St Luke's Church Hampstead Report and Accounts for year ended 31 December 2021 PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD LEGAL & ADMINISTRATIVE DETAILS FOR THE YEAR ENDEO 31 DECEMBER 2021 ADORESS FOR CORRESPONDENCE St. Luke's Church Kidderpore Avenue London NW3 75U GOVERNING DOCUMENTS PCC Powers Measure 1956 3nd rhe Church Representatlon Rules 2011 CHARITY REGISTRATION NUMBER 1144851 MEMBERS OF THE PCC Ex Offvcio members.. Rev Alistair Tresidder Adam Farlow Brandon Leung lincumbentl (church warden) (church warden) Elected members Adrian Barratt Rosie Craig Monica Duncan Conor Hamilton Iresigned lune 20211 Mark Hackett (appointed June 20211 Andrew Parker Michael Poulard Ernilia Worth INDEPENDENT EXAlvllNER Ajay R8jani FCIE Stewardship l Lamb's Passage LONDON ECIY 8A8 INDEX Page I Legal & Administrative Details Pages 2-4 Report ol the Parochi31 Church Council Page 5 Independenr Examiner's Report Page 6 Rereipts and Payments Account Page 7 Statement of Assets & Liabilities P38e5 8-10 Note5 to the Aciount5 Page 1 PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2021 The PCC has pleasure in submitting the Report and Accounts for the year ended 31 December 2021. Objects of the charity The charity is responsible for co-operatlng with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is a150 responsible for maintaining certain church property situated within the parish, namely the church building and manse. The PCC (with the incumbent) seeks to further its 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 Christianity through sermons, courses and small groups," the takine of religiou5 assemblies in 5¢hools; the provision of youth clubs with a Christian ethos,. the promotion of Christianity through the staging of events and meetings and the distribution of literature,. promoting the whole mission of the Church through provision of activities for senior citizens, parents and toddlers and oiher special need groLJPS,' and supporting other charities in ihe UK and overseas. Summary of the charity'5 main activitie5, achievements and future plans 2021 began with many of the Covid-19 restrictions still in p13ce. However, staff were able to continue with our twin aims of to know Christ and to make Him known" adopting new ways of working and leveraging technology such as Zoom. As a response to 3 diff icult 2020 financial year. the year began with the positions of Apprentice and Curate unfilled following recent departures. In lune 2021, Heidi Taylor joined a5 Apprentice and a new curate Tim Fairbairn has been appointed and will begin work in july 2022. Following easing of lockdown, more physical meetings have been possible but with continued online options available through Zoom and YouTube live streaming. Both Men's and Women's ministries have seen growth supported by events, midweek meetings, book groups and studies. Children'% and Youth work also continues with rebranded groups covering ages 3-18 and a toddler group for mums and babies under 3. An 'Evergreens" group meet monthly serving older people at St Luke's and friends from the community. Overseas, we continue to support families who were previously at St Luke'5 and are now in full time mission work overseas including Argentina, Senegal, and Russia. St Luke's has facilities available for meetings and hire and supported comrllunity projects such as a food bank. Recent repairs have enhanced those facilities. Trustees meet 6 times a year and receive reports on the key activities of organisation iNcluding, Financial, Safeguarding, Premises. Mission. Ministry, Staff and Synod. Most the charity's activites are undertaken by volunteers and the charity could not operate effectively without their efforts. In planning the activities the PCC has applied the guidance on public benefit issued by the Charity Commission. Page 2 Financial review During the year income increased by £46,390 to £205,591, and expenditure decreased by £33,984 to £177,489. As a result the cash held by the charity increased by £28,102 to £185,824, of which £151,632 is unrestricted and can be used for any charitable purpose. Reserves policy Where there are short-term surplu5e5, the PCC'S investment pollcy is to maximise returns using low risk products from major bank5 or prescribed Church of England investment schemes. Our reserves policy is to aim to keep at least six months worth of annual church running c05t5 (currently in the region of £75,000) in unrestricted cash- should this minimum at any time noi 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 £151,632. Governance The charity 15 registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charily are the Parochial Church Councils (Powers) Measure 1956 la5 amended) and the Church Representation Rules 2011. The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-off icio members Iwhich includes clergy and churchwardensl, elected members and co- opted members. The PCC organises elections annually before the Annual Parochial Church Meeting IAPCMI to fi11 vacancies. The members of the PCC are the charity's trustees for the purposes of charity law. Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC which meets regularly to monitor the activilies of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent. The PCC has appointed a number of sub-committees.. Standing Committee.. Thi5 is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any di¥e¢tions given by the PCC. Finance Committee.. PCC has delegated to this committee the task5 of.. financial planning,. effective monitoring of income and expenses and irnplementation of robust money-handling controls. maximising income within Biblical principles,. and ensuring that resources are used c05t-effectively. Page 3 · Premises Committee: PCC has delegated to this committee the tasks of: supporting the PCC in its planning for ongoing and future premises work; managing ongoing premises work; and related functions relating to the care of our church buildings and the safety of those who use them. · Mission Committee: PCC has delegated to this committee the tasks of: motivating the church family and helping them to learn about the health of the Church both at home and abroad; prompting a response from the church family by providing opportunities to pray and to provide practical support to further the proclamation of the gospel and the growth of the Church worldwide. The PCC has policies and procedures in place in relation to smoke-free premises, child protection and safeguarding, hall hire and use of the main church building, risk assessment, fire risk, the handling of cash, baptisms / thanksgiving services and staff expense claims. ## **Other matters** With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016. The last quinquennial inspection was held in July 2020. Having reviewed its findings, the members of the PCC have determined that some work was required in relation to water penetration at high and low level. This work was undertaken in 2021 at a cost of £14,610. ## **Responsibilities of trustees** Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## **Approval** This report was approved by the trustees and signed on their behalf by: ## Alistair Tresidder ……………………………………………………….. Rev. Alistair Tresidder Date: 29th May 2022 Page 5 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD** I report to the trustees on my examination of the accounts of St Luke's Church Hampstead ('the charity') for the year ended 31 December 2021 on pages 6 to 10 following. ## **Responsibilities 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 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 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. Ajay Rajani Ajay Rajani FCIE Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date: 9th June 2022 Page 5 PAROCHIAL CHURCH COUNCIL OF 5T LUKE'5 CHURCH HAMPSTEAD RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Unresiricied Funds Fund5 2021 2020 Note5 Income rereipts Voluntary receipts 108,671 64,115 30,491 139,162 64,115 115,611 39,198 1,192 3,201 Investment income Other Income 2,305 2,305 Torol recelpts 175,101 30,491 205,591 159.202 Payments Clergy and staffing c05t5 Church running c05t5 Major repair5 M155ion giving and donations 41,661 97,675 14,610 7,620 4,833 1,660 46,495 99,335 L4,610 17,049 89,291 107,459 9,429 14,723 Tottslpayments 161,567 15,922 177,489 211,473 Net ol receipts I Ipaymentsl before transfer5 13,534 14.568 28,102 Transfers between funds Net movement in funds 13,534 14,568 28,102 Cash lund5 as at last year end 138,098 19.624 157,722 209,993 Cash funds at thts year end 151,632 34,192 185,824 157.722 The notes on pages 8-10 form part of these accounts. Page 6 ## **PAROCHIAL CHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **AS AT 31 DECEMBER 2021** |**A Cash funds**
Cash at bank with immediate access
Notice deposits
Manse sinking fund
**B Other monetary assets**
Gift aid due to charity
Grants
Hall hire
Utilities and insurance recoverable
from St Luke's School
**C**
**Liabilities**
**Falling due within one year**
Other creditors
**D Assets retained for charity's own use**
Fixtures, fittings and equipment|Unrestricted
funds
£
58,040
75,000
18,592
**151,632**
18,522
-
4,736
6,528
**29,786**
9,173
**9,173**|Restricted
funds
£
34,192
-
-
**34,192**
3,282
8,000
-
-
**11,282**
-
**-**|2021
£
92,232
75,000
18,592
**185,824**
21,804
8,000
4,736
6,528
**41,068**
9,173
**9,173**
Fund to
which asset
belongs
Unrestricted|2020
£| |---|---|---|---|---| |||||36,655
100,019
21,047| |||||**157,722**| |||||19,899
-
2,175
7,335| |||||**29,409**| |||||1,550| |||||**1,550**| |||||Current
value
£| |||||1,394| Fixtures, fittings and equipment have been included at their depreciated cost as an approximation for their market values at the year end. The PCC also beneficially owns a manse. Legal title to the property rests with the Diocese (the custodian trustee) whose approval is required for any proposed sale. The manse is an unrestricted asset. The accounts were approved by the trustees and signed on their behalf by Alistair Tresidder date 29th May 2022 -------------------------------------------------------Rev. Alistair Tresidder The notes on pages 8-10 form part of these accounts. Page 7 PAROCHIALCHUACH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2021 l Accounting policies The accounts ha￿ been prepared on a ret￿p1S and payments basi5 and comprise a staiement Ihat shows thè chbrity's rÈteip15 payments, a ststemertc that Summarises the charity's assets and liabilities and related notes. The actountancy profession have determined payment5 aCCOUn15 have not land cannot) be prepared in 3CCDrthance with accounting 5tandard5. these accounts do not present land are Unre51ricted funds are funds which are available for use at the discretion of Ihe PCC in furtherance ol the 8ener31 objectives ol ihe ch3fily. Restri¢ied funds are donations whi¢h are to be used in 8¢cordance With specific resrrictions ifflPD5ed by dooor5.' they include donaiions received from appeals lor speufi¢aclivi¢ies o< projects. funds Fund5 2021 2020 2 al VoluntaryincornE Donations received- Gift Aided Other donations Gift hid recgvEred 86.911 8.030 13.730 108.671 13.322 ICM).233 19.030 19,899 119,162 76.660 21.529 17.422 6,169 30,491 Fees forweddings and funerals In¢ome Irom Parish Event5 Rènt from St Luke'5 S(hool LetLings forcommuniry use 1.391 1.375 25.043 36.31 64.115 1,391 1.375 25.043 36.306 64.115 220 1.387 25,043 12,548 39.198 cl Investment incorne 1,192 1,192 dl Other Income Sundry Income 2,305 2.305 2.305 2,305 3.201 3,201 Pa￿8 PAROCHIALeHURCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Total 2021 Toral 2020 funds Funds Clergyand 5t6tt costs 39.￿0 31.823 7,581 5.109 30,7$7 4.833 35.6 Cost ol accommodation providedtochurih workers Runnjng ¢osts for ¢ler8y accommodation Expenses Incurred in furtherance of dutie5'. 3.668 3.668 3.228 3.998 41.6SI 3.228 3.998 46,495 3.747 staff 4.833 89,291 should be llDted that some ol ihe contribution to ihe Comrnon Iynd15ee below) 45 Used io help pay ihe stipend. During 2020 $1 Luke5 employed a ¢uraie. Tom Pountain. and the recharge of clergy stipend wa5 a direct contribution iOward5 his employment costs. Alistair Tressidder land in 2020 Toffl Pounlainl were pi¢vidèd with accommodation (which is Culiomary lor clÈr8yl and the tost DI this and these costs are a150 disclosed ID the above noie. Church Tunning costs Common fund Mèinten3n¢e 85.2CI) 1.359 60 85,200 1.359 1.720 85.200 2.491 2.275 5,029 652 1.660 Parish events 1,602 1.393 1.348 1.440 599 1,602 1.393 1,348 1,440 599 l.S63 1,410 469 Independeni ex3rnination fee Telecommunjcaiions 4,67S 97,675 4,675 99,335 8,369 107.459 1,660 Major repairs MaiDr repairs to church property 14.610 14,610 Mission givtngand donations Home and oversea5 mission 6,240 1.380 7.620 6.240 10.81 17,049 11.290 3.433 14.723 9.429 9,429 4 Tran5action5 Wlth iel8ted partiÈS siall costs lsee note 31311 Include gross pay and expenses of £9,90012020.. £9.240110 S Tretsider (who is connected to a PCC member) for workingas the church's womens, worker. 5 St Luke's Church of England School S¢ Lukè's Church of England School was e51iblished by member5 Of the church and the PCC has the Power to appoint some of its governors. Durine the vear the School pa￿ reni of £25,04312020'. £25,043) to the Pccfor the u5È of thurch properly Isee note 2lbll. Page 9 PAROCHIALCHVRCH COUNCIL OF ST LUKE'S CHURCH HAMPSTEAD NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 DECEMBER 2021 6 Movèmènt on rÈstriCtod funds at 31.12.20 Payments Mission fund Cur31e Fund Apprentice Fund Equipment fund Amazing Grate tr3ining fund 344 2W 2.760 io.( 544 2.760 5,167 464 22,500 391 2.366 34.192 4.833 464 17.500 2,051 10,480 30,491 H3rc15hip fund 1,316 19.624 9,429 15.922 yÈarÈnd will bÈ used in 2022 oncè a curate has been appointed. Pa9$ 10