Stlkter's urne ST PEfER'S BOURNE MANAGEMEwf COMPANY Report of the Directors and Trustees for the year ended 30" April 202 1 The directors and trustees {the *rustees"l are pleased to present theiT annual report together with the accounts of St Peterfs Bourne Management Company ("SPBMU), a company limited by guarantee. for the year ended 30 April 2021. prepared to meet the requirements of a director report and accounts for Companies Act purposes and a tru5tees' report and accounts for Charities Act Purposes. Administrative details Registered Office.. 40 Oakleigh Park South, London N20 9JN Company number: 4616145 Charty number: 1098664 Independent examiner: Roger Seaton FCA 23 Greenhill Park, 8arnet. Herts. EN5 IHQ Bankers: CAF Bank Limited, 25 King5 Hill Avenue. King5 Hill. West Mallin& Kent ME19 4JQ SPBMC'S objects SPBMCS objects as set out in its Memorandum of Association are: °the advancement of the Chrlstian religion through worship and the provision of facilltles for study, spiritual dirertion and leaming and the encouragement of reflection on spiritual matters, in particular the provision of spiritual education and counsellin& and through support of the wider Christian community. in particular the Communty of the Resurrection of Our Lord and the Church in South Africa.. Public Benefit In pursuing its objects, the trustees have had regard to the guidan of the Char7ty Commisslon on the Advancement of Religion ft)r the Public BenefiL The trustees believe that the activities of SPBMC, carried on at St Peterfs Boume. 40 Oaklelgh Road South, London N20 9JN {"St Peterfs Bourne") contribute to the public benefft by: spreading krH)wledge of the Christian falth to any person without discriminatioft; helplng people to be better Christians," and working together with thurches to equip their members for mission and a)mmunity service. Activities and Achievement Thls year has been severely impacted by the COVID-19 pandemic. the effects of which have been felt throu8hout the year. The pandemic has lirnited SPBMCS artivities. but its main activitie5 for the year, whlth demonstrate SPBMCS contrlbution to the public benefrt, have been: SPBMC have maintalned through¢xrt the year the worshipping communlty of young Christlan adults who live at St Peterfs Bourne {the "Communitf ), and who have ernbraced SPBMC'S objects and public benefft Ideals in their life together, their engagement wtth society and their
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales). Charity nur,ber-. 1098664 relationships with other people and orrani&itions, despite the severe impact of the pandemlc at times. The long impact of the pandemic has imposed obstades in maintaining the Communitys regular weeY cyde of prayer, which for a large part of the year has had to be maintained through online video COnferaTr and has meant a large part of the Rhythm of life of the Community and other Community acttvity has been put on hold. We were not able to carry out planned events such as the Open Table meal. Easter Egg Hunt and our Community Away Day. Ivan arKI Jessie Chakrobarty, pioneeT leads of the Community have developed a prayerful response to the Black Lives Matter protests and resulting discussions on racism called Let Justke Flow, a helpful resource for Christians. based on Amos 5: 24, designed to support thurch leaders to refiect on their own thurthes and activlties. For many years, a main activlty of SPBMC has been the hiring out of facilities at St Peterfs Bourne to churche5 and other organlsations for use duringthe daytime for retreats, meetings and other uses compatible with the objects of SPBMC. Due to the pandemic, only one or two retreats were possible this year. It has also been impossible thÉs year to hold SPBMCS norn1 ¢ornmunity events. As ever. all of this has only been achievable thanks to the considerable efforts of our leadershlp team, Jacques and Kat Mutevelian and Ivan and Jessie Chakrobarty, and the trustees would like to record their thank5 for their continued leadeT5hip. work and commitment. During the year, Jacques and Lit Mutevelian have announced that they will be leaving St Peterfs Bourne in the summer of 2021 to pursue new opportunities in Devon. Jacques has been warden and then operations lead of St Peterfs Boume since August 2013, and during this time St Peterfs Bourne has changed immeasurably, both spirvtually and physically due to Jacquegs work They will both be missed, but their legacy will continue at St Peterf5 Bourne. SPBMC has also benefitted from substantial time volunteered by the eight trustees in office durlng the year, and by the members of the Community. Management of SPBMC SPBMC is a company limited by guarantee. whith means it does not have conventional shareholders but members, who are: ex officio the trustees and the incumbents and churthwardens of the supportin8 parlshe5: All Saints, N20, St John the Apostle. Whetstone, St Mary the Wirgin in East Barnet, St Paul's, New Southgate and the Parish of Friern Bamet; the individuals frorn time to time serying as operational and pioneer leads of the Community at St Peterfs Bourne; and one elected representative of the Community who has been living at St Peterfs Boume for at least six months. SPBMC is rnanaged by the trustees, who duringthe year and since the year end have been: The Rt Revd Rob Wickham (thair) (vicfrchalr) (company secretary) David Wincent Davld Lane The Revd John Coles
St Peterfs Bourne Management Company- Company Registe nurnber 4616145 IEngland and Wales), Charity nuv.be':" 098664 The Revd Lynn Davidson (until 13 Ottober 2020) Martin Parker The Revd Mtke Pavlou The Revd Gregory Platten (until May 2020) The trustees met five tlmes duringthe year, and between meetlngs, SPBMCS executive committee of trustees, continued to meet and support the operations lead. The joint pioneer lead5 and operations lead. as employees. are not permitted to be trustees but aTe invited to attend the trustees, meetings, as does Brian Wakeham as a representative of the trust that owns St Peterfs Boume. Financial Review Overall results The previous two yearf accounts having been adversely affected by the litTgation for possesslon of Flat 40C. the accounts for the year ended 30th April 2021 return to a more normal cast. The Statement of Financial Activitie5 for the year ended 30th April 20215how5 an increase Tn income of £9,845 to £83,809113.3%). There was a decrease in expenditure of £25,507 to £76,697 {24.9%). The result was a surplus on the activities of the year of the year of £7.112. compared with net loss of £28,240 in the previous year. Movements in income The increase in Income of £9,845 was generated largely as a result of.. a donation from St Peterfs Boume Trust of £5,IXKI towards refurbishment works (for whith SPBMC are very grateful): an increase in rentsl income from fiats of £6,292 to £22,IKX) (2019." £15,708); and an increase in rents from the Comrnunity of £1.015 to £55.63512019." £54,620) being offset by a reduction in income from letting rooms for retreats decreasing by £3.253 to £190 12019.. 3,443). Movements in expendittyre The reduction in expenditure of £25,507 was largely the result ofr. no further expenditure on the Flat 40C litigation12019." £27.0991; reduction in staff costs of £2.017 to £32.797 (2019.. £34,814): redurtion in catering costs as a result of the reductlon in the number of retreats held of £4,479 to £234 (2019." £4,713); the pandemic ousing a reduction In Community activities of £1,767 to £30112019."2 068) being offset by the costs of refurblshment of Flat 40C, whlch increased this year by £6,514 to £8,223 {2019.' £1,709). Reserves at the yeaTrend The net surplus for the year of £7,112 has Increased our funds carrled forward to £15,020, all
St Peterfs Bourne Management Company-company Registered number 4616145 IEngland and Wales). Chari:N' number.. 1098664 unrestricted. These fund5 are sufficient to cover 2.35 months of thi5 yearf5 expendlture. While an improvement on last year, thi5 is still short of the trustee< objective of having sufficient unrestricted reserve5 to meet six months of unrestricted expendFture to o)pe with variations in cash flow and to provide protection against unforeseen costs. The tnjstees intend to continue to build up our reserves. sllll company exemption statement and approval of report In preparing this report, the trustees have taken advantage of the small companle< exemptions provided by sectlon 415A of the Companies Act 2fX)6. This report was approved bythe trustees on21 S¥. 2021 and 5i8ned on their behalf by Rt Revd Rob Wlckham, Chair
St Peterf5 Bourne Management Corrtpany- Company Registered number 4616145 (England and Walesl, Charity number: 1098664 Accounts Statement of Fillancl Activities lincluding Income atkd Expenditure Account) for the year to 30" April 2021 2021 2021 2020 2020 2020 [k¥tiOnS Chafitable activilles Fundraising Rents and other 5.030 55.825 15,881 15,881 Total Income 73.964 73,964 Expendltur• on: Raising funds Charttable activittes 10.174 66,523 10.174 66.523 1831 94.173 3,831 98,373 Total •xp•ndlturn 76,697 76,697 102,204 Net movement In lunds 7.112 24,040 4,2 28.240 Funds brought 31.948 Fund$ carri•d forward 15.0
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales), Charity number: 1098664 Balance Sheet at 30 April 2021 at30Ap 2021 •¢ 30 Aprfl 2020 FIXED ASSETS Tanglble assets 12 CURRENT ASSETS Debtors Cash al bank. de[1( arKI A? 13 230 9.621 15.764 15.764 9.851 CREDITORS: amounts f41iry due withln on• year 14 1744) (1.966) NEf CURREKf ASSETS 15.020 7,885 TOTAL ASSEfs LVJS CURRENT UA81L1Es 15.020 THE FUNDS OF THE CHARirY: UNREsfRICTED FUNDS 15&16 15.020 RESTRICTED FUNDS 15&16 TOTAL FUNDS 15,020 7,908 The company was entlued to exempllon from art under section 477 ofthe C(xnpani&% Act 2 relating to small companies. The members have not requwed the company to obtaui an audit in a(wrd8n wilh sectknn 476 of thg Ccryanies Aol 2rJ)6 companies sutiectto the small (xMnpan485 rew* and in aCC#)rd wilh FRS102 SORP. 44wroved by the and tru5taes tha I day of J and signed on their Davld Lane. Dwector a
St Peterfs Bourne Management Company- Company Registered number 4616145 {England and Wale51, Charity number= 1098664 Notes to the Accounts For the year to 30 April 2021 1.1 BASIS OF ACCOUNTING Charities SORP (FRS102) Accounting and RerKling ty Chartties." Statement of Recommended Pr8clice 8pplicJle to Chariti preparirwJ their acc(wJnts in aLlance with the Finantol Rewting Stsndard applicable in the UK and Republic of Ireland (FRS 102XeffectNe 1 January 2015). the FRS 102 The 2006. Tr tharity ccmsthrtes a benefit tity as def1 by FRS 102. 1.2 INCOME Donakns are included in irK>Th ¥hn. the perth when it is rl¥able 1.3 EXPENDrruRE Expenditure is re(>xded in the wh)d n V4thi(* it ts Krred. Lsabilibes recognised there rs a legal 1.4 TANGIBLE FIXED ASSETS Tangible fixed assets are recor at ¢osL is Wov¥1 to write off the cosL less &timaled resbjual value, evenly over Ihe assets. expec useful lives. The charivs tangible fixed assels cKryirise ttems of equipment (x)sting nmxe than £250 each. whth are delated over four yeaTS. 1.5 FUND ACCOUNTING twstees. These are funds vthich can (th be used fLY W118r restrthd purposes within the ot4ecEs of the chadty.
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales). Charity number.. 1098664 Notes to the Accounts Ih For the year to 30 April 2021 continued 2021 20 2020 Total 2 INCOME FROM DONATIONS For unrestricted funds from:_ St Pews B1me Trust Otrer donattons 5.th)0 30 5.030 5.030 INCOME FROIA CHARrfABLE 3 ACTNMES Community rents Hire of premises 55.635 190 55.825 54.620 3,443 58.063 190 55,825 4 INCOME FROM FUNDRAISING S OTHER INCOME Renlal income from ITats Job Retentin Sd*me grant 14708 173 1&881 22.954 22,954 6 EXPENOMJRE ON RAISING FUNDS Letting agents fees Maintenance of 0¢pIed flats RefUrbishnI of F18t 4 Running ttsts ofvaLXrt fiat 1.015 1.015 1.393 624 1,709 105 3.831 8.223 110 10.174 110 10.174
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales). Charity number: 1098664 Notes to the Accounts For the year to 30" April 2021 continued EXPENDrruRE ON CHARITABLE ACTivmE8 20 20 2021 2020 Total 32.797 234 13.7e6 8.198 756 1.038 32,797 34.814 4.713 10.924 9. 121 Catering and othw dreGt (x Utilities Maintenan¢% aThl srnall u1¥t RefrJrbishment w$ at ts Centre Insurance Garden maintenan EqU)rnet depreciatk Local taxation Administratic costs Community acl1vitS Legal fe8s cm Flat 40C 13,766 8,198 756 1.038 2,075 IL 3,130 3.291 2,068 27.099 3,244 4.236 301 3.244 4,236 301 66.523 66,523 8 GOVERNANCE AND SUPPORT COSTS Expenditure on charitable 8ctsttes in note 7 above includes and support costs whith are osts incurred on the otsits of Ihe charity but the amounts of whth are dtfficyjll to deteine. The thjstees prowded financial. secretarial and administrative services fe of chaTrJe. Tr independent examiner also provhed his servx free of Che. Suth ffOr Lts as have b8en Krred are cludeA note 7. 9 NEf IAOVEMEPll IN FUNDS stated after Chargg. 2020 10 STAFF COSTS Ihe St Peters Brne Centre. and. in IU of salary. an afrt)vrance agast th8 rent paKJ by the p#)ne lead. The figures also include the Vrdges of a part-time adminrgtsator. 2020 26,797 6.000 28.814 Beneffts in kind Empk)yeS National Insuran (rt of alkwar) Total staff o)sts 32.797 34,814
St Peterf5 Bourne Mar¢agement Company- Company Registered number 4616145 (England and Walesl. Charity number: 1098664 Notes to the Accounts For the year to 30" Apri] 202 1 continued 11 TAXATION 12 TANGIBLE FIXED ASSETS Y&v to Equlprn•nt At 1 May 2020 Addiiions Disposals At 30 Awil 2021 5.110 5,110 At 1 May 2020 ProvKled f¢X the Disposals At 30 Aprd 2021 5.087 5.110 At 30 Awil 2021 At 30 W 2020 13 DEBTORS: *nounts lalling due wlthln one y•¥ 30AptV20 2020 230 230 14 CREDITORS: amt)unts fallln9 dufr wlthln one y 30 AprH 2020 Aprfl 2021 Trade creditors AccruaL8 and deferred inctm 1.966 256 744 io
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales). Charity number.. 1098664 Notes to the Accounts For the year to 30" April 202 1 continued 15 STATEMENT OF FUNDS l Lllay 2020 Aprfl 2021 Unrestrtcted funds .697 15.020 Restricted: RefuIShment Fund South Afrtcan Mission Total restricted funds Total all funds 6.697 15,020 16 NEf ASSEfs BY FUND AT 30 APRIL 21r21 Flxed assets Cash Creditors ToLl net &8sets 15.764 15,764 744 15.020 drity or a related tity. Two trustees reeeived exFenses trjtslling £392 in respect of a registratK)n fee paid on behalfof the ¢hwity and travellKo expenses to a Ca)nfer atiended on behalt ofthe are, along with the Trust, considered the key rronagemeth pscre1 ofthe aThJ Ihe totsl reffneration paKI in this catwy alrKXw to £30.198 (2020: £31.676). or any other related parls. Ri thk% aKI Ihe wevkM w. li
St Peterfs Bourne Management Company- Company Registered number 4616145 (England and Wales). Charity number.. 1098664 Independent Examinerfs Report to the TteeS of St Peterfs Boume Management Company I report on the accounts of the compa•ryforthe yearended 30th April 2021 which are set out on pages 5 to 11. Respective responsibilities of trustee5 and examiner The trustee5 (who are also the dirertors of the company for the purkN)ses of c¢)mpany law) are resFx>nsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under sectlon 144{21 of the Charities Act 2011 {the-2011 and that an ireperlent exaTnination is needed. Having satisfied myself that the tharity is not subject to audit under company law and is eligible for independent examination, it is my responsibiltty to- examine the acrourrts under section 145 of the 2011 Actr, follow the prdureS ld down in the generdl Directions given by the Chaiity Commission under sectlon 145151{b) of the 2011 Art. and stste whether partlcular matters have come to my attention. Basls of independent examlnerfs rel My examination was carried out in accordartt with the general Directions Eiven by the Charrty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wtth those record& It also indudes consideration of any unusual items or disc105ures in the accounts, and seeking explanations from you a5 trustees conmIng any such matters. The procedure5 undertaken do not provide all the eviden that would be required in an audit and consequently no opinion Is given as to whether the accounts present a-true and fairVie and the report is limited to those matters set out in the ststement below, Independent examinerfs statement In connection with my examlnation, no matter has come to my attention: (l) which gives me reasonable cause to belielt that in any material respect the requirements: to keep accounting records in accordan with section 386 of the Companies Act 2Li16; and to prepare accounts whlth accord with tlE accounti records and comply with the accounting requirements of section 396 of the Companies Act 2(X)6 and with the methods and principles of the Statement of Recommended Ptactice: Accounting and Reportlng by Charitie5 have not been met: or 12} to which. in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. ROGER S TON FCA 23 Greenhhill ParK Barnet. Herts, EN5 IHQ Date". 3 tk,- 2021