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2021-12-31-accounts

Edgware PCC

Report and Accounts Year ended 31 December 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

CONTENTS

Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-15
Independent Examiner's Report 16
Statement of Financial Activities 17
Balance Sheet 18
Cashflow Statement 19
Notes to the Accounts 20-29
Detailed Statement of Financial Activities with Comparatives 30

St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Annual Report

and Financial Statements

of

The Parochial Church Council

of the Ecclesiastical Parish of Edgware

For the year ended 31 December 2021

Team Rector
From 3rdDecember 2018
Revd Prebendary Francis
Adu-Boachie
1 Beulah Close
Edgware		 Team Vicar
From September 2016
until 31stAugust 2021
Revd Sally Baily
2 Savoy Close
Edgware		 Team Vicar
From August 2008
Revd Simon Rea
9 Lacey Drive
Edgware		 Self-Supporting Minister
From July 2010
Revd Kostakis
Christodoulou

Bank CAF Bank Ltd West Malling Kent ME19 4JQ

Independent Examiner Parish Advisors Stewardship Stewardship 1 Lambs Passage 1 Lambs Passage London London EC1Y 8AB EC1Y 8AB

The PCC accepts its collective responsibility for ensuring proper books & records are maintained, for ensuring appropriate financial controls are put in place, and for the form & content of the attached accounts, which are to be approved by them on.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Introduction

Edgware Parish is an Anglican Evangelical Team ministry situated in the North of London at the end of the Northern Line Underground. It is part of a vibrant, multicultural township in the Borough of Barnet. The Parish is a Team Scheme created in 1998 and includes St Margaret’s, St Andrew’s, and St Peter’s. Each church has its own full-time stipendiary minister, one of whom is the Rector for the parish. There is also a Curate, who is a self-supporting minister.

Administrative Information

The Parochial Church Council of the Ecclesiastical Parish of Edgware (more usually known as Edgware PCC) is the charity responsible for Edgware Team Parish, part of the Edmonton Area of the Diocese of London within the Church of England.

Each of the three District churches St Margaret’s (StM), St Andrew’s (StA) and St Peter’s (StP) within the Parish has its own Local Leadership team (LLT), to which the PCC can delegate certain of its duties and functions. The Local Leadership Teams allow more representation at a local level to encourage engagement with local mission and ministry.

Structure, Governance and Management

Organisation

The Parochial Church Council (PCC) is a corporate body operating under the Parochial Church Powers Measure of 1956. The Parish is registered with the Charity Commission under its full name, The Parochial Church Council of the Ecclesiastical Parish of Edgware, in compliance with the 2006 Charities Act, under number 1131803. The charity is more usually known as Edgware PCC or Edgware Parish.

The PCC and LLTs are governed by the Edgware Team Scheme of 2000 and the Church Representation Rules, which describe the method of appointment of PCC and LLTs members. The LLT’s replaced the former District Church Councils following a resolution agreed at the Annual Parochial Church Meeting April 2017. The resolution agreed that from April 2018 the PCC would be made up of 4 lay members from each District Church, so the total number on PCC would be 12 Lay and 4 Clergy. This was implemented in April 2018 by natural reduction of retiring members from the PCC.

Broadly speaking the PCC has overall responsibility for finance, buildings and compliance with the law, and delegates responsibility for carrying out its primary objectives to the Local Leadership Teams.

From 1[st] January 2021, the following served as PCC members, and were therefore the charity’s trustees:

Team Rector Francis Adu-Boachie Chairman PCC
Team Vicar Simon Rea St P
SSM Curate Kostakis Christodoulou
Team Vicar Sally Baily St M until August 2021
(resigned as a PCC member August 2021)
Parish Warden Jayshri Halai, St M from April 2019
Parish Warden Henry Acquah from April 2021
Parish Warden Mike Sadler St A until April 2021
(resigned as a PCC member April 2021)

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Parish Treasurer Maureen Barnard St M Parish Secretary Maureen Barnard St M

Deputy Warden Samantha McCarthy St M from April 2019 Deputy Warden Henry Acquah St P until April 2021 Deputy Warden Barry Wynford Dawes StA from April 2021 Deputy Warden George Mathew StA from September 2020 Deputy Warden Melissa Enughi St P from April 2021 (appointed as a PCC member April 2021) Deputy Warden Cecilia Boamah until April 2021 (resigned as a PCC member April 2021) Deanery Synod Barry Wynford-Dawes St A from September 2020 Deanery Synod Dave Franklin St P from September 2020 Deanery Synod Maureen Barnard St M from September 2020 Deanery Synod Matthew Martin from September 2020

Elected members

Catherine Taylor St A from April 2016 Brenda Franklin, S tP from April 2014 (District Treasurer) Andrew Jones st A from April 2021 (District Treasurer) (appointed as a PCC member April 2021)

In addition to the Local Leadership Teams, the PCC can call on several committees, which have the power to transact the business of the PCC, subject to terms of reference agreed by the PCC:

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Risk Management

All significant activities undertaken are subject to a regular risk review. Major risks are identified and ranked in terms of their potential impact and likelihood. Major risks, for this purpose, are those that may have a significant effect on:

The trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. Where appropriate, risks are covered by insurance. In assessing risk, PCC members recognise that some areas of parish work require the acceptance and management of risk if our key objectives are to be achieved.

The current risk profile indicates that safeguarding and finance are currently identified as high risk.

Objectives and Activities

Edgware PCC has the responsibility of co-operating with the Team Rector, Team Vicars and any other clergy of the Parish of Edgware in promoting the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England and the whole mission of the Church: pastoral, evangelistic, social and ecumenical.

The PCC is aware of the Charity Commission’s guidance on public benefit (in particular the guidance on “The Advancement of Religion for the Public Benefit”) and have regard to it in their administration of the Parish.

The PCC believes that, by fulfilling its responsibility to work together with the incumbent in the Parish and co-operate in all matters of concern and importance for the promotion of the whole mission of the Church, pastoral, evangelistic, social and ecumenical, it provides a benefit to the public by continuing the following activities:

Among other things, the PCC is responsible for the parochial budget and all expenditure, for the care and maintenance of church and hall fabric and grounds, and for any action on other matters referred to it in accordance with the Edgware Team Scheme of 2000 and the Church Representation Rules and is the normal channel of communication between parishioners and the Diocesan Area Bishop.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware

Registered Charity 1131803

Mission Statement:

We exist to transform communities by empowering people to live out God’s love and hope in a church where everyone is welcome.

Aim

Our primary aim remains to so preach Christ in word and deed that people are brought into the Christian faith, become active church members and are built up into fruitful mature Christians. In addition to seeing individuals grow, we want our churches to become fully developed communities, providing the leadership necessary for self-sustained growth.

Values

We continue to hold our shared values with the London Diocese 2030 :

We achieve our objectives by committing ourselves to working in the key areas below:

Welcome and fellowship.

Creating a space / atmosphere of welcome and building fellowship ( of belonging ) for people from every background (access activities, etc.).

Worship

Accessible, inspirational, renewing, diverse and relevant.

Discipleship

Opportunities for growth at different stages of the faith journey (Sunday school, Life groups, nurture, growth courses, spiritual discipline ), purpose-focused groups, multi-dimensional small groups, fellowship-focus groups

Children, Young People and Families

Investment in children and young people’s ministry within the church and in our communities

Community Outreach (Mission)

To employ creative and relevant methods of evangelism and compassionate community action so that we may be good news to our communities.

Parish Actions: To be decided by Local Leadership Teams as they work out their priorities.

Strategies and Activities

Given the two-tier nature of our parish, the PCC sees its role as that of resourcing, co-ordinating and facilitating the distinct missions of our 3 district churches to carry out their own local mission and ministry aims in their distinctive contexts, not least by ensuring the continuation of 3 stipendiary clergy. Thus, firstly, we continue to put the necessary administrative and organizational structures in place for the smooth running of the Team and growth of our churches. We also ensure we have the financial resources we need by maintaining our buildings to maximise lettings income so that they can pay for themselves and the administrative support we need, as well as increasing planned giving to cover our mission and ministry costs.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware

Registered Charity 1131803

Secondly, and most importantly, we want to integrate people into church life, teaching and training all our members though life-long learning to be Christ’s disciples, in the first instance by achieving all four of the goals of our Mission Action Plan, under the headings Worship, Discipleship, Children & Youth Work, and Community Outreach.

Contribution of Volunteers

The PCC is very reliant on the time and expertise of church members to help it in achieving its objectives. This ranges from those involved in Sunday services, including musicians and children’s workers, to those responsible for managing our finances and buildings, as well as the many who sit on the various committees and working groups. As a Self-supporting Minister, Rev Kostakis Christodoulou serves the parish without payment, blessing us by leading, preaching and exercising pastoral ministry. The PCC wishes to express our heartfelt thanks to all who contribute to the ministry of the church, especially Maureen Barnard.

Grant Policy

The PCC gives away at least 10% of its unrestricted donor income to individuals and organisations as chosen by the DCCs. The PCC reviewed our mission giving strategy and streamlined the number of charities we support as a parish to improve the impact and reach of our donations.

Achievements and Performance

Electoral Roll & Church Attendance

The figures below show the roll numbers on 31[st] December 2021. Our online worshipping community has dropped after lockdown. At St Margaret’s we lost our online group from overseas when Sally and Hammad Baily moved to their new post at Holy Trinity Hounslow.

St M St A St P Parish
Electoral roll 79 59 62
200
adult worshipping community 2021 51 52 46 149
youth worshipping community 2021 12 8 31 51
Baptisms in 2021 1 2 0 3
Confirmations in 2021 0 0 0 0

Review of the Year

The PCC met eight times during the year, the three Local Leadership Teams met as required during the year and minutes of the working group meetings were received by the full PCC and discussed where necessary.

Administrative and organizational structures

We continue to employ 2 office staff to carry out operational level administration of the Parish; one focuses on general administration and the other on buildings and maintenance.

Following the pandemic and other planned management decisions, the number of hours of our administrative employees were reduced to meet the parish requirements from May 2021.

We are thankful to our treasurers, the wardens and clergy who work tirelessly in various parish working groups.

Stewardship was re-appointed as Independent Examiners following the success of their work in 2020.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Rector’s Report

2021 was a year of recovery from a very horrible pandemic. Edgware Parish was not exempted from the horrors of COVID-19, as we lost long-standing and faithful members during the early part of the year. I pay tribute to John Tabi and Inge. May their souls rest in God’s eternal peace.

We continued to open our churches for worship, learning and community gatherings, despite activities being affected by the ‘stop and start’ of lockdown rules in the early part of the year. The gathered community begun to assemble in our churches albeit slowly. We adopted the new ways of meeting – the hybrid way and conducted services both in person and online. We are thankful to our leadership, worship, and technical teams for their hard and faithful service. Many of you went the extra mile as we faced challenges of lockdown and technology. I anticipate that we will continue to stream our services for the foreseeable time.

The resilience of our churches and our faith have been tested. Many have come out of the pandemic spiritually invigorated and wanting to grow ever closer to God. While others have felt further from the grace and struggling with their relationship with God and his Church. This has affected the level of volunteering in some cases and the call to examine our vocations is growing louder.

We bade farewell to Rev Sally and Hammad as they were called to a new ministry in the Hounslow. We are thankful for her energy enthusiasm and faithfulness to God. Under her leadership, many have grown in their relationship with God and in their vocations. Her departure left us with questions regarding clergy staffing and deployment. A parish farewell event was organised at the end of July.

Following discussions with Area senior staff, a proposal was made to the PCC to focus on the unity of the Parish and how we resource it for mission in the medium term. There will be no appointment of a Team Vicar at St Margaret’s Church, but we will appoint a minister who could bring skills that may be required to enhance our work in achieving the Parish’s missional goals alongside the needs of St Margaret’s Church. A Parish Curate will be appointed in July 2022. This will mean that there would be an internal re-organisation of ministers in the Parish to ensure that St Margaret’s is adequately covered by the clergy team.

The leadership teams of the three churches have met regularly during the year. We identified children and families’ ministry as mission critical and a big effort was made to recruit a minister to work along volunteer ministers. The PCC agreed a budget for a full-time worker for a two-year fixed term. We made two attempts to recruit, but both failed due to lack of personnel. The three Leadership Teams attended a day of prayer for reconciliation and unity at the Niland Centre, Bushey. A Parish Day Away is scheduled for 2022.

Life Groups continue to be place of nurture and growth. We completed courses on Lent, stewardship and Old Testament promises about the Messiah during the year.

Vocations are being encouraged. Two members are on the Licence Lay Ministers course at St Edmund’s College while another is exploring ordained ministry.

We continue to take the lead at Edgware and District Churches and coordinate the ministers’ prayer meetings. Through our leadership, local churches held online and in-person joint services during the year, including the ‘thy Kingdom Come’ prayer initiative and Christmas outreach at the Broadwalk Shopping Centre. We led a joint Alpha course at the beginning of the year.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Progress report on mission and strategy from the Districts

St Margaret’s Church

The Local Leadership Team at St Margaret’s remains focused on the delivery of the vision for the church throughout 2021:

To be a sanctuary reaching out with God’s love and hope; equipping and empowering people to proclaim the good news of Jesus.

The year started with an Alpha training day and St Margaret’s lead the Alpha course on zoom as a joint initiative with Edgware & District Churches. This was advertised on the Alpha website, so we were also joined by people from around the UK, Ireland and Norway,

The community space became the focus for outdoor activities throughout the year as the volunteer gardening team continued to keep the space blooming. The space was frequented by young and old alike, hosting an Easter egg hunt Saturday 3[rd] April for children and families in the local community. This was followed by our Family Fun Day Saturday 24[th] July which consisted of our Tower Tours engaging the community with the history of St Margaret’s as well as activities for young people and families. Free family film nights have been continuing once a month with a gap in line with covid restrictions. This attracts the local community especially families with young children but also adults too,

Our annual multi-faith Remembrance Sunday service took place in person at the war memorial on Sunday 14[th] November. Our annual Edgware Town Carol Service went ahead in church on Wednesday 15[th] December with the Mayor of Barnet, businesses and community groups represented.

The COVID19 pandemic continued to provide opportunities for growth and deeper relationships across our community. Weekly reflections, pictures and news articles are circulated via Mailchimp to a growing list of people connected to the church The Newsletter reflection is now written by various members of the Leadership Team, All our services continue live on zoom from the church to local members, Facebook and YouTube .Our daily Morning Prayer which continues to meet on zoom has had the addition of 2 new leaders to enable the addition of Fridays to enable this ministry to take place each weekday. Our Life Group continues online with some fluctuation to the numbers over the year therefore two groups merged into one and once again steadily grew. The local team vicar Rev Sally Baily and her husband who was our worship leader left August 4[th] to take up a post at Holy Trinity Hounslow. The Rector, Rev Francis Adu-Boachie has taken on responsibility and oversight of the running’s and pastoral matters at St Margaret’s with the support of Rev Kostakis our SSM. A new worship leader was appointed by Rev Sally prior to her leaving and remains in post.

The Make Lunch club for disadvantaged families connected to our local school continued with weekly food deliveries in the first half of the year using surplus food collected from Tesco Express supermarket through a partnership with FareShare to reduce food waste. This initiative ended mid mid-way through the year due to lack of volunteers and also the number of families in need of this were decreasing. The food collection from Tesco’s however continued with the food used for the weekly coffee mornings and distributed to people in need. The Growing Leaders Youth club continued to meet bi-weekly online to support the mental health and wellbeing of teenagers across the parish which also stopped mid-year due to the transitions the parish underwent as the vicar left.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware

Registered Charity 1131803

Coffee morning restarted with table service and social distancing in the Autumn. We deep cleaned the kitchen had our environmental health check in October, we received a Hygiene rating of 4 The lunches started small but have grown slowly with a large group enjoying a Christmas dinner together in December.

Powerpraisers started fortnightly online for the children to engage with a Sunday service designed for them and restarted in person in Truth Hall during the Sunday service, once restrictions allowed, they ended the year with a Christmas party, and it was decided to put on hold temporarily in the New Year due to a lack of volunteers and some leaders being away.

We are blessed by some dedicated and hardworking volunteers to help with all this work but are always hoping for more people to help us.

St Andrew’s Church

2021 was a beginning of the journey back form COVID which had a devastating effect on the world far and near. We at St Andrew’s Church felt it badly. We pay tribute to John Tabi, a former warden of St Andrew’s whom we lost to COVID-19. For St Andrew’s it was a year of re-engagement and consolidation, so we did not seek to do anything new, but we are thankful to God for bringing us this far.

Mission statement: We are called to love and serve our community by the power of the Holy Spirit, and we commit ourselves to achieving our goals through the following:

Worship and Disciples: To encourage members of the congregation to learn together through life groups and Sunday teaching slots, so that we may grow together into the fulness of Christ.

Worship continued in person and on-line, as some of our members continued to stay home and others joined us live on Facebook. By the end of the year 75% of the congregation were attending Church services. Personal devotions have increased, and we have sustained the regularity of prayer meetings and study. Life Groups have continued on Monday and Friday during the year. The groups have also served as places of pastoral support.

Children: We aim to facilitate the whole development of children and young people (spiritual, educational, emotional, social, etc) so that they may fulfil God-given potential.

Ministry to children and families were inconsistent. Family movies resumed in September and a Christmas party was organised for the community. This was well-attended and appreciated.

The Parish’s effort to recruit a children and family worker was unsuccessful as the candidates’ skill did not meet our criteria. We are thankful to Children’s team, who are doing their best in the circumstances. There was a joint Christmas event for the Pre-School.

Community outreach: To be instruments of God’s love, offer practical support and assist community building.

Together on Tuesdays has been meeting in the year in Church with various activities aimed at building communities. The annual Strawberry Tea was successful and well supported by the Leadership Team. We need people to help run the activities.

We have supported families through the Food Support Scheme thanks to the generosity of members of the congregation. My thanks to the outreach team.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Fabric and Presentation : To maintain the church building to a high standard and present the Church on online platforms to the glory of God and for the benefit of the community.

The care of our buildings has been a priority. As well as the general maintenance, we completed the replacement of the damaged flooring in August. However, we found some major defects in the work. The Architect, wood supplier and contracted company (Love your flooring) have agreed to review the work in the spring so as to ascertain what action needs to be taken. The work is under two-year guarantee and the wood has a 25-year warranty. The Leadership Team agreed to refurbish the kitchen in 2022.

St Peter’s Church

2021 should have a year of celebration at St Peter’s and on the estate because it was the fifth anniversary of OneStonegrove. Sadly, things didn’t turn out as we had hoped due to COVID, but we were visited by Bishop and Archdeacon on the anniversary of the building’s dedication at a parish service. This time the Bishop was more gentle and didn’t leave any marks on the doors or walls!

Although giving by members plummeted in 2020 and 2021 due to the pandemic, we were blessed by the amazing generosity of one member who donated her car to the church to be sold for emergency funds. We thank God for this person and her ministry to the church.

We were also blessed by new members joining and increasing the ethnic diversity of our fellowship – and our first full immersion baby baptism. We also thank God for the ministry of Sirous Esfanyari, who was baptized in 2019 and is now in his final year of Licensed Lay minister training with the London Diocese. However, we acknowledge the pain of loss as longstanding members moved on to glory (Richard Sawyerr) and back to Ghana (Cecilia Boamah) while others were able to take advantage of the economic situation and move outside London. Altogether this included 6 families with 10 adults and 7 children.

We were blessed through the purchase of a new church audio-visual system which not only helped us to increase the quality of sound and vision but also provided new opportunities for young people to volunteer. Particular thanks are due to Evgeni Daskalov and Alex MacKnuff for this. The system means that we can continue to offer hybrid worship on Sundays which allows members to join through zoom. We also continue with our daily service of prayer on WhyPay on Monday to Saturday, a conference call platform which has become a vital support for the ministry of the whole church.

However, the flip side of this success has been that return to in person worship was gradual because of a combination of people having grown comfortable with zoom and genuine concern about infection. Some activities remained paused for most of the year including Play and Stay, Messy Church and Sunday children’s work but St Peter’s did put on a Light Party which 32 attended.

Although their Sunday activities were paused, members of the youth and children’s teams were blessed by regular input through training from experienced youth work consultant Samantha Scott who also runs the Stonegrove Estates Youth Project. Training was also given to 8 young people from the church 3 of whom who now serve as Junior Leaders in the community youth project, playing their part in our mission with the local community.

Blessing comes from God and leads to human flourishing. This was clearly demonstrated through the fruit of partnership working in 2021, perhaps most when the Stonegrove Community Trust stopped their foodbank related work as funding dried up and space was needed for other activities. With the help of old (Jesus House – Christmas Lunch On Jesus) and new partners, St Peter’s continued to provide food on a regular basis for between 8 and 32 households with an average of

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

45 individuals of whom around 45% are under 16. The people we help include some with long term health issues or disabilities; others with past and current substance abuse issues; others with mild to moderate mental health issues; large single-parent families; asylum seekers; rough sleepers; and individuals and families who are just about coping following benefit cuts. Our principal partner is the Harrow-based My Yard charity but we also received deliveries from Hindu temples at Diwali, Sikh Gudwaras and local synagogues as Mitzvot (good deeds) as well as local people with a heart for the disadvantaged. We also cooperate with Day’s and Atkinson’s almshouses, a small local charity providing housing in this ministry.

A biblical understanding of human flourishing is holistic, which is why we sponsored a local artist to work with local people on a creative arts-focused project based on angels. This project was funded by the WestHill Endowment and can be viewed as “Angels of Stonegrove” on the internet. It is also why we partnered with LivingWay Ministries from Grahame Park in a project called Sowing Stitches which successfully gained funding from the Mayor of London and will be launching in 2022 to provide training in tailoring so that local people can learn how to make and sell clothes.

We thank God that our partners in OneStonegrove, the Stonegrove Community Trust who manage the building on our behalf share our vision to bless the local community. In 2021 they embarked on a series of upgrades to the building to enhance its environmental sustainability. The projects included a new heating control system, plans for 2 electric vehicle charging points (not completed in 2021) and plans for a large photovoltaic array on the roof. Because of his experience in such projects, our Rector Rev Francis Adu-Boachie was asked to join the Trust’s Environmental Committee. This highlights how Edgware Parish can work together. Due to issues with the heating pipes across the whole of the Stonegrove Estate, a Charities Act report was prepared so that necessary works could take place at OneStonegrove.

Our pastor, Rev Simon completed his Study Leave at the end of the year with an extended theological reflection on urban estate and regeneration ministry and a 6 session course on blessing which will be trialled across the whole parish in early 2022. Some of the insights had already been shared at Local Leadership away days for St Peter’s and the whole of Edgware Parish. However, perhaps the key insight was that St Peter’s has been blessed as a community to bless our communities – for which we thank God.

SEYP (Stonegrove Estates Youth Project)

January 2021 was a challenging start to the year with a further lockdown from January - March 2021. However, from April 2021 SEYP returned to delivering face-to-face activities starting with Leadership development sessions for young people with lunch provided by an organisation called With Compassion (group of professional chefs cooking and delivering meals to those in need during the COVID-19 crisis). Following on from this, face-to-face activities consisted of the Pilot Drop in Lunch Club, Afterschool Club, Youth Club and Holiday activities during the summer break. The focus of the project was to deliver various activities to improve the mental health and wellbeing of beneficiaries, this included the provision of free meals and exercise activities in response to the impact from the pandemic on children and young people.

As a result of returning to face-to-face delivery SEYP facilitated further leadership development opportunities for young people through volunteering roles. To date three young people have been employed as Young Leaders and three young people are Young Volunteers. Additionally, beneficiaries raised funds to provide Christmas gifts for homeless people which were presented to Edgware and Hendon Reform Synagogue who in turn delivered them to Homeless Action in Barnet and as a result the charity have invited the young leaders to visit their charity base.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware

Registered Charity 1131803

SEYP delivery for 2021 had been challenging as the impact of coronavirus had severely reduced the staffing compliment and the project had to reduce their weekly sessions pre pandemic from four to two sessions a week. Ongoing capacity building had to take place alongside the delivery of sessions, though despite the challenges the project is re-establishing itself as a developing CYP project. Relations with parents and the wider community are ongoing and currently the staffing compliment consists of four residents from the surrounding estate.

Funding from Young Barnet Foundation and Peabody Housing Association (administered through the London Community Foundation) has now come to an end with John Lyons Charity as our principal funders. Additional funders will need to be sourced to secure the sustainability of the project. Plans for 2022 will include ongoing capacity building which includes the recruitment of a qualified and experienced Children’s worker.

Edgware Parish Properties 2021

Once again we thank God for His generous provision of properties for the parish. In 2021 the oversight for parish properties remained with the Standing Committee due to the commercially sensitive nature of major property related matters and the need to be able to make quick decisions. However, matters are still discussed and ratified by the full PCC. This report will focus on parish properties only because matters relating directly to the mission of the district churches are dealt with in their general reports.

Despite starting in 2019, negotiations on the lease of Edgware Parish Hall by a Montessori nursery continued throughout 2021 with the help and advice of our surveyor and solicitor and the London Diocesan Fund (LDF). The operator continued to pay rent on the building, although there are still historic costs (eg for utilities) which will need to be recovered when the lease is finally signed.

A new fire security alarm system was installed in the Parish Hall in January 2021 and works well.

Although it does not belong to the parish, the site of the former rectory caused issues both for the nursery (noise and nuisance due to the construction of 52 flats) and later for the parish due to questions of land ownership around a section of land currently occupied by part of the nursery’s garden. The parish agreed to transfer this land to the London Diocesan Fund as glebe land to regularise the situation. The Diocese agreed that there would be no charges on the land until the end of the current nursery lease.

Work on converting the parish property at 50 Fairfield Crescent into 2 separate flats in order to help sustain the mission and ministry of the parish continued through 2021. The expected completion date is mid-2022. The funding comes from a mission grant from the London Diocesan Fund out of the surplus from the sale of the site of the former Rectory. The works are being overseen by Dick Dykes, a qualified and experienced architect highly recommended by the Diocese.

Our last Quinquennial inspections took place in 2017 and there are no outstanding issues to be addressed, so our buildings will be undergoing inspections in 2022, including for the first time OneStonegrove and St Peter’s Vicarage. We will also be investigating the use of land between the Parish Hall Scout Hut.

Trustee Working Group report

The following staff changes took place during 2021. Employment of the Administrator was terminated on the grounds of redundancy on 11 June 2021. A new post was created of Edgware Parish Communications Administrator on 15 hours on a fixed term contract and started employment on 6th of July 2021; The hours were increased to 17 hours on 1[st] February 2022.

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St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Edgware Parish Children and Families’ Worker was advertised on a part time basis during 2021 and readvertised as a full-time post for 36 hours a week (£23,000-£26,000) on a two-year fixed contract. Interviews were held on 17th December 2021. However, no appointment was made, and the post is being readvertised on the London Diocesan website.

The hours of the Properties Co-ordinator changed on the 1[st] October 2021 from 6 hours to 4 hours a week.

Financial Review

During the year the PCC’s income increased by £247,000 to £713,000, and expenditure decreased by £29,000 to £351,000. After a gain of £2,000 (2020: £1,000) on the revaluation of its investments, the PCC has reported a surplus of £364,000. In addition, the PCC spent £103,000 on the development of 50 Fairfields Crescent, which has been capitalised and included in the PCC’s balance sheet.

This year’s increase in income was largely due to a grant of £323,000 (2020: £20,000) received from the Diocese to help fund the development of 50 Fairfield Crescent. This was partly offset by a reduction of £66,000 in other grant income, which was expected as some of the grants received in 2020 were for one off initiatives (e.g. the Culture recovery grant and the protective security grant). The PCC also benefited again from exceptional legacy income of £100,000 (2020: £94,000).

Without the Diocesan grant and legacy income, the PCC’s income this year would have been £290,000 and the PCC would have reported a deficit of £60,000. Legacy income is an unpredictable source of income and the PCC is seeking to increase its income from other sources so that it is not reliant on legacy income, or the reserves it has accumulated, to cover its usual expenditure.

The charity’s net assets increased by this year’s surplus of £364,000, to £656,000. Net assets include cash of £532,000, of which £242,000 is unrestricted and £290,000 is restricted. Restricted cash includes £228,000 held for the development of the property at 50 Fairfield Crescent, which will be spent in 2022.

Remuneration to PCC

One of our PCC members is employed by the Parish on a part time basis. Catherine Taylor works at St Andrew’s church. She is paid at an hourly rate equivalent to the London Living wage and her total reimbursement from the PCC was £1,001 (2020 £1,805). Catherine does not earn enough to pay NI contributions or to have to contribute to a stakeholder’s pension. Payment was made under the Charities Act 2006; the Church Representation rules and the PCC Powers (1956). In the initial lockdown we received reimbursement for 80% of her salary via the furlough scheme and Catherine also generously decided to take unpaid leave for some of the time when our buildings were not in use

Hammad Baily (St Margaret’s vicar’s husband) was the Music Director for St Margaret’s and invoiced us for £2,190 (2020: £3,440). Some of this included worship on- line for joint ventures with Edgware & district churches.

Donations by members of PCC and close family

The aggregated donations by PCC members and connected parties were £40,140 compared to £42,475 in 2020 and included a generous one- off donation.

Page 13

St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware Registered Charity 1131803

Reserves Policy

The PCC aims to hold free reserves of £100,000, which equates to about 3 month’s projected expenditure so that the PCC could continue to operate should income and / or expenditure vary unexpectedly. The PCC considers free reserves to comprise the cash held in unrestricted general funds plus the cash held in the designated funds created for legacies received by the charity. At the year-end the PCC held free reserves of £161,000 and the PCC is complying with its reserves policy. The PCC notes that it benefitted from significant legacy income in 2021 and 2020, which have bolstered the PCC’s free reserves.

Safeguarding

Edgware PCC takes the safety of all vulnerable people very seriously. We are committed to safeguarding children, young people and vulnerable adults to worship and grow safely as disciples of Christ. With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The PCC appointed a new Parish Safeguarding Officer to the role in 2021. During the year, the PCC members have discussed Parish and local team policies and talked through who is required to do what level of safeguarding training. The Parish has been encouraging all non-contact volunteers to undertake the online C0 and C1 Safeguarding Training, and where further training is required or certificates are due to expire, information has been sent out to enable members of the Parish to complete the online training. Risk assessment for Parish events and activities were discussed at PCC meetings. Safeguarding is on the Agenda of all PCC meetings to remind members of their obligations, of training and DBS checks. The DBS checker left in 2021 and a new one has had to be trained this year, we are now in the process of contacting everyone who requires a DBS check, and those who’s certificates are about to expire. The Edgware Parish Safeguarding Policy may be found on the parish website on the Welcome page and on each of the 3 church’s pages. The Diocese safeguarding team continue to give us excellent support and advice.

Statement of Responsibilities of the Members of the Parochial Church Council

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently

  2. observe the methods and principles in the Charities SORP

  3. make judgements and estimates that are reasonable and prudent

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 14

St Margaret’s, St Andrew’s, St Peter’s The Parochial Church Council of the Ecclesiastical Parish of Edgware

Registered Charity 1131803

Approved by the PCC on , and signed on their behalf by:

The Revd. Preb. Francis Adu-Boachie (Team Rector & Chairman)

Henry Acquah (Parish Warden)

Jayshri Halai (Parish Warden)

Page 15

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

THE PARISH OF EDGWARE

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 17 to 30 following, which have been prepared on the basis of the accounting policies set out on pages 20 to 21.

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 Charity's 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no 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.

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page 16

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Other income
Total Income and Endowments
EXPENDITURE ON
Charitable activities
6
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
13
Total funds carried forward
13		 Unrestricted
Funds
£
236,905
38,178
78,233
24
1,590
354,930
282,088
282,088
-
72,842
102,620
175,462
177,846
353,308		 Restricted
Funds
£
357,687
-
-
353
-
358,040
68,475
68,475
-
289,565
(102,620)
186,944
101,955
288,900		 Endowment
Funds
£
-
-
-
-
-
-
-
-
1,767
1,767
-
1,767
12,159
13,926		 Total
Funds
2021
£
594,592
38,178
78,233
377
1,590
712,970
350,563
350,563
1,767
364,174
-
364,174
291,960
656,134		 Total
Funds
2020
£
339,961
32,216
93,694
425
0
466,296
379,150
379,150
758
87,905
-
87,905
204,055
291,960

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 20 to 30 form part of these accounts.

Page 17

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank
11
CREDITORS: Amounts falling
due within one year
12
Net Current Assets
NET ASSETS
FUND BALANCES
13
Unrestricted funds
Designated funds
General funds
Restricted funds
Endowment funds		 Unrestricted
Funds
£
102,620
-
102,620
18,933
242,133
261,066
(10,378)
250,688
353,308
237,244
116,064
353,308
-
-
353,308		 Restricted
Funds
£
-
-
-
112
289,672
289,784
(884)
288,900
288,900
-
-
-
288,900
-
288,900		 Endowment
Funds
£
-
13,926
13,926
-
-
-
-
-
13,926
-
-
-
-
13,926
13,926		 2021
£
102,620
13,926
116,546
19,045
531,805
550,850
(11,262)
539,588
656,134
237,244
116,064
353,308
288,900
13,926
656,134		 2020
£
-
12,159
12,159
15,462
286,214
301,676
(21,875)
279,801
291,960
147,803
30,043
177,846
101,955
12,159
291,960

The financial statements were approved by the PCC and were signed on its behalf by:

----------------------------------------------------------------------------Revd Francis Adu-Boachie (Chair) Date Charity Number: 1131803

The notes on pages 20 to 30 form part of these accounts.

Page 18

ST. MARGARET'S, ST. ANDREWS, ST PETER'S

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

FOR THE YEAR ENDED 31 DECEMBER 2021

CASH FLOW STATEMENT

Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
a
Cash flows from investing activities:
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
b
b
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting
Cash and equivalents at the beginning of		 2021
£
348,211
(102,620)
(102,620)
245,591
286,214
531,805		 2020
£
114,177
-
-
114,177
172,037
286,214

Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities

Adjustments for:
(Gains)/losses on investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Note b: Analysis of cash and cash equivalents
Cash at bank
Total cash and cash equivalents
Net income/(expenditure) for the reporting period (as per the statement of		 2021
£
364,174
(1,767)
(3,583)
(10,613)
348,211
2021
£
531,805
531,805		 2020
£
87,905
(758)
21,874
5,157
114,177
2020
£
286,214
286,214

An 'Analysis of changes in net debt' has not been presented because the PCC does not have any borrowings.

Page 19

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Statutory Information

The Parochial Church Council of Edgware Parish is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of fixed asset investments (which are measured at fair value through the Statement of Financial Activities). The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC has made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment, the trustees have considered how COVID-19 may affect forecasts.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats, other events and the hire of church buildings to groups and organisations in furtherance of the PCC's charitable objectives.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity; it comprises income from the letting of church property.

The PCC receives a significant amount of income from lettings it's facilities and this income is disclosed separately in note 4 'Income from charitable activities' and note 5 'Income from other trading activities'. In the opinion of the charity, the rest of the charity's income comes from just one activity, which is the advancement of the Christian faith.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

Page 20

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting policies continued

c) Expenditure continued

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

The cost of raising funds (namely expenses in respect of the income disclosed in note 5 'Income from other trading activities') is not significant and has not been separately disclosed.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. In the opinion of the members of the PCC, the charity has just one activity, which is the advancement of the Christian faith. Though this has a number of expressions, the charity's costs are very integrated and all expenditure is considered to be for just this one overarching activity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Over 50 to 100 years Equipment (if any) Over 3 to 7 years

f) Fixed asset investments Fixed asset investments comprise investments in CBF Church of England Income Shares. They represent endowment funds and are held for their income generating potential. They are included in these accounts at their quoted market value at the balance sheet date.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The charity has taken advantage of various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of any loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on loans in future years).

Page 21

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

3 Donations and legacies

ations and legacies
General donations
Legacies
Gift aid recoverable
Non-governmental grants:
Diocesan grant for the development of property
Other grants
Government grants:
Places of Worship protective security grant
Culture recovery grant
Job Retention Scheme grants		 2021
£
127,980
100,000
26,266
323,059
14,649
-
2,320
318
594,592		 2020
£
106,144
94,048
22,846
20,000
36,854
25,728
20,880
13,462
339,961
4
Income from charitable activities
Fees from occasional services
Lettings for charitable and community use
Church activities
5
Income from other trading activities
Lettings to generate income
6
Charitable expenditure
(a)
Direct costs
Parish share
Other ministry expenses - adults
Other ministry expenses - outreach
Other ministry expenses - youth and children
Other ministry expenses - other
Expenses incurred by ministry staff
Church running expenses
Church maintenance
Insurances
Upkeep of churchyard & grounds
Hall maintenance and running costs
Church major repairs
Other premises costs
Missionary and charitable giving
Note 6c
(b)
Support costs
Governance costs
Independent examiner's fee for preparing and examining the accounts
Administrator employment costs
Other administrative expenses
Legal and professional fees
Letting agent fees
Total expenditure		 2021
£
1,506
32,985
3,687
38,178
2021
£
78,233
78,233
2021
£
150,000
12,977
5,568
21,367
4,211
8,018
19,730
7,234
7,718
13,279
18,844
29,645
2,677
13,151
314,419
4,140
21,011
6,227
2,357
2,409		 2020
£
30
28,774
3,412
32,216
2020
£
93,694
93,694
2020
£
150,010
4,960
3,021
17,785
6,403
7,185
19,754
8,661
7,591
9,984
25,722
50,898
6,024
10,752
328,750
3,840
25,319
5,393
13,026
2,822
36,144 50,400
350,563 379,150

The fee payable to the independent examiner for preparing and examining the accounts was £4,140 (2020: £3,840); in addition the charity paid £737 (2020: £720) to Stewardship for payroll bureau services.

Page 22

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

6
(c)
Missionary and charitable giving
Missionary support
Relief of poverty
The comparatives for the previous year are as follows:
Missionary support
Relief of poverty
The charity's principal grants to institutions comprised:
Church Pastoral Aid Society
Church Mission Society
Edgware and District churches
Open Doors Ministry
Other missionary support grants for less than £1,000 each		 Institutions
£
10,345
-
10,345
Institutions
£
9,516
-
9,516		 Individuals
£
-
2,806
2,806
Individuals
£
-
1,236
1,236
2021
£
2,034
2,034
1,777
2,000
2,500
10,345		 2021
£
10,345
2,806
13,151
2020
£
9,516
1,236
10,752
2020
£
2,034
2,034
865
2,000
2,582
9,516
7
2021
£
Gross wages and salaries
26,986
Pension costs
224
27,210
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2020
£
33,260
818
34,078

Gross wages and salaries includes termination payments totalling £3,501 (2020: £nil).

The average monthly number of employees during the year was 4 (2020: 4). Most of the charity's activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

During the year Catherine Taylor (who is a member of the PCC) was employed by the PCC and paid £1,001 (2020: £1,805) for helping maintain church property. These payments are allowed by the regulations that govern the charity. No other employment benefits (2020: £nil) were paid to the trustees, who are the only members of key management.

Rev'd Preb. Francis Adu-Boachie, Rev'd Sally Baily, and Rev'd Simon Rea (who are, or were, clergy members of the PCC) receive a stipend from the Diocese and so are not employees. Some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. They were also provided with accommodation (which is customary for clergy) and the cost of that accommodation to the PCC was £6,656 (2020: £4,993).

Except for the reimbursement of expenses incurred when acting as agent for the PCC, or incurred when undertaking duties associated with serving as clergy, no expenses (2020: £nil) were paid to (or for) members of the PCC.

Page 23

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

8 Tangible Fixed Assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Church
buildings
£
5,218
-
5,218
5,218
-
5,218
-
-		 Church
halls
£
15,200
-
15,200
15,200
-
15,200
-
-		 Church
houses
£
3,500
102,620
106,120
3,500
-
3,500
102,620
-		 Total
2021
£
23,918
102,620
126,538
23,918
-
23,918
102,620
-

In accordance with guidance issued by the Diocese of London, non-beneficed property have been included at their original purchase price, plus the cost of subsequently developing those properties, less accumulated depreciation. The original purchase price was determined by researching archived records; estimates have been used where no reliable information was available.

During the year the PCC commenced work on re-developing the property at Fairfield Crescent, which is one of the church houses. The re-development involves the conversion of a single dwelling into two flats. During the year £102,620 was spent on the redevelopment and it is estimated that about £250,000 will be spent in 2022 to complete the project. During the year the PCC received a grant of £323,059 from the Diocese to help fund the re-development.

Church buildings comprise the St. Andrew's church building at Lynford Gardens HA8 8TZ.

Edgware Parish Hall
Stephenson's Hall
Truth Hall
Parsonage Lacey Drive
Fairfield Crescent
Cost brought forward
Expenditure incurred in year to re-develop the property
Church halls comprise:
Church houses comprise the properties at:		 1,000
102,620		 10,000
5,000
200
15,200
2,500
103,620
106,120

9 Fixed asset investments

d asset investments
Market value brought forward
Change in value of investments
Market value carried forward		 Education
Repair
fund
fund
8,141
4,018
1,182
585
9,323
4,603
CBF Income Funds		 2021
£
12,159
1,767
13,926		 2020
£
11,401
758
12,159

10 Debtors and Prepayments

Tax recoverable
Lettings debtors
Accrued income
Other debtors		 2021
£
10,615
4,715
3,272
443
19,045		 2020
£
6,919
8,543
-
-
15,462

Page 24

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

11 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank
itors: liabilities falling due within one year
Trade creditors
Accruals
Other creditors
Grant making obligations		 2021
£
531,805
2021
£
3,258
4,080
224
3,700
11,262		 2020
£
286,214
2020
£
17,854
3,840
180
-
21,875

12 Creditors: liabilities falling due within one year

13 Funds

During the year the movements in the charity's funds were as follows:

Designated funds
St. Margaret's Fabric
St. Margaret's Youth
St. Andrew's Fabric
General legacies
St. Peter's legacies
Parish emergency repairs
Stonegrove Estates Youth Project
Fairfield renovation
Hardship
General unrestricted funds
Total unrestricted funds
Restricted funds
St. Margaret's
Special Projects (fabric)
Church Tower Refurbishment
COVID culture
Music
St Andrews
Special Projects (fabric)
Family Worker
3Bs
St Peters
Youth Work
Fabric
Hospitality
Music (gift day)
Angel Project
PCC
Edgware & District Churches
Harriet Hurst Education
Harriet Hurst Repairs
Hardship
Fairfield renovation
Stonegrove Estates Youth Project
Total restricted funds		 Opening
balance
2021
£
31,575
6,853
3,474
47,998
8,318
285
4,300
45,000
-
147,803
30,043
177,846
4,619
2,218
12,776
120
2,234
18,804
332
6,500
4,048
600
2,113
-
4,421
752
381
5,018
7,094
29,926
101,955		 Incoming
resources
2021
£
250
-
-
100,000
-
-
-
-
3,000
103,250
251,680
354,930
-
-
2,320
2,544
13,000
-
-
-
-
-
-
2,000
-
176
117
2,750
323,059
12,074
358,040		 Outgoing
resources
2021
£
(9,019)
(1,029)
(2,118)
-
-
(285)
-
-
(1,358)
(13,809)
(268,279)
(282,088)
(200)
(2,196)
(15,096)
(2,108)
(14,937)
-
-
(1,099)
(3,726)
-
-
(1,792)
(1,867)
-
-
(1,236)
-
(24,218)
(68,475)		 Transfers
in the year
2021
£
-
-
-
-
-
-
-
-
-
-
102,620
102,620
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(102,620)
-
(102,620)		 Closing
balance
2021
£
22,805
5,824
1,356
147,998
8,318
-
4,300
45,000
1,642
237,244
116,064
353,308
4,419
22
0
556
296
18,804
332
5,401
322
600
2,113
208
2,555
927
498
6,532
227,533
17,782
288,900

Page 25

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

13 Funds continued

Endowment funds
Harriet Hurst Church Education fund
Harriet Hurst Church Repair fund
Total endowment funds
Aggregate of funds		 8,141
4,018
12,159
291,960		 1,183
584
1,767
714,737		 -
-
-
(350,563)		 -
-
-
-		 9,324
4,602
13,926
656,134

During the year £102,620 was transferred from the restricted Fairfield renovation fund to the unrestricted general fund in respect of capital expenditure incurred in the year on the re-development of the property at Fairfield Crescent. The expenditure incurred to redevelop the property satisfied the restriction placed on the income.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Fixed asset investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
102,620
-
-
-
18,933
-
4,889
237,244
(10,378)
-
116,064
237,244
Unrestricted Funds		 Restricted
funds
£
-
-
112
289,672
(884)
288,900		 Endowment
funds
£
-
13,926
-
-
-
13,926		 2021
£
102,620
13,926
19,045
531,805
(11,262)
656,134

In the previous year the movements in the charity's funds were as follows:

Designated funds
St. Margaret's Fabric
St. Margaret's Youth
St. Andrew's Fabric
General legacies
St. Peter's legacies
Parish emergency repairs
Stonegrove Estates Youth Project
Fairfield renovation
General unrestricted funds
Total unrestricted funds		 Opening
balance
2020
£
10,453
8,274
-
80,290
137
285
10,000
-
109,439
21,976
131,414		 Incoming
resources
2020
£
18,366
225
2,000
76,037
-
-
-
-
96,628
256,938
353,565		 Outgoing
resources
2020
£
(9,091)
(576)
(396)
(6,980)
-
-
-
-
(17,043)
(290,566)
(307,608)		 Transfers
in the year
2020
£
11,847
(1,070)
1,870
(101,349)
8,181
-
(5,700)
45,000
(41,221)
41,695
474		 Closing
balance
2020
£
31,575
6,853
3,474
47,998
8,318
285
4,300
45,000
147,803
30,043
177,846

Page 26

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

13 Funds continued

Restricted funds

St. Margaret's
Special Projects (fabric)
Church Tower Refurbishment
COVID culture
Music
Protective security
St Andrews
Special Projects (fabric)
Family Worker
3Bs
St Peters
Youth Work
Fabric
Hospitality
Music (gift day)
PCC
Edgware & District Churches
Harriet Hurst Education
Harriet Hurst Repairs
Hardship
Fairfield renovation
Stonegrove Estates Youth Project
Total restricted funds
Endowment funds
Harriet Hurst Church Repair fund
Harriet Hurst Church Education fund
Total endowment funds
Aggregate of funds		 4,593
1,887
-
276
-
1,349
18,804
2,832
4,500
4,048
-
2,113
984
772
295
4,291
-
14,497
61,239
7,633
3,768
11,401
204,055		 -
356
20,880
2,769
25,728
13,412
-
-
2,000
-
600
-
2,300
115
86
2,231
9,142
33,113
112,731
508
250
758
467,054		 -
(25)
(8,104)
(2,925)
(25,728)
(12,528)
-
-
-
-
-
-
(862)
(135)
-
(1,503)
(2,048)
(17,684)
(71,541)
-
-
-
(379,150)		 26
-
-
-
-
-
-
(2,500)
-
-
-
-
2,000
-
-
-
-
-
(474)
-
-
-
-		 4,619
2,218
12,776
120
-
2,234
18,804
332
6,500
4,048
600
2,113
4,421
752
381
5,018
7,094
29,926
101,955
8,141
4,018
12,159
291,960

In the previous year £41,221 was transferred from designated unrestricted funds to general unrestricted funds to help meet the charity's operating costs. A number of transfers were also made between various designated funds to adjust the amounts set aside for specific projects and initiatives.

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Fixed asset investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
15,110
-
34,621
147,803
(19,687)
-
30,043
147,803
Unrestricted Funds		 Restricted
funds
£
-
352
103,790
(2,188)
101,955		 Endowment
funds
£
12,159
-
-
-
12,159		 2020
£
12,159
15,462
286,214
(21,875)
291,960

Page 27

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

13 Funds continued

Further information regarding the PCC's designated funds The General Legacies fund and the St Peter's Legacies fund represents monies received from legacies, which the PCC have ring fenced for use on specific projects and initiatives.

The Stonegrove Estates Youth Project fund represents monies set aside by the PCC to help continue this project should income and expenditure vary adversely.

The St Margaret's Fabric fund and the St Andrew's Fabric fund represents monies set aside by the PCC to help maintain church buildings at those locations.

The St Margaret's Youth fund represents monies set aside by the PCC to help fund youth work at St Margarets. The Fairfield renovation fund represents monies set aside by the PCC to develop a residential property by converting it into two flats.

The Hardship fund represents monies set aside by the PCC to help fund discretionary payments to people suffering hardship and deprivation in the local area.

Further information regarding the PCC's restricted funds The St Margaret's and St Andrew's Special Projects funds, the Church Tower Refurbishment fund and the St Peter's Fabric fund have been created from donations received to help meet the cost of a variety of initiatives relating to the fabric of the buildings.

The 3Bs fund was created from donations received to help fund equipment and expenses for the St. Andrew's church children's outreach.

The Edgware & District Churches fund was created from donations received annually from local churches to help fund joint mission activities run on behalf of Edgware and District churches.

The Hardship fund was created from donations received to help fund discretionary payments to people suffering hardship and deprivation in the local area.

The St Margaret's Culture COVID fund was created by a grant received from the Department of Digital, Culture, Media and Sport (via the National Heritage Memorial Fund) to help re-open churches after COVID-19.

The Protective security fund was created by a grant received from the government to help improve security at church buildings. The grant funded 80% of the cost of the improvements made. The St Andrew's family worker fund was created from donations received to help employ a church worker to care for and reach out to families.

The St Margaret's music fund and the St Peter's music fund were created from donations received to help facilitate worship at those locations.

The Fairfield renovation fund was created from grants received to develop a residential property by converting it into two flats. The St Peter's Youth work fund was created from donations received to help fund youth work at St Peter's. The St Peter's Angel Project fund was created from a grant received to help fund a creative art project.

The Stonegrove Estates' Youth Project fund provides year round activities for children and young people on the housing estates around St. Peter's Church. A summary of the fund's income and expenditure is given below:

Income
Grants receivable
Expenditure
Salaries
Activities & expenses
Other costs		 2021
£
12,074
18,471
2,747
3,000
24,218		 2020
£
33,113
12,978
1,706
3,000
17,684

Endowment funds

The Harriet Hurst Church Repair fund was created by a bequest made by Harriet Hurst in 1895. The bequest was held by the London Diocesan Fund until 2009 when, with the Charity Commission's permission, it was transferred to the PCC. The bequest has been invested (see note 9 'Fixed asset investments') and the return from the investment represents income for a related restricted fund created to help meet the cost of repairs to church property.

The Harriet Hurst Church Education fund was created from the same bequest in 1895. Again, the bequest was held by the London Diocesan Fund until 2009 when, with the Charity Commission's permission, it was transferred to the PCC. The bequest has been invested (see note 9 'Fixed asset investments') and the return from the investment represents income for a related restricted fund created to help meet the cost of education.

Page 28

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

NOTES TO THE ACOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

14 Capital commitments

Contracted for but not provided for by the balance sheet date 2021
£
236,000		 2020
£
-

The capital commitment referred to above relates to the PCC's contract for building work to the property at Fairfield Crescent. It represents the value of contracted work that had not been completed by the year-end.

15 Transactions with related parties

During the year, the PCC:

Except as disclosed in note 7 'Analysis of staff costs', there were no other transactions with related parties during the year.

Page 29

ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
13
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 General
Designated
2021
2021
£
£
133,655
103,250
38,178
-
78,233
-
24
-
1,590
-
251,680
103,250
268,279
13,809
268,279
13,809
-
-
(16,599)
89,441
102,620
-
86,021
89,441
30,043
147,803
116,064
237,244
Unrestricted funds		 Restricted
2021
£
357,687
-
-
353
-
358,040
68,475
68,475
-
289,565
(102,620)
186,945
101,955
288,900		 Endowment
2021
£
-
-
-
-
-
-
-
-
1,767
1,767
-
1,767
12,159
13,926		 Total
2021
£
594,592
38,178
78,233
377
1,590
712,970
350,563
350,563
1,767
364,174
-
364,174
291,960
656,134		 General
Designated
2020
2020
£
£
130,878
96,553
32,141
75
93,694
-
225
-
-
-
256,938
96,628
290,566
17,043
290,566
17,043
-
-
(33,628)
79,585
41,695
(41,221)
8,067
38,364
21,976
109,439
30,043
147,803
Unrestricted funds		 Restricted
2020
£
112,530
-
-
200
-
112,731
71,541
71,541
-
41,190
(474)
40,716
61,239
101,955		 Endowment
2020
£
-
-
-
-
-
-
-
-
758
758
-
758
11,401
12,159		 Total
2020
£
339,961
32,216
93,694
425
-
466,296
379,150
379,150
758
87,905
-
87,905
204,055
291,960

Page 30