2022-12-31-accounts

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

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2022

Registered Charity Number 1130974

CONTENTS:

CONTENTS:
	Page
Administrative details of the Charity, its	1
Trustees and Advisers:
Trustees’ Report:	2–6
PCC Structure, Governance and Management	2
Review of Activities	3-6
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

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

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 (until 3.4.22), Frank Boateng (until 28.12.22), Elizabeth Bower, Maggie Hamand LLM, Matthew Marques (Treasurer), Godwin Ogholo, Bill O’Loughlin, Claudia Russell-Banahan (from 3.4.22), Darren Skidmore (until 3.4.22), Devon Stewart, Katrina Stewart and Esther Unachukwu.

Church address:

Lansdowne Drive, London E8 3ER

Correspondence address:

The Vicarage, 97 Lavender Grove, London E8 3LR

Independent Examiner:

David Parker FCA, Partner Sterlings Accountancy Solutions Ltd, Chartered Accountants 131-133 Roman Road, Mountnessing, Brentwood Essex CM12 0UD

Bankers:

National Westminster Bank plc 20 Amhurst Road, London E8 1QZ

1

TRUSTEES’ REPORT

The PCC presents its Report and Accounts for the year ended 31 December 2022.

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 https://www.churchofengland.org/sites/default/files/2017-12/legal%20position%20of%20pcc%20members%20final.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.

2

REVIEW OF ACTIVITIES

Annual Report for 2022 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]

(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 2022 the PCC formally met 6 times, also conducting some business through Committees. At its first such meeting, it adopted a new MAP to run till the end of 2024. The table below lists the goals set in the current MAP and the progress in achieving them by the end of the year under review.

St Michael & All Angels London Fields Mission Action Plan 2022-2024	St Michael & All Angels London Fields Mission Action Plan 2022-2024		Approved by the Parochial Church Council 26/01/2022
Visio n:	BeingOpen to Go d, open to all means being passionate about:
• lovingand servingGod	injoyful, reverent, orderly, welcoming, creative and imaginative worship
• lovingneighbour by	• beinga communitywhere all are known and valued
	• sharingthe Good News of God's love
	•being agents of the new creation through service, creativity, growth and development
A ctio n:	In addition to what is already happening, we aim to :
What	H ow	Who	P ro gress at December 2022
1. C onfident D isciples	Explore other ‘gatewayactivities’ we might be able to offer	PCC
	Upgrade sound system in church to make our worship more accessible to people inside and outside the church building	Working Group comprising Cathie (Chair), Elizabeth, Daniel, Devon and (from 4.7.22) Christina Richardson	Proposal approved by PCC 21.9.22, approval from Archdeacon 11.11.22, work carried out 12-16.12.22
	And see 4 and 5 below
2. C o mpassionate C ommunities	Participate in the Eco Church Programme	M aggie to complete questionnaire	16.12.22 Eco Church Bronze Award gained
		Daniel to explore with Deanery Chapter colleagues possibilities for collaboration or sharing good practice in this area	Discussed at Deanery Chapter 14.10.22
	And see 4 and 5 below
3. C reative Gro wth	Seek to build back Children and Youth M inistry better by trying to:
	i. Recruit (1) a paid Coordinator to administer and support All Stars and Youth Group activities on Sundays and if possible at other times and (2) a Youth Worker to be paid on a sessional basis	Children and Youth M inistry Team	Volunteer Coordinator for All Stars recruited w.e.f 5.12.21
	ii. Resume altar serving	Daniel to help Katrina coordinate recruitment & rota	Ongoing: new YP servers recruited Sept/Oct 22
	iii. Explore how we can better hear the voices of young people in shaping our church for the future (e.g. reporting on Children and Youth M inistry at our Annual Parochial Church M eeting, taking part in PCC or its Committees) and equip families to raise their children in the Christian faith	Children’s Champion, Children and Youth M inistry Team	5.12.21 Jon Hart volunteered to offer training
	And see 4 and 5 below
4. Striving for racialjustice	Open up membership of the Steering Group to others interested in taking part, especially younger people, and try to be more inclusive of younger adults generally	Vicar, Steering Group	29.6.22 Jon Hart and Katherine Gerrans added; 30.10.22 M abel Anyiam added
	Explore what we can we do to increase diversity in leadership and vocations, especially young people	Vicar, Steering Group, everyone	Ongoing: new YP servers recruited Sept/Oct 22
	Review our liturgy, icons, artwork & memorials to see if they are racially just	Steering Group	Ongoing: 10.6.22 new order of service approved for All Saints Sunday with Thanksgiving for the Holy Ones of God more representative of worldwide church, in use from 30.10.22; 14.6.22 purchased African Nativity set; 29.6.22 PCC approved £250 budget for new books for children’s library and other children’s resources; July 22 new children’s books bought
	Explore what we need to grow in our theological understanding of racial justice	Steering Group	Ongoing: from 2021, aspiration to devote 3 Sundays a year to racial justice: Racial Justice Sunday in February, the Sunday in June nearest Windrush Day, and All Saints, with an outside member of the clergy to preach on one of these Sundays and lay members of the congregation on the other two; 11.2.22 Purchased Africa Bible Commentary for reference by preachers etc_._
5. B ecoming safer	Ask our Parish Safeguarding Officer ('PSO') to report on whether in line with our Safeguarding Policy (a) all staff and officers’ DBS checks are in place (b) all parish safeguarding roles are filled (c) a system is in place to ensure safeguarding training is kept up to date (d) there is any more we can do to create a safeguardingculture in and around our church	PCC, PSO	Ongoing. Initial report by PSO to PCC 17.11.21, recommendations adopted; Parish Safeguarding Dashboard now in use as tool to monitor ongoing compliance with relevant Guidance
6. T he o ther 5 ‘ key Lo ndo n 2030 mission themes’	(i.e. 1: mental health and isolation; 2 modern slavery, refugees & asylum seekers; 3 debt and financial _wellbeing; 4 serious youth violence; 5 housing and homelessness)_Monitor and promote opportunities for training and/or guidance in these and other areas, for example via Compassionate Communities	Vicar	Ongoing
7. R eview this M ission Ac	tion Plan regularly and 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 separately 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).

3

(2) The activities of the Parish generally

Until 27 January, face coverings were mandatory in public worship for those not exempt, and after that COVID-19 continued to affect many aspects of the Parish’s life; but even so we were able to sustain our worship, common life and mission in the many ways summarised below.

Public worship

Sunday services were maintained in church throughout the year and livestreamed for those preferring to remain at home for whatever reason. Some of those unable to connect digitally or attend in person continued to be supported by weekly bulletins delivered to their homes. Services continued to be enriched musically by St Michael’s Singing Group and Choir . Thanks are due, in particular, to Mabel Anyiam (Singing Group leader), Jon Hart (Acting Director of Music) and Elizabeth Bower (Organist). Weekday morning Eucharists continued also, being deemed safe by July to return from church to chapel, and online Evening Prayer on Thursdays 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): 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) Easter and Christmas: As in previous years, before Holy Week and in Advent , attractive Easter and Christmas cards featuring images from the fine artwork in St Michael’s church and containing details of and invitations to upcoming services and other events were distributed across the parish by members of the congregation, and in the run-up to Christmas, an enthusiastic group of Carol Singers sang in various locations including Broadway Market and the Blackstone Estate , publicising our Christmas services and increasing our local profile. The PCC records its gratitude to everyone who helped with these activities.

• (b) Children and Youth Ministry: Ministry with children and young people was taken forward in several ways:

• Sunday sessions of All Stars (for primary school age children) have continued, thanks to support from Coordinator Debra Jeffrey and others including Janette Goss, Sean Gubbins, Jon Hart, and Rebecca Marques .

• Ministry with Young People continued wherever possible. It was particularly pleasing to see renewed interest in Altar Serving , that several young people assisted at St Michael’s Christmas Fete and some attended Christian Camps when these resumed in the Summer. A Youth Consultation was held after the year end at which it was agreed to re-establish Youth Ministry.

• With the cost of living crisis making it harder for many families to get a Summer break away, we hosted 4 much appreciated family outings on days spread throughout the school Summer Holidays, meeting the cost of travel outside London, some activities and food where applicable from Hackney Parochial Charities Ministers Discretionary Grants Funds . Overall 35 individuals of all ages took part from 12 families.

• From October, Messy Church sessions were reintroduced during Sunday services for children of primary school age, followed by light lunch after the service. Special thanks are due to Janette Goss for organising these.

• Our strong relationship with St Paul’s with St Michael’s CE Primary School (‘SPWSM’) continued, with

  • i. Weekly Assemblies in School , supported by a team including, in addition to the Vicar, Jon Hart , a member of St Michael’s, and Gavin and Mary Dunn, Ministers at the Salvation Army, Cambridge Heath ;

  • ii. A Service of Blessing for the School at the start of the Autumn Term and new School Year

  • iii. School Services in Church on Ash Wednesday ; at the end of the Spring Term, marking Holy Week and Easter ; at the end of the Summer Term, commemorating the achievements of Leavers and the end of the School Year; at Harvest , with a substantial and generous collection from the school community for Hackney Foodbank ; and at the end of the Autumn Term, celebrating Christmas ;

  • iv. Termly Eucharists for each Key Stage;

  • v. An annual Memorial Service for each Key Stage to support those bereaved or grieving in the school community;

  • vi. A Course on the Christian faith for Year 6 pupils, leading to Confirmation for those wishing it; and

  • vii. The Vicar and 3 other church members serving as Governors during the year.

• During the year, Local Community Primary Schools resumed bringing classes and year groups on visits to the church with structured programmes delivering part of their RE Curricula. During the year, 4 groups visited from Gayhurst School and 2 from London Fields School .

4

• 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’ .

• (c) Adult Education, Nurture, Spirituality and Fellowship: Fortnightly Bible Studies continued on Thursday lunchtimes, initially in the Hall and later moving to the meeting room, alternating with the fortnightly Social Group (formerly Craft Group ) which continued thanks to coordination by Rebecca Marques . During Lent our neighbouring parish St John of Jerusalem generously welcomed members of St Michael’s to participate in a Lent Course based on the musical ‘Hamilton’ and a book written by Bishop Rose Hudson-Wilkin.

• (d) Occasional Offices: During the year 9 baptisms took place, 12 people were confirmed and parish clergy officiated at 6 funerals (all in church).

• (e) Racial Justice: The Steering Group we set up in 2020, prompted by the Black Lives Matter movement, to help us strive for greater racial justice in the church and the world continued its work. The action taken during the year in furtherance of commitments in our current Mission Action Plan included the following:

• 3 main Sunday services focusing on this issue: Racial Justice Sunday (the second Sunday in February), Windrush Sunday in June and All Saints Sunday on 30 October, with an ordained Guest Preacher at the first, and, at the other two. lay members of the congregation preaching from their experience in this area.

• Having reviewed how racially just our liturgy and artwork are, we

  • i. introduced a new order of service for All Saints Sunday with Thanksgiving for the Holy Ones of God more representative of the worldwide church, and shared it with colleagues in Hackney Deanery;

  • ii. purchased the Africa Bible Commentary for reference by preachers; and

  • iii. purchased an African Nativity (a set of Crib pieces), which was used at our Christmas services.

• Opening up membership of the Steering Group to others interested in taking part: 3 additional members were added, bringing total membership to 10.

• (f) Safeguarding : With 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 received regular reports from its Safeguarding Officers , continued to seek to adhere to safer recruitment practices in relation to individuals working with children and vulnerable adults in accordance with relevant guidance issued by the National Church and the Diocese of London,[6] including the provision of appropriate safeguarding training, and utilised the Parish Safeguarding Dashboard provided by the Diocese of London in order to monitor compliance.

The PCC records its gratitude to all the individuals mentioned above.

Ecumenical

For the 10[th] year running, during the Week of Prayer for Christian Unity (18-25 January) St Michael’s joined 7 other local churches spread across 5 different denominations, each of which hosted a service on one of the 8 days of the Week. St Michael’s and our neighbours at Hackney Methodist Church in Mare Street also continued our collaboration in response to the Anglican-Methodist Covenant signed in 2003 (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.

Social, Community and Environmental Engagement

During 2022:

• (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 Wednesday mornings in furtherance of our mission to be Open to All . From December, in response to the impact rising energy costs have had on many in our community, the church was heated during Open Church sessions in colder weather and promoted as a warm welcome space ,[7] and at the year end plans were in hand to open for an additional session on Thursday mornings beginning in the New Year. I record the gratitude of the PCC and church membership to those volunteering as stewards.

• (b) St Michael’s Church Hall continues to be an important asset in our Social and Community engagement. Benefiting from a fully-equipped kitchen, Wifi, a broadband-connected 55” TV screen in the hall, and disabled access and WC facilities for mobility-restricted users, it is a valuable community resource for hire by

6 National Church: see https://www.churchofengland.org/safeguarding/policy-and-practice-guidance/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/201712/PromotingSaferChurchWeb.pdf and ‘Safer Recruitment and People Management Guidance’ , see https://www.churchofengland.org/safeguarding/safeguarding-e-manual/safer-recruitment-and-people-management-guidance). Diocese of London: see https://safeguarding.london.anglican.org/parish-resources/).

7 Registered on https://www.warmwelcome.uk/#find-a-space

5

community groups wishing to operate in London Fields. In addition to our own use of this space, regular users during the year included:

• Perform Workshops (Children’s drama classes)

• Zip Zap Music (drama and sensory classes for under 5s)

• 8th Haggerston (St. Michael’s) Rainbows, Brownies and Guides

• Slimming World

• Moving Shadow Karate Club

• a Playgroup/Book club for Japanese speaking children

• Divine Youth Association’s Youth Forum

• His Grace Gospel Ministry Church, Hackney

• Eternal Sacred Order of The Morning Star Church ; and

• House of Prayer Church, Hackney

We also welcomed new users:

• Hackney Ballet (offering lessons for children and adults ); and

• Puppy Training Classes .

St Michael’s Hall is also used as a polling station and for children’s parties and other social gatherings.

• (c) St Michael’s annual Christmas Fete was held in the church and hall for the first time since the COVID-19 pandemic, thanks to the hard work of organisers Sue Carr, Sally Smith, Bill O’Loughlin, Sam O’Loughlin and Cathie Smith , giving St Michael’s a visible presence in the community and raising a welcome £2,121.60 for church funds.

• (d) Collections were made for:

• The Diocesan Lent Appeal 2022: Cultivating Compassionate Communities, a collection of money to support projects for 3 partner charities helping churches promote positive mental and emotional wellbeing, end domestic abuse and create a safe place for survivors of abuse; and

• Hackney Foodbank

  • i. As in previous years, in Lent and at Harvest, of tinned food and other long-life goods to support families and individuals in crisis. The Lent collection raised raised 40.9kg of provisions, and in the Harvest one 150.7kg were donated.

  • ii. At our Carol Singing and Carol Service, £304.67 was raised for their ‘Phone to Food’ project , which enables foodbank visitors to choose and buy their own food by giving them credit which they can use at participating stores and markets.

• (e) In line with our Mission Action Plan commitment to participate in A Rocha’s Eco Church Programme (an Award Scheme for churches who want to demonstrate that our Christian faith is good news for God’s earth), we were delighted to be awarded a Bronze Certificate in December and hope in future to make progress towards Silver. The PCC records its gratitude to Maggie Hamand for compiling the data to support our application for this Award.

• (f) In response to the General Synod’s resolution in February 2020 calling on Parishes to work towards net zero carbon emissions by 2030, all energy consumed on our premises continued to be supplied under the green dual fuel contract (electricity and gas) to which we switched in 2021.

• (g) The letting of the Church Flat to a refugee family from Syria, completed in 2017, continued during the year.

Care and Maintenance of the Church Buildings

The most substantial work undertaken during the year was an upgrade to the PA system in church, carried out in December. Repairs to the fabric were carried out as needed, as was routine maintenance 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.

The Revd Daniel Gerrans, Chair for and on behalf of the Parochial Church Council 12 March 2023

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 differentiate between unrestricted, designated and restricted funds. 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 12 March 2023

7

ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON

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

I report on my examination of the accounts for the year ended 31 December 2022.

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 10 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: 24 February 2023

8

ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022

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 Insurance and security Gas and electricity Water rates Cleaning Consumables Stationery, books and advertising Telephone and internet 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

2022 2021 Unrestricted Restricted Designated Total Total Funds Funds Funds Funds Funds £ £ £ £ £ 5,668 5,668 6,261 24,662 24,662 26,810 1,395 1,395 8,658 739 739 2,267 479 4,641 5,120 3,927 7,506 7,506 7,619 23,585 23,585 19,486 16,225 16,225 15,626 1,774 1,774 1,880 2,143 2,143 1,357 898 898 343 250 (7,497) (7,247) 12,286 85,324 4,641 (7,497) 82,468 106,520 45,000 45,000 40,000 904 904 1,207 10 10 218 314 1,129 83 1,526 798 608 608 612 1,948 7,858 9,806 9,586 1,031 1,031 992 897 897 49 4,477 4,477 4,630 5,084 2,641 7,725 2,569 192 192 629 327 327 462 759 759 283 1,700 59 1,759 862 639 639 491 900 900 960 489 1,232 1,721 452 439 439 597 65,718 5,002 8,000 78,720 65,397 (1,000) 1,000 18,606 (361) (14,497) 3,748 41,123 96,069 4,968 97,065 198,102 156,979 114,675 4,607 82,568 201,850 198,102

9

ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON

BALANCE SHEET as at 31 December 2022

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	2022 2021 £ £ 74,768 82,265 127,887 113,897 1,500 4,000 129,387 117,897 (2,305) (2,060) 127,082 115,837 201,850 198,102 114,675 96,069 4,607 4,968 82,568 97,065 201,850 198,102

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

Date: 12 March 2023

The Revd Daniel Gerrans For the Parochial Church Council

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 & 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.

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	2022 2021 £ £ 1,500 4,000 1,500 4,000 2022 2021 £ £ 2,305 2,060 2,305 2,060

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 the Diocese of London (£2,641 received) to offset substantially increased energy costs.

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 was 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. The full value of this fund was spent in 2022, with the majority being spent on the upgrade to the PA system.

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 Designated Total Funds Funds Funds Funds £ £ £ £ 74,768 74,768 115,480 4,607 7,800 127,887 1,500 1,500
	116,980 4,607 82,568 204,155 (2,305) (2,305)
	114,675 4,607 82,568 201,850

7 Summary of funds

Unrestricted Restricted Ministers - Discretionary Grant Restricted - Bishops Waltham Designated - Trust Fund Designated - Vicarage Repair Fund	£ 114,675 4,226 381 74,768 7,800
	201,850

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 (2021 - £3,000).

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 (2021 - £300,000).

13