THE PARISH OF CIIELSE.4: ST LUKE'S &. CHRIST CHURCH TRiI.STEES' REPORT AND FINI .4liCIAL STATEIIEINTS FOR THE YEAR ENDED 31 DECE)IBER 2020 (Registered Charili" f40. 1133092)
THE PIIRISFI OF CHELSEA: ST LUlkE'S &. CIIRIST CHURCH FOR THE YEèlR ENDED 31 DECEIllBER 21120 COINTEN rs Page Legal L2nd adiiiinistralii'c infornution Trustec5' fLPOrt Indeptndenl audilOI'S report Si<iiemeni or rinancial actii'ilies 12 Bali1nLe sheei Cash Floi¥' Siaiimeni 14 Notes 10 the a¢coiLnis
THE PARI.SH OF CHELSF.tl: ST I.UIKE'S &- CHRIST CIIURCII LEG.4L.4ND AD)IIJISTRATII'E DET.4ILS TRUSTEES The Revcrlnd PrL.Ix'ndary Dr BrLAn Leaihard ThL Rii'vf¥Jid Sail) Holc The Rcv¥f¢Jid Jolin Ruskll {Rcsigned April 20701 The Rei'crLnd San)ucl R)'lands {apIled ? ScptiinbKr 20?0) Alc¥andLr IlaThbury EIizL2biih BrUS Andrcii. CamLron Charles Com Rachael Dtake John Ell1 rd Nicola Ellard Kate Elivcll Jamie Gibbs Brenda Hagert%' (appoinkd 2 SeptLnib¢r 2020) Simon Hills (Resigned IllJr¢h 20?01 Richard Jordan Eli7.abeih Nl'aison-sieele Tim iMcKean Aidus Mcveigh HelLn Moig41ll Ediiards IRe>ign¢d September 2020) JacqiiLline Possden (appoinicd 2 Scptenibcr 2020) Isabel Sinagola lappoiniid 2 ScptLtnbcr 2020) 'icholas Smith Aiholl Taylor-Hiidson Flcur dc Villiers CHAIIITI, NV)I IBER 1133092 AUDI'I"()RS Hay>ma¢inivrL' LLP 10 Qucin Sir¥¥i Placc London EC4R IAG
T&IE PARISFI OF CHELSE.4: ST LUt%E'S &- CHRIST CIIURCII
TIIIISTEES, IIEPORT
FOR THE YEAR EkNDED 31 DECE,IIBER 2020
Ileclor's Ileport to the èlnniial Parochial Church li leeliRg 2021
Ei'ery siiri'c>' of lh¢ past yeai has poinied oiii holi- this has IKTn a }'car lik¢ no other. Indeed so. On ihe oiher hand, it has
Iso biLn, in tlii lifi of our parish. a yeai like eycry othcr. ThLSC tii-o conirasling truths ale ivhai has inade ihis pas¢ year
SIILli a difticiilt onl to r¢i'ieii'. bui also Silch an inwortant onc to acknoivllg¢.
Firstly IhLJJ, )'Lai lik¥ no other. As li beL'41nie clear thal Ihe pandcniic ivas spreading ii-iih hiige speed il Il-as obiiious th£Trl
I sliould rLtiirn a tnonili carl). froni sabbJii¥al. I: olcourse, h1d ei"etS' trust tliat Fi Sam and Ilie Parish OffJcL tcatii could
Copi Ii'jili ci'Lrythitio n¥i¥ssary in ilityir criatii'e and caring ii"ay. Bul for mc, it felt ju51 Ni"rong noi to bL among thv p¢opIc
ii'liosc 'ciirL of soiils, I lJold_ Iviih Lockdoii'n l imniincni, li-e niade pliins to sla). in coniaLI Iviih ihc vuln¢rabl¢. isolatcd
atid IoiiLly. Il'l cotiijniitid Oiirs¥l.QS 10 plioning all on oui elecioral roll for 'hol M'e had concerns. This r¥siiliid iti thc
atiiazingl}' ii'¥ll rLe¢iv¢d outr¢ach programme eaLh ii'eek. Iviih Julie and Tra. delii'erirtg up 10 75 meals each Tiiesday.
Eqiii?Ily, at this IimL ihc Ho1C of Bishops d¥cidid iljthi all public il'orship miisi cease in our parisli chur¢hcs. Many of oiii
congrcgations took exception to thL fact that tli¢ ¢l¢rg)' IveN' alsts piohibiied fioni saying dail). praJ'¢rs ill oiir cliurchcs,
ei'cii if ii'L Ii'crc alollc. Thcri cllsuLd for nian). in ihc Church of Entsl#nd a sense ih&i li'e had JKrliaps i'acatcd tlic i'cry spot
Ii'c IiCidLd to OCCLlPy- lie had ILfi uno¢¢upi
THE PARISH OF CEIELSE2I: ST LU]kE'S &- CIIRIST CHipRCII
I'IILISTEE.S' IIF.POIIT
FOR THE I'EAII EIN'DF.D 31 DF.CF.I)IBF.R 2020
'.Icon has brought nLiY slrLngilis, particlllarl). in youih ii'ork and an abililj 10 bring Chclsea F¢)otball Club into niucl) of
his ptL<lihin¥.
Noii. i%'L <llL' f14 cirhg thL rL-opcning of oiir lifc amidsi lh¥ Stunning blossom of tliis sprin4. It f¢cls almost as if the natural
I'OTld]11 S ti1kLll OLir loss to hcart and produccd a ti)ori abundani biirg¥oning ol colour and hop¥ tliati ci'cr bcfore. Ivorship,
i'liiih neiL"1 5toppcd in its dail)- and iicckl). rli}'thni, is back. physiL811)', bopl1sn and lalag¥s ar¢ pourijig in.
IITe aiL in ¥ood hLL2rt in ihis comii)ILIILt)', i-la thL loi'c of God eKpr
I'IIE PARISII UTr CIIELSE.4:.ST LUkE'S &. CHRIST CHURCH
I'RLIS'I'LLS, RLPORI. (continued)
Tr'()R I'IIE I'EAR LLNDED 31 DECEIIBER 2020
Financiil rei'ieii.
Total incoinL Wils £638,503 12(Tr19." £917,200) of ivhich £6?9.770 (2019.. £896.5i3) Il-as iinreslri¢ted. Total rcLClPts
dLcrL'£lSLd by .10¢,
(in¢reasLd b5. 16°,
in 2019). Reslricled inconic of £8.733 {2019". 1?0:6471 ri12L lid lo SPCCli21
Lolliciion £ind ini'esitnent inctsnie. The Ct)"pt officcs. chiirch Ycsliie5 and paik"itLg Sp1cc5 on the forccourt of St LLikc's
Loniiniic to bL IL[ and proi'idi the PCC wilh iolal other income of £168, {?019.. £2.13,699).
Thc Pc11ish's m1ijor rccurrino expeTkse 15 ils conliibiilion of £186:IMIO (2019.. £180.000). to ihc Common Fii2id, ii'hicli
1% IiionL)' givcn b}. ¢i'cry PLirisli io pioi'idL cind siippoil Lleigy. nd to fiittlicr tlie Londoii Dioccsc's ivork in cvcry
parish.
Aliliough ilic t)iajority of our Common Fund coniribuiion tLiiirlls io the PCC as clergy siip¢nds aJ)d oihcr siipport, S
a ivcaltlii¢r parisli iv¢ pay abolit 31)OJU n)orL lhlrt oiir 'Parish si4indard C05t' Itk doin(T so our ¢hurchcs in Chclsea lielp
gtl)if Pil rishLS that Lirc ILSS ablL to m¥XI Ih¢ir Coiniiion Fund cosis coniinuc ro SPf¥ad Ili¢ Good N'eivs.
The Coi'id Pandiniic posed 2L risk to our income_ In ordlr io mitigate this: Ihe PCC rck'i¢iv¢d and rediiced oiii spendrng.
IVL L?Iso appLi21id to P4?rishionLrs lo maintain or enlianci gii'ing ii'hifil'er possibl¥. The oi'crall oiilLome -is less diliiiagying
to our r¢ri,eS than initiall). fead_
Tl)L balances on rt51ricted filnds. and an ¢xplanation of th¢ purposes of each fund, is shoii-n in the notes io the
FinL?ncial Stateinents.
Ileseri'es polici-
It is th¢ PCC'S pollcy to Inaintain a balanLe on unresiri¢iLxI funds ii'hich tx]uaies io si.K nionths of iinreslTlCted expendittiTe.
It l5 licld to smooth OiLI tluctuiilions in casli tIoii', 10 Coi'if IllLgnaeimilll and &dn)inisiralion and lo rcspon(I to an). n)
I'HL PARISII OF CHELSEA: ST LLKE'S &. CIIRIST CHLRCII
I'IIIISI'EES, kEPVRT {¢ontinueil}
Fult I'llE I'EAR EIN DED JI DECE)I IBER 21120
The principal risks thnd uncerlainties idenlRfied bi. the chariti. are as folloii's:
Action taken to mitigate the risk
identified
FirL dam£2ge ¢0 chiirches
Appiopiii2tc lei'¢ls of in>iJran¢c coi'er to ribuild afteT
daniage. Fall-birf ck plans 10 us¢ illl h1£ Ils or rLnl c2notlici
biiildints while ii'ork is iakiiig placc $0 that church
SL'li'ices can continiic.
Hall Iru5tecs hai'c incricised insurance Covir for loss of
InCOJlle Ovir a SiLStained period due io firL or building
damilge.
A saf¥guarding policy adopted b), the PCC and
rci'ieil'cd annyall), is displa}'£d in both Pa1151) ¢liiiTcIIcs.
Tivo safcguarding offiieis hai'e beetl 1ppOIntl for Ilic
Parisli, Ivkth appropriate irainirtg proi'ided by a Ihird-
art
rovidlr.
Sliield peisonal alarms ari supplicd to all sl4?ff. A lock
up proLediiie has bcln adopLid kn the Parisl) office t
ensure ihe building is sccurcd and alaTJiicd ivhen
unoccupild.
Moiion-seTrsor safLiI Ij
his ljavc bL¢ti insl2L IILd.
A polici. has bckn lidoplcd to SLLiirc Ciish dunations
afiLr scri'i¢csfcoticcns. Coiinieis al-ay5 clct in Pi¢ irs,
Supiri'isc ¢acli otlici in vai5'inu combinations and
rLcord aiid sten for the total to bc banked.
Compiiilr sofiwarc is updatcd rcgularli.. All sllL ff TL
trained ¢0 dL411 with pliisliing aiid siniilar seaiiis. GDPR
and l¢ll0$ ILquir¥d iii Lh¢ ¢i'cJii of a br¥?I cli 2L fL L
st41ndin(r itciii foi fi n)CtyThiin
sairn.
Cost control and foni"2L rd Ci15h floii planiiiiig,. pioi'iding
ncii. ai'¢niics of cotigregalional gii'iiig., oiilinc 5CII-IL¥S'
broad¥ning rangc of contacts ivith paiishioners.
SciirL dic 11)Ilge to ha115 tliat rcndirs tlieni uniisablc and
ILads lo loss of incoine
Safigui2rding con¢¢rns
Biirg14?ry and forcLd entry.- slcift-perwnal safely
CouJ)ting and banking of cash
CybLr risk inLliidinv loss of daia, hackinu
Ihefi of flind5
Lontinu2L iicc of ilie Coi'id-19 pgndemiL
Ini'estment Polici. and Objectii'es
l-lic llll'LStiiient Str2( Icg%' is S¥t by illi Twsi¢¥S. CiirrLtiil}', it 1> Ihv polic). of Ihi TwitLLS lo inicsi tlie bulk of cash oil dLPOSiI
ii-ith Ilie CIIF Chilrcli of Eiigl2L lld tk"posit Fiind and CAF E3ank. SniallLr balLgtkCCi L1re held otl dcp051t ii-iili Xi T7 ill'Lsi H£Trnk
PIL li nd Lloi-ds Bank Plc. RcslrictLd 5-.und Ini'LslmLiIts ari mainly Iiild in UniiaJ)d Ini-eslmenl Tnis15 rnaiiaucd ¥iiliLr by iliL
CIIF Chiirch of En8liL nd, or b}- professional fund nianagers a5 pemiitted by the releiant Acts and the Charity CoiMn)ission
guideliiics.
TIIC oi'Lnll objictii-e of tlic fiind nagifs Is to intli in approprialL leiel of ti5k iilii1s¢ reiainin¢J tlie IL
TFIE PARI.SH OF CHELSE,I: ST LL'KE'S &. CIIRIST CHURCH
I'IIUS'I'EES, IIEPOIIT l¢oiitinue(l)
FOR I'IIE I'LAR ENDED 31 DECEIIBER 2020
Futiire Plans
Thi PCC Loll¢iniies to ILTruiilail>- Ici'iLlI' all aspLCts of its ivork and engagi willi ilic local comjnunity. Tlic TrusteLS
Ivill be looking 1¢ i some key aieas oi'er the next 12 rnonths=
i akinu the n1051 of OpertionlI f2L cililics and in¢riasing income
'LILominu neivcomers cncouri2giiig othcrs io i'isii and aiicnd scrn'iecs
Rci'icii'ing fL(l i0nsidciLn oul ran£c of 1lclii.iliiS Ivlth a i"i¢ii' 10 Cxlinding aiid improi" jn(F the PCC'5 work
in the local con)munitJ'
Fundraising
Thc PCC docs not solicit fiinds i'ia phone. email. dlreci tnail or by using third party conimercial fundraisers and docs noi
fiindrais¢ via a g¥ncr2L I call lor support. Funds rl instead ni5Ld i'la tlic congiigalions a[ cicnls hcld ai IhL Lliuiche5 71)d
halls.'l-lii ChLViry is conitniiiLxl io btying aLcouniablc and responsible and if ils ndraISIng approaLh changLs in Ihc fiLturL,
tlie Charity ii'tll K'gLSter ii'ith ihL UK fundr41ising regiil¢110r.
The Chi?riiy did not receii'e an). complaints alK>Ui fundraising actii-ity during &020.
S'I'AI'ENIENI. OF TRUSTEES. IIESPONSIBILITIES
Thc TriistC¢S IL rc rcsponsiblL for priparing Ihc TrLisiees' Report and tlic accounts in accordance with applicable lic Il.
and Unit¢d Kingdom Accounting Siand,iids (United Kingdom Gcncrally Accepted Accounling PraciiLe).
The W ppliC1b1c io ch£2ritiLs in England & Il'ales requires ihe Tnistecs lo piepare accounis for each finc1nLicil year
vl)ich gii'c 2L triiL and fair Vilil, of ihe s¢aie of affairs of Ihe chariiy 14 nd of Ilic inconiing resourLes and appliLation of
r¥sL)urces of ili¢ charity for ih¢ii year. In preparing ihese accounts. the Trustces are required to:
S¢lL¥t suit£2blL aiLoun¢ing policies and ihen appl>" thetn consistcnily,.
Obscri'e tli¢ mciliods and principles in ihe ChaiiliLS SORP-
Stc21L ivhcihcr £2ppIiLablL L'lk ALiO(Iniing siandaids h]Ve bttn folloiied. subjeci io any maierial depar¢iires
disclos¥d and cxplainLd tn lh¥ fjnancial siaien)ents"
Mic k¢ jiidgcinLntS (2nd esiimai¢s ihai are reasonable and pnident-
Pr¢parL Ili¥ a¢coiint> on ihi going concern b1¢ sis unless it is in1PPrOprIate to presume thai ihe chariiy will
continue in bllsinlss.
Tlic Trustccs arc rLsponsibl¢ for k¢¢ping propcr accouniing records thai disclose iviih rLasonabl¢ acciir£iC}' t any
tinic Ilie financilL I posilioti of ili¢ cliarily £ind Lnable ihcni to ensure thai the l¢loun(S comply u'itlj tliL CliaritiLs Aci
201 I, tliL ppIic?L ble Chcirii), {A¢¢ounts and RLportsl RLgul&iions and ilie prvi'isions ofiliL Irusi dcLd. Tlicv arL also
rcsponsiblc for S2L fcguc?rding ihL assLiS of th¢ ¢harit}' and henc¥ for taking reasonable SILPS for tIJc PTCVLniion and
dLtLLtion of fr
INDEPELNDEINI. ALDII"ORS REPURT TO THE TRLISTEES OF"
THF PtlRISII OF CIIELSL.4: S-I. LL'KE'S &. CHRIST CHURCII
FI)R TEIE YE,IR EINDED 31 DECEIllBER 2020
Inilependeijt au(litor's report to the trustees tsf The Parish Church of Chelsea: St Luke'5 &- Christ Church
Oijinion
ITL li&lVL aiidilLd thi finan¢ii?I siatlnivnis of The Parochi411 Church Couiicil of St Luke s and Chil51 Chiiicl) Che15L41 for Ilic
Ell-endLd 31 fk"LL1ii.r 20?0 ii'hich comprise Ihe Siaienienl of Financial Actii"itlC5. thL IlalancL Sheet, the C<1sh Floiv
$1<llLlliciII c?lld noiLS tLI IhL Iinanci1£ I sitll
IINDEPENDEN'I'.4UDITOR4 REPORT TO THE TRIISTEES OF TIIE PARISII OF CIIELSEA: ST LUKE'S &- CHRIST CHURCII FOR TRIE YEAR EN'DED 31 DECEIIBER 2020 latters on iihich Is'e are required to report bi. eTception Ille Iiai'e n()Iliing [() report in respeci of Ihc lolloii jnts niatlers in rilation to -hICh the Charilies (A¢Lounis and Reports} RigiilL2tiotis 2008 riqiiirc io ripoil 10 )'oii if. in our opiTritsn-. dLqIIg11 ¢2¢Louniing reLords hai"e not kept by ihc charity- or sufticienl accoilnling rLcords liai'¢ not bccn k¢pi', or IhL rity fin?£ ncial st2L tLinLnis arl. noi in agriimcni ivith the accounling iecotds and rctums. or il'l hic 1¢ not receii'ed all the infortnalion and e.Kplanations i%'c rcquirc for our audit. Respoii$ibilities of trustees for Ihe financial st#ttment5 As Lxpl&incd J)iorL ftilly in the IlllSlLLS' fLsponsibilitlLS sthiemenl set out on page 8, the irusiLYs Jre rLsponsiblL for ilic prepar£iiion of lh¢ finL2nLial siaicments and for b¥ing Sjiisficd that Ihey gil'¢ a ITUC and lair i'icii., and for sii¢h intimal control as tlii trust¥¢S delKnnine is nc¢essary io enable ihe preparaiion of fEnan¢ial staremenis ihai arc fr¥'e from material iiiisslatcmcnt, Ivli¥ili¥r dil¢ to fraud or eTtor. In pr¥paring the fJn2L ncial sl£2tLmcnts, th¥ twstces ar¢ responsible for assessithg ihe chariTh s ability to contiiiu¢ as a going on¢¥rn, disclosing, as L2ppli¢ablc, matlirs rilaiid io qoin? conLYrn and using Ihe going conccrn bLg5iS of accouiilinq iinlc5S thc truslc¢s ¢iiher intend to liqiiidaL¢ the ch£iriry or to Cease operaiions. or hai'e no realisiic altcrnatii¢ but to do so. Auditor's responsibilities for the audit <bfth¢ finaii¢ial statements Oiir objectiies are lo obli4 in ret?sonablL assiirancL about ivhcili¢r Ih¢ financial stalem¢nts as a ii"holL arc freL" froii) miqle11471 issIIL ILment, iiheiher due to fraiid or crror. and io issuc an alldiior's rcpon Ih81 in¢llld¥S our opinion. Rcasonablc assurance is lii?li ILI'LI of assiir?L nce, bill is not a guarL?nlLi that an audit conduii¢d in a¢¢ordance M'ith ISAS (UK) Ivill al.2 ys detect a mcltirial mis5t?L leniLnl ivhcn il Lxisls. hIissiatilllLllts cat) aris¢ from fiaud or error and arL considered mL?tcrial if, ijidii'iduillly or in the ?L ggrLgL2tc, th¢y could r¥asonabl!' bi cxpc¢tKd io inniienci IhL eLonoi)iic dicisions of users lakcji on tli¢ basis of these fjnancial stalcmcnls. IrrcgularitlC5, inclLiding fr1< ud, are inslaneis of non-compliancL ii'iih laii's and rigiilaiions. Ive dL5ign piocedLircs iii line ii'iih oiir responsibilitlcs, Olltlinid aboi'l, to deicct maiLrial Jnisslailnicnts in riSPLYt of irrigulLlriiics, including frL2ud. Tlic cxtLllt to ii'liich our procediiris arL Pcibli of ditLLtino iThgulariii¢i. including fraud is diiailLd bLI0-. 112L scd on oiir iinderstanding of thi charl. and ihL cni'ironmLnl in ii'hich ir operates. li'¢ idititified that the principal risks of non-compli?L llcc Il'ith ILIII-5 lind rcgiLlatioJis rclatid lo cliaril}' la. and rvgulgtion. and li-e considLrcd the cxtciit lo ivliicli noii-coiiipliiliice nii(yht h71'L a matirial cftcit on tlii financaal siali1llijll. Il'l also considilkd Iliose laivs and Tegull< lions tliilt a diiccl inipact on the prLparation of ihi fiEJancial staiiiiients su¢li a>Cliariti¢s Act 2011 )d con5idcrothLI faclois 511ch Telcvant taxes. Ive ei'alii&ied manic gemeni's inctntivesand opportunities for (taudulcnt nianiplllalionof the fitLan¢ial siaiements {inLluding Ili¢ risk of oi'erridl of Lonltols), and dLlctmitkcd Ilial the ptincipal risk5 11-erc Tclalid to nnal aecouniints joutnals. Aiidii ploLLLIrus p-r1omiL b}. the en¥a¥emcnl Icani hncliidLd= Inspccting Lotrespondcncc iviih rL?iilalors Ill i aiLihorLljiS,' Disciissions ii'iili n)anagcnicni inlluding considiration of ktioivn or SU4K¢iLd instanccs of J)on-coJnpliaJice ivith Il's ajid ri4Lilation and Iraiid. Ei'1£ lili£ ling Iiian£Trgcinent"s controls d¥sitsnixI 10 prL'I'ini and delect itregulaii¢ies- IdLrttif)'ing and ILs¢in¢J joiimthls. Itl P71cula[ iiniisiial iien15- 7nd C.liallenging thS51Lmptions and judge¥nen15 made by tnanagenient in their critical accoitnling esiimaies. A lurthei dtstrhplion ofolir responsibilities foi the audit of the financial staienients is located on the Financial Rcporiing Coiincil's ii'tbsiie at". www.frc.or .uklaudilor5re% onsibililies. This desciiplion fonns part of OLlI aiiditOT'S report. Use ol our report io
IINDEPLNDENT AUDITORS REPORT TO TIIL TRLTSTEES OF 'I'IIE PAIIISH I)F CHF.I.SF.A: ST LLIKE'S &- CIIRISI. ClliillCH FOR'fiiE YEAR ENI DED 31 DECEII IBER 21120 This Tipofr is solely to the charity's trustLcs, as a by. in accotdance ii.iih k'Liion 144 of thc Lliariiics Act 2011 and rLgii11¢ tions m<ldc Lindcr sLclion l i4 of Iliai Act. Our audit ivork ha5 been iindLriak¥ll $0 Il'¥ Iiiight siatc IL) thi eliarity's triisi¢Ls Iliosl niclllLrs ive tc rLqLiircd lo slate to thcni in an ALidiior's reporl for ijo oihcr purpo. To the fullc5t ¢xlL'iil pLriiiiit¢d by Ic1N'. Ive do not 1¢ CCLpI or as51Lme TLsponsibilii}' 10 anyone oiheT thai) thc chariti s IrLlStccs as a body foi our aiidii ivork, for Ihis report. or for the opinions ive have fomicd_ i¥a L(¢ H51711c1ntl'rC LLP St£2lutori' Au(liiors Date.. 10 Queen Streot Place London EC4R IAG 28 October 2021 Haysinacint)'rL LLP is ¢ligiblL to acl as gn audiior in iemis ofsection 1212 olihe Companies Aci 20
TFIE P.4RISH OF CEIELSEA- ST LL'KE'S &- CIIRISI. CklDRCH ST.4TElI IEINT OF FlIN.4NI Cl..11. ACTII-ITIES {Including Income and Eipenditure Ac¢ounti FOR THE I'EAR EJI DED 31 DECEIIBER 2020 Unrestricted Fiinils 2020 Restritted Funds 2020 Total Fund5 2020 Tot#1 2019 Ih'COllE: Doili¢ rions &. Legacics Aciii'itiis lor gLnLrating funds Ini'LSttllints Churcli A¢iii'iiiLs 460,879 168,M6 460.879 168.446 8.733 445 627,758 249,614 5.834 33,994 8,733 Total income 629,770 8,733 638,503 917.200 EXPEI'DITURE: Churcli Actii'itics 663,395 28.320 691,715 984,572 Total EKpenditiire 663.39.5 28,320 691,714 984,572 'el {eipendilure) before gains {33.6?5} 119.5871 15J,212} {67,372) Gain5 011 Illl"estment a55et5 43,246 43,246 37,191 Transfers betii'een funds 'et inoi'enient in fiinds (33,625} 23,6S9 {9.966} 130,1811 R¢coii¢ilig1ion of lunds: TL)ial fiinds bri)iiglit torii'ard 501.923 il 8.539 1,021).462 1,050,643 Total fuiid$ carried forii'ard 468 ?98 i42,198 I,Ql 0,496 1.020.462 All inconie and <xpendilure derii-e from continuing actii'tties. ThL Slciietn¥n¢ of firtcineiic l aclii"ilies includes all gains and 105ses recogniscd during the year. ThL notes patsLs 15 10 23 fottn part of Ihc financial 51atemenls.
TIIE PARISII OF CIIELSE,I- ST LUKE'S &- CHRISI- CHL.RCH BIlL.,INCE SFIEET IIS,IT 31 DECEIllBER 2020 2020 2019 FIXED ASSETS Fixcd Asscis Ini-csttllinls 472,348 428,844 TOTAL FIXED ASSETS 472,348 428,844 CURRELNT ASSETS DL'btois Cash ai bank and in hand 78.IfA 538.462 68,833 559,831 616.626 628,664 Liabililies- CreditOlb-. moiinis falling du¢ M'iihin one year {78.478) {37,046) 'ET CVRRENI T ASSETS
38.148 591,61R TOTIIL ASSETS LESS CURRELNT LIABII.ITIES 1,010,496 1.020.462 Rlsifiiied inLon)L fiinds UiirLSIIIciLd funds. GLneT411 DLsignaiid for restoration DLsigiiaied lor miisi¥ 542,198 518,539 238.298 30,000 200,000 271,923 30,000 200,aOO TOTAL CHARITI, FLTNL DS 1,010,496 1.020,462 ThL llotL on PL2Q¢S li to 23 fonn parl of thc financial sialcinents. The accoiints ii.crc approN'cd by Ihe TrusÈccs on 20?1 and ivete signed kloiv on its behalf b>.= Tlic Rci'cTcnd Prcbcndl4 ry Di B Leatlthtd Triislee Date.. 27 October 2021 13
TIIE P,IRISFI OF CIIELSE.4: ST LLEkE'S &. CFIRISI- CHURCH CASII FI.OII' STATEII IEIYT AS AT 31 DECEIllBER 2020 2020 2019 Cash fl0115 from operating actii'ities: Il'*i eosli {11sed iii) bj. operéitiiig 4ciii'iiies {29,844) 173,X741 Cash flojis from ini'e5ting actii'itie5: PLi[ih7sl of ini'LslinetLIS SIE le of inN-estnicnls Moi'einethl In Itil'Lsln)cnt cash Dividends and inttTe5t 180.1411 ,87.i23 {7,&101 S,733 (61.2161 167,032 22,199 5,834 P4el ca511 iiiflvJi'froNi iiib'esliiig aclii'ilies 8.475 133,849 Chthnge in cash an(1 cash equii'thlents in the i.ear eded JI December 2020 1?1.369} i9,97) sh and ca>h cquivalenis at Ihc beginning of Ihc year 559,S31 499,856 Cic sh and cash cquivJlLnis ai Ihc end of ihc ieporling period 53%.462 559.S31 Recoiiciliotion of net moi-tments in fiinds to ntt cash floii" from operatin% actiiities 2020 2019 et (expenditure} for the l.ear 19$ per the st#lement of financial a¢tii'ities) {53,2121 {67.372} INet moi'enJ¢nt in fiinds for the l'ear las per the statement of financial Ctii'ities) AdjiisiiiiLnls tor: DLpfLClation rges InierLSI £2nd dii'idends Ilncr¥£?SL}'dLefc4?S¢ tn d¢biors 6,072 (i,8341 (8,7331 (9,331) 41,432 {27,2281 N¢1 cash loiitfloiy) frojn op¥raiing aclii'iiies {29,8441 {73,8741 Aiial)'si5 of ¢a$h and cash equii'alents 2020 2019 Cli sh held in ciirrent accoiints and short-tenn deposits 538,402 559,831 No stc11Lmeni of ch<inoes in net dcbt 14 nd bcen piesented as ihe charity h41S no botrollin and conkNiieiitly no net dc171. ThL noiLs on pagL 15 to 23 ftstm part of Ihc financial sthienients. 14
THE P2lRISH OF CHELSEtl: ST LL'KE'S &. CIIRIST CIILRCII ,NOTESTO THE klCCUbiNTS FOR TH I'EtrKR EINDED 31 DECE:IIBER 202 ACCOUNTIIN'C POLICIES The financial sta¢enienlS hxve been prepared on a going concern basis iindei the hisiorical cost coiii'ention. Thc finL?ncial st1t¢ments hai'e bLen prep14 red in accordnCe ii'itli IhL Cliaiilie5 Act I I togcihcr ii-itl) tlic 'SIqL lenicnt of Recommetlded Practice. for Charilies {SORP. second cdition). and thc applicable a¢¢oiLntiJig standTrrd IFRS102). The fin42ncial statcmeni$ include all IrRnsactions, L75se15 and liabilitLC5 for ivhich ihe Parochial Church Council (PCCI is responsiblL in laii.. ThL)' do no¢ incliide ThL accoiints of ¢huich groups Ihai owc tlicir a]llatIOn 10 another body or ihose H'hich arL informal gatherings of chiirch membets. Consoliilation The finlAlIlI siarcn)enis aggrLgarL the aciii'i¢ics for ihL PartKhial Chiirch Council as ii'cll as thc Christ Cliiiich DCC and St Luke's DCC as Iliey ar¥ considLrid Lo b¢ thi sainc cniiiy by Ih¥ dioc¢s¢. ThL tii'o halls {Hall of Rcmembrgncc and Si Luke's Hall) are how'cver not included in the consolidation as tlic mc1nagcnient and tnisiics of ili¢ Halls considLr iliise iivo as scparaic entiiie>. Legal adi'ice is being soiight io deiemiine if ihe halls ihcmseli'es should be broughr into the Parochial Church Council or r¢oist¢r Ih¢Jns¢li'¢s as 5¢parat¢ ¢ntiti¢s_ Going concerD ThL finLinLial st2L t¢Jii¢nts liai'¢ b¢¢n prcpar¥d on a going conc¢rtJ basis as th¢ l-rust¢e5 beliei'e tliat no n)atLrial Iinceri<2intiLs exist. Th¥ Triist¢¥i lJai'¢ consid¢r¢d lh¢ l¢i'cl of fvnd> hcld and th¢ ¢.Kpeclcd Ici'el of iTtCL)n)c and e.XPLndiiiirL for 12 nionths froiii auihorising ihLsc financial siai¥ni¢nis. Th¢ budgkicd iiicome aJ)d expcndi¢iirL is sufficient ii'itli the Ici'el of rcscrvcs lor thL charit) to be ablc to coniiThue as a going concern. Funds UnresirictLd flind5 ar¢ ai'ailablc fL)r us¢ at the disLfLtion of thL Trusic¢s in frtherace of the geneial objLLIIVCS of rhe cliarii}' and ivhich hL?N'l t)oi b¥en dLsignaiLd for oihcr purposcs. Rcstrictcd funds are fLinds ivhich arc to bc use in accordance ii'tth 5pecifJc restriction5 iTnposed by d(>nors or Ivhich liav¥ bL¥n raisLd b}. thcch2L rii). for pariiciilar purposcs. The costof raisillg L2nd administering suih funds are charg¥d ag49inst the SPLcific fund. Tlic aiin and use of cach r¢stri¢i¢d lund is set out in ihe notLs io thc rinanLial siai¥nienls. Income All iJiconi¢ is incliidcd in thc Statenicnt of Financial ActLI-itiCs (SOFA) when the thariiy is legally ¢ntitl¢d to th¢ income L2ftcr an). perfonnancc conditions hai'c been met. tlic amount can be measured reliably, and it is probabl¢ tliat thc inconlc will bc rccLii'cd. For donL?tions to bt rccognised the cliL2rity ii'ill hai-c been notified of Ihc amounts and ilic setilLiii¢nt dL?tc in 'rilin8. If IhLie are condiiions a1141¢hed io the donaiion and ihis fL'qLiires a lei'el of pcrforjiiance bcfoic cntlilcment can be Obl1 ined, IhLrt incon)e is defetred uniil ihose condiiions are fully nici or tlic fulfilinenl of those condiiions IS Ii'i¢hin ihe conirol of ihe chariij. and li is probable Ihai they will bc fulfilled. N'o n)tstint is inLliided in Ihe finic ncial siaiemenis for volunieer lime in line ii'iili ih¢ SORP. Fiirther detail is gii'en in ihe Trus¢ees' Annual Report. For ILgc1CiLS. cntiil¥meni is tIIL carliLr of the charii}' bling noiifiid of an impcndijig distiibiilion or Ihc Icgacj. being rLLLjI'¥d. At this point inion)L is r¥CL)gniscd_ Oji o¢¢asion ILgaLics i¥'ill bL Iiolified to tlie eharit)" hoii'ever, it is noi possibl¥ 10 JiicasiirL' the ainouni CXPiLi¢d io bc disiributcd_ On ilJ¢sc OCC2L Slolls. the Icga¢}' is Irc1c led as a coniingLni assct and disclosed. 15
THE PtlR15H OF CFIEL.SE..I: ST LUKE'S &. CHRIST CHLRCH 'OTF.STO THE 2lCCOUNT,S leonlinutd) Fl)R-fiiE I'EAR EJI DF.D 3 I DECEIIBF.R 20211 ACCOUINTILN'G POLICIES (continued) EYpenditure All cxpendilure is accoiLntLd for on an L2ccriials basis atid has b¢¥n ¢lassificd iindei heading5 Ihai ggrLEi£ tL all LOSIS rLlat¢d io thecaicgor)". Expenditure isrecognised whcrc thcre is a legal orconsiruciivc oblig<21ion to iiiakc paymenis to tliird P47rlie5. It is probable that the settlcmcnt will bc required, and ihe amount of ihc obligation Lan bL mea5lLied reliably. it is ¢aie8oiised under the folloii'ing headin85.' Expcnditurc on Charit1b1¢ activitLC5 Lncludes salaries and expenses relaiing to ihc running of thc PCC, Choir. Siindav 5¢hool and o¢her activities. OihLr LxpLndiiurc rLpres¢nis ihose ileTns not falling into the ca¢egories aboi'c- and Irrecoi'erable VAT is Charged as an expense against the charilj for ii'hi¢h expenditure aros¢. Gr42nis payable ¢0 ihird Plc rlics arc wiihin ihe Lharitable objeciLI'CS. Il'her¢ unconditional grants arc offLlCd, Ihis is aLcriied as soon as ihe recipiLni is notifled of ihc giant. as this giles risi? io a reasonablc cxpcclalion tliat the rLcipien¢ ivill receive ihe granis. Il'hL'rc granls are conditional rclaiing io p¢rfom)ancc tl)¢n ihi 8fL2nl Is only a¢cru¢d ivhen any unfuifillid iondiiions are outside of ihe control of the charity. Thc Diocesan common fund is accounted for ii'hen payable. and any common fund unpaid at th¢ balance Sheet date is shown as a creditor. Fiitid-raising cosis arL ihose incurred in seeking i'oluniary coniributions and do not in¢liid¢ the costs of disscn)inating information in suppori of ihe chari(able aciii'iiies. Tangible fixed as5et5 Fixcd as$LtS oi'er £2.IM)O are capiialised and depreciaied over their useful life as folloivs.. Fixtures and fittings.. Strc?ight linc ovlr 3 yi&rs. Cgnsccratcd £2nd bcnlficc proplrty is cxcliidLd from ihe aLcounis by virtll¢s of the exemption claiined by thL Chiirch of England iindlr s.1012)la)(c) ofihL Chariiies Aci 2011. All ¢xp¢nditiirK inciirrt,d diiring thi }'Lar on consLiraiLd buildings and mo%'ablL cliurcli fiirnishing, Ivheihlr InaiJilct]iL nil or improi'¢ni¥nt, is ii'rittln off as L.Kp¢ndiiur¢ in Lli¢ }'¥ar in M'liicli it is inciitrcd. Consecrated land and building5 and moi'eable church furni5hiDgs ConsLcral¢d cltid b¥n¢fi¢i prop¢ny is L.x¢1did frojii ili¢ aciounls b}. virtucs of thc excii)ption elaimed bj. ¢he Chiircli of Lngland iindcr s.1012lla){¢l of th¥ ClJariiiLs Aci 2011. No VLgIuc i5 placcd 011 nioi-eablL churLII fiirtiisliings hcld b). tli¢ ¢hiLrchii'ard¥ns on sp¥¢ial Irusi for Ili¢ PCC aEJd ii'hich reqilirc a ficulis for dispoS421 since Ilie PCC con5idLr tliis to bc inLilicnable propcri!.. All cxpcndiliire incurred diiTing the year on consLLrai¥d or bcneficed biiildings and moi-eable furniihings, Ivhethcr maintenance or improi'emenrs, is i¥'ritt¢n L)ff as inciitred. Ini'tstments Fixed assets ini"esimeniS are sia¢ed ai maiket i'alue wilh Changes recogniscd in 'Thci gainsl{losse5) on invibimcnts, in il)e SOFA. 16
I'IIE PARISFI VTr CHELSE.4: ST LUKL'S &. CHRIST CHLRCH 'O-I'L.S I-C) TIIE .4CCOUINI'S (continued} FOR TIIE YEAR ELNDED 31 DECEIIBER 2020 ACCObiN'TIN'G POI.ICIES {continued} Debtors DLbiors othLr dlbiors <2rL' rn'cogniscd 4tt ihc seiilenienl amount due after athy discouni off¢rcd. Prcpayn)ents arc valiicd ai ihL amoiini prcpaid nci of any discounts dul. Creditors and proTr'isions Criditors £2nd provisioni arc rccogniscd ii'hcrL' thL charity has a pr¥SClJt obligation rcsuliino froin a pasi ei'Lnl that ill probiTrbl!' rcsuli in the Lransf¢r of funds io a ihird pan). and ihL aniouni duc to scltlL the obli¥lc lion can bc tn¢<2sur¢d or cstim2L ted rLliably'. CrLditors and proi'isions arL nomiall}' rLeognised ai iheir 5eitlen)enl ai)iounl afteT alloiving for an) diwounts duc. Financial Instruments Th¢ ch2[ rity onlj. has fjnancial assets and fLnan¢ial liabilities of a ktnd that qualify as basic financial instninicnls. sic finEinLiL21 in5truTnents are initially recognised al transaclion Yalue and Silbsequently mcasur¢d at their seltl¢in¢nl i'aluc.
TFIE PARI.SFI OTr- CIILLSE.4: ST LUKE'S &. CHRIST CHURCH 'C)'I"ES'I'C) I'IIE .4CCOUNL 'fs {¢ontinued) Tr'OR'fiiE I'EAR EIN'DED JI DECEIllBER 2020 COIIE AIN[) ENI DOII'NIF.INTS Unr¢$tri¢ted runds Restricted fund$ Total Tot#1 2020 2019 21a) Donation5 &. legaci¢s Planned gii'ing.. Gilt Aid donaiions 69,994 69,994 36,88(1 Collection5: C'ollcction5 IL nd Open plat¢ SpcciThl Collections 24.509 24,509 14,813 Tai recoi'er2ble'. Tax f¥COI'Lrabl 28.234 28,234 2J,723 Grant5 and Legacies: L¢g?LCiiS L?nd otliLr Hall Doncitions 118?42 219,900 118,242 219,900 330,988 196,849 460.879 460,879 627,758 21b) Actii'ities for generating fund5 Parisli EnagiL zilli ladvLrtisinql SuEnnier FetL atid Chrisijnas bazaar Cliiirch and oihLr rentlL Is Car Parking 25 130 149.941 18.3iO 25 130 149,941 18,3iO 2.350 13,565 209,064 24,635 168.446 168,446 249,614 21£} Income frorn ini'e5tnient5 DiN'idLiids and intilLs1 8.733 8.733 5.834 8.733 8,733 5.834 2111) Income from church aetiTr'itie$ FeLs- ii-L(Idii)us. fiLIILll4 Is and viher chutch 445 445 33,994 J3,994 Total inco1¢ 629,770 8,733 638,503 917.200
'I'IIE PARISII ()fr' CFIELSE.4: ST LLKE'.S &. CHRIST CHL'RCII o'rES TO I'IIE .4CCOUNI TS {continiiedl FOR TEIE YE,IR EN'DED JI DECEII IBER 2020 LlnTeStTlCted Re5tric¢ed futhds Total Total ENPEINDITURE 202 2019 31a) Church gctii'ities Donations paid 5.913 5,913 Parish Expenses: Running Cosis RLPciirs andi I lainlinancc 1115ic &. Clioir Costs DipfLLiatign on Comput¥r Equipment Siii)day sc111 Cosii P<lfi511 fvlagL17.inc Costs DiocLbaii C'otnmon fiind Piiiiling li nd Si4?lioners' Coiiipiiter Costs InsLirance Chiirch)'ard Upkcep Oihei NlinislTr' Costs Ciiiale Costs Cleaning 8,737 38.405 40.81)6 20,789 290.854 28,320 66,725 4Q,806 6,072 12,835 12,715 180,ooo 3,498 8,870 186,IN)O 11,19) 12,637 29,190 2,599 3,498 8,870 186,000 12,637 29,190 2.599 16,426 ?6,309 38,502 116,591 13,891 22,697 4,199 4,368 26,222 8.231 2.639 2.155 6,395 26,920 10,129 36,679 1.196 15,479 20,25J 49,495 139,902 13,312 45,582 26.309 38.502 116,i91 13,S91 22,697 4,199 4,368 26,22? S,231 2,639 AccountlL nLy Aiidit Rcniiiniration Le¥71 & PiofLssional Cliiinccl Costs Uiililies & Rates Tclcphonc &. lJitirnLt Postagc B¢ink Cli¢1rgcs Bi4 d Dcbt OiheT Costs 3,300 29,221 8,411 3.315 ,931 6,39) 26.920 663.39) ?8.320 691,715 969,759 Other: SpLClcil Lollections paid Total expenditure 663J9ry 28.320 691,71S 984,472 19
THE PPIRISII OF CIIELSE..I- ST LUKE'S &. CHRIST CHL'RCFI liUTF.STO TIIE ACCOUNI TS leontinutd) F()R THE YEAR EIN'DED 31 DF.CF.IllBER 2020 EIPLO},EEs 2020 -NILmber 2019 uiiiber I'uniber of einploi'ees Thc a'Cragl nionthly numtKr of cmplo)'CLS duriiiq thc )-ear iiis- All employees Emplol'nient cost5 112,044 9,007 7,689 122,407 10,403 7,092 Social sLciiiit)' OIliLI PCt]sion costs 128.740 139,902 Total Icdundanc}' and temination paymcnts amountcd to £NTjl12019." £Nil). Thcic ii'ClL Iko Ctiiplos'les ii'hosL anniial remuncralion ivas £60:000 OT l)ioie. Thl ioial ieniuneraiioii and bcncfils of Èhc key m11 nge1Cl li'a5 £LXil (2019-£N'il). Thc kL)- manaocmctLI tompiises Ihe TIuslCiS aiid Rlclor ivho are ot ILmiinLrated b). thc PCC. TAN'GIBLE FIXED ASSETS Fiiriiishing5 an(1 F.qiiipinent 2020 Total C05t or I'aluation At l Januati- 2020 Addilions 21.47S 21,478 As 31 DLY¢mber 2020 Depreciation At l J2L lliiL2r)' 2020 Ch4iFgL loi IhL )-eir 21,47S 21,478 At 31 "¢emb¢r 2020 INCI Book. l Mluc At 31 Di¢cmbcr 2020 Ai 31 December 2019 20
THE PARISFI C)Tr CRIELSE.4- ST LL'KE'S &. CIIRIST CllbRCII liOTES TU-I'IIE ACCOUNTS (continued) FOR I'EIE YEAR Eh'DF.D 31 DF.CF.IIBF.R 2020 FIXED ASSET IINI'EST,IIEINTS Listed Ini'estm¢nts 4)8,844 Additions al c051 DisposL?1s cil proceeds R¢£21iscd aiid LinrLalised glIS and 105SCS loN'eincllt in ini'estment cash (87,5231 43 ?4{} 7.040 larket i'alue #t 31 December 2020 472.348 DEBTOR.S 21120 2019 Trade debiors Other debtors i,3iO 72,814 17,173 51,660 7S,164 68.833 CREDITORS: amounts falling iiithin one l'ear 2020 2019 Tri?de crcditors Accniiils <lnd deferred incom OihLr creditors 55,2)5 19.800 3,4)3 4,293 28,000 4,753 7S,478 RESTRICTED FUNDS Thc inconie funds of thi Lhariiy iiicliidi fLslricled filnds cotnpri5ing Ihe follo.Ing unexpended balan¢¢s of donl(lO[L$ <lnd grants hcld on iwsi for SPiYific purposes= Balaiice as at l Janllan. 2020 Iloieinent in funds Eipertditure Unreali5ed Gain Balaiice at 3 1 Deceinbor 2020 Transfers Reston¢ion fiind Speclcil colliiiions i18,i39 8.733 {28:320) 542,198 518.539 8.733 {28,320) 43.?46 542.198 21
I'IIE PtKRISRI OF CIIELSEA: ST LUIKE'S &- CIIRIST ClltiRCII I'OTES TO TIIE ACCOUNTS {conliniied) FOR TIIF. I'F.tlR F.NI DF.D 31 DF.CF.IIBF.R 2020 RESTRIC'I-ED FUNDS {continucd} Balance as at l Jaiiuarl" Balthnce Jt 31 Deceiiibei. 2019 Incotne EPenditUre l.rtrealised Gain 2019 Transfer5 RcsloTalioll fund Si)ccial colleilkons 632.639 {li7.1?il {14.813) 37,191 518,539 14.813 632.639 20.647 {171,938) 37.191 518.539 Reslorthlion Funil". This filnd li.as ini¢È4)ied io prvi"idL iesources for an). fiiturl fi(oratiOn and IcpaiT to the fabric of IhL chLIILlI biiildincy al Si LILkt's. The ¢hLirih buildirtu ai Si Liike's is grad¥ I li>lLd. Specithl CollectlOE15'. FTOM limt to lirne ix)¢h chitiches n)akecolle¢iions foT Spuxific chariiablcorganisiqlions, folloivin4 riljnious SLII'LLi5, on its oivTr bchaifand lor viher paTlies. These specific collLLiions are accountLd foi sepaicliel J. i2nd arc paid ol'er diirinu the year to ihe Thominaicd ¢h8ri¢ies. 10. ALNALI'SIS OF )I'ET ASSETS BETII'EENL FLIINDS 20211 Unrestricted Rtslricted Total Fund biL1li nces at 31 Deceinbei 20?0 arc iepresenied by- Fixed A55CtS In¥'L5tniLILts CurtLnt a55cIs CILditOT5'. amoilnts fL211ing diLC Ii'iihin one year 472.348 69.8iO 472,348 616,726 171.4781 i46,876 (7S,4781 468,298 54? 198 I,Ql 0,496 ANALYSIS OF N'ET ASSETS BETII'EEIN FUNDS 21119 Unrestricted Restrieted Total Fiind balaiices at 31 DL"icmber 2019 14 re repiesenied by". Fixed AssLIs InN-LSlnienlS 4?8.844 89,695 428,844 6?8,(}()4 (37,0461 i3S.969 137,046) CrLdilOIS'. 1moiiniS falling due ii'iihin one year iOI,9?3 i18,i39 l.n20,46? 2?
TFIE PARISII OF CIIELSE.4- ST LLKE'S &. CIIRIST CHLRCH 'OTF.STO TIIE ACCOUNI TS Iconlinued) FOR THF. I'E&lR F.NDED 31 DF.CF.IIIIF.R 2020 I. REL.47'ED PAII-I-IES Thc PCC of 8t Liik¢ and Christ Church ChelsL'a has related partiLs in thi fonns of Christ ChurLh Chelsea Hall of RLlliinibranLL 4?nd St Liikc's Chilsca ChiirLlJ Hall_ Durino the }'Lar the charil), ri¢iIVi monilily i'olunlaTh' Donalions froiii Si Lukc's C'helsca Chiirch Hall ioialling £80,7(K> {2019.. f 69.4501. The charity reccii'cd nionihly i'olLlnt?L ry Donations from Chrisi Church ChelsL'a Hall of Rcn)¢mbT&nce totalling of £139.200 (2019.. £1?7,399). At Ihc balancc sli¢¢t datc, the balancc duL from St Lukc's Chelsea ChurLh Hall ivas £N'il (2019.. £1.672) ajid £Nil frojn Clirisi C.hiirch Chelsea Hil11 of Rcnien)btance {2019.. £1.248 du¢ frojn). 12. STèlTEIllELNT OF FILN.4liCIAL ACTII'ITIES FOR PRIOR YEA Unrestricted Flind5 2019 estri¢ted Fund5 2019 Total Fu¥Lds 2019 IINCOIllE- t)on%ilions &. LeqLicies Aciii'itiis for 8eneiatin8 funds Ini'esiihcn15 Chiiich ActiN'ities 612.94) 249.614 14,813 6?7.7 j8 249.614 5.834 33,994 5.834 33.994 Total inconie 896.Si3 20,647 917,200 EXPEINDITURE: Chutcli Aclii-ilics Other 812,634 171,938 984,572 Tot&1 Eiptn(litiire 812,634 171,938 984,472 I'tt incoiiitl(tipendilure) btftsre £ainslllosse5) 83.919 (1£1291) (67,372) Gains OD ilhl'estment aSStts 37.191 37,191 TrsLnsfers betiicen funds et illoi'ement in funds 83.919 (114,1(H)) (30,181) Reconciliation of fiinds: ToiLI1 Iiinlls broiiuhi foThi'iid 418.0(H 632.639 1.050,643 Total funds carritd lori)ard iO1,923 i18.i39 1.020.462 All in¢oime an(1 expendiiiiie diiii'L Iiom coniiniiin(p aciji'ilies. TIIL sut¢iiiiLiil ol fin4in¥ial aLtii-iliLS includes all ins and i¢Logiiik.d diiriny ihe year.