2021-12-31-accounts

ST MICHAEL & ALL ANGELS LONDON FIELDS with ST PAUL’S HAGGERSTON

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

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	4-7
Finances:	8-14
Statement of the PCC's financial responsibilities,	8
Review of financial position and Reserves policy
Independent Examiner's Report	9
Statement of financial activities	10
Balance sheet	11
Notes to the accounts (including accounting policies)	12-14

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 (until 17.4.21)

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 (until 27.1.21), Elizabeth Bower, Maggie Hamand LLM, Richard Jarrett (until 21.3.21), Matthew Marques (Treasurer), Godwin Ogholo, Bill O’Loughlin, Darren Skidmore, Devon Stewart (from 21.3.21), Katrina Stewart 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 2021.

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 2021 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. This Report summarises the main activities undertaken by the PCC to carry out its charitable purposes for the public benefit, and its main achievements,[5] during a year in which, in common with other Parishes, the Coronavirus (COVID-19) pandemic continued to have a significant impact.

(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 2021 the PCC formally met 8 times, on each occasion remotely via conference calls, also conducting some business through Committees and utilising the written resolution procedure under Rule M29 of the CRR. The table below lists the goals set in the MAP in force during the year and the progress in achieving them by the end of it.

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 imagina	tive 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, creativit	y, growth and development
Action:	In addition to what is already happening, we aim to:
What	How	Who	Progress at December 2021
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; weekday Zoom meetings during lockdown; monthly in-person meetings resumed monthly on All Age Sundays Apr 21
	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, 2019-2020, and 18.11.20 (as part of budget approved for purposes of deciding Common Fund offer 2021) at reduced rate of £1k pa for 2020 and 2021, both paid
Strengthen our Pastoral Careand Community Outreachby	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	Data provided to PCC 29.1.20; considered Oct 21 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
Reviewthis Mission	Action Plan regularly and where appropriate update it	PCC	Ongoing; 23.10.21 planning afternoon held; 17.11.21 PCC agreed recommendations; draft new MAP to be submitted to PCC 26.1.22for approval

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).

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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 separately pursuant to Rule M5(1)(c) of the CRR.

(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 worship, common life and mission in the ways summarised below.

Public worship

In light of high levels of COVID-19 infections, hospitalisations and deaths at the beginning of the year, and in response to appeals by the Mayor of London and others, on 10 January the PCC reluctantly decided to suspend public worship in church for the time being, subsequently deciding to resume from 7 March, coinciding with the reopening of schools. During the suspension, Sunday services were livestreamed and worship shared via Zoom from participants’ homes, as during the lockdowns in 2020. As in 2020, livestreaming continued after public worship in church resumed, for the benefit of those preferring to remain at home for whatever reason, and some of those unable to connect digitally continued to be supported by weekly bulletins delivered to their homes. Services continued to be enriched musically by St Michael’s Singing Group, joined as from the Autumn by our Choir, which sang anthems for All Souls, Remembrance and our Christmas Carol Service, which we were able to hold again having had to miss it last year; I record my particular thanks to Mabel Anyiam (Singing Group leader), Jon Hart (Acting Director of Music) and Elizabeth Bower (Organist). Weekday morning Eucharists also resumed in March, in church rather than the chapel for COVID-19 safety reasons, and online Evening Prayer on Thursdays has continued to be open to all.

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, until 4 April); David Carr and Maggie Hamand (Licensed Lay Ministers); Godwin Ogholo (Commissioned Pastoral Assistant); and Jimmy Asakes and Lily Ejeka (who served as Churchwardens throughout the year). Significant areas of pastoral care, nurture and outreach included the following:

• (a) Adult education and spirituality: During Lent a course exploring the Biblical book of Ruth, led on Zoom in collaboration with St Mary of Eton, Hackney Wick, was well received, and in December, fortnightly Bible Studies resumed in the Hall on Thursday lunchtimes.

• (b) Children and Youth Ministry: Notwithstanding the very real difficulties arising from COVID-19, ministry with children and young people was sustained in several ways:

• Sessions of All Stars (our children’s groups of primary school age and below) resumed in March and have continued since, thanks to support from leaders including Janette Goss, Sean Gubbins, Jon Hart, Debra Jeffrey, Rebecca Marques and Helen Fallows .

• Youth Ministry continued, supported by leaders Peter Agbon, Mabel Anyiam, Alice Prior and Cathie Smith , with a variety of activities at different times during the year, including Youth Group sessions on Zoom, sessions in the Chapel during the 10am Sunday Eucharist, a Friday evening Youth Club in the Hall and a visit to Youth East hosted by Saint.

• In June, young people aged 9 to 18 enjoyed a canoe trip at Laburnum Boat Club on the Regent’s Canal, organised by Rebecca Marques, Peter Agbon and Cathie Smith .

• Our strong relationship with St Paul’s with St Michael’s CE Primary School (‘SPWSM’) continued, with assemblies initially delivered remotely and subsequently resuming in school; services, which resumed in church for the school’s Carol Service; and a course on the Christian faith for Year 6 pupils. During the year the Vicar and 4 other church members served as Governors.

• St Michael’s in collaboration with ecumenical partners continued to contribute funding to 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’ .

• Our aspiration endorsed by the PCC in November to seek to build back Children and Youth Ministry better by, amongst other things, trying to recruit a Coordinator to administer and support All Stars and Youth Group activities on Sundays has been fulfilled by Debra Jeffrey agreeing to take on this role as a volunteer as from January 2022.

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• (c) Christmas: Building on experience in 2020 when our annual Carol Service could not be held in church 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 3 locations on Broadway Market , 2 in London Fields Park and, like last year, on the Blackstone Estate .

• (d) Occasional Offices: During the year 8 baptisms took place, 18 people were confirmed (7 of whom had been prepared in 2020, but their confirmation service had to be deferred to 2021 due to the second lockdown) and Parish clergy officiated at 9 funerals .

• (a) Racial Justice: With support from a Steering Group comprising Jimmy Asakes, Dave Carr LLM, Lily Ejeka, Maggie Hamand LLM, Savi Hensman and Godwin Ogholo as well as parish clergy, we continued the conversation we began in 2020, prompted by the Black Lives Matter movement, about how as Christians we can work to make racial justice a reality, in the church and the world, raising the profile of this issue within our church. 3 members of the congregation preached from their experience in this area, on Racial Justice Sunday (the second Sunday in February), Windrush Sunday in June and at All Saints, and in November the PCC agreed its next Mission Action Plan (to run from 2022-2024) would include a commitment to do more by, amongst other things, reviewing our liturgy, icons, artwork & memorials to see if they are racially just, exploring what we need to grow in our theological understanding of racial justice and doing more to raise up leaders of culturally diverse backgrounds towards all church leadership positions.

• (b) Living in Love and Faith (‘LLF’): During the Autumn, members of St Michael’s took part in the wider conversation across the Church of England about currently controversial issues concerning gender, sexuality, marriage and relationships, using this course provided by the Church to help us engage with these issues. The course ran over 6 sessions, supported for the first two by facilitators provided by the Diocese of London and the remainder by the Revd Chris Brice , a former Vicar of St Michael’s. I pay tribute to the facilitators and all participants for a welcome opportunity to share and listen to stories, deepen our understanding of the issues and our relationships, build trust and embrace difference with love and hope. Following completion of the course, participants’ feedback and reflections arising from it were fed back to the National Church via the LLF website.

• (c) Safeguarding : With valuable support from our Parish Safeguarding Officers , Dorian Stewart and Samantha O’Loughlin , the 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/safeguarding/policy-and-practiceguidance/templates-and-resources, particularly the Parish Safeguarding Handbook -

• https://www.churchofengland.org/sites/default/files/2019

10/ParishSafeGuardingHandBookAugust2019Web.pdf, the House of Bishops’ guidance ‘Promoting a - Safer Church; Safeguarding Policy Statement’ https://www.churchofengland.org/sites/default/files/2017 12/PromotingSaferChurchWeb.pdf and ‘Safer Recruitment and People Management Guidance’ produced in 2021, see https://www.churchofengland.org/safeguarding/safeguarding-e-manual/safer-recruitmentand-people-management-guidance) and (2) the Diocese of London (see https://londondiocesanfundmy.sharepoint.com/personal/sara_black_london_anglican_org/_layouts/15/onedrive.aspx?id=%2Fpers onal%2Fsara%5Fblack%5Flondon%5Fanglican%5Forg%2FDocuments%2FDocuments%2FDST%2FAdmi n%2FDiocese%20of%20London%20Safeguarding%20policy%2Epdf&parent=%2Fpersonal%2Fsara%5Fbl ack%5Flondon%5Fanglican%5Forg%2FDocuments%2FDocuments%2FDST%2FAdmin), including completing and regularly reviewing activity risk assessments for all children’s activities. The PCC records its gratitude to all the individuals mentioned above.

Ecumenical

For the 9[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, including 5 other denominations, each hosting a service on one of the 8 days of the Week, this year on Zoom. Also, St Michael’s and our neighbours at Hackney Methodist Church in Mare Street 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 once again 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) in September.

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Care and Maintenance of the Church Buildings

Between January and March, the asphalt roof of the Church Hall was repaired and repainted with solar reflective paint, and various other repairs were carried out, completing the works recommended in the last Quinquennial Report (February 2020) to be carried out within 12 months of the Report as well as during the ensuing 4 years. Routine maintenance was also carried out in accordance with the PCC’s Annual Maintenance Plan. Further details are contained in the Churchwardens’ separate Fabric Report prepared 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 2021:

• (a) 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 . 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) St Michael’s annual Christmas Fete resumed, thanks to the hard work of organisers Sue and Dave Carr, Sally Smith, Bill O’Loughlin and Cathie Smith , as a COVID-safe Frost Fayre held on Saturday 27 November on the open space outside the entrance to the main Church and on the forecourt to the North. The event was a scaled down version of our usual Fete, but gave the Church a visible presence in the community and raised £1,250 for church funds.

• (c) Collections were made for:

  • The 2021 Diocesan Lent Appeal: a collection of money to support projects combating Youth Violence; and

  • Hackney Foodbank in Lent and at Harvest : collections of tinned food and other long-life goods to support families and individuals in crisis. The Lent collection raised 114.25 kg of food etc, providing an estimated 272 meals for local people in crisis, and in the Harvest one 39.90 kg were donated, providing approximately 95 meals.

  • Christian Aid’s Christmas Appeal and St Joseph’s Hospice , at our Carol Service and Carol Singing.

• (d) A free community Craft Group was launched, at the initiative of Rebecca Marques, meeting fortnightly in the church hall Thursday lunchtimes, with those attending doing a variety of activities: journaling, writing, knitting, crochet, embroidery, sewing and dress making.

• (e) 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 disabled access and WC facilities for wheelchair users, a fully-equipped kitchen, Wifi, and a broadband-connected 55” TV screen in the hall installed during the year, it is a valuable community resource for hire by community groups wishing to operate in London Fields. After the January-March lockdown, our established users resumed sessions, including Perform Workshops (Children’s drama classes); the 8th Haggerston (St. Michael’s) Rainbows, Brownies and Guides ; Slimming World ; a Playgroup/Book club for Japanese speaking children; Moving Shadow Karate Club ; His Grace Gospel Ministry Church, Hackney ; and House of Prayer Church, Hackney , and we welcomed some new users, including: Hackney University of the Third Age (U3A); GP Training; Zip Zap Music, drama and sensory classes for children under 5; Divine Youth Association’s youth forum ; and Eternal Sacred Order of The Morning Star Church . St Michael’s Hall is also used as a polling station and for children’s parties and other social gatherings.

In response to the General Synod’s resolution in February 2020 calling on Parishes to work towards net zero carbon emissions by 2030, with effect from March 2021 the PCC switched to a new 100 per cent green dual fuel contract and in November agreed that its next Mission Action Plan would include a commitment to participate in A Rocha’s Eco Church Programme (an award scheme for churches who want to demonstrate that the Gospel is good news for God’s earth).

The Revd Daniel Gerrans, Chair, for and on behalf of the Parochial Church Council 20 March 2022

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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 20 March 2022

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ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON

Independent Examiner's report to the members of Parochial Church Council (PCC)

I report on my examination of the accounts for the year ended 31 December 2021.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept as required by section 130 of the Act; or

2. the accounts do not accord with those records.

Note 8 provides details of the church flat which is managed by the PCC; it has a current valuation of £300,000 and has not been included on the balance sheet.

I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Parker FCA Sterlings Accountancy Solutions Ltd Chartered Accountants

Date: 22 February 2022

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ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

INCOME Donations, legacies and grants Church collection Freewill offerings Donations and gifts Charitable collections Grants received Donations to restricted funds 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 worker 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 Other Independent Examiners fee Charity and gifts (from general funds) Charity and gifts Total expenditure Transfer between funds Reclassification of funds NET MOVEMENT IN FUNDS FUNDS brought forward FUNDS carried forward

2021 2020 Unrestricted Restricted Designated Total Total Funds Funds Funds Funds Funds £ £ £ £ £ 6,261 6,261 3,066 26,810 26,810 28,606 658 8,000 8,658 1,990 2,267 2,267 533 1,427 2,500 3,927 3,477 7,619 7,619 7,602 19,486 19,486 7,976 15,626 15,626 15,835 1,880 1,880 449 1,357 1,357 343 343 226 9 12,277 12,286 6,583 83,743 2,500 20,277 106,520 76,343 40,000 40,000 48,000 1,207 1,207 398 218 218 1,110 98 700 798 555 612 612 1,845 9,586 9,586 38,145 992 992 970 49 49 4,630 4,630 4,760 2,569 2,569 2,148 629 629 318 462 462 151 283 283 861 862 862 615 491 491 677 960 960 960 410 42 452 1,266 597 597 371 64,655 742 - 65,397 103,150 (1,000) - 1,000 - - (75,788) 75,788 - - 18,088 (74,030) 97,065 41,123 (26,807) 77,981 78,998 - 156,979 183,786 96,069 4,968 97,065 198,102 156,979

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ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON BALANCE SHEET as at 31 December 2021

Note Current assets Investments - Trust Fund 2 Current assets Cash at bank Debtors 3 Total current assets Creditors: amounts falling due within one year 4 Net current assets Total net assets 6 Funds Unrestricted Funds Restricted Funds 5 Designated Funds Total funds	2021 2020 £ £ 82,265 69,988 113,897 88,826 4,000 2,000 117,897 90,826 (2,060) (3,835) 115,837 86,991 198,102 156,979 96,069 77,981 4,968 78,998 97,065 - 198,102 156,979

These accounts were approved by the PCC and signed on its behalf by

Date: 20 March 2022

The Revd Daniel Gerrans For the Parochial Church Council

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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 & designated 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.

Designated funds are unrestricted funds that the PCC has chosen to allocate for a specified purpose. These funds may be un-designated and returned to the unrestricted fund.

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.

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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	2021 £ 4,000 4,000 2021 £ 2,060 2,060	2020 £ 2,000
		2,000
		2020 £ 3,835
		3,835

5 Restricted and Designated 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 (£2,000 received) for relief of individuals in need, and from Bishop's Waltham Deanery Synod (£500 received) to support the provision of children's holidays.

Designated funds comprise:

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 may be used for 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

Unrestricted funds are transferred into a designated fund to provide for the future redecoration of the Vicarage when needed.

Anonymous Donation

This has been designated to be split between the support of youth work, and to improve the PA system in church for both attendees in church and people watching the service online.

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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 Summary of funds Unrestricted Restricted Ministers - Discretionary Grant Restricted - Bishops Waltham Designated - Trust Fund Designated - Vicarage Repair Fund Designated - Anonymous Donations	Unrestricted Restricted Designated Funds Funds Funds £ £ £ - - 82,265 94,129 4,968 14,800 4,000 - -	Total Funds £ 82,265 113,897 4,000
	98,129 4,968 97,065 (2,060) - -	200,162 (2,060)
	96,069 4,968 97,065	198,102
		£ 96,069 4,468 500 82,265 6,800 8,000
		198,102

7 Summary of funds

8 Benefits in kind to community groups

During the year St Michaels has allowed certain community groups to use church and hall space free of charge. These groups included The 8th Haggerston Rainbows, Brownies and Guides. Had rent been charged at the normal rates, prior to COVID this would have amounted to £3,000 (2020 £6,000).

9 Related party transactions

There were no related party transactions during the year.

10 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 (2020 £300,000).

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