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2020-12-31-accounts

the Parochia the Parochia l
Church C		 ouncil.
The		 m e mbers ofth e S t Mary Abbots PCC are:
EXOFFICIO NENBERSr
Clergy The Revd Emma Dinwiddy Smith Vicar ft Cltsir
The Revd Alice Ormondroyd Aaaiatatt
Curate
Churchwardens Edward Warrick Vice-Chairman
Guy Hasid
Deanery Synod Peter Darrell
Representatives David Shaw
David Wilkinson
James Dunford Wood
ELECTED NENBERSr Dania El-Kadi
Andrew
Giblin
Nigel Grieve
AlexanderJueguen Saleguarding
Officer
Margaret
Lane
David Peerless Hon. Treasurer
Emma Porleous PCC &Stewardship Secretary
Laura Sylvester
Patricia Wilson
Th e Church retains the following professionals
Bankers National Westminster Bank pic
Royal Garden Branch, 55 Kensington High Street, London Ws SZG
i CAF Bank
25 Kings
Hill Avenue,
Kings Hill,		 West Mailing, Kent, ME194JQ
Metro Bank
160-166Kensin on H' h Street London Ws 7RG
Solicitors Winckworth Sherwood Solicitors
Minerva House 5 Manta ue Close London SE19BB
Investment Managers Charles Stanley fft Co Ltd
25 Luke Street, London EC2A 4AR
Architect To be a
ointed
Auditors Beaver Struthers
15Bunhill Row I ondon EC1YSLP

SMA ROLL 2021 2020 2019 2018 2017
MEMBERS TOTAL TOTAL TOTAL TOTAL TOTAL
WOMEN 188 58% 184 58% 170 58% 243 58 254 58'/
MEN 135 42% 131 42% 122 42% 178 42% 189 42%
TOTAL 323 100 315 100e/ 292 1PP% 421 100'/ 443 1PP%

2020 2019
Unrestricted Restricted Endowment Total Total
2
Income
gr Endowments
Voluntary
income		 2a 173,866 1,425 175,291 184,840
Activities for generating funds 2b 228,070 228,070 328,352
Investment
Income		 2c 24,362 137 4,600 29,099 35,729
Church activities 2d 7,725 7,725 30,983
Other income 2e 100
Total Income 434,023 1 562 4,600 440,185 580,004
Expenditure
Costs of generating funds 3a 55,848 1,010 66,868 54,000
Church
activities		 3b 434,936 26 434,962 482,355
Other expenditure Sc 33,331 33331 42,350
Total Expenditure 524,115 1,036 525,151 578,705
Net Incomel (Expenditure) 27,954
Net Gains/
(Losses) on
Investments 5b 15,592 1,548 17,140 182,230
Transfer between Funds
Net Movement
in		 Funds 74,500 1,562 5,112 67,826 183,529
Total Funds Brought Forward 4,211,525 30,869 185,999 4,428,393 4,244,864
Total Funds Carried Forward 4,137,025 32431 191,111 4,360,587 4,428,393

2020 2019
Notes
FIXEDASSETS
Tangible fixed assets
Properties 5a 2,963,115 2,963,115
Investments (market value) 5b 1,111,814 1,097,268
4,074,929 4,060,383
CURRENT ASSETS
Current
Investments		 185,234 245,802
Debtors 40,422 14,022
Cash at bank and in hand 110,835 180,274
336,491 440,098
LIABILITIES 50,853 (72,088)
NET CURRENT ASSETS 285,638 368,010
NET ASSETS 4,360,567 4,428,393
ALLOCATION OF NET ASSETS BY
FUND: 9
Unrestricted 4,'I37,025 4,211,525
Restricted 32,431 30,869
Endowments 191,111 185,999
Total Funds
4,360,567 4,428,393

2020 2019
t 2 2
Net cash from operating
activities		 (161,699) (18,689)
Cash flows from investing activities
Dividends,
interest and rent		 from investments 29,099 35,729
Proceeds from the sale of:
Tangible
fixed assets
Tangible fixed investmsnts 94,866 68,339
Purchase of:
Tangible fixed assets for
Fixed asset investments		 the use ofthe PCC ~62273 90,278
Net cash provided
by (used in) investing		 activities 31,692 13,790
Change
in cash and cash
Cash and cash equivalents		 equivalents
in the year
at 1 January		 (130,007)
426 376		 (4,899)
430,975
Cash and cash equivalents at 31 December 296,069 426,076
Net income/(expenditure) for the reporting period (as per
the statement offinancial
Adjustment
for:		 activities) (67,826) 183,529
Depreciation
charges
(Gains)/losses
on investments		 (17,140) (182,230)
Dividends,
interest and rent from investments		 (29,099) (35,729)
Decrease/ (increase)
in debtors
(Decrease)/ increase
in creditors		 (26,399)
~26236		 15,688
53
Net Cash provided
by (used in) operating		 activities 161,699 18,689
Analysis ofcash snd cash equivalents
Cash in hand 110,835 180,274
Deposits 185,234 245,802
296,069 426,076

Unrestricted Restricted Endowment TOTAL TOTAL
2.INCOIIIIE & ENDOWMENTS Funds Funds Funds 2020 2019
E E E E
~2. V I
Planned Giving:
Gift Aid 71,115 71,115 72,881
Donations 5,234 5,234 8,677
Tax Recoverable 17,039 17,039 17,958
Collections at services:
Gift Aid 12,461 12,461 14,201
Donations 16,101 16,101 30,367
Tax Recoverable 2,986 2,986 3,499
Sundry donations and appeals
Gift Aid 14,905 325 15,230 12,400
Donations 4,570 1,100 5,670 5,531
Tax Recoverable 3,649 3,649 3,135
Grants 2,103 2,103 15,991
Legacies 23,703 23,703 200
173,866 1,425 175,291 184,840
2b Activities for eneretin funds
Church
hall leNings		 150,047 150,047 202,855
Rents (I4omton Place) 73,322 73,322 I00,900
Fund-raising Bazaar/Concerls 4,701 4701 24,597
228,070 228,070 329,352
2c.Investment Income
Dividends and interest 24,362 137 4,600 29,099 35,729
2d. Church Activities
Fund-raising Church groups 25 25 14,842
Fees (Church and statutory) 7,700 7,700 16,141
7,725 7,725 30,983
2e. Other Income
Sundry 100
100
Total Income
434,023 1,562 4 600 440,185 580,004

Unrestricted Restricted Endowment TOTAL TOTAL
3.EXPENDITURE Funds Funds Funds 2020 2019
E 8 E E E
Ss.Cost of
enersrin		 funds
Stewardship
costs		 106 '106 116
Fund-raising
and Appeal		 costs 3,333 3333 29,230
Support costs: administration 14,745 14,745 18,039
Investment
Management		 Costs 6,042 1,010 7,052 6,615
Bad debt provision
for rental income		 31,622 31,622
55,848 1,010 56,858 54,000
3b. Church Activities
Missionary
and Charitable		 Giving 12,204 12,204 17,715
Ministry:
Diocesan Clergy		 Stipends 106,399 106,399 137,150
Other Clergy Costs 21,168 21,168 30,672
Church
Running
Expenses		 24,510 24,510 24,611
Church Maintenance 22,838 22,838 23,455
Church
Major Repairs		 11,514 11,514
Services 3,216 3,216 6,847
Choir and Music 31,502 31,502 47,626
Congregational
Development		 2,204 2,204 7,684
Church
Hall Repairs and		 Maintenance 67,979 67,979 38,272
8 Hornton
Place		 6,650 6,650 1,859
Salaries: Church 24,187 24,187 38,559
Hall 30,906 30,906 33,002
Staff Accommodation 14,635 14,635 14,764
Support Costs: administration 52,984 52,984 58,477
Sundry 2,040 26 2,066 1,662
434,936 26 434,962 482,355
3c.Other Ex
nditure
Auditors fees 2,350 2,350 8,954
Solicitors fees 10,404 10,404 12,309
Support costs: administration 20,577 20,577 20,946
Bad debt provision 141
33,331 33,331 42,350
Total Expenditure 524,116 1,036 525,151 578,705
*Auditors Fees:
2020 2019
E E
Audit fee 6,978 7,994
Accounts preparation fee 967 960
Total Auditor's fee: 7,945 8,954

IXEDASSETS
Tangible fixed		 assets
Properties Church Equipment Total
E E E
Actual/Deemed Cost At 1 January 2020 2,963,115 41,050 3,004,165
Revaluation
gain on property
At 31 December 2020 2,963,115 41,050 3,004,165
Depreciation At 1 January 2020 (41,050) (41,050)
Charge for the year
At 31 December 2020 (41,050) (41,050)
Net Book Value At 31 December 2020 2,963,115 2,963,115
At 31 December 2019 2,963,115 2,963,115

E
Church Hall &garages 1,752,214
Cottage - Curate 242,109
Cottage - Hall Manager 242,109
8 Hornton Place 441,683
7b Vicarage Gate 285,000
Total 2,963,115

Unrestricted Restricted Endowment TOTAL
2020
2
Fixed Assets for Church uss 2,963,115 2,963,115
Investment
Fixed Assets		 963,412 148,402 1,111,814
Current Assets 261,351 32,431 42,709 336,491
Current
Liabilities		 50,853 50853
Fund balance 4137025 32,431 191,111 4,3M,567

ORS
2020 2019
2 2
Trade Debtors 1,195 2,058
Income tax rscoverabls 680
Prepayment and accrued income 70,849 11,284
Bad debt provision (31,622)
Total 40,422 14,022

LITIES
2020 2019
2
Accruals 700 24,955
Creditors 50,153 47,133
Total 50,853 72,088

Balance b/f Gains on Transfer to/ Balance cff
1 January Revaluation
of		 from other 31 December
2020 Income Expenses Fixed Assets funds 2020
2 2 2 2 8 2
The Unrestricted Funds com rise
General
General
Fund		 3,248,469 403,431 (489,265) (15,977) 3,146,658
Designated
Enfranchisement Capital 349,580 8,417 (2,212) 22,462 378,247
Bequests 34,539 10,127 44,666
Hall Maintenance 30,874 69 (30,943)
Christ Church Clergy Cottage 310,210 6,406 (180) 14,672 331,108
Mary Isa Trust (Renovation) 237,853 5,573 (1,515) (5,565) 236,346
Total 4,211,525 434,023 (524,115) (15,592) 4,137,025
The Restricted Funds com rise
Appeal 30,869 1,562 32,431
Total 30,869 1,562 32,431
The Endowment Funds com rise
The Curtis Bequest Fund 185,999 4,600 (1,036) 1,548 191,111
Total Funds 4,428,393 440,185 (525,151) 17,140 4,360,567

0. STATEMENT OF FI NANCIAL ACTIVITIES F OR THE YEAR ENDED 31 DE CEMBER 2019
Unrestricted Restricted Endowment TOTAL
TOTAL
2019 2018
NOTES 2 2
INCOME & ENDOWMENTS
Voluntary
income		 2a 182,515 2,325 184,840 278,57I
Activities for generating funds 2b 328,352 328,352 354,04I'
Investment
Income		 2G 30,614 84 5,031 35,729 31,74I
Church activities 2d 30,983 30,983 21,68
Other income 2E 100 100 10,88,
TOTAL INCOME 572,564 2,409 5,031 580,004 696,921
EXPENDITURE
Costs of generating
funds		 3E 53,056 941 54,000 54,15'
Church activities 3b 482,328 27 482,355 574,63:
Other expenditure 3C 42,350 42,350 40,17I
TOTAL EXPENDITURE 577,734 968 578,705 668,96I
NET INCOMEI (EXPENDITURE) BEFORE
INVESTMENT GAINS
(5,170) 2,406 4,063 1,299 27,95
NET GAINS/ (LOSSES)ON
INVESTMENTS 5b
148,804 33,426 182,230 62,304
TRANSFER BETWEEN FUNDS
NET MOVEMENT
IN FUNDS
143,634 2,406 37,489 183,529 (34,350
TOTAL FUNDS BROUGHT
FORWARD AT 1.1.19.
4,067,891 28,463 148,510 4,244 864 4,279,21
TOTAL FUNDS CARRIED
FORWARD AT31.12.19.
4,211,525 30,869 185,999 4,428,393 4,244,86

1.ANALYSIS OF CHANGES
IN NET DEB		 T
At 1 January Cash Flows Non-Cash At 31 December
2020 Movements 2020
2 2 2
Cash and Cash Equivalents 426,076 (130,007) 296,069
Overdraft
Borrowings

13 .C OMMITME NTS
UNDER OPERATING LEASES
At 31 December 2020 the church had annual commitments
under		 non-cancellable operating
leases as follows:
2020 2019
Within one year 2,544 2,544
In one year or mors but less than two years 2,544 2,544
In two years or more and less than 5years 3,816 6,360