## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL**
# **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED**
**31 DECEMBER 2021**
**Caroline Jackson Independent Examiner 77 Penderyn Way London N7 0EY**
**`**
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Page 4|Review of the Year|
|Page 6|Trustees' (PCC Members') Responsibilities|
|Page 7|Independent Examiner's Report|
|Page 8|Statement of Financial Activities|
|Page 9|Balance Sheet|
|Pages 10 to 15|Notes to the Financial Statements|
2
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION**
|**LEGAL**|**AND ADMINISTRATIVE INFORMATION**|
|---|---|
|**Parochial Name**|St Luke's and St Francis|
|**Correspondent Address**|St. Luke's & St. Francis Parochial Church Council,|
||St. Luke's Vicarage, Penn Road|
||London. N7 9RE.|
|**PCC Members of the Church**|During the year the following served as members of the PCC:|
|**The Incumbent**|The Revd. John MacKenzie|
|**Assistant Curate**|The Revd. Elizabeth Campbell|
|**Associate Priest**|The Revd. Martin Wroe|
|**Wardens**|Joy Hinson|
||Jif Thompson|
|**Adminstrator**|Cristina Cooney|
|**Treasurer**|Mike Dark|
|**Music Director**|Justin Butcher|
|**Assistant Music Director**|Rick Leigh (until 27 June 2021)|
|**Deanery Synod Representatives**|Mike Dark|
||Liz Curran|
||Catherine Waithaka|
|**Elected Members**|Rebecca Adeyeye (from 16 May to 17 November 2021)|
||Julius Ajeigbe (from 16 May 2021)|
||Dayo Ashaye|
||Iain Cathcart (until 16 May 2021)|
||Jacqueline Christian|
||Adam Hardy (from 16 May 2021)|
||Daniel Northam-Jones|
||Grace Pengelly (until 16 May 2021)|
||Rosemary Sheldon|
||Tom Turner|
||Avis Venning (until 16 May 2021)|
||Jonathan Ward|
|**Co-opted Members**|Sheena Cruse - safeguarding|
||Susie Holland - children and young people|
||Justin Butcher - music|
|**Charitable Status**|St. Luke's Parochial Church Council is registered with the|
||Charity Commission|
||Registered Charity Number 1128923|
|**Bankers**|National Westminster Bank plc,|
||490 Holloway Road,|
||London. N7 6HN.|
|**Independent Examiner**|Caroline Jackson|
3
## **ST. LUKE’S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL FINANCE REPORT**
The St Luke’s community, like communities up and down the UK, has been impacted in a range of different ways as a result of two years of the Covid 19 pandemic. This is reflected in our accounts which, for the first time in many years, are showing a deficit for the year ended 31 December 2021 of £21,781 (surplus £25,047 in 2020).
Total income for the year ended 31 December 2021 was £164,878, down from £176,697 in 2020. At the same time expenditure has increased from £151,650 to £186,659. This increase in expenditure, coupled with the drop in income, has led to the swing from surplus to deficit between 2020 and 2021.
Overall donations from the congregation were £80,017. This is a reduction from the £99,726 recorded in 2020. The fall is partly explained by a one off extraordinary donation of £10,000 in 2020. It also reflects a reduction in weekly giving from passing the hat since the church building was closed for services at the start of 2021 due to Covid restrictions. Whilst people have returned to the building gradually since April 2021, numbers have not yet returned to pre-pandemic levels. These changes reflect wider society trends where some people have moved away from London and others have not returned to a pattern of regular church attendance after the disruption caused by the pandemic.
Due to ongoing Covid restrictions throughout 2021 lettings income from St Luke’s remained below the levels recorded in 2019. St. Luke’s lettings began to pick up as restrictions eased in the second half of the year and we anticipate an increase in this income in 2022. The longterm rental income from St Francis was not affected. Total lettings income at £70,101 showed a slight increase from the 2020 figure of £63,363.
Expenditure during the year has risen from £151,650 to £186,659. The detail by category, with comparison to the prior year, is given in Note 3 to the accounts.
Notable increases between the two years include the addition of St Luke’s contribution to the cost of hosting a curate in the Parish of c. £8,500 plus an increase in general ministry costs of c. £2,000. There was an increase in costs relating to the St Francis building this year of c. £11,500. Repairs, renewals and maintenance as well as utilities increased c. £6,000 as the church reopened its doors this year. We expect further increases in costs next year due to having the church open for a full twelve months, energy price increases and a full year of curacy costs.
Restricted funds can only be spent on the projects for which the funds have been given. At 31 December 2021 restricted funds stood at £13,888 down from £17,276 in 2020; unrestricted funds (also known as general reserves) stood at £110,571, down from £128,964 in 2020. Opening unrestricted reserves have been restated upwards by a prior year adjustment of £1,909 equating to the balance of the St Luke’s Lettings account which was omitted in error from the 2020 accounts. See note 11.
4
## **ST. LUKE’S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL FINANCE REPORT (continued)**
St Luke’s PCC has a policy of maintaining a minimum of £40,000 in unrestricted funds (general reserves) as a contingency against unexpected risks and to maintain adequate cashflow to operate. This figure represents a little under three months of unrestricted expenditure at 2021 levels.
After making appropriate enquiries, the PCC have a reasonable expectation that St Luke's has adequate resources to continue in operational existence for the foreseeable future, and in particular for at least 12 months from the date of the approval of these accounts. For this reason, they adopt the going concern basis in preparing the financial statements.
Financial hardship and challenges have faced many organisations this year. Perhaps we can consider ourselves fortunate to end the year with a deficit of only £21,781. In addition, we benefit enormously from the regular and ongoing donations from Cloudesley, a charity which provides generous support up to twice a year to churches in Islington for building maintenance. We gratefully acknowledge grants of £5,000 in 2021 (£10,700 in 2020) from Cloudesley in note 2b of the accounts. We are also thankful for commitments from Cloudesley of support towards upcoming major repairs and sustainability improvement projects at St Luke’s. We will continue to be mindful of achieving value for money and prudence in all resources expended in delivering the registered charitable objectives of St Luke’s.
The year ahead contains financial challenges for the church, as well as the parishioners and congregation we aim to serve, including rising inflation and the cost of living crisis. We are emerging into a new world as we start to adjust and set our priorities for life after the initial phase of the pandemic and we look forward, with hope, to a full year of the church being open for worship and other activities.
These challenges will require us to consider how we, the people who make St Luke’s St Luke’s, can increase our financial contributions, so that we can meet our day to day, week to week, month to month operating costs. Beyond the c. £25,000 that we need to stand still, if we want to do more, if we want to realise the ambition of the Mission Action Plan then we will need to increase our income from donations and fundraising events as well as looking for new sources of grant funding which supports community work.
4
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL**
## **TRUSTEES' (PCC MEMBERS') RESPONSIBILITIES**
## **PCC Members responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires that the trustees prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements the trustees are required to:
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements
4. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the members of the PCC and signed on their behalf by:
Signature
Revd John MacKenzie Name
29 April 2022 Date
6
## **INDEPENDENT EXAMINERS' REPORT TO THE**
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL**
This report on the financial statements of the PCC for the year ended 31 December 2021, which are set out on pages 7 to 13, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘the Act’).
## **Respective Responsibilities of the PCC and the Examiner**
As members of the PCC you are responsible for the preparation of the financial statements: you consider that the audit requirement of the Regulations and s.43(2) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under s.43(7)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner's Unqualified Statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with Section 41 of the Act; and
(b) to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or
2. to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Caroline Jackson 77 Penderyn Way London N7 0EY
Date
7
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**INCOMING RESOURCES**
Voluntary Income from Donors
**2a**
Other Voluntary Income
**2b**
Activities for Generating Funds
**2c**
Investment Income
**2d**
Incoming Resources from Charitable Activities
**2e**
Other Incoming Resources
**2f**
**TOTAL INCOMING RESOURCES**
**RESOURCES USED**
Grants
**3a**
Direct Charitable Expenditure
**3b**
Cost of Generating Funds
**3c**
Support Costs
**3d**
**TOTAL RESOURCES USED**|**Unrestricted**
**Restricted**
**2021**
**2020**
**Funds**
**Funds**
**Restated**
**£**
**£**
**£**
**£**
79,394
623
**80,017**
99,726
2,800
5,000
**7,800**
11,370
70,101
-
**70,101**
63,363
14
-
**14**
116
6,348
50
**6,398**
2,120
548
-
**548**
2
**159,205**
**5,673**
**164,878**
**176,697**
881
-
**881**
2,443
157,600
10,561
**168,161**
132,024
828
-
**828**
528
16,789
-
**16,789**
16,655
**176,098**
**10,561**
**186,659**
**151,650**|**Unrestricted**
**Restricted**
**2021**
**2020**
**Funds**
**Funds**
**Restated**
**£**
**£**
**£**
**£**
79,394
623
**80,017**
99,726
2,800
5,000
**7,800**
11,370
70,101
-
**70,101**
63,363
14
-
**14**
116
6,348
50
**6,398**
2,120
548
-
**548**
2
**159,205**
**5,673**
**164,878**
**176,697**
881
-
**881**
2,443
157,600
10,561
**168,161**
132,024
828
-
**828**
528
16,789
-
**16,789**
16,655
**176,098**
**10,561**
**186,659**
**151,650**|
|---|---|---|
|**NET (OUTGOING) / INCOMING RESOURCES**|**(16,893)**
**(4,888)**
**(21,781)**
25,047||
|Transfer from unrestricted to restricted funds|(1,500)
1,500
**-**
**-**||
|**NET MOVEMENTS IN FUNDS**|**(18,393)**
**(3,388)**
**(21,781)**
**25,047**||
||||
|Funds Brought Forward at 1 January
(as previously stated)|127,055
17,276
**144,330**
119,283||
|Prior Year Adjustment
**11**|1,909
-
**1,909**
-||
|Funds Brought Forward at 1 January
(restated)|**128,964**
**17,276**
**146,240**
119,283||
|Funds Carried Forward at 31 December|**110,571**
**13,888**
**124,459**
**146,240**||
Movements in funds and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing.
The notes on pages 9 to 14 form part of these financial statements.
8
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2021**
||||**2021**|**2021**|**2020**|**2020**||
|---|---|---|---|---|---|---|---|
||||||**Restated**|||
|||**Notes**|**£**|**£**|**£**|**£**||
|**Current Assets**||||||||
|Cash at Bank||**5**|**133,569**||159,211|||
|Debtors||**6**|**6,451**||2,639|||
||||**140,019**||161,851|||
|**Creditors**||||||||
|Amounts falling due|within one year|**7**|**(15,561)**||(15,611)|||
|**NET CURRENT ASSETS**||||**124,459**||**146,240**||
|**CAPITAL AND RESERVES**||||||||
|General Funds||||**110,571**||128,964||
|Restricted Funds||**4**||**13,888**||17,276||
|||||**124,459**||146,240||
|Approved by the members of the PCC and||signed on their|behalf by:|||||
|Signature||||||||
|Name|Revd John MacKenzie|||||||
|Date|29 April 2022|||||||
9
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES**
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 and s.43 of the Charities Act 1993 together with applicable accounting standards and the Charities SORP.
## **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 and details of the funds held and restrictions are provided in note 4.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## **Incoming Resources**
## _**Voluntary Income and capital sources:**_
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
## _**Other income**_
Rental income from the letting of church premises is recognised when the rental is due.
## _**Income from Investments**_
Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.
## **Resources Used**
## _**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 diocesan parish share "common fund" is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational, though not a legal liability and is shown as a creditor in the balance sheet.
## _**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.
10
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**2. INCOMING RESOURCES**
**a) Voluntary Income from Donors**
Planned Giving
Collections
Gift Days
Gift Aid
**b) Other Voluntary Income**
Grants: Cloudesley
Diocesan contribution to curacy costs
Fundraising
**c) Activities for Generating Funds**
Church Hall and Rents
**d) Investment Income**
Bank Interest
**e) Incoming Resources from Charitable Activities**
Ministry & Fees
**f) Other Incoming Resources**
Extra Ordinary Income|Unrestricted Restricted
**TOTAL**
TOTAL
Funds
Funds
**2021**
2020
£
£
**£**
**£**
56,711
-
**56,711**
59,873
**14,436**
623
**15,060**
28,568
-
-
-
-
**8,247**
-
**8,247**
**11,286**|
|---|---|
||**79,394**
**623**
**80,017**
**99,726**|
||-
5,000
**5,000**
10,700
2,800
-
**2,800**
-
-
-
-
670|
||**2,800**
**5,000**
**7,800**
**11,370**|
||70,101
-
**70,101**
63,363|
||**70,101**
**-**
**70,101**
**63,363**|
||14
-
**14**
116|
||**14**
**-**
**14**
**116**|
||6,348
50
**6,398**
2,120|
||**6,348**
**50**
**6,398**
**2,120**|
||548
-
**548**
2|
||**548**
**-**
**548**
**2**|
11
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**3. RESOURCES USED**
**a) Grants**
Christian Aid
Bishop's Discretionary Fund
Islington Giving
Discretionary fund
Housing Justice
Street Link
Raising Voices
Centre 404
Community Action on Prison Expansion (CAPE)
**b) Direct Charitable Expenditure**
Diocesan Quota - Common Fund
Curacy costs
Worship
Sunday School/Youth Club
Other Ministry
Churchyard
Repairs, Renewals & Maintenance
Music costs
Verger
Church Running Expenses - Utilities
Church Running Expenses - Cleaning
Church Running Expenses - Household
Church Running Expenses - Insurance
Postage, Printing & Stationery
St. Francis
Cost of governance
Other Expenditure
Bank Charges
Nightshelter Fund
Sustainability Fund
Stonework/solar panels fund
AV equipment and IT Fund
Vestry Fund
Light Staging Fund
**c) Costs of Generating Funds**
Fundraising and Publicity
**d) Support Costs**
Administration Costs
**Total resources used**|Unrestricted Restricted
**TOTAL**
TOTAL
Funds
Funds
**2021**
2020
£
£
**£**
**£**
381
-
**381**
260
-
-
**-**
325
500
-
**500**
-
-
-
**-**
200
-
-
**-**
500
-
-
**-**
500
-
-
**-**
58
-
-
**-**
500
-
-
**-**
100|
|---|---|
||**881**
**-**
**881**
**2,443**|
||85,200
-
**85,200**
85,200
8,505
-
**8,505**
**-**
1,483
-
**1,483**
379
189
-
**189**
54
4,770
-
**4,770**
2,711
8
-
**8**
174
8,863
-
**8,863**
5,073
10,400
-
**10,400**
10,622
600
-
**600**
80
9,970
-
**9,970**
7,851
2,410
-
**2,410**
1,747
817
-
**817**
705
6,396
-
**6,396**
6,573
2,529
-
**2,529**
1,183
13,382
-
**13,382**
1,914
270
-
**270**
-
1,428
-
**1,428**
23
380
-
**380**
416
-
-
**-**
318
-
4,599
**4,599**
3,600
-
3,600
**3,600**
-
-
2,022
**2,022**
2,260
-
-
**-**
1,141
-
340
**340**
-|
||**157,600**
**10,561**
**168,161**
**132,024**|
||828
**-**
**828**
528|
||**828**
**-**
**828**
**528**|
||16,789
**-**
**16,789**
16,655|
||**16,789**
**-**
**16,789**
**16,655**|
|||
||**176,098**
**10,561**
**186,659**
**151,650**|
12
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**4. RESTRICTED FUNDS**
Sustainability Fund
AV equipment and IT Fund
Nightshelter Fund
Lighting and Staging Fund
Stonework and Solar panels Fund
Net Zero Fund
Vestry Fund|Balance at
Transfer
Balance at
1 Jan 21
Income
Expenditure from General
31 Dec 21
£
£
£
£
£
6,925
-
(4,599)
-
2,326
2,740
5,000
(2,022)
-
5,718
2,292
-
-
-
2,292
2,134
50
(340)
-
1,844
2,100
50
(3,600)
1,500
50
-
573
-
-
573
1,084
-
-
-
1,084|
|---|---|
||**17,276**
**5,673**
**(10,561)**
**1,500**
**13,888**|
The charity spends all restricted monies that it receives and makes good any deficit on restricted funds from its general unrestricted funds.
## **Sustainability Fund**
Funds received and expended to improve the sustainability of the church
## **Net Zero Fund**
Funds received and expended to assist the church moving to carbon neutrality
## **AV Equipment and IT Fund**
Funds received and expended to enable the church to live stream services
## **Nightshelter Fund**
Funds received and expended to support the work of the Nightshelter project for homeless people that is hosted by St Luke's.
## **Lighting and Staging Fund**
Funds received and expended to upgrade the lighting and staging.
## **Stonework and solar panels Fund**
Funds received and expended to repair the stonework of the south wall and to install solar panels on that side of the church
## **Vestry Fund**
Funds received and expended to upgrade the vestry.
|**5. CASH AT BANK AND IN HAND**
St. Luke's Deposit Account
St. Luke's Current Account
St Luke's Lettings Account|**TOTAL**
TOTAL
**2021**
2020
Restated
**£**
£
**128,056**
155,302
**2,000**
2,000
**3,513**
1,909|
|---|---|
||**133,569**
**159,211**|
13
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**6. DEBTORS**
Prepayments
Accrued Income
**7. CREDITORS: AMOUNTS FALLING DUE**
Accruals
Deferred Income
Loans due in less than 1 year
**8. ANALYSIS OF NET ASSETS BY FUND**
Current Assets
Current Liabilities
Liabilities > 1 year|**WITHIN 1 YEAR**
Unrestricted
Restricted
Funds
Funds
£
£
126,131
13,888
(15,561)
**-**
**-**
**-**|**TOTAL**
**TOTAL**
**2021**
**2020**
**£**
**£**
**1,200**
-
**5,251**
2,639|
|---|---|---|
|||**6,451**
**2,639**|
|||**TOTAL**
**TOTAL**
**2021**
**2020**
**£**
**£**
**3,411**
3,611
**12,150**
12,000
**-**
-|
|||**15,561**
**15,611**|
|||**TOTAL**
**TOTAL**
**2021**
**2020**
**Restated**
**£**
**£**
**140,019**
161,851
**(15,561)**
(15,611)
**-**
**-**|
||**110,571**
**13,888**|**124,459**
**146,240**|
## **9. STAFF COSTS**
Salary and social security costs of £2,990 were paid in 2021 (nil - 2020).
The average number of full time employees in the year was 0.083 (nil - 2020).
No employees had total benefits (excluding pension contributions and employer's National Insurance) in excess of £60,000.
14
## **ST. LUKE'S & ST. FRANCIS PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **10. RELATED PARTY TRANSACTIONS**
The PCC members received no remuneration in relation to fulfilling their role as trustees.
During the year, payments totalling of £6,625 (£1,750 in 2020, part year) were made to Justin Butcher in connection with the provision of musical services as music director.
Miscellaneous expenses totalling £6,776 (£4,349 in 2020) were paid to 8 (6 in 2020) PCC members during the financial year 2021. These were reimbursements of routine items including maintenance, purchase of IT equipment, charitable donations, youth club/Sunday school, accounting software or other expenses incurred on behalf of the church. These items were agreed in advance and were paid on production of an invoice or receipt.
Donations totalling £15,213 was received in 2021 from 16 PCC members and related parties (£15,645 in 2020).
Payments totalling £8,400 were made in relation to the provision of accommodation for the Assistant Curate, Rev. Elizabeth Campbell. Contributions of £2,800 were received from the Diocese of London towards the cost of this provision.
Vox Holloway (N7 Community Choir) rehearses and performs in St. Luke's. It made donations to St. Luke's totalling £1,599 in 2021 (£1599 - 2020). Sheena Cruse, co-opted member of St. Luke's PCC, was also a trustee of Vox Holloway during the period.
## **11. PRIOR PERIOD ADJUSTMENT**
The 2020 figures have been restated throughout to correct the omission, in error, in 2020 of the St Luke's lettings bank account which at 31 December 2020 had a balance of £1,909. This has therefore increased brought forward funds at 1 January 2021 by £1,909.
|The impact on individual balances is shown below.
**Cash at Bank**
At 31 December 2020 - as previously stated
Prior Year Adjustment
At 31 December 2020 - restated
**Net Current Assets**
At 31 December 2020 - as previously stated
Prior Year Adjustment
At 31 December 2020 - restated
**General / Unrestricted Funds**
At 31 December 2020 - as previously stated
Prior Year Adjustment
At 31 December 2020 - restated|£
157,302
1,909|
|---|---|
||159,211|
||144,330
1,909|
||146,240|
||127,055
1,909|
||128,964|
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