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2021-12-31-accounts

PCC of St Thomas Church Oakwood Registered Charity No. 1129369

Trustees’ Annual Report and Accounts for the year ended 31[st] December 2021

A. Reports
1. Trustees’ Annual Report 1
2. Financial Risk Assessment 9
3. Independent Examiner’s Report 11
B. Accounts
4. Accounting Framework 1
5. Statement of Financial Activities 2
6. Balance Sheet 2
7. Notes to the Accounts
(i)
Balance Sheet detailed		 4
(ii)
Analysis of income and expenditure		 5
(iii)
Fund movement		 7
(iv)
The Purposes of Designated and Restricted Funds		 8
(v)
Accounting Policies		 9
(vi)
Investment Guidelines		 11
(vii) Other Disclosures 12

Incumbent

Bank

The Reverend Richard Alldritt

2 Sheringham Avenue, Southgate N14 4UE HSBC plc 31 Holborn Circus, London EC1N 2HR

Treasurer Mr Chris Goodlad 17 Oakwood Park Road, Southgate N14 6QB

Independent Examiner

Roger Seaton

23 Greenhill Park, Barnet, Herts, EN5 1HQ

A REPORT ON THE NEW ELECTORAL ROLL PAROCHIAL CHURCH COUNCIL (‘PCC’) OF ST THOMAS OAKWOOD

The updated Electoral Roll was approved by the PCC on 8 April 2022 The Electoral Roll consists of 154 persons, 63 resident in the parish, 91 non-resident.

Christina Mateides Electoral Roll Officer

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2021 PAROCHIAL CHURCH COUNCIL (‘PCC’) OF ST THOMAS OAKWOOD

Aims & Purposes

The PCC has the responsibility of co-operating with the incumbent, the Revd Richard Alldritt in promoting the gospel of the Lord Jesus Christ according to the doctrine and practices of the Church of England. The PCC has considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

Objectives & Activities

As part of the Diocese of London, we share a vision of a church for London that is Christ-centred and outward looking - seeking to be more confident in speaking and living the Gospel of Jesus Christ, more compassionate in serving our community with the love of God and more creative in reaching new people and places with his help.

The Apostle Paul tells us that Jesus is the Head of the church (Ephesians 4:15; 5:23; Colossians 1:18; 2:19); he is our Head at St Thomas. In practice this means that those whom he calls to be under-shepherds of his flock must, first and foremost, be teachers of his Word so that we may hear him speak to us, nourishing, correcting, training, rebuking and directing us. It also means that we must seek him in prayer, committing all the concerns of the work to him, knowing that he is in charge and wants us to flourish in godly usefulness.

Achievements & Performance

The first part of the year was, of course, overshadowed by the ongoing coronavirus crisis, and the third national lockdown between January and March. We moved to a twin morning service arrangement in order to accommodate all those who wished to attend in person in a socialdistanced way. Midweek church groups and activities either met on Zoom, or were cancelled entirely (inc. the Easter Holiday Club for a second year). It was only when we got to the end of the summer that church life began to resume to some form of normality - with one morning service, home groups meeting in person again, and the resuming of regular outreach groups.

There was a real fear of ‘losing’ many people on the transition back to church - and certainly we have lost some - but the autumn saw many people return, as well as the arrival of a considerable number of newcomers such that our overall numbers are not too dissimilar to where we were before the pandemic. In addition we launched a regular Tuesday lunchtime service which was proved popular, not just with the elderly, but also with those at home during the week. We are thankful for the Lord keeping his people through the challenges of the last two years.

Despite the constant change and flux associated with the pandemic, the clear explanation of the Bible continued to be central to all of our meetings. Over 2021 we followed the account of the life of Jacob from the book of Genesis - God’s grace is strong, and the promises never let go despite Abraham’s family being the messiest and most dysfunctional family ever; we lifted the curtain on ultimate reality from the book of Revelation, explored the big questions of meaning and existence from the book of Ecclesiastes, followed Luke’s account of the early church in the early chapters of Acts, and enjoyed topical teaching on identity, anger and anxiety. In addition, we continued our programme of Dig Deeper seminars exploring the subjects of spiritual abuse and same-sex attraction.

We spent a day together as a whole church family at the beginning of the summer, and then as a PCC at the start of the autumn reflecting on the lessons of lockdown, considering the kind of

church we want to rebuild as restrictions begin to ease. A number of key initiates came out of those meetings including the idea of making more of Sundays with more regular bring and share lunches, the launching of a regular parish outreach ministry, and the monthly ‘chatty’ evening service.

Henrik Sonessson joined the team from Oak Hill as our children and youth worker; Tia Reavley (our ministry apprentice) left the staff team to take up a position as teaching assistant in a local school, but continues to be a valued part of the church family.

Financial Review

Total funds: Total cash funds fell by about £36k during 2021 to £138k. Income fell by about £10k, with a further fall in one-off gifts partially offset by legacies and a recovery in hall income as COVID restrictions eased. Expenditure increased by over £30k, almost entirely as a result of various repairs and refurbishments.

General Fund: Despite the continued economic uncertainty caused by the COVID pandemic, regular giving held well throughout 2021. Although the General Fund made additional contributions of about £40k to building work (above and beyond the normal transfers into the building funds), the excess of regular giving over regular expenditure kept the deficit to just over £20k.

Staff funds: Regular monthly expenditure exceeds the regular monthly income that is restricted to these funds, with total balances falling by £5k and £17k being drawn from the St Thomas Church Fund. The General Fund could be used to pay staff if necessary.

Building funds: The major items of expenditure were £47k converting the stage area into a new meeting room, £20k on new windows in the hall and £11k refurbishing Gerrards Close. Contributions of £40k and £30k were made by the General Fund and Legacies’ Fund respectively.

Reserves Policy

The treasurer, together with the PCC, continually monitor the levels of funds available to ensure that ministry is adequately resourced, in particular staffing levels and the maintenance of buildings. The necessary level of funds varies from year to year. The General Fund is currently running at a historically high level, offering protection against a potential fall in regular income, in particular due to increases in the cost of living.

Further information on reserves can be found in the notes to the accounts (Section B7.5 – Accounting Policies).

Plans for Future Periods

There are a number of specific items for prayer in 2022:

might come to the weekend, and pray that God might use it to build a greater sense of gospel partnership and church family.

Structure, Governance & Management

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

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the Incumbent, the Churchwardens, Ex Officio members due to membership of Deanery & Diocesan Synods and members elected by those persons whose names are on the electoral roll of the church.

The PCC held 6 meetings during the year together. Over the course of 2021 we promised to give £85,200 to the Diocesan Common Fund for 2021, and maintained a missionary support figure whereby we give at least 10% of the previous year’s stewardship, plus reclaimed tax, to the missionary organisations adopted by the PCC.

In addition, the PCC operates through a number of committees which meet between full meetings of the PCC and report back to it. The standing committee - consisting of Vicar, Churchwardens, PCC Vice-Chairman, PCC Secretary and Treasurer - did not meet during 2021. The Finance and General Purposes Committee met 4 times during the year in order to consider matters in relation to the finance and fabric of the church, including maintaining of our health & safety policy, agreeing staff pay rates, and setting rates for Hall hire, and other fees at the discretion of the PCC.

Administrative information

St Thomas is situated in Oakwood, North London. The correspondence address is the Parish Administrator, Parish Office, St Thomas Church, Oakwood, London, N14 4SN. Registered Charity No. 1129369.

During the year, the following served as members of the PCC:-

Ex-officio members: Incumbent: Richard Alldritt (Chairman) Churchwardens: Andrew Lewis & Pippa Reid Deanery Synod: Charles Maycock, Andy Reid, Mohan Yogendran Diocesan Synod: Roger Dean[2] Elected members[1] Hannah Giles Chris Goodlad (Treasurer) Jenny Hammond (Secretary) Liz Maggs Harriet Mitchell Ifedi Nwokoye Stella Roberts Richard Stones Notes: 1 Based on our current electoral roll figures, the maximum number of elected representatives is 12. 2 until July

Independent examiner: Roger Seaton

Adopted by the PCC on 11 April 2022, and signed by the Chairman:

Richard Alldritt Vicar, St Thomas Oakwood

ANNUAL REPORT FOR YEAR ENDED 31ST DECEMBER 2021 CHURCH FABRIC, GOODS & ORNAMENTS Church Fabric Lockdown offered a unique opportunity to undertake a number of significant projects: The replacement of new doors and windows in the large hall. The removal of the stage area and the fitting of a new meeting rts)m. The redecoration and fitting of a new kitchen and flooring at 7 Gerrards Close. In addition, a number of smaller projects and regular items have been completed including: The fire extinguishers were inspected and serviced. The lightning conductor was inspected and tested. The organ was tuned and maintained [N. B. Sadly the visit by the organ tuner unearthed o number of sisnificant faults and issues with the orgon, requiring sisnificont expenditure (in the region of £20-40k). Given the size of the amount, the PCC mode the decision to explore alternative options.] The annual gas and fire setvices took place. Insurance The church and its contents continue to be adequately insured with 'Congregational and General, which provides cover for property damage, employer liability, public liability, product liability and personal accident. We wish to record our grateful thanks to those who continue to make sure that the church grounds and premises are safe and well maintained. Particular thanks goes to John Baxter for his ongoing expertise and tireless contribution in this area of the life of our church, as well as Stella Roberts who was central to many of the projects undertaken. Signed by the church wardens: ILL(4 Andrew Lewis Pippa Reid

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2021 DEANERY SYNOD REPORT

The Deanery Synod normally meets three times during the year; meetings are open to all members of the Anglican churches in Enfield.

April 2021

In February the Deanery met on Zoom with +Rob speaking about the diocesan vision 2030.

July 2021

In July the Deanery met at St Peter & Paul Enfield Lock with guest speaker Bex Chapman, helping us think about what it means to be an effective deanery.

Nov 2021

In November the Deanery met at St John’s Palmers Green to follow up the discussions from the July meeting.

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2021

SAFEGUARDING REPORT

Over the course of 2021 the PCC re-affirmed our Child Protection Policy, with Peachey David as our Safeguarding Officer and Harriet Mitchell as our Children’s Champion. A safeguarding audit of all church activities has taken place. Where deficiencies have been identified appropriate action is being taken. A full questionnaire has been completed for the diocese regarding this area of ministry.

Trustees
Treasurer
Administrator		 Treasurer Treasurer Treasurer Treasurer Treasurer
Bookkeeper		 Churchwardens
Sidesmen
Service leaders		 Treasurer Trustees Treasurer
Trustees
Persons
responsible
Comments Trust that new
donors replace old.
Controls in place Treasurer monitors
quarterly gift aid
claim;
Office receives
confirmation email
from Charity
Commission		 PCC resolution.
Balance sheet
distributed with FCA
licence numbers.		 Regularly check
available deposit
rates.		 Difficult in practice. Difficult in practice. Excel spreadsheet,
Finance Co-ordinator
and bank statements
reconciled monthly.		 Collections handled
by two non-related
people.		 Insurance in place Reserves in place for
building repairs.		 Finance always on
the agenda.
Staff hired only if
funding in place.
Controls Ensure all Charity Commission and
HMRC requirements are met.		 Invest only in FSCS protected accounts
up to the FSCS limit.		 Keep under review and switch funds if
necessary.		 Encourage major donors to give early
warning of any income reduction.		 Awareness of any dissatisfaction
which might lead to this event. Speak
to those involved.		 All transactions double booked, once
by the treasurer, and once,
independently, by the bookkeeper.
Daily limit on internet payments.		 Always put money in church safe.
Encourage direct payment or cheque
offerings .		 Arrange suitable insurance Reasonable contingency provisions . Regular reporting to the PCC.
Reserves for future liabilities, eg. staff
salaries and weekend away.
4 5 6 12 6 8 4 6 9 8
Risk
rating
4:1 5:1 2:3 3:4 3:2 4:2 2:2 3:2 3:3 4:2
Significance:
Probability
Event Loss of charity status with
subsequent loss of gift aid and
tax refunds		 Loss of capital through
inappropriate investing		 Reduction in investment
interest		 Loss of major donors within the
congregation		 Individuals withdrawing
financial support but remaining
within the church		 Fraud or theft of funds Theft of Sunday collection cash Other theft Unanticipated significant
increase in expenditure		 Unanticipated significant
decrease in income
1 2 3 4 5 6 7 8 9 10
Trustees
Treasurer		 Bookkeeper Trustees Bookkeeper
Treasurer		 Administrator
Church staff
Treasurer
Persons
responsible
Comments No formal process.
Controls in place Decisions made by
PCC		 Use Finance Co-
ordinator		 Church wardens and
bookkeeper given
access to key files.
Job list distributed to
F&GP.		 Licenses and
insurance in place.
Controls Appoint suitable persons as
Bookkeeper, Treasurer & Independent
Examiner / Auditor
Report regularly to PCC on financial
position.		 Use standard package from
professional provider.		 General economic awareness . Wider access to key files; maintain job
list.		 Maintain licences and liability
insurance.
3 2 9 6 4
Risk
rating
3:1 2:1 3:3 2:3 4:1
Significance:
Probability
Event Inaccurate accounting Poor accounting systems Failure to respond to economic
changes and priorities		 Bookkeeper or Treasurer unable
to continue in role		 Imposition of financial penalties
(copyright infringement;
personal injury claims)
11 12 13 14 15

¥i¥OEPEIIDENT EXAMINER'S REPO1￿ TO THE IAEMBERS OF ST THOPAAS OAThCKK PAROCHIAL CHURCH COUNCIL December 21r21. vknich are set out in sect￿ B. Responsibillllos and basis of rewt requi￿r￿entS of the Charrties Act 2011 (Ihe Act'l. ComMissic￿ ￿der ￿110￿7 149SMb> of thekL SirK£ the gross IrKJ?rF￿ exceedgl £250.IYJOyourexamuw must be a memtw of a bcty listed sectron 145 of the Act. I confimi thal l am auakfied to undertake the examwkn because l am a (JL ROGER SEATON CHARTERED ACCOUNTANT 23 Greenhiu Pk He E￿5 1HQ 13 Aprd 2022 -A11-

Accounting Framework

The Financial Statements of the PCC have been prepared using the accruals accounting basis in accordance with the following:

Statement of Financial Activities

Unrestricted Designated
Restricted Endowment
Total
Prior year
funds
funds
funds
funds
funds
total funds
2021
2021
2021
2021
2021
2020
Income and endowments from:
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
Total income
Expenditure on:
Support for charitable activities
Charitable activities
Total expenditure
Gains / losses on investment assets
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Net movement in cash funds
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own
use
Net movement in funds
Total funds brought forward
Total funds carried forward		 148,634
26,000
23,370
—
198,004
208,107
1,066
—
—
—
1,066
264
3,965
59,187
169
—
63,321
59,265
389
—
563
—
952
1,368
812
812
—
—
1,624
4,822
154,866
85,999
24,102
—
264,967
273,827
11,937
9,022
1,000
—
21,959
23,011
121,584
112,562
44,615
—
278,762
245,784
133,521
121,584
45,615
—
300,721
268,795
—
—
—
—
—
—
21,344
(35,586)
(21,513)
—
(35,754)
5,032
292
43,154
167
—
43,613
22,418
(43,050)
—
(563)
—
(43,613)
(22,418)
(21,414)
7,569
(21,909)
—
(35,754)
5,032
—
—
—
—
—
—
(21,414)
7,569
(21,909)
—
(35,754)
5,032
1,108,255
29,346
60,471
—
1,198,073
1,193,041
1,086,842
36,915
38,562
—
1,162,319
1,198,073

Balance sheet

Total funds
Prior year funds
2021
2020
Fixed assets
Tangible assets
Investments
Current assets
Debtors
Investments
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Provision for liabilities and charges due within one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities		 1,025,000
1,025,000
21,857
—
1,046,857
1,025,000
9,117
9,559
53,532
75,000
54,398
93,792
117,047
178,352
436
—
1,149
5,279
1,586
5,279
115,462
173,073
1,162,319
1,198,073
1,162,319
1,198,073
Represented by
Unrestricted
General fund–buildings
General fund–cash
Designated
Charities and Mission commitment
7GC Repair and Renewal Fund
Church Fabric and Repair Fund
Church Weekend Away Fund
Hall, Flat and Guide Hut Repair and Renewal Fund
Legacies and In Memoriam Fund
Ministry Staff Fund
Short Term Mission Grants Fund
Vicarage Fund
22CWG (Curate House) Repair and Renewal Fund
Restricted
Bank Interest
Church Fabric and Repair Fund
Conference Fund
Crosslinks
Evangelism Fund
FAB Church and Children's holiday club fund
Leprosy Mission Fund
Ministry Staff Fund
Music Fund
Youth Worker Fund
Hardship Fund
Members Fund
St Thomas Church Fund
St Thomas Youth Group
Fund Raising Events
Funds of the church		 1,025,000
1,025,000
61,842
83,255
7,575
6,575
1,590
1,613
13,963
5,954
897
1,443
3,553
1,314
319
5,497
2,856
2,076
1,349
1,349
3,863
3,175
950
349
—
—
2,824
3,844
500
500
—
—
1,921
1,921
1,683
34
—
—
3,872
8,170
—
—
721
1,611
2,830
2,450
797
688
23,415
40,752
—
500
—
—
1,162,319
1,198,073

13 April 2022

Approved by the Parochial Church Council on ………………………………………………………………………..

And signed on its behalf by:

.…..…………………………………………………………….

Chairman

…..……………………………………………………………. Member

St Thomas's Church Oakwood Balance Sheet detailed

Balance Sheet detailed
As at
As at
31/12/2021
31/12/2020
Current assets
United Trust Capital Fund May 2023
Church Hall Guide Hut and Flat
Fixed assets
22 Curthwaite Gardens (Curates House)
7 Gerrards Close
Total Fixed assets
Cash in hand
United Trust 1 year account
Cash at HSBC Bank
Prepayments
CBF deposit Fund
Trade debtors
United Trust May 2021
HMRC Gift Aid
Accrued Expenses (creditors)
Other Debtors
Total Current assets
Liabilities
Agency collections
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Total Reserves
Other Creditors
Accounts Payable
Total Liabilities
Starting balances
Other gains/(losses)		 21,857
—
—
—
650,000
650,000
375,000
375,000
1,046,857
1,025,000
100
7,100
53,532
53,532
34,298
66,693
2,898
2,742
20,000
20,000
—
—
—
21,468
6,220
6,818
—
—
1,149
5,279
117,047
178,352
—
—
—
—
436
—
1,586
5,279
1,162,319
1,198,073
(35,754)
5,032
—
—
1,198,073
1,193,041
1,162,319
1,198,073
Represented by Funds
Fixed assets
Current assets
31/12/2020
Liabilities
Total
Unrestricted
1,046,857
40,279
Designated
—
38,207
Restricted
—
38,562
Endowment
—
—
—
294
1,292
—
—
—
1,086,842
1,108,255
38,562
60,471
36,915
29,347
Total
1,046,857
117,047
1,586
1,162,319
1,198,073

St Thomas's Church Oakwood

Analysis of income and expenditure Selected period: 01 January 2021 to 31 December 2021

Rent from 7 Gerrards Close
Hall Flat and Guide Hut Income
Investments
Rent from 22 Curthwaite Gardens
Sundry Receipts
Other trading activities
Income from charitable activities
Income from charitable activities Totals
Interest on CBF deposit account
Fees (portion payable to PCC)
Interest on United Trust Bank
Other Fund Raising Activities
Other income
Gov furlough scheme re COVID19
Other income Totals
Investments Totals
Other trading activities Totals
Income tax recovered on ad hoc giving
Donations and legacies Totals
Legacies
Donations
Income Tax Recovered (Gift Aid)
Special Collections
Envelope Scheme
Direct payments
Cash collections
Donations and legacies
Income and endowments
Income and endowments Grand totals		 2020
Total
Unrestricted
Designated
Restricted
Endowment
2021
—
778
—
1,468
1,075
690
39,483
—
26,000
—
—
26,000
5,125
6,096
—
6,572
—
12,668
3,361
23,313
—
2,829
—
26,142
26,944
—
—
1,039
—
1,039
4,422
3,936
—
152
—
4,088
597
114,598
—
12,000
—
126,598
127,099
—
—
—
—
—
148,634
26,000
23,370
—
198,004
208,107
1,066
—
—
—
1,066
264
1,066
—
—
—
1,066
264
3,731
2,400
—
41,187
—
—
41,187
35,009
177
—
—
—
18,000
—
—
18,000
—
177
18,000
3,789
126
—
—
—
—
—
—
169
—
3,957
—
63,321
59,265
3,965
59,187
169
—
933
1,257
—
20
111
—
—
20
389
—
544
389
—
563
—
952
1,368
812
812
—
—
1,624
4,822
812
812
—
—
1,624
4,822
154,866
85,999
24,102
—
264,967
273,827
Office telephone costs (church)
Parish Assistant costs (halls)
Parish Admin. NEST employer (halls)
Church sundry expenses
Accountancy costs
Expenditure
Support for charitable activities
Parish Administrator costs (church)
Parish Assistant costs (church)
Parish Adminstrator costs (halls)
Parish Admin. NEST employer (church)
Printing postage and stationery
Halls and flat sundry expenses
Office telephone costs (halls)
Support for charitable activities Totals		 352
—
—
—
352
342
—
—
—
—
—
664
—
133
—
—
133
135
2,551
—
1,000
—
3,551
3,514
75
—
—
—
75
75
7,560
—
—
—
7,560
7,605
—
—
—
—
—
664
—
7,560
—
—
7,560
7,605
133
—
—
—
133
135
1,265
—
—
—
1,265
1,543
—
977
—
—
977
363
—
352
—
—
352
366
11,937
9,022
1,000
—
21,959
23,011
Extraordinary Halls Flat rep maint
Repairs and maintenance of halls and fla
Water bills for halls and church flat
Gas and electric use halls and flat
Costs of insuring halls and church flat
Halls and Guide Hut cleaning and grounds
Church flat facilities
Expenditure on 7 Gerrards Close
OMF International
Mahalir Aran Trust
Charitable activities - ministry Totals
Leprosy Mission International
Youth Worker
Wellbeing coordinator
Production of Parish News and literature
Well being worker NEST ER pension contri
Vicar's expenses
Sunday School and youth
Employer's NI contrib for Church employe
General Church repairs and maintenance
Crosslinks
Free Recovery co Woodberry Baptist
Vicarage water
Youth worker NEST pension ER contributio
Study resources
Sanctuary requisites
Evangelistic Events
Church music expenses
Church insurance costs
Costs incurred re 7 Gerrards Close
Church gas and electric
Assistant Minister NEST pension contrib
Assistant Min, Women & Families worker
Extraordinary Church rep maintenance
Expenditure Vicarage fund
22 Curthwaite Gardens expenses
London Diocesan Common Fund contribution
Church cleaning grounds maintenance
Church weekend away costs incurred
Charitable activities
Expenditure Grand totals
Other charitable giving
Tearfund
Pathway
Wycliffe Bible translators		 2020
Total
Unrestricted
Designated
Restricted
Endowment
2021
—
—
—
—
—
—
10,000
61,896
—
—
71,896
11,088
—
430
—
—
430
1,551
—
4,829
—
—
4,829
5,329
—
2,318
—
—
2,318
2,203
—
6,479
—
—
6,479
6,861
—
1,026
—
—
1,026
1,659
55
—
—
—
55
602
2,000
—
2,000
—
—
2,000
500
—
—
500
—
2,000
3,675
—
5,675
3,758
—
—
—
—
2,000
4,286
21,196
—
25,482
—
375
4,375
—
500
—
2,000
500
19,713
—
12,934
296
—
—
—
243
—
369
—
—
—
—
4,000
563
—
4,563
6,428
—
2,000
—
—
314
392
—
—
—
392
288
—
288
291
—
—
375
—
16,692
—
—
243
385
(33)
16,354
—
158
842
—
1,211
35
—
—
—
35
—
—
—
—
—
—
50
—
346
153
—
—
115
—
115
244
—
—
—
3,646
6,607
—
—
—
6,607
6,649
3,965
—
—
—
3,965
775
—
2,022
1,032
—
3,054
43,308
11,599
773
—
—
12,372
92
1,263
—
—
—
1,263
1,705
—
—
413
—
413
13,670
—
—
10,910
—
10,910
281
—
—
—
—
—
—
—
73
—
—
73
29
368
149
—
—
517
2,728
85,200
—
—
—
85,200
85,200
1,194
—
—
—
1,194
1,103
—
1,947
—
—
1,947
113
—
2,400
1,400
—
3,800
3,161
—
—
—
—
—
150
—
500
—
—
500
500
—
121,584
112,562
44,615
—
278,762
245,784
133,521
121,584
45,615
—
300,721
268,795

St Thomas's Church Oakwood Fund movement by type Selected period: 01 January 2021 to 31 December 2021

Fund and type Fund balances Incoming Outgoing Transfers Gains and Journal Fund balances
brought forward Resources Resources Losses Entries carried forward
Unrestricted
General fund - buildings 1,025,000 — — 1,025,000
General fund - cash 83,255 154,866 133,521 (42,758) — 61,842
Sub-totals 1,108,255 154,866 133,521 (42,758) — — 1,086,842
Designated
Charities and Mission commitment 6,575 — 13,400 14,400 — — 7,575
Church Fabric and Repair Fund 5,954 — 2,022 10,030 — — 13,963
Church Weekend Away Fund 1,443 — 1,947 1,400 — — 897
Hall, Flat and Guide Hut Repair and Renewal 1,314 41,999 54,760 15,000 — — 3,553
Fund
Legacies and In Memoriam Fund 5,497 26,000 31,240 62 — — 319
Ministry Staff Fund 2,076 18,000 17,220 — — — 2,856
Short Term Mission Grants Fund 1,349 — — — — — 1,349
Vicarage Fund 3,175 — 73 762 — — 3,863
22CWG (Curate House) Repair and 349 — 149 750 — — 950
Renewal Fund
7GC Repair and Renewal Fund 1,613 — 773 750 — — 1,590
Sub-totals 29,347 85,999 121,584 43,154 — — 36,915
Restricted
Bank Interest — 563 — (563) — — —
Curate Fund — — — — — — —
Hardship Fund 2,450 1,380 1,000 — — — 2,830
Lent appeal — — — — — — —
Members Fund 688 109 — — — — 797
St Thomas Church Fund 40,752 — 17,479 142 — — 23,415
St Thomas Youth Group 500 — 500 — — — —
Fund Raising Events — 5,075 5,075 — — — —
Assistant Minister, Womens' and Family — — — — — — —
Worker
Church Fabric and Repair Fund 3,844 — 1,032 12 — — 2,824
Conference Fund 500 — — — — — 500
Crosslinks — 563 563 — — — —
Evangelism Fund 1,921 — — — — — 1,921
FAB Church and Children's holiday club fund 34 2,105 457 — — — 1,683
Gift Day Fund — — — — — — —
Leprosy Mission Fund — — — — — — —
Mens Group Fund — — — — — — —
Ministry Staff Fund 8,170 12,970 17,281 13 — — 3,872
Music Fund — — — — — — —
Youth Worker Fund 1,611 1,338 2,228 — — — 721
Sub-totals 60,471 24,102 45,615 (397) — — 38,562
Totals 1,198,073 264,967 300,721 — — — 1,162,319

The Purposes of Designated and Restricted Funds

a) Repairs funds

The following funds are used for repairs, renewals and maintenance of the relevant buildings:

b) Staff funds

c) Other funds

Accounting Policies

The accounts include all transactions for which the PCC can be held responsible. They do not include accounts of either any church group that owes an affiliation to another body or any group where total transactions of that group are deemed "not material" when considered as a proportion of the church's total transactions.

All income is recognised once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be measured reliably.

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All figures presented in the accounts are rounded to the nearest pound.

a) Material sources of income

c) Debtors

d) Liabilities

e) Split costs

f) Valuation of fixed assets

g) Reserves

Investment Guidelines

The PCC invests funds subject to the following guidelines:

Other Disclosures

a) Volunteers

General volunteers play a vital role in the organisation and running of services, teaching and outreach activities of the church.

Given the absence of a reliable measurement basis, the contribution of general volunteers is not included as income in the accounts.

b) Trustees’ remuneration and benefits

A Common Fund contribution of £85,200 was paid to the Diocese of London in respect of the Vicar, Richard Alldritt. The Common Fund is administered by the Diocese of London to pay for, amongst other things, clergy stipends, National Insurance, Council Tax, pension contribution and the maintenance of vicarages. (For further details, including details of stipends and pension - contributions, please visit: http://www.london.anglican.org/support/finance/common fund/)

No other trustee has been paid any remuneration or received any other benefits from an employment with this charity or any related entity.

c) Trustees’ expenses

Richard Alldritt had expenses reimbursed. Expenses totalled £645 and were for Council Tax bills, water bills, use of car, public transport, landline and mobile phone use, stationery, hospitality, books and other ministry resources, and training (course fees and expenses).

d) Related party transactions

During 2021, the PCC employed Elsa Maycock, the wife of a trustee. The following payments were made in respect of her employment:

Salaries (£) 15,240
Pension (£) 888
Expenses (£) 852
TOTAL (£) 16,980

During 2021, the PCC paid Ben Lewis and Tommy Mitchell, the sons of trustees, £45 and £355 respectively for work done maintaining the church grounds.

During 2021, the PCC received donations from trustees and close relatives totalling £69,778.

e) Audit, independent examination and other financial service fees

None.

f) Ex-gratia payments

None.

g) Staff costs and emoluments

Salaries (£) 68,367
Pension contributions (£) 3,346
Staff expenses (£) 3,312
Volunteer workers’ expenses (£) 7,384
Contract expenses (£) -
Indirect expenses (£) -
TOTAL (£) 82,410
Government Grants (£) 1,624
NET TOTAL (£) 80,786

h) Grants

Long-term mission
Short-term mission
Relief		 Institutions (£)
19,138
500		 Individuals (£) TOTALS (£)
19,138
500
TOTALS 19,638 19,638

(iii) Government Grants totalling £1,624 were received as part of the Coronavirus Job Retention Scheme.

i) Agency collections

j) Material events subsequent to the end of the accounting period

None.