# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

# **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2020** 

**Charity Number: 1165288** 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2020** 

|**Contents**|**Page**|
|---|---|
|Legal and administrative information||
|Report of the trustees|1-3|
|Report of the independent examiner|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the Financial Statements|7-12|
|Report of Chair of PCC for 2020|13-15|





## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Parish Church Council at 31[st]** Revd Dr Emmanuel Adeloye - chair **December 2020** Miss Winifred Jordan Ms Althea Smith Mrs Janet Helder Miss Linda Smith Mrs Rosemary Hill Mrs Sharon Gabriel Mr Chukwuemeka Nzewi Mrs Maria Gabriel Ms Donna Mortley Ms Ana Baena Mr Luis Vega-Polido Ms Betty-Ann Stultz Mrs Patricia Williams **Charity office** 10a Meeting House Lane London SE15 2UN **Independent Examiner** David Barber Jubilee House 10 Moat Sole Sandwich CT13 9AU **Accountants** Accountancy Aid Ark House 24-26 Cherry Orchard Road Bromley, Kent BR2 8NE 



1 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **REPORT OF THE TRUSTEES** 

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31[st] December 2020. The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015). 

## **TRUSTEES** 

The trustees named on page 1 have served throughout the year.  Appointment of trustees is governed by the Trust Deed of the charity.  The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. New trustees undergo an orientation day to brief them on: their legal obligations under charity law, the Charity Commission guidance on public benefit, and inform them of the content of the governing document and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Parochial Church Council is formed under the Church of England Assembly (Powers) Act 1919 and Parochial Church Council (Powers) Measure 1956 as amended and is currently regulated by Church Representation Rules Schedule 3 of the Synodical Government Measure 1969 as amended 

## **OBJECTS OF THE CHARITY** 

The charity has the responsibility of co-operating with the incumbent in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church buildings 



2 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **REPORT OF THE TRUSTEES - continued** 

## **RISK REVIEW** 

The trustees conduct periodic reviews of the major risks to which the charity is exposed and systems and procedures to manage those risks identified are implemented so as to minimise any potential impact on the charity should any of those risks materialise. 

## **RESERVES POLICY** 

The trustees consider the current level of reserves is sufficient to cover eventualities as they arise. 

## **PUBLIC BENEFIT** 

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

## **PRINCIPAL OBJECTIVES AND ACTIVITIES** 

The objects of the charity are promoting in the Parish the whole mission of the Church. 

## **ACHIEVEMENTS AND PERFORMANCE** 

Please see page 13 - Report of Chair of PCC 



3 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **REPORT OF THE TRUSTEES – continued** 

## **Financial Review** 

Total income in the year was £79,189 (2019 £93,233) and total expenditure £58,294 (2019 £64,569) During the year expenditure on essential church renovations continued costing £24,290 bringing the cost to £789,217 and this is being carried forward as a tangible fixed asset. The charity has sufficient funds to meet its ongoing obligations. 

## **Parochial Church Council’s Responsibilities** 

The law applicable to charities in England and Wales requires the Parochial Church Council to prepare financial statements for each financial year, which give a true and fair view of the church’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the Parochial Church Council is required to: 

(a) select suitable accounting policies and apply them consistently; 

(b) observe the method and principles in the Charities SORP 

(c) make judgements and estimates that are reasonable and prudent; (d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business; and (e)state whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements. The Parochial Church Council has overall responsibility for ensuring that the church has appropriate systems of control, financial or otherwise. They are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and which enable them to ensure that the financial statements comply with the Charities Act 2011, they are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

**Approval** This report was approved by the trustees on 6[th] May 2021 

## _Revd Dr Emmanuel_ Adeloye – Chair of PCC 



4 

# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **REPORT OF THE INDEPENDENT EXAMINER TO THE PCC** 

I report on the accounts for the year ended 31[st] December 2020, which are set out on pages 5 to 12. 

## **Respective responsibilities of trustees and examiner** 

As members of the PCC you are responsible for the preparation of the accounts and you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

- To state whether particular matters have come to my attention. 

## **BASIS OF THE INDEPENDENT EXAMINER’S STATEMENT** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. 

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **INDEPENDENT EXAMINER’S STATEMENT** 

In connection with my examination, no matter has come to my attention: 

- which gives me reasonable cause to believe that in any material respect the requirements; 

- to keep accounting records in accordance with Section 130 of the 2011 Act; and 

- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act, 

have not been met or 

- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Independent Examiner: 

## _**David Barber**_ 

David Barber, Jubilee House, 10 Moat Sole, Sandwich, Kent CT13 9AU 

6[th] May 2021 



5 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **STATEMENT OF FINANCIAL ACTIVITIES – YEAR ENDED 31[st] DECEMBER 2020** 


**----- Start of picture text -----**<br>
Notes  Unrestricted  Restricted  Endowment<br>Funds  Funds  Funds  2020  2019<br>£  £  £  £  £<br>INCOMING<br>RESOURCES<br>Voluntary income 2  23,474 0 0 23,474 34,386<br>Activities for<br>generating funds  3  0 0 0 0<br>Church activities 4  227 0 0 227 1,794<br>Investment income 5 41,989 0 41,989 35,216<br>Other incoming<br>resources 6 13,499 0 0 13,499 21,837<br>TOTAL 79,189 0 0 79,189 93,233<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
RESOURCES  Notes  Unrestricted  Restricted  Endowment  2020  2019<br>EXPENDED Funds  Funds  Funds  £  £<br>Fundraising<br>trading costs 7  0 0 0 0 0<br>Church activities 8 62,114 0 0 62,114 60,509<br>Governance costs  9  3,322 0 0 3,322 4,060<br>TOTAL 65,436 0 0 65,436 64,569<br>NET INCOMING<br>RESOURCES 13,753 0 0 13,753 28,664<br>Gain (Loss) on<br>revaluation of    17 0 0 12,359 12,359 22,907<br>investments<br>Church renovations       20  782,076 782,076 0<br>NET MOVEMENT IN FUNDS (768,323) 12,359 (755,964) 56,891<br>Transfer of funds         19  0 0 0 0 0<br>Brought forward from previous  1,144,537 4,200 178,977 1,327,714 1,270,823<br>year<br>Total funds carried forward 376,214 4,200 191,336 571,750 1,327,714<br>**----- End of picture text -----**<br>




6 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **BALANCE SHEET AS AT 31[st] DECEMBER 2020** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>11<br>Investments<br>12<br>**TOTAL FIXED ASSETS**<br>**CURRENT ASSETS**<br>Debtors<br>13<br>Cash at bank and in hand<br>14<br>**TOTAL CURRENT ASSETS**<br>**CREDITORS**– amounts falling due within<br> one year:<br>15<br>Creditors<br>**TOTAL CREDITORS**<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**FUNDS**<br>16<br>General unrestricted<br>Restricted funds<br>Endowment funds|2020<br>2019<br>£<br>£<br>318<br>764,928<br>538,859<br>526,500|
|---|---|
||**539,177**<br>**1,291,428**|
||0<br>1,133<br>33,287<br>36,953|
|||
||33,287<br>38,086|
||714<br>1,800|
||714<br>1,800|
|||
||**32,573**<br>**36,286**|
|||
||**571,750**<br>**1,327,714**|
||376,214<br>1,144,537<br>4,200<br>4,200<br>191,336<br>178,977|
||**571,750**<br>**1,327,714**|



Approved by the Parochial Church Council on 6[th] May 2021 

Signed on behalf of the Parochial Church Council by: 

_**Revd Dr Emmanuel**_ **Adeloye – Chair of PCC** 



7 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **NOTES TO THE FINANCIAL STATEMENTS – 31[st] DECEMBER 2020** 

## **BASIS OF ACCOUNTING** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities  SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', The financial statements have been prepared under the historical cost convention. 

## **1 ACCOUNTING POLICIES** 

## **FUNDS** 

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. (These include funds designated for a particular purpose by the PCC). The purpose of any restricted funds is noted in the accounts. 

The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of Church Groups that own an affiliation to another body nor those that are informal gatherings of Church members. 

## **INCOME** 

## **Voluntary income and capital sources** 

Collections are recognised when made. 

Amounts receivable under covenant are recognised only when honoured by the covenanter. Income tax recoverable on covenanted or Gift Aided donations is recognised when claimable. Grants and legacies are accounted for as soon as the PCC is legally entitled to the amount due. 

Funds raised by the fete and similar events are accounted for gross. **Other ordinary income** 

Rental income from letting of Church premises is accounted for when earned. Parochial fees of the PCC for weddings, funerals etc are accounted for when received. **Investment income** 

Dividends and interest are accounted for when due. Tax recoverable on such income is accrued for on the same basis. 

## **APPLICATION OF RESOURCES** 

## **Grants** 

Grants and donations are accounted for when paid. 

The Diocesan quota is accounted for when payable and quota unpaid at 31[st] December 2020 is shown as a creditor on the Balance Sheet. 



8 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **NOTES TO THE FINANCIAL STATEMENTS – 31[st] DECEMBER 2020 - continued** 

## **FIXED ASSETS** 

## **Consecrated land and buildings and movable Church furnishings.** 

Consecrated and beneficed property is excluded from the accounts by section 10(2)(c) of the Charities Act 2011. 

No value is placed on movable Church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable Church furnishings, whether maintenance or improvement is written off. 

## Tangible assets and depreciation 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of an asset, less any estimated residual value, over the useful life of that asset as follows: 

Office equipment 20% straight line method; Church renovations 0% 

## **CURRENT ASSETS** 

Amounts owing to the PCC is respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove unrecoverable. 

## **2 Voluntary income** 

|Planned giving<br>Tax recoverable<br>Grants and gifts<br>Collections<br>Donations and appeals|Unrestricted<br>Funds<br>£<br>13,806<br>941<br>0<br>8,727<br>0|Restricted<br>Funds<br>£<br>0<br>0<br>0<br>0<br>0|<br>Endowment<br>Funds<br>£<br>0<br>0<br>0<br>0<br>0|<br>Total<br>2020<br>£<br> <br>13,806<br> <br>941<br> <br>0<br> <br>8,727<br>0|Total<br>2019<br>£<br>14,060<br>4,187<br>4,200<br>11,791<br>148|
|---|---|---|---|---|---|
||23,474|0|0|23,474|34,386|



## **3 Activities for generating funds** 

|Fundraising events<br>**4 Church activities**<br>Other|0|0|0|0|0|
|---|---|---|---|---|---|
||0<br>227|0|0|0|0|
|||0|0|227|1,794|
||227|0|0|227|1,794|





9 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **5 Investment income** 

|Unrestricted<br>Funds<br>£<br>Investment property<br>income<br>41,989<br>41,989<br>**6 Other incoming resources**<br>Legacy and grants<br>8,043<br>Dividends received<br>5,370<br>Other<br>86<br>13,499<br>**7 Fund raising expenses**<br>Cost of events<br>0<br>0<br>**8 Church activities**<br>Giving<br>1,140<br>Contribution to Diocese<br>24,600<br>Repairs and maintenance<br>13,259<br>Insurance<br>3,406<br>Gas, electricity, water<br>7,340<br>Telephone<br>772<br>Printing, post, stationery<br>871<br>Staff wages<br>5,395<br>Waste disposal<br>1,248<br>Depreciation<br>106<br>Organist fees<br>2,525<br>Bank charges<br>-50<br>Other costs<br>1,502<br>62,114<br>**9 Governance costs**<br>Independent examiner’s<br>fees<br>550<br>Accountancy fees<br>2,772<br>Professional fees<br>0<br>3,322|Unrestricted<br>Funds<br>£<br>41,989|Unrestricted<br>Funds<br>£<br>41,989|Unrestricted<br>Funds<br>£<br>41,989|Restricted<br>Funds<br>£<br>0|Endowment<br>Funds<br>£<br>0|Total<br>2020<br>£<br>41,989|Total<br>2019<br>£<br>35,216|
|---|---|---|---|---|---|---|---|
||41,989|||0|0|41,989|35,216|
|||||0|0|8,043|21,837|
|<br>Legacy and grants<br>Dividends received<br>Other<br>**7 Fund raising expenses**<br>Cost of events<br>**8 Church activities**<br>Giving<br>Contribution to Diocese<br>Repairs and maintenance<br>Insurance<br>Gas, electricity, water<br>Telephone<br>Printing, post, stationery<br>Staff wages<br>Waste disposal<br>Depreciation<br>Organist fees<br>Bank charges<br>Other costs<br>**9 Governance costs**<br>Independent examiner’s<br>fees<br>Accountancy fees<br>Professional fees||||||||
||||5,370|0|0|5,370|0|
||||86|0|0|86|0|
||||13,499|0|0|13,499|21,837|
||||0|<br>0|0|0|0|
||||0|0|0|0|0|
||||1,140<br>24,600<br>13,259<br>3,406<br>7,340<br>772<br>871<br>5,395<br>1,248<br>106<br>2,525<br>-50<br>1,502|0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|1,140<br>24,600<br>13,259<br>3,406<br>7,340<br>772<br>871<br>5,395<br>1,248<br>106<br>2,525<br>-50<br>1,502|3,098<br>26,826<br>857<br>3,115<br>6,619<br>1,156<br>2,690<br>5,384<br>1,224<br>0<br>3,844<br>0<br>5,696|
||||62,114|0|0|62,114|60,509|
||||550<br>2,772<br>0|0<br>0<br>0|0<br>0<br>0|550<br>2,772<br>0|500<br>3,024<br>536|
||||3,322|0|0|3,322|4,060|





10 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **NOTES TO THE FINANCIAL STATEMENTS – 31[st] DECEMBER 2020 - continued** 

## **10 Staff costs** 

|Wages and salaries|Unrestricted<br>Funds<br>£<br>5,395|Total<br>2020<br>£<br>5,395|Total<br>2019<br>£<br>5,384|
|---|---|---|---|
||5,395|5,395|5,384|



## **10A Related Party Transactions.** 

Any amounts paid to PCC Members or to the Incumbent during the year are in reimbursement of expenses incurred solely on activities related to the Parish. 

## **11 Tangible fixed assets** 

|**Cost**<br>At 1stJanuary 2020<br>Additions<br>At 31stDecember 2020<br>**Depreciation**<br>At 1stJanuary 2020<br>Charge in the year<br>Transfer to SoFA<br>At 31stDecember 2020<br>**Net book value**<br>At 31stDecember 2020<br>At 31stDecember 2019<br>**12 Investments**<br>Property Springall Street<br>Bruce McMurray<br>Memorial Fund|Unrestricted<br>Funds<br>£<br>347,524<br>0|Church<br>renovations<br>£<br>Office<br>equipment<br>£<br>764,928<br>4,680<br>17,148<br>425<br>782,076<br>5,105<br>0<br>4,680<br>0<br>106<br>(782,076)<br>0<br>0<br>4,786<br>0<br>318<br>764,928<br>0<br>Restricted<br>Funds<br>£<br>Endowment<br>Funds<br>£<br>Total<br>2020<br>£<br>0<br>0<br>347,524<br>0<br>191,335<br>191,335|Church<br>renovations<br>£<br>Office<br>equipment<br>£<br>764,928<br>4,680<br>17,148<br>425|Church<br>renovations<br>£<br>Office<br>equipment<br>£<br>764,928<br>4,680<br>17,148<br>425|Church<br>renovations<br>£<br>Office<br>equipment<br>£<br>764,928<br>4,680<br>17,148<br>425|Total<br>£l<br>769,608<br>17,573|
|---|---|---|---|---|---|---|
|||||782,076|5,105|787,181|
|||||0<br>0|4,680<br>106|4,680<br>106|
|||||(782,076)|0|(782,076)|
|||||0|4,786|4,786|
||||||||
|||||0|318|318|
|||||764,928|0|764,928|
|||||Endowment<br>Funds<br>£<br>0<br>191,335|Total<br>2020<br>£<br>347,524<br>191,335|Total<br>2019<br>£<br>347,524<br>178,977|
||347,524|0||191,355|538,859|526,500|





11 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

**NOTES TO THE FINANCIAL STATEMENTS – 31[st] DECEMBER 2020 - continued** 


**----- Start of picture text -----**<br>
13 Debtors<br>Unrestricted  Restricted  Endowment  Total  Total<br>Funds  Funds  Funds  2020  2019<br>£ £ £ £ £<br>Recoverable Gift Aid  0 0 0 0 1,133<br>**----- End of picture text -----**<br>


|Recoverable Gift Aid|£<br>0|£<br>0|£<br>0|£<br>0|£<br>1,133|
|---|---|---|---|---|---|
||**0**|**0**|**0**|**0**|**1,133**|
|**14 Cash at bank and in hand**||||||
|PCC Bank Account|1,229|4,200|0|5,429|6,272|
|Restoration Account|749|0|0|749|9,022|
|CBF – Deposit Fund|4,729|0|0|4,729|4,729|
|BM current account||||||
|CBF T1169137002465D|22,380|0|0|22,380|16,930|
||**29,087**|**4,200**|**0**|**33,287**|**36,953**|
|**15 Creditors (due within one**|**year)**|||||
|Short term loan|0|0|0|0|1,300|
|Accruals|714|0|0|714|500|
||**714**|**0**|**0**|**714**|**1,800**|
|**16 Analysis of net assets by**|**fund**|||||
|Fixed assets|318|0|0|318|764,928|
|Investments|347,524|0|191,336|538,859|526,500|
|Cash at bank|29,087|4,200|0|33,287|36,953|
|Debtors – gift aid|0|0|0|0|1,133|
|Creditors|-714|0|0|-714|-1,800|
||376,215|4,200|191,336|571,750|1,327,714|
|**17 net gains (losses) on investments**||||||
|Bruce McMurray Fund|0|0|12,359|12,359|22,907|
||0|0|12,359|12,359|22,907|





12 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

**NOTES TO THE FINANCIAL STATEMENTS – 31[st] DECEMBER 2020continued** 

**18 Funds** 

|**8 Funds**||
|---|---|
|General or unrestricted<br>funds<br>Restricted funds<br>Endowment funds|Brought forward<br>Incoming<br>Resources<br>Resources<br>Expended<br>Transfer of<br>funds<br>Carried forward<br>1,144,538<br>79,189<br>847,512<br>0<br>376,215<br>4,200<br>0<br>0<br>0<br>4,200<br>178,976<br>12,359<br>0<br>0<br>191,335|
||1,327,714<br>91,548<br>847,512<br>0<br>571,750|



## **19 Transfer of Funds** 

There were no transfers of funds in the year. The balance of Endowment Funds carried forward at 31[st] December 2020 relates to the Bruce McMurray Fund. 

## **20 Church renovations** 

Extensive renovation and improvement works have now been completed and in accordance with the Church policy that all expenditure incurred on improvements to the building be written off, the sum of £782,076 has been transferred to the Statement of Financial Activities (SoFA). 



13 

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF S. JOHN CHRYSOSTOM WITH S. ANDREW, PECKHAM** 

## **REPORT ON THE ACTIVITY OF THE PCC FOR 2020** 

The Church continued her work of witness via worship, evangelism and mission. Our Church building continues to offer space and a place for dignified, warm and welcoming worship of Almighty God. 

Much of the year was disrupted by the COVID-19 pandemic, resulting in suspension of public worship at certain times. Thanks be to God, during those times of suspension of public worship, we were able to continue our worship via zoom. 

The PCC met regularly, with the Standing Committee meeting frequently between PCC meetings, to monitor financial and building issues as well as highlighting any specific issues needed to be considered by the PCC. 

The new Sanctuary come Altar project was completed and dedicated by Bishop Christopher at the beginning of the year.  Despite a decrease in our income due to the COVID-19 pandemic, we were able to pay our Diocesan pledges up to date. Other financial obligations were met, necessary repairs and maintenance works were carried out. 

The audited Accounts show that our income in the year went down a little. This was due to the COVID-19 pandemic. Efforts were made to be prudent in our expenses and we were able to have some surplus. 

Thanks are due to all members of the congregation who have taken on various roles both at worship and outside worship. Thanks to our Churchwardens, Treasurer other officers and PCC members, who despite the restrictions of COVId-19, worked tirelessly during the year, for the smooth running of the church. 

During the year, the Sunday Academy could not meet due to lack of DBS approved adults to assist in the Sunday Academy. We hope to work towards rejuvenating the Sunday School and the Teenagers’ department very soon. Fr Emmanuel and his wife Temi have begun the process of introducing Boys’ Brigade and Girls’ Brigade meetings at the Church. 

The Church supported some charities with donations during the year and will continue to do so as part of her social responsibilities. 

As a registered charity, the Church pursues her mission of service through worship, educational support to the local community and cultural activities. Although, the current pandemic disrupted this aspect of our mission considerably in 2020, we hope to work hard to continue this mission in the years ahead. 

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We will continue to make our facilities available as we have done in the past. We will also engage in 

- Programmes to respond to local needs. 

- Better community, educational and social support activities in and with our facilities. 

- Making available our Hall for Nursery activities. Thankfully, ‘Alpha Stars Early Years Ltd’ are currently using our Hall for Nursery activities. 

- The use of our Hall and Narthex by a variety of local groups, cultural associations and local tenant groups. Southwark Council and the Acorn Tenants’ Association for public consultation and meetings. 

The Revd Dr Emmanuel Adeloye, Vicar 

Maria Gabriel & Linda Smith, Church Wardens 

