2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity Eltham

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REPORT ON THE ACTIVITIES OF THE PCC FOR 2020

The PCC met four times during 2020. The January and September meetings were in person; June and November were on Zoom.

PCC Membership

Fr Brett Ward Parish Priest Fr Daniel Wyman Assistant Curate from July 2020 Mrs Wendy Buxton Churchwarden Mr Daniel Njenje Churchwarden Mr Simon Capey Treasurer Mrs Christine Smith Secretary

Ms Madelaine Fielden Deanery Synod from APCM 2020 Mrs June Knowles Deanery & Diocesan Synod Mrs Shirley Williams Deanery Synod until APCM 2020 Mrs Karen Wood Deanery Synod

Mr Paul Betts

Mrs Jacqueline ClarkMinutes Secretary Mr Christopher Lindsey from APCM 2020 Miss Dorothy Martin from APCM 2020 Miss Martha Parkhurst Ms Janice Shepherd until APCM 2020 Mrs Christine Spence from APCM 2020 Miss Dee Stoten Mrs Angela Turner from APCM 2020

Review of the Year

For the first three months of 2020, Fr Brett was on sabbatical and we are enormously grateful to the priests of the Deanery, along with Fr John-Francis Friendship and Southwark Cathedral for helping ensure the pattern of Sunday and Wednesday Eucharistic worship was able to continue during that time. The

churchwardens took on numerous extra responsibilities, not least in terms of fielding telephone calls and emails, during his absence. Their work was invaluable in helping things carry on as normal, and was not without its burdens. Only the final two weeks of the sabbatical needed to be cut, which considering everything that went on in 2020 was remarkable. Nothing else that happened in 2020 was unaffected by the Covid-19 pandemic. The beginning of a national lockdown in March and the ban, not only on gathering in church for worship, but even on priests entering church, shaped our life together for some months, with effects which continue.

The congregation responded positively to the question about the live-streaming of the Eucharist on Sundays, and as a result Fr Brett learned numerous new technological skills, and created an oratory in the Vicarage dining room. From here, our Sunday Eucharist was streamed until it was finally permitted for priests to re-enter church to stream from there. Holy Week and Easter were dramatically different from normal, but were still observed. Initially solo, and slowly with permission granted to some assistants, this pattern continued until congregational worship was allowed again in July. It was also good that the use of Zoom enabled members of the congregation to “gather” after the Eucharist during the lockdowns and to enjoy some socializing in place of what would normally have happened in the church hall.

The live-streaming of the Parish Eucharist continued when churches re-opened, and this looks to become, if not permanent, then at least a long-term part of our offering. Initially on Twitter until this became technically unreliable, we moved to streaming on Facebook Live, which was much more successful and usually provided a surprisingly good quality. Occasional technical problems notwithstanding, live-streaming has proved a very positive thing, enabling those who are shielding or unwell to continue to feel connected; at the same time it also seems to have attracted a much more scattered following of virtual worshippers.

Changes to Christmass worship were also necessary. The Children’s Nativity and Christingle was offered as an online only pre-recorded Nativity worship. Lessons and Carols and Midnight

Mass were open to pre-booked (free) ticket holders, and Christmass morning was open to all. This pattern worked well, and the mix of worship with both live and recorded music was valued by all who joined in both in person and online.

Staff and administration

Beyond the pandemic, but also affected by it, was the arrival of Daniel Wyman from the College of the Resurrection, Mirfield as our assistant curate in the summer. With ordinations postponed, he joined us at Petertide as a licensed lay assistant, and began pastoral ministry and visiting as lockdown conditions eased and made being in other people’s gardens and homes possible. He was ordained to the diaconate in September at a socially-distanced ordination liturgy at our Cathedral. Fr Dan’s contribution to parish life and worship has already begun to make its mark, not only with his contribution as a gifted singer, but in the pastoral work he undertakes.

Alan Wilson’s ministry as Director of Music continued throughout the two lockdowns of 2020, and the other periods between and around these. We are immensely grateful to Alan for the creative way he has enabled us to continue to enjoy exceptional music and for the unimaginably countless additional hours he has put into the work of making music as good as it possibly can be, in a mix of pre-recorded and live offerings. Holy Trinity is almost certainly in a small minority of parishes to have been able to offer lockdown worship with high quality music. It has made an immense difference to our ability to engage with the Eucharist and to feel some sense of familiarity in the midst of a bizarre season.

During 2020 we also welcomed Annie Wanjohi to the parish. Annie, who lived in the studio flat and worked as our verger over ten years ago, is now studying for the priesthood at St Augustine’s College, and is with us on placement for the two years of her training. One of the sadnesses of lockdown was that we had no opportunity to say our farewells to Bisi AkanoAdesoye, whose time as our placement ordinand concluded in the summer. But we extended our love and prayers to her as she was ordained at the same time as Fr Daniel, and began her curacy in the Thamesmead Team.

Study and Spirituality

The only provision that was able to continue in 2020 was Wellspring, which met via Zoom, and has continued to offer space for prayer, reflection and silence.

Mission and Community

It was decided not to extend our contract with Greenwich Citizens when the period ended in March. This trial, which was entered in partnership with St Luke’s Eltham Park, concluded, but our decision was to continue to seek ways of engaging with the wider community, as much as possible in conjunction with St Luke’s.

All work in schools was cancelled during the pandemic, so the usual provision of assemblies and seasonal worship in church did not take place.

The Greenwich Winter Night Shelter was supported, as in previous years, by a diverse and sizeable team from our congregation at the beginning of the year. However, Covid meant that alternative arrangements needed to be made for the winter of 2020/21, and the night shelters did not re-start at the end of the year. The Foodbank, based on the Avery Hill estate, continued to receive our support, although this was through direct cash donations during the year and a generous collection (over £500) in lieu of produce at Harvest Festival. The demands on the Foodbank have only increased, so that assistance remains an essential provision in our community.

The Area Dean took pastoral responsibility for funerals in the parish during Fr Brett’s sabbatical. Despite the health crisis of the year, the number of funerals conducted during the rest of 2020 numbered 14. No marriages were celebrated, and 5 children were baptized.

PCC Business

More grant applications were made for the lighting scheme. Unfortunately, none of these was successful. We had, however, reached the point where doing nothing about the lighting was no longer a responsible option. With c. £30,000 generously donated and fund-raised so far, the PCC made the decision to explore a pared-down lighting design and to withdraw money

from a reserve account. By reducing the cost of the scheme from c. £95,000 to £60,000, this was possible. The lighting designers and our appointed architect were extremely helpful, and the Diocesan Advisory Committee and Chancellor thoroughly supportive; this meant we did not need to recommence the whole faculty process. By the end of the year we were able to proceed with a firm booking for the works, which were due to begin early in 2021.

The PCC continues to aspire to being financially self-supporting and to paying the costs of having a full-time incumbent. (As Fr Daniel is in training, his stipend and pension costs are paid by the Church Commissioners.) In 2020, this aspiration had to be balanced against the reality that our income had suffered several major blows, not least as a result of Covid-19 and the loss of hall rental income, plus the loss in 2019 of the before and after-school club. The savings we were making and the cuts made to expenditure helped but did not negate the reduction in income. The decision was made therefore that we reluctantly could not increase our pledge for 2021, but we were unwilling to reduce it, and so pledged to keep the figure at £75,600, which would involve using our reserves. Reserves are, of course, “rainy day” money, and the present crisis clearly fits that category. It felt irresponsible, ungenerous and selfish to make other parishes pick up our slack when we had some resources we could use to contribute ourselves.

Again, because of the issues around the pandemic and the reduced numbers of people able to come to worship, our annual stewardship review was not held, although the PCC remains aware that this will need to happen in 2021 if we are to look ahead with vision rather than pessimism.

The Diocese has similarly been struggling with finances, and during the year approached Fr Brett about the rental income from the two Vicarage flats, and the parish’s provision of 59a rent-free to a curate. An examination of the circumstances around the legal position with the flats was provided, following research through paperwork and correspondence from the late 1980s. The situation can be summarized:

1867 the land grant was made with a reverter clause that should the property not be used for Church purposes all would revert to the Crown.
1976 the status of the flats was unchanged when other property changes were made.
1998/99 There was extended correspondence between Fr Mike Harrison and the Diocese resulting in the agreement that the incumbent was the Landlord and income would go to the Landlord/ Parish. Internal repairs of the flats are the responsibility of the Parish and the Diocese has a statutory duty to maintain the external structure.
59A was available for housing a Curate without contribution to the Diocese.
Archives, and copies of letters and paperwork are filed in the Vicarage.

In Memoriam

During 2020 we commended some present and former parishioners to resurrection life: Rebecca Spinks, Polly Hay, Dorothy Puttick, Susan Pardoe and Nicholas Towey. May God grant each of them the light and peace he promises in Christ’s resurrection.

UNAUDITED ANNUAL REPORTS AND FINANCIAL STATEMV.NTS OF THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY EILTHAM FOR THE YE4AR TO 31 DECEMBER 2020

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 DECEMBER2020 Notes Unre5tt'i¢ted Restricted Funds unds Custodian Trustecs Total 2020 Total 2019 INC()MINC. RCISOURCIS VoliiKlaiy Rec£ipis Planncd Giviiig Collections and other Giving Incoine tax Tecovered 47,602 6,622 12.628 47.602 8,699 12,628 49.736 34.681 16,228 4a 2,077 66,852 215 2,077 68,929 215 100,645 1,271 Activities foi. generating funds Receipts froin Church Activitics Inve.stment incoime Other in¢oine 4b 4c 5.262 2,604 7,866 26,377 4d 4e 12,114 130 7,336 19,450 130 25,767 1,050 84,573 4,681 7,336 96,590 155,110 RF,SOURCF,s fi.XPEI NDED G1711Fc17 aclivilie5 Diocesan pai'ish share Church Activities rundrai5ing GoveTnance Costs 75,600 26,499 1,930 7,227 75,600 36,269 1,930 7,227 72,000 42,258 500 7,081 9,770 5b 111,256 9,770 121,026 121,839 Excess of Receipts over PxymeiJt5 (26,683) {5,089) 7,336 124,436) 33,271 Gains and Losses on Iiivestinent Assets Trai)sfer between fuiids 16,019 16,019 36,586 (26,683) (5,089) 23,355 (8,417) 69,857 Funds blfwd at 01.01.2020 46,985 33,931 311,430 392,346 322,489 Funds clfwd at 31.12.2020 £20,302 £28.842 £334,785 £383.929 £392,346 P8ge2 of 11

PAROCHIAL CHURCH COUNCIL OV HOLY TRINITY ELTHAM BALAN'CE SHEET AS AT 31 DECEMBER 2020 Note5 Unrestricted Resti'ieted Custodian Funds Funds Trustees Total 2020 Total 2019 FixedAsseis Tangible Assets Investinents 247,997 247,997 231,979 247,997 247.997 231.979 Ciiij'eni Assels Debtors Casli at Bank 12,628 12,906 12,628 14¥,089 16,739 169.221 48,395 86,788 25,534 48,395 86,788 160.717 185,960 Cupj-eppi LFabililies Creditors.. amounts falling due within one year 10 5,232 19,553 24,785 25.593 5232 19,553 24,785 25,593 Ngi CEIF'Fent Assels 20,302 28,842 86,788 135,932 160,369 Nei AssEIs £20,302 £28.842 £334,785 £383,929 £392.346 RepiÉ.%gKied bjp: Unrestricted Funds Desi&Fnated FuNd5 Restricted Fund Custodian I'rustees {7.1,487) 91,789 {71.487) (34,443) 91.789 81,428 28,842 33,931 334,785 311,430 28.842 334.785 £20,302 £28,842 £334,785 £383,929 £392.346 AppToved by the PCC o and 5ig?ned on Iheii. behalf by.. Chaii'_ fatliej. BTelt E Wai'd Churcliwayde eiidy Buxton Page3ofll

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 ACCOUNTING POLICIES Basis of Pi'ep#ration of Financial Statements The financial statejnents have been pi'epdred iiiidei. the Chuirh Accouiiting Regiilatioiis 2006 in aLcordan¢¢ with applicable ac¢oui)tiiig standards and the Cui'rent Stateinent of Re¢oinJneiided Practice, Ac¢ouiitiiikJ and Reporting by Chai'ities and applicable accounting staiidai'd FRSIO2. Tlie fiiian¢ial stateinents have been pi'epaied under the historical cost convention except for investineiit assets, which are shown at Inarket value. The financiol stateinents include all ti'aiisactions, assets ai)d liabilities for which the PCC is iesponsible in law. Ineoming Resources Volunlary Incoine includiiig, donations, gifts, legacies aiid antS that provide core funding or ai¢ of geiieral nature are recognised where rhere is entiileinent, ceilainty of receipt and the ainounl can be Ineasured wilh sufficient reliability. Tax refunds ale recogniseLI wheii the incoining resource to which they I'elate is i'eceived. All incoming resources are accounted for gl'oss. Rtsoui'ees Expcnded Resoui'ces expended are included in the Slaieinent of Financial Activities on an accruals basis, inclusive ofvalue added tax, which cannot be iEcovered. Unrestrieted Funds Thege aTe geneTal funds which can be used for PCC ordinai'y activities. Restricted Funds These Ji¢ doi)atioiis oi. grants that are Teceived for a specific purp(>se. The funds inay only be expended on the specifsc purpose for which tliey were giveji. Any balance that remains unspent at the yedr end must b¢ carried forward as a balai)ce on that fund. Fixed Assets ConseLI'ated dnd benefice property is not included in the accounls undei. the Charities Act 2011. TanL)ible Fixed Assets are stated at COSI Ol. Vdluatiun, less deprecialioii. Iiidividual ileins of equipineiit witli a cost oi. valuatlOi1 of less tlian 00 are written ofywlien tlie asset is acquir¢d Tliese assets air depreciated on a straiglit-lii)e basis over 4 yeais. Investments These aTe valued at Inarket value as at the year end. The movements in designated funds during the yeai. weie.. Bal blfwd Receipts Payments Transfer Bal c/fvid Flat 59a Flat 59b Flower Fund Caiidle Fund Coinpiiter fuiid Andiews Place Fund 7.443 53,710 2,890 337 290 16,758 2,200 9,889 9.643 61,871 2,890 337 290 16,758 (1,728) 81,428 12,089 {1,728) 91,789 P8ge4of 11

PAROCHIAL CHURCEI COUNCIL OF HOLY I'RINITY ELTHAM NOTES TO THE FINANCIAL STATEME4lYTS FOR THE YEAIi TO 31 DECEI MBER 2020 The moveinents in restrKcted funds during the year were.. Bal blfwd Receipts Payments Transfer Bal clfi¥d Bishops Lei)t Appeal Church Day Outings Diocese Fees Insurance Claim Altar Clotlis Churcl) Art Fund Vestinents Fund Hope 4 the World Childrcn's Society I.egacy (Brookfield) Legacy (Playle) PaT15h Office Grant Open Doo1% (Syria Refugees) Church Urban Fund Bexley flood Bank NSPCC Lighting Fuiid Memorial (Lincoln) Meinorial {Pyne) 346 360 (15) 430 (3461 360 2,604 12,604) 430 3,695 992 641 330 700 5,000 274 792 1,495 3,695 992 (6411 (3301 700 5,000 274 318 318 {7921 11,4951 {5151 (1441 515 144 1,100 8,775 7,273 2,792 9,875 7,162 (2.7921 33,931 4,681 (9,770} 28.842 Pagc5of 11

PAIIOCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOT£4 S TO THI FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 INCOMING RESOURCES 4a Collections and Otliej. Giving Unresti'icted Restricted Custodian Fund5 Funds Ti'usiees Total 2020 Total 2019 Collections {Open Pl<ltel Sundry Donations Legacies 2.028 4,594 2,028 5,055 6,671 24,626 5,000 2,077 6,622 2.077 8,699 34,681 4b Activities for Generating Fuiids Unresti'icted Restricted Custodian Fund5 Fuiids Trustees Total 2020 Total 2019 Pai'ish Magazine Tea & coffee 215 215 1,271 215 215 1,271 Receipis from Church Activitie5 Unrestricted Restricted Funds Fiinds Custodian Trustees 'rotal 2020 Total 2019 Church Hall Lettin& Fees 4,655 607 4,655 3,211 20,365 6,012 2,604 5,262 2,604 7,866 4d Investinent Inconje Unrestricted Restricted Cu5todiaii Funds Funds Trustees Total 2020 Toial 2019 Dividends CIIF Deposit Fuiid Int¢rest Rental Income 6,961 375 6.961 400 12,089 6.758 658 18,351 25 12,089 7.336 19,450 25,767 Poge6ofll

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEIAR TO 31 DECEMBER 2020 INCOMING RESOURCES (Cont'd) 4e Other Incoine Unrestricted Restricted unds Custodian Trustees Total 2020 Total 2019 Insurance Claiins Parish RetJEat 130 130 1,050 130 130 1,050 REI SOURCES EXPEIYDED 5a Church Activities Unrestricled Restricled unds Trunds Custodian Trustees Total 2020 Total 2019 Ministry & Charityble Giving Home oVeeaS Other Ministry Costs Chureli Ruiiiiing & Maintenance Chapel Restoration Chui'th Hall Cost of Services Funeral Expenses & Meinoi'ials Sunday Club Fees payable to Diocese Postdge & Stationery Sb5Cl.1PtlQs Telephone Hospitality Sundries Depreciation of Equipinent 370 1,182 471 11,836 4,263 4,633 1,182 471 11,836 1,729 1,182 3,299 18,940 2,008 2,281 3.919 2,008 2,281 6,822 3,067 3,796 345 2.903 2.604 2,604 2,460 58 1,202 2,912 3,788 906 1,187 58 1,049 2.460 58 1,202 712 712 26,499 9,770 36,269 42,258 Pagc7of 11

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 RESOURCES EXPENDED (Cont'd) 5b Fundraising Unrestricted Rests'icted Funds Funds Custodian Trus(ees Toial 2020 Total 2019 Tea & Coffee MaintendnLe of Rental Prop¢rtie5 202 1,728 202 1,728 202 298 1,930 1,930 500 Govei'jiance Costs Utu'estricted Restricted Funds Flind5 Custodial) Ti'ustees Total 2020 Total 2019 Insurance Bai)k Lhai'geg Independent Exajnination Fee 6,677 6,677 6,531 550 550 550 7.227 7,227 7,081 STAFF WAGES Unresti'i¢ted Resti'icted Funds Funds Custodian I'TUStees Total 2020 Total 2019 Wages & Salaries 3,928 3,928 6.457 3,928 3,928 6.457 During the year the PCC einployed a hall booking administratoi. and a musi¢ diT¢Ctor, all on a part time basis. No payments Inade were large enough io atti?ct SOCl81 security deductions Any expenses paid to clergy are small iminatei'ial ainounts, which relate to theii. function as PCC Inembers. No oihei. payineiits were madc to PCC Incinbei%. Pag¢flof 11

PAROCHIAL CHURCH COUNCIL OF IIOLY TRINITY EI LTHAM NOTES TO THE FINANCIAL STATEMEI NTS FOR THL YF.AR TO 31 DFCFMBER 2020 TANGIBLE ASSETS Total 2020 Office Eqiiipin¢nl Total 2020 Office Equipineiit COST As atOI.01.2020 3,136 3,136 As at31.12.2020 3,136 3,136 DEPRECIATION AsatOI.01.2020 Chaige foi. the year 3,136 2,352 784 Asat31.12.2020 3,136 3,136 NET BOOK VALUE Asat31.12.2020 ITrIVESTMENTS The PCC hold 12128.96 shares in the CBF Investinet)t fund. Total 2020 Total 2019 MARKF.T VALUE AsatOI.01.2020 Revaluation gainl(loss) 231,979 16,018 195.393 36,586 As at 31.12.2020 247,997 231.979 DEBTORS ljnrestricted Restricted Funds Custodia Ti'ustees I'otal 2020 Total 2019 Tax RecoveTable Piepayinent5 Other Debtors 12,628 12.628 16,228 12,628 12,628 16,739 Page9ofll

PAIIOCHIAL CHURCH CnlJNC.IL ()F HOLY I'RINII'Y F.LTHAM NOTLIS I'O THE FINANCIAL STATF.MENTS FOR THE YEAR TO 31 DECEMBER 2020 10 CREDITORS Unrestricted Re5tri¢ted Fund5 Fiinds CustodEan I'TUStees I'otal 2020 Total 2019 Accrual5 Other Ci'editoi 5,232 5,232 19,553 1,747 23,846 19,553 5,232 19,553 24,785 25,593 Page Ioofll

INDEPEI NDEN'I. EXAMINf4,Il'S RCP()IIT TO I'HE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY f4 LTHAM ON THE ACCOUNTS FOR THE YFAR EI NDED 31 DECLMBER 2020 This report on the financial stateinents olthe PCC for the year to 31 Deceimber 2020. which is in I'espect of an exainination carried oiit in accordance with ihe Church A¢¢ountiiig Regulations 2006 ('the Regulations,) and the Charities Act 2011 ('the Act,). Respective responsibilities of the PCC alld thc examiner As Jneiiibers of the PCC you are respgnsiblc for the preparation of the financial statements. You considei. that the audit Tequireinent of the Regulations and section 144 (1) of the Act do not apply. It is my iesponsibility to issue this repoit on those financial stateinents in accoi'dance with the terins of the Regulations. Basis ofthi5 report My cxai?iination was can'ied out in accordallce wsth the General Dii'ections given by the Charity CoTnini&%ion undei. scction 145 of the Act and io be found in the Chiirch Gtiidoiice, 2006 edition, issiied by the Finance Division of tlie Ai'chbishop5' Council. That exainination includes a review of the accounting records kept by the PCC aiid a coinpai'ison of the accoiints with these records. It al%() includcs considering any unusual iteins or dis¢losuirs in the financial stateinenrs and seeking explanations from yoii as ti'ustees concerning any such matteiB. Tlie procedures undertaken do not provide all the evidence that woiild be required in an audit. and tonsequently I do not ¢xpirs5 an audit opinion on the view given by tho accounts. Independent examiner'5 slalement In Connection with Iny exaininatioii, no matteT has con)e to my attention.. which gives Ine reasi)nable ¢au5e to believe that in any Inaterial respect the requireinents to keep accoiinting Tccords in accoTd8nce with section 130 of the Act., and to piepare financial stateinents, whicli accoi'd with tl)e accounting records and coinply with the requireinents of the Act and the Regul81ions have not been inet; or 21 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached NEAL M ROGfRS FFAIFIPA FOR AND ON BP14ALf OF BFRACAH ADMINISTRATION I,IMITED INLORPORA'I'ED fiNANCIAL ACCOUNTANTS 37 ST JOHNS ROAD SIDCUP KF.NT DA14 4HD Datc.- Mai¢h 2021 Page 11 orii

UNAUDITED ANNUAL REPORTS AND FINANCIAL STATEMV.NTS OF THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY EILTHAM FOR THE YE4AR TO 31 DECEMBER 2020