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2022-12-31-accounts

The Parochial Church Council of St. Luke’s presents its report to members on activities for the year to 31[st ] December 2022, in accordance with the Charities Act 2011 and statement of recommended practice issued by the Charity Commission.

Legal and Administrative Details

St Luke's Church Centre, Fernhead Road, London W9 3EH

GOVERNING DOCUMENTS Parochial Church Council Powers Measure 1956 and the Church Representation Rules 2011

CHARITY REGISTRATION NUMBER 1138030

MEMBERS OF THE PCC

Appointment of PCC members is governed by the ‘Church representation rules’. As applied to St Luke’s this results in a PCC constituted as follows:

The PCC has agreed that Church Wardens and PCC members who have served for three years should not stand for re-election for at least one year.

Ex Officio members: Dates Incumbent Alastair Thom from March 2011 Church Wardens Rosalind Okello from April 2017 Rose Heaney from October 2020 Associate Vicar Jackie Barry from March 2011 Curate Katy Hirst from June 2022 Deanery Synod Alan Tuomey from April 2017 Wendy Markland from April 2012 (PCC Secretary until April 2022)

Elected members:

Elected members:
Fiona Hunter from October 2020
Christina Morris, Michelle Miller, Gill Umpleby from April 2021
Michael Akeju, Joan Woodall from June 2021
Margaret Devereux (PCC Secretary from April
2022), Carol Knevelman, Yanki Darling, Sabrina
Nelson, Kevin Micklewright
from April 2022

Non-member, elected by and reporting to the PCC Ashleye Gunn (PCC Treasurer)

from January 2014

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The PCC meets as a full council approximately 7 times per year, and 6 times a year for task groups. There is a standing committee comprising Vicar, Church Wardens, Treasurer and Secretary.

Report of the Parochial Church Council for the year to 31 December 2022

The PCC has pleasure in submitting the Report and Accounts for the year ended 31 December 2022.

Objects of the charity

The charity is responsible for co-operating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish, namely St Luke's Church Centre and Flat 1-3, Fernhead Road, London W9 3EH.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the PCC has applied the guidance on public benefit issued by the Charity Commission.

Financial review

During the year income increased by £20,962 to £180,888, while expenditure increased by £22,875, to £165,774. Income exceeded expenditure by £15,114. The cash held by the charity increased to £121,137, of which £46,341 is unrestricted and can be used for any charitable purpose.

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Reserves policy

The PCC has determined that the charity should aim to hold unrestricted cash of no less than one quarter of a year's total expenditure so that the charity could continue to operate should income and/or expenditure vary adversely. On 2022 expenditure this Reserves target is £45,222. At the year end, the charity held unrestricted cash of £46,341. This is £1,119 above the minimum reserves target. In addition, the PCC aims to hold £40,000 in a designated fund at the end of each year. This was originally to support the employment of a Children & Families worker over the following two years. Following a review of St Luke’s needs, this fund is now to support the employment of a Youth worker and contribute to the costs for a curate over the following two years. At the end of 2022 the PCC had met its aim to hold £40,000 in this designated fund.

Governance

The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules 2011.

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organises elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies. The members of the PCC are the charity's trustees for the purposes of charity law.

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC which meets regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a team led by the incumbent.

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (which sets out the PCC's obligations to safeguard children and vulnerable adults).

Relationships with other charities and related parties

As part of the United Benefice of St. Luke West Kilburn and Emmanuel Paddington, the clergy members of the PCC, Alastair Thom and Jackie Barry, are also members of the PCC of Emmanuel Church, 389E Harrow Road W9 3NA. Alastair Thom is also a trustee of the Nigerian Chaplaincy and the Paddington Charities, both UK registered charities.

Responsibilities of trustees

Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

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We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees on 27 March 2023 and signed on their behalf by Rosalind Okello.

……………………..

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Independent examiner's report to the trustees of Parochial Church Council of St Luke's West Kilburn

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Luke's West Kilburn (the Trust) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust, 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 Trust's accounts carried out under section 145 of the 2011 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

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 Trust 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.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

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Parochial Church Council of St Luke's West Kilburn

Receipts and Payments Account

For year ended 31 December 2022

Unrestricted Designated Restricted Total Prior year
funds funds funds funds total funds
Income from: £ £ £ £ £
Incoming resources from generated funds
Voluntary income 70,976 2,000 16,572 89,548 83,865
Investment income 645 41,150 41,795 35,254
Incoming resources from charitable activities 40,544 362 40,907 37,581
Other incoming resources 8,637 8,637 3,224
Total income 120,803 43,512 16,572 180,888 159,926
Expenditure on:
Charitable Activities - Grants and Donations
Grants - Overseas Mission 3,500 3,500 5,500
Grants - Relief and Secular Charities 1,065 997 2,062 1,000
Grants - Home Mission 8,052 8,052 8,620
Discretionary Fund 455 2,000 2,455 1,202
Charitable Activities
Ministry 105,170 105,170 87,168
Building 17,423 7,201 24,625 21,147
Church Activities 3,769 6,350 10,119 8,976
Support Costs 8,788 8,788 8,285
Governance Costs 1,000 1,000 1,000
Total expenditure 149,225 7,201 9,347 165,774 142,899
Excess of receipts over payments before transfer -28,422 36,310 7,225 15,113 17,026
Transfers
Gross transfers between funds - in 33,000 2,576 35,576 37,248
Gross transfers between funds - out -2,576 -33,000 -35,576 -37,248
Net movement in funds 2,001 3,310 9,801 15,113 17,026
Reconciliation of funds
All assets at 01 January 2022 44,339 43,968 16,516 104,823 87,797
All assets at 31 December 2022 46,341 47,278 26,317 119,936 104,823
There may be minor discrepancies in the totals if the pence are not being shown

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Parochial Church Council of St Luke's West Kilburn

Statement of Assets and Liabilities For the year ended 31 December 2022

Class and nominal code General Designated **Restricted ** Endowment Total Last year
Fixed assets - Investments
007 : Central Bd of Finance 4,955.02 4,955.02 5,612.81
Shares/Covell
Total 4,955.02 4,955.02 5,612.81
Fixed assets - Tangible assets
017 : Centre Flats Property 952,325.00 952,325.00 833,916.00
Total 952,325.00 952,325.00 833,916.00
Current assets - Cash at bank and in hand
001 : HSBC (Piccadilly) Current a/c 6,256.16 6,981.77 5,977.84 19,215.77 103,612.09
002 : Tenancy Deposit Scheme 1,200.00 1,200.00 600
006 : Central Bd of Finance Deposit 40,085.12 40,296.58 20,340.00 100,721.70 1,211.70
Total 46,341.28 47,278.35 27,517.84 121,137.47 105,423.79
Current Assets - Debtors
Gift Aid due to charity 2,368.74 500.00 485.00 3,353.74 3,667.05
Total 2,368.74 500.00 485.00 3,353.74 3,667.05
Liabilities - Provision for liabilities after one year
Pastoral Assistant -1,120.00 -1,120.00 -1,050.00
Independent Examination -1,000.00 -1,000.00 -1,000.00
Bishop of London discretionary fund -60.60 -60.60
Christmas Fair - Rare Dementia Society -76.50 -76.50
Mission Giving: The Word for the World -2,500.00 -2,500.00
Christmas Offering - Homeless -283.69 -283.69 -127.08
599 : Tenants deposit liability -1,200.00 -1,200.00 -600.00
Hardship Fund grant -200.00
London Diocese - service fees -137.00
Total -2,180.60 -4,060.19 -6,240.79 -3,114.08
Net total assets 46,529.42 1,000,103.35 23,942.65 4,955.02 1,075,530.44 945,505.57

Represented by (these assets include the fixed assets and cash stated above but not the debtors, creditors and TDS deposit)

46,341.28



46,341.28
44,339.94

362.28


362.28


315.00


315.00
315.00

40,000.00


40,000.00
40,000.00

2,000.00


2,000.00


3,510.20


3,510.20
3,510.20

1,090.87


1,090.87
142.32

952,325.00


952,325.00 833,916.00


23,075.00

23,075.00
14,315.00


570.92

570.92
1,259.67


60.60

60.60



2,500.00

2,500.00






941.66


111.32

111.32




4,955.02
4,955.02
5,612.81
Restricted - Secular
Endowment - Covell
Restricted - OverseasM
Restricted - Relief
Restricted - Hardship
Restricted - HomeMissio
Designated - FlatsPrope
Restricted - YouthWork
Designated - BldRsv
Designated - Flats
Designated - Ywrkcurate
Designated - Reserve
Designated - MotherUn
Designated - Ythcmp
Unrestricted - General
46,341.28



46,341.28
44,339.94

362.28


362.28


315.00


315.00
315.00

40,000.00


40,000.00
40,000.00

2,000.00


2,000.00


3,510.20


3,510.20
3,510.20

1,090.87


1,090.87
142.32

952,325.00


952,325.00 833,916.00


23,075.00

23,075.00
14,315.00


570.92

570.92
1,259.67


60.60

60.60



2,500.00

2,500.00






941.66


111.32

111.32




4,955.02
4,955.02
5,612.81
Restricted - Secular
Endowment - Covell
Restricted - OverseasM
Restricted - Relief
Restricted - Hardship
Restricted - HomeMissio
Designated - FlatsPrope
Restricted - YouthWork
Designated - BldRsv
Designated - Flats
Designated - Ywrkcurate
Designated - Reserve
Designated - MotherUn
Designated - Ythcmp
Unrestricted - General
46,341.28
999,603.35
26,317.84
4,955.02 1,077,217.49 944,352.60
Total

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Parochial Church Council Of St Luke's West Kilburn

Notes To The Accounts For The Year Ended 31 December 2022

Accounting Policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

Funds

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.

Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

Fixed Assets

Consecrated land and beneficed property is not included in the accounts in accordance with Section 10(2) (a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at any reasonable time). All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure.

Investment Assets

Investments Fund Shares are valued at market value at 31 December.

The Centre Flats block has been included at the current insurance rebuilding cost valuation. There is no intention to sell this property, and the PCC has endorsed the recommendation that insurance valuation rather than current market value is appropriate.

Transactions with Related Parties

Disclosure note: the vicar of St Luke’s is also a trustee of the Nigerian Chaplaincy, which received a £1,000 Mission Giving donation from St Luke’s PCC in 2022.

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Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors.

Short term deposits include cash held on deposit either with CCLA Investment Management (manager of the Central Board of Finance of the Church of England’s funds) or at HSBC.

Transfers between Funds

Transfer agreed by the PCC:

Revaluations

evaluations
2022 2021
Gain/loss on revaluation of shares in Covell Memorial Fund
(Endowment Fund)
£658- £705
Balance of Covell Memorial Fund at 31 Dec 2022 £4,955
Gain on revaluation of property £118,409 £56,740
(Centre Flats Property Fund – Unrestricted Designated Fund)
Balance of Centre Flats Property Fund at 31 Dec 2022 £952,325

Staff costs declaration

During 2022 the PCC employed a part-time cleaner, a part-time office assistant and a part-time youth worker. None of these posts has an annual salary of more than £25,000. No other members received any salary from the PCC.

Alastair Thom and Katy Hirst (from June 2022), clergy members of the PCC, received a stipend from the Diocese. The cost of these stipends is not included in the staff costs however it should be noted that some of the Parish share is used to help pay Mr Thom’s stipend. Ms Hirst as Curate is a ‘locally supported minister’ and St Luke’s is responsible for the housing and stipend costs. There is a grant from National Church which is claimed by the Diocese for 50% of the costs. For Ms Hirst’s stipend the Diocese charges St Luke’s for 50% of the costs and the London Diocesan Fund uses an element of the grant to cover the other 50%.

Mr Thom and Ms Hirst were provided with accommodation (which is customary for clergy) and the PCC covers upkeep and repair costs of this accommodation. The Diocese pays St Luke’s 50% of the costs for the estimate rental income lost on Ms Hirst’s housing, council tax and water rates.

Mr Thom incurred expenses whilst serving as clergy of £350 and Ms Hirst of £78. The expenses payments were made with the legal authority of the PCC Powers Measure 1956.

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