**Charity number: 1138421**
## **ST ANDREW'S CHURCH, ENFIELD**
## **UNAUDITED**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **ST ANDREW'S CHURCH, ENFIELD**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the church, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 24|
**ST ANDREW'S CHURCH, ENFIELD**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees**
Revd. Dr. Steve Griffiths, Chair Richard Berndes John Tanner Patience Wilson Adele Barward-Symmons Catherine Holton Rob Barward-Symmons Tony Leach Rex Bourne Paul David Claudia De Rienzo Dinos Kousoulou Andrea Edwards Claire Reilly Patience Wilson Frances Cansfield - Damian Browne, Co Opted Ruth Mackay Illy Duce Emma Oppong-Addai Paul Edwards
## **Charity registered number**
1138421
## **Principal office**
36 Silver Street Enfield Middlesex EN1 3EG
## **Accountants**
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 1
**ST ANDREW'S CHURCH, ENFIELD**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
The Trustees present their annual report together with the financial statements of the church for the year 1 January 2020 to 31 December 2020. The Trustees confirm that the annual report and financial statements of the church comply with the current statutory requirements, the requirements of the church's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from October 2019).
## **Objectives and activities**
## **a. Activities undertaken to achieve objectives**
The primary object of the PCC is the promotion of the Gospel of the Lord Jesus. St. Andrew's PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, social and ecumenical. It also has maintenance responsibility for the Parish Centre, as well as the Haven.
The incumbent and the PCC have considered the Charity Commission’s guidance on public benefit. We try to achieve our objectives by carrying out a range of activities for the benefit of the parish and members of our congregation, including Sunday worship, small groups, church prayer gatherings, and other social events for the church family. Children’s groups meet regularly during Sunday morning services. As described further in the review of activities St Andrew's Church was closed to the public initially in March 2020 and since that time has adapted its traditional in-person ministry offering described earlier in this paragraph to create a strong online worship presence.
## **Achievements and performance**
## **a. Review of activities**
The PCC met six times during 2020. The minutes of the meetings are on the church website.
The onset of the Covid-19 pandemic and stringent measures introduced in relation to this brought economic disruption and financial hardship for large sections of the Church and the community it serves.
Donations received in-Church disappeared overnight when the Church building was closed for the first time to the public in March 2020, and during subsequent closure in the latter part of the 2020.
The lease of the Parish Centre to the Kedleston group of schools in May 2020 helped to increase lettings income in comparison to the previous year. Changes to the way donations were made were also implemented, with text giving and online giving included alongside traditional giving options (standing orders and in-person donations).
During the onset of the Covid-19 pandemic, St. Andrew’s Church has created a successful online worship presence which has continued to grow in strength and numbers throughout the course of 2020, and into 2021.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
It is the PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately three months of unrestricted payments to cover emergency situations and payroll commitments that may arise from time to time.
It is our policy to hold funds that are not needed to defray immediate expenditure within a CBF Church of England Deposit Fund.
As at 31 December 2020 unrestricted free reserves stood at £54,747 (2019 - £36,710) equating to 4.5 months of unrestricted expenditure as incurred in 2020.
Page 2
**ST ANDREW'S CHURCH, ENFIELD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **c. Financial performance 2020**
The church finances had recovered well by the end of the year in the face of the pandemic with unresctricted income of £162,450 (2019 - £160,821) and unrestricted expenditure of £144,061 (2019 - £172,517). Further details of the analysis of income which led to this are described in the Review of Activities paragraph elsewhere in this report.
## **Structure, governance and management**
## **a. PCC Membership**
Members of the PCC are either ex-officio; or elected at the Annual Parochial Church Meeting (APCM) in accordance with Church Representation Rules.
The PCC met six times during 2020. The minutes of the meetings are on the church website.
## **Plans for future periods**
As at 31 December 2020, the intention was for 2021 to have as its primary foci: i) continuing to develop the Mission Action Plan;
ii) continuing to respond to the challenges posed by Covid-19 on the Church and the wider Enfield community; iii) continuing to develop plans for the Restoration Project;
iv) developing St Andrew's online service provision alongside that of physical church; and
v) consolidating the financial stability of the church through diversifying donation methods.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
**Revd. Dr. Steve Griffiths, Chair**
Date:
Page 3
**ST ANDREW'S CHURCH, ENFIELD**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Independent examiner's report to the Trustees of St Andrew's Church, Enfield ('the church')**
I report to the charity Trustees on my examination of the accounts of the church for the year ended 31 December 2020.
This report is made solely to the church's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the church's Trustees 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 law, I do not accept or assume responsibility to anyone other than the church and the church's Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the Trustees of the church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the church has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the church as required by section 130 of the 2011 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.
This report is made solely to the church's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the church's Trustees 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 law, I do not accept or assume responsibility to anyone other than the church and the church's Trustees as a body, for my work or for this report.
Signed: Dated: Richard Hill FCA
## **Griffin Stone Moscrop & Co**
Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 4
**ST ANDREW'S CHURCH, ENFIELD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Raising funds
7
Charitable activities
8
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2020**
**£**
**60,332**
**-**
**-**
**7**
**-**
**60,339**
**-**
**59,724**
**59,724**
**615**
**63,710**
**615**
**64,325**|**Unrestricted**
**funds**
**2020**
**£**
**76,319**
**82,729**
**782**
**145**
**2,505**
**162,480**
**1,691**
**142,370**
**144,061**
**18,419**
**37,580**
**18,419**
**55,999**|**Total**
**funds**
**2020**
**£**
**136,651**
**82,729**
**782**
**152**
**2,505**
**222,819**
**1,691**
**202,094**
**203,785**
**19,034**
**101,290**
**19,034**
**120,324**|_Total_
_funds_
_2019_
_£_
_159,640_
_71,030_
_13,947_
_249_
_4,408_
_249,274_
_6,291_
_245,793_
_252,084_
_(2,810)_
_104,100_
_(2,810)_
_101,290_|
|---|---|---|---|---|
The notes on pages 7 to 24 form part of these financial statements.
Page 5
## **ST ANDREW'S CHURCH, ENFIELD**
## **BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**5,385**
**142,756**
**148,141**
**(29,069)**|**2020**
**£**
**1,252**
**1,252**
**119,072**
**120,324**
**120,324**
**120,324**
**64,325**
**55,999**
**120,324**|_5,799_
_102,787_
_108,586_
_(8,166)_|_2019_
_£_
_870_|
|---|---|---|---|---|
|||||_870_
_100,420_|
|||||_101,290_|
|||||_101,290_|
||||||
|||||_101,290_|
|||||_63,710_
_37,580_|
||||||
|||||_101,290_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Revd. Dr. Steve Griffiths, Chair**
Date:
The notes on pages 7 to 24 form part of these financial statements.
Page 6
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
St Andrew's Church, Enfield meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Income**
All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is also recognised when received. Income tax recoverable on Gift Aid donations is recognised when the underlying income is recognised.
For legacies, entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the church has been notified of the executor's intention to make a distribution.
Rental income from the formal letting of church premises is recognised in the SOFA in the accounting period to which the rental pertains.
Page 7
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies (continued)**
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the church. Governance costs are those incurred in connection with administration of the church and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities are costs incurred in relation to carrying out the church's ministry. These include support costs and costs relating to the governance of the church which are apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
## **1.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the bank.
## **1.5 Tangible fixed assets and depreciation**
Consecrated and benefice property of any kind is excluded from the financial statements by section 10(2)(c) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. For such alienable property there is insufficient cost information available and therefore such assets are not valued in the financial statements.
All expenditure incurred during the year on consecrated or benefice buildings or on repair or replacement of church furnishings is expensed within the Statement of Financial Activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Office equipment 33% on straight line - Computer equipment 33% on straight line
Page 8
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies (continued)**
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Cash at bank and in hand**
Cash at bank and in hand includes all cash held.
## **1.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the church anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.9 Financial instruments**
The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **1.10 Pensions**
The church operates a defined contribution pension scheme and the pension charge represents the amounts payable by the church to the fund in respect of the year.
## **1.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Income from donations and legacies**
|Donations
Grants
Tax recoverable
Donations
Tax recoverable|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
15,312
65,740
45,020
-
-
10,579
60,332
76,319
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_86,999_
_60,689_
_-_
_11,952_
_86,999_
_72,641_|**Total**
**funds**
**2020**
**£**
**81,052**
**45,020**
**10,579**|
|---|---|---|
|||**136,651**|
|||_Total_
_funds_
_2019_
_£_
_147,688_
_11,952_|
|||_159,640_|
Page 10
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2020**
**£**
Lettings
64,606
Parking
10,948
Rent of flat
6,175
Sub station rent
1,000
82,729
_Unrestricted_
_funds_
_2019_
_£_
Lettings
_47,165_
Parking
_16,881_
Rent of flat
_5,984_
Sub station rent
_1,000_
_71,030_|**Total**
**funds**
**2020**
**£**
**64,606**
**10,948**
**6,175**
**1,000**|
|---|---|
||**82,729**|
||_Total_
_funds_
_2019_
_£_
_47,165_
_16,881_
_5,984_
_1,000_|
||_71,030_|
Page 11
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. Income from other trading activities**
## **Income from fundraising events**
|Refreshments
Traidcraft
Fetes and Fundraising Events
Refreshments
Traidcraft|**Unrestricted**
**funds**
**2020**
**£**
137
645
782
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_1,444_
_10,156_
_-_
_743_
_-_
_1,604_
_1,444_
_12,503_|**Total**
**funds**
**2020**
**£**
**137**
**645**|
|---|---|---|
|||**782**|
|||_Total_
_funds_
_2019_
_£_
_11,600_
_743_
_1,604_|
|||_13,947_|
## **5. Investment income**
|Bank interest
Bank interest|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
7
145
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_10_
_239_|**Total**
**funds**
**2020**
**£**
**152**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_249_|
Page 12
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. Other incoming resources**
|PCC fees
PCC fees|**Unrestricted**
**funds**
**2020**
**£**
2,505
_Unrestricted_
_funds_
_2019_
_£_
_4,408_|**Total**
**funds**
**2020**
**£**
**2,505**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_4,408_|
## **7. Expenditure on raising funds**
## **Costs of raising voluntary income**
|**Unrestricted**
**funds**
**2020**
**£**
Fetes and Fundraising
400
Refreshments
832
Traidcraft
459
1,691|**Total**
**funds**
**2020**
**£**
**400**
**832**
**459**|
|---|---|
||**1,691**|
Page 13
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. Expenditure on raising funds (continued)**
## **Costs of raising voluntary income (continued)**
|Fetes and Fundraising
Refreshments
Traidcraft|_Unrestricted_
_funds_
_2019_
_£_
_4,264_
_240_
_1,787_
_6,291_|_Total_
_funds_
_2019_
_£_
_4,264_
_240_
_1,787_|
|---|---|---|
|||_6,291_|
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Church activities
Church activities|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
59,724
142,370
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_79,568_
_166,225_|**Total**
**funds**
**2020**
**£**
**202,094**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_245,793_|
Page 14
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. Analysis of expenditure on charitable activities (continued)**
## **Summary by expenditure type**
|Church activities
Church activities|**Staff costs**
**2020**
**£**
69,257
_Staff costs_
_2019_
_£_
_100,798_|**Other costs**
**2020**
**£**
132,837
_Other costs_
_2019_
_£_
_144,995_|**Total**
**funds**
**2020**
**£**
**202,094**|
|---|---|---|---|
||||_Total_
_funds_
_2019_
_£_
_245,793_|
## **9. Analysis of expenditure by activities**
|Church activities
Church activities|**Activities**
**undertaken**
**directly**
**2020**
**£**
136,639
_Activities_
_undertaken_
_directly_
_2019_
_£_
_172,619_|**Support**
**costs**
**2020**
**£**
65,455
_Support_
_costs_
_2019_
_£_
_73,175_|**Total**
**funds**
**2020**
**£**
**202,094**|
|---|---|---|---|
||||_Total_
_funds_
_2019_
_£_
_245,794_|
Page 15
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Missionary and Charitable Giving
Ministry: Diocesan Quota
Ministry: Clergy Expenses
Maintenance: Church Vicarage
Maintenance: Parish Centre
Flowers
Staff costs
Ministry: Diocesan Quota
Ministry: Clergy Expenses
Maintenance: Church Vicarage
Maintenance: Parish Centre
Flowers
Parish office administration
Depreciation|**Ministry**
**costs**
**2020**
**£**
69,257
1,225
60,000
5,863
108
107
79
136,639
_Ministry_
_costs_
_2019_
_£_
_100,799_
_55,000_
_1,391_
_6,885_
_154_
_718_
_7,222_
_450_
_172,619_|**Total**
**funds**
**2020**
**£**
**69,257**
**1,225**
**60,000**
**5,863**
**108**
**107**
**79**|
|---|---|---|
|||**136,639**|
|||_Total_
_funds_
_2019_
_£_
_100,799_
_55,000_
_1,391_
_6,885_
_154_
_718_
_7,222_
_450_|
|||_172,619_|
Page 16
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Heat, Light and Water
Maintenance: Church Vicarage
Insurance
Sundry Expenses
Parish office administration
Festes and Fundraising events
Depreciation
Restoration Project expenditure
Bank charges
Cleaning, rubbish disposal and pest control
Restoration Project bank charges
Governance costs: Preparation and examination of statutory accounts
Heat, Light and Water
Maintenance: Church Vicarage
Insurance
Sundry Expenses
Parish office administration
Festes and Fundraising events
Depreciation
Bank charges
Cleaning, rubbish disposal and pest control
Governance costs: Preparation and examination of statutory accounts|**Support**
**Costs**
**2020**
**£**
10,926
8,765
6,798
5,568
6,921
15,054
517
4,554
242
3,870
80
2,160
65,455
_Support_
_costs_
_2019_
_£_
_10,362_
_28,941_
_9,773_
_3,879_
_5,191_
_6,218_
_218_
_669_
_5,604_
_2,320_
_73,175_|**Total**
**funds**
**2020**
**£**
**10,926**
**8,765**
**6,798**
**5,568**
**6,921**
**15,054**
**517**
**4,554**
**242**
**3,870**
**80**
**2,160**|
|---|---|---|
|||**65,455**|
|||_Total_
_funds_
_2019_
_£_
_10,362_
_28,941_
_9,773_
_3,879_
_5,191_
_6,218_
_218_
_669_
_5,604_
_2,320_|
|||_73,175_|
Page 17
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **10. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2020**
**£**
**65,483**
**1,987**
**1,787**
**69,257**|_2019_
_£_
_94,122_
_4,501_
_2,175_|
|---|---|---|
||||
|||_100,798_|
The average number of persons employed by the church during the year was as follows:
|Full time staff (Vicar and 2 MABS staff)
Part time staff (Administrator, Cleaner, Gardener, Organist and 1 MABS
staff)|**2020**
**No.**
**3**
**5**
**8**|_2019_
_No._
_3_
_5_|
|---|---|---|
||||
|||_8_|
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel comprise the board of PCC members and they received no remuneration in the year (2019 - the same).
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2019 - £NIL)_ .
During the year ended 31 December 2020, no Trustee expenses have been incurred _(2019 - £NIL)_ .
Page 18
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_|**Computer**
**equipment**
**£**
**1,088**
**899**|
|---|---|
||**1,987**|
||**218**
**517**|
||**735**|
||**1,252**|
||_870_|
Page 19
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **13. Debtors**
|**Due within one year**
Parish centre hire and other debtors
Prepayments and accrued income
Tax recoverable|**2020**
**£**
**-**
**4,416**
**969**
**5,385**|_2019_
_£_
_1,570_
_2,579_
_1,650_|
|---|---|---|
||||
|||_5,799_|
## **14. Creditors: Amounts falling due within one year**
|Invoices owed to suppliers
Accruals and deferred income|**2020**
**£**
**90**
**28,979**
**29,069**|_2019_
_£_
_3,796_
_4,370_|
|---|---|---|
||||
|||_8,166_|
Page 20
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
MABS Fund
Restoration Project
**Total of funds**|**Balance at 1**
**January**
**2020**
**£**
**37,580**
**63,710**
**-**
**63,710**
**101,290**|**Income**
**£**
**162,480**
**15,319**
**45,020**
**60,339**
**222,819**|**Expenditure**
**£**
**(144,061)**
**(55,091)**
**(4,633)**
**(59,724)**
**(203,785)**|**Balance at**
**31**
**December**
**2020**
**£**
**55,999**|
|---|---|---|---|---|
|||||**23,938**
**40,387**|
|||||**64,325**|
|||||**120,324**|
Purpose of restricted funds:
## MABS Fund:
The MABS restricted fund supports youth ministry at St Andrews.
Through our MABS Youth & Community Project, we currently offer the following provision for children, young people and families:
o 1 day per week one-to-one mentoring in St. Andrew’s Primary School
o Mindfulness sessions for school children
o Mindfulness training for parents and families
o Parenting classes
o Sunday Youth Group
o Monthly Wine Club for parents with SEN children
## Restoration Project:
Plans are underway for a major Restoration Project, developing St. Andrew’s to become:
o a truly ‘community building’, open seven days a week for everyone to enjoy
o a major concert venue for North London, hosting choirs and orchestras, acoustic music performances, amateur dramatics, poetry readings etc.
o a Heritage Centre, in which people and groups can learn more about the history of the church, of Enfield, and the history of our nation encapsulated in so many of our wonderful monuments o a home for art exhibitions and history exhibitions
o a flexible space for creative and engaging worship and other community events
The restoration fund represents money being received and expended to fund the redevelopment.
Page 21
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Restricted MABS fund
**Total of funds**|_Balance at_
_1 January_
_2019_
_£_
_47,886_
_56,214_
_104,100_|_Income_
_£_
_160,821_
_88,454_
_249,275_|_Expenditure_
_£_
_(172,517)_
_(79,568)_
_(252,085)_|_Transfers_
_in/out_
_£_
_1,390_
_(1,390)_
_-_|_Balance at_
_31_
_December_
_2019_
_£_
_37,580_|
|---|---|---|---|---|---|
||||||_63,710_|
||||||_101,290_|
Page 22
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **16. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|_Balance at_
_1 January_
_2019_
_£_
_47,886_
_56,214_
_104,100_|**Balance at 1**
**January**
**2020**
**£**
**37,580**
**63,710**
**101,290**
_Income_
_£_
_160,821_
_88,454_
_249,275_|**Income**
**£**
**162,480**
**60,339**
**222,819**
_Expenditure_
_£_
_(172,517)_
_(79,568)_
_(252,085)_|**Expenditure**
**£**
**(144,061)**
**(59,724)**
**(203,785)**
_Transfers_
_in/out_
_£_
_1,390_
_(1,390)_
_-_|**Balance at**
**31**
**December**
**2020**
**£**
**55,999**
**64,325**|
|---|---|---|---|---|---|
||||||**120,324**|
||||||_Balance at_
_31_
_December_
_2019_
_£_
_37,580_
_63,710_|
|**Summary of funds - prior year**||||||
|General funds
Restricted funds||||||
||||||_101,290_|
Page 23
**ST ANDREW'S CHURCH, ENFIELD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
-
1,252
64,325
83,816
-
(29,069)
64,325
55,999|**Total**
**funds**
**2020**
**£**
**1,252**
**148,141**
**(29,069)**
**120,324**|
|---|---|---|
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2019_
_£_
-
63,710
-
63,710|_Unrestricted_
_funds_
_2019_
_£_
870
44,876
(8,166)
37,580|_Total_
_funds_
_2019_
_£_
_870_
_108,586_
_(8,166)_
_101,290_|
|---|---|---|---|
## **18. Pension commitments**
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £1,787 (2019 - £2,175).
## **19. Related party transactions**
The aggregate donations given by PCC members in the year amounted to £4,015 (2019 - £3,255).
Page 24