## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST UPPER HOLLWAY DIOCESE OF LONDON** Church of England
**Charity Registration Number: 1198307**
Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST UPPER HOLLWAY DIOCESE OF LONDON**
**CONTENTS** Pages 1 to 10 Trustees Report Page 11 Legal and Administrative Information Page 12 Independent Examiner's Report to the PCC Members Page 13 Statement of Financial Activities Page 14 Balance Sheet Pages 15 to 23 Notes to the Financial Statements
ANNUAL
GENERAL
MEETING
2023
29th March at 7pm
Online on Zoom
St
John's
UPPER HOLLOWAY
CONTENTS
Agenda
Minutes of Previous Meeting
Church Wardens Report
PCC Secretary's Report
Electoral Roll Report
Children's Ministry Report
Youth Ministry Report
Wednesday Night Church Report
Soup & Stretch Report
Catch Up Saturdays and Prayer Saturdays Report
Welcome Team Report
Reordering Project Report
Treasurer's Report
Safeguarding Report
Health and Safety Report
Vicar's Report
Financial Statements
AGENDA
Minutes of Previous Meeting
Presentation of New Electoral Roll
3. Election of Church Wardens
Election of PCC Members
5. Election of Deanery Synod Representatives
Election of Sides Persons
7. Appointment of Auditor
Written Reports Received by Meeting
9. Financial Report
l O. Safeguarding and Health & Safety Reports
I l. Vicar's Report
12. Any Other Business
13. Closing Prayer
AGM Meeting Minutes
4th May 2022 at 7pm, online on Zoom
The meeting was attended by 22 people from the church.
Alan opened the meeting with a prayer.
l. Minutes of previous AGM
The minutes of th¢ 2021 meeting was a¢c¢pt¢d as a tru¢ r¢¢ord. All in favour.
2. Presentation of new Electoral Roll
There are 140 names on our electoral roll. We have removed ten narnes of which one have
passed away. We have welcomed three new people.
3. Eleetion of Chureh Wardens
Maggie Srnyth and Uche Ihedioha were standing for election to serve as the church wardens
for another year. All voted in favour. Alan thanked both of them on behalf of St. John's for
their service to our church.
4. Election of PCC Members
This year the following people were standing for election to become Members of the PCC-
Jill Comfort, Emmanuel Ekwechi, Sheryl Hendrickson. Lloyd Milo, Ade Olujinmi, Lucius
Onyemelukive, Nick!, Pinkney, Elin Warnasuriya and GrahamWarnasuri!'a.The participants
'oted unanimously in t"avour. Alan thanked Aunty Mary and Amir for their service on the
PCC as they have now stepped dow]. Alan then thanked every PCC member for representing
the church and being part of the decision-making and governance.
S. Elcction of Dcancr), Synod Rcprcsentatives
Alan thanked Gabriel Bankole, David Price and Henrietta White tor serving as deanery. sl'nod
Tepresentatifv'es and for agreeing to stand for another year. They were voted in unanimousl>.
6. Sides Persons
David Price, Llo!,d Milo, Ade Olujinmi and Uche Ihedioha are continuing to welcome and
assist our congJr¢gyation every Sunday. Thcy were thank¢d for thcir good WOTk.
7. Appointment ofAuditor
Graham proposed the current independent examiner IEL-Independent Examiners. All in
favour.
8. Written Reports Receii'ed by Meeting
These are telling, the story of our church life and we have a lot to thank God for at St. John's.
9. Financial Report
Graham spoke to the financial report in the AGM bundle. He explained that any reseTh'es are a
result of the Dioeese suspcnding our Common Fund payment for two )'ears, enabling us to
carry out much needed maintenance work to the building, and to build up a Reordering Fund
to cover initial expenses like Architect Fees and similar as we move towards our project.
Graham also brought it to oiir attention that our giving at church is quite static and given the
increases in costs like energ}, and so on, we will need our already stretched congregation to
give more if they can. Alan thanked Graham and his family for his incredible work on our
behalf.
10. Safeguarding and Health & Safety Reports
Elin led on this item. She reminded us all of the need to collectively keep the church sat"e. She
noted that the PCC discussed a safeguarding scenario at the last meeting which helped us
understand the kiiid of processes we need to be going through. She spoke briefly about Health
and Safety. Questions for the PCC to consider. whether one fire drill per year is enough?
Question about first aid training and whether ti]e training of those within St. John's is now out
of date? Issue raised about mobile phones and recording of services. PCC to consider again,
to make clear perniission is not being given for taking photographs or videoing. Questioii of
whether we can put SlgTnagTe up re recordinglon screens? Is it possible for a parent to take a
photograph of their own child at the end of a service? Exceptions? Christening service?
Consent slips for parentsg
11. Viear's Report
Alan asked everyone to read his report along Thith the other reports to get an insight in how
things are going at St. John's. He then invited Nicky to give an update on our reordering
pr()ject. Nicky told the AGM tliat Ni'e have submitted preliminary plans to the Diocesan
Advisory Committee (DAC), and due to St. John's listed building status, these plans are then
shared with vital hisloric groups like Herilage England. the Georgiaii Soeiety and so on. A
ststement of need, and a ststement of significance are offered by us outlining the history, and
the eurreiit plan and vision tor the church going forward. We received cautiously positive
feedback as expected. We remain excited about thLS Project and what it could mean for St.
Jol)n's, with our Prayer Saturdays focussed on disceming and praying in this future. This
project will probabl}. happen in up to three phases and Nicky talked us through this. A
question about the removal of the pews was raised which is a long-tenn consideration of the
PCC as planning moves forward.
12. Any Other Bu$in¢ss
No questions were asked.
13. Closing Prayer
Alan ended the meeting with a prayer.
Church Warden Report
James 1:17 tells us that: 'Every good and perfect gift is from above, coming down from the
Father of'the heavenly lights, who do¢s nol chan&Je like shittingy shadows, W¢ thank God for
seeing us through another year and the opportunity to share fellowship with one another.
It has been an uneventful year for the church, but still a year to be joyful to God for the
contribution we continue to make to our community. Our children and adult seriwices were
conducted as usual in addition to mid- week bible studies. We had a very rich progJramme of
activities over the Christmas season with very good attendances.
Attendance to church services and other activities continue to grow and we pra}T that this trend
will continue for John 12-32 says, when l am lifted up from the earth, will draw all people to
myself."
Not much progress was made with the reordering project during the year but we continue to
pray and remain hopetul on a break through. We have begun to en&Jage the diocese to explore
possible financing options for the project when finall> we get the go ahead from the DAC.
We continue to honour our commitment to the common fund and to our mission partners and
other charities The support. We are deepl! appreciative of your support and do not take your
generosity for granted.
The church continues to play its part in the life of st John's school with members serving as
Governors in the school.
We had a summer fete during the summer which was well appreciated and attended and which
helped us to raise some money towards the work of the church.
The Nigerian c.haplaincy continues to hold their church services in our church building. We
continue to house the Little Haven nursery while providingJ th¢ LhurLh gTrounds for Pines and
Needles to sell Christmas trees during the festive season.
Finally, Ive shall soon be bidding farewell to our Vicar and wife, Alan and Jill. We thank God
ttir th¢ir q¢rvic¢ at st John s and pray for God's guidan¢¢ and protection oi'¢r them in their
future endeaN'our.
Maggie Smi'th & Uche Ihedioha
PCC Secretary's Report
St John's Parocliial Church Council (PCC) has met six (imes sinee the last annual general
meeting in May 2022. At the meetings we discussed and made decisions on a number of
church matters. These matters include our ongoing reording Project, new ministries, }'outh and
kids ivork. safeguarding and quinquennial works.
Elin Warnasuriya
Elecloral Roll Report
Currently there are 140 names on the Electoral Roll. One name have been removed this year
and have gone to be with the Lord. One name have been added. We thank God for every
member of our congregation and tor what they bring to our ¢hur¢h family at St. John's.
Elin Warnasuriya
Children's Ministry Report
Yet another privileged and incredible vear where we as a team have grown and loved the Lord
with your children. The children of St. John's have grown deeper in faith and closer as a
group ag they have come to&Jciher every sin&Jle Sunday to play and pray. to learn the word of
God. and to think about how to be a Christian in the every day at home. in family and at
school. We as a team haiie been Iionoured to sit alongside the children and talk God's word
through in ways thai they are able to make sense of their faith back ivith us.
We are joined by between 12 and 20 children every week. We have learnt as a team that we
hae to be so utterly flexible to the needs and demands of the group each week, as we
genuinely don't know who is going to be there or how inany are going to be there. But what
we do knolv is that the method and the menu seem to work well.
The children begin with their breakfast bag as they arrive and after writing their narne on it go
out to play with each other for 15 or 20 minutes in tlie school outdoor playground. We have
seen such fabulous bonds gJroiv between the children as they have learnt to enjo! each other's
companN, dearl). This is the foiindation for good Christian friendships as they go on through
their lives, it also means that they leam to be in good ways in the group as they leam about
Jc8us in th¢ rest ot. the q¢ssion. We th¢n gJo into a tiin¢ of prai%¢ and Bibl¢ teaching usin
YouTube and kids Bible material along with integrated spoken teach time from the front.
Follo1ng this, we go into inultiple sensory activities b), way of layering the depth of the
biblical messages 2a truths. In this way, we are able to reach across the age group ot children
and the need space of those in the group.
I have been deeply deeply privileged and honoured to have got to know the children over the
last five years realli, well, and also the incredible Christian pareiit team of helpers. What you
may not realise is that we are truly blessed as adults to be together and learn alongTside the
children ever! week, in fact, you're missing out, not being part of that team. It would be true
to say, however: that ive are actually shattered at the end of every session because it deniands
you to be wholehe(irtedl)' servingJ the Lord in mind and body and in spirit. We are deeply
grateful to the school for allowing us to have their facilities.
The good news is that ive Iiave rotas of the main team to work ivitli the children every week.
Wc also have children's matcrial to lakc ihe team and th¢ vhildr¢n through th¢ n¢xt y¢ar in
both teaching materials and craft materials and we are deepl}, grateful to the church and the
PCC for proi'iding the children's work with this. However we will always need more help and
so parents we need you to otY¢r. It's not trightening. You just hav¢ to come alongside the main
team leaders who will allow you to be able to sit in the spaces with children and support them
in their thoughts and their activities. the key characteristics must be that you are a safe person,
and that you love the lord with all your heart, and enjoy tun and mess!
As I leave, I will neveT forget, he's beautiful and amazingJ children, nor will I forgJet the
incredible team that I M'ork with Sunday after Sunday commitment the jo! and most of all a
deep faith in God. Please support them and encourage them every single week in your prayers
and in your words. Thank Iwou forever, the children's team St John's.
Jill Comfort
Youth Ministry Report
We have l O young people on our youth register, 7 of which are in regular attendance every
Sunday. I have achiev¢d th¢ establi.%hment of a Youth Community, the ¢ongi.%t¢ncy with
meetings. and quarterly trips (social activities and spiritual growth opportunities). There is
now a family spirit, due to trips, socials and consistent Sunday sessions. I still have a
committed volunteer group who operate on a rotation of 5 weeks and they support the
sessions by contributingF to the discussions, provokingJ thought and engagJingy in gsroup
activities.
We have started the year exploring the book of Acts, looking at practically how we can put
our faith in action. This has been further supported by the retreat Nvhich was a tantastic
opportunity for the young people to learn how they will run their race for Jesus personally
(Hebrews 12). They had the opportunity of asking questions, many asked.. How can they start
running their race for Jesus, How do they run for Jesus. If God is all loving why do children
die from cancer ect. They are becomingT more reflective on how they personally can live their
life for Jesus.
Each week we meet, a young person is given the chapters in Acts which will be explored
duringF the sessivn a week in advance and they teach alvn&J%ide myself, and the volunteers. I
'ill spend time with them studying the passage and praying over the session during a
preferred evening in the week. All age service has been an opportunity for the young people to
tsk¢ part in th¢ s¢rvi¢¢ and also tak¢ own¢rqhip in their l¢ad¢rship.
Overall, I see exceptional growth in the relationship, biblical understanding and practice of
service public in the church, readings in church by the youth. l just want to see more of that
shining in the church so we do not become disconnected as a ministry from the church.
Dorcas Asuming
Wednesday Nighl Church Report
Wednesday nights continue to be a great encouragement for roughly l 0-15 people on a
'eekly basis. This is a zoom gathering which enables a wide range of age groups to worship,
pray, and study the bible tOLTether. We break into small breakout groups iwith a strong
emphasis on people being involved. l am certain this is a good place for those who long to
grow in faith, and one another godly support as we all face the ups and downs of modern life.
Thar you to Sheryl, Rev Uzor, and Jill who help me to head up the breakout groups.
Revd. Alan Comfort
Soup & Stretch Report
This is an exeiiing new ininisty less than six months old. The idea came from a ministry
called ACtiate which focuses on the need for exercise to improve our mental and spiritual
'ellbeing. Most of the people who come are slightly older of years, but the exercise is
carefully planned by our instructor Sarah to WOTk those altending in safe ways. The exeT¢ise
has proved a big hit ivith on average 8-13 people. This is theii followed b), the most lovely
homemade soup made by Vida from church, and sometimes Audrey who is a regular at the
group. Huge thanks to Vida & Audrey for faithfully preparing the soup on a weekly basis, and
Colleen in parlicular who prepares ihe tsbles and bread. This is an oulreaLh aeiivily lo
welcoine those not yet reached by the church, and the signs so far suggest this could be a great
success. A service of Holy Communion follows the soup and everyone is made to feel
welcome if they w()uld like to come.
Revd. Alan Comfort
Catch up Saturdays and Prayer Saturdays Report
We have continued both these actiltieS over the past year and now have a well established
group ol. reguylar attLndecs, although neweomLrs are always welcome.
Prayer Saturdays are the first Saturday of the month from l 0-30am - I pm. We spend some
time praising God and praying together. We also have tea and cake.
Those times haiie been a great blessing as we have prayed for one another, for our
communitics and for the world in which we lii'e. It's a Lyrcal opportunity to hear from God and
encourage one another. As we move into a period of interregnum and the search for a new
vicar, this becomes even more imporLqnt and we'd love to see even more people attend as we
seek God's plans for the next chapter in the St John's story.
We also open the church eTrery Saturday morning for anyone who wants to pop in for a warm
welcome. a hot drink and a piece of cake. Getting together and encouraging one another is a
wonderful thing.
Thank you 10 all who help with these activities including Jill, Maggie, Angela and Colleen
who help with refreshments and thank you to all those who attend and participate.
LNicky Pinkney
Welcome Team Report
The 2022-2023 year has been an exciting one for the St John's Welcomiiig Team, Mith Cecilia
joiningT the te£iin and otferinLJ her unique M'elcoming qualities, Ivhich have been a hugTe
blessing. It is a jolw to be able to welcorne each one of you to our Sunday services. and to see
your friendly faces at St John's, and to welcome many new faces to our congregation. We give
thanks to God tor the leadership of Uncl¢ Lloyd. who alongsid¢ C¢¢ilia, Ad¢ and Amir, thank
you all for N'oiir w'amlth and kindness.
Revd Alan and Jill have been an incredible leadership partnership at St John's, and we have
been so blessed by their taith, love, and kind hearts, in their devotion to our Lord Jesus Christ.
Revd Alan and Jill, revealed all that is most wonderful and true in the human spirit in their
'ork with the families and children, and all here at St John's, by each week providing our
chureh family with the wonder and glory of our Lord. We will dearly miss their presence
amongst us, and their vitality and energ'y, and we pra). for their happiness as they continue on
their mission to serve and to share the good news. May God bless Revd Alan and Jill and their
dear family, forever.
Our de(ir Lord God. may we all at St John's continue to be of service to you. and to serve with
a glad and willing heart, in the comfort and shelter of your love dear Father. With love and
blessings in Christ.
David Pri¢¢
Reordering Project Report
The past l'ear has been a challengTingJ one in ternis of our building project. We had hoped to be
further fonvard but we haN'e experienced a number of setbacks as we have tried to understand
what the Diocesan Advisory Collneil Th'ill support in the context of our building, given its
listing and historical sigJnificance.
Our initial thought was to put forward an ambitious plan which M'ould have transfomied the
interior of the church making it a more usable and accessible space but that has proven too
radical go we have Changed our approach lo aceommodale the views of some of the heritage
societies as well as the DAC.
We have conducted a conservation study to better undersLqnd the significance of the building
and also an options study to consider what alternative options are available.
As a result we have settled on a scheme Th'hich ivould involve doing most of the work as a
side extension to the church. We have recently received encouraging feedback from the DAC
that w¢ are now moving in a dir¢¢lion they Can support and w¢ ar¢ optimisti¢ that w¢ will
now be able to rnove fonvard.
Please continue to pray for God's guidance and for help and assistance from the DAC as we
take the next steps.
Nicky Pinknc),
Treasurer's Report
Greetings St. Johns family! We thank the Lord for providing a year of financial stability in
2022 and for being able to continue supporting the normal running of the church and its
much-valued group and community activities.
It must be noted that income from parishioner giTring was notably lower by 8 % compared to
2021 and that costs having generall). gone up across the board: as all have undoubtedl).
experienced in their personal situations. We pray for God's susienance for all during these
very challenging times.
Here are the highlights of the financial activity for 2022. The detailed draft accounts can be
found in the appendix.
Income (excl. grants): £1$0,850
Giving- 80,681
Rental - Anatola Rd. St John's premises; St Peters residential letting-
Investments interest- 1,419
Parochial Fees (weddings, funerals etc.) 1,446
Expenses: £135,694
Common Fund- 45,000
Operating costs- 42,860
Minor ¢hur¢h buildinLJ mainl¢nan¢¢- 12,591
Mission partner support- 5,154
Reordering project- design m-.ork - 9,500
Depreciation- 20,589
Net: £15,156
It is important to point out that based on current figures, income from giving alone is not
enough to sustain the church's actiTrities. St Johns is heavil}, reliant on rental income from 3
sources- the curate's house on An(Itola Rd; the church prernises to Little Haven nursery +
Pines and Needles, and rental from St Peters Trust. Without these streams, the financial
position would read very difterently.
l ask l'ou to pray about and review your tithingJ as coll¢ctii'el)', this has bcen an arca of
stagnation in our church finances- it is through your financial support that a full-time fv'icar
can be supported, services can have worship leaders. our listed building can be maintained,
and invaluabl¢ pastoral and youth & children's groups can continu¢ to b¢ support¢d.
In closing. I want to thank Alan and Jill for their unbounded service, commttment and love
shown to St. Johns over their years here. Your impact and presence were t.elt trom the moment
you a]Ved {who remembers the boundary wall that needed replacement?) and over the years
you brought a sense of vision and can-do-ability, despite the COVID years making things very
challenging.. in running the church and embarking on neTh projects. As treasurer and PCC
mcmbcr, I thank you for your God-centcrLd &Juidance and dircclion. You will be mi%8ed, and
on behalf of all at St Johns we wish you both Th'ell on the onward journey God has in store for
ou.
Graham Warnasuriy
Safeguarding Report
SategFuardingT continues to be a priority to us as at St. John's as we are makingF sure the church
is a safe place to worship. As a PCC we have discussed safeguarding issues at large to how we
best Can protect our congregation and we have also discussed particular issues and scenarios
lo k¢cp us int(IrmLd and alert to any safeguaTding concerns arising.
Elin Warnasuriya
Health and Safety Report
In the past year ive have continue to ensure that our church is a safe space in tern]s of health
and safety. Among others, part of our annual maintenance is to service electrical equipment,
fire extinguishers and the emergency lights. Our annual fire drill was undertaken during the
I l am service on 24th July 2022. In January this year we had five members taking part of a
first aid training course. We also had our pastoral care worker taking part in a mentt]I health
first aid course.
Elin Warnasuriya
Vicar's Report
This time last year I could never have imagTined we would be here, with Jill and l on our way
to IpsM'.ieh and the church preparing for another intetTegiium. I do hope you can see some
progress in church life over the past five years: but I struggle to see past the 'reordering
project, I thought was m? God given destiny here. I remember arriving and talking about my
h()pe% and drLams from day one. Pa%t expcrienees had %h()wn uq/me that ehangL to the
buildiiigs would unlock ministry that could Iiardly be dreamt of, but ii'ould surely happeii. I
am so Sorry I have not been able to achieve this for you, and yes there are a number of reasons
for this, but our achieTrements are always in God's hands right. For He is never too early,
never too late. bul always on liine. Despite feeling let down by. the Diocese in d]is, we all
know that if God wants something to happen it will happen. We are sad this is not ours to
share with vou, but grateful to God that Hi5 plans will bless the future of St. John's.
Thank you for welcoming and supporting us for nearly five years. For each member of the
PCC, wlio have strained to move our ministry fonvard, and now need your prayers as they
carefully establish the gsround a new Vicar M'ill inherit. To Uche and Maggyie, our faithful
Churehwardens who have offLred us their absolute support and more imporlantl!, their
support for St. John's church conimunity. Last July we had the joy of welcoming back Rev
Uzor as our Curate. What a delight she is; St. John's through and through, and on fire for God.
As w¢ l¢av¢ and a new Viear is on the way, ReN' Uzor will bc exeiiing hand4 lo be held in.
Thank j'ou all. For Graliam and Elin who continue to serve St. John's as Treasurer and trusted
Adrninistrator from Grantham. For Nicky who has kept me sane throughout our building
failures, and taken the lead in our Prayer Saturdays. Thank )'ou all!
Sundays are a great day at St. John's. DaN'id Price is often in church before everyone else,
making tea for people as they arrii'e, preparing the visuals for the service. welcoming Neresa
as she bounces into Church ready to sing and dan¢e with Jackie and Jennifer, or Jam¢s. Sheryl
and Jane. Jill is in the school getting things planned and ready for expectant children who
come knoiving fun and God are waiting. Thank you to all the kids team, Blessie, Geri,
Laurette, Ade, Nazarian. Then Dorcas arrives, a little later than others {like all young people)
passionate aboul our young people and longing for ihem to know God in Jesus more. Thank
ou Fay, Sheryl, Henrietta, Jay, as you support this great work. Sundays are a great day.
Last July we witnessed a wonderful full immersion baptism service at Upper Holloway Baptist Church. Eleven people went under the water, rising joyfully to live a new life for Jesus. All of them spoke of the change that Jesus was making in their lives. How exciting. The week before we had the amazing St. John's Summer Day with the talented band Lennox plays in, food, BBQ, children games, and dancing. What joy.
This past year has not been easy for so many. The war in Ukraine, the cost of living crisis, the continued threat of covid, but St. John's offers hope and welcome to everyone. Our number of wonderful Iranian men and women continues to grow and for this we thank God every day. Our church building, despite the struggles I've referenced, continues to stand out on a road, and in a part of North London, that needs to see visible hope, and St. John's is a place of Godly hope through Jesus. As our pastoral team headed up by Sheryl blesses you. As our prayer ministry team headed up be Rev Uzor lifts people towards heaven, hope will continue to be found here in Jesus.
We will miss being part of St. John's, and always wish we could have helped you achieve more than we have, but we all know that God is still on His throne at St. John's, and in His time, and in His way, great things will happen. We pray our leaving brings change in the Diocese, and St. John's achieves what you deserve in God.
With all our love in Jesus Revd. Alan & Jill
## Trustees' Responsibilities
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:
i) Select suitable accounting policies and apply them consistently ii) Make judgements and estimates that are reasonable and prudent
iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Approved by the Trustees on 2023
Signed on their behalf by
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Printed Name: Mr G. Warnasuriya
10
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**DIOCESE NAME**|Diocese of London|||||||||
|---|---|---|---|---|---|---|---|---|---|
|**MEMBERS OF THE CHURCH**||||||||||
|**PCC Chair**|Rev`d Alan Comfort|||||||||
|**PCC Members**|Mary Bishop|||||||||
||Jill Comfort|||||||||
||Emmanuel Ekwechi|||||||||
||Sheryl Hendrickson|||||||||
||Lloyd Milo|||||||||
||Ade Olujinmi|||||||||
||Lucius Onyemelukwe|||||||||
||Nicky Pinkney|||||||||
||Elin Warnasuriya|||||||||
||Graham Warnasuriya|||||||||
|**Church Wardens**|Maggie Smyth|||||||||
||Uche Ihedioha|||||||||
|**Deanery Synod Reps**|Gabriel Bankole|||||||||
||David Price|||||||||
||Henrietta Cabey|||||||||
|**CHARITY STATUS**|The PCC registered with the||Charity Commission||on 22nd|March 2022||||
|**CHARITY REGISTRATION NUMBER**|1198307|||||||||
|**GOVERNING DOCUMENT**|Parochial
Church|Council|Powers|Measure|(1956)|as|amended|and|Church|
||Representation Rules that came into|||force on 2nd January 1957||||||
|**REGISTERED ADDRESS**|St John's Grove|||||||||
||Upper Holloway|||||||||
||Islington|||||||||
||London|||||||||
||N19 5RR|||||||||
|**PRIMARY BANKERS**|HSBC Bank Plc.|||||||||
||31 Holborn|||||||||
||Holborn Circus|||||||||
||London|||||||||
||EC1N 2HR|||||||||
|**INDEPENDENT EXAMINER**|Independent Examiners Ltd|||||||||
||Unit 2 Broadbridge Business||Centre|||||||
||Delling Lane|||||||||
||Bosham|||||||||
||PO18 8NF|||||||||
11
## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
This report on the financial statements for the PCC of the Ecclesiastical Parish of St John The Evangelist Upper Holloway the year ended 31st December 2022, which are set out on the following pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and s.145 of the Charities Act 2011 ('The Act').
## **Respective Responsibilities of the PCC and the Examiner**
As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to issue this report on those financial statements accounts in accordance with the terms of the Regulations.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 (5)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued from the Finance Division of the Archbishops' Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, attention is drawn to the fact that the Trustees Annual Report does not follow the required format. The Trustees have acknowledged that this will be addressed in the following financial year. No other matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements:
- ●to keep accounting records in accordance with section 130 of the Act; and
● to prepare accounts which accord with the accounting records and to comply with the requirements of the Act, and the Regulations 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.
Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF
Dated:
12
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
|**Notes**
**INCOME FROM:**
Donations & Legacies
**4a**
Income from Generated Funds
**4b**
**4c**
**4d**
**TOTAL INCOME**
**EXPENDITURE**
Cost of Charitable Activities
**5a**
Governance Costs
**5b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
**NET MOVEMENT IN FUNDS**
Balances Brought Forward
**18**
Unrealised Gains & (Losses)
**3**
Transfer Between Funds
**10**
**BALANCES CARRIED FORWARD**
Other Incoming Resources
Income from Investments|Pre-Registration
Excepted status
Unrestricted
Endowment
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
Funds
**2022**
**2021**
£
£
£
£
£
£
80,406
-
125
150
80,681
140,924
67,304
-
-
-
67,304
47,447
1,419
-
-
-
1,419
963
1,446
-
-
-
1,446
9,052
**150,575**
**-**
**125**
**150**
**150,850**
**198,386**
120,028
180
5,375
-
125,583
197,922
10,111
-
-
-
10,111
10,141
**130,139**
**180**
**5,375**
**-**
**135,694**
**208,063**
**20,436**
**(180)**
**(5,250)**
**150**
**15,156**
**(9,677)**
20,436
(180)
(5,250)
150
15,156
(9,677)
592,547
45,261
460
22,192
660,460
664,842
-
(4,572)
-
-
(4,572)
5,295
(165,250)
-
165,250
-
-
-
**447,733**
**40,509**
**160,460**
**22,342**
**671,044**
**660,460**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the PCC's operations are classed as continuing.
The notes on pages 15 to 23 form part of these financial statements.
13
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **BALANCE SHEET AS AT 31ST DECEMBER 2022**
|**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**3**
**Current Assets**
Cash at bank and in hand
**6**
Debtors & Prepayments
**7**
**Total Current Assets**
**Creditors:**Due Within One Year
**8**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**Creditors:** Due in More than
**9**
One Year
**NET ASSETS**
**Funds of the Charity**
Unrestricted Funds
Endowment Funds
**3**
Designated Funds
**10**
Restricted Funds
**11**|Pre-Registration
Excepted status
Unrestricted
Endowment
Designated
Restricted
**31-Dec-22**
**31-Dec-21**
Funds
Funds
Funds
Funds
**Total**
**Total**
£
£
£
£
**£**
**£**
383,036
-
-
-
383,036
403,626
6,544
34,751
-
-
41,295
45,867
**389,580**
**34,751**
**-**
**-**
**424,331**
**449,493**
37,872
5,758
160,460
22,342
226,432
189,024
23,785
-
-
-
23,785
24,021
**61,657**
**5,758**
**160,460**
**22,342**
**250,217**
**213,045**
3,504
-
-
-
3,504
2,078
58,153
5,758
160,460
22,342
246,713
210,967
**58,153**
**5,758**
**160,460**
**22,342**
**246,713**
**210,967**
-
-
-
-
-
1
**447,733**
**40,509**
**160,460**
**22,342**
**671,044**
**660,460**
447,733
-
-
-
447,733
592,547
40,509
40,509
45,261
-
-
160,460
-
160,460
460
-
-
-
22,342
22,342
22,192
**447,733**
**40,509**
**160,460**
**22,342**
**671,044**
**660,460**|
|---|---|
## Approved by the Trustees on ………………………………………2023
Signed on their behalf by ……….…………………………....………………………………………………………………………………………………………………………………… Printed Name: Mr G. Warnasuriya
14
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **1.�ACCOUNTING POLICIES**
## **a)�Basis of Preparation of Financial Statements & Assessment of Going Concern**
The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.
The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
There are no material uncertainties about the charity’s ability to continue as a going concern.
The church is registered with the Charity Commission under number 1198307. The Trustees are the members of the PCC named on page 11.
## **b)�Fund accounting**
PCC funds are required to be analysed under specific headings, as follows.
**General funds** represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC.
**Designated funds** are earmarked by the PCC for purposes but are nevertheless still unrestricted as the PCC can reassign the funds if it wishes.
**Restricted funds** are funds collected or donated for a purpose and cannot be used by the PCC for any other purpose except by agreement with the donor.
**Endowment Funds** are funds donated for the purpose specified by the donor, the capital is held in accordance with the directions of the donor, and income arising from the fund is to spent in accordance with the donor wishes.
The funds of the PCC have been appropriately analysed, and the statement of financial activities has been prepared in accordance with this analysis.
## **c) Accounting Requirements**
The accounts are required to include all transactions, assets and liabilities for which the PCC can be held responsible.
## **d) Income**
(i) **Donations** - Collections and planned giving are included in the SOFA when the funds are received. Income tax recoverable on gift aid donations is recognised when claimable.
(ii) **Other donations** - Any grants or legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
15
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
(iii) **Trading and ancillary activities:** All funds raised by parish activities such as the bookstall, and catering etc. are accounted for gross. Rental income from non-investment property and room lettings is recognised when the rental is due. Parochial fees for weddings, funerals etc., are accounted for when due.
(iv) **Investments** - Income earned on short-term deposits with the bank and Central Board of Finance is accounted for when received. Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the year-end.
## **e) Application of Resources**
(i) Grants and outward giving are accounted for in the SOFA when paid, unless an obligation, whether constructive or legal, exists to the recipient in accordance with the Charities SORP and FRS102.
(ii) Parish share and other costs directly relating to the work and activities of the Church are accounted for when they are incurred or become due and payable.
## **f) Fixed Assets**
(i) **Consecrated land and buildings and moveable church furnishings** - Consecrated and beneficed property, is excluded from the accounts by S10(2)(a & c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
(ii) **Other land and buildings** - Other land and buildings held on behalf of the PCC for its own purposes are valued at a fair but prudent valuation which is a reasonable estimate of the current value “in use” of the property. No depreciation has been charged in respect of such properties as they are kept in sound condition and any expenditure on maintenance or improvement following regular review is written off as incurred. Other land and buildings held for rental purposes are depreciated over 30 years.
(iii) **Other fixtures, fittings and office furniture -** Fixtures, fittings and equipment used for church purposes is capitalised and written off on a straight-line basis over the assets estimated useful life.
Routine replacements and renewals are written off as expenditure in the SOFA. Other equipment purchases of under £7,500 are also written off as expenditure in the SOFA.
## **g) Current Assets**
Amounts owing to the PCC at the year end in respect of tax reclaims and other income are shown as debts less any provision for amounts which may prove to be uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance or at a bank.
## **h) Tax Status**
As a charity, the PCC is exempt from paying income and corporation tax but does have to pay value added tax if applicable.
## **i) Depreciation Expense**
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on an appropriate basis over their estimated useful lives. The rates applied per annum are as follows:
Freehold Land & Building
Fixtures, Fittings & Equipment
Straight Line Basis Over 30 Years based on original cost of £96,000 until 2017, then based on revalued cost of £550,000
Reducing Balance Basis at 25% of Cost
16
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Jan-22
Additions
Cost at
31-Dec-22
Depreciation
01-Jan-22
Charge
Depreciation at
31-Dec-22
Net Book Value
31-Dec-22
Net Book Value
31-Dec-21|Freehold
Improvements
Fixtures
Land
to
Fittings &
**Total**
& Building
Property
Equipment
**2022**
£
£
£
£
550,000
2,992
17,167
570,159
-
-
-
-
550,000
2,992
17,167
570,159
155,399
1,730
9,404
166,533
18,333
316
1,941
20,590
173,732
2,046
11,345
187,123
**376,268**
**946**
**5,822**
**383,036**
**394,601**
**1,262**
**7,763**
**403,626**|
|---|---|
Trustees of the Parish of St John Upper Holloway sought guidance and advice regarding the revaluation of Land & Buildings at 4 Anatola Road, London, N19 5HN. The Land & Buildings were previously valued at cost and were included in the accounts at a value of £96,000 as at the 31st December 2015. The subsequent valuation for Land & Buildings were based on fair value by a local estate management agent and were valued at £550,000 as at the 31st December 2016.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022: None 31st December 2021: None
## **3. INVESTMENTS**
|||Unrestricted
Endowment
Endowment
Funds
Funds
Funds||
|---|---|---|---|
|Market Value at|01-Jan-22|Thomas
Thomas
Dickinson
Lyon Charity
CBF
CCLA- COIF
CCLA- COIF
Deposit
Investment
Investment
Fund
Fund
Fund
£
£
£
6,544
36,793
2,530|**2022**
TOTAL
£
45,867|
|Additions||-
-
-|-|
|Disposals||-
-
-|-|
|Unrealised Gains/(Losses)||-
(4,278)
(294)|(4,572)|
|Transfer of Funds to Church Bank Account||-
-
-|-|
|Market Value at|31-Dec-22|**6,544**
**32,515**
**2,236**|**41,295**|
**The Thomas Dickinson Fund** was established by a Scheme dated March 1975. The Vicars of the Parish Church of St John the Evangelist, Upper Holloway and the Parish Church of St Mark with St Anne, Holloway and Co-Optive Trustees of both Parish Churches were appointed first Trustees of the Fund. The capital of the fund is held in permanent endowment and cannot be spent. Income from the fund is by way of dividends, for which the above churches including St John's are beneficiaries. The dividends are paid into a separate bank account and distributed to the two beneficiaries. The purpose of the fund is for supporting members of the congregation meeting for religious worship at the Parish Church of St John the Evangelist, Upper Holloway and the Parish Church of St Mark with St Anne, Holloway, who are in conditions of need, hardship or distress. In 2022, dividend income totalling £243.57 from the Thomas Dickinson Endowment Fund is accrued and shown in the Statement of Financial Activities.
The Charity holds investments with CCLA COIF Investment Fund. **The Thomas Dickinson** Investments Fund held 1789 Investment Fund Shares at a unit cost of 1,817.49 pence per share. The investment value was £32,514.90 as at the 31st December 2022.
17
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **3. INVESTMENTS (continued)**
**The Thomas Lyon Fund** was established by a Scheme dated March 1975. The Ecclesiastical Parishes of St John the Evangelist, Upper Holloway and St Mark with St Anne, Holloway were appointed first Trustees of the Fund. The capital of the fund is held in permanent endowment and cannot be spent. Income from the fund is by way of dividends, for which the above churches including St John's are beneficiaries. The dividends are paid into a separate bank account and distributed to the two beneficiaries. Income from the fund must be used for the relief of poor members of the congregation meeting for religious worship at the Parish Church of St John the Evangelist, Upper Holloway. In 2022, dividend income totalling £33.38 from the Thomas Lyon Endowment Fund is accrued and shown in the Statement of Financial Activities.
The Charity holds investments with CCLA COIF Investment Fund. **The Thomas Lyon** Charity Investment Fund held 123 Investment Fund Shares at a unit cost of 1,817.49 pence per share. The investment value was £2,235.51 as at the 31st December 2022.
|**4. INCOME**|||||||Pre-Registration|
|---|---|---|---|---|---|---|---|
||||||||Excepted status|
||**Note**|Unrestricted|Endowment|Designated|Restricted|**TOTAL**|**TOTAL**|
|||Funds|Funds|Funds|Funds|**2022**|**2021**|
|**a) Donations & Legacies**||£|£|£|£|£|£|
|Gifts & Donations|**10**|65,036|-|125|150|65,311|81,655|
|Gift Aid Tax Recoverable||12,729|-|-|-|12,729|16,768|
|Grants|**11**|2,641|-|-|-|2,641|42,500|
|||**80,406**|**-**|**125**|**150**|**80,681**|**140,924**|
|**b) Income From Other Trading**|**Activities**|||||||
|Rental Income||67,304|-|-|-|67,304|47,447|
|||**67,304**|**-**|**-**|**-**|**67,304**|**47,447**|
|**c) Income from Investments**||||||||
|Bank Interest and Dividends|**3**|1,419|-|-|-|1,419|963|
|||**1,419**|**-**|**-**|**-**|**1,419**|**963**|
|**d) Other Incoming Resources**||||||||
|VAT Rebate(Listed Places of Worship Scheme)||-|-|-|-|-|7,883|
|Weddings and Funerals||1,446|-|-|-|1,446|1,169|
|||**1,446**|**-**|**-**|**-**|**1,446**|**9,052**|
18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
|**5. EXPENDITURE**
**Note**
**a) Cost of Charitable Activities**
Church Mission Support
Church Running Costs (Utilities)
Clergy Expenses
Curate House Repairs and Maintenance
Depreciation Expense
Equipment and Software Costs
Fabric Costs
Gifts & Donations
License & Subscriptions
London Diocese - Common Fund
Marketing, PR and Web Design
Office Costs
Organ Costs
Outreach & Evangelism
Overseas Mission Support
Repairs & Maintenance
Staff Costs
**13**
Sundry Expenses
Telephone Costs
Training Costs
Volunteer Costs, Staff Welfare and Travel
Worship Costs
**b) Governance Costs**
Insurance Costs
Independent Examiners Fees
**8**
Legal & Professional Fees|Pre-Registration
Excepted status
Unrestricted
Endowment
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
Funds
**2022**
**2021**
£
£
£
£
£
£
331
180
-
-
511
2,500
13,950
-
-
-
13,950
9,206
175
-
-
-
175
-
378
378
-
20,589
-
-
-
20,589
21,342
287
-
-
-
287
1,349
-
-
-
-
-
71,005
1,049
-
-
-
1,049
650
1,898
-
-
-
1,898
1,717
45,000
-
-
-
45,000
55,000
-
-
-
-
-
214
300
-
-
-
300
1,331
432
-
-
-
432
607
-
-
-
-
-
1,813
5,154
-
-
-
5,154
5,181
7,426
-
5,165
-
12,591
10,451
18,769
-
-
-
18,769
13,864
68
-
-
-
68
-
902
-
-
-
902
770
506
-
-
-
506
-
45
-
-
-
45
640
2,769
-
210
-
2,979
282
**120,028**
**180**
**5,375**
**-**
**125,583**
**197,922**
8,671
-
-
-
8,671
8,401
1,440
-
-
-
1,440
1,380
-
-
-
-
-
360
**10,111**
**-**
**-**
**-**
**10,111**
**10,141**|
|---|---|
19
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
|**6. CASH AT BANK AND IN HAND**
Cash at Bank and in Hand
**7. DEBTORS & PREPAYMENTS**|Pre-Registration
Unrestricted
Endowment
Designated
Restricted
Excepted status
Funds
Funds
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
**£**
**£**
37,872
5,758
160,460
22,342
226,432
189,024
**37,872**
**5,758**
**160,460**
**22,342**
**226,432**
**189,024**|
|---|---|
|Debtors and Prepayments
Gift Aid Tax Recoverable
Interest and Dividends Receivable
Listed Places of Worship Scheme
Loan|Pre-Registration
Unrestricted
Endowment
Designated
Restricted
Excepted status
Funds
Funds
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
**£**
**£**
604
-
-
-
604
26
12,904
-
-
-
12,904
16,768
277
-
-
-
277
1,489
-
-
-
-
-
5,738
10,000
-
-
-
10,000
-
**23,785**
**-**
**-**
**-**
**23,785**
**24,021**|
|---|---|
The loan shown above relates to an interest free loan given to Red Balloon Foundation (registered charity 1158982) on 26th January 2022, with a planned repayment date of 26th January 2023 (or an agreeable date between the parties).
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Sundry Creditors
Independent Examiners Fee
NEST Pension Contributions|Pre-Registration
Unrestricted
Endowment
Designated
Restricted
Excepted status
Funds
Funds
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
**£**
**£**
2,044
-
-
-
2,044
617
1,440
-
-
-
1,440
1,380
20
-
-
-
20
81
**3,504**
**-**
**-**
**-**
**3,504**
**2,078**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR ONE**
There were no long term liabilities held during this or the previous financial period.
20
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH**
## **OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **10. DESIGNATED FUNDS**
**----- Start of picture text -----**
CURRENT YEAR Balance Transfers Transfers Balance
01-Jan-22 In Income Expenditure Out 31-Dec-22
£ £ £ £ £ £
Re-ordering Project 460 165,165 - 5,165 - 160,460
Soup and Stretch Fund - 85 125 210 - -
460 165,250 125 5,375 - 160,460
Pre-Registration
Excepted status
PRIOR YEAR Balance Transfers Transfers Balance
01-Jan-21 In Income Expenditure Out 31-Dec-21
£ £ £ £ £ £
Re-ordering Project - - 1,000 540 - 460
Soup and Stretch Fund - 85 125 210 - -
St Peter's Fund 90,500 - - - (90,500) -
Farewell Fund 280 - - 250 (30) -
90,780 85 1,125 1,000 (90,530) 460
**----- End of picture text -----**
The transfers in 2022 represent:
£ Re-ordering Project 5,165 To replenish shortfall on designated fund expenditure Re-ordering Project 160,000 PCC agreement to allocate funds to Re-ordering Project Soup and Stretch 85 To replenish shortfall on designated fund expenditure
## 165,250
The Churches designated funds are wholly represented by cash reserves held and are to be expended as specified above.
## **11. RESTRICTED FUNDS**
|**CURRENT YEAR**
Drop in Centre
Fabric Fund
Upper Holloway Fellowship
of Churches
Church Heating Fund
**CURRENT YEAR**
Drop in Centre
Fabric Fund
Upper Holloway Fellowship
of Churches|Balance
Transfers
Transfers
Balance
01-Jan-22
In
Income
Expenditure
Out
31-Dec-22
£
£
£
£
£
£
8,521
-
-
-
-
8,521
13,081
-
-
-
-
13,081
590
-
-
-
-
590
-
-
150
-
-
150
**22,192**
**-**
**150**
**-**
**-**
**22,342**
Pre-Registration
Excepted status
Balance
Transfers
Transfers
Balance
01-Jan-21
In
Income
Expenditure
Out
31-Dec-21
£
£
£
£
£
£
8,521
-
-
-
-
8,521
-
-
42,500
-
(29,419)
13,081
590
-
-
-
-
590
**9,111**
**-**
**42,500**
**-**
**(29,419)**
**22,192**|
|---|---|
There were no transfers between funds in 2022.
The Churches restricted funds are wholly represented by cash reserves held and are to be expended as specified above.
21
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **12. ANALYSIS OF NET ASSETS BY FUND**
|**CURRENT YEAR**|Unrestricted|Unrestricted|Endowment|Designated|Restricted|31-Dec-22|
|---|---|---|---|---|---|---|
|||Fund|Fund|Fund|Fund|Total|
|||£|£|£|£|£|
|Fixed Assets and Investments||389,580|34,751|-|-|424,331|
|Current Assets||58,153|5,758|160,460|22,342|246,713|
|Liabilities (due in more than one year)||-|-|-|-|-|
|||**447,733**|**40,509**|**160,460**|**22,342**|**671,044**|
|**PRIOR YEAR**
Fixed Assets and Investments|Unrestricted
Fund
£
410,170||Endowment
Fund
£
39,323|Designated
Fund
£
0|Restricted
Fund
£
0|Pre-Registration
Excepted status
31-Dec-21
Total
£
449,493|
|Current Assets||182,377|5,938|460|22,192|210,967|
|Liabilities (due in more than one year)||0|0|0|0|0|
|||**592,547**|**45,261**|**460**|**22,192**|**660,460**|
|**13. STAFF COSTS AND NUMBERS**|||||Pre-Registration||
|Gross Wages and Salaries via Payroll||||**2022**
**£**
7,149|Excepted status
**2021**
**£**
11,101||
|Gross Wages and Salaries - self employed||||12,967|5,500||
|Payroll Processing Fees||||499|523||
|Employer's National Insurance Costs||||45|322||
|Less Employer's Allowance||||(45)|(322)||
|SMP Recovered||||(2,259)|(4,148)||
|Employer's Pension Contributions||||413|888||
|||||**18,769**|**13,864**||
|Employees were engaged in each of the following activities:|||||||
|||||**2022**|**2021**||
|Activities in furtherance of organisation's objects||||1|1||
The PCC paid a Worship Leader and Youth Ministry Worker on a self-employed basis during 2022. They were responsible for reporting their own tax and national insurance obligations to HMRC. As from April 2020, the PCC employed one staff member and operates a PAYE scheme. No employees received emoluments in excess of £60,000 (2021:None).
The key management personnel are considered to be the PCC Members. One PCC Member received remuneration for their role as Parish Administrator. Therefore, the total benefits paid to key management personnel (including employer national insurance and employer pension contributions) was £8,106.
The PCC operated a government backed pension scheme as from April 2020, and all eligible employees were enrolled into the scheme.
## **14. PAYMENTS TO PCC MEMBERS AND RELATED PARTIES**
During the financial year PCC Member Mrs E. Warnasuriya received remuneration of £7,149 (2021: £11,101) in her capacity as Parish Administrator for the Parish of St John Upper Holloway in furthering the Charity's objectives. The PCC also paid employer pension contributions of £413 (2021: £888) on her behalf.
The PCC relies on the provisions contained in section 3a of its governing document to pay a PCC member.
No other payments were made to PCC Members or any persons connected with them during this financial period. No other material transaction took place between the charity and a PCC Member or any person connected with them.
## **15. RISK ASSESSMENT**
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
22
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST UPPER HOLLWAY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **16. RESERVES POLICY**
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
## **17. PUBLIC BENEFIT**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake
## **18. REGISTRATION WITH THE CHARITY COMMISSION**
Prior to registration with the Charity Commission on 22 March 2022 the PCC of the Parish of St John Upper Holloway operated as a charity that was excepted from registration under the Charities Act 2011. The activity for the period prior to registration is included in these financial statements and is detailed below:
## **Funds held by excepted charity as at 31-Dec-21**
|Fixed Assets
Investments
*
Cash at Bank
Debtors
Creditors
Net Funds|Unrestricted
Endowment
Designated
Restricted
TOTAL
Fund
Fund
Fund
Fund
Funds
£
£
£
£
£
403,626
-
-
-
403,626
6,544
39,323
-
-
45,867
160,434
5,938
460
22,192
189,024
24,021
-
-
-
24,021
(2,078)
-
-
-
(2,078)
592,547
45,261
460
22,192
660,460|
|---|---|
## **Income and Expenditure from 1-Jan-22 to 22-Mar-22**
|Income
Expenditure
Surplus/(deficit)|Unrestricted
Endowment
Designated
Restricted
TOTAL
Fund
Fund
Fund
Fund
Funds
£
£
£
£
£
21,667
-
-
-
21,667
(24,916)
-
-
-
(24,916)
(3,249)
-
-
-
(3,249)|
|---|---|
## **Funds held as at date of registration 22-Mar-22**
|Fixed Assets
Investments
*
Cash at Bank
Debtors
Creditors
Net Funds|Unrestricted
Endowment
Designated
Restricted
TOTAL
Fund
Fund
Fund
Fund
Funds
£
£
£
£
£
403,626
-
-
-
403,626
6,544
39,323
-
-
45,867
170,470
5,938
460
22,192
199,060
11,489
-
-
-
11,489
(2,831)
-
-
-
(2,831)
589,298
45,261
460
22,192
657,211|
|---|---|
* this was the value of investments held at 31st December 2021, as a valuation was not performed at the registration date.
23