2021-12-31-accounts

es Annual Report 2022	es Annual Report 2022
Aims and Purposes
Objectives and	Activities
Achievements	and Performance
Future Plans
Organisational	Structure

Treasurer's Report	Treasurer's Report	10
Auditor's	Report	14
Statutory	Accounts	16

BANKERS			INDEPENDENT AUDITORS
Nationai Westminster		Bank Pic	Jacob Cavenagh tt Skeet
2 Greenwich	Church	Street	5 Robin Hood Lane
Greenwich	SE109BQ		Surre SM1 2SW

		2021	2020	2019
		5	9.	8
Cost or estimated	market value
At 1stJanuarY		4,445,000	4,445,000	4,285,000
Additions
Revaluations				160,00D
At 31st December		4,445,000	4,445,DOQ	4,445,000
Comprising
7 St Alfege Passage		1,170,000	1,170,000	1,170,DOO
8 SI.Alfege Passage		1,120,00D	1,120,000	1,120,000
10St.Alrege passage		1,170,00D	1,170,DQQ	1,170,000
11St.Alrsge Passage		985,000	985,DOO	985,000
		4,445,000	4,445,000	4,445,000

aided donations,	aided donations,	aided donations,	aided donations,	on average, f2k per	on average, f2k per	month lower than	before the pandemic.	before the pandemic.	Hall lettings, Concerts and Rental	Hall lettings, Concerts and Rental	Hall lettings, Concerts and Rental	Hall lettings, Concerts and Rental
Property		Income are also still lagging				behind their positions in 2019.
Unrestricted donations dunng 2021 were F127,482 which was f4,828 higher than the 6122,654 donated in 2020.The gift aided donations were lower with fewer envelope donations, although non giR-aided donations were F9,903higher than in 2020, recovering a significant part ofthe drop from 2019income levels. Open plate donations, were, in 2021
most impacted				by	church closures, along with donations		collected at concert		and recitals and donations		from visitors.
							2021 f	2020	Movement F	Change o/o
					Gift aid donations		104,728	109,802	(5,074)	-5 /o
					Non gift aid donations		22,754	12,851	9,903	77'/o
					Total Donations		127,482	122,654	4,828	4/o
					Dividends and Interest		27,236	26,070	1 166	4o/o
					Rental Property Income		91,176	94,855	(3679)	4o/o
					Investment Income		118,412	120,925	(2,512)	-2'/o
					Church hire		29,162	50,533	(21,371)	-42'/o
					Hall 8 Nursery		14,723	18,260	(3,538)	-19'/o
					Concerts		6,670	6,510	160	2'/0
					Church and hall		50,554	75,303	(24,749)	-33'/o
					Ministry		14,704	3894	10810	278o/o
					Core Income		311,153	322,775	(11,623)	-4'/o
					Restricted Income		5,860	60,187	(54,327)	-90/o
					Wastelands		145,000		145,000	100'/o
					Other Grant Income (Covid)		33,874		33,874	100'/o
					Legacy
					TotalIncome		495 887	382 962	112924	29o/o

longer uses	the premi	ses for debt advi	ce, and renta	l property ro	of repairs.
			Actual	Actual	Movement	Movement
			2021	2020	6
Rental properly	expenses		17,835	13,158	4,677	36%
Concerts, ewnts &other income generating			6,940	6,635	305	5%
Church maintenance			28,116	11,845	16,271	137%
Church running	expenses		34,210	31,649	2,561	8%
Hall maintenance & repairs			27,545	2,226	25,319	1137%
Hall running expenses			7,373	9,533	(2,159)	-23%
Administration	Otsce steff	costs	39,127	34,386	4,741	14%
Clergy housing	& ministry	expenses	34,322	14,654	19,668	134%
Music end choir			19,806	16,104	3,702	23%
Church supplies			4,954	8,176	(3,222)	-39%
Advertising			2,229	2, 001	227	11%
Audit			5,812	5,982	(170)	-3%
Oflice costs			14,671	14,541	130	1%
Depreciation			2,970	248	2,723
Sundry costs			5,410	10,132	(4,722)	-47%
Sub-Total Costs Expended			251,319	181,269	70,050	39%
Diocesan quota			133,940	132,613	1,327	1%
Total Costs Expended			385,259	313,882	71,377	23%

							Unrestncted	Restricted	Total		Unresbicted	Restricted	Total
							Funds	Furl de	Funds		Funds	Funds	Funds
							2021	2021	2021		2020	202D	2020
						Note	2	2	2		8		6
Income and Endowments		from:
Donations and legaues							272,462	4,D05	276,487		122,654	2,310	124,963
Charitabl activities							98,894	133	99,026		79.197	56,196	135,392
Other trading activities							239		239
investments							118,412	1,722	12D,135		120,924	1,682	122,606
Other income
Total income and endowments							490,027	5,860	495,887		322,775	60,187	382.962
Expenditure on:
Raising Funds							24,775	4.DDB	28,783		19,792	9,835	29,628
Charitable acterities							360,484	113,876	474,360		294,090	625,615	919,7D5
Other
Total expenditure							385,259	117,884	503,143		313882	635,451	949333
Net gains/Dosses)	on investments:			Realised			12,732		12,732
Net gains/(losses)	on investments:			Unrealised			107,052	10,024	117,076		7,765	9,888	17,653
Gainer(losses) on revaluation			ofinvestment		properties
Net income							224,551	(102,609)	122,551		16,657	($65,376)	(548,71$)
Transfers between	funds					10	l43,881)	43,881			(92,441)	92,441
Net movement in funds							180,67D	(58,119)	122,551	-	75,783	(47?„935)	(548,718)
Reconciliation offunds:
Total funds brought forward		at 1stJanuary					5,870,595	170,424	6,041,019		5,946,378	643,359	6,589,737
Total Funds cerned	forward at31			December			6,051,265	112,305	6,163,570	5,870,595		170,424	6,041,019

					2021		2020
			Note		F		E
Fixed Assets
Land &propertyfor	use by the PCC		4(a)	468,210		468,210
Iniestm ant properties			4(b)	4,445,000		4,445,000
Other tangible fixed		assets	4(it)	8,663		11,633
Securities			5	960,859		842,931
					5,882,731		5,767,774
Current assets
Debtors			12	176,524		241,053
Short term deposits			6	3,265		3,264
Cash at bank and in		hand		189,436		122,972
				369,224		367,289
Current liabilities
Amounts falling due		within one year		(88,385)		(94,044)
Net current assets					280,839		273,245
Netassets					6,163,570		6,041,019
Funds
Unrestricted
Designated				5,309,993		5,202,029
Undesignated				741,272		668,566
Total unrestricted					6,051,265		5,870,595
Restricted					112,305		170,424
Total funds					6,163,570		6,041,019

Income	and Endowme	nts	from:
			Unrestncted	Restncted	TOTAL	Unrestncted	Restrlmed
			Funds	Fuhds	FUNDS	Funds	Funds
			2021	2021	2021	2020	2020	2020
		Note	E	L	E	E	E	6
Donations a Legacres
Gift aided Donabons			86,899		86,899	87,671		87.671
Income taxrecomrable	on gift aided donations		17,829		17,829	22,131		22,131
Cogecbons fopen plate) at ag sensces			217		217	1,709		1,709
Sundrydonations			167,537	4,005	171,542	11,143	2,310	I3,453
Legedes		14
			272,482	4,005	276,467	122,654	2,310	124,963
Chantable actMtles
Church &church hali l eton g s			37,391		37,391	63,167		63,167
Car parleng			13,163		13,163	I2,136		12,136
lnaddlng end otherfees			14,466		tsetse	3,894		3,894
Grants			33,874		33,874		500	500
Other Fun drals ng				133	133		55,696	55.896
			98,894	133	99,026	79,197	56,196	135,392
Other Iradlhg actMtles
Income from fundraising	emnts		239		239
			239		239
Investments
Bank3olherlnterest			I			16	5	20
Diudends			27,236	1,722	28,967	26,054	1.677	27,731
Rentei ncome			91,176		91,176	94,855
			I I8,412	1,722	120,135	120,924	1,882
Total income and endovvmenm			490,027	6,860	495,887	322,775	60,187	382,962

						Unrestncted	Res tn mad	TOTAL	unrestncted	Restncted	TOTAL
						Fiirids	Fuiids	RRtDS	Furids	Fuiids	RINDS
						2021	2021	2021	2020	2020	2020
					NcCe		5	6		6
Raising funds
Rental pmpenyexpenses						17,835		17,835	13,158		13,168
Concerts exacts		and cthe		mccme generebng		6,940	4,008	10,948	6,835	9,835	16,470
acti ed as
						24,775	4008	28,781	19,792	9835	29,628
O sceeen quote					15	133,940		133,940	132,613		132,613
Ch rch maintenance!b			restcratlcn		16,17	28116	46,577	74,693	11845	538,1 19	549,984
ChuM running	expenses					34210	278	34,488	31 649		31,649
Hall ma ntenence		Sr@pairs			16	27,545		27,646	2226		2R26
Hall running expenses						7,373		7,373	9,533		9 Ass
sdmrnrstrabcn	stattccsts					39,127	54,035	94,062	34,386	55,162	89548
Clergy housing	&	min shy expenses				34,322		34,322	14.654		14,854
sets canc amrr						19,~06		19,806	16,104		16,104
Church supplies						4,054	1,267	8,221	8,176	22,323	30,499
Adverbs ng						2229	4,162	6,190	2 001	9,402	11,403
Aud t						5812		5,812	5,962		5,982
						14671		14,900	14,541	609	ia,iac
Depreaabcn						2,970		2,970	248
chantable aung,		Grants				1,519	6.429	7,948	5,000		5,000
Sundryccsts						3,891		3,891	5,132		5,132
							113,876	474,360	294 090	625615	919,705
Tant Fxpenraae						386R69	117,864	503,143	113,882	835,451	949,333

					2021	2020
						6
Cost or estimated			market	value
At 1st January					468,210	468,210
Additions
Revaluations
Disposals
At 31st December					468,210	468,210
Compnsing
Church hall		and nursery			168,210	168,210
Caretakers		cottage			125,000	125,000
Car park area					100,000	100,000
Recreation	ground
Oid mortuary		building			75,000	75,000
					468,210	468,210

differences in th	e prop	erty specif	ications.
			2021	2020
			6
Cost or estimated	market	value
At 1st January			4,445,000	4,445,000
Additions
Revaluations
At 31st December			4,445,000	4,445,000
Comprising
7 St. Alfege Passage			1,170,000	1,170,000
8 St.Alfege Passage			1,120,000	1,120,000
10St. Alfege Passage			1,170,000	1,170,000
11St Alfege Passage			985,000	985,000
			4,445,000	4,445,000

	2021	2020
		8
Cost
At 1st January	7,725	7,725
Addtbore
At 31st December	7725	7,725
Accumulated Depreciation
At 1st January	7 725	7,725
Depreciation for the year
At 31st December	7 725	7,725
Net Book Value
At 1st January
At 31st December

4(d)	Fixtures,	Fitti	ngs and Equipment
				2021	2020
			cost
			At 1stJanuary	37,435	19,555
			Additions		11,880
			At 31st December	31,435	31,435
			Accumulated Depreciation
			At 1stJanuary	19,803	19,555
			Depredation forthe year	2,970	248
			At 31stDecember	22,773	19,803
			Net Book Value
			At 1stJanuary	11,633
			At 31stDecember	8,663	11,633
5	Securities
5(a)	Equities
				2021	2020
		COIF	Investment Fund Income Shares		152,246
		COIF	Ethical Investment Fund Income Shares	173,686
		CBF	Investment Fund Income Shares	87,981	76,920
		CBF	Global Equity Income Fund Shares	310,685	267,367
		CBF	UK Equity Income Fund Shares	216,345	183,900
		M&G	Charifund Income Units	172,162	162,498
				960,859	842,931

al Securities
	2021	2020	2019
	E	6	E
Market value at 1stJanuary	842,931	825,278	686,627
Additions	163,828
Disposals, atcost	(175,708)
Gain on disposal	12,732
Revaluations	117,076	17,653	138,651
Market value at31st December	960,859	842,931	825,278

Gains	on reval	uation o	r disposal
			Unrestricted	Restricted	TOTAL	Unrestncted	Restricted	TOTAL
			Funds	Fund	FUNDS	Funds	Fund	FUNDS
			2D21	2D21	2921	2D2D	gogo	2029
Analysis ofchanges	in the period
Investment pro certes
Nett gain (-loss) on secunties			197,D52	1D,D24	117,D76	7,765	9,856	17,653
Net gain (-loss) on revaluaticnsi		dispcsals	197,D52	1D,D24	117,D76	7,765	9,686	17,653

		Unrestdcted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		2021	2021	2021	2020	2020	2020
Land &	Buildings	468,210		468,210	468,210		468,210
Fixtures,	Fittings & Equipment	8,663		8,663	11,633		11,633
Investment Property		4,445,000		4,445,000	4,445,000		4,445,000
Securities		888,964	71,895	960,859	781,060	61,871	842,931
Current	Assets	278,059	91,165	369,224	193,519	173,771	367,289
Current	Liabilities	(37,631)	(50,754)	(88,365)	(28,827)	(65,218)	(94,044)
Fund balances		6,051,265	112,3D5	6,163,570	5,870,595	170,424	6,041,019

					Current	Securities	Tots I	Current	Securities	Total
					Assets		Assets	Assets		Assets
					2021 f	2021 f	2921	2020 f	2020f	2020f
Smith Trust						71,595	71,895		61,871	61,871
Restoration		Appeal		Fund	35,039		35,039	100,966		100,966
Chancel	Fund				1,142		1,142	1,142		1,142
Grants					507		807	807		807
Charity	Coiiechons			Held	3,421		3,421	5,835		5,638
Total Restricted			Funds		40,410	71,595	112,305	108,553	61,871	170,424

		Amcid	Wccdypcl	Lowe	Total	Arnold	Woodyard	Lowe	Total
		Bequest	Sbib Prcmedc	Bequest	Designated Fvlldp	Bequest	Sale Procgbds	Bequest	Designated Funds
		2921	2921	2021 9	2921 9	2020 E	2020f	2020	2020 f
Lbcd 3	Buildings
Fixiviev,	Figicgc 3Equipment
Investment Property		4,445,009			4,445,999	4,445,000			4,445,000
Deveicpmeci Costs
Secviqlev		167,534	543,535	B3.531	T94,331	146,953	457,454	94,441	598,747
Current	Assets	3,400	70,132		72,592	24DO	70,152	(11,660)	60,632
Current	Liabilities	(2,409)			13,499)	(2,400)			(2,400)
Long Term Liabilities
		4,512,534	613,793	93,551	5,399,993	4,591,853	537,515	72,551	5,202029

			Balance	Income &	Expenditure	Transfers	Unrealised	Balance
			1 Jan 21	Realised			Gains	31 Dec 21
				Gains
Fund
Unrestricted Funds
General Purposes		Fund	668,566	465,597	(385259)	(19,041)	11,410	741,273
Arnold Bequest			4,591,853	15,526		(4,353)	9,508	4,612,534
Woodyard Sale Proceeds			537,615	16,084		(18,084)	76,182	613,798
Lowe Bequest			72,560	5,551		(4,403)	9,952	83,661
Total Unrestricted		Funds	5,870,595	502,758	(385,259)	(43,881)	107,052	6,051,265
Restncted Funds
Charity Collections		Held	5,638	4,005	(6,429)	207		3,421
Smith Trust			61,871	1,722		(1,722)	10,024	71,895
Grants —restricted			807					807
Chancel Fund			1,142	1				1,142
Restoration Appeal			100,966	133	(111,455)	45,396		35,039
Total Restricted	Funds		170,424	5,860	(117,884)	43,881	10,024	112,305
			6,041,019	508,618	(503,143)		117,076	6,163,570

			Balance	Income &	Expenditure	Transfers	Uhisalised	Balance
			1Jsh '20	Realised			Gains	31 Dec20
				Gains
Fund
Unrestricted Funds
General Purposes		Fund	734,940	299,035	(313,882)	(56,821)	5,294	668,566
Arnold Bequest			4,582,988	4,236		(4,238)	8,865	4,591,853
Woodyard Sale Proceeds			526,284	15,382		(15,382)	11,331	537,615
Lowe Bequest			102,166	4,122		(16,002)	(17,725)	72,560
Tora I Unrestrrcte	d	Funds	5,946,378	322,775	(313,882)	(92,441)	7,765	5,870,595
Restricted Funds
Charity Collections		Held	1,447	2,310		1,882		5,638
Smith Trust			51,983	1,677		(1,677)	9,888	61,871
Grants - restricted			307	500				807
Chancel Fund			1,137	5				1,142
Restoration Appeal			588,485	55,696	(635,451)	92,236		100,966
Total Restricted	Funds		643,359	60,187	(635,451)	92,441	9,888	170,424
			6,589,737	382,962	(949,332)		17,653	6,041,019

			2021	2020
				6
Gross salaries			85,889	85,360
Employer	Pension	contributions	1,651	1,654
Employer's	National	Insurance	6,522	2,534
			94,062	89,548

	2021	2020
	6	6
Prepsymehis	6,221	6,246
Gui Ad Redeim	6,229	5,344
Reniei Deposit	2,400	2,400
HLF Grant	132,539	192,543
Other Debtors	29335	34,521
	176,524	241,053

			2021	2020
			5
Rental Property		Deposit	2,400	2,400
Accrued	Expenses		63,108	55,967
Provisions
Taxation	and social security		7,157	7,157
Deferred	income		4,287	4,213
Sundry	Creditors		11,434	24,308
			88,385	94,044

					From	From	TOTAL	TOTAL
					urrastricte	rastnctad	EXPENSE	EXPENSE
					d Funds	Folids
							2021	2020
Hall
Roof & Floor					72		72
Other					27,473		27,473	2,226
Church
Rastolatloll		Appeal				46 577	46,577	538,119
Haaung					2,616		2,616	660
E tact neat					2,151		2,151	3,947
Roof &Floor					1,050		1,050
Other, ind.		organ	&	sound	19,301		19,301	5,299
Tower and		clock			2,164		2,164	1,729
Churchyard					835		835	210
					55,661	46 577	~102238	552 190
Funded by:
PCC General		Purposes		fund	39,577		39,577
Woodyard Restoration	Appeal				16,084	46 577	16,084 ~46 577	14,072 538119
					55,661	46 577	102238	552,190

		2021	2020
Within one year		1,708	1,603
Between two	and iive years	3,842	1,475
Net unreahsed	gain (-loss) on revaluations	5,550	3,078

							2021	2020
Balance Sheet
Seed/ities
29,493 COIF Investment		Fund		accumulation	shares	146,279
7,550COIF Investment		Fund		income shares		23,592
							169,872	269,960
Cash end short-term	deposits
Bank deposits						2740
							2,740	8,315
Creditors
PCC
							172,611	278,275
Statement ofFinancial Activities
Income
Dividends							613	596
							613	596
Expenditure:
Grant to PCC Sttufege							(145,000)
Net income before investment			gains				(144,387)	596
Gains on investments
uniss/ised gains (-losses)		on rswlustion					24,555	57,563
Net gains/(losses) on	inwstmsnts:			Realised			14,168
Net income							(1os,s64)	68,159
Balances b/f 1stJsnusly							278,275	210,116
Balances c/d 31stDecember							172,611	278,275