Ch4rfty number.. . 1133322 Parish of St Dunstan and All Saints, Stepney IA Parochlal Church Council reglstsred as a charity. number.. 1133322) Financial Statements and Trustees. Report for the year ended 31 December 2021
Parish of St Dunstan and All Saints, Stepney IA Parochlal Churth Coun¢ll règistered as a charlty. numb•r.' 11333221 Index to the Financlal Statements for tho èar ended 31 D•cember 2021 Page Ind8x to the Flnanelal Statements Charfty Infomiallon Trustée5' Report statsment of Ttee$. ResponslbllStles Ind¢p•nd8nt Examinerfs Report Statement of Flnancbal ActtvMI*s Statement ol Flnancial POSIOn statement of Cash Flows 10 A¢counttng Pollcl85 Notss to the Accounts 13-18 P4ue 2
Parish of St Dunstan and All Saints, Stepney IA P8rochlal Church Council gISred a8 a charity, number.. 11333221 Charlty Infonnatlon for the ear ènded 3108cember 2021 ststU8'. The Parochial Church Council IPCCI is 8 ¢orporate body established by the Churth of England. It is constlluted snd govem8d by the Parochial Church Councils IPowersl Measure 1956 las 8mendedl and the Church RepsentatIOn Rules120111, The rnembers of the PCC are its trusteos und8rthanty law 8nd are fvferred to as such throughoutthis r8PO 'Charlty name: Parish of St Dunstan and All Saints, Stepney Charlty reglstsatlon number.. 1133322 Regl8tered office: St Dun5tan and All Saints Churd) Stepney High Street London E1 ONR Operatfjon5 address: St Dunstan and All Saints Rectory ReGtory Squa London E13NQ Chalr.. Vlce chalr: Tr8asurgr: secretary. The Reverend Trevor F Critchlow MrJulian Cas$ Mrs 8ridget Cass Mr5 Agela Hancock Chur¢hvrfardens: Dan Forbes-Ford Roberto Ishii Kal8chi Ozoho Indopondènt Examln•r- Anthony Armstrong FCA Amistrong & Co chortedACcoUnts & St8tuloryAuthtor 4a Printing Hous& Yard Hackney Road London E2 7PR Bankers.. HSBC plc 465 Bethnal Green Road London E2 9QW CCLA Investment Management Ltd The CBF Church of England Funds 80 CheapsKla London EC2V 6DZ Page 3
Parish of St Dunstan and All Saints, Stepney IA Parochlal Church Councll Ye9iStered a8 a chaiity, number.. 11333221 Trustse8' Report for the yèar ènded 31 D袢rnber 2021 The Trustees ol the Parish of St Dunstan and All Saints. Stepnèy presentth8ir report togetherwith the financial 8tatsments for the year ended 31 D8mber 2021. erence 8nd administratlve Infomiation St Dun$lan and All S81nts 1$ Situated in Stepney. London. It is part of thè Stepney A in the Church of England Dloceso of London. The address of th8 church is.. St Dun$tan and AJI S8ints, Stepney High Street, London, E1 ONR. Th8 rrespondenCe address is.. Rectory Square. London, E13NQ. The Parochial ChurGh Counol of the Ecclesi88tic81 Pansh of St Dunstan and All Saints. Stepney bec8rne a wister8d charity on 16 December 2009, numter 1133322. Le al foundalion of the PC The Parochial Church Councils IPowersl Measure 1956 a$ awended, defines the prin¢ipal functions and purpose of Ihe PCC which K5 the respon5ibilty of CO4operating the inMbal IRactorl in promoting the mission of St Dun5tan s in its parish. Membershl Mèmbers of the PCC are either ex-offlrAO orelected by the Annual Pamchial Church Meets'ng IAPCMI in accordancè wth the ChurGh Representation Rules. Durln9 tho year the following sewved 0$ memb8ws of the PCC or asslstod In the runnlng of church actlvltle$. Clèroy- Tenn of OllJ¢•: The R8vererKI Trevor F Crftchlow- Ch8ir Ex-Offi¢io Ex-offiuo Office Holdets.. Mr Dan Foths-Ford- ChuhWardsn Mr Rob8rt0 Ishii%- Churchwarden Ms Ke16thi Ozoho- Churchw8rden Mr Julian Cass- Oeputy Chur¢hwarden for Fabric Vacant- Deanery Synod Repr&sentatNe Ms Angela Hancod(- Deanery Synod Representative Mrs Bridget Cass- Treasurer Term of Offi¢•: Ends APCM 2026 Ends APCM 2026 Ends APCM 2026 Co-opted Ends 31st May 2023 Ends 31st May 2023 ENIS APCM 2022 PCC Secret8ry- M$ Angela Hancock Mombers: Eileen Longstaff Susan Perriam Victoria Obaz& Jenny Ea00d Bunml Fawehinml Anam Peter Islam Lawrence MtLaren Elected by PCC 8nnu8lly Te of Offl¢¢'. Ends APCM 2023 Ends APCM 2023 Ends APCM 2023 End$ APCM 2023 Ends APCM 2022 Ends APCM 2022 En(Js APCM 2023 Pald Staff In Attèndance to Advi58 Ms Sarah Smith. Children and Community Wofk6r Mr Baxter M¢Rolston, Parish Assistant Structure overnance and mana The meth(Kl of appointment of PCC members 15 S8t out in the Ghurch Representstion Rules. All church att&nd885 are encouragad to registeron the Electoral Roll snd stand for election to the PGC for3 years. 12 members are gen8rally elected. The PCC is a corporate body established by Ihe Church of Engla1 and operates under the Parochial Church Council Powers Measu. It 18 responsible for implementirwJ policies and strategSes which have been approved by the PCC and progr8ssino organis81ional objectives. It mèets aFproximately every six weeks (with a break over the sutnmer rEriodl and receives financial and operational reports. Page 4
Parish of St Dunstan and All Saints, Stepney IA pah[al Church Council roglstsrnd as a charlty, nurnber.. 11333221 Trustees. Report for the year gnded 31 December 2021 Ob L4anda st Dunstan and All Saint's PCC has the responsibility of ¢troperating with the incurnbent in pr(Knoting in the ecd&siastical parish th8 whole mission of the Church, pastoral. eYangdistiG social and ecumenl¢81. Business of the PCC In In thè Covid-19 pandemic people wer8 riqhyy reluctsnt ¢0 meet In person and PCC rn88tsngs we held by Zoom. The Zoom fomat wa$ not easy lor everyone, not everyone ha8 a computer and mobile phones are less than ideal lor Zoom meet'ngs. In these truly expption81 circumstsnL%S St Dunstan only h81d tsvo fomal PCC meeting5, hoKever th8r8 were very r8gul8r meedngs between the Rector and Wardens particularty regarding Covid-19 precautions in Ghurch. St Dut15tan's w88 fortune to have virologist as Churchwarden In the person of Dr Dan Forb&s-Ford. St Dunstan's Cowid-19 prs¢autions wère GarefiJlly monitored and changed qulckly in response to the pandemic. Thanks to our Govid-19 prec2utiorts we not aware of anyone who caught Cod-19 in church in 2021. So durir¥J 2021 the PCC di5CU5sed Open Hou88 Weekend and how we mlght minimlse risks to wsitcrfs whilst still k8eplng thè church open forthis important annval event We discussed St Dunstan's Annuai Art Exhibition.. it's theme and the practical arraroernent5 needed for the exhibition to take place. The PCC al80 discussed wharo we might make our usual charitable donatyons during 2021 and distributed £2.200 to the Mkjwlfes Charity in 8arKJladesh, Stepney City Farm and the re of Dun8tan the donkey, th8 Street children tharSty in Sao Paolo Brazil run by the local ATrJlican Cathedral and a loeal Nursery School for childron with dabIlItIeS. Tha PCC also discussèd the EpY8copal Area bid for Central funding of local church plants and deaded upon a strategy. The PCC was updated on progres5 with the Development Plan. The PCC approved the annual budget an¢J received reports forth8 staff and PCC offi(rS. Th8 PCC also discussed the CO119 related dovmturn in gmng, donabons and sales of things like candles and rec8ived an upt d8ts report on the finantss. We discussed th8 whole subject of Mission in our parish and a donation frorn the Pemberton B8mes Charity to enable a now youth orÈnted'fresh exkyession, in our parish. Th8 PCC decide to become corpor81e member5 oftha Prayer Book Soraety after d8bating tt)e issue. The PCC rec8ived a r8POrt on th8 excelnt work of the food bank and noted tha goc work il was doing for tke local ¢ommunity the growth in nurnb8rs, volunteers arKI tunding. Tho PCC discussl the Quean'8 Platinum Jubi18e and approved plans to hold a Big Lunch Is (x)operats"on with local community groups. Th8 PCC di$¢u$sed L Tring in Lovs and Faith and the Shandy Street DevelopmenL Every meeting of the PCC had 5afeguardSno on the agenda and PCC rnembers wer8 pfovKled wth reading materials to ensuro everyon8 understood the importanr of safeguarding and that itwas everyone's resFonsibility to ensure our ehurth was a salè èntrironment Publlc SI Dun5tan and All Saints. Stepney ban8fits the public by way ofr. regularworship that 18 open to all, the provision of sarxed space for personal prayer and conttmplation, pastoTrl work linduding the visiting of the sid( and the bereaved), teaching Christianty through 88nnons, courses and small groups, tsking school as$emblles, promotirKJ th8 whole mission of the church through its assistan to oksèr people, parent8 and chlldren, and supporting thariti88 In tho UK 8nd overse88. Flnancial Revl¢w The results of the pgriod and financial posllon olthe PCC 8re 8hohvn in the anr)exed financial 5tatemgnls. Tha S18tement ol Finanrial Activthes shows net incorning resources for the yesr of £33.258 and reserves of £1.118.807. Tangible fixed assets for uso by the charlty Flxed assets are set out in Note 9 to the a¢¢ounts. Ind8pendent Examlner The IndewrKJent Examiner, Anthony Amstrong FCA ofArmstrong & Co, Chartej Accountsnts and Statutory Auditor, has indicated his willingness to be proposed for re-appointtn8nt. Approved by ihe PCC on 4 August 2022 and signed on th8ir b8halfby'. The Rev•re Crftchlow PCC Chalr. Trust•0 Pagg 5
Parish of St Dunstan and All Saints, Stepney IA Parochlol Church Counell reglsterd a5 a charity, number.. 11333221 Statement of Trustees, Responsibilities for the ar ended 31 December 2021 Statsment of trustoe$' r nsl Illfles The trustees are responsible for preparing th6 Trustees Annu81 Report 9nd the financial statoments in accordance ith 8ppli¢ab4e law and United .SdOM A¢¢ounting StsrKlards (United KSngdom Generally ApIed Accountlng Practi(1. The tru8t8és are r8quir8d by law to prepare finanaal 8tatefflents fr)r each financlal period which give a tnje and fair wew ol tt)e finnCi81 actiwtvas of the charity and of its financial position at the end of that period. In pPar@ those finanaal statements thg trustees are required to.. al Select suitable 8ccounting policies and apply them consisi8nVy.' bl Observe the m8th(MJ5 and princlple5 in th8 chatS SORP." ¢1 Make judgements and estimates that a reasonabfe and pruden¢ dl Follow Épplicabla accounting standards and statements of rec4)mrnerKled practice, subject to any material departures disclosed and 8xplain¢d In the awunt5', el Prepare the finan¢ial statements on thè gryro coneem basis unless it is inappropriate to 88sume that th8 charity will continue in opèration. The trustees a rasponsible for keeping adequata accounting rewrds whith disdose b*ith rea50n8ble awurdcy at any timè thg rinanu81 posib'on of the charity and which enable them to ensure thatthe financial statements c(xnply wth the Charttles Act 2011, the Charity IAccounts and Report81 Regulations 2008. the Church Accounting Regu18tions 2006 and the prowsions of th8 govemino document. The trustees are also responsible for safeguarding the assets of the charity and h8nC8 for tsking raasonab steps for the prevention and detaction ol traud 2nd ott)er irregularfties. Page 8
Parish of St Dunstan and All Saints, Stepney IA Parochial Church Councll Trglstornd a¥ a ¢harlty, number.. 1133322) Independent Examinerfs Rèport to the Parochial Church Council of the Parish of St Dun5tan and All Saints, Stepn8 I report on the a¢eounts of Parish of St Dunstsn and All Saints. Stepney for the period from 1 January 2021 to 31 December 2021. which sre 8et out on pages 8 to 18. My report is in respect of an examination c8thed out in aCrdan with the church Accounting Regulabon5 2CKb I the Regulations'l and the Ch8rit18s Act 20111 Ihe Charities Act, l. This report 15 rn8d8 sobly to th8 charitrfs trustees 88 a boty in accordan with s8cbon 145 of the Charfties Act and regulations mad8 und¢rs8Ction 154 of that Act. My exarnination has been undert8ken $0 that l rnight stste to the charivs trustees those matters l affl required to stste lo them in an independent exafflinerfs report for no other purpose. To the fvllest extent permitted by law. I do not a¢pt or assurn8 responsibility to anyone other than the PCC and its mefflb8rs as a bCy. for tny xamination, forthi8 rgport or lor the Dpinions I hav8 fonned. Respeetlvè responsibilities ol memb8rs of thg PCC and the examlner As describ on page 6, a$ PCC metnbers you are responsible for the preparation of the accntS. and you wnsider that an audit is not required forthis year underthe Regulations or under section 144121 of the Charitles Act and that an independent amination Is ne&J8d. H8ving safy'sfied myself that th8 charfty 1$ not subjeci to audit under Charity law and 18 ellglble for indep8ndent examination, it is rny responsibllity to.. al examine the accounts under section 145 01 the ChaThti&s A¢t', bl to follow tre procedu8 laid do in the gera1 Directions given by th8 Charity Commission under secbon 14515llbl of the Gharities A¢t, and cl to state whether partiGular mattgrs have corne to my attention. Bas1$ of Independent examlne¢$ report My 8xamlnation was ¢arried out in ac£ordance bTrith general Dir8cb'ons gNen by the Charity Commission. An examination includes a rewew of the accounting rS kept by the charity and a comparison of the accounts presented with those e0rd$. It also iwludes consideration of 8ny unusual Stems or disc105ure5 in the ac¢ounts. and seeking 8xp18nations from the trustees conceming any such matters. Th8 proCedUS undertaken do not prowde 311 the eviden that would be required in an audit. and consequently no opinion is givan as to wheth8r th8 accounts present a Irue and fair view and the report is limit&1 to those matters sat out in the statement below. Independent 8xamlne¢8 Statèment In connaction ¥bith my examlnation. no materfal rnatt8rs ha¥t come to rny attention which ulves rn8 cause to beli8v8 that in. any material respect.. the accounb.ng records We not kept in acwrdancè wth sectyon 130 of Ch81ities Act,. or the account5 did not accord with the 8ountIng records". or the aOunts did not comply with the applicabl8 requirements conmIng the fonn and content of acLyJunts set out in the C*arib"es (Accounts and Reports) R8gulatiorts 2008 other than any requirament that the accounts giva a'true arKJ fairf wew which is not a matter considered as part of 8n independent 8xamination. I have corn@ acrtss5 no other matters in connection with th8 examination to whiGh attention 8houkl be drawn in this report in order to enable a pro r understanding of the 8ceounts to be reached. Anthony Armstrong FCA ofAnnstrong & Co ert8r8dA unl8nts ststut Auditor 4a Prlntln9 House Yard Hackney Road London E2 7PR Datèd.. 4 August 2022 Page 7
Parish of St Dunstan and All Saints, Stepney IA Parochlal Church Councll r¢9iSt8red as a charlty. number. 11333221 Statement of Financial Activities for the ar ended 31 December 2021 2021 Tolal Funds 2020 UnrÈJtricted Restrl¢t8d ETrdowmèrrt Totsl Funds Income from- Donstions and legaoes Othertrading activit'es Investments EFKlowrnents 86,551 43.919 10 86,551 43,919 1.612 39 66,583 26,024 2,224 315 1.802 39 Totsl Income 130.480 1,602 39 132,121 9S,146 Expondl¢ure on: Charitable aetiviti88 106,319 106.319 81,298 Total expendlture 106,319 106.319 81.298 Net qainslllos8esl on investments 10 7,456 7,456 3,299 Nel incom811?xpenditurel and movement In funds 24.161 9.058 33,258 17,147 R8conGillatlon of funds- Total funds brought forward 13 763,849 247,123 74.577 1,085.549 1.068.402 Total funds earrled fornard 13 788,010 256,181 74,616 1,118,807 1,085,549 There *r8 no gains and losses otherthan those not&J above and th8refore no separate statement of total recognised gains and losses hzs been prepar8d. The accompanylng accounting FM)Iick8s and notss form an Integral part of these financial statements. P•)a 8
Parish of St Dunstan and All Saints, Stepney IA Parochlal Church Coun¢ll reglstered as a ¢harity. nurnbor.. 11333221 Statement of Flnancial Position as at 31 December 2021 31 December 2021 31 D¢Gember 2020 Nots$ Fl¥ed assets.. Taroible as8eL8 Investm8nls Total fixed as$•ts 704.191 ,070 10 704,930 51,775 756,7 Current assets.. Debtors Cash at bank and In hand Total current assets 1,109 366,907 917 340.426 1.343 crèditors: amounts falllng du• withln one year Nel ¢urrnnt assets 12 13,470 12,499 354,546 328,844 Total net aats 1,118.807 1,085.549 The fLrnd5 of tha ¢harlty: Endowment funds Re5trici8d funds Un8cted funds Revaluats'on r8serve 74,616 256.181 188,010 6,000 74.577 247,123 163,849 600,000 17 13 10 Total chaty funds 13 1,118,807 1,085.549 Approvod by th• PCC on 4AugU$t 2022 and signed on their behalf by- vor ritc low PCC Chalr. Truste0 Tho notes on pages 11 to 18 ft+rm partolthes8 8¢¢ounts. Page 9
Parish of St Dunstan and All Saints, Stepney {A Parochlal Church Covncll ragl8tered as a charity, number: 11333221 Statement of Cash Flows for the ar ended 31 December 2021 Notss 2021 2020 Cash flows Irom operatlng activitles: Net cash used in cwating actIt$ 25,708 12,821 Cash nows from InStIng acttvttt¢s'. ONiderK15, inter8$t and ients from investrnents Purchase of investrnents 1,612 18391 2.224 (7881 Ng1 cash provlded by InVesn9 activitses 1.436 Chang¢ In cash and ¢a$h equlvalents in the r•portlng perlod Cash and cash •qu5valents at the beglnning of th¢ reportlng porfod Cash and eash equivalonts at the ond of tho reportln9 pertod 26,481 14.257 340,426 366.907 326,189 340,426 otos to Cash Flow t•m8nt 2021 2020 l Re¢onclllalion of n?t IncOm{expendImTr to net cash flow from OP8ratlng activltles Net incomellexpenditure} for the reporti period las per the stst&ment of financlal actfvitie51 33,258 17,147 Adjustments for: Depreaation charges IGainsyIoss8s on revaluation of investments DIVends, interest and rents from investrnents Ilncre8seydecrease in debtors Increaselldecreasel In fftditors 739 17,4561 11,6121 11921 971 873 13,2991 12.2241 19171 1,239 Net cash provlded by lused Inl oporatlng a¢tivltl88 25,708 12.821 2021 2020 2 Anatysls of ush and cash •quival8nts Cash in hand 366,907 340,426 Total cash and cash •qulvalents 366.907 340.426 Page 10
Parish of St Dunstan and All Saints, Stepney IA Parochlal Church Councll registered as a charity. number.. 11333221 Accounting Policies for the ar ended 31 December 2021 1 Ac¢ounting pollcle$ Basls of prèpardtlon The financial ststemgnts hav8 been prBpar&l in accordan with.. al Applitble UK accounting standards, including th8 provisions of Section 1A (Small Ents"tie51 of Finandal Reporting Standard 102'The Financial Reporting Standard applitable in the UK and Republi¢ of Ireland IFRS 1021 bl A¢counbng and Reporbng by GharFbes.' Statement of Recommended Practi applicable to charities preparing th8ir a¢xounts in accordan with the Financial Reporbng Standard 8pIcable in the UK and Republic of Ireland IFRS 1021 leff8ctive l January 20151- ICharitl8s SORP FRS 1021,. cl The Charities A¢t 2011. dl The Church Accounts'ng RegulaVon$ 2006. Publlc benefit enWty The charity meets the deffnilon 018 public benefftents'ty under FRS 102. Golng ¢onc•m There a no rn8terial uncertainties about th8 charitys ability to continue op8r8tyng and accordingly the 8cwunts hav6 been pPared on a going concern basis. Incomè rgcognltlon Voluntary income and donafjon5 lincluding legae5} are accounted for On thé PCC has entitMent to the inme, it is probabl& trE income will be received 8fKI tt)e amount of incorne r8C8ivable can be reliably rneasured. Incom8 from the recovery of tsx on gift 8ided don8tion$ is accounted for on(8 the tsx reclaim has been applied for. Grant income is recognise(l on a re1Vab ba518. The income from trading activib'es include rentsl income from th818tting of church premises tempomrily surplus to requirement. and Is a(Lounted for when 8amed. It is Sho% gross, with the associated Costs included in fvndraising costs. Interest on funds held on deposit Is indud8d when 1Vate and the amount can be rneasud reliably by the charity., this is nomially upon notification of the interesl paid or payable by the bank. Income frorn property h6kJ for its rental r8turns is in¢lwled in Inveslments when due. Expenditure recognition Expenditure is accrued as soon as a liabilty is conside probab18, and the 8rn0unt of obligation Can be maasurwl liably. Longer term liabilities ar8 discounted to pre88nt value. The PCC L8 not registered lor VAT a1 acwrdingly expenditure includes VAT appropriate. Expenditure included in Raising Fund5 includes amounts Incurred In obtaining gr8nts a1 other donafjons and prop8ty rna1ntenan ¢osts. charitab 8xpenditur8 indudes those costs expended in fulfilling the PCC'S principal objects, 8S Outlined in thè Report of the PCC. Th888 Include grants payable, gOrnanCe costs and an apportlonment of support costs. Grants payable are payments made to third Part in fUrth8ran of the PCC'S objects. In the case of an un¢ondition81 grant offgr hi8 1$ accrued once the recipi8nt has been notified ol the grant award. The notification gives the recipient a reasonable expectation that they will re(%ivs th? grant. Grants awards that are subject lo thé recipEnt fulfilling perfortnance ¢onditions are only accrued whèn the reapient has been notlfied of the grant and 8ny remaining unfulfilled condition attaching to that grant is out$id& of th8 control of the PCG. Governance costs COmPriS8 all costs involving the public attountability of tre PCC and hs Complian wrth regulation and good pr8Cti(*. The58 costs Include costs related to th8 indepetNJent 8xamination 8NJ legal fees. RentaJ5 under operating leases are charged as incurr8d mr the term of the lease. Endowment fund5 Endowment funds ar8 $tcted funds whlch ar8 capital in n8turg. Pem)anènt endowments e>istwh8re Iher6 is no powpr to convert the capitsl into income. The funds ran duce where there are de(Tra$88 in value. elther by losses or depreeiatson. of 8ssèts represented by Ihe bJnd$. Ro$trl¢t8d Funds Restricte¢l funds are to b8 use¢Y for specified purposes as18id (Jown by th& funder. Dlrect and 8UPPOrt expertdittj which me&ts thes8 crileria identifled to ihe fund together with a fair allocatson of other w8ts. P89811
Parish of St Dunstan and All Saints, Stepney IA Parochl81 chUh Councll r•giStored as a Gharlty. nvmber: 1133322 Accounting Policies for the r end&d 31 December 2021 Unrostrl¢¢ed Fund5 Unr8Stri¢tsd funds 8re funds recei%ed whi(* hav8 no restrrGbons placed on their use and are available as general lund8. Deslgnated Funds ()esignat8d functs are unresth¢j funds eamiarf(ed by th8 trustoes for partSoJlarpurposes. Tanglble Fixed Assets Tangible ffxed assets are ststsd at C05t less depreoation. Depredation is pded at the following annual ratas in orderto write off each asset over tts estimated u89ful Ilfe. Land & bulldings Plant & mschin8ry No depreciation charg8d - 15VAWDV Gonsgcr8t8d Property 8ndAlove&b18 chUh Fumishings Consecrated land and benefiee property swh a5 the church building and e8r£ge Is exdud8d from the accounts in accordan with 510 of the Chariti8s Act 2011. Moveable church content5 are held by the 7c3r and churchwardens on special trust for the PCC and r8quire a faculty fordisposal are accounted as inalienable property unless conseer8ted. All expendlture incurrecl on eonsecraled or b8nefic8 buildings 2nd moveable ¢hurch furnishing5, wh8thÈr ffla1ntenan or improvement, is exp8nsed wthin th8 Staternent of Financial Activiti88. Investments Investments gre shown in the balan sh8et at dosing math81 value. SulUs8$ Ordefits on valuation are Gredited or chgrged to the SOFA. Page 12
Parish of St Dunstan and All Saints, Stepney IA Paro¢hlal Church Council regF8ter•d as a ¢harlty. number.. 11333221 Notes to the Accounts for the ear ended 31 Decembor 2021 I In¢omlng re$ource8 Thè incoming sourceS and surplus attributable to the prinPaI a¢tiwtie8 of the Gharity. 2 Net rncomlng resources Netincoming resources ar8 s18ted &fterch8ng." Independent Examiners fees- Ind8p8ndent Exarnination seM(*s Auditors fees- other servi D8preclation- owned as58ts 2021 2020 1,000 800 739 1.000 800 873 Tru$tees' emolurnents Emoluments include salari8s, f8es. tsonU. 8xpens6 allowan$ aThJ asb'mated mn-rxsh benefits re¢eivable. Al trustees Serve in a voluntary Capacity and (Jo not recelve payment for theirserv1s. 3 Income from donatlons and laga¢les 2021 Total 2020 Total Unre5tr1ctsil Re8tr1cted Appgals Gr8nls." P8rnberton Bam8s Trust Grants.. Mercers Grants,. Coopers Grants.. J8ru88lem Trust Donations &'ft aid tax recoverèd P8mberton Bame$ Trust Legacy CO1ctionS Guides & postcards PayPal incom8 Candle boxes 27.653 5,2CK) 27.653 5,200 2,000 500 2,000 1,318 8,313 32,000 4,466 611 2,160 330 86,551 31,952 3,000 500 2.000 1,318 8.313 32,000 4.466 611 2,160 330 86,551 27,456 192 2,894 1,089 66,583 4 Income Irorn other trading aGtlvltl¢$ 2021 Total 2020 Total Unre5tr5cted Restrlcted Fees r8tained Church rent Curatès house Mnt 4,941 14,240 24,738 4.941 14.240 24.738 43,919 1.652 24,312 26,024 In¢om• from Investments 2021 Totsl 2020 Totsl Unresldctsd Restricted CGLA Investment ino)me Interest rece 1,S13 89 1.602 1.513 99 1.612 2.166 58 2.224 10 10 6 Incom• from endowments 2021 Total 2020 Total Dongola Hill Trust 315 315 39 Page 13
Parish of St Dunstan and All Saints, Stepney IA Paroehlal Church Councll gIstsred as a ¢harlty, number.. 11333221 Notes to the Accounts for the ear endod 31 Decembor 2021 7 Expendiure on charltable activltles 2021 rotsl 2020 Total Unrestrtct•d Restrfct•d Common fun¢J Staff ¢osts A5sign8d fees Charitsble contrfbutions Cleryy & st8ff expenses Charitable giving Art exhibitions Psrish Assistant Accommodation St Thomas Hous Church running costs 18,000 21,272 16 3,021 620 1,842 195 9,155 46,415 2,985 18,000 21,272 16 3,021 620 1,842 195 9,165 46,41S 8,834 20,452 638 2,445 657 8,217 29.933 6,186 218 873 1,045 1,000 800 81.298 Wedding costs Depreciation Sundry 8xpenses Independent examine¢s f888 Inepondent 8xaminer.' oth8r costs 739 249 1,800 739 249 1,800 106,319 Staff ¢05ts 1021 2020 Staff costs (Gro86 wages + Nl contribuUons + Pensions) 21,272 21,272 20,452 20,452 No MuneratIon was paid to any Twsteè ortheir assodates for serwces 05 a trustee during the yaar @nded 31 0mbar 2021 nor to 31 D0Mber 2020. Land & buildin9J Plants machinery B Tanglble fix•d assets Total Cost or valuatFon As at 1 January 2021 700,000 28.670 728.670 As at 21 December 2021 Depreclatlon A5 at 1 January 2021 Charge for th8 y¢ar 23,740 739 23,740 739 As at 31 Oecembgr2021 24.479 24.479 N8t book valu• As at 31 D8C8mb9r 2021 7CQ,000 4,191 704.191 As at 31 Dèc8mb8r 2020 700,000 4,930 704.930 The Land & Buildings refers to a 0 bedroom8d terTrced house on ArtK)ur Square 1¢h hou88$ the a5SiStant curatè. It Was Ipurchased for £1(K).O(K) and is owned by St Dunstan's PCC. The property was revalued in 2014. The valuation was made by the Tw$tee5 ba88d on the value ofsimilar prowrtv&s in the Arbour Square that had been 501¢J in the ret past and the indicative valu8 Indicated from otrr online research. P&Je 14
Parish of St Dunstan and All Saints, Stepney IA Paro¢hlal Church Council rogis*er•d as a ¢harlty. numb8r.' 11333221 Notes to the Accounts forthe r gnded 31 D9cember 2021 CCLA-Mary Ba5tow.13 CCLA. Mary CCLA. PCC CCLA- Rgli¢l 10 Inveslments Bas. #2 incom8 $har05 Totsl Maiket value As al 1 January 2021 Additions Revaluations As at 31 Decamber 2021 1.393 4.256 28,630 839 4,151 33,620 17,496 51,775 839 7,456 0,070 198 1,591 e04 4.860 2,503 19,999 Numberof unlts UnltVlue£ 854.00 23.4181 1.435.68 23.4181 236.30 20.5664 77.33 20.5684 Tot41 markot value at y8ar end Totsl £ 19,999 33,621 4,860 1,590 CCLA- Relief alc CCLA- PCC Income shares CCLA. Mary Ba$tow.#2 CCLA . Ma Bastow- #3 11 D•btors.' amounts fallln9 due with5n one year Other debtors Ppay18nts 2021 2020 192 917 1,109 917 917 12 Creditors.. amounts fallln9 du• wlthln c•ne year Opersting creditors C1t card AGcruals 2021 2020 12,498 13,470 12,499 12,499 13 The fund$ of the charlty: ¢uftent perlod Openlng balance Resour¢88 Ro¥our utIlLqed Other movemorta Closing lanto R8sti7Cted fu Endowment funds Restricted income funds Tot81r8slrieted funds nrestrFct8rl furKIs Designated fvnds General fund5 Revaluation resarve Totel untricte£l funds 74.577 247,723 321,7(K> 39 1.602 1.641 74,618 256.181 330.797 7.456 7.456 104,929 58,920 600,000 763, 17381 1108.5811 104.191 83,819 600.000 788,010 130,480 130.480 1,085.549 132.121 106,319 1,118, 14 Tho lunds of the ¢harlty'. pdor peri<>d OpIng balance Retsources arfslnu Resourcos othor movom•r 10slng balanctr Endowm8nt funds Restrict8d income funds ToEèlr8St17Cted fun£ls 74,262 315 2,166 2,481 74,577 247,123 321.700 315,920 3.299 Pagtr 15
Parish of St Dunstan and All Saints, Stepney IA ParochSal Church Councll registered as a ¢hadty, number- 11333221 Notes to the Accounts for th• ear end&d 31 December 2021 Unr8S Design8t8d funds General fund5 Revaluabon reserve Total unrestriGtgd funds 105.802 46.680 600.000 752,482 18731 180.4251 104,929 58,920 600 OOD 763,849 92,665 81.298 5.146 81,2981 3,299 1,085,549 Endowmont funds The endowment fvrids a administereci in a CBF Church of England Deposit Fund a¢c(yJnt. The fund is made up of pertnangnt endowm8nt capitsl of £13.000, with the balanc¢ bwng accumulated expendable inwme. At presen¢ in¢ome geneTrted by th8 fund Is being retained in the fund. In 2015 £30.000 wss transf¢rred to the PCC account 8fKI used to P8y for major buikling Works. Initial treated as a loan it has now boen reflected in th8 en(lowment fur as a utilis8tion of exp8nd8ble endowrnent. Openln4 Re80ur¢es balan¢• arlsing Resources utFllsed Transfers & adjustm0nts 15 De$ignatsd funds- current Clts$5ng balance Fix&Y asset fund8 104,929 104.929 738 73 104,191 104,19 Openlng balance Resources arislng Resources utilisod Translers & adluslm8nls 18 Designated funds: prlor p•rfod Closing balance Fixed as58t fijnds 105,802 105,802 873 873 104.929 104,929 |Frxed as$•t funds Thi8 furFd represents the amount of charty funds IKed up in freehold land and bU11ngS and other fixed assets %yhich are needed for 0rational PUFposes. The funds are carried at Ihe net book v£lu8 of the fixed 88sets at the balano sheet date, after deducting any outstanding loans. endowment funds or restricted fvnds used to finanee their acquisidon. Opanlnu balance Incoming Resol108 exp•ndod Transfor8 & adlu9tmfynts 17 Restrlcted funds.. ¢urrent perlod Closlng bAlan¢o StAugustine Missh)n House Trusl Investsnent5- CCLA shares London Diocese Lent Appeal Mary Bastow Charity St Matthew Hall Trust PreSe8110n Trust Restoration & Development fund Rector Drewatt Bequest Relief Fund 48,424 51,775 237 2,729 70,167 40,018 24.078 7.897 1.797 247 123 48,424 56.765 237 3.696 70,1fj7 40,103 24,078 7,901 4,808 256 181 839 4,151 166 801 85 508 2.503 Openlng balanc• In¢omln esoU$S R•sour¢es expendèd Tr¥nslrs & od1lents 18 Restrictsd ftsrtds- prlor porlod CIosln9 bala¢e St Augustine Mission House Trust Inve5tm8nts- CCLA shares London DI0$0 LentApp8al Mary Bastow Charity St Matthew Hall Twst Preservation Trust Restoration & De¥elcpm8nt fvnd R8¢tor Drewett B8que5t Reli0f Fund 48.424 47,689 237 2.566 70.167 39.293 24,078 7.897 1,307 241.658 48,424 51.776 237 2,729 70,167 40,018 24.078 7.897 1.797 247 123 788 3,299 163 725 490 Page 16
Parish of St Dunstan and All Saints, Stepney IA Parochlal ChufGh Councll rgglstered as a ehartty. numbtr.. 1133322 Notes to the Accounts for the ar ended 31 Decembgr 2021 Restrfcted funds leontinuedl Projects financed by $trIcted funds are supwrta by unrestricted funding therè n¢¢es5ary. This occurs wh8re the funding Is in arraars or the InCK18n of eypenditure Dn thg project occurs disproportionately at the beginning of the project wmpared to the income flows. Wh8re restricted projects end th8 year ¥th a dèfiLYt, this Is met by aftery8ar-8nd restrict8d incxyne or transfers from unrestrictad funds. St Augustine Mlssion House Funds for general 8ccle8iastic•l purpose5. Investments. ¢¢LA shar88 These are CCLA $hares made up from S diffent former ac£ounts and charity invèstments. London Diocese Lent Appeal _J Special collection during Lent for ci)arities designated by thg Di0e of London. hlary Bastow Charlty This w8É a residue of a ftjnd tts provide a curate al St Philips Church which is now part of St Dunstans Parish. St Philip's wa5 clos1 and is now the medical library of the Roy81 LorKlon H05Pital. The fund is now designated for supporting assistant ciergy at st Dunstan. St Matthew Hall Trust Funlls for maintenants of buil(lings and general religious pur oses. preservaon Trust Furxls for pservatIon of St Dunstan and All Saints Church Stepney. Restoration & Developmont fund General Fund for developing new atsa5 of mission, rninistry and outreach. Rector Drowett Bequ¢st At the Rectorf5 discretion fc)r rest and ¢onvalescen• ofw0rn8n of the Parish of St Dunstsn and Al Saints Slepney. At the Rectorfs discretion itir the relief of poverty atKJ suffering and pr(Knots"on of the Christsan Faith in the Parish of St Dunstan and all Saints, SteprEy. Re110f Fund GÈneral Designated funds funds 738 738 738 R•stslct8d Endowment funds funds 19 Transfèrs belween funds.. ¢urr•nt period Desionated lo oener81 Total Genernl De8lgnated funds funds 873 873 873 Rostrlctsd funds Endowment funds 20 Tran8f¢rs betrfftn lunds.. prlor perood Oesianated to aen8ral Totsl Net assets attnDuthbie to iunus.. current period lievaiuauon <¥enerai funds Llesignatefj funds knllowmont funds funds Total Tangible flxed 8958ts Curienl assets Current liabilities Net aSS8ts preSented by funds 600,000 104,191 60,070 97,289 13,470 83,819 764,261 368,016 13,470 1,118, 74,616 600,000 104,191 256,181 74,61 22 N•t ¥88OtS attriDutaDio to tun08: prlor pgrfod Kovalu10n roseNo Uenerai funds LJes19natea funds nuowmeni funds fund$ Totsl rangible fixèrl assets Current assets Curr8nt liallit'e5 Net 8858ts rapre5enled by funds 600.000 104.929 51.776 195,347 756.705 341.343 71,419 12.499 58.920 74.577 00.cKo 104.929 247,12 74,577 1,085,549 23 Taxation The PCC is a regiSter&J charity. Accordingly, It 1$ exernpt from taxation tn respect of income and capital gains to the extèntthat th6s8 are appli8d to its Charftable obJ'e¢ts. 24 Post balance $heot events Trero were no snIficallt post balanc8 8heet events. 25 contingent Ilabiliti8S The charity h$ no rnat8ri81 contingent liabilit18s at 310ecemL*r2021 norat 31 De¢eFnber 2IY20. Pag$ 17
Parish of St Dunstan and All Saints, Stepney (A Parochlal Church Council registered as a Gharlty. nurnber: 11333221 Notes to the Accounts for the ear ènded 31 D&¢ember 2021 Related partles Duriro the year the memb8rs of the PCC arKI th&r relat&Y parties madè aggwate donations 01£14,39612020". £16,172). 27 Glfts In klnd and volunteers Ouring the year thtr Gharity bengfited from unpaid work performed by volunteers. Page 18