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2022-12-31-accounts

St George Enfield

Report and Accounts Year ended 31 December 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

ST GEORGE ENFIELD

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 MANAGING THE CHARITY Stephen Ajakaiye (resigned May 2022) Chika Akinseye (appointed May 2022) Francis Akinwunmi (appointed May 2022) Ajoke Alaoye Juanita Balmer Margaret Blazey (resigned May 2022) Olatunde Coker (appointed May 2022) Rebecca Egunjobi David Jenner Thomas Moody (appointed May 2022) Christine Nnadi Irene Selema Caroline Shaw Jacqueline Stewart 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 2022

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 and the Archdeacon 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

This Mission Action Plan was discussed as a part of the PCC meeting, yet the PCC hasn’t agreed any specific Mission Action Plan in 2022 due to the high demands of providing pastoral and practical support to the members of St. George’s caused by the Covid-19. The PCC agreed on keeping the Mission Action Plan from the year 2021 as a draft working plan for the year 2022, leaving the margin for the PCC to be able to make adjustments as required.

1. Community Outreach and Social Engagement

2. Nurturing the New Style of Worship: Family Service on Parade Sunday

3. New Order of Service for 10:00am Parish Mass

2

III. Achievements and Performance

1. Worship and Prayer

The PCC has been working hard to provide adequate support for all members of the congregation during Covid-19 Pandemic. The average attendance number of Sunday and Weekday Services have significantly decreased during the pandemic, and we are still struggling with the low attendance rate. Particularly, we have lost many elderly members, yet we are lucky to have young families with us. They are very active in many ways, under the strong leadership of the churchwardens and the PCC members.

Even though we are not making any rapid recovery in terms of attendance rate for the church services, we have made huge progress in our online presence. Live Streaming for Sunday and any major services is still going on, the followers on our main social media page, Facebook, has grown to 711 (as of Jan 2023). It has been noticed that those who are watching our online service broadcasting has decreased, yet we still have regular online visitors. Fr. Taemin and David Jenner, are happy to carry on Live Streaming, for the benefit of the people, yet with reduced frequency, three times per week.

Christmas services were offered in the church, all well attended, despite snowy and later icy conditions. For the Christingle Service, we had more than 100 people join even if we had the World Cup Final on the day (with snow on the road!), other services, such as the Crib Service, were also well attended. Despite the difficulties, the PCC sees the positive future for the parish mission.

Fr. Taemin, as a vice-chair of the governing body of the parish school, has been extremely busy in leading the collective worships and providing staff well-being. The head teacher of the parish school has become the Executive Head for both St. George’s and St. James’ School in 2022, and this has created more pressure on other staff members of the school. Fr. Taemin, together with the PCC and other school governors were conscious of this development, and staff well-being has become a very significant issue in school governance.

In terms of the numbers of the Electoral Roll, it has stabilised this year, and had more additions. We lost some members last year, but also gained some new members again this year. For funerals, baptisms and weddings, there are no restrictions. However, the numbers of church funerals, baptisms and weddings has gone down significantly.

The Bishop of Edmonton, the Rt Revd Rob Wickham came and did the service of Confirmation this year on Sunday 2 October 2022. We have 13 new confirmands, mainly from our parish school and the church. Fr. Taemin led the confirmation services for years 5 and 6 pupils as a part of the RE curriculum and he also had a group, which met four times on Thursdays, for more in-depth conversation. The collection we had was sent to the Bishop’s office for his discretionary fund.

2. Deanery Synod

The PCC is regularly updated by the report from our Parish Representative to the Deanery. Due to the Covid-19, most of the meetings were held on Zoom, but the synod has now returned to the in-person meeting. We have two Deanery Synod representatives from the parish, discussing Discipleship and Mission in the Enfield Deanery.

We have now a Deanery Synod School Governor, who is waiting for an approval at the Deanery Synod meeting in March 2023.

3

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

St. George's Parish Hall and Community Centre is still experiencing difficulties in many ways as the Pandemic has not been cleared, yet we are making a good recovery process.

Our hall staff have been working hard to accommodate the changing situations, and to support the needs of each hirer. Many regular hirers have come back, but some, with obvious reasons, couldn’t come back to their normal operation. This had a huge impact on our finances as we have now less income than before the pandemic. Yet we are trying to accommodate this as much as we can, rather than imposing a financial burden on the regular hirers.

We are carefully monitoring the situation, and working closely with each hirer, so that in case of emergency, we could provide meaningful advice to them.

As a general principle, the PCC will need to look into the finance as a whole, and we might need to make some changes in staffing. New national minimum wage will increase our expenditure, therefore with the current level of income, we won’t be able to operate things as it is now. This issue has been shared within the PCC.

We are highly appreciative of the work of our hall manager, Mrs. Roni Battley for her support.

4. Ecumenical Relationship

Since the Covid-19 pandemic, we did not see much movement in this area. The local ecumenical ministers haven’t met this year, only sharing some information through email communications. We are planning to have a face-to-face meeting in the near future.

5. Pastoral Care, Mission and Evangelism

This year, we have lost some members of our congregation due to their illness / advanced age. As we grow older, we have many members who are in the hospital, and the vicar has been visiting them as much as he could, if he is allowed to do so.

Although we have generally a good supporting network among people, still there are some people who are more isolated than others. Churchwardens and the vicar share information on certain people, cross checking their situation. If any needs occur, the vicar visits them. Yet, due to the impact of the Covid-19, it is still hard to provide pastoral care to the people.

On-line services, such as ‘Thoughts for the Night’ have been proven as a precious and effective tool to provide care to the members. It used to be 6 days per week, but now it has been agreed to reduce the frequency to three times per week. This important mission has been shared between the vicar and Mr. David Jenner, one of the churchwardens. The parish would need to carry on investing on the new equipment for live streaming as we are also planning to open the Media Room in the parish hall.

Our Parish Magazine, the Shield has been well maintained by a young member of the church. We have noticed that the number of parish magazine sales has gone down, and it might be sensible to discuss whether it is necessary for us to carry on in a way that we have been doing for many years. Yet, the PCC recognized the pastoral needs, in terms of supporting the elderly, and especially for those who haven’t got internet access.

4

6. Financial Review

In terms of finance, there has not been much progress at all, therefore things are very similar to this time last year. Our income from the hall is still low, compared to the pre-pandemic era, and the church collection has significantly gone down compared to pre-pandemic. We now have Contactless Payment System in the church, allowing people to support us with their credit/debit card. This system also allows us to use the web campaign. We used this system first on All Souls’ Day; people made their generous donations through our contactless system. Over the Christmas period, we have used the web campaign on our website, encouraging people to support us easily. Despite such hard work, we are in deficit.

The PCC is constantly checking our finances and trying to minimise the impact on our mission. For our Common Fund, we set a very low level of common fund (£5200 in 2023), to match with the current income level. We do appreciate the support from the Diocese, allowing us to deal with the situation here in the parish. In 2022 we paid £4500 for the Common Fund, which was paid in full.

The date of the last quinquennial was 2017 and we were due in 2022. Although it seems ok to say that we are free from any major structural issues now, there are some areas which need urgent attention. The PCC managed to complete the plastering job in the Lady Chapel, Vestry, and Baptistry Font. We are ready to paint the vestry before we put in a new sink unit and serving tables.

The PCC is still 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. This needs to be reviewed and rectified annually, preferably at the APCM, which is scheduled on the last Sunday in April 2023.

7. Safeguarding, Structure, Governance and Management

Safeguarding now has become one of the regular agenda items at the PCC meetings. We use the Safeguarding Dashboard, and currently we are in Level 3, 78% completion (as of Dec 2022). All members of the PCC must complete their own individual training. We take safeguarding seriously.

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

Churchwardens

Mrs. Irene Selema Mr. David Jenner

Parish Safeguarding Officer

Mr. David Jenner

Treasurer

Vacant since in July 2014

Finance Officer

Ms. Violet Tredgett (Co-opted PCC member)

5

Deanery Synod Representatives:

Mrs. Jacqueline Stewart, Caroline Shaw, Christine Nnadi

Elected Members

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

PCC Secretary:

Mrs. Caroline Shaw

Parish Administrator:

Mrs. Roni Battley (Co-opted PCC member)

Electoral Roll Officer:

Mrs. Roni Battley (Co-opted PCC member)

Standing Committee Members:

Fr. Taemin Oh, Mrs. Irene Selema, Mr. David Jenner, Mrs. Caroline Shaw, Mrs. Violet Tredgett, Mrs. Roni Battley.

*Members who retired / resigned in May 2021:

Caroline Shaw and Christine Nnadi (both elected again as Deanery Representatives)

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, except August. In 2022, 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. Also, the PCC focused on dealing with the issues around the Covid-19 Pandemic in the parish. The average of Attendance of the PCC Meeting is 89% this year.

Incumbent (Vicar) Revd Taemin Oh Date: 13 March 2023 Churchwarden Mrs. Irene Selema Date: 13 March 2023

Churchwarden Mr. David Jenner Date: 13 March 2023

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 2022 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

  1. 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: 22 March 2023

Page 7

ST GEORGE ENFIELD

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds
General Designated Restricted Total Total
Funds Funds Funds 2022 2021
Notes £ £ £ £ £
Income receipts
Donations 38,090 - 481 38,571 35,469
Gift aid receipts 8,048 - - 8,048 7,347
Government grants - - - - 6,915
Other grants 2,641 - - 2,641 500
Hire of church and hall 50,429 - - 50,429 36,875
Income from charitable activities and fundraising 6,251 1,675 - 7,926 5,858
Investment income 1,457 65 300 1,822 1,122
British Gas refund - - - - 6,849
Other 385 - - 385 1,755
Total receipts 107,300 1,740 781 109,821 102,690
Payments
Payments
in
relation
to
activities undertaken directly		 charitable 2 124,318 662 - 124,980 105,605
Grants
paid
in
relation
to
activities undertaken by others		 charitable 3 300 - 636 936 1,308
Total payments 124,618 662 636 125,916 106,913
Net
of
receipts
transfers		 / (payments) before (17,318) 1,078 145 (16,095) (4,222)
Transfers between funds 5 19,201 (19,702) 500 - -
Net movement in funds 1,884 (18,624) 645 (16,095) (4,222)
Cash funds as at last year end 17,290 59,040 35,937 112,267 116,489
Cash funds at this year end A 19,174 40,417 36,582 96,172 112,267

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 2022

A
Cash funds
Cash at bank
CCLA deposits:
Choir Fund
Church Restoration Fund
Hall Repairs Fund
General Fund
Youth Worker Fund
Petty cash		 Unrestrict Designated
funds
£
-
1,146
16,509
3,840
12,305
6,616
-
40,417
ed Funds		 Restricted
funds
£
36,582
-
-
-
-
-
-
36,582		 Endowment
funds
£
-
-
-
-
-
-
-
-		 Total
2022
£
45,005
1,146
16,509
3,840
22,988
6,616
67
96,172		 Total
2021
£
General
funds
£
8,423
-
-
-
10,683
-
67
19,174
61,645
1,132
16,295
3,790
22,690
6,530
186
112,267
B
Other monetary assets
Gift aid due to charity
Stock held
Hall hire owed
C
Liabilities
Falling due within one year:
Loans
Fees owed to Diocese
Pension due
Fee for Independent Examination
Creditors and accrued expenses
Falling due after one year:
Loans
Total		 1,733
473
607
2,813
6,389
-
91
1,440
1,403
9,323
14,516
14,516
23,839		 -
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-		 1,733
473
607
2,813
6,389
-
91
1,440
1,403
9,323
14,516
14,516
23,839		 1,629
473
433
2,535
6,389
1,153
91
1,440
1,327
10,400
20,303
20,303
30,704

The above 'Bounce Back' loan is repayable in 60 monthly instalments and is repayable in full by June 2026.

D Investment assets

ets
nt fund income shares (bid market value):
V1 Phinn Bequest
-
Garden of Remembrance
-
Organ Fund
-
-		 -
15,858
17,041
32,899		 -
18,213
-
18,213		 4,030
-
-
4,030		 Value
2022
£
4,030
34,071
17,041
55,142		 Value
2021
£
4,565
38,594
18,750
61,909

CCLA investment fund income shares (bid market value):

E Assets retained for charity's own use
ets retained for charity's own use
Church hall contents		 Value
2022
£
71,358
71,358

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 Rev Taemin Oh 13 March 2023

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 2022

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 (including salary)
Property costs:
Vicarage
Note 4
Church
Hall
Loan repayment
Generating funds and cost of events
Administration and support services (including salary)
Other charitable expenditure
Governance
Staff expenses
Note 4		 Unrestrict Designated
funds
£
-
-
-
-
-
-
662
-
-
-
-
662
ed Funds		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2022
£
4,500
8,744
1,095
20,854
30,466
6,389
2,703
40,192
3,288
1,320
5,430
124,980		 Total
2021
£
2,400
5,023
1,130
14,665
32,001
3,727
1,490
38,108
1,202
1,200
4,659
105,605
3
Grants and gifts paid to others
Organisations:
Local mission
Relief of poverty		 300
-
300		 -
-
-		 -
636
636		 300
636
936		 200
1,108
1,308

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 under 'Vicarage'. Expenses incurred whilst serving as clergy are included in the above 'Staff expenses' and total £4,414 [2021: 4,370].

The following PCC members, or connected parties, received payments for services provided to the church unrelated to their role on the PCC: David Jenner, a trustee, was paid £160 [2021: £100] in his capacity as a verger, not as a trustee.

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

Page 10

ST GEORGE ENFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5
Movement of funds
General funds
Designated funds
Choir Fund
Church Restoration Fund
Hall Repairs Fund
Hall maintenance fund
100 Club
General Fund CCLA deposit
Restricted funds
Compassion UK
Children's ministry
Sound system
Chair Fund
Church Restoration Fund
Garden of Remembrance
Lighting
Youth Worker Fund
Ukraine Appeal
Vestry Work
Stained glass windows
Total funds		 Opening
balance
£
17,290
1,132
50
3,790
30,000
1,379
22,690
76,330
188
2,509
168
5,461
16,245
400
4,284
6,530
-
125
26
35,937
112,267		 Receipts
£
107,300
15
-
50
-
1,675
-
109,040
-
-
-
-
214
-
-
278
288
-
-
781
109,821		 Payments
£
(124,618)
-
-
-
-
(662)
-
(125,280)
(336)
-
-
-
-
-
-
-
(300)
-
-
(636)
(125,916)		 Transfers
£
19,201
-
-
-
(20,000)
-
298
(500)
148
741
-
-
-
(400)
-
-
12
-
-
500
-		 Closing
balance
£
19,174
1,146
50
3,840
10,000
2,392
22,988
59,590
-
3,250
168
5,461
16,459
-
4,284
6,808
-
125
26
36,582
96,172

The transfer from the Garden of Remembrance fund relates to a payment made from general funds last year.

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:


and payments accounts:
Garden of Remembrance - restricted
Garden of Remembrance - designated
Organ Fund - designated
The V Phinn Bequest - endowment
CCLA investment fund shares		 Opening
balance		 Increase/
(decrease)
in value		 Transfer of
payments		 Closing
balance
22,906
15,688		 (4,523) (170)
170		 18,213
15,858
38,594
18,750
4,565
61,909		 (4,523)
(1,709)
(535)
(6,767)		 -
-
-		 34,071
17,041
4,030
55,142

Page 11