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2021-12-31-accounts

Annual Report & Financial Statements of the Parochial Church Council of St Anne’s Church, Soho 2021

PRESENTED 15TH MAY 2022

FULL PAROCHIAL NAME

St Anne with St Thomas and St Peter, Soho in the Diocese of London Registered Charity No. 1132589.

ADDRESS

St Anne’s Church 55 Dean Street London W1D 6AF

020 7437 8039

www.stannes-soho.org.uk info@stannes-soho.org.uk

LEGAL ADVISOR

Diocesan Registrar The Old Deanery Deans Court London EC4V 5AA

DIOCESE OF LONDON

London Diocesan House 36 Causton Street London SW1P 4AU

020 7932 1100

SOLICITORS

Winckworth Sherwood The Old Deanery Deans Court London EC4V 5AA

INVESTMENT MANAGERS

CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ

INDEPENDENT EXAMINER

Julia Burford FCCA 182 Park View Road Welling Kent DA16 1ST

PARISH RECORDS AND ARCHIVES

The records are deposited in the Westminster City Council Archives:

City of Westminster Archives Centre, 10 St Ann's Street, London SW1P 2DE

020 7641 5180 archives@westminster.gov.uk

The Soho Collection for St Anne’s includes:

BANK

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

2

CONTENTS
o OFFICERS OF THE CHURCH 4
o RECTORS REPORT 5 - 6
o CHURCH WARDEN’S REPORT 7
o REPORT ON ACTIVITIES OF THE PCC 8
o ELECTORAL ROLL 8
o SAFEGUARDING REPORT 9
o DEANERY SYNOD REPORT 9
o TREASURERS FINANCIAL REPORT 10 - 14
o INDEPENDENT EXAMINER’S REPORT 15
o STATEMENT OF FINANCIAL ACTIVITIES 16 - 21
& BALANCE SHEET
o SUPPORTING ST ANNE’S 23 - 24

3

CHAIR OF THE PCC

REVD SIMON BUCKLEY

PCC SECRETARY

JAKE LEE

EX OFFICIO MEMBERS OF THE PCC

REVD CANON DR KEITH RIGLIN - Assistant Priest (until Apr 2021) REVD PAUL GURNHAM - Curate

TREVOR LANGFORD-READ - Treasurer

MARK GODFREY - Church Warden JOHN WITTS - Church Warden

ANDREW MACKAY - Deanery Synod Representative

ELECTED MEMBERS OF THE PCC

LESLIE HUDMAN (elected 2019) PETER HARRIS (elected 2019) HEIDI ZAMZOW (elected 2020) PHILLIP BALDWIN (elected 2020) LUCY HAINE (elected 2020) MARCELO PESCI (elected 2020) SUZANNE BAKER-DOWNES (elected 2021) JAMES WARDLAW (elected 2021)

4

Rector’s Report

If we entered 2020 with no awareness of a looming global pandemic and its effects upon the world and our little church, we began 2021 certain only that the disruption we had faced in the previous year was set to continue. I am thankful to be able to report at the start of 2022 that St Anne’s has come through this challenging time remarkably well. Many churches have been hit by a fall in both income and attendance and face uncertain futures. St Anne’s is bucking the trend financially - which I will leave to our Treasurer to detail in his report - but also in terms of congregational vitality and its life overall.

We ended the year with higher than average attendance in church on Sundays than we had before the pandemic. There is no singular reason behind this, neither are we attracting people from only one demographic. In a year in which some in the C of E’s hierarchy have appeared to deride the parish church as an outmoded and unaffordable concept, I am sure that it is by our being faithful to the peculiarly Anglican witness of a church that is there to serve the whole community in which it is set, being the body of Christ in Soho, through which we have not only survived but grown as we live out our mission of gospel service. This is expressed through offering intelligent worship with dignity and warmth, giving pastoral support that is both practical and prayerful, and through imaginatively responding to the question ‘what is God calling us to do?’ along with being generous and creative with all that we have.

We have done this through:

5

To all who have benefitted from what we have offered I say “you’re very welcome”. To those who have helped us offer it I say a very big “thank you” for your support however you give that. Special thanks must go to Jake Lee for being the most accommodating, cheerful and helpful Operations Manager any organisation could wish for, and to Trevor, for keeping a close eye on our finances whilst never losing sight of the bigger picture. To Mark and John for their unstinting willingness as Churchwardens to make sure that everything runs smoothly ‘front of house’ and to those who have assisted them in the relentless moving of furniture that the last year required. To Annie (and also Anthony) for providing us with endless music and musicians of exceptional quality, to David, Alison and Stephanie, our duty caretakers, for being on the front-line of welcoming people in and putting bins out. To Joao for the stunning flowers, beautifully kept gardens and so much more, and to James and Adam for being respectively Electoral Roll and Safeguarding Officers - essential, if not exactly glamorous roles, in every church. To Peter and his team for ensuring no-one leaves worship without the offer of a cuppa and a slice of cake at the very least and for his co-ordinating of the Thursday Pensioners’ Lunch. To the PCC for continuing to ensure St Anne’s stays ‘on message’ and for also its kind gift to me on the 20th Anniversary of my ordination as a priest.

Last, but not least, to Fr Paul for being such a dependable rock, companion in ministry and asset to St Anne’s throughout this year, to Fr David for his continued prayerful presence and support and to Ellen Clarke-King for joining our merry band.

And to the very small number who, for varying understandable reasons, have left St Anne’s in the last year I want to say thank you for being part of our life, God bless you in your journey of faith, and remember there is always a place for you here. Amongst those I say that to, is, of course, Fr Keith Riglin, now Bishop of Argyll and The Isles, to whom we bade a fond farewell last summer with hearty thanks for his faithful and joyful ministry here over more than six years.

The final word is to us all. It comes from someone who had started attending the AA meetings during lockdown, simply “Thank you St Anne’s. If you had not been open I honestly don’t believe I would still be alive, thank you, God bless you”.

Fr Simon

6

Church Wardens Report

2021 has been a challenging year due to the COVID-19 pandemic.

Chattels

As the official and legal guardians of the chattels and silver of St Anne’s, we have made the following changes:

Building Structure

The buildings are wearing well, but there is always ongoing work.

Careful management of our resources has allowed us to set aside enough to cover the costs of essential repairs and improvements.

Property Assets

All our properties are currently let to long term tenants. The Church continues to let out its other useable spaces to local groups and businesses. No property was gained or disposed of in 2021.

We are extremely grateful to:

John Witts & Mark Godfrey

Churchwardens

7

Report on the Activities of the PCC

The PCC met four times across 2021.

The following Standing Items were discussed at every meeting:

The following matters were all discussed or agreed at meetings during the year:

Jake Lee

PCC Secretary

Electoral Roll Officer’s Report

2021 saw a revision of the electoral roll which was presented at the APCM. The electoral roll now stands at 83 as at end 2021.

29 Residents

54 Non residents

James Wardlaw

Electoral Roll Officer

8

Safeguarding Officer’s Report

At St Anne’s, we have had no Safeguarding incidents since the last APCM. On the PCC’s behalf I have continued to maintain an accurate list of Disclosure & Barring Service (DBS) checks, monitoring when they are due, for those in key roles within the Church.

Adam Bell

Safeguarding Officer

Westminster (St Margaret) Deanery Report

Andrew Mackay

Deanery Synod Representative

9

Treasurer’s Report

The audited figures for income and expenditure at St Anne’s are set out in detail in the Statement of Financial Activities commencing on page 16. Those figures provide a detailed breakdown of the financial income and expenditure.

The Financial Statements have been examined by an Independent qualified examiner as required by the Charities Act.

Where there are references [n] these refer to the explanations contained in the ‘Notes to the Financial Statements’ commencing on page 18.

Budget

A budget is an estimation of costs that are anticipated. More often than not, it will not be accurate in its entirety hence being referred to as a budget. Unforeseen expenditure or under-spend may occur throughout the year. The budget and expenditure are therefore reconciled at the end of each budget year.

The budget for 2021 was been largely informed by the Covid19 pandemic. In the previous year (2020) the pandemic had a huge impact on our funds and income dropped dramatically due to loss of rents and room hires. In 2021 we still experienced some uncertainty but I am pleased to say that at the end of the year we were able to balance the books without too much cutting back. Expenditure, although trimmed to the maximum was still a greater burden. We ended 2021 with a deficit of £20,946 between what we took and what we spent. Note that Centrepoint are currently on a rent hold during negotiations for a new lease. This has meant a shortfall of around £46,000 which would have provided a positive surplus of £7,866 at the end of the year 2021.

Accounting Policy

It should be noted that the figures show income and expenditure on an accrual based accounting system.

Unrestricted and Restricted funds

St Anne’s income and expenditure is divided into Unrestricted and Restricted funds. The figures below represent the unrestricted funds – that is to say funds available for the support and ministry of St Anne’s. Sometimes we are given funds for a specific task and these are known as restricted funds to be used only for the purpose for which they were given. The only current restricted fund is the Bryan Burroughs ‘clock’ fund.

With the monitoring of the income and expenditure by the administrator and regular reports by way of meetings with the treasurer and reports to the PCC I am pleased to say that St Anne’s has come through very close to budget.

10

The figures show that our income was 3.25% below budget and that the expenditure was above the expected figure by 11.5% making a net variation of 8.25%

Budget Actual % of budget **Variance +/- **
Income £ 264,236 £ 255,643 96.8% - £ 8,593
Expenditure £ 256,664 £ 286,204 111.5% £ 29,540

From these figures you will see that our income was £8,593 less than anticipated and our expenditure was more than the budgeted amount at £29,540.

By way of comparison to 2020 the figures were as follows;

2021 2020
Incoming Resources £ 264,236 £ 198,891
Resources Expended £ 256,664 £ 245,380

Unrestricted Funds 2021

Income

Funds come into St Anne’s in three principal ways.

In 2021 the total unrestricted income to St Anne’s, as indicated under Incoming Resources was £255,643.

Voluntary income such as church collections and regular giving amounted to £66,638[[2a]] .

Our primary source of revenue is by way of short-term lettings which account for £158,359[[2b]] . This figure comprises the hire of the Hall, Allen room and Tower room together with small rentals. Church activities brings in additional funds which amounted to £28,090[[2c]] for the year. The combined sum, together with income from investments and some events amounts to £255,643.

Expenditure

In the year to December 2021 the total expenditure for St Anne’s activities amounted to £286,204.

The two biggest calls on the funds of St Anne’s are our commitment to the London Diocese ‘Common Fund’ which in 2021 was £85,200 and the salary costs of the Church which amounted to £86,421[3 ]

It is worth noting that St Anne’s does not receive financial support from the Diocese and that we are self-sufficient in regard to administration and repairs costs which on occasion may be substantial.

11

Common Fund (3)

The Common Fund is money given by every parish in the Diocese of London to a central ‘fund’. It is collected from parishes like St Anne’s, to pay and support clergy, and to further the work of the Diocese in all parishes across London (hence the name “ Common Fund”).

In 2021 our contribution towards the Diocese amounted to £85,200.

Employment & Administration Costs[3]

St Anne’s employs a full-time administrator as well as caretakers for out of hour’s lettings. In addition we also employ a facilities manager on a part-time basis. Nearly a third of the total employment costs for the parish are for caretaking fees. While not an employee as such, we also support the curate in full by way of our contribution to his stipend and costs. This is done together with a generous benefactor.

Other Expenditure

Apart from the Common Fund and Employment / Administration costs which traditionally take up the bulk of the funds there have been on-going cleaning, repairs, renewals and building maintenance work which has incurred both calculated and un-planned expenses. These are detailed at [3] on the notes to financial statements

Charitable Giving and Support[4]

St Anne’s supports the community and further afield in a variety of ways including providing cash donations to various organisations. St Anne’s also provides free or reduced rate facilities for the use of social and welfare groups.

In 2021 St Anne’s gave £5,411.50 as follows[4].

Mousetrap Theatre Projects
Christian Aid
Deanery Schools Fund
Soho Parish School Choir
Refugee Action
USPG
Ozanne Foundation
£		 2,000.00
1,000.00
654.00
607.50
500.00
500.00
150.00
5,411.50

In addition St Anne’s provided a rent free or reduced room hire to others in the sum of £32,407 which takes our total charitable giving to £37,818.

Investments & Reserves[6 ]

St Anne’s invests funds through CCLA who are one of the UK's largest charity fund managers. They only manage investments for charities, religious organisations and the public sector and are largely owned by clients' funds. We use two of their offerings; The CBF Church of England Investment and also the Church of England

12

Fixed Interest Fund. In addition, we hold some money on short-term deposit to cover our obligations to re-decorate the Rectory from time to time. All investment & reserve funds form St Anne’s ‘reserve funds’ and these are held in trust by the PCC. The investment shares returned an unrealised gain of £2,557 in 2021.

The investment capital is held as St Anne’s financial reserves and short-term deposits. We do this in order to have funds available at short notice to cover significant repair or other unforeseen costs. These reserves have helped us to keep going in the extraordinary circumstances of the 2020 pandemic. The PCC reviews these each year to ensure that adequate funds are available without losing out on any potential investments. The reserves are not used in the day to day operation of St Anne’s but for situations where our income is jeopardy such as occurred in 2020.

At the 31st December 2021, the financial reserves stood at £93,502[[6]] . It should be noted that in addition we also have reserves of £6,190[8] which is the balance of the fund bequeathed by Bryan Burroughs which is held in a restricted account.

Gift Aid

St Anne’s is grateful for financial support by way of donations and as a registered charity, can claim back 25% of the value for all donations made by UK tax payers (providing the donor has paid enough tax to cover all of their charitable donations and not just the donations made to St. Anne’s). If you give financial aid (regularly or otherwise), you are encouraged to do it by way of Gift Aid or Standing order (details at the end of the report).

Bank

We currently bank with the CAF (Charities Aid Foundation) bank. This bank is expressly focused on Charity banking and provides a number of useful facilities to ensure both transparency and ease of management of St Anne’s funds.

Bryan Burroughs Fund 2021

The Bryan Burroughs fund is our only restricted fund. Bryan Burroughs was a great supporter of St Anne’s and was instrumental in getting the Church rebuilt in the 1990’s. When he passed away one of his legacies to St Anne’s was a cash sum for the upkeep of the clock. This is known as the Bryan Burroughs fund . In 2021 this fund stood at £6,190 [2020 = £6,959].

Capital Works

St Anne’s has a rolling program of capital works to maintain and improve the Chapel, community hall and other areas.

The sum of capital works for 2021 amounted to £10,116 (2020 = £77,050). This was largely reduced due to the pandemic which required caution with our funds and in addition the actual difficulty of getting anyone to undertake works in 2021. Finally, the capital works are not part of the regular day to day budget as they are not regular, year on year costs.

13

Risk Management and Financial Control

It is vital that St Anne’s as both a Church and a Charity is transparent in financial matters.

The Treasurer and PCC continue to identify and review major risks to which we are exposed and already have procedures and identified systems in place to manage these. Controls in place at St Anne’s help ensure that purchases have been authorised, and that the goods or services ordered have actually been received. These controls help ensure that only necessary and authorised purchases are made and that funds exist within approved budgets to meet the expenditure.

I am confident that with the methods and procedures in place at St Anne’s we can demonstrate both transparency and accountability for all our funds. As a result, opportunity for fraud, dishonesty or error is minimised.

In conclusion, I would like to thank our parish administrator and officers of the church in 2021 for the dedicated and efficient manner in which they have overseen the finances and to all those who gave freely in support of St Anne’s throughout the year.

Charity Responsibility

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

They do this as trustees of the charity and I am grateful to them for their oversight and guidance during 2021.

Trevor Langford-Read PCC Treasurer

----- Start of picture text -----
Income & Expenditure 2021
£30,000.00
£25,000.00
£20,000.00
Income
£15,000.00
£10,000.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Income £11,096.14 £10,727.92 £16,199.39 £15,909.82 £18,449.13 £21,192.17 £26,217.27 £16,941.32 £26,658.79 £21,354.26 £18,767.59 £22,473.66
Expenses £16,620.90 £17,779.26 £17,551.82 £28,963.25 £21,772.25 £20,061.82 £24,998.04 £20,052.26 £25,208.28 £21,010.33 £21,162.11 £30,824.33
----- End of picture text -----

14

Financial Statements for the year ended 31 December 2021

Independent Examiner's Report to the Members of the Parochial Church Council of St Anne's Church Soho

I report on the financial statements of the church for the year ended 31 December 2021 which are set out on pages 16 to 21.

Respective responsibilities of members and examiner

The PCC members are responsible for the preparation of the accounts. The members consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts; and seeking explanations from you as members concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiners’ statement

Since the gross income for the year exceeds the amount provided in Section 145(3) of the Act; I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.

In connection with my examination; no matter has come to my attention:

  1. Which gives me reasonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with section 130 of the 2011 Act; and

  2. b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

  3. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Julia Burford

Member of the Association of Chartered Certified Accountants 77 Upton Road, Bexleyheath, Kent DA6 8LN

15

Statement of Financial Activities for the year ended 31 December 2021

Note
Incoming resources
Voluntary income
2(a)
Activities for generating funds
2(b)
Church activities
2(c)
Investment income- income received
Total incoming resources
Resources expended
Church activities
3
Donations
4
Total resources expended
Net incoming resources before other
recognised gains/(losses)
Revaluation gains/(losses) on investments
6
Net movement in funds
Balances b/fwd 1 January
Balances c/fwd 31 December		 Unrestricted
Restricted
funds
funds
66,638
0
158,359
28,090
2,557		 TOTAL
2021
66,638
158,359
28,090
2,557
255,644
280,543
5,661
286,204
-30,561
11,957
-18,604
251,145
232,541		 TOTAL
2020
66,849
96,808
32,672
2,561
255,644
0		 198,890
280,206
337
5,661		 241,170
4,210
285,867
337		 245,380
-30,224
-337
11,957
-18,267
-337
244,618
6,527
226,351
6,190		 -46,490
5,747
-40,743
291,888
251,145

16

Balance Sheet for the year ended 31 December 2021

Fixed assets
Fixed assets- tangible
Fixed Assets- investment
Total fixed assets
Current assets
Debtors- rents receivable
Short term deposit- CBF deposit
fund
Cash at bank and in hand
Current liabilities		 Note Unrestricted Designated Restricted
funds
funds
funds
36,481
99,752
136,233
0
0
5,234
5,157
6,190
82,110
92,501
0
6,190
2,383
0
0
90,119
0
6,190
226,352
0
6,190
226,351
6,190
226,351
0
6,190		 TOTAL
2021
36,481
99,752
136,233
5,234
11,347
82,110
98,691
2,383
96,308
232,541
226,352
6,190
232,541		 TOTAL
2020
5
6
7
8
8		 57,159
87,795
144,954
5,319
14,139
89,459
108,917
Creditors and accruals
Net current assets
Total net assets
Represented bv parish funds
Unrestricted
Restricted
Total funds		 2,727
106,191
251,145
244,618
6,527
251,145

The notes on pages 18-22 form part of these accounts.

Approved by the Parochial Church Council and received by the Annual Parochial Church Meeting on 15th May 2022 and signed on its behalf by:

Reverend Simon Buckley Rector of St Anne’s, Soho Chair of the PCC

Jake Lee PCC Secretary

17

Notes to the financial statements

1. ACCOUNTING POLICIES

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have been prepared under FRS102(2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practise, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared on the accruals basis.

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year and cost at least £2,000. They are valued at cost and depreciated over 4 years.

Moveable church furnishings

Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Funds

Unrestricted funds represent the general funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purpose of the PCC.

Designated funds are general funds set aside by the PCC- they remain unrestricted and the PCC will move any surplus to other general funds.

Restricted funds must be spent on restricted purposes and details of the funds held are shown in the notes to the accounts.

18

Notes to the financial statements

Incoming resources

Collections and donations are recognised when received by or on behalf of the PCC.

Gift aid is recognised when the income is received.

Rent from land and buildings owned by the PCC and leased by licence under faculty is recognised when the rent is due.

Rental income or income from lets to organisations whose aims either accord with those of the PCC or are supported by the PCC is treated as "Income from church activities".

All other rental income or income from lets is treated as "Income from activities for generating funds"

Investment assets

Investments are valued at market value at 31 December and unrealised gains or losses are accounted for in the SOFA.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for any amounts that may prove uncollectible.

Resources expended

Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC.

Any diocesan quota unpaid at 31 December is provided for as an operational (though not a legal) liability and shown as a creditor in the Balance Sheet.

19

Notes to the financial statements

2 Incoming resources
a) Voluntary income
Covenanted income
Collections at services
Grants and Legacies
Donations
Gift aid recovered
b) Activities for generating funds
South passage rental
Airspace rental
Mobile mast/Air extractor income
Hall lettings
Allen room and Tower room lettings
Fund raising
c) Church activities
Centrepoint rent
Vance room rent
Fees for funerals etc
Other income
Lunch club income
3 Church activity expenses
Diocese contribution and church fees
Ministry, including hospitality
Sanctuary goods
Provision of music at services
Lunch club expenses
Headlight and water costs
Cleaning and waste disposal
Small repairs, maintenance and gardening
Clock and other major repairs
Insurance
Legal and professional fees and payroll costs
Independent examiner's fees
Health and safety
Communications, printing and stationery
Staff costs (see below)
Computer and photocopy costs
Depreciation
Other costs
Staff costs
Wages and salaries
Employers Nl
Pension costs		 Unrestricted
funds
19,084
8,066
22,830
10,432
6,227
66,639
14,430
10,857
16,731
33,630
82,098
612
158,358
920
20,964
1,407
3,098
1,701
28,090
85,200
4,722
3,217
8,851
2,206
7,133
7,345
11,807
10,116
6,722
5,220
660
3,299
6,084
86,421
3,704
20,678
6,820
280,205		 Restricted
funds
0
0
0
337
337		 TOTAL
2021
19,084
8,066
22,830
10,432
6,227
66,639
14,430
10,857
16,731
33,630
82,098
612
158,358
920
20,964
1,407
3,098
1,701
28,090
85,200
4,722
3,217
8,851
2,206
7,133
7,345
11,807
10,453
6,722
5,220
660
3,299
6,084
86,421
3,704
20,678
6,820
280,542
85,602
819
86.421		 TOTAL
2020
14,255
6,675
34,128
7,055
4,736
66,849
6,660
10,857
17,231
26,225
35,425
410
96,808
19,541
11,543
200
337
1,051
32,672
85,200
3,545
1,688
6,690
858
7,836
4,908
16,806
432
6,703
8,677
480
4,759
5,904
60,227
2,348
22,605
1,504
241,170
59,540
687
60,227

During the year the PCC employed a full-time administrator and a part time caretaker. There were no employee benefits to key management personnel in the current or previous year.

20

Notes to the financial statements

4. DONATIONS MADE

Christian Aid 1,000 Mousetrap Theatre Projects 2,000 Other donations less than £1,000 2,661 Discounts on room hire to charities and other small donations 32,407 38,068

Unrestricted
Designated
Restricted
funds
funds
funds
Cost at 1 January 2020
90,411
Additions during the year
0
Old assets written off
0
Cost at 31 December 2020
90,411
Depreciation 1 January 2020
33,252
Old assets written off
0
Charge for the year
20,678
Depreciation 31 December 2020
53,930
Net book value 31 December 2021
36,481
Net book value 31 December 2020
57,159
6 INVESTMENTS
The PCC holds 4,145 units in the CBF Investment fund and 1,696 units in the CBF
Fixed interest Securities Fund. The funds were valued at market value at 31
December- the unrealised gain for the year was £11,957
Unrestricted
Designated
Restricted
7CREDITORS
funds
funds
funds
PAYE
332
Accruals
1,890
Pension payments
161		 Unrestricted
Designated
Restricted
funds
funds
funds
Cost at 1 January 2020
90,411
Additions during the year
0
Old assets written off
0
Cost at 31 December 2020
90,411
Depreciation 1 January 2020
33,252
Old assets written off
0
Charge for the year
20,678
Depreciation 31 December 2020
53,930
Net book value 31 December 2021
36,481
Net book value 31 December 2020
57,159
6 INVESTMENTS
The PCC holds 4,145 units in the CBF Investment fund and 1,696 units in the CBF
Fixed interest Securities Fund. The funds were valued at market value at 31
December- the unrealised gain for the year was £11,957
Unrestricted
Designated
Restricted
7CREDITORS
funds
funds
funds
PAYE
332
Accruals
1,890
Pension payments
161		 Unrestricted
Designated
Restricted
funds
funds
funds
Cost at 1 January 2020
90,411
Additions during the year
0
Old assets written off
0
Cost at 31 December 2020
90,411
Depreciation 1 January 2020
33,252
Old assets written off
0
Charge for the year
20,678
Depreciation 31 December 2020
53,930
Net book value 31 December 2021
36,481
Net book value 31 December 2020
57,159
6 INVESTMENTS
The PCC holds 4,145 units in the CBF Investment fund and 1,696 units in the CBF
Fixed interest Securities Fund. The funds were valued at market value at 31
December- the unrealised gain for the year was £11,957
Unrestricted
Designated
Restricted
7CREDITORS
funds
funds
funds
PAYE
332
Accruals
1,890
Pension payments
161		 TOTAL
2021
90,411
0
0
90,411
33,252
0
20,678
53,930
36,481
57,159		 TOTAL
2020
21,668
68,743
0
90,411
10,647
0
22,605
33,252
57,159
11,021
7CREDITORS
PAYE
Accruals
Pension payments		 Unrestricted
Designated
Restricted
funds
funds
funds
332
1,890
161		 TOTAL
2021
332
1,890
161		 TOTAL
2020
1,497
1,230
0
2,383
0		 2,383 2,727
Unrestricted Designated Restricted TOTAL TOTAL
7 CREDITORS funds funds funds 2021 2020
PAYE 332 332 1,497
Accruals 1,890 1,890 1,230
Pension payments 161 161 0
2,383 0 2,383 2,727
8 PARISH FUNDS
Unrestricted funds
Restricted funds
Bryan Burroughs clock fund
Total restricted funds		 Balance
Income
Expenditures
01.01.21
244,618
267,600
-285,867
6,527
-337
6,527
0
-337		 Transfers
0		 Balance
31.12.21
226,351
6,190
6,190

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The Rector: Revd Simon Buckley rector@stannes-soho.org.uk 07964 403368 0207 437 1012

@annessoho

@stanneschurchsoho

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Support St Anne’s Church

The Church of England is becoming less able to rely on its historic assets to generate income, so parish churches like ours have to become as self-sufficient as we can and, if possible, help poorer parishes in London. We believe we are making our buildings (and people!) work very hard to generate as much income as possible, but we also need support from our congregation and the people who know us. If you would like to support us then please complete the form below to help ensure that St Anne’s continues its worship, work and witness in Soho.

Standing Order Instruction

Bank Name Bank Address Account Name Sort Code Account Number Please pay the sum of £ Date of first payment Frequency MONTHLY / QUARTERLY / ANNUALLY (DELETE AS APPROPRIATE) Until FURTHER NOTICE Bank Name CAF BANK Bank Address 25 KINGS HILL AVE, KINGS HILL, WEST MALLING, KENT ME19 4JQ Account Name PCC OF ST ANNE WITH ST THOMAS & ST PETER, SOHO Sort Code 40-52-40 Account Number 00022443 Signature Date

Boost your donations by completing the declaration overleaf

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Charity Gift Aid Declaration

Boost your donation by 25p of Gift Aid for every £1 you donate

Gift Aid is reclaimed by the charity from the tax you pay for the current tax year. In order to Gift Aid your donation you must tick the box below:

Your address is needed to identify you as a current UK taxpayer.

Title

First Name Surname Address Line 1 Address Line 2 City

Postcode

Date of declaration

Please notify us if you:

If you pay Income Tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your Self-Assessment tax return or ask HM Revenue and Customs to adjust your tax code.

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