# **2021 Report and Accounts for the Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury. Registered charity number 1185830** ## **Annual report of the Trustees (PCC)** ## **AIMS AND PURPOSES:** St Philip’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent Vicar, who was, until June 2021, the Reverend Canon Father Younis Francis, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Fr Younis left St Philip’s in June 2021 and the Benefice became vacant on 6[th] July 2021 – otherwise referred to as “interregnum”. The PCC is also specifically responsible for the maintenance of St Philip’s Church, Church Hall complex and grounds. Within our overarching aim we proclaim our mission to be: _Worshipping God_ _Walking together in faith_ _Warmth and width in fellowship_ _With our aim to reach out to serve and welcome_ ## **WORSHIP:** The year 2021 has been another exceptional one as the country and communities cautiously emerged from restrictions and lockdowns imposed to contain and fight the global coronavirus / covid-19 pandemic and people were vaccinated against the virus. Worship at St Philip’s flexed and adapted and regular worship in church was gradually restored with appropriate protocols in place within the limitations of being in vacancy without any clergy. Whilst online services were phased out during our period of vacancy it is recognised that our “virtual” congregation had expanded beyond local and nearby to worldwide. The skill and technology that had supported the streaming of services remains available and has continued to be used for special services including some of the Christmas 2021 celebrations and funerals. In more normal, non-pandemic times St Philip’s has Servers, robed choir and Chalice assistants at principal services. There is lay involvement in intercessions and readings on Sundays and principal feast days. During 2021, the sharing of the Eucharist was reintroduced, communion was made in one kind only and this has been the case throughout the year. Within a “relaxed-Catholic” tradition of worship, St Philip’s caters for the spiritual needs and interest of all ages. During the vacancy there has been one Holy Communion service on a Sunday morning and Choral Evensong every other week (during school term time). The midweek Wednesday morning service has been a Morning Prayer. Bible study group was re-launched in the autumn of 2021, meeting once a fortnight. Lent preparation **Page 1 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 and Easter were celebrated in church with live streaming ensuring that as many of the congregation as possible could participate. The PCC is grateful to Fr Younis, and, latterly, the churchwardens, for their care, ingenuity, talent, perseverance, resilience, and vision throughout the year keeping worship at St Philip’s regular, accessible and meaningful. When services resumed with a congregation present in church, the PCC put risk-assessed controls and safety measures in place to reduce the transmission of the covid-19 virus and has, at all times, been observant of the many and various guidelines issued by the government, Diocese and the Church of England. During the period of vacancy, St Philip’s has been supported by visiting clergy who have covered weekly Holy Communion and feast day services. Experiencing the different styles of preaching and presiding has been truly enriching and refreshing for our congregation and we are deeply appreciative of the support we received. Ordinarily, a full choir of boys and ATB male lower voices enhances the worship throughout the year with a repertoire and standard of singing usually associated with Cathedrals. This was gradually reintroduced during 2021. In September 2021 the family of St Philip’s was shocked and deeply saddened by the death, after a period of illness, of Robert Prizeman, organist and Musical Director at St Philip’s for over 50 years. The choir members, music and singing have continued as was his wish and legacy, though Robert is greatly missed and mourned. The electoral roll was renewed in 2021 and the certificate recorded 78 on roll (in 2019 it was 80). Average attendance at the Family Holy Communion service was below normal prepandemic levels but, on the whole, the parish was glad to be back in church – numbers gradually restored and attendance peaked for the Christmas services. ## **OBJECTIVES and ACTIVITIES:** The PCC is committed to putting its Mission Action Plan (MAP) into practice and keeping it refreshed, alive and relevant, although, focused, as it is, on outreach, activity was again curtailed during 2021 due to the pandemic and the vacancy. The PCC maintains an overview of worship and was pleased that use of the church by a community of Urdu-speaking Pakistani Christians and also the long-established sharing by the Assembly of the First Born resumed in 2021. The relationship with the “Pakistani” / Urdu-speaking community is particularly strong in fellowship and the PCC acknowledges with thanks the practical support the group provides to the maintenance and upkeep of St Philip’s grounds and buildings. In October 2019 the PCC became a registered charity, number 1185830. The PCC is persevering with plans to refurbish the toilets in the hall and, in time having due regard for the move towards sustainable energy, a replacement of the central heating systems which service the church and the hall complex. Priority works continue in relation to cracks in the church building. **Page 2 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 During the summer of 2021, the PCC formed a “task and finish” group to compile, in consultation with the congregation, the Parish Profile describing St Philip’s to support recruitment of a new incumbent. This was finished and approved in December 2021. Desmond Duffus and Eleanor Lewis were nominated by the PCC as the parish representatives in the selection process. The Bible Study Group resumed in September 2021 meeting fortnightly, led by Matthew Bodley. ## **ACHIEVEMENTS and PERFORMANCE:** During 2021, following the departure of Fr Younis, the Ministry team dropped from one to none. Whilst this undoubtedly created additional responsibility for the Churchwardens and PCC the day to day running of St Philip’s was maintained. The sharing out of administrative and organisational tasks to the Church Officers and PCC members was well established. Production of the monthly printed Parish magazine which had fallen to Fr Younis was taken up by Anusha Paulraj when he left, along with production of the weekly pewsheet. The magazine has a wide circulation way beyond the Parish boundary. The launch of contactless giving at St Philip’s in late autumn introduced a new dimension to donations and, with encouragement and perseverance, has become a helpful additional income stream particularly for occasional visitors including those from overseas who can “tap to give” very easily. We are grateful to the Diocese for subsidising the hardware. The PCC invested in the purchase of a Defibrillator and is working to train a group of parishioners and regular users of the hall in its use. Social and outreach activities were largely suspended during the pandemic and had been sorely missed as have the regular, popular fund-raising and fellowship events but we were pleased and encouraged to see our regular hirers return to use the hall and delighted to welcome a Playtime parent and toddler group start up in the autumn. The PCC appointed an Architect, Sue Kent, to undertake the Quinquennial Inspection in June 2019 and has worked co-operatively with her since, not least on matters relating to the “crack”. Whilst we have grown used to the unsightly, but necessary propping up of the area the PCC looks forward to the time when the results of monitoring lead to remedial action. **Page 3 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **FINANCIAL REVIEW:** ## **Financial Report, Annual Report to APCM 2022 (year ending 31[st] December 2021)** - The pandemic continued to impact St Philip’s in 2021 and income did not return to the prepandemic levels of circa £70,000pa in 2019. - The **receipts** to the General Fund for the year were ahead of budget at **£59,828** (budget of £48,650) and an increase on 2020 (£49,322). There were increases across most income categories, but the income from General Donations and Fund-Raising Activity were down on 2020. - Our **expenses** (General Fund Payments) were **£79,165** , versus a budget of £88,350. Whilst we came in under budget, our 2021 costs were greater than in 2020 (£72,633), reflecting the increased use of the Church and Hall as Covid restrictions were lifted. - We ended 2021 with an operating **deficit** of **£19,337** on the General Fund compared with a budgeted deficit of £39,700. This takes our cumulative operating deficit to £121,814 at the end of 2021. ## **Parish Support Fund** - We honoured our **pledge** to the Diocese of **£40,000** in full in 2021. ## **Cedric Collings Memorial Fund** - The PCC is managing trustee of this trust, which was set up to provide financial support to members of the parish who undertake theological and related training. - In 2021, we **spent £208** from the fund on bibles for the Bible Study Group. ## **Legacies** - Thanks to legacies left by former members of St Philip’s we have been able to offset the operating deficit incurred on the General Fund over the last few years. - This year we received a bequest of **£10,000** from the late **Derek Thomas Keeping** . - We also used part of two of the late **William Baker’s** legacies as follows: - **£2,298** spent **monitoring the crack** in the west wall of the church. - **£3,924** spent on **felling trees** at the back of the church that were identified as potential causes of the crack in the west wall. - **£2,747** donated to **charity** as suggested in his will. The charities were Dementia UK, Macmillan Cancer Support, Crisis UK, Christian Aid, USPG, Additional Curates Society, Chartwell Cancer Trust Lilly Pad Appeal and Cassandra Learning Centre. ## **Summary** - We did well against our budget for 2021. We managed to end the year with a smaller operating deficit than had been budgeted for. **Page 4 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 - The market value of our **investments increased** by **£108,387** in 2021. We started the year with total funds of £745,920 and closed the year with £841,608 overall. This allowed us to offset the continuing operating deficit in our General Fund. - However, we end with a word of caution. As of April 2022, the market value of our investments has decreased in value by circa £85k; this of course wipes out a large proportion of the gain made in 2021. Therefore, whilst we have investments to rely on for a rainy day, they are subject to market fluctuations. It should also be noted that part of these funds have already been earmarked for major maintenance projects such as the Hall toilet refurbishment, repair of the crack in the west wall of the Church and the replacement of the heating system in the Church and the Hall. We must do more to stabilise and grow our underlying income in 2022 and future years to make sure that our financial position remains sustainable. ## _**Anusha Paulraj**_ ## _**David Bishop**_ Honorary Treasurer May 2022 Assistant Honorary Treasurer **Page 5 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **MEMBERSHIP OF PCC:** Lay members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with Church Representation Rules in force at the time (revised 1[st] January 2020). The PCC can co-opt up to two members subsequently to serve for one year. **The following served as members of the PCC 2021 – 2022.** The start of continuous service was calculated in October 2019 as part of the application for registration as a charity and is shown alongside each name. Members of the PCC are Trustees of the charity. The PCC does not currently restrict the number of consecutive three-year terms of office a member may serve but regards three terms to be a reasonable maximum followed by a break of at least one year. Those due to retire in 2022 are marked*. Lay parochial representatives to the Deanery Synod were elected on 18[th] April 2021 to serve until 2023. |**Clergy:**||| |---|---|---| |Vicar|Revd Canon Younis|Chair until 5thJuly 2021| ||Francis|| |**Laity:**||| |**Churchwardens**|Winston Worrell *|| ||Desmond Duffus *|Parish Safeguarding| |||Officer| |**Deanery Synod Lay Parochial**|Matthew Bodley (2020)|| |**Representatives (by default)**||| ||Desmond Duffus (2015)|| ||Winston Worrell (2003)|| |**Elected Members (9) (by default)**|David Bishop (2001)|Asst Hon Treasurer| ||Maria Carberry (2017)|| ||Diana Claridge (2017)|| ||Jo Cranfield (1995)|Electoral Roll Officer| ||Eleanor Lewis (2001)|Vice Chair / Hon Secretary| ||Vanessa Mcleod (2018)|| ||David Ogilvie (2012)|| ||Anusha Paulraj (2013)*|Hon Treasurer| ||Carol Ross-Gower (2021)|| |**Members co-opted by the PCC**|Obaid Alban (2015)*|| ||Sherrett Morris (2021)*|| |**Minute Secretary**|Jackie Barlow|| |**Honorary Treasurer**|Anusha Paulraj*|29 Lakehall Road| |||Thornton Heath, CR0 7EG| |**Independent Examiner**|Andrew Winter, MA,|20 Lime Tree Grove| ||ACIB|Croydon, CR0 8AU| **Page 6 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **Meetings:** The PCC held five scheduled meetings between the APCM in May 2021 and the APCM in May 2022. Meetings prior to May 2021 were held remotely, online using a video conferencing platform, ZOOM. In person meetings in the church resumed from May 2021 initially as hybrid. Attendance through the year supported effective discussion and decision making. Electronic communication was also used to gather opinion or agreement between meetings. The PCC is grateful for the support of a minute taker, Jackie Barlow (who is not a member of the PCC). ## **Committees:** The PCC operates through a number of committees, which meet between the scheduled meetings of the full PCC and provide oral and / or written reports / minutes to the PCC. Inperson meetings held in church were re-established from May 2021. - **Standing Committee:** The only mandatory committee constituted in accordance with the Church Representation Rules. It may transact the PCC’s business between meetings of the PCC subject to any directions as to the exercise of its power laid down by the PCC. Membership in 2021 was the Vicar, the two Churchwardens, the Hon Treasurer, the Hon Secretary, David Ogilvie and David Bishop. No meetings were convened in 2021. - **Stewardship Continuation Committee:** Works with the incumbent to review Christian Stewardship; Gift Aid and Time & Talents. The Job Co-Ordinator is a coopted member of this committee which meets twice a year, chaired by Eleanor Lewis. David Bishop is the Secretary and Stewardship Scheme Recorder. - **Buildings and Grounds Maintenance:** As a working group reporting to the PCC via David Ogilvie and the Churchwardens ensures the fabric of the church, halls and grounds is maintained in good order - **Worship Advisory Group:** Works with the incumbent and other Clergy to set the direction of worship in St Philip’s. The committee did not meet in 2021. The Director of Music is co-opted to this committee. - **Church Hall Committee:** Usually meets at least annually and works with the Hon Church Hall Manager and Incumbent to review hall rates of hire; terms and conditions and related health & safety and safeguarding policies. The Hon PCC Secretary minutes this committee and processes correspondence. The loss of income from church hall hire has been monitored by PCC. - **Parish Support Fund:** A “task and finish” sub-committee met virtually in September 2021 to consider and draft the parish pledge for 2022. The pledge (£36k) was proposed and approved at the PCC meeting held on 15[th] September 2021. Following a review with the Archdeacon and the Diocesan giving team the pledge was subsequently increased to £44k. The PCC received reports from the Social Committee. **Page 7 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **Safeguarding:** The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). CoE Safer Church principles are followed. The PCC and Parish of St Philip take the safeguarding, wellbeing, safety and care of children and vulnerable adults very seriously. Policies are reviewed annually, and the Safeguarding Officer is a member of the PCC. Information and policies are posted on the parish website. The PCC is seeking to appoint a Deputy Safeguarding Officer to support Desmond Duffus in his role of Parish Safeguarding Officer. Training and awareness are a high priority. ## **CHURCH HALL COMPLEX:** The church hall complex is managed by a volunteer supported by the Vicar and, during the vacancy, by Eleanor Lewis. It comprises a large hall with stage, small hall, kitchen and committee room. A local dance academy is the main hirer and key source of income and other regular users include badminton and karate clubs. Church groups including the choir and the Pakistani community make regular use of the facilities for social and rehearsal purposes. There are ad hoc bookings for family celebrations which are picking up. Occupancy through the year is usually high. In 2021 use gradually picked up and the PCC resurrected a project to refurbish and extend toilet facilities which proceeding through the necessary stages of agreement. Income from rentals of the church halls is essential to the financial health of St Philip’s. Given how reliant we are on income generated by letting the church hall, the voluntary work of Winston Worrell as Church Hall Manager is recognised as an outstanding and significant contribution to St Philip’s. Too often a thankless and challenging role dealing with all sorts of situations and people, Winston handles it all cheerfully, honestly and tirelessly for which we thank him deeply and sincerely. ## **Eleanor Lewis Vice Chair / Hon Secretary PCC** May 2022 **Page 8 of 8** The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ST PHILIP, NORBURY, LONDON** ## **FINANCIAL STATEMENTS (ACCOUNTS) FOR YEAR ENDED 31[ST] DECEMBER 2021** ## **PREPARED BY:** Anusha Paulraj, Hon Treasurer David Bishop, Assistant Hon Treasurer ## **INDEPENDENTLY EXAMINED BY:** Andrew Winter, MA, ACIB ## **Legal Status** Registered with the Charity Commission as The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury, number 1185830 ## **Incumbent** 1[st] January to 5[th] July 2021, The Revd Canon Younis Francis (Vicar) 6[th] July to 31[st] December 2021, Vacant ## **Bank** National Westminster Bank Norbury Branch London SW16 4AL ## Independent Examiner’s Report I report on the Accounts of the PCC for the year ending 31[st] December 2021, which are set out in the Financial Review section of the Annual Report of the Trustees (PCC). ## **Respective responsibilities of trustees and examiner** The PCC is 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: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **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 next statement. ## **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: - a. to keep accounting records in accordance with section 130 of the 2011 Act; and - b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Andrew Winter, MA, ACIB 20 Lime Tree Grove Croydon, CR0 8AU 22[nd] May 2022 ## **STATEMENT OF ACCOUNTING POLICIES** ## **1. Basis of Accounting** The Accounts of the PCC have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts and Payments basis. They report movements on the various funds under the PCC’s control and show the balances retained at the year-end, specifying where and how they are held. The Accounts do not include the Accounts of any other church groups that owe an affiliation to another body, nor those arising from informal gatherings of church members. ## **2. Identification of Funds** The funds administered by the PCC have been identified and grouped as follows: _2.1 Unrestricted funds_ - Funds administered at the discretion of the PCC, where receipts are not subject to restriction based on the requests of the contributing parties. This primarily includes the general fund, but also any other funds where uses have not been restricted as described, including those created (designated) by the PCC out of existing funds for specific purposes. _2.2 Restricted funds_ - Funds involving receipts where the uses are restricted by the donor for a particular purpose and which cannot, and must not, be used for any other purpose except by agreement with the donor. _2.3 Permanent endowment funds_ - Particular types of restricted fund which must be held permanently, the PCC having no power to convert them into income and spend them like other income. The summary statement of funds reflects the above. Details of the movements within the individual funds appear on the following pages. ## **3. Statement of Assets and Liabilities** The following PCC assets are recognised but not valued in the Statements of Assets and Liabilities: 3.1 Land and buildings held on behalf of the PCC, including the land leased as an electricity substation. 3.2 Moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal 3.3 Other fixtures, fittings and office equipment where the PCC is free to dispose of such assets without faculty. Furthermore the Statement does not reflect amounts owing to the PCC at the year end but not received, neither does it reflect amounts owed by the PCC at the year end but not paid. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 General Fund Recei 2021 (£) R•stri¢ted 2020 (£) Restri¢t•d chnsb.an Stewardship Incotn8 Tax Recov8r8d Church. House and Sundry co1￿CtiOnS General Donalions Hall L8ttings Church Shanng Fund Raising ActNibes Inve5tsnent Income Surplico Foes Parish Rewew Grants Recewed Sundries 23,458 22,462 3,294 2,954 2,857 9,912 660 3.685 5.822 1.718 16,081 495 2.604 359 947 753 76 901 743 350 60,581 153 49,398 Less Restricted Income Missions and Charities Gifts in tn8rnonatn 753 76 59.828 49.322 General Fund Surnma Opening Baknce -102,477 -79,166 Total Receipts 59.828 49,322 L85s Total Paytn8nts -79.165 -72,633 Excess Receipt&llPaymenlsl Fabric Fund Support {588 Note) -19.337 -23.311 Net Excess ReceiptsllPaymenlsl -19.337 -23.311 Ch)sing Balance -121,814 -102,477 Receipt of restricted funds. Ihese figures are included in ttst81 receipts for the respective categorRs Andic8led, receipts for r8strict8d purpos8s. Such r8c81PtS W8r8 disburs8d as Andicated. Charilable gAving is referred to In Ihe annual report ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 General Fund Pa ments 2021 .40,IKK) 2020 .41,IKK) DIOCESAN PLEDGE VICAR AND VICARAGE - Vicarfs Alowances Te￿phOne - c￿rgY Fe8s and Expense5 Recruitrnent Costs -900 -1,800 -242 -350 -1.142 -2.150 MUSIC Choirmasterlorganisl Organist Deputies Choir Exp8n58S - Robes Music and Stationery Copyrigm Licence -Good Friday Requietn -3 300 4,750 -357 -358 -3.768 -5.107 CHURCH EXPENSES Gas Heating Repairs and Maint E￿ttncty Insurance Repairs and Maintenance - Water c￿anIng and Sundn8S -2,074 -926 -1.878 -4,194 -3.516 -24 -10 -1,861 -309 -1.282 -1,385 -2,761 -138 -12,622 -7,736 HALL EXPENSES Ga5 Heating Repairs and Mainl E￿Ctricity Insurance Repairs and Maintenance Water c￿￿nIng and Sundn8S PPUPRS Licensp Fee -3,852 -1.721 -3,455 -574 -2.195 -924 -143 -1.246 -5,322 -2.797 -468 -212 -7.704 -16.741 -13.859 MISCELLANEOUS Printing Postage and Stats'onery - Afiar And Church Semces Junior Church and Conlittnation Sundries -1.718 -431 -1.744 -336 -2.743 -701 -79 165 -72,633 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 Grounds lrn rovements Fund 2021 2020 Op8ning BaLqnc8 148 148 Ck>sing Balance This is 8 n79nx)rial fund for 18ndscapAiig tho Church Grounds. 148 148 Fabric Fund Opening Ba￿nce 272.9(X) 207.896 Add Receipts C￿aVer Fund 4,181 4038 Less Paytnents Support to Gen Fund Gainl{k)5sI on CBF Inv85tsn8nts 79,140 60,966 Cbsing Balance 356,221 This fund exists to protect the General Fund against the Inciden￿ of excesswe repair and maintenance cosls, as determined by the PCC. The level above which support is provided Is £60(X) in the current year 272,9(K) Cleaver Fund Opening BaLqnce 21,131 21,131 Ck>sing Balance 21,131 21,131 Reprgsgntod by HOLDING AT COST 2021 MKT. VALUE 2020 MKT. VALUE CBF Investsnenl Fund 1036 Unrts 21,131 164,549 143,863 Total 21.131 This fund was originally created from a bequest 11 is relained as a capital reserve and Incon￿ is credited to Ihe Fabric Fund. 164.549 143.863 Har and Yvonne White Memorial Fund 2021 (£) 2020 (£) Opening and Ck)sing BaLqnc& This is 8 n79nx)rial fund foi trainiry purposgs. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 Endovmient Fund 2021 2020 Opening Balanco Revaluation Gain Closing baLgnc8 18,776 1,801 16,999 1,777 This Is a wEmoriai fund held in per￿fUllY lo prov￿ income to the General Fund. £7657.46 is held In the Bank Accounl, while the ￿Mal￿der is invested In 4220 83 CBF Global InconFe Shares Cedric Collin s Memorial Fund 2021 TOTAL 2020 TOTAL Ca Income Opening Bak9nces 24,380 1,562 25,942 8,943 Add Receipts L8gacy Interest on Inve51ment5 Revaluation Gain 14,591 355 2.053 622 622 3.623 3.623 Less Payments BIb￿S 12081 1208} C105ing BaL4nce5 28.(K>3 1.976 29,979 25.942 Repiesenteo by Bank Account CBF Global Equity Incom8 Fund Incotne Share518489.78 unrt5 at mkt.valu8} 3,991 25,988 3,577 22.365 29,979 25.942 Iho oporatK>n of this funtl is governgd by 8 trust d88d under whlch tho PCC is npanagiw trust88. 7he PCC has appoAnted 8 COntinuatAOn COrnn7Nttee to attend to the detailed 8ffairs of the fund. The objecl of the fund is lo support mpmbers orthe Parish who undertake theological and related trainirKJ courses The applicalm p￿cedU￿ for bu[Sar￿S is outlineLI in the parish ￿v￿￿. an Fund 2021 1£) 2020 (£) Opening Balance 7.331 7.134 Add Receipts 197 Closing Ba&nco 7,347 7,331 7hffs fund lias been sel up by the PCC to accumulale funds fmm Var￿￿$ events and appeals to meet the cost of major repairs to the Church Organ. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 Reorderin Fund 2021 2020 Opening Ba￿nce 41,195 38,084 Add Receipts Dwidends. Interest Donab"ons {for Vestry Fund} 934 934 Investment revaluations 4,938 2,177 Less Payments Ck>sing Balanc8 47,129 41,195 Represenled by CBF Inv85tsn8nt Fund11657.69 Units) Due from Current Account 39,828 7,301 33,894 7,301 47,129 41,195 This fund is the remnant of monies used for the church reordenrnJ. It Is intended to be used for further reorderiw work in due course. possNbly Supplen￿nEed by olher resources CBF Inv8Stn￿￿l Fund tlivid8nds rec8ivetl during th8 y88r w8re r8-inv8sted 8s furth8r sh8r8s. Una lied Le acies 2021 (£1 2020{£1 Op8ning BaLqnc8 Ublised in year New Legacy- Edna Collings New Legacy- Derek Thom&5 Keeping Ck>sing Balance Dorothy Morris Sally Harris M8trick Hawkins Exrs Joyce Carter Vvilliam N Bakerlil Williatn N Bak8rlii} William N.Bakerliiil Edna Collings D8r8k Thotnas Ke8ping 337,242 -8 969 345,773 -10,804 2.273 10,tKK) 338,273 337,242 24.716 19.311 1(K),554 10,595 131.834 29.752 9,118 2.273 10.(K)O 24,716 19,371 1(K),554 10,595 138,056 29,752 11,925 2,213 338,273 337,242 ese legacies are unrestricted funds have been made for the general purwses of th8 PCC, 8xc8pI th& money 18tt by S811y H8￿ls, which is at th8 discretion of th8 Vic8r, and those left by William N. Baker Legacy (i) Is not to be used for the hall, (li) Is for the purchase ofspecific items 2nd (iii)is to be given lo such Christian organisat￿nS as Sl Philip's decides Th&s8 have b88n kept S8P8rat8 lo r&f18Ct t1￿ desire to 8pply tlJ8m to suitab18 projects wh8n id8n1rf￿d. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 GENERAL FUND BUDGET- RECEIPTS 2021{£) R•strict•d 2022{£) R•strict•d Chnslian Stewar(Jship Income Tax Recovered Church, Hous8 and Sundry co1￿CtIOnS General Donations Hall Lettings Church Sharing Fund Raising Aetmbes Investment Income Surplice Fees Parish R8w8W Grants ReceNed Sundries 23.458 24.5(K) 5,822 1.718 16.081 495 2,604 359 947 753 6,5(K) 2,5CK) 18.OtK) 1,980 4(K) 5(K) 60.581 753 65.380 Less R85trict8d Incotn8 Missions and Chaiilies Gifts In memonam 75 59,828 65,380 General Fund Summa Opening Baknce -102.477 -121.814 Total Receipts 59,828 65,380 Less Total Paytn8nts -101.230 Excess ReceiptsllPaytnentsl Fabric Fund Support {see Note) -19 337 -35,850 Nel Excess Receipts/lPaymentsl -19,337 -35,850 Ck>sing Balance -121,814 -157,664 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 GENERAL FUND BUDGET- PAYMENTS 2021{£) 2022{£) DIOCESAN PLEDGE VICAR IWD VICARAGE - Vicarfs JlJlowanc&s Te￿phOne - C￿rgY Fees and Expenses - Reciuitrnent C05t5 -40.IKK) 44.0(K) -900 -1,51)0 -200 -500 -242 -1,142 -2,2(K) MUSIC Choirrna5t8rlOiganist Organist Doputies Choir Expenses - Robes Music and Station8ry Copyrigm Licence -GocKI Friday Requiem -3.300 -110 -358 -150 -370 -3,768 -5,520 CHURCH EXPENSES Gas Healing Repairs and MAint E￿et￿Cty Insurance Repairs and Maintenance - Wat8r Cbaning and Sundnes -2.074 -926 -1,878 4.194 -3.516 -24 -10 -2,6(K) -1,050 -3,5(K) 4,400 -1tK) -10 -12.622 -17.e60 HALL EXPENSES Gas Heating Repairs and Maint E￿Ctricity Insurance Repairs and Maintenance Water c￿￿nIng and Sundnes -3,852 -1.721 -5,200 -1,950 -1.500 -2,797 -468 -212 -7.704 -goo -8.100 -16,741 -26,650 MISCELLANEOUS Printing Poslage and Statsonery - Aftai and Church Serwc8S Junior Church and Confittnation Sundnes -1.718 -431 -2,5tK) -500 -2.743 -79, 165 -101,230 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2021 Summary R*¢tipts and Payments A¢¢ount tri ndo*Th G•n•r41 F•brfc Fund Ftsnd L•g•clH R•ord•rfng C￿￿¥ Ftsrtd F￿nd Total Grounds Fund Otgon Fund C•dri¢ Ctsllirtp lAomor￿1 Fund End0￿•nI Ftsnd Tot4lP•rm•n•nt Tot•1 Yvtsnn# Whit• Alomork•l Fund Openw 8alance at 1￿ja￿ary2021 1102.4TTI 272.900 337242 41.195 143.863 892.723 145 7.331 1.562 1.000 10,041 15.716 24.380 43,1 745,920 Re£W5 59.¥28 10.000 75.005 622 75.843 P9￿ments 179.1651 18.9891 1#.3421 RgC*WStorth&Yegr Ttsrtsfe 430 112,8991 Mov8ments 4.938 20.686 104.764 3.823 3.623 10BJ87 CAD5￿Ba1&￿e 8t315t Decembpr2021 356.221 338.273 47.129 164.549 78435B 145 7.347 15.716 28.003 Slatemenl of Assets •nd Ll4bllltle$ G•n•r41 F•brfc Fund Ftsnd L•gaclM R•ord•rfng CIMV Furtd Tot41 GroundB Furtd Organ Futtd C•drfc CDllinp Memor￿1 Fund Tot*1 End￿￿OnI Ftsrtd C•dr5cColllng kknoiièl Fund Tot•lP•rm•n•nt ToLI1 Fund& Fundg Whit• Alomorlthl Fund• mDn•taryA￿•tr ankAccounl CBF Deposrt F￿1￿ SubTolFd 7.301 148 7.347 1.000 7,657 9.672 41.500 50.000 1121.8141 356.221 50.DDD 7.301 14B 7.347 10,471 7.657 9,672 01 Hetrdl0rlnve5thentPu￿5e5 5ttKk54ndShare5 ICEFlnveSbMtt FL41ts1 508.624 39.828 164.549 713.DD1 25.988 37.107 75Q.10 HeidlwPC¢sowyu5e{seeA¢GtsuMhwPoiiGkn) Chur¢heuik*ng. ¢huf¢h H¥ll5. Cons￿ra￿d wo, (knereulw Move&Lle ChurchFuiNShi￿S otrk8rFu￿r8￿. Fthrp8 & Freew LonJ TOTALFUND5 356.221 33U.273 41.129 164,549 TM35B 148 7.347 10.471 18,TT6 28.DD3 B41MO 14Dtes 1 £75312020. ￿6)W93C01ecrE￿5￿dpSSsedOnI0v￿no￿5rnlsy￿￿sS￿1ChWP1i￿srn Vppyear aBreWrted￿l￿e GeneralFundsReWs Ta 2 ForFnnphGty.Le￿S tsavebeen 8hown&bDve 5sun￿5￿￿e6. trut￿l￿e detartedacGtJunts#canbe8eenthatlhEre Is&nekn￿nl0l￿3hGYmO￿Eon￿p￿tsQ1ts12￿e 3 Assho*naoov*ffte Le9aC*$tO￿tswffjyM￿￿tupQrmV¢S￿￿enl¥*llTht￿e wanctotstOiheO£nkÈ¢¢Othi The gafft{OrknSSI anSfftg¢nihesemvestrnents has0￿&￿￿1ed￿Me￿o1Y¢F￿d. Det91$8￿a$fOlQ￿$ }Fy) .IziJ4 273 ## Independent Examiner’s Report I report on the Accounts of the PCC for the year ending 31[st] December 2021, which are set out in the Financial Review section of the Annual Report of the Trustees (PCC). ## **Respective responsibilities of trustees and examiner** The PCC is 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: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **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 next statement. ## **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: - a. to keep accounting records in accordance with section 130 of the 2011 Act; and - b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Andrew Winter, MA, ACIB 20 Lime Tree Grove Croydon, CRO 8AU 22" May 2022