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|||INDEX||
|---|---|---|---|
||||Page|
|Trustees'
Report|||1-8|
|Independent
Examiner's||Report||
|Statement of Financial||Activities|10|
|Balance Sheet||||
|Notes to the Financial|Statements||12- 19|
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|PCC members|who|have served from 1st jan|uary 202|0 until the|date this|
|---|---|---|---|---|---|
|Incumbent:||||||
||The Revd Henry Everett||Chairman|||
|Wardens:||||||
|||Virginia Ashton||||
|||Lesley Chakravorty|Treasurer|||
|Representative|on|the Deanery Synod:||||
|||Cassandra
Isaac|(until|2% October|2020)|
|||Jonathan
Porter|(from|29ih October 2020)||
|Elected members:||||||
|||Carolyn
Barker-Mill||||
|||Nicky Chakravorty|Vice|Chairman,|Secretary|
|||Cathy Duckett||||
|||Nina Irwin||||
|||Nicholas
Kaye||||
|||Sarah O'Kane|(until|29th October 2020)||
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|||FOR THE Y|EAR ENDED|1~ DECEMBER 2020|1~ DECEMBER 2020|||
|---|---|---|---|---|---|---|---|
|||||2020|||2019|
|||Notes|Unrestricted|Restricted|Endowment|TOTAL|TOTAL|
|||||E|||E|
|INCOME AND|ENDOWMENTS|FROM:||||||
|Donations|and legacies|4|8,502|282,658||291,160|1,828,647|
|Charitable|activities|4a)|15,512|||15,512|7,679|
|Investments||4b)|929|||929|925|
|Total:|||24,943|282,658||307,601|1,837,251|
|EXPENDITURE|ON:|||||||
|Raising funds||5||17,255||17,255|33,687|
|Charitable|activities|sa)|19,239|326,067||345,306|1,562,719|
|Other||5b)|500|2,800||3,300|5,580|
|Total:|||19,739|346,122||365,861|1,601,986|
|Net income/(expenditure)|||5,204|(63,464)||(58,260)|235,265|
|Other recognised
gains/(losses):||||||||
|Gains/(losses)|on|||||||
|revaluation|of investments|||||||
||||||1,944|1,944|4,381|
|Net movement|in funds||5,2G4|(63,434)|1,944|(56,316)|239,646|
|Reconciliation|of funds|||||||
|Total funds brought
forward|||43,938|516,627|35,016|595,581|355,935|
|Total funds carried forward|||49,142|453,163|36,960|539,265|595,581|
|||||PAROCHIAL|CHURCH|COUNCIL OF|||
|---|---|---|---|---|---|---|---|---|
|||||.MARY MAGDALENE||PADDINGTON|||
|||||BALANCE SHEET|||||
|||||AS AT 31M DECEMBER 2020|||||
|||||Note||2020||2019|
|||||||||E|
|FIXED ASSETS|||||||||
|Quoted Investments||||||36,960||35,016|
|CURRENT ASSETS|||||||||
|Debtors|||||219,479||399,978||
|Cash at bank|and||in hand||325,126||213,182||
||||||544,605||613,160||
|CREDITORS:|||||||||
|Amount
falling||due within one year||9|(42,300)||(52,595)||
|NET CURRENT||ASSETS||||502,305||560,565|
|NET ASSETS||||||539,265||595,581|
|Represented|by||||||||
|UNRESTRICTED FUNDS||||||49,142||43,938|
|RESTRICTED|FUNDS|||10||453,163||515,627|
|ENDOWMENT||FUNDS||||36,960||35,016|
|TOTAL FUNDS||||||539,265||595,581|
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||Donations
and l|e|gacies||||||
|---|---|---|---|---|---|---|---|---|
|||||||2020||2019|
||||||Unrestrictedf|Restrictedf|TOTAL|TOTALf|
||Planned
giving||||3,028||3,028|3,065|
||Income tax receivable thereon||||464||464|363|
||Collections
and other giving||||995||995|2,685|
||||||4,487||4,487|6,113|
||Donations
and legacies||||||||
||Heritage
Lottery||Fund|||67,958|67,958|727,511|
||Westminster
City||Council|||||419,000|
||Listed Places of|Worship||(VAT recoverable)||||162,947|
||The Diocese of London|||||28,836|28,836|20,000|
||Other donations|||||25,776|25,776||
||Trusts/Charitable||Foundations|||125,826|125,826|271,270|
||Private donations||||4,015|34,262|38,277|221,806|
||||||4,015|282,658|286,673|1,822,534|
||Total donations|and legacies|||8,502|282,658|291,160|1,828,647|
|4a).|Charitable
activities||||||||
|||||||2020||2019|
||||||Unrestricted|Restricted|TOTAL|TOTAL|
||Miscellaneous||||7,781||7,781||
||Fees||||1||1|627|
||Use of Church Centre||||7,730||7,730|6,170|
||Fundrai sing/Community|||Activities||||882|
||||||15,512||15,512|7,679|
|4b).|Investments||||||||
||Dividends
and Interest||||929||929|925|
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||Raising funds|||||
|---|---|---|---|---|---|
||||2020||2019|
||Unrestricted||Restricted|TOTAL|TOTAL|
||Fundraising
activities||17,255|17,255|33,687|
||||17,255|17,255|33,687|
|5a).|Charitable
activities|||||
||Activities
directly related to the Church (see below)|9,715||9,715|8,647|
||Expenditure
related to the Church (see below)|6,928|325,993|332,921|1,551,104|
||Administrative
costs (see below)|2,596|74|2,670|2,968|
|||19,239|326,067|345,306|1,562,719|
||Activities directly related to the work ofthe Church|||||
||Diocesan
Parish Share|6,500||6,500|6,000|
||Organist|2,255||2,255|1,810|
||Cost of Services|398||398|437|
||Community/Ministry|562||562|400|
|||9,715||9,715|8,647|
||Expenditure
related to the Church|||||
||Insurance|534||534|11,569|
||Church
Running
Expenses||||1,473|
||Organ Repairs/Service|1,394||1,394|2.223|
||Project Expenditure|5,000|325,993|330,993|1,535,839|
|||6,928|325,993|332,921|1,551,104|
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|Sa). Charitable
activities (con|tin|ued)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2020||||2019|
|Administrative
costs||||||Unrestricted||Restricted|||TOTAL|TOTAL|
||||||||E|||||E|
|Bank charges|||||||||74||74|74|
|Office Expenditure||||||1,442|||||1,442|1,773|
|Vicarage expenses||||||1,154|||||1,154|1,121|
|||||||2,596|||||2,670|2,968|
|5b). Other|||||||||||||
|Independent
audit fee||||||||||||5,580|
|Independent
examiner's||fee||||||2,800|||3,300||
|||||||500||2,800|||3,300|5,580|
|6. FIXED ASSET INVESTMENT|||||||||||||
|St Martha's
Hall Trust.|||||||||||2020f|2019|
|Quoted Investments|||||||||||||
|Market value at 1stjanuary|||2019||||||||28,800|24,827|
|Unrealised
Gains/(Losses)|||||||||||1,944|(408)|
|Market Value at 31st December||||2019|||||||30,744|24,419|
|Cash Deposit Balance|||||||||||6,216|6,216|
||||||||||||36,960|35,016|
|Investments
at the year-end|||comprise||f36,960at market value|||in St Martha's|||Hall Trust.||
|The St Martha's
Hall Trust investment|||||is held|at CBFChurch|of|England|Investment
Fund.|||Only the|
|interest from the investment|||is|available to the PCC, the capital||||remaining||intact.|||
|7. DEBTORS|||||||||||2020|2019|
|||||||||||||E|
|Sundry
Debtors|||||||||||7,927|7,463|
|Other debtors|||||||||||211,552|294,943|
|Grants and donations|receivable|||re Project||||||||77,032|
|VAT recoverable||||||||||||20,540|
||||||||||||219,479|399,978|
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|8. CASH AT BAN|K AND IN HAND|||
|---|---|---|---|
|||2020|2019|
||||f|
|CAF Bank|Limited|257,810|147,641|
|HSBC UK|pic|67,316|65,541|
|||325,126|213,182|
|9.CREDITORS:||||
|Amounts|falling due within one year|||
|Accruals||3,300|5,580|
|Other creditors||39,000|47,015|
|||42,300|52,595|
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||||||project|||
|---|---|---|---|---|---|---|---|
||||||Fund|Other|Total|
||||||f|f||
|Balance at|1st|January 2020|||478,944|37,683|516,627|
|Income|||||282,416|242|282,658|
|Expenditure|||||(345,880)|(242)|(346,122)|
|Transfer (to)/from|||unrestricted|funds|11,821|(11,821)|(-)|
|Balance at|31st December 2020||||427,301|25,862|453,163|
|11.ENDOWMENT|FUNDS|||||||
|||||||2020|2019|
|||||||f|f|
|Balance at|1st|January 2020||||35,016|30,635|
|Gains/(losses)||on investment||assets||1,944|4,381|
|Balance at|31st December 2020|||||36,960|35,016|
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|SETS BEIWEEN FUNDS|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||Fund|Fund|Fund||
|Fixed Assets Investments|||36,960|36,960|
|Debtors|7,927|211,552||219,479|
|Cash at bank and in hand|41,715|283,411||325,126|
|Creditors|(500)|(41,800)||(42,300)|
||49,142|453,163|36,960|539,265|
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