## St Pancras Church ## Annual Report for 2020 ## _Presented at the_ _Annual Parochial Church Meeting_ _23rd May 2021_ ## **St Pancras Church Trustees** ## **Parochial Church Council 2020** **Vicar** Revd Anne Stevens Chair **UCL Chaplain** Revd Charlotte Bradley _until 15/11/20_ **Readers** Michael Ogden Olyve Johnson **Churchwardens** Dorothea Hackman (also Hon Treasurer) Duncan Lamont **Deanery Synod** Dorothea Hackman (2023) Patrick Brough (2023) **Elected** Patrick Brough (2023) John Thomlinson (2022) Jean Hill (2021) Jonathan Lewin (2021) Anne Rouse (2021) Hon PCC Secretary Tony Rouse (2023) Deputy Churchwarden **Ex Officio** Eve Poole General Synod _The years in brackets are when the trustee’s term expires at the APCM._ ## **Contact Details** _Website www.stpancraschurch.org Twitter @StPancrasChurch Tel 020 7388 1461 Email office@stpancraschurch.org Address St Pancras Church, Euston Road, London NW1 2BA_ 2 ## **Introduction** As I write this report, we are conducting a Community Audit to find out how our congregation and local community has been affected by the Covid-19 pandemic. When the results come in, the PCC will discuss the shape of our future ministry, and revise our Mission Action Plan in the light of the needs that are emerging. This is the central vision we will be basing our work around: _Central London is in a state of flux. For the last year the Covid-19 pandemic has filled our hospital wards and emptied our streets and workplaces. We do not know how long the pandemic will last, and we do not yet know how its long-term consequences will begin to reshape the pattern of life in our local community._ _In the midst of this uncertainty, the central truths of the gospel do not change. ‘Jesus Christ is the same, yesterday, today and forever.’ (Hebrews 13.8) St Pancras will continue to be a centre for Christian prayer and worship, and a place where faith can be sought and found. We will continue to pray for our community, and to do all we can to be a sign of God’s love for all people. We will continue to work for the Kingdom that Christ proclaimed, with its emphasis on inclusion, freedom and justice._ _The church, like every other organisation, will need to rethink how it works in a fast-changing world. But this is not a time to be inward looking, focusing only on our own survival. ‘Seek the welfare of the city … for in its welfare you will find your welfare.’ (Jeremiah 29.7) The next few years will be a time of recovery and renewal for everyone. We want to ‘think globally and act locally,’ taking the opportunity to forge new partnerships in the community; to reflect with our friends and neighbours on the changing patterns of city centre life; and to work together in new ways that will improve the quality of life for people in this area and in the wider world._ The Audit was funded with a grant from the Heritage Culture Recovery Fund, one of a number of government grants we received in 2020 (see the Finance report below). These covered our running costs and enabled us to re-open from the beginning of July. We have remained open since then. Public worship has been suspended at various points, but the church has consistently welcomed over 150 visitors a week. Some come to pray. Some come for a Foodbank voucher. Some come for a brief moment of human contact. In recent weeks it has been a joy to resume our services once again and to welcome back the congregation and the choir. Despite our enforced distancing, it feels as though the congregation has grown closer over the last year; and I am particularly grateful for all the support and encouragement I have received. Thank you. As ever, heartfelt thanks go to our Churchwardens Dorothea Hackman & Duncan Lamont, to the PCC, and to our staff especially Miriam Campbell our Parish Manager and our caretakers Alain, Colin and Ronnie who do so much to support the church’s life. Thanks also go to all the members of the congregation who volunteer their help with our services and events. _Revd Anne Stevens, Vicar_ 3 ## **Highlights of 2020** This summary reports on our major services and events in 2020 and on the activities and decisions of the PCC. ## _January – Feb_ - PCC Vision Day - Landscaping work in South Garden - One of the hall heaters replaced ## _March – April_ - Lent Course – Saying Yes to Life - Public worship suspended and church building closed during pandemic lockdown - Twice-weekly bulletin starts - PCC - review of expenditure, investments and staffing ## _May – June_ - The Bible Study group began meeting every week online - Covid-19 Appeal opened - PCC - ongoing review of finances and staffing - PCC - revised our 2020 Common Fund contribution to Diocese - £42,600 (50%) - Bryan Jury left the staff team ## _July – Aug_ - The church re-opened for public worship and private prayer (5 days a week) - Colin Peart joins the team of Caretakers - PCC - authorised caryatid survey - Repairs to tower netting and leadwork on apse roof ## _Sept – Oct_ - Open House Weekend, with c.250 visitors - Held APCM; received 2019 report and elected 2020/21 Churchwardens & PCC members - Jane Bishop and Deseline Djiayep left the staff team - PCC - Health & Safety report received; policy reviewed and approved. - PCC - 2019 draft accounts approved - PCC - agreed to extend electricity supply to South Garden - Miriam Campbell started work as Parish Manager ## _Nov – Dec_ - Civic Service for Remembrance Day in the South Garden - Public worship suspended in November; restored in December - Church remains open 5 days a week throughout - Charlotte Bradley’s term as UCL Chaplain ends - PCC - Safeguarding Policy reviewed and approved. Our annual Safeguarding Audit reviewed our procedures. No incidents were reported this year. - PCC - 2021 budget approved - PCC - authorised new radiators for Parish Office - PCC - authorised Faculty application for ‘Flight’ statue in North Garden - Advent & Christmas Services 4 ## **Electoral Roll Report** The Electoral Roll of the church grew from 77 to 80, 18 of whom live in the parish. ## **PCC Finances 2020** The annual accounts for 2020 have been approved by the Independent Examiner. The PCC recommends that they are adopted by the Annual Parochial Church Meeting. Although our regular income was severely affected by the pandemic, this was offset by grants from the HMRC Covid Job Retention Scheme, the Heritage Emergency Fund and the Heritage Culture Recovery Fund. We also received a generous bequest from the estate of Jennifer Tanner, a former Churchwarden. These all form part of our ‘restricted’ funds, which are only available for specific activities. In September 2020 we launched our Covid-19 Appeal Fund, aiming to raise £20,000. So far we have raised £4135 in one-off donations, and regular giving commitments that will total £3540 per annum. If we are to expand our range of services and activities again, our financial situation will need to improve. There are early signs that our bookings are picking up, but much will depend on how well the area as a whole comes back to life. The PCC will continue to monitor the situation closely and will provide regular updates for church members. ## **Deanery Synod 2020** In 2020 the Deanery of Camden was formed, merging the previous deaneries of North and South Camden. Owing to the pandemic, the Deanery Synod was unable to meet in 2020. An online meeting is planned for 25 May 2021. 5 St Paneras Parochlal Church Council CbArlty No. 1133802 Statement of Financial Aetlvities and Bglance Sbeet as at 31 Deeember 2020 Indapendent examlner's report to the trustees of St Pancras Parochial Church Councll I report to the trustees on my examinat￿ of Ihe *xx+unts ol the St Pancras Parochial Church Council, charity no. 1133802 Ithe Trust) for the year end&J 31st t)ecembeT 2020. A8 the eharity trusteos of the TTUSt you are responsible for the preparalion of th8 accounts accordanc* with the fequiiements of Ih8 Charities kt 2011 ('the l*Y). l Teport in respect of my examinat￿1 ol Ihe Trusts ￿OUnts Carr￿ out under sectson 14S of the 2011 Act and in carrying out my examfjnat￿n I have folkjwed all Ihe aprdicabla Oirection8 givon by th8 Charity comrn1￿￿n undpr seclion 14S(S1{b) of the kt The procedures do not provide all the evidence that would be requirwj in ￿ audrf( and Ihgrgfore I do not express an audit OpIn￿n on the given by the accounts. I have COmp￿ted my examinatoon. l ￿nfIrM th* no nthria mattern hav• c(¥n8 to my attent￿n in nnect￿n wrth thè oxaminabon gi¥Jng me cwse to believe tho1 in any material resP￿t.. 1. accounting rècord6 w•re not kept in re8P•Ct of Ihe Trust as wequired by 8ocb.on 130 of th• Actr, or 2. the a￿unt6 do not aecord with those r8¢ords.' or 3. the accounts do not cornpty ￿lti the applicable rewiremants conceming the fomi and ¢ontent of aecounts 58t out in the Chariti98 {Accounts and R8port81 ReguiatKins 2008 other than any rdquir6ment that the a'tiue and fair view wh￿h is nol a matter consbjered as part of an independent examination. I have no corKems have 1￿m6 no other matter5 in oJnr*ection wlth the 8xam¥natkin to which attenb'on Should be drawn In this report in order to gnats￿ a proper undef518nding of thé accounts lo be f8ached. ClaLfdia Trettenbroin 126 81urton Road Londen E5 ONH 07105112021 St Pancra5 Church St Pancras Church is a Church of Eng]and Parish Church and a Registered ChaTity (No. 1133802). The postal address is St Pancra3 Euston Roa￿ London NWI 2BA. The website is www.stiAincrtLschwch.o The Par￿bla1 Church Councll (PCC) The PCC of St Pancras CbU￿h fimctions in a(wthce with the ChU￿h R¢pr¢s￿tstion Rules. Its members reL%ive no remuneration. PCC Members in 2020 Revd Anne Stevens Revd Charlotte Bradley Doroth¢a Hackman Duncan Lamont Patrick Brough Miriam Campbell William Edgill Jean Hill Olyve Johnson Jonathan Lcwin Michael Ogden Eve Poole Anne Rouse Tony Rouse John Thomlinson Vicar & PCC Cbair UCL Chaplain Church warde￿ PCC Lay Chalr & Treasurer Church Warden Deanery Synod Rep Deputy Churchwarden Deanery Synod Rep t4rUil 15111/20 from 18/10/20 until 5/10/20 until J8/10/20 Reader Reader General Synod Memb Secretary Deputy Churchwarden Independent Examlner C]audia Trettenbrein Trn$tttsl Report The Trustees present their annual report togth with the financial slalements of the charity for th¢ l January 2020 to 31 Del￿nber 2020. Strnetur& Governanee and Management The Parish of St Panrn is a parish within the Church of England ￿ defin￿ by canon law. Individual parishes do not have a separate constitution. They work within the fratnewoTk of Church of England ecclesiastical law. The Parochial Church Council is a cor￿)rate body established by the Church of England and operates under the Parochial Church Cowicil (Powers) Measure 1956. The St Pancras PCC consists of six elected members in accordance with Church of England Representation Rules together with two Deanery s￿0d representatives, two ChurchwaTdens, and the parish's clergy and lay rninisters. The pay and remuneration of the church's staff is set by the pcc. The PCC h&8 reviewed the operational and financial risks fac￿1 by the organisation and is satisfied that appropTiat¢ pro¢￿Ur¢S and controls arc in plac¢ to mitigat¢ th¢ impact of thos¢ risk5. Charitable Staths and public benefit The PCC has considered the Charity Conllnission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religjon and is S￿iSfied that the activities of St Phncras Church fall within such guidance. Governance and IDt¢rnal Control The PCC is responsible for the finances of the Cburcm the production and implementstion of statutory wlicies, and the general oversight and management of the Church and its activities. The PCC delegates th¢ day-to-day TuDning of the Church to the Church's officers and staff, allowing them to focus on vision and oversight. The PCC I￿$ C￿nSid￿￿ financial govemance issues in the year and hL8 in place a set of authorisation limits and dual signatory systems under which the PCC'S officers authorize expenditure. Management accounts are produced on a monthly basis to enable the PCC to monitor the financial wsition of the church. Objeetlves St Pancras Church stands on one of the busiest crossroads in Central tA)ndon opposite Euston Station. Built in 1822, it is a Grdde l Listed Buildin& an early and importani example of Greek Revival archIt￿ture. Its parish covers one of the wealthiest areas of London (Bloomsbury) and one of the poorest {Somers Town). As a Church of England parish church it acts as a centre for Christian worship and aucation, and as a focus of civiq (￿MMunIty end life in the Borough of Camden. The PCC generates funding for the upkeep and work of the churc& and employs staff lo manage and maintain its seven4lay-a-week ministy. It is responsible for safeguardin8 the assets of the church and generales income by voluntary collections, donations, and letting out the churd4 hall and grounds for community use. Review of Activities The full PCC rnet six tima8 during the year. mostly by viden conference because of the Coiid-19 pandemi¢. Ov¢r the course of the year the PCC Conduct￿ a review of financ¢, stsffing and pay• implement¢d Covid-safe ways of working in the church and hall" reviewed and approved our Hulth & Saf¢ty and Saf¢guarding FK)licics and procdur¢s' and commissionoj various building works. These included repairs to the apse ILMdwork and tower nettin& a new heater in the hall. landscaping work in the church garden, new radiators in the Parish Offiffj and an upgrade of th¢ electrical supply to the ￿t and south garden. The PCC also Commission￿ a Community Audit for 2021 to identify how the local community was changing in the pandemic. Reserves Polky Monies are set aside for sp￿lfi¢ pUr￿9¢S into restricted and designat￿ funds. The purpose of holding a reserve as the General Purposes Fund is to omble the Church to cope with variations in its cash flow and to provide a fund of money should its income drop unexpectally. Currently the Church receives Ancome from its services, charitable activities, and letting out its premises. There are expenses pertaining to th￿¢ activities and the net incoTne is taken into the General Purp)ses Fund. It has been consider￿1 that a reasonable atnount to be held in the General Purposes Fund is at least £40,0￿, which quates approximately to four months of General Fund expenditure on church activities, and meets Charity Commission recommendations. Free reserves a5 defined by the Clwity cOrnn￿810n amounted to £188,468 at the Balance Sheet date. The PCC CA)ntinues to make efforts to keep free res¢rves in line with the Stat￿ p)li¢y. Results for the Year Net movcment in funds for the year amount&1 to a profit of £174,081. Although our re8ular income w&8 s¢ver¢ly affected by the pand¢mi4 this was offset by grants from the HMRC Covid Job R¢t¢ntion Scb¢me, th¢ Heritage Em¢rg¢ncy Fund and the H¢ritage Culture Recovery Fund. We receiv￿ a gfflerous btyuest from the estate of Jennifer Tanner, a former Churchwarden. Tolal assets carried forward arnountaj to £542,167 compa￿1 to £386,086 in 2019. Within this total, 8trict&J funds amounted to £310.029 and unrestsict&l funds amountul to £232,138. Statenjellt of the Paroehlal Chureb Counell'$ finandal responilbfilltkg Law applicable to Chariti￿ in En8land and Wa1&8 and guidance issuuj by the Centra] Board of Finance of the Cburch of England require the mctnbcr5 of the Parochial Church Council to prepare financial statem¢nts which giv¢ a tru¢ and fair view of th¢ Paro¢hial Chwch Council's activities during the year. Tn preparing financial statements giving a true and fair view. the members of the Parochial Church Council Should follow best practice and i) select suitable acwunting poli¢ie8 and then apply them wnsistentlyi ii) mak¢ judgm¢nts and ¢stimatu that ar¢ r¢asonabl¢ and prud¢nt; iii) state whether the Church guidance, applicable ttccounting standard8 and statements of recommended practice hav¢ been followd, subject to any material d¢partur¢s disclosed and explained in the financial statements; iv) prep8re the financial ststcments on the going eonccrn basis unless it is inappro￿1ate to presume that the Parochial Church Council will continue in operation. The Members of the Parochial Chw¢h Council ar¢ r¢swnsible for kcq)ing acwunting r¢¢ords whith disclose with reasonable accuracy at any time the financial p)sition of the Parochial Church Council and enable them to ensure thai their financial statements comply with the Church ALwunting Regulations 2006 and the Chariti&8 Act 2011. They are also restK)nsible for safeguaTding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other iTrcgul8Titie5. This draft report wa5 agreed by the TnLStees for presentation to the Annual Meetin& on 23 May 2021 and 8i8ncd on their bchajf by: CLI Revd Anne Stevens Viw of St Pancr&8 Churth TT¢asur¢r of St Pancras Church St Pancra8 1704 Euston Road stst¢ment of Flnan¢lal Acllvhles For tho period from 01 January 2020 to 31 Docember 2020 y￿91A8 4152￿.73 323,7f4.74 S.143S% 1410428 467,IMIAtI W62174 213.1rLI.10 214ICQ.1D 6S&3795 4,WJID I55￿1 71916M8 4AX)J)) 11031A7 17W1JJ4 (14M2WI 1￿7&0) IIA7&MI ¢>lnBan 174C41JM 11412&MI 317￿1￿• 50,11420 J••m19 JBI,71IJ2 2Ji131.1• 310￿9￿4 31M212f120 3111W2019 Flx•d ass•ts T•vJWf••* 8.415ffi A15.e4 361,415.fj6 Curr•nt a•Mts ca&hAB•*￿ 188P79.14 15.75921 7zn 1M468.07 21.632.04 Uablllll•• .78 18,121.24 1&121.24 14.953. N•¢ ¢yrr•nt ux•ts l•u ¢urr•nt I1￿11￿* 1n.$1421 J,S10. Tot•1 l••• curr•nt ltsbllNI•s 541,•29.95 371,•28.48 Uthllhl•* r237*1 1237.28) 3A4027 3.810.27 542.167.23 3•8.0￿14 R•pr•••nt•d by Unr•4trlGt•d 232.131.71 317A7131 D••l9n*t•d R••trl¢t•d 43M16 27￿.7? 5.SI326 13.570fj8 162243S9 8,51942 541167.23 8876￿8 4D1721 S￿19￿2 361.08J.19 Fund• of th• ¢hur¢h 11 W IQ1 I&) wnl P4r1141 As at 31 D•cgnthr2020 Cl•M •nd nomln•l ¢od• G•n•r•l IUnr••trl¢t•d) D••lon•tsd R••trkl•d Endomhwnt T¢rtal LM•t Jvor Flx•d *•vt. T•ngllM• •w•l• 92A) 7XJ YJ11..MFI 36m733 WC4733 073fjn 8,415AI T•tsl . 388,41SA• 368,415.66 Curr•nt *A••t. Cll•h A 8ank *JMI In HAnd .171MI A184N 178￿.78 I13￿• 11Q(OJml 5BmJ6 Z110AO P.110JOI 1118 1110A50.r2) 411•4￿ 2￿)5 34.745A7 On2 1116D)I 28,75653 9ZT22 3￿16.07 eA87.94 4011.. Fknlls*ttMt&rdffj8451 401?. k4JilcFe¥bWknrwl&r*•SZO 1118ml 2,141.12 4018.. 71￿0? 18TA82.751 ZJ.1t*.14 118J99J2) 4.D70Ikl 118K67Jg1 15fy) 1111.070.MI 76 4111.. CJXAWThJm* 4112.'C£IAC*rttt* H*• 8,1Tr.70 1,75%40 17247A1 1>7 118.Q71.14 1J.7fj•J1 Totsl JO414•.04 ¢4rr•nt knt- D•bior• (W1JJn 10m 4￿.c 12Eal.( 318.73 Totsl 14wJm) 9,28•.00 388.93 4872.7J U•blllty. Cr•dNor•: lfflounf• f•llng du• •ft•r nwx• than ¢Jn• p•r (237281 12r261 P37281 1237281 3,844.27 3W27 Totsl U•bIl￿. Cr•dllw•: knunf• F•llno ,7NJ.78 34,30127 .12 1142 04fkS.Whllrg 3.4CQ.C 4S2Ag5.73 327,12174 In¢•D￿n9 r••our¢•• fr•m g•n•rthd lund• Total• 1•3,$0425 258*91A8 In¢•n￿nY r••ourc•¥ from¢h•r*•bl• athill•• In¢onln9 r•¥ourc•• fromtharltabl• acllvMl•• Tol•l• Oth•r Incornlnq v••ourv• C¢1Q.(aptdv¥Bft￿&•1afvJ Teurn&J 14O)rnI Zgyj 5J336 Oth•r Incorthng w••ourG•s Tot* (400.001 $43.J6 S.143.36 2.100.00 193.10425 . 457,639JJ9 329,623.74 (I Plai 11214.'18 1 Lf 3. Total fj•n•rnl D•¥ign•t•d R••trirt•d Endo*Tnwnt Thkry >••r L•Jt ￿•T o•t of 9•n•r•llng fvnd• I812.￿￿ry*Vd 12￿31￿7 11031.07 Co81 of q•n•r•llny fvnd• T4*•1• Cthartt•bl• xtlvttl•• 1103.13wAs bMwkF 84m).(¢ &Iffi)￿) ￿￿).￿} 744B5 1203.¢JW'n*d 1201.￿¢£41S 1201-C•¥Jr 1202.CMrC#*cdo 4131C 9,132D) 21,501.fra 451122 76JY) 4511Z 75£<) 1,681.C 229)J 2983.44 218A9 1fL) 1304.LC0￿c￿IX 1307.F*th & 1X1-M¥81￿ &Mrlsty ¥)J 211￿￿6 1￿.10 1410.AlwlthwthSmk•l 1411.Ftrrt 141?.Fr￿k 1S10-C*rtxth&i 1511.C*LrthB• 1612.C*Lrthkn6ur 1513.￿￿1￿ 1514.thJthCl••N 1515.¢)Mffth(*rd 1516.(knhCb) 1517.C¥MrthbJlldr4lknrY• 132350 2M8A4 1688A4 S￿(022 4M*A2 7.573.12 17,101J8 191ffj9 17.10158 191 879.71 3.016.14 3.827.15 28￿j3 $0.355fi7 12J12)) 4￿0.75 i.n&48 11312>) 4.540.75 1,rnA8 7ceAI 1￿2.Tj 7¥).10 I341￿* la￿Al I964AI 11092.14 13,13489 242A4 1,135J5 I.9)2￿0 1612-trts1 1613-HaI￿r 1614-￿1 1615-Hall le18_H￿l FI* .10 2J419) 7.M5.49 IW.41 1817-Hall Pe8lCWC 33 147928 7&1.40 1810.*￿91 11 X1214..18 2013 Tolal G•n•r41 O•¥ign•t•d R•¥tri¢*•d Endowrn•nt Thi• y•*r Last l811.s￿.d ￿k￿r¥JV*jkR￿jtl￿hrnrt 183).RryW Trwt 1O17.PanWw4•￿ F￿rth 104ts4 174N ¢h•rltabh *¢tl¥l¢l•• Total• 213.100.10 213.100.10 254201.96 fjov•rn•n¢• ¢o•ts 131l.S•nt•￿i￿rèV¥ l￿-S￿7￿nI 1712.Pthl 1715.Irf*l8giP810 16107 1910.saff Wqs wrfJf• 1911.Ptydl E¥ 1•12.No#PayQ￿tyd￿￿ 1913.SrfPtrdtr• 38345D¢ 38345M4 91974.eo 2.791A6 s￿A4 7JAE17 2,TrIA6 s￿A4 7fft5.17 3,Wg 1fi1029 4W2 1916.(Alc• Ew I918.T￿￿￿Ir￿f•* 1921. R*￿typty 1￿1.￿EsT￿l￿e 10.7e8th 24.76 Oov•rn•n¢• ￿81* Tot•l• .837. 15.837.95 71,91&88 Oth•r r•wJru• uMd 19Y).&*prnwTrJM¥pr• oth•r r•w¥Jrc•• umd Tol•lB 4,12Q.QO 4.620.00 9,098.86 Grand tala ?78￿38 4.620 . 281558J)5 348,249.37 {1 2)214.'18Fm> Py3d3 Illl¥ll St Paneras Parochlal Church Council CbArlty No. 1133802 Statement of Financial Aetlvities and Bglance Sbeet as at 31 Deeember 2020 Indapendent examlner's report to the trustees of St Pancras Parochial Church Councll I report to the trustees on my examinat￿ of Ihe *xx+unts ol the St Pancras Parochial Church Council, charity no. 1133802 Ithe Trust) for the year end&J 31st t)ecembeT 2020. A8 the eharity trusteos of the TTUSt you are responsible for the preparalion of th8 accounts accordanc* with the fequiiements of Ih8 Charities kt 2011 ('the l*Y). l Teport in respect of my examinat￿1 ol Ihe Trusts ￿OUnts Carr￿ out under sectson 14S of the 2011 Act and in carrying out my examfjnat￿n I have folkjwed all Ihe aprdicabla Oirection8 givon by th8 Charity comrn1￿￿n undpr seclion 14S(S1{b) of the kt The procedures do not provide all the evidence that would be requirwj in ￿ audrf( and Ihgrgfore I do not express an audit OpIn￿n on the given by the accounts. I have COmp￿ted my examinatoon. l ￿nfIrM th* no nthria mattern hav• c(¥n8 to my attent￿n in nnect￿n wrth thè oxaminabon gi¥Jng me cwse to believe tho1 in any material resP￿t.. 1. accounting rècord6 w•re not kept in re8P•Ct of Ihe Trust as wequired by 8ocb.on 130 of th• Actr, or 2. the a￿unt6 do not aecord with those r8¢ords.' or 3. the accounts do not cornpty ￿lti the applicable rewiremants conceming the fomi and ¢ontent of aecounts 58t out in the Chariti98 {Accounts and R8port81 ReguiatKins 2008 other than any rdquir6ment that the a'tiue and fair view wh￿h is nol a matter consbjered as part of an independent examination. I have no corKems have 1￿m6 no other matter5 in oJnr*ection wlth the 8xam¥natkin to which attenb'on Should be drawn In this report in order to gnats￿ a proper undef518nding of thé accounts lo be f8ached. ClaLfdia Trettenbroin 126 81urton Road Londen E5 ONH 07105112021 St Pancra5 Church St Pancras Church is a Church of Eng]and Parish Church and a Registered ChaTity (No. 1133802). The postal address is St Pancra3 Euston Roa￿ London NWI 2BA. The website is www.stiAincrtLschwch.o The Par￿bla1 Church Councll (PCC) The PCC of St Pancras CbU￿h fimctions in a(wthce with the ChU￿h R¢pr¢s￿tstion Rules. Its members reL%ive no remuneration. PCC Members in 2020 Revd Anne Stevens Revd Charlotte Bradley Doroth¢a Hackman Duncan Lamont Patrick Brough Miriam Campbell William Edgill Jean Hill Olyve Johnson Jonathan Lcwin Michael Ogden Eve Poole Anne Rouse Tony Rouse John Thomlinson Vicar & PCC Cbair UCL Chaplain Church warde￿ PCC Lay Chalr & Treasurer Church Warden Deanery Synod Rep Deputy Churchwarden Deanery Synod Rep t4rUil 15111/20 from 18/10/20 until 5/10/20 until J8/10/20 Reader Reader General Synod Memb Secretary Deputy Churchwarden Independent Examlner C]audia Trettenbrein Trn$tttsl Report The Trustees present their annual report togth with the financial slalements of the charity for th¢ l January 2020 to 31 Del￿nber 2020. Strnetur& Governanee and Management The Parish of St Panrn is a parish within the Church of England ￿ defin￿ by canon law. Individual parishes do not have a separate constitution. They work within the fratnewoTk of Church of England ecclesiastical law. The Parochial Church Council is a cor￿)rate body established by the Church of England and operates under the Parochial Church Cowicil (Powers) Measure 1956. The St Pancras PCC consists of six elected members in accordance with Church of England Representation Rules together with two Deanery s￿0d representatives, two ChurchwaTdens, and the parish's clergy and lay rninisters. The pay and remuneration of the church's staff is set by the pcc. The PCC h&8 reviewed the operational and financial risks fac￿1 by the organisation and is satisfied that appropTiat¢ pro¢￿Ur¢S and controls arc in plac¢ to mitigat¢ th¢ impact of thos¢ risk5. Charitable Staths and public benefit The PCC has considered the Charity Conllnission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religjon and is S￿iSfied that the activities of St Phncras Church fall within such guidance. Governance and IDt¢rnal Control The PCC is responsible for the finances of the Cburcm the production and implementstion of statutory wlicies, and the general oversight and management of the Church and its activities. The PCC delegates th¢ day-to-day TuDning of the Church to the Church's officers and staff, allowing them to focus on vision and oversight. The PCC I￿$ C￿nSid￿￿ financial govemance issues in the year and hL8 in place a set of authorisation limits and dual signatory systems under which the PCC'S officers authorize expenditure. Management accounts are produced on a monthly basis to enable the PCC to monitor the financial wsition of the church. Objeetlves St Pancras Church stands on one of the busiest crossroads in Central tA)ndon opposite Euston Station. Built in 1822, it is a Grdde l Listed Buildin& an early and importani example of Greek Revival archIt￿ture. Its parish covers one of the wealthiest areas of London (Bloomsbury) and one of the poorest {Somers Town). As a Church of England parish church it acts as a centre for Christian worship and aucation, and as a focus of civiq (￿MMunIty end life in the Borough of Camden. The PCC generates funding for the upkeep and work of the churc& and employs staff lo manage and maintain its seven4lay-a-week ministy. It is responsible for safeguardin8 the assets of the church and generales income by voluntary collections, donations, and letting out the churd4 hall and grounds for community use. Review of Activities The full PCC rnet six tima8 during the year. mostly by viden conference because of the Coiid-19 pandemi¢. Ov¢r the course of the year the PCC Conduct￿ a review of financ¢, stsffing and pay• implement¢d Covid-safe ways of working in the church and hall" reviewed and approved our Hulth & Saf¢ty and Saf¢guarding FK)licics and procdur¢s' and commissionoj various building works. These included repairs to the apse ILMdwork and tower nettin& a new heater in the hall. landscaping work in the church garden, new radiators in the Parish Offiffj and an upgrade of th¢ electrical supply to the ￿t and south garden. The PCC also Commission￿ a Community Audit for 2021 to identify how the local community was changing in the pandemic. Reserves Polky Monies are set aside for sp￿lfi¢ pUr￿9¢S into restricted and designat￿ funds. The purpose of holding a reserve as the General Purposes Fund is to omble the Church to cope with variations in its cash flow and to provide a fund of money should its income drop unexpectally. Currently the Church receives Ancome from its services, charitable activities, and letting out its premises. There are expenses pertaining to th￿¢ activities and the net incoTne is taken into the General Purp)ses Fund. It has been consider￿1 that a reasonable atnount to be held in the General Purposes Fund is at least £40,0￿, which quates approximately to four months of General Fund expenditure on church activities, and meets Charity Commission recommendations. Free reserves a5 defined by the Clwity cOrnn￿810n amounted to £188,468 at the Balance Sheet date. The PCC CA)ntinues to make efforts to keep free res¢rves in line with the Stat￿ p)li¢y. Results for the Year Net movcment in funds for the year amount&1 to a profit of £174,081. Although our re8ular income w&8 s¢ver¢ly affected by the pand¢mi4 this was offset by grants from the HMRC Covid Job R¢t¢ntion Scb¢me, th¢ Heritage Em¢rg¢ncy Fund and the H¢ritage Culture Recovery Fund. We receiv￿ a gfflerous btyuest from the estate of Jennifer Tanner, a former Churchwarden. Tolal assets carried forward arnountaj to £542,167 compa￿1 to £386,086 in 2019. Within this total, 8trict&J funds amounted to £310.029 and unrestsict&l funds amountul to £232,138. Statenjellt of the Paroehlal Chureb Counell'$ finandal responilbfilltkg Law applicable to Chariti￿ in En8land and Wa1&8 and guidance issuuj by the Centra] Board of Finance of the Cburch of England require the mctnbcr5 of the Parochial Church Council to prepare financial statem¢nts which giv¢ a tru¢ and fair view of th¢ Paro¢hial Chwch Council's activities during the year. Tn preparing financial statements giving a true and fair view. the members of the Parochial Church Council Should follow best practice and i) select suitable acwunting poli¢ie8 and then apply them wnsistentlyi ii) mak¢ judgm¢nts and ¢stimatu that ar¢ r¢asonabl¢ and prud¢nt; iii) state whether the Church guidance, applicable ttccounting standard8 and statements of recommended practice hav¢ been followd, subject to any material d¢partur¢s disclosed and explained in the financial statements; iv) prep8re the financial ststcments on the going eonccrn basis unless it is inappro￿1ate to presume that the Parochial Church Council will continue in operation. The Members of the Parochial Chw¢h Council ar¢ r¢swnsible for kcq)ing acwunting r¢¢ords whith disclose with reasonable accuracy at any time the financial p)sition of the Parochial Church Council and enable them to ensure thai their financial statements comply with the Church ALwunting Regulations 2006 and the Chariti&8 Act 2011. They are also restK)nsible for safeguaTding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other iTrcgul8Titie5. This draft report wa5 agreed by the TnLStees for presentation to the Annual Meetin& on 23 May 2021 and 8i8ncd on their bchajf by: CLI Revd Anne Stevens Viw of St Pancr&8 Churth TT¢asur¢r of St Pancras Church St Pancra8 1704 Euston Road stst¢ment of Flnan¢lal Acllvhles For tho period from 01 January 2020 to 31 Docember 2020 y￿91A8 4152￿.73 323,7f4.74 S.143S% 1410428 467,IMIAtI W62174 213.1rLI.10 214ICQ.1D 6S&3795 4,WJID I55￿1 71916M8 4AX)J)) 11031A7 17W1JJ4 (14M2WI 1￿7&0) IIA7&MI ¢>lnBan 174C41JM 11412&MI 317￿1￿• 50,11420 J••m19 JBI,71IJ2 2Ji131.1• 310￿9￿4 31M212f120 3111W2019 Flx•d ass•ts T•vJWf••* 8.415ffi A15.e4 361,415.fj6 Curr•nt a•Mts ca&hAB•*￿ 188P79.14 15.75921 7zn 1M468.07 21.632.04 Uablllll•• .78 18,121.24 1&121.24 14.953. N•¢ ¢yrr•nt ux•ts l•u ¢urr•nt I1￿11￿* 1n.$1421 J,S10. Tot•1 l••• curr•nt ltsbllNI•s 541,•29.95 371,•28.48 Uthllhl•* r237*1 1237.28) 3A4027 3.810.27 542.167.23 3•8.0￿14 R•pr•••nt•d by Unr•4trlGt•d 232.131.71 317A7131 D••l9n*t•d R••trl¢t•d 43M16 27￿.7? 5.SI326 13.570fj8 162243S9 8,51942 541167.23 8876￿8 4D1721 S￿19￿2 361.08J.19 Fund• of th• ¢hur¢h 11 W IQ1 I&) wnl P4r1141 As at 31 D•cgnthr2020 Cl•M •nd nomln•l ¢od• G•n•r•l IUnr••trl¢t•d) D••lon•tsd R••trkl•d Endomhwnt T¢rtal LM•t Jvor Flx•d *•vt. T•ngllM• •w•l• 92A) 7XJ YJ11..MFI 36m733 WC4733 073fjn 8,415AI T•tsl . 388,41SA• 368,415.66 Curr•nt *A••t. Cll•h A 8ank *JMI In HAnd .171MI A184N 178￿.78 I13￿• 11Q(OJml 5BmJ6 Z110AO P.110JOI 1118 1110A50.r2) 411•4￿ 2￿)5 34.745A7 On2 1116D)I 28,75653 9ZT22 3￿16.07 eA87.94 4011.. Fknlls*ttMt&rdffj8451 401?. k4JilcFe¥bWknrwl&r*•SZO 1118ml 2,141.12 4018.. 71￿0? 18TA82.751 ZJ.1t*.14 118J99J2) 4.D70Ikl 118K67Jg1 15fy) 1111.070.MI 76 4111.. CJXAWThJm* 4112.'C£IAC*rttt* H*• 8,1Tr.70 1,75%40 17247A1 1>7 118.Q71.14 1J.7fj•J1 Totsl JO414•.04 ¢4rr•nt knt- D•bior• (W1JJn 10m 4￿.c 12Eal.( 318.73 Totsl 14wJm) 9,28•.00 388.93 4872.7J U•blllty. Cr•dNor•: lfflounf• f•llng du• •ft•r nwx• than ¢Jn• p•r (237281 12r261 P37281 1237281 3,844.27 3W27 Totsl U•bIl￿. Cr•dllw•: knunf• F•llno ,7NJ.78 34,30127 .12 1142 04fkS.Whllrg 3.4CQ.C 4S2Ag5.73 327,12174 In¢•D￿n9 r••our¢•• fr•m g•n•rthd lund• Total• 1•3,$0425 258*91A8 In¢•n￿nY r••ourc•¥ from¢h•r*•bl• athill•• In¢onln9 r•¥ourc•• fromtharltabl• acllvMl•• Tol•l• Oth•r Incornlnq v••ourv• C¢1Q.(aptdv¥Bft￿&•1afvJ Teurn&J 14O)rnI Zgyj 5J336 Oth•r Incorthng w••ourG•s Tot* (400.001 $43.J6 S.143.36 2.100.00 193.10425 . 457,639JJ9 329,623.74 (I Plai 11214.'18 1 Lf 3. Total fj•n•rnl D•¥ign•t•d R••trirt•d Endo*Tnwnt Thkry >••r L•Jt ￿•T o•t of 9•n•r•llng fvnd• I812.￿￿ry*Vd 12￿31￿7 11031.07 Co81 of q•n•r•llny fvnd• T4*•1• Cthartt•bl• xtlvttl•• 1103.13wAs bMwkF 84m).(¢ &Iffi)￿) ￿￿).￿} 744B5 1203.¢JW'n*d 1201.￿¢£41S 1201-C•¥Jr 1202.CMrC#*cdo 4131C 9,132D) 21,501.fra 451122 76JY) 4511Z 75£<) 1,681.C 229)J 2983.44 218A9 1fL) 1304.LC0￿c￿IX 1307.F*th & 1X1-M¥81￿ &Mrlsty ¥)J 211￿￿6 1￿.10 1410.AlwlthwthSmk•l 1411.Ftrrt 141?.Fr￿k 1S10-C*rtxth&i 1511.C*LrthB• 1612.C*Lrthkn6ur 1513.￿￿1￿ 1514.thJthCl••N 1515.¢)Mffth(*rd 1516.(knhCb) 1517.C¥MrthbJlldr4lknrY• 132350 2M8A4 1688A4 S￿(022 4M*A2 7.573.12 17,101J8 191ffj9 17.10158 191 879.71 3.016.14 3.827.15 28￿j3 $0.355fi7 12J12)) 4￿0.75 i.n&48 11312>) 4.540.75 1,rnA8 7ceAI 1￿2.Tj 7¥).10 I341￿* la￿Al I964AI 11092.14 13,13489 242A4 1,135J5 I.9)2￿0 1612-trts1 1613-HaI￿r 1614-￿1 1615-Hall le18_H￿l FI* .10 2J419) 7.M5.49 IW.41 1817-Hall Pe8lCWC 33 147928 7&1.40 1810.*￿91 11 X1214..18 2013 Tolal G•n•r41 O•¥ign•t•d R•¥tri¢*•d Endowrn•nt Thi• y•*r Last l811.s￿.d ￿k￿r¥JV*jkR￿jtl￿hrnrt 183).RryW Trwt 1O17.PanWw4•￿ F￿rth 104ts4 174N ¢h•rltabh *¢tl¥l¢l•• Total• 213.100.10 213.100.10 254201.96 fjov•rn•n¢• ¢o•ts 131l.S•nt•￿i￿rèV¥ l￿-S￿7￿nI 1712.Pthl 1715.Irf*l8giP810 16107 1910.saff Wqs wrfJf• 1911.Ptydl E¥ 1•12.No#PayQ￿tyd￿￿ 1913.SrfPtrdtr• 38345D¢ 38345M4 91974.eo 2.791A6 s￿A4 7JAE17 2,TrIA6 s￿A4 7fft5.17 3,Wg 1fi1029 4W2 1916.(Alc• Ew I918.T￿￿￿Ir￿f•* 1921. R*￿typty 1￿1.￿EsT￿l￿e 10.7e8th 24.76 Oov•rn•n¢• ￿81* Tot•l• .837. 15.837.95 71,91&88 Oth•r r•wJru• uMd 19Y).&*prnwTrJM¥pr• oth•r r•w¥Jrc•• umd Tol•lB 4,12Q.QO 4.620.00 9,098.86 Grand tala ?78￿38 4.620 . 281558J)5 348,249.37 {1 2)214.'18Fm> Py3d3 Illl¥ll