THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE
Accounts for the year ended 31 December 2021
Registered Charity No. 1132566
THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITHST MARK ST MARYLEBONE
Wyndham Place, London W1
Accounts for the year ended 31 December 2021
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|Contents|Page|
|Annual|Report|1-6|
|Statement|of|the|PCC's|Responsibilities|7|
|Independent|Examiner's|Report|8|
|Statement|of|Financial|Activities|9|
|Balance|Sheet|10|
|Statement|of cash|flows|11|
|Notes|to the Accounts|12-19|
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THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE
Wyndham Place, London W1
ANNUAL REPORT 2021
St Mary Bryanston Square with St Mark St Marylebone is a registered charity and its charity number is 1132566. The Parochial Church Council (PCC) are trustees of the charity and it has the responsibility, together with the incumbent, the Revd John Peters, to promote in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC’s governing documents came into effect on 2" January 1957 and are: The Parochial Church Councils (Powers) Measure 1956 as amended and The Church Representation Rules 2006. Members of the PCC are elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC members must have exercised leadership in the church prior to standing for election and need to be proposed and seconded by members of the congregation. New PCC members receive induction and training from Revd John Peters (chairman) and Sally Watson (secretary).
During the year, the following served as members of the PCC:
Incumbent: The Revd John Peters Assistant Clergy: The Revd Matt Coombs Wardens: Luke Johnson and Maggie Sandilands
Representatives on:
The Deanery Synod: The following were appointed on 22" October 2020: Sian Dixon
PCC Members: The following were reappointed on 24" May 2021: Benjamin Ashby Vanessa Fernandez Tom Jones Essie Laugharne Malcolm McCarthy Aileen Mkandawire-Mogues Dreem Nkumbula Sinora Phillips
The following resigned on 24 May 2021:
Dan Crow (Church Warden) Tom Boulter (Deanery Synod) James Haley (Deanery Synod) James Glass Morgan Holden-White Marcus Speller
The following were appointed on 24! May 2021:
Dan Crow Libby Granite Maggie Sandilands (Church Warden) Max Somerset Ruth Slatter
Ex Officio Members: Sally Watson (Secretary)
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Independent Examiner: Summers Morgan, Sheraton House, Lower Rd, Chorleywood, Rickmansworth WD3 5LH.
Bankers: National Westminster Bank Plc, PO Box 6037, 186 Brompton Road, London SW3 1XJ. Office: 255 Old Marylebone Road, London NW1 5QT
The PCC has one sub-committee which meets when necessary, between full meetings of the PCC: the Standing Committee. The standing committee met once during 2021.
Church Attendance We met for services online from the beginning of January and resumed meeting in church on Easter Sunday, 4" April. This was the earliest date that Government Guidelines and practical considerations allowed. Electoral Roll At the end of the year the electoral roll stood at 154.
Review of the PCC meetings The full PCC met six times in 2021. Topics discussed included our Covid19 response, finances, the community and church life and at some meetings the PCC also looked in detail at particular issues or discussed new initiatives in depth. Financial Review The accounts for the year are shown on pages 9-20.The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing documents, the Charities Act 2011 and “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)”.
A large part of the income received is from congregational giving and gifts from other donors; this is supplemented by maximizing the rental income from parish property and other investment income. The deficit for the year in respect of Unrestricted Funds amounted to £10,913 (2020: £76,373 surplus); the deficit for the year on Restricted Funds amounted to £9,072 (2020: £119,949). The church held total funds at 31st December 2021 of £1,861,943 (2020: £1,881,928) of which £1,826,420 were unrestricted (2020: £1,837,333) and £35,523 (2020: £44,595) restricted. The charity incurred £25,264 (2020: £1,044) of capital expenditure on computer equipment, furniture, lighting upgrade, speakers and piano.
We held gift days in March and November and received a total of £55,765 (inclusive of gift aid) (2020: £39,387) as voluntary donations. One-off donations of £61 ,409 (excluding gift days) (2020: £66,795) was received during the year. Funds raised through venue hire, renting of St Mark's and flat came to £350,985 (2020: £260,426).
Review of the Year The different areas of the life of the church were impacted by Covid19 and we sought to adapt as best we could under the circumstances. Staff Due to Covid19, office life looked very different in 2021. In September, we moved from mainly working at home to hybrid working, whereby most staff could split their week between working at the office/church and at home. Elle Goodman and George Eldridge started working part time as maternity cover for Annabel Burgher who left St Mary’s later in the year to move to Leicester. We said goodbye to Heidi Watt in August and appointed Harriet King as our new church administrator. Harriet left at the end of the year. Andy Haith, a first-year ordinand, joined us to help with small groups and some of our community projects. In September, Sirine Hammami moved from leading our Student Group to becoming a one day
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a week pastoral assistant and Matthew Crawford joined us as our new part-time Student Leader. In November, Long Okada joined the team working part-time with Venue bookings.
Connected Lives
Connected Lives which runs Toddlers, Marriage Preparation, Circle of Security and Hold Me Tight Courses, is an independent charity (Charity Number: 1184376) and reports directly to the Charity Commission on their activities. Connected Lives was thankful for the support that St Mary's gave through use of office space and grants.
Toddlers
Toddlers was able to restart with in person groups in May and the take up was really good. Initially two sessions were delivered on Wednesdays with a maximum number of 15 families attending per session. After the restrictions eased, we were able to return to running two sessions on Mondays and Wednesdays 9:30-11:00am. Over 100 families were supported during the year.
Circle of Security Groups
Nine Circle of Security groups were held with the vast majority being online. We were only able to deliver One in person group due to the restrictions around Covid19. Running the groups online was more accessible to vulnerable parents and had a far greater ‘success’ in getting referred parents to come along to a group. So, although the facilitators found it harder to work online, there were huge benefits that had not been predicted or expected.
Marriage Preparation
We held two Marriage Preparation courses. The first was held across five week nights on Zoom and was attended by 11 couples. The second course was held on a single day and 12 couples attended.
Hold Me Tight
Connected Lives ran two Hold Me Tight Course online in January-March and October-November supported by three EFT facilitators. Having the therapists available to drop into the breakout rooms and help couples where they were stuck enabled Connected Lives to really support couples that were struggling. The course worked very well online.
Under 6s Children's Work
From January to March, we created weekly YouTube sessions for the children to watch with their families at home. From April, we returned to the building which felt good but the return of families to meeting again in church was quite slow due to Covid19 concerns, isolation periods and restrictions.
St Mary's Kids' Church (SMKC)
From January to March the kids got involved with weekly Zoom sessions which included games, short thoughts and prayer times. The children enjoyed this and liked being able to interact with each other whilst in lockdown. From April onwards, the children enjoyed being together back in the school hall.
Holiday Club
In July, we held a Holiday Club, which 25 children attended, most of whom were from the local community. The kids really enjoyed it and we were happy to be able to run a holiday club after not being able to for so long.
Kids’ Movie Nights
Sadly, due to Covid19 movie nights were not able to resume in 2021.
St Mary's School
Due to the pandemic our collective worship moved online via Zoom and this was positively received. We hosted end of term church services online, one of which included an interview with the Bishop of London. A choir from the school performed at our Family Carol Service. Throughout the year, we continued to offer support to both teachers and families.
Youth Department
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From January to April, the youth group (aged 11-16 years), met online via Zoom on Sunday mornings. These online gatherings were a mixture of games, bible study, discussion and prayer. From April, we were able to meet again in person following Covid19 secure guidance including 2m social distancing and the wearing of face masks. This was challenging, particularly in terms of communication, but the meetings were relatively well attended with between 12 and 15 young people coming each week. Once we began to meet in person, those in year 7 also began to attend for the first time. During the spring and summer months, when the weather allowed, we met outside in a local park. This allowed the group to enjoy more non-contact sports and games before coming together (socially distanced) for bible study and discussion. In the Autumn, with the easing of Covid19 restrictions, we were able to return to our pre-Covid space and set up. The Autumn felt like a time of rebuilding and reestablishing core values and activities in youth; a time of returning to things that we had been unable to do for so long, like sung worship and prayer ministry. We were also able to organise a few socials in the latter half of the year. In July, we took 13 youth on a fun day trip to Thorpe Park, we hosted a movie night in August for youth and their friends and we had a takeaway lunch in October to give more space for the group to get to know one another better.
Students
At the start of the year, Student Nights remained online because of Covid19. When schools reopened in March, St Mary's provided bookable slots for the students to come and write their dissertations as many struggled to study at home with their usual libraries being closed. A survey was taken at the start of the summer term to identify topics that the students wanted to find out about before graduating, and we were able to answer these in panel form when in-person student nights resumed. The students found the panels really helpful and loved the diversity of guest speakers. At the end of our summer term, three students were baptised before they graduated.
After the third years graduated, Sirine stepped down from leading students and we hired a new student leader Matthew. He spent his first term building relationships and contact with students through Christian Unions and hosting socials.
Love Marylebone
A social supermarket was established in response to the growing number of people facing food poverty. In October, we were glad to restart the monthly homeless meal with each meal catering for upwards of 40 people whilst fostering a warm atmosphere that the guests enjoyed. The team reconnected with those who attended pre-pandemic whilst also welcoming new guests. We also ran The Money Course online for the first time. Three CAP money coaches were trained and ran the course, which lasted 3 weeks and was positivity received.
Life Course
The Life course did not run due to the constraints around gathering together in person.
Small Groups
When we started the year, all the groups had already been meeting exclusively online for nine months and we started a new group for parents led by Sian and Tom Dixon. By Easter, some restrictions began to loosen so some groups began to meet in person once a month whilst others opted to remain online. All the small group leaders noted that the increased attendance and consistency experienced at the height of the lockdowns had begun to go down since other options became available. In September, Matt hosted a small group leaders’ barbecue to say thank you for all the hard work the leaders had done during the various lockdowns. This was well attended and a welcome opportunity to reconnect after such a long time apart. We also welcomed Andy Haith to the department.
Uganda Mission Trip
The annual trip to Uganda had to be postponed for the second due to the pandemic. We kept in touch with Shadrach and Kiwoko Hospital Staff throughout the pandemic and offered support to them.
Prayer
From February through to April we hosted a prayer evening every other week on Zoom until our early morning prayer restarted weekly in May. The Facebook prayer groups remained open and active, although there were fewer posts than in 2020, which reflected the Covid19 situation slowly improving.
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Family Carol Service There were over 400 at our Family Carol Service and, as usual, people seemed to really enjoy the service and it was good to see so many local families. The service felt warm and friendly. The nativity was really enjoyed, helped by Elle’s brilliant Script and rhyming couplets. Despite being smaller, it still worked to have the school choir perform as it helped us build relationships and encouraged parents along who might not otherwise be there. The youth participation in the Family Carol Service went well with the young people reading their prayers thoughtfully and clearly.
Carol Service
The evening service was full of life and the church was beautifully lit up inside and outside. We had readings and a performance song after John’s talk and lots of people invited friends along. It was Dave's last year heading up all the music and the day felt like a success with both the band, vocal group and the choir pulling together to give vibrant performances and enjoying themselves too. The services were joyful and busy, which was wonderful for everyone there, including the many guests.
Christmas Services Due to omicron rampaging around London, our Christmas Day service was online. Every Day with Matt 2021 was our fifth year of Every Day with Matt. The aim of Every Day with Matt has always been to expose the church to the breadth of the scriptures, to resource people in prayer and to utilise the gifts and experience of our church community. This continued with several new series: Women in the Old and New Testaments, Lamentations, Praying the Psalms, James, Philippians, and The Prayers of the Apostle Paul. Over 100 people in the church wrote reflections, but many took advantage of this being a digital platform and wrote songs, produced videos and painted images to help others to connect with God.
Church App In 2021, the church app was downloaded over 300 times and was viewed between 100-200 times a day and even 500 times when special interest content was released, such as audio devotionals. Sunday talks and other audio files were listened to almost 3000 times in 2021 on the app alone. Church Plants and Friends Our Friends churches across the world were all impacted by Covid19 and many, like us, experienced challenges and lengthy times of online services only. Charities We continued to support a number of charities with which members of St Mary's are associated.
Reserve Policy St Mary's is dependent on voluntary donations, rental income and investment income to sustain its charitable activities and is the basic aim to ensure that routine expenditure is covered by this income. In the event of a shortfall the charity has accumulated reserves of St Mary's church and the Old Mission Hall Trust on which it can call.
The total unrestricted funds of the charity at the year end were £1,826,420; of these funds £1,149,363 can only be realised by disposing of the freehold properties and equipment of the charity, leaving available reserves as defined by the Charities Commission of £677,057.
This is more than sufficient to meet the general reserves policy to retain at lease three months expenditure in free reserves.
Risk Management
St Mary's has systems in place to control and mitigate major financial and other risks. Systems are constantly being reviewed and enhanced to ensure the PCC's resources are protected and used
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effectively and efficiently. The principal risk faced by the PCC lies in the variability of income and performance of investments. The trustees consider variability of income received through planned giving and gifts to constitute the charity's major financial risk. This is mitigated by a regular review of income and its sources by the Chair and Treasurer and consideration of actions needed to remediate this, such as a reduction in planned activities and expenditure.
Key Management personnel remuneration The PCC consider the PCC, including the treasurer and the church wardens, the clergy and the director of operations as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All PCC members give of their time freely and no trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the Director of Operations and in accordance with the Trust's policy withdraw from decision where a conflict of interest arises. Pay is reviewed annually and normally increased in accordance with other churches and charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.
Public Benefit
The PCC are aware of the Charity Commission's guidance on public benefit in “The advancement of religion for Public Benefit” and have regard to it in their administration of the church. The PCC believes that by promoting the Christian faith it provides a benefit to the public by providing facilities for public worship, pastoral care and spiritual development, both for the existing church members and anyone who wishes to benefit from what the church offers and, also, by promoting Christian values and services by members of the church in and to their communities, to the benefit of individuals and society as
We are immensely grateful to God for all that he has done and for all his provision throughout the year.
Revd. John Peters On behalf of the PCC
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THE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARK ST MARYLEBONE
Wyndham Place, London W1
STATEMENT OF MEMBERS OF THE PCC’S RESPONSIBILITIES FOR THE ACCOUNTS
The Members of the PCC are responsible for preparing the Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Members of the PCC to prepare accounts for each financial year which give a true and fair view of the State of affairs of the PCC and of the incoming resources and application of resources of the PCC for that year.
In preparing these accounts, the Members of the PCC are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Members of the PCC are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the accounts comply with the Charities Act 201 1, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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—o—TTT——T—S——ONMNONTHE PAROCHIAL CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH ST MARKNN STOP MARYLEBONEoT MARY BRYANSTON SQUARE Wyndham Place, London W1 INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE PCC OF PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY BRYANSTON SQUARE WITH ST MARK MARYLEBONE | report on the accounts of the PCC for the year ended 31 December 2021, which are set out on pages 9 to 19.
Responsibilities and basis of report
As members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Chartered institute of Accountants England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
- | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Nicholas Corden ACA (Senior Statutory Auditor)
for and on behalf of Summers Morgan Chartered Accountants & Statutory Audito First Floor, Sheraton House, Lower Roa Chorleywood, Hertfordshire WD3 5LH
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Dated... font peu, 20%.
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STTHE MARK PAROCHIALST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
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——e_enSTATEMENT OF FINANCIALkt ACTIVITIESSR HES FORFOR THETHE YEARYEAR ENDEDENDED 3131 DECEMBERDECEMBER 20212021
| Note | Unrestricted Funds £ |
Restricted Funds £ |
Total Funds 2021 £ |
Unrestricted Funds |
Restricted Funds £ |
TotalFunds 2020 £ |
|
|---|---|---|---|---|---|---|---|
| Income andendowments | 1(a) | ||||||
| Incomefrom Donationsandlegacies CoronavirusJobRetentionGrantfromHMRC Othertradingactivities: fundraisingtrading Investments Charitable activities |
3(a) (i) (ii) (iii) (iv) 3(b) |
327,204 23,073 133,212 234,948 4,780 |
8,198 - - : - |
335,402 23,073 133,212 234,948 4,780 |
352,477 31,626 129,129 156,870 7,549 |
60,565 - - - - |
413,042 31,626 129,129 156,870 7,549 |
| TotalIncome | 723,217 8,198 731,415 eS YY—— |
677,651 —— |
60,565 738,216 Ee“ |
||||
| Expenditure | 1(b) | ||||||
| Costsofraisingfunds Expenditureoncharitable activities |
4(a) 4(b) |
61,061 732,731 |
- 17,270 |
61,061 750,001 |
39,918 540,135 |
7,460 173,054 |
47,378 713,189 |
| TotalExpenditure | 793,792 17,270 811,062 580,053 180,514 760,567 0809S 180,514 760,567 |
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| Net income/(expenditure) and netmovement in fundsbeforegainsandlossesoninvestments |
(70,575) | (9,072) | (79,647) | 97,598 | (119,949) | (22,351) | |
| Other recognised gains/(losses): | |||||||
| Gains/(losses) oninvestments | 59,662 | : | 59,662 | (21,225) | - | (21,225) | |
| Netmovementinfunds | (10,913) | (9,072) | (19,985) | 76,373 | (119,949) | (43,576) | |
| Reconciliation of funds | |||||||
| Totalfundsbroughtforward Totalfundscarriedforward |
1,837,333 44,595 1,881,928 — err ee 1,826,420 35,523 1,861,943 —-———— ah EE |
1,760,960 164,544 1,925,504 0,960 164,544 1,925,504 |
1,837,333 44,595 1,881,928 hei 4999 1,881,928© |
The notes on pages 12 to 19 form part of these accounts
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STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
| BALANCESHEET AS AT31 DECEMBER2021 | TotalFunds | TotalFunds | |
|---|---|---|---|
| Note | 2021 £ |
2020 £ |
|
| Fixed assets: | |||
| Tangible assets Investments |
1(c)&8 9 |
1,149,363 689,437 |
1,154,729 631,208 |
| TotalFixedAssets | 1,838,800 | 1,785,937 | |
| Current assets: | |||
| Stocks Debtors Cash atbankandinhand |
10 11 |
730 11,886 134,232 |
640 15,201 156,033 |
| TotalCurrentAssets | 146,848 | 171,874 | |
| Liabilities: | |||
| Creditorsfallingduewithinoneyear | 12 | (73,705) | (25,883) |
| Netcurrentassets | 73,143 | 145,991 | |
| Totalassetslesscurrent liabilities | 1,911,943 | 1,931,928 | |
| Creditors fallingdueafteronyear | (50,000) | (50,000) | |
| Totalassetslesslongterm liabilities | 1,861,943 | 1,881,928 | |
| Thefunds ofthe charity: | |||
| Unrestricted incomefunds Restricted incomefunds |
1(f) 18 |
1,826,420 35,523 |
1,837,333 44,595 |
| 1,861,943 ——SSooOOOOO |
1,881,928 ————— |
The notes on pages 13 to 20 form part of these accounts
Approved by the trusteeson 5.04.22 and signed on their behalf by:
THE REVD JOHN PETERS (CHAIRMAN)
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STTHE MARK PAROCHIALST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
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|---|---|---|---|---|---|---|---|
|2021|2020|
|Notes|£|£|£|£|
|Net cash provided by (used|in) operating|activities|17|(232,918)|(185,975)|
|Cash flows|from|investing|activities|
|Proceeds from|sale of investments|1,433|44,272|
|Dividends,|interest|and|rents from|investments|234,948|156,870|
|Purchase of property,|plant and equipment|(25,264)|(1,044)|
|Net cash provided by (used|in) investing activities|211,117|200,098|
|Cash|inflows from new borrowing (NatWest Loan)|50,000|50,000|
|Change|In cash and cash equivalents|in|the reporting period|28,199|64,123|
|Cash and cash|equivalents|at the beginning|of the|reporting|period|156,033|91,910|
|Cash and cash equivalents|at the end of the reporting|period|184,232|156,033|
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NOTES TO THE FINANCIAL STATEMENTS
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STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
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FOR THE YEAR ENDED 31 DECEMBER 2021
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St Mary Bryanston Square with St Mark St Marylebone is a registered charity and its charity number is 1132566. The Parochial Church Council (PCC) are trustees
of the charity and it has the responsibility, together with the incumbent, the Revd John Peters, to promote in the parish the whole mission of the church, pastoral,
evangelistic,Measure 1956socialas amended and ecumenical. and The The Church PCC’sRepresentation governing documentsRules 2006. came into effect on 2nd January 1957 and are: The Parochial Church Councils (Powers)
Its principal office is at 255 Old Marylebone Road, London, NW1 5QT.
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ACCOUNTING POLICIES The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s) to these accounts. The financial statements have also been prepared in accordance with both the Church Accounting Regulations (2006) and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 01 January 2019 and the Charities Act 2011. The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that own their main affiliation to another body nor those that are informal gatherings of church members. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
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a) Incomeand Endowments Donations and Legacies Collections and donations are recognised when received by or on behaif of the PCC. Gift Aid claims to recover income tax on donations received are recognised in the same period in which the donations are received. Grants to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due and when any condition attaching to the grant are met. Income from Charitable Activity All income receivable from the sale of resources and tunning of events is accounted for gross. Gifts in kind Gifts in kind are accounted for when received and reflected at open market value if such a value may be readily ascertained. Rental income Rental income from the letting of church premises is recognised when the rental is due. Income from investments revaluedIncome from investmentsto market value. is accounted for when received. Gains and losses on investments valued at market value are recognised in the SOFA annually when they are
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b) Expenditure Grants The Church aims to give a proportion of its congregational income in grants to individuals and organisations involved in UK and overseas mission and charitable work. Grants and donations are accounted for on an accruals basis. Costs of Charitable Activity The diocesan quota is accounted for when payable. Pensions The Church operates a defined contribution pension scheme for all staff. For the first year the employee contributions are 5% of net salary and the employer contributions are 3% of gross salary and over one year's standing, employer contributions of 5% of the gross salary and for over three years’ standing, employer contributions of 7.5% of gross salary are made. The PCC make increased employer contributions of 10% for staff members of over 5 years’ standing. Pension costs are charged to the same period as the salary costs to which they relate. Employer contributions are paid to the pension administrator within 20 days of each month end. The apportioning of pension cost into restricted and unrestricted funds is done based on the allocation of staff time to the activities related to respective funds. St Mary's Group pension is with Ageon and personal pensions are wilh Royal London and Nutmeg. Church Holidays and similar activities Income and expenses relating to holidays and similar activities organised by the Church are included in the relevant income and expenditure categories in the Statement of concerned.Financial Activities. When the Church administers funds for activities organised by a third party, funds are heid on the balance sheet until transferred to the third party Operating Leases Operating lease rentals are charged on a straight line basis over the lease term.
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c) Fixed Assets Consecrated Property Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act 2011. All expenditure incurred during the year on consecrated or beneficed property, whether maintenance or improvements, is written off as expenditure in the Statement of Financial Activities. Depreciation of Fixed Assets Tanglible fixed assets are depreciated ona straight line basis over their useful lives on items of over £1,000. The periods used are as follows: Plant and machinery 3 Years Computer equipment 2 Years Fixtures and fittings 3 Years Land and buildings 50 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
-
d) Investments Investments are valued at market value.
-
e) Stock Stock is valued at the lower of cost and net realisable value.
STTHE PAROCHIAL MARK ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
Page 13
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
-
ACCOUNTING POLICIES (Continued)
-
f) Current Assets Amounts owing to the PCC are shown as debtors.
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9) Funds
UnrestrictedPCC. Funds designated funds represent by thethe PCC funds are of also the PCCunrestricted, that are not subject to any restrictions regarding their use and are available for application on the general purposes of the
absorbedThe charity's intorestricted the PCC. funds areDetails of either these thosefunds are where given the donor in note has18. imposed restrictions on the use of the funds or the use of funds are restricted by trust deeds of the charity
h) hand cash alents
overdraftsCash and cashare shown equivalents within includeborrowings cashin in current hand, depositsliabilities. held at call with banks and other short-term liquid investments with original maturities of three months or less. Bank
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i) Financial instruments
The trust 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 the carrying value plus accrued interest less
repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
j) Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income ona Straight line basis over the term of the relevant lease.
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k) Presentational currency The presentational currency is in British Pound sterling and is rounded to the nearest £.
-
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and toliabilitiesbe relevant. that areActual not readilyresults apparentmay differ from from otherthese sources.estimates. The estimates and associated assumptions are based on historical experience and other factors that are considered The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that estimates are recognised in the period in which the estimate is revised where the revision affects only that periods. ,
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|---|---|---|---|---|---|---|---|---|
|THEST MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF|ST MARY BRYANSTON SQUARE WITH|Page 14|
|NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)|
|FOR THE YEAR ENDED|31|DECEMBER|2021|
|3.|INCOMING RESOURCES|Unrestricted|Restricted|Unrestricted|Restricted|
|Funds|Funds|Total Funds|Funds|Funds|Total Funds|
|3(a)|2021|2021|2021|2020|2020|2020|
|(i)|incomeDonations from and|legacies|£|£|£|£|£|£|
|Regular giving|170,237|-|170,237|199,570|-|199,570|
|Collections|from services|2,396|-|2,396|3,218|.|3,218|
|Gift Aid recovered on regular giving and restricted fund giving|37,397|1,368|38,765|43,507|10,480|53,987|
|Donations and appeals|117,174|-|117,174|106,182|-|106,182|
|Other voluntary income|:|6,830|6,830|:|50,085|50,085|
|(il)|Coronavirus Job Retention Grant &|327,204|8,198|335,402|352,477|60,565|413,042|
|Employment Allowance|from HMRC|23,073|°|23,073|31,626|:|31,626|
|(ili)|Activities for Generating Funds:|Fundraising Trading|
|Hire of St Mark's Church|120,212|.|120,212|120,212|:|120,212|
|Rent of flats at 255 Old Marylebone Road|13,000|:|13,000|8,917|:|8,917|
|(iv)|Investment|Income|133,212|:|133,212|129,129|:|129,129|
|Investment Income|16,629|-|16,629|17,961|-|17,961|
|Hire of St Mary’s Church|217,773|-|217,773|131,297|-|131,297|
|Interest from investments & bank interest|16|:|16|108|:|108|
|Realised Profit/Loss on investment|§30|:|530|7,504|-|7,504|
|234,948|:|234,948|156,870|:|156,870|
|3(b)|Income from Charitable Activity|
|BookshopEP|Income|-|-|-|64|-|64|
|Café|-|70|70|
|Life|Course|117|-|117|2,479|:|2,479|
|Church|socials,Church Weekend and church fees|621-|:-|621-|3,059283|:-|3,059283|
|Children, Youth & Students|Departments|1,964|-|1,964|1,215|-|1,215|
|New Wine Ministry|-|-|-|74|-|74|
|Pastoral & Other Courses|Income|20|-|20|:|.|:|
|Love Marylebone|1,608|-|1,608|:|-|:|
|OtherOut ThereMiscellaneous Income|income|450|.|450|180|:|180|
|:|-|-|125|.|125|
|Profit on disposal|of property|4,780|--|4,780:|7,549|:-|7,549:|
|TOTAL INCOMING RESOURCES|723,217|8,198|731,415|677,651|60,565|738,216|
|The Church has one charitable|activity as outlined|in the Annual Report.|
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|STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH|Page 15|
|NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)|
|FOR THE YEAR ENDED 31|DECEMBER|2021|
|4.|TOTAL RESOURCES EXPENDED|Unrestricted|Restricted|Unrestricted|Restricted|
|Funds|Funds|Total Funds|Funds|Funds|Total Funds|
|2021|2021|2021|2020|2020|2020|
|4a)|Costs|of Generating|Funds|£|£|£|£|E|£|
|Costs of|Fundraising Trading|
|Staff salaries|35,824|-|35,824|32,295|7,460|39,755|
|Venue operating costs|6,929|-|6,929|1,732|:|1,732|
|Investment management fees|1,962|-|1,962|1,776|-|1,776|
|St Mary's venue|hire cost|16,346|:|16,346|4,115|:|4,115|
|61,061|-|61,061|39,918|7,460|47,378|
|4(b)|Costs of Charitable Activity|
|Costs directly allocated|to|Activity|
|Grants|26,292|:|26,292|18,114|-|18,114|
|GrantsGrants|-- FellowshipLA|Plant|fund|-|14,430|14,430|-|28,644|28,644|
|StGrants|- One off restricted fund|--|1,740-|1,740-|-:|8,648-|8,648-|
|Mary's|- Homeless meal expense|1,064|-|1,064|501|501|1,002|
|Diocese quota|101,000|-|101,000|101,000|-|101,000|
|Staff salaries|327,861|-|327,861|241,138|80,380|321,518|
|Clergy expenses|6,310|:|6,310|11,437|:|11,437|
|Assistant clergy housing|24,444|-|24,444|24,374|-|24,374|
|Assistant clergy stipend|39,900|-|39,900|39,900|:|39,900|
|Book Shop|-|-|-|100|-|100|
|Café|3,484|-|3,484|2,585|1,724|4,309|
|Life Course|88|:|88|3,402|3,170|6,572|
|Other courses & Pastoral department costs|4,170|-|4,170|368|368|736|
|OutLoveThere Marylebone|2,095|-|2,095|:|-|:|
|Children,|-|-|:|1,002|-|1,002|
|Service|Youth & Students Departments|6,798|-|6,798|2,307|2,306|4,613|
|LA|& worship costs|19,504|-|19,504|4,503|4,503|9,006|
|Church Plant expense|-|-|-|-|-|-|
|The Centre expense|-|-|-|-|302|302|
|One off restricted fund expense|-|1,100|1,100|-|1,695|1,695|
|Conference|315|-|315|185|-|185|
|New|Wine|:|-|-|1,115|-|1,115|
|New Wine Ministry|-|:|-|207|-|207|
|Other Church activities|including staff events, church socials|4,966|:|4,966|2,063|1,065|3,128|
|568,291|17,270|585,561|454,301|133,306|587,607|
|Support costs|- 4|(c)|157,840|-|157,840|79,227|39,748|118,975|
|Governance costs|- 4|(d)|6,600|-|6,600|6,607|-|6,607|
|Total cost of charitable activities|732,731|17,270|750,001|540,135|173,054|713,189|
|TOTAL RESOURCES EXPENDED|793,792|17,270|811,062|580,053|180,514|760,567|
|4(c)|Support|costs|SSer|SS|———|
|BankBank charges charges|- OMHT Account|1,615-|--|1,615|1,639|-|1,639|
|Professional|-|:|24|24|
|St|fees Non-governance|1,860|-|1,860|784|:|784|
|Mary's School hall rent|3,120|-|3,120|1,200|-|1,200|
|255 Old Marylebone Road|1,459|-|1,459|2,023|-|2,023|
|St Marks operating|cost|2,843|-|2,843|-|203|203|
|Depreciation|30,630|-|30,630|7,890|18,897|26,787|
|Church maintenance|22,390|-|22,390|13,339|-|13,339|
|Office maintenance|2,725|-|2,725|-|1,374|1,374|
|Church running expenses|57,889|:|57,889|23,527|19,250|42,777|
|Office running expense|33,309|:|33,309|28,825|:|28,825|
|157,840|:|157,840|79,227|39,748|118,975|
|4(d)|Governance|costs|
|Professional fees|6,600|-|6,600|6,607|:|6,607|
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STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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Page 16
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5. GRANTS
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GRANTS Unrestricted Restricted Total Funds
Funds Funds 2021 2020
Grants to institutions 3 £ £ £
LA Church Plant
KiwokoShadrach Uganda Project 1,800- 920- 2,720- 8,800-
Nelson Hospital Uganda 2,992 601 3,593 -
St Street Church Plant 6,000 - 6,000 :
Mary's School 1,000 - 1,000 -
Connected Lives 10,000 - 10,000 10,000
Grants to other institutions 3,600 219 3,819 7,240
Total grants to institutions 25,392 1,740 27,132 26,040
Grants to Individuals
FellowshipOne-off grantsFund to individuals 900 - 900 722
Total - 14,430 14,430 28,644
Grants to individuals 900 14,430 15,330 29,366
Total Grants 26,292 16,1 70 42,462 55,406
Grants to individuals associated with Restricted Funds comprise Fellowship Fund grants.
Grants to institutions associated with Restricted Fund comprise of grant to Paddington Food Bank, Kiwoko and grant to Uganda.
In 2020, grants were given to 9(2020-7) institutions and 25(2020-31) individuals.
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6. STAFF COSTS
| STAFF COSTSCOSTS 2021 |
2020 |
|---|---|
| £ | £ |
| Wages | |
| - Unrestricted (StMary'sbasedstaff) 324,482 ~ Restricted (St Mary's staff) - Social security costs |
232,502 84,851 |
| - Unrestricted (StMary'sbased staff) 17,491 -Restricted (StMary's staff) - Pension contributions |
17,967 6,100 |
| - Unrestricted (StMary'sbasedstaff) 21,712 - Restricted (StMary's staff) - |
14,890 4,963 |
| 363,685 | 3611273 |
| Theaveragenumberof fulltimestaffemployed intheyear: No. No. - Unrestricted (St Mary's based staff) 12 11 -Restricted(nonStMary's staff) ee:oe |
|
| No member of staffearnedmorethan £60,000 intheyear. (2020: None) During2021,thefollowing staffweremembers orconnectedtomembersofthePCCorinPositionofcontrol: Rev'dJohnPeters(Clergy),JennyPeters (Spouse), Matt Coombs (Clergy), SallyWatson(Director ofOperations). AllthesePeoplewereworking fulltimeorparttimeforthecharityatsomepoint during 2021. In2021, thestaff listed abovewhowereeithermembersofthePCCor relatedtopeopleonthePCCorinpositionofcontrolreceivedemoluments totalling to£107,429(2020 -£103,443). Thepayments totheLondon Dioceseincludes thestipendsofthevicarandcurate.As isstandardpracticewithintheChurchof England, thevicarandcurate receiveeither housingorhousingbenefit. |
7. INDEPENDENT EXAMINER'S REMUNERATION Independent Examnier's remuneration
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2021 2020
£ £
3,000ee 9,000_
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Page 17
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STTHE PAROCHIAL MARK ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
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8. TANGIBLE FIXED ASSETS Land and Plant and Computer Fixtures and
Bulldings Machinery Equipment Fittings Total
COST £ £ £ £ £
AdditionsAs at 1 January 2021in the year 1,332,441 256,142 42,494 27,546 1,658,623
Disposals [in] [the] [year] -° 16,6536 2,132- 6,479‘ 25,2643
As at 31 December 2021 1,332,441 272,795 44,626 34,025 1,683,887
DEPRECIATION
As at 1 January 2021 182,915 251,744 41,972 27,263 503,894
DisposalsCharge forin thethe year year 16,650: 9,950- 1,588- 2,442- 30,630-
As at 31 December 2021 199,565 261,694 43,560 29,705 534,524
NET BOOK VALUE
As at 31 December 2021 1,132,876 1 1,101 1,066 4,320 1,149,363
As at 31 December 2020 1,149,526 4,398 522 283 1,154,729
9. FIXED ASSET INVESTMENTS
Cash Equities and Total
bonds
As at 1 January 2021 - Market Value £ 1,315 629,893£ 631,208£
DisposalsAdditions in the year 2,199 - 2,199
Net [movement] [in] [cash] - (1,670) (1,670)
Change in value in the year (1,962) - (1,962)
As at 31 December 2021 - Market Value eee1,552 ee687,88559,662 689,43759,662
Historic cost:
At 31 December 2021 (2020:£505,610) . 503,940 503,940
The ee—=——— SS
charity has invested funds in the Barclays charity fund.
10. STOCKS 2021 2020
Finished £ £
goods and goods for sale (Books). 730 640
The amount of stock expensed during the year was nil (2020:£1,050). =—ooSqq——730 640
11. DEBTORS 2021 2020
Debtors £ z
Prepaymei n cludingts and Gift accrued Aid taxincome recoverable 10,908 13,101
978 2,100
5201
12, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020
Taxation £ £
Deferred and [income] social security costs 6,574 6,331
Other 43,817 11,134
Bank [loans] creditors [and] & [overdraft] accruals 17,545 6,508
5,769 1,910
ee73,705 25,883
13(a) DEFERRED INCOME
In 2021, £43,817 (2020-£11,134) was received for hiring of St Mary's church hall for various events in 2022.
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STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH
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Page 18
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
14. ANALYSIS OF NET ASSETS BY FUND
Fixed Assets Current Assets/(Liabilities) Within current assets is restricted cash of £35,523 which cannot be used for general purposes.
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Unrestricted Restricted Total
Funds Funds Funds
£ £ £
1,838,800 - 1,838,800
(12,380) 35,523 23,143
1,826,420 35,523 1,861,943
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- OPERATING LEASE COMMITMENTS
Lessee At 31 December 2021 the company had outstanding commitments for future minimum lease payments under noncancellable operating leases which fall as follows: 2021 2020 Within one year 8,227 8,227 BetweenIn over five two years and five years 4,262 7,104 * . The amount of lease cost recognised in the year as expense was £24,382. 12,489 15,331 Lessor The operating leases represent leases of land and buildings to third parties. At the reporting end date the PCC had contracted with tenants for the following minimum lease. 2021 2020 WithinBetween one two year andBetween one two year and one two year and two year and year and and five years 111,083 120,830 In over five years years s- 110,000* 111,083 230,830
WithinBetween one two year andBetween one two year and one two year and two year and year and and five years In over five years years
- RELATED PARTY TRANSACTIONS Aggregated donations received from the trustees or related parties without conditions was £53,440 (2020 - £67,082). Four family members of the trustees and three trustees were engaged on an adhoc basis to help with various activities of the church and payments were made to them for the service provided (£3,455) (2020: £784). No grants were given to the trustees (2020:£2,600). The trustees are not paid any remuneration for discharging their duties as a trustee. There are no balances owing to or from any related party at the year end (2020 - Nil).
17. CASH GENERATED FROM OPERATIONS GENERATED FROM OPERATIONS FROM OPERATIONS OPERATIONS
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CASH GENERATED FROM OPERATIONS GENERATED FROM OPERATIONS FROM OPERATIONS OPERATIONS 2021 2020
£ £ £ £
Net movement in funds (19,985) (43,576)
Adjustments for:
Depreciation of fixed assets 30,630 26,787
(Gains)/osses on investments (59,662) 21,225
Dividends, interest and rents from investments (234,948) (156,870)
Movements in working capital: (263,980) (108,858)
(increase)/decrease in stock (90) 2
(Increase)/decrease in debtors 3,315 -
Increase/(decrease) in creditors 47,822 .
51,047 :
Cash absorbed by operations absorbed by operations operations (232,91 8) ( 52,434)
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Cash absorbed by operations absorbed by operations operations
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Page 19
STTHE MARK PAROCHIAL ST MARYLEBONE CHURCH COUNCIL OF ST MARY BRYANSTON SQUARE WITH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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|---|---|---|---|---|---|---|---|---|
|18.|ANALYSIS|OF RESTRICTED|FUNDS|
|Old Mission|LA|One off|
|Hall Trust|Fellowship|Churchplant|The Centre|Restricted|Total|
|INCOMING|RESOURCES|Fund|Fund|Fund|Fund|Fund|Funds|
|Voluntary Income|3(a)(I)|-|5,558|1,275|.|1,365|8,198|
|:|5,558|1,275|:|1,365|8,198|
|RESOURCES|EXPENDED|————.eee|ovo|Ss|SES|8198|
|Costs|of|raising funds|4(a)(i)|:|-|-|-|-|
|Costs of Charitable Activites|4(b)|-|14,430|-|-|2,840|17,270|
|A|
|NET MOVEMENT|IN FUNDS|————SS|840|17,270|
|-|(8,872)|1,275|-|(1,475)|(9,072)|
|BALANCE|BROUGHT FORWARD|
|AS AT 1 JANUARY 2021|-|30,072|2,969|11,554|44,595|
|BALANCE|CARRIED FORWARD|
|AS AT 31 DECEMBER 2021|:|21,200|4,244|:|10,079|35,523|
|ss|gE|
|ANALYSIS OF RESTRICTED FUNDS|- Comparison figures|- for year ending 2020|
|Old Mission|LA|One off|
|Hall Trust|Fellowship|Churchplant|_—‘The Centre|Restricted|Total|
|Fund|Fund|Fund|Fund|Fund|Funds|
|INCOMING RESOURCES|
|Voluntary Income|3(a)(i)|-|51,533|2,969|-|6,063|60,565|
|OhGS|60,565|
|RESOURCES EXPENDED|
|Costs of raising funds|4(a)(i)|7,460|.|-|-|7,460|
|Costs of Charitable|Activites|4(b)|133,765|28,644|-|302|10,343|173,054|
|———————_Sae141,225|28,644|ie-|302|10343810,343|180,514180,514|
|NET MOVEMENT IN FUNDS|(141,225)|22,889|2,969|(302)|(4,280)|(119,949)|
|BALANCE|BROUGHT FORWARD|
|AS AT 1 JANUARY 2020|141,225|7,183|-|302|15,834|164,544|
|BALANCE|CARRIED FORWARD|
|AS AT 31|DECEMBER 2020|:|30,072|2,969|.|11,554|44,595|
|ne|a|LE a|
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The Old Mission Hall Trust Fund was set up to further mission and other ecclesiastical work of the church within the former parish of St Mark's St Marylebone; and to receive income from and to administer St Mark's Church. The former parish of St Mark's Marylebone has been merged with the parish of St Mary's Bryanston Square for a number of years and has been treated as one parish by both the London Diocese and the PCC ever since. Where costs are incurred which cannot be identified as relating specifically to buildings in either former parish, or occur outside of the whole parish costs are allocated OldequallyMission betweenHall theTrust two formerrestricted parishesfund. within the parish. The costs associated with the former parish of St Mark's St Marylebone are expensed against the The Fellowship Fund comprises funds given for the purpose of helping those in the congregation in financial need. ConnectedThe Centre hasLives becomein 2020. a new charity(Connected Lives) from 2020. The Centre restricted fund balance amount from 2019 (£302) was donated to The LA Church plant Fund comprises funds given for the purpose of planting a new church in Los Angeles, USA
The One off Restricted fund comprises of the congregation's giving to Kiwoko Hospital ,School building fund in Uganda and other one off specific recipients.