ECCLESIASTICAL PARISH OF ST MARY BROOKFIELD
FINANCIAL STATEMENTS
OF
THE PAROCHIAL CHURCH COUNCIL REGISTERED CHARITY NO. 1136821
FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022 until the date of this report are:
Incumbent:
Fr Damien Mason (Chair)
Wardens: Peter Dann Ian MacGregor
Representatives on the Deanery Synod Lucy Boyd Nicola Pittam (from 13 March 2022)
Elected Members
Oliver Butt Nicholas Bethune (Vice Chair) Ruth Godwin (until 13 March 2022) Denise Sealy (until October 2022) Mark Williams (until 13 March 2022) Thomas Loyn Noel Casey William Johnson Lydia Kember Marie Papworth (from 13 March 2022)
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 7 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 congregation.
Aim and Purposes
The Parochial Church Council (PCC) of the Parish of St Mary Brookfield, has the responsibility of cooperating with the incumbent, Fr Damien Mason, in promoting the Christian faith and the whole ministry of the Church, pastoral, evangelistic, social and ecumenical. 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 Mary’s and to become part of our community. Our services put faith into practice through word and sacrament.
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. Our vision is:
-
to see those in our pastoral cure come to worship God, Father, Son, and Holy Spirit, through regular attendance at Mass and other public worship, and through daily personal prayer;
-
to build and nurture a strong and attractive Christian community whose values are shaped by the teaching of the Lord Jesus Christ;
-
for all members of our church to grow in their Christian faith and discipleship through study of the Bible, with preaching and teaching based on Catholic doctrine and practice;
-
Reaching out to the wider community and partnering with local organisations;
-
to offer teaching and care for children and young people and to encourage them to be brought up in the faith with opportunities to explore matters of faith and participate in the life of the Church.
Achievements and performance
Electoral Roll
There are 74 names entered on the Roll.
Review of the year
In 2022 we continued with the work and mission of the parish in the objectives set out above. Much has been achieved throughout the year. 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 continues to remain 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 2022 was 46, and 8 children.
There were 104 communicants on Easter Day and 177 people in attendance on Easter Day and at the
2
Easter Vigil. Christmas communicants numbered 131 with a total of 352 worshipping on Christmas Eve and Christmas Day.
We have seen growth over the past year in terms of numbers on Sundays. Several new and active members have joined the community including a number of families. The main festivals of Christmas and Easter continue to attract people within the parish to worship at those times. We should also note a number of significant services in the year, including a Solemn Requiem for Her late Majesty, Queen Elizabeth II. Remembrance Sunday, the Advent Carol Service and Crib Service have grown in popularity.
Music plays an important part in worship on Sundays and at major solemnities and feasts throughout the year. Our organist and choir maintain high standards, appropriately supporting the liturgy and provide continuity. The high quality of choral singing attracts people to worship in St Mary’s and is a key feature of what we do.
We have included a number of extra services and events this past year. Also, children continue to play their part in congregational life with weekly Sunday School and other activities on offer.
Discipleship & Faith
There were 6 Confirmations and 3 Baptisms in 2022. 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. Our main study group this year read and studied Jonathan Sacks’ book Morality over six sessions.
Pub Sunday is a regular monthly meeting for fellowship following Sunday Mass. We regularly have between 10-20 people attend.
Our main focus of teaching is the preaching ministry on Sundays. We increasingly see people who are new to faith or who have never encountered the kind of religion we offer at St Mary’s.
Communication in the parish is maintained via the weekly parish email newsletter. Additional teaching material is provided within the newsletter. Contact was also maintained via telephone, and by visiting. There are around six people who receive Holy Communion at home and are visited regularly.
Young People
Our Sunday provision for children has continued in 2022. We now regularly see between 10 and 15 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 Wellbeing Café now runs three days a week seeing around 40-50 people at each lunch. These sessions were enhanced at the end of 2021 with a National Lottery Grant, which we used throughout 2022 to provide music and activities for those who attend, and improve the facilities.
All Aboard: stay & play for under 5’s now runs four days a week and we see over 100 children over the course of the week. This is proven to be a great way to intereact with local people tackling various kinds of need and breaks down barriers.
Both outreach projects continue to be run in partnership with Highgate Newtown Community Partners (HNCP), a relationship that continues to be fruitful and an effective way of working with our local community.
We also host 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 and began to prepare for the shelter being hosted in St Mary’s from January 2023.
Transforming our Building
The 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 culminated in a visit from the Diocesan Advisory Committee (DAC) and other amenity societies, including Historic England, the Church Care Council, and the Victorian Society. We received positive and constructive feedback on our proposals. Further work will be done in early 2023 responding to the Diocese and other interested parties.
In preparation for the Winter Shelter, we installed an additional lavatory in the bell tower, removed the 1980s dais in the nave (under faculty), relaid tiles in the central and side aisles of the church, with a few repairs to paving outside the main door and bell tower room.
We continued with our programme of restoring the ornaments and fabric of the church. A new altar frontal was purchased, candles were improved and replaced, and building and grounds cared for adequetly throughout the year.
3
A significant improvement in finances comes from successful negotiations of a new lease with new tenants (from August 2022) for the Church Hall. The hall continues to be a major source of income for the parish. This income allows us to fund much of our work at St Mary’s.
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 hall tenant is prevented from opening, the church’s income would be severely affected. Despite 2022 being a year of transition and the risks attached to putting the church hall on the market for let, transactions have run smoothly and we have managed to minimize length of vacancies.
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.
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 Mary’s takes safeguarding seriously in the context of our belief that we are all unique, valued, and made in God’s 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 Children’s champion. Noel Casey was appointed Church Safeguarding Officer at the beginning of 2022.
Reserves policy
2021, the church’s reserves had reduced by £8,356. The church has sufficient funds in the Church Hall fund: £75,382 (2021: £71,343)) to cover maintenance needs and other liabilities.
In addition, the PCC holds cash reserves on the general fund: £8,809 at 31 December 2022 (£20,399 at 31 December 2021)) 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 2022 decreased by 0.08% on the previous year. Total voluntary income decreased by 3.3% and total income increased by 12.24%.
£234,867 (2021: £175,843) was spent during the year, including the contribution of £60,000 (2021: £58,025) to the diocesan Common Fund. The net result for the year was a loss of £12,978 (2021: a surplus of £21,479).
The PCC has agreed to the diocese’s request that common fund contributions for 2023 should, if possible, be increased. Accordingly, the parish will contribute £70,000 to the Common Fund for 2023.
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 2023 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.
FR DAMIEN MASON
At the end of the year, the PCC had cash reserves of £105,399 (2021: £113,755), of which £14,763 (2021: £15,652) 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
Fr Damien Mason
4
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 2022, which are set out on pages 6 - 15, following an examination carried out in accordance with section 145 of the Charities Act 2011 (“the Act”).
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.
It is my responsibility to:
-
examine the accounts under section 145 of the Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner ’ s report
believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Act; and
-
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.
Heather Cheesman FCA 104 Stockbridge Road Chichester West Sussex PO19 8QP
24[th] February 2023
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 ‘a true and fair view’ 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 2022
| Notes | Unrestricted Funds Restricted Funds Music Memorial fund Church Hall Fund Designated Funds |
2022 2021 TOTAL FUNDS |
|---|---|---|
| INCOME Donations and legacies 3(a) Trading activities 3(b) Investment income 3(c) Church activities 3(d) Other income 3(e) |
£ £ £ £ £ £ 68,261 - - 21,603 89,864 92,954 15,579 - 113,599 814 129,992 103,709 29 84 723 75 911 38 1,122 - - - 1,122 621 - - - - - - |
|
| TOTAL INCOMING RESOURCES | 84,991 84 114,322 22,492 221,889 197,322 |
|
| EXPENDITURE Costs of raising funds 4(a) Church activities 4(b) |
1,677 - - - 1,677 923 175,158 - 35,380 22,652 233,190 174,920 |
|
| TOTAL EXPENDITURE | (176,835) - (35,380) (22,652) (234,867) (175,843) |
|
| NET MOVEMENT IN FUNDS | (91,844) 84 78,942 (160) (12,978) 21,479 |
|
| TRANSFER OF FUNDS RECONCILIATION OF FUNDS BALANCES BROUGHT FORWARD AT 1 JANUARY 2021 |
80,000 (80,000) 595,920 6,361 148,093 15,220 765,594 744,115 |
|
| BALANCES CARRIED FORWARD AT | 584,076 6,445 147,035 15,060 752,616 765,594 |
|
| 31 DECEMBER 2021 | ||
| The notes on pages8- 15form part of these accounts. |
6
Parochial Church Council of St Mary Brookfield
BALANCE SHEET At 31 December 2022
| 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 |
2022 2021 £ £ 658,189 651,952 3,613 8,770 70,113 69,203 35,286 44,552 |
|---|---|
| 109,012 122,525 (13,430) (8,883) |
|
| 95,582 113,642 |
|
| 753,771 765,594 753,771 765,594 585,175 595,920 6,445 6,361 147,091 148,093 |
|
| 738,711 750,374 15,060 15,220 |
|
| 753,771 765,594 |
Approved by the Parochial Church Council on 19 February 2023 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.
7
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
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, an Energy Fund, for utilities costs 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.
8
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
INCOMING RESOURCES
| 3 INCOMING RESOURCES Incoming resources from generated fund 3(a) Voluntary Income Planned giving: Gift Aid Donations Income tax recoverable Other planned giving Collections Gift Aid Small Donations Scheme Sundry donations Gift Aid Income tax recoverable Other donations Grants (see further note 11) Legacy 3(b) Activities for generating funds Trading income (see further note 12) Rental and letting income (see note 13) Fund-raising activities (see note 14) Sundry income Miscellaneous Utilities payments 3(c) Income from investments Interest on funds with Central Board of Finance Interest from Inland Revenue 3(d) Incoming resources from charitable activ Bible Reading Fellowship notes Fees 3(e) Other ordinary incoming resources Insurance claims TOTAL INCOMING RESOURCES |
TOTAL FUNDS Unrestricted funds Restricted funds General funds 2022 2021 Church music Church hall £ £ £ £ £ £ s 23,960 - - - 23,960 23,685 5,985 - - - 5,985 5,924 882 - - - 882 1,478 Designated funds |
| 30,827 - - - 30,827 31,087 3,744 - - 1,582 5,326 2,933 1,513 - - 212 1,725 1,004 22,371 - - 1,305 23,676 26,855 5,598 - - 326 5,924 6,714 4,208 - - 1,537 5,745 2,377 |
|
| 32,177 - - 3,168 35,345 35,946 - - - 16,641 16,641 21,984 - - - - - - |
|
| 68,261 - - 21,603 89,864 92,954 |
|
| 13,929 - - - 13,929 6,589 - - 107,315 - 107,315 91,606 1,340 - - 814 2,154 355 310 - 2,118 - 2,428 - - - 4,166 - 4,166 5,159 |
|
| 15,579 - 113,599 814 129,992 103,709 |
|
| 29 84 723 75 911 36 - - - - - 2 |
|
| 29 84 723 75 911 38 |
|
| ities 30 - - - 30 - 1,092 - - - 1,092 621 |
|
| 1,122 - - - 1,122 621 |
|
| - - - - - - 84,991 84 114,322 22,492 221,889 197,322 |
9
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
| 4 EXPENDITURE Costs of generating funds 4(a) Costs of raising funds Costs of stewardship Costs of fundraising Advertising 4(b) Church activities Charitable giving (see further note 15) Ministry Diocesan Fund Clergy expenses Vicarage telephone Hospitality Cold Weather Shelter Study material Ministry to children Website Sundry costs Computer equipment and software office supplies Presentation Printing Vicarage costs Vicarage maintenance Vicarage utilities Church and Hall costs Maintenance utilities Insurance Major works Professional fees re proposed major works Professional fees Church and hall manager's costs Church and hall legal and admin co Upkeep of services Music costs Organists Repair & refurbishment of candles et New crucifix Purchase of altar frontals and vestments Other service costs Movable furnishings and equipment Depreciation Governance costs Independent examination Total expenditure on charitable activities TOTAL RESOURCES EXPENDED |
TOTAL FUNDS Unrestricted funds Restricted funds General funds 2022 2021 Church music Church hall £ £ £ £ £ £ 19 - - - 19 74 952 - - - 952 205 706 - - - 706 645 Designated funds |
|---|---|
| 1,677 - - - 1,677 923 |
|
| 50 - - 440 490 5,241 60,000 - - - 60,000 58,025 798 - - - 798 802 1,030 - - - 1,030 968 1,980 - - - 1,980 1,020 - - - 69 69 - 394 - - - 394 255 818 - - - 818 380 250 - - - 250 250 3,422 - - 898 4,320 4,534 460 - - - 460 152 721 - - - 721 743 304 - - - 304 131 2,521 - - - 2,521 1,614 |
|
| 72,698 - - 967 73,665 68,874 445 - - - 445 395 312 - - - 312 302 |
|
| 757 - - - 757 697 11,141 - 11,894 576 23,611 20,192 13,395 - 5,740 3,511 22,646 16,433 7,084 - 2,798 - 9,882 8,787 23,658 - - - 23,658 - 473 - - - 473 1,734 - - 11,304 - 11,304 971 12,420 - - - 12,420 11,332 s 852 - 1,800 - 2,652 4,436 |
|
| 69,023 - 33,536 4,087 106,646 63,885 9,303 - - 13,160 22,463 15,357 8,080 - - - 8,080 7,580 c 5,386 - - - 5,386 1,882 - - - - - 1,718 1,211 - - 2,329 3,540 2,330 5,157 - - 1,669 6,826 4,431 |
|
| 29,137 - - 17,158 46,295 33,298 2,693 - 1,844 - 4,537 2,125 |
|
| 2,693 - 1,844 - 4,537 2,125 800 - - - 800 800 |
|
| 175,158 - 35,380 22,652 233,190 174,920 |
|
| 176,835 - 35,380 22,652 234,867 175,843 |
5 STAFF COSTS/PCC EXPENSES
During the year the PCC employed a Church Manager and engaged the services of organists. Neither received £50,000 p.a. or more for their services. The church manager was paid £11,633 for his services, and £436 was contributed to his pension. The organists were paid £8,080 for their services.
During the year the vicar was reimbursed travelling and administrative expenses of £798.49.
6 RELATED PARTY TRANSACTIONS
During the year £17,215 was received by way of donations from members of the PCC. A member of the PCC, a professional musician, was paid £100 for playing the piano for the commmunity lunch and for those attending the "Stay & Play". No expenses have been paid to any member of the PCC, except for clergy expenses disclosed in note 5.
10
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
7 FIXED ASSETS FOR USE BY THE PCC
| Tangible fixed assets Actual / Deemed Cost Depreciation Net Book Value The freehold land and buildings comprise t of the cost of rebuilding, valued for insuran The additions to church equipment consiste 8 DEBTORS Brookfield Press Debtors HM Revenue & Customs GB News York Rise Nursery School Wildwood Nature School Ltd Anais Crane and Sam Hackwood (hall flat 3) Deidre, Rashid and Soumiya Rettali (hall flat 1) |
TOTAL ASSETS Freehold land and buildings Fixtures and Fittings Other church equipment 2022 £ £ £ £ At 1 January 2022 643,196 27,654 7,829 678,679 Correction - - - - Additions - - 10,774 10,774 At 31 December 2022 643,196 27,654 18,603 689,453 At 1 January 2021 - 18,898 7,829 26,727 Charge for the year - 1,844 2,693 4,537 At 31 December 2021 - 20,742 10,522 31,264 At 31 December 2021 643,196 8,756 - 651,952 At 31 December 2022 643,196 6,912 8,081 658,189 he church hall at York Rise. For accounting purposes the hall is valued at cost (taken as the insurance ce purposes at 31 December 1998 at £580,000, together with the cost of structural alterations made in d of a dishwasher (£2,724), a laptop computer (£1,479), a defibrillator (£1,259) and a photocopier (£5, TOTAL FUNDS Unrestricted funds Restricted funds General funds Designated funds 2022 2021 Church hall £ £ £ £ £ 400 - - - 400 210 881 - - 357 1,238 1,608 - - - - - 1,000 - - - - - 5,014 - - 1,667 - 1,667 - - - 308 - 308 488 - - - - - 450 |
TOTAL ASSETS Freehold land and buildings Fixtures and Fittings Other church equipment 2022 £ £ £ £ 643,196 27,654 7,829 678,679 - - - - - - 10,774 10,774 |
|---|---|---|
| 643,196 27,654 18,603 689,453 - 18,898 7,829 26,727 - 1,844 2,693 4,537 |
||
| 1,281 - 1,975 357 3,613 8,770 |
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). The additions to church equipment consisted of a dishwasher (£2,724), a laptop computer (£1,479), a defibrillator (£1,259) and a photocopier (£5,312).
9 CURRENT LIABILITIES
| LIABILITIES | |
|---|---|
| British Gas Sarah Parfitt Fr Damien Mason Charles Farris Ltd David Terry Dee Retali Hayes & Finch Nicholson & Co Ltd London Diocesan Fund New Journal Enterprises Canon UK Ltd |
Unrestricted funds Restricted funds General funds Designated funds 2022 2021 Church hall £ £ £ £ £ 4,645 - 280 - 4,925 3,577 700 - - - 700 200 310 - - 60 370 1,201 1,720 - - - 1,720 1,962 950 - - - 950 955 - - 150 - 150 - - - - - - 302 10 - - - 10 535 448 - - - 448 - - - - - - 150 5,312 - - - 5,312 - |
| 14,095 - 430 60 14,585 8,883 |
11
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
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 2022 2021 Church Music Church hall £ £ £ £ £ £ 588,081 - 70,108 - 658,189 651,952 3,057 6,445 55,658 4,953 70,113 69,203 5,652 - 19,724 9,810 35,186 44,286 100 - - - 100 266 Designated funds Unrestricted funds |
|---|---|
| 8,809 6,445 75,382 14,763 105,399 113,755 1,281 - 1,975 357 3,613 8,770 |
|
| 10,090 6,445 77,357 15,120 109,012 122,525 (14,095) - (430) (60) (14,585) (8,883) (4,005) 6,445 76,927 15,060 94,427 113,642 |
|
| - - - - - - 584,076 6,445 147,035 15,060 752,616 765,594 |
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 grants from the Highgate Newtown Commmunity Centre and the diocese of London, in each case towards energy costs.
12
| St Pancras Church Lands Trust The National Lottery Fund Community Fund The Highgate Newtown Community Centre: grant London Diocese TRADING INCOME Brookfield Press Votive candles Refreshments Books and cards Stay and play MIND Camden Fee for use of church and churchyard Total |
2022 2021 £ £ 12,000 12,000 - 9,984 2,000 - 2,641 - |
|---|---|
| 16,641 21,984 |
|
| 2022 2021 £ £ 2,120 1,090 365 500 27 10 - 19 2,230 1,595 2,740 - 6,448 3,375 |
|
| 13,929 6,589 |
| 13 RENTAL AND LETTING INCOME Nursery School rent Wildwood Nature School Ltd Lettings Flat 1 rent Flat 2 rent Flat 3 rent |
2022 2021 £ £ 23,118 40,000 26,147 - 2,090 1,705 21,600 21,600 17,880 14,668 16,480 13,633 |
|---|---|
| 107,315 91,606 |
1 2
Parochial Church Council of St Mary Brookfield
Notes to the Financial Statements For the year ended 31 December 2022
| ING EVENTS Candles for All Souls Barbeque Just giving appeal 100 club |
2022 2021 General funds Restricted fund £ £ £ £ 210 - 210 140 - - - 215 - 814 814 - 1,130 - 1,130 - |
|---|---|
| 1,340 814 2,154 355 |
14 FUND-RAISING EVENTS
15 CHARITABLE GIVING
2022
The following payments were made to charity during 2022 from restricted funds:
| UNHCR (appeal for Ukraine) Save the children |
405 35 |
|---|---|
| 440 |
A further payment of £50 was made to the Anglican Shrine in Walsingham from general funds
16 2021 COMPARATIVES BY FUND
| INCOME AND ENDOWMENTS Donations and legacies Other trading activities Investment income Church activities TOTAL INCOME AND ENDOWMENTS EXPENDITURE Costs of raising funds Church activities TOTAL EXPENDITURE NET MOVEMENT IN FUNDS |
Unrestricted funds Restricted funds General funds 2021 Church Music Church hall £ £ £ £ £ 64,592 - - 28,362 92,954 6,944 - 96,765 - 103,709 3 3 29 3 38 621 - - - 621 Designated funds |
|---|---|
| 72,160 3 96,794 28,365 197,322 |
|
| 923 - - - 923 121,420 - 31,044 22,456 174,920 |
|
| 122,343 - 31,044 22,456 175,843 |
|
| (50,183) 3 65,750 5,909 21,479 |
1 3
Parochial Church Council of ST MARY BROOKFIELD
Notes to the Financial Statements For the year ended 31 December 2022
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 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 Energy Fund Community Lunch Fund Church wardens' fund £ £ £ £ £ £ £ £ £ - - 124 - 1,114 344 - - - - - - 212 - - - - 10 820 - 475 - - - - 2 205 - 119 - - - - - 715 - 726 96 - - |
Total 2022 £ - 1,582 - 212 - 1,305 - 326 - 1,537 |
|---|---|---|
| - 12 1,740 - 1,320 96 - - |
- 3,168 |
|
| - 12 1,864 - 2,646 440 - - - - - - - - 4,641 - 12,000 - - - - 814 - - - - - - - - - - - 36 - - 39 - - - - |
- 4,962 |
|
16,641 - 814 - - - 75 |
||
| 36 12 1,864 39 3,460 440 4,641 - 12,000 |
22,492 | |
| - - - - - 440 - - - - - - 69 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 898 - - - - - - - 576 - - - - - - - 3,511 - - - - - - - - |
- 440 - 69 - - - - - - 898 - 576 - 3,511 - - |
|
| - - - - - - - 4,087 800 - - - - - - - 12,360 - - - - - - - - - - - - - - - - - 2,329 1,669 - - - - - |
- 4,087 13,160 - - - 3,998 |
|
| 800 2,329 1,669 - - - - - 12,360 - - - - - - - - |
17,158 - - |
|
| 800 2,329 1,669 - 69 440 - 4,985 12,360 |
22,652 | |
| (764) (2,317) 195 39 3,391 - 4,641 (4,985) (360 |
) (160) |
|
| 3,263 2,317 - 2,979 1,245 - - 4,985 431 2,499 - 195 3,018 4,636 - 4,641 - 71 |
15,220 15,060 |
1 4
Statement of Financial Activities for Restricted Funds: Comparatives for 2021
| 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 1,100 639 |
|---|---|---|
| 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 |
22,455 | |
| (394) 2,317 (88) 20 (716) (48) (157) 4,985 - (10) |
5,910 | |
| 3,657 - 88 2,959 1,961 48 157 - - 441 3,263 2,317 - 2,979 1,245 - - 4,985 - 431 |
9,310 15,220 |
1 5