## **ST MICHAEL & ALL ANGELS LONDON FIELDS** ## **with ST PAUL’S HAGGERSTON** # **ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2025** 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 (until 1.7.24); Rebecca Marques and Devon Stewart (from 17.3.24). 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 Christina Richardson. Elected representatives of the laity (elected for terms of 3 years on a rotation basis, one third retiring and being elected each year): Jimmy Asakes (from 17.3.24), Elizabeth Bower, Lily Ejeka (from 17.3.24), Patricia Fraser (until 22.9.24), Maggie Hamand LLM, Matthew Marques (Treasurer), Godwin Ogholo, William F O’Loughlin, Claudia Russell-Banahan, Cathie M Smith, Devon Stewart (until his election as Churchwarden as noted above) and Katrina Stewart. ## **Church address:** Lansdowne Drive, London E8 3ER ## **Correspondence address:** The Vicarage, 97 Lavender Grove, London E8 3LR ## **Independent Examiner:** Rev John Irwin FCA AMCT Chartered Accountant ## **Bankers:** 2 National Westminster Bank plc Reliance Bank Limited Cover Idmage: Angels and Shepherds, by local artists Fiona Eastwood and daughter Primrose aged 8, with homage to the mural in St Michael’s Church by John Hayward (1929–2007) ## **TRUSTEES’ REPORT** The PCC presents its Report and Accounts for the year ended 31 December 2025. 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 11 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: > 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 - 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. > 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. 4 **REVIEW OF ACTIVITIES** ## **Annual Report for 2026 on the proceedings of the PCC and the activities of** ## **the Parish generally** ## (as required by Rule M5(1)(b) of the Church Representation Rules) ## **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 2024 the PCC formally met 7 times, also conducting some business through Committees. 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. 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). 5 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. Actions achieved or planned during the year under review included, in addition to the MAP goals and actions listed above and the activities listed later in this Report: - (1) Agreeing to participate, with other parishes in the Catholic liturgical tradition in Hackney, in a **Catholic Mission Covenant** . expressed to be made with God (committing to be ‘conformed to the mind of Christ and guided by the Holy Spirit’), with one another (committing ‘to renewing bonds of trust and friendship and to strengthening relationships between people, clergy and parishes’) and with our neighbourhoods (committing ‘to listening to our neighbours, discerning God’s action in our midst’), by which we undertake, amongst other things, to: - Pray regularly for the guidance of the Holy Spirit, for being attentive and responsive to God’s mission in Hackney, and for the welfare and flourishing of one another. - Ensure we have workable and ambitious Mission Action Plans and share good practice with one another. - Equip congregation members so that they are confident in their discipleship and able to share their faith with others and draw them into the life of the church. - Work with the Stepney Area Dean of Mission and others to access high quality training. - Seek out and learn from people and parishes who are doing effective mission, especially in the Catholic tradition. - Engage with the Centre for Theology & Community to benefit from their experience and expertise. - Cooperate, when appropriate, in activities such as introductory and nurture courses, confirmation preparation, pilgrimages, vocations work, promoting a ‘rule of life’. - (2) Recruiting a **part-time Parish Administrator** to reduce the administrative burden previously borne by the Vicar, in response to (a) a significant and welcome increase in church hall bookings since the COVID-19 pandemic, and (b) the Covenant for Clergy Care and Wellbeing adopted by General Synod as an Act of Synod in 2020 and which encourages a mutual commitment by clergy and laity ‘to work together to coordinate and improve our approach to clergy care and wellbeing so that the whole Church may flourish in the service of the mission of God’. ## **(2) The activities of the Parish generally** ## **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 David Carr and Maggie Hamand (Licensed Lay Ministers); Mabel Anyiam (Singing Group leader), Jon Hart (Acting Director of Music) and Elizabeth Bower (Organist). Weekday morning Eucharists continued, 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): Godwin Ogholo (Commissioned Pastoral Assistant) and Churchwardens Jimmy Asakes and Lily Ejeka, who stepped down at the 2024 Annual Meeting, having both completed 6 years in post, the maximum permitted term of office, and Rebecca Marques and Devon Stewart, who were elected in their place. 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 of, or drawn 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 Broadway Market and the Blackstone Estate, publicising our Christmas services and increasing our local profile. - (b) **Children and Youth Ministry:** Ministry with children and young people was taken forward in several ways during the year, including: - 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 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 6 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 2 other church members serving as Governors during the year. - Local Community Primary Schools brought classes and year groups on visits to St Michael’s church with structured programmes delivering part of their RE Curricula. During the year, 4 groups visited from Gayhurst School, 3 from London Fields School and 1 from Queensbridge School. - Young people assisted as Altar Servers and at St Michael’s Christmas Fete. - Supported by generous pledges from members of the congregation in response to a fundraising campaign, the PCC resolved in November to try to recruit a paid part-time Children’s Worker to lead, enable and develop St Michael’s ministry with and among children aged 0-11 and their families. It is hoped to recruit a suitable candidate during 2025. - St Michael’s in collaboration with ecumenical partners continued its partnership with the Christian detached Youth Work charity XLP https://www.xlp.org.uk/ (whose vision is ‘creating positive futures for young people’), with its ongoing pledge to contribute £200pa towards the cost of XLP’s work in Hackney. - (c) **Adult Education, Nurture, Spirituality and Fellowship:** Ways in which this was promoted during the year included: - Fortnightly Bible Studies continuing on Thursday lunchtimes. - During Lent, members of St Michael’s participated in a Lent Course exploring what contemporary Christians can learn from St Paul's correspondence with his newly planted church in Corinth. - A Parish Retreat was organised to take place in June 2025. - (d) **Pastoral Offices:** During the year 8 baptisms took place, 16 people were confirmed, one marriage was solemnized, and parish clergy and/or Licensed Lay Ministers officiated at 7 funerals, of which 5 were held in church. In addition, following consultation of the PCC and congregation, the Prayers of Love and Faith for samesex couples (https://www.churchofengland.org/sites/default/files/2023-12/prayers-of-love-and-faith.pdf, as authorised by the House of Bishops etc from time to time) began to be offered at St Michael’s. - (e) **Racial Justice:** The Steering Group set up in 2020 as a Committee of the PCC, 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 3 main Sunday services focusing on this issue: Racial Justice Sunday, now the second Sunday in February, Windrush Sunday in June and All Saints Sunday in late October or early November. - (f) **Accessibility and inclusion:** St Michael’s already has step-free access, WC facilities for wheelchair users, a hearing loop and free WiFi, but we want disabled people to play a full part in our worship and common life. Recognising that more needs to be done to ensure they can, and to help make it happen, during the year the PCC adopted a Parish Disability Policy https://stmichaelslondonfields.org.uk/wp- - - - content/uploads/2024/11/Disability Policy approved 241127.pdf and appointed a Disability Working Group to drive its implementation. - (g) **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 > 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/2017 12/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 London in order to monitor compliance. In addition, following the unnecessarily strip-searching of a 15-year-old girl (anonymised as ‘Child Q’ in the ensuing safeguarding review) by police at a school in Hackney in 2020, representatives of St Michael’s on Hackney Deanery Synod were instrumental in Synod’s decision in April 2024 to commend a Charter for Valuing Children & Young People in Hackney Deanery Churches for adoption by parishes. Intended to reassure parents, caregivers, children and young people by clearly setting out our absolute allegiance to Jesus Christ in his uncompromising care and welcome for all children, the Charter commits parishes adopting it not to allow anyone under 18 to be strip searched on any church premises or at any activities run by - the church. St Michael’s PCC adopted the Charter in June 2024: see https://stmichaelslondonfields.org.uk/wp content/uploads/2024/09/Child-Q-Charter-St-Michaels.pdf. The PCC records its gratitude to everyone who helped with or supported these activities. ## **Ecumenical** For the 11[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 (https://anglican-methodist.co.uk/covenant-text/), 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 2024: 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. During colder months, in response to the impact increased 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] The PCC records its gratitude to Lily Ejeka, volunteer steward for Open Church. (a) St Michael’s Church Hall continues to be an important resource in service of our community. 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 community groups wishing to operate in London Fields. In addition to our own use of this space, regular users during the year included: - Lucy Sparkles & Friends: (music classes for pre-schoolers) - Perform Workshops (children’s drama classes) - Pilates (an adult mat class) - Tap Classes (for adults) - Hackney Ballet (lessons for children and adults) - Baby Sensory (sensory classes for babies) - 8[th] Haggerston (St. Michael’s) Rainbows, Brownies and Guides - Puppy Training Classes - Moving Shadow Karate Club - a Playgroup/Book Club for Japanese speaking children - Divine Youth Association’s Youth Forum - Eternal Sacred Order of The Morning Star Church; and - House of Prayer Church, Hackney St Michael’s Hall is also used as a polling station and for children’s parties and other social gatherings. - (b) Regarding Creation Care (amplifying the summary in the Mission Action Plan of progress achieved under ‘Compassionate Communities’), building on the PCC’s award in 2022 of a Bronze Certificate under A Rocha’s Eco Church Programme https://ecochurch.arocha.org.uk/ and in response to the General Synod’s 2020 resolution calling on Parishes to work towards net zero carbon emissions by 2030, during 2024 the PCC resolved to prioritise works on the Church Hall due inter alia to its significantly greater usage and carbon footprint than the Church; developed detailed plans to replace the current gas-fired boiler heating the hall with a heating system powered by suitable air source heat pumps and to insulate the ceiling, windows and walls; and embarked on fundraising for the associated costs, a process still under way at the end of the year. 7 Registered on https://www.warmwelcome.uk/#find-a-space 8 - (c) St Michael’s Social Events Organising Team organised a parish barbecue in July, the first held since the COVID19 pandemic, and 2 well-received day outings. The PCC records its gratitude to Vicky Morton, Chair of the Team, and its other members for organising and supporting these activities. - (d) St Michael’s Social Group, capably coordinated by Rebecca Marques, continued to meet fortnightly with a programme which included several excursions. - (e) St Michael’s long-established annual Christmas Fete was held in the church and hall, thanks to the hard work of Sue Carr, Sally Smith, Dave Carr, Bill O’Loughlin, Sam O’Loughlin, Cathie Smith and many others, giving pleasure to many in the community, enhancing St Michael’s profile within it and raising more than £2,000 for church funds. - (f) Collections or donations were made or pledged for: (a) Student Christian Movement; (b) Macmillan Cancer Care, with a Fundraising Cake Sale which raised £230; (c) XLP (see above); and (d) Hackney Foodbank, for which Money collections at our Carol Singing and Carol Service raised £436.97, and as in previous years, in Lent and at Harvest, and additionally during the Summer, collections were made of tinned food and other long-life goods to support families and individuals in crisis. Of these, the largest collection was the Harvest one which, with generous support from St Paul's with St Michael’s Primary School and 8[th] Haggerston (St. Michael’s) Rainbows, Brownies and Guides at their respective Harvest services or celebrations, raised 396.85kg of provisions. - (g) During Fairtrade Fortnight St Michael’s hosted a Fairtrade Stall run by Hackney Fairtrade Group and Sustainable Hackney. - (h) The letting of the Church Flat to a refugee family from Syria, completed in 2017, continued during the year. ## **Care, maintenance and improvement of the Church Buildings** Repairs and decorations were carried out as needed, as was routine maintenance in accordance with the PCC’s Annual Maintenance Plan. The most important were: (1) various redecorations carried out in January and July-August, including meeting room, link corridor, hall entrance lobby and WCs (total cost £3425); (2) repair of 4 metal sacristy items (£3822, fully funded by an anonymous donation); and (3) plumbing and associated repairs in the bathroom of the Church Flat (£1079.61). 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 ongoing work in maintaining the fabric. The Revd Daniel Gerrans, Chair, for and on behalf of the Parochial Church Council 23 March 2025 9 **FINANCES** ## **The Financial Statements of the Council for the year ending on 31 December 2025** ## **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. 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 to sustain and increase its contribution 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 23 March 2025 10 ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON Independent Examinerfs reportto the members of Parochial Church Council (PCC) I repcrt on my exam ination of the accounts for the year ended 31 Decembw 2024. Responsbilities and basis of report A5 metnber5 of the PCC ycu are re5pcnsible ts the preparation of the accounts in accordance with the requirem ents of the Ch￿IlleS Act 2011 Ithe Acti. I repcrt in respect of my examination of the accounts carried out Und￿ section 145 of the 2011 Act and in cawying out tny examination I haNe fr)Ilowed all the applicable Direclicfis gI￿n by the Charity Comtni55ion under s￿tIOn 14515llbl of the Act. Indeponthnt Examiner's slatement I ha￿ completed my examinaticn. I con)Inn that no material matters ha￿ come to my attention in connection with the examination giiing m e cause to believe that in any materia respect.. 1. accounting records were nc* kept as required by section 130 of the Act,. 2. the accounts do not acccwd wrth those records. Note 8 proudes detals of the church lal which is managed by the PCC- it has a current ￿luatIOn of £300,000 and has ncl been included on the balance sheet. I ha￿ no Oth￿ concerns and have come across no clher matters in Cc￿nection wth the examinatic￿ lo which attention should be drawn in this report in order to enable a proper Und￿StandIng of the accounts to be reached. Rev John Irwin FCA AMCT Chartered Accountant Dale.. 16 March 2025 ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON STATEIVENT OF FINANCIAL ACTivrriES fortheyearended 31 December 2024 2024 Totsl Funds 2023 Total Funds UnrEStricted Restricted Designated Funds Funds Funds INCOME Donatloni, l•ga¢l•s and grants Church collection Freebwill offenngs Ebnations and gilts Charitable collecbons Grants ￿Ge￿Ed tknnations to restncted funds Income tax re￿nd 7.420 26.500 5.844 7,420 26,500 5,844 5,757 26,447 3,726 1,094 3,499 1,381 2,400 3,781 6,553 8,553 8,043 heractiknryties Rent. Church and hall Flat Fees FetES and e¥Ents Cxher incowe 35.377 16.279 2,125 2.245 525 35,377 16,279 2,125 2,345 525 30,935 18,522 985 2,172 Investm ent incom e Interest and Inc￿age In ￿lue ol fijnd aggets 2.324 4,300 6,824 12,229 Total Sncom Ing r•i•urc•s 106,873 2,400 4,￿0 113,373 113,410 EXPENDITURE London Diocese (Common fund) London Oiocese (Fees) Staff expenses Youth vrtrt< expenses Music and organist Repairs and rEfiJrbishment. Church Flat Garden Insurance and secunty Gas and electricty Water rates Cleaning Consumables Stationery, books and ad￿rtIsing Telephone and Internet Soci31 eNEnts Cxher Administrator Charity and gifts (from general lundsl arity and gifts Total èxpèndlturè Transfer between ￿ndS 53.000 53,000 50,000 450 564 L142 1,383 34 70 676 337 407 676 18,211 2,052 1,858 5,239 3,780 585 3,170 1,467 2,048 651 9,634 1,065 530 5,137 3,746 264 2.052 1.858 5.239 3.780 585 3.17D 1.467 2.048 651 273 909 9.428 1,482 992 1,265 492 20 120 728 155 1,064 9,428 1,537 55 1,850 894 104.154 1.285 105,439 79,922 11.0001 1.519 1,000 PET MOVEMENT IN FUNDS 1.115 5,XJO 7,934 33,488 FUNDS brought fOn￿ard FUNDS carried forward 136.667 5.645 93,tr26 Z35,33B 201,850 138.186 6.760 98,326 243,272 235,338 ST MICHAEL ANDALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON BALANCE SHEET asat 31 December 2024 Nrte 1124 2023 Current assets Inve5trnenls - Trust Fund 84 228 Current assets Gash at bank 156,427 150,412 DeL*o Total current aTrts 158,127 152,112 Creditors.. amrA4nts klling due wItNn one year ,38 1,000 Net current a￿ts 191, 747 151,112 Total net assets 243, 272 235,3&q Funds Unrearicted Funds 138,186 136, 667 Re*lcted Funds 6, 780 5, 645 Desgnated Fund5 98, 326 93, 026 Total funds 243, 272 235,3&q Thes• a¢¢ounls weré appro*d by the PCC and signèd on ils behalf by The Revd Daniel Gerran$ For the Parochial Church Council Dale.. 23 M arch ￿25 STMICHAELANDALLANGELS LONDON FIELDS with STPAULS HAGGERSTON NOIESTO IHEACCOUNTS Aceryjnling pdicies 1.1 Basis of preparatic Ihe PCC is a Wb1￿ benefjl enlily wilhin the tneaning of FRS102. The financial slaletnenls have been piepaied undei the Chatilies Act 2011 and in accoidance with Ihe Chuich ACc￿￿ting RegJlal¥)ns 2006 petning the indmdual accounts ol PCCS. and wilh Ihe Re￿I81(￿S Iwe and f8iivieW pl(￿ls1(Al8, I(￿lhei￿lth FRS1 I%J16) as the 8ppIic8Ne aCC￿Jn lings18ndaids and the 2016 version of the St8lemenl of ReC￿mended Piaclice. AcC￿￿[lngend Reportlng by Charflks (SORP (FRS10211. Ihe financial staletnenls ale piepaied undei the hisl(wical cost UMvenl(￿. except f(w invesltnents vthich ale sh(wn al tnaikelwdlue. The financial slalements ale piep8red in £slew1ngi￿Jllde￿ k) the nedre81 £ 1.2 Inccfne recognilicn ccffle iepiesents aM￿nIS iecewed fiom Ireewll Offerin￿ church cdleclions and dcmalions. and clhei s￿rceS oflncome Iiom 8￿Cl11C chuich acovllles, whlch ale reC￿l$ed as Id10￿. - Cdectlons and other ￿Ingare re¢(￿ls￿ bthen iecelved: - D(Maffi(Ms and ryanls are rec(wised when received unless a specific pled￿ (K ￿￿tract has been rece￿ed,. - knc(xne tax rec(weiable (￿ Glft lid L8 reC￿lSed ￿1th the rdevanl inc(Nn¢ Funds ral￿d by the lele and similar evenls ale I￿O￿lSed when reCe￿eth - Rental Inc(xne fr(Kn the lent of the church premkesls recWl￿d when the: - knveslmenl galns ￿ l(6ses are rec￿l$edal the year end. 1.3 Empendilure All expens08 are c(msidered as charltable expendilur¢ ￿Ing the C(￿1$ Incurred diieclly and kndlieclly In the delNeiyof its chaiilatAe w[P￿eS. Expenses ate iecwised when the Ilablllly È Incuffed 1.4 Unre51ricled, restricted & designated fijnds Unieslticled funds lepie￿nIthe funds of the PCC which ale n(A subject lo any lest1￿ti(￿S te￿idIng Iheii use and ale aVaila￿e f(w the ￿ne[al W[￿eS dlhe PCC. Resliicled funds ale lo be used specified Pur[￿Se5 as laid by Ihe doncf. Diieclexpendiluie vthich meels these ciileii8 8ie a&91￿ed lo the funth. Deswjaled funds ale unreSt￿le￿ tunds that the PCC has chosen lo al(Lale a s￿C￿led pUw(￿e. Ihese tun may be Un-deSig￿dIed and ieluinedlo Ihe unles11￿1(￿j fund. 1.5 Cash Cash includes cath held al banks in cuiienl and dep￿11 acC￿llts. and fdsh in hand., il is a basic financial asset undei FRS102. Inve51menls Ihe iivesltnenls ale held in sthates in the CBF Chuich of En￿nd knvesknenl Fund which is mana0 by CCLA ale included 81ffiathelv8lue. 14 STMICHAELAND ALLANGELS LONDON FIELDS with STPAULS HAGGERSTON NOTES ID TrIEACCOUNIS Debtors 2024 2023 Income lax iecoveiaLle 1,700 1,700 1,7 1,7 credIt(￿S.. amwnts falling due within oneye 024 2023 Ac(xuals 3,380 3,380 1,0 1,0 Restricted and Designated Funds Res1ticted funts Compl￿e. Grants receNed Giantineo￿ le1￿1ve￿ foi spÉrified putposes has been alkncated to iestricted funds. The PCC giateftAly ackno1￿ed￿S gants le(￿1v￿ duiing1he yeai from Ihe Hackneyparochial Charities (£2,4 received) foi relief of indiwduejs in ne￿120￿3.. £2,&IOI a gant of £1,129 undei the Listed Pkces of Worsh heme foi iepaiis b the bjl1d￿g. Deggnated fundsconwli￿'. Trust Fun d The Trust F￿d compnses the balance ofthe proceeds of the sale ofchuich piemLgessYyld iTr1986 and the use of both capital and income may be used foi any ecclesas1Jcal purpose wthin the paiith, in ￿Col￿ance V•ith rf Paiochial Chuich Council (Po￿￿[S) tb*asuie1956. Jhe PCC has adopt￿ a ￿lleY to thsI￿ate the use of the Tiust Fund as follows_ untsl fui1hei le￿lutiOn atmi theie possible_ (il capilal stM)uld be piesetved lil) fuluie mcon ould be iemvested as acciebon to capitsl. and (iiil the Tiust Fund sh(AJld be ￿ed for capital (Thot reven￿) expendibjie which wll make 01 contribute b a lhsbngimpiovementto the church 01 hall. Vltsrage R4alrFund Uniestricted ftJThds Ne tranSf￿red inb a (*$i￿ated ftjnd to provide for the ftjbjie iedecoiab'on of the Vicaih£e en needed. srMICHAELAND ALLANGELSLONDON FIELDS with STPAULS HAGGERSTON NOTES TOTrIEACCOUNTS Net assets &tributaile to the funds unreSts￿led Reslrtc*d FuThJs Funds De&￿ated Funds Total Fun Flxed assets knveslments Cuiienl 88.526 88,$26 139.866 1,700 141,566 6.760. 9.1300 156,426 1,700 98.326 246,652 Debkns 6.760 Cuiienl liabilities (3,380) I3,￿0) Nel assets ieprestnled by fuThls 138.186 6.760 98.326 243,272 Sumrn¥yoffunds Uniestiicled Restr*led MnL8teis- D￿re1k)narY Gr8nl Desgwled - Tiusl Fund Deggmled -Vic￿a￿ Repaii Fund 138.186 6,760 &8,&6 9,lJ)O 243,272 Benefits in kind to cornrnunity gr￿pS Durlng the year Si Mch&Lg has all(TrNed cerlan communlty to use thurch and hall g)ace flee of chai These gioups incbjded Ihe 81h Ha￿[sI(￿ Rainbows Brovthies and Gudes Had ienl been chaigEd al the normal tales11isw(xJld Imve amun*d lo £4,000 (2024- £10001 Related pwty tr￿saCti¢]nS Iheie weie no ielaled paily transaclons duiing1he yeai, 10 OtherAssets Churth flat Ihe Ffc unthil&kes the Ma￿￿11*nI of Ihe fkl and has1he benefi1 of Ihe ienld incune, ￿ flal pwl of1he p[em￿S and like1he iesl of the buihjing ills ovthed by the London Diacesan Fund The ienlal fi(xn flat is iec(wised as i￿rNme￿hen il becomesdue. The balance sheel doesnol I￿lUde a value for the flat11 Isvalued al E300,[￿OI2022 - ￿)0,0(M)I 16 ## **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 2025. ## **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. These accounts are presented to the nearest pound. As a result there are some rounding differences that are not material but would take a disproportionate amount of tiime to resolve because of the way that the accounts crossreference 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. Rev John Irwin FCA AMCT Chartered Accountant Date: 19 April 2026 **ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Designated Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
INCOME
Donations, legacies and grants
Church collection 6,483 6,483 7,420
Freewill offerings 32,400 32,400 26,500
Donations and gifts 5,503 3,270 8,773 5,844
Charitable collections 361 361 -
Grants received - 16,600 16,600 3,781
Income tax refund - 6,553
Other activities
Rent:
Church and hall 31,212 31,212 35,377
Flat 19,028 19,028 16,279
Fees 1,352 1,352 2,125
Fetes and events 2,058 2,058 2,345
Other income 1,000 1,000 525
Investment income
Interest and increase in value of fund assets 4,244 (1,033) 3,211 6,624
Total incoming resources 103,642 19,870 (1,033) 122,479 113,373
EXPENDITURE
London Diocese (Common fund) 56,000 56,000 53,000
London Diocese (Fees) 578 578 1,121
Staff expenses 16 16 34
Youth work expenses 480 5,077 5,557 407
Music and organist 721 721 676
Repairs and refurbishment:
Church 7,651 7,651 16,211
Flat 989 989 2,052
Garden 1,206 1,206 1,858
- -
Vicarage
Insurance and security 5,337 5,337 5,239
Gas and electricity 4,006 4,006 3,780
Water rates 1,025 1,025 585
Cleaning 4,823 4,823 3,170
Consumables 1,158 1,158 1,467
Stationery, books and advertising 807 807 2,048
Telephone and internet 910 910 651
Social events - 872 872 1,111
Other 820 324 1,143 1,064
Administrator 11,707 11,707 9,428
Charity and gifts (from general funds) 2,882 641 3,523 1,537
Charity and gifts 361 361 -
Net Zero - 3,876 3,876 -
Total expenditure 101,479 10,790 0 112,268 105,439
Transfer between funds (2,807) 1,807 1,000 - -
NET MOVEMENT IN FUNDS (644) 10,887 (33) 10,211 7,934
FUNDS brought forward 138,186 6,760 98,326 243,272 235,338
FUNDS carried forward 137,542 17,647 98,293 253,483 243,272
**----- End of picture text -----**
**ST MICHAEL AND ALL ANGELS LONDON FIELDS with ST PAULS HAGGERSTON** ## **BALANCE SHEET as at 31 December 2025** **----- Start of picture text -----**
Note 2025 2024
£ £
Current assets
Investments - Trust Fund 2 87,492 84,226
Current assets
Cash at bank 166,196 150,412
Debtors 3 3,380 1,700
Total current assets 169,576 152,112
Creditors: amounts falling due
within one year 4 (3,585) (2,305)
Net current assets 165,991 149,807
Total net assets 6 253,483 234,033
Funds
Unrestricted Funds 137,542 136,667
Restricted Funds 5 17,647 5,645
Designated Funds 98,293 93,026
Total funds 253,483 235,338
**----- End of picture text -----**
These accounts were approved by the PCC and signed on its behalf by Matthew Marques, PCC Treasurer For the Parochial Church Council Date: 19 April 2026 ## **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 which is managed by CCLA and are included at market value. ## **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|2025
£
3,380
3,380
2025
£
3,585
3,585|2024
£
1,700
1,700
2024
£
2,305
2,305| |---|---|---| ## **5 Restricted and Designated Funds** Restricted funds comprise: |Donations
Grants
Total income
Youth worker fees
Charity and gifts
Social events
Net zero project
Other
Transfers
Balance at 1 January 2025
Balance at 31 December 2025|**Youth worker**
**Net Zero**
**MDG**
**Total**
3,270
3,270
14,200
2,400
16,600
3,270
14,200
2,400
19,870
5,077
5,077
641
641
872
872
3,876
3,876
324
324
5,077
3,876
1,837
10,790
1,807
-
-
1,807
-
-
6,760
6,760
-
£10,324
£7,323
£17,647| |---|---| ## **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 (£2,400 received) for relief of individuals in need (2024: £2,400). ## 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. As at 31 December 2025 the Trust Fund was valued at £87,492 (2024: £88,825) ## **Vicarage Repair Fund** Unrestricted funds are transferred into a designated fund to provide for the future redecoration of the Vicarage when needed. ## **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 - Net Zero Project
Restricted - Youth Worker
Designated - Trust Fund
Designated - Vicarage Repair Fund|Unrestricted
Restricted
Designated
Total
Funds
Funds
Funds
Funds
£
£
£
£
-
-
87,492
87,492
137,749
17,647
10,800
166,196
3,380
-
-
3,380
141,129
17,647
98,292
257,068
(3,585)
(3,585)
137,544
17,647
98,292
253,483
£
137,544
7,323
10,324
-
87,492
10,800
253,483| |---|---| - **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 this would have amounted to £4,000 (2024 - £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 (2024 - £300,000).