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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Charity Registration Number: 1138028

Report & Accounts 31 December 2020

Simply Churches Chartered Accountants 17 Heathville Road London N19 3AL

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Report and Financial Statements 2020 Contents

Page
Legal & administrative information 1
Report of the Parochial Church Council 3
Independent Examiner's report to the Parochial Church Council 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Report and Financial Statements 2020 Legal and administrative information

Charity Name

The Parochial Church Council of the Ecclesiastical Parish of St Ann, South Tottenham.

Charity no

  1. The church was registered with the Charity Commission on 15 September 2010.

Principal Addresses

Avenue Road, London, N15 5JH

The Governing Parochial Church Council Powers Measure (1956) as amended and Church Representation Document Rules (2020). Objective Promoting in the ecclesiastical parish the whole mission of the Church.

PCC Members

The Members of the PCC who served during the year or who were serving at the date of this report were:

Clergy Revd Jess Swift Churchwardens Jasmin Archibald Owen Sloman Representatives on the Catherine Orakwue Deanery Synod Nesta Murray Elected Lay Anne Goodhew Representatives Lissant Bolton William Jeffries Huw Richards Joy Windsor Corlene Baird Rob Horsley Keith Jackson Alex Neofytou Kathy Greenfield Ofuma Hall

Key Management Those in charge of directing, controlling, running and operating the Church on a day to day Personnel basis are the Vicar (Jess Swift), a Church Warden (Jasmine Archibald) and the Administrator (Katharine Phillips).

Bankers

Barclays

Architect Clive England Thomas Ford & Partners

Independent John Helm ACA Examiner Simply Churches Limited 17 Heathville Road London N19 3AL

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Report of the Parochial Church Council For the year ended 31 December 2020

The Parochial Church Council of St Ann, South Tottenham (“PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2020. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

1.1 Trustees

The PCC is a body corporate with perpetual succession. Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The PCC met 7 times during 2020 and discussed a wide variety of subjects relating to suspended worship, finance and general administration including the furlough scheme and making various decisions concerning the mission and ministry of St Ann’s. There were a few particularly significant areas of discussion throughout the year focussing on pastoral care during the pandemic.

1.2 Executive

The Standing Committee has the power to transact any business of the PCC between its meetings, subject to any directives given by the PCC, and in 2020 comprised of the churchwardens (of whom one was the vice-chair) and two appointed PCC members.

1.3 Church Attendance

The Electoral Roll revised in preparation for the Annual Parish Church Meetings (APCM) held in October 2020 comprised of 136 members.

1.4 Risk Management

The PCC’s primary concern and objective is the evangelisation and discipling as well as the pastoral care and exercising of gifts of individuals for the glory of God. Whilst it is the PCC’s policy to trust wholly in the Lord that He will work out His purpose to this end, the church also acknowledges that it has a responsibility, both as individual Members and as a body of Members, for the identification and proper management of risks faced by the PCC in achieving its primary aim. The PCC has therefore assessed the major risks to which the PCC is exposed, in particular those relating to the specific operational areas of the charity, its investments and its finances. The PCC believes that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the church, it has established effective systems and procedures to mitigate those risks.

2. Activities

Much of the year was shaped by the restrictions that were placed from 23 March 2020. Many of our activities, including public worship in the church building, were suspended. Those initial months were marked by a renewed commitment in faith and prayer, in relationship and Bible study. There was an emphasis on making worship accessible and attending to pastoral care and building relationships with new partners to offer support to the community. It felt like there was a drawing together as a church and into the community and an experience of leaning in to God.

There were opportunities to learn and develop. Being online opened up new possibilities. Through the Spring, many of us were involved in training opportunities to learn from what was emerging. On 5 July, the church was opened for Private Prayer, a new experience. In general, we had approximately 15 people come to pray quietly. We started our first Alpha online in June. On 6 September, we began Public Worship. It took some adjusting to being back in the building, to being socially distanced and not being able to sing. As some usual activities resumed, we welcomed a new training student to the team. We started our second Alpha online. There was a bit of a feeling of catching up from previous months.

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Report of the Parochial Church Council For the year ended 31 December 2020

We had our APCM on 18 October. On 8 November, we went back into lockdown, and we moved back to Private Prayer. Restrictions continued, and the PCC decided to suspend public worship through the Christmas season. Our Carol Service was quickly adapted to being on Zoom. We had a Zoom Christingle and only met in church for Communion on 24 December midnight.

In 2020, we had seven funerals, no weddings, six baptisms and thirteen confirmations (two of whom were also baptised).

3. Achievements and Performance

This year has been uniquely shaped by COVID-19 pandemic restrictions. It is hard to report on the year without making reference to our response and adaptations to the restrictions that were in place.

In the middle of March 2020, when worship and all other activities were suspended, the first objective was to work out how to move to online worship. This was the first priority, and we quickly moved to meeting on Zoom, praying on Instagram and worshipping on YouTube. The church building was closed for the first time in living memory. Worship, pastoral care and mission took on an entirely new shape: our buildings were closed; the office was working remotely; and all face to face activities stopping.

This has been a year where we have been challenged to discover new ways of being church together. This has been a year of digging deep into prayer, into Bible study, in building community. Even in our separation, we have continued to reach out to each other and mend and strengthen our relationships. In our sermon series and Bible studies, we have been learning from other experiences of isolation and lockdown, including exploring the book of Jonah. We continue to praise God; we continue to be grateful; and we know through it all, salvation com es from God.

3. Financial Review

The PCC’s main sources of funding are the free will offerings of church members and others in attendance at church meetings, and income from the hiring out the church buildings.

3.1 Financial Activity and Financial Position

The Statement of Financial Activities and Balance Sheet can be found on pages 7 and 8 respectively. The Church’s reserves increased by £0 (2019: increased by £15,406) during the year. The balance sheet shows total net assets of £781,994 (2019: £767,382 as restated).

Included in total funds are amounts totalling £21,459 (2019: £10,609) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor imposed conditions. Full details of these restricted funds can be found in note 9 to the accounts together with an analysis of movements in the year.

3.2 Reserves Policy

The PCC has examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. The PCC considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 3 month’s routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The PCC is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2020 the church had net free reserves of £30,534 (2019: £26,358) as follows:

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Report of the Parochial Church Council For the year ended 31 December 2020

Total reserves
Less: restricted funds
Less: fixed asset investments
Less: tangible fixed assets
Free reserves
Free reserves requirement:
3 month’s budgeted routine expenditure		 2020 2019
£
Restated
767,382

(10,609)

(730,000)
(415)
£
781,993
(21,459)

(730,000)
-
26,358
30,534
30,000
30,000

3.3 Investment Policy

The church currently places spare funds on bank deposit.

4. Plans for the Future

5. Responsibilities of Trustees for the Financial Statements

The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing those financial statements, the PCC is required to:

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports Regulations)2008 and the provisions of the governing document. The PCC is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Report of the Parochial Church Council For the year ended 31 December 2020

6. Approval

The report of the PCC was approved by the PCC on 14 May 2021 and signed on its behalf by:

Revd Jess Swift Chair

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Report of the Independent Examiner to the Parochial Church Council of St Ann, South Tottenham

I report on the financial statements of St Ann, South Tottenham for the year ended 31 December 2020, set out on pages 7 to 18.

This report is made solely to the Parochial Church Council in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Parochial Church Council those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trust and the Parochial Church Council for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF PAROCHIAL CHURCH COUNCIL AND EXAMINER

The Parochial Church Council considers that an audit is not required for this year under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Parochial Church Council concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the church 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.

John Helm ACA 14 May 2021

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Statement of Financial Activities For the year ended 31 December 2020

Note
Income from:
2
Donations and legacies
Charitable activities
Other trading activities
Investments
Total Income
Expenditure on:
Raising funds
3
Charitable activities
4
Total Expenditure
Net income/(expenditure)

Transfers between funds

Net movement in funds
Total funds brought forward as
previously stated
Prior year adjustment
6

Total funds brought forward
(2019 as restated):

Total funds carried forward as
previously stated:

Total funds carried forward
 Unrestricted
Funds
2020
£
Restricted
Funds
2020
£

79,936
52,985
5,629
-
45,901
-
24
-
131,490
52,985
4,644
-
123,174
42,045
127,818
42,045
3,672
10,940
-
-
3,672
10,940
-
-
-
-
756,773
10,609
-
-
760,445
21,549		 Unrestricted
Funds
2019
£
87,909
14,371
58,178
47



Restricted
Funds
2019
£
62,643
-
-
17
62,660
-
81,577
81,577
(18,917)
16,835
(2,082)
12,691
-
12,691
10,609
10,609		 Total
2019
£
Total
2020
£
132,921 150,552
5,629 14,371
45,901 58,178
24 64
223,165
3,532
204,227
207,759
15,406
-
15,406
21,976
730,000
751,976
37,382
767,382
160,505
184,475
3,532
122,650
4,644
165,219
126,182
169,863
34,323
14,612
(16,835)
-
17,488
9,285
730,000
14,612
-
-
739,285
767,382
26,773
-
756,773
781,994

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Balance Sheet As at 31 December 2020

Note
Fixed Assets
Tangible Assets
5
Investments
6
Current Assets
Debtors
7
Cash at Bank and in Hand
Creditors - Amounts Falling Due
Within One Year
8
Net Current Assets
Net Assets

Represented By:
Restricted Funds
9
Unrestricted Income Funds
10
General
Designated
Total Funds
 Unrestricted
Funds
2020
£
-
730,000
730,000
7,771
29,300
37,071
6,626
30,445
760,445
-
738,723
21,722
760,445		 Restricted
Funds
2020
£
-
-
0
-
21,549
21,549
-
21,549
21,549
21,549
-
-
21,549		 Total
2019
£
415
730,000














Total
2020
£
-
730,000
730,415
11,832
36,030
730,000
7,771
50,849

47,862
10,895
58,620
6,626
36,967
51,994
767,382
10,609
750,618
6,155
781,994
21,549
738,723
21,722
767,382
781,994

The financial statements were approved by the PCC on 14 May 2021 and signed on its behalf by:

Ofuma Hall Treasurer

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe an affiliation to another body or those that are informal gatherings of church members.

The PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of church premises which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and support costs.

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

Tangible Fixed Assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Other Fixtures, Fittings & Office Equipment

The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a straight line basis over the effective useful life of the asset, which has been estimated as follows:

Sound System: 4 years

Fixed Asset Investments

The PCC owns two residential investment properties which are stated at market value.

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

The funds held by the charity are either:

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

2. Income

Donations & legacies
Offerings and donations
Income tax reclaimed
Grants

Charitable activities
Fee income (weddings and funerals) (net)
Bookstall
Fowler Newsam Hall recharges

Other trading income
Lettings income – church hall flats
Lettings income – church hall
Mast income

Investments
Bank Interest
 Unrestricted
Funds
2020
£
55,838
7,076
17,022

79,936
1,620
-
4,009

5,629
24,600
5,001
16,300

45,901
24

131,490		 Restricted
Funds
2020
£
7,355
201
45,429
52,985
-
-
-
0
-
-
-
0
-
52,985		 Total
2019
£
84,454
9,030
67,068
Total
2020
£
63,193
7,277
62,451
160,552
4,226
145
-
132,921
1,620
-
4,009
4,371
24,852
33,326
-
5,629
24,600
5,001
16,300
58,178
64
45,901
24
223,165
184,475

3. Expenditure: Raising Funds

Church hall flats - maintenance
Church hall flats – utilities & council tax		 Unrestricted
Funds
2020
£
1,522
3,122
4,644		 Restricted
Funds
2020
£
-
-
0		 Total
2019
£
462
3,070
3,532
Total
2020
£
1,522
3,122
4,644

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

4. Expenditure: Charitable Activities



Provision of clergy:
Common Fund
Clergy expenses
Vicarage expenses

Church Life & Outreach
Ministry & pastoral
Children/youth
Youth & school workers
Upkeep of services
Church at Hut costs
Church on the Farm costs
Outreach events
Contribution towards salaries
Training
Charitable giving (see note below)

Office & administration
Salaries
Office costs
Telephone and internet
Training
Equipment rental and other costs
Staff expenses
Bank charges
Depreciation
Sundry

Provision of Buildings and Facilities

Salaries
Church running and maintenance
Church hall running and maintenance
Costs incurred on behalf of Fowler
Newsam Hall

Governance
Independent Examination
 Unrestricted
Funds
2020
£
37,000
155
351

37,506
1,220
686
-
784
581
9,134
1,018
-
210
3,535

17,168
22,826
4,678
1,718
-
470
-
-
415
-

30,107

14,470
13,790
7,997
816

37,073
1,320

123,174		 Restricted
Funds
2020
£
-
-
-
0
-
166
40,911
-
-
-
-
-
909
41,986
-
-
-
-
-
-
59
-
-
59
-
-
-
-
0
-
42,045		 Total
2019
£
18,500
1,487
5,200
Total
2020
£
37,000
155
351
25,187
2,311
6,520
39,981
-
3,953
29,917
-
3,280
-
13,416
37,506
1,220
852
40,911
784
581
9,134
1,018
-
210
4,444
99,378
8,965
2,877
2,384
359
2,163
1,218
93
906
2,399
59,154
22,826
4,678
1,718
-
470
-
59
415
-

21,364
12,470
31,176
11,367
-
30,166
14,470
13,790
7,997
816
55,013
3,285
37,073
1,320
204,227
165,219

3 (2019: 1) members of the PCC were reimbursed for expenses incurred during the year, which amounted to £735 (2019 - £474).

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

4. Expenditure: Charitable Activities (continued)

4a Staff costs

Included within Expenditure on Charitable Activities are the following staff costs:

Included within Expenditure on Charitable Activities are the following staff costs:

Gross salaries
Employers National Insurance
Employment Allowance
Employer pension contributions
Of which the following gross salaries were in relation to Key
Management Personnel (and related parties)		 Total Total
2019
£
62,814
2,786
(2,786)
612
63,426
14,361
2020
£
76,767
3,900
(3,900)

662
77,429
20,000

The average number of employees during the year was 11 (2019: 11). No employee received emoluments in excess of £60,000 during the year.

4b Charitable giving

Interserve
Cancer Research
British Heart Foundation
London City Mission
Interserve (Lucy Monk)
David Assimwe
Message (nFlame)
Children’s Society
Reading University
Hope In Tottenham
Caris Mission Giving
Macmillan
St Luke’s Hospice
UNLOCK – Mission Giving
Myleloma UK Multicare
Bishop’s Discretionary Fund
 Unrestricted
Funds
2020
£
600
-
-
-
-
1,250
480
1,205
-
-
-
-
-
-
-
-
3,535		 Restricted
Funds
2020
£
-
328
-
-
-
-
-
45
-
-
-
328
208
-
-
-
909		 Total
2019
£
600
-
125
500
1,000
3,000
480
10
260
5,400
1,000
197
-
250
176
418
Total
2020
£
600
328
-
-
-
1,250
480
1,250
-
-
-
328
208
-
-
-
13,416
4,444

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

5. Tangible Fixed Assets

Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge For Year
Disposals
At 31 December 2020
Net Book Value
At 31 December 2020
At 31 December 2019		 Fixtures,
fittings &
equipment
£
70,242
-
-
70,242
69,827
415
-
70,242
0
415

The properties which the PCC manages and maintains are:

Property Ownership
St Anns Church,Avenue Road,London N15 Diocese
StAnn’s Church Hall,2 AvenueRoad,London N15 PCC

Neither property has been capitalised.

6. Fixed Asset Investments

The PCC’s investment properties are as follows:

Property Valuation
St Ann’s Church Hall Flat, 2 Avenue Road, London N15 350,000
StAnn’s Church Hall Flat,2A AvenueRoad,London N15 380,000
730,000

The properties have been valued by reference to recent sale prices on rightmove.

The properties have for the first time been accounted for in the financial statements and consequently a prior year adjustment has been booked to reflect this.

14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

7. Debtors

Prepayments
Income tax recoverable
Lettings receivable
Other debtors		 2020 2019
£
736
6,754
1,815
2,527
11,832
£
-
7,081
-
690
7,771

8. Creditors - Amounts Falling Due Within One Year

8. Creditors - Amounts Falling Due Within One Year
Accruals 2020 2019
£
10,895
£
4,626

9. Restricted Funds

9a Current year
Staff salaries
Audio Visual
Youth
Projects
St Lukes Hospice
GTAC/HIT – Hope in Tottenham
Bibles (for youth)
Cancer Research
Macmillan Cancer
Tearfund
BWF Activities
Children’s Society
 At 1
January
2020
£
1,543
0
8,390
-
-
160
-
-
-
-
516
-
10,609		 Income
£
20,500
6,250
11,833
50
208
2,269
346
328
328
328
10,500
45
52,985		 Expenditure
£
(23,504)
-
(2,215)
-
(208)
(59)
(346)
(328)
(328)
-
(15,012)
(45)
(42,045)		 Transfers
£

9,161
-

(14,998)
-

-

-

-

-

-
-

5,837

-

0		 At 31 At 31
December
2020
£
7,700
6,250
3,010
50
0
2,370
0
0
0
328
1,841
0
21,549

Reasons for the transfers:

15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

9. Restricted Funds (continued)

9b Prior year
Staff salaries
Fabric
Youth
HUT activities
GTAC – Give Tottenham a Chance
HIT – Hope in Tottenham
Youth Camps
Bishop’s Discretionary Fund
Mission
BWF Activities
 At 1
January
2019
£
3,320
(85)
8,015
-
1,281
160
-
-
-
-
12,691		 Income
£
7,774
-
12,484
-
3,242
-
19,007
418
2,811
16,924
62,660		 Expenditure
£
(22,195)
-
(10,905)
(744)
(5,481)
-
(18,801)
(418)
(5,215)
(17,818)
(81,577)		 Transfers
£

12,644
85

(1,204)

744

958
-

(206)

-

2,404

1,410

16,835		 At 31 At 31
December
2019
£
1,543
0
8,390
0
0
160
0
0
0
516
10,609

Reasons for the transfers:

Descriptions of the main restricted funds are as follows.

Mission/Estate Mission Gift Days: Restricted fund for amounts collected to support mission work - both organisations and individuals.

Staff Salaries: Restricted fund for grants to support staff salaries, currently for Youth and Schools Worker. In 2020 grants received from Emily Mary Robins, St James Church and St James Growth Trust

Fabric (before 2018 known as Building Maintenance): Restricted fund for various fabric projects. Currently used for funds for Audio Visual upgrade project.

Youth: To fund St Ann's youth activities including church based activities. It includes grants from Fowler Newsam Hall & Emily Mary Robins and St James Growth Trust.

Youth Camps: Set up to receive grants and expenditure for camps for young people. Camps took place in August 2018 and February 2019. Fund now closed.

Give Tottenham a Chance: A project to help young people in Tottenham find employment by working with employers and mentors. The activities for this project are now directed through a separate charity, Hope in Tottenham.

BWF Activities: Fund opened from June 2017 for Broadwater Farm Youth Project. Funded mainly by Bishop of London's Mission Fund. Funded initially by Bishop of London's Mission Fund then in 2020 by grants from St James Church and St James Growth Trust.

Projects: Fund for specific projects, currently for renewal of church Bibles.

10. Unrestricted Funds

16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

10a Current year
General
Designated Funds
Church maintenance
Church on the Farm
HUT General
10b Prior year
General
Designated Funds
Church maintenance
Church on the Farm
HUT General		 At 1
January
2020
£
20,618
2,606
1,312
2,237
26,773		 Income
£
Expenditure
£
Transfers
£
104,868
(116,763)
6,453
15,800
(1,340)
(6,000)
10,822
(9,134)
547
-
(581)
(1,000)
131,490
(127,237)
0		 Income
£
Expenditure
£
Transfers
£
104,868
(116,763)
6,453
15,800
(1,340)
(6,000)
10,822
(9,134)
547
-
(581)
(1,000)
131,490
(127,237)
0		 Income
£
Expenditure
£
Transfers
£
104,868
(116,763)
6,453
15,800
(1,340)
(6,000)
10,822
(9,134)
547
-
(581)
(1,000)
131,490
(127,237)
0		 At 31
December
2020
£
15,176
11,066
3,547
656
30,445
Income
£
Expenditure
£
Transfers
£
130,639
(99,825)
(14,835)
15,800
(12,361)
-
10,654
(12,198)
-
4,351
(2,737)
(2,000)
161,444
(124,384)
(16,835)
At 1
January
2019
£
4,639
(833)
2,856
2,623
9,285		 At 31
December
2020
£
20,618
2,606
1,312
2,237
26,773

The designated funds are as follows

Church maintenance: A fund set up by PCC in response to the receipt of tower mast rental and to be used for church building maintenance. In 2020 the PCC agreed, in response to COVID19 restrictions, to use the fund for general purposes as needed.

Church on the Farm: A fund for the use of Church on the Farm. Related to separate bank account.

HUT General: A fund for Church@Hut, mainly rental payments from members’ donations. As Church@Hut did not meet for much of 2020, some surplus was transferred to General Fund.

11. Related Party Transactions

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANN, SOUTH TOTTENHAM

Notes to the Financial Statements For the year ended 31 December 2020

Three members of the PCC are also trustees of the Fowler Newsam Hall Trust. The following transactions took place with Fowler Newsam Hall Trust during the year:

place with Fowler Newsam Hall Trust during the year:
Income from Fowler Newsam Hall Trust:
Contribution towards salaries and other costs
Grants for youth work including camps		 2020 2019
£
4,623
10,633
15,256
£
4,009
7,632
11,641

The PCC incurred costs on behalf of Fowler Newsam Hall Trust and these amounted to £2,607.

Three members of the PCC are also trustees of Emily Mary Robins Trust. The following transactions took place with Emily Mary Robins Trust during the year:


Emily Mary Robins Trust during the year:
Income from Emily Mary Robins Trust:
Grant for school work (Year 6 Bibles)
Grants for salary of Youth/Schools’ Worker		 2020 2019
£
2,226
7,774
10,000
£
346
13,000
13,346

The aggregate unrestricted donations of members of the PCC amounted to £7,216 (2019: £7,270).

18