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2023-12-31-accounts

VICAR

London N20 8EJ oy

BANKERS

Registered Charity No. 1128816 pale ca a

Administrative Information

St Andrew's Church is situated in the heart of Totteridge Village, Totteridge. It is part of Barnet Deanery in the Diocese of St. Albans within the Church of England. The correspondence address is The Parish Office, St. Andrew’s Church, Totteridge Village, London N20 8PR.

Registered charity number 1128816.

PCC members who have served for the period from the date of the last APCM (23 April 2023) to the date of this report are:-

Ex Officio members

Rev’d Cate Irvine Vicar (since September 5[th] 2023) Mr Richard Peart PCC Chairman & Stewardship Secretary Mrs Margaret Peart Reader Mrs Marion Archibald Reader Emeritus Mrs Dixie Locke Churchwarden Ms Caroline Haines Churchwarden Mrs Liz Harris Electoral Roll Officer & Safeguarding Officer Mrs Anne Reid Secretary

Elected members

Mr John Abbott Mrs Alison Cornelius Mr Richard Cornelius Mr Tim Harris Mr Russell Proctor Mr Alex Wishart (Treasurer) Mrs Maureen Yates (co-opted)

Deanery Synod Representatives

Mr Tim Harris Mrs Dixie Locke Mr Alex Wishart

Church Administrator

Sarah Newlyn St. Andrew's Parish Church Office Totteridge Village London N20 8PR Email admin@totteridgechurch.org.uk Tel 020 8446 1417

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Aim and Purposes

St Andrew's Parochial Church Council (PCC) has the responsibility of cooperating with the Vicar in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. To this end, the PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The PCC is also specifically responsible for the maintenance of the Parish Hall and Churchyard.

Structure, Governance & 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 a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Andrew's the membership of the PCC consists of our Vicar, Churchwardens, Readers and members elected by those of the congregation who are on the electoral roll of the church. All those who attend our services and /or members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

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. The full PCC met five times during 2023, with an average level of attendance of 81%. Given its wide responsibilities, the PCC is grateful to particular PCC members who take special interest in particular aspects of parish life.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become an integral part of our parish community in Totteridge. The PCC maintains an overview of worship and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, we have considered the Commission's guidance on public benefit and the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out and grow in their faith as part of our parish community through:

To facilitate these objectives, it is important that we maintain in good order the fabric of the Church of St Andrew, the Parish Hall, and the churchyard grounds in which they are situated.

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The Church Year 2023

The beginning of 2023 saw us still without our own vicar but the sterling work of Richard and Margaret Peart, in particular, ensured that we continued to enjoy a full range of services overseen by a range of guest ministers. These included regular communion services on Sundays, monthly Choral Evensong and Family services and special services at Easter (Ash Wednesday, Maundy Thursday and Good Friday and the Walk of Witness).

Thanks are due, not only to Richard and Margaret, but also to our churchwardens Dixie Locke and Caroline Haines, our reader emeritus Marion Archibald, and others in our church family, all of whom ensured a number of activities continued throughout the year. These included the Summer BBQ which, once again, raised much-needed funds and helped us meet many in our community who would not normally come to church. The wide range of other social activities is described in the Social Committee report that follows.

Our search for a new vicar went on as we re-advertised the vacancy following an unsuccessful round of interviews in November 2022. Our hopes were raised when, in late March, another candidate visited us for interview. She impressed us with her approach that demonstrated a sympathy with the traditional ethos that we in Totteridge hold so dear. She excited us with her vision that showed she was keen to introduce new ideas to take us forward and help us grow. She comforted us with her strong but warm personality that endeared her to all those she met. We were therefore delighted that, on 5[th] September 2023, we were able to welcome the Rev’d Cate Irvine to Totteridge as our new vicar, together with her delightful husband Brian and their family. We are pleased to say that they quickly settled in at the Vicarage and became part of our church and parish life.

Vicar’s Thoughts

Rev’d Cate Irvine

My service of licensing and installation on 5th September was a real joy. It was lovely to feel the warmth of welcome from St Andrew’s, our church school and the deanery. September was mainly spent getting settled in and getting to know people. October saw my first Harvest Festival and November my first Remembrance Day with the parish, quickly followed by my first Patronal Festival and all the special services through Advent and in the run up to Christmas with church and school.

One of the highlights for me, and I hope for others, was our Tiny Tree Festival in December. Seeing so many people get involved and the huge variety of trees that decorated our church was exciting and encouraging and made a lovely illustration of how a community can come together and engage a wide range of people.

It has been great to see the various social events and gatherings over the autumn as well as the wider pool of musicians who come to join us for choral evensongs and special services. All of these make me very encouraged about the connections that St Andrew’s has with the wider community.

My many thanks to everyone who contributes to the life of St Andrew’s. So many people are involved in such a wide variety of aspects of our church life and, as we continue to workout together what part-time ministry will mean for both me and the parish, I hope that we will continue to draw more people to worship with us.

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Children’s Corner

Miriam Aquilina

I still had fond memories of Ann Kruse’s leadership of the children of the parish, as they regularly participated in monthly Family Services and I wanted to see if we could regain a sense of that former ‘sparkle’ of lively participation for the children. I was also very aware that I only knew the names of a few of the children. We needed an ACTIVITY that encouraged everybody to learn the names of ALL the children. This would greatly enhance inclusivity!

So, I set about getting some simple badge-making equipment together, bought some garishly coloured pre-cut promotional cardboard display shapes and ‘set-up-shop’ at the back of the church, for the next Family Service. A notice was put into the weekly email for the children to come to the Family Service EARLIER THAN USUAL, so they could make their own, very sparkly, pin-on name badges to wear. This allowed for everybody to quickly learn the children’s names DURING THE SERVICE, whilst they danced and marched around the church during the lively participatory songs! I made a felt-covered notice board so that badges could be pinned up and saved for the next Family Service.

The initial badge-making event started other small-scale activities including colouring-in pictures, toy play and some other quiet activities to engage in during the service. We now have a colourful, fun, safe corner for children to enjoy during any Sunday service.

Communication

Sarah Newlyn

Over the last year we have continued to broaden the scope of communication between the church and our parishioners, as well as the wider community. The weekly ‘eNews’ has the widest reach, currently distributed to almost 450 people, a number that is persistently growing. Early in 2023, we launched our updated website, which was designed to be simpler than the previous version, and easier to navigate. The emphasis of the new design was on clear, easy-to-find information, particularly regular service information, the Parish Hall, giving, and contact information for the Parish Office and Rev’d. Cate. Traffic to the website is steadily growing, currently achieving around 160 sessions per month. Our Social Media presence is still fairly minimal and is something we intend to grow going forward. We have set up an Instagram page, in its early stages at present, and are looking into other options, such as Facebook and X, as well as the possibilities for live streaming services on a regular basis.

The Totteridge Parish Magazine is still a much-enjoyed resource, and great method of publicising church events, as well as providing interesting articles, both faith-based and general interest. Since joining us in September, Rev’d. Cate has been providing “The Vicar’s Page”, prior to which we were hugely grateful to Reader Margaret Peart, who had been PARISH MAGAZINET tterage supplying really thoughtful content while we were in vacancy. Rev’d. i Andrew's Cate has set out a planned theme for the magazine for each month month of the year, closely linked to the church calendar, which we hope will tie \ \ each issue together and create opportunity for parishioners to become involved by contributing “on topic” articles. The magazine also contains regular input from Totteridge Garden Club, and parishioner Lesley Handscomb provides monthly inspirational poems for inclusion. In 2023 we decided to discontinue the ‘online’ version of the magazine, which we had been publishing since the pandemic. This decision was prompted by a survey of our eNews subscribers, which confirmed that hard copy was by far the preferred method of reading the magazine. We sell between 60 – 80 copies per month, and the cover price remains at £2.

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Confidential Prayer Group

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Marion Archibald
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The Confidential Prayer Group for the Sick, the Bereaved and those in particular need exists for the benefit of those whose needs for prayer support are too personal or sensitive to be included in public worship on a Sunday morning. The group began very many years ago when three of us met once a week to pray for a young member of our church family and, given the number of requests we receive, it fulfils an important need today. There are four of us in the group now and it is a real privilege to be able to come alongside people in this way. We meet on a monthly basis (dates are usually published in our weekly e-Round), but when there is an urgent need we are in more frequent touch with each other to share prayer requests.

Most important of all, the group is confidential (information is shared only within the group), so please do not hesitate to get in touch with me if you, or someone you know, would like to be included in our prayers. Telephone 020 8445 4408 or email m.archibald1@sky.com

Deanery Synod

The Barnet Deanery provides a forum and support structure that reflects the needs and diversity of all the priests, people and parishes of our area. In supporting and encouraging one another - with prayer, with pastoral care, with the sharing of ideas - in chapter, at synod, wherever and whenever we gather, we support the health and wholeness of every part of this interconnected and interdependent body. Three members of our PCC - Tim Harris, Alex Wishart and Dixie Locke - acted as representatives to the deanery synod in 2023, which meets 3 times a year. Elected representatives here in turn elect the lay representatives who sit on the Diocesan Synod and provide the PCC with an important link between the parish and the wider structures of the church. Meetings are informative, thought-provoking and relevant to the spiritual and practical needs of our area and diocese.

Electoral Roll

Elizabeth Harris

There are 105 people on the electoral roll of whom 48 live outside the parish. This represents 45.7%. The roll must be completely renewed in 2025 before that APCM.

Flower Arranging

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Christine Riley
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Jean Scurr, Dixie Locke, Sheila McDougall, Alice Clark, Elizabeth Newton, Caro Haines, Charlotte Morgan, Isobel Morgan, Hilary Botton, Pat Dunton.

St Andrew’s Church has a wonderful group of flower arrangers who are all committed, enthusiastic, full of ideas and reliable. We all wish to save the planet and have reduced our use of Oasis considerably. We save it and re-use it. We use wire, glass bottles and other containers whenever possible. We much enjoy the challenge produced by the three major Christian festivals: Easter, Harvest and Christmas.

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On Palm Sunday we erect the bare wooden cross and cover it with foliage. The following Saturday we then add white lilies. The Cross, together with white lilies placed on the Lychgate, always attracts attention. Inside the church, near the children’s corner, we arranged a large duck on a grassy mound laying little Easter eggs which caused much amusement.

Harvest was a riot of colour; the church was overflowing with flowers, fruits, vegetables, and gourds, some of which were provided by our own members. Who could forget Caro Haines’s Hydrangea Paniculata, Marion Lodge’s Harvest Loaf, and Pat Dunton’s artistic talents with Red Cabbages?

Christmas also allows us to indulge in artistic creations. Our Vicar had a flash of lightning moment when she observed the bench supports created a small shelf running round the whole church. We, the congregation, were

asked to make miniature Christmas trees to decorate it and the result was startlingly inventive. Dixie Locke also experienced a flash of lightning moment and visualised small evergreens on the window sills and shelves, and not to be outdone, Elizabeth Newton covered the whole length of the choir stalls with foliage and berries. The church was exquisitely beautiful.

The Coronation of King Charles III dominated 2023. The churchyard was festooned with flags and banners and our loyalty to the crown was demonstrated inside the church with flags and flowers on the windowsills. The Crown, Orb and Sceptre were recreated in red, white and blue flowers and placed at the entrance to the nave.

Each year we make a particular effort on Remembrance Sunday. We made a traditional cross of poppies and placed it on the grave of Marjorie Allom who had been a nurse in WW I. Her father Captain Charles Allom designed the Totteridge War Memorial. This grave had been recently cleared by the War Graves Commission and can clearly be viewed as you walk to the church hall. A copy of a newspaper printed in 1914 announcing the outbreak of war was displayed and attracted much attention.

There were no weddings in 2023 but in July we were delighted to make flower arrangements for two christenings and for the funeral of Alexander Pepe where we recreated the flowers of Wimbledon, and for the funeral of Toni Cutbill the flowers of her herbaceous border. Last, but certainly not least, we were delighted to make special arrangements in September for the Induction of our new and warmly welcomed Vicar, Cate Irvine.

Please continue to support us by signing up on the Donate the Sunday Flowers sheet at the back of the church and by supporting Donate a flower at the major festivals.

Church Garden

Jonathan Daniels

Great progress has continued this year on brightening up the beds and troughs around the Parish Hall, car park and gates to the old Vicarage, thanks to numerous helpers. It is always inspiring how vigorously volunteers take on weeding, planting and pruning – the embodiment of “many hands making light work”.

We are now benefiting from a couple of years’ work, with snowdrops and daffodils re-appearing and naturalising, along with new additions that are helping to win the battle against the weeds. Spring is an excellent time to admire what’s coming through, so I encourage parishioners to have a slow wander around the beds.

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As you wander, look out for the cyclamen donated by Jean Scurr, hydrangeas from the Newtons, Welsh primroses from the Harrises and Nerines, Yellow Hot Pokers and Day Lilies from Marion Archibald.

In terms of physical effort, special mention must go to Clive Harris’s clearing of ivy from the hedge against the Hall; Caesar’s weeding; Bob Bourton’s clearing of the hedge between the upper and lower car park in the August heatwave, now the site of restorative privet saplings; Sophie and Hugh’s cutting back of the shrubs against the old vicarage garage and fence; Sylvia Solomon, Sheila Spensley and John Abbott’s extensive

planting of daffodil and allium bulbs; and Caroline Lancaster’s efforts with her hedge-trimmer. I will have missed a number of worthy mentions, for which apologies, but special thanks go to the churchwardens for arranging the occasions and supplying energy-enhancing refreshments at breaktime – it makes all the difference!

Compared to last year, much of the bulky clearing is behind us, so we can focus on lighter tidying and true gardening with more focus on detail and presentation.

We would be delighted to welcome extra hands of all ages to the working parties: vacancies still exist for seed-sprinklers, watering-can operatives, weed-identification specialists and more - it doesn’t have to be physical.

Pastoral Visiting Team

Marion Archibald

Pastoral visiting is an important part of our Christian ministry in the parish and a valuable way of getting to know one another better. The St Andrews’ Pastoral visiting Group was formed in May 2017, not to replace our then Vicar’s pastoral ministry, but to support and augment it. By definition, there is always strength in a team, as we can support and encourage one another. We also aim to have quarterly support meetings with Cate, which are both a help and an encouragement, as well as enabling us to seek her guidance and advice on any issues of particular concern.

Safeguarding

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Elizabeth Harris
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The parish is committed to the safeguarding of children and vulnerable adults and to supporting those who have been victims of abuse, as well as those who may present a risk to others. Elizabeth Harris is our Parish Safeguarding Officer/Lead Recruiter, ably supported by Caroline Haines as assistant recruiter. DBS checks are renewed every three years and all those who have been safely recruited and all members of the PCC have completed the required safeguarding training.

There was one minor domestic safeguarding issue with a parishioner which was quickly resolved by the family involved.

Contact details for those wishing to obtain advice, raise any concerns or make referrals to the statutory authorities are in the Best Practice Guidance leaflets in the porch and on the church website.

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Social Committee

Dixie Locke

2023 was a very busy and successful year for St Andrew’s Social Committee. The year started with our extremely popular quiz. Tim Harris was our fabulous quizmaster working hard to find the right balance of questions so there was something for everyone. This event is always well attended by many from the wider community and is much enjoyed by everyone and made a profit for the church of £834.

May saw the coronation of King Charles which was an occasion not to be missed. The members of St Andrew’s enjoy any opportunity to dress up, wave flags and have a sing song accompanied by the very talented Franklyn on the piano. The coronation feast raised £579

The highlight of the year was the glorious Induction and Installation of our dear vicar Cate Irvine. After a very moving and emotional service, the congregation welcomed Cate and her family to a reception with drinks and canapes provided by the Social Committee.

In early October there was the Harvest Lunch. The profit of £300 went to the Bishop’s Harvest Appeal. The year ended with our traditional Christmas lunch which, for most of us, heralds the start of The Christmas festivities. There was the traditional turkey dinner with all the trimmings, a lighted Christmas pudding, carols crackers and a visit from Father Christmas with a gift for everyone. This event raised £713.

As well as all our fundraising events the Social Committee keeps busy throughout the year. We catered the lent course lunch, provided much appreciated coffee and hot cross buns after the walk of witness, and had mince pies and drink ready after both carol services. We also catered for a funeral.

Our Wednesday coffee mornings go from strength to strength and are very popular with the wider community. We only charge £1 for coffee and biscuits but raise enough to give help where it is needed. It enables Jonathan Daniels to buy what is needed for the garden and Miriam to buy materials for the children's corner.

The social Commitee enjoy working together with such a strong vibrant community. We do appreciate your feedback support and thanks. It is much appreciated by us all - Claire Bannister; Nonie Bourton; Pat Dunton; Caro Haines; Dixie Locke; Heather Pepe; Janet Topping; Barbara Wishart; Maureen Yates.

Stewardship

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Richard Peart
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On the positive side, our income from the plate collection and the card reader has now returned to the pre-Covid level, but for various reasons our regular giving through Standing Orders and the Parish Giving Scheme has reduced by about £1000 a year since early 2023.

I said at the Annual Meeting last year that I considered it was necessary for each church family to be giving at least £40 a month on a regular basis for St Andrew’s to be able to keep going with a secure income and to look to the future with confidence. Let’s make it happen!

Please contact Richard Peart at rwpeart246@gmail.com or phone 020 8449 3723.

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Financial Review

Alex Wishart

The charts below show the breakdown of our (unrestricted) income and expenditure in 2023

2023 Unrestricted income £185,527

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Donations & Legacies
Planned Giving
Mobile Phone Mast
LBB Churchyard Grant
Gift Aid
Parish Hall Lettings
Fundraising/Magazine/Misc.
Investment Income
Open Plate
Fees
0 10000 20000 30000 40000 50000 60000
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2023 Unrestricted expenditure £162,014

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Church Running & Maintenance
Parish Share
Parish Office
Churchyard
Parish Hall
Major Repairs
Clergy
0 10000 20000 30000 40000 50000 60000
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Planned giving and open plate collections, together with gift aid recovered, were up about 10% on 2022, which is encouraging. A new contactless giving system has been introduced which is already proving its worth, making it easier for people to give at collections. Income from Parish Hall lettings remained steady, although we still have significant repair and maintenance costs.

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It is hoped that, as we move forward, the Parish Hall will be an increasingly valuable source of net income. The mobile phone installation is a significant source of guaranteed income.[1]

We were fortunate to receive legacies, both unrestricted and restricted. In line with our reserves policy, the unrestricted money was invested in our holding of CCLA Church of England Income Fund shares, to boost our regular income. The restricted money has been placed on deposit and will be used in 2024 to pay for fabric works.

Exceptional expenditure was primarily on the Churchyard and car park. The path in the upper churchyard leading down to the Parish Hall was resurfaced. This path had become very broken up and quite hazardous to people on foot, especially at night. In the lower churchyard major work was required to solve the problem of water accumulating in the north-east quadrant, which was starting to upset the headstone footings. The car park by the Parish Hall continues to cause problems due to poor drainage and the perimeter lights which are very vulnerable to cars manoeuvring into and out of the restricted space.

PCC has resolved that in general the Parish Share payment should be made on the basis that expenditure should match income, once exceptional items are taken out. Nevertheless, this year it was decided to pay the full Parish Share requested by the Diocese according to the agreed formula for a half-time stipendiary post plus Ministry Support Contribution. However, we were unable to pay the additional £8,711 ‘moderation’ requested by the Diocese.

Reserves Policy

Certain sources of income, notably legacies and donations, are not, by their nature, predictable and so reserves are necessary to allow the PCC to continue its work should these sources fall significantly. It is the policy of the PCC that, generally and in most years, fixed overheads are intended to be met out of ordinary income. Extraordinary income is to be used to accumulate reserves and to fund special projects as determined from time to time expressly by the PCC.

It is the Trustees’ intention to review both the reserves policy and levels of unrestricted reserves on an annual basis.

1 The mobile phone income is shown gross, i.e. rental income plus the electricity refund. The installation’s electricity cost is included in the Church running and maintenance expenditure.

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Independent Examiner’s Report

to the members/trustees of St Andrew's Church, Totteridge, Parochial Church Council

I report on the accounts for the year ended 31st December 2023 which are set out on pages 13 to 18.

Respective responsibilities of the Trustees and Independent Examiner The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner's Statement

In connection with my examination, no matters have come to my attention

or

Pat Greene 6 West Hill Way Totteridge London, N20 8QP

Date: 16 April 2024

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The Parochial Church Council of St Andrew, Totteridge Statement of Financial Activities for the year ending 31 December 2023

Unrestricted Restricted Restricted Endowment
funds funds fund 2023 2022
Note £ £ £ £ £
INCOMING RESOURCES
Voluntary income 2(a) 127,842 5,000 0 132,842 160,328
Activities for generating funds 2(b) 5,167 0 0 5,167 5,217
Income from investments 2(c) 6,362 1,188 1,435 8,985 5,663
Church activities 2(d) 46,156 0 0 46,156 49,174
TOTAL INCOMING RESOURCES 185,527 6,188 1,435 193,150 220,382
RESOURCES EXPENDED
Church activities 3(a) 162,014 0 5,519 167,533 135,086
Cost of generating voluntary income 3(b) 0 0 0 0 0
Governance costs 3(c) 0 0 0 0 0
TOTAL RESOURCES EXPENDED 162,014 0 5,519 167,533 135,086
NET INCOMING (OUTGOING) RESOURCES BEFORE TRANSFERS 23,513 6,188 (4,084) 25,617 85,296
GROSS TRANSFERS BETWEEN FUNDS 5 0 0 0 0 0
NET INCOMING (OUTGOING) RESOURCES BEFORE OTHER
RECOGNISED GAINS AND LOSSES		 23,513 6,188 (4,084) 25,617 85,296
OTHER RECOGNISED GAINS
Gains (losses) on investment assets 7(a) 15,736 0 4,549 20,285 (22,568)
NET MOVEMENT IN FUNDS 39,249 6,188 465 45,902 62,728
Balances b/fwd 1 January 2023 9 215,600 30,741 54,261 300,602 237,874
Balances c/fwd 31 December 2023 254,849 36,929 54,726 346,504 300,602

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BALANCE SHEET AT 31 DECEMBER 2023

BALANCE SHEET AT 31 DECEMBER 2023
FIXED ASSETS
Tangible 6 15,041 0 0 15,041 17,189
CURRENT ASSETS
Stock
Investments 7(a) 199,284 0 52,484 251,768 214,483
Debtors and prepayments 7(b) 19,493 0 0 19,493 6,531
Short term deposits 27,500 30,067 0 57,567 57,565
Cash at bank and in hand 4,213 6,862 2,242 13,317 19,396
250,490 36,929 54,726 342,145 297,975
Creditors - amounts falling due within one year 8 (10,682) (10,682) (14,562)
NET CURRENT ASSETS/(LIABILITIES) 239,808 36,929 54,726 331,463 283,413
TOTAL ASSETS LESS CURRENT LIABILITIES 254,849 36,929 54,726 346,504 300,602
TOTAL NET ASSETS 254,849 36,929 54,726 346,504 300,602

Approved by the Parochial Church Council on 12 March 2024 and signed on its behalf by:

Rev’d Cate Irvine (Vicar)

Alex Wishart (Treasurer)

The notes on pages 15 to 18 form part of these accounts.

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The Parochial Church Council of St Andrew, Totteridge

NOTES TO THE FINANCIAL STATEMENTS

for year ended 31 December 2023

Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005).

The financial statements have been prepared under the historical cost convention except for 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 the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

Fund accounting

Endowment funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the PCC’s general purposes.

Incoming resources

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be paid over is accounted for when due.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

The PCC estimates that the Parish Hall cost about £50,000 to construct; the building has been fully depreciated. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

A new Church heating system, compliant with the Diocesan heating standards, was installed at the end of 2016 at a cost of £32,230. This is being depreciated over 15 years.

Investments are valued at market value at 31 December.

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2. INCOMING RESOURCES

2(a)Voluntary income
Planned giving: Gift Aid donations
Collections: (open plate)
Tax recoverable
Grants: Barnet Council (churchyard)
Donations, appeals, etc.
Legacies
2(b) Activities for generating funds
Parish Magazine (advertising and sales)
Fund raising
2(c) Income from investments
Dividends on CBF Investment Fund
Bank and CBF Deposit Fund Interest
2(d) Income from church activities
Fees for weddings and funerals
Parish Hall lettings - local community use
NetOne mobile phone installation
Miscellaneous
Total incoming resources		 Unrestricted
funds
Restricted
funds
Endowment
fund
2023
2022
£
£
£
£
£
37,236
0
0
37,236
35,632
5,174
0
0
5,174
4,487
13,660
0
0
13,660
10,283
16,088
0
0
16,088
2,748
1,684
0
0
1,684
7,178
54,000
5,000
0
59,000
100,000
127,842
5,000
0
132,842
160,328
1,627
0
0
1,627
1,651
3,540
0
0
3,540
3,566
5,167
0
0
5,167
5,217
4,985
0
1,435
6,420
5,304
1,377
1,188
0
2,565
359
6,362
1,188
1,435
8,985
5,663
2,766
0
0
2,766
2,498
12,801
0
0
12,801
16,470
24,748
0
0
24,748
25,642
5,841
0
0
5,841
4,564
46,156
0
0
46,156
49,174
185,527
6,188
1,435
193,150
220,382

3. RESOURCES EXPENDED

3(a) Church activities
Missionary and charitable giving
Ministry: Diocesan parish share
Other ministry costs
Church running and maintenance
Major repairs - structural renewal
Sunday School
Churchyard upkeep
Parish Hall running costs
Parish Office, including printing, stationery and magazine
3(b) Generation of voluntary income
Stewardship costs
Costs of appeals
3(c) Governance costs
PCC members induction training
Independent examiner's remuneration
Total resources expended*		 Unrestricted
funds
Restricted
funds
Endowment
fund
2023
2022
£
£
£
£
£
0
0
0
0
0
45,364
0
0
45,364
41,000
2,190
0
0
2,190
2,611
50,605
0
0
50,605
44,965
9,000
0
0
9,000
0
0
0
0
0
34
16,088
0
5,519
21,607
8,969
11,979
0
0
11,979
12,897
26,788
0
0
26,788
24,610
162,014
0
5,519
167,533
135,086
0
0
0
0
0
162,014
0
5,519
167,533
135,086

16

4 (a). STAFF COSTS

The PCC uses the services of gardeners, organists, a cleaner and an office administrator, all selfemployed and part-time. Total remuneration paid to them in 2023 was £31,277

4 (b). PAYMENTS TO PCC MEMBERS No payments or expenses were paid to any PCC member, persons closely connected to them or related parties.

5. ANALYSIS OF TRANSFERS BETWEEN FUNDS

Nil

6. FIXED ASSETS

Cost
Balance carried forward
Depreciation
Balance brought forward
Charge for the year
Balance at 31 December 2023
Net book value at 31 December 2023		 Unrestricted
funds
Restricted
funds
Endowment
fund
2023
2022
£
£
£
£
£
32,230
0
0
32,230
32,230
15,041
0
0
15,041
12,894
2,148
0
0
2,148
2,147
17,189
0
0
17,189
15,041
15,041
0
0
15,041
17,189

7. CURRENT ASSETS

7(a) Investments
Market value at 1 January 2023
Disposal
Purchases at cost
Net gains (losses)
Market value 31 December 2023
7(b) Debtors
Tax recoverable
Prepayments and accrued interest
Other debtors		 Unrestricted
funds
Restricted
funds
Endowment
fund
2023
2022
£
£
£
£
£
166,548
0
47,935
214,483
177,051
0
0
0
0
0
17,000
0
0
17,000
60,000
15,736
0
4,549
20,285
(22,568)
199,284
0
52,484
251,768
214,483
1,838
0
0
1,838
576
0
0
0
0
0
17,655
0
0
17,655
5,955
19,493
0
0
19,493
6,531

8. LIABILITIES

Amounts falling due in one year
Accruals for utility and other costs
Other creditors
Parish Share
Amounts falling due after more than one year
Other creditors		 Unrestricted
funds
Restricted
funds
Endowment
fund
2023
2022
£
£
£
£
£
345
0
0
345
900
973
0
0
973
13,662
9,364
0
0
9,364
0
10,682
0
0
10,682
14,562
0
0
0
0
0

17

9. FUNDS

Fund movements
Balance at 1 January 2023
Incoming resources
Resources expended
Investment gains
Transfer
Balance at 31 December 2023		 Collins
Fabric
Emond
Total
25,000
742
5,000
30,742
166
5,000
33
5,199
(166)
0
(33)
(199)
0
0
0
0
0
0
0
0
25,000
5,742
5,000
35,742

10. QUINQUENNIAL INSPECTION

The next quinquennial inspection will be in 2024.

.

11. INSURANCE

The Church buildings and contents are insured with a loss limit of £9,980,000. The Parish Hall and contents are insured with a loss limit of £3,330,000.

12. INVESTMENT POLICY

The 8,816 Income shares in the CCLA CBF Church of England Investment Fund are held as a long-term investment. The unit price can rise or fall depending on stock market conditions, and the investment policy of the manager of the funds.

13. CHURCHYARD

The London Borough of Barnet made a payment of £16,088 for maintenance of the upper churchyard and the war memorial.

14. CHARITABLE SUPPORT

Dedicated collections and events organised by support groups raised funds for and made the following contributions to Charitable organisations:

Earl Haig Fund Poppy appeal £250
Bishop’s Harvest appeal £572
Bishop’s Ordinand training fund £442

15. OTHER COMMITMENTS

None

18