ECCLESIASTICAL PARISH OF ST MARY BROOKFIELD
FINANCIAL STATEMENTS
OF
THE PAROCHIAL CHURCH COUNCIL REGISTERED CHARITY NO. 1136821
FOR THE YEAR ENDED 31 DECEMBER 2021
Incumbent: Fr Damien Mason The Vicarage 85, Dartmouth Park Road London NW5 1SL
Bank: HSBC PLC 31 Holborn Circus London EC1N 2HR
Independent Examiner: Heather Cheesman FCA Chichester Accounting Ltd
ANNUAL REPORT
Administrative Information
St Mary Brookfield is part of the Diocese of London. The correspondence address is The Vicarage, 85 Dartmouth Park Road, London NW5 1SL. The Parochial Church Council (PCC) is a registered charity (no 1136821).
PCC members who have served from 1st January 2021 until the date of this report are:
Incumbent:
Fr Damien Mason (Chair)
Wardens:
Peter Dann Ian MacGregor
Representatives on the Deanery Synod
Bill Saunders DIED 18 DEC 2021, RIP Lucy Boyd (from 11 Oct 2020)
Elected Members
Oliver Butt Nicholas Bethune (Vice Chair) Ruth Godwin Nicola Pittam OBE (Treasurer) Denise Sealy Mark Williams Thomas Loyn Noel Casey William Johnson Lydia Kember
Structure, governance and management
Members of the PCC are either ex officio by virtue of being Churchwardens, or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
The PCC operates through the Standing Committee, a committee required by law. The Standing Committee has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.
The full PCC met 6 times during the year. We continue to be a body that is involved in the governance of the church with responsibilities shared out amongst members. The PCC support the vicar in his work and ministry and have an important role in ensuring we represent our diverse congregation.
Aim and Purposes
St ������ Brookfield PCC is responsible for cooperating with the incumbent, Fr Damien Mason, in promoting the Christian faith and the whole ministry of the Church, pastoral, evangelistic, social and ecumenical in the ecclesiastical parish of St Mary Brookfield. It
also has maintenance responsibilities for the Church, and the Church Hall at York Rise.
Objectives and activities
The PCC is committed to enabling as many people as possible to worship at St ������ and to become part of the church community. Our services put faith into practice through prayer and Scripture, music and sacrament.
When planning our activities for the year, we have considered the Charity ������������ guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our church community through:
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Worship and prayer; learning about the gospel; developing their knowledge of and trust in Jesus;
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Provision of pastoral care for people living in the parish;
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Reaching out to the wider community and partnering with local organisations.
Achievements and performance
Electoral Roll
There are 64 names entered on the Roll.
Review of the year
2021 continued to be another testing and difficult time for our community and parish as we tried to keep going throughout various lockdowns and restrictions. As we discovered new ways of reaching out and worshipping in different ways, we recognised that although so much had changed, our vision for the church remained the same. Our Mission Action Plan Vision 2025 reminds us that we should be active in the renewal in the life of our congregation and parish. The five areas of transformation and growth identified in our Mission Action Plan are set out below:
� Worship
Worship lies at the centre of our life as a parish on Sundays and weekdays. We have one Sunday Solemn Mass and a said Low Mass on most weekdays. Our average adult Sunday attendance in 2021 was 45, and 8 children. We continued up until August 2021 live-streaming Solemn Mass on Sundays on the parish Facebook page for those who were shielding from Covid-19 and unable to make it to church.
We complied with all Covid-19 restrictions placed on churches. We managed to keep our building open every day of the week for the whole year.
Our Music has been strengthened by more regular singers who help lead worship on
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Sundays and at major solemnities and feasts throughout the year. Our organist and choir play an important role in maintaining high standards that appropriately support the liturgy and worship. The high quality of choral singing attracts people to worship in St ������ and is a key feature of what we do.
� Discipleship & Faith
There were 3 Confirmations and 6 Baptisms in 2021. We have continued to adapt and change in terms of teaching. We are ably supported by our Lay Reader who leads on Study Groups and various ways of sharing the faith. We held 3 study groups (online and in-person).
Pub Sunday is a regular monthly meeting for fellowship following Sunday Mass. We regularly have between 20-30 people attend.
Communication in the parish is maintained via the weekly parish email newsletter. Contact was also maintained via telephone, and by visiting, particularly for those who were isolated and staying at home especially at the beginning of 2021.
� Young People
Our Sunday provision for children was enhanced during 2021. We now regularly see between 8 and 12 children on a Sunday morning. We take seriously our aim to nurture children to be disciples in their own right as we seek to encourage them in faith and engage them with Scripture and allow them to contribute to worship as they play their part as children of God. Our Sunday School leaders have enthusiastically and consistently been creative in helping our young people grow through engaging and imaginative ways.
� Transforming Community
Our weekday Community Café now runs three days a week seeing around 30 people at each lunch. These sessions were enhanced at the end of 2021 with a National Lottery Grant, which we are using to help towards providing music and activities for those who attend, and improving the facilities for the Community Café .
All Aboard: stay & play for under ��� now runs four days a week and we see around 100 children over the course of the week.
Both of these outreach projects continue to be run in partnership with Highgate Newtown Community Partners, a relationship that has been fruitful throughout the year.
During the year we started a peer support group in partnership with MIND Camden, focusing on mental health and wellness. This is a group of 10-15 people who meet weekly and have a short discussion session. This group is drawn from
members of our congregation and people from the local community.
We continued to the C4WS winter shelter in the changed circumstances forced by the pandemic.
� Transforming our Building
We completed the first set of plans for the works that take into account the need to make major repairs to our building alongside the need to improve our facilities and accessibility. Work on this has been slower than we would have liked, but the effects of the pandemic have reduced the time we were able to spend on taking our proposals forward to the Diocese and other ammenity societies etc.
We continued with our programme of caring and improving the ornaments and fabric of the church. A new altar frontal was purchased, the sanctuary light was repaired and refurbished, and a number of candlesticks were refurbished in 2021.
The Church Hall continues to be a major source of income for the parish, but it also continues to need regular improvements. This income allows us to fund much of our work at St �������
Risk Management
The PCC noted that continuing expenditure on church and hall maintenance would need to be carefully monitored to ensure that the parish could still meet and if possible increase payments to the Common Fund of the Diocese. The church is dependent on the rents received from the church hall. If one or more of the flats are left vacant for a significant period of time, or if the nursery is prevented from opening, the �������� income would be severely affected. It was noted that, the restrictions in place to meet the Covid-19 pandemic in 2021 had only affected weekend lettings at the church hall, and income from the church, through loss of concerts, fund raising income and collections. Continuation of Coronavirus restrictions continued to affect the church income in 2021, but so far income from the church hall has been sufficient to cover this. The church also still has sufficient reserves to enable us to keep operating in the event that the situation deteriorates. Concerning statutory and legal requirements, the church continued to insure with Ecclesiastical Insurers which provides cover for the most significant high impact risks identified by the PCC.
The PCC also continually monitors the condition of our buildings to ensure that all users of both the church and the hall remain at minimal risk.
3
The process of identifying the major risks to which the church is exposed, as identified by the PCC, continues. The PCC is committed to continuing this review of risks identified, and to making sure that the systems established to mitigate those risks are improved, where necessary.
Safeguarding
St ������ takes safeguarding seriously in the context of our belief that we are all unique, valued, and made in ����� image. We have formally adopted our own safeguarding policy in line with that of the Diocese of London and the national church. Lydia Kember is our ���������� champion. Bill Saunders acted as designated Church Safeguarding Officer for most of the year, Bill Saunders, but sadly died at the end of 2021. Bill worked very hard in our church and we are grateful for all he did for St ������� Following his death, Noel Casey was appointed Church Safeguarding Officer at the beginning of 2022.
The PCC has agreed to the ��������� request that common fund contributions for 2022 should, if possible, be increased. Accordingly, the parish will contribute £60,000 to the Common Fund for 2022.
Plans for future periods
We are positive about the next year and look forward to the challenges ahead. In these uncertain times we must remain rooted and grounded in our belief that the one who calls us is faithful and good and will provide all that we need. As we move into 2022 we hope to build on the things we have learned during the last two difficult years and press on with Vision 2025 .
For the past few years we have started to make decent progress in our wish to become a centre for our parish and community. I am confident that we will continue to develop and grow in the year ahead.
Reserves policy
At the end of the year, the PCC had cash reserves of £113,755 (2020: £90,390), of which £15,653 (2020: £9,096) were held on restricted funds and not available for general purposes of the charity.
The church requires significant reserves to ensure that it is able to finance any maintenance required to the Church and church hall buildings, and to meet its liabilities as they fall due. At the end of 2021, the �������� reserves had increased by £21,479, reversing the loss of £18,205 made in 2020. The church has sufficient funds in the Church Hall fund: £71,343 (2020: £66,082)) to cover maintenance needs and other liabilities.
[ Damien Mason]
Fr Damien Mason
In addition, the PCC holds cash reserves on the general fund: £20,399 at 31 December 2021 (£8,854 at 31 December 2020)) as a safeguard against unforeseen expenditure needs. It can call on the church hall account where this is insufficient. The level of the reserves is decided by reference both to identified building and maintenance requirements, and to the PCC�s experience. The level of reserves is reviewed annually.
Financial review
Planned giving received during 2020 decreased by 0.08% on the previous year. Total voluntary income increased by 64.6% and total income increased by 19.8%.
£175,843 (2020: £182,872) was spent during the year, including the contribution of £58,025 (2020: £58,025) to the diocesan Common Fund. The net result for the year was a surplus of £21,479 (2020: a loss of £18,205).
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believe that in any material respect the requirements
Independent Examiner � s Report to the PCC of St Mary � s Brookfield
I report on the accounts of the PCC for the year ended 31 December 2021, which are set out on pages 6 - 15, following an examination carried out in accordance with section 145 of the Charities Act 2011 ����� ������
Respective responsibilities of trustees and examiner
As members of the PCC, you are responsible for the preparation of the accounts. You consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the requirements of the Act,
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
It is my responsibility to:
-
examine the accounts under section 145 of the Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner � s report
[Heather Cheesman]
Heather Cheesman FCA 104 Stockbridge Road Chichester West Sussex PO19 8QP
- [24 February 2022]
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is expressed as to whether the accounts present �� true and fair ����� and the report is limited to those matters set out in the statement below.
Independent examiner � s statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to
5
Parochial Church Council of St Mary Brookfield
STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2021
| Notes | Unrestricted Funds Restricted Funds Music Memorial fund Church Hall Fund Designated Funds |
2021 2020 TOTAL FUNDS |
|---|---|---|
| INCOME Donations and legacies 3(a) Trading activities 3(b) Investment income 3(c) Church activities 3(d) Other income 3(e) |
£ £ £ £ £ £ 64,592 - - 28,362 92,954 56,453 6,944 - 96,765 - 103,709 107,875 3 3 29 3 38 305 621 - - - 621 33 - - - - - - |
|
| TOTAL INCOMING RESOURCES | 72,160 3 96,794 28,365 197,322 164,666 |
|
| EXPENDITURE Costs of raising funds 4(a) Church activities 4(b) |
923 - - - 923 900 121,420 - 31,044 22,456 174,920 181,971 |
|
| TOTAL EXPENDITURE | (122,343) - (31,044) (22,456) (175,843) (182,871) |
|
| NET MOVEMENT IN FUNDS | (50,183) 3 65,750 5,909 21,479 (18,205) |
|
| TRANSFER OF FUNDS RECONCILIATION OF FUNDS BALANCES BROUGHT FORWARD AT 1 JANUARY 2021 |
60,000 (60,000) 586,103 6,358 142,343 9,311 744,115 762,320 |
|
| BALANCES CARRIED FORWARD AT | 595,920 6,361 148,093 15,220 765,594 744,115 |
|
| 31 DECEMBER 2021 | ||
| The notes on pages 9 - 15 form part of these accounts. |
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Parochial Church Council of St Mary Brookfield
BALANCE SHEET At 31 December 2021
| Note FIXED ASSETS Tangible fixed assets 7 CURRENT ASSETS Debtors 8 Central Board of Finance deposits Cash at bank and in hand LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 Net current assets Total assets less current liabilities TOTAL NET ASSETS FUNDS 10 Unrestricted: General funds Music Memorial Fund Church hall designated fund Restricted funds |
2021 2020 £ £ 651,952 654,077 8,770 5,713 69,203 69,167 44,552 21,223 |
|---|---|
| 122,525 96,103 (8,883) (6,065) |
|
| 113,642 90,038 |
|
| 765,594 744,115 765,594 744,115 595,920 586,103 6,361 6,358 148,093 142,343 |
|
| 750,374 734,804 15,220 9,311 |
|
| 765,594 744,115 |
Approved by the Parochial Church Council on 24th February 2022 and signed on its behalf by:
[Peter Dann] [Ian MacGregor]
Peter Dann (Churchwarden)
Ian MacGregor (Churchwarden)
[Nicola Pittam]
Ms Nicola Pittam (Treasurer)
The notes on pages 9 - 15 form part of these accounts.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
1. THE BASIS OF ACCOUNTING
The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015 (Financial Reporting Standard 102).
The financial statements have been prepared under the historic cost convention except for investments, which are shown at market value. The Church Hall is valued at cost, taken as the insurance estimated value of rebuilding in 1998, and the cost of structural alterations made in 2011. The Accounts have been prepared on an accrual basis.
2. ACCOUNTING POLICIES
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. There are three designated funds: the Church Hall designated fund, and the Music Memorial Fund. Money earned by the Church Hall is accounted for in the Church Hall Fund. The maintenance of the church hall is the first charge on that fund. Any surpluses on the fund may be transferred to the general fund to finance the work of the parish.
The Church also has the following restricted funds: the Churchwardens’ Fund (see further note 11, and page 13); the Elsie Huxley Music Fund, set up in memory of Elsie Huxley, which contributes to the costs of music; the Charities fund, into which moneys donated to charity through the church are paid. The other restricted funds include the Organ Fund to which donations are made to contribute to the cost of the organ, the Vestments Fund, for the purchase of vestments, the Cold Weather Shelter fund, for donations towards the church’s expenses as a participant in the Camden Churches Cold Weather Scheme, the Hall fund, the Community Lunch Fund, for costs associated with the Community Lunch hosted by the Church, and a Church Wall fund, for donations to the cost of repairs to the church walls.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law.
Income
Collections are recognized when received by or on behalf of the PCC. Planned Giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognized at the end of the financial year.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by the fete, bazaar and similar events are accounted for gross.
Rental income from the letting of church premises is recognised when the rental is due.
Expenditure
Grants and donations are accounted for when paid over. The parish contribution to the diocese common fund (the parish share) is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Insurance payments are accounted for when paid.
Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2003 there is insufficient cost information available and therefore such assets are not valued in the accounts.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,500 or on the repair of movable church furnishings acquired before 1 January 2013 is written off when incurred.
Other property, fixtures, fittings and office equipment.
Equipment used within the church premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. No depreciation is charged on the church hall as the currently estimated residual value of the hall (discounted for monetary inflation since their capitalisation) is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. If the carrying value of the buildings looks greater than their current value on this basis, an impairment review would be carried out and any resultant loss included in expenditure for the year. Fixtures and fittings within the church hall are depreciated on a straight-line basis over 15 years.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit with the CBF Church of England Funds or at the bank.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
3 INCOMING RESOURCES
| 3 | INCOMING RESOURCES | ||||||
|---|---|---|---|---|---|---|---|
| TOTAL FUNDS | |||||||
| Unrestricted | Restricted | ||||||
| funds | funds | ||||||
| General | Designated funds | ||||||
| funds | 2021 | 2020 | |||||
| Church music | Church hall | ||||||
| £ | £ | £ | £ | £ | £ | ||
| Incoming resources from generated funds | |||||||
| 3(a) | Voluntary Income | ||||||
| Planned giving: | |||||||
| Gift Aid Donations | 23,685 | - | - | - | 23,685 | 23,380 | |
| Income tax recoverable | 5,924 | - | - | - | 5,924 | 5,845 | |
| Other planned giving | 1,478 | - | - | - | 1,478 | 2,128 | |
| 31,087 | - | - | - | 31,087 | 31,353 | ||
| Collections | 2,699 | - | - | 234 | 2,933 | 1,722 | |
| Gift Aid Small Donations Scheme | 1,004 | - | - | - | 1,004 | 481 | |
| Sundry donations | |||||||
| Gift Aid | 22,451 | - | - | 4,404 | 26,855 | 4,699 | |
| Income tax recoverable | 5,613 | - | - | 1,101 | 6,714 | 1,175 | |
| Other donations | 1,738 | - | - | 639 | 2,377 | 3,023 | |
| 29,802 | - | - | 6,144 | 35,946 | 8,897 | ||
| Grants (see further note 11) | - | - | - | 21,984 | 21,984 | 14,000 | |
| Legacy | - | - | - | - | - | - | |
| 64,592 | - | - | 28,362 | 92,954 | 56,453 | ||
| 3(b) | Activities for generating funds | ||||||
| Trading income (see further note 12) | 6,589 | - | - | - | 6,589 | 2,568 | |
| Rental and letting income (see note 13) | - | - | 91,606 | - | 91,606 | 98,037 | |
| Fund-raising activities (see note 14) | 355 | - | - | - | 355 | 825 | |
| Sundry income | |||||||
| Miscellaneous | - | - | - | - | - | 1,762 | |
| Utilities payments | - | - | 5,159 | - | 5,159 | 4,682 | |
| 6,944 | - | 96,765 | - | 103,709 | 107,875 | ||
| 3(c) | Income from investments | ||||||
| Interest on funds with Central Board of | 1 | 3 | 29 | 3 | 36 | 305 | |
| Finance | |||||||
| Interest from Inland Revenue | 2 | - | - | - | 2 | 0 | |
| 3 | 3 | 29 | 3 | 38 | 305 | ||
| 3(d) | Incoming resources from charitable activities | ||||||
| Parish Magazine | - | - | - | - | - | - | |
| Bible Reading Fellowship notes | - | - | - | - | - | 20 | |
| Fees | 621 | - | - | - | 621 | 13 | |
| 621 | - | - | - | 621 | 33 | ||
| 3(e) | Other ordinary incoming resources | ||||||
| Insurance claims | - | - | - | - | - | - | |
| TOTAL INCOMING RESOURCES | 72,160 | 3 | 96,794 | 28,365 | 197,322 | 164,666 |
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
| TOTAL FUNDS | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | ||||||
| General funds |
Designated funds | 2021 | 2020 | ||||
| Church music | Church hall | ||||||
| £ | £ | £ | £ | £ | £ | ||
| 4 | EXPENDITURE | ||||||
| Costs of generating funds | |||||||
| 4(a) | Costs of raising funds | ||||||
| Costs of stewardship | 74 | - | - | - | 74 | - | |
| Costs of fundraising | 205 | - | - | - | 205 | 579 | |
| Advertising | 644 | - | - | - | 644 | 321 | |
| 923 | - | - | - | 923 | 900 | ||
| 4(b) | Church activities | ||||||
| Charitable giving (see further note 15) | - | - | - | 5,241 | 5,241 | 152 | |
| Ministry | |||||||
| Diocesan Fund | 58,025 | - | - | - | 58,025 | 58,025 | |
| Clergy expenses | 802 | - | - | - | 802 | 906 | |
| Vicarage telephone | 968 | - | - | - | 968 | 895 | |
| Hospitality | 1,020 | - | - | - | 1,020 | 151 | |
| Cold Weather Shelter | - | - | - | - | - | 954 | |
| Study material | 255 | - | - | - | 255 | - | |
| Ministry to children | 380 | - | - | - | 380 | 485 | |
| Website | 250 | - | - | - | 250 | 250 | |
| Sundry costs | 1,834 | - | 1,701 | 999 | 4,534 | 2,086 | |
| Computer equipment and software | 152 | - | - | - | 152 | - | |
| office supplies | 743 | - | - | - | 743 | 438 | |
| Presentation | 131 | - | - | - | 131 | 550 | |
| Printing | 1,614 | - | - | - | 1,614 | 1,013 | |
| 66,174 | - | 1,701 | 999 | 68,874 | 65,752 | ||
| Vicarage costs | |||||||
| Vicarage maintenance | 395 | - | - | - | 395 | 1,192 | |
| Vicarage utilities | 302 | - | - | - | 302 | 289 | |
| 697 | - | - | - | 697 | 1,481 | ||
| Church and Hall costs | |||||||
| Maintenance | 9,583 | - | 10,609 | - | 20,192 | 20,063 | |
| utilities | 9,390 | - | 7,043 | - | 16,433 | 9,534 | |
| Insurance | 6,590 | - | 2,197 | - | 8,787 | 8,513 | |
| Major works | - | - | - | - | - | 7,076 | |
| Professional fees re proposed major | |||||||
| works | 1,734 | - | - | - | 1,734 | 18,316 | |
| Professional fees | - | - | 971 | - | 971 | 2,268 | |
| Church and hall manger's costs | 8,499 | - | 2,833 | - | 11,332 | 10,238 | |
| Church hall legal and admin costs | 590 | - | 3,846 | - | 4,436 | 2,468 | |
| 36,386 | - | 27,499 | - | 63,885 | 78,475 | ||
| Upkeep of services | |||||||
| Music costs | 2,302 | - | - | 13,055 | 15,357 | 11,759 | |
| Organists | 7,580 | - | - | - | 7,580 | 6,290 | |
| Repair & refurbishment of candles et | 1,882 | - | - | - | 1,882 | 6,173 | |
| New crucifix | 31 | - | - | 1,687 | 1,718 | - | |
| Purchase of altar frontals | 2,330 | - | - | - | 2,330 | 3,814 | |
| Other service costs | 3,114 | - | - | 1,317 | 4,431 | 5,050 | |
| 17,239 | - | - | 16,059 | 33,298 | 33,086 | ||
| Movable furnishings and equipment | |||||||
| Depreciation | 124 | - | 1,844 | 157 | 2,125 | 2,125 | |
| 124 | - | 1,844 | 157 | 2,125 | 2,125 | ||
| Governance costs | |||||||
| Independent examination | 800 | - | - | - | 800 | 900 | |
| Total expenditure on charitable activities | 121,420 | - | 31,044 | 22,456 | 174,920 | 181,972 | |
| TOTAL RESOURCES EXPENDED | 122,343 | - | 31,044 | 22,456 | 175,843 | 182,872 |
5 STAFF COSTS/PCC EXPENSES
During the year the PCC employed a Hall Manager and engaged the services of organists. Neither received £50,000 p.a. or more for their services. The hall manager was paid £11,015 for his services, and £317 was contributed to his pension. The organists were paid £7,580 for their services.
During the year the vicar was reimbursed travelling, telephone and administrative expenses of £802.
6 RELATED PARTY TRANSACTIONS
During the year £19,180 was received by way of donations from members of the PCC. No expenses have been paid to any member of the PCC, except for clergy expenses disclosed in note 5.
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Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
7 FIXED ASSETS FOR USE BY THE PCC
| Tangible fixed assets Actual / Deemed Cost At 1 January 2021 Correction Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net Book Value At 31 December 2020 At 31 December 2021 |
TOTAL ASSETS Freehold land and buildings Fixtures and Fittings Other church equipment 2021 £ £ £ £ 643,196 27,654 7,828 678,678 - - - - - - - - |
|---|---|
| 643,196 27,654 7,828 678,678 - 17,054 7,547 24,601 - 1,844 281 2,125 |
|
| - 18,898 7,828 26,726 643,196 10,600 281 654,077 643,196 8,756 - 651,952 |
The freehold land and buildings comprise the church hall at York Rise. For accounting purposes the hall is valued at cost (taken as the insurance valuation of the cost of rebuilding, valued for insurance purposes at 31 December 1998 at £580,000, together with the cost of structural alterations made in 2011).
8 DEBTORS
| Fr Damien Brookfield Press Debtors Inland Revenue GB News York Rise Nursery School Anais Crane and Sam Hackwood (hall flat 3) Deidre, Rashid and Soumiya Rettali (hall flat 1) |
TOTAL FUNDS Unrestricted funds Restricted funds General funds Designated funds 2021 2020 Church hall £ £ £ £ £ - - - - - 120 210 - - - 210 630 1,608 - - - 1,608 1,454 1,000 - - - 1,000 - - - 5,014 - 5,014 2,107 - - 488 - 488 152 - - 450 - 450 1,250 |
|---|---|
| 2,818 - 5,952 - 8,770 5,713 |
9 CURRENT LIABILITIES
| LIABILITIES | |
|---|---|
| British Gas Sarah Parfitt Fr Damien Mason Charles Farris Ltd David Terry Hayes & Finch Nicholson & Co Ltd New Journal Enterprises Ben Williams London Diocesan Fund (fees due) Castle Water London Lease Plan Ltd QODA |
Unrestricted funds Restricted funds funds Designated funds 2021 2020 Church hall £ £ £ £ £ 2,519 - 1,058 - 3,577 1,576 - - - 200 200 - 874 - 96 232 1,202 631 1,962 - - - 1,962 - 955 - - - 955 - 302 - - - 302 - 535 - - - 535 - 150 - - - 150 - - - - - - 130 - - - - - 398 - - - - - - - - - - - 450 - - - - - 2,880 |
| 7,297 - 1,154 432 8,883 6,065 |
11
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
10 ANALYSIS OF NET ASSETS BY FUND
| Fixed Assets for Church use Current Assets Funds on deposit with Central Board of Finance Bank deposits Petty cash Debtors Current Liabilities Net Current Assets Liabilities falling due after one year Fund Balance |
TOTAL FUNDS Restricted funds General funds 2021 2020 Church Music Church hall £ £ £ £ £ £ 580,000 - 71,952 - 651,952 654,077 2,227 6,361 54,936 5,679 69,203 69,167 17,906 - 16,407 9,973 44,286 21,221 266 - - - 266 2 Designated funds Unrestricted funds |
|---|---|
| 20,399 6,361 71,343 15,652 113,755 90,390 2,818 - 5,952 - 8,770 5,713 |
|
| 23,217 6,361 77,295 15,652 122,525 96,103 (7,297) - (1,154) (432) (8,883) (6,065) 15,920 6,361 76,141 15,220 113,642 90,038 |
|
| - - - - - - 595,920 6,361 148,093 15,220 765,594 744,115 |
11 GRANTS
The parish of St Mary Brookfield is a beneficiary of annual grants from the St Pancras Church Lands Trust, a Charitable Trust established by Act of Parliament in 1816. This grant may only be used for the maintenance of the church fabric and the maintenance of worship in the parish, and not for general parochial purposes. The amounts received and paid have therefore been included in Restricted Funds in the Statement of Financial Activities. Full details of the funds received from this trust, and payments from that fund are given in the Churchwardens' Account on page 11. The parish also received a grant from the National Lottery Fund Community Fund towards the Wellbeing Community Lunch.
| St Pancras Church Lands Trust The National Lottery Fund Community Fund NCOME Brookfield Press Votive candles Refreshments Books and cards Stay and play Fee for use of church and churchyard Total |
2021 2020 £ £ 12,000 14,000 9,984 - |
|---|---|
| 21,984 14,000 |
|
| 2021 2020 £ £ 1,090 910 500 225 10 29 19 46 1,595 218 3,375 1,140 |
|
| 6,589 2,568 |
12 TRADING INCOME
| ND LETTING INCOME Nursery School rent Lettings Flat 1 rent Flat 2 rent Flat 3 rent |
2021 2020 £ £ 40,000 40,000 1,705 2,438 21,600 21,400 14,668 18,000 13,633 16,200 |
|---|---|
| 91,606 98,038 |
13 RENTAL AND LETTING INCOME
12
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2021
| ING EVENTS Candles for All Souls Barbeque Burns' Night Collection of coins 100 club |
2021 2020 General funds Restricted fund £ £ £ £ 140 - 140 - 215 - 215 - - - - 456 - - - 75 - - - 294 |
|---|---|
| 355 - 355 825 |
14 FUND-RAISING EVENTS
15 CHARITABLE GIVING
2021
The following payments were made to charity during 2021 from restricted funds:
| Highgate Newtown Community Centre (in connection with the well being community lunch) Save the children London Diocesan Fund (for work in Mozambique and Angola) C4WS (for the Cold Weather Shelter) |
4,000 55 186 1,000 |
|---|---|
| 5,241 |
16 2020 COMPARATIVES BY FUND
| INCOME AND ENDOWMENTS Donations and legacies Other trading activities Investment income Other Income TOTAL INCOME AND ENDOWMENTS EXPENDITURE Costs of raising funds Church activities TOTAL EXPENDITURE NET MOVEMENT IN FUNDS |
Unrestricted funds Restricted funds General funds 2020 Church Music Church hall £ £ £ £ £ 40,444 - - 16,009 56,453 3,574 - 103,770 531 107,875 6 25 219 55 305 33 - - - 33 Designated funds |
|---|---|
| 44,057 25 103,989 16,595 164,666 |
|
| 900 - - - 900 115,683 - 38,508 27,780 181,971 |
|
| 116,583 - 38,508 27,780 182,871 |
|
| (72,526) 25 65,481 (11,185) (18,205) |
13
Parochial Church Council of ST MARY BROOKFIELD
Notes to the Financial Statements For the year ended 31 December 2021
Statement of Financial Activities for Restricted Funds
| INCOMING RESOURCES Voluntary Income Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income Tax Recoverable Other donations Grants Activities for generating funds Fund raising Sundry income Income from Investments Interest on funds with CBF Total Incoming Resources Resources expended Charitable activities Charitable giving (see note 15) Cold weather shelter Presentation Professional fees for church wall and extension project Church costs Sundry costs related to community lunch Maintenance of fabric Church maintenance Utilities Insurance Maintenance of worship Music Purchase of music Organists Crucifix Upkeep of services Depreciation Total resources expended Net incoming (outgoing) resources Balances brought forward Balances carried forward |
Elsie Huxley Music Fund Vestments fund and altar frontals Flower Funds and Christmas decorations Church wall and extension fund Cold Weather shelter Fund Charities Funds Computer fund Community Lunch Fund Crucifix Fund Church wardens' fund £ £ £ £ £ £ £ - - 234 - - - - - - - - - - 519 1,550 843 40 102 - - 1,350 - 130 387 211 10 26 - - 337 - - 380 175 19 - 65 - - - - |
Total 2021 £ 234 - 4,404 1,101 639 |
|---|---|---|
| 649 2,317 1,229 19 50 193 - - 1,687 - |
6,144 |
|
| 649 2,317 1,229 19 284 193 - - 1,687 - - - - - - - - 9,984 - 12,000 - - - - - - - - - - - - - - - - - - - - 2 - - 1 - - - - - - |
6,378 |
|
21,984 - - 3 |
||
| 651 2,317 1,229 20 284 193 - 9,984 1,687 12,000 |
28,365 | |
| - - - - 1,000 241 - 4,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 999 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
5,241 - - - - 999 - - - |
|
| - - - - - - - - - 1,045 - - - - - - - - 12,010 - - - - - - - - - - - - - - - - - - - - - - - - - 1,687 - - 1,317 - - - - - - |
- 13,055 - - 1,687 1,317 |
|
| 1,045 - 1,317 - - - - - 1,687 12,010 - - - - - - 157 - - - |
16,059 157 |
|
| 1,045 - 1,317 - 1,000 241 157 4,999 1,687 12,010 |
22,456 | |
| (394) 2,317 (88) 20 (716) (48) (157) 4,985 - (10) |
5,909 | |
| 3,657 - 88 2,959 1,961 48 157 - - 441 3,263 2,317 0 2,979 1,245 0 - 4,985 - 431 |
9,311 15,220 |
14
Statement of Financial Activities for Restricted Funds: Comparatives for 2020
| INCOMING RESOURCES Voluntary Income Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income Tax Recoverable Other donations Grants Activities for generating funds Fund raising Sundry income Income from Investments Interest on funds with CBF Total Incoming Resources Resources expended Charitable activities Charitable giving (see note 15) Cold weather shelter Presentation Professional fees for church wall and extension project Church costs Maintenance of fabric Church maintenance Utilities Insurance Maintenance of worship Music Purchase of music Organists Upkeep of services Depreciation Total resources expended Net incoming (outgoing) resources Balances brought forward Balances carried forward |
Elsie Huxley Music Fund Vestments fund Flower Funds and Christmas decorations Church wall and extension fund Cold Weather shelter Fund Charities Funds Computer fund Presentation Fund Church wardens' fund £ £ £ £ £ £ £ - - - - - - - - - - - - - 420.00 350.00 25.00 - - - - - 105.00 87.50 6.25 - - - - - - 98.26 33.58 481.36 152.06 - 250.00 - |
Total 2020 £ - - 795.00 198.75 1,015.26 |
|---|---|---|
| - 525.00 535.76 33.58 512.61 152.06 - 250.00 - |
2,009.01 | |
| - 525.00 535.76 33.58 512.61 152.06 - 250.00 - - - - - - - - - 14,000.00 - - - 74.57 456.50 - - - - - - - - - - - - - 14.47 - - 40.29 - - - - |
2,009.01 | |
| 14,000.00 531.07 - 54.76 |
||
| 14.47 525.00 535.76 108.15 1,009.40 152.06 - 250.00 14,000.00 |
16,594.84 | |
| - - - - - 152.06 - - - - - - - 953.53 - - - - - - - - - - - 250.00 - 11,039.66 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
152.06 953.53 250.00 11,039.66 - - - - |
|
| - - - - - - - - - - - - - - - - - 11,230.00 529.18 - - - - - - - - - - - - - - - - - 555.05 448.26 - - - - - 2,340.66 |
- 11,230.00 529.18 - 3,343.97 |
|
| 529.18 555.05 448.26 - - - - - 13,570.66 - - - - - - 281.10 - - |
15,103.15 281.10 |
|
| 529.18 555.05 448.26 11,039.66 953.53 152.06 281.10 250.00 13,570.66 |
27,779.50 | |
| (514.71) (30.05) 87.50 (10,931.51) 55.87 - (281.10) - 429.34 |
(11,184.66) | |
| 4,170.80 30.05 - 13,891.85 1,906.25 48.00 437.80 - 12.34 3,656.09 0.00 87.50 2,960.34 1,962.12 48.00 156.70 - 441.68 |
20,497.09 9,312.43 |
15