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|||||FO|R THE Y|EAR|2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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|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||||||
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|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|
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|||||||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|
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||||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|
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||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|
##
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|||||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|||||
##
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|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|
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