2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St John's Wood, London

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Agendas and Reports for the Annual Parish Meetings

to be held in St John’s Wood Church

on Sunday 30 May 2021, from 12.45pm

OFFICERS AND POSTHOLDERS at 30 April 2021

Vicar

The Revd Dr Anders Bergquist

Associate Vicar

The Revd Kristina Andréasson

Churchwardens

Penny Greenwood-Penny 2 Bryanston Mansions, York St, W1H 1DA Tomas Freyman 19 Saltram Crescent, W9 3JR Treasurer Stephen Jones Flat, 37 Alma Square, NW8 9PY Secretary to the PCC Chloe Taysom c/o The Parish Office Electoral Roll Officer David Millar Flat 6, 14 Northwick Terrace, NW8 8JB Planned Giving Secretary Shelley Quaile c/o The Parish Office

Auditors

RPG Crouch Chapman LLP 62 Wilson Street, EC2A 2BU

Inspecting Architect Alex Sherratt Matthew Lloyd Architects, 38 Kingsland Road, E2 8DD

Parish Administrator Abigail Nimblet-Hunt c/o The Parish Office Director of Music Michael Cayton 139 Ridge Lane, WD17 4SX Assistant Director of Music Colin Stuart 3 St John’s Wood Hall Flats, NW8 7NE Hall Manager Peter Kearse 1 St John’s Wood Hall Flats, NW8 7NE Fire Safety Officer Peter Kearse 1 St John’s Wood Hall Flats, NW8 7NE Safeguarding Officer Alice Freyman 19 Saltram Crescent, W9 3JR

Children’s Advocate To be appointed

AGENDAS

Meeting of Parishioners in St John’s Wood Church Hall at 12.45pm

1 Minutes of the Meeting of Parishioners held on 11 October 2020
2 Election of Churchwardens

Annual Parochial Church Meeting in St John’s Wood Church Hall at 12.50pm

1 Apologies for absence
2 Minutes of the Annual Parochial Church Meeting held on 11 October 2020
3 To reappoint RPG Crouch Chapman LLP as Independent Examiners for the financial year ending 31 December 2021
4 Electoral Roll Officer’s report
5 Report on the proceedings of the Deanery Synod since the last APCM
6 Churchwardens’ Report on the Fabric, Goods and Ornaments of the Church
7 Annual report of the PCC, including Examined Accounts and Financial
Statements, for the year ending 31 December 2020. (separately printed)
8 Director of Music’s Report
9 Reports on other areas of church life
10 Vicar’s Report
11 Elections: a. Up to five lay representatives to the Parochial Church Council
b. Sidesmen

Annual Meeting of Parishioners (item 1)

Minutes of a Meeting of Parishioners held on 11 October 2020, at 12 noon, in St John’s Wood Church.

Present: The Vicar (in the Chair), Associate Vicar, and 14 Parishioners.

1. Minutes

The minutes of the Meeting of Parishioners, held on 28 April 2019, were agreed as a correct record.

2. Election of Churchwardens

Penny Greenwood-Penny and Tomas Freyman were re-elected as Churchwardens.

Annual Parochial Church Meeting (item 2)

Minutes of the Annual Parochial Church meeting held on 11 October 2020, at 12.05pm, in St John’s Wood Church.

Present: The Vicar (in the Chair), Associate Vicar, 2 Churchwardens and 12 Parishioners.

Apologies were received from Stephen Jones (Treasurer).

1. Minutes

The minutes of the APCM held on 28 April 2019 were agreed as a correct record.

2. Appointment of Auditors

It was agreed unanimously to re-appoint RPG Crouch Chapman LLP as Independent Examiners / Auditors for the financial year ending 31 December 2020.

3. Statutory reports

Reports on the Electoral Roll, the proceedings of the Deanery Synod and the Fabric, Goods and Ornaments of the church were received by the meeting.

4. Annual Report and Accounts of the PCC

It was noted that the 2019 financial year had been particularly strong, partly in thanks to the legacy received from the Church’s late architect MJ Long. Net income is expected to be lower in the 2020 financial year, because of the impact of Covid (although our income has held up well in the circumstances. Much would depend on Gift Day.

Further reports

Further reports were received from the Director of Music, and on other areas of church life.

6. Vicar’s report

The Vicar reflected on the very unusual recent period, and on the Church’s proactive response to the virus and lockdown. This has included measures to stay in touch with shielding parishioners, by circulating a weekly newsletter ( Faith, Hope & Soap ) and introducing 10am Zoom services. There has been no furloughing of Church staff, and there are no current intentions to do this.

7. Elections

a. Deanery Synod – Shelley Quayle, Nicole Jacobs, and Tamsin Lewis were elected to the Deanery Synod.
b. Parochial Church Council – Graham Young was elected to the PCC.
c. Sidesmen – the Sidesmen and Welcomers were re-elected en masse, with power to co-opt throughout the year.

The Vicar expressed particular thanks to Michael Cayton (Director of Music), Peter Kearse (Hall Manager) and Kristina Andréasson (Associate Vicar) for their support during the recent difficult period.

Penny Greenwood-Penny added a further warm word of thanks to the clergy and to all involved in the rapid adaptations required since March.

Item 4 ELECTORAL ROLL REPORT

The number on the Electoral Roll has reduced very slightly, from 145 to 144. Sadly, since last October’s Annual Meetings, we have lost Betty Dove, Rosemary Prebble, and Valerie Solti to the Roll of Eternity; we note also the loss of Evelyn Thornhill, who continued a faithful member of the Roll until the last general renewal in 2019. Eight members have moved away since the last renewal (four returning to the USA, and one to Australia). 10 new members been added, though this does not (in our present Covid circumstances) quite reflect the number of new members of our worshipping community. Following an interesting correspondence with the Diocesan Registrar about whether people who come regularly to Zoom services but live too far away ever to attend in person can be added to the Electoral Roll (it turns out that they can’t), we have been encouraged to create an E-Roll. This does not confer any legal rights under the Church Representation Rules, but it does allow a person to express formally their membership of our online worshipping community. We are delighted to welcome Andrea Hayden (from Maine, USA) as the first member of our E-Roll – which is itself the first E-Roll in the Diocese of London, and possibly in the whole Church of England.

DAVID MILLAR

Electoral Roll Officer

Item 5 DEANERY SYNOD REPORT

Once, the Deanery Synod’s meetings were few and brief: of late, it has begun to meet more often and at greater length. There have been three meetings since the last APCM in October. The business (in the strict sense) has mostly been about appointing governors for Church Schools. But the bulk of the time has been devoted to presentations about, and discussions of, large and difficult subjects. These have included the various ways in which the parishes of the Deanery have been dealing with lockdown, and the emerging Diocesan strategy for 2030. They have also included themes which have exercised the central systems of the Church of England during lockdown: (1) Living in Love and Faith, a newly published mass of material to help the Church of England at every level to think about issues in human sexuality; (2) From Lament to Action, a report with recommendations to tackle racism within the church, and to make the church’s leadership and governance more diverse; (3) guidance on how to handle

contested heritage in churches (in effect, what to do about monuments to those who profited from the slave trade, or who were agents of empire). There will be a lighter evening on 12 July, when St John’s Wood will host the Synod for a summer party.

ANDERS BERGQUIST

Vicar

Item 6 CHURCHWARDENS’ REPORT ON THE FABRIC, GOODS AND ORNAMENTS OF THE CHURCH

All places of worship were again required by the government to close completely in November 2020. Happily, we were able to reopen our doors in December (though Advent Sunday had to take place in lockdown), and churches were allowed to remain open for public worship throughout the December-April lockdown. This is a tribute to the careful work done by churches up and down the land, including our own, to stay Covid-safe: the government was persuaded that we could safely remain open for worship.

We reported last October that we were waiting for Westminster Council to make a decision about our planning application for a revised scheme to make the main entrance wheelchairaccessible (the original application having been turned down on conservation grounds). We are still waiting! (To be fair to the Council, they have been operating under great constraints, including not being able to make site visits). There has been a significant amount of correspondence between Westminster Council and ourselves in the meantime, and we have been led to believe that we will get a result soon.

Alex Sherratt, our new Inspecting Architect, delivered his Quinquennial Inspection Report in October, and the PCC has drawn up a plan to implement his recommendations. Happily, he found that the fabric of the building is generally in very good condition. There are some particular items that require attention, the most pressing of which is to deal with cracks in the bell-frame (though there is not thought to be any risk of the bell coming down on anyone’s head).

Various necessary maintenance works have been undertaken - though fewer than usual over the late-autumn/winter period. There is an ongoing issue with poor drainage (and smells) in the Ambulatory toilets.

The preparation of a second hand-embroidered cope is well advanced. This is in the same pattern as the Ong cope, and will commemorate Colin St John Wilson and his wife MJ Long.

Far-reaching changes in the administration of Marriages were brought in by the government on 4th May. Marriage Registers have been replaced by a new, basically digital, system run from Register Offices. The Vicar was required to close the current parish Marriage Registers, and hand them in to the local Register Office. Happily, we are allowed to retain the duplicate Registers for our own archives.

We are pleased to report that the Fabric, Goods and Ornaments of the church are (except where noted above) in good condition.

PENNY GREENWOOD-PENNY AND TOMAS FREYMAN

Churchwardens

Item 7 ANNUAL REPORT OF THE PCC

See the Report and Accounts separately printed.

Item 8 DIRECTOR OF MUSIC’S REPORT

The Choir has continued to provide music for services and festivals throughout the last seven months. The “New Normal” has consisted of half of the choir meeting once a week to record music for Zoom services, while the other half meet to sing at the live service on Sunday morning. When government guidance has required it, we have reduced the provision at the live service to one singer. In order to make the workplace as safe as possible, we deliberately choose repertoire that can be performed with as little rehearsal as possible. This means that we are unable to perform anything too interesting or is in more than four parts, although there have been a couple of exceptions.

On the 20th of December we were able to meet for the first time as a full choir. It was wonderful to be able to sing together after such a long time, and we sang Rheinberger’s Mass in Eb. But that event was also tinged with sadness, as we said farewell to Louise Prickett who has been our soprano for many years. Louise has returned to her native Australia to begin studies in medicine. Easter was very different this year, and the Choir provided a mixture of live singing and recordings. Five singers met to record a special service for Good Friday evening.

We have been delighted to welcome Emily Ashmore as our new soprano, in place of Louise Prickett. I remain immensely grateful to everyone in the church who has been so supportive of our music-making this last year.

MICHAEL CAYTON

Director of Music

Item 9 SACRISTAN’S REPORT

One of the Covid-safety protocols has been that only the priest who celebrates may touch any of the objects used in the service, so even after the reopening of the church to public worship, there has been no chance until very recently for the serving team to do their usual work. We have had to leave it all to Anders and Kristina, as we wait for the return of more normal times. The return of servers (and thurifer) on Ascension Day was a hopeful sign of things to come.

HELEN COOMBE

Sacristan

Item 10 REPORTS ON OTHER AREAS OF CHURCH LIFE

10a WORK WITH CHILDREN

Junior Church

For the past year due to COVID-19, it has not been possible to hold our usual Junior Church activities. Usually Junior Church is held during the 9.30 service, however lockdown has meant that from March 2020 to August 2020 no Junior Church was held. With the easing of lockdown over the summer it was decided to hold a modified version of Junior Church during the 11.15 am service. This started on 27th September 2020. We used the hall so that there was space to socially distance, hand sanitiser was used before and after Junior Church and all leaders wore face masks. We divided pens, activity sheets and colouring sheets into separate folders, one for each child so that they did not have to share materials. The Creche, with the assistance of Magda, was also opened up and this too was held in the Church Hall. We were able to hold several sessions of Junior Church and it was a delight to have the children back together.

Sadly, when the pandemic headed into a second wave, we had to suspend Junior Church and the Creche again. We plan to restart fully from September 2021, with a full range of activities for all children.

AMANDA HAWKE Children’s Advocate and Safeguarding Officer

Little Locusts

Little Locusts has remained suspended, because of the impossibility of maintaining social distancing in this age group. We hope to be able to re-start the group when the government moves to stage 4 of the lifting of restrictions.

SHELLEY QUAILE

Little Locusts

Pizza Club

Pizza Club (for older children) has also remained suspended because of government guidelines on indoor meeting. It will resume on 6 June.

KRISTINA ANDRÉASSON

10b FLOWERS

Over the past year, thankfully, we have had some opportunities to decorate the church with some beautiful flower arrangements. The team created beautiful displays for both Christmas and Easter, as well as for several services over the months.

Thank you once again to all of those who contribute your time for flower arranging - it is very special to make our wonderful church look so beautiful. And continued thanks to Peter, Abigail, Anders and Kristina.

SUE STARR

10c TRAIDCRAFT & ZAYTOUN

In normal times, we run a stall every other week at which we sell a selection of Traidcraft and Zaytoun items after Sunday morning services. Like so many of our routine activities this year, this has been paused because of Covid, but our hope is that it will be back and running soon.

As we make our way back to services in person, the Masters who run the stall would welcome helpers. It is an opportunity to meet other people in the congregation, and you get to speak to people that you may not have met before. Helping at the stall is also a way to ensure that younger members of the congregation learn about fair trade as an aspect of social justice.

We keep prices to a minimum by selling on at cost. The products are of high quality, and buying these rather than supermarket olive oils, coffee, tea, rice, sugars, jams, cookies chocolate etc. provides vital income for the producers. Producing for Traidcraft and Zaytoun can change a family’s fortune from destitution to a decent way of life.

We would like to thank the Church leadership and members of the congregation for their support and leadership in supporting our fair trade efforts. We hope to be offering the products after services as soon as possible.

NICOLE JACOBS, along with other members of the Masters family – Jeff, Cassie and Millie

10d FILM CLUB

Going to the cinema this year has been a patchy experience and the Film Club is no exception. As I mentioned in my last report, we did show Green Book to a socially distanced audience in the summer. We followed that up with the Agatha Christie styled thriller Knives Out, just before cinemas went dark. Now that they are re-opening, from 17 May, we hope to plan a summer programme. One challenge that has emerged during the year is how to deal with the fact that so many new films now come out on streamed platforms (Netflix et al.), and are not issued on DVD.

MARTIN ALDRED

Projectionist

10e GARDENS

Throughout the lock-down and beyond, Wojciech, our regular gardener, has come in, week by week. We are very grateful that even when the church was shut, the surroundings looked so well cared for, and the flowers and shrubs continued to bloom and give pleasure.

PENNY GREENWOOD-PENNY, Churchwarden

10f CHAMBER CHOIR

The Chamber Choir was able to resume rehearsals in the church hall from September for 3 months. We sang Choral Evensong at the end of October and led the Advent service (without a procession) at the beginning of December. Sadly, we were not permitted to sing carols at the tube station to raise money for charity as has become our custom. Instead, a small group of us sang under the stars, outside the Marylebone Almshouses, for the residents who looked on from their windows.

At the start of the year we had to return to Zoom rehearsals, and took the opportunity to work on some musical theory and repertoire for future services. We have now resumed meeting at the church, and plan to sing Choral Evensong at the end of May, and Choral Matins for the Patronal Festival in June.

Despite the limitations of Zoom singing the choir members engaged enthusiastically in the rehearsals, and it was an opportunity for us to stay in contact during lockdown. Many thanks to Michael Cayton for making these both worthwhile and fun.

We would welcome new members. If you would like to know more, Michael or I would be pleased to talk to you.

JUDY BOOTH Chamber Choir Manager

10g CHRISTIAN AID

Christian Aid is the official relief and development agency of 40 British and Irish church organisations, and works to support sustainable development, alleviate poverty, support civil society and provide disaster relief in the Third World. It is chaired by Dr Rowan Williams. Christian Aid is a major contributor to the Disasters Aid Committee ( DEC ).which is raising the alarm over government cuts to overseas development in a world struggling with the pandemic and its dire consequences.

Over the year it has been impossible to fund-raise in the normal way, and I thank those who have donated direct. However, we are planning for the famous Book Fair to take place on the weekend of the Patronal Festival, 26/27 June. Donations of books willingly received at any time between now and then.

MARTIN ALDRED

Area Organiser

10j WIDER HORIZONS

Being forced to explore Zoom and other online media has had the happy result of strengthening our partnerships with the parishes that border us on Primrose Hill - St Mark’s Regent’s Park, and St Mary’s Primrose Hill – and with their neighbour St Peter’s Belsize Park. Our series of podcasts for the Twelve Days of Christmas was viewed by several hundred people. The success of this series emboldened us to attempt a shared set of Zoom-based Lent study sessions, based on Mary Bachelard’s theological exploration of the resurrection. This too was well-supported, though it made strenuous demands on the brainpower of all of us. Since Easter, we have been planning our latest collaboration, which is very much not screen-based: a pop-up pub in the church forecourt (‘The Lord’s Side’) on 10 July, to coincide with a One-Day International at Lord’s. We have also been working together with St Paul’s Rossmore Road to support a new youth work initiative (cf. Heathcote Report below).

The clergy have continued to take part in study sessions organized by the Liberal Jewish Synagogues, and have stayed in friendly touch by Zoom and email with the London Central Mosque. We look forward to the resumption of real-life meeting in the summer.

ANDERS BERGQUIST

Vicar

10k MISS HEATHCOTE’S LEGACY

A grant of £2000 was paid to Right Track Consultancy, to help them to start a project for young people in our area. This will include classes in boxing and in music production. The sessions will take place partly in our Hall complex, and partly at St Paul’s Rossmore Road. A regular grant of £2000 was paid to the Adventure Hub. A grant of £2000 to the North Paddington Youth Club, to help tide them over a difficult period, has been agreed in principle; the payment on it is waiting on submissions from the Club.

ANDERS BERGQUIST

Vicar

Charfty nurnb&r.' 1131Bll2 ST JOHN'S WOOD CHURCH UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 RPG Crouch Chaprnan LLP Chartered Accountants & Statutory Auditor 14.16 Dowgate Hill Lormlon EC4R 2SU

ST JOHN'S WOOD CHURCH CONTENTS P8 Reference and admlnistrative delalls of the charity. its Trustees and advisers Trustees, report Independenl examinerfs report statement of financial activities 9-10 11 Balance sheet 12 Notes to the financial statements 13-26

ST JOHN'S WOOD CHURCH REFERENCE AND ADMINISTRATIVE DAlLs OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Penny Greènwood-Penny Amanda Havthe Deborah Stuart (Tesigned 11 October 2020) Nicole Jacobs (appointed 11 October 2020) Anders Bergquist stephen Jones Judy Booth lan Anthoni6Z Anthony Jay85ek8ra (resigned 11 October 20201 Toma5 Freyrnan Tamsin Lewis (appointed 11 October 20201 Chloe Tay8om Graham Young (appointed 11 October 2020) Shelley Quaile KTislina Andreasson Ajoke Brailhw8lte Iregigned 11 OclobL¥ 2020) Charity registered number 1131882 Principal office The Church Office St John's Wood Church Lord's Roundabout St John's Wood London NW8 7NE Accountants RPG Crouch Chapman LLP Chartered Accountants 14-16 Dowgale Hill London EC4R 2SU Bankers 8arclays B8nk PLC 40 Wellington Road London NW8 9TJ Page 1

ST JOHN'S WOOD CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Parochial Church Council, being for this purpose Ihe Trustees of the Eccle5iastiGal Parish of Sl John's Wood, present theiT annual report together with the financial statements for the year 1 January 2020 to 31 December 2020. Introduction The parish church of the ec¢le6iaslical parish of St John's Wood luniversally known as "Sl John, Wood Church") is a parish church of the Church of England as by Law Established, Like all other parigh churches of the Church of England, il has no Separate Trust Deed or founding Charter, bul is part of the ¢onslilutional fabric of the realm. The Church of England lir51 carne into being 3s a le9al enlily through successive Acts of Parliament in the time of King Henry Vlll. It was abolished under the Commonweallh, and re-eslabllshed by The Act of Uniformily11662). The church's life is governed by three sorts of laws.. Acts of Parliament, ecclesiastical Canons Ipromulged by Convocation), and Measures {passed by General Synod. though they also pass through Parliament before acquiring Ihe force of law). The boundaries ol individual parishes are determined by the Sovereign in Council - the Ecclesiaslical Parish of Sl John's Wood was bfoughl into being by Orders in Council In 1952. As lor almost every other charty and organisalion. the yèar 2020 turned out to be a year like no other. 8nd in ways that only the very fai-sighted mi9hl have Pfedicled al the end 012019. The Covid- 19 pandemie. and the measures taken nationally lo counter it, had 3 profound effect on the chuTch's life and woik. The church building ilsell had lo be completely closed beleen mid.Mafch and early June. Public WOTship in church continued lo be suspended until early July. and Ihen again ii) the month of November. When public WOTShip was allowed to resume, there were restrictions on how m8ny could allend, and what could lake place. Baptisms, weddings and funerals were radically affected. Community 3clivilies were curtailed, and most local groups were unable lo use the church hall for much of the year. At the beginning of the firsl national lockdown in March 2020, the church took certain decisions and Inltiatives that it held f8St lo throughout the rest of the year. la) thal the church should remain open, and public service5 should be held, wheneveT It was lawful lo do so. Ib) that no employee should be furfoughed, and the professional singers in Ihe Choir should continue to be paid their fees as if they were singing at Sunday seNi¢es, whether or not they were actually able to do so. (c) that we should start a weekly newspaper lo help the congregalion to stay in touch, and that prinl copie5 of this should be posted to those who were unable lo receive il via email. Objects and actlvltles Objects'ves The constilvtional position of an Anglican parish church means that ils objectives are. in a sense, not under ils own conlrol. bul sel by slatule. But the Parish would idenlify its objectives in normal limes as being.. to make pastoral care and the SeICe5 of the church (including weddings, funerals, and baptlsmsl available to everyone in Sl John's Wood who wishes to have them and is not dlsqualified from receiving them,. lo welcome and encourage as many people a5 Possible to worship in their parish church., to build up and encourage churchgoers in their Christian discipleship and in IheiT knowledge of the Christian faith.. to make the love ol Jesus Christ known to the people ol this part of Page 2

5T JOHN'S WOOD CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR E14DED 31 DECEMBER 2a20 London through act5 of compassionate seNice,' lo maintain the church and the adjacent church hall complex lo a high Standard, both as a place of worship and as 8 resource for the local community.. to engage in constructive dialogue with uther churches and local faith communities., to SLtpport other local community inslilulions in a shared attempt to build vibrant and resilient community In St John's Wood,. and to Teduce the impact on the environment of the actsvilies that take place in the premises for which il is responsible, while also encouraging members of the congfegalion to adopt environmentally thoughtful lifestyles. In the exceptional circumstances of 2020, our objectives were lo do as much of all this as we wère able to in Ihe prevailing conrlition5. b, Activlties for achieving objectlves In an ordinary year, these may be 51ated as follows. WDTship of high quality 15 offered in the church, There are programmes of Bible and other Christian study Ihroughoul the year, Bapbsms. weddings and funerals lake place regularly in the church. and the clergy take funeTa18 on behalf of the church in local cremalorla. A special effort is made lo welcome those who are not r8gular churchgoers (like all parish churches of the Church of England, the church is under a legal obligation to provide for baptisms and w8ddings for those resident in the parish or otherwise legally qualified lo ask for them, and il is the PCC'S policy lo embrace Ihis as a posits've opportunity fDr pastoral seNice lo the community}. Pastor81 vlsils are made to the housebound, the sick, and the dying. C105e contacts are maintained and developed wrth other local faith communities, including especially the London Central M05que and three local synagogues. An environmental plan lo millgate the church's carbon footprint 13 reviewed regularly. c. Main activities undertaken to further the Charity's purposes for public benefit All the church's actlvilles are understood to be for public benefit. Thls is Implicit in the E8tabli5hment ol the Church of England, where a parish church is in itself a public, and not a private. body. The church is in Pfinclple open lo all, and does not limit ils interest lo those who are active churchgoers. Except when closed by government order as part of a lockdown. the church is left open throughout the day on almost every day ol the yeaT, so that members of the wider community and the general public may enter for purposes of prayer or tourism. The church also normally makes ils premises available to a wide range of community organisalion5 for their events al reduced (sometimes no) C05t, and it makes regular aranls to local community organisallons. It normally runs a free weekly dTQP-in Session for very young children and their parentslcarers. Through ils inter-faith commltmenls, it makes an important conlributlon towards 8UStalning 8 mutually respectful and tolerant community in St John's Wood. AGhievements •nd performanca There were 145 panshioners on the Church Electoral Roll (2019.. 150). The normal provisions for the renewal of the Roll were suspended in 2020, and the Annual Meetings were held in October rather than May. a. Worship, prayer and study Worship of a high standard continued lo be offered throughout the year, though the church had to adapt nimbly. At times when public worship in church was suspended. regular Sunday and weekday worship took place entirely on Zoom. When public worship was allowed in chuich, Zoom and real-life setvices were held in tandem. The Zoom plattorm allowed the hovsebound, and those living at a dist8nce, to take an aclwe in worship in a way that they could not have done had all worship taken place in church. The Choir showed great flexibiltty and professionalism in preparing pre- Page 3

ST JOHN'SWOOD CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2020 recorded music for Zoom services. Holy Week had to be Gelebrated entirely on Zoom,. Christmas Was divided between Zoom and real-life services, Numbers overall were fewer th3n in normal circumstances., and when the church was open for public worship, numbers had to be limited to the church's Covi&safe capacity. Thorough precautions were taken, within government guidelines, to keep chur¢hgoing as Covid-safe as posgble, and this entailed very many adjustments to the usual ways of doing things. Lent study groups, held on Zoom, were arranged jointly with neighbovring pafishes, 8nd were well supported. A weekly newslellef. Faith. Hope & Soap, proved an lrnportant way of keeping in touGh with parishioners throughout the year. b. Maintenance of Ihe fabric The f8bric of the church conlinued to be kept in good order, and the other properties for which the PCC is responsible were well maintained. The church's Inspecting Ar¢hitecl conducted Quinquennial Inspection In November 2020, and the PCC prepared a plan for implementing its recommendations Service to the community The use of the church's premises by the local communily w85 inevitably much reduced, because of coronaviiu3 iestriclions. The church was, however. still able to host Tegular sessions of the North Paddingion Youth Club al a greatly redLiced charge, and il was also possible to hold one meeting of the St John's Wood Film Club. 11 continues to be the policy of the PCC to make the premises available to community organisations, or good causes, at reduced charges Of free of charge, and the PCC hopes to welcome many regular users back from the second half 012021. The Vicar continued to serve as a Governof of Arnold House School, and as 8 Trustee oflhe Marylebone Almshouses. d. InleT-Anglican, ecumenical and inter-lailh work There continued lo be regular co-operation with other local Anglican chuiches, and the clergy again responded lo requests for holiday or emergency cover Irom neighbouring parishes. The Church was able to host (though in re51ficled and livestreamed lorml the annual Light up a Life" service for St John's Hospice, which h85 a strong ecumenical and interfaith cornponenl. Visits to and from other local faith centres were suspended by the pandemic, bul local faith leaders continued lo stay in touch with one anothef by Zoom and telephone. The Vicar continued lo take part Ihe work of national C. of E. bodies such as the LiluTgical Commission and the Porvoo Panel, again meeting by Zoom, In February, the church 'welcoined Ihe Roman Catholic Archbishop of Mllan and 140 of his clergy for a seminar about the pastoral work ol the Church of England. e. Safeguarding The PCC undertook an Annual Review of its Safeguarding Policy, in line with Diocesan guidellnes. Safegu8rding and Child Protection appear as an Item on the agenda of every PCC meeting. No incidents of any kind were reported during the year. f. Other policies The Fire Risk Assessment was reviewed during the year, and actions arising from that review were undertaken. Page 4

ST JOHN'S WOOD GHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 g. Relations with the wider diocesan slructur85 Three members of the PCC served on the Deanery Synod during the year. The PCC paid it5 conlribvlion lo the Di0san Common Fund in full. The John Slater Fund {established in memory of a foimer incumbent to make grants to those active in ministry in the Diooese of London, lo help with sabbatical and other Iravel plans) did not make any grants dunng the year, because 811 travel was severely curtailed, and clergy sabb81icals were postponed. Flnanclal review The PCC has five ordinary financial aims in a normal year.. To raise sufficient fvnds lo defray the ordinary aclivitles of the parish church-, To be able to pay al least 10% of rental income inlo ils Fabric Reserve Fund each year., To ensur6 that its Fabri¢ Reserve Fund 15 sufficiently well-stocked to meet the cosl of caring for the fabric of the Church and the Hall Gomplex., To use any legacies that it receives for the long-lerm good of the parish church and to support the flourishing of the wider community., and To invest such balances as it holds in ethical and responsible ways. From tlme lo time, the Church also organises $pecig18ppeals to support particular project5.11 is not the policy of the PCC lom8ximlse the raising of funds beyond what is needed lo meet these obleclives.. we do not understand ourselves to be primarily a fundraising organisalion. Success in regard lo each of the8e aims is measured as follows.. By the church's Operating Fund breaking aven, after having made a year-end transfer of al least 1 OD/0 of rental Income to the Fabric Fund,. by the Fabric ReseNe being able lo cope with demands upon it., by using legacy income in way5 approprlate to the obleclives ol the parish., by maintaining a reasonable Inol necessarily maximum) level ol income from investment5, and Investing in ethically reliable funds via {e.g.) the C. of E.'s Central 808rd of Finance., Ihe money h8ving been spent on the purposes for which il was raised. 2020 was an exceptionally challenging year for the church's finances. With reduced numbers attending church, and with several generous donors spending the whole of the year in other countries (and none of il in London). congregational giving during the year decreased significantly. But lockdown also brought reductions in costs. and the excepllonal generosity of the congregation al the end-of-year Gift Oay also helped to bring the year almosl into balance. The financial slalement show5 that oulooing resources exceeded incoming resources by £46,149 12019.. £123,906). In the exceptional circumstances of this year, the PCC agreed to vary ils longstanding policy of transferring 10Q/D of rental income inlo the Fabric Resee. Instead, the amount transferred was £7,500, equivalent lo 4.50/0 of rental income). This wa5 done in the recognition thal spending on the church's fabric had been unusually low during the year. However, as Shown in Note 13 to the accounts. the PCC has decided lo formally designate these funds, with the balance at the beginning of Ihe year (£91.5741 h8ving been formally earmarked for the purposes of the Fabric Fund and included in total funds transfers of £99,074. b. Investment polScy It is the PCC'S policy to invesl lunds, not immediately requid, in income-producing funds which allow capital value to be protected. Page 5

ST JOHN'S WOOD CHiIRCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 . Reserves Policy It is PCC policy to try lo maintain a balance on free reserves Inel current asselsl which equates lo at least six months, unrestricted payments. This is held lo srnoolh out fluctuations in cash flow to meet ernergencieg. The balance of the free Teserves at the year end was £357,614 which comfortably exceeds Ihe six months, larg81. d. Fundraising The PCC raises its funds Irom rents, voluntary congregational giving, investments, and.parochial fees (the level of whh is sel nationalW by synodical Measure). There were no appeals to the general public during the year, and no external fundraisers were employed. LegacieB No189acies were received during the year. f. Going Concem After making appropriate enquldes, the PCC has a reasonable expectation that the charity has adequale resources lo continue In operational existence for the foreseeable future. For this reason Ihey continue lo adopt the going concern basis in preparing the financial slalement5. Further delalls regarding the adoption of the going concern basis can be foursd in the Accounting Policie8. Structure? governance and rnanagement Constitution The Parochial Church Council (PCC) ol Sl John's Wood Church is a corporale body established by the Church of England, and operates under the Parochial Church CounGiI (Powers) Measure. The PCC acts as the body of Trustees for the Ecclesiaslical Parish of Sl John's Wood. Method of Appointment or Election of Trustees The method of 8ppointm8nt of PCC member5 is set out in Ihe Church of England's Church Represenlatson Rules. 115 membership comprises the incumbent and any assist8nl cur8te(s). the churchwardens, and members elected (either directly to Ihe PCC. or to the Deanery Synod) by those members of the congregation who are on the Electoral Roll of the church. All who allend church regulaTly are encouraged to regist8r on the Electoral Roll, and to offer themselves as candidates to serve on ihe PCC. Organisalional Structure and De¢ision-Making The Incumbent and PCC have shared respon&bilily for the pattern of seNices in the church. The clergy oversee the pastoral and educational life of the parish. The churchwardens are responsible In law for the fabric, goods, and ornaments of the church itself. Page 6

ST JOHN'S WOOD CHURCtrI TRUSTEES. REPORT ICONTINUEDI FOFI THE YEAR ENDED 31 DECEPABER 2020 The PCC has three committees, from all of whom il receives and Lliscusses reports.. (a) The Finance and Buildings Committee meets in advance of each fvll PCC. It hos delegalad authorlty to spend up to £2,ODO on works. Expenditure greater than £2,DOO is decided by the full pcc. {b) The Healhcole Committee disburses the income estimated lo have been generated each year by 8 legacy from the late Miss M. W. Heathcote. Th& PCC has decided as a matter of discretion to use this money (which was not given for any specific purpose, and is unreslricled in usel lo support projects that benèfit the local community. It meets Iwice a ye8r. The Heathcole Committee 18 responsiLle lo the PCC for encouraging potential applicants (who complete form). for deciding on grants, and IOT evaluating the effectiveness of how Ihey have been used. Ic) The Slater Committee disburses the Incoffle of the John Slater Fund, which was cie8ted for the PUTpose of making travel grants to clergy 8clive in ministry in the Diocese of London. The Committee meets once a year. Applications on 8 sel form are encouraged through bishops, archdeacons. and Area Directors of Training and Development, and travel plans have normally been approved by these bodies before they reach the Committee. Recipients of 9ranls are required to report on how the rnoney has been used. The PGC acts as the employer of a part.tlme Parlsh Admlnlstrator and a full-tirne Hall Manager, and has maintenance responsibilltse5 for the Church Hall complex with rts three residential flats, and for iwo olher residential properties. 11 is also responsible for the letting of church premises. or for their use by outside organ198tions. The PCC appoints 8 Chlldren's Acfvocate, a Safeguarding Officer, and a Fire Salety Officer to help il lo discharge Sls responsibilities in these Areas. The Children'6 Advocate and the Safeguardlng Officer were the same person during 2020. When planning activities for the year, the PCC has considered the Charlty Commission's guidance on public ben8fit, and in particular the specific guidance on chanlies for the enhancement of religion. Page 7

ST JOHN'S WOOD CHURCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DEC8M8ER 2020 Admlnlstrative Information The Church of St John the Baptist, universally known as St Johns Wood Church, is the parish church of the Ecclesiastical Pafish ol Sl Johns Wood in the City of Weslmin5ter. It is situated by Lord's Roundabout. The correspondence address is The Church Office, St Johns Wood Church, London NW8 7NE. The Parochial Church Council (PCC) is registered with the Charity Commlssion as Charity No. 1131882. PCC members who served at any ts'me from l January 2020 until the date this report was approved are.. Incumbent Ander$ Bergquist Chairman Clergy Ilcen$ed to parish Krisllna Andréa560n Churchwardens Penny Greenwood-Penny Lay Vice•Chair Tomas Freyman 0150 Treasurer to 29.1.20 Elected T8presentstives on the Deanery Synod Penny Greenwood-Penny Deborah Stuart Shelley Quaile Nicole Jacobs T8msin Lews until APCM on 11.10.20 until APCM on 11.10.20 rtrelected at APCM on 11.10.20 from APCM on 11.10.20 from APCM on 11.10.20 Elected members Ajoke Braithwaite Anthony Jayasekera Amanda Hawke until APCM on 11.10.20 until APCM on 11.10.20 from APCM on 22.4.18 Safeguarding Officer from APCM on 22.4.18, Secretary from APCM on 28.4.19 from APCM on 28.4.19 from APCM on 11.10.20, Treasurer fTorn APCM on 11.10.20 Chloe T8ysom Judy 800th lan Anthoni5Z stephen Jones GTaham Young Co-opted member Stephen Jones from 29.1.20 10 11,10.20, Treasurer from 29.1.20 Approved by order of the members of the t)oard of Tru51ees on 26 May 2021 and signed on their behalf by: Andevs Bergqulgt Incumbent stephen Jones Hon. Treasurer Page 8

ST JOHN'S WOOD CHURCH INDEPENOENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Independent ExamineT'S Report to the Trustees of St John's Wood Church Ilhe charity,) I report to the charity Trust8&s on my examination of the accounts of the charlly for the year ended 31 December 2020. Responsibilities and Basis of Report A5 the Trustees of the charity you are responsible for the preparation ol the aKounts in accordance with the requirements of the Charitj'es Act 2011 ('the 2011 Acl'l. l port in respect of my examination of the charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions aiven by the Charity Commission urKler section 14515)Ibl of the 2011 Acl. Independent Examinerfs Statement Since the charity's gross income exceeded £250,QOO your examiner musl b8 a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified to undertake the examin81ion because l am a member of ICAEW, which is one oflhe listed bodies. Your attention 18 drawn lo the fact that the charily has prepared the accounts in accord4nce with Accounting and Reporting by Charilies,, Slalement of Recommended Practice applicable lo charities prepBring Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland {FRS 102) in preference lo the Accounting and Reporting by Charities Statement of Recommended Practice Is8ueO on 1 April 2005 whleh is referred lo in Ihe extant regulation8 but has been withdrawn. l understand Ihal this has been done in order for the accounts to provide a true and fair view in accordanc8 Wlth th& Generally Accepted Accounting Practice effective for reporting perlods beginning on or after 1 January 2015, I have completed my examination. I confirm that no matters have come to my attention in connects'on with the examination giving Me cause to believe that in kny material respect.. accounting records were not kept Sn respect of Ihe charity a8 required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the 8ccounls do not comply with the applicable requirements concerning the forrn and contenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 8 'true and lair, view which is not a maller considered as part of an independent examination. I have no concems and have come a¢ro5S no othei matters in connedion with the examination lo which attention should be drawn in this Teport in order lo enable a proper understanding of the accounts lo be reached. Page 9

ST JOHN'S WOOD CHURCH INDEPEMOENT EXAMINER'S RE14)RT ICONTINUEDI FOR THE YEAR ENDEO 310ECEMBER 2020 This report is made 501ely to the charity's Trustees, as a body, in accordan with Part 4 01 the Charities (Accounts and Reports) Regulations 2008. My woik has been undertaken so that I might State to the charity's Trustees those mattefs l am required to slate to them in 8n Independent examiner's report and for no other purpo58. To the lullesl extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the chanty's Truslees as a body, for my work or for this report. Slgned-. Jeremy Tyrrell FCA RPG Crouch Chapman LLP Chartered A¢¢ountant8 14-16 Dowgate Hill London EC4R 2SU Page 10

STJOHN'S WOOD CHURCH STATEMENT OF FINA14CIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Total funds 2019 Note Income from.. Charitable activities Investrnenls-. Renlal income Other investments Other income 146,792 146,792 274,874 165,443 11.516 245 165,443 13,238 245 172,560 15,567 54 1,722 Total Income Exp•ndSture on: Raising funds Charitable activities 323,996 1,722 325.718 463.055 419 322,949 3,919 2,599 4,338 325,548 12,951 383,519 Total exp&ndlturo 323,368 6,518 329,886 376,470 Net Incom•llexpendlturel before not Ilo•••s)Igaln$ on Invegtments Nel {lossesllggins on investments 628 14,7961 670 {4,1681 141,9811 B6,585 {42,651) 37,321 Not {•xp•ndbtur•lllncom• Transfers between tund$ (42,0231 {2.7271 {4,1261 2.727 148,1491 123,906 13 Net mov&m•nt In fund• Reconclllitlon ol fund•'. Total funds brought fOaré Net movement in funds (44,7501 11,399) (46,149) 123,906 14 703,186 144,750) 64,245 11,3991 767,431 (46.149) 643,525 123,906 14 TotJl lund8 carrl•d foNArd 658,436 62.846 721.282 767,431 The Statement of Flnancial Activities Includes all galns and losses recognised in the year. The notes on pages 13 to 26 fomi part of th85e financAal st8lementS. Page11

ST JOHN'S WOOD CHURCH 8ALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note Flxod assets Tangible assets Investrnents 80,824 282,844 81,383 324,827 303,668 406,210 Current a$•et8 Debtors Cash at bank and in hand 10 15.244 353.234 15,558 358.647 368,478 372,205 Creditors.. amounts falling due within one year {10,864} (10,9841 N•l curr•nt ai•ot• 357,614 361,221 Total ••••t• curr•nt Ilabllltles 721,282 767,431 Ng1 ass•ts •xcludlng pvn•lon i•s•t 721.282 767,431 721,282 767.431 Charlty fvnds Restricted funds Unrestricted lunds 82,848 658,436 64,245 703,186 13 Totol lund• 721,282 767,431 The financial slalemenls were approved and authorise(I for issue by Ihe Truslees on 26 May 2021 signed on their behalf by: And•r* B¥r9qulst Incumbent St•phen Jon89 Hon. Treasurer The notes on pages 13 to 26 lorm part of these financial statement8. Page 12

8T JOHN'5 WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2020 Accounting policies Basi re aralion ol fin ncial statemen15 The financial slatemenls have been prepared in accordance wrth the Charities SORP IFRS 1021- Accounting and Reporting by Charib'es.. Slalement of Recommended Practice appllcable lo charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Rèpublic of Ireland (FRS 1021 (effective 1 January 2015). the Financial Reporting Standard applicable in the UK and Republic ol Ifeland IFRS 102} and the Charities Act 2011. The financial statements have been prepared to give 8 'true and laSr' view and have departed from the Charities (Accounts and Report51 Regulations 2008 only to the extent required to piovide a 'true and faiff view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rBlher than the Accounting and Reporting by Chaiities.. Stat8ment of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Sl John's Wood Church mee18 the definilion of a public benefft entity undef FRS 102. Assets and liabilities are inits'ally recogni5ed al hislorical cost or transaction value unless otherwise stated in the relevant accounting policy. Inco All Income is recognised once the charity has entitlernent lo the Income. rt is probable thal the income will be received and the amount of incom8 CeiVable can be measured reliably. Income lax recoverable in relation to investment income is recognised at the lime the investment income Is receivatAe. other income 18 recognised in the period in which il is receivable and lo the extent the goods have been provided or on completion of the service, nditure Expenditure 58 recognised once there is a legal or constructive obligation to transfer economic benefit to g third paty, it is probable that 8 Iransler of economic benefits will be required in settlement and the amount of the obligation can be measufed reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared c051s, including support costs involved in undertaking each 8Ctivity. Direct costs attributable lo a single aclivrty are allocated d4CtlY to that activity. Shared Costs which contribute to more than one activity and sUPPOrt costs which are not attributable to a single adivity are apportioned between those activities on a basis consistent wrth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds indudes all expendrture incurred by the charity to raise funds for ils charitable purposes and include5 Costs of all fundraising activities events and non- charilable Iradino. Expenditure on ch3ritable activities is incurred on directly undertaking the activities which further the charity'$ objectives, as well as any associated 5UPPOrt costs. Page 13

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED J1 DECEM8ER 2020 Accounting policies (continued) Ex enditure continued Grants payable are charged in the year when the offer is made except in Ihose c8ses where the offer is condilional, such grants being recognised as expenijiture when the conditions attaching are fulfilled. Giants offered subject lo conditions which have not been mel al the year end are noted as 8 commitment, bul not aCCTued as expendltuie. All expenditure is Inclusive of Irr0Verable VAT. Tan ible fix et and de recialio Tangible fixed assets Costing £NIL or more are capitalised and recognised when futur8 economic benefits 8re probable and the c05t or value of the asset can be measured reliably. Tangible fixed assets are 1nili811y recognised at cost. After recognition. under the cost model. tangible fixed assets are measured at cost le55 accumulated depreciation and any accumulated impaiTment losses. All o05ts incurred to bring a tangible lixed asset into its inlended working condilion should be included In the measurement of coyt. Depreclation is charged so as lo allocate the cost of tangible fixed assets le8S th8ir residual value over their estimated uselul lives, Depreciatlon is provlded on the following base8'. Freehold property Not depciated Motor vehicles 4 yeaTS Straight Ilne Musical instruments 10 and 25 years straight line Inve tme Fixed asset Investments are 8 form of financial inslrurnent and are initially recognised al their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investme1 gains and losses, whether Teali5ed or unrealised. are combined and presenled as 'Gainsl{Losses) on Investments, in the Statement of financial actlvilles. Trade and other deblors are recognlsed at the settlement amount after any trade di6count offered. Prepayments are valued at the amount prepaid net of any trade discounts due. sh at bank and in hand Cash at bank and in hand includes cash and short-terrn highly liquid investments wilh a Short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 14

ST JOHN'S WOOO CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies Icontinuedl Liabilities and rovisions Liabilities are cOgniSed when there is an obligation at the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount ol the setllemenl can be estimated reliably. Liabilities are recognised at the amount that the charity anlicipales it will pay lo settle the debt or the amount it has received as advanced payments lor the goods or seNices il must provide. Provisions Bre measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted al the pre-tax discount rate that reflects the rlsks specific lo the liability. The unwinding of the dlscounl is recognlsed in the Statement of financial activities as a finance cost. Financi ments The charity onfy has finencial assets and financial liabilitles of 8 kind thBI quality as baslc financi81 instmrnents. Basic financial in51rumenls are Initialty recognised at ITangaclion ¥8lue and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost Using the effective interest method. Conlnbulions lo defined benefit pension schemes are charged to the Statement ol Financial Aclivtty as and when incurred. coun in General funds are unrestrlcted funds which are available for use al the discretion of the Tru$tee5 in furtherance of the general objectives of the charlty and whlch have not been designated for other purposes. Designated funds comprise unrestricted funds Ihat have been sel aside by Ihe Trustees for parlicular purposes. The aim and use of each designated fund is ¥et out in the notes to the financial statements. Restricled funds are funds which are lo be used in accordance with specific restrictions Imposed by donors or vjhich have been raised by the charity for particular purposes. The ccsts of raising and administering such fund5 are charged agalnsl the specific fund. The alm and use ol each reslricted fund is set out in Ihe notes to the financial statement5. Investment income, gains and losses are allocated to the appropriate fund. Cash Flow Exem tion Being a small charity, the trustees have taken advantage of the exemption from the requirement lo prepare a cash flow statement. Page15

STJOHN'S WOOD GHURCH NOTES TO THE FINANCIAL 3TATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2020 Ciilical accountin estimates and areas ol 'ud Estimates and judgments are continually evaluated and are based on hSstorlcal experience and other factors, including expectations of ILrture events that are believed lo be Teasonable under the circumstances. Critical accounting estimates and assumptions.. The ¢h8rity makes estlmates and assumptions concerning th8 fijlure. Th8 resulting accounts'ng estimates and assumptions will, by definition, seldom equal the related actual results. However, thé truste88 are of the opinion that there are no estimates and assumptions that have a significant risk of causing a material adlustment to th8 carryin9 amounts of assets and liabilities within the nexl finonclal year. Page 16

STJOHN'S WOOD CHURGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020 Income from Charitable Activities Un- restricted funds 2020 Total funds 2020 Slandlng orders, pledges and envelopes (Gift Aid) standing orders, pledges and envelopes (Olh8TsI Donations and appeals Gift Day (Gift Aid) Gift Day {Others) Zaytoun Tr8idcr8ft Grant5 Church fees received by PCC Incorn8 tax recoverable on Gift Aid Cash collections at all services 61,898 13,927 22,414 24,850 2,140 627 90 197 584 12,248 7.817 61,898 13,927 22,414 24,850 2,140 627 90 197 12,248 7,817 146,792 146,792 restricted Restricted funds fund8 2019 2019 Total funds 2019 Slandlng orders, pledges and 8nv91opes (Gift Aid) Standing orders, pledges and envelopes (Others) Donations and appeals Gift Day (Gift Aid) Glft Day (Others) Zaytoun Traidcraft Church lees received by PCC Income tax recoverable on Gift Aid Cash collections at all seNices Legacie5 79,137 79,137 15,718 29.738 15.700 4,099 915 15,718 36,115 15,700 4,099 915 1,005 1,743 24,858 14,571 81,014 6,377 1,005 1,743 24.858 14,571 81,014 267.493 7,382 274,875 Page 17

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2020 Investment Incoma restricted Restricled funds funds 2020 2020 Total funds 2020 Rental income from church properties Dividends and Interest received 165,443 11,516 165,443 13,236 1,722 176,959 1,722 178,681 Un- re8trict8d Restricted fund5 funds 2019 2019 Total funds 2019 Rental incoma from church propertie5 Dividend5 and interest received 172,560 14,204 172,560 15,567 1,363 186,764 1,363 188,127 Page 18

STJOHN'SVVOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Expenditure Unrestricted Restricted Funds Funds 2020 Total Funds 2020 2020 Fundraising Fundraising 419 3,919 4,338 Grants and donations Relief and development agencies Local charities and grants 2,544 2,544 1,708 2,544 4,252 Activities directly relating ID Ihe work of the church Common fund contribution Clergy expenses Clergy houses - maintenance and running costs Church Tunning expen8e5 Choir and music Staff accommodalion Fabric expenditure- Churchl Hall Church Hall running costs Depreclalion of equipment 140,900 3,816 8,232 29,763 47,277 7,030 3,690 18,507 140,900 3,816 8,232 29,763 47,277 7,030 3,690 18,507 259,774 259,774 Church management and administration staff cos15 Office running expense8 Govemance costs 49,708 8,969 49.708 9,024 65 61.487 55 61,522 322,949 2,599 325,548 323,388 6,518 329,886 Page 19

STJOHN'S WOOD CHURC NOTES TO THE FINANCIAL STATEMENT3 FOR THE YEAR ENOED 31 DECEMBER 2020 Expenditure Unrestricted Restricled Funds Funds 2019 2019 Tolal Funds 2019 Fundraising Fundraislng 12,951 12.951 12,951 12,951 Grants and donations Christian Aid Relief and development agencies Local charitl8s and grants Slaler tr8vel grant8 1,834 7,580 2,050 1,834 7.580 9,250 7.200 7,200 14,064 21,2e4 Activities directly relating to the work of the church Common fund conlributlon Clergy expenses Clergy houses - mainl8nanc8 andrunnlng costs Church running expenses Choir and music Staff accommodation Fabric expenditure - Churchl Hell Church Hall running cogls Depreciatlon of equipment 137,600 5,647 16,785 32.332 53.593 2.510 14,510 17,367 559 280,903 137,600 5,647 16,785 32,332 53,593 2,510 14,510 17,367 559 280.903 Church management and administration staff costs Office running expenses Govemance costs 48,857 9,963 48,857 9,963 61,352 61,352 349.455 14,064 363,519 349.455 27,015 376,470 Page 20

ST JOHN'S VVOOO CHURCH NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Staff costs 2020 2019 Wages and s81ariès Contribution lo defined contribution pension schemes 48,486 1,223 48.858 1,471 49,709 50,329 The average number of persons employed by the charity during the yèar was as follows.. 2020 2019 ee numbers Office staff No employee receiv8d remunerallon amounting to more than £60,000 in either year. There are no significant disclosur8 1rans8cllons in respect of PCC members, persons close5y connected with them or any other related partles. Key management personnel comprises the tru51ees, who give their time freely and are not remunerated for their services. Trustees, remuneration and expenses During the year, one Trustee has been pald remuneratlon or has recefved other benefits from services provided to the charity. The fee of £394 was paid for the preparation of gift aid reclaims, and not for service5 as a trustee. During the year ended 31 Decembef 2020. no Trustee expenses have been incurred {2019 - £ NIL). Page 21

STJOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Tangible fixed assets Freehold Fixtures and property fittings Tolal Cost or valuation At 1 January 2020 75,300 9,139 84,439 At 31 December 2020 75,300 9,139 84,439 tio At 1 January 2020 Charge for the year 3,056 559 3,056 559 At 31 December 2020 3.615 3,615 Net book value At 31 December 2020 75,300 5,524 80,824 At 31 December 2019 75,300 8,083 81,383 The freehold land and buildings compnse the Church Hall and the propety located at 3 Cochrane Street , London. NW8. These weI85t revalued for Insurance purposes during 2017 at £3,136.000. Fixed asset investments Listed inYestm8nls ost r valuatio At 1 January 2020 Revaluation5 324.828 {41,9841 1 December 2020 282.844 Net b ok value At 31 December 2020 282,844 At 31 December 2019 324,828 Page 22

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENT3 FOR THE YEAR ENDED 31 DECEMBER 2020 Cost 2019 Value 2020 Value 2019 Restricted M&G Charibond - John Slater Fund 58 812 142 58,812 58.142 60.000 Unrestricted M&G Charifund Income M&G Charibond 74,158 204,271 247,150 19 761 L36 224,032 266.686 94,158 154,158 282.844 324.828 10. Oebtors 2020 2019 Due wlhin ne Other debtor5 15,244 15,558 15,244 15.558 11. Creditor8'. Amounts falling due within one year 2020 2019 other taxation and social security Other credllor9 1,328 9,536 10,984 10,864 10.984 12. Financial instruments 2020 2019 Financial assets Flnancial assets measured at falr value through income and expenditure 282,844 324,828 Financial assets measured at fair value thiough income and expenditure comprise fixed asset investments. Page 23

ST JOHN'S WOOD CHURGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 13. Statement ol funds Statement of funds - current year Balance at 31 Gainsl December ILos5e81 2020 Balance at 1 January 2020 Transfers Inlout Income Expenditure nr tric Desi fLind naled Fabric Fund 197 (3,6901 99,074 95,581 neral funds General Funds 703,186 323,799 1319,678) {101,801) 142,851) 562,855 Tota nr fun 703,186 323,996 1323,368) (2,727) (42,651) 858,436 Appeals Bicentenary Carol SeTvices John Slater Fund 784 1,398 2,338 13,919) 12,5441 2,521 206 59,725 1,722 (55> 670 62,062 64,245 1,722 16,5181 2,727 670 62,846 Total of ftjnds 767.431 325,718 1329,886) 141,981) 721,282 The John Slaler Fund was set up during 2005 as a permanenl fund in tribute lo a fomjer incumbent. The funds are held in an individual bank account and are managed by the PCC. It 15 the PCC'S practlC6 to set aside some of ils ordin8ry unrestricted income into a designated Fabric Fund. When there is significant expenditure on the fabric of the Church or the Hall complex, this is normalty paid out of the Fabnc Fund. Page 24

ST JOHN'3 WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020 13 Ststement oflunds Icontiwed Statement olfiJnds- pfy)r year Balance ai 31 December 2019 8alanc• at l JanuBry 2019 Tran8fer8 Inlout Gainsl Income Expendilure GenerAI Fund5 349 4S5 (lo,01_ es Appeals 8,384 1,999 17,5791 784 Blcenlenary 3.251 54 111,5681 8,881 1,398 C•rol SeNIc•8 1,845 2,544 12,0511 2,338 Chri•tian 11 1,834 11,8341 John Slalei Fund 60.082 1,383 12,8CQI 900 59.725 TT4ldcrAft i oos 11,3831 127,01 S) 339 71,681 8.799 10,000 900 64,245 Total of Fund$ 843.525 483,055 378,470 787.431 Page 25

ST JOHN'S WOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEER 2020 14. Analysis of net assets belween funds Analysis of net assets betsveen funds- current period Un- restricted Restricted lund5 funds 2020 2020 Total funds 2020 Tangible fixed assets Fixed asset investments Current assets cdItOrS due wrthin one year 80,824 224,032 364,444 110,8641 80,824 2BZ.844 368,478 110,8841 58,812 4,034 658,436 62,846 721.282 An8tysis of net assels be88n funds- prlor peiiod reslricted Restricted lunds lundg 2019 2019 Total funds 2019 Tangible fixed 8ssels Flxed asset investments Current assets Cre151tors due within one year 81,383 266,685 386,101 (10,983> 81,383 324,827 372,204 110,983) 58,142 6,103 Total 703,186 64,245 767,431 15. Related party transactions During ihe year. the church reNe0 donations from trustees amounting to £2,134. Page 28