Holy Trinity Roehampton Charity number- 1176544 Annual Report and Accounts forthe year ended 31st December 2024 Ekni
CONTENTS Reference and administrative details of the charity, its trustees and advi5er5 PCC report Independent examiner's report Statement of financial activities Balance sheet io Notes to the financial statements li
REFERENCEAND ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEESAND ADVISERS FOR THEYEAR ENDED 31 DECEMBER 2024 PCC members Joshua Rey, Vicar Rose Ferguson, Churchwarden Lynne Capocciama, Churchwarden M Woodroffe, Reader appointed by APCM Ali Angus, Oeanery Synod Marc Donaldson, Representative of the Laity Pam Harris, Representative of the Laity Alan Housden, Representative of the Laity Ndubuisi Ichekwai, Representative of the Laity Tom Kemoh, Representative ofthe Laity Esther Mirrielees, Representative of the Laity Annie Rey, Representative of the Laity Pam Smiter, Representative of the Laity Jean Vincett, Representative of the Laity Stella Kany3nyLJZi, C(>opted 3rd of December 2024 Joanna Knight, Co-opted 3rd of December 2024 Charity registered number 1176544 Administrativè information Holy Trinity church is situated on PDnsonby Road, Roehampton SW15 4LA. It is part of the Diocese of Southwark within the Church of England. The correpondence address is.. The Vicarage, 7 Ponsonby Road, SW15 4LA. The PCC is a body corporate and a charity, registered with the Charity Commission111765441. Independent Examiner Richard Holman FCA
PCCREPORT FOR THE YEAR ENDED31 DECEMBER2024 Many minor improvements to fabric and system5 Pastoral care Morning and Evening prayer continue to grow, with pastoral breakfast on Thursday Parish visiting continue5 Mission and evangelism Purchased a flat through Mission Housing for a new Children & Families, worker Recruitment for Children and Families worker yielded good shortlist linterviews early 2025 led to appointment) Youth group continues to flourish- took over Pentecost seNice. Table football is popular Bells draw in those outside the church and there is noTJV a ringing club at Roehampton Church Forest School Mindful Music continues New Service booklet developed which guides newcomers more effectively and provides better background information about the church Using the church as a venue.. Wandsworth Arts Fringe., polling station. general election hustings,. bacon rolls atthe Act of Remembrance. fundraising concert lor new piano RoehamptDn Festival Choir continLJe to perform occasional Choral Evensong and Advent Carol service Hosted the annual Generosity Week service which was streamed from the Church of England website and has $0 far been viewed Iok time5. Carols truck bringing Christmas joy to the Alton Estate The initiatives and activities detailed above are slowly taking effec( God being our helper- the graphs below show the increasing numbers at our Sunday morning services, and at Morning and Evening Prayer. A¥4r4pSund4YCoMmth1C111ts Iw4•kiyl6monthlyl 30 Jan2022 Jd2Q Jan2023 JLI2 Jan2024 JL42 110rnlhgd EvArfntPvAy4r. Iv4rnylw•klyl6mDnthtyl att4ttd•ht Jv12912 n2023 Jv12023 JullQ14
PCC REPORT FOR THE YEAR ENDED31 DECEMBER 2024 Ecumenical relationships Methodist covenant service moved to September to encourage participation Vicar regularly addresses mid week meeting at Methodist church Joined with churches in Roehampton for Good Friday march of witness Hosted meeting of Churches Together in Putney and Roehampton H05ted annual World Day gf Prayer service Volunteers The PCC is grateful to all the volunteers who work so hard to make our church the lively and vibrant community it is. In particular we would like to mention our Churchwardens, Lynne Capocciama and Rose FergLJ50n, Alicia Quinteros for managing our books, and all other members of the PCC for their contribution. There are too many others to mention, but it is good to see more people getting involved, taking on ajob and being part of our church. Structurej governance and management The method of appointment of pcc members is set out in the Church Representation Rules. At Holy Trinity the PCC consists ofthe incumbent, the church wardens, the reader, and members elected by those members ofthe church who are on the electoral roll. All those who regularly attend our services are encouraged to register on the electoral roll and consider standing for election to the PCC. In 2025 a new electoral roll is to be prepared and the PCC thanks Jean Vincett for taking on this task. PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including how funds are spent. The full PCC met five times this year, with an average attendance of 75%. Given its wide responsibilities there are a number of sub committees- Worship, Finance, Fabric and Social- which report back to the PCC. Reserves policy It is PCC policy to maintain a balance on Ljnrestricted funds which equates to at least three months, unrestricted payments, equivalent to £12,385, to cover emergency sitLJations. We are currently able to match this target. Financial Review Total receipts of unrestricted funds were £44,367. Restricted and designated donations and other income of £13,611 were also received and are detailed in the financial statements. Total income was considerably lower than last year1£57,978 as compared to £158,675), as 2023 was the year in which the large majority of donation solicited forthe installation of the new bells were received, whilst in addition the church received an substantial one-off donation of £30,000. However these donations were to the Bell Fund and Growth Fund respectively. In addition, anticipated Gift Aid receipts were over-accrued at the end of 2023 to the extent of £3,844 resulting in last year's income to General Fund being overstated and this year's income being understated by the same amount. However planned givingto General Fund, the long term foundation of financial health for a church, increased by 19%, continuing to show good growt.
PCCREPORT FOR THE YEAR ENDED31 DECEMBER 2024 sk 2rA( sk Esk Eok 20 2Q22 2Q23 2024 £70,324 was spent to provide Christian ministry from Holy Trinity Roehampton. A substantial proportion of this spending is from the Growth Fund, which it is intended to exhaust in a fairly short period of years. The PCC also decided to increase its contribution to the Parish Support Fund to £12,000. The net result for the year was a deficitof £4,670 on unrestricted funds. The deficit on designated and restricted funds totalled £7,518, reflecting the policy to expend the Growth Fund. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Principal risks and uncertainties The core risks to the church remain: Falling congregation which leads to lower levels of unrestricted income and critical lack of 'm3npower' for outreach and to sustain the chLJrch- however in recent years the congregation has Shown slow growth, whilst the average gift per member has also increased Essential but costly building repairs- it will be necessary in 2025 to raise some grant funding to deal with pigeon infestation in the spire and some instability in the tower pinnacles Losing our volunteer expertise Failure to secure long term funding for our Children and Families Leader This report was approved by the PCC at its meeting of ii, March 2025, presented to the APCM on IW May 2025, and signed on behalf of pcc and APCM by: he Revd Joshua Rey. Vic sLyn Capocciama, Churchwarden
INDEPENDENT EXAMINER'S REPORTTOTHE PCC MEMBERS OF HOLYTRINITYCHURCH ROEHAMPTON ITHE'CHARITY'I I reportto the charity PCC members on my examination ofthe accounts ofthe charity for the year ended 31 December 2024. This report is made solely to the charity's PCC members, as a body, in accordance with Part 4 01 the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity'5 PCC members those matters l am required to state to them in an Independent examiner'5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's PCC members as a body, for my work or forthis report. Responsibilities and basi5 of report As the PCC members of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the 2011 Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Independent examiner's ststement Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective lor reporting periods beginning on or after l January 2015. I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respecL' accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act. or the accoLJnts do not accord with those records. or the accounts do not comply Tjvith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 Dtherthan any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Signed.. Dated.. Richard Holman FCA Chartered Accountant
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unre tricted funds Desig- Re5- nated tricted funds funds Unre tricted funds Desig- Re5- nated tricted funds funds Total funds Total funds 2024 2024 2024 2024 2023 2023 2023 2023 Note Income from: Donations and leg3cie5 Charitable activities Investments 37,792 5,775 733 10,452 48,244 2,901 8,934 733 49,743 31,000 70,858 151,601 5,523 590 6,113 961 961 258 Totsl income 44,301 258 13,353 57,912 56,227 31,000 71,448 158,675 Expenditure on.. Charitable activities 49,492 7,360 13,473 70,324 54,261 8,694 92,244 155,199 Total expenditure 49,492 7,360 13,473 70,324 54,261 8,694 92,244 155,199 Net income I lexpenditurel before other recognised gains and losses 15,1911 17,1011 11201112,4121 1,966 22,306 120,7961 3,476 ILossl l Gain on investments 158 158 133 133 Net movement in funds Transferbetween funds 15,0331 17,1011 11201112,2541 17031 12,6001 3,303 2,099 22,306 120,7961 3,609 5,850 16,2501 400 Reconciliation of funds.. Total funds brought forward 22,628 50,545 26,053 99,226 14,679 34,489 46,449 95,617 Totsl funds carried forward 16,892 40,844 29,236 86,972 22,628 50,545 26,053 99,226 The notes on pages 11 to 19 form part ofthese financial ststements.
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Assets | 11 | 4,308 | 5,386 | ||
| Investments | 1,300 | 5,608 | 1,142 | 6,528 | |
| --------- | --------- | ||||
| Current assets | |||||
| Debtors | 12 | 16,835 | 35,299 | ||
| Inventory | - | - | |||
| Cash at bank and in hand | 67,230 | 60,858 | |||
| --------- | --------- | ||||
| 84,065 | 96,158 | ||||
| Creditors: amounts falling due within | |||||
| one year | 13 | (2,635) | (3,460) | ||
| --------- | --------- | ||||
| Net current assets | 81,430 | 92,698 | |||
| Net assets | 87,038 | 99,226 | |||
| Charity Funds | |||||
| Restricted funds | 14 | 29,236 | 26,053 | ||
| Unrestricted funds | 14 | 57,802 | 73,173 | ||
| Total funds | 87,038 | 99,226 |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 l. Accounting policies Basis of preparation of financial statements The financial Statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regu13tlDns 2008 only to the extent reqLJired to provide a 'true and fair, view. This departure has involved following the Ch3ritie5 SORP IFRS 1021 published on 16 July 2014 ratherthan the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The financial Statements have been prepared underthe historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Act 2011. Holy Trinity Church Roehampton constitutes a public benefit entity as deFined by FRS 102. Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the execLJtorlsl to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distributlDn. Where legacies have been notified to the charity, or the charity 15 aware of the granting of probate, and the criteria lor income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the valLJe to the charity where this can be quantified and a third paty is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Other income 15 recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfereconomic benefit to a third party, it is probable that 3 transfer of economic benefits will be reqLJired in settlement and the amoLJnt of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects ofthe charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. li
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Capital expenditure Expenditure on church and office plant and equipment in excess of £500, net of recoverable VAT, is capitalized and written off over the expected useful life of the asset by the straight line method. Depreciation rates applied in 2023 were.. Church plant Ib(xlerl Office equipment IO% p.a. 25010 p.a. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the Bank. Quoted Investments Quoted investments are shown at market value as at 31" December 2023. Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valLJed at the amount prepaid. Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and provision5 Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Pension5 The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the charity and which have not been designated for other purposes. 12
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors orwhich have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 2. Income from donations and lega¢ies Unrestricted Designated funds funds 2024 2024 Restricted funds Total funds 2024 2024 Total funds 2023 Donations, congregational giving & special collection5 Grants Legacies 36,742 1,049 2,952 7,0 39,694 8,549 113,677 37,925 Total donations and legacies 37,791 10,452 48,243 151,602 Totsl 2023 49,743 31,000 70,858 151,602 3. Income from charitable activities Unrestricted Designated funds funds 2024 2024 Restricted funds Total funds 2024 2024 Total funds 2023 Wedding and Funeral fees Festivals and Events Letting income Votive candles Chiistmas Card and other Sales 988 2,872 1,900 15 966 4,857 i(x) 258 2,901 6,031 1,900 15 123 5,775 258 2,901 8,934 6,113 Totsl 2023 5,523 590 6,113 4. Investment income Unrestricted Designated Restricted funds funds funds Total funds 2024 2024 2024 2024 Total funds 2023 Dividends and bank interest receivable 733 733 961 Total 2023 961 961 13
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 S. Analysis of Expenditure bytype Staff costs Other costs 2024 2024 Total 2024 Total 2023 Diocesan Parish Support Fund Church running costs Ministry costs and Grants Support costs Grants 12,000 32,038 9,722 4,137 12,000 32,038 16,834 9,452 11,000 121,858 13,290 8,458 7,113 5,315 Charitsble activities 12,427 57,897 70,324 154,606 Expenditure on governance 12,427 57,897 70,324 154,606 Total 2023 10,555 144,644 155,200 6. Church running costs Staff costs Other costs 2024 2024 Total 2024 Total 2023 Insurance Gas Electricity Water Major building works Maintenance Fire extinguishers Cleaning materials IT equipment AV equipment Furniture Artworks and Decorations Depreciation of Fixed Assets Other building expenses Photocopier Telephone I wi-fi Organ I piano tuning Cost of sales Other running expenses 6,588 5,447 3,088 240 6,676 5,464 581 6,588 5,447 3,088 240 6,676 5,464 581 8,996 6,683 3,244 191 90,142 7,383 215 92 142 238 238 215 63 1,078 12 63 1,078 12 625 1,078 49 1,014 569 1,061 72 1,086 753 653 1,086 753 653 1181 1181 87 32,040 32,040 121,858 14
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 7. Support costs Staff costs Other costs 2024 2024 Total 2024 Total 2023 Rent on curate's house Rent on Children and Families Leader Flat Website Stationery Postage Subscription5 and licence5 Financial fees Fundraising expenses Other ofFice expenses Clergy expenses 3,125 1,560 3,125 1,560 2,588 307 19 406 6,250 2,588 307 19 406 170 423 155 483 203 74 2(K) 5(KJ 636 636 630 630 5,315 4,137 9,452 8,458 8. Ministry costsand Grants Staff costs Other costs 2024 Total Total 2024 2024 2023 Director of Music Salary Deputy organists. lees Other musicians, fees Sheet music Other music expense5 Candles l oil Wine and wafers Liturgical books Flowers Vestments and linen Other altar expenses Parish events Refreshments.. other Refreshments.. wine Payments to artist5 Exhibitions Hospitality Presents Charitable gifts Publicity Youth worker salary and on costs Youth work expenses Pioneering supplies l equipment Pioneering expenses Children's ministry supplies Other outreach expenses 3,000 4,043 3,000 4,043 3,133 i(xJ 128 55 51 701 357 532 140 53 96 55 51 701 357 532 140 53 96 932 170 749 106 19 1,451 922 673 753 226 1,158 777 792 121 15 1,140 2,001 226 1,158 777 792 121 15 1,140 2,001 70 819 330 213 58 876 669 70 819 330 213 58 432 1,792 144 157 7,113 9,722 16,834 13,290 15
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 9. Remuneration and Benefits During the year, no PCC members received any remuneration12023- £NILI. 10. Staff costs During the year the PCC had no paid staff. 11. Fixed assets Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Cost.. At 1st January Additions during the year 2,876 10,776 13,652 13,652 At 31st December 2,876 10,776 13,652 13,652 Depreciation- At 1st January Charge for the year 2,876 5,390 1,078 8,266 1,078 7,188 1,078 At31st December 2,876 6,468 9,344 8,266 Net book value.. At 31st December 2024 At 31st December 2023 4,308 5,386 4,308 5,386 12. Debtors 2024 2023 Prepayments and accrued income Tax recoverable 8,575 8,260 1,141 34,158 16,834 35,299 13. Creditors: Amounts falling due within one year 2024 2023 Other creditors Accruals 700 1,935 1,118 2,342 2,635 3,460 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 14. Statement of funds Transfer5 Balance at between 31 Dec funds 2024 Balance at l Jan 2024 Income Expense Designated funds.. Fabric Fund Growth Fund Flower Fund 3,190 47,355 12,6001 590 39,995 258 17,3601 258 Total Designated funds 50,545 258 17,3601 12,6001 40,844 General funds: General Fund Other General funds 19,218 3,410 44,525 149,4921 2,707 13,4101 16,959 Total General funds 22,628 44,525 149,4921 17031 16,959 Total Unrestricted funds 73,173 44,783 156,8511 13,3031 57,802 Restricted funds.. Bell Fund Spire Lights Fund Vicar's Discretionary Fund Boiler Fund (formerly Development Fund) Sunday School Fund Staff Fund McKinney Memorial Fund Lighting replacement Projector grant Gary Bigglestone Farewell Gift Fund Charity Funds Friends of Holy Trinity Youth Missioner Fund Sound System Fund Warm Space Grant 2,952 16,3381 3,387 1,260 11981 1,062 10,107 336 10,169 1,446 11,0781 9,029 13361 110,1691 1,446 1841 2,902 7,500 11,9141 13,1411 987 1,000 10,505 15,864 1,650 18031 26,052 13,353 113,4731 3,303 29,235 Total of Funds 99,225 58,136 170,3241 87,038 Designated funds.. The Fabric fund represents the funds held for the fabric ol the church. These funds are designated for major repairs and development as and when required. During the year the PCC established a designated Flower Fund. 17
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Restricted funds.. Funds for boiler maintenance and eventual replacement IBoiler fund) have been provided by the Roehampton Parish Trust. The McKinney Memorial fund will be used to improve the church in some appropriate way. The Bell Fund was established for the installation of a ring Df eight bells in the church tower which was accomplished in 2023. A donation of £1,075to cover the shortfall between fundraising and installation has been obtained from the Parish Trust. Statement of Funds prioryear.. Transfer5 between funds Balance at 31 Dec 2023 Balance at l Jan 2023 Income Expense Designated fund5 Growth Fund Fabric Fund 26,185 8,304 30,000 1,000 2,580 6,114 16,2501 47,355 3,190 Totsl Designated funds 34,489 31,000 8,694 16,2501 50,545 General funds General Fund Other General funds 11,269 3,410 56,360 54,261 5,850 19,218 3,410 Total General funds 14,679 56,360 54,261 5,850 22,628 Total Unrestricted funds 49,168 87,360 62,955 14001 73,173 Restricted lund5 Bell Fund Spire Lights Fund Vicar's Discretionary Fund Boiler Fund Sunday School Fund Staff Fund McKinney Memorial Fund Lighting replacement Projector grant Gary Bigglestone Farewell Gift Fund Charity Funds Friends of Holy Trinity Youth Missioner Fund Sound System Fund Warm Space Grant 20,702 46,513 67,615 400 1,527 11,185 336 10,169 1,446 267 1,260 10,107 336 10,169 1,446 1,078 440 1,000 1,000 21,041 3,454 21,041 1,804 1,650 46,449 71,448 92,244 400 26,053 Total of Funds 95,617 158,808 155,200 99,225 18
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Rationalisation of funds The PCC resolved this yearto rationalize the funds as follows- Sunday School Fund and Staff Fund.. close and consolidate into Youth Missioner Fund. which is funded in large part by the Parish Trust to take forward work with children and their families Projector Grant.. this fund was established to spend a grant fromthe Diocese to cover expenses associated with putting services on line during the pandemic. close and transfer the small balance to General Fund Other General Funds= close and consolidate into General Fund Lighting Project, Gary Bigglestone Farewell Gift, and Charity Funds.. close these now redundant funds with a zero opening balance The necessary transfers having been made this year, the redundant funds will be closed to take effect next year. IS. Pension commitments The church did not employ anystaff during 2024 and therefore incurred no pension cost& The church had no pension scheme liabilities at the end of 2024. 16. Related partytransactions Key management personnel, as defined by FRS 102. consist of the board of trustees. No consideration was paid to key management personnel in the year12022- the same). The following is an associated charity.. Roehampton Parish Trust (charity no. 11652571. The Trust was originally formed on 25 July 1911 to own and manage the Parish Hall and, following the sale of the Hall in 2015, the trusts were amended by a Scheme of the Charity Commission dated 9 November 2015. It now has wide charitable objects for the benefit ol the residents ol the Ecclesiastical Parish of Roehampton and the neighbouringecclesiastical parishes. The trustees are the Vicar, Churchwardens, and up to nine co-opted trustees who must be resident inthe Parish. During the year, the church accrued quarter of a grant of £30,000 received in 2025, and a grant of £1,075 again payable in 2025, 3 total of £8,57512023- £21,041) from this connected charity. 19