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I—I-|| ## |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|| ## ##