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2022-12-31-accounts

THE ECCLESIASTICAL PARISH OF OUR MOST HOLY REDEEMER C L E R K E N WE L L L O N D O N EC1 | ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED DECEMBER 2022

CONTENTS

CHARITY INFORMATION .............................................. 2 ADMINISTRATIVE INFORMATION ............................ 3 MEMBERSHIP OF THE PCC ........................................... 4 THE VICAR’S REPORT ..................................................... 5 CHURCHWARDENS’ REVIEW OF THE YEAR ......... 6 FINANCIAL REPORT ........................................................ 7 SAFEGUARDING REPORT ............................................. 9 MAINTENANCE REPORT ............................................... 9 DEANERY SYNOD REPORT ........................................ 10 MUSIC REPORT ................................................................ 10 THE EXMOUTH MARKET CENTRE REPORT ....... 12 INDEPENDENT EXAMINERS’ REPORT .................. 14

CHARITY INFORMATION

Charity Registration No.:

1133774

Governing Document:

Parochial Church Council Powers Measure (1956) as Amended and Church Representation Rules

Correspondence Address: Fr Christopher Trundle 24 Exmouth Market London EC1R 4QE Independent Examiner: Bruce Embleton Faith In Finance Limited 8 Old James Street Nunhead London SE15 3TS Bankers: Metro Bank One Southampton Row London WC1B 5HA

Cooperative Bank plc PO Box 25 Skelmersdale WN8 6WT

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ADMINISTRATIVE INFORMATION

Holy Redeemer is situated in Exmouth Market, Clerkenwell.

It is part of the Diocese of London, within the Church of England. The correspondence address is The Parish Office, 24 Exmouth Market, London EC1R 4QE.

Structure, governance and management

The Parochial Church Council (“PCC”) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council (Powers) Measure 1956 (as amended). The PCC is a charity registered with the Charity Commission as “The Parochial Church Council of the Ecclesiastical Parish of Our Most Holy Redeemer, Clerkenwell” (Reg. No.1133774).

The method of appointment of PCC members is set out in the Church Representation Rules.

The PCC is made up of six ex officio members and up to nine elected members. There is a Standing Committee of four members that deals with urgent business.

Aims

The PCC has the responsibility of assisting the incumbent in promoting, within the parish, the mission of the church, pastoral, evangelistic, social, and ecumenical. The wider aim of Holy Redeemer is to promote and maintain the Catholic faith within the Church of England, drawing people to the worship of God through Catholic teaching and practice.

Public Benefit

As well as caring for its congregation Holy Redeemer runs the Exmouth Market Centre, which is used throughout the week by a great variety of organisations. The PCC has regard to the Charity Commission’s guidance on public benefit.

Safeguarding Statement

The PCC has complied with the duty under section 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).

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MEMBERSHIP OF THE PCC
Ex Officio Members
Incumbent
The Revd Christopher Trundle SSC
Assistant Clergy
The Revd Aidan Bartlett
The Revd Alexander McGregor SSC
Church Wardens
Edward Dobson
Sonia Watson
Deanery Synod
Representatives
Christopher Burdin (Secretary to the PCC)
Peter Saville
Elected and Co-opted Members
All members were elected at the APCM on 8 May 2022 unless otherwise stated (*).
Gordon Ashworth (Treasurer to the PCC)
Mary Robson
Heather James
Freda Weatherstone

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THE VICAR’S REPORT

‘ They devoted themselves to the apostles' teaching and fellowship, to the breaking of bread, and the prayers...And the Lord added to their number day by day those who were being saved .’ Acts 2. 42, 47

During Eastertide, there is a real sense of expectation. As we read through the Acts of the Apostles in the first reading at Mass we hear of the working of miracles by the apostles, and it is clear that the presence of the Holy Spirit gives the early church a sense of mission and purpose.

First, the earliest Christians remained faithful to the teachings of the apostles. In other words, they received the truths that Jesus and his disciples preached and accepted them. Second, they remained faithful to their community; that is, they supported everyone, particularly the poor, making sure they lacked nothing. Third, they remained faithful to the breaking of the bread, namely the Mass. Lastly, they were united in prayer; the church can only be alive if she receives the life of God, and these days of Easter are a wonderful opportunity to ponder what is necessary and vital for our Christian belonging.

Over the last year we have seen continued growth in faith and number, especially among our children (a particular joy, given the smaller numbers we’ve seen in recent years). This is made all the more remarkable given the depleted attendance statistics many churches are seeing post-pandemic. Furthermore, two evening outreach events in November and February saw more than three hundred new-comers welcomed into church. I sense that we are only just beginning to grasp the immense opportunities our location and our catholic tradition offer for evangelism and mission. There will, I'm sure, be more to come.

I am pleased to say that we have successfully raised some £95,000 for the rewiring and relighting of the church over the last year, and we expect this much-needed work to go ahead in the coming year. Another useful development has been a Cloudesley-funded access audit of our site, which will inform the PCC's deliberations about what building development work might be next.

In addition to our responsibilities here and at S. Mark’s Fr Aidan and I were licenced to serve the parish of Holy Trinity, Hoxton last June. Fr Aidan has day-today responsibility for the ministry of that parish, and I realise that this has meant that you do not see as much of him, or that we often appear together. It is important for us to acknowledge the decline in church attendance nationally, and the need to support other parishes where possible from our position of relative strength. We expect Fr Aidan and Elizabeth to move into the Vicarage in Hoxton this summer.

I would like to pay tribute to Fr Alex, who has served on our clergy team since 2015, and leaves us to continue his priestly ministry nearer home in Oxford. Fr Alex has exhibited real faithfulness in prayer, intelligent preaching, and dignified celebration of the Mass; he has been a great support to me, and has

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given valuable and wise advice behind the scenes. I should point too to his significant responsibilities in the wider church as head of the Church of England’s legal office. Thank you, Father.

There are, of course, many more to thank, whose dedication and commitment support our common life: the Churchwardens (more on Edward Dobson in a moment), PCC members, servers, Thomas and Daniel in the music department, Janette, those who lead our ministry of hospitality, and numerous others. I recognise the time and effort which you put in, and I am deeply grateful for it. Particular thanks go to Edward, who completes seven years as Churchwarden of the parish at this APCM. He has spearheaded a number of projects, not least the design and installation of the Offertory Box; since November 2019 it has taken nearly £16,000 in card donations, to say nothing of the cash donations. I am pleased that Edward will continue to oversee the expert conduct of our liturgy for which we are so well-known. I also would like to thank Kit Burdin, who steps down as PCC Secretary and Deanery Synod Representative; his significant work in the former role has underpinned the PCC’s good governance (not least the compiling of this attractive document each year).

It is a privilege to serve here as your Parish Priest, and to share with you in the life and ministry of the Church. To my surprise, I approach the tenth anniversary of my arrival this coming November, and ask you to pray for me as I pray for you.

Fr Christopher Trundle

Vicar

CHURCHWARDENS’ REVIEW OF THE YEAR

Electoral Roll

As at the Annual Parochial Church Meeting there were 93 parishioners on the Church Electoral Roll.

PCC Meetings

The PCC met six times during the course of the year. It monitored the finances of the parish, oversaw expenditure, and dealt with matters connected with the maintenance of the church buildings.

The liturgical year began in usual fashion with the carol service for the great feast of Epiphany. On 2 March Ash Wednesday was marked with a beautiful Solemn Mass.

Holy week and the sacred Triduum were celebrated once again with dignity and a renewed fervour,

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being totally free from the liturgical restrictions of the last two years. I wish to make special mention of the servers who work tirelessly during the whole week.

It was a special joy to welcome the Archdeacon of Hampstead, the Venerable John Hawkins, to preach on Holy Redeemer Day. His sermon – on the crazy love of Jesus – was a wonderful marker to spell the end of pandemic sadness. This year also saw the return of the outdoor procession of the Blessed Sacrament through the market and was a great sign of Christian witness.

As summer turned to autumn the church observed All Saints’ Day and All Souls’ Day, for many the most beautiful liturgies of the year.

On 16th December the parish once again held a hugely successful outdoor carol service attended by many, including numerous passers-by on the market.

As the year drew to a close, Midnight Mass on Christmas Eve was celebrated, with the return of the traditional carol singing.

Holy Redeemer is a holy place. A parish served by clergy and laity who place worship in word and sacrament at the centre of their lives. There is much to love about the church – the scale and shadow of the building, the location on the bustling market, the awe of the baldacchino, the way the voices of our choir resonate in the wide-open spaces. It has been a huge privilege to serve as Churchwarden for the last 6 years. Whenever I enter Holy Redeemer it never ceases to amaze me that a church such as this exists in England. It is a place where we come to encounter God and become lost in wonder, love and praise!

Edward Dobson

Churchwarden & Parish Clerk

FINANCIAL REPORT

Our accounts show that for the year ended 31 December 2022 we generated a surplus of income over expenditure of £40,629, which compares with a surplus of £4,189 in 2021. As at 31st December 2022 the PCC held £120,886 in net assets (2021: £80,258), which includes cash at bank and in hand of £143,333 (2021: £48,330). The increase in cash is represented by deferred income received ahead of the New Lighting project planned for 2023. During the year the major works programme to repair the Institute Building roof completed and all remaining costs were disbursed, and income received. Net assets are represented by 7 funds:

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Our income amounted to £152,823 for the year ended 31 December 2022 compared with £507,953 for the corresponding period in 2021. This decrease is explained by the reduction in grants from Historic England and other donors following the substantial completion of the project to restore the Institute Building roof. All remaining anticipated income and expenditure for this project were accrued for at the 31 December 2021 year end.

With the exception of costs relating to the refurbishment of the roof of the Institute Building, costs remained broadly level. We were able to increase the Common Fund contribution to £24,000 from £21,716 in 2021. Understandingly, given current events, utility costs increased to £7,443 from £4,879 in 2021. Overall expenditure amounted to £112,485 (2021: £503,899).

In the circumstances the outcome for the year was very satisfactory. We have recorded a surplus, set aside monies for the lighting project and finished the year with strong cash balances.

Gordon Ashworth

Treasurer

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SAFEGUARDING REPORT

The Safeguarding Officer has confirmed that the Safeguarding Statement above is correct. She has nothing further to report.

Heather James

Safeguarding Officer

MAINTENANCE REPORT

The following works were undertaken in 2022:

Janette Pountain

Administrator

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DEANERY SYNOD REPORT

The Islington Deanery Synod has continued its work with in-person meetings restored after the Covid19 pandemic. Much of this work has been quietly uncontentious, including the regular appointments to trustee roles under Synod’s influence. A notable exception was an attempt to get a motion to the floor of the Lambeth Conference demanding the Church’s investment fund completely disinvest from fossil fuels. Although this motion passed, its tabling only a matter of weeks from the conference meant it was an ambitious request which has not been repeated in subsequent synods.

Looking forward to the 2023/2024 sessions, items have already been tabled on Catholic mission. This item offers an opportunity to showcase the best of our tradition to our neighbouring partners in the Gospel and to speak of the great joy to be found in the fullness of our Catholic faith.

Christopher Burdin and Peter Saville

Deanery Synod Representatives

MUSIC REPORT

The Director of Music is pleased to be able to report on a year of music free of the Covid-era shackles. It was a period during which new patterns became embedded and significant musical relationships deepened. Daniel Gethin’s role as Director of Choral Music has blossomed and he is to be congratulated on his work which includes identifying appropriate choral repertoire, recruiting talented singers and directing them to give the wonderful interpretations we have enjoyed throughout the year. He has delivered all this with aplomb and in a collaborative spirit. At the very least the Director of Music is glad to be free of the terrible problem of the dreaded Saturday night – or even Sunday breakfast-time – text from a suddenly-indisposed singer and the frantic search for an alternative that this triggers! Thankfully Daniel is able to face such challenges with grace and creativity.

Daniel’s focus is on the first Sunday of each month, the great services of the Triduum and Easter, Holy Redeemer Day and Christmas and Epiphany. Those various liturgies were enhanced during 2022 by music centring on the Renaissance polyphony – always rightly the core of choral music in a church such as ours – complemented by glorious adventures into

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classics of the English tradition, Twentieth Century France (Poulenc’s Christmastide Motets), the classical era and, for Holy Redeemer Day, Seventeenth Century Mexico. It’s a remarkable feat to perform with accomplishment such a wide variety of styles. This report is a good moment to pay tribute to the excellent singers who have sung for us over the year.

Other choirs, often through a helpful quid pro quo resulting from rehearsing in the church, have also provided vital service during the year, including Happenstance (directed by Matthew Swann) and VOCE. During 2022 Alice Beverley (a frequent visitor as a solo singer) brought her own choral group for the All Souls Requiem and gave a memorable account of the Victoria Requiem .

On Sunday mornings solo singers are recruited as Cantors. It has been a pleasure to accompany many wonderful voices, some of whom are forging what will hopefully be important vocal careers. The Director of Music’s primary interest in music is accompanying solo singers and he has appreciated the near-weekly chance to develop his skills in this regard.

Palm Sunday, Holy Redeemer and Carols in the Courtyard again brought chances for brass players to join us. Thanks are due to David McQueen who is our brass ‘fixer’ and responsible for finding players who are up for the difficult and draining job (if one isn’t a military musician) of playing a brass instrument whilst walking.

The skilful attentions of Mander Organ Builders have helped to somehow keep our venerable and vulnerable organ alive for yet another year. It has to be stressed that this instrument is many years overdue from major refurbishment. Whilst seemingly indestructible its defects are rather exposed by a full programme of choral music. It remains a hugely enjoyable instrument to play and the Director of Music is thankful for the many chances provided during the year to perform organ music for appreciative listeners. In this, and in the continued and unstinting support of the congregation and the clergy, the Director of Music is greatly blessed.

Thomas Kell

Organist

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THE EXMOUTH MARKET CENTRE REPORT

With all restrictions removed, the hall bookings had returned to normal operation by the beginning of 2022.

The following groups held regular events throughout the year:

Chamber Orchestra

The orchestra hold their regular rehearsals in the hall and usually present their end of term concerts in the church.

City Wind Orchestra

The orchestra hold regular weekly rehearsals in the hall, and termly concerts in church. Tango Classes

The weekly group meets in the hall and the classes continue to be very popular. Private one to one classes are also held in the hall.

Clerkenwell Ballet

A number of classes for children take place once a week and they love being in the space. Perform Drama Group

This is a weekly session for children providing dance/drama and music activities usually ending each term with a showcase to family and friends. Swing Patrol

This monthly event takes place on Sunday evenings. It a swing and jazz dance class and social event. It is very popular and lots of positive comments are regularly received about the venue. French Stand Up Comedy Night

This monthly night is entirely in French. French Improvisation Night

Another French speaking event that has been taking place. Forro Brazilian Dance

This is a weekly night taking place on Saturday evenings. It is a dance class and social night and is a celebration of this partner dance which is becoming more popular in the U.K. The organisers love being in the hall presenting this joyous, lively event. Brazilian Zouk

A Brazilian partner dance that takes place every Friday. The event attracts a regular group of attendees. Sing-a-long children’s music sessions

The twice weekly sessions continues to be extremely popular with up to 300 parents and toddlers attending the groups each week. The Exmouth Market Centre continues to actively support the project.

As part of the London Jazz Festival in November, we hosted a weekend pop-up residency for Istanbul’s famous Nardis Jazz Club. Featuring renowned Turkish musicians, it was a celebration of the Turkish jazz scene, a sell out and a great success.

Ad- Hoc Bookings

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Maintenance/Improvements

Janette Pountain

Administrator and Manager of the Exmouth Market Centre

A note on the connection between the PCC and the Exmouth Market Centre

Te Exmouth Market Centre is a separate company. Its company number 4275476, its registered office is 24 Exmouth Market, London EC1R 4QE and its telephone number is 020 7837 1861. Te Vicar is an ‘ex officio’ director, and the PCC appoints another director, currently vacant. Janette Pountain is the manager of the Exmouth Market Centre.

Te main purpose of the Exmouth Market Centre is to manage the hiring, administration and upkeep of parts of the Institute Building. Any surplus funds may be granted to the PCC as an unrestricted grant. Te accounts for the Exmouth Market Centre are made available alongside the PCC’s accounts at each APCM.

Reserves Policy

Te PCC maintains a reserve policy of £80,000 to maintain its on-going work for 12 months, but notes that the vast majority of its total income (not including irregular grants) derives from regular giving and its related Gif Aid tax recovery, and from the regular use of church premises by other organisations.

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INDEPENDENT EXAMINER'S REPORT The Parochial Church Councd of the Ecdcsi&8tiC21 P￿iSh of Our MrK%t HolyRdeemer, Clttkcnwell is a Rtgisttred Chtity111.33774). The chtiirfs trustees consider that all audit is not iequited for this ￿ar under section 43Ql oFthe ChAtitics Act 1993. In connectioTh my examittati¢)n no mAttcr his c()me to myatterLtiOn which gives mc tea5onable ust to beIieve that in any mÉterial respect the r4uireTnents". la) to keep #ccountittg records its accordance ￿ryth section 41 oEthe 1993 Ac¢ 2nd, (b) to ptepate tcnunts which Accorduith the accounting rccoi& 2nd Comply with thc accountu% r4usrement$ of the 1993 Act have not been met. or to which, itt my opitiion, attention should be drawn ITh OTd¢t to obtsin a PZOFet ut￿etststidIng of the accouttts Éo be reached. Bruce F.mbleton Sc ICPA raith in Finance Litnittd 8 Old James Street IA)ndon SE15 3TS 19 May 2023 14

BALANCE SHEET Note 2022 2021
£ £ £ £
FIXED ASSETS
Tangible Assets 6 18,403 18,403
CURRENT ASSETS
Debtors 7 7,600 65,266
Cash at hand and in bank 143,333 48,330
Accounts Receivable 1,167
152,100 113,596
LIABILITIES FALLING DUE
WITHIN ONE YEAR 8 49,616 43,285
TOTAL ASSETS 120,886 88,714
LIABILITIES FALLING DUE
AFTER ONE YEAR		 8 8,456
120,886 80,258
FUNDS
Restricted 24,684 24,684
Unrestricted 96,202 55,574
120,886 80,258

Approved by the Parochial Church Council on 19 May 2023 and signed on its behalf

Christopher Trundle

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INCOME STATEMENT
Unrestricted Restricted
Total
Note
Funds
Funds
2022
£
£
£
Income & Endowments from:
Donations and Legacies
3.1
34,513
34,513
Charitable activities
3.2
59,470
59,470
Investments
3.3
0
Other income
3.4
60,007
60,007
153,990
0 153,990
EXPENDITURE
Expenditure on:
Fundraising
4.1
500
500
Charitable Expendiuture
4.2
112,861
112,861
113,361
0 113,361
Net movement of Funds
40,629
40,629
Fund Transfers
0
0
Total funds brought forward
80,258
80,258
Total Funds carried forward
120,886
0 120,886		 Total
2021
£
46,963
51,256
23
409,711
507,953
765
502,999
503,764
4,189
0
76,069
80,258

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3.1
3.2
3.3
3.4		 INCOME
Donations and Legacies
Planned giving
Collections (open plate) at all services
Donations, appeals etc
Tax Reclaims
Legacies
Charitable Activities
Institute Lettings
Contribution to Administrator's salary
Contribution to accomodation
Contribution to utilities
Fees
Investments
Bank interest
Other Income
Grants
VAT Recovery
Sundry income
TOTAL INCOME		 Unrestricted Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
13,846
13,846
3,300
9,460
9,460
2,300
3,607
3,607
33,836
1,600
1,600
1,527
6,000
6,000
6,000
34,513
0
34,513
46,963
39,388
39,388
31,638
19,231
19,231
15,070
0
0
3,000
0
0
0
851
851
1,548
59,470
0
59,470
51,256
0
0
23
0
0
0
23
402,504
59,656
59,656
6,378
350
350
829
60,007
0
60,007
409,711
153,990
0 153,990
507,953

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4.1
4.2		 EXPENDITURE
Fundraising costs
Fetes, bazaars and events
Charitable Expenditure
Donations
Common Fund
Administrator salary & pension
Upkeep of services
Music
Magazine & book
Insurance
Heat, light & water
Repairs & maintenance
Church major repairs
Postage, print & stationary
Hall running costs
Parsonage expenses
Other property expense
Support Costs
Support costs
Accountancy
TOTAL Expenditure		 Unrestricted Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
0
0
765
0
0
0
765
1,100
1,100
1,600
24,000
24,000
21,716
30,177
30,177
26,669
9,945
9,945
7,845
19,736
19,736
18,034
0
0
2,674
9,050
9,050
9,946
7,443
7,443
4,879
0
0
1,722
0
0
395,065
2,243
2,243
7,357
0
0
-1,109
3,965
3,965
2,166
4,827
4,827
3,535
0
0
900
112,485
0 112,485
502,999
876
876
900
876
0
876
900
113,361
0 113,361
503,899

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NOTE 5 STAFF COSTS

The clergy are remunerated by the diocese of London to which the Parish make contributions via the Common Fund

Common Fund
Salaries and wages
Pension costs		 2022
£
30,177
0
30,177		 2021
£
25,289
1,380
26,669

No employee received more than £60,000 per annum

NOTE 6 FIXED ASSETS USED BY THE PCC

Land and buildings comprise of the Church, the Clergy House and the Institute. So far as the PCC is aware the Church and Clergy house are consecrated land and the cost thereof is excluded from these financial statements.The Institute building has been assessed at £3,000,000.

Improvements to freehold land
Movable Church furnishings
Accumulated depreciation
7 DEBTORS
Tax reclaim
Accounts Receivable
Miscellaneous
Grants re roof fund		 2022
£
18,403
19,306
-19,306
18,403
£2,022
£
1,600
1,167
6,000
0
8,767		 2021
£
18,403
19,306
-19,306
18,403
£2,021
£
1,600
0
6,000
57,666
65,266

NOTE 7 DEBTORS

NOTE 8 LIABILITIES

AMOUNTS FALLING DUE WITHIN ONE YEAR
Deferred Income
Miscellaneous
Grants re roof fund
AMOUNTS FALLING DUE AFTER ONE YEAR
Roof fund		 2022
£
36,806
12,810
0
49,616
0
0		 2021
£
0
12,810
30,475
43,285
8,456
8,456

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NOTE 9 FUND DETAILS

9a
Movement on Funds
Balance as at 1st January 2022
Net movement in resources
per the SOFA
Transfer between Funds
Balance as at 31st December 2022
9b
Analysis of Net Funds
Fixed Assets
Bank
Other Net Current Assets
Current Liabilities
Non Current Liabilities
Fund
General (Unrestricted)
Restricted
Baldacchino
Organ
Church Major Repairs
Relief
Youth
Junior Church		 Total All
Total All
Unrestricted Designated
Restricted
Funds
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
55,574
24,684
80,258
76,069
40,628
40,628
4,189
96,202
0
24,684
120,886
80,258
Total All
Total All
Unrestricted Designated
Restricted
Funds
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
18,403
18,403
18,403
118,649
24,684
143,333
48,330
8,767
8,767
65,266
-49,616
-49,616
-43,285
0
0
-8,456
96,202
0
24,684
120,886
80,258
1st Jan
Income
Expenditure Transfers 31st December
£
£
£
£
£
55,574
153,990
113,361
0
96,202
12,362
12,362
3,950
3,950
0
0
1,600
1,600
6,739
6,739
33
33
80,258
153,990
113,361
0
120,886

The Balacchino fund consists of money donated for the purposes of the Baldacchino restoration The Curch major repairs fund - roof repair of the institiute building and the north side of the church The organ fund - funds for the provision and maintenance of organs in the church The Relief Fund - funds for youth and education The Youth fund - funds for Youth and education The Junior Church Fund consists of money raised by the Junior Church to support its activities

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