OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

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

Charity Name Name Parochial
Church
Council		 Parochial
Church
Council		 ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields ofSt Giles-In-The-Fields
Principal Address ScGiles-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 of St Giles in the Fields has
the responsibility
of cooperating		 with the Incumbent
of St Giles,
in promoting		 in the ec«lesiastical parish
the
whole
mission		 of the church,
pasmral,
evangelistic,
social and		 ecumenical.
Members ofthe PCC PCC members
who served		 during 2022 or were
serving at the date this reporc was approved were:
Clergy The Revd T Sander (Reccor)
The Revd C Smaling
(Assistant
Priest)
Wardens Ms C Campbell
Mr O Flory
Deanery Synod Representative Mr Zi Ken Toh
Elected members Mr H Amos
Mr W Grundy
Mr D Jessop
Mr T Dowse Appointed I Oe April 2022
Ms L Macdonald
Mr A Capon Appointed I Oe April 2022
Dr W James
Mr R Throw Resigned 10'"April 2022
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		 signigcant authority or responsibility in the day-to-day
running
ofthe charity,		 are the members
ofthe PCC
Bankers The Co-operative
Bank pic
PO Box 250
Delf House
Southway,
Skelmersdale		 WN8 6WT
Independent Examiner R Billinghurst
FCA
Knox Cropper
LLP
Chartered
Accountants
65 Leadenhall
Street
London
EC3A 2AD

Unrestricted Restricted Unrestricted Restricted
Funds Funds Total Funds Funds Total
Note 2022 2022 2022 2021 2021 202 I
6 6 6
Income from:
2
Donations
and legacies		 242,478 6,047 248,525 34,239 8,542 42,781
Charitable
activities		 450 450 782 782
Other trading
activities		 51,858 51,858 35,873 35,873
Investments 4,860 4,860 4,041 4,041
Total Income 299,646 6,047 305,693 74,935 8,542 83,477
Expenditure
on:
Raising funds
3		 11,213 11,213 8,578 8,578
Charitable
activities
4		 288,014 6,456 294,470 253,462 1,882 255,344
Total expenditure 299,227 6,456 305,683 262,040 1,882 263,922
Net gains/(losses)
on investments		 (27,917) (27,911) 25,115 25,115
Net (Expenditure)/income (27,498) (409) (21,907) (I61,990) 6,660 (155,330)
Transfers
between
funds		 1,888 (1,888)
Other recognised
gains and losses
Net movement
in funds		 (27,498) (409) (27,907) (160,102) 4,772 (I55,330)
Total funds brought forward 294,597 7,162 301,759 454,699 2,390 457,089
Total funds carried forward 267,099 6,753 273,852 294,597 7,162 301,759

Unrestricted Restricted
Funds Funds Total Total
Note 2022 2022 2022 2021
6 6 6
Fixed Assets
Tangible Assets 5 960 960 514
Invesunents 6 238,988 238,988 263,860
239,948 239,948 264,374
Current Assets
Debtors 7 11,889 11,889 6,807
Cash At Bank And In Hand 81,980 6,753 88,733 89,176
93,869 6,753 100,622 95,983
Creditors - Amounts Falling Due
Within One Year 8 (66,718) (66,718) (58,598)
Net Current Assets 27,151 6,753 33,904 37,385
Net Assets 267,099 6,753 273,852 301,759
Represented By:
Restricted
Funds		 9 6,753 6,753 7,162
Unrestricted
Income Funds		 10 267,099 267,099 294,597
Tonal Funds 267,099 6,753 273,852 301,759

Unrestricted Restricted
Funds Funds Total Total
2022 2022 2022 2021
6 6
Donations a legacies
Planned giving 8,162 8,162 8,648
Collecdons 8 donations 19,486 2,406 21,892 17,308
Income iax reclaimed 3,636 3,636 3,587
Legacies 5,001
Grants 211,194 3,641 214,835 8,237
242,478 6,047 248,525 42,781
Charitable activities
Fee income (net) 782
Musician/Organist 450 450
450 450 782
Other trading income
Letdngs income 51,858 51,858 35,873
Investments
Dividends 4,825 4,825 4,041
Interest Received 35 35
4,860 4,860 4,041
299,646 6,047 305,693 83,477
3.Expenditure on Raising Funds
Unrestricted Restricted
Funds Funds Total Total
2022 2022 2022 2021
6 6 6
Investment
management		 fees 2,454 2,454 2,051
Publicity 1,430 1,430 3,705
Legal & professional fees 7,279 7,279 2,789
Collecting agent fees 50 50 33
8,578

Unrestricted Restricted
Funds Funds Total Total
2022 2022 2022 2021
6 6 6 6
Provision of Clergy (including Common Fund) 86,565 86,565 80,143
Church life &outreach 58,144 58,144 52,370
Gifts &grants (see note 4a) 1,242 1,714 2,956 594
Office costs 78,657 78.657 59,919
Provision ofChurch building, facilities & equipment 59,146 4,742 63,888 58,558
Governance 4,260 4,260 3,760
288,014 6,456 294,470 255,344
4a Gifts & Grants
Gifts and grants included within Expenditure on Charitable Activities
are as		 follows:
Unrestncted Restricted
Funds Funds Total Total
2022 2022 2022 2021
6 6
Gifts &grants to:
Organisations 842 1,714 2,556 594
Individuals 400 400
1242 1,714 2,956 594
4b Staff Costs
Included within expenditure on charitable activities are the following
staff costs:
2022 2021
6 6
Wages and salaries 54,996 40,431
Social security costs 4,922 3,152
Employer allowance (4,922) (3,152)
Pension costs 1,894 1,067
56,890 41,498
Of which the following relate to Key Management Personnel:
Wages and salaries
Pension costs

5.Tangible Fixed A s sets
Fixtures,
fittings
gi
equipment
Cost
Brought forward at I January 2022 648
Additions 642
Disposals
At 31 December 2022 1,290
Depreciation
Brought forward at I January 2022 134
Charge for Year 196
Disposa la
At 31 December 2022 330
Net Book Value
At 31 December 2022 960
At 31 December 2021 514
6.Fixed Asset Investments
2022 2021
6 6
Market Value —quoted investments
At
I January		 263,860 236,736
Additions
at «ost		 20,479 9,683
Sale proceeds (17,434) (7,674)
Net gain/(loss)
on revaluation		 (27,917) 25,115
At 31 December 238,988 263,860
Market Value represented by investments in:
Fixed Interest 45,812 50,001
Equities 143,664 164,005
Emerging
Economies		 4,452 5,178
UK Property 10,149 12,987
Alternative
Assets		 34,911 31,689
At 31 December 238,988 263,860
Cost- represented by investments in:
Fixed Interest 52,478 48,287
Equities 108,517 110,707
Emerging
Economies		 4,022 4,022
UK Property 11,288 11,288
Alternative
Assets		 29,511 27,943
At 31 December 205,816 202,247

2022 2021
Income tax recoverable 7,223 3,587
Leuings receivable 4,666 3,220
Other debtors
11,889 6,807

At
I		 At 31
9b:Prior Year January Gains/ December
2021 Income Expenditure Transfers (losses) 2021
E E E E E E
Special collections 1,888 (1,888)
American
Church		 156 156
Bishop of London Fund 235 235
Bishops Lent Appeal 126 126
Leaving collection 150 150
Showerbox 3,000 (1,882) 1,118
West London
Mission		 376 376
Windows 5,001 5,001
2,390 8,542 (1,882) (1,888) 7,162

IO. Unrestricted
F		 IO. Unrestricted
F		 u nds
10a:Current Year At
I		 At 3I
January Gains/ December
2022 Income Expenditure Transfers (losses) 2022
E E E
General
fund		 149,577 298,618 (298,385) (27,917) 121,893
Designated: Reserves fund 137,520 137,520
Designated: Mission Work fund 7,500 7,500
Designated: Christian Aid 126 (126)
Designated: Leprosy Mission 491 (491)
Designated: Royal Agricultural
Benevolent
Fund		 225 (225)
Designated: The Halo Trust 186 186
294,597 299,646 (299,227) (27,917) 267,099