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2020-12-31-accounts

CHRIST CHURCH HIGHBURY WITH ST. JOHN AND ST. SAVIOUR

ANNUAL REPORT AND ACCOUNTS OF THE PAROCHIAL CHURCH COUNCIL

for the year ended 31st December 2020

Supported by:

Charity Commission Registration No: 1135420

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CONTENTS CONTENTS PAGE
1. Annual Report of the Parochial Church Council 3-8
2. Independent Examiner’s report to the members of the PCC 10
3. Introduction to the financial statements 11
4. Statement of financial activities 12
5. Balance sheet 13-14
6. Cash Flow 15
7. Notes to the financial statements 17-29
8. Related charities: the St. John’s Mission Hall Trust – Registered 29-30
Charity No. 280116

The following pages do not form part of the financial statements

Appendix I: Detailed income and expenditure account – unrestricted 31-34
PCC Funds and restricted building funds
Appendix II: Donations to charity 35
Appendix III: Playgroup Income and Expenditure account 36

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1. ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL

Aims and purposes

Christ Church Highbury Parochial Church Council (“PCC”) has the responsibility of cooperating with the incumbent Reverend Andy Chrich (the “Incumbent”), in promoting in the parish, the whole mission of the Church pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the church building of Christ Church Highbury, 155 Highbury Grove, London N5 1SA.

Objectives and activities

The PCC’s vision is:

Specifically our core mission aims are:

Christ Church Highbury is committed to serving the spiritual needs of those who live in the parish, to provide a place where people can meet, and to provide services that meet the needs of some of the most vulnerable in our community such as the homeless.

When planning our activities for the year, we have considered the Commission’s guidance on public benefit, and in particular, the supplementary guidance on charities for the advancement of religion. To facilitate this work it is important that we maintain the fabric of the Christ Church Highbury and continue to seek to develop facilities from which to serve better the needs of the community.

Achievements and Performance

2020 has been a challenging environment as a result of the COVID-19 global pandemic (the “pandemic” or “COVID”). Our building has been closed or had severely reduced access in accordance with Government restrictions. We have continued to implement our Mission Action Plan developed in 2019, where we have been able to, adapted where possible in light of the pandemic. When restrictions permitted, we continued as many of our regular activities as possible.

We would like to express our thanks and gratitude to Revd. Andy Chrich, Revd. Tania Witter, Revd. Becca Rimmer, Lydia Young, Polly Arthur, Jules Soanes, James Buckham, and all others who have worked tirelessly to keep our church services and church life going during the pandemic. Their dedication, hard work, creativity and unceasing efforts during this most difficult of times has been amazing and is greatly appreciated by all.

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1. A place where everyone can come to faith in Jesus Christ and grow spiritually

During 2020 we:

2. A ‘well’ drawing people from across the local community to be a place where they can find refreshment, healing and wholeness

In 2020 we:

3. A church which looks beyond itself and resources mission and ministry both home and away

In 2020 we:

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Priorities for 2021:

1. A place where everyone can come to faith in Jesus Christ and grow spiritually

In 2021 we will:

2. A ‘well’ drawing people from across the local community to be a place where they can find refreshment, healing and wholeness

In 2021 we will:

3. A church which looks beyond itself and resources mission and ministry both home and away.

In 2021 we will:

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Deanery Synod

Islington Deanery Synod is the forum for representatives of the Anglican churches in the borough to discuss matters of mutual concern. Three meetings take place per annum, usually at different churches around the deanery.

COVID-19 restrictions during 2020 meant that just one physical meeting took place - at St Clement's Finsbury in February. Two further meetings took place online - in April and December.

The main topic for consideration by the Synod in 2020 was the London Diocese Capital Vision 20202030. Stepney Area Bishop Joanne attended the April meeting to participate in discussion of how churches in the deanery can work together over the next 10 years to develop confident disciples, creative growth, compassionate communities, and connected young people. Other agenda items during the year included the response of Islington churches to COVID-19. Deanery Synod is also responsible for appointing Governors to church schools in Islington. This work continued.

Church Building

During 2020, despite interruption to our regular schedule of maintenance we successfully applied for three Cloudesley grants: the Spring Round for the repairs to some drain runs and the new ramp which is part of the Community building project; the Autumn Round towards the rest of the Pinnacle round three works and towards electrical works. We are also grateful to Cloudesley for the award of an Emergency Covid Support Grant which enabled us to purchase essential equipment for the live streaming of our worship. We were also in receipt of a Heritage Lottery Emergency Grant part of which was allocated to essential inspection, testing and maintenance of fire safety, electrical equipment/installations and guttering.

Over the Christmas period we commissioned the upgrading of the electrical fuse board, the addition of a surge protection board along with some surge protection on our sound desk, organ and projectors. Round three of works on the Pinnacles commenced.

In 2021 we plan to carry out works to the drainage and access ramp. We will continue to monitor cracking of internal /external brick work.

Community Centre

In 2020, we completed funding for the project via the sale of the Lyndon Court flat. A competitive tendering programme was run to appoint constructors and the PCC approved signing of contracts to begin building in March 2021. Building work commenced in March 2021, we are hoping that the project will be completed by January 2022.

Playgroup

2020 was the most challenging year that the Playgroup has ever experienced with the pandemic having a major operational and financial impact.

During March 2020, the majority of the staff was placed on furlough and fee income dropped completely. The decision to re-open in June was enabled only by extremely rigorous risk assessments and a complete re-imagining of all daily procedures. After the summer holiday our numbers built up again very slowly, although the effects on income would be felt into 2021. Financially it was a difficult year. We benefitted from furlough payments and some continuing support from Islington Council, but we were also very fortunate to have built up strong reserves. The continuing rise in numbers into 2021 has been extremely positive.

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We are very grateful to the whole playgroup staff team and the management committee for their efforts during the pandemic. Particular thanks are due to our experienced manager Josie Edwards in her last year before her retirement in 2021.

Financial Review

We are grateful for God’s generosity and the continuing faithful giving of church members.

Total income into PCC unrestricted funds in 2020 was £251,904 (£343,384) of which £161,281 (£246,171) was from giving. About 90% of this amount was in the form of unrestricted voluntary donations and 10% from restricted voluntary donations, largely for the construction of the community centre. A Stewardship Campaign was run in the last quarter of 2020 and first quarter of 2021 which exceeded its target of raising £30,000 before gift aid. Thanks to this generosity it has been possible to fund a youth worker for a further year.

We are grateful to Cloudesley for £65,821 to cover specific building work and to the National Lottery Heritage Fund for a £45,000 emergency grant to cover current expenditure in the latter part of the year which allowed us to offset the sharp drop in room hire revenue due to the pandemic.

Expenditure was £332,593 (£257,268) of which £98,916 (£86,982) is accounted for by ministry costs, and net income in the year was -£80,688 (£86,115). This amount includes £82,589 of expenditure in relation to the new building project. Including the restricted building funds and the Endowment Fund, (see Notes 20 and 21), income in 2020 was £326,592 (£443,642) expenditure was £361,599 (£369,617) and the surplus in the year was –£35,008 (£74,025).

Reserves Policy

The activities of the church are classed as “continuing” and therefore require sufficient reserves to enable the church to continue to carry out its activities, even if there were to be a substantial reduction in income.

It is PCC policy to maintain sufficient “unrestricted” reserves to enable the church to continue to operate for the next two years, even if ongoing income were to fall by as much as 10% each year. The impact of this potential reduction is currently estimated as £44,402. Excluding the Community Centre Fund we have total unrestricted reserves of £69,819 of which £39,206 is the PCC general fund and £27,399 is designated for youth work. We therefore remain within the requirements of our reserves policy.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. At Christ Church Highbury the membership of the PPC consists of the Incumbent, churchwardens, and members elected by those of the congregation on the electoral roll of the church. All who attend our services are encouraged to register on the electoral roll.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members are encouraged to attend Diocesan training for new PCC members.

The full PCC met seven times. Nine members had a full attendance record during the year. The Standing Committee consists of the Incumbent, churchwardens, Treasurer and Secretary. This meets

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at least six times a year, and more often if needed, to make decisions on operational matters and to plan the agenda for the PCC. It can make decisions including by email as delegated by the PCC between meetings. Given its wide responsibilities the PCC has several committees each dealing with a particular aspect of parish life. These committees include:

All committees are responsible to the PCC and report back to it regularly and discussed as necessary.

The PCC continues to comply 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).

Administrative information

Christ Church Highbury is situated at 155 Highbury Grove, London N5 1SA. It is part of the Stepney Area of the Diocese of London and within the Deanery of Islington of the Church of England. The correspondence address is Parish Office, The Vicarage basement, 155 Highbury Grove, London N5 1SA. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a registered charity with the Charity Commission (1135420).

PCC members who have served at any time from 1[st] January 2020 until the date this report was approved are:

Ex officio members

Incumbent: The Revd. Andy Chrich (Chair) SSM: The Revd. Tania Witter Curate: The Revd. Rebecca Rimmer (from September 2020) Churchwardens: Anna Dixon, John Edwards (to October 2020); Verity Baldry, Tom Crease (from October 2020)

Co-opted members

Jocelyn Hillman (2020)

Elected members

Teresa Dodgson (Secretary) (2019) Simon Mason (2014) Andre Bernal (2018) (until October 2020) Stewart Armer (Treasurer) (2018) Rebecca Scharf ( 2019 ) Janet Gilbert (2017) Michelle Paton (2017) John Jarvis (2016) Rosie Strachan (2018) (until October 2020) Sue Stevens (re-elected 2017) Tom Crease (2015) Verity Baldry (2015)

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Anna Dixon (2020) John Gilbert (2020) Scott Erwin (2020

Representatives on Deanery Synod

Adrian Arthur (2014) Jackie Mair (re-elected 2017) Gwilym Newnham (2020)

Other positions not members of PCC

Children and Youth Work Leader: Lydia Young Children’s leaders: Emma McNeely and Rebecca Scharf Safeguarding Officer: Simon Mason Pastoral Assistants: Ruth Barrett and Dawn Bramble Administrator: Juliette Soanes Music Director: Rachel Maby (until February 2020) Organist: James Buckham Electoral Roll Secretary: Ann Wilsdon

Approved by the PCC on 10th May 2021 and signed on their behalf by the Reverend Andy Chrich (PCC Chair).

Verity Baldry, Tom Crease Churchwardens on behalf of the PCC 10th May 2021

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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the trustees on my examination of the accounts of Christ Church Highbury with St. John and St. Saviour for the year ended 31st December 2020. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act"). Responsibilties and basis of report I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlner's statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a fellow member of the Association of Independent Examiners. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 Signed Name J ￿￿e¥￿ilh FCIE Date: 171hMay2021 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex P018 8NF io

3. INTRODUCTION TO THE FINANCIAL STATEMENTS

The Parochial Church Council is responsible for managing and accounting for all of the church’s assets, including restricted funds.

These financial statements show the income and expenditure account and the balance sheet for all the PCC’s unrestricted fund, for the restricted building funds and for the Christ Church Endowment Fund, which is also a restricted fund (see Note 2).

The statement of financial activities is presented in six columns.

The first column shows income and expenditure for all of the PCC’s unrestricted funds, other than the Playgroup Fund. Although these funds are all unrestricted, various sums of money have been set aside in specific designated funds (see balance sheet and Notes 19 & 20). Funds received from Cloudesley for specific building works as well as funds received for the Spire repair project (mainly from the Heritage Lottery Fund) have been placed in restricted building funds, the former in the Cloudesley fund and the latter in the Spire/HH Project fund, which are shown in the second and third column respectively.

The fourth column shows the income and expenditure for the Christ Church Playgroup. The playgroup is managed by a sub-committee of the PCC. The detail is shown in Appendix 3.

The fifth column shows the income and expenditure for the Christ Church Endowment Fund, which is a restricted fund. There are strict limitations, imposed by the Charity Commission, on the use of the assets of this fund (see Note 3).

The sixth column shows the consolidated income and expenditure account for all PCC funds.

The balance sheet is also presented in six columns.

The first column sets out the assets of the PCC’s unrestricted funds, excluding the Playgroup Fund (see above). The second and third columns set out the assets for the restricted building funds as above. The fourth column shows assets of the Christ Church Playgroup Fund (see above). The fifth column sets out the balance sheet of the Christ Church Endowment Fund (see above). The sixth column shows a consolidated balance sheet for all PCC funds.

Note that there may be minor discrepancies in the totals throughout the following pages if the pence are not being shown.

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4. Statement of Financial Activities

4. Statement of Financial Activities
2020 2020 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019
Unrest. Restr. Restr. Restr. Restr. Unrest. Restr. Restr. Restr. Restr.
PCC Highbury Endow- Consolid- PCC Highbury Endow- Consolid-
Notes: Funds Cloudesley Heritage Playgroup ment Fund ated Funds Cloudesley Heritage Playgroup ment Fund ated
£ £ £ £ £ £ £ £ £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3/4 206,281 65,821 0 272,102 246,171 90,234 23 336,427
Church activities 5 785 785 10,226 10,226
Other trading activitives 6 26,004 26,004 43,915 43,915
Investments 7 775 0 8,867 9,642 1,142 22 10,002 11,166
Other 8 18,059 0 18,059 41,930 0 41,930
Playgroup Income 16 92,967 92,967 118,544 118,544
Total 251,904 65,821 0 92,967 8,867 419,559 343,384 90,234 23 118,566 10,002 562,208
EXPENDITURE ON:
Raising funds 9 286 286 858 858
Church Activities 10/11 331,286 28,349 658 0 360,293 255,309 111,441 908 0 367,658
Governance Costs 11 1,020 1,020 1,101 1,101
Playgroup Expenditure 15 100,605 100,605 106,774 106,774
Total
NET INCOME/(EXPENDITURE)		 12 332,593
-80,688		 28,349
37,472		 658
-658		 100,605
-7,637		 0
8,867		 462,204
-42,645		 257,268
86,115		 111,441
-21,207		 908
-886		 106,774
11,792		 0
10,002		 476,391
85,817
Transfers between funds
Transfer of dividend income 2 8,867 -8,867 10,002 -10,002
Transfer of PCC Funds to Spire Project Funds 19 0 0
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gians/(losses) on investment assets 16/20 -309 2,328 2,019 13,488 45,432 58,920
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total funds brought forward:
Adjustment to opening funds
Total funds carried forward:		 19/20 -72,130
447,634
375,504		 37,472
4,265
41,737		 -658
6,209
5,551		 -7,637
28,856
21,219		 2,328
620,322
622,650		 -40,626
1,107,286
1,066,660		 109,605
338,029
447,634		 -21,207
25,472
4,265		 -886
7,095
6,209		 11,792
17,064
28,856		 45,432
574,890
620,322		 144,737
962,550
1,107,287

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5. Balance Sheet
2020 2020 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019
Unrest. Restr. Restr. Restr. Restr. Unrest. Restr. Restr. Restr. Restr.
PCC Highbury Endowment Conso- PCC Highbury Endowment Conso-
Notes: Funds Cloudesley Heritage Playgroup Fund lidated Funds Cloudesley Heritage Playgroup Fund lidated
£ £ £ £ £ £ £ £ £ £ £ £
Fixed Assets
Tangible Fixed Assets 14 0 0 658 658
Investments:
COIF Accumulation Units 20 0 0 76,594 76,594
Current assets:
Barclays current account 1 12,208 12,208 5,933 4,265 6,209 16,407
Barclays current account 2 10,303 10,303 74,529 74,529
Barclays Business Reserve account 335,142 41,737 5,551 382,430 90,001 90,001
Credit Union Account 1,002 1,002 1,002 1,002
CBF Deposit Fund (REDFND) 22,955 22,955 22,858 22,858
CBF Deposit Fund (ENDFND) 1,084 1,084 1,080 1,080
Virgin 0 0 89,141 89,141
CAF 0 0 85,077 85,077
Cash 34 34 34 34
Total: 382,728 41,737 5,551 0 0 430,016 369,655 4,265 6,209 0 0 380,129
Playgroup current account 3,745 3,745 11,524 11,524
Playgroup investment account 20,226 20,226 20,210 20,210
Playgroup petty cash account 359 431
Cash in hand 51 51 75 75
Total: 15 24,381 24,381 32,240 32,240
COIF Income shares 213,763 213,763 264,321 264,321
M & G Charifund Income Units 33,888 33,888 41,001 41,001
CBF Deposit Fund 60,000 60,000
7 Lyndon Court 315,000 315,000 315,000 315,000
Total: 16 622,651 622,651 620,322 620,322
Debtors (amounts owed): 17 13,598 532 0 14,130 20,925 375 0 21,300
Creditors (falling due within one year): 18 -20,823 -3,694 0 -24,517 -20,198 -3,759 0 -23,957
Net current assets: 375,503 41,737 5,551 21,218 622,651 1,066,660 370,382 4,265 6,209 28,856 620,322 1,030,034
Liabilities (falling due longer term): 0 0 0 0 0 0 0 0
TOTAL ASSETS LESS CURRENT LIABILITIES 375,503 41,737 5,551 21,218 622,651 1,066,660 447,634 4,265 6,209 28,856 620,322 1,107,286

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2020 2020 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019
Unrest. Restr. Restr. Restr. Restr. Unrest. Restr. Restr. Restr. Restr.
PCC Highbury Endowment Conso- PCC Highbury Endowment Conso-
Funds Cloudesley Heritage Playgroup Fund lidated Funds Cloudesley Heritage Playgroup Fund lidated
£ £ £ £ £ £ £ £ £ £ £ £
Capital and reserves:
PCC General Fund 39,206 39,206 110,714 110,714
Piano / Organ 1,214 1,214 3,629 3,629
Community Centre 305,685 305,685 82,547 82,547
Cloudesley 41,737 41,737 4,265 4,265
Highbury Heritage 5,551 5,551 6,209 6,209
Playgroup Fund 21,218 21,218 28,856 28,856
Special Projects Fund 0 0 76,594 76,594
Legacy 0 0 146,867 146,867
Endowment Fund (restricted capital) 622,650 622,650 620,322 620,322
Youth Worker 27,399 27,399 25,182 25,182
Night Shelter 0 0 101 101
Vicarage Renovation 2,000 2,000 2,000 2,000
Total: 375,504 41,737 5,551 21,218 622,650 1,066,660 447,634 4,265 6,209 28,856 620,322 1,107,286

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6. CASH FLOW STATEMENT

Cash used in operating activities
Cash used from investing activities
Purchase of fixed assets
Proceeds from sale/closure of investments
Dividends from investments
Purchase of investments
Cash provided by (used in) investing activities
Cash flows from financing activities
Repayment of borrowing
Cash used in financing activities
Increase/(decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the start of the year
TOTAL cash and cash equivalents at the end of the year
(a) Reconciliation of net movement in funds to net cash flow from operating activities
Net movement in funds
Add back depreciation charge
Add back dividends from investments
Capital gain on revaluation of investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors		 2020
2019
Note
£
£
-43,124
77,225(a)
0
0
221,362
0
8,868
10,002
-60,000
0
170,230
10,002
-
-
-
-
127,106
87,227
327,292
240,065
454,398
327,292(b)
2020
2019
£
£
-40,626
144,737
658
658
-8,867
-10,002
-2,019
-58,920
-
-
7,170
391
560
361
-43,124
77,225
2020
2019
£
£
454,397
327,292
454,397
327,292
Net cash used in operating activities
(b) Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents

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These financial statements were approved by the members of the Parochial Church Council on 10[th] May 2021 and are signed on their behalf by:

Andy Chrich (Vicar)

Stewart Armer (PCC Treasurer)

The following notes (but not the appendices) of this document form part of these financial statements.

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7. NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

The following policies are followed:

Recognition of Income

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless

Grants and Donations

Grants and donations are only included in the SOFA when the general income

Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Donated Services and Facilities

Donated services and facilities are included in the SOFA when received at the value

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

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Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report.

Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount

Governance and Support Costs

Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.

Redundancy cost

Deferred income

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Fixed Assets

Individual capital items costing under £1,000 are written off in the year that they are purchased. Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful lives.

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2. ENDOWMENT FUND

The Christ Church Endowment Fund was established in April 1986, following the sale of the church hall and cottage in Leigh Road. The LDF was appointed Custodian Trustees of the Endowment Fund and the PCC Managing Trustees. The initial value of the fund was £287,588 (sale price of £290,000 less legal fees).

The capital of the fund is held in permanent endowment and cannot be spent, other than for the purchase of property. However, the income from the fund is not similarly restricted and can be used for the local mission of the church. Income from the Endowment Fund is therefore transferred into the PCC General Fund each year. Dividend income from the various investments in the Endowment Fund is shown in the Statement of Financial Activities on page 11 as being transferred into the PCC General Fund. Note 16 provides more detail.

3. DONATIONS AND LEGACIES

This represents money given by individuals to the church as follows:

2020 2019
£ £
Tax-efficient planned regular giving (net) 95,725 102,473
Non Tax-efficient planned regular giving (net) 0 3,766
CAF or payroll giving (gross) 7,398 1,858
Virgin giving (net) 1,738 1,109
Legacies 0 500
One-off donations (net) 35,498 73,715
Collections 1,249 7,955
Income tax refund (Gift Aid) 19,672 54,818
Total 161,281 246,193

A more detailed breakdown of these donations is set out in Appendices 1 and 2.

4. GRANTS AND SPONSORSHIP

£65,821 was received from Cloudesley during 2020 (see Notes 20b)i)).

£45,000 was received from the National Lottery Heritage Fund to meet certain agreed running costs under their Heritage Emergency Fund programme. £43,775 was spent in 2020 and the remainder was spent in January 2021.

5. CHURCH ACTIVITIES

Income from church activities is as follows:

2020 2019
£ £
Parochial fees for banns, weddings and funerals 685 827
Photocopier use 0 0
Parish Weekend Away payments 0 9,303
Contributions by participants towards adult education 100 91
Donations for coffee/church meals 0 5
Total 785 10,226

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6. OTHER TRADING ACTIVITIES

Apart from income from donations and giving, and from grants and investments, most of the remaining income to the PCC General Fund comes from hiring out the various church rooms and fundraising. A summary of other income is given in the following table, with further details provided in Appendix 1.

2020 2019
£ £
Hire of church rooms 25,980 43,775
Sales from bookstall 24 123
Sales of parish Christmas cards 0 0
Other fundraising 0 17
Total 26,004 43,915

7. INVESTMENT INCOME

a) PCC General Funds

Investment income for the PCC General Fund consists of interest on the various

bank accounts and deposit fund accounts held by the PCC. These are as follows:

2020 2019
£ £
Bank interest (Barclays) 307 188
CBF deposit fund (REDFND) 351 186
CBF deposit fund (ENDFND) 97 8
Virgin 5 547
CAF 15 212
Total 775 1,141

b) Playgroup Fund

2020 2019
£ £
Bank Interest 0 22

c) Endowment Fund

Investment income for the Endowment Fund consists of interest and dividends payable as follows:

2020 2019
£ £
Dividends on COIF shares 7,124 7,953
Dividends on Charifund shares 1,654 2,049
Total 8,778 10,002

The dividend income from the investments in the Endowment Fund is transferred in full to the PCC General Fund each year (see Note 3).

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**8. ** OTHER INCOME
Other income is as follows:
2020 2019
£ £
VAT reclaim from LPWS 7,542 31,051
Other 674 2,124
Rental Income 9,844 8,755
Total 18,034 41,930
**9. ** EXPENDITURE ON RAISING FUNDS
Expenditure on raising funds is as follows:
2020 2019
£ £
Costs of Fundraising 286 858
Total 286 858
**10. ** MINISTRY COSTS
Ministry costs are as follows:
2020 2019
£ £
Common Fund contribution 89,300 86,781
Parochial fees disbursed to Diocese 0 201
Vicar’s expenses 97 0
Curate’s expenses 0 0
Curate’s accommodation 9,519 0
Total 98,916 86,982
11. OTHER EXPENDITURE
A summary of expenditure incurred by the PCC is set out below.
A more detailed analysis is provided in Appendix 1.
2020 2019
£ £
Repairs/maintenance/utilities (vicarage) 261 547
Repairs/maintenance/utilities (7 Lyndon Court) 1,334 2,650
Repairs/maintenance of church & garden 50,116 145,853
Parish Centre 82,589 7,710
Piano and organ tuning and maintenance 941 887
Piano and Organ major repairs 2,950 1,270
Sound system 17,941 1,893
Fire Alarms 0 0
Service upkeep & flowers 1,866 2,123
Utilities (church) 5,983 6,283
Insurance 6,339 6,330
Cleaner’s wages 1,497 4,581
Caretaker 1,664 1,680
Utilities (basement) 1,015 1,276
Posters/publicity/Christmas Cards 637 1,460
Salaries paid to Music Director and freelance musicians 10,064 12,916

21

Costs of hosting Youth Worker 29,971 12,313
Parish Weekend Away 0 9,762
Adult education & training & Pilgrimage 411 326
Children’s/Youth work 247 871
Nightshelter 1,144 1,239
Highbury Heritage 0 250
Other Outreach 0 0
Administration costs 24,836 28,490
Independent examiner’s fees 1,020 1,101
Bank charges 273 489
Grants & donations 13,161 19,145
PCC awayday 0 0
Other expenses 5,479 9,673
Depreciation 658 658
Total 262,397 281,777
2. NET INCOME
Net income is stated after charging:
2020 2019
£ £
Ministry costs as specified in Note 10 above 98,916 86,982
Other expenses as specified in Note 11 above 262,397 281,777
(includes independent examiner’s fees)

12. NET INCOME

13. TAXATION ON SURPLUS ON ORDINARY ACTIVITIES

As a charity, the church is not liable to UK tax on its income.

14. TANGIBLE FIXED ASSETS

Touch Screen TOTAL
COST
At 1st January 2020 2,634 2,634
Additions 0 0
At 31st December 2020 2,634 2,634
DEPRECIATION
B/Fwd At 1st January 2020 1,975 1,975
Provided in the year 658 658
At 31st December 2020 2,633 2,633
NET BOOK VALUE
At 1st January 2020 659 659
At 31st December 2020 0 0

15. PLAYGROUP FUNDS

The detailed income and expenditure account is shown in Appendix 3.

22

16. ENDOWMENT FUND ASSETS

23

that these units were worth more than the total debt despite there being a further five years of repayments to make. Therefore, an application was made to the Charity Commission to enable the PCC to repay the loans from this capital which was approved. As at 31st December 2008, the loan was fully discharged and 368 COIF accumulation units were transferred back to the PCC which represents the excess of units invested over the amounts required to discharge the loans. These units are available for the PCC to spend or invest for the long-term benefit of the parish. This holding has historically been disclosed in the accounts as the Special Projects Fund at the book value of £20,296. The units were liquidated in February 2020 generating proceeds of £76,285 which was transferred into the Community Centre Fund.

CHRIST CHURCH ENDOWMENT FUND:

----- Start of picture text -----
2020 2019
Book Market Book Market
Asset
Units value value Units value value
£ £ £ £
COIF Income Units 11,868.20 88,789 213,763 15,648.99 117,073 264,321
M & G Charifund Income Units 2,468.91 23,575 33,888 2,468.91 23,575 41,001
CBF Deposit Fund 60,000 60,000
7 Lyndon Court 1 315,000 315,000 1 315,000 315,000
Total assets: 487,364 622,650 455,649 620,322
----- End of picture text -----

17. DEBTORS

PCC General and Building Funds

2020 2019
£ £
Gift Aid to be Claimed 7,070 16,199
VAT reclaim from Listed Places of Work Scheme 6,528 4,619
Advance payment of Mission Partner Donation 0 107
Total 13,598 20,924

18. CREDITORS: Amounts falling due within one year

PCC General and Building Funds

2020 2019
£ £
Balance due to charities 12,210 15,503
Other donations to charities 2,000 1,000
Independent examiner’s fees 1,020 1,067
Utilities 2,628 2,628
NI and Pension Contributions 2,966 0
Total 20,823 20,198

24

19. RECONCILIATION OF TRANSFERS BETWEEN PCC FUNDS (unrestricted and restricted building funds)

Since 2014 grants and donations received for specific building works are placed in restricted funds (“Restricted Building Funds”). These funds comprise the grants received from Cloudesley for specific expenditure related to maintaining the church building (transferred from an unrestricted but designated fund in 2013) and a grant received from the Heritage Lottery Fund for the Highbury Heritage Spire Repairs Project (see Note 20). The table below shows the movements in funds.

----- Start of picture text -----
2020 2019
Investment Investment
Closing Surplus/ Opening Closing Surplus/ Opening
Gains Transfers Gains Transfers
funds (deficit) funds funds (deficit) funds
/(Losses) /(Losses)
£ £ £ £ £ £ £ £ £
PCC General Fund 39,206 -84,899 13,391 110,714 110,714 -42,810 17,038 136,486
Piano / Organ 1,214 -2,415 3,629 3,629 2,629 1,000
Community Centre 305,685 -309 288,461 -65,014 82,547 82,547 82,547 0
Special Projects Fund -76,594 76,594 76,594 13,488 42,810 20,296
WB Legacy -146,867 146,867 146,867 -7,710 154,577
Youth Worker 27,399 20,000 -17,783 25,182 25,182 512 24,670
Night Shelter 0 -101 101 101 101 0
Vicarage Renovation 2,000 2,000 2,000 1,000 1,000
Other
Total unrestricted funds 375,504 -309 0 -71,821 447,634 447,634 376 0 96,117 320,018
Cloudesley 41,737 37,472 4,265 4,265 3,893 21,579
Highbury Heritage 5,551 -658 6,209 6,209 -7,728 14,823
Total restricted funds 47,288 0 0 36,814 10,474 10,474 0 0 -3,835 36,402
Total funds carried forward 422,792 -309 0 -35,007 458,108 458,108 376 0 92,282 356,420
----- End of picture text -----

20. RESERVES

a) PCC General Fund

i) Piano/Organ Fund

This fund was set up to initially fund renovation of the grand piano in the church and with the longer term aim of raising the significant sums needed to restore the organ. The fund has historically received significant donations from individuals as well as the proceeds from the Highbury Festival and other musical events.

In 2020 £535 was raised and £2,950 was spent on work on the grand piano in the church leaving £1,214 at the 31[st] December 2020.

ii) Community Centre Fund

This fund was set up to receive the proceeds of the Heart of Highbury campaign for the construction of a Community Centre adjacent to the church. The WB Legacy and the Special Projects Fund have been injected into the Community Centre Fund in preparation for the building project. In 2020 £17,649 was raised and £82,589 was spent primarily upon architectural and specialist consultant fees as well as site preparation. The closing balance of the Community Centre Fund was £305,685.

25

iii) Children/Youth Worker Fund

Beginning in 2014 a reserve has been built up to finance the employment of a youth worker both through the generosity of individual members of the congregation as well as from transfers from the PCC general fund. A youth worker has been employed since August 2019. In 2020 £17,783 was spent by this fund on youth work. As a consequence of a successful stewardship fundraising campaign the PCC was able to transfer £20,000 from the PCC general fund to the Youth Worker fund leaving a year-end balance of £27,399.

iv) WB Legacy Fund

A legacy received in 2013 was placed in the WB Legacy Fund, which has been set aside by the PCC for a building project. Further funds in the amount of £8,751 were donated from the William Basset Estate in 2015. In 2016 there was expenditure related to planning for a new Church Centre totalling £13,159 and a transfer to the Spire Project of £25,000 of which £10,000 was the church’s contribution to the project and £15,000 was a loan to be repaid at the end of the project. In 2017 a further £12,543 was spent on planning for a new Community Centre and the £15,000 loan was repaid. A final sum of £236 was received from the William Basset Estate in 2017. In 2019 £7,710 of architects and consultancy fees for the Community Centre project were charged to the fund. The fund balance at 31st Dec 2019 was £146,867. This amount was injected into the Community Centre Fund leaving a 2020 year-end balance of zero.

v) Special Projects Fund

As explained in Note 17, £20,296 of the capital in the Endowment Fund was released into the PCC General Fund during 2008. This money was set aside until the PCC decides on a capital project on which they wish to spend it. The money was invested in COIF Accumulation units. In the course of 2019 the PCC took the decision to use this fund as part of the financing arrangements for the Community Centre project. Pursuant to this decision the £42,810 historic capital gain on the COIF Accumulation units, which had been held in the General Fund, has been transferred into the Special Projects Fund and the £13,488 gain made in 2019 has been retained in the fund. The investment in COIF Accumulation units had a market value of £76,594 at 31st December 2019. The units were liquidated in the latter part of February 2020 generating proceeds of £76,285 which was subsequently transferred to the Community Centre Fund leaving a 2020 year-end balance of zero.

vi) Night Shelter

The church regularly receives donations to contribute towards the operation of a Night Shelter in the church by CARIS during the period January to March. These donations are normally spent during the year they are received with any surplus retained for the following year. In 2019 £1,340 of donations were received and after £1,239 of expenditure £101 was retained in the fund at year end. In 2020 night shelter expenses exceeded donations and the £101 was spent leaving a 2020 year-end balance of zero.

vii) Vicarage Renovation Fund

As from 2018 the PCC puts aside £1,000 pa for the renovation/redecoration of the interior of the vicarage. In 2020 the PCC decided to temporarily suspend payments into this fund. The closing balance of the Vicarage fund was £2,000.

26

b) Restricted Building Funds

i) Cloudesley

The opening funds of £4,265 were dedicated for specific building projects. During 2020, an additional £65,821 was granted by Cloudesley towards further building projects. £28,349 of the fund has been spent as intended, leaving £41,737 in the reserve carried forward.

ii) Highbury Heritage Project

Following receipt of a report on the condition of the spire in early 2014, a successful application was made in August to the Heritage Lottery Fund (HLF) Grants for Places of Worship Scheme, for a project costing £357,717. In December 2014, HLF awarded a grant of £21,900 for the development stage, 49% of the total cost of development work. The work was completed in 2015 below estimated costs and £5,566 could be returned to HLF.

In December 2015, the Heritage Lottery Fund awarded the church a grant of £206,000 towards the total costs of £312,000 for the spire repairs project. To meet the conditions of the HLF grant, the project was required to include works that help the heritage to be more widely understood and Christ Church was required to provide partnership funding of volunteer time and contributions in kind. Christ Church was also responsible for payment of VAT and for reclaiming eligible VAT amounts through the Listed Places of Worship Scheme. The project has been supported by donations and fundraising and the church allocated £25,000 of its funds to the project to cover any potential shortfalls. The project was substantially completed in 2017 and the church built up funds of £45,334 to cover the expenses of the project. At the end of 2017 the Spire/HH fund was able to return £15,000 to the Legacy fund which had been used to facilitate the project in its earlier stages. During the course of 2020 £658 was charged for depreciation on the touch screen. There remains £5,551 in the fund to cover the maintenance/development of the heritage audio-visual materials.

21. ANALYSIS OF STAFF COSTS AND STAFF NUMBERS

No employees had emoluments in excess of £60,000 (2019: 1).

The PCC retains NEST as a pension provider and one employee is enrolled with them. Pension costs totalled £684 during the year (2019: £400). The average monthly headcount was 2.0 (2019: 1.3).

At the end of 2020 one employee was employed in activities furthering the charity objects and one employee was employed in an administration role

2020
£
Gross Pay 47,731
ER NI 4,409
Less allowance -4,061
ER Pension 684
Total 48,763

The charity also has service contracts with two self-employed contractors (Music Director and Organist) who invoice the charity for their professional services and are responsible for their own reporting of Tax and NI to HMRC. The total amounts paid during the year were £7,734 (2019: £8,754).

27

The Key Management Personnel are considered to be the Trustees and “Other positions not members of PCC” referred to in the Trustees Report. No remuneration or benefit was paid to Key Management Personnel during the year other than those disclosed in note 22.

22. RELATED PARTIES

In the period the charity has paid trustees remuneration and benefits as follows:

Name of Trustee Value
None £0.00

In the period the charity has paid trustees expenses as follows:

2019 2018
Number of Trustees paid expenses: 0 0
Total amount paid: £0.00 £0.00

23. RISK ASSESSMENT

The PCC actively reviews the major risks which the church faces and believes that maintaining the levels of reserves stated in the previous note, together with an annual review of controls over key financial systems will provide sufficient resources in the event of adverse conditions. The PCC has also examined other operational and business risks which it faces and confirms that it has established systems to mitigate the significant risks.

8. RELATED CHARITIES: THE ST. JOHN’S MISSION HALL TRUSTS – REGISTERED CHARITY NO. 280116

St. John’s Mission Hall, situated in Conewood Street in the parish of St. John’s, was left in trust by two spinster sisters, the Misses Quick. A trust deed was drawn up on 17 May 1934, appointing four named individuals – William Rampley, Charles Barber, Arthur Downton and Joseph Johnson - as Trustees. The trust deed declared that any building or buildings erected on the site should be held upon trust to permit the same to be used in perpetuity for the usual purposes of a mission hall or parish room, for the furtherance of any religious, educational or social work carried on in connection with the church of St. John, Highbury Vale or in connection with the spiritual organisation of the said parish of St. John. The property was to be managed by the Vicar and Churchwardens of St. John’s. The trust deed contained an express power of sale, with any money arising from such sale being applied towards the purchase or acquisition of any other premises or the improvement of any premises used or intended to be used for the purposes of the trusts thereby constituted.

Some further land in Conewood Street, which now forms part of the site of St. John’s Highbury Vale C of E Primary School, was also left in trust. This land is the subject of a Declaration of Trust dated 4[th] December 1945 made by C. N. Daintree, J.W. Herbert, E. W. Cooper and A. F. Jarvis, in which it was declared that the Trustees (i.e. those named above) would stand possessed of the land to be used as a playground in connection with St. John’s Highbury Vale School situate in Conewood Street and the church of St. John, Highbury Vale and in furtherance of any charitable

28

purpose in connection with the said school and church. The declaration of trust further provides that in the event of St. John’s School being closed or taken over by any public or local authority and all connection between the school and the church ceasing, the Trustees have the power to use or allow the land to be used for the purposes of St. John’s Highbury Vale church or in any other way within the trusts declared.

St. John’s Church was made redundant in 1978 and the parish incorporated into the parish of Christ Church. By this time, most or all of the original Trustees both of the Mission Hall Trust and of the Playground Trust had died and an application was made to the Charity Commission by the then Vicar and Churchwardens of Christ Church to appoint new Trustees. In 1979, four new Trustees were appointed – Winnie Cooper, John Dove, Richard Edmunds and Tom Peryer. They were appointed Trustees of both the Mission Hall and the Playground Trusts. The management of the hall passed to the Vicar and Churchwardens of Christ Church.

In the early 1980s, the PCC of Christ Church decided to sell St. John’s Mission Hall and it was duly sold to an evangelical church. The proceeds of the sale were split between Christ Church and St. Thomas’s, Finsbury Park, as directed by the Charity Commission Scheme 280116 A/1. It is assumed that Christ Church’s share of the proceeds was put towards the renovation of Christ Church and the extensive alterations which were carried out in the 1980s, in accordance with the terms of the trust.

At some point, the St. John’s Mission Hall Trust was registered as a charity and given the charity number 280116. In 2005, the PCC applied to the Charity Commission for permission to appoint the Parochial Church Council of Christ Church Highbury as Trustee of the charity, replacing the four named Trustees appointed in 1979. This permission was granted and a sealed order made appointing the Parochial Church Council of Christ Church Highbury as Trustee of the St. John’s Mission Hall Charity dated 17[th] October 2005.

Since the hall had long been sold, the only remaining asset of the charity is the covenant held over the land now constituting part of the playground of St. John’s Highbury Vale C of E Primary School. As long as the school remains in operation and the connection between the school and church maintained, this “asset” has no realisable value. The charity has no function, other than to hold the Trusteeship over this land, and has no income or expenditure.

29

APPENDICES

The following pages do not form part of the statutory financial statements which are the subject of the Independent Examiner’s report

30

APPENDIX I

Detailed income and expenditure account (unrestricted PCC fund and restricted building funds)

----- Start of picture text -----
2020 2019
£ £
Income:
Planned giving (standing orders) - with Gift Aid 95,345.64 99,473.37
Planned giving (envelopes) - with Gift Aid 316.00 1,366.00
Planned Giving Cheques - with Gift Aid 0.00 1,200.00
Planned Giving Cheques - no Gift Aid 0.00 1,870.00
Planned giving (standing orders) - no Gift Aid 0.00 1,896.00
Planned giving (envelopes) - no Gift Aid 0.00 0.00
Planned giving (CAF/ Give As You Earn) 7,398.08 1,858.08
Planned giving (Virgin - net of tax) 40.00 0.00
Subtotal - planned giving 103,099.72 107,663.45
Church collections 1,248.77 7,274.24
Special collections 0.00 680.29
Green Gift Aid pew envelopes 63.70 433.17
Legacies 0.00 500.00
One-off non-specific donations - with Gift Aid 20,705.00 1,047.60
One-off non-specific donations - no Gift Aid 0.00 0.00
One-off non-specific donations - by CAF 0.00 0.00
One-off non-specific donations - Virgin Money 1,698.31 1,109.24
One-off donation to Highbury Heritage 0.00 22.50
0.00 0.00
0.00 0.00
0.00 0.00
Children & Youth worker's donation with gift aid 0.00 512.00
Children & Youth worker's donation with no gift aid 0.00 0.00
Children's Worker donation by CAF 0.00 0.00
Night Shelter Donations 175.00 1,340.00
Piano Donations 429.31 3,837.06
Organ Fund 0.00 0.00
Community Centre Fund 14,188.72 66,840.39
Donations to be given to other charities 0.00
One Off No Gift Aid - flowers 0.00 115.00
Income tax refund 19,672.21 54,818.32
Subtotal - giving including tax reclaim 58,181.02 138,529.81
Parochial fees 685.00 827.00
Donation from Cloudesley 65,820.70 90,234.00
HE Grant 45,000.00 0.00
Grant from Islington Council 0.00 0.00
Hire of rooms 25,980.00 43,775.00
Rental Income from Lyndon Court 9,843.68 8,754.84
Hire of car park 0.00 0.00
----- End of picture text -----

31

----- Start of picture text -----
Photocopier 0.00 0.00
Contributions towards Alpha meals, books and Away Day 0.00 91.34
Contributions towards cost of other adult education, including Faith
100.00 0.00
Track
Contributions towards Youth Club 0.00 0.00
Contributions to Parish Weekend Away 0.00 9,303.00
Donations for coffee/ church meals 0.00 5.00
Bookstall 24.00 123.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Other Fundraising 0.00 17.41
0.00 0.00
VAT reclaim from Listed places of work scheme 7,541.77 31,051.13
0.00 0.00
Insurance Claim 130.00 0.00
Miscellaneous income 543.91 2,123.61
Subtotal - other income - room hire donations etc. 155,669.06 186,305.33
Dividends on COIF shares 7,124.19 7,952.81
Dividends on Charifund shares 1,654.19 2,049.21
Interest on CBF Deposit Fund 1230011084D 88.76
Subtotal - income from Endowment Fund 8,867.14 10,002.02
Bank Interest 187.78
Interest on Legacy Accounts 366.16 759.07
Interest - CBF deposit fund (REDFND) 97.06 185.98
Interest - CBF deposit fund (ENDFND) 4.58 8.06
Subtotal - interest 774.94 1,140.89
Total income: 326,591.88 443,641.50
Expenditure:
Common Fund 89,300.00 86,781.00
Parochial fees disbursed to Diocese 0.00 201.00
Vicar's expenses 97.34 0.00
Curate's Salary 0.00 0.00
Curate's general Expenses 0.00 0.00
Curate's Accommodation 9,518.77 0.00
Curate's Council tax 0.00 0.00
Curate's moving expenses 0.00 0.00
MINISTRY COSTS 98,916.11 86,982.00
Vicarage - water rates 151.25 294.77
Vicarage Phone 109.79 252.00
Vicarage - redecoration/maintenance/repairs/furnishings 0.00 0.00
VICARAGE 261.04 546.77
----- End of picture text -----

32

----- Start of picture text -----
7 Lyndon Court - rent refund 0.00 0.00
7 Lyndon Court - Service charge/Agency fees 800.00 914.91
7 Lyndon Court - utilities (water) 0.00 316.91
7 Lyndon Court - council tax 533.97 1,234.43
7 Lyndon Court - redecoration & maintenance & other 0.00 183.70
Lyndon Court Legal Fees 0.00 0.00
7 Lyndon Court upkeep 1,333.97 2,649.95
Repairs & Maintenance, PCC Funded 16,493.34 33,581.76
Repairs & Maintenance, Cloudesley Funded 5,848.51 111,440.52
Major Building Works, PCC funded 4,500.00 0.00
Major Building Works Legacy funded 0.00 0.00
Major Building Works , Cloudesley funded 22,500.00 0.00
Parish Centre Project, PCC funded 0.00 0.00
Parish Centre Project, Legacy funded 82,589.20 7,709.56
Capital Items, PCC Funded 658.43
Capital Items, Legacy Funded 0.00
Capital Items, Cloudesley funded 0.00
Piano and organ tuning/ maintenance 941.34 887.35
Garden maintenance 773.88 830.83
Piano and Organ, major repairs 2,950.00 1,270.00
Utilities - Church 5,982.54 6,283.36
Sound System 17,941.22 1,892.62
Utilities - Basement 1,014.71 1,276.29
Fire Alarms 0.00 0.00
Insurance 6,338.57 6,329.95
Cleaning 1,496.91 4,581.40
Caretaker 1,664.00 1,680.00
CHURCH UPKEEP 171,692.65 177,763.64
Copyrights 185.40 85.00
Communion supplies/books/sundries 1,280.48 1,113.31
Bibles 0.00 0.00
Flowers 400.00 715.00
Meals 0.00 209.29
SERVICE UPKEEP 1,865.88 2,122.60
Organists' fees 920.00 1,240.00
Music Director's salary 6,946.62 9,834.29
Jazz Vespers Musicians 2,197.42 1,842.00
MUSIC 10,064.04 12,916.29
Administrator's salary incl. tax & NI 20,614.47 19,690.78
Payments to casual staff for office work 336.86 272.36
Purchase of new office equipment 0.00 0.00
Stationery/computer supplies 202.29 939.31
Photocopier 3,374.53 6,309.37
Office & Vicarage phone 111.82 1,209.88
Postage 196.24 68.32
Independent examiner's fees 1,020.00 1,101.08
----- End of picture text -----

33

----- Start of picture text -----
Bank Charges 272.90 489.21
ADMINISTRATION COSTS 26,129.11 30,080.31
Youth worker's course fees 0.00 0.00
Youth Worker's salary (inc. NI and Pension) 29,970.98 12,312.67
Youth worker's accommodation 0.00 0.00
Children's and youth work 247.05 871.03
Alpha meals/Awayday/expenses 37.92 158.17
Other adult education and training (Prayer Ministry, House groups etc) 373.22 167.58
Parish Weekend away 0.00 9,762.43
PCC Away Day 0.00 0.00
EDUCATION & YOUTH WORK 30,629.17 23,271.88
Parish Xmas cards/ newsletters 0.00 175.00
Posters/publicity 637.16 1,284.81
Night shelter 1,144.46 1,239.00
Outreach various - inc parenting course 0.00 250.00
OUTREACH 1,781.62 2,948.81
Donations to Mission partners (see Appendix 2) 12,109.70 17,145.40
St Johns School (see Appendix 2) 1,000.00 1,000.00
Other donations to charity (see Appendix 2) 50.89 999.96
DONATIONS 13,160.59 19,145.36
PRS licence 555.84 534.49
Cleaning materials/supplies for kitchen and toilets 1,286.12 5,876.28
Costs of Fundraising 286.32 858.45
Hospitality/gifts 0.00 834.35
Miscellaneous 3,637.07 2,427.62
Petty cash withdrawn from bank 0.00 0.00
MISCELLANEOUS 5,765.35 10,531.19
Total Expenditure 361,599.53 369,617.23
----- End of picture text -----

34

APPENDIX II

Donations to Charities

Given by church members in 2019:
£
Targeted donations:
Highbury Heritage
0
Night Shelter
175
Children’s / Youth Worker
20,000
Piano/Organ
429
Flowers
0
Community Centre
14,689
Donations for third party charities
0
Tax refund on targeted giving
6,461
Sub-total - targeted donations:
35,293
Giving to General Fund:
Non targeted one-off donations
2,403
Pew envelopes
64
Church collections
1,249
All planned giving
103,100
Tax refund on non-targeted giving
13,212
Sub-total - non targeted giving:
120,027
Total giving:
155,320
Amount due to charities in 2019:
10% of non targeted giving
12,003
Sub-total:
12,003
Accrued from 2019
CMS Jordan - for 2019
2,922
The Marylebone Project - for 2019
2,922
Mission to Seafarers - for 2019
2,922
Anglican Eye Clinic - for 2019
2,815
Send a Cow - for 2019
2,922
St. John's School - for 2019
1,000
Total amount accrued from 2018
15,503
2019 Amount due + 2018 Accrual
27,506
Amounts paid to charities in 2020:
CMS Jordan - for 2019
2,922
The Marylebone Project - for 2019
2,922
Mission to Seafarers - for 2019
2,922
Anglican Eye Clinic - for 2019
2,936
Send a Cow - for 2019
2,922
St. John's School - for 2019
0
Adjustment for advance payment
-107
Total paid:
14,517
Accrual carried forward at 31/12/20
12,989		 Due to be paid to:
CMS Jordan - for 2020
2,201
The Marylebone Project - for 2020
2,201
Mission to Seafarers - for 2020
2,201
Anglican Eye Clinic - for 2020
2,187
Send a Cow - for 2020
2,201
St. John's School - for 2019 & 2020
2,000
Total due:
12,989

35

APPENDIX III

CHRISTCHURCH PLAYGROUP Year ended 31 December 2020

CHRISTCHURCH PLAYGROUP Year ended 31 December 2019

2020 2019
£ £ £ £
Income Income
Fees 31,888 Fees 55,827
Islington Council 49,569 Income from Council 60,782
Government grants 11,330 Grants -
Other 147 Other 644
92,934 117,253
Fundraising Fundraising
Fundraising efforts 33 Fundraising efforts 1,291
33 1,291
Deposit account interest Deposit account interest 22
92,967 118,566
Expenditure Expenditure
Main Staff Costs 82,513 Main Staff Costs 79,280
Other Staff Costs 1,015 Other Staff Costs 2,635
Rent 6,197 Rent 12,409
Training 904 Training 354
Equipment 4,211 Equipment 4,470
Food 1,800 Food 4,669
Cleaning 750 Cleaning 750
Internet 716 Internet 782
Other Costs 2,495 Other Costs 1,425
Withdrawal Fees 3 Withdrawal Fees -
-
100,605 106,774
Profit/(loss) for period ( 7,637 ) Profit/(loss) for period 11,792
Current assets Current assets
Debtors 532 Debtors 375
Current account 3,745 Current account 11,524
Investment account 20,226 Investment account 20,210
Petty Cash Account 359 Petty Cash Account 431
Cash in Hand 51 Cash in hand 75
24,913 32,615
Current liabilities Current liabilities
Creditors ( 3,694 ) Creditors ( 3,759.00 )
Deferred income - Deferred income -
( 3,694 ) ( 3,759.00 )
Net current assets 21,218 Net current assets 28,856
Reserves Reserves
Profit and loss account b/f 28,856 Profit and loss account b/f 17,064
Profit/(loss) for the period ( 7,637 ) Profit/(loss) for the period 11,792
Profit and loss account c/f 21,219 Profit and loss account c/f 28,856

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