## **ST MICHAEL & ALL ANGELS LONDON FIELDS with ST PAUL’S HAGGERSTON** # **ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2020** Registered Charity Number 1130974 ## **CONTENTS:** ||**Page**| |---|---| |**Administrative details of the Charity, its**|2| |**Trustees and Advisers:**|| |**Trustees’ Report:**|3–6| |PCC Structure, Governance and Management|3| |Review of Activities|4-6| |**Finances:**|7-13| |Statement of the PCC's financial responsibilities,|7| |Review of financial position and Reserves policy|| |Independent Examiner's Report|8| |Statement of financial activities|9| |Balance sheet|10| |Notes to the accounts (including accounting policies)|11-13| 1 ## **ADMINISTRATIVE DETAILS OF THE CHARITY** **Charity Name:** The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels London Fields with St Paul's Haggerston (‘the PCC’) ## **Registered Charity Number:** 1130974 **Members of the PCC (Charity Trustees):** The members of the PCC who served during the year were: Chair _(ex officio):_ The Revd Daniel Gerrans, Vicar Curate _(ex officio)_ : The Revd John Irwin Churchwardens _(elected for one year at the Annual Meeting of Parishioners, and ex officio members of the PCC provided they are actual communicants whose names are on the electoral roll of the parish):_ Jimmy Asakes and Lily Ejeka. Lay members of Hackney Deanery Synod _(elected for terms of 3 years, and ex officio members of the PCC provided their names are on the electoral roll of the parish):_ Savitri Maitreyi Maria Hensman, Garofina Voichita Morton and Cathie M Smith. Elected representatives of the laity _(elected for terms of 3 years on a rotation basis, one third retiring and being elected each year):_ John Agyemang, Frank Boateng, Gillian Boateng, Elizabeth Bower, Maggie Hamand LLM, Richard Jarrett (ViceChair), Matthew Marques (Treasurer), Godwin Ogholo, Bill O’Loughlin, Darren Skidmore, Katrina Stewart (Secretary) and Esther Unachukwu. ## **Church address:** Lansdowne Drive London E8 3ER ## **Correspondence address:** 97 Lavender Grove London E8 3LR ## **Independent Examiner:** David Parker FCA, Partner Sterlings Accountancy Solutions Ltd, Chartered Accountants Unit 5 Woodbrook Crescent Billericay Essex CM12 0EQ ## **Bankers:** National Westminster Bank plc 20 Amhurst Road London E8 1QZ ## **Church Architect:** Jon Bolter BA BArch RIBA AADipCons AABC Rees Bolter New North House 202 New North Road London N1 7BJ 2 **TRUSTEES’ REPORT** The PCC presents its Report and Accounts for the year ended 31 December 2020. St Michael & All Angels London Fields with St Paul’s Haggerston (‘the Parish’) is the Church of England (Anglican) Parish Church for London Fields, Hackney, London E8. The Accounts have been prepared in accordance with the accounting policies set out on page 12 below and comply with the PCC’s governing documents, applicable laws and the requirements of the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS 102)). ## **PCC STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Documents** The PCC is governed by two pieces of Church of England legislation, called Measures. These are: - The Parochial Church Councils (Powers) Measure 1956 as amended (‘the 1956 Measure’).[1] - The Church Representation Rules, contained in Schedule 3 to the Synodical Government Measure 1969, as amended (‘the CRR’).[2] ## **Charitable status, purposes and activities** The PCC is registered with the Charity Commission. Its primary charitable purpose is the advancement of the Christian religion within the parish. Under section 2(2) of the 1956 Measure, as amended, this purpose includes the following functions: - _(a) co-operation with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical;_ - _(b) the consideration and discussions of matters concerning the Church of England or any other matters of religious or public interest, but not the declaration of the doctrine of the Church on any question;_ - _(c) making known and putting into effect any provision made by the diocesan synod or the deanery synod, but without prejudice to the powers of the council on any particular matter;_ - _(d) giving advice to the diocesan synod and the deanery synod on any matter referred to the council;_ - _(e) raising such matters as the council consider appropriate with the diocesan synod or deanery synod;_ - _(f) appointing sidesmen (who are also known as assistants to the churchwardens)._ The PCC’s activities include: - Regular public worship open to all. - The provision of sacred space for personal prayer and contemplation. - Pastoral work, including visiting the sick and bereaved. - Teaching Christianity through sermons, courses and small study groups. - Taking religious assemblies in the parish primary school, St. Paul’s with St Michael’s School. - Providing services to the community, especially through the church hall and hosting visits by community schools to the church. PCC members are charitable trustees, so all the provisions of charity law apply to their corporate responsibilities, financial management and decision making, as explained in guidance of the General Synod’s Legal Advisory Commission at http://www.sjp.org.uk/uploads/1/6/5/7/16572376/legal_position_of_pcc_members_final.pdf. Its members have complied with their duty to have due regard to the Commission’s public benefit guidance[3] when exercising any powers or duties to which the guidance is relevant. > 1 The full text of the 1956 Measure, before the addition of paragraph (f) by the Church Representation and Ministers Measure 2019 Schedule 2 paragraph 10 (see http://www.legislation.gov.uk/ukcm/2019/1/schedule/2/paragraph/10#schedule-2-paragraph-10-2) is available on the Statute Law Database at http://www.legislation.gov.uk/ukcm/Eliz2/4-5/3/contents. > 2 The CRR were replaced by the Church Representation and Ministers Measure 2019 section 1 and Schedule 1 (see http://www.legislation.gov.uk/ukcm/2019/1/section/1). The text of the rules as currently in force is available online at https://www.churchofengland.org/more/policy-and-thinking/church-representation-rules. > 3 Comprising: _Public benefit: the public benefit requirement (PB1)_ : https://www.gov.uk/government/publications/public-benefit-the-public-benefitrequirement-pb1; _Public benefit: running a charity (PB2)_ : https://www.gov.uk/government/publications/public-benefit-running-a-charity-pb2; and _Public benefit: reporting (PB3)_ : https://www.gov.uk/government/publications/public-benefit-reporting-pb3. 3 **REVIEW OF ACTIVITIES** **Annual Report for 2020 on the proceedings of the PCC and the activities of the parish generally** _**(as required by Rule M5(1)(b) of the CRR)**_ ## **Mission during the year** The task of furthering _in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical_[4] belongs not just to the PCC but to all church members. The PCC’s special function is to provide leadership in order to _promote_ that mission. The following Report summarises the main activities undertaken by the PCC to carry out its charitable purposes for the public benefit, and its main achievements,[5] in a year in which the Coronavirus (COVID-19) pandemic and associated lockdowns inevitably had a significant impact, in common with other Parishes. ## **(1) The proceedings of the PCC** In addition to the church’s core role of offering public worship of, and witness to, God as revealed to humanity in Jesus Christ, in order more effectively to promote in the parish the church’s _‘whole mission’_ , the PCC periodically identifies specific objectives which are distilled in a Mission Action Plan (MAP) and at each of its full meetings reviews progress in achieving them. In 2020 the PCC formally met 4 times (2 of them remotely via Zoom conference calls) and conducted some of its business through Committees and, during lockdowns, utilising the written resolution procedure under Rule M29 of the CRR. The table below lists the goals set in the current MAP and the progress in achieving them by the end of the year. |**St Michael & All Angels London Fields Mission Action Plan 2018-2021**|**St Michael & All Angels London Fields Mission Action Plan 2018-2021**|Approved by the Parochial Church Council 17/11/17 and 31/1/18, revised 10/7/19 and 27/11/19|Approved by the Parochial Church Council 17/11/17 and 31/1/18, revised 10/7/19 and 27/11/19| |---|---|---|---| |**Vision:**|Being **_Open to God, open to all_** means being passionate a|bout:|| |•loving and serving God|||| ||
in joyful, reverent, orderly, welcoming, creative and imaginative worship||| |
•loving neighbour by|||| ||
•being a community where all are known and valued||| ||
•sharing the Good News of God's love||| ||
•being agents of the new creation through service, creativity, growth and development||| |**Action:**|In addition to what is already happening, we aim to:||| |**What**|**How**|**Who**|**Progress at end of 2020**| |Strengthen our
ministry with
**Children and**
**young people,**
including by|o continuing torecruit andtrain layleaders|Childrenand Youth Ministry|_Ongoing: largely on hold due to COVID-19_| ||o pending an opportunity arising to recruit a youth
worker, developing Youth Group in collaboration with its
members, support and equip existing leaders and recruit
new ones|Children and Youth Ministry
Team|_Possibility of Sessional Youth Worker explored Aut 18,_
_not currently an option; variety of one-off activities_
_instead e.g. Psalm Drumming; objective revised by PCC_
_10.7.19 in light of Cathie Smith research and_
_Youthscape training attended by Daniel Aut 19;_
_Saturday Youth Club launched Feb 20, continued via_
_Zoom meetings during lockdown_| ||o in collaboration with other local parishes and
ecumenical partners, supporting development of XLP’s
work in the parish and Borough|Support Group: Vicar, Sean
and other(s) to be recruited|
_Ongoing: Mabel Anyiam and Sean Gubbins participating_
_in Support Group; PCC agreed 10.7.19 to continue_
_funding support for a further year; situation following_
_lockdown tbc_| |Strengthen our
**Pastoral Care**and
**Community**
**Outreach**by|o befriending and supporting the Syrian refugee family
who recentlybecame tenants of the church flat|Vicar, Condaisy Tidman and
Cathie Smith|_Ongoing; new gate installed at their request April 19_| ||o exploring new means of community outreach|Savi to explore CUF and other|_Data provided to PCC 29.1.20; to be considered as_
_part of planning for next MAP_| ||o developing St Michael’s link with ALMA (London
Diocese’s links with Anglicans in Angola and Mozambique)|Vicar initially, aim to recruit
laycoordinator|
_20th anniversary service at St. Paul’s Cathedral_
_attendedJul 18_| |Improve our
**Church Building**
by upgrading|o Sound system in church|Working Group (task now
complete)|_Completed Oct 2018; during COVID in 2020, adapted_
_‘ad hoc’ to need to livestream, but more_
_comprehensive upgrade desirable_| ||o Narthex (the church entrance)|Vicar and Richard Jarrett|_Achieved: work carried out Jun 2018, from Sept 2018_
_public access enhanced by leaving outer glass doors_
_open during daylight hours_| ||o Lightingthroughout|Vicar and RichardJarrett|_Achieved: work carried out Feb-Mar 20_| |Strengthen our
**Resilience,**
including|o making contingency plans for temporary or permanent
loss ofpeople in keyroles|PCC|_Ongoing: Contingency planning and resilience list_
_reviewed annually inJanuary_| ||o implementing those plans by recruiting and training
additional volunteers|As specified in the
Contingency planning and
resilience list|_Ongoing_| |**Review**this Mission|Action Plan regularlyand where appropriate update it|PCC|_Ongoing_| As part of its function, the PCC also controls the parish’s financial resources and accounts for its stewardship of them in its annual financial statements, which are presented pursuant to Rule M5(1)(c) of the CRR. 4 Section 2(2)(a) of the 1956 Measure. 5 As required by Regulation 40 of the Charities (Accounts and Reports) Regulations 2008 (see http://www.legislation.gov.uk/uksi/2008/629/regulation/40/made). 4 ## **(2) The activities of the parish generally** As noted above, COVID-19 affected every aspect of the Parish’s life, but even so we were able to sustain our common life and mission in the ways summarised below. ## **Public worship** While public worship in church was suspended during the lockdowns, services were livestreamed and worship shared via Zoom from participants’ homes, initially just on Sundays and, from the Summer onwards, also on Thursday evenings. Livestreaming continued while public worship in church resumed, for the benefit of those preferring to remain at home for shielding or other reasons. Incidental benefits have included a widening of participation in leading worship and offering pastoral care, and a deepening of relationships between congregation members. Those unable to connect digitally were supported by weekly service sheets and news bulletins delivered to their homes. ## **Pastoral Care, Nurture and Outreach** Overall responsibility for pastoral care lies with the Vicar, who during the year received valuable help and support from (in particular): _the Revd John Irwin_ (Curate); _David Carr_ and _Maggie Hamand_ (Licensed Lay Ministers); _Godwin Ogholo_ (Commissioned Pastoral Assistant); and _Jimmy Asakes_ and _Lily Ejeka_ (who served as Churchwardens during the year). Major areas of pastoral care, nurture and outreach included the following: - (a) **Adult education and spirituality:** During _Advent_ a short study course on the theme of _Exile in the Bible and how it relates to our lives today_ , led by Maggie Hamand LLM, was well received. - (b) **Children and Youth Ministry:** COVID-19 affected this severely. Christian Summer camps, cancelled due to the pandemic, were particularly missed. Nevertheless ministry with children and young people was sustained in several ways: - _Youth Ministry_ continued, with regular Youth Group Zoom sessions led and supported by Peter Agbon, Gillian Boateng, Mabel Anyiam and Cathie Smith. - During lockdowns, _resources for worship and nurture at home_ were offered online for members of _All Stars_ (our children’s groups of primary school age and below). - During the Summer, _surprise parcels_ were distributed to children, youth and families connected with the church, thereby helping to maintain contact. - Our strong relationship with _St Paul’s with St Michael’s CE Primary School_ (‘SPWSM’) continued, with recorded assemblies, services in church as usual until lockdown and a course on the Christian faith for Year 6 pupils, and during the year 4 members of the congregation and the Vicar served as Governors. - St Michael’s in collaboration with ecumenical partners continued to fund and support a Borough Leader for the Christian detached Youth Work charity _XLP_ https://www.xlp.org.uk/, whose vision is _‘creating positive futures for young people’_ . - (c) **Christmas:** Although our annual Carol Service could not be held this year owing to social distancing and restrictions on singing, the opportunity was taken to sing carols out of doors, in well-received events for the communities in _Lavender Grove_ (one of the streets on which the church building is situated) and _Blackstone Estate_ , as well as for passers-by from the church front garden before Midnight Mass on Christmas Eve. - (d) **Occasional offices:** During the year 5 _baptisms_ took place, 7 people were prepared for _confirmation_ (1 adult and 6 young people from SPWSM; the confirmation service had been planned for November but had to be deferred to 2021 due to the second lockdown) and Parish clergy officiated at 6 _funerals_ . - (a) **Racial justice and diversity:** Prompted by the _Black Lives Matter_ movement, and with support from a steering group comprising Jimmy Asakes, Dave Carr, Lily Ejeka, Maggie Hamand, Savi Hensman, Godwin Ogholo as well as parish clergy, we began a conversation about how as Christians we can work to make racial justice a reality, in the church and the world. - (b) **Safeguarding** : With valuable support from our _Parish Safeguarding Officers_ , Dorian Stewart and Samantha O’Loughlin, PCC has sought to comply with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. In particular, during the year it completed and submitted to the Diocese of London its annual _Parish Safeguarding Self Audit_ , received regular reports from its _Safeguarding Officers_ and continued to seek to adhere to safer recruitment practices in relation to individuals working with children and vulnerable adults and other relevant guidance issued by (1) the National Church (see https://www.churchofengland.org/more/safeguarding/templates-resources, particularly the Parish Safeguarding Handbook https://www.churchofengland.org/sites/default/files/201910/ParishSafeGuardingHandBookAugust2019Web.pdf, the House of Bishops’ guidance _‘Promoting a Safer Church; Safeguarding Policy Statement’_ https://www.churchofengland.org/sites/default/files/201712/PromotingSaferChurchWeb.pdf and _‘Practice Guidance: Safer Recruitment’_ produced in 2016 and subsequently updated, see https://www.churchofengland.org/sites/default/files/201711/safeguarding%20safer_recruitment_practice_guidance_2016.pdf) and (2) the Diocese of London (downloadable at https://www.london.anglican.org/support/safeguarding/safeguarding-policy/), including completing and regularly reviewing activity risk assessments for all children’s activities. - The PCC records its gratitude to the individuals mentioned above. 5 ## **Ecumenical** For the 8[th] year running, during the _Week of Prayer for Christian Unity_ (18-25 January) St Michael’s joined 7 other local churches or worshipping communities of 5 different denominations in hosting services in different local places of worship each day, and during Lent (until prevented by the first Coronavirus lockdown) participated with other churches in South Hackney in an _Ecumenical Lent Course_ . Also, St Michael’s and our neighbours at _Hackney Methodist Church_ in Mare Street have continued our collaboration in response to the Anglican-Methodist Covenant signed in 2003 by the - then Archbishop of Canterbury and the President of the Methodist Conference (http://www.anglican methodist.org.uk/full-text-of-the-covenant/), with members of St Michael’s joining Hackney Methodist Church for their annual Covenant Service in January and members of Hackney Methodist Church coming to St Michael’s for our Patronal Festival (St Michael & All Angels). ## **Maintenance and improvement of the Church Buildings** In the Spring, a long-cherished project to upgrade the _lighting_ throughout the church premises with LED units was realised, increasing the church’s energy efficiency and enhancing the interior of the church building with stunning Halo lights. The PCC gratefully acknowledges a grant of £2,500 from _Allchurches Trust_ towards the costs of this project. Following completion of the lighting upgrade, the interior of the church was redecorated as part of cyclical maintenance. Minor repairs and routine maintenance were also carried out in accordance with the PCC’s annual maintenance plan. Further details are contained in the separate fabric report under Rule M5(1)(d) of the CRR. The PCC records its gratitude to the Churchwardens for their work in maintaining the fabric. ## **Social, community and environmental engagement** During 2020, many of our much-loved community events had to be cancelled due to COVID-19, including St Michael’s annual _parish barbecue_ and _Christmas Fete_ , but other activities were able to go ahead: - (a) Until the first lockdown in March, as in previous years, under St Michael’s _Open Church_ programme, the church building, which is listed (Grade II) and a beautiful sacred space, was open to visitors and the wider community most Wednesdays in furtherance of the church’s mission to be _Open to All_ . After lockdown restrictions were eased in June to enable the church to reopen for private prayer, we were able to do this most mornings and some afternoons during the Summer, reducing to Wednesdays, Thursdays and Sundays in the Autumn, briefly interrupted by the second lockdown in November. I record the gratitude of the PCC and church membership to the volunteers who acted as stewards, ensuring the church was ‘COVID-safe’ for visitors. - (b) Collections were made for: - _Wheels for Climate Change Emergencies (the 2020 Diocesan Lent Appeal):_ a collection of money to support our sister Dioceses in Angola and Mozambique through ALMA, our Diocesan link, by helping them buy new vehicles to enable the Bishops respond to climate change emergencies, such as the drought in Angola and the floods in Mozambique, by offering pastoral support and delivering vital relief supplies; and - _Hackney Foodbank_ in Lent, during the Summer and at Harvest _:_ collections of tinned food and other long-life goods to support families and individuals in crisis. St Michael’s also continued its regular donation of £50/month to the Foodbank. - (c) The letting of the Church Flat to a refugee family from Syria, completed in 2017, continued during the year. _St Michael’s Church Hall_ continues to be an important asset in our Social and community engagement. Benefiting from a fully-equipped kitchen, Wifi, disabled access and WC facilities for wheelchair users, it is a valuable community resource for hire by community groups wishing to operate in London Fields. Though use largely ceased after the first lockdown, the kitchen was used by _Haggerston Mutual Aid Group_ , a community run neighbourly support network, to prepare cooked meals for distribution to local families in need. After lockdown, we welcomed some new users, including _Perform Workshops_ (Children’s drama classes), _Slimming World_ and a _Playgroup/Book club_ for Japanese speaking children. Other groups who used the Hall during 2020 included: the 8th Haggerston (St. Michael’s) Rainbows, Brownies and Guides _(strongly connected to the church)_ ; Hackney Winter Nightshelter _(operated by a separate Charity, Hackney Doorways, and supported by several church members as well as many volunteers from the wider community, offering food and shelter to 25 guests in a different church in the Borough each night of the week during the winter, until interrupted by the March lockdown. In a development accelerated by Coronavirus, during 2020 the Nightshelter moved to a different delivery model which no longer involves the use of church halls as dormitory accommodation for guests, so 2020 proved to be its last ‘season’ using the Hall)_ ; Moving Shadow Karate Club; His Grace Gospel Ministry Church, Hackney; House of Prayer Church, Hackney; and a local Tenants and Residents Association. The Hall is also used as a polling station, for children’s parties and for meetings of cultural and community organisations. In response to the General Synod’s resolution in February 2020 calling on parishes to work towards net zero carbon emissions by 2030, the PCC in July approved the conclusion of a new 100 per cent green dual fuel contract. Completion of the switch was delayed, as it was first necessary to terminate existing gas and electricity supply contracts, one of which ran until February 2021. The new energy-efficient lighting installed during 2020, as reported above, should also reduce the church’s energy consumption. _The Revd Daniel Gerrans, Chair, for and on behalf of the Parochial Church Council_ _7 March 2021_ 6 ## **FINANCES** ## **Statement of the PCC's financial responsibilities** Charity law requires the PCC to prepare accounts for each financial period which give a true and fair view of the charity's state of affairs at the end the year and of its income and expenditure for the year. In preparing those accounts, the PCC is required to: - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that it will continue in its activities. The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the entity and to enable them to ensure that the accounts comply with the Charities Act 2011 and other relevant legislation. It is also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Review of financial position** The results for the year and financial position are set out below. These include a distinction between the Building Development account and the Church current account. The PCC thanks all who have contributed in any way to church funds, especially those giving regularly through stewardship programmes, which have enabled the Parish to remain financially resilient and in particular sustain its commitment to contribute to the Diocesan Common Fund. ## **Reserves policy** Reserves are held for the furtherance of the PCC’s charitable objects, including as provision for significant unexpected but necessary expenditure. Approved by the PCC and signed on its behalf by: _The Revd Daniel Gerrans, Chair, for and on behalf of the Parochial Church Council 7 March 2021_ 7 ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON Independent Examiner's report to the members of Parochlal Church Councll (PCC) RMpon•lbllltl•$ Ind b411* of r•port of thg charrt￿ Act X111 (the kll. I retx)rt in respect of my examinalxx) of ￿ accounts ca￿led (xrt ￿KIe[ sectKX) 145 of the 2011 Act and in catrying (Mrt my examinakn I have frAkA%Ed dl the th"redKmS by Ihe Chanty uNler sect￿￿ 14515Xb) (rfth8A£t. Independent Examlnerfs st•t•m•nt I have c(thled ry examinalKm I ￿fim7 Ihal rm) ￿le[la1 have to attenkn m C(￿neCkn wth the exanWn8tsc￿ gwing cal￿8 to b￿￿ve that In any rTh9tenal rw.. 1. 8ccountsThJ rec(xds fK)t kept as r&Wir￿1 by sth 130 of Ihè fv£t" cf e 8 ￿0¥￿IeS det811s of th& flat *tMd) is ty tho PCC.. rt t*s a VabJ8bC￿ of £3LK).(￿) and has I have no other concems 8ThJ have ￿0$S rn other nwtters in c(￿nect￿ With ihe examinati(￿ lo attentson sfM)Lld bè dr8*T) In Ihts In (*d8r lo enth urKknst&M*ng ol thè 8cciy￿ts lo bè rgached. Day￿ Parker FCA Sterfings Accounlary Ltd Chartered Accountants ## **ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON** ## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020** |**INCOME**
**Donations, legacies and grants**
Church collection
Freewill offerings
Donations and gifts
Charitable collections
Grants received
Income tax refund
**Other activities**
Rent
- church and hall
- flat
Fees
Fetes and events
Other income
**Investment income**
Interest and increase in value of fund assets
**Total incoming resources**
**EXPENDITURE**
London Diocese (Common fund)
London Diocese (Fees)
Staff expenses
Youth work expenses
Music and organist
Repairs and refurbishment:
Church
Flat
Garden
Vicarage
Insurance and security
Gas and electricity
Water rates
Cleaning
Consumables
Stationery, books and advertising
Telephone and internet
Social events
Independent Examiners fee
Charity and gifts (from general funds)
Charity and gifts
**Total expenditure**
Transfer between funds
**NET MOVEMENT IN FUNDS**
**FUNDS brought forward**
**FUNDS carried forward**|2020
2019
Unrestricted Restricted Restricted
Restricted
Total
Total
Funds
Grants Building fund Trust fund
Funds
Funds
£
£
£
£
£
£
3,066
3,066
8,544
28,606
28,606
28,837
1,540
200
250
1,990
6,248
162
371
533
1,027
1,477
2,000
3,477
5,483
7,602
7,602
9,702
7,976
7,976
14,054
15,835
15,835
17,696
51
398
449
1,294
-
2,178
226
226
13
74
14
6,495
6,583
11,846
**66,615**
**2,969**
**264**
**6,495**
**76,343**
**106,922**
48,000
48,000
46,500
398
398
586
1,110
1,110
529
255
300
555
4,635
1,845
1,845
5,705
10,667
27,478
38,145
7,333
970
970
2,925
-
1,444
-
1,565
4,760
4,760
4,307
2,148
2,148
2,437
318
318
891
151
151
870
861
861
1,314
615
615
1,105
677
677
516
-
197
960
960
-
799
467
1,266
1,960
371
371
250| |---|---| ||**74,136**
**1,536**
**27,478**
**0**
**103,150**
**85,069**
(1,000)
1,000
-
-
**(8,521)**
**2,433**
**(27,214)**
**6,495**
**(26,807)**
**21,853**
**86,502**
**6,577**
**27,214**
**63,493**
**183,786**
**161,933**
**77,981**
**9,010**
**0**
**69,988**
**156,979**
**183,786**| 9 ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON BALANCE SHEET as at 31 De¢wnb•r2020 k*e 2CQO 3)19 Current as*ts Irwestmerts- Trust FuTrJ 69.9 63,WJ Current awts Cash a103nk, 88,8 121,759 Oetécrs 20D) Tovjl ￿￿enta￿&t$ 90,8 125,759 Credi￿rS amounis lalling due Voithln one ymr .8 Net ￿￿ent as*ts 8fi 991 11),￿3 Toljl nel JgJ8t$ 156, 979 183, 786 Funds Un[e￿n￿&d Funds 77.981 Rexrtaed Fund$ Lknspert 0￿￿¢$ Vlcarage ¢*C￿3￿0n AJTrJ Buldng Fun(1 Trust FLnd Totsl lund# 1210 5,80) 27. 214 63 493 183 699 156 979 These XCO￿l$w￿e awo*d ty the PCC aTrJ on rts tthaf ty The Rèwj GWT the Parfxhia thjrch Cojndl 27 JaryJJy 2￿21 10 ## **ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON NOTES TO THE ACCOUNTS** ## **1 Accounting policies** ## **1.1 Basis of preparation** The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with FRS 102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS 102)). The financial statements are prepared under the historical cost convention, except for investments which are shown at market value. The financial statements are prepared in £ sterling rounded to the nearest £. ## **1.2 Income recognition** Income represents amounts received from freewill offerings, church collections and donations, and other sources of income from specific church activities, which are recognised as follows: - Collections and other giving are recognised when received; - Donations and grants are recognised when received unless a specific pledge or contract has been received; - Income tax recoverable on Gift Aid is recognised with the relevant income; - Funds raised by the fete and similar events are recognised when received; - Rental income from the rent of the church premises is recognised when due; - Investment gains or losses are recognised at the year end. ## **1.3 Expenditure** All expenses are considered as charitable expenditure, being the costs incurred directly and indirectly in the delivery of its charitable purposes. Expenses are recognised when the liability is incurred. ## **1.4 Unrestricted/restricted funds** Unrestricted funds represent the funds of the PCC which are not subject to any restrictions regarding their use and are available for the general purposes of the PCC. Restricted funds are to be used for specified purposes as laid down by the donor. Direct expenditure which meets these criteria are assigned to the funds. ## **1.5 Cash** Cash includes cash held at banks in current and deposit accounts, and cash in hand.; it is a basic financial asset under FRS102. ## **2 Investments** The investments are held in shares in the CBF Church of England Investment Fund and are included at market value. 11 ## **ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON** ## **NOTES TO THE ACCOUNTS** ## **3 Debtors** |Income tax recoverable
**4**
**Creditors: amounts falling due within one year**
Accruals|2020
£
2,000
2,000
2020
£
3,835
3,835|2019
£
4,000| |---|---|---| |||4,000| |||2019
£
5,465| |||3,615| ## **5 Restricted Funds** Restricted funds comprise: ## **Grants received** Grant income received for specified purposes has been allocated to restricted funds. The PCC gratefully acknowledges grants received during the year from the **Hackney Parochial Charities** for relief of individuals in need. ## **Building Fund** The Building Fund was set up to raise funds for projects to redevelop and improve the church premises, most recently major improvements to the church lighting in 2020, which were managed by St Michael’s Building Committee, a committee of the PCC. The PCC gratefully acknowledges grant funding received from Allchurches Trust, and many donations by individuals, which contributed towards the cost of improving the church lighting. Following completion of the lighting project, the Building Fund and Building Committee have been wound up with £0 funds remaining. ## **Trust Fund** The Trust Fund comprises the balance of the proceeds of the sale of church premises sold in 1986 and the use of both capital and income is restricted to any ecclesiastical purpose within the parish, in accordance with the Parochial Church Council (Powers) Measure 1956. The PCC has adopted a policy to designate the use of the Trust Fund as follows: until further resolution and where possible: (i) capital should be preserved; (ii) future income should be reinvested as an accretion to capital; and (iii) the Trust Fund should be used for capital (not revenue) expenditure which will make or contribute to a lasting improvement to the church or hall. ## **Vicarage Repair Fund** Funds are transferred into restricted funds to provide for the future redecoration of the Vicarage. 12 ## **ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON** ## **NOTES TO THE ACCOUNTS** ## **6 Net assets attributable to the funds** |Fixed assets
Investments
Current Assets
Cash
Debtors
Current liabilities
Net assets represented by funds|Unrestricted Restricted
Total
Funds
Funds
Funds
£
£
£
-
69,988
69,988
78,816
10,010
88,826
2,000
-
2,000| |---|---| ||80,816
79,998
160,814
(2,835)
(1,000)
(3,835)| ||77,981
78,998
156,979| ## **7 Benefits in kind to community groups** During the year St Michael’s has allowed certain community groups to use church and hall space free of charge. These groups included The 8th Haggerston Rainbows, Brownies and Guides; and the Hackney Winter Nightshelter. Had rent been charged at the normal rates, prior to COVID this would have amounted to £6,000 (2019 £6,000). ## **8 Related party transactions** During the year Dave Carr, who was a member of the PCC until 29 March 2020, was paid £1,013 for work on the premises and garden. ## **9 Other Assets** ## **Church flat** The PCC undertakes the management of the flat and has the benefit of the rental income. The flat is part of the premises and like the rest of the building it is owned by the London Diocesan Fund. The rental from the flat is recognised as income when it becomes due. The balance sheet does not include a value for the flat. It is valued at £300,000 (2019 £300,000). 13