2021-12-31-accounts

THE GUILD CHURCH OF ST MARGARET PATTENS

Rood Lane, Eastcheap, London. EC3M 1HS Tel: [phone] E-mail:[e-mail] Website: www.stmargaretpattens.org

Registered Charity No: 1181352

Annual Report of the Trustees and Financial Statements of the Guild Church Council of the Guild Church of St Margaret Pattens with St Gabriel Fenchurch for the year ended 31 December 2021

Guild Vicar:

The Revd Andrew Keep 193 Foundling Court Brunswick Centre London WC1N 1QF

Bank: HSBC plc. 1-3 Bishopsgate London EC2N 3AQ

Independent Accountants:

Boardman & Co 36 Reynards Road Welwyn Hertfordshire AL6 9TP

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

2021 REPORT and ACCOUNTS

Contents

Church Council Report	3 - 12
Balance Sheet	13
Statement of Assets& Liabilities	14
Notes to the accounts	15 - 19
Independent Examiner's report	20

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THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

Structure, Governance and Management

Membership of the Trustees

The church registered with the Charity Commission in 2018. At the Annual Meeting held in 2019 the composition of the Trustees (the Guild Church Council [GCC]) was amended to reflect more closely the provisions of the Church Representations Rules 2017.

Trustees who sit on the Guild Church Council are elected annually at the Annual Meeting, except for the Guild Vicar (Priest-in-Charge) and the Secretary, who are ex officio, in accordance with the Church Representation Rules. During the year, the following served as trustees on the Guild Church Council:-

Guild Vicar The Reverend Andrew Keep Chairman of the GCC Church Wardens Mr Donald Newell (until 22[nd] April 2021) Mr Tony Charlwood Mr Steven (Tom) Jackson Mrs Sarah Hodge (from 22[nd] April 2021) Mr Ian Sanders (from 22[nd] April 2021) Parish Clerk Mr Tony Charlwood Treasurer Mr Neil Osmond Deanery Synod Representative Mr John Harrison Administrator Mr Christopher Moore

Meetings Between full meetings of the Guild Church Council the Standing Committee is available to transact business subject to any directions given by the Guild Church Council. The members are the Guild Vicar and the Churchwardens with the Administrator in attendance.

The Standing Committee has met occasionally (mostly through the medium of Zoom) in order to review the problems caused by the pandemic and Government regulation.

The Finance Committee met once during the year.

A Fabric Committee was established during 2012 to report to the Guild Church Council.

The Council met three times during the year (on Zoom and with some members physically present in church).

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Aim and Purposes

The Guild Church of St Margaret Pattens exists to promote the gospel in and around the Guild Church and to minister to its two associated livery companies, the Worshipful Company of Basketmakers and the Worshipful Company of Pattenmakers. Also to provide a place of tranquillity and peace to all people and of all faiths or none in the City of London. As such it provides a haven for all who benefit from its presence in the City open for extended hours. To this end the Guild Church Council (GCC) considers that it fulfils its “Public Benefit” remit. However, during government imposed “lockdown” and other restrictions in 2021, caused by the Covid-19 generated pandemic the church has been open as often as permitted and as advised by the officials of the Diocese of London, the Archdeacon of London and the House of Bishops.

Objectives & Activities

The GCC is committed to enabling as many people as possible to worship at the church and become part of its wider community. Our services and worship embrace all through prayer, music and sacrament and the provision of a safe space for personal prayer and reflection in the busy City.

The GCC seeks provide services reflecting the annual cycle as prescribed by the Church of England, and additionally embracing a cycle of services for our two livery companies and has done so in 2021 in an open church when possible or through the medium of Zoom on the internet. Therefore, the GCC promotes throughout the year:-

Prayer and worship on a regular basis; Provision of education, counselling and pastoral care; Mission and outreach.

To facilitate this work the GCC keeps the building open to anyone from 7.00am to 4.30pm Monday to Friday (but see above).

Achievement and Performance

Prayer & worship

The GCC holds a service of Holy Communion on Thursday throughout the year aiming for a Choral Eucharist on the first Thursday of each month open to all. Due to the ups and downs of the pandemic, members of the choir have participated whenever they can, which has meant that there have been some members present every week. There are also occasional services of Choral Evensong scattered throughout the year. All are welcome to attend our worship and are encouraged to become part of the church community. Services have been held on Zoom (during the “lockdown periods”) or as a mixture of people attending in the congregation (when permitted between “lockdowns”) and Zoom during the year, with numbers attending holding up well.

There are 49 members of the church on the Church Electoral role (see later report of the Electoral Role Officer). As the church is situated in the City of London where there is little residential accommodation, the majority of the congregation is from the working population, few of whom live within the City. The weekly attendance is very variable as the congregation usually attend in their lunchtime and attendance is governed by the vagaries of work, meetings etc. (see above)

Special services are held for our two livery companies at various times during the year. (see above)

The church is open for individual prayer and contemplation (by those of all faiths and none) daily during the week. (see above)

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Provision of education, counselling and pastoral care

The church welcomes visits from primary schools in and around London. The schools visit the church, learn about key historical events in the City of London, and learn about the fabric of the church and its history. (The Guild Vicar and the Administrator are both DBS checked.) However, because of the pandemic use by schools in 2021 has been extremely limited.

Counselling is provided by the Guild Vicar and the Administrator (both retired schoolmasters). They are available, both, by appointment and open access (as available) to hear peoples’ problems and offer spiritual advice and guidance.

Mission & outreach

See above relating to schools.

The church had entertained the Christian Salvation Church on Sundays, they held two services each Sunday for Chinese residents in Greater London. However, because of the pandemic their use after the end of March 2021 had been limited. The implementation of the central London congestion charge to the weekend has meant that they have now left the church, their congregation, being in large part elderly relied on cars to get to church and the imposition of the congestion charge made it prohibitively expensive for them to attend. Therefore, the Christian Salvation Church has relocated its worship to a church outside the congestion charge zone. This has meant St Margaret Pattens Church has lost a significant income stream.

It also caters for choir rehearsals and other uses of the church by groups such as Alcoholics Anonymous. Due to pandemic choirs and AA have used the church only when permitted by government regulation.

Ministry

The most important event affecting the church in 2021 was that during the lockdown the clerk to our Patron, the Lord Chancellor, Mrs Helen Dimmock, took a new interest in the legal details of our establishment, and it was decided to institute and induct the serving priest as Guild Vicar. This, after an interregnum that had lasted for over thirty years, was a great encouragement, an honour to me, and a recognition that over so many years people had continued to love and to care for the church, undeterred by the ups and downs of the ways the church establishment had looked at things. A visit from the Bishop of London and the Archdeacon set all the legal formalities in place. Standing on our own feet, and an ecclesiastical entity again in our own right, the challenge now before us, and especially the Guild Vicar, is to live up to the confidence placed in us.

The cloud of Covid 19 continued to overshadow us all throughout the year. It was quickly difficult to remember exactly quite what was possible when in the course of it. We did emerge into the church building for limited periods, but things were far from “normal”. The City remained, generally, eerily quiet, depriving us of our usual engagement with each other and visitors.

It was a privilege for the Guild Church Council to elect Donald Newell as a Churchwarden Emeritus. It is easy to make a quick impact on a church, which is unfortunately equally quickly lost and forgotten. Donald, however, through the years, and indeed decades, worked patiently, ably and generously, to establish the church on surer foundations. As a surveyor, he followed up his professional survey with actions, not just words and reports. The church has made use of its spaces in an imaginative way, to generate long term income, and fabric that will be good for decades. Not only that, he participated in our life of prayer and concern for all around. We wish him a pleasant retirement from these church duties, and are pleased he continues to be part of the fabric of our life.

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Sarah Hodge and Ian Sanders came on board as churchwardens. We look forward to their being part of our life and work.

Zoom enabled us to stay in contact and to maintain a weekly routine of prayer. The choir came back when it could, and was able to give music to services both big and small.

Numbers at registered services, and those coming into the church, are down. Whilst we know that nearly every other church is in the same position, it still doesn't mean we can accept the situation without concern. We have to see quite what and who bounce back, and in what ways, and be ready to engage with people, probably new people, and probably in new forms.

Personally I have been strongly supported by our Administrator, Chris Moore and new senior warden, Tony Charlwood, and by the Venerable Stephen Robbins who has come in to take services, (and for which he has been granted a Permission to Officiate by the Bishop) for which I am grateful, especially during a period of illness.

It has been said that the church unusually holds together the past, the present and the future, but the bias should always be to the future. Let us hope that as we move out of the debilitating and worrying time of global pandemic that we can find new joy and fun in what we do, and share renewed confidence in faith in a God of love, hope and peace.

The Reverend Andrew Keep Guild Vicar March 2022

Choir

The last year has been a challenging and demanding year. I have given a great deal of time and energy to the weekly supply of music to the church services, whether on Zoom or in person. Although a greater commitment compared to other years this has been rewarding.

The year 2021 started in lockdown I found myself providing weekly music from home for the Zoom services, celebrating Epiphany all the way through to St David’s day in March. We were still in lockdown at Easter and we shared a Zoom Music and Readings for Passiontide on Maundy Thursday with Clare and myself providing pre-recorded choral items including the plainchants Adoramus te, Christe by Rosselli (1573) and Christus Factus Est from Cologne (1589). I performed the organ version of Pergolesi’s Stabat Mater Dolorosa.

The church opened in time for the Pattenmakers’ Ascension Day Service on the 13th May. Musical highlights were Mendelssohn’s Above all Praise and all Majesty, Walmisley’s Magnificat and Marenzio’s O Rex Gloriae.

Throughout the summer term the church enjoyed sung masses every week including settings by Bullock, Gibbons, Tallis and Batten. On 1st of July we celebrated Andrew Keep’s ruby anniversary of being ordained a priest with Mozart’s Missa Brevis in d minor, Gibbon’s Almighty and Everlasting God and Vaughan Williams’s O taste and see. Over the summer holidays we continued performing every week because congregations were not allowed to sing at this stage of the pandemic so without a choir to sing the services would have been very quiet. We continued doing this for the rest of 2021.

At the start of September we began the new term with a mass setting on Russian themes by Hutchins. To end the month, we had our harvest choral eucharist with Ireland’s Communion Service and Green’s Thou visitest the Earth. Highlights in October included a Service of Choral Evensong for

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the Institution and Induction of the Reverend Andrew Keep as Guild Vicar of St. Margaret Pattens. The choir performed Dyson’s setting in F, Radcliffe Responses, Wood’s Hail Gladdening Light and Rutter’s Lead Kindly Light.

This was followed a week later with the Basketmaker’s annual Installation Day service where the choir sang Calon Lan, Stanford’s Jubilate and Purcell’s I was Glad. November saw our annual service of Remembrance where we were accompanied by Chris Vickers on the trumpet. In December we had our Music and Readings for Advent with traditional hymns, readings and choral numbers, which included Stainer’s How beautiful upon the mountains and Stanford’s Benedictus in C.

Sadly, our annual lunchtime Christmas carol service was cancelled due to the advance of the Omicron Covid variant. Happily, we were allowed to do the Livery Festival of Carols in the evening. As well as the usual Christmas carols and readings we sang Bruckner’s Virga Jesse Floruit, Lauridsen’s O Magnum Mysterium and Rutter’s Joseph’s Carol which was first performed in tribute to the Oxford COVID Vaccine Trial Group in Dec 2020.

I would like to express my thanks to my loyal singers who, by our sustained hard work, have between them covered the music for each service. This has meant that the church has been able to enjoy choral music at every single service and not just on the first Thursday of the month and at special services, a record amount of church music since I became Director of Music over 20 years ago. In particular, I would like to thank Julia Warner who has had to step back from her unstinting service to the choir for many years due to personal circumstances. She is greatly missed.

I very much hope that our music contributes to the growth of the church congregation and raises its profile in 2022.

Rupert Perkins Director of Music February 2022

Deanery synod

1. Introduction

There are normally three meetings of the City Deanery Synod in the year - one in January or February when the Lord Mayor and Sheriffs are in attendance for the first part of the meeting, followed by a summer garden party and a business meeting in October. The summer social meeting is held in the Master's garden at the Temple Church, and attendance is by invitation of Robin Griffith-Jones, Master of the Temple. In 2021, the meeting and the optional Evensong which preceded it were subject to very strict anti-Covid precautions, but at least the evening's events were not cancelled.

Representation on the Deanery Synod, varies according to the number of persons on the church roll. For example, St Helen’s Bishopsgate, owing to its large weekday and Sunday congregations, has many representatives. St Mary-at-Hill, our parish church, has two and St Margaret Pattens has but one.

Apart from the usual business, meetings often include talks, presentations, workshops and discussions in small groups. Evangelism, outreach and social issues are the most common topics, but now new topics such as the environment and climate change are creeping into the agenda. Meetings last for two hours. Refreshments are served and there is plenty of time for fellowship before and after the meeting. As with all Deanery Synod meetings, one has the opportunity to meet representatives of other City churches, and there is nothing to stop representatives meeting for a drink after the meeting.

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One verbal report, which is given at all meetings, but can be easily overlooked, is that of the London Diocesan Board for Schools (LDBS). The Board was established in 1836 and its primary mission is to the 161 Church of England schools (58,000 pupils) in the London Diocese. Schools include nursery, primary and secondary schools, maintained schools, academies and free schools. Deanery Synod members can be appointed as trustees of the LDBS.

2. Meetings 2021/2022

As expected, the normal yearly pattern of Deanery Synod meetings was interrupted by Covid restrictions, but, as reported last year, it was encouraging when the Deanery Synod announced "business as usual", with Zoom meetings replacing or complementing live ones in some cases. Let us hope that normality continues from now on…

In the period covered by this report, one of the more complex, fact-filled meetings was held on Tuesday, 12th October 2021 at St Andrew Holborn. At this meeting which was chaired by our Area Dean, Revd. Katherine Hedderly, the main topic was "City Churches' Vision of the Future - in light of the Diocesan Vision 2030".

The meeting was attended by Bishop Ric Thorpe, Bishop of Islington, who is Priest-in[-] Charge at St Mary Woolnoth, St Edmund the King and St Clement, Eastcheap and an expert in church growth and church planting. Bishop Ric was appointed as Bishop of Islington in 2015 to oversee the Diocese of London’s church planting and church growth work. He also serves the Church of England nationally, supporting bishops, dioceses and church planters to develop church planting strategies and plant new worshipping communities in new places. He is the director of the Gregory Centre for Church Multiplication, which, from its base at St Edmund the King, offers church growth and church planting training and support. Before being appointed to Islington, Bishop Ric was the Bishop of London’s Adviser for Church Planting and Rector of St Paul’s Shadwell.

He introduced the Diocesan Vision 2030, after which the rest of this part of the meeting consisted of group discussion. For example, participants were asked to consider what have been the issues that have come out of Covid. In his concluding remarks, Bishop Ric pointed out that many initiatives in church growth had come out of the global Covid-19 pandemic, for example overcoming the challenges of technology in order to facilitate the holding of virtual services in the event that clergy were prevented from entering their own churches. The term "virtual parish" was even used.

The next Deanery Synod meeting, which was attended by the Lord Mayor of London, was on Tuesday 11th January 2022 at 6pm at St Botolph Bishopsgate Church. The theme of the meeting was: Caring for God’s Earth - responding to the City’s Climate Action Strategy and What can City Churches do? I regret that I was unable to attend this meeting, so therefore cannot report in detail on the content. Minutes of the meeting, when received, can be forwarded to GCC members and other interested parties. The City's Climate Strategy can be viewed on-line at…

https://www.cityoflondon.gov.uk/services/environmental-health/climate-action/climate-action-strategy

3. Future Meetings in 2022

The next meetings will be on Wednesday, 15th June and Tuesday, 11th October 2022.

4. Conclusions and Observations

(a) Deanery Synod meetings provide an excellent opportunity for representatives of both laity and clergy to meet together. They are very useful for networking and making other City churches aware of the work and ministry of St Margaret Pattens and vice versa.

(b) The meetings bring together in harmony City churches with differing Anglican traditions

(c) The meetings have often been a forum for learning about and discussing issues of all types: social ones, and how the churches can be involved; controversial ones affecting the Church of England, for

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example the ordination of women and appointment of women bishops, and latterly ecological and environmental issues.

(d) Presentations are often very detailed and informative. It would be useful if presentations could be viewed on - line and made accessible to others via the City Deanery Synod website.

John Harrison Deanery Synod Representative February 2022

Electoral Role Officer’s report

The Guild Church Electoral Roll numbers forty-nine members.

This shows a figure that has not grown in 2021 because of the limited access to the church premises. The regular members of the congregation are keen to be on the mailing list. If the number on the Electoral roll is to grow, then we should continue to encourage these regular attendees to consider joining the roll.

Christopher Moore Electoral Roll Officer March 2022

Fabric Report

Regular Annual Maintenance.

Maintenance and inspection arrangements are in place in respect of

• Gutters, downpipes and roof surfaces

• Fire Alarm system

• Fire extinguishers

• Lightning conductor

• Boiler and heating system

• Organ

• PATS Electrical tests

• Cleaning.

Work carried out in 2021

The Ten Year Plan for 2019 - 2029

Apart from the major accomplishment of completing the Organ Restoration work in 2019/20, the implementation of the new 10 Year Plan for this decade has been delayed.

The GCC are mindful that the plan was drawn up encompassing the findings of the Quinquennial Inspection undertaken in 2017, however, a new Quinquennial Inspection falls due in 2022 and the plan will need to be reviewed in the light of any findings from the new report.

The priorities that were identified in 2017 for attention in this decade were:

• Interior redecoration of the Church, including the Narthex, which was last completed in 1991. This will be a major undertaking and scaffolding will be needed.

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• Carry out repairs to the South elevation of the Nave Clerestory.

• Repairs to the Vestry roof and East aisle window.

• To review the current lighting scheme in the Church. Any work needed at high level should be done when scaffolding access is available at the time the Church interior decorations are undertaken.

Many other small items will be considered when finance is available. These will include:

• 1) improving the forecourt and the external South Entrance steps;

• 2) joinery repairs to pews and panelling;

• 3) and replacing the boiler.

The GCC will need to draw up a phasing plan for the works having regard to the cost estimates and the post pandemic economic climate together with any new items resulting from the 2022 inspection.

Tony Charlwood Churchwarden & Parish Clerk March 2022

Ecumenical relationships

The two Livery Companies, the Basketmakers and the Pattenmakers, support the church through worship and grant aid. They have special services at the church several times each year. However, because of the pandemic special services for the Livery have been limited. A Livery Carol Service was held on 16[th] December 2021 with about eighty people in church. The event was strictly monitored with vaccination status checked and all attending requested to take lateral flow tests before coming to the church.

Other Livery Companies, from time to time, use the church for special services, and the church supports the wider mission of the City and the Lord Mayor and is open to the laity for private worship, ‘though this has been severely curtailed in 2021.

The church also conducts weddings and baptisms, ‘though demand for such services is very variable.

Safeguarding

The Guild Church Council takes seriously its responsibility to protect and safeguard the welfare of children and vulnerable adults. This Safeguarding Statement applies to all who make up the church ‘workforce’ which includes all clergy, holders of Bishop’s licence or permission, those commissioned or authorised by the Bishop, those, paid or unpaid, who hold positions of responsibility and work with children or vulnerable adults, and those with representational ministry, for example; churchwarden, organist and choir members. For the purposes of this statement it covers the GCC and the Guild Vicar who are together responsible for ensuring that diocesan safeguarding policies and procedures are implemented. For the purposes of this document a child is anyone under the age of eighteen years.

Policy 1.

The GCC has adopted, and regularly reviews, its commitment to the House of Bishops’ safeguarding policy. A copy of the full relevant policy is obtainable on the Diocese of London's website and a hard copy is displayed on the noticeboard in the Narthex.

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Policy 2.

The Guild Church Safeguarding Representative is Chris Moore and he has been appointed by the GCC. The Children’s Champion is the Reverend Andrew Keep and he has been appointed by the GCC.

Statement of Commitment :

The GCC will develop a safeguarding culture that:

•Creates an environment where there is awareness and vigilance about the signs, symptoms and impacts of abuse.

•Enables and encourages all concerns or allegations to be raised in order to protect children and adults from harm.

•Ensures all those who work or volunteer on behalf of the church with children and adults achieve the standards required by this policy.

•Holds to account those in the church community who disregard the safety and well-being of children and adults.

Financial Review

The 2021 accounts have been prepared on the Accruals basis as they were in 2020.

General Fund, Unrestricted - In the year the church spent £103,453 to provide ministry including a contribution to Common Fund of £32,500 which was £1,000 more than that requested from the Deanery as a contribution to the work of the wider church. The amount that the church contributes to Common Fund is based on a multi-faceted formulae and for Guild Churches with no accommodation for a priest is substantially less than for churches in the Deanery with accommodation for a priest.

The net result for the year on this Fund was an excess of income over expenditure which will need to be committed towards repair/redecoration work identified by the Reporting Architect in the latest Quinquennial report on the fabric of the church. The church was designed by Sir Christopher Wren and is Grade One listed.

Impact of Covid - 19

During 2021 there continued to be a significant loss of income from lettings (estimated to be around £45,000), which was caused by the unforeseen loss of the Christian Salvation Church (see above) and the resignation of the Archdeacon of Hackney (resulting in the office used by her no longer being required, hence a loss of rent), together with reduced lettings to choirs etc. Furthermore, there has been a loss of rent from the forecourt coffee vendor who has had to shut for some of 2021 and whose income has been affected by office workers in the City “working from home”, again on government advice.

Reserves Policy

The GCC’s policy is to hold one year’s operating expenditure in reserve (c£100,000) to cope with emergencies to be expected in a church building of the age of St Margaret Pattens. Currently some £9,900 is held in the reserves.

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Volunteers

The GCC would like to thank all volunteers for their hard work, in particular our non-stipendiary priest the Reverend Andrew Keep.

Structure, governance and management

The GCC has met on three occasions during the year (see above, because of the pandemic the members of the GCC have been in contact, regularly, ‘though not sitting formally as the GCC). Given its responsibilities it has three sub committees:-

• i) the Standing Committee whose members are the four Churchwardens and the Guild Vicar (which meets as required) and;

• ii) the Finance Committee whose members are as above for the Standing Committee plus the church Treasurer (which met once in 2021) [although the church’s accounts are continuously monitored by the Treasurer, Guild Vicar and Churchwardens] and;

• iii) the Fabric Committee, the membership of which is variable as to circumstance, meets as necessary.

Administrative information

The Guild Church of St Margaret Pattens with St Gabriel Fenchurch is situated on the corner of Rood Lane and Eastcheap in the City of London.

The church of St Gabriel Fenchurch was a small church standing in the middle of Fenchurch Street adjacent to where the main entrance to the office block, 31 Fenchurch Street, now stands. The church was destroyed by the Great Fire of London in 1666. After the Fire it was decided to join together the churches of St Margaret Pattens and St Gabriel Fenchurch. This is recognised by the canopied churchwarden’s pews at the back of the nave, one designated for churchwardens from St Margaret Pattens and one designated for churchwardens from St Gabriel Fenchurch.

The GCC is a body corporate (PCC Powers Measure 1956, Guild Churches Acts 1954 and 1960, the Church Representation Rules 2017) and is registered with the Charity Commission; registered number 1181352.

GCC members serve from the date of the Annual Meeting (usually held in April) and hold office until the date of the next Annual Meeting and their names are set out at the beginning of this report.

Approved by the GCC on 31st March 2022 and signed on their behalf by

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THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS BALANCESHEEr 31 December 2021 Total Note FIXED ASSET5 11,581 14.620 CURRENT ASSErs Debtors and prepayments Shortterm Deposits Cash at bank and in hand io 7.393 10,Ci)2 3&491 9,981 5S.886 45.707 LIABIUnES C￿ditOrs-Amountsf31llnE due within one year li NET CURRENT ASSETS / {LIABIUTIES} 42.821 24503 TOTAL ASSET5 LESS CURRENT UABILITIES 54,402 41124 Creditors- Amounts falling due after one year TOTAL ASSErs 115.598) (34876) GUILD FUNDS Unre5trirted 12 40.773 31,259 Restricted 12 156,371) 14876) Approved by the Guild Church Council on the 31st Mardi 2022 and signed on its behalf by: The Reverend Andrew Keep. Guild Vicar and Chairman of the GCC Tony Charfwood, Churth Warden Nell osmond. TreaSu￿r The notes on pages 15to 19fomi part of these accounts 13

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

STATEMENT OF FINANCIAL ACTIVITIES

31 December 2021

Note RECEIPTS Voluntary Receipts 2(a) Activities for generating funds 2(b) Investment income 2(c) Church activities 2(d) Total receipts PAYMENTS Church activities 3(a) Raising funds 3(b) Total payments Net of receipts/(payments) Transfers between funds Total funds brought forward Total funds carried forward	2021 53,091 43,120 21 18,000 Unrestricted fund	2021 12,500 - - - Restricted funds	2021 2020 65,591 63,377 43,120 45,385 21 37 18,000 18,167 Total funds
	114,232	12,500	126,732 126,965
	104,189 529 104,718 9,514 - 31,259 40,773	(1,264) - (1,264) 13,764 - (70,136) (56,371)	102,924 114,031 529 - 103,453 114,030 23,278 12,934 - - (38,876) (51,810) (15,598) (38,876)

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NOTES TO THE FINANCIAL STATEMENTS

31 December 2021

1 ACCOUNTING POLICES

The GCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2001 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of GCCs. And with the Regulations' "true and fair view" provisions, it is also the first year that they have been prepared under FRS102(2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

These financial statements include all transactions, assets and liabilities for which the GCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

ASSETS

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from statutory definition of 'charity' by Section 10(2)(a) and (c) of the Charities Act2011 such assets are not captalised in the financial statements.

Moveable church furnishings

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the GCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2001 is written off.

Tangible fixed assets for use by the charity

Individual items of equipment with a purchase price of £1,000 or less are written off in the period in which the asset is acquired.

Items used within the church premises are depreciated at the following rates:

Grand piano - Fully depreciated, no annual depreciation charge Computers & other similar equipment - on a straight line basis over 5 years Furniture & equipment not included above - on a straight line basis over 10 years

An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.

Investments

Investments are valued at Market value at 31 December.

Short term deposits

These are the cash held on deposit either with the CCLA or at the bank.

FUNDS

Unrestricted Funds

These represent the remaining income funds of the GCC that are available for spending on the general purposes of the GCC, including amounts designated by the GCC for a particular purpose.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

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NOTES TO THE FINANCIAL STATEMENTS

31 December 2021

2 INCOME 2(a) Voluntary income Planned giving: Gift Aid donations Tax recoverable Other Collections and Alms: Open plate Grants: Trust for London Burial Ground Foundation Livery Companies: Pattenmakers Basketmakers Friends of St Margaret Pattens Sundry donations 2(b) Activities for generating funds Hire fees Forecourt trading Radio Mast income 2(c) Investment income Interest on Short term deposits 2(d) Church activities GCC fees and Church events Hire - Tower Room	Unrestricted fund 2021 4,800 4,781 - 2,759 906 2,500 8,000 4,500 7,000 17,845 53,091 24,089 2,300 16,731 43,120 21 21 - 18,000 18,000	Restricted funds 2021 - 2,500 - - - - - - - 10,000 12,500 - - - - - - - - -	2021 2020 4,800 4,800 7,281 8,188 - - 2,759 1,291 906 3,656 2,500 - 8,000 8,000 4,500 4,500 7,000 4,000 27,845 28,942 65,591 63,377 24,089 25,654 2,300 3,000 16,731 16,731 43,120 45,385 21 37 21 37 - - 18,000 18,167 18,000 18,167 Total funds	2021 2020 4,800 4,800 7,281 8,188 - - 2,759 1,291 906 3,656 2,500 - 8,000 8,000 4,500 4,500 7,000 4,000 27,845 28,942 65,591 63,377 24,089 25,654 2,300 3,000 16,731 16,731 43,120 45,385 21 37 21 37 - - 18,000 18,167 18,000 18,167 Total funds
				63,377
				25,654 3,000 16,731
				45,385
				37
				37
				- 18,167
				18,167

16

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

NOTES TO THE FINANCIAL STATEMENTS

31 December 2021

Note 3 EXPENDITURE 3(a) Church activities Diocesan parish share Clergy and staffing costs 4 Church running expenses Training Church running expenses Church maintenance Music - organ and choir Cleaning Depreciation Major repairs Church maintenance - internal Church maintenance - external Church conversion costs - Architects fees Organ refurbishment 3(b) Raising funds Stewardship costs 4 CLERGY AND STAFFING COSTS Administrator - salary and costs Visiting clergy - fees and expenses Average number of employees 5 GOVERNANCE COSTS Independent examiner Administration costs, including meetings and refreshments	Unrestricted fund 2021 32,500 24,275 - 8,828 5,543 8,924 7,319 5,687 3,040 - 589 7,484 - 104,189 529 529	Restricted funds 2021 - - - - - - - - - - - - (1,264) (1,264) - -	2021 2020 32,500 32,500 24,275 24,653 - - 8,828 8,902 5,543 7,736 8,924 6,653 7,319 8,462 5,687 5,449 3,040 3,040 - 10,385 589 1,557 7,484 - (1,264) 4,694 102,924 114,031 529 - 529.08 - 2021 2020 24,170 24,593 105 60 24,275 24,653 1 1 2021 2020 1,750 1,500 1,750 1,500 Total funds	2021 2020 32,500 32,500 24,275 24,653 - - 8,828 8,902 5,543 7,736 8,924 6,653 7,319 8,462 5,687 5,449 3,040 3,040 - 10,385 589 1,557 7,484 - (1,264) 4,694 102,924 114,031 529 - 529.08 - 2021 2020 24,170 24,593 105 60 24,275 24,653 1 1 2021 2020 1,750 1,500 1,750 1,500 Total funds
				114,031
				-
				-
				2020 24,593 60
				24,653
				1 2020 1,500
				1,500

17

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

NOTES TO THE FINANCIAL STATEMENTS

31 December 2021

6 RELATED PARTIES

During the year no GCC members or persons closely connected to them or related parties received any payments for expenses.

Donations included £30,300 from four GCC members.

7 LOAN RECEIVED

On the 3rd October 2019 a loan of £100,000 was made to the church by the Newell family to cover the cash shortfall in funds, so far raised, towards the refurbishment of the organ.

The use of the loan is restricted to funding the organ restoration.

The loan is interest free and to be repaid in full with a minimum sum of £10,000 being paid per annum.

8 CONNECTED CHARITIES

The Friends of St Margaret Pattens

The GCC are supported by the fund raising activities of the Friends of St Margaret Pattens, which has a separate charity registration.

9 FIXED ASSETS - TANGIBLE Cost At 1st January Additions At 31st December Depreciation At 1st January Charge for the year At 31st December Net book value At 31st December 2020 At 31st December 2019	Concert Piano 7,500 10,604 11,127 - - - 7,500 10,604 11,127 7,500 3,333 3,777 - 2,121 919 7,500 5,454 4,696 - 5,150 6,431 - 7,271 7,349 Computers & other similar equipment Furniture & equipment not included above	Total 29,231 -
		29,231
		14,611 3,040
		17,650
		11,581
		14,620

The concert piano, although fully depreciated, is thought to have a value of approximately £7,500.

10 Debtors Prepayments Tax recoverable CURRENT ASSETS	2021 2020 - - 6,358 1,250 1,034 429 7,393 1,679

18

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS

NOTES TO THE FINANCIAL STATEMENTS

31 December 2021

11 LIABILITIES Other creditors Accruals Loan Note 7 Loan Note 7 Amounts falling due within one year Amounts falling due after one year	2021 265 2,800 10,000 13,065 70,000 70,000	2020 204 9,000 10,000
		19,204
		80,000
		80,000

12 SUMMARY OF FUND MOVEMENTS

Unrestricted General Fund Restricted Funds Organ Restoration Fund Pew Fund Reading Fund Tower Fund / Premises Fund Total funds	Balance b/fwd 31,259 (74,816) 2,217 2,464 (70,136) (38,876)	Incoming Resources 114,232 12,500 - - 12,500 126,732	Resources expended (104,718) 1,264 - - 1,264 (103,453)	Transfers Balance c/fwd - 40,773 3,681 (57,371) 1,000 1,000 (2,217) - (2,464) - - (56,371) - (15,598)

SUMMARY OF ASSETS BY FUND Tangible fixed assets Current assets Liabilities: Amounts falling due within one year Amounts falling due after one year	Unrestricted 14,620 25,843 (9,204) - 31,259	Restricted - 23,629 (10,000) (70,000) (56,371)	Total 14,620 49,472 (19,204) (70,000)
			(25,112)

13 SUMMARY OF ASSETS BY FUND

19

THE GUILD CHURCH COUNCIL OF ST. MARGARET PATTENS INDEPENDENTEXAMINERS REPORT to the THE GUILD CHURCH COUNCIL OF ST MARGAREf PATfENS I report on the accounts of the church for theyear end￿1 31 DeC￿nber 2021. vthich are set out on pa8es 13 to 19 Respectfve re5Wth51)Itks of trustee5 exarnlner Thechurch's trustees are re5ponsiblefor the preparation ofthe accounts. The church's truststs consider that an audit is not rquired for this year under s￿tion 144121 ofthe tharities P£t 2011 lthe 2011 ktl and that an ndependent eAarrination is needed. It 15 rrry responsibility to.. aminethe accounts under section 145 of the2011 P£t to followthe procedure5 laid down in the general DiT￿lOn5 giv￿ by the Charity CoThwni55ion under $￿tion 1451511bl of the 2011 kt.. and to state whethet parkncular MaI￿r5 have coNto attthtson. Baslsof kndependent exankner's report My VAarnination was carried out in accordancewith the General Directions 8iven by the Charity Comrnission. examination includes a of the accountin8 records kept by the charity and a comparison of the accounts presented with those rerords. Ita150 include5 consideration of any unusual item5 of di5cIosure5 in the accounts and seekin8 explanats"on5 from you a5 tru51ee5 concernin8 any such rnatt￿5. The procedure5 undertaken do not provide al l theevidence that would be ro]uiid in an auditand consequently no opinion is given as to whether the accounts presenta 'true and fair vie•/ and the report is linyted to those mattvs set out in the statement below. kndependÈnt exmther'satèmétht Si nce the gross i ncome for the year exce(￿$ the anx)unt provid￿ in secbon 145131 of theAci I can confirm that I arn qualified to act as Independent Exa￿n￿ undw the provisions of that section of the rtand that my qualificab.on 15 as Shown bdow. In connection with my exarnination, no rnat￿r has corne to my attention: which gives mè rÈasonablècausÈ kn b￿l￿ethat in any matÈrial r@spettthÈ r¥uiremÈnts to keep accounting records in accordance section 130 of the 2011 A£t: and to prepare accounts which accord with the accountin8 records and comply the accounting requirements of the 2011 kt have not been nxt.. or tu which, in my opinion, attention should bedra7fvm in ordu to ￿able a proper understsnding of the accounts to be reached. BOARDMAN & CO 36 Refflards Road Welwyn HertFord5hire AL6 9TP SUSAN BOARDMAN FCA CharterLxI P£countsnt 4th April 2022 20