St Luke's Church Hampstead Report and Accounts year ended December 2020
PAROCHIALCHiIRCH COUNaL OFSTLUKfs CHURal HAMPSTÉAD LEGAL &ADMIIIISTRAmVE DEfAILS ADDRESS FOR CORRESPONDÈNCE SL Luke's Church Kidderwre Avenue London GOVERNING DOCUMEK PCC Powers Measure 1956 and the Chur¢h Representatwjn Rult5 2011 CHAR y AEGisfRATION NUMBER 1144851 MEMBERS OFTHE PCC ReV.lStairThlder Ilnctsmbentl Rv4.Tom Pountain Ireskned l)e¢ember 2020) las$tsnt minlsterl Darren Barkerlre5yd November20201 Adam Farbjw (church warden) Ichurth warden) Brandon Leu[ lapwnted Novernber2020) Ichurch warden) Adrkan Barratt Josephn Di¥Aker (re$4d November 20201 Nia DÉwaker IreslRned No%mber2ry201 MonKa Duntan Conor Hamiknn lappointed November 20201 Brandon Leu lappoijtted thurth warden Nthrnber20201 Pietie Olvr Ire5igned November20201 AndwEw Parker MKhael Poulard Emifia Worth INDEPENDENT EXAMINER Apy Rajani FaE ste¥Mthip l Lamb's Passage LONDON ECIV 8AB INDEX Page I Legal & Admln15tratfve Detslb Pages 24 Pace 5 Indepen¢rt Examinees RepNt Page 6 Retelpts and PaynntsACcLWjnt ststementof Assets & Lknbilities Pa7 Pages 8-10 NotestotheActtsJnts
PAROCHIAL CHURCH COUNOL OF sr LUKE'S CHURal HAMP5TEAD REPORT OF THE PAROCHIAL CHURCH COUNaL FOR THE YEAR ENDED 31 DECEMBER 2020 The PCC has pleasure in submttting the Report and Accounts forthe year ended 31 December 2020. Objects of the tharity The charity is responsible for co-operating with the incumbenL in promoting in the ecdesiastical parish. the whole rnission of the Church be it pastoral. evangelistic, social or ecumenical. The PCC is also resoonslble for maintainino Certain d)urch oroDertv situated within the Darish. namelv the church buildine The PCC (with the incumbent) seeks to fvrther rts charitable purposes in carrying out for the public benefit the following activities: holding regular public worship open to all; pastoral work, including visiting the sick and the bereaved- the teaching of Chr5Stianity thro sermon5. courses and small groups: the tsking of religious assemblies in schools: the provtsion of youth dubs a Christian ethos; the promotlon of Christianity through the staging of events and meetings and the distribution of Itterature promoting the whole mission of the Church through provision of activities for senior citizens parents and toddlers and other special need groupsi and supporting other charitres in the UK and overseas. Summary of the charity's main artbVitand athie¥ements To further the above objerts and vision, the charity's main actsvitses and athievements were as follows: - Appointed a Vulnerable Adult's thampion to ensure safeguarding of vulnerable adults. and completed a safeguarding audit - Completed a quinquennial inspection to ènsure matntenance of the Churth's historic srte - COWD-proofed the Church's Sunday and Midweek offeri with the trusteÈ5. Staff team and volunteers learning ertirely new ski115 to make gatherings rnterartTve ratherthan a"broadcas - Implemented so¢ialty41istanced moming service once irN)erson Servi were again allowed. Most the Charity's activites are undertaken by volunteer5 and the charity could not operate effectively without their efforts. In ptanning the activitres the PCC has applied the guidance on public benefft ied by the Charity Commission. Financial review During the year income decreased by £81.708 to £159.202. and expenditUTe decreased by £18.278 to £211.473. A5 a result the osh held by the chartty de¢reased by £52.271 to £157.722, of which £138.c88 15 unrestri¢ted and can be used for any tharwtable purpose. The income rep(vted in 2019 induded a large leRacy 0f£SO.L). Reserves poliLy
Where there are short-term surpluses, the PCC'S Investrhent policy Is to maximise retums using low rlsk products from major banks or prescrlbed Churth of England investment sthemes. Our reserves pollcy Is to alm to keep at least six monts worth of annual thurch running c¢sts {currently in the region of £75.0001 In liquid essets: should this minimum at any time not be met an immediate plan would be enacted to reduce Costs or raise additional Income. At the year end. the charity held unrestricted cash of £138.098. Govemance The charity is registered with the Charity Q>mmlssion and operates under the Charities Art 2011. The governing documents for the tharity are the Parochial Church Counals (Powers) Measure 1956 las amended) and the Churth Representation Rules 2011. The appointment of pcc members is governed by. and set out in. the Church Representation Rule& The PCC comprises ex-officio members (which indudes clergy and thurchwardens). elected members and co- opted members. The PCC organ5 elections annually before the Annual Parochial Church Meeting IAPCM) to fill vacancie& The members of the PCC are the tharit5 trustees for the purposes ofcharity law. Responsibllity for setting policy and for deterniining the parameters within vthich the charity should operate rests with the PCC which meets regularly to monitor the actiwties of the tharity. Re5ponslbility for the day to day operation ofthe charity has been delegatsd to a rnanagement team led by the incumbent. The PCC has appointed a number of sU)mmIttee5. Standing Comrnittee: This is the only committee required by law. has power to tran5aCt the business of the PCC between its meetings. subjert to any dire¢ticrts given by the PCC Flnance Committee: PCC has delegated to this committee the tasks ofr. finanaal plannln& effective monitoring of income and expenses and implementation of robust money-handling controls; maximising income within Biblical prinaples: and ensuring that resources are used costveffectively. Premlses Committee: PCC has delegated to this cimnmittee the tasks ofr. supporting the PCC in its planning for ongoing and future premises work: managing ongoing premises work: and related funrtions relatingto the care ofour churth buildings and the safety of those use them. Misslon Committee: PCC ha5 delegated to this committee the tasks ofr. motivating the chUh family and helping them to learn about the health ofthe Churth both at horne and abroad: prompting a response from the church family by providing opportunities to pray and t¢ provide pra¢ti¢al support to further the proclamation ofthe gospel and the growth of the Church worldwde. The PCC has pollcles and procedures In place In relation to smoke-free premises, chlld protertion and safeguardin& hall hire and use of the main thurth buildin& risk assessmen¢ fire risK the handllng of cash, baotisms I thankseivin¢ services and stsff exDense dalm Page 3
other matters With regard to the Pcfs obllgations to safeguard children and vulnerable adults. the members of the PCC confirm that they havè complied with their duties under section 5 of thÈ Safeguarding and aergy D15cipllne Measure 2016. The last qulnquennial inspection was held in July 2020. Having reviewed its findings, the members of the PCC have detemiined that some Smmediate work required in relatlon to water penetration at high and low level: this is expected to cost £5.(.(j and the members of the PCC anttcipate that the works will be comDleted bv Julv 2021 Responsibilftles of tTUStee5 Charity law requires the PCC to prepare financial statements for each accounting Year which record the receipts and payments of the charityfor the year. The PCC is responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financial ysIOn of the charity and enable us to en$ that the finanaal statements comply with the Charitie5 Act 2011. We also have a responsibility to safeguard the assets of the charity and to tske reasonable steps to prevent fraud or any other irregularities. Approval This report was approved by the trustees and siy*d on their behatfbv: Rev. Alistsir Tresidder Date: Page 4
INDEPENDEKT EXAMINER'S REpoKr TO THE TRusfEES OF PAROCHIAL CHURCH COUNaL OF sr LUKE'S CHUROI HAMpsfEAD I report to the trustees on my examination of the accounts of St Luke's thurch Hampstead drity,} for the vear ended 31 December 2020 on paRes 6 to Iofollowi Responslbilities and basis of report As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111'the 2011 ACVI. I report in respert of my examination of the charivs accounts carried out under section 145 of the Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the 2011 ACL Independent examlnerfs statement I have completed my examination. I confimi that no rnaterial matters have come to my attention in connection with the examination giving me cause to believe that In any material respect: l. accounting records were not kept in accordan with section 130 of the 2011 ACL. or 2. the accounts do not accord with the accounting record& I have no Conrrk5 and have come across no other mattets in connection ryth the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ajay Rajani FaE Stewardship l Lamb's Passagè LONDON ECIY 8AB Date: 14 May 2021 Page 5
RECEIPTSANDPAThIENTS ACC1 Restated (see note 71 2D19 20 VDluntaryreceirrts Church activities Go¥emrnent fundir¢B for maJwTePa Investment Income other incorne 21a} Ibl ,221 39.1 115.611 39.198 161.764 55.598 19.163 IA97 2088 L192 L192 3.201 21dl Totulrects 133.812 240.910 Chvrth a&tieS Cler8y and SlaffiCO5ts Church runnln8COSts Major repair5 mlDn wTrAr8anddonatknr 31al 31bl 4cl 31dl 84.686 106.662 19,805 18.598 107ASg 14n3 20L889 211.473 229.751 NetOffe¢tsI Ipawnentsl beloreirnMfs 16B.0781 1512711 11,159 Tr3n5fer5 betwe furKIs 16W 1512711 IL159 Cash fundsa5 at last year end 206J76 3.817 209.993 8.835 138J)98 I914 157,722 The note5 be8innin8on p3ge8form part oftseattoth
srATEMENf OF ASSEfs AND UABILrrJES ASAT31 OÉCEMBÉA 2020 Unrestrkt•d funds RÈstrl¢t•d fvnds 2020 2019 A Cash Cash at bankwlth Immediate access Notlo deposlts Manse slnkin¢fund 17,032 100,019 21.047 36.655 100.019 21,047 157.722 40.870 150,089 19.034 209.993 B Oth•rmon•tary •ss•ts Gfft ald du8 to Charity Hall hlre UtiiitlesanJ Insurance recumable from St Luke's School 6.169 17,405 2.488 2.175 1175 7335 7.335 197 C ilabllltles Fall1 du•wlthln ¥ Fee for Independent Examlnation 930 620 Isso 930 620 I50 900 609 I09 Current value whith asset 5.600 Fixtures. fittw and equlwntht been at Ir depre ¢05t as an pMIl for thelr market value5 attheyeireThJ. The PCC a150 beneficially owD5 a manse. LeFI 1fttothe wopthre5ts withthe Thocese ItheatOantsU$teeI wh050 apwo¥31 is required forany woposed yle. The m¥nselsan unrtr6rted asset by A. QTrUO 0 0512PiI Rev.AfSstalrTresldder Ihe notes benninOn page8frym partolthese are1%
The accounts ha% been prepafed an a rece4)tS arKI p¥y¥Mnts ba515 a awthent that shDw5 the Chtrivs recelpts afid payrnents.a Statement that sUnwritheCharWSassets7d rAlitieS and rthtednote5. Theartouniarfyprofesslon determlned that only account5 prepared In acCOrdar wlth ak44tsbie accouDtinK starthrd5 present a and fairf VIEW and. as these reteipt5 and PaTr7nts acwunts ha not land cannot) be prepared ith accNthKe ith accountlw these dD notpreI land are not intendedto presentl alrueaTrJ falrf¥wdttds3wity'sffinaKialxtI%4Sand stater4alf& UnTestrictEd funds3re lundsTwhkh aavaIalle10r useatthe PCC knftjthancerfthe8 otthesofthe tharity. Re51rided hjnds are donatiLW whth are to be Used in a(t£wdante Tth speafft resbictths don(vs.. Indude donatlons re&¥edfr0rnappalsfOrSrdc3cIl0r T¢x4 Total 2019 2 al Volwrt•ryln¢•M DQnaknoTh%rece-GIftIlded Otherdonations Gfftaid recovervj ll070 4591 79.318 6% 17256 16L764 17A22 9)2 17,422 115.611 25JX bl cha(¥Ie5 Fee5forwEddin8saTrJfunewaL* In¢omefrrffiPawish E¥eAts Feelromst Luke'ssthv LettingsforcornThuDityuse 671 6550 25,043 23.335 55598 25 39.198 39,198 19,163 Intere# frrffi(¥hdekw%lts 1.192 1.192 1.192 1.192 L497 el Otherlrxome 5undryinr(kne 3.201 3.201 3.201
Total 20ZO Totsi X)19 Funds RethargeofclergvsFd Staff payroll 39.10) 29504 Ruftmln8 Wstsfortlergyaccomrnodation Expenseslncurred lnfurther4rtso1d1ek. Ckrgy sto 5.451 747 1747 L129 L737 84.686 88541 Ajlsiair Tfedder and Tom Pwrtain are dugy of Fro recer4t a fram Dicxes. thp of these 5tlpends Is not included in the abm payr1 ¢05t tr nrted that some of the Parish Sha (common fundl Is ttsedto help pay the In the casÈ ofTom the retha is a conirfkntim tuward5 ernpkryment Costs. l$la11 Tressidder and Tom pntain t wrth Iwhxh is oJ5tomaryfw deT8yI the cort ofthi5 accorn¢Thyfation dt5dosed in thÈ al note. AdTrS¥Jr Irur[l e4yen5e5 llst serrir¥ ¥$ der8y and these Costsarealso (rCse inthe abrye. Malntenar ToIn1CO5ts rixtures, fittln85and ¢qUrr paShe¥ets Prlntingand #aIi(xryandoiher(rt 1ndedentexffinatthfee Telecomnatlons Utilitie4 fense5& 4YI 1275 L743 L715 652 722 IAIO l410 11.673 ILE662 105. 107A59 Ma1£p•1 Maiorrepalrstothurthwowty OtherftS 14494 104 159 3275 7m5 14.723 St•flc05ts1seenote 3lall irKILhley055F4yof£92401201£WtssTTe5•Jderlthols w1tOaPCc trr)lLy{Tr9•5 thethur¢fv's WL¥nens'worker. Durin8the year the PCC patd £lIKKlto Tom to he had for the manEe (hffln8 hLs tenure vAththechwth. S StLth'sClwNthofEr¢l•AISdwDI St Lth's Churth ol 5dhxl *7$ estab115hEd ty rnenkn Lrfthe dM¥th aThl thE KC bas the to awolnt stvne of Its DurirytheyeartheSdbx4 paxlfee501u5.0 I.£35j31lotr PCCftythÈu5eulthwthpropertylseenote 2lbll.
BalanLe at3L1120 at3L1119 Trdnkn Missin fund LTAI Equlpmertfund Ama¥Grac¢tralTrfrtd Hardshlpfund L773 175L¥J 1316 19,624 3.175 9583 3.817 253 ThePCC operatesa operate5 a sepaTrte bank itU5es toWpcoMthe cost0fm3Jn¥thP mansethat It owns. Thls bank accouTht ha5 nDt preNiwty bets) indutsj iThthE Ftc5 howv4W. a5 the mney In th0ccOUntdo2S belon8 to the PC4a a0iustrrRnthas b2en Tnade thyear10bryIt inlothethavits arcwrt& Ilwslwbeen thnebyreAatirythe1eW repwxted preyioustyas exwaifted Pwoustyreported re5eryex at 31 Dt¢¢ Indusion of prevI[1¥0Mitted bacOUnt 179579 I9.6 2LY)YJ3 Pou5repOrted Incluslon of extUre passh¥tlWeITDU*aW1lted Rtrstzted resuks 2Z2 11.158 P•J• 10