CHARrrY REGISTRATION NUMBER: 1133856 Parish of St Stephen's With All Hallows Financial Statements 31 December 2021 HARDCASTLE BURTON Chartared accountants & statutory auditor 36 Dene Road Northwood Middlesex HA6 2DA
Parish of St Stephen's With All Hallows Flnanclal Statements Year ended 31 December 2021 Page Trustees, annual report Independenl auditorfs report to the members Statement of financial activities Statement of financial positron Notes to the linancial statements 11 12 13
Parish of St stephen's With All Hallows Truslees, Annual Report Year ended 31 December 2021 The trustees present their rewrt th& finanryal statements of the charity the year end8d 31 December 2021. Reference and admlnlstratfve d&talls Reglstered charlty namo Parish of St Siephen's wth AJI Hallows Charity reglslrnlion number 1133856 Prlnclpal offleè l Hallows Church Gospel Oak Hampslead NW3 2LD The trnstees The Revd ONG Houkling" Incumbent Vicar Mrs D Rockell-Treasurer and Churchwarden MissJ Emery Mr L Akintola Mrs P Bernard Mr5 S Elia Mrs M Hall Mr O Hernirhway-secretary Mrs N Higson Mrs L Perry Ms J Tombs Ms D Welch Auditor Har(Icastle Burton Chartered accountants & siatutw audttor 36 Dene Road )rlhwo(Kl Middlesex HA6 2DA structure. govemance and managemoni The MelfrKxI ol appointment of PCC members is set out in Ghurch Representative Rules. All Church altendees are encouraged lo register on the Electoral Roll and stand for eltiOn to the PCC. Our aFFoinle(I Safeguarding Officer is Cordglia Brown and Children's ChamF4on vacant
Parish of St Slephen's With All Hallows Trustees, Annual Report (c0thj Year ended 31 D8cember 2021 Oblectlve$ 4nd activities Mlsslan Statement All Hallows, seeks to restore au peoe lo God and to each other through Sacrament %%rsrship and Christ-like living. To this ènd we are a Church who seeks lo.. . Engage the Wle people ol God . with his saviw grace throLKJh worslip. prayer. StLY atKI mission. to enable personal and spirrtual growth. Be a place of beauty and exCeller8 - where we encounter the living God in Word arKI Sacratnenl. within the Cathdic tradilion ol the Chyrch of England ' Extend a generous welcome to all- regardless ol their circumstances, in a dimate of love and ac¢Èptance ol everyone. ar¥J in friendship with one another Remwn faithful to the lurKIameniS and to the proclamation ol the Gospel, as we hav8 1Ved it -Cce dÈ1tved lo the Sairsts" with a vision for unty and trulh. Church Attendance The Electoral Roll numbered 91 as at Annual Meetiro hehy on 2514r21. Attendance at the Sunday Mass averages 40+ but like most churches since the PalemIC. numbers attending on a r8oular basis have dropped slightly from the 'bad( to church, enthu51asm. Several rnembers were still 'shielding' at the beginning ol Ihe year and wth Marbn's help we INe-Streamed services. We continued to be 'COVID' sale wiih social distancing. benches re-arraTrJed, regular cleanirrfJ. wtraring ol lace masks and hand sanitisirKJ. The roll out ol vacunations continued and hospital adm¢ssions went down. A n8w variety Dmicron. at4)eared arnl although easier 10 catch. pr(xJuwJ milder sympioms. We bggan serwro coffee in SKJuth Court after the Mass dunno the surllmèr monlhs weather pemrttiro arKI had the first parish lunch for 2 years after Mass at c¥Jr Patrond Fe$IN. Numbers wero reaSonae al Christmas cOnsering it was pouring with rain. The We 6 Bapti68. 7 Confimi•J, 1 weddiNJ and 3 funerals. Parochlal Church Councll In April PCC members were ernakl8d to approve 111 the accwnts lor 2020 121 spending of approximatety £12115000 on repairs arKI derat)n of 67 Savemake Road in or(ler to Let it lollowlng Fr Roderic'8 move to alt&mative accommodation 131 the er¥Jagement of Winkworth's Solicitors lo ccleSt Diocese's elam ol oymership of St Stephen's Church Hall. All 3 approv1 by the PCC. The PCC met in person on 12112121 ar approved various eXpditUre - electrics, DBR Masonry repair, SPeCk71ist cleaniThJ, repair, undercrolvsacristy decorabon, garden mainienarKe, ¢hitecYs fees. Safeguardlng Our SaleguardirvJ Off w, C(Frdelia Brown met with Fr DavKI, DavKI Heminway and Diane Rockell on Thursday 10th March 20 to complete the SafeguardiThJ Audit. Diane retthed she had nol been able lo cornplete the DBR check lor the Children's Charnphw as ID had Th)t en produced. C{je11a will cheL rf sh¢ can also be Children's ChampiC. Saleguardirty remains on the PCC agenda ommon Fund We Paid £85.200 in 2021 delaying the first 6 month5 to help wr(h Cash flow dur to I Electrical work and rewrs. The Commo n Funs was in lull by the eThl 012021. The PCC has agreed to pay £90,OCKI tor 2022. Charlty Glvlng Weekly rallles have onty Tecentty resumed. £210 was sent to the Chiklren's Society from the collect ion al Ihe Crib Service. £120 British Legion Poppy arp8. £100 Christkan Aid Harvest App8. £200 to Sl George Ihe Mattyr School collection for Afghan PA)y. Muslc It was 0d to be to sing hYrnr once again. Our 5 rwJular sngers, under Martin's direction, conlinue lo sing Mass s81lings eath Sunday. TW are atvJment&l th additional singers lor speci
Parish of St Stephen's With All Hallows Trustees. Annual Report Year ended 31 December 2021 occasions Colin Wa&h lex LÈrKoln cath1[al Ckganistl has accomt)anied them ijn a couple of festivals eg Nine Lessons and Cards. Martin ¢x)nbnues to keep the Hill organ 'going' and we thank him lor hi8 hard work and dedicalion. The DedatIOn of the 'Kernp' Organ. postponed Irorn 2020 took place al Pentecosl 3rd May. Llghtlng The new l¥Jhlir looks splendKI arKI is alrrK>sl (>)mete, a major pl ol work. we just need to gel lo grips with the controlsl Churchw¥rdgn's Report What a difference a year mak8sI Things ar8 almost back lo Th)miJ although 'COVID' is still very much in trvidence. Fr Roderic's last Sunday was on LENT 4 14 March 2021 as he moved to pastures new in Bromley. (He has sIe rnoved to Lirufield where his Medic needs aTe better metl. Services were being INe-streamed in the lirst lew rnonths as there were sb"Il rnembers shielding. Fr Glynn preached on Prn Sunday at the start ol Holy Week. Due to the work in the church the Altar of Repose was at th8 Sl Stephen's Altar. We had a h)vety outdoor Easter Garden tor the second year. The Duke ol Edinburgh died al Windsor on 91h April and an aca ol Rernembrance wa5 held before Mass on Sunday 1 Ilh April. Whal a moving occaston his Funeral was due to COVID restriuions and seeing HM Queen sitting alon8 in Windsor Chapel. Penlecost 23rd May V+B were joined by St Marys, Brookfield and the Bishop ol Fulham celebrated Mass. Baptised S and confirmed 7 candidates. He also Blessed the ngw 'Kemp' organ and dedicated the new ]htIng_ 6th June the Feast of C(xpu$ Christi wi pfocession ol the essed Sacrament and Benedkn0n. In June we were the first Pilgrims to stay at WalsirrtJhaFn ssnce the Pandemic and it was so g(KKI to be bath in EThJland's Nazareth. The weather was brilliant and Fr David celebraied Mass al Ihe'mysteries of knght. altar outside. 11 Juty Dedication Sunday. 15th August Assumption ol BVM. 13th September Hoty Cross Sunday, 3rd October Harvest Festival we had an appeal lor Chrisb'an Aid, 26th September a Bapb"sm, 24th October, Bible Sunday, Fr Ethyard Carr celebrated aThJ pa¢he on 31 st October our Patronal Festival followed by a lovely lunch ira the nevly decorated Undercroft. We also ¢debrated our Patronal F&stNial on Sunday 7th November when we had Evensong and BerEdrtion with the Bishop of Fulham,. Fr Brendan sang Evensong a1 we wefe joined by plenty ol clergy flndS from other parishes. The new wall plaques by Ihe war memorial were dedicaled on Rerrembrance Su18y. 21st Novemb8r Feast ol Christ the Trfjng and on to Chrtstmas FeStsves - the outside crib and tsvo in&de Cribs. plus numerous Chrisimas Trees altract many peoF4e rnakirwJ a detour to bok aTrJ admire. Thanks go to Fr Guy Pope and Fr Sirnon Walsh for Covering Ihe Sundays duriThJ August. We swd goDdbye to William in Septernter as he began his traning for the prSth0od al St Slephen's House. Oxford. He has made severJ visrts to us and Is aayS very wekyjme. General maintenance of the Church has been dea th during the year, eg gutters car1, poeons in the roof space disposed of, small window on South Side rewred, fire exlinguishers serviced, lightning nduCtor Servi. b)ilers Serviced, garden mantenare, various repairs by Gordon Gilli¢k. major deaniro lollowiro lIdInelectrICd work. de¢oration of undercroft and sacristy and so on.... Will we ever linish?I
Parish of St Stephen's Wilh All Hallows Trustees. Annual Report ie Year ended 31 December 2021 Flnanclal rovlew Tre•8urerfs Report Incorne lor the year ended 3111212021 was £372.750 School rents £210,0(X) (under review) Vi(xrage rtsnt £97,547 Undercroft Nursery rent £11013 Church lettings £20,280 Vicarage flat P8 67 Savernake £1,8 Planned gwing £14.405 Collection plale £3,494 VAT recovered Irom LPWG scheme £55,981 Gtft aid recovered120201£3,998 Photo voltw¢ £292 Sundries Music Trusl £2,860 £50,000 was transferred from GGL4 Expenditure lor the year eIed 3111V2021 was £451,867 LDF Common Fund £85,200 Utilities.. Gas, electr £9,786 Church maintenawe £8,651 Stationery, phonen)roadbar*Y, office £5.&73 Sacristy expenses £2,656 Architects Fèe £3,069 Luht Perceptions £1920 Electrics £184,318 DBFI Masonry repairs £4S,780 Insurale £10,769 WirKJow rewr lincludiro scaftokliThJl £11.977 Undercrofusaeristy decoration £18,090 Garden Maintenance l+ Easter GarderKhrisknas Crib) £13.240 DBR Lighlwelllshelter £15.995 Cleaning £6,318 Charity £630 Vicarag8167 Savemaka Expenses £24.720 Sacristan £2,1Y)O Organisl and giroers £20,765 BookkeepintyAuditor £3,384 MI611aneouS exnseS £16,699 War Mernorial £3.744 WE have £50,000 in rwNe CCLA Trnsteets. r8spon$lbllltles st•tsmenl The trustees are responsible lor wepariThJ Ihe irustees. rwrt and Ihe financial statements in accordance wilh applicable law United Kingdom Accounling Siandafds Iunited Kingdom Generally Accepted AcCnI1[j PraclKel.
Parish of St Stephen's WSth All Hallows Independent Auditor's Report to the Members of Parlsh of St Slephen's Wllh All Hallows Year ended 31 December 2021 Oplnlon We have audited the linarKxal statements of Parish ol St Stephen's Wrth All Hallows Ithe 'charity'l lor year ended 31 Dernr 2021 whh cofflprise the statemenl ol fInarla1 activthes, statement of financial posilion and the related notes, inducSng a summary ol Snificant accounlino fM)li¢ies. The financial reporting Irameworf¢ that has been applied in thèir preparation is applicable law and Uniled Kingd(xn Accounting Siandards. includiThJ FRS 102 Thè Financial Reportsng Standard applicable in the UK ar Republic of Ireland IUnr(ed Kinorn Gerty Acwtgj AcrnUr.rQ Practical. In our wnion the linaryial statements= gNe a true and lair wew ot the state of Ihe chwrty's alfairs as at 31 December 2021 and ol its incoming resources and appIAlon ol resourcos. Iuding ils incoffle and expenditure. for the year thgn ended., have been txcpety prepared in accudae wilh United Kingjom Generdly Aepted Accounn9 PractKe" have been pwepared in accordwe with the wuiiemenis ol the CharNigs Act 2011. Bas tor oplnlon We o)nducted our audit in accordan wth Intemational Standards on Auditing IUK) IISAS IUKII and applicable law. Our responsibilitEs Und those Sta$ arè further described in the auditorfs reswnsibilitlg$ lor the audit of the fInarK1 statements section (rf OLEr pOrt. We are indepeThJent ol Ihe charty ni aOrdanCe vthh the ethical rgjuirements that are relevant to our audit ol the financial statements in the UK, includir#J the FRC'S Ethui Standard, and we have fulfilled our other ethical responsibilities In a¢coidae wth these requiremenls. We tlieve that the audit dence we have obtained is suffiryent arKI approF¥iate to provide a basis lor our wn¥)n. Concluslons relatlng to golng concm In auditing the linaroial statements, we have coK4LthY that Ihe Iru5tees' use of the going COrern basis ol accountirJ in the preparation ol the finanoal statements is 8pproprf81e. 8ased on work we have FertOrrd. we have Kl&ntili any matertal uncertainb.es relating to events or Conditions Ihat. Irvjivldu or colkntNely, may Cast $wJntficanl doubl on Ihg charity's ability lo continuè as a 1rJ concem lor a w'od ol at least twelve montk6 from when lh8 linanoal ststements are authorised lor issue. Our restM)nsibilities and Ihe resw)nsibililiès ol the Iruslee5 wdh rèspecl to goiTrJ concem a descrf¢ed in the relevant sections ol this report.
Parish of St Stephen's Wilh All Hallows Independenl Auditor's Report to the Members ol Parlsh of St Slephen's With All Hallows Year ended 31 December 2021 Other Inforniatlon The other information comprises the information included in Ihe annLSal report. other than the financi $tstements and our auditor's report theTeon_ The Irustees are responsible lor the other inlomiatK)n. Our opinion oll the financial ststements does not cover the other information and. except to the extent otherwise explicrfy stat8d in our rep)rt, we do nol express any form ot assurance condusion thereon. In connecknon with OUT audrt ol the finartial staternents, our responsitility is lo read the other information and, in doing so, conSer whether the olher information is materially ineonsistent wth the linancia siatements or our knowledge obned in the audit or otherwise appears to be materially misstated. 11 we identify such malerial irthnsi•eroes or ar4went material misstaiements, we arè required lo dolermine whether there is a M*eli misstatement in Ihe financial statements or a malerial rnisstalement of the other inft>miakn"on. 11. based on the woth we have perf¢xmed. we conclude thal there is a rnaterial misstatement ol this other information, we are rwuired to rèFK)rt that fact. We have nothirvJ to report in this rggard. Matters on whl¢h we are requlred to report by ex¢eptlon In the light of the kno¢<kje and understanding of d)arity and rts enwronment obtainal in the course of the audit, we have rn)t Klenlffied material misstalements in the Irustees, rewrt. We have nothing to report in res1 ol the lollowiro matters in rdatign to which Ihe Charities Act 2011 rwjuires US to report to you rf. in our opinion.. the information gen in the trustees, reFOrt is inconsislent in any Materi resp1 with the finanual statements,. oi adequate ac£ountirKJ rrdS have nol been kept" or Ihe financial stalements are not in agreemnt with Ihe accountiTrJ Tecords arKI r$lurn$' or we have not receNed all the information a1 explanations we require for audit. Rgsponslbllltles of trustees As exFlained more lully in the Injstees, respJnsib41ibes stalernent, the twslees are resportsble lor the preparab.on of the financd statements and for beiThJ satisfied ttHt they give a tTue and lair view, and for such intemal control as the tru$tÉ6s detemiine is necessary to enable Ihe weparabon ol linarti slat8ments that are Ie from Materi misstaternent. whether dye to fraud or error. In preparing the linan¢ial ststèments. the trustees are responsible lor as8888iThJ the charty's ability to coniinue as a going concern, tJisdosiThJ, as aP1e, nHtters relatetl lo goirKJ concern atml using the going concem basi5 01 a¢¢ounttng unle&s the trustees either inte1 to liquidate the charity or lo cease erations, or have no realist altfrmativo but lo do so.
Parish of St Stephen's With All Hallows
Independent Auditor's Report to the Members of Parlsh of St Stephen's Wllh
All Hallows (¢L¥&t)
Year ended 31 December 2021
Audltorf$ respon$lbllltle$ lor the •udtt of the flnanclal statemènts
Our objectives are lo obtain reasonable assuran(* about whether th8 linancial statements as a whose
are free ITOM rnalerial mtatement, whelher due lo fraud or ertor, and lo kssue an audr(or's report that
includes our opinion. Reasonable assurance is a high level of as$Urare, but is not a guarantee that
an audit conducted in accoydance wrth ISAS IUK) will alay5 dètect a material misstateFnent when it
exist5. Misstaternenls can arise ITOM fraud or error and are considered materiab il, I1Vidu7Y or in the
aggregate, ihey coukl reasonably be expected to flUerte ts orborn7¢ deusions ol users taken on
th& basis ol these finanaal slalements.
Irregularities. irtludiNJ traud. are insknces ol IrComEI8e wrth laws arKI roJulaiions. We d851gn
procedures in line with our responsibilities. ouUin8d above. to delect material misstatements in respect
tsl irregtjlarities, induding fraud. Th8 extent to whth our procedures are cape of dètectiTrJ
irregularitiès. including fraud is detailwj below..
Irrggularilies. irluding fraud, are instances ol normplian¢e with laws and regulations. Wè design
procedures in line with our responsibilities, oulined ab)ve. to dete material mis$tatem8nts in respect
ol irregularrtyds, including fraud. The eent lo which our procedures a capable ol detectiro
irrewlarilie5, includiThJ fraud is (jeIed below:
We identrfied areas ol laws and regulatiots thai Gouk1 Teasonably be eXted lo havè a material
effect on the financial stalemetts for charitatAe crynpanies operatiryJ wthin this sector, through our
own experience as well as through discus5KJn wth management and those tharg with governance
and inspection ol regulatory aml legal corre5porxlere. We reviewed policies and procedures
regarding compliance wth laws and regulation and remained alert throughout our audrt to any
implications of non- Com18C. wth areas ol hahe5t risk communscate(I to members of the audit
team.
The charilat4e c4Jmpany i% sutr4ect to laws arnl regulations threcuy affecting the linawal stalements
including linanaal reporting legislation and laxatv)n legislation whth we assessed compliance with as
part ol our review ol related linancTal statement items. This includes thè chare$ Act 2011 and
Companies Act 26 as relererKe(l above. laws and regulalions ol which compliance was
coridered gher risk las non -¢ompliartt could lead to material rnisststement ol the tinancial
stalementsl included arrti bribery regulations, ewploymenl law, heatth and safety kgslation and data
protection feoulations. We consKdered areas which coukl be rnosl susceptible fraud or
misstatement, which included the use ol joumaLs arKI SUSFense accounts and rnanagement override
controls. Our audri work has been to erksure Ihat those areas have been lesled on a
sample basis.
Owing to Ihe Tnherent limtralions of an auOI, there is an unaV
Parish of St Stephen's With All Hallows Independent Audilor's Report to the Members ol Parlsh of St Slephen's Wlth All Hallows (¢oni•NthY) Year ended 31 December 2021 As part ol an audit in accordance with ISAS IUK), we exerwe pTolessionJ judgment and maintain professional sceptiasm throughotrt the audit. We dso.. Idenlrfy and assess the risks ol material misslatement ol the finaryial statements. vthether due to or error, design and peffom audit prctedures reSr&se to those risks. obtain audrt edee that 15 suffio8nt and aFpropriate to provide a basis for our opnion. The risk of not delectino a material misstatement resulling from fraud 15 hJher than lor one rgsultirKJ from error, as fraud may invofv6 collusion, lorgery, intentional ornissions, mi$repr8sèntations, or thè ovèrrkle ol internal control. Obtain an understarKling of iFTrteTnwl ¢ontrol relevant lo the autht in order to design audit procedures that are appropriate in th8 circumsiaes. bul not for Ihe Purpose of expressing an op'nion on the effetherpss ol the Intem control. Evaluate the appropriateness of a{UntIrKj polioes us&J and Ihe reaSonablersS of accounlirKJ estirnaies and related dloSureS made by the trus1s. Condude on the appxopriaten8ss ol the trustees. use ol the Ing concern basis ol Ubg and, based on the audit evidence obtaned. whether a material uncertainty exists related lo events or cditIOnS that rnay cast signrficanl (loubt on the chartys abilty to continue as a goir concern. 11 we condude Ihat a material uncert&nty exists. wè are required lo draw attention in our auditor's repjrt lo the related disdosures in the linanaal statements or, il such disclosures are inadequate, to modity our opinion. (Xjr o)nclusions are bas&1 on the audit evidence obtained up lo the date ol our auditorfs repjrt. H(ywever, ftshj events or rLThlitions may cause the charity to ¢xase to continue as a gtmng em. Evaluate the overall presentation. structure arnl contert of the stsiemenls. Indudlng the disclosures, and whether Ihe financial statemenls represent the un(*rlying transactions and events in a manner that achieves fair presentation.
Parish of St Stephen's With All Hallows Independent Auditorfs Report to the Members of Parish of St Stephen's Wllh All Hallows (¢11) Year ended 31 December 2021 We communicate with those charged vrilh wvemance regarding. among olhei matters, the planned scope and titning ol the audtt and sYJnrfKant audit findings, IlUdi[j any significant deficiencies in Intem ¢ontrol that we identrfy durir¥J wr audit. Use of our r8port This reFX)rt is made solely to the tharis members. as a body, in accordance with seth.on 144 01 Ihe Charities A¢t 2011 and regulations made under section 154 of that Act. Our audit work has been undeflaken so that we mighl stale to Ihe dwity's MeMtrlS those matters we are required to state lo them in an auditor's rewrt atmj lor no Oth puwe. To the fullest extent pemitted by law, we do not aept or assume res[IbiliIY anyone oiher than the charity arKS Ihe charty's members as a bcJy, lof our aud¢t work, lor ihis rewrt, or for the opinions we have formed. Mr5 M J Anlhony FCA (Senior Statutory Auditor) and on behalt ol HardcASe Burton Chartered accountants & statutory auditor 38 Dene Road NorthWXI mdI&S•X HA6 2DA 23 March 2022 10-
Parish of St Stephen's Wilh All Hallows Statement ol Flnancial Actlvlties Year ended 31 December 2021 2021 Unrestricted Restfrted funds funds Total funds Total funds 2020 Income ¥nd èndowments Donations and legacies Other trading a¢#ivities Investment income 30,963 239.395 102,392 30,963 239,395 102,392 30,226 224.050 129.153 Total income 372,750 372.750 383,429 Expendlture EXp8ndrtU on raisyng funds.. Investtnent managemenl costs Expenditure on charitable activilies Total expendlture 231,340 220.527 231,340 220,$27 451.867 159.957 195,972 451,867 355.929 Nel gwns on irwestments 10 {55n 14581 Nel {expefMlllure)nn¢ome and nel movement In lund$ 178,5601 (78.560) 27,958 Recon¢lllollon of funds Total lunds brought forward Totsl funds ¢•rried fonmard 6.562.397 7,828 6.570,225 6.491,665 6,542.266 6,570,224 6.483.837 7.828 Ttr* StateEnt ol financi actNities irK4udes all gn8 aThJ losses recojniseij in the year. All income arKJ expendilure (lerive from continuing activilies. 11
Parish of St Stephen's With All Hallows Statement of Financial Position 31 December 2021 2020 Flxed asseis Investments 12 6.350,631 6.350,631 Current assets Debtors Investrnents Cash at bank anil in haThJ 13 14 3,310 54,154 86,397 143,861 103,553 115,888 224,406 Credllors: amounts falllng du& vthhln one year Net current asset$ 15 2.827 4,813 141,034 6.491,685 6.491.665 219,593 Total assets le88 ¢urrent Ilabllltles 6,570,224 Net assets 6.570,224 Funds of tha charlty Restricted funds Unrestricted funds.. 7.828 7.828 Other unresiricted incom8 funds 6,483,837 6,483,837 6,562,S96 Total unregtrlcted funds 6,562,396 Totsl charlty funds 16 6.491.665 6.570.224 These financi slatemenis were awoved by the board of tnleeS and aurised lor issue on 23 March 2022, arKI are suned on behaff ol the t4Jard by.. The Revd DNC HoukliThJ- IncuMnI Trustee The not88 on p&ges 13 to 18 fonn pwl of lInda1 s1?en18. 12-
Parish of St Stephen's With All Hallows Noles to the Flnancial Statements Year ended 31 December 2021 G8n8rdl inforniation The charrty is a pubfK nefi1 entity and a registe[ charity in England and Wales and is unincorwrated. The address ol the principal office is Ail Hdlows Church, Gospel Oak. Hampstead, NW3 2LD. Statement of compllance These linanixal statennts have been F(epar&J in (x)mplrdnC Wth FRS 102, The Financial Reportino Standard applicable in ihe UK and the Republic of Irèland,, the Statemant ol RecommerKled Practicè applicable to charities preparing their acu)unts in accordance wrth the Financial Fleporting StarKlard applicabk in the UK and Reputlic of IrelarKJ IFRS 1021 Icharities SORP IFRS 10211 and Ihe chanb.es A¢1 2011. Accouniing policies Basls of pwratlon The financial ateMentS hav8 been epared on the hiStOral cost basi5, as mtsdrfied by thè revdualion ol certain assets liabililies and investment proFerties MeaSUrj at lair vdue throijgh income or expendtture. The financial slatements are prepar&Y in thrling, whh th8 fution currency ol the entity. Golng concern There are no malerial urKertwnties aut the chaTiVs at¥lty to o)ntinue. Fund aeeountlng Unreslrided lurKls are availab lor use at the discrelion of the trustees to further any ol the charity's purwses. Designaled funés are Unrestric fuThts earmathed by the truslees for wticular luL*re Prolt OT commilment. Restrict&J funds are subjecied to reslriclK)ns on Ihtir expendittjre dedared by the doTrJr or through the lemis ol an apFeal. and fall into one of sub.classe8.' restncied itrome funds or endowment funds. 13-
Parish ot St Stephen's With All Hallows Notes to the Flnanclal Statements (¢¢Mithd) Year ended 31 December 2021 Ac¢ounting policies IGorth Incomlng resources All in¢oming Tesources are included in the statemenl ol financial aclivilies when enliuemenl has passed to the charty,. it is probable Ihat the onoMiC benefits assctiated with the transaction will flow to the chanty and the arnounl can be reliably measured. The following Specif policies are apled to particular categories ol inc¢)me: incy)me from dor1105 or grants is recognised when there is evKlence ol entitlament to Ihe gift. rgceipl is probable and ts amoiint can ts measur&Y rel1y. legacy income i8 rogniSed receipt is wrtjable ertidement is established. income from donated goods i8 measured al the lair value of the goods unless this is impracb"¢al to measure feliably, in which case the valu8 is derived from the cost to the donor or the estimaled resale VUe. Donatgj facilities semces are Tecognised in the accounts when received il thè value can be ¥eliabty Measur1. No amounts ate induded lor Ihe contribution of generJ volunleers. income from cxjntracts for the suppty ol 8etvus is IniSed wilh the ddNery ol the Contraed seM(*. This is dawfied as unrestrbCte(I funds unless there is a contractual reqU1ment lor rt to spent on a partKular purpose and returned if unspent, in which case il may bè regarded as restricted. Resources •xpend¢d Éxpenditure is recognksed on an aruaL% basis as a liab]"Itty is 1rtUrrl. Expenditure includes any VAT whh cannol lully recovwgj, and is cwified er head'ng$ ol the statemeni ol rinan¢ial activities to which it relates= expenditure on rwsing funds irtluth Ihe costs of dl furnlwsing actwibes. events, nor charitable tradiro activilies. and ihe sale ol dimated goryJ5. expenditure on charitable activibes incbjdes all costs inuJrred by a charty in undertaknng activitiès that furfher its charitable m$ for the benefit ol its beneficiaries. induding ttrK)Sè support costs aTKI costs rdating to the governance of 1he charity apwrtioned to Charitable actsvflies. other expeThJiture includes experrtU that is neilher related to raising lurbds for the charity nof part oi its exwndilure on charitse actNthes. All costs are alIled to eXndItUre tegorieS refflecting the use of the resource. Direct costs attributsble to a single actNity are allocated directty to that actwrty. Shared costs are apporb"on&Y belwe8n the a¢tiviti'es they centrthte to on a re&8onable, lu5tifith8 and consistent basis. Investmèrrts Unlisted equity invesknents are inallY recorded al St, and subsequentty measured at lair vdue. tf f&r value cannot be Teliabty measured, assets are measured al Cost less impairment. Listed investments are measured at fair value with thanges in fair ¥ue teing recoJni8gd in income or expendrture_ -14-
Parish of St Stephen's Wilh All Hallows Notes to the Flnanclal Slatements i Year ended 31 December 2021 A¢untIng polld&s Investm•nl property Investsnont prOpty 1$ rèvalued to its lair value at each r8Wrting dale and any changès in lair value are recogNsed in profit or loss. Impairnienl of flxed assets A lor indi(2tors ol impaJmient is Carried oth ai each repJrting date. wr(h ihe recoverabl6 amount being estimat1 where such irKlicatrJrs exist. Where the Carrying valuè exceeds the reVerable arnount. the asset is impairgd accordingly. Prior impair[ner are also reviewed lor possitAe revW$ at each reKK)iting date. For the purposes ol imwrment testing. when rt 18 not possible to estimalg the recoverabl8 amount of aft irKlividual asset, an estimate is made ol ihe recoverthe amount ol the cash- generatirvJ unil lo whith the asset belongs. The cash-generab.ng unit is the smallest identifiable group of assets that ir¢ludes the asset aTrJ generates cash in¥k¥ws that largely i¢eperKlent ot the cash inflows trorn other assets or groups ol assets. For lmwmnt leing ol gocJwill. the goodwill Wulr in a business wnbination is, from the acquisitK)n dale, allcrAted to eath ol the CaShenerating units that are expe¢ted to beneff( from the synergie$ ol the comlinaiion, irrespective of whether olher assets or li8bilities of the charity are assigned to those units. Donatlon$ and legacles unreSttl T¢)tsl Funds Unrestricted Totsl Funds Funds 2021 Funds 2020 Donatlons Donations ar Gttt AKI recoveratrAe 30.963 30,228 30,226 Oih•r trading aetlvttles unrestrj Totsl Funds Unrestricted Total Funds Funds Funds 2020 Hdl letting Chuf¢h letting-undercroft renl Ghuich letting-Recorth'ngs arKI 0th9r 215.oc 13.015 11,380 215,IMXI 13,015 11.380 210,000 8.800 5,250 210.orKJ 8,800 5,250 239.395 239.395 224,OSO 224,050 Investment Income Unrestricted Totsl Funds Unrestrict1 TO Funds Fun Funds 2020 Prrty letling Bank interest receivabl8 102,347 45 102.347 128,850 303 128,850 303 102,392 102.392 129.1&3 129,153 15-
Parish of St Stephen's With All Hallows Notes to the Financial Statements (cththwdj Year ended 31 December 2021 Investment management costs Unrestric1 Total Fund$ Unreslricted Tot FtJnd5 Funds 2021 Funds 2020 Property repairs 231.340 231,340 159,951 159,957 Expendlture on charbtsble actlvllies by lund ty unrestred Total Funds Unrestricted Told Funds Funds Funds 2020 Church AclNities 220.527 220,527 195,972 195,972 Expendtlure on ¢harllablo actlvliles by actlvlty type undertaken Totsl funds dirtly 2021 Total fund 2020 Church Actwilies 220.527 220,527 195,972 10. Ngt galn$ on inveslmenl¥ Unreslrttay Total Funds Urwestricted TO Funds FLmds 2021 Funds 2020 Gainslllossesl on listed investrnents 557 458 11. Truste¢ remuneratlon and expenses No Temtjneration or other benefits trom empk)yment with the charity or a relat&J entity were receivwl by the trustees. No buslee expenses have been irUlrj 12. Investments Investmenl propertleg Cost or valuatSon At 1 January 2021 and 31 DO¢ber 2tr21 Impalmient At 1 Janu¥ry 2021 and 31 De¢8mber 2021 Carrying amount At 310ecember 2021 At 31 D8cember 2020 350.631 6.350,631 8.350,631 l invesknents shown above are hekj at vUatiOn. 16-
Parish of St siephen's With All Hallows Noles to the Flnanclal Statemenls Year ended 31 December 2021 13. Debtors 2021 2020 Othsr debtors 3B10 4.965 14. Investments 2021 2020 Investrnenls 54.154 103,553 15. Creditors: amounts falllng due wlthln one year 20 2020 A¢S and deferred income 1827 4.813 16. Analysls of ch•rtlable fvnd$ Unrestrlctsd funds At Gains and 31 Deeembg losses r 2021 1 January 20 21 Incx)me ExFendrture Unrestric1 Fund 67 Savernake Roa l Hallows Hall St Stephens HJI All Hallows House 926,195 650,0 1.175,(M)o 1,640,(M)o 2.171,202 372,750 1451.86n 557 847,635 650,0 1,175.0Tr) 1,840.0 2.171,202 6.562.397 372.7XJ 1451.8671 557 6,483,837 At 1 Jarwary 20 Al Gains and 31 December losses 2020 I1me ExFenditure Unrestricted Fund 67 Savemake Road All Hallows Hall St Slephens Hall All Hallows House 898.236 650,OCM) 1.175,000 1.640.000 2,171,202 383.429 1355.9291 458 926,194 650,000 1,175,000 1.640,000 2,171,202 6,562,396 6,534,438 383,429 1355.9291 458 17-
Parish of St Stephen's With All Hallows Notes to the Flnanclal Statements {¢t Year ended 31 December 2021 16. An8tysis of ¢h•r¥labl8 funds Restrted fund$ Al 1 January 20 21 At Gains and 31 Dgcembfr k)sses r 2021 In(x)me Eynditure HFSfuTrJ Organ lund 3,727 4.101 3.727 4.101 7.828 7,828 At 1 January 20 At Gains and 31 Decemb Josses 2020 E¥pendilure HFS lund Organ fu1 3.727 4,101 3,727 4,101 7,828 7,828 17. Analy8 of ret assets belween lunds Unrestiict FuThts Restricted Totsi Funds Funds 2021 InstmentS Current assets crrtorS le&s than l year Net asset$ 6.350,&31 133.206 12,82n 6.481.010 6,350.631 141,034 12.827) 6,488,838 7.828 7.828 Uwestrict Funds Reslricxed Total Funds Funds 2020 Investments Current assets Creditors less than 1 year Net assets 6.350,631 211.765 14,8131 6.557.583 6,350,631 219,593 14,8131 6,565,411 7.828 7,828 18-