2022-12-31-accounts

Contents			Page
Annual Report			1-6
Statement of Parochial	Church	Council Responsibilities	7
Report ofthe Independent Auditors			8-10
Statement ofFinancial	Activities		11
Balance Sheet			12
Cash flow statement			13
Notes to the Financial	Statements		14-23

with the Church	Representation Rules. During	the	year the f	ollowing served as members ofthe
Incumbent	Revd Rupert Charkham
Associate Vicar:	Revd Matthew White
Curate:	Revd Sam Banner
Churchwardens:	David Munns
	iona Thorne (resigned and appointed			as elected member 24 May 2022)
	Ruth Williams (appointed	24 May 2022)
Deanery Synod:	Anneliese Blackwood
Representatives:	Alice Vink
	Ruth Williams (appointed	Church Warden 24 May 2022)
	Ken Wiseman
Elected members:	Lidia Assefaw (appointed	24 May 2022)
	Tola Babatunde (appointed		24 May 2022)
	Marylois Beard
	Helena Boase (appointed	24 May 2022)
	Michael Bradley
	Dominic Brown
	John Cameron (resigned	24	May 2022)
	Felicity Hunt (Hon Treasurer)
	Daniel Jeavons (resigned	24 May 2022)
	Fredrick Meissner (appointed		24 May	2022)
	Matthew Passante (resigned		24 May 2022)
	Rachel Senior (resigned	24	May 2022)
	iona Thorne (appointed 24 May 2022)
	Grace Wort
Secretary;	Ken Wiseman
Electoral Roll
The 2022 Church	Electoral Roll was 195.

					Unrestricted	Unrestricted	Restricted	Restricted	Total
					Funds		Funds		Funds
						f	f	f		f
				Note	2022	2021	2022	2021	2022	2021
Income and
endowments	from
Donations and	legacies			2(a)	589,833	449,073	7,200	22,959	597,033	472,032
Investments				2(b)	112,119	111,128			112,119	111,128
Charitable activities				2(c)	51,216	42,937			51,216	42,937
Furlough payments
claimed				2(d)		15,427				15,427
Total income	and
endowments					753.168	618 565	7,2DD	22,959	76D,368	641,524
Expenditure on
Charitable activities				3(a)	695,464	638,092	11,464	49,301	706,928	687,393
Total expenditure					695,464	638,092	11,464	49,301	706,928	687,393
Net income /
(expenditure)	before
gains / (losses) on
investments					57,704	(19,527)	(4,264)	(26,342)	53,440	(45,869)
Unrealised gain/(loss)			on
investments				6	50,820	253,315			50 820	253315
Net income /					108,524	233,788	(4,264)	(26,342)	104,260	207,446
(expenditure) Transfers between		funds		11	~189		189
Net movement	in funds				108,335	233,788	(4,075)	(26,342)	104,260	207,446
Reconciliation	offunds
Total funds brought
forward					2,533,995	2,300,207	9,013	35,355	2,543,008	2,335,562
Total funds carried
forward					2,642,330	2,533,995	4,938	9,013	2,647,268	2,543,008

				Note	2022	2021
					f	F
Fixed assets
Tangible fixed assets					676,797	682,063
Investinents					1,805,861	1,935,042
					2,482,658	2,617,105
Current assets
Debtors				7	37,650	34,476
Cash at bank and		in	hand	12	314,319	207,123
					351,969	241,599
Creditors:	amounts		falling due within one year	8	147,907	176,244
Net current assets					204,062	65,355
Total assets less		current liabilities			2,686,720	2,682,460
Creditors	falling due		after more than one year		39,452	139,452
Net assets					2,647,268	2,543,008
Funds
Unrestricted				10	2,642,330	2,533,995
Restricted	income			10,11	4,938	9,013
					2,647,268	2,543,008

				2022	2021
Net cash used in operating activities	(see Note i):			(174,962)	(218,756)
Cash flows from investing activities:
Dividends & interest received			12,123		11,128
Lease income			99,996		100,000
Net addition to fixed assets			(9,962)		(10,086)
New investment made
Realisation ofinvestments			180,000
Net addition Ioshare investment
Net cash provided by (used in) investing		activities		282,157	101,042
Change in cash and cash equivalents	during the year			107,196	(117,714)
Cash and cash equivalents at the beginning		ofthe year		207,123	324,837
Cash and cash equivalents at the end of		the year (see	Note ii)	314,319	207,123
Note i - Reconciliation ofnet income	/ (expenditure)
to net cash flow from operating activities
Net income / (expenditure) before gains				53,440	(45,869)
Adjustments for:
Depreciation charges 8 loss on disposal				15,228	11,633
Dividend &interests from investments				(112,119)	(111,128)
(Increase) / decrease in debtors				(3,174)	10,319
Increase / (decrease) in creditors				~128.337	~83,777
Net cash provided by (used in) operating		activities		174,962	218,756
Note ii - Analysis ofcash and cash equivalents
Cash in hand				41,205	55,995
Notice deposits (less than 3months)				273,114	151,128
				314,319	207,123

after 31"December. Movements	during the year w	ere as follows:
Deferred income		2022	2021
			S
Opening balance		240,279	341,060
Rents and other income relating	to current year	(350)	(781)
Rents and other income relating	to future periods
Lease income received
Lease income released		~99,999	~100,000
Closing balance		139,933	240,279

FOR	THE YEAR ENDED 31sr DECE	THE YEAR ENDED 31sr DECE	THE YEAR ENDED 31sr DECE	MBER 2022
2	INCOME AND ENDOWMENTS			FROM
				Unrestricted	Restricted		Total	Total
				Funds	Funds		2022	2021
							F
(a)	Donations and	legacies
	Gift Aid donations			259,633		1,520	261,153	208,334
	Tax recoverable			64,517		380	64,897	52,075
	Church plate collections			1,444			1,444	1,068
	Other donations			264,239		5,300	269,539	210,555
				589,833		7,200	597,033	472,032
(b)	Investments
	Rent - other properties
	Bank interest received			12,123			12,123	11,128
	Lease income			99,996			99,996	100,000
				112,119			112,119	111,128
(c)	Charitable activities
	Rent - St Michael's		Church	42,284			42,284	32,130
	Fees			5,203			5,203	5,865
	Other church activities			3,729			3,729	4,942
				51,216			51,216	42,937
(d)	Furlough payments		claimed					15,427
				753,168		7,200	760,368	641,524
3	EXPENDITURE	ON
				Activities	Grant	Support
				Directly	funding	Costs	Total	Total
				undertaken	(4a &b)	(3d)	2022	2021
				E		E		E
(a)	Charitable activities
	Mission support	and
	outreach				71,764		71,764	104,244
	Ministry:
	Diocesan quota			147,550			147,550	113,858
	Other ministry	costs		59,962		111,844	171,806	153,929
	Church activities			39,335			39,335	33,733
	Other activities	- bookstall,
	groups, etc.			8,784			8,784	8,428
	Church running	expenses				33,337	33,337	29,850
	Church maintenance—
	repairs and renewals					16,861	16,861	79,914
	Management and
	administration					210,879	210,879	158,031
	Governance costs					6,612	6,612	5,406
				255,631	71,764	379,533	706,928	687,393
								Page 17

FOR	THE YEAR ENDED 31sr	DECEMB	ER 2022
4	GRANTS PAYABLE
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds f	Funds f	2022f	2021f
(a)	Grants to institutions
	Abraham's Oasis					1,500
	Besom					3,183
	Grace Church		194	999	1,193
	International Justice Mission		2,000		2,000
	In Deep		1,000		1,000
	LDF Outreach		11,550		11,550	12,600
	London City Mission		2,400	1,000	3,400	2,400
	Mission Aviation Fellowship		3,000	500	3,500	3,500
	Pimlico Foundation		6,000	825	6,825	6,825
	Polish Church re Ukrainian	refugees	2,000		2,000
	Soul Survivor		5,000		5,000
	St Barnabas Homerton		4,700		4,700	3,000
	St Michael's Kilolo School		2,157		2,157	3,240
	The Gate at Westminster		6,000		6,000	6,000
	Westminster Food Bank			3,400	3,400	2,400
	Total grants to institutions		46,001	6,724	52,725	44,648
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2022	2021
(b)	Grants to individuals		f		f	f
	Outreach &poverty relief
	Clergy, ministry &training		13,713	4,430	18,143	40,176
	Other gifts		896		896	19,420
	Total grants to individuals		14,609	4,430	19,039	59,596
	Total grants payable		60,610	11,154	71,764	104,244

			Freehold	Equipment	Fixtures L		Total
			Property f		Fittings f
Cost
At 1 January 2022 Additions Disposals At 31 December 2022			615,776 615,776	100,471 4,048 ~5,232 99,287	94,925 5,980 ~752 100,154	811,172 10,028 ~5.983 815,217
Depreciation
At 1 January 2022 Charge for the year Release re disposals				86,619 6,247 ~5,232	42,491 8,980 ~686	129,110 15,227 ~5,917
At 31 December	2022			87,634	50,785		138,420
Net book value
At 31 December	2022		615,776	11,653	49,368		676,797
9 At 31 December	2021		615,776	13,852	52,434		682,062
The freehold property		is 24 Sullivan Road.
INVESTMENTS
					2022		2021
Freehold
Fair value brought	forward		as at 1 January	2022	1,500,000		1,300,000
Revaluation					100,000		200,000
Fair value carried	forward		as at 31 December 2022		1,600,000		1,500,000
Share investment
Fair value brought	forward		as at 1 January	2022	430,042		376,727
Additions I(disposals) Revaluation		in the year			(180,000) ~49,189		53,315
Fair value carried	forward		as at 31 December 2022		200,862		430,042
Bond
Fair value brought	forward		as at 1 January	2022		5,000	5,000
Additions in the year
Fair value carried	forward		as at 31 December 2022			5,000	5,000
Total investments					1,805,882		1,935,042

DEBTORS								2022f	2021 6
Trade debtors								4,180	1,895
Other debtors								11,821	10,492
Prepayments								21,649	22,089
								37,650	34,476
CREDITORS:	Amounts			falling due	within one year			2022	2021
								6	E
Trade creditors								5,427	3,730
Accruals and deferred				income				137,184	167,375
Payroll taxes due								4,384	4,273
Pension payment		due						912	866
								147,907	176,244
CREDITORS:	Amounts			falling due	after more than one		year	2022	2021
								F.
Deferred income from				Sicily lease	due within two years			39,452	139,452
Deferred income from				Sicily lease	due within three to four years
Grants payable	within		two years
Grants payable	within		three years
								39,452	139,452
ANALYSIS OF NET			ASSETS BETWEEN FUNDS
					Tangible			Other net
					fixed assets	Investments		assets	Total
					F		6
Unrestricted funds					676,797		1,805,861	159,672	2,642,330
Restricted income		funds						4,938	4,938
					676,797		1,805,861	164,610	2,647,268
Comparative	figures			for 2021
Unrestricted funds					682,063		1,935,042	(83,110)	2,533,995
Restricted income		funds						9,013	9,013
					682,063		1,935,042	(74,097)	2,543,008

CASH AT BANK AN	D IN HAND
		2022	2021
		F
National Westminster	-current account	30,869	36,984
Vicar's Discretionary	Account	1,446	1,446
Petty Cash 8 Paypal	account	143	5,614
Barclays - deposit account		6,381	9,378
Barclays - current account		2,366	2,573
CCLA - deposit account		273,114	151,128
		314,319	207,123

The total future minimu	m lease	payments under n	on-cancellable operating le	on-cancellable operating le
			Equipment
			2022	2021
				E
Within one year			116	1,392
Within two to five year				116
			116	1,508
The operating lease charges for the year were:
Hire ofequipment			1,392	1,392
			Property
			2022	2021
			E	E
Within one year			33,538
Within two to five year			134,152
More than five years			276,023
			443,713
The property lease charges for the year were:
Rent paid for property	occupied	by staff	33,177	30,600