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2021-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury

In partnership with Cloudesley CHARITY REGISTRATION NUMBER 1132698

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

----- Start of picture text -----
Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Statement of Receipts and Payments 8
Statement of Assets and Liabilities 9
Notes to the Accounts 10 to 16
Independent Examiner's Report on the Accounts 17
----- End of picture text -----

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley FOR THE YEAR ENDED 31ST DECEMBER 2021 LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1132698

WORKING NAMES

St Augustine's PCC, Highbury

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

01 January 2021

31 December 2021

TRUSTEES AT 31 DECEMBER 2021

Gabriel Anstis, Vicar Monty Sachikonye, Church Warden

Tim Neville-Lee Jonquil Calvert, PCC Secretary Judith Harwood Harold Chapman Sharon Morris

Gemma Cook

Nina Papazyan Verona Turnbull Placide Gambamba Jason Omogbai

Daisy Cunningham Hua Ryan Anne Golding-Lee, Lay Chair

Ex officio, inducted 7 September 2013 Ex officio, Re-elected 2021. Appointed 30/4/18

Elected 2021. Appointed 9/5/21 Re-elected 2020 Appointed 24/4/17 Elected 2020 Appointed 18/10/20 Elected 2020 Appointed 18/10/20 Ex officio, elected Deanery Synod rep 2020 Appointed 18/10/20

Ex officio, elected Deanery Synod rep 2020 Appointed 18/10/20 Elected 2020 Appointed 18/10/20 Elected 2019 Elected 2019 Co-opted 2021

Resigned 11/10/21 Resigned 11/10/21 Term ended 9/5/21

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING INSTRUMENT

PAROCHIAL CHURCH COUNCIL POWERS MEASURE (1956) AS AMENDED AND CHURCH REPRESENTATION RULES

13th November 2009

REGISTRATION DATE 13th November 2009 OBJECTS Promoting in the ecclesiastical parish the whole mission of the Church.

CORRESPONDENCE ADDRESS St Augustine Parish Church 108 Highbury New Park LONDON N5 2DR

PRIMARY BANKERS HSBC BANK PLC 31 Holborn Holborn Circus LONDON EN1N 2HR

INDEPENDENT EXAMINER

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021

Aims and purposes

St. Augustine’s PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance of the St. Augustine’s church building.

Objectives and activities

As a church, we have made four key commitments: to pray regularly for others in the locality; to invite local people who are not yet part of a church family into the lives of individual church members and of the church, to give our money to God’s mission and ministry in Highbury, and to serve by using our time and our talents to help others both inside and outside the church family. (P. I. G. S.)

We are committed to being part of God’s justice locally and globally, to nurturing children and young people in their relationship with God, whilst developing increasingly strong safeguarding practices, to growing our life with God as a whole church family, and to sharing the love of God and the good news of Jesus Christ with our families, colleagues, neighbours and friends. We also want to develop our church building to be conducive to worship and wider activities.

When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through worship and prayer, learning about the Good News of Jesus, and provision of pastoral care for people living in the parish.

Achievements and performance

Pray

Although we have had to adapt to meeting in different ways (socially distanced physically and/or online) in 2021 due to the Coronavirus pandemic, as a church community prayer has continued to be a critical part of our shared life together. The prayer life of the church is expressed in numerous different ways. On Sundays, we have continued to meet for informal prayer before the 10.30am morning service, and then through liturgy, song, intercession and prayer ministry, prayer has been an important ingredient of the 10.30am Sunday morning service itself. In 2021, there has been a weekly prayer gathering on Tuesdays online on Zoom, plus Bible Study groups meeting on weekday evenings to explore the Scriptures and to pray. A weekly prayer diary was also produced in 2021 through our Welcome and Prayer Sheet publication, as well as an email ministry encouraging church family to pray, called ‘The Prayer Network’. Prayer triplets were also encouraged, helping church family to invest in prayerful, strengthening and accountable relationships with each other. ‘StAC Kids’ for children aged 3-11 and ‘StAC Youth’ for young people, continued to be critical places for growing the prayer lives of children and young people. This was done in person at some points in the year, as well as online at other times. Collective worship and prayer continued to be led monthly for the whole school at one of our local Church of England primary schools, throughout the year, with a mixture of in person and online ministry, following Government pandemic guidelines. We also partnered with Christ Church Highbury creating ‘Open the Book’ Bible, prayer and worship videos for the aforementioned primary school. In October, to help us in prayer, for the second year, we undertook the 40 day Big MACCC at StAC fast, fasting from Meat, Alcohol, Caffeine, Chocolate and Cheese. ‘Connect’ continued in 2021, a monthly online gathering encouraging and facilitating prayer in small groups. ‘ReConnect’ emerged in November, a weekly gathering for mums with dependent children to meet, explore the Scriptures and pray together. The church staff team also met each week to pray throughout the year. In December 2021, we saw the launch of Bubble Church, our monthly 9.30am service especially for young families. Informal prayer, sung worship, ‘The Thank You Slot’ and children’s liturgy all strongly contributed to the centrality of prayer at Bubble Church. In 2021 we also began praying regularly for our neighbours: the residents of the Park View Estate and Athenaeum Court, and all those connected with Highbury Quadrant Primary School.

Invite

All are welcome to attend our regular services. Our attendance in 2021 was reduced significantly by the Coronavirus pandemic and related restrictions. A number of our Sunday services were held online in 2021, with the Zoom meeting invitation being shared publicly on the church website. The average Sunday morning in person attendance (meeting physically in the church building) in 2021 has been approximately 34.4 adults and 9.7 children. (Some churches in our deanery and the wider Stepney Area did not hold services on Sunday 26[th] December 2021 as Christmas day was the day before. However, at St Augustine’s we did hold a service on Boxing day 26[th] December where there were 10 adults and 1 child in attendance. If this is factored in, our average Sunday morning in person attendance in 2021 has been approximately 33.8 adults and 9.5 children). The Sunday morning services we held online included livestreaming from the church building, plus Zoom services. As well as regular church members attending, we have also seen guests/visitors attending online, plus people watching the video recordings of services at other times in the week. Our electoral roll had 91 members in 2021, a decrease of 2 from the previous year.

4

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley TRUSTEE'S REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

Invite (continued)

Whilst negotiating pandemic restrictions, other activities and invitational opportunities in the year included a Quiz Night on Zoom, StAC Youth for young people, StAC Kids for children aged 3-11, a monthly online prayer gathering called Connect, midweek Bible study groups, a weekly online prayer gathering called Prayer Brunch, a mums group meeting for fellowship, prayer and Bible discussion called ReConnect, Baptisms, Funerals, Easter bag deliveries to families and children, an outdoor Christmas Carol Service outside the church building and at Athenaeum Court, collecting food donations for the Food Bank at St John’s Brownswood Park, the Highbury Easter Trail, assemblies at St John’s Highbury Vale Primary School, a COP26 Tearfund Climate Change service with our local MP Jeremy Corbyn, a Christmas children’s nativity by the local Montessori Nursery, and the launch of a monthly 9.30am Sunday service especially for young families (now called Bubble Church).

Give

Financial giving during 2021, combined with grants of £36,647, totalled £115,387 (plus £33,301 in Gift Aid). In addition, the parish has been richly blessed by those who give their time and talents. As a consequence of this, (and God’s grace!), the various activities outlined elsewhere have been possible. This year, we continued working with St John’s Church in Brownswood Park who run a Food Bank and soup kitchen, donating food and toiletries to those in real need, struggling during the pandemic to make ends meet.

In 2021 work with children and young people remained a very important part of the ministry of St. Augustine’s, with StAC Kids, StAC Youth, Bubble Church and school assemblies (all mentioned above) playing a very significant role in this area of ministry.

In 2021, we also continued to support the campaigns and objectives of Tearfund, as well as continuing to use Fairtrade products in the day to day running and operations of church life. We also continued to support a mission partner in Japan, financially and in prayer, with outreach and ministry.

With support from Cloudesley charitable trust we have been able to install Wifi throughout the church building, using specialist company Moss Technical Ltd.

Serve

Despite the various pandemic related restrictions in 2021, many people in the St Augustine’s church family continued to give their time regularly, generously and sacrificially to church life, mission and ministry, for the sake of growing God’s kingdom in Highbury and beyond: their contribution has been absolutely invaluable.

Environmental Statement

Following the successful installation of solar panels on our church roof in 2019, we continued to work towards reducing our environmental impact. With help from the charitable trust Cloudesley in 2020, we worked on converting existing lighting in numerous parts of the church building to more energy efficient lighting, with the lighting specialist company CES. In 2021, also with financial help from Cloudesley charitable trust, we changed our heating in the Hall where the St Augustine’s Nursery currently meets, from old storage heaters (which are energy inefficient and expensive to run) to radiant heating panels. We worked with Solray Heating and the team at London Diocese to achieve this. In November 2021, we held a special Sunday morning service with a particular focus on climate change, COP26 and God’s creation; our local MP Jeremy Corbyn was invited and then interviewed during the service.

Financial review

We are very grateful for God’s incredible generosity to us in the church’s finances, and for the continuing faithful giving of church members. The use of the Parish Giving Scheme as a means of giving by numerous church members has been very important for us, not least because this has made the Gift Aid claims (of those who have joined the PGS) much faster and easier for us, as well as providing a better, more secure and more reliable way of giving than with cash, cheque or standing order.

Overall income for the year was £174,798 whilst resources used totalled £154,839, resulting in a gain of £19,959. Total church cash funds at the end of 2021 were £89,961 (with Gift Aid receivable of £5,440).

Reserves policy

It is PCC policy to maintain a balance on free reserves that equates to approximately four months unrestricted payments. This is currently equivalent to c.£50,000. These reserves are held to smooth out fluctuations in cash flow and to meet emergencies e.g. unexpected building repairs.

It is the PCC’s policy to invest fund balances with the CBF Church of England Deposit Fund.

5

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley TRUSTEE'S REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC comprises the Incumbent (our Vicar), Churchwardens, ex officio members, members elected by those members of the congregation who are on the electoral roll of the church, and sometimes co-opted members. All those who attend our services and members of the congregation are encouraged to register on the Electoral Roll and to consider standing for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met regularly during the year. In 2021, the PCC met to consider a number of items including:

Development and upkeep of the church building, the annual accounts, Islington Deanery Synod, our Mission Action Plan, Wifi installation in the church building, our 2022 Budget and spending priorities, volunteers at StAC, the Government’s Job Retention Scheme (i.e. ‘Furlough scheme’) in relation to our one part-time employee, the church’s finances particularly in light of the financial impact of the COVID pandemic, the installation of new livestreaming equipment, the installation of radiant heating panels, Hippo Club team and ministry, Cloudesley trust grant applications, our Reserves Policy, a new StAC website, hiring someone to clean the church building, members of the Standing Committee, our London Diocese Common Fund gift for 2022, launching a young families’ service, and the negotiation of pandemic restrictions in relation to how the church family meets/gathers.

Reference and Administrative Information

St. Augustine’s Church is situated in Highbury, north London. It is part of the Diocese of London within the Church of England. The correspondence address is 108 Highbury New Park, London N5 2DR. The Parochial Church Council (PCC) is a body corporate (PCC Powers Measure, Church Representation Rules 2006) and is a charity registered with the Charity Commission, with registration number 1132698.

The trustees, members of the PCC, at the time of this report, were as follows: Gabriel Anstis, Vicar

Monty Sachikonye, Church Warden Tim Neville-Lee Jonquil Calvert, PCC Secretary Judith Harwood Harold Chapman Sharon Morris Gemma Cook Nina Papazyan Verona Turnbull Placide Gambamba Jason Omogbai

6

Thè Parochlal Church Countil of the Ecdeslastlcal Parlsh of St Augustine, Highbury TRUSTEE'S REPORT (Contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2021 Aesponsiblitie$ of Trtt•es Charity law rEquires the Bwd clTrustee5 to pTewE StagD￿t$ fty e￿ f￿an¢￿1 year ￿lch 9we a true and far ithe stateof affars ￿ the charty and nc{￿n￿9 le5￿jr£e5 and le5L¥jf￿ expa)ded fer the pthod. In prep3rlng those financw statomwts, the rfTrustee5 sh(xJhY frfThY best pr￿t￿e and are requral to., set SUtab￿ ￿C￿ntkng pc¥c￿ appty them ccnsistent me judgM￿tS and e5tThates thal ¥e and prUd￿t compty w￿h <plK4ble ￿￿n¢￿9 St￿￿ards sub)￿l toarby m&eria depatures dtsch)strJ and e%plained In the flnanclal stat￿￿t$ prepare rhe lknanckl steM￿t$ thl the gfJn9 ccmcwn bas￿ unk5S t i5 inrf)priyri&e lopresumE that the charity wil continue in (pef&K¥I The ￿Trustee5 b rtspwsle ftr Mainta￿[n9 ￿¢￿nt￿ng reDyds dsckn5e s¥th rÈastha)le atcuracy at any lkne the finantk4 pl￿1t1￿ ( the ch¥￿V and to tr)abèthsn to wsure that the fffiico1 starements ccmpty wth the Chartt Act 1993. The¥ are a&0 reSp￿SIb￿ ftt safeguardfftg the ￿tS ofthe Ch￿tY and for taking re￿Onab￿ steps ft¥ the preventiffi dere£twJ) ￿fr￿J￿ cthtr Tregu￿￿S to prwde reaswgble assurance that:. the charityts twatin9 effic￿tty3nd elt¥tNety all ￿set5 aresafeguwded ajthst unauthtysed vse prcper ￿C￿$ are mantanJ f•)￿¢4 Infrrn1K￿ vsed the chwityix publtatkn Ps the tharlv C￿nplS ￿1th relwt rtyulatKffls The systetns of Intem81 c￿trtA are dtsvJned to prtr4Je re3%¢￿ab but n(t absc&Jte assurance ajanst m1sstattyll￿t lx loss. Approved by the TTUStees crfi............... Sv)n￿j on th4r beha￿ byTru5t*..... Printed Name.. GA6KIFL AKJS"Tts

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Notes
RECEIPTS
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
TOTAL RECEIPTS
PAYMENTS
Costs of Charitable Activities
4a
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
TOTAL RESOURCES EXPENDED
TRANSFERS BETWEEN FUNDS		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
108,191
40,497
-
148,688
117,171
11
-
-
11
88
26,099
-
-
26,099
19,923
134,301
40,497
-
174,798
137,182
116,516
38,323
-
154,839
146,238
116,516
38,323
-
154,839
146,238
17,785
2,174
-
19,959
(9,057)
-
-
-
-
-
17,785
2,174
-
19,959
(9,057)
7,066
12,271
50,665
70,002
79,059
24,851
14,445
50,665
89,961
70,002

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages:10 to 16

8

The pa￿thIal ch￿￿h Counal of the E(Kle5iastial Parish of St Augustin Highbury STATEMENT OF ASSETS AND UABILITIES FOR THE YEAR ENDED 31sr DECEMBER 2021 Unrestrn￿ Restitted Fund Fund Total Total 31-Dee-21 31-DEtr20 CurrEnt As5etS C&h at bank and In hand 75.516 14,445 89,961 70.002 Totsl CuYYent or>2 NET ASSEYS 51 14 ooi Represented bv: GEneral FuTrds Resrrtted funds De51gnata Funds 24,851 24,851 14.445 50.665 7,066 12,271 50.665 14.445 50.665 TOTAL PUNDS Assets: Gft Aid Rttthvable 5,440 5,440 26.872 LiaWlltles: Ind￿￿dent Examkner 1.140 1,140 1.760 L140 L140 1.760 TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL sfATEHENTS Chaity L85V reouires iheTrustees t￿prepa￿ ffiaioal st&￿entS f¢￿ aich ffiancFal year b¥hth comply the reguldtKJn5 SLt out In the (h4rities Art 2011. The Trustee5 have elected to take &Jv￿t￿Je ( the pro¥isx)ns th èppfy to sm¥1 charties and have prepared a ReTrpts payM￿t5 Accwnt aid Statement ofknets and Lobthts whth ¥e ser wt 4)n pa9￿..- IOto16 Approved by theTrusteES ￿... 5nJ 01 the behaW byTrU5t￿... Prlnted NarnÈ'. frABQ(SL AK)STI

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Expenditure and Liabilities Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Funds held by the charity are either:

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed Assets

The charity converted to a Receipts and Payments basis in 2020. Prior to that Fixed Assets were capitalised when they could be used for more than one year and cost at least £1,500. They were valued at cost or, if gifted, at the value to the charity on receipt. Consecrated and benefice property were excluded from the financial statements by section 96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal were accounted for as inalienable property unless consecrated. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. The cost of fixed assets acquired using grants from the Cloudesley Trust were capitalised when the purchase price was greater than £500.

Depreciation Expense

Fixed Assets had been fully depreciated when the charity converted to a Receipts and Payments basis in 2020. Equipment used within the church premises was depreciated on a straight line basis over four years. Individual items with a purchase price of £500 or less were expensed when the asset was acquired.

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

Current assets

Short term deposits include cash held on deposit with the CBF Church of England Funds.

This page does not form part of the statutory financial statements

10

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

2. TANGIBLE FIXED ASSETS

Additions
Cost
Accumulated Depreciation
At 1 January 2021
Charge for the Year
At 31 December 2021
At 1 January 2021
At 31 December 2021
Net Book Value
At 31 December 2021
At 31 December 2020		 Property
Other Fixed
Asset
Unrestricted
Funds
Restricted
Funds
2021
£
£
£
£
£
-
-
97,000
26,935
123,935
-
-
-
-
-
-
-
97,000
26,935
123,935
-
-
97,000
26,935
123,935
-
-
-
-
-
-
-
97,000
26,935
123,935
-
-
-
-
-
-
-
-
-
-

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2021 : None 31st December 2020 : None

This page does not form part of the statutory financial statements

11

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury

In partnership with Cloudesley NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

3. INCOMING RESOURCES

Note
a) Donations & Legacies
CAF Donations & Stewardship
Interest Received
c) Incoming from Charitable Activities
Building Rental income
Church Rental Income:-
Collections
Grant-Cloudesley Trust
Grant-Other
Organ donations
b) Investment Income
Intern Donations
Donations
Planned Giving - Not Gift Aided
Tax Recoverable
Playgroup
Other income
Fees for services, etc
Hippo Club income
Tithes, gifts & donations (incl. Parish Giving Scheme)
Traidcraft income
HMRC-Furlough
Total incoming resources		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-21
31-Dec-20
58,329
-
-
58,329
63,426
8,369
-
-
8,369
12,546
4,207
-
-
4,207
4,320
-
36,297
-
36,297
28,007
350
-
-
350
200
-
-
-
-
1,590
-
4,200
-
4,200
1,350
181
-
-
181
248
3,454
-
-
3,454
3,973
33,301
-
-
33,301
1,511
108,191
40,497
-
148,688
117,171
11
-
-
11
88
11
-
-
11
88
8,737
-
-
8,737
2,784
13,924
-
-
13,924
11,267
837
-
-
837
508
262
-
-
262
1,860
2,338
-
-
2,338
918
-
-
-
-
519
-
-
-
-
2,067
26,099
-
-
26,099
19,923
134,301
40,497
-
174,798
137,182

This page does not form part of the statutory financial statements

12

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

4. RESOURCES EXPENDED

Note
Total Resources used
Church running expenses
Clergy expenses
Cloudesley funded expenses
Cold weather Shelter Expenses
Common Fund
Staff costs-Salaries and benefits
Staff costs-Pension Contributions
Other Ministry Costs:-
Sundry Expenses
Stepney Intern Scheme
Pastoral care expenditure
Publicity
Subscriptions
Traidcraft
Depreciation
Equipment purchases
Gifts to people
Water Rates
Governance costs:-
Independent Examiner Fee
Staff Costs:-
Charitable Activities:-
Grants/Donations
Church maintenance (inc.
Printing & stationery (inc. photocopier)
Training & Teaching expenses
Other Resources used:-
Bank Charges
Electricity
Gas
Insurance Costs
Staff costs-Employer's National Insurance Costs
Other Ministry Costs		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
2,151
-
-
2,151
2,700
51
-
-
51
305
-
38,323
-
38,323
29,174
-
-
-
-
100
60,000
-
-
60,000
47,900
-
-
-
-
6,246
1,039
-
-
1,039
-
405
-
-
405
-
5,350
-
-
5,350
6,230
-
-
-
-
10
1,009
-
-
1,009
256
25
-
-
25
50
-
-
-
-
330
75
-
-
75
266
30
-
-
30
30
3,521
-
-
3,521
3,120
1,819
-
-
1,819
3,310
6,509
-
-
6,509
9,383
3,929
-
-
3,929
8,751
1,172
-
-
1,172
1,427
22,963
-
-
22,963
22,994
-
-
-
-
-
486
-
-
486
521
476
-
-
476
536
1,222
-
-
1,222
496
-
-
-
-
1,333
1,163
-
-
1,163
771
3,120
-
-
3,120
-
116,516
38,323
-
154,839
146,238

This page does not form part of the statutory financial statements

13

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury

In partnership with Cloudesley NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Redevelopment Fund
Cloudesley Fund
Organ Fund
Pastoral Care Fund
Intern Fund		 Balance
Unrealised
Balance
01-Jan-21
Income
Expenditure
Gain/Loss
Transfer
31-Dec-21
£
£
£
£
£
£
3,266
-
-
-
-
3,266
2,961
36,297
(38,323)
-
-
935
3,200
-
-
-
-
3,200
1,494
-
-
-
-
1,494
1,350
4,200
-
-
-
5,550
12,271
40,497
(38,323)
-
-
14,445

PREVIOUS FINANCIAL YEAR

Cloudesley Fund
Organ Fund
Pastoral Care Fund
Intern Fund
Redevelopment Fund		 Balance
Unrealised
Balance
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
3,266
-
-
-
-
3,266
(1,123)
28,007
(34,425)
-
10,501
2,961
1,610
1,590
-
-
-
3,200
1,494
-
-
-
-
1,494
-
1,350
-
-
-
1,350
5,247
30,947
(34,425)
-
10,501
12,271

The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Church Fabric Fund
Redevelopment Fund
Redevelopment Fund
Church Fabric Fund		 Balance
Unrealised
Balance
01-Jan-21
Income
Expenditure
Gain/Loss
Transfer
31-Dec-21
£
£
£
£
£
£
651
-
-
-
-
651
50,015
-
-
-
-
50,015
50,665
-
-
-
-
50,665
Balance
Unrealised
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
651
-
-
-
-
651
49,915
100
-
-
-
50,015
50,565
100
-
-
-
50,665

This page does not form part of the statutory financial statements

14

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

7. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

8. CASH AT BANK AND IN HAND

8. CASH AT BANK AND IN HAND
Bank Current A/c
CCLA Deposit Fund
Hippo Club Fund
Petty Cash		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
3,987
14,445
50,665
69,097
43,420
20,858
-
-
20,858
20,847
-
-
-
-
5,730
5
-
-
5
5
24,851
14,445
50,665
89,961
70,002

9. DEBTORS AND PREPAYMENTS

The Charity held no Debtors during this or the previous financial period.

10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR

The Charity held no Creditors falling due within one year during this or the previous financial period.

This page does not form part of the statutory financial statements

15

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilties during this or the previous financial period.

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Employer's Pension Contributions		 TOTAL
2021
£
22,963
-
486
23,449		 TOTAL
2020
£
22,994
-
521
23,515

Average number of employees who were engaged in each of the following activities:

TOTAL TOTAL
2021 2020
Charitable Activities 1 1

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020 - None)

13. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

(2020 - None)

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

The trustees have adopted a policy of having reserves of £50k.

16. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

This page does not form part of the statutory financial statements

16

The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury In partnership with Cloudesley INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

Report to the trustees/ members of The Parochial Church Council of the Ecclesiastical Parish of St Augustine, Highbury on the accounts for the year ended 31st December 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 15th June 2022

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