(c) of the Charities Act 2011. No value is put on moveable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of financial activities. 

The freehold properties held by the church are subject to a continuous maintenance programme and their residual value is not considered to be significantly lower than their book value. As a result, depreciation and accumulated depreciation on those assets are considered to be immaterial. On this basis, no depreciation has been charged. 

The property at 37 Lucien Road is recorded at cost being the amount paid to acquire the property plus amounts spent on capital works renovating the property on and after acquisition. The remaining properties are recorded at their fair value at the date that they were gifted to the Church. 

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired. 

## **1.5 Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. 

## **1.6 Debtors** 

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 

## **1.7 Cash at bank and in hand** 

Cash at bank and in hand includes cash and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the PCC’s cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement. 

## **1.8 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at their settlement amount after allowing for any discounts due. 

Page 5 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **1. Accounting policies (continued)** 

## **1.9 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the church and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## **1.10 Taxation** 

As a registered charity, St Luke’s Church, Wimbledon Park is generally not liable to taxation on its net income or capital gains. It is not, however, exempt from value added tax. Irrecoverable value added tax is included in the cost of those items to which it relates. 

## **1.11 Employee Benefits** 

The PCC offers a defined contribution pension scheme to its employees consistent with the autoenrolment rules. A defined contribution plan is a post-employment benefit plan under which the PCC pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the statement of financial activities in the periods during which services are rendered by employees. 

Page 6 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **2. Income from donations and legacies** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Donations<br>78,300<br>Grants<br>1,400<br>Income tax recoverable<br>12,660<br>92,360<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>Donations<br>_75,778_<br>Income tax recoverable<br>_13,039_<br>_88,817_|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>710<br>-<br>-<br>710<br>_Restricted_<br>_funds_<br>_2021_<br>_£_<br>_200_<br>_-_<br>_200_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**79,010**<br>**1,400**<br>**12,660**|
|---|---|---|
|||**93,070**|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_75,978_<br>_13,039_|
|||_89,017_|



## **3. Income from charitable activities** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Income from church hall<br>34,731<br>Income from church houses<br>104,580<br>Income from other church groups<br>2,072<br>141,383|**Total**<br>**funds**<br>**2022**<br>**£**<br>**34,731**<br>**104,580**<br>**2,072**|
|---|---|
||**141,383**|



Page 7 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **3. Income from charitable activities (continued)** 

|Income from church hall<br>Income from church houses<br>Income from other church groups<br>_Total 2021_|_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>_14,028_<br>_101,888_<br>_85_<br>_116,001_|_Total_<br>_funds_<br>_2021_<br>_£_<br>_14,028_<br>_101,888_<br>_85_|
|---|---|---|
|||_116,001_|



## **4. Investment income** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Income from local listed investments<br>1,846<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>Income from local listed investments<br>_2,149_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**1,846**|
|---|---|
||_Total_<br>_funds_<br>_2021_<br>_£_<br>_2,149_|



Page 8 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **5. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Church activities<br>210,827<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>Church activities<br>_225,749_|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>153<br>_Restricted_<br>_funds_<br>_2021_<br>_£_<br>_1,477_|**Total**<br>**2022**<br>**£**<br>**210,980**|
|---|---|---|
|||_Total_<br>_2021_<br>_£_<br>_227,226_|



## **6. Analysis of expenditure by activities** 

|Church activities<br>Church activities|**Activities**<br>**undertaken**<br>**directly**<br>**2022**<br>**£**<br>195,197<br>_Activities_<br>_undertaken_<br>_directly_<br>_2021_<br>_£_<br>_167,879_|**Grant**<br>**funding of**<br>**activities**<br>**2022**<br>**Support and**<br>**governance**<br>**costs**<br>**2022**<br>**£**<br>**£**<br>12,203<br>3,580<br>_Grant_<br>_funding of_<br>_activities_<br>_2021_<br>_Support and_<br>_governance_<br>_costs_<br>_2021_<br>_£_<br>_£_<br>_55,927_<br>_3,420_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**210,980**|
|---|---|---|---|
||||_Total_<br>_funds_<br>_2021_<br>_£_<br>_227,226_|



Page 9 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **6. Analysis of expenditure by activities (continued)** 

## **Analysis of direct costs** 

|Staff costs<br>Diocesan parish contribution<br>Church running expenses (excluding administrator costs)<br>Other clergy costs<br>Church houses running costs<br>Church hall running costs<br>Church maintenance and replacement costs<br>Church hall repairs and refurbishments<br>Church house repairs and refurbishments<br>Church cleaning|**Total**<br>**funds**<br>**2022**<br>**£**<br>**39,048**<br>**61,700**<br>**37,914**<br>**740**<br>**8,823**<br>**706**<br>**7,111**<br>**2,938**<br>**29,727**<br>**6,490**<br>**195,197**|_Total_<br>_funds_<br>_2021_<br>_£_<br>_37,318_<br>_61,000_<br>_28,411_<br>_1,480_<br>_5,457_<br>_2,714_<br>_5,037_<br>_2,182_<br>_24,146_<br>_134_|
|---|---|---|
|||_167,879_|



## **Analysis of support costs** 

||**Total**|_Total_|
|---|---|---|
||**funds**|_funds_|
||**2022**|_2021_|
||**£**|_£_|
|Governance costs|**3,580**|_3,420_|



Page 10 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **7. Analysis of grants** 

|**Grants to**<br>**Institutions**<br>**2022**<br>**£**<br>Grants made by the PCC<br>12,050<br>_Grants to_<br>_Institutions_<br>_2021_<br>_£_<br>Grants made by the PCC<br>_55,600_<br>The Charity has made the following material grants to institutions during the year:<br>**Name of institution**<br>Holy Cross Sheffield<br>Crosslinks<br>Options Wimbledon pregnancy resource centre<br>Gaines Christian Activity Centre<br>Faith in Kids<br>Trinity Church, Central London<br>All Saints Church, Wandsworth<br>London City Mission<br>St Patrick's Bible College, Madagascar<br>Church of the Word and Spirit, Teesside<br>St Matthew's Fulham<br>Crosslands Theological Seminary|**Grants to**<br>**Individuals**<br>**2022**<br>**£**<br>153<br>_Grants to_<br>_Individuals_<br>_2021_<br>_£_<br>_327_<br>**2022**<br>**£**<br>**3,250**<br>**3,750**<br>**1,800**<br>**3,250**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**12,050**<br>**12,050**|**Total**<br>**funds**<br>**2022**<br>**£**<br>**12,203**|
|---|---|---|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_55,927_|
|||_2021_<br>_£_<br>_3,000_<br>_5,000_<br>_1,500_<br>_5,000_<br>_2,000_<br>_3,375_<br>_1,500_<br>_4,375_<br>_2,500_<br>_4,675_<br>_19,300_<br>_3,375_|
|||_55,600_|
||||
|||_55,600_|



Page 11 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **8. Staff costs** 

|Wages and salaries<br>Contribution to defined contribution pension schemes|**2022**<br>**£**<br>**36,723**<br>**2,325**<br>**39,048**|_2021_<br>_£_<br>_35,053_<br>_2,264_|
|---|---|---|
||||
|||_37,317_|



The average number of persons employed by the Charity during the year was as follows: 

|**2022**|_2021_|
|---|---|
|**No.**|_No._|
|**2**|_2_|



No employee received remuneration amounting to more than £60,000 in either year. 

The vicar is not employed by the PCC. Instead, the PCC pays an annual sum to the diocese as consideration for the services of a vicar as well as certain other administrative functions provided by the diocese. 

Other than described in note 16, "related party transactions", no PCC member, acting in that capacity, receives any remuneration, fees or benefits in kind from St Luke’s Church, Wimbledon Park. 

Page 12 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **9. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 January 2022<br>At 31 December 2022<br>**Net book value**<br>At 31 December 2022<br>_At 31 December 2021_|**Freehold**<br>**property**<br>**£**<br>**742,834**|
|---|---|
||**742,834**|
||**742,834**|
||_742,834_|



Freehold land and buildings comprises 3 church houses (containing six flats) at 3 and 5 Farquhar Road and 15 Strathmore Road, the house at 37 Lucien Road and the Church Halls. The flats and the house are, occasionally and on an ad hoc basis, rented out at commercial rates. However, this is not the primary purpose for which these properties are held and, generally, they are used to house church ministers and staff at no or substantially less than market rent or, through applicable covenants, to provide living accommodation to women of restricted means. The Church Halls are, from time to time, commercially rented out to third parties, but their primary purpose is for the church’s own use. None of these properties therefore meet the definition of an investment property and, as a result, they are accounted for as tangible fixed assets. 

The Church Houses with flats are recorded at a total cost of £260,000 and the Church Halls recorded at £55,000. The Church House at 37 Lucien Road is recorded at a cost of £427,834. 

Page 13 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **10. Fixed asset investments** 

|**Cost or valuation**<br>At 1 January 2022<br>Revaluations<br>At 31 December 2022<br>**Net book value**<br>At 31 December 2022<br>_At 31 December 2021_|**Listed**<br>**investments**<br>**£**<br>**189,351**<br>**(28,715)**|
|---|---|
||**160,636**|
||**160,636**|
||_189,351_|



The market value of the holdings in funds have been derived from quoted prices obtained from valuation summaries provided by the PCC's investment advisor. 

## **11. Debtors** 

|**Due within one year**<br>Tax recoverable|**2022**<br>**£**<br>**3,132**<br>**3,132**|_2021_<br>_£_<br>_3,238_|
|---|---|---|
||||
|||_3,238_|



## **12. Creditors: Amounts falling due within one year** 

|Other taxation and social security<br>Other creditors<br>Accruals and deferred income|**2022**<br>**£**<br>**287**<br>**600**<br>**4,403**<br>**5,290**|_2021_<br>_£_<br>_-_<br>_1,100_<br>_10,008_|
|---|---|---|
||||
|||_11,108_|



Page 14 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **13. Statement of funds** 

## **Statement of funds - current year** 

|**Unrestricted funds**<br>General Funds<br>Mission Funds<br>**Restricted funds**<br>Pastoral Fund<br>Passmore Fund<br>Other Small Funds<br>Clarkson Fund<br>**Total of funds**|**Balance at 1**<br>**January**<br>**2022**<br>**£**<br>**1,105,743**<br>**21,995**<br>**1,127,738**<br>**540**<br>**1,836**<br>**7,570**<br>**33,850**<br>**43,796**<br>**1,171,534**|**Income**<br>**£**<br>**208,531**<br>**27,058**<br>**235,589**<br>**710**<br>**-**<br>**-**<br>**-**<br>**710**<br>**236,299**|**Expenditure**<br>**£**<br>**(198,777)**<br>**(12,050)**<br>**(210,827)**<br>**(153)**<br>**-**<br>**-**<br>**-**<br>**(153)**<br>**(210,980)**|**Gains/**<br>**(Losses)**<br>**£**<br>**(28,715)**<br>**-**<br>**(28,715)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**(28,715)**|**Balance at**<br>**31**<br>**December**<br>**2022**<br>**£**<br>**1,086,782**<br>**37,003**|
|---|---|---|---|---|---|
||||||**1,123,785**|
||||||**1,097**<br>**1,836**<br>**7,570**<br>**33,850**|
||||||**44,353**|
||||||**1,168,138**|



The mission fund is not restricted and represents amounts that the PCC has allocated for use in supporting mission work outside of the Parish that have not yet been committed to specific projects or partners. 

St Luke’s has a policy of tithing 15% (previously 10%) of its income (taken to mean donations, gift aid reclaimed on donations, legacies when recognised as income, from the profit from hall lettings and church houses rents after management and maintenance expenses) for use in mission work outside of the Parish. It also periodically awards additional one-off grants to mission partners. The % tithe for mission grants is transferred to the unrestricted mission fund as income is received. Any additional amounts allocated for use as mission grants are transferred to the mission fund when the PCC agrees to set the funds aside. When grants are made, they are deducted from the mission fund. 

The Passmore Fund (received by way of a legacy) is to be used for the upkeep of the Chapel. 

The Pastoral fund is to be used to assist members of the congregation in financial or other need and is for use at the discretion of the Vicar (following appropriate consultation with the wardens or curate). 

The Clarkson Fund (received as a capital grant from the Trust established by Irene Clarkson) is for a project to enclose the side chapel. 

Other smaller funds comprise monies received for specific purposes or temporarily held for forwarding to specific charities. 

Page 15 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **14. Summary of funds** 

## **Summary of funds - current year** 

|General funds<br>Restricted funds|**Balance at 1**<br>**January**<br>**2022**<br>**£**<br>**1,127,738**<br>**43,796**<br>**1,171,534**|**Income**<br>**£**<br>**235,589**<br>**710**<br>**236,299**|**Expenditure**<br>**£**<br>**(210,827)**<br>**(153)**<br>**(210,980)**|**Gains/**<br>**(Losses)**<br>**£**<br>**(28,715)**<br>**-**<br>**(28,715)**|**Balance at**<br>**31**<br>**December**<br>**2022**<br>**£**<br>**1,123,785**<br>**44,353**|
|---|---|---|---|---|---|
||||||**1,168,138**|



## **15. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Tangible fixed assets<br>742,834<br>Fixed asset investments<br>160,636<br>Current assets<br>225,605<br>Creditors due within one year<br>(5,290)<br>**Total**<br>1,123,785|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>-<br>-<br>44,353<br>-<br>44,353|**Total**<br>**funds**<br>**2022**<br>**£**<br>**742,834**<br>**160,636**<br>**269,958**<br>**(5,290)**|
|---|---|---|
|||**1,168,138**|



## **16. Related party transactions** 

Ruth Dwyer received a salary, rent-free accommodation, and pension contributions in accordance with her contract of employment as Women and Youth Worker. 

The staff and some PCC members received reimbursement of the actual cost of purchases for the church, based on receipts. 

PCC members made donations of £11,299 (£12,968 - 2021) to St Luke’s during 2022 while members of the PCC.   This includes only donations where the identity of the donor is known and does not include donations received anonymously via the Charities Aid Foundation, or Christian Stewardship, or through payroll giving. 

Page 16 



DocuSign Envelope ID: 02C48378-C3DE-49EA-8C81-974E631DABA5 

## **ST LUKE'S CHURCH, WIMBLEDON PARK** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **17. Accounting estimates and judgements** 

The PCC considers that the key judgements taken in preparing the financial statements relate to the treatment of church houses. 

## Treatment of church houses 

The PCC holds a number of flats and houses which are used to accommodate members of the church staff and, in some cases, to provide subsidised accommodation in accordance with applicable covenants. As described in note 9, judgement is required to determine whether such properties should be recorded as property, plant and equipment or investment property. The PCC has concluded that, because the purpose of the properties is primarily to be used for housing staff and providing subsidised housing in accordance with applicable covenants rather than for investment income or capital gains, classifying the houses as property, plant and equipment is appropriate. 

. 

Page 17