## **Charity No. 1132264** **St Simon Zelotes’ PCC** ## **Upper Chelsea** **Annual Report and Financial Statements For the year ended 31 December 2021** i ## **ST SIMON ZELOTES, UPPER CHELSEA** ## **ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2021** ## **INTRODUCTION** The year ended 31 December 2021 was another eventful year in the life of our parish and one for which we rightly give thanks to God. ## **OBJECTIVES AND ACTIVIES OF THE PCC** The Parochial Church Council of the Church of St Simon Zelotes has the responsibility of co-operating with the Incumbent in promoting within the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. When planning our activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through: Worship and prayer; Provision of pastoral care for people living in the parish; Missionary and outreach work. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Parochial Church Council is a charity registered with the Charity Commission, charity number 1132264. Members of the PCC are either ex officio (i.e. The Vicar, the Wardens, and Deanery Synod Representatives), or elected by the Annual Parochial Church Meeting, or co-opted by the PCC, in accordance with the Church Representation Rules. The Annual Vestry Meetings (which elects the Wardens) and the Annual Parochial Church Meeting were held on the 23 May 2021. The functions and purpose of the PCC are outlined in the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules. Decisions are taken by majority vote. The members of the PCC, as trustees, are responsible for the preparation of financial statements, keeping proper accounts and records, safeguarding assets, maintaining the structure of the church buildings in good order, and preventing or detecting fraud. In addition to the church, the PCC has responsibility for the maintenance of the attached church hall. The London Diocesan Fund holds the freehold of the church hall on behalf of the PCC and acts as Custodian Trustee. The church address is 40 Milner Street, London SW3 2QF. The parish office is in the vicarage at 34 Milner Street, London SW3 2QF. ii ## **PCC COMPOSITION** St Simon Zelotes operates under the triennial system for electing lay members to the PCC. From 1 January 2021 to 23 May 2021 (the date of last year’s APCM) the composition of the PCC was as follows: Vicar: Rev’d Mike Neville Curate: Rev’d Dr Philip Stewart Wardens: Edward Rose and Susan Wajih Deanery Synod Representatives: Philip Grundy, George Huntley and Susan Wajih Elected Representatives: Susan Badman, Tim Biggs, Kate Castellani, Nicholas Dunhill, Henry Farrar-Bell, Faye Grundy, Philip Grundy, Tom Miller, Shayne Pope, Shannon Stevenson and Albert Yu George Walker (Co-opted November 2020) The table on the next page shows the composition of the PCC from the APCM on 23 May 2021 until 31 December 2021 and from 1 January 2022 to the APCM which is to be held on 15 May 2022 (i.e. immediately prior to the elections). The table also indicates the members’ terms of office under the triennial system and the results of the elections. St Simon’s is entitled to have three lay representatives on the Deanery Synod and twelve PCC lay representatives. iii ## **PCC COMPOSITION AND TERMS OF OFFICE IMMEDIATELY PRIOR TO ANNUAL MEETINGS IN 2022** |**Name**|**Term started**
**at APCM in:**|**Term started**
**at APCM in:**|**Term to**
**end at**
**APCM in:**|**Status following**
**APCM in 2021**| |---|---|---|---|---| |Rev’d Mike Neville - Chairman Ex-officio||||| |Rev’d Dr Philip Stewart - Curate Ex-officio||||| |**Churchwardens**||||| |Edward Rose||2021|2022|Elected| |Susan Wajih||2021|2022|Elected| |**Deanery Synod**||||| |Philip Grundy||2020|2023|Elected| |George Huntley||2020|2023|Elected| |Susan Wajih||2020|2023|Elected| |**Elected**
**Representatives**||||| |Susan Badman||2020|2023|Elected| |Tim Biggs||2021|2024|Elected| |Kate Castellani||2020|2023|Elected| |Nicholas Dunhill||2019|2022|Elected| |Henry Farrar-Bell||2019|2022|Elected| |Victoria Gallagher||2021|2024|Elected| |Philip Grundy||2019|2022|Elected| |Tom Miller||2020|2023|Elected| |Emilie Mukerjee||2021|2024|Elected| |Shayne Pope||2020|2023|Elected| |George Walker||2021|2024|Elected| |Albert Yu||2021|2024|Elected| iv ## **MEETINGS OF THE PCC IN 2021** The schedule below lists the PCC meetings held in 2021, together with a note of the main business discussed. ## **18 January 2021** - Hyndman’s Trust - - Coronavirus Restrictions ## **15 March 2021** - Renewal of Hall Lease - Patronage of St Simon’s - Curacy Arrangements - Annual Meetings - • Interns ## **10 May 2021** - Renewal of Hall Lease - Annual Meetings - Patronage of St Simon’s - Weekend Away - Living in Love and Faith ## **23 May 2021** - - APCM Safeguarding Report, Policy Statement and Self-Audit - Annual Report & Accounts - PCC Elections ## **26 July 2021** - Away Giving - Arrangements for services post lock-down - Jonathan Fletcher attending St Simon’s - Appointment of Curate: Summer 2022 ## **13 September 2021** - Living in Love and Faith - Jonathan Fletcher Attending St Simon’s - Financial Support for Evangeline Ling - Repairs to Church Roof - Improvement to Lighting in South Aisle ## **15 November 2021** - Weekend Away - Passion for Life - Away Giving - Living in Love and Faith v ## **ACHIEVEMENTS AND PERFORMANCE REPORT ON THE YEAR 2021** ## **MISSION AND VISION** Jesus Christ defined the church’s mission when he commanded ‘make disciples of all nations’ (Matthew 28:19). Our mission is to make disciples of Jesus Christ. Inspired by John Stott’s book ‘The Living Church’ we have identified five ‘Values’ to shape our mission and vision. These are: Knowledge, Love, Worship, Outreach, Stewardship. At the start of 2019 the PCC adopted the ‘St Simon Zelotes Mission Action Plan 2019-2024’, which fleshes out what these five Values mean and some Goals and Strategies which we may follow in order to give these Values practical expression. In all of this our goal is to live out our motto ‘standing firm in the true grace of God’ 1 Peter 5:12 ## **ACTIVITIES** We recognise that all genuine gospel growth is the work of God by His all-surpassing power. We also recognise that much of the work of God is hidden from our sight and may only be revealed at the Last Day. Especially this is true of that most important work, the renovation of the human heart in the image of Christ. Nevertheless, we are privileged to be ‘co-workers’ with God and these are some of the things St Simon’s achieved in 2021: ## **Sunday Corporate Worship** A new ‘lockdown’ imposed in January but public worship still permitted. Numbers in church lower than in normal times. In the local area only St Simon’s and Holy Trinity, Sloane Street remain open for worship. Continued to adapt flexibly to changing regulations Singing in Sunday services resumed in July Sunday school online in first part of the year. Resumed in person from March Advent services of readings and music held morning and evening on Advent Sunday Christmas carol services resume, Bishop Graham Tomlin preaches Christingle service cancelled because of Covid infection among organising team ## **Baptisms, Weddings and Funerals/Memorial Services** There were 7 infant baptisms and 1 adult baptism There were 5 weddings There were 2 Funerals and 1 Memorial Service vi First normal ‘in person’ funeral for 20 months held in September First normal wedding for 20 months from September Memorial service for long standing member of St Simon’s, Susan Horsford, who died near the start of the pandemic A new system for Registration of Marriages introduced during the year, the first change for 200 years ## **Mid-Week Ministry** Five mid-week ‘Home Groups’ continue to provide teaching and encouragement to members of the congregation Held a church supper after the evening service A meeting for Home Group leaders by Zoom for sharing information, praying and encouraging Monthly prayer meeting held by Zoom in early part of the year A representative from Elam to the Prayer Meeting and gives inspiring talk about people coming to Christian faith in Iran ‘Free English’, conversation classes for local people with English as a second language, resumed from Autumn 2021 ## **Outreach** People professing Christian faith for the first time, and a joyful adult baptism in evening service in October Ran ‘Christianity Explored’ course by Zoom A ‘black tie’ dinner for evening congregation held on Saturday evening in November An outreach ‘Wreath Making’ event held in church in December Milner Street Residents Association held their AGM in St Simon’s in November ## **Stewardship** Following news that Hyndman’s Trustees, the St Simon’s Patron, had historic links with the slave trade, the PCC were given the opportunity to change Patron. Following research the church was transferred to Church Society Trust as Patron PCC meetings held by zoom in first part of year, first ‘in person’ meeting in July The triennial ‘Archdeacon’s Visitation’, inspecting the documents and administration of the church, takes place in July vii ## **Staff** Appointed Sophie Gallagher from January to assist with leading the Sunday School Explored possibility of Joe Ammoun coming to St Simon’s as curate then offered him the post and he accepted Philip Stewart moves to Cambridge but continues with curacy, attending one service on a Sunday Mike Neville continues in mentoring role to ordinands and clergy ## **Charitable Giving** Continued to support the following charities: Home for Good; Elam; St Barnabas Bible Church; St Helen’s North Kensington; Alex and Kate Phillips Mission Partners with ‘Crosslinks’ Supported White Zhibope taking a PhD at George Whitefield College, Cape Town Promoted sponsorship of children in The Happy Home Orphanage in India Promoted sponsorship of children through ‘Compassion’ charity Paid over and above our ‘Common Fund’ allocation to support less well off parishes in the Kensington Area ## **Sussex House School** Mike continues as honorary Chaplain, taking a weekly service, attending school events and other special services School services ‘in person’, in church resume in March Parents meetings held in church to facilitate social distancing Sussex House School supports Asra Harawiat School in Addis Ababa. The Founder, Asfaw Yemiru, dies in May and a service to commemorate his life held in St Simon’s A School Play performed in the church ## **Weekend Away** The postponed Church Weekend Away held in September at the De Vere Latimer centre with about 60 people attending viii ## **Safeguarding** Safeguarding is central to all our activities. Key information is posted on the St Simon’s website. We have a full programme of training for all staff & volunteers (40 people), and comply with safe recruitment guidelines and DBS legislation. We work closely with the Diocese to ensure our safeguarding procedures are in line with best practice. ## **FUTURE PLANS** In 2022 we prayerfully hope to: Run ‘Hope Explored’: a three session course exploring how to find Hope, Peace, Purpose Participate in ‘Passion for Life’, nationwide Outreach initiative. Put on performance of Handel’s Messiah and hold Guest Services at St Simon’s. Collaborate with St Andrew’s, Park Walk and Christ Church, Kensington for other events Hold special service to celebrate Her Majesty the Queen’s 70th Jubilee Find accommodation for, then introduce and integrate new curate, Joe Ammoun, and his family into the church Carry out repair and restoration work following the fire in December Hold Harvest Service with visiting choir from King’s College School, Wimbledon Carry out essential roof repairs Negotiate renewal of Lease of Church Hall Refresh the church website ix ## **FINANCE** The analysis below shows the results for unrestricted funds for 2021 compared to the prior year. The positive net movement in funds of £90,575 supports the reserves we have built up for the extra costs we are committing to next year. This is only a little lower than the surplus in 2020 because although our costs rose, our donation income also increased. |Income from:
Donations and legacies
Charitable activities
Other
Total income
Expenditure
Net incoming resources
Transfers to the Re-ordering Fund
Net movement in funds
Funds at 1 January
Funds at 31 December|2021
2020
_Change_
£
£
_£_
_%_
193,053
172,023
_21,030_
_12.2%_
159,514
150,455
_9,059_
_6.0%_
42
215
352,609
322,693
_29,916_
_9.3%_
255,262
220,644
_34,618_
97,347
102,049
_(4,702)_
(6,772)
(6,176)
90,575
95,873
_(5,298)_
302,682
206,809
393,257
302,682| |---|---| The breakdown of Income from donations and legacies (taken from Note 2) shows that donations on Gift Day were considerably higher than in 2020, the increase being larger than the generous legacies we received in 2020. |Planned giving
Collections
Gift Day
Income tax recoverable
Other donations
Legacies|2021
2020
_Change_
£
£
_£_
_%_
110,916
106,565
_4,351_
_4.1%_
4,898
3,664
_1,234_
35,600
5,300
_30,300_
24,716
23,209
_1,507_
16,923
12,133
_4,790_
-
21,152
_(21,152)_
193,053
172,023
_21,030_
_12.2%_| |---|---| Planned giving increased by £4,351 (4.1%) in the year; 69% of this (2020: 71%) was given by standing order, our preferred way to receive regular donations. Donations from Sussex House were £7,500 (2020: £3,000), following more use of the church for meetings during the year; this increase largely accounts for the higher value of Other donations in the year. Giving in services increased by 26% as more people attended services in person in 2021. We introduced contactless giving later in the year to complement cash giving, as some people prefer to use credit cards over cash. |Planned giving by envelopes
Collections
Total giving in services|2021
2020
_Change_
£
£
_£_
_%_
6,579
5,415
_1,164_
_21.5%_
4,898
3,664
_1,234_
_33.7%_
11,477
9,079
_2,398_
_26.4%_| |---|---| Note 3 shows that the main reason for the increase in Income from charitable activities was x income received for the weekend away of £7,185 (2020: £nil). We are very grateful to all those who give to St Simon’s as this supports all our ministry: locally, via live streaming and through our away giving. Details of our expenses for the year are shown in Notes 5 to 8 to the accounts. The overview above shows our expenses increased by £34,618. The two largest items contributing to this increase are an increase in salaries of £14,680 (from £21,150 to £35,830, as summarised in Note 8) and the costs of the weekend away of £9,702 which had no comparative expense (please see Note 6). In 2019, our salaries cost was £23,781 (2020: £21,150) and this serves as a better comparative figure than the 2020 figure because of our changes to the Director of Music posts in 2020; using this comparative figure for the cost of salaries would reduce the effective increase in salaries in 2021 to £12,049. This increase covers the first full year of both Daniel Phillips and Chris Stokes as our Directors of Music, Sophie Gallagher as our Children’s Worker, and additional administrative support one day a week from Chris (the administrative support being included in the salaries of £17,682 [2020: £14,600] in support costs at the end of Note 6). In addition, although the salaried cost of two Directors of Music, one for each of the Sunday services, is a little more than our previous arrangement, the cost of organist cover (within the Choir and music figure) has been less than in previous years. The increase in the Choir and music cost of £19,227 (2020: £17,354) was largely due to increased costs of tuning and maintaining the organ last year. There were various other smaller variations in expenses as can be seen by looking at Note 6. Many of these represent modest increases to our regular expenditure as the Coronavirus restrictions were eased and more people came to services in person. The reason for the fall in Church hall costs and Hall repairs and maintenance was primarily due to the modifications for Legionella prevention maintenance in 2020, which were not repeated in 2021. The increase in Running expenses both for the church and the hall were due largely due to the initial increases in energy costs at the end of the year. The level of grants from unrestricted funds was unchanged in 2021. The increase in total grants made during the year was due to the extra grants made by the Happy Home restricted fund which amounted to £9,000 (2020: £6,500; please see Note 7). ## **Future plans** Philip Stewart is a self-funding curate and we have not had to pay for his accommodation; we have benefitted from his ministry for very little outlay, which has helped us return surpluses over the last few years. Joe Ammoun, who will begin as our curate in July 2022, is a stipendiary minister meaning that we will be paying for his remuneration and for his accommodation, which will significantly increase our regular ministry costs, though only for a half-year in 2022. We have received initial quotes for repairs to the roof; these costs are substantial relative to our reserves and the Buildings Committee has started to consider what repairs we want to make and when to timetable them. It may still be possible to arrange for some of the work to be done in 2022. We are also aware that the organ may require further maintenance and renewal work. xi Our gas and electricity costs within Running expenses were £5,967 12020.. £4,505}. We have been trying to join the Church of England's collective buying scheme for energy since October 2021, but the volatility of energy prices, and the instability and war in Ukraine have prevented this. Based on recent unit price increases, our energy costs may be more than double in 2022. We do not know how much we will be affected ty rising inflation in 2022 and how changes in the eGonomy might also affect our voluntary income. Reserves Policy Our reserves policy in re￿nt years has been lo keep reseNes of approximately 500h of lotsl expenditure from unrestricted funds in the previous year, with additional reserves to cover capital expenditure expected in the near future. Using the figures for unrestricted funds as shown above for regular expendilure and for funds carried forward, the surplus of reserves above 50°k of our regular expenditure is £265,626 {2020. £192,360). As we anlicipate signrfiGanl extra costs to maintain our ministry over the next few years, this level of reseNes seems reasonable. This report was approvèd by the PCC on 13 May 2022 and sign8d on their tehalf by: Rev'd Mike Neville Chairman xii ST SIMON ZELOTES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Independent examinor's report to the PCC members of St S¢mon Zelotes (Ihe church.) I report to the PCC members on my examination of the accounts of the church for the year ended 31 December 2021. Re8ponslblllt1•6 and basls of report As the PCC members you are responsible for the preparation of the accounts in accordance with the requirements of the Charities A¢t 2011 I'lhe 2011 Acl'l. I report in respect of my examination of the church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the church's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. S confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. Your attention is drawn to the fact that the church has prepared the a￿OUnts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally A¢￿pted Accounting Practice effective for reporb.ng periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. acc04Jnling records were not kept in respect of the church as required by section 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with the appli12ble requirements concerning the form and conlenl of accounts set out in the Charib'es IAc¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examinatson. I have no concern5 and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached. This report is made solely to the church's PCC members, as a body, in aecordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the church's PCC members those matters l am required lo slate to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the church and the church's PCC members as a body, for my WO￿ or for this report. Signed.. Richard Hill Dated. 13 f* tozi FCA Griffin Slone Moscrop & Co Chartered Accountants 21- 27 Lamb's Conduit street London WC1N 3GS Page 1 **ST SIMON ZELOTES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**8,015**
**-**
**-**
**-**
**8,015**
**9,034**
**9,034**
**(1,019)**
**6,772**
**5,753**
**(4,396)**
**5,753**
**1,357**|**Unrestricted**
**funds**
**2021**
**£**
**193,053**
**159,514**
**42**
**-**
**352,609**
**255,262**
**255,262**
**97,347**
**(6,772)**
**90,575**
**302,682**
**90,575**
**393,257**|**Total**
**funds**
**2021**
**£**
**201,068**
**159,514**
**42**
**-**
**360,624**
**264,296**
**264,296**
**96,328**
**-**
**96,328**
**298,286**
**96,328**
**394,614**|_Total_
_funds_
_2020_
_£_
_178,948_
_150,455_
_177_
_38_| |---|---|---|---|---| |||||_329,618_| |||||_229,103_| |||||_229,103_| |||||_100,515_
_-_| |||||_100,515_| |||||_197,771_
_100,515_| |||||_298,286_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 4 to 20 form part of these financial statements. Page 2 ST SIMON ZELOTES BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note Fix8d assets Tangible assets 12.637 13,797 12,637 13.797 Current assets Debtors Short-lerm deposits Cash at bank and in hand 10 11 35,506 67.435 313.611 64,047 67.427 186,117 416,552 317,591 Creditors. amounts falling due within one year 12 (34.5751 {33, 102) Net current assets 381,977 284,489 Total assets less current liabilities 394,614 298.286 Not assets 394,614 298,286 Net assets 394,614 298,286 Charlty funds Reslricled funds Unrestricted funds 13 13 1.357 393,257 (4,396) 302,682 Total funds 394,614 298,286 The financial statements were approved and authorised for issue by the PCC members and signed on their behalf by: Rev. M. Neville Ichair of Trustees) Dale.. 13 May 2022 The notes on pages 4 to 20 form part of these financial slatemenls. Page 3 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. St Simon Zelotes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **1.2 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the church and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 4 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. Accounting policies (continued)** ## **1.3 Income** All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the church has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the church, can be reliably measured. Donated services or facilities are recognised when the church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the church of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of members of the congregation is not recognised. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the church which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **1.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure on charitable activities is incurred on directly undertaking the activities which further the church's mission, as well as any associated support costs. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 5 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. Accounting policies (continued)** ## **1.5 Tangible fixed assets and depreciation** Consecrated and benefice property of any kind is excluded from the financial statements by section 10(2)(c) of the Charities Act 2011. No value is placed on moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC, which require a faculty for disposal, since the PCC considers this to be inalienable property. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings or on the repair of movable church furnishings acquired before 1 January 2001 is written off. Depreciation on equipment used within the church premises is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over the useful economic life on a straight line basis between three and seven years. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. ## **1.6 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **1.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.8 Cash and cash equivalents** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Page 6 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. Accounting policies (continued)** ## **1.10 Financial instruments** The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2. Income from donations and legacies** |Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
**Total donations and legacies**
Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
Legacies
_Total 2020_|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
6,780
110,916
-
4,898
-
35,600
-
16,923
1,235
24,716
8,015
193,053
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_5,810_
_106,565_
_-_
_3,664_
_-_
_5,300_
_-_
_12,133_
_1,115_
_23,209_
_-_
_21,152_
_6,925_
_172,023_|**Total**
**funds**
**2021**
**£**
**117,696**
**4,898**
**35,600**
**16,923**
**25,951**| |---|---|---| |||**201,068**| |||_Total_
_funds_
_2020_
_£_
_112,375_
_3,664_
_5,300_
_12,133_
_24,324_
_21,152_| |||_178,948_| Page 7 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **3. Income from charitable activities** |**Unrestricted**
**funds**
**2021**
**£**
Weekend away
7,185
Nursery school income
146,512
Income from weddings, funerals and baptisms
5,817
**Total 2021**
159,514
_Unrestricted_
_funds_
_2020_
_£_
Nursery school income
_144,918_
Income from weddings, funerals and baptisms
_5,537_
_Total 2020_
_150,455_|**Total**
**funds**
**2021**
**£**
**7,185**
**146,512**
**5,817**| |---|---| ||**159,514**| ||_Total_
_funds_
_2020_
_£_
_144,918_
_5,537_| ||_150,455_| ## **4. Investment income** |**Unrestricted**
**funds**
**2021**
**£**
Bank Interest
42
_Unrestricted_
_funds_
_2020_
_£_
Bank Interest
_177_|**Total**
**funds**
**2021**
**£**
**42**| |---|---| ||_Total_
_funds_
_2020_
_£_
_177_| Page 8 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Church and ministry costs
Church hall costs
**Total 2021**
Church and ministry costs
Church hall costs
_Total 2020_|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
9,034
240,403
-
14,859
9,034
255,262
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_8,459_
_202,789_
_-_
_17,855_
_8,459_
_220,644_|**Total**
**funds**
**2021**
**£**
**249,437**
**14,859**| |---|---|---| |||**264,296**| |||_Total_
_funds_
_2020_
_£_
_211,248_
_17,855_| |||_229,103_| ## **Summary by expenditure type** |Church and ministry costs
Church hall costs
**Total 2021**|**Staff costs**
**2021**
**Depreciation**
**2021**
**£**
**£**
35,830
6,450
-
-
35,830
6,450|**Other costs**
**2021**
**£**
207,157
14,859
222,016|**Total**
**funds**
**2021**
**£**
**249,437**
**14,859**| |---|---|---|---| ||||**264,296**| Page 9 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **5. Analysis of expenditure on charitable activities (continued)** ## **Summary by expenditure type (continued)** |Church and ministry costs
Church hall costs
_Total 2020_|_Staff costs_
_2020_
_£_
_21,150_
_-_
_21,150_|_Depreciation_
_2020_
_£_
_4,173_
_-_
_4,173_|_Other costs_
_2020_
_£_
_185,925_
_17,855_
_203,780_|_Total_
_funds_
_2020_
_£_
_211,248_
_17,855_| |---|---|---|---|---| |||||_229,103_| ## **6. Analysis of expenditure by activities** |Church Ministry
Church hall costs
**Total 2021**
Church and ministry costs
Church hall costs
_Total 2020_|**Activities**
**undertaken**
**directly**
**2021**
**£**
178,517
14,859
193,376
_Activities_
_undertaken_
_directly_
_2020_
_£_
_148,930_
_17,855_
_166,785_|**Grant**
**funding of**
**activities**
**2021**
**£**
36,700
-
36,700
_Grant_
_funding of_
_activities_
_2020_
_£_
_34,200_
_-_
_34,200_|**Support**
**costs**
**2021**
**£**
34,220
-
34,220
_Support_
_costs_
_2020_
_£_
_28,118_
_-_
_28,118_|**Total**
**funds**
**2021**
**£**
**249,437**
**14,859**| |---|---|---|---|---| |||||**264,296**| |||||_Total_
_funds_
_2020_
_£_
_211,248_
_17,855_| |||||_229,103_| Page 10 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Salaries
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Ministry and training material
Church service expenses
Weekend away
Insurance
Repairs and maintenance
Running expenses
Other charitable donations
Choir and music
Sound System
Livestreaming and website
Broadband Costs
**Total 2021**|**Church and**
**ministry**
**costs**
**2021**
**£**
18,148
6,450
90,000
1,089
5,139
662
4,146
9,702
4,352
4,083
10,808
950
19,227
1,686
1,326
749
178,517|**Church hall**
**costs**
**2021**
**£**
-
-
-
-
-
-
-
-
649
2,544
11,666
-
-
-
-
-
14,859|**Total**
**funds**
**2021**
**£**
**18,148**
**6,450**
**90,000**
**1,089**
**5,139**
**662**
**4,146**
**9,702**
**5,001**
**6,627**
**22,474**
**950**
**19,227**
**1,686**
**1,326**
**749**| |---|---|---|---| ||||**193,376**| Page 11 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs (continued)** |Salaries
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Ministry and training material
Church service expenses
Church events
Insurance
Repairs and maintenance
Building development costs
Running expenses
Other charitable donations
Choir and music
Loss on disposal of fixed assets
Livestreaming and website
Broadband costs
Sundry, including gifts
_Total 2020_|_Church and_
_ministry_
_costs_
_2020_
_£_
_6,550_
_4,173_
_90,000_
_1,510_
_4,689_
_824_
_1,563_
_301_
_4,551_
_2,230_
_3,122_
_8,399_
_500_
_17,354_
_(32)_
_2,440_
_592_
_164_
_148,930_|_Church hall_
_costs_
_2020_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_679_
_7,014_
_-_
_10,162_
_-_
_-_
_-_
_-_
_-_
_-_
_17,855_|_Total_
_funds_
_2020_
_£_
_6,550_
_4,173_
_90,000_
_1,510_
_4,689_
_824_
_1,563_
_301_
_5,230_
_9,244_
_3,122_
_18,561_
_500_
_17,354_
_(32)_
_2,440_
_592_
_164_
_166,785_| |---|---|---|---| Page 12 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Salaries
Printing, postage and stationery
Computer costs
Bank charges
Other parish office costs
Telephone costs
Accounting assistance
Legal and professional
Governance costs - independent examination
**Total 2021**
Salaries
Printing, postage and stationery
Computer costs
Bank charges
Telephone costs
Accounting assistance
Legal and professional
Governance costs - independent examination
_Total 2020_|**Church**
**activities**
**2021**
**£**
17,682
2,433
1,800
174
149
991
8,491
40
2,460
34,220
_Church_
_activities_
_2020_
_£_
_14,600_
_1,723_
_1,603_
_134_
_764_
_5,594_
_1,240_
_2,460_
_28,118_|**Total**
**funds**
**2021**
**£**
**17,682**
**2,433**
**1,800**
**174**
**149**
**991**
**8,491**
**40**
**2,460**| |---|---|---| |||**34,220**| |||_Total_
_funds_
_2020_
_£_
_14,600_
_1,723_
_1,603_
_134_
_764_
_5,594_
_1,240_
_2,460_| |||_28,118_| Page 13 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **7. Analysis of grants** |Grants to institutions
Grants to institutions|**Grants to**
**Institutions**
**2021**
**£**
36,700
_Grants to_
_Institutions_
_2020_
_£_
_34,200_|**Total**
**funds**
**2021**
**£**
**36,700**| |---|---|---| |||_Total_
_funds_
_2020_
_£_
_34,200_| The church has made the following material grants to institutions during the year: |**Name of institution**
Crosslinks
Elam Ministries
Home for Good
St Barnabas Bible Church, Cape Town
St Helen's Church, North Kensington
Happy Home Orphanage, Southern India|**2021**
**£**
**5,200**
**7,500**
**5,000**
**10,000**
**-**
**9,000**
**36,700**
**36,700**|_2020_
_£_
_5,200_
_5,000_
_5,000_
_7,500_
_5,000_
_6,500_| |---|---|---| |||_34,200_| |||| |||_34,200_| Page 14 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **8. Staff costs** |Wages and salaries|**2021**
**£**
**35,830**
**35,830**|_2020_
_£_
_21,150_| |---|---|---| |||| |||_21,150_| The average number of persons employed by the church during the year was as follows: |Ministry
Administration
Children's Worker|**2021**
**No.**
**2**
**1**
**1**
**4**|_2020_
_No._
_1_
_1_
_-_| |---|---|---| |||| |||_2_| No employee received remuneration amounting to more than £60,000 in either year. The church employs two Directors of Music (formerly one covering both Sunday services; from November 2020 one Director of Music for each service), a part-time Children's Worker and a Parish Administrator. The PCC members are considered the key management personnel of the church. The church contributes to the Diocesan Common Fund and the incumbent is remunerated directly by the Diocese. Page 15 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 January 2021
Additions
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net book value**
At 31 December 2021
_At 31 December 2020_
**10.**
**Debtors**
**Due within one year**
Other debtors
Prepayments
Income Tax recoverable
**11.**
**Short Term Deposits**
Short Term Deposits|**Office**
**equipment**
**£**
**34,513**
**1,014**
**35,527**
**21,922**
**5,179**
**27,101**
**8,426**
_12,591_||**Computer**
**equipment**
**£**
**4,582**
**4,276**
**8,858**
**3,376**
**1,271**
**4,647**
**4,211**
_1,206_
**2021**
**£**
**7,934**
**1,621**
**25,951**
**35,506**
**2021**
**£**
**67,435**|**Total**
**£**
**39,095**
**5,290**| |---|---|---|---|---| |||||**44,385**| |||||**25,298**
**6,450**| |||||**31,748**| |||||**12,637**| |||||_13,797_| |||||_2020_
_£_
_37,034_
_2,689_
_24,324_
_64,047_
_2020_
_£_
_67,427_| Page 16 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **12. Creditors: Amounts falling due within one year** |Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2021**
**£**
**4,566**
**390**
**1,000**
**28,619**
**34,575**|_2020_
_£_
_2,058_
_322_
_1,415_
_29,307_| |---|---|---| |||| |||_33,102_| Included within accruals and deferred income is £13,796 of deferred income (2020: £12,796). Page 17 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **13. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
**Designated funds**
Designated Funds
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Happy Home Mission
Re-ordering Fund
**Total of funds**|**Balance at 1**
**January**
**2021**
**£**
**67,427**
**235,255**
**302,682**
**2,376**
**(6,772)**
**(4,396)**
**298,286**|**Income**
**£**
**8**
**352,601**
**352,609**
**8,015**
**-**
**8,015**
**360,624**|**Expenditure**
**£**
**-**
**(255,262)**
**(255,262)**
**(9,034)**
**-**
**(9,034)**
**(264,296)**|**Transfers**
**in/out**
**£**
**-**
**(6,772)**
**(6,772)**
**-**
**6,772**
**6,772**
**-**|**Balance at**
**31**
**December**
**2021**
**£**
**67,435**| |---|---|---|---|---|---| ||||||**325,822**| ||||||**393,257**| ||||||**1,357**
**-**| ||||||**1,357**| ||||||**394,614**| The Designated Fund is an unrestricted fund whose assets are primarily held as short term deposits and are available for general use. The Happy Home Fund is a restricted fund used to sponsor children at the Happy Home Orphanage in Ooty, Tamil Nadu, in Southern India. The Re-ordering Fund is a restricted fund for the re-ordering of the church, and any residual assets can be used for other church fabric projects. The deficit on the Fund from the recent re-ordering project was cleared by a transfer from General Funds during the year. Page 18 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **14. Summary of funds** ## **Summary of funds - current year** |Designated funds
General funds
Restricted funds|**Balance at 1**
**January**
**2021**
**£**
**67,427**
**235,255**
**(4,396)**
**298,286**|**Income**
**£**
**8**
**352,601**
**8,015**
**360,624**|**Expenditure**
**£**
**-**
**(255,262)**
**(9,034)**
**(264,296)**|**Transfers**
**in/out**
**£**
**-**
**(6,772)**
**6,772**
**-**|**Balance at**
**31**
**December**
**2021**
**£**
**67,435**
**325,822**
**1,357**| |---|---|---|---|---|---| ||||||**394,614**| Page 19 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **15. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
-
12,637
1,357
415,195
-
(34,575)
1,357
393,257|**Total**
**funds**
**2021**
**£**
**12,637**
**416,552**
**(34,575)**
**394,614**| |---|---|---| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2020_
_£_
_-_
_2,746_
_(7,142)_
_(4,396)_|_Unrestricted_
_funds_
_2020_
_£_
_13,797_
_314,845_
_(25,960)_
_302,682_|_Total_
_funds_
_2020_
_£_
_13,797_
_317,591_
_(33,102)_
_298,286_| |---|---|---|---| ## **16. Related party transactions** N Dunhill & Co, a business controlled by Nicholas Dunhill, a PCC Member, charged £8,167 (2020: £5,306) for accountancy services provided to the church for the year. Nicholas also charged £147 through ParcelSpace Ltd, a company he controls, for assistance with website changes in the year (2020: £963, also including livestreaming and church broadband installation). Total donations made to the church by PCC members during the year amounted to £22,279 (2020: £29,720), including Gift Aid where appropriate. An immediate family member of Philip Grundy, a PCC member, is employed by Elam, a charity to which St Simon Zelotes made a donation of £7,500 (2020: £5,000). Philip did not take part in the decision making process for choosing Elam. Page 20