2021-12-31-accounts

				Pages
Trustees'	Annual Report			1-12
Report of	the Independent		Examiner	13
Statement	of Financial	Activities		14
Balance Sheet				15
Notes to the Financial		Statements		16-25

Independent	Examiner
M Koureas	FCCA, Hetherington and Co, 289Green Lanes, Palmers Green,		London N13
PCC Members
Those who	served as members ofthe PCC during the period or who were appointed			or resigned	since were as
follows:
Chair:		Rev. Matt Hogg (resigned 30August 2021)
Vice-Chair;		Andrew McArdle (appointed 16August 2021;	resigned 31December		2021)
Church Wardens:		Hazel Mann (appointed 18October 2020)
		Andrew McArdle (appointed 18October 2020; resigned 31December			2021)
PCC Secretary:		Bethany Sikes (appointed 21June 2021)
		Sophia Dedemadis*(appointed 18November	2019;resigned 21June		2021)
Treasurer:		Robert Pilcher (appointed 26 April 2021)
		Jacob Davies (appointed 14April 2019;resigned 26 April 2021)
Elected Members:		Jacob Davies (appointed April 2015;re-appointed 14April 2019)
		Kate Hogg (appointed April 2016;resigned 15March 2021)
		Natalie Davies (appointed 2 April 2017)
		Eleanor Norris (appointed 2 April 2017)
		Andrew McArdle (appointed 2 April 2017;resigned 31December 2021)
		Ashleigh Pearson (appointed 22 April 2018)
		Bethany Sikes (appointed 14April 2019)
		Rob Pilcher (appointed 14April 2019)
		Maya Laurent (appointed 14April 2019)
		Hazel Mann (appointed 14April 2019)
		Ayolola Eni-Olotu (appointed 18October 2020)
Deanery Synod Rep:		Isabelle McFadden (appointed 22 April 2018)
*non-voting

										2020
						General	Designated	Restricted	Total	Tota I
						Funds	Funds	Funds	Funds	Funds
				Notes		E	E	E	E	E
Income and endowments			from:
Voluntary Income				2.1		108,429		41,530	149,959	205,178
Activities for generating		funds		2.2		37,629			37,629	35,395
Income from investments				2.3		16			16
Church activities				2.4		1,606		180	1,786	1,357
Other income				2.5						4,681
Total Income						147,680		41,710	189,390	246,689
Expenditure on:
Church activities				3.1		145,740		56,239	201,979	226,232
Raising funds				3.2		12,480		97	12,577	19,103
Total expenditure						158,220		56,336	214,556	245,335
Net income / (expenditure)			for the year
and net movement	in funds			5		(10,540)		(14,626)	(25,166)	1,354
Transfer between	funds
Total funds brought	forward					56,124	20,384	64,939	141,447	140,093
Total funds carried	forward				E	45,584 f	20,384 E	50,313 E	116,281 E	141,447

			2021		2020
		Notes
FIXEDASSETS
Tangible fixed assets				2,748		4,038
CURRENT ASSETS
Debtors		8	7,710		19,506
Cash at bank and in hand			118,843		128,477
TOTAL CURRENT ASSETS			126,553		147,983
CREDITORS: Amounts	falling
due within one year		9	(13,020)		(10,574)
NET CURRENT ASSETS				113,533		137,409
TOTAL NETASSETS			E	116,281	E	141,447
REPRESENTED BY:
General Funds				45,584		56,124
Designated Funds		12		20,384		20,384
Restricted Funds		13		50,313		64,939
			E	116,281	E	141,447

2.	INCOME AND E	NDOWM	ENTS
					General		Designated	Restricted		Total		Total
					Funds		Funds	Funds		2021		2020
2.1	Voluntary Income
	Congregational	planned	giving		78,744					78,744		97,254
	Tax recoverable				16,588					16,588		21,412
	One-off giving				8,760			1,220		9,980		12,361
	Sunday offerings				737					737		1,228
	Grants				3,600			40,310		43,910		72,923
				E	108,429	E		41,530	E	149,959	E	205,178
2.2	Activities for Generating		Funds
	Letting of church facilities				37,629					37,629		35,395
				E	37,629	E			E	37,629	E	35,395
2.3	Income from Investments:
	UK Bank interest				16					16		78
				f	16				E	16	E	78
2.4	Income from Church activities
	Community work				271					271		553
	Alpha											26
	Sundry income				177			180		357
	Wedding and funeral fees				1,158					1,158		778
				E	1,606	E		180	E	1,786	E	1,357
2.5	Other Income
	Furlough income											4,681
											E	4,681

3.	EXPENDITURE			General		Designated		Restricted	Restricted		Total		Total
				Funds		Funds		Funds			2021		2020
				E		E		f			f		E
3.1	Church activities
	Giving (note 14)			21,436				1,692			23,128		39,481
	Diocesan parish share			26,600							26,600		39,900
	Human resources			63,220				36,336			99,556		104,730
	Campus costs:
	Campus costs - Church			16,288				12,894			29,182		20,391
	Campus costs —Vicarage			1,610							1,610		2,183
	Office costs			7,625					363		7,988		7,391
	Services			1,151							1,151		884
	Worship			1,092							1,092		1,059
	Prayer and prayer ministry
	CG's
	OPAF			49							49
	Men's and women's	ministry
	Children's work												23
	youth work							4,954			4,954		2,426
	Students			281							281		521
	Course costs			395							395		301
	Church life			166							166		78
	Media and PR			23							23		707
	Depreciation ofchurch equipment			1,290							1,290		1,584
	PCC Meeting and governance		costs	14							14		73
	Independent examiner fee			4,500							4,500		4,500
				145,740	E		E	56,239		E	201,979	E	226,232
3.2	Raising funds
	Campus costs —Hub			12,480	E		E		97	E	12,577	E	19,103

4.	STAFF	COSTS				2021		2020
						E		f
	Salaries (see note below)					84,621		90,443
	Social	security costs				3,819		4,247
	Pension costs					2,085		2,021
						90,525		96,711
	Other	HR costs (training,	recruitment,	clergy expenses etc.)		9,031		8,019
					E	99,556	E	104,730

NET (OUTGOING)/ INCO	MING RESOURCES
					2021		2020
					E		E
Net incoming/ (outgoing)	resources are stated after charging:
Independent examiner's	fee				4,500		4,500
Depreciation					1,290		1,584
TANGIBLE FIXEDASSETS
			Office		Computer
		fixtures, fittings			& musical
			gr equipment		equipment		Total
Cost			E		E		E
Opening balance 1January 2021			37,826		25,377		63,203
Additions in year
Disposals in year					(2,793)		(2,793)
Closing balance 31December 2021		E	37,826	E	22,584	E	60,410
Depreciation
Opening balance 1January 2021			34,162		25,003		59,165
Disposals					(2,793)		(2,793)
Charge for year			916		374		1,290
Closing balance 31December 2021		E	35,078	E	22,584	F	57,662
Net BookValue
At 31December 2021		6	2,748	E		E	2,748
At 31December 2020		E	3,664	E	374	E	4,038

FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS									2021		2020
Debt instruments measured		at	amortised		costs					7,221		18,570
FINANCIAL INSTRUMENTS										2021		2020
Carrying amount offinancial		liabilities
Measured at amortised	costs									11,439		8,445
DEBTORS										2021		2020
Taxation recoverable										4,859		16,057
Prepayments 8sundry	debtors									2,851		3,449
									E	7,710	E	19,506
CREDITORS: AMOUNTS	FALLING
DUE WITHIN ONE YEAR										2021		2020
Sundry creditors and accruals										13,020		10,574
									E	13,020	E	10,574
ANALYSIS OF NET ASSETS BYFUND
				General			Designated	Restricted		Total
				Funds			Funds	Funds		2021		2020
				E			E	E		E		E
Fixed assets					2,748					2,748		4,038
Current assets				55,856			20,384	50,313		126,553		147,983
Creditors				(13,020)						(13,020)		(10,574)
Fund balance			E	45,584		E	20,384	50,313	E	116,281	E	141,447

Designa	ted funds	are those funds which the Trustees	have set aside from general funds	to be used	towa	rds:
				2021		2020
Future	church planting.			20,384		20,384
Student	Ministry	gr Salary
			E	20,384	E	20,384

13.RESTRICTED FUNDS	13.RESTRICTED FUNDS			Funds						Funds
				Brought		Received		Funds		Carried
				Forward		in year		used		Forward
						E
Represented	by specific
contributions	towards:
Mission giving				809		1,400		1,692		517
Youth worker	salary			28,435		30,000		36,336		22,099
Future church	planting			6,250						6,250
Building works				17,845		8,000		12,894		12,951
Youth and community		work		11,600		2,310		5,414		8,496
			E	64,939	E	41,710	E	56,336	E	50,313

During the year, the Restricted funds:	PCC m	ade the following ext	ernal and charitable	giving from	Gener	al and
				2021		2020
To UK organisations:
Mission Partners:
London Diocesan Common		Fund		16,516		35,886
Other
Focus Bursaries				1,400
Collection forspecific purposes				1,692			868
Mission Partners				3,500		2,500
Clergy Discretionory	Fund			20			227
Total			E	23,128	E	39,481