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|Trustees'<br>Annual<br>report|Trustees'<br>Annual<br>report||2 —12|
|---|---|---|---|
|Statement ofParochial|Church Council (PCC) responsibilities||13|
|Independent<br>auditor's|report to the PCC ofSt Stephen's|Church||
|Statement ofFinancial|Activities||17|
|Balance Sheet|||18|
|Statement ofcash flows|||19|
|Notes to the accounts|||20-28|





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|Register is next due to be <br>Advisers and Auditors|Register is next due to be <br>Advisers and Auditors|Register is next due to be <br>Advisers and Auditors|reviewed<br>in the second quart|reviewed<br>in the second quart|reviewed<br>in the second quart|er of2022.|||||
|---|---|---|---|---|---|---|---|---|---|---|
|A resolution to re-appoint|||our auditors, MGI Midgley|||Snelling LLP,Ibex|House, Baker|Street, Weybridge,|Surrey, KT13||
|8AH will be|put to the Annual|||Parochial Church Meeting.|||||||
|The Charity's|bankers|and investment<br>managers|||are|CCLA Investment|Management|Ltd, Senator House||85 Queen|
|Victoria Street, London,||EC4V 4ETand Barclays|||Bank PLC, I Churchill||Place, London, E14SHP.||||
|The members|who held|office||from<br>1 January 2021 until the date ofsignature ofthis report and the accounts||||||were:|
|Chair||||Colin Matthews (SC,|||||||
|||||P&S)|||||||
|Clergy||||Rev. Jez Bames (SC,||Rev. Hugo Foxwood (to June|||||
|||||M&M, P&S)||2021)|||||
|||||Rev. Rachel Bedford||Rev. Dave Cokayne (M&M)|||||
|||||(M&M)|||||||
|Wardens||||Colin Matthews||Sarah Gough (SC,FAB,|||||
|||||(SC,P&S)||M&M Chair, P&S)|||||
|Secretary and lay members||||Julie Haworth||Caroline Perry||Nicola Patel (Secretary,|||
|||||(Secretary||(Note-taker,<br>co-opted,||co-opted, non-voting,||SC,|
|||||to June 2021)||M&M)||FAB,P&S (from May|||
|||||||||2021)|||
|Lay readers||||Les Taylor (M&M)||Jo Dixon|||||
|Deanery Synod members||||David Parish||Tony Dixon (FAB)||Anne Warren|||
|||||Mike Wilkinson||Bob Miller (to|May 2021)|Jasmine<br>Morse-Woolford|||
|||||||||(to May 2021)|||
|||||Sandra Jennings||Zac Jopling (M&M)|||||
|Elected lay members||||Jen McCole (P&S||Jeannie Mee||Mike Wainer (FAB)|||
|||||Chair, SC)||(P&S)|||||





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|||Notes|2021|2021|2021|2020|2020|2020|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||Funds|~Ftnds|Funds|Funds|Fends|Funds|
|INCOME FROM:|||||||||
|Donations<br>and legacies|||||||||
|Voluntary<br>Income from|Donors||855,708|29,404|885,112|946,524|6,702|953,226|
|Other voluntary<br>income|||50,000||50,000|21,984||21,984|
||||905,708|29,404|935,112|968,508|6,702|975,210|
|Charitable<br>activities|||91,003||91,003|65,518||65,518|
|Investment<br>income - interest|||67||69|597||599|
|TOTAL INCOME||2|996,778|29,406|1,026,184|1,034,623|6,704|1,041,327|
|EXPENDITURE ON:|||||||||
|Charitable<br>activities|||1,014,962|58,890|1,073,852|914,981|63,305|978,286|
|TOTAL EXPENDITURE||3|1,014,962|58,890|1,073,852|914,981|63,305|978,286|
|Net income/(expenditure)|||(18,184)|(29,484)|(47,668)|119,642|(56,601)|63,041|
|Gross transfers<br>between|funds|12|2,101|2,101||34,992|34,992||
|Net movement<br>in funds|||(20,285)|(27,383)|(47,668)|84,650|(21,609)|63,041|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought<br>forward|||986,445|1,170,043|2,156,488|901,795|1,191,652|2,093,447|
|TOTAL FUNDS CARRIED FORWARD||16|966,160|1,142,660|2,108,820|986,445|1,170,043|2,156„488|





|||||||||BOZO|
|---|---|---|---|---|---|---|---|---|
|||||Notes|g|||g|
|Tangible<br>F12ted asseb||||||1,737,849||1,757,154|
|Current assets|||||||||
|Debtors<br>Cash at bank and in|hand|||10|119„947<br>317,017||52,062<br>391/21||
||||||||443,283||
|Credltotw:<br>falling dne||ivithht|one year|11|~(65,993||~(43.949||
|Net current assets||||||370,971||399,334|
|Net assets less current||liabilities||||2,108,820||2,I56,488|
|Net assets||||||2.108820||2,156,488|
|Reserves|||||||||
|Restricted funds'|||||||||
|Ctossw82y<br>Vicar's discretionary<br>Hardship<br>fund<br>Christchurch<br>Pelthtun|fund|||12<br>1,2<br>12<br>12|1,132,876<br>3,746<br>5,807<br>60||1,162,264<br>1,994<br>5,785||
|C31obal I."ngagement|fund|||12|131||||
|Un& estricted<br>funds".||||||1,142,660||1„170.@3|
|Ctcncrai fund<br>Fixed asset reserve||||13<br>13|361,187<br>401.933||391,555<br>594,890||
|||||||966,160|||
|||||||2,108.820||2,156388|






|||||2021|2020|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||(33,923)|131,389|
|Cash flows from investing|activities|||||
|Purchase offixed assets||||(40,281)|(50,270)|
|Cash flows from financing|activities|||||
|Change<br>in cash and cash equivalents||in the|year|(74,204)|81,119|
|Cash and cash equivalents|at the beginning||ofthe year|391,221|310,102|
|Cash and cash equivalents|at the end|ofthe|year|317,017|391,221|



## 

||||2021|2020|
|---|---|---|---|---|
|Net income/(expenditure)||for the year|(47,668)|63,041|
|Depreciation|||59,586|55,748|
|(Increase)/decrease|in debtors||(67,886)|32,797|
|Increase/(decrease)|in creditors||22,044|(20,198)|
||||(33,923)|131,389|





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|2<br>TOTAL INCOME|||||||||
|---|---|---|---|---|---|---|---|---|
|||||2021|||2020||
||||General|||General|||
||||Unrestricted|Resttdcted|Total|Unrestricted|Restricted|Total|
||||Funds|Funds||Funds|Funds||
|Voluntary income from donors|||||||||
|Regular giving|||585,562||585,562|580,655||580,655|
|Income tax recoverable<br>on standing|orders||125,507||125,507|123,743||123,743|
|Single gifts|||||||||
|direct &via charitable||agencies|118,530|24,730|143,260|196,306|2,096|198,402|
|Income tax recoverable<br>on single gifts|||24,673|4,001|28,674|36,548|120|36,668|
|Collections at all services|||1,436|673|2,109|9,271|4,487|13,758|
||||855,708|29,404|885,112|946,524|6,702|953,226|
|Other voluntary<br>incoming resources|||||||||
|Grant income - COVID-19||||||19,806||19,806|
|Legacies|||50,000||50,000|2,178||2,178|
||||50,000||50,000|21,984||21,984|
|Total Donations<br>and legacies|||905,708|29,404|935,113|968,508|6,702|975,210|
|Activities for generating funds|||||||||
|Crossway &Church lettings|||26,431||26,431|19,435||19,435|
|Property rent|||48,537||48,537|37,204||37,204|
||||74,968||74,968|56,639||56,639|
|Incoming resources from charitable||activities|||||||
|Little Acorns/Refresh|||1,386||1,386|1,899||1,899|
|Income from events<br>(note 7)|||10,291||10,291|3,790||3,790|
|Fees|||4,358||4,358|3,190||3,190|
||||16,035||16,035|8,879||8,879|
|Total resources from charitable|||91,003||91,003|65,517||65,517|
|charitable<br>activities|||||||||
|Inlereslincome|||||||||
|Vicar's discretionary<br>fund|||||2||2|2|
|Unrestricted<br>fund|||67||67|597||597|
|Total investment<br>income|||67|2|69|597|2|599|
|Total incoming<br>resources|||996,778|29,406|1,026,184|1,034,623|6,704|1,041,327|





|3|TOTAL EXPENDITURE|TOTAL EXPENDITURE|TOTAL EXPENDITURE|TOTAL EXPENDITURE|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021|||2020||
||||||General|||General|||
||||||Unrestricted|Restricted|Total|Unrestricted|Restri cted|Total|
||||||Funds|Funds||Funds|Funds||
||||||||g|g|||
|Grants —see note d|||||||||||
|Global engagement|||||19,308|28,500|47,808|21,008|30,215|51,223|
|VK engagement|||||27,645|1,002|28,647|36,818|1,330|38,148|
|Common<br>Fund|—support to other||parishes|in|||||||
|London Diocese|||||85,000||85,000|85,000||85,000|
||||||131,953|29,502|161,455|142,826|31,545|174,371|
|Activities directly relating to the work ofthe church'|||||||||||
|Common<br>Fund|—Parish standard||cost||85,000||85,000|85,000||85,000|
|Additional<br>clergy and parish costs|||||51,404||51,404|71,014|2,372|73,386|
|Children's<br>work|||||71,777||71,777|86,676||86,676|
|Youth work|||||78,371||78,371|57,691||57,691|
|Pastoral|||||43,590||43,590|53,531||53,531|
|Worship|||||32,534||32,534|30,193||30,193|
|Houses: rent, upkeep||&depreciation|||48,470|6,963|55,433|35,330|6,963|42,293|
|Church running|costs &maintenance||||81,247||81,247|75,839||75,839|
|Service fees|||||4,073||4,073|2,532||2,532|
|Fees (CofE)|||||2,433||2,433|1,067||1,067|
|Events expenditure||(note 7)|||10,064||10,064|1,047||1,047|
||||||508,962|6,963|515,925|499,920|9,335|509,255|
|Support costs -|see note 5||||||||||
|Administrative|&support staff||||137,597||137,597|90,190||90,190|
|Communication|and|publicity|||131,317||131,317|62,623||62,623|
|Church office|||||42,294||42,294|58,246||58,246|
|Bank charges|||||515||515|500||500|
|Crossway|||||51,324|22,425|73,749|46,681|22,425|69,106|
|Governance<br>costs - audit and other financial||||fees|11,000||11,000|13,995||13,995|
||||||374,047|22,425|396,472|272,234|22,425|294,659|
|Total cost ofcharitable<br>activities|||||1,014,962|58,890|1,073,852|914,981|63,305|978,286|





|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Global|UK||Global|UK||
||||||Engagement<br>f|engagement|Total<br>g|Engagement<br>L|engagement|Total<br>g|
|Toinstitutions|||||||||||
|Radstock Ministries|(Paul|||Williams)|3,938||3,938|3,938||3,938|
|Operation<br>Mobilisation|||UK (Johnsons)|||||1,800||1,800|
|CPAS||||||3,000|3,000||3,000|3,000|
|Crossway<br>Pregnancy||Crisis Centre||||6,200|6,200||6,200|6,200|
|St Stephen's<br>School||||||6,800|6,800||6,800|6,800|
|Crosslight||||||3,000|3,000||13,500|13,500|
|St Peters Church||||||4,500|4,500||||
|StMarys and St Albans|||-|Activate||3,000|3,000||||
|Athooch Diocese Sudan||||||||1,331||1,331|
|StPauls Hounslow|West Food Bank||||||||6,667|6,667|
|1 (2020:3)grants less||than 61,000||||500|500||600|600|
|~Gii<br>i ~ *I|||||||||||
|Tearfund|||||8,000||8,000|8,294||8,294|
|SOMA|||||5,000||5,000|5,295||5,295|
|ASHA|||||15,500||15,500|15,295||15,295|
|From Christmas<br>collection|||||||||||
|Resurgo SPEAR|||||||||240|240|
|Toindividuals:|||||||||||
|Bob&Becky Faber|||||7,350||7,350|7,350||7,350|
|Richard Gordon-Smith|||||7,660||7,660|7,560||7,560|
|7(2020:5)grants less||than L1,500|||360|1,647|2,007|360|1,141|1,501|
|Total|||||47,808|28,647|76,455|51,223|38,148|89,371|
|To the Diocese ofLondon|||||||||||
|Common<br>Fund —support||||to other parishes||85,000|85,000||85,000|85,000|
|Total|||||47,808|113,647|161,455|51,223|123,148|174,371|
|Being:|||||||||||
|Unrestricted<br>Fund|||||19,308|112,645|131,953|21,008|121,818|142,826|
|Restricted<br>Funds|||||28,500|1,002|29,502|30,215|1,330|31,545|
||||||47,808|113,647|161,455|51,223|123,148|174,371|





## 

|||||||||||||Basis of|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Children<br>f|Youth|Pastoral|Worship<br>f||Events<br>f|Property<br>f|Total<br>f|allocation<br>f|
|Administration|and support|||44,031|34,399|16,512|16,512||15,136|11,008|137,597|Usage|
|Communication|and|publicity||39,395|39,395|13,132|26,263||13,132||131,317|Usage|
|Church office||||8,459|12,688|6,344|2,|115|4,229|8,459|42,294|Usage|
|Bank charges||||103|103|103||103|103||515|Usage|
|Crossway||||14,750||7,375|14,750||36,875||73,749|Usage|
|Governance<br>costs||||3,520|2,750|1,320|1,320||1,209|880|11,000|Usage|
|||||110+58|89,336|44,785|61,063||70,683|20,347|396,472||
|6Resources|expended||include||||||||||
|||||||||||2021f|2020||
|Diocesan Common||Fund|||||||||||
|-Parish standard||cost||||||||85,000|85,000||
|- Support to|other|parishes||in London Diocese||||||85,000|85,000||
|||||||||||170,000|170,000||
|Auditors'<br>remuneration||||||||||6,000|6,000||
|Other services payable to auditors||||||||||5,000|3,312||
|Total auditor|expenses|||||||||11,000|9,312||



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|9Tangible fixed assets|9Tangible fixed assets|||Freehold|land|Plant and|Total|
|---|---|---|---|---|---|---|---|
|||||&buildings||equipment||
|Cost or valuation||||||||
|At beginning ofyear||||2,619,361||335,778|2,955,139|
|Additions||||||40,281|40,281|
|Disposals||||||||
|At end ofyear||||2,619,361||376,059|2,995,420|
|Depreciation||||||||
|At beginning ofyear||||908,119||289,866|1,197,985|
|Disposals||||||||
|Charged<br>in year||||41,423||18,163|59,586|
|At end ofyear||||949,542||308,029|1,257,571|
|Net book value||||||||
|At 31December 2021||||I 669|819|68 030|1737849|
|At 31December 2020||||I 711|242|45 912|I 757 154|
|Land and buildings||||||2021|2020|
|At Cost||||||||
|Church Office, 30Crown||Road||||197,343|197,343|
|Two residential<br>properties,||Richmond|Road|||457,303|457,303|
|Church Hall, Crossway||||||1,370,328|1,370,328|
|Two other residential|properties|||||594,387|594,387|
|||||||2619361|2619361|



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|10Debtors|||||
|---|---|---|---|---|
||||2021|2020|
|Income tax recoverable|||99,538|39,209|
|Other debtors|||9,573|10,208|
|Prepayments|and accrued|income|10,836|2,645|
||||119,947|52,062|
|11Creditors|due within|one year|||
||||2021|2020|
|Other creditors|||9,043|15,900|
|Social security and other||taxes|8,336|7,134|
|Accruals<br>and|deferred income||48,614|20,915|
||||65,993|43,949|






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|||Vicar's|Christ-|Global||||
|---|---|---|---|---|---|---|---|
||Crossway|fund|church|engagement|Special|Unrestricted|Total|
||||Feltham|fund|collections|||
|As at 31December 2021||||||||
|Cash at bank and in hand||3,746|||5,807|307,464|317,017|
|Debtors|||60|1,994||117,893|119,947|
|||3,746|60|1,994|5,807|425,357|436,964|
|Current creditors||||(1,823)||(64,170)|(65,993)|
|Net current assets||3,746|60|171|5,807|361,187|370,971|
|Fixed assets|1,132,876|||||604,973|1,737,849|
||1132 8'76|3746|60|171|5 807|966 160|2 108820|
|As at 31December 2020||||||||
|Cash at bank and in hand||1,994||821|5,885|382,522|391,222|
|Debtors||||63|25|51,974|52,062|
|||1,994||884|5,910|434,496|443,283|
|Current creditors||||(884)|125)|(42,940)|(43,949)|
|Net current assets||1,994|||5,785|391,555|399,334|
|Fixed assets|1,162,264|||||594,890|1,757,154|
||1 162264|1 994|||5 785|986445|2,156,488|