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2020-12-31-accounts

St George Enfield Report and Accounts

year ended 31 December 2020

1 Lamb's Passage LONDON EC1Y 8AB t: 0208 502 5600 e: enquiries@stewardship.org.uk w: www.stewardship.org.uk

ST GEORGE ENFIELD

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2020

ADDRESS FOR CORRESPONDENCE ADDRESS FOR CORRESPONDENCE 127 Park Road
Enfield
EN3 6LN
GOVERNING DOCUMENT PCC Powers Measure 1956 and
the Church Representation Rules 2011
CHARITY REGISTRATION NUMBER 1143794
TRUSTEES RESPONSIBLE FOR Rev Taemin Oh (Incumbent)
MANAGING THE CHARITY Stephen Ajakaiye
Ajoke Alaoye (appointed November 2020)
Juanita Balmer (appointed October 2020)
Margaret Blazey
Patricia Davis (resigned October 2020)
Rebecca Egunjobi (appointed October 2020)
David Gibson (resigned October 2020)
Tiffanie Horsfall (resigned October 2020)
David Jenner
Sylvia Lameck (resigned October 2020)
Michael Lewis (resigned October 2020)
Christine Nnadi
Irene Selema
Caroline Shaw
Vince Sheehan
Jacqueline Stewart (appointed October 2020)
BANKERS HSBC Bank Plc
CCLA
INDEPENDENT EXAMINER Jaimée Young
Stewardship
1 Lamb's Passage
LONDON
EC1Y 8AB
INDEX
Page 1 Legal and Administrative Details
Pages 2-6 Trustees' Report
Page 7 Independent Examiner's Report
Page 8 Receipts and Payments Account
Page 9 Statement of Assets & Liabilities
Pages 10-11 Notes to the Accounts

Page 1

The Parish of St. George, Enfield

Trustees Report for the Year Ending 2020

I. Aim and Purposes

The Parochial Church Council ('PCC') has the responsibility of co-operating with the incumbent. In the absence of an incumbent due to Interregnum, the PCC works under the guidance of the Bishop of Edmonton, the Archdeacon, Area Dean and churchwardens in promoting within the ecclesiastical parish the whole mission of the church. It also has the responsibility for the Parish Hall and Community Centre.

The PCC has its Mission Action Plan published annually, and it gives a guideline for the parish's strategic planning in general.

II. Objectives and Activities: Mission Action Plan

In our Mission Action Plan, there are four key areas of focus as below:

1. Mission in Community/ Better Communication:

2. Online Mission for the Discipleship:

3. Mission for the Youth:

4. Discipleship:

2

III. Achievements and Performance

1. Worship and Prayer

The PCC is working hard to provide adequate services for all members of the congregation during Covid-19 Pandemic. Throughout the year, various church services were offered in order to nurture the spirituality of the congregation in different ways. Sunday Eucharist has been the centre of our worship and different seasonal services were offered. All our public services have been live streamed through our social media platform.

To support our Parish School (Church of England VA Primary School), the PCC works hard to give necessary provision to meet the requirements after SIAMS inspection. Since the outbreak of Covid19, the school had to provide care and support for the children of key workers as well as children of vulnerable families. The incumbent of the parish, Fr. Taemin has been a part of such support, leading various services and assemblies in school or through pre-recorded videos. The PCC has deep concerns over all staff members for their physical and mental health, and the PCC governors are working hard to support the staff team members.

We have seen some increase on our Electoral Roll number before the Covid-19 pandemic, yet this now needs to be fully updated and reviewed internally as the lockdown has made an impact on our church community. We have sadly lost some members last year, and their funeral services took place in the church.

Our Assistant Curate Revd. Vincent Sheehan is still based at St. George's. He is now working as a teacher at the parish school and still actively supporting other churches in the Edmonton Area, as there has been shortage in the number of serving clergy due to the Covid-19 pandemic. He will stay with us, until he finds his own parish, providing support to the work of the parish.

Overall, due to the Covid-19 pandemic, the public worship in the church has been affected and it has been transferred to the virtual Live Streaming Settings. Although there have been positive signs, the PCC shares some concerns for those who have no internet access.

2. Deanery Synod

The PCC is regularly updated by the report from our Parish Representative to the Deanery and all our licensed clergy also attend the meetings. We have new Area Dean and Sub Deans in Enfield Deanery and we are now having our clergy Chapter Meeting over Zoom.

3. St. George's Parish Hall and Community Centre

St. George's Parish Hall and Community Centre has experienced huge changes last year.

Firstly, our long standing Hall Manager has left during the early pandemic. The PCC decided to put all paid staff members into the furlough scheme, yet had to make redundant due to financial pressure.

All weekend parties and activities, which used to help us in finance, have cancelled. Many regular groups cancelled their activities, only certain types of businesses are allowed to use the hall, hence the income from the hall has dramatically decreased. The PCC decided to cancel or stop all

3

unnecessary maintenance, including the contract with the cleaning company, in order to save money.

The parish hall and community centre has been used, however, by a member of community as a centre for cooking for the vulnerable elderly in the area and this was fully supported by the PCC and the Local Community.

4. Ecumenical Relationship

Due to the Covid-19 pandemic, we did not see much movement in this area. The local ecumenical ministers have met on Zoom, and frequently exchange emails to share information.

5. Pastoral Care, Mission and Evangelism

It has been an extremely difficult year to provide good pastoral care for the Mission and Evangelism of the church due to the Covid-19 pandemic.

As noted before in this paper, our main service platform has moved to the virtual Live Streaming. It has created another opportunity for us to build up a virtual community. We now have 560 followers (as of 20 January 2021) since the end of March 2020, and our Live Streaming has been very popular amongst local people as well as family and friends of our regular worshippers here at St. George's. We are fully aware of the impact of using IT skills wisely, and have gained a substantial amount of knowledge in online mission in our local area.

Traditional face-to-face pastoral care has been maintained by the clergy and churchwardens. The PCC decided to continually produce our Parish Magazine, which has been revitalised by a member of the church. They were hand delivered to some members of the church, mainly the elderly who have to self-isolate, by the churchwarden. We acknowledge the hard work of so many people, especially our churchwardens and the PCC members in providing pastoral care to the members of congregation.

6. Financial Review

It has been a very tough year for us due to the Covid-19 pandemic. One of our main income sources is the parish hall, and we had to shut it down for nearly a whole year. However, we still must pay our insurance monthly to keep our buildings insured.

Income in the parish church also has gone down significantly. Having considered the fact that we used to have a relatively high portion of financial support through our occasional services and social events, we had none this year. However, for our income from regular giving, we have reached approximately 90% of average income, which is encouraging. We pray that the day when we could return to normality comes sooner than later, and we acknowledge the generosity of people in our community, which has been so vital.

The PCC are constantly checking our finance and trying to minimise expenditure. However, sometimes it is inevitable for us to spend some money in order to keep our parish up and running. The Diocese have assessed the PCC’s Parish Share to be £85,200 for the year to 31 December 2020; having reviewed the PCC’s finances, the members of the PCC have decided to restrict the PCC’s contribution to £8,900. We also had to take a loan from the bank, to be prepared for the worst scenario.

4

The date of the last quinquennial was 2017 and we are working through the issues. Some of the damp has been dealt with, the water leak found and now the toilet and plaster is drying out before redecoration. Monitoring of the issues as recommended is being done.

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £36,000 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £80,800 and the charity is complying with its reserves policy.

7. Structure, Governance and Management

Members of the PCC are either ex-officio or elected at the Annual Parochial Meeting in accordance with the Church Representation Rules. Each member will work closely together with the incumbent of the parish. Mission Action Plan is a tool for them to use throughout the year as a practical guidance of the PCC. During the year the following people served as members of the PCC:

Clergy:

Fr. Taemin Oh, the Incumbent, licensed on 1 September 2014 Fr. Vincent Sheehan, Assistant Curate, licensed on 2 July 2016

Churchwardens:

Mrs. Irene Selema Mr. David Jenner

Treasurer:

Vacant since in July 2014

Finance Officer:

Ms. Violet Tredgett

Deanery Synod Representatives:

Mrs. Jacqueline Stewart

Elected Members

Mrs. Jacqueline Stewart, Mrs. Ajoke Alaoye, Mrs. Rebecca Egunjobi, Mrs. Juanita Balmer

PCC Secretary:

Mrs. Caroline Shaw Elected November 2020

Parish Administrator:

Mrs. Roni Battley

Electoral Roll Officer:

Mrs. Roni Battley

Standing Committee Members:

Fr. Taemin Oh, Fr. Vince Sheehan, Mrs. Irene Selema, Mr. David Jenner,

5

Mrs. Caroline Shaw, Mrs. Violet Tredgett, Mrs. Roni Battley.

*Members who retired / resigned in October 2020:

P. Davis, D. Gibson, T Horsfall, S Lameck, M Lewis.

IV. Responsibilities of the members of the PCC

Members of the Parochial Church Council are responsible for maintaining and keeping the resources of the parish, including its fabric and financial resources. Members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’. The statements should comply with Church Accounting Regulations 1997 and with the Charities Act 2011.

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

V. PCC Meetings

The PCC meetings are held monthly. In 2020 over Zoom, the Parochial Church Council met on twelve occasions. The PCC meetings covered similar topics to those of the previous year, with some exceptions, which were derived from the Mission Action Plan for the year 2020. The average of Attendance of the PCC Meeting is 92% this year.

Date: 12 April 2021

Revd Taemin Oh, Incumbent

Date:_ 12 April 2021

Mr. David Jenner, Churchwarden

Date:_ 12 April 2021

Mrs. Irene Selema, Churchwarden

6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

ST GEORGE ENFIELD

I report to the trustees on my examination of the accounts of St George Enfield ('the charity') for the year ended 31 December 2020 on pages 8 to 11 following.

Responsibilities and basis of report

As the trustees of the charity 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 charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jaimée Young

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 06 May 2021

Page 7

ST GEORGE ENFIELD

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Funds
General Designated Restricted Total Total
Funds Funds Funds 2020 2019
Notes £ £ £ £ £
Income receipts
Donations 34,282 - 916 35,198 59,341
Gift aid receipts 8,902 - 420 9,322 12,339
Government grants 12,305 - - 12,305 -
Hire of church and hall 32,581 - - 32,581 89,820
Income from charitable activities 1,165 - - 1,165 2,486
Fundraising activities 322.00 - 274 596 2,041
Investment income 1,096 32 96 1,225 1,327
Other 296.57 - 18 315 682
90,951 32 1,724 92,707 168,036
Capital and similar receipts
Loan received 30,000 - - 30,000 -
30,000 - - 30,000 -
Total receipts 120,951 32 1,724 122,707 168,036
Payments
Payments
in
relation
to
activities undertaken directly		 charitable 2 129,533 - 50 129,583 192,944
Grants paid in relation to
activities undertaken by others		 charitable 3 515 - 336 851 5,368
Total payments 130,048 - 386 130,434 198,312
Net of receipts / (payments) before
transfers (9,097) 32 1,338 (7,727) (30,276)
Transfers between funds 5 - - - - -
Net movement in funds (9,097) 32 1,338 (7,727) (30,276)
Cash funds as at last year end 70,226 19,618 34,373 124,217 154,493
Cash funds at this year end A 61,128 19,650 35,711 116,489 124,217

The notes on pages 10 - 11 form part of these accounts.

Page 8

ST GEORGE ENFIELD

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

A Cash funds
Held at bank
CCLA deposits:
Choir Fund
Church Restoration Fund
Hall Repairs Fund
General Fund
Youth Worker Fund
Petty cash
B Other monetary assets
Gift aid due to charity
Hall hire owed
C
Liabilities
Falling due within one year
Loans
Pension due
Fee for Independent Examination
Accrued expenses
Falling due after one year:
Loans
Total		 Unrestrict Designated
funds
£
12,000
1,131
50
3,788
2,681
-
-
19,650
-
-
-
-
-
-
-
-
-
-
-
ed Funds		 Restricted
funds
£
12,948
-
16,236
-
-
6,527
-
35,711
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2020
£
85,955
1,131
16,286
3,788
2,681
6,527
122
116,489
1,996
55
2,051
3,195
91
1,200
1,167
5,652
26,805
26,805
32,458		 Total
2019
£
General
funds
£
61,007
-
-
-
-
-
122
61,128
1,996
55
2,051
3,195
91
1,200
1,167
5,652
26,805
26,805
32,458
93,823
1,126
16,218
3,772
2,670
6,499
109
124,217
2,142
1,063
3,205
-
-
1,440
-
1,440
-
-
1,440

The above 'Bounce Back' loan is repayable in 60 monthly instalments (no payments need to be made until 12 months from the date of the loan) and is repayable in full by June 2026.

D Investment assets
CCLA investment fund income shares (mid marke
V1 Phinn Bequest
Garden of Remembrance
Organ Fund
E
Assets retained for charity's own use
Church hall contents		 t value):
-
-
15,952
15,952		 -
14,524
-
14,524		 -
19,218
-
19,218		 3,991
-
-
3,991		 3,991
33,742
15,952
53,685
Value
2020
£
69,079
69,079		 3,733
31,562
14,471
49,767
Value
2019
£
68,057
68,057

The trustees have used insurance values as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values

Consecrated property, beneficed property and moveable church furnishings which require a special faculty for disposal are excluded from the above list of charity assets.

The accounts were approved by the trustees and signed on their behalf

by date Revd Taemin Oh 12 April 2021

The notes on pages 10 - 11 form part of these accounts.

Page 9

ST GEORGE ENFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

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

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Common Fund
Hall staff costs
Property costs:
Vicarage
Church
Hall
Cost of generating funds
Administration and support services (including salary)
Other charitable expenditure
Governance
Staff expenses
Other costs		 Unrestricted Fun
General
funds
£
8,936
29,865
1,645
18,665
37,965
1,227
24,816
853
1,454
4,008
100
129,533		 ds
Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
50
-
-
-
-
-
-
-
50		 Total
2020
£
8,936
29,865
1,645
18,715
37,965
1,227
24,816
853
1,454
4,008
100
129,583		 Total
2019
£
20,020
38,572
1,141
42,449
42,693
1,822
31,855
6,795
1,218
6,379
-
192,944
3
Grants and gifts paid to others
Grants for:
Local mission
Relief of poverty		 515
-
515		 -
-
-		 -
336
336		 515
336
851		 638
4,730
5,368

Page 10

ST GEORGE ENFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4 Transactions with related parties

Taemin Oh (a clergy member of the PCC) receives a stipend from the Diocese; the cost of this stipend is not included in the above payroll cost however it should be noted that some of the Parish share is used to help pay the stipend. He is also provided with accommodation (which is customary for clergy) and the cost of this accommodation is disclosed in the above note. Any incurred expenses whilst serving as clergy are included in the above 'staff expenses'.

The following PCC members, or connected parties, received payments for services provided to the church unrelated to their role on the PCC: Christopher Nnadi received £690.79 [2019: £1,244] for duty officer services.

No other amounts were paid or are payable to any other PCC member or to any person connected to them.

5
Movement of funds
General funds
Designated funds
Choir Fund
Church Restoration Fund
Hall Repairs Fund
Hall maintenance fund
General Fund CCLA deposit
Restricted funds
Compassion UK
Childrens ministry
Sound system
Chair Fund
Church Restoration Fund
Lighting
Youth Worker Fund
Vestry Work
Stained glass windows
Total funds		 Balance at
31Dec2019
£
70,226
1,126
50
3,772
12,000
2,670
89,844
586
2,371
168
5,431
16,168
2,998
6,499
125
26
34,373
124,217		 Receipts
£
120,951
5
-
16
-
11
120,983
274
138
-
80
69
1,136
28
-
-
1,724
122,707		 Payments
£
(130,048)
-
-
-
-
-
(130,048)
(336)
-
-
(50)
-
-
-
-
-
(386)
(130,434)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31Dec2020
£
61,128
1,131
50
3,788
12,000
2,681
80,779
524
2,509
168
5,461
16,236
4,134
6,527
125
26
35,711
116,489

In addition to the bank and cash balances in restricted funds are the following held as investments whose movements do not therefore form part of the receipts and payments accounts:

Garden of Remembrance - restricted
Garden of Remembrance - designated
Organ Fund
The V Phinn Bequest - endowment
CCLA investment fund shares		 Balance at
31Dec2019		 Increase in
value		 Transfer of
payments		 Balance at
31Dec2020
17,570
13,993		 2,179
-		 (531)
531		 19,218
14,524
31,562
14,471
3,733
49,767		 2,179
1,481
258
3,918		 -
-
-		 33,742
15,952
3,991
53,685

Page 11