ST. LUKE'S OSENEY CRESCENT PCC Report and Accounts year ended 31 December 2020 stewardship" 1 Lamb'sPassage LONDON EC1Y 8AB 1.. 020& 502 56fXI e.. wreS@s18¥thp.wg.Uk w". vthw.sknardshy org uk
IUKVS OSENEYCRESCENT PCC FCIITHEYEAR ENDED 31 DECEPABER ZOIO ¢FR[ly INFORMATION Member5 01 the Parothial Churth C4WMII Incufflbefit and thairman= The Revefend March C[ch warden.. uk¥en Philpot Ire5igrd 22 Nomber 20201 8ethèn Sad1 lappoinied 22 No¥ember 20201 d Waikinsty) TTea5urer'. RSell Parsons OthÈr members: Simefyi c3se lapwmnted 22 November 20201 Kaisen Cheung Ireele¢ted 22 NOrnr 20201 Oawd Cwke lapwnted 22 November 20201 Simon Cwrt Ira twne Petef EfiS Mandy Frani Iresi8ned 22 Nomber 20201 Janre Gitten5 Ire5i8ned 22 November 20201 El Gordon {reswd 22 Novomber 20201 NKo Adeney Jones13pw)inted 22 November 2020 Jasmkne (appointed 22 No¥embei 20201 Luty Parker (resed 22 fiovember 20201 Rupe5h Patsi Christ0pr Philwt Bethan Sadlei (resne 22 November 20201 JenrtyWye13pyxnted 22 NLv¥ember 20201 Chartty ReBlstratlon NurnbEr 1145026 Prfndpal Addr St. Luke's Parsh Office 7 DoylneyCb)se NW5 28P IDdeperbdent Examiner Ajay Raiani FCIE Stewafdthp l Lamb's Passa8e Londc•) ECIYBA8 Bankers HSBC LIK Bank pk Pase Charity Information Annual RÈW>rt ofthÈ Membetsofthe ParKh"althurch Count Independent Examiner'5 Rep Statementof Fir071 ActIwtS BakrKe Sheet Motes to the Accwnts Detèiled Statemenl of FinanaalActpths CthnparatNes 9-17 18 Pa98 1
ST WKES OSENEY CRESCENT PCC ANNUAL REPQRTOF THE MEMBERS OF ThE PAROCIIIAL CHURai COUNCIL FOR THE YEAR ENDED 31 OECEM8ER 2020 The Members of the PaTochial Chvrch CourKil IPCC) have pasure in presenting their report together with the financial siaiements for the yearendeil 31 DecembeT 2020. Oblects of tht Crity The charity is responsible for co-ope¥ating with the IncumbenL In pronM)ting in the ecclesiostical parish, the whole mission of the Church be it pastoral. evangelistic. %Kial or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish. name the ¢hurch building at 05eney Crescent and the vicarage. Vlsitin The Vision at St Luke's is to be centd0 Jesus. trnnsfoTmingcofflmuThities. one life at a time. Summary of the charl5 main actitIeS and athie¥ements We are. first and foremosL extremety grateful io God for His contyfiued faithfulne55 aThd ble55ings to us in 2020 3mid5t the numerous dlfflculties and challenges arising from the COVID-19 pandemic. Our plans at the 5tsrt 01 the year were punchy. with a punchy btrdget needed to make them realty. The pandemic broht total upheav31 ol all our usual artwitie5 and budget. and signifKant uncertainty fw our financial futu. However, at the end of the year, we can Stand and say that God has been faithful. provlding for our needs and brinBing new life out of the tumults of the year. ThrO&ht ihe difficult tITCurytsCe5 of 2020. people have been so generous with thelr tlme. money and relationships. We a so Rrateful io everyone who continued to give to St Luke's.. whether time or money, whether ¥egular attendees of our 8atherinRS orfriends frorn lurther ofbeld. Thank you. We take very seriously the stewardship of our financial resource5. Because of God's laithfulThess. the generosity ol all those who gtve and the careful stewardship of our fund% Sor of the thin85 we have been able to do this year are as follows.. The worshipping and community lrfe of the church ha5 continued to thrNe. e¥en Into the first lockdown when we shifted our ministries online ovemighl. ThroL¥h the rapi¢J atlaptation to live broadcasting by staff and volunteers and the support of the ¢ongTegation. we have succe55fulfy 5treamed'Church at Home, worshtp services on Sundays throughout 2020. In addition. in an effort to increase personal conThertion OTh Sundays and to provide stablllty in a changing landscape. in the auturnn we Set up Sunday Cells- small groups of 6-10 meeting OTh SuTrdays over zoom to worshSp. pray. discuss and minister to each othef using the pie-recorded Sunday content. In response to the first fockthjwn. we 9k set up a volunteer communty supwrt network to ensure thai tho facin8 added challenges due the pandemic were being cared for. In this way our Ihurch supported over 100 individuals and families through delivering grocer$. phone calls. prayer. tech assistance, walks, lettei writin& baking and rnore. We establlshed a new weekly routine of praying together on Z¢)om as another point of connection in the week. and these Prayer Beacons were attefided faithful ihroL¥h the yea¥_ We also started a new initiative called Holy Spirit Hour- a monthly worship gatherin8 to pitsvide a space for anyone who wanted an hour to worship. pray and listen to God with others. • We ran pha ctsur5e5 for those inteie5ted in exploring Christianrty for almost the whole year. at tlmes with new courses starting every few weeks. Many people who carr* on these courses were then plvBged into a Svnday Cell and became a part of OUT church. Pag8 2
ST LUKE5 1)5ENEY cRE5T PCC ANNUAL REPORT OF THE MEMBÉRSOF THE PAROCHIAL OIUROI COUNCIL CONTNUED Summary ol the charity's main tileS and achle¥ements Contied Hubs. our midweek small gTOUPS, a vital point of coTrnectbon. discipkship and support foi 50 manv throughoul the initial rtages of the pandemic. These were replaced by StsThday Cells in the auturnn. We provded bespoke online content for oui Ihildren & families- 'Little Luke's Online. io provide support lor their faith whilst facing the challenges of life and learnlng at home. We ran a Parenting for Faith c(yJrse to provide tLK115 for pa¥ent5 111 Iiurturing their children's walkstth Jesv5. In the autumn we established the'st Luke'5 WeeV- a weekly rhythm of KUlar actr(S to help people engage wth their own walk with Jesu5 in way5 that they found helpful. A particular success ITr this was'Dig Deeperf. a Iwe conversation each week betvEell the vitar and a theokjgian. 801Tr8 deeper into the bible passage covered on Sund8y. For Christmas we delivered (kizens of psents and Chri#mas meals to vulnerable members of our community, and held our first open-air Caiols on ihe Cefftt seThfice on the street outside the church. Chrstmas 5ervice5 were a moment of light and joy in what was a dark and diffkvlt winter. ¥ Finalty, we wekomed Natasha Beckles a new Curate. lo our staff team in the 5umrTEr. For a more comprehensNe outjine of oui attmues, pase do our 2020 Annual Repor¢ available on our web51te or on request. A5 we l(M)k ahead to 2021 and a new future for our church. a full of anticipatiN for what God has planned us and how he wants to use us io reach out with His l(ft4e. Thank you $0 much agaln toeveryoTre who enables us to do what we dol The Trustee5 have cornplied wtth the duty io ha due regard to the public benefit 8uidan£e published by the Charity Cornmi55i0n. strucre Governance and Management The charity 15 registered with the Chartty Comrnission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils IPowersl Measure 1956 las amendedl and the Church Representation RU5. The appointment of PCC members is governed by. and set OLrt in. the Church Rewesentatw)n Rules. The PCC comprises ex-officio members IwhKh includes cler8y and churchwarden51, Èlorted memrS and co-opted members. The PCC organise electn5 annually 1fO the Annual Parothial Church Meetlng IAPCMI to fill vacancies. The rnber5 of the PCC are the charity'strustees fof the purposes of charity law. Responsibil¢ty for setting policy and for determining the parameters within which the charity should operate rests th the PCC who meet regulaTty to rTh)nitor the artNities of the charity. ResnbilIty the day to day operation of the chaTity has been degated to a management team led by the incumbefit. With regard to the PCC'S obligation5 to safeguard (hildn and vulnerable adL*lts. the meMr$ ol the PCC confirm that they have complied with their LIut5 under settion 5 of the Sèfeguarding and Clergy Discipline Measure 2016. Page 3
ST WKES OSENEY cREENT PCC ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHVRQf COUNCIL CONTNUED Flnan(ial review Durin8 the year incorne increased by £27.445. to £463,540.- Ihis was largely due io increases In giving from church metnber5 who have 50wn generously into the work of the PCQ Expenditure fell by £75.986 to É386.486., this was largely due to a reduction in expenditure on rna1 Tepai¥s and improvements to church property 1£72,3661. a eeneral reduction in expenditvre attributoble principally to the outbreak of COVID-191£38.6431 but these savings were offset. in part. by an increase in employment costs1£35,0231. A5 a result. this year the PCC has reported surplus 01 £77,05412019.' a def1t of £26,377). The PCC'S rbet a55ets have increased by £77.054 to £278,732., this Includes net current assetsof É270.781. of whith £267.854 is UTh$trted. In the previous year the statu5 of St Luke's was changed from belng part Common fijnd and part Local Supported Minister to being lully on the Commn Fund. This year the PCC paid the full Parish Standard Cost. which was £86,200. Reserves pollcy The PCC recognises rhe need to hold free SeThe5 $0 that the PCC can protect its core activilies should there be shortfalls in income and to promote balanced rateg plannin8. The t¥vslees deline free reserves a5 being unrestricted and undesi8nated net current assets. The trusrees aim io hold reserves equal to no less tharb three rry)nths' projected operating expenses excluding grants made. which equates to appr0xlrnale £95.000. At the year end free reserves amounted to £161,319 and the PCC is holding more than the stated minimum. The PCC expect5 to Use some of the ex£e55 in 2021 to further It's vlslon. Kty risks and uncertainties The charity is exposed to various risks- be they okratK)nal. financial or rÈpulational. The PCC vIeW the charity's actniities regulady to identify and monitor Swdnificant risks and. where p0sbIe. they lake appropriate measures to mitigate those risk5. CovSd.19 In March 2020 the PCC took nEa5LITe5 lin line with governrnt advice and legislationl to help contain the nationwide tsutbreak ol COVID-19. Thi5 included the ternkK)rary suspension of all physical gatherings and the PCC had to curtail, or change. how it operated- the PCC wo5 able to continue many of its actNities usin8 on-line media. The PCC hès been rrK)nitorin8 income and expenditure and has taken aSure5 to mitl8ate the impact of COVID.19 on the PCC'S free reseThfes. t)vring 2020 some staff We put tsn fuTlough and St Luke's received governrnent funding for this. With the end of the fvrlough scheft approaching in (ktober. in September the PCC entered into staff restructuring process in which four roles We placerf at risk of redundancy. A consultation period took place in which staff and congregation members wefe able to pfovide feedback on the PCC'S restructursn8 proposal. When the extension to the furlough scheme was announced. the staff at risk wefe off@red an opwjrtunity to feturn on part-t1 furlough. but ultlmately Ehree siaff opted for voluntary dundan¢y. Afound this time one other staff member also moved on. The charity ended the year ihree eM0V. Quinquennial in$ptrtion The next quinquenni31 inspection is due in 2021 and. ore the results of the Inspettion have been recefved. the PCC wtll deci(le on the work that [e5 to vndertaken. P4
ST LUKE5 05ENEY cRE$T PCC
ANNUAL REPORTOF THE MEMBERS OF THE PAROOIIAL fJiuflCH COUNCIL CONTNUED
Plans forthe future
In the new financial year we will continue to exp how we can best serve nMberS ol the church and the ILKal
community during lockdown. We aTe a150 exploring how we can F*st pufsue our vision a5 we emerge frorn
lockdown. We also inlend to re
INDEPENOEP4T EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF 5T LUKE'5 OSENEY CRESCENT PCC I'the Charity'l I report to the membefs of the PCC (who are also the charity's trvsteesl on my examination ol the accounts of the Charity lor the year ended 31 December 2020 on pa8es 7 to 18 followin& which have been prepared on the basis ol the accounting policies set out on pa8es 9 ènd 10. Ilesponslbllltles and basls of report As members of the PCC you ale responsible for the preparation ol the accounts in accordance with the requirements of ihe Charities Aci 20111.the Act'l. I report in iespect of my examination of the Ch3riWs accounts c3rried out undei Section 145 of the Act and in carrying out my examination I have followed all the applicabSe Directions given by the Charity Commission under section 14515llbl of the ACL Independent examlnerfs statement Since the ChariWs gross Income exceeded £250.OW your examiner must be a member of a bo(ty listed in section 145 01 the 2011 Act. I confirm that l am qualified to undertake the examination because l am a Fellow ol the A5$0ciatson of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examinatbon 8NinB me cause to believe.. l. accounting rewrds were not kept in respert of the Charity as reqtsired by section 130 of the Act.. or 2. the accounts do not accord with those record5.' or 3. the accounts do not comply with the applicable requirements concemin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CI)8 other than any requirement that the accounts give a 'true and fair. view whith is not a rnatter considered as part of an independent examination. I have no concerns and have come across no othef matters in eonnection with the examination to which attention should be drawn in this report in ordei to enable a proper understanding of the account5 to be reached. Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship l Lamb's Passage London ECIY 8AB 23 August 2021 P*Jè 6
ST LUKE5 OSENEV OIESCENT PCC STATEMEpoF FINANaALAcnvmÉs FOR THE YEAR ENDED 31 DECEMBER 2020 Tal Funds 2020 Total Funds 2019 Llnrestricted Funds Restritted Funds Note INCOME AND ENDOWMEP4TS FROM: Donation5 and legacies Charitable activities Other tradin8 activities: Contract for placement of aerial Bank interest receivable 402.174 43.441 445.615 403,445 18.315 14.3 14.3C 16 14,3(K> 35 16 Total income and endowments 420.099 43.441 463.$40 436,095 EXPENDITURE ON: Charitable aufvilies: 343.016 43.470 386,486 462.472 Total expenditure 343.016 43.470 386.486 462.472 Net Income 77,083 1291 77.054 126,3771 Transfers between fund$ 13 moveN*nt in funds 77.083 1291 77.OS4 126.3771 Reconciliation of fvnds- Total funds brou8ht forward 198.722 2.956 201.678 228.055 Total funds cathed fOard 13 275.805 2.927 278.732 201.678 The staremenl of financial actiwties include5 all Bains and losses (nISed in ihe year. All income and expenditure derive fmm continving operations. The notes on page 9-18 forni part ofthe5e accounts. P&3e 7
ST LUKE'S OSENEY CRESCENr pcc BALANCE SHE AS AT 31 DECEMBER 2020 Total Funds 2020 Total Fvnds 2019 Unrestred Funds Restritted Funds Note FIXED ASSETS Tan8ible asset5 26.351 26,351 30.695 26.351 26.351 30,695 CURRENT ASSErs Debtors Cash at bank and in hand 10.740 266,891 10,740 269,818 34.518 143,685 2.927 277,631 2.927 280.558 178,203 CREDITORS.. Amounts falling due wlthln one year io 19,7771 19.7771 17,2201 Net current assets 267,854 2.927 270.781 170,983 Total assets less Current liabilitie5 294.205 2.927 297.132 201,678 CREDITORS- Amounts falltng due after more ihan one year li 118.4lC(II I,4(K)I TOTAL A55Ers 275,805 2.927 278.732 201,678 FUND BALANCES Unrestricted Funds General funds Designated funds Restflcted Fund5 13 161.319 114.486 161.319 114.486 2,927 126.392 72.330 2,956 2.927 275.805 2.927 278.732 201,678 The linancsal statements were approved by the members of the PaT(thial Church Council and were signed on its behalf bv.. Rwd Jon March Date The notes on page 9-18 forwn part of these accounts. PaJe 8
ST 05ENEY CRESCEiir pcc
NOTESTOTHE ACCOUIIWS
FOR THEYEAR ENOED 310ECEMBER 2020
ststutory lrtlorniatbon
The ParochK)I Church Councsl of St Luke5 05enEy CrexEni ts a thaiity re8iStered in £nand & Wales. The charity's re8lstered
numberand principal adoSrÈ55 can be lound the InforMatn page.
ActounUn8 Pollcle5
These financial statements a wep3red a eoin8crtntern ba5. Trder the hi5ttiital cost converfk)n. The financial 5tatement5
include all actwifies foi whKh the PCC 15 12galty re5wnsible.' the artmties of infom1 8athefMigs ol chwch members ènd 8rotyps
that Owe their main aftiliation to another iKNly and ale excluded.
These financial st3tements have been prEpared in accordare ¥bith The Ihurch Accourrtint R£gthations ZQ)6. the 'Statement of
Recommended Pra¢ti¢e= A¢couniin8 and Reporti by Charit5 prtp•rin8 attounis in accordance wilh the Financ1
Reporting Standard applKabk in the UK and Republ of Ir¢Thd IFRS 1021, 1.the Charit5 Softfl, with the Fina111 Reportin8
Standard appli
ST LI)MES OSEFIEY CAESCENTPCC F•JTESTOIHEAccixIFirs FI)R THE YEAR ENDE031 CCEMbER 2020 nditure£ontin Contribut10Tr5 in respect ol the de$art parish share ate irfludeLI in the Ststement of financial A(tMtie5 for all arnounts agreed io beiF)g p•y3ble for the year. VrOtrib)n5 that ha¥t r•OI been Pa ¢)¥er year ats ittcluded as a treditor. The charity makes 8rantS LO Olkn iristit)Ns and indrrfidua15 to further it5 oWtP4es. Grants payable are recognised 5 constructNe obligation5 arise. which is eeneralty v4hen the ¢harity Expre55e5 a commitment lo the reCipnt that can be measured reliawy and the to the ethni that any conditwjns aSl•led with the erant are ovtside of the control of the chariry. dl Fund accountin Gefieral funds are UreStrIe0 funds whKh are a¥adaWe for use at the dwetion of ihe VCC furtherance of the general Objecte$ of ¢he charity. Designated lund5 CLwrise unresiricted fvhds that have beery set asKle by the PCC for particukr purposes. Restrted funds are donat05 which are to be used in acCOrdar with speclfK re#rktions Impo by donor5,' they include donations recewed from aP31$fO1 proiEct5. ible fixed as5etS con5ecTr¢ and beneficed prortY is not included ITh ihese financ1 slate1$ wrtue of S.12) of thp Clarities Aci 2011. All expenditure oh consttrated or beneficed btrildings written olf in the ffar in whh il is incurred_ MOv•t churth furnishinB5 held by the incthnbent and (hr¢hWardenS on swial trust fof thE PCC and whKh require a faculty lor dlsposal ale c3Pbtallsed in attoidarKe with the PDIKY Set oth below. These items are rÈgarded as inalAable pro¢erty are Ited In the chuich's in¥eniory which Can t inscted at any feasonable time. Inalienable property atqulred wlor 10 2rD) has not been tapitali5ed as there is insuffxnI cost infoimaiioti av•Lable. Items purchased or donaied for charitys vse are <ap¥tali5ed when the c05t of purchased items. or the fair value of don3red items. is thars £l.(iX) and ihe item is expeaed to benefit ihe tharlty over more thah one èCCOUDting period. tyepreciaihin ¢5 chaf8ed on a sir3i8ht line basis $0 as to write down Ihe value ol each asset to its e5tim31ed resklual ¥aluÈ Iir any) ovw itsexperted useful econombc lile. To ach this obietiwe Ihe fo&)winÈrate5 of tlatTr aretharged.. FvAiu<es, fittin8sand equ1pnnt Ihef 3 to Ioyears ThÈ carryin8 Values of tan81 ftted assets are lor imlm in periods event5 or changes in circumstances indal¢ that the ¢arryingvaluE may not be reco%vable. Leased asset5 Lease5 which do not ttan5fer substantialty all the rlss and iewards orowr$h1P to the charity are da55ified as operatin8 leases. Operatin8 lease payrfwis ale recogned a5an expense on a strahl-l1ne basi5 o¥er ihe ase iemi. rtsn ements The thafity operates defirted cOntributn pen5iDn xhemes lor it5 empkiyees. 018a110Th$ lor ¢oniributions to these schemes are ecognised a5 an expense when Ihe liability arw. The 355et5 ol these schemEs are hekl 5epJraiety Irom those of the charity in independentty administered fund The tharify has taken advantage ol the various velts Irom waiA)n available 10 tharits and tax is payable OD the charity'5 iTrtome. The charity's financial assets and finanrial lia"lit5 all qualrfy asbasit fmarrfl instruftnts. astkfined FR$102. CrÈditor$ and debtors are measured ai 1r expected SeitIenI a[e Inormally the amount of cash that the charhty expeas to pay reteryel. j) Exem tn from tashfl The charrty has takenadTrranta8e ofan exemptthtonfetweLI trythe (haritiE5SOftP and not yepared a c35h flow sraiemenl. s an¢J areas of-ud ement The members ol PCC do not ConseT that tfvere any materiil Sources ol estunaln w Uncertainty ai the balance sheet date that couw re5uh M a material adjusrmèni io ttrtarrykn8vèlQI assets Iktibilitie5 in the next reporting period. P42 10
sriuKfsosEiif (J(ESCENrKc FOR THEYEAA ÈIIDED31 DECEMOER 1020 20b) 2019 Donan5 ofca5h awj similar Grants re¢ewable Income tax recOrable Governffleat BWaDts.' Listed Places ol Worsh Grani Srn Job ftetentK Stheme 328,871 286.682 56,982 42,872 7,08Z 31.0S4 445,615 I6.)9 403.445 Incomo from crItable •ctIvI 2020 2019 Chur<h eveohts. tovtses and similar Lettin8ib fvrtherance ol£haritaE4e tht5 11.146 7,169 18,315 1,065 Ch•rltle expehdltu 2020 2019 Costs Incurred dIreCtty( clwjrth xtr¥iU Parish sharE Staff costs Oergy & Ordina accomwdaikN) costs Oer8y & stamexpenses Training costs Mission & mh)isirs Church events & h05pitality SunLltycosts Expense5 forOkleT Peop.$ Staff costs Other cos 86.2 107,881 3.028 1,628 1.248 10.385 8,498 2.33Z 73.%K) 75,937 3.430 5,777 4.684 17,766 23.918 7,462 42.765 1,366 265,331 39,686 B,14B 2.708 Cosis $uppgrt &admIStraI thurch olke expen5e5 Office rent & ser¥e charye Buildin8cleanin8 & small Tepairs Major builditsg regatrs aÈkl w))wo¥ements 13.220 13.249 LO.(1)4 35.999 7.051 7.227 2,S82 14.082 12,S40 16,910 108.365 7,230 7,073 2,526 3,968 2MO 1,320 176,894 Insurance Council tax Dekyeciaiion A(countS PTeparatK)n and examihatK)n orher prolessK+Thal lees 2,662 99.218 Grants payable Imte 5¢) 21.937 24.870 386.486 461472 In addi(ion to the fees payablE lor the K*eparatth Wmination of the actOUn ihe challty É1,027 12019: £L,07LI to StewaTdship lor payroll Fwreau ahd consultarKyseThice P•Je 11
ST LiIKfsoSEPIEyCPEEPlT PCC NOTESTOThEACCOUNTS FOR THE YEAR ENDED31 DECEMBER 2010 tharltable expen¢ntwe coniiN Grants payable Insti1)$ dNidua15 2020 Grnntsfor LIKand O¥EfseasThi55ion Granisto help po and marginalised yovTr8 peopk and chiklfen Gran15 forthe relielof povertv Grants to womote mental heatth 576 4,576 9,5S7 4,947 2.8S7 21.937 9557 4,755 192 2,857 3,625 18.312 In ihe previousyear ihe charity distribuiedgr3ntstota8£z4.81oas Idlm.. In5titutKin5 dividuals 2019 Granis lor UK and overseas missro Gtant5 to help poor and maf8inali5edywn8 peopfe al1k1[ Gran¢$ lor Ihe feliel of povttty 14,020 5.250 24,870 14.020 5.250 24.870 Thechariws pftncipal io in5ttiutvJns Comse. 2020 2019 Fusion Home for Good ds Club K3mpa13 Re50urce Uganda Tearfund XLP Other8fant5 indNidually k55 than £1,( 1.5Tr) 2,5 6.250 2,1(X) 8,750 3,750 5.250 1,770 18.312 24,870 Anatysls of $tsff ¢osts, ¢ostof key marb4emEni rsOnlI and reThJraVon ot menersofthe PCC 2020 2019 Gros5 wages and saiaiies Social secvrity Pension costs ConlrlbvtIls towafd5 appfentreship ia5.914 6,605 3.977 4,150 150.646 105.752 4.IlS 2,4C6 3,350 LIS.623 FollDwillg the outbTeak of COV11>19. PCC decHJed 10 luwkwth 5evewal members of staff. The PCC ieceived gra15 totallin £31.054 from ihe 8overntYnt'sJob Retention Scheme (see no 31 ro help the on.8DN Cost of ernOKthe5e staff. The net payroll cost. after deduciin8 ihese grants, is £119.592 12019.. £115.6231. In SepieTr&r the PCC voiÈd ro enter into a staff restrutture proce55 ionsultathin period wrf(h foul placed at risk of redun¢Janty. Over the next cOue of months ihe PCC responded to thangifg GovernttrJl plan5.. In(tkil the furlou8h scheme was goin8 to end. then the job Supwrt Scherne was offered, then the lurlou6h scheme was extended. UllimJiety the PCC olfered all affected 5t3fl the opwtuniiy to return on part- time Ivrt0gh, however, 3 opted forvolunt3ry redundanty. the othw Stsff fftEmbpr a150 ffloved OTr the autumn, and the chariry ended Ihe year with 3 The erage monthty nmtser of empknyees duiin8 year wa$ 6.7120L9.. 71. Most of the tharrty'sactwities are(arrd otst b¥Yoluntr> No staff recerrfed 5alarips at a rate olmore ihan £fA).m)peraDDum_ Paue 12
ST LUKES OSENEY CRESCEKr pcc IIOTES TOTHE ACCOUNTS FOR THE YEAR ENDEO 31 DECEMBER 2020 Thst ol key maThayment persomd remwér•tion ofmembers oFthÈ PCCcontlNd Rev'd J Mah Iwho is a (rtY memkn ol ihe PCCI e1¥e5 3 Stipend from the IhLKe5e and $0 he is not an employee.. some of the Parish Share p31d to l)iocese is usedto hdp fftEet the c05t olthis #ipend. Re¥d J March is provided wth Kcommodatio by the Diocese Iwhich 15 CUStomary for der8y). PCC not any expenditu in respt¢t of this ¥¢ommodation eithei the turrent or PreOU5veI lotherthanexpenditure that ha5 ten reinbuised bythe Th0se). tr40 member of the PCC. who are the chaiitys On key reced emrAoymeni benefr(s In either ihe current year or Ihe precedin8year. flxed assets Flxiures, httings and e4uipfirt Total 2020 Cosi At L January 2020 Additions 46.245 46.245 At 31 December 2020 46.245 46,245 A<cumulateiJ depre(kitn At l jartlry 2020 CharBe for Iheyear At 31 Oecemtrr2020 15.550 15,550 19.894 19,894 Net bookvalue Ai 31 Decembw 2020 26.351 26.351 Af 31 December 2019 30,695 30.695 8 Debtlys 2020 2019 Tax recoverable Othtrdebtors PPaYMentS and accrued incoffle 21,115 6,403 34,518 950 10.740 Cash •t Ba•karnl in Hand 2020 2019 Cash at bank 269,818 143.685 10 CredIt. Ilabllthsf•llIrfd4T[kn1 par 2020 2019 Trade creditors OthercreditN5 Acuua15 Loan from tXoce5e 4.431 3,991 349 9,777 7,220 13
STIUKES OSENEY CRE5CEpirpcc PIOTESTOTHE ACCOUNTS FOR ThEYEAR ENDED 31 DECEMBER 2020 li cwrtors: amoyttts f•llln¥due after more thanone yNr Z020 2019 Loan from Di¢Se IB,4 t18 theyear the PCC receNed an interest free, unsecured. loan olE20.IxKifmm ihe foteseol Lo•Klon (see alsv note 101. The teims olthe hian require the PCC io W'n makin8repayrneDts belore the end 012021,. the minimum Month fepaymEnt is £8. IZ penSn comrtments During the year emtherfs perb5K)n contrWI)n5 totalline É3.977120J9= £2.) YE payaWE to defird wntribution personal pensknn schemes. At the balance sheet date pen5ioD contribvth?ns iotsllin8 £34912019-. £3491 were 0. 13 Funds Dudngthe year the moveThents inthe tharty'5funds were asfolbws.. op1 Iwjnw balante res0r¢e$ X)20 LW¢Mn8 tesovrces Transfers in the year Closing balance 2020 2020 2020 2020 Desi9noteé F¥nds Church plantin8lund Équipment fvnd 28.335 31.135 26,351 14,3441 30.(O) 30,2LK) Chuich wviTh8 fvnd 13.YX) 116.5LK)I 27.(M)O 71330 116.5WI 58.656 114.486 6enerclUnreJthrtedFunds 126.392 420.( 1326.5161 (58.6561 161.319 Total Unrestrlcted FurKIs 19&722 420,099 1343,0161 275.805 RestrKted FLJ Spetial Offerin8S War Memorial St P¥n¢ias LaTrL15 Trust 8uildin8 repair and improveh Bursary 15 396 358 113881 530 396 14.IX•) 27.1)82 2.(01 114.(IxII 127.0821 2.()I 2.956 43.441 143,4701 2,927 AgwÉate of lunds 201.678 1386.4861 278.732 Duringthe yearthe PCC transferred.. 31 É63m) from vnrestiitted genetal fvnds to w4riou5 (Wted futhls Irrease the amounts set adE fof spe(ffic bl E4.344 liom the deswted eQuiwl lund to unrestrKted 8er*ial to refiert the carrv value of the PCCS fixed as5etsat the year-end. Pwe 14
5r LiIKES OSENEY CRESCEIIT PCC NOTESTOTHEACCOiINTS FOR THEYEAR EFIDED 31 OECEMBER ZOZO 13 Fund5 Analy515 off net assets byfuwj The assets and lialitIeS olthe ¥35 fU1$wre ès(olkn= unrestrted FuTrd5 General De5Wted fvnds funds Restricted funds 2020 Fi¥ed assets Debior5 Cash at bank and In hand Creditor5 due vmhin oneyear Crediiorsdue after0Yea{ 2A351 26.351 10.740 269,818 19.7771 118,4(M)I 10.740 178.756 19,7771 118.4(01 8&135 2.927 161.319 114,486 2,927 278,732 In the the m0mentS in the thaiity'sfvndsreès lolows.. OpeniDg baLance 2019 Its¢Omin8 resouice5 Out80ir re50urce5 Transfers in the year 2019 Cbjsing balance 2019 2019 2019 Designated Fuyjds Church Plant EquipmeDI fund Buildin8 gnkin8fund Church fund 19.535 32,410 28,335 30,695 2.253 129,6041 113.mll 146.7721 18,2LK) 11.3 99.749 19.353 72,330 Gener&lUnrestrtctedFuRdJ 113.154 340.a50 1310,1661 116,9461 126.392 rotal Unrestacted FUNJS 21LYJ3 34OJXI 1356.9381 2.407 198,722 Restri¢tedFunds Older People5 Proiett.. Fundin8 from City 8rid8e Tiusi Fundin8 from attendees at St Luke's 2&357 L579 29.936 2.925 128,3571 112.4601 140.8171 11.7701 10.881 10.881 Special OHefin85 War Memorial 2.560 396 396 2.ua Z24 15.5( 1140 St pan<rès Lands Trust Safe Haven Buildin8 repairand impfovement Commynity ovtreach I15.5) 12871 145,4LOI 11.7501 287 45.410 1.79) 15.152 95,74S 1105.5341 12,40?) 2.956 A8yegaie of funds 228.055 436.095 1462,4721 201.678 Page 15
STLUKfs OSENEY UiESCENT PCC
NOTES TOTHE ACCOUPITS
FOftTHE YEAR E140E0 31 OECEMBER 2010
13 FuDd5 COntlrvJEd
ADalys1501 net a55ets by fund
In the sxwousyear. the a55els and fbIlitS of ihevarkiusfund5 we3$fOoW$'.
e51tKted Funds
General
Oesignated
lund5
funds
Restricted
lund5
2019
fixed assets
30,695
34,518
143,685
17,2201
Debtois
Cash at bank and In harn4
17.f4)9
116,(X13
17.2201
I6,9
13.9531
41.635
126.392
72,330
2,956
201.678
noted
al The Churth plantlng fv1 represEnt m(leS set a5ideto prOme thwch an11n8 the Afi8li¢aTh church.
bl The Equipment fijnd represents ihe caftwng value of the chariws fNed asset5 and are not theOre a¥ailaNe to spend on
the charity's Otl.8Oing artivii
cl The 8ulldlni slnklne futhd represent Mtsn Set ade fw mapr repairs and imwtbyements church property., tse works
were undertaken duringthe year and ihe Ivnd has beefi used in itseDtirety.
dl The chh SIn0 furnl represents mney set aside for grant gin6 to Otr charrf¢ies and indryiduais to uJertake activities
undertaken ID furtherance of the church's on Charitable obietts. It antKlPated that mst. Il not 311. of these lunds will be
distfibvted In thetW fInala1 3.
Re5tncted
und5
al The Older Peopk5 ProJeci fund repiesents grants and donatWll5 receNed ty the charity help fund a projed that aim5 to
reduce loneliness and i501aliDn amonB51 der peop by organls•¥ •¢lrditiesaod events where older people of all f31lhs lor
no faithl
srLVKES OSEP4EYCRESCENTPCC PT0£AccoUlrs FOR T•IE YEAR ENDED 31 DECEMOEII 2020 15 Opernww ka5e IrKom The <hariiy ha5 Bfanted aft OWafin8 lÈase fu thE plac ot telecommvThKaNJns equipment on its church buildiTh& The mjnimum amounts recewable (until the next break ctsuse and norin8 the wential effect of fvtUTe rent re¥iew5 and any nforeseen eventsthat coukl result in eaty temii113tionl iTrre5pecLolthi5 leaseisas Folk)ws= 2020 2Q19 Incor lallin8due-. Within P¥ear eetweert one and fNeyears AfterfNe 14,3 57.2[ 2,383 73,883 14.X 57.X 16,683 88.183 16 Tran5acdons with reLryted pwlies During the year the ¢h3rlty receNed donations totalling É115.076 12019." £89.1291 liom rdated part5 lthich includes Thmbers of the PCC, anne c105ety connected 10 and aThyother membei olkry manasementl. rin8 the year lor. if latef. Iiom the date of thwr apwjintmeni a5 trU5tee51. the PCC enwloyn*ni beneflts totalin8 £4.807 12019.. £nillto Ind181$0Sety io menkn of ihe PCL Except for the reimtrwrsement of expense5 incurred w4hETr agent foi the charity. or crIed when UDdÈrtakirt8 ¢le¥gy and emrAoyment duties, no expenses were paid to It¥ INI members of ihe PCC. Except as disdosed th note 6'4nalysi5015taff costs.. thEre havetttTh rK) fftrtransactions relatsd parties durin8 theyear. P•3p 17