2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary's, Summerstown

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ANNUAL REPORT and FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL ST MARY’S CHURCH, SUMMERSTOWN

The Parochial Church Council of the Ecclesiastical Parish of St Mary’s, Summerstown

For the year ended 31 December 2023 Annual Parochial Church Meeting 24[th] March 2024

Vicar:

The Revd James John Gareth Fletcher

Church Correspondence Address:

St Mary’s Vicarage 46 Wimbledon Road London SW17 0UQ

Banks:

NatWest Tooting Branch Unity Bank 30 High Street PO Box 7193 London Planetary SW17 0XN Road Willenhall WV1 9DG

Independent Examiner:

Simon Lewcock

FCCA registered accountant

Registered Charity Number 1202536

Aims and Purposes

The primary object of the Parochial Church Council of St Mary’s Church Summerstown is the promotion of the gospel of Jesus Christ according to the doctrines and practices of the Church of England. The Parochial Church Council of St Mary’s Summerstown has the responsibility of co-operating with the incumbent, the Reverend James John Gareth Fletcher, in promoting in the ecclesiastical parish the whole Mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and Activities

St Mary’s PCC is committed to enabling as many people as possible who live in the parish to attend church and benefit from the ministry of St Mary’s. To this end, we seek to gear our Sunday services and midweek groups to minister to as many people as possible within the parish. Our ministries are intended to help people come to, engage with and put into practise faith in Christ through prayer, Scripture, music, the sacraments.

We have put on activities this year in line with these aims. These have included Sunday Services, Sunday Club, four midweek Bible studies groups, ministry to students at St George’s University Hospital, a monthly prayer meeting, an after-school’s club and our parents and toddlers group, Little Lambs. We have held monthly prayer meetings to pray for the church and the parish, conducted a wedding, held a half-term Holiday club, a parish mission and been at the centre of the community’s Coronation events.

We have continued to support Smallwood School with assemblies and use of our building and to donate money to the Dons Local Action Group, Samara’s Aid after the Syrian Earthquake, and to The Royal British Legion. We have continued to support St George’s University Christian Union by providing speakers.

St Mary’s Montessori Nursery have continued to run their nursery in the church hall from Monday to Friday.

In reaching out to the local community in these, and other ways, we have tried to further the mission of the church pastorally, evangelistically, socially and ecumenically.

To facilitate these activities, we have sought to maintain the fabric of St Mary’s church building and church hall as outlined in the ‘Church Building and Fabric Report’.

We have also continued to support in prayer our mission partners Faith Gordon and Hilary Drury, our former pastoral assistant who moved to Hastings in the Summer 2019.

The PCC meetings in 2023 have been productive and united. Amongst other things, our discussions have focused on:

reviewing our existing safeguarding policies and the addition of new ones
Prayers of Love and Faith
The use of the church hall and the lease agreement with St Mary’s Montessori Nursery
Finance and budget, including financial policies and the parish support fund

Deanery synod reports
A new Mission Action Plan
A trial evening service that has become weekly and longer term
The desire to start a ministry for retirees
Repairs to the church building, church hall and garden wall
The appointment of a new ministry trainee
The authorising of a new Quinquennial
Other policy areas like fire, lone worker, data protection

We are grateful for the unity we have enjoyed and pray that God would continue to guide the PCC into the future.

The vicar, James Fletcher, was grateful to the wardens and PCC for enabling him to take a 3 month sabbatical from June-August this year after 14 years of ordained ministry.

Achievements and Performance

Sunday Services, church attendance and electoral roll

Throughout 2023 St Mary’s congregation has continued to enjoy a wide diversity of membership and expression of the Christian faith. The morning service attendance has held steady while the amount of people attending our Christmas and Easter guest events has grown markedly. Our evening service has also become established with a wide crossover of people.

Any parishioner is welcome at our services. At the end of 2023 there were 65 people on the Church Electoral Roll, of whom 33 were not resident in the parish. The worshipping community numbers compiled for the diocese of regular church members who come to any of our services, bible studies or fresh expression, not necessarily on the electoral roll, was 133. With 25 people coming off or moving on and 19 joining us during the year.

The average attendance on a Sunday has been 58 adults and 15 children. Average attendance in the church building (not just Sundays so including Little Lambs as a Fresh Expression) for the first 4 weeks of October, submitted to the diocese, was 101 adults and 55 children.

Special Services

We have had a range of special services this year including a Maundy Thursday meal, a Good Friday Meditation, an Easter Sunday Celebration, a service of Celebration for the Coronation (as well as a separate guest event), the Harvest Festival, Remembrance Sunday, Children’s Carol Service, 11pm Carols and Carols by Candlelight and a Watchnight Service. We also conducted baptisms, funerals and a wedding.

Mission Action Plan

Having gone through a long consultation process with the church family and with the parish, the PCC commissioned the writing of a MAP which was accepted. In brief, this outlines our desire to serve our community and to reach out to it with the good news of Christ. We aim to do this in two stages: in the short term by focusing on training and discipleship as we seek to grow our ability to reach out; in the longer term by getting out of the building more in missional groups and being a community that brings about genuine change for good through the gospel.

Sunday Club

The aim of Sunday Club is to support parents and carers in the training and instruction of their children in the Lord. We do this through teaching through series of Bible books seeking to teach faithfully and age appropriately using crafts and activities to bring bible truths to life.

In 2023, we have maintained our two Sunday Club groups. Gospel Roots (3-6 year olds) and Gospel Shoots (7-11 years old). We have used the Mustard Seeds materials. Over 2023, the groups have studied: Mark’s gospel, Jesus’ parables, Ruth, Psalms and Acts.

We continue to welcome new children and families and both groups have grown this last year. We are also encouraged to have more children coming on Sundays who initially came to Friday Club as families invite their friends and neighbours.

We’re grateful to the Lord for all those who have served in Sunday Club in 2023. We have a number of long-term Sunday Clubs as well as those who have recently joined the team.

Bible Study Groups

We have had four Bible study groups (Men’s, Women’s, Aboyne and Students) this year in which we enjoy warm fellowship with one another, pray together and study the Bible. This year all the groups studied the same book of the Bible (1 Thessalonians, and now 1 Peter) for the first time. We ran leaders’ training and a launch night with the aim of widening the groups and including more of the congregation. Including more people in Small groups continues to be a priority as it is where deeper relationships are formed and pastoral care can be found.

We have also run occasional Q&A sessions where the groups all meet together, and recently invited a visiting speaker to run a training session on reaching out to Muslim people. Over the next year we will introduce more of these sorts of training sessions alongside the regular pattern of Bible study.

Little Lambs

At Little Lambs our aim is to introduce both the children and adults that come to the Lord Jesus through our bible story, circle time songs, friendship and conversation. We also long to see follow through into our Sunday morning services and with those attending becoming part of the wider church family.

We thank God that Little Lambs continues to be popular with both children and their parents and carers, and has continued to attract new people to the group. The introduction of a cap on numbers in January caused some anxiety amongst the leaders as we worried about turning people away, but God has been good in sending us the right number of people each week. A booking system was introduced in September to further help manage the numbers and administration of the group, with the added aim of encouraging consistency and community as people could sign up to come for the whole term. As a team we have been praying that this core group will see Little Lambs as spiritually significant for them and the children they bring. We have been encouraged by the number of Little Lambs mums/carers who came to the wreath making event in December and the Christmas services. Please continue to pray for God’s provision for this group, and wisdom as we seek to make this group especially accessible to those that live in the parish.

Friday Club

We praise God for his work in Friday Club as we have seen not only growth in numbers but also in the spiritual maturity of the kids who come. There is a core group of 10-12 children who come weekly. It has been encouraging to see children from St Mary’s inviting their friends who have come along and expressed their enjoyment of Friday Club, some of them have been frequently coming. We have been going through the book of Mark focusing on the ‘humongous news’ of Jesus which has prompted good discussions, especially with the older kids. We are thankful to the team of leaders who come to engage with the children and show in practice what it means to be a follower of Christ. We are also very thankful for the new leaders who have integrated well and developed good relationships with the children so quickly. In 2024, our priority is to develop friendships between the children so that they may grow to be spiritually mature, for their age, together.

Prayer Meeting

We continued to meet for our monthly prayer meeting on the first Tuesday of the month. Attendance at this meeting continues to be encouraging with about 20 people coming. We pray for our parish, our mission partners, church ministries and people around the world.

Reaching Out

We have had a number of guest services this year (mentioned previously) but we have also run an enquirers course called Hope Explored which about 7 people attended.

Social Involvement

Members of St Mary’s have continued to be committed to helping local residents. Individuals are involved with local community projects like Hesta, Dons Local Action Group and Merton Street Pastors.

As a church, we have also taken collections of items and money for The Dons Local Action Group and seek to find further opportunities to support our community. We have also supported the chaplain's Wandsworth Prison Christmas appeal and The Royal British Legion.

Pastoral Committee

In 2023, St Mary’s has sought to support those in our church family who are house-bound, bereaved, unwell and need support or care. Thank you to all those who have volunteered to visit, give lifts, keep in touch, help, and pray for others.

As part of our safeguarding approach we have we introduced a Pastoral Care policy in 2022 to help provide advice and guidance to those offering pastoral care. This includes guidance for: home-visiting, meeting 1-1 and spiritual support.

We liaise with other organisations including social services, healthcare and the Diocese of Southwark to ensure we can help support those who need additional care and support.

Please speak to Caroline Fletcher if you would like more information.

Student Ministry

The student group has a regular core now of around 8, and in addition is regularly attended by visitors and enquirers. We continue to enjoy a good relationship with the CU at St George’s – 3 of our students are on the committee, and Chris was invited to speak at the CU weekend away in November. A St Mary’s student weekend away is planned for April. We were thrilled to celebrate Joe coming to know the Lord with a reaffirmation of his baptismal vows in October.

The students are increasingly integrated and serving in the wider church – they now serve with music, Friday Club & Sunday Club, as well as reading and praying at morning services. Our aim is to continue to invest in them as disciples through Bible studies and 1-1s, and to support the CU in reaching out to unbelievers.

Young Adult Ministry

The young adults weekend away took place in September. Young adults continue to be busy and active in serving in the church family – particularly with Friday Club, Sunday Club, children’s spots, and occasional leading and preaching.

We have more contacts in the New Development than we did a year ago – mainly through little lambs, with some coming to the morning service.

The evening service now takes place weekly as a way of ministering to those who miss the morning sermon due to Sunday club. The evening services have been edifying for those who come, but a priority for this year will be to try and use the evening service as a way of reaching out to un-churched/de-churched people.

St Mary’s Summerstown Montessori Nursery School

St Mary’s Summerstown Montessori Nursery School continued to rent the church hall each weekday morning. The school is run by headteacher Elizabeth Maitland.

The Church Building and Fabric Report

In the past twelve months, a sabbatical year, we have completed and progressed a few key pieces of work. The roofs of the Yellow Room and Office were repaired and the brickwork in worst condition on the east end was repointed. A new shed was erected in the back garden. A new survey of the boundary wall identified movement close to the Keble Street end, and a new buttress was put in.

Ongoing maintenance works have included minor fixes, repainting downpipes, replacing lights, and regular gardening. Grateful thanks to all those who have contributed to this work, we really appreciate the time given and love shown in serving St Mary’s.

Our immediate priorities include removal of the former coal store and installation of an electric water heater. Last summer, the brick structure attached to the north side of the church building was identified to be in dangerous condition. The area has been roped off and we have worked with Keith Garner (architect) to obtain permissions to remove the structure, which we plan to complete in the next few months. Follow up work will include cleaning the exposed wall and filling the hole left behind.

We are planning to install an electric water heater in the Yellow Room, which will service the kitchenette and toilet sinks nearby. We are intending to also install an additional toilet next to the Yellow Room and will work with Keith on the permissions.

We have received quote for replacement external lights around the church building which we hope will make a real difference to how the church looks at night and make pathways and entranceways more accessible.

We are working on recommendations following the latest electrical report, and are also installing a new electricity meter for the church hall.

Further priorities for 2024-2025 will be guided by the recent Quinquennial report. This is a thorough review of the building carried out by the inspecting architect every 5 years. Significant maintenance work has been recommended over the next 5 years and we will be

considering what a realistic programme of work might look like for us over the medium-term given our budget and time constraints.

Thank you for all your hard work! Looking after the building at St Mary’s is a huge team effort. We are always so grateful for those who help out, whether regularly or as a one-off. Please get in touch with any suggestions or feedback, and let’s pray that for God’s wisdom and encouragement as we look after and make the most of the building He has given us.

Deanery Synod

In February St Mary’s welcomed the synod as they met here. Hugo Foxwood spoke to the synod. He wants Southwark diocese to ensure that money is invested in funds that have ethical criteria, rather than simply aiming to maximise profit. Nick Burt who chairs the diocesan policy and finance committee provided information from the diocese although he was not speaking on their behalf. There was discussion on this topic with two motions put forward:

Motion 1: Reflecting our commitment to safeguarding the integrity of creation, this Synod asks that the diocese:

1) divest by 31 December 2024 from those fossil fuel companies in which it holds direct investments, and move promptly towards climate-positive investments;

2) divest from those investment funds that hold, or are likely to hold, on its behalf investments in fossil fuel companies and if so, divest from the same by 31 December 2024, and move promptly towards climate-positive investments;

3) refrain from investments in fossil fuels going forward

Motion 2: Reflecting our identity, values, and sense of mission as God’s people, this Synod asks:

1) that the investment committee of the diocese only to hold investment funds that apply comprehensive ethical criteria. This would be in keeping with the spirit of the EIAG policies, and in line with the requirements for the National Investing Bodies.

2) and that the divestment from funds that do not have comprehensive ethical criteria should be completed by December 2024.

Votes were taken and both motions were passed.

In June, a welcoming service was held for Martin Gainsborough, the new Bishop of Kingston.

In September, Deanery Chair Jane Milligan, Secretary Joanna Cox and Treasurer Anne McGregor, were elected unopposed to their offices.

The Southwark Diocesan Strategic Vision 2023-2035 draft document was presented and discussed, for feedback to the Diocese. In general terms, those present applauded the overall desire of the document; to maintain clergy wellbeing and grow lay ministries, to grow existing churches and establish new worshipping communities, to become younger and more diverse, to deepen discipleship, and to seek to heal local and global communities. However, there was criticism that it was in many ways vague, with no mention of specific targets, approaches, or resource implications.

In November, acknowledgement and thanks was received from the Diocese for the Deanery's response to the Strategic Vision. The meeting's focus was on Lay ministry; ways to raise its profile within the church, to encourage and affirm ministries and volunteers, and to recruit from our congregations. Church representatives encouraged one another by illustrating the breadth and depth of member-ministries within their congregations. There was also a reminder of the need to re-house the supported Syrian family in Summer 2024, and an encouragement to participate in the HMP Wandsworth Anglican Chaplains' 'Christmas Socks for prisoners' appeal.

Safeguarding

At the end of 2023, our safeguarding officers were Caroline Fletcher and Crystal Baigent. Georgia Nicholls served as parish safeguarding officer until summer 2023. The PSOs are supported by the Diocese of Southwark Safeguarding Team who provide advice and guidance when needed.

During 2023, we processed 16 DBS applications for volunteers working with children and/or vulnerable adults at St Mary’s – 7 of these were new volunteers and 9 were updated DBS checks for existing volunteers. All volunteers working with children and/or vulnerable adults complete a confidential declaration, an application, a DBS and we take two references. Volunteers also complete online training in safeguarding.

During 2023, we updated the safeguarding noticeboard and materials for the welcome pack. We sought to raise the profile of safeguarding at PCC and also at Safeguarding Sunday in November.

In 2024, we will be doing a policy review ahead of our February PCC meeting. We will also have a focus on DBS updates and training for all volunteers.

We confirm that the PCC has complied with the duty under section 5 of the safeguarding and clergy disciple measure (which stipulates a duty to have regard to the House of Bishop’s Guidance on safeguarding children and vulnerable adults.)

If you have any questions about our safeguarding approach, please contact Caroline Fletcher or Crystal Baigent.

Financial Review

We are grateful for the generous gifts provided by St Marys Congregation, donors who have specifically donated towards two of our salaried roles at St Marys and also to St Nicholas’ PCC who have generously contributed towards our Parish Share.

Overall, we have seen a slight increase in both giving (£79K 2023, £78k 2022) and income from rental of our church hall thanks to a new agreement with the nursery (£21K 2023, £15.4k 2022) This has meant an overall increase in income (£103k 2023, £95k 2022).

However, we’ve seen a larger increase in expenditure, the largest driver of this being increases in utilities, and repairs. This has meant that expenditure has increased (108k 2023, £93k 2022).

This has meant an overall net expenditure of £4k during the year which is slightly less than the £6k deficit in the 2023 budget. Part of this is a deferral of some of the more major projects within the church as projects we would like to have done were deferred as a result of unexpected expenses such as removing the coal shed.

Fortunately, our investment which, along with the global equity market, fell considerably during 2022 have returned to the same level as at 2021 (£211k 2023, £188k 2022, £207k 2021) This is helpful in providing St Mary’s with a fund for long-term, strategic spending but should not be viewed as a replacement for income through church activities and general giving.

There will be challenging years ahead for St Marys as for every charity, business and individual within the UK. Our hope is that energy prices, and inflation will fall which will lead to a decrease in expenses and an increase on donations as the cost-of-living increases eases. We are likely to have major building expenses next year dealing with necessary repairs to the building and looking to fund improvements to the church such as refurbishing the yellow room and the installation of a disabled toilet.

As a PCC we wish to become more self-sufficient and cover the positions within our church that are currently funded. We also wish to move into a position where we are able to cover our costs within the diocese and fund major building repairs to keep the building in a secure position for the future. We are hugely grateful to everyone who gives generously at St Mary’s without whom the church would not have been able to function and we hope that during 2024 this will continue so that the church has the resources to grow.

ST MARY'S CHURCH SUMMERSTOWN

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

St Mary's Church, Summerstown

Reports and Financial Statements 2023
Contents	Page
Independent Examiner's Report	14
Balance Sheet	15
Statement of Financial Activities	16
Notes to the Financial Statements	17-21

St Mary's Church, Summerstown Balance Sheet as at 31 December 2023

	Note		2023		2022
		£	£	£	£
FIXED ASSETS
Investments	4		211,538		187,863
CURRENT ASSETS
Debtors	5	9,015		25,632
CCLA Deposit Account		129		129
Cash at Bank and in Hand		26,317		18,358
			35,461		44,119
LIABILITIES
Creditors and accruals - amounts falling due within one year	6	12,485		14,333
NET CURRENT ASSETS			22,976		29,785
TOTAL ASSETS LESS CURRENT LIABILITIES					217,648
Creditors - amounts falling due after more one year	6	0			2,750
TOTAL NET ASSETS			234,514		214,898
FUNDS
Unrestricted		66,341			65,611
Restricted		0			0
Endowment		168,173			149,288
			234,514		214,898
Approved by the PCC and signed on its behalf on

Rev'd James Fletcher Incumbent and PCC Chairman, St. Mary's Summerstown

St Mary's Church, Summerstown Statement of Financial Activities For the year ended 31 December 2023

		Unrestricted	Restricted	Endowment	TOTAL	TOTAL
		Funds	Funds	Funds	FUNDS	FUNDS
					2023	2022
	Note	£	£	£	£	£
INCOME AND ENDOWMENTS
Voluntary income	2(a)	54,564	25,186	0	79,750	78,764
Income from investments	2(b)	90	0	0	90	90
Income from church activities	2(c)	23,714	0	0	23,714	16,172
TOTAL INCOME AND ENDOWMENTS		78,368	25,186	0	103,554	95,027
EXPENDITURE
Church activities	3	82,428	25,187	0	107,614	93,398
TOTAL EXPENDITURE		82,428	25,187	0	107,614	93,398
NET INCOME / (EXPENDITURE)		-4,060	0	0	-4,060	1,629
Unrealised gains on Investments	4	4,790	0	18,885	23,675	-18,957
SURPLUS / (DEFICIT) FOR THE YEAR		730	0	18,885	19,615	-17,328
BALANCES BROUGHT FORWARD AT
1 JANUARY 2023		65,611	0	149,288	214,898	232,226
BALANCES CARRIED FORWARD AT
31 DECEMBER 2023		66,341	0	168,173	234,514	214,898

St Mary's Church, Summerstown Notes to the Financial Statements For the year ended 31 December 2023

1. ACCOUNTING POLICIES

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes, there is one restricted fund for a Pastoral Assistant

Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted.

There is one Endowment Fund being the sale of 28 Burntwood Lane on 22 July 1988.

Gross Income and endowments

Voluntary income and endowments

Collections are recognised when received by and on behalf of the PCC. Planned giving under Gift Aid is recognised only when received.

Income Tax recoverable on Gift Aid donations is recognised in respect of income recognised from 1st January 2023 to 31 December 2023.

Income from investments

Interest entitlements are accounted for as they accrue.

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

The parish church account pledge is accounted for when due. Any account pledge unpaid at 31 December is provided for in these financial statements as an operational (though not legal) liability is shown as a creditor in the Balance Sheet.

Fixed Assets

Consecrated and beneficed property of any kind is excluded from the accounts by S.10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the Priest-in-Charge and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. For inalienable property there is insufficient cost information and therefore such assets are not valued in the financial statements.

All expenditure incurred in the year on consecrated or beneficed buildings and the repair of movable church furnishings is written off.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

St Mary's Church, Summerstown Notes to the Financial Statements For the year ended 31 December 2023 (Continued)

2. INCOME AND ENDOWMENTS

			Unrestricted	Restricted	Endowment	TOTAL	TOTAL
			Funds	Funds	Funds	FUNDS	FUNDS
						2023	2022
			£	£	£	£	£
2(a) Voluntary income
Planned and unplanned giving			33,495	21,799	-	55,294	57,479
Collections			6,508	-	-	6,508	7,477
Gift Day			-	3,388	-	3,388	1,104
Donation			-	-	-	-		-
Grants			-	-	-	-	3,900
Income tax recoverable			14,561	-	-	14,561	8,804
			54,564	25,187	-	79,750	78,764
2(b) Income from investments
CCLA Investment income			90	-	-	90	90
				-	-		90
2(c) Income from church activities
Hall hire			21,833	-	-	21,833	15,400
Fees			1,450	-	-	1,450	772
Other income			431	-	-	431		-
				-	-		16,172
TOTAL	INCOME	AND
ENDOWMENTS			78,368	25,187	-	103,554	95,027

3. EXPENDITURE

	Unrestricted	Restricted	Endowment	TOTAL	TOTAL
	Funds	Funds	Funds	FUNDS	FUNDS
				2023	2022
	£	£	£	£	£
Church activities
Missionary and charitable giving:	0	4,013	-	4,013	984
Parish Church Account Pledge	20,500	-	-	20,500	20,000
Church - running and maintenance
costs	48,532	21,174	-	69,706	67,205
Church - major repairs	13,176	-	-	13,176	4,989
Independent examiner's fee	220.00	-	-	220	220
		-	-	107,614	93,398
TOTAL EXPENDITURE	82,428	25,187	-	107,614	93,398

St Mary's Church, Summerstown Notes to the Financial Statements For the year ended 31 December 2023 (Continued)

4. INVESTMENTS

	Market	Market	Market	Market
	Value		Value	Value
	1	Jan
	2023		Revaluation	31 Dec 2023
	£		£	£
CBF Investment Fund - Accumulation Shares	149,288		18,885	168,173
Other investments held with CCLA	38,575		4,790	43,365
Fixed Asset Investments	187,863		23,675	211,538
5. DEBTORS	2023			2022
	£			£
Income tax recoverable	3,348			25,632
Hall hire	5,667			0
	9,015			25,632
6. LIABILITIES	2023			2022
	£			£
Amounts falling due within one year
Accruals	2,901			6,333
Deferred income	6,834			5,000
Loan from diocese	2,750			3,000
	12,485			14,333
Amounts falling due after more than one year
Loan from diocese	0			2,750
	0			2,750

Serving at St Mary’s

St Mary’s is dependent on all those who give their time and service to help to organise and run services and events, as well as caring for the wider church family.

Structure Governance and Management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission.

The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mary’s the membership of the PCC consists of the incumbent, the churchwardens, the deanery synod representatives, and members elected by those members of the congregation who are on the electoral roll of the church. Members of the church family and those who attend our services are encouraged each year to sign up on the Electoral Roll.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. We have been accessing training through Stewardship and offered this to PCC members as they come onboard.

The PCC organises its business by general discussion as a full committee followed by a delegation of particular tasks to the standing committee and individuals who report back to the PCC.

Standing Committee: This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council.

Other Committees:

The Evangelism Committee
The Pastoral Care Committee

The PCC met 6 times in 2023, including an ‘away morning’ in April. The average attendance was 76% percent.

Administrative Information

St Mary’s Church is situated in Summerstown in south-west London. It is part of the Diocese of Southwark within the Church of England. The correspondence address is St Mary’s Vicarage, 46 Wimbledon Road, London, SW17 0UQ. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.

The Parochial Church Council of St Mary’s has had regard to the Charity Commission public benefit guidance.

PCC members who have served at any time from 1[st] January 2023 are:

Ex Officio members:

Vicar: The Reverend James Fletcher (Chairman)
Wardens: Philip Barker (re-elected 30/04/2023) Jonathan Hunt (re-elected 30/04/2023)

Members:

Daniel Tong (stepped down 30/4/2023)
Rachel Tyson, PCC Treasurer (stepped down 30/4/2023)
Rhys Nicholls (stepped down 30/4/2023)
Bridget Barker (re-elected 30/04/2023 for a 3 year term)
Christopher Brown (elected 30/4/203) for a 3 year term
Daniel Myers, PCC Treasurer (elected 30/4/2023 for a 3 year term
Linda Simpson (elected on 15/5/2022) for 3 year term
William Ling (re-elected 15/05/2022 for a 3 year term)
Tanya Ling (re-elected 15/05/2022 for a 3 year term)
Crystal Baigent (elected 09/05/2021 for 3 year term)
Alice Hunt (elected 09/05/2021 for 3 year term)
Eustace Jeffrey (elected for a 1 year term to fill a casual vacancy 30/4/2023)
Simon Baigent (representative on Deanery Synod elected 30/4/2023 for 3 year term)
Rebecca Lewis-Crosby, PCC Secretary (representative on Deanery Synod re-
elected 30/04/2023 for 3 year term)

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 To the Parochial Church Council of St Marfs Church, Summerstown This report on the accounts of the PCC for the year ended 31 December 2023, which are attached to this report, is in respect of an examination carried out under the Church Accounting Regulations 20061'the Regulationsl and the Charities Act 20111'the Act'l. Respertive responsibilitles of trustees and examiner As members of the PCC you are responsible for the preparation of the accounts,. you consider that an audit is not required for this year under section 144121 of the Act and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act,. follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the 2011 Act; and state whether particular matters have come to my attention. Basis of independent examinerfs Statement My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosLEres in the accounts, and seeking explanations from the PCC 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 fairf view and the report is limited to those matters set out in the statement below. Independent examiner'5 Statement In connettion with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and which comply with the requirements of the 2011 Act, as also contained in the Regulations, have not been met,. or 121 to which, in my opinion, attention should be drawn, in order to enable a proper understanding of the accounts to be reached. /.¢t.L S.A. Lewcock FCCA Windsor Lodge Millfield Road Hounslow MiddlesexTW4 SPN 19 April 2024

Stma .5 Church, Summgrstown Balancg Sheet as at 31 December 2023 Note 2023 2022 FIXED ASSETS Investments 211538 187,863 CURRENT ASSETS Debtors 9,015 CCLA De osit Account 129 129 Cash at Bank and in H8nd 18,358 35,461 44,119 LIABILITIES Creditors and accruals- amounts fallin due within one ear 12.485 14,333 NET CURRENT ASSETS 22,976 TOTAL ASSETS LESS CURRENT LIABILITIES Creditors - amounts fallin due after more one ear 2,750 TOTAL NET ASSETS 234.514 214,898 FUNDS Unfeslricled Restricted Endowment 65,611 168 173 149 288 234 514 214,898 roved b the PCC and si ned on ils behalf on Rev'd James Fletcher Incumbent and PCC Chaimian St. Ma 's Surnmerstown

Stma 's Church Summerstown SLitement of Financlal Activities For the ear ended 31 December 2023 Unrestrlcted Funds Restricted Funds Endowment Funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 Note INCOME AND ENDOWMENTS Volunta income 54,564 25,186 79,750 78,764 Income from investments 90 go 90 Income from church artivilies 16,172 TOTAL INCOME AND ENDOWMENTS 78.368 103,554 95.027 EXPENDITURE Church activities 25,187 107,614 TOTAL EXPENDITURE 107 614 NET INCOME I EXPENDITURE 4.060 1.629 Unrealised ains on Investments 4,790 18,885 23,675 18,957 SURPLUS I DEFICIT FOR THE YEAR 730 17,328 BALANCES BROUGHT FORWARD AT 1 JANUARY 2023 65.611 149 288 214898 232.226 BALANCES CARRIED FORWARD AT 31 DECEMBER 2023 66,341 168 173 214,898

st Mary's Church, Summerstown Notes to the Financial Statements For the year ended 31 December 2023 1. ACCOUNTING POLICIES The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the current Statement of Recommended Practice, Aounting and Reporting by Charities and applicable accounting standard FRS 102. The financial stslemenls have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include financial statements of church groups that owe their main affiliation to another body nor Ih05e that are infomial gatherings of church members. Funds General funds represent the funds of the PCC that are not subject lo any reslriclions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unreslrided. Restricted funds are those funds that must be $penl on restricted purposes, there is one restricted fvnd for a Pastoral Assistant Endowment funds are restricted funds that must be retained as trust capital either pemianently or subject to discretionary power to spend Capital as income, and where the use of any income or other benefit derived from the capitsl may be restricted or unrestricted. There is one Endowment Fund being the sale of28 Bumtwood Lane on 22 July 1988. Gross Income and gndowments Voluntary in¢omg and endowments Collections are recognised when received by and on behalf of the PCC. Planned giving under Gift Aid is recognised only when received. Income Tax recoverable on Gift Aid donations is recognised in respect of income reeognised from 1st JanLsary 2023 to 31 December 2023. Income from investments Interest enlitlemenls are accounted for as they a¢crue. Expondituro Grants Grants and donations are accounted for when paid over, or when awarded. if that award creates a binding obligation on the PCC. Actlvltles dlrectty relating to the work of the Church The parish church account pledge is accounted for when due. Any account pledge unpaid at 31 Dernber is provided frir in these financial slalements as an operational (though not legall liability is shown as a creditor in the Balance Sheet.

Flxed Assets Consecrated and beneficed propety of any kind is excluded from the accounts by S.10121{al and Iclbof the Charities Act 2011. Movable church fumishings held by the Priesl-in-charge and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. For inalienable propety there is insufficient cost Information and therefore such assets are not valued in the financial statements. All expenditure incurred in the year on consecrated or beneficed buildings and the repair of movable church furnishings is written off. Current Assets Amounts owing to the PCC at 31 December in respect of fees. rents or other income are shown as debtors less provision for amounts that may prove uncollecl8ble. Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Stma '$ Church Summerstown Notes to the Financial Statements For the ear ended 31 December 2023 Continued 2. INCOME AND ENDOWMENTS Unrestricted Funds Restricted Funds Endowment Funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 Volunta income Planned and un lanned ivin 33,495 21,799 57,479 Collections 6,508 Gift Da 3,388 1,104 Grants 3,900 Income tax recoverable 14,561 25,187 79,750 Income from investments CCLA Investment income 90 90 go 90 90 90 Income from Church activities Hall hi 15,400 Fees 1,450 1,450 772 Other income 431 431 23,714 23,714 16.172 TOTAL INCOME AND ENDOWMENTS 78,368 103 554 95.027

EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds TOTAL FUNDS TOTAL FUNDS 2023 2022 Church activities Missiona and charitable 4,013 4,013 984 Parish Church Account Pled 20,500 20.000 Church - running and maintenance costs 48,532 21,174 69,706 67.205 Church - ma or re airs 13,176 4,989 Inde ndent examineVs fee 220 220 220 82,428 107,614 93,398 TOTAL EXPENDITURE 25,187 107.614 93.398

Stma 's Church, Summerstown Notes to the Financial Statements Forthe ear ended 31 December 2023 Conllnued 4. INVESTMENTS Market Value 1Jan 2023 Market Value Market Value Revaluation 31 Dec 2023 CBF Investment Fund - Accumulation Shares Other investments held with CCLA 149 288 38,575 168,173 43,365 Fixed Asset Investments 187,863 211.538 5. DEBTORS 2023 2022 Income lax recoverable 3,348 25,632 Hall hire 5,667 9.015 25,632 6. LIABILITIES 2023 2022 Amounts fallin due within one ear Accruals Deferred income Loan from diocese 2,901 6,333 2,750 3.000 12 485 Amounts faS1in due after more than one ear Loan from diocese 2,750

EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds TOTAL FUNDS TOTAL FUNDS 2023 2022 Church activities Missiona and charitable 4,013 4,013 984 Parish Church Account Pled 20,500 20.000 Church - running and maintenance costs 48,532 21,174 69,706 67.205 Church - ma or re airs 13,176 4,989 Inde ndent examineVs fee 220 220 220 82,428 107,614 93,398 TOTAL EXPENDITURE 25,187 107.614 93.398