## **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 2023 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## CONTENTS For the year ended 31 December 2023 ||**Page**| |---|---| |**Legal and Administrative Details**|1| |**Trustees’ Annual Report**|2-5| |**Independent Examiner’s Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 -17| ## **ST. AUGUSTINE'S CHURCH, TOOTING** |**ST. AUGUSTINES CHUR**|**CH, TOOTING**| |---|---| |LEGAL AND ADMINISTRATIVE DETAILS|| |For theyear ended 31 December 2023|| |**Registered charity no.**|1162143| ||The Parochial Church Council of the Ecclesiastical Parish| ||of St Augustine, Tooting| |**Start of the Financial year**|1 January 2023| |**End of the Financial year**|31 December 2023| |**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 2023 ## **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. We seek to develop our faith through worship; maintaining high quality preaching and a sacramental ministry, investing in music making, and seeking to go out into the world as disciples of Christ with a faith informed and nurtured by Scripture and prayer. 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:** In 2022, the parish followed the priorities set out in the advertised parish profile; - a) Children and Youth Ministry, - b) Community Engagement, and - c) Mission and Discipleship. However, before being able to develop these areas significantly (or to develop a new Mission Action Plan), the Vicar and PCC agreed that quite a significant amount of time needed to be invested in “ground clearance work”. During 2023, we thus developed the backbone of the church’s infrastructure and technology. It became clear that our inability to easily auto-generate invoices for hall/church hirers or easily generate financial reports meant that the PCC did not have a complete understanding of the church’s day to day financial activity, and that our hirers were not being given a clear picture of what was owed; we sought to address that in 2023. During the year, we developed a number of new ministries (notably the Community Lunch and Community Choir) and re-started the Charity concerts. ## **Church Infrastructure and Technology:** Multiple initiatives were discussed and implemented during 2023 to improve the church's physical and digital infrastructure, including: - improvements to audio-visual systems (quotes were obtained from August 2023) - the adoption of new modular ChurchSuite software (address book, calendar, children, events and rota modules) to better keep the address book and up to date bookings system (adopted September 2023) - _-_ new noticeboards detailing new ministry team (ordered September 2023) - installation of Wi-Fi (installed October 2023) - investment in a new website (began October 2023) - Tap-to-give card machine (installed Q4 2023) Page 2 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## TRUSTEES’ ANNUAL REPORT (continued) For the year ended 31 December 2023 ## **Financial Sustainability:** The PCC had significant conversations concerning managing funds, generating revenue, and handling debts. This included adopting the Parish Giving Scheme, agreeing to amalgamate monies into fewer investment trusts, and financial management strategies. - St Augustine’s decided to adopt the Parish Giving Scheme (Feb 2023) and letters were written to PCC members to ask them to start giving using the PGS rather than by envelopes, cash or direct debit. - Our major nursery tenant was found to owe significant amounts of money, and the PCC was able to recoup a portion of the debt by July 2023, but much still remains. Legal advice was obtained concerning the status of the licence agreement. - Following the APCM, Juliana Smith agreed to be the new Treasurer. All financial files were moved to a locked cupboard in a central location, and work begun to add Juliana as signatory on the numerous trusts and bank paperwork. - In August 2023, the PCC agreed PSF payments of £44k to the Diocese of Southwark. - In December 2023, the PCC agreed to decrease the numbers of trusts (8 separate accounts) and to retain investments in 4 trusts only. The PCC agreed to transfers from the Diocese of Southwark (who held monies in two small accounts totalling £1426). The PCC agreed to close the Charities Property Fund (which has been decreasing in value for some years, and is currently worth £26k), and to close the NS&I account, which has not been generating any interest at all (holding £31k). All monies withdrawn were agreed to be transferred to the CCLA Investment fund (largely in 2024) and the decision about whether to retain monies with CCLA was considered to need looking at in future. - The PCC were successful in closing an old Barclays Current Account containing £521 (December 2023). - The PCC agreed in December 2023 that funds in excess of £85,000 should not be held in current accounts or savings accounts and so it was agreed that anything in excess of this figure be moved to CCLA Investment fund. - In September 2023, the PCC adopted Quickbooks to help with invoicing and to better run our book-keeping. By October 2023, we were able to auto-generate invoices from the parish office, tasked to the parish administrator. ## **Safeguarding, and well-being policies:** St Augustine’s continued to engage with ensuring training and DBS checks were up to date; we also agreed to reprint posters to make names of Safeguarding officers more prominent. - Safer Church Safeguarding and Domestic Abuse Policies were re-adopted in February 2023. - _-_ A parish Dignity Policy was adopted in February 2023. ## **Mission & Community Engagement:** The Winter Welcome project run from December 2022 and finished in March 2003. The PCC found that partnering with the local Scrapstore gave a focus to the activities for the drop-in. However, numbers of those attending were much lower than expected, and it is unlikely that the project will run again next year. In March, Sue McKinney agreed to co-ordinate the 2023 Broadwater Road Fun Day so that this important and shared work of fund-raising could continue. The Fun Day took place on 17 June 2023, raising £4487 for the St George’s Hospital Charity and Sickle Cell Society. An All Churches Grant of £5k was received in July to begin a Community Choir which launched in September 2023 under the directorship of Ms Penny Homer, initially with 7 people. Fr Russ Snapp agreed to start a weekly Holy Hour in St Augustine’s each week in August 2023. Sue McKinney agreed to begin a new Community Luncheon club, which welcomed 5 people at its first session in September. Page 3 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## TRUSTEES’ ANNUAL REPORT (continued) For the year ended 31 December 2023 ## **Mission & Community Engagement (continued):** A number of members of the PCC asked whether the PCC might vote again to give a proportion of its income to charities (in addition to the monies raised at the Fun Day, and the monies donated to the Disasters Emergency Committee). It was agreed that the PCC would be in a better position to assess our level of charitable giving once we’d completed the work on financial systems, and envisaged the PCC once again making suggestions for charities in 2024 Helen Duxbury kindly organised a charity fundraising concert in September 2023; £600 was raised to be donated to St Nicholas’ School in Ghana. ## **Building:** The light-bulbs in the Lady Chapel and Inner and Outer vestry were replaced with ecological LED bulbs in March. Between March and June, the inner vestry and flower cupboard were cleaned, cleared, and tidied. The PCC agreed that Jaqueline Obodai, supported by Rachel Phillips and Helen Duxbury, might begin work to look at how to draw up plans to create a community garden at St Augustine’s as an eco-initiative, and this work began in May. In July 2023, 3 Mid Century Gothic Clergy chairs (celebrant, deacon and sub-deacon) were purchased and added to the sanctuary (the Lady Chapel chairs were clearly intended for temporary use) with some of the Dorothy Paulley bequest. in October, three cushions were provided for the new chairs. The chairs originally came from Belford URC, Northumbria, but match the oak of St Augustine’s furnishings extremely well. Steve Payne was thanked throughout the year by the PCC for all of the work he carries out on the building, keeping our costs very low. ## **Ministry & Worship:** Part of the necessary work of running the Benefice has been to ensure that it is adequately staffed, given the times of the Eucharists at Holy Trinity and St Augustine’s currently make it impossible to celebrate both; in any case the pastoral care needs are high, and the scale of the work of renewal required at both churches is apparent. Neither have seen any Confirmations for some time; there are few infant baptisms at St Augustine’s, and no weddings. Consequently, after advertising for associates, The Rev’d Russell Snapp and The Rev’d Sarah Whitehouse both began their ministries as associate priests, giving their time in a non-stipendiary capacity in April, and both were licenced to the Benefice in June 2023 at an Evensong held at Holy Trinity. In July, St Augustine’s PCC agreed to sponsor Ethan Glackin-McColgan as he completed his training as a Lay Pioneer. Ethan moved house and place of employment in the middle of his training, and now resides in St Augustine’s parish. Ethan began pioneering in August. Sue McKinney (as Reader) and Ethan Glackin-McColgan (as Lay Pioneer) were licensed to their respective ministries at Southwark Cathedral on 8th October 2023. The Ministry Team across the Benefice now comprises seven people; Angela Rayner, Russ Snapp, Sarah Whitehouse (clergy), Jane Millgan and Sue McKinney (licenced lay ministers - readers), Ethan Glackin-McColgan (licenced lay minister - pioneer) and Claudette Dey (Southwark pastoral Auxiliary). The Thursday Eucharist and Bible Study were re-started (post-Covid and post-vacancy) in December 2022 and continued running throughout the year. A Lent course was run on Thursdays mornings; Finding Jesus in the Psalms. The final Covid restrictions were lifted, principally, the return to the use of the Chalice by the St Augustine’s congregation in February 2023. In June, a Corpus Christi evening celebration of the Eucharist was kept for the first time as a significant festival at St Augustine’s. The PCC agreed to experiment post-Easter with some different ways to sing the psalm on Sundays (psalm-hymns, plain chant and English chant would all be trialled). In August, it was felt that the Church would benefit from a new greeters’ rota to share the duty, and to avoid Yvonne and Jeremy Clarke being asked to cover the duty every week. Jackie Obodai agreed to look into purchasing some goods to restore a new church Children’s corner. Page 4 ST. AUGUSTINES CHURCH, TOOTING TRUSTEES, ANNUAL REPORT (contlnued) For the ar ended 31 December 2023 Admlnlstrotlve Infomlatlon: Members ol the PCC are either ex￿fficI0 or elected by the annual parcthb81 chureh mèeting IAPCM} or t4>OPted by the erected members in accordance ￿th the Church Representaknon R￿. During thè year 2023 and to da the followiNJ served on the PCC'.- Incumb•nL' The Rev'd Angela Rayner Churchwardens: Mr Steve Pay Mr Russell Yates Repvesentatlves Mrs Ethel Addo OTh tho Deanery Synod: Ms Juliana Smilh (Treasurer) Ms Jacth Otx)dai Elected Members: Mrs Bemicee Bair&Dur Ms Claudette Dey Miss Helen Duxbury Miss Kathy Gkttens Mrs Anne MeGregor Ms Dcrfis Pappoe Mrs Theresa Payne Ms Rachel Phillips Mrs Idene Waithe (Secretary) Awoved by Ihe PCC ar¥J on its behalf ty. Th• Rewd An￿la Rayner Date: ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## INDEPENDENT EXAMINER’S REPORT For the year ended 31 December 2023 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 2023, 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:** 03[rd] March 2025 Page 6 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2023 |||**Unrestricted **|**Designated **|**Restricted**|**TOTAL**|TOTAL| |---|---|---|---|---|---|---| |||**funds**|**funds**|**funds**|**FUNDS**|FUNDS| ||||||**2023**|2022| ||**Note**|**£**|**£**|**£**|**£**|£| |**INCOME FROM**||||||| |_Donations and legacies_|2(a)
|**28,388**|**-**|**-**|**28,388**|68,797| |_Church activities_|2(b)
|**90,923**|**-**|**-**|**90,923**|47,123| |_Investments_|2(c)|**15,121**|**-**|**-**|**15,121**|12,672| |**TOTAL INCOMING RESOURCES**||**134,432**|**-**|**-**|**134,432**|128,592| |**EXPENDITURE ON:**||||||| |_Church activities_|3(a)|**112,175**|**-**|**-**|**112,175**|93,861| |_Raising funds_|3(b)|**-**|**-**|**-**|**-**|-| |**TOTAL RESOURCES EXPENDED**||**112,175**|**-**|**-**|**112,175**|93,861| |||||||| |**NET INCOME/(EXPENDITURE)**||**22,257**|**-**|**-**|**22,257**|**34,731**| |TRANSFERS BETWEEN FUNDS|8(d) & 9(d)|||||| |**Other recognised gains/(losses)**||||||| |Unrealised gain/(loss) on investment assets||**9,387**|||**9,387**|(22,166)| |**NET MOVEMENT IN FUNDS**||**31,644**|**-**|**-**|**31,644**|12,565| |BALANCES BROUGHT FORWARD AT||||||| |01 January 2023||**228,914**|**354,581**|**22,085**|**605,580**|593,015| |**BALANCES CARRIED FORWARD AT**||||||| |**31 DECEMBER 2023**||**260,558**|**354,581**|**22,085**|**637,224**|**605,580**| 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 9 to 17 form part of these accounts. Page 7 ST. AUGUSTINE'S CHURCH, TOOTING BALANCE SHEET As 8131 Dec•mber 2023 2023 2023 2022 ot• Pr•p•rty. phht and •qulpm•nt 5(al 3214 5(b) 296,125 286,738 299,339 291.127 CURRENT ASSETS 22.234 S,340 ¢•sh •t bank and In hand 325.707 347.941 320.891 326.031 U481LmES ". Amounts fal￿Try wlthln on• y•ar 10.056 11.578 337,88S 314.453 637.224 FUNDS unT￿trIcted General 605,580 260.558 228.914 Designated Church hall furKI Church building fvnd Benefice events fund 81a) 8(bl 81c) 153,907 199.009 1.665 153.907 199.009 1.665 354.581 354.581 Restrlctgd Organ and Music fuNJ Vestments furKI Stella Tull Legacy Fund 9(al 91bl 9(c) 20.695 20.695 460 930 22.085 930 22.085 605.580 yovthj by the PCC and S￿n￿j on ts behaltty. Th• Rev'd Angela Rayner The r*kns ￿8$ 9 to 17 fom pert ofltMe aca￿￿t& 113lioa< Page 8 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 ## **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 within 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 of £22,257 before unrealised gain (loss) on investment assets (2022 surplus of £34,731) including the remainder of a legacy of £ Nil (2022 £Nil) received in the year. Overall funds stood at £637,224 at the end of year (2022 £605,580). Budget for 2023 is to break even. The PCC had reserves totalling £50,000 at 31 December 2023. 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 9 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 ## **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 10 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 ## **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 11 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 |**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
Deanery grant
Car Park
Service fees
Billable expenses income
2(c)
**Income from investments**
Bank Interest
Income from investments
**TOTAL INCOME**|**Unrestricted**
**Designated**
**Restricted**
**TOTAL**
TOTAL
**funds**
**funds**
**funds**
**FUNDS**
FUNDS
**2023**
2022
**£**
**£**
**£**
**£**
£| |---|---| ||**16,306**- -**16,306**17,863
**2,363**- -**2,363**2,633
**4,110**- -**4,110**6,780
**-**- -**-**-
**5,609**- -**5,609**41,521| ||**28,388**- -**28,388**68,797| ||**17,605**- -**17,605**11,682
**47,165**- -**47,165**29,779
**3,500**- -**3,500**2,400
**4,480**- -**4,480**2,447
**312**- -**312**815
**17,861**- -**17,861**-| ||**90,923**- -**90,923**47,123| ||**2,318**- -**2,318**502
**12,803**- -**12,803**12,170| ||**15,121**- -**15,121**12,672| ||**134,432 - - 134,432 128,592**| Page 12 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 |**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
Legal Fee
Independent examiner's fees
Signage
Misc office costs
**TOTAL OF CHURCH ACTIVITIES**
**TOTAL EXPENDITURE**|**Unrestricted**
**Designated**
**Restricted**
**TOTAL**
TOTAL
**funds**
**funds**
**funds**
**FUNDS**
FUNDS
**2023**
2022
**£**
**£**
**£**
**£**
£| |---|---| ||**2,600**- -**2,600**3,000| ||**2,600**- -**2,600**3,000| ||**45,500**
- -**45,500**41,000
**300**
- -**300**300
**-**
- -**-**-
**3,131**
- -**3,131**3,616
**2,000**
- -**2,000**1,400
**2,000**
- -**2,000**1,200
**5,686**
- -**5,686**1,828
**3,565**
-
-**3,565**
3,821
**5,178**
- -**5,178**2,952
**-**
- -**-**-
**1,175**
- -**1,175**1,590
**-**
- -**-**
396
**1,805**
- -**1,805**4,051
**158**
- -**158**158
**358**
- -**358**1,543| ||**70,856**- -**70,856**63,855| ||**2,663**
- -**2,663**2,460
**188**
- -**188**823
**287**
- -**287**3,135
**9,896**
- -**9,896**3,749
**3,583**
- -**3,583**2,349
**1,175**
- -**1,175**113
**-**
- -**-**-
**4,477**
- -**4,477**4,435| ||**22,269**- -**22,269**17,064| ||**4,593**
- -**4,593**3,329
**5,593**
- -**5,593**4,573
**400**
- -**400**300
**960**
**960**
**1,680**
- -**1,680**1,740
**1,392**
**1,392**
**1,832**
**1,832**| ||**16,450**- -**16,450**9,942| ||**112,175 - - 112,175 93,861**| ||**112,175 - - 112,175 93,861**| Page 13 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 |4
**STAFF COSTS**
**Wages and salaries**|**2023**
2022
**£**
£
**5,593**
4,573| |---|---| 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** The members of the PCC did not claim any expenses or remuneration for their work on behalf of the PCC in this year. ## **5 FIXED ASSETS FOR USE BY THE PCC** |5(a)**PROPERTY, PLANT AND EQUIPMENT**
**2023**
**2023**
**2023**
**2023**
2022
**Church furniture**
**Church**
**Hall**
**& fittings**
**Equipment**
**Improvements**
**Total**
Total
**£**
**£**
**£**
**£**
£
Cost
At 1 January 2023
**10,749 6,241 26,465 43,455**43,455
At 31 December 2023
**10,749 6,241 26,465 43,455**43,455
Depreciation
At 1 January 2023
**6,360 6,241 26,465 39,066**37,477
Charge for the year
**1,175 - - 1,175**1,589
At 31 December 2023
**7,535 6,241 26,465 40,241**39,066
Net book value
At 31 December 2023
**3,214 - - 3,214**4,389
5(b) **INVESTMENTS**
**2023**
2022
**£**
£
Market value at 1 January 2023
**286,738**308,904
Amounts invested during the year
**-**-
Unrealised investment gain/(loss)
**9,387** (22,166)
Market value at 31 December 2023
**296,125**286,738
**Analysis of investments at 31 December 2022**
CBF Church of England Investment Fund Income shares
**115,906**105,859
M & G Charifund
**67,556**66,934
Schroder Equity Income Trust for Charities
**65,979**64,611
CBF Church of England Property Fund
**21,977**23,052
Charities Property Fund
**24,707**26,282
**296,125**286,738
**Historical cost**
**250,000**250,000|**2023**
**2023**
**2023**
**2023**
2022
**Church furniture**
**Church**
**Hall**
**& fittings**
**Equipment**
**Improvements**
**Total**
Total
**£**
**£**
**£**
**£**
£|**2023**
**2023**
**2023**
**2023**
2022
**Church furniture**
**Church**
**Hall**
**& fittings**
**Equipment**
**Improvements**
**Total**
Total
**£**
**£**
**£**
**£**
£| |---|---|---| ||**10,749 6,241 26,465**|**43,455**43,455| ||**10,749 6,241 26,465**|**43,455**43,455| ||**6,360 6,241 26,465**
**1,175 - -**|**39,066**37,477
**1,175**1,589| ||**7,535 6,241 26,465**|**40,241**39,066| |||| ||**3,214 - -**|**3,214**4,389| |||**2023**
2022
**£**
£| |||**286,738**308,904
**-**-
**9,387** (22,166)| |||**296,125**286,738| |||**115,906**105,859
**67,556**66,934
**65,979**64,611
**21,977**23,052
**24,707**26,282| |||**296,125**286,738| |||**250,000**250,000| Page 14 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 |**6**|**DEBTORS**||||**2023**|**2022**| |---|---|---|---|---|---|---| ||||||**£**|**£**| ||Income tax recoverable||||4,000|4,890| ||Church rent receivable|||||| ||Gloryland||||-|450| ||Other debtors||||18,234|-| ||Prepayments||||-|-| ||||||22,234|5,340| |**7**|**CREDITORS FALLING DUE WITHIN ONE YEAR**||||**2023**|**2022**| ||||||**£**|**£**| ||Donations to be paid to charities||||2,656|2,656| ||Due to Holy Trinity for shared expenses||||2,742|2,264| ||Other creditors and accruals||||4,658|6,658| ||||||10,056|11,578| |**8**|**DESIGNATED FUNDS**|**Balance**|**Income **|**Expenditure**|**Transfers**|**Balance**| |||**1 January**|||**31**|**December**| |||**2023**|**2023**|**2023**|**2023**|**2023**| |||**£**|**£**|**£**|**£**|**£**| |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 2023. - 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**
**2023**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**£**| |---|---| ||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 15 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 ## **10 WIDER MINISTRY GRANTS** |**WIDER MINISTRY GRANTS**|| |---|---| |Disasters Emergency Committee
Sickle Cell Foundation
Collection at Funeral
St Nichlas’ Foundation
Water Aid
BATCA re Fun Day
EMC Ethnic Minority Centre
St Nicholas School, Ghana
Young Live Us Cancer
Hestia Housing and support
The Blind Association|**Unrestricted**
**Restricted**
**TOTAL**
Total
**funds**
**funds**
**FUNDS**
FUNDS
**2023**
2022
**£**
**£**
**£**
£| ||200
**200**
500
**500**
300
**300**
600
**600**
500
**500**
500 -**500**500
- -**-**500
- -**-**500
- -**-**500
- -**-**500
- -**-**500| ||2,600 - 2,600 3,000| ## **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**
**2023**
**2023**
**2023**
**£**
**£**
**£**| ||299,339 -**299,339**
325,856 22,085**347,941**
(10,056) - **(10,056)**| ||615,139 22,085**637,224**| ## **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**
**2022**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**| ||153,907 - - - 153,907
199,009 - - - 199,009
1,665 - -
1,665| ||354,581 - - - 354,581| ## **13 COMPARATIVES FOR RESTRICTED FUNDS ALLOCATED BETWEEN FUNDS** |Organ and Music Fund
Vestments fund
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| Page 16 ## **ST. AUGUSTINE'S CHURCH, TOOTING** ## NOTES TO THE ACCOUNTS (continued) For the year ended 31 December 2023 |**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 2022
**BALANCES CARRIED FORWARD AT**
**Saturday 31 December 2022**|**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
**Unrestricted**
**Designated Restricted**
**TOTAL**
**TOTAL**
**funds**
**funds**
**funds**
**FUNDS**
**FUNDS**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**| |---|---| ||68,797 - - 68,797 177,016
47,123 - - 47,123 36,364
12,672 - - 12,672 11,850| ||128,592 - - 128,592 225,230| ||93,861 - - 93,861 101,698
- - - - -| ||93,861 - - 93,861 101,698| ||| ||**34,731 - - 34,731 123,532**| ||- - - - -
(22,166) - - (22,166) 35,178| ||12,565 - - 12,565 158,710| ||216,349 354,581 22,085 593,015 434,305| ||**228,914 354,581 22,085 605,580 593,015**| Page 17