##
||FOR THE YEAR ENDED 31 D|FOR THE YEAR ENDED 31 D|FOR THE YEAR ENDED 31 D|FOR THE YEAR ENDED 31 D|ECEMBER 2022|||||
|---|---|---|---|---|---|---|---|---|---|
|REFERENCE|AND ADMINISTRATIVE
INFORMATION|||||||||
|This is the Annual||Report for St Mary Abbots PCC.||||||||
|Overall responsibility|||for the affairs ofSt Mary Abbots PCC is||exercised by the Vicar, the Churchwardens||||and|
|the Parochial|Church||Council. The members
of the St Mary||Abbots PCC who have served|||from 1 January||
|2022 up to the|date ofapproval
ofthese financial statements
were as follows:|||||||||
|EXOFFICIO MEMBERS:||||||||||
|Clergy||||The Rev'd Emma Dinwiddy
Smith (Vicar, Chair)||||||
|||||The Rev'd Alice Ormondroyd
(Assistant Curate)||||||
|||||The Rev'd Christopher
Rogers (Associate Vicar)||||||
|Churchwardens||||Edward Warrick (Vice Chair)||||||
|||||Guy Heald (Hon Treasurer from 18e May 2022)||||||
|Deanery Synod||||Peter Darrell (until 18e May 2022)||||||
|Representatives||||Jose Jueguen
(from 18e May 2022)||||||
|||||Hakan Sandahl-Wilson
(From 18e May 2022)||||||
|||||David Shaw (Stewardship
Secretary)
David Wilkinson
(until 18'" May 2022)||||||
|||||James Dunford Wood||||||
|ELECTED MEMBERS:||||||||||
|||||Ivell Arnold (Electoral Roll Officer)||||||
|||||Rona Davis (from 18e May 2022)||||||
|||||Danie El-Kadi (until 18eMay 2022)||||||
|||||Nigel Grieve||||||
|||||Alexander Jueguen
(Safeguarding
Officer)||||||
|||||Margaret
Lane||||||
|||||David Peerless
(until 18e May 2022, Hon Treasurer)
Emma Porteous
(until 18"May 2022, Hon Secretary)||||||
|||||Margaret
Pringle (from IBe May 2022)||||||
|||||Rebecca Tinsley||||||
|||||Patricia Wilson (Hon Secretary from 18eMay 2022)||||||
|The Church retains||the||following
professionals:||||||
|Bankers:||||National Westminster
Bank pic||||||
|||||Royal Garden Branch, 55 Kensington|High Street, London, W8 5ZG|||||
|||||CAF Bank||||||
|||||25 Kings
Hill Avenue,
Kings Hill, West|Mailing, ME194JQ|||||
|||||MetroBank||||||
|||||160-166Kensington
High Street, London, W8 7RG||||||
|Solicitors||||Birketts LLP||||||
|||||106Leadenhall
Street, London EC3A|4AA|||||
|Investment||||Charles Stanley
&Co Ltd||||||
|||||25 Luke Street, London, EC2A4AR||||||
|Architect||||Sarah Khan RIBASCAAABC MA GradDiplCons(AA)Dist||MFPWS||||
|||||Roger Meara Architects
LLP, Union Chapel, Compton Ave, London,|||N1 2XD|||
|Auditors||||Griffin Stone Moscrop &Co||||||
|||||21-27Lamb's Conduit Street, London,|WC1N 3GS|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
||||||2022|2022|2022|2022|2021|
|||||Note|E|E|E|E|E|
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||legacies|||284,545|1,200||285,745|192,373|
|Church activities|||||119,264|||119,264|101,595|
|Fundraising|||||206,967|||206,967|190,888|
|Investments|||||31,616|36|9,367|41,019|33,072|
|Insurance
claim|||||2,530|||2,530||
|Total income||and||||||||
|endowments|||||644,922|1,236|9,367|655,525|517,928|
|Expenditure|on:|||||||||
|Raising funds||||7|19,075||1,191|20,266|14,383|
|Charitable
activities||||8|638,824||415|639,239|489,739|
|Total expenditure|||||657,899||1,606|659,505|504,122|
|Net||||||||||
|(expenditure)/income||||||||||
|before net||||||||||
|(losses)/gains||on||||||||
|investments|||||(12,977)|1,236|7,761|(3,980)|13,806|
|Net (losses)/gains|||on|||||||
|investments|||||(177,970)||(37,873)|(215,843)|133,530|
|Net movement||in||||||||
|funds|||||(190,947)|1,236|(30,112)|(219,823)|147,336|
|Reconciliation||of||||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||4,259,930|51,800|196,172|4,507,902|4,360,566|
|Net movement||in funds|||(190,947)|1,236|(30,112)|(219,823)|147,336|
|Total funds carried||||||||||
|forward|||||4,068,983|53,036|166,060|4,288,079|4,507,902|
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||5||5|
|Fixed assets||||||||
|Tangible assets|||13||3,005,789||3,010,577|
|Investments|||14||1,179,818||1,292,720|
||||||4,185,607||4,303,297|
|Current assets||||||||
|Debtors|||15|61,388||56,623||
|Cash at bank and in hand||||102,270||200,409||
|||||163,658||257,032||
|Creditors: amounts|falling due within one|||||||
|year|||16|(61,186)||(52,427)||
|Net current assets|||||102,472||204,605|
|Total assets less current liabilities|||||4,288,079||4,507,902|
|Net assets excluding||pension asset|||4,288,079||4,507,902|
|Total net assets|||||4,288,079||4,507,902|
|Charity funds||||||||
|Endowment
funds|||18||166,060||196,172|
|Restricted
funds|||18||53,036||51,800|
|Unrestdicted
funds|||18||4,068,983||4,259,930|
|Total funds|||||4,288,079||4,507,902|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||6|6|
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities|||(16,089)|(33,409)|
|Cash flows from investing|activities|||||
|Dividends,
interests and rents from investments||||41,019|33,070|
|Purchase oftangible
fixed assets|||||(47,861)|
|Proceeds from sale ofinvestments||||41,275|134,251|
|Purchase of investments||||(164,344)|(181,710)|
|Net cash used in investing|activities|||(82,050)|(62,250)|
|Cash flows from financing|activities|||||
|Net cash provided
by financing
activities||||||
|Change
in cash and cash|equivalents|in|the year|(98,139)|(95,659)|
|Cash and cash equivalents|at the beginning||ofthe year|200,409|296,068|
|Cash and cash equivalents|at the end|of|the year|102,270|200,409|
|The notes on pages 15to 32form part ofthese financial statements||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2022|
|||E|6|6|
|Donations|||||
|Planned
giving||58,924|1,200|60,124|
|Tax reclaimed||19,560||19,560|
|Collections||64,380||64,380|
|Donations|and appeals|52,820||52,820|
|Total donations||195,684|1,200|196,884|
|Legacies||12,516||12,516|
|Grants||76,345||76,345|
|Subtotal||88,861||88,861|
|||284,545|1,200|285,745|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||F||E|
|Donations|||||
|Planned
giving||63,470|1,200|64,670|
|Tax reclaimed||20,154|300|20,454|
|Collections||39,752||39,752|
|Donations|and appeals|55,301||55,301|
|Total donations||178,677|1,500|180,177|
|Legacies||10,731||10,731|
|Grants||1,465||1,465|
|Subtotal||12,196||12,196|
|||190,873|1,500|192,373|
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||6|E|
|Church|and statutory fees|7,309|7,309|
|Church|groups|30|30|
|Church|hall lettings|111,925|111,925|
|||119,264|119,264|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|||F|5|
|Church|and statutory fees|10,739|10,739|
|Church|groups|1,826|1,826|
|Church|hall lettings|89,030|89,030|
|||101,595|101,595|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||E|5|
|Income from|rentals|188,914|188,914|
|Fundraising|events|18,053|18,053|
|||206,967|206,967|
##
##
##
##
|Income from|fundraising
events (continued)|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|||6|F|
|Income from|rentals|182,278|182,278|
|Fundraising|events|8,610|8,610|
|||190,888|190,888|
##
||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2022|
||||6|6|6|6|
|Dividends|and|interest|31,616|36|9,367|41,019|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||2021|2021
f|2021
E|2021
6|
|Dividends|and|interest|26,888|10|6,174|33,072|
##
##
##
##
|||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||E|E|6|
|Stewardship|costs|||243||243|
|General fundraising||and|appeal costs|12,353||12,353|
|Investment|management||fees|6,479|1,191|7,670|
|||||19,075|1,191|20,266|
|||||Unrestdcted|Endowment|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||F||6|
|Stewardship|costs|||46||46|
|General fundraising||and|appeal costs|7,729||7,729|
|Investment|management||fees|5,674||6,608|
|||||13,449|934|14,383|
##
##
##
|Unrestricted|Endowment||
|---|---|---|
|funds|funds|Total|
|2022|2022|2022|
|E||E|
|638,824|415|639,239|
||Unrestricted||
||funds|Total|
||2021|2021|
|||E|
||489,739|489,739|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022|2022|
|||E|E|E|
|Church|activities|540,816|98,423|639,239|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
|||E|F||
|Church|activities|418,238|71,501|489,739|
##
##
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
||||||6||
|Staff costs|||||115,839|104,204|
|Depreciation|||||4,788|399|
|Missionary
and|Charitable|Giving|||23,858|1,646|
|Ministry: Diocesan Clergy||Stipends|||150,940|122,004|
|Ministry: Other Clergy Costs|||||10,702|8,881|
|Church
Running|Expenses||||76,402|35,960|
|Church Maintenance|||||22,210|19,360|
|Services|||||8,955|3,505|
|Choir and Music|||||50,845|52,163|
|Congregational|Development||||8,479|2,355|
|Church
Hall repairs, maintenance|||and running|costs|36,528|28,120|
|8 Hornton
Place|||||11,062|19,336|
|Staff Accommodation|||||20,116|20,144|
|Sundry|||||92|161|
||||||540,816|418,238|
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||6||
|Staff|costs||50,844|42,402|
|Bank|charges||4,901|2,345|
|Legal|fees||13,296|4,080|
|Other|professional|fees|21,048|14,729|
|Audit|fees||8,334|7,945|
||||98,423|71,501|
##
##
##
##
|Auditors'|remuneration|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||5|
|Fees payable to the Charity's||auditor for the preparation|and audit ofthe|||
|Charity's|annual accounts|||8,334|7,945|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||6|5|
|Wages and|saladies|||146,299|129,297|
|Social security costs||||8,408|7,641|
|Contribution|to defined contribution|pension|schemes|11,976|9,668|
|||||166,683|146,606|
|The average|number ofpersons employed||by the Chadity during the year was as follows:|||
|2022|2021|
|---|---|
|No.|No,|
##
##
##
|||Church||
|---|---|---|---|
||Properties|equipment|Total|
||5|F|E|
|Cost or valuation||||
|At 1 January 2022|2,963,115|88,911|3,052,026|
|At 31December 2022|2,963,115|88,911|3,052,026|
|Depreciation||||
|At 1 January 2022||41,449|41,449|
|Charge for the year||4,788|4,788|
|At 31December 2022||46,237|46,237|
|Net book value||||
|At 31 December 2022|2,963,115|42,674|3,005,789|
|At 31 December 2021|2,963,115|47,462|3,010,577|
##
##
||||Listed|
|---|---|---|---|
||||investmentsf|
|Cost or valuation||||
|At 1 January|2022||1,292,720|
|Additions|||164,344|
|Disposals|||(41,275)|
|Revaluations|||(235,971)|
|At 31 December 2022|||1,179,818|
|Net book value||||
|At 31 December 2022|||1,179,818|
|At 31 December 2021|||1,292,720|
|Debtors||||
|||2022
f|2021
f|
|Due within one year||||
|Trade debtors||28,441|26,062|
|Other debtors||75||
|Prepayments|and accrued income|32,872|30,561|
|||61,388|56,623|
##
##
##
|||2022
5|2021f|
|---|---|---|---|
|Trade creditors||16,588|10,678|
|Other taxation and social security||2,861|4,256|
|Other creditors||28,971|26,156|
|Accruals and deferred|income|12,766|11,337|
|||61,186|52,427|
##
|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6|5|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|102,270|200,409|
|18.|Statement offunds|Statement offunds|||||||
|---|---|---|---|---|---|---|---|---|
||Statement offunds||- current year||||||
|||||||||Balance at|
|||Balance at 1||||||31|
||||January|||Transfers|Gains/|December|
||||2022|Income|Expenditure|in/out|(Losses)|2022|
||||6|6|6|6|E|6|
||Unrestricted||||||||
||funds||||||||
||Designated||||||||
||funds||||||||
||Bequests||44,679|209||||44,888|
||St Mary Abbots||||||||
||Property
Fund|II|366,809|7,447|(2,955)|(317,578)|(53,723)||
||St Mary Abbots||||||||
||Property
Fund|I|430,539|12,204|(3,456)|(360,114)|(79,173)||
||Mary Isa Trust||||||||
||(Renovation)||273,454|7,641|(2,146)||(39,530)|239,419|
||Accessibility||||||||
||Fund|||27,145|(11,368)|||15,777|
||||1,115,481|54,646|(19,925)|(677,692)|(172,426)|300,084|
||General funds||||||||
||General Fund||3,144,449|590,276|(637,974)|677,692|(5,544)|3,768,899|
||Total||||||||
||Unrestricted||||||||
||funds||4,259,930|644,922|(657,899)||(177,970)|4,068,983|
||Endowment||||||||
||funds||||||||
||The Curtis||||||||
||Bequest Fund||196,172|9,367|(1,606)||(37,873)|166,060|
||Restricted||||||||
||funds||||||||
||Appeal||51,800|1,236||||53,036|
||Total offunds||4,507,902|655,525|(659,505)||(215,843)|4,288,079|
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||6||
|Not later than||1 year|6,401|2,544|
|Later than|1 year and not later than 5years||382|3,816|
||||6,783|6,360|
##