Registered Charity Number= 1130273 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS FULHAM TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Legal and Admlnlstrative Information Status.. The PCC is a registered charity, number 1130273 Le8al Form The charity is a reglstered charity in England ¢onstituted under the governin8 document. Governln8 document . The Churth Representation Rule5 and the Parothial Churth Counclls Ipowersl Measure Operatlonal address All Saints Church Fulham Pryors Bank, Bishop's Paik. London SW6 3LA Bankèrs. Natwest Plc,. CAF Bank Ltd Independent Examlners . Beever & sinithers 15 Bunhill Row London ECIY 8LP Admlnlstratlve Each membèr of the Parochial Church Council is elected by the members of the congre8ation of All Saints present at the Annual Parochial Church Meeting. Together wlth the tlergy. they form an èxecutive committee to promote the whole mission of the churth in its parish.. pastoral. evangeli5tlC, 50ci81 and ecumenical.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Membershlp The PCC 15 constituted in accordance with Church Representation Rule5. Members of the PCC are either elected by the Annual Paroehial Church Meeting IAPCMI for a three-year term or serve by virtue either of the position they hold or of election to the Hammersmith and Fulham Deanery Synod. Since the 2020 APCM the following have served a5 members of the PCC.. Incumbent Assoclatè Prlests Rev'd. Penny Seabrook Rev'd Debo Adelaja and Rev'd jonathan MacNeanev (both from October 20201 Rev'd Will Levanway (to lune 20201 Rev'd George Meyrick (from July 20201 Martin McGann IPCC Lay Vice Chairl and Ade Lusmore Iboth to September 20201 Christina Thomas IPCC Lay Vice Chairl and Laura Auckland Ifrom September 20201 Curate ChurchwaTden5 Elected PCC Members Ilncludlng members * èlectèd to Deanery Synod): Ifrom APCM 2017 to APCM 20201 Greg Hinds, Graham Knox. Amanda Whitlo¢k* from APCM 2018 to APCM 20211 Thea Pope. lan RStchie, Vernon Burgess. Gabrlel Ashdown (from APCM 2019 to APCM 20221 Laura Auckland. Caroline Cooke, Laura Neilson Istood down September 202LI to become PCC Sècretary, Maria Tomlinson. Calum Wyllie. Ifrom APCM 2020 to APCM 20231 John Clarke. Elisabeth Green, Paul Harri5, Frances Tweed.Clarke' Co-opted Members: Licensed Lay Mlnlster Hon.Treasurer Hon Secretary Mary Tweedle Trusha Yardlev less Armstrong luntll Sept 20201. Laura Neilson (from Sept 20201 The PCC met on seven occasions in 2020.. In February, March. May. June, September. November and December land January and February 20211. Dèputy Churchwardens.. Ann Lusrnore, Robert Fryer, Hamlsh McNair, Cat McNair, Mlranda 81urn, Jess Armstrong, Graham Knox. They do not have to serve as PCC members and the PCC is grateful to them for their many contributions. Four new PCC members are nominated each year for a term tsf three years. Individuals are not able to put themselves forward immediately after the end of their term, there has tts be a fallow year. The position5 are advertlsed in the weekly email, Vicar'5 letter and pew notices asking for people to put them5elve5 forward for nomination to the PCC. The individual has to be proposed and seconded by two people from the congregation. Voting is undertaken at the APCM. Applicants have to be over IS years old, on the Church Electoral Roll and be a communicant member of the Church of England.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Committees The Standing Committee is constituted of the following Parish officials ex officio.. the Clergy. the Churchwarden5 and the Hon. Treasurer or Chair of Finance. PCC Sltbcommittees The following parishioners chaired committees of the Parish in 2020.. Buildings Communl¢ations Finance Planned Giving Heritage and Church Hlstc¢ry Missions and Charities Music Business Children and Young Persons Community Development Jeremy Fawcett Christina Thomas Robert Fryer Lewi5 Nolan Vernon Burge5S Caroline Cooke Rachel de Mestre Acting Convenor.. Julia Chittell Stuart Evans Safeguarding Officer Children's Champion First Aid Co-ordinator Diana Deighton Catherine Shaw Frances Tweed-clarke Risk management The PCC conducted a review of the major ri5k5 to which the church is exposed, identifying the types of risks, potential impact, likelihood of occurrence and means of mitigation, and 15 5at15fied that appropriate procedure5 and contro15 are in place. Church attendance and Ele¢toral Roll At 31 December 2020 there were 385 parishioners on the Church Electoral Roll. of whom 80 were resident within the parish and 305 were resident outside the parish. During 2020 at All Saints Fulham there were Weddings and Blessings.. 19,. Baptisms= 18,. Admi55lOn to Holy Communion.. O.. Confirmation.. O,. Funerals and Memorial Services.. 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Aim and purpose All Saints Parochial Church Countil IPCCI together with the clergy. form an executive committee to promote the whole mission of the church in its pèrish.. pa5tOTal, evangelistic. social and ecumenical. The PCC share5 the privileges and responsibility of making certain decisions with the incumbent, Revd Pennv Seabrook. Martin McGann and Ade Lusmore served as churihwèrdens until the APCM on 22. September 2020 when Christina Thomas and Laura Auckland were eletted in their place. When planning activitles, the incumbent. warden5 and PCC have conSided the Charity Commision's guidance on public benefit and the specific guidante regarding charities and the advancement of religion. In particular. we endeavour to enable ordinary people to live out their faith as part of our parish Community through.. Worship and prayer Provisiorn of pastoral care Mi$5ionary and ouireach work A year of global pandemlc Servlces Churches were ordered to clost on 16 March 2020. On Isth lune. the church was able to reopen for private prayer, and public worship resumed on Sunday S July followin8 which louf or five servlces were conducted every Sunday. Tht church 15 open MOndaFrid3y. I0.C4.cQpM in summer months, 10.0>3.OOprn in wlnter. On Sundays, we can seat a maximum of c.120 per service. at sale social distance. but have been full on only a few otcaslons. typlcally welcoming between 20(F250 in church over the four services. After the first lockdown the pattern was 8.iJ)am, 10.30am and 6.tKJpm in person in church,. 9.Q)am Chlldren's service on Zoom and 9.30am Eucharist online on Zoom and Facebook. In September, when the necessary equipment for s¥nchin8 services in person with those online. was installed. the pattern changed to 8.OOarn, 9.30.am children's service on Zoom and in person.. 10.30am Parish Eucharist and 6.OOprn Evenson8 in person and on Facebook. The midweek Wednesday service was run on Zoom as a service of the word from the beginning ol lockdown, untll September. when it reverted to EucharistK form in person, in church, and on Zoom for those partlcipatln8 from home. Morning Prayer moved online has continued every day except Sunday. Since Marth 2020. with a si8nificantlv higher number ol attendees than when held in church. It is led by different people each day ol the week (both elergy and laityl, and readin8sare shared bythose participating on Zoom. The service is streamed simultaneou51y to Facebook.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Otcasional offrces Most of the baptism5 and weddings planned for the year, were rearranged after March several times, because of the varying restrictions. There were no services of this type between March and July because church was closed. Thereafter, for the rest of the year, a maximum of 30 people were permitted to attend weddings so the majority of couples postponed until 2021, with only 12 marriages t3king place at ASF during 2020, and 18 baptisms. No funerals or memorials were allowed in church. during the first lockdown. and when the building reopened a maximum of 30 people were allowed to attend. In total 20 funerals were conducted by ASF clergy, in church or the crematoriurn. Easter and Christmas 2020 Lentgroups, which fortuitously were reading Richard Carter's The Ciry is my Monasterycontinued on Zoom until the start of Holy Week,. Palm Sunday was celebrated online, with branches cut from the garden,. the Chrisrn Ma55 at St Paul's was cancelled on Maundy Thursday. On Good Friday, the Stations of the Cross, Three Hours, and Children's Service were live streamed from the homes of leaders. On Easter Day, the Vic3r circulated a recording of the Dawn Vigil encouraging the congreEation to watch a televised morning service. In the evening, a reflective service of music readings and reflections wa5 Streamed by ASF. It was decided in Novernber, to ticket all carol and Christmas Eve/D8y 5ervice5. Thi5 proved wise, when most services were lully booked Shortly after ticket5 were released. However, on 19 Decernber the government announced tighter restrictions for the Christmas period so a number of people cancelled bookings, or failed to turn up, giving us more space to seat those who hadn't booked. Meetings All regular rneetings continued online on Zoom. The PCC met on the dates that had been set at the start of the year, but the APCM was postponed. from April, until perm155ion wa5 granted to hold it online, in September. On March 31 2020 The PCC agreed a scheme of delegation, giving the Standing Comrnittee authority to take urgent decision5 during the pandemic. in between regular PCC Meetings. Christina Thornas and Laura Auckland, with the approval of the PCC. joined ihe StandinE Committee in March, but were not elected wardens, until the APCM. Standing Committee met weekly, from March to the early auturnn, and about every two weeks, between then and the year end. Parish visitors, Baptism and Marriage preparation rnet online 35 and when needed. Children's activities continued online, and are described elsewhere in this report. Twelve children undertook preparation for Adrni55ion to Holy Communion online, and will be admitted at a service, with another group who'll start online preparation in April 2021, at Pentec05t 2021. Two study groups ran online each week during lockdown and have continued since then. PCC subcommittees met online ad hoc when declsions relating to their area of work had to be taken. The choir and JASS rehearsed online, during lockdown. JASS continues to meet in this way. on Monday's during term titne. Choir rehearsals were halted at the end Df 2020 until restrictions were lifted in April 2021.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 310ECEMBER 2020 Pastoral Care and outreach In March 2020, when church closed. we rang all parishioners not online. tocheck that they had adequate support in place and make arrangements for keeping in touch by post or phone. The parish Visiiing team followed through by regularly phonirsg those known io be most vulnerable. In general we had few reqL*ests for help- and rnore Volunteers to provide this. than were Theeded- includin8 TLC. which was set up by members of Hurlin8ham Club, to provide food parce15 lor households in need. This was much appreciated by those nominated by parish staff, lor the care offered. but additional funds were also allocated to Foodbank. at the recommendation of our Missions and Chariries committee. along with donations to Fulham Good Neighbours and St Ethleldreda's Community Care Scheme. Those who volunteered via ASF. were emailed. whenever we received requests for help from Hammersmith and Fulham Community Care network and were invited to respond dirert to the council. Ourin8 the first lockdown, local homeless people were housed in a hoiel In Putney, but offered 'take away, food every Thursday, at Pryor5 Bank by a team who cooked at home. and served food outside. whilst observing the mandatory precaution5. Thts arrangement tontinues to run and has attracted 8reater numbers since the hotel arrangements ceased in the summer. Glass Door, an SnterdenominatioThal charilv that provides ovemight shelter lor the homeless durin8 the winter month5 in west London, Changed its mode of operation.. providin8 single rooms on full board. ITh h05te15. rather than usin8 church halls for sleeping accommodation. All Saints has always supported this work, financially and through the efforts of parish volunteer5. and this year increased lis donation subsiantially to cover the extra costs of h05tel accommodation. Ste a150 the report on work wlth Children and Young Families. for detai15 of the sumrner carnp held on a local housing estate durin8 the sumrntr holiday5 and other activities durln8 the year. F•llowshlp Socially, 2020 was a quitt year. alleviated by the odd special occasion Imainly onlintl. such a5 the 75th annlversary of VE day in early May, a Harvesi festival lood stall in the churchyard in aid of Foodbank, and an outdoor carol service In Decernber. Before lockdown. we also enjoyed a good turn out for the winter BBQ at Candlemas. and the Shrove Tuesday quiz over supper in the Middle Room. in aid of the Blshop ol London's Lent appeal for the provision ol Wheels to aid Cllmate Emer8encies in Angola and Mozarnbique. Sadly, we were only able lo enjoy one of the eight Mvsi¢ by the Brid8e concerts planned for theyear.. In February, when Anna Boucher provided a Celebration of Song. with the Fulham 8elles and Roehampton Ladie5 choir. All other concerts were cancelled or postponed. Lockdown, however, provided the incentive to revitalÈse the History group which gathered online to learn what was already known about All Saints. and io identify area5 lor lurther research. This is now being undertaken and carefully documented so that in due course it can be shared with the public. Bobbie Travis also urbdertook the challenging task of replicatin8 the pattern on rhe kneelers on the step infront of the high altar, to replace the twelve moth-damaged tapestry kneelers in the choir stalls. Whilst these were stitched alone at home. and haven't yet been made up, they'll serve as a lasting memorial to the creative spirit of lockdown and give u5 an excuse for some form ol celebratson when $trict10Th5are lifted so that we can thank those who gave many hours to the task. Clerical staffing At the start of 2020. All Saints had iwo clerBY.' Revd Penny Seabrook (Vicar) and Revd Drwill Levanway (Curatel. The p05t of full-time Associate Priest was adverrised and offered to the successful candidate but he withdrew hi5 initial acceptance. for personal reasons, in the week befo All Saints was locked down in March.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Revd Dr Will Levanway took p3rent31 leave, when he and Allie, had their second child, Tallulah, at the end of April. They returned to the USA, where Will has been appointed Priest in Charge of the Episcopal Christ Church Chattanooga. Revd George Meyrick succeeded Will as Curate, cornin8 frorn Cuddesdon with his wife, Rachel and three girls, Ginny. Izzy and Naomi. at the start of June. He has played a full part in parish life, since joining All Saints and God willing will be priested, in June 2021. Belle Fisher joined All Saints as an intern on the Kensington Ministerial Experience Scherne in September 2019 and returned home at the start of lockdown. She continued to lift spirits by participatinE remotely until moving to Glasgow to read theology in September 2020. She stands out as the only intern in Kensington, to complete the full year. and the youngest, demonstrating both resilience and grace way beyond her years. The post of Associate Priest was advert15ed at the end of June with interviews t2king place in person in13te July. We were delighted to welcome Revd Debo Adelaja at the beginning of October, appointed on 2 three days 3 week house for duty basis, and Revd Jonathan MacNeaney, at the end ol the month, on a three days a week stipendiary basis- restoring clerEY StaffinE levels to those not enjoyed since before the last interegnurn. Budgetary impacl of lockdown Lockdown had an immediate, detrimental effect on the finances of All Saints, since all regular letting income from the hall and Pryors 83nk, and income from church activities and Sunday collections ceased. In order to minimise the impact of thi5. the Standing Comrnittee examined all cost cutting options, and took adv3nrage of the Government Job Retention scheme to put the Verger on furlough in April 2020. He returned to work after the first lockdown and was furloughed again in December. when the Job Retention Scheme was extended. All casual staff (cleaners, gardeners and sessional workers) were laid off, because the re5triction5 01 lockdown, meant they cou5d not work on 51te. When it became èpparent that the return to normality would take months rather than weeks, w& also took the ditticult decision to terminate the organ schol3r's contr3Ct early, in June ratherthan August. Owing to the need to economise until incorne 5how5 sign5 of recovery neither organ scholar nor choral scholars have been appointed for the calendar year Septernber 2020-21. The savings made. which included a ban on all non-essential spending, reduced cash outflows by c.£IO,000 a month. Planned Giving has been the saving grace of the pandemic. holding up fairly steadily with the numbers joining the scheme, compensating lor th& number ol people who have died. or moved. We are hugely grateful in particular, to the 5 per cent in the scherne. who 8IVE 30 per cent of all monie5 All Saints receives through planned giving and would encourage others to review their standing order.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Going online A5 mentioned elsewhere we had ro adapt quickly to new ways of worshipping and conducting parish business by streaming services and mastering Zoom. Initially, all Facebook worship was run by clergy, at home.. using recorded organ and choir music drawn either from previous recordings, or voices stitched together in online choir rehearsals by Jonathan Wikeley. The learning curve was steep for everyone, not least because of unreliable wifi in church. However, with professional help from Cal Wylie and Matt Parkin the standard of streamed wor- ship improved wonderfully wlth the introduction of powerpoint slides, and later. direct input lor live broadcasts from the sound system in church. Llnk5 wlth schools Although governors. meetings have continued throughoutthe year, clergy have not been able tg go into schools, SO 3ssemblie5 Wlth All Saints School have been run online since pupi15 returned in September. Ms Carol Grav, headteacher. postponed her retSrement until Decernber. when we held a special online assembly to mark all that she had given to the school since being appointed Head in 2006. Mr Kleran Gorman took over as Head In January 2021. just a few days before the third lockdown was announced, but has continued the pattern of zoorned as5emblie5 led by cler8y each Wednesday. Lady Margaret School invited ASF to joln the rota of churches taking whole School assemblles in the autumn term, but sadly had to change arrangements, before Revd Jonathan was able to lead worship there. The school's Advent Service at All Saints was also cancelled, when the school closed early due to an outbreak of the vlrus. Communlcatlons At the be8lnnin8 of lockdown It became clear that we needed a clear communitatlon strategy. The weekly emall became the focu5 point with 311 information gathered on a Wednesday ready lor rnailing on Friday morning. The website was reorganised so all immediate new5 and services (including Zoom details and orders ol servlcel were available on the horne page. Many irrelevant pa8es were taken off line and the site 5trearnlined. To balance the factual and practical nature ol these two channels of communication, the Vlcarfs letter, sent on a Sunday rnorning 8lves a more reflective take on the week, Particular rnention must be made of Ernily Richard50n who has done a Breat job wlth soclal medla, whose importance Increased during 2020, and Paul Mccarroll our ma8a2ine editor. Chlldren and Famllv 2020 set many challenges and was a very dlfficult year, shutting group5 that were never more needed both then and now. It was also the best yearl We learned a great deal, adapted, and created some new wonderful groups. It must be stressed that all our children and family work relies upon the financial generosity and regular giving of our congregation. Therefore, our biggest thanks goes to all those generous souls who - when coupled with the hard work of the Chlldren and Familie5 Team and our PCC- make all ol the following P055ible. Arnon8 the challenges also carne enormous opporrunitles. When baby and toddler groups, and youth meet ups had to stop, and Sunday club closed. we turned to technology and social media. We held Sunday zoom worship, afternoon Bible Story with craft time, we had a midweek 3fternoon session for school aged children. twice weekly we held stories and song tirne with craft for toddlers, and we opened a zoom café for all parents and carers. Did we reach out further into the community? Yes, people tuned in frorn acros5 the world including Ireland, Scotland. USA. Australia. and the Philippinesl
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 From these ses5ion5, 3 small group of mothers and mother5-to-be bonded. so in the summer we were able to offer an outdoor support group for them to meet weekly in the vicarage garden. Because ol the changes to restrictions, this too had to c105e. but ernails IrotH parents and carers still came flooding in. and in NovemberlDecember we were once again able to hold 3 very much needed support group for them. Of these users, at first only one was an All Saints Church member, but through our support and nurture three more frorn these groups now attend Sunday worship. We also started offering one-one support for parent5 and c3rers in the form of 'coffee and a park walk. Agaln, this form of support was found to be very helpful, and through us, led to some meetln8 Wlth other carer5. During the summer of 2020, we were given an ama2ing opportunity to work with another church runninB a community estate summer club, which operated for 4 weeks throughout August. It was held both on the Lancaster Court estate and Pryor's Bank site. This was not without its challenges, not only financial, but also ensurln8 the scheme was lully compliant and lunciionin8 safely within the 8overnment COVID guidelines. Was it a success? Forty three different children used thi5 club 3t different time5 and throughout there was not one case ol COVID amon8 eliher the children or adults. As nearly all other similar schemes had been cancelled, beln8 able to plan, fund and deliver a holiday play scherne in the mlddle ol a pandemic was an achievement, but the lact that the scherne wa5 able to support so many children in the community and do it in a totally Covid safe way, I belleve speaks lor itself in terrns o15ucces5.1 have a Special photo on my computer screen whlch reminds rne of the much needed support work we were able to provide., both church and non-church children from a range ol diverse backgrounds, and out ol the 11 children in the photograph, 4 of them had additional needs (that's 36%), with 3 needing extra Indlvidual support. This was achlevable thanks to the generoslty ol All Saint5 'pop-up Godparents., The Hilden Trust and Dr Edwards and Bishop Kln8's Fulham Charity. Sunday worship chan8ed dramatlcally, and out ol that came, l am told by lamllies 'the best thin8 ever, lor our familie5 and children., our new 9.30arn family service. led by our youn8 leadersl It started on zoorn. and althouBh met 3 few challenge5. these were quickly overcome. Importantly. it meant that lor the first time, our families could also Include thelr own families. no matter how far away enabling all to worship together. We have wanted for many years to develop a servlce led by youn8 people and finally, throu8h adversity, the opportunity arose. Preparètion for admission to Holy communion w35 a150 successfully delivered throu8h zoorn, but after the course had finished, we needed to look lor a way the young people could stay connected, especially a5 they were unable to become servers In church, Our response was lor young people to lead a one oll servlce on zoom, and thls was so successful that it now forms an integral part of our new weekly lamlly servlce, and boasts a growing rota of 24 young people actively involved and connected to God through All Saint5. We plan to start some Sunday club activities during the 10.30am service, helping glve famllles a wlder cholce ol worship style and timings. Opening lor youth work is more challen8lng, but we are not daunted and are worklng towards a safe return to youth activities 500n. It ha5 becorne clear that the way lor children's, young people's, and family attivities to run safely, is to do as much as p055ible outdoors. Therefore, our aim is to grow and develop our groups, church and community, keeping thi5 in mind. 2021 finds us with a signillcant financial challenge. as we prepare to offer rnore of the rnuch needed 'out of school, and holiday club5. not only to the children of All Saints, but to carry on the good work of last year and offer these activities to children in Durwider comtnunity. While we will be asking lorfinancial £ontribution5 fro the user5, either in the form of payment or donation5, we already know that not all will be able to afford it and that this is probably where ihe need 15 greatest. We a150 intend to start an'into the wilderne5s' prayer ses5ion5 for our children and young people, which will require a safe outdoor space. To achieve this, we will once again be running our'pop-up God pareny scheme which ask5 the wonderful people of All Saints to spon50r a place lor a child at our summer club.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 We will also be applying to various charities, including those who were so very generou5 last year in awardlng us grants to help us tneet the cost ol our club5, but we are aware that the pandemic has had a negative impact on the income of most charities. As mentioned above. with an increase in outdoor activities. we will be looking to rnake a shared use outdoor within the paddock, for use from birth to ancient oldie5, and will need to seek funding. sponsorship and donations in order to achieve this. All of our Sunday 8roups and midweek baby and toddler groups rely on volunteers. If you are interested in becoming a volunteer for any ol these, or if you have experience in applying for funding or applyin8 for buslness 5pon59rship, please get in touch with rre, Julia Chittell childwork allsaints-fulham.or Muslc As with all aspecis ol church life, everything changed in the year 2020-2021. Frorn March 2020 all live music makin8 was suspended in church, and the music department very quickly had to rnake substantial changes to continue to provide music for now-online services. All of those who create muslc at churth reacted swlftly and impressively to these major chan8es, whlch meant that within a week or two ol the first lockdown. the parish choir had made its first'virtual Choir, recording. made by layering up individual voices and fitting them together. Many more recordings followed each week during summer term, with the singer5 busy preparing pleces in their own homes. having onllne rehearsals, and even flnding tlrne for onllne cholr qulzzes. JASS, lead by its directorsam Poppleton, alsowent swlftly online, where they have contSnued to rehearse online, and contlnued with thelr composition workshop5. The wonderful work done by the Muslc by the Brld8e team was harder hit, however. with concert5 havins to stop lor most of the year. We are very much looking forward to them startln8 ag81n. At the same tlrne. we provlded virtual muslc playlists lor the flrst two months of lockdown, with muslc suited to each service and Sunday. The choir also found time to record a vlrtual 'choir tourf singing the rnu5ic for a Eucharist at Guildford Cathedral, resulting in an offer io come and sing there live in June 2021. Unfortunately, the cholr's tour to sing the Services at Gloucester Cathedral for a week in July had to be cancelled. The choir maintained sorne ol its choral scholar5 untll the end ol the July, though sadly funds were not available to continue Supporting the organ scholarship. and we had to say 800dbye to Guy Steed, who had played beau- tilully for u5 during the flrst hall of the year, In June. From September 2020 we were not able to Support scholars at all, so all the music since then has been provided by the sin8ers from the choir. who are all volunteers. Over the summer, we were allowed a canior and once services were allowed to resume in church rnembers of the choir volunteered to leèd the music in the service5. In August, a 8reat deal of work was done to prepare for choral Services from September, with temperature checks, social distancing observed. rehearsal time shortened and a new choir rota, of 12 singers In the morning and up to 20 in the evening, to enable us to sing while keeping the risk of Infection to a rninimum. In November. the choir had to stop slnglng again for a month. but we were lucky to be able to sing again 35 choir for December and prepare very quickly a numberof 5ervice5-we would usually start rehearsing for Advent from the end of October- this year's service was rehearsed on the nlghtl 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Come January and the new surge in infections meant cantor only at services. From Ash Wednesday we relaxed this to follow the current guidance which allowed for up to three singers at a service. As most choral mu51C 15 written for four voice5, this meant a complet& change, a lot of new repertoire- we alternated between service5 lor upper and lower voices- wa5 learnt over Lent and several new Mass settings and arrangements were written specially for these services. Over this time and the whole year rnany connection5 were made between the Di- rector Of Music and Director5 at other churches as everyone tried to find new music and ways to keep the music going at their respertive churches and cathedrals. P05t Easter and services were once again allowed to have more singers, and we look forward to a time. hopefully soon, when we can once again sing as a whole choir at the same time. and welcome back the chor31 and organ scholars. Bulldin8S Other than various essential maintenaTice items, the only13fEe things we undertook last year were finishing off the ccrv installation and rep13cillE the drains that serve the church hall and vicarage. Mlssion and Charities The Mission5 and Charities Committee met three times in 2020 and committed £11.515, which represented S% ol the total r&ceived through Planned Giving in 2019. Shortly after the Committee's in-person meeting in March 2020. the first lockdown beg3n. The Committee liaised with the Standing Committee to reprioritise funding and consider way5 in which All Saints, charitable giving could best be Used in 5UPPOrt ol local efforts to address the impacts of Covid. As a result, donation5 were initially approved to Fulham Food Bank,. Fulham Good Neighbour Service,. and the Harnmersmith and Fulharn Community Aid Network Campaign. Later, the Cornmittee met twice on Zoom and 3Ereed further donations to address rhe local impact of Covid 19, to St Ethelreda's Community Care Fulharn Initiative,. Hammersmith. Fulham, Ealing and Hounslow MIND., The Baron's Court Project.. West London Bridging the Gap Appeal,. Glass Door Homeless Charity and the All Saints Summer Club. While we focused attention on local Covid-related initiatives, the Committee was also mindful of the need5 of the wider world and made donations to charities working oversea5. which had a150 been badly affected by the pandemic.. Friends ol Amasango.. Tariro Hope for Zirnb3bwe,' Heart of Asia and the David Nott Foundation. Following rhe disaster in Lebanon in August. we donated to the British Red Cr055 Beirut Emergency Appeal,. and we supported the Christian Aid Christma5 Appeal Irecognising that Christian Aid week in 2020 had been during the IDckdownl. We a150 made a don3tlDn in kind of Lent book5 to the Chaplaincy ol HMP Wandsworth. The Comtnittee's Members are grateful to the congregation of All Saints for continuinE to nominate charities. in line with agreed criteria, for consideration by the Committee, which then rnake5 recornmendations to the PCC for charitable donations to be made.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Finantial Review It ha5 been a very challenging year financially, the COVID-19 pandemic has impacted everyone personally in the church community and as expected has significantly impacted the financial results of All Saints during 2020 with continued fallout into 2021. All Saints has reported a deficit of £54.945 (excluding the unrealised gain on invest- ments) for the year under review compared to a loss of £9,057 in 2019. The COVID 19 pandemic which locked down the UK from March 2020. Impacted the majority of church activities and delayed securing a long term tenant, both of which impacted All Saints Church's sources of income. Total Income decreased by £117,081 from 2019. Income decreased across all areas, the most significant was the lack of income from the church hall1£75,7041 as we were not able to secure a tenant due to the lockdown. The lack of a tenant will continue to impact the results in 2021. Lack of collections from services, the lack of opportunities for fundraising activities such as the annual church fete, bonfire night. bbq's and similar events impacted income by £15,660, weekly collertions and Christma5 collections were severely impacted by lockdown with a knock-on impact on gift aid recovery. Reduced Church activities such as weddings, baptisms. children and music groups also decreased impacting income by £62.904. We were fortunate to receive a generous legacv 01 £50,000 bequeathed to All Saints and a £38,000 family trust donation, without thesetwo amounts, our overall income was down £205.081. On a positive note, we are very fortunate that despite the hardship felt by so many in our community. planned giving was only down margin311y on the 2019 contribution5. Total Expenditure decre85ed by £71,193 compared to 2019. All expenses were carefully managed given con- cerns over the impact of the COVID lockdown on revenue and only critical costs were approved. Ministry costs were £23,896 lower in 2020 due to a reduction in clergy accommodation expenditure and associate vicar costs. Expenditure associated with weddings, funerals, bapt15m5 and general church service costs decreased by £42.074 due to the lockdowns. Certain expenditure was unavoidable, £3.474 was incurred on Church Hall plan5 and renovation costs to enable All Saints Church to secure a tenaney in 2021 once COVID lockdown is relaxed and normal operations can proceed. In addition to this £22,950 was spent repairing the church hall drains, gen- eral maintenance tsn all buildings was limited to accommodate this cost. Missionary and Charitable Giving costs increased by £7,772, 8 Specific donation of £9,000 was made to support homelessness, this was in line with the the church's mi55ion and the wishes from the family trust who made a generous donatioll to the church. Given 2020's lower income expectations. continued cost management played a vital part in keeping overall expendi- ture down. Cashfltsw5 were carefully managed to ensure that cash reserves and deposit accounts were maintained. The PCC has a policy of building up reserves to cover future costs for the care and maintenance of the Church, churchyard. hall and vicarage. The deficit generated in 2020 will be absorbed by these reserves. The Church remair15 to have reserves to continue to cover emergency situations and contingency against loss of income, although as always will need continuous focus and management given ongoing COVID impact into 2021 to ensure this remains the case in future years to come.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. FULHAM PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2020 Resetve Pollcy It is PCC policy to maintain a balance on unrestricted funds lif possiblel, which equate5 to approximately six rnonths, unrestricted payments. to cover emergency situations that may arise from time to tlme. The balance on unrestricted funds at the year end (excluding the Buildings Capitalisation Reserve) exceeds thi5 target., it is the policy of the PCC to rnaintain unre5tritted fund levels to meet this target. Investment Policv It is our policy to invest our fund5 balantes Wlth the CBF Church of England Deposlt Fund and to ensure that inve5tment5 are in line with the Church of England's ethical investment policy. The C8F deposit Fund offers a competitive rate of interesr and ersable5 US to limits our exposure to bank default risk. Shorter-term working tapital is held on our current and reserve accounts at CAF. The PCC is satisfied with the firnanclal position of the Church and Considers that it 15 appropriately placed to manage its risk5 successfully durin8 the current eccnomic condition5. After making enquiries. the PCC consid- ers there to be adequate resources for the Church to continue in operational existence for the foreseeable lu. tufe and that there are sufficient funds to SUPPOrt current and planned actlvities. Accordingly, it continues to adopt the going concern basis in preparing the accounts. Golrtg concern The PCC is satisfied with the financial position of the Church and considers that it is approprtately placed to rnana8e Its risks successfully during the current economic conditions. After tnaking enquiries, the PCC consid- er5 there to be adequate resource5 for the Church to continue in operational existence for the foreseeable lu- ture and that there are sufficient funds to support current and planned activitles. Accordingly, it continues to adopt the going concern basis in preparing the accounts. Compliante with laws and re8ulations The Trustees complied wtth the duty In Section 4 Charities Act 2011, to have regard to the Public Benefit guid- ance published by the Charity Commi55ion. The PCC have established policies and procedures to ensure as lar as possible the charify ha5 complied with all laws and regulations which are central to the operation of the Church and charity's activitie5. The trustees are not aware of any breach of laws or regulation5 which would jeopardise the ability of the char- ity to continue to operate. This report was approved by the PCC on the O E-01- 71 and signed on their behalf by 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Indopendent Examiner's Report to the Trustegs of The Parochlal Church Councll of the Eccle5iastlcal Parish of All Salnts, Fulham report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on page$ 15 to 30. Responslbilitiès and basls of report As the charity's trustees you are responsible for the preparation of the accoLtnts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charitvs accounts carried out under sèction 145 of the Act and in carrying out rny examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Att. Independent èxam5nèr'5 Statement Since the charivs gr0$5 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am Qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. l Confirm that no material matters have Come to my attentlon In Connection with the examinotlDn giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charityas qUired by section 130 of the Act,. or the accounts do not accord with those records,. or the accovnts do not comply with the applicable qUirements concemin8 the form and content of accounts setout in the Charities IAccountsand Reports) Regulations 2008 otherthan anyrequirementthat the accounts8we a'true and fair which is not a matter considered as part of an independent eKaminatlon. I have no ¢¢ncerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ol the accounts to be reached. .PL IUL Elizabeth Hatchman ACA 15 Bunhill Row ECIY 8IP London Date.. -,1 14
ALLSAINTSPARISIIChURCAlfULHAMI srATEMENTOFFINANCIALACnVlnES FUrtheiredt3IslDoc•mber2o2o Unre5trSct•d Res¢t1tted 1020 UDte#ii¢ted RÈstrlcted Funds Funds zoig N(Ite5 INClESRcE5 4U5.253 ?25 05.9?8 364.793 3.843 368,636 tiviti¢sforseD¥alin8fundS 21bl 42,526 42.526 133.890 Incomelrominvtytm•iis 8.016 8.029 25.D96 25.096 88.UOD 88.000 olhvintomlngreurCo5 8.419 8.419 9.?96 9.796 roFAL1NCOMINGREJRcES 490,545 725 491.170 604.383 a,96B 608.351 RESQUKESEXPENDÉD 31è) 31?.606 725 4.263 393.450 tivite5tDr¥enerotlTh8fvnds 213.804 223.804 219.647 C05t501gtsieraiifflgtun¢s 3kl 78 78 4.080 4.080 rorALHE5WRCE5EXPENDED 545.490 725 546.215 613.145 4.Z63 617AO8 NEfiNCOMERESOUACESBEFORETrANSFEAS 154.9451 I95F} G1055trinsfwsbÈtw[UThs 2.370 6.630 NErwrGOING RESOJRCE5eEFCEOTh REC1mIsEDAlNsANDlO$9ES 2M75 6.630 6ainslLo55e5Dfi In¥IMnIQ1S'. on Ialu10 13.297 29.978 29.978 NErMovEMENfiNFUNDS 2.075 6.630 BALANCESBRC4PGHTFORWARDAT15tlin¥y1020 1.132.516 41.968 6.630 39.893 1.180,193 8ALANCES¢AHRIED FQftWARDAT3LDECEM8ER2010 1,0*0,$68 41,968 6.630 l.L39.466 I.J32.516 41.968 6.650 TheDOtfsonpage518to30formaThint4rèl pèrtofthesefinancii15tatemoffltL
ALLSAIMTSPARISHCHUACHIFULHAMI LAKESHEEfAT31 DEcBEI020 2010 201• Not FIXEDSSETS Y&)wble 499.975 205.560 705.838 520,374 191.563 711.937 Otbtor5 5hortTetthDWtS C45h•t8ank•idln 11.369 417.553 134.182 576.101 13.063 418.861 167.236 609.160 LWlrntS Cr•dltors 4ffl0utslllnideln0ntWr io 140.983 433.628 468.1?? TOTALASSEfsLESSCURAEinLL4ts11mES 1.181.114 CP£DITOPS".amuntsfIIIdUeaftCrDlltyr TofALPIET ASSEIS l.119.466 1.181.114 PAWHFUhY)S ijnrertrfct 1.090.868 6.630 41.968 1.139.466 l.L31.5l6 6.630 41.9$8 1.181.L14 li ij Rortiicttd prOveObythP4rryhifthuirh Counciio rh T4ly 2014 ar1d&Jon Itsbth¥fby' roo iVlc¥l Int1*{fr rorl ThonotQsonpylB 1030fotrnpartofthe5ex¢vunt5 16
ALiSllhTSPAWSHCHVRfHIFULHA¥I CASHFLOWSTAIEMpir srAYtMÉNffCASHFLfMS 2020 1019 CthFlowJfrCC1r11[NAthtE Diyidthds, Intwth and¢wrsfrominvestiws B.019 8.029 93$1 ChJThylncith ind¢•1¥1tsintherltinip¥IOrt Cith& chek¥ts ihebqlnnhQ1Ihe1<portireWkDd cuhdc1sb Equlv¥tt)tsltlhe•idaftPIQPOrtlWknd 20.645 586.097 561.735 586.097 ,9451 ,0571 DepiociltioThchÉ•} DlwdondK Intwot4ndrwiilromlnvrnw15 IlncrtxplldKrpu•lndoblors 211.396 20.413 1.691 1.493 Netcish PiO¥lded byluedinlopw#irfxtl%4ti 427.S53 561.735 516.097 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 All Saints Parish Church is a charity registered in England with the Charity Commission. The address of the principal office is '. Pryors Bank. Bishops Park. Fulham. London SW6 3LA. 1. ACCOUNTING POLICIES lal The financial slalements have been prepared in accordance with the the Charities Act 2011, Church Accounting Regulations 2006 together with th8 Financial Reporting Standard FRS102 and tho Charity Commission Statement of Recommended Practice- Charities SORP 2019. The Charity transitioned from previous UK GAAP lo FRS 102 as at 1 January 2014 and subsequently adopted the Charity SORP 2019. The charity conslilules a public benefit enlity as defined by FRS 102. The slalemenls have been prepared under the historical cost convention except for the valuation of investment assets, which are shown al fair value. The 10,068.11 shares in the CBF Church of England Investments Fund (income shares) are included in the Balance Sheet at their fair value as al 31 December 2020. As is shown In Note 5 Ibl Ihls rèsLtlled in a increase in value during tho year of £13.297 and this amount 15 shown as an unrealised gain on investments in the Statement of Financial Activities. The Financial Slalemenls Includes all Iransaclions. as5els and liabilities for whlch the PCC Is responsible In law. They do not Include the aceounls of Church Groups that owe Ihelr maln affiliation lo another body, nor those that are infomial gatharlngs of church members. Ibl Funds General Funds {unrestrlcted funds} r¢pffj$6nl the funds of the PCC that aro not subjgcl lo any reslriclion regarding Ihelr use and are available for appIltiOn on the general puroposes of the PCC. Funds designlated for a partlcular purpose by th$ PCC are also unrestrlcted. Reslricled Funds respresenl income from other sourcgs including trusts or endowmènts which may bo expended only on those restricted obj-ects provided in temis of the trust or bequest and don81ion$ or grants recevied for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year musl be carried forward as a balance on that funds. Details of the funds are shown in Note 11. 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. ACCOUNTING POLICIES IconL) Icl Incomlng Resources I Incorne re¢ognitlon All incoming reSoUeS are included in the SOFA when the charity is legally entitled to the income and th amount c8n be quantified with reasonable accuracy. Glfts In klnd donated for distribution are included at fair value and recognised as income when they are distributed lo the projects. Gifts donated for resale are included as income when they are sold. No amounts are included in the financial statements for services donated by volunteers. Voluntary Income and Capltal Sources Collections ale included when received by or on behalf of the PCC. Stewardship giving under gift aid is included when the income is received. Gift aid lax repaymen15 are accounted for when receivabl8. Grants and Legaclos lo the PCC are accounted for when the PCC is legally entitled lo the amounts due and any performance condilions have been mel. Other Ordlnary Income Rental income from the lettlng of thè Church Hall 1$ in¢lud¢d when the rental 1$ due. Interest on monles on deposlt Interest is accounted for when received. All Income resources are accounted ft)r gross. Idl Resources expended All expendllure 1$ a¢¢ounled for on an accrual basis and has been classified under headlngs that aggregate all costs related lo the category. Where costs cannot be directly attrlbuled lo partlcular headings they have been allocated to activities on a basi$ consistent with the use of the resources. Grants Grants and donations are accounted for when paid over. or whgn awarded if that award created a binding or constructive obligation on the PCC. Activities directly related to Ihe wolk of ihe Church The dlocesan common fund is accounted for when due. Al expenditure is generally recognisgd when il is incurred and is accounted for gross. 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. ACCOUNTING POLICIES l¢ont.I lel Fixgd Assets Consecraled18nd 8nd buildings and movable church furnishings Consecrated and beneficial property is not included in accordance with s 1012110141 of Ihe Charities Ac12011. No value 15 placed on movable church furnishings held by the Church wardens on speclal trust for the PCC and which requiro a Diocesan faculty lor dSsposal slnce the PCC considers this lo be inalienable property. This property Is listed in the church's inventory which can be inspected lat any reasonable limel. All expenditure incurred during the year on consecrated or beneficial buildlngs and moveable furnishings, whether maintenance or Improvem&nls, Is wrillen off as expendllure in the Statement ol Financial Activities and separately dlsclosed. Church Hall The Church Hall has been brought Into tha accounts al a gross book value which represents the value as esllmaled by the PCC in June 1998 for insurance purposes. Depreciation of this gross book value is being provlded in the flnancial slalemgnls al Ihg rale of 20h per annum. Other lixlures and office equlpm8nl These assets are depreciated on a slraighl line basis over 4 years. Indivldual 8s5els wllh a purchasg price of £250 or less aig expensed when the asset Is acqulred. H811 Fillings and Church Fittings These assets are deprecia18d on a slr8ighl Ilne basis over 10 year5. Other fittings These a5sols are depreciated on a slraighl Ilne basis over 4 years. Individual assets with a purchase price of £250 or less are expensed when the 8ssel Is acquired. Lady Chapel Theso assets are depreciated at 50A per annum on a straight line basis In Investments Invgslmenls are staled al fair value al the balance sheet dale. The SOFA Includes the net gains and losses arising on revaluations and disposals throughout the year. Igl Current assets Amounts owing lo the PCC al 31, December in respect of fees, rents or other income are shown as debtors al the amount receivable less provisions for 8ny bad debts. Amounts receivable in more than one year are stated al fair value. Short term deposits include cash held on deposit with either the Central Board of Finance Church of England funds or al the bank. Cash and funds available on dgmand are classified as cash and bank balances. 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Ihl Liabilities Creditors with no slated interest rate and payable within one year are recorded al Irans8Ction price. 11} Operatlng leases Rentals applicable lo operating leases are charged lo the SOFA over the period in which tho cost Is incurred. Ul Reserves 11 Is PCC pollcy lo malntsln a balance on unreslilcted funds Ilf possible). which equates lo 8pproxlm81ely six months, unrestricted payment5. to cover emergency situations that may arise from lime to lime. The balance on the unrestricted general funds al the yaar-ond lexcludlng the BuSldlngs Capllallsallon Reserve) meet thSs target. 11 Ss our pollcy lo invest our funds balances wllh the CBF Church of England Deposll Fund and In other short term deposit accounts. Ik} Golng Concern The PCC Is s8llsfl8d wllh the financial position of the Church and considers that it Is appropriately placed lo manage ils rlsk successfully during the current economic ¢ondillon$. The PCC are closely monitoring the COVID-19 slluation and ils potential financial impact on the Church. The PCC Is satisfied that accounts are prepared on a golng concern basls and Ihls Is sllll consldered approprialo. the PCC considers there lo be adequate resources lor the Church to continue in operational existence for the foreseeable future and that there are sufficlenl funds lo support current and planned aclivilies. Accordlngly,11 continues lo adopt the golng concem ba$1$ In preparlng the accounts. 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. ACCOUNTING POLICIES {cont.I 111 Judgements and key sources of estlmation uncertainty The following judgements {apart from those involving eslimalesl have been made in the process of 2pplying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements= Income is recognised when it is probable that il will be received al the best estimate available e.g. a legacy is based on executors I solicitors estimate. Other income is recognised when any conditions for ils release are met li.e. performancel- Provisions for bad debts are based on past experience and assessment of the amount likely to be received. The key assumptions concerning the future and other key sources of estimation uncertainly al the reporting date that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year include.. Tangible fixed assets. Other than investment properties, tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. Revaluation of investments. The church carries ils investments al fair value. with changes in fair value being recognised in the statement of financial aclivilies. The key assumptions used lo determine the fair value of investments are the open market value where investments are listed or the investment manager's valuation where they are obliged to buy back the investment al the request of the church. 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS. FULHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES (cont.) Im) Financial Instruments Financial instruments such as accounts payables, accounts rèceivables and cash are classified either as basic or complex. All financial instruments are initially measured al their fair valu&s at the lime the transactions occur. Subsequent5y all basic instruments are measured at amortised cost and all complex financial instruments are measured at a fair value through the cornprehensive income. Financial instruments held by the charity are classified as follows Financial assets such as cash are held al cost and receivables are held al amortised costs using the effective interest method. Financial assets such as investments in inome shares are measured al fair value with changes in fair value recognised in profil or loss if the shares are publicly traded or their value can otherwise be measured reliably. Financial liabilities such as payables are held al amortised cost using the effective interest method. {n} Defined Contrlbutlon Pension Plan The employer pays a fixed contribution of 30/0 of the employee's salary into a pension fund for the period that the employee is with the charity. The employee is a required to make a minumim contribution of 50/.. The charity is Ljnder no further obligation to make any extra payments, irrespective of how that pension funds performs. 23
ALLSA114TSPAR15H CHURCH IFULHAMI PmTOTrIEFINANCty4LACIWlllES FOrthearendtd3IstDectMberIozo INCOMERESOURCES Lknrestrirted Funds ReArfrfed Fund5 2020 2019 Voluntarylrbcome Stewardship Incometaxon recoverablewft aid Collection& boxesetc DonatiOll5 Legacie5 Specific colleEtion5tDrCharities 226.928 53.046 11.037 63,742 50,500 226.928 53,046 11,037 63,742 50,500 725 405,978 230,921 68,331 43,789 21,752 725 725 3,843 368,636 405.253 21bl Actlvltlesforseneratingfunds Social Events Tower& B1SFund ra1&nglIVI1ÉS Other Fundraiyng3Ctivitie5 Pryors Bank Wicar8ge Rental Churth Hire Church Hall & Parkin6 3.969 3,969 8,220 112 8,262 7,490 1,700 3.705 3,705 2.450 32,402 42.526 2.45Q 32.402 42.526 108,106 123,890 Incomefrom Investment5 Distributionsfrom CBF Investmwt Fund Intere5ton fvnd50ndep051t 5.778 3,473 9.251 5.778 3.473 9,251 5,071 2,958 8.029 21dl Incomefromchurch A¢tiwties Weddin85, b3Ptisms& lunerals Childr'sgrOUps Muyc Groups 16.003 6.333 2.760 25.096 16.003 6.333 2.760 25,096 6S,365 15,466 7,169 88.000 Orherlncomln8resaurces Sundry 8.419 8.419 8.419 .419 9.796 9,796 TOTAL INCOMING RESCiFRCES 490.545 725 491.270 608,351 24
ALL1115P49I(NKHLNAMj iozo 21J19 31 ChwfhA¢iMu¢5 FAiWtlnarylndCharil¢1r4 5pecifictrdlKtions 24.4•Z 14.481 725 15.207 725 725 3.443 lo.3 24.4•Z kllni#ry tÈ#ntommDThFund iJ4.1 134.1ty) 143.208 Clty8y& pShstlel5 i.olo 29.490 J.725 27.478 195.B73 1.080 19.490 1,293 44.234 4.587 KMESS%udort aTiesS W4 TtstMlnS11ry 27.471 219.789 1$.641 13.622 3.4? 460 16.641 14.449 1.659 3.251 38.040 3.474 460 31.197 Chui<hvwd church< Iincludir4tryniill 41.012 5.451 1.6JJ 2.062 41.062 47.814 25.Q67 FUner•lilrnu(lt¢1 S•nrtu•ry 4.633 1.062 S.240 Jndry 5,704 9,769 1.•27 1.927 2.195 S.005 9.Z49 2.195 9.416 715 Ji•,JJi J9JASO Jrbl A£ll¥t•sfwvn•r•tynifvn•s hUhl¥l 3.716 3.921 31.925 IB.930 9.932 3.911 23,532 11.930 IB.530 &Jndrv To1ChUrchHl $9.710 59.720 56.691 t• R•t•s 31M90 1.6 6.907 31.Bg0 1.659 6.907 5.106 Sundry 41.456 41.456 49.816 I3? 2.039 1,466 77.036 1,483 71.200 7736 Fthl Expwb 34.680 36.457 ndty ZZJA 219.647 cv5tivlpmritln1UntlnE4MWj PlnGInI 78 Qlh Gon¢ts 4.133 TOTALRESWRCESEXPthDEO $45.4 725 546,215 617,408 101,760 101,760 96,103
AuS4fpnpAsHCH1IRcmyAm> PrnTOTI¢EFINANUAtsrATEMENTS FOheWeoed31slDeCth2020 Mlffl151ry rinclorynlstl Total 2020 2019 4(al. srAFFCC6ts Wa8e5& 5alarles Soclal SecurStyCo#s 43.605 3.605 872 64.716 5.310 1.294 108.321 B.515 2.166 94,928 5.333 6.IB7 4B.QB2 ?l.J20 119A02 106W4 DurfnithevearthepJr15hernplayEd4vvwipJrlth rn. NIM1n[SIOr.•th1lor¥etndITrQrPnISt. l o1thO51tlo5ereartt1rnP. ThwearenOplQYeeShVrww1Eplob)lthl5l¢ltsdln¢plOyw755DncD5>Offrnore1hinE6O,ooo110l9..n0rt, Thec1W weTeigrnbur5ede45eS. lnhonor4riurn0113.91N)pv•nnrnW•5pwdIoOPrSSe5wW.l2oI9..ÉJ.91 TheJveraynumbuol6MployeE5rlcul• pTr4fvllrimptyuivlw¢b•Osi$3.6 12019'.3.61 Ilbl OPEPATr LWF5 PmentSunderOp1rO1Ini1Sm1 Curmiiyew ltssthan ly llos 49.340 54.840 S4.880 22.320 22.356 11,178 ThephotocopSeryus bytheP•rf5hOlhCe•releMEdMwopvatlfflilMYeTh551e15e•re5Iwch2O2I. ThtspVrlthh•513yvl•xDTr•prDFtyinPuinyioffideOQdIi1Qnts1beIOXootey,thlsltuevprellnmWCh2o2J. FeesftrrlhdewdiEx•minj0rt 4,080 4,233 FI¥(OWErs ThnObl• L#thDldiO& H4lfiiiinp& tojlldl ulpmèit Flttlnp& Equ1) Prw)rn8ank fitllnp& •e¢omfft. flxture5 To¢ ActuillO••rnedCo# 8alancel.1.2020 dltlons OIsposI5 8alance31.12.2020 984.424 65.591 69.89> 10.391 5.235 1.135.536 984.424 69.893 10.393 5.235 1.135.536 O•prnclitlan Balan¢tl.1.2020 Ch8T8eforihpye¥lwn¢Jid Wlthdiawn ondlsposals Oalance31.11.20ZO 471.490 18.930 65.591 62.453 10.393 5,235 615.162 20,396 490.420 65,591 63,919 10.393 5.235 635.559 N•iBookV41ue 6alancel.1.2020 BalarKe 31.12.2010 512.93 494.004 7.440 S,974 520,374 499.979 Note'.OeprttlatiOnth¥iod Intheaclnts1knl1dw%'. Owrrh Uhre51riCt& Tot 1,466 18.930 18.930 Pryots8ahk Toi 20.396 20,396 Theleèseholdlèndand buildlApcomprisetheChurth Ml.itsÈludihltheYurteSFlat".dwverlIhI Int&theattouDtstr>rthefirSttimein thetalendaryear1997 5a rew1tofknechar4te5I<% I993wdther1l1naVX¢Ount1nIaOdrWrtIOsU1rtrbt$.ThelefrOrn theChurchCornmiSionwslorthebvildln8eKpire51n 2923 lag99 v84rlea¥ew058ranted lffl 19231. The8rwbookv¥ueisbx•Jon thelUe&1m?JbvLhePcCIThJuneIg97lorIn9JrèncepUrymes The<urrwt Inyjred Wofthechrlh Hall 15 ÉIY34906. butthI5ha5noi bIreAKlteS¢XcDUnts Slmilarlythevalueforth•btr4 h41cont1nt¥brtlntQtheothDnijawI997,iSlhelran¢vUeJtthepcCtDdÈrlhthet0hI¢Thtshb@ fullydepretiated. 26
ALLUIN15PAPJSHCHURCTrI(FULHAM IrnTOThEFIF141O4lSTAT8l ¥ortheye¥er4ed31De(eoer2020 51b lfive5trnents(Unrestilctedl 2D20 2019 VluelstJwuJry1020 192.563 162.585 9101.42 IncreIDreaSe)inVVtdurinIheY6V V4ue31StDe£omb•J2020 13.297 20S.860 29.978 192.563 AtIALY5150F14EfASW5BYFUND UN•strfrt•d Restrfcted Funds TOTAL FlxedAsstts CVFrenrAss5 19.774 13.917 13.088 30.603 705.838 576.104 562.IB7 132.758 k.ILS.I93 .6Jo .650 1 139.465 DI8TOP3 UM•iirfrtd Sur A•#dtt•d Tot 2020 201• IncomtTaK Re¢¢Y¥¥bl• Prtyaymonis Othttoebtors 2,960 4,978 11,830 5,425 4.978 4.189 265 165 12.392 1.977 14,369 11.086 1.977 23,063 Intwfvhdoebtors 1.977 14.104 265 IntwhJndOebtois¥tlntve# frO•d h•n•fix•O4#•ofr4>•ynthL SHOATTÉPN DEP05n5 85.1 78.S69 $6J91 86.752 85.940 422.136 90,th)1 78.569 86.291 86,752 89.940 427.S53 89,620 73,028 85,473 85,391 85.349 418.861 TrnJ* 5h4wbrool Bank Rodwood Bank N4tl0nwldeSarY I17 CASM Fund Oramèclub l25.Y7 8,835 IS3.30Z 3.934 167,236 134,182 io. LWPILlnES'.AMCiIPIT5FALI114G DIJEwllHINONEYEaR IU41sand ddvred inc¢me hwcreditors 7n26 12S.752 132.758 7.026 134,731 141.758 718 142.476 6.630 6.630 122.924 140.265 718 140.983 2.370 718 3.088 Inttttund Ctedllt)rs Tot% 132.758 6.630 27
ALLSA1147SPAAISHCHURCMIFULHAM}
P)TESTOThEFINAIKIALsfAYÉMENTS
ForthtnEdj1StDÈCtthÈr1tslo
FUND DEfA115-MOVEMENfsiNYEAR
8thKeit31.12.20
UnresrrfrtedFund5
General Fund
Drwnaclub
cJr'5D15cretlODFuTrd
ryBrewln
343241
3.934
19.782
2A7.094
614.051
489.101
1.103.152
490.545
45.4901
22A64
,9341
311,160
1,277
12,020
13,297
21,059
259.114
591,333
470.171
1.061.504
490.545
(545.4901
18,930
Il8,9301
BullélnB5C4pltallsatlonRe5WVe
490.545
(S4S.490
13.297
ChurchyJfdRexNe
Hall RpOrRe5eTh
LO.964
l8.4th)
29.364
10.964
18.4(
29,364
Totil Vn¥•5trlrtod F¥vd1rF44 Shi
IlJl516
415045
13,197
1.090.868
D•n•red Funds
Brfdp5forRehJ8Ees
6.6JO
6.630
R+til D•lIedFUndWr1• Pthcetheet
6.630
6,630
R•rkt•dFunth
Tower& edisRe5erye
TombRe5toiatlonFund
POJ5soI Fund
PiebHawe5Fund
Wllson GreFund
FhJ51c Fund
L4dyChap4 Ch15rFnrt
FontFund
12.928
12.9Z8
3,300
295
79
71
12.243
2.744
130
1,766
2,911
36,477
295
79
l2.243
2.744
130
1.766
2.921
36.477
QtherRestrlctedfrJnds
72$
71S
(7251
Apwl Fuhd
BdlrlnwsFvnd
5,260
231
S.491
5,260
251
5,491
Tot•1 Restrf(t•dFfidSp•rDKSh•f
4L961
725
Pl5
41.968
Total FundsPerlIn(tSh1ot
491.170
46.215
13.297
1.139.466
General Fuhd
CaFSD15rfEtloDaryFund
Mary BrrwSn
Al >inrsFynJs
Fund5can bev¢$[xferlQn10WppQrtl1lS1nlloroIhW¢h1tsbl¢
ryBrelnsleyrytol Wntsw45fof8 purpox5
Theroty¥tthw•ti•tttlthth¢thYr%th laVul0lI IngJraThEecost.Amnu* DwttlatloDcDsf5aresetoff
•n5t thi5re¥y
RtteTrecrtsiedtocowerm4or
AILYIPll5PAPJSHCHiIACH(FULHAMI IIrnTfiTHEFIKAPKL4LSfATrIEtr4TS FwthoyeTh4od3ljt¢Wlr2o2o 12. ANALY%SL¥cHA1ÉS1N FEfDwr 2019 2020 Shoitand lonÉtttm lOliabIliÈs Cb5h •idshorttwmdewts TO netdthl 86.0971 ($86.Q971 24.362 14362 561.735 13. Theirusttt5nwiher recdvedno1waivedY1tshUt[IidUrIryI¢oOl9..I1 Thecharitydrltsn4EhaanVkryrnWonI Therdmbuisem•)t oftruStQttÉipth$515asloWs'. 2020 NuMb•t 1020 1019 Troy Accommodatlon" Oth 3S4 61.234 l.l49 29890 190 k¢omm¢daiiontxpondlturelsrnjeupolthecutsas%trflatlrh¢¢¥1•ecWLthe1#lie5d1herw1¥OlIvOPtrtyd X50clated utllltlosforiheAiiocixeWcw. Thvowv•no•thttl¥•rpII>75K1hoTh5lDIfveTrw tojl •¥20201201$..n 14. ¢OP1TrOLREiAoNsMIp Thech¥itylsc4ntrolledbvihetiU5teumeetSnÉtOWh•T. LS. FIPI4NCL4L INTrUMÉNTS Thec¥iWniwnountsofth•¢h¥lVsflwtl¥ln5twmeTrtS¥•a5flIXIS'. Flnan£l4 aStsth•gJredl¥r¥4uethrwthproltdlts Flxed wet IlstedlnVtstmts1Thw•5ts1 20S,860 192.563 Flnanc141 •M3rnexuiedCOSt Cash 5hcrtTwrn Dw•¥ts 134.182 427.5S3 167,236 418,861 Flnanclal IslmeSre0 •timortlsedco# Tradedebtois Otherdebtois 1,960 4.4S4 11,830 3,831 77S.009 794.321 FInaN1 Llabllltl•i FInancI LiabilltlSrneJ5ureJat4morlicOSt 7.026 134.731 17,341 121,924 Othw rrEditors Tot4 FIMnCI LknblllE5es 141.758 140.265 29
ALL175pAN$cUR£mIFUlIllM> NofESIOThÉFINANCV4L StATEMENIS FOrtheejed3L$10E¢ter1o2O 16. An¥y55sofGM 2020JWprDved DonionstoCh4rftableWsJons8yMI SntsFulh FulhamGood Nwlhbwrs FulhamFlllldBank Hammetsm1th&Fulh CCfflmunltyd1lel0fkCnpa1v¢ fild$01JaSano TwS10-HopeforOmbabwe St Ohddreda¥Cornmun[tyCareFulh Inlllatib TneBaronCourt Project 8riti5hRed CT0$5-Leb•ionEmvpKy•pè Hammer5Mlth.FUlh MINO 1.100 2.710 1.500 i.ioo 400 soo 500 1.000 2S0 zso 500 gA50 loo loo loo IOD IOD 100 IOD 0d tyoti Foundatir Gla550ooT C¥e4 Cals medicin55$frOTrfhQrs Ilden Tru DrEdwd51 BIthop5KIDI DyTruSE FulhamPalace 8rn Tumor FulhamFC Found4tlon Whs1Or climechtmwdl5 12.052 'The•boveippFoved ywtsdonotlncludeswlfif cc41ouiMsfwofftihttymrDrchIlle5CoEUr1edpIo5ldIn1 Iyh¢htsat Pryor5ainfortheh¢rndes% thttecosts¢ln¢l¥deditl WJit3* 30