2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Giles In The Fields London

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				Page
Legal and administrative			information
Report ofthe	Parochial		Church Council
Independent	Examiner's		report to the Parochial Church Council
Statement offinancial		activities
Balance sheet				IO
Notes tothe	financial statements

Charity	Name	Name	Parochial Church Council Of	Parochial Church Council Of	Parochial Church Council Of	Parochial Church Council Of	St	St	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields	Giles-In-The-Fields
Principal	Address		St. Giles-in-the-Fields,	60St		Giles				High			Street,		London WC2H BLG
Charity	Registration		1130800.The PCC was		registered						with		the Charity					Commission			in	July 2009.
Governing		Document	Parochial Church Council				Powers						Measure			(1956)			as	amended			and Church
			Representation Rules.
Objectives			Parochial Church Council ofSt					Giles in					the	Fields		has		the	responsibility				ofcooperating
			with the Incumbent of		St Giles,					in	promoting				in		the ecclesiastical					parish the whole
			mission ofthe church,	pastoral,					evangelisdc,					social			and ecumenical.
Members ofthe PCC			PCC members who served			during				2021 or				were		serving			at	the date		this report was
			approved were:
Clergy			The Revd TSander(Rector)
			The Revd C Smaling (Assistant					Priest)
Wardens			DrWJames Mr0 Flory
Deanery	Synod Representative		Mr Zi Ken Toh
Elected members			Mr H Amos
			Mr W Grundy
			Mr DJessop
			Ms CJones
			Ms L Macdonald
			Mr RThrow
Key Management			Those in charge of planning,			directing,						controlling,					running		and operating the Charity,
Personnel			including those members		of	staff			who are the senior									management			personnel to whom
			the trustees have delegated			significant							authority				or	responsibility				in	the day-to-day
			running ofthe charity,	are the			members						of	the	PCC
Bankers			The Co-operative Bank		pic
			PO Box250
			Delf House
			Southway, Skelmersdale		WNB			6WT
Independent		Examiner	R Billinghurst FCA
			Knox Cropper LLP
			Chartered Accountants
			65 Leadenhall Street
			London EC3A 2AD
Architect			Sarah Khan RIBA CA MArch			BArch
			Roger Mears Architects		LLP
			2 Compton Terrace
			London Nl 2UN

At 31 December	2021	the church had net free reserves of6294,597(	2020:i6454,699)as follows:
			202 I	2020
Total reserves			301,759	457,089
Less: restricted	funds		(7,162)	(2,390)
			(514)
Free reserves			294,083	454,699
Free reserves	requirement:
6 month's budgeted		routine expenditure	130,000	130,000

		Unrestricted	Restricted		Unrestricted	Restncted
		Funds	Funds	Total	Funds	Funds	Total
	Note	2021	2021	2021	2020	2020	2020
		6				6	6
Income from:	2
Donations and legacies		34,239	8,542	42,781	34,920	502	35,422
Charitable activities		782		782
Other trading activities		35,873		35,873	18,259		18,259
Investments		4,041		4,041	6,564		6,564
Total Income		74,935	8,542	83,477	59,743	502	60,245
Expenditure on:
Raising funds	3	8,578		8,578	10,307		10,307
Charitable activities	4	253,462	1,882	255,344	247,229		247,229
Total expenditure		262,040	1,882	263,922	257,536		257,536
Nst gains/(losses) on investments		25,115		25,115	(1,161)		(1,161)
Net income		(161,990)	6,660	(155,330)	(198,954)	502	(198,452)
Transfers between	funds	1,888	(1,888)
Other recognised gains and losses
Net movement in funds		(160,102)	4,772	(155,330)	(198,954)	502	(198,452)
Total funds brought forward		454,699	2,390	457,089	653,653	1,888	655,541
Total funds carried forward		294,597	7,162	301,759	454,699	2,390	457,089

					Unrestricted	Restricted
					Funds	Funds	Total	Total
				Note	2021	2021	2021	2020
					6			6
Fixed Assets
Tangible Assets				5	514		514
Investments				6	273,494		273,494	246,389
					274,008		274,008	246.389
Current Assets
Stock
Debtors					6,807		6,807	4,099
Cash At Bank And		In Hand			72,380	7,162	79,542	272,225
					79,187	7,162	86,349	276,324
Creditors - Amounts			Falling Due
Within One	Year			8	(58,598)		(58,598)	(65,624)
Net Current	Assets				20,589	7,162	27,751	210,700
Net Assets					294,597	7,162	301,759	457,089
Represented	By:
Restricted Funds				9		7,162	7,162	2,390
Unrestricted Income Funds				10	294,597		294,597	454,699
Total Funds					294,597	7,162	301,759	4571089

2.Income
									Unrestricted	Restricted
									Funds	Funds	Total	Total
									2021	2021	2021	2020
									6	6		6
Donations		&legacies
Planned giving									8,648		8,648	4,400
Cogecdons	8 donations								16,767	541	17,308	12,852
Income tsx	reclaimed								3,587		3,587	1,313
Legacies										5,001	5,001
Grants									5,237	3,000	8,237	16,857
									34,239	8,542	42,781	35,422
Charitable		activities
Fee income		(net)							782		782
Other trading			income
Lettings income									35,873		35,873	18,259
Investments
Dividends									4,041		4,041	6,564
									74,935	8,542	83,477	60,245
3.Expenditure			on	Raising		Funds
									Unrestricted	Restricted
									Funds	Funds	Total	Total
									2021	2021	2021	2020
										6		6
Investment	management				fees				2,051		2,051	7,579
Publicity									3,705		3,705	2,728
Legal & professional				fees					2,789		2,789
Collecting agent			fees						33		33
									8,578		8,578	10,307
4.Expenditure			on	Charitable			Activities
									Unrestricted	Restricted
									Funds	Funds	Total	Total
									2021	2021	2021	2020
									6	6	6	6
Provision of		Clergy (including				Common		Fund)	80,143		80,143	79,806
Church life	&outreach								52,370		52,370	30,723
Gifts &grants (see note 4a)									594		594	1,284
Oigce costs									59,919		59,919	62,373
Provision of		Church		building,		facilities B		equipment	56,676	1,882	58,558	70,093
Governance									3,760		3,760	2,950
									253,462	1,882	255,344	247,229

	Unrestricted	Restricted
	Funds	Funds	Total	Total
	2021	2021	2021	2020
	6	6		f.
Gifts &grants to:
Organisations	594		594	1,284
Individuals
	594		594	1,284

Included	within expenditure on charitable activities	are the following staff cos	ts:
			2021	2020
			6	6
Wages and salaries			40,431	36,369
Social security costs			3,152	2,931
Employer	allowance		(3,152)	(2,931)
Pension costs			1,067	1,338
			41,498	37&707
Ofwhich	the following relate to Key Management	Personnel:
Wages	and salaries
Pension	costs
			41,498	37,707

				Fixtures,
				fittings a
				equipment
				f,
Cost
	Brought forward	at	I January 2021
	Additions
	Disposals
	At 31 December	2021
Depreciation
	Brought forward	at	I January 2021
	Charge for Year			134
	Disposals
	At 31 December	2021		134
Net BookValue
	At 31 December	2021		514
	At 31 December	2020
6.Fixed Asset Investments
				2021	2020
				6	6
Market Value- quoted investments
At	I January			236,736	670,242
Additions at cost				9,683	63,461
Sale proceeds				(7,674)	(495,806)
Net	gain/(loss) on revaluation			25,115	1,161
Quoted investments		ot 3I December		263,860	236,736
Investment manager		capital account		9,634	9,653
At	31 December			273494	246,389
Cost- quoted investments				202,247	197 166

		2021	2020
		6	6
Prepayments			1,442
Income	tax recoverable	3,587
Lettings	receivable	3,220
Other	debtors		2,657
		6,807	4,099

10.Unrestricted Funds	10.Unrestricted Funds
IOa: Current Year		At I					At 31
		January				Gains/	December
		2021	Income	Expenditure	Transfers	(losses)	202I
		E	E	E	E	E	E
General fund		309,679	74,935	(262,040)	1,888	25,115	149,577
Designated:	Reserves fund	137,520					137,520
Designated:	Mission Work fund	7,500					7,500
		454,699	74,935	(262,040)	1,888	25,115	294,597
IOb: Prior Year		At I					At 31
		January				Gains/	December
		2020	Income	Expenditure	Transfers	(losses)	2020
		E	E	E	E		f.
General fund		508,463	59,743	(257,536)	170	(1,161)	309,679
Designated:	Reserves fund	137,690			(170)		137,520
Designated:	Mission Work fund	7,500					7,500
		653,653	59,743	(257,536)		(1,161)	454,699

										I	2020
										E	E
Not	later	than	one	year
Later	than	one	year	and	not	later	than	five	years