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|||Page|
|---|---|---|
|Index to the Financial Statements|||
|Charity Information|||
|Trustees' Report||4-7|
|Statement ofTrustees' Responsibigtles|||
|Independent
Examiner's|Report||
|Statement ofFinancial Activities||10|
|Statement ofFinancial Position|||
|Statement ofCash Flows||12|
|Accounting
Policies||13-14|
|Notes to the Accounts||15-19|
##
|Charity|Information|Information|Information|Information|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|for the|ear ended|||31 December|2020||||||||||
|Status:|||||The Parochial
Church||Council (PCC) is a corporate||||body established|by|the Church of||
||||||England.
It is constituted||||and|governed
by the Parochial Church Councils (Powers) Measure|||||
||||||1956(as amended)|and||the Churoh Representation|||Rules (2011).The members|||ofthe PCC|
||||||are its trustees
under||charity|||law and are referred to as such throughout|||this report.||
|Charity name:|||||StJohn ofJerusalem||with||Christ Church South Hackney||||||
|Other operating|||names:||StJohn of Jerusalem,||South|||Hackney|||||
|Charity registration||||number.|1134256||||||||||
|Registered||office:|||StJohn ofJerusalem||||||||||
||||||Lauriston
Road||||||||||
||||||South Hackney||||||||||
||||||London
E97DH||||||||||
|Operations||address:|||The Rectory||||||||||
||||||9Church Crescent||||||||||
||||||South Hackney||||||||||
||||||London
E97DH||||||||||
|Chair:|||||The Revd Andrew|Wi1son|||||||||
|Treasurer:|||||Dr Julia Learning||||||||||
|Secretary:|||||John De La Cruz||||||||||
|Churchwardens:|||||Val Harding||||||||||
||||||Datoru BPaul-Worika||||||||||
|Independent||Examlnen|||Anthony Armstrong
Armstrong 6Co||FCA||||||||
||||||Chartered
Accountants|||& Statutory Audiior|||||||
||||||4a Printing
House|Yard|||||||||
||||||Hackney Road||||||||||
||||||London
E2 7PR||||||||||
|Bankers:|||||HSBC Bank pic||||||||||
||||||31 Holbom||||||||||
||||||Holborn Circus||||||||||
||||||London
EGIN 2HR||||||||||
##
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|registered
chari|ty on 11 February 2010,|number 1134256.||
|---|---|---|---|
|PCC members|who have served from 1|January 2020 until the date this report|was approved
are:|
|Incumbent:||The Revd Andrew Wilson|Chair|
|Assistant Curate:||The Revd Deacon Gill Newman|(Until 26June 2020)|
|||The Revd Shana Maloney|(From 5July 2020)|
|Wardens:||Val Harding||
|||Datoru BPaul-Worika||
|Representatives|on the Deanery Synod:|Val Harding|(Until APCM - 27Sept 2020)|
|||Gerry Hams|(Until APCM - 27Sept 2020)|
|||Basil Weekes||
|||Lesley Milner|(From APCM - 27Sept 2020)|
|Elected members:||Maria Barker|(From APCM - 27 Sept 2020)|
|||Beverley Brunton|(Until APCM - 27 Sept 2020)|
|||John De La Cruz|Secretary|
|||Kurt Diminieux||
|||Paulette Francis-Ingrann||
|||Gerry Harris|(From APCM - 27Sept 2020)|
|||Joan Hiza|(Until APCM - 27Sept 2020)|
|||Robin Hopkins|Vice Chair (from 10Nov 2020)|
|||Helen Johnston|(From APCM - 27Sept 2020)|
|||Dr Julie Learning|Treasurer|
|||Dr Roger Makanjuola|(From APCM - 27Sept 2020)|
|||Shirley Miekle||
|||Joanne Momson||
|||Tonya Paul-Worika|(Until APCM - 27 Sept 2020)|
|||Laura Pearson|(From APCM - 27 Sept 2020)|
|||Elizabeth Taylor|Vice Chair (Until APCM - 27Sept 2020)|
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Rsstnctsd|ToistFunds|TotstFunds|
||||||Funds|Funds|||
|||||Notes|||||
|Income from:|||||||||
|Donations
and legacies|||||55,589|34,097|89,686|87,419|
|Other trading activities|||||2,719||2,719|11,336|
|Investments|||||191|4,759|4,950|4,988|
|Total income|||||58,499|38,856|97,355|103,743|
|Expenditure
on:|||||||||
|Raising funds|||||777||777|2,630|
|Charitable
adivities|||||70,673|26,834|97,507|117,492|
|Total expenditure|||||71,450|26,834|98,284|120,122|
|Net income(expenditure)
funds||and movement|in||(12,951)|12,022|(929)|(16,379)|
|Transfers
between|funds|||16|(9,753)|9,753|||
|Net movement
in funds|||||(22,704)|21,775|(929)|(16,379)|
|Reconcigation
offunds:|||||||||
|Total funds brought|forward|||12|223,337|57,860|281,197|297,576|
|Total funds carried forward||||12|200,633|79,635|280,268|281,197|
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|||||||||Notes|2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Cash flows from operating
activities:|||||||||||
||Net cash provided
by (used in) operating||activities||||||(3,042)|(20,679)|
|Cash flows from investing
activities:|||||||||||
||Dividends,
interest
and rents from investments||||||||4,950|4,988|
|Net|cash provided
by (used in) investing||activities||||||4,950|4,988|
|Change
in cash and cash equivalents||in the reporting||||period|||1,908|(15,691)|
|Cash and cash equivalents
atthe beginning||||ofthe reporting|||period||281,530|297,221|
|Cash and cash equivalents
atthe end||ofthe||reporting||period|||283,438|281,530|
|Notes to Cash Flow Statement|||||||||2020|2019|
||||||||||E|E|
|1|Reconciliation
ofnet income/(expenditure)||||to net cash flow from||||||
||operating
activities||||||||||
||Net income/(expenditure)
for the|reporting|||period (as per||the statement|offinancial|||
||activities)||||||||(929)|(16,379)|
||Ad)ustments
for.||||||||||
||Depreciation
charges||||||||473|629|
||Dividends,
interest and rents from investments||||||||(4,950)|(4,988)|
||Increase/(decrease)
in creditors||||||||2,364|58|
||Net cash provided
by (used In) operating||||activities||||(3,042)|(20,679)|
||||||||||2020|2019|
||||||||||E|E|
|2|Analysis ofcash and cash equivalents||||||||||
||Cash in hand||||||||283,438|281,530|
||Total cash and cash equivalents||||||||283,438|281,530|
##
||Accounting
Policies|||||||||
|---|---|---|---|---|---|---|---|---|---|
||for the
ear ended 31 December 2020|||||||||
|1|Accounting
policies|||||||||
||Basis ofpreparation|||||||||
||The financial statements
have been prepared
in accordance
with'.|||||||||
||a) Accounting
and Reporiing
by Charities: Statement
ofRecommended
Practice applicable|||to charities||preparing||their||
||accounts
in accordance
with the Financial Reporiing
Standard
applicable
in the|UK and||Republic|of|Ireland (FRS|||102)|
||(effective 1 January 2015) - (Charities SORP FRS 102);|||||||||
||b) the Financial
Reporting
Standard
applicable
in the UK and Republic of Ireland (FRS102)(August||||2014)|||||
||c) the Charities Acl2011.|||||||||
||Pubgc benefit entity|||||||||
||The charily meets the defination
ofa public benefit entity under FRS102.|||||||||
||Going concern|||||||||
||There are no material
uncertainties
about the charity's
ability to continue
and accordingly
the accounts|||||have been||||
||prepared
on a going concern basis.|||||||||
||Income recognition|||||||||
||Voluntary
income and donations
(including
legacies) are accounted
for once the PCC has|||entitlement|to the income,||||it is|
||probable
the income will be received and the amount of income receivable can be|reliably||measured.|Income from|||the||
||recovery oftax on giff aided donations
is accounted for in the period to which the relevant||donation
is received. Grant|||||||
||income is recognised
on a receivable basis.|||||||||
||The income from trading
activities includes
rental income from the letting ofchurch|premises
and freehold|||||land and|||
||buildings
which is accounted
for when earned.
It is shown gross, with the associated costs|||included|in fundraising|||costs.||
||Interest on funds held on deposit is included
when receivable
and the amount can|be measured
reliably||||by the charity;||||
||this is normally
upon notification
ofthe interest paid or payable
by the bank.|||||||||
||Expenditure
recognitlon|||||||||
||Expenditure
is accrued as soon as a liability
is considered
probable,
and the amount of obligation
can be||||||measured|||
||reliably. Longer term liabilities are discounted
to present value. The PCC is not registered|||for VAT and||accordingly||||
||expenditure
includes
VAT where appropriate.|||||||||
||Expenditure
included
in Raising Funds includes amounts
incurred
in obtaining
grants and|||other donations|||and properly|||
||maintenance
costs.|||||||||
||Charitable
expenditure
includes those costs expended
in fulfiging
the PCC's principal objects, as ougined||||||in the Report of|||
||the PCC. These include grants payable. governance
costs and an apportionment|ofsupport costs.||||||||
||Grants payable are payments
made to third parties
in furtherance
ofthe PCC's objects. In the case|||||of|an unconditional|||
||grant offer this is accrued once the recipient has been notified ofthe grant award. The|||notification|gives the recipient a|||||
||reasonable
expectation
that they will receive the grant. Grants awards
that are|subject||to the recipient|||fulfilling|||
||performance
conditions
are only accrued when the recipient has been notified|ofthe grant and any||||remaining||||
||unfulfilled
condition attaching
to that grant is outside ofthe control ofthe PCC.|||||||||
||Governance
costs comprise
ag costs involving
the pubgc accountability
ofthe|PCC and its compliance|||||with regulation|||
||and good practice. These costs include costs related to the independent
examination||and legal fees.|||||||
||Rentals under operating
leases are charged as incurred
over the tenn ofthe lease.|||||||||
||Restricted Funds|||||||||
||Restrided
funds are to be used for specified purposes as laid down by the funder.|Direct||and support||expenditure||which||
||meets these criteria are identified
to the fund together with a fair allocation ofother costs.|||||||||
##
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|1|Incoming resources||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The incoming
resources|and surplus are attributable|||||to|the principal|activities ofthe|charity.|||
|2|Net outgoing
resources||||||||||2020|2019|
||Nef ouigoing resources ere sialed alter||||charging:||||||E|E|
||Independent
Examiners|fees -||Independent||Examination||services|||1,200|1,200|
||Depreciation - owned assets||||||||||473|629|
||||||||||||2020|2019|
|3|Income from donations||and|legacies|||||Unrestricted
E|Restrictedf|Total|Total
E|
||Planned
giving||||||||32,417||32,417|35,995|
||Collections at a1services||||||||3,610|1,227|4,837|11,811|
||Sundry donations
and appeals||||||||1.467|30,727|32,194|24,314|
||Income tax recoverable||||||||7,345|143|7,488|13,299|
||South Hackney Ministers||Discretionary||fund|||||2,000|2,000|2,000|
||Legacies||||||||10,750|~urT|10,750
0&sr||
||||||||||||2020|2019|
|4|income from other trading activities||||||||Unrestricted|Restricted|Total|Total|
||||||||||E|E|E|E|
||Bazaar and other fund-raising|||activities||||||||4,418|
||Traidcralt||||||||68||68||
||Church
Hall lettings||||||||500||500|3,796|
||Fees from weddings||||||||979||979|1,519|
||Assigned fees||||||||1,172||1,172|1,513|
||||||||||2,719||||
||||||||||||2020|2019|
|5|Income from Investments||||||||Unrestricted
f|Restricted
E|Total
E|Total
E|
||Investment
income||||||||191|4,759|4,950|4,988|
||||||||||||2020|2019|
|6|Expenditure
on raising||funds||||||Unrestrictedf|Restricted
E|Total
E|Total
E|
||Assigned fees||||||||633||633|2,205|
||Stewardship
costs - envelopes||||||||144||144|141|
||Bazaar and other fund-raising|||activities||||||||284|
||||||||||777||||
##
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||||Olflce||
|---|---|---|---|---|
|10|Tangible fixed assets||equipment|Total|
||||E|E|
||Cast||||
||As at 1 January 2020||5,393|5,393|
||As at 31December 2020||5,3 3|5, 93|
||Depreciation||||
||As at 1 January 2020||3,512|3,512|
||Charge for the year||473|473|
||As at 31December 2020||||
||Net book value||||
||As at 31December 2020||1,408|1,408|
||As at 31December 2019||1,881|1,881|
|11|Creditors: amounts|falling due within one year|2020|2019|
||||E|E|
||Accruals||4,578|2,214|
||||III
4,5|14|
##
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|||||Opening|RUSUUrcss|Resources|Other|Closing|
|---|---|---|---|---|---|---|---|---|
|12|The funds ofthe charity:||current period|balance|arising|utlllsed|movements|balance|
|||||E|E|E|E|E|
||Restricted funds||||||||
||Restricted
income funds
Iar
I'|||57,860|38,856|(26,834)|9,753|79,635|
||General funds|||223,337|58,499|(71,450)|(9,753)|200,633|
|||||||99HUI|||
|||||Opening|RssoUrces|RssoUrcss|Other|Closing|
|13|The funds ofthe charity:||prior period|balance|arising|utalsed|movements|balance|
|||||E|E|E|E|E|
||Restricted funds||||||||
||Restricted income funds|||59,305|29,461|(31,240)|334|57,860|
||II||||||||
||General funds|||238,271|74,282|(88,882)|(334)|223,337|
|||||||(120,122)|||
|||||Opening|Incoming|RUSUUrcss|Transfers &|Closing|
|14|Restricted funds: current||period|balance|nlsoufcss|expended|adiustmenls|balance|
|||||E||E|E|E|
||Rector's 'Study Leave'|||121||||121|
||Building refurbushment|||1,109||8,334|7,225||
||Bridge The Gap - Families||In Need||6,927|7,741|814||
||Christian
Aid|||36||36|||
||Delhi Brotherhood|||1,077|809|929||957|
||Fabric fund|||28,906|4,759|||33,665|
||Flowers||||180|404|224||
||Gig's Leaving Collection||||995|830||165|
||Homerton
Neo Natal|||765|569|1,235||99|
||Hands
Up Foundation|||487||487|||
||June Pipe Funeral collection|||224||224|||
||London Diocese lent|appeal||457||457|||
||Ordination
gift collection|||57||57|||
||Messiah fundraising|||1,503|1,405|3,366|457||
||Myeloma
UK|||342|156|342||156|
||Night shelter food appeal||||256|1,288|1,032||
||Organ Appeal|||5,670|10,115|||15,785|
||PrayerBus|||901|||(901)||
||Rector's discretionary|fund||5,704|10,000|263|901|16,342|
||South Hackney
Minister's||fund|1,516|2,000|500||3,016|
||Exterior repairs
fund|||8,643||||8,643|
||WaterAid||||530|||530|
||Womankind||||156
~EY56|342
~IIIIIC||156|
##
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##
|or t|he
ear|ended 31De|cember 2020||||||
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Restricted|Endowment||
|16|Transfers
between funds: current period|||funds|funds|funds|funds|Total|
||General|to restrided||||9,753|||
|||||(9,753)||9,753|||
|||||General|Designated|Restricted|Endowment||
|17|Transfers
between funds: prior period|||funds|funds|funds|funds|Total|
||General|to restricted||||334|||
|||||(334)||334|||
|||||General|Designated|Restricted|Endowment||
|18|Net assets attributable||to funds: current period|funds|funds|funds|funds|Total|
||||||E|E|E|E|
||Tangible|fixed assets||1.408||||1,408|
||Current|assets||203,803||79,635||283,438|
||Current|liabilities||(4,578)||||(4,578)|
||Net assets represented||by funds||||||
|||||General|Designated|Restricted|Endowment||
|19|Net assets attributable||to funds: prior period|funds|funds|funds|funds|Total|
||||||E|E|E|E|
||Tangible|fixed assets||1,881||||1,881|
||Current|assets||223,670||57,860||281,530|
||Current|liabilities||(2.214)||||(2,214)|
||Net assets represented||by funds|||57|||
##
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