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2021-12-31-accounts

Part 1 - Annual report of the Parochial Church Council for the year ended 31st December 2021

Aims and Purposes

Our mission statement is:

“To be the visible presence of God’s love in Jesus by deepening our relationship with God, each other and our community”

Objectives and Activities

The Church of the Ascension PCC has the responsibility of cooperating with the incumbent, the Revd. Jacqueline Shalloe, 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 and Halls and the whole church site.

Achievements and Performance

Electoral Roll and Church Attendance

The electoral roll stands 75 During the review 14 names were removed and 5 names added

The average weekly attendance, counted during October, was 25 adults, and 4 under 17s, but this number is particularly low due to Coronavirus and the loss and moving away but numbers increased with special services.

Brent Deanery Synod

Our PCC representatives are Ms Nicola Kent and Tim Woolford. three meetings were attended which focused on a discussion for our 2030 vision.

Ecumenical Relationships - Churches Together

Rosemary is our representative.

With the Covid restrictions we were unable to meet together.

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Review of the Year 2021

When 2021 started we were in lockdown, with Churches closed, some people shielding, so our PCC meetings were held on zoom and it wasn't until September that we met, socially distant, in Church.

The Standing Committee met regularly to agree the PCC Agenda. We held 11 PCC meetings and the average attendance was 80%. Instead of our usual subcommittees, the PCC worked well as a team led by our Lay Chair Tim Woolford. Each month we had a monthly finance statement from Anne. Regular costs were approved.

In January the PCC decided that we would open the Church on Sundays and Wednesdays for silent prayer at 10am and regularly review this at subsequent PCC meetings. No rotas would be needed. The Confirmation Service was not able to go ahead so was postponed until a new date could be arranged with the Bishop.

The Churchwardens completed the Mission part of the Annual Return online. We agreed to pay our 2021 Common Fund Pledge of £20,000 by Standing Order. The Parish Profile for a new Incumbent, was sent to the Bishop by 14[th] January, and the Section 12 meeting was held on Zoom, and went well.

In February the timescale for the appointment of Vicar was adjusted so that we could interview in person on 15[th] June. The revised Profile had been sent in.

There had been no change in Lockdown and we continued having the Church open for private prayer on Sundays and Wednesdays.

Expenditure was agreed for a new boiler to be installed in the Church, as well as for such domestic work as, pest control; gutter cleaning; lightening conductor test; and answerphone. It was decided we would ask Church members for donations for the new boiler and Mike was thanked for producing that letter.

At last we could look at the possibility of opening up. It was proposed that we continue with silent prayer until Good Friday when Archdeacon Catherine would be with us for the 'last hour at the Cross' and Revd Alison Christian had agreed to come on Easter Day, then we would go back to having services on Wednesdays and Sundays. Approval was given by Bishop Pete, and Churchwarden Nicola started finding priests for the subsequent services

To keep the congregation updated Mike Revans produced a Newsletter for everyone on the Electoral Roll. Then we were back to signing in; sanitising; wearing masks; and social distancing but with no congregational singing. Nicola and Irene were thanked for their massive commitment in opening up the Church 2 days a week throughout the double difficulties of pandemic and interregnum.

In April the Accounts and Annual Report were accepted and approved. The Electoral Roll would be updated in time for the APCM.

Thanks were given to Bindu Trivedi and Maureen Cooke, who stood down at the APCM and we welcomed Mary-Anne Chukwuenyem and Tracey King to the PCC.

All officers were covered and sub committees elected but even without meetings all necessary work was done and appreciated.

After risk assessments, a few of the regular lets were returning to their slots in the Church halls but due to uncertainties of Covid restrictions we decided not to let the Halls for one off lets. We were not able to have the May Fair.

Amanda, our Halls Administrator decided to stand down after 10 years. She was warmly thanked and would be much missed. Nicola would hold the phone with the Hall Administrator's number

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and she or Irene would check it regularly and hold the paperwork. We started to look for a new Administrator. Eventually Andrew was appointed and would hold the Church smart phone for bookings He would be working from home initially.

We heard that Bishop Pete was retiring from the See of Willesden and considered the Consultation paper and felt it imperative that the post should be filled due to the large geographic area it covers and the diverse nature of the area.

After a certain amount of work was done on the Vicarage, it was let until the end of August. 2 members of the PCC had been chosen for the Interview panel for our next Priest in June. Offers were made for taking the candidates to the Vicarage; We then heard that Revd Jacqueline Shalloe had accepted the appointment and would be joining us in September.

It was decided that the organ and congregational singing would start again on Sunday September 5[th] in time for Jacqueline's Collation on the 8th September.

Mike agreed to produce a Newsletter for the Parish to introduce Jacqueline. There would be refreshments after the Service under Covid guidelines.

We were grateful to Tracey and Angel for their singing and to all the priests who came to help us during the interregnum and to our Pastoral Assistants Sheila and Nicola took services when no priest was available and distributed the reserve sacrament.

At last, the PCC was able to meet in person to welcome new Vicar, Jacqueline, to the September meeting after all those months on zoom. Tim welcomed her and said how excited we were to have her and her family as part of our Church family.

Outreach in the Community

Jaqueline talked about her immediate plans to grow and nurture the people; She has kept the Church open for prayer and also lets people know we are here to support our Parish. Tracey has worked with the vicar to lead worship in Kenbrook care home and Geraldine has worked very hard to introduce the vicar to local members and leaders in our Parish

The PCC supports our local pub, The Preston, with regular monthly lunches on the third Wednesday of the month.

The Mission Committee met; we can start collecting bottle tops again for the Air Ambulance, At Harvest we held a soup and rolls lunch and donations would be shared between the Food Bank and Water Aid. We were able to send £390 to Water Aid. Our regular donations to the Food Bank continue and we are pleased that Stuart is able to take them to St Lawrence Larder each month.

We held a Christmas Tree Festival in Church from Advent to Epiphany and invited the local community. The children from the Pre-school in the Youth Centre came in to sing. Some of our hall users came to decorate their trees even if they were not yet meeting. There was a Christingle Service in December, with a collection (£240) for the Children's Society. £184 had been collected in our Lent purses for the Diocesan Charity. The remaining mission Funds would go to Christian Aid.

We also felt a Service of Remembrance was necessary for those who had died and not able to have a funeral in lockdowns. This Service was held on November 8[th] when we remembered particularly Joyce Hull; Betty Mdoe; and Walter Saunders.and Gillian Burrows. Thomas Culkeen, Clare Ahern and Jean Hailes had also sadly died this year and we remember them all with affection. May they Rest in Peace.

Grateful thanks were given to all those who had worked on the garden particularly Irene, John

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and Tracey. Mike also offered to help organise a working party. We have also had paid help from Steve, as it is necessary to keep the garden under control. Mike has found that Community Payback will help maintain our Gardens and we are actively pursuing this.

Fulfilling our 2030 and our church vision of Deeping our relation with the community, We have come together with the Ashford Place charity after training with the charity and also our deanery we now a Dementia friendly Church.

We are also looking at the possibility of a Daniel's Den Mother and Toddler club.

Jacqueline reported that she had visited Kenbrook where she has continued to go till December when there was another covid outbreak . With Sheila, she had been on a pre-Baptism visit and Sheila has led this as a pastoral assistant and also, we had a baptism, and a confirmation and we have introduced that each child being baptised should have a sponsor from the Congregation and Tracey has been the first sponsor, this has helped to build relationship and families feel cared for by the church family. We celebrated Black History month with a service in October, and thanks goes to our amazing cooks and the service was well attended. We have a Facebook service and a zoom service which are not well attended

Sadly, our PCC Secretary, Jean Hailes, died at home after a short period in hospital. She will be remembered for her helpfulness and friendship and her wonderful note-taking whilst on zoom. Sheila stepped in and has taken notes of meetings from October.

The boilers have been serviced, a wire test done, and Safeguarding certificates obtained when requested by Nicola. The Insurance Society had re-evaluated our premises and contents and the increased annual payment was made in September.,

Our new Architect, Karen Butti, was appointed

After so long without lets in the Halls, our church wardens contacted all our regular users about their return.

Solar energy lights have been installed outside the Church Halls.

Anjali Maldonado from Holy Cross is training had a placement with us as she attended St, Edmunds course, during her time with us Jacqueline was her Mentor, this was agreed by the PCC. She has assisted the pastoral team. Anjali has been offered another placement at All Hallows Church, Greenford.

We agreed our pledge for the 2022 Common Fund of £25,000

The Chair and the PPC would like to express their thanks to our Churchwardens, Treasurers, pastoral assistants and all members of the congregation for all they have done during Covid and during the Interregnum. We look forward to a fruitful and blessed New year.

Jacqueline Shalloe Sheila Coules

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Administrative Information

The Church of the Ascension is situated in The Avenue, Wembley Park (HA9 9QL). It is part of The Diocese of London within the Church of England. The correspondence address is The Vicarage, 319 Preston Road, Harrow, HA3 OQQ.

PCC members who have served from 1[st] January 2021

Ex. Officio Members

Incumbent The Revd Jacqueline Shalloe Chair (from 8[th] September 2021) Wardens Ms Nicola Kent Mrs Irene Stubbs Representatives on the Deanery Synod(2) Ms Nicola Kent Mr Tim Woolford PCC Treasurer (Joint) Mrs Anne Bignell and Mrs Mary-Ann Chukwuenym Elected Members Mrs Maureen Egbuche Mrs Anthea Revans Mr Michael Revans Miss Rosemary Sheldrick Mrs Sheila Coules Appointed Officers Nicola Kent Safeguarding Officer Tracey King Children’s Champion Mrs Maureen Egbuche Gift Aid Officer Sheila Coules Electoral Roll Officer

Independent Financial Examiner The Revd David Green Gowers Plus Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts WD4 8SZ

Architect:

Karen Butti MA, GradDiplCons(AA), RIBA, AABC Director, Thomas Ford and Partners, 177 Kirkdale, London, SE26 4QH

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Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. At the Ascension the membership of the PCC consists of the incumbent (Chair), Churchwardens, and members elected by those members of the congregation who are on the Electoral Roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.

The PCC met nine times during the year with an average level of attendance of 70%. Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which include pastoral care, and, are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary.

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Churchwardens Fabric Report

We are able to report that the Inventory has been checked and that all listed items and ornaments of the Church are present

Church

From January – March the Church remained in lockdown c/o the Covid-19 Pandemic and the buildings were maintained. The Church was open for Private Prayer on Sundays and Wednesdays 10am -11am.

As the Interregnum continued, lockdown rules were lifted but restrictions still remained. Our thanks are owed to The Ven. Catherine Pickford, Archdeacon of Northolt and also to Fr Andrew Teather, Area Dean, for their Guidance and support.

Archdeacon Catherine assisted with the re-start of our services on Good Friday with a Eucharist where the Host alone was distributed for Communion in keeping with Covid restrictions. The Archdean has also Celebrated at a few of our services.

Thanks are owed to Rev’d Alison Christian, who guided us through a Covid secure service on Easter morning and also presided at a Christening during the Interregnum. We have benefitted from wisdom from visiting Clergy and owe gratitude to Rev’d Helen Askwith, Fr Jason Rendell, Rev’d Trevor Goddard, Rev’d Richard Young, Rev’d Vicky Bastidas, Rev’d Paul Hullyer, Rev’d Mark Arnold, Rev’d Keith Stephenson, Rev’d Dave Byrne and Rev’d Hyacinth Young; our Pastoral Assistants Sheila Coules and Nicola Kent also took services using Reserved Sacrament.

During lockdown, the Pastoral assistants found themselves contacting members of the congregation by phone, email or text in order to keep in touch. When lockdown eased, coordinating Home Communions / visits could re-start. Although our usual link with the Nursing Homes remained difficult to maintain. Additionally, safeguarding both the Church and our members has been a priority throughout.

Stuart Ransom, our Sacristan has adapted constantly and kept on top of Covid requirements and the various needs of visiting Clergy during the Interregnum, and then when our Vicar arrived, the needs of Rev’d Jacqueline. We owe him a huge thank you for keeping on top of things so effectively.

Since Jacqueline arrived, we have had our first Black History service. At our Harvest Festival we raised £270 for Water Aid and donated food to the Food Bank – We would like to thank Stuart, our food bank coordinator for delivering our all-year donations to the food bank. We held our Christingle service in aid of Children’s Society. We fundraise with boxes all year additionally to raise funds. Thanks are owed to Hilary and Ian Prevost, our Children Soc.

Coordinators

With the reintroduction of services, the churchwardens found themselves helping out as our sidespeople juggled with the key roles of ensuring that hand sanitiser was used, masks worn and people signed in, in addition to their vital meet and greet role, counting the congregation, the collection and completing the register. We owe a huge thank you to this vital and very small team of people and would like to see the team grow in numbers.

Our Sunday, sung Eucharist is led musically by organ and Choir... We have recently introduced the Organist and choir rehearsing after the service. This is to give the congregation an opportunity

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to learn next week’s hymns. We would like to thank both the organist and choir for their input. Our Wednesday service is a said Eucharist

We are grateful to our flower arrangers who work discretely behind the scenes, our Church looks beautiful.

We have introduced tea / coffee after the service at the back of Church and would like to thank the rota of volunteers. It provides the essential fellowship of the Church. We would like to increase the number of people on the rota and develop this role so that those on the coffee rota set up for coffee before the service. This would enable good team work

We use our meeting room for smaller activities i.e. smaller coffee groups and Bible Study.

We would like to thank our PCC members for their commitment and participation during the year. During the Pandemic it became necessary for PCC meetings to be on zoom. Most subcommittee meetings were put on hold, but as Covid restrictions relaxed further, the subcommittees began to meet, it is hoped this will continue. A particular thank you goes to Tim Woolford, PCC Lay Chairman for Chairing our meetings prior to Jacqueline’s arrival.

– Our Church would not operate without the input of Mary-Ann Chukwuenyem and Anne Bignell Joint Treasurers and Maureen Egbuche as Planned Giving Coordinator. The PCC began the year with the death of the late Jean Hailes who was PCC secretary. Jean worked tirelessly, minuting our meetings, (made harder on zoom) and was willing to be available as a resource for various rules and regulations. She is greatly missed. We would like to thank Sheila Coules for stepping into minute subsequent meetings following Jean’s death.

We would like to thank the team of people who do the discreet, vital and unseen things like counting the collection and paying in the money, cutting the grass, forever doing the garden and tidying up both inside the Church as well as outside. In particular, we would like to thank Mike Revans and Tracey King.

During the year the following works / maintenance / management of the Church, have taken place

Parish Hall

At the beginning of Covid, we were required to close both our halls. This meant a loss in income for us and led to difficulty in payments of bills.

In the middle of Lockdown, our Hall Administrator handed in her notice. Having advertised, and interviewed candidates, we were very pleased to welcome Andrew Mangaram to the team as the new Hall Administrator. When the restrictions eased, we were grateful to see the return of some of our regular hall hirers who worked with us to maintain Covid restrictions. It was also good to see Brownies and Guides return to using our Parish Hall for free, as part of our mission to the community.

The gas cooker in the Parish Hall was condemned as it did not meet gas safety standards. After a major effort to remove the old cooker, a new cooker was installed.

The following works have been undertaken during the year:

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Youth Centre Hall

When schools returned during the pandemic, the kindergarten based at the Ascension, had sole use of the Youth Centre. We have benefitted from the rent they have paid.

Future issues needing consideration:

We began the year while in an Interregnum and while coping with the Covid-19 Pandemic. We will be leaving the year with our new Incumbent Rev’d Jacqueline Shalloe in place.

We would like to thank our Cleaner who has worked so effectively throughout the year in maintaining the Church, the Parish Hall and the Youth Centre in keeping with the various, ever changing Covid restrictions.

“Christ has no body now but yours, no hands, no feet on earth, but yours. Yours are the eyes through which God looks, compassion into the world. Yours are the feet with which Christ walks to do good. Yours are the hands with which Christ blesses the world.” (St Teresa of Avila)

Nicola Kent and Irene Stubbs – Churchwardens

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Treasurers’ Report

Reserves policy

It is the PCC’s policy to maintain reserves to cover anticipated future expenses incurred in running the parish and maintaining its structures. This applies to all three buildings and grounds of the church. It is our policy to invest our funds’ balances, where this is possible, with the Central Board of Finance of the Church of England (CFB).

As of 31 December 2021, total reserves held in various funds were £45,726. These figures include income from the trust fund (shown on note 3 (notes page 16-7) of £14,174 held at CFB.

Financial Review

As expected, and outlooked in my 2020 report, 2021 has also been impacted by the lockdown measures introduced by the UK government to contain the COVID-19 pandemic up and down the country. Although the phased lifting of lockdown measures during the year brought hope, a return to business as usual is still a while away for most organisations. For COTA, some hirers (in particular pre-school) returned in the 2[nd] half of the year, however, this was not enough to return our finances to pre-COVID levels when looking at the full year in total. That said, we are confident, and taking steps, to grow our congregation and expand our outreach in the community, to ensure 2022 is a better year for the Church, providing, we are spared further lockdowns and continue to see traction in hall hirers’ return pattern!!

Examining the accounts attached on page 16-1, Receipts and Payments Summary, total income for the year stands at £60,096 (2020, £68,034) a decrease of some -£7,938 year on year. This large reduction, when compared to last year, is explained by reductions in Halls let income - £1,965; Regular giving -£2,122; Other giving -£2,000; Other receipts -£2,445 (due mainly to the removal of the 2020 notice board donations receipt) and Missions -£458, mitigated by an increase in Investment income £1,124.

Breaking this down further and focusing on the “Unrestricted” column of the accounts, the total income under this column, at £43,886 (2020, £50,205), is a decrease of some -£6,319 year on year. This decrease in income is driven by Halls letting income, pages 16-4 and 16-5, which at a combined £25,462 (2020 £27,427) is -£1,965 worse than last year (itself driven by Parish Hall lets reduction of -£6,500 mitigated by an improvement in Youth Centre Halls income of £4,535, preschool in the Youth Centre returning earlier than other hirers); and reduction in Church Receipts, page 16-2, which at £18,724 (2020, £22,778) is some -£4,054 worse than last year. This reduction in Church Receipts is further explained, as noted in the above paragraph, by a year-on- year decrease in Planned giving totalling -£2122, and reductions in Other giving and receipts of £1,932.

As with prior years, our reliance on Halls letting income to meet the day-to-day running cost of the Parish continues. Unfortunately, for 2021, fuelled by the COVID-19 impact on all activities further expanding this gap, income from lets was insufficient to fund the Parish expenditure in full. This is clear by examining the “Unrestricted” column on page 16-1 of the accounts where the total combined income from Church and Halls sits at £43,886 compared to total expenditure, on the same basis, of £57,642 (2020, £90,286) representing a total loss for the year of -£13,756.

However, it must be noted that the reduction in costs year on year was solely due to COTA not maintaining its common fund contributions at the regular, and 2020, levels of £54,000 – had this - not been the case then the total excess of income over expenditure in 2021 would have been £47,756!!

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Further, to clarify the reserves, and capital assets, included in the following financial statements, the PCC has a Trust Fund with monies invested in a Unit Trust with M&G Charifund under a Deed of Trust with the Diocesan Board as Custodian Trustees. The current figures (in summary) are:-

Market Value at 27.04.1988 31.12.2020 31.12.2021
Chari fund Units (15,985.00) £80,000.00 £219,405.31 £248,758.57
Deposit Account at CBF £4,973.00 £39,471.09 £7,339.94
Plus income from Charifund £10,709.95 £11,828.91
Plus interest £158.90 £4.69
Less grant to PCC (£43,000) (£5,000)
Balance held on deposit £7,339.94 £14,173.54
Total values £226,745.25 £262,932.11

Investments in Unit trusts are subject to Stock market movements and can go down as well as up. This year, the capital value of our Chari fund units has increased by £29,353 when compared to 2020. This represents a capital growth of some 13%, which is a welcomed and impressive performance in a year that was largely impacted by COVID-19 with most economies and markets, including the UK, struggling to recover lost positions. In addition, £11,834 of income (and interest) was generated in the year, adding to the balance of income held on deposit at the beginning of the year. An income withdrawal totalling £5,000 was also made during the year to meet COTA liabilities, mainly related to boiler repairs, that were otherwise not able to be met from “free” cash due to low income from ordinary activities.

Church Hall buildings valuation

Current Charity commission instructions require that we annotate our accounts Church Hall buildings valuation. As such the PCC approached EIG Insurance which has revised their valuation for the Church Halls for 2021 to £2,960,000 (2020, the Hall buildings’ valuation was set at £1,747,011). These valuations are set out on page 16-6, Assets & Liabilities, and note 2, Notes page 16-7, on the attached financial statements.

The year ahead – 2022

The PCC is hoping that 2022 will present a better future for the Church and its finances, where we hope to grow our congregation and begin to return to some sort of normality where hirers, by the 2[nd] half of the year, return to pre-COVID-19 activity levels and normal Church fundraising activities is resumed.

However, we should temper our outlook with a little bit of caution and expect that 2022 when taken as a whole, although we should see improvements against 2021, would still not return Church and Halls activities, and income, to the levels seen in 2019 and perhaps even 2020!

Although we should see an improved level of activity this year, having re-opened our Halls earlier this year to one-off lets, and the Queen’s Jubilee celebrations later this year presents a channel for COTA to harness fundraising opportunities which it must indeed do, delivering even 2020 results will be a challenge that must be worked to overcome especially if regular hirers do not return to normal levels by the 2[nd] half of the year.

Given our dependency on Halls letting income, and the challenges we face in this space with our regular lets, we must turn our attention to other areas to manage and maximise our net income. We must double our efforts to improve the volume of our one-off lets, explore avenues to drive more income from “Church” activities, and accelerate other fund-raising efforts. We must, in

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addition, continue to perform a forensic review of our cost base and execute efficiencies where and when we can such that we streamline, align, and/or match normal costs, wherever this is achievable, to changing revenue profiles, and contain our net cash outflow.

Further, we as parishioners should again stretch ourselves this year when filling up planned giving envelopes, gift aid all our donations, and regular giving, wherever possible, and continue to execute measures that improve our financial position, and posture, through 2022 and beyond.

We should continue our commitment to review stewardship on an annual basis.

Mary-Ann Chukwuenyem – Treasurer

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The following accounts have been prepared on a Receipts and Payments basis.

These accounts were presented and approved by a meeting of the PCC convened on May 4, 2022, and signed on their behalf by

………………………………. .………………………………. The Rev. Jacqueline Shalloe (Chair) Sheila Coules (Secretary)

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Part 2 - Statement of Financial Activities and Balance Sheet

(including Independent Examiners Report)

14

PAROCHIAL CHURCH COUNCIL OF THE CHURCH OF THE ASCENSION, WEMBLEY PARK

Independent examiner’s report to the Parochial Church Council of the Church of the Ascension Wembley Park

I report on the financial statements for the year ended 31st December 2021, which are set out on pages 16-1 to 16-7.

Respective responsibilities of Parochial Church Council and examiner

The members of the PCC are responsible for the preparation of the accounts. The PCC considers 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 needed.

It is my responsibility to:

Basis of independent examiner’s report

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 you as trustees concerning any 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:

  1. 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

  2. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

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

Revd David M Green FCA Gowers Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts. WD4 8SZ

Date: 7th May 2022

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CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Receipts and Payments Summary

Note
No.
Receipts
Voluntary receipts
Regular Giving
Other voluntary receipts
Other giving
Missionary and charitable
Missions
A
Receipts from activities for generating funds
Church
Parish Hall
Youth Centre
Receipts from Church Activities
Church activities
Receipts from investments
Investment income
Bank account
Other receipts
Other receipts
Total Receipts
Payments
Costs of generating voluntary income
Stewardship envelopes
Fund raising & trading costs
Magazine, Publicity and Fairs
Church Activities
Missions
A
Church costs
Refund of loan
Parish Hall trading
Youth Centre trading
Major Church payments
Major Parish Hall payments
Major Youth Centre payments
Governance costs
Governance costs
Total resources used
Excess Receipts/(payments)
Bank balances B/F
Transfer Trust fund money
Other fund transfers
Trust Fund in current A/c B/F
Trust Fund B/F
Bank balances C/F
Gains/(losses) on investments in year		 UNRESTRICTED
£
16,054
2,471
-
-
6,949
18,213
199
-
£ 43,886
65
746
-
35,082
8,659
5,522
5,000
-
-
2,568
£ 57,642
(13,756)
3,417
5,000
(£ 5,339)		 DESIGNATED
-
-
11,829
17
1,830
£ 13,676
3,000
5,981
£ 8,981
4,695
29,954
(5,000)
1,750
7,492
7,340
£ 46,231
£ 29,354		 RESTRICTED
£
-
104
263
300
-
4
1,863
£ 2,534
-
-
263
300
-
-
-
£ 563
1,971
27,437
(1,750)
(7,492)
(7,340)
£ 12,826		 2021
£
16,054
-
2,575
-
263
-
-
7,249
18,213
-
199
-
11,829
21
-
3,693
£ 60,096
65
-
746
-
263
35,082
3,000
8,959
5,522
-
10,981
-
-
-
-
2,568
-
£ 67,186
(7,090)
60,808
-
£ 53,718
£ 29,354		 2020
£
18,176
4,570
721
13,749
13,678
10,710
292
6,138
£ 68,034
43
1,129
542
68,757
3,000
10,780
6,540
4,968
3,437
£ 99,196
(31,162)
91,970
£ 60,808
£(46,056)

Page 16-1 (of 7)

CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Church Receipts

Note
No
Voluntary receipts - regular giving
Planned giving - gift aided
Planned giving non gift aided
Collections
Tax recovered - planned giving
B
Church boxes
Other voluntary receipts
Donations
Tax recovered on donations
B
Legacies
Receipts from Church activities
Parish magazine
Fees
Receipts from activities for generating funds
May Fair
Winter Fair
Band concerts
Preserves
Afro Caribbean Evening
Tax received on fund raising donations
Receipts from investments
Other receipts
Donation for Palm Sunday donkey
Donation for garden maintenance
Tax on garden maintenance donations
B
Donations for notice boards
Donations for church boiler replacement
VAT refund on boiler expenditure
Donation for heating
Tax on garden fund donations
B
Tax on Palm Sunday donkey donations
B
Total Church receipts for year
Less Church payments for year
Surplus/deficit for year		 UNRESTRICTED
£
10,177
1,058
974
3,845
-
16,054
2,088
383
-
2,471
199
199
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ 18,724
(43,461)
(£ 24,737)		 DESIGNATED
-
-
-
-
-
1,830
1,830
£ 1,830
-
(8,981)
(£ 7,151)		 RESTRICTED
£
-
-
-
-
-
-
92
12
104
-
-
-
-
-
-
-
-
-
-
-
-
-
-
113
1,750
1,863
£ 1,967
-
0
£ 1,967		 2021
£
10,177
1,058
974
3,845
-
16,054
2,180
395
-
2,575
-
199
199
-
-
-
-
-
-
-
-
-
-
-
-
-
-
113
1,750
1,830
-
-
-
-
-
3,693
£ 22,521
(52,442)
(£ 29,921)		 2020
£
11,711
1,847
790
3,828
-
18,176
3,874
696
4,570
-
-
-
-
-
210
600
150
5,000
100
25
53
6,138
£ 28,884
(81,334)
(£ 52,450)

Page 16-2 (of 7)

CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Church Payments

Notes
Church Payments
Cost of generating voluntary income
Stewardship envelopes
Stewardship campaign printing
Fund raising & trading costs
Magazine and publicity
Fund raising costs
Church activities
Ministry costs
Diocesan Quota / contribution
Clergy expenses
Upkeep of Church
Gas
Electricity
Insurance
Organists fees
Maintenance
Organ & piano tuning
Routine maintenance & repairs
Training costs
Young Church and Youth
Training
Confirmation
Governance costs
Administration
Other Payments
Upkeep of services
Upkeep of grounds, general
General outreach
Advertisment in the Church Times
Sequestration expenses
Refund of loan
Total general Church payments for year
Major repairs
Notice Boards
Replacement of church boiler
Total major Church payments
Total Church payments for year		 UNRESTRICTED
£
65
-
65
746
746
20,004
548
20,552
1,653
587
4,249
1,540
8,029
2,310
2,310
15
15
2,568
2,568
960
595
466
777
1,378
-
4,176
£ 38,461
5,000
5,000
£ 43,461		 DESIGNATED
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,000
3,000
£ 3,000
5,981
5,981
£ 8,981		 RESTRICTED
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ 0
-
£ 0		 2021
£
65
-
65
746
-
746
20,004
548
20,552
1,653
587
4,249
1,540
8,029
-
2,310
2,310
-
-
15
15
2,568
2,568
960
595
466
777
1,378
3,000
7,176
£ 41,461
10,981
10,981
£ 52,442		 2020
£
43
-
43
1,089
40
1,129
54,000
1,416
55,416
3,232
588
4,349
910
9,079
246
1,377
1,623
18
18
3,437
3,437
1,016
574
312
719
3,000
5,621
£ 76,366
4,968
4,968
£ 81,334

Page 16-3 (of 7)

CHURCH OE THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Parish Hall Account

2021 2020
£ £ £ £
Receipts
Lettings - regular 6,281 11,444
Letting - short term 668
Donation for roof repair 300 2,305
7,249 13,749
Total receipts £ 7,249 £ 13,749
Payments
Electricity 644 920
Gas 1,795 2,293
Cleaner 1,866 1,516
Water 130 707
Cleaning materials 53 62
Performing Rights Society 40 39
Insurance 1,074 1,099
Toilet rolls 32
Plumbing & boiler service 250 315
Pest control 824
General maintenance 90 320
Wireing & appliance testing 300 75
Waste collection 1,498 1,329
Other supplies 7
Solar lights 88
Roof repair 300
New boiler pump 665
Blocking up door 1,408
8,959 10,780
Total payments
£ 8,959 £ 10,780
Excess of receipts over payments (£ 1,710) £ 2,969

Page 16-4 (of 7)

CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Youth Centre Account

2021
£
Receipts
Lettings - regular
18,213
Lettings - short term
Total receipts
Payments
Electricity
629
Gas
1,197
Cleaner
890
Water
87
Cleaning materials
35
Pest control
550
Plumbing repairs & Boiler Service
230
Insurance
578
Toilet rolls
Wireing and appliance testing
262
General repairs
60
Waste collection
999
Other supplies
5
Decorating
Refrigerator
Total payments
Excess of receipts over payments		 2020
£
£
13,243
435
18,213
18,213
£
588
1,528
812
472
49
425
592
21
54
135
886
828
150
5,522
5,522
£
12,691
£		 £
13,678
13,678
£
6,540
6,540
£
7,138
£

Page 16-5 (of 7)

CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Statement of Assets and Liabilities

Notes
UNRESTRICTED
DESIGNATED
RESTRICTED
£
£
£
Assets:
Investments
1
248,759
Fixed Asset - Halls - as per EIG Insurance valuation
2
2,960,000
Bank Accounts
3
(5,339)
46,231
12,826
Represented by:
Restricted Funds
3
12,826
Designated Funds
1 & 3
294,990
Fixed Asset - Halls - as per EIG Insurance valuation
2
2,960,000
Unrestricted Funds
3
(5,339)
Liabilities
Diocesan Loan
Hall hirers		 2021

£
248,759
2,960,000
53,718
3,262,477
£
12,826
294,990
2,960,000
(5,339)
3,262,477
£
5,500
1,753		 2020
restated
£
219,405
1,747,011
60,808
2,027,224
£
27,437
249,359
1,747,011
3,417
2,027,224
£
8,500
3,110

Page 16-6 (of 7)

CHURCH OF THE ASCENSION ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021

Notes to the Accounts

Note 1 - Investments
Note 1 - Investments
Designated Funds - see note C below
Trust Fund - Non Permanent Endowment
Capital (holding 15985 units)
Note 2 - Fixed Asset
Halls- as per EIG Insurance valuation 2021
Note 3 - Bank Accounts
Restricted Funds
Missions Fund (held in Current A/c)
Retentions Funds (held in Current A/c)
Bequests & Donations Fund
Designated Funds
Designated Funds (held in Current A/c)
Trust Fund - (held at CBF)
Fabric Fund
COTA Deposit Fund
Bequests & Donations Fund
Parish Hall Reserve (held at CBF)
Youth Centre Reserve (held at CBF)
Unrestricted Funds
Church funds (held in Current and CBF A/c)
CBF=Central Board of Finance of C of E
Total Bank Balances
Note A - Missions breakdown
Opening balance
Income
Gift tax recovered
Expenditure
London Diocesan Fund Lent Appeal
Water Aid
Balance (liability) carried forward
Note B - Gift Aid - tax received breakdown
Planned giving
Donations
Missions
Total received		 Opening
at valuation
£
-
219,405
£ 219,405
-
Opening
Balances
(restated)
£
406
11,747
7,944
£ 20,097
6,362
7,340
5,617
3,234
12,571
217
1,953
£ 37,294
£ 3,417
£ 60,808
Unrestricted
£
-
-
-
-
-
-
-
Unrestricted
3,845
383
-
£ 4,228		 Introduction of
Halls as an Asset
£
-
-
-
£ 2,960,000
Receipts &
Expenditure
£
(7,275)
4
(£ 7,271)
2,091
11,834
3
1
7
1
£ 13,937
(£ 13,756)
(£ 7,090)
Restricted
£
406
534
79
-
(185)
(428)
£ 406
Restricted
-
125
79
£ 204
2021		 Gains
£
-
29,354
29,354
-
Transfers
£
£ 0
(5,000)
-
-
(£ 5,000)
£ 5,000
-
Total Rec'd
£
406
534
79
-
(185)
(428)
£ 406
Total Rec'd
2021
3,845
508
79
£ 4,432		 Closing
Book Value
£
-
248,759
£ 248,759
£ 1,747,011
Closing
Balances
£
406
4,472
7,948
£ 12,826
8,453
14,174
5,620
3,235
12,578
217
1,954
£ 46,231
(£ 5,339)
£ 53,718
2020
Total
£
227
542
179
-
(55)
(487)
£ 406
Total
2020
3,828
924
179
£ 4,931

Note C - investments - designated funds

Following recent research, it is now understood that the funds held both in income unit investments and in the CBF for the Trust fund are not restricted funds as had previously been thought. Historically these funds were disclosed as restricted funds. These accounts, therefore, include a restated 2020 position within the notes and balance sheet.

Page 16-7 (of 7)