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|Con|tent|s||HO
HO|
|---|---|---|---|---|
|Forthe|year|ended 31"December 2021|||
|||||Page No.|
|||Report ofthe Parochial
Church|Council|01 —08|
|||Independent
Examiner's
Report||09|
|||Statement of Financial Activities||10|
|||Balance Sheet|||
|||Statement ofCash Flows||12|
|||Notes to the Financial Statements||13—22|
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|Church Staff in 2021|||
|---|---|---|
|Vicar's PAk Good Company|Lead|Jo Minton (Part-time)|
|Youth Lead, Communications|Xfinance|Chris Kettle (Full-time)|
|Community
Lead||Sue Wood (Full-time)|
|Children &Families Lead||Emily Evans (Part-time —job share)|
|Children k, Families Lead||Dee Sheady (Part-time —job share)|
|Lay Minister||Wendy Fay (Voluntary)|
|||Gena Smith (Voluntary —from 1/9/2021)|
|Buildings
Manager||Graham Neilson (Voluntary)|
|Placement
Students||Victoria Bruce|
|||Jake Steell|
|||Jordan Ferrier|
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|Vision and|Vision and|Mission Action Plan|Mission Action Plan|Mission Action Plan|||||
|---|---|---|---|---|---|---|---|---|
|In January||we launched
our new Mission|||Action Plan having
sought the|||Lord's direction for the next|
|3years.|||||||||
|||||Mission Action Plan 2022-2025|||||
|WORKING|TOWARDS THE VISION||||||||
|PLIRPOSE|||||Love Jesus, Love Our Church, tave aur Community||||
|VALLIES||Christ-centred||||Cornrnunity||Connect|
|BEHAVIOUR||Our rome isalways on Jesus and we||seek||We area mmmmityof
peoplewhereafi||We seek to be brave andmurageous
in|
|||tofacilitate Jesus enmunters
so broken||||are wehomed, cherished, arcspted and||mnnecting
with thme who live and work|
||||lives can be transformed
by the Holy|Spirit,||valued; meeting
in arelaxed
atmosphere||locally by making the gaspel accessible and|
||||prayer and woIship. The bible isour|||where God isglorified, with all ages,||relevant
in this mIdticultreal
and diverse part|
||||reference
point. We are seeking togrow|||ethIdcities and backgromds
actively involved||orWest London. We believe inteamwork|
|||asChrist folknvers and equip &invest
in||||inthe Ire ofour church family.||and partnership
aswe invest in individuals,|
||||people, sothey can be afi Ged iscalfing thern|||We want oer buildings to bless the||groups and ninistr iesta bring practical Imo|
|||tobe.||||whole community
racilitating
people||and
kingdom
gneeth. We have a big heart for|
|||||||to meet with God, to make friends and||the marginalsed
and through
the power or|
|||||||live life better.||the Holy Spirit we seek to be change agents|
|||||||||inner locelmmmudty.|
|VISION|||We want ta bea visible, grawlng and thriving community
where people came and|||||find transfarmatian
aftheir lives In Jesus|
|Mlsslorr|FocLls
Loving our Local Community|||||Youth &Children||Discipleship
&Belonging|
|||~|Initiatives ta reduce the risk of|people||~
Investing
ln children and families||~
Initiatives ta help drlldren,
young|
|GOALS FOR THE|||getting Inta poverty
ln aur local|||~
Toconsolidate
our youth work and||people, and adults ta ga deeper in|
|IVEXT 3 YEARS|||community|||develop partnershlps
ta establish||faith &relationship
with each other|
|||~|Tadevelap
new warshlpping|||angaingyauth
activities||~
Developing our warship services by|
||||communities
out ofour Good|||~
Taattract the missing generation||em powerlng the full body ofthe|
||||Shepherd
Location|||Errs &3O's with new initiatives||church ta play their part in services,|
|||~|Taexplore &seek Gad's guidance
re
the possibility ofa So lacatlan
(church|||||mission and ministry.
~
Tafacilitate encounters
with nous|
||||plant)|||||through
prayer, preaching,
warship,|
|||~|Prodalmlng
the gospel ofJesus|to||||biblical teaching and creativity|
||||those wha dan't yet know Him||||||
|Mission|||By God's|||grace, we express the transforming|love ofJesus||
|STATEMEIVT|||by seeking fo meet|the|spiritual,
practical, emotional
and social||needs ofour local community.||
|Our Bible Passage for this year is Romans
15: 13:"May the God of hope fill you with all joy and
peace as you trust in him, so that you may overflow with hope by the power ofthe Holy Spirit. ".|||||||||
|In this|season of||covid, job loss, health|worries, mental health troubles increasing
etc we look to Jesus|||||
|—the God||of hope to fill us with joy||and||peace as we chose to trust||in Him during
this uncertain|
|season.|||||||||
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|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||Note|Funds|Funds|Funds|Funds|Funds|Funds|
|INCOME FROM:|||||||||
|Donations
and legacies|||||||||
|Voluntary
Income from donors|||122,089|42,261|164,350|98,136|22,083|120,218|
|Other voluntary
income|||14,833|40,836|55,669|34,488|42,202|76,690|
||||136,922|83,097|220,019|132,624|64,285|196,908|
|Charitable
activities|||22,576||22,576|6,830||6,830|
|Investment
income|||35||39|25|37|62|
|Furlough
income||||||3,925||3,925|
|TOTAL INCOME||2|159533|83101|242 634|143,404|64,322|207,725|
|EXPENDITURE ON:|||||||||
|Charitable
activities|||156,282|90,056|246,338|133,390|39,962|173,352|
|TOTAL EXPENDITURE||3|156282|90056|246 338|133,390|39,962|173,352|
|Net income I(expenditure)|||3,251|(6,955)|(3,704)|10,014|24,360|34,373|
|Gross transfers
between|funds||(9,645)|9,645||(2,930)|2,930||
|Net movement
in funds|||(6,394)|2,690|(3,704)|7,084|27,290|34,373|
|Other recognised
gains|and losses||||||||
|Gain on investment
asset|||13,440||13,440|8,634||8,634|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought
forward|||128,538|90,080|218,618|112,821|62,790|175,611|
|TOTAL FUNDS CARRIED FORWARD||13|135584|92770|228 354|128538|90080|218617|
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|||2021||2020||
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible fixed assets|9|24,779||1,950||
|Investments|10|71,698||58,258||
||||96,477||60,208|
|Current assets||||||
|Debtors||13,288||4,453||
|Cash at bank and in hand||131,559||162,761||
|||144,847||167,214||
|Creditors: falling due within one year|12|(12,970)||(8,804)||
|Net current assets|||131,877||158,410|
|Net assets less current liabilities|||228,354||218,617|
|TOTAL NET ASSETS|||228 354||218,617|
|RESERVES||||||
|Restricted funds|13|||||
|Children's
worker||0||2,123||
|The Hub||11,052||21,905||
|Foodbank||58,439||29,366||
|Kitchen||7,574||7,574||
|Good Company||5,254||||
|Spire Project||9,859||28,519||
|Kick Academy||0||||
|Mission||0||||
|Youth Sleepout||0||||
|Flooring||592||592||
||13||92,770||90,079|
|Unrestricted
funds|14|||||
|General fund|||135,584||128,538|
|TOTAL FUNDS|||228 354||218617|
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|Forthe year ended 31st|December|2021|2021|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Notes||||
|Cash flows from operating|activities||||19|(3,280)|35,568|
|Cash flows from investing|activities|||||||
|Purchase offixed assets||||||(27,921)|(2,128)|
|Cash flows from financing|activities|||||||
|Change
in cash and cash|equivalents|in|the year|||(31,201)|33,440|
|Cash and cash equivalents|at beginning||ofyear|||162,760|129,320|
|Cash and cash equivalents|at end of|year||||131,559|162,760|
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|Forthe year ended 31stDecember|Forthe year ended 31stDecember|Forthe year ended 31stDecember|Forthe year ended 31stDecember|Forthe year ended 31stDecember|Forthe year ended 31stDecember|2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2.|INCOME||||||||||||
|||||||||2021|||2020||
||||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||||||Funds|Funds|Funds|Funds|Funds|Funds|
|Voluntary
income|||from||donors||||||||
|Standing
Orders|||||||||||||
||direct||||||69,285|1,330|70,615|68,870|820|69,690|
||via charitable||agencies||||18|500|518|185|8,352|8,537|
|Single|gifts||||||||||||
||direct||||||28,977|36,223|65,200|8,435|8,885|17,320|
|Income tax recoverable|||||||19,528|1,435|20,963|16,377|500|16,877|
|Collections at all services|||||||4,281|2,773|7,054|4,268|3,526|7,794|
||||||||122,089|42,261|164,350|98,135|22,083|120,218|
|Other|voluntary|income|||resources||||||||
|Grants|||||||||||||
||Other||||||14,336|40,836|55,172|34,246|42,202|76,448|
|Other|income||||||||||||
||Spire and Stonework||||||||||||
||Holiday Club|||||||||(45)||(45)|
||Play Cafe||||||12||12|155||155|
||Cafe|||||||||25||25|
||Youth Work||||||100||100||||
||Stewardship||Account||||||||||
||Church Weekend|||Away|||385||385|107||107|
||||||||14,833|40,836|55,669|34,488|42,202|76,690|
|Total donations||and legacies|||||136,922|83,097|220,019|132,623|64,285|196,908|
|Incoming resources from charitable||||||activities|||||||
|Fees|||||||3,340||3,340|370||370|
|Church|hall lettings||||||19,236||19,236|6,460||6,460|
||||||||22,576||22,576|6,830||6,830|
|Investment
income|||||||||||||
|General fund|||||||35||39|25|37|62|
||||||||35||39|25|37|62|
|Other|income||||||||||||
|Coronavirus
Job||Retention Scheme Grant||||||||3,925||3,925|
|||||||||||3,925||3,925|
|Income from charitable|||||activities||22 611|4|22615|10780|37|10817|
|TOTAL INCOME|||||||159533|83 101|242 634|143,403|64,322|207,725|
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|Forthe year ended 31stDecember|Forthe year ended 31stDecember|2021|||||||
|---|---|---|---|---|---|---|---|---|
|3.
EXPENDITURE|||||||||
|||||2021|||2020||
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|Funds|Funds|Funds|
|Grants (note 4)|||||||||
|Christian
relief and development|||2,434|5,068|7,502|3,701|189|3,890|
|Home mission
and school|||||||||
||||2,434|5,068|7,502|3,701|189|3,890|
|Activities directly relating to the|activities of||the church||||||
|Common
Fund —Parish standard|cost||52,721||52,721|40,000||40,000|
|Additional
clergy and parish costs|||696||696|21,120|2,551|23,671|
|Children's
and youth work|||1,156|7,867|9,023|1,471|2,102|3,573|
|Church|||1,637|5,838|7,475|27,518|6,935|34,453|
|Events expenditure
(note 7)|||1,603|194|1,797|1,290||1,290|
||||57,813|13,899|71,712|91,399|11,588|102,987|
|Support costs (note5)|||||||||
|Administrative
staff|||30,686|54,475|85,161|20,009|27,940|47,949|
|Communication
and publicity|||2,336||2,336|532|125|657|
|Church
office(lncl Repairs -General)[see||below]|49,916|16,614|66,530|10,054|121|10,175|
|Bank charges|||298||298|216||216|
|Depreciation|||5,092||5,092||||
|Governance
costs —audit fees|||7,707||7,707|7,479||7,479|
||||96,035|71,089|167,124|38,290|28,186|66,476|
|TOTAL EXPENDITURE|||156282|90056|246 338|133390|39963|173353|
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|||||2021||||2020||
|---|---|---|---|---|---|---|---|---|---|
||||Support of|||||||
||||overseas|Christian||||||
||||missionaries|relief &|Home|||||
||||(incl short term)|development|mission|Total||Total||
|To Institutions||||||||||
|ASHA —donation||||500|||500|||
|Transforming||Lives for Good||150|||150||900|
|Hope for Justice|||||||||625|
|Operations|Mobilisation||||||||742|
|Crosslight|-LYN||||4,988|4,988||||
|Other||||||||||
|Various grants||less than E1,000||750|||750|||
|To individuals||||||||||
|Various grants||less than E1,000||1,034|80|1,114||1,623||
|Total||||2,434|5,068|7,502||3,890||
|Being||||||||||
|Unrestricted|Fund|||||2,434||3,701||
|Restricted|Fund|||||5,068|||189|
|||||||7|502|3,890||
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||||25%|15%|25%|10%|25%|||
|---|---|---|---|---|---|---|---|---|---|
||||Children' s||Youth|Events|||Basis of|
||||Worker|Pastoral|Work|Expenditure|Worship|Total|allocation|
||||f|f||||||
|Administrative||staff|21,290|12,774|21,290|8,516|21,290|85,161|usage|
|Communication||and publicity|584|350|584|234|584|2,336|usage|
|Church office|||16,633|9,980|16,633|6,653|16,633|66,530|usage|
|Bank charges|||75|45|75|30|75|298|usage|
|Depreciation|||1,273|764|1,273|509|1,273|5,092|usage|
|Governance|costs —audit fees||1,927|1,156|1,927|771|1,927|7,707|usage|
||||41,781|25,069|41,781|16,712|41 781|167124||
##
|6.
RESO|URCES EXPENDED INCLUDE|||
|---|---|---|---|
|||2021|2020|
|Diocesan Common
Fund||52,721|40,000|
|Hire of plant|and machinery|||
|Independent|examiner
&accounting fees|5,160|5,400|
|||57,881|45,400|
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||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Incoming|Resources|Net Income|Incoming|Resources|Net Income|
|||resources|expended|I(spend)|resources|expended|I(spend)|
||||||||E|
|Focus|||0|0||||
|Sleepout Challenge|||0|0|||0|
|Other events|||(1,797)|(1,797)||(1,290)|(1,290)|
||||1 797|1 797||1,290|1,290|
|Being||||||||
|Unrestricted|Fund||(1,603)|(1,603)||(1,290)|(1,290)|
|Restricted|Fund||(194)|(194)||0|0|
||||1 797|1 797||1 290|1 290|
##
|working
for the|church
during the year was as follows;||||
|---|---|---|---|---|
||||2021|2020|
|Lay ministers|||||
|Administration|||||
|Total|||||
|No employee|was paid more than f60,000.The aggregate|payroll costs were as follows;|||
|Wages and salaries|||67,817|66,269|
|Social security|costs||||
|Other pension|costs||3,509|1,630|
||||71,326|67,899|
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|9.
TANGIBLE FIXEDASSETS|9.
TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
|||Computer|Fixtures|&|||
|||equipment|Fittings||Total||
|Cost or valuation|||||||
|At beginning
ofyear||23,813||4,134||27,947|
|Additions||11,784||16,137||27,921|
|Disposals|||||||
|At the end ofthe year||35,597||20,271||55,868|
|Depreciation|||||||
|At beginning
ofyear||21,863||4,134||25,997|
|Disposals|||||||
|Charged
in year||3,478||1,614||5,092|
|At the end ofthe year||25,341||5,748||31,089|
|Net book value|||||||
|At 31 December|2021|10,256||14,523||24,779|
|At 31 December|2020|1,950||||1,950|
|10.
FIXEDASSET|INVESTMENTS||||||
||||2021||2020||
|Investment||||71,698||58,258|
|||||71698||58,258|
|11.
DEBTORS|||||||
||||2021||2020||
|Trade debtors||||3,941||500|
|Gift Aid recoverable||||4,265||2,548|
|VAT Recoverable||||3,428||417|
|Prepayments
and accrued income||||1,654||988|
|||||13,288||4,453|
|12.
CREDITORS DUE WITH ONE YEAR|||||||
||||2021||2020||
|Trade creditors||||6,679||2,633|
|Social Security and other taxes||||892||830|
|Accruals and deferred|income|||5,399||5,341|
|Other creditors|||||||
|||||12,970||8,804|
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|13.
UNRESTRICTED|13.
UNRESTRICTED|AND RESTRICTED|—MOVEMENT|IN FUNDS||||
|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources||Balance at|
||||31Dec 2020|Resources|Expended|Transfers|31 Dec 2021|
|Unrestricted
Funds:||||||||
|General
Fund|||95,372|159,533|(156,282)|(9,645)|88,978|
|Other recognised|gains|and losses||||||
|Gain on investment|asset||33,166|13,440|||46,606|
|Total unrestricted|funds||128,538|172,973|~156,282|~9,645|135,584|
|Restricted Funds:||||||||
|Children's
worker|||2,123|0|(9,207)|7,084|0|
|The Hub|||21,905|0|(10,853)|0|11,052|
|Foodbank|||29,366|67,978|(38,905)|0|58,439|
|Kitchen|||7,574|0|0|0|7,574|
|Good Company||||11,279|(6,025)|0|5,254|
|Spire Project|||28,519|4|(18,664)|0|9,859|
|Kick Academy||||3,840|(6,401)|2,561|0|
|Mission||||0|0|0|0|
|Flooring|||592|0|0|0|592|
|Youth Sleepout||||0|0|0|0|
|Total restricted funds|||90,079|83,101|~90,055|9,645|92,770|
|Total funds|||218,617|256,074|~246,337||228,354|
|14.
UNRESTRICTED||FUND||||2021|2020|
|||||||f|f|
|Reserves at the beginning||ofthe year||||128,538|112,821|
|Net (outgoing) Iincoming||reserves||||7,046|15,717|
|Reserves at the end ofthe year||||||135,584|128,538|
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||Children' s|||Spire||||
|---|---|---|---|---|---|---|---|
||Worker|Foodbank|Kitchen|Project||The Hub|Sub total|
|As at 31December 2021||||||||
|Cash at bank and in hand||58,439|7,574|9,859||11,052|86,924|
|Debtors||||||||
|||58,439|7,574|9,859||11,052|86,924|
|Current creditors||||||||
|Net current assets||58,439|7,574|9,859||11,052|86,924|
|Fixed assets||||||||
|||58,439|7,574|9|859|11052|86924|
||Children' s|||Spire||||
||Worker|Foodbank|Kitchen|project||The Hub|Sub total|
|As at 31 December 2020||||||||
|Cash at bank and in hand|2,123|29,358|7,574|28,519||21,905|89,479|
|Debtors||8|||||8|
||2,123|29,366|7,574|28,519||21,905|89,487|
|Current creditors||||||||
|Net current assets|2,123|29,366|7,574|28,519||21,905|89,487|
|Fixed assets||||||||
||2 123|29366|7574|28|519|21 905|89487|
||Good|Kick||||||
||Company|Academy|Mission|Flooring||General|Total|
|As at 31December 2021||||||||
|Cash at bank and in hand|5,254||||592|38,789|131,559|
|Debtors||||||13,288|13,288|
||5,254||||592|52,077|144,847|
|Current creditors||||||(12,970)|(12,970)|
|Net current assets|5,254||||592|39,107|131,877|
|Fixed assets||||||96,477|96,477|
||5254||||592|135584|228 354|
||Good|Kick|||||
|---|---|---|---|---|---|---|
||Company|Academy|Mission|Flooring|General|Total|
|As at 31 December 2020|||||||
|Cash at bank and in hand||||592|72,690|162,761|
|Debtors|||||4,444|4,452|
|Current creditors||||592
0|77,134
~8.804|167,213
~8.804|
|Net current assets||||592|68,330|158,409|
|Fixed assets||||0|60,208|60,208|
|||||592|128538|218617|
##
##
|19.
RECONCILIATION|OF NET INCOME|/ (EXPENDITURE) TO||
|---|---|---|---|
|NET CASH FLOWS FROM OPERATING ACTIVITIES|||2021|
|Net income/(expenditure)|for year||9,736|
|Depreciation|||5,092|
|(Gain) / Loss on investment
asset|||(13,440)|
|(Increase)
/ decrease
in|debtors||(8,834)|
|Increase
/ (decrease) in|creditors||4,166|
||||(3,280)|
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