## **Christ Church North Finchley Annual Meeting.** ## **Introduction** A year ago, when we last held our annual meeting, things were different. On Sundays we were gathering in person and online, we were fully socially distanced with no singing, communion or children’s groups. Most of our midweek activities were online only or not meeting at all. This year, by God’s grace, things have changed. In all sorts of ways, many of which we’re discovering as we go along. The reports in this special newsletter are full of new life. As I think and pray about this, here are two priorities for us which are coming to mind: ## 1. **Respond to God’s Grace –** Because God has grown us. God has been very gracious to us. The pandemic with all of its many challenges provided a perfect opportunity for us all to give up; but instead, we’ve grown. God has kept us going and has added more people to the church family. If last year we had no in-person children’s and youth work, this year our groups have been bursting with the children and young people who the Lord has given us! In many cases the problems we’ve been facing as a church have been problems of growth – finding rooms to accommodate people and volunteers to help run areas of active ministry. I’m conscious that this growth hasn’t been a result of any particular strategy or initiative on our (and especially my!) part – it is more about God being generous to us and using the faithful service of many volunteers to grow his church. I’m really thankful that Jesus tells us how to respond! Spending many weeks listening to Jesus in John’s gospel is really helping me at the moment. The key messages of the last few weeks – love each other like Jesus does through practical service; we can’t trust ourselves but we can trust Jesus; we will be fruitful if we keep connected to Jesus through word and prayer – these things are what we need to hear and act on if the current signs of life are to turn into lasting fruitfulness. ## 2. **Reconnect with each other –** Because God has changed us. The many changes in our church family – some people joining us, others moving away; some people stepping down from serving in specific ways, others stepping up to serve in new roles and so on – can be pretty disorientating for people who’ve been members of Christ Church for some time. Change, including growth, is always uncomfortable to some extent. It can leave us not knowing who is who. We can find ourselves mourning for what we’ve lost in the change. And it makes it easier for people to go missing. The pandemic has increased all of these pressures. We need to reconnect with each other. Not simply being people in the same room on a Sunday – actually getting to know each other. This means that our ‘together’ activities become especially important. Church lunches, coffee times, ‘the peace’ in communion, housegroups – these are fellowship-builders, and they’re extra important now. Taking part in them is always sacrificial (there are other, easier things we could do instead), but I encourage you to do so, and to make the most of the opportunities they give for getting to know people better. Dave Walker **Being part of the Christ Church APCM 2022** It will be great to welcome all of you who are able to attend our annual church family meeting in person. However, for those who are unable to be with us in person, you can join in via Zoom. ## **Zoom link:** Topic: APCM 2022 Time: May 22, 2022 04:00 PM London Join Zoom Meeting https://us02web.zoom.us/j/85052408733 Meeting ID: 850 5240 8733 ## **Reports to church members** ## **What has been happening in the last year?** ## **Church Services – Dave Walker** ## **What’s happening in our services and midweek ministry?** - Our key emphasis in our services remains on meeting God in the Bible and prayer. To help us reset, we’ve been taking time to focus on the person and the words of Jesus in John’s gospel (Sundays) and Hebrews (Thursdays). - Our pattern of services is now stabilising again. We are now back to having an all age service once a month (and on special occasions) with children and young people in groups on other weeks during term time. Sharing communion, so important to our unity in Christ, has been difficult in pandemic times but is getting back to a more regular pattern of an all age communion and another communion each month on Sunday, with some occasional communion services on Thursdays as part of our weekly 10.30am Thursday service. - Music ministry. Having for a long time relied heavily on Christine Fisher, who has blessed us greatly (and continues to do so!), the Lord has given us more people to join in with the music ## **Church Council – Christine Denny** The Church Council (PCC) met 9 times in the year June 2021 to April 2022. It oversees and approves any significant changes, new projects, and expenditure in all aspects of church life. During that time, we: - Approved expenditure for an outside company, Church Pages to revamp the Christ Church Website. - We have focused on training volunteers to operate the Audio-visual equipment to enable services to be streamed. - A crèche has been set up for under three-year-old babies and toddlers. - A jubilee Team has been formed to organize a Platinum Celebration lunch. - Promoted contact with our Mission Partners and managed a change of tenants in 622. - Most significant is the proposed Narthex Project. Our proposal has been submitted to the Diocese and the London Borough of Barnet. Details will be made available to the church congregation shortly. Christine Denny-Cooper Church Council Secretary ## **Churchwardens** ## **Things to be thankful for during the last year** - It has being a busy year for building matters in the church. During the year the Narthex Project has being developed by the church architect and in March the PCC agreed to fund the project up to the planning application stage. - More recently a PCC sub group has being formed to look into a fundraising strategy in order to finance the project once planning is obtained ## **House Groups & Hubs – Dave Walker** House groups and other midweek events. Housegroups continue on Tuesday, Wednesday and Thursday evenings and are a bedrock of growing deeper relationships with God and each other. We are hoping that Christianity Explored may lead to the foundation of a new housegroup(s). On occasions housegroups have been interspersed with other altogether things, like our series of Living in Love and Faith discussions, environmental evenings and occasional services (e.g. Ash Wednesday). ## **Prayer – Ian & Sue Fabray** ## **Prayer at home** Praying together using WhatsApp on Monday evenings from 7.15pm to 7.45pm started at the very beginning of lockdown along with prayer on Zoom on the third Monday each month. It has been a very good way for our Christ Church family to pray and support each other over the past two years, especially when we were unable to meet in church together. It still continues to be a source of care and help, along with praying for the needs of the world. It’s so encouraging when people join in with Amen at the end. It would be lovely if more would join in with Amen so we know who’s been praying. ## **Sunday Prayer Ministry** We started prayer ministry after the service again in February after a long gap due to the pandemic. It’s been a privilege to pray with people and see real answers to prayer. We have a small team of helpers and we would value your prayer as we consider the best way to operate in the future. ## **Youth & Children’s Groups - Maggie Thorp** **CRÈCHE** We are thankful to God that we were able to re-start crèche and for the Oakhill students and their partners who initially made this possible. We praise God for the team we have now: Sarah A, Daniel, Camille, Marjorie, Katharine, Lilia, Helen and Candy. We thank God for continuing to keep the children safe. We also thank God for Shirley who has faithfully prepared a craft every week. _**Sarah A**_ **GATEWAY** Juno and I were sad to say goodbye to our long serving helper Azusa; we are grateful for Shirley’s continued help and excited to welcome Ade and Wilma to the team. We thank God for them and 21 wonderful children on roll including several new families. It has been a joy this term to see how the Year 2 children have been encouraging the younger children. _**Maggie**_ **EXPLORERS** I am thankful to God for my co-leaders: Kathryn up until February, and Sarah W who has kindly stepped in during Kathryn’s maternity leave and for our two faithful helpers Faustina and Kelly D. We praise God for the growth in the number coming each week (consistently over 10); their interest in what it means to have faith in the Lord and that they get along very well together. _**Suki**_ **PATHFINDERS** I am particularly thankful to God for the real fellowship growing in Pathfinders, their group work and how well they socialise together. I am also incredibly grateful for our hardworking team: Hannah, Margit and Belinda helping and most recently Will Hawkes - a wonderful answer to prayer. The new monthly socials for older teens (including Revive) have been increasingly successful and have been a great chance to see the young people build friendships. I am also thankful for leaders giving up their evenings to help. _**Jodie**_ **REVIVE** This year has been particularly challenging for Revive members with COVID and all the difficulties it presented. We thank the Lord that most have returned safely to re-engage in the Sunday sessions. Some members have also begun helping in various ministries at church. We thank God for these blessings and pray this continues. We praise God for the team – Tony, Ash, Sarah W, Hannah and Graham T. _**Tony**_ ## **Women's Bible Study Group** We are thankful for a diverse group of women coming together every week with great questions, a hunger to read God’s word and for some in the group who have never read the Bible before. I’m encouraged that it’s got going, we have worked out how it can run practically and there are regulars attending. ## **Safeguarding - Sarah Afuwape** We are undertaking the necessary checks on time. When the Archdeceacon made his visit this year, he confirmed that we were doing all we need to do. The safeguarding checks now follow a 3-year rather than a 5-year cycle, so some people will be receiving reminders earlier than they might expect. ## **Missions - John Cooper** In this last year we have removed CMJ from the list of missions we support. This is basically because of their Zionist stance. Instead we have replaced them with Pathway which supports Christian ministry in schools. Our link person is Ashley Nichols a member of our church and who works for them. Personally I am sorry not many people want to be the contact person with our missions and charities. ## **Finance - Ronnie Mathews** A full report on the finances of the church will be circulated before the meeting. ## **Stephens Hall - Will Hawkes** - We celebrate the completion of the refurbishment of the toilets and kitchen, which has been very well received. - We are grateful that our users are back and the Hall is being used. - We are grateful that we have a great and dedicated team who are working hard to manage the building for the church. - We are glad that the new online accounting and calendar mean that we and our users know when they have used the Hall, so we can invoice them properly and they can pay accordingly ## **622 Flats - Maggie Thorp** - We have welcomed some new tenants this year. - We have an issue with one of our neighbours, regarding some work they are trying to carry out in our parking area. Our concerns and complaint have been sent to the Council and all other interested parties. ## **Technical Ministry - Kelly Morris** - Thankful that we have been able to continue broadcasting our services for those who are unable to attend in person. - Particularly thankful for and to Amy and Ali who have joined me on the team for this important ministry, along with Michelle who was a great support while she was able and the young people who often help during the all-age services. ## **English Tuition Classes - Rosemarie Nixon** We are thankful that we are now back in the hall for face-to-face teaching.We have maintained three classes but currently have no beginners’ class. ## **123 Club - Christina Siattis** - We give thanks to God that the 123 Club was able to return in September 2021. - Friendships amongst the adults and the children were reunited. - As well as a good turnout of families within the community, we also have a good attendance of church family members and new friendships have been formed. ## **Brunch Club - Jodie Willett** ## **We are thankful for:** - Being able to get up and running again. - I am continually grateful for a very consistent group of regular attendees who have kept our numbers up each week. - I am also very thankful that we are building a connection with Grace House care home which has meant some of our past attendees have been able to come along and see us again. ## **Thinking Green Group - Cath Demetriou & Sarah Walker** We have been meeting regularly to work towards Christ Church gaining a Bronze eco award with A Rocha (The international family of Christian conservation organisations.) We are thankful for a number of events we have been able to hold over the last year. - 9th May 2021 an Environmental afternoon in the church grounds. Lots of eco-friendly activities for families. Lovely to meet with people again! - 14th July 2021 Simon Brown from A Rocha came to speak to us about how Christians can face green issues prayerfully and practically. - 21st Sept 2021 Coppetts Wood Festival, Christ Church had their usual table, a great opportunity to speak with local folks about Jesus, Christ Church events and make a hedgehog out of leaves! - 16th April 2022 The Easter Treat, activities for families, included planting fruit trees, investigating the bug hotel and planting bulbs as well as sharing the good news of Easter. ## **Other initiatives** Prayers for world environmental issues will be included every month during the Monday evening prayer time. We have switched to using Fair-trade tea and coffee for refreshments. We have tried to introduce a litter pick around the church grounds after the all age service with limited success. The youth and children groups have been encouraged to design posters showing how we can reduce our carbon footprint, to be used on the Environmental evening. The gardening team are joining in **‘No mow May’** , an initiative to encourage us not to mow our lawns during May, to encourage wildlife and biodiversity. The church grassy areas will be left to nature during May. **Ministry among Iranian People - Aled Williams** Things to be thankful for: - That Iranian people have become valued and much-loved members of our Christchurch family. Every Sunday, there will typically be 10 or more Iranian people joining the service in person or online. - In the last year, we have been really blessed by the arrival of new Iranian members who have faithfully served us tea, coffee and refreshments at the end of our services. Iranian members are starting to serve in other ways too most notably supporting the sound desk and maintenance of church grounds. - Many Iranians are great evangelists and invite others to participate in church services. Aled continues to do follow up Bible reading in Farsi with some Iranians and as a church we have invested in Farsi language versions of the Christianity Explored course. Mark has contact with many Iranians and we are thankful for his continuing link with the Persian Advice bureau in Finchley. ## **Administrator’s Report - Colin Short** I am thankful for: - The new team who have implemented new IT, phone and accountancy systems and continue to seek the best ways to work together. - The support of Dave, Churchwardens, Hall Committee and PCC whilst dealing with a number of issues relating to the buildings. - The help of all the contractors I have worked with this past year ## **Narthex Project** To help you to get a better idea of the project we have included below: - The outline and vision developed with the help of our Architect. - An overhead projection of the proposed new entrance to the West side of the church. - An artist's impression of what you will see from the street. 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N(T4igalthM arKI sign a Civic spxe Fionl hdscapirv3 c4 gi*tsry to 51ontr li9hii Pkjrthrg ond Ac￿5 rurp A pkxe k) cdebroÈ ri￿015 d Ilk is o wykin9 dc￿Ment in which con be cdkJb3toted C￿ kn Fl I deknils as prtgffomme ard biiel Christchurch North Finchley Oudine proposal for new entrance and toilet rev a May 4 2022 cazenove Chriskhurch North FirKhley Ovdine proposal for new enlrance and toilet rey a hkny 4 2022 ,Illll',ij 1111,- Skfitch Impressi￿ of en￿or￿ d)Jrs ord lamp cazenove What you can pray for in the coming year. ## **What you can pray for in the coming year.** ## **Dave Walker – Hubs & House Groups, Church Services** Please pray that we would - Respond to God's grace to us, by being thankful to him and by trusting Jesus more. - Reconnect with each other, loving and serving one another, so that we as a family more closely resemble Jesus. ## **Church Council – Christine Denny** For wisdom in our deliberations. ## **Churchwardens** Prayers Required for: - For the Narthex Project, for a successful planning application, for the further development of the project and for guidance on fundraising. - For work in connection with a Fire Risk Assessment Report on the church and church hall which has recently been received. The report calls for work to fire doors, external emergency lighting and fire alarms in both buildings. ## **Prayer – Ian & Sue Fabray** - For more people to join in with Amen at the end of Monday prayers so we know who has been praying together. - How we consider the best way to carry out the Sunday prayer ministry in future. ## **Youth & Children’s Groups - Maggie Thorp** ## **CRÈCHE** The challenges we face and would appreciate prayer for are time and Godly wisdom to have the crèche run the way God would like it to be; and that God will provide two (or more) volunteers as we are losing two of our Oakhill volunteers who are moving on to pastures new next month. _**Sarah A**_ ## **GATEWAY** Recently we have opened with a ‘Praise Time’ to encourage children to sing God’s praises and a ‘Share and Prayer Time’ over snack time. Please join us in praying for the children, especially that they might grow in confidence in bringing their joys and concerns to the Lord, and sharing answers to prayer. _**Maggie**_ ## **EXPLORERS** The challenges we face and would like prayer for is that we manage to engage quieter children and yet give others enough time when they have a lot they want to say. Most of all please pray with us for each child's faith in God to grow and grow. _**Suki**_ ## **PATHFINDERS** The team have faced some issues with health and even the hospitalisation of one team member. Please pray for the health of the team and that we may be a great support to each other during times of difficulty. _**Jodie**_ ## **REVIVE** We pray that everyone becomes even more embedded in their Christian faith and that this year will bring more volunteers to the Revive group. Sarah W cannot continue working in two groups and Hannah is leaving us very soon. Please pray for two more people [ideally women for balance] to offer to help once a month. _**Tony**_ ## **Women's Bible Study Group** Please pray for those with limited English to be included well and to understand some of what we study; pray for those with big gospel questions to hear God’s truth and choose to follow Jesus; pray for a deepening of relationship as we spend time together on Thursdays and for some at 123 club too. ## **Safeguarding - Sarah Afuwape** For all of our church family who undertake important roles which require a DBS check, may they be blessed in their service. ## **Missions - John Cooper** May we pray for: - Our mission partners. - A renewed interest in acting as our contact person for the missions and charities we support. ## **Finance - Ronnie Mathews** For guidance as we make decisions to keep the church running well and solvent. ## **Stephens Hall - Will Hawkes** - Praying that we can meet the challenge of keeping the Hall clean and tidy now it is much busier than before. - Regarding ongoing frustrations around the heating, praying that the new boiler system proves reliable and steady, particularly over the winter. - Pray for our staff who manage the Hall, that they can continue to capably manage the Hall’s users and support the ongoing maintenance and admin needs of the building smoothly and happily ## **622 Flats** For grace to deal with our dispute with our neighbour. ## **Technical Ministry - Kelly Morris** Praying for more people to join the team to help us keep broadcasting and using the technology we have to enhance the services for those in the building. I'd like to think eve are a supportive team ready to help out whenever needed. Training will be given and it really isn't as scary as it looks. ## **English Tuition Classes - Rosemarie Nixon** We do need now, prayerfully, to consider how much to increase our numbers and when or if to re-establish the crèche and social times. ## **123 Club - Christina Siattis** - During these times of difficulty and uncertainty we pray that 123 Club is a place of comfort and hope, and that we are able to help with compassion and understanding for any needs or concerns that may arise. - Please pray that we plant seeds, that God's word is sown. ## **Brunch Club - Jodie Willett** **The challenges that we face and ask prayers for are:** With our members being typically over 60, Covid continues to be a challenge for us and the general health of our members is always of concern. - Please pray for the health of our team and attendees. - We would also love for more of our church family (both over 60s and all who might like to come along) to visit us and so we pray for more opportunities to invite people to join us. ## **Thinking Green Group - Cath Demetriou & Sarah Walker** Please pray for the follow up to our event last Wednesday, **'God’s creation and us'** with Mavis Crispin and Sarah Taggart. and for our future events. ## **Ministry among Iranian People - Aled Williams Pray for:** - That the next Christianity Explored course starting Wednesday 25 May will be used to bring more Iranians to a living faith in Christ or to help them grow in their faith. - That we will be able to introduce some choruses in Farsi as an addition to our repertoire of church choruses and hymns. That this will include phonetic versions of the words as a means of further integrating Iranian and non-Iranian members of our church family. - Many Iranians struggle with trauma and psychological distress to varying degrees as a result of oppression and interrogation by the Iranian regime. Their mental anguish can sometimes be exacerbated by a protracted and sometimes hostile UK asylum application process. We especially pray that the root of a personal knowledge of Christ will be planted deep in their hearts. ## **Administrator’s Report - Colin Short** ## **Pray for:** - Growing working relationships with my colleagues and members of the church. - Patience to deal with the planned and emerging needs of the buildings. - The stress that this role can bring. - More time to support Dave. ## **Minutes of the 2021 AGM** ## **Sunday 23 May 2021 at 3pm** ## **Minutes of the Annual General Meeting held on Christ Church North Finchley** **Annual Parish Meeting** . The Purpose of this meeting is to elect two Church Wardens and, unlike other church business due to be discussed, only those who are on the Electoral Roll and those living in the parish are eligible to vote. **Election of Church Wardens** : DW announced two nominations for Church Warden – Mike Barkway and Will Hawkes. Both nominees were duly elected with a date for “swearing in” to be announced. **Minutes of Previous Meeting** : held on Sunday 18 October 2020 were approved and signed by the Chair. 15 people attended in person in church and 22 followed on line. DW welcomed everyone both in church and on zoom and opened the meeting with a short time of prayer. DW gave an overview on “where we are now” in church both on Sundays and during the week. **DW then interviewed leaders of the various church groups:** - Youth and Children – Maggie Thorp - Groups continue to meet online with activities and videos MT expressed the hope that they will be able to meet in person by end of June. **Church Hall – Will Hawkes** - WH advised that the hall will reopen on 31 May. Renovations to toilets and kitchen complete. A caretaker has been appointed and will start next week. Internet banking has been set up to enable hall users to pay by bank transfers. **Finance Ronnie Matthews** - RM advised that a full set of accounts can be obtained from the Church Administrator and gave a brief overview of the current status of all church accounts. **622 High Road – Paul Smith** - 622 has not been converted into two separate flats and has been signed off by the Local Authority as fit for purpose and can now be rented out. Joint rent from the two flats will be £32,000 and this money will be used to repay the loan from the church maintenance account which was used to fund the conversion. **ETC – Rosemarie Nixon** – Classes continue on zoom, but hall internet provision needs upgrading. When the classes resume in hall a creche will be needed and volunteers to care for the children. **Ministry among Iranian People** – Aled Williams – 6 to 12 Iranian people watch the services online with a mid-week online bible study. This provision has been of great value to the Iranian community. Christine Denny-Cooper reported 124 names on Electoral roll with the majority of church members living outside the Parish. ## **Appointment of people to positions of responsibility:** **Church Wardens** – Mike Barkway and Will Hawkes **Treasurer** – Ronnie Matthews **PCC Secretary/Electoral Roll Officer** – Christine Denny-Cooper **Church Council** – Maggie Thorp, Kelly Dimgba, Tony Afuwape, Sarah Afuwape, Jodie Willett, Nakato Kiwana John Cooper _ex officio_ **Deanery synod** - John Cooper, Christine Denny-Cooper and Aled Williams **Appointment of Independent Examiner** – John Helm FCA (Simply Churches Limited) DW thanked Allan Ssesanga and Graham Turl who are standing down as Wardens and Paul Smith who is moving away from Barnet for all their hard work and valuable contributions to the church life of Christ Church North Finchley. DW thanked Allan Ssesanga and Graham Turl who are standing down as wardens and Paul Smith who is moving away for all their hard work and valuable contributions to the life of Christ Church North Finchley. The meeting closed in prayer at 4.30pm. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY ## Diocese of London Charity Registration Number: 1134773 Report & Accounts 31 December 2021 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 2021 Contents** ||**Page**| |---|---| |**Legal and administrative information**|**2**| |**Report of the Parochial Church Council**|**3**| |**Independent Examiner’s report to the Parochial Church Council**|**8**| |**Statement of financial activities**|**9**| |**Balance sheet**|**10**| |**Notes to the financial statements**|**11**| _1_ ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Legal and Administrative Information For the year ended 31 December 2021** **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 10[th] March 2010. **Principal Address** 620 High Road, North Finchley, London N12 0NU . **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 of the 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 Michael Barkway (elected May 2021) Will Hawkes (elected May 2021) Elected Lay Representatives Christine Cooper (re-elected May 2021) Belinda Willett (elected May 2021) Tony Afuwape (elected May 2021) Nakato Kiwana (elected May 2021) Kelly Dingba (elected May 2021 Margaret Thorp (re-elected May 2021) Ronald Mathews (re-elected May 2021) Lay Representatives to the John Cooper Deanery Synod **Key Management** Those in charge of directing, controlling, running and operating the Church on a day-to- **Personnel** 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 Tandem Accounting 17 Heathville Road London N19 3AL **Quinquennial** Louise Goodison RIBA **Inspector** Cazenove Architects 32-32 Clarence Mews London E5 8HL _2_ **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 2021** 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 2021. The Financial Statements have been prepared in the format prescribed by the Statement of Recommended Practice: 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 report. 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. ## **1. Structure, Governance & Management** ## **1.1 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 elected 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 October 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 106. ## **1.4 Risk Management** The PCC’s primary concern and aspiration is the furtherance 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 structured in accordance with the guidelines set out by the Church of England, 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 direct the functioning of the PCC are underwritten by a sensitive yet robust pastoral structure 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 activities 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 intellectual development, 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. _3_ **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 2021** ## **3. Achievements and Performance** 2021 continued the challenges posed by the Covid-19 Pandemic, but the church has built on the successes of the previous year in ministering to the pastoral needs of the congregation. The Online Ministry has been a stand-out success, and continues to be a medium by which the pastoral needs of the congregation can be met, particularly with regard to members of the Congregation who cannot regularly attend Church services in person. The benefits of this Ministry are abundantly clear and the investment made in the equipment needed to facilitate this Ministry has been fully justified. We are grateful to the Media and Sound team that has worked tirelessly to make this Ministry a success. Another key achievement has been the completion of phases 1 and 2 of the upgrade of Stephens Memorial Hall. This entailed the upgrade the Kitchen and the Toilets as a cost of £64k. A grant of 4.9k was received from the Borough of Barnet towards these costs. Income from the hall has continued to be depressed in the year due to restrictions imposed by the Covid pandemic, but bookings have been recovering and Income is marginally up on the previous year. Operating costs of the Hall have been lower in the current year, and this has resulted in a net Surplus generated from the Halls activities. Colin Short has settled into the role of Church Administrator and has been joined on the church staff by Jonathan Street as Hall Caretaker and Claire Cullip as Hall Administrator. Further in-depth analyses of the Income and Expenditure for the year and of the financial position of the PCC at 31[st] December 2021 are provided in the following pages of these financial statements. ## **4. Going Concern** Whilst the Covid 19 Pandemic has impacted on the operation of the church, the experience of the past two years has been that the impact can be mitigated and the PCC is confident that these are short term challenges that do not pose any significant risk to the church as a going concern. The reduction of the Hall income has been significant as the Lockdown measures took effect, however the contracts for the core lettings remain in place and it is anticipated that uptake of Hall use will recover as normality returns post Pandemic. Congregational giving has remained relatively stable through the pandemic years, as the congregation has continued to support the church through this challenging time. The reduced Common Fund contribution, negotiated in 2020, has helped to ease cash flow pressures. This will be reviewed periodically and uplifts in payments will be made where possible until contributions can be restored to pre-pandemic levels. Rental income received from the letting of 622 High Road are being used to restore funds that were used in the redevelopment of the property. These will be available for general use when the costs are fully repaid. 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 2021 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 10 respectively. The Church has a net surplus of £31,977 in the year to December 2021. This is in comparison to a net surplus of £ 58,910 in the year to _4_ **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 2021** December 2020. Income received in the period amounted to £163,833 (£215,485 in 2020) and Expenditure amounted to £131,386 (156,576 in 2020). This includes income received from the Hall and Clubs. Income received from the Letting of 622 High Road has helped to achieve the net surplus in the year. ## **5.1.1 Income** The Church received income of £86,334 (£157,841 in 2020), through voluntary giving towards its general activities in the advancement of the Gospel. Legacies amounting to £80,000 were received in 2020, giving rise to the significant difference. Voluntary Giving towards the maintenance of the Church mounted to £4,360 (£6043 in 2020). The total amount received through Voluntary Giving amounted to £90,694. (This compares with £163,884 in 2020). Tax recovered from Gift Aided receipts recognised in the period amounted to £16,968 (£17,723 in 2020). Actual receipts in the year amounted to £19,230 and this included £13,028 relating to 2020. A further provision of £10,766 has been made for amounts recoverable for 2021, yielding the amount reflected in the financial statements for 2021. Income from the Hall and Clubs and ancillary church activities amounted to £24,071 (£20,503 in 2020). The income received from the Stephens Memorial Hall is around 50% lower that was received in pre-pandemic years Rental income received from the Flats at 622 High Road was £ 32,100 (£13,375 in 2020). The quantum of this income will remain relatively stable in future years, if the flats are let at market rents for the full financial year. ## **5.1.2 Revenue Expenditure** The Church contributed £51,000 (£63,000 in 2020) towards the Church of England Common Fund. This is the most significant item of expenditure and represents 39% of the total outlay in the year. The total Employment costs paid by the year amounted to £17,922 (£22,705 in 2020). 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 £ 13,281 (£10,867 in 2020) and the cost allocated to the Hall amounted to £ 4641 (£11,838. on 2020) Total costs of £9,675 (£6,559 in 2020) 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. A further £14,990 (£20,019 in 2020) was spent on Utilities and Insurance. Costs incurred in the Operation and Maintenance of Stephens Memorial Hall were £9,108 (£24,034 in 2020) and £1,094 for the operation of the Clubs (£2,459 in 2020). Maintenance Costs of £692 were incurred with regard to 622 High Road, (£3,897 in 2020) ## **5.1.3 Missionary Giving** The Church has a policy of allocating 10% of its Unrestricted 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 amount allocated for this purpose was £9,300 (£9,500 in 2020). ## **5.1.3 Capital Expenditure** Phases 1 and 2 of the Stephens Memorial Hall upgrade were completed in the Year at a cost of £63,917. These costs have been capitalised in these accounts. ## **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 Unrestricted Funds. - The Maintenance Fund: Which is a Restricted Fund. _5_ **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 2021** Total Funds at the Year End amount to £2,054,483. The General Funds had a balance of £1,890,330 Designated Funds a balance of £41,193 and the Maintenance Fund a balance of £122,959. The General Church Fund includes the Fixed Assets, The General Church Bank Account, the Debtors and the Creditors. Taken together with the changes in Debtors and Creditors, the General Church Funds have increased by £88,294. The value of Stephens Memorial Hall has increased by £63,916 due to the capitalisation of the Upgrade Costs, and there has been no change in the value of 622 High Road. The value of Stephens Memorial Hall is included at £1,577,231 and the value of 622 High Road at £356,147. The Designated funds show a decrease of £52,072 in the year. This is mainly due to the application of funds held in reserve to the upgrade of Stephens Memorial Hall. The Maintenance Fund is held for the maintenance of the Church Building and other ancillary elements forming part of its fabric. The Fund shows a decrease of £4,225 for the year. 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 repayment, the rents received from 622 High Road over a period of approximately 5 years will be treated as Designated Funds to be held for the maintenance of the Church Building. This will be implemented from 2022, and rental income received in prior years will be transferred to the Designated Fund created for this purpose. 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 in full any amounts outstanding in respect of this borrowing, should this become necessary for the maintenance of the Church Building, at any time prior to the repayment of the borrowing in the manner prescribed 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. |**Total Reserves**
**Less: Restricted Funds**
**Less: Fixed Assets**
**Free Reserves**|**Balance at**
**Balance at**
**31 Dec 2021**
**31 Dec 2020**
2,054,483
**2,022,486**
**(122,959)**
**(118,119)**
**(1,937,911)**
**(1,878,528)**| |---|---| ||**(6,387)**
**25,839**| The PCC is aware of the Free Reserves deficit and is taking steps to rectify this position by budgeting for a surplus over the next few years. ## **7. Plans for Future Periods** Phases 1 and 2 of the upgrade of Stephens Memorial Hall was completed in 2021 at a cost of £63.9k. A further Phase 3 of the upgrade is planned. Phase 3 will include the installation of Secondary Glazing and an upgrade of the Disabled Persons Toilet. There is also an intention to provide a WiFi facility in the Hall together with other enhancements. Phase 3 has not been fully costed and will proceed when more funds become available. _6_ ## **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 2021** ## **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 Practice. 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: - select suitable accounting policies and apply them consistently; - observe the methods and principles of the Charities SORP - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject 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 Act 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the governing document. The PCC is also 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. ## **9. Approval** The report of the PCC was approved by the PCC on 20th May 2022 and signed on its behalf by: ## **David Walker Vicar** **Ronald Mathews Treasurer** _7_ ## **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 2021, which are set out on pages 9 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 Act 2011 (the 2011 Act)) and that an independent examination is needed. The charity’s gross income exceeds £250,000 and I 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 2011 Act); - to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); 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 connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the church as required by section 130 of the Act; 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[th] May 2022 _8_ ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Statement of Financial Activities For the year ended 31 December 2021** |**Notes **
**INCOME AND ENDOWMENTS**
Voluntary Income
**2(a)**
Gift Aid Recovered
**2(b)**
Income from Functional Properties
**2(c)**
Church Activities
**2(d)**
Investment Income
**2(e)**
**TOTAL INCOME**
**EXPENDITURE**
Church Activities
**3**|**Unrestricted**
**Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
86,334
4,360
90,694
163,884
15,877
1,091
16,968
17,723
51,377
-
51,377
27,960
4,791
-
4,791
5,874
3
3
44
158,382
5,451
163,833
215,485
122,161
9,675
131,836
156,576| |---|---| |**TOTAL EXPENDITURE**
NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS
NET GAINS ON INVESTMENTS
NET INCOME / (EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
Total Funds Brought Forward at 1st January
Total Funds Carried Forward at 31st December|122,161
9,675
131,836
156,576
36,222
(4,224)
31,997
58,910
-
-
-
-
36,222
(4,224)
31,997
58,910
-
-
-
-
36,222
(4,224)
31,997
58,910
1,895,302
127,184
2,022,486
1,963,576
1,931,524
122,959
2,054,483
2,022,486| _9_ ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Balance Sheet For the year ended 31 December 2021** |**Notes**
**FIXED ASSETS**
Stephens Memorial Hall
Building (622 High Road)
Equipment
**5**
**CURRENT ASSETS**
Debtors and Prepayments
**6**
Cash at bank and in Hand
**8**
**LIABILITIES**
Creditors - Amounts falling due within one year
**7**
**NET CURRENT ASSETS / (LIABILITIES)**
**TOTAL NET ASSETS**
**PARISH FUNDS**
Restricted Funds
**9**
Unrestricted Funds
Designated Funds
**9**
General Church Funds
**9**
**TOTAL PARISH FUNDS**|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**TOTAL**
**TOTAL**
**2021**
**2021**
**2021**
**2020**
**£**
**£**
**£**
**£**
1,577,231
-
1,577,231
1,513,314
356,147
-
356,147
356,147
-
4,533
4,533
9,066| |---|---| ||1,933,378
4,533
1,937,911
1,878,528
20,668
-
20,668
20,636
18,757
118,426
137,184
144,226| ||39,426
118,426
157,852
164,863
41,280
-
41,280
20,905
(1,854)
118,426
116,572
143,957
1,931,524
122,959
2,054,483
2,022,486
-
122,959
122,959
127,184
41,193
-
41,193
93,266
1,890,330
-
1,890,330
1,802,036
1,931,524
122,959
2,054,483
2,022,486| The financial statements were approved by the PCC on 20th May 2022 and signed on its behalf by: ## **David Walker Vicar** **Ronald Mathews Treasurer** _10_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Notes to the Financial Statements** ## **For the year ended 31 December 2021** ## **1. 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 statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (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 transactions, 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 Functional 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 Asset. 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 accountability 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 Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 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 s10 of the Charities Act 2011. 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 improvement, is expensed within the Statement of Financial Activities and not Capitalised and Amortised within the accounts. _11_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Notes to the Financial Statements For the year ended 31 December 2021** ## **1. Accounting Policies (Continued)** ## _Freehold Land & Buildings_ The freehold land and building, 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 higher 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 equipment, less any expected residual value, is depreciated on a straight-line basis over the effective useful life of the asset, 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 amount. ## **Fund accounting** The funds held by the charity are either: - Unrestricted 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 English Tuition Club and the Thursday Luncheon Club. - Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The Maintenance fund is a restricted fund which solely benefits the maintenance of the Church building. _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 2021** ## **2. Income and Endowments** |||**Unrestricted**|**Restricted**|**TOTAL**|**TOTAL**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**2021**|**2020**| |||**£**|**£**|**£**|**£**| |**2(a) **|**Voluntary Income**||||| ||Planned Giving|84,366|4,360|88,726|77,949| ||Collections at Services|212|-|212|3,668| ||Legacies Received|-|-|-|80,000| ||Amounts Allocated for Specific purposes||||| ||Contributions towards the Mercy Fund|-|-|-|2,268| ||Grants Received|1,666|-|1,666|-| ||Income for Specific Purposes|90|-|90|-| |||-|-|-|-| |||86,334|4,360|90,694|163,884| |**2(b)**|**Gift Aid Recovered**||||| ||Gift Aid Recovered - Unrestricted|15,877|-|15,877|16,661| ||Gift Aid Recovered - Restricted|-|1,091|1,091|1,063| |||15,877|1,091|16,968|17,723| |**2(c) **|**Income from Functional Properties**||||| ||Income From Stephens Memorial Hall|19,277|-|19,277|14,585| ||Income from 622 High Road - Rent|32,100||32,100|13,375| |||51,377|-|51,377|27,960| |**2(d)**|**Income from Church Activities**||||| ||Sale of Books, Cards and CDs, Concerts and Other|1,073|-|1,073|307| ||Fees from Courses, Groups and Events|2,500|-|2,500|2,735| ||Fees from Weddings and Funerals|291|-|291|1,292| ||Income from Clubs||||| ||Income from the English Tuition Club|300|-|300|910| ||Income from The Luncheon Club|149|-|149|126| ||Income from the 123 Club|478|-|478|504| |||4,791|-|4,791|5,874| |**2(e) **|**Investment Income**||||| ||Bank Interest Received on Hall Deposit Account|3|-|3|44| ||**Total Income**|158,382|5,451|163,833|215,485| _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 2021** ## **3. Expenditure** **Total Expenditure in the Year to December 2021 of £131,836 (£156,576 in 2020) is analysed as follows:** |**Unrestricted Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**3(a)** Church Activities
Ministry and Outreach
Contribution to the London Diocesan Fund
51,000
-
51,000
63,000
Youth and Children's work
379
-
379
1,981
Church Social Activities
-
-
-
230
Expenses Reimbursed
338
-
338
1,131
Sundry Ministry and Outreach
18,364
-
18,364
6,300
70,081
-
70,081
72,642|**Unrestricted Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**3(a)** Church Activities
Ministry and Outreach
Contribution to the London Diocesan Fund
51,000
-
51,000
63,000
Youth and Children's work
379
-
379
1,981
Church Social Activities
-
-
-
230
Expenses Reimbursed
338
-
338
1,131
Sundry Ministry and Outreach
18,364
-
18,364
6,300
70,081
-
70,081
72,642| |---|---| ||| ||| |**3(b)**
Employment Costs
Administrator's Remuneration - Church Proportion
Employers NIC|13,281
-
13,281
10,867
-
-
-
-
13,281
-
13,281
10,867| ||| The total Employment costs paid by the year amounted to £17,922. No Liability to Employers National Insurance was incurred as these costs fell within the Employers Allowance for the period. The Church Administrator’s salary is borne by the Church only, and the salaries for the Hall Caretaker and Hall Administrator are paid for by the Hall. These figures are provided in Note 4 below. The Charity had three employees in December 2021. Jonathan Street was employed in June 2021 and Claire Cullip in August 2021 |**3(c)**
Church Running Expenses
General Administration Costs
Printing and Stationery
Statutory Fees
Supplies
Subscriptions
Bank charges
Sundry Expenses|1,337
-
1,337
818
370
-
370
1,366
-
-
-
597
-
-
-
4
737
-
737
647
234
88
322
135
-
-
-
23
2,678
88
2,766
3,591| |---|---| ||| |**3(d)**
Church Repairs and Maintenance
Church Premises - Cleaning
950
-
950
562
Church Premises - Utilities
5,784
-
5,784
12,063
Church Premises - Insurance
7,406
-
7,406
6,577
Church Premises - Maintenance of the Fabric of Building
-
1,874
1,874
2,026
Professional Fees
3,180
3,180
-
Vicarage -Utilities
850
-
850
818
14,990
5,054
20,044
22,045|| _14_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Notes to the Financial Statements For the year ended 31 December 2021** ## **3. Expenditure (continued)** |**Unrestricted Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**3(e)**
Maintenance of Other Functional Properties
Expenditure on Stephens Memorial Hall
9,108
-
9,108
24,034
Expenditure on 622
692
-
692
3,897
9,800
-
9,800
27,930|**Unrestricted Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**3(e)**
Maintenance of Other Functional Properties
Expenditure on Stephens Memorial Hall
9,108
-
9,108
24,034
Expenditure on 622
692
-
692
3,897
9,800
-
9,800
27,930| |---|---| ||| |**3(f)**
Expenditure on Clubs
Expenditure on the English Tuition Club
Expenditure on the Luncheon Club
Expenditure on the 123 Club|906
-
906
723
68
-
68
1,005
120
-
120
730
1,094
-
1,094
2,459| ||| |**3(g)**
Missionary and Charitable Giving
Open Doors
The Church Army Bridge Project
CMJ
Wycliffe Bible Translators
Homeless Action in Barnet (HAB)
Bread of Life
Colombo Theological Seminary|1,550
-
1,550
1,425
1,550
-
1,550
1,425
1,550
-
1,550
1,425
1,550
-
1,550
1,425
-
-
-
950
1,550
-
1,550
1,425
1,550
-
1,550
1,425
9,300
-
9,300
9,500| ||| ||| |**3(h)**
Pastoral Support and Special Appeals
Mercy Fund Expenditure
**3(i)**
Governance Costs
Examiner's Fee
**3(j)**
Other Costs
Depreciation of Church Equipment|-
-
-
2,000
-
-
-
2,000
936
-
936
1,008
936
-
936
1,008
-
4,533
4,533
4,533
-
4,533
4,533
4,533| ||| |**Total Expenditure**|122,161
9,675
131,836
156,576| _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 2021** |**4 Analysis of Stephens Memorial Hall Income and Expenditure:**|**4 Analysis of Stephens Memorial Hall Income and Expenditure:**|| |---|---|---| |**4**
**Hall Accounts**
Income
Regular lettings and groups
Parties and other casual lets||**2021**
**2020**
**£**
**£**
13,063
12,076
5,170
629| ||Donations ( incl Contra )|1,044
1,880| ||Expenditure
Utilities, cleaning, insurance
Repairs and maintenance
Hall decorations
Administration & Salaries
Sundries
Net income|19,277
14,585
3,087
9,465
1,381
1,895
-
-
4,641
11,838
-
835
9,108
24,034
10,169
(9,449)| Stephens Memorial Hall, although forming part of the Charity, is managed independently as it derives income from its own activity. The analysis of Income versus Expenditure for the Hall alone is set out above. The analysis provides further detail relating to the Income figure shown at note 2(c) and the Expenditure figure shown at note 3(e) above. _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 2021** ## **5 Tangible Fixed Assets** ## **Freehold Land and Buildings:** The Church has control over two Functional 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 book values of both properties have been increased by redevelopment costs incurred. No Depreciation is charged since the value of these properties are generally increasing rather than decreasing. |||622 High Road
House
£
356,147
356,147
-
-
-
356,147
356,147|Stephens
Memorial Hall
**Total**
£
**£**
1,513,314
**1,869,462**
63,917
**63,917**
1,577,231
**1,933,378**
-
-
-
-
-
-
1,577,231
**1,933,378**
1,513,314
**1,869,462**| |---|---|---|---| ||Cost at 1 January 2021
Redevelopment Cost
As at 31st December 2021
Depreciation
As at 1 January 2021
Charge for year
As at 31 December 2021
Net book value at 31 December 2021
Net book value at 31 December 2020||| ## **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 effective useful life of the asset, which has been estimated as 3 years. ||Cost at at 1 January 2021
Equipment Purchased during the year
As at 31st December 2021
Depreciation
As at 1 January 2021
Charge for year
As at 31 December 2021
Net book value at 31 December 2021|**Equipment**
**Total**
£
**£**
13,600
**13,600**
-
**-**
13,600
**13,600**
4,533
**4,533**
4,533
**4,533**
9,066
9,066
4,534
**4,534**| |---|---|---| _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 2021** ## **6 Debtors** |Prepayments
HMRC (tax reclaim)
Amounts Due from the Letting of Stephens Memorial Hall
Sundry Debtor|**2021**
**2020**
**Total**
**Total**
**£**
£
2,449
2,531
10,946
13,208
7,273
4,897
-
-
**20,668**
**20,636**| |---|---| ## **7 Creditors – Amounts falling due within one year** |Rental Deposits for Flats
Amounts due to Suppliers and Unpaid at the Year End
Amounts due to Missions Partners
Provision for Additional Payment to the London Diocesan Fund
Net Salaries, PAYE & Pensions
Accruals
Sundry Creditor|**2021**
**Total**
**£**
3,069
4,543
11,637
15,000
38
1,008
5,985
**41,280**|**2020**
**Total**
**£**
2,675
5,403
10,412
-
272
1,008
1,135| |---|---|---| |||**20,905**| ## **8 Cash at Bank and In Hand** |General Church account
Maintenance account
Hall Current Account
Hall Reserve Account
English Tuition Club - Bank & Cash
The Luncheon Club- Bank & Cash
The 123 Club - Bank Account|Cash as at
1 Jan 2021
£
36,724
14,236
34,529
50,446
7,872
199
220|Receipts
In The Year
£
126,888
38,044
21,300
4,903
300
149
478
**192,063**|Payments
in the Year
£
(115,422)
(4,478)
(45,386)
(32,725)
(906)
(68)
(120)
**(199,105)**|Cash as at
31 Dec 2021
£
48,191
47,802
10,443
22,624
7,265
281
578| |---|---|---|---|---| ||**144,226**|||**137,184**| _18_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Notes to the Financial Statements For the year ended 31 December 2021** ## **9 Analysis of Parish Funds** **Movements during 2021** |General Church fund
**_Designated Funds_**
Stephens Memorial Hall Current Account
Stephens Memorial Hall Reserve Account
English Tuition Club
The Luncheon Club
The 123 Club
Designated Funds
Total for Unrestricted Funds|**Balance at**
**1 Jan 2021**
**Income**
**Expend.**
**Transfers**
**Balance at**
**31 Dec 2021**
£
£
£
£
£
1,811,398
138,176
(111,959)
52,715
1,890,330
25,166
19,277
(9,108)
(24,890)
10,445
50,446
3
(27,825)
22,624
7,872
300
(907)
-
7,265
199
149
(68)
-
281
221
478
(120)
-
578| |---|---| ||83,904
20,207
(10,203)
(52,715)
41,193| ||1,895,302
158,383
(122,161)
0
1,931,524| |**_Restricted Funds_**
Maintenance Fund
Grand Total|127,184
5,450
(9,675)
-
122,959| ||2,022,487
163,833
(131,837)
0
2,054,483| ## **Movements during 2020** |**Movements during 2020**|||||| |---|---|---|---|---|---| ||**Balance at**||||**Balance at**| ||**1 Jan 2020**|**Income**|**Expend.**|**Transfers**|**31 Dec 2020**| ||£|£|£|£|£| |General Church fund|1,742,712|192,210|(123,524)|-|1,811,398| |**_Designated Funds_**|||||| |Stephens Memorial Hall Current Account|34,615|14,585|(24,034)|-|25,166| |Stephens Memorial Hall Reserve Account|50,401|44|||50,446| |English Tuition Club|7,685|910|(723)|-|7,872| |The Luncheon Club|1,079|126|(1,005)|-|199| |The 123 Club|447|504|(730)|-|221| |Designated Funds|94,227|16,170|(26,492)|-|83,904| |Total for Unrestricted Funds|1,836,939|208,380|(150,016)|0|1,895,302| |**_Restricted Funds_**|||||| |Maintenance Fund|126,638|7,106|(6,559)|-|127,184| |Grand Total|1,963,576|215,486|(156,575)|-|2,022,487| _19_ **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY** ## **Notes to the Financial Statements For the year ended 31 December 2021** ## **Descriptions of the funds and their purpose are as follows.** ## **Unrestricted Funds:** **The General Church Fund:** The General Church Fund is an Unrestricted Fund and Includes the Fixed Assets, the General Church Bank account the Debtors and the Creditors. The fund Income is received from Voluntary Giving by the members of the Congregation, and its expenditure is incurred in the operation of the Church. ## **Restricted Funds:** **The Maintenance Fund:** The Maintenance Fund is a Restricted Fund that is used for the Maintenance of the 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: **The Hall Current Account** : The Hall Current Account receives Income that is derived from the use of the Hall. Expenditure on the operation of the Hall is also paid from this fund. The fund may also be used for General Charitable Purposes subject to limits imposed by the Hall Deed and the Hall Charity Commission Scheme (1972) **The Hall Reserve Account:** The Hall Reserve has been accumulated over time from Surpluses generated from the Hall’s activities. 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 activities of the Club. **The Luncheon 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 activities of the Club. **The 123 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 activities of the Club. **Analysis of closing balances at 31 December 2021** |General Church fund
**_Designated Funds_**
Stephens Memorial Hall Current Account
Stephens Memorial Hall Reserve Account
English Tuition Club
The Luncheon Club
The 123 Club
Designated Funds
Total for Unrestricted Funds
**_Restricted Funds_**
Maintenance Fund
Grand Total|**Fixed**
**Assets**
**Cash**
**Owed**
**between**
**funds**
**Creditors**
**Debtors**
**Total**
£
£
£
£
£
£
1,933,378
(22,436)
(41,280)
20,668
1,890,330
-
10,445
-
-
-
10,445
22,624
22,624
-
7,265
-
-
-
7,265
-
281
-
-
-
281
-
578
-
-
-
578| |---|---| ||-
41,193
-
-
-
41,193| ||1,933,378
18,757
-
(41,280)
20,668
1,931,524
4,533
118,426
-
-
122,959| ||1,937,911
137,184
-
(41,280)
20,668
2,054,483| _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 2021** ## **10. Related Party Transactions** There were no Expenses incurred by PCC members in relation to training, travel, subsistence or communication in the year. Members of the PCC gave a total of £13,410 (2020: 17,592) in unrestricted offerings and donations during the year. There were no other related party transactions in the year to 31 December 2021. _21_