St Augustine’s Church Grove Park, Lee Registered Charity No. 1191496
Annual Report and Financial Statements of the Parochial Church Council
For the year ended 31 December 2021
Vicar:
Revd Gavin Berriman 336 Baring Road, Grove Park London SE12 0DX
Churchwardens: Alison Burtt and Jean Cartwright Treasurer: Bernard Hawes
Bank: HSBC Bromley
Independent Examiner: Neil Haggart
Administrative Information
St Augustine’s Church is situated in Baring Road, Grove Park and is formally known as St Augustine’s Church, Lee. It is part of the Diocese of Southwark within the Church of England. The correspondence address is 336 Baring Road, London SE12 0DX. It is registered with the Charity Commission, Charity Number 1191496.
Structure, Governance and Management
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Councils (Powers) Measure 1956. PCC members, who are the Charity Trustees, are appointed in accordance with the Church Representation Rules. At St Augustine’s the membership of the PCC consists of the Vicar, Churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. Two additional members were co-opted as PCC Secretary and Treasurer. All eligible members of the congregation are encouraged to register on the electoral roll, membership of which currently stands at 100.
PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how funds are to be spent. The meetings of the full PCC were disrupted at the start of the year by the Covid-19 pandemic and met five times during the year. The Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. Contact details for any safeguarding issues can be found on the church website.
Aims and Purposes
St Augustine’s is an Anglican parish church within the Diocese of Southwark, the main purpose of which is to serve the community as a place of worship and prayer, as a place of friendship and support and as a place to celebrate special occasions.
Objectives and Activities
The PCC has the responsibility of co-operating with the Vicar in promoting in the parish the whole mission of the church, pastoral, social, evangelistic and ecumenical. It achieves this objective by provision of regular public worship open to all; by provision of sacred space for personal prayer and contemplation; through pastoral work and the teaching of Christianity; through links with the local schools and community and through support of other charities in the UK and overseas. The PCC is responsible for the maintenance of the church hall and this is normally used by several community groups as well as youth uniformed organisations. The meetings of these groups were still subject to disruption this year due to the pandemic.
Achievements and Performance
Covid 19 continued to affect us all as a community during the last year, but vaccination and continued easing of restrictions is moving the country towards living with the virus and getting some normality back in our lives. Thankfully, the church remained open for worship, prayer and communion and we also relaxed some restrictions as we worked towards returning our worship to pre-covid normality. The main challenge was getting the balance right so that everyone felt comfortable in the church environment. Meanwhile, a reduced number of services continued online for those who were not ready to return to church. The pandemic forced us to make changes to the way we do things. We have embraced technology with Pastoral letters and the distribution of a mini magazine via email. PCC, Standing Committee and Mothers’ Union meetings have taken place via zoom. Online versions of our services via the website and You Tube were produced so the congregation could join Fr Gavin celebrating our Eucharist. In the coming months we have the opportunity for Fr Gavin and the PCC to discuss whether or not we want to make any of these changes permanent or adapt the way we do things.
We were able to follow Fr Gavin’s Lent Course at home and through the online blog. We were able to hold our usual Quiet Day at Aylesford Priory in November for the first time since Covid and also our Christingle Service which was a great joy. The children’s Christmas workshop and the Carol Service also took place. There were a number of baptisms during the year, eight of which were connected with our church family and six children were admitted to Holy Communion.
Fr Gavin continued to maintain links with the local primary schools, in particular at Marvels Lane School where he is a Governor.
Some of our social and fundraising events went ahead this year. We had a stall at the Grove Park Dog Show and Carnival in Chinbrook Meadows in September and our Christmas Market was a great success both financially and for the community. With many willing hands and good attendance from the local area it felt like the first bit of normality for two years. After two postponements, the Mothers’ Union was able to celebrate its centenary and St Augustine’s 135[th] anniversary with a service in October attended by the Bishop of Southwark with cake and refreshments in the hall afterwards.
After the sad death in December of Archbishop Desmond Tutu, we realised there was nothing in church which mentioned that he was Honorary Curate at St Augustine’s during the 1970s. It was therefore proposed that, subject to approval from the diocese, a plaque will be placed in church also stating that he dedicated the East End wall in 2007.
Maintaining the church and premises and arranging contractors has been both time consuming and financially challenging. Statutory maintenance has continued, whilst progress on completing works identified on the quinquennial report continue to be slow. In September permission was received from the diocese to proceed with removing the clerestory windows and re-roofing the three flat roofs at the west end of the church. This
was completed in January 2022 and was the most urgent of the works identified in the quinquennial report. The delays meant an increase in the cost of materials and the final bill was £29,100. This has used all our financial reserves for building works. Other items on the quinquennial report remain outstanding. The five-year electrical test and inspection for the church and hall complex was also completed at a cost of £1,500. Following remedial works costing £4,398 the electrics are now compliant with current regulations. The church and hall gutters, downpipes and roofs were cleared in October and 20 black bags of moss, leaves and debris removed, costing £2,200.
The church hall re-opened in September with most of our regulars returning and a new regular booking for a taekwondo club and some occasional children’s party bookings at weekends. We hope that the hall income will continue to improve.
Our project working with a group from the Probation Service to clear and tidy the church grounds came to an end in February. Over the last two years they have cleared undergrowth on the emergency exit path from our hall, trimmed and weeded the hedges on our boundary fences, litter picked regularly, weeded the footpaths, car park and walkways, prepared and varnished the hall doors and a memorial bench, painted health and safety strips on steps and walkways, painted bollards in the car park and driveway, cut back ivy from the trees, re- seeded grass areas, created planters from old tyres and have painted the youth hall walls, ceiling, floor and toilet. Going forward we need willing volunteers to help maintain our grounds.
History was made in April when Fr Gavin became the longest serving vicar at St Augustine’s. As the local authority named a nearby road after Samuel Luffman, a previous incumbent, we have followed the custom by naming the pathway to the church in Fr Gavin’s honour. It is now marked with a street sign announcing ‘Berriman Walk’.
Financial Review and Reserves Policy
Financial Review
As the restrictions imposed during the Covid pandemic were slowly lifted in 2021 a resemblance of normality returned to the community life of St Augustine’s. The Church was open for our regular acts of worship and the hall was open for use by local groups and for children parties.
Stewardship income was at a similar level to that of 2020 which allowed St Augustine’s to fully meet the pledge payable to the Diocese. A change in tenancy for the Marvels Lane property required some significant renovation work to be completed which enabled the rent to be increased and the church flat continued to provide a source of revenue throughout the year. Local groups were, towards the end of the year, beginning to use the Church halls on a regular basis. Church fund raising activities were restricted and the 200 club was brought to a close.
Following a statutory electrical inspection, improvement to the wiring of both the church and hall was completed during the year.
The planned first phase of the renovation work to the organ did not start in 2021 and is now expected to commence in 2022. A deposit of £2,218 was paid in 2019 towards this work which at 2019 prices was estimated to cost £22,186. Further phases of renovation may be completed if sufficient funds are raised.
The Marvels Lane tenant, who had been in residence for many years, gave notice and vacated at the end of January. The property was redecorated, certain electrical points were renewed and other work to the kitchen, bathroom and hallways was completed at a cost of £9,866 before new tenants moved in in May. The monthly rent received is now £1,392 after agents’ fees.
The church magazine was not published in 2021 and Coffee only started to be served after church on a Sunday towards the end of the year
Restricted Funds
Our restricted funds are funds set aside to meet specific projects and fund-raising initiatives that the PCC has agreed to.
The Restoration Fund was set-up some 25 years ago to meet the cost of major rebuilding works to the east end of the church caused through subsidence. Although the project, which was funded by legacies, loans and fundraising was completed in 2006, a balance remained in the fund which the PCC agreed to use towards the cost of roof repairs at the west-end of the church. These repairs will be completed in early 2022.
The Organ Fund was started to meet the cost of a significant refurbishment of the church organ. The initial quote for the phase 1 works was £22,186, with phase 2 works costing approximately £20,000, to follow if sufficient funds can be raised. It is hoped to start this work in early 2023
The 200 Club started several years ago to fund minor repairs to the church organ. This fund-raising initiative was suspended because of the Covid pandemic, and the PCC has decided to cease this initiative. The balance of the fund will be transferred to the Organ Fund in 2022.
Reserves Policy
Our policy regarding general funds is to maintain a balance sufficient to cover 4 months of day to day running costs which equates to approximately £20,000, together with sufficient funds to cover know impending costs relating to necessary repairs to our church buildings.
Independent Examiners report to the PCC of St Augustine’s Grove Park
I report on the accounts for the year ended 31st December 2021 which are set out on the pages below.
Respective responsibilities of the Trustees and Independent Examiner
As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
• examine the accounts under section 145 of the 2011 Act;
• follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters have come to my attention
-
which give me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with s.130 of the 2011 Act; or
-
to prepare accounts which accord with these accounting records have not been met; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed N Haggart
Name N Haggart
Professional Qualification FCA
Address 114, Copse Avenue
West Wickham BR4.9NP
Date 10/10/2022
Parochial Church Council of St Augustine’s Grove Park Balance Sheet as at 31[st] December 2021
| Note | 2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | |||
| Fixed Assets | ||||
| Tangible Fixed Assets | 5a |
450,000 | 450,000 | |
| Investment Assets | 5b | 0 | 0 | |
| 450,000 | 450,000 | |||
| Current Assets | ||||
| Debtors | 7 |
24,423 | 23,266 | |
| Short term deposits | ||||
| Bank | 17,665 | 16,432 | ||
| Central Board of Finance | ||||
| Main Deposit | 7,561 | 7,557 | ||
| Organ Fund | 29,384 | 22,879 | ||
| Building Fund | 3,638 | 3,636 | ||
| Restoration Fund | 26,456 | 26,442 | ||
| Hall | 4,207 | 4,187 | ||
| Cash at bank and in hand | ||||
| Church | 2,468 | 1,790 | ||
| Hall | 2,912 | 2,388 | ||
| Magazine | 3,389 | 3,394 | ||
| Coffee Fund | 1,248 | 1,153 | ||
| 200 Club | 933 | 907 | ||
| 124,283 | 114,031 | |||
| Liabilities | ||||
| Long Term | 8 | |||
| Amounts Falling Due Within One Year | 9 | 2,124 | 2,766 | |
| Net Current Assets | 122,159 | 111,265 | ||
| Net Assets | 6 | £572,159 |
£561,265 | |
| Funds | ||||
| Unrestricted | 71,347 | 67,276 | ||
| Restricted | 50,811 | 43,989 | ||
| Property Fund | 450,000 | 450,000 | ||
| £572,158 |
£561,265 |
Parochial Church Council of St Augustine’s Grove Park
Statement of Financial Activities For the year ending 31[st] December 2021
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| From Donors | 2a | 50,395 | 1,000 | 51,395 | 51,728 |
| Other voluntary | 2b | 5,800 | 5,800 | 6,424 | |
| Operating Activities | |||||
| To further work of the church | 2c | 30,788 | 30,788 | 26,674 | |
| To generate funds | 2d | 2,304 | 2,304 | 501 | |
| Income from Investments | 2e | 27 | 27 | 54 | 244 |
| Total Incoming Resources | £83,514 | £6,827 | £90,341 | 85,571 | |
| Resources Expended | |||||
| To generate funds | 3d | 0 | 0 | ||
| Grants | 3a | 650 | 650 | 0 | |
| To further work of church | 3b | 78,741 | 78,741 | 69,967 | |
| Church management and admin. | 3c | 52 | 5 | 57 | 174 |
| Total Resources Expended | £79,443 | £5 | £79,448 | £70,141 | |
| Net Incoming (Outgoing) Resources | £4,071 | £ 6,822 | £10,893 | £ 15,430 | |
| Gains / (Losses) on Investments | 5b | ||||
| Net Movement in Funds | £4,071 | £ 6,822 | £10,893 | £15,430 | |
| Balances Brought Forward 1stJanuary 2021 | 67,276 | 43,989 | 111,265 | 95,835 | |
| Balance Carried Forward 31st December 2021 | £71,347 | £50,811 | £122,158 | £111,265 |
Parochial Church Council of St Augustine’s Grove Park Notes to the Financial Statements For the year ending 31[st] December 2021
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | |||
| Incoming Resources | ||||||
| Incoming Resources from Donors |
2a | |||||
| Planned Giving. | ||||||
| Gift Aid Donations | 36,630 | 36,630 | 35,713 | |||
| Income Tax Recoverable | 9,436 | 1,000 | 10,436 | 12,964 | ||
| Other Planned Giving | 2,124 | 2,124 | 2,174 | |||
| Collections at services | 704 | 704 | 877 | |||
| Sundry Donations | 1,500 | 1,500 | 0 | |||
| 50,395 | 1,000 |
51,395 | 51,728 | |||
| Other Voluntary Incoming Resources | 2b | |||||
| Donations, Appeals etc | 5,800 | 5,800 | 5,424 | |||
| Legacies | 1,000 | |||||
| 0 | 5,800 | 5,800 | 6,424 | |||
| Income from Operating Activities |
2c | |||||
| To further the work of the church | ||||||
| Magazine sales | 0 | 225 | ||||
| Church hall lettings | 7,752 | 7,752 | 2,708 | |||
| Marvels Lane rent | 11,036 | 11,036 | 11,741 | |||
| Flat rent | 12,000 | 12,000 | 12,000 | |||
| 30,788 | 30,788 | 26,674 | ||||
| Income from Operating Activities | ||||||
| To generate funds |
2d | |||||
| 200 Club | 0 | 110 | ||||
| Fetes ,other fund raising activities | 2,304 | 2,304 | 391 | |||
| 2,304 | 2,304 | 501 | ||||
| Income from Investments |
2e | |||||
| Deposit Interest | ||||||
| Bank | 2 | 2 | 13 | |||
| Central Board of Finance | 26 | 27 | 52 | 231 | ||
| 27 | 27 | 54 | 244 | |||
| Total Incoming Resources | 83,514 | 6,827 | 90,340 | 85,571 | ||
| Resources Expended |
3 | |||||
| Grants |
3a | |||||
| Home missions | 650 | 650 | 0 | |||
| 650 | 650 | 0 |
Parochial Church Council of St Augustine’s Grove Park Notes to the Financial Statements For the year ending 31[st] December 2021
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | ||
| Resources Expended Cont’d |
3 | £ | £ | £ | £ | |
| Activities directly relating to the work | ||||||
| of the church |
3b | |||||
| Ministry | ||||||
| Parish Pledge | 40,000 | 40,000 | 43,000 | |||
| Clergy expenses | 2,787 | 2,787 | 2,753 | |||
| Music expenses | ||||||
| Organ repairs | 677 | 677 | 662 | |||
| Organist Fees | 915 | 915 | 915 | |||
| Licenses | 549 | 549 | 212 | |||
| Church running costs | ||||||
| Insurance | 7,635 | 7,635 | 8,037 | |||
| Heating, Lighting, Water | 579 | 579 | 556 | |||
| Wine, Wafers and Candles | 323 | 323 | 108 | |||
| Quinquennial Fee | 1,200 | |||||
| Flower Fund | 200 | |||||
| Sundry Expenses | 363 | 363 | 70 | |||
| Stewardship Envelopes | 30 | 30 | 32 | |||
| Church maintenance | 2,559 | 2,559 | 1,442 | |||
| Marvel Lane costs | ||||||
| Repairs | 9,866 | 9,866 | 824 | |||
| Insurance | 591 | 591 | 503 | |||
| Rates | 322 | 322 | 0 | |||
| Utilities | 422 | 422 | 0 | |||
| Church Flat | ||||||
| Repairs | 416 | 416 | 168 | |||
| Church Hall | ||||||
| Insurance | 299 | 299 | 299 | |||
| Water, Gas and Electricity | 1,709 | 1,709 | 5,020 | |||
| Cleaning | 187 | 187 | 1,096 | |||
| Refuse Collection | 1,609 | 1,609 | 1,179 | |||
| Pest Control | 456 | 456 | 456 | |||
| Repairs | 6,312 | 6,312 | 645 | |||
| Music Licence | 132 | 132 | 415 | |||
| General supplies | 12 | 12 | 119 | |||
| 200 Club Prizes | 0 | 54 | ||||
| 78,741 | 0 | 78,741 | 69,965 |
Parochial Church Council of St Augustine’s Grove Park Notes to the Financial Statements For the year ending 31[st] December 2021
| Unrestricted | Restricted | Total Total |
||
|---|---|---|---|---|
| Note | Funds | Funds | 2021 2020 |
|
| £ | £ | £ £ |
||
| Church Management & Administration | 3c | |||
| Administration | ||||
| Stationery | 28 | 28 0 | ||
| Magazine Production Costs | 0 174 | |||
| Bank Charges | 25 | 5 | 30 0 | |
| 52 | 5 | 57 174 | ||
| Total Resources Expended | 79,443 | 5 | 79,448 70,139 | |
| Staff Costs | 4 | |||
| The PCC did not employ anyone during the year | ||||
| Fixed Assets for use by the PCC | 5 | |||
| Tangible Fixed Assets | 5a | |||
| Marvels Lane Residential Property | 450,000 | 450,000 450,000 | ||
| Investments Fixed Assets | 5b | |||
| The PCC held no Investments Assets during the | year | |||
| Analysis of Net Assets by Fund | 6 | |||
| Fixed Assets for Church use | 450,000 | 450,000 450,000 | ||
| Current Assets | 64,248 | 60,036 | 124,284 114,031 | |
| Due to/(from) Funds | 8,738 | (8,738) | 0 0 | |
| Current Liabilities | (1,634) | (490) | (2,124) (2,764) | |
| Fund Balance | 521,352 | 50,808 | 572,160 561,267 | |
| Debtors | 7 | |||
| Income Tax Recoverable | 19,527 | 1,000 | 20,527 19,546 | |
| Prepaid Insurance | 652 | 652 670 | ||
| Other Debtors | ||||
| Church Sundry Debtors | 183 | 183 174 | ||
| Hall Rents | 492 | 492 648 | ||
| Hall Utility Costs | 306 | 306 0 | ||
| Subscriptions in Arrear | 44 | 44 44 | ||
| Deposit re Organ Refurbishment | 2,219 | 2,219 2,219 | ||
| 21,160 | 3,263 | 24,423 23,301 | ||
| Long Term Liabilities | 8 | |||
| The PPC had no Long-Term Liabilities |
Parochial Church Council of St Augustine’s Grove Park Notes to the Financial Statements For the year ending 31[st] December 2021
| Unrestricted | Restricted | Total Total |
||
|---|---|---|---|---|
| Note | Funds | Funds | 2021 2020 |
|
| £ | £ | £ £ |
||
| Liabilities Amounts Falling due within one year | 9 | |||
| Accruals of Utilities and Other Costs | ||||
| Hall Utilities | 0 397 | |||
| Creditors for Goods and Services | ||||
| Organist Fees | 991 | 991 991 | ||
| Church Maintenance | 244 | 244 0 | ||
| Church Heating & Lighting | 128 | 128 97 | ||
| Hall Cleaning Costs | 31 | 31 31 | ||
| Hall Utility Costs | 224 | 224 0 | ||
| Marvels Lane Rent Deposit | 0 850 | |||
| Subscriptions in Advance | 490 | 490 376 | ||
| Sundry Creditors | 15 | 15 23 | ||
| 1,634 | 490 | 2,124 2,765 |
Fund Details 10
The Restricted Funds comprise of the Church Restoration Fund, the Organ Fund and the 200 Club.
| 2021 | 2022 | |
|---|---|---|
| £ | £ | |
| Balances at the 31stDecember were: | ||
| Restoration Fund | 18,135 | 18,122 |
| Organ Fund | 32,184 | 25,371 |
| 200 Club | 487 | 492 |
| 50,806 | 43,985 |
1 Accounting Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown as market value.
Funds
General funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are restricted until that purpose is fulfilled and then may become unrestricted.
The accounts include transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Incoming resources
Voluntary income and capital sources
Collections are recognized when received by or on behalf of the PCC.
Planned giving receivable under Gif Aid is recognized only when received.
Income tax recoverable on Gift Aid donations is recognized when the income is recognized.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fetes, garden parties and other similar events are accounted for gross.
Sales of books and magazines are accounted for gross.
Other income
Rental income from the letting of church premises is recognized when the rental is due.
Income from investments
Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognized in the same accounting year.
Resources used.
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Activities directly relating to the work of the church.
The diocesan parish pledge is accounted for when paid. Any parish pledge unpaid at 31[st] December is provided for in these accounts as an operating (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Consecrated property and moveable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by s 10(2) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected (at any reasonable time). For alienable property acquired to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since1[st] January 2000 have been capitalized and depreciated in the accounts over their current anticipated useful economic life (initially over 5 years) on a straight-line basis.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £ 2,500 or on the repair of moveable church furnishings acquired before 1[st] January 2000 is written off.
Other fixtures, fittings, and office equipment.
Equipment used within the church premises is depreciated on a straight-line basis over 5 years.
Individual items of equipment with a purchase price of £2,500 or less are written off when the asset is acquired.
Current assets
Amounts owing to the PCC at 31[st] December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove to be uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds (CBFCE) or at the Bank.
Risk Management
The PCC has budgetary disciplines in place to reduce financial risk and endeavours to identify other risk which may prejudice the work of the church. Insurance policies are maintained with the Ecclesiastical Insurance Office to cover insurable risk and their advice is followed to reduce risks.
Approved by the Parochial Church Council on ………24/4/2022………………………