OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-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 2022

Supported by:

Charity Commission Registration No: 1135420

CONTENTS CONTENTS PAGE
1. Annual Report of the Parochial Church Council 3-9
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 30-31
Charity No. 280116

The following pages do not form part of the financial statements

Appendix I: Detailed income and expenditure account – unrestricted 33-36
PCC Funds and restricted building funds
Appendix II: Donations to charity 37
Appendix III: Playgroup Income and Expenditure account 38

2

1. ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL

Aims and purposes

The Christ Church Highbury Parochial Church Council (“PCC”) has the responsibility of cooperating with the incumbent Reverend Andy Chrich (the “Incumbent”), in promoting within the parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. The PCC has responsibility 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

2022 has been a year of rebuilding after the challenges posed by the COVID-19 global pandemic. The year saw the completion of the building project to construct the Christ Church Community Centre, which opened at a joyful event with the Mayor of Islington and the new Archdeacon of Hackney on Easter Day, April 17th 2022.

March saw us say goodbye to Juliette Soanes as our Church Administrator, and in April. Aric Vadevalloo began as our new Parish Manager.

We have continued to look to implement our 2019 Mission Action Plan. As our new context postpandemic becomes clearer we will be looking to develop a new Mission Action Plan in 2023.

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

During 2022:

3

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

In 2022 we:

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

In 2022 we:

4

Priorities for 2023:

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

In 2023 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 2023 we will:

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

In 2023 we will:

Deanery Synod

Islington Deanery Synod is the forum for representatives of the Anglican churches in the borough to discuss matters of mutual concern. Meetings are chaired by the Area Dean of Islington, Tamsin Merchant, Vicar of St Mary Hornsey Rise.

Three meetings take place each year, at different churches around the deanery. The locations for 2022 were Hope Church St David, Westbourne Road, in February, St Mark Clerkenwell, in June, and St Saviour, Hanley Road, in November.

The London Diocese Capital Vision 2020-2030 continued to be an important topic for consideration by the Synod during the year. Stepney Dean of Mission Andy Rider attended the February meeting to lead discussion of how churches in the deanery can work together over the next 10 years on four priorities - confident disciples, creative growth, compassionate communities, and connected young people.

5

Other issues discussed during the year included the environmental challenge for churches and the Cloudesley grant programme for Islington churches. Mohammed Kozbar, chairman of Finsbury Park Mosque, Colin Adams of Octopus Communities Network, and Alison Tsang from Diocese of London Compassionate Communities attended the November meeting for a discussion on how churches and other faith groups are responding to the current cost of living crisis.

Deanery Synod is also responsible for appointing Governors to church schools in Islington. This work continued.

Church Building

The beginning of 2022 saw the completion of the Community Centre and the opening of the forecourt. The new disability ramp, funded by Cloudesley is alongside the building. We successfully applied for two Cloudesley grants during the year. The first was for the upgrade of the kitchen and most of this work is now complete.

The second is for repairs to our organ: work on which has yet to start. We also received an emergency Cloudesley grant, enabling us to undertake emergency repairs to our boilers. We remain extremely grateful to Cloudesley for the support they give us to maintain and repair our building, both for today and for future generations.

Regular building maintenance was carried out during the course of the year, enabling us to complete all annual maintenance requirements. This includes electrical safety inspections, boiler servicing, fire alarm, inspection and other items. Structural movement monitoring of the Southeast corner was completed, with advice given to continue to monitor.

Many thanks to Simon Ward for the weekly programming of the boiler and to all those who helped maintain the building and enable works during the course of the year.

Community Centre

We were delighted to open the new Christ Church Community Centre on Easter Day. Many thanks to all who contributed their time, talents and money to the successful completion of this project. Thanks are due to Aric Vadevalloo for his work in seeking bookings to cover our hirings and charity priorities. The Community Centre now has the following charities attending: The People’s Army on Mondays, a Ukraine Support Group fortnightly on Monday evenings, Islington Centre for Refugees and Migrants on Tuesdays, Hillside Clubhouse NHS mental health charity on Friday and AA on Sunday evenings. Aric has also secured a number of fitness and music regular hirers and gets regular party bookings at the weekends.

With the help of Jack’s Vent Café, the Community Centre has become a vital focus for Highbury in terms of its interaction with local residents. Many thanks are due to Tania Witter, Verity Baldry, Stewart Armer and Michelle Paton for all their work to get this off the ground and to Matthew Lloyd and his team for designing such a beautiful space.

Playgroup

2022 was another challenging year as the playgroup built itself back up after the pandemic, having a major operational and financial impact.

6

We are grateful to Islington Council which provided additional financial support during the year when the number of children attending remained lower than optimal, which allowed the playgroup to remain fully operational.

Elsa Smirthwaite became the new manager just in time for the Nativity play in December 2021, so has been in charge for the whole of this year. We are very grateful to and welcome Isobel Boyt as the new Chair of Playgroup, taking over from Janet Gilbert who moved to Australia in August 2022. Isobel has worked tirelessly to recruit more parent involvement, including filling Matthew Protheroe’s post of Playgroup Treasurer with Lotte Morris, and Samantha Jones taking on role of Fundraiser.

By the end of 2022 the number of children was rising, with mostly 2 years olds (good for staying for potentially 2 years but they don’t get the 3+ funding) and we are optimistic for a full recovery going into 2022. After-hours provision is being planned.

We are very grateful to the whole playgroup staff team and the management committee for their support and efforts during another difficult year. Particular thanks are due to Janet Gilbert and her son Matthew for their years of work for the Playgroup. We look forward to a busy and positive 2023.

Winter Night Shelter

It is with some sadness that we note that the Churches Winter Night Shelter of which Christ Church was a founder member is no longer operating in Islington.

When the country went into lockdown at the start of the pandemic in 2020, the Night Shelter was asked to close, and Islington Borough Council undertook to find alternative accommodation for all the Winter Night Shelter guests. Having discovered that it was possible to do this, the Council have subsequently set out to continue to provide accommodation for those who might otherwise be street homeless, and have asked the churches not to restart the Night Shelter provision. The main reason given for this was that the model of guests moving to a different church base each night of the week was not optimal. Sadly, since that decision was taken, the charity CARIS Islington, which employed the paid staff required to oversee the running of the Night Shelter as well as also offering a free bereavement counselling service, has had to take the difficult decision to close down. As Christ Church reflects later this year on a new Mission Plan, we may wish to consider whether we have any role in addressing the gap left by CARIS Islington’s absence. We are very grateful to Jackie Mair who was the driving force behind the Night Shelter at Christ Church for many years, and to all those from the church and community who volunteered to help run the project.

Tania Witter

Towards the end of 2022, our much loved Associate Vicar, Tania Witter was taken ill, and very sadly died at the beginning of this year. Tania was one of the first women to be ordained a priest in the Church of England, and she served at Christ Church for the majority of her time as an ordained person. We have benefitted enormously from her wisdom, kindness, friendship, teaching, preaching and pastoral care. The sheer number of people who travelled to Christ Church for her funeral was a great testament to the impact she has had. We think of her often and miss her enormously.

Financial Review

We are grateful for God’s generosity and the continuing faithful giving of our congregation.

Total income into PCC unrestricted funds in 2022 was £242,836 (£259,925) of which £141,448 (£165,722) was from giving. About 95% of this amount was in the form of unrestricted voluntary donations and 5% from restricted voluntary donations. Regular giving has fallen by about 3% over the

7

period. There were a number of successful fundraising initiatives in the period including Upmarket! with proceeds going to the Organ Fund.

We are grateful to Cloudesley for £21,837 principally towards the renovation of the main kitchen.

Expenditure was £244,011 (£312.221) of which £89,504 (£146,553) is accounted for by ministry costs, and net income in the year was -£1,175 (-£52,297). Including the restricted building funds and the Endowment Fund, (see Notes 20 and 21), income in 2022 was £268,868 (£339,346) expenditure was £279,300 (£391,266) and the surplus in the year was -£10,432 (-£51,920).

Special thanks go to Evelyn Thomas for her work as giving secretary and to Michelle Paton for making our VAT reclaims and building grant applications.

Reserves Policy

The activities of the church are classed as “continuing” and therefore require sufficient reserves to enable the church to carry out its activities, even if there were 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 £36,828. At the end of 2022 we have total unrestricted reserves of £75,008 of which £40,453 is the PCC general fund.

In 2022 the PCC decided to make an accrual for its formal commitment to make common fund contributions for the following year. The PCC further decided that going forward this accrual should be taken into account when considering the level of reserves required.

The PCC considers that it remains within the requirements of its 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 PCC 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. Three members had a full attendance record during the year. The Standing Committee consists of the Incumbent, churchwardens, Treasurer and Secretary. This meets 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.

8

The PCC continues to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (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 2022 until the date this report was approved are:

Ex officio members

Incumbent: The Revd. Andy Chrich (Chair) SSM: The Revd. Tania Witter Churchwardens: Verity Baldry (to April 2022); Tom Crease (to April 2022); Dave Dudding (from April 2022); Teresa Dodgson (from April 2022);

Co-opted members

Alex Stewart (July 2022)

Elected members

Stewart Armer (Outgoing Treasurer) (2018) Wesley Sommier (Incoming Treasurer) (2022) John Jarvis (2016) Michelle Paton (2017) Rebecca Scharf ( 2019-2022 ) Simon Mason (2014-2022) Sue Stevens (re-elected 2017) Teresa Dodgson (Secretary) (2019)

Tom Crease (Vice Chair from 2022) (2015) Verity Baldry (2015) John Gilbert (2020 – 2022) Gwilym Newnham (2020) Dave Dudding (church warden) (2022) Tunji Faleye (2022) Pat Woodward (2022)

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: Rebecca Scharf Safeguarding Officer: Becky Osborn Pastoral Assistants: Ruth Barrett and Dawn Bramble Administrator: Juliette Soanes until March 2022; Aric Vadevalloo from April 2022 Music Director and Organist: James Buckham Electoral Roll Secretary: Ann Wilsdon

Approved by the PCC on 20th March 2023 and signed on their behalf by the Reverend Andy Chrich (PCC Chair).

Dave Dudding, Teresa Dodgson Churchwardens on behalf of the PCC 20[th] March 2023

9

2. 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 2022.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

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 145(5)(b) of the Act.

Independent examiner’s statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a fellow member of the Association of Charity Independent Examiners.

I have completed my examination.

No material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 12th October 2023

Independent Examiners Limited Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

10

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.

11

4. Statement of Financial Activities

4. Statement of Financial Activities
2022 2022 2022 2022 2022 2022 2021 2021 2021 2021 2021 2021
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 3/4 141,448 21,837 0 163,285 178,627 72,255 95 250,977
Church activities 5 6,200 6,200 4,237 4,237
Other trading activitives 6 86,944 0 86,944 42,002 336 42,338
Investments 7 435 0 4,195 4,631 73 0 6,735 6,808
Other 8 7,808 0 7,808 34,986 0 34,986
Playgroup Income 16 112,741 112,741 101,358 101,358
Total 242,836 21,837 0 112,741 4,195 381,609 259,925 72,255 430 101,358 6,735 440,704
EXPENDITURE ON:
Raising funds 9 1,339 1,339 5,874 5,874
Church Activities 10/11 241,362 34,150 0 1,139 276,651 305,345 78,162 163 383,669
Governance Costs 11 1,310 1,310 1,003 720 1,723
Playgroup Expenditure 15 130,040 130,040 99,695 99,695
Total
NET INCOME/(EXPENDITURE)		 12 244,011
-1,175		 34,150
-12,313		 0
0		 130,040
-17,299		 1,139
3,056		 409,340
-27,731		 312,221
-52,297		 78,162
-5,906		 163
267		 99,695
1,663		 720
6,015		 490,961
-50,257
Transfers between funds
Transfer of dividend income 2 4,195 -4,195 6,735 -6,735
Transfer of PCC Funds to Endowment 19 -120,920 120,920 -149,993 149,993
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets 16/20 0 -18,400 -18,400 0 255,590 255,590
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total funds brought forward:
Adjustment to opening funds
Total funds carried forward:		 19/20 -117,900
192,908
75,008		 -12,313
22,873
10,560		 0
5,818
5,818		 -17,299
22,882
5,583		 101,381
1,027,513
1,128,894		 -46,131
1,271,993
1,225,862		 -195,554
388,462
192,908		 -5,906
28,779
22,873		 267
5,551
5,818		 1,663
21,219
22,882		 404,863
622,650
1,027,513		 205,333
1,066,661
1,271,994

5. Balance Sheet

2022 2022 2022 2022 2022 2022 2021 2021 2021 2021 2021 2021
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 1,042,713 1,042,713 0 689,189 689,189
Investments:
0 0 0
Current assets:
Barclays current account 1 7,228 7,228 49,384 49,384
Barclays current account 2 1,182 1,182 11,526 11,526
Barclays Business Reserve account 70,150 10,560 5,818 86,528 159,291 22,873 5,818 187,982
Credit Union Account 1,007 1,007 1,002 1,002
CBF Deposit Fund (REDFND) 23,269 23,269 22,967 22,967
CBF Deposit Fund (ENDFND) 1,099 1,099 1,085 1,085
Cash 36 36 36 36
Total: 103,971 10,560 5,818 0 0 120,349 245,291 22,873 5,818 0 0 273,982
Playgroup current account 844 844 9,864 9,864
Playgroup investment account 13,246 13,246 20,228 20,228
Playgroup petty cash account 211 211 603 603
Cash in hand 3 3 3 3
Total: 15 14,305 14,305 30,698 30,698
COIF Income shares 20,16 24,128 115,785 139,913 158,323 158,323
CBF Deposit Fund 0 0 180,000 180,000
Total: 16 115,785 115,785 338,323 338,323
Debtors (amounts owed): 17 14,682 2,900 17,582 13,076 499 0 13,575
Creditors (falling due within one year): 18 -67,773 -11,622 -29,605 -109,000 -65,458 -8,315 0 -73,773
Net current assets: 75,008 10,560 5,818 5,582 86,180 183,148 192,909 22,873 5,818 22,882 338,323 582,805
Liabilities (falling due longer term): 0 0 0 0 0 0 0 0
TOTAL ASSETS LESS CURRENT LIABILITIES 75,008 10,560 5,818 5,582 1,128,893 1,225,861 192,909 22,873 5,818 22,882 1,027,512 1,271,994

13

2022 2022 2022 2022 2022 2022 2021 2021 2021 2021 2021 2021
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 40,453 40,453 69,768 69,768
Piano / Organ 5,222 5,222 1,974 1,974
Community Centre 0 0 116,767 116,767
Cloudesley 10,560 10,560 22,873 22,873
Highbury Heritage 5,818 5,818 5,818 5,818
Playgroup Fund 5,582 5,582 22,882 22,882
Special Projects Fund 24,128 24,128 0 0
Legacy 0 0 0 0
Endowment Fund (restricted capital) 1,128,893 1,128,893 1,027,513 1,027,513
Youth Worker 0 0 2,399 2,399
Vicarage Renovation 3,000 3,000 2,000 2,000
Ukraine Fund 2,205
Total: 75,008 10,560 5,818 5,582 1,128,893 1,225,861 192,908 22,873 5,818 22,882 1,027,513 1,271,994

14

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)increditors		 2022
2021
Note
£
£
433
-6,461 (a)
-354,663
-689,909
180,010
659,917
4,195
6,735
-120,000
-170,458
-143,257
-
-
-
-
-170,025
-149,719
304,679
454,398
134,655
304,679(b)
2022
2021
£
£
-46,131
205,333
1,139
0
-4,195
-6,015
18,400
-255,590
-
-
-4,007
555
35,227
49,256
433
-6,461
2022
2021
£
£
134,654
304,680
134,654
304,680
Net cash used in operating activities
(b) Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents

15

These financial statements were approved by the members of the Parochial Church Council on 20[th] March 2023 and are signed on their behalf by:

Andy Chrich (Vicar)

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

16

7. NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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 required

Grants and Donations

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

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 donor or the terms of the appeal have specified otherwise.

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 of the gift

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.

Volunteer Help

17

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 resulting from

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 of the obligation can

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

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 cannot be measured reliably in

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.

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. Fixed assets are shown at book cost where the annual depreciation charge and the accumulated depreciation are immaterial to the financial statements, due to the asset having a very long remaining useful life (i.e., 50 years or more).

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

18

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 12 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:

2022 2021
£ £
Planned regular giving (net) 93,693 96,759
CAF or payroll giving (gross) 10,105 10,468
Virgin giving (net) 0 976
Donations for other charities 0 3,000
Legacies 0 5,002
One-off donations (net) 9,680 21,776
Collections 2,894 2,683
Income tax refund (Gift Aid) 25,075 28,058
Total 141,448 168,722

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

4. GRANTS AND SPONSORSHIP £21,837 was received from Cloudesley during 2022 (see Notes 20b)i)).

5. CHURCH ACTIVITIES

Income from church activities is as follows:

2022 2021
£ £
Parochial fees for banns, weddings and funerals 1,694 2,511
Photocopier use 0 0
Parish Weekend Away payments 4,506 0
Contributions by participants towards adult education 0 1,726
Donations for coffee/church meals 0 0
Total 6,200 4,237

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.

19

2022 2021
£ £
Hire of church rooms 79,745 33,288
Sales from bookstall 0 0
Sales of parish Christmas cards 74 0
Other fundraising 7,126 9,050
Total 86,944 42,338

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:

2022 2021
£ £
Bank interest (Barclays) 114 60
CBF deposit fund (REDFND) 302 12
CBF deposit fund (ENDFND) 14 1
Credit Union 5 0
Total 435 73
b) Playgroup Fund
2022 2021
£ £
Bank Interest 0 0
c) Endowment Fund
Investment income for the Endowment Fund consists of interest and dividends payable as
follows:
2022 2010
£ £
Dividends on COIF shares 4,178 5,860
Dividends on Charifund shares 0 815
Interest on CBF Deposit Fund 17 61
Total 4,195 6,735

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

8. OTHER INCOME

Other income is as follows:

2022

2021

20

£ £
VAT reclaim from LPWS 3,199 17,398
Other 4,609 17,588
Total 7,808 34,986
**9. ** EXPENDITURE ON RAISING FUNDS
Expenditure on raising funds is as follows:
2022 2021
£ £
Costs of Fundraising 1,339 5,874
Total 1,339 5,874
**10. ** MINISTRY COSTS
Ministry costs are as follows:
2022 2021
£ £
Common Fund contribution 89,300 134,300
Parochial fees disbursed to Diocese 122 0
Vicar’s expenses 81 0
Curate’s expenses 0 0
Curate’s accommodation 0 12,253
Total 89,504 146,553

11. OTHER EXPENDITURE

A summary of expenditure incurred by the PCC is set out below. A more detailed analysis is provided in Appendix 1.

2022 2021
£ £
Repairs/maintenance/utilities (vicarage) 522 523
Repairs/maintenance/utilities (7 Lyndon Court) 0 788
Repairs/maintenance of church & garden 43,111 108,893
Parish Centre (planning and construction) 0 0
Piano and organ tuning and maintenance 1,062 1,186
Piano and organ major repairs 0 0
Sound system 98 1,718
Fire Alarms 0 485
Service upkeep & flowers 2,672 4,948
Utilities (church) 13,882 5,911
Insurance 7,154 6,348
Cleaner’s wages 7,918 1,020
Caretaker 1,408 32
Utilities (basement) 915 737
Posters/publicity/Christmas Cards 604 145
Salaries paid to Music Director and freelance musicians 9,893 9,462
Cost of employing Youth Worker 31,679 29,048
Parish Weekend Away 5,946 2,037
Adult education & training & Pilgrimage 987 180
Children’s/Youth work 79 393

21

Highbury Heritage 0 163
Other outreach 171 0
Administration costs 36,019 40,755
Independent examiner’s fees 1,310 1,003
Other Governance Costs 0 720
Bank charges 297 197
Grants & donations 13,700 15,876
PCC awayday 0 0
Other expenses 7,892 6,270
Depreciation 1,139 0
Total 188,457 238,839
12. NET INCOME
Net income is stated after charging:
2022 2021
£ £
Ministry costs as specified in Note 10 above 89,504 146,553
Other expenses as specified in Note 11 above 188,457 238,839
(Includes independent examiner’s fees)

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

Construction Fixtures & Total
Costs Fittings
£ £ £
COST
At 1st January 2022 688,132 1,058 689,189
Additions 344,330 10,333 354,663
At 31st December 2022 1,032,462 11,390 1,043,852
DEPRECIATION
B/Fwd. At 1st January 2022 0 0 0
Provided in the year 0 1,139 1,139
At 31st December 2022 0 1,139 1,139
NET BOOK VALUE
At 1st January 2022 688,132 1,058 689,189
At 31st December 2022 1,032,462 10,251 1,042,713

15. PLAYGROUP FUNDS

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

22

16. ENDOWMENT FUND ASSETS

Endowment Fund investment assets are shown in the balance sheet at market value Endowment Fund property assets are shown at book value.

23

CHRIST CHURCH ENDOWMENT FUND:

----- Start of picture text -----
2022 2021
Book Market Book Market
Asset
Units value value Units value value
£ £ £ £
COIF Income Units 6,370.61 49,121 115,785 7,698.16 57,592 158,323
CBF Deposit Fund 180,000 180,000
Christ Church Community
1,042,713 1,042,713 689,189 689,189
Centre
Total assets: 1,091,834 1,158,498 926,781 1,027,513
----- End of picture text -----

17. DEBTORS

PCC General and Building Funds

2022 2021
£ £
Gift Aid to be Claimed 3,374 5,963
VAT reclaim from Listed Places of Work Scheme 2,991 1,246
Room hire revenue due 8,316 2,832
Kickstart funding due 0 1,334
Electricity costs due from Haynes & Smith 0 1,700
Total 14,682 13,075

24

Playgroup Fund

Fees 2,525 0
Other debtors 375 499
Total 2,900 499
18. CREDITORS: Amounts falling due within one year
PCC General and Building Funds
2022 2021
£ £
Independent examiner’s fees 1,183 973
PAYE/NI/Pension 2,113 763
Donations Mission Partners 14,929 12,874
St Johns School 1,000 3,000
Other donations to charities (bfwd) 221 221
Church & Community Centre Utilities 2,628 1,500
Basement Utilities 0 1,128
Common Fund 45,000 45,000
Donations for Vicarage Electricity 700
Total 67,774 65,458
Endowment Fund
Accrued Construction Costs 29,605 0
Playgroup Fund
Room Hire 8,316 3,504
Payroll and Staff Costs 3,306 4,811
Total 11,622 8,315

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.

25

----- Start of picture text -----
2022 2021
Closing Gains Transfers Surplus/ Opening Closing funds Gains Transfers Surplus/ Opening
funds /(Losses) (deficit) funds /(Losses) (deficit) funds
£ £ £ £ £ £ £ £ £ £
PCC General Fund 40,453 -21,374 -7,941 69,768 69,768 65,000 -44,642 49,410
Piano / Organ 5,222 3,248 1,974 1,974 760 1,214
Community Centre 0 -123,674 6,907 116,767 116,767 -214,993 23,321 308,439
Special Projects Fund 24,128 24,128
WB Legacy 0
Youth Worker 0 -2,399 2,399 2,399 -25,000 27,399
Vicarage Renovation 3,000 1,000 2,000 2,000 2,000
Ukraine Fund 2,205 2,205 0
Total unrestricted funds 75,008 0 -120,920 3,020 192,908 192,908 0 -149,993 -45,562 388,462
Cloudesley 10,560 -12,313 22,873 22,873 -5,906 28,779
Highbury Heritage 5,818 0 5,818 5,818 267 5,551
Endowment Fund 1,128,894 -18,400 120,920 -1,139 1,027,513 1,027,513 255,590 149,993 -720 622,650
Total restricted funds 1,145,272 -18,400 120,920 -13,452 1,056,204 1,056,204 255,590 149,993 -6,359 656,980
----- 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 2022 £3,248 was raised leading to a year-end balance of £5,222.

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. In 2020 the WB Legacy and the Special Projects Fund were injected into the Community Centre Fund in preparation for the building project as was £65,000 from the PCC general fund in order to assure adequate financing of the project. In 2021 £23,321 was raised net of fund-raising costs. After building contracts had been signed £149,993 was transferred to the Endowment fund to part fund the building project and the £65,000 was transferred back to the PCC General Fund. In 2022 a further £6,907 was raised. The balance of £123,674 was transferred to the endowment fund to fund the building project.

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 202 £17,783 was spent by this fund on youth work and in 2021 £25,000, and the balance of £2,399 was spent in 2022.

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

26

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 16, £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 decided 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, was 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 were transferred to the Community Centre Fund. In 2022 the PCC decided to allocate a greater proportion of the funding of the Community Centre to the endowment fund and £24,128 has been returned to the Special Projects Fund. The PCC requested the Diocese of London to transact this via a transfer COIF Income Shares from the endowment to the PCC which took place in June 2023.

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. The fund was closed in 2022.

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 temporarily suspend payments into this fund and restarted them in 2022. The closing balance of the Vicarage fund was £3,000.

b) Restricted Building Funds

i) Cloudesley

The opening funds were £22,873. During 2022, an additional £21,837 was granted by Cloudesley. £34,150 of the fund has been spent as intended, leaving £10,560 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.

27

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. There remains £5,818 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.

At the end of 2022 one employee was employed in activities furthering the charity objects and one employee was employed in an administrative role.

During the year one young person was employed in an administrative role on a 6 month “Kickstart” work placement schemes financed by the government.

The PCC retains NEST as a pension provider and two employees are enrolled with them. Pension costs totalled £2,430 during the year (2021: £2,430). The average monthly headcount was 2.2 (2021: 3.0).

2022 2021
£ £
Gross Pay 57,384 60,934
Employers National Insurance Costs 5,530 4,690
Less allowance -4,768 -4,291
ER Pension 694 683
Total 58,840 62,015

At the end of the year the charity also had service contracts with one self-employed contractor (Music Director & Organist) who invoices the charity for his professional services and is responsible for his own reporting of Tax and NI to HMRC. The total amounts paid under music service contracts during the year was £7,854 (2021: £5,957).

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
Tania Witter Wedding and funeral fees £237.60

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

28

2022 2021
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.

24. RESTATEMENT OF PRIOR PERIOD

During the course of the preparation of these accounts it came to our notice that there had been an error in the cost code attributed to payments made in 2020 to Creative Sparks (for media equipment) and to HMDW Architects. The correction of this error necessitates a restatement of the costs attributed to and balances of the Cloudesley reserve, the General Fund and the Community Centre Fund.

2021 2020
PCC Expenditure on Church Activities 331,286
Adjustment (12,958)
PCC Expenditure on Church Activities restated 318,328
Cloudesley Expenditure on Church Activities 28,349
Adjustment 12,958
Cloudesley Expenditure on Church Activities restated 41,307
PCC General Fund, Closing Funds 59,564 39,206
Adjustment 10,204 10,204
PCC General Fund, Closing Funds restated 69,768 49,410
Community Centre Fund, Closing Funds 114,013 305,685
Adjustment 2,754 2,754
Community Centre Fund, Closing Funds restated 116,767 308,439
Cloudesley Restricted Fund, Closing Funds 35,831 41,737
Adjustment (12,958) (12,958)
Cloudesley Restricted Fund, Closing Funds restated 22,873 28,779

25. POST BALANCE SHEET EVENT (Closure of Christ Church Playgroup)

In the June/July period it became evident that the long-term viability of Christ Church Playgroup needed to be re assessed. Professional advice was sought and a staff consultation was held. The decision was ultimately taken to close the playgroup. It is anticipated that the playgroup is able to meet the costs of its closure out of its own resources with outstanding debts settled in 2023.

29

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 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,

30

other than to hold the Trusteeship over this land, and has no income or expenditure. The land comprises three plots and is registered with title deed numbers 420386, 104158 and LN50858 at HM Land Registry.

31

APPENDICES

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

32

APPENDIX I

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

----- Start of picture text -----
2022 2021
£ £
Income:
Planned giving (standing orders) 92,785.61 96,658.78
Planned giving (envelopes) 907.10 100.00
Planned Giving (Cheques) 0.00 0.00
0.00 0.00
0.00 0.00
Planned giving (envelopes) 0.00 0.00
Planned giving (CAF/ Give As You Earn) 10,105.47 10,468.08
Planned giving (Virgin - net of tax) 0.00 975.54
Subtotal - planned giving 103,798.18 108,202.40
Church collections 2,894.20 2,683.31
Special collections 0.00 0.00
Green Gift Aid pew envelopes 0.00 0.00
Legacies 0.00 5,002.05
One-off non-specific donations 3,860.50 4,214.12
0.00 0.00
One-off non-specific donations - by CAF 0.00 0.00
One-off non-specific donations - Virgin Money 0.00 0.00
One-off donation to Highbury Heritage 0.00 94.69
0.00 0.00
0.00 0.00
0.00 0.00
Children & Youth worker's donation 265.00 0.00
0.00 0.00
Children's Worker donation by CAF 0.00 0.00
Night Shelter Donations 0.00 0.00
Piano Donations 0.00 0.00
Organ Fund 0.00 0.00
Community Centre Fund 5,554.61 17,467.40
Donations to be given to other charities 0.00 3,000.00
Flowers Donations 0.00 0.00
Income tax refund 25,075.23 28,058.16
Subtotal - giving including tax reclaim 37,649.54 60,519.73
Parochial fees 1,694.00 2,511.00
Donation from Cloudesley 21,837.00 72,255.30
HE Grant 0.00 10,000.00
Grant from Islington Council 0.00 0.00
Hire of rooms 79,744.50 33,287.52
Rental Income from Lyndon Court 0.00 0.00
Hire of car park 0.00 0.00
Photocopier 0.00 0.00
----- End of picture text -----

33

----- Start of picture text -----
Contributions towards Alpha meals, books and Away Day 0.00 0.00
Contributions towards cost of other adult education, including Faith
0.00 1,725.80
Track
Contributions towards Youth Club 0.00 0.00
Contributions to Parish Weekend Away 4,506.08 0.00
Donations for coffee/ church meals 0.00 0.00
Bookstall 0.00 0.00
73.51 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Other Fundraising 7,126.36 9,050.49
0.00 0.00
VAT reclaim from Listed places of work scheme 3,199.40 17,397.86
0.00 0.00
Insurance Claim 3,800.00 1,851.15
Miscellaneous income 808.93 15,736.50
Subtotal - other income - room hire donations etc. 122,789.78 163,815.62
Dividends on COIF shares 4,177.79 5,859.93
Dividends on Charifund shares 0.00 814.75
Interest on CBF Deposit Fund 1230011084D 17.46 60.62
Subtotal - income from Endowment Fund 4,195.25 6,735.30
Bank Interest 113.93 60.30
Interest on Legacy Accounts 0.00 0.00
Interest - CBF deposit fund (REDFND) 302.08 11.96
Interest - CBF deposit fund (ENDFND) 14.27 0.57
Subtotal - interest 430.28 72.83
Total income: 268,863.03 339,345.88
Expenditure:
Common Fund 89,300.00 134,300.00
Parochial fees disbursed to Diocese 122.40 0.00
Vicar's expenses 81.20 0.00
Curate's Salary 0.00 0.00
Curate's general Expenses 0.00 0.00
Curate's Accommodation 0.00 12,253.31
Curate's Council tax 0.00 0.00
Curate's moving expenses 0.00 0.00
MINISTRY COSTS 89,503.60 146,553.31
Vicarage - water rates 466.86 467.28
Vicarage Phone 55.26 55.26
Vicarage - redecoration/maintenance/repairs/furnishings 0.00 0.00
VICARAGE 522.12 522.54
7 Lyndon Court - rent refund 0.00 0.00
----- End of picture text -----

34

----- Start of picture text -----
7 Lyndon Court - Service charge/Agency fees 0.00 511.69
7 Lyndon Court - utilities (water) 0.00 0.00
7 Lyndon Court - council tax 0.00 266.00
7 Lyndon Court - redecoration & maintenance & other 0.00 10.80
Lyndon Court Legal Fees 0.00 0.00
7 Lyndon Court upkeep 0.00 788.49
Repairs & Maintenance, PCC Funded 8,961.57 30,596.80
Repairs & Maintenance, Cloudesley Funded 34,149.68 75,661.63
Major Building Works, PCC funded 0.00 0.00
Major Building Works Legacy funded 0.00 0.00
Major Building Works , Cloudesley funded 0.00 0.00
Parish Centre Project, PCC funded 0.00 0.00
Parish Centre Project, Legacy funded 0.00 0.00
0.00 0.00
Capital Items, PCC Funded 0.00 0.00
Capital Items, Legacy Funded 0.00 0.00
Other Items, Cloudesley funded 0.00 2,500.00
Piano and organ tuning/ maintenance 1,061.82 1,186.22
Garden maintenance 0.00 135.00
Piano and Organ, major repairs 0.00 0.00
Utilities - Church 13,882.38 5,910.98
Sound System 98.36 1,717.89
Utilities - Basement 915.35 737.39
Fire Alarms 0.00 484.96
Insurance 7,153.78 6,347.60
Cleaning 7,917.93 1,020.00
Caretaker 1,408.00 32.00
CHURCH UPKEEP 75,548.87 126,330.47
Copyrights 95.00 109.95
Communion supplies/books/sundries 2,323.02 4,816.26
Bibles 0.00 0.00
Flowers 0.00 21.70
Meals 253.64 0.00
SERVICE UPKEEP 2,671.66 4,947.91
Organists' fees 1,954.55 1,202.71
Music Director's salary 7,859.74 5,121.85
Jazz Vespers Musicians 78.34 3,137.39
MUSIC 9,892.63 9,461.95
Administrator's salary incl. tax & NI 27,324.73 19,956.88
Payments to casual staff for office work 2,752.92 11,283.41
Purchase of new office equipment 90.00 282.00
Stationery/computer supplies 728.36 276.90
Photocopier 3,806.36 8,158.77
Office & Vicarage phone 1,316.58 768.79
Postage 0.00 28.01
Independent examiner's fees 1,310.00 1,002.96
Other Governance Costs 0.00 720.00
----- End of picture text -----

35

----- Start of picture text -----
Bank Charges 296.51 196.83
ADMINISTRATION COSTS 37,625.46 42,674.55
Youth worker's course fees 0.00 0.00
Youth Worker's salary (inc. NI and Pension) 31,678.50 29,048.46
Youth worker's accommodation 0.00 0.00
Children's and youth work 78.87 393.23
Alpha meals/Awayday/expenses 0.00 89.99
Other adult education and training (Prayer Ministry, House groups etc) 986.84 89.82
Parish Weekend away 5,945.60 2,037.40
PCC Away Day 0.00 0.00
EDUCATION & YOUTH WORK 38,689.81 31,658.90
Parish Xmas cards/ newsletters 0.00 0.00
Posters/publicity 604.45 145.36
Night shelter 0.00 0.00
Highbury Heritage 0.00 163.20
Outreach various – inc. parenting course 171.09 0.00
OUTREACH 775.54 308.56
Donations to Mission partners (see Appendix 2) 12,355.00 11,875.84
St Johns School (see Appendix 2) 1,000.00 1,000.00
Other donations to charity (see Appendix 2) 345.00 3,000.00
DONATIONS 13,700.00 15,875.84
PRS licence 855.12 724.11
Cleaning materials/supplies for kitchen and toilets 31.86 581.62
Costs of Fundraising 1,338.82 5,873.96
Hospitality/gifts 276.82 316.91
Miscellaneous 6,728.33 4,647.18
MISCELLANEOUS 9,230.95 12,143.78
Depreciation 1,139.04
Total Expenditure 279,299.68 391,266.30
----- End of picture text -----

36

APPENDIX II

Donations to Charities

Given by church members in 2022:
£
Targeted donations:
Highbury Heritage
0
Night Shelter
0
Children’s / Youth Worker
0
Piano/Organ
0
Flowers
0
Foodbank
0
Community Centre
5,555
Donations for third party charities
0
Tax refund on targeted giving
1,770
Sub-total - targeted donations:
7,325
Giving to General Fund:
Non targeted one-off donations
3,861
Pew envelopes
907
Church collections
2,894
All planned giving
103,798
Tax refund on non-targeted giving
22,108
Sub-total - non targeted giving:
133,568
Total giving:
140,893
Amount due to charities in 2022:
10% of non targeted giving
13,356
Sub-total:
13,356
Accrued from 2021
CMS Jordan - for 2021
2,575
The Marylebone Project - for 2021
2,575
Mission to Seafarers - for 2021
2,575
Anglican Eye Clinic - for 2021
2,575
Send a Cow - for 2021
2,575
St. John's School - for 2021, 2020 & 2019
3,000
Total amount accrued from 2020
15,875
2022 Amount due + 2021 Accrual
29,231
Amounts paid to charities in 2022:
CMS Jordan - for 2021
2,575
The Marylebone Project - for 2021
2,575
Mission to Seafarers - for 2021
2,575
Anglican Eye Clinic - for 2021
Send a Cow - for 2021
2,575
St. John's School - for 2021, 2020 & 2019
3,000
Total paid:
13,300
Accrual carried forward at 31/12/22
15,930		 Due to be paid to:
CMS Jordan - for 2022
2,471
The Marylebone Project - for 2022
2,471
Mission to Seafarers - for 2022
2,471
Anglican Eye Clinic - for 2021 & 2022
5,046
Send a Cow - for 2022
2,471
St. John's School - for 2022
1,000
Total due:
15,930

37

APPENDIX III

CHRISTCHURCH PLAYGROUP Year ended 31 December 2022

CHRISTCHURCH PLAYGROUP

Year ended 31 December 2021

2022 2021
£ £ £ £
Income Income
Fees 53,196 Fees 45,106
Islington Council 57,034 Income from Council 56,250
Government grants - Grants -
Other 2,511 Other 2
112,741 101,358
Fundraising Fundraising
Fundraising efforts Fundraising efforts
- -
Deposit account interest Deposit account interest
112,741 101,358
Expenditure Expenditure
Main Staff Costs 103,041 Main Staff Costs 76,865
Other Staff Costs - Other Staff Costs 2,652
Rent 11,148 Rent 9,547
Training - Training 331
Equipment 3,983 Equipment 3,060
Food 5,095 Food 3,299
Cleaning - Cleaning -
Internet 1,197 Internet 858
Other Costs 5,575 Other Costs 3,083
Withdrawal Fees - Withdrawal Fees
130,040 99,695
Profit/(loss) for period ( 17,299 ) Profit/(loss) for period 1,663
Current assets Current assets
Debtors 2,900 Debtors 499
Current account 844 Current account 9,864
Investment account 13,246 Investment account 20,228
Petty Cash Account 211 Petty Cash Account 603
Cash in Hand 3 Cash in hand 3
17,204 31,197
Current liabilities Current liabilities
Creditors ( 11,622 ) Creditors 8,315.00
Deferred income - Deferred income -
( 11,622 ) 8,315
Net current assets 5,582 Net current assets 22,882
Reserves Reserves
Profit and loss account b/f 22,882 Profit and loss account b/f 21,219
Profit/(loss) for the period ( 17,299 ) Profit/(loss) for the period 1,663
Profit and loss account c/f 5,582 Profit and loss account c/f 22,882

38