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| alance Sheet as at 31 | stDecember 2021 | |||
|---|---|---|---|---|
| Notes | 2021 | 2020 | ||
| Fixed Assets | ||||
| Tangibie Assets | 973,408 | 1,000,447 | ||
| 973,408 | 1,000,447 | |||
| Current Assets | ||||
| Debtors | 3,140 | 32,665 | ||
| Cash in Bank | 249,750 | 272,108 | ||
| 252,890 | 304,773 | |||
| Current Liabilities |
||||
| Creditors: Amounts | falling due in one year | 30,605 | 9,250 | |
| Net Current Assets | 222,285 | 295,523 | ||
| Total Assets less Current Liabilities | 1,195,693 | 1,295,970 | ||
| TOTAL NET ASSETS | 1,195,693 | 1,295,970 | ||
| Funds | ||||
| General Funds |
10 | 53,911 | 48,529 | |
| Designated Funds |
10 | 12'l,541 | 245,898 | |
| Restricted Funds |
10 | 1,020,241 | 1,001,543 | |
| TOTAL FlJNDS | 1,195,693 | 1,295,970 |
| Unrestricted Funds |
Unrestricted Funds |
Designated Funds |
Total Unrestricted |
Restricted | Total Funds (R) |
Total Funds (R} |
|||
|---|---|---|---|---|---|---|---|---|---|
| 2b. | Activities for | Generating | Funds | ||||||
| Letting s | 49,899 | 49,899 | 49,899 I | 29,461 | |||||
| 49,899 | 49,899 | 49,899 [ | 29,461 | ||||||
| ' | 2c. | Income'from. | lnvestmehts | ||||||
| Interest | 1,346 | 373, | 1,719 | l,719 | 4,463 | ||||
| 1,346 | 373 | 1,719 | 1,719 | 4,463 | |||||
| 2d. | Income from' | Charitabie | Activities | ||||||
| Sundries | 82 | 82 | 82 | 202 | |||||
| Fees for PCC | 252 | 252 | 252 | 296 | |||||
| Toddler Group | 518 | ||||||||
| 334 | 334 I | 1017 | |||||||
| Total Income | 98,211 | 373 | 98,584 | 54,650 | 153,234 | 117,664 |
| 3 | . Expenditure | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds |
Designated Funds |
Total Unrestricted |
Restricted | Total Funds (8} 2021 |
Total Funds (R) 2020 |
||||
| .:3a, | 'Cha'ritable Actjyities |
||||||||
| London Diocesan | 33,350 | 33,350 | 33,350 | 29,605 | |||||
| Fund | |||||||||
| Clergy Expenses | 1,915 | 1,915 | 1,915 | 1,662 | |||||
| Administrator | 9,513 | 9,513 | 2,951 | , ' |
12,464 | 14,412 | |||
| CFCW | |||||||||
| YSW | |||||||||
| Admin 8 Comms | 15,355 | ||||||||
| Power, Water, | 15,299 | 15,299 | 15,299 | 12,725 | |||||
| Insurance | |||||||||
| Equipment | 263 | 263 | 263 | 238 | |||||
| Depreciation | 27,039', | 27,039 | 27,039 | ||||||
| Maintenance | 7,843 | 139,818 | 147,661 | 1,500, | 149,161 | 6,938 | |||
| Mission Giving | 2,519 | 3,119 | ' | 5,638 | 4,129, , |
9,767 | 8,020 | ||
| Administration | 2,366 | 2,366 | 2,366 | 2,139 | |||||
| Adult Education | 329 | 329 | 329 | 316 | |||||
| Children 8Youth | 247 | 247 | 333 | 580 | 826 | ||||
| Work | |||||||||
| Worship 8 | 786 | 786 | 786 | 1,116 | |||||
| Evangelism | |||||||||
| 74,430 | 142,937 | 217,367 | 35,952 | 253,319 f | 120,391 | ||||
| 3b. | Other Activities. | ||||||||
| Other Activities | 192 | 192 | 192] | 304 | |||||
| 192 | 192 | 192t | 304 | ||||||
| Total | 74,622 | 142,937 | 217,559 | 39,592 | 253,511 | 120,695 |
| aff Costs | ||
|---|---|---|
| 2021 | 2020 | |
| f | ||
| Wages KSalaries | 11,870 | 29,066 |
| Staff Pensions | 594 | 686 |
| Staff Expenses | 15 | |
| Total Staff Costs | 12,464 | 29,767 |
| Mission and Other Giving | ||||
|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | |
| Unrestricted | Restricted | Total | Total | |
| E | ||||
| Barnabas Fund |
||||
| British Legion (Poppy Appeal) | 72 | 72 | ||
| Butare Christian Mission (David Nahayo) |
1,344 | 1,344 | 2,108 | |
| Church Pastoral Ald Society |
250 | 250 | 250 | |
| Church Urban Fund |
1,993 | 1,993 | 350 | |
| Evangelicai Alliance |
90 | 90 | 90 | |
| Finchley Food Bank | 310 | |||
| Latin Link (Stoker Family) | 1,919 | 81 | 2,000 | 2,000 |
| London Diocesan Fund (Lent Appeal) | 486 | |||
| North London Hospice | 207 | 207 | ||
| Simeon Trustees | 175 | 175 | 175 | |
| Stewardship (Rob Reeve) |
2,050 | 150 | 2,200 | 2,063 |
| Tearfund —Recover Together Appeal | 312 | 312 | ||
| Tearfund —Afghanistan Appeal |
1,064 | 1,064 | ||
| Toilet Twinning | 60 | 60 | ||
| Total Mission and Other Giving | 5,638 | 4,129 | 9,767 | 8,020 |
| Fixed Assets (Tangible) | |||||||
|---|---|---|---|---|---|---|---|
| St Paul's | St Paul's | ' | Piano | Total | |||
| Centre | Equipment | ||||||
| f. | |||||||
| Cost | |||||||
| As at 1 January 2021 | 1,351,956 | 13,155 | ' | 2,GOO | 1,367,111 | ||
| Additions | |||||||
| As at 31 December 2021 | 1,351,956 | 13,155 | 2,000 | 1,367,111 | |||
| Depreciation | |||||||
| As at 1 January 2021 | 351,509 | 13,155 | 2,000 | ' | 366,664 | ||
| 2021 charge | 27,039 | 27,039 | |||||
| Disposals | |||||||
| As at 31 December 2021 | 378,548 | ' | 13,155 | 2,000 | 393,7G3 | ||
| Net Book Value | |||||||
| As at 1 January 2021 | 1,000,447 | 1,000,447 | |||||
| Net BookValue | |||||||
| As at 31December 2021 | 973,408 | 973,408 |
| Debtors and Prepayments | ||
|---|---|---|
| 2021 | 2020 | |
| Gift Aid Recoverable | 2,479 | 3,388 |
| Prepayrnents | 21,947 | |
| Other Debtors | 7,330 | |
| Total Debtors and Prepayments | 3,140 | 32,665 |
| Cash in Bank | ||
|---|---|---|
| 2021 | 2020 | |
| Current account | 500 | 515 |
| Deposit accounts | 249,250 | 271,593 |
| Total Cash Held | 249,750 | 272,108 |
| Creditor | s (Am |
ounts falling due wi |
thin one year) and Ac | cruals |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Other Agencies | Fees | 3,168 | 1,699 | |
| Planned | Mission | Giving | 2,824 | 2,773 |
| Other Creditors | 14,479 | 1,770 | ||
| Prepaid | Lettings | 3,261 | 3,008 | |
| Building | Work | 6,873 | ||
| Total | 30,605 | 9,250 |
| 10. | Statement of Funds | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1Jan | Income | Expenditure | Transfer | At | 31Dec | |||||||||||||||||
| 2021 | 2021 | |||||||||||||||||||||
| R | R | |||||||||||||||||||||
| Generalfunds | 48,529 | 98,211 | (74,622) | (18,207) | 53,911 | |||||||||||||||||
| Designated funds |
||||||||||||||||||||||
| Administration | 650 | 650 | ||||||||||||||||||||
| Building Emergency | 21,495 | 8,000 | 29,495 | |||||||||||||||||||
| Children 8 Families Worker |
'l57 | 37,568 | 37,725 | |||||||||||||||||||
| Church Building Refurbishment |
182,550 | (139,817) | 438 | 43,171 | ||||||||||||||||||
| Latin Link (Stoker Family) | (1,919) | 1,919 | ||||||||||||||||||||
| Pension Reserve | 4,000 | 4,000 | ||||||||||||||||||||
| Rob Reeve (Stewardship) | (1,200) | 1,200 | ||||||||||||||||||||
| Vicarage Maintenance Fund |
4,500 | 2,000 | 6,500 | |||||||||||||||||||
| Youth and Schools' Worker | 37,353 | (37,568) | ||||||||||||||||||||
| Total Designated funds |
245,898 | 373 | (142,936) | 18,207 | 121,541 | |||||||||||||||||
| Restricted funds | ||||||||||||||||||||||
| Administration | 162 | 2,95'l | (2,951) | 162 | ||||||||||||||||||
| Children &Famiries Warker |
41,293 | 41,293 | ||||||||||||||||||||
| Church Building Refurbishment |
4,456 | 4,456 | ||||||||||||||||||||
| Church Pastoral Aid Society |
250 | (250) | ||||||||||||||||||||
| Church Urban Fund |
1,993 | (1,993) | ||||||||||||||||||||
| Finchley Charities | 1,500 | (1,500) | ||||||||||||||||||||
| General Mission Giving |
150 | (150) | ||||||||||||||||||||
| Gift Day 2021 | 4,456 | (4,456) | ||||||||||||||||||||
| Latin Link (Stoker Family) | 81 | (8'i) | ||||||||||||||||||||
| North London Hospice |
207, | (207) | ||||||||||||||||||||
| Royal British Legion (Pappy) | 72 | (72) | ||||||||||||||||||||
| StPaul's Centre Re-development | 1,000,447 | (27,039) | 973,408 | |||||||||||||||||||
| Tearfund Appeals | 1,376 | (1,376) | ||||||||||||||||||||
| Youth and Children's Ministry |
934 | 321 | (332) | 922 | ||||||||||||||||||
| Total Restricted funds | 1,001,543 | 54,650 | ' | (35,952) | 1,020,241 | |||||||||||||||||
| Total Funds | 1,295,970 | 153,233 | (253,510) | 1,195,693 | ||||||||||||||||||
| 11. | Reserves | |||||||||||||||||||||
| It is PCC policy to try to maintain | a balance on | unrestricted | general funds | which | equates | to the equivalent | of | |||||||||||||||
| two month*s general running costs, two lnonth's |
lettings income | and an | additional | one | month's | salary | costs to | |||||||||||||||
| cover | unforeseen emergencies. |
It | is also our policy to hold | a sum | (currently | F79,166)for | future building | works, | ||||||||||||||
| including the Warm and Welcoming Space Project |
on the church | building | and | the internal | redecoration | of | the | |||||||||||||||
| vicarage. In view ofour intention |
to recruit a | Children's 8 Families' |
Community | Worker | we | are | also holding | a | ||||||||||||||
| designated amount (currently f37,725)to assist in |
the resourcing | ofthis | initiative, and |
in | light | ofa possible | ||||||||||||||||
| pension liabiiity, as notified by the |
Pensions | board | after the valuation ofthe CWPF in December 2019, |
we | are | |||||||||||||||||
| also holding a designated amount |
for this (currently | E4,000).The | exact | figure | is | unknown | as it will only | become | ||||||||||||||
| liable | ifwe have no-one in the scheme. We | currently have |
one employee | in the | scheme. | |||||||||||||||||
| On 31"December 2021,reserves (unrestricted and designated funds) budget, we are in excess ofthe requirements ofthe church's reserves |
were f175,452. In policy byf27,061. |
respect ofthe | 2022 |
| INCOME AND ENDOWMENTS | INCOME AND ENDOWMENTS | Unrestricted Funds |
Designated Funds |
Total Unrestricted |
Restricted | Total Funds | |
|---|---|---|---|---|---|---|---|
| Voluntary Income Activities for Generating Income from Investments Charitable Activities TOTAL INCOME |
Funds | 70,463 29,461 3,938 1,017 104,879 |
525 525 |
70,463 29,461 4,463 1,017 105,404 |
12,260 12,260 |
' | 82,723 29,461 4,463 1,017 117664 |
| EXPENDITURE | |||||||
| Charitable activities Other Acdvities TOTAL EXPENDITURE |
77,177 304 77,460 |
3,259 3,259 |
80,436 304 80,740 |
39,955 i 39,955",, |
120,391 304 120,695 |
||
| NET INCOMENEXPENDITURE) | 27,399 | (2,734) | 24,665 | (27,696) | (3,031) | ||
| Transfer between Funds Net Movement in Funds |
29,809 (2+10) |
29,809 27,075 |
24,665 | (27,696),, | (3,031) | ||
| TOTAL FUNDS BROUGHT TOTAL FUNDS CARRIED |
FORWARD FORWARD |
50,939 48,529 |
218,823 245,898 |
269,762 294,427 |
1,029,239 1,001,543 |
' 1,299,001 '„'I,295970 |