TRUSTEES ANNUAL REPORT for the 2023 Annual Parochial Church Meeting of the Parish Church of St Mary the Virgin, Monken Hadley Notes The Church Representation Rules (Rule 9111{bll require 'an annual report on the proceedings of the parochial church council and the actlvities of the parish generally, to be received by the Annual Parochial Church Meetin8 IAPCMI. The Statement of Recommended Practice applicable to tharitie5 preparing their accounts in accordance wlth the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 1021 requires a Trustees, Annual Report. See http:l/www.charltysorp.DrpJmedla1619101/frs102 complete.pdf. Attached to this form are our Annual Accounts and Flnanclal Statements. Sectlon A Reference and Adminlstratlon Details 5ectlon Structure. governance and Management Section C Oblectlves and Actlvltles Section D Achlevements and Performances Sectlon E Flnanclal Revlew Sectlon F Optlonal Information Sectlon G Trustee Declarations TAR 2022 Monken Hadley Section B Structure, governance and management Descrlptlon of the eharltys trusts Type of governing document leg. trust deed, con5titutlonl Parochial Church Councll Powers Measure 119561 as amended, and Church Representation Rules that came into effect on 2 January 1957, ès amended How the charity is constituted leg. trust, association, company) Church Representation Rules Trustee selection methods leg. appolnted by, elected bvl The appointment of pcc members is Boverned by and set out in the Church Representation Rule5. The parish's clergy, churchwardens and Synod members are ex officio members of the PCC. At present up to ten additional mernber5 are elected Ifollowlng a resolutlon at the 2014 Annual Parochlal Church meetingl. Publlc Benefft Statement (Mandatory informatlon) The trustees of the Charity are aware of the Charlty Commlsslon's guidance on public benefit in The Advoncement of Religion for the Public 8enefit and have had regard to it in their administratlon of the Charity. The parish's safeguarding pollcles and practlce for the protectlon of vulnerable people In the church community is in line with the House of Blshops, guidance. The trustees belleve that, by promoting the work of the Church of England in the Eccleslastlcal Porlsh of St Mary the Virgin, Monken Pladley, It helps to promote the whole mission of the Church Ipastoral, evangellstlc, social and ecumenicall MO￿ effectivelyi Wlthln the Ecclesiastical Parish, and that in doin8 so It provlde5 a beneflt to the publlc by.. ProvidinB facilities for publlc worship, pastoral care and spSrltual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and Promotin8 Christlan faith, hope and love which flnds expresslon In Christlan Se￿iCe by members of the Church in and to thelr communities, to the beneflt of Indivlduals and soclety as a whole: and Maintainln8 the fabric of the Church of St Mary the VirgSn, Monken Hadley la Grade Il. listed bulldlngl and Church House, a community facillty wlthin the Monken Hadley conseniation area Summary of the rnaln artlvltles undertaken for the publlc benefit In relatlon to these object5 (Include wlthln this sectlon the statutory declaratlon that trustees have had re8ard to the guldance 155ued by the Charlty Comrnlsslon on publlc benellt Addltlonal govern•nce155ues (Optlonal Informatlon) You may choose to Snclude additional information, whe relevant, about.. Members of the Parochial Church Councll of the Ecclesiastical Parish of St Mary the Virgin. Monken Hadley are also managing trustees of Church House whose custodian trustee15 the body corporate called the London Diocesan Fund. Members of the Parochlal Church Councll of the Eccleslastlcal Parish of St Mary the Virgin, Monken Hadley are also ex offlclo trustees of the 51r Justlnlan Pa81tt Eccleslastlcal Charlty. St Mary the Virgin, Monken Hadley belongs to the Central Barnet deanery of the Diocese of London and Is a member of Churches Tozether In Chlpplng Barnet. The treasurer is Tim Fitzpatrick, a member of the church but not of the Parochial Church Councll. policies and procedures adopted for the Induction and training of trustees,. the charlty's organisatlonal Strurture and any wider network with whlch the charlty works,. relationship with any related partie5.' tru5tees' consideration of major risks and the system and procedures to manage them; (Put your Risk Assessment Policy here) The archltect for our quinquennlal Inspections is Michael Poteliakhoff RIBA AABC of Gerald Shenstone ond Partner5. St. Paul's Institute, 302 The Highway. London EIW 3DH. Our Independent examlners are Keelings & Jones Hunt Ltd. Chartered Accountants, 8road House. l The Broadway, Old Haffield, Hertfordshire, AL9 5BG. TAR 2022 Monken Hadley A phone line and Internet connection were established within the church buildlng. Adele 8ur8e55 continued her variou5 contributions, especially with regard to preaching and pastoral care and Sunday Club which enabled the Rector to continue to take responslbillty for two modules at Oak Hill Theological College. We hosted a performance of Handel'5 Me55iah together with the UK-Japan cholr. Much work continued to be done to prepare for the restoratlon of our community hall {Church House), mostly focused on fundraising. Section D Achievements and performance {contd.) We are planning for a restart to our Open Church Music programme in aid of muslc funds,. ran8e of further fundra5sin8 events and other outreach In support of our Church House Restoration Project: further exploration of architectural options for the renewal of Church House as a comrnunlty hall fit for the 215t century: The Rector will take up a full tlme posltlon at Oak Hill Theological College from l August and therefore step down from being incumbent of Monken Hadley church. Thls means that we will need to Summary of the maln obJertl¥es of the charlty planned in the fallowlng year dlstribute varlous of the Rectorfs responsibilities onto other people and suspend some actlvltles; Invite guest preacher5 and cler8y to cover durin8 the interregnum alongside Adele,. create a parlsh proflle and look for a new Incumbent; We want to take extra care to flourlsh splrltually during the Interregnum. grasping it as an opportunity for exercising trust in Christ and allowin8 this tlme of chan8e to challen8e us to continue to develop a growth rather than maintenance mlndset. Section E Financial review Review of the charitrf5 financlal P051tlon at the end of the reportln8 perlod The broader economSc context made Church fundraising and cost mana8ement a significant challen8e. Our core stewardshlp vla planned giving contributions fell slightly but our electronic givin8 platform 'GiveTap" donations and Church Collectlons Ipost Covidl oftset the reductlon. Post-pandemlc greater social activity has improved our ability to 8enerate income from fundraising events (mostly directed towards Church House Restoration), weddlngs, and Church House rentals. Cash collections at seNices have 0150 recovered but not to pre-pandemlc levels. Costs increased by IO% on 2021 mainly as a result of the higher contribution to the London Diocesan Fund and increased activity In the Church whlch saw light and heat and music expenditure return to previou5 levels. Our ongoing Church qulnquennial repairs and general maintenance costs also contributed to the InC￿aSe. Inflationary increases were not yet $18nificant. TAR 2022 Monken Hadley Further financial ￿VIeW details (Optional information) We raise income from a number of sources. You May choose to include additional information, where relevant about.. The vast majority of Church income derives from planned givin& including the tax recovered under Gift Aid. Other sources include donations through the envelope scheme lanother source of tax efficient giving), collections at service5, statutory fee5. Church House bookings and various fundraising activities. We promote "GiveTap" 8iving using QR codes and elertronic card readers for events. the charity's princlpal sources of fund5 {includin8 any fundraising); how expenditure has 5UPPOrted the key objectives of the charity,. investment policy and objectives Includlng any ethical investment policy adopted. The Sir Justlnlan Pagitt Eecleslastlcal Charlty contributes variable fundlng each year to the work of the Parochial Church Council of Monken Hadley. No such donation was forthcomlng In the current year reflectin8 the need to build reseNes followlng a period of refurbishment and a lack of tenants until mid. 2022. Section F Other optional information Acknowledge any large Grènts or donation In th15 Sectlon. AcknowledgSn8 a large Grant In vour TAR may be a condltlon of acceptan Section G Declarations The trustees declare that exern Ions from dlsclosu are appllcable. The trustees declare that the charlty holds no funds as Custodlan trustee on behalf of others. The trustees declare that they hav¢ approved the trustees, report above. 5i8n•d on behalf of the charltys trustees Slgnature{s) Full name(s) Posltion leg Secretary, Chair, etcl Date leg. Date of the APCMI ac ,dptr,1702.) TAR 2022 Monkon Hadley ## ||Further|Unrestricted|Restricted|TOTAL|TOTAL| |---|---|---|---|---|---| ||details|Funds|Funds|2022|202,| |||£|£|£|£| |Income and endowments from:|||||| |Donations and legacies|2a|78,022||78,022|81,772| |Charitable activities|2b|5,989||5,989|3,662| |Other trading activities|2c|2,774||2,774|558| |Investments|2d|1,142||1,142|15| |Church House Restoration Fundraismg|2c|36,477|28,000|64,477|122,028| |Other|2f|16,033||16,033|20,757| |Total||140,436|28,000|168,436|228,792| |Expenditure on:|||||| |Raising funds|3a|1,051||1,051|202| |Charitable activites|3b|101,993|1,073|103,066|93,721| |Church House Restoration expenditure|3c|7,225||7,225|11J42| |Other|3d|2,295||2,295|5,518| |Total||112,565|1,073|113,638|110,583| |Net income/(expenditure)||27,871|26,927|54,798|118,210| |Transfers between funds|11||||| |Net movement in funds||27,871|26,927|54,798|118,210| |Reconciliation of funds|||||| |Total funds brought forward|11|192,983|170,296|363,279|245,069| |Total funds carried forward|11|220,854|197,223|418,077|363,279| ## ## ## ## ## ## ## |2|Income and endowments from:|Unrestricted|Restricted|TOTAL|TOTAL| |---|---|---|---|---|---| |||Funds|Funds|2022|2021| |||£|£|£|/| |2a|Donations and legacies||||| ||Planned Giving:||||| ||Under Gift Aid|45,641||45,641|49,281| ||Tax recoverable|10,733||10,733|IIJ81| ||Legacies||||5,000| |||56,374||56,374|65,462| ||Collections|2,819||2,819|1,134| ||Other donations|16,320||16,320|12,394| ||Tax Recoverable|2,508||2,508|2,781| |||78,022||78,022|81,772| |2b|Charitable activites||||| ||P.C.C Fees|5,439||5,439|2,744| ||Church magazine|550||550|918| |||5,989||5,989|3,662| |2c|Other trading activities||||| ||Fairs, concerts & other fund-raising events|2,774||2.774|558| |||2,774||2,774|558| |2d|Investments||||| ||Interest (gross)|1,142||1.142|15| |||/, /42||1,142|15| |2e|Church House Restoration Fundraising||||| ||Income|31,142|28,000|59,142|118,445| ||Tax Recoverable|5,335||5,335|3,582| |||36,477|28,000|64,477|122,028| |2f|Other||||| ||Sir Justinian Pagitt income||||5,000| ||Churchyard maintenance recoveries|4,500||4,500|4,500| ||Church Building recoveries|730||730|955| ||Church House Income|203||203|7,302| ||Other|10,600||10,600|3,000| |||16,033||16,033|20,757| ||Total Incoming Resources|140,436|28,000|168,436|228,792| ## ## |3|Expenditure:|Nolcs Hnrcslrklctl Hcslrtctct STAFF COSTS|||| ||The PCC had no cinployces during the year ended 3 1 December 2022.||| ||There were no disclosable trans act ions in respect ofPCC mcinbers, persons closely connected witli them||| ||or other related parties.||| |5|FIXED ASSETS|2022|2021| |||£|£| ||The PCC has no tangible or other fixed assets||| |6|DEBTORS||| ||Gin Aid tax recoverable|37,065|18,489| ||Other debtors and prepayments|32,689|27,218| |||69,755|45,708| |7|INVESTMENTS||| ||Church House investments with COIF Charities Investment Fund||| ||at market value|31,230|35,343| |||31,230|35,343| |8|LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR||| ||Creditors and accruals|(12,6^)|(S3,l(->0)| |||(12,6;i;i)|(S3,1^1))| |8|CAPITAL COMMITMENTS||| ||There were no capital commitments at the balance sheet date.||| |9|CONTINGENT LIABILITIES||| ||There were no known contingent liabilities at the balance sheet date,||| |10|RELATED PARTIES||| ## ||||Chinfli|||||||| |---|---|---|---|---|---|---|---|---|---|---| |11|a Unrestricted Funds|Gcncnil|House|Olurclt|Clioir|Chnrcli|Itcctory|Rector's|Church|Total| |||Funds I|icslomlion|House|Fund|Knhric|Repairs|Disc|Boiler|Unrc.slricled| |||||||f-'und|Funil|Fund|Fund|Vu nils| |||£|£|JE|£|£,|£|£|i|I| ||Incoming rvsuurecs|109,091|31,142|203||||||H0.436| ||Kcsourccs expended|(U)DJI*>)|(7,2:5t|(^2()5t|(<"))|(2,Ji^)|||(•107)|(112,5^5)| ||Net Incoming HcsoHrcc-s|||||||||| ||before transfcre|8,772|23.917|(2.(i()2)|(•?())|(2,-il^|||(•)f>7)|27,871| ||Transfer between funds|(3.7^)||||2.319|1,000||407|| ||Net movements in funds|5,046|23,917|(2,002)|(W)|0|1,000||0|27,871| ||Balances brought forward|32,701|86,375|45.146|1,025|15,000|2,570|167|10.000|192.983| ||Balances carried forward|37,747|110,292|43.144|935|15,000|3,570|167|10,000|220,8S4| ||||Church|||||||| |---|---|---|---|---|---|---|---|---|---|---| |11|b Restricted Fimds|Poor of|House|Lighting|Cells &|Tower|Memorial|Linen and|Church Memorial|'I'olal| |||the Parish|Rcsloralion|Fund|Clock|Fund|Wall|Needlc-|Guide Hook|Rcstrictci)| |||Fund£|£|£|Fund
£|£|Fund|work Fund
£|Fund
£ £|Funds
£| ||Incoming resources||28,000|||||||28.000| ||Resources expended|||(773)|(16C>)|[110}|(2-1)|||(l,lt7J)| ||Net Incoming Resources|||||||||| ||before (ransfcrs||2S.OOO|(773)|(1W>)|(DO)|(2.1)|||26,927| ||Transfers between funds|||||||||| ||Net movements in funds||28.000|(773)|(!6f>)|<1KI)|(2-0|||26,927| ||Balances brought forward|1.694|134.785|2,957|23,186|247|4,586|288|104 2.-t49|170,296| ||Balances carried forward|1,694|162,785|2.184|23,020|137|4,562|288|104 2,449|197,223| ## ## ## ## ## C.HUiiCJi oiesT MAiiY Tiifi VIIIC>lN, MONIIKN IIAJ)LICY JNDfJ>lCNTIP.NT ItXAMINIVII?,S IILIPOII'I I'{)'I'i.Jr'J'iiu%TIIIU¥ ()JI Y'H14 1)AII<)CHIAI, CllUllCèI c"oiINciI. oir.%-I' MAIiY'I'III4 VIRC.IIY, MDNicf¢N 11A1)I,￿v M￿ry'll1¢ Vii¥lik. MNikeii 14iiillyy {Ilie ¢liiii-Ily) fny Ili¢ yciiroixlc(1311)ocoiiiiK'.r 2022. Ilo$iioi)%lbllSllts hnsl% of r¢porl As Ilio Inisiues ofiliB clwi4iy, yoii nw ro%ponsii>lo fnr Ilits iTrropnmlioii ofiho ttccoiitrits lil A¢cor¢laiKo wlih Ih rcqiiliYJiMCI)L4 nfiiw LIMrlilos A¢1 2Ql I Clkn 2011 Acl'l I rcyort lil r¢sp¢¢l i)fJny oxniiiliiiilioii of blinyliy's Accourf$ ciJrriL.d UUL LSn(Ivi' s£clloii Itl5 1)rilki 2011 h nii(t 511 ¢fftnylriB ￿11 i>)y ¢xniiiliir¢iloD I IIAVe Ibllo¥v¢d Ill I1￿ ipiillcllblo Dirrbliois gtveii by IIK¢ C.Iinrily Coniiii15Iiuiiiindor 8colioi) 145(5)(b) of Ilie 2011 Acl. Ittdopond8nl tsxiinhlnor's 818l¢iiitnt I Imvo ¢omploled my exTrillln•iltsii. l ￿14 ¢onfJiin Ihal i)D i>wlerhl mTrHll•ts lthvo l(Tr my Trtlcnil(Jn In ¢on￿￿11￿1 *iihtlK% ￿li)Inft1¥o￿ glvi118mo ¢nus@ to bolFgVO IIMt in *Jy JiJnlwlAI YoBI)ar.I: l. R¢¢Olllrtiywrecords w¢re not k¢pl In rt5pecl ofiiw cknrliy 85 wiilr¢d by s¢￿1011 130 of11￿ 2011 hcl: ¢)r 2. Il*J Ac¢ouiiis do noi accnrtl w5111 Ihth%c re¢ord$' or 3. Ik BGwuJbls do not coiiiply wilh t1￿ apyll¢oblv r¢qiilro1)Joiils Wll¢Ernli* 1116 aiid conlcjil ofnLGoiinl% sct out in Charillcs (Accou￿$ Rcporfs) ti¢8ulallv115 2008 oihw Ilwii Biiy wiiii'¢iii¢nl IIiA¢ 11 a￿O￿n￿ give o'iry￿ 8nd rrtOP vluwwlMcli is i￿1 R Inoll¢rcowldg￿d a5 Pllvt of an iii1lDp¥i￿1j[rt oxon)inttlimk I lthvc no Gtrn¢¢ms hiv¢ ¢wn¥ across ¥iD oIIIèT Illllilots lth ¢oiii*¢llon wi114 I1￿ oxttittiiialion lo wliicli Bllcntlgn %lLovld be iii 1115y roport In ordci. io eiiablv u PTvper iiiiilLrslathdit¥4 of *c¢outils ID bo r¢a¢h¢d. AifDtsl Dnss0 JICfA Ke81ipBs Llmlied Cliiil¢re(l Tnx Advi.¥or8 ¥Lnd c1￿￿¢[Cd Cerlifrcd Acc￿1￿10￿1$ BIDod Hoii$o 1 '11￿ ljr0ad￿Y Old Hair￿Id Hertfordshlr4 AL9 5110 2011IApril 2023