## ST PAUL HARRINGAY
Diocese of London
Report & Accounts 31 December 2022
Tandem Accounting Chartered Accountants 17 Heathville Road London N19 3AL
## **ST PAUL HARRINGAY**
## **Report and Financial Statements 2022 Contents**
||**Page**|
|---|---|
|**Legal and administrative information**|**2**|
|**Report of the Parochial Church Council**|**3**|
|**Independent Examiner’s report to the Parochial Church Council**|**7**|
|**Statement of financial activities**|**8**|
|**Balance sheet**|**9**|
|**Notes to the financial statements**|**10**|
_1_
## **ST PAUL HARRINGAY**
## **Legal and Administrative Information For the year ended 31 December 2022**
|**Charity Name**|The Parochial Church Council Of The Ecclesiastical Parish Of St Paul, Harringay.|The Parochial Church Council Of The Ecclesiastical Parish Of St Paul, Harringay.|The Parochial Church Council Of The Ecclesiastical Parish Of St Paul, Harringay.|
|---|---|---|---|
|**Charity no**|1196649 (from 18 November 2021)|||
|**Principal Address**|St Paul Harringay, Wightman Road, London N4 1RW|||
|**The Governing**|Parochial Church Council Powers Measure (1956) as amended and Church Representation|||
|**Document**|Rules.|||
|**Objective**|Promoting in the ecclesiastical parish the whole mission of the||Church.|
|**Members of the**|The Members of the PCC who served during the year or who were serving at the date of this|||
|**PCC**|report were:|||
||Licensed clergy (ex officio)|The Revd. Peter Snow||
||Churchwardens (ex officio)|D Marvalin Dyte||
|||David Unwin||
||Deanery Synod|Olivia Unwin||
||Representatives (ex officio)|Bethany Wingrove||
||Elected|Bethany Burrow Atherton|(resigned 8 May 2022)|
|||Nicola Ferguson|(re-elected 8 May 2022|
|||Verona George||
|||Alastair Gill||
|||Virginia Gill|(re-elected 8 May 2022)|
|||David Harvey|(resigned 13 June 2022|
|||Emma Fox||
|||Brian Mak||
|||Alexander Wingrove||
|||Philip Bazire|(elected 8 May 2022)|
|||Marilyn Ajanaku|(co-opted 13 June 2022)|
**Key Management** Those in charge of planning, directing, controlling, running and operating the Charity, including **Personnel** those members of staff who are the senior management personnel to whom the trustees have delegated significant authority or responsibility in the day-to-day running of the charity, are the members of the PCC.
**Bankers** Santander UK plc, 517 Green Lanes, London N4 1EB Barclays Bank plc, 62 High Road, Wood Green, London N22 6DH **Independent** Christine Cheung Poston ACCA **Examiner** Flat 48, Samford House Charlotte Terrace Islington, London N1 0JF
_2_
## **ST PAUL HARRINGAY**
## **Report of the Parochial Church Council For the year ended 31 December 2022**
St Paul Harringay (“the PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2022. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.
The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and beyond. It also has responsibility for the non-stipendiary staff and the maintenance of the church buildings.
## **1. Structure, Governance & Management**
## **1.1 Trustees**
The PCC is a body corporate with perpetual succession. Members of the PCC are either _ex officio_ or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC co-opted one member in 2022 to fill a casual vacancy.
The PCC met 8 times during 2022 and discussed a wide variety of subjects, relating to finance, fabric, general administration, responsibility for keeping of the Electoral Roll, and making various decisions concerning the mission and ministry of St Paul’s. There were a few particularly significant areas of discussion throughout the year: setting a main mission statement to ‘go and make disciples’, setting strategic goals, appointing elders and churchwardens with defined leadership roles, discussing the possibility of complementarian oversight by the Bishop of Maidstone (now Ebbsfleet), and deciding how to respond to the _Living in Love and Faith_ project.
## **1.2 Executive**
The Standing Committee has the power to transact any business of the PCC between its meetings, subject to any directives given by the PCC, and in 2022 comprised of the churchwardens (of whom one was the vice-chair), secretary, treasurer and Priest in Charge.
## **1.3 Church Attendance**
The Electoral Roll revised in preparation for the Annual Parish Church Meetings (APCM) held in April 2022 comprised of 92 members.
## 1 **.4 Risk Management**
The PCC’s primary concern and objective is the discipling of individuals for the glory of God. Whilst it is the PCC’s policy to trust wholly in the Lord that He will work out His purpose to this end, the church also acknowledges that it has a responsibility, both as individual Members and as a body of Members, for the identification and proper management of risks faced by the PCC in achieving its primary aim. The PCC has therefore assessed the major risks to which the PCC is exposed, in particular those relating to the specific operational areas of the charity, its investments and its finances. The PCC believes that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the church, it has established effective systems and procedures to mitigate those risks.
## **2. Activities, Strategies & the Public Benefit**
The PCC has given due regard to the Charity Commissions’ guidance on public benefit. The PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community:
•Sunday and midweek worship gatherings.
- •Groups and courses to encourage growth, pastoral care and discipleship.
- •The regular practice of the Occasional offices (baptisms, weddings and funerals) happening throughout the year.
•Outreach events happening throughout the year
The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. For most of 2022 we provided two morning services on Sunday mornings: one being a more formal Holy Communion, the other being an informal Service of the Word with children’s activities. We stepped up the provision of a youth group for 11-18 year olds, which now runs fortnightly.
_3_
## **ST PAUL HARRINGAY**
## **Report of the Parochial Church Council For the year ended 31 December 2022**
We continued to run a Creche for 0-24 month old children, a Junior Church programme for 2-11s and also our preschoolers' outreach group. These are designed for children from the community to come and worship God. We joyfully appointed a Children and Youth Worker in September 2022.
Home groups continued to run in four locations, and are a crucial part of our discipleship. We also took on a new cohort of seven people for our Leadership Training programme. We baptised two adults and confirmed the faith of two more. We prepared several couples for marriage and hosted the weddings of two couples, all of whom are members of our church.
We opened our church building to mourners when HM Queen Elizabeth II died, and live-streamed the state funeral.
We ran a Christmas Carol Extravaganza in December, as well as a Candlelit Carols service. These were all well attended. Our door knocking team continued to operate, asking local people what they do and don’t like about Harringay, and offering prayer.
Our Mission Sub-Committee met twice to allocate support to evangelistic work, and our Buildings Committee met regularly to oversee the maintenance of our buildings. We also adopted a refreshed safeguarding policy.
In 2022 we renovated the toilets in our church hall. We rejuvenated the church hall yard with a soft surface, stepping stumps, benches and planters. We were also granted a faculty to fit a traversing wall to the church building, which was fitted in the autumn. We investigated the possibility of building work in the church hall stairwell, the church hall itself, and the church loft, but the PCC concluded that these were not immediate requirements. We received the report from the Quinquennial Inspection. We agreed plans for a new war memorial and successfully fundraised for it on Remembrance Sunday.
## **3. Financial Review**
The PCC’s main sources of funding are the free will offerings of church members and others in attendance at church meetings, and income from the hiring out the church buildings.
## **3.1 Financial Activity and Financial Position**
The Statement of Financial Activities and Balance Sheet can be found on pages 8 and 9 respectively. The Church’s reserves decreased by £45,070 (2021: Increased by £33,042) during the year. The balance sheet shows total net assets of £173,106 (2021: £218,176).
Included in total funds are amounts totalling £19,207 (2021: £75,317) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions. Full details of these restricted funds can be found in note 9 to the accounts together with an analysis of movements in the year.
## **3.2 Reserves Policy**
The PCC has examined the requirements for free reserves, i.e., those unrestricted funds not invested in tangible fixed assets. The PCC considers that, given the nature of the church’s work, free reserves should be equivalent to 3 months’ worth of routine expenditure, plus committed future expenditure on other projects, where funds permit. The PCC believes this provides sufficient flexibility to cover temporary shortfalls in income will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2022 the church had net free reserves of £150,093 (2021: £138,429) as follows:
_4_
## **ST PAUL HARRINGAY**
## **Report of the Parochial Church Council For the year ended 31 December 2022**
|**Total reserves**
Less: restricted funds
Less: fixed assets
**Free reserves**
**Free reserves requirement:**
3 months routine expenditure
Other committed funds (including building project)
**Free reserves**|**2022**|**2021**
**£**
**218,176**
(75,317
(4,430|
)
)
|
|---|---|---|---|
||**£**|||
|||||
||**173,106**|||
||(19,207)|||
||
(3,806)|||
|||||
|||**138,429**||
||**150,093**|||
|||||
|||30,000
-||
|||||
||30,000|||
||-|||
|||||
|||**30,000**||
||**30,000**|||
|||||
|||||
## **3.3 Investment Policy**
The PCC is in the process of formulating an investment policy. Funds in excess of immediate working capital requirement are placed in a bank deposit account.
## **3.4 Grants Policy**
The church has a Mission Support Group, who meets bi-annually, to decide how to allocate support in order to support evangelism locally, nationally and overseas. During 2022, they gave grants to 9 projects totalling £9,239 (2021: £8,753).
## **4. Plans for Future Periods**
Our strategic goal going forwards is to see if we can grow sufficiently to start a new congregation, God willing, by July 2024.
## **5. Responsibilities of Trustees for the Financial Statements**
The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and application of income of the charity for that period.
In preparing those financial statements, the PCC is required to:
- select suitable accounting policies and apply them consistently.
- observe the methods and principles of the Charities SORP
- make judgements and estimates that are reasonable and prudent.
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.
The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The PCC is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.
_5_
## **ST PAUL HARRINGAY**
## **Report of the Parochial Church Council For the year ended 31 December 2022**
## **6. Approval**
The report of the PCC was approved by the PCC on 1 May 2023 and signed on its behalf by:
## **The Revd Peter Snow**
_6_
## **ST PAUL HARRINGAY**
## **Report of the Independent Examiner to the Parochial Church Council of St Paul Harringay For the year ended 31 December 2022**
I report on the accounts of the St Paul Harringay for the year ended 31 December 2022, which are set out on pages 8 to 16.
## _**Respective responsibilities of PCC and examiner**_
The PCC are responsible for the preparation of the accounts. The PCC 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);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiners’ report**_
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## _**Independent examiners’ statement**_
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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 2021 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Christine Cheung Poston**
1 May 2023
_7_
## **ST PAUL HARRINGAY**
## **Statement of Financial Activities For the year ended 31 December 2022**
|**Note**
**Income from:**
2
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total Income**
**Expenditure on:**
Raising funds
3
Charitable activities
4
**Total Expenditure**
Net gains/(losses) on
investments
6
**Net income**
Transfers between funds
Other recognised gains/(losses)
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
|**Unrestricted**
**Funds**
**2022**
**£**
152,528
3,132
29,775
2,709|**Restricted**
**Funds**
**2022**
**£**
23,372
-
-
320
**23,692**
-
79,802
**79,802**
-
**(56,110)**
-
-
**(56,110)**
75,317
**19,207**||**Unrestricted**
**Funds**
**2021**
**£**
121,001
88
27,564
1,192|
|**Restricted**
**Funds**
**2021**
**£**
(330)
-
-
1,593
**1,263**
-
2,330
**2,330**
7,882
**6,815**
(216)
-
**6,599**
68,718
**75,317**|**Total**
**2021**
**£**
120,671
88
27,564
2,785|
|---|---|---|---|---|---|---|---|
||||**Total**|||||
||||**2022**|||||
||||**£**|||||
|||||||||
||||175,900|||||
||||3,132|||||
||||29,775|||||
||||3,029|||||
|||||||||
||**188,144**|||**149,845**|||**151,108**|
||||**211,836**|||||
|||||||||
||1,060
163,225
**164,285**
(12,819)
**11,040**
-
-
**11,040**
142,859
**153,899**|||18,161
111,326|||18,161
113,656|
|||||||||
||||1,060|||||
||||243,027|||||
|||||||||
|||||**129,487**|||**131,817**|
||||**244,087**|||||
|||||||||
|||||5,869|||13,751|
|||||||||
||||(12,819)|||||
|||||||||
|||||**26,227**|||**33,042**|
||||**(45,070)**|||||
|||||||||
|||||216
-|||-
-|
||||-|||||
||||-|||||
|||||||||
|||||**26,443**
116,416|||**33,042**
185,134|
||||**(45,070)**|||||
|||||||||
||||218,176|||||
|||||||||
|||||**142,859**|||**218,176**|
||||**173,106**|||||
|||||||||
|||||||||
_8_
## **ST PAUL HARRINGAY**
## **Balance Sheet As at 31 December 2022**
|**Note**
**Fixed Assets**
Tangible Assets
5
Investments
6
**Current Assets**
Debtors
7
Cash At Bank And In Hand
**Creditors - Amounts Falling Due**
**Within One Year**
8
**Net Current Assets**
**Net Assets**
Represented by:
**Restricted Funds**
9
**Unrestricted Income Funds**
**Total Funds**|**Unrestricted**
**Funds**
**2022**
**£**
3,806
96,563
100,369
5,755
54,388
60,143
6,613
53,530
**153,899**
-
153,899
**153,899**|**Restricted**
**Funds**
**2022**
**£**
-
-
0
6,000
13,217
19,217
10
19,207
**19,207**
19,207
-
**19,207**|||**Total**
**2021**
**£**
4,430
109,382|
|
|---|---|---|---|---|---|---|
||||**Total**||||
||||**2022**||||
||||**£**||||
||||||||
||||3,806||||
||||96,563||||
||||||||
||||||113,812
9,593
97,878||
||||100,369||||
||||||||
||||11,755||||
||||67,605||||
||||||||
||||||107,471
3,107||
||||79,360||||
||||||||
||||6,623||||
||||||||
||||||104,364||
||||72,737||||
||||||||
||||||**218,176**||
||||**173,106**||||
||||||||
||||||75,317
142,859||
||||||||
||||||||
||||19,207||||
||||153,899||||
||||||||
||||||**218,176**||
||||**173,106**||||
||||||||
||||||||
The financial statements were approved by the PCC on 1 May 2023 and signed on its behalf by:
## **Virginia Gill Treasurer**
_9_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of accounting**
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of leasehold land and buildings and investments which are shown at market value.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe an affiliation to another body or those that are informal gatherings of church members.
The PCC meets the definition of a public benefit entity under FRS 102.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.
## **Income recognition**
Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.
The income from trading activities includes rental income from the letting of church premises which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure recognition**
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.
Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.
- Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC.
- Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
_10_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **1. Accounting Policies (continued)**
## **Tangible Fixed Assets**
_Consecrated Property and Moveable Church Furnishings_
Consecrated land and benefice property such as the church building and vicarage is excluded the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.
Furniture, fittings and equipment. The cost of furniture, fittings and equipment, less any expected residual value, is depreciated on a straight line basis over the effective useful life of the asset, which has been estimated as three years.
## **Debtors**
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
## **Fund accounting**
The funds held by the charity are either:
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
_11_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **2. Income**
|**Unrestricted**
**Funds**
**2022**
**£**
Voluntary income
Offerings and donations
152,239
Income tax reclaimed
289
Grants received
-
152,528
Incoming resources from charitable activities
Fees (net)
3,132
Other trading income
Lettings
29,420
Fundraising
356
29,776
Investment income
Bank Interest
7
Dividends
2,701
2,708
**188,144**|**Restricted**
**Funds**
**2022**
**£**
-
-
23,372
23,372
-
-
-
0
320
-
320
**23,692**||||**Total**
**2021**
**£**
100,309
20,362
-|
|---|---|---|---|---|---|
||||**Total**|||
||||**2022**|||
||||**£**|||
|||||||
|||||||
||||152,239|||
||||289|||
||||23,372|||
|||||||
||||||120,671
88
27,211
353|
||||175,900|||
|||||||
||||3,132|||
|||||||
|||||||
||||29,420|||
||||356|||
|||||||
||||||27,564|
||||29,776|||
|||||||
||||||-
2,785|
|||||||
||||327|||
||||2,701|||
|||||||
||||||2,785|
||||3,028|||
|||||||
||||||**151,108**|
||||**211,836**|||
|||||||
|||||||
## **3. Expenditure on Raising Funds**
|
Fundraising costs
Collecting Agent Fees
Bookstall
Associated with lettings:
Repairs and maintenance
Utilities
Insurance
Cleaning|**Unrestricted**
**Funds**
**2022**
**£**
**Restricted**
**Funds**
**2022**
**£**
401
-
26
-
633
-
-
-
-
-
-
-
-
-
**1,060**
**0**||||**Total**
**2021**
**£**
522
-
115
10,894
3,348
908
2,374|
|---|---|---|---|---|---|
||||**Total**|||
||||**2022**|||
||||**£**|||
|||||||
||||401|||
||||26|||
||||633|||
|||||||
||||-|||
||||-|||
||||-|||
||||-|||
|||||||
||||||**18,161**|
||||**1,060**|||
|||||||
|||||||
_12_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **4. Expenditure on Charitable Activities**
|
Common Fund
Vicar’s stipend quota
Clergy expenses
Church Life & Outreach
Missionary & Charitable Giving
Provision of Office & Support
Provision of Buildings, Facilities & Equipment
Depreciation
Governance costs|**Unrestricted**
**Funds**
**2022**
**£**
**Restricted**
**Funds**
**2022**
**£**
20,500
-
40,225
-
4,284
-
6,838
-
11,640
-
45,915
-
32,010
79,802
1,453
-
360
-
**163,225**
**79,802**|**Unrestricted**
**Funds**
**2022**
**£**
**Restricted**
**Funds**
**2022**
**£**
20,500
-
40,225
-
4,284
-
6,838
-
11,640
-
45,915
-
32,010
79,802
1,453
-
360
-
**163,225**
**79,802**||||**Total**
**2021**
**£**
20,000
39,900
4,402
9,481
8,752
17,894
8,333
3,994
900
**113,656**|
|---|---|---|---|---|---|---|
|||||**Total**|||
|||||**2022**|||
|||||**£**|||
||||||||
|||||20,500|||
|||||40,225|||
|||||4,284|||
|||||6,838|||
|||||11,640|||
|||||45,915|||
|||||111,812|||
|||||1,453|||
|||||360|||
||||||||
||||||||
|||||**243,027**|||
||||||||
||||||||
||||||||
## **4a Staff costs**
Included within Expenditure on Charitable Activities are the following staff costs:
|
Gross salaries
Statutory Maternity Credit
Employers National Insurance
Employment Allowance
Employer pension contributions
Of which the following gross salaries were in relation to Key
Management Personnel (and related parties)||**2022**||**2021**
**£**
14,511
-
378
(378)
573|
|---|---|---|---|---|
|||**£**|||
||||||
|||41,106|||
|||(5,071)|||
|||2,182|||
|||(2,182)|||
|||
687|||
||||||
|||||**15,084**|
|||**36,722**|||
||||||
|||||-|
||||||
|||-|||
||||||
||||||
The average number of employees during the year was 2 (2021: 2). No employee received emoluments in excess of £60,000 during the year.
_13_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **5. Tangible Fixed Assets**
|
**Cost/valuation**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for Year
Disposals
At 31 December 2022
**Net Book Value**
At 31 December 2022
At 31 December 2021|**Fixtures**|**Fixtures**|
|---|---|---|
||**fittings &**||
||
**equipment**||
|||
**£**|
||||
|||17,878|
|||829|
|||-|
||||
|||18,707|
||||
||||
|||13,448|
|||1,453|
|||-|
||||
|||14,901|
||||
||||
|||3,806|
||||
|||4,430|
||||
The PCC does not have any properties of its own. The following properties belong to the Diocese.
Church Buildings St Paul’s Church Maintained by the PCC Vicarage St Paul’s Church House Maintained by the Diocese Other accommodation St Paul’s Church Hall Maintained by the PCC
## **6. Fixed Asset Investments**
|Central Board of Finance Investment Fund Shares:
At 1 January
Additions
Disposals/redemptions
Net (losses)/gains on revaluation
**At 31 December**||**2022**||**2021**
**£**
95,631
-
-
13,751|
|---|---|---|---|---|
|||**£**|||
||||||
||||||
|||109,382|||
|||-|||
|||-|||
|||(12,819)|||
||||||
|||||**109,382**|
|||**96,563**|||
||||||
||||||
_14_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **7. Debtors**
|Grant Receivable
Gift Aid Receivable
Other debtors||**2022**||**2021**
**£**
-
-
-|
|---|---|---|---|---|
|||**£**|||
||||||
|||6,000|||
|||1,428|||
|||4,327|||
||||||
|||||**0**|
|||**11,755**|||
||||||
||||||
## **8. Creditors - Amounts Falling Due Within One Year**
|Accruals
Other creditors||**2022**||**2021**
**£**
900
2,207|
|---|---|---|---|---|
|||**£**|||
||||||
|||2,310|||
|||4,313|||
||||||
|||||**3,107**|
|||**6,623**|||
||||||
||||||
## **9. Restricted Funds**
|**9a. Current year**
Organ Fund
Lent appeal
Maintenance Reserve Fund
Brain Charity
Peachey Internment
Play Area
Unicef
Vicarage Upgrade|**At 1**
**January**
**2022**
**£**
17,698
119
56,430
45
1,000
0
25
0
**75,317**|**At 1**
**January**
**2022**
**£**
17,698
119
56,430
45
1,000
0
25
0
**75,317**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
320
-
-
-
-
-
-
(56,430)
-
-
-
-
-
-
-
17,372
(17,372)
-
-
-
-
6,000
(6,000)
-
**23,692**
**(79,802)**
**0**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
320
-
-
-
-
-
-
(56,430)
-
-
-
-
-
-
-
17,372
(17,372)
-
-
-
-
6,000
(6,000)
-
**23,692**
**(79,802)**
**0**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
320
-
-
-
-
-
-
(56,430)
-
-
-
-
-
-
-
17,372
(17,372)
-
-
-
-
6,000
(6,000)
-
**23,692**
**(79,802)**
**0**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
320
-
-
-
-
-
-
(56,430)
-
-
-
-
-
-
-
17,372
(17,372)
-
-
-
-
6,000
(6,000)
-
**23,692**
**(79,802)**
**0**|**Gains/**
**(losses)**
**£**
-
-
-
-
-
-
-
-
**0**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**December**||
||||||||||**2022**|
||||||||||**£**|
|||||||||||
||||||||||18,018|
||||||||||119|
||||||||||0|
||||||||||45|
||||||||||1,000|
||||||||||0|
||||||||||25|
||||||||||0|
|||||||||||
|||||||||||
||||||||||**19,207**|
|||||||||||
_15_
## **ST PAUL HARRINGAY**
## **Notes to the Financial Statements For the year ended 31 December 2022**
## **9. Restricted Funds (continued)**
|**9b Prior year**
Organ Fund
Lent appeal
Maintenance Reserve Fund
Brain Charity
Peachey Internment
Undercroft project
Children’s Society
Unicef|**At 1**
**January**
**2021**
**£**
16,921
119
50,204
0
1,000
400
74
0
**68,718**|**At 1**
**January**
**2021**
**£**
16,921
119
50,204
0
1,000
400
74
0
**68,718**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
167
-
(216)
-
-
-
1,426
(2,256)
-
45
-
-
-
-
-
(400)
-
-
-
(74)
-
25
-
-
**1,263**
**(2,330)**
**(216)**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
167
-
(216)
-
-
-
1,426
(2,256)
-
45
-
-
-
-
-
(400)
-
-
-
(74)
-
25
-
-
**1,263**
**(2,330)**
**(216)**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
167
-
(216)
-
-
-
1,426
(2,256)
-
45
-
-
-
-
-
(400)
-
-
-
(74)
-
25
-
-
**1,263**
**(2,330)**
**(216)**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
167
-
(216)
-
-
-
1,426
(2,256)
-
45
-
-
-
-
-
(400)
-
-
-
(74)
-
25
-
-
**1,263**
**(2,330)**
**(216)**|**Gains/**
**(losses)**
**£**
826
-
7,056
-
-
-
-
-
**7,882**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**December**||
||||||||||**2021**|
||||||||||**£**|
|||||||||||
||||||||||17,698|
||||||||||119|
||||||||||56,430|
||||||||||45|
||||||||||1,000|
||||||||||0|
||||||||||0|
||||||||||25|
|||||||||||
|||||||||||
||||||||||**75,317**|
|||||||||||
Descriptions of the main restricted funds are as follows:
**Organ Fund.** Funds raised specifically for the maintenance of the church organ.
**Maintenance Fund.** Funds settled for the maintenance of the church building.
**Maintenance Reserve Fund.** Funds settled for the maintenance of the church building.
**Undercroft project.** Funds received for the project to develop the church’s undercroft.
**Ministry Trainee Fund.** Funds received from another church to contribute towards the cost of a ministry trainee.
## **10. Related Party Transactions and Balances**
Expenses totaling £nil (2021: £229) were either reimbursed to or paid on behalf of members of the PCC during the year.
Bethany Burrow Atherton, a member of the PCC, received £2,000 (2021: £2,770) in relation to her services as organist during the year.
During the year members of the PCC made unrestricted offerings and donations to the church of £85,690 (2021: £51,557).
_16_