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2021-12-31-accounts

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Annual Review
2021
The Parish of
All Saints’, East Finchley
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Index of Contents

Annual Report

Annual Report on the Proceedings of the PCC 2021

Churchwardens’ Fabric Report

Barnet Deanery Synod Report

Minutes of the Annual Parochial Church Meetings 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, EAST FINCHLEY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Administrative information

All Saints’ Church is situated in Durham Road, East Finchley, London N2 9DP. It is in the Edmonton Area of the Diocese of London within the Church of England. The correspondence address is All Saints’ Vicarage, Twyford Avenue, London N2 9NH.

The Parochial Church Council (PCC) is a registered charity, Charity Commission Number 1130392.

PCC members who have served from 1 January 2021 are:

Incumbent:
Fr Ian Chandler SSC Chairman
Honorary Assistant:
Fr Richard Buckingham Co-opted
Wardens: Ms Jennifer Daybell
Mr Alan Toms (and Treasurer) (until 16 November 2021)
Representatives on the Deanery Synod (Term of Office – 2020-23):
Mrs S Atkinson (Elected APCM 2020) (Also Electoral Roll Officer)
Mr Brian Hooper (Elected APCM 2020)
Elected members (Members are elected at the APCM and the term of office normally runs for 3 years).
Mr Peter Kinch (2019-22)
Mrs Joan Law (2020-23)
Ms Francesca Ross (2019-22)
Mr John Shepherd (2021-24)
Mr Nicholas Starling (2021-24)
Mr Robert Wills (2019-22)

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll, and the number on the Roll at the 2021 APCM was 73.

Objectives and Activities

All Saints’ PCC has the responsibility of co-operating with the incumbent in promoting within the parish the whole mission of the Church (pastoral, evangelistic, social and ecumenical).

We are:

An “Open Church” strategy lies at the heart of our thinking in terms of outreach and mission. As a church in the Catholic tradition, we hope to bring the life of prayer and the transformation of all things in Christ to the day-to-day concerns of all men and women of good will in our community. We want our church to be an Open Church.

Achievements and Performance

2020 had been a most difficult year because of the coronavirus pandemic and the various periods of lockdown and restrictions on daily life. 2021 began with another lockdown which lasted until mid-April. Gradually we returned to church services, although their character was greatly changed – no singing during services, communion in one kind only, no mixing after services and face masks to be worn at all times. Over the summer some of these restraints eased, and people were able to hold weddings and funerals without limiting attendance. In the autumn life began to relax, only for the Omicron variant to arrive and the year ended with further restrictions. However in June we held the APCM followed by a socially-distanced picnic; in October Father Ian led a small group of parishioners on pilgrimage to Walsingham and at the end of the month we were able to observe All Saints’ Day with a parish lunch; and despite Omicron we celebrated Christmas with a full range of services. The average Sunday attendance, counted during October, was xx. Given the Covid restrictions this compares well with the average number of 30 in October 2020.

Unfortunately we were unable to hold any social events in 2021 apart from the All Saints’ Day lunch, and nor were there any fund-raising events or Open Days. At the end of the year there were a few bookings to use the church for recordings which provided some income.

We are very sad to report that Mr Alan Toms, who had been Churchwarden for many years and latterly Treasurer, died suddenly in November. He had been a lifelong and faithful member of All Saints’ and is much missed. Our organist, Mr Mark Denza, tendered his resignation at the end of the year after five years’ service to the parish.

We are most grateful to Fr Ian for continuing to celebrate Mass and making it available to us during the lockdowns through livestreaming, and endeavouring to serve the parish as best he could through another very challenging year.

Safeguarding

The PCC has given due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults., by accepting and endorsing the principles set out in the Diocesan policy for safeguarding children, young people and vulnerable adults, ‘Safeguarding in the Diocese of London’. The PCC has adopted a policy statement which confirms, as follows:

The PCC has appointed a Church Safeguarding Officer and a Children’s Champion, as required by the Diocesan policy.

Financial Review

Total receipts on ordinary unrestricted funds were £65,038 and are detailed in the Financial Statements. The share portfolio, which is held in trust for the church, started the year with a value of £538,317 and the value at 31 December 2021 was £573,280. We received restricted income of £2,440. Two generous legacies were received during the year: £7,800 from Mildred Nasmith and £25,000 from Jennifer Bate.

Excluding costs relating to maintenance, £94,508 was spent to provide the Christian ministry from All Saints’ Church, including the contribution to the Diocesan Common Fund, which largely provides the stipends and housing for the clergy. The PCC agreed this year that, due to uncertainty about the level of income in 2021, the parish’s Common Fund contribution for 2022 should remain at £62,000. £14,203 was spent during the year on maintenance of the church, hall and grounds.

£293 was spent on social and fund-raising activities. £933 was paid to charity over the year.

The net result for the year was a deficit of income over expenditure of £9894. This would have been even greater were it not for the two legacies noted above. The net balance carried forward at 31 December 2021 for restricted and unrestricted funds, including investments, totalled £725,074.

Reserves Policies

Main Deposit Account General unrestricted funds held in this account to be used at discretion of PCC. Minimum reserve should be able to meet the costs of the PCC for at least 6 months (£50,000 for 2021). Reserve, if possible, of one to two years’ costs of the PCC (£100,000 to £200,000 for 2021).

White/Lord Bequest Restricted. The interest from this account can only be used for floral beautification of the church. £2,000 (@ 31/12/21 of original capital also restricted as above. The rest of the original capital (£4,885 @ 31/12/19) can be used for general funds, but only if absolutely necessary. Brett/Waller Fabric Fund Restricted, first call for altar or vestments, then fabric. Vicar and Churchwardens’ Fund restricted to use for capital purchases or specific projects at Discretionary Fund the Vicar’s and Churchwardens’ discretion. No difference between capital and interest. Not to be used to meet general expenditure.

Music Fund Fund restricted to paying for music related items. (ie purchase of sheet music, hire of singers etc). No difference between capital and interest.

Holy Nuts Youth Club Fund restricted to youth work. Maintain a reserve of at least £200 if possible. If fund reaches £1000 capital purchases should be investigated.

Barclays Current Account General cash fund. Maintain at least £2000 to meet day to day expenditure. If fund grows to over £8000 transfer of some monies to the Main Deposit Account should be considered. Roof Fund Account Account restricted to collect monies specifically for the Roof Fund Appeal, including receiving grant payments from the National Lottery Heritage Fund, and to pay invoices relating to the project.

The PCC is aware that there are various works with respect to the fabric of the church which will be required in the next few years. The PCC is aware that, now the renewal of the church roof and associated works have been completed, there are other maintenance projects to be addressed without delay: modernising the heating system; renovation of the organ; and redecoration of the church hall and kitchen.

It is our general policy to invest our funds balances with the CBF Church of England Deposit Fund. Balances of accounts as of 31[st] December 2021 are detailed in the Financial Statements.

Approved by the Parochial Church Council and signed on its behalf by The Revd Ian Chandler (PCC Chairman).

REPORT ON THE PROCEEDINGS OF THE PCC 2021

The Parochial Church Council met five times during 2021, twice online and three times in person.

At the meeting held online on 20 January the PCC met the Venerable John Hawkins, Archdeacon of Hampstead, as part of his Visitation to the parish. He congratulated the congregation for keeping together and caring for each other during such a difficult time, and he thanked the parish on paying its quota in full in 2020 despite the many difficulties.

On 24 February the PCC met online again. It was reported that bequests had been received from two former members of the congregation; Geoffrey Hanson (former organist) had left his piano and £5,000 to the church, and Mildred Naismith had left £7,800. The churchwardens had applied for a faculty for a plaque to commemorate the roof works.

The Annual Report and Accounts for 2020, the Fabric Report and the Electoral Roll were agreed by email before the APCM on 23 May. There was a brief meeting in person following the APCM, when the officers and standing committee members for the year were elected.

A meeting was held on 11 October, when it was reported that the late Jennifer Bate had left a legacy of £25,000 with a request that £5,000 should be earmarked for music in the parish. Part of Mildred Naismith’s legacy had been used to improve the lighting in the sanctuary, and a member of the congregation had donated £500 towards the cost of redecorating the hall.

Finally there was a brief meeting on 28 November, following the sudden death of Alan Toms, when new signatories to the parish bank accounts were appointed and Jenny Daybell was elected as Vice-Chair of the PCC.

Sally Atkinson, PCC Secretary

CHURCHWARDENS’ REPORT

Fabric Report

Under the “Care of Churches and Ecclesiastical Jurisdiction Measure 1991” the Churchwardens are required to:

Ø compile and maintain a full terrier of all lands appertaining to the church

Ø compile and maintain an inventory of all articles appertaining to the church

Ø record all changes in a log-book.

Ø make an annual inspection of the fabric and furnishings of the Church.

They are also required to report on the above to both the PCC and the APCM.

The following information was reported to the PCC at its meeting of 11[th] October 2021 and is hereby reported to the APCM:

The following works were completed under a Faculty previously reported to the PCC and APCM: ‘Practical completion of the works to the two low level roofs at the west end of the church was achieved on the 31[st] March 2021’.

The following maintenance was undertaken:

The lighting in the Sanctuary has been improved, thanks to the legacy from Mildred Naismith. The logbook was updated. There were no additions or deletions to the terrier and inventory.

Review of the Year

A lot of time this year has been spent dealing with our response to all the Covid restrictions and the changes that have been made on a regular basis. Fr Ian has worked tirelessly to ensure that Mass continued to be available on a regular basis via live streaming until we were able to join together.

This last year has also had a serious effect on our income as bookings for recordings had to be cancelled. As the pandemic continued, we have been unable to let the church for almost the whole of the year. We were not able to hold our own church fundraising events to bring much-needed funds into the church.

The most significant element of our outgoings is our Common Fund payments to the diocese and we have undertaken to meet 75% of our parish cost on a year-by-year basis. These costs as well as the general running costs of the church will continue to rise. We have continued to take an income from our investments and that is going some way towards balancing the books. I am most grateful to all the congregation who have continued with their regular contributions throughout the year. However I do ask that everyone continues to review their giving on a yearly basis.

I have a good working relationship with Fr. Ian and greatly appreciate all his support in our work. I am thankful for his leadership, care and support in all aspects of our parish life. Our parish is also blessed to be able to call upon the services of Fr Richard and we thank him for all the support he gives us.

I am deeply saddened to report the death of my fellow Churchwarden, Alan Toms, in November 2021

I would also like to take this opportunity to thank everyone who has helped to keep the church running during this difficult year with all the restrictions and preparing the church for re-opening when we were able to do so. I thank all of you who have continued to support the church when as a congregation we have not been able to come together as much as we would have liked. A big thank you to everyone who continues to worship here; you are an important part of the All Saints’ family and without your regular attendance, prayers and encouragement All Saints’ would not be able to flourish.

Jennifer Daybell, Churchwarden

REPORT ON CENTRAL BARNET DEANERY SYNOD

In 2021 Central Barnet and West Barnet Deaneries joined together and became the new Barnet Deanery. There are two representatives from All Saints' on the Barnet Deanery Synod – Sally Atkinson and Brian Hooper. Two meetings were held during the year, both on Zoom. On 17 February Christina Okrafo-Smart was elected as Lay Chair, and then Bishop Rob addressed the Synod on ‘Vision 2030 – Our Priorities’ with a focus on confident disciples and setting God's people free. On 28 July Sam Donoghue, Head of Children's and Youth Ministry Support in the Diocese, addressed the Synod members. He wanted to build up a connection with the Deanery and offer support as we reflect on our ministry among children and young people.

Sally Atkinson and Brian Hooper

MINUTES OF THE ANNUAL PAROCHIAL CHURCH MEETING ON SUNDAY 23 May 2021 2020

Present: Father Ian and 22 members of the congregation

1 Apologies for absence

Apologies were accepted Christina Davis, Regan Hardy, Lance Haward and Francesca Ross.

2 Minutes

The minutes of the previous year’s meeting, held on 25 October 2020, were agreed and signed.

3 Electoral Roll

Received: the 2021 Electoral Roll remained at 73 names, with no changes from the previous year.

4 Annual Proceedings of the PCC

Received: the report on the proceedings of the PCC in 2020. The PCC had four meetings and much of their time had been spent discussing the pandemic, the restrictions it caused parish life and the financial and social consequences.

5 Annual Report and Accounts

Received: the Annual Report and Accounts for 2020. Although there appeared to be a surplus of £6,000 at the end of the year Alan Toms reminded the congregation that this was due solely to Anne Bussey’s legacy. Without that it would have been a very difficult year as income had fallen significantly. The difficulties had continued into 2021, with no fundraising events and no recordings to provide essential income to pay for the church expenses. He asked everyone to consider their giving. Father Ian thanked the PCC members and the Churchwardens for their hard work during a difficult year, ensuring that parish life continued as far as possible.

6 Churchwardens’ Fabric Report

Received: the Churchwardens’ fabric report. Alan Toms reported that there were always repairs needed to a building which was almost 130 years old; the heating system could not work efficiently while doors were open due to the Covid 19 regulations, and the sound system needed improving.

7 Deanery Synod Report

Received: a report that the Barnet Deanery Synod had not met at all in 2020.

8 Safeguarding Report

Received: the safeguarding report. There were no issues of concern in 2020.

9 Elections:

Deanery Synod Representatives 2020 – 2023: Sally Atkinson and Brian Hooper. PCC members: John Shepherd (2021-24) and Nicholas Starling (2021-24). As of the 2021 APCM there were two vacancies - one of three years and one of two years.

10 Independent Examiner

Appointed: Jeffrey Nettleton.

11 Other Business

None had been notified. The Vicar said it was not clear what the rest of the year might hold, but he was looking forward with positivity and hoping that some normality might return to parish life before the end of the year. He asked everyone to think about how we can live the Gospel, so that when the time came we would be ready to act. Father Ian thanked everybody who played a part in parish life – the PCC members, servers, readers, musicians and all members of the congregation who faithfully attend Mass. Each one had a vital part to play in building God’s community in East Finchley, and he asked us to pray and consider how to grow our community.

Alan Toms spoke for the parish in expressing heartfelt thanks to Father Ian for everything he had done since his arrival in East Finchley. He had proved a stalwart support to everyone during the pandemic; he had ensured services took place if at all possible, and he had done so much to hold the parish together through these difficult times.

Chairman

Date:

All Saints’ East Finchley Accounts: Page 1

Parochial Church Council of All Saints', East Finchley, London N2

Registered with the Charity Commission, Registration Number 1130392

Statement of financial activities

For the year ending 31 December 2021

For the year ending 31 December 2021
Note
INCOME AND ENDOWMENTS
Voluntary Income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
Other incoming resources
2(e)
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE
Fund-raising costs
3(c)
Charitable giving
3(a)
Support costs
3(d)
Church activities
3(b)
TOTAL EXPENDITURE
NET INCOME AND ENDOWMENTS
BEFORE
OTHER RECOGNISED GAINS/LOSSES
Gains (loss) on investment assets
value at transfer
5(b)
Eanings/dividends reinvested
5(b)
on disposal
5(b)
on revaluation (after fees)
5(b)
Reconciliation of (Un)restricted funds
8
NET MOVEMENT IN FUNDS
BALANCES B/FWD 1 JANUARY
BALANCES C/FWD 31 DECEMBER		 Unrestricted
Funds
£
67,694
1,662
14,485
8,396
5,602
97,838
293
280
9,476
90,383
100,432
(2,594)
-
-
40,393
37,799
631,613
669,412		 Restricted
Funds
£
933
-
26
160
1,321
2,440
-
933
234
8,567
9,735
(7,295)
-
-
-
-
(7,295)
62,962
55,667		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2021
£
68,627
1,662
14,510
8,556
6,923
100,278
293
1,213
9,711
98,950
110,167
(9,889)
-
-
-
40,393
-
30,505
694,575
725,080		 TOTAL
2020
£
101,476
1,562
12,959
8,895
8,436
133,328
690
1,204
11,186
133,989
147,069
(13,741)
-
-
-
19,680
-
5,938
688,636
694,574

All Saints’ East Finchley Accounts: Page 2

Parochial Church Council of All Saints', East Finchley, London N2

Registered with the Charity Commission, Registration Number 1130392

Balance Sheet at 31 December 2021

Note
FIXED ASSETS
Tangible
5(a)
Investment
5(b)
CURRENT ASSETS
Stock
Debtors
6
Deposit Accounts
Cash at Bank and in hand
LIABILITIES
Creditors: amounts falling
due in one year
7
Net current
assets / (liabilities)
Total assets less current
liabilities
Creditors - amounts falling
due after one year
7
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
Restricted
9
Endowment
9		 Unrestricted
Funds
£
-
573,280
573,280
-
438
51,542
58,439
110,419
(14,287)
96,132
669,412
-
669,412
669,412
669,412		 Restricted
Funds
£
-
-
-
-
-
49,597
6,070
55,667
-
55,667
55,667
-
55,667
55,667
55,667		 Endowment
Fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2021
£
-
573,280
573,280
-
438
101,140
64,508
166,086
(14,287)
151,799
725,079
-
725,079
669,412
55,667
-
725,079		 TOTAL
2020
£
-
538,429
538,429
-
-
101,087
57,919
159,006
(2,860)
156,146
694,575
-
694,575
631,613
62,962
-
694,575

Approved by the Parochial Church Council on 27th May 2022 and signed on its behalf by Fr Ian Chandler (PCC Chair) and Mr Robert Wills (Acting Honorary Treasurer).

The notes on pages 3 to 7 form part of these accounts

All Saints’ East Finchley Accounts: Page 3

Notes to the financial statements

For the year ended 31 December 2021

1. ACCOUNTING POLICIES

The financial statements have been prepared in under the current Church Accounting Regulations and in accordance with the current Charities SORP and applicable accounting standards.

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

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. All Saints at the moment holds no endowment funds.

Restricted funds represent

(a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and

(b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given.

Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC invests each fund separately.

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Income and Endowments

Planned giving, collections and donations are recognised when they are received. Tax refunds are recognised when they are received. Grants and legacies are accounted for when an inflow of economic benefit is probable.

Dividends are accounted for when receivable, interest is accounted for when receivable. All other income is recognised when an inflow of economic benefit is probable. All incoming resources are accounted for gross.

Expenditure

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 common fund is accounted for as it is paid.

Amounts received specifically for mission or particular charities are dealt with as restricted funds. All other expenditure is generally recognised when an outflow of economic benefit is probable and is accounted for gross.

Fixed assets

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

Moveable 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 1998 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 £500 so all such expenditure has been written off when incurred.

Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Investments are valued at market value at 31 December

.

All Saints’ East Finchley Accounts: Page 4

2.
INCOME AND ENDOWMENTS
2(a)
Voluntary income
Planned Giving
Stewardship
Tax recoverable
Other
Collections (open plate)
Grants
Donations, appeals etc
Bequest -
Anne Bussey
Mothers Union Subscriptions
Bequest -
Jennifer Bate
Bequest -
Mildred Nasmith
2(b)
Activities for generating funds
Fund-raising Events
Sale of Magazine
Candleboxes
2(c)
Income from investments
Dividends and interest
including tax recoverable (CCLA)
Trust income
Quarterly Trust Income
2(d)
Income from church activities
Church and Hall Lettings
Fees
2(e)
Other incoming resources
Everyclick
August 2021 receipt
Heritage Lottery Fund
VAT Refund
Miscellaneous
Bank loyalty payments
Rev Christopher Hardy Retirement Gift
Michael Waring Retirement Gift
Rev Richard Buckingham Gift
Total incoming resources		 Unrestricted
Funds
£
23,710
6,708
-
656
-
3,820
-
25,000
7,800
67,694
1,392
-
270
1,662
27
14,458
14,485
8,260
136
8,396
21
-
-
5,523
57
-
-
5,602
97,838		 Restricted
Funds
£
-
-
615
-
-
-
318
-
-
933
-
-
-
-
26
-
-
26
-
160
160
1,321
-
-
-
-
-
-
-
1,321
2,440		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2021
£
23,710
6,708
-
1,271
-
3,820
-
318
25,000
7,800
68,627
1,392
-
270
1,662
52
14,458
-
14,510
8,260
296
8,556
21
1,321
-
-
5,523
57
-
-
-
6,923
100,278		 TOTAL
2020
£
27,486
7,412
-
1,846
-
3,170
61,286
277
-
-
101,477
1,562
-
-
1,562
433
12,526
12,959
8,295
600
8,895
15
711
7,072
88
-
-
550
8,436
133,327

All Saints’ East Finchley Accounts: Page 5

3.
EXPENDITURE
3(a)
Missionary & charitable giving
Home
Central Barnet Deanery
British Legion Poppy Appeal
East Finchley Food Bank
Childrens Society
Childrens Air Ambulance
Ambitious about Autism
North London Hospice
Together in Barnet
Walsingham Deposit
Holy Trinity School
The Society (FiF)
Walsingham Shrine
Mothers Union
Crib
Overseas
Diocesan Lent Appeal
Christian Aid
DECCovid Refugee Appeal
Christian Aid Idia Appeal
3(b)
Church activities
Common Fund
Clergy expenses
Church running costs
Hall running costs
Church maintenance
Hall maintenance
Parsonage maintenance
Upkeep of garden
Services (inc altar Req.)
Education (Inc Sunday Club)
Stationery & church admin.
Advertising services
3(c)
Fund-raising costs
Magazine production costs
Social & fund-raising costs
3(d)
Support costs
Choir and Organist
LDF - Fees
Rev C Hardy Retirement Gift
Michael Waring Retirement Gift
Rev Richard Buckingham Gift
Bank Charges
Total Resources Expended		 Unrestricted
Funds
£
-
180
60
40
280
62,000
1,792
9,999
6,346
1,889
1,323
2,424
1,880
35
1,983
714
90,383
-
293
293
9,111
-
-
365
9,476
100,432		 Restricted
Funds
£
615
318
933
-
-
8,567
-
-
-
-
-
-
8,567
-
160
-
74
234
9,735		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2021
£
-
-
615
-
-
-
-
-
180
-
60
40
318
-
-
-
-
-
1,213
62,000
1,792
9,999
6,346
10,456
1,323
-
2,424
1,880
35
1,983
714
98,950
-
293
293
9,111
160
-
439
9,711
110,167		 TOTAL
2020
£
-
79
365
-
83
-
-
111
-
-
60
40
277
5
-
-
185
-
1,205
62,500
2,981
11,466
7,461
21,167
14,119
6,795
3,015
1,683
124
2,354
324
133,989
-
690
690
9,838
324
-
-
550
474
11,186
147,070

All Saints’ East Finchley Accounts: Page 6

4. (a) STAFF COSTS

The PCC does not directly employ anyone. The Organist is under a contract for services. The caretaker invoices for services rendered (see also (b) below). No PCC member is employed by the PCC.

(b) PAYMENTS TO PCC MEMBERS

A small immaterial portion of the expenses paid to the incumbent may be related to his services as chair of the PCC. The caretaker, who received £4,800 in the year, is related to Mrs Joan Law. The PCC as a whole is aware of this pecuniary interest. No other remunerations were paid to any other PCC member, persons closely related to them or related parties. Some members of the PCC have received refunds of expenses incurred in carrying out church activities unrelated to membership of the PCC.

(c) RECEIPTS FROM PCC MEMBERS

£13,960 Planned Giving is donated by PCC members. Open plate collections and donations are all made anonymously. However we would expect a percentage of this to have been made by PCC members or by members of their families. The PCC receives no monies or advantages from businesses associated with PCC members.

5.
FIXED ASSETS
(a) Tangible
(All unrestricted)
Actual/Deemed Cost
At 1 January 2021
Disposal
Additions at cost
At 31 December 2021
Depreciation
At 1 January 2021
Withdrawn on disposals
Charge for the year
At 31 December 2021		 Church
Equipment
£
-
-
-
-
-
-
-
-		 Church
Equipment
£
-
-
-
-
-
-
-
-

Church equipment comprises Television and DVD/Video player which were written off previous to 1 January 2007. The Church leases a photocopier, which is therefore not an asset of the church.

(b) Investments
Value at 1 January 2021
Disposal (to current account)
Earnings / Dividends
Earnings paid to current account
Management Fees
Revaluation gain (loss)
Value at 31 December 2021
6.
DEBTORS (UNRESTRICTED
FUNDS)
CAF/CT Vouchers not yet redeemed
Other debtors
7.
LIABILITIES*
Amounts falling due in one year
Charities (restricted)
Other creditors (restricted)
Roof Fund creditors (restricted)
Other creditors (unrestricted)
Common Fund (unrestricted)
Amounts falling due after one year		 £
538,429
-
-
14,458
(20,000)
(4,739)
45,132
573,280
2021
£
-
438
438
-
-
-
8,287
6,000
14,287
-
-		 2020
£
-
-
-
449
324
-
2,087
2,860
-
-

All Saints’ East Finchley Accounts: Page 7

8. FUNDS

All funds except the Main Deposit Account and the Barclays Current Account are restricted. See description below. The Barclays Current Account may hold restricted monies from time to time.

All funds except the current account, the Roof Fund and the Youth Club account are held with the Church of England Central Board of Finance (CBF).

Fund movements
Balance at 1 January 2021
Incoming resources
Earnings/dividends reinvested
Resources expended
Transfers
Investment gains
Balance at 31 December 2021
Balance at 1 January 2021
Incoming resources
Resources expended
Transfers
Investment gains
Balance at 31 December 2021		 Current
Account
44,529
104,008
-
-90,098
-
-
58,439
Roof Fund
(current acc)
13,390
1,322
(8,642)
-
-
6,070		 Main Deposit
Account
51,515
-
-
27
51,542
Vicar & C/W
Discretionary
Fund
11,948
-
-
-
6
11,954		 White/Lord
Bequest
6,855
-
-
-
4
6,859
Music
Fund
676
-
-
-
0
676		 Brett/Waller
Fabric
Fund
29,613
-
-
-
15
29,629
Youth Club
Account
480
-
-
-
-
480

White/Lord Bequest Restricted. The interest (and £2000 of original capital) from this account can only be used for floral beautification of the church.

Brett/Waller Fabric Fund Restricted, first call for altar or vestments, then fabric of the church. (This fund combines Brett Bequest, Waller Bequest and Restoration Fund.) Roof Fund Fund Restricted to carry out Roof Repairs supported by Heritage Lottery Fund Vicar and Church Fund restricted to use for capital purchases or specific projects at the Vicar and Wardens Discretionary Churchwardens discretion. No difference between capital and interest. Not to be used to meet Fund general expenditure. Music Fund Fund restricted to paying for music related items. (ie buying sheet music, hire of singers). Holy Nuts Youth Club Fund restricted to youth work.

9.
ANALYSIS OF NET ASSETS
by fund
Tangible fixed assets
Investment fixed assets
Current assets
Liabilities
Amounts falling due in one year
Amounts falling due after one year
Debtors		 Unrestricted
Funds
£
-
573,280
109,981
(14,287)
-
438
669,412		 Restricted
Funds
£
-
-
55,667
-
-
-
55,667		 Endowment
Funds
£
-
-
-
-
-
-
-		 TOTAL
2020
£
-
573,280
165,648
(14,287)
-
438
725,079		 TOTAL
2020
£
-
538,429
159,006
(2,860)
-
694,575

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ITHE PCC) OF ALL SAINTS,, EAST FINCHLEY I report on the accounts of the church forthe year ended 31 December 2021 whlch are set out In pages I to 7. Respectlve Respon5ibilltles of Trustees and Examiner The churdi's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not requlred for this year under sectlon 14412} of the Ch3rltles Act 2011 and that an independent examinatlon Is needed. It is my responsSbllity to:

examine the acctsunts under sectlon 145 of the 2011 Act,. follow procedures lald down in the General Direcbons glven by the Charlty Commissioners under sectlon 1451519bl of the 201 1 Att,. and state whether particular matters have come to my attention. Basls of Independent Exam5nerfs Report My examination was carried out In accordan￿ wlth the general direthons gtven by the Charity commission. An eKomination includes a review of the accounting records kept by the charity 3nd a comparison of the accounts presented with those records. It also includes corisideratlon of any unusual item5 or disclosures in the atcounts, and seeklng explanations from you as trustees concernln8 any such matters. The procedures undertaken do not provide all the ewdence that would be requiTed in an audi¢ and consequently no opinion is glven as to whether the accounts present a.true and fair view, and the report is Ilmlted to those matters set out in the statement below. Independent Exarnlnerfs Statement In connettion wlth my examiAatlDn. no matter has come to my attentlon: 11 which glves me reasonable cavse to belleve that in any material respett the requirements to kÈep accounting rècords In accordance wlth section 130 of the 2011 Act; and to prepare accounts whlch accord with the accounting records and comply with the accounting requirements of the 2011 Att have not been met. or 21 to which. in my opinion. attention sFtould be drawn in order to enable a proper undèrstandlng of the accounts to be reached. Mr Jeffrey Nettleton BA FCA 13 St3nhope Court East End Road London N3 ILU