St
Mary-
le-
Bow
Church
Annual
Accounts
2022

ST MARY-LE-BOW
REFERENCE AND ADMINISTRATIVE INFORMATION
AS AT 31 DECEMBER2022
Charlty Number
1130098
Oblgcts And Publlc B•nèflt
The purp058 of the church is promoting In the parlsh the whole mls8lon of the Churoh. Thè PCC
members have tak8nfull re¢ognMlon ofthe r8qulremenls of secllon 17 ofthe Charilles Act 2011 in regard
to publlc b8n8fft.
Gov•rnlng Document
Th& Chur¢h Is govemed bythe PaKthlal Church Coun¢lls (Powers) Measure 1956 (as amended} and
the Church Represèntallon R¥Jlets (conlalned In Schedule 3 to the Synodlcgl Government Measure
1969 (as am8nded}).
M•mbor8 of th• Parochlal Chur¢h Councll (PCCI
Rector & Chalr..
The Revd Georgg R. Bush (&x officlo)
Glles French lexoll1c￿I
Davld Saunders lex officlo)
Th8 chur¢hwarden8 were elecled In 2022 and sm
for one year.
Chur¢hwardens.'
Clerk of Works..
Antolne We8t (until 2024)
Ropresentalives lo the City Deanery Syn(MJ: Dan Hedley (unlll 2023)
Dan Ryall {unlM 20231
Elected I Co-opted M¢mber8'.
Aron Burchell (until 2023)
Wllllam Dempster {untll 20231
Dan Hedley lunlll 2023)
Dan Ryan lunlll 2023)
Jam88 Sanders {unlil 20231- Hon. Trea$ur6r
Mcky Snow (unlil 2023}
Ollver 8oundy lunlll 2024)
Alan Hovell (untll 20241
Mlchael Wall￿rIght luntll 2025)
Andrew Mislry lunlll 20251
Jacqueline Harkin (untll 2025)
Margaret Burtt (untll 20251- PCC S8¢rel8ry &
Electoral Rom Offlogr
Parlsh Offi¢or•
Operatlons Offi¢er.'
Dlreclor of Mu81c'.
Dannlella Downs
Thomas Allery

ST MARYIE.BOW
REFERENCE AND ADMINISTRATIVE INFORMATION {coTrtlnuedl
AS AT 31 DECEMBER 2022
Offlc8 Addr•88
Cheap81de
London EC2V fjAU
8ank•r8
HSBC
1-3 8Sshop3gate
London EC2N 3AQ
Indwndont Examlnèr
Nlk Flsher
Slmla Wall
Devonshiro House
582 Honeypot Lan
Mlddl6sex HA7 1JS
Qulnqu•nnlal Inspectlng Archlt•
Alex Sherratt
Matthew Lloyd Archrtects LLP
1B The Hang8r
Perseveran￿ Work8
38 Kin9$land Road
London E2 8DD
Survoyor
Bob Wkson
Edwards Wilson
Thè Gallery
Sl Margaret Pallens
Rood Lane
London EC3H 1HS

ST MARY-LE4OW
PCC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Rospon8lblllll•s of tho Parochlal Chur¢h Coun¢ll IPCC) In relatlon th• Flnonclal 8latements
The PCC Is respon$lblg for preparlng thè AMu81 Report and the financial statemen15 In accordance
with 8ppluble law and Unlled Klngdom A¢counling Standards IUn6ted King¢Jom Generally Accepled
Accounting Practlee.)
The Church Aecountlng Regulallon8 2006 and the law #ppllc8ble lo charlll88 In EnglarKI and W8188
requlre Ihg Members of the PCC to prepare financ181 $lalements for each flnancial year which glve a
tru6 and faSr vlew of the 81ate of the aff8lT3 of the PCC and of the InGomlng r8sour¢es 8nd appllcallon of
resources of the PCC for that period. In pr8PaTlng these flnanclal stst8men18. the PCC are required lo..
$elecl sullable a￿o￿ntIng poli¢ies and Ihgn apply Ihem conslstenly,.
obsefy8 the meth￿8 and prir￿1p1os in tho Charllles SORP.
make judgements 8fKI estlmate8 th81 are responsib￿ and prudonl.
State whdher applicable UK aceounling 8land8rds have been followed, sublect lo any maled81
dgpartures dl8¢losed and explalned In the financlal 8tstements',
prepare the flnancial statemen18 on Ihfr golng ¢onttern unl888 ￿ Its Inapproprlale lo pre8umg that
the charlty wlll contlnutt in busine5S.
The Members are respon81bl6 for kegplng g¢countlng ￿ordS whl¢h dlsclose wllh reasonable a¢ouracy
t any tlmtr the financlal posllion of the PCC and enable them lo ensure Ihat the finan¢l818lalemgnl¥
comply WIM The Chuich Accounllng Regulallon8 2006 and S.145 of the Charltles Act 2011. They are
so responsible for 8aleguardlng the as$el8 of thè PCC and hanGg for taking reasonabl8 steps tor the
Fyeventlon and dele¢tlon of fraud and other Irregulariliey.
Rlsks
The Tru8t608 havg revlewed ihe rt8ks of St Mary.l&-Bow during the year and bell8ve that exlstlr¥J
controls arKI protsdura$ gre best suitsd lo mè81 ils oblecllves.
Approved by the PCC on
and slgned on Its behalf by..
James Sandarn
Hon. Treasurer

INDEPENDENT EXAMINER'S REPORT
TO THE PCC OF
ST MARY.LE-8OW
I report on th8 accounts of Sl Mary-l&Bow for lh8 ye8r ended 31 De¢ember 2022. which comprL8e thg
Slalemenl of Flnanclal Activities, Balanc￿ Sheet and related nol¢s.
R¢spg¢tlvg Re8pon$lbllltlts of Ihtr PCC and Examln
A$ members of the PCC you are responsible for the weparalion of th8 ac¢ounts, The charlty's Iru8le88
consider that an audll Is not required for thls yaar un(Jer Section 144(2) of the Charlll¢s Act 2011 (the
2011 kt) and that an Ind&pMtlent oxamlnalion Is needed.
11 Is Iny re5pon81bility to:
examine th8 accounts under Section 145 Of the 2011 A¢l',
follow the procedures lald down In the general dlrectlon$ given by the Charlty C¢ynmbslon und¢T
8ecllon 145(5Xb) of the 2011 Act., and
stato whether partlcular matter8 hav8 eome lo my attsnltsn.
Ba•1$ of Indopendent Examln•r'8 R•port
My examlnalion was carrled oul in accordance ￿th the General Directlons glven by the Chanty
Commlssion. An examlnauon Includes 8 review of the accounting records kept by Ihe PCC and
comparEson of the accounts presented wllh those records. 11 algo indudes conslderallon of any unusual
Items or disclosures in th? accounts. and sgeklrvJ explanations from you as Iru8te88 concerning any
such matters. The pmcedures undertaken do not provlde all the eVIden￿ that would be required In 8n
audit and con8equenlly no opinion Is given as to whether the accounts present 8 'true gnd fail vle
and the report Is Ilmited lo those matters 8et out in the Slalement b&low.
lftdepgnd•nt Ex•mlnerf8 Statsmont
In connection wfth my examlnalion, no matter has come lo my attention".
1) whloh gives me reasonable cau6e to bèllove ihat In any mal&rlal respect th• roqulr8ments
lo keep accounllng records in accordance with Secllon 130 of the 2011 A¢l,' and
lo prepare accounts whlch accord with Ihe accounllng records and ¢ornply wlth the
accounting requlremenls ol the 2011 Act
have not b99n mel,. or
to whlch, In my opinlon. attenllon should be drawn In order to enable a prcoèr understaThJing of
the accoun18 to be reached.
NlkF
sher
SIMIA WALL
Independent Exemlner
Chartered A¢eountanis
Date:

ST MARYIE-BOW
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR-ENDED 31 DECEMBER 2022
Notg
Unre81rlcled R6slrlcted Endowment
FuThJ8 {£) Fund81£1
Fund8 {£}
TOTAL
2022 {£1
TOTAL
2021 (£)
INCOME
Voluntary income
75,699
36.938
112,635
104,790
Investment In¢ome
6,480
45.721
52.201
46,321
Other Incom6
60,888
45.042
105,930
142,891
TOTAL INCORIE
143,067
127,699
270,766
294,002
TOTAL
EXPENDITURE
(149,547) 1123,188)
1272,Y35)
{212,620)
NEf INCOME
BEFORE
REVALUATIONS
(6,4801
4511
11,969)
81,302
Gains1 (lo$sg5) on
Investment revaluallo
{25.597)
(47,7471
(73,3441
128,219
NET MOVEMENT IN
FUNDS BEFORE
EXCEPTIONAL ITEM
132,07YI
4,511
(47,747)
1743131
209,801
Tr8n8fers
Exceptional Itgms
{Lodging Project 2022.,
Tower PrO1￿t 20211
2&3
{9,402)
(9,4021
87.276
NET MOVEMENT IN
FUNDS AFTER
EXCEiyfioNAL ITEM
(32,077)
(4,891)
(47,747)
184,715)
291877
Total Funds as at
1 January 2022
497,437
15,390
857,232
1,870.059
1,073,182
Total FyrKl$ #¥ at
31 December 2022
465.360
10.499
809.485
1,28S344
1,370,059

ST MARY-LE.BOW
8ALANCE SHEET
AT 31 DECEMBER 2022
Note
2022
2021
Flxed As80ts
TaNJible assets
Inve8lment8
1.￿2.300
1,075,644
1,￿2.300
1,075,844
Curront As$et8
Debtor8
7,755
11,679
Cash al bank
281,447
287.843
289,202
Curr•nt Llabllltles
299,522
Creditors: AmounlB falllng due vAlhln one year
10
(6,158)
(6,107)
Net Current As¥•ts
283,044
294,415
TOTAL FIXED ASSETS AND NET CURRENT ASSETS
1285.344
1,370,059
Parl8h Fund8
General funds
465.360
497.437
Reslrlcted fund8
10.499
15,390
Endowment funds
809,485
857,232
TOTAL FUNDS
1,285,344
1,370.059
Approved by the Parochi81 Church Ctyjndl and aulhorised for1s$ue on
Jam9$ Sand•r•
Hon. Troasurer

ST MARY-LE.BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIE8
The prln¢lpal ac¢ounling pollcie8 whlch are adopled con8i8tenlly In th8 w8paratlon of the flnanclal
8tatements are set out b810w:
8851$ of ac¢ountlng
The financlal 8t8lements have been prepared In &cord8nce wlth the Church Aecounllng
Regulallons 2006 logelhgr ￿th applicabl8 accounllng 8tandar(Is and th8 current Statement of
Recommended Practice, Accountlng an(1 Reportlng by Charllles and appll¢ablg ac¢ounllng standard
FRS102.
The flnonci81 sl8lement8 hav6 b8en prep8￿d under the hl8lortcal eost convention except for the
valuallon of investm8nt a88é18. whkh ore shown at market value. The financl?I statements Include all
Iransacllon8, as8els and Ilabllllles for whlch the PCC 18 responslble Inlow. They do not Includé the
accounls of church group5 that ow8 Ihglr main 8ffilialion to anolhar body, nor th088 th81 are Infomial
gatherlngs of church members.
Incomlng re$ourc•s
Planned glvlro, collection$ and donalSons we recognlsed when received. Granis and legacl88 are
accounted for when the PCC18 legally entltled to the amounts due and ihey can be quantified wllh
re88on8ble certainly. All other Income is recognl8ed when It18 re¢elvable. All incomlng resourcey ara
accounted for gross.
Ro$oUr￿ expended
Gr8nls and donallon8 are accounted for whgn pald over. Tha dloc8san parlsh share Is accounted for
when due. Al other expènditure 13 generally recognlsed when11 is Incurred and accounted for gros$,
arld 1$ allocated between aCt￿ltIeS on the basis of tho resources Used.
Movablg ¢hurch furnlshlngs
Movable church fumlyhlngs hdd by the rector and chur¢hwarden8 on speclal trust for the PCC and
whlch requlre a f8culty for disposal are Inalienabl8 property. Ilsted In the GhurGh's Inventory. whlch can
be in8pecled18t any reasonablg tim81. For anythlng acquired prior lo 2000 there L8 Insufficlanl cost
Informallon available and therefore suth assets are nol valued in th¢ financial statements.
Con8•crat8d land and bulldln08
Con8ecraled1gnd and ben8ficg property18 exduded from the financlal Statements uThJer S10.2 of the
Charltles Act 2011.

ST MARY.LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES l¢ontlnuod)
Equlpm•nt, fixtUTe8 and flttlngg
Equlpmenl used wlhin the church premsses is depreciatèd on a Htraight Ilne bas18 over three years.
Indlvldual f(erns of Oquipmenl with a purchase prlce of £500 or less are willten off when th8 asset is
acqulred.
Investmenti
Inve$lmen18 are slated at market value at 31 December 2022. Any gains or 1055e8 arlslng on
r8valLtallon8 are transferred lo the Statement of Financlal Actlvilies.
Cash is held on deposlt wllh HSBC, Unity TWBI and Metrobank lo be used in church buslness on a
CA)ntinulng basis.
Fund accounllng
Endowtnenl funds are funds, Ihe capital of which musl be maintained,. only income arising fro
Investment of the endowment may b8 used elther a8 restricted or unreslricl8d funds depending upon
the purpose for whl¢h the 0nd0￿en1 wa8 e8labll$h&d.
Restrieled funds rgpre88nl (al incomefrom trusts orendowmontswhich may b8 expended only on those
reslrlcled objects provided in the lerms of the trust or bequest. and (bl donatlons or grants roGelved for
Spec￿10 oblect or Invlled by the PCC for a specifk object. The funds may only be expended on the
specific object for whlch thèy were given. Any balance remalnlng unspent al the end of Ihe year musl
be ¢afrSed fomard 88 a balan¢e of that fund. Tho PCC does not usually Invest separately for each fund.
Unrfrsliicled funds are general lunds which can b9 used for PCC ordlnary purposes.

ST MARY-LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
In¢omlng Fund8
Unre8trlct•d Rèstrl¢led
fund#
Funds
Total
2022
Total
2021
Voluntsry Ineomo
Rggular congiagalional glvlro
Collectlons {open plate}
Grants
Donallon$, appeal8 & legac188
Collecllon lyoxes
Glft Ald and VAT recovered
25,710
fj,285
6,891
12.343
7,714
16,756
25,710
6,285
43,827
12,343
7,714
16,756
25,843
3,815
35,260
18,578
4,760
16,544
36,936
Total voluntary income
75,699
36,936
112,833
104,790
In¢om• from I￿v￿tMont*
Bank interest and dlvldgnd$
Olh8r Investments
529
61,872
5,951
45,721
48.316
Total Investment Incomè
6,480
45,721
52,201
48,321
Othor In¢omlng r•8ource•
Sunrjry Income
Parf5h fee8
Voluntary ¢huKh rates
Muslc In¢ome
LlcenGo fees
City P3rochlal Fund
Just Share
Rector's Discrelionary Fund
Other Re8trlcled Income
9,932
9,932
94
8,856
1,675
39,575
1,296
8.335
3,680
32,487
47,833
1,033
5,385
8.316
1,675
39.575
1.296
20.092
1,296
9.329
3,738
52,681
8,335
32.487
Tol31 other Income
80,888
45,042
104930
142,891
Total Income
ex¢ludlng Exo•ptlonal ProJ•cts
143,067
127,699
270.766
294,002
Lodglng Proiect12022)
Tower Prolect12021)
).000
Total Incomè
Includlng Exc•ptlonal ProJ•ct•
143,067
127,Va9
270,766
384,002
io

ST MARY-LE.BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
General Grants of £6.89112021: £4,250) Includ8 a church e￿rgY cost support granl of £2.fj41
recelvedfrom the London Diocesan Fund as well as grant$ received frorn the Gro¢er$' Ccmpany
and the Mereers, Company. We record our gratitude lo all these parties for Ihgir sUPPQrt.
Restrlcled Grants of£36,93612021: £31,000) rèlate lo funds received from th9 TTU¥tfor London
and the Clty of London Corporalion to asslsl in repalrlng Ihe retfactable steps 8t thg ¢hurch'8
Wost Door arKI ¢ontrollin9 sound in the tower re5pectlvely.
Fund ral ed f other
'Olher restricted income, of £32,487 Includes £1,863 collected al vaTiOUS servlcès and evenl8
for the bellefll of olher ¢harllies and subsequenlly di8bur80d lo them.
Lodglng ProJe¢t.(2022) and Tow•r Prolect12021)
Between 2017 ond 2021 the church w88 engaged in a ￿010¢1 lo undertakè es8enllat repairs lo
ils lower. Because of thg ¥ize and unu$ual nature of Ihe Sums involved, all Income and
expenditure relating to the Tower PToleGt over Ihose years was shown as an Excéptional Item
on the Statement of Financi81 Actlvi118s {the Income-and-Expendilure account)-
The chtsrch Is curfentty engaged In 8 PTC4ect to upgrade the Rectorf8 Lod9lng. Again, glven the
size and un¢J6ual nature of th& sum8 likely to be Involve(I, all Income and expen￿￿Ure relatlng
to the Lodglng Project Is shown Ihls year as an Exceptlon81 Item on the Slalemenl of Flnanclal
Activllies. Thls pollcy wlll continue In future years untll the project Is completed.

ST MARY-LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
3. Funds Exp#nd•d
Unrn$trfct•d Re8trl¢t•d
funds
Fund8
Totsl
2022
Totsl
2021
Common Fund
P8rish gxpeng88
Malor repaSr8
Repalrs & renewals
Rale$ & water
Electricity & g95
Offlce costs
Mu81¢ expgns
Sacrlsly
Depreclallon
Legal, professlonal & examlnerfees
Bank charge8 &1ntere8t
Just Sh4rg
Rectorfs Dl$¢r&tionary Fund
Other reslrioled expenses
Verger & Finance Offlcer c08t8
Olhér s18ff costs
71,260
7,124
28,025
4,820
495
13,186
6,101
4,155
692
71,2eo
7,124
28.025
4,820
495
13.186
6,101
4,155
48.000
3.252
13,897
317
425
7.440
5,385
1,639
922
5.232
346
5,232
346
10,333
3,064
64,070
41,804
12,028
4,077
393
7.913
3.264
75,286
20,507
20,223
10,333
3,064
64,070
34.820
10,901
6.984
1.127
Total expendlture
•x¢ludlng Exceptlonal Prolect¥
149,547
123.188
272.736
212,620
Lodglng Pr0￿cl 2022
Tower Prolect 2021
9,402
9.402
2,724
Totsl oxp•ndlture
including Ex￿ptIonal ProJe¢ts
149,547
132,590
282,137
211344
12

ST MARY-LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Llconoè Fee¥
Durfng the year Ilcence fee paynen18 of £39,57512021: £20,092) were recelved from the Café
Below. Bow Wlne Vaults, Tabema Elrus¢a, the Copti¢ Orthodox Church, the flower ar
Shoaghlne stalls, and a nLbmb8r of other gTOUPS.
Staff ¢￿ts
2022
2021
Wages and sglaTie3
Pen31on {Nesl)
39.906
1,426
27,533
1.047
41,332 28.S80
Note that the 2021 c0818 are Stated ￿t of grants recèlved agaln8t $laff 8al8rtts as part of thfj
DCMS Cultural Recovery Scheme (CRS) follovAng the eovld p8ndemk and lo¢kdown.
Th8 salary and pension o)$ls $talod here in
Muslc, and the Cleaner.
those of the Operatlons Officer. the DireGlor of
Th8 88lary and p&n8lon costs staled here exclude Iho3e of the Just Share officer {whose satary
18 charged 8galn81 a 8peclflc reslrtcled fund) and the Flnance Offlcer. who18 pald on an Invoi¢e-
rendèred b8918.
Fees invothd by Ihg Flnan¢o 0￿￿¢T came to £12.80012021.' £11,400).
The salary& penglon conlribtrtlon pahj to thg Ju$tSharÈ Coordinatorwas £10,273{2021: £9.500)-
sale ol Sllver Fund In¢om•
Income reali8ed from Iha Sale of Sifver Fund dudng thè year tolalled £45,721 (2021.. £40.783).
As Note 18how8, thls Income h8s been ¢8tegorlsed 88 re8lrlthd b8cause the church18 permitted
lo offset certaln staff costs agalnsl the Income reallsed from the Sale of sI￿r Fund. Note 3 In
turn show8 that cerialn staff cost6 Itolalling £45,721} hav8 been cateoorised as re8lrlctad
expendtiure to match Iho Sale of SI￿er Fund Income.
Payments to PCC Mombor8
An immaterial portion of the expenses pald lo the incumbent may have related to h¢s 88rvkes a3
chairm8n of th8 PCC. No other p8ymenls or expenses were p8td to any olhfjr PCC member.
per¥ons ￿nnec1ed wllh them fm Tolated partfjes.
There were 3 {2021.. 3) employees at St Mary4e-8ow a$ at 31 Decernbèr 2022.
13

ST MARY-LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tanglbl• FIX￿ A88
Equlpmqnt
Flxturns &
Fittlngs
Movabl•
Church
Furns
Total
Cogt
Al 1 January 2022 and al 31 D￿ember 2022
7,452
3,016
10.468
Dopreclatlon
At 1 January 2022
7.452
3,018
10,468
Provlskin for tha ygar
At 31 December 2022
7.452
3,016
10,468
Net bsjok value
Ai 1 January 2022
Al 31 Decembw 2022
Fund dtttallo
The rrtlrthd fund$ in¢lude 4,465 uni18 of the Sale of Silverfun¢J whiGh are Subjected to dlrectlon
from the Court and therefore are not p8rmitted to be withdrawn.
The endovmientfund Miclude8 the balanca of unlts on the Sale of Silver fund (50,620 unh5} whld)
89 oullln8d In Nole 5 a￿ used lo fund the 38lary of the OperalSons Officer and the fee$ charged
by the Financo omcer. They may also bg used on a discrellonary basls for the sdarie5 of other
embers of staff.
Invo¥tments- UK
2022
2021
Market Value at 1 January 2022
Net galn (1088} on revalualion
1,075,644
173.344)
947,425
128,219
At 31 Dec8mbar 2022
1,002,300
1,075.844
Managed lund8
C05h
1,002,300
1,075,644
1.002,300
1,075,644
The year-end balance of £l,1)02,300 was held wllh M&G (the Sale of Sllvei Fund) valued at
£809.48512021'. £857.2321, and In a CCLA Capltal Fund valued at £192.815 (2021.. £218.412).
Hlslortcal GoBt of the managed funds al 31 December 2022 was £229,258 (2021.. £229.258}.
Dobtor8
2022
2021
Debtors
7,755
11,679
14

ST AfjARY-LE-BOW
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10. Amounts falllng duè wlthlTr on• yèar
2022
2021
Credltor8 arKI accrued expenwJ
8,158
5.107
11. Unr•strl¢tgd funds
Balancg at Incomlng Resou￿0$ Revaluatlonl Balanc• at
01.01-2022 R•Bourceo Exponded Transfers 31-12.2022
Unfeslrtct8d fund
497.437
143.067 {149,S47}
126,5971
465.360
12, ReStr1¢t￿ fund8
Balan¢0 al Incomlng R•sources Revaluallonl 88lan(￿ at
01-01-2022 R•4our¢•s Expended TrangfeT8 31.IS2022
Restrlcle(I funds
16,390
127,699 {132,590)
10.499
13. Endowm¢nt Funds:
Balance at Ineomlrtg Resource8 Rgvaluatlonl BalanGg at
01-01-2022 Rejourc￿ Exponded
Tran$fer8 31-12-2022
Sale of Silver Fund
857.232
147,747)
809.485
The con8￿tOry Court dlrocled In Aprll 2009 Ihal the Proceed8 of Ihe Sale of Sllver Fund may be
U8ed to indemnrfy the PCC fcf emplo￿ng per80nB to do the work of a vwger and oth8r funcllons.
14. DaTne Margaret Slan•y Fund
Two letters from the Church Commissioners to the Grocers, Company o¢knowledge 8 gfft from
the Company of £4.024 In 1978 which was subsequently directed to the London Dloce8an Fund
to be held'as capital to provide income forthe stipend of the incumbent of Ihls particular beneflce
1st Mary-le-Bowl'. Thot'Dame Margaret Slaney, fund Is held by the diocese and used to off&et a
proportion of the Common payment wh￿h represents the Re¢toffs stipend.
The vabje of the fund wa8 £21.262 2t 31 December 202212021,. £22,516) and the Incofft8eamed
bythe fund durlng 2022 was £1.201. Those number5 do not fomi part of Ihe8e accounts and are
raported here for Infomiatlon purp08e8 only.
15.
Funds hold a Cujtodlan Trust0•
At th& ye2r•nd the ohurch held an arnounl of US$ 23,858 on behalf of the Trlnity Church in New
York for the purpose of contributing towards the cost of conferenc88 and meetin05 Wth similar
church leaders.
15