Registei-ed Charity No. 1132895 PAROCHIAL CHURCH COUNCIL -ALL SAINTS- MARGARET STREET LONDON WI ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Re(yistei"ed chai.ity No. 1132895 Parochial Church Council (PCC) of All Saints Mai"uaret Street Annual Report and Financial Statements for tlie year ended 31 December 2020 Coiiteiits Pages ANNUAL REPOR T OF THE PAROCHIAL CHURCH COUNCIL Pait I: Aiin aiid pui-poses Part 2: Objectives aiid activities Pairt 3: Acliieveinents aiid pei"foi"Iiiaiice Pait 4: fiiiancial review Pai-t 5: Fiiiaiicial stateineiits (set oiit 011 pages l 0-25) Pai"t 6: Plaiis foi" futui"e pei.iods Pai-t 7: Stl'LlCtiii"e, (sovernaiice aiid Inaiiageineiit Pait 8: Adin iiiisti-ative infoiinatioii FINANCIAL STA TEMENTS Stateiiieiit of PCC I"esponsibilities 10 Indepeiident exaniiner's repoi"t Stateiiieiit of fiiiaiicial activities 12 Balance slieet 13 Cash flow stateineiit 14 Notes to tlie finaiicial stateinents 15-22
Annual Report of the Parochial Church Council (PCC) of All Saints Mar(saret Street for 2020 Part I: Aim and purposes Tlie pi"iJnai"y object of the pai-ocliial cliui.ch council (PCC) of All Saints Mai"(yai"et sti.eet is the proinotion of tlie gospel of oiii" Loi"d JesLlS Chi-ASt accoi.ding to tlie docti"iiies aiid pi"actices of tlie CIILirch of Eiiglaiid. Tlie PCC lias tlie respoiisibi l ity of coopei-atiiig witli the iiiciiinbeiit iii pi-oinotiiig in tlie pai'isli tlie wliole Ini ssion of tlie cliiircli, pastoi"al, evangelistic, social and ecLiinenical. Tlie PCC is I"espoiisible foi- tlie Iiiaiiiteiiaiice of the fabi-ic of tlie cliiirch bLiildiiio; All Saints margai.et Sti-eet is a Gi"ade I listed bLiildiiig i-ecogiiised as beiii(y of intei'iiatioiial ai.cliitectiii.al aiid IiistOl"iC SiCTiiificaiice. Part 2: Objectives and activities The PCC is coininitted to eiiabliiig as Inajiy people as possible to Ivoi-sliip at oiii" cliLlI"cli and to becoiiie pait of Olir pai.isli coininiiiiity. Since its foLiiidatioii, tlie pai.isli lias beeii at tlie Iieai"t of tlie catliolic ti.aditioii of tlie ChLlI-cli of Eiiglaiid, taking foi"wai"d tlie Ivoi-k of tlie margai.et Cliapel on tliis site wliei'e tlie Ti"actariaii Iiioveineiit, ori(yinating Liiider Keble, PLisey aiid Newinan in O,xfoi"d, was fii.st plaiited iii Loiidoii. Since tlie becsji]Iiiiig, tlie Suiiday litiii.gy lias beeii celebi.ated witli dLie spleiidoLlI-; eacli day tlie divine office is I"ecited and tlie Inass celebrated in tlie cliLlI-cli wliich has beeii kept opeii for pi'ivate pl.ayer aiid also foi. tliose wlio are illqLllSltive to view tliis exti"aoi"diiiai-y buildiiig dedicated to tlie glory of God. Howevei-, iii 2020 tliis was sei"iOLisly disi-lipted by tlie coi-onavii-lis paiideinic. Diii"ing 2020 tlie periodic decoi<2tioii of the extei'ioi. of No. 8 Mai"garet sti.eet was Iindeitaken aiid tliei'e were minoi" woi-ks to tlie electi.ical iiistallatioiis. fiill details appeal. in the Cliurchwardens, Report 011 tlie babi.ic and Aiticles. Tlie PCC have coinplied witli tlieii" dLity to Iiave diie I"e(yai'd to tlie chai.ity Coiminissioii's piiblic beiiefit gLiidance wlieii exei-cisiiig aiiy powers oi" dLlties to Ivliicli the giiidaiice is I'elevaiit. Tliey have also coiisidei.ed tlie specific gLiidance 011 cliai'ities foi" tlie advaiiceinent of relicTiOII. Worsliip aizdprayer Since tlie foiiiidatioii of tlie pai"isli, clioi-al Jniisic of tlie h igliest staiidard lias SLlPI)Olted tlie PLiblic celebi"alioii of tlie litiii"gy. Siiice tlie closiii"e of tlie clioii- scliool iii 1968 a professioiial clioii. of woineii aiid Iiieii lias been Inaiiitained. Tliis is a sigiiificaiit cost to tlie PCC altlioiigli a siibstaiitial pai"t is Iiow coiiti"ibLlted by tlie All Saiiits CIILlI"cli Maiyleboiie Clioii" aiid MLlSiC Ti-ust. The PCC coiisidei-s tliat Ilie Inaiiiteiiaiice of tlie clioi.al ti"adition as pai"t of tlie Inission of tlie cliLlI-cli is a PLiblic beiiefjt. Followiiiiy tlie tliii"d Siinday iii Leiit tlie Iiatiire of piiblic woi"sliip and celebi"atioii of tlie saci"ainents was severely affected by tlie national lockdowii dlie to tlie coi.oiiavii-LlS paiideinic Until the lockdown in Leiit, Inoi-liiiig aiid eveniii(T pi"ayei- wei"e piiblicly I"ecited seven days a week and Inass coiItIllLied to be celebi.ated 20 tiiiies eacli week. On Siiiidays Iiigli Inass aiid soleinn evensong aiid beiiedictioii were celebi.ated witli fiill choii-. Fi-oin 19 mai.cli tlie cliui.cli I"einaiiied open foi- pi-ivate pi-ayei" witli a non- coininiiiiicatiiig Iiiass being celebi.ated eacli day at tlie Iiigli altar beliind the locked cliaiicel gates. Live sti'eaming of tlie Inass coininenced on 22 Mai-cli, Laetare Slinday. Fiii-tliei" i-esti-ictions Nvei"e iinposed 011 23 mai.ch witli tlie chLirclies being closed. Tlie daily Inass was celebi'ated pi-ivately eacli day at tlie Iii(yh altai" aiid tliis was livesti-eamed. Tlie ai-chbishops iSSLied a dii-ection at tlie beginii jii(T of Holy Week affiirned by tlie bisliop of tlie diocese tliat even pi-ivate pi"ayei' by tlie clei-gy in cliiii-cli was foi-bidden. Fi-oin 7 Api-il, Tiiesday in Holy Week, Inass was tlici-efoi-e cLlcbi-ated iii tlie oi"atoiy of tlie clei-gy IIoLise aiid tlie live sti"eaiiiinb(T equipinent was hastily moved into this I"esti-icted space wliei"e the ti-idiiiiin l.ites wei"e celebi"ated. Tliis ai"raiigeinent contiiiiied Iiiitil 7 May wlieii Inass was once a(yaiii celebi.ated pi-ivately at tlie higli altai" of tlie chui-cli. ASMS PCC Annual Report and Fiiiaiicial Statenients 2020
Froin tlie secoiid week iii Jiily piiblic woi'ship witli social distanciii(y Nvas pei"Initted iii cliiii-clies; All Saiiits I"eopeiied 011 Moiiday 6 Jiily toi. a liinited tiine eacli day centi-ed aroiind tlie 17]idday Inass. In Octobei. a clioir of six siii(yei"s eiiliaiiced tlie Siiiiday Iiiass, aiid evensoiig aiid beiiediction Nvas I"eiiistated 01125 Octobei. and Ilie second evensoiig of All Saiiits was Sling 011 l Noveiiibei-. A I"eqiiieiii Inass foi" All Solils day was siiiig on 2 Noveinbei-. Piiblic woi"sliip was once acFaiii siispended from 5 Noveinbei- biit live clioi.al Iiiiisic was perinitted fi.oin inside tlie locked chiii.cli dui-ii]u this pei"iod. Tlie chLirch Ivas i-eopened for piiblic woi"sliip 0112 Deceinbei" and Siiiiday Inass and evenson(T aiid benediction wei-e siiiig piiblicly 011 Adveiit II, III aiid IV. A SLiiig Inass on Chi-istinas Eve aiid a sling Inass 011 Clii-istinas Inoi-niiig wei-e celebi-ated. Tlie establislied Olltdooi" pi.ocessioiis coi.pus Chi-isti aiid tlie Assiiinptioii did Iiot take place iii 2020. All carol sei"vices wei"e caiicelled. Pnsloral cal'e Oi'diiiai"ily coiifessions niay be Iieai-d by a pi-iest iii tlie cliLlI"cli at fixed tiiiies. diii.iiig tlie pandeinic tliis lias been by ai-I"aii(Jeiiient. Tlie PCC wisli to i-ecord tlieii- especial ui-atitiide to Fi- Micliael Bowie Nvlio lias goiie fai- beyond wliat Inay have beeii expected of ali assistaiit pi-iest dui"in(y tlie lon(y vacaiicy iii tlie beiiefice aiid at a tiine wlieii tlie exceptional cii.ciiiiistaiices of the paiideinic Inade tlie litui"gicaI life of tlie cliiii-cli even Inoi"e cliaIleiioincT Appoiiitiiieiit of tliefoiirleeiitli iiiciiiiibeiil Tlie Iiiajoi" delibei-atioiis of tlie PCC iii 2020 1"elated to tlie appoiiitineiit process of the next iiiciiinbeiit. In the Jaiiiiai"y 2020 pai-isli papei", tlie Revcreiid Adain Atkinsoii gave ali oiitliiie tiiiiescale foi" tlie pi-ocess in Discussion and Decision on Sacrainental Ministry and the Appointment of a Neiv IncLiinbent'. Iii total, 65 people took pait iii coiivei"satioiis witli Fi-. Adaiii dui-in(y Jaiiiiai-y aiid Febi-uary. Tlie tiinescale was tlien sevei.ely disrupted by the pandeinic, witli the PCC Iiieetiiig schediiled foi- late March aiid the Meetiiig of Pai-ishioiiers aiid APCM schediiled foi- late April beiii( postponed. In accoi"daiice Ivith tlie directioii of tlie diocesan bisliop, tlie beiiefice was foi-liially declared vacant 011 22 Jiine 2020. Tlie applicable legislatioii I'eqiiii"ed tlie PCC to coinplete tlie stateinent desci-ibing tlie coiiditions, Iieeds and ti"aditioiis of tlie parisli (tlie pai.isli [)I"ofile) aiid to appoiiit tlie two parish i-epi"csentatives witliiii 28 days. Soine work Iiad ci11.eady beeii doiie 011 tlie objective paits of tlie stateiiieiit aiid tlie Ineinbei's of tlie PCC Iiad beeii asked foi" tlieii" coiiti'ibutioiis on tlie pai'isli visioii aiid pei-soii specification. Tlie vai-i0LlS views were collated aiid distilled into a di.aft pi-ofile wliicli Ivas appi.oved b! the PCC. Followiiig a pi"esentatioii by Ai"clideacoii Adain Atkiiisoii on tlie findiiigs of his conversations, tlie PCC voted to affii-ni the Resoliition Lindei" tlie Hoiise of Bishops, Declaration passed iii Noveinber 2016- conseqiieiitly, the bisliop of Loiidoii, Nvlio reiiiaiiis botli tlie 01-dinary aiid tlie pati.oii of tlie livino Ilas asked Jonathaii, bishop of Fiilliain, to exei.cise episcopal ovei'siglit of tlie pai-isli accoi'diiig to the provisions of tlie Loiidon Plaii. Following a vote, Kate Hodgetts and Jolin Foi'de wei-e appoiiited as tlie pai.isli I"epreseiitatives. Tlie bisliops of Loiidon aiid Fiilliain ai-I"aiiged a meetill(T Witli tlie Ineinbei-s of tlie PCC wliicli was held by Zoojn 01121 Jiily. Tlie pai-isli pi"ofile was adjiisted as I"eqiiested diii-iiig tliis Ineetiiig aiid piiblislied 011 Al I Saiiits website. Tliis coiiclLided tlie foi"Inal iiivolveiiieiit of tlie PCC iii tlie appoiiitinent pi"ocess. A fziller 770te 011 117e appoi171iiie17tprocess is i17cliided 177 the Septe117ber 2020 paJ"ish paper. Tlie bishop's office ai-i-aiioed foi" tlie vacancy to be adveitised in September. Slioitlisting took place iii Octobei- and iiitei-views wei"e Iield iii eai.ly Noveinber. Tlie Bisliop of Loiidoii, as pi-eseiitiiig patroii, Nvitli tlie wlioleliearted appi.oval of tlie pai.isli repi-eseiitatives aiid tlie Bishop of Fiilhain offei.ed tlie liviiig to tlie Revereiid Di- Petei- Aiitlioiiy, vicai- of St. Benet's Kentish Town. Tlie aiiiioiiiiceiiieiit was delayed Iiiitil tlie second Siiiiday iii Adveiit wlieii cliiii"clies I"eopeiied foi- piiblic woi'sliip lo allow tliis to be Iiiade siiniiltaiieoLisly iii botli Mai"gai-et sti.eet aiid Kentisli -fowii. Tlic date foi- tlie colldlioii aiid iiidiictioii was fixcd tor the Tliiii-sday befoi-e Peiitecost 2021. ASIMS PCC Annual Report and Fiiiaiicial Stateiiients ?O?O
Direclor Iiiicl Miisic aiid olliei. slaff appoiiitiiieiits The post of dii'ectoi- of Iniisic Ivas adiieitised toivards the end of 2019. The PCC'S paiiel was assisted by Di" Steplieii Dai"lington, foi-mei-ly dii"ectoi" of Iniisic at Clii-istcliui-cli Oxfoi-d. A shoit list was drawii lip fi-0111 the applicaiits. Following inteivieNvs iii Janiiary 2020 tlie paiiel's recoinineiidatioii was tliat Di- Stepheii Fai"I", dii"ectoi- of Iniisic at St Paul's Kniulitsbi"idge, be appointed as directoi- of Iniisic witli effect fi-oin Low Siinday. Tliis was approved by tlie PCC. Iii Api-il 2020 Steplieii Fai"I" (dii"ectoi- of Iniisic), Jaines Sliei-wood (parisli office adniiiiisti"atoi" aiid cIioii" libi'ariaii) and Petei. Little (vei"gei" aiid saci-istaii) becaiiie pait-tiine staff of tlie PCC witli statutoi"y employineiit status. Tliey jUIIILd Jei"einiali Stepliensoii (assistaiit dii-ectoi- of Iniisic) wlio was ali.eady a pait tillie eiiiployee ot-tlie PCC. Part 3: Achievements and pei"foi"mance The electoi-al i-oll Ivas coinpletely I"eiiewed pi.ioi" to tlie aiiiiiial Ineetiiig iii 2019 wlieii tliei"e were 158 people 011 tlie Iiew I'oll. At tlie eiid of 2020 tliis was 163. Tliei'e al-e ai-oiiiid 135 dwellii]cJs iii tlie pai.isli of wliicli soine 25 ai"e believed to be vacaiit. Tlie POPLilatioii is jiist ovei- 300 people of wlioin foLlI" wei"e 011 tlie eleLtoi"al l.oll ill 2020. Oil tlie foLlI" Siiiidays iii Octobei" 2020, pliysical atteiidaiice avei-aged 70. Diii'iiig Octobei" tlie dc2ily Inasses Iiad ali average pliysical coiigregatioii of 9. Clii"istinas Eve aiid Clii"istinas Day to(yetliei- tliei"e wei-e 95 woi.sliippei.s aiid 92 coiiiinLiiiicaiits. Two fLiiiei"als wei"e Iield in cliiii-cli tliis yeai" aiid a fiiitliei- fiiiiei.al Ivas held 011 belialf of tlie pai.isli at tlie ci-einatoi.iiiin dLII"iI] (T lockdowii. Biiilcljiz c>3 Pi"ioi- to tlie paiidein ic tlie cliiii.cli was 01)eii dai ly foi" pi"ivate pi-ayei- aiid foi. Iliose wlio wisli to view tlie bLiildiiig witlioiit cliai"ge. Diii-ii]17 tlie paiideinic, at tliose tiiiies wlien public woi-ship lias been peiinitted, tlie cliiii.cli lias beeii opeii foi" oiie hoiii- befoi"e tlie nooii Mass. Details of biiilding woi'k al'e set oiit iii tlie CIILlI"cliivai'dens' Repoit on the Fabric and Articles and in the report fi-0111 tlie Healtli, Safety & Biiildiii(ys coininittee below 011 paoes 8-9. Missioiz ciiicl evciiioelis171 The paiideinic sevei-ely liinited Inaiiy activities biit bi'oLiglit abolit live sti.eaiiiiiig of tlie Inass wliicli coiitinlied to be offei-cd eacli day beliind closed dooi's Ivlieii PLiblic woi"sliip was pi'osci'ibed. Fi"oin tlie vei"y fii-st Siiiiday of the lockdowii iii mai.cli tlie daily Inass lias beeii livesti-eaiiied. Especial tliaiiks ai"e diie lo Hiim, Piyce aiid PaLII Weston wlio ai"e tlie volLlllteei-s wlio faci l itated tliis aiid Iiave Iiiaiiitaiiied tlie systeiii aiid pi"ocedLlI"es. Fi-oin tlie coinineiiceinent of live sti-eainiiig on Siiiiday 22. Mai-ch tliei-e wei"e ali avei"a(ye of 157 live oiiliiie viewiiigs of tlie 20 Sunday Masses wlieii tlie cliLircli was closed foi- piiblic woi-sliip. Diii-iiig tlic l 12 weekdays wlieii tlie cliiii.cli was closed foi- public woi"sliip tliei"e were ali avei"a(ye of 56 live views of tlie Mass. DLiriiig tlie 21 Siiiidays aftei. tlie cIiLlI"cli was I"eopeiied foi- piiblic Ivoi'sliip tliei"e wei'e an avei'a(Je of 56 iiidividiials in cliiii-cji aiid an avei-age of 75 live views. Diiring tlie 132 weekdays tliat tlie cliLlI"cli Ivas I"eopeiied foi- public woi"sliip tliei"e wei'e an avei'age of12 individuals in cliui'cli aiid an avei.age of 31 live views. Tlie live sti.eainiiig of Inasses lias eiiabled tliose who were Iinable to be physically preseiit to paiticipate conteinpoi"aiieously iii the litLIL"(yy aiid spii"ittial coininiinion. The PCC al-e coiisidei-iiig how this cali be taken forwai-d aftei" tlie I"estrictioiis diie to tlie pandeinic are lifted. ASMS PCC Aniiual Report and Fiiiancial Statements 2020
Iiicliidiii(y tliose paiticipatiii(y jii live services, All Saiiits, YoiiTube chaniiel attracted 85,600 individiial vieNvs, 14,800 viewiii(y Iioui-s of live oi" i-ecoi.ded sei"vices dLlI-ing 2020 and 788 subsci"ibei"s. Voliinteei's Voliiiiteei-s Inake a sigiiificant aiid iiivaliiable coiitribLltioii to tlie life of All Saiiits. Althoiigh dui-iiig the pandemic Inaiiy of tliese activities were siispeiided, the woi'k of tlie chui-chwai-dens aiid officei-s of tlie PCC coiitllllied, and coinmitted voliiiiteei-s contiiiiied to pi"ovide siippoi-t wIieii possible iiicliidiiig sei-viiig iii tlie sanctuai-y, assisting as sidespei"soiis, i-eadiiig, gardeiiiiig, pi.ovidiiig flowei-s aiid opei"atin(F tlie caiiiei.as foi" live sti-eainiii(T Groiips niid activities Details of tliese eveiits Iiave beeli clii.oiiicled eacli Inoiitli in tlie pai-isli papei.. Tlie Cell of Ilie SociLty of Oiir Lcidy of Wcilsiii(yliani Wlieii tlie cliiii-cli lias beeii opeii t"Ol" PLiblic Ivoi-sliip tlie I"osaiy and Walsiii(yliain devotioiis followed by low Iiiass of OLlI" Lady of WalsiiicTliain coiitilllied to take place iii 2020 011 tlie secoiid Satiii-day of eacli Iiioiitli witli a I"egiilai- atteiidaiice. Tlie usiial pilgi-iinages to Walsiiioliain wei'e cancelled iii 2020 diie to tlie paiideiiiic. Meinbei"s of tlie All Saints Mai'gai"et sti.eet Cell of tlie Society of Oiir Lady of Walsingliain coininit to pl-ay foi" aiid suppoi"t eacli otliei", Ineiiibei"s of otliei" cells woi-ldwide, aiid tlie woi'k ot.tlie slii.iiie iii Walsiii(Tliain. Tliey also do tlieii" best to pi"oinote tlie discipliiie of pilgi-iiiiage aiid tl-Lie devotion toivai'ds OLlI- Lady of Walsiiigliain as slie constaiitly points lis to Iiei. son. Tlie cell SLiperioi- is Fi- Micliael Bowie. Neiv Ineinbci"s are alNvays welcoined, and cell eveiits al'e eciiiiieiiical c2iid opeii to evei-yone. Frieiicls ofAII Sciiiils Tlie PCC I"einaiii gi-ateful to tlie Fi"iends of All Saiiits t"oi' tlieii. coiitiiiiied SLlPI)Olt aiid ai"e considei-iiig ways iii wliicli tlie Fi"ieiids netwoi"k Iiiay be i-evivified. Coiiiniiiiiiccitioii Tlie pai.isli piiblislies a detailed, weekly eiiiail Iiewslettei". Tliis incliides a I"eflectioii fi.oin tlie clei-gy aiid details of sei"vices, foitlicoiniiig eveiits, news, Iiiissioii projects aiid appeals. OLlI- website is constaiitly Iipdated witli coiiiplete iiifoiinatioii abolit evei"y aspect of pai.isli life. OLlI- pai.isli papei. is piiblislied Inoiitlily. It keeps oiii. pai.isliioiiei.s aiid otliei"s iiifoi-liied of tlie iii]poit<lllt Inattei"s affectiiig OLlI- cliiii"cli. It costs £ I pei" iSSLie, altlioLigli past ISSLies ai"e also available 011 tlie website fl-ee of cliai-ge. We Iiave ali active pa(Je on Faceboolc. Yoii can also fiiid lis 011 Iiistafti-clln aiid Tivittei" @asinswl. ASM8 PCC Annual Report and Financial Stateinents 20?0
Part 4: Financial review Brief statement on the PCC'S finaiicial affairs for the yeai- elided 31 Decembei" 2020 by the Hon. Treasurer Unrestricted Funds Giveii tliat foi. tlie Inajority of tlie yeai" cliiii-cli activities wci'e sigiiificaiitly i-ediiced due to tlie Covid 19 paiideinic it will coinc as 110 suiprise tliat tliei-e is a deficit iii I"espect of tlie 11111-esti-icted fLiiids of £9,207. Tliis woiild have beeii gi-eater but for tlie fact tliat tliei'e was a one-off gi'aiit dLIi-jii(y tlie yeai- of £20,000 fi-oin All Saiiits Foundatioii (ASF) aiid a lecracy ot"£l 0,000 fi.oin tlie Estate of RH Bi"owiie. Incoming Resources Geiiei"al coiigi"egational oiviiig excliidiiig tlie le(yacy Ineiitioiied above aiid Iion-I"eciii"I"iiig i-aiits totalled £189,897 as coinpai'ed to £220,315 iii tlie pi"evioiis yeai". Rental iiicoiiie Iield lip clt £60,180 Ivliilst otliei- proi)ei-ty iiicojne redliced as it was Iiot possible to Iiii"e oiit tlie pai.isli 1.ooin altlioiigli tlie iiicoine iii I"elalioii to tlie telecoiiiiniiiiicatioiis Inast iii tlie spii"e coiitiiiiied to be I"eceived. Resoui'ces Used 111 2020 altlioligli tlie PCC coiitiiiiied to coiiti"ibiite an aiiioiint ovei- aiid above oiii. standard Diocesaii costs to tlie Coininon Fund, given the iinpact oji tlie PCC'S fiiiaiices due to tlie paiideinic, a i-ediietioii in coiiti'ibiitioiis Ivas agi'eed foi" tlie last six Inoiitlis ot.tlie yeai" oiviiig an aniiiial total of £136,800 (2019: £148,500). This i-eiiiaiiied tlie PCC'S lai.gest itein of expeiiditLlI'e. The Inusical aclivities Ivei"e iinpacted (altliougli the choii" coiiti'ibiited Inusic to the oiiliiie sti"eained sei"vices) aiid as a I"esiilt tlie ovei.al I Iiiiisic costs redLiced 011 tlie pi-evioiis yeai" aiid totalled £91,000 of wliicli £54,000 was I'eceived iii grants fi.oiii AII Saints Chiircli Maiyleboiie Clioir aiid MLISIC Ti"Iist (ASCMCMT) itself a I"edLlCtion 011 tlie £64,000 I"eceived tlie pi"evioiis yeai-. Paiideiiiic oi. no paiideinic, tliei'e is a Iieed foi- a lai.ge level of geiieral liiaiiiteiiaiice 011 ali aiiniial basis wliicli is reflected iii tlie £54,180 (2019: £76,084) paid oiil diii"ii](T tlie yeai" a lai.ge pi'opoitioii of wliicli I'elaled to tlie extei-lial decoi"atioii of No. 8 Mai'gai"et Sti"eet. Resti'icted Fun(Is Tlie i-esti'ictcd iiicoiiie dLlI"iiig tlie yeai. totalled £83,948, tlie liiajoi.ity of wliicli I"elated to gi'aiits fi.oiii tlie ASCMCMT as Ineiitioiied above biit also iiicliided £14,282 to assist witli tlie costs of live sti"eaining. l)cllt of tliis was applied in 2020 biit tlie Inajoi-ity will be Lltilised iii 2021 to botli coiitiiiiie aiid eiiliaiice wliat is ciii-l'eiitly beiiig pi'ovided. Aftci" allowiiig foi- resti"icted expeiiditiii"c foi" tlie yeai" of £84,478, tliere is a I"esti"icted balaiice at tlie yeai"_eiid of £83,322 of wliicli £48,768 is available foi- fiitiii-e I'estoi"atioii woi"ks. Reserves As at 31 Deceiiibei- 2020, tliei"e ai"e Iiiii"esti'icted I"esei-ves of £32,349 of Ivliicli £24,715 ai"e Iiiidesi1IatCd. Pai"t 5: f4 inancial statements Tliese foiiii pait of tliis aiiniial I"epoit aiid al-e set OLIt 011 pages l 0-25 of tliis dociiineiit. ASMS PLC Aiiiiiidl Report and Financial Stateiiieiits 2020
Part 6: Plans for future periods Tlie PCC will coiitiiiue to piii-siie tlie aiins and objectives ideiitified eai-liei" iii tliis I"eport foi- the piiblic beiiefit. In addition to tliese geiieral plans, tlie PCC Iiopes to acliieve tlie foIlowiii(F key objectives in 2021 = l. To Ivelcoine tlie neiv vicai" aiid pai-isli pi-iest folloiviiiu Iiis collatioii aiid induction iii May. 2. To woi"k Ivitli tlie Iiew pai.isli pi.iest on developiiiiT tlie Iiiissioii aiid Iiiiiiistiy of tlie pai-ish. 3. Pi-ogi"ess tlie sclieine foi- upgi-adiiig tlie kitclieii aiid WC facilities iii tlie baseineiit. 4. Coinplete a I"eview of OLII. govei-liance procediii.es iiicliidiiig 0111- policy on i-isk. Part 7: Structure9 governance and management Tlie pai'ocliial chiirch coiiiicil is a coiyoi-ate body establislied by tlie Cliiii-cli of Eiiglaiid Lindei" Ilie Pai"ocliial CIILlI"cli Coiiiicils Powei"s MeasLlI"e 1956 Iiihicli is tlie govei"Iiiiig dociiiiieiit. It is also a cliai.ity registei'ed with tlie cliai.ity Coiiiinissioii as cliai.ity niiinbei- 1132895. Tlie PCC Tlie Inetliod of appoiiitmeiit of PCC Iiieiiibers is set oiit iii tlie Cliiii-cli Represeiitalioii RLiles. All tliose wlio atteiid OLlI- sei"vices / Ineinbers of tlie COllbOI"egatioii are eiicoiii.aged to I"egistei" 011 tlie Electoi"al Roll aiid staiid foi" election to tlie PCC. Tlie PCC Ineinbers ai"e I"esponsible foi" Inaking decisioiis 011 all Inatters of geiieral coiiceiii aiid iinpoitaiice to the pai.isli iiiclLidiiig decidiiig on Iiow tlie fiiiids of tlie PCC al-e to be speiit. PCC nieiiibei-s wlio have seived at any tiine siiice l Jaiiiiai-y 2020 Iiiitil tlie date tliis I"epoit was appi'oved wei"e: tlie Revei"eiid Di" Micliael Bowie (assistaiit pi"iest), tlie Revei"eiid Jiiliaii Bi'owiiiiig (Iionoraiy assistaiit pi-iest), Jolin Foi-de (cliLlI"cliwai"den), Chi"istopliei' Self (cliiii"cliivai'deii), Cliai-lotte Black (lay Iiieiiibei"), Gilliaii Dai"e, (lay Ineinbei"), Jaiiet Di"ake (Deaiiei-y Syiiod Ineiiibei-), Nick Gi"alka (lay Iiieinber), Aiden Hai"gi"eaves-Siiiitli (Geiiei-al Syiiod Ineinber), Pati"ick Haittley (lay Ineinbei-), Kate Hodgetts (lay Ineinbei"), Aiidi"ew Lane (Lllltil 17 July 2020, lay Ineinbei"), Iaii Lyon (lay Iiieiiibei"), JLiditli Matliei" (lay Ineiiibei"), Joliii Mcwliiiiiiey (lay Ineiiibei"), Elaiiie Noi"Inan (Lllltil 31 Deceiiibei" 2020, lay nieiiibei.), Fi-aiices O'Neil (Deaiiei"y Synod meiiibei", vice-cliaii- Iintil 7 Septeinbei. 2020), Keitli Postaiice (lay Iiieiiibei"), HiiNv Piyce (lay Ineinbei", vice-cliair from 7 Septeinbei" 2020), cedi.ic Steplieiis (Deaiieiy Syiiod Jiieiiibei"), Clii"istopliei' Swift (lay Ineiiibei"), Sliawii Welby-cooke (lay Ineinbei.) aiid Geoffi"ey Woodcock (lay Iiieiiibei-) Tlie PCC Iiiade tlie followiiig appoiiitiiieiits dLII"iI](T 2020: Vice Cliaii- HLIW Pi"yce Hon. Ti'easiii"ei" Pati-ick I-Iai"tley Hoii. Seci-etai-y Johii Mcwliiiijiey Electoi-al Roll Officer catliei.ine B Lll"l iiig Senioi" Sidesiiiaii Keitli Postaiice Safegiiardiiig Officei- (cliildi"eii) Janet Di"ake SafecYLiai"diiig Officei. (viilnei"able adlilts) chi.is Self Meinbei-s of tlie staiidiiig coiiiiiiittee wei-e Joliii Foi"de, Clii'is Self, tlie Revei"eiid Di- Micliael Bowie, Pati-ick Haitley, Jiiditli Matliei-, Jolin Mcwliiniiey, Frances O'Neil (Iiiitil 18 Octobei" 2020) and Hiiw Pi"yce. Uiitil 2019 sidesinen Ivei"e appoiiited by tlie Aiiniial Parocliial CIILlI-cli Meeting Iiiidei- canon law. This lias Iiow becoiiie tlie I"espoiisibility of the Pai-ocliial Cliui-ch Coiiiicil wlio in Noveinbei" 2020 I-eappoiiited tlie followiiig: Racliael Bi"oNvn, Di- Yvonne Ci-aig, Gillian Dare, O.B.E., Siie Feakin, Ricliai"d Haley, Di- Moiiica Hall, Kate Hodgetts, Di" Satoiiii Hoi"iiiclii, Mai"gai-et Le(T(yett, Petei" Little, Coliii Meiizies, Mika Mocliiziiki, Elaine Noi"man, Frances O'Neil, Philip Payiie, Pat Pliilips, M.B.l., I<eitli S. Postance, CoIin Prossei", Janies Shi"iiiipton, Clii"istopliei- Sivift, Juliet Wiiidli]I, Geotti"¢y Woodcock. ASMS PCC Annual Repoit aiid Financial Stateinents 2020
Thei-e is 110 foiinal indiiction pi"ocess foi- new Ineinbei-s of tlie PCC. Howevei", literatLlI"e is Inade available to Iiew meinbei"s explaiiiing the i-espoiisibilities and dllties of tl"LlStees. Meinbei"s of tIie PCC al-e eiicoLiraged to atteiid ti"ainiiig coiii.ses arranued by tlie diocese. Tlie fiill PCC rnct twice iii pei-soii aiid five tiines by Zooiii iii 2020. Giveii its Ivide i-espoiisibilities tlie PCC lias a nLiinbei" of coinmittees, each covei"in(T a paiticiilai" aspect of parisli life, Iiainely Eveiits & Hospitality, Healtli, Safety & Biiildiii(Ts and OLltwai"d Givin(T Eacli coiiiillittee is I"esponsible to tlie PCC aiid I"eports back to it re(yularly. Iii Febi"Liai"y 2020 tlie PCC I"esolved aftei" exteiided aiid cai"efiil coiisidei"atioii of tlie vai-ious factoi-s iiivolved to take steps to eiid witlioiit Iiiidiie delay tlie pi-actice of allowiiig tlie cliiii'cli to be Iised as a day slieltei.. Tliis was bi-oiiglit to ali Liiiexpected Iialt by tlie closure of the cliiii-ch diie to tlie paiideinic iii mai.cli 2020. Diii"iiig 2020 tlie PCC Iiave coiisidei-ed a nLimbei- of govei-liaiice issiies I"elatiii(y to einployineiit statiis, tenaiicies aiid fiiiaiicial delegatioii. Tliis pi"ocess is to be coinpleted. Clerb'y Tlie beiiefice was vacaiit foi. tlie wliole of 2020. (The Revei'eiid Di" Petei" Aiitlioiiy fi"011120 May 2021.) The assistaiit pi'iest is tlie Revei"eiid Di" Micliael Bowie. Tlie Revei"eiid JLiliaii Bi"owniiig is liceiised to tlie pai.isli as Iioiioi"ai"y assistaiit pi-iest. Associated cliarilable Iriisls There ai"e two cliarities wliicli ai"e coiiiiected witli tlie All Saiiits PCC: All Saiiits cliiii.cli Maryleboiie Clioir aiid Miisic Ti"Iist (I"egistei-ed cliarity 110 802994). Tliis lias as its object to Inaintaiii aiid pi"oinote tlie pei"foi"11iaiice aiid appi.eciatioii of cliiirch Iniisic iii Maiylebone, iii pai"tiCLilai- at All Saints. All Saiiits Foiiiidalioii (i-eoistei"ed cliai.ity 110 2733 90). Tliis iiicliides ainoiicT its objects Ilie Inaiiiteiiaiice aiid i-epair of tlie pai.isli cliLlI-ch of All Saiiits. All Saiiil,s Cliib All Saiiits Cliib coiitiiiiied to opci'ate aftei" Iiiaiii Siiiidc2y services aiid Inajoi" weekday feasts Iiiitil tlie Tliii"d Suiiday iii Leiit biit was closed foi- tlie I"einaindei" of tlie yeai- dLie to tlie paiideiiiic. Risk maiiageniejzl Tlie Ineiiibei-s of tlie PCC coiifii.lii tliat tliey have giveii Loiisidei-ation to tlie Inajoi- 1.isks to Ivliicli All Saiiits, its PCC aiid tlie cliai.ity are exposed and satisfied tlieiiiselves tliat systeins 01- pi"ocediii-es Ivliicli al-e desi(yiied to Inaiiage tliose 1.isks Iiave beeii establislied. Tliis is tlie I"espoiisibility of tlie PCC. Tlie PCC coiitiiiiies to keep tlie vai-ioLlS aspects of i-isk assessiiieiit Liiidei- i-eview. Policy 011 reserves Tlie PCC'S policy is to Iiiaintain its I"eserves at as Iiigli a level as possible as it Iiiay well be faced witli Linexpected expenses 011 tlie iinportant biiildiiigs eiiti"usted to its cai"e. It needs to Iiave a I"esei-ve to covei" aiiy fiitLlI-e slioirtfall of reveiiiie wliicli Iiiiglit be caiised by expenses iiici-easiiig or conti"ibutions fi'oiii donoi"s reduciIig. Tlie PCC'S policy is to iiivest aiiy ftind balaiices witli tlie CBT CIILlI"cli of England Deposit FLiiid. Tliis incliides botli geiiei-al fiinds and fiiiids I"aised as pai-t of tlie I"estoi"ation appeal. ASMS PCC Aiiiiual Report aiid Finaiicial Statements ?020
Safeoiiardiiz At its Ineetiiig of Monday 9, Noveinbei- 2020, the PCC resolved to i-eat"tllin its comniitment to tlie diocesan safegiiai-diiig policy Ivliich it is asked to do at tlie fii-st Ineetiiig followiiig tlie Aniiual pai"ocliial cliLlI"cli Ineeling each yeai-. The PCC Ilas coinplied Ivith tlie diity Iiiidei- section 5 of tlie Safegiiardiniy aiid Clei-gy Discipline Measiii"e 2016 (duty to have regard to House of Bishops, guidance on safeguai-diiiu children aiid viiliiei-able adlilts). Jaiiet Drake contiiiiies as safeguai-diii(y officei" for cliildi-en aiid chi.is Self as safe(yiiai-din(y officer for viiliierable adiilts. No Iiiattei"s of coiicei.li Ivei"e raised diii.iiig the year. Hecilili, Snfely & Biiildiiios conzniitlee Meiiibei"s of tlie Healtli, Safety & Biiildiiigs coiniiiittee iii 2020 wei"e: Nick Gi"alka (cliaii"), Joliii foi-de, Keitli Postaiice aiid Mai-k Fleiiiiiig. Tlie coiniiiittee pi-ovided tlie folloiving repoit. Ge17eral A biisy yecql. facilit<2tiiig tlie best Pl"cqCtice followiiig tlie govei"Iiiiieiit aiid Cliiii'cli of Eiiglaiid COVID-19 policy aiid I"ecoiniiieiidatioiis witli I'espect to places of woi'sliip. Miicli Ivoi"k aiid effoit by clei-gy, cliiii.cliwai-deiis, tlie dii'ectoi" of Iiiiisic aiid tlie Healtli, Safety & BLiildiiigs coininittee Iiave eiisiii'ed tlie Inaxiinliin oppoi"tiinity to keep tlie chiii.cli opeii aiid Iioldiiicy sei-vices. Again, tlie caii-do attitude appareiit dLlI-iiig i-eviews aiid safety Iiieetiiigs has ensiii-ed we Iiave been to tlie foi-e of Iiiany otliei- ceiiti-al Loiidon cliui-clies iii staying opeii when at all possible. l-lie clioii" wei"e an eai.ly casiialty of I"esti"ictioiis aiid wei"e I"eqiiii"ed to staiid dowii peiidiiig I"evised govei"Iiineiit aiid CIILlI'clI of Eiiglaiid giiidaiice. Foi-tLiiiatcly, aftei" a pei'iod of fiill closLlI"e, aiid oiily 011-liiie sei"vices, tlie i-liles wei-e i-elaxed, Followiii(y 011-siie iiispectioii aiid appi"aisal of tlie Iipdated giiideliiies, we wei"e able to allow a i-ediiced socially distanced clioii-. Tliis lias been a gi-eat Sliccess. Dlie to the afoi.enieiitioiied COVID-19 1'esti"ictioiis scliedLiled Inajor celebi"atioiis aiid events foi" tlie yeai- at All Saiiits Iiave beeii gi"eatly ciiitailed iii Iiatiii"e, bLIt celebi'ated to tlie Inaxiiiiiiin pei'iiiissible Iiiidei- tlie existiiig time liiie I'esti"ictions. It is good to be able to I"epoit tliat tlie cliiii.ch lias beeii aiiotliei" 12 Iiioiitlis witlioLIt sei'ious iiicideiits. As evei" tlie Healtli, Safety & Biiildiiigs coiiiinittee is I"eceptive to aiiy opportuiiity to iinpi-ove safety aspects. ASMS Iiave I"etaiiied oiii" illSLlI-ei"s Ecclesiastical. (fhL) rLJc]Iiired ai7iiiial review ofozii.17eali17 aild safetypnlicy17as been 1177dei"laken a17d a 7.eco311117e17dalion thal 117e PCC cont11711e tofollow it Ivas 117ade aild approved at the PCC Iiieeting 171 Mai'ch 20?1.) Oiii- siib-coiiti"actoi"s Iiave coiitiiiiied to pi-ovide sei'vices as pei" pai.isli oftice agi"eeineiits/dii"ectioiis. Reiiovatioii woi"k botli oiitside aiid iiiside tlie vicai.age (iii expectatioii of OLlI- Jiew iiicuinbeiit takiiig residence) Iiave coiitiiiued tliroiicylioiit tlie yeai-. F i-. Michacl L3owic aiid tlic cliLlI"cliwai-deiis Inonitored scattoldiiicT ei"ection Iii tlie coiiityai-d aiid eiisLlI-ed Jioisy woi-k was siispeiided dLII-jIICY OLlI- IiooiI sei"vices. Tlie coiiityai"d lias beeii seeii to be kept cleaii aiid tidy. It slioiild be Iioted pots aiid eqiiipiiient Iiad to be Inoved on sevei-al occasioiis to allow foi- scaffoldiiig aiid cosiiietic I"einedial woi"Ii by paint conti-actoi"s. A I"egiilai- atteiidaiice by Sliawn Welby-cooke aiid Ci"ai(y Williains lias ensLlI"ed plants aiid buslies continLie iii i-einai"kably good healtli. 117specli077S Inspectioii by tlie Healtli, Safety & Biiildings coiiiinittee have been Iiiideirtakeii tlii-oiiglioiit tlie yeai., both intei"nally aiid extei"nally, at ai'oiiiid tlii-ee-lnoiitlily inteivals. (Tlie Inost receiit iiispectioii was mai.cli 20?1.) Pliotogi"apliic evidence maintaiiied and pi"omLIlcsated. No (yi'eat concei.ns noted aiid roof ai-eas iii appai-ent satisfactoi-y Ol-der witli 110 niissiii(y tiles evideiit. No I"odeiit 01- pi(yeon pi-obleins iii toivei- Iioted. All access doors and Iiatclies foiiiid seciired as pi-evioiisly. Ladders, steps aiid foot assists all in ordei-. Safety wil-es wliei-e fitted fouiid secLlI-e aiid i-eady foi- iiniiiediate eiiiployineiit. ASMS PCC Annual Report and Financial Stateiiients 20?0
Iiitei'nal and extei-lial (gi"oiind level) inspectioiis undeitakeii 011 a Inoiitlily basis Nvitli a tlll-ee InoiitIiIy walk round of piiblic aiid Iion-piiblic ai"eas. Access poiiits foiiiid fiilly opei-ational witli locks woi-kin( All ai.eas wlien iiispected foiind cleaii, tidy aiid IIoLisekeepiiig satisfactoiy. Fixed fii"e alai-ln Iiioiiitoi-ii]u systein foiiiid iii fiill woi"kiii(J oi"dei-. Einei-(yency sigiia(7e iii place. Wlien I"eqiiii-ed coi-i-ective actioii seeii to Iiave beeii takeii and/ or relevaiit people Iiotified. Neiv eqziip177e171 To allow foi- live sti-eainin(F of sci-vices botli diii"jii(y fiill lock doivns and tlien coiitiiiiiing to let shieldiiig people eiijoy sei"vices, caiiiei-as Iiave beeii set Llp Iiiside tlie chLlI-cli. Cables aiid cainei"a stands Iiave beeii fixed 01- positioiied to best allow safe access foi" coii(yi"e(yatioii dLlI"jll(y sei-vices. C017cIIisi01i Tliis lias beeii a testin year foi" All Saiiits aiid oiii" i)ai-isliioiiei"s aiid oiie tliat IiopefLI I ly wil I be set foi" tlie Iiistoiy books sooii. Diii"iiig tlie coiii-se of tlie last 12 Jnoiitlis it lias been appai.ent tliat Ill<llly Otliei" cliiii-Llies Iiave cleai.ly Iiot attaiiied tlie saiiie siiccess iii sti-eain iiig sei-vices, oi" iiideed Iiad tlie ability, williii( pei-soiiiiel aiid capacity to pliysically I"eopeii foi" atteiided sei"vices Iiiidei. oiiooiiig I"esti"ictioiis. All safely acliieved at All SaÈiits iii tlie face of advei"sity. Eveiils & Hospitality coi111711ttee Meiiibei's of tlie coiniiiittee: Clii-is Self (Cliaii-), Jaiiet Di"ake, Kate Hodgetts. Tlie coiiiinittee USLially Ineets pei.iodically to coiisidei. eveiits plaiined at All Saiiits aiid tlie level of Iiospitality I"eqiiii-ed. After Inid-fvlai'cli iii 2020 all eveiits wei'e caiicelled diie to tlie paiideinic. Oiilwnj'cl Giviii(y COl711llltlee Meinbei"s of tlie coiiiinittee: Jaiiet Di"ake (Cliair), Fi.. Micliael Bowie, Clii-istiiie Bi"own (I"esi(yiied iii Octobei" 2020), Frances O'Neil. Tlie Coiiiiiiittee Inet once ili Jaiiiiary 2020. Owiii(y to tlie pandeinic restrictions otliei" coininiinicatioii was by eimail. Tlie coiiiinittee i-ecoininciided and the PCC agi'eed tliat tlie 2020 1.ciit api)cal bc divided betweeii tlie Ainei"icaii cliiii.cli soiip kit¢lieJi, Heleii Baiiibei" FoLiiidi£ tioii aiid tlie Bisliop of LuiiLloii's Leiil dppeal. £4,248 Ivas raised aiid disti-ibLlted. matei.ial doiiatioiis collected befoi"e the COVID-19 I-esti-ictioiis Nvei"e delivei.ed to tlie Mai"yleboiie Pi"oject aiid InLiclI appi"eciated. Tliei"e was 110 festival appeal. Pai"t 8: Adniinistrative iiiformatioii Tlie pai.isli cliiii.cli of All Saiiits St Mai'yleboiie is sitLiated iii mai-gai.et Sti'eet iii tlie iii tlie City of Westiiiiiistei". It is pai-t of tlie Diocese of Londoii witliiii tlie cliiii.ch of Eiiglaiid. Tlie coi-i-espoiideiice addi.ess is 7 Mai'(yai"et Sti"eet, Loiidoii WIW 8JG. Diii"iiig tlie vacc2llCy 111 the beiiefice, day~to-day Iiiaiiaucinciit is delegated to tlie cIILlI"cliwai"deiis aiid tlie assistaiit pi-iest wlio ai"e assisted by tlie pai.isli office adiii iiiisti-atoi-. Tlie boiiiidcql-y of tlie geogi"apliical parisli i-liiis aloiig tIie ceiiti-es of Bei"Iiei-s sti.eet to tlie east, Moitiinei- sti.eet to tlie Iioirtli, Oxfoi"d Sti-eet to tlie SOLltlI aiid Gi"eat Poi"tland Sti-eet to tlie west. Bankei-s: Natioiial Westiniiistei" Baiik plc, 125 Gi-eat Poitlaiid Sti-eet, Loiidoii W IW 6AX. Indepeiideiit Exaiiiiiiei-: Fi"aiicis Lee & Co., cliartei.ed Ceitified Accoiintants, 62 Aiiisdale Road, Loiidoii W5 1 JX Inspectiiig Architect: Coliii Kei"I" BA, BAI"cli, Dip Coiis (ICCROM), RIBA, SCA. ASMS PCC Annual Report and Financial Statements 2020
PCC OF ALL SAINTS MARGARE4 T STREET STATEMENT OF PCC RESPONSIBILITIES YE4 AR ENDED 31 DECEMBER 2020 PCC responsibilities in relation to the financial statements Tlie PCC ai"e i-espoiisible foi" pi"epai'iiig ali aiiiiiial I"epoit aiid fiiiaiicial stateinents iii accoi"daiice witli applicable law and Uiiited Kiiigdoin AccoLllltiiig Staiidai-ds (Uiiited Kiiigdoin Geiiei"ally Accepted Accoiiiitiii(y Pi"actice). Tlie law applicable to cliai"ities iii Eiiglaiid aiid Wales I"eqLllI-es tlie PCC to pi-cpai-e fiiiaiicial slateiiieiits foi" eacli yeai- wliicli give a trLie aiid fail- view of tlie state of affaii"s of tlie cliai-ity aiid of tlie incoining I"esoiii"ces aiid applicalioii of I'esoui"ces, of Ilie cliai-ity foi" tliat pei"iod. Iii pi"epai-ii](7 tlie fiiiaiicial staleineiits, tlie tl"LlStees al-e I"cquii"ed to: Select siiitable accoiiiitill(T policies aiid tlieii apply tliein coiisisteiitly; Obsei-ve tlie Inethods aiid pi-iiiciples iii tlie applicable Cliai"ities SORP; Make judgeinents aiid estiinates tliat al'e I'easoiiable aiid pi"Iideiit; State wlietlier applicable accoiiiitiii(y standai.ds Iiave been followed, SLibject to any matei.ial dcpaitiii-es tliat 111 list be disclosed aiid explained iii tlie fiiiaiicial stateineiits; Pi"epai-e tlie financial stateiiieiits 011 tlie goiiig coiicei'ii basis Iiiiless it is iiiappi-opriate to pi"esuiiie tliat tlie cliai.ity will contllllie iii biisiiiess. Tlie PCC al-e i-espoiisible foi" keepiiig pi"opei" accoiiiitiiig I"ecoi"ds tliat disclose witli I"easoiiable accLlI"acy at any tiine the finaiicial positioii of tlie cliai.ity aiid to eiiablc tlieiii to enslll-e tliat tlie fiiiaiicial stateiiieiits coiiiply witli tlie Cliai"ities Act 201 I, tlie applicable Chai"ities (Accoiints aiid Repoits) Regiilatioiis, aiid the provisioiis of tlie ti"Iist deed. Tliey ai"e also I"espoiisible foi" safegLiai-diiig tlie assets of tlie cliai.ity aiid takiiig I"easoiiable steps foi- tlie preveiitioii and detectioii of fi'aiid aiid otlier ilTe(YLilai-ities. Appi"oved by tlie PCC on 30111 Api"il 2021 aiid signed 011 tlieir behalf by Hiiw Pi"yce (PCC vice-cliaii-) ASMS PCC Aiinual Report and F"inancial Stateinents 20?0 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTIES OF PAROCHIAL CHURCH COUNCIL (PCC) OF ALL SAINTS MARGARET STREET I repoit 011 tlie accoiints of tlie PCC of All Saiiits Mai'gai"et Street foi- tlie yeai- elided 31 Deceinbei- 2020, whicli al-e set oiit 011 pages 12 to 22. Respective i-esponsibilities of Trustees and Examiner As Ti-listees, YOLI al-e respoiisible foi" tlie pi'epai"atioii of tlie accoiiiits; yoii coiisidei. tliat ali aiidit is Iiot I"equii-ed for tliis yeai" Iiiider section 144 (2) OF tlie Cliai"ities Act 2011 (tlie 201 l Act) aiid tliat ali indepeiideiit exaiiiiiialion is Iieeded. It is Iny i-esponsibility to exaiiiiiie tlie accoLlllts uiider sectioii 145 of the 2011 Act; to follow tlie pi"ocediii-es laid dowii iii the Geiiei-al Dii-ections (yiveii by tlie Cliarity Coininissioii Iiiider section 145(5)(b) of tlie 201 l Act; aiid to state wlietliei" Pc21-tiCLilai" Inattei"s Iiave coine to Iny atteiitioii. Basis of Independent Examinei"'s repoi't My exainiiialioii was cai"I"ied oiit iii accoi"daiice Nvitli tlie Geiiei"al Dii-ectioiis giveii by tlie cliai.ity Coiiiinissioii. Ali exaiii iiiation iiicliides a I"eview of tlie accoiiiitiiig I'ecords kept by tlie Ti'iist aiid a coinparison of tlie accoiiiits witli tliose I"ecoi"ds. It also incliides coiisideriiig aiiy Liiiiisiial iteiiis oi" disclosiii.es iii the accoiiiits aiid seekiiig explanatioiis fi-oin YOLI as Ti"Listees conceii]ing aiiy SLiclI Inattei"s. Tlie pi"ocedLlI-es Iindeitakeii do Iiot pi"ovide all tlie evidciice tliat woiild be I"eqLllI"ed in ali aLidit, aiid cojiseqiieiitly no opiiiioii is giveii as to whetliei. tlie accounts pi"esent a "ti'uc and fail" vieiv" aiid tlie i-eport is liinited to tliese Inattei-s set OLIt iii the stateineiit below. Indepeiideiit Exainiiier's staleineiit Iii coiiiiectioii witli Iny exainiiiatioii, 110 Inattei- lias coiiie to Iny atteiitioii: (l) wliicli gives Ine rcasoiiable caiise to believe tliat iii aiiy Inaterial I"espect tlie i-eqliii-einents to keep accoiiiitill(T recoi.ds in aecordaiice witli sectioii 130 of tlie 201 l Act. aiid to pi"epai"e accoiiiits wliicll accoi"d witli tlie accoiiiitiiig I'ecoi"ds aiid coinply witli tlie accoiiiitiiio I'eqLllI"eiiieiits of tlie 201 l Act Iiave not been Inet; 01- (2) to wliich, iii Iiiy opiiiioii, atteiitioii slioiild be di.awii in oi'dei. to eiiable a pi-opei- Iindei-staiiding of the accollllts to be I"eached. Fi"aiicis Lee Francis Lee & Co. cliaitei.ed Ceitified AccoLllltaiits 62 Aiiisd<qle Road Loiidoii W5 1 JX Date.... ASMS PCC Aiiiiual Rcpoit and fiiiancial Statemcnts ?020 11
PCC OF ALL SAINTS MARGARET STREET STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 DECEMBER 2020 Unrestricted Restricted funds funds 2020 Total 2019 Total Note Incoming resources Voliiiitai"y iiicoine 7A 219,897 83,948 303,845 409,871 Incoine fi-0111 iiivestinents 7B 80,835 80,835 91,898 Activities foi. geiiei-ating fiiiids 7C 594 594 2,427 Iiicoine fi.oiii cliiii.cli activities 7D Total incoming resources 308,511 83,948 392,459 518,546 Resources expeiided Costs of geiiei-ating voliiiitai-y iiicoine 8A 1,443 3,352 4,795 14,398 CIILlI"cli activities - Inission aiid Cliai"itable giviiig 8B 17,064 17,064 11,683 Chiii-cli activilies dii"ectly relatiii(y to tlie Ivoi"k of tlie ChLlI'cII 8C 314,355 64,062 378,417 487,053 Govei'iiaiice costs 8D Total I"esources expended 317,718 84,478 402,196 515,102 Net iiicomiiig resources (9,207) (i30) (9,737) 3,444 Balance b/f at l January 2020 125 408 121.964 Balance c/f at 31 December 2020 32,349 83,322 115,671 125,408 The notes on pages 15 to 23 form part of these financial statements. ASMS PCC Annual R¢port and Financial Statcments 2020 12
PCC OF ALL SAINTS MARGARET STREET BALANCE SHEET AT 31 DECEMBER 2020 Note 2020 2019 Fixe(l assets Taiioible assets foi- Iise by tlie PCC Current assets Stock Debtoi"s CBF deposits Cash aiid CBF i-e: Restoi"ation Casli at baiik aiid iii Iiaiid 5,686 43,924 125 4,147 6,043 20,529 124 2,145 104 568 10 Total 113,348 133,409 Liabilities: amounts fallin(y diie within one year 11 (14.002 Net current assets 109,670 119,407 Net assets 115,671 125,408 Funds Unrestricted Undesigiiated Desigiiated 24,715 33,922 Total unrestriete(I funds 12 32,349 41,556 Restricted 13 83.852 Total 14 115,671 125,408 Appi'oved by tlie pai.ocli ial cliLlI'cII COLlllCi l 011 30, Api"il 2021 aiid si Criied by: uw Pi"yce, PCC Vice-chair . J. Hartley? Hon. TJ"easui-er The notes on pages 15 to 22 form part of these financial statements. ASMS PCC Aiiiiual Report and Financial Stateinents 20?0
PCC OF ALL SAINTS MARGARET STREET CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Net income/(expenditure) for the yeai" as per the SOFA (9,737) 3,444 Adjiistineiits for: Dividciid, iiitei.est aiid i-eiits fi-0111 iiivestineiits (Increase)/decrease in stocks (Increase)/decrease in debtoi"s Inci'ease/(deci"ease) in ci-editoi"s (80,835) 357 (23,395) (91,898) 235 6,509 (5 539) Net casli providecl by/(used in) operating activities (123,934) (87,249) Cash flows from opei"atin(w activities Net casli pi"ovided by/(Iised) iii opei.atiiig activities (123,934) (87,249) Cash flows fi.om investing activities Divideiid, iiitei-est and l.ents fi.oin iiivestments 91.898 Net cash provided by/(used in) investing activities 80,835 91,898 Cash IloTrvs from financing activities Repayineiits of bori"owing Net cash provided by/(Iised iji) financing activities Cliaiige iii cash aiid casli eqiiivalents diii.iiig tlie repoi-liiig pei-iod (43,099) 4,649 Casli aiid casli eqiiivalents at tlie begiiiiii]10 of tlie i-epoitiiig pei-iod 106 837 102 188 Cash ancl cash equivalents <lt the end of tlie reporting pei.iod 63,738 106,837 Analysis of cash and cash equivalents Cash at baiik aiid in Iiaiid 106.837 Total casli aiid casli eqiiivaleiits 63,738 106.8J7 ASMS PCC Annual Report and Finaiicial Stateineiits 2020 14
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE FINANCIAL STATEMENTS YEAR ENDLD 31 DECEMBER 2020 l. Accounting policies The accounts The accouiits have been pi'epai"ed iii accordaiice witli tlie CIILircli Accoliiitiiig Regiilations 2006 touetliei- with siiitable accoiiiiting staiidards, except as Ineiitioiied beloiv, aiid the Stateiiieiit of Recomineiided Pi"actice applicable to Cliai-ities prepai-ijig tlieii" accoiiiits in accoi"daiice Ivitli FRS 102 aiid tlie Chai"ities Act 2011. Tlie accoLlllts Iiave beeii pi'epai'ed Iindei. tlie liistoi.ical cost coiiveiitioii except for fi-eeliold propeity wliich is shoivii at tlie l)CC's estiinate of its Iiiai"ket value wlieii it was rcccivcd. No depi.eciatioii has bceii pi-ovided on fi-ccliold pi"opei-ly as it is coiisidei.ed to be iiiiiiiatei-ial as tlie costs of Iiiaiiitciiaiice al'e ti"eated c2S 1211 Olltgoiiig i-esoLlI-cc wlieii iiiciii"i-ed iii oi'dei" ful- Ihe accoiints to give a ti.uc aiid fail" view of Ilie state of the PCC'S affaii"s foi" tlic iiicoine aiid applicatioii ot- I"esoiii-ces. The accoiiiits iiiclLide all ti.aiisaclioiis, assets and liabilities for which tlie PCC is I"esponsible, except tliat they do Iiot iiicliide the accounts of Ihe All Saiiits Cliib, Ivliicli is a Ineinbei's, club with its oivii coinmittee of Iiiaiiageiiieiit, ti-adiiig only witli its oivii Iiieiiibers, foi- wliich tlie PCC Iniglit be said to Iiave soine responsibility. Tliey do Iiot iiicliide coniiected cliai-ities, details of wliicli ai"e giveii in Iiote 3, becaiise tlie PCC does not exei.cise doiniiiaiit iiiflLience ovei" tliein. Tlic PCC ot All Saiiits Mai'gcQl"et sti.eet coiistitLltes a piiblic beiiefit eiitity d,s defiiied by FRS 102. Going coiicern Tlie PCC lias I"eviewed tlie circiiiiistaiices of tlie Cliiii-cli aiid considei- tliat adeqiiate resoiii-ces coiitiiiiie to be available to fiiiid tlic activities foi- tlie foreseeable fLltiii"e. Tlie PCC al-e of Ilie view tliat the cliiii'cli is a goiiig coiicei-n. Funds Uiii"esti"icted fLiiids I"epreseiit tlie e1]e1"al fLinds tliat ai"e Iiot siibject to c111y I"esti"ictioiis I"egai"diiig tlicii- use aiid dl-e available foi. applicali()n to gyeiiei.al piii"poses of Ilie PCC. Iiicliided iii tlie Iini'estricted fiiiids is Ihe dcsigiicltcd fiiiid wliicli I'elalLs to No. 6 Mai"oai"et sti.eet wliich is PCC li-eeliold pi"opeity witli tlie Londoii Diocesaii FLind as ciistodian tl'LlStee. In 2017, tlie PCC I"eceived £40,000 iii coiiipeiisation in I'elatioii to tlie loss of li(Tlit at No. 6 aiid tlic balaiice of tliese fiiiids aftei" payineiit of vai'ioiis electi'ical and plLiiiibiiig woi-ks at No. 6 Iiave beeii iiicliided iii tlie desigiiated fiiiid wliicli totals £7,634 at 31 Deceinbei- 2020. Resti'icted fiiiids al-e siibject to tliose liinitatioiis 011 tlieii" expeiiditLlI-e iinposed by their doiioi"(s); aiid, ciii"i-eiitly, tlie Inain types of I"esti"icted fiiiids al-e: The Missi017 F1117d- these fLiiids ai"e I"esei"ved to pi-ovide coiitiiiued siippoit foi- tlie Missioii Pi"ojects as decided on fi-oin tiine to tiine by tlie Mission Coiniiiittee. Fiiiids i-aised iii relatioii to tlie Leiit Appeal aiid Festival Appeal ai"e inclLided witliiii tlie Collections aiid Appeals Fuiid. T17e oi.gaii Resloi-ati077 Appeal Fz177d- tliese fiinds I"elate to the balance of fiiiids left over after tlie I"estoi-atioii of tlie oi.gaii aiid Iiave beeii i-etaiiied specifically agaiiist any fuitlier costs iiiciii-i-ed. Intei"est is geiierally applied to tliese fiinds on ali aiiniial basis biit diie to Iiistoi"ically low I"ates, noiie lias beeii appl ied iii tlie ciirreiit yeai". Diii"incr the yeai" £1,391 was expended on 11011-I'OLltiiie Inaiiitenance. ASMS PCC Aiinual Report and Financial Statements 20?0 15
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE FINANCIAL ,STATEMENTS YLAR ENDFD 31 DECEMBER 2020 The Choir a17d Mzisic Fiind- tliis coiiiprises: i) pi-oceeds fi-om tlie Clioii- aiid Miisic Ti-list towai-ds tlie cost of the choii- aiid miisic ot- All Saints; ii) tlie 01-gaii scliolai- bLlI-sai-y specifically fiiiided by a le(yacy fi.oin Joliii Bii"cli and otliei- doiiatioiis; and iii) tlie i-esidue of a legacy of £5,000 froin Saiidi-a Alleii foi- Ilie piii"cliase of slieet miisic. The Resto7"ali017 Appeal F1117cI - tliese fLiiids I"elate to tlie tiinds i-eceived aiid cxpeiided 011 tlie Restoi"atioii Pi"ojcct. Dliring Ilie yeai" £2,888 was I"eceived iii I"elation to oiiooiiig I"cstOl"2c tioii woi'ks. DLiring tlie year £2,435 was speiit 011 ongoing I'estoi"atioii woi"Ls. Tliei'e was a balaiice of £48,768 iii tlie Restoi"atioii Fiiiid at tlie yeai- eiid. Detciils of tlie moveineiits iii all I"csti'icted fiiiids foi. Ilie year ai"e sliowii iii Iiote 13. Incoiniiig i-esoui.ces Vo11117tary i17coii7e- collectioiis al-e I"ecogiiised wlieii Iiiade, ainoiiiits i-eceivable Iiiider pledges wlieii Iionoiired by tlie doiioi" aiid iiicoine tax I"ecovei"able 011 gift-aided doiialions wlieii claiiiiable. Gi"ants aiid iininediate le(yacies al'e I'ecognised as soon as tlie PCC is Iiotified of its entitleinent aiid tlie aiiioiiiit diie. Revei'sionaiy legL2cies al'e I'ecoonised wlieii tlie I"evei'sioii fal Is iii. Ot17ei" i17C0117e - i-eIital iiicoiiie aiid fees al-e I"ecogii ised Ivlieii eai-licd, less aiiy pi-ovisioii foi" ainoiiiits tliat Inay pi.ove Iiiicollectible. Divideiids aiid iiiterest aiid aiiy I'ecovei'able tax tliei.eoii al'e recognised wlieii diie. RLsources expended All costs ai"e allocated betweeii tlie expeiiditiii-e cate(yoi'ies of tlie Stateineiit of Fiiiaiicial Activities 011 a basis designed to reflect tlie use of tlie resoiii'ce. Costs I"elatiiig to a paitlCLilai' activity ai"e allocated dii"ectly. Grants aiid donations ai"e reco(yiiised wlieii aiitlioi.ised by tlie PCC. All otlier costs, iiicliiding tlie Diocesaii Coininon riiiid Conti"ibiition, ai"e I"ccogiiised wlien the I'elevaiit liability is iiiciii"I"ed. Costs of ge17ei"ati17g vo11117taiy i7icoii7e tlic costs of geiiei-atiii(y voliiiitai"y iiicoine coinpi'ise tlie costs associated witli atti"actiiig volLllltai"y income. ,Szippoi't cost3 - the siippoit costs al-e delailed iii Iiote 8c to tlie fiiiancial stateineiits aiid ai-c al located to CIILlI"cII activities. Govei'i7a17ce cosls govei'iiaiicc costs incllide tliose costs associated witli Iiieetiiig tlie coiistitlltional I'eqiiii"eineiits of tlie PCC. Fixecl assets Con3'ecraled land aiid biiildings a77d 117ovecible chLii-c17fiii"171tiire coiiseci.ated aiid beneficcd pi"opeity is exclLided li'oin tlie accoiiiits by sectioii l 0(2)(C) of tlie Cliai"ities Act 201 l. No valiie is placed 011 Inovable cliiii.cli fLlI"Iiisliiiigs Iield at 31 Deceiiibei- 2020 by tlie cliLlI-cliwai"deiis on special ti-ust foi- tlie PCC and which reqiiire a faciilty foi- disposal, siiice tlie PCC considei"s tliis to be inalieiiable pi-opeity. Tlie valiie of any such pi"opeity foi- wliose disposal a faciilty miglit be obtaiiied would be I"ecouiiised on disposal. All expenditiii"e illCLlI-I"ed dLlI'ing the yeai" 011 coiiseci-ated oi" beneficial bLiildiiigs, wlietliei" 011 Iiiaiiiteiiance oi. iinpi'oveineiit, is Ivi"itteii off as illCLlI-I"ed. ASMS PCC Annual Report aiid Fiiiaiicial Stateinents 2020 16
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE f4INANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020 Ot17er land and buildi77gs Nliiiiber 6 Mai"gai-et sti.eet IS VcllLied at estiinated 1iiai.ket valLie wlien I"eceivcd. Depi-eciatioii of tlie biiildiii( lias not beeii accounted foi- siiice tlie ainoiint involved was Iiot Jnatei"ial. Othe7'fi.Yliii"es, filt117gs a17d office eqiiip117e17t Eqiiipineiit used witliiii tlie chiii.cli pi"einises is dcpi-eciated 011 a sti"ai(ylit liiie basis ovei- 3 yeai"s. Iiidividiial iteiiis of eqLiipinent witli a i)111-cliase pi.ice of less tlian £1,000 al'e wi-itteii off iii tlie pei.iod in wliich the asset is acqLllI"ed. Ciirrent assels Ainoiiiits owiiig to the PCC at 31 Deceinbei- 2020 iii I'espect of fees, I"eiits oi" otlier iiicoine al-e sliowii as dcbtoi"s less aiiy pi.ovisioii foi" aiiiouiits tliat Iiiay pi.ove Iiiicollectable. Slioit-tei"In dcposits iiicliide casli Iield 011 deposit eitliei. with tlie ceiiti.al Boai-d ot" Fiiiance 01- at tlie bank. Stock Stock is vallied at tlie lowei" of cost and net realisable valiie. 2. Remunei'ation No I"einunei"ation 01- othei" Iiiatei'ial beiiefits have beeli paid 01- ai"e payable fi'oin the PCC'S fuiids dii"ectly or indii"ectly to aiiy pei'soii coiiiiected witli tlie PCC iii tlieii. capacity as a Ineiiibci" of tlie PCC. One Ineiiibei" of tlie PCC Iield a tenaiicy in PCC, pi"opeity. 3. Connected charities Tliei'e ai"e two cliai"ities wliicli al-e cojiiiected Nvitli tlie PCC. Tlie All Saiiits CIILircli Maiyleboiie Clioii- aiid MLISIC Ti"Iist has as its objects tlie suppoit of cliiii'cli Iniisic iii St. Mai"yleboiie aiid iii paiticiilai. at Al I Saints. The All Saiiits Fouiidation iiicllides ainoiig its objects tlie Inaiiitenance aiid I'epaii" of tlie pai-isli cliLlI"cli of All Saiiits. 4. Iiiclcpeiidenl li xamiiier's reiniinLration Tlie I"einiineratioii payable to tlie independeiit exainiiiei" foi" exainiiiiiig tlie accoiiiits is £1,440- tlie I'einiiiiei-atioii paid iii tlie yeai" foi" aiiditing tlie pi-evious year's accoiints was £2,400; iii botli cases iiiclLisive ofVAT. 5. Capitkil Lommitments Tliei"e were 110 financial coiniiiitiiieiits at 31 Deceinbei" 2020. 6. Policy on reserves Tlie PCC'S policy i.s to Iiiaiiitaiii its resei.ves at as IIicFlI a level as possible as it Iiiay Ivell be fciced witli Iiiiexpected expeiises 011 tlie iiiipoitaiit bLiildings eJitl"LlSted to its cai"e. It Iiccds to Iiave a i-esei-ve to covei- aiiy fLltiii-e slioi-tfall of reveiiiie wliicli Iniglit be caiised by expenses iiici"easiiig oi" coiiti-ibiitions fi.oiii doiioi"s i-ediiciiig. Tlie cost of tlie ciii-1.ent exteiisive I"efLlI-bisliiiieiit woi-k iii tlie iiitei"ioi- of tlie cliiii.ch will fai- exceed aiiy I"esei"ves accLiinii latiiig oiit of Iioi"Inal iiicoine. As a i-esiilt, tliese al-e bei lig fiiiaiiced oiit of tlie fiiiid s I"aised by tlie oiigoiiig Restoi"ation Appeal. The PCC'S policy is to iiivest any fLind balances Ivitli tlie CBF cliui.cli of Eii(Tlaiid Deposit Fliiid. Tliis iiiclLides both geiieral fLiiids aiid fiinds I'aised as pait of tlie Restoi-ation Appeal. ASMS PCC Annual Report and Financial Stateinents ?020 17
PCC OF ALL SAINTS MARGARET sTT NOTE4 S TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 7. Incoming resources UnR"estricted Funds Resti"icted 2020 Total 2019 Total A. Voluntary income Plaiiiicd giviiig: Nvitli Gift Aid Iiicoine tax i-ecovei-able Oiliei" Collectioiis at sei-vices Wall safes Siiiidiy donatioiis Grants foi" the clioir aiid IllLISiC Otliei- gi"aiits Appeals aiid special collectioiis Walsiiigliain/Pai-isli Reti"eat Restoi"atioii Appeal l.egacies 109,973 28,632 16,364 9,310 2,420 13,884 109,973 32,802 17,027 9,310 2,420 28,552 123,147 38,362 10.496 27,441 4,541 17,701 64,000 32,230 34,226 5,944 5,283 4,170 663 14,668 54,000 474 7,085 29,184 130 29,658 7,215 2,888 2,888 10.000 Total 219,897 83,948 303,845 409,871 B. Investment income Interest - iiicliid iiig Restoi"atioii Appeal iiitei.est Rents I"eceivable Otlier iiicoiiie fi'oin lettiiigs 60,180 60,180 20.654 61,140 Tot.ql 80,835 80,835 91,898 C. Aclivities for generating funds Shop sales 594 594 Total 594 594 2,427 D. Income fi.om chui.ch Activities Pai"ish papei- sales Choii- fees Otlier fees suiidi.ics 1,072 5,C)C)4 449 1,072 5,664 1,162 11,865 1,323 Total 7,185 7,185 14,350 Total incomin(F I"esources 308,511 83,948 392,459 518,546 ASMS PCC Aniiual Report and Financial Statements 2020 18
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE FINANCIAL STATEME4 NTS FOR THE YEAR TO 31 DECEMBER 2020 8. Resources expended Unrestricted Restricted Funds 2020 Total 2019 Total A. Costs of generating voluntaiy income Adveitisiiig FLiiid-I"ais i lig expeiises 1,391 52 1,391 1,010 1,443 3,352 4,795 14,398 B. cliiii.cli activities. mission and charitable (Fiyiii(y Missioii aiid cliai"itable giviiig 17,064 17,064 11,683 C. Church activities- directly I"elating to the work of the church Diocesaii Coininoii Flind Coiiti"ibLItioii 136,800 Clioir aiid Iniisic 13,546 oi.gaii - tLiiiing aiid i-cpaii" 3,711 Altai., saiictiiaiy aiid flowei-s 5,331 clei.gy expeiises 3,528 Sliop cost of sales 357 Pai-ish papei" 966 Maiiiteiiaiice, repaii"s aiid reiiewals 54,180 Heat, liglit aiid Ivater 1,077 Insiiraiice 15,968 Walsiiigliain/Pc21-islI Rcti"cat Restoi"atioii Appeal - costs IllCLlI'I"ed Salai-ies, wages aiid staff expeiises Office expeiises SLindi"y expeiises Diocesaii fees Baiik cliai.ges 136,800 69,234 5,102 8,279 3,528 357 966 55,630 1,077 15,968 150 2,435 63,367 13,935 632 148,500 125,497 7,572 6,289 5,489 1,203 2,412 82,641 8,392 15,173 5,697 19,064 40,411 15,432 1,724 514 1.043 55,688 1,391 2,948 1,450 150 2,435 63,367 13,935 632 957 957 Total 314,35) 64,062 378,417 487,053 D. Governance costs Aiidit fee 1,920 1,920 1,968 Total resources expended 317,718 84,478 402,196 515,102 ASMS PCC Aiiiiual Report and financial Stateiiients 2020 19
PCC OF ALL SAINTS MARGAKET STREET NOTES TO THE FINANCIAL STATLMLNTS FOR TIIE YEAR TO 31 DLCLMBLR 2020 9. Fixed assets for use by the PCC Freeliold Building Equipment Total Gross book value: At l Jaiiiiary 2020 Cost of eqiiipineiit boLI(ylit diii-incr Cost ot- eqliipineiit sci'ai)ped diii-iiig year 6,000 12,419 18,419 At 31 Deceinber 2020 6,000 18,419 Depreciation: At l Jaiiiiai-y 2020 Cliai'ge foi- tlic year Relatiiig to sci"apped eqLiipiiieiit 12,418 12,418 At 31 Deceinbei- 2020 12,418 12,418 Net booli value At l Jaiiiiaiy 2020 At 31 Deceinber 2020 6,000 6,001 10. Debtors 2020 2019 HM Reveiiue & Ciistoins Otlier debtoi-s 34,635 6,000 Tutal 43,924 20,529 I l. Liabilities 2020 2019 DLie witliin oiie year: Otliei" ci"editoi-s Total 3,678 14,002 ASMS PCC Aniiiial Repoit and Finaiicial Statements 2020 20
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 12. Unrestricted funds Opeiiing balaiice Movement in 2020 Closin(F balance Uiidesigiiated: Geiici'al Sliop stock 27,879 6.043 (8,850) 19,029 33,922 (9,207) 24,715 Desigiiated: 6 Mai'gyai"et Sti'eet Total 41,556 (9,207) 32,349 13. Restricted funds Opeiiiiig balance Closing balance Income Expenclitui'e Vicai-'s disci.etionaiy fund Mission Collectioiis aiid appeals Clioii" aiid Iiiusic Clioii. aiid MLISIC flind Live sti"eaiiiing flind oi.gaii I'estoi"ation appeal Vestineiits, Iianoings and SLiiidi"ies Restoi-atioii appeal 3,511 2,523 19,476 2,507 1,187 3,511 2,523 6,356 3,132 1,250 12,832 5,330 120 9,430 625 55,250 14,282 388 1,085 23,050 55,187 1,450 1,391 965 6,333 Total 83,852 83,948 84,478 83,322 14. Analysis of assets over types of funds Net cui"I"ent .qssets Fixe(l assets Resti"icled fLiiids Uiii"esti-icted funds Desigiiated Uiidesigiiated 83,322 83,322 6,000 1,634 7,634 Total 6,001 109,670 115,671 ASMS PCC Aniiual Report and Fiiiancial Stateinents 2020 21
PCC OF ALL SAINTS MARGARET STREET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2020 15. Staff costs 2020 2019 Gross salai.ies Einployei", s national insLirance coiiti-ibutions Peiisioii coiitribiitioiis to defiiied coiiti"ibution sclieines 59,820 37,019 Total 63,367 40,411 Tlie avei.age Iiiiinber of lay staff dLII"il](F the yeai. was 4 (2019: 1). All lay staff al-e offei-ed tlie option of joiiiiiig NEST wliicli is a woi"kplace peiision sclieiiie set lip by tlie Govei-liinent. Tlie coiiti"ibLltioiis Iiiade by tlie PCC diiriiig tlie yeai" totalled £3,547 (2019= £3,392) aiid wei-e to a defiiied coiiti-ibiition sclieine. Tlie PCC no longei. Inakes aiiy cojitribiitioiis to tlie Chui-cli Woi-kei"s Peiisioii Fiiiid wliich is tlie Sclieine adiiiiiiistei.ed by tlie cliiii.cli of Eiiglaiid Pensioiis Boai"d. Tlie leoal stl'LlCtLlI'e of tlie sclieine is SLiclI that if anotliei- einployei" fails, All Saiiits Mai-gai'et sti.eet coiild becoine I"espoiisible foi. paying a sliai"e of that eiiiployei"'s pension liabilities. 16. Net incoming resources for the year 2020 2019 Tliis is stated aftei. cliai"ging: Independent Exaininei s I"einiiiiei"atioii 1,920 1,968 17. Related parties DLlI"iiig tlie yeai" £5,818 was paid to laii Lyoii, a illeinbei- of tlie PCC, in fees for singiiig iii the cliLlI"ch choir. DLlI"iiig tlie yeai", Iaii Lyon, a Jiieinbei" of tlie PCC, paid I'eiit of £15,360 foi" Iiis occiipatioii of tlie baseineiit flat at 6 margai.et Sti-eet. No otliei" Ineiiibei" I"eceived i-einiiiiei"atioii oi" expenses diii-iiig tlie yeai". DLlI-iiig tlie yeai", doiiations i-eceived bs1 tlie cliiii-cli fi.oin PCC Ineinbei"s aiiioiiiited to £23,778 of wliicli £3,517 was giveii foi" i-esti'icted piii-poses. 18. Post balance sheet event Siiice 31 Deceiiibei- 2020, tlie spi.ead of COVID-19 lias sevei.ely coiitiiiiied to iinpact vai"ioiis oi'ganisations and tlie econoiny as a whole. Tlie dLlI-ation aiid iiiipact of tlie coi-oiiavii-lis paiideiiiic, as Miell as tlie effectiveness of govei"Iiineiit and ceiitral bank I"esponses, I"emains Liiicleai" at tliis tiiiie. Howevei", the PCC does Iiot coiisider tliat tlie CLiri"eiit situatioii will Iiave ali advei-se inipact as it is coiitiiiually 1noiiitoi.iiig its cost base aiid Lltil ising govei-liinent assistaiice wliei"e it cali in I'espect of Coi"onavii-Iis Job Reteiition Sclieine paynieiits. Tlie PCC is able to opei.ate aiid cai.iy 011 its fiinctioiis reinotely Iindei- tlie ciii-i-eiit resti"ictions PLIt in place by tlie govei"Iiineiit. Based on tliis tlie PCC Iiave deteriiiiiied tliis sitiiatioii to be a 11011-adjLlSting siibseqiieiit eveiit. ASMS PCC Annual Report and Financial Statements 20?0 22