# 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** 1138028. 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** - Grow St Ann’s Church. - Determine how best to develop accessible worship, including online worship. - Put in place the structure to support accessible worship, i.e. update our AV system. - Secure our financial processes and strengthen our income streams. - Respond to the priorities identified in the Visitation Report. - Attend to our building development needs including the spire, roof and accessible toilets. ## **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: - select suitable accounting policies and apply them consistently; - observe the methods and principles of the Charities SORP - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue. 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: - Examine the accounts (under section 145 of the Act); - To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and - To state whether particular matters have come to my attention. ## **BASIS OF INDEPENDENT EXAMINER’S 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. - Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC. - Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees. _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: - Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. - Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. _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: - From Youth to staff salaries: Youth fund is for the provision of youth and children’s work at St Anns. Transfer made to top up salary fund of Youth & Schools worker (Sharon Mitchell) - From Youth to BWF Activities: to clear a deficit of BWF Activities fund pending new grants _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: - From Youth to staff salaries: Youth fund is for the provision of youth and children’s work at St Anns. Transfer made to top up salary fund of Youth & Schools worker (Sharon Mitchell) - From General to Projects: Fund opened after donation received into General Fund 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_