**Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2021**
## **Incumbent**
The Reverend Stephen Coleman The Vicarage 10 Langham Gardens Grange Park London N21 1DN
**Vera Avenue, Grange Park London N21 1DN**
**Registered Charity Number: 1135369**
1
## **Annual Report of the Parochial Church Council for the Year Ended 31 December 2021**
## **Administrative information**
The Parish Church of St Peter, Grange Park is located on Vera Avenue in Grange Park, which is within the Edmonton Episcopal Area of the Diocese of London. The address for correspondence is The Vicarage, 10 Langham Gardens, Grange Park, London, N21 1DN which is adjacent to the church.
The Parochial Church Council (PCC) is a charity registered with the Charity Commission – registered number 1135369.
## **The Vicar’s Report**
## _Worship_
Due to Covid-19, the beginning of 2021 was bleak; infection levels were at a record high though the national roll out of the vaccination programme provided some hope. Whilst churches were legally allowed to hold public worship during this lockdown, the PCC took the decision to close the church for public worship as Grange Park had the highest levels of infection across the borough of Enfield. However, the worship of God of course remained our primary function as a church. Worship was offered through video homilies, Zoom Evening Prayer and Zoom Junior Church. A Zoom Lent Group was run, reading and discussing homilies from Bishop Rowan Williams reflecting on the pandemic.
Our church building re-opened for worship again on Mothering Sunday in March; mitigations remained in place including hand sanitisation, the wearing of face coverings, communion in one kind, and no congregational singing. The service pattern from Autumn 2020 was put back in place:
8.30am – The Eucharist (said) 10am – Parish Eucharist
11.30am – Children’s Service (aimed at children in school year two and below) 5pm – Youth Mass (aimed at young people in school year three and above)
As the year passed, and infection rates fell and vaccination rates increased, mitigations were gradually removed from church life. By the Autumn, Junior Church returned during the Parish Eucharist (bringing an end to the 11.30am Children’s Service); there was a wonderful sense of the whole church family gathering to worship again. The
2
8.30am said Eucharist and the 5pm Youth Mass continued (the latter fortnightly). Numbers remained high during 2021, with an average of around 130 attending worship each Sunday and approximately 400 adults and children who were part of the overall worshipping life of the church.
The enhancement of our worshipping life continued throughout the year. The appointment of Sarah Young as cantor has added a great deal to the musical offering in the church, and we were able to run once more our festival services including our Corpus Christi Festival in June, at which we welcomed Fr Mark Mawhinney, Priest in Charge of St Michael’s Westoe and St Hilda’s South Shields as the preacher, and our Dedication Festival in November, celebrating the 80[th] anniversary of the Dedication of our current church building, at which we welcomed the Vice Dean of Durham, Canon Michael Hampel, as preacher.
Twenty two baptisms took place in 2021, and one marriage was solemnized this year, in July 2021. A record thirty five candidates were confirmed or received into the Church of England at St Peter’s by the Bishop of Edmonton this year, at outdoor celebrations of the Eucharist in July and September.
## _Pastoral Care_
Pastoral care has always been at the heart of the life of St Peter’s. A pastoral team, set up in March 2020, continued to provide assistance and support to more vulnerable members of the congregation.
During 2021 our social events began to return, with a family BBQ to celebrate our Patronal Festival in June, the John James Mystery Gardens event in July, the harvest bring and share lunch in October, and the usual Christmas events including the Christmas Fayre and Christmas Lunch, all of which were very well attended in spite of ongoing Covid concerns. Excitement is already building for long standing and new social events in 2022.
We were deeply saddened that a number of members of our church family died in 2021 including Beryl Andrews, Jean Tumbridge, Terry Hawes and Mary Chapman. We continue to pray for them and all who mourn.
## _Outreach_
Whilst our hall was closed to regular and occasional hirers during the first few months of 2021, regular and occasional hirers began to return from the late Spring onwards as restrictions were eased. The community interest company _Cooking Champions_ continued to run their outreach work of cooked meals and food parcels from our hall and church, and we also partnered with them as they opened what has become a successful community café each Friday.
## _Thank you_
2021 saw our church make a great start in building back from Covid-19, and this would not have been possible without the hard work and dedication of so many members of our congregation. Thanks are specifically due to our hall manager, administrator, churchwardens, treasurer and members of the PCC who have been unwavering in their support. Particular thanks goes to Fr Vincent Sheehan, our new Associate Vicar who was licensed to the parish in November. Fr Vincent has already made a very
3
positive impact both in worship and in pastoral care, and I am grateful to him for sharing in the priestly ministry in this place.
## _Outlook_
2022 will clearly be a key year in terms of building back after Covid-19. As we look to ministering to a community changed by Covid-19 and also facing a cost of living crisis, the PCC will be discerning a new mission action plan to set our priorities for the next three years so we can effectively serve the needs of the wider community. There are challenges ahead in terms of raising funds to increase our common fund contribution, encouraging back to church all members of our church family, and increasing our volunteer capacity. But 2022 has already got off to a great start and we pray that we will continue to be open to God’s will for our life together as the church in this place.
_The Revd Stephen Coleman Parish Priest and Vicar_
## **The Vicar’s other responsibilities**
As well as his parish ministry, the Vicar serves as Sub-Dean of Enfield, assisting the Area Dean of Enfield in his care for and oversight of the parishes in the geographically central area of the Deanery. He is also one of the Bishop of London’s Surrogates for the granting of marriage licences.
This year he was reappointed as a director and trustee of the London Diocesan Board for Schools (where he serves as vice chair of the governance committee). He remains a director of the Wren Academies Trust, chair of the local governing body of the Wren Academy, Enfield, and a co-opted governor of St Paul’s School in Winchmore Hill (where he is safeguarding governor, chair of the Curriculum and School Activities Committee, and is a member of the clergy team).
The Vicar also retains an active interest in the field of Ecclesiastical Law and Law and Religion: he is undertaking a PhD in this area at Cardiff University where he is also Assistant Director of the Centre of Law and Religion and deputy course director of the LLM in Canon Law. He also teaches Ecclesiastical Law to curates and incumbents in the Diocese of London, and is a trustee of the Ecclesiastical Law Society. He is assistant chaplain to the Society of Our Lady of Pew at Westminster Abbey.
The Vicar’s annual stipend from 1 April 2021 remained at £27,600.
_SPLC_
## **Proceedings of the Parochial Church Council**
Members of the PCC are elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
PCC members who have served since the APCM on 23 May 2021 are:
|**Name**|**Position**||
|---|---|---|
|The Revd. Stephen Coleman|Incumbent|Chair of the PCC|
|The Revd. Vincent Sheehan|Associate Vicar|_(From November 2021)_|
|Mr. Stuart Davies|Churchwarden|Vice-Chair of the PCC|
4
Mr Stephen Gormley Miss Isabella Gormley Mrs. Elizabeth Glencross Mrs. Cathrine Sparey Mr. George Constantinou Mr. Richard Eason Mrs David Hastings Mr. Richard Paterson
Churchwarden Youth Warden Parochial Representative of the laity Parochial Representative of the laity Parochial Representative of the laity Representative of the Deanery Synod Representative of the Deanery Synod Parochial Representative of the laity
## Health and Safety
Treasurer Secretary
Chair of the Estates and Premises Committee Safeguarding Officer
Mr Roy Stanson Parochial Representative of the laity Mrs Debbie Warren Parochial Representative of the laity Safeguarding Officer Mr Stuart Wolf Parochial Representative of the laity Ms. Rebecca Ferdinando Parochial Representative of the laity Mr Nathan KandekoreParochial Representative of the laity White Mrs. Zoe Ryder Parochial Representative of the laity Mrs. Andrea Connor Parochial Representative of the laity Mrs Jill Johnson Parochial Representative of the laity Mr Richard Ellis Parochial Representative of the laity Mr Stephen Miller Ex-Officio (Diocesan Synod) Mr Kevin Albery Co-opted Planned Giving Officer
The 93[rd] Annual Parish Council Meeting was held in the parish church on 23 May 2021.
The PCC met six times in 2021; due to Covid-19 these were a mixture of in person meetings and meetings on Zoom.
The PCC worked through a published agenda at each meeting: the treasurer’s report and the safeguarding officer’s report are standing items. Due to the Covid-19 pandemic a recovery group continued to meet, and was comprised of the Vicar, churchwardens, treasurer, chair of estates and premises and the health and safety leads. This group discussed risk assessments and other issues around church re-opening, and financial issues caused by the pandemic.
Over the coming year the PCC will continue to focus on the recovery of church life following the pandemic, the re-launch of our various ministries, and discerning God’s will for the way we serve our parish and community following the disruption to life caused by Covid-19.
_SPLC_
## **Electoral Roll**
On 1 January 2021 there were 200 people on the Electoral Roll. Between January 2021 and December 2021 there were 21 additions and 2 removals from the roll. As at 31 December 2021 there were 219 people on the Electoral Roll.
_Vivien Robbins Electoral Roll Officer_
5
## **Financial Commentary**
## _Summary_
The results for the year to 31st December 2021 show a deficit of £4,983 compared with the previous year’s surplus of £25,353. Total income was £99,216 consisting of our generous voluntary income and improved hall income from 2020 levels. Expenditure of £104,200 results from our payment of £50,000 to the common fund and increased running costs of the both the hall and the church once reopened. Net reserves were £403,424.
## _Income_
Total income was £99,216. Voluntary income benefited from the one-off legacy of £20,000 and totalled £69,993. Hall income increased from £15,027 to £25,705 due to Covid 19 restrictions being lifted and the hall open for the second half for the year. Fees for weddings and funerals increased for the same reasons.
## _Expenditure_
Total expenditure at £104,200 was higher than the previous year. The main contributors to this were the increased common fund costs and increased running costs of the hall and the church.
## _Future Outlook_
With the Coronavirus restrictions lifted, Hall letting income should see 2022 levels in line with at least 2019. However, the hall running costs are high and the PCC will need to plan as to how we can reduce these, particularly in light of increasing utilities costs.
It should be noted that the PCC has approved a five year plan to increase our annual common fund contribution to at least ‘cost’ within five years, in order to cover our ministry costs as a parish as part of an aim to secure the viability of St Peter’s in the long term. In spite of Covid-19 and rising utilities costs this remains our ambition, and it will require a significant increase in giving. A new stewardship campaign was launched in October 2019, and it is a priority of the PCC that every household should be encouraged into this scheme.
## _Reserves Policy_
The PCC has adopted a policy of maintaining a minimum balance on the General Unrestricted Fund which would cover three months average expenditure. This policy allows for sudden and unexpected expense which may arise. The objective has been met throughout 2021. It is the policy of the PCC to invest fund balances which are not required in the short term, with the Central Board of Finance, Church of England Deposit Account at CCLA Investment Management Ltd.
_Cathrine Sparey Treasurer_
6
## **Report by the churchwardens on Fabric, Goods and Ornaments**
Under Section 5 of the Care of Churches Ecclesiastical Jurisdiction Measure 1991, the Churchwardens are required to report to the Annual Parochial Church Meeting on the fabric of the Church and all the articles.
The updating of the terrier and inventory with a few additions of photographs of the more valuable items continues in preparation for the Archdeacon of Hampstead’s triennial visitation in July 2022. The Terrier has been updated and includes the plans and safety certificates for the external uplighting, security lighting and the internal spotlights illuminating the stations of the cross.
The Quinquennial Inspection by our appointment architect, Ms Sarah Earney, of the church took place in November 2021. Actions to be taken within the current 12 months timeframe include :-
- Carry out closer inspection of flat roof above choir vestry and repair all cracks and holes
- Clearance of gutters following the last of the leaf fall
- Relocate downpipe to north west corner of the tower to sit directly below the hopper
- Reset loose stones to front steps
- Solar paint on mastic asphalt roofing should be reapplied
- Repair and redecoration of cast iron rainwater goods
- Monitor areas of apparently dampened external wall for damp within the church
- Repoint open joints in entrance steps. Consider replacement of stone pieces that have lost material
- Redecorate external doors to organ loft and tower roof void
- Redecoration and repair of steel framed windows, including draught proofing
- Repair and redecoration of plaster to walls and ceiling in Lady Chapel
- Stored items should be removed from the organ loft
- Undertake Access and Disability Audit
Ms Sarah Earney provided a clear plan for the short and longer term, we thank her for her thorough and detailed report on the current condition of our church buildings and grounds.
In the winter the church hall, now six years old, benefited from refurbishment and continues to be a high quality resource benefitting both the church and wider community.
Thank you to all who volunteer and contribute to the life of St Peter’s. We are grateful to Richard Paterson, chair of the Estates and Premises Committee, who leads the maintenance of the church building and church hall; we continue to benefit from his knowledge, advice and guidance. The mowing team maintains the lawns and gardening morning volunteers tidy hedges and borders. The sidesteam manage the smooth running of all Sunday services and the support of everyone involved is much appreciated. Thank you to all who lead worship as Intercessors and readers and Sunday school leaders.
7
The church hall provides a much needed resource for the church community, local charities and private hirers. Members of the church community continue to give to others in many ways at this difficult time, the church continues to be a home base for a variety of groups and activities.
There is much to look forward to in the coming year, and we would like to encourage everyone to think about the contribution you make to the life of our church. If you would like to know more please speak to the Vicar or one of the churchwardens.
_Stephen Gormley Stuart Davies Churchwardens_
## **Estates and Premises Report**
The Estates and Premises Committee is responsible for the maintenance, care and upkeep of the Church, Church Hall and their grounds, minor works are carried out as a matter of course, but some are referred to the Vicar and/or the Church Wardens, whilst major works or items of expenditure are referred to the PCC for discussion and approval.
During the calendar year of 2021 monies of note were spent replacing the Church Bell (£648), waterproofing the Lady Chapel roof, repainting the ceiling and decorating the chapel (£2,120) and the gutters were cleared of leaves (£552).
The Hall was painted internally and the floor sanded and lacquered between Christmas and New Year (£6,300) and the Portico was painted.
We carried out a spring gardening day on 27th March 2021 which was well attended and I wish to extend my thanks to all those who participated.
On 1 April (April Fools’ Day!) we received a notice from Thames Water to the effect that they had established that our foul water from the hall was being discharged into the surface water sewer and ending up in Salmons Brook. It was not possible to hold Chastell Builders to account, so the works were carried out and passed an inspection by the Department of Works at the London Borough of Enfield within weeks. The costs were met by way of an anonymous donation.
The Quinquennial Inspection was carried out by our Quinquennial Architect, Ms Sarah Earney on 7th October. I have worked closely with Sarah since that event and am following her guidance and including her where required in effecting the works flagged up in her report during the current calendar year and beyond.
Stuart Davies has a mowing rota, the results of which are clear for all to see and I am grateful to Stuart for managing this aspect of the committee’s work.
_Richard Paterson Chair of the Estates and Premise Committee_
8
## **Enfield Deanery Synod Report**
There have been three Deanery Synod meetings since the last church annual parochial church meeting.
The first took place on 21[st] July 2021 at Saint Peter and Saint Paul, Enfield Lock where the Area Dean, the Reverend Stephen Gallagher, welcomed members, especially newcomers, and opened the meeting with prayers. The post of Synod secretary resulted in Paul Holgate being duly elected unopposed.
Father Stephen of Saint Peter’s Grange Park presented a report on the London Diocesan Board for Schools and once again appealed for school governors; a recurring theme at Synod meetings. Rebecca Chapman from the General Synod then gave a very interesting presentation on the subject of being an effective Deanery Synod.
The Revd Dr Amatu Christian-Iwuagwu informed us that the PCCs of St Mark Bush Hill Park and St Stephen's Bush Hill Park had passed resolutions agreeing that the two parishes be merged and form a single parish. The meeting was followed by refreshments and a barbecue in the Vicarage garden which was much enjoyed.
The next meeting took place on the 16th of November at Saint John the Evangelist Palmers Green where we were welcomed by the Reverend Julie Coleman. The Area Dean Stephen Gallagher once again emphasised the importance of recruiting suitable candidates for school governors, not necessarily for our own area but elsewhere in the Deanery where they are most needed. We then came to the main item with the agenda being an Effective Deanery following the presentation at the last meeting. We divided into groups to discuss the issue which, despite none of us knowing anyone else, soon produced an interesting result not least that meetings should be less formal and more frequent.
The meeting of the 10th of March took place at Saint Paul’s Winchmore Hill. The Area Dean welcomed the members and the opening prayers were led by the Reverend Daniel Sandham which included prayers for peace in Ukraine. Following the discussion at the previous meeting the standing committee had recommended that a small working party should be formed to review the suggestions made on becoming an effective Deanery. The Area Dean asked for volunteers interested to contact Paul Holgate the secretary. Paul has set up a Facebook page for the Deanery.
The synod then welcomed Dr Paula Gooder, Canon Chancellor of St Paul's Cathedral. The main theme of her talk was the temptations of Christ by the devil as told by St Luke. This was warmly appreciated by those in attendance and provoked enthusiastic questions.
Contrary to popular misconceptions synod meetings are by no means dull and boring. Matters can be somewhat tedious at times as meetings are like that. But so far the current synod has been interesting, thought provoking, and worthwhile.
_David Hastings Deanery Synod Rep_
9
## **Safeguarding Report**
Debbie Warren continued as the Church Safeguarding Officer, and at the 2021 APCM Rebecca Ferdinando was appointed as the Children’s Champion, succeeding Elizabeth Glencross.
The PCC adopted the ‘Policy for Safeguarding in the Diocese for London’ in 2021. The PCC has also complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).
Safeguarding is a standing item on the PCC agenda and church noticeboards provide relevant information on safeguarding in the church and the contact details of church officers and outside agencies who are there to provide help and support when it is required.
All PCC members are required to update their knowledge of the key issues and challenges by accessing online training materials as part of our commitment that safeguarding is everyone’s responsibility.
Risk assessments and auditing all aspects of the church are in place. We appreciate the advice and guidance of Tracey and Steve Gormley, the church health and safety leads, with these essential activities.
The Church Safeguarding Officer ensures that anything that raises a safeguarding concern is reported to the Diocesan Safeguarding Team as quickly as possible.
As a matter of course all Sunday school teachers, Youth club leaders, church officers and members of the PCC are DBS checked. The church community understand the importance of the checking process and their cooperation is appreciated.
The church is committed to supporting the young, old and vulnerable. There have been numerous examples this year of individual acts of kindness. Thank you for all that you do.
_Debbie Warren Safeguarding Officer_
10
## **The Parish Church of St Peter's Church, Grange Park**
**Registered Charity Number: 1135369**
## **Financial Statements**
## **of the**
## **Parochial Church Council**
**for the year ended 31 December 2021**
## **Index to Financial Statements:**
**Page: Contents:**
- **1 Report of the Independent Examiner**
- **2 Statement of Financial Activities**
- **3 Balance Sheet**
- **4 to 9 Notes to the Financial Statements**
**Bank :** Barclays Bank PLC
## **Treasurer:**
Cathrine Sparey 20 The Chine Grange Park London N21 2EB
## **Independent Examiner:**
Michael Griffin FCA 35 Green Moor Link Winchmore Hill London N21 2NN
## **Independent Examiner's Report to the Trustees of St Peter's Church, Grange Park, Parochial Church Council.**
I report on the accounts for the year ended 31st December 2021 which are set out on pages 2 to 9.
## **Respective responsibilities of the Trustees and the Independent Examiner.**
The Charity's Trustees 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. It is my responsibility to :
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 ( 5 ) ( b ) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning such matters.
The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent Examiner's Statement.**
In connection with my examination, no matters have come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with s.130 of the 2011 Act; or
- to prepare accounts which accord with these accounting records have not been met; or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Griffin FCA 35 Green Moor Link Winchmore Hill London N21 2NN
1.
Date: 3 May 2022
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Statement of Financial Activities**
## **For the year ended 31 December 2021**
|Unrestricted
Notes
Funds
£
**INCOMING RESOURCES**
Voluntary income
2a
69,993
Activities for generating funds
2b
1,503
Income from investments
2c
20
Church activities
2d
27,700
**TOTAL INCOMING RESOURCES**
99,216
**RESOURCES EXPENDED**
Costs of generating voluntary income
3a
Fund-raising trading costs
3b
821
Church activities
3c
97,054
**TOTAL RESOURCES EXPENDED**
97,875
**NET MOVEMENT IN FUNDS**
1,342
Balances b/fwd 1 January 2021
88,347
Balances c/fwd 31 December 2021
89,689|Restricted
Funds
£
-
-
-
-
-
-
-
6,325
6,325
(6,325)
320,060
313,735|TOTAL
FUNDS
2021
£
69,993
1,503
20
27,700|TOTAL
FUNDS
2020
£
61,619
7,446
171
15,959|
|---|---|---|---|
|||99,216|85,195|
|||821
103,379|240
18
59,584|
|||104,200|59,842|
|||(4,983)
408,407|25,353
383,054|
|||403,424|408,407|
The accompanying notes on pages 4 to 9 form part of these financial statements.
2.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Balance Sheet at 31 December 2021**
|Notes
**FIXED ASSETS**
Church Hall
5
Fixtures & Fittings
5
**CURRENT ASSETS**
Debtors
6
Short term deposits
Cash at bank and in hand
**LIABILITIES**
Creditors: amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**PARISH FUNDS**
Restricted funds
8
Unrestricted funds
8|2021
£
309,915
17,052
326,967
7,898
38,402
39,515
85,815
9,358
76,457
403,424
313,735
89,689
403,424|2020
£
316,240
22,736|
|---|---|---|
|||338,976|
|||18,300
38,380
32,321|
|||89,001
19,570|
|||69,431|
||||
|||408,407|
|||320,060
88,347|
|||408,407|
Approved by the Parochial Church Council on 11 May 2022 and signed on its behalf by
Fr Stephen Coleman PCC Chairman
Cathrine Sparey Treasurer
3.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **a Accounting convention**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards, the Statement of Recommended Practice 2015 ( FRS 102 ) and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the depreciation of fixed assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.
## **b Funds accounting**
Funds held by the PCC are:
_Unrestricted funds_ - general funds which can be used for PCC ordinary purposes.
_Restricted funds_ - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaing unspent at the end of the year is carried forward as a balance on that fund.
## **c Incoming resources**
All incoming resources are accounted for gross.
## _**Voluntary Income**_
_Collections_ are recognised when received. _Planned giving_ receivable is recognised only when received. _Income tax_ recoverable on Gift Aid donations is recognised when the income is recognised. _Grants and legacies_ are recognised when the PCC is legally entitled to the amount due.
## _**Income from investments**_
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
## _**All other income**_
All other income is recognised when the booking of the Church Hall or religious event is held, not when the event is confirmed.
4.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **d** _**Resources used**_
Resources expended are accounted for on an accruals basis and are accounted for gross.
## _**Grants**_
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.
## _**Church Activities**_
The Diocesan parish contribution (Common Fund) is accounted for when due.
## **e Fixed Assets**
## _**Tangible fixed assets**_
Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011.
All expenditure on consecrated or beneficed buildings and individual items costing under £1,500 are written off in the year they were incurred.
## _**Depreciation**_
Depreciation will be calculated to write down the cost of tangible fixed assets over their expected useful lives. Depreciation will be charged from the first full year of ownership at the following rates :
Hall - 2% Reducing Balance
Fixtures and fittings - 25% Reducing Balance
## _**Investments**_
Investments are stated at market value at the balance sheet date.
## **f Current Assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short-term deposits include cash held on deposit with the CBF Church of England Funds.
5.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **2 INCOMING RESOURCES**
|Note
a **Voluntary Income**
Planned giving :
Gift Aided donations
Parish Giving Scheme
Other
Collections (open plate)
Donations and appeals
Income tax including Parish Giving Scheme
Grants from Valerie Archibald Trust
Legacies
b **Activities for Generating Funds**
Summer fete
Christmas fayre events
Other fund raising events
c **Investment Income**
Deposit interest
d **Income from Church Activities**
Church hall lettings
2e
Fees for weddings and funerals
**TOTAL INCOMING RESOURCES**
e Church hall lettings|Unrestricted
Funds
£
5,948
27,953
5,799
760
9,533
20,000
69,993
1,253
250
1,503
20
25,705
1,995
27,700
99,216
25,705
25,705|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-|TOTAL
FUNDS
2021
£
5,948
27,953
5,799
760
9,533
20,000
69,993
1,253
250
1,503
20
25,705
1,995
27,700
99,216
25,705
25,705|TOTAL
FUNDS
2020
£
7,683
25,146
50
1,988
230
7,764
13,758
5,000|
|---|---|---|---|---|
|||||61,619|
|||||2,219
2,057
3,170|
|||||7,446|
||||||
|||||171|
|||||15,027
932|
|||||15,959|
||||||
|||||85,195|
|||||15,027|
|||||15,027|
The prior year adjustment reflects the change in accounting policy where income is recognised in the year the booking is held and not when the booking is confirmed.
6.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **3 RESOURCES EXPENDED**
|a
**Costs of generating voluntary income**
b
**Fund-raising trading costs**
Summer and Christmas fetes
c
**Church Activities**
Missionary and charitable giving:
Winchmore Hill Community Care
Secular charities
Ministry costs:
Diocesan parish contribution
Other clergy costs
Enfield Deanery
Church running expenses inc. Insurance
Church maintenance
Vicarage maintenance & running costs
Upkeep of services
Administration
Depreciation
Church Hall running costs
Youth Club expense
Fees Paid to Diocese
**TOTAL RESOURCES EXPENDED**|Unrestricted
Funds
£
821
813
50,000
1,089
2,905
4,756
974
8,958
3,681
5,684
16,628
1,566
97,054
97,875|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
6,325
-
-
6,325
6,325|TOTAL
FUNDS
2021
£
821
813
50,000
1,089
2,905
4,756
974
8,958
3,681
12,009
16,628
1,566
103,379
104,200|TOTAL
FUNDS
2020
£|
|---|---|---|---|---|
|||||240|
||||||
|||||18|
|||||800
18,262
20
4,616
2,784
450
6,288
4,270
9,446
12,648|
|||||59,584|
||||||
|||||59,842|
7.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **4a STAFF COSTS**
## **Wages and salaries**
The PCC did not employ any staff during the year.
Mr Will Sheldon is the Hall Manager appointed on a self employed status. The costs of which are included in Hall Running Costs.
## **b PAYMENTS TO PCC MEMBERS**
There were no disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties.
## **5 FIXED ASSETS**
|Actual / Deemed Cost
Accumulated Depreciation
Net Book Value at 31st December 2021
**6 DEBTORS**
Income Tax Recoverable - Gift Aid
Hall Debtors
Valerie Archibald Grant
**7 LIABILITIES**
**Amounts falling due within one year**
Creditors and Accruals
Deferred Income 2022 hall bookings
Agency Collections
Lighting project|Hall
£
350,000
(40,085)
309,915|Fixtures &
Fittings
£
48,666
(31,613)
17,052
2021
£
1,595
6,303
7,898
2021
£
3,707
5,353
298
9,358|Total
£
398,666
(71,698)|
|---|---|---|---|
||||326,967|
||||2020
£
3,275
1,267
13,758|
||||18,300|
||||2020
£
4,748
596
468
13,758|
||||19,570|
8.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **8 STATEMENT OF FUNDS**
|General fund|Bal b/fwd
1 Jan 2021
£
88,347
88,347|Income
£
99,216
99,216|Expenditure
£
(97,875)
(97,875)|Transfers,
other gains
and losses
£|Bal c/fwd
31 Dec 2021
£
89,689|
|---|---|---|---|---|---|
||||||89,689|
## **Expendable Funds**
|Organ
Vestments
Youth Club
Pews Cushioning
Church Hall
**TOTAL FUNDS**|2,017
321
134
1,348
309,915|
|---|---|
||313,735|
|||
||403,424|
## **9 VALERIE ARCHIBALD BEQUEST**
There is a Vicar and Churchwardens' Trust in respect of the bequest in 2003 from the late Valerie Archibald.
The Trustees have advised that the market value of the Trust's assets at 31st December 2021 was £124,231.36 ( 2020 - £ 120,579).
## **10 BUILDINGS INSURANCE**
The church buildings are valued by Ecclesiastical Insurance on a reinstatement basis, as follows : St Peter's Church £7,800,000 Hall £2,800,000
## **11 AGENCY COLLECTIONS**
9.
Special collections were made for the following, with the funds paid directly to the charity:
364
Vicar's Discretionary Fund
## **Depreciation Schedule 2021**
|Hall opening balance
2% reducing balance
NBV 31/12/21
Fixtures & Fittings opening balance
additions
25% reducing balance
NBV 31/12/20|316,240
-
6,324.80 charge for 2021
309,915
op bal
25% red bal NBV
22,736
sound system
604 -
150.94
453
furniture
695 -
173.81
521
-
5,683.94 charge for 2021
capital over spec
4,128 -
1,032.00
3,096
driveway lighting
338 -
84.38
253
17,052
CCTV
1,076 -
268.88
807
lighting
2,138 -
534.38
1,603
external lighting
13,758 -
3,439.56
10,319
326,967
-
5,683.94
17,051.81|
|---|---|
## **The Parish Church of St Peter's Church, Grange Park**
**Registered Charity Number: 1135369**
## **Financial Statements**
## **of the**
## **Parochial Church Council**
**for the year ended 31 December 2021**
## **Index to Financial Statements:**
**Page: Contents:**
- **1 Report of the Independent Examiner**
- **2 Statement of Financial Activities**
- **3 Balance Sheet**
- **4 to 9 Notes to the Financial Statements**
**Bank :** Barclays Bank PLC
## **Treasurer:**
Cathrine Sparey 20 The Chine Grange Park London N21 2EB
## **Independent Examiner:**
Michael Griffin FCA 35 Green Moor Link Winchmore Hill London N21 2NN
## **Independent Examiner's Report to the Trustees of St Peter's Church, Grange Park, Parochial Church Council.**
I report on the accounts for the year ended 31st December 2021 which are set out on pages 2 to 9.
## **Respective responsibilities of the Trustees and the Independent Examiner.**
The Charity's Trustees 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. It is my responsibility to :
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 ( 5 ) ( b ) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning such matters.
The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent Examiner's Statement.**
In connection with my examination, no matters have come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with s.130 of the 2011 Act; or
- to prepare accounts which accord with these accounting records have not been met; or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Griffin FCA 35 Green Moor Link Winchmore Hill London N21 2NN
1.
Date: 3 May 2022
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Statement of Financial Activities**
## **For the year ended 31 December 2021**
|Unrestricted
Notes
Funds
£
**INCOMING RESOURCES**
Voluntary income
2a
69,993
Activities for generating funds
2b
1,503
Income from investments
2c
20
Church activities
2d
27,700
**TOTAL INCOMING RESOURCES**
99,216
**RESOURCES EXPENDED**
Costs of generating voluntary income
3a
Fund-raising trading costs
3b
821
Church activities
3c
97,054
**TOTAL RESOURCES EXPENDED**
97,875
**NET MOVEMENT IN FUNDS**
1,342
Balances b/fwd 1 January 2021
88,347
Balances c/fwd 31 December 2021
89,689|Restricted
Funds
£
-
-
-
-
-
-
-
6,325
6,325
(6,325)
320,060
313,735|TOTAL
FUNDS
2021
£
69,993
1,503
20
27,700|TOTAL
FUNDS
2020
£
61,619
7,446
171
15,959|
|---|---|---|---|
|||99,216|85,195|
|||821
103,379|240
18
59,584|
|||104,200|59,842|
|||(4,983)
408,407|25,353
383,054|
|||403,424|408,407|
The accompanying notes on pages 4 to 9 form part of these financial statements.
2.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Balance Sheet at 31 December 2021**
|Notes
**FIXED ASSETS**
Church Hall
5
Fixtures & Fittings
5
**CURRENT ASSETS**
Debtors
6
Short term deposits
Cash at bank and in hand
**LIABILITIES**
Creditors: amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**PARISH FUNDS**
Restricted funds
8
Unrestricted funds
8|2021
£
309,915
17,052
326,967
7,898
38,402
39,515
85,815
9,358
76,457
403,424
313,735
89,689
403,424|2020
£
316,240
22,736|
|---|---|---|
|||338,976|
|||18,300
38,380
32,321|
|||89,001
19,570|
|||69,431|
||||
|||408,407|
|||320,060
88,347|
|||408,407|
Approved by the Parochial Church Council on 11 May 2022 and signed on its behalf by
Fr Stephen Coleman PCC Chairman
Cathrine Sparey Treasurer
3.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **a Accounting convention**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards, the Statement of Recommended Practice 2015 ( FRS 102 ) and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the depreciation of fixed assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members.
## **b Funds accounting**
Funds held by the PCC are:
_Unrestricted funds_ - general funds which can be used for PCC ordinary purposes.
_Restricted funds_ - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaing unspent at the end of the year is carried forward as a balance on that fund.
## **c Incoming resources**
All incoming resources are accounted for gross.
## _**Voluntary Income**_
_Collections_ are recognised when received. _Planned giving_ receivable is recognised only when received. _Income tax_ recoverable on Gift Aid donations is recognised when the income is recognised. _Grants and legacies_ are recognised when the PCC is legally entitled to the amount due.
## _**Income from investments**_
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
## _**All other income**_
All other income is recognised when the booking of the Church Hall or religious event is held, not when the event is confirmed.
4.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **d** _**Resources used**_
Resources expended are accounted for on an accruals basis and are accounted for gross.
## _**Grants**_
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.
## _**Church Activities**_
The Diocesan parish contribution (Common Fund) is accounted for when due.
## **e Fixed Assets**
## _**Tangible fixed assets**_
Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011.
All expenditure on consecrated or beneficed buildings and individual items costing under £1,500 are written off in the year they were incurred.
## _**Depreciation**_
Depreciation will be calculated to write down the cost of tangible fixed assets over their expected useful lives. Depreciation will be charged from the first full year of ownership at the following rates :
Hall - 2% Reducing Balance
Fixtures and fittings - 25% Reducing Balance
## _**Investments**_
Investments are stated at market value at the balance sheet date.
## **f Current Assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short-term deposits include cash held on deposit with the CBF Church of England Funds.
5.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **2 INCOMING RESOURCES**
|Note
a **Voluntary Income**
Planned giving :
Gift Aided donations
Parish Giving Scheme
Other
Collections (open plate)
Donations and appeals
Income tax including Parish Giving Scheme
Grants from Valerie Archibald Trust
Legacies
b **Activities for Generating Funds**
Summer fete
Christmas fayre events
Other fund raising events
c **Investment Income**
Deposit interest
d **Income from Church Activities**
Church hall lettings
2e
Fees for weddings and funerals
**TOTAL INCOMING RESOURCES**
e Church hall lettings|Unrestricted
Funds
£
5,948
27,953
5,799
760
9,533
20,000
69,993
1,253
250
1,503
20
25,705
1,995
27,700
99,216
25,705
25,705|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-|TOTAL
FUNDS
2021
£
5,948
27,953
5,799
760
9,533
20,000
69,993
1,253
250
1,503
20
25,705
1,995
27,700
99,216
25,705
25,705|TOTAL
FUNDS
2020
£
7,683
25,146
50
1,988
230
7,764
13,758
5,000|
|---|---|---|---|---|
|||||61,619|
|||||2,219
2,057
3,170|
|||||7,446|
||||||
|||||171|
|||||15,027
932|
|||||15,959|
||||||
|||||85,195|
|||||15,027|
|||||15,027|
The prior year adjustment reflects the change in accounting policy where income is recognised in the year the booking is held and not when the booking is confirmed.
6.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **3 RESOURCES EXPENDED**
|a
**Costs of generating voluntary income**
b
**Fund-raising trading costs**
Summer and Christmas fetes
c
**Church Activities**
Missionary and charitable giving:
Winchmore Hill Community Care
Secular charities
Ministry costs:
Diocesan parish contribution
Other clergy costs
Enfield Deanery
Church running expenses inc. Insurance
Church maintenance
Vicarage maintenance & running costs
Upkeep of services
Administration
Depreciation
Church Hall running costs
Youth Club expense
Fees Paid to Diocese
**TOTAL RESOURCES EXPENDED**|Unrestricted
Funds
£
821
813
50,000
1,089
2,905
4,756
974
8,958
3,681
5,684
16,628
1,566
97,054
97,875|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
6,325
-
-
6,325
6,325|TOTAL
FUNDS
2021
£
821
813
50,000
1,089
2,905
4,756
974
8,958
3,681
12,009
16,628
1,566
103,379
104,200|TOTAL
FUNDS
2020
£|
|---|---|---|---|---|
|||||240|
||||||
|||||18|
|||||800
18,262
20
4,616
2,784
450
6,288
4,270
9,446
12,648|
|||||59,584|
||||||
|||||59,842|
7.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **4a STAFF COSTS**
## **Wages and salaries**
The PCC did not employ any staff during the year.
Mr Will Sheldon is the Hall Manager appointed on a self employed status. The costs of which are included in Hall Running Costs.
## **b PAYMENTS TO PCC MEMBERS**
There were no disclosable transactions in respect of PCC members, nor persons closely connected to them, nor other related parties.
## **5 FIXED ASSETS**
|Actual / Deemed Cost
Accumulated Depreciation
Net Book Value at 31st December 2021
**6 DEBTORS**
Income Tax Recoverable - Gift Aid
Hall Debtors
Valerie Archibald Grant
**7 LIABILITIES**
**Amounts falling due within one year**
Creditors and Accruals
Deferred Income 2022 hall bookings
Agency Collections
Lighting project|Hall
£
350,000
(40,085)
309,915|Fixtures &
Fittings
£
48,666
(31,613)
17,052
2021
£
1,595
6,303
7,898
2021
£
3,707
5,353
298
9,358|Total
£
398,666
(71,698)|
|---|---|---|---|
||||326,967|
||||2020
£
3,275
1,267
13,758|
||||18,300|
||||2020
£
4,748
596
468
13,758|
||||19,570|
8.
## **Parochial Church Council of St Peter's Church, Grange Park**
## **Notes to the financial statements**
## **For the year ended 31 December 2021**
## **8 STATEMENT OF FUNDS**
|General fund|Bal b/fwd
1 Jan 2021
£
88,347
88,347|Income
£
99,216
99,216|Expenditure
£
(97,875)
(97,875)|Transfers,
other gains
and losses
£|Bal c/fwd
31 Dec 2021
£
89,689|
|---|---|---|---|---|---|
||||||89,689|
## **Expendable Funds**
|Organ
Vestments
Youth Club
Pews Cushioning
Church Hall
**TOTAL FUNDS**|2,017
321
134
1,348
309,915|
|---|---|
||313,735|
|||
||403,424|
## **9 VALERIE ARCHIBALD BEQUEST**
There is a Vicar and Churchwardens' Trust in respect of the bequest in 2003 from the late Valerie Archibald.
The Trustees have advised that the market value of the Trust's assets at 31st December 2021 was £124,231.36 ( 2020 - £ 120,579).
## **10 BUILDINGS INSURANCE**
The church buildings are valued by Ecclesiastical Insurance on a reinstatement basis, as follows : St Peter's Church £7,800,000 Hall £2,800,000
## **11 AGENCY COLLECTIONS**
9.
Special collections were made for the following, with the funds paid directly to the charity:
364
Vicar's Discretionary Fund
## **Depreciation Schedule 2021**
|Hall opening balance
2% reducing balance
NBV 31/12/21
Fixtures & Fittings opening balance
additions
25% reducing balance
NBV 31/12/20|316,240
-
6,324.80 charge for 2021
309,915
op bal
25% red bal NBV
22,736
sound system
604 -
150.94
453
furniture
695 -
173.81
521
-
5,683.94 charge for 2021
capital over spec
4,128 -
1,032.00
3,096
driveway lighting
338 -
84.38
253
17,052
CCTV
1,076 -
268.88
807
lighting
2,138 -
534.38
1,603
external lighting
13,758 -
3,439.56
10,319
326,967
-
5,683.94
17,051.81|
|---|---|