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|es Annual
Report 2022|es Annual
Report 2022|
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|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|
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|---|---|---|---|
|BANKERS|||INDEPENDENT AUDITORS|
|Nationai
Westminster||Bank Pic|Jacob Cavenagh
tt Skeet|
|2 Greenwich|Church|Street|5 Robin Hood Lane|
|Greenwich|SE109BQ||Surre
SM1 2SW|
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|||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|
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|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|||
##
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|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%|
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##
||||||||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|
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|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|
##
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##
|||||||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|
##
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##
##
||||||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|
##
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##
|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|