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.