2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of All Hallows By The Tower With St. Dunstan's In The East, London

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LL HALLOWS ERKYNGECHIRCHE BY THE TOWER ST.D -THE- ANNUAL REPORT AND FINANCIAL STATEMENTS F THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 ECEMBER 2020 Charity Commission Registration Number: l 129137

					Unrestricted	Designated			Restricted		TOTAL		TOTAL
					& General	Funds			Funds
					Funds						2020		2019
Note
			INCOME
		2	Planned giving		14,004					50	14,054		12,349
		3	Collections &other giving		4,354		0			1,087	5,441		15,591
		4	Other voluntary receipts		74,394	50,701				7,660	132,755		224,416
		5	Gift Aid recovered		4,344					182	4,526		8,760
		6	Other receipts		42,538					5, I8 I	47,719		64,073
		7	Activities i'or generating funds		3,050					312	3,362		4,413
		8	Investment income		121,625						121,625		144,445
		9	Receipts from church activities		9,899						9,899		23,705
			TOTAL INCOME		274,208	50,701			14,472		339,381		497,752
			EXPENDITURE
	10		Cost of generating funds		33,753					0	33,753		45,995
	I	I	Missionary & charitable giving		2,850					1,262	4,112		6,929
	12		Parish Share/Common Fund		73,000					0	73,000		70,500
	13		C(ergy & staffing costs		97,465	35,228				5,181	137,874		143,145
	14		Church running expenses		36,843	5,838			15,161		57,842		69,231
	15		Church repairs & maintenance		3,109	10,000				1,150	14,259		47,267
	16		Other property upkeep										22,944
	17		Other support costs		5,618						5,618		4,758
			TOTAL RESOURCES	USED	252,638	51,066			22,754		326,458		410,769
			NET INCOME/(EXPENDITURE)		21,570[	( 365)		I	( 8,282)1		12923	I	86,983
			GAINS &LOSSES ON	INVESTMENTS
			Realised								0		0
			Unrealised			7,000					7,000		13,000
			NET MOVEMENT IN	FUNDS	21,570	6,635			( 8,282)		19,923		99,983
			Balances brought forward	at I/I/2020	165,893	99,472			45,030		310,395		210,412
			Transfers between funds
			BALANCES CARRIED	FORWARD AT 31/12/2020	187,463	106,107			36,748		330,319		310,395

						2020	2019
Note
		FIXEDASSETS
	18	Tangible assets				0	101526
	19	Investments				115,000	108,000
						115,000	118,526
		CURRENT ASSETS
		Stock				3,085	3,559
	20	Debtors & prepayments				36,512	481190
		Short term deposits				195,485	124,800
		Cash at bank				81,849	101,919
						316,931	278,468
		CURRENT LIABILITIES
	21	Creditors: amounts	falling due within		one year	( 7,448)	( 12,473)
		NET CURRENT	ASSETS			309,483	265,995
		TOTAL ASSETS	LESS CURRENT LIABILITIES			424,483	384,521
	22	Creditors: amounts	falling due after		more than one year	( 9)165)	( 9,126)
	23	Provisions for liabilities		and charges		( 85,000)	( 65&000)
						330)318	310,395
	24	NET ASSETS				330,318	310,395
		FUNDS
		Unrestricted				187)463	165,893
	25	Designated				1061107	99,472
	26	Restricted				36,748	45,030
						330,318	310,395

	INCOME			Unrestricted	Designated	Restricted	2020	2019
2	Planned Giving
	Gift Aid - standing orders received at bank			11,888		50	11,938	10,216
	Other planned	giving - GAYE		1,381			1,381	953
	Other planned	giving - CAF Vouchers		15			15	210
	Other planned	giving - non gift aided		720			720	970
				14,004		50	14,054	12,349
3	Collections &Other Giving
	Plate collections	- Sunday services		495			495	2,657
	Plate collections	- special services		622			622	3,055
	One-off Gift Aid gifts			3,237		1,087	4,324	9,879
				4,354		1,087	5,441	15,591
4	Other Voluntary Receipts
	Giving through	church boxes	—donations	2,407		10	2,417	11,600
	Giving through	church boxes	- candles	1,537			1,537	6,014
	Other donations and appeals			2,775			2,775	2p948
	Other funds generated -flowers						0	268
	Legacies							74,211
	Recurring grants
	- Wakefield	8& Tetley Trust		34,650	10,350		45,000	58,500
	- Northcott	Foundation		27,650	10,350		38,000	36,000
	City Burial	Ground Fund		2,750			2,750	2,750
	Trust for London			1,125			1,125	1,125
	- Worshipful	Company of	World Traders	1,000			1,000	1,000
	Non-recurring	one-off grants
	- City Churches Grants Committee					6,500	6,500	30,000
	- Wakefield	gc Tetley Trust			30,001		30IOO I	0
	- Northcott	Foundation				1,150	1,150
	Worshipful	Company of	World Traders	500			500
				74,394	50,701	7,660	132,755	224,416

		INCOME	INCOME					Unrestricted	Restricted	2020	2019
Note
	5	Gift Aid Recovered
		Tax recoverable on Gift Aid						4,344	182	41526	8,760
								4,344	182	4I526	8,760
	6	Other	Receipts
		Other	funds generated	—Church	Rate			8,367		8,367	12,575
		Other	funds generated	- hospitality				8		8	567
		Refund	of utilities and	bills - Queen		Mother Centre		10,365		10,365	20,760
		Refund	of utilities and	bills - church fiat						0	298
		Refund	of utilities and	bills - mobile phone mast				10,403		10,403	6,002
		Refund	of utilities and	bills - Vicarage				2,366		2,366	3,369
		P,eimbursement of interregnum			expenses					0	682
		Reimbursement ofArea Deans'			expenses				5,181	5, 18 I	340
		Government Furlough		Scheme				11,029		11,029	0
		VAT refund - Listed Places ofWorship					scheme			0	19,480
								42,538	5, 18 I	47,719	64,073
	7	Activities for Generating Funds
		PCC fundraising events/activities						2,100		2,100	2,352
		Other	funds generated	—recitals					312	312	1,193
		Other	funds generated	- guided	tours			950		950	868
								3,050	312	3,362	4,413
	8	Investment Income
		Interest	on CCLA deposit a/c					646		646	747
		Income	from CCLA investment		fund			3,243		3,243	2,553
		Rent-	AII Hailows House					56,873		56,873	56,545
		Rent -	Queen Mother	Centre				12,324		12,324	36,639
		Rent -	church flat					32,201		32,201	31,961
		Rent -	mobile phone mast					16,338		16,338	16,000
								121,625	0	121,625	144,445

		INCOME						Unrestricted	Designated	Restricted	2020	2019
Note								6	6	6
	9	Receipts	from Church		Activities
		PCC statutory fees		- weddings							0	570
		PCC statutory fees		- funeral/deposition							0	89
		Bookshop	sales					1,109			1,109	8,350
		Porch Room lettings						210			210	690
		Hire ofchurch building									0	3,185
		PCC non	statutory	fees	- wedding						0	220
		PCC non	statutory	fees	- funeral/deposition						0	310
		PCC non	statutory	fees	—memorial	services					0	1,340
		PCC non	statutory	fees	- carol services			1,720			1,720	2,243
		PCC non-statutory		fees	- Livery Company		services	180			180	805
		PCC non	statutory	fees	- I'acuity charges						0	1,303
		Printing orders ofservice						50			50	50
		Education	- Clios' workshops					6,450			6&450	3,950
		Education	- other school		workshops			180			180	600
								9,899		0	9,899	23,705
		INCOME	- GRAND TOTALS					274,208	50,701	14&472	339,381	497,752

			EXPENDITURE	EXPENDITURE			Unrestricted	Restricted	2020	2019
Note
	10		Cost ofGenerating Funds
			Fees paid to	fund raisers -	Church	Rate	1,200		1,200	1,200
			Bookshop purchases				784		784	3,192
			Electricity -	church flat			806		806	458
			Minor fabric	repairs - Church Flat						31
			Rent payable	—St Dunstan	in the East		10,125		10,125	10,127
			Minor fabric	repairs - St Dunstan		in the East	78		78	2,194
			Gas - Queen	Mother Centre			795		795	2,857
			Electricity -	Queen Mother	Centre		4,591		4,591	9,859
			Water rates	- Queen Mother Centre			2,178		2, 178	2,550
			Minor fabric	repairs - Queen Nother Centre			1,980		1,980	0
			Repairs fixtures &fittings —Queen			Nother Centre	1,865		[,865	I&825
			Maintenance	agreements -	Queen	Mother Centre	1,140		1,140	1,107
			Professional	fees —Queen	Mother	Centre			0	2,400
			Electricity -	mobile phone	mast		8,2 I I		8,211	8,195
							33,753	0	33,753	45,995
	I	I	Missionary	& Charitable	Giving
			Relief and development agencies						0	1,273
			Home mission				2,850		2,850	3&250
			Secular charities					1,262	1,262	2,406
							2,850	1,262	4&112	6,929

		EXPENDITURE					Unrestricted	Designated	Restricted	2020	2019
Note
	12	Parish Share
		Common Fund					73,000			73,000	70,500
							73,000			73,000	70,500
	13	Clergy 89 Staffing	Costs
		Salaries and staffing costs					75,900	20,348	5,181	101,429	102,509
		Pension contributions					3,961	4,880		8,842	8,647
		Volunteers costs, inc luncheon			vouchers		304			304	1,576
		Clergy expenses - travel,		hospitality		etc	136			136	731
		Gas - vicarage					1,920			1,920	1,973
		Electricity - vicarage					1,926			1,926	1,047
		Water rates - vicarage					474			474	464
		Telephone (inc mobile) -		vicarage			639			639	560
		Minor fabric repairs	- vicarage				288			288	683
		Repairs fixtures 8fittings		- vicarage			9,034			9,034	10,104
		Maintenance contracts -		vicarage			1,730			19730	2,295
		Cleaning contracts -	vicarage				1,153			1,153	1,344
		Major fabric repairs	- vicarage					10,000		10,000	11,212
							97,465	35,228	59181	137,874	143,145

		EXPENDITURE			Unrestricted	Designated	Restricted	2020	2019
Note
	14	Church Running	Expenses
		Membership fees			662			662	493
		Insurance - church			1,036			1,036	1,083
		Professional fees -	architect, etc		6,2 I0	5,838		12,048	0
		Telephone - church office			318			318	309
		Broadband Ik fax -	church	office	753			753	697
		Organ tuning Ik maintenance			1,394			1,394	4,932
		Organ repairs						0	6,400
		Piano tuning						0	170
		Maintenance contracts - church			3,967			3,967	5,284
		Cleaning contr acts	- church					0	1,518
		Cleaning materials	- church					644	868
		New fixtures and fiting - church					4,636	4,636	0
		CCTV			818			818	1,668
		Upkeep ofservices	- altar	requisites	1,176			1,176	2,584
		Flowers/Christmas	trees		780			780	2,184
		Hospitality			476			476	6,889
		Office staff expenses						0	628
		Office equipment			1,453			1,453	415
		Office equipmenc	rental		1,325			1,325	1,413
		Office equipment:	maintenance/repair		614			614	690
		Postage			462			462	294
		Photocopying, printing 8 stationery			1,526			1,526	2,661
		Depreciation					10,525	10,525	10,525
		Advertising Ik marketing			731			731	887
		Music, licenses, royalty fees etc			2,795			2,795	2,784
		Bool&s, magazine subs etc			466			466	406
		Bank charges			241			241	272
		Electricity - church			4,601			4,601	8,461
		Gas - church			3,789			3,789	4, 124
		Water rates - church			606			606	592
					36,843	5,838	15,161	57,842	69,231

		EXPENDITURES			Unrestricted	Designated	Restricted	2020	2019
Note
	15	Church Repairs Ik Maintenance
		Repairs fixtures 8 fittings - church			1,695			1,695	8,676
		Minor fabric repairs —church			403		1,150	1,553	2,487
		Fire extinguisher maintenance	- church		,1,011			I)011	895
		Major repairs - church				10,000		10,000	28,411
		Redevelopment of first floor meeting		rooms				0	6,798
					3,109	10,000	1,150	14,259	47,267
	16	Other PCC Property Upkeep
		Other PCC property upkeep - Queen		Mother Centre				0	22,944
								0	22&944
	17	Other support costs
		Examination/book-keeping/payroll			5,618			5,618	4,758
					5,618			5,618	4,758
		EXPENDITURE - GRAND	TOTALS		252,638	51,066	22,754	326,458	410,769

18	FIXED ASSETS FOR USE	FIXED ASSETS FOR USE	FIXED ASSETS FOR USE	BY THE PCC - Equipment	BY THE PCC - Equipment	2020	2019
	Tangible Fixed Assets					6	6
	Cost at I January 2020					52,626	52,626
	Additions
	Disposals
	At 31 December 2020					52,626	52,626
	Less accumulated depreciation			at	I January 2020	42,100	31,575
	Charge for the year					10,526	10,525
	Disposal adjustment
	At 31 December 2020					52,626	42,100
	NET BOOK VALUE at	31 December 2020					10,526
19	INVESTMENTS					2020	2019
	At Market Value
	CCLA/CBF Investment	Fund	-	At	I January 2020	108,000	75,000
	Addition						20,000
	Surplus on revaluation					7,000	13,000
	At 31 December 2020					115,000	108,000
						2020	2019
20	DEBTORS
	Income tax recoverable	on donations				4,065	6,700
	Other debtors, prepayments		&accrued income			32)447	41,490
						36,512	48,190


21	LIABILITIES							2020	2019
	Amounts falling due within		one year						f.
	Accruals gr deferred	income						5,553	10,420
	FAYE & NIC							1,895	2,053
								7,448	12,473
22	CREDITORS							2020	2019
	Amounts falling due after		more than one year
	Rent deposit							9,165	9,126
								9,165	9I 126
23	PROVISIONS FOR LIABILITIES AND CHARGES							2020	2019
	Provision for major	fabric repairs						85,000	65,000
								85,000	65,000
24	ANALYSIS OF NET ASSETS BYFUND			Unrestricted	Designated	Restricted		TOTAL	TOTAL
				&General	Funds	Funds
				Funds				2020	2019
							f
	Fixed Assets			0	0		0	0	10,526
	Investments			0	115,000		0	115,000	108,000
	Current Assets			280, 183	0	36,748		316,93 [	278I468
	Liabilities gr Charges			( 92,720)	( 8,893)		0	( 101,613)	( 86,599)
				187I463	106,107	36,748		330,318	310,395
25	DESIGNATED FUNDS							2020	2019
	hiinistry							32,734	7,261
	Fabric							73 373	92,211
								106,107	99,472


26	RESTRICTED FUNDS:
	Roman	Pavement	Ik Crypt
	Fabric
	Organ
	Foodbank (Tower		Talent)
	Sound	System
	icon

2020	2019
4,201	4,201
22,590	31,138
3,597	3,218
6,360	0
0	1,979
0	4,494
36,748	45,030