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2020-12-31-accounts

PCC Accounts

Annual Reports and Financial Statements of the Parochial Church Council, St Mary Magdalene Church, Enfield,

Year ended 31 December 2020

Parish Ref 1828

Registered Charity No.

1133095

Incumbant: The Rev’d Dr Gordon Giles Assistant Curate: The Rev’d Maureen Lunn

Barclays Bank PLC 20 The Town, Enfield

Independent Examiner Harry Nicolaou & Co Ltd 21 Brendon Way, Enfield EN1 2LF Tel. 020 7281 1188 www.harrynicolaou.co.uk/

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Contents

1. Annual Report 3
2. INDEPENDENT EXAMINER’S REPORT TO THE PCC 6
3. Declara�ons and Scru�ny 7
4. Presenta�on to the Church trustees 7
5. Accounts Introduc�on 8
6. Receipts and Payments Accounts 9
7. Assets and Liabili�es 12
8. Funds and Bank Accounts 13
9. Notes on the accounts 15
10. Charitable Giving 16

Page 2

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Annual Report

Background - St Mary Magdalene’s PCC is responsible, with the incumbent, for promo�ng in the ecclesias�cal parish the whole mission of the Church, pastoral, evangelis�c, social and ecumenical. It also has maintenance responsibili�es for the Church and Hall of St Mary Magdalene, Enfield and legal responsibili�es as the trustees of Registered Charity No. 1133095.

PCC Membership - Members of the PCC are elected by the Annual Parochial Church Mee�ng (APCM) in accordance with the Church Representa�on Rules. During the year the following served as members of the PCC:

Incumbent:

The Rev’d Dr Gordon Giles

Assistant Curate: The Rev’d Maureen Lunn Churchwardens: Mrs Catherine Circus (2017) * and Mrs Anneliese Fenwick (2019)

Deanery Synod Representa�ves: Mr Colin Gibbens (2020) and Mrs Eleanor Pritchard (2020)

Elected Members:

Mrs Helen Clark (2018) Mr James Horlick (2018)
Mrs Carol Lamb (2018) Mrs Elizabeth Ranson (2018)
Mr Ken Cope (2019) Miss Joy Heywood (2019)
Mrs Alison Reeve (2019) Mrs Judy Smith (2019)
Mrs Diane Coxon (2020) Mrs Sally Elphick (2020)
Mrs Pam Hagan (2020) Mr Michael Smith (2020)
Mr David Bird – Co-opted (2020)

The PCC has complied with the duty under sec�on 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Commi�ees

Fabric Commi�ee: Assists the PCC in managing, supervising and financing structural and building maintenance projects pertaining to the Church and Hall, backed up with a Fabric Fund.

Memorial Garden Commi�ee: Administers and arranges the interment of ashes in the Memorial Garden.

Children and Young Persons Commi�ee: A�ends to ma�ers rela�ng to children and young people through Sunday School.

Stewardship Commi�ee: Co-ordinates the annual review of the Chris�an Stewardship of money and other resources through planned giving and other ac�vi�es.

Hall Management Team: Responsible for hiring out the hall, collec�ng and se�ng rent rates and maintenance.

Chari�es Champion: Monitors and promotes the various charitable ac�vi�es undertaken on behalf of the church.

Page 3

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Review of the Year

The PCC met seven �mes during the year. Commi�ees met and reports were received and discussed by the PCC

There were 175 on the Electoral Roll in April 2020.

The news that our Vicar, Rev Dr Gordon Giles would be leaving us a�er 17 fantas�c years was received with great sadness. We congratulate him on his appointment as Canon Chancellor of Rochester Cathedral. He and his family will be greatly missed. Unfortunately, this news coincided with the first lock down of the year due to COVID-19 and when the Vicar moved to Rochester in June the church was s�ll not open. In July the church opened for private prayer for two hours on a Sunday morning and later in the year, when advice enabled it, a said Eucharist service was introduced every other week. This con�nued un�l the end of the year when the church was once again closed. A Carol service was held with a small choir and the church was open on Christmas Day for Morning Prayer. Thank you to all those who have helped with keeping the church open and safe to use during the past year.

During 2020 there was one funeral service in church, the Vicar and Curate took seven services at the local crematoria and cemeteries and there were eight interments of ashes in the Memorial Garden.

Due to the church being closed for part of the year and then open for private prayer only for quite some �me our weekly envelope giving and collec�ons dipped significantly. Our thanks go to those members who con�nued to give during these �mes. It is thanks to Mo and the Churchwardens for introducing services again in September and October that our envelope giving was improved. Also hard hit by the lockdowns and restric�ons we faced were the candle and coffee money, Coffee Mornings and other social events.

On the bright side, as you will see, total funds show a surplus of £5,059, this is largely down to the Stewardship Campaign run at the end of 2020. We were also buoyed up by the Hall transferring £23,000 and tax recovered through Gi�Aid of £13,687. Rent from Comreddy contributed £12,759. We also managed to pay our agreed Common Fund of £65,000 for 2020.

A Stewardship Campaign was held towards the end of the year which produced an increase of just under £3,000 in regular giving pledges and some £1,800 in one-off payments.

2020 saw a significant rise in visitors to our website. In 2019 there were 33,000 visits by 19,000 visitors; in 2020 we saw this rise by more than 160% to 53,000 visits by 36,500 visitors (more than 190%). During the lockdown, on May 10 a weekly Online Service was introduced which was accessed 4,241 �mes during the year or, on average, 124 �mes each week – a larger ‘congrega�on’ than a normal Sunday Eucharist Service. Our thanks go out to all the readers, those who provided the Lord’s Prayer, Mo for the weekly video and wri�en sermons and Gordon for some of the audio which is reused weekly, without which we would not have had such a varied service to join in with. There have been other ‘special’ services like All Souls’ which were also accessed by many visitors.

Fund-raising in 2020 was, of course, difficult and therefore much reduced. However, we did donate £3,705 in total to charity, some of which was money carried over from 2019. With no house-to-house collec�on, Chris�an Aid Week raised £249. Collec�ons from the Dinner Money and St Mary’s Meals schemes raised £2,197 for Mary’s Meals. And at Christmas, through an on-line appeal, we raised £228 for Crisis.

Page 4

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Social events were limited to a brunch in January, a bingo evening in February and two on-line quizzes in November and December.

Drama Group members contributed to the Sunday Epiphany service at the beginning of 2020 with the presenta�on of the gi�s by the three Magi during the service and their involvement by the Vicar in his sermon. In early spring the Group started preparing for a performance of a Palm Sunday reading from T S Eliot’s ‘Man Born To Be King’ at the Palm Sunday service. This was felt to be appropriate following the previous November’s presenta�on of ‘Kings in Judea’, also from ‘Man Born to Be King’. It was decided that if the service could not be held because of the Coronavirus alert, the readings would be recorded and made available by way of the Church website, and this was indeed what happened. A number of Group members took part in the recording and it was lovely that Gordon, Jessica and Maria also took roles before their move to Rochester. The Group did not meet again in 2020 due to the pandemic.

Because of Covid-19, 2020 bellringing has been very limited. On occasions 4 bells were rung, allowing for social distancing. The bells were “turned over” just to keep the mechanism moveable. The ringing team were able to meet weekly via a video link called ‘The Ringing Room’, a computer orchestrated virtual ringing chamber, and ring rounds and methods by the touch of a key and seeing the sally go up and down and hear a peal of bells, from 6 to 12.

On behalf of the PCC

April 2021

Page 5

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST MARY MAGDALENE. WINDMILL HILL, ENFIELD, MIDDLESEX

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 8 to 15.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Harry Nicolaou FCA Of Harry Nicolaou & Co Ltd Chartered Accountants 21 Brendon Way Enfield EN121LF

Page 6

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Declara�ons and Scru�ny

I confirm that these Receipt and Payment based accounts for the year to 31 December 2020 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees.

Signature of treasurer

Date 14 April 2021

Name and address of treasurer

Mr Ken Cope 8 Comreddy Close Enfield EN2 8RL

Presenta�on to the Church trustees

I confirm that the annual report and accounts for the year ended 31 December 2020 were presented to the mee�ng of the Church trustees held on April 27 2021

Signature of chair of mee�ng

Name of the chair of the mee�ng: Alison Reeve

Date 28 April 2021

Page 7

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Annual Report and Financial Statement for the year ended 31 December 2020

Accounts Introduc�on

Our gross income is less than £250,000 therefore the accounts are worked out as Receipts and Payments as per Sec�on 133(1) of the Chari�es Act 2011.

All monies have been rounded to the nearest £.

Funds of the Church

Funds are split into four types, Restricted, Unrestricted, Designated and Endowment funds.

Restricted Funds

These are receipts as dona�ons or grants that must be spent on restricted purposes. Unless otherwise stated these funds remain in their respec�ve restricted funds at year end. The funds held and restric�ons provided are shown in the accounts.

Unrestricted Funds

These represent the remaining receipts of the PCC that are available for spending on the general purposes of the PCC.

Designated Funds

Amounts designated by the PCC for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the report.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discre�onary power to spend capital as income, and where the use of any receipts or other benefit derived from the capital may be restricted or unrestricted.

Pilgrimage Fund

This is a Restricted Fund that cons�tutes Parishioners’ savings towards Pilgrimages and the Launde Abbey retreat.

Reserves Policy

It is the policy of the PCC to have at least two months of expenses available as Unrestricted funds in the Current Bank account (which works out at around £22,000). This is put aside for emergencies where receipts are less than payments and for general good running of the Church bank account.

Risk Assessment

The two main risks that involve the finances of the Church are a) An unexpected urgent repair required for Fabric of the Church and b) A downturn in dona�ons received whether through regular planned giving or collec�ons received. To prepare for either of these we maintain general funds on deposit. As part of con�ngency planning it is our hope to gradually build these up over the coming years for resilience.

Budge�ng

Our finances are budgeted for based on the previous years’ average receipts and payments allowing for spikes in either.

Page 8

Receipts and Payments Accounts

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Financial Statement for the year ended 31 December 2020

Notes
Receipts
Voluntary Receipts - Dona�ons
Planned Giving
R1		 Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
Total 2020 Total
2019
£
£
£
£
£
£
50,449
50,449
55,246
Collec�ons at Services 835
489
1,324
4,933
All other giving /
voluntary receipts
R2		 2,815
2,094
4,909
17,774
Gi�Aid recovered 13,687
13,687
9,886
Charitable ac�vi�es fundraisinR3 67,786
0
2,583
0
70,369
87,839
1,423
520
1,943
15,284
Other trading ac�vi�es
R4		 25,404
0
7,741
33,145
39,862
Investments
R5		 12,814
36
18
12,868
11,338
Other Income
R6		 920
2,429
3,349
23,003
Total Receipts 108,347
0
13,309
18
121,674
177,326
Payments
Church Activi�es
Common Fund		 65,000
65,000
54,000
Clergy expenses 1,619
1,619
5,105
Church running expenses P1 40,585
6,017
46,602
144,092
Cost of genera�ng funds
P2		 745
220
965
4,136
Other expenditure
P3		 2,429
2,429
7,922
Total Payments 107,949
0
8,666
0
116,615
215,255
Excess of Receipts over Payments 398
0
4,683
18
5,059
-37,861
Transfers between funds
In
Out		 6,000
0
0
6,000
2,339
0
-6,000
0
-6,000
-2,339
6,000
-6,000
0
0
0
Balance 6,398
-6,000
4,683
18
5,059
-37,861
Balances brought forward 1 Jan 2020
47,533
6,000
31,440
4,399
89,372
127,301
Balances carried forward 31 Dec 202
53,931
0
36,083
4,417
94,431
89,372

Page 9

Receipts and Payments Accounts

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Financial Statement for the year ended 31 December 2020

Notes
Receipts notes
R1
Gi�Aid standing orders		 Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
Total
2020
Total
2019
£
£
£
£
£
£
32,305
32,305
33,191
Gi�Aid envelopes 9,709
9,709
14,969
One of Gi�Aid gi�s 1,150
1,150
Other planned giving 7,285
7,285
7,086
R2
Dona�ons and Appeals		 50,449
0
0
0
50,449
55,246
2,495
1,311
3,806
9,968
Candles and Cofee 320
320
1,550
Lunch�me Concerts 345
345
490
Cofee Mornings 438
438
2,766
Legacies 0
1,000
Grants 0
2,000
R3
Parish events dona�ons		 2,815
0
2,094
0
4,909
17,774
593
20
613
1,001
PCC Assigned fees 488
488
3,031
Service fees weddings etc 330
330
4,271
Parish magazine & bookstall 342
342
475
Parish Feast & meals 0
0
3,640
Coaches 0
0
462
Drama Group 170
170
120
Bridge Club 0
0
2,284
R4
Fairs, Church hire etc.		 1,423
0
520
0
1,943
15,284
210
210
2,607
Hall le�ngs transfer in 23,000
23,000
28,000
Balance of Hall income 29
29
2,311
Memorial Gardens 7,741
7,741
6,864
Mem Gdns transfer in 2,085
2,085
0
Magazine income adver�sing 80
80
80
R5
Bank & CCLA interest		 25,404
0
7,741
0
33,145
39,862
55
37
18
110
303
Bank Loyalty rewards 0
0
0
0
0
22
Comreddy rent
R6
VAT refunds		 12,759
12,759
11,013
12,814
0
37
18
12,869
11,338
920
920
16,216
Pilgrimages & Launde 0
6,787
Gordon Giles leaving collec�on 2,429
2,429
0
Insurance claims 0
Loan Income 0
0
920
0
2,429
0
3,349
23,003

Page 10

Receipts and Payments Accounts

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828

Financial Statement for the year ended 31 December 2020

Notes
Payments notes
P1
Coaches		 Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
Total
2020
Total
2019
£
£
£
£
£
£
0
0
495
Deanery contribu�on 0
0
20
Organist fees 2,590
2,590
5,640
Service fees weddings etc 435
435
3,867
Vicarage maintenance 824
824
79
Vicarage water rates 154
154
214
Church water rates 236
236
479
Church insurance 8,956
8,956
8,769
Church gas 3,498
3,498
3,630
Church electric 1,544
1,544
2,280
Church ofce telephone 337
337
0

Parish website		 260
260
178
Publicity 0
0
373
Clergy's discre�onary giving 0
0
165
Organ / Piano tuning 1,224
1,224
125
Church minor maintenance 6,688
6,688
7,108
Miscellaneous 694
694
742
Church purchases 1,760
287
2,047
1,205
Computers and IT 1,070
1,070
1,152
Liturgical consumables 812
812
1,443
Upkeep of Church grounds 4,725
4,725
3,199
Ofce consumables 160
160
1,405
Bank charges 0
0
0
113
Bookstall costs 335
335
218
Church major repairs 0
83,126
Hall repairs 0
1,500
Hall redecora�ng 0
5,605
Hall other expenses 1,993
1,993
2,814
Memorial Gardens expenses 0
4,094
4,094
4,837
Drama Group expenses 0
1,201
1,201
120
Bridge Club expenses 0
0
2,245
Comreddy upkeep 2,318
2,318
1,033
Comreddy buildings insurance
P2
Costs of stewardship campaign		 407
407
33
40,585
0
6,017
0
46,602
144,212
224
224
126
Parish Feast & other meals 0
0
3,098
Costs of events
P3
Pilgrimages and Launde		 521
220
741
912
745
0
220
0
965
912
0
7,212
Jackie Fish re�rement gi� 0
710
Gordon Giles leaving gi� 2,429
2,429
0
0
0
2,429
0
2,429
7,922

Page 11

Assets and Liabili�es

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Financial Statement for the year ended 31 December 2020

Assets
Cash and Bank Assets
Barclays Current account		 Unrestricted Designated Restricted Endowment
Totals £
37,052
0
7,477
0
44,529
Barclays Savings account 67
0
51
0
118
CCLA General account 12,918
0
6,527
0
19,445
CCLA Bells account 0
0
2,241
0
2,241
CCLA Twells account 0
0
0
4,417
4,417
CCLA Memorial Garden account 0
0
9,229
0
9,229
Nat West Memorial Garden account 0
0
8,500
0
8,500
CAF Bank Hall account 2,404
0
0
0
2,404
CCLA Drama Group account 0
0
0
2,397
2,397
HSBC Drama Group account 0
0
457
0
457
Bridge Club cash in hand
Other monetary Assets
(Amounts owing to the Church)
Investment Assets
Property - 8 Comreddy Close
Cost confrmed 2001 - £42,500		 0
0
137
0
137
52,441
0
37,016
4,417
93,874
0
0
0
0
0
0
0
0
0
0
190,000
190,000
190,000
190,000

The investment property was valued by Morgan Butler Estate Agents on 1 January 2006 and subsequently revalued in the year by the Parochial Church Council to the value of £190,000

Assets retained for Church use

ency Collec�ons
Mary's Meals
London Diocese Service fees		 5
5
552
552
557
557

Page 12

Funds and Bank Accounts

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828

Financial Statement for the year ended 31 December 2020

Notes Account
Fund type
Barclays General current account
Bells
Restricted
Wedding and Funeral payments
Restricted
Discre�onary
Restricted
Fabric
Restricted
Fabric
Designated
Fellowship
Restricted
Gordon Giles gi�
Restricted
Music
Restricted
Pilgrimage
Restricted
Sunday School
Restricted
Vestry
Restricted
Vicarage
Designated
General
Unrestricted
Agency Collec�on - Liability
Restricted
Barclays Savings account
Pilgrimage
Restricted
General
Unrestricted
CCLA General deposit account
General
Unrestricted
Fabric
Restricted
Pilgrimage
Restricted		 Receipts
Transfers
Transfers
Payments
Net
in
out
movement
01/01/2020
31/12/2020
-
-
-
-
-
220
220
Balance
-
-
-
100
-
100
-
100
-
-
-
-
-
-
202
202
-
-
-
-
-
722
722
-
5,000
-
-
5,000
-
5,000
-
-
-
-
-
-
604
604
2,429
-
-
2,429
-
-
-
-
161
-
161
-
902
741
-
-
675
675
-
-
-
-
110
110
2,258
-
-
-
2,258
1,388
3,646
-
1,000
-
-
1,000
-
1,000
-
81,623
31,085
-
105,957
-
6,751
30,301
37,052
3,001
-
5,241
-
2,240
-
2,797
557
89,311
31,085
6,000
-
113,888
-
508
44,021
44,529
-
-
-
-
51
51
67
67
-
67
67
-
-
-
67
51
118
55
-
-
55
12,863
12,918
28
-
-
-
28
6,498
6,526
-
-
-
-
-
1
1
83
-
-
-
83
19,362
19,445

Page 13

Funds and Bank Accounts

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828

Financial Statement for the year ended 31 December 2020

Notes Account
Fund type
CCLA Bells deposit account
Bells
Restricted
CCLA Twells deposit account
Endowment
Endowment
CAF Hall account
General
Unrestricted
Memorial Gardens
Nat West account
Restricted
CCLA account
Restricted
Drama Group
Current account
Restricted
CCLA account
Restricted
Cash in hand
Restricted
Bridge Club
Restricted
Balances		 Receipts
Transfers
Transfers
Payments
Net
in
out
movement
01/01/2020
31/12/2020
Balance
9
-
-
9
2,232
2,241
18
-
-
-
18
4,399
4,417
23,029
-
23,000
-
1,993
-
1,964
-
4,368
2,404
9,826
-
2,085
-
1,733
-
6,008
2,767
8,775
39
-
-
-
39
9,190
9,229
9,865
-
2,085
-
1,733
-
6,047
11,957
18,004
160
17
-
143
314
457
10
10
2,387
2,397
1,184
-
1,184
-
1,184
-
170
-
-
1,201
-
1,031
-
3,885
2,854
-
-
-
137
137
122,522
31,085
31,360
-
118,815
-
3,462
90,412
93,874

Page 14

Notes on the accounts

This year has been challenging year for everyone and we are thankful to all those members who have con�nued to support the work of our church in these strange �mes. In 2019 the PCC set aside £5,000 in Designated Funds towards work on the Vestry and small kitchen. During the course of the year it looked as though we would not be able to meet our Common Fund commitment and our regular outgoings. As a result the PCC decided to return the £5,000 to the Unrestricted Fund our finances.

Page 15

Charitable Giving

Parochial Church Council of St Mary Magdalene's Church, Enfield. Parish Ref: 1828 Financial Statement for the year ended 31 December 2020

Charity Funded by Church Church Direct
The Children's Society Goodbox dona�ons £100
Chris�an Aid Week online dona�ons £249 £0
North Enfeld Food Bank (Harvest collec�on) cheque dona�on £20
Crisis at Christmas (£190 2020) online dona�ons (Part c/o 2019) £228
Mary's Meals Collec�on (Part c/over from 2019) £2,197
The Enfeld Talking Newspaper (Carried over from 2019) £1,011 £0
Totals £3,705 £0
(Carried over to 2021)
Mary's Meals £ 5
Totals £ 5 £0

Page 16