'I'RIIS'I'F'F'S' R Tr'POR-I I'O 'I-IIF' 2021 .IC.-C.-01.'N'I's Striicture. governance and management 'I'hc ine(Iiod ol. appointnienl ol. P('L InLnibLrs is scl oiit in Il)c ('hiirLlI Representatioi) Rules. All Cliurcli allendees ai"e encoUraged lo I"egiisler on Ilie I,"lecloral Roll aiid sland for electioi) to the l)L'C. 'I"Iic l)CC has Ic Standiiib Conimittcc Lompri4ini) the incumbcnl. chiirchii'aiden4. secretary and treasurer wliose piii"i)c)se is to scrulin ise and foriniilate thL agienda of the PC.C, <2nd lo trdnsact on behal l- ofthe l)("Q- siich business as 15 delegyaled lo il. NLw' In¢mbLFS of tlie IJCC aiL' InduLted by tlic Kliidf, LhiirLh"'d1dL.jI1 and IJCC. sccictdry, The lidri4h w()uld n()t lunLtI()n ivithi)Iit ilie %iipp()rl c)I' In<lny dediLdted viiliinteer% i¥'h() liai'e a ke}, role iii (Ill area5 01- paroLhial li le. 'I'he PCC havL hdd rLgJdid t() thL' Liuidaiice i%%UL.d b}1 thL Charity Coninii%%ii)ii on piibliL l)Liiefit. St s Primrosc Hill: -I'riJstccs 'I'hL followii)gJ SLfi'Ld in tliL yLar to .3 I DLLLn)bLr 2021.. Rewd l)rcb. NlarjoFiC Brow'n {inciimbent) ex-officio levd Mai"k W'akefiL'ld lassislanl i)ricstl cx-otticio Revd l..iiii ly Kolliveit lassisiaiil cuialel ex-orricio Rodd J, I101)roe Q'liurcliil'arden F.Iciinc I Icdg)er Cliiircliii.'ardcn Ted Riiscoe Hon Treic siirer Ainan(la I1ai"tin [)('(' Secrelary ILo-upte(11 J udy (ireeiibirass PL'C. iiieiiiber Derrick C'how [)('(' nieinl)er Giles Ill£2tkiiis PC'C Ineinl)er PCC niLmbLr I)CC' iiieinl)er Pl"(" nieinber I)CC' nieinl)er PCC mLmbLr P('(' iiiLmbci' P("(" riiLiiibLr PL (' Iiieiiibei. DLanLry Svi)od niembcr Dcc1ners' Svnod Ineinber DLaiiery %!nod n)Liiiber l)ec1nei")' Syi)od iiieiiiber Siniciii J(Iines C.d%ey ()pii()iig) Okezie Soiiia RLnii'ick lai'iai)a l.o/.yi)ska lebeLLa C'liesworili Ross Gilinour P<2111 Heiningxs F.11( iiie HedLicr .4 lexa Q'ai"iei" Objectives and Aclii"ities St Mary'4 1)C'C is resp()nsilile tor L()-operaliiiLI I4'iili the iiicuinlieiit, in proin()tillLI 111 tlie eLclesi(151ical p(Irish Ilie wliole iiiissioi) ol. tlie Q'liurLlI.- i)asloi-1c l. ewanbieliLal. SOLial aiid eciiiiieiiiial. It lia.4 resp()11511i1lily f()I the niaiiiteiiaiice of tlie chiiilli buildiiiLI ¢iiid Ilie adj()Ininb St lary's Cenli-e. Its Missioii Action ljlaii provides delai Is of lis strategyjc iliiiikiiib,.
Wc)r%liip in tIIL. .Iii¥il{)-CdtlioliL tldditii?ii of thL. ChiiiLh ()f' L.ii(Jlaiid 1% inaintdlllLd_ CJ()i?d
preaching and choral rniisic arc hallmL2rks of Ihc parish. In ils scri ICL lo Ihc local coinmiinii}'. Ihc
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The restricted fund of £30,792 includes £211 for choral scholarships (from the Hampstead Church Music Trust), £25.941 for Grow the Wonder and £2965 for the wld weather shelter (which could not be held in church for the second year running). An amount of £672 is held as a surplus from the pilgrimage fund of 2017. The Justice and Peace ¢onllnitt¢e fund is £882. Outlook The y¢ar ended with a Surplus of £93.747. Income ne&ls to continue to rise to meet our regular commitments, build reserves and beyond that to extend our mission and plan for future refibiShrneTrt. This is a challenge for the congregation and the PCC. Our Common Fund commitsnent for 2021 reniains at £85,200, the same as in 2021. Reserves Policy The PCC ended the year with a surplus of £62,956. This sum, though nol restricted or fornially designated, includes a significant amount regarded as seed money (c. £60,000) for the capital project to mark the 150th anniversary. The PCC tbinks it should also hold reserves sufficient to cover three months. recurring expenditure (£60,000). We are making stcady progress towards this goal. Operational Strueture The PCC has two bank accounts and a share account. All fmancial questions or suggestions should go first to the Treasurer. Ted Ruscoe (or via a message through the Parish Administrator). Stewardship r¢conls are dealt with by Cathy Howard. Risk Management The PCC aT¢ committed to managing, and if practicable to reducing, the major risks that th¢y have already identified. They also seek to identify new risks as tbey arise and subject them to the same process of nwwg¢m¢nt and reduction. (Signed) Mariori¢ Brow Vicar 22.03.22
Parochlil Church Councll of 8t Mary the Wryln Prfmw•• Hll Ststernet of Flnanclal ActlvlUeB Fortheyear ended 310ecernber 2021 TOTAL FUNDS 2021 TOTAL FUNDS 2020 Unrestncted Unrestsicted Funds Funds General Designat Ilestricted Fund5 (Note 111 Notes Incvmv and vndvwrnent• Irom- 3a 230,079 6z.sefj 3.Q23 295.668 75.540 30S,819 298.OS5 62,566 27 872 ChariiablÈAcrNrfs Investmentincome Total Incomlng rMourc•• 75.540 371.208 3Z6 081 RMourc•A •xp•nd•d 267.421 267.421 70.874 76.874 344 295 307.6Z5 344 295 367 625 Tow reul¢m •MpMd•d Nrt Incornfr b•tor• galn• and lo•u• on Inv••tment• 28.247 11,3341 26.513 {41.5841 Nrt r•¢ognli•d 94lnWllo•iMI on In¥•AtmA 2,Q22 2.022 3.409 rt Intom• •i¢•roln •M4101• 11,334} 28,936 131,1811 Tr4nifern belween fund• 27.8Z3 N6t mov•m•rt In fund• 26AB9 28.935 130,1551 RKonGll•tlon ol Fund• Trtgl funds brought tOf¥wr4 8t i Jan 2021 60.510 4.302 64.812 102.967 Totsi fun0• ¢•d•d ftbrw•rd at 31 Dec 1021 93,747 The Notesio thknoulltyftym p8rt¢l mese Finanual Stalements
Parochlal Chutth Counell of StM¥ry th• Wvgln PrtmfOS0 HIH l8#¢• Sheet at 31 Dv•mb•r 2[¢21 Noleo FUND8 2Q21 FUNDS 2020 Fl¥•d i•Ht• Urrfjuotfrd th8re8 OU0 Bh8re8 47 47 Total flxed asMt• 14,178 12.156 Curr•n¢ ¥•ts Debtors Cash al nk And in hand 9.492 71.727 81,219 42 741 54.256 Credito1¥ amtyJnLsfalliDg wthin oneyeai 11.8001 14et current ust• 79,568 52.656 Totsl a58ets les• current Il•bllftl¢$ 93.747 64.812 CredilN5 arnounls IAlling du¢8fteroneye8r NerA55ETS 64 812 Fundo RKtrfctqd fund• 30,791 4,302 utsr•$ffi¢t lunds Gener41 62,966 60.510 64.812 The NthStOlh•¢¢ounl¥fotrn partol th•b• Fin•91 St8¢tmtyit• AppM¥•d ty th• PCC on 18 M•r¢h 2022 and s*n•d on thr b•h•W by R•v•t•bd Malorffr Brow oddy Monro• IChur¢hw4rd•n
Payh[al Church Coun¢ll Sl M•ryth• Vlrylth Pmr0 Hlll NOTES TO THE FINANCIAL STATEMENTS FOR TFE YEAR E140ED 51 DE¢EM8ER 2021 N¢t• I BASIS Of PREPARATrON T firwtyal swements are pp&red u)il Ch8Dbe5 Act 2011 and In Jc¢uddnc¢ Ih• Church Accounti RegulaDons 2006 9Dveming the IndiwduAI ac¢wnw ol PCC& the Regulalion5'Xrue and fail provi0. togeer witr FRS102 120161 a5 the applicable acCounn9 $¥ndar¢$ •nd the 2Q16 version ol the Slalerneniol Récomrnended PracDce" Accounung And Repornry by Charibes ISORPIFRS1Q211 Tne financial thtemen15 have be prepared undeF the h15tyri¢81 co51t¥o) ex¢wior ihe valuabon of quoted finanagl as$8r8Whi¢h Shovin 31 markelvalue. The Parochbal Church IPCCI 15 4 PUD1 bwmfllefflily ¥bithinthe m08ning ol FR5102 1.2 GOING CONCERN TheTe ale no material uncertaintses reLited toevents oreKn¢ity¢n• th• ¢4St i10n¢t dtyJt4 on Lhe PCC'B Ablityto contynuÈ as 0 gtyng ¢ontwn 1.3 eFIA14GE IN ACCOUNTING POLICY The accounts preseni a true ana iail wNAnd the awwnbng pc4ityi •ro8$ tyJUinBd Inlhil nc4e. Theie hAva èosrt no changes of accohjntyfig polic¥ In Uli$ pErio¢ 1A CHANGES TO ACCOUtr471NG ESTIMAYE$ There have béBn no ¢hanoe$ 8¢counong $tymateJ In peiiod 1.J PIATERIAL PRIOR YUR ERRORS No rnatenal plyear èrrors have bèen Identhed In the repcrftyng penod Not•2 ACCOUNTING POLICIES 2.1 INCOME R8¢vgnlUon of In£om Cmgregauonal giving. donOn$. grants. tereSt. Oiwdwos othe nnccffje are IrKludJ In the Stat•tt•nlof Finarhrlal Acuvitses ISOFAI enth8 PCC becornes enlrtlEd totre ie4ources and the rnonet8ryV8IuE be rneaswed th sumdeni r8h¥Lwlity Oll••ttlng Thèrè h98 teh n¢ Offsetyjng of aSGetG aid IIAbilitses oi ol Inojme ano ¥xpwtstr& required or permrtt¢¢ FRSt02 SORP Tax rnclilms Oh doM•tloni and glfto GIftAid rec•vatle is Incjuded Incomeknen there is a val1 de9r8bOn from the donor. Any tsrftA T0V8 on a donèbon 15 Consered 10 be partofthat orft and 1$ ¢01t¢0 tots sarne fvnd as the inioal unle40l¥ has specifa othErwn$È L•g4cI¢s Lègscies are Indud&l In the SOFAthM <4c¢ipt 19 prob8iqe. that 15. ther• hA9 be 8 grant of wcbats. the Exewtors ave established that theiè ar• $UTfI6nt runLIF in E5tète and anyeondityonl •ua¢h6d to legxyAreathervAthin ¢he ¢tyiirol ol the PCC OT can t¢met vu1•er help The VAlOf vduntaryhdpisnolintluded fft the 8¢¢(wnld buii8de6cribed in th• PC¢'$ •nrtu¥l ¢port Inv•itM•ttt 9oln• and IOAMA Thi& Iude5 aryrèaliw unreali58d gainsorlosses on the ol inyestrnents and any wn orloss rU. frorn revaluing Inve6tments IiTr merket value aithÈyear end 2.5 EXPENDITVIIE AND LIABlTIES Ll•blJity recognltS0 LiatIeS Are ie¢wnised hthere n Is rnore Iikdythan IB a legal or construetiV•Qtyig8bw ccrfnmmn9th0 P¢¢ to youl resources and theAmwni olthe otyKJ8bon can be Mealred Y•im re•sth•We certainty Go¥•m•nc• G0vp[n¥n costs arecharged to ¢h9rit81) 8¢tywtie5 Radund•n¢y co•ts PCC madé no tedundancy paymens dudngthfy rswrbry
P•ro¢hl•l Church Councll St Mary the Vlrgln Pmr• HIN Defevrttd In¢om• NoMtsri itern ddeferred Income ho¥ Indydeo in thPfinan stalthThnis Credftor¥ The PCC hol crethtor8vthth 8r¥fflFaSUT84 al 5eldem¢n1•fflnI$ lesi 8nytr8de dillcvunts. Cert81n IlltsTes1 Iree lo•ns hove be¢n provided a Tepoymthil d•te •n¢J thtte a16 èteounied loris being repayable emand Provl¥loni lorllibllhl•• A Iiablity Is mÈasurÈd 8t rts hi$¢onczl cost and then subM9u•nty me81UTed $1 Lbe bast ¢stsmats of tr8rnount required to Bethe the obligAbDn as the rerNJtrg date 2A ASSETB Tinglbl• flx•O 814•ts lor ui• by th• PCC CseCr31ed and bèneli¢ed propery 15 exduded from th¢ •courf by 8 1012}llll and Icl gf the Ch¥nti•$AEI 2011. Oth¥fix8d 88$8ti are catalIsEd If they c•n be us6d lor fflore Ihan one y•8r 8nd c£éi èlleast £2 000. Equiwl U1n the thur¢h w8mists thal hats not bean written ell i•déprtciate6 over its expe¢tyd uselul lrfe As Idlo4y& Fi193 fitbnys Compu1 •quipMnt 25% $tr814TrlllinB straigMII mo¥ae church fuini•hing$ h4d bylhe Vicai and Churchwardons on truslfor the PCC. 8nd thich require a 18wltyfor dispts$•l 8fe¥¢uunted as Inalienatrlew¢perty unlemcsecia. They4r•116100 In Churl Invenw. be Inspecled. Unquoted shares ¥rtvalued al hiEtoriccoJl. In¥eÈthisrtts In quot& 5haresand p¢okgd Invstmenlfunds areVAIL initi•¥y81 costand wbsequtntlY¥t laii value irnartet Va) atlhFyeorfjnd Debtorn Debtors. In¢hJOing tryde debtors and GIA r$¢pVer8e. are rneasured on Inibal r6¢tynilioTr èi 6etVBmwtt8mounl arter any trade discounlg or •mounl Jdvanced by the PCC. Subqvenlly theyare m•a6u•r¢4 li tho CaBh LY othw conèidor•ts expectsd to recwv. abh at bink Clth 1$ h4d In bank dop)srts SrtipaYae on dérnond 2.S FUNDS Uhr••trfcted Fund¥ r8presertlh• r•miln9 Incmw IL0 olth• PCC th81 we$¥albhf9T gpending on the g¢n¢ral purposes ol th¢ PCC. The R••trttt•d FundBareincom¢ lund¥ u)•t rnusl be spentan rmtrthd PurpD5 and oltl*funds•re ¥et 1 In N¢ie11
P•r0¢h5 Chyrch Councll St th• Vlryln Prfmro•• Hlll NOTES TO THE FINANCIAL STATEMENYS Icontlnuodl FOR THE YEAR ENDED JI DECEMBER 2021 Not• J Incorn• ind 4ndowm•nts trorn.. TOTAL FUNDS Z021 TOTAL FUNDS 2020 Unrestrict4d Unie51nLtsd Funog Funos Gentr81 De8ign81e Reslrided FundJ Ja DonaliDn5 andLegaues anned giving. Grft Aided Olher Regular GiwDg- non Gift ded Col8¢ty4n$ 81 all Seiwces Sundry OonabDnS-Gift ded Sundry Oonabon$- tvjn GiftAvJed Income tax recover8Lq6 Covid Recovery Grant Refund ofVAT Leg8tye$ 103,794 103.794 111.406 13723 3470 2.968 2,980 8,971 90,597 129.22$ 28.205 56,0 3,778 8.976 24.033 28.205 56.0th) 3.778 12 509 305 619 293.0SS 23Q.Q79 75,540 L£dure Sw45 Degner Fair Bar 12.223 12,223 16.316 3,503 5.607 20,924 4,934 6.438 3,503 3.607 20,924 4,934 %.06Q e2,566 sw Chuich and SMC knnq$. Oro8n r¥r• Parcchial fee OtherEvents 239 395 l.gBO 27,872 Jc Invrnentincome Oiyidends and Inre 3.023 Totsl InGomlng re•riiirce• 29$ $$8 75.540 371 208 326 061
Pirochlal ¢hurth Councll St MArythq Vlrglr pmr01 Hlll NOTES TO THE FINANCIAL STATEMENTS i¢•nUnu•dl FOR THE YEAR ENDELI 31 DECEMBER 2021 Not• 4 lIOUrC6 ¥xpond•d Unie51ricted Unreststhd Funds Fund$ General Designaled Resthcted Funds TOT FUNDS Z021 TOTAL FUNOS 2020 N¢t•% Chanla)le JGbvrtMs Comffl Fund Vicar and Vi¢arage Exp8ns¢S Vicarf5 Discrety(m8ry Fd Parochial Fee5 Ministry Team expèn Rent on curate's fl81 Sac115ty Worship bDoks, feel ènd pufd1¢8DMS Organi61 Assistsnl Orgath61 ChLMr Fee6 Parish Adminilliator TephOne Office Survl Puilicity Hospitslity GÈneial MaintaiTrance Architect's tse8 Organ main*nonce Lincfee 85.200 2.102 700 542 824 22.200 1,206 2,324 8.100 2.200 8.430 34.667 695 10.957 4.64$ 2.097 31.300 18.212 8$.200 2,102 70tt 542 824 22,20Q 1,206 2,J24 6,100 2,200 $M30 34,6S7 695 10,967 8S.200 4650 loo 420 22 200 1487 270 5000 1 800 2330 34.282 008 6.129 75 422 24.302 31.430 2,097 31.300 18.212 315 627 6.498 5.799 2.358 560 S.828 245 8.188 7.793 4.502 425 6.324 8,166 7.793 4,502 Gas El•¢tritity Water Insurance J&P Committee iund raising costs J&P CommittÈe lund donatson5 OtherChante d¥08 Youth chor$1 S¢hcAAIg Chvrth flower Cdd Weather Sheher Bishop's Discrebon8ry Fmd Growthewthid 6,324 12 405 2.801 43,4D4 105.794 9.974 920 608 350 43.404 1.497 1,497 22,355 22,365 le¢turè Senej 743 2.308 791 1.$$0 267.421 743 1,3118 791 1 2 Shop Independent Exafflinatfj fe Tot•1 r•swvu• •xp•nd•d 215 1 800 544 195 307.025 7e,874
P4ro¢hl•l Chur¢h Couo¢ll of Sl M¥ryth• Vlryln. Pdmto• Hlll NOTES TO THE FINANCIAL STATEMENTS IconUnuBdl FOR THE YEAR E140ED 51 DECEMBER 2010 Not• 6 Lvages ondsa18n•s Parish AdnUniBtraT 34.667 6.100 2.200 14,791 34.262 5.000 1.800 86.3S4 A65istsnt Or9AniBt FB¢$ Youth Wothers DuTing tr8yearlhe PCC ernplwed a pan6h 11strator and paid fees to the organist and 89818ni organist Youth Workers werefuDded troffl resknctsd funds. The PCC offers a defined on schem¢lhrough NEST Not• 6 Trdn5AconI R•lafO P8trW•8 Durin4 year ihe PCC reimbursed certain thIrj expense$ pfthp wpendary ergY t68m. Othtrt opt80 PCC members. specificaly the pafish admininltratsr. LYganisE. a6615tAnt DryArn$t r•¢eNtd paymenES detailed above. St M•ry'$Crth CornmuntyTruslcea5e4 lo be a Fdated party In June 2020 The Fnends of St14Jt¥s IReg151ered Charty f40. 10786551 thhichwas o rtY Is In the prC4£tsnll VKNJnd up Not•7 Anity•ls olN6t Ii••t• tyy futtd LJnr¢otnJèd Fund5 RgBtrid¢d Fun0• Total Fund• 2021 InVe$bitI Dbtors Cash at bank and In hand Current haknlibe5 12,188 38.430 1,600 4.302 42.741 1.600 64,812 Notel Unquoted Inwstm•nt¢ IB6 shares In the English Hhthn81 Ccthp8ty Limited (Registered In England and Wales on Isl Novembw 1926ilh Registratson Nurnbor 21721218r8 shosw althe hisonccost olE46.50 14ote 9 PrapAym•nts •nd Debtorn 1021 2020 InrelaX rets)¥waWe 9A92
Ptrochial Chufch Covn¢ll St Nary th• Vlryln PrtMfo•e Hlll NOTES TO THE FINANCIAL 8TATEMENTS1¢oniinv•dl FOR THE YEAR ENDED 31 0ECEM8ER 2020 111 Cr•dhon.' arnountj falllng due wbthln Dny¢r 2021 2020 IndepEndEnl EXtrynati anoA¢¢ountsn 1.600 1.600 NOTe li Mo¥•MbAnt In Futsd In Year B¥1 In¢om• l Jan 2021 Expendituie Olhei 93in$ 8nd1¢8588 Tr8nsfern. 31 Lle¢ 2021 Unr0•t Fund General fund 60.51Q 295.088 267.421 2.022 127.8231 .95• 60 $10 285.668 267,421 2.02? R•thcted Fund You Choral SchcAAI$ IRaBtrfctod) Jusiice & Peace Cdd Weather Shetter Spwfic th3rity8pwI$ Parish Pilgrimage tsrow e WondeT 15.5ei 10.000 43,404 27.823 1.32e 88? 1.422 82 Z,985 100 672 29,1 1.563 672 48.296 22.355 75.540 76,874 27.823 Yotsl lund• 371 208 140ts 12 Charlty DonaUons 2011 2Q2(1 Imertaith Matters ChildrEn'¥ Stiryety Mane Cune Criw8 Chnstsan VSPG Royal 8rilish Lepion BIShf41'8 DIECliOry Fun 300 873 404 231 405 ooo 2CKS 350 29$4 Parochlal Church Councll St M4ryth• Vlrylts PMI¢¥I Hlll NOTES TO The FINANCIPL STATEMENTS IcoThtlftued}
FOR THE YEAR ENDED 31 DECEMBER 2021 Nots 13 Prlor p•rtod ¢omp•r8tlw s¢rt•melli of fln4nclal ictl¥lU TOTAL FUNDS IQ20 TOTAL FUNDS 2019 unrTr) Unrestricted Fund% Fund$ G4neral Dewgnat8d Restricted Funds (Nots 111 Noi0 In¢om• 4nd wdowm•nt• trom.. Dgnaiions JndLegaGleS Chariiable Ac9$ Invesimentin¢ome Totsi In¢omlno rmOu 34 3b 3¢ 190,993 27.872 134 224,999 101.062 298,05$ 240.403 Z7,87Z 70.514 134 326 061 512 535 101.062 R•sour¢ès èxpènd Charilable Jclrvihes Totsi re60urcu expended 250 798 250,798 116.827 116.827 367 625 329.710 367,625 329 710 N•¢ In¢om• boftsr• galns •nd Iosms on Imwtments 125.7991 N•t r•cogn15ed 941nlI05l n inv•¥trn4nt 3,409 3.409 2,248 Nrt InGorn• Jftvg•ln• and108H• n InY••tmonts 122,3801 138,1561 114.927) Trnnsf•rs b•tt¥••n funds 14,90e Not mo0¢ In fund* 129,1481 (J8,15$1 114,9171 Totsl fund5 broughl foN4ard al l Jan 2020 89,85e 8.150 5.159 102,967 117,894 Total lund• forward ai J1 O•c 2020 61 81Z 117.894