THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. CATHERINE'S HATCHAM Known as: St Catherlne's Hatcham. PCC Charity number.. 1172843 REPORT AND UNAUDITED ACCOUNTS for the year ended 31 December 2022 FIELD SULLIVAN LIMITED CHARTERED ACCOUNTANTS 9 Hare & Billet Road London SE3 OR8
The Parochial Church Councll of The Eccleslastlcal Parish of St. Catherine's Hatcham Status: The Parochial Church Councll is a corporate body establlshed by the Church of England. The PCC operates under the Parochlal Church Council Powers Measure. Incumbent: Revd Sheridan James Chairman Address: 102A Pepys Road London SE14 5SG PCC members: Revd Sheridan James IChalr/Vicarl Revd lane Elliot (Assistant Priestl Lesley Marshall IPCC Member/Readerl Gerard O'Donoghue IPCC MemberlTreasurerl, Iresigned November 20221 Jeremy Palmer (Treasurer), (appointed November 20221 Jake Nicholls IPCC Secretary) Stephanie Manson IPCC Member/Church Warden) Steve Tomkins IPCC Memberlchurch Warden) Marshall Manson IPCC MembÈr/Deanery Synod) Michelle Lundie IPCC MemberlDeanery Synodl Katharine Robb IPCC Member/Deanery Synod) Clarre Thomas IPCC MemberlLay Chalrl John (Ben) Robb IPCC Member) Jocklyn Awoonor Gordon IPCC Memberl Camilla Kennedy Harper IPCC Member) Beverly Blake-walker IPCC Member) Joanna Jarman IPCC Member) Olumide Maborukoje IPCC MembeTI, (resigned May 20221 Sunday Jacobs IPCC Member), Iresigned May 20221 Premlata Samuel IPCC Member), (appointed May 20221 Peter Ryan IPCC Member), lappointed May 20221 Independent examiner: Field Sullivan Limited Chartered Accountant5 9 Hare & Billet Road London SE3 ORB Bankers: SantandeT UK PIC 2 Triton Square Regent's Place Page I
The Parochlal Church Countll of The Eccle51astical Parish of St. Catherine's Hatcham Report of the Parochial Church Councll for the year ended 31 December 2022 Report of the Parochial Church Council for the year ended 31 December 2022. Structure. Governance and Management The Parochial Church Council is a corporate body established by the Churth of EnBland. The PCC operates under the Parochlal Church Council Powers Measure11956135 amended and church representation rule5 that came into force on 2 January 1957. The method of appoSntment of PCC members is set out in the Church Representatlon Rules. At St Catherine's the membershlp of the PCC consists of the Incumbent lour vicarl, churchwardens, Treasurer and members elected bv those members of the congregation who are on the electoral roll of the Church. The PCC members are responsible for making decisions on all matters to do with the mission and ministry of the church and the maintenance of the building, working alongside the Vicar, including decidlng on how the funds are to be spent. The members of the PCC, all of whom have Served from l January 2022 lo the dale of this report were approved lexcept where noted) as set out in page l. Alm and purposes St Catherine's Parochial Church CouAcII IPCCI has the responsibility of cooperating with the incumbent, the Reverend Sheridan James, in promoting in the ecclesiastical parish, the mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC Is also legally responsible for ensuring the maintenance and management of the Telegraph Hill Centre, which is managed on a day-to-day basis by the Centre Staff and by a sub-group of the PCC, the Telegraph Hill Centre Steering Group. Oblectlves and Activltles St. Catherlne's Mlsslon Statement We are here to: love God follow Jesus respond to the Holy Spirit serve and love our neighbour share the good news of Jesus Chrlst with all St. Catherine's MAP Asplratlons are to: Deepen Discipleship Enrich Worship Strengthen the church community Be innovative in our outreach Page 2
The Parochial Church Council of The Ecclesiastical Parish of St. Catherine's Hatcham Report of the Parochial Church Council for the year ended 31 December 2022 St Catherine's work5 hard to maintaln a Ilvely and enriching spiritual Ilfe for the thrlving congreEation. Thls conslsts of: Worship.. Sunday worship18am first Sunday of the month and weekly Ioaml, mid-week services (Dally Mornlng Prayer and weekly mid-week EucharI5tl. Outreach: Worklng alongslde our partnershlp organlsatlons.. Telegraph Hill Centre. Telegraph Hill Festivul and the Telegrt7ph Hill Ploygroup to provide space for all kinds of cultural and community events at the church and within the parish. Through the Centre Ito whom we give a Community Development Fund of £25K pal we provide a space for exercise classes, therapists, varlous support groups e.g. mental health, groups for parents/carers and their children, activities for older people (Branching Outl and a pre and after school club. We also support a Women Only Conversation and Friendship Groupi which runs durlng term time to provlde free English classes to refugees, asylum seekers and other foreign nationals who need to develop their English language skills. And a space for musicians and choirs to rehearse durlng the week D55clple5hlp,' During the course of the year we provide small groups and one-off events to deepen the discipleship of the congregation. Pastoral care- We provide pastoral tare for around 25 people who are housebound or sick. as well as preparation for marriage and baptism, and care for bereaved families. Soclal Justlce- We are committed to supporting our ESOL classes, our weekly club for older people (Branching Outl and to engaging with issues around systemic racism to become an anti-racist churth. We are also engaging with climate justice and the environment at a spiritual and pragmatic level. Thls year we were stlll in a period of recovery from the impact of the global pandemic. Thankfully there were no more lockdowns and we operated as normal every Sundayi but with a reduction in attendance, which is the experience of almost all churches at the moment. In October 2022 we achieved our Bronze level Eco Church Award for our tommltment to the envlronment and cllmate lustice. In November 2021 we employed a Pastoral Assistant and Administrator and he continues to work for us In a full-time capacity. Ple35e see the APCM report 2022-2023 for full details of our work. Public Beneflt When planning our actlvitles for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guldance on charlties for 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,. learning about the Gospel. and developlng their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Mission and outreach work. Page 3
The Parochial Church Council of The Eccle5ia5tical Parish of St. Catherine's Hatcham Report of the Parochial Church Council for the year ended 31 December 2022 To facilitate this work it is Important that we maintain the fabric of the Church of St. Catherine's and the Telegraph Hill Centre. PCC Achlevement and Performahce The activltles of the Church community during the year are set out in the PCC report Ipublished separatelyl to the Annual Parochial Church Meetlng (the "APCM'I. Financial review of Jan 22-Dec 22 Treasurer's Report Financially this period has been a transltion for St Catherine's Church from life with COVID-19 to one of emergingto 3 new world. Budgeted Income for 2022 - £191.800 (excluding Telegraph Hill Centrel Budgeted Expenditure for 2022- £192,110 lexcluding Telegraph Hill Centrel Stewardship and giving from the congregation remalned high, despite a drop in numbers, approx, £40,000 All our tenants continued to pay their rent in full and on time Our hirers have returned to church le.g. MKC, My cool singers) Our Gift Aid claim helped to boost our income by another £10,000 approximatelv. Our bank balance, on 31 December 2022 stood at £117,823. There were no malor capital expenditure projects in 2022. Expenditure in terms of bullding repalrs, general overheads cost5 remained typlcal. We maintained our Parish Support Fund at £60K for the second year running due to the Covid losses of 2020-2022. However, we are still moving towards being self-financing (target is £84KI and wlll seek to Increase it in 2024. The Community Development Fund to the Telegraph Hlll Centre remalns £25K. Reserves It is PCC policy to try to maintain a balance on unrestrlcted fund which equates to at least three months unrestricted payments. This is equivalent to £35K. It is held to smooth out fluctuation5 in cash flow and to meet emergencies. We have met this target. We a150 have £10,000 in deposit money from tenants. All our cash is held in one bank account. Gerard O'Donoghue handed over the Treasurer role to Jeremy Palmer at the end of 2022 and the PCC records its appreciation of Gerard's work over manv vears. Page 4
The Parothial Church Council of The Eccleslastical Parlsh of St. Catherine's Hatcham Report of the Parochial Church Councll for the year ended 31 December 2022 Future capital works 2022.2025 Over the next 3 years we will spend approxlmately £IOOK on New PA1£25KI,' improve the inside decoration I£IOKII,. fixing the boundary wall which wlll cost between £50K-£IOOK. The thurch will have to pay for at least half of this work. Grants wlll be sought for the remainder. Some fundraising will a150 take place. £33K of our current account Is Set aside to engage with these works. Rlsk assessment and Safeguarding The PCC regularly identifies and reviews major risks facing the charity and have put measures in place to mitigate them. The PCC follow Euidelines for Safeguarding and Risk Assessment laid down by the Diocese of Southwark, including all Covid regulations. Volunteers We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. In particular we want to mention our churchwardens Stephanie Manson and Stephen Tomklns who have worked so tirele551y on our behalf. Administratlve Infoymatlon St Catherine'5 Church sits on the top of Telegraph Hill, at the lunctlon of Kltto and Pepys Road. It IS Part of the Deptford Deanery and is part of the Diocese of Southwark within the Church of England. The correspondence address is The Vicarage, 102a Pepys Road, London, SE14 5SG. The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20061 and since 2016 3 charity in its own right. The charitable status and charity number covers all the PCC activities and their various subcommlttees (the PCC, the THC Group and the TH Playgroupl. Page S
The Parochial Church Councll of The Ecclesiastlcal Parish of St. Catherlne's Hatcham Report of the Parochial Church Councll for the year ended 31 December 2022 Statement of PCC members, responslbllltles The PCC members, as charity trustees, are responsible for preparlng the Annual Report and financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractScel. The law appllcable to charitles In England and Wales requires the trustees to prepare financial statements for each financial year which give a true and falr view of the State of affalrs of the charity and the Incomlng resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are requlred to.. al select sultable accountlng pollcies and apply them consistently,. bl observe the method5 and principles In the Charlties SORP. cl make judgments and estimates that are reasonable and prudent,. dl State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and expSained in the financlal Statements; el prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charlty will continue in operation. The trustees are responslble for keeping proper accounting record5 that disclose with rea50n3ble accuracy at any time the financial position of the charity, and which ènable them to ensure that the financial statements complv with the Charities Act 2011 and the Church Accounting Regulations 2006. They are a150 responsible for safeguarding the a5set5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Thls report was approved by the PCC and 518ned on its behalf. On behalf of the PCC on Stephanie Man50n Churchwarden 3nd PCC Chalr eremy P CCTr Imer surer Page 6
The Parochial Church Councll of The E¢¢leslastl¢al Parlsh of St. Catherine's Hatcham Independent Examinerfs Report lo the Trustee5 of The Parorhial Church Counc51 of The Eccleslastlcal Parlsh of St. Catherlne's, Hatcham I report to the trustees on my examlnatlon of the finahclal statements of The Parochial Church Council of St Catherine, Hatcham I'the charlty'l for the year ended 31 December 2022 whlch comprise the Statement of Financlal Actlvltles, the Balance Sheet and related notes. Thls report is made solely to the charSty's trustees, as a body, in accordance with 5ectlon 145 of the Charities Act 2011. Mv work has been undertaken so that I might state to the charlty's trustees those matters l am requlred to state to them In thls report and for no other purpose. To the fullest extent permStted by law, I do not accept or assume responsibility to anyone other than the charity and the chariws trustees as a body, for my work, for this report, or for the opinions I have formed. Re5pon55bllltle5 and basls of report As the trustees of the charitv vou are responsible for the preparation of the flnanclal 5tatement5 in accordance wSth the requirements of the Chalities Act 20111'the Act'l. I report in respect of my examln3tlon Of the charity's financial statements carried out under settion 145 of the Act and in carrying out my examination I have followed all the applicable Dlrections glven by the Charlty CommI5slon under Section 14515llbl of the Act. An independent examination does not involve gatherlng all the evldence that would be required in an audit ancl consequently does not cover all the matters that an auditor considers in giving their opinion on the finantial statemènts. The planning and conduct cf an audit goes beyond the limlted assurance that an Independent examination can provlde. Consequently l express no oplnlon as to whether the fln3ncial statements present a 'true and fairf view and my report is Ilmlted to those specific matters set out in the independent examiner's statement. Independent examlnees statement Since the church's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011.1 confirm that l am qualified to undertake the examlnation because l am a member of ICAEW which is one of the Ilsted bodles. I have completed my examination. I confirm that no materlal matter5 have come to my attention in connection wlth the examlnatlon glving me cause to believe that in any material respect.. accounting ¥ecords were not kept in respect of the charlty as requlred by sectlon 130 of the Act,. or the financlal statements do not accord wlth those records,. or the financial statements do not comply with the applicable requirements Concerning the form and content of accounts set out in the Charitles IA£counts and Reports) Re8ulations 2008 other than any requiremenl that the accounts give a 'true and fair vlew whlch Is not a matter considered as part of an independent examination. I have no toneerns and have come acr055 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 financial statements to be reached. 11612S Kirsty Nicholls ACA FSeld Sullivan Limlted Chartered Accountant5 9 Hare & Blllet Road london, SE3 ORB Date Page 7
rochlal Church Cc•uncll of The Eccleslastlcal Parish of St. Catherlne'$ Hatcham 5tateThent of FlnancI31 ActIvleS for IhÈ yearended 31 December 2022 Total Funds 20I2 TotBI Funds 2021 Restrlcted Fund5 Unresirl¢ted Fund5 Restiltted Fund5 Unrestsirted Funds Note Intome ond Endowmenis from.. Donèrions and legacles 72,953 205.198 22 72.953 205,398 22 B19 3,649 52.(183 59,611 104,950 63.260 157.033 Investments 819 1,036 1.036 Totulh)comlngresourte$ 279.192 279,192 55,733 165,597 221,330 ExpendY(ureon: tharltable actlvltles 310,137 310,137 117.952 119,827 237.779 TotolresotM¢es expended 310,137 310,137 117.952 119.827 237.779 NetRaIn(lo$sesI on Invesrments Netlncome/lexpendltureJ 130.9451 130,9451 162,2191 45,770 116,45Ql Transfers between funds 7,360 17.3601 32.565 132,5651 Neimovement Infvnds 7.360 138,3051 130.9451 129,6541 13.205 116,4501 Reconcillatlon olfunds Total funds brought forward rotollunds ¢uiiledfvrwurd I,iio 8.470 172.356 134,051 173,466 142,521 30,764 I,iio 159,151 172,356 189,915 173.466 13 Page 8
The Parochlal Church Councll of The Ecclesiastical Parish of St. Catherine's Hatcham Balance sheet s at 31 Detember 2022 Note 2022 2021 Fixed assets Tanglble a55ets 1,548 1,548 2,064 2,064 Current assets Debtors Cash at bank and in hand Totol current assets io 33,959 146,471 180,430 34,740 161,007 195,747 Credltors: amounts fallln8 due wlthln one year li 139,4571 124,3451 Net current U55ets 140,973 171,402 Total assets less curY¢nt Ilabilitles 142,521 173,466 Net assets 12 142,521 173,466 The funds of the charlty: Restricted funds UnrestrScted funds-. De5ign3ted Gener31 fund Total unrestrlcted funds 2,453 I,iio 33,535 106,533 33,535 138,821 140,068 172,356 Total Chorltyfvnds 13 142,521 173,466 These financial statements were approved by the PCC and signed on Its behalf by.. Step anie Manson- ur¢hwarden and PCC Chalr le yPal r- Treasurer Date.. Date.. () 2623 Pago 9
The Parochlal Church Council of The Ecclesia5tlcal Parish of St. Catherlne's Hatcham Notes to the aeeounts lor the year ended 31 December 2022 l Accountlng pollclès The prlntipal accountlllg policies are 5ummarised below. The accounting policies have been applied tonsSstently throughout the year and in the preceding year. lil Staluto Information The charlty Is a church with no share capital, and domlciliateed in England and Wales. The address of the prlncSpal office 15 102A Pepys Road, Lot)don, SE14 55G. The financial statements ale prepared in sterlln& which is the funttSonal Cufrency ol the church. Monetary amounts In this financial statements are rounded to the nearest pound. 1111 8a5is of accountin The flnancial statements have been prepared under the historical cost convention, Companies A¢t 2006, CharStie5 Act 2011 and the Charities Statement of Recommended Practlce IFR51021. The church meets the definition of a public beneflt entity under FRSIO2. The financial statements inelude amounts in respect of the Telegraph Hill Centre Group. ThE Group manage5 the Telegraph Hlll Centre adloinirg the church premises and is a sub-group of the PCC. Accordingly, and on the recommendation of the Diocesan finance offlce, thelr accounts have been incorporated into the PCC accounts. Goln concern These financial statements are prepared on the going concern basls. The board members have a reasonable expetratlon that the church will contlnue in operational existence for the foreseeable future, and are not aware of any materlal uncertainties which may cause doubt on the church's ability to continue as a going concern. 15111 Fund aecountin General funds represent the lunds of the PCC that are not subject to any restrlctions regarding their use and are available for application on the general purposes of the PCC. Fund5 designated for a partlcular purpose bv the PCC are also unrestricted. Re5trlcted funds are those funds that must be spent on re5trirted purposes and detalls of the funds held and restrictlons are provided in the notes. The flnancial statements include all transactions, assets and liabilitlès for which the PCC is responsible In law. They do not Snclude the financial ststements of church group5 that owe their main afflliatlon to another body, nor those that are informal gatherings of church members. The accourhts of the Telegraph Hill Centre Group are incorporated as part of the Ilnancial statements. A summary of the Group'5 accounts Is InclLtded at note 16. livl Intomln resource5 All Incoming resources are included In the statement of financial actlvities when the PCC is entitled to the income and the amount can be quantifSed with Teasonable accuracy. The followlng specillc policie5 are applied to particular categories of income.. Collectlons are recognlsed when recelved by or on behalf of the PCC Planned giving receivable under Glft Aid Is recognised ornly when recelved. Tax recoverable on Glft Ald donatlons Is recognlsed when the donatlon Is recognlsed. Pagè 10
The Parochlal Church Counc51 of The Eccle51a5tlcal Parish of St. Catherlne'5 Halcham Notes to the accounts for the year ended 31 December 2022 ncomin contSnued Grants and legacies to the PCC are accounted for as soon as the PCC Is notified of Its legal entltlement, the amount due Is quantifiable and its ultlmate receipt by the PCC is reasonably certain. Donated services and facllitie5 are included at the value to the charlty where thls Can bè quantifled. The value of servlce5 provided by volunteers ha5 not been included In these accounts. Income from fundraSslng activities is accounted for gr05S. Rental Inctsme from letting of premlses Is recognised when the rental 15 dtje. Investment income is Included when recelvable. Rea115ed galns and losses on Investments are recognlsed when the investments are sold. UnrealFsed 8ains and losses are accounted for on revaluatlon of investments at 31 December each year. resources Iv) Resources ex ended Expendlture is accounted for on an accrual basis as a liability Is incurred. Expenditure includes any VAT which cannot be fully recovered, and Is reporled as part of the expendlture to whlch It relates. Cost5 of 8eneiatlnB funds comprise the costs assoclated with fundraising events. Charltable expendlture comprises those cost5 incurred by the charity the delivery of Its aetlvities and services for its beneflciaries. It includes both costs that can be allocated directly to such actlvlties and those costs of an Indlrect nature necessary to support them. Grants and donatlons are accounted for when pald over, or when awarded, If that award creates a binding obllgation on the PCC. The diocesan par15h share is accounted for when due. Any parlsh share unpald at 31 December is provided for In these financial statement5 a5 an operational (though not a legall liability and is shown as a creditor In the balance sheet. Ivil Flxed as5et5 Consecrated property and moveable church furn15hlngs Consecrated and benefSced property of any kind Is excluded from the accounts by $9612la Charities Act 1993. No value Is placed on moveable church furnishings held by the thurchwarden5 on special trust for the PCC which require a faculty for disposal. All expenditure Incurred durlng the year on consecrated or benefice buildings and movable church furhishSn8s, whether malntenance or Smprovement, Is wrltten off. Other tangible Ilxed assets are stated at cost less accumulated depreciation. Depreclation is provided at rates calculated to write off the cost of each asset over its expected usefu5 Ilfe. The rates used are as follows: flxtures, fittings and equipments 25% Reducing balance method Investments held as Ilxed assets are revalued at mid-market value at the balance sheet datè and the galn or loss taken to the slatement of flnanclal actlvltles. Page 11
The Parochlal Church Councll of The Etcleslastlcal Parlsh of St. Catherine's Halcham Note5 to the accounts for the year ended 31 December 2022 IvlS1 Debtors Trade debtors are recognised initially at the transaction price. They are subsequently measured at amort15ed cost unlng the effective Interest method, less provlsion for Impaliment. A provision lor Impalrment of trade debotrs is established when there is objectlve evidence that the trust will not be able to collect all amount due accordlng to the orl8lnal terms of the recelvables. Ll Cash and cash e ulvalents Cash and cash equivalents include cash In hand, deposlts held at tall with banks, other short-term liquld investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowings sn current Ilabilltles. C¥editors Trade credltors ère recognlsed Inltlally at the Iransactlon price and subsequently measured at amortlsed cost using the efleclive interest method.Short term trade credito¥s are measured at the transaction price. Other flnanclal Ilabillties, including bank loan5, are measured Inltially at falr value, net of trallsacllon costs, and are measured subsequently at 3mortised cost uslng the effective interest method. ee Benefit Short term employee beneflts and ¢tsntrlbutions to defSned contrlbutlon plans are recognised as an expense in the perlod In whlch they are incurred. 2 Donatlons and legacles Total funds 2022 Total funds 2021 THC funds Restrlcted Unrestrlcted funds funds L005e cash Planned gSvlnE Oonations Grants Telegraph Hill Centre- donations income 5,197 49,468 10,016 1,7 5,197 49,468 10,016 1,700 6,572 5,392 51,178 3,041 3,LXJO 649 6.572 Total 6,572 66,381 72,953 63,260 3 Other tradlng artlvltles Total funds 2022 Total funds 2021 THC funds Rè5trlctèd funds Unrestrlcted funds Telegraph Hill Centre- lettings Telegraph Hill Centre- other Income Fundraisin8 Rental income Contributlon towards utilities 93.948 7,791 93,948 7,791 241 l(Kl,358 3,060 45.914 6,169 166 102,984 1,800 241 100,358 3,060 Total 101,739 103,659 205,398 157,033 Page 12
The Pa¥ochlal Church Councll of The Eccleslastlcal Parlsh of St. CatherSne's Hatcham Notes to the accounts for the year ended 31 Decembèr 2022 4 Income from Investments Total funds 2022 Total funds 2021 THC funds Restrlcted Unrestricttd funds fund5 Telegraph Hill CentTe- Interest 22 22 Total 22 22 S Income from charitsble activities Totsl fund5 2022 Totol funds 2021 THC funds Restrlded funds Unrestricted tund$ Fee5 Other 819 819 1,036 Total 819 819 1,036 6 Charltable actlvltles Total lunds 2022 Total funds 2021 THC funds pcc funds The Parlsh Support Fund Incumbent Church runnlng costs Church maintenance Upkeep of servlces Music and organist Pastoral asslstance Mlnistry costs Communlty proletts Bookkeeplng Legal and professlonal Independent examlnatlon Telegraph Hill Centre running costs Depreciation- THC Diocesan and Deanery Cost Donations Bad debt wrltten off 60,000 640 17,308 15,538 12,296 6,225 1,449 750 9,038 60,000 640 17,308 15,538 12,296 6,225 1,449 750 9,038 55,000 450 16,993 18,257 11,219 5,002 1,435 7,973 45 2,045 4,214 610 3,526 610 4,792 1,266 166,615 516 166,615 516 12,369 1,991 113,112 979 12,369 1,991 1,055 Total 168,397 141,740 310,137 237,779 Page 13
The Parochlal Church Council of The Ecclesiastlcal Parish of St. Catherlne'5 Hatcham Notes to the accounts for the year ended 31 December 2022 7 Staff costs and numbers 2022 2021 Staff cosis were as follows: Salarles and wages Stsclal Security Costs Employer's contrlbution to deflned contributlon pension schernes 102,715 1,436 1,875 64,500 286 1,017 Total 106,026 65.803 No employee Teceived emoluments of more than £60,00012021: nlll The average number of employees during the year was as follows.. 2022 2021 No, Telegraph Hill Centre Total 8 PCC members, remuneratlon and Èxpense5 The Incumbent, Aevd Sherldan james, recelved an expense allowance of £2,000 in 202212021.. £3,300). No PCC Member or other person related to the tharlty had arhy personal interest in any contract or transactions entered Into by the charity dvrlng the year12021: nill. PCC members have ultlmate control of the charSty. 9 Twnglble flxed a55èts Offlce equlpment Total Cost At l January 2022 Additbons Disposals At 31 December 2022 26,313 26,313 26.313 26,313 Accumuluted depreclt7tlon At l January 2022 Charge for the year At 31 Decefflber 2022 24,249 516 24,765 24,249 516 24,765 Net book volue At 31 December 2022 At 31 December 2021 1,548 2,064 1.548 2.064 The PCC owns the Telegraph Hlll Centye premlses. However, no value Is attributed to this property in the financial Statements a5 the buildin8 15 attached to the church premises and the PCC does not conslder that it has a slgnilicant market value. Page 14
The Parochlal Church Councll of The Eccleslastlcal Parlsh of St. Catherlne's Hatcham Notes to the accounts for the year ended 31 December 2022 10 Debtors 2022 2021 Glft Ald due from HMRC Other debtors Rent debtors Prepayments 9,5fK) 22,814 65 1,580 10,000 24,055 18501 1,536 Total 33,959 34,740 11 Credltor$: amount5 falllng due within one year 2022 2021 Trade creditors Other credltors Accruals 7,040 12,923 19,494 4,391 14,494 5,460 Total 39,457 24,345 12 Analysls of nèt assÈts between funds Current year General funds Deslgnated funds Re5trlrted funds Total fund$ 2021 Tangible fixed assets Current assets 1,548 905 1,548 180,430 139,4571 145.990 139,4571 33,535 Net assets at 31 December 2022 106,533 33,535 2,453 142,521 Comparative- previous year General fund5 DÈslgnated Restricteil lunds fvnd5 Total funds 2020 Tangible fixed assets Current assets 2,064 8,195 19,1491 2,064 195,747 124,3451 154,017 115,1961 33,535 Net a55ets at 31 December 2021 138,821 33.535 I,iio 173,466 Page 15
The Parochial Church Councll of The Eccle55astlcal Parlsh of St. Catherlne's Hatcham Note5 to the accounts for the year ended 310ecember 2022 13 Movèmènts In funds Current year At Outgolng 31 December resourtes 2022 At l January Transfer5 Incomlng 2022 between funds resourtes Restrfctedlunds., THC projects- Branching Out THC- Covld 19 DCMS THC general ESOL classes 935 7,535 17,3601 935 1,518 16,0171 7,360 Total restricted fund5 I,iio 7,360 16,0171 2,453 Unrestrlctedfunds.. Designutedf(Jnd Bulldlng fund-Legacv 33,535 33,535 Generolfund- PCC Generolfvnd- THC 138,821 1114,5861 107,226 170,859 108,333 1141,7401 1162,3801 53,354 53.179 Total unrestrlrted funds 172,356 17,3601 279,192 1304,1201 140,068 Tot?1 funds 173,466 279,192 1310,1371 142,521 Comparatlve- prevlous year At Out8oln8 31 December esource5 2021 At l January Transfers Incomln8 2021 between funds resour(e5 RestrfctedAunds.' THC projects- 8rènehlng Out THC- Covid 19 DCMS THC genera ESOL classes 935 15,403 14,426 935 7,535 17,3601 17,8681 1107,0841 13,0001 32.565 52,733 3,000 Tolal restricted funds 30,764 32,565 55,733 1117,9521 I,iio UnrestrlctedAunds.' Designt7tedfund Bulldlng fund-Legacy 33,535 33,535 Generalfund 125,616 132,5651 165,597 1119,8271 138,821 Total unrestricted lunds 159,151 132,5651 165,597 1119,8271 172,356 Total funds 189.915 221,330 1237,7791 173,466 Page 16
The Parochlal Chuych Councll of The E¢eleslastlcal Parlsh of St. Catherlne's Hatcham Notes to the atcounts for the year ended 31 December 2022 Purposès ol rÈ5trlded funils.. THC prolects- Branthlng Out.. THC Covi-19 DCMS Funds to support Social projects for older and more vulnerable adults. Financial assistance to deliver post-Covid19 community support services. ESOL.. Funds from Near Meighbours lor Women's Only English Classes project. Transfer between funds.. Telegraph Hlll Centre.. The PCC controls the centre so it was decided by the Board to tranfer the 'THC general, to the unrestricted. general fund. The transfer between the PCC and THC represents contributions made by the PCC towards the work and utilities of the centre. Purposes of deslgnated funds,. Building Fund-Le8acy This was income from le8acy which was designated for repairs and renewals requlred In the latest qulnquennlal survey of the premlses or any other capital works deemed fit. 14 COVID- 19 During 2022 the PCC was still in a post-pandemic recovery period. The church remained open throughout the year, keeplng the services onllne as well. The parlshloners were returnlng to Church, hlrers were returnlng to the tentre and cllents wefe returning to thè 5eTVltes provbded by thè CÈntre. All these had a pos6tlve Impact on the PCC'5 finances. Page 17
The Parochial Church Councll of The Eccle5iastlcal Partsh of St. Catherlne's Hatcham Notes to the accounts for the year ended 31 December 2022 15 Summary accounts for TelÈgraph Hlll Centre Gyoup 2022 2021 Incomlng resources Contribution from PCC Donations, festlvals and actlvitles 25,000 7,863 25,( 649 PCC donations Telegraph Hill Festival Small grants Other 1.291 4,000 2,200 372 PCC Recharge BeBrlght recharge Telegraph Hill Festlval recharge Interest Centre lettings Centre grants- BRO Total Incomlng resources 23,134 3,203 17 22 7.565 3,015 93.948 4,571 157.758 45,914 3,154 85,298 Resources èxpended Charltable activities Salaries and rbational Insurance Staff pension Bank char8es Repairs and malntenance Llght and heat Cleaning and caietaklng Printingj Postage and stationary Telephone License5 and subscriptions 8ad debts wloff THC festival Donatloris Centre grant5- BRO Offlce equipment THC independent examlnatlon Profesional fees Advertislng, newsletter and publicitv Events tosts Depreclatlon Tutor fees Sundrles Other experndltvre BeBrlghl recharge 104,151 1,875 71 8,111 13.560 19,030 491 908 374 64,786 1,017 6,125 7,014 15,686 451 1,008 475 75 200 3,120 4,012 2,052 1,266 360 162 4,082 516 120 2,438 2,432 1,152 405 2,046 5,453 397 856 3,200 3,179 Tolal resourceg expended 168,397 114,952 Net movement In funds 110,6391 129,6541 Page18