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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2020

Clergy:

The Reverend Rod Green St Peter's Church Sumner Road Harrow Middlesex HA1 4BX

Bank: CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ

Independent Examiner: John D Price, MA 26 Trinity Street Oxford OX1 1TY

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2020

Annual Report for 2020
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		 INDEX
Page
3-4
5
6
7
8-12

Page 2

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

ANNUAL REPORT FOR 2020

Vision:

A church large enough to change thousands of lives, create culture and transform society right across Harrow and North London.

Background

St Peter's Church West Harrow is a registered charity under Number: 1133874

Organisation

The vicar of St Peter's church is Rod Green

Membership

Members of the PCC are either ex officio, co-opted or elected at the Annual Church Meeting in accordance with the Church Representation Rules. During the year the following served as members of the PCC:

Clergy: The Reverend Rod Green The Reverend Rachel Campbell
Churchwardens: Yinka Adegboye John Parry
Lay Representatives on
the Deanery Synod: Jo McCormick Nebu Jacob
Claire Finlay
Lay representatives: Ian Fernandes Jackie Small (Secretary)
Andrew Collier (Treasurer) Beverly Stuart
Asher Javed Kate Penman
Anu Kuchibotla Bonita Bryan
Miriam Davidson

The PCC also operates by standing committee.

Buildings

The building is owned by the Diocese of London who lease it to the PCC for a peppercorn rent. The PCC has the responsibility of managing and maintaining the building.

Finance

During the year the General Fund which records the churches income and expenditure recorded a deficit of £21,928 (surplus of £20,400 in 2019) At the end of 2020 the balance in the General Fund was £89,644 (£111,572 at the end of 2019)

Reserves Policy

The PCC aims to hold reserves of approximately one month's expenditure which is in the region of £35,000. At the end of 2020 the balance in the General Fund was £89,644 which is above the reserve policy. The budget for 2021 is set to reduce the reserve in line with the reserve policy.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

ANNUAL REPORT FOR 2020

Introduction

What a strange year this has been! The lock down delayed our last APCM until late October so there has only been six months between this report and the last. As a result, you may be pleased to know, this Vicar’s Report will be significantly shorter than the last!

As is my usual practice, I will start with thanks to those who have served us as a church, making an enormous difference to our lives, often hidden and behind the scenes and this year is no exception.

Churchwardens

John Parry and Yinka Adegboye have been your Churchwardens since October. It has been a joy to work with both of them since then. They bring wisdom, maturity and a passion for Christ and his Church. I have every confidence in their leadership of St Peter’s during the upcoming vacancy.

Core Team

Jackie Small has joined the Core Team as Secretary and Andrew Collier has joined as Treasurer. Jackie brings warmth and energy. She says what needs to be said and continues to bring us back to the church as a community of friends formed around Jesus. Andrew is in his element as treasurer. He makes it all look effortless. He is a safe pair of hands, combining prudence with faithfulness and has the ability to explain the figures in a way everyone can understand. I am pleased to say the new, much more diverse, PCC continues to offer robust governance. We had several detailed discussions drafting our Anti-Racism Policy that was much better as a result.

Staff Team

The staff team has continued to adapt to the ever-changing circumstances of lockdown. Christmas and Easter were, once again, entirely new experiences. With new live stream equipment in place, we have been able to offer in-person and online services simultaneously so that everyone can access our Sunday gatherings. We’ve tried new things. Claire Finlay and Juz developed Street Carols and Messy Easter both of which reached significant numbers of people in new ways. I expect they will become the traditions of the future. We have settled in to our new rhythm of One Church Everywhere each month. Maddie has continued to pull together the films and recordings from the different churches to make sure One Church Harrow as a whole has the resources it needs to try church at home. I look forward to seeing how this develops with neighbours and friends as we come out of lockdown. Supporting our young people has been an enormous challenge, Helen has worked tirelessly with help from our interns Dan and Jacob, investing in their lives through regular phone calls, endless Zoom meetings, Easter packs and doorstep visits

Clergy Team

Rachel Campbell, was finally priested in September and presided at her first communion in the Autumn. I have been enormously encouraged to see her get to grips with ministry during a pandemic, mastering technology and supporting families in practical ways through projects like Love Christmas and Love Easter. Rachel, is stepping down as Chair of the Harrow Spear Trust having led Spear to a place of financial stability with a strong team of trustees. Steve Cooper has kindly agreed to step into the role. Rachel, alongside Stuart, newly appointed as Head of People, and the Churchwardens, will guide the church during the Vacancy. Please pray for the team as they lead you through the next season.

Special Thanks

Without the absolute dedication and sheer hard work of two very special people, this year would have been significantly more challenging for all of us. Dan Tigg and Ben Hall have given hours and hours of their time to ensure our online services are as good as they can be. We simply could not have done it without them. I am enormously grateful for their servant heartedness. Week in, week out, they are there serving us behind the scenes. I’d love to see others make the most of their skill, dedication and expertise. Why not volunteer for the sound and visual team and get some incredible training fro these leading experts! Coronavirus Lockdowns The third lockdown was something of a body blow for all of us I think. We were just beginning to believe the end was in sight and then our hopes were dashed just before Christmas and a long, dark and cold season of lockdown began again. Due to your generosity we were well positioned to weather the storm, with the right kit to offer engaging online services. We have taken things step by step, trusting the Lord as we have journeyed through this lockdown, working through the lectionary of the Church of England rather than explore particular themes or sermon series. This has allowed us to consider what God might be saying to us week by week with a relentless focus on Jesus We were delighted to return to online services in time for Easter. Without the possibility of kids church we enjoyed some creative all age services across the whole of Holy Week which may well serve as a model for future festive occasions. Throughout this time, the PCC and staff team have checked in on each member of the congregation and offered prayer, support and encouragement where needed. It would wonderful to be able to see some of you on your doorsteps as we dropped gift bags around for Easter. Farewell Following my appointment as Archdeacon of Llandaff, my time at St Peter’s will come to an end on 18th July 2021 after nearly seven years of ministry. I can’t quite believe that Anastasia, our youngest daughter, had only just been born when we arrived, Orla was just one and Emilia was only four years old! St Peter’s has been a real home for us with some dear friends we will all miss very much indeed. You took us into your hearts as a family and for that we will be forever grateful. These seven years have seen considerable change, which has not always been easy, and yet you have embraced the call God has placed on you as we have journeyed together. The move to two morning Sunday services saw a considerable number of families join the church and increased the diversity of the congregation considerably. The surprise call from the Diocese to become a Youth Minster meant you gave over our thriving evening congregation to young people from across the Deanery. You wholeheartedly embraced the call from our Bishop to join with St Paul’s and Christ Church to form One Church Harrow, become one service again, and start planting churches so we might see 10% of the borough following Jesus in ten years. This was, and remains, a hugely ambitious vision and yet I have no doubt about your commitment to see it through. We have planted Hope Church Harrow View and Mosaic and sent off teams to support both of these new plants. I am sure there will be other plants to follow in the years ahead. As we grew we invested in our midweek groups, first developing Hubs as places of belonging as the church grew, before launching Circles with more of a focus on discipleship, just in time as we went into lockdown. Throughout my time many things have constantly amazed me. Your ongoing generosity has enabled so much, from an extraordinary staff team to state of the art music, sound and visual equipment. Your love for one another is second to none. The pastoral care that goes on behind the scenes is amazing. Your passion for worship and the extraordinary talent and gifting of so many musicians has been such a blessing to us as a church.

Some challenges remain. St Peter’s is a family church, which means you are often time poor and weary. Many of you work long hours and arrive home late, leaving little time during the week to invest in your faith or reach out to your community Many of you have been Christians for some time so most of your friends are Christians

(Chairman)

Date: 17 May 2021

Page 4

INDEPENDENT EXAMINER'S REPORT

to THE PAROCHIAL CHURCH COUNCIL OF ST PETER, HARROW

I report on the financial statements of the charity for the year ended 31 December 2020, which are set out on pages 6 to 12.

Respective responsibilities of trustee and examiner

You, the members of the PCC are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) but that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for (and only for) the members of the PCC as a body. My work has been undertaken so that I might state to you those matters I am required to state in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s report

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

Independent examiner’s statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

17 May 2021

Page 5

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020

Note
INCOMING RESOURCES
Incoming resources from donors
2(a)
Other voluntary incoming resources
2(b)
Income from charitable and ancillary trading
2(c)
Income from investments
2(d)
Revaluation of assets
2(e)
Transfers
2(f)
TOTAL INCOMING RESOURCES
RESOURCES USED
Grants
3(a)
Activities directly relating to
the work of the church
3(b)
Church management and administration
3(c)
TOTAL RESOURCES USED
NET INCOMING/(OUTGOING) RESOURCES
BALANCES BROUGHT FORWARD
BALANCES CARRIED FORWARD
OTHER FUND BALANCES BROUGHT FORWARD
CAPITAL RESERVE
TOTAL FUNDS EMPLOYED		 Unrest
General
Fund
£
234,520
3,171
77,414
40
-
(14,300)		 Unrest ricted
Missionary
Fund
£
-
2,000
39,136
-
-
8,300		 Short Term
Mission Fund
£
-
-
-
-
-
-		 Restricted
Funds
£
64,630
19
-
-
6,000		 T
2020
£
299,150
5,190
116,550
40
-
-		 OTAL FUNDS
2019
£
263,115
19,334
146,067
77
260,000
-
300,845
-
127,568
195,205
322,773
(21,928)
111,573
89,645		 49,436
43,836
-
-
43,836
5,600
1,395
6,995		 -
-
-
-
-
-
4,214
4,214		 70,649
7,778
7,778
62,871
-
62,871		 420,930
43,836
135,346
195,205
374,387
46,543
117,182
163,725
575,000		 688,593
56,277
149,800
202,119
408,197
280,396
411,786
692,182
738,725 692,182

Page 6

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

BALANCE SHEET AT 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible fixed assets
4
CURRENT ASSETS
Debtors and prepayments
5
Cash at bank and in hand
LIABILITIES - AMOUNTS FALLING DUE
WITHIN ONE YEAR
Sundry creditors and accruals
6
NET CURRENT ASSETS
NET ASSETS
Financed by:
FUNDS
Unrestricted General Fund
Unrestricted Missionary Fund
8
Unrestricted Short Term Mission Fund
Unrestricted Capital Reserve Fund
Restricted Funds
7
Total Financing		 2020
£
604,552		 2019
£
600,445
604,552
27,170
-
108,105-
135,276
(1,103)
134,173
738,725
89,645
6,995
4,214
575,000
62,871
738,725		 600,445
23,333
80,326
103,659
(11,922)
91,737
692,182
111,573
1,395
4,214
575,000
-
692,182

Approved by THE PAROCHIAL CHURCH Council on 17 May 2021 and signed on its behalf by:

Rod Green (Chairman) Mr John Parry (Warden)

The notes on pages 8 to 12 form part of these accounts.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 together with applicable accounting standards and the Charities SORP. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds have been given for specific purposes and are administered by the PCC for those purposes. They are not available to the PCC to apply to any other purpose. (Note 7)

Incoming Resources

Voluntary income and capital sources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Amounts raised from fund raising activities are accounted for gross. Other ordinary income Rental income from the letting of church premises is recognised when the rental is due. Income from investments Dividends and interest are accounted for when receivable. Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Resources used Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities directly relating to the work of the Church The diocesan common fund payment is accounted for when payable. Any common fund unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Investments Investments are valued at market value on 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020

2 INCOMING RESOURCES

2(a) Incoming resources from donors
Standing order income
Income tax recoverable
Collections at all services
Grants and other donations
2(b)
Other incoming resources
Church Activites
Events
Fees
Other income
2(c) Income from charitable and ancillary trading
Lettings at St Peter's Church
Rental income from 58 Drury Road
2(d) Income from investments
Interest received
2(e) Revaluation of assets
2(f)
Transfers
Transfers In
Transfers Out
TOTAL INCOMING RESOURCES		 Ge
11
3
9		 Unrest ricted
Missionary
Fund
£
-
-
-
-		 Short Term
Mission Fund
£
-
-
-
-		 Restricted
Funds
£
5,668
-
-
58,962		 TOTAL FUNDS
2020
2019
£
£
116,898
118,669
31,044
37,162
844
7,021
150,364
100,263
neral
Fund
£
1,230
1,044
844
1,402
23 4,520 - - 64,630 299,150
263,115
-
1,629
957
585
3,171
4,734
2,680
7,414
40		 -
-
-
2,000
2,000
39,136
-		 -
-
-
-
-
-
-		 -
-
-
19
19
-
-		 -
11,200
1,629
2,953
957
44
2,604
5,136
5,190
19,334
6
1		 103,870
133,029
12,680
13,038
7 39,136 - - 116,550
146,067
- - - 40
77
40 - - - 40
77
-
(14,300)
(14,300)		 14,300
(6,000)		 -
-		 6,000
-		 260,000
20,300
15,500
(20,300)
(15,500)
8,300 - 6,000 -
-
300,845 49,436 - 70,649 420,930
688,593

Page 9

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020

3
RESOURCES USED
3(a) Grants
Missionary societies & overseas missions
Home missions and other Church Societies
Note 7 contains the details of where the Missionary
3(b) Activities directly relating to the work of the Church
Operations of church
Children Work
Youth Work
Community Work
Worship
3(c) Church management and administration
Estates
Administration Costs
Common Fund
Depreciation
Miscallaneous
TOTAL RESOURCES USED
3(d) Staff costs
Wages and salaries
Social security costs
Employers contribution to defined contribution pens		 Ge Unrest ricted
Restricted
funds
Missionary
Short Term
Fund
Mission Fund
£
£
£
-
-
-
43,836
-
-		 TOTAL FUNDS
2020
2019
£
£
-
8,200
43,836
48,077
neral
Fund
£
-
-
- 43,836
-
ted to
-
-
7,778
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,778
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
43,836
-
7,778		 43,836
56,277
Fund w
3
3
2
2		 as dona
6,723
0,887
9,292
1,000
9,666
7,568
8,038
9,655
9,548
8,053
9,911		 44,501
52,473
30,887
31,814
29,292
31,958
1,000
5,241
29,666
28,314
12 135,346
149,800
4
3
8		 48,038
58,865
39,655
38,740
89,548
85,314
8,053
9,320
9,911
9,880
19 5,205 195,205
202,119
32 2,773 374,387
408,197
ion sche mes 2020
2019
132,210
125,934
8,110
8,671
6,519
6,596
146,839
141,201

The average number of employees was 5 (2019 - 5). The vicar and curate are not employed by the Church and are not included in employee numbers or staff costs. No employee received employee benefits (excluding employer pension contributions) that exceeded £60,000. No trustee received remuneration or other benefits and no expenses were reimbursed. There were no discloseable related party transactions with trustees.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020

Land and buildings
4 FIXED ASSETS at 58 Drury Road
Freehold Equipment &
Tangible fixed assets Property Furnishings Total
Gross book value £ £ £
At 1 January 2020 - 575,000- - 60,993- - 635,993-
Additions - 12,160- - 12,160-
Disposals - -- - -- - --
Revaluation - --
At 31 December 2020 - 575,000- - 73,153- - 648,153-
Depreciation
At 1 January 2020 - -- - 35,548- - 35,548-
On disposals - --
Charge for the year - -- - 8,053- - 8,053-
At 31 December 2020 - -- - 43,601- - 43,601-
Net book value
At 1 January 2020 - 575,000- - 25,445- - 600,445-
At 31 December 2020 - 575,000- - 29,552- - 604,552-
List of Assets retained but fully depreciated
Michael Wood-Altar - 710-
Michael Wood-Font - 350-
Office safe - 405-
Loadlift Scafolding - 1,763-
Alarm system - 2,666-
Sound desk - 7,380-
Projector - 18,203-
- 31,477-

The property at 58 Drury Road is held in trust by the London Diocesan Fund on behalf of the PCC.

The gross book value of the property is based on a professional valuation made in 2019.

5 DEBTORS 2020 2019
£ £
Prepaid expenses - 5,941- - 5,925-
Sundry debtors - 6,707- - 10,437-
GA tax receivable - 14,522- - 6,971-
- 27,170- - 23,333-
6 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Pensions contributions payable - 1,324
Owed to HMRC - 3,210
Sundry creditors 1,103 7,387
- 1,103- - 11,922-
7 RESTRICTED FUNDS
b/f 1/1/20 Income Expenditure c/f 31/12/20
One Church Harrow 15,019 5,613 9,406
Hope Church Harrow View 35,630 1,906 33,724
MOSAIC Church 20,000 259 19,741
0 70,649 7,778 62,871

Restricted fund balances are represented by cash at bank and in hand.

One Church Harrow is the joint mission between St Peter's Harrow, Christchurch and St Paul's South Harrow to reach 10 % of the population of Harrow within 10 years. Funds are restericted for use on this purpose and are admistered by St Peter's Harrow. One of the objectives of One Church Harrow is to plant new congregations. Hope Church Harrow View and Mosaic Church are the first two of these plants. Income received in respect of these plants is restricted for use in the development of these congregations and is administered by St Peter's Harrow.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020

8 MISSIONARY FUND
Balance at 1st January
Income
Direct gifts from donors
Transfers from General Fund
Spear rental
Total income
Donations made from the Fund in the year
Transfer to restricted fund
Balance at 31st December
Donations were made during the year as follo
Unrestricted Missionary Fund
Missionary societies & overseas missions
New Wine Partnership - Mozambique
Tearfund
UFM - Mark & Gill Newham
WEC - Matt & Rachel McNulty
LDF - Alma Pentecost appeal
Home missions and other Church Societies
Re:Gen
Spear Rental
Harrow Citizens UK
Spear (collections)
UEA Christian Union
ACAT
One Church Harrow
Oxford Church Debt Centre
Harrow Deanery
Transfer to Restricted Fund
One Church Harrow
Payments of £2,000 were made to each of
Short Term Mission Fund
Balance at 1st January
Transfer from mission fund
Payments from Fund
Balance at 31st December		 2020
£
1,395
2,000
14,300
39,136		 2019
£
1,200
1,637
15,500
39,136
ws:
2020
Missionary societies & overseas miss
New Wine Partnership - Mozambique
Tearfund
UFM - Mark & Gill Newham
WEC - Matt & Rachel McNulty
LDF - Alma Pentecost appeal
2,000
Re:Gen
39,136
Spear Rental
2,000
Harrow Citizens UK
Spear (collections)
300
UEA Christian Union
100
ACAT
One Church Harrow
300
Oxford Church Debt Centre
Harrow Deanery
43,836
6,000
UFM, WEC and Tearfund in January 2021.		 55,436
(43,836)
(6,000)
6,995
ions
2020
£
4,214
0
0
4,214		 56,273
(56,077)
1,395
2019
2,000
2,000
2,000
2,000
2,000
39,136
2,000
124
300
100
4,087
300
30
56,077
2019
£
4,414
0
200
4,214

Page 12