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2021-12-31-accounts

ANNUAL REPORT FOR THE YEAR ENDING DECEMBER 2021

REGISTERED CHARITY NUMBER: 1130893

Administrative Information 2021 3
APCM AGENDA 2022 5
Minutes of APCM 2021 6
Review of 2021 11
Hon. Secretary’s Report 2021 15
Electoral Roll Report 2021 19
Fabric Report 2021 20
City of London Deanery Synod Report 2021 22
Finance Report for the Financial Year Ending 31 December
2021* 23
Accounts for 2021 24
Safeguarding Report 2021 33
Lunchtime Recitals Report 2021 35
Community and Charities Report 2021 36
Mission Action Plan (MAP) 2022 37

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Administrative Information 2021

St Olave Church is situated in the Ward of Tower in the City of London. It is part of the Diocese of London within the Church of England. The correspondence address is

St Olave Rectory, 8 Hart Street, London EC3R 7NB.

The Parochial Church Council (“PCC”) became an individually registered charity in 2009 under Charity Number 1130893.

Its full title is “The Parochial Church Council of the Ecclesiastical Parish of St Olave, Hart Street and All Hallows Staining, with St Catherine Coleman”.

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All church attenders are encouraged to register on the Electoral Roll and stand for election to the PCC.

PCC members who have served in 2021 until the date this report was approved are:

Incumbent: The Rev’d Canon Arani Sen Assistant Curate: The Rev’d Tessa Bosworth (from July 2021) Churchwardens: Mr Graham Mundy (St Olave, Hart Street) Ms Penny Ritchie Calder (St Catherine Coleman) Mrs Joy Wheeler (St Olave, Hart Street) Emerita from 13 June 2021 Mr Thomas Cleeve (All Hallows Staining) Mr Mark Magnacca (St Catherine Coleman)

Hon Secretary: Mr Richard Bucknall Hon Treasurer: Mr Graham Mundy Administrator: Miss Huong Hoang Director of Music: Mr Colin Spinks Deanery Synod Representative: Mr Graham Mundy

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Parochial Church Council Members:

The Rev’d Arani Sen (Chair) Mrs Joy Wheeler (Until July 31st 2021) Mr Graham Mundy (Lay Chair and Hon Treasurer) Mr Mark Magnacca Ms Penny Ritchie Calder (Children’s Champion) Mr Thomas Cleeve Ms Rina Wood (Safeguarding Of\icer) Mr Richard Bucknall (Hon Secretary) Dr Jim Harris, LLM

Attending when appropriate: Director of Music

Objectives and Activities

St Olave PCC has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church building in Hart Street, London EC3.

The average weekly attendance at the Sunday service is 23, plus 2 children, this includes both attendees via Zoom and in church (when possible).

This number increased at festivals and the various special services conducted on an annual basis for various organisations, including livery companies and the Corporation of Trinity House.

The average weekly attendance at the Tuesday lunchtime Communion before Covid-19 restrictions were put in place was 6.

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APCM AGENDA 2022

ANNUAL PAROCHIAL CHURCH MEETING Including the Annual Vestry Meeting of St Olave, Hart Street and All Hallows Staining with St Catherine Coleman Sunday 8 May 2022

1. Welcome and prayer

2. Apologies for absence

3. Annual Vestry Meeting:

4. Annual Parochial Church Meeting

5. First Meeting of the PCC: Elections:

6. Any Other Business

7. The Year Ahead and the Grace

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Minutes of APCM 2021

Minutes of the APCM 2021 Annual Parochial Church Meeting Including the Annual Vestry Meeting of St Olave, Hart Street and All Hallows Staining with St Catherine Coleman Sunday 25th April, 2021 at 12.00 pm Held in person and Online via Zoom

Present: The Reverend Arani Sen ,Chair Graham Mundy , Hon Treasurer Richard Bucknall, Hon Secretary Members of St Olave’s PCC: Penny Ritchie Calder, Joy Wheeler, Rina Wood, Tom Cleeve, Dr Jim Harris as well as Alison Sen and 11 other members of the electoral roll and 1 guest.

On Zoom there were a further 5 electoral roll members and one churchwarden, Mark Magnacca.

Papers for the meeting had been distributed online and were available in the church.

Opening Prayers/Realection

Rev’d Arani Sen opened the meeting with a prayer to provide all present with insights and to honour the Lord in dealing with the matters of the meeting.

Apologies: No apologies had been received.

It was agreed that the minutes of the meetings would be taken by RB, proposed by GM and seconded by TC.

1) ANNUAL VESTRY MEETING

i)Minutes of the 2019 Annual Vestry Meeting

It was noted that the proposers and seconders for the election of the Church Wardens needed to be minuted (Huong Hoang to provide details and amend minutes)

Subject to this amendment GM proposed and JH seconded that the minutes of the vestry meeting of 27th September 2020 be approved and they were unanimously agreed by all present.

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ii)Election of Churchwardens

The following church wardens would continue to serve: For St Olave Hart Street: Joy Wheeler (proposed by Graham Mundy and seconded by Ann Thomas) and Graham Mundy (proposed by Joy Wheeler and seconded by Ann Thomas)

For St Catherine Coleman : Penny Ritchie Calder(proposed by Graham Mundy and seconded by Joy Wheeler)and Mark Magnacca (proposed by Graham Mundy and seconded by Penny Ritchie Calder)

For All Hallows Staining: Tom Cleeve(proposed by Dr Jim Harris and seconded by Graham Mundy))

AS thanked the Churchwardens for their service and support to Arani and Alison Sen in the life of the church and for their wisdom and help at such a challenging time.

iii)Remembrance and thanksgiving for the departed

The meeting remembered and prayed in gratitude for the lives of Mary Mee, Keith Cunningham and Terry Hurlstone.

2)Annual Church Meeting of St Olave Hart Street

i) The minutes of the APCM of 27th September 2021 were presented for

approval of the meeting

It was noted there was an error in that Richard and Helen Saddleton had been incorrectly noted as Richard and Helen Edison. In this context the reference in the Finance Report to RE needs to be amended to RS. There were no further matters arising and PRC proposed the approval of the minutes. JW seconded and the minutes were approved unanimously.

ii )The Rectors Annual Report for 2020

AS spoke to the meeting, thanking Dennis and Sharon Lee for their past service as vergers and hoping that despite their ill health they would still be able to come to the church from time to time.

He also thanked Rev’d Nick Mottershead(NM) for all his work and support particularly in relation to the Hygiene Bank.

He expressed the hope that in June we would be able to welcome HRH The Princess Royal as the Master of Trinity House

He continued by thanking both Dr Jim Harris LLM and Alison Sen LLM for all their support and contributions over the past year.

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AS noted the progress that had been achieved with the new digital platform. He highlighted that the PCC are working toward a new Mission Action Plan, and that we are discerning how to emerge from lockdown in terms of mission.

Finally, he thanked all members of the congregation for their patience, support and forbearance.

RW suggested a gift be considered for NM .AS emphasised that his current role is a secondment, and we are expecting him to return but this suggestion should be considered by the PCC.

PRC thanked both Arani and Alison Sen for all their efforts and devotion over the past dif\icult year and this was unanimously supported.

iii) Hon Secretary’s Report

No questions were raised in relation to the report and the Rector thanked PRC for all her past work and RB for taking over this responsibility.

iv)City Deanery Report

AS thanked GM for his report. There were no questions.

v)Report on the Electoral Roll

The electoral roll currently stands at 53 persons.

vi) Fabric Report

AS highlighted the importance of maintaining the fabric as the church is used and accessible during the week. In particular, it was noted that CCTV cameras have been upgraded, which improves the security of staff and premises.

PRC explained the plans for the location of the Van Thielt/Capponi memorial.

It was noted that maintenance work will be concluded as soon as practical but the current access challenges to Seething Lane may delay this.

AS highlighted that the churchwardens and rector have instructed Russell Hanslip to draw up plans for: disabled access lift; disabled WC; coffee pint; and of\ice kitchen area.

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vii) Finance Report/Accounts

GM apologised that the accounts for the year end had not yet been \inalised and audited. He anticipated this would be completed by the auditors in the next two weeks, whereupon the report and accounts would be circulated and formally accepted.

MM expressed his gratitude to GM for providing continuity, stability and support.

viii)Appointment of Auditor

The reappointment of Zachary Ramsden of Messrs Gilbert Allen was proposed by GM and seconded by MM. The proposal was agreed unanimously.

ix) Safeguarding Report

RW advised that she had nothing to add to her written report. She reminded the meeting that PRC is the children’s advocate.

She encouraged anybody who had any questions or concerns that they should be addressed to RW.

x)Election of Verger

It was noted that following the retirement of Dennis and Sharon Lee no of\icial replacements had been appointed.

It was noted by AS and proposed by GM that Rupert Willcocks had agreed to act as an informal stand in verger. The meeting expressed their appreciation and support for this offer.

Iris White was thanked for all her help in acting as a server.

XI) Election of Sidespersons

There are no appointments to be made but the matter will continue to be reviewed.

xii) Election of lay members of the PCC.

The following were elected,

Richard Bucknall (proposed by Graham Mundy and seconded by Penny Ritchie Calder)

Dr Jim Harris (proposed by Graham Mundy and seconded by Penny Ritchie Calder)

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Rina Wood (Proposed by Ann Thomas and seconded by Graham Mundy))

The APCM closed with the Grace.

3) Meeting of the Parochial Church Council of St Olave Hart Street

Present: AS, JH, GM, PRC, TC , MM, JW, RW, RB.

i)Elections:

Lay Vice Chair, GM was proposed by TC and seconded by RW. Elected unanimously.

Honorary Secretary, RB was proposed by JH and seconded by PRC. Elected unanimously.

Honorary Treasurer, GM proposed by JW and seconded by RB. Elected unanimously.

Safeguarding Of\icer, RW proposed by RB and seconded by GM. Elected unanimously.

Children’s Advocate, PRC proposed by JH and seconded by JW. Elected unanimously.

ii)Any Other Business

The next PCC meeting is scheduled for Monday June 21st, 2021 at 18.00. This is likely to be a mix of in person and Zoom, subject to review.

Approval of the safeguarding policy will be on the agenda and AS encouraged all members of the committee to complete the training requirements that had been outlined at the PCC meeting on Thursday January 28th ,2021.

The meeting closed at 1.00pm.

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Review of 2021

During 2021, we slowly emerged from the pandemic, and I am very pleased to say there have been some signs of new growth. Since Easter, we have been able to worship in person and on zoom, and it has been very joyful to meet and worship together. Attendance

has been lower for a number of reasons, people moving, others unable to travel in. It is excellent that Lucy Cleeve has begun her ordination training at St Mellitus College, which has necessitated the family moving to her placement church. It is encouraging that a number of new people now feel at home at St Olave’s, and are getting involved.

Since September, the Tuesday Holy Communion service at 12.30 has resumed; this has been a peaceful oasis in the midst of the City. Numbers have begun to pick up, and again it has been good to welcome new people. The City has continued to be less busy, and the hotels have also been much quieter. These are our main mission \ield. Alison and I have continued to provide connection and pastoral support to local businesses and service workers, cleaners, security staff etc.

It has been very positive for the St Olave’s community to support the Afghan residents in the parish and a good link has been made with the hotel, the Corporation, and the Afghan shop. We have continued to support the homeless, through donations and giving people pot noodles; and through supporting Suited and Booted and Dress for Success. I am very grateful to Hannah Willcocks for taking charge of the Hygiene Bank, and for co-ordinating the donations so carefully.

One of the priorities for the PCC has been to be a place for the arts to \lourish and for re\lections on theology and the arts.

My priority has been to link the work in the arts: music, literature, and the visual arts. The midweek concerts have been very well attended, organised so skilfully by Michael Gammie and Richard Ciecierski with support from Janice Gammie. I try to attend when I can and make strong connections with attendees. This has been fruitful, as a number of concert-goers have attended services. We have planned the Pepys service, Pepys music evening and to be part of the T.S Eliot Fragments Festival. There is re\lection taking place with Jim Harris and others on the monuments in church, particularly links to the East India Company.

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In September, it was very special to launch Brian Grumbridge’ s excellent book, “The story of the churches and parish of St Olave, Hart Street with All Hallows Staining and St Catherine Colman after c1895”. I am very grateful to Brian for all his excellent research, this is very readable indeed. The book launch in September went very well.

In July we were able to welcome Rev’d Tessa Bosworth, who comes to St Olave’s once a week and some Sundays, as curate, mostly being at Holy Sepulchre. Tessa prepared some excellent online morning prayer sessions during the summer and has \itted in very well to St Olave’s.

It is a privilege to share ministry with Dr Jim Harris, who brings many unique gifts in preaching, creativity and in understanding art. Alison has been a constant support to me, both as LLM, and in her service to St Olave’s. Alison has led some very thought-provoking and re\lective bible studies on the parables during Advent and on Embracing Justice during Lent.

We are all challenged about how to grow in our faith on a daily basis. I am grateful to Rev’d Alex Volossevich who provides much support in celebrating and preaching on Tuesdays.

Sunday Worship and special services have been enhanced by strong and creative musical leadership by the Director of Music, Colin Spinks, the St Olave’s choir, and the cantors.

This year, the Christmas services were very special, and very well attended, as we celebrated joyfully, enhanced by word, liturgy and beautiful music led by the choir. People were able to join from home too.

In June, St Olave’s was able to welcome the Master, HRH The Princess Royal, the Deputy Master and the brethren and staff of Trinity House, to celebrate Trinitytide, a great success, the Dean of Salisbury being the preacher.

The Digital Platform, saintolave.com is now well embedded and we are increasing our social media presence. This is an excellent means to communicate the presence of St Olave digitally and keep people up to date with all that is going on, in worship, history, music and events.

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The churchwardens and PCC have been a great source of support. As a PCC we have begun to engage with mission and growth, building on the Mission Action Plan. This year the wardens and I have been working closely with our Quinquennial architect, Russell Hanslip, prioritising disabled access, through a lift, a disabled WC, and new servery areas. An access survey has been commissioned. Improved access will very much enhance our sense of inclusion as a church, as well as making us more \it for mission in the 21[st] century. We have commissioned a webcam to live stream services.

The PCC has been energetic and very missional. Rina Wood is doing an excellent job as safeguarding of\icer, ensuring records and training are up to date, to keep all safe and \lourishing.

With the PCC, I am going through a process of listening and seeking God’s priorities for the next few years of ministry. So far, I would describe these priorities as:

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I have made stronger links in my chaplaincy role with the Clothworkers’ Company, Trinity House, the Environmental Cleaners, and the Pepys Club.

I express thanks to the PCC, churchwardens, and the administrative support from Huong Hoang. I would like to express immense gratitude to Rupert Willcocks who has been an enormous help as acting verger, in setting up St Olave’s for worship, so carefully on Sundays, as well as helping at special services. My thanks also to Brian Grumbridge for his help setting up for services on Tuesdays.

I am very much aware that I have two roles, and I try to give both as much time as possible. My role as Area Director of Ministry on the Bishop’s staff is intense but rewarding. It involves being the lead Director of Ordinands for the Two Cities, oversight and assessment of curates, and clergy ministerial reviews and training. I keep Friday as a day off.

I end with a message of encouragement as we recover from the pandemic and look forward:

But those who wait for the Lord shall renew their strength, they shall mount up with wings like eagles, they shall run and not be weary, they shall walk and not faint. Isaiah 40:31

Rev’d Canon Arani Sen – April 2022 Rector, St Olave Hart Street

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Hon. Secretary’s Report 2021

Governance

During 2021 the PCC met on \ive occasions.

The Finance and General Purposes committee (F&GP), reporting to the PCC on \inancial and organisational matters, met \ive times in 2021.

Despite Covid-19 and the government lockdowns which impacted our \inances, there was a small cash surplus in 2021. Lower investment income and reduced collections were offset by increased donations and reduced expenditure.

The congregation was again encouraged to make donations by way of standing orders at a time when attendance at church was uncertain. There were no circumstances requiring the Standing Committee to meet.

Meetings of the Barker and Bewley Trust were convened on the same dates as the F&GP. The trustees comprise members of the F&GP committee. The trust holds modest sums for use in encouraging the education of students engaged in a technical craft within the City of London. Following discussions with the Southwark Academy the trustees agreed a prize of £250 per annum to be granted to an A level physics student from a disadvantaged background who had demonstrated exceptional work.

The PCC meetings were chaired by Rev’d Arani Sen, and the F&GP meetings were chaired by Mr Graham Mundy and both the PCC and the F&GP were supported by the Hon Secretary. All meetings were held by Zoom.

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Churchwardens

At the APCM which was held on Sunday 25th April the following were proposed and seconded for election as Churchwardens:

Graham Mundy: St Olave Hart Street Joy Wheeler: St Olave Hart Street Penny Ritchie Calder: St Catherine Coleman Mark Magnacca: St Catherine Coleman Tom Cleeve: All Hallows Staining

Lay Members of the Parochial Church Council of St Olave Hart Street The following were re-elected:

Lay Vice Chair: Graham Mundy Honorary Secretary: Richard Bucknall Honorary Treasurer: Graham Mundy Safeguarding Of\icer: Rina Wood Children’s Advocate: Penny Ritchie Calder Tom Cleeve and Mark Magnacca serve as ex-of\icio members of the PCC by virtue of their holding the of\ice of churchwarden.

Rev’d Nick Mottershead resigned from the PCC at the beginning of 2021 in the light of his new responsibilities as Priest in charge at Holy Sepulchre. Joy Wheeler was made a churchwarden emerita on 13th June, 2021 and stepped down from the PCC on July 31st ,2021. Joy was thanked for her many years of past service.

Safeguarding

The safeguarding of children and vulnerable adults remains a high priority for the PCC.

Rina Woods is the Safeguarding Of\icer, whilst Penny Richie Calder remains the children’s advocate. The latest Diocese of London’s Safeguarding Policy Statement was adopted during the year and the PCC’s policy statement is now posted on the website.

The safeguarding of\icer ensures that relevant members of the church community have obtained the necessary Disclosure and Barring Service certi\ication and that training requirements are maintained up to date. A safeguarding self-assessment exercise was completed during the year.

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Worship during Covid-19

Safety remained a key issue over the past year with the PCC watching government direction and guidance from the Bishop of London. The assumption is that mixed, in person and Zoom services, will be a feature for the foreseeable future. Experience has suggested that the inclusivity of being online has resulted in certain services being better attended than in the past. The PCC has agreed to upgrade the webcam with a view to further improve the quality of online worship.

More extensive use of the digital platform for the website has been encouraged and the website has been rated as technically superior. A prayer wall has been maintained on the digital platform. These initiatives helped the congregation in their faith and spiritual matters.

For those members of the congregation unable to connect via Zoom contact was maintained by telephone and mail.

Policies

The health & safety policy was reviewed during the year, as were the policies relating to Lone Working, Fire Safety (including the Fire Safety risk assessment), PCC Disciplinary Policy and the PCC Grievance procedure.

Tessa Bosworth

As part of our ongoing relationship with Holy Sepulchre, the PCC agreed that Tessa Bosworth, a curate in training, would participate in the services at St Olave’s once a month.

Mrs Ann Thomas and Mr Andrew Cox

Ann Thomas passed away on October 25th, 2021, aged 81. Ann had attended services since 1960’s, she was a member of the St Olave’s choir and had been a member of the PCC until September 2020.

Andrew Cox was a long standing member of our congregation, mostly attending the Tuesday services. He sadly died in February 2021.

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The History of St Olave’s

The planned party for the launch of Brian Grumbridge’s History of St Olave’s from 1895 to date needed to be postponed as a result of the Covid-19 restrictions to the evening of September 23rd, 2021.

The event was well attended, with guests including the Archdeacon of London, a Past Master of the Company of Environmental Cleaners and members of the Anglo-Norse Society. Many of those who attended expressed their interest in the book. The rector congratulated Mr Grumbridge on the thoroughness of his research, and thanked him for so generously covering printing costs.

The Arts as Mission

This is an important initiative. Sadly it was not possible to hold many events in 2021. However in 2022, St Olave’s has agreed to take part in the TS Eliot Festival in the City on April 8th/9th, 2022 as well as resuming the annual Pepys Commemorative Service and lecture “Pepys in the City” on May 26th, 2022 in conjunction with the Pepys Club.

Churchyard

We continue to be grateful to the City of London gardening team which . keeps this much valued green space in top condition

Richard Bucknall – April 2022 Hon Sec, PCC

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Electoral Roll Report 2021

At the time of the Annual meeting in 2021 there were 53 names on the roll.

During 2021/2 an additional four names were added to the roll which now stands at 57 people an increase of 7.5 percent over the year.

Graham Mundy – April 2022 Electoral Roll Ofaicer

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Fabric Report 2021

Quinquennial Report

Work continued to address the points which had be raised following the most recent QI (August 2020).

Rubbish and materials which had posed a health and safety issue in the bell tower were removed.

Work on other points raised at the meeting in February 2021 are continuing.

The following were identi\ied as priorities: a) Roof and guttering work.

c)Installation of disabled lift.

f) Refurbishment /re-equipping of coffee area in the baptistry.

There remain several important action points relating to planning and funding. The rector has met several times with Russel Hanslip to discuss proposed works and disabled access/WC.

CCTV/Webcams

The CCTV system in the church was upgraded. Existing cameras were upgraded as well as installing new cameras to cover previously unmonitored areas of the church and churchyard.

Costings and speci\ications for a portable camera mounted on a tripod was received and it was agreed that a camera would be purchased to allow for better quality of online services.

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Display of Capponi/Van Thielt ledger Stone

Work has continued on a solution to the question of how best to display the Capponi/Van Thieltledger stone. Due to changes to the company as a result of the pandemic, it was no longer possible for the ledger stone to remain in the care of Colin Bowles. Arrangements were made for the slab to be moved to a new storage location and it is now stored with Jayhawk Ltd.

Estimates have been sought from three specialist companies for the work of conserving and installing the ledger stone on the wall of the Lady Chapel opposite the Capponi memorial. A replica of the Van Thielt side will be displayed alongside. Funds will need to be raised once the DAC has approved the work in principle.

Annual Servicing and Maintenance

Annual maintenance of all the \ire extinguishers and the annual electrical appliance testing (PAT) was completed. The church boiler was checked and serviced. Additional annual maintenance carried out included: servicing of the organ blower, inspection of the lightning rod and annual gutters clearance carried out by IPH Solutions .

Penny Ritchie Calder – April 2022 Church Warden

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City of London Deanery Synod Report 2021

The \irst meeting of the triennium was held on Thursday 14th January 2021 and the Synod elected Of\icers and members of the Standing Committee for the next three years. The main topic for discussion was the impact of the COVID-19 pandemic on the City churches and, in particular, on their celebration of Christmas. This took the form of presentations from four City churches representing a broad range of traditions within the Church of England. The importance of using modern technology to engage with the local community as well as supporting worship during a time of lockdown was emphasised with churches offering Bible study, prayer times, formal worship and pastoral care online.

In February 2021 members of Synod were given the opportunity to attend an on-line meeting with the Lord Mayor to receive an update on the Corporation’s plans for the City post COVID.

The summer meeting of the Synod took the form of a joint garden party with the Westminster Deanery held in the gardens of the Master’s Lodge in the Temple.

The \inal meeting of the year was held on 12th October at St Andrew’s Holborn. Members considered the Synod \inances, and a report was received from the Synod’s representative on the London Diocesan Board for Schools. The main topic for discussion was the vision for the City Churches in light of Diocese’s Vision 2030 and the churches experience of the effects of the COVID pandemic. Members considered the challenges and opportunities presented by the pandemic. Fewer of\ice workers coming into the City had reduced the opportunities for face-to-face interaction but had highlighted those working in the hidden economy, hotel staff, cleaners, security staff etc who were often on low pay and poorly served by the church. The challenges of ministering to a parish where most of the congregation are commuters was discussed along with the opportunities presented by a “parish” not limited by traditional parish boundaries but with opportunities for worship and pastoral care to be made available online.

Graham Mundy – April 2022 Deanery Synod Representative

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Finance Report for the Financial Year Ending 31 December 2021*

The outturn for the \inancial year ending 31st December 2021 re\lects a positive net movement of funds of £64,000 (£8,430) although the operating surplus was only £7,651 as against an operating loss of £8,390 in 2020 with the difference being made up of gains on the revaluation of the investment portfolio of £56,349 (£16,820).

Total Incoming Resources were £166,546 (£153,397) an increase of £13,149 or 8.57 % on 2020 mainly due to the increase in Rental Income from £4,946 to £12,131, Mast Fees from £12,836 to £17,195 and Parish Rate from £50,433 to £53,635. Planned giving decreased from £18,035 to £17,225 and Investment Income from £20,597 to £18,949.

Total Resources Expended decreased from £161,787 to £158,896, a decrease of £2,891 or 1.78% with the main causes of the decrease being reduction in Ministry Service and other costs from £26,017 to £18,279. Church Running costs increased from £18,587 to £22,623 and of\ice costs and professional fees from £32,523 to £35,885.

The Funds balance carried forward at 31st December 2021 rose to £1,118,468 (£1,054,468) which re\lects gains arising from the revaluation of our investment portfolio of £56,349(£16,820).

This positive result puts the church in a strong position to pursue its mission with con\idence in 2022 and for the future but the PCC will need to remain alert due to the volatile nature of the \inancial markets and the uncertain effect of the COVID19 pandemic on our future income.

Graham Mundy - April 2022 Hon. Treasurer

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Accounts for 2021

PARISH CHURCH OF ST OLAVE FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2021

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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ST OLAVE, crry OF LONDON I report on the accounts of thè charity for the year ended 31 December 2021 whidi are set out on pagès I to 6. Re5ponsibilitie5 and basis of report As the d￿rity trnstees you aft re5F￿ble for tht preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act). I report in respect of my examinat>on of the FOUndatK￿.S xcounts Ca￿led out under section 145 of the 2011 Act and in carryin9 Out rny examinatbDn I have folhwed all the applicablp Directions given by the Charity Commissi(m wmler section 145(5){b) of the Act. Independent ex•miiier'5 statement I have completed my examinat?on. I confinm that no material matters have come to mv attention in connedion with thè examinatN)n giving me cause to believe that in any rnaterial respert: l. accounting records were not kept in respert of the dwrity a5 required by Section 130 of thè Art: or 2. the accounts do not accord with those rècords: or 3. the accounts do not comply with the applicable requirernents C￿(eMIng the fonn and content of accounts set out in the chaiities (Accounts and RepLYts) Regukati¢Jns 2008 other than any requirement that the account5 give a 't￿￿ and fair vièw ¥hith is not a matter considered as part of an independent exarnination. I have no concerns and have corne across no other matters in connection with the examination to whith attention shoukl be drawn in thts rewt in ordw to enable proper under5tandin9 of the accounts to be reached. steve Hale FCA Date: for and on behalf of Pwrys Accourtants Ltd Chartertd Atcountants ChurchdoT4vn Chambers rdyke Tonbridge Kent TN9 INR 25

Pwochial Churth Counol of St Olave. City of London Ststement of fi"nanaal èrtivitses For the Yeqir •Mled 31 Docoffl￿ 2021 Fund5 Furhds 2021 2020 Donatv￿5 Chaiitable Actswtses 2(a) 2(b) 2(c) 106.226 106,486 102.985 29￿15 20.597 18.225 19.171 165.340 742 166.546 153J97 Exporh&iure on: Charitable Actiwries 3(3) 3(b) 3(c) 31d) 154J66 250 154.816 156287 3.400 Fund-rat5ing tr4&ng r05ts 2.100 158.646 250 158,896 161.787 M•t Jnrwwl {ExpwM&ILv•) 6h95 492 7,651 I9,3￿ 4(b) 56J49 56.349 I6￿20 492 8.430 T￿1 funds Ixwjht fi>TrA 546JM8 461227 46.193 1.054.468 1.1>46x138 609.092 461691 46.685 1.118.468 1.054.468 26

Parnchial cl￿rCh Counol of st Otsve, City of London Balance sheet at 31 Decen•er 2021 Funds 2021 2020 Tgit4e 41a) 41bl 5.720 5.720 IA129.763 973.414 575A84 460.(XXI IA135A84 973.414 31,519 io. 49.066 146.685) 31.519 10.2C 51.757 37.427 10.206 43,937 Cash at h* Inter ￿1￿1 Loan 2h91 44.105 2￿91 46.685 93.481 91.570 LIABILITIES IOA97 10.497 10.516 2h91 46.685 82.984 81.054 TOTAL IIET AS￿$ 609.092 462h91 46.685 1,118rt68 1,054.468 P￿sH FUNDS 609.092 609.092 516.048 462.691 462,227 46.193 462￿91 46.685 609.092 462kn91 46.685 1.118A68 1.054.468 27

Parochial ch￿￿￿ Counal of St Olave, City of London Notes to the f•nancial statements for the year ended 31 December 2021 tO9ether wpiKable xcryJntkng {FRS 102 20151. 2011. 28

Parochial Church Coun(•l of St OLive. City of London Notes to the financial statements for the year ended 31 Decendjer 2021 2. IMCOME Fw15 FUTr 2021 2020 2(a) Voknknry I￿￿￿e annEd Gmng irdu(kng tax 17225 17225 IW5 513 SOA33 34.[￿13 thurth ratt 53kn35 34.555 311 IC6226 35.037 311 106.rn 101984 Rontal IrKDrn￿ . Hn d ￿rth and Owh hal IL131 12.131 Net Fees. ljlast in TcNer thurth yad tréethang IKerKt (St C*Y> 17.195 10.964 17.195 10.%4 11033 40th1 29A15 18.225 18.225 18.949 I8.￿9 20.597 20.597 260 165340 742 166.Y6 153a96 3. EXPENDTnJRE 31a) thwch Acti¥ 75AXI 18.279 75.6(Kl 18.279 75.600 26x117 18.587 I.￿7 2n 35m5 I.￿7 2r2 35M5 -120 31523 GAnt tn St Kathanrn thLrth Bawker ar￿ charty 230 250 154,566 250 Is4￿16 156,287 3{b} of Volurht¥y JKorn• 3{d} C0515 1280 2.280 iioo 158h46 250 158m6 161.787 29

Parochial Church Council of St Olave. City of London Notes to the financial staten￿ntS for the year ended 31 Deceniber 2021 4(a) T￿Ible TOTAL TOTAL 2020 At l January 2021 17,395 7.627 23,895 7.627 23,895 At 31 Decvnbw 2021 25,022 31,522 23,895 At l Jarwry 2021 17,395 1.907 23,895 23,895 At 31 Der￿b￿ 2021 19.302 25,￿12 23,895 Net Btxlk Value At l January 2021 31 December 2021 5.720 5.720 2021 2020 m￿et Value l J•nuwy 2021 513,414 460.0 973,414 956,594 Disp)sals 56,349 349 16,820 569.763 460.C￿ 1.029.763 973.414 5. ￿ToRs TOTAL TOTAL 2021 2020 1949 21996 LI9￿ & Heab"ng clwrth &¥WirwJ Hi HMRC- PAYE 12.033 1106 1.477 17.372 3.￿7 31.519 37.428 30

Parochial clwrch 01 st Olav* City of LoDd Note5 to the financial statements for the year ended 31 December 2021 TOTAL TOTAL 2021 2020 L227 Z2SD 715 10.497 10.516 A911 3.911 61J (2SOI 84S 193 742 (2SOI 227 clr I4.￿5 249 812 011 624 032 18.279 26.017 31

Notes to the financial statements for tht ended 31 De￿ndler 2021 23,￿ 24,720 693 742 23.847 32

Safeguarding Report 2021

The PCC takes safeguarding seriously and has adopted the London Diocese Safeguarding policy.

In accordance with the House of Bishops’ Policy Statements ‘Promoting a Safer Church’ (2017) and ‘Protecting All God’s Children’ 4th edition (2010) and the Diocesan Safeguarding Policy ‘Promoting a Safer Diocese’ (2018) the PCC agreed to commit to:

The safeguarding of\icer keeps up to date with issues in the Church of England and the local communities via a safeguarding Newsletter and press releases sent by the Diocese. Safeguarding is a standing item on the agenda of the PCC and the F&GP.

At the PCC meeting on 21st June 2021 the PCC agreed and signed the Safeguarding policy. Penny Ritchie Calder the Children’s Advocate and DBS administrator. Huong Hoang continues to support the administration of the central record and is based at the Parish of\ice.

DBS

Penny Ritchie Calder administers the DBS process. The PCC follows the safer recruitment guidelines. All information regarding DBS is held con\identially and remains private, in a designated safe.

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Training requirements

Safeguarding training records have been updated. Certi\icates and completion dates are now held at a central record. There are three levels of training that have been identi\ied for PCC members, all delivered online by the Church of England. All PCC members are expected to complete the foundation course (C0), church wardens, safeguarding of\icer and children’s advocate are expected to complete the C0 as well as intermediate course. Clergy and lay ministers attend the leadership course.

The safeguarding team at the London Diocese have introduced a new online learning portal which I can access. The Safeguarding Parish Portal has also been introduced which will be updated in May 2022.

Safeguarding Concerns

There have not been any safeguarding incident/concerns reported since the last AGM.

Rina Wood - May 2022 Safeguarding ofaicer

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Lunchtime Recitals Report 2021

In 2019 the Bösendorfer grand piano underwent a complete structural overhaul consisting of replacing hammers, dampers, felts, leathers and making good the keyboard and keybed. It was returned to the church in early 2020, just before the pandemic started, which meant that it had to remain unplayed for long periods of time. However this year we have all been able to appreciate its unique sound to the full.

As a result of the second lockdown lunchtime recitals did not start up until 19th May 2021. However, we still managed to \it in nearly 50 recitals during the remainder of the year. Social distancing and the wearing of masks remained in place throughout that period and the hunger for live music was apparent in that we had a practically full house (in keeping with government guidance) for most recitals.

Musicians were also very appreciative of our efforts, having experienced a particularly dif\icult time during the pandemic.

Audiences were particularly generous with their donations during our much curtailed year and we were able to raise over £3,300, after payments to the musicians.

Michael Gammie - May 2022 Lunchtime Recitals Manager

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Community and Charities Report 2021

In 2021 our parish community and congregation continued to "do good together" by donating items and clothing that were distributed via charities including The Hygiene Bank, Suited & Booted and Dress for Success.

Working with the Corporation of London, local businesses and our church community here at St Olave’s, we were involved with:

“We are immensely grateful for this dona4on. Prior to the pandemic, we were seeing around 2,000 clients a year and now that things are easing, we are ge=ng very busy again. Your dona4on will help Suited & Booted to change the lives and prospects of our vulnerable clients and enable us to get them into the world of work. ”

Dr Maria Lenn, Chief Execu4ve of Suited & Booted

All of us in the City can make a difference.

Rev’d Arani Sen - April 2022 Rector

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Mission Action Plan (MAP) 2022

Work in progress

Our Mission – what are we about?

St Olave’s Church is one of the few surviving mediaeval buildings in London encompassing a rich history and many links to historic City organisations. This is our mission; we are called to be:

A sanctuary:

A place of grace:

A wellspring:

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St Olave Hart Street 8 Hart Street London EC3R 7NB www.saintolave.com

Registered Charity Number 1130893

2022