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2020-12-31-accounts

CONTENTS
Legal and Administrative Information
PCC Annual
Report		 4-9
Independent
Auditors'		 Report 10-13
Statement of Financial Activities 2020 14
Statement of Financial Activities 2019 15
Balance Sheet 16
Statement ofCash Flows and related notes 17
Notes to the Financial Statements 18-30

The Reverend Lucy Winkett (Clergy, Rector) (Clergy, Rector)
The Reverend Dr John Russell
(Clergy, Associate Rector, appointed		 May 2020)
The Reverend Dr Ivan Khovacs
(Clergy)
The Reverend Daniel Norris
(Clergy)
The Reverend Dr Mariama Ifode-Blease
(Clergy, Assistant Curate, appointed		 October 2020)
The Reverend Hugh Valentine
(Clergy, resigned January 2020)
Deborah
Colvin		 (Churchwarden,
elected April		 2017, last re-elected October 2020)
Trevor Lines (Churchwarden,
elected April		 2017, last re-elected October 2020)
Julie Cunningham (Deanery Synod representative, elected October 2020
Shirley Dixon (Deanery Synod representative, elected April 2018, re-elected October 2020)
Rosalind
Fane		 (Deanery Synod representative, elected October 2020)
Joanna Hines (Deanery Synod representative, elected October 2020)
Pearl Willis (Deanery Synod representative, resigned October 2020)
Monica Bashabe (elected October 2020)
Alison Beck (elected October 2020)
Carolyn
Davies		 (resigned October 2020)
Robert Duirs (resigned October 2020)
Leah Hoskin (resigned October 2020)
David Loyn (elected April 2019)
Ben Mariam (elected October 2020)
Evelyn Namute bi (resigned October 2020)
Rakshita Patel (resigned October 2020)
Adolfo Sansolini (elected April 2016,re-elected April 2019)
Lia Dong Shimada (elected as Deanery Synod rep from April 2016,elected as lay member October 2020)
Heather Wilhams (elected April 2016,re-elected April 2019)
Wilson Wang (elected April 2017,re-elected October 2020)
Claire Wright (elected October 2020)

Unrestricted Funds
General Designated Resbicted Total Total
Notes Funds Funds Funds 2020 2019
INCOME FROM:
Donabons
and legacies		 2A 468,108 50,821 503,800 1,022,729 251,963
Church activities 2B 8,798 8,798 47,737
Use ofpremises 2C 273,726 273,726 841,371
Other Iradmg acbubes 2D 1,848
Investmenls 2E 3,623 1,515 5,138 9,495
Other 2F 206,794
TOTAL INCOME 754,255 50,821 505,315 1,310,390 1,359,208
EXPENDITURE ON:
Church activities 3A 550,033 59,462 187,375 796,870 964,744
Raising funds
Use ofprerruses 38 137,832 21,085 158,917 251,762
TOTAL EXPENDITURE 68'7,865 59,462 208,461 955,787 1,216,506
NET INCOISE/(EXPENDITURE)
BEFORE INVESTMENTS
GAINS 66,390 (8,641) 296,854 354,603 142702
NETGAINS/(LOSSES) ON
INVESTMENTS 912 912 2,158
NET INCOME/(EXPENDITURE) 67,302 (8,641) 296,854 355,515 144,860
TRANSFER BETWEEN FUNDS (42,075) 42,075
NET MOVEMENT IN FUNDS 25,227 33,434 296,854 355,515 144,860
RECONCILIATION
OF		 FUNDS:
Total funds brougMfonuard 13A,13B 329,766 485,333 562,637 1,377,736 1,232,876
Total funds cerned
fonvard		 13A,13B 354,993 518,767 859,491 1,733,251 1,377,736

Unrtratnctsd Unrtratnctsd
General Designated Restricted Total
Funds Funds Funds 2019
INCOME FROM:
Donalicrn and legacies 217,464 34,499 251,963
Church sctvrTres 47,737 47,737
Use ofpremises 841,371 841,371
Other tradiru acsvises 1,848
Irsestments 4,880 4,615 9,495
206,794 206,794
TOTAL INCOME 1,320,094 34,499 4,615 1,359,208
EXPENDITURE ON:
Church acsvities 808,722 86,509 69,513 964,744
Raising funds
Use ofpremises 251,762 251,762
TOTAL EXPENDITURE 1,060,484 86,509 69,513 1,216,506
Net Income/(Expenditure) before
investment
gains		 259,610 (52,010) (64,898) 142,702
NET GAINr(LOSSES) ON
INVESTMENTS 2,158 2,158
NETINCOME/(EXPENDITURE) 261,768 (52,010) (64,898) 144,860
TRANSFER BETWEEN FUNDS (245,800) 245,800
NET MOVEMENT IN FUNDS 15,968 193,790 (64,898) 144,860
RECONCILIATION OF FUNDS:
Torsi Irsrds brought forward 313,798 291,543 627,535 1,232,876
Total funds cerned forward 329,766 485,333 562,637 1,377,736

Notes 2020 2019
FREDASSET8
Tangible 9A 46,695 23,656
Irueslirieias 96 14,599 13,687
61294 37,343
CURRENTASSETS
Trade debtors 10A 1,097 43,759
Other debtors 108 90 16,689
Accnied irioiuiie tiasfrictad) 10C 245,100
Tax recoverable 3710 16,250
Prepaymenls
and accrued income		 10,758 16,979
Short Tenn Deposits 874,945 962,411
Cash at bank and in hand 589,166 394,592
1,724,366 1,450,680
CURRENT LIABIUTIES
Amounts
falling due in one year		 11 52,409 110287
NETCURRENTASSET8 1,671,957 1,340,393
TOTAL ASSETSLESSCURRENTLIitBILITIES 14 1,733251 1,377 736
NETASSETS 1,733vt61 1,377,738
PARISH FUI4DS
Unreslnded
funds.		 13A 873,760 815,099
Reslrirted
funds		 138 859,491 582,637
NETFUNDS 1,733,281 1,377,738

2020 2019 2019
8 8
Net cash born operagng acbvaes 136,382 191,793
Cash gows born Invesgng acgvlges
Dividends,
inlereel end Ienl fromr~		 5,138 9,495
Puichase oftangible fixed asset tor Ihs uss ofthe PCC (34,412) (20,656)
Net cash provldedl(used
In) Invesgng		 acgvaes (29,274) (11,161)
Change
Incash and cash equivalents		 ingie repodbig period 107,108 180,632
Cash and cash equivalents
at1stJanuary		 1,357,003 1,176,371
Cash arid cash IINassnls
id 31stDocoiiibof		 trfifie,f1t 1,357,003
Reconcifiatlon ofnet (ncomel(expendgure) before loves(mant ga(nato net sash
provided
by opomgiig scgvlfios
Net incomv/(experkfiture)
as per statement		 of finsncial acbfises 355,515 144,860
Adiuslmsnts
for.
Dsprsdason
charges		 11,373 10,899
(Qsrnsykosses
on i vesanenls		 (912) (2,158)
Dnidends,
interest and rani aom investments		 (5,138) (9,495)
fincreaseyoecresse
in debtors		 (166,578) (685)
Increaser(Decrease)
in creators		 (57,878) 48,372
Net cash provided
byl(used in) operating		 acthrees 136,382 191,793
Analysis ofcash and cash equivalents
Cash depont accounts 874,945 982,411
Cash at bank and in hand 589,166 394,592
(Aficttt IP67,003
At 1st At31st
Jiiiwary Cash- December
2020 0owe 2020
Analysis ofchanges in net debt 8 8
Cash 394,592 194,574 589,166
962,41t (87,486) 874,945
1,367,003 407,100 1,484,111

Un sstrktsd Funds
Genaml Designated Restricted Total Total
Funds Funds Funds 2020 2019
2A VOLUNTARY INCOME
Planned givlrg:
Glftsld stsnnldshlp 120,480 120,400 70,175
Tnx Iscorsrnble 39,140 30,140 31,828
Chsch cogscllolls 121,662 40,511 170,173 102,704
Legaues 21,975 21,075
Gfnnls 144,040 503,800 640,740
Coledlonboxes 11293 11293 18249
Trusts 600 600 7,303
Canis 4Good Causes 6,570
Winter Sheher 2,310 2,310 5,084
460,100 50,821 503,800 1,022,720 251,963
28 INCOME FROM CHURCH ACTIVITIES
Fess 8278 8278 24,620
Lectures Bird Eunlhl 520 520 13,897
Seminam and Rehash 9,135
Publicatiora 05
8,798 0,798 47,737
2C INCOME FROMUSEOF PREMISES
86268 80268 406,940
CsH 66,094 66,004 f17500
Conceits 61A70 01,470 215A78
Church, chuch hall and rectory 17,675 17,075 53,001
Wren Fhl licence 31AI68 31,860 31,522
FIISescape I Icarus 10350 10,350 16850
273.726 273,726 041371
2D ACTNITIES FOR GENERATING FUNDS
SaleofChisbnas Cents
Chisbnas
puddings
Social Erares
Fhwers 76
Traidcraft Stall 028
1,848
2E INCOME FROMINVESTMENTS
hlerest 3A15 1,515 4,930 9,007
OhildBnds 208 208 300
3,623 1.515 5,138 0,495
2F OTHER INCOME
Licslnss 200.794
200,704
TOTALINCOME 754255 50,821 505,315 1,310,390 1,350209

TE 3 EXPENDI T U R E
U bhq dF ds
Ge r I 0 Ig bd R SUMS Tst
I
9 d F d Fbrtds 2020 2010
3A EXPENDITURE ON CHURCH ACTNmEB
0
nl
A
Tgldhg		 3.304 3,304 12200
Ml I 97
Co rarrto
h Fthd		 85200 85200 104,000
CI 07 0220 8,226
A
It
R		 tof 34,724 34,724 44,730
A itdC t 3474 3,474
Om ad st amt
S NG fs		 choir cods
Dl~ ofMad		 0,740
5.535		 4,809 9.740
\0,344		 25,560
0472
Aq
qd		 It 2447 2,447 13,$43
Cdt
.		 Nra re. vlsnom and san ed nasa 4,166 4,100 10227
Fd m*di G rdoa prSI
tl		 0,700
Sod
Is'm		 h 1,113 1,113 4.143
Ddg
tdP		 jca 40,740 40,740 60,900
Othe e e bt.8 0 child edssctl lees 11.301
S Nd 170.025 11,382 56,740 238,747 222,380
Pe slo co blbtdomr 12507 12,097 17.102
Tl ph 3.535 0,535 5,955
Pddl
0
dot		 tlo 8,620 8.620 22A72
Leg
I rap~		 Io lf 27,314 5.000 32214 54,020
Ad
rs Ing		 4,029 4.029 0,757
Dspmcletloh 11,119 11,373 lb.890
Bankdaaes 1270 1270 2.173
0adrf erp 4,782 4,782 10,080
S d ra 0 ddMd bl 24,250
Ck
dra lt		 Md 27,937 27,03T 54,410
R p
I
d		 tslhb I 18,104 18,104 27,227
Gad
n		 3,341 3,341 lb.500
C
pd rend		 eqdpmentaqarnes I4,444 14A44 13.294
U010 * 14457 14A57 10,730
Sd
cdpdo		 2,933 2.933 4.701
S
tr		 10430 lb.430 23,8$0
~
8 Ce		 31,059 31.050 23,770
PspeS
d		 a 17203 f7203 12,092
s40,720 57.122 sfASS 08s,853 Ss8515
P
W go pmd 90215 90,215 00,513
Bdlding R parr 2,340 2.340 26,513
Recowrrrthd ls Ilshcs El sl M d I) 35.350 35,358
2,340 125373 127,913 00025
TOTAL 550,03S 50482 107276 798,070 004,744
33 EXPENDITUREON USEOF PREMISES
67086 lb.353 78.039 143,127
C M 1.984
Concerts 70,140 10.732 00,878 101,955
8 1.039
Wren Flat 3057
TOTAL f37232 21,005 ISS,SIT 201,702
TOTAL EXPENDITURE 807JI05 00402 200ASI 05S,TST 1210,500

2020 2019
Wages and salaries 310,693 322,245
Employer's
nabonet		 ms urance contribub one 22,500 28,668
Pension costs 24,203 23,702
366,495 374,615
2020 2019
Analysed as follows.
Acbvibes direcgy related to the work of the church: DrrectorofMusic 10,344 0,472
Vergers fees 384 1,590
Church management and admireslrabon: Administration 251,260 251,553
Use ofpremises Concerts 66,201 71,068
Markets 38,306 40,932
365,405 374,615
earned 2020 2019
Average
number		 ofemployees No. No.
20 22
2020 2019
No. No.
No.ofemployees more than 260 000
The remunerabon ofIhe key memb em ofstaff amounted lo2164841 (2019 - 8196 380)

2020 2019
0,440 6,800

2020 2010
Deanery ofWestminster 1,004
God is Giving 1,000
Amos Trust 2,000
CHASE Africa 2,000
Kalilintad
Philipinas		 Incorporated 2,000
Puck de
Ra ad t - Work with Asylum		 Seekers 1,000
A Roche UK 1,000
CHIVA Africa 1,000
Universities
Together		 1,000
Interfaith
Matters
lustshare
Mampong
Diocese		 Development Trust
CEPAD 100
TOTAL 2,204 12,avi

2020 2019
0 8
1DA TRADE DEBTORSg)NRESTRICTED FUNDS)
Sales ledger balances 2,437 63,046
Less Provision for doubtful debts: (),340) (19,287)
TOTAL 1,097 43,759
gDB OTHER DEBTORS'(UNRESTRICTED FUNDS) 2020 2019
8 0
90 16,609
10C ACCRUED INCOMEgtESTRICTEDFUNDS) 2020 2019
0 8
50%%u Cukure Recover%%u Grant 245,100
TE 11 CURRENT LIABIUTIES
2020 2019
CREDITORS: AMOUNTS FALLSIG DUE IN ONE YEAR (UNRESTRICTED FUNDS)
Trade creditms 30,275 54,701
Acauats 4,281 31,074
Taxation and soaal secunir 9,712 10,062
Osmr stereos 2,141 14,450
TOTAL 52,409 110,287
TE 11 FINANCIAL INSTRUMENTS
2020 2019
8 0
Financial assets measured at fair value through rncome and expenditure 1,478,710 1,370,890

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2020 Uwesbictsd Uwesbictsd Funds
General Destgnated Restricted Total
Funds Funds Funds 2020
8
Tangible fixed assets 46,695 46,695
Inveslmerfis fixed assets 14,599 14,599
Current assets 346,108 518,767 859,491 1,724,366
Uabifihes (52,409) (52,409)
354,993 610,787 050,491 1,733,2S1
2019 Unresldcted Funds
General Designated Restricted Total
Funds Funds Funds 2019
f 0 8
Tangible fixed assets 23,656 23,656
Inveslmenls fixed assets 13,687 13,687
Current assets 402,710 485,333 562,637 1,450,680
Uabifities (110,287) (110,287)
329,766 48S,333 662,637 1,377,738