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2022-12-31-accounts

Christ Church North Finchley Annual Meeting Sunday 21[st] May 2023.

Introduction

What is amazing about Christ Church?

One of the big lessons God has for us in the book of Ephesians that we’re studying on Sundays is that the church is really important in God’s eyes; in many ways it is His masterwork. And you might think: “really? Us?”

Thinking about Christ Church at the moment (including lots of the things written below) with this in mind, I’m coming to see the truth of it. What we have at Christ Church is a gift from God, and it’s pretty amazing. Here’s five headlines to help us give thanks to him.

We’re made up of all kinds of people.

Christ Church is genuinely a family made up of the widest range of people I know anywhere. Culturally, racially, economically, etc. Of course, living in London, having a diverse range of people in one area is not a surprising thing. But having a diverse range of people being a family together is really very unusual. Eating lunch together or sharing round the Lord’s table together underlines this for me. We’re way more diverse and way more united than, for example, the range of people I might meet at the school gates, for example. Ephesians 3 says this is God’s wisdom on display. Amen!

We’re made up of people from all generations

In 21st century Britain, this is miraculous. At Christ Church we have young and old being together and liking each other - isn’t it good? The stereotype and the statistics suggest that

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churches in England are not crossing generational lines. Having children and young people in church at all is increasingly rare - and yet we have a growing youth and children’s ministry. We've had more and better opportunities to share the good news of Jesus with local schools than in any previous year I've known. During the last year we’ve also seen some of our much loved and oldest members finish the race and go to be with the Lord - they have been so precious to us and we miss them so much and thank the Lord for them. Praise God for blessing and nurturing disciples of every generation here.

We’re growing

Post pandemic, our numbers are up rather than down. Thank you, Lord, for this. Every new disciple and every continuing disciple of Jesus is evidence of His kindness and His Holy Spirit’s power. God is showing us that evidence now.

We’re voluntary

The vast majority of all that happens here is done by volunteers. In the increasingly busy and pressured culture of London, this is also rare and precious. God has intended his church to grow through faithful voluntary service (Ephesians 4:12-14). He’s doing it here. And so many of you are involved in that.

Teaching the gospel of Jesus at the centre of all we do

I don’t just mean the preaching in our services (although I’m so thankful for a faithful team to do that). I mean everything. House groups and bible studies, children's ministry, brunch club, 123 club, English tuition, R&R coffee etc - Jesus words are the blood which runs through the veins of all these things. It is Jesus who holds us together and who makes us what we are.

I’m not saying this to give us reason to be complacent. We know it’s all of God’s work - good news like this should hopefully encourage us to keep on praying and loving and not giving up. But I’m struck again that in Ephesians one of the big prayers Paul prays for Christians is “Lord, please open their eyes to see what they’ve got!” When we think about the future, the normal human thing to do is worry. The miraculous, Christian thing is to notice how much God has given us.

Dave Walker

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Being part of Christ Church Annual

Parish Church Meeting 2023

Date: Sunday 21st May 2023

Time: 4pm (1600 hrs)

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:

https://us02web.zoom.us/j/86295608823?pwd=NGJxM2ZEKzFoV25sMUFRM25COEh

1UT09

Meeting ID: 862 9560 8823

Passcode: 082528

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Reports to church members & prayer

requests

What has been happening in the last year, what are we thankful for & our prayers for the year to come

What’s happening in our services and midweek ministry?

Church Services – Dave Walker

During the last year we've continued with our pattern of 10.30am services each Sunday and Thursday, and it's been encouraging that the Lord has been keeping these going and adding new people to them. Special occasions in the calendar have been big opportunities to invite and welcome people and have been really well attended. We've kept our usual Sunday pattern of approx. monthly all age service. It's also been great that Praise Wednesdays has begun in the last year - a monthly time of prayer, praise and reflection on a Psalm.

I'm deeply thankful to the Lord for so many people who serve to make each of these services happen. The welcome, hospitality, music, tech and different groups are essential, and I'm personally really thankful for such a team of people to work with on any given week. Our hospitality both weekly and at other occasions (such as funerals) is precious and important

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for our church family relationships to function. It's been great to have this done so well every week, and to see our regular church lunches getting going again.

Church Council – Christine Denny

The Church Council members meet every other month. A focus of the agenda has been the renovation of the Narthex Project giving easy access to wheelchairs and buggies and installing disabled toilets. The Wardens have been liaising with the Diocese approved architect seeking approval for changes. The church boiler and how to keep the church warm and welcoming has been a challenge through the winter and hopefully the heating system can be upgraded for next winter. In collaboration with St Paul’s Long Lane Christ Church has linked formally with Grace House to provide a Christian Care home for those who by reason of age or ill health are in need or residential care.

Prayer needs. Please pray for wisdom for the Church Council members as they navigate their way through the obstacles of all the legal and mandatory requirements involved in upgrading the Narthex. Pray for ways to be implemented to ensure that everyone is made to feel welcomed and valued and that the possible changes in the Church of England will not have a negative impact on our church services.

Christine Denny-Cooper Church Council Secretary

Churchwardens

Thankful for:

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Prayers For:

Connection with the wider Church of England

We have representatives on deanery synod (Dave Walker, Aled Williams, Christine & John Cooper) and diocesan synod (Dave Walker & Kelly Morris), who enable us to keep in touch with other churches. This enables us to share resources and expertise with other churches to help with a range of practical needs, two examples from the last year being winter warm spaces and helping refugees, as well as being friendly and prayerful.

The issue which has dominated the Church of England headlines recently has been the controversial new prayers proposed by the house of bishops at February's General Synod which could change the church's practice on marriage and sexual ethics, and have far reaching consequences for global church unity. As a church council we are praying and thinking about this - there is an explanation of what is happening here: https://www.christchurchnorthfinchley.org.uk/445/

Prayer for:

House Groups – Dave Walker

We have six regular bible study groups that meet during the week, some of which use study materials which connect with our Sunday services (thanks to Andrew Demetriou who prepares them!). These groups are precious to those who belong to them, and are one of the

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principal ways that Christ Church members care for each other. We'd love more people to join them - all are open to anyone who wants to.

Prayers for:

Prayer – Ian & Sue Fabray

Prayer at home

We continue to meet for prayer on WhatsApp on Monday evenings from 7.15pm to 7.45pm

and on Zoom on the third Monday each month along with people coming together in church on this day to pray at the same time.

Sunday Prayer Ministry

We started prayer ministry after the service but, as it appeared not to be needed, we have suspended it temporarily.

Prayer

Youth & Children’s Groups - Maggie Thorp & Team

CRÈCHE

What has happened in the last year and what are we thankful for:

We’ve established a rota of a great group of volunteers, including a short Bible story, craft and songs. There have been lots of new families coming along and feeling comfortable for their children to join creche. We’re also grateful that creche has enabled many parents to be

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able to be in the service more regularly.

Prayer needs for the year ahead:

GATEWAY Maggie & Juno

What has happened in the last year and what we are thankful for:

Juno and I continue to thank God for the privilege of planning the Bible teaching for the 18+ 4-7 yr olds attending. Recently we shared stories of Jesus’ life and the children discovered how we can: grow to be like Jesus, be sure he loves us and use God’s word to help us. In March children worked together to make a frieze of the Easter story to share this with small hall users. More children are gaining confidence in praying aloud in the group and they love to pray for the babies in the creche if we hear one cry. We also thank God that Ade and Wilma, who joined Shirley as helpers, have settled into our team well and have been a great asset. The rota of parent helpers has also been a great success. Thank you, parents, and thank you Lord!

Prayers for:

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EXPLORERS Sarah

Explorers (7–11-year-old) has 20+ children on the register, with weekly attendance of 13 to 14. We have been studying Luke and Acts, focusing on growing as disciples of Jesus. We are grateful to God, both for a solid group of kids and for a committed group of 5 who run the group week by week.

Prayers for:

PATHFINDERS Jodie Willett

This year we had lots of pathfinders move on to revive and new pathfinders coming up from explorers. The new group are younger and some of them have lots more energy than previous years! I am grateful for fellowship and relationships growing with them and the young people being engaged and asking questions!

Margit Gilicze has started leading sessions and that has been such a wonderful blessing to the group.

After concerns I may have to take some time away for health reasons I am glad to be able to continue my role in pathfinders and thank God for strength and healing.

Pray for:

REVIVE Tony Afuwape

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Women's Bible Study Group

We followed the Sunday sermon series in our studies. Grateful for deepening relationships and enjoying God’s word together. Consistent membership/attendance, diversity and growth.

Prayer needs for the year ahead

Safeguarding - Sarah Afuwape

Things to be thankful for in the last year.

Pray:

Missions & Parish Outreach - John Cooper & Ashley Nichols

We continue to support and pray for the Morts in Nigeria, which remains a dangerous place to live and work. The Tomlinsons, our mission partners who have been running a school in Lebanon, are returning to the UK permanently. Unfortunately, the school will probably have to

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close down.

Holiday Club: Beach Rescue

The church’s annual holiday club for Primary school aged children ran the last week of the

August 2022 holidays and welcomed more than 50 children for four mornings to enjoy games, craft, songs, drama and teaching from the Bible. A fantastic team came together to make this a wonderful event. This time though, in partnership with Pathway and other

churches in that network, we shared resources from a holiday club that had been put together by churches in North London so the scenery, team t-shirts, banners, videos and props went from church to church. This cost each church

less in time and money and meant the equipment got several uses. We are considering using a similar approach this year for the club which is planned to run Tue 29 Aug – Fri 1 Sep 2023. Do join the team and invite children you know to come along.

The Christmas Experience

Partnering with Pathway, we were able to transform the church building into 1 st century Bethlehem with dramatic scenery and welcome five local schools to come and meet the characters from the first Christmas to hear the story of Jesus birth. Although the heavy snowfall disrupted the first day in

particular, we still were visited by more than 200 children and able to open it to the church and local community. Members of Christ Church took part as actors, welcomers and a lot of effort went into putting up and dismantling the scenery – a bit thanks to all who contributed. It was a good ‘first-go’ at hosting it, with some great feedback from the schools and we look forward to building upon this at Christmas.

Youth Group

We were keen to build upon our vibrant youth ministry and offer younger teens an informal space where they could build their friendships and invite guests to church. So earlier this year we launched a youth group for 11-14s on Sunday evenings in the church hall. There is social time where they can play table tennis, pool, or table football, followed by food and a short thought from the Bible, followed by an altogether active game. It has been good for

strengthening friendships, and a few new young people have come along, but we are keen to build this over the coming year.

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Christianity Explored

This short course on the basics of Christianity has often proved a helpful tool for helping ‘seekers’ or new believers in the past. Aled and Mark led a course which ran on Wednesday evenings from 11 May 2022 and resulted in a new small group of people meeting to study the Bible. The upcoming course begins/began on Wednesday 10 May and this time it is meeting in the Bistro café opposite

the church which offers a relaxed and inviting environment for discussion. We distributed invitations through church members and door to door across the Parish. Please pray for fruitful conversations.

Pray for:

Finance - Ronnie Mathews

The Financial Statements for the Year Ended December 2022 have been provided with this report.

Stephens Hall - Jodie Willett

This last year the hall has faced some challenges but thanks to a hardworking and committed team, has been able to function well and run efficiently.

We have had some trouble with working out the heating over winter (you may recall this is not a new issue) our new boilers are now working well however heating the large space during

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the unprecedented cold months was difficult! Thanks to many hours of hard work from Colin and the installation of a heating app we have been able to much better manage the cold weathers impact on hall rentals.

Our halls are hired out regularly, with most days being at full capacity. We have a large amount of regular hall users and are grateful for renewed contracts. Colin has been working on arranging some maintenance to the hall. This includes external lights and the possible installation of a new entrance with more secure doors to prevent unwanted access and help keep the heat in, during the colder months.

This is something in its early stages that we will be getting users thoughts on, quotes for and then presenting to the PCC when we are ready to. We are currently using a cleaning firm and have found them to be lacking in some areas of cleaning, this has been noted and we are seeking to find a new hall cleaner who can keep to our cleaning requirements.

Pray:

622 Flats - Maggie Thorp

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Council and all other interested parties.

Technical Ministry - Kelly Morris

Pray:

Training will be given and it is really enjoyable & fulfilling and not as scary as it looks. English Tuition Classes - Rosemarie Nixon

What has happened in the last year and what are we thankful for:

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Prayer needs for the year ahead

123 Club - Christina Siattis

The 123 Club continues to be a joyful and vibrant playgroup. It was a slow start last September after the summer holidays, as many children moved on to full-time nursery. But places were soon filled up at the 123 Club. Parents, carers and children coming along from different faiths, backgrounds and cultures enjoying the activities and making new friendships. Everyone participating in the craft making and learning about God. Singing time still being the highlight of the session! As the Christian message is sown, some new members are showing interest in other church activities. All these things we are thankful for.

Pray:

Brunch Club - Jodie Willett

The last year has been full of lots of lovely times together at brunch club. I am particularly thankful for my team who work hard each week, having a group of regular attendees, and for 1 or 2 new attendees this year, our little community is welcoming and supportive and I am so inspired by them each week. This year we have seen some illness in the group and even had some members go to be with God, seeing the group support and encourage each other has been a blessing.

We thank God for some wonderful times exploring the word together, though these are not always regularly scheduled when they happen, we find ourselves so immersed in them! Phil Rowlandson led one this year which none of us expected to get so engrossed in, but we had such a wonderful time discussing and conversing over the passage read.

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I am also grateful for a visit from the Wren primary school to sing easter songs and talk with club members, the group enjoyed it so much and it has been wonderful to establish that connection with the school. We thank God for them and they're link with us.

Pray for:

Thinking Green Group - Cath Demetriou & Sarah Walker

Things to be thankful for and that have happened in the last year.

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building section and have requested further information.

Pray

Refresh & Revive (R&R)

Things to be thankful for

Pray

Ministry among Iranian People - Mark Johnson & Aled Williams

We are thankful for:

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Pray for:

Parish Administrator’s Report - Colin Short

Your purpose at Christ Church is, "To know & show Jesus" & it has been great to see so many groups re-establish their mission in the halls, including the Women's Bible Study Group & the Christianity Explored group. The buildings remain a key part of your worship & mission &, as they age all sorts of faults occur, in conjunction with the continued need to service & care for all of the equipment. Consequently, I spend most of my time with the contractors who keep on top of the church/hall maintenance.

I am thankful for:

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Hall Administrator’s Report - Claire East

We have had to increase some charges made to all groups that use the hall. This took account of the freeze of prices over Covid as well as the need to manage the increase in the utilities costs last year. I am grateful that these changes were accepted and agreed by all We have now have got a mix of regular users including:

I am thankful in your continued support as I, along with Dave & my colleagues, I try to help everyone to get the best use of the halls.

Pray for:

For our hall users who:

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Minutes of the 2022 AGM

Sunday 22nd May 2022 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.

Annual General Meeting

DW opened the meeting with a short time of prayer.

Vicar’s Report

Church life - DW gave a review of church life over the last three years thinking about having to sign in, being unable to sing – enforced social distancing. He expressed his thanks to all those who have kept the church and the fellowship going. The on-line services have brought us new people, but we have had to face the challenge of change. People leaving – new people joining. Having to adapt and change some of the ways we do things.

Church Groups Brunch Club, ETC, 123 Club – Thursday Morning Services and other house groups and Bible study groups now functioning again – some online some in person.

Youth and Children – Creche, Gateway and Explorers are thriving. The new Revive Group is doing well but more volunteers are needed to run Pathfinders.

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Church Hall – Will Hawkes – WH reported that the church hall is now busy most of the time – badminton – dancing – Brownies – with several new users renting space. It is planned to add wi-fi in the small hall. Kitchen, toilets, and heating upgraded.

Finance- Ronnie Matthews – RM gave a brief overview of the church accounts which had previously been circulated and emphasised the fact that the church is totally dependent on voluntary donations and urged all church members to review their giving.

Thinking Green - Cath Demetriou gave an update on the church’s “Thinking Green” Policy.

Building Update – Mike Barkway – MB gave an update on plans to renovate the Narthex – level access for easy entrance into building – disabled toilets – entrance facing street. To implement these changes, we need what the Diocese calls a “Faculty” – basically permission to make changes to church building – also planning applications must be made to Barnet Council. Fundraising will need to start soon to raise funds to cover costs of this work.

Grace House Link – Christ Church has joined with St Paul’s Church, Long Lane to link with Grace House Care Home. Documents are currently being reviewed by solicitors on behalf of Christ Church North Finchley and St Paul’s Long Lane.

Minutes of previous meeting

The Minutes of the previous meeting have previously been circulated were approved and signed by Rev. David Walker.

Annual Accounts – The Accounts having been approved by the Church Council were

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audited by the Independent Examiner.

Electoral Roll – for year April 2021 - March 2022 =105 adults.

Elections

The following having been duly proposed and seconded in advance of the meeting were elected unopposed.

Wardens – Mike Barkway and Will Hawkes

Deputy Warden - Christine Denny-Cooper

Treasurer - Ronnie Matthews

Church Council Secretary – Christine Denny-Cooper

Church Council Members

Lay representative on the Central Barnet Deanery Synod – To be appointed.

Appointment of Independent Examiner - John Helm

Meeting closed at 4.15pm

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New pictures of the Narthex Project PLANNING cazenove Page | 23

Copyright © 2023 Christ Church North Finchley, All rights reserved

Our mailing address is: Christ Church North Finchley 620 High Road London, N12 0NU United Kingdom

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Diocese of London

Charity Registration Number: 1134773

Report & Accounts 31 December 2022

17 Heathville Road London N19 3AL

Simply Churches Chartered Accountants

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Report and Financial Statements 2022 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

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Legal and Administrative Information For the year ended 31 December 2022

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 (re-elected May 2022) Will Hawkes (re-elected May 2022) Elected Lay Representatives Christine Cooper (re-elected May 2022) Belinda Willett (re-elected May 2022) Tony Afuwape (re-elected May 2022) Nakato Kiwana (re-elected May 2022) Kelly Dingba (re-elected May 2022) Margaret Thorp (re-elected May 2022) Ronald Mathews (re-elected May 2022) 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

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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 2022

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 2022. 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 May 2022.

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 114.

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:

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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 2022

3. Achievements and Performance

The church has continued to thrive in the last financial year, and has continued to build on the successes of the previous year in ministering to the pastoral needs of the congregation. Church attendance has been restored to pre-pandemic levels in the last year, although the Online Ministry continues to be a medium by which the pastoral needs of the congregation are being met, particularly with regard to members of the Congregation who cannot regularly attend Church services in person. Social activities within the church are gradually being restored, as is the interaction with the wider community, through schools’ visits and other engagements.

Stephens Memorial Hall continues to benefit from the investment made in upgrading the facilities in the previous year. Hall use has increased as is evident from the increase in Income year on year. There has been further investment in the Hall to upgrade the Boiler and install sound and video equipment. The PCC expects that these costs will be recouped over time through income arising from the use of the Hall.

Income from the Hall has increased significantly in the year the and it is hoped that this trend will continue. The increase in the costs of Utilities has impacted on the overall return, but it is hoped that this is a short term issue, and that costs will reduce as the current economic uncertainty recedes. Further measures have been put in place to streamline the Hall billing structure and this has helped to increase income from Hall lettings.

The Flats at 622 High Road, have been occupied throughout the financial year, at a full market rent, making a significant contribution to Church income. These funds are being used to restore reserves that were utilised in the redevelopment of the flats. Rental increases have been negotiated in the year, with extensions to tenancy agreements. It is anticipated that the flats will continue to enjoy full occupation throughout the year to December 2023.

Further in-depth analyses of the Income and Expenditure for the year and of the financial position of the PCC at 31[st] December 2022 are provided in the following pages of these financial statements.

4. Going Concern

With the Covid 19 Pandemic now behind us and Church attendance restored to pre-pandemic levels, the PCC is confident that there is no significant risk to the Church as a going concern.

Income from Hall lettings has increased significantly over the past year, as the uptake of Hall use has been restored.

Congregational giving has remained relatively stable through the last year, as the congregation has continued to support the church despite the challenges posed by the economic uncertainty.

The reduced Common Fund contribution, negotiated in 2020, continues 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 is 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. This is anticipated to take place by 2025.

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 2022 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.

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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 2022

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 £19,467 in the year to December 2022. This is in comparison to a net surplus of £ 31,997 in the year to December 2021. Income received in the period amounted to £185,647 (£168,833 in 2021) and Expenditure amounted to £166,180 (131,386 in 2021). 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 £81,240 (£86,334 in 2021), through voluntary giving towards its general activities in the advancement of the Gospel. Voluntary Giving towards the maintenance of the Church mounted to £11,520 (£4,360 in 2021). Grants amounting to £4,141 were received in the year (£1,666 in 2021)The total amount received through Voluntary Giving amounted to £85,381. (This compares with £90,964 in 2021).

Tax recovered from Gift Aided receipts recognised in the period amounted to £16,033 (£16,968 in 2021). Actual receipts in the year amounted to £16,837 and this included £10,946 relating to 2021. A further provision of £10,142 has been made for amounts recoverable for 2022, yielding the amount reflected in the financial statements for 2022.

Income from the Hall and Clubs and ancillary church activities amounted to £51,265 (£24,071 in 2021). The income received from Stephens Memorial Hall has seen a significant increase in the year to December 2022.

Rental income received from the Flats at 622 High Road was £ 32,968 (£32,100 in 2021). The Flats were occupied throughout the year at a full market rent. The quantum of this income will remain relatively stable in future years, if the flats are let throughout the year at a full market rent.

5.1.2 Revenue Expenditure

The Church contributed £41,000 (£51,000 in 2021) towards the Church of England Common Fund. This is the most significant item of expenditure and represents 25% of the total outlay in the year.

The total Employment costs paid by the year amounted to £20,381 (£17,922 in 2021). No liability to Employer’s 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 £ 12,708 (£13,281 in 2021) and the cost allocated to the Hall amounted to £ 7,673 (£4,641. on 2021)

Total costs of £8,045 (£9,675 in 2021) 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 £15,948 (£14,990 in 2021) was spent on Utilities and Insurance.

Costs incurred in the Operation and Maintenance of Stephens Memorial Hall were £49,519 (£9,108 in 2020) and £3,073 for the operation of the Clubs (£1,094 in 2021). Maintenance Costs of £2,111 were incurred with regard to 622 High Road, (£692 in 2021)

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 £8,859 (£9,300 in 2021).

5.1.3 Capital Expenditure

There was no Capital Expenditure incurred in 2022 (£63,917 in 2021). Expenditure incurred in upgrading the Hall boiler has been treated as revenue expenditure in these accounts

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 2022

5.2 Fund Balances at the Year End

The Funds of the Church are divided into three categories:

Total Funds at the Year End amount to £2,073,950. The General Funds had a balance of £1,908,867 Designated Funds a balance of £35,734 and the Maintenance Fund a balance of £129,349.

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 £18,537. There has been no change in the value of Stephens Memorial Hall or 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 £5,459 in the year. This is mainly due to the application of funds held in reserve to the upgrade and maintenance 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 an increase of £6,390 in 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 2023, 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 2022
31 Dec 2021
2,073,950
2,054,483
(129,349)
(122,959)
(1,933,378)
(1,937,911)
11,223
(6,387)

The Free Reserves show a net Surplus of £11,223 in the current year (Deficit of £6,387 in 2021).

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 2022

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. Upgrades to the Hall Boiler and the installation of new video and sound equipment were completed in 2022 at a cost of £20k. Wifi facilities have also been installed in the Hall as part of the enhancements. A further Phase 3 of the Hall upgrade is planned. Phase 3 will include the installation of Secondary Glazing and an upgrade of the Disabled Persons Toilet. Phase 3 has not been fully costed and will proceed when more funds become available.

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:

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 24[th] April 2023 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 2022, 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 does not exceed £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:

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 and 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

12 May 2023

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Statement of Financial Activities For the year ended 31 December 2022

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
Funds
Funds
2022
£
£
£
73,861
11,520
85,381
13,190
2,843
16,033
77,800
-
77,800
6,341
-
6,341
21
71
92		 Unrestricted
Restricted
TOTAL
Funds
Funds
2021
£
£
£
86,334
4,360
90,694
15,877
1,091
16,968
51,377
-
51,377
4,791
-
4,791
3
-
3
171,213
14,434
185,647		 158,382
5,451
163,833
158,135
8,045
166,180		 122,161
9,675
131,836
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		 158,135
8,045
166,180		 122,161
9,675
131,836
13,078
6,390
19,467		 36,222
(4,224)
31,997
-
-
-		 -
-
-
13,078
6,390
19,467
-
-
-		 36,222
(4,224)
31,997
-
-
-
13,078
6,390
19,467
1,931,524
122,959
2,054,483		 36,222
(4,224)
31,997
1,895,302
127,184
2,022,486
Total Funds Carried Forward at 31st December 1,944,601
129,349
2,073,950		 1,931,524
122,959
2,054,483

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH NORTH FINCHLEY

Balance Sheet For the year ended 31 December 2022

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
2022
2022
2022
2021
£
£
£
£
1,577,231
-
1,577,231
1,577,231
356,147
-
356,147
356,147
-
-
-
4,533
1,933,378
-
1,933,378
1,937,911
17,231
-
17,231
20,668
16,448
129,349
145,797
137,184
33,679
129,349
163,028
157,852
22,456
-
22,456
41,280
11,224
129,349
140,572
116,572
1,944,601
129,349
2,073,950
2,054,483
-
129,349
129,349
122,959
35,734
-
35,734
41,193
1,908,867
-
1,908,867
1,890,330
1,944,601
129,349
2,073,950
2,054,483

The financial statements were approved by the PCC on 24[th] April 2023 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 2022

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.

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 2022

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:

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 2022

2. Income and Endowments

2. Income and Endowments 2. Income and Endowments
Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
2(a) Voluntary Income
Planned Giving
68,482
11,420
79,902
88,726
Collections at Services
757
100
857
212
Legacies Received
-
-
-
-
Amounts Allocated for Specific purposes
Holiday Club
480
-
480
-
Grants Received
4,141
-
4,141
1,666
Income for Specific Purposes
-
-
-
90
73,861
11,520
85,381
90,694
2(b) Gift Aid Recovered
Gift Aid Recovered - Unrestricted
13,190
-
13,190
15,877
Gift Aid Recovered - Restricted
-
2,843
2,843
1,091
13,190
2,843
16,033
16,968
2(c) Income from Functional Properties
Income From Stephens Memorial Hall
Income from 622 High Road - Rent
Income from the Use of the Church Building		 44,465
-
44,465
19,277
32,968
-
32,968
32,100
368
-
368
77,800
-
77,800
51,377
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
Income from the English Tuition Club
Income from The Luncheon Club
Income from the 123 Club
2(e) Investment Income
Bank Interest Received on Hall Deposit Account
Total Income		 275
-
275
1,073
2,883
-
2,883
2,500
812
-
812
291
1,179
-
1,179
300
241
-
241
149
951
-
951
478
6,341
-
6,341
4,791
21
71
92
3
171,213
14,434
185,647
163,833

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 2022

3. Expenditure

Total Expenditure in the Year to December 2022 of £166,180 (£131,836 in 2021) is analysed as follows:

Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
3(a) Church Activities
Ministry and Outreach
Contribution to the London Diocesan Fund
41,000
-
41,000
51,000
Youth and Children's work
2,231
-
2,231
379
Church Social Activities
-
-
-
-
Expenses Reimbursed
332
-
332
338
Sundry Ministry and Outreach
10,135
-
10,135
18,364
53,698
-
53,698
70,081		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
3(a) Church Activities
Ministry and Outreach
Contribution to the London Diocesan Fund
41,000
-
41,000
51,000
Youth and Children's work
2,231
-
2,231
379
Church Social Activities
-
-
-
-
Expenses Reimbursed
332
-
332
338
Sundry Ministry and Outreach
10,135
-
10,135
18,364
53,698
-
53,698
70,081
3(b)
Employment Costs
Administrator's Remuneration - Church Proportion
Employers NIC		 12,708
-
12,708
13,281
-
-
-
-
12,708
-
12,708
13,281

The total Employment costs paid by the year amounted to £20,381 (£17,922 in 2021). 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 two employees in December 2022. Jonathan Street left in the year. Colin Short and Claire East were employed throughout the year.

3(c)
Church Running Expenses
General Administration Costs
Printing and Stationery
Statutory Fees
Supplies
Subscriptions
Bank charges
Sundry Expenses		 4,624
1,593
6,217
1,337
687
-
687
370
926
-
926
-
174
470
644
-
1,807
-
1,807
737
259
81
340
322
-
-
-
-
8,476
2,144
10,620
2,766
3(d)
Church Repairs and Maintenance
Church Premises - Cleaning
Church Premises - Utilities
Church Premises - Insurance
Church Premises - Maintenance of the Fabric of Buildings
Professional Fees
Vicarage -Utilities		 1,299
-
1,299
950
8,853
-
8,853
5,784
5,796
-
5,796
7,406
-
1,368
1,368
1,874
1,477
-
1,477
3,180
1,576
-
1,576
850
19,001
1,368
20,369
20,044

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 2022

3. Expenditure (continued)

Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
3(e)
Maintenance of Other Functional Properties
Expenditure on Stephens Memorial Hall
49,519
-
49,519
9,108
Expenditure on 622
2,111
-
2,111
692
51,630
-
51,630
9,800		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
3(e)
Maintenance of Other Functional Properties
Expenditure on Stephens Memorial Hall
49,519
-
49,519
9,108
Expenditure on 622
2,111
-
2,111
692
51,630
-
51,630
9,800
1,867
-
1,867
906
161
-
161
68
1,045
-
1,045
120
3,073
-
3,073
1,094
3(f)
Expenditure on Clubs
Expenditure on the English Tuition Club
Expenditure on the Luncheon Club
Expenditure on the 123 Club
3(g)
Missionary and Charitable Giving
Open Doors
The Church Army Bridge Project
CMJ
Wycliffe Bible Translators
Bread of Life
Colombo Theological Seminary		 1,388
-
1,388
1,550
1,388
-
1,388
1,550
1,388
-
1,388
1,550
1,388
-
1,388
1,550
1,388
-
1,388
1,550
1,651
-
1,651
1,550
8,589
-
8,589
9,300
3(h)
Governance Costs
Examiner's Fee
3(i)
Other Costs
Depreciation of Church Equipment		 960
-
960
936
960
-
960
936
-
4,533
4,533
4,533
-
4,533
4,533
4,533
Total Expenditure 158,135
8,045
166,180
131,836

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 2022

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		 2022
2021
£
£
42,076
13,063
2,389
5,170
Donations ( incl Contra ) -
1,044
Expenditure
Utilities, cleaning, insurance
Repairs and maintenance
Hall decorations
Administration & Salaries
Sundries
Net income		 44,465
19,277
17,993
3,087
23,853
1,381
-
-
7,673
4,641
-
-
49,519
9,108
(5,054)
10,169

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 2022

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
Hall
Total
£
£
1,577,231
1,933,378
-
1,577,231
1,933,378
-
-
-
-
-
-
1,577,231
1,933,378
1,577,231
1,933,378
Cost at 1 January 2022
As at 31st December 2022
Depreciation
As at 1 January 2022
Charge for year
As at 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021

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. The Equipment has been fully depreciated in the current year.

Equipment
Total
£
Cost at at 1 January 2022 13,600
Equipment Purchased during the year -
As at 31st December 2022 13,600
Depreciation
As at 1 January 2022 9,067
Charge for year 4,533
As at 31 December 2022 13,600
Net book value at 31 December 2022 -

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 2022

6 Debtors

Prepayments
HMRC (tax reclaim)
Amounts Due from the Letting of Stephens Memorial Hall
Net Salaries, PAYE & Pensions		 2022
Total
£
6,713
10,142
-
376
17,231		 2021
Total
£
2,449
10,946
7,273
-
20,668
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
Payments on Account from the Letting of Stephens Memorial Hall
Accruals
Sundry Creditor		 2022
Total
£
3,069
1,672
8,325
5,000
-
2,297
1,008
1,085
22,456		 2021
Total
£
3,069
4,543
11,637
15,000
38
-
1,008
5,985
41,280

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 2022
£
48,191
47,802
10,443
22,624
7,265
281
578		 Receipts
In The Year
£
96,154
45,984
43,296
2,390
1,179
241
951
190,196		 Payments
in the Year
£
(121,375)
(6,692)
(30,347)
(20,097)
(1,867)
(161)
(1,045)
(181,583)		 Cash as at
31 Dec 2022
£
22,970
87,095
23,392
4,917
6,577
361
484
137,184 145,797

The Net cash position of the PCC has increased by £8.613

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 2022

9 Analysis of Parish Funds

Movements during 2022

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 2022
Income
Expend.
Transfers
Balance at
31 Dec 2022
£
£
£
£
£
1,890,330
123,155
(104,618)
-
1,908,867
10,445
43,296
(30,347)
-
23,394
22,624
2,390
(20,097)
-
4,917
7,265
1,179
(1,867)
-
6,577
281
241
(161)
-
361
578
951
(1,045)
-
484
41,193
48,058
(53,517)
-
35,734
1,931,524
171,213
(158,135)
-
1,944,601
Restricted Funds
Maintenance Fund
Grand Total		 122,959
14,434
(8,045)
-
129,349
2,054,483
185,647
(166,180)
-
2,073,950
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
Restricted Funds
Maintenance Fund
Grand Total		 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)
-
1,931,524
127,184
5,450
(9,675)
-
122,959
2,022,487
163,833
(131,837)
-
2,054,483

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 2022

9 Analysis of Parish Funds (continued)

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 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 2022

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
(19,286)
(22,456)
17,231
1,908,867
-
23,395
-
-
-
23,395
4,917
-
-
-
4,917
-
6,577
-
-
-
6,577
-
361
-
-
-
361
-
484
-
-
-
484
-
35,734
-
-
-
35,734
1,933,378
16,448
-
(22,456)
17,231
1,944,601
-
129,349
-
-
-
129,349
1,933,378
145,797
-
(22,456)
17,231
2,073,950

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 2022

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 £12,970 (2021: 13,410) in unrestricted offerings and donations during the year.

There were no other related party transactions in the year to 31 December 2022.

21