## **ANNUAL REPORT 2022**
2022 was the first year of recent times without any restrictions due to Covid-19 and therefore there was a sense of the dust settling and us discovering the effects of the pandemic on our church and community. Like any year there were real joys but also sorrows as we journeyed together as a faith community following the way of Jesus.
## **ADMINISTRATIVE INFORMATION**
St Catherine and St Paul, Leyton is a Church of England Church situated at 149 Canterbury Road, Leyton, London E10 6EH. It is part of the Deanery of Waltham Forest, within the Diocese of Chelmsford. The Parochial Church Council (PCC) is a registered charity (1137601). PCC members who have served during the year 2022 and until the AGM in May 2023 Chair: Revd William Donoghue
Secretary: Olumayowa Soluade (until September 2022) Runa Folkes (from September 22- until May 2023) Wardens: Rae Williams Sheena Colleen Merchant Treasurer: Michael Henry Deanery Synod Rep: Cheryl Reid (until May 2023) Elected Members: Kovalan Paramanantham Lucy Venn (until May 2023) Michael Henry Simon Harris (until May 2023) Olumayowa Soluade (until September 2022) Sean Walter Brown (until September 2022) Victoria Torrance (until May 2023) Yasmin Allen (until September 2022) Runa Folkes (from September 2022-until May 2023) Floyd Farquar (from May 2023) Lesley Perkins (from June 2023)
Those in charge of directing, controlling, running and operating the Charity on a day to day basis over 2022 have been Rev William Donoghue (Chair and Vicar); Joey Mitchell (Youth Worker); Michael Henry (Treasurer); Ruby Marwat (Under5s Business Manager); Iva Juma (Under 5s Leader) and Harshini Wanasundera (Under5s Deputy Leader), Jayne Perridge (Parish Administrator).
|**Bankers**|
**Independent Examiner**|
|---|---|
|Barclays Bank PLC|Archie McDowall BA CA|
||Stewardship|
|CCLA Fund Management ltd|1 Lamb's Passage|
||London|
|TSB Bank plc|EC1Y 8AB|
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## Services, Prayer & Worship
During our services over 2022 we have explored in depth various books of the bible and themes including Philippians, The Lord’s Prayer, The Body of Christ and our ‘Rooted in’ series which explored the way that in changing times we can be rooted in our faith. Highlights for me have been our monthly All Age services followed by Community Lunch which has always brought us together as a church from the youngest to the oldest with the food always an obviousl treat! Although as the Vicar I have carried the body of teaching it has been wonderful to hear different voices from our community including Ruth Kirabo at the start of year, as well as people like Sheena, Imtiaz, Cheryl, Eddie, and Joey bringing their insights into God’s word. We have been thankful to have Revd Maria Holmden join our team this year having received her Permission to Officiate from the Bishop and again she has brought her many different skills and experiences to our services.
Throughout the year Denise, Hazel and Leon provided prayer ministry opportunities each Thursday evening with many people taking the opportunity to be prayed for. We were also able to introduce regular prayer ministry after our Sunday services as well. Bill also led a monthly evening of prayer and worship in the Sanctuary which various people participated in.
A huge highlight of our Sunday services were the baptisms of Amir, Ali, and Mina in October. This was a wonderful occasion of proclaiming their faith in Christ and celebrating their part in our church family.
## Mission & Outreach
At the beginning of the year, we believed that God was particularly calling us to step out in our outreach to young families. In response we devised a program of events for primary age children over the course of the year as well get outside the church on Tuesday afternoons with our hot chocolate giveaways. Events included a popular pancake party on Shrove Tuesday, Hot Cross Brunch on Good Friday, a Platinum Jubilee party, and a Light Party at Halloween. All of these events were well attended primarily by families from Barclay School, some of which have visited on a Sunday or other events, and many have expressed an interest in coming along to church. We have made a number of deep connections with local families through these events and are looking forward to connecting many of them further into the life of the church.
Another highlight of our work with children and young people is resumption of school visits to Cornerstone. This year we have had classes from Syborn Primary School coming to visit as well as Gwyn Jones School who have come to learn about the Christian faith. We have been really pleased to be able to leave them with a really positive impression of our faith.
Although there will be fuller reports on the mission activities of the church later in the report, we are delighted that outward focus of the church remains so strong. Baby Bank has continued to grow in both referrals and the depth of support offered and our Friday youth club which started in January 2022 continues to provide a safe and welcoming space to
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around 30 young people every week. Our Alpha Course during the Autumn term which Bill & Isaac co led was another wonderful opportunity for both outreach as well as discipleship.
As winter drew in, we were also able to connect into the council led Warm Spaces initiative. Through this program we were able to open three dedicated times every week as a community living room, offering a place for people struggling to heat homes or feeling isolated. The after-school space on a Tuesday has proved to be incredibly popular with children and their families from Barclays School.
## Special Occasions
Easter and Christmas are always big highlights in the church calendar. Over Easter and Holy Week, we were joined by Billy the Donkey for our Palm Sunday service as we prayed and worshipped together around our community. Holy Week also included a Passover meal for the young people and a well-attended Maundy Thursday service led by Maria. Good Friday we invited local families and children for Hot Cross Brunch which celebrated the Easter story through Craft, games, and music before many of us joined together with two other local churches for an outdoor Good Friday service and walk of witness. Easter Day, we celebrated outdoors, and it was our best attended service of the year with lots of visitors and friends of Cornerstone joining us for the day.
Our Christmas celebrations and outreach lasted over the whole course of Advent and included our popular Christmas Fayre, a Music and Poetry open mic night, a Scratch Nativity service, our annual outdoor community carol service as well the incredibly popular Santa Parade on Christmas Eve. We rounded of the Christmas season with a traditional Midnight Communion service on Christmas Eve and a family celebration on Christmas Day with a number of visitors.
2022 will of course always be remembered as the year when we celebrated Platinum Jubilee of Queen Elizabeth II in June but also mourned her death in September, an occasion significant to us with the monarch being the Supreme Governor of the Church of England. The Jubilee was marked by a special children’s party and special service of thanksgiving followed by an indoor picnic due to bad weather. Upon the death of the Queen a book of condolence was opened in the church and prayers said to mark this momentous change. Other special occasions such as Harvest, Mother’s Day and Father’s Day were celebrated, always with food, a mix of celebration and reflection and with great joy!
## Weddings & Funerals
In January we sadly held the funeral of baby Gerald. As you can imagine this was a very difficult day and we continue to uphold the whole Lasibikan family in prayer. In April we held the funeral of Victor Jayaratnam the Father of Kalyani and in December we held the funeral of Joice Magloire the sister of Magaret.
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Joyfully at the end of the year we celebrated the wedding of Helen and Glyn here at Cornerstone. Helen was part of Cornerstone for a number of years and will be greatly missed as she starts her new life in Surrey.
## Changes
At Cornerstone we are blessed with a small staff team who are able to take on different responsibilities. Over the course of 2022 we saw a few changes. In May Tracey Brandon left her role as Verger. We appointed a new cleaner in Jane Mountier who has been doing a great job keeping our premises clean and ready for mission and ministry. In May we secured funding from Waltham Forest Council to be able to employ a new Baby Bank Coordinator. We were delighted that Chrissie joined our team to lead this important ministry. We were also able to secure some outside grant money to employ a youth work assistant to help run the Friday Night Youth Club and Deon joined our team in September.
Over the course of the year, we sadly lost a number of key people in church as people moved on for various reasons. Special thanks should be given to Mayowa who stepped down as PCC secretary over the Summer and Yasmin and Sean who also stepped down from PCC duties. Whenever people leave it always leaves a hole, but it also gives us an opportunity as well to step up in faith and allow others to take on new responsibility. We also joyfully welcomed new worshippers to our community and are especially mindful of our friends from Iran who have become such a joyful part of our church family in 2022.
We also saw some changes in our building including the installation of a new heating system. This was greatly needed as the previous system was as old as the building and was made possible by a grant secured by the PCC of £51k from Veolia Environmental Trust. This vital project was crucial in securing the future use of our building and in its remaining a great community asset.
## Thanks to
In church life the vast majority of what we do is only possible because of the commitment and dedication of its congregation. We owe each other a huge collective thank you for all you do in order that Jesus’ love is shared to the people of East London. However, it is right to highlight the particular contribution of some individuals for the work they do. On a personal note, I am forever grateful for the work that Rae and Sheena do as Church Wardens. Not only are they excellent Wardens they are constant sources of encouragement and joy to myself and the whole church community. Kovalan continues to go above and beyond in supporting our tech requirements on Sundays and Cheryl has led Cornerstone Kids through much change with the same excellence and love for the children as always, as well as taking a lead with TLC. Lindsey does so much behind the scenes especially in pursuing grants that have supported mission and ministry here. We are so grateful for you for you all. The PCC has again represented you all with great diligence and I especially want to thank Mike and Mayowa for their roles as Treasurer and Secretary respectively. Finally, the staff team of Joey, Jayne, Krassi, Jane and Chrissie who have been an absolute joy to work with.
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## Citizens UK & Mission & Ministry Unit (MMU)
Cornerstone since 2018 has been part of a Mission and Ministry Unit which is a partnership with two other local churches (St Marys Walthamstow and Chingford Parish Church) designed to help facilitate mission in our local area. This partnership was birthed in the principles of Community Organising and our shared connection with Citizens UK. Sadly, after a change of leadership Chingford Parish Church decided to withdraw from the partnership and work of Citizens UK. However, Cornerstone and St Marys remain committed to this people powered alliance dedicated to challenging injustice and building stronger communities.
It is with great pleasure that we are able to do much of our community work in partnership with Citizens UK and can draw upon some of the principles of community organising as we build the common good in our part of East London. Our Waltham Forest based Citizens Alliance has gone through some significant changes during 2022 with a number of partner institutions stepping back for a variety of reasons. The partner institutions are now St Marys Walthamstow, St Barnabas Walthamstow, Leyton Sixth Form College, Connaught School for Girls, and Holy Trinity Cann Hall. Towards the end of 2022 we welcomed a new Community Organiser in George Gaillet who has breathed new life and energy into the alliance. Whilst the alliance is smaller than previously, the remaining institutions are committed and energised about the future as we rebuild following the challenges of the last few years.
A key part of our work with Citizens UK is expressed with the joint Youth Work that we undertake with Leyton Sixth Form College. The church and college are not just neighbours physically but partners through Citizens UK and in 2021 we began a joint youth work project employing a full-time worker who is able to work across the two institutions providing support, help and encouragement to local young people. This is a project birthed in the principles of community organising and only possible because of a shared desire to build the common good. One of the key outcomes of this project has been the establishment of a weekly youth club providing a safe space for around 30 young people from a variety of backgrounds. In a borough where youth provision is scarce this really is a lifeline for local young people and is teaching them life skills and the opportunity to participate in a leadership development program.
In the wider Citizens work across Waltham Forest there were significant wins across a number of campaigns we supported. These include a successful campaign to ensure that people not registered with doctors could receive Covid-19 vaccines. Our strong working relationship with Barts Health Trust meant we were able to ensure people without full rights to stay in the UK were able to be protected against the virus.
Locally Citizens has been actively partnering with the council to deliver on making the borough of Waltham Forest become accredited as a Borough of Sanctuary – a borough that welcomes refugees and all migrants. Averil one of our key leaders locally in Citizens has recently been appointed co-chair of this council initiative meaning that we have a key say in shaping how we welcome refugees as a Borough.
A number of people from Cornerstone have also been involved in campaigning around mental health in young people. We have seen good results here as well with well attended training on mental health first aid in young people being facilitated here at Cornerstone.
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## Deanery & Diocese
At both Diocese and Deanery level there were a number of significant changes. Most significantly in late January Lynn Cullen’s was consecrated at St Pauls Cathedral as the new Bishop of Barking who oversees our part of East London. We have had the pleasure of welcoming Bishop Lynn a couple of times at Cornerstone during 2022 including deanery meetings and a personal visit she made to find out more about the Youth and Childrens work happening here. She left really encouraged by what she learnt that day!
At Deanery level Revd David Britton stood down as Area Dean and was replaced by Revd Vanessa Connant. Revd Polly Kersys-Hull was also appointed as Assistant Area Dean with the idea of being able to share some of the responsibilities and the pastoral care of local clergy. Clergy have continued to meet together regularly at Deanery Chapter with a significant meeting happening in October also attended by church treasurers considering the financial challenges facing churches at the moment. Whilst there was widespread recognition of the fragility that many churches are experiencing, there was also a real sense of unity, hope for the future and mutual support.
Bill Donoghue Vicar
## Fabric Report
Our long awaiting heating renewal system project for the church building which was partly funded by Veolia Environmental Trust has all being completed and our building is now fully heated. This includes, replacing two commercial heaters, upgrading our underfloor heating system,replacing four fans assist heating in the hall,replacing immersion heaters in preschool and main building that supply hot water to the kitchen and toilets.
The broken freezer in the main kitchen and the mini under counter fridge in the café bar area were replaced. A cracked glass panel in the preschool playroom area was replaced. Regular maintenance work in the building along with yearly compliance safety checks were completed. Our annual carpet and upholstering cleaning carried out as part of our summer spring cleaning along with checking guttering and drainage and tiding up around the building. Unfortunately, we have lost one of our community benches because of vandalism and age. Our sofas in the foyer area urgently need replacing because of them falling apart. Some were thrown out. Our quinquennial advised works is ongoing with not much done this year because of our major heating project. Computer maintenance and new contract is under review. Blown and faulty lights in worship area will need replacing soon.
Regular maintenance works carried out in the church properties, includes annual safety checks and property updates. A new boiler was installed in the church flat and broken washing machine replaced. At 30 Nottingham Road, a new mini fridge/freezer replaced a broken one. Existing windows need replacing to stop heat loss and improve energy performance rating. In view of the cost we will seek grants For these works.
Tenants at 30 Nottingham Road and the church flat had an 8% rent increase in November. Rent for 114 Hainault Road needs to be reviewed with our property agent.
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Thanks once again to the staff team and those that regularly volunteer to keep the building operational.
Blessings to all.
Rae Williams
## **Youth & Children’s Ministry**
## Cornerstone Kids
I want to start by giving a massive thanks to all those that made Cornerstone kids possible in 2022 It was our first complete year after the COVID lockdown and one where we saw growth both in numbers and spiritually
Nothing would have happened without the commitment and enthusiasm of our team of leaders Edna, Helen, Lesley, Lindsey, Jasmine, Melissa and Sheena We were sad to see Jasmine and Mel leave us in the summer as they moved on to pastures new and then Helen at the end of the year as she started her married life with Glynn. They have all been sorely missed and we thank God for all that they brought to the team over the years. I would also like to thank Kovalan for all the tech support that he gives us on a Sunday morning
In Spring term we decided to follow the theme of Philippians that the adults and youth were looking at, as we believe that it is good for families to learn together and our hope was that families would be able to share what they were learning in their different groups
We continued this in the Summer term looking at the Lord’s prayer together, covering topics such as holiness, Gods family, his kingdom, failure and forgiveness
In the Autumn Term, recognising that the months ahead would be tough for many families and institutions we anticipated that this would have a knock on effect for some of our children. In light of that we looked at various characters in the bible who ended up in the desert and how God met them there and provided for them in a variety of ways
Although we have different leaders each week, each session follows the same structure as we look at that days theme
Welcome and Introductions, Worship, Refreshments, Videos, Discussion, Games, Craft, Reflection and Prayer all based around that days theme.
There has been lots of learning and laughter as well as times of reflection and it has been a joy to see many of the children worshipping freely and growing in their own journey with Jesus.
It has also been a year when we have seen new children joining. We have also enjoyed having some sessions where Youth and Children met together - this was done out of necessity to a certain extent as our leadership team was small but it was great to see all the young people come together
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Thanks again to everyone that has made Cornerstone kids possible and if you would like to join the team please speak to Joey or Bill.
We have an amazing group of young people at The Cornerstone and it is a real joy and privilege to work with them.
## Cheryl Reid
## - Youth Ministry January 2022 January 2023
As you may know, I (Joey) work at Leyton Sixth Form College (LSC) as well as Cornerstone Church, so will be detailing the work I do at both organisations. I will use the abbreviation LSC when describing college work and will refer to all work at Cornerstone under the name Cornerstone Youth.
January 22 – March; In January 2022, Cornerstone Youth opened its Friday night youth club as a social and safe space. Over the course of the year, we have had between 20-30 young people attending each week, and it has been a great place of connection, expression, and progression. On Tuesday’s Youth Church, it’s been great to welcome new team members Casey and Thaddeus who have added a lot to the team. At LSC, part of the youth work has been supporting the Christian Union and TPAC groups (Talk, Play and Chill). We also started ‘Street talk’ where we pick engaging topics and chatted on the street with hundreds of students.
April -June; Easter time at Cornerstone Youth is always a highlight, and we engaged in several events, including a Passover meal, and helping to shape the Easter Sunday service. At LSC, we relaunched our personal development program, successfully partnering with local agencies including Waltham Forest sexual health, Citizens UK, and CGL drugs and alcohol service. As well as running groups, Joey offers one to one mentoring and coaching, here are some quotes from students he worked with last year; _‘Joey was always positive and optimistic_ and _he helped me love myself.’ ‘I felt like joey really was there to talk to about my hardships and struggles.’_ ‘ _Joey made me feel I can achieve all of my goals and showing me that change starts when you actually do something about it.’_ It’s great to make a difference.
July – August; Joey took some time off in July, before helping Cornerstone host a four-day holiday club for 30 children in August, which I will detail under Holiday Clubs. August was also spent in prayerfully planning and preparing for a busy September.
September – October; At LSC, Youth Work in September was focused on welcoming new students, social prescribing and creating community. Various initiatives were trialled to connect students, and lots of time was spent doing detached work. Joey also took on a weekly form tutorial group with 26 students. At Cornerstone Youth, it was good to continue to build community and our Sunday mornings have seen lots of new attendees, the team has worked hard to create an engaging and inclusive time. Our focus this term was knowing God in the desert, looking at different bible stories and applying it to our lives.
November - December; At Cornerstone’s Friday Night youth club we appointed Dionne to come and help support the work, thanks to some funding from Waltham Forest. Dionne, as well as Tayyab and Cheryl, have made a significant impact in developing the relationships and events at youth club. It’s been great to see some leadership development from our Tuesday night team, with many of the young leaders stepping up to lead in different capacities. Cornerstone Youth also had the joy of preparing and delivering a Christmas community open mic fundraiser where we raised over £50 and saw 10 acts performing. At LSC, Joey got an internal promotion helping co-ordinate the work relating
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to Equality, Diversity and Belonging, which has given him a cross-college platform to engage staff and students.
January; has already been a great month! At LSC, Joey has been helping students think about their next steps and we’ve seen the growth of a Christian Student Union, much to the joy of the students attending. At Cornerstone, Friday and Tuesday nights have been going well. Sunday mornings have seen a combination of youth and children’s work, as we are still in need of more team. If you know anyone interested in volunteering, please let me know!
I am grateful to the team, and to God for all that we have seen in 2022 and look forward to what comes this year.
Joey Mitchell
## Building usage
Cornerstone has been a hub of events, throughout 2022 it has been a base for many groups like, CGL café life, who book with us every Wednesday and will soon be adding an additional day with us hopefully from April. We also have Zoey who holds regular Zumba class ever week.
Our most recent regular booking is Slimming World who book with us every Saturday. Other users who hire with us are Waltham Forest ladies and most recently is our local Councillor who hosts their local surgery every month.
As well as our regular bookings our building continues to be popular with the community with our hall hire on the Saturdays.
Jayne Perridge
Church Administrator
## Baby Bank
This year the work of the baby bank has continued to grow and develop as we served local families in need. We had a new coordinator, Chrissie, join us part-time in May.
In 2022 we have supported 108 families with at least one parcel of preloved baby essentials. These parcels have included everything from new-born prams, clothing and nappies to maternity clothes and breastfeeding kits for mums. In particular we have provided 31 new-born baby packs. In many cases parents came into the baby bank and were able to choose these things for their baby.
29 volunteers have helped to make all this happen by sorting donations, assembling parcels, and connecting with mums at our free weekly Mum & Baby Drop-In. It has been lovely to see local mums volunteering with their babies in tow as well as members of the church and a local fitness group.
"Volunteering at the baby bank has been such a wonderful addition to our week. It's been great to be able to spend time during maternity leave in a welcoming and baby friendly environment whilst supporting our local community. I love packing the new-born baby packs thinking of the mums and babies and what would be helpful in their first few months together".
-local mum & regular volunteer
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We have received a steady flow of referrals from midwives, social workers and other local professionals supporting vulnerable families.
"I think you are doing an amazing job in actioning referrals very quickly for parents". - Early Help Engagement Advisor
We have had the privilege of serving many pregnant mums who have recently come to our area seeking asylum and arrived with nothing. After the arrival of their babies several of them have become regulars at our Mum and Baby Drop-In and one family has made Cornerstone their church home. Throughout the year we have connected with so many courageous parents from vast range of cultures who all want the best for their children. In addition to providing material support we have been able to befriend some parents, help them to connect with other families and signpost them to additional support.
In 2023 we look forward to continuing this meaningful work and looking for ways to expand further the support we can offer.
## Christine Skead
## Cornerstone Baby Bank Co Ordinator
## Tuesday Lunch Club (TLC)
TLC continues to be a place of friendship and support for a growing number of older people in our community. A number of new people have joined the group over 2022 each week enjoying delicious food and good company. Cheryl has cooked up a wonderful variety of dishes each week with our Iranian friends as well helping to host and set up each week, also bringing their ‘Persian’ flavours to the cooking as well. As well as food, most weeks will also feature one of the guests or hosts sharing a thought for the day, plus occasional quizzes. Particular highlights of the year were the Queens Jubilee TLC which featured coronation chicken and our own version of the official Jubilee pudding and the TLC Christmas dinner at which the Vicar dressed up as Santa!
We are so grateful for the team of Cheryl, Reza, Hannah, Amir, Mina, Ali and Joey for hosting TLC each week and Grace of course who performs the important role of TLC banker!
## Holiday Clubs.
In August, we held a holiday club for three days. We chose a global theme, Cheryl worked hard turning the church into the continents, and 30 children attended. Each day had a teaching point on a different theme as well as the craft, sport, and dance options. The highlight for many was the drumming workshop, the dance workshop and doing a sports day at LSC! Once again, every child who attended was incredibly impacted, and we were asked to run it for the whole summer! The team was made up of 9 incredible volunteers aged 19-60!
We were delighted to provide the children with such a memorable time but also to have continued to build relationships with families that we originally met through other community projects. We look forward to future Holiday Clubs!
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## Outreach
In January 2022, we started a new initiative which we called Tuesday take out. This started as a giveaway of hot chocolates to the local primary and second school students and parents. As well as a time to build relationships, we also used this as a space to invite people to join in some special after school events. We started with a pancake party, which saw 60 children in attendance, we followed this up with a good Friday hot cross brunch, and a light party as an alternative to Halloween. At Tuesday take out, we have given away hundreds of hot chocolates, and have seen close to a hundred children and adults come and engaged with our after school events. Some of these families have even joined in our Sunday worship.
## Holiday Hunger
As winter began in 2022, we realised the cost-of-living crisis was deepening and we were witnessing many families in our community struggling more than ever before. Lesley Perkins and Lindsey Donoghue decided to offer certain families facing particular hardship a hamper to help them both practically and to encourage and bless them.
We worked with local schools and checked our own networks to identify 17 of the most vulnerable families. We spoke to local businesses and supermarkets and Gwyn Jones primary did an appeal to gather food essentials and Christmas treats. Along with volunteers from the school, the community, and the school we got together and packed a hamper full of treats and goodies, we placed them all in a basket and wrapped it with a bow. 11 of the families also received a food parcel of essentials including meat for meals over the Christmas period.
The response from families was overwhelming, with some crying upon receipt of the hamper and the joy on the children's faces was really encouraging.
Thank you to everyone who supported this project we hope to continue to support these families in the future.
Lindsey Donoghue
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## CORNERSTONE UNDER 5s PRE SCHOOL-Jan 2022
Occupancy
Occupancy levels for Spring Term 2022 was 82%, this then raised to 92% in summer term 2022. Autumn Term the occupancy level was 73%.
## Ofsted
22[nd] March 2022, we had our Ofsted inspection. Although the report was very positive, the overall grade did not reflect that. We were given ‘Requiring Improvement’, after two appeals, the grade given still stood. Everyone was very upset, but this did not hinder everyone from doing their job.
We continue with passion to support our children.
We are working together with the local authority who have been supporting the setting with visits, to see if further support is needed. The visits have gone well. A further meeting with the Deputy Head of WF Early Years with Elisha Wilkinson, was extremely positive.
We will be inspected within a year and are hopeful that the grade will change.
Complaints
No complaints to report.
Training, training plan and funding for training
Staff continue to complete their continued professional development.
The preschool Leader started her level 5 training as ‘Advanced Early Years Practitioner Lead’, in February.
The 1:1 SEND worker started her Cache Level 2 Diploma ‘Early Years Practitioner in September 2022.
The Deputy Preschool Leader has undertaken a ‘Being Two Project’ with the LA and this will spread over 9 months.
## Committee
No changes to the committee.
Toddler Group
The toddler group continues to thrive.
## Christian Ethos
The Christian ethos continues to be embedded in everyday practice.
We have a rota that allows staff to participate in Christian songs, stories, and discussions.
I would like to thank all the staff, management committee and parents.
Thank you, Ruby Marwat,
Cornerstone Under 5s Business Manager
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## **FINANCIAL REVIEW - 2022**
Overview of Cornerstone’s activities, split by “Church” and “Pre-School” ( _‘Under5s’_ ) highlights:
|**Income**
Unrestricted
Restricted
Total Income
**Expenditure**
Unrestricted
Restricted
**Total Expenditure**
Net Income / (Expenditure)|**Church**
169,360
87,471
256,831
187,929
75,706
263,635
( 6,804)|**Under5s**|
|---|---|---|
|||161,912
24,990
186,902|
|||157,914
24,990
182,904|
||(|3,998|
_Note: Amalgamated Statement of Financial Activities (page-19) excludes Under5s rental payments to the Church, which total £16,500 (or £1,375 monthly); given the respective entities are divisions of the same charity (Cornerstone), finance practice is to contra these items or netting occurs between them._
While UK COVID-19 restrictions were removed during the reporting period, geopolitical events served to influence global macroeconomics and gave rise to the current “Cost of Living” crisis. With a range of related issues affecting households, it is unclear how inflationary pressures will affect Cornerstone income / expenditure dynamics precisely over the medium-term but the Trustees (PCC), will continue to monitor matters closely and take prudent financial action, as appropriate.
Unrestricted income (funds available for General Mission / Ministry activities) was £169,000 approx. representing ~8% or £13,000 recovery vs. the comparable period (2021) but _excluding_ funds relating to the Coronavirus Job Retention Scheme’ (£5,139), this figure increases to 12% (£18,275).
Overall income composition is unchanged largely, via various donations (service collections, regular giving etc.) and from property rentals (residential, commercial via the Community Centre), where the historic income split was around 40% (donations) vs. 60% (rentals) but as noted above global events affected this materially.
Perhaps understandably donations (£46,122) were affected most, reducing ~14% vs.2021 (£7,303) and 44.1% (£36,394) since pre-pandemic (2019). Cornerstone building rentals also fell as a direct result of COVID-19 restrictions, but residential property income was more resilient. Combined property revenues that represented 60.5% of total pre-pandemic
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income (or £130,042), accounted for 70.4% of 2022 income flows (£119,182), representing an overall recovery to ~92% of 2019 values.
While macroeconomic conditions remain challenging, Cornerstone’s financial outlook appears more stable relative to COVID-19 and with increased use of the ‘Parish Giving Scheme’, expectation is for improvement in ‘Donation’ trends over time.
Expenditure trends reflected shifts in external conditions (cost inflation) but also changes in staffing mix. Costs increased 16% (~£26,000) to £187,929, which was ~97% of pre-pandemic total.
Unrestricted Net Deficit was £18,570 (vs. ~£5,700, 2021) and provides an illustration of how acute external conditions have impacted financial metrics.
Actual year-end cash / liquidity position was £139,060 (£145,864) but after adjusting for ‘Restricted Funds’ of £36,725 (£24,960), Unrestricted Funds’ totalled £102,335 (£120,904); latter is comprised of ‘Parish Fund Current’ at £70,186 (£92,960) and the ‘Replacement Fund’, £32,148 (£27,944).
|An alternate liquidity representation illustrated in the Balance Sheet, is as follows:|An alternate liquidity representation illustrated in the Balance Sheet, is as follows:|
|---|---|
|Bank and Cash Balances|£ 122,482|
|Other Net Assets|(£20,147)|
|Unrestricted Funds|£102,335|
|Restricted Funds|£ 36,725|
||£139,060|
|Freehold Assets|£360,900|
|Total Assets / Funds|£499,960|
Looking ahead, 2023 Budget shows ~£62,000 deficit (includes unfunded Centre Manager position), which if realised reduces ‘Parish Fund’ to ~£8,000 from its 2022 year-end position of £70,186. As noted, the ‘PCC’ continues to monitor matters closely and will take early action where necessary.
Under5s ‘Pre-School’ had Unrestricted Income of £161,912 (£163,300) similar to the previous year, while expenditure increased by 2.7 % to £157,914 (£153,752). Net Unrestricted Income was down at £3,998 (£9,548) although it still finished the year with a strong cash balance of £103,188 (£99,190).
14
## **Reserves**
Trustees reviewed position in February 2022.
Based on current estimates reserves required are:
|Under5s|£55,000|
|---|---|
|Budgeted Deficit|£62,000 (2023)|
|Budgeted Deficit|£71,000 (2024)|
|Youth Worker*|(£16,000)|
|Total required reserve|£172,000|
|Our current reserve is|£173,374|
Based upon above the Trustees (PCC) are confident the Charity remains a viable going concern. However, the Centre Manager position (referenced earlier), will be consider for new funding (~£45k).
_* Youth Worker financed from Restricted income_
## **RISK STATEMENT**
In common with other churches and charities the PCC faces risks, be they operational, financial or reputational. The PCC continues to consider the major areas of risk to which it is exposed, measuring both the likelihood and impact of a particular 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 the Charity (Accounts and Reports) Regulations 2008, the PCC is required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of affairs of the church. Cornerstone is required to
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether the policies adopted are in accordance with the Church Accounting Regulations and with the applicable accounting standards
4. Prepare the financial statements on a going concern basis.
15
Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts comply with applicable accounting standards and with the Statements of Recommended Practice and Regulations made under section 130 of the Charities Act 2011. Trustees have a responsibility to safeguard the church’s assets and to take reasonable steps to prevent fraud and other irregularities.
The PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (covering its obligations to safeguard children and vulnerable adults).
New members of the PCC (Trustees) are appointed by the church members and are given a copy of the Charity Commission booklet for Trustees and an explanation of their responsibilities as trustees.
## **APPROVAL**
This report was approved by the Trustees on 15[th] May 2023 and signed on their 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 examination of the accounts of the Charity for the year ended 31 December 2022 on pages 19 to 35 following, which have been prepared on the basis of the 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 accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity’s gross income exceeded £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 the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Archie McDowall BA CA Institute of Chartered Accountants of Scotland 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 2022
|**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**|**2022**
**2021**
**£**
**£**
46,724
54,164
102,682
80,345|
|---|---|---|
|||2,056
305
163,308
162,038
0
6,172|
|||**314,771**
**303,024**
16,667
21,665
312,675
277,534
**329,343**
**299,199**|
||**NET UNRESTRICTED INCOME**|**(14,571)**
**3,825**|
||**Balance Brought Forward**|**580,995**
**577,170**|
||**Balance Carried Forward**|**566,424**
**580,995**|
|||87,471
33,998
24,990
12,269
**112,461**
**46,267**
100,696
61,324|
||**NET RESTRICTED INCOME**|**11,765**
**(15,057)**|
||**Balance Brought Forward**|**24,960**
**40,017**|
||**Balance Carried Forward**|**36,725**
**24,960**|
||||
||**TOTAL NET INCOME**|**(2,806)**
**(11,232)**|
||**Total Balance Brought Forward**|**605,954**
**617,186**|
||**Total Balance Carried Forward**|**603,148**
**605,954**|
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 2022
Account 31 Dec 2022 31-Dec-21
£ £
Fixed Assets
Tangible Assets 360,900 360,900
Total Fixed Assets 360,900 360,900
Current Assets
Debtors 8,984 8,240
Payments in advance 0 0
Cash Advances 828 0
Cash at bank and in hand 260,316 246,558
Total Current Assets 270,128 254,798
Creditors: amounts falling due within one year
Receipts in advance 988 0
Creditors 24,623 8,338
Deposits 1,286 1,039
Barclaycard 983 367
Total Creditors: amounts falling due within one 27,880 9,744
Net Current Assets (Liabilities) 242,248 245,054
Total Assets less Current Liabilities 603,148 605,954
Funds
Parish Fund
Parish Capital 360,900 360,900
Parish Fund Current 70,186 92,960
Replacement Fund 32,148 27,944
Total Parish Fund 463,234 481,804
Restricted Funds 36,725 24,960
Under 5s General 48,188 44,190
Under 5s Restricted 0 0
Under 5s Reserve 55,000 55,000
Total Funds 603,148 605,954
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 2023 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 2022
|**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**|**2022**
**2021**
**£**
**£**
46,122
53,425
119,182
96,845
1,715
72
2,341
744
0
5,139
**169,360**
**156,224**
16,667
21,665
171,262
140,282
**187,929**
**161,947**|
|---|---|---|
||**NET UNRESTRICTED INCOME**|**(18,569)**
**(5,723)**|
||**Balance Brought Forward**|**481,804**
**487,527**|
||**Balance Carried Forward**|**463,235**
**481,804**|
|||87,471
33,998
0
0
**87,471**
**33,998**
75,706
49,055|
||**NET RESTRICTED INCOME**|**11,765**
**(15,057)**|
||**Balance Brought Forward**|**24,960**
**40,017**|
||**Balance Carried Forward**|**36,725**
**24,960**|
||||
||**TOTAL NET INCOME**|**(6,804)**
**(20,780)**|
||**Total Balance Brought Forward**|**506,764**
**527,544**|
||**Total Balance Carried Forward**|**499,960**
**506,764**|
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 2022
**----- Start of picture text -----**
Account See Notes 31 Dec 2022 31 Dec 2021
£ £
Fixed Assets
Tangible Assets 12 360,900 360,900
Total Fixed Assets 360,900 360,900
Current Assets
Debtors 13 10,184 8,840
Deposits held 15 0 0
Cash Advances 828 0
Cash at bank and in hand 14 159,207 148,694
Total Current Assets 170,219 157,534
Creditors: amounts falling due within one year
Receipts in advance 988 0
Creditors 16 28,508 10,943
Deposits received 15 680 360
Barclaycard 983 367
Total Creditors: amounts falling due within one year 31,159 11,670
Net Current Assets (Liabilities) 139,060 145,864
Total Assets less Current Liabilities 499,960 506,764
Funds
Parish Fund
Parish Capital 360,900 360,900
Parish Fund Current 70,186 92,960
Replacement Fund 17 32,148 27,944
Total Parish Fund 463,234 481,804
Restricted Funds 36,725 24,960
Total Funds 499,960 506,764
`
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 2022
**----- Start of picture text -----**
2022 2021
Unrestricted £ £
Unrestricted Income
Job Retention Scheme 0 5,139
Community Outreach 2,261 189
Discipleship 0 0
Giving 46,122 53,425
Leadership 80 295
Parish Administration 1,715 72
Properties 56,791 52,973
Running the Building 62,391 43,872
Youth and Children 0 260
Total Unrestricted Income 169,360 156,224
Unrestricted Expenditure
Community Outreach 6,951 3,459
Discipleship 1,576 963
Giving 15,220 16,520
Leadership 100 240
Parish Share 43,994 46,048
Salaries 44,908 35,149
Parish Administration 6,917 6,887
Properties 16,667 21,665
Running the Building 48,579 28,784
Sunday Worship 1,084 936
Youth and children 1,933 1,296
Total Unrestricted Expenditure 187,929 161,947
Total Unrestricted (18,569) (5,723)
Restricted - See page 26 for further details
Restricted Income 87,471 33,998
Restricted Expenditure 75,706 49,055
Total Restricted 11,765 (15,057)
Analysis of Tithes paid to various Christian Charities 2022 2021
Tithes £ £
Tithe - Bethnal Green Mission Church 750
Tithe - Burn 24/7 1,000
Tithe - Christian Kitchen 1,000
Tithe - Christians Against Poverty 1,000
Tithe - Dayspring Christian Ministries - Sue Chapman 1,500
Tithe - Elim Church Leyton 750
Tithe - Forest Churches Night Shelter 1,250
Tithe - Haven House Childrens Hospice 0
Tithe - London City Mission 1,000
Tithe - My Child Ministry 1,640
Tithe - New Wine 1,500
Tithe - Open Doors 750
Tithe - Samara's Aid 0
Tithe - Samaritans Leyton 0
Tithe - Spark 2 Life 750
Tithe - Stop the Traffik 500
Tithe - The Feast 0
Tithe - Waltham Forest Youth for Christ 1,250
Tithe - WhippsX League of Friends 0
Tithe - Women in Tune 600
Tithe - Word 4 Weapons 0
Tithe - The Wall of Answered Prayer 500
Unallocated Tithe 15,100 660
Total Tithes 15,100 16,400
Evangelical Alliance 120 120
15,220 16,520
**----- 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 2022
## 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 2022
## 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 2022
**----- Start of picture text -----**
3 Fund Movements 2022
Balance Balance
Gains and
Fund Name Brought Income Expenditure Transfers Carried
losses
Forward Forward
Restricted Funds
Baby Bank Fund 2057 3384 2043 3398
Baby Bank - Community Fund -315 -315 0
Boiler Replacement Fund 0 50610 50610 0
LBWF Baby Bank - Support for
Vulnerable Residents 0 9800 4786 5014
Cornerstone Baby Bank 0 828 737 91
Staff Farewell 196 196 0
Burn Fund 1560 622 1070 1111
Tuesday Lunchtime Club 0 320 320 0
Citizens UK Fund 813 813
Fellowship Fund 4932 1200 6132
Financial Support personal 1855 1855
Holiday Hunger Fund 733 606 804 535
Holiday Hunger - Freshfields 0 0
Tesco Community Grant 0 1125 1125
LBWF Grant-Warm Spaces/Community L 0 4405 1037 3368
Holiday Hunger Volunteer Fund 0 0
Arnold Clark Fund 0 1000 145 855
Friday Youth Club LBWF Grant 0 930 450 480
Howard Reid Memorial Fund 1075 1075
Kids Matter - Freshfields 2360 2360
LBWF Holiday Hunger 0 0
MMU Grant 0 0
My Child Fund 0 330 330 0
Near Neighbours Fund 0 0
Night Shelter Fund 364 364
Upper Room Intercessory Fund 549 549
Youth Trips Fund 250 250
Youth Worker Fund LOB Grant 0 0
Youth Worker Fund 6th Form College 7000 11025 10675 7350
Youth Worker Fund General 1530 1288 2818 0
Total Restricted Funds 24960 87471 75706 0 0 36725
Parish Fund
Properties 360900 0 0 0 0 360900
General 92960 169360 187929 -4204 0 70186
Replacement Fund 27944 4204 0 32148
Total Parish Fund 481804 169360 187929 0 0 463234
Total All Funds 506764 256831 263635 0 0 499960
Transfer from General Fund
Annual Contribution to Asset Replacement Fund 4204
4204
4 The assets and liabilities represented by the 2022 funds are as shown below
Bank & Cash Other Net
Fixed Assets Balances Assets Total
Unrestricted Funds 360,900 122,482 -20,147 463,235
Restricted Funds 36,725 36,725
360,900 159,207 -20,147 499,960
**----- End of picture text -----**
26
## Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2022
**----- Start of picture text -----**
5 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 Re 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
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
**----- End of picture text -----**
## **Transfer from General Fund**
Annual Contribution to Asset Replacement Fund
4204 4204
27
Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2022
## 6 **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|
|---|---|
## 7 **Tuesday Lunch Club**
The expenditure for the year was £1614 (£0 in 2021)and the income was £2082 (£0 in 2021).
## 8
## **Stewardship**
There has not been a major Stewardship Campaign this year. Overall our giving was at £46,122 (£53,425 in 2021).
|9|**Fellowship Fund 2022***The gifts distributed from the fund supported no individuals by the amounts shown below
General
Earmarked
Total
0
0
**Balance Brought Forward**
4,933
40
4,973
**Gifts received**
1,200
1,200
6,133
40
6,173
**Gifts Distributed***
0
0
**Net Balance Carried Forward**
6,133
40
6,173
**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|
|---|---|
## 10 **Independent Examiners Fees**
The accounts for 2022 have been Independently Examined by Stewardship. The fee for this service is £1370 (£1370 in 2021). 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 2021.
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 2022
**----- Start of picture text -----**
13 Debtors
2022 2021
Gift Aid Recoverable 965 2,278
Property Rents 3,561 3,764
Youth Grant 0 0
HMRC Employment Allowance 2,605 1,523
Other Debtors 3,053 1,275 This includes £1200 (£600 for 2021 and £600 for 2022) "internal debtor" from Under 5s .
10,184 8,840
14 Cash at Bank at 31st December 2022 2021
Parish Community Account 27,102 18,303
Central board of Finance 132,105 130,390
Cash in hand 0 0
159,207 148,694
15 Deposits 2022 2021
Tenancy deposits held 680 360 In addition a total of £2,950 is held by TDS in respect of Tenants' Deposits
16 Creditors 2022 2021
Utility Charges 2,476 1,785
Independent Examination - Stewardship 2,040 2,040
Tithes 15,760 2,160
Other Creditors 8,232 4,958
28,508 10,943
**----- 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
2021
Total
Contribution to
31/12/21
Contributions
2022
Total
Contribution
to 31/12/22
Replace
ment Year
Replacement
Value
0
8300
0
8300
2020
9,000
371
2226
371
2597
2023
2,600
1190
7140
1190
8330
2026
11,900
493
2958
493
3451
2031
7,400
1170
4680
1170
5850
2028
11,700
480
1440
480
1920
2029
4,800
200
600
200
800
2034
3,000
300
600
300
900
2025
1,500
**4204**
**27944**
**4204**
**32148**
**51900**|
|---|---|
29
Parochial Church Council of St Catherine and St Paul Leyton Notes to the Financial Statements For the year ended 31st December 2022
18 **Employees and Trustees** During the course of the year the following staff were employed. Youth Worker full time Administrator part time Verger part time To May 2022 Cleaner part time Baby Bank Co-Ordinator part time From May 2022 Finance Officer part time These equate to approximately 2.5 full time equivalent employees The total cost of employees for the year was £63,921
|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|**2022**
**2021**
53,246
57,825
2,179
2,492
3,178
1,632
574
573
1,205
1,165
60,381
63,687
3,149
3,075
-1,115
-1,395
1,506
1,456
63,921
66,822|
|---|---|
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. During the year employer’s pension contributions totalling £1,506 (2021: £1,456) were payable to defined contribution personal pension schemes. (No pension contributions were owing at the balance sheet date (2021: £nil).Remuneration and employee benefits paid to key management personnel for the church and community centre amounted to £43,312 (£36,646 in 2021).£19,038 of this was charged to restricted funds in respect of the employment of two more workers. 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 2021) 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 £ 0(£1,250 in 2021). Our tithe gift to Christian Kitchen was £0 (£1,000 in 2021). Kovalan Paramanantham, a trustee, provides computing services to the Cornerstone through his company Aquilative Technologies. The total services provided amounts to £2,181 (£1,984 in 2021) _._ Appropriate declarations of interest were made in each instance. The Trustees made identifiable aggregated unrestricted donations of £24,679(£29,145 in 2021) and restricted donations of £357 (£1,791 in 2021) to the Charity during the year.
## 20 **Operating Lease**
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 2022
**----- Start of picture text -----**
2022 2021
See
UNRESTRICTED £ £
Notes
INCOME 2
Donations and Legacies 603 739
Other Trading Activities
Income from Investment 341 233
Income from Charitable Activities 160,967 161,294
Income from Grants Covid Related 0 1,033
Total INCOME 161,912 163,300
EXPENDITURE 3
Expenditure on Raising Funds
Expenditure on Charitable Activities 157,914 153,752
Total EXPENDITURE 157,914 153,752
NET UNRESTRICTED INCOME 3,998 9,548
Balance Brought Forward 99,190 89,642
Balance Carried Forward 103,188 99,190
RESTRICTED
RESTRICTED INCOME
Donations and Legacies
Income from Charitable Activities 24,990 12,269
Total RESTRICTED INCOME 24,990 12,269
Expenditure on Charitable Activities 24,990 12,269
NET RESTRICTED INCOME 0 0
Balance Brought Forward 0 0
Balance Carried Forward 0 0
TOTAL
TOTAL NET INCOME 3,998 9,548
Total Balance Brought Forward 99,190 89,642
Total Balance Carried Forward 103,188 99,190
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 2022
**----- Start of picture text -----**
Account See Notes 31-Dec-22 31-Dec-21
£ £
Fixed Assets
Tangible Assets
Total Fixed Assets 0 0
Current Assets
Debtors 5 3,885 2,605
Cash at bank and in hand 4 101,109 97,865
Total Current Assets 104,994 100,469
Creditors: amounts falling due within one year
Creditors 6 1,200 600
Deposits 606 679
Total Creditors: amounts falling due within one year 1,806 1,279
Net Current Assets (Liabilities) 103,188 99,190
Total Assets less Current Liabilities 103,188 99,190
Funds
Under 5s General 48,188 44,190
Under 5s Restricted 0 0
Under 5s Reserve 55,000 55,000
Total Funds 103,188 99,190
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 2022
## 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 £24,990 (£12,269) 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 2022
## 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 2022**
**Actual 2021**
**Remarks**
£
£
603
739
26,449
18,589
133,306
141,860
0
1,033
1,213
845
160,967
162,327
341
233
161,911
163,300
24,990
12,269
186,901
175,569|
|---|---|
|**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 2022**
**Actual 2021**
**Remarks**
£
£
154,607
137,807
2,809
3,524
0
0
66
883
696
597
2,516
1,483
509
126
16,500
16,500
931
914
1,460
567
445
395
219
1,259
430
558
600
662
218
199
898
546
182,904
166,021
**2022**
**2021**
21,109
27,865
0
0
80,000
70,000
**101,109**
**97,865**|
|---|---|---|
34
## Parochial Church Council of St Catherine and St Paul Leyton
## Under 5s
## Notes to the Financial Statements For the year ended 31st December 2022
**----- Start of picture text -----**
5 Debtors 2022 2021
HMRC CJRS 0 0
Fees 0 0
Cornerstone -Employment Allowance Share 3,885 2,605
3,885 2,605
6 Creditors 2022 2021
HMRC SSP Overclaimed 0 0
Independent Examiners Fee 1,200 600
Other 0 0
1,200 600
7 Deposits Held 2022 2021
606 679
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 £145,764 (2021 £137,806).
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 £63,138 in the year (£67,005 in 2021).
|Net Pay
Employees NI
Tax
NEST Pension Contributions
Total Gross Pay
Employers NI
Employment Allowance
Maternity Pay recovered
NEST Pension Contributions
Total|**2022**
**2021**
129,332
116,322
5,344
5,324
7,965
6,100
3,123
2,631
145,764
130,377
8,270
6,746
-3,885
-2,605
0
0
3,904
3,289
154,053
137,806|
|---|---|
During the year employer’s pension contributions totalling £3,904 (2021: £3,289) were payable to defined contribution personal pension schemes. [No pension contributions were owing at the balance sheet date (2021: £nil).]
## **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 (£600 in 2021) and no other payments were made.
35