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2021-12-31-accounts

11 Parish of Hackney Annual Report and Accounts 2021

REFERENCE AND ADMINISTRATIVE
INFORMATION		 REFERENCE AND ADMINISTRATIVE
INFORMATION
CHARITY NAME The Parochial Church Council ofthe Parish of Hackney (also known as Hackney
Church)
CHARITY NUMBER 1158545
CORRESPONDENCE Hackney Church
House
ADDRESS 1 Spiller House, Prodigal Square
London E81FX
TRUSTEES Members ofthe Parish Church Council (PCC) who served from 1January 2021to
31December 2021
Rev'd Al Gordon - Rector
Rev'd Mark Nelson -Associate Rector
Rev'd Tosin Oladipo —Curate to May 2021
Rev'd Christa Brodie-Levinsohn from July 2021
Rev'd Naomi Maxwell from July 2021
Annotinette
Bramble —Churchwarden
Jennifer Jamie —Churchwarden from May 2021
John Parmiter —Churchwarden to May 2021, Deanery Synod Representative
from May 2021
Vera Preedy - Licenced Lay Minister, Lay Vice Chair to May 2021
John Roe —Licenced Lay Minister
Miriam Gallacher —Diocesan Synod Representative to June 2021
Temitope Taiwo —General Synod Member from October 2021
John Geach - Deanery Synod Representative
Tim Last - Deanery Synod Representative
Temi Obembe - Deanery Synod Representative from May 2021, co-opted to
May 2021
Peter Ottino - Deanery Synod Representative
Olufisayo
Sonuga - Deanery Synod Representative
Elected members
Rebecca Adlington
Yaa Appiah-Badu
Martyn
Bearfoot
Ruth Best - Secretary
Michelle Fontaine
John Fyson
Linda Harris
Sam Lawson Johnston
—Treasurer to May 2021,		 Lay Vice Chair from 2021
Dave Lochhead
Rachel Millar from May 2021
James Mumford to May 2021
Patricia Musgrave
Laura Napper from May 2021

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GROUP Hackney Church
FIXEDASSETS Note 2021
6		 2020
6		 2021
6		 2020
8
Investments
Tangible assets
CURRENT ASSETS		 12
8		 94,575
827,789
922,364		 81,600
1,030,864
1,112,464		 94,575
376,167
470,742		 81,600
586,114
667,714
Current account &
Church of England
Debtors
Prepayments		 Cash on Hand
Cash Deposit fund		 348,684
252,839
227,425
7,622
836,570		 212,831
502,839
143,121
15,872
874,662		 317,991
252,839
263,701
8,122
842,653		 185,805
502,839
232,397
16,872
937,913
LIABILITIES:AMOUNTS FALLING DUE
WITHIN ONE YEAR 13(a) (340,840) (307,143) (288,750) (328,242)
NET CURRENTASSETS 495,730 567,519 553,903 609,671
LIABILITIES:AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR 13(b) (1,000,000) (1,000,000) (1,000,000) (1,000,000)
NET ASSETS 418,094 679,982 24,645 277,385
FUNDS 9
Unrestricted
Designated
Restricted
Designated
Non-Charitable
Restricted
Reserves ofthe		 Trading Reserves
Consolidated
Charity		 (152,878)
111,125
66,398
(48,717)
442,166		 48,156
165,444
63,785
(58,564)
461,161		 (111,478)
111,125
24,998		 48,156
165,444
63,785
418,094 679,982 24,645 277,385

Parochial Church Council ofHackney Church
Consolidated
Cash Flow Statement
For the year ended 31December 2021
Group
2021 2020
Cash Flowsfrom Operating
Activities:		 Note E E
Net Expenditure
for the Year
Adjustments
for:		 (261,889) (740,045)
Depreciation
Dividend
and Interest Income from Investment
Activities
Unrealised
(Gains) on Investment
Assets
Net expenditures
on Building Restoration
Project
Less Grants Received as Financing Activities
(Increase)/Decrease
in operating
activity debtors
Decrease/(Increase)
in operating
activity prepayments
Increase/(Decrease)
in operating
activity creditors
Net Cash Flow from Operating
Activities:		 8
2(d)
11
11
13		 245,781
(1,224)
(12,973)
22,379
(240,233)
(141,044)
8,250
62,373
(318,582)		 133,946
(5,161)
(6,574)
2,041,660
(594,890)
155,015
(2,903)
(191,431)
789,617
Cash Flowsfrom Building Restoration
Project:
Net expenditures
from Building Restoration
Project
Decrease in Building Restoration
debtors
Decrease
in Building Restoration
prepayments
(Decrease) in Building Restoration
creditors
Net Cash from Bugding project Activities:		 3(b)
11
13a		 (22,379)
56,739
(28,676)
5,683		 (2,041,660)
555,865
240,240
(241,715)
(1,487,271)
Cash Flows from Investing Activities:
Purchase ofother fixed assets
Gift ofLeasehold
Property
Interest received on Investment
Activities
Net Cash from Investing Activities:		 8
8
2(d)		 (42,705)
1,224
(41,481)		 (690,145)
(450,000)
5,161
(1,134,984)
Cash Flows from Financing
activities:
Grants received
in Current Year from Financing
Activities
Net Cash Flows from Financing activities:		 240,233
240,233		 594,890
594,890
Net Decrease in Cash and Cash equivalents (114,147) (1,237,748)
Movement
in cash and cash equivalents:
Net Decrease in cash and cash equivalent
Cash and cash equivalents
at beginning
ofperiod		 (114,147)
715,670		 (1,237,748)
1,953,418
Cash and cash equivalent
asat end ofPeriod		 601,523 715,670

2 CONSOI.IDATED INCOME
2(a) Congregation
Giving		 Unrestricted
Funds
E		 Designated
Funds
6		 Restricted
FIIIIIIs
6		 TOTAL FUNDS
2021
E		 TOTALFUNDS
2020
E
Regular donations
One-off donations
Collections (open plate) at all services
Gift Aid from HMRC
2(b) Charitable
activities		 465,041
293,158
8,223
127,467
893,889		 51,159
40,650
13,270
105,079		 516,200
333,808
8,223
140,737
998,968		 376,708
321,023
10,840
132,361
840,932
Church Events
Wedding,
baptism
and Funeral Fees
2(c) Other Funds Generated:		 19,411
5,194
24,605		 53
53		 19,464
5,194
24,658		 289
104
393
Property income
Grants
Bursary and Support Income		 126,257
127,220		 20,558
240,233		 146,815
367,453		 166,329
659,166
Resource Church Income
Listed Places ofWorship Tax Refund
Heritage
Lottery Fund Grant		 25,969
2,115		 773 25,969
2,888		 500
25,319
92,632
281,561 261,564 543,125 455,566
1,399,512
2(d)
Investments
Investment
Interest
Dividend
Income
Bank interest
2(e) Otherlncome		 2
737
485
1,224		 2
737
485
1,224		 13
711
4,437
5,161
Other Income 20,590 20,590 46,133
2(f) Trading Activity Income
HEEL
SIHT		 356,544 356,544
9,800 9,800 22,437
Total ConsoBdated
Income		 1,221,869 356,544 S76,496 1,954,909 2,314,568
3CONSOLIDATED EXPENDITURE
Unrestricted Designated Restricted TOTALFUNDS TOTALFUNDS
3(a) Church Activities Frrrrds
6		 Funds
6		 Funds
E		 2021
6		 2020
E
Outreach / Giving to other Organisation
s
Evangelism
Expenses
Wider Christian
Community
Support
Sunday. Digital and Special Services
Clergy Expenses
Premises,
Building and Maintenance
costs
Administration
and Central Costs
Worship and Prayer Ministry
Families, Students,
Youth and Children
Discipleship
Expenses
Church
Event Expenses
Miscellaneous
Expenses
Total Church Activities		 3,536
30,633
80,232
347,188
10,033
365,554
294,300
93,414
62,035
34,030
83,061
9,481
1,413,497		 27,341
807
26,171
54,319		 132,944
32,572
58,060
59,594
18,028
69,547
7,439
900
379,084		 136,480
30,633
80,232
407,101
10,033
424,421
380,065
111,442
131,582
41,469
83,061
10,381
1,646,900		 214,429
29,786
106,484
262,682
6,245
290,337
261,717
87,515
84,215
18,083
14,173
3,966
1,379,632
3(b) Bugdlngand
Property Expenditures
Church
Bugding Restoration
Project		 22,379 22,379 2,041,660
3(c) Trading Acthdtles
HCEL
SIHT		 346,697 13,795 346,697
13,795		 89,895
Total ConsoRdated
Expenditure		 ZPI35,876 401,016 392,879 2,229,771 3,511,187

2021 2020
E
Venue Hire
Music Event Income 32,825 625
Floristry Sales
Other Income		 322,895
407		 20,000
1,714
TotalTurnover 417 98
356,544 22,4$7
Operating
Expenditures
General Expenses
Legal Costs		 4,392 466
Music Consultants 12 3,350
Event Marketing
and Communications
Music Event Expenses
Floristry Marketing
and Communications		 1,876
2,585
280,113		 7,000
1,097
Floristry Materials 2,582
Use of Hackney Church staff
Depreciation		 441
56,676		 1,076
65,430
Total Operating
Expenditures		 602
$46,697		 $1,001
Net Profit/(Loss)
Retained
in HCEL		 9,847 (58,564)
Distributions
tothe		 Parish ofHackney
Accumulated
(Loss)		 Brought Forward (58,564)
fond:harhable
Trading		 Reserves (4$,717) (58,564)

oug
e objectives ofthe		 charity are aggned to the churchtheParish ofHkd
, acney an SJHTtransact as independent entities.
2021 202D
Income 6 E
Donations
Rental income
Gift ofLeasehold Property 36,200 20,000
Total Income 450,000
36,200 470,000
Expenditures
Administration
Expenses
Repairs and Maintenance		 2,016 60
Grants Distributed 2,779 3,584
Deprecation ofLeasehold
Total Expenditures		 Buildings 41,400
9,000
55,195		 5,250
8,894
Net (Deficlt)/Surplus
Retained		 In SJHT
Accumulated
Surplus Brought Forward		 (18,995)
461,161		 461,106
55
Charitable
Trading Reserves
461,161

10 ANALYSIS OF ASSETS BYFUND
Unrestricted Designated Restricted
Funds Fenrir Funds Total
10(a)Group Assets by Fund 6 E
Leasehold Properties
Fixed Assets for church use
Fixed asset Investments
Current Assets
Liabgities due within one year
Uabigtles due after one year
Total Group Assets by Fund		 282,968
63,838
752,315
(251,998)
(1000,000)
(152,878)		 96,140
30,737
(13,699)
(50,770)
62,408		 435,750
12,931
97,954
(38,072)
508,564		 435,750
392,039
94,575
836,570
(340,840)
(1,000,000)
418,094
Unrestricted Designated Res!rlcted
Funds Funds Funds Total
10(b)PCCAssets by Fund E 6
Fixed Assets for church use
Fixed asset Investments
Current Assets
Uabgltles due within one year
Llabgitles dua after one year
Total PCCAssets by Fund		 282,968
63,838
793,714
(251,998)
(1,000,000)
(LLLFITB)		 80,2M
30,737
120
111,125		 12,931
4S,819
(36,752)
24,998		 376,167
94,575
842,653
(288,750)
(1,000,000)
24,645
11DEBTORS AND PREPAYMENTS
Group 2021 Group 2020 PCC2021 PCC 2020
Debtors E 8 6 E
Gift Aid tax recoverable
Grants Receivable
Amounts
Due from HMRC for VAT Receivable
Amounts
Due from Usted Places ofWorship
Amounts
Due from Heritage lottery Fund
Amounts
Due from Saint Music Collective
Amounts
Due from SAINT churches
Accounts Receivable
Amounts
Receivable from HCEL		 11,739
69,101
2,887
20,811
11,100
34,316
54,916		 10,805
3,799
6,244
77,550
31,922		 11,739
69,101
2,887
20,811
11,100
34,316
21,283		 10,805
6,244
77,550
31,675
Amounts
Recelvable from SIHT		 69,315 89,172
Other Debtors
Debtors forthe year ended 31December 2021		 22,555
227,425		 12,801
143,121		 1,562
21,587
263,701		 16,951
232,397
Prepayments
and Oeposks
Rental Prepayments
for Curate Housing
Other Prepayments
for Church Activities
Prepayments
forthe year ended Sl December 2021		 1,688
5,934
7,622		 1,573
14,299
15,872		 1,688
6,434
8,122		 1,573
15,299
16,872

(a) LIABILITIEEBAMOUNTS FALLING DUE WITHIN ONE YEAR
Group PCC
2021 2020 2021 2020
Accounts
Payable
Amounts
Payable to SJHT
Amounts
Payable to Employees for Expenses
Other Creditors
PAVE and Nl due to HMRC
VAT Payable
Audit Fee
Rental Deposits held
Other Accruals		 E
74,221
55
212,141
16,464
16,329
13,330
6,425
1,875		 E
78,625
818
185,286
19,269
12,950
8,300
1,895		 6
71,686
55
153,090
16,464
25,825
13,330
6,425
1,875		 E
77,222
17,316
818
185,286
19,269
5,186
12,950
8,300
1,895
340,840 307,143 288,750 328,242
b) LIABILITIES:AMOUNTS FALLING DUE AFTER ONE YEAR
Group PCC
2021 2020 2021 2020
Long Term Loan E
1,000,000		 E
1,000,000		 E
1,000,000		 E
1,000,000
1,000,000 1,000,000 1,000,000 1,000,000