THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. CATHERINE'S HATCHAM Known as: St Catherlne's Hatcham, PCC Charlty number: 1172843 REPORT AND UNAUDITED ACCOUNTS for the year ended 31 December 2024 FIELD SULLIVAN LIMITED CHARTERED ACCOUNTANTS 9 Hare & Billet Road London SE3 ORB
The Parochlal Church Council of The Eccleslastlcal Parish of St, Catherine's Hatcham Status: The Parochlal Church Councll Is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Charlty number: 1172843 Address: 102A Pepys Road London SE14 SSG PCC members: Revd Stanley Karlml Nloka, (appointed June 20241 Revd Jane Elliot (Asslstant Priestl David Whlsson, lappolnted June 20241 Le51ey Marshall IPCC Member/Reader} Jeremy Palmer (Treasurer) Claire Dempster, (appointed May 20241 Walter Johnson IPCC Member} Pearletta Williams {PCC Member) Gwendolyn Bente (PCC Member) Verna Brandford IPCC Memberl Karen Martin IPCC Member; Secretary) Julianna Okelola {PCC Member) Steve Tomkin5 {PCC Member/Church Warden) Marshall Man50n IPCC Member/Deanery Synod/Lay Chairl Katharine Robb IPCC Member/Deanery Synod) Jocklyn Awoonor Gordon IPCC Member) Stephanie Manson IPCC Member/Church Warden), Iresigned May 2024) Beverly Blake-walker IPCC Member), (resigned May 20241 Peter Ryan {PCC Member,. joint Secretary), (resigned May 20241 Independent examlner: Field Sullivan Limited Chartered Accountants 9 Hare & Billet Road London SE3 ORB Bankers: Santander UK PIC 2 Triton Square Regent's Place Page 1
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 2024 Report of the Parochial Church Council for the year ended 31 December 2024. Structure, Governance and Management The Parochial Church Council is a corporate body establlshed by the Church of England. The PCC operates under the Parochial Church Council Powers Measure11956) as amended and church representatlon rules that came into force on 2 January 1957. The method of appointment 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 members are responsible for making decisions on all matters to do with the mission and ministry of the church and the maintenance of the bullding, 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 2024 to the date of thls report (except where noted), are as set out in page l. Aim and purposes St Catherine's Parochial Church Councll IPCCI has the responslbilityi during the end of the interregnum and then together with the new Vicar, 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 management of the Telegraph Hlll 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. Objectives and Actlvlties St. Catherlne'5 Misslon Statement We are here to: love God follow Jesus respond to the Holy Spirit serve and love our nelghbour share the good news of Jesus Christ with all St. Catherine's MAP Aspiratlon5 are to: Deepen Discipleship Enrich Worship Strengthen the church community Be innovative in our outreach Page 2
The Parothial Church Councll of The Ecclesiastlcal Parish of St. Catherlne's Hatcham Report of the Parochial Church Council for the year ended 31 December 2024 St Catherine's works hard to maintaln a lively and enrlching spiritual life for the thrlving congregation. Thls consists of . Worshlp: Sunday worship l Eucharist 8am first Sunday of the month and 10am every Sunday), Weekday services . Morning Prayer {Mon-Wed} . Eucharist (Thursday) , Compllne online Wednesday 9pm. Outreach: Worklng alongside our partnership organisations.. Telegraph Hill Centre, and the Telegraph Hill Ployclub to provide space for all kinds of cultural and community events at the church and within the parlsh. Through the Centre (to whom we Bive a Community Development Fund grant of £25K pa) we provide a space for exercise classes, therapists, various support groups e.g. mental health, and activities for older people (Branching Out). The Playclub provides a major facility for parents/carers and their children five mornings a week. We also support a Women Only Convers¢7tion and Frlendship Group, whlch runs during term time to provSde free English classes to refugees, asylum seekers and other foreign nationals who need to develop their English language skills. We also provide space for musiclans and choirs to rehearse in the church during the week. Dlscipleshlp: During the course of the year wè provide small groups and one-off events to deepen the discipleshlp of the congregatlon. Pastoral care- We provide some pastoral care for l at any one time ) around 10-15 people who are housebound or sick, as well as preparation for marriage and baptism, and care for bereaved familles. Social Justlce- We are committed to supportln8 our ESOL classes, our weekly club for older people IBranching Outl and to engaging with Issues around systemic racism to become an anti-racist church. We are also engaging with climate justice and the environment at a spiritual and pragmatlc level. Thls year we were in an interregnum from January to June 2024. The PCC'S attention was mainly taken up with maintainlng regular services and other core church activities in the absence of a full time vicar, and preparing for the arrival of the new vicar. The PCC and congregatlon are exceptionally grateful to our non- stipendiary asslstant priest Revd Jane Elliott for carrying out the majority of the clergy tasks that enabled regular worship to continue and thrive through these months. We also record our appreciation forthe help from several other clergy in the diocese who have come and taken services for us. The administration of the parish placed a heavy burden especlally on our churchwardens, to whom the PCC and parish are also very grateful. For the flrst few months of 2024, the church was run entirely on a voluntary basi5. At the end of 2023, we were pleased to hear that the diocese had nominated a sultable candidate for vicar, who was intervlewed in January 2024 and offered and accepted the post. The Revd Stanley Njoka arrived in the parish in May and was instituted by the Blshop in early June 2024. Since then, our new vicar has taken over the directlon of the collective effort of the parish, and overseen a number of improvements and innovations which have been welcomed- in partlcular, resumption of weekday services, a new online Compline, better use of our existing public address system, and Improvements to lighting and securlty in the church. Page 3
The Parochlal Church Council of The Ecclesiastical Parish of St. Catherlne's Hatcham Report of the Parochial Church Council for the year ended 31 December 2024 Publlc Benefit When plannlng our activities for the year, we have considered the Commlssion's guidance on public beneflt and, in partlcular, the supplementary guidance on charities for the advancement of religion. 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 developin8 their knowledge and trust in Jesus. Provision of pastoral care for people livlng in the parish. ty Mission and outreach work. To facilitate this work it is im portant that we maintaln the fabric of the Church of St. Catherlne's and the Telegraph Hill Centre. PCC Achievement and Performance The activlties of the Church community during the year are set out in the PCC report (published separately) to the Annual Parochial Church Meeting. Financial review of 2024 flnancial year Treasurer's Report During 2024 the PCC continued to receive a steady income from our portfolio of rental propertie5 that form part of the Telegraph Hill Centre complex - these cover 2 studlos for artists, one resldentlal f lat, the Hill Station community café, and the Be Brlght nursery. We completed rent renegotiation and lease extension for the Hill Station and the nursery, with substantially higher rents flowing in from the nursery from Q4 2024. Occasional hires of the church eg for filming or music rehearsal space have also provided addltlonal income. The utilisation of the rooms for hire within the Telegraph Hill Centre ha5 also been good. Voluntary stewardship income to the church remaln5 Strongi With the great majority received under bank standing order and therefore reliable. Apart from certaln non-recurring costs around the new vicar's instltution, general expenditure ha5 been fairly modest. 2024 saw some sizeable bullding maintenance costs, in particular repair to a f lat roof above studio I, and a contribution towards the replacement of the Hill Station's external deckin81 and there are number of items needing to be paid for in the first half of 2025. Cash balances remain adequate, typically between £65,000 and £80,000, in part because the anticipated expenditure on the substantlal building work on the boundary wall did not arlse durlng the year, We are also overdue in claiming around £10,000 Gift aid cash from 2023. We have embarked on urgent work called for in our recent quinquennial Inspectlon but any substantlal expenditure will only occur in 2025 During 2024 we paid in full our Parish Support Fund contrlbution of £62,000 and raised this to £64,500for 2025. Page 4
The Parochial Church Council of The Ecclesiastical Parlsh of St. Catherine's Hatcham Report of the Parochial Church Council for the year ended 31 December 2024 Reserve5 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 is held to smooth out fluctuations in cash flow and to meet emergencies. We have met this target. Risk assessment and Safeguarding The PCC regularly identifies and reviews major risk5 facing the charlty and have put measures in place to mitlgate them. The PCC follows guidelines for Safeguardlng and Risk Assessment laid down by the Diocese of Southwark, and benefits from personnel with work experience of safeguardlng children. 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 Stephanle Manson (up to May, then succeeded by David Whissonl and Stephen Tomkins who have worked so tlrelessly on our behalf. Administrative Information St Catherine's Church sits on the top of Telegraph Hill, at the junction of Kltto and Pepys Road. It is part of the Deptford Deanery and is part of the Diocese of Southwark wlthin 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 Snce 2016 a charity in its own rlght. The charitable status and charity number covers all the PCC activitles and their various subcommlttees I the Telegraph Hill Centre Group and the Telegraph Hill Playgroup}. Page 5
The Parochial Church Council of The Ecclesiastical Parlsh of St. Catherlne's Hatcham Report of the Parochial Church Council for the year ended 31 December 2024 Statement of PCC members, responslbllltles 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 {United Kingdom Generally Accepted Accounting Practicel. The law applicable to charltles in England and Wales requlres the trustees to prepare financial statements for each financial year which give 3 true and fair view of the state of affairs of the charity and the Incoming resources and applicatlon of resources of the charlty for that period. In preparing those flnancial statements, the trustees are requlred to: al select suitable accounting policies and apply them consistentlyi bl observe the methods 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 explained In the flnancial statements,. el prepare the financial statements on the going concern basis unles5 It Is inappropriate to presume that the charity wlll continue in operation. The trustees are responsible for keeping proper accountlng records that disclose with reasonable accuracy at any tlme the financial position of the charlty, and which enable them to ensure that the financlal statements comply with the Charlties Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities, This report was approved by the PCC and signed on its behalf. On behalf of the PCC on . Rev Stanley Njoka Vicar Jeremy almer PCC Treasurer Page 6
The Parochial Church Council of The Ecclesiastlcal Parlsh of St. Catherlne's Hatcham Independent Examlnerfs Report to the Trustees of The Parochlal Church Counc51 of The Eccleslastlcal Parlsh of St, Catherlne's, Hatcham I report to the trustees on my examination of the financial statements of The Parochial Church Council of St Catherlne, Hatcham I'the charity'l for the year ended 31 December 2024 whlch comprlse the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charitV'S trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsiblllty to anyone other than the charity and the charlty's trustees as a body, for my work, for thls report, or for the opinlons I have formed. Responslbllltles and basls of report As the trustee5 of the charity you are responsible for the preparation of the financial statements In accordance with the requlrements of the Charities Act 20111'the Act,). I report in respect of my examlnation of the charitws financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Dlrections given by the Charity Commission under sectlon 14515llbl of the Act. An independent examlnation does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their oplnion on the financial statements. The planning and conduct of an audlt goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion a5 to whether the financial statement5 present a 'true and fair, view and my report is Ilmited to those specific matters set out in the independent examiner's statement. Independent examlner's statement Since the church's gr055 income exceeded £250,000 your examiner must be a member of a body listed in sectlon 145 of the 2011.1 conflrm that l am quallfled to undertake the examination because l am a member of ICAEW which is one of the listed bodies. I have completed my examlnation. I confirm that no material matters have come to my attention in connection wlth the examinatSon giving me cause to belleve that In any material respect.. accounting records were not kept in respect of the charity a5 required by sectlon 130 of the Act,. or the financial statements do not accord wlth those records; or the financial statements do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and falr view which is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters In connectlon with the examination to which attention should be drawn in thls report n order to enable a proper understanding of the financial statements to be reached. Tim Sulllvan FCA Field Sullivan Limited Chartered Accountants 9 Hare & Billet Road London, SE3 ORB Date 133 /4r Page 7
The Parochl?I Church Councll of The Eccleslastlcal Parlsh of St. Catherlhe's Hat¢ham Statement ol Flnanclal Actlvitles lor the year ended 31 De£embeT 2024 Total Funds 2024 Total Funds 2023 Restrlcted Fund5 Unre5trl¢ted Funds Restrlcted Funds Unrestrlcted Funds Note Income Zhd Endowmehts from., Donatlons and legacles Other trading attivltles Investments Charltable activStles 6,046 67.760 261,988 251 1,226 73,806 261,988 251 1,226 3,000 59,234 227,309 256 2,495 62.234 227,309 256 2,495 Totollncomlng resources 6.046 331,225 337,271 3.000 289,294 292,294 ExpendltllTe on: Charltable actlvltles 4,887 331,009 335,896 4,500 300.492 304,992 Totul resources expended 4,887 331,009 335,896 4,500 300,492 304,992 Net Eains/llossesl on investments Alet Income/{expendltureJ 1,159 216 1.375 11.5001 111.1981 112,6981 Transfers between funds Net rnovtmentlnAund5 1.159 216 1,375 11,5001 111,1981 112,6981 Reconflllatlon of funds Total funds brought forward TotulAunds corrledforwurd 953 2,112 128,870 129,086 129,823 131,198 2,453 9S3 140.068 128,870 142.521 129,823 13 Page 8
The Parochial Church Council of The Ecclesiastical Parish of St. Catherlne's Hatcham Balance Sheet asat 31 Oecember 2024 Note 2024 2023 Flxed assets Tangible a55ets 13,784 13,784 1,161 1,161 Current asset5 Debtors Cash at bank and in hand Total current assets io 60,886 86,009 146,894 41,825 116,499 158,324 Credltors: amounts falllng due withln one year li 129,4801 129,6621 Net current usset5 117,414 128,662 Total assets less current Ilabllltles 131,198 129,823 Net assets 12 131,198 129,823 The funds of the charlty: Restricted funds Unrestricted funds.. Designated General fund Total unrestricted funds 2,112 953 33,535 95,551 33,535 95,335 129,086 128,870 Totul chorltyAunds 13 131,198 129,823 These financial statements were approved by the PCC and slgned on its behalf by: Rev Stanley Njoka Vicar eremy P er- Treasurer Date.. Date.. Jb oJd 15 Page 9
The Parochial Church Council of The Ecclesiastlcal Parish of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 l Accountlng pollcles The principal accounting policies are summarised below. The accountlng policies have been applied consistently throughout the year and in the preceding year. (il Statutor information The charity Is a church with no share capital, and domiciliateed in England and Wales. The address of the principal office is 102A Pepy5 Road, London, SE14 5SG. The financlal statements are prepared in Sterling, which is the functlonal currency of the church. Monetary amounts in this financlal statements are rounded to the nearest pound. Illl Basis of accountin The financial statements have been prepared under the hlstorical cost convention. Companies Act 2006, Charities Act 2011 and the Charities Statement of Recommended Practice IFR51021. 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 adjoining the church premises and is a sub-group of the PCC. Accordlngly, and on the recommendation of the Diocesan finance office, their accounts have been incorporated into the PCC accounts. Goin concern These financial statements are prepared on the going concern basis. The board members have a reasonable expectatlon that the church will continue Sn operatlonal existence for the foreseeable future, and are not aware of any material uncertainties which may cause doubt on the church's ability to continue as a going concern. (liil Fund accountln General funds represent the funds of the PCC that are not subject to any restrictlons regarding their use and are available for appllcation on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted, Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in the note5. The financial statements include all transactlons, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe thelr main affiliation to another body, nor those that are Informal gatherings of church members. The accounts of the Telegraph Hill Centre Group are incorporated as part of the financial statements. A summary of the Group's accounts is included at note 16. {ivl Incomin resources All incoming resources are Included In the statement of financial activities when the PCC is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies afe applied to particular categorles of income.. Collections are reco8nised when received by or on behalf of the PCC Planned giving receivable under Gift Aid Is recognised only when received. Tax recoverable on Gift Aid donations Is recognised when the donation is recognised. Page 10
The Parochlal Church Council of The Eccleslastical Parlsh of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 Ilvl Incomin resources continued Grants and legacies to the PCC are accounted for as soon as the PCC Is notlfled of Its legal entltlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Donated services and facilities are included at the value to the charity where this can be quantlfied, The value of servlces provlded by volunteers has not been included In these accounts. Income from fundralsing activities Is accounted for gross. Rental Income from letting of premises is recognised when the rental is due. Investment income is included when receivable. Reallsed galns and losses on investments are reco8nised when the investments are sold. Unrealised gains and losses are accounted for on revaluation of investments at 31 December each year. Iv) Resources ex ended Expenditure is accounted for on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Cost5 of generating funds comprise the costs associated with fundralsing events. Charltable expenditure comprlses those costs incurred by the charity in the delSvery of its actlvities and services for its beneficiarles. It Includes both costs that can be allocated dlrectly to such activitles and those costs of an indirect nature necessary to support them. Grants and donations are accounted for when paid over, or when awarded, If that award creates a blndlng obligation on the PCC. The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provlded for in these flnancial statements as an operational Ithough not a legall liability and Is shown as a creditor In the balance sheet. Ivi} Fixed assets Consecrated property and moveable church furnlshlngs Consecrated and beneficed properly of any klnd is excluded from the accounts by 596{2la Charlties Act 1993. No value Ss placed on moveable church furnishings held by the churchwardens on special trust for the PCC which require a faculty for disposèl. All expenditure incurred during the year on consecrated or beneflce buildlngs and movable church furnishings, whether malntenance or improvement, Is written off. Other tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful Ilfe. The rates used are as follows., flxtures, flttings and equipments land and bulldings 25°A Reducing balance 6.660A Straight line Investments held as fixed asset5 are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities. Page11
The Parochial Church Councll of The Ecclesiastical Parish of St. Catherlne's Hatcham Notes to the account5 for the year ended 31 December 2024 Iviil Debtors Trade debtors are recognlsed Inltlally at the transaction prlce. They are subsequently measured at amortlsed cost unlng the effective interest method, less provision for impairment. A provision for impairment of trade debotrs is established when there 15 oblective evidence that the trust will not be able to collect all amount due according lo the original terms of the reteivables. Ll Cash and cash e uivalents Cash and cash equivalents include cash in hand, deposlts held at call wlth banks, other short-term liquid investments with orlginal maturities of three month5 or less, and bank overdrafts. Bank overdrafts are shown wlthin borrowings in current liabilitie5. Creditors Trade creditors are recognised inltlally at the transaction prlce and subsequently measured at amortised c05t uslng the effectlve interest method.Short term trade creditors are measured at the transaction price. Other financial Ilabilities, Including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. ee Benefits Short term employee beneflts and contributions to defined contribution plan5 are recognised as an expense in the period in which they are Sncurred. 2 Donatlons and lega¢les Total funds 2024 Total funds 2023 THC funds Re5trlcted Unrestrlcted funds funds Loose cash Planned giving Donations Grants Telegraph Hill Centre grants and donatlons 6,115 45,691 5,690 2,000 6,115 45,691 5,690 2,000 2,343 43,982 5,196 3,000 8,264 6,046 14,310 7,713 Total 8,264 6,046 59,496 73,806 62,234 3 Other tradlng activities Total funds 2024 Total funds 2023 THC funds Restrlcted Unrestrlcted funds fund5 Telegraph Hill Centre - lettings Telegraph Hill Centre- other income Fundraising Rental income Contribution towards utilities and insurance 108,767 24,202 108,767 24,202 182 117,076 93,622 20,261 140 108,981 182 117,076 11.761 11.761 4,305 Total 132,969 129,019 261,988 227,309 Page 12
The Parochlal Church Council of The Eccleslastical Parlsh of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 4 Income from Investments Total funds 2024 Total funds 2023 THC funds Restrlcted Unre5tri¢ted funds funds Telegraph Hill Centre - interest 251 251 256 Total 251 251 256 5 Income from ¢harltable actlvities Total funds 2024 Total funds 2023 THC funds Restrlcted Unrestrlrted funds funds Fees 1,226 1,226 2,495 Total 1,226 1,226 2.495 6 Charltable a¢tlvltles Total funds 2024 Total funds 2023 THC funds pcc funds The Parlsh Support Fund Incumbent Church runnlng costs Church maintenance Upkeep of services MusSc and organlst Ministry costs Community projects Legal and professSonal Independent examination Telegraph Hill Centre running costs Depreciation - THC Diocesan and Deanery cost Total 62,000 261 33,155 36,558 5,995 5,562 12 62,000 261 33,155 36,558 5,995 5,562 12 11,676 10,756 5,098 163,131 1,617 75 60,000 908 25,904 19,090 7,508 6,516 213 9,605 3,736 5,318 164,211 387 1.596 11.676 10,756 3,672 1,426 163,131 1,617 75 166,174 169,722 335,896 304.992 Page 13
The Parochial Church Councll of The Ecclesiastlcal Parlsh of St. Catherine's Hatcham Notes to the account5 for the year ended 31 December 2024 7 Staff costs and numbers 2024 2023 Staff costs were as follows: Salaries and wages Social Securlty costs Employer's contribution to defined contribution pension schemes 97,998 1,806 1,800 104,555 2,757 2,033 Total 101,604 109,345 No employee received emoluments of more than £60,00012023'. nil) The average number of employees during the year was as follows.. 2024 2023 Telegraph Hill Centre Total 8 PCC members, remuneratlon and expenses No PCC Member or other person related to the Charity had any personal Interest in any contract or transactions entered into by the charity during the year12023: nill. PCC members have ultimate control of the charlty. 9 Tangible fixed assets Offlce Land equipment and bulldlngs Total Cost At l January 2024 Additions Disposals At 31 December 2024 26,313 2,060 1569) 27,804 26,313 14,240 15691 39,984 12,180 12,180 Accumuluted depreclotlon At l January 2024 Charge for the year Disposals At 31 December 2024 25,152 805 15691 25,388 25,152 1,617 15691 26,200 812 812 Net book value At 31 December 2024 At 31 December 2023 2,416 1,161 11,368 13,784 1,161 The PCC owns the Telegraph Hlll Centre premises. However, no value is attributed to this property In the flnanclal statements as the bullding is attached to the church premises and the PCC does not tonsider that it has a significant market value. Page 14
The Parochlal Church Councll of The Ecclesiastical Parish of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 10 Debtors 2024 2023 Gift Aid due from HMRC Other debtors Rent debtors Prepayments 18,273 38,045 2,005 2,563 9,000 27,537 2.395 2,893 Total 60,886 41,825 11 Credltors.. amounts falllng due wlthln one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 6,085 15,340 8,055 9,463 13,957 6,242 Total 29,480 29,662 12 Analysls of net assets between funds Current year General fund5 De51gnated funds RestrS¢ted funds Total funds 2024 Tangible flxed assets Current assets Current liabilitles 13,784 111,247 129,4801 13,784 146,894 129,4801 33,535 2,112 Net assets at 31 December 2024 95,551 33,535 2,112 131,198 Comparatlve- prevlous year General funds Deslgnated RestrScted funds funds Total funds 2023 Tangible fixed asset5 Current assets Current liabllltles 1,161 123,836 129,6621 1,161 158,324 129,662) 33,535 953 Net assets at 31 December 2023 95,335 33,535 953 129,823 Page 15
The Parochial Church Councll of The Eccleslastical Parish of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 13 Movements In funds Current year At Outgolng 31 December resources 2024 At l January 2024 Transfers Incomln8 between funds resources Restrlrtedfunds.. THC projects - Branchlng Out THC- Covid 19 DCMS THC- Warm Welcomes 315 638 3,296 11,7261 16381 12,523} 1,885 2,750 227 Total restricted funds 953 6,046 14.8871 2,112 UnrestrlctedAund5.' Deslgnotedfund Building fund-Legacv 33,535 33,535 Generolfund- PCC Generolfund- THC 35,382 59,953 130,7631 30,763 189,741 141.484 1169,7221 1161,2871 24,638 70,913 Total unrestricted funds 128,870 331,225 1331,0091 129,086 Total funds 129,823 337,271 1335,8961 131,198 Comparatlve - prevlous year At Outgoing 31 December resource5 2023 At l January 2023 Transfer5 Incoming between funds resources Restrl¢tedlund5.' THC prolects - Branching Out THC- Covld 19 DCMS THC general 935 1.518 16201 18801 13,0001 315 638 3.000 Total restricted funds 2,453 3,000 14,5001 953 Unrestrlctedfund5.' Deslgnatedfund Building fund-Legacy 33,535 33,535 Generalfund- PCC Generalfund- THC 53,354 53,179 149,6001 49,600 170,442 118,852 1138,8141 1161,6781 35,382 59,953 Total unrestricted funds 140,068 289,294 1300,4921 128,870 Total funds 142,521 292,294 1304,9921 129,823 Page 16
The Parochlal Church Councll of The Eccleslastical Parish of St. Catherine's Hatcham Notes to the accounts for the year ended 31 December 2024 Purposes of restrlcted funds: THC projects - Branching Out: THC Covi-19 DCMS THC- Warm Welcomes Funds to support social projects for older and more vulnerable adults. Financial assistance to deliver post-Covid19 communlty support services. Funds from Lewisham Local to deliver the Warm Welcome prolect. Transfer 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 utilities of the centre. Puiposes of deslgnated funds: Building Fund-Legacy This was Income from legacy which was deslgnated for repairs and renewals required in the latest quinquennial survey of the premlses or any other capltal work5 deemed fit. Page 17
The Parochlal Church Council of The Ecclesiastical Parish of St. Catherine's Hatcham Note5 to the accounts for the year ended 31 December 2024 14 Summary accounts for Telegraph Hlll Centre Group 2024 2023 Incomlng resources Contrlbutlon from PCC Donatlons. festivals and 3Ctlvlties 25,000 17,409 25,000 10,213 PCC donatlons Telegraph Hlll Festlval Lewisham Local The National Lottery Small grants Other 3,100 4,000 2,900 3,296 633 3,480 PCC Recharge Telegraph Hlll Playgroup recharge BeBright recharge Other Income Interest Centre lettlngs Centre Erants- BRO Other Total incomlng resources Resources expended Chèritable activitle5 Salaries and national insurance Staff pension Donations Centre grants- MBS Office equipment Events costs Support costs 2,663 14,060 804 2,500 2SI 108,767 6,837 22,100 10,967 3,906 256 93,622 5,388 178,293 171,452 99,804 1,800 107,312 2,033 80 6,481 2,737 240 43,389 162,272 8,059 2,472 53,239 165,374 Support costs Bank charges Repairs and maintenance Light and heat Cleaning and taretaking Printingi Postage and stalionary Telephone Licenses and subscriptlons Bad debts THC independent examinatlon Profesional fees Insurance Depreciation Other administrative costs 72 15,381 15,2911 26,055 1,038 1,064 187 2,876 1,426 414 6,304 1,617 2,097 53,239 77 7.020 10,860 19,265 741 802 341 I,S80 360 387 1,954 43,389 Other expenditure BeBriBht recharge Total resource5 expended Net movement In funds 801 3,906 166,178 166,174 12,119 5,274 Page 18