Grace Church Highlands CIO
Annual Report and Financial Statements
Year ended 31 December 2020
GRACE
CHURCH
HIGHLANDS

GRACE CHURCH HIGHLANDS CIO
ANNUAL REPORT OF THE TRUSTEES
Reference and admlnlstratlve details
Grace Church Highlands CIO is a Charitable Incorporated Organisation registered with the Charlty
Commission, which regulates charitsble organisations in England and Wales. It was formed on 11
July 2013 and is registered under Charity No. 1152828. Its registered and principal office is at 2 Flrs
Lane, Wlnchmore Hill, London N212HU.
Thls report covers activities during the 12 months from l January to 31 December 2020. The
Trustees of Grace Church Highlands CIO who served during the year were:
Revd Jonathan Bell (Mlnister & Chairl
Jeff Hammer (Church Wardenl- reappointed 12 October 2020
Elaine Kelman Ichurch Wardenl- resigned 12 October 2020
Tim Catt (Church Wardenl- appolnted 18 Ortober 2020
Paul Stockton (Treasurerl
Andy Kelman- ￿SIgned 18 Ortober 2020
Kate Douglas
Paul Mason
Sheamal Samarasekera
Elena Bennett (Secretary)
Hilary Nicholls- appolnted 12 October 2020
Strurture. governance and management
Grace Church Hlghlands CIO operates under a Constitutlon which sets out how It Is governed and
manoged. Decisions concerning the operation of the CIO are made by the trustees, who usually
meet monthly as Grace Church Council. Apart from the Minister, who is an 'ex officio. trustee. other
trustees have terms of appointment of up to four years.
Up to four trustees in total can be nominated by members of the con8re8ation of Grace Church
Highlands. The aim is to appoint one trustee a year through this method. with the appointment
agreed at the Annual Church Meeting. If unexpected vacancies arise, more than one appolntment
may be sought. Other trustees are appointed by the existin8 Board of Trustees Ichurch Council}.
The aim is that there should normally be 9 trustees in total, although the constitution allows for
maximum of 12 trustees and a minimum of 3.
New trustees are provlded with a copy of the Constltutlon. a copy of the Bishop's Mission Order
relating to the Grace Church Highlands Mission Initiative, and with copies of Charity Commlsslon
8uidance settin8 Out the responsibilities of CIO trustees.
In the management of the CIO the trustees seek to adhere to chartty best practice. This include5
establishing robust procedures for dealing with any conflicts of interest that may arise, for the
payment of expenses of clergy and others, and for the provlslon of accommodatlon for the use of
the Minister that is fit for purpose. It also includes wfFtten policies both to ensure the health and
safety of those involved in the actiwties of the church, and to safe8uard the welfare of children.
young people and vulnerable adults receiving care as well as those working or coming into contact
with them.

Objectives, actlvltles and achievements
Grace Church Highlands was originally Set up in 2007 a5 a church plant seeded from Christ Church
Cockfosters. It is primarily. but not exclusively, a Mission Initiatlve under a Blshop's Mission Order in
the Diocese of London. On 11 Jury 2013 it was established as a Charitable Incorporated Organisation
independent of Christ Church Cockfosters although it still maintains close links with this church and
Its Parothlal Church Councll.
Grace Church Hlghlands CIO ha5 a Constitutbon whlch sets out Its charltsble objectives and which
provides the rules by which it operates. The prinapal objects of the CIO are to advance the Christian
faith for the benefit of the public by serving and reaching for Christ the community of Highlands
Vlllage Iln North London) and wider networks of people connerted with members of the
congregatlon. The main activities of the CIO are the holding of services of worship, promotlon of the
study of the Blble. missionary and outreach Work. A full copy of the Constitution Can be obtained
from the Minister, or any of the other trustees.
When framlng the objectives. the Trustees have carefully consldered the guldance on'publlc beneflt,
published by the Charity Commission lespecially the guidance relatin8 to the Advancement of
Religlon for PublSc Benefftl and have continued totske account of the Charlty Commi5slon's guidance
on public benefit when planning activities throughout the year.
Grace Church Hi8hlands does not have Its own parish but instead operates wlthln. and cooperate5
wlth. the parlsh of St Peterfs Grange Park and Its Parochial Church Council.
Our normal pattern Is to hold regular weekly ser¥I￿S on Sundays at Highlands School Hall, as well as
other occaslonal seNlces. These include groups for children of all ages. In 2020. the Covid-19
pandemic meant that these services were not held in the same way for the majority of the year.
From mid-march untll December most of our services were held online, using Zoom. On Easter
Sunday and for six more evangelistic serVi￿S in the summer we produced a servlce on YouTube,
fllmed In advan￿ but 'premiered' on Sunday morning. This medium was a150 Used for our carol
service.
Our bl-weekly servlces at Ellzabeth Lodge Care Home also had to stop In March and are yet to
continue. although we have ende3voured to be in contatt by other means when p055ible. Our six
branch group5 continued to meet throughout the year, mostly usin8 Zoom but physically In small
groups when Covid guidance allowed. They are a key means by which members of Grace Church
Hlghlands and newcomers can enjoy fellowship with one another, studying the Bible, praying for one
another, and encouraging one another to grow in Christlikeness.
Sadly. the Covld pandemic meant that we were unable to run several of the events and artivities
that we otherwise would have planned. In partlcular. we missed our Fun Day at Sainsburfs,
ommunlty cafés. youth football for most of the year, the Jazz barbecue and the sports quiz.
There were some hi8hli8hts, though. including a Confirmation servke on March 1st, when the Blshop
of Edmonton confirmed 7 of our members and also took the opportuntty to visit Good News Club.
We ran a Christianity Explored group in the new year and also met regularly online for prayer
meetings, which were often ￿￿11 attended. In fact, Covid restrictions meant that our 'virtual'
attendances at Sunday services and other meetings were sometimes higher than they might
normally have been as travel wa5 restrirted - although even when we could travel. we could still
attend an Online service!

We were so grateful that our English For You dasses were finally able to stsrt for parents at Grange
Park Primary School in January. Of course these had to stop in March due to Covid. but a group ha5
been meeting online through the rest of the year and we are excited about the opportunities this
group brings. Even in the few weeks before lockdown one member of the group had stsrted
attending Sunday servi￿5 for the first time.
In Novemberwe were pleased to be able to appolnt Hllary Nicholls as part-time Minister for Women
and Outreach. This was before Hilary was appointed as a trustee. We have also since the year-end
taken on Jonathan Haine5 as 3 volunteer Ministry Trainee.
There were two funerals and three baptisms during the year.
Grace Church Hlghlands is part of the Edmonton Episcopal Area in the Diocese of London, and as
part of the Church of England we play a full part in the Deanery and Diocese. At the delayed Annual
Meeting in October 2020 the electoral roll of Grace Church Hlghlands stood at 89 members. We
elected Sally Reeve and Jonathan Haines as lay members of the Enfield Deanery Synod.
Financial review
Our budget for 2020 was for a small surplus of £9.IXN). much reduced from the surplus of £31.538
recorded for 2019. Thls budget assumed that regular givin8 would increase by a token 1.7% and
that one-off giving would fall as we planned no large appeals during the year. Given the
extraordlnary background to much of 2020 the artual level of regular giving held up very well.
showlng only a small reductlon of c. 1.3%. One-off glfts fell c. £4,800 short of the amount
budgeted, although thls was lar8ely because we had no appeals at all during the year.
As regards expendlture, the costs of holdin8 Se￿iCe5 In Hl8hlands School Hall fell markedly by c.
£8,000 as, barrlng a few short periods. we were only allowed to meet onllne. Also, plans to
engage additional resources in the form of a part-t5me Mlnister for Women and Outreach were
delayed so led to a sawn8 in Clergy Stipend and allowan￿5 of over £lO,¢))O against the budget,
Ithough the amount spent was still nearly £4,(W more than in 2019.
Some of the savin85 were committed to an increase of over £4,(M)) in literature and outreach
costs. which necessarily became one of the main ways for us to reach people in our community.
Additionally, we reco8nised the need to redecorate part of the Minister's accommodation that
has become worn and so sulFstandard, making a provision of £5.(￿ to cover this. These one•off
costs were nonetheless not enough to offset the savings elsewhere so. at £12,159, the surplus for
the year was c.£3,000 more than bud8eted.
Looking forward to 2021 our budget reflects the planned Increase in expenditure related to the
part-time Mlnlster for Women and Outreach and so assumes a deficit for the year of £21,000
based on income only marginally up (by 2%). ft should be emphasised that this is very much
planned deficlt, reflecting an Increased level of investment In our Mlsslon Inltlatlve which we are
fundlng Out of the unplanned surpluses accumulated over the past 3 years. The level of Ilquid
resources held at the year end of £280.826. whilst healthy. will not obviate the need for appeals
from time to time for spectfic projects whith support our objertive5 and are worthy of fundin8.
Policy on Reserves
All the current funds are unrestrirted by nature and so are available to be used as the Trustees
and church members 8enerally see fit. However. the work that the CIO carries out in advanclng
the Christian faith for the benefft of the public in the community of Highlands Village and further
afield is, by its nature. a long-term endeavour and relies entlrely on the support of individuals.
41Page

Accordingly, prudence must be observed to ensure that the CIO can ride out any shortage in
incoming resources over a number of years. In such a situation, and with the majority of incoming
resources still tied to the provision of stipends and accommodation. essential for Grace Church
Highlands to continue its work, the current level of rese￿eS Is not excesslve: The CIO has a
mortgage of c. £312.(￿ to fund, albeit over the next 20+ years.
In coming years, and as shown by the budget for 2021. the expertation is that expenditure will
increase from the current level and result in deficits in some years, which will absorb part of the
CIO'S funds, although care will be taken to keep the overall level of deficits to a manageable level
so as not to threaten the mI￿10n of Grace Church in the long term.

GRACE CHURCH HIGHLANDS CIO
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the Trustees / Members on the accounts for the year ended 31 December
2020 set out on pages 7 to 14
Respectlve responsibilities of trustees and examlner
The charity's trustees are responsible for the preparation of the accounts. The charitvs trustees
consider that an audit 15 not required for the year under Section 144 of the Charities Art 2011 (the
Charities Act) and that an independent examination is needed. Accordingly. it is my responsibility
as independent examiner:
to examine the accounts under section 145 of the CharFtles Act;
to follow the procedures laid down in the General Di￿rtIOnS given by the Charity
Commission lunder section 14515llbl of the Charities Act; and
to state whether particular matters have come to my attention.
Basls of Independent examlnerfs statement
My examlnation was carrled out In accordance with general Direction5 gwen by the Charlty
Commission. An examinatlon Includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It also includes conslderatlon of anv
unusual items or dlsclosures In the accounts. and seeking explanations from the trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audrt. Consequently, no opinion is given as to whether the accounts
present a 'true and falrf vlew and the report Is Ilmited to those matters set out in the statement
below.
Independent examlnerfs statement
In connectlon wlth my examlnation, no matter has corne to my attention:
l. which gives me reasonable cause to believe that in, any materlal respect. the requirements:
to keep accounting records In accordan￿ wlth section 130 of the Charitie5 Att; and
to prepare accounts which accord with the accounting records and comply with the
accountin8 requirements of the Charities Act have not been met; or
2. to which. in my opinion. attention should be drawn in order to enable a proper understandlng
of the accounts to be reached.
MA-4
Michael Slevin MBA. Ba IHons} Finan
8th May 2021
40 East View
B3rnet EN5 5TN

GRACE CHURCH HIGHLANDS CIO
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2020
Unrestrirted Funds
Year to 31
December 2020
Year to 31
DecembeT 2019
Note
Income
Voluntary income
Regular glvlng
89,258
90,437
Occaslonal glvlng
2.174
22,998
Interest and other income
1.419
1,412
Total Income
92,851
114,847
Expenditure {Church artlvltles)
Ministry.. Clergy stipend & expenses
3a}
40.672
36,849
Ministry.. Clergy accommodation
3bl
19,231
15,495
Hire of venue for Church services
1,886
8,492
Evangelism activities
14,033
17,503
Church runnlng costs
4,870
4,971
Total expendlture
80,692
83,309
Net Income and movement In funds
12,159
31,538
Balance brought forward
519,6TI
488,139
Balance carrled forward
io
531,836
519,677
The notes on pages 9 to 14 form part of these accounts.

GRACE CHURCH HIGHLANDS CIO
BALANCE SHEET
At 31 December 2020
At 31 December
2020
At 31 December
2019
Note
Tanglble flxed asset
568,082
568,082
Current assets
Debtors and prepayments
2,352
21,463
Cash at bank and in hand
280,826
252,932
Llabllltles
Creditors- amounts fallin8 due within
one year
117,3521
110,7501
Net Current assets
265,826
263,645
Total assets less current liabilities
833,908
831,727
Credltors- amounts falllng due after
one year
1302,0721
{312,0501
Total net assets
531,836
519,677
Funds (unrestrlrted)
io
531,836
519,677
The notes on pages 9 to 14 form part of these accounts.
Approved by the Church Council on 19 April 2021 and signed on its behalf by: The Revd
Jonathan Bell (Chairman of the Church Councill and Jeff Hammer (Vice-chairman and Church
Warden)

GRACE CHURCH HIGHLANDS CIO
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
I. ACCOUNTING POLICIES
Basls of flnancial statements
The financial statements have been prepared under the Church Accountlng Regulatlons 2¢XJ6 In
accordance with applicable accountin8 Standards and the current Statement of Recommended
Practlce ISORPI on Accounting and Reportlng by Charltles and appllcable Flnanclal Reportlng
Standard IFRSI 102. They have been prepared under the hlstorlcal cost convention.
Fund accountlfig
The unexpended funds of the CIO, represented by its net assets. are held by its trustees on trust.
They are not restrlcted to any partlcular charitable purpose and can be used for any of the CIO'S
charitable aims.
Income
Planned givlng, collections and similar donations are recognised when received unless they relate
to amounts pledged for an appeal or other fund-raisin8 for a specific event or year, or to a legacy
or bequest made in a particular year, in which case they are treated as part of the Income for that
year. Tax refunds are recognised at the same time as the incoming resource to which they relate.
Interest and other incomels reco8nlsed as and when recelved.
All incoming resources are accounted for gross, unless they relate to contrlbutions recelved In
respect of church outreach event5 considered to be Immaterial in the context of church activities,
In whlch case the net deficit on the event is shown under the heading'Evangelism' in the Statement
of Financlal Actlvities.
Income received In advance is deferred to the extent that It relates to. and is to be matched with,
expenditure arlsing in a subsequent period.
Income collerted in respect of appeals made on behalf of other charltles Iwhich Is paid over to
those charitiesl is not included in the accounts of the CIO but is listed in a note to the account5
(note 21.
Expendlture
Grants and donations are accounted for when paid. or in the year when awarded if that award
either creates an obligation of the CIO to pay it or it 15 made out of incomins re50urres for that year.
All other expenditure is 8enerally recognised when Iz Is incurred and is accounted for gross.
Flxed assets
The property occupied by the Minister is accounted for at historical cost. It 15 not depreciated as it
is the CIO'S policy to continuously maintain the property to a high standard. Maintenance and
refurbishment costs arising from wear and tear during the year are ￿cOgnised in the Statement of
Financial Activities under the heading 'Mlnistry- Clergy accommodatlon. and a provision made to
the extent that such costs have been incurred but not yet paid.
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Movable church fumishings and equipment with an individual cost of less than £l,LK(J are written
off when purchased. Nevertheless, theyare held bythe Ministerand Church Wardens forthe CIO
and are listed in the church's inventory.
2. VOLUNTARY INCOME
Year to 31
December 2020
Yearto 31
December 2019
Regular glving
Planned giving (Gift Aid)
62,858
63,809
Tax recoverable
15.715
15,952
Other planned giving
10,685
10,676
Totsl regular glvlng
89,258
90,437
Occasional giving
One-off gifts (Gift Aid)
1,739
17.675
Tax recoverable
435
4,419
Other occasional givlng
904
Totsl occa51onal 8lvln8
2,174
22,998
Other planned and other occasional giving includes amounts received through stewardship
vouchers and Give As You Earn, which is re￿iVed inclusive of any tax. It also includes other regular
Income such as non Gift-aided donations. One-off gifts include amounts totalling £26412019
£1.0641 recelved through the collection box.
Amounts recelved from speciflc collectlons during the year made for other charltles, whlch were
paid over to those charlties Isee note 41, amounted to £25812019 - £5301.
3. MINISTRY COSTS
Under the Supplementsry Instrument to the Bishop's Mission Order that the CIO operates under,
the CIO is required to make provision for the Ministerfs stipend, housin& penslon, expenses and
any allowances to ensure that. as far as posslble. they are the same as an incumbent of a benefice
in the Diocese of London would receive.
The Ministe¢s stipends are paid through the Diocese of London, with the CIO paying into the
London Diocesan Fund the equivalent of the cost of an "Off Common Fund" incumbent post to
meet the Mlnlster's salary and associated costs (see also note 11 Related Portiesl. The Minister's
housing is also provided directly by the CIO.

al Ministry stipends and expenses comprise the following.."
Yearto 31
Decembei
2020
Year to 31
Oecember
2019
Ministerf5 Stipend, allowances, pension & Nl
39,9
28,348
Ministerfs resources and expen5e5
772
8,501
40,672
36,849
Resources and expenses In 2019 Included resettlement 8rant5 made to the Incomlng Mlni5ter of
£4,856 and a contribution towards removal costs of £2,443.
bl Ministry accommodation and running costs cornprise the following'.-
Year to 31
December
2020
Yearto 31
December
2019
Mortgage interest on Ministerfs accommodation
10,282
12,OCrf)
Running costs
3,799
3,332
Repalrs and maintenance
5,150
163
19.231
15,495
4. EVANGELISM ACTIVITIES
Year to 31
December 2020
Yearto 31
December 2019
Re8ular outreach Iyolrth, children, EFY}
Occasional outreach events
5,410
5,486
1,193
Donations and mission support
3.698
10,472
Literature. reachlng out and other costs
4,444
352
14,033
17,503
Regular outreach includes £3,126 in respect of the salary, National Insurance and expenses of Hilary
Nicholls, the new Minister for Women and Outreach, for November and December 2020.
IIIPage

Outreach event costs are shown net of associated contributions of £14012019- £2,091).
Donations and mission support comprise:_
Mission partners- India
Mission partners- Two'.Nlneteen IUKI
5CKI
Other$111
198
They also include other donations made from specific appeals during the year. collections for which
are subsequently paid over to the charities concemed Isee also note 21. The total amount collected
including Gift Aid was £258 which was paid to the following:_
London City Mission
258
5. CHURCH RUNNING COST5
Church running costs cornprise the followin8:_
Year to 31
December 2020
Yearto 31
December 2019
Refreshments and consumables
21
753
Insurance
1,129
1,019
Website, prlnting and promotion
1.030
872
Contribution to the LDF Common Fund
750
Other costs
690
1,577
4,870
4,971
6. TANGIBLE FIXED ASSET
The CIO has a freehold interest in the property occupied bythe Minlster at 2 Firs Lane. London N21.
The amount of £568,082 shown in the balance sheet is stated at historical cost. including financing
charges.
12 IPage

7. DEBTORS AND PREPAYMENTS
Debtors and prepayments comprise the following=_
At 31 December
2020
At 31 December
2019
Tox recoverable
1,249
20,372
Prepayments & deposits
1.103
1.091
2,352
21,463
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
short.term creditors are represented by:"
At 31 December
2020
At 31 December
2019
Capltal repayments on mortgage {see note 9)
9,978
7,950
Accrued expense5
7,374
2,800
17,352
10,750
9. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR
The property at 2 Firs Lane (see note 61 wa5 orlglnally acqulred wlth the aid of a capltal and
interest repayment mortgage due to be repaid in full in February 2043 and bears Interest at a
variable rate of 3% above base rate. At 31 December 2020 the interest rate on the outstanding
amount of £312,05012019- £320,1)J)I was 3.1%12019- 3.75%). Of this amount, £302,072
12019- £312,050) Is payable after more than one year.
10. FUNDS
At 31 December
2020
At 31 December
2019
Unrestrlrted Funds
At ljanuary
519.677
488,139
Incomin8 resources
92,851
114,847
Re50urce5 expended
180,6921
183,3091
At 31 December
531.836
519,677
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11. RELATED PARTY TRANSACTIONS
The Minister of Grace Church Highlands, Revd Jonathan Bell, is an ex-officio Trustee and member
of the Church Council. He is employed by the Diocese of London and received a stipend during the
year of £39,900 (part year 2019- E28,3481. He was also reimbursed amounts for expenses totalling
£772 in the period12019- £1,344 and removal costs of £2.443}.
Other employment costs reflected under Ministry Costs (see note 31 relate to National Insurance
and to pension and other contributions made through the Diocese of London for the Minister. They
also include. in 2019. grants totalling £4.856 for resettlement of the then incoming Minister, the
Reverend Jonathan Bell.
The newly appointed Minister for Women and Outreach, Hilary Nicholls. who was appointed as a
Trustee on 12 October 2020. received a salary for the final two month5 of the year of £2,553.
No payments were made to any other trustee, persons closely connected to them or related partles
other than in respect of reimbursement at cost of small amounts of expenditure incurred in
administering the church or running church and outreach events. No benefit has been derived by
these persons from the payments made.
12. COMMITMENTS
Grace Church Highlands has not made any commitments beyond annual contracts with a number
of regular suppliers. The hire of the venue for church services is contracted on a termly basls but
due to the Coronavirus pandemic service5 were not possible at the venue and therefore no
commitments existed at the year-end.