2020-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council For the year ended 31 December 2020

BACKGROUND

The Parochial Church Council of the ecclesiastical parish of St Paul, Winchmore Hill has responsibility, in conjunction with the Vicar and Churchwardens, to promote the Church’s ministry of evangelism and pastoral work for which Christ has commissioned us in this parish. It is also responsible for maintaining the church buildings and the hall complex in Church Hill, London N21 1JA, and for the proper stewardship of the church’s financial position and other resources.

MEMBERSHIP

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) or the PCC in accordance with the Church Representation Rules. Elected members normally serve three years commencing at the conclusion of the APCM at which they are elected. During the year beginning 18[th] October 2020[1] the following have served as members of the PCC:

Ex officio:

The Revd Daniel Sandham (Vicar) William Sheldon (Churchwarden) Stephen Miller (Diocesan Synod)

The Revd Calum Zuckert (Assistant Curate) Ann Petrides (Churchwarden)

Deanery Synod Representatives:

Sian Whitaker John Hey Tania Rotheram Susan Chambers Stavros Partou Christian Pinnigar Diana Stansall Elected Members: Tony Cooke Samantha Hine Diana Hine Victoria Wade James McCaghy Similade Guttridge Alison Perera Andrew Woodward Phil Morehen Alison Atkins (Treasurer) Rebecca Clark (Secretary) Sandra Mortimer Jane Reed Athena Foran Lynn Beecroft

Co-opted:

Lindsay Kennelly

1 The Annual Parochial Church Meeting was delayed to this date because of the Covid-19 pandemic.

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CHURCH ATTENDANCE

Due to the Covid-19 pandemic the church was closed for public worship from 23 March 2020 to 26 July, during which time the Eucharist continued to be offered on behalf of the parish privately in St Paul’s Vicarage, and resources were made available to enable people to worship and make their spiritual communion from home. The church was again closed for public worship from 5 November to 2 December, during which time it was permitted for the Eucharist to be live-streamed from the church with a very small number of people present.

The average attendance at Sunday services when the church was open for worship was 169 adults and 85 children. Although this is numerically a slight decrease, 2019’s average Sunday attendance included baptisms, which have been celebrated on Saturdays since the pandemic. In real terms, our average attendance has slightly increased. Anecdotally, it is probably the case that we are seeing a smaller number of people attend church more regularly.

2 adults and 1 child attended the Eucharist in the Vicarage on Easter Day, and there were 2 communicants. This was during the first lockdown.

333 people attended church on Christmas Eve/Day, and there were 149 communicants. Because of the emergence of a new variant of Covid-19 just before Christmas, these numbers were significantly lower than anticipated.

There were 21 infant baptisms over the course of the year.

ANNUAL REPORT ON THE PROCEEDINGS OF THE PAROCHIAL CHURCH COUNCIL AND ON THE ACTIVITIES OF THE PARISH GENERALLY

The PCC met five times during 2020. In addition to standard business:

• The PCC discussed the recommendations of the Strategy Working Group, and a new strategy Growing Faith in Winchmore Hill was agreed.

• The PCC agreed to an informal arrangement whereby those elected to the PCC and Deanery Synod would be permitted to stand for a further three-year term at the conclusion of their first three-year term, but would be expected not to stand for reelection at the conclusion of their second three-year term, except in particular circumstances.

• The PCC discussed matters relating to the Covid-19 pandemic, and, in particular, the reopening the church for private prayer and public worship;

• The PCC’s Standing Committee enacted various business relating to the Covid-19 pandemic, including placing administrative staff on furlough leave, and risk assessments for the re-opening of the church and hall.

MINISTERIAL TEAM

• The Revd Calum Zuckert was ordained priest on 10 October, continuing to serve his curacy at St Paul’s as Self-Supporting Minister, housed in St Paul’s Lodge. In August 2020 the Bishop of Edmonton agreed to providing a half-stipend temporarily due to the increased workload caused by the pandemic;

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• We continued to host ordinands on placement from Oak Hill College. James Wells concluded his year-long placement in the summer, and Leo Tomita began a year-long placement in September;

• The Revd Christine Morton continued in her role as Honorary Assistant Priest (Permission to Officiate), as have our Licensed Lay Ministers (LLMs) Lynn van Keulen, Mark Ashworth and Sarah Elkins.

LAY PERSONNEL

• Will Sheldon continued in office as churchwarden in 2020. Michael Laurie stepped down in October, and Ann Petrides was elected to replace him. They have been supported by a number of duty wardens and a team of sidesmen, who are to be applauded for their extraordinary hard work in ensuring the smooth and safe running of services since the resumption of public worship;

• A second recruitment process for a Children and Families Worker took place in February, and Alison Perera was appointed to this role full-time, and began in September 2020.

• Hilary Crocker continued to support the parish as Parish Administrator, assisted by Claire Knipe as Administrative Assistant;

• The Church can only run with the help of a large number of volunteers who play significant roles. Their commitment, energy and support has been particularly appreciated in this year.

WORSHIP AND PRAYER

• The usual variety of opportunities for worship and prayer was restricted by the pandemic and closure of the church;

• An All-Together Eucharist was celebrated for the Conversion of St Paul on Sunday 26 January, with the Bishop of Burnley, the Rt Revd Philip North, a former choirboy at St Paul’s, as the visiting preacher. Bishop Philip also led Collective Worship at St Paul’s School, of which he is an alumnus;

• Social distancing restrictions limited the capacity of the church building, so a temporary Sunday service pattern of 8am, 9am, 10am and 11am was put in place when the church re-opened for public worship;

• House Groups continued to meet in people’s houses, and, during lockdown, online. These small groups have been a particular source of support, fellowship, learning and prayer for those who attend;

• 23 adults and young people were confirmed, including 4 adult baptisms and one conditional baptism, and 5 adults were received into the Church of England by the Bishop of Edmonton in September. Social distancing and the reduced capacity of the church necessitated these rites to be celebrated over seven services over the course of the weekend. Catechesis, or the preparation of people for initiation into the Church of God, remains one of the most important and significant parts of the life of our church;

• Groups for children and young people continued to offer age-appropriate worship and teaching during the 1030 service before the pandemic, and resumed in September at the 0900 and 1000 services;

• Music remains an important feature of our worship. Before the first lockdown the choir continued to sing at the 1030 service, led by Christopher Foreman (Director of Music), the band accompanied the All-Together Eucharist. Neither congregational nor choral

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singing was permitted when the church re-opened, and a cantor was used to provide music at services once the church re-opened. The organ’s electronics have become increasingly unreliable, and the piano has been used instead of the organ on many Sundays;

• We welcomed our uniformed organisations on to the All-Together Eucharist for the Patronal Festival;

SCHOOLS

• The Revd Daniel Sandham is an ex officio governor of St Paul’s School, and Sarah Lawrence and Jill Ashcroft represent the PCC as foundation governors.

• Clergy and ministers from the parishes which feed into the school lead collective worship once a week, as well as smaller acts of worship and RE; this continued online when the school was closed;

• It has not been possible to hold Whole School Services since the pandemic, nor the annual Thanksgiving Service. The Vicar led the Leavers’ Service in the school hall, and the Children and Families Worker and Curate celebrated class-based Christingle services before Christmas;

• Mr Bruce Russell resigned as Headteacher of St Paul’s School in February 2020. Mrs Suzanne Batsford was appointed Interim Headteacher;

• Keble Preparatory School was unable to hold its annual Carol Service in church, but the Vicar recorded a Christmas message to be broadcast in school.

The Revd Daniel Sandham, Chair of the PCC

SOCIAL AND FUNDRAISING

2020 started with our Burns Night, a popular social event held every other year. The event was a sell-out and was greatly enjoyed by all who came. A profit of £1,000 resulted.

This was the year that saw the rise of our ongoing ‘Crafty Disciples’ initiative. Every other month, a sub-team work together to create and distribute craft boxes to local children. By the end of 2020 we had sold 120 boxes, resulting in a profit of just under £1,000. 15% of our December proceeds were donated to Crisis.

In October, together with the Children and Families Worker, we held our first ever ‘Light Celebration’ event. This was a huge success. A small profit was made; however, the main idea was for a social event.

Just before Christmas, the S&FR team clubbed together and donated various sustenance to enable us to hold a Christmas raffle, with 5 Christmas hampers to win. All 100 tickets were sold resulting in a profit of £510 after extra donations.

Throughout 2020 we have been selling Murder Mystery parties for people to play at home. Thanks to Grange Homes’ sponsorship, this has raised £410 in total, and is ongoing.

The Social and Fundraising team has grown over the past couple of years, and is now made up of a team of 15 dedicated volunteers.

Susie Mansfield, Chair of Social and Fundraising Committee

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MISSION AND OUTREACH

The Winter Night Shelter ran from January-March 2020 with many volunteers from St Paul’s Church supporting the URC leadership. Special thanks to Jane Reed in the Coordinator role.

Outreach events for 2020, including Carols on The Green were cancelled due to Covid-19 restrictions.

The Mission and Outreach Committee has now been disbanded, to form the new Welcome Committee and Outreach Committee from 2021.

Thanks go to Marie Sheldon for Chairing the Mission and Outreach Committee this year.

CHARITY AND OUTSIDE GIVING

Due to the COVID pandemic, very few opportunities were available for fund raising during 2020.

Because of this, it was agreed that WaterAid UK would continue to be our annual charity through to July 2021 (i.e. for a two year period). £900 was raised for WaterAid UK in 2019-2020.

The London Diocesan Lent Appeal was for ALMA’s ‘Wheels for climate change emergencies’, and online donations were requested.

During Christian Aid Week people were asked to make online donations direct to the charity.

The usual collection point for the North Enfield Foodbank in the church porch has been replaced with a Can Bank during the Covid lockdown. Members of our church have been very generous in donating tins of food and households experiencing food poverty are invited to take a selection of tins, no questions asked, no referral needed. Surplus cans are taken to the Can Bank at St Andrew’s, Southgate.

Food and other goods donated at our Harvest Festival service were given to the North Enfield Foodbank.

To replace our usual Remembrance Poppy collection in church, people were encouraged to donate online to the Royal British Legion and download a Poppy poster to fix in their window.

It was not possible to hold our traditional Carols on the Green in 2020, but £800 was raised online and split between the local Night Shelter and CRISIS.

In the absence of our usual Christmas Post Box, which raises money each year for our annual charity, the congregation was encouraged to send charity e-Christmas cards to their friends.

At Christmas, our Mothers’ Union raised £714 to buy a wonderful selection of new children’s books and games for the Foodbank to distribute to their younger clients.

Our branch of the Mothers’ Union also donated £675 to support a number of charitable projects organised by the Worldwide Mothers’ Union. These projects (which take place in

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London, the UK and overseas) provide support for families and training to help parents learn skills they can use to support their families, both financially and emotionally.

Sue Chambers, Chair of Charities Group

SAFEGUARDING

As we are approaching a year since the first lockdown, and the congregation not being able to visit church, there is very little to report from a safeguarding viewpoint

Plans to coordinate DBS checks and completion of risk assessments ground to a halt, but will be a point of focus once we start meeting again.

We have focused on making the on-line meetings where children are present, being safe for all concerned. The meetings are recorded. The Coordinator of the YouTube streaming group role has had a DBS check.

The Diocese requested that a Past Cases Review should be carried out, the form was completed with a “Nil Return” and sent back.

The Safeguarding Policy has been updated using the preferred Diocese template.

Lynn Beecroft, Parish Safeguarding Officer

CHILDREN AND FAMILIES

My role as Children and Families Worker started on 1[st] September 2020. It has not been as I had imagined. A great deal of my time has been spent thinking up new ways of doing things. From zoomed Sunday School to the delivery of 14 Christingle Workshops to 420 children! Despite everything, there has been a huge increase in the number of children coming to Sunday School and I have been encouraged by the numbers of families wanting to be involved in various events that we have been able to run. The children on the whole seem willing to be involved in whatever is available, be it in person or via zoom and I hope and pray that this will continue.

Sunday School

Over the Spring and Summer of 2020, Sunday School sessions were recorded by volunteers and could be viewed by children on line. The number of families viewing these started quite high but naturally decreased as time went on.

Sunday School restarted in September. In order to comply with Covid restrictions on numbers, we ran two sessions each Sunday. One at 9am aimed at pre-school and KS1 children and a 10am session aimed at KS2 children. Both sessions were very well attended with around 30-35 children generally attending across the two sessions. KS1 numbers were slightly higher each week.

We seem to have bridged a gap with the new Sunday School pattern. It is evident that there were families previous attending Church at 9.15am (when there was no Sunday School) that can now attend at 10am with their very young children and their older children can come to Sunday School. Similarly at 11am there are families whose children play sports on a Sunday morning who are now able to go to their sports classes and then come to Sunday School.

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Unfortunately, we were unable to find a safe way to bring the children into Church after Sunday School.

I have had lots of new Sunday School volunteers join the team. Many of these do not yet feel ready to lead sessions but I am hoping to run some training later in 2021.

School

We were unable to find a safe way for the Children of St Paul’s School to come into Church for their annual Christingle Service. As a result, I agreed with the School that Fr Calum and I would go into the School over two mornings to deliver a Christingle Workshop to each class. We talked to the children about the significance of the Christingle and demonstrated how to make one. Each child was then sent home with a bag containing everything needed to make their own Christingle at home. Year 6 were not in school at the time and so we pre-recorded a video for them to watch at home.

Other activities

Light Celebration

With the help of the Social and Fundraising committee we ran a Light Celebration on 1[st] November. It proved to be a very popular event. We asked for a small donation which covered the costs. In total 60 children attended and we finished the event with a short service and sparklers in the car park. Feedback from parents was very good and I think this would be a good annual celebration going forward. We were helped by numerous volunteers, preparing crafts in advance, helping the children on the day and tidying up after what was a very messy event!

Nativity

In November it became clear that we were not going to be able to get all of our Sunday School children into Church to perform their Nativity. With the help of Phil and Emma Coldrey and Athena Foran we put together a pre-recorded Nativity. 50 children took part. Each child was given a part, some lines and a song to sing. They then recorded videos at home which Athena, Phil and Emma put together. The result was fantastic. The Nativity was shown twice in church and was made available for families to watch at home.

Away in a Manger Challenge

I ran a challenge for the Children in December. 100 pebbles were painted to look like a baby Jesus. They were then blessed by Fr Daniel in Church and children then took them home. The challenge was to make a cosy bed for the baby Jesus. The Challenge was a big success with over 70 baby Jesus pebbles taken home. We received around 40 entries and prizes were awarded to three children. The remainder of the pebbles were given to the Revd Alison Phillips who gave them to families at the crib service at All Saints’, Edmonton.

Alison Perera, Children and Families Worker

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REPORT OF THE MEETINGS OF ENFIELD DEANERY SYNOD

The Deanery Synod met once during the year. All meetings are open to all members of the Anglican churches in Enfield and are preceded by the Eucharist.

Spring 2020

Welcome and opening Prayer: Ian Gallagher welcomed us to his church and parish including Brimsdown, the Industrial Estate, the church primary school and Bishop Stopford. We learnt about the Megabus, which is equipped to engage with young folk.

Clergy News : St Aldhems Licensing and Installation of the Mthr Anna Stuttard as Priest in Charge of the Parish by the Rt Revd Robert Wickham, Sunday 8[th] March 2020 at 6:00pm. Bush Hill Park, St Mark’s have re-advertised the vacancy. Please keep them in your prayers.

Archdeacon John Hawkins spoke about Capital Vision; many conversations have taken place across the Deanery and the outcomes announced in the autumn.

Alison Ruoff stated she is standing down after 27 years on General, Diocesan and Deanery Synods, and that it has been a real privilege to serve.

Father Stuart Owen Announced he is resigning as Area Dean after Easter, he thanked the entire Deanery and the Standing Committee for their support.

Report from Deanery Secretary : The Deanery is still in need of a Treasurer. Please keep Richard Bunce in your prayers.

Main Item: We heard from Deanery Lay Leaders about different forms of social action in which they are involved.

Night Shelter: St Andrew’s, Southgate. Night shelters allow us to put something back into the community and give a way back to it for some using the night shelters, clients come from an established charity. Volunteers offer help and support to the clients.

Mothers’ Union: Sue Johnson, Lay Chair but also Mothers’ Union Diocesan President, spoke of the biggest secret of the Anglican Communion (Archbishop of Canterbury) there are over 4 million members in 84 countries worldwide and volunteers work in local communities putting their faith into action both here and overseas.

Environmentally responsible church. Sandra Anderson spoke with enthusiasm for ECO awareness. Christians should care for creation and the whole world; worship, buildings, church land and lifestyles. The aim is to reach out beyond the church to the local community.

There were no further meetings of the Enfield Deanery Synod.

Diana Stansall, Deanery Synod Representative

REPORT ON THE FABRIC OF THE CHURCH

Although the use of the Church and Hall during the year has not followed a normal pattern, the buildings have nevertheless required ongoing minor maintenance. The major issue for the Hall is the subsidence, reported last year and commented on below.

During the year all the required statutory tests on gas and electricity supplies and installations were satisfactorily carried out. The five yearly Quinquennial Inspection is due in 2021.

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Subsidence - In late November 2018 it was confirmed that the south side of the Hall (kitchen side) was subject to significant evidence of subsidence (sinking). During the last 12 months further subsidence and some heave (rising back up) has taken place. The continuing wet weather at year end will have further re-hydrated the mainly clay sub soil. Our appointed surveyor, Mason Navaro Pledge, has visited the site several times during the year to measure any change in levels on several ‘tell tales’ used to establish the progress of any movement. It appears that a degree of stability has been reached (readings taken in December) show little recent movement.

The hall is built on made-up ground (site of original St Paul’s Primary School) and London clay. We are awaiting a report and recommendation from Mason Navaro Pledge on how to proceed with the necessary work most likely to involve under pinning on that side of the hall. Cost is likely to be around £50,000. There is no sign of any subsidence on the north (church) side.

Boundary Wall – The solution for this issue, which started in 2012, was finally agreed in December 2019 and the work carried out. The contract given to K-side Partnership who completed the re-building over 9 weeks starting in January 2020. Final cost was £48,500. As previously reported, it was not an insurance claim under the terms of our policy, and therefore the cost was borne entirely by the Parish.

Hall and Lodge – Until the subsidence problem is resolved, refurbishment and any future developmental work is on hold. None took place in 2020.

Several minor repair/maintenance issues were carried out. These included repairs to hall central heating boiler, circulating pump and control valves, repair/replacement of life expired corridor and external pathway lighting, plumbing maintenance in gents cloakroom and unblocking the kitchen sinks.

For some of the year the hall complex was virtually mothballed. The only regular user during the year being the Nursery School.

Church – The year started with a collapsed pew seat. This required a straightforward repair, but it revealed that many of the other pew central supports and fixings to the floor were either broken or failing. All were inspected and repaired, as necessary.

The continual rain throughout the winter months identified a small leak in the Servers’ vestry ceiling. This has been investigated and hopefully cured without the need to lift and remove part of the vestry roof.

The lighting in the north and west porches needed replacing following the failure of the no longer serviceable units. New external porch lighting was fitted at the same time.

John Hey, Chair of Church and Premises Committee

FINANCIAL REPORT

It is impossible to begin a review of our finances for 2020 without mentioning Coronavirus. The impact of Covid-19 has been significant but we have weathered the storm so far thanks to the fact that we had a reasonable level of reserves in the General Fund and the PCC took steps to reduce expenditure where possible to mitigate the loss of income.

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Income is down by just over £100,000 for the year. However, income in 2019 was unusually high because we received over £77,000 in restricted funds from the sale of the vicarage garden for the Children and Families Worker. General Fund income in 2020 was down by £24,000. This was mainly because of the loss of income from the Hall. We received over £30,000 less from this source than we did in 2019. We are fortunate that the Stewardship campaign in the autumn of 2019 has meant that our income from planned giving was up by £8,200 in 2020 despite losing contributions from a few regular donors due to the pandemic. We were also very fortunate to have received £7,000 from unexpected legacies in 2020. Our social and fundraising activities have also had to be curtailed and income from these activities is around £5,000 as opposed to £9,400 in 2019. Ways to donate to the church via the website and by contactless payment have been introduced but income from collections and donations is still down by about £4,200 in 2020 compared to 2019.

Total expenditure is up by just over £7,800. Our Children and Families Worker began working from September 2020 for which costs were around £8,600 for the year from restricted funds. Expenditure on the General Fund was down by about £1,000 despite major expenditure on the boundary wall of £48,500 and the Hall of £5,200 (including subsidence investigations).

In order to help reduce costs, the PCC reduced its Common Fund offer for 2020 to the Standard Parish Share of £85,200 from the original offer of £110,000. It also cancelled cleaning and other contracts where possible. Utility costs were reduced as the buildings have not been used for significant periods during the year. Around £10,900 was saved on regular running costs for the church and the hall as a result. We also received an anonymous donation to help towards the additional costs associated with the pandemic which was used for a variety of materials and equipment to help make the church Covid safe and allow live streaming. In addition, we took advantage of the Coronavirus Job Retention Scheme and received around £2,800 from HMRC towards salaries for furloughed staff. We are grateful to Hilary Crocker and Claire Knipe for being so flexible about their employment during this difficult time. We were also extremely grateful to the St Paul’s Trust which kindly maintained its grant at the 2019 level of £5,300 despite the fact that our costs had been reduced by furloughing staff.

The overall loss on the General Fund for 2020 was just over £27,150 which, given the circumstances, is not as bad as it might have been. Our General Reserve now stands at £112,904.

The PCC considered its Reserves Policy at a meeting on 8 March 2021 and approved the following:

It is the policy of this church to keep three months general running costs (hall, church, staff and Common Fund) and a term’s hall income in reserve to cover unforeseen emergencies.

On the basis of annual expenditure of around £200,000 and Hall income of £75,000 per annum this is comes to £75,000.

As we have £112,904 in general funds, we are still reasonably comfortable. However, the reduction in our major source of income, Hall lettings, is set to continue for some time and we still have a number of projects being considered that would involve significant

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expenditure. In particular, it is still not clear what cost may be associated with rectifying the subsidence issues in the hall.

Restricted funds total £202,660. Of this the most significant is the Flaherty Fund (£101,800) which can only be used for repair and maintenance of the Church building. It is likely to be used for the lighting project and redecoration of the Church. The Hey Fund is used for projects put forward by the family. I understand they are currently considering the cleaning of the stained-glass windows after the lighting project and redecoration are completed. Other funds are fairly self-explanatory.

Alison Atkins, Treasurer

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PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH, WINCHMORE HILL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020 TOTAL Nctes Funds Funds INCOME AND END0WMEf￿S FROM: DC￿tionS and Legacies 109,676 6,-ry6 115,97: 180,747 ikner Tradiw Ath'v￿.es 45,856 45,856 76,:47 Charitsble h£bvtt 11,099 11,099 1:,567 933 IN13 1,4:7 331 331 4,:13 TOTAL INCOME 167 895 174 671 275 201 EXPENDITURE ON: Raising FurKIs 577 1,413 Charrtable Activities 19=.885 16.791 209.676 194,CK15 1,585 1,585 8,561 TOTAL EXPENDThURE 211838 203 979 NET INCOME/ (EXPENDITURE) -27,152 -10,015 -37,167 71,222 GAIN/(LOSSES} ON INVESTMENT5 Realised Unrealised Total Funds Brought F￿all1 Adjustrnent 140,056 11,747 1:8,680 480,483 407,135 Adusted Furnls BIF(Thard 140,056 11,747 1:8,680 480,483 407,135 TOTAL FUNDS CARRIED FORWARD 111904 202,660 128,680 444,244 480,483 Movements on all itterves and all recognised and Ic6ses are shoknm ab)Nt. All ￿ the ¢x9an1satr￿'s operab.ons al'e dassed a5 conb"nuing. The notes on pages 3 to 8 fryTn part c* these finarKial statement&

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH, WINCHMORE HILL BALANCE SHEET AS AT 31￿ DECEMBER 2020 31-Dec Vnrèstrirted R•stri¢ie¢ Endowmernt 2020 Funds Funds Funds Totsl 31-Dec 2019 Tol•l TangM)le assets Investment a￿ts 128,680 128.6 14.413 143,103 128,680 13,495 2b 128.680 Debtors Cash at bank and in hand Short Tvm Qep09ts 4,933 74.468 34,610 4.933 75.386 222,847 5,109 117,196 221,905 918 188,237 Tot•1 Curr•nt AM¢ts 114.011 189.155 303,166 io Creditors: amounts l•#lng due wlthin one year -1,107 -918 -2,025 -5,902 NET CURRENT ASSETS 301 141 338 308 TOTAL Assrrs less current Ilabl1￿eS 111904 201660 128,600 444,244 480,483 244 480.483 PuThds ol th• Charity General Funds Restricted Funds 112.9LM 112,gM 202,660 140,056 211,747 202.660 C•pit&l Fund Pemanent enth)wment Funds 2a 128,680 128,680 128,6BO T¢Jtsl Pu￿15 Approved by PCC ￿ 8th ￿r¢h 2021 and Signed on their behalf by ......... ... 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 I. ACCOUffflNG POLICIES The financial statements of the PCC have been prepared in Mth the Churth Ac￿un￿r#j Regulats"ons =006 together with appli¢Jble ￿c￿nkn.ng standards and the ￿Rp =015 (FRSSE) bJt a cathflow statement is not induded as the PCCS Ir￿orne is below £500,000. The finanaal statements have been prepared u￿ler the historical o)st ￿nventiOn except the valuation of investment assets. whth are shown at rna￿et value. The finanaal staterr￿ts IrKlude all ts3nsathons, assets and liabilities for b¥hith the KC is reskyjngble in law. They do not inclthe the accounts of O)urth groups that owe tsii. main affi1￿￿On to ancthr bodyi thce that a￿ Informal gathenws of thurth memkrs. Fund5 Endowment fiJTrJs art fiJnds. the captsl of which must be maintained; only irKome arisTrJ ftDm investment of the endowment may be used either as restrKted ¢x unrestrKted funds depuKling ukx)n the puryK6e for whith the endowments was established. Restricted Funds reprttent lal income fTom trusts or endoVM￿nts Ythith may be extended only on those restiicted objects prOV￿ed in the terms of the trust ￿. the bequest, and (b} donats"orG ￿. giants 1￿C￿ved for specific object or inwted by the ￿C for a 5peofic objecL The funds may only be experwjed on the speafie object for whith ts were given. Any balance remaining unspent at the end of eath year must be camed for4ard as a balan￿ on that fund. The PCC does not usually invest sepaTrtely for eath fund. Vffie￿ there ts no separate investment, interest is aPp￿￿One￿ to 1rKliv￿Ual fuTrls on an avefage balarKe basi& UnrethLted FuTrJs are general vthith can be L*ed for PCC Lydinary purF4)ses. Inconiing Resource5 Planned giving. ￿leCtiC￿￿ and dcrfwb.ons are rerrAJnsed when recei¥Ed. Tax refuTrJs are r￿nISed wthen the irKoming resource to they relate are received. Gr3nts and Legacies are accounted for when the PCC ts legally entitled to the arn￿nts due. Diwdends are accounted for when receivable, interest is a(￿￿￿. All other income is recognised when rt is re￿r¥able. All irKoming resour￿ are accounted for grDSS. GIBnts and donab.ons are accounted for bvhen paid over. or when awarded. rf that award creates a biTraing obligètKJn on the KC. The diocesan quota or pansh Sha￿ Is accounted for when due. Amounts ieceived specifically for Mission are dealt with a5 rEstTiCted fiJTrJ& Ail cther eXpend[tU￿ is generally recojnised wthen it is incuffed and ts ￿cOunted for Grr Fixed Assets C￿seCTrted and Benefica prc¢)erty is exduded fr￿n the ￿Cc￿rtS by s.10(:) of the d￿ritieS .011. No Value is pla￿ on r￿Vable church fumishiThJs held by the thurch wardens on speaal for the PCC and whith require a faculty fw dis￿631 $i￿e the F£C considers this to be inal￿nable pn)perty. ￿1 expenditutE irKurred duriTrJ the year on consecrnted or benefi￿ buildings movable thurch fumishings, whether maintenance or irnwovementy is wrtten off as expeTrJiture in the SOFA and separately dig4osed. Equipment used with"n the churth premises is depreciated a straight line bair s over 4 yea￿. Inavidual items of equipment a purchase pri￿ of £l,Ofy) or I￿ are ￿tten ¢)ff when ￿ asset is acquired. Investments are Val￿ at market value at 31st Decernber.

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH, WINCHMORE HILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Grants payable without perfomkince conlrrtions These are only I'ecognised in the accourts when a commitrrb2nt has been WKI there are no ￿nditionS to be relatsng to a grant vthith remain in c(M)trol of the charity. Changes in Accounting polioes and pre￿0￿5 accounts There have ￿en no thanges to ￿ ￿0)untir￿J poliaes (variatic￿ nAes and meth(xts d ￿(￿nts"r￿j) since last year. Basis of preparation: The finarKial statements have been prepared on the historical cost basis of accourting rn accordan￿ wrth the Chaiitses Act .011 and In accordan￿ ¥￿th applicable accounbng standai'ds. In prepaiing the finanoal ststements the charity follows best practi￿ as laid do¥m in the Statement of Reojrnmended Pradi 'IKcounting a￿1 Reporbw by Chantres" (SORP =015). 2a. TANGIBLE FIXED ASSETS Freehold Land & thurth Buiklings Ckgan Endowment Church crffice Equipynent Equipment Unrestricted Tctsl EQUIFt4E OIIOV:020 115,138 13,54: 5,122 4,089 137,891 Additions 115 138 137 891 Depreaation Chaige Depieoatsw at oi/0y:o: 4,089 9,:11 311iJ:O:O 89 Net Bc<Jk Value Net EK¥)k Value 3111212020 115 138 3111J:019 115,138 13,54: 1:8,6BO The freehold land and buildings br(wht forward compr6e the wrate's house (The L￿ge), the churth hèll and improved acress work and are ststed at hIst￿lCa1 cost less grnnts re￿iVed (of £1:8,000). They a￿ IrW￿d for £198,695 and £:,800,000 ￿$l¢bVeIy. 1.019.. £19=,161 and £=,704.000) The consecrated and beneficed n)vable thurch furnishir￿S are in9j￿d for £ll,=OO,(KIO (?019: £10,816.0001. The churth c*uan is stated at hikncal c£& is irEured as part of thurth proF￿. As at 3111J=o there were no caprtal conwnittrr)ents (3111J19: Nil) 2b. INVESTMENT ASSETS VALUE ?o=o VALUE 019 As explairEd in note l. Investrn￿ are ￿ated at market value aTrJ CL￿priSe of 704 sha￿$ ￿th the Central Board of h"nance: 14,423 13,495

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH. WINCHMORE HILL NOTES TO THE FINANCIAL STATEMENTS (contiiiued) FOR THE YEAR ENDED 31ST DECEMBER 2020 3. INCOME AND ENDOWMEpifs FROM: Unrestiirted Rekntted Endowment TOTAL Funds Funds FuThds TOTAL 019 a) Donations and Lega(ies Planned Givir4J Covenanted, Gift Aided and Other (regular) Income Tax & &ft fiecoverable Cdlectio G17nts Donations Legacies 7:,510 17,807 790 7=,510 17,807 ,790 5,:96 10,569 7,000 64,:90 16,149 14,331 8=,773 3,=04 5,-96 1,000 9,569 7,(KlO b) Other Trading A(tivities Churth Hall Lettir 45￿56 45,856 76,:47 c) Inconiing Resources frnm Charitable Activities Sale5, Fai￿ etG Swal Funthons, Coffee etG Church Magaine Church Fees 649 6,7=0 79 1,651 649 6,7:0 79 1,651 1.310 3,516 d) Invesiments Dividends Interest 404 1009 39- 1035 933 76 33 42 e) Other Incon Lcdge Rent "Igrimage Incorne Other Income ,000 1,950 63 331 331 331 331

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH, WINCHMORE HILL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020 4. EXPENDrtURE ON: un￿stritted Restrirted EndoTAment TOTAL Funds Funds Funds TOTAL 019 a) Raising Funds Cc6t ￿ furKI raising 577 1,413 b) charitable Activities Grants to Oth￿. Charity Cost of Social Events Ministry.. Diocesan Qu(*a aergy Expenses Recruitment o)sts PastoRI Assistsnt Children & FamIl￿S w0￿er i.:00 5,460 I,:00 5rt60 1,575 1,751 85,975 1.379 85,975 1.379 458 106,369 1,431 1,:35 5,155 458 io io 8,114 535 8,114 I,o=o 8,8=1 ,733 3,994 48,574 305 789 11,873 4,595 5,070 Church Running Costs Upkeep of SeNices Mugc Upkeep of Gr(yJnds Vicar3ge Costs chU￿h Management & Administratic￿. Administrator's Salaries Parish Offi churth Hall Runr¥ng Costs Churth Hall major repair wcffk Independent Examirws Fee Insu13n 8.8=1 1.781 95= 78: 48,574 305 97 io 4,017 3,999 I.￿73 5.196 660 5,=96 654 9,313 4,653 1=,873 5,196 660 8.948 4,967 5,753 540 8,878 c) Other Expenditure 1,359 1,359 6,501 1,9:9 131 Ignmège costs Miscellaneous 18

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH. WINCHMORE HILL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020 5. REsfRICTED FUNDS Balar￿. ouoi/:O Balarce I￿£￿Tre Expendtture Transfw ReValUats￿ 311iJ:O G3rden of Rest Sha￿$ at Valuab￿ date Short Term Depogt & dividends Haheth Fund Children & Famils WcKker Fur Hey Fund Musc Fund St Paul's WirKhmore Hill TtusV* Covid-19 Response 13,495 1,155 101,800 76.:4= 1,396 17.659 14,4:3 1,560 101,800 66,5:9 1,396 405 -9.713 75 5,:96 1.000 -5,=96 -i.wo 11,747 6,776 -16,791 0=,660 e fijnds of the St Paul's ￿nthrnOre Hill Trust are not induded in the ac£ourts as this is a Separately Registe￿ Charity (No. 85596). Any arn￿ts donated to the PCC will be Irtd￿ed in the actounts In Total Unrvknrted Re#rirted 31-Dec Fund FUTr 2020 Total 31-Dec 2019 6. CASH AT W4K AND IN HAND Royal Bank cl ScodarNI Accounts 74,468 918 75,386 117,196 Total Unrestnrted Resthrted 31-Dec Fund FUTr 2020 Total 31-Dec 2019 7. SHORT TERM DEPOSITS Garden of Re Bequest Furnl 382 16,95= I70,￿3 38: 17,667 04,798 380 17,593 ?03,93: 715 33,895 34610 188237 222847 221905 Total Unrestnrted Restrirted 31.Dec Fund Furn 2020 Total 31-Dec 2019 8. DEBTORS AND PREPAYMErirs Tax Recrjverable 4,933 4,933 4,758 351 4,933 4.933 5,109 19

PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH. WINCHMORE HILL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020 9. (J4EDITORS ACCRUALS AND DEFERRED INCOME: AMouKfs FALLING DUE wrrHIN ONE YEAR Total Total FUTh4 2020 2019 Acouals Hall prePaYrr￿ts A4ery Cdlecticts IrKlependent E¥wnirws Fee 447 447 1.333 2.302 1.727 918 918 918 10. STAFF cosrs AND NUMBERS 2020 2019 17.427 3.111 18.882 4,305 (￿ganISt (self wnpltrfftl) ¢&vss Wajes a￿1 S￿les 20 538 Thè CtrKrTch employs two part-tim? adrnrnlrnt￿ and a Ch"Idr•n & F>nilies Worker (from SeFtember 2020). In 2019 it eMF4Oy￿ (urtil June) a Pastotal A5"sr￿, It pays an ¢)fganist is self èmployed. No employee rpceived emoluments in excess of £60.c￿. The h"gures 2020 arp rt rf i￿rne (£2,798) frrffi 2020 TOTAL 2019 TOTAL 11. TRUSTEES AND OTHER RELATED PARTIES payments made to mefnber5 d the PCC ¢x any per5£Y￿ ccnnected knryth them duiirwj this financial period. per￿ reygned fvwi the prc to take the of childrw & Farnil￿ WodÉer. No rther material tr￿5￿cts.(ffl took place bet￿￿ the organisatw a PCC C￿nerted ￿th 12. PUBLIC BENEF Thè KC knowltsjges its to demonstrate dearty that it must have thartsble puryjoses or'aims. that ate ftr the wblic benefiL 13. RISK ASSSESSMENT The t￿SteeS acknvdy review the major risks wtrth the dwity fa￿ on a regu13r arKI bel￿e th maintainirg the free reserves ststed combined with revie¥4 of the controls over key finarKial systerrs will prowde suffiowt ￿5￿TreS in event of adverse condrtiDX6. The tnfjtees have also examitd oth cpwab.onal atyl ik￿"nesS risks and confiffn that have erta4ished systems to mrtigate ggnifKart risks. 14. POST BALANCE SHEET EVENT The twstees rthfied £4 a s4knnti* legKy from Mts Patjicia DiKk in 2020. for her wi11 was granted in late P4ovwnbw. The s(Aiotw dealir4 tr￿th the estate has indicated that arrw)unt due to be received is in the regi¢)n d £115,Cth to £128.CK>O. It is Éxpected that the furds Mll be paid by se￿￿ber 2021.

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL ST PAUL'S CHURCH, WINCHMORE HILL I report on the ac£ounts for the year eThled 31st Decemter ry020 set on pa9es I to Respeclive Responsibilities of the PCC and the Ex￿nineT The membe13 of the PCC con&der that an audit is not required for this year uThJer seth.on 144(=) of the thaiities Act .011 (the =Oll Art) and that an Indepen¢Jent examinati(￿ is rttded. It is my responsibilrty to: examine the accounts urKler sec￿￿ 145 of the =Oll Act; follcvlf the prcKedures laid down in the General ￿"reth"u￿ gNen by the diarity CommiSsic￿E uTrJer s￿￿On 145(5llb) of the Act; aTr state whether particular matters have crffie to my attenti¢￿. Basis of Independent Exan¥ner's Report My examinab'on was carried CArt in accordarKe Y4ith the Gerthl Directh?ns gihtn by the Chènty Commison. An examirth.on tr￿1￿leS a rerfiew the accwntirvj rec23rth kept by the and a comparison cl the accounts th those IEcords. It also inclLJes congderiTrJ any unusual items or disdc6ures in the accounts and seeking explanations frcrfn ￿ prc cryKerniw th mattw& The prccedures undertsken do not prowde all the evide￿ that Y￿uld be requi￿ in a full a￿[t. and o)nsequendy I do not express an audit oF¥nIc￿ M the axount& Independent Exaniiner's Statenient In cr￿￿e￿i"C￿ with my examinab"on, no matter has cnme to my attention: l) whKh gives rne reasonaL4e cause to believe that in any mat￿la1 * the requiremerts to keep a0￿UntIng reo)rds in ￿0)rdan￿ SeCK￿ 130 d the .011 Act; aTh4 to prEpare ac£ounts which accLYd vnth the accounb"rwJ rEcords have not been Tnet; or ) to In my opinion, attentim *H￿Id be drawn in to enable a proper u1mknsts￿￿IrrfJ ￿ the act￿nts to be reached. P B Robinson MA4T FCIE Independent Examiners Ltd BIDadbii(hJe Centre Centre Delling Lane Bosham ljthpcndent BN18 OAS Dated: 18th Maith .0: 21