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 {ap￿I￿led ? ScptiinbKr 20?0)
Alc¥andLr IlaThbury
EIizL2biih BrU￿S
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 acknoivll￿g¢.
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 ￿'ho￿l 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 Ho1￿C 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<d our sacilid spaces. ourthurches: and cxilLd from public cngagitncnl. Lockcd
cliiirclics spcak forcibly of hopilL%Sll¢SS and abandonmeni. thi l'et). absence of God. For ni&ny iliii il'as cojiipoiindcd in
20?0 as ii'crL iinabli lo Itll1 rk ci'cn thc niost importat)i Chrisiian Fesiii'#l of Hol> M'¢ck, and Eastcr. Adi"Cllt IS IlSU<illy a
tilllL Ii'lien IVL hardly darL brcathL, our ehilrchL￿ ari fiill daily. ofiln sevetal times oi'cr. ii'iih Carol Scrvices- yct silcnce
rcigyiicd in botli oiir chiirchLs. Iveddings and Baptjsllls Il'¥fi posiponed: re-1¢ mnoixl and ¢aiic¥ll¢d ii'iih sad rLI)clitii"cncss.
Fiincrals il'crc rcgiLlllrl)' bleak ii.iih th¢ S¢n>C of suddcn loss. of¢¥n ii'iihoul goodbyeg spilling ov¢1 into rcslrictcd fLiJiCtal
Groiips and ni¢ciings fell aiva}' too. Some. particularlj. support groups- like AA. outTcach groups- lik¢ our Youtli Group,
IN"LfL SOTLI}' missed. Strangclj., oihcr nicLtings ii'CTC Ilot miss¢d and ihis ¥eai of strippiiio out lias CErtainly rcvcalcd areas
of LiTrnecL5sary bLircaiLcracy and a cultur¢ of I￿￿¢11ng$ ￿'hIch dLV¥lop a life of their oivji, ￿'illioLI1 ncccssarilj inipacting
oiitcoines.
Biit, aboi'c all, Ive misscd each oth¢r- Iv¢ miss¢d b¢ine ￿1th each olhei in ivorship, Ive misscd thosc occasional
coiii'crs2c liojis in thi Gardens, thL chat oiitsid¥ Christ Cliur¥h school g)IL 01 in IVas¢fi)sC. Il'e iiiisscd tli¢ soarit]g of thc spirit
Ii"Iiiih ii"t find through the music of Oilr choirs and nisls_ 11 c ¢atiiL io realise hoii. Ive nccd cacli oihci aiid M'c affiiined
111il( li halci'ci conies neil suiel). can't just bc thc samc as ivhai il'as before. Thcrn" sc¢incd, ainidsl all Ihc loss, a sense of a
neil. direction foi the future.
Secondly, this lias, of course, a year likc cvcry other. Th¢ church's year u'as k-epi. albcit on-line. 2L nd liere li'e niust thank
tli¢ letL<lCit}- and l¢ihnic471511Tr"y of Fi SaTn. Il'cek b). M"LX"k eliclroni¢ ni¢ssagin2, usc of social media platfoTms aiid IiN'L-
SITLaininu h475 cnabled u5 to h1( i'e a pie5cnce Èri Ihc i"irtual ii.orld ii'c eould bJrily liai'c drL"aEnl of pievioiisl J.. Oiii childrLn's
iork flourished both on 41 iYeekl}' basi5 and aroiind the feast 11-ith on-lin¥ cgg panting for Easter. CTOlI'll making for
Epiph<1n)' and pancake tossints for Shioi-e Tuesday among oihcr things. li¢ccssit)- proi'cd indeed to be the tnoiher of
As ii'c attimpted to stay in touch ivith peoplc, Ive had some ii'onderfiill)- generous responses to need. Parishioners doiial¢d
n)oney tor iisL in the proi'ision of meals io Ihl isolaied and help in keeping childicn cothnc¢ted H'hilc homL-sLhooling. This
gLnirosit>' Il'L2S also ii'itnlssid in the gii'in(T of lime b}. mcmbet5 of our chuichcs and Ihe local commiinity, along ii'ith
Iiiiiial Aid, in sl'tling lip ili¥ Foodbank Club in oclo￿.[ 20?O- rapidl)- gaininir in SlTLntsih io ￿. a poii'irfiil resourc¢ for
tliis coii)Iniinii}' in Ihc issiic ot food inseciiriiy herc in Chelsea. IITe re nom" set¥-jnu 65 families each iveik, incliiding oi'cr
100 childrcn from the sireeis of our parish.
ThL Siijnincr Progr2L illn)c, so crLieially imponani duriiiq ilie suinmcr holida}'s, seemed io hang in Ili¥ balqL Iicc Ikjilil the i'cry
sl niitiutl it] 20?0. Il'hcn li'e diLid¥d io gL) ahead. 11'ifL' a￿.are ihgl li'e ivere son)e￿.]Ial OLII oli a linib- but il proied
proi'idiiig social contaei: friendship and ili< n)osi basic coniinimeni io 80 youngil¥rs in our P2L rish. Gone M'ere
tlic trips and oiilings, 2L t hcart. th¢y j1￿1 ivantcd io be tog¢ther. to pla}.. to iell Iheir storie& io laugh atid cry ii'iih eli oilier.
And there a great OlLIpoiLiing of reliLf. that SamiLcI Rylands managid to retllm-¢i'¢nlually- froin beiiig sltanded il.iih
IIIL IXlel%iiie5ian Bioiher5 in thL Solomon Islands. SLlmuLI and Lily nioi'cd into th¥ flat iii St Luke'5 Siieel in Jul). aiid
oi'diiititloll L?s l)Eiicon happined, diil}' if iiiirdly. in almosi cjnpiy Si Paiil's Caihcdr421. iiiiicl-s niinislry among lis (15 a

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 ￿la￿lag¥s ar¢ pourijig in.
IITe aiL in ¥ood hLL2rt in ihis comii)ILIILt)', i-la thL loi'c of God eKpr<SSid in so man}. pcoplc and iji so tnan}' ii'ays IIiTI)ugli
LOl)Illllliiiilli. C￿7[¢ ￿7nd coinpassion oi-er Ihc pasl YE￿1r. Thank you for ili¢ part yoii hai-c pla}'ed in tn2L king this a yLar iiiilikL
arty oiheT and yei a }'ear like ei"Lt)- Jear in ivhich folloii-ing in th¢ st¥P> of J¢sU5 of N'azarcth is our ii"ay, our tTuih Dd oiir
The Rei'd Prebendiri" Dr Brian Ltathard. Rector

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 Sp￿1cc5 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 lh￿lrt 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). fea￿d_
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)<ijor
cxpciidinirL IIIL2t 111ilN' arisc. This poliL}' lias ¢n$Urn￿ 1112£ I IJI 20?0. as Coi'id-19 Closcd our cliurches lo physical iiorship. oiir
PC'C112L s bcin abli lo dei-elop nLlV Ii'a>'s of ii'orshiping iogiiliir aiid continui to support our pari511 aclii-ilies, Pli S P1< rish
oftlci slc?ft ScTrlaries and remain up to dai¥ ivith Common Fund paynicns.
At ili¢ Lnd of 20?0 the PCC curr¥nil)' Ilas f468,*98 12019_. £iOI.9231 in U￿eSt￿l¢1¢d fr¥L rcsetVCS Lqnd bcliLi"es Iliis is
siiflicieni to mccl this [C￿¢￿'¢S policy, noting ihat in ?019 Illi trusliis of IhL tii'o cliurcli halls havc continued to b¢ generous
siipportirs of oiir parish's aclii'ilics, (hL costs of ivliieli ari not nici b). eoDgrigaiioiial gii'ijig ajid othir PCC itjcoinc.
Pai. polic)-
Thc PCC coinniils lo p.11-jtkb 11 le¢1St Ilic London Living ivagi Lind cncoura?is jls supplicrs and conliaciors to do ¢hL S£l111i.
Il'hin sctlin
P41}" IL%'els and in ccordatilc ii.ith a dLYlslOJI tLI kLn by ihc PCC 7 Noi'cmbci 2019 11)e PCC expccis iliat
P1( y f<ilLS ivoiild noTll14111y be incTcascd by ihc Scpiiinik"r RPI niuliiplicd by 1.2), subject io the RPI being beloii. 5 /0: Il'iih
incTiasc5 applN'in¥ fTOlll thL be¥inning of thc llixt calLndar )'car.
CILrgy slipLnds ale p1id by Ihe Dioccsc of London toivhich Ihechilrchcontributcsthrough it5 Common Fund con¢ribiilions.
TI)L CLITaiL lii'es in aLLomniodi¢ Ikon proi.idcd b}- St Luke's Hall itusiees. the c051S of M"hi¥h are sharKd Ix"tll'i¥Ji oiir lil'o
cliiiiilits. PCC TTIISILL> and IhL ReLtOT 7¢ re considired kLS' manaoenient roles and ale noi remunLrai¥d by tlic PCC. The
Pjiri>li is Lotiiliiillid 10 providing Lqiiil opponiinitlLS in eniployll)ellt.
It ii'oiild noi bL possibli for IliL PLC 10 opeiillL Js efiiLi¢nils as li does iviihoiit ihe nuiiibir of i'oliintce15 that gii-c up
tIILir iii?Ic so ivillingl), lo tll2L ki li possibli lor ¢IiL PLC 10 >ia?i ils aL(ii'ilies and Larry oiji its objcclji'c5. Tllcsc too
niitiicri)Iis io tiiltitioti indii'idii2L Ily l)Iri bui li'e ivtsuld liki It) iliank all i-oliinieirs ii'ho ivork so liard to inlL k-c tl)e
l)IirLIILS Iviihin Ilii P4?rish tlii lii'ely and i'ibrant coiJiii)utiiiJ' Iliai it is. This help comes in so niaiiy and varicd foiins
tli£21 li is not pos%iblL to plL?c¢ a fin1£ ncilrf 1 ii'orili on ihe iiinL donaiid.

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<il valiic of
-ILrm ini'Lslnienls. Reports 1¢ rL ILtLii"cd qiiarteil}' ftoiii the (und ii)an£1gLfi and IhL Trl.
nd dis¢LlSSCS the perfotm41llce ii'ith Ihc fiind manaucts.
C>ipital eipen(liture
As tLcominendid in ihe 2016 Quinqiiennial rei'ithv ￿ final Itpairs i%'ere toiknplrfed on ili¢ SiL)nill'ork and rainii"LIILI
I)IL2nLigLnieni cqiiipincnt ai Si Luke's.
*luilitor5
H£iysillclCllltI'rL LLP h1L I'e expiessed their ii'illingness io roniiniie in office ils audito￿.
rcsolulion proposintw Ih¢lt
Haysiiii2lltiti'ri LLP bl rLappointLxi as Jiidiiors of Ihty charii). for the forihloniing !'Larii'ill bi PLII 10 Jllijnbifs t ihL Anniilil
GLJlif£il NILcltng.

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 Oper￿￿tion￿lI 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 ￿￿ppliC￿1b1c 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 in￿1PPrOprIate 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<iiid and otlicr irrcgularitics.
On buh￿7]r of the boaid of TnisiLCS and datcd=
tra
TIIL RLI'LrLnd PrLi>ffary Dr Il Le1¢ thttid
Trustee
Date.. 27 October 2021

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<mLnlS, Lnclilding a siin)nMr)' of sigjiificant accouiiling policies. The fin¢rynLiL?
rLporting franicii'ork Iliai lias Ix'in appliLd in their prLpanlion is applicable laii. aiid tijiited Kingdoin A¢ctsiintiiig
Sli¢ ￿￿￿7rd5. incliiding FinL2llci£21 RLPOrting Siandard 10? Tlic Fiiiaiicial RL'wi'liirg Si(7iJdnrd fiiJiilicnblE IFJ IITC UA Éiptil
RvipTiblic oflreland Iunitcd Kit)gdom GLiierally Ac¢cpied Accounting Practice).
In oiir opinion. tlic financial st2L ILments'.
gii'c a trul and fair i'i¢iv of thL siaii of ihe charity's affairs a5 at 31 Ikcember 2020 and of the ¢harily'S nLI
nioi'ctnent in ftind> tor tli¥ ylar then ended-
h2L I'l bLLn properl), ptLparid in aLcoidathcc ii-ith UnilLd Kingdo1￿ Gcnerall). Accepted Accouiiling Practice", and
hai'l bLXll PILPaTcIJ in accoidance %'Lth ihc rLqUIN'mints of thl Chariiics Act 2011.
B21 Sis for opinion
IIL have ￿'[n appointed as aiidilor under SLclion 144 of ihe Chariiies Aci 2011 and riport in a¢Lordan¢c ivith IliL Act and
r¥'lLI'ani rLgiil<ltions m<1de OT hai-ino cffcct thcrLuJidir_ Il'e ¢ondiiLILd our audil in accordanc¥ Il'ith IniLmational StL?iidilrds
011 Aiidiling IUKI {ISA5 IU'K)) and applJcLibli IL2lI'. Our rL'sponsibiliiiLS undLI IhosL siaiidards arl liiiililr dis¢ribcd ii) the
Aiidiior's responsibilitics for IhL audit of Ihc financial SthiLmenis SLxiion of our rL'POrt. Ive aiL indLpLrtdLni of Illl cli2i lit).
itl L?c¢ordi£ nL¢ l%'ith the cil)iL411 rL'(IULiemLnls IhLI1 ari filciani 10 Ollr aiidii of the finc2neial srai¥l1)¥nis iii il)¢ UK. incliidin¢7
tlic FRL'S E1hLc￿il Siai)dard. 41nd li'e h47IC fillfillid oiir oiliir cihiial rispon>ibiliti¥s in acLordatlCi Ii'iilj thcsL riquifLincnlS.
Ilc bLli¢i'e Ih<lt the 14 udi¢ ei'idcnce ive hai'e obthined is sutTicicni and appropriate ￿ proi'idc a basis for our opinion.
Con¢liisions rLblatitLg lo %oing concer
Iii L2uditiniF Ilie finiillciiil sl<ilLIIIL Trls, li-e h￿1%.t concludcd thal th¢ inisiccs. US¥ of thc going conccm basis of aceounliJi¥ in
tlic prtyparaiion of the financi411 staiemcnls is appropriail.
B?L sed on ihL ivoik ii"e hthi'e peifott]ied, ii"c hai'c not idiniified an)- maiLrial unccrtaintics rclaiing to cvcnts or cojidilions
Ili?É I, indii'id111115- or collLYlii-<l)'. Ina). C¢15t 5ignificani doubi on ihi chariij s abiliry ill Continue as a going con¢¢rn for
Piried of ai liJSt tiYL'li"e munths (rom ii.hen the f￿17￿ClaI sialLJllkDts ari autlioriscd for issu¥.
Oiir r¥%ponsibili¢ies and ihe responsibilities of ihe trustLYS Il'ith T¢$￿t to going con¢¢m arc dcscrib¢d ill thc relev7￿ 11¢
scclions of ihis ieporl.
Other iijformation
The InisliLs 4?ri N'iponsibli for ilii oihLr iTrlonllalion. ThL Othci infoT]natioll conipiisc5 Ilic information incliidLd ii) iliL
Tr1151iLS' AlltllllL I Rlport. Oiir opinion IliL fin¢?llcial slateinenls doe5 not coi-ei Ihe othei infoniiatioii and, eicepl to tlJL
cxlcnl oihLrivisi Lipliciily Si£21id in oiir riport. Ive do nol eKpie55 any form of a55uiance concliision ihereon.
In conncctioti i%'iih oiir audii of th¥ financial siaiLments. oui respon5ibilit)- is lo tead the otlier infomiatioii and, in doing so,
consi(IL T IvIILihir Ilic oilicr inlonnaiion is nTr£2tKriall)' in¢onsisi¢ni ii'iili Ili¢ fiNnci¥l statLmLnlS 01 OIIT knoivl¥dgu obiLgiiicd
in IliL' aiidit or othLrii'isL appel£ fs io ni2L tLriall)' tni>siai¢d. 11 ii'L idcnlify such niaierial inconsistLncie5 ur apparcni JiiL2ILrial
Inissil< ILmenls, IVL ari fiqiiifLd to dcicniiinc ii'liiihcr Ihere is a n)aiirial i￿15st8$CrnLn1 in ihL finallciil siaiLniLnls or a
l)lil¢Lll¢il mi55t1c tcinciit of Ilic oihLr inforniatioai. If: bascd on ihc ii'ork haiie PCTformed. i¥-e conclude Ihai ilicrc is a
l)IlI tLIjLiI JiiisslalLlliiDt of Iliis oiliir infoniiaiiotL lie arl. te4uitLd io ¢hai faLI. IVehai'L nothing lo iepott iii tliis r¥gard.

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 h￿71'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 n￿n￿al aecouniints joutnals. Aiidii
ploLL￿LIrus 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 P￿7￿1cula[ 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 b￿y. 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(¢
H￿￿￿51711￿c1ntl'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 2￿0

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[ih￿7sl 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 e￿ded 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 st￿1t¢ments hai'e bLen prep14 red in accord￿￿nCe 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
stand￿Trrd 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 fin￿lAlI￿lI 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 f￿rthera￿ce 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 Charit￿1b1¢ 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$L￿tS 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¢1￿did 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 sc11￿1 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
E￿IPLO},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 n￿￿ge1￿C￿l 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 g￿lI￿S 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
don￿l(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
E￿PenditUre 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.