2021-12-31-accounts

Treasurer to Redcliffe Gardens	Trust	Mr Leo Fraser-Mackenzie	Mr Leo Fraser-Mackenzie
Independent Financial Examiner	and reporting	Mr John Graham
accountant to Redcliffe Gardens	Trust
Bankers		Barclays Bank, Kensington		and
		Chelsea Group
Inspecting Architect		Mr Russell Hanslip of HMDW
		Architects Ltd
Insurers		Ecclesiastical Insurance	Group
Payroll Facilities		RSM Employer Services
		Limited
Planned Giving Secretary		Mr Philip Bedford-Smith
Risk OHicer		Mr Edward Quinton

	Note	Note	Unrestricted	Restricted	Endowment	Total funds	Total funds
			Funds	Funds	funds	2021	2020
							F.
INCOME AND ENDOWMENTS
Voluntary income	2a		109,050	78,771		187,821	144,143
Activities for generating funds	2b		984	13,114		14,098	301
Income from investments	2c		30,623		3,993	34,616	35,045
Church activities	2d		80,366	3,375		83,741	42,967
Other incoming resources	2e		5,566	5,452		11,018	8,584
TOTAL INCOME			226 589	100712	3993	331294	231 040
EXPENDITURE
Church activities	3a		199,940	35,963		235,903	203,985
Raising funds	3b		1,851	2,539		4,390	116
Governance costs	3c		451			451	425
Other resources expended	3d		4,730	4,560		9,290	1,235
TOTAL EXPENDITURE			206972	43 062		250034	205 761
NET INCOME / (EXPENDITURE)			19,617	57,650	3,993	81,260	25,279
BEFORE INVESTMENT GAINS
TRANSFER FROM	I	Ib		957	(957)
ENDOWMENT TO
RESTRICTED FUNDS
NET TRANSFERS BETWEEN	I	I a
RESTRICTED AND
UNRESTRICTED FUNDS
NET GAINS/(LOSSES) ON					28,579	28,579	12,854
INVESTMENTS
NET MOVEMENT IN FUNDS			19,617	58,607	31,615	109,839	38,133
BALANCES B/FWD AT			91,241	83,056	577,532	751,829	713,696
I JANUARY 2021 (2020) BALANCES C/FWD AT				~l	~91 7	Q36L6H	~2
31 DECEMBER 2021 (2020)

			Note	2021	2020
				6	6
FIXEDASSETS
Tangible fixed assets - other
CURRENT ASSETS
Debtors				13,464	11,153
RGT CBF Investment account	held by	custodian		113,511	99,305
St Peter's Cranley Gardens CBF Investment				37,515	32,820
account held by custodian
Louisa Wilson Legacy CBF Investment		account		77,327	67,649
held by custodian
Cash at bank and in hand:
RGT - deposit fund held by custodian				208,973	208,864
St Peter's - deposit fund held	by custodian			5,282	5,282
RGT CBF Deposit account				90,392	90,346
PCC's CBF Deposit account				118,858	118,796
RGT general account				76,147	73,266
PCC's general account				160,481	64,954
				901,950	772,435
LIABILITIES:AMOUNTS	FALLING DUE		8	40,282	20,606
WITHIN ONE YEAR
NET CURRENT ASSETS				861,668	751,829
NET ASSETS
FUNDS			10,11,12
Revaluation reserve - investments				103,955	75,376
Restricted				141,663	83,056
Unrestricted				110,858	91,241
Endowment				505,192	502,156

2 INCOME	AND E		NDOWME	NTS
								Total	Funds
				Unrestricted		Restricted	Endowment	2021	2020
					Funds	Funds	funds
						E	E	E
2(a) Voluntary income
Planned giving:
Gift Aid donations					67,892			67,892	85,989
Donation from The Bacon Foundation						50,000		50,000
Donations for music scholars		and recitals				2,790		2,790	1,740
Donation for Fabric Fund						10,000		10,000	10,100
Donations for Garden Project						750		750	333
Donations for garden	benches					500		500
Tax recoverable					19,775	5,875		25,650	24,088
Collection (open plate)	at all services				6,240			6,240	5,603
Collections through Goodbox					6,457			6,457	3,469
Collection boxes in church					1,271			1,271	1,473
Sundry donations					6,915			6,915	5,673
Donations, appeals etc						8,856		8,856	5,675
Legacies					500			500
				E	I09050	E78771	ENIL	E187821	lE 144 143
				Unrestdcted		Restricted	Endowment	2021	2020
					Funds	Funds	funds
						E	E	E	E
2(b) Activities for generating			funds
Autumn Fair						13,114		13,114
Parish lunches									132
Sale of Christmas cards	and postcards				984			984	169
					E984	E I3 114	ENIL	E14098	f301

									Total	funds
					Unrestricted	Restricted	Endowment		2021	2020
					Funds	Funds	funds
					E	E	E		E	E
2(c) Income from investments
Bank and deposit interest					94		156		250	1,767
Dividends							2,880		2,880	2,781
Income from St Peter's	Trust						957		957	949
Mast income					30,529			30,529		29,548
					E30623	ENIL	E3 993	E34616		E35045
2(d) Income from church activities
Fees for weddings and	funerals				3,303				3,303	2,117
Fees —payable to London			Diocesan	Fund		3,375			3,375	1,456
Church hire					9,915				9,915	3,'105
Church hall letting:
Paint Pots					52,439			52,439		27,031
AA and NA meetings					5,921				5,921	2,295
Other hall bookings	and		car parking		8,485				8,485	6,410
Church flowers					170				170	175
Coffee income					133				133	78
					EBO366	E3 375	fNIL	E83 741		E42967
2(e) Other incoming		resources
Recovery ofVAT					1,194	760			1,954	1,373
Recovery ofexpenses					2,565	2,292			4,857	2,108
Recovery of floodlighting		costs			1,807				1,807	1,088
Recovery through Furlough			Scheme							2,115
Recovery of Deanery costs						2,400			2,400	1,900
					ES 566	ES452	ENIL	E I	I 018	EB584
TOTAL INCOME					E226 589	EIOO 712	E3993	E331 294		E231 O'IO

3 EXPENDITURE	3 EXPENDITURE	3 EXPENDITURE	3 EXPENDITURE							Total	Funds
							Unrestricted	Restricted	Endowment	2021	2020
							Funds	Funds	funds
								6		6
3(a) Church activities
Missionary and charitable				giving:
Home missions and other					Church Societies
Bishop of London's	Lent			Appeal				200		200	200
Other charitable donations:
The RAHAB pro)ect								4,319		4,319	1,681
USPG								4,319		4,319	1,681
Housing Justice								1,440		1,440	561
The GoGo Trust								1,440		1,440	561
Fearless								1,440		1,440	561
Less: amounts brought			forward			from 2020					(2,164)
Compassion UK								1,607		1,607	557
St Cuthbert with St	Matthias										802
C of E Primary School
Glass Door								1,035		1,035
Other								3 631		3631	I 177
								19431		19431	5617
Ministry:
Diocesan parish share							90,000			90,000	90,000
Clergy expenses							57			57	216
Vicarage expenses							1,050			1,050	1,637
Clergy cover							200			200
Fees paid to London		Diocesan				Fund		3,375		3,375	1,456
Sanctuary							802			802	338
Church - insurance							8,605			8,605	8,884
Church - running expenses					(light, heat,		7,710			7,710	6,379
cleaning)
Church maintenance							5,214			5,214	4,947
Garden maintenance								3,968		3,968	2,616
New vestry boiler											2,774
Sunday school and youth				group expenses				750		750
Second Half Club							69			69	58
Church music							15,066	837		15,903	12,501
Church music —music		scholars					1,245	1,290		2,535	2,510
Church music - recitals								1,500		1,500
Church music —fees	recovered for services							2,412		2,412	805
Verger's salary and costs							16,881			16,881	16,618
Administration:
Parish Manager							28,950	2,400		31,350	24,239
Printing and stationery							1,622			1,622	1,356
Other costs							6,062			6,062	4,934
Church Hall - water rates					and council tax		2,394			2,394	1,859
Church Hall - running		expenses				(light, heat,	12,717			12,717	10,003
cleaning)
Church Hall maintenance							1,296			1,296	4,238
							6199940	f35963	ANIL	6235 903	E203985

									Total	funds
						Unrestricted	Restri«ted	Endowment	2021		2020
						Funds	Funds	funds
						E	E	E			E
3(b) Generation	ofvoluntary				income
Expenditure on Autumn				Fair			2,539		2,539
Expenditure on Christmas				cards		1,309
Goodbox charges						415			415		116
Expenditure on flowers						127			127
						E I 851	E2 539	ENIL	E4 390		E I I6
3(c) Governance		Costs
Independent examiner's			remuneration			E451	ENIL	ENIL	6451		E425
3(d) Other resources			expended
Legal and professional		charges:
Consultancy regarding			heating		system		4,560		4,560
Inspection of spire		and	balustrade			3,550			3,550
Other						1,180			1,180		1,235
						E4 730	E4 560	ENIL	E9290	E	I 235
TOTAL EXPENDITURE						6206972	E43 062	ENIL	E250034	E205 761
4 STAFF COSTS
								2021		2020
								E			E
Wages and salaries							45,450			44,071
Social security costs								3,670		3,081
Pension costs								2,550		1,938
							ES	I 670		E49090
Less: PAVE credit							3 670			3081
							E48,000			E46,009

	Parish	Hall, kitchen	Piano	Computers	Computers	Telephone	Total
	offices	and hall flat				&security
		refurbishment				systems
						E
GROSS BOOKVALUE
At I January 2021	32,681	46,392	8,600	2,5	18	4,485	94,676
Additions
Disposals
At 31 December 2021	32681	46 392	8600	2518		4485	94676
DEPRECIATION
At I January 2021	32,681	46,392	8,600	2,518		4,485	94,676
Disposals
Charge for the year
At 31 December 2021	32681	46 392	8600	2518		4485	94676
NET BOOK VALUE
At 31 December 2021	E NIL	ENIL	ENIL	ENIL		E NIL	ENIL
At 31 December 2020	E NIL	ENIL	ENIL	ENIL		E NIL	ENIL

6	D	EBTORS
					2021		2020
					E		E
Bank and deposit interest			due
Prepayments		and accrued	income		13,464		11,153
					EI3464		EII 153
7	INVESTMENTS
				Redcliffe	St Peter' s	Louisa Wilson	Total
				Gardens	Cranley	Legacy	investments
				Trust	Gardens
					Trust
					E
Market	value	at I January	2021	99,305	32,820	67,649	199,774
Net gains I (losses)				14,206	4,695	9,678	28,579
Market	value	at 31 December 2021		EII3511	E37515	E77327	E228353

	WITH	IN ONE YEAR
			2021	2020
				E
Deferred	income		20,226	8,090
Accruals	of utility	and other costs	95	105
Creditors	for goods and services:
Goods	and services		1,581	4,660
Charitable	donations		15,531	5,846
Other creditors			2,849	1,905
			E40282	E20606

10 FUND D	ETAILS
		2021	2020
			E
General Fund (unrestricted)		110,858	91,241
The Bacon Foundation	Fund	50,000
Associate Vicar's Stipend Fund		31,750	32,500
Fabric Fund		58,161	49,461
Garden Regeneration	Fund	1,752	1,095
St Mary's Redcliffe Gardens Trust		419,513	416,476
St Peter's Cranley Gardens Trust		31,545	31,545
Louisa Wilson Legacy		54,134	54,134
Revaluation Reserve -	investments	103,955	75,377
		E861 668	E751 829

				Unrestricted	The	Bacon	Associate	Associate	Fabric Fund	Garden	'Total
				Funds	Foundation		Vicar's	Stipend		Regeneration	(Restricted and
					Fund		Fund			Fund	Unrestricted)
					E					E	E
Balance	at	I January	2021	91,241				32,500	49,461	1,095	174,297
incoming	resources			226,589		50,000			13,260	4,625	294,474
Resources	expended			(206,972)				(750)	(4,560)	(3,968)	(2 I6,250)
Investment	gams
Balance	at	31 December		110858		50000		f3l 750	E58 161	EI 752	E252 521
2021

(b) Unrestricted,	(b) Unrestricted,	(b) Unrestricted,	restricted	and endowment	and endowment	funds
			Unrestricted		Restricted		Restricted	St Mary' s	St Peter' s	Louisa	Total
				Funds	income		funds	Redclilfe	Cranley	Wilson	Funds
						and	(analysed	Gardens	Gardens	Legacy
					expenses		above)	Trust	Trust
						E	E		E
Balance at		I January 2021		91,241			83,056	471,781	38,102	67,649	751,829
Incoming	resources			226,589	32,827		67,885	3,036	957		331,294
Resources		expended		(206,972)	(33,784)		(9,278)				(250,034)
Investment		gains I (losses)						14,206	4,695	9,678	28,579
Transfer of St Peter' s						957			(957)
income
Balance at		31 December		110858		ENIL	E'141 663	E489023	E42797	E77327	E'861 668
2021

I2	SUMMARY OF ASSETS BYFUND	SUMMARY OF ASSETS BYFUND
		Unrestricted	Restricted	Endowment	Total	Funds
		Funds	Funds		2021	2020
		E	E		E	f.
Fixed assets
Current	assets	134,869	157,934	609,147	901,950	772,435
Current	liabilities	(24,011)	(16,271)		(40,282)	(20,606)
		EIIO 858	EI41 663	f609 147	6861 668	E751 829