## **The Parochial Church Council of St. Augustine’s Church, Tooting** Registered Charity No. 1162143 ## **Annual Report and Financial Statements** For the year ended 31[st] December 2022 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## CONTENTS For the year ended 31 December 2022 ||**Page**| |---|---| |**Legal and Administrative Details**|1| |**Trustees’ Annual Report**|2-4| |**Independent Examiner’s Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7| |**Notes to the Financial Statements**|8 -16| ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## LEGAL AND ADMINISTRATIVE DETAILS For the year ended 31 December 2022 |**Registered charity no.**|1162143| |---|---| ||The Parochial Church Council of the Ecclesiastical Parish| ||of St Augustine, Tooting| |**Start of the Financial year**|1 January 2022| |**End of the Financial year**|31 December 2022| |**Vicar**|The Rev'd Angela Rayner| |**Principal address:**|16-18 Broadwater Road| ||Tooting| ||London| ||SW17 0EF| |**Primary bankers:**|CAF Bank Ltd| ||25 Kings Hill Avenue| ||Kings Hill| ||West Malling| ||Kent, ME19 4JQ| |**Independent examiner**|Chaweevan Williams FCCA| ||Verdant Accountants Ltd| ||Chartered Certified Accountants| ||20-22 Wenlock Road| ||London| ||N1 7GU| Page 1 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## TRUSTEES’ ANNUAL REPORT For the year ended 31 December 2022 ## **Aims and purposes** The chief aim of St Augustine’s Church, Tooting is to worship God, and to proclaim the good news of Jesus Christ to the people of Tooting. St Augustine’s PCC has the responsibility of cooperating with the incumbent in promoting the whole mission of the church in the parish, as well as caring for its congregation, buildings and finances. The Parochial Church Council (PCC) is registered with the Charity Commission as Charity No 1162143 and has prepared its accounts in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102. ## **Objectives** The PCC is committed to proclaiming and sharing the gospel in order to enable as many people as possible to worship at our church and to become part of the body of Christ through Baptism and Eucharist, and to make a commitment to the parish church by being listed on St Augustine’s electoral roll. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the PCC consider the commission’s guidance on public benefit and, in particular, the specific guidance for charities on the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through worship and prayer, pastoral care, mission and evangelism, and community involvement. It remains important to maintain the fabric of our buildings in order that this work might continue. ## **Achievements** The new Vicar arrived in April 2022, and since arrival has guided the PCC to follow the priorities set out in the advertised parish profile. Our focus has lain in three areas; a) Children and Youth Ministry, b) Community Engagement, and c) Mission and Discipleship. ## _Children and Youth Ministry:_ After quite some effort, St Augustine’s established contact with Broadwater School, hosting a number of classes and activities with them through visits to the church, and by means of one assembly. Al Risalah School has also paid several educational visits to the Church to learn about Christianity. Children’s ministry remains one of the trickier areas for development, as members of the church do not have young family members or friends living close by to invite to the church. It became clear in 2022 that Broadwater School would close due to falling numbers of children. As a long term aim, we hope to establish a week-day Toddler group, and also to develop a relationship with the nursery that hires our church hall. It is the PCC’s intention to rebuild the Children’s Corner once funds have been secured for this task. ## _Community Engagement:_ As part of a wider Deanery initiative, St Augustine’s opened its doors for four hours every Thursday afternoon in November and December (and will continue for two months in 2023) to welcome anybody in the community seeking warmth and company. It was a successful project, but strengthened considerably when inviting volunteers from the Scrapstore on Blackshaw Road. There was a visible increase in people visiting during the days in which we held joint sessions with the craft group volunteers. Sue McKinney kindly joined the church as a corporate member to the Scrapstore, and we hope to continue a relationship with the group. We hosted what is now one of the highlights of the local community, a very successful 2022 Funday, alongside BACTA and the Al Risalah Trust. Page 2 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## TRUSTEES’ ANNUAL REPORT (continued) For the year ended 31 December 2022 ## **Achievements (continued)** ## _Mission & Discipleship:_ The PCC planned to re-start the 10am Thursday Euchaist and Bible Study group in early 2023. This had not functioned since the end of the pandemic. It is the main opportunity for receiving teaching outside the 11am Eucharist. In 2022, we’ve been limited in what can be offered due to the incumbent operating at a stretch due to the shared Benefice arrangements. Due to capacity issues, we advertised in mid-2022 for a non-stipendiary Associate Priest, and received one application, with an interview set for early 2023. This was to improve our Sunday and weekday capacity, and distribute the pastoral load more evenly. ## _Other matters_ The clergy vestry at St Augustine’s remains to be cleaned and tidied; we hope to complete this in early 2023. The PCC need to explore adding Wi-Fi, and also installing a tap-to-give machine in the church. The St Augustine’s website and the internal and external church signage all need to be redrawn; we will be in a stronger position to do this once (we hope) the ministry team has been grown. The church is keen to offer a range of services over the course of the year that the community find both beneficial and spiritually fulfilling. During Lent, St Augustine’s aim to offer a day-time opportunity for study, with Holy Trinity (our sister church) offering the same in the evening. In future years, we hope to build upon and strengthen the church’s worship offerings during key times of the year eg. Christmas and Holy Week. All are welcome to attend our regular services. There were 71 members on the electoral roll at the 2022 APCM. ## **Financial Review** No financial report was written or provided by the PCC Treasurer for the 2022 annual report. It is hoped that this will be remedied in 2023. After reviewing several quotations, the PCC agreed to the appointment of Verdant Accountants to complete the accounts for the year ending December 2022. ## **Reserves Policy** It is the PCC policy to maintain a balance in unrestricted funds which equates to at least twelve months unrestricted payments, roughly equivalent to £50,000 to cover calls on funds which may arise from time to time. Designated and Restricted funds are held as outlined in Notes 8 and 9 to the Accounts. Reserves are invested in collective investment accounts or interest bearing accounts with CAF Bank and National Savings. ## **Structure, governance and management** The method of appointment of PCC members is set out in the Church Representation Rules. All members of the congregation are encouraged to register on the Electoral Roll and stand for PCC. The PCC is responsible for making decisions on all matters of general concern and importance to the parish including deciding how the funds of he PCC are to be spent. The full PCC met 7 times during the year. Page 3 ST. AUGUSTINE'S CHURCH. TOOTING TRUSTEES, ANNUAL REPORT (continued) For Ihe ar ended 31 December 2022 Trustees. statement ol respon$lbllity In relatlon to the accounls. Th8 Charities Act 2011 requires tho Iruslees to ensuro that accounling records are kept in respecl of the Charity whlch af8 suffioent to show and 8xplaln all of tha Ch￿S transadions. and whlch ar8 such as to.. a) disdos8 al any time. with rea50nablB accuw. the financial ¢h)sits"M al thal time b} enatle lh8 TNslees lo pfepare in resped of eath financial year of the Chanty a statement of aexounts complying with the requirements as w95thbod by regulalK)ns made by Ihe Seuetsry of Slate AdmlnistTativo Infonnalion Memb0￿ ol tho PCC aro either ex-officv) or eleded by iho annual parochi31 church meeting (APCM) or ¢tropl8d by Ihe elecled membets in accordance ￿1h the Chur¢h Rgpresentabon Rules. Dufing the year 2022 and lo dal8 lh8 following served on the PCC:. Incumbent: The Rev'd Angela Rayner (from 27 Apnl 2022) ChurchwaTdens". Mr Rupert Payne lar Russell Yales Representatlves On the Deanery Synod: Mrs Ethel Addo AJ)ne McGregor (Treasurer) Ms Jackte Obodal Elected Members: Mts 8emkee 8air&Dundas Ms Claudette Dty Miss Helen Duxbury M15s Kathy Gittens Ms Doris Pappo8 Mrs Theresa Payne Ms Rachel Ph111ip5 Mrs Idene Wallhe (Secretary) Approved by the PCC and rjn Ils tehaW by.. Th• Rov'd Angola Raynor Dato: AYi( 25121, Page 4 ## **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 2022, which comprise the statement of Financial Activities, the Balance Sheet and the notes to the accounts. ## **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** Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Road, London N1 7GU Date: 26[th] February 2024 14 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2022 |||**Unrestricted **|**Designated **|**Restricted**|**TOTAL**|TOTAL| |---|---|---|---|---|---|---| |||**funds**|**funds**|**funds**|**FUNDS**|FUNDS| ||||||**2022**|2021| ||**Note**|**£**|**£**|**£**|**£**|£| |**INCOME FROM**||||||| |_Donations and legacies_|2(a)
|**68,797**|**-**|**-**|**68,797**|177,016| |_Church activities_|2(b)
|**47,123**|**-**|**-**|**47,123**|36,364| |_Investments_|2(c)|**12,672**|**-**|**-**|**12,672**|11,850| |**TOTAL INCOMING RESOURCES**||**128,592**|**-**|**-**|**128,592**|225,230| |**EXPENDITURE ON:**||||||| |_Church activities_|3(a)|**93,861**|**-**|**-**|**93,861**|101,698| |_Raising funds_|3(b)|**-**|**-**|**-**|**-**|-| |**TOTAL RESOURCES EXPENDED**||**93,861**|**-**|**-**|**93,861**|101,698| |||||||| |**NET INCOME/(EXPENDITURE)**||**34,731**|**-**|**-**|**34,731**|**123,532**| |TRANSFERS BETWEEN FUNDS|8(d) & 9(d)|||||| |**Other recognised gains/(losses)**||||||| |Unrealised gain/(loss) on investment assets||**(22,166)**|||**(22,166)**|35,178| |**NET MOVEMENT IN FUNDS**||**12,565**|**-**|**-**|**12,565**|158,710| |BALANCES BROUGHT FORWARD AT||||||| |01 January 2022||**216,349**|**354,581**|**22,085**|**593,015**|434,305| |**BALANCES CARRIED FORWARD AT**||||||| |**31 DECEMBER 2022**||**228,914**|**354,581**|**22,085**|**605,580**|**593,015**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes on pages 8 to 16 form part of these accounts. Page 6 ST. AUGUSTINE'S CHURCH, TOOTING BALANCE SHEET As at 310ecember 2022 2022 2022 2021 not• FIXED ASSETS Proporty. plani and •qulpm•nl 5(a) 4.389 5,978 308.904 In¥eslm•nts 5(b) 286.738 291,127 314.882 CURRENT ASSETS Dèbtors 10,250 Cash al bank and In hand 320,691 326,031 285.290 295.540 UABILinES: Amounts falllng duo wlthln gno year 7 11.578 17.407 Net current assets 314,453 278,133 NEf ASSETS 605,580 593,015 FUNDS Unrestrfcted General 228.914 216.349 Deslgnat•d Church hall fund Church building lurmj 88nBfu gvonts fund 81a) 8(bl 8(c) 153.907 199,009 1.665 153.907 199.009 1.665 354.581 354,581 Restrlctod Organ and Music fund Vestrnents fvnd Slglla Tull LegaGy Fund 91a) 9(b) 9(¢) 20,695 460 930 20,695 460 930 22.085 21085 605 580 593,015 Appmved by the PCC and signed on ils behall ty. The Rèv'd Angela Rayn•r Dato: The noles on pages 810 16 Iwn part of thes8 accounts. Paga 7 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 ## **1 ACCOUNTING POLICIES** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are as follows: ## **Basis of financial statements** These accounts 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 Standards, applicable in the UK and Republic of Ireland (FRS 102), and the Charities SORP 2015 (SORP 2015) as amended by Updated Bulletin 1. The PCC is a public benefit entity with the meaning of FRS102. The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The accounts include all transactions, assets, and liabilities, for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Preparation of the accounts on a going concern basis** During the year, the church reported a surplus before unrealised gain (loss) on investment assets of £ 34,731 (2021 surplus of £123,532) including the remainder of a legacy of £ Nil (2021 £150,000) received in the year. Overall funds stood at £605,580 at the end of year (2021 £ 593,015). Budget for 2023 is to break even. The PCC had reserves totalling £50,000 at 31 December 2022. The members of the PCC are not aware of any circumstances which might affect the going concern status of the church in the foreseeable future. For this reason, the members of the PCC are of the opinion that the church can be considered a going concern for the foreseeable future, this being a period of at least 12 months from the date of approval of the balance sheet. ## **Funds** _Unrestricted funds_ are funds set aside by the PCC that are not subject to any restrictions regarding the use and are available for application on the general purposes of the PCC. _Designated funds_ are general funds set aside for a particular purpose by the PCC. They are also unrestricted. _Restricted funds_ represent (a) income from bequests which may be expended only on those restricted objects provided in the terms of the bequest, and (b) donations, or grants received for a specific object, or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. Page 8 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 ## **1 ACCOUNTING POLICIES (continued)** ## **Income and endowments** All income is recognised in the Statement of Financial Activities once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## _Donations and capital sources_ Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due can be measured reliably and its ultimate receipt by the PCC is considered probable. ## _Other ordinary income_ Rental income from the letting of church premises and other buildings is recognised when the rental is due, subject to a provision for possible non-recovery. ## _Income from investments._ Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. ## **Expenditure** Liabilities are recognised in the statement of financial activities as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## _Governance costs_ _Governance_ costs include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _Grants payable_ Grants and donations are accounted for by the PCC once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. ## _Activities directly relating to the work of the church_ The diocesan share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. ## _Irrecoverable VAT_ Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Page 9 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 ## **1 ACCOUNTING POLICIES (continued)** ## **Fixed assets** ## _Consecrated property and movable church furnishings._ Consecrated and beneficed property is not included in the accounts in accordance with s.10 (2) (a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted as inalienable property. They are listed in the church’s inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 1 January 2008 there is insufficient cost information available, and therefore such assets are not valued in the accounts. Items acquired since 1 January 2008 have been capitalised and depreciated in the accounts over their current anticipated useful economic life (initially over 10 years) on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2008 is written off. ## _Other fixtures, fittings and equipment_ 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 £1,000 or less are written off when the asset is acquired. ## _Hall building, improvements, fixtures and fittings_ New major capital items are depreciated on a straight line basis over 10 years. Individual items of equipment with a purchase price of £1,000 or less or written off when the asset is acquired. ## _Investments_ Investments are valued at market value at 31 December. ## _**Current assets**_ Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. ## _**Financial instruments**_ The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page 10 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 |**2**
**INCOME FROM**
2(a) **Income from Donations and legacies**
Planned giving
Loose collections
Income tax recoverable
Legacies
Other donations
2(b) **Income from Church activities**
Church lettings
Church hall lettings
Tooting Deanery grant
Car Park
Service fees
2(c)
**Income from investments**
Bank Interest
Income from investments
**TOTAL INCOME**|**Unrestricted**
**Designated**
**Restricted**
**TOTAL**
TOTAL
**funds**
**funds**
**funds**
**FUNDS**
FUNDS
**2022**
2021
**£**
**£**
**£**
**£**
£| |---|---| ||**17,863**- -**17,863**16,643
**2,633**- -**2,633**4,823
**6,780**- -**6,780**5,200
**-**- -**-**150,000
**41,521**- -**41,521**350| ||**68,797**- -**68,797**177,016| ||**11,682**- -**11,682**5,203
**29,779**- -**29,779**23,683
**2,400**- -**2,400**377
**2,447**- -**2,447**5,240
**815**- -**815**1,861| ||**47,123**- -**47,123**36,364| ||**502**- -**502**231
**12,170**- -**12,170**11,619| ||**12,672**- -**12,672**11,850| ||**128,592 - - 128,592 225,230**| Page 11 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 |**3**
**EXPENDITURE ON**
3(a)**Church activities**
Wider ministry - grants (see note 10)
**Running costs**
Ministry: Diocesan quota
Clergy expenses
Diocesan fee re services and lay staff
Insurance
Electricity
Gas
Cleaning
Organists, music and organ
Church repairs and maintenance
Fabric and ornaments
Church furniture & equipment depreciation
Service sheets & booklets
Expenses of other social events
Website
General expenses
**Church hall costs**
Waste removal
General supplies
Cleaning
Electricity
Gas
Water rates
Insurance
Repairs and maintenance
**Church management and administration**
Parish Office expenses
Salaries
Telephone
Independent examiner's fees
**TOTAL OF CHURCH ACTIVITIES**
_3(b)_**Raising funds**
Stewardship costs
**TOTAL EXPENDITURE**|**Unrestricted**
**Designated**
**Restricted**
**TOTAL**
TOTAL
**funds**
**funds**
**funds**
**FUNDS**
FUNDS
**2022**
2021
**£**
**£**
**£**
**£**
£| |---|---| ||**3,000**- -**3,000**1,500| ||**3,000**- -**3,000**1,500| ||**41,000**
- -**41,000**43,000
**300**
- -**300**954
**-**
- -**-**847
**3,616**
- -**3,616**2,075
**1,400**
- -**1,400**1,250
**1,200**
- -**1,200**1,100
**1,828**
- -**1,828**1,214
**3,821**
-
-**3,821**
110
**2,952**
- -**2,952**11,988
**-**
- -**-**-
**1,590**
- -**1,590**2,155
**396**
- -**396**
578
**4,051**
- -**4,051**-
**158**
- -**158**-
**1,543**
- -**1,543**663| ||**63,855**- -**63,855**65,934| ||**2,460**
- -**2,460**2,136
**823**
- -**823**783
**3,135**
- -**3,135**4,463
**3,749**
- -**3,749**1,254
**2,349**
- -**2,349**1,068
**113**
- -**113**195
**-**
- -**-**1,213
**4,435**
- -**4,435**17,603| ||**17,064**- -**17,064**28,715| ||**3,329**
- -**3,329**1,941
**4,573**
- -**4,573**2,441
**300**
- -**300**567
**1,740**
- -**1,740**600| ||**9,942**- -**9,942**5,549| ||**93,861 - - 93,861 101,698**| ||-
- -**-**-| ||**- - - - -**| ||**93,861 - - 93,861 101,698**| Page 12 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 |4
**STAFF COSTS**
**Wages and salaries**|**2022**
2021
**£**
£
**4,573**
2,441| |---|---| During the year the PCC shared the cost of the Benefice Administrator who was employed part-time by Holy Trinity, Upper Tooting PCC. ## 4(a) **PAYMENTS TO PCC MEMBERS** Except as stated below, the members of the PCC did not claim any expenses or remuneration for their work on behalf of the PCC in the year. Mr R Payne carried out the following services on a commercial basis with prices negotiated at arms length: |Hall cleaning
Hall and car park maintenance and repairs
Church cleaning
Church maintenance and repairs
Grass cutting|**2022**
2021
**£**
£| |---|---| ||**3,135**4,175
**4,435**10,734
**1,828**1,214
**2,952**11,019
**480**770| ||**12,830**
27,912| ## **5 FIXED ASSETS FOR USE BY THE PCC** |5(a)|**PROPERTY, PLANT AND EQUIPMENT**|**2022**|**2022**|**2022**|**2022**|2021| |---|---|---|---|---|---|---| |||**Church furniture**|**Church**|**Hall**||| |||**& fittings**|**Equipment**|**Improvements**|**Total**|Total| |||**£**|**£**|**£**|**£**|£| ||Cost
At 1 January 2022|**10,749**|**6,241**|**26,465 **|**43,455**|43,455| ||At 31 December 2022|**10,749**|**6,241**|**26,465 **|**43,455**|43,455| ||Depreciation
At 1 January 2022|**5,185**|**5,827**|**26,465**|**37,477**|35,322| ||Charge for the year|**1,175**|**414**|**-**|**1,589**|2,155| ||At 31 December 2022|**6,360**|**6,241**|**26,465 **|**39,066**|37,477| |||||||| ||Net book value
At 31 December 2022|**4,389**|**0**|**0 **|**4,389**|5,978| |5(b)|**INVESTMENTS**||||**2022**|2021| ||||||**£**|£| ||Market value at 1 January 2022||||**308,904**|273,726| ||Amounts invested during the year||||**-**|-| ||Unrealised investment gain/(loss)||||**(22,166)**|35,178| ||Market value at 31 December 2022||||**286,738**|308,904| ||**Analysis of investments at 31 December**|**2022**||||| ||CBF Church of England Investment Fund Income shares||||**105,859**|119,912| ||M & G Charifund||||**66,934**|70,882| ||Schroder Equity Income Trust for Charities||||**64,611**|63,466| ||CBF Church of England Property Fund||||**23,052**|26,116| ||Charities Property Fund||||**26,282**|28,528| ||||||**286,738**|308,904| ||**Historical cost**||||**250,000**|250,000| Page 13 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 |**6**|**DEBTORS**||||**2022**|**2021**| |---|---|---|---|---|---|---| ||||||**£**|**£**| ||Income tax recoverable||||4,890|9,800| ||Church rent receivable|||||| ||Gloryland||||450|450| ||Other debtors||||-|-| ||Prepayments||||-|-| ||||||5,340|10,250| |**7**|**CREDITORS FALLING DUE WITHIN ONE YEAR**||||**2022**|**2021**| ||||||**£**|**£**| ||Donations to be paid to charities||||2,656|2,626| ||Due to Holy Trinity for shared expenses||||2,264|2,225| ||Other creditors and accruals||||6,658|12,556| ||||||11,578|17,407| |**8**|**DESIGNATED FUNDS**|**Balance**|**Income **|**Expenditure**|**Transfers**|**Balance**| |||**1 January**|||**31**|**December**| |||**2022**|**2022**|**2022**|**2022**|**2022**| |||**£**|**£**|**£**|**£**|**£**| |8(a)|Church hall fund
|153,907|-|-|-|153,907| |8(b)|Church building fund
|199,009|-|-|-|199,009| |8(c)|Benefice events fund
|1,665|-|-||1,665| |||354,581|-|-|-|354,581| - 8(a) Church hall fund The Church hall fund amounted to £153,907 at 1 January 2022. - 8(b) Church building fund No expenditure was charged against the Church Building Fund during the year - 8(c) Benefice events fund The accumulated surplus of £1,665 on the Benefice Events Fund is available for future benefice events. ## **9 RESTRICTED FUNDS** |9(a) Organ and Music Fund
9(b) Vestments fund
9(c)
Stella Tull Legacy Fund|**Balance**
**Income Expenditure**
**Transfers**
**Balance**
**1 January**
**31 December**
**2022**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**| |---|---| ||20,695 - - - 20,695
460 - - - 460
930 - - - 930| ||22,085 - - - 22,085| - 9(a) The Organ Fund was established for funds raised for the repair of the Church organ. By agreement with the principal donor, the surplus funds are available for future musical requirements and therefore the fund has been redesignated as the "Organ and Music Fund". - 9(b) In 2015 donations totalling £3,750 were received towards the cost of vestments and £3,450 was used for the purchase of three sets of vestments. The balance of £300 together with a further donation of £160 remains available for the purchase of vestments. - 9(c) In 2018 the PCC received a legacy of £2,000 from the estate of Mrs Stella Tull. £1,070 was expended on a new processional cross acquired in her memory. The balance remains available. Page 14 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 ## **10 WIDER MINISTRY GRANTS** |**WIDER MINISTRY GRANTS**|| |---|---| |BATCA re Fun Day
EMC Ethnic Minority Centre
St Nicholas School, Ghana
Centrepoint
Crisis
Young Live Us Cancer
Hestia Housing and support
The Blind Association|**Unrestricted**
**Restricted**
**TOTAL**
TOTAL
**funds**
**funds**
**FUNDS**
FUNDS
**2022**
2021
**£**
**£**
**£**
£| ||500 -**500**-
500 -**500**-
500 -**500**500
- -**-**500
- -**-**500
500 -**500**-
500 -**500**-
500 -**500**-| ||3,000 -**3,000**1,500| **11 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**ANALYSIS OF NET ASSETS BETWEEN FUNDS**|| |---|---| |Fixed assets
Current assets
Current liabilities|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**| ||291,127 -**291,127**
303,946 22,085**326,031**
(11,578) - **(11,578)**| ||583,495 22,085**605,580**| ## **12 COMPARATIVES FOR DESIGNATED FUNDS ANALYSED BETWEEN FUNDS** |**ANALYSED BETWEEN FUNDS**|| |---|---| |Church hall fund
Church building fund
Benefice events fund|**Balance**
**Income Expenditure**
**Transfers**
**Balance**
**1 January**
**31 December**
**2021**
**2021**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**| ||153,907 - - - 153,907
199,009 - - - 199,009
1,665 - -
1,665| ||354,581 - - - 354,581| ## **13 COMPARATIVES FOR RESTRICTED FUNDS ALLOCATED BETWEEN FUNDS** |**ALLOCATED BETWEEN FUNDS**|| |---|---| |Organ and Music Fund
Vestments fund
Stella Tull Legacy Fund|**Balance**
**Income Expenditure**
**Transfers**
**Balance**
**1 January**
**31 December**
**2021**
**2021**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**| ||20,695 - - - 20,695
460 - - - 460
930 - - - 930| ||22,085 - - - 22,085| Page 15 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2022 |**14**
**COMPARATIVES FOR ANALYSIS OF NET**
**ASSETS BETWEEN FUNDS**
Fixed assets
Current assets
Current liabilities
**15**
**COMPARATIVES FOR STATEMENT OF**
**FINANCIAL ACTIVITIES**
**Note**
**INCOME FROM**
Donations and legacies
2(a)
Church activities
2(b)
Investments
2(c)
**TOTAL INCOME**
**EXPENDITURE ON:**
Church activities
3(a)
Raising funds
3(b)
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
TRANSFERS BETWEEN FUNDS
**Other recognised gains/(losses)**
Unrealised gain/(loss) on investment assets
**NET MOVEMENT IN FUNDS**
BALANCES BROUGHT FORWARD AT
01 January 2021
**BALANCES CARRIED FORWARD AT**
**Friday 31 December 2021**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
314,882 - 314,882
273,455 22,085 295,540
(17,407)
(17,407)
570,930 22,085 593,015
**Unrestricted**
**Designated**
**Restricted**
**TOTAL**
**funds**
**funds**
**funds**
**FUNDS**
**2021**
**£**
**£**
**£**
**£**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**| |---|---|---| |||314,882 - 314,882
273,455 22,085 295,540
(17,407)
(17,407)| |||570,930 22,085 593,015| ||177,016 - - 177,016
36,364 - - 36,364
11,850 - - 11,850|| ||225,230 - - 225,230|| ||101,698 - - 101,698
- - - -|| ||101,698 - - 101,698|| |||| ||**123,532 - - 123,532**|| ||- - - -
35,178 - - 35,178|| ||158,710 - - 158,710
57,639 354,581 22,085 434,305|| ||**216,349 354,581 22,085 593,015**|| Page 16