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2023-12-31-accounts

Charity number: 1185756

Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Financial Statements and Trustees' Report

for the year ended 31 December 2023

AT Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Index to the Financial Statements for the year ended 31 December 2023

Page
Index to the Financial Statements 2
Charity Information 3
Trustees' Report 4
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Postion 8
Statement of Cash Flows 9
Accounting Policies 10 - 11
Notes to the Accounts 12 - 17

Page 2

AT Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Charity Information

for the year ended 31 December 2023

Status: The Parochial Church Council (PCC) is a corporate body established by the Church of
England. It is constituted and governed by the Parochial Church Councils (Powers)
Measure 1956 (as amended) and the Church Representation Rules (2011). The
members of the PCC are its trustees under charity law and are referred to as such
throughout this report.
Charity name: Christ Church & St. John, Clapham
Charity registration number: 1185756
Registered office: Christ Church Vicarage
39 Union Grove
London SW8 2QJ
Operations address: Union Grove
Clapham
London SW8 2QJ
Trustees who held office Revd Canon Penny Rose-Casemore
during the year: Bridgette Boetang
Annabelle Briggs
Chaldelia Choloply
Sharon Donaldson
Liz Grant
Christine Holdbrook
Fatmata Jackson
Angela Jacobs
Lucette Ognami
Tony Olutola
Rose Peake
Joan Senge
Peter Smith
Queenie Ujukwu
Chair: Revd Canon Penny Rose-Casemore
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Bankers: Barclays Plc
1 Churchill Place
London E14 5HP
0
Investment managers: CCLA
Senator House
85 Queen Victoria Street
London EC4V 4ET

Page 3

(A Parochial Church Council registered as a charity, number: 1185756)

AT Christ Church & St. John, Clapham

Trustees' Report

for the year ended 31 December 2023

The Trustees of Christ Church & St. John, Clapham present their report together with the financial statements for the year ended 31 December 2023.

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3.

Risk mitigation

The board has examined the principal areas of the charity's operations and considered the major risks which may arise in each of these areas. In the opinion of the trustees the charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.

Activities

Church worship has been consistent. There have been a number of baptisms and funerals.

Numbers in the congregation have steadily increased during the year, though it is noticed that people come to church less frequently in the month than in ‘pre-pandemic times’. The number of children has been steady and some of our youth now attend university and so are not able to attend.

Rental income has increased during the year by £17,256.

Further recommendations from Quinquennial Inspections have been attended to in both churches and improvements have been made to the security at St. John’s Church.

Financial Review

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows net expenditure for the year of £1,611 and reserves of £241,908.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 9 to the accounts.

Reserves Policy

The PCC is aware that it relies on church lettings and investment income to fill the gap between congregational giving and the cost of running the church buildings. The PCC's policy is to maintain unrestricted reserves of at least £60,000, to cover six months' operating costs. At 31 December 2023, unrestricted reserves stood safely above this level.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, Chartered Accountant and Statutory Auditor, has indicated his willingness to be proposed for re-appointment.

The financial statements were approved by the Board of Trustees on 17 March 2024 and signed on its behalf by:

Revd Canon Penny Rose-Casemore Trustee

Page 4

(A Parochial Church Council registered as a charity, number: 1185756)

AT Christ Church & St. John, Clapham

Statement of Trustees' Responsibilities for the year ended 31 December 2023

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

AT Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Independent Examiner's Report to the PCC of Christ Church & St. John, Clapham

I report on the accounts of Christ Church & St. John, Clapham for the period from 1 January 2023 to 31 December 2023, which are set out on pages 7 to 17. My report is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and the Charities Act 2011 ( 'the Charities Act' ).

This report is made solely to the charity's trustees as a body in accordance with section 145 of the Charities Act and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's 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 PCC and its members as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 5, the PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Armstrong FCA, Independent Examiner

of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

Dated: 17 March 2024

Page 6

(A Parochial Church Council registered as a charity, number: 1185756)

FS Christ Church & St. John, Clapham

Statement of Financial Activities

for the year ended 31 December 2023

Notes
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Total income less total expenditure
Net gains/(losses) on investments
10
Reconciliation of funds:
Total funds brought forward
15
Total funds carried forward
14
Net income/(expenditure) and movement in funds		 2023
2022
Total Funds
Total Funds
£
£
42,776
60,317
75,595
58,339
4,760
4,734
3,998
1,715
127,129
125,105
143,835
146,653
143,835
146,653
(16,706)
(21,548)
15,095
(21,115)
(1,611)
(42,663)
243,519
286,182
241,908
243,519
Unrestricted
Funds		 Restricted Funds
£
31,528
75,595
4,760
3,998		 £
11,248
-
-
-
11,248
10,253
10,253
995
-
995
27,325
28,320
115,881
133,582
133,582
(17,701)
15,095
(2,606)
216,194
213,588

All incoming resources and resources expended are derived from continuing activities.

There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 7

Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Statement of Financial Postion

as at 31 December 2023

Notes
Fixed assets:
Tangible assets
9
Investments
10
Total fixed assets
Current assets:
Debtors
11
Cash at bank and In hand
12
Total current assets
13
Net current assets/(liabilities)
Total net assets
The funds of the charity:
Restricted income funds
18
Unrestricted income funds
16
Total charity funds
20
Creditors: amounts falling due within one year		 £
£
£
£
5,646
-
174,149
159,054
179,795
159,054
2,589
2,635
66,355
86,070
68,944
88,705
6,831
4,240
62,113
84,465
241,908
243,519
28,320
27,325
213,588
216,194
241,908
243,519
31 December 2023
31 December 2022		 £
£
£
£
5,646
-
174,149
159,054
179,795
159,054
2,589
2,635
66,355
86,070
68,944
88,705
6,831
4,240
62,113
84,465
241,908
243,519
28,320
27,325
213,588
216,194
241,908
243,519
31 December 2023
31 December 2022
£
2,589
66,355
68,944
6,831		 £
-
159,054
159,054
84,465
243,519
27,325
216,194
243,519

The financial statements were approved by the Board of Trustees on 17 March 2024 and signed on its behalf by:

Revd Canon Penny Rose-Casemore Trustee

The notes on pages 10 to 17 form part of these accounts.

Page 8

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Statement of Cash Flows

for the year ended 31 December 2023

Notes
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to the Cash Flow Statement
1)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
2)
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2023
£
(17,418)
4,760
(7,057)
(2,297)
(19,715)
86,070
66,355
2023
£
(1,611)
1,411
(15,095)
(4,760)
46
2,591
(17,418)
2023
£
66,355
66,355		 2022
£
(21,876)
4,734
-
4,734
(17,142)
103,212
86,070
2022
£
(42,663)
-
21,115
(4,734)
1,587
2,818
(21,876)
2022
£
86,070
86,070

Page 9

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Accounting Policies

for the year ended 31 December 2023

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charity meets the defination of a public benefit entity under FRS 102.

Going concern

The charity's income is mainly derived from self-generated sources such as rental of church premises and donations from supporters. The trustees consider that there are no material uncertainties about the continued demand for, and the charity's ability to continue to provide, these premises, and the continued support by donations. Accordingly, the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Allocation of costs

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.

Page 10

Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Accounting Policies

for the year ended 31 December 2023

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Church improvement - 20% on cost Office equipment - 20-25% on cost Refurbishment Vicarage flat - 20% on cost

Items of equipment are only capitalised where the purchase price exceeds £1,000.

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

The cost of the refurbishment of the vicarage flat is to be written off over a period of five years which is also the period over which the refurbishments will generate rental income. Equipment is depreciated on a straight line basis over four years. Individual items of office equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Fixed assets held for investment purposes are not depreciated. Under SORP 2015 (FRS102), investment properties are measured initially at cost and subsequently at fair value at the reporting date.

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the statement of financial activities.

Page 11

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Notes to the Accounts

for the year ended 31 December 2023

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources

Net outgoing resources
Net outgoing resources are stated after charging:
Independent Examiner's fees - reporting service
Depreciation - owned assets
Trustees' emoluments		 2023
£
1,300
1,411
-		 2022
£
1,200
-
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services as trustees.

Income from donations and legacies
Stewardship giving
Income tax recoverable
General collections
Donations & grants
St John's Community Development Project
Charity for repair of St John the Evangelist		 Unrestricted
£
10,872
2,987
6,835
834
10,000
-
31,528		 Restricted
£
-
-
-
7,385
-
3,863
11,248		 2023
2022
Total
Total
£
£
10,872
11,022
2,987
3,335
6,835
4,304
8,219
25,808
10,000
12,000
3,863
3,848
42,776
60,317
Income from other trading activities
St John's Hall
Christ Church Hall Hire
Apostolic Cell
Iglesia Apui
Testimonial Ministries
Alcoholics Anonymous
Vicarage Room
Rent from 39a Union Grove		 Unrestricted
£
10,223
4,065
5,300
24,177
7,750
2,080
2,800
19,200
75,595		 Restricted
£
-
-
-
-
-
-
-
-
-		 2023
2022
Total
Total
£
£
10,223
7,800
4,065
3,173
5,300
3,800
24,177
17,418
7,750
7,050
2,080
968
2,800
600
19,200
17,530
75,595
58,339
Income from investments
CBF investment fund		 Unrestricted
£
4,760
4,760		 Restricted
£
-
-		 2023
2022
Total
Total
£
£
4,760
4,734
4,760
4,734
Other income
Fees & funerals
Parish weekend		 Unrestricted
£
2,972
1,026
3,998		 Restricted
£
-
-
-		 2023
2022
Total
Total
£
£
2,972
1,715
1,026
-
3,998
1,715

Page 12

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Notes to the Accounts

for the year ended 31 December 2023

7
Expenditure on charitable activities
Church projects
ESOL
Ministry
Payments to Diocese of Southwark
DBF share of parochial fees
Clergy & SPA expenses
Training
CTIC
Robes expenses
Worship
Worship & sacristy materials
Musicians
Church maintenance
Insurance
Gas & electricity
Water rates
Maintenance & repairs
Cleaning & gardening
Organ tuning & repairs
St John's repairs
Other parish activities
Sunday school
Hospitality
PCC Awayday
Siblings Link expenses
Management & administration
Administrative assistance
Printing & office expenses
Equipment & computer support
Telephone
Sundries
Independent examiner's fees
Letting expense
Depreciation		 Unrestricted
£
-
-
15,500
197
583
2,946
174
497
19,897
3,714
2,055
5,769
9,538
33,350
476
13,541
7,339
380
-
64,624
36
1,871
1,085
-
2,992
28,922
4,563
272
2,763
263
1,300
806
1,411
40,300
133,582		 Restricted
£
4,726
4,726
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,527
5,527
-
-
-
-
-
-
-
-
-
10,253		 2023
2022
Total
Total
£
£
4,726
4,890
4,726
4,890
15,500
16,198
197
-
583
743
2,946
1,830
174
32
497
-
19,897
18,803
3,714
3,526
2,055
1,995
5,769
5,521
9,538
9,389
33,350
37,232
476
303
13,541
12,936
7,339
6,511
380
376
-
9,694
64,624
76,441
36
40
1,871
1,316
1,085
300
5,527
5,454
8,519
7,110
28,922
26,310
4,563
3,072
272
256
2,763
2,809
263
241
1,300
1,200
806
-
1,411
-
40,300
33,888
143,835
146,653
8
Staff costs
Salaries
Pensions
Number of employees during the year was:
Average number of FTE employees during the year was:		 2023
£
28,080
842
28,922
1.0
1.0		 2022
£
26,865
714
27,579
2.0
1.0

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2023 nor to 31 December 2022.

Employees paid in excess of £60,000 during the current year and previous year:

None None

Page 13

Christ Church & St. John, Clapham

(A Parochial Church Council registered as a charity, number: 1185756)

Notes to the Accounts

for the year ended 31 December 2023

9
**10 **		 Tangible fixed assets
Tan
gibl
e 1
£
Cost
As at 1 January 2023
-
Additions
-
As at 31 December 2023
-
Depreciation
As at 1 January 2023
-
Charge for the year
-
As at 31 December 2023
-
Net book value
As at 31 December 2023
-
As at 31 December 2022
-
Investments
Market value
As at 1 January 2023
Revaluations
As at 31 December 2023		 Tangible fixed assets
Tan
gibl
e 1
£
Cost
As at 1 January 2023
-
Additions
-
As at 31 December 2023
-
Depreciation
As at 1 January 2023
-
Charge for the year
-
As at 31 December 2023
-
Net book value
As at 31 December 2023
-
As at 31 December 2022
-
Investments
Market value
As at 1 January 2023
Revaluations
As at 31 December 2023		 Garden
improvement
£
-
7,057
7,057
-
1,411
1,411
5,646
-		 Church
improvement
£
9,981
-
9,981
9,981
-
9,981
-
-		 Office
equipment
£
2,960
-
2,960
2,960
-
2,960
-
-
#N/A
£
-
-
-		 Refurbishment
Vicarage flat
£
39,526
-
39,526
39,526
-
39,526
-
-
CBF Investment
Fund
£
159,054
15,095
174,149		 Total
£
52,467
7,057
59,524
52,467
1,411
53,878
5,646
-
Total
£
159,054
15,095
174,149
CBF Investment Fund Church Board of Finance Investment Fund Shares were purchased in 1997 from the sale
proceeds of 330 Clapham Road. Some shares were sold in 2016. The charity currently holds
7,704 units in the fund.
11 Debtors: amounts falling due within one year
Staff pensions
Accrued income
12 Bank and cash in hand
Christ Church & St John's joint account
Christ Church No 1 account
Christ Church Hall account
St John's current account
13 Creditors: amounts falling due within one year
Funds for others
Employment taxes & NI
Staff pensions
Accruals & deferred income		 2023
£
-
2,589
2,589
2023
£
66,311
-
44
-
66,355
2023
£
875
695
61
5,200
6,831		 2022
£
37
2,598
2,635
2022
£
84,327
709
44
990
86,070
2022
£
211
305
-
3,724
4,240

Page 14

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Notes to the Accounts

for the year ended 31 December 2023

**14 ** The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds		 The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds		 Opening
balance
£
27,325
9,705
206,489
216,194
243,519		 Resources
arising
£
11,248
-
115,881
115,881
127,129		 Resources
utilised
£
(10,253)
-
(133,582)
(133,582)
(143,835)		 Other
movements
£
-
-
15,095
15,095
15,095		 Closing
balance
£
28,320
9,705
203,883
213,588
241,908
General funds General funds of £203,883 are unencumbered and freely available for use by the charity.
Included in this amount is £179,795 held in fixed assets, comprising £5,646 in tangible assets
and £174,149 in long term investment assets.
**15 ** The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds		 The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds		 Opening
balance
£
28,107
9,705
248,370
258,075
286,182		 Resources
arising
£
20,656
-
104,449
104,449
125,105		 Resources
utilised
£
(21,438)
-
(125,215)
(125,215)
(146,653)		 Other
movements
£
-
-
(21,115)
(21,115)
(21,115)		 Closing
balance
£
27,325
9,705
206,489
216,194
243,519
General funds General funds of £206,489 are unencumbered and freely available for use by the charity.
Included in this amount is £159,054 held in fixed assets, comprising £Nil in tangible assets and
£159,054 in long term investment assets.
16
**17 **		 Designated funds: current year
Christ Church Community Hall repairs
Designated funds: prior year
Christ Church Community Hall repairs		 Designated funds: current year
Christ Church Community Hall repairs
Designated funds: prior year
Christ Church Community Hall repairs		 Opening
balance
£
9,705
9,705
Opening
balance
£
9,705
9,705		 Resources
arising
£
-
-
Resources
arising
£
-
-		 Resources
utilised
£
-
-
Resources
utilised
£
-
-		 Transfers &
adjustments
£
-
-
Transfers &
adjustments
£
-
-		 Closing
balance
£
9,705
9,705
Closing
balance
£
9,705
9,705
Christ Church Community Hall
repairs		 In October 2004 a donation of £18,000 was received from the Union Grove Nursery. The PCC
have designated this donation to the future repairs of the Church Hall. In 2021 £8,295 was
utilised.
18 Restricted funds: current period
ESOL
Siblings Link
Charity for St John Repairs		 Opening
balance
£
5,518
2,711
19,096
27,325		 Incoming
resources
£
4,385
3,000
3,863
11,248		 Resources
expended
£
4,726
5,527
-
10,253		 Transfers &
gains/(losses)
Closing
balance
£
£
-
5,177
-
184
-
22,959
-
28,320

Page 15

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Notes to the Accounts

for the year ended 31 December 2023

19 Restricted funds: prior period
Diocese of Southwark
ESOL
Siblings Link
Charity for St John Repairs		 Opening
balance
£
-
-
3,165
24,942
28,107		 Incoming
resources
£
1,400
10,408
5,000
3,848
20,656		 Resources
expended
£
1,400
4,890
5,454
9,694
21,438		 Transfers &
gains/(losses)
Closing
balance
£
£
-
-
-
5,518
-
2,711
-
19,096
-
27,325

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

ESOL ESOL Classes in English for Speakers of Other Languages take place in Christ Church Community Hall, funded by Springfield Community Flat. There are currently 30 students at various levels of proficiency and with a wide range of first languages. They include refugees and asylum-seekers from the local area. Siblings Link Grant received to fund an afterschool homework club for children and siblings where they have help doing homework and are provided a homecooked meal. Charity for St John Repairs Grant from Southwark Diocese to enhance the local area and visibility of the west end of the church. Funds spent on gardeners' hours, tools and materials to reform the garden and plant trees and plants.

20
Fixed assets
Current assets
Current liabilities
Net assets represented by funds
21
Fixed assets
Current assets
Current liabilities
Net assets represented by funds
Net assets attributable to funds: prior
period
Net assets attributable to funds:
current period		 General funds
179,795
30,919
(6,831)
203,883
General funds
159,054
51,675
(4,240)
206,489		 Designated
funds
£
-
9,705
-
9,705
Designated
funds
£
-
9,705
-
9,705		 Restricted
funds
£
-
28,320
-
28,320
Restricted
funds
£
-
27,325
-
27,325		 Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
£
179,795
68,944
(6,831)
241,908
Total
£
159,054
88,705
(4,240)
243,519

22 Taxation

The PCC is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

23 Post balance sheet events

There were no significant post balance sheet events.

24 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2023 nor at 31 December 2022.

25 Related parties

During the year the members of the PCC and their related parties made aggregate donations of £2,530 (2022: £2,100) to the PCC.

Page 16

(A Parochial Church Council registered as a charity, number: 1185756)

Christ Church & St. John, Clapham

Notes to the Accounts

for the year ended 31 December 2023

26 Transactions with trustees

Rose Peake, a trustee, was paid £2,910 (2022: £2,550) during the year for services provided to the Siblings Link project.

27 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

Page 17