2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Diocese of London Charity Registration No. 1139673 Annual Report and Accounts 31 December 2020 Simply Churches Chartered Accountants 17 Heachville Road London N19 3AL

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report and Financial Statements 2020 Contents Page Legal and administrative inforniation Report of the Parochial Church Council Independent Examlner's report to the Parochlal Church Councll Statement of financial activities Balance sheet Notes to the financial statements 10

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Legal and Administrative Information Charity Name The Parochial Church Council of the Ecclesiastycal Parish of St Leonard Shoreditch. The Parish of Sc Leonard'5 15 part of che Diocese of London within the Church of England. Charity Registration no. 1139673. The Parish wa5 registered wich the Charity Commission on 5 january 2011 Principal Address Shoreditch High Stre& Shoreditch. London El 61N. Goveming Document Parochial Churth Council Powers Measure 119561 as amended and Church Representation Rule5. Objectives The PCC h2S the responsibility of cooperiting with the incumbent in promoting in the ecclesiastical parish the whole mission of the church. p2Storal. evangelistic, social and ecumenical. Members of the PCC Incumbent Rev'd Al Gordon (appointed Sep￿Mber 20201 Priest in Charge Ven. Elizabeth Adekunle {retired Septsmber 2020) Wardens Christine Owusu-Ansah Deborah Pritchard (appointed Ottober 2020) Ferida Cummings {retired October 20201 Deanery Synod Representative Lucy Johnson Elected members Aaron Oxley Philip Whitehead IReaderl Dilys Alum (retired Ottober 2020) Ferida Cummings {appointed October 20201 Helen Edwards {Trea5urerl Lucy johnson Greta Mutlu {appointed October 20201 Elaine Nwokolo Nat Pimlott {Secretary- appointed October 20201 Clare Whitehead (appointed October 20201 Safeguardlng officer Lucyjohnson Bankers HSBC 31 Holborn Circus London ECIN 2HR Independent Examlner John Helm ACA Simply Churches LiMi￿d 17 Heathville Road London N19 3AL

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report of the Parochial Church Council For the year ended 31 December 2020 The PirOChi￿ Church Council of the Parish of St Leonird's Shoreditch (the 'PCC"I 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 p￿sCribed by the sta￿ment of Recommended Prnctice.. Accounting and Reporting by Charities ISORP2015 {FRS10211 and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this documenr forms part of this reporL l. Strurture. Governance and Management l. l Trustees The PCC 15 a corporate body established by the Church of England. The rnethod of appointment of PCC member5 is set out in the Church Representation rules. All church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. The PCC meets approximately 6 times per annum to discuss a full range of matters relating to finance. fabric. general administration and re5pon5ibility for keeping of the Electoral Roll. Metnber5 of the PCC are either ex offKJO or elecced by the APCM in accordance with the Church Representation Rules. PCC members are given a copy of Che Charity Commission's guidance 'The Essenty21 Trustee,. 1.2 Church Attendance The Electoral Roll that was updated in 2020 and stood at 39. Prior to the pandemit, the weekly attendance ayewed about 25 on a Sunday. During the lockdown period of March-september, we were able to produce weekly online services. When re-opening in September 2020, our Sunday in-per50n atcendance increased co approxima£ely 40 people per week whi15t we continued to stream the services for those who preferred online. Through OLJr digital offerings, we have been blessed th new members that are both local and distant. 2. Actlvltles and Strateglès The PCC are aware of the Charity Commission's former published guidance on public benefit in "The advancement of religion for Public Benefit" and have had regard to it in their administrntion of the church. The PCC believes that by promoting the Christian fwth it provides a benefit to the public by.. Providing facilities for publit worship, pastoral eare and spiritual developmenL both for existing church members and for anyone who wishes co benefit from what the church offers- and Promoting Christian values. and service by members of the church in and to their communities. to the benefit of individuals and society as a whole. 3. Achlevements and Perforniance At year end 2020, che management of rhe church Nyas overseen by Ihe PCC and delegared ro Rev'd Al Gordon. The church clergy team consisted Ordin3nds Naomi Maxwell and Toby Thom3s whose roles are to look after the internal ministries and community outreaches of the chLJrch. Our worship on a Sunday morning is liturgitrdl. We aim to provide a style of worship which opens up a Channel between the worshipper and God, and which is led in a dignified, non intrusive and non manipulative Style. We atTrmpt to engage thoughtfully with scripture in our preaching. We are fortunate to have several talented musicians who enhance our worship. We h2ve a quiet meeting for pr2yer on Wednesday evenings. The church is open for private prayer on Thursday afternoons. The PCC worked with the Herritage Fund and other funders on che restoration of the West Elevation of the church. Work was completed in Spring 2020.

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report of the Parochial Church Council For the year ended 31 December 2020 We hive local support for the gardens around the church and the four addiction groups. Two recovery charities are offices in the church.. Foundation for Change and the Spitalfields Crypt Trust. In Autumn 2020, St. Leonard's provided the space for the Lighthouse Projeci of Hackney Church to serve hot lunches and a f¢)odbank 10 the local people in need. 4. Finan¢ial Réview 4.1 Financial Activity and Financial Position The PCC'S main sources of ongoing funding are the free will offerings of church members. lettings income from the hiring out the Church. church hall and offices, and income from property and investment5. We rely on grants for the conservation and repair to our Grade I listed building. We are irnmensely grdteful to God and to all those who gave 50 generously. Other funding wa5 from grants. The Statement of Financial Activities and Balance Sheet can be found on pages 7 and 8 respertively. The Church's reserves increased by £18,702 during rhe year {2019.. Decreased by £26,134). The balance sheer shows total net assers of £2,421.923 12019.. £2,403,221). In 2020 the church had 3 tool income of £200,017 {2019.. £133,433 unrestricted, £244.413 restricced) and total expenditure of £181,340 12019.. £403,994). Our day to day income 15 made up primarily of rents and leccings on the two church properties, offices let out to charities within the church itself and short-term lettings of the church and hall However these incomes were reduced due to the pandemic. All expenditure Syds in 5UPPOrt of che key objective5. It is analysed into different church activities in the financial Sta￿[Hen￿. M05t of che spending meets more than one of the key objective5. 4.2 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 thacb given the nacure of che church's worl free reserves should be equivalent to approximately months, routine general fund expenditure, plus committed and forecast future expenditure on other projects. where funds permit. The PCC is of the opinion that this provides sufficient flexibiliry to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemenced. At 31 December 2020 the church had net free reserves of 174.01212019.. £65,405) as follows.. 2020 2019 Total reseryes Les5'. restric￿d fund5 Les5.' inYe5tments held for che long cerm 2.421.923 (17,2181 {2,330,6931 2.403.221 17,1481 12,330,668) Free rese￿e$ 74.012 65.405 Free reserves requirement 6 month's budgetsd routine expenditure 50,000 50.000 4.3 Investment Policy The church currently places sware funds on bank deposiL

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report of the Parochial Church Council For the year ended 31 December 2020 4.4 Grants Policy The task of deciding how to distribute grants is done by the Rector and PCC with reference to the Treasurer. Grants are awarded co organisations, church members and community members based on an evaluation of each case. All giving follows SL Leonard's mission policy of rhe promouon of the Chrisiian gospel in proclamation and social acuon throughout the world. 4.5 Risk assessment and mitigation The risks which the organisation faces have been considered and measures will be implemented to ensure chac appropriate systemsb policies and procedures are in place to manage and mitigate che risks. Specificallyb where there is financial risk this is managed by strong financial systems and toncrols. These risks, including health and safety and employmenL are being mitigated through modern management system5 and practices. As a matter of general policy. independent professional advice is taken where appropriate. In response to the Coronavirus pandemic, the PCC have considered the likely impact on 2021 finances and have taken steps to review che ongoing income and expenditu￿$. The crustees are reassessing the situation regularly and will take appropriate action as the situation develops. The truscees are confident that with che continued support of the congregation and appropriate rn3n3gement of expenditure, the church is a going concern and will continue to be financially viable during the ongoing crisis. The budgets will continue to be prepared in line with the financial circumstances and trustees are confident that they will be able to prepare a balanced bLJdget g'ven the continued support of the congregation. 5. Plans for Future Periods The short and medium term plan is to continue wiih the same objectives and activities in support of rhem. After having completed the work5 on the West Elevation15tructural repairs to the front of the church) we are continuing our objective of taking The Church off the Heritage England Building5 at Risk Register by raising funds to repair the roof and faciliiies within the building. In 2021 we are looking to launch additional Sunday services with informal worship and to build our family ministry. 6. Responslbllltles of Trustees for the FInancI￿ Statements The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and Unitsd Kingdom Genernlly Accepted Accounting Prattice. Charity law in England and w￿eS requires the PCC to prepare financial statements for each financial year which wve a true and fair view of the state of affairs of the charity and of the incoming resources and hpplication of resour¢e5 of the charity for that period. In preparing those financial sta￿Thents, the PCC 15 required to.. selett suitable accounting policies and apply them consistently; observe the methods and principle5 of the Charicie5 SORP make judgemenrs and estimates rhar are reasonable and prudenL scace whether applicable accounting sondards have been followed, subjecc to any departures disclosed and explained in the financial sr2tements', and prepare the financi￿ statements on the going concem 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 atcurdcy at any time the financial p051tion of the charity and enables them to ensure that the financial staternents tomply with the Charities Act 201 l. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document The PCC is also responsible for s2feguarding the assets of the ch2rity and hence for tsking re2sonable steps for the prevention and detection of fraud and other irregLJlarities. The PCC is responsible for the m&inten2nce and integrity of the charity ind financial infomiation included in the charity's website.

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report of the Parochial Church Council For the year ended 31 December 2020 7. Approval The report of the PCC was approved by the PCC on 16 May 2021 and signed on its behalf by.. Rev'd Al Gordon Incumbent

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Report of the Independent Examiner to the Parochial Church Council of The Parish of St Leonard’s Shoreditch

I report on the financial statements of The Parish of St Leonard’s Shoreditch for the year ended 31 December 2020, set out on pages 8 to 16.

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 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 Church Council for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF CHURCH COUNCIL AND EXAMINER

The Parochial Church Council considers that an audit is not required for this period (under section 144(2) of the Charities Act 2011) 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 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 11 October 2021

7

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Statement of Financial Activities For the year ended 31 December 2020 Unrestricted Restricted Funds Funds 2020 2020 Unrestricted Restricted Funds Funds 2019 2019 Total 2020 Total 2019 Note Income from: Donations and legacies Charitable activities Other trading attivities Investments 24.704 70,010 94,714 34,925 {569) 40.936 58.141 243.609 278,534 15691 41,740 58,141 46,745 58,558 46,745 58.558 804 Total Income 130,007 70,010 200,017 133,433 244,413 377,846 Expenditure on: Raising funds Charitable actyvityes 38.660 81740 38,660 142,680 14.599 103.645 14,599 389,395 59,940 285.750 Total Expenditure 121,400 59,940 181,340 118,244 285,750 403,994 Net gainsll105sesl on investments 25 25 14 Net Incomel{Expenditure) 8.632 10.070 18.702 15.203 (41.337) (26.134) Trdn5fers between fund5 Other recognised gain4{Ios5e5} Net movement in fund5 8,632 10.070 18,702 15.203 (41.337) (20.134) Tot21 funds brought forward 2,396.073 7,148 2,403,221 2,380,870 48.48S 2,429,355 Total funds carried forward 2,404,705 17,218 2,421,923 2,396,073 7,148 2,403.221

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Balance Sheet As at 31 December 2020 Unrestricted Restricted Funds Funds 2020 2020 Total 2020 Total 2019 Note Fixed Assets Tangible Assets Investments 2.330.693 2,330.693 2.330,668 2.330.693 2,330,693 2.330.668 Current Assets Debtors C3sh At Bank And In Hand 17,572 94,851 17,572 112,069 20,817 136,638 17.218 111423 17.218 129.641 157,455 Creditors - Amounts Falling Due Within One Year 25,611 25,611 74,587 Net Current A55ets 86,812 17,218 104,030 82,868 Credltors - Amounts Falllng Due After More Than One Year 11800 12,800 10,315 Net Assets 2.404.705 17.218 2.421.923 2.403.221 Represenced by: Restricted Funds Unrestricted Income Funds 17.218 17,218 2,404,705 7,148 2,396,073 2,404,705 Total Funds 2.404.705 17.218 2,421.923 2.403.221 The financial statements were approved by the PCC on 16 May 2021 and signed on its behalf by.. Rev'd Al Gordon Incumbent

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 . Accounting Policies The principal accounting policies adopted, judgements and key 50urtes of e5umation untertainty in the preparacion of che financial stacements are a5 follow5.' Basis of accounting The financi￿ statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP IFRS 1021) 2nd Financial Reporting Standard 102 IFRS 1021. The financial statements are drawn up on the historical cost basis of actouniing except for che revaluation of freehold land and buildings which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC 15 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 encity under FRS 102. Going Concern There are no rn3terial uncertainties about the charity's ability to continue as a going concern and accordingly the ccounts have been drawn up on a going concern basis. Income recognition Volunury income and donations {including legacies) are accounted for once the PCC has entitlement to the income. it is prob3ble the income will be received and the amount of incorne receivable can be reliabty measured. Income from the recovery of tsx on grft aided donations is accounted for in the period to which the relevant donation 15 received. Grant incorne 15 recogni5ed on a receivable b35iS. The income frorn trading activitie5 includes rental income from the lettyng of church premises and freehold land and buildings which is accounted for when earned. It is shown gross, with the associated costs included in fundrnising costs. Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably by the chariry,. this is normally upon notification of the interest paid or payable by the bank. Expenditure recognition Expenditure is accrued as soon as a liabiliry is considered probable, Ind the amount of obligation can be measured reliably. Longer term liabilities are discounted to presen¢ value. The PCC is not registered for VAT and accordingly expenditure include5 VAT where appropriate. Expenditure included in Raising Funds includes arnounts incurred in obtaining gran(5 and other donatior15 and property maintenance costs. Charitable expenditure includes those costs in fvlfilling the PCC'S principal objects, as outlined in the Report of the PCC. These include grdnts payable, governance costs and an apporcionment of suppor£ tosts. Grant5 payable are payments made to third parcie5 in furtherance of the PCC'S objects. In the Gise 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 fLJlfilling performance conditions are only iccrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to th2t grint is outside of the control of the PCC. Governance costs comprise all costs involving the public accounLibility of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 l. Accounting Policies (continued) Tangible Fixed Assets Consecroted Property ond Moveoble Church Fumishings Consecrated 12nd and benefice propery such as the church building and vicarage is excluded the accounts in accordance with s l O of the Charities Act 201 l. Moveable church contents are held by the vicar and chLJrchwardens on special trust for the PCC and require a ficulty for disposal are 2ccounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice bLJildings and moveable church furnishings, whether maintenance or improvemen4 is expensed within the Statement of Financial Activities. Fixed Asset Investments Investments are statsd at market value. Debtor5 Debcors are included at the setdement amount due. Prepayments are valued ai the amouni prepaid. Cash at bank and in hand Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three month5 or less from the d3te of opening of the deposit. Creditors and provisions Credirors and provisions are recognised where Ihe charity has a present obligation arising from a past evenc that will probably result in the transfer of funds 10 a Ihird party and che amount due to setcle rhe obligation can be measured or estimated reliably. Creditor5 and provisions are recogni5ed at their settlement amounL Borrowings The PCC has one category of borrowing- concessionary loans from the Diocese of London lon which no interest is payable), which is recognised at the amount received. Fund accounting The funds held by the ch3riry 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 C3n only be used for particular restricted purposes wthin the objects of the charity. Restrictions 3rise when specified by the donor or when funds are raised for particular restricted purposes.

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 2. Income Unrestricted Restricted Funds Fund5 2020 2020 Total 2020 Total 2019 Donaiions and legacies Offerings and donations Income tax reclairned Grants 24.659 45 24.659 45 70,010 32.915 1,940 243,679 70,010 24.704 70,010 94.714 278,534 Charitable activities Fee income (net of fees paid to Diocese) 15691 Other trading actiwties Lettings income 46,745 46,745 41,740 Investments Rental income Bank Intsrest 58,520 38 58,520 38 57.743 398 58,558 58,558 58,141 130.007 70.010 200,017 377,846 3. Expendlture on Ralslng Funds Unrestritted Restricted Funds Funds Total 2020 Total 2019 2020 2020 Hoxton Square property- running costs Clerk'5 House property- running costs Provision for bad debt Legal and professional 9.365 800 27.366 9,365 800 27,366 5,109 781 8.709 38.660 38.660 14.599 12

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 4. Expend5ture on Charltable Act5vSt5es Unrestrlcted Restrlcted Fund5 Funds 2020 2020 Total 2020 Total 2019 Common Fund 30,336 30,336 43,000 Church Life and Outreach Upkeep of services Gifts and grants 865 1.974 2,839 1.379 2,282 865 1.974 2.839 3.661 Provision of Office and Support Telephone and broadband Printing, postage and stationery Office cos Publicity and website design Professional fees 26 69 95 677 35 35 35 61 69 130 1.012 Provision of Buildings and Facilities HeaL lighc and water Insurance Repairs, maintenance and cleaning Facilities management (recharged salaries) 8,609 7,458 18,802 9,793 9,065 3,730 2,753 5.259 21.555 5.259 22,992 34,869 12,926 47,795 43,224 Building Restoration Professional fees Contractors Project consultant Engagement Insurance 2,921 3,283 37,502 6,204 37,502 13.752 2.992 22,944 232,641 17,828 23.671 514 12.558 2.992 15,479 44,971 60,450 297,598 Governance costs Independent E￿MinatIon fee 1,130 900 1,130 1,130 900 82,740 59.940 142,680 389,395 5. Net Incomel{Expenditure) 2020 2019 This 15 Stated after charging.. Independent examination fee Other fees paid to independent examiner 1,130 900 300

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 6. Tangible Fixed A95et5 There are currently no fixed a55ets recorded. The church building - St Leonard'5 Church, Shoreditch High Screet- 15 a con5ecraced building which is used and maintained by the Parish. 7. Fixed Assets Shares Property Total At I january 2020 Revaluation Disposalslredemptions 668 25 2,330,000 2,330.668 25 At 31 December 2020 693 2.330.000 2.330.693 The church's investment properties are.. l O Hoxton Square. Shoreditch, London N16NU. The property. which consists of several self-contained flats. is currendy let on a mixture of commercial and below commercial rate5. The Clerks House, 118/? Shoreditch High Stree¢ London El 6IN. The property 15 let at a commercial rats. 8. Debtor5 2020 2019 Prepayments Rent receivable Income tax recoverable Other debtors 1,682 6,361 9.529 7,976 10,493 17,572 20.817 9. Creditor5 - Amounts Falling Due Within One Year 2020 2019 Accruals Accounis payable Loan12) - Diocese of London Loan13) - Diocese of London 8,341 8,090 1,980 7.200 55,002 7,920 11,665 25,611 74,587

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 9. Creditor5 - Amounts Falling Due Within One Year (continued) Loan {21 is to fund the refurbishment of the basement flat at 10 Hoxton Square. Repayments must be made at a rate of at least £660 per month beginning no larer Ihan one year after initial drawdown until ail che loan balance has been repaid. The loan is inceresr free. Loan13) is to fund the refurbishment of the west elevation. Repayments must be made at a rats of £800 per month beginning no later than one year after initial drawdown until all the loan balance has been repaid. The loan is interest free. 10. Creditors- Amounts Falling Due After More Than One Year 2020 2019 Loan12) - Diocese of London Loan13) - Diocese of London 1,980 8,335 12,800 12,800 10.315 I l. Re5trlrted Funds I la Current year Atl January 2020 At31 December 2020 Gainsl (losses) Income Expenditure Transfers West elevation project Historic England Minor Repair5 Covid Relief Grant Homeless and Addiction projects First Aid equipment 5.248 39.723 14,587 15.700 (44,9711 14,587 750 1,881 {14,9501 19 (19) 7.148 70.010 {59.940) 17.218 I I b Prior year Atl January 2019 AtJl December 2019 Galnsl (losses) Income Expenditure Transfers West elevation project West elevation IHLF developmenc) Homeless and Addiction projeccs First equipment 46,242 99 2,125 19 8,630 234,945 838 149,6241 1235,0441 11,0821 5,248 1,881 Total 48.485 244.413 (285.750) 7.148

THE PCC OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH Notes to the Flnanclal Statements For the year ended 31 December 2020 I l. Restricted Funds (continued) Descripcion5 of the main restricEed funds are a5 follows.. West elevation project- income received for the rep￿'r of the church west elevation. West elevation project (HLF development) - income received from the Herit2ge Lottery Fund for developing the Scheme to repair the church's west elevation. Nave Roof Repair Project- income received for che repair of the nave roof. The transfer to general funds is in recogniuon of general funds spenr on the Portico project in 2019. Homeless and Addiction ProjectF income received for the Spitalfields Crypt Trust projett and other local work for homeless people. Covid Relief Grant- A National Lottery Heritage Emergency Fund grant to help cover the costs of the hericage building durin8 lockdown and re-openings. 12. Rélat￿ Party Transactions The PCC offers some accommodation at the PCC'S investment property in Hoxton Square below commercial rent to some of our volunteers, two of whom are members of the PCC. No member5 of the PCC were paid any amounts in 2020 {2019.. 3 member5 of the PCC were paid £6,250 for engagernent work on our heritage project5 Members of the PCC and their related par¢ies made aggregate unrestritted donations of £18.895 12019.. £18.500) during the ye2r.