## **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 fundraisin_**R3|**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**
- i) Churches, Churchyards and Vicarages are vested in the Representa�ve Body of the Church of England and are not Parish assets. Movable Church contents (plate, furniture, etc.) are inalienable property and require a faculty for disposal. They are recorded in the Church Terrier log. Many are historic for which no reliable cost basis exists. They are not recognised nor listed on the Statement of Assets and Liabili�es
- ii) Other assets and property, which are retained for or are occupied for Church purposes and which are not investment assets are listed on the Statement of Assets and Liabili�es as non-monetary assets.
- **Liabili�es - amounts owing as of 31 Dec 2020** Unrestricted Designated Restricted Endowment Totals £ **Agency Collec�ons**
|**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.
- P3 We are grateful to everyone who contributed to The Rev’d Dr Gordon Giles leaving gi�.
- L1 Liabili�es: Monies we receive from dona�ons to Chari�es are referred to as Agency Collec�ons where we act as the agent collec�ng on behalf of a par�cular charity. It is general prac�ce to send all monies that have been collected for a specific charity to that charity by the end of year so that we are not owing anything to anyone. This year, due to the late nature of some collec�ons this was not carried out for Mary’s Meals and the London Diocesan assigned fees. The monies carried over were sent at the earliest possible �me in January.
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