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St Stephen Walbrook Annual Report 2015 the Parish Accounts

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St Stephen Walbrook Annual Report 2015 the Parish Accounts Saint Stephen Walbrook St Stephen Walbrook 39 Walbrook Annual Report 2015 London EC4N 8BN Telephone: 020 7262 9000 www.ststephenwalbrook.net The Parish Accounts Parish Priest In Charge St Stephen Walbrook The Reverend Jonathan Evens (from 26.2.15) 39 Walbrook, London EC4N 8BN Assistant Curate The Reverend Sally Muggeridge (from 10.9.15) PCC Members Archie Galloway (Churchwarden) Alex Ng (Secretary) Bryan Lovell David Atterbury Thomas (from 1.4.15, Churchwarden, Treasurer) Emma Whitlam (Churchwarden) John Seagrim (Churchwarden, Treasurer until 1.4.15) John Garbutt (Churchwarden, Lay Chairman) Roger Hoath (from 1.4.14) Jonathan Shiels (Churchwarden) Laura Ennis Luke Powell Margaret Brown Meg Post (Churchwarden) Melvyn Jeremiah (Churchwarden until 1.4.15, Electoral Roll Officer) Paul de Ridder Joseph Sentance (from 1.4.15) Bankers Fund Managers CAF Bank Ltd CCLA Investment Management Ltd 25 Kings Hill Avenue, Kings Hill, West Malling 80 Cheapside, London EC2V 6DZ Kent ME19 4JQ The Parochial Church Council ('PCC') presents the annual report and accounts for the year ended 31st December 2015. Responsibilities of the PCC: The PCC is required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Parish as at the end of the financial year and of its income and expenditure for that period. In preparing those accounts, the PCC is required to select appropriate accounting policies, make judgements and esti- mates that are reasonable and prudent and state whether all accounting standards which they consider to be applica- ble have been followed. The PCC is also required to use a going concern basis in preparing the accounts unless this is inappropriate. The PCC has the responsibility for ensuring that there are proper accounting records kept, and for taking such steps as are reasonably open to safeguard the assets of the Parish and to prevent and detect fraud and other irregularities. Principal activity and review: The PCC has the responsibility of cooperating with the Priest in Charge, in promoting in the ecclesiastical parish of St Stephen Walbrook the whole mission of the Church, pastoral, evangelistic, social and ecumenical. During 2015 the PCC believes it has met these objectives and will be maintained in the future. The Church is currently registered with the Charity Commission - CC number 1130738. In planning the activities for the year the PCC have kept in mind the Charity Commissioner’s guidance on public benefit. Major Risks: The PCC believes that it has identified and reviewed all major risks that might affect the mission and have sufficient systems and procedures in place to mitigate those risks. In particular the PCC believes that the level of reserves Thanksgiving Service for the Lord Mayor’s Year held are sufficient and reasonable to maintain the mission. © Niki Gorick—www.nikigorick.com Financial Result: The PCC suffered a deficit on unrestricted funds of £13,447 . There was however a surplus of £13,124 on restricted funds which are set aside for the maintenance and repair of the fabric and facilities of the building. Council: The members of the PCC during the year were as shown above. All members of the PCC are either ex officio or are elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The Parish has adopted a policy of electing Wardens and PCC Members annually. Page 13 2015 | The Church’s Year People and Ministry It’s been a year of continuity and change at St Stephen Walbrook. Bishop Michael Marshall continued to help the parish until the interregnum ended. He was warmly thanked for the wisdom and care he showed throughout that time. We said fond farewells during the year to Terry Barber (Verger) and Kathy Lee (Cleaner), thanking them for all they have contributed over the years. Jonathan Shiels has continued to do sterling work as our Administrator. I was licensed as Priest-in-charge in February 2015 beginning to minister both at St Stephen and also at our partner church of St Martin-in-the-Fields. This partnership has been formed with the hope that St Stephen will develop its commercial, cultural, charitable and congregational life so as to become self-sustaining. I was thrilled to be joined, in September 2015, by our Assistant Curate, The Revd Sally Muggeridge, who is making an engaged and enthusiastic contribution to developing our ministry in the Parish. Also joining our staff team this year has been Lee Fitzgerald, who was appointed as our Verger. The Thursday lunchtime Eucharist Service has continued as the main service of the week and we are grateful to all who have helped with this, whether with music, reading, bell ringing and assisting at the altar. Our thanks also to those who have provided the ministry of welcome and hospitality after the service (and also at special services through Margaret Brown and Meg Post) which is so much part of Walbrook life. Our special services such as our busy Business Harvest Service and the Parish Carol Service, with the beautifully decorated church packed with hundreds of people, continued. There has also been the usual myriad of other services and events, ranging from those for livery companies to concerts and recitals, as well as weddings, baptisms, and memorial services, in addition to visits from lots of tourists and tour groups. We hosted concerts, parties and services over the Advent and Christmas season for: Arthur J. Gallagher; Bank Churches Group; Central London Samaritans; City of London Magistrates; Columbia Threadneedle; International Animal Rescue; Michael Varah Memorial Fund; Christ's Hospital School Old Blues Association; Sir Robert McAlpine; and The Worshipful Company of Gardeners. Our thanks particularly go to the Choir of St Stephen Walbrook, their Director Emma Corke, and our organist Joseph Sentance for their leading of music at many of these services. Symbols of work brought to the altar at the beginning of our Business Harvest Festival. Page 12 Page 1 Our pattern of worship now includes Start:Stop, our regular opportunity on a Tuesday morning for City workers to start their day by stopping to reflect for 10 minutes. This opportunity has been enthusiastically received by between 30 and 50 people on a weekly basis. We maintain good relations with those businesses who are our neighbours and aim to see development of these relationships in the coming year as we seek to begin to offer inputs around faith and work in workplaces, as well as in church. Particular thanks go to those companies who provide financial and other support for our work and role in the community of the City of London. Another new development has been our series of Discover & explore services. These thematic services of musical discovery feature, through our partnership, the Choral Scholars of St Martin-in-the-Fields. Feedback for these services has been overwhelmingly positive and has included the following: ‘Perfect service of peace in our busy lives’; ‘Spiritual food in the middle of the day’; ‘Each part elided into the next, giving a warm whole’; ‘The music was wonderful. The service was also thoughtful’; ‘It was like a little jewel with a number of facets drawing us in and lighting our path’; and ‘Beautifully and intelligently done’. The first series also included a well-attended and very interesting guided tour of the Victorian Collection at the Guildhall Art Gallery. In our position as Parish Church for Mansion House, a new service was organised to review and give thanks to God for the year in office of Alderman Alan Yarrow, The Lord Mayor of London. The service reflected the theme of the Lord Mayor’s year in office — Creating Wealth, Giving Time, Supporting People — and included reflection on the Lord Mayor’s Appeal (Scope and Mencap) and overseas business visits. A series of events and exhibitions were also built around this service exploring the theme of ‘Philanthropy in the city’. Another highlight was the Wren Choral Marathon in the City of London Festival, where St Stephen was the final church used in a mammoth programme of concerts. We have also initiated a series of regular art exhibitions. For these exhibitions, we partner with established art societies (such as the National Society of Painters, Sculptors & Printmakers or the Society of Catholic Artists) or artists with an interest in St Stephen Walbrook and our spirituality. In 2015 our programme included: Stations of the Cross by Henry Shelton; Via Cordis — The Way of the Heart by Maria Inés Aguirre; and group shows by commission4mission and the Society of Catholic Artists. Page 2 Page 11 Independent Examiner's Report to the Members of the Parochial Church Council of Our approach in developing these new initiatives is to provide a range of different St Stephen Walbrook services and events at differing times in the week in order to give as much oppor- tunity as possible to connect with those in the City throughout the week. This report on the accounts of the PCC for the year ended 31 December 2015, which are set out on pages 10 to 20, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 2006 (‘the Regulations’) and Section 144 of the Charities Act Our PCC has met five times during the year and our Standing Committee on four 2011 (‘the 2011 Act’). occasions. These are the decision-making bodies for this church and we have spent much of our time developing our vision, identifying priorities and creating an action Respective responsibilities of the PCC and examiner plan. I am very grateful to all our PCC members, Churchwardens and Deanery Syn- As described in page 21 the PCC is responsible for the preparation of the accounts.
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