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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the yoar onded 31 December 2021
Clergy:
Vacant
Bank:
CAF Bank Lid
25 Kings Hil Avenue
West Mailing
Kent ME19 450
Independent Examiner
Jona 0 Price, MA
26 Trinity Street
Oxford
Oxt tT
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THE PAROCHIAL CHURCH COUNCIL OF ST PETERHARROW
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended31 December 2021
INDEX
Page
Annual Report for 2021 34
Report of the independent Examiner 5
Statement of Financial Activities 6
Balance Sheet Lf
Notes to the Financial Statements 8-12
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
ANNUAL REPORT FOR 2021
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 @ registered chanty under Number 1133874
Organisation
St Peter's does not currently have a wear
Membership
Members of the PCC are either ex office, co-opted or elected at the Annual Church Meeting in accordance with the
Church RepresentationRises. Dung the year the following served as members of the PCC
Gergy The Reverend Rod Green (remgned 22 August 2021) The ReverendRachel Campbell
Churchwardens Yea Adegboye John Parry
theLay RepresentatvesDeanery Synod on Jo McCormick Nebu Jacob (resigned 19 May 2021)
Claire Finlay (resigned 19 May 2021) John Parry (from 19 May 2021)
Lay representatves RosalindAndrewlan FernandesRajkumar (from 19 May 2021) JacweSmall (Secretary)
Asher Colher (Treasurer) Bevery Stuat
Any Kuchbotia Javed KateBontaPenmanBryan
Mina Davidson Neds Jacod
The PCC also operates by standing committee
Buadings
Theand [maintaining] building is ownedthe Duldingby the Diocese of London who lease it to the PCC for @ peppercorn rent The PCC has the responsitlityof managing
Finance
AtDuringthe endtne ofyear2021thetheGeneratbalanceFundin thewhchGeneralrecordsFundthe waschurches£33,854income(£89 and644 atexpenditurethe end ofrecorded2020) a defict of £55 791 (defiatof £21 928 in 2020)
Reserves Policy
The POC ams to hold unrestrcted general reserves of apprommately one month's expenditure which is in the regon of £35 000
At the end of 2021 the balance in the General Fund was £33.854 wich os in ine with the reserve policy
The dudget for 2022 indicates that achon will need to be taken to martian the reserves policy at the end of the year The Church is
workung fo increase giving and secure addtonai rental income Contngency plans are in place to reduce expenditure # it 1s Clear income
(8 Not INCreasngto the required level
;
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| THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
ANNUAL REPORT FOR 2021
Introduction
2021AugustA was22nd.a challenging his last Sundayyear forministeringSt Peter's.at StOurPeter'svicar, wasRev 18thRod AvyGreen,2021wasRodappointedand familyArchdeacon left for Cardiffof Liandat!on Augustand, whie20th.hisafter resignationnearly sevenwas effectedyears in Harrow on
thegreat deal has changed both inside and outside St.Peter'suring tis 7 years, not least in the last 2 years. While the COVID pandemic has made many of
and phans for 2020the use of platformsand 2021suchGifficultas Zoomto progress.for meetings it hasand stmulsoci a tedl interactions developments.during suchthe severalas the acquis/tonlockdowns andit applicationhas been a ofpar t icularlyhe meansdifficult lo live-seamperiod thatservices has
Saeed many cl un in terme of falnaehip and relaionstig, and thanks are due to Rod for his leadership,perseveranceand energy in Navigating thvs testing
The Church has contwed to functon duning the vacancy thanks to those who serve making an enormous difference to our ives. often hdden and behind the
scones
Churchwardens
John Parry and Yinka Adegboye have been your Churchwardens since October 2020 They have camed a significant responsitility of leading St. Peter's
Gunng the ongong vacancy Que to professional demands Yinka asked to take a step back from ful Warden's duties and Jackie Smatl very kindly agreed to
take on the Warden's roles and responsibilities as Deputy Warden Jackie has been a blessing both to our Wardens and Core Team meetings and
fesponsibsihes.and it has been a great joy working with her
Core Team and PCC
§ adsition to the Crurchwardens. Rachel Campbell as Curate. Jackie Small as Secretary and latterty as Deputy Warden, Andrew Colber as Treasurer and
Stuart Davidson as Head of Operations & People have formed the Core Tean The Core Tear typically meets monty, and gives drecton on the day to day
activityof the Church The diverse PCC has m has continued to offer robust governance and chailenge over the year especily dunng the ongoing process of
theassociatedappointingincreasedanewfrequency vicar in being previousin part yearsdue t ohethe POCaddedhas workgeneralre l atedy mettoonlythe oncepreparabonsa term, butaround during recrutment2021. weofmeta newon nineVicaroccasi M o nsreover for formatthe restnctionsPCC meetings
agreed2021,the recnatmentwhen with# metprocessCOVIDwith Archdeacon hadZoommeantmeetings thC at herinethe hadPCC that was notPickfordprovided(Dioceseonginally@ goodof appomtedopportunityLondon) andin Octoberto Canonform retatonshps. John 2020 hadDunnettneverparticularly(CPAS, met face-to-facePatrons)with newfor PCCuntilthe membersPr the b e gnreng-VacancyConsequently.meeting of Septemberto startwe off
Staff to have a Saturday morning meeting later in September, together with the Staff Team, to build relationships both within the PCC and to get to know the
the [members] Team betterof St aiongPeter's withcong te r egationroles The halt-day meeting was a great success and also provided a foundation for a stening exercise engaging across
Staff Team
The Staff Team has cominued to adapt to the ever-changing circumstances of lockdown The team has endeavoured to meet everbody’s needs and to keep
US 85 Safe and corfortable as possible as both the legal mes and guidance have changed and both persons! and sooetal perspectives on safe prachces
havethe evolvedanc Gverstied it has been truly Gifficul to come to terms with these important changes and. not least to endeavour to cater for both ends of
The widliv e streamspectrum equipmentof concernnas enabledabout the ongoingboth in-person pandemic.and inonlinemy view.servicesoursmutaneously Staff Team have been$0 that doingeveryonea greatcan jobaccess in ouractweving lve Sundayttes, ledgathenngs by Stuart OawdsonThe
‘Stat! Team has been adaptable and commuted. aways wiling to go the extra mile. as the Church has stnven to persevere through lockdown, and as we have
emerged from the other suse. and in-person actvites have restated
Clergy Team
RachelCurate atCampbell,the enc ofasJune Curate andhaswillplayed then movea sgrvficantto a newrolepostion. in leadingWe praythe forChurchGod'sduningguidancethe vacancy and provisionfor whichm thiswe aretimeallof changenly grateful Rachelwil fish as
Special Thanks
Rus Me descaton and service of mary cther indviduais that enabdie the Church to operate effectively 1s almost imposstie to deta! everyone that
CONtnD tes, mary in unseen ways There are chairs to be put out and packed away. great refreshments to prepare and serve which are enjoyed by many
assistance with Chidren’s and Youth work. the sound and vision team and many musicans that play on @ reguar bass # you are not involved in a Team |
would encourage you to thk about how you can contnbute There are a muttudeof roles
Jonn Parry (Warden)
(Charman)
Date: 28 Apel 2022
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INDEPENDENT EXAMINER'S REPORT
to THE PAROCHIAL CHURCH COUNCIL OF ST PETER, HARROW
| PODOrT On the financial statements of the chanty for the year ended 31 December 2021 which are set out on pages 6 to 12
i Respective responsibilitiesof trustee and examiner
You, the members of the PCC are responsitie fer the preparation of the financial statements You conser tat an audit is mot required for thes year under
Secton 144(2) of the Chantes Act 2011 (the 2011 Act) but that an independent exarmnaton is needed
|] is my respONsbeltyto
examine the financal statements under sector 145 of the 2011 Act.
foliow Ihe procecures laid down in the genec#! Grectons oven by the Chanty Commission under section 145 5)(b) of the 2011 Act and
Mate whether patadar maners have come t my atenton
Thee pO. including my statement, has Deen prepared for (and only for) the members of the PCC as a body My work has Deen undertaken so tut | might
Sate 1 yOu those maters | am required to state in an independent exammer's report and for no offer purpose To the fullest extent perrtiad by law | do not
2000 pt OF BSUS TeSpONSibiity to anyone other than the PCC as @ Dany for my examinaton work for Pes report. or for the statements | Nave made
Basis of independent examiner's report
MyBOCOUNENGUNLAUal@xamnatonMOMSMECONESOFwasGSOOSUTESKept camedDy theoutA thecharityin fnancalaccordanceand a statementscompansonwin the generalandof thethefrancalGirectonsseething statementsofgiven explanabonsby thepresentedChantyfrom youCommessionwithas Uusteesthose recordsAnConcerreng examunationit also anyncuudesncudessuch considatters a revi e Thewrationof theofprocedures any
uncertaxen do not prowde all the evidence that would De required i an audit, and Consequently | grve 10 CETHON a8 10 whether Ihe finance! statenents
presenta true ard tar wew My report & ited to those matters set out in the staternent below
Indepencem examiners statement
WP CONN@CHON wen ry @xarTenaban no mater has Come to My atherton which gives me reesonanie cause [oO Dekeve (hat © any matenal respect he
requirements to keep accounting records m accordance with secton 130 of the 2011 Act and to prepare Snancal statements whch accord wih he
BCOOUNENG MOCONES aNd COMPly wD the accountng requirements of the 2011 Act Nave not Deen met, or tO whch. in my Opewon, atienbon should De drawn in
Order to enable 2 proper understanding of the financial statements to be reached
However. | thunk my report would be lacking Mf & did not contain a semtence which ports out clearly that he General Fund deficit during 2021 was £55,791
whichaeare lefof (hes2 balanceand are ofalreadyonly £33,854tating atDe31stnecessaryDecemberactons2021 Cleary 9 substantial tum-round is needed in he near Sture. and | am satsfiedMut he PCC is
“\
,
& VN
26JornTenty0 Price,Street MA é ] +
Oxtors cb .May. 22.
Ox ITY ra |
Pages
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
STATEMENTfor the yearOFendedFINANCIAL31 DecemberACTIVITIES2021
Note General Masvonary Short Term Restricted TOTAL FUNDS
INCOMING RESOURCES Fune£ Fund£ Mission Fund£ Funds€ — —
incoming resources trom conor rt) 195.365 . : 37,081 232.377 290.150
Other voluntary incomng resources 20) 455 - - 173 $8 5.199
income from chartabie and ancllary radng = c) $2,200 29,148 - : 121,348 116.550
income from investments PC) $ - - - s “
Revaivaton of assets ae . - - é . zs
Transters ah (13,500) 13,714 (42%) 4000 ° “
TOTAL INCOMING RESOURCES ee es eas ae oe oe
RESOURCES USED
Graces da - 43444 . 43.444 43835
theActutesGrectly relating to
work of the church xb) 134.774 . - 18.895 153,669 135,346
Church managemect and aominstraton Xe) 19$.$82 - - 195.582 195,205
NET INCOMINGOUTGOING) RESOURCES (55,791) ($82) 4214) 22.289 (38.298) 46,543
BALANCES BROUGHT FORWARD 89.645 6.995 42% 62.871 163,728 197,182
OTHERBALANCESFUNDCARRIEDBALANCES FORWARDBROUGHT FORWARD _sae OO OTH ~_ 163,735
CAPITAL RESERVE $75,000 575,000
TOTAL FUNDS EMPLOYED —wa a
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|i Note 2021£ 2020e
FIXED ASSETS
Tangible fued asse's 4 597,485 04,552
— aes —_ 52
CURRENT ASSETS
Debtors anc prepayments 5 17438 27,170
Cash at Derk and in hand 87,139 108,105
ET 135,76
LIABILITIES- AMOUNTS FALLING DUE
WITHINONE YEAR
Sundry vectors and eccrvels 6 (1,835) (1,103)
NET CURRENT ASSETS aes 134,173
NET ASSETS ~—jeoaaT 738,725
Financedby:
FUNDS.
Urcestricted General Fund 33064 69.645
Urvestnced Maswnary Fund © 6413 895
Unrestricted Snort Term Mission Func - 42%
Unrestricted Capital Rese-ve Fund 575,000 $75,000
Resticted Funds ? $5,159 e2.a71
Total Financing 700,427 738,725
Approved by THE PAROCHIAL CHURCH Council on and signed on its behalf by:
a Andrew Co Uber (Teeapunce) Pary (Warden)
29 Ao-el 2022 29 Apik ob22
The notes cn pages 6 to 12 form part of hese account
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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 histoncal cost conventon except for the valuation
of mvestment assets. which are shown at market value
Going Concern
The Church finances have been significantly impacted by COVID 19. This is reflected by a decline in both
grVINg income and rental income. The ability for the Church to maintain it current level of activity is dependent
ON an increase in general giving and securing additional rental income. There ts significant uncertainty that
this increase in income will be obtained Contingency plans are in place to reduce on-going expenditure
to @ level that can be supported by the committed level of regular giving and rental income
These plans would enable the Church to continue as operations but at a reduced level of activity
Based on the above considerations the PCC have prepared the financal statements on a going concern basis
Funds
General funds represent the funds of the PCC that are not sudject to any restrictions regarding thew use
andpurposeare availableby the PCCforareapplication also unresinctedon the general purposes of the PCC. Funds designatedfor a particular
Restncted 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 (Note7)
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 recerved
Grants and legacies to the PCC are accounted for as s00n as the PCC is notified of its legal entitlement
andAmountsthe amountdue
Other ordinary raised income from fund raising activities are accounted for gross
Rental income from the letting of church premises is recognised when the rental is due
incomefrom investments
Dividends and interest are accounted for when receivable
Gains and josses on investments
eccountedRealised gainsfor onor revaluationlosses are ofrecognised investmentswhen atinvestments31 Decemberare sold Unrealisedgains or losses are
Resources used
Grants
Grants and donations are accounted for when paid over. or when awarded, if that award crestes a
bindingActivites obligationon the PCC
The directly relating to the work of the Church
*S diocesan common fund payment is accounted for when payable Any common fund unpaid at 31 December
in theprovidedBalancefor inSheet. these accounts as an operational (though not a legal) bability and is shown as a creditor
Fixed Assets
Consecrated land and buiidings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by 5 96(2)a) of the Chantties Act 1993
No vaive is placed on movable church furnishings heid by the churchwardens on special trust for the PCC
and which require @ faculty for disposal since the PCC considers this to be inalenable property. All
expenditure incurred duning the year on consecrated or benefice buildings and movable church furnishungs
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
Grants receivedin respect of fed assets are deducted form cost
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
'e$s provision for amounts that may prove uncollectble
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
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NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2021
2 INCOMING RESOURCES
Yorestricted
General Missionary Short Term Restricted TOTAL FUNOS
Fund Fund Mission Fund Funds 2021 2020
2(a) Incoming resourcesfrom donors £ £ c € t £
Standing order income 101,090 - - 19,485 120,575 116,898
income tax recoveratie 24.046 . . - 24 048 31.044
Collectons at al services 2 : . . 23 S44
Grants and other donatons 70.207 . : 17,526 87.733 150 364
21D) Offer incomung resources
Everts e ° ° ° 1423
Fees 435 - - 173 68 “7
a a ae faye ee:
2(¢) Income from chantadie and ancilary trading
Letings at St Peter's Church 76.312 29.148 - - 108.460 103.870
Rental income from $8 Orury Road 15,887 - - - 15.887 12.680
214) Income from investments
interest recervec s - - - 5 2
2(@) Revaluationof assets
20) Transfers
Transfers in - 774 - 4.000 21.714 20,300
Transfers Out 13.800) 4 000 4204 - 21.714) (20.300)
TOTAL INCOMING RESOURCES pe OS eeSS > Se 5 | SSKS
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| THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December2021
General Missionary Short Term Restricted TOTAL FUNDS
Fund Fund Mission Fund funds 2021 2020
t £ € £ £ £
3 RESOURCES USED
Ma) Grants
Missonary socetes & overseas mssons - 12,000 - . 12,000 °
Home mssions and other Church Sooetes: : 31444 - . 31444 438%
a es hans CEerr) a5
Note 7 contains the detais of where the Missionary Fund was Gonated
Ud) Actwides Grectly retadng to the work of the Church
Operations of church 40 666 - . 18.895 59.562 44.501
Crridren Work 31446 - . . 31446 30.887
Youth Work 30.752 - - - 30,752 29,292
Comenunity Work 2 . e ° 23 1.000
Worship 31.886 . s . 31,886 29,666
Xc) Church managemenand admerstra t on
Estates 48000 . - - 48 000 43038
Admumstraton Costs 42.669 - . - 42669 39.655
Common Fund 89 548 . - . a9 $48 09 $48
Depreaanon 6.955 . . - 6.955 8 053
Miscailareous 6409 - - - 6409 9.911
TOTAL RESOURCES USED SS ne ae
X¢) Staff costs 2021 2020
Wages and salanes 134,137 132.210
Socal secunty costs 8438 8.110
Employers contnbuton to defined contntwton pension schemes 67% 6519
The average number ¢ employees was $ (2020-5) The vicar and curate are not employed by the Church and are not included in employee numbers or staff o
No employee recerved employee benefits (excluding employer pension contributors) that exceeded £60,000
No trustee receved remuneration or other benefits and no expenses were reimbursed There were no dscioseabie related party transactons with trustees
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
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NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021
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4 Land and buildings
FIXED ASSETS at $8 Drury Road
Tangible Freehold Equipment&
Gross fixed assets Property Furnishings Total
At book value £ £ £
| January 2021 $75,000 73,153 648,153
Adctons 1,688 1,688
Revaluaton °
At 31 December 2021 575,000 76,041 650,041
Depreciation
At 1 January 2021 . 43,601 43,601
On dsposais e .
Charge for the year : 8955, _ 8855
At 31 December 2021 . 52,556 52,556
Net book value ——— —_
At 1 January 2021 575,000 eeZ9,552, 04 552
At 31 December 2021 —_—_—575,000 es22,485 —S Sse597,485
Ust of Assets retarned but fullydepreciated
Michael Wood-Altar 710
Mechael Wood-Font 360
Office sate 405
Loaditt Scafolding 1,763
Alarm system 2.666
Sound desk 7,380
Projector 18.203
The property at 58 Orury Road is held in trust by the London Diocesan Fund on behalf of the POC
The gross book value of the property is based on a professional valuation made in 2019
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S DEBTORS 2021 2020
£ £
Prepac expenses 5644 5.941
Sundry debtors 3296 6.707
GA tax recevanle 8496 14,822
17,438 27,170
6 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Sundry creditors —18s. —_Lidi
— 1,635S—— ae1,103
7 RESTRICTED FUNDS
bi 1/1/21 income Expendture =o 31/12/21
One Church Harrow 9.408 8.173 1,197 16.382
Hope Church Harrow View 33.724 17,681 3.870 47,535
MOSAIC Church 19,741 15.330 13.829 21.242
2S7p 4 1 TS 8 SI
Restrxted fund balances are represented by cash at bank and in hand
Ome Church Harrow is the joint mission between St Peter's Harrow. Chinstchurch and St Paul's South Harrow to reach 10 % of the population of Harrow
Onewithinof10the years.objectivesFundsofareOne restenictedChurch Harrowfor use onis to thsplant purpose new congregations and are administeredHope Churchby St PeteHar r 'sow HarrowView and Mosaic Church are the first two of these plants
income recerved in respect of these plants is restncted for use in the development of these congregations and is admirestered by St Peter's Marrow
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THE PAROCHIAL CHURCH COUNCIL OF ST PETER HARROW
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NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended31 December 2021
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& MISSIONARY FUND 2021£ =
Balanceat 1st January 6.995 1,395
income
Oirect g@s from donors 2.000
Transfers trom General Fund 13,500 14,300
Spear rental 29.148 39.136
Total income rae Is
Donations made trom the Fund in the year (43 444) (43.836)
TransterTransfer to restricted fund (4,000) (6,000)
Balance fromat 31stshortDecember term mission fund LXie)4214 CEE
Donations were made Gunng the year as follows.
Unrestricted Messonary Fung
Misgonary sooetes & overseas missions 2021 Missorarysooedes & overseas mssions 2020
Tearfunc 4.000 Teartund
UFM - Mark & Gl Newham 4.000 UFM - Mark & GilNewham
WEC - Moulds 4.000 WEC - Matt & Rachel McNulty
LOF - Aima Pentecostappeal
Home mssons and other Church Socretes
Re Gen Re Gen 2,000
Spear Rectal 29,144 Spear Rental 39.136
Harrow Cinzens UK 2000 Harrow Cozens UK 2,000
Spear (collectons) Spear (coflectons)
UEA Crnstian Union UEA Crnstian Union 0
ACAT ACAT 100
One Church Marrow One Church Harrow
Oxford Crurch Det Centre wo Oxford Crurch Dett Centre wo
Harrow Deanery Harrow Deanery
ceRrzy 35355
TransferOne Churchto ResinctedHarrowFund 4.000 4.000
Short Term Mission Fund 2021 2020
€ £
Balanceat tst January 4214 4214
Transfer to mession fund (4.214) °
Payments from Fund ° ]
Balance at 31st December 5 cear)
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