St Mary’s Church Hornsey Rise
End of Year Financial Statements
Year ending 31[st] December 2021
Parish of St Mary’s Church, Hornsey Rise Vicar’s Report For The Year Ending 31[st] December 2021
Administrative Information
The Church of England parish of St Mary’s Hornsey Rise is part of the Deanery of Islington within the Episcopal Area of Stepney within the Diocese of London. The correspondence address is St Mary’s Vicarage, 3 Highcroft Road, London N19 3AQ. The PCC is a registered charity (No. 1150821).
Structure, Governance and Management
There is a Parochial Church Council (PCC) to govern the parish. The method of appointment of PCC members is set out in the church representation rules. All church attendees are encouraged to register on the electoral roll and stand for election to the PCC. There are 57 members on the church electoral roll (as at 31[st ] December 2020), an increase of 1 on the 2020 total. This increase though small reflects removal of those who have moved away, or died in 2020.
Objectives and Activities
St Mary’s PCC has responsibility of cooperating with the incumbent, the Reverend Tamsin Merchant, in promoting in the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Hall of St Mary. Ashley Road, London N19 3AD.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Mary’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship seek to put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
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Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
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Provision of pastoral care for people living in the parish.
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Missionary and outreach work.
To facilitate this work it is important that we maintain the fabric of the Church of St. Mary’s and the Church Hall. The members of St Mary’s PCC during the period 1 January – 31 December 2021 were:
Reverend Tamsin Merchant (Chair), Rev Rob Merchant, Jackie Barnes (Treasurer), Elaine Clarke (Churchwarden), Joanne James (Churchwarden), Poppy Pickard (Deanery Representative), Elected members of the PCC are: Gail Sylvester, Susan Mgbada, James Hodgkin, Suzy Lee, Cheryl Bennett Faithlyn Strong, Duncan Strong, June Scott, Yvonne Watson.
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6 meetings were held in the period January to December 2021: on
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Vision Casting work with Phil Green, and with the wider church of St Mary
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Love Your Neighbour: Partnership with Hive Foodbank, a change of Friday Night Takeaway to Cook Together, opening of Baby Boutique, support of isolated individuals with food parcels and phone calls.
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Agreement to host a Stepney Intern in the Autumn 2022
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Increase of St Mary’s Common Fund for 2022 to £70,000
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Installation of a new sound system and new chairs to complement the new AV System
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Decision not to restart Toddler Café & GAP, without new volunteers
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New Safeguarding Officer, Cheryl Bennett appointed. Discussions around safeguarding at every meeting.
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Congregation giving, continues to be held well, and hasn’t reduced.
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Income stream from St Peter’s Asset Fund stopped in October 2021 for at least 1 year due to substantial building works to be undertaken.
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Zoffany Street tenants moved out, and redecoration work was undertaken before new tenants moved in.
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A new garden project proposal, in collaboration with Hornsey Lane Estate Community Centre and Octopus Community Gardens. The TollyRise Happiness Garden – a name that brings together two Islington wards, and our commitment as a church to serve our community.
Financial Review & Reserves Policy
The PCC reviews the cash flow and financial situation of the church regularly.
Total receipts on unrestricted funds were £134,593 of which £60,093 came from unrestricted voluntary donations, ongoing activities and gift aid recovery. The Church Hall and house at 6, Zoffany Street continue to be let, providing a gross income of £41,459 (with Management fee and maintenance costs for Zoffany Street coming to £18,300) while St Mary’s share of the income from the former St Peter’s parish buildings amounted to £18,000, and this latter income will stop for at least 12 months due to substantial building work to the fabric of the converted flats.
Member giving through collections and standing orders was £30,000. Total income including grants was £238,912 compared with £273,401 in 2020: We had grants towards repairs to the roof of the hall and installation of solar panels and a storage battery. Funds for a new sound system, and 100 chairs, through individual givers, Cloudesley Charity and Islington Greener Energy Fund.
Other gifts for smaller items have come from the Local Councillors local initiative fund, who contributed to the Christmas Hampers.
Love Your Neighbour continues, we said goodbye to Tom Doherty who had been working with us, but Jo Davey continues to run our volunteer team and Cook Together. Funding for this came from numerous sources including the DCMS fund during covid through the national Love Your Neighbour initiative.
Major items of expenditure included St Mary’s contribution to the Diocesan Common Fund of £68,000 which supports the cost of a vicar and the work of the Church of England in London and beyond, and gifts to five Christian charities spreading the Gospel message by working for people in need around the world and in Islington.
Reserves Policy
The PCC is expected to establish and disclose its policy on reserves. Reserves are defined as that part of the PCC’s income that is freely available. This therefore excludes permanent or expendable endowment funds, restricted income funds, and any part of unrestricted funds which is not currently available for spending. The opinion of the PCC is that the reserves should be held at a level that will allow between one and two months’ contractual expenditure to be met at any time. This implies an uncommitted reserve of between £5,000 and £10,000. The church entered 2021 with uncommitted cash reserves (bank balances) of around £75,469 and ended 2021 with funds of £60,389.
Church income is such that income surpluses do not normally arise. In the event that such a circumstance does occur the PCC will consider the use of a surplus in the light of their overall financial position.
Approved by the PCC
Signed by
Revd Tamsin Merchant (Vicar)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARY’S CHURCH, HORNSEY RISE. N19
I report on the accounts for the year ended 31st December 2021 set out on pages two to six.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rev. David M Green FCA Gowers Limited Chartered Accountants The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ
28th June 2022
Page 1
St Mary's Church, Hornsey Rise N19 Statement of Financial Activities For the period from 01 January 2021 to 31 December 2021
| Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds Receipts Planned giving 25,674 — — — 25,674 23,254 Collections and other giving 3,498 — — — 3,498 14,873 Other voluntary receipts 6,996 20,423 54,619 — 82,038 135,851 Other trading activities 24,906 — — — 24,906 20,600 Gift Aid recovered 23,925 — — — 23,925 14,000 Investments 16,553 — 7 — 16,561 28,595 Other receipts 20,253 (8,500) (2,500) — 9,253 35,765 Receipts from church activities 863 — — — 863 460 Love Your Neighbour Project Receipts — — 52,191 — 52,191 — Total income 122,670 11,923 104,318 — 238,912 273,401 Payments Missionary and Charitable Giving 5,550 — — — 5,550 12,406 Parish Share 68,000 — — — 68,000 66,165 Clergy and Staffing costs 4,016 — 2,040 — 6,057 6,784 Church Running Expenses 21,354 3,364 9,593 — 34,312 39,685 Activities directly related to Church work 5,082 — 5,737 — 10,820 14,580 Hall Running Costs 5,510 304 — — 5,815 4,140 Church Repairs & Maintenance 3,316 — 37,953 — 41,269 1,440 Hall Repairs & Maintenance 1,440 144 — — 1,584 657 Zoffany St Costs & Charges 4,750 — — — 4,750 526 Zoffany St Repairs & Maintenance 13,549 — — — 13,549 4,320 Love Your Neighbour Project Expenses — — 56,044 — 56,044 — Total expenditure 132,571 3,813 111,368 — 247,753 150,708 Net income / (expenditure) resources before transfer (9,900) 8,110 (7,050) — (8,840) 122,692 Transfers Gross transfers between funds - in 39,840 11,313 20,357 — 71,511 4,924 Gross transfers between funds - out (31,123) (2,099) (38,288) — (71,511) (4,924) Net movement in funds (1,184) 17,324 (24,980) — (8,840) 122,692 Reconciliation of funds Total funds brought forward 40,553 833,300 74,838 — 948,692 825,999 Total funds carried forward 39,369 850,624 49,857 — 939,851 948,692 Represented by Unrestricted General fund 39,369 — — — 39,369 40,553 Designated Camps and Conferences — 1,050 — — 1,050 — Church Interior work — 0 — — 0 0 Dedicated gifts and donations — — — — — 1,630 GAP - Donations and eligible expenditures — — — — — (28) Hall Renovation (starting with Holloway donation) — 108,284 — — 108,284 89,743 INTERN - fund for interns to include grants — 3,335 — — 3,335 3,701 Love your Neighbour (food bank and FNT) — (298) — — (298) — Revaluation reserves — 39,929 — — 39,929 39,929 Property - Zoffany St — 698,324 — — 698,324 698,324 Restricted Chairs and Sounds (new chairs and sound system) — — 2,280 — 2,280 — Cloudesley Grant - AV system replacement — — 8,164 — 8,164 11,041 Cloudesley Initial Emergency Grant — — 520 — 520 520 Discretionary Fund — — (883) — (883) — Love your Neighbour (food bank and FNT) — — 26,655 — 26,655 37,546 RCC - Sliding Doors — — 7,984 — 7,984 7,984 Sustainability (for Islington) — — — — — 17,745 Tower — — 5,135 — 5,135 — |
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St Mary's Church, Hornsey Rise N19
Balance Sheet detailed
| As at | As at | ||
|---|---|---|---|
| 31/12/2021 | 31/12/2020 | ||
| Fixed assets | |||
| 6 Zoffany Street | 696,130 | 696,130 | |
| Link Building - endowment | 39,929 | 39,929 | |
| Solar Panels | 120,183 | 50,754 | |
| AV Equipment | 8,164 | 10,886 | |
| Total Fixed assets | 864,406 | 797,698 | |
| Current assets | |||
| CAF Current Account | 12,668 | 3,763 | |
| CAF Bank deposit account | 58,648 | 132,637 | |
| Cash in hand | — | — | |
| Accounts Receivable | 14,000 | 1,194 | |
| Gift Aid to be claimed | 10,777 | 14,000 | |
| Total Current assets | 96,094 | 151,594 | |
| Liabilities | |||
| Loans received | 20,000 | — | |
| Agency collections | 648 | — | |
| Accounts Payable | — | 600 | |
| Total Liabilities | 20,648 | 600 | |
| Net Asset surplus (deficit) | 939,851 | 948,692 | |
| Reserves | |||
| Excess / (deficit) to date | (8,841) | — | |
| Starting balances | 948,692 | 948,692 | |
| Gains/(losses) on investment assets | — | — | |
| Total Reserves | 939,851 | 948,692 | |
| Represented | by Funds | ||
| Unrestricted | 39,369 | 40,554 | |
| Designated | 850,625 | 833,300 | |
| Restricted | 49,857 | 74,838 | |
| Endowment | — | — | |
| Total | 939,851 | 948,692 | |
The financial statements were approved by the Parochial Church Council on 26[th] June 2022 and were signed on its behalf by:
Rev. Tamsin Merchant
St Mary's Church, Hornsey Rise N19
Analysis of income and expenditure
Selected period: 01 January 2021 to 31 December 2021
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| Receipts | ||||||
| Planned giving | ||||||
| 0101 - Gift Aid - Bank (Standing orders) | 16,961 | — | — | — | 16,961 | 16,100 |
| 0110 - Gift Aid - Envelopes | 306 | — | — | — | 306 | 483 |
| 0201 - Other planned giving (S.o. no | 8,406 | — | — | — | 8,406 | 6,671 |
| Gift Aid) | ||||||
| Planned giving Totals | 25,674 | — | — | — | 25,674 | 23,254 |
| Collections and other giving | ||||||
| 0301 - Loose plate collections | 2,771 | — | — | — | 2,771 | 934 |
| 0501 - One-off Gift Aid gifts | 540 | — | — | — | 540 | 10,634 |
| 0502 - One-off Member contributions | 186 | — | — | — | 186 | 3,305 |
| (no Gift Ai | ||||||
| Collections and other giving | 3,498 | — | — | — | 3,498 | 14,873 |
| Totals | ||||||
| Other voluntary receipts | ||||||
| 0410 - Giving through church boxes | — | — | — | — | — | 180 |
| 0550 - Donations appeals etc | 6,996 | 1,050 | 30,619 | — | 38,665 | 46,896 |
| 0701 - Legacies | — | — | 10,000 | — | 10,000 | — |
| 0801 - Recurring grants | — | 1,800 | — | — | 1,800 | 3,979 |
| 08A1 - Non-recurring one-off grants | — | 17,573 | 14,000 | — | 31,573 | 84,793 |
| Other voluntary receipts Totals | 6,996 | 20,423 | 54,619 | — | 82,038 | 135,851 |
| Other trading activities | ||||||
| 1240 - Church hall lettings - fund raising | 23,800 | — | — | — | 23,800 | 20,527 |
| 1241 - Montessori Utilities | 489 | — | — | — | 489 | — |
| 1242 - Church Hire | 617 | — | — | — | 617 | — |
| 1260 - Contributions to events e.g. | — | — | — | — | — | 72 |
| retreats | ||||||
| Other trading activities Totals | 24,906 | — | — | — | 24,906 | 20,600 |
| Gift Aid recovered | ||||||
| 0601 - Tax recoverable on Gift Aid | 20,845 | — | — | — | 20,845 | 14,000 |
| 0611 - GAYE | 3,080 | — | — | — | 3,080 | — |
| Gift Aid recovered Totals | 23,925 | — | — | — | 23,925 | 14,000 |
| Investments | ||||||
| 1020 - Bank and building society | 3 | — | 7 | — | 11 | 64 |
| interest | ||||||
| 1030 - Rent from lands or buildings (6 | 16,549 | — | — | — | 16,549 | 28,531 |
| Zoffany | ||||||
| Investments Totals | 16,553 | — | 7 | — | 16,561 | 28,595 |
| Other receipts | ||||||
| 0802 - St Peter's income distribution | 18,000 | — | — | — | 18,000 | 22,500 |
| 0901 - Other funds generated | 2,253 | (8,500) | (2,500) | — | (8,746) | 13,256 |
| 1253 - GAP - Gather And Play receipts | — | — | — | — | — | 8 |
| Other receipts Totals | 20,253 | (8,500) | (2,500) | — | 9,253 | 35,765 |
There may be minor discrepancies in the totals if the pence are not being shown
30 May 2022 Page 1
Total |
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|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | ||
| Receipts from church activities | |||||||
| 1101 - Fees to LDF for weddings and | — | — | — | — | — | 398 | |
| funerals | |||||||
| 1105 - Fees to PCC | 863 | — | — | — | 863 | (41) | |
| 1250 - Catering income | — | — | — | — | — | 103 | |
| Receipts from church activities | 863 | — | — | — | 863 | 460 | |
| Totals | |||||||
| Love Your Neighbour Project Receipts | |||||||
| 0555 - Donations for LYN Project | — | — | 6,900 | — | 6,900 | — | |
| 0556 - Donations for LYN Baby | — | — | 2,000 | — | 2,000 | — | |
| Boutique | |||||||
| 0802A - Grants recieved for LYN | — | — | 43,290 | — | 43,290 | — | |
| Love Your Neighbour Project | — | — | 52,191 | — | 52,191 | — | |
| Receipts Totals | |||||||
| Receipts Grand totals | 122,670 | 11,923 | 104,318 | — | 238,912 | 273,401 | |
| Payments | |||||||
| Missionary and Charitable Giving | |||||||
| 1801 - Giving to missionary societies | 5,550 | — | — | — | 5,550 | 7,775 | |
| 1850 - Home mission inc retreat | — | — | — | — | — | 235 | |
| 1855 - Community Projects | — | — | — | — | — | 4,396 | |
| Missionary and Charitable Giving | 5,550 | — | — | — | 5,550 | 12,406 | |
| Totals | |||||||
| Parish Share | |||||||
| 1901 - Fees transmitted to diocese | — | — | — | — | — | 1,165 | |
| 1910 - Diocese Common Fund | 68,000 | — | — | — | 68,000 | 65,000 | |
| Parish Share Totals | 68,000 | — | — | — | 68,000 | 66,165 | |
| Clergy and Staffing costs | |||||||
| 2001 - Assistant staff costs | 327 | — | 1,931 | — | 2,259 | 2,498 | |
| 2050 - Salary of parish administrator | 1,137 | — | — | — | 1,137 | 2,530 | |
| 2051 - Staff Pension | 218 | — | 109 | — | 328 | — | |
| 2101 - Working expenses of incumbent | 1,265 | — | — | — | 1,265 | 102 | |
| 2102 - Clergy travel costs | — | — | — | — | — | 30 | |
| 2130 - Parsonage house expenses | 261 | — | — | — | 261 | 597 | |
| 2140 - Water rates - vicarage | 702 | — | — | — | 702 | 335 | |
| 2150 - Vicar's telephone & internet | 92 | — | — | — | 92 | 688 | |
| 2370 - Visiting speakers / locums | 10 | — | — | — | 10 | — | |
| Clergy and Staffing costs Totals | 4,016 | — | 2,040 | — | 6,057 | 6,784 | |
| Church Running Expenses | |||||||
| 2301 - Church running - insurance | 5,182 | — | — | — | 5,182 | 7,624 | |
| 2302 - Bank Charges | 96 | — | — | — | 96 | 60 | |
| 2305 - Computer equipment | 549 | — | — | — | 549 | 4,209 | |
| 2310 - Church office - telephone | 891 | — | — | — | 891 | 199 | |
| 2315 - Printing, stationery and | 37 | — | — | — | 37 | 874 | |
| publications | |||||||
| 2320 - Music including sound | 1,279 | 3,066 | — | — | 4,345 | 1,811 | |
| equipment | |||||||
| 2330 - Church maintenance | 4,136 | — | 9,361 | — | 13,497 | 2,108 | |
| 2331 - Cleaning | 1,966 | 298 | 151 | — | 2,416 | 4,342 | |
| 2340 - Sunday service costs | 667 | — | — | — | 667 | 1,319 |
There may be minor discrepancies in the totals if the pence are not being shown
30 May 2022 Page 2
| Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |||
| 2341 - Christmas expenses | 142 | — | 50 | — | 192 | 545 | ||
| 2345 - Flowers | 95 | — | — | — | 95 | 82 | ||
| 2350 - Upkeep of churchyard | 38 | — | 29 | — | 68 | 1,016 | ||
| 2360 - Administration | 1,774 | — | — | — | 1,774 | 650 | ||
| 2401 - Church running - electric | 1,393 | — | — | — | 1,393 | 2,080 | ||
| 2410 - Church running - gas | 3,361 | — | — | — | 3,361 | 2,270 | ||
| 2420 - Church running - water | 163 | — | — | — | 163 | — | ||
| 2440 - Church running - heating and | 180 | — | — | — | 180 | 9,389 | ||
| lighting re | ||||||||
| 2601 - Governance costs | (600) | — | — | — | (600) | 1,100 | ||
| examination/audit fee | ||||||||
| 1730 - Costs of fetes & other events | 87 | — | — | — | 87 | 50 | ||
| 1860 - Youth and children's work | 387 | — | 883 | — | 1,270 | 506 | ||
| 1865 - GAP - Gather And Play | — | — | — | — | — | 115 | ||
| expenditure | ||||||||
| 2052 - HMRC NI Payments | — | — | 1,810 | — | 1,810 | — | ||
| 2170 - Children's and Adult Education | 145 | — | 189 | — | 335 | 249 | ||
| 2201 - Parish training inc. lay and | 1,651 | — | 132 | — | 1,783 | 3,269 | ||
| mission | ||||||||
| 2365 - Bookkeeping | 1,874 | — | — | — | 1,874 | — | ||
| 2380 - Catering and social events | 379 | — | — | — | 379 | 4,998 | ||
| 2602 - Fixed Asset Depreciation | — | — | 2,721 | — | 2,721 | 5,392 | ||
| 3001 - Unidenified Expenses | 556 | — | — | — | 556 | — | ||
| Church Running Expenses | 26,437 | 3,364 | 15,330 | — | 45,132 | 54,266 | ||
| Totals | ||||||||
| Hall Running Costs | ||||||||
| 2530 - Hall running - electricity | 1,437 | — | — | — | 1,437 | 1,053 | ||
| 2540 - Hall running - gas | 2,420 | — | — | — | 2,420 | 1,849 | ||
| 2560 - Hall running - maintenance | 1,497 | 304 | — | — | 1,802 | 411 | ||
| 2580 - Hall running - water | 155 | — | — | — | 155 | — | ||
| 2590 - Hall running - heating and | — | — | — | — | — | 826 | ||
| lighting Repa | ||||||||
| Hall Running Costs Totals | 5,510 | 304 | — | — | 5,815 | 4,140 | ||
| Church Repairs & Maintenance | ||||||||
| 2710 - Church major repairs - | 3,316 | — | 37,953 | — | 41,269 | 1,440 | ||
| installation | ||||||||
| Church Repairs & Maintenance | 3,316 | — | 37,953 | — | 41,269 | 1,440 | ||
| Totals | ||||||||
| Hall Repairs & Maintenance | ||||||||
| 2820 - Hall + major repairs - installation | 1,440 | 144 | — | — | 1,584 | 576 | ||
| 2840 - Other PCC property upkeep | — | — | — | — | — | 81 | ||
| Hall Repairs & Maintenance | 1,440 | 144 | — | — | 1,584 | 657 | ||
| Totals | ||||||||
| Zoffany St Costs & Charges | ||||||||
| 2910 - curate house running costs | 4,750 | — | — | — | 4,750 | 526 | ||
| (Zoffany Stre | ||||||||
| 2915 - Zoffany St maintenance | 13,549 | — | — | — | 13,549 | 4,320 | ||
| Zoffany St Costs & Charges | 18,299 | — | — | — | 18,299 | 4,847 | ||
| Totals |
There may be minor discrepancies in the totals if the pence are not being shown
30 May 2022 Page 3
Total Unrestricted Designated Restricted Endowment This year Last year
| Love Your Neighbour Project Expenses | Love Your Neighbour Project Expenses | |||||
|---|---|---|---|---|---|---|
| 2210 - LYN Food expenses | — | — | 20,361 | — | 20,361 | — |
| 2211 - LYN Equipment | — | — | 1,644 | — | 1,644 | — |
| 2212 - LYN Consumables | — | — | 3,246 | — | 3,246 | — |
| 2213 - LYN Manager | — | — | 12,117 | — | 12,117 | — |
| 2214 - LYN Volunteer Co-ordinator | — | — | 5,512 | — | 5,512 | — |
| 2215 - LYN Cleaner | — | — | 3,996 | — | 3,996 | — |
| 2216 - LYN Utilites | — | — | 192 | — | 192 | — |
| 2217 - LYN Grants to other | — | — | 925 | — | 925 | — |
| Organisations | ||||||
| 2218 - LYN Staff Pension/HMRC | — | — | 4,964 | — | 4,964 | — |
| 2219 - LYN Baby Boutique | — | — | 999 | — | 999 | — |
| 2220 - LYN Christmas Hampers | — | — | 2,085 | — | 2,085 | — |
| Love Your Neighbour Project | — | — | 56,044 | — | 56,044 | — |
| Expenses Totals | ||||||
| Payments Grand totals | 132,571 | 3,813 | 111,368 | — | 247,753 | 150,708 |
NOTE ON THE FINANCIAL STATEMENTS
Loan
During the year the parish received a loan of £20,000 from the Diocese of London. The loan is interest free and is repayable in 25 instalments of £800, commencing on the anniversary of the loan’s first drawdown. The loan monies were received in March 2021.
There may be minor discrepancies in the totals if the pence are not being shown
30 May 2022 Page 3