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 wee￿Y cyde of prayer, which for a large part of the year has had to be maintained
through online video COnfer￿aTr￿ 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 norn￿1 ¢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.
sll￿ll 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 Fillanc￿l 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
UA81L￿1Es
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 a￿￿rt 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 RerK*ling ty Chartties." Statement of Recommended Pr8clice
8pplic*Jle to Chariti￿ preparirwJ their acc(wJnts in aLl￿ance 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 def￿￿1 by FRS 102.
1.2 INCOME
Donakns are included in irK>Th ¥h￿n.
the perth when it is r￿l¥able
1.3 EXPENDrruRE
Expenditure is re(>xded in the wh)d n V4thi(* it ts ￿K￿rred. 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 de￿lated over four yeaTS.
1.5 FUND ACCOUNTING
twstees.
These are funds vthich can (th be used fLY W1￿18r 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 B1￿me 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
RefUrbishn￿I 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 ￿u￿1¥￿t
RefrJrbishment w￿$ at ts Centre
Insurance
Garden maintenan
EqU￿)rne￿t depreciatk
Local taxation
Administratic￿ costs
Community acl1vit￿S
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 otsi￿ts of Ihe charity but the amounts of whth are dtfficyjll to dete￿ine. The
thjstees prowded financial. secretarial and administrative services f￿e of chaTrJe. Tr independent
examiner also provh￿ed his serv*x free of Ch￿e. Suth ff￿Or L￿ts as have b8en ￿K￿rred are
cludeA ￿ note 7.
9 NEf IAOVEMEPll IN FUNDS
stated after Charg￿g.
2020
10 STAFF COSTS
Ihe St Peters B￿rne Centre. and. in I￿U of salary. an afrt)vrance aga￿st 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)ye￿S National Insuran￿ (r*t 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:
Refu￿IShment 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
ToL*l net &8sets
15.764
15,764
744
15.020
d￿rity 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 p￿scr￿e1 ofthe aThJ Ihe totsl
reff￿neration paKI in this catwy alrKXw￿ to £30.198 (2020: £31.676).
or any other related parl*s. 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 T￿￿teeS 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 ir￿eper￿lent 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 pr￿dureS ￿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 con￿mIng 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