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2021-12-31-accounts

ANNUAL REPORT 2021

ADMINISTRATIVE INFORMATION

St Catherine and St Paul, Leyton is a Church of England Church situated at 1 49 Canterbury Road, Leyton, London E10 6EH. It is p art of the Deanery of Waltham Forest, w ithin the Diocese of Chelmsford.

The Parochial Church Council (PCC ) is a registered charity (1137601)

PCC members who have served du r ing the year 2021 Chair: Revd Wil l iam Donoghue Secretary: Olumayo w a Soluade Wardens: Rae Willi a ms Sheena C olleen Merchant Treasurer: Michael H enry Representatives on Cheryl R e id Deanery Synod:

Elected Members: Kovalan P aramanantham Lucy Ve n n (from May 2021) Michael H enry Olumayo w a Soluade Sean Walter-Browne Simon H a rris Sarah-Jane Rufus (until May 2021) Victoria T orrance Yasmin A llen

Key Management Personnel:

Those in charge of directing, co n trolling, running and operating the Charity o n a day to day basis over 2021 have been Rev Willia m Donoghue (Chair and Vicar); Joey Mitch e ll (Youth Worker); Michael Henry (Treasurer; Ruby Marwat (Under5s Business Manager; Iva Juma (Under 5s Leader) and Harshine Wanasun d ra (Under5s Deputy Leader).

Bankers Barclays Bank PLC

CCLA Fund Management ltd

Independent Examiner Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB

TSB Bank plc

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STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is registered with the Ch a rity Commission and operates under the C harities Act 2011. The governing documents for the ch a rity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Repr e sentation Rules.

The appointment of PCC members i s governed by, and set out in, the Church R epresentation Rules. The PCC comprises ex-officio mem b ers (which includes clergy and churchward e ns), elected members and co-opted members. T he PCC organise elections annually befor e the Annual Parochial Church Meeting (APCM) t o fill vacancies.

OBJECTIVES AND ACTIVITIES

As mission and ministry continues a t Cornerstone, we are committing ourselves as a church to grow in the following four areas as we se e k to step up and step out as we love and serve the people of East London.

As a church we have four key priorities or areas of focus to help us achieve our mission statement

Discipleship & Pastoral support

FUTURE PLANS

Key to developing our mission in 20 2 2 and beyond is to transition further to a c h urch where young people and their families are front a n d centre in the mission and ministry of the c hurch. We are so thankful for the excellent childrens a n d youth work already being delivered at C o rnerstone, but we are aware that for the church to gro w we need to deliberately and intentionally develop this ministry further. To help facilitate this we hav e set up a steering group to re-envision an d develop our long term strategy with young people, as w ell as developing new initiatives such as a Friday night youth club; an after school give away to th e children and families of Barclay school; s p ecial children events and developing our monthly family s e rvice. This aligns strategically with the Ch u rch of England’s vision to be a church that is younger and more diverse.

Our social action will be primarily led by the further development of the Baby Bank, which is providing a vital means of material, emotional a nd spiritual support that is unique in this a r ea. We intend to further grow our volunteer base thro u gh partnering with other organisations and draw upon available external funding. It is our intention through an external grant to employ a new c o ordinator to lead this work.

For the older folks TLC will remain a place of friendship and food, but we will al s o be trialling a new weekly coffee morning to open the c h urch as a place where the community bot h young and old can gather.

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Key to growing our inner life will be t h e creation of a new prayer and worship sp a ce where those who are hungry for more can encounter G od and grow in spiritual gifts. The late Joh n Wimber coined the phrase when thinking about the chu r ch and spiritual gifts; ‘everyone gets to pla y ’. That is our hope for this space that everyone can play, g r ow and contribute. Towards the end of 20 2 1 we relaunched our men’s ministry and we intend to dev e lop this further as we seek to uplift, suppo r t and encourage the men in our church and community. W e also want to encourage more people to c onnect into midweek life groups as we seek to take our p e rsonal growth and discipleship more seriously.

Cornerstone is a church which is truly diverse in so many ways. We truly are a m ulticultural and multigenerational people. As future plans are developed, we will ensure that the cult u ral make up of our church is represented in leadership r oles and that the older generation are liste n ed to and celebrated.

ACHIEVEMENTS & PERFORMANCE

The Trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commi s sion. The next sections report on our achievements and performance in various areas of our w ork.

CHURCH ATTENDANCE

The Electoral Roll currently stands a t 87.

Church attendance averaged 67 (ad u lts and children) pre lockdown in March a n d 49 over the period September to December. During th e periods of lockdown, we streamed the ser v ice on YouTube and averaged 149 views/service

VICAR’S REPORT

The year started with us in the third n ational lockdown. Although we were not required by law to stop meeting in person, the strong advice from both the Church of England and the c ouncil was to postpone in person services. Like th e vast majority of local churches, we took t h e decision to move our services exclusively online. Alth o ugh online can never fully replicate our in- p erson experience, we still enjoyed some it benefits. It was w onderful to have many different people in v olved sharing and taking part in the different parts of th e service. Special thanks should be given t o Godfrey and family for the many worship videos they cr e ated and to Kovalan for facilitating so muc h of the necessary tech.

As we approached Easter time, we b egan to open up the building more and ov e r Holy Week began church services in the building, inclu d ing a well-attended Maundy Thursday wor s hip evening and a reflective Good Friday service. East e r Sunday was without doubt one of the hig h lights of the year as with a sense of joy and celebration w e regathered after lockdown outdoor in the carpark and celebrated the risen King.

At the start of the year we shared on the vision to step up and step out in our lo v e for God, love for one another and love for the people of Leyton and beyond. Throughout 2021 w e were able to do this in really meaningful ways. Our Holid a y Hunger project in partnership with our t w o local primary schools continued providing vital foo d supplies for struggling families. This was p rincipally during the school holidays but after securing a d ditional funding we were able to support th e se families over the summer term as well. Special thank s should be given to Runa, Mayowa and Lindsey for leading and developing this project to be the suc c ess that it has been.

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We stepped up and stepped out thr o ugh our Baby Bank providing baby essenti a ls and support for families facing hardship. After securing external funding we were able to emplo y Adam to coordinate the project and have been able to h e lp around 100 families over the year. We w ere also able to start a drop in on Thursday mornings for p arents and babies, providing a place of fri e ndship, advice and support.

We stepped up and stepped out thr o ugh running of two children’s holiday clubs in May and August which were particularly focused on l o cal families who needed support during th e school holidays. After many months of the building n o t being used it was such a joy to see the c h urch full of children having fun and the building being us e d in a way that shows the love of Christ. We stepped up and stepped out thr o ugh our continued work with young people and the chaplaincy support that we provide at Leyton Si x th College.

During Lent we were able to run the Sanctuary Course which explores how as C hristians we can better understand mental health and love and support those within the church f o r whom this is an issue.

Over the course of the year as is the case in the life of any church we said fare w ell to much loved members of the church notably Alex and Abbie Haward and Alicia & Sean as th e y left London.

Following a consultation at the end o f 2020 we were able to implement a restru c ture of our staff team. As part of this Barbara our Buildings Services Manager of over twenty years op t ed for a redundancy payment and then retired in March. I t was wonderful being able to celebrate her departure at one of our early services after lockdown. T h e staff restructuring also saw Jade Hope d e parting as the role of Operations and Mission Manager w a s made redundant. Tracey Brandon succe s sfully applied for the newly created role of Verger and in O ctober Jayne Perridge started as new tem p orary Parish Administrator.

As the end of the year approached, w e were able to step up further as we host e d a succession of Christmas events which really enga g ed the community and brought many people through the doors of the church. Highlights were the in c redibly busy Christmas Fayre and of cours e our popular outdoor Community Carol service. The inau g ural Santa Parade on Christmas Eve was a very popular community event as we took Christ m as cheer around our local streets and rais e d money to support the Baby Bank. Due to the rise of inf e ctions owing to the Omicron variant we had to cancel some of the events we had planned for famili e s, but praise should be given to the staff t e am and our wonderful volunteers who adapted s o manfully to ensure we put on a series of e xcellent events. I always say that Christmas is our ch a nce to shine and this Christmas Cornersto n e shone very brightly!

2021 was a year of many challenge s , chief amongst them navigating the contin u ed pandemic and the staff changes. It is only now going in t o 2022 that we are beginning to fully unde r stand the affects that covid has had on our church in term s of our finances, building use and regular a ttendance. It undoubtedly feels like we are differe n t church to the one we were before covid. T his is a challenge and one that we have to face but we do so with faith and hope that God has not finished with us yet! But also, it presents us with new op p ortunities for growth and for the further buil d ing of God’s kingdom in our part of London. In th e midst of the pandemic, we set up significant projects that have loved our community and the scope f or these projects to continue reaching peo p le with the gospel is vast.

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Any church is ultimately about peopl e . It is not about buildings, projects or prog r ams, it is about people. Cornerstone is made up of special people who God has called and who God is equipping for his service. So many people volunte e r, serve and make everything happen at Cornerstone and we are so thankful for each and every o n e of you. But I do want to take this opport u nity to say a special thank you to some specific people. F irstly, our Church Wardens Rae and Shee n a continually go above beyond in serving us all and a re a constant source of friendship and enc o uragement to many. The staff team have worked so hard and have had to constantly change and ad a pt with the waves of covid. Cheryl continues to do an am a zing job in leading our childrens ministry o n a Sunday and Helen as our Parish Safeguarding r e p ensures that we continue being a church that is safe for all. And finally, our PCC are tireless and diligent in serving the church and acting a s trustees of the charity. A huge thank you to you all.

As we look forward, I believe that th e call of God on us is to continue stepping u p and stepping out. To do this I believe we to need to in c reasingly reposition ourselves to be a chur c h that is reaching young people and their families. Alr e ady there is so much to be thankful for, es p ecially the quality of kids work that we are able to provid e at our Sunday services as well as the gro w ing youth ministry here at Cornerstone Church. But we have the task ahead of us, through the po w er of the Holy Spirit to reach people, serve the lost and l o ve people into the Kingdom of God. Key to this will be our work with children, young people and thei r families. Therefore, we need to resource t h is area of ministry with time, money and energy and ta k e hold of the opportunities that God prese n ts.

The verse for 2022 is Psalm 118:24: This is the day the Lord has made; We will rejoice and be glad in it.

For us at Cornerstone this verse re m inds that every day, week, month and year is a gift from God and worth rejoicing in. But it also re m inds us of the importance of seizing the opportunity of each day and embracing the challenges and t h e blessings of moment. Like Esther in her o wn moment of history boldly spoke we are called for such a time as this!

Diocese and Deanery

At deanery and diocesan level there were a number of significant changes. In M arch Guli FrancisDehqani was consecrated as the ne w Bishop of Chelmsford overseeing our dio c ese. Closer to home Peter Hill our local area Bishop retir e d during the summer. As Bishop of Barkin g Peter was a great friend of Cornerstone and great enc o urager of our ministry in East London. Ma n y of you will remember him taking part in our onli n e services. In November it was announce d that Lynne Cullens had been appointed the new Bishop of Barking and she will be formally consec r ated as Bishop in early 2022. We look forward to welc o ming her to Cornerstone.

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Mission and Ministry Unit (MMU) & Citizens UK

At Cornerstone we are part of a Mis s ion Ministry Unit where we work in partner s hip with two other churches to help facilitate mission in our local area. The two churches are St M a ry’s Walthamstow and Chingford Parish Church. Despi t e very different theology and churchmanship between the three churches, the principal thing that hol d s us together is our commitment to Community Organising in partnership with Citizens UK. Our af f iliation to Citizens connects us into an allia n ce of Waltham Forest organisations and institutions that are committed to building the common good. Over 2021 this partnership continued to research a n d campaign in the areas of Affordable Hou s ing and Racial Justice with a number of people fro m Cornerstone involved in the latter. A big highlight of the year was undoubtedly the London Mayor Assembly where we joined with other boro u gh alliances from across the city to present to the two p rincipal mayoral candidates the ‘asks’ of o u r of our citizen members.

As an MMU owing in part to Covid-1 9 the sense of relationship and partnership between the three churches on a congregational level r e mains quiet. However, between the clergy of the churches there continues to be a sense of working t o gether and mutual support. In 2022 as thi n gs settle, we will explore afresh how we continue partnering together.

Bill Donoghue Vicar Cornerstone Church, Leyton

FABRIC REPORT

We started the year focusing on our external properties - Hainault Road, Essex Road flat and 30 Nottingham Road. In the previous year 2020, we had t o apply for new property licence for all the p r operties above. We were granted a new five-year licenc e for the church flat beginning January 2021. Unfortunately, Nottingham Road and Hainault Roa d properties which falls under HMO status w as only granted a one-year licence with conditions and compliance works that cost us over £10,0 0 0.00. Because of new regulation from the local council we needed to apply for new planning per m issions to acquire our full five-year licence. We went down the route of an LDC [Lawful Development C ertificate] application, because of our long hist o ry of multiple rentals for these properties. W e have now been granted our full five-year property lic e nce for both properties. On behalf of the p r operty committee, I just want to give a big thank you to John Stacey for his tireless work in helping t o obtain all the relevant documents and applying fo r the properties LDC. Thank you, John. The boiler in the flat is on its last legs and will need replacing v ery soon. We now have a new property management agent for Hainault Road property in place. All t he rooms are fully rented out. 30 Nottingham Road property is also fully occupied. Our yearly safety check for the chur c h building was carried out in February, foll o wed by some remedial works to acquire our safety certificates. In addition, regular maintenan c e work throughout the building. We have applied for a grant to cove r the cost of replacing our old Heating syste m . This will cost just over £50,000.00. Please to say that w e have been successful in our grant appli c ation with us required to put in 10% of the total co s t. Work is due to begin in early spring of t h is year. The hot water heater was replaced i n the coffee bar area. The old printer has b e en replaced and computer upgraded or replaced. Th e freezer in the main kitchen is broken and n eeds replacing.

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Flooring in the pre-school play area w as repaired, saving us the cost of laying n e w flooring. Our summer spring cleaning was carried out. This included, cleaning the entire dow n stairs carpets, and sanitising because of the ongoing vi r us; checking the guttering; tidying up of the foliage’s around the perimeter and cleaning the garden b e ds. Apply weed killer on paving. Repair outside community bench and repair to utility and storage bunker at the front of building. Thanks to Leon, Georgi and Modestas for their help around the building. Our five-year quinquennial inspectio n was carried out in July. The report was s a tisfying with no major issues. However, from the inspectio n report a list of recommended works was a d vised on including checking of our higher guttering and drainage. The water and sewage drainage inspection were carried out with a clean bill of health. The unused car park barrier boxes were r e moved, creating extra parking space. A long-standin g leak around the Velux windows needs to b e checked. Other tired looking paint work needs refreshing, amongst other minor works.

Thanks to the staff team and particu l ar to Tracey for her daily upkeep of the us e of the building. Blessings to all

Rae Williams

NIGHT SHELTER

The hard work, perseverance and in n ovation of the FCENS trustees and staff i n keeping the scheme running demonstrates a real passio n and deserve heartfelt recognition. Govern m ent guidance (and common sense) meant that Night sh e lter as it previously existed could not run a nd needed to be completely “reinvented” from the sta r t of Covid.

Volunteering opportunities are limite d , but a big thanks to Leon for helping with p roviding overnight cover. I thank those of you who hav e expressed a desire to help, but we have n o t been able to use.

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We do not know what form night sh e lter will take from October 2022, whether it will continue in a hotel or revert back to the old model of rotating around Churches (or something different). Please pray for the trustees as they start to p lan.

Sean Walter-Browne

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YOUTH & CHILDREN’S MINISTRY

Cornerstone Kids

Massive thanks to the team of Hele n , Jasmine, Lesley, Lindsey, Maureen, Mel a nd Sheena whose creativity, energy and flexibility have helped to keep Cornerstonekidz running, once lockdown measures were relaxed.

We have combined the two age gro u ps to meet the demands of Safeguarding r u les and Ofsted ratios which the children have adapted to w ell.

The sessions are a combination of w orship, games, crafts, prayer and teaching that mirrors the teaching that the adults are receivin g .

It continues to be a privilege to work with our young people who inspire us as th e y pursue the Kingdom of God in their own lives, t h eir families and at school.

We pray that God will continue to help these young people so that they can rea c h their full potential and discover their purpose in life

Please let Cheryl know if you can joi n the team to keep this work going.

Please pray:

Cheryl Reid

Youth Ministry

January 2021-January 2022

As you may or may not be aware, I ( J oey) work at Leyton Sixth Form College ( L SC) as well as Cornerstone Church, so will be detailing the work I do at both organisations. I w i ll use the abbreviation LSC when describing c o llege work and will refer to all work at Cor n erstone under the name Cornerstone Youth.

January – March; The year started in a national lockdown, so Youth Work at C o rnerstone was focused on engaging young people w ith Sunday and Tuesday zoom meetings, w here we looked at the beatitudes. Time was also spent helping prepare content for Sundays and d o ing doorstep visits. At LSC, Joey was able to maintain s o me mentoring and coaching relationships w ith students and staff via zoom and phone. Time was also spent creating content for social medi a , trying to encourage people in the challenge of lockdown. Cornerstone Youth also helped run a food bank for a small number of LSC students who were n ot able to access other food banks.

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March-April; As lockdowns gradually lifted, LSC opened, and it was good to be able to meet students in person. We saw an increase in need for support as many young pe o ple’s mental had struggled in the lockdown. Our TPA C group (Talk, Play and Chill) had many ne w people join seeking a place to connect. At Cornerstone, w e were able to resume Sunday Church an d Tuesday Youth Meetings in person, much to the joy o f everyone! Cornerstone Youth and students at LSC also took part in a Citizens listening campaign around mental health and race, which was very significant for all involved.

April -June; These months felt quit e special and almost a return to normality. L S C was open and without ‘Bubble systems’ which mea n t a lot more freedom for Youthwork. One o f the highlights at LSC, was the Life Skills training pro g ramme that we ran. 25 students attended a 10-week course looking at finance, sexual and ment a l health, higher education, and more. Ever y one who attended said they felt more confident about l e aving the college as a result! Cornerstone Y outh continued to grow, and we had some great time c onnecting indoors and outside. We also de v eloped a partnership with Youth East, an ecumenical net w ork for youth in Churches in East London, a nd had a great time attending the online summer party.

July – August; LSC broke up at the end of June, so Joey took some time off in July, before helping Cornerstone host a four-day holiday club for 30 children, which I will detail under Holiday Clubs. Cornerstone Youth then went on tour, with 12 of us going on a weekend away t o a spectacular Camp on the South Coast. Here we spent t ime playing wide games, going to the beac h , cooking on the fire, and reflecting on Jesus’ words to ‘N o t Worry.’ It was a special time in every sen s e, as some of the youth hadn’t camped before, and so m e hadn’t had a holiday for a couple of yea r s. We’ll definitely go back!

September – December; At LSC, Y outh Work was focused on welcoming new students, social prescribing and creating community. Various initiatives were trialled to connect s tudents, and lots of time was spent doing detached wor k , meeting people where they were. We wer e also able help contribute to 16 days of activism for t he elimination of violence against women. A t Cornerstone it was good to continue to build community on Sundays and Tuesdays and see new p e ople joining in both. It’s been great to welcome back Mark Fossey to Youth team, and Joey is forev e r indebted to; Gaby, Kovalan and Kokila for their faithfuln e ss and commitment throughout the year. We’ve seen some great leadership d evelopment from all the team, and an increase in people looking to volunteer. Joey hopes to recruit t h e whole Church!

January has already been a great m onth! At LSC, Joey has been helping stud e nts think about their next steps and we’ve seen the laun c h of a Christian Student Union, much to th e joy of the students attending. At Cornerstone, we’ve started up a Community Youth Club on Friday aiming to be a safe space for secondary aged young pe o ple. Our first few sessions have seen a nu m ber of local young people coming along to play games a nd socialise. It’s also been exciting challe n ge to recruit new team from across the Church, colleg e and community!

I am grateful to God for all that we h a ve seen in 2021, and look forward to what comes this year.

Joey Mitchell

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Holiday Clubs;

In May half term we held a two-day h oliday club for 20 children. We focused on the theme of freedom which felt poignant after the lockdo w ns we’d all experienced. We had different a ctivities such as arts and craft, sports, dance and served lunch. Every child who attended was impac t ed, and they asked us to run it for the whole week! The t eam was made up of 6 volunteers, who all s erved the children incredibly.

In August, we held a holiday club for four days. We chose an Olympic theme and 30 children attended. Each day had a teaching p oint on a different Olympic related theme a s well as the craft, sport and dance options. The highlight for many was doing a sports day at LSC! Once again, every child who attended was incredibly i m pacted, and we were asked to run it for the whole summer! The team was made up of 10 incredible v olunteers aged 15-60!

We were delighted to provide the ch i ldren with such a memorable time but also to have continued to build relationships with families that w e originally met through other community p rojects. We look forward to future Holiday Clubs!

Joey Mitchell

HOLIDAY HUNGER

It was an absolute privilege to co-or d inate the holiday hunger project during the spring and again during the summer holidays of 2021. With the support of an amazing team of d e dicated volunteers we managed to make weekly shopping deliveries to 18 families in the spring an d 10 families during the summer holidays. The spring d e liveries were funded by Waltham Forest an d the summer deliveries by Fresh Fields. The funding allowed us to provide each family with fr e sh fruit and veg, meat, as well as other essential items. The volunteers gave the project a real c o mmunity Spirit and many of the volunteers have continu e d to provide practical and emotional supp o rt to the families. the volunteers were mostly from The Cornerstone, Gateway church and Gwyn Jon e s school. There would be a team who would pack th e items as well as a delivery team. These d e liveries were an opportunity to chat and connect with the families.

A number of volunteers got involved in supporting the families at a higher level. Some examples of this are a volunteer provided suppor t through writing official letters to advocate f or two of the families suffering from extremely poor housi n g conditions. This led to offers of alternativ e accommodation and a landlord improving a property. An o ther volunteer provided significant support to a young family with a hospitalised premature baby. Ther e was a volunteer WhatsApp group which a llowed us to share prayer requests for the families as w e ll as testimonies and thank you messages from the families. We also managed to provide toys, cloth e s and furniture for families.

Runa Folkes

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BABY BANK

“Oh my….thank you so much. I don' t know how to thank you, thank you very m u ch, thank you” - Baby Bank user

Cornerstone Baby Bank has gone fr o m strength to strength through 2021. The team of volunteers grew with over 20 being involved ac r oss the year from sorting clothes, deliverin g baby parcels, fundraising and meeting and suppor t ing mums.

We have helped over 82 families thi s year with baby essentials including nappi e s, clothes, coats, blankets, bedding, buggies and lots o f more. We gave away well over 160 parc e ls, including 15 ‘new baby packs’. These new baby packs consist of a Moses basket with bedding, full of everything that baby needs when it is born: nappies , wipes, clothes, blankets and other essenti a ls.

Referrals came from a number of so u rces including Whipps Cross midwives, lo c al health visitors, social services, refuges and hostels a nd other local churches and charities.

Looking at the families we have helped, we have supported families from all ba c kgrounds, well over half are from UKME/GM backgroun d s, with over 21 different languages spoken at home between them.

Unfortunately we had to lose our co o rdinator Adam towards the end of the year as he got a new job and we didn’t have funding to replac e him. We have had some successful fundraising attempts including the Santa Parade and the C hristmas fair. The team are now seeking m ore long term funding to recruit a new coordinator in 2022.

In 2022 we look forward to helping e v en more parents, and growing our support to offer more than physical items. Our stay and play se s sions are restarting on Thursday morning s for mums with babies under 1 year old. We hope to be able to raise funds to recruit a coordina t or, and more volunteers so that we can support e v en more families. Thanks to everyone who has played their part this year!

Lindsey Donoghue

TUESDAY LUNCH CLUB (TLC)

In October after a long hiatus cause d by Covid we relaunched TLC. The team w ho would host and cook for TLC has seen some notabl e changes with Mavis after many years of s e rvice stepping down. Tracy Wye and Cheryl have been s h aring cooking duties which has given us a l o vely variety of dishes each week. Upon its resumption we were able t o welcome back all the regulars, as well so m e new faces. TLC remains a space where the older fol k in our community can gather and find a pl a ce of friendship, encouragement and of course delici o us food. Even in the short time since we r e sumed, we can see the blessing it is to people in our co m munity. A huge thank you to Mavis, Tracy a nd Cheryl for helping to make it happen each week.

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THURSDAY PRAYER DROP IN

Every Thursday evening Denise and Hazel continue hosting a prayer time in th e Cornerstone building. This is an opportunity to pr a y both for our church and community, but a lso for people to receive individual prayer ministry. T h is has been a really important time for man y people in our community who simply need some extra time for someone to stand alongside t h em in prayer as they face different life circumstances. Th e se prayer slots have provided a place of br e akthrough for many and as people have gathered to pra y there has been such a wonderful sense of the presence of God.

Testimony:

Last Thursday a person attended w ith back problems, Denise, Leon and Ha z el had received a word of knowledge on the Sunday and asked if they would come on Thurs d ay night for prayer. The person came for prayer and w e shared what God had told us, they pra y ed forgiveness and we anointed them with oil and pr a yed healing, they were healed. We rejoiced, gave thanks and prai s e unto the Lord. We told them they were worthy a n d the apple of Gods eye and that he Loved her with an everlasting Love. And they left rej o icing.

FLOWER WARDENS, MOTHERS’ UNION

These activities have been sadly do r mant during most of 2021 due to Covid res t rictions, they are expected to return to normal as rest r ictions are lifted.

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CORNERSTONE UNDER 5s PRE SCHOOL

Lockdown

January 2021, saw yet another lock d own, but Early years were asked to contin u e to remain open, Staff were very reluctant as no-one h ad any vaccinations, but they were amazing and just got on with it. Throughout the year staff have ha d their vaccinations, and most have had th e ir boosters. We have had one staff member leav e to staff a new job and have managed to r e cruit another experienced level 3 practitioner, wh o started in January 2022.

Occupancy

Occupancy levels for Spring Term 2 0 21 was 93%, this then raised to 95% in Summer term 2021. At the start of the academic term 2021, our occupancy level was 70%.

Complaints

No complaints to report.

Training, training plan and funding for training

Staff continue to complete their continued professional development. The preschool Leader will be undert a king level 5 training as ‘Advanced Early Y e ars Practitioner Lead’, this is 95% funded via the go v ernment.

Committee

No changes to the committee. We continued to meet via ZOOM to a ddress any issues or concerns.

Toddler Group

The toddler group re-opened in September 2021.

Christian Ethos

The Christian ethos continues to be e mbedded in everyday practice. We have a rota that allows staff to p a rticipate in Christian songs, stories and discussions. I would like to thank all the staff, ma n agement committee and parents.

Thank you

Ruby Marwat Under 5s Business M a nager

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FINANCIAL REVIEW

A top level overview of the financeso
f the		 church and the pre-school is set outb
elow:-		 pre-school is set outb
elow:-
Church Under5s
Income Unrestricted 156,224 163,300
Income Restricted 33,998 12,269
Total Income 190,222 175,569
Expenditure Unrestricted 161,947 153,752
Expenditure Restricted 49,055 12,269
Total Expenditure 211,002 166,021
Excess of Expenditure over In
come
20,780		 9,548-
Total Excess of Expenditureo
ver Income		 £11,2
32

COVID-19 continued to affect all as p ects of Cornerstone’s activities, including it s financial profile but post removal of most of the related H M Government restrictions (in England), the near-term outlook appears more sustainable although a s Omicron has highlighted, the virus remains a constant threat.

Unrestricted income (funds that are a vailable for General Mission / Ministry acti v ities) was £156,000 approx. representing a ~17.5% or £ 3 3,000 approx. reduction over the compara b le period (2020). It is appropriate to state however that thi s figure, similar to 2020, was influenced by f unding received from HM Revenue & Customs with respe c t to the ‘Coronavirus Job Retention Schem e ’ which inflated core receipts and as a result distorted the underlying position slightly. Excluding fun d s from that source (i.e. ‘CJRS’), the underlying year-on - year income reduction was ~8% (£12,900 a pprox.), where the main revenue channel affected was r egular donations which was down ~17.4% (£11,243) to £53,425.

Cornerstone’s principal revenue cha n nels are via donations in its various forms (service collections, regular giving etc.) and from propert y rentals (residential, commercial via the C o mmunity Centre), where the income split was consiste n t at around 40% (donations) versus 60% ( r entals) but during COVID-19, the composition altered s lightly; stripping-out the impact of CJRS fu n ding ‘Donations’ accounted for 35.4% of revenue (39.4% in 2020), while ‘Properties’ were at 64. 1 % (~60% in 2020).

Looking ahead and with a general r e sumption of pre-COVID-19 protocols plus C ornerstone’s recent adoption of ‘Parish Giving Scheme’, expectation is for improvement in ‘Donatio n ’ trends over time.

Similar to Cornerstone’s revenue rai s ing activities, COVID-19 had direct correla t ion with its spending dynamics, where there was reduced usage of the Community Building, in the e a rlier part of the year (prior to restrictions being removed) particularly. Expenditure reduced ~7% (£1 2 ,300) to £161,947.

Unrestricted Net Deficit was £5,700 a pprox. (vs. £15,000 Income in 2020), whic h while disappointing to realise a net operating outflow, against the adverse backdrop COVID-19 repr e sented, it might arguably be viewed as a favourable o utcome set against the headline forecast o f a £61,000 deficit (adjusting this by the cost of the Youth Worker, £30,000 approx. would still sho w a £31,000 deficit).

Actual year-end cash / liquidity posit i on was £145,864 (£166,644) but after adju s ting for ‘Restricted Funds’ of £24,960 (£40,017), Unrestricted Funds’ totalled £120,904 (£126,627); latter is comprised of ‘Parish Fund Current’ at £92,960 (£102,887) and the ‘Replacement Fund’, £27, 9 44 (£23,740).

14

An alternate liquidity representation i
llustrated in the Balance Sheet, is as follow
s:		 An alternate liquidity representation i
llustrated in the Balance Sheet, is as follow
s:
Bank and Cash Balances £
123,734
Other Net Assets
£2,830-
Unrestricted Funds £
120,904
Restricted Funds £
24,960
£
145,864

In order to provide full visibility ‘Total Funds’ (see Balance Sheet) and ‘Total Bal a nce Carried Forward’ (Statement of Finance Acti v ities) aggregate ‘Parish Capital’ (freehold a ssets; £360,900) providing an overall sum of £506,76 4 .

Looking ahead, the 2022 forecasts p roject ~£56,000 deficit, which if realised re d uces ‘Parish Fund’ to ~£37,000 from its 2021 year-end p osition of £92,960.

Under5s ‘Pre-School’ had Unrestrict e d Income of £163,300 (£163,005) similar t o the previous year. while its expenditure increased by 4.5 % to £153,752 (£147,089). Net Unrestri c ted Income was £9,548 (£15,916), so it finished the y ear with a strong balance of £99,190 (£89, 6 42).

Reserves

The trustees have undertaken a full r eview of our reserves in February 2022 an d decided to calculate reserves as following:-

There are four factors to the revised calculation. The first two are to cover any unexpected catastrophes; the next is to cover th e shortfall in our annual budgets and finally t he use of restricted funds.

  1. To cover 3 months of essenti a l expenditure on “Church”
Salaries and Administration £22,00
0		 Salaries and Administration £22,00
0
Running the Building £13,0
00
2. The Under5s have a higher co
st		 of salaries and are vulnerable to change
s in the number of
children attending and we hav
e reconfirmed existing decision of a reserve
to cover essential
expenditure. £55,0
00
3. Our net budgeted deficits onu
nrestricted funds are
2022 £56,0
00
2023 £57,0
00
4. We have restricted funds that
can be used to finance the salary of the you
th worker that is
budgeted under unrestricted. -£12,00
0
Total required reserves £191,0
00

Actual total reserves held are £192,150 which is consistent with our required re s erves shown above.

Cornerstone’s Trustees are aware t h at 2022 budgeted expenditure is greater th a n income and hence, work is ongoing to ensure th a t, in the future, the charity achieves a bala n ced budget. It should be noted that Cornerstone o w ns two commercial properties that could b e sold if required; these assets continue to be recorde d on Balance Sheet against historical mark e t valuations.

Taking into consideration all of the a b ove, the Trustees are confident the Charit y remains a viable going concern.

15

RISK STATEMENT

In common with other churches and charities the PCC faces risks, be they oper a tional, financial or reputational. The PCC continues to c onsider the major areas of risk to which it i s exposed, measuring both the likelihood and impact of a p a rticular event or action and will continue to manage any risks. This will involve regular reviews in identification, assessment and monitoring.

STATEMENT OF PAROCHIAL CHURCH COUNCIL RESPONSIBILITIES

Under the Charities Act 2011 and th e Charity (Accounts and Reports) Regulations 2008, the PCC is required to prepare a statement of a c counts for each accounting year which giv e s a true and fair view of the state of affairs of the church. Cornerstone is required to

  1. Select suitable accounting po l icies and apply them consistently

  2. Make judgements and estima t es that are reasonable and prudent

  3. State whether the policies ad o pted are in accordance with the Church A c counting Regulations and with the applicable accounting standards

  4. Prepare the financial stateme n ts on a going concern basis.

Trustees are responsible for keepin g proper accounting records which disclose w ith reasonable accuracy at any time the financial p o sition of the church and to ensure that suc h accounts comply with applicable accounting standard s and with the Statements of Recommende d Practice and Regulations made under section 13 0 of the Charities Act 2011. Trustees have a responsibility to safeguard the church’s assets and t o take reasonable steps to prevent fraud an d other irregularities.

The PCC has complied with its duty under section 5 of the Safeguarding and Cl e rgy Discipline Measure 2016 (covering its obligations to safeguard children and vulnerable ad u lts).

New members of the PCC (Trustees) are appointed by the church members an d are given a copy of the Charity Commission booklet for T rustees and an explanation of their respon s ibilities as trustees.

APPROVAL

This report was approved by the Tru s tees on 15[th] May 2022 and signed on thei r behalf by Rev William Donoghue, Chair of the Parochial Church Council.

Rev William Donoghue

16

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

ST CATHERINE AND ST PAUL, LEYTON

('the Charity')

I report to the members of the PCC ( who are also the charity's trustees) on my e xamination of the accounts of the Charity for the year e nded 31 December 2021 on pages 19 to 35 following, which have been prepared on the basis of t he accounting policies set out on page 24.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the account s in accordance with the requirements of the Charities Ac t 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out unde r section 145 of the Act and in carrying out my examination I have followed all the applicable Directi o ns given by the Charity Commission under section 1 4 5(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income ex c eeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake t h e examination because I am a member of the Instit u te of Chartered Accountants of Scotland, w hich is one of the listed bodies.

I have completed my examination. I c onfirm that no matters have come to my a t tention in connection with the examination giving me caus e to believe:

  1. accounting records were not kept in respect of the Charity as required b y section 130 of the Act; or

  2. the accounts do not accord w ith those records; or

  3. the accounts do not comply w ith the applicable requirements concernin g the form and content of accounts set out i n the Charities (Accounts and Reports) Re g ulations 2008 other than any requirement that th e accounts give a ‘true and fair' view which is not a matter considered as part of an ind e pendent examination.

I have no concerns and have come a cross no other matters in connection with the examination to which attention should be drawn in t h is report in order to enable a proper under s tanding of the accounts to be reached.

Archie McDowall BA CA In s titute of Chartered Accountants of Scotlan d Stewardship 1 Lamb's Passage London EC1Y 8AB

17

The Ecclesiastical Parish of St Catherine and St Paul Leyton

Amalgamated

Statement of Financial Activities For the year ended 31 December 2021

UNRESTRICTED
INCOME
Donations and Legacies
Other Trading Activities
Income from Investment
Income from Charitable Activities
Income from Covid Related Grants
Total INCOME
EXPENDITURE
Expenditure on Raising Funds
Expenditure on Charitable Activities
Total EXPENDITURE
NET UNRESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities
Total RESTRICTED INCOME
Expenditure on Charitable Activities
NET RESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
TOTAL
TOTAL NET INCOME
Total Balance Brought Forward
Total Balance Carried Forward		 UNRESTRICTED
INCOME
Donations and Legacies
Other Trading Activities
Income from Investment
Income from Charitable Activities
Income from Covid Related Grants
Total INCOME
EXPENDITURE
Expenditure on Raising Funds
Expenditure on Charitable Activities
Total EXPENDITURE
NET UNRESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities
Total RESTRICTED INCOME
Expenditure on Charitable Activities
NET RESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
TOTAL
TOTAL NET INCOME
Total Balance Brought Forward
Total Balance Carried Forward		 2021
2020
£
£
54,164
65,030
80,345
81,789
305
1,102
162,038
151,263
6,172
36,593
303,024
335,777
21,665
20,183
277,534
284,653
299,199
304,836
NET UNRESTRICTED INCOME 3,825
30,941
Balance Brought Forward 577,170
546,229
Balance Carried Forward 580,995
577,170
33,998
41,343
12,269
9,410
46,267
50,753
61,324
30,397
NET RESTRICTED INCOME (15,057)
20,356
Balance Brought Forward 40,017
19,660
Balance Carried Forward 24,960
40,017
TOTAL NET INCOME (11,232)
51,297
Total Balance Brought Forward 617,186
565,889
Total Balance Carried Forward 605,954
617,186

This Statement of Financial Activities amalgamates the statements shown on pages 21 and 31

19

----- Start of picture text -----
The Ecclesiastical Parish of St Catherine
and St Paul Leyton
Amalgamated
Balance Sheet
As at 31 December 2021
Account 31 Dec 2021 31-Dec-20
£ £
Fixed Assets
Tangible Assets 360,900 360,900
Total Fixed Assets 360,900 360,900
Current Assets
Debtors 8,240 18,032
Payments in advance 0 0
Cash Advances 0 275
Cash at bank and in hand 246,558 248,507
Total Current Assets 254,798 266,813
Creditors: amounts falling due within one year
Receipts in advance 0 0
Creditors 8,338 8,560
Deposits 1,039 1,733
Barclaycard 367 235
Total Creditors: amounts falling due within one 9,744 10,527
Net Current Assets (Liabilities) 245,054 256,286
Total Assets less Current Liabilities 605,954 617,186
Funds
Parish Fund
Parish Capital 360,900 360,900
Parish Fund Current 92,960 102,887
Replacement Fund 27,944 23,740
Total Parish Fund 481,804 487,527
Restricted Funds 24,960 40,017
Under 5s General 44,190 34,642
Under 5s Restricted 0 0
Under 5s Reserve 55,000 55,000
Total Funds 605,954 617,186
This Balance Sheet amalgamates the sheets shown on pages 22 and 32
----- End of picture text -----

----- Start of picture text -----
Approved by the Parochial Church Council on 15th of May 2022 and signed on its behalf
by Rev.William Donoghue (Chair)
Michael Henry William Donoghue
Honorary Treasurer Chair
----- End of picture text -----

20

The Ecclesiastical Parish of St Catherine and St Paul Leyton

Statement of Financial Activities

For the year ended 31 December 2021

UNRESTRICTED
INCOME
Donations and Legacies
Other Trading Activities
Income from Investment
Income from Charitable Activities
Job Retention Scheme
Total INCOME
EXPENDITURE
Expenditure on Raising Funds
Expenditure on Charitable Church Activities
Total EXPENDITURE
NET UNRESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities
Total RESTRICTED INCOME
Expenditure on Charitable Activities
NET RESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
TOTAL
TOTAL NET INCOME
Total Balance Brought Forward
Total Balance Carried Forward		 UNRESTRICTED
INCOME
Donations and Legacies
Other Trading Activities
Income from Investment
Income from Charitable Activities
Job Retention Scheme
Total INCOME
EXPENDITURE
Expenditure on Raising Funds
Expenditure on Charitable Church Activities
Total EXPENDITURE
NET UNRESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities
Total RESTRICTED INCOME
Expenditure on Charitable Activities
NET RESTRICTED INCOME
Balance Brought Forward
Balance Carried Forward
TOTAL
TOTAL NET INCOME
Total Balance Brought Forward
Total Balance Carried Forward		 2021
2020
£
£
53,425
64,668
96,845
98,289
72
559
744
504
5,139
25,252
156,224
189,272
21,665
20,183
140,282
154,064
161,947
174,247
NET UNRESTRICTED INCOME (5,723)
15,025
Balance Brought Forward 487,527
472,502
Balance Carried Forward 481,804
487,527
33,998
41,343
0
0
33,998
41,343
49,055
20,987
Expenditure on Charitable Activities
NET RESTRICTED INCOME (15,057)
20,356
Balance Brought Forward 40,017
19,660
Balance Carried Forward 24,960
40,017
TOTAL NET INCOME (20,780)
35,381
Total Balance Brought Forward 527,544
492,163
Total Balance Carried Forward 506,764
527,544

The notes to the Financial Statement are set out on pages 23 to 30 attached and form part of this document

21

The Ecclesiastical Parish of St Catherine and St Paul Leyton Balance Sheet As at 31 December 2021

----- Start of picture text -----
Account See Notes 31 Dec 2021 31 Dec 2020
£ £
Fixed Assets
Tangible Assets 12 360,900 360,900
Total Fixed Assets 360,900 360,900
Current Assets
Debtors 13 8,840 19,101
Deposits held 15 0 0
Cash Advances 0 275
Cash at bank and in hand 14 148,694 158,640
Total Current Assets 157,534 178,016
Creditors: amounts falling due within one year
Receipts in advance 0
Creditors 16 10,943 10,307
Deposits received 15 360 830
Barclaycard 367 235
Total Creditors: amounts falling due within one year 11,670 11,372
Net Current Assets (Liabilities) 145,864 166,644
Total Assets less Current Liabilities 506,764 527,544
Funds
Parish Fund
Parish Capital 360,900 360,900
Parish Fund Current 92,960 102,887
Replacement Fund 17 27,944 23,740
Total Parish Fund 481,804 487,527
Restricted Funds 24,960 40,017
Total Funds 506,764 527,544
`
Michael Henry William Donoghue
Honorary Treasurer Chair
----- End of picture text -----

22

The Ecclesiastical Parish of St Catherine and St Paul Leyton Analysis of Income and Expenditure For the year ended 31 December 2021

----- Start of picture text -----
2021 2020
Unrestricted £ £
Unrestricted Income
Job Retention Scheme 5,139 25,252
Community Outreach 189 233
Discipleship 0 0
Giving 53,425 64,668
Leadership 295 271
Parish Administration 72 559
Properties 52,973 54,486
Running the Building 43,872 43,803
Youth and Children 260 0
Total Unrestricted Income 156,224 189,272
Unrestricted Expenditure
Community Outreach 3,459 2,216
Discipleship 963 1,304
Giving 16,520 21,706
Leadership 240 35
Parish Share 46,048 46,128
Salaries 35,149 53,056
Parish Administration 6,887 5,396
Properties 21,665 20,097
Running the Building 28,784 23,388
Sunday Worship 936 567
Youth and children 1,296 354
Total Unrestricted Expenditure 161,947 174,247
Total Unrestricted (5,723) 15,025
Restricted - See page 26 for further details
Restricted Income 33,998 41,343
Restricted Expenditure 49,055 20,987
Total Restricted (15,057) 20,356
Analysis of Tithes paid to various Christian Charities 2021 2020
Tithes £ £
Tithe - Bethnal Green Mission Church 750 0
Tithe - Burn 24/7 1,000 2,000
Tithe - Christian Kitchen 1,000 1,500
Tithe - Christians Against Poverty 1,000 1,000
Tithe - Dayspring Christian Ministries - Sue Chapman 1,500 1,750
Tithe - Elim Church Leyton 750 1,000
Tithe - Forest Churches Night Shelter 1,250 2,000
Tithe - Haven House Childrens Hospice 0 500
Tithe - London City Mission 1,000 0
Tithe - My Child Ministry 1,640 2,000
Tithe - New Wine 1,500 0
Tithe - Open Doors 750 1,500
Tithe - Samara's Aid 0 1,500
Tithe - Samaritans Leyton 0 300
Tithe - Spark 2 Life 750 350
Tithe - Stop the Traffik 500 1,500
Tithe - The Feast 0 1,000
Tithe - Waltham Forest Youth for Christ 1,250 2,000
Tithe - WhippsX League of Friends 0 500
Tithe - Women in Tune 600 600
Tithe - Word 4 Weapons 0 500
Tithe - The Wall of Answered Prayer 500 0
Unallocated Tithe 660 0
Total Tithes 16,400 21,500
Evangelical Alliance 120 120
Weekly Offering Envelopes - Purchase 0 86
16,520 21,706
----- End of picture text -----

23

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

1 Statutory Information

The Parochial Church Council of St Catherine and St Paul, Leyton is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011.

The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

In making this assessment the trustees have considered the impact of Covid-19 and have concluded that whilst our income will be reduced, we will control our expenditure and we continue to be a going concern. Page 17 shows the Independent Examiner's Report Pages 23 to 30 show specific notes.

Pages 23 to 30 show specific notes. Pages 31 to 35 show Under 5s accounts and notes

Accruals

The accounts have been prepared on an accruals basis.

24

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

2 [Income]

Planned giving, collections and donations are recognised when they are received. Gift Aid refunds are recognised when the associated incoming resource is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Pension Scheme Arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

Fixed Assets

The main church building is not included in the accounts as it is a consecrated building.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory which can be inspected at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently items have been written off when incurred.

One house has been shown at its approximate value in October 1996. Subsequent property is shown at its market value at the time of purchase. There is no depreciation nor appreciation shown on the properties.

A replacement fund was set up in 2015 to start to build up a fund for the replacement of Special Items and major items of expenditure. It was agreed to set aside the value of the item plus 10% spread over the expected life of the item. A policy of writing off all items in the year in which they are purchased has been adopted.

25

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

----- Start of picture text -----
3 Fund Movements 2021
Balance Balance
Gains and
Fund Name Brought Income Expenditure Transfers Carried
losses
Forward Forward
Restricted Funds
Baby Bank Fund 1110 962 14 2057
Baby Bank - Community Fund 0 1500 1815 -315
Baby Bank Fund - London Community
Response Fund (LCR) 300 0 300 0
Baby Bank LBWF HH 0 300 300 0
Staff Farewell 0 405 209 196
Burn Fund 1563 421 424 1560
Cinema Event - LBWF 1135 0 1135 0
Citizens UK Fund 918 0 105 813
Fellowship Fund 3770 1788 625 4932
Financial Support personal 0 1855 0 1855
Holiday Hunger Fund 589 685 540 733
Holiday Hunger - Freshfields 0 2520 2520 0
Holiday Hunger Fund LCR 538 0 538 0
Holiday Hunger Fund LCR Covid 58 0 58 0
Holiday Hunger Volunteer Fund 0 180 180 0
Holiday Hunger - Food Co-Ordinator Fund 0 1620 1620 0
Holiday Hunger Grant - Food 0 0 0 0
Howard Reid Memorial Fund 1075 0 0 1075
Kids Matter - Freshfields 0 2360 0 2360
LBWF Holiday Hunger 0 5400 5400 0
MMU Grant 0 1250 1250 0
My Child Fund 0 300 300 0
Near Neighbours Fund 3000 0 3000 0
Night Shelter Fund 364 0 0 364
Upper Room Intercessory Fund 549 0 0 549
Youth Trips Fund 250 0 0 250
Youth Worker Fund LOB Grant 14143 0 14143 0
Youth Worker Fund 6th Form College 7000 10500 10500 7000
Youth Worker Fund General 3655 1953 4078 1530
Total Restricted Funds 40017 33998 49055 0 0 24960
Parish Fund
Properties 360900 0 0 0 0 360900
General 102887 156224 161947 -4204 0 92960
Replacement Fund 23740 4204 0 27944
Total Parish Fund 487527 156224 161947 0 0 481804
Total All Funds 527544 190222 211002 0 0 506764
Transfer from General Fund
Annual Contribution to Asset Replacement Fund 4204
4204
----- End of picture text -----

4 The assets and liabilities represented by the 2021 funds are as shown below

Unrestricted Funds
Restricted Funds		 Fixed Assets
Bank & Cash
Balances
Other Net
Assets
Total
360,900
123,734
-2,830
481,804
24,960
24,960
360,900
148,694
-2,830
506,764

26

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

----- Start of picture text -----
5 Fund Movements 2020
Balance Balance
Gains and
Fund Name Brought Income Expenditure Transfers Carried
losses
Forward Forward
Restricted Funds
Baby Bank Fund 0 1334 224 0 0 1110
Baby Bank Fund - London Community
Response Fund (LCR) 0 300 0 0 0 300
Burn Fund 1232 445 114 0 0 1563
Cinema Event - LBWF 0 1135 0 0 0 1135
Citizens UK Fund 923 0 4 0 0 918
Fellowship Fund 795 3000 25 0 0 3770
Holiday Hunger Fund 0 4230 3641 0 0 589
Holiday Hunger Fund LCR 0 3750 3212 0 0 538
Holiday Hunger Fund LCR Covid 0 134 76 0 0 58
Howard Reid Memorial Fund 1250 0 175 0 0 1075
MMU Grant 2500 625 3125 0 0 0
My Child Fund 0 300 300 0 0 0
Near Neighbours Fund 0 3000 0 0 0 3000
Night Shelter Fund 217 880 733 0 0 364
Upper Room Intercessory Fund 549 0 0 0 0 549
Youth Trips Fund 250 0 0 0 0 250
Youth Worker Fund LOB Grant 10000 10000 5857 0 0 14143
Youth Worker Fund 6th Form College 0 10500 3500 0 0 7000
Youth Worker Fund General 1945 1710 0 0 0 3655
Total Restricted Funds 19660 41343 20987 0 0 40017
Parish Fund
Properties 360900 0 0 0 0 360900
General 92066 189272 174247 -4204 0 102887
Replacement Fund 19536 0 0 4204 0 23740
Total Parish Fund 472502 189272 174247 0 0 487527
Total All Funds 492163 230615 195234 0 0 527544
Transfer from General Fund
Annual Contribution to Asset Replacement Fund 4204
4204
----- End of picture text -----

6 The assets and liabilities represented by the 2020 funds are as shown below

Unrestricted Funds
Restricted Funds		 Fixed Assets
Bank & Cash
Balances
Other Net
Assets
Total
360,900
128,623
-1,996
487,527
30,017
10,000
40,017
360,900
158,640
8,004
527,544

27

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

7 Tuesday Lunch Club

The expenditure for the year was £0 (£195 in 2020)and the income was £0 (£233 in 2020).

Due to Covid there was no activity in 2021.

8 Stewardship

There has not been a major Stewardship Campaign this year. Overall our giving was down by £11,243 at £53,425 (£64,668 in 2020).

----- Start of picture text -----
9 Fellowship Fund 2021 The gifts distributed from the fund supported 2 individuals by the amounts shown below
General Earmarked Total 2 625
Balance Brought Forward 3,730 40 3,770
Gifts received 1,788 1,788
5,518 40 5,558
Gifts Distributed 625 625
Net Balance Carried Forward 4,893 40 4,933
Fellowship Fund 2020 The gifts distributed from the fund supported 1 individual by the amounts shown below
General Earmarked Total 1 25
Balance Brought Forward 755 40 795
Gifts received 3,000 3,000
3,755 40 3,795
Gifts Distributed 25 25
Net Balance Carried Forward 3,730 40 3,770
----- End of picture text -----

10 Independent Examiners Fees

The accounts for 2021 have been Independently Examined by Stewardship. The fee for this service is £1370 (£1370 in 2020). No other fees were paid to Stewardship.

11 Governance

The costs of governance are not easily separately identified and in an electronic age there is very little printing of agendas and minutes.

12 Tangible Fixed Assets

The PCC owns 2 freehold houses, the first house is shown in the balance sheet at a value of £85,900 that was established in 1996. The second house is shown at its market value of £275,000 when bequeathed in 2009. No annual depreciation is entered in respect of these properties which are now worth substantially more than their book values. There is no change from the amounts shown in 2020.

An inventory is kept of all large items of equipment.

28

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

----- Start of picture text -----
13 Debtors
2021 2020
Gift Aid Recoverable 2,278 400
Property Rents 3,764 2,554
Youth Grant 0 10,000
HMRC Employment Allowance 1,523 1,915
HMRC Job Retention Scheme 0 2,904
Other Debtors 1,275 1,328 This includes £600 (2020 nil) "internal debtor" from Under 5s .
8,840 19,101
14 Cash at Bank at 31st December 2021 2020
Parish Community Account 18,303 18,322
Central board of Finance 130,390 140,318
Cash in hand 0 0
148,694 158,640
15 Deposits 2021 2020
Tenancy deposits held 360 830 In addition a total of £2,950 is held by TDS in respect of Tenants' Deposits
16 Creditors 2021 2020
Utility Charges 1,785 1,913
Independent Examination - Stewardship 2,040 1,920
Tithes 2,160 3,350
Other Creditors 4,958 3,125
10,943 10,307
----- End of picture text -----

17 Replacement Fund

This replacement fund ~~w~~ as set up in 2015 to start to build up a balance for the replacement of Special Items. It was agreed to set aside the value of the item plus 10% spread over the expected life of the item.

The following contributions have
been made to date.
Church Lighting
Hall Lighting
Audio Visual Screens
Paving
Kitchen
Coffee Bar Refurbish
Rear Fencing
Church Lighting Partial replacement
Contributions
2020
Total
Contributions to
31/12/20
Contributions
2021
Total
Contribution
to 31/12/21
Replace
ment Year
Replacement
Value
0
8300
0
8300
2020
9,000
371
1855
371
2226
2023
2,600
1190
5950
1190
7140
2026
11,900
493
2465
493
2958
2031
7,400
1170
3510
1170
4680
2028
11,700
480
960
480
1440
2029
4,800
200
400
200
600
2034
3,000
300
300
300
600
2025
1,500
4204
23740
4204
27944
51900

29

Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2021

18 Employees and Trustees During the course of the year the following staff were employed.

Youth Worker full time Operations and Mission Manager full time To July 2021 Administrator part time From October 2021 Building Services Manager part time To March 2021 Bookings Manager part time To March 2021 Verger part time From March 2021 Cleaner part time Baby Bank Co-Ordinator part time From April to October 2021 Holiday Hunger Co-ordinator part time From April to December 2021 These equate to approximately 3 full time equivalent employees The total cost of employees for the year was £66,822

Net Pay
Employees National Insurance
Tax
Student Loan
NEST Pension Contributions
TOTAL Gross Pay
Employers National Insurance
Employment Allowance
NEST Pension Contributions
TOTAL Payroll Costs		 2021
2020
57,825
46,881
2,492
2,620
1,632
3,664
573
171
1,165
1,120
63,687
54,456
3,075
3,120
-1,395
-1,241
1,456
1,400
66,822
57,735

No employee was paid at a rate of more than £60,000 per annum

We determine the level of salaries for our staff by reference to comparable posts on Local Government pay scales. Gross pay included statutory redundancy and termination payments totalling £4,826 for two staff (2020: £nil).

Remuneration and employee benefits paid to key management personnel for the church and community centre amounted to £36,646 (£35,582 in 2020).£28,721 of this was charged to restricted funds in respect of the employment of a youth worker. None of the trustees nor any person connected to him/her has been paid any remuneration or received any other benefits from an employment with the charity or a related entity apart from those detailed in section 19 below

The Vicar (Rev William Donoghue) received his stipend from The Church Commissioners and customary accommodation from the Chelmsford Diocese.

19 Related Party Transactions

John Stacey, a former trustee who has continued to undertake financial matters for the charity, is also a trustee of Waltham Forest Youth for Christ (Charity Registration nos. 278551 and 1152939). Michael Henry, a trustee, is also a trustee of Christian Kitchen (Charity Registration no. 1149052). Cheryl Reid, a trustee, is also a trustee of My Child (Charity Registration no. 1137445). We received rent from Waltham Forest Youth for Christ totalling £4,488 (£4,488 for 2020) for rent of office space as well as contributions for services provided by external providers (including PAT Testing and computer maintenance). We made tithe gifts to support the work of Waltham Forest Youth for Christ of £1,250 (£2,000 in 2020). Our tithe gift to Christian Kitchen was £1,000 (£1,500 in 2020). Rae Williams, a trustee, has undertaken (much unpaid work) paid work amounting to £340 (£1,574 in 2020) for the Cornerstone as a carpenter and painter in the name of his company (R J Joinery). Kovalan Paramanantham, a trustee, provides computing services to the Cornerstone through his company Aquilative Technologies. The total services provided since his appointment as a trustee amounts to £1,984 (£268 in 2020) . Appropriate declarations of interest were made in each instance. The Trustees made identifiable aggregated unrestricted donations of £29,145 (£32,998 in 2020) and restricted donations of £1,791 (£3,281in 2020) to the Charity during the year.

20 Operating Lease

On 28th September 2016 we entered in to a 5 year operating lease with Hampshire Trust Bank plc for the supply of a Canon IRAC 3320i Photocopier. The final 2 quarterly payments of £165 + VAT were paid in 2021. A new operating lease was signed in 2021 for sixty three months at £205.57 per month for a new photocopier Kyocera TA2553ci A3 colour MFD with cabinet.

30

The Ecclesiastical Parish of St Catherine and St Paul Leyton

Under 5s

Statement of Financial Activities For the year ended 31 December 2021

----- Start of picture text -----
2021 2020
See
UNRESTRICTED £ £
Notes
INCOME 2
Donations and Legacies 739 363
Other Trading Activities
Income from Investment 233 544
Income from Charitable Activities 161,294 150,759
Income from Grants Covid Related 1,033 11,340
Total INCOME 163,300 163,005
EXPENDITURE 3
Expenditure on Raising Funds
Expenditure on Charitable Activities 153,752 147,089
Total EXPENDITURE 153,752 147,089
NET UNRESTRICTED INCOME 9,548 15,916
Balance Brought Forward 89,642 73,726
Balance Carried Forward 99,190 89,642
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities 12,269 9,410
Total RESTRICTED INCOME 12,269 9,410
Expenditure on Charitable Activities 12,269 9,410
NET RESTRICTED INCOME 0 0
Balance Brought Forward 0 0
Balance Carried Forward 0 0
TOTAL
TOTAL NET INCOME 9,548 15,916
Total Balance Brought Forward 89,642 73,726
Total Balance Carried Forward 99,190 89,642
Notes to the Under 5s Accounts are set out on pages 33 to 35
----- End of picture text -----

31

The Ecclesiastical Parish of St Catherine and St Paul Leyton Under 5s

Balance Sheet

As at 31 December 2021

----- Start of picture text -----
Account See Notes 31-Dec-21 31-Dec-20
£ £
Fixed Assets
Tangible Assets
Total Fixed Assets 0 0
Current Assets
Debtors 5 2,605 1,803
Cash at bank and in hand 4 97,865 89,867
Total Current Assets 100,469 91,670
Creditors: amounts falling due within one year
Creditors 6 600 1,125
Deposits 679 903
Total Creditors: amounts falling due within one year 1,279 2,028
Net Current Assets (Liabilities) 99,190 89,642
Total Assets less Current Liabilities 99,190 89,642
Funds
Under 5s General 44,190 34,642
Under 5s Restricted 0 0
Under 5s Reserve 55,000 55,000
Total Funds 99,190 89,642
Michael Henry William Donoghue
Honorary Treasurer Chair
----- End of picture text -----

32

Parochial Church Council of St Catherine and St Paul Leyton

Under 5s

Notes to the Financial Statements For the year ended 31st December 2021

1 Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006; and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the Under5s are responsible in law.

Accruals

The accounts have been prepared on an accruals basis.

Restricted Funds

Restricted grants totalling £12,269 (£9,410) were received from London Borough of Waltham Forest and were all spent on support staff salaries.

Fixed Assets

The Under 5s do not have any fixed assets. A policy of writing off all equipment items in the year in which they are purchased has been adopted.

Charitable Status

The Under 5s are an integral part of the St Catherine and St Paul Parish Parochial Church Council (PCC) which is a registered charity (1137601).

Accounting

These Under 5s accounts are kept separately from the accounts of the PCC and incorporated in to the Amalgamated Accounts.

Bankers

Our Bankers are TSB plc

Reserves/Risk Assessment

We have examined our overall finances and set aside £55,000 to cover salaries and rent etc in any unforeseen circumstances.

Report

Our written report is included on page 13/14 of the main PCC report and is extracted as an appendix to any requests for the separated accounts of the Under 5s.

33

Parochial Church Council of St Catherine and St Paul Leyton

Under 5s

Notes to the Financial Statements For the year ended 31st December 2021

2 A more detailed analysis of incoming Resources is shown below

Incoming Resources
Donations
Fees
Grants
Grants Covid Related
Other Income
Total Charitable Activities
Bank Interest
Charitable Activities
Income Unrestricted		 Actual 2021
Actual 2020
Remarks
£
£
739
363
18,589
19,781
141,860
130,351
1,033
11,340
845
626
162,327
162,098
233
544
163,300
163,005
12,269
9,410
175,569
172,415
Total Income Unrestricted
Income Restricted
Grants Restricted
Total Income

3 A more detailed analysis of Resources expended is shown below

4 Salaries
Consumables
Stationery Arts and Crafts
Photocopier
Telephone & Internet
Furniture and Equipment - Children
Furniture and Equipment Office
Rent
Insurance
Staff Training
Publications and Subscriptions
Computing Charges
Payroll and Finance Charges
Independent Examiners Fee
Bank Charges
Other Expenditure
Cash at Bank at 31st December
General Account
Fees Account
Reserve Account		 Actual 2021
Actual 2020
Remarks
£
£
137,807
131,216
3,524
2,089
0
0
883
1,127
597
409
1,483
1,130
126
53
16,500
16,500
914
941
567
108
395
501
1,259
578
558
959
662
550
199
174
546
164
166,021
156,499
2021
2020
27,865
19,867
0
0
70,000
70,000
97,865
89,867

34

Parochial Church Council of St Catherine and St Paul Leyton

Under 5s

Notes to the Financial Statements For the year ended 31st December 2021

----- Start of picture text -----
5 Debtors 2021 2020
HMRC CJRS 0 1,725
Fees 0 78
Cornerstone -Employment Allowance Share 2,605 0
2,605 1,803
6 Creditors 2021 2020
HMRC SSP Overclaimed 0 575
Independent Examiners Fee 600 550
Other 0 0
600 1,125
7 Deposits Held 2021 2020
679 903
These are deposits paid in respect of fees
----- End of picture text -----

8 Employees

During the course of the year 11 (13) staff were employed at the equivalent of an average of 7(7) full time staff at a cost of £137,806 (2020 £131,215).

No employee was paid at a rate of more than £60,000 per annum

Remuneration and employee benefits payable to key management personnel employed by the PCC amounted to £67,005 in the year (£65,776).

Net Pay
Employees NI
Tax
NEST Pension Contributions
Total Gross Pay
Employers NI
Employment Allowance
Maternity Pay recovered
NEST Pension Contributions
Total		 2021
2020
116,322
111,732
5,324
5,175
6,100
5,159
2,631
2,470
130,377
124,536
6,746
6,351
-2,605
-2,759
0
0
3,289
3,087
137,806
131,215

9 Key Management Personnel

Those in charge of directing, controlling, running and operating Under5s on a day to day basis are Robina Marwat, Iva Juma and Harshini Wanasundra.

10 Independent Examiners

Our Independent Examiners are Stewardship and their fee for the year is £600 (£550 in 2020) and no other payments were made.

35