Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
Charity number: 1156025
ST LUKE'S CHURCH, WIMBLEDON PARK
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
St Luke’s Church, Wimbledon Park Report of the Parochial Church Council for the year ended 31 December 2024
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
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 2024, our services included:
● 10.30am Morning Service
This service caters for all ages and includes Sunday Club, Youth Nano plus a crèche facility. This takes the form of a Holy Communion service once per month using individual bread/wine ‘cups’ and the traditional chalice and wifers. The Sunday Club (primarily for 3–10 year-olds) and Youth Nano (for 1114 year olds) took place in the Church Hall at the same time as the service. Various Church members and visiting clergy have led this service during our interregnum since July 2024
‘Older’ Youth
The older youth (14-18 year olds) meet on Fridays and includes Bible study, prayer and fellowship.
Seasonal Services and events
We held numerous seasonal and one-off Services during the year.
At Easter we held an ‘Easter Explained’ family outreach event with crafts, a Gospel talk and refreshments. We also held a more contemplative ‘Hour at 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/games had 104 church members/guests and to coincide with Halloween we held an alternative Pop Up ‘Light Stop’ event. In November we held a Remembrance Day service with 78 Church members.
At Christmas we ran a Family Service/Scratch Nativity play (139 attending), a Christingle service (200 present), a Nine Lessons & Carols service (111 attending), a Crib Service (101 attending) & Holy Communion on Christmas Eve plus a Christmas Day ‘All Age’ service. We joined our local street group
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St Luke’s Church, Wimbledon Park Report of the Parochial Church Council for the year ended 31 December 2024
‘The Cresidents’ for the Christmas tree lighting/carols event and formed a choir to sing carols at the local Farmers Market (for Wimbledon Foodbank). We also helped run two Christmas assemblies at Wimbledon Park Primary School.
Special Services and Events
We held two baptisms but no weddings, funerals or confirmations in church during 2024.
An ‘All Age’ pet service was held in February and a Mothering Day service in March.
Two picnics were held in August & September at the local Recreation Ground and a Summer BBQ in July. We held a ‘Welcome’ tea for newcomers and a ‘men’s curry night’ in October.
We held two ‘Worship in the Community’ services for the students and teachers of St Cecilia’s Church of England School in February and November.
We hosted an event to celebrate the Centenary of the 1[st] Wimbledon Park Guides in September.
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 meetings for 11-18 year olds happen in person. Outside of Sunday services we run other groups for them such as a weekly Youth Group. Twice a year we take our youth to ‘Sorted Nano’ youth gatherings in Central London. Our Youth Worker and some of our children youth members and families 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 2024.
We run a popular playgroup on Friday mornings with some attending services like Scratch Nativity
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. In 2024 this included ‘Hope Explored’ for adults during the day & ‘Vox’ for youth in the evening.
Life groups meet regularly ‘in-person’ with some using ‘on-line’ ZOOM to provide opportunities for Bible study, prayer and fellowship/keeping in touch. We have had on average five evening life groups and two day-time Ladies’ Bible Study meetings. This year the Life groups studied various books from the Bible . In addition, we hold a central ‘Prayer First’ meeting twice a month one on Wednesday evening and one on Tuesday morning to meet and pray as a Church in person with one of our mission partners usually attending on ZOOM.
The Tuesday morning ‘work group’ has also continued to meet and also provided a social gathering. We started a ‘Community Hub’ in October 2022 that opens every Tuesday lunchtime to provide fellowship and tea/cake/snacks for parishioners and the wider community.
Charities and Mission Work
We have continued to support mission activities financially (see the Financial Report for details). We also endeavour to support other charities such as Wimbledon Foodbank both financially and through food donations. In addition, we collected and distributed gift shoeboxes for Operation Christmas Child. We also hosted a McMillan coffee morning in September.
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St Luke’s Church, Wimbledon Park
Report of the Parochial Church Council for the year ended 31 December 2024
PCC discussions
In addition to the normal administrative business, the PCC discussed developments within the Church of England in relation to Prayers of Love and Faith. The Council also discussed with the diocesan authorities arrangements for appointing a new incumbent following the resignation of the Rev’d James Paice, including the preparation of a Parish Profile describing the circumstances and needs of the parish.
Financial Report
Income
Total income was £256,022 (2023 - £252,148).
Unrestricted donations (before adding tax relief) in 2024 were £ 66,219 (2023 - £92,229). Disregarding a one-off donation of £15,000 in 2023, this is a decrease of 14% compared with 2023. We are grateful for the generosity of the members of our congregation.
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 £156,305 (2023 - £140,278). After taking account of running costs and the estimated cost of repairs and refurbishments of £62,459 for the halls and houses (2023 - £46,181), the halls and houses made a net contribution of £93,846 (2023 – £94,097).
Investment income and interest were £12,815 (2023 - £6,161). This reflects higher interest rates.
The capital value of our investments rose by £6,051 over the year (2023 – £18,864).
Expenditure
Total expenditure was £340,288 (2023 - £261,793).
The major items include our contribution to the diocese of £63,000 (2023 - £63,000), 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 £45,207 (2023 - £43,057).
Church and church hall running costs were £38,156 (2023 - £43,974), covering insurance, heat and light, software and copyright fees, and general supplies.
During 2024 the PCC undertook some significant building maintenance projects. Church maintenance and replacement costs were £75,678 (2023 - £18,961). The most significant were the lounge roof replacement (£26,580), the repair/replacement of five rainwater pipes on the main church building (£23,670) and drying out/replastering the hall storeroom cupboards (£7,122). Work on the church chimneys was completed in 2024, costing £21,237 spread between 2023 and 2024. These were the first major projects since 2018. Repairs and maintenance for the church houses was however less this year - £5,374 (2023 - £39,415). previous capital expenditure was for new church lighting back in 2018o
Support for Mission
The PCC’s policy is to allocate a percentage of St. Luke’s net income (i.e., donations, gift aid reclaimed, legacies, interest, dividends, and the net income from renting the church hall and houses received during the previous year) to support mission and Christian activities beyond the parish, both within the United Kingdom and globally. Typically, mission giving is set at 10% of net income. However, in December 2022, the PCC resolved to allocate up to an additional 5% given the church’s substantial reserves. This policy has remained in effect for 2024.
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St Luke’s Church, Wimbledon Park
Report of the Parochial Church Council for the year ended 31 December 2024
In the first half of 2024, the PCC made payments of £28,470 representing the balance of the 2023 allocation that had not been allocated by the end of that year. The amount due for allocation in respect of 2024 (based on 2023 income) was £25,220. By the end of 2024, payments worth £19,220 had been made, leaving £6,000 to be distributed early in 2025.
The PCC also has a policy of additional support for local Anglican churches, allocating an amount which broadly reflects the difference between the amount the PCC has committed to contribute towards diocesan costs (which reflects the cost of paying and housing an incumbent) and the full average cost of ministry per parish as indicated by the diocese Parish Share Fund amount. The PCC made gifts during 2024 of £12,500 to All Saints, Wandsworth, and of £7,500 to St. Mary’s Summerstown from the 2023 allocation. A further gift of £25,000 was made to All Saints, Wandsworth from the 2024 allocation towards their appeal for internal structural repairs to the church. (The PCC has resolved for 2025 and future years to contribute to the diocese an amount equal to the full Parish Share Fund amount, which represents the full average cost of a parish, so the policy of making these grants to other churches will cease.)
Note 8 to the financial statements gives a full list of the grants made during 2024.
Financial result for the year
The result for the year, after including the gain in the value of investments, was a net deficit of £78,215 (2023 – a surplus of £9,219).
Cash flow
The bank and deposit account balances at 31 December 2024 were £172,205 (2023 - £256,591). The net cash outflow for the year was therefore £84,386 (2023 - an outflow of £10,235). This includes the balances held in our bank accounts, and our deposit funds with the CoE Central Board of Finance, which we have disclosed separately on the face of the balance sheet.
This large outflow is partly due to two exceptional factors. First there was significant spending on major repairs on the church and church hall buildings, with spending of about £60,000 above the normal maintenance budget. Second, as explained above mission grants were earlier than in the previous year, resulting in £22,000 more spending than the allocation for 2024 alone.
Balance sheet
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 equity and bond investments. The value of our fixed asset investments at 31[st] December 2024 was £185,551 (2022 - £179,500).
Current assets principally comprise cash at bank, short-term deposits held in Church of England deposit funds.
Debtors include gift-aid recoverable from HMRC in respect of the final quarter of 2024.
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 used for that specific purpose.
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St Luke’s Church, Wimbledon Park Report of the Parochial Church Council for the year ended 31 December 2024
Restricted funds at 31 December 2024 were £43,962 (2023 - £44,050), 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 in 2015 to be used to aid members of the church who are in need or face times of difficulty. The fund stood at £706 at 31 December 2024.
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.
Treasurer arrangements
In the absence of a Treasurer, the Church Wardens have formal responsibility for the accounts. Dharshika Sabaratnam, and Raine Hallett 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 Robin Ford have the power to authorise payments. Robin Ford has managed letting of the church halls. The formal financial statements have been prepared by Griffin Stone Moscrop & Co based on St Luke’s records, using as the starting point the data maintained on accounting software by the administration team.
Structure, governance and management
The PCC is a corporate body, operating under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules, and is 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 May 2023 were the vicar the Churchwardens, Barrie Huckstepp, Geoff Simpson and Violetta Barzankian-Kaydan. From May 2024 they were the vicar (until June 2024), the Churchwardens, Violetta Barzankian-Kaydan, Clare Luther and T Stileman.
The Property Maintenance Committee 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. Helen Wiffen & Jessica Murray serve as the parish Safeguarding Officers. Their role is to ensure all those working with children and vulnerable adults 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). They have established a separate ‘password-protected’ e-mail address (stlukessg@btopenworld.com) in 2023 for all safeguarding matters.
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St Luke’s Church, Wimbledon Park Report of the Parochial Church Council for the year ended 31 December 2024
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 Churchwardens 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, resigned with effect from 1 July 2024. During the interregnum, the Churchwardens supported by the Youth and Women’s worker and Administrator and by many volunteers have ensured the work of St Lukes has continued. We are grateful for the many visiting preachers who have helped us. The vacancy was advertised in March 2025, and interviews are due to be held in May 2025.
Ruth Dwyer was Youth and Women’s worker and Dharshika Sabaratnam was church Administrator.
Employees of the PCC are enrolled in the NEST pension scheme. The PCC contributes 8% of gross salaries, an increase of 1% over the amount contributed in earlier years.
Episcopal Oversight
The Bishop of Ebbsfleet 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. He met the PCC in October.
Members of the PCC
The Members of the Parochial Church Council (PCC) who served during the year 1 January to 31 December 2024, and those who are serving at the time of this report, were:
Chair
The Rev’d James Paice (until June 2024)
Churchwardens
Philip Benjamin (from May 2024) – Vice chair Pat Hall (until May 2024) Nigel Legge - Chair from July 2024
Elected Members of the Deanery Synod
Violetta Barzankian-Kaydan (until May 2024) Ruth Dwyer (from May 2024) Mark Hopkins (until May 2024) Nigel Legge (from May 2024)
Elected Representatives of the Laity
Violetta Barzankian-Kaydan (from May 2024) Philip Benjamin (until May 2024) Ruth Dwyer (until May 2024) Pat Hall (from May 2024) Marcus Hine (coopted October 2023, elected May 2024, resigned November 2024) Barrie Huckstepp Clare Luther (from May 2024) Mark Mallon (from May 2024) Anthony Parsons Geoff Simpson (until May 2024)
Violetta Barzankian-Kaydan has served also as PCC Secretary
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St Luke’s Church, Wimbledon Park Report of the Parochial Church Council for the year ended 31 December 2024
This report was approved by the PCC and signed on its behalf by:
Nigel Legge, Chair of the PCC Date: 28 April 2025
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ST LUKE'S CHURCH, WIMBLEDON PARK
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
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 2024.
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
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the church as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
7/5/2025 Signed: Dated: Richard Hill FCA
Signed:
Griffin Stone Moscrop & Co
Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
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ST LUKE'S CHURCH, WIMBLEDON PARK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net expenditure before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 85,689 157,518 12,815 256,022 340,200 340,200 (84,178) 6,051 (78,127) 1,133,307 (78,127) 1,055,180 |
Restricted funds 2024 £ - - - - 88 88 (88) - (88) 44,050 (88) 43,962 |
Total funds 2024 £ 85,689 157,518 12,815 256,022 340,288 340,288 (84,266) 6,051 (78,215) 1,177,357 (78,215) 1,099,142 |
Total funds 2023 £ 105,204 140,783 6,161 252,148 261,793 261,793 (9,645) 18,864 9,219 1,168,138 9,219 1,177,357 |
|---|---|---|---|---|
The notes on pages 4 to 18 form part of these financial statements.
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ST LUKE'S CHURCH, WIMBLEDON PARK
BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 742,834 | 742,834 | |||
| Investments | 11 | 185,551 | 179,500 | |||
| 928,385 | 922,334 | |||||
| Current assets | ||||||
| Debtors | 12 | 3,070 | 3,170 | |||
| Investments | 13 | 102,027 | 96,885 | |||
| Cash at bank and in hand | 70,178 | 159,706 | ||||
| 175,275 | 259,761 | |||||
| Creditors: amounts falling due within one | ||||||
| year | 14 | (4,518) | (4,738) | |||
| Net current assets | 170,757 | 255,023 | ||||
| Total assets less current liabilities | 1,099,142 | 1,177,357 | ||||
| Net assets excluding pension asset | 1,099,142 | 1,177,357 | ||||
| Total net assets | 1,099,142 | 1,177,357 | ||||
| Charity funds | ||||||
| Restricted funds | 15 | 43,962 | 44,050 | |||
| Unrestricted funds | 15 | 1,055,180 | 1,133,307 | |||
| Total funds | 1,099,142 | 1,177,357 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Nigel Legge, Chair of the PCC
Date: 28 April 2025
The notes on pages 4 to 18 form part of these financial statements.
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ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. General information
St Luke's Church is a conservative evangelical Anglican church located in Wimbledon Park.. A description of the nature of the church's operations and its principal activites can be found in the PCC Members' Report.
2. Accounting policies
2.1 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. The reporting currency is £ sterling, and figures within the financial statements have been rounded to the nearest £1.
St Luke's Church, Wimbledon Park constitutes a public benefit entity as defined by FRS 102.
2.2 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.
2.3 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.
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ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.3 Expenditure (continued)
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.
2.4 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.
2.5 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.
Current asset investments represent funds held by CCLA which accrue income on a quarterly basis.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
2.7 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.
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ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.8 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.
2.9 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.
2.10 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.
2.11 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.
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 66,219 Listed Place of Worship grant 7,701 Income tax recoverable 11,769 85,689 Unrestricted funds 2023 £ Donations 92,129 Income tax recoverable 12,975 105,104 |
Restricted funds 2024 £ - - - - Restricted funds 2023 £ 100 - 100 |
Total funds 2024 £ 66,219 7,701 11,769 |
|---|---|---|
| 85,689 | ||
| Total funds 2023 £ 92,229 12,975 |
||
| 105,204 |
4. Income from charitable activities
| Unrestricted funds 2024 £ Income from church hall 42,551 Income from church houses 113,754 Income from other church groups 1,213 157,518 |
Total funds 2024 £ 42,551 113,754 1,213 |
|---|---|
| 157,518 |
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. Income from charitable activities (continued)
| Unrestricted funds 2023 £ Income from church hall 38,696 Income from church houses 101,582 Income from other church groups 505 Total 2023 140,783 Investment income Unrestricted funds 2024 £ Income from local listed investments 12,815 Unrestricted funds 2023 £ Income from local listed investments 6,161 |
Total funds 2023 £ 38,696 101,582 505 |
|---|---|
| 140,783 | |
| Total funds 2024 £ 12,815 |
|
| Total funds 2023 £ 6,161 |
5. Investment income
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Church activities 340,200 Unrestricted funds 2023 £ Church activities 261,390 |
Restricted funds 2024 £ 88 Restricted funds 2023 £ 403 |
Total 2024 £ 340,288 |
|---|---|---|
| Total 2023 £ 261,793 |
7. Analysis of expenditure by activities
| Church activities Church activities |
Activities undertaken directly 2024 £ 243,648 Activities undertaken directly 2023 £ 222,200 |
Grant funding of activities 2024 Support and governance costs 2024 £ £ 92,778 3,862 Grant funding of activities 2023 Support and governance costs 2023 £ £ 35,613 3,980 |
Total funds 2024 £ 340,288 |
|---|---|---|---|
| Total funds 2023 £ 261,793 |
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Diocesan parish contribution Church and church hall running expenses (excluding administrator costs) Other clergy costs Church houses running costs Church maintenance and replacement costs Church houses repairs and refurbishments Church cleaning |
Total funds 2024 £ 45,207 63,000 38,156 219 7,710 75,678 5,374 8,304 243,648 |
Total funds 2023 £ 43,057 63,000 43,974 835 6,766 18,961 39,415 6,192 |
|---|---|---|
| 222,200 |
Analysis of support costs
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Governance costs | 3,862 | 3,980 |
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. Analysis of grants
| Grants to Institutions 2024 £ Grants made by the PCC 89,940 Grants to Institutions 2023 £ Grants made by the PCC 30,580 The Charity has made the following material grants to institutions during the year: Name of institution Holy Cross Church Sheffield Crosslinks St Patricks Bible College, Madagascar London City Mission Options Wimbledon pregnancy resource centre Gaines Christian Activity Centre Leeds University Christian Union St Mary's, Summerstown Jews for Jesus Trinity Church, Central London All Saints Church, Wandsworth St Andrews Church, Wimbeldon Union Chapel North Wiltshire Streatham Vale Church |
Grants to Individuals 2024 £ 2,838 Grants to Individuals 2023 £ 5,033 2024 £ 6,840 6,840 7,990 3,640 3,800 6,840 300 7,500 3,640 3,250 37,500 - 1,800 - 89,940 89,940 |
Total funds 2024 £ 92,778 |
|---|---|---|
| Total funds 2023 £ 35,613 |
||
| 2023 £ - - 3,750 1,000 - - - - 2,630 3,000 - 10,100 - 10,100 |
||
| 30,580 | ||
| 30,580 |
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2024 £ 41,620 3,587 45,207 |
2023 £ 40,398 2,659 |
|---|---|---|
| 43,057 |
The average number of persons employed by the Charity during the year was as follows:
| 2024 | 2023 |
|---|---|
| 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. The diocese meets the cost of the vicar’s stipend and other employment costs, and provides and maintains the vicarage. The PCC and other PCCs in the diocese contribute to the cost of running the diocese.
Other than described in note 18, "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.
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. Tangible fixed assets
| Cost or valuation At 1 January 2024 At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Freehold property £ 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.
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Fixed asset investments
| Cost or valuation At 1 January 2024 Revaluations At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Listed investments £ 179,500 6,051 |
|---|---|
| 185,551 | |
| 185,551 | |
| 179,500 |
The market value of the holdings in funds have been derived from quoted prices obtained from valuation summaries provided by the Diocese of Southwark, who are custodian trustee for these funds.
| 12. Debtors Due within one year Tax recoverable 13. Current asset investments CBF deposit accounts 14. Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income |
2024 £ 3,070 2024 £ 102,027 2024 £ 287 450 3,781 |
2023 £ 3,170 2023 £ 96,885 2023 £ 287 400 4,051 |
|---|---|---|
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. Creditors: amounts falling due within one year (continued)
| 2024 £ 4,518 |
2023 £ |
|---|---|
| 4,738 |
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Mission Funds Restricted funds Pastoral Fund Passmore Fund Other Small Funds Clarkson Fund Total of funds |
Balance at 1 January 2024 £ 1,104,244 29,063 1,133,307 794 1,836 7,570 33,850 44,050 1,177,357 |
Income £ 256,022 - 256,022 - - - - - 256,022 |
Expenditure £ (247,510) (92,690) (340,200) (88) - - - (88) (340,288) |
Transfers in/out £ (69,627) 69,627 - - - - - - - |
Gains/ (Losses) £ 6,051 - 6,051 - - - - - 6,051 |
Balance at 31 December 2024 £ 1,049,180 6,000 |
|---|---|---|---|---|---|---|
| 1,055,180 | ||||||
| 706 1,836 7,570 33,850 |
||||||
| 43,962 | ||||||
| 1,099,142 |
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 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 Passmore Fund (received by way of a legacy) is to be used for the upkeep of the Chapel.
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.
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. Summary of funds
Summary of funds - current year
General funds Restricted funds |
Balance at 1 January 2024 £ 1,133,307 44,050 1,177,357 |
Income £ 256,022 - 256,022 |
Expenditure £ (340,200) (88) (340,288) |
Transfers in/out £ - - - |
Gains/ (Losses) £ 6,051 - 6,051 |
Balance at 31 December 2024 £ 1,055,180 43,962 |
|---|---|---|---|---|---|---|
| 1,099,142 |
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 742,834 Fixed asset investments 185,551 Current assets 131,313 Creditors due within one year (4,518) Total 1,055,180 |
Restricted funds 2024 £ - - 43,962 - 43,962 |
Total funds 2024 £ 742,834 185,551 175,275 (4,518) |
|---|---|---|
| 1,099,142 |
18. 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 £11,120 to St Luke’s during 2024 (2023 - £11,888) 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, Christian Stewardship or through payroll giving.
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Docusign Envelope ID: E514480C-E52E-493E-871E-E732C673938B
ST LUKE'S CHURCH, WIMBLEDON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
19. 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..
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