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← The Parochial Church Council Of The Ecclesiastical Parish Of S. Mary The Virgin Tottenham

2024-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF St Mary the Virgin Tottenham

ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

INCORPORATING THE REVEREND E. W. F. N SMITH CHARITY

ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024

CONTENTS

CONTENTS
Trustees Report p.3
Charitable Aims & Purposes p.12
How we Operate p.13
Safeguarding p.14
Reference & Administrative Information p.15
Governance Structure & PCC Membership p.16
Our fnances
Trustee’s Responsibilities
Independent Auditor’s Report to the Parochial Church Council
Consolidated Statment of Fiancianal Activities		 p.20
p.20
p.21
p.22
Balance Sheet p.28
Statement of Assets & Liabilitiues p.29
Fund Movement by Type p.30
Notes to the Financial Statements p.31

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Trustees report

Welcome to this. the 143rd Annual Report of the Ecclesiastical Parish of St Mary the Virgin, Tottenham, and the first since the arrival of Fr Lee as our Parish Priest and Vicar. The process of being beneficed as a Vicar in a new parish is, at the best of times, a daunting one; honouring that which has happened in the past, whilst also looking to the future with fresh ideas and new momentum; but this seems to be all the more so here at St Mary’s because in many ways, Fr Lee is our first ‘new’ Vicar in over 30 years! Fr Lee’s two predecessors, Frs Miller and Morris, were at their appointment as Vicar, already known to us, both having served as Assistant Curates in the parish before their collation to the benefice. As a result, this year can be summed up as a year of change as we begin this new relationship between Priest and people as well as a new working relationship with St Philips, for whom Fr Lee continues to serve as Priest in Charge.

Our thanks must go to Fr Bill who has served this parish as Hon. Assistant Priest for over 12 years and provided sacramental and pastoral ministry during the interregnum. Fr Bill, has now decided, and deservedly so, to enjoy a period of time without the burden and responsibility of regular parochial commitments, and has settled in to his new home in Enfield. We are pleased however that he continues to support the churches here in Tottenham and his local ‘Fulham’ parish in Enfield where we are sure his skills and experience are greatly valued.

St Mary’s continues to be one of the biggest churches in the area, both in terms of Sunday worship attendance, and by commercial income. Our average Sunday attendance is 120. Whilst this is a very healthy number, those long term worshippers will note that this is a shadow of the attendance recorded from the early 2000’s. A number of factors need to be considered. Firstly Tottenham is not the same as it was even ten years ago. The census data for Tottenham Hale ward, in which our parish is located, has seen significant shifts in ethnicity and age groups over the last 20 years. The African and Caribbean community, which has been the backbone of our church for many years, has been steadily decreasing. Whilst those who identify as white non-British now make up the largest ethnic group in our community. This means that over 90% of our worshipping community come from only 27% of our parish’s population. If our worshipping community continues to reflect this then over time we can expect the base number to continue to decline. Secondly our parish is becoming older. In 2011 the median age for Tottenham Hale was 29 years. It is now 36 years. Those of you who work in the education sector will know these statistics only too well. The birth rate in Haringey, indeed in London generally, is decreasing. People are having fewer children and so the demand on school places is decreasing to the point where some schools are reducing the number of forms of entry and in

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some circumstances renationalising the school provision.

Knowing this data is important for us, as it helps us to plan what our next steps are and where we should be seeking, with the Holy Spirit, who to evangelise to and what our mission focus should be. This will be an important project for the PCC to embark on in the years ahead as we seek to be a Christian presence which is able to speak to and reflect the parochial community in which we are based and for which we serve.

But St Mary’s still has a lot to offer. Back in 2018 we were identified as a Resource Church; that is a church with people and assets which can enable the Church in London to grow, not just in our own parish, but by supporting parishes who are smaller and less well endowed to thrive. Resource Church can take on a number of guises. Often it involved a significant number, around 50, of the congregation to agree to move with a priest to a smaller parish, along with an injection of finances in the hope that can be a catalyst for that church to grow. Indeed that was the plan when Fr Lee became Priest in Charge of St Philips; some of you will remember him being here for six months back in 2018. We learnt a lot from that exercise, in that for catholic Anglicans, place and people are important. There was not the appetite to move from one church to another, even if that church was nearer to where some of us live. Rather than abandon the concept, we have began to explore how we can be a Resource Church to our neighbouring ‘Fulham’ parishes that share doctrine, liturgical practices, and look to the same Bishop of Fulham for episcopal oversight. This ‘new’ model, is actually very ancient. The Minster Model, pre-dates our own current parish system. In this model, St Mary’s would see itself as the Minster Church, or mother church. Her clergy, and resources would be used to support a number of smaller neighbouring churches, namely St Philips and All Hallows, by enabling the continuation of worship, and the delivery of pastoral care and mission activity. In return, we benefit from the charism and skills of the worshippers of that church to enhance our own mission. A good example of this has been in the field of music. We have benefited from Sergio, the director of music from St Philips, who has begun to train our own choir. We also have drawn on the team of cantors from St Philips to enhance our own Sunday and midweek Sung Masses. Again, we have been able to use the adult altar servers to supplement our own team of excellent servers so add greater solemnity to our worship. But this does come at a cost. Fr Lee is not only our Vicar but also the Priest in Charge of other churches, with the same responsibilites as here. This means we need to be comfortable sharing him. The formation of a Minster Team will be one of the main priorities for the PCC in the year ahead

Last years’ Annual Report, showed that we spent more than we received. Major works to the rood screen and wall paintings meant that our reserves were wiped out and our income from our commercial property, our stewardship

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and other fundraising activity did not meet our expenditure. As a result we had to reduce the amount we gave to the diocese by way of Common Fund. This year we have reviewed our financial practices, especially in relation to our commercial activity. We have reviewed the rents we levy on our residential properties, all of which have now been increased closer to market rates. This will, in the long term, help to alleviate the strain on our income and expenditure. However significant repairs were needed on the Mission House to bring it up to a let-able standard. This included a new boiler and a complete rewire. This means that we have not realised the financial gains in this reporting year. Likewise, the use of the church curtilege as a car park has not been updated for many years and we do not exploit the fact that we are very close to Tottenham Hostspur stadium where we could generate a significant income from event day car parking.

These issues has flagged up the need for the PCC to be more proactive in the governance of the charity. As a result, a number of sub committee have been created to spread the management of such a vast and complex parish. It is hoped that during the next reporting year we will see some of the improvements to our governance take effect and see our income streams from commercial activity improve.

We have continued to experience the generosity of our worshipping community, especially for one off projects and for targeted fundraising. The purchase of a new nativity crib is an example of how successful our targeted fundraising has been. We are thankful to everyone for their generosity and commitment to St Mary’s. This is very positive in terms of future plans; creating new toilets, improving our storage, and creating a new tea bar area at the back of church. We do however need to playfully consider our general stewardship giving to the general running of St Marys and the Good Shepherd. This year our givinging did not increase, which means in real terms that our giving decreased, as it did not keep up with inlfation. As a church, we rely too heavily on our assets and not from our own stewardship. As a result, our contribution to the Common Fund is far too low. A church with such a strong worshipping community and with the assets available should be seeking to contribute 100% of our Common Fund, whereas now we barely reach 40%.

Let’s not forget however our primary purpose, which is to proclaim the Good News of Jesus Christ. This reporting year has seen us start a number of discipleship courses. We have run an Alpha Course for adults after the Mass and lunch at the Good Shepherd. We also ran the Youth Alpha as a confirmation course for the Boys Brigade. These were both well received and it is hoped that the running of Alpha will be come a regular event three times a year.

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Fabric

It has been a quiet year fabric wise. The high winds which occurred in November 2024 caused the noticeboard near the church main entrance to fall. The noticeboard was rotted at the base of the legs and it was only a matter of time before it fell over, work on remedying this has yet to be started. The lock on the door in the south aisle needs a new screw fitted so it is more stable.

There has been a number of purchases this reporting period. A new nativity scene was purchased. New spring loaded wax candles were bought for the nave altar and the six for the high altar, which were purchased some time ago, have been brought into use. It is hoped that during the next reporting period, new altar cloths, made from linen rather than the existing polyester and new altar frontals for the High altar and Lady Chapel will be purchased, subject to budgeting and other projects. A new set of six candles and a tolling bell was purchased for the Good Shepherd. The bell is yet to be installed as a number of options are being considered as to automation.

Subject to approval from the Diocesan Advisory Committee, Heather Cerowski of Cerowski Architects Ltd has been appointed as the Quinquennial Inspector. This inspection is a few years overdue, and we await her inspection to identify future plans of work.

Safeguarding

In both St Marys and the Good Shepherd we continue to safeguard the health and well-being of our children, young people and vulnerable adults, enabling them to grow, develop and live free from abuse, harm and neglect. This year a number of safeguarding disclosures have been reported to our Safeguarding Officer. This highlights that as a church family we are vigilant in keeping the most vulnerable members of our church safe. All disclosures are ongoing and working with the relevant leaders to support the young people concerned.

The London Diocese has developed a Safeguarding Parish Dashboards, a data system which will hold our Policies and Action plan, Reviews and Reports e.g PCC/APCM reports, Training for key roles e.g. churchwardens /Safeguarding officer , Display information e.g. safeguarding poster, Safe recruitment and people management.

It is vital that we remain observant, steadfast, and uphold our safeguarding responsibilities. Our Safeguarding officer Luke, is here to support anyone with any concerns or simply to discuss his role. The PCC take this opportunity to thank Luke for his diligence and dedication to this crucial role.

If you are concerned that a child, young person or vulnerable adult has been harmed or maybe of risk of harm please speak to either myself, the Safeguarding Officer of a member of the PCC.

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Men’s Fellowship

The Men’s Fellowship continues to be a welcome addition to life of St Mary’s church with the ethos of uniting men with each other in faith and giving them an opportunity to come together and give back to wider church community and hopefully beyond. Looking at the 2030 Vision we aim to meet the ambitions in and around the church: Confident Discipleship, Grow Compassionate Communities and fulfil the priorities ensuring that as the Men’s Fellowship how do we grow younger and encourage the young men to stay and become part of the organisation and stay within the church body.

The Men’s Fellowship uniforms are seen more regularly but still work can be done to ensure that we are easily recognisable and are a visual signage of being a part of the Men’s Fellowship there are dates in the calendar for this and hopefully is a sign of things to come. Together with the Church leadership, the men have met and are exploring ways to support the life of the wider church community and are also looking to include the men in the other churches as part of the minster church. We recognise this will take time but are excited about the challenge.

Although last year has been a slightly unusual one with us coming through an interregnum and some church events not taking place during this year. Where it has been permitted we have continued to acknowledge and contribute towards established milestones within the church community. We continue to contribute and support with the work of the Sunday School with Christmas party and celebrations, Boys Brigade and the church as a whole. The Father’s Day BBQ didn’t take place last year, but the good news is that it will be back for Father’s Day 2025. The men have been encouraged to get involved in church events and helping where they can whether that be assisting in stewarding, reading in mass, assist in packing up after mass, cleaning etc.

Mothers’ Union

The Mothers’ Union remains committed to the work of the church. By God’s grace and guidance, we continue in our mission to support the Church, community, and each other, strengthening and preserving marriage and family life. Our branch of the Mothers’ Union forms part of the Edmonton area. Anyone (male or female) can join/become a member. You do not have to be a mother but you must be baptised.

Over the past 12 months we continued to play our part in the wider context. We were. Privileged to be able to join our Mother’s Union London Diocese annual festival service in St. Paul’s cathedral in June 2024, which was well attended “United in Prayer.”

Over this year the Mother’s Union has been reflecting on how we can better achieve the following three ambitions:

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1.Mission District

2.Local Mission

3.Changing Society

The meeting schedule continues to be the 1st Saturday of each month at, 9.30am for Corporate Communion Mass followed by our Mothers’ Union general meeting at 10.15am. We met 10 times this year. Our membership has increased and we aim to continue to support the work of the Men’s Fellowship, Boys Brigade and Girls Association and the Church as a whole.

We are happy to announce that Hannah Katakwe has been elected as the Edmonton Area Vice President which covers 14 Mothers’ Union branches in Edmonton. She will be commissioned in St. Paul’s Cathedral in June 2025

Kemble Club

After 33 years we have drawn the curtain on the Kemble Club. This monthly lunch has served thousands of meals to hundreds of local residents, often those who are in most need; the isolated and lonely on a Sunday. Originally the Kemble Club was a join project with other churches; four teams, each with four volunteers, who cooked and served a three course meal each week. Sadly, our volunteers are getting older and the demand for such ministry has declined, especially after COVID. Margaret and her team decided to pause running the club after their Christmas lunch in December 2024. I want to take this opportunity to thank Margaret and her team for their service to the community. I am really pleased that the Bishop of London has recognised this work by appointing her to the Order of St Mellitus.

The Good Shepherd Lunch Club

The fellowship at the Good Shepherd continues to be well attended by our members and fringe community. The Lunch Club continues to cater for around 20 people following the Tuesday Mass. This last year has also seen the addition of discipleship courses; firstly the Alpha Course but more recently other courses to help develop our understanding of the Christian faith.

Sunday School

The Combined Infant Sunday school (ISS) and Junior Sunday school (JSS) sessions provide children aged 4-11 years with spiritual learning at the appropriate level of understanding for their age range. This is achieved through activities, such as arts & crafts, role-play, games, reading, prayers and storytelling. Since combining ISS and JSS in 2020 things have gone very well and it is felt best to keep the two ages combined. The younger ones really look up to the older ones and the older ones enjoying supporting the younger ones. We have found the combined Sunday schools work really well, however our numbers have been slowly dropping and where we used to have a stable 12 we are now having a stable 6, which reinforces the pint

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about the change in age demographics for the area. In addition, a lot of our regular attenders are now in year 6, so will be leaving Sunday school in July this year. That would then only leave us with around 3 children per week. We have been thinking about how we can increase numbers, for September.

Our Sunday school teaching team has however grown and we now have 4 teachers with 3 support staff. This means that teachers only teach once a month and are able to be in Mass for the other 3 Sundays. It also means that the children are gaining being taught by different people with different styles of teaching.

Church Parade, which is a more child focused Sung Mass no happens about once a month. During these Masses there is no Sunday school and all children join with the rest of the worshipping community. The children have really been enjoying this. In addition the children are also invited to share what they have learnt in Sunday school at the end of Mass. The children enjoy to share what they have been learning proudly.

The Men’s Fellowship and the Mother’s Union continue to supported us to have parties for the Sunday School children at Christmas and at the end of the school year. This year they will also be purchases bibles for all of the children, especially so that the children leaving this year have their own Bible to support them on their spiritual journeys.

The Boys’ Brigade with Girls’ Association 133rd London (Haringey) Company

The Boys’ Brigade is a Christian uniformed youth organisation, we work with both boys and girls and have a varied programme with a structured badge system. Our volunteer staff numbers have improved and diminished at the same time. We have 17 leaders registered as of this year, however we have lost 2 leaders for on site capacity. That being David and Shannon both understandably leaving us due to distance being travelled. Both remain registered as leaders as David has been on hand to provide IT and technical support and Shannon has continued to plan the Company section evenings for us. As always the staff have done a great job creating and delivering a varied and engaging programme for the young people.

We have maintained a good number in Anchors (school years 1-3) but have seen a decrease in numbers from 25 down to 18 on the roll this year, this was due to numbers moving up to Junior section, ( 8 Tuesday / 10 Wednesday ), with a good level of regular attendance. Junior section has taken increased by 1 member, again with the older children moving up to company section and younger ones coming up from Anchors we move from 29 up to 30 ( 10 Tuesday / 20 Wednesday ). Company section (school years 7-10) have stayed steady in numbers moving down from 21 to 18 on the roll and attending regularly each week. And finally our Seniors (school years 11 up) have increased from 9 up to 12 young people on the roll, an increase of 3. Recruitment is, as always, still ongoing and we welcome any young people that would like to attend.

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Our annual firework display returned to light up the Tottenham skies last year and was a great success. Company camp and a Junior holiday were both run last year and had good attendance from both Juniors and Company and Seniors. Great fun was had by all who attended each event with lots of activities being run.

As mentioned earlier, the staff have pulled together and delivered some great sessions for the young. Not taking anything away from the staff, the new brigade resource packs have made these easier than ever for the staff to prepare and deliver at our meetings and developments with the Boys Brigades online management system have also helped us save some administration time.

Our annual awards evening was as usual a great event. Again, due to the size of the company now, we moved this into the church. I was privileged to be the inspecting officer. It was a superb first taster as to what our Boys Brigade family is all about. The theme of the presentation was set around books and the young people entertained us all with a number of good performances. As normal a mammoth number of badges were presented.

The company has continued to try to encourage our young people to support S Mary’s. A good number of young people have continued to serve and our Sunday School is regularly attended by many others. We have seen some reasonable attendances at Church parades, which we hope to build on. If you know of any young people from school years 1 upwards please be in touch. We welcome everyone. Its just £17 a term for Anchors & Juniors and £20 a term for Company and Seniors, this includes all normal parade activities, competitions and badges. Extra activities including camps and trips come at extra cost.

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In bringing this Trustees’ Report to a close, we would like to thank for each and every member for their contribution to the life of St Marys and the Good Shepherd. This is an exciting time in the life of St Marys. We look forward to Fr Lee, Eileen, the children moving into the Vicarage, and setting up home here. This move, which has taken 15 months will also facilitate Fr Andrew Bailey to join us as our Associate Vicar, a permenant posting, in June. He will be move to St Philip’s Vicarage in Philip Lane. Having two full time clergy is just the beginning of the formation of a Minster Team, and we will look forward to John Laverick joining us as Assistant Curate in the summer of 2025 too.

The Reverend Lee Clark Parish Priest & Vicar For and on behalf of the Parochaial Church Council

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Charitable Aims & Purposes

Our charitable purpose is the promotion within the parish of the whole mission of the Church. This includes specifically: advancing the Christian faith, promoting education, relieving poverty, and improving the well-being of the community.

During 2024 the PCC, in accordance with its Fundamental Policies, has:

The charitable purpose of the Reverend E. W. F. N Smith Charity is for the periodical renovation of the wall painting of the Church of St Mary the virgin Tottenham.

During this reporting period, there has been no activity save for interest and dividend payments.

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How we Operate

The Parochial Church Council (PCC) is a body corporate and a registered charity (no 1132145), incorporating the Reverend E. W. F. N Smith charity (no 257953). Its primary function, in accordance with the PCC (Powers) Measure 1956, and the Synodical Government Measure 1969, is the cooperating with the Vicar, the Reverend Lee Clark, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. The PCC is also specifically responsible for the maintenance of the Church of St Mary the Virgin, Tottenham.

It has overall responsibility for the financial affairs of the Church and for the care, maintenance, preservation and insurance of the fabric of the church and of its goods and ornaments. It has power to frame a budget, raise, collect and allocate moneys, and to employ staff.

The Parochial Church Council (Board of Trustees)

The structure, governance and management of the parish is determined by the rules of the Church of England; the Church Representation Rules 2017. This sets out the membership of the PCC. The PCC has 21 members:

The Vicar

15 elected members of the laity

Churchwardens are elected annually and serve a maximum of six terms. Deanery Synod members are elected to serve a three-year term Elected members of the Laity also serve three-year terms

We give an induction for all new PCC members. All Members take part in training and development opportunities throughout the year, including:

Membership is subject completing the relevant declaration as required by the Church Representation Rules.

The PCC has seven Sub Committees which report to it and delegates certain functions to them (Mission & Growth, Finance, People & Remuneration, Fabric, Commercial, Social & Fundraising, and The Good Shepherd). PCC members were asked to join the relevant Sub Committees along with other members of the congregation.

The PCC met 4 times formally during this period.

Risk Management

The PCC is responsible for identifying, assessing and managing the risks

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of the ecclesiastical parish. The PCC and its sub committees operate a comprehensive risk management process to make sure that appropriate steps are taken to manage and mitigate governance, external, operational Including safety and safeguarding, legal/regulatory, data and financial risks. The running of an ecclesiastical parish requires risk identification and its reasonable mitigation, to make sure our charitable objectives are achieved. The process involves the identification and grouping of the risks that the Parish faces, both directly and indirectly, and through the activities of the Church more generally. It includes evaluating the risks in terms of their potential impact and likelihood to occur, as well as considering the PCC’s appetite for those risks, and identifying means whereby they can be mitigated and managed.

Ultimately the PCC is accountable for overseeing risk management at the Association. During the year the PCC and sub committees took part in risk horizon scanning sessions to identify any emerging risks as well as record those risks which are live. This is now a planned annual process to ensure that any significant risks are allocated to the appropriate sub committee by the PCC.

Responsibility for risk management is assigned to the Vicar and Churchwardens, and through the chairs of the various Sub Committees.

The safety and safeguarding of young people and vulnerable adults involved in the life of the Church are our highest priorities. Other risks to the Parish include:

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

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Reference & Administrative Information

St Mary the Virgin, Tottenham, London. It is part of the Diocese of London within the Church of England, under the oversight of the Bishop of Fulham.

The Correspondence address is:

The Vicarage Lansdowne Road Tottenham N17 9XE

Bankers:

Barclays Bank

Charitable Status:

The Parochial Church Council (PCC) is a charity registerd with the Charity Commission in England & Wales no 1132145. It also incorporates the Reverend E. W. F. N. Smith Charity, a charity registered with the Charity Commission in England & Wales no 257953

Independent Examiner:

Malcolm F Tegg

Insurance Provider:

Ecclesiastical Insurance Group Beaufort House Brunswick Roadz Gloucester GL1 1JZ

Architect:

Cutts Brothers (Principal Architect in 1896)

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Governance Structure & PCC Membership

Founder

Malbrough College: in 1882 as the Malborough College Mission

Patron

The Bishop of London

The Parochial Church Council (Trustees)

The percentages indicate the number of eligible Board meetings each member attended. PCC members are asked to join one of the respective Sub Committees, the following numbers correspond to those committees.

  1. Mission & Growth

  2. Finance

  3. People & Renumeration

  4. Fabric

  5. Commercial

  6. Social & Fundraising,

  7. The Good Shepherd

The Board met 4 times formally within the reportable period.

Members who have served for this reporting period are:

Ex Officio Members

The Rev. Lee Clark*, Vicar & Chairman (100%)

Angela Robinson, Churchwarden (100%) 2, 3 Richard Smith, Church warden (100%) 4

Scott Geary, Deanery Synod until 2026 (50%) Florence Nwankwo, Deanery Synod until 2026 (0%) Cynthia Safro-Mensah, Deanery Synod until 2026 (75%)

Elected Members

Mary Allen elected until 2027 (100%) 3 Hannah Katakwe elected until 2026 (100%) 2 Nathan Cato, Lay Vice Chair elected until 2027 (75%) Jone Forrester, Electoral Roll Officer elected until 2027 (75%) 6 Otis Foster elected until 2027 (50%) 5, 6 Simonie Johnson elected until 2026 (50%) Beth Jones elected until 2025 (50%) Benjamin Nwankwo elected until 2026 (100%) Gloria Omotoso elected until 2025 (100%) 6 Victoria Pedro-Decker elected until 2027 (50%) Annie Popoola elected until 2025 (25%) 5, 6 Beverley Wauchope elected until 2026 (100%)

Kelly-Marie Eagan, Causal vacancy for one year from 17/11/24, (50%) 2, 5

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The Late Lynne Atherley was elected and served until her death in August 2024.

Lyn Phillips was elected, however she is disqualified due to serving on the PCC of the Parish of St Philip the Apostle, Tottenham.

Non-voting members of the PCC:

Joanne Ryder, Parish Administrator & PCC Secretary & Treasurer

Finances

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, Church Accounting Regulations 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019.

As set out in the statement of financial activities, the PCC ended the year with a surplus of £43,096.07 of income over expenditure, which is a significant improvement from the £6951.63 deficit of expenditure over income the year before. A major contributory factor was the income from back rent from Malborough Hall.

In terms of changes in the church’s earnings compared to the previous year, income from:

Whilst these figures look impressive, a note of caution is needed. The jump in income from rentals is a one off and recognises the back rent owed by the Probation Service for Malborough Hall. Income from rentals, whilst remaining at or near market rates, will drop next year as this figure settles into a regular pattern.

Our general giving, that is giving from parishioners by way of the weekly collection, Stewardship or standing order has remained static. This means in real terms, our general giving has gone down as our giving has not kept up with inflation. As a parish we need to do more work on our own stewardship and rely less on our commercial activities for income

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In terms expenditure, the major difference from the previous year was £23,645.32 that was spent on the Mission House by way of a new boiler and electrical rewire so as to bring it up to a let-able standard. The PCC are aware that a more robust programme of maintenance review is needed to reduce future occurrences of large expenditure.

Our expenditure, in terms of Common Fund contribution, remains low. This year we gave £48,972 to the diocese, which is just under 50% of the ask from the diocese. The PCC will need to consider increasing our contribution to the diocese, in light from these positive financial returns.

Reserves policy

The PCC aim to maintain a reserve fund sufficient to produce, on average an income roughly commensurate with the annual running costs of the charity. This also enables any extraordinary and urgent needs to be met.

Our reserves were however completely depleted as a result of works carried out to the rood screen 2023, and the PCC are currently exploring how to recover a reserve policy within the provisions of this scheme.

Investment policy

Funds held for the short term are invested in the General Account, with Barcalays Bank. Our long term funds are invested in the COIF Charities Investment Fund.

Going concern

Having assessed the Charities’ financial circumstances the trustees have a reasonable expectation that the charity has adequate resources to continue its operations for the foreseeable future.

Fundraising

All fundraising activities have been coordinated from the Parish Office. We have sought to raise funds through the introduction of the Parish Stewardship scheme, the continuing of the envelope scheme and by launching appeals for specific purposes.

We have been working to move those who give by standing order over to the Parish Giving Scheme as this is an easier and more efficient system which not only administers Gift Aid, but also allows the giver to increase their giving yearly with inflation.

During the year, the church did not receive any complaints about its fundraising activities and practices.

Remuneration policy

The PCC consider that the Vicar, other licensed clergy, and Churchwardens comprise the key management personnel of the Charity.

All PCC members give their time freely, and no PCC member received remuneration in the year. The Vicar (who is also a Trustee and chairman of

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the PCC) is receives a stipend from the London Diocesan Board of Finance for the exercising of his Ministerial duties only.

Details of Trustees’ expenses and related party transactions are disclosed in the financial statements.

The remuneration of our employees is reviewed annually by the People & Remuneration sub committee, considering market conditions, cost of living increases and the financial position of the organisation. The salaries of our staff are benchmarked to make sure they’re commensurate with the size of the roles.

Our staff are entitled to employer pension contributions, and other benefits that are available to employees generally.

The remuneration benchmark is the mid-point of the range paid for similar roles, although a market rate supplement may also be paid where appropriate. Other performance related pay, such as bonuses are considered by the PCC and awarded where appropriate.

On behalf of the PCC (Treasurer)

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Trustees' responsibilities

The PCC take on several vitally important roles. They’re responsible for preparing our Annual Report and overseeing our financial statements in accordance with the Charities Act 2011 and United Kingdom Generally Accepted Accounting Practice.

The PCC make sure our financial statements give a true and fair view of the status of the charity. They also monitor incoming resources and the application of the Church’s resources for the year.

In preparing these financial statements, the PCC as Trustees must:

The PCC are responsible for keeping adequate accounting records that show and explain the Parish’s transactions. With reasonable accuracy, these records must disclose the charity’s financial position at any time. They must also help our Trustees make sure our financial statements comply with any applicable charity laws, particularly the Charities Act 2011.

The PCC are also responsible for safeguarding the Parish’s assets and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial statements for St Marys, Tottenham are published, in accordance with legislation governing the preparation and dissemination of financial statements in the United Kingdom. This may vary from legislation in other jurisdictions.

Our controls include

Trustees believe these internal controls are adequate in providing reasonable assurance against material misstatement or loss.

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Report of the Independent Examiner to the Parochial Church Council of St Mary the Virgtn, Tottenham I report on the Parochial Church Council's accounts for the Parish of St Mary the Virgin, Tottei-diam for the year ended December 31st 2024 as in the Annual Report of St Mary's, Lansdowne Road and Good Shepherd, Mitcliley Road Respective responsibilities of PCC and the Examiner As members of the PCC you are responsible for the preparation of the accounts. you consider that the audit requirement of Church Accounting Regulations and Sec 144 {2) of the Charities Act 2011 (tlw 2011 Acf) do not apply. It is my responsibility to: examine the accounts under the Church Accounting Regulations and Sec 145 of the 2011 Act foIlow the procedures laid down in the general directions of the Charity Commission under Sec 145(5)(b) of the 2011 Act state whether particular matters have come to my attention Basis of the Independent Examine<s Report My examination was carried out in accordance with the General Directions given by the Charity Commission and as found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the Parish Office and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the account5 and seeking explanations Erom you as trustees concerning any such matters. The procedures uiidertaken do iiot provide all the evidence that would be required in the couise of an audit and consequently, no opinion is given as to whether the accounts present a 'tYue andfair Ipiei{I', the report is limited to those matters set out in the statement below. Independent Exarninegs Statement In connection with my examination, no matter has come to my attention which gives reasonable cause to believe that in any material respect the requirements [a] to keep accounting records in accordance with Sec 130 of the 2011 Act, and [b] to prepare accounts in accordance with the accounting records and which comply with the reqiiirements of the Act and tlie Regulations have not been met, or to which in my opinion, attentio shoulLI be in order to enable a proper understanding of the accounts to be r ched. ednesday, 07 May 2025 alcolm F Tegg Chartered The Old Gun House, Sedlescombe, Ba cco st Sussex, TN3.3 0(J

Consolidated statement of financial activities For the year ended 31 December 2024

~~PoPo~~ ~~PoPo~~ ~~PoPo~~ ~~PoPo~~ ~~PoPo~~
£2,772.20 £2,772.20
£2,772.20 £2,772.20
~~PoPo~~
£1,596.00 £1,596.00
£1,596.00 £1,596.00
~~PoPo~~
£4,550.00 £4,550.00
£4,550.00 £4,550.00
~~foPo~~
£276.69 £276.69
£276.69 £276.69
~~IPo~~
£1,491.20 £1,491.20
~~I~~ ~~Po~~

23

~~|~~

~~ee~~

~~eS~~ | ~~fo £300.00 Total Cost ofgenerating funds ——| £300.00 Po £300.00 fi (£300.00) Foi £300.00 | ss Fs~~

~~es~~ |

24

~~Po~~ ~~Po~~ ~~Po~~ ~~Po~~ ~~£12,228.32~~
~~Total Other~~ ~~Other voluntary receipts ~~
~~Po~~
~~ee ~~
~~Total Church Running Expenses~~ ~~£800.12}, = ~~
~~£800.12——=~~
~~£800.12;		 ~~
~~=~~
~~—
(£800.12) £14,648.32
(£43,454.78) (£61,828.10)
Carried forward balance ~~Po~~
(£44,254.90)		 ~~£3,725.00~~
(£43,454.78)
~~ES ~~
~~es~~

25

|~~General-Generalfund (Unrestricted)~~
~~||~~
~~Receipts~~
~~_Plannedgiving~~| |---| |~~_0111-GiftAidEnvelopesGS~~
~~|~~
~~985.97)~~
~~0202-OtherplannedGivinges~~
~~|~~
~~tO]~~| |~~a~~
~~_Collectionsandothergiving~~
~~|~~| || || |~~a~~
~~Othervoluntaryreceipts~~
~~|~~| |~~0412 - Giving through Candle/lamp S.Mary's~~
~~|~~
~~£4,022.50]~~
~~__0414-Givingforchurchflowers~~
~~|~~
~~10.00]~~
~~__0551-Donations appealsetcGood Shepherd~~
~~|~~
~~£872.37)~~
~~=~~
~~one-offgrants~~
~~|~~
~~|~~
~~£800.00~~| |~~___08A1-Non-recurring~~
~~one-offgrants~~
~~|~~
~~|~~
~~£800.00~~|

|~~a~~
~~_GiftAidrecovered~~
~~_0601-TaxrecoverableonGiftAid~~
~~|~~
~~5873.87~~
~~Tota~~
~~Gift Aidrecovered|~~
~~|~~
~~5,373.87~~
~~a~~
~~_Otherreceipts~~
~~__1310-Insuranceclaims~~
~~|~~
~~186.46 |~~| |---| || |~~a~~
~~Activities forgeneratingfunds~~
~~|~~
~~____1220-Parisheventsincsummerfete~~
~~|~~
~~|~~
~~£40.00~~|

26

~~De | _InvestmentIncome~~

~~DO | Receipts from church activities aD De |[Payments] | Costofgeneratingfunds | __-1720-Costs of stewardship campaign | £12852] | |[_—-1730-Costsoffetes&otherevents] | £1 |aParishShare G eG | ClergyandStaffingcosts~~

~~| 2055 OrganistGood | —2056-CantorstMary’s~~

27

----- Start of picture text -----
|||||| |---|---|---|---|---| |a| |||Church|RunningExpenses| ||CSB]2172-Photocopier| |||[_—-2300-RenttoLDFforparishoffice]|||A9.OT||||

----- End of picture text -----

~~|[—-2325-GSOrganTuning&upkeep] | £125.00| |~~

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||[—-2342-RefreshmentsStMary's]|||1273.28)| || __2344-|Church|Supplies|(candles/incense/hosts)|||£4,987.19|||| |Sacristy-Books/Altarlinens/Newca| |||||-2_2|34|67--|GSSacristy-Books/|Altar|Linens/New|Candles|||£3,837.66|| |OR| |||2348-Advertising|||£594.43)||| ||2420-Churchrunning-water||TOS|| |a| |||HallRunningCosts|

----- End of picture text -----

~~pf | HallRepairs&Maintenance FP pf~~ 28

~~| total Fixedassets || £7,246,331.00| £7, 166,898.00 | I [Currentassets ||~~

~~| Total currentassets es fliabilities | | totaltiabilities es | Net Asset ne Reserves | | Excess~~

~~| if totalReserves | £7,316,584.30| ——£7,194,055.23 | es ns | Representedbyfunds || |pfUnrestricted737,503.90]£7,214,778.78 po esignated | £4 735.16 | 4,735.16 | Po Restricted | 25,654.76) | (25,458.71) | Pftotalndowment 7, 8:16,584.30] £7, 194,055.23 |~~

~~| GovernanceCosts I a~~ Sheet ~~Class and code Description This year Last year [Fixedassets |~~

29

ets & Liabilities

30

Fund Movement by Type

31

~~| ___ eel fercene | €7,214,778.78 |eatseS—ee=| Heras = a 0 0 0 0~~

Analysis of Receipts and Payments

32

33

34

35

36

133rd London {Harlngey) Boyg Brlgade & Glrls, Assoclatlon. Year End 31.8.2024 1.9.202> 31.8.2024 1.1.202> 31.8.2023 Income Awards Canteen 22.IXI 240.43 633.31 Donations 610.14 288.77 Events Events- Anchors Events - Cornpany Events- Juniors Fundraising Grants Jack Petche Membership Fees Trainin Uniform Expense Administration Awards 10.00 210.(K) 5,693.97 1.060. 5(K).(K) 1.891.(Kl 2.168.00 1,830.47 S(Kl.IX) 3CM).IX) 1,636.25 73.25 3.765.50 888.41 169.95 171.76 138.91 705.20 744.76 Canteen Equipment Events Events- Anchors Events - Company Events- Juniors 4CKJ.51 367.IX) 243.86 367.90 271.17 80.81 291.68 5.924.63 1,116.75 24.LKI 3,986.94 3,074.47 Events Joint Corn Jack Petchey Meeting Joint company & senior Meetin 5 - Anchors Meetings- Juniors Meetin85- Seniors Mernbershi Costs an & Seniors 31J).IXI 61.90 70.(K) 54.69 143.03 64.37 132.32 45.76 2.003.LK) Misc Sum up/Go cardless Fee Training Uniform Account balances Lloyds Cash 52.50 84.13 75.(K) 5.42 25.00 886.95 263.55 6,283.98 575.42 6.284.72 269.95 Summary Account balance brought forward Total Income Total expenditure Net Income 6.554.67 12,861.33 12.556.f•O 304.73 6,54S.92 9,630.12 9.621.37 8.75 Account balance carrfed forward 6,859.40 6.554.67 Year end was change to run in line with the BB & GA year. 2023 is only part of the year as we only started using in January 2023. 37

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