## **Christ Church North Finchley Annual Meeting**
## **Introduction**
“Every good and perfect gift is from above, coming down from the Father of the heavenly lights, who does not change like shifting shadows.” James 1:17
The purpose of this special newsletter is to help us to know what is going on in the Christ Church family, so that we can give thanks to God and pray about the way ahead.
I hope you’ll find lots of interest in this. It’s extra important right now that we make the effort to tell each other and to find out about what is going on in the whole church family. The normal week by week conversations that we share at church haven’t been happening. So this report, and our annual meeting on 23[rd] May, have real importance.
It goes without saying that it’s been an unusual year. As I look back and as I read the different snapshots that make up this newsletter, I’m really, deeply thankful that there still is a Christ Church family, and that the Lord has been keeping us through the past year. The context we’re living in has changed. Looking ahead is not about trying to go back to normal – it’s about asking for the Lord to guide us and help as we seek to know and show Jesus as a whole church family in this changed situation. Many of us will be carrying scars, and there will be some gaps in our church family which we will only spot as we gather again more. But there is also some exciting new growth. God’s grace has brought us this far – his grace will lead us on. I hope that as you read this report you will pray with thanks.
Dave Walker
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## **What has been happening in the last year?**
## **Church Services – Dave Walker**
What has been happening?
- During the last few months our Sunday morning services have been able to continue unbroken, thanks to the online facility which we now have at Christ Church. I am really thankful to the Lord for this and for the people who’ve worked hard to make it happen. Inevitably much has been lost during this time: functioning as an online congregation and /or meeting under socially distanced conditions have been difficult in various ways, and have made us miss many important things which we are normally able to do together. I’ve often found myself saying “but what we have is so much better than nothing!”
- As well as just keeping going, we’ve gained in some important ways: our online services have made it so much easier to connect with and include people who are not able to make it to church. They have also made it much easier for us to share what we do with newcomers, and for people who are curious to try us out. These are benefits that we hope to keep going forwards.
- Physically gathering again after so long is a challenge. Loosening restrictions will hopefully make it much easier for the majority of us to gather physically, rather than majority online as we are at the moment – one of our challenges as a whole church family now is to make that change. Some of us will be desperately keen to come back, others of us less so. It’s worth remembering that coming to church is always a sacrificial thing – we give up the comfort of our homes to come together for one another’s benefit, so that we can worship together. Doing this again after we’ve been so used to being at home will need God’s grace, prayer and patience.
- Crucial to this will be getting the youth and children’s groups running physically again. As I look to the changes over the next couple of months of Sunday services, this seems to me the most pressing priority. The fact that our services will continue to be available online will hopefully help with this, in that it will allow leaders and helpers to catch up with the service more easily.
- Our other services have had some extended breaks. The Thursday morning prayer, after some time as a private prayer time during the height of the pandemic, is now up and running again in its usual form. We are really thankful for this helpful service but also conscious that numbers are low after Lockdown. The evening service has not yet begun again.
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## **Church Council – Christine Denny**
During Lockdown, the Church Council continued to have “Zoom” meetings on alternate months.
Most of the items on the Agenda covered the day to day running of the church but there are two significant outcomes to report.
After lengthy discussions and much prayer, it was decided to invest in an audio-visual package which would allow services to be streamed from church and viewed on YouTube and Facebook enabling a wider congregation to watch the services. It was also agreed to employ Kelly Morris on a part time basis until December 2020 to operate the equipment and that Kelly would train volunteers to take over from her. In January 2021, the Government imposed a three-month National Lockdown giving little opportunity to train them so it was decided to extend her contract until December 2021 by which time a group of volunteers should be available on a rota basis.
In February 2021 it was agreed to implement the first phase of the refurbishment of the Church Hall starting with the kitchen, toilets, lobby and the “store cupboard”. Work scheduled to be completed by the end of June.
## **House Groups & Hubs – Dave Walker**
One way that we have seen some real growth during the pandemic is in the ways that we have managed to keep in touch with each other and support and encourage each other, when so many of the usual channels of communication haven’t been functioning. Here is some of what has been happening:
- Housegroups are midweek gatherings where we study the Bible, pray and share our lives – like nuclear families within the broader Christ Church family. Three of our house groups have continued to meet online throughout the pandemic, with one other group meeting physically when restrictions have allowed. I (Dave) have tried to provide Bible study materials based on the Sunday services for most weeks but have often struggled to produce them on time – I’m very grateful for Andrew Demetriou who will be helping with this from now on.
- Hubs began at the start of the first lockdown as a way of helping us to keep in touch with each other and support each other and hopefully to prevent people from becoming isolated from the church family. They consist of contact groups with leaders. These were really important in the first lockdown – I think it’s fair to say that while some have continued well, others have struggled or ceased in the second lockdown.
- Christ Church Whatsapp group: This has been a valuable way of sharing prayer requests and Bible readings and other news and encouragements. It has grown into an important part of our church life, and was especially important when the lockdown
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- was tightest.
- Weekly Newsletter: I’m thankful to Colin for producing this each week – having started almost a year ago, this now has quite a wide circulation within the church family and is our main way of sharing news.
- Christianity Explored. We held an online course between January and March which had 5 regular members (plus 3 leaders). There were great discussions.
## **Prayer – Ian & Sue Fabray**
Every Monday evening from 7 15- 745pm we have prayer on WhatsApp, apart from the third Monday when we meet together on zoom. We share prayer requests on WhatsApp so we can pray in our own homes for each other and the needs of the world. Once a month its lovely to physically see each other on Zoom. We usually begin with a Psalm, and average 1012 people praying together. It's been encouraging to see one or two new people coming but would be lovely to see more.
## **Youth & Children’s Groups - Maggie Thorp**
We are grateful to the Lord for all we have been able to do online with our children and young people. Online engagement was really high at first but after over a year of everything, including school work, being on a screen the number of children and young people responding has lessened. Please pray for them.
In June we will be back in the hall face to face. Hurray! We want to continue to teach and enthuse them as they grow in faith and knowledge of the Lord. But we do not currently have enough volunteers to do this. So, we are wondering who God is prompting to step forward to help!
## **Safeguarding - Maggie Thorp**
We continue to carry out Safeguarding checks on our new staff and volunteers.
## **Missions - John Cooper**
Surprisingly, the pandemic has been an encouragement to our work. We have had the Morts in Nigeria and the Tomlinsons in Lebanon taking part in our services via zoom. This has brought them face to face with a larger section of the church.
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## **Finance - Ronnie Mathews & Paul Smith**
This last year has been a very different year for church finances. In general, the finances have held up this last year. However, there is a big **BUT** . We have a surplus but only because we thankfully received two legacies totalling £80,000 **AND** we agreed with the Diocese that we would temporarily reduce our monthly payments to the General Fund by 50%. Without the legacies and the reduction to the Diocese we would have lost about £40,000. Giving to the church has held up reasonably well, with many people moving over to direct payment by standing orders. It is noteworthy that operationally the church still pays out more than it receives in giving (somewhere in the order of £30,00). Usually, the short fall is covered by revenue from other events and from Hall income. Needless to say, this year our costs for the running of the Hall exceeded our Hall income. The money received by way of rent from 622 High Road has to be repaid to the Church Maintenance Fund.
## **Stephens Hall - Will Hawkes**
After an extensive consultation with the church family, at the start of 2020 plans were approved to upgrade aspects of the Hall, with the focus being to renovate the kitchen and toilets in the first phase. The approved budget for the work was £70,000. The project was put on hold during 2020 due to the pandemic, and work finally started in March 2021. Barnet Council agreed to provide £5,000 in funding towards the project.
The usual Hall users were active at the start of 2020 (badminton, dancing, Brownies, Red Cross and of course church groups), however the Hall was closed from March due to the situation. At the end of the first lockdown a rigorous set of covid protocols were put in place and some users were able to return in the autumn.
Maryte Ladygaite was hired as the Hall caretaker in the summer, with a focus of the work being on maintaining high cleaning standards. She worked during the autumn between the lockdowns, however chose to resign from the job as she had moved to South East London and the commute was too far. She will be replaced in 2021.
A standard pricing tariff is in place which ensures transparency for all users, and simplifies the staff workload. This will be adopted in 2021.
## **622 - Paul Smith**
As you are aware the renovation and conversion of 622 High Road into two flats was completed last year. It was signed off by Building Control and received a 'completion certificate'. Both flats were furnished. The flats were advertised privately by me and Val on 'Open Rent' (an online platform that also lists on 'Right Move' etc.). This all involved a lot of paperwork was produced. The flats have been let out to two young couples, with both tenancies starting on 27[th] July 2020. All tenants seem happy, everything seems well and both tenants are paying their rent on time. The rent received is £1,250 per month for the 1 bed first
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floor flat and £1,425 per month for the ground floor 2 bed flat. The church therefore receives a total income of £32,100 per annum in rent. Jacy (the Builder) has been back on a couple of occasions to fix very minor issues.
## **Technical Ministry - Kelly Morris**
During the last 12 months we have gone from a church that was in-person only, mainly using hymn books, song sheets and real-life Bibles to a church that is, to coin the buzz word of the day, hybrid!
We are now (and have been for a long time) a church family that is both online and in-person. Through this we are reaching out to our church family as we knew it before the pandemic started, as well as being able to welcome new people to our family who may never have visited us in person. Members of our family who have moved away are now joining in with our services again from wherever they are, and thanks to zoom they have even joined us in our small groups on occasion, or when we have done coffee together on zoom after a service.
This pandemic has taught us that church is so much more than four walls, and however much we may have felt technology was a distraction and something that stopped us from building real relationships previously, it has now become the only way we have been able to connect with each other properly for over a year. I constantly find myself asking where we would be if we didn’t have these facilities that we have today?!
Anyone watching the service online or in-person will have spotted that we have made an investment into some equipment to enable us to carry on as a church. The first was for a camera and interface to enable us to carry on live streaming once we moved back into the church building, and shortly after we invested in 4 screens and some control equipment to benefit members of our congregation in the building, eliminating the need for hymn books etc. during a time when sharing items like that was (and still is) quite difficult.
**I thank God for all the support I have received to be able to make these changes, and the generous donations from all of you to be able to pay for them.**
## **English Tuition Classes - Rosemarie Nixon**
ETC has been on zoom since Easter 2020; we are on our 40th session!
All four classes are meeting electronically and some of our ladies, who had to return home for various reasons, now join us from Japan, Taiwan, and other far-flung places.
## **123 Club - Christina Siattis**
During the last year, owing to the circumstances of the Covid-19 pandemic, the 123 club was unable to operate and run as it would have normally done in the two small halls. As an
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alternative, the 123 Club team have, at various times, prepared take-home activity packs, relating to the message of Jesus, which we were able to offer to our members. We met our members in the narthex when they came to collect them from the narthex area.
## **Brunch Club - Jodie Willett**
Unfortunately owing to Covid, the Brunch Club could not continue. We've tried our best to keep in touch and remain connected with everyone. Sadly during this time we lost 2 of our regular attendees, Brian and Victor who will both be sadly missed. We thank God for them, their lives and all the times we were able to spend together.
I am also thankful for the wonderful people who are keen to return and see each other again. We will be aiming to start up Brunch Club again in June, and we look forward to seeing everyone again, enjoying each other’s company and also using the new kitchen and toilets which have been renovated during this time off.
## **Thinking Green Group - Sarah Walker**
With world environment issues such as the climate crisis and plastic in our oceans and more local issues like the decrease in biodiversity and litter we felt it was important that Christ Church started to think more environmentally. It is also a biblical mandate right back in Genesis that we are to look after the world that God has given us. A Rocha, a Christian environmental charity, has designed a scheme called eco church where your church can put in place measures to get an eco-award (bronze, silver, and gold). Three of us have started to meet to look through the check list and put some of the ideas into action and to pray about this. Some things that are underway are a youth and children’s eco afternoon on Sunday 9th May, organising a monthly church litter pick in our local community (litter pickers and hi-vis jackets have been purchased) and a guest speaker coming as soon as we can start hot potato evenings again. If this is something that interests, you please let me know we would love more people to join us.
## **Ministry among Iranian People - Aled Williams**
Being thankful that Iranian people have become a visible part of our Christchurch family. Every Sunday, there will typically be 6-12 Iranians joining the service in person or online. Outside church services, Bible reading, study and prayer takes place via WhatsApp or in person with Aled at present. The Gospel of Mark is used to help with exploring Christianity, baptism preparation as well as reading passages from the Sunday morning services for deeper understanding and discipleship.
## **Administrator’s Report - Colin Short**
Starting a new job in a pandemic was a real challenge and I have been thankful for the support and care that I have received. It is taking time for me to get used to the rhythm of things at Christ Church. I am always happy to receive feedback and suggestions.
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## **Church Wardens’ Report - Graham Turl and Allan Ssesanga**
For much of the past year the building has not been in use due to the COVID-19 pandemic.
Risk assessments were undertaken at various points during 2020 to allow the building to, once again, be accessed.
The first occasion was an Open Day in July which coincided with the end of the first lockdown and for which a comprehensive risk assessment was carried out and the church pews and floor were marked out to enable social distancing to be achieved.
At around that time, there were leaks from the roof in the north-west corner of the nave and the next round of gutter-cleaning was brought forward to ensure no blockages in the valley gutters in that area.
Shortly after this the building was once again used for services until a surge in cases just after Christmas again made this impossible. The same basic risk assessment and arrangements were used again when the building opened again in 2021, however this coincided with an intermittent fault developing with the Church Boiler. As soon as the boiler engineer came the boiler worked and as soon as he went away again it stopped working. Going forward, there is a possibility that the spark plugs in the main burner may need replacing, if the problem is to be fully solved. There is also the possibility that we might need to consider replacing the boiler as there are various issues that might all need to be addressed:
- The need to ensure that the building is always warm in winter
- The fact that the boiler room is still liable to flooding when we have heavy rain if the sump pump (that keeps the rainwater drains flowing) fails as it did once last year.
- The potential implications of the current zero carbon drive, in this country and around the world, which could mean that we need to switch to a fuel other than gas to heat our church.
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## **What you can pray for in the coming year.**
## **Church Services – Dave Walker**
- That we might gather again physically as continue to reach people with our online services while moving towards a majority online gathering.
- The ongoing faithfulness of those involved in leading, preaching, praying etc. so that our services might be pleasing to the Lord, filled with his word and fruitful in our lives.
- That we might soon be able to sing, eat and share the Lord’s Supper together much more freely, and that we might do these things wisely and well.
- For the restart of onsite youth and children’s ministry.
- For growth in our Thursday service.
## **Church Council – Christine Denny**
For wisdom and guidance in all the deliberations of the new PCC.
## **House Groups & Hubs – Dave Walker**
- That God will sustain and grow his people through these different things.
- Grace and strength for those who lead and contribute to house groups, hubs, WhatsApp, newsletters etc.
- Wisdom regarding the future of hubs and the network of pastoral care at Christ Church.
## **Prayer – Ian & Sue Fabray**
Prayer is an important part of the Christian life, let's encourage one another to pray.
## **Youth & Children’s Groups - Maggie Thorp**
Each group needs two leaders and two assistants to work well. This means two people are on duty each Sunday in each group and we are, therefore, on duty once or twice a month. This is where the gaps are:
|||||
|---|---|---|---|
|**Gateway 4-7 yrs. old**|**Explorers 7-10 yrs. old**|**Pathfinder 11-14 yrs. old**|**Revive 15-17 yrs. old**|
|||||
|||||
|Leader 1. Maggie|Leader 1. Kathryn|Leader 1. Jodie||
|
Leader 2.**Vacancy**|
Leader 2.**Vacancy**|
Leader 2.**Vacancy**|Leader 1. Sarah|
||||Leader 2. Allan**[Vacancy Oct]**|
|||||
|Assistant 1. Juno|Assistant 1. Kelly|Assistant 1.**Vacancy**|Assistant 1.**Vacancy**|
|Assistant 2.**Vacancy**|Assistant 2. Faustina|Assistant 2. **Vacancy**|Assistant 2. **Vacancy**|
|||||
Please, please pray. Ask "Is it me Lord?" then message Maggie, Sarah or Jodie for a full job specification and a chat if you think God wants you to fill one of the vacancies above.
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## **Safeguarding - Maggie Thorp**
That we may put the safety of our children and vulnerable members in the forefront of our prayers.
## **Missions - John Cooper**
Bambo has taken over being the contact person for the Morts but alas Astrid is no longer the contact with the Colombo Bible College. We desperately need someone to take over this work.
## **Finance - Ronnie Mathews & Paul Smith**
- Please pray for the renovations in the Hall and that this will increase the use and rental received from the Hall.
- Please also pray that giving to the church and the missionaries we support will continue and even increase and that all who can, will 'gift aid' which is a very efficient way of increasing funds without any costs to those giving. Pray that our income will improve so that we can go back to paying the Diocesan General Fund 100% of our normal contribution.
- Pray for funds to implement plans to redevelop the front of the Church.
## **Stephens Hall - Will Hawkes**
Pray that the Hall can once again be a wonderful spiritual home, full of the noise of children encountering Jesus and the church family enjoying eating together again; pray that our users come back happily as the Lockdowns unwind and the work is finished; pray that we have a great team working together to run the Hall well.
## **622 - Paul Smith**
The tenants of the one bed first floor flat want to move and buy their own house. Val and I have re-advertised on 'Open Rent' and are responding to enquiries. Once a potential tenant (single or couple) have been found we will have to do reference checks and produce new tenancy documentation. Hopefully, we will have found someone before the church AGM. Please pray for the present and new tenants - that 622 will be a blessing in their life. Also pray that we will find the right tenants and that all will continue to go well with 622 it's fabric and continued use.
## **Technical Ministry - Kelly Morris**
The biggest need right now is for volunteers to learn how to use our sound and video equipment and who will commit to serving in one of these areas on one Sunday a month. It’s an opportunity to engage with our church in a new and fun way and look how we can use what we have to enhance what we are doing even more. And it really is a lot easier than it looks!
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Also, that we can use what we have in way of equipment and opportunity to keep spreading the Good News and reaching people in a new and right way.
## **English Tuition Classes - Rosemarie Nixon**
- That we may be able to maintain our full quota of enthusiastic teachers.
- When we return to face–to–face teaching, that we may still be able to involve alumni through better internet connections in the hall.
- When we return to face–to–face teaching, that we will be able to re-establish a crèche.
## **123 Club - Christina Siattis**
The 123 Club is hoping for a safe return for all of our members when we restart the group again in September.
## **Brunch Club - Jodie Willett**
We pray for safety, for good returning numbers and that the brunch club will continue to be a place where God's word is heard regularly.
## **Think Green Group - Sarah Walker**
Please pray for this new group that we can honour the Lord as we seek to look after our local area.
Good up take for the litter picks and good conversations with our community whilst we are doing them.
## **Ministry among Iranian People - Aled Williams Pray for:**
- Discernment and loving patience when dealing with cultural and language differences, psychological distress and requests for baptism that may be intertwined with asylum applications.
- Replicable growth as those being discipled become disciples of others.
- Iranian members to be further integrated in the life of our Christchurch family.
- More to serve in this ministry. Anyone who wants to get involved is welcome to chat with Dave and Aled.
## **Administrator’s Report - Colin Short**
For the induction of the new caretaker as they look after the church community and the regular users. To listen to and respond to those who approach me and that I may communicate in a way that is best for each person.
_Copyright © 2021 Christ Church North Finchley, All rights reserved._
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CHRI,ST CIIIJRL14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF CHRIST CHURCH NORTH FINCHLEY
Diocese of London
Charity Registration Number: 1134773
Report & Accounts
31 December 2020
Simply Churches
Chartered Accountants
17 Heathville Road
London N19 3AL
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report and Financial Statements 2020
Contents
Page
Legal and administrative information
Report of the Parochial Church Council
Independent Examiner's report to the Parochial Church Council
Statement of financial activities
10
Balance sheet
Notes to the financial statements
12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Legal and Administrative Information
For the year ended 31 December 2020
Charity Name
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY.
Charity No
1134773. The Parish was established in 1864 and is a charity which was formally registered
with the Charity Commission on l O March 2010.
Principal Address
620 High Road, North Finchley, London N12 ONU .
Governing Document
Parochial Church Council (Powers) Measure 1956 as amended and The Church
Representation Rules (Contained in Schedule 3 to the Synodical Government Measure
1969 as amended).
Objective
To Know and Show Jesus, within its local community and as part of the extended mission
of the Church.
Members ofthe PCC
The Members of the PCC who served during the year or who were serving at the date of
this report were:
Clergy
David Walker
(Vicar)
Churchwardens
Graham Turl
Allan Ssesanga
(re-eletted Ottober 2020)
(re-eletted October 2020)
Elected Lay Representatives
Christine Cooper
Michael Osei
William Hawkes
Paul Smith
Margaret Thorp
Ronald Mathews
(re-elected Ottober 2020)
(re-eletted Ottober 2020)
(re~elerted Ottober 2020)
(re-eletted October 2020)
(re-eletted Ottober 2020)
(re-elected Ottober 2020)
Lay Representatives to the
Deanery Synod
John Cooper
(re-elected Ottober 2020)
Key Management
Personnel
Those in charge of directing. controlling, running and operating the Church on a day-to-
day basis are the members of the PCC and the Church Administrator.
Bankers
Charities Aid Foundation Bank
25 Kings Hill Avenue, Kings Hill
Malling, Kent ME19 4JQ
Independent Examiner John Helm ACA
Simply Churches
17 Heathville Road
London N19 3AL
Quinquennial
Inspector
Louise Goodison RIBA
Cazenove Architetts
32-32 Clarence Mews
London E5 8HL
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY
("PCC") submits its report and the financial statements of the PCC for the year ended 31 December 2020. The Financial
Statements have been prepared in the format prescribed by the Statement of Recommended Prattice: Accounting and
Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative
information set out earlier in this document forms part of this reporL The PCC considers that these Financial Statements
provide a True and Fair view of the Financial Position of the PCC in accordance with governing legislation and the Church
Accounting Regulations 2006, governing the individual accounts of PCCS.
The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and beyond. It
also has responsibility for the non-stipendiary staff and the maintenance of the Church building, Stephens Memorial Hall,
the Vicarage and the property at 622 High Road.
l. Structure, Governance & Management
l. l Trustees
The PCC is a body corporate with perpetual succession. The PCC meets bi-monthly during the year and operates through
a number of working groups which meet in addition to the full meetings of the PCC. The PCC discusses a full range of
matters relating to finance, fabric, general administration and responsibility for keeping of the Electoral Roll. Members of
the PCC are either ex officio or eletted by the Annual Parochial Church Meeting (APCM) in accordance with the Church
Representation Rules. The incumbent PCC at the date of this report has held office since the last Annual Parochial Church
Meeting in Ottober 2020.
1.2 Church Attendance
The electoral roll is completely reviewed and revised once every six years but is updated every year in between. It currently
stands at l 06.
1.4 Risk Management
The PCC'S primary concern and aspiration is the fvrtherance of the Gospel to the glory of God, both in the local community
and in the wider world, in keeping with its ethos which is "to know and show Jesus". Whilst the PCC trusts wholly in the
Lord to work out his good will to this end, it also recognises the responsibility that the Church bears for the Individual
Members and to the Membership as a corporate body, in terms of the identification and management of risks that may be
faced in the pursuit of its goals. The PCC has therefore assessed the risks it faces and has put into place proper policies
and procedures that it considers are necessary to mitigate these risks.
Christ Church North Finchley has a number of measures in place to mitigate risk. These include a Safeguarding Policy that
is strurtured in accordance with the guidelines set out by the Church of Enand, a Health and Safety policy that recognises
its Duty of Care to all people entering the premises and a Finance Policy that recognises the Fiduciary Duty that it has for
the proper maintenance and care of the Church Finances. These and other Policies that dirett the functioning of the PCC
are underwritten by a sensitive yet robust pastoral strutture at the centre of which is the care of the individual, which is
Its ultimate goal.
2. Activities. Strategies & Public Benefit
The PCC has given due regard to the Charity Commissions, guidance on public benefit. To this end the PCC organises the
following attivities in order to enable ordinary people to live out their faith as part of our parish community:
Providing facilities for public worship, pastoral care and spiritual, moral and intellettual developmenL both for its
members and for anyone who wishes to benefit from what the Church offers; and
Promoting Christian values, and service by members of the Church in and to their communities, to the benefit of
individuals and society as a whole.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
3. Achievements and Performance
The Year 2020, whilst being a challenging year due to the difficulties posed by the Covid-19 Pandemic, has nevertheless
been a year of significant achievemenL The Church has adapted to the needs of the prevailing situation and has continued
to function successfully in ministering to the pastoral needs of the Congregation. It has been heart-warming to witness the
love and concern that has been in abundant supply throughout and for the reaching out to members of the congregation
affetted by the pandemic. The use of Social Media has been made to good effett and Live Service Broadcasts have continued
throughout the Lockdown. Kelly Morris was installed as Technological Facilitator and has played a key role in enabling this
to succeed.
Among the key achievements of the year is the completion of the renovation of the flats at 622 High Road. The projett
took longer than was initially anticipated, however the work has been completed to an excellent standard byjacy Rodriguez
and has justified the delay in completion. The Flats have been let and it is anticipated that the income derived from their
letting will recoup the costs of the Redevelopment in approximately 5 years.
The Live Streaming of the Church Service has been another key success in helping the Church provide for the pastoral
needs of the Congregation through the year. This was facilitated by the installation of Video and Sound equipment which
will provide continued service with helping members of the Congregation to participate in the live Service if they are unable
to attend in person.
Income derived from the letting of Stephens Memorial Hall was depressed over the year due to the Lockdowns made
necessary for the control of the spread of Covid~19. However. it is anticipated that this will recover post pandemic as the
core lettings will continue when restrittions are eased. Planned redevelopment of the Hall was put on hold due to the
pandemic, but is expected to proceed in 2021. The proposed work is expetted to enhance the appeal of the Hall and drive
income in future years.
There has been a change in the role of Church Administrator, with Marzena Adegbola vacating the POSL as a result of a
house move which made travel to work unviable. Colin Short has taken over the role of Church Administrator and
commenced his employment in September 2020. Maryte Ladygaite commenced in the role of Hall Caretaker, but left at
the end of the year. The post is currently vacant and will be filled when the Hall is back in use after Lockdown restrictions
are eased.
Further in-depth analyses of the Income and Expenditure for the year and of the financial position of the PCC at 31,
December 2020 are provided in the following pages of these Financial Statements.
4. Going Concern
The Covid-19 pandemic has posed some significant challenges to the finances of the Church. However, the PCC is confident
that these are short term challenges and do not pose any significant risk to the Church as a Going Concern.
The reduttion of the Hall income has been significant as the Lockdown measures took effe¢ however the contratts for
the Core Lettings remain in place and uptake of Hall use will commence when Lockdown restrictions are eased.
Congregational giving which is the main source of income for the Church and been somewhat depressed, but the effett is
marginal. It is thought that this is a result of the impatt that the pandemic has had on Individual income. The mode of giving
has changed over the year. and with restricted access to Church Services more members of the Congregation have moved
to making dirett payments to the Church Bank AccounL either by Standing Order or one-off payments, where they gave
via the Open Plate in previous years.
As part of its Financial Risk Management Strategy the Finance Committee of the PCC undertook a Cash Flow review for
the period to the end of December 2021. Taking into consideration the worst-case scenario, it was considered prudent to
take attion in 2020 to mitigate any cash flow risks in 2021. As part of this review, the PCC has negotiated a reduttion by
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
50/0 of its contribution to the Common Fund, with a view to stabilising cash flow. This will be reviewed periodically and
uplifts in payments will be made where possible until contributions can be restored to pre-pandemic levels.
The PCC considers that there are no significant risks posed to the Church as Going Concern and that it is therefore
appropriate that the Financial Statements for 2020 should be prepared on a Going Concern basis.
5. Financial Review
The PCC'S has three main sources of Funding which are Income derived from the Freewill offerings of Members of the
Congregation, the income derived from the Letting of Stephens Memorial Hall and the Income derived from the Letting of
the flats at 622 High Road.
5.1 Financial Activity and Financial Position
The Statement of Financial Activities and Balance Sheet can be found on pages 9 and l O respettively. The Church has a net
surplus of £58,910 in the year to December 2020. This is in comparison to a marginal deficit of £1092 in the year to
December 2019. Income received in the period amounted to £215.485 (£163,919 in 2019) and Expenditure amounted to
£156,576 (165,01 O in 2019). This includes income received from the Hall and Clubs. The receipt of legacies amounting to
£80,000, included within the Income has enabled the Church to achieve a surplus in the year, although it is worth noting
that without these the deficit reported in the current year would have been significanL
5.1. I Income
The Church received income of £157,841 (£82,129 in 2019), through voluntary giving towards its general attivities in the
advancement of the Gospel. This included Legacies of £80,000 and was significantly higher than in the previous year.
Voluntary Giving for specific pastoral purposes amounted to £2,268 (£7,086 in 2019). Voluntary Giving towards the
maintenance of the Church mounted to £6,043 (£5,745 in 2019). The total amount received through Voluntary Giving
amounted to £163,884. (This compares with £87,874 in 2019).
Tax recovered from Gift Aided receipts recognised in the period amounted to £17,723 (£20,181 in 2019). Actual receipts
in the year amounted to £20,667 and this included £16,150 relating to 2019. A further provision of £13,208 has been made
for amounts recoverable for 2020, yielding the amount reflected in the financial statements for 2020.
Income from the Hall and Clubs and ancillary church attivities amounted to £20,503 (£54,963 in 2019). The significant
reduttion is due to the Hall being unavailable for use during the National Lock Down periods made necessary for the
control of the Covid-19 pandemic.
The Flats at 622 High Road have been re-let consequent to their refurbishment and yielded an income of £13,375 in the
period (£902 in 2019). The Flats were not let in the previous financial period.
5.1.2 Revenue Expenditure
The Church contributed £63,000 (£70,000 in 2019) towards the Church of Enand Common Fund. This is the most
significant item of expenditure and represents 39/0 of the total outlay in the year.
The total Employment costs paid by the year amounted to £21705. This was made up of Gross Salaries of £22,388 and
workplace pension costs of £367 (In 2019 Gross Salaries amounted to £19,844 and Pensions costs amounted to £354). No
liability to Employers National Insurance was incurred as these costs fell within the Employers Allowance for the period.
Employment Costs are Allocated between the Church and Stephens Memorial Hall. The Cost allocated to the Church in
the period was £10,867 and the cost allocated to the Hall amounted to £11,838.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
Total costs of £6,559 (£3.974 in 2019) was spent on maintaining the fabric for the Church. This included £4,533 of
Depreciation charged in the year for the Video and Sound equipment that was instslled in the year to live stream the
Sunday Services when the Church building has not been accessible during the Covid-19 pandemic. A further £20,019
(£14,779 in 2019) was spent on Utilities and Insurance.
Costs incurred in the Operation and Maintenance of Stephens Memorial Hall were £24,034 (£34,362 in 2019) and £2,459
for the operation of the Clubs (£4615 in 2019). Maintenance Costs of £3,897 were incurred with regard to 622 High Road,
that did not form part of the costs incurred in the Re-development Costs. (£4,920 in 2019)
5.1.3 Missionary Giving
The Church has a policy of allocating l 0% of its Unrestritted Income (Excluding Exceptional items) towards supporting the
advancement of the Gospel through the work of our Mission Partners both in the United Kingdom and abroad. The
amounts allocated for this purpose was £9,500 (£9,500 in 2019). This will be paid to our Mission Partners shortly. An
amount of £9,503 was paid out in the year, however this related to prior years.
5.1.3 Capital Expenditure
Work on the redevelopment of 622 High Road was completed in the year. The total cost of the refurbishment amounted
to £165,801. These costs have been capitalised and serve to enhance the value of the property. The Flats have a combined
rental value of £32,100 per annum based on existing tenancy agreements.
A further sum of £13,600 was spent in the installation of Video and Sound equipment to facilitate the live streaming of the
Church services.
5.2 Fund Balances at the Year End
The Funds of the Church are divided into three categories:
General Church Fund: Which is an Unrestricted Fund
Designated Funds: Hall Funds, and Club Funds which are Unrestrirted Funds.
The Maintenance Fund: Which is a Restricted Fund.
Total Funds at the Year End amount to £2,022,486. The General Funds had a balance of £1,811,398, Designated Funds a
balance of £83,904 and the Maintenance Fund a balance of £127,184.
The General Church Fund includes the Fixed Assets, The General Church Bank AccounL the Debtors and the Creditors.
Taken together with the changes in Debtors and Creditors, the General Church Funds have increased by £68,686. There
has been no change in the valuation recorded for Stephens Memorial Hall, but the value of 622 High Road has increased
by £68,007 due to the capitalisation of redevelopment costs incurred in 2020. The walue of Stephens Memorial Hall is
included at £1,513,314 and the value of 622 High Road at £356,147.
The Designated funds show a decrease of £10,322 in the year. This is consequent to the reduced use of Stephens Memorial
Hall during the National Lockdowns resulting from the Covid-19 Pandemic.
The Maintenance Fund is held for the maintenance of the Church Building and other ancillary elements forming part of its
fabric. The Fund shows an increase of £546 for the year. Expenditure incurred in the redevelopment of 622 High Road is
treated as a loan to the General Fund, so the value of the Fund has not been depleted thereby.
The Redevelopment Costs of 622 High Road were met from cash reserves held in the Maintenance Fund as the PCC
considered it preferable to use these funds for the redevelopment rather than borrow the funds from third parties. To
ensure that the funds are repaid and to provide a mechanism for the repaymenL the Redevelopment Costs are shown as
a Loan made over to the General Fund, with the provision that this is repaid over a period of approximately 5 years.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
The PCC further provides an undertaking that they (via the General Fund) will borrow funds at commercial rates using
622 High Road as collateral, and repay any amounts outstanding to the Maintenance Fund in full, should this become
necessary for the maintenance of the Church Building, at any time prior to the repayment of the Loan in the manner set
out above.
6. Reserves Policy
The PCC has as yet no clearly formulated Reserves Policy, however, an analysis of the funds show the following free
reserves at the year end.
Balance at
31 Dec 2020
Balance at
31 Dec 2019
Total Reserves
2,021486
1,963,576
Less: Restricted Funds
(118,119)
(1,878,528)
(126,638)
(1,801,455)
Less. Fixed Assets
Free Reserves
25,839
35,483
7. Plans for Future Periods
The redevelopment of Stephens Memorial Hall was scheduled to commence in the summer of 2020, but planned works
were put on hold as a result of the Covid-19 pandemic. These works are now expected to commence in the spring of
2021.
The works will take place in 3 phases. Phase I will entail the upgrade of the Kitchen with an expected cost of £30.000
(including VAT). Phase 2 will entail the upgrade of the Toilets, also with an expected cost of £30,000 (including VAT). Phase
3 will include the installation of Secondary Glazing, a Disabled Persons Toilet and other enhancements. Phase 3 has not
been fully costed and will proceed subjett to the availability of funds.
8. Responsibilities of Trustees for the Financial Statements
The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United
Kingdom Generally Accepted Accounting Prartice. Charity law in England and Wales requires the PCC to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and
application of income of the charity for that period.
In preparing those financial statements, the PCC is required to:
selett suitable accounting policies and apply them consistently:
observe the methods and principles of the Charities SORP
make judgements and estimates that are reasonable and prudenL
state whether applicable accounting standards have been followed. subjett to any departures disclosed and
explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities
of the charity will continue.
The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the
financial position of the charity and enables them to ensure that the financial statements comply with the Charities Att
201 I, the Charity Accounts and Reports Regulations 2008 and the provisions of the governing documenL The PCC is also
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Report of the Parochial Church Council
For the year ended 31 December 2020
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the charity and financial
information included in the charity's website.
8. Approval
The report of t
PCC was approved by the PCC on 20 May 2021 and signed on its behalf by.
David Walker
Vicar
Ronald Mathews
Treasurer
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH
NORTH FINCHLEY
Report of the Independent Examiner to the Parochial Church Council of
The Ecclesiastical Parish of Christ Church North Finchley
I report on the accounts of the Parochial Church Council of Christ Church North Finchley for the year ended 31
December 2020, which are set out on pages l O to 21.
Respective responsibilities of PCC and examiner
The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this
year (under section 144(2) of the Charities Art 2011 (the 2011 Att)) and that an independent examination is needed.
The charity's gross income exceeds £250,000 and l am qualified to undertake the examination by being a qualified member
of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
examine the accounts (under section 145 of the 201 l Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section
145(5)(b) of the 201 l Att); and
to state whether particular matters have come to my attention.
Basis of independent examiners, report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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. no opinion is given as to whether the accounts present a
'true an fair view, and the report is limited to those matters set out in the statement below.
Independent examiners. statement
I have completed my examination. I confirm that no material matters have come to my attention in connettion with the
examination giving me cause to believe that in any material respect:
. accounting records were not kept in respett of the church as required by settion 130 of the Att; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true
and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John Helm
Chartered Accountant
20 May 2021
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST
CHURCH NORTH FINCHLEY
Statement of Financial Activities
For the year ended 31 December 2020
Notes Unrestricted
Funds
Restricted
Funds
TOTAL
2020
TOTAL
2019
INCOME AND ENDOWMENTS
Voluntary Income
Gift Aid Recovered
Income from Functional Properties
Church Activities
2(a)
2(b)
2(c)
2(d)
157,841
16,661
28,004
5,874
6,043
1,063
163,884
17,723
28,004
5,874
87,874
20,181
42,616
13,248
TOTAL INCOME
208,380
7,106
215,485
163,919
EXPENDITURE
Church Activities
150,017
6,559
156.576
165,010
Cost of Generating Funds
TOTAL EXPENDITURE
150,017
6,559
156,576
165,010
NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS
58,363
547
58,910
(1 ,092)
NET GAINS ON INVESTMENTS
NET INCOME I (EXPENDITURE)
58,363
547
58,910
(1 ,092)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
58,363
547
58.910
(1,092)
Total Funds Brought Forward at I st January
1,836,939
126,638
1,963,577
1,964,668
Total Funds Carried Forward at 31 st December
1,895,302
127,184
2,022,486
1,963,576
10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Balance Sheet
For the year ended 31 December 2020
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
Notes
2020
2020
2020
2019
FIXED ASSETS
Stephens Memorial Hall
Building (622 High Road)
Equipment
1,513,314
356,147
1,513,314
356,147
9,066
1,878,528
1,513,314
288,141
9,066
9,066
1,869,462
1,801,455
CURRENT ASSETS
Debtors and Prepayments
Cash at bank and in Hand
20,636
26,109
46,745
20,636
144,226
164,863
22,210
153,490
175,700
118,117
118,117
LIABILITIES
Creditors ~ Amounts falling due within one year
20,905
20,905
13,580
NET CURRENT ASSETS I (LIABILITIES)
25,840
118,117
143,957
162,121
TOTAL NET ASSETS
1,895,302
127,184
2,022,486
1,963,576
PARISH FUNDS
Restricted Funds
127,184
127,184
126,638
Unrestricted Funds
Designated Funds
General Church Funds
83,904
1,811,398
83,904
1,811,398
94,226
1,742,712
TOTAL PARISH FUNDS
1,895,302
127,184
2,022,486
1,963,576
The fina
'al statements were approved by the PCC on 20 May 2021 and signed on its behalf by:
David Walker
Vicar
Ron
athews
Treasurer
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
l. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of
the financial statements are as follows:
Basis of accounting
The financial ststements have been prepared under the Charities Att 2011 and in accordance with the Charities
Statement of Recommended Prattice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102)).
The financial statements are drawn up on the historical cost basis of accounting except for the Church Building which
is excluded and Other Land and Buildings which are included at Market Value
The financial statements include all transattions, assets and liabilities for which the PCC is responsible in law.
The PCC meets the definition of a public benefit entity under FRS 102.
Going Concern
There are no material uncertainties about the charity's ability to continue as a going concern and accordingly the
accounts have been drawn up on a going concern basis.
Income recognition
Voluntary income and donations (including legacies) are accounted for when received. Income from the recovery of
tax on gift aided donations is accounted for in the period to which the relevant donation is received.
Income derived from Funttional Properties are accounted for when earned. They are shown gross, with the associated
costs of generating the income is included in the running costs of the AsseL
Interest on funds held on deposit is included when it is received.
Expenditure recognition
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured
reliably. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Charitable expenditure includes those costs in fulfilling the PCC'S principal objects, as outlined in the Report of the
PCC. These include, governance costs and an apportionment of support costs.
Governance costs comprise all costs involving the public accountsbility of the PCC and its compliance with
regulation and good practice. These costs include costs related to the independent examination and legal fees.
Support Costs are costs incurred in the running of the Church, Hall and 622 High Road.
The PCC contributes to employee's workplace pensions in accordance with prevailing legislation, where the employee
has opted to remain in the workplace pension scheme. The cost in the accounts is the amount of contributions paid
and payable during the year.
Taxation
As a charity, the PCC is exempt from tax on income and gains falling within the provisions of the Corporation Taxes
Att 201 O or the Taxation of Chargeable Gains Att 1992 to the extent that these are applied to its charitsble objetts.
No tax charges have arisen on the PCC.
Tangible Fixed Assets
Consecrated Property and Moveable Church Furnishings
Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in
accordance with s l O of the Charities Att 201 l. No value is placed on moveable church furnishings that are held by
the vicar and 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 on consecrated or benefice buildings and moveable
church furnishings, whether maintenance or improvemenL is expensed within the Statement of Financial Attivities and
not Capit21ised and Amortised within the accounts.
12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
l. Accounting Policies (Continued)
Freehold Lond & Buildings
The freehold land and buildin& represented by Stephens Memorial Hall and the residential accommodation at 622
High Road N12 are stated at their current valuations for insurance purposes. Depreciation is not provided as the
estimated residual value is considered to be the same or hier than the carrying value of the property in the accounts.
Tangible Fixed Assets for use by the Charity
The cost of other furniture, fittings and equipmenL less any expetted residual value, is depreciated on a straight-line
basis over the effertive useful life of the asseL which has been estimated as 3 years.
Debtors
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months
or less from the date of opening of the deposit.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured
or estimated reliably. Creditors and provisions are recognised at their settlement amounL
Fund accounting
The funds held by the charity are either:
Unrestritted general funds - these are funds which can be used in accordance with the charitable objects at the
discretion of the PCC.
Designated Funds are monies designated for use in the upkeep and maintenance of Stephens Memorial Hall,
and for the running of the 123 Club, The Enlsh Tuition Club and the Thursday Luncheon Club.
Restritted funds - these are funds that can only be used for particular restritted purposes within the objetts
of the charity. Restrittions arise when specified by the donor or when funds are raised for particular restritted
purposes. The Maintenance fund is a restritted fund which solely benefits the maintenance of the Church
building.
13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
2. Income and Endowments
Unrestricted Restricted TOTAL
Fund:
Funds
2020
TOTAL
2019
2(a) Voluntary Income
Planned Giving
Collections at Services
71,949
3,624
80,000
6,000
43
77,949
3,668
80,000
65,667
11,621
3,500
Legacies Received
Amounts Allocated for Specific purposes
Receipts in Memory of Bety Harrison - Paid to Charity of her choice
Donations received for the Children's Summer Camp
Contributions towards the Mercy Fund
Contributions to Costs of 622 redevelopment
Contributions to support the studies of Theology Studer
Funds raised for Overseas Missions
183
498
2,268
2,268
1,668
4,300
300
136
157,841
6,043
163,884
87,874
2(b) Gift Aid Recovered
Gift Aid Recovered - Unrestritted
Gift Aid Recovered - Restritted
16,661
16,661
1,063
18,774
1,406
1,063
16,661
1,063
17,723
20,181
2(c) Income from Functional Properties
Income From Stephens Memorial Hall
Income from 622 High Road - Rent
Bank Intrrest Received on Hall Deposit Account
14,585
13,375
14,585
13,375
41,714
902
28,004
28,004
42,616
2(d) Income from Church Activities
Sale of Books, Cards and CDS, Concerts and Other
Fees from Courses, Groups and Events
Fees from Weddings and Funerals
Income from Clubs
307
2,735
1,292
307
1,002
4,525
2,249
2,735
1,292
Income from the English Tuition Club
Income from The Luncheon Club
Income from the 123 Club
910
910
126
504
2,947
565
1,960
13,248
126
504
5,874
5,874
Total Income
208,380
7,106 215,485
163,919
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
3. Expenditure
Total Expenditure in the Year to December 2020 of £156,576 (£165,01 O in 2019) is analysed as follows:
Unrestricted Restricted TOTAL
Fund4
Funds
2020
TOTAL
2019
3(a) Church Attivities
Ministry and Outreach
Contribution to the London Diocesan Fund
Youth and Children's work
63,000
1,981
230
63,000
1,981
230
70,000
1,047
319
3,377
381
1,340
76,464
Church Social Activities
Expenses Reimbursed
Theology Students, College Fees
Sundry Ministry and Outreach
6,300
72,642
6,300
72,642
Unrestricted Restricted TOTAL
Fund!
Funds
2020
TOTAL
2019
3(b) Employment Costs
Administrator's Remuneration - Church Proportion
Employers NIC
10,867
10,867
9,577
10.867
10,867
9,577
The total Employment costs paid by the year amounted to £22,705. This was made up of Gross Salaries of £22,388
and workplace pension costs of £367. These costs have historically been allocated equally between the Church and
the Hall. Since October 2020 the role of the Administrator has been split between the role of Church Administrator
and the role of Hall Caretsker which has been created with the intention that the Hall Caretsker will be responsible
for the administration of the Hall. The Church Proportion of the Administrators Remuneration includes 50/0 of the
Administrators cost to September 2020. The rest is included in the Expenditure on Stephens Memorial Hall.
The Charity had one employee up to September 2020 and two employees thereafter.
No liability to Employers National Insurance was incurred as these costs fell within the Employers Allowance for the
period.
Unrestricted Restricted TOTAL
Fund4
2020
TOTAL
Funds
2019
3(c) Church Running Expenses
General Administration Costs
818
818
891
Printing and Stationery
Statutory Fees
Supplies
Subscriptions
Bank charges
Sundry Expenses
1,366
597
1,366
597
1,410
1,126
306
647
647
552
135
135
150
23
23
3,591
3,591
4,435
15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
3. Expenditure (continued)
Unrestricted Restricted TOTAL
Funds
2020
TOTAL
Fund!
2019
3(d) Church Repairs and Maintenance
Church Premises - Cleaning
Church Premises - Utilities
Church Premises - Insurance
Church Premises - Maintenance of the Fabric of Building
Vicarage -utilities
562
562
1,060
5,612
7,275
3,974
833
12,063
6,577
12,063
6,577
2,026
818
2,026
818
20,019
2,026
22,045
18,753
Unrestricted Restricted TOTAL
Fund!
Funds
2020
TOTAL
2019
3(e) maintenan of Other Funttional Properties
Expenditure on Stephens Memorial Hall
Expenditure on 622
24,034
3,897
27,930
24,034
3,897
27,930
34,362
4,920
39,282
Unrestricted Restricted TOTAL
Fund!
Funds
2020
TOTAL
2019
3(fj Expenditure on Clubs
Expenditure on the English Tuition Club
Expenditure on the Luncheon Club
Expenditure on the 123 Club
723
723
2,172
505
1,005
730
1,005
730
1,938
4,615
2,459
2,459
Unrestricted Restricted TOTAL
2020
TOTAL
Fund4
Funds
2019
3(8) Missionary and Charitsble Giving
Open Doors
The Church Army Bridge Projert
CMJ
Wycliffe Bible Translators
Homeless Attion in Barnet (HAB)
Bread of Life
1,425
1,425
1,425
1,425
950
1,425
1,425
1,425
1,425
950
1,425
1,425
1,425
1,425
1,425
1,425
950
1,425
1,425
1,425
1,425
183
Colombo Theological Seminary
Medical Research Foundation - in Memory of Betty Harrison
9,500
9,500
9,683
16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
3. Expenditure (continued)
Unrestricted Restricted TOTAL
Fund!
TOTAL
Funds
2020
2019
3(h) Pastoral Support and Special Appeals
Mercy Fund Expenditure
2,000
2,000
2,000
2,000
2,200
2,200
3(1) Governance Costs
Examiner's Fee
1,008
1,008
1,008
1,008
30) Other Costs
Depreciation of Church Equipment
4,533
4,533
4,533
4,533
Total Expenditure
150,017
6,559
156,576
165,010
4 Analysis of Stephens Memorial Hall Income and Expenditure:
2020
2019
4 Hall Accounts
Income
Regular lettings and groups
Parties and other casual lets
12,076
629
35,980
3,344
2,290
Donatior ( incl Contra )
Interest
1,880
14,629
41,714
Expenditure
Utilities, cleaning, insurance
Repairs and maintenance
Hall decorations
9,465
1,895
18,179
5,915
Administration & Salaries
11,838
10,268
Hall Expenses paid by Church
Sundries
835
24,034
34,362
Net income
(9,405)
7,352
17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
5 Tangible Fixed Assets
Freehold Land and Buildings:
The Church has control over two Funttional Properties, Stephens Memorial Hall and the house at 622 High Road. On
advice from the Diocese the Cost of these properties are now included as Fixed Assets on the Balance Sheet on the
basis of their Insurance valuation. The value of 622 High Road has been enhanced by Redevelopment Costs incurred
to date.
No Depreciation is charged since the value of these properties are generally increasing rather than decreasing.
622 High Road
House
Stephens
Memorial Hall
Total
Cost at l January 2020
Redevelopment Cost
288,141
68,007
,513.314
1,801,455
68,007
As at 31 st December 2020
356,147
1,513,314
1,869,462
Depreciation
As at l January 2020
Charge for year
As at 31 December 2020
Net book value at 31 December 2020
356.147
1,513,314
1,869,462
1,801,455
Net book value at 31 December 2019
288.141
1,513,314
Equipment
The Cost of Equipment purchased is Included in the Balance Sheet at its Net Book Value. Depreciation is charged on
a straight-line basis over the effettive useful life of the asseL which has been estimated as 3 years.
Equipment
Total
Net Book Value at l January 2020
Equipment Purchased during the year
13,600
13,600
As at 31 st December 2020
13,600
13,600
Depreciation
As at l January 2020
Charge for year
As at 31 December 2020
4,533
4,533
4,533
4,533
Net book value at 31 December 2021
9,066
9,066
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
6 Debtors
2020
2019
Total
Total
Accrued income
1,024
Prepayments
HMRC (tax reclaim)
Amounts Due from the Letting of Stephens Memorial Hall
Sundry Debtor
2,531
13,208
4,897
2,532
16,151
2,342
1,185
22,210
20,636
7 Creditors - Amounts falling due within one year
2020
2019
Total
Total
Rental Deposits for Flats
Amounts due to Suppliers and Unpaid at the Year End
Amounts due to Missions Partners
Net Salaries, PAYE & Pensions
Accruals
Sundry Creditor
2,675
5,403
10,412
272
1,008
1,135
20,905
1,524
10,680
242
1,135
13,580
8 Cash at Bank and In Hand
Cash as at Movements
Receipts
l Jan 2020 Relating to In The Year
Prior Year
Payments
in the Year
Transfers
Cash as at
Between Funds 31 Dec 2020
Genernl Church account
Maintenance account
Hall Current Account
Hall Reserve Account
English Tuitson Club - Bank & Cash
The Luncheon Club - Bank Account
The 123 Club - Bank Account
27,089
22,898
43.892
50,401
7,685
1,079
199,586
5,205
13,338
(131,653)
(82,165)
(12,701)
(58,298)
68,298
( i 0,000)
36,724
14,236
34,529
50,446
7,8n
910
126
504
(723)
(1,005)
(730)
220
153,490
219,713
(228,977)
144,226
The Net cash position of the PCC has decreased by £9.264
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
9 Analysis of Parish Funds
Movements during 2020
Balance at
Balance at
l Jan 2020
Income
Expend.
Transfers 31 Dec 2020
Designated Funds
Stephens Memorial Hall
English Tuition Club
The Luncheon Club
The 123 Club
85,017
7.685
1,079
447
14,629
910
126
504
(24,034)
(723)
(1,005)
(730)
75,612
7,872
199
221
Designated Funds
94,227
16,169
(26,492)
83,904
General Church fund
1,742,712
192,210
(123,524)
1,811,398
Total for Unrestritted Funds
1,836,939
208,379
(150,016)
1,895,302
Restricted Funds
Maintenance Fund
126,638
7,106
(6,559)
127,184
Grand Total
1,963,576
215,485
(156,575)
2,022,486
The Restritted fund is presented in a single line analysis, and the brought forward figure is an amalgamation of the
Maintenance Fund Bank Account and the Redevelopment Loan as presented in the accounts for 2019.
Descriptions of the funds and their purpose are as follows.
Restricted Funds:
The Maintenance Fund: The Maintenance Fund is a Restricted Fund that is used for the Maintenance ofthe Church
Building and other ancillary elements forming part of its fabric. The Fund Income is received from Voluntary Giving by
members of the congregation.
Designated Funds: The Designated Funds comprise the following.
Hall Unrestricted Funds: these are held in the Hall Current Account and Income is derived from the use of the
Hall. Expenditure on the operation of the Hall is paid from this fund. The fund may also be used for General Charitable
Purposes subjett to limits imposed by the Hall Deed and the Hall Charity Commission Scheme (1972)
The Hall Reserve: the Hall Reserve has been accumulated over time from Surpluses generated from the Hall's
attivities. The Hall Reserve is held for the purpose of major Maintenance or Redevelopment work of the Hall.
English Tuition Club: income is derived from the activities of the Club and Expenses are paid out of Income received.
The fund surplus has been accumulated over time from the attivities of the Club.
20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
CHRIST CHURCH NORTH FINCHLEY
Notes to the Financial Statements
For the year ended 31 December 2020
9 Analysis of Parish Funds (continued)
The Luncheon Club: income is derived from the attivities ofthe Club and Expenses are paid out of Income received.
The fund surplus has been accumulated over time from the attivities of the Club.
The 123 Club: income is derived from the attivities of the Club and Expenses are paid out of Income received. The
fund surplus has been accumulated over time from the attivities of the Club.
Analysis of closing balances at 31 December 2020
Owed
Fixed
between
Assets
Cash
funds
Creditors
Debtors
Total
Designated Funds
Stephens Memorial Hall
English Tuition Club
The Luncheon Club
75,612
75,612
7,872
7,872
199
199
The 123 Club
Designated Funds
83,904
83,904
General Church fund
1,869,462
(57.795)
(20,905)
20,636
1,811,398
Total for Unrestricted Funds
1,869,462
26,109
(20,905)
20,636
1,895,302
Rertrfcted Funds
Maintenance Fund
9,066
118,117
127,184
Grand Total
1,878,528
14,226
(20,905)
20,636
2,021486
The Negative cash balance shown against the General Fund arises due to the existence of the Redevelopment Loan.
The Current Balance on the Loan is £103,881
l O. Related Party Transactions
There were no Expenses incurred by PCC members in relation to trainin& travel, subsistence or communication in
the year.
Members of the PCC gave a total of £17,592 (2019: 15.922) in unrestricted offerings and donations during the year.
There were no other related party transattions in the year to December 2020
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