St Mary
Islington
Annual Report
2021
r*

## Contents 

|Vicar’s report|Page 3 - 4|
|---|---|
|Churchwardens’ report|Page 5|
|Our year in numbers|Pages 6 - 7|
|EcoChurch report|Page 8|
|Deanery Synod report and treasurer’s report|Page 9|
|Governance and structure|Page 10|



2 



## Vicar’s report 

2021 has been a time of rebuilding for St Mary’s as we have come out of Covid. We have needed to gain confidence in meeting together again, restarting our in-person services in the church, while still allowing those who need to shield to join online. Throughout the year this has required a lot of adjustments at short notice, and I am very grateful to all those who have worked hard to allow us to respond quickly and safely. 

We said goodbye in different ways to some dear members of St Mary’s. First, to Liz Salmon, who passed away on 30 January after faithfully serving the people of this church for over 50 years. We continue to be grateful for the legacy of her ministry amongst us. Secondly, to Rev. Caroline Shuttleworth, who moved on to provide support for St Thomas’ Finsbury Park. Caroline was a great support for this church throughout the turbulence of the interregnum and for the five years of her ministry amongst us. But we also welcomed a number of new people to St Mary’s and we give thanks to God that they have found this church to be a place where they feel at home. Of course, I and my family have been amongst these people and we are grateful for the welcome. 

I am very grateful to everyone who, in their prayers, giving and time, supports the life of St Mary’s. It was especially humbling to receive a legacy from Liz Salmon’s estate and also a very generous gift from a congregation member towards the youth work. 


## **But 2021 was also a time of renewal** 

Renewal of us the people of God: It has been wonderful to see over this last year people coming back together. Each moment of seeing one another again, or meeting each other for the first time, has given us little moments of joy throughout the year. The Family Fun Day in September, attended by over 1000 people, showed again how St Mary’s can be at the heart of this community. 

3 



## Vicar’s report 

_Renewal of our buildings:_ The Heart of Islington project continued with the interior works to the main church space, and the completion of the North Gardens project. The official opening of the North Gardens with the Bishop of Stepney, the Mayor of Islington and many of the contributors to the project was a real highlight. 

_Renewal of our structures:_ We began the journey of changing our structures as the PCC and Mary’s Trustees agreed together that at the end of Mary’s lease in 2023 the Pre-School, site management, bookings and play scheme will come back under the oversight of the church. I am confident that this will enable us as Church to build on the good work that Mary’s have done over the last 15 years, to grow the church in discipleship, evangelism and social action. 

When we returned to worship in church on Easter Day 2021 we started our tradition of singing a hymn outside. This started out as a safety measure but the Holy Spirit took this and turned it into an incredible weekly act of witness in the middle of Upper Street. As people heard us they saw the people of God worshipping and they encountered St Mary’s as a place where the Spirit is at work. 

As we worshipped I believe our hearts were also renewed again with love for our community and a desire to witness to the good news of Christ. As we journey on through this time of renewal may the Spirit continue to stir up that desire in our hearts, and may we be bold to faithfully follow where the Spirit leads. 

Rev. James Hughesdon 

Vicar 

4 



## Churchwardens’ report 

A range of refurbishments has taken place in the church interior this year which cumulatively have served to ‘lift’ its overall appearance: stonework has been cleaned, timber wall panels French polished, brass mesh panels in front of radiators repaired and cleaned, Octagon redecorated, internal doors repaired, loose and missing wall and ceiling tiles reinstated, and two radiators replaced. 

New kneelers at the communion rail and cushions on the pews have improved both comfort and appearance. Electrical work has improved safety and provided additional power points. 

All five external doors, including the three lower-level doors into the crypt, have been repaired and French polished. The missing antique brass ring handle on the main front door has been replaced with a bespoke replica. 

These improvements represent the near-final stage of the Heart of Islington project. They have been made possible thanks to grants from Cloudesley and the AllChurches Trust and to generous donations from members of the congregation. 

In addition, thanks to grants from Cloudesley and the London Community Energy Fund, the four large blacked-out windows in the organ loft have now been lined with thermal insulation. This project was part of the church’s case to achieve a Silver EcoChurch award. 




5 



## Our year in numbers 


One new vicar and family 


Two Bishop visits Three Islington Mayor visits 




1230 Facebook page visits 18541 Facebook page reaches 1700 views on YouTube, almost 100 hours of videos watched 


One Pentecost balloon arch 



**----- Start of picture text -----**<br>
750 candles burned<br>**----- End of picture text -----**<br>



Six weddings 

6 



## Our year in numbers 

Two bouncy castles + 1000 visitors + 2150 sandwiches eaten = one family fun day 




250 midweek groups hosted 850 celebratory drinks toasted 1500 slices of cake made and consumed 3250 hot drinks served 



One Christmas fair with over 1000 visitors 




194 on our electoral roll 

At least three stories covered in local medias 

The PCC met 12 times in 2021 

**144 public services in church and online with 6937 attendances** 

7 



## EcoChurch report 

Work to decrease our church’s carbon footprint and to improve its environment for biodiversity continued during the pandemic. Sally Hull, in particular, kept the Saturday morning gardening sessions going, so that the rose garden in the south-east corner of the churchyard now looks lovely both to humans and to insects. Re-creation of the North garden was completed and provides not only a meeting and resting place for humans, but a large variety of plants to attract wildlife, and bug houses on the Neighbourhood Centre wall. Inside the church the latest energy-saving measure was installed: insulation of the organ loft, to prevent freezing downdraughts in winter at the back of the church. 

In preparation for COP26, the international conference in Glasgow on climate change, we held a Climate Sunday in September. We also had two evening meetings, using in part a programme devised by Green Christian (which St Mary’s supports financially) that looks at the economic origins of climate change. Various small changes in how we do things meant that by the end of the year we were nearly ready to apply for a silver EcoChurch award. 




8 



## Deanery Synod report 

Two meetings were held on Zoom and one, in November, face-to-face. Some business was conducted – appointing charity trustees and governors to church schools in the deanery – and we said goodbye to the Area Dean, Paul Zaphiriou, who retired to Cornwall. 

There was more discussion of the diocesan Vision 2030, by which the hierarchs hope to increase the number of parishioners across the diocese. Although our synod has been flagging up the importance of doing more about climate change for over six years, the vision views it as only one of many issues of equal importance. 

Islington deanery will have to take a lead and show the rest of the diocese how much care for God’s creation churches can provide. 

## Treasurer’s report 

The church accounts for 2021 benefitted from the highly generous receipt of two significant gifts – a legacy of over 280,000 pounds and a gift of c. 50,000 given for the purpose of funding our youth ministry. Without these two exceptional items, our outturn shows an improvement v. 2020 of c.5% at Gross profit level. This is a very healthy result reflecting a holding up of voluntary income in what was, of course, another covid-impacted year. 

Church expenditure benefitted from the savings incurred by the youth minister vacancy – of 18,500 pounds v. Budget. Allowing for the two exceptional donations and youth ministry savings shows an underlying net operating loss of just over 2,300 pounds on an adjusted  gross profit of c. 287,000 pounds. 

The full financial report is available on request from the church office or by emailing imogen.erskine@stmaryislingotn.org 

9 



## Governance and structure 

Our Parochial Church Council Members 2021 The Revd James Hughesdon, chair from 31 January 2021 Interim Minister: The Revd Caroline Shuttleworth, until 4 July 2021 Churchwarden Mr Edward Adegbola Churchwarden Miss Rebecca Shilling Churchwarden Mrs Anthea Nicholson Deanery Synod Lay Representative Dr Sophie Castell Deanery Synod Lay Representative Dr Richard Nicholson Deanery Synod Lay Representative Mr Babatunde Awonusi PCC Member (elected) Mr Nick Sykes, Vice Chair PCC Member (elected) Dr Sally Hull, Electoral Roll Officer PCC Member (elected) Ms Angela Cannon, Assistant Electoral Roll Officer PCC Member (elected) Dr Patty Kostkova PCC Member (elected) Jules Cassidy PCC Member (elected) Ms Julia Abrey PCC Member (elected) Mrs Jennifer Obaseki PCC Member (elected) Mr David Vanden Bon PCC Member (elected) Mr John Gallagher PCC Member (co-opted) Mr Neville Walter, Treasurer, from November 2021 

Staff Team 2021 The Revd James Hughesdon, Vicar, from 31 January 2021 The Revd Caroline Shuttleworth, Interim Minister, until July 2021 Ian Mylam, Licensed Lay Minister Jakub Tomasek, part-time Music Worship Leader Imogen Erskine, part-time Office Manager Olu Omose, part-time Finance Officer from July 2021 

A very large number of volunteers support the work of the church and it’s not possible to list all of their roles in this report. Among them, significant leadership responsibility is undertaken by the Licensed Lay Minister, three churchwardens, Sacristan, treasurer, service leaders and preachers. 

10 





**St Mary Islington telephone: 020 7226 3400 Upper Street email: hello@stmaryislington.org London www.stmaryislington.org N1 2TX** 

**Registered charity name: Parochial Church Council of the Ecclesiastical Parish of St Mary, Islington** 

**Registered charity number: 1131900** 

12 



Tho Parochial Church Council of St Mary, Islington
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
Oplnlon
We have audlled Ihe tlnanclal slatom$nt$ of Sl Drtaiy, Islington Ithe'charltl) for the yegr ended 31 December
2021 which comprise Uie slalemenl of financial arlivilies, Ihe balance 8heet, the slalemenl of cash flow5 and
thè nrjtes to the linancial slalements, including a sufntnary of signSfic3nl accounlSng pollcles. The linan¢Sal
reporting framework Iliat has beon gppllÈd In their preparation is applicable law and United Kingdom
Accounting Standards, including Flnancial Reporllng Standard 102 Tho FinanGial Reporting Slandard
ppIIG8ble In Ihe UKand Republic of Ireland Iunited Kingdom Generally Accepted Accounting Praclicel.
In our oplnlon, the financial slalemenls:
glve a Ifue and falr vlèw of the stale of ￿le charitable company's effairs as at 31 De(*mber 2021
and of Its Inromlng resources and appllcatlon ol resour¢es, ftsr Ihg yoar thon ond8d',
have been properfy prepar6d In accordanGg with United Kingdom Generally Accepted Accounilrbg
Pracli¢o', and
have been prepared In ac<x)rdancè the réqulremènts of thè Companies Act 2006.
Basls for oplnlon
We conducted our audlt ln accordance ￿th InleTnallonal Standards on Audlllng IUKI {ISAs IUKII and
applicable law. Our respgnslbllllies under th058 Standards 8r6 further descrlbed in tho Audkoffs
responslbllllles for Ihe audit of Ihe Iln8nclal slatemenls section of our report. We are independent of Ihe
eharlty In accordance wllh the ethlcal requlrements Ih8t Are relevant to our audit of th8 Itll8ncial statements in
the UK, Ineludlng Ihe FRC'8 Elhical Standard, and we have fullllled our other ethlcal responslbllltles I
accordance with these requlrement5. W8 b8118V8 that the audlt avld8nce we have obtained is sufficient and
approprf8le lo provldè a basls for ouroplnlon.
Concluslons rèlatlng to golng concern
In auditing Iho linanciaj statemont9, we have concluded that th• Tru$te69' usè of the golng concern basls of
accounung In IhB preparaUon of the flnanclal statemen18 is appropriate.
Ba58d on the work we have performed. we have nol Sdentilied any malerial uncortainli8s relating lo events or
conditions that, indivldually or Golledively, may cast significant doubl on the uharlly's ablllly lo contSnue as 8
going concern for a period of 01 l¢asl twelve month5 from whèn Ihè flnanclal ylatsments are aulhoris8d for
i$su¢.
Our responsibililies and the resFKJn9ibilitie5 of the truste85 Wlth resp8Ct to golng ¢onoern are desc¥lb&d In the
relevant sections of this report.
othèr InfoM1atlon
Thè othèr Information comprises the information InGluded In the annual r6Ptsrt olhÈr than the flnanclal
8talemenls and our auditor's report thereon. Th8 truste85 are r8sponslble for the other Information contained
within the 8nnual r8POrt. Our oplnlon on the financial stalemenls does nol cover the other Infomialion and we
do not express any fomi of assuian¢& con¢luslon Ihereon. Our responsibility 18 to read Ihe other information
and, In dolrjg so, consider whether the ollier Inforfflatlon Is materlally Inconsi5tenl willi the financial
slatements or our kriowledge obl?ined In the cours8 of the audit, or Oiherwlse appears lo b& materially
migslaled. If wg identify such material in¢onsislencie5 or apparent materlal mlsstatèments, wo arg required to
d81ermino whether tl)ls givè5 rf58 to a malerlal misstalement in the financial slalemgrls themselves. If, based
on the work we havè performed. we conclude Ih&t Iher8 is 8 m8teriÈl miss181emenl of this other Information.

The Parochial Church Council of St Mary, Islington
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
we are required lo report thalfact.
We have nothing lo r8poil In thls regard.
P15atters om whlch we aye Y&qulred to report by èx¢èptlon
We liavo nolhlng lo report In respect of thè follo￿ng matters in relallon to which the ChaYlU6s (Accounts and
Reports) Rggulatlons 2008 require US to r8POrt to you if, Sn our oplnlon..
th& information glven In the flnancial slatemon181s In¢on$lsient In any material respect with the
Trust8e5' report., or
sulflclent accounling records havo not been kept,. or
Ihe flnanclal slalemenls are nol In agreeMent￿th th8 accounting rècords., or
w& have not received all the Informailon and explanations we require for our audSt.
Re5pon5ibilitigs of trustees
As 8xpl8lned tnure fully in thg slal6m6nl of Tntsl88s' responsibilities, the Iruslegs, who are also the directors
of the charlly for the purpose ol ¢oMpany law, are responslble for the preparation ol the linanclal statements
snd lor belng sallsfled Ihat they give a true and fair viow, and for such Inlernal control as the IrLFStee¥
d8tertnlne 15 necessary lo enab18 the pFepaiation of financial statements that aro free from material
misstaiernent, wh8th&r due to ffaud or erior. In preparlng the llnanclal slalemenls. the trustees are
responsible lor assessing th8 charltls ability to conllnue as a going conc8rn, disclosing, as applicable,
mall8r8 related to golng concem and using Ihe going Goncern basis of accounting un18SS the trustees either
Intend lo li4uldale the chartlable company or to cease operatlons, have no realistic alternativo bul lo do 80.
Auditor'$ rèspohSlbl111les for the audit of the flnanclal ststemonts
We have been 8ppolnled as aud5tor under secllon 144 of tho Charftle¥ Act 2011 and r8pori in acco¥danco
wllh
the Act and relavanl regulallons vnado or havlng elfect thereunder,
Our objectives are to obtaln reasonable assurance about wliether Ihe fSnanclal slalgments as a whole are
free from material mlsslalgtnenl, whether due to fraud or eFror, and to188ue an auditorfs report that includes
our Eyinign. Reasonable assurHllce is a high lèvel of assurance bul Is not a guarant88 that an audit
¢onducted IEJ accordancg with ISAS {UKI wll always detect a Tnat8rial misstatement when It exists.
Misstatemènts can arise from fraud or error end are eonsldered malprlal if, individually or li) the aggregate,
they could r8asonably b8 eXp￿ted lo Influence the economlc decl8lon$ of ustrrs taken on Ihe basis of these
lin8nctal slalemenls.
IrregularSlles, Indudlng fraud, are Instances of non-complianc8 wilh laws •nd regulallons. We deslgn
procedures in line ￿1h our reswnsibilities, outlin8d above, to delecl material rnisstalemenls In respect of
irregularities, Including fraud. The extenl to wliiGIi gur procedui'es Bre capable ol detecling irr8gularilles,
Includlng fraud. Is deialled below.
We ensur8d that the èngagement learn collectiV81y had the appropriate comp&tence, ¢ap8bllltl&s and skllls to
IdÈnllfy o¥ rècogrise non-cornpliance wilh appll¢abl8 laws and regulalSons. Th8 law8 and regulations

The Parochial Church Council of St Mary, Islington
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
commercial knowledge and experience of charitable organisalions. Of these laws and regulations, we focused
on those that we considered may have a direct material effect on the financial slalemenls or the operations of
the company, including Charity Law, Companies Act 2008, laxalion legislation. data protection. anli-bribery,
anli-money-laundering, company & employment, environmental and health and safely legislation. The extent
of compliance with these laws and regulations identified above was assessed through making enquiries of
management and inspecling legal coriespondence. The identified laws and regulations were communi¢aled
within the audit team regulafly and Ihe team remained alert to instances of non-compliance throughout the
audit.
We assessed the susceptibility of the company's financial slalemenls lo material misslalemenl, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as lo where they considered there was susceptibility lo fraud, their
knowledge of actual. suspected and alleged fraud.,
considering the internal controls in place to miligale risks of fraud and non-compliance with laws and
regulations., and
underslanding the design of the company's remuneration policies.
To address the risk of fraud through management bias and overiide of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships-
tested journal entries lo identify unusual transactions.
assessed whelherjudgemenls and assumptions made in determining the accounting eslimales sel
out in note 2 were indicative of potential bias.. and
investigated tho rationale behind significant or unusual transactions.
In response lo the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, bul were not limited lo..
agreeing financial slalemenl disclosures to underlying supporting documenlalion..
reading the minutes of meetings of those charged with govein8nce',
enquiring of management as to actual and potential liligalion and claims.. and
reviewing correspondence with HMRC. relevant regulalois including the Charity Commission and
the company's legal advisors.
There ale inherent limitations in our audit proceduies described above. The more removed that laws and
regulations are from financial Iransaclions, the less likely il is that we would become aware ol non-compliance.
Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulalory and legal correspondence,
if any. Material misslalemenls that arise due lo fraud can be harder to delecl than those that arise from eiror
as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website ￿h1[ s 11
www.ffc.or
.uklaudilorsres
onsibililies. This description forms part of our auditor's report.
Use of our report

The Parochial Church Council of St Mary, Islington
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
This report is made solely lo the charity's Iruslees, as a body, in accordance with parl 4 01 the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the
charity's Iruslees those mallers we are required lo slate lo them in an auditors, report and for no other puipose.
To the fullest exlenl peimilled by law, we do not accept or assume responsibility lo anyone other than the
charily and the charity's Iruslees as a body, for our audit work. for this report. or for the opinions we have
formed.
CBW Audlt Llmlt&d
28 June 2022
Chartered A¢¢ount8nt8
statutory Auditor
66 Prescol Street
London
E18NN
C8WAudil Limited is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment
as auditor of a company under section 1212 01 the Companies Act 2006.

The Parochial Church Council of St Mary, Islington
STATEIVIENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
Unrgslrlcted Restrlcted 2021 Total
Funds
Funds
2020 Total
Note
In¢omlng rasources
Voluntary income
Acllvllles lor generaung funds
Income from Snveslmenis
Church acllvllles
420,627
77,389
58,908
5,192
7.912
570,027
156,234
576,861
77,389
58,913
5,192
7,912
726,267
216,101
15,130
52,302
458
2b
2d
Other incoming ro8ourc88
Total Incomo
2e
8,650
292.641
156.240
Resource5 expended
Church a¢tlvltlo¥
Raising Funds
Olher
Total Expendlture
3b
3a
3¢
248,421
18,657
9,975
277,053
155.106
40
403,527
18.697
9,975
432,200
278,989
5.838
9,975
287,802
155.146
Net IncomellExpehdilurel
rransfers belween funds
292,973
1,094
294,067
4,839
10
Net movement In funds
292,973
1,094
294,067
4,839
Total funds brought fo￿a￿d
2,498,739
220,293 2,719,032
2,714,193
Total funds carrled forward
2.791.712
221,387 3.013,099
2.719,032

The Parochial Church Council of St Mary, Islington
BALANCE SHEET
As at 31 December 2021
2021
2020
Noles
Fixed Ass&t$
Tangible
3,250,000
3,250,000
2.410,000
2,4fO,000
Curyent Assets
Debtors
Ca81i at bank and In hand
19,729
601,534
621,263
9.126
320,635
329.761
Llgbllllle$
C¥editors- amounts f811 due within on9 year
{18,f641
{20,7291
N8t CurrentA55els J ILlab11511es)
603,099
300,032
Total Net Assets
3,853,099
2,719,032
Parlsh Fund$
Unr@stricled
Designaled
Rev8lvation reserv8 on Neighbourhood Centre
10
459,307
82,881
3,172.406
3,721,594
166,333
127,169
2.332,406
2,625,908
Restricted
Total Funds of the church
10
138.505
3,853,099
93,124
2,719,032
Th989 linanclal statemènts warè approved by PCC I
2022 8nd signed by..
Jamès Huuhesdon
Vlcar

The Parochial Church Council of St Maryl Islington
STATEMENT OF CASH FLOW
For the year ended 31 December 2021
2021
2020
Ngt Cash frorn operatrng actlvltièg
Net Cash provlded by lused Inl opèr8tlng actlvltlgs
280,899
26,957
Net cash provlded bylusod In Ihveytlng actlvIlles
Chang9 in ¢a$h and cash equlvalonts In th8 year
280,899
26,957
Cash and cash equlvalenls al 1 January
Cash and chsh equlvalents dt 31 December
320,635
601,534
293,678
320,635
Reconcilsalion of net incomel lexpendilurol
Net Income before Investment galns at 31 December
Adjustments for..
Depreclotlon ehargés
Decieas&l1Sncrease) in debtors
{Decrease)l increase In creditors
294,067
4,839
3,035
9.719
9,364
110,6031
12,565)
Net eash provlded byl (used In) operatlng actlvltlos
280.899
26.957
Analysls of cash and cash •quival•rntg
Cash In hand
601,534
320,635

The Parochial Church Council of St Mary? Islington
STATEMENT OF CASH FLOW
For the year ended 31 December 2021
A¢¢ountlng Pollcles
A Accounllng convontion
The flnancial 318tgments have been prepared In &ccordanco wllh FRS 102'The Flnanelal Reportlng
Standard applicable in Ihe UK and Republlc of Ir81and ('FRS 102,1, "Accountlng and Reporting by
Charitieg" the Statement of Re¢ommentSed Pr8ellcÈ as It appl165 from 1 January 2015. The trust Is a PubllG
Benefll EnliÉy as defined by FRS 102.
The accounts h8ve departed from the Charilies {Accounls and Report$} R&gulatlon5 2008 only trj the exlenl
requlred to provide s true and fair viow. This departure has involved follo￿ng the Staletnpnt ol
Recommended Practlce forcharlties applying FRS 102 rather tlian the verslon of the Statement of
Recommended Praclice'whlch is referred to In Ihè Réyulatlons but whlch has slnce been withdrawn.
The accaunls are prepared in sterling, which is lh& funcliollal currency of th8 church. Monetary aTnounts in
these financial slaleTnenls are rounded to the nearesl £.
Th& account8 have been prepayed on the hlslorical cost convent￿On, Modifted to Indude the rev8luallon of
freehold properties and tts Snclude Inveslmenl propertles and cerlaln Ilnanclal In8trumen15 al fair value. The
princip318(xounling policies adopted are sel out below.
B Funds and reserve
Funds held by the PCC a￿..
Reslrirled fufr7ds-81 income from injsls or endowments which may bo expendèd only on those reslrlcled
oblecls provlded In the terms of the trust or bequest- bl donations or grants recelved for a speclllc object or
Invltad by the PCC for a specific object. Tha funds may only be expanded on the specific oblect for which
they weie given. Any balance remalnlng unspènt al th6 end ol the year Is car¥led forward as a balance on
Ihe fund.
Unreslrlctèd furKIs
General funds - whlch can be used lor PCC ordlnary purposes.
D8signaletJ funds- monles sal aslde by the PCC out of unreslrlct8d fund8 for speolic fulure projecls.
In order to ensure that the PCC'8 known regular linancl81 commllmtrnts can be mel when due, and lo
provlde sufficier¢l financial flexibility to m8el un8XP8Cted 8XP8ndilure,11 Is the policy of the PCC to seek lo
I￿ld free reserves within ils unr&stricled fvnds li.e. reserves whiGh are not designated nor represented by
Ihat proportion ol Ilie cost of lh8 N81ghbourhood Cenire whicli Is financed from reserves) at a mlnlmum of 3
months of anlS¢lpaled &xpendllure. Al the end of Ihe year, this free reserves policy was mel.
C Incomlng resources
All incoming resources are accounted for aross.
Voluntary Income
Collections are recognlsed only when reGeived. Planned uiving receivable is recognised only when It Is
received. Inwme tsx recoverable on Glft Ald donations is recognisad whgn Ilie donatiOT)s are fecelved.
Grants and legacle5 are recognlsed when the PCC is legally enlilled lo the amount due and the amounl
o8n bo maasured wllh reasonable reliablllty.
Income from Investments
Rents receivable and Interest are accovntsd lor when du8 and payabl8. A lull acEiua15 besls of Interest
would resuli In no Malerlal dlfference.

The Parochlal Church Council of St Mary, Islington
Notes to the financlal statements
For the year ended 31 December 2021
All other income
All other income 18 recognised when it is receivablg.
D ResOU￿eS expendèd
Re50urGes expended are accounted for on an 8Gcrua18 ba818 and are accounted for gross.
P&nslon costs (seè Also Notè 51
Tl)B PCC conlrlbules lowards a money purchase stokeholder scheme for qualllying @mployees.
Conlrlbutlons ar8 charged on an 8ccruals b8sIs.
Operating1885es
Rentals payable under operating leases are charged agaln81 Incorne on a slrafvJhl-lille bas18 over Ihelgase
term.
Grants
Gr8nt8 8n¢J donations ar8 aGwunled for vthen paid ovgr, or when awarded wherg the award creates a
blndlng obligallon on the PCC.
Church Actlvilies
The diocesan parish contribution is accounted for when pald. Any parish contrlbutSon unpaid al 31
Oecemberwould b8 provlded lor in these accounts as an operational {thnugh not a Ipgall Ilablllty and
shown as a cr8dltor In Ihe balance shè8t.
E Fixed Assets
Tanglble flxeLI assots
Consecrnted and beneliced propertyof any kind Is excluded from the aGGounts by s.1012)la)&lcl Df Ihe
Charllles Act 2011. No value Is placed on moveable chureh furnishings held by the ohurchw¥rden$ on
special Irijsl and for which a facully Is r￿uIr8d for Ihglr disposal, $ln¢e IhB PCC considers such lo bg
unallenable propety-
A polloy of revaluation has b8pn adopt8d for Ihg thurch's functional property, which is Ihe Neighbouiho(xl
Centre. Fomial v8lu81ions are obtained every fsve year8 and advice a8 to malorial movemeTrls in property
value81$ obtalnod In.Ihe perlod belween formal valuations.
Small items of equipment Inormally those ￿￿tIng less than £500) are charged as expenditure in the year of
purchase.
Depr8ciation
D8pr8ciation 13 calculated lo writo down thg Cost of tangible tixed assets, gxcluding freehold properties. on
a 81raighl line basis over their expected useful liv88. The rates generally applicable are..
Fixlures and fillings
Four years
Computer equipment
- Three years
No deprecAalion15 provided on fre8hold property as it is thè PCC'S policy to mBinlain these assats In a
conlinual slate of sound repaSr. Thè useful Bconomic Ilfe of thes6 assèts Is so long and resldual valu88 SO
high Ihal any depreclallon would not be rnalerial. Thes8 assets VAII be subleel lo annual Impalrment
revlews. Provislon will be ma(Se if there has been any perrnanenl dlmlnullon In value.

The Parochial Church Councll of St Mary, Isllngton
Notes to the financial statements
For the year ended 31 December 2021
2 Incomlng resources
Unrestyicted Reslricted 2021 Total 2020 Total
Funds
Fund5
a Voluntary Income
Planned glvlng
Collecuons at 86rvSc8s
Sundry donatlons and appèals
Legacy Income (Note 10111
Gift Ald re¢overÈbt8
Grants (Note 1011
Other funds g8nerat8d
86,924
6,212
21,291
281,297
24,032
B6,924
6,212
71,451
281.297
36,532
7,086
9.944
576.861
102,772
4,348
9,128
69,000
23,767
7,066
50,160
12,500
74,5fJO
19,074
156,234
870
42(1,627
216,101
b AGtivit185 for ggneratlng funds
Nelghbourhood Cenlre Rent {Note 111
Fundralslng evenis
76,000
1,389
77,389
78,000
1.389
77.389
15,000
15,130
c Investment incom8
Intere81 receivable
Rent of Neighbourhood Cenlre flat
Forecourt rents
63
69
562
29,973
28,871
58,908
29,973
28.871
58.913
29.458
22.282
52,302
d Income from Chuych Actlvltles
8ookslall sales
F888 forweddlngs and funera18
5.192
5,192
5,492
5,192
458
458
e Otlier incorning resources
Solar Pane15- Feed In Tarlff recelpts
7,912
7,912
7,912
7,912
8,650
8,650
Total incoming resou￿03
570,Q27
156,240
726.267
292,641
3 ResourGtrs expended

The Parochial Church Council of St Mary, Islington
Notes to the financial statements
For the year ended 31 December 2021
Unrèslrlctod
Funds
Reslrlcted
Funds
2021 Total 2020 Total
a Raising Funds
Events
Garden Ilal lettlng f88s & m8Sntén8fK
386
18,271
40
426
218
5,620
18,271
18,657
40
18.607
5.838
b Church activities
Sl Mary's Misslon partner8
Hornp Mission {Note 111
DI0￿San Common Fund
Muslc Minlslers- Salary and Expenses
Church- Ulilltlg5
Church Insurance
Church cleanlng
Church rnainienance
16,140
55,000
go,000
5342
9.455
7,490
16,140
55,000
90,000
10,592
9,455
7,490
5,442
49,841
1,052
17,873
4.099
200
18,168
2,215
2,212
2,339
14,860
395
90,000
11,908
6.047
7,982
4,291
20,693
17.099
10,796
1,377
5,250
5,466
1,052
17,873
4,099
20
44,374
Vlcar8g8 n18intenance
Upkeep of saNIc8S
Parlsh magazlne. webslte And publlclty
Ttalning and r8tr8at8
Parlsh ofllc8 staff ￿sts
Photocopler and statlonery
Other parl$h officg cosls
Soul in thè clly
Depreclatlon
Church malor repalrs
Chlldren's work
Accountlng se1￿c9S
18,168
2,215
2,232
133
14,244
704
4,001
2,206
3,035
59,600
741
11,208
278,989
103.276
103,276
8,114
248,421
8,114
403,527
155,106
C Gov&rnanc
Audilorsllnd8P8ndent Examlnatlon f&&s
9,975
9,975
9,975
9,975
2,975
2,975
Total resources expended
277,053
155,146
432,200
287,802

The Parochial Church Council of St Mary, Isllngton
Notes to the financial statements
For the year ended 31 December 2021
4 Prltsr year comparatlves
The detailed compar8tiV85 foreach Item In the Slalement of Financi81 ActlvTrtles are shown bg10w-
UnYè8trlcted
Restricted 2020 Total
Funds
Fund5
Inooming resource8
Volunlary income
AGlivilles ft)r generatlng funds
Income from investments
Church activities
Olhel Incomlng resour￿$
Total Incon7e
139,735
15,1304
52,302
458
8,650
216.2756
76,386
216,101
15,130
52,3024
458
8.650
292,641
76.3663
Resources expended
Church aclivi118S
Raislng Fundg
Olher
Total ExpendituY•
192,611
5,838
2,975
201.424
86.378
278,989
5,8389
2,975
287,802
86,3781
Net IncoMel{Expenditurè)
Tr8nsfers between funds
14,851
(10.0121
4,839
N•t movement In funds
14,851
110,0121
4,839
Total funds brought forward
Ttstal funds carriBd fotward
2,611.057
2,625,9087
103,136
93,124
2,714,193
2,719,032
S Staff Costs
2021
2020
Wages and salar1è8
Social security cost8
Penslon ¢o$ts
24,714
24.066
1,962
26,676
1.760
25,828
Total

The Parochial Church Council of St Mary, Islington
Notes to the financial statements
For the year ended 31 December 2021
During the year, the PCC 8mployad 2 staff In tlie Parlsh Offlce12020.' 11 ond 1 Music mlnlgler12020: 11. The
average number, on the bas1$ of full-lime equivalents. was 312020.. 3}.
The PCC provldes a deflned eontrlbulloK stakeholder pensSon ￿h8rn8 for qualifying employees, under which
It contribules 8QA of the employee's basic salary. Eniployees may also make thgir own contributions. The
assels of the s¢heme are htsld separately from Ihose of the charily, in an independenlly admiiiistered lund.
Nong of Ihe staff members earft&d tha Act's mlnlmum figure for declarallon of £60,000. p.a.
6 Tanglble flxed o¥set8
Noighbourhood Equlpment
Centre
Total
Cost or valuatlon
At 1 Januqry 2020
Revalualion
At 31 De¢ember 2020
2,410,000
840.000
3,250,000
77,901 2,487,901
840,000
77,901 3,327,904
Dèprèelatltsn
At l January 2020
Charge for th6 year
{77.9011 177,901)
o)
At 31 December 2020
(77,9011 {77.9011
Net book amounts
At 310ecember 2020
2,410.000
0 2,410,000
At 31 Doc8mbor 2021
3,250,000
0 3,250,000
The Neighbourhood Centre is vested In the London Dloc&98n Fund oll behalf of the PCC. Ils market
value, Subject to the existing tenancy, wes determined as £3.25 million, lo include the first floor flal, by
Slretlons Chartered Surveyors and Valuers In March 2022.
The Revaluation ReseNe represents th& dllfeience between the current valualEon of the N8lghboDrhood
Cenlre and ils oAginal cost. As Such, It Ss neither represented by cash nor In a lom whlch is available for
èxpenditure by the PCC.

The Parochial Church Council of St Mary, Islington
Notes to the financial statements
For the year ended 31 December 2021
Y Analysls of Net assets byfund
Unrestrlcted Rgslriclgd 2021 Total 2020 Total
Fund9
Funds
Fixed assets
Current 855ets
Debtors
Deposits and cash
3,250,000
3,250,OOD 2.410,000
7,229
601.534
608,763
12,500
19,729
601,534
621,263
9.126
320.635
329.761
12.500
Current liabilities
118,1641
3,840,599
(18,164) 120,729)
3,853,099 2,719,032
12,500
B Debtors
2021
2020
Glll ald recoverable
Duefrom Maws
Prapaymenls
Acci'ued income
Other Debtors
14,360
1.344
603
1,405
2,017
1.78
4,665
556
2,124
19,729
9,126
9 Ciedltorj.. amounts folllng due wllhln one year
2021
2020
Credilorg
Accrued expenses
8.164
10,000
15,357
5,372
18,164
20,729

The Parochial Church Councll of St Mary) Islington
Notes to the financial statements
For the year ended 31 December 2021
10 StalEment of fuhd5
Openlng Income Expendlture Transfers
balancè
JRovalue
01.01.21
Closlng
balance
31,12.21
Unr&8tricled Funds
General fund
166,333 570,027
127,469
85.392
293,502 665.419
2,332,406
2,625,908 655,419
{277,053}
1129,633}
1406.686}
459,307
{47)
82.881
147) 542,188
840,000 3,172,406
1406,686) 839.9531 3,714.594
Fabric fund {il
Rev8luallon resewe
Restrlctèd Fund5
Chlldren's Mlnlslry1111)
DenSse Antenen Legacy lill
Dl$crellonary fund {vl
Heart of Isllnglon- Gen8r81 {1)
Monclay Followship
Retreat Fund
11,974
62.798
1,298
2,751
881
62,500
74,474
57,548
1,298
(5,250
4,688
550
17.486}
40
47
1,391
1,479
1.577
638
1,479
3.773
638
Soul In thé Clly
Vicarage De￿ra110￿ Fund
Sus18inable Church ProleGt {Iv}
Flower Fund
10
2,206
7,532
3.000
100
70.848
{10,532)
100
47 138,505
93,124
(25,5141
Total Funds
2,719,032 726,267
{432,2001 840,000 3.853.099
As explalned in Note 1b, th8 PCC funds are dlvided between Unreslrleled and Reslrlcted Funds. Wllhln the
first of these CategOr￿S is one Designalod Fund. which is unrestrlcted and ha5 bBen 58t asld& by Ihe PCC lor
relurblshmenl lo th8 fabT(o of the church.

The Parochial Church. Council of St Mary, Islington
Notes to the financial statements
For the year ended 31 December 2021
Notes
The Heari of Islinglon fund sva5 set up in 2016 10 tok¢ reGelpl of gellerous donallons from Ihe ¢ungreg8lion
anij subsequent grant5 towards th8 Heart of Isllngton project. Th18 fund has now been c1058d and the near-
flnal stage of the project has been funded vla th8 de51gnated Fabrlc Fund. We reGelved two oenerous orants
froin Cloud091ey In 2021.. £45,000 towarrf5 internal refurbishment f)f the church and £2Jr,000 tOW8rds
refurblshmenl of the external doors. electrical work. and new eommunlon rail kneelers alld pew ciishloll5.
The res1 of the incorne in 2021 comprised VAT refunds from DCMS, under th8 Government's Listed Places of
Worship 8chome
li The executors have Indlcated four'areas favoured by Denise Ant8nen on an advlsory basis,, In order of
priorlly, summarispd as:
1. Suppori of classical music as part of worship at Sl Ma￿S Church.
2. Support youth work in Ihe lorm of christian IKJlidays away for young people.
3. Fadlllles to render the Church more accessible ahd amenable to the elderly and infirm.
4. R8deGoration of the church vestibule.
Expendllure In 2021 was In support ol ¢lasslcal muslc.
ill The PCC received a donalion of £50,000, a one-off donallon to go towards th8 Cost of employing a
famllles and children'81youlh workerhnlnlsler and the agsoclated glft aid in resp8Ct of the donation £12,500.
Iv Thanks lo a 9rant from Cloudesley in 2018 and a more recent grant from thè London Commvnily Enet'gy
Fund, the four larue blacked-out wlndows In the Droan lort have now been Ilnad wllh thgrmal Insulatlon. This
PTojecl has helped the church to achieve a Silver CcoGhurch award.
v A fund lo bg used at the churchwardBn's disc￿tiOn, to help people lrn flnanclBI crlsls.
11 Mary's
On 1 January 2009, the community aollvilies oflhe PCC wer8 commlssloned lo a separate reglstered
charity. called Sl Mary1511nglon Communily Partnership and rebrdnded during 2014 as'marls..
The ariangemenls by which Maws occupies thè Nel9hbourhood Centre and Crypl were formallsed In a
lease and licence entered In(0 In Aprll 2013., wlth a rent revlew in April 2018, whereln, the renl increase(J to
£75,000 per annum. This year Molls paid the full amotjrnl as recorded12020- £15,000) for Ihe year. The
dlscrelSonary grant was also passed.12020- NIII.
Charges are made lo an($ from the PCC and Mary's In order to rellecl costs incurred by the one bul partially
for the benelil of th8 Other, namèly utilities and Insurance.
12 Inlerests of the PCC membèrs In transaction3
No member of the PCC had a Iln8nclal Inte￿$t in any transaction wilh thè ehurch during 2021 INII 20201.

St Mary
Islington
Annual Report
2021
r*

## Contents 

|Vicar’s report|Page 3 - 4|
|---|---|
|Churchwardens’ report|Page 5|
|Our year in numbers|Pages 6 - 7|
|EcoChurch report|Page 8|
|Deanery Synod report and treasurer’s report|Page 9|
|Governance and structure|Page 10|



2 



## Vicar’s report 

2021 has been a time of rebuilding for St Mary’s as we have come out of Covid. We have needed to gain confidence in meeting together again, restarting our in-person services in the church, while still allowing those who need to shield to join online. Throughout the year this has required a lot of adjustments at short notice, and I am very grateful to all those who have worked hard to allow us to respond quickly and safely. 

We said goodbye in different ways to some dear members of St Mary’s. First, to Liz Salmon, who passed away on 30 January after faithfully serving the people of this church for over 50 years. We continue to be grateful for the legacy of her ministry amongst us. Secondly, to Rev. Caroline Shuttleworth, who moved on to provide support for St Thomas’ Finsbury Park. Caroline was a great support for this church throughout the turbulence of the interregnum and for the five years of her ministry amongst us. But we also welcomed a number of new people to St Mary’s and we give thanks to God that they have found this church to be a place where they feel at home. Of course, I and my family have been amongst these people and we are grateful for the welcome. 

I am very grateful to everyone who, in their prayers, giving and time, supports the life of St Mary’s. It was especially humbling to receive a legacy from Liz Salmon’s estate and also a very generous gift from a congregation member towards the youth work. 


## **But 2021 was also a time of renewal** 

Renewal of us the people of God: It has been wonderful to see over this last year people coming back together. Each moment of seeing one another again, or meeting each other for the first time, has given us little moments of joy throughout the year. The Family Fun Day in September, attended by over 1000 people, showed again how St Mary’s can be at the heart of this community. 

3 



## Vicar’s report 

_Renewal of our buildings:_ The Heart of Islington project continued with the interior works to the main church space, and the completion of the North Gardens project. The official opening of the North Gardens with the Bishop of Stepney, the Mayor of Islington and many of the contributors to the project was a real highlight. 

_Renewal of our structures:_ We began the journey of changing our structures as the PCC and Mary’s Trustees agreed together that at the end of Mary’s lease in 2023 the Pre-School, site management, bookings and play scheme will come back under the oversight of the church. I am confident that this will enable us as Church to build on the good work that Mary’s have done over the last 15 years, to grow the church in discipleship, evangelism and social action. 

When we returned to worship in church on Easter Day 2021 we started our tradition of singing a hymn outside. This started out as a safety measure but the Holy Spirit took this and turned it into an incredible weekly act of witness in the middle of Upper Street. As people heard us they saw the people of God worshipping and they encountered St Mary’s as a place where the Spirit is at work. 

As we worshipped I believe our hearts were also renewed again with love for our community and a desire to witness to the good news of Christ. As we journey on through this time of renewal may the Spirit continue to stir up that desire in our hearts, and may we be bold to faithfully follow where the Spirit leads. 

Rev. James Hughesdon 

Vicar 

4 



## Churchwardens’ report 

A range of refurbishments has taken place in the church interior this year which cumulatively have served to ‘lift’ its overall appearance: stonework has been cleaned, timber wall panels French polished, brass mesh panels in front of radiators repaired and cleaned, Octagon redecorated, internal doors repaired, loose and missing wall and ceiling tiles reinstated, and two radiators replaced. 

New kneelers at the communion rail and cushions on the pews have improved both comfort and appearance. Electrical work has improved safety and provided additional power points. 

All five external doors, including the three lower-level doors into the crypt, have been repaired and French polished. The missing antique brass ring handle on the main front door has been replaced with a bespoke replica. 

These improvements represent the near-final stage of the Heart of Islington project. They have been made possible thanks to grants from Cloudesley and the AllChurches Trust and to generous donations from members of the congregation. 

In addition, thanks to grants from Cloudesley and the London Community Energy Fund, the four large blacked-out windows in the organ loft have now been lined with thermal insulation. This project was part of the church’s case to achieve a Silver EcoChurch award. 




5 



## Our year in numbers 


One new vicar and family 


Two Bishop visits Three Islington Mayor visits 




1230 Facebook page visits 18541 Facebook page reaches 1700 views on YouTube, almost 100 hours of videos watched 


One Pentecost balloon arch 



**----- Start of picture text -----**<br>
750 candles burned<br>**----- End of picture text -----**<br>



Six weddings 

6 



## Our year in numbers 

Two bouncy castles + 1000 visitors + 2150 sandwiches eaten = one family fun day 




250 midweek groups hosted 850 celebratory drinks toasted 1500 slices of cake made and consumed 3250 hot drinks served 



One Christmas fair with over 1000 visitors 




194 on our electoral roll 

At least three stories covered in local medias 

The PCC met 12 times in 2021 

**144 public services in church and online with 6937 attendances** 

7 



## EcoChurch report 

Work to decrease our church’s carbon footprint and to improve its environment for biodiversity continued during the pandemic. Sally Hull, in particular, kept the Saturday morning gardening sessions going, so that the rose garden in the south-east corner of the churchyard now looks lovely both to humans and to insects. Re-creation of the North garden was completed and provides not only a meeting and resting place for humans, but a large variety of plants to attract wildlife, and bug houses on the Neighbourhood Centre wall. Inside the church the latest energy-saving measure was installed: insulation of the organ loft, to prevent freezing downdraughts in winter at the back of the church. 

In preparation for COP26, the international conference in Glasgow on climate change, we held a Climate Sunday in September. We also had two evening meetings, using in part a programme devised by Green Christian (which St Mary’s supports financially) that looks at the economic origins of climate change. Various small changes in how we do things meant that by the end of the year we were nearly ready to apply for a silver EcoChurch award. 




8 



## Deanery Synod report 

Two meetings were held on Zoom and one, in November, face-to-face. Some business was conducted – appointing charity trustees and governors to church schools in the deanery – and we said goodbye to the Area Dean, Paul Zaphiriou, who retired to Cornwall. 

There was more discussion of the diocesan Vision 2030, by which the hierarchs hope to increase the number of parishioners across the diocese. Although our synod has been flagging up the importance of doing more about climate change for over six years, the vision views it as only one of many issues of equal importance. 

Islington deanery will have to take a lead and show the rest of the diocese how much care for God’s creation churches can provide. 

## Treasurer’s report 

The church accounts for 2021 benefitted from the highly generous receipt of two significant gifts – a legacy of over 280,000 pounds and a gift of c. 50,000 given for the purpose of funding our youth ministry. Without these two exceptional items, our outturn shows an improvement v. 2020 of c.5% at Gross profit level. This is a very healthy result reflecting a holding up of voluntary income in what was, of course, another covid-impacted year. 

Church expenditure benefitted from the savings incurred by the youth minister vacancy – of 18,500 pounds v. Budget. Allowing for the two exceptional donations and youth ministry savings shows an underlying net operating loss of just over 2,300 pounds on an adjusted  gross profit of c. 287,000 pounds. 

The full financial report is available on request from the church office or by emailing imogen.erskine@stmaryislingotn.org 

9 



## Governance and structure 

Our Parochial Church Council Members 2021 The Revd James Hughesdon, chair from 31 January 2021 Interim Minister: The Revd Caroline Shuttleworth, until 4 July 2021 Churchwarden Mr Edward Adegbola Churchwarden Miss Rebecca Shilling Churchwarden Mrs Anthea Nicholson Deanery Synod Lay Representative Dr Sophie Castell Deanery Synod Lay Representative Dr Richard Nicholson Deanery Synod Lay Representative Mr Babatunde Awonusi PCC Member (elected) Mr Nick Sykes, Vice Chair PCC Member (elected) Dr Sally Hull, Electoral Roll Officer PCC Member (elected) Ms Angela Cannon, Assistant Electoral Roll Officer PCC Member (elected) Dr Patty Kostkova PCC Member (elected) Jules Cassidy PCC Member (elected) Ms Julia Abrey PCC Member (elected) Mrs Jennifer Obaseki PCC Member (elected) Mr David Vanden Bon PCC Member (elected) Mr John Gallagher PCC Member (co-opted) Mr Neville Walter, Treasurer, from November 2021 

Staff Team 2021 The Revd James Hughesdon, Vicar, from 31 January 2021 The Revd Caroline Shuttleworth, Interim Minister, until July 2021 Ian Mylam, Licensed Lay Minister Jakub Tomasek, part-time Music Worship Leader Imogen Erskine, part-time Office Manager Olu Omose, part-time Finance Officer from July 2021 

A very large number of volunteers support the work of the church and it’s not possible to list all of their roles in this report. Among them, significant leadership responsibility is undertaken by the Licensed Lay Minister, three churchwardens, Sacristan, treasurer, service leaders and preachers. 

10 





**St Mary Islington telephone: 020 7226 3400 Upper Street email: hello@stmaryislington.org London www.stmaryislington.org N1 2TX** 

**Registered charity name: Parochial Church Council of the Ecclesiastical Parish of St Mary, Islington** 

**Registered charity number: 1131900** 

12