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 Iiiidesi￿1IatCd.
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 sT￿￿T
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