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2024-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS , CARSHALTON

CHARITY REGISTRATION NUMBER 1185812

Annual report and unaudited financial statements for the year ended 31[st] December 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Membership

The following served as members of the PCC during the year:

Chairman

The Reverend Canon David Fisher, Rector of Carshalton

Churchwardens

Mr M Drayton Mr G Parker Deanery Synod Representatives Mr R A Helliwell (PCC Treasurer) Ms J Funnell

Elected Members

Mrs M Williams (Secretary) Mrs J Smith Mr I Simpson Mr A Whitbread Mr A Langley (Vice Chair) Mr J Calverley Ms A Kah Mr S Wilding Mrs H Smith Mr G Pick (elected April 2024) Mr K Ng (elected April 2024) Dr P Meakin

Co-opted members Mrs R Lilley Mr K Bell

Ex-officio

The Reverend Daniel Burton, Assistant Curate (resigned 6 October 2024)

Charity Registration Number 1185812 Principal Address All Saints Church High Street Carshalton Surrey SM5 3AG Independent Examiner F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

CONTENTS

Page
PCC Members' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 19

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

PCC MEMBERS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The PCC members present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of the charity are to promote in the ecclesiastical parish the whole mission of the church.

The PCC members have paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake.

Church Attendance

The current number on the Electoral Roll is 101 for 2024.

Review of the Year 2024

2024 was a further year of growth for us at All Saints’. Once again, there will be detailed reports from various parts of our life together will appear in a separate document in time for the APCM; this Report is part of the legal document which accompanies the Accounts.

At Epiphanytide we had our Epiphany Carol Service and, for the first time, blessed a plough (it being Plough Sunday!). The Pancake Party on Shrove Tuesday was, once again, well attended and enjoyed. Lent saw us having a weekly Bible Study, led by Mother Laura and, for the first time, the Sacrament of Confession was offered by Fr Daniel and myself and there was a good take up for it. As with previous years, the music during Holy Week and Easter was stunning – as indeed it was throughout the year.

Social activities continued well through the year; as previously, it was good to welcome new folk to the regular Wine Tasting Evenings and a highly successful Quiz Night and Supper. Our links with local schools have continued to deepen, for which we give thanks; with our own school, Andrew Langley and Graham Parker both joined the Governing Board as Foundation Governors. The school has continued to increase the number of whole school services which take place in church. In September, we had our first ‘Blessing of Bags’, to mark the start of the new school year. Our participation in Open House London and then the Advent Fair generated a huge amount of local interest and goodwill. One new development, linking to the history of the building, has been the monthly Thursday Tours, which have brought interested parties to the church on subjects ranging from monuments, tours of the churchyard, historic artifacts and people of All Saints’. They have proved to be hugely popular. The number of concerts and outside events has also grown – and there’s been much more variety as well, especially in the run up to Christmas!

2024 was another year in which the Music Department continued to flourish; we welcomed new adults and the autumn saw the launch of our Junior Choir which, at the time of writing, numbers 6. All of this has meant that the musical repertoire has continued to grow. We are always looking to enlarge the choir – so do speak to Antony if you might be interested! There were new and returning members of the Serving Team in 2024, adding dignity to our Sunday Masses in particular. Sunday Club continued to grow in 2024, which also saw the launch of a group for our teenagers, Crypt Club. Crypt Club meets during High Mass and will be meeting outside Mass in a more social context as well – please do keep our ministry to young folk in your prayers, that they continue to grow in their faith. Please also do consider offering to help, if you feel able to. Throughout the year, we had regular guest preachers – from the Diocese and from further afield.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The number of occasional offices (Baptisms, Weddings, Funerals) fluctuated throughout the year (only one wedding, for example); as always, it is an immense privilege to be involved with them. My thanks go to the various stewards, who ensure that each of these services runs smoothly and the families are warmly welcomed to All Saints’. Other stewards help to ensure that we’re open to the public four mornings each week, as well as ensuring that the building is kept clean and tidy; again, if you feel that you can spare a few hours each week or fortnight, do let Marion know.

In early summer, our new audio-visual system (a few years in the planning) was installed and we’re grateful to the team who, in pairs, operate it at each of the Sunday Masses. Understandably, there were some teething issues as we started to get to grips with it, but the quality of sound in church and how a streamed service looks online, is hugely improved. If you might be interested in either working the mobile camera or at the control desk on a Sunday, do have a word with myself or Scott Wilding!

We continue to be stalwart members of Churches Together in Carshalton, the Rector serving as Convenor, Scott Wilding was elected as Secretary at the AGM and, in 2024, Janice Funnell was in her final year as the Treasurer; in March, we were one of the local hosts for the World Day of Prayer, the service jointly led by Mother Laura.

The ministry team underwent change in 2024. At Easter, Fr Daniel was asked by the Diocese to consider a parish as his first Incumbency and the discernment process for this duly started – the end result was that we said goodbye to Fr Daniel and Charline in September before his Collation and Induction as Vicar of Norbury and Thornton Heath in Croydon North Deanery in October. He went with our love, thanks, best wishes and many prayers. At the same time, a possible new Curate was meeting with me for the two of us to ascertain if Carshalton was the right place for him to serve his Curacy. We were able to announce in October that Peter Greenfield will be joining us as Assistant Curate on his Ordination as Deacon on 28 June 2025. Please do keep Peter and his wife, Beth, in your prayers over the coming months. We also welcomed Mother Angela and Mother Laura as Hon Assistant Priests, alongside Fr Howard. We are greatly blessed to have them ministering amongst us. Angela Kah does sterling work as our Commissioned Lay Worker and is a valued member of the Ministry Team; during 2024, Angela successfully got through Part 1 of her Church of England Bishops’ Advisory Panel for ministry – please do keep her in your prayers.

On a personal note, I marked my Silver Jubilee as a Priest on 3 July 2024, and there was a Festal Mass (and obligatory party!) to mark this on 5 July, at which the preacher was Fr Bill Wilson, my ‘boss’ from my days as a Pastoral Assistant at St James’ Sussex Gardens in the mid 1990s. It was a truly joy-filled evening – thank you to all who contributed in any way!

As a parish, we arrived at the end of 2024 in good heart, continuing to grow in number and in faith and continuing to reach out into the community which we serve.

PCC and Committees

The PCC has continued it’s statutory duties of care for the Parish, in conjunction with the Incumbent. During the course of the year, it was once again a delight to welcome some new members and we were able thank some who stood down after many years devoted service. Marion Williams, as Parish Administrator and Rector’s PA, again kept Fr Daniel and myself organised in the Parish Office, in addition to her role as PCC Secretary, and clerk to a number of the sub-committees. I and the whole parish are enormously grateful to her for all that she does for the life of our parish – much of it behind the scenes.

Andrew Langley continues as Vice Chair of the PCC and to serve on a number of the sub committees. Graham Parker and Matthew Drayton deserve our thanks for all they do in the ancient and important role of Churchwarden (and in Matt’s case, our inhouse IT support!). The current number registered on the Electoral Roll is listed elsewhere in this Report; thanks to our Electoral Roll Officer, Ian Simpson, who maintains the Roll, assisted by Marion in the office. Our two new Parish Safeguarding Officers, Daniel Haxby and Sophie Johnstone, completed their training and came ‘online’ during the year, alongside a new dedicated email address for them.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Rosemary Lilley, our Parish Clerk, continues to ensure that all wedding and churchyard matters are dealt with, with care and dignity (in addition to being Tower Captain). As previously, the Standing Committee has transacted some business by email during the year; other committees have met either in person or via Zoom. Alex Helliwell and Kenny Ng (Associate Treasurer), have continued to care for our finances, assisted by Marion, and our thanks as a parish go to them. The Finance Committee has met several times and supported Alex in his role. We continue to benefit from our membership of the Parish Giving Scheme, which helps improve cashflow and we do strongly encourage all regular worshippers to join it (or to set up regular giving into our bank account – more information on both available from Marion).

The Pastoral Care Group met regularly through the year on Zoom, firstly under the leadership of Fr Daniel and then Scott Wilding. The group continues to assist with the important ministry of pastoral care in all of its different forms across the parish. In 2024, there were a total of 35 events at All Saints’ under the auspices of the Social Committee, 18 of which were bookings from outside organisations and this has had a positive impact on the way in which we engage with the wider community, as well as having a positive financial impact.

Living and ministering in this part of south London and to be Rector of Carshalton is an utter blessing joy and privilege, working with a wonderful team of ordained and lay colleagues as we continue to work to build up the Kingdom here. As always, my overflowing thanks go to Gill, Ceridwen and Owain for the love, support and encouragement which they give to me each and every day.

David S Fisher Lent 2025

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

Despite growth in church attendance, finance remains an ongoing concern and this year there was a decrease in funds over the year of £63,000. The parish's contribution to the Diocese of Southwark has increased slightly this year to £73,000, The church's administrative, maintenance and running costs have also increased this year to £110,000.

Regular giving slightly increased compared to the prior year however, no bequests were received.

The Finance Committee regularly meets to discuss the church’s finances and ways that the church might be able to increase its income.

It is the policy of the PCC that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The PCC members consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the PCC’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Unrestricted reserves at the year end were £388,422 (2023: £452,364) and Restricted reserves were £34,329 (2023: £33,181).

Structure, governance and management

The Parochial Church Council (PCC) of the Parish of All Saints’ Carshalton has the responsibility of co-operating with the Incumbent, the Reverend Canon David Fisher, in promoting, in the ecclesiastical parish, the whole mission of the Church – liturgical, pastoral, social and ecumenical.

The PCC members who served during the year and up to the date of signature of the financial statements were:

Rev D Fisher (Chair) Rev D Burton G Parker H Smith M Drayton A Langley M Williams K Bell R A Helliwell J Funnell Dr P Meakin R Lilley J Smith J Calverley A Whitbread A Kah S Wilding K Ng (Appointed 28 April 2024) G Pick (Appointed 28 April 2024)

Members of the PCC are either ex-officio, or are elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Rules.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The PCC members' report was approved by the Board of PCC Members.

David S Fisher

David S Fisher (May 13, 2025 19:20 GMT+1) ~~..............................~~ Rev D Fisher (Chair) PCC Member 13/05/2025 Date: .............................................

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

INDEPENDENT EXAMINER'S REPORT

TO THE PCC MEMBERS OF THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

I report to the PCC members on my examination of the financial statements of The PCC of the Ecclesiastical Parish of All Saints, Carshalton (the PCC) for the year ended 31 December 2024.

Responsibilities and basis of report

As the PCC members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 order to enable a proper understanding of the financial statements to be reached.

F J Wilde FCCA MBA DChA

Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF Date: ............................ 14/05/2025

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
64,539
-
Charitable activities
4
18,806
-
Other trading activities
5
16,967
-
Investments
6
8,434
-
Other income
7
18,838
-
Total income
127,584
-
Expenditure on:
Raising funds
8
7,290
-
Charitable activities
9
191,086
-
Total expenditure
198,376
-
Net gains/(losses) on
investments
14
6,850
1,148
Net income/(expenditure) and
movement in funds
(63,942)
1,148
Reconciliation of funds:
Fund balances at 1 January
2024
452,364
33,181
Fund balances at 31
December 2024
388,422
34,329		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
64,539
57,238
-
18,806
18,013
-
16,967
10,620
-
8,434
10,340
-
18,838
12,596
-
127,584
108,807
-
7,290
5,663
-
191,086
167,328
-
198,376
172,991
-
7,998
29,020
2,526
(62,794)
(35,164)
2,526
485,545
487,528
30,655
422,751
452,364
33,181		 Total
2023
£
57,238
18,013
10,620
10,340
12,596
108,807
5,663
167,328
172,991
31,546
(32,638)
518,183
485,545

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
16
Investments
17
Current assets
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
The funds of the PCC
Restricted income funds
20
Unrestricted funds
22		 2024
£
8,871
45,100
53,971
(18,259)		 £
132,378
254,661
387,039
35,712
422,751
34,329
388,422
422,751		 2023
£
5,598
55,257
60,855
(15,209)		 £
113,236
326,663
439,899
45,646
485,545
33,181
452,364
485,545

The financial statements were approved by the PCC members on ......................... 13/05/2025

David S Fisher ~~..............................~~ .............................. David S Fisher (May 13, 2025 19:20 GMT+1) Rev D Fisher (Chair) R A Helliwell PCC Member PCC Member

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

The PCC of the Ecclesiastical Parish of All Saints, Carshalton is a public benefit entity and a charity in England and Wales registered via the Parochial Church Powers Measure (1956) as amended and church representation rules that came into force on 2 January 1956.

1.1 Accounting convention

The financial statements have been prepared in accordance with the PCC's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102.

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, (modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value). The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the PCC members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC.

1.4 Income

Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is 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. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Church equipment from 1% to 33.3% per annum straight line Audio-visual equipment 7-10 years Office equipment 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Consecrated land and buildings and beneficed property are excluded from the financial statements under section 10(2) of the Charities Act 2011.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the PCC’s accounting policies, the PCC members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

3 Income from donations and legacies
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 64,539 57,238
Donations and gifts
Planned giving - standing orders 4,296 3,300
Collection at all services 93 116
Sundry donations and collections 7,320 7,977
Planned giving - income tax recoverable 1,646 916
Parish giving scheme 44,393 39,901
Donations via online platforms 5,842 5,028
Other 949 -
64,539 57,238
4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Charitable activities
Fees 7,256 6,463
Charitable rental income 11,550 11,550
18,806 18,013
5 Income from other trading activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 16,967 10,620

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other investment income 3,551 10,088
Interest receivable 4,883 252
8,434 10,340

7 Other income

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Electricity recharge 18,838 12,596
8 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Social committee and fundraising costs 7,290 5,663

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Depreciation and impairment 4,403 2,713
Parish Pledge 73,500 71,000
Church activities (administration, maintenance and running costs) 111,042 88,803
188,945 162,516
Grant funding of activities (see note 10) 425 3,138
Share of support and governance costs (see note 11)
Governance 1,716 1,674
191,086 167,328
Analysis by fund
Unrestricted funds 191,086 167,328
10 Grants payable
Charitable Charitable
Expenditure Expenditure
2024 2023
£ £
Grants to institutions:
Home mission giving and donations 425 3,138
11 Support costs allocated to activities
2024 2023
£ £
Governance costs 1,716 1,674
Analysed between:
Charitable activities 1,716 1,674

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11
Support costs allocated to activities
Governance costs comprise:
Independent examiner fee
12
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 (Continued)
2024
2023
£
£
1,716
1,674
1,716
1,674
2024
2023
£
£
1,716
1,674
4,403
2,713		 (Continued)
2024
2023
£
£
1,716
1,674
1,716
1,674
2024
2023
£
£
1,716
1,674
4,403
2,713
1,674
2023
£
1,674
2,713

13 PCC Members

None of the PCC members (or any persons connected with them) received any remuneration from the PCC during the year.

£805 (2023: £836) was paid to three PCC members (2023: three) for telephone, internet, travel and training costs during the year. The PCC also paid £13,500 (2023: £18,000) for accommodation for Fr Daniel.

Fr. David's Son received £750 from the church (for a choral scholarship and payments for services provided).

14 Gains and losses on investments

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Gains/(losses) arising on: £ £ £ £ £ £
Revaluation of
investments 6,850 1,148 7,998 29,020 2,526 31,546

15 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16
Tangible fixed assets
Church
equipment
Audio-visual
equipment
£
£
Cost
At 1 January 2024
174,176
-
Additions
-
23,545
At 31 December 2024
174,176
23,545
Depreciation and impairment
At 1 January 2024
65,132
-
Depreciation charged in the year
2,141
1,387
At 31 December 2024
67,273
1,387
Carrying amount
At 31 December 2024
106,903
22,158
At 31 December 2023
109,044
-
17
Fixed asset investments
Cost or valuation
At 1 January 2024
Valuation changes
Transfers
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
18
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 Office
equipment
Total
£
£
4,374
178,550
-
23,545
4,374
202,095
182
65,314
875
4,403
1,057
69,717
3,317
132,378
4,192
113,236
Listed
investments
£
326,663
7,998
(80,000)
254,661
254,661
326,663
2024
2023
£
£
2,394
1,136
6,477
4,462
8,871
5,598

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

19 Creditors: amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income		 2024
£
3,122
5,092
10,045
18,259		 2023
£
2,892
5,092
7,225
15,209

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Organ
Bells
Previous year:
At 1
Organ
Bells		 January
2024
Gains and
losses
At 31
December
2024
£
£
£
32,659
1,148
33,807
522
-
522
33,181
1,148
34,329
January
2023
Gains and
losses
At 31
December
2023
£
£
£
30,133
2,526
32,659
522
-
522
30,655
2,526
33,181		 January
2024
Gains and
losses
At 31
December
2024
£
£
£
32,659
1,148
33,807
522
-
522
33,181
1,148
34,329
January
2023
Gains and
losses
At 31
December
2023
£
£
£
30,133
2,526
32,659
522
-
522
30,655
2,526
33,181
33,181

21 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
132,378
-
Investments
231,018
23,643
Current assets/(liabilities)
25,026
10,686
388,422
34,329		 Total
2024
£
132,378
254,661
35,712
422,751

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

21 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Tangible assets 113,236 - 113,236
Investments 304,168 22,495 326,663
Current assets/(liabilities) 34,960 10,686 45,646
452,364 33,181 485,545

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Fabric
Measures
Youth Fund
St Andrews
Previous year:
At 1
General funds		 January
2024
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31
December
2024
£
£
£
£
£
£
149,553
127,584
(198,376)
80,000
31
158,792
169,559
-
-
(80,000)
3,769
93,328
37,940
-
-
-
868
38,808
95,312
-
-
-
2,182
97,494
452,364
127,584
(198,376)
-
6,850
388,422
January
2023
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31
December
2023
£
£
£
£
£
£
487,528
108,807
(172,991)
-
29,020
452,364

THE PCC OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, CARSHALTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

23 Related party transactions

The trustees of the Gary Mason Rhythmic Empowerment Charitable Foundation charity number 1140518, are also PCC members, this means that the PCC has control over the charity and it is a subsidiary of the PCC. The financial size of the charity is immaterial to the PCC (incoming resources £14.4k for the year ended 31 May 2022) and there were no transactions between the two charities during the year. The objects of the charity are to advance education for the public benefit in the art of playing hand drums and percussion instruments.

One PCC member is also a trustee of The South London Church Fund and Southwark Diocesan Board of Finance ('SDBF'), the PCC has various transactions with the charity and is the recipient of the parish pledge paid by the PCC. The objects of the DBF are "for the public benefit to assist, promote and further the religious and other charitable work" within the Diocese of Southwark. Trustees must declare interests at the start of each meeting and there were no transactions outside of the ordinary arms length course of its activities and therefore those transactions do not need to be separately highlighted as a related party transaction in these financial statements.