St Francis at The Engine Room Annual Report and Financial Statements Year ending 31st December 2023 saiNt francis engineroom AT THE
The Parochial Church Council of St Francis at the Engine Room, Tottenham Hale ANNUAL REPORT FOR THEYEAR ENDED 31st DECEMBER2023 REFERENCE AND ADMINISTRATIVE INFORMATION St Francis at the Engine Room is situated in Hale Willage, Tottenham, London. It is a parish church within the Edmonton Episcopal Area in the Church of England Diocese of London. Registered Charity number. 1157480 Pri ncipal Address: UnitA, Eagle Heights, Lebu5 Street, Halevillage, Tottenham, London N17 9FU Governance and Management- Parochial Church Counc5l (PCC) The Parochial Church Council is a corporate body established by the Church of England under the PCC (Powers) Measure, 1956. This measure,togetherwith the Church Representation Rules of the Church of England {20221, define the constitution of the PCC. The PCC members (Trustees} who have sejved from the IstJanuary 2023 until the date of approval of this report are: Ex-officio Members.. Incumbent: Revd Andrew Williams (Chairl Revd Keith Jackson Tony Gibney Chaachi Deane Assistant Curate Churchwardens: Deanery Synod: Elerted Members." Ida Birungi Nailah Daley-Allen Farida Nviri Obi Onyido The method ofappointment of PCC members is setout in the Church Representation Rulesof the Church of England. All Church attendees are encouraged to register on the Electoral Roll and stand forelection tothe PCC, normallyto seNe a 3-yearterm. StFroncisottheEn9ineRoom 2023AnnuolReport&FinorKio15totements Poge 2
The PCC is responsible for fomiulatin& approving, and implementing policies and strategies that meet the organisational objectives, and accord with the aims and purposes of the charity, as set out in thi5 document. The PCC and the Charitable Incorporated Organisation ICIOI meet approximately everyother month and receivefinancial and operational reports. The PCC has a Standing Committee which meets a5 required. Bankers Barclays Bank plc Independent Examiner Griffin Stone Moscrop and Co 21-27 Lamb's Conduit Street, London, WCIN 3GS Aims and Purposes l To advance the Christian faith for the benefit of the public. 2 To furtheror benefitthe residents of Tottenham Hale and the neighbourhood, without distinction of sex, sexual orientation, race, or of political, religious or other opinions by associating the said residents and the local authorities, voluntsry and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. 3 To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause, 'socially excluded, rneans being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment,. financial hardship* youth or old age. ill health (physical or mentsl). substance abuse or dependency includ ing alcohol or drugs" discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed. sexual orientation or gender re assignment. poor educational or skills attainment- relationship and family breakdown) poor houslng (that is housing that does not meet basic habitable standardl- crime (either as a victim of crime or as an offender rehabilitating into society). StFmncisotthe Engine Room 2Q23AnnuolRÉport&Fin(TnciolStotEments Page 3
THE ACHIEVEMENTSAND PERFORMANCE FOR 2023 Achlevements and Performance for2023 The Engine Room entered 2023 in good spirits following a productive 2022 where our community life together had returned to something like normal following the interruption of Covid. The attached accountswill show thatwe have had some challenges, not lea5tthe enormous increases in utility costs following the war in Ukraine. This has affected all households, and much of our local community struggles with the cost of living crisis. However, as high energy users, The Engine Room has suffered a large financial blow that simply couldn't be passed on in its entirety to our hirers and those who share our space. We are grateful that we had managed to build up some reserves in previous year5 beforethis hitto ourcommunity, and know that many are notso lucky. Church life We are grateful to God thatthe church community of St Francis, has bounced backfrom the restrictions Dfcovid. We havewelcomed a numberof new peopleto the community aswe have said goodbyeto somewho have moved away from Tottenham. In Lentwe were able to run a Chi Idren ard Holy Communion course which included two of our children being baptised in our pool on Easter Sundayj the first time we had been able to use it since the start of the pandemic. Susie Choi started her role as Music Leader in our church in February. She has brought a good deal of joy and enthusiasm to the role and much skill to our tnusic on a sunday. We were relieved to finally move away from videos and retum to thejoy of live music. We are grateful to our friends at St Botolph without Bishopsgate whose generous regular grant enables us to fu nd thls post. We were sad to say goodbye to Bishop Rob,the Bishop of Edrnonton, in June. Bishop Rob has been a strongsupporterofThe Engine Room and an allyto ourwork here. We lookforward to welcoming BishopAnderson Jeremiah as hetakes up his new role in May 2024. On the August bank holiday seventeen members ofourchurch communityenjoyed a refreshing and invigorating stay at the Greenbelt Festival. The variety of music and drama, and the political, social and environmental offerings at this festival are inspiring, whilst the fact that thi5 festival 15 engaging our faith through all this is a truly unique offering in our country. We are gratefulthat the festival offered a numberoffree ticketsforthe weekend forsome ofour community. In Octoberwe welcomed The Revd Jess Swiftto preach at our Patronal Festival. 2023 marked ten years sinceAndrew Kwapongwas seconded from StAnn's to begin working in the community in Tottenham Hale with Martina. It was good to have the vicar ofStAnn's to help us celebrate that anniversary and affirm our close links to our neighbours at that church. My new role as Director of Training for curates in the Edmonton Area has meant an increase in our interaction with the Area and the Diocese, which benefits our new community in several ways, Atthe sametime, it is good to be ableto offer The Engine Room as a regular resourceto theArea and Diocese as those who aretraininggetto know what happen5 here on the edgeof the Episcopal Area. The Revd Keith Jackson has continued in his role as Assistant Curate at The StFroncisot theErt9ineRoom 2023AnnvolReport&finoncia15rotements Page 4
Engine Room. We are grateful for everythingthat he brings to ourcommunity and lookforward to all that will come with the completion of histraining in the summer of 2024. Our Parochial Church Council continues to offer its leadership role for our church community* whilstoverseeingall aspects of lifeatThe Engine Room, we remain grateful forthe commitment ofthese hard-working people, and particularlyto TonyGibney and Chaachi Deane ourtwo Church Wardens. Communlty Life Much ofour community life remains dependent upon the grants and donations thatwe are able to gain, so we remain hugely grateful to Andrew Johnston, our Operations Director, for the time he takes to discover appropriate grant making bodies and work with new and existillg partners to ensure thatwe have the fundsto continue ourwork in the local community. We are grateful tothe Bridge RenewalTrustwho continued to allocate fundingfrom The Mayor of London'sviolence Reduction Unitfortheir'Home Cooked. project. A number ofour projects have received backingfrom this source. We are grateful toArgent LLP who have supported our homework club Accelerate through tothe end of2023. As ourfirstgroup of children moved on to Pioneer Girlz and other programmes within our centre, a new group interested in improving their grades have taken their place, benefitting frotn Lucetta Harp's expertise. Nailah Daley- Allen, our resident artist, continuesto inspire both primary aged children through our Art Workshop, and the over50's with theirsessions on aTuesday lunchtimefunded bythe Benefact Trust. We are gratefulto Regen Facades who have partnered with ourartists, young and old, as they have created banners forthe Pavilions whilst vital cladding works are undertaken. Regen's financial support has given a considerable boostto our resourcesforartatThe Engine Room, We aregrateful to Haringey Council's Unitworking on Wiolence Againstwomen and Girls, who stepped in when Home Cooked fundingended, to ensurethatourhugely successful Pioneer Girlz group could not only continue, butexpand totwo age groups. Lady Emma Dapaah developed this empowerment programme foryoungwomen and it has been good to See them thrive. Janet King continues to grow and develop the TLse5day walking group for the over 50's. She works hard to include newcomers and regularsalike, ellcouragingall attendeesto improve their health. Compact. ourThursdayYouth club.that is generouslyfunded bythe Leevalley Estates Foundation, has undergone a renewal in 2023, as manyofour'boys, have moved on to college and jobs. A new generation of young teens have taken their place and enjoy the activities that are offered, as well as an essential safe place that several of them talk about as'their second home., Obi Onyido continues to guidethis groupwith thesupport ofchiemela Ndukwe and Lady Emma and essentialvolunteer5 who give theirtimeto helpthese young people. Duringthe latter part of 2023 Obi also took on the role of co-ordinator of the holiday programme Hale Time, funded by Home Cooked. This has enabled usto offersome importantfree activitiesfor a wide range of children and young people in the school holidays. It has been wonderful to see Legal Aliens, our residenttheatre group for migrants and refugees, offer time and expertise to these holiday clubs, giving some of our local children valuable experience in drama and theatre, whilst ourweekly Dance Group, Define Me, have offered theirexpertise as well. StFmncisattheEn9ineRoDrn 2023AnnuolReport&Fin(rncio1Stt7tements Page 5
The Tottenham Ten was biggerthan ever in 2023 and creditgoes to our Directorof Operations Andrew Johnston for his work in growing this important fundraising event for our community work. We had over 100 runners for the first time, as well as offering free places for young people thanksto sponsorship from the Canal and RiverTrust. We had generoussupportfrom the Canal and RiverTrust, Leevalley Park. Sharesy, Halevillage and theTottenham Hotspur Foundation, meaningover £5,000 was raised forour communitywork We are very grateful to Tottenham HotspurAmbassador Ledley King who took thetimeto award the prizes and spend time with us on Halevillage. Thanks also goesto the staff team ofthe Tottenham Hotspur Foundation, for helping to marshal the course and then put on the free SK Spurs Walk for the local community, held directlyafterthe Tottenham Ten. 2023 was our busiest year so far, and the figures in our annual accounts reflect this. At the same time we continueto offerour Easter and Summer Festivals, and Christmas Fayre as milestones n the yearforthe local community. Maria Joseph, our church and community worker. continues to develop these three annual events in interesting and innovative ways. We are grateful to have Maria back with us in full health. Table 13, The Engine Room Cafe continues to thrive under the guidallce of Federico Viciani and his team. As the local area growsthrough furtherdevelopment, we are surethat itwill become busier still. Little Engineers. the nursery run by the local LDBS Academies Trust continues to work hard for local people, providing as much resource as the limited space can offer. Room hire remains an importantelement ofourincome and continuesto increase. People are now largely using our online bookingsystem, www.en ineroom.or booki which has helped our operations enormously. We continue to host our friends from the local Muslim community for Friday Prayer5 in the Small Hall and Workshop each week astheircomrnunitygrows. Staff We receive regularvisits from Bexley Seaburyseminary in Chicago, who include the Engine Room as one oftheirstops on their'Learningfrom London, programme. Everytime theyvislt, the question asked the most is how we manage to achieve whatwe do atThe Engine Room with such a small staff team l The answer is that we have remarkable people making it happen. I have already mentioned Andrew IAJI and Maria, Obi and Lucetta, Lady Emma, and Nailah. I have yet to mention Rhoda Asomah, ourTime forGod volunteer, who arrived from Germany in December 2022. Rhoda provided an amazing contribution to ourteam and supported so many different groups with her infectious enthusiasm and sense of humour. She took on much responsibility whilst Maria was away from The Engine Room for several months with illness. She left us following the Greenbelt Festival in August, for what was planned as a short trip home. Unfortunately* she was unable to return because of visa complications in Germany. We still miss her but remain in touch. other membersofourteam include ZemichaelAbrha who lastyearhad stepped in atshort notice into a role as interim finance consultant, he continues to do a wonderful job for us in keepi ng our finances on track and properly accounted. Ngadhnim Mazrekaj (Niml our caretaker ofsome years now, continues to offervital supportto our small staff team, working largely StFroncisottheEn9ine Room 2023AnnuolReport&FinoffKialStotements Page 6
unsociable hours, whilst Fidan Sonmez also stepped into the breach regularly dLJring Maria's illness and continuesto work hard with us atThe Engine Room. We are blessed to have a wonderful group ofpeoplewho regularly use The Engine Room, who have now become good friends. This includes Lara and Joanna, Shenika and Ann, Eli and Liz all offering regular grou ps and activities that help to further enrich our life at The Engine Room. The Future We ended 2023 in good heart and remain hugely grateful to all our funders and particularly to the Lee Valley Estates Foundation, St Botolph without Bishopsgate, St Mary at Finchley and some private individuals, who all continueto fvnd specific programmes atThe Engine Room. 2024 looks as though it will be a difficult year for funding, with local councils and others having much reduced funds availableto supportcentressuch as ours. However, we have been much encouraged by new organisations recognisingthevalue of whatwe do, aswell asthe growing use of the centre by businesses and organisations Monday to Friday, all of which helps our finances immensely. All ofour community activities need ongoingsupport. so we thankyou for whatwe receive and lookforward to our continued partnerships forour local communityof Tottenham Hale. Reserves policy It is the Charity's policy to try to maintain a balance on unrestricted funds that equates to at least 6 month5, unrestricted payments. For 2023, this equated to £115,591. This balance is held to smooth out fluctuations in cash flow and to meet emergencies. As at 31112123, the cash balance held on unrestricted funds {including designated funds), together with the amounts payable to and bythe Trusteeswas £123.862. The Trustees therefore consider the reserves position at the end of 2023 to be sat15factory. Funds not required for immediate use are placed in an instant-access, interest-bearing account to be drawn down when necessary. The balances within the various restricted funds are retained pending expenditure within the scope of the specific restrictions. Given the relatively short-term nature of the majority of the restricted funds, such monies are held in the main current account. Approved by the Parochlal Church Council and signed on its behalf by: Signed: Dated: If 2o)2f The Revd Andrew WillÉam5, Chair StFrancls Gtthe En9ineRoom 2023u01e?rt& financialstotejnents Page 7
Independent Examlnorfs Report to the Trttee$ of St Francls at the Englne Room I report on the financial statements of the church for the year ended 31 Dec@mb8r 2023. This report is made solely lo the oharity's Trustees. as a body, in acixJrdarKe with seclK)n 145 of the Charities Act 2011 and regulallons made under section 154 of that Act. My work has been undertaken so that I might slate lo the charlty's Trustees those matters l am required lo stale to them in an Independent examiner's reF)rl and for no other purpose. To the fullest extent permttted by law, I do rnl accept or assume responsibility lo anyone other Iharb the charity and the charity's Trustee8 as a body, for my work or for Ihis report. Rèsponsibilitie8 and basis of r•port As the charity's trustees you are responsible ft)r the pr8paratsn ofthe accounts in accordancewilh the requirements of the Charities Act 20111.the Act'i. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the ap1¢able Dire¢tions given by the Charlty Commission under section 14515Mb) of the Act. Independent 8xaminorf8 statement Since the company's gross income exceeded £250,0(J) your examiner must be a member of a body listed in section 145 of th8 2011 ACL I confimi that l am qualffied to urmlertake the examination because l am a member of the Inslilule of Chartered Accountants in England and Wales, which is one of the lisleé L¥)dies. Your attention is to drawn to the fact that the charity has prepared the accounts in accordance with A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applble lo charities pparing thelr accounts In accordance with the Financial Reporting Standards applicable in the UK ané Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities= Statement of Recommenéed Pr8Ctlce Issued on 1* Aprll 2(K)5 which is referred to in the exlant regulalions bul has been wthdrawn. We understand that this has been done in order for the accounts to provide a true and f8ir view in accordance with the Generally Accepted Accounting Practice 8ffective for resx)rting periods beginning on or after 1% January 2015. I have completed my examination. l (x)nfirm that w material matters have come to my attention in connection with the examination givlng me cause to believe that in any matwial respect.. accounting records were not kepl in sPe¢l of the charity as required by section 130 of the A¢l', or the accounts do not accord with Iho$e re¢ords. I have no concerns and have come aw$$ no olher matters in connection with the examinalitsn to which attention should be drawn in this report in order lo enable a proper understanding of the COuntS lo be reached. ICK J 141 ij Richard Hill, FCA GRIFFIN STONE MOSCROP & CO CHARTERED ACCOUNTANTS 21-27 Lamb's Conduit Street London WC1N 3GS StFrancisotthe Engine Room 2023AnnuulReFlnonCI0lStteMents Page 8
STATEMENT OF FINANCIAL ACTIVITIES forthe year ended 31 December 2023 Unrestricted Deslgnated Restrlcted Endowment funds funds funds funds Total 2023 Total 2022 Note Income and endowments from: Donations and legaaes Income from charitable activities 21al 7,050 72.746 98,684 99,242 21bl 2,340 4,388 Other trading activities 21cl 153588 153.588 143,316 Investments 2{dl 1,353 1,353 154 other income 21el 225 30 Totsllncome 176,394 72,746 256,190 247,129 Expendlture on: Raising funds Expenditure on charitable activities 31al 16,029 184 16,213 8,817 31bl 203.552 11,602 53.861 269,015 234.808 Other expenditure Total expenditurn 219.580 11.602 285,22Y 243,625 Net Income I lexpendlturn} r•sources before transfer 143,186) 14552} 18,700 129,038) 305 Transfers Grosstransfers between fiJnds- In Grosstrènslers between funds- out 4lbl 41bl 2.705 1,479 14,1831 4,183 14,1831 2,595 12,5951 Other recognlsed gains I losses Net movement in funds 143,186) 11,847) 15,996 (29,0381 3,505 Total funds brought forward 178249 28.856 36,065 243,170 239,666 Totalfunds carrled forward 135.063 27,009 52,060 214,132 243,170 The notes on pages 12 to 22 fomi part ofthese accounts StFrunt15(rttheEn9ineRoom 2023AnnuolReport&finonualSt(rtements Poge 9
BALANCE SHEEf at 31° DECEMBER 2023 At31112D023 At 3111212022 Note Fixed asset$ Intangible assets Tangible assets 1,171 37.039 38.210 1,176 4722 48,698 Current assets Debtors Cash at bank and in hand 63.274 180,355 243,629 27.001 180,328 207,329 Liabilities Creditors: Amounts falling due in one year 71al 67.707 67.707 12,857 12,857 Net current a5sots less current ilabliities 175,922 194,472 Total assets lesscurrent iiabllltles 214,132 243,170 Total net assets less Ilabilitie$ 214.132 243,170 stFroncottheEn9lneRoorn 2023AnnuolRepDrt&finortu'olStaternents Page 10
BALANCE SHEET at 3tst DECEMBER 2023 Reprèsènted by: Unrestricted General Fund 41b} 135,063 178,249 Designated ArtFund Church Commissioner5 Tottenham Cycling Club Youth Fund 41bl 3.380 5.619 456 17,554 8,619 1,153 19,084 Restricted St. Botolph's Discretlonary Fund St Mary's Finchley Art4AII Benèfact Home Cooked Hale Time Natlonal Lotto- Together4Tottenham Pioneer Girlz Haringey ReAct PerformingArts Compact Youth Music and Mission Accelerate Project Agency Collection Beacon Lodge Laureus Sport Tottenham Grammar School Music Bridge Ki London Sport National Lottery Inspire Swim England Bridge Renewal TrustThrive Home Cooked My Tralning plan Home Cooked Boroughs Home Cooked BK Sport Home Cooked Pioneers Motivate Funding Fundsof the church 41bl 5.327 3,631 6,677 2.132 10,297 4,580 2,732 1.264 1543 887 5,600 3,226 254 928 1.615 7.554 372 4,021 372 4,021 1,860 1,046 2,624 2,705 314 2,500 1,219 50 314 11371 1,046 1,600 2208 214,132 243,170 Approved by the Parochlal Church Council and signed on its behalf by: Signed: The Revd Andrew Williams. Chair Dated: H 2d2f The notes on pages 12 to 22 fom partofthese accounts StFrt>ncisottheEngine R(rn 2023AnnualReport&MnonclolStatements Page 11
St Francis at the Engine Room Notes to the Financial Statements for the year ended 31st December 2023 ACCOUNTING POLICIES 1.1 Basis of financial statements The financial statements have been prepared underthe Church Accounting Regulations2006. in accordance with the Charities SORP {FRS 1021 second edition - October 2019 , and the Charities Act 2011. St Francis at the Engine Room constitutes a public benefit entity within the meaning of FRS102, The financial staternents include all transactions, assets and liabilities for which the Trustees IPCCI are responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, norto those that are infomial gatherings of church members. The PCC considers thatst Francis at the Engine Room is a going concern, since we have prepared what we considerto be a viable budget showingthat atthe current level ofunrestricted reseNes there is adequate support forthe activities planned for 2023 and for the foreseeable future. Therefore, these accounts are prepared on a goingconcern basis. The financial statements have been prepared under the historical cost convention with assets and liabilities recognised at C05t or transattion value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared to give a'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 effective I. January 2019, ratherthan the Accountingand Reporting by Charities: Ststement of Recommended Prartice effectivefrom I"Apri12005 which has since been withdrawn. Accounting ondReportingbyChoritie& StotementofRecommendedProcticeopplicoble tocht7ritse5preporing theirtJccouhtsin occordonce with the FinGnciolRepOn9 Stondurdopplicuble in the UKondRepubli¢oflrelondlFR5102J (effectivÈl Janyory2019J. StFrols otthe Engine Room 2023o[Report&FlnUc1u1sttemets Poge 12
1.2 Fund Accounting Unre5trictedFunds are funds that are availableto bespent on the PCC'S general purposes in furtherance ofthe objectives of the charity. DesignatedFunds are general funds Set aside bythe Pccfor use in the future. Designated funds remain unrestricted, and the PCC may move any surplus to other unrestricted funds. Restricted Funds comprise revenue donations or grants for a specific activity intended by the donor. Any balance within a particular restricted fund remaining at year-end is carried forward within that fund. The aim and use of each individually material restricted fund is set out in Section 4lal of these note5. 1.3 Incomlng Resources In principle, incoming resources are recognised when: i. the PCC becomes legally entitled to the benefit of use of the resources. 2. their ultimate receipt is virtually certain. and 3. The monetary value can be measured with sufficient reliability. Planned givin& collection5 and similar donations are recognised when received. Tax refund5 are recognised when the incoming resou rce to which they relate is received. Investment income is accounted for when receivable. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably cert3in, and the amounts due are readily quantifiable. Licensing income and rental i ncome arising from the letting of church premi5e5 is recogni5ed when due. All incoming resources are accounted-for gross. 1.4 Resources Expended Grants and donations are accounted forwhen paid over, orwhen awarded ifthat award creates a binding or constructive obligation on the PCC. The Diocesan Common Fund contribution expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted-for gros5. 1.5 Liabilities All debts owed by the church at year-end are listed in Section 7(a) of these notes, and shown In total on the Balance Sheet. Included within the total are Agency Payments. these are monies held within Parish bank accounts that have been collected or aggregated on behalf of other organisations or individuals pending remittance. Such monies, which typically include charitable collections and statutory fees collected on behalfof the Diocese of London, are not partof Church funds. Amounts thatthe church is committed to payingatsometime afterthe end ofthe 2023 financial year, to be financed frorn 2024 cash flow, are listed in Section 7{bl of these notes. StFranctsotthe Engine Room 2023AnnuolReport&FinonciolStatsrnents Page 13
INCOMEAND ENDOWMENTS 2(a) Donations and legacles Total 2023 Total 2022 Unrestrirted Deslgnated Restrlrted Endowment GiftAid- Bank GiltAid- Envelopes Loose plate collections Giving through church boxes Donations appeals etc Grants- St Botolph's Grants- St Mary's Finchley Tax recoverable on Gift Aid Recurring grants Non-recurring one-off grants 10,657 2,078 417 10,657 2,078 417 7,744 205 611 107 14,120 1,500 2,341 2.050 4,391 1,700 500 3,395 10.663 64,883 98,684 1.700 500 3,395 3,318 3,031 68.605 99,242 10.663 59,883 72,746 5,000 7,050 Total 18,888 2{b) Income from charitable actlvities Total 2023 Total 2022 Unrestrlcted Designated Restrlcted Endowmènt Fairs & Events- objectives Bookstall Sales- objectives Messy Play Subscriptions Hall Hire- Private- objectives 20 60 2,260 20 60 2.260 732 2,400 1,250 Total 2,340 4,388 2(cl Other trading activlties Total 2023 Total 2022 Unrestrkted Designated Restrlcted Endowment Fair5 & Everkts- fund raising Photocopier income Cafe licence fee & profit share Nursery rent income Cafe service charge Hall Hire- Private fund raising Hall Hire- Long Term fund raising 9,846 185 9,846 185 12,840 40,000 5,090 88 11,000 40,000 1,000 53,864 32,274 143,316 40,(0 49,150 41,568 Is388 49,150 41,568 153,588 2(d) Investments Total 2023 Total 2022 Unre5trirted Designated Restrlrted Endowment Bank & building society interest Total 1.353 1,353 1.353 154 1,353 154 StFrOnCttheE91ne Room 2023AnnualReport&FinonciolStotements Page 14
2{e) Other income Total 2023 Total 2022 Unrestrirted Deslgnated Restrirted Endowment Banking loyalty payments 225 225 30 Total 225 225 30 EXPENDITURE 3{a) Raisingfunds Total 2023 Total 2022 Vnrestrirted Deslgnated Restricted Endowmènt Fees paid to fund raisers Costs of applying for grants Costs of fete5 & other events Transaction handlingfees Fundraising subscriptions 4.673 4,673 54 36 7,419 1,062 246 8.739 2,222 396 8.923 2,222 396 Total 16,029 16,213 8,817 3{b) Expenditure on charitable activities Total 2023 Total 2022 Unrestricted DesIat Restrfrted Endowment London Diocesan Common Fund Salaries Expenses Water rates- Wicarage Vicar's telephone Clergy & Staff Training & Develop't Community Support Music expenses Building running expenses Bookstall costs Hospitality costs Church requisites Building- equipment expenditu Compact Youth expenditure Pioneer Girlz Expenditure Home Cooked Gir15 Only Pioneer Girlz Haringey expenditure Home Cooked Hale Time Muslc Makers expenditure Messy Play expenditure Art club expenditure Accelerate Projert expenditure Family Sports expenditure Youth Work expenditLsre Media Workshop expenditure BK Sports expenditure Inspire-Artclub ,000 65,073 539 312 15,000 85,881 539 342 12,000 75.754 685 338 917 10,420 168 56,856 60 1502 886 8,868 3,379 10,137 3,299 6.240 14.568 30 970 32 7rJ.842 526 1.496 32 73,914 72 565 1,407 7,222 206 237 772 1,644 7,222 1,798 73 2,123 21,953 2,868 200 2,720 10.440 667 1,798 73 2,123 21.953 2,868 200 2,720 4,015 2,361 4,623 1,560 1.375 5.050 667 290 290 500 7,427 5,997 4,676 324 324 StFroncis ot the Engine Room 2023AnnuolRew•rt&FinonciolStutsments Page 15
3(bl Expenditure on charitable activities Icontinued) Total 2023 Total 2022 Unrestrlrted Designated Restrfcted Endowment Staff expenses Church running costs- Junior church Pop-up cafe expenditure TFG Workertosts Tottenham Cycling Club expenditure Administration Admin Finance support Visiting speakers I locums Church office- running costs Governance costs- independent Website expenditure Promotion5 & publicity Bank charges Payroll processing fees DBS checking fees ReAct expenditure 992 164 240 6,551 601 1,593 164 608 6,551 697 5,832 12,0 1,921 250 1,852 697 714 3,619 5,832 ,otK) 400 1,172 1,668 1,021 5,718 282 916 176 2,249 234,808 1,092 1,860 218 4,363 276 I,oio 1441 1,092 1,86Q 458 4,363 276 I,oio 1441 1,957 269,015 240 1,957 53,861 Total 20352 11,602 FUNDS 4(al Restricted Fund Details St Botolph's Discretionary Fund This fund contains grants received from the Parish of St Botolph without Bishopsgate as a contribution towards discretionary payments made bythe Priest Missioner. st Mary's Finchley This fund contains grant monies received from the Parish of St Mary's, Finchley that were used to finance the ' Make Lunch. project. ReActPerformingArts Funds received towards a perfomiing artsweekeach May. This includes subscriptions for participation from the children. Compact Youth This fund is for youth work in collaboration with Hale Willage for 14-18 year-old5 from Ferry Lane Estate and Hale Village. Compact looks to build relationships and help young people develop their skills ready for the workplace environment. Music andmission This fund was established to build up the musical resources of the church and is to be used for any missional activity that benefits St Francis, church. StFroncisottheEn9ine Room 2023knnuulReport&FinoncJolStotements Page 16
Accelerote Project This fund contains grant monies received from Argent Related SeNice5 Ltd to support ourwork with children in the local community. Specifically this grant will fund a homework club called Accelerate, providing a trained teacher and materials for 12 months of study. Beacon Lodge This fund contains grant monies received from Beacon Lodge Trust specifically to provide a 'Make Lunch, cooking programme for local children during 2021. The programme was run during July 2021, and a report issued to the Trust following successful completion. Laureus Sport This fund contains grant monies awarded byActive Change Haringey within the MayorofLondon's Laureus Model City prograTnme. to provide an Active Families programme up to and including Easter 2022. Tottenham Grommar School Music Thisfund contsin5 a grant received from Tottenham Grammar School forthe purpose ofproviding music lessolls for children in the local area, at a reduced rate. Bridge Ki This fund contains monies received from Bridge Renewal Trustas part ofthe Mayorof London's 'Home Cooked, Programme. The aim 15 to addressyouth violence across London. The fundingwas used duringsummer 2021 to run an extended musicvideo workshop foryoung people in Tottenham Hale, who created a positive piecethatwas later perfomied at an event in The Engine Room. London Sport This fund was set up in 2021 to receivemoniesforthe purpose ofprovidingsportingequipmentto individuals and families to assist them to be active as they came out of Covid. Using thi5 funding in 2021, The Engine Room made equipment available tothe local community and also supported a summerprogramme ofsport on Ferry Lane Estate. Motivate Funding This fund contains monies provided by HaringeyGNing as partoftheir'TogetherWe Can, fund. The Engine Room extended our Messy Play sessions, bought laptops foryoung people to use and funded several artworkshopsfor adults. Inspire Tottenhom We have decided to add remaining funding from the National Lottery Inspire grant to our restricted Artfunding. This National Lottery grant was made to fund our artwork in the community and it is therefore entirely appropriate that the remaining small balance be transferred to this fund. stFroncis ot the Engine Room 2023AnnuolReport&finonoalStotements Poge 17
41b) Summary ofFund Movements Brought Forward Income Expenditure Traner$ Gains& Losses Carrfed Forward Unrestricted General Fund 178.249 176,394 219.580 135,063 Total Unrestricted Funds 178.249 IT694 219,580 135,063 Deslgnated Church Commissioners Tottenham Cycling Club Youth Fund Art Fund 8,619 1.153 19,084 5,619 456 17,554 3,380 697 6530 1375 5.000 2.050 2,705 Total Deslgnated Funds 28,856 7.050 11,602 2,705 27,009 Restricted St Botolph's Discretionary Fund ART4ALL- Art4AII Benefact St Mary's Finchley ReAct PerformingArts Compactyouth Music and Mission Accelerate Project Beacon Lodge Laureus Sport Tottenham Grammar School Music Bridge Ki London Sport Motivate Funding NL-T4T- National Lot- Tog4Tott PGHAR- Pioneer Girlz Haringey 5.600 1.700 10.150 1,973 3,473 595 1,957 10327 72 6.667 5,327 6,677 3,631 2,732 1,264 1.543 887 372 4,021 3,226 254 928 1615 7.554 372 4,021 4.435 10,663 1,860 1,860 1,046 2,624 1,046 1,884 9,932 26,742 365 12101 10,297 4,580 21.953 HC-MY Training Plan C-Building Bridges Hc-sports Programme HCHT- Home Cooked Hale fime HC-Pioneer Girls HSF Inspire Swim England Thrive 1.219 50 314 905 1501 19051 3.124 5.000 324 2,208 2.132 (1371 73 21LI 2,705 314 2,500 12,7051 13141 1,600 Total Re$trlcted Fund$ 36,065 72.746 12,7051 52,060 TotalAII Funds 243,170 256.190 285,227 214,132 StFroncisottheEngine Room 2023knnuolReport&FinoncialStaternents Page 18
4{c) Summary of Assets and Liabilities by Fund Type atyear-end Unrestrirted Designated Restrirted Endowment fvnds lunds funds funds At At 31112123 31112122 Flxed a$$ets Intangible assets Tangible assets 1,171 37.039 38.210 1,171 37,039 38210 1,176 47.522 48,698 Total fued assets Current assets Debtors Cash at bank and in hand Totalcurrent assets 53299 108,324 161,622 2.050 26,334 28,384 7,925 45,697 53,623 63,274 180,355 243,629 27,001 180,328 207,329 Llabllltles Creditors.. Amounts falling due in one year 64.769 1375 1,562 67,707 12,857 Total net assets less Ilabilitle$ 135,063 27,009 52,060 214,132 243,170 Repr•sented by. Unrestricted General Fund 135,063 135,063 178.249 Designoted church Commissioners Tottenham Cyclingclub Youth Fund ArtFund 5,619 456 17,554 3,380 5,619 456 17.554 3,380 8.619 1,153 19,084 Restrirted St. Botolph's Discretionary Fund St Mary'5 Finchley ReAct Performing Arts Compattyouth Music and Mission Accelerate Project Art4AII Benefact Beacon Lodge Laureus Sport Tottenham Grammarschool Music Bridge Ki London Sport HC-HaleTime Motivate Funding NL-T4T- Together4 Tottenham PGHAR- Ploneer Girlz Haringey HC-MY Training Plan HC-BL¢ilding Bridges Hc-sports Programme 5,327 3,631 2,732 1.264 1,543 887 6.677 372 4,021 5.327 3,631 2,732 1,264 1,543 887 6.677 372 4,021 5,600 3,226 254 928 1.615 7.554 372 4,021 1.860 1,860 1,860 1.046 1,884 2,132 1.046 2,624 1,884 2,132 10.297 4,580 10,297 4,580 1.219 50 314 2.208 2,208 StFronus otthe EngineRoom 2023AnnuolReport& Finonciolstutements Page 19
41c) Summary of Assets and Liabilities by Fund Type atyear-end Icontinuedl HC-Pioneer Girls Inspire Swim England Thrive 11371 2,705 314 2,500 243,170 1,600 52,060 1,600 214,132 Funds ofthe church 135,063 27,009 FIXED ASSETS There is a leasehold agreement between theTrustees lastenantl and the London Diocesan Fund las landlord) executed on 10/10117 permitting use of part of the Ground Floor, Pavilion Six, Hale Village, London N17. The term of this lease is 250 years; a single one-off premium of £1,2001£1,000 plus VATI, was paid during 2018. The full leasehold value was recognised in the 2017 accounts, this has been depreciated on a straight line basis at the rate of £5 for2023. Other fixed assets have been capitalised if they can be used for more than one year, and cost at least £1,000. For 2023 these have been depreciated on a straight-line basis according to their notional useful setvice life, as indicated in the table below. During 2023, there was a purchase of a copier, at a cost of £2,632, that qualified for inclusion within the cost of fixed assets being depreciated. Notional Lrfe {yearsl Initial Remaining 2023 2022 Leasehold Value of ER Site ER Audiovisual System Kitchen Equipment Furniturè Office Computing Equipment Tot)l Fixed Assets 250 244 1,171 1,176 5,609 2,952 38,961 15 35,065 1,974 £38,210 £48.698 The depreciation charged forthe yearwas £13,120 StFronosottheEngine Room 2023AnnuolReport&Fin(rncitilSt¢itements Page 20
DEBTORS As at31112123,the Trusteeswere dueto receivethe following amountsto which they were entitled in relation to 2023 activities.. 2023 2022 HMRC Gift Aid claim Unrestricted 3,395 3,318 Hall l Room Hire charges Café Unrestricted 6,541 2,279 Unrestricted 25374 7,434 Nursery Unrestricted 15,740 7,584 The Bridge Trust Pinnacle Housing Ltd (Prepaid expl Prepaid Expense LVE Foundation Restricted 452 Unrestricted 7.059 5.934 Unrestricted 120 Restricted Total Debtors £63,274 £27,001 7(a) Creditors: Amounts falling due in oneyear Independent Exarn iner's fees are brought into the accounts on a currentyear basis, so that the amount indicated for 2023 represents the anticipated future charge for examination of the 2023 accounts. The accrual of £1,950 for Hall Hire deposits represents £850 being held for ongoing long-term hirers, and a contingency of£l,100 forshort-tenn hires. 2023 2022 Independent Examiner's fees Veolia- Heating bills INov- Dec 20231 British Ga5- Electricity bi115 (Dec 2022- Sep 20231 Water 1.800 1,740 4,005 3,406 44,071 Hall Hire deposits Miscellaneous invoices pending Deferred Income 1,950 3,350 4,351 3,430 11.440 Agency collection Totsl Liabilities 90 90 67.707 E12,857 StFronusat theEngine Room 2023AnnuulRewrt&Finoncl(yIStatements Poge 21
(bl Diocesan parish contrlbution The PCC has offered to pay a total of£lS,(XIO to the Diocese of London during 2023, as its"Common Fund. contribution. As shown in Note 3lb), this was paid in full. This payment represents a share of the total cost of clergy stipends, clergy housing, and Diocesan support. The PCC has offered to pay £17,000 Common Fund contribution tothe Diocese during2024. STAFF COSTS AND EMPLOYEE BENEFITS 2023 2022 Wages and salaries (Gloss Employer Social security costs (Grossl Employer social security costs INetl Employer pension contributions £84,749 £74,383 £4,688 £238 £4,009 £3,921 Average numberofemployees Equivalent full-time employees IEFI) The Net employer social security cost is the cost after deduction ofthe Government'5 NIC5 EmploymentAllowancewhich has been claimed bythe PCC. Entitlementwithin this allowancewas processed directly by the contracted payroll processing organisation. Forthe fiKal year 2023124, the limit of this allowance available to the PCC was £5,000- for 2024125, the limit remains the same as £5,000. The people employed throughoutthe yearbythe Pccwere as follows: Operations Director. Parish Administrator, church community worker, caretsker. Accelerate Project coordinator and Compact youth worker. No employee ofthe PCC received total remuneration {excludingemployer pension costs) exceeding £60,000, The PCC and the Operations Directorare considered to be the key management personnel of the charity, There were no employee benefits to keymanagement personnel in the previous orcurrent years. RELATED PARTIES During2023, no membersof the PCC were paid forservices rendered, or had personal out-of-pocket expense5 reimbursed. Donations from related parties IPCC members) totalled £2,820.00 as general congregational giving. StFron¢isotlhe EngineRoom 2023Annut71Report&FinanciolStotements Page 22