THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. CATHERINE'S HATCHAM Known as: St Catherine'5 Hatcham, PCC Charlty number: 1172843 REPORT AND UNAUDITED Accou[S for the year ended 31 December 2023 FIELD SULLIVAN LIMITED CHARTERED ACCOUNTANTS 9 Hare & Blllet Road London SE3 ORB
The Parochial Church Council of The Ecclesiastlcal Parish of St. Catherlne's Hatcham Status: The Parochial Church Council Is a corporate body establlshed by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Charlty number: 1172843 Addiess: 102A Pepys Road London SE14 5SG PCC members: Revd Sheridan James Ichairlvicarl, Iresigned January 20231 Revd Jane Elliot IAssistant Priestl Lesley Marshall IPCC Member/Readerl jeremy Palmer ITreasurerl, (appointed November 20221 lake Nicholls IPCC Secretaryl, Iresigned August 20231 Stephanie Manson IPCC Memberlchurch WardenlLay chairl Steve Tomkin5 IPCC Member/Church Warden) Marshall Manson IPCC MemberlDeanery Synod) Michelle Lundie IPCC Mèmber/Deanery Synod), (resigned lune 20231 Katharine Robb IPCC MemberlDeanery Synodl Clarre Thomas IPCC MemberlLay chalrl, Ireslgned May 20231 john (Ben) Robb IPCC Member), Ireslgned May 20231 locklyn Awoonor Gordon IPCC Memberl Camilla Kennedy Harper IPCC Member), Iresigned May 20231 Beverly Blake-walker IPCC Member) joanna Jarman IPCC Member), (resigned May 20231 Premlata Samuel IPCC Member), (resigned May 20231 Peter Ryan IPCC Member,. joint Secretary) Walter Johnson IPCC Member), (appointed May 20231 Pearletla Williams IPCC Memberl, lappointed May 20231 Gwendolyn Bente IPCC Memberl, (appointed May 20231 Verna Brandford IPCC Memberl, (appointed May 20231 Karen Martin IPCC Member,. loint Secretary), lappolnted May 20231 Julianna Akindo IPCC Memberl, lappolnted May 20231 Independenl examlner.. Field Sullivan Limited Chartered Accountants 9 Hare & Blllet Road London SE3 ORB Bankers: Santander UK PIC 2 Triton Square Regent's Place Page 1
The Parochlal Church Council of The Eccleslastlcal Parlsh of St. Catherine's Hatcham Report of the Parochlal Church Councll for the year ended 31 December 2023 Report of the Parochial Church Council for the year ended 31 December 2023. Structure, Govemance and Mana8eTnent The Parochial Church Council 15 a corporate body established by the church of England. The PCC operate5 under the Parochial Church Council Powers Measure119561 as amended and church representation rules that came into force on 2 January 1957. The method of appoinlment of PCC members is set out in the Church Representation Rules. At St Catherine's the membership of the PCC consists of the incumbent lour vicar), Churchwardens, Treasurer and members elected by those members of the congregation who are on the electoral roll of the Church. The PCC member5 are responsible for making decisions on all matters to do with the mission and ministry of the chuTch and the maintenance of the building, working alongside the Vicar, including deciding on how the funds are to be spent. The members of the PCC, all of whom have served from l January 2023 to the date of this report were approved lexcept where noted), are as set out in paBe l. Alm and purpose5 St Catherine's Parochial Chvrth Council IPCCI has the responsibility during the current interregnum, of maintaining and 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 manaBement of the Telegraph Hill Centre, which 15 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. Objective5 and Actlvities St. Catherine's M15slon 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 Christ with all St. Catherlne'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. Catherlne's Hatcharn Report Of the Parochial Church Council for the year ended 31 December 2023 St Catherine's works hard to maintain a lively and enriching splrltual life for the thrlving congregBtion. This consists of.. Worshlp.. Sunday worshlp18am first Sunday of the month and 10am every Sundayl Outreach.. Worklng alongside our partnershlp organlsatlons.. Telegraph Hill Centre, Telegraph Hill Festival and the Telegraph Hill Playgroup to provide space for all kinds of cultural and communlty events at the church and within the parish. Through the Centre (to whom we glve a Community Development Fund of £30K pal we provide a space for exercise classes, therapists, various support groups e.g. mental health, Broups for parents/carers and their children, activities for older people (Branching Outl and a pre and after school tlub. We also support a Women Only Conversation and Friendship Group, which runs during term tlme to provide free English tlasses to refugees, asylum seekers and other foreign nationa15 who need to develop their English language skills. And a space for musicians and choirs to rehearse during the week Dlsclpleship: Durlng the course of the year we provide small groups and one-off events to deepen the discipleshSp of the congregation. Pastoral care- We provide pastoral care for around 25 people who are housebound or sick, as well as preparation for marriage and baptism, and care for bereaved families. Social Justlce- We are committed to Supporting our ESOL classes, our weekly club for older people (Branching Outl and to engagSng with issues around systemic racism to become an anti-racist church. We are also engaging with climate justlce and the environment at a spiritual and pragmatic level. This year we were in an interregnum from late January 2023 onwards following the departure of Revd Sheridan James. The PCC'S attention was mainly taken up with maintaining reEular services and other core church activities in the absence of a full time vicar, and undertaking the necessary procedures towards obtaining a new vicar, such as producing a parish profile. The PCC and congregation are exceptionally gratefu5 to our non-stipendiary assistant priest Revd Jane Elliott for carrying out the majority of the clergy tasks that enabled regular worship to contlnue and thrive through the year. We also record our appreclation for the help from several other clergy in the dSocese who have come and taken services for us. The administration of the parish placed a heavy burden especially on our churchwardens, to whom the PCC and parish are also very grateful. We had the benefit of our pastoral assistant ladministrator lake Nicholls working for us until end August 2023, when he moved on to another post as part of discernment of vocation. For the final few months of 2023, the church was run entirely on a voluntary basos. At the end of the year, we were pleased to hear that the diocese had nomlnated a suitable candidate for vicar, who was interviewed in January 2024 and offered and accepted the post. The Revd stanley Njoka has been instituted in early June 2024. Page 3
The Parochial Church Councll of The Eccleslastlcal Parlsh of St. Catherlne's Hatcham Report of the Parochial Church Council for the year ended 31 December 2023 Public Benetit When planning our activities for the year, we have considered the Commlssion's guidat)ce on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular. we try to enable ordinary people to Ilve 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 Ilvlng in the parish. Mission and outreach work. To facilitate this work It Is important that we malntaln the fabric of the Church of St. Catherine's and the Telegraph Hill Centre. PCC Achlevement and Performance The activities of the Church community during the year are set out in the PCC report (published separately) to the Annual Parochial Churth Meeting Ithe "APCM'I. Flnanclal revlew of 2023 flnanclal year Treasurer's Report During 2023 the PCC continued to retelve a steady income from our portfolio of rental properties that form Part of the Telegraph Hill Centre complex- these cover 2 studios for artists, one resldential flat, the Hill Station community café, and the Be Bright nursery. We completed rent renegotiation and lease extension for the two studios, wlth hlgher rents flowing in from Q4 2023. As at the year end, negotiations were under way for a significant increase in rent from the nurserv premises. Occasional hires of the church eg for filming or music rehearsal space have also provided additional income. The utilisation of the rooms for hlre within the Telegraph hlll centre has also been Strong. The centre users have recovered from their lockdown problems, and the cash flow from hlres is good. Voluntary stewardship income to the church remains strong, wlth the Breat majority received under bank StandinE order and therefore reliable. In the absence of a vicar, expenditure was probably lower than usual in 2023. The cost of our parish administrator fell away after August, and there were fewer events requiring addltlonal expenditure. 2023 was also a relatively benign year for bullding malntenance costs, though there are number of items needing to be paid for in the first half of 2024. Cash balances remain high, typically between £80,000 and £IOO,000, in part because the anticipated expenditure on the substantial building work on the boundary wall did not arise during the yearwe now expect this to feature in the second-half of 2024, as well as any urgent work called for in our current quinquennial inspection. Page 4
The Parochial Church Council of The Eccleslastlcal Parish of St. Catherine's Hatcham Report of the Parochial Church Council for the year ended 31 December 2023 During 2023 we paid in full our Parish Support Fund contribution of £60,000 and raised this to £62,000 for 2024. Reserves It is PCC policy to try to maintain a balance on unrestricted fund which equates to at least three months unrestricted payments. This is equivalent to £35K. It 15 held to smooth out fluctuations in cash flow and to meet emergencies. We have met this target. Rlsk asse55ment and Safeguarding The PCC regularly IdentSfies and reviews major risks facing the charity and have put measures in place to mitigate them. The PCC follow guidelines for Safeguarding and Risk Assessment laid down by the Diocese of Southwark, including all Covid regulations. We have also benefited from a recent desk-based risk review by our insurers Ecclesla5tical. Volunteers We would like to thank all the volunteers who work 50 hard to make our church the Ilvely and vlbrant community it is. In particular we want to mention our churchwardens StephanSe Manson and Stephen Tomkins who have worked so tirelessly on our behalf. Adminlstrative Information St Catherine's Church sits on the top of Telegraph Hill, at the junction of Kitto and Pepys Road. Itls 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 SSG. 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 varlous subcommittees I the Telegraph Hill Centre roup and the Telegraph Hill Playgroupl. Page 5
The Parochial Church Councll of The Eccleslastlcal Parlsh of St. Catherlne's Hatcham Report of the Parochial Church Council for the year ended 31 December 2023 Statement of PCC members, responslbilitie5 The PCC members, as charity trustees, are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accountlng Practice), The law appllcable to chaTlties in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing those financlal statements, the trustees are required to.. al select suitable accounting policles and apply them consistentlvl bl observe the methods and principles in the Charities SORP,. cl make judgments and estlmates that are reasonable and prudent,. d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements,. el prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charity will contlnue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fin3ncial position of the charity, and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the PCC and signed on its behalf. On behalf of the PCC on .. 3.Jqf-Ix(... Stephanie Manson Churchwarden and PCC Chair emy* Imer C Treasurer Page 6
The Parochlal Church Council of The Eccleslast5cal Parlsh of St. Catherlne's Hatcham ndependent Emamlnerfs Report to the Trustees of The Paro¢hlal Church Councll of The Ecclesiastical Parlsh of St. Catherlne's, Hattham I report to the trustees on my examination of the financial statements of The Parochsal Church Council of St Catherine, Hatcham I'the charity'l for the year ended 31 December 2023 which comprise the Statement of Flnancial Activities, the Balance Sheet and relate(I notes. This report is made solely to the charitvs trustees, as a body, In accordance with sectlon 145 of the Charlties Act 2011. My work has been undertaken so that I might State to the charity's trustee5 those matters l am requlred to state to them In this report and for no other ptJrp05e. To the fullest extent peymltted by law, I do not accept ot assume responsibility to anyone other than the charlty and the charit(s trustees as a body, for my work, for th15 report, or for the oplnlons I have formed. Responsibilities and basls of report As the trustees of the charity vou are responsible for the preparatlon of the financlal statements in accordance wlth the requirements of the Charities Act 20111'the Act'l. I report in respect of my examinatlon of the charity's financial statements carried out under sectlon 145 of the Act and in carrying out my examination I have followed all the applScable Direction5 given by the Charity Commission under sectlon 14515llbl of the Act. An independent examlnation does not involve gatherlng all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers Sn gSvlng their oplnion on the Ilnanclal statements. The planning and conduct of an audlt goes beyond the Ilmlted assurance that an independent examination can provSde. Consequently l expre55 no oplnion as to whether the flnancial statements present a 'true and fail view and my report is limited io those speclfSc matters set out in the independent examiner's statement. Independènt examiner'5 Statement Slnce the church's gross Income exceeded £250,000 your examlner must be a membe¥ 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 conflrm that no material matters have come to my attention In connection with the examination giving me cause to belleve that in any material respect.. accounting record5 were not kept in respect of the charity as required by section 130 of the Act,. or the financial statements do not at¢ord with those records,. or the financlal Statements do not comply wlth the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which 15 not a matter considered as parl of an Independent examlnatlon. I have no concerns and have come across no other matters in connection wlth the examination to whlch attention should be drawn in this report In o der to enable a proper understandlng of the financial statements to be reached. TIM Sulllvan FCA Field Sullivan Llmlted Chartered Accountants 9 Hare & Blllet Road London, SE3 ORB Date Iq Pagg 7
The Parochlal Church Council of The Eccleslastlcal Parlsh of St. Catherlne's Hatcham Balance Sheet asat 31 December 2023 Note 2023 2022 Flxed a$5etS Tangible a55ets 1,161 1,161 1,548 1,548 Current assets Debtors Cash at bank and in hand Totul current ussets io 41,825 116.499 158,324 33,959 146,471 180,430 Creditors: amounts falling due wlthln one yèar li 129,6621 139,4571 Net turrent055ets 128,662 140,973 Total assets less current1SabSllties 129,823 142,521 Net assets 12 129,823 142,521 The funds of the chaylty., Restricted funds Unre5trl¢ted funds.. Designated General fund Total unrestricted fund5 953 2,453 33,535 95,335 33,535 106,533 128,870 140,068 Total chorltylunds 13 129,823 142,521 These financial statement5 weie approved by the PCC and slgned on its behalf by.. Stephanie Man50n- Churehwarden and PCC Chalr v Palmer- Treasurer Date: Date.. 2¢L Page 9
The Paro¢hlal Chuych Councll of The Etcleslastlcal Parlsh of St. Catherlne's Hatcham Statement of Financial ActDiities loi the yearended 31 Oeeember 2023 Total Fynd$ 2023 Total Fund5 2022 Restrl¢ted Funds Unrestrlcted FThd$ Re$trlcted Funds Unre$trlrted Fund$ Note Income and Endowment$ fr¢m'. Donatlons and It8a¢les 3.000 59,234 227,309 2S6 2.495 62,234 227,309 256 2,495 72.953 205,398 22 819 72.953 205.398 22 819 Investments Chadtable activltie5 Tolullncothstiesources 3,000 289,294 292,294 279,192 279.192 Exppndltuve on.. 4.SQO 300.492 304,592 6,017 304.120 310.137 Toi&lresotsrce5 expertded 4,500 300.492 304,992 6,017 30a,120 310,137 Net 8alDslllossesl on Investments Netlftcome/lexpendlturel 11,$001 111.1981 112.6981 16.0171 124,9281 130,9451 Trathslers between funds 7.3SO 17,3601 Netmovement Inlunds 11,5001 111,1981 112.6981 1.34a 132,2881 130,9451 Reconclllatlon of funds Total fund5 broughtforward Tot•lluffld5 cu¥¥led Jorword 2,453 953 140,068 128,870 142,521 129,823 i.iio 2,45a 172,356 140,068 173,466 142,521 13 Page B
The Parochial Church Council of The Ecclesiastical Parish of St. Catherine's Hatcham otes to the accounts for the year ended 31 Detember 2023 l Accounting pollcles The prlncipal accouF¥tlng pollcles are summarlsed below. The accounting polleies have been applied consistently IhrouBhout the year and in the preceding year. lil Statutor information The charity is a church wlth no share capital, and domiciliateed in England and Wales. The address of the prbncipal office Is 102A Pepys Road, London, SE14 $5G. The flnanelal statements are prepared In sterllng, whSch Ss the functlonal currency of the church. Monetary amounts in thi5 financlal statements are rounded to the nearest pound. lill Basis of accountin The financial statements have been prepared under the historical cost convention, Companies Act 2006, Charities Act 2011 and the Charities Statement of Recommended Practite IFRS1021. The church meets the definition of a public benefit entity under FRSIO2. The financial statements include amounts In respect of the Telegraph Hill Centre Group. The Group manages the Telegraph Hill Centre adjoinln8 the church premise5 and is a sub-gTOUP ol the PCC. Accordingly, and on the recommendation of the Diocesan flnance office, thelr accounts have been incorporated Inlo the PCC accounts. Goln concern These financial statements are prepared on the going concern basls. The board members have a reasonable expectatlon that the church will continue in operatlonal existence for the foreseeable future, and are not aware of any materlal uncertainties which may cause doubt on the church's abllity to continue as a going concern. Fund accountln General fund5 represent the funds of the PCC that are not subject to any restrictions regarding thelr use and re avallable for appllcatlon on the general purposes of the PCC. Funds designated for a partlcular purpose by the PCC are also unre5trlcted. Restrlcted funds are those funds that must be spent on restricted purposes and detalls of the funds held and restrlctlons are provided in the notes. The flnancial statements include all transactlons, assets and liabllitles ftsr whlch the PCC Ss responsible Sn law. They do not include the financlal statements of church groups that owe their main affiliation to another body. nor those that are informal gatherings of thurch members. The accounts of the Telegraph Hlll Centre Group are Incorporated as part of the flnanclal statements. A summary ol the Group's accounts is included at note 16. livl Incomln resources All incoming resources are Included In the statemenl of financlal actlvStles when the PCC is entitled to the income and the amount can be quantified with reasonable accuracy. The following speciflc pollcles are applled to particular cateEories of income: Collectlon5 are recognlsed when received by or on behalf ol the PCC Planned glvlng receivable undei Glft Aid is recognised only when recelved. Tax recoverable on Gift Ald donatlons15 recognlsed when the donation is recognlsed. Page 10
The Parochlal Church Councll of The Ecclesiastical Parlsh of St. Catherine's Hatcham Note5 to the accounts for the year ended 31 Decembe¥ 2023 Ilvl Incomln tontSJbued Grants and legacies to the PCC afe accounted for a5 soon as the PCC Is notlfled of Its legal enlitlement, the amount due Is quantlliable and its ultimate receipt by the PCC is reasonably certain. Donated servlces and facilille5 are included at the value to the eharity where th15 can be quantSfied. The value of services provided by volunteer5 has not been included in these accounts. Income from fundraislng aclivities Is accounted for gross. Rental income from lettlng of premlses is recogni5ed when the rental Is due. Investment Income is included when recelvable. Realised gains and losses oh investments are reco8nised when the Investrnent5 are sold. Unrealised 8alns nd10$5es are accounted for on revaluatlon of Investments at 31 December each year. resources Iv) Resources ex ended Expenditure 15 accounted for on an accrual basis as a liability is incurred. Expenditure includes any VAT whlch cannot be fully recovered. andls reported a5 part of the expendlture to which it relates. Costs of generatlng funds comprlse the costs assoclated wlth fundra15Ing events. Charitable expenditure comprlses those cost5 incurred by the charity in the delivery of it5 activltles and servlces for Its beneficiaries. It includes both costs that carb be allocated dlrectly to such activStles and those costs of an indirect nature necessary to support them. Grants and donatloris are accounted for when pald over, or when awarded, if that award Creates a binding obligatlon on the PCC. The dlocesan parlsh shale Is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial stalements as an operational Ithough not a legall Ilability and Is shown ag a credlior In the balance sheet. Ivil Fixed assets Consecrated property and moveable church furnishings Consecrated and beneflced property of any klnd is excluded from the accounts by s96121è Charities Act 1993. No value Is placed on moveable church lyrnishin8s held by the churchwardens on speclal trust for the PCC wh1ch require a faculty for dlsposal. All expenditure incurred durin8 the year on consecrated or benefice buSldln8s and movable church furnishlngs, whether malntenante or Improvement, Is written off. Other tan8ible fixed assets are stated at cost les5 accumulated depreclatlon. Depreclatlon Is provlded at rates calculatèd to Wte off the cost of each asset over Its expected useful life. The rates used èye a5 follows.. flxturÈs, flttlngs and equipments 25% Reducing balance method Investments held as Ilxed assets are revalued at mld-market value at the balance sheet date and the Ealn or loss taken to the Statement of financial activities. Page 11
The Parochlal Church Council of The Ecclesiastical Parish of St. Catherlne's Hatcham Notes to the accounts for the year ended 31 December 2023 Ivlll Debtors Trade debtors are recognlsed inltlally at ihe transactlon price. They are subsequently measured at amortlsed cost uning the effective interest method, less provislon lor Impalrment. A provision lor impairment ol trade debotrs is established when there is objectlve evidence that the trusl will not be able to collect all amount due according to the original terms of the receivables. Lk Cash and cash e ulvalet)ts Cash and cash equivalents Include cash In hand, deposits held at call with banks, other short-term liquid Investments wlth origlnal maturitles of three months or les5, and bank overdrafts. 8ank ove¥drafts are shown within borrowings in current liabilities. Creditors Trade creditors are recognised initially at the transactiors price and subsequently measured at amortlsed cost using the effective interest method.Short term trade creditors are meèsured at the transaction price. Other flnantial liabilities, including bank loan5, are measured initially at lair valye, net of transaction costs, and are measured subsequently at amort15ed cost using the effective Interest method. ee Benefits Short terrn employee benefits and contributions to defined contrSbutlon plan5 are recoBni5ed a5 an expense in the perlod whlch they are Incurred. 2 Donotlons and lesacies Total fund5 2023 Total funds 2022 THC fund5 Restrlcted funds Unreslrlcted funds L005e tash Planned giving DonatlOn5 Grants Telegraph Hlll Centre- donatlons Income 2,343 43,982 5,196 3,000 2.343 43,982 5.196 3,000 7,713 5,197 49,468 10,016 1,700 6,572 4,713 3,000 Total 4,713 3,000 54.521 62,234 72,953 3 Other trading activltles Total funds 2023 Total funds 2022 THC funds Restrlcted Unrestrlded funds funds Telegraph Hlll Centre- lettlngs Telegraph Hill Centre- other income Fundialslng Rental income Contrlbutlon toward5 Utilitiès 93,622 20,261 93,622 20,261 140 108,981 4,305 93,948 7,791 241 100,358 3,060 140 108,981 4,305 Total 113,883 113,426 227,309 205,398 Page 12
The Parochlal Church Councll of The Eccleslastlcal Parish of St. Catherlne's Hatcham Notes to the accounts for the year ended 31 Detembe¥ 2023 10 Debtor5 2023 2022 Gift Aid due from HMRC Other debtors Rent debtors Prepayments 9,000 27,537 2,395 2,893 9,500 22,814 65 1,580 Total 41,825 33,959 11 Credltors: zmounts lalllng due wlthln one year 2023 2022 Trade creditor5 Other creditors Aecrua15 9,463 13,957 6,242 7,040 12.923 19,494 Total 29,662 39.457 12 Analy51s of net assets between funds Current year General funds De51gnated funds Restrlcted funds Total fund5 2021 Tanglble fSxed assets Current assets Current Ilablllties 1,161 123,836 129,6621 1,161 158.324 129,6621 33,535 953 Net asset5 at 31 December 2023 95,335 33,535 953 129,823 Comparztlve- prevlous year General funds Dèslgnzted Restrlrted funds funds Total funds 2020 Tangible fixed assets Current èssets 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 Page 15
The Parochlal Church Councll of The Eccleslastltal Parlsh of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2023 13 Movements In funds Current year At Outgolng 31 December re50urce5 2023 At l January Tyansfers 2023 between funds Incomln8 resources Restrlctedfunds.. THC projects- Branching Out THC- Covid 19 DCMS THC-Warm Welcomes 935 1,518 16201 18801 13,0001 315 638 3,000 Total restricted funds 2,453 3,000 14,5001 953 Unrestrlctedfunds.. Designutedfund Bubldlng fund-Legaty 33.535 33,535 Generulfund- PCC GenerulAurJd- THC 53,354 53.179 149,6001 49,600 170.442 118,852 1138,8141 1161,6781 35,382 59,953 Total unrestrlcted fund5 140,068 289.294 1300.4921 128,870 Total funds 142,521 292,294 1304,9921 129,823 Comparative- previous year At Outgoing 31 December resources 2022 At I january 2022 Transfers Incoming betweeh funds resources Restrlctedfunds.. THC projects- Branching Out THC- Covid 19 DCMS THC general 935 7,S35 17.3601 935 1,518 16,0171 7,360 Total restrlcted funds I,iio 7,360 16,0171 2.453 Unrestylctedfunds.. Designutedfund Building fund-Legacv 33,535 33,535 Generolfund- PCC Generalfund- THC 138.821 1114,5861 107,226 170,859 108,333 1141,7401 1162,3801 53,354 53,179 Total unrestricted fund5 172.356 17,3601 279,192 1304,1201 140,068 Total funds 173,466 279,192 1310,1371 142,521 Page 16
The Parochlal church Councll of The Etcle51astlcal Parlsh of St. Catherlne's Hatcham Notes to the accounts for the year ended 31 December 2023 Purposes of restr5¢ted funds: THC projects- Branching Out.. THC Covi-19 DCMS THC- Warm Welcomes Fund5 to support socSal prolect5 for older and more vulnerable adults. Flnancial asslstance to dellver post-Covid19 communlty support servlces. Funds from Lewisham Local to deliver the Warm Welcome project. Tran51er between funds: Telegraph Hlll Centre: The PCC controls the centre. The transfer between the PCC and THC represents contributions made by the PCC towards the work and utSlltles of the centre. Purposes of de51¥nated funds: Building Fund-Legacy This was income from legacy which wa5 designated for repair5 and renewals required in the latest quinquennial survey of the premlses or any other capital works deemed fit. Page 17
The Parochlal Church Councll of The Ecclesiastlcal Parish of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2023 14 Summary accounts for Telegraph Hlll Centre Group 2023 2022 Incomlng resources Contribution from PCC DonatSons, festiva15 and activitles 25,000 10,213 25,000 7,863 PCC donations Telegraph Hlll Festlval Lewisham Local Small grants Other 2,500 3,940 3,000 75 698 PCC Recharge Telegraph Hill Playgroup recharge BeBright retharge Telegraph Hlll Festlval recharge Interest Centre lettlngs Centre gTants- BRO Total Intomlng resourtes 22,100 10,967 3,906 23,134 3,203 17 22 93,948 4,571 157,758 256 93,622 5,388 171,452 Resources empended CharStable attlvlties Salaries and natlonal Insurance staff pension THC lestlval Oonations Centre grants- MBS Office equlpment Events cosls Support costs 107,312 2,033 104,151 1,875 200 3,120 4,012 2,052 4.082 45,705 165,197 80 6,481 2,737 240 43,389 162.272 Support cost5 Bank charges Repairs and maintenance Llght and heat Cleaning and caretaking Prlntlng. postage and stationary Telephone Llcen5es aqd 5ub5criptlon5 THC independent examinatlon Proleslonal fees Advertislng, new51etter arEd pvblicitv Depreciatlon Other admiThistrative costs 77 7,020 10,860 19,265 741 802 341 1.580 360 71 8,111 13,560 19.030 491 374 1,266 360 162 516 387 !] 1,954 43,389 856 45,705 Other expenditure BeBriEht recharge Total resourees expended Net movement in funds 3,906 166,178 3,200 168,397 5,274 110,6391 Page 18