2021-12-31-accounts

				FO	R THE Y	EAR	2021
													PAGE
PART	A - ANNUAL REPORT
	Reference	and Administrative			Information:	Church Council				Members			A2
						Bankers and		advisers					A2
	Structure,	Governance	and	Management									A2
	Vicar's report including		Objectives and Activities, Achievements								and Performance,		AS
	and Plans	for Future Periods
						Electoral Roll		Officer's report					A4
						Church Council				meetings			A4
						Churchwardens'				report			A4
						Stewardship		Officer's report					A5
						Safeguarding		Officer's Report					A5
	Financial	Review				Hon. Treasurer's				Report			A6
PART	B - FINANCIAL STATEMENTS												PAGE
	Statement	ofthe PCC's	Responsibilities										81
	Report of	the Independent		Auditors									82
	Statement	of Financial Activities											85
	Balance Sheet												86
	Statement	ofCash Flow											87
	Notes ToThe Financial		Statements:			1.	Accounting Policies						88
						2.	Income						810
						3.	Expenditure						811
						4.	StaffCosts						812
						5.	Fixed Assets						813
						6.	Analysis of Net		Assets by Fund				814
						7.	Debtors						814
						8.	Liabilities						814
						9.	Allocation of	Net		Assets by Fund			815
						10.	SoFA 2020						816
						11.	Analysis ofChanges				in Net Debt		817
						12.	Related Parties						817
						13.	Commitments		under		Operating	Leases	817
						14.	Support Costs						817
						15.	Capital Commitments						817

EXOFFICIO	MEMBERS:
Clergy		The Revd Emma Dlnwlddy Smith	Vieera Chair
		The Revd Alice Ormondroyd	Assistant curate
		The Revd Christopher Rogers	Associate vicar
Churchwantens		Edward Wamck	Vice-Chairman
		Guy Hasid
Deanery Synod		Peter Darrell
Representatives		David Shaw
		David Wilkinson
		James Dunford Wood
ELECTED MEMBERS:		Danie El-Kadl
		Andrew Glblln (resigned 21 Apdil 2021)
		Nigel Grieve
		AlexanderJueguen	Seiegveiding	Officer
		Margaret Lane
		David Peerless	Hen. Tiaaevivr
		Emma Porleous Laura Sylvester (resigned 21 Apdil Patricia Wilson	PCC8Slevrardshi pSseraian 2021)
		Iveg Arnold (elecled 21 April 2021) Rebecca Tinsley (elecled 21 April 2021)
The Church	retains the	following professionals:
Bankers		National Westminster Bank pic Royal Garden Branch, 55 Kensington High Slreel,		London	WB 5ZG
		CAF Bank
		25 Kings Hill Avenue, Kings Hill, West Mailing, Kent, ME19			4JQ
		Metro Bank
Solicitors		160-166Kensington Hilgh Street, London WB7RG Winckworth Sherwood Solicitors
Investment	Managers	Minerva House, 5 Monlanue Close, Charles Stanley &Co Ltd	London SE19BB
		25 Luke Street, London EC2A 4AR
Architect Auditors		Sarah Khan RIBA SCA AABC MA GradDiplCons(AA)Dist MFPWS Roger Meara Architects LLP, Union Chapel, Compton Ave, London, N1 2XD Beaver Struthers
		15Bunhlg Row London EC1YBLP

STATEMENT OF	FINANC	IAL A	CTIVITIES F	OR THE	YEAR END	ED 31 DEC	EMBER 2
						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
Income &Endowments
		17
Voluntary income Activities for generating Investment Income Church activities Total Income	funds	2a 2b 2c 2d	190,874 279,9'I9 26,886 12,565 510,244	1,500 10 1,510	6,174 6,174	192,374 279,919 33,070 12,565 517,928	175,291 228,070 29,099 7,725 440,185
Expenditure
Costs ofgenerating funds Church activities Other expenditure		3a 3b 3c	17,468 447,278 38263		934 179	18,402 447,457 38263	56,858 434,962 33331
Total Expenditure			503,009		1,113	504,122	525,151
Net Incomel (Expenditure)			7,235	1,510	5,061	13,806	(84,966)
Net Gains/ (Losses) on
Investments		Sb	115,670	17,859		133,529	17,140
Transfer between Funds
Net Movement in Funds			122,905	19,369	5,061	147,335	67,826
Total Funds Brought Forward			4,137,025	32,431	191,111	4,360,567	4,428,393
Total Funds Carried Forward			4,259,930	51,800	196,172	4,507,902	4,360,567

						Unrestricted	Restricted	Endowment	TOTAL		TOTAL
2.INCOME &		ENDOWMENTS				Funds	Funds	Funds	2021		2020
						f	f	E	f.		E
2~vI
Planned Giving:
				Gift Aid		55,860	1,200			57,060	71,115
				Donations		18,588				18,588	5,234
				Tax Recoverable		17,222	300			17,522	17,039
Collections at		services:
				Gift Aid		34,508				34,508	12,461
				Donations		5,245				5,245	16,101
				Tax Recoverable		2,431				2,431	2,986
Sundry donations				and appeals
				Gift Aid		10,705				10,705	15,230
				Donations		31,487				31,487	5,670
				Tax Recoverable		2,632				2,632	3,649
Grants						1,465				1,465	2,103
Legacies						10,731				10,731	23,703
						190,874	1,500			192374	175 291
Zb Ac/iv/t/es		for		eneraf/n	funds
Church hall lettings						269,372				269,372	150,047
Rents (I4omton			Place)			1,936				1,936	73,322
Fund-raising	Bazaar/Concerts					8,611				8,611	4,701
						279,919				279919	225,070
2c.Investment			Income
Dividends and		interest				26,886	'(0	6,174		33,070	29,099
2d. Church Activities
Fund-raising	Church groups					1,826				1,826	25
Fees (Church		and		statutory)		10,739				10739	7,700
						12565				12565	7,725
Total Income
						510,244	1,510	6,'(74		517,928	440,185

			Unrestricted	Restricted	Endowment	TOTAL	TOTAL
3.EXPENDITURE			Funds	Funds	Funds	2021	2020
			6	6	6	f	6
3a.Cost of eneratfn	funds
Stewardship costs			46			46	106
Fund-raising and Appeal		costs	7,247			7,247	3,333
Support costs: administration			18,492			18,492	14,745
Investment Management Costs Bad debt provision for rental income			5,674 (13,991)		934	6,608 (13,991)	7,052 31,622
3b. Chumh Activttfes			17,468		934	18,402	56,858
Missionary and Charitable Ministry:		Giving	1,443			1,443	12,204
Diocesan Clergy		Stipends	119,477			119,477	106,399
Other Clergy Costs			23,971			23,971	21,168
Church Running Expenses			31,959			31,959	24,510
Church Maintenance			19,079			19,079	22,838
Church Major Repairs Services			3,504			3,504	11,514 3,216
Choir and Music			52,163			52,163	31,502
Congregational Development			2,251			2,251	2,204
Church Hall Repairs and 8 Homton Place Salaries: Church		Maintenance	28,120 19,336 32,972			28,120 19,336 32,972	67,979 6,650 24,187
Hall			30,492			30,492	30,906
Staff Accommodation			20,144			20,144	14,635
Support Costs: administration			61,291			61,291	52,984
Sundry			1,076		179	1,255	2,066
~d. ON d dl			447,278		179	447,457	434,962
Auditors fees' Solicitors fees			8,334 7,990			8,334 7,990	2,350 10,404
Support costs: administration			21,939			21,939	20,577
			38,263			38,263	33,331
Total Expenditure			503,009		1,113	504,122	525,151

	Unrestricted	Restricted	Endowment	TOTAL
				2021
Fixed Assets for Church use Investment Fixed Assets Current Assets Current Liabilities Fund balance	3,010,577 1,105,906 195,873 52,426 4259,930	51,800 51,800	186,814 9,358 196,172	6 3,010,577 1,292,720 257,031 52,426 4507,902

RS
		2021		2020
		6		6
Trade Debtors			26,062	1,195
Income lax	recoverable
Prepayment	and accrued income		30,560	70,849
Bad debt provision				(31,622
Total			56,622	40,422

2021		2020
6		2
	3,487	700
	48,939	50,153
	52,426	50,853

				Balance b/f			Gains	on	Transfer to/	Balance c/f
				1January			Revaluation of		from other	31December
				2021 f	Income f	Expenses f	Fixed Assets f		funds f	2021 f
The Unrestricted	Funds	com	rise
General
General Fund				3,146,658	486,726	(497,054)		8,119		3,144,449
Designated
St Mary Abbots	Property	Fund	I	378,247	8,604	(2,387)		46,075		430,539
Bequests				44,666	13					44,679
St Mary Abbots	Property	Fund	0	331,108	7910	(2029)		29820		366,809
Mary Isa Trust (Renovation)				236,346	6,991	(1,539)		31,656		273,454
Total				4,137,025	510,244	(503,009)	115,670			4,259,930
The Restricted Funds com rise
Appeal				32,431	1,510			17,859		51,800
Total				32,431	1.510			17,859		51,800
The Endowment	Funds	com	rise
The Curtis Bequest Fund				191,111	6,174	(1,113				196,172
Total Funds				4,360,567	517,928	(504,122)	133,529			4,507,902

10. STATEMENT OF FINANCIAL	10. STATEMENT OF FINANCIAL	ACTIVITIES	FOR THE YEAR	ENDED 31 DECEMBER 2020	ENDED 31 DECEMBER 2020
			Unrestricted	Restricted	Endowment
						TOTAL	TOTAL
						2020	2019
		acres				f	f
INCOME 8ENDOWMENTS
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 ofgenerating funds		3a	55.848		1,010	56,858	54,000
Church activities		3b	434,936		26	434,962	482,355
Other expenditure		3c	33,331			33,331	42,350
TOTAL EXPENDITURE			524 115		1,036	525,151	578,705
NET INCOMEI (EXPENDITURE)		BEFORE
INVESTMENT GAINS
			(90,092)	1,562	3,564	(84,966)	1,299
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 AT 1.1.20.
			4,211,525	30,869	185,999	4,428 393	4,244,864
TOTAL FUNDS CARRIED
FORWARD AT31.12.20.
			4,137,025	32,431	191,111	4,360,567	4,428,393

1.ANALYSIS OF CHANGES IN NET DEB	T
	At 1January	Cash Flows	Non&ash	At 31 December
	2021		Movements	2021
	6	6	6	6
Cash and Cash Equivalents Overdraft	296,069	(95,660)		200,409
Borrowings

13	.C	OMMITME	NTS UNDER OPERATING L	EASES
At	31	December	2021 the church had annual	commitments	under	non-cancellable	operating leases as follows:
						2021	2020
							2
			Within one year			2,544	2,544
			In one year or more but less	than two years		2.544	2,544
			In two years or more and less than 5years			1,272	3,816