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 S￿nce 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