2020-12-31-accounts

St Au8U51ine's Church. Tooting - Annual Report for 2020 Alms and purp05e5 St Augustine's PCC has the responsibllity of eo-operating with the Sncumbent in promoting the whole mis￿on of the thurch in the parish. as well as caring for its congregation, bu51dings and finan￿. The Parochi31 Church Council IPCCI is registered with the Charity Commission as CharSty No 1162143 and has prepared its accounts in accordance wtth the Statement of Recommended Practice appllcable to charities preparlng their accounts in accordance with the Financial Reporting Standard 102. Objectives The PCC is committed to enabling as many people as possible to worship at our church and to become part of our church community at St Au8UStine's. The PCC maintains an overview of worship throughout the parlsh. Our services and worship PLrt faith into practice through prayer and scripture, music and sacrament. When plannin8 our actNlties forthe year, the PCC have considered the Commlsslon's guidance on publlc benefit and, In partlcukr the specific guidance for charities on the advancement of religion. In particular. we try to enable o¥dinary people to live out thelr faY(h as part of our parish community through worship and prayer, pastoral care and misslon and cornmunity involvement. As part of this work it is important to maintain the fabTiC of our buildings. Achlevements The church is keen to offer a range of sèrvlces over the course of the year that the commttnity find both beneficial and spiritually fulfilling. For example, Lent provides a quiet. intimate and reflettive environment for worship,. opportunities are provided for people to engage in more Informal worship at Communion on the second Sunday of each month.. prayer for heallng Is offered durlnE Parfsh Eucharist on the last Sunday of each month and at the Communlon service each Thursday mornin8. The church has welcomed groups from loca1 schools durlng the year and has contributed to the annual Tootlng Peace Ceremony and CommunSty Awards evening organised by the 8alham and Tootlng Community Association. The parlsh has a strong commitment to serve the African-CarlbbÈan Community. A highlight of each year is the Emancipation Day setvice and lunch early in August. The parish also acts as host to the West Indlan Famllles and Friends Association and to Foundation UK for thelr annual servlces. All are welcome to attend our regular service5. There were Tl Members on the chu¥ch electoral roll at the 2020 APCM of whom 13 were resident in the parish and 64 non-resident. There is a calendar of well supported social and communlty events normally Including an annual Fun Day arranged jointly wlth Gatton PrSmary School la Muslim schooll and 8alham and Tootlng ComM￿nty Asso¢latSon. In July 2019 this was attended by about 3.000 people, but it was not possible tts hold thi5 again until 2022. The Broadwater Bulletin. our parish magazine. whlch 15 produced monthly and distributed free of charge, keeps parishloners Informed of matters affecting the church and a parish website 3t WWW.8U ustinetootin .£o.uk gives full detalls of all our actlvltles. Flnanclal Revlew In 2020 the General Fund reflectiRg ch￿rCh and Hall activities showed a defic￿ for the year of £18,57612019- Church Sufplus £10,967 and Hall Surplus £19.0761. Planned giving was £18,048 before Gift Aid compared wlth £21,320 in the previtsus year. Income frorn letting the church to the Seventh Day Adventist Church and Gloryland Minlstries reduced to £6,31812019- £22.1761. Hall letting income reduced from £39,576 in 2019 to £25,230. Car Park income reduced to É1,41012019: E4,3351. The maln reason for all these ￿dUCtIonS was the effect of the pandemlc. Followlng the sale tn 2015 of a freehold interest in St Augustine's House, an adjacent property in which a long leasehold interest had been sold thlrty years or more previously, the PCC lThvested the sale proceeds of £250,OCh) irn equities and properties through Collective Investment funds as detailed in note 5b to the accounts. These investments generated income of £10.979 during the year and redU￿d in value by £19,710 to £273.726. Page I

The PCC Increased theirconthbution to the diocesèn Par5sh Support Fund frorn £40.300 in 2019 to £42,000. Thls largely provldes for the stipends and housing of Southwark stipendiary dergy. Overall funds stood at £434.305 atthe end of the year, down from £472,591 the prevlous year. Impact of Coron8virus pandemlc As Shown in the Financial Review, the income of the PCC for 2020 from the lettit)g of the Church and the Hall ha5 rèduced signlficantly as the buSldings could not be used for some months as a result of the Coronavirus pandemic. The donatlOn5 from the congregation have also reduced to SOMÈ extent. However. the PCC ha5 5ubstantS81 reseryes and this reduttion in income will not affect the future 3Ctivities of the PCC. Reserves pollcy It Is the PCC pollcy to maintsin a balance in unrestricted fund5 which equates to at least twelve months unrestricted paymefits, roughly equlvalent to £50,000 to cover calls on funds which may arise from time to time. Deslgnated and Restricted funds are held as outlined in Notes 8 and 9 to the Accounts. Reserves I￿ invested in collective investments funds or interest bearing accounts with CAF Bank and National Savlngs. Structiirep governancÈ and management The rnethod of appointment of PCC members 15 set out in the Church Representation Rule5. All member5 of the congregation are encouraged to register on the Elertoral Roll and stand for PCC. The PCC is responsible for making decisions on all rnatter5 of general concern and Importance to the parlsh IncludlnE decldSng how the funds of the PCC are to be spent. The full PCC met 7 tlmes during the vear. Trustees. statement of responslljlllty In relatlon io the attounts. The Charities Act 2011 requires the trustees to ensure that accountlng records are kept In respect of the Charlty whlch are sufflclent to show and explain all the CharitV5 tran58Ctions, and which are such as to.. disclose at any tirne, with reasonable accuracy, the financial position at the that time enable theTru5tee5 to prepare in respect of each financial year of the Charity 3 Statement of accounts complySng wlth the requlrements as prescribed by regulations made by the Secretary of State. bl Administrative informatlon Member5 of the PCC are either ex-officio or elected by the annual parochlal church meetin8 IAPCMI or co-opted by the elected members in accordance with the Church Rep￿sentatIOn Rules. Durlng the year 2020 and to date the followinB served on the PCC:. In¢umbent: The Rev'd Dr Andrew Davey (until l March 20211 The Rev'd AnBela Rayner Ifrorn 27 April 20221 The Re¢d Sarah Jack50n luntil 20 March 20201 Mr Rupert Payne Mr Russell Yates Mrs Ethel Addo Mrs Anne McG¥e8or (Treasurer) Ms Jackle Obodai Mrs Myra Nichols (resignéd 30 September 20201 Mrs Bemite Baird-Dundas Mrs Yvonne Clarke Ms Claudette Dey Miss Helen Duxbury Miss Kathy Gittens Oth•r dew. Churchwarden5: Representatives on the (Yearsery Synod: EK- officlo as a Reader Elected members: Mr Horatio Obodai (until 25 April 20211 Ms Doris Pappoe Mrs Theresa Payne Ms Rachel Phillips Mr5 Idene Waithe (Secretary) The Re¢d Angela Rayner, on behalf ofthe PCC. 16 Ortober 2022 Pagè 2

ST AUGUSTINE'S CHURCH, TOOTING NOTES TO THE ACCOUNTS FOR THE YL4 AR ENDED 31 DECEMBER 2020 I ACCOUNTING POLICIES Thc pnncipal aecouttting policies adopted, judgernents and key sour¢e5 of estimation uncertainty in the pirparatio ofthe accounts are as follows". Bo￿$ of fingnel#l staiement$ These accounts have be¢n p￿pared in accordance with the Siat¢m¢Trt of R¢¢ommended PFUCtiee'. Accounting and Reporting by Charities PTeparing their accovrt¢g in accordan¢e wilh the Financial Rrporting Stsndard applitable ID the UK and Republic of Ireland, IFRS 102} and the Charities SORP 2015 ISORP 20151 as amended by Updated BulletLn l. The PCC is a public bEn¢fil cnlity with the meaning of FRS102. The accounts have been prepared underthe historical cosi Lonvention except for the valuation of investTnenl asset$. which are showt] at market value. The accounts includ¢ all transactions. assets and li8bilitits for whith the PCC is ￿sponSible in law. They do not iaclude the accounts of church groups that ow¢ Iheir main affiliation to 2n(pthu t￿y. nor those that ar¢ infom￿[ gatherings ofchur¢h rn¢mbers. Prep8ratlon of the accounts on a golnE Concern ba$1$ During tbe year the ¢hut¢h repotted 2 deficit of £18.57612018 net income of £29.681) due to restrictions imposed tecause of Covid-19. BudLTrei for 2021 was to reduce the defi¢it a5 rcstrictions were eLse(L The PCC had reserves totalling £434.305 at 31 Decembcr 2020. The memb¢ts ofthe PCC are not aware of any citcumstaDces whi¢h tnight affect the going con¢ern statlls of the church in the foTeseeable future. For thts reason, the m¢n]bers of the PCC of the opiDion th2t the church can be considerd a going con¢¢rn for the foreseeable fvture, this being a periiyj of at least 12 months from the da* vf approval of the balance 8he¢t. FwAd$ Unreylrictedfunds are funds set aside by the PCC that ere not subject to ally restrictions r¢gardsng theiruse ond are available for application on the general puEp05es of the PCC. De&lgnattrdfyAds are general fi2nds set aside for a parti¢ular purpose by the PCC. They are al80 unrestricted. Restri¢iffdfvnds repres¢ot (al income from bequests whi¢h nmy b¢ expeDded only on those restricted objtKts pn)vid¢d in the iemig of the bequest, Ib) donations or grants re¢esved for a sp¢cifi¢ object or invit¢d by th¢ PCC for & SP￿lf1¢ obje£i. Th¢ funds may only be expended on the specific object for which Ih¢y were 8Lven. Any balAllce remaining unspent ai the end ofthe yearmust be carriol forward as a balance on that Income #nd endowment5 All income 1$ r¢cognised in the Statement of Financial Activitie5 Once the PCC has ¢otitletnent to the income, it is PTobable that the in¢ome will be received and the amount of income receiyable can be measured reliably. Don¢Ttions and ettpilalsources CollectioJ]s ale re¢oglli5ed when ie¢¢ived by or on behalf of the PCC. Planned giving rcceivdble under gift aid is rtcognis¢d only when received. Jncomc tax re¢overable on gift aid donations is recogni5￿ when the income is ttcogllised. Grdnts legacies to the PCC arc accoutttd for as 500n as Iht PCC is no>tificd of its le¥21 entitlement, the amount due can be meA$urtd reliably and its ultimate receipt by the PCC is consideredprobable. Other fjrdinarv income Rental income from the letting of church premis¢s and other buildings is recognised when the rental is due, subj¢ot to a provision for possible non-recovery. Page 5

ST AUGUSTILNE'S CHURCH, TOOTING NOTES TO THE ACCOUNTS (cont'd) FOR THE YEAR ENDED 31 DEC£MBER 2020 I ACCOUNTING POLICIES Itont'dl Income Ind endoW￿ellt$ {eont'd) Incomelrom inwslFnÉrtts DiYid¢Ads are accounted forwhen du¢ and payable. Interest entitlernents are ￿cOUnted for as they ac¢Ne. Tax recoverable on such incomc 15 recognised sn tbe same accountirtg year. Exp¢Ddltyrt Liabilities arc recogni8cd ill the Stst¢m¢nt of Financial Activitie5 as Expenditure as soon as th¢re 18 * legal or collstwctiv¢ obligaiioD ci)mmitting the PCC to that expenditure, It is probable ihat settlement will be requir¢d and the amouttt of the obligation can be Fncasured T¢liably. Govgrnonre costs include costs of the preparation and exaTnination of statutory accounts, the tosts of trustee meetings and cost of any legal adviceto trustees on governance or constitution21 matters. Grantsp(T)'LTble Grants and donatsons ar¢ a¢wutJt¢d for by the PCC once there is a lesal or coTrstru¢tive obligatitsn w mak¢ a payjnellt to a third party, it l5 prolmble that settleTn￿l will be requir￿ 8txl th¢ arnount of the obligation c8n b¢ measured reliably. ActivitE&i dlrecilv relaling lo the work ofihe church The dioce58n 5harc is aecounted for when paid. Any parish.%lwe unpaid at 31 December is provided for in the5C ¢ounts as an operational (though not a l¢gal) liability aDd is shown as a creditor ID the Balance Sh¢¢t. Irrecoveroble VA T InE¢overable VAT is char8ed as a cost agaijjst the 8ctLvity fvrwhich the expenditutt was incurr￿. Flxed assets cO￿eera1edprop¢rty ond movable churchfvrnishings. Consmted arld ben¢fic¢d propty is not included in th¢ accounts sn aecord&nce with s.10 {21 (al 2nd {cl of thc Charitie8 Act 2011. Mov¢able church furnishings held by the Vicar and churchwardens on spccial trust ftsr the PCC and which require a faculty f(>r disposal are accounted as inalienable p]t)perty. They are list¢d in the ehurch's inventory which can be insp￿led lat 8ny reasonable timel. bor inalienable property acqui￿0 prior to l JanuAry 2008 there is insufficient C05t ittformaiion available and Lherefore such assets are not valued in the a¢courtLS. ILcnJs acquiffd $￿ttee l January 2008 haye been ¢apitalised and deprcciated in the accounts over their current anticipatd llsetiil economic life lillitially ov¢r 10 yeats) on a straight litte basi5. All expenditUT¢ incllrred during the yearon conwrated or beneficed builthngs. indivsduol items under £i,IY)O or on th¢ ryir of movcable church fumishings acquired before l January 2008 is WTitten off. OfherfLttt4r8s, Jiiiing.F und equiprnertl EquipTn¢nt uled within the chuT¢h premis¢s 1$ depreciated on a str2i8bt-line basi5 over 4 yeats. Individual itetns of equipment with a pur¢]Jase price of £l.l)00 or1¢5s are written off when th¢ asset 1$ acquired. Hall b#ildlpJg tmproveMenls,fvfvres rtndfliilngs New Dvajor capital it¢nis are dep￿Clated on a straight line basis over 10 ye8rs. Individual items of equipment with a purchase price of £l,WO or less are written off whcn the asset is acquired. Inv8SthtertlS InVest￿ents ar¢ valued at market value at 31 D￿ember. Page 6

ST AUGUSTINE'S CHURC￿ TOOTING NOTES TO I'HE ACCOU￿'Ts (eont'd) FOR THE YEAR ENDED 3] DECEMBER 2020 I ACCOUNTING POLICIES (Co￿t,&) Curreni ￿Sets Amounts owing to th¢ PCC at 31 December in respect of fee5, rents or other income are shown as debto]s less provision for amounts thai may prove une1)I1￿l8b1e. Short terni deposits iTrclude ¢a5h held on deposit either with the CBF Chur¢h of England Funds or atthc bank. Finantlalinstrtsthents The churLh only has financjal assets attd financi￿ liabilities of a kind that qualify as basic flnancial inStruMe￿ts. Basic financial instruments are ittitialIy rc¢oBnised at ttaBsactioll value and subsequcnlly Jneasured at their settlement valut. Page 7

INDEPENDENT EXAMINER’S REPORT

Independent examiner’s report to The Parochial Church Council of The Ecclesiastical Parish of St Augustine, Tooting (Charity no 1162143) on the financial statements of the charity for the year ended 31 December 2020, which comprise the statement of Financial Activities, the Balance Sheet and the related notes 1-15.

Responsibilities and basis of report

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’). The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to examine the accounts under section 145 of the Charities Act, follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and state whether particular matters have come to my attention.

Independent examiner’s statement

Where the charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination by being a registered member of the Chartered Association of Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that:

• (1) In connection with my examination, no material matters have come to my attention which give me cause to believe that, in any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Report) Regulation 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.

• (2) 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.

Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Limited 167 Clarence Avenue, New Malden, Surrey KT3 3TX

Date: 17[th] October 2022

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