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|||||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|
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|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||||||
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|||||||||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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||
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