## ## |||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| ## ## |||5|s
5|s s|||855|855|5| |---|---|---|---|---|---|---|---|---|---| |||||||Ij-|||| |||8-|||||||| ||||||||||s| |||||55|'5||||| |||||55|||||!l 5.| |||J-s|||||||| |||||55''|||||| |55555s555-ss|||||||||| |||||||jj|-|c|| ||9=555|||s 5|5|j|555558
555 „-5||| ## ## ||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| ## ## ## ## ##