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|Legal and Administr
For the year ended|ative
Information
3I December 202 I||
|---|---|---|
|||Page|
|Legal and administrative|information||
|Report ofthe Parochial|Church Council||
|Independent
Examiner's|report to the Parochial Church Council||
|Statement offinancial activities|||
|Balance sheet||IO|
|Statement ofCashflows|||
|Notes to the financial statements|||
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|The PCC w|ho serve|d
d|uring the|year and|who we|re serving at th|re serving at th|e date ofthis report were:|e date ofthis report were:||
|---|---|---|---|---|---|---|---|---|---|---|
|Vicar||||Reverend|And|Buckler||From
une 2017|||
|Associate Vicar||||Reverend|H Miller|||From July 2017|||
|||||Reverend|ean-Luc||Ser ent|From Se tember 2020|||
|Church Wardens||||Don Christian||||(elected APCM|202l)||
|||||Leah Haynes||||(elected APCM|202I)||
|Elected||||Naheed
Amiaka,||Treasurer||(elected APCM|2018,resigned|from Treasurer Dec2021)|
|Lay Representatives||||Samy Mansour||||(elected APCM|2018)||
|||||Stuart Beck||||(elected APCM|2019)||
|||||Annabel|Lea|||(elected APCM|2019)||
|||||Johnny
Simpson||||(elected APCM|2020)||
|||||David Park||||(elected APCM|2020)||
|||||Amanda|Sharman|||(elected APCM|2020, elected|as Treasurer Dec 2021)|
|||||Stephen|Buckley|||(elected APCM|2020)||
|||||Gill Dandy||||(elected APCM|2020)||
|||||Antoine|Piquet|||(elected APCM|2020)||
|||||Victoire|Engome-Eyoum|||(elected APCM|2020)||
|Lay
Representatives|||to the|David Park||||(elected APCM|2020)||
|Deanery Synod||||Roger Hall||||(elected APCM|2020)||
|||||Nicholas|Bell|||(elected APCM|2020)||
|PCC Representative|||on the|Rachel Edmondson||||(elected APCM|2018)||
|School Board ofGovernors|||||||||||
|Salaried Personnel||in|Attendance||||||||
|Director of|Operations||||Chloe Slinger||||||
|PAto the Vicar|||||Ruth Beck|||PCC Secretary|||
|Key Management||Personnel|||||||||
|Director of|Prayer|and|Pastoral|Care|Pippa Fernee||||||
|Director of|Worship||||Gilbert|Chellembrom|||||
|Director of|Operat,|ions|||Chloe Slinger||||||
|Professional|Advisers||and Agents||||||||
|Bankers|||||NatWest||Bank pic|Kensington,|Royal Garden|Branch,|
|||||||||55 Kensington
High Street,||London W8 5ZG|
|Independent|Examiner||||Jacob Cavenagh 5Skeet|||5 Robin Hood Lane, Sutton, Surrey SMI 2SW|||
|Quinquennial|Inspector||||Robert|Shaw Architects||32 Foster Road, Chiswick,||London W44NY|
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|||||||202I|2020|
|---|---|---|---|---|---|---|---|
|||||||f.||
|Total reserves||||||97l,527|853,185|
|Less: restricted||funds||||(30,124)|(57,798)|
|Less: fixed assets||||||(1,506,743)|(1,509,720)|
|Less: Designated||funds||||(118,578)|(40,000)|
|Add: long term||loans|on residential||&church properties|160,000|160,000|
|Add: provision|for liabilities|||||653,571|653,571|
|Free reserves||||||I29,653|59,238|
|Free reserves|requirement:|||||||
|6 month's
budgeted|||routine|expenditure||200,000|200,000|
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|||||Unrestricted|Restricted||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Funds|Funds|Total|
||||Note|202I|2021|202I|2020|2020|2020|
|||||E|||f|||
||Income from:|||||||||
||Donations
and legacies|||589,037|66,236|655,273|487,659|151,627|639,286|
||Charitable
activities|||14,700||14,700|11,351||11,351|
||Other trading activities|||60,281||60,281|45,267||45,267|
||Investments|||II||II|105||105|
||Other Income|||30,000||30,000||||
||Total Income|||694,029|66,236|760,265|544,382|151,627|696,009|
||Expenditure
on:|||||||||
||Raising funds|||48,306|10,246|58,552|33,430|12,889|46,319|
||Charitable
activities|||531,919|51,452|583,371|440,577|123,754|564,331|
||Total Expenditure|||580,225|6I,698|64I,923|474,007|I36,643|610,650|
||Net(Expenditure)/income|||113,804|4,538|I I8,342|70,375|I4,984|85,359|
||Transfers
between|funds||32,212|(32,212)|||||
|,'|Net movement
in funds|||146,016|(27,674)|II8,342|70,375|14,984|85,359|
||.Total funds brought|forward||795,387|57,798|853,185|725,012|42,814|767,826|
||Total funds carried forward|||94I,403|30,124|97I,527|795,387|57,798|853,185|
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||||||Unrestricted|Restricted||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Total|Funds|Funds|Total|
|||||Note|2021|2021|2021|2020|2020|2020|
|||||||E,|||f.|f|
|Fixed Assets|||||||||||
|Tangible Assets||||6|1,506,743||1,506,743|1,509,720||1,509,720|
|Current Assets|||||||||||
|Stock|||||369||369|518||518|
|Debtors||||7|103,296||103,296|36,216||36,216|
|Cash At Bank And||In Hand|||178,995|30,124|209,119|103,579|57,798|161,377|
||||||282„660|30,124|312,784|140,313|57,798|198,111|
|Creditors - Amounts
Within One Year|||Falling Due||34,429||34,429|41,075||41,075|
|Net Current|Assets||||248,231|30,124|278,355|99,238|57,798|157,036|
|Creditors - Amounts|||Falling Due||||||||
|After More|Than One Year|||9|160,000||160,000|160,000||160,000|
|Provisions for liabilities||||10|653,571||653,571|653,571||653,571|
|Net Assets|||||941,403|30,124|971&527|795,387|57,798|853,185|
|Represented|By:||||||||||
|Restricted
Funds||||||30,124|30,124||57,798|57,798|
|Unrestricted
Funds:|||||||||||
|General|||||822,825||822,825|755,387||755,387|
|Designated|||||118,578||118,578|40,000||40,000|
|Total Funds|||||941,403|30,124|971,527|795,387|57,798|853,185|
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||||||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|Total|Total|
|||||||Note|202I|202 I|2021|2020|
||||||||E.||f|f.|
|Net cash flows from/(used||||in) operating||l4|77,527|(27,674)|49,853|I06,699|
|activities|||||||||||
|Cash flows||from investing||activities:|||||||
|Dividends,|interest and rents|||from investments||||||l05|
|Purchase of||property|plant and equipment||||(2,122)||(2,122)|(9,313)|
|Net cash provided|||used in investing||activities||(2, I I I)||(2, I I I)|(9,208)|
|Change
in||cash and|cash equivalents||in the||75,4 I6|(27,674)|47,742|97,49I|
|reporting||period|||||||||
|Cash and|cash equivalents|||brought forward|||103,579|57,798|I6I,377|63,886|
|Cash and|cash equivalents|||carried forward|||I78,995|30, I24|209,I I9|161,377|
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|Income||||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||Funds|Funds|Total|Total|
|||||2021|2021|2021|2020|
|||||||E.|E|
|Donations|& legacies|||||||
|Offerings
and donations||||465,69 I|2I,279|486,970|5 I3,0I9|
|French|Connect||||27,832|27,832|34,999|
|Income|Tax reclaimed|||80,096||80,096|9I,268|
|Legacies||||40,000||40,000||
|Grants||||3,250||3,250||
|Alleluia|Project Income||||I7,125|17,125||
|||||589,037|66,236|655,273|639286|
|Charitable
activities||||||||
|Sticky Fingers||||I,884||1,884|2,856|
|Barnabas
Music Academy||||l2,8 I6||12,8I6|8,495|
|||||14,700||14,700|11,351|
|Other trading activities||||||||
|Lettings|income —residential|||I0,080||10,080|I3,I80|
|Lettings|income —Howard||Hall &church|26,346||26,346|7,883|
|Outings|and other parish events|||7,880||7,880|6,248|
|CARS income||||11,433||11,433|I6,452|
|Other.||||4,542||4,542|I,504|
|||||60,281||60,281|45,267|
|Investments||||||||
|Bank Interest|||||||105|
|Other Income
- Insurance||claim||30,000||30,000||
|Total||||694,029|66,236|760,265|696,009|
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|.Expenditure
|on||Ch|arita|ble|Activities|||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|||
||||||||Funds|Funds|Total|Total|
||||||||2021|2021|2Q21|2020|
||||||||E|f|6|g|
|Provision of clergy|||||||||||
|Common
Fund|||||||112,500||112,500|96,575|
|Other|||||||19,950|19,950|39,900|39,900|
||||||||132,45Q|19,950|I52,400|136,475|
|Church
Life &Outreach|||||||||||
|Gross salaries|||||||67,022||67,022|65,706|
|Employer's
National||Insurance|||||3,762||3,762|3,415|
|Upkeep of services|||||||4,548||4,548|2,152|
|French Connect||||||||2,681|2,681|5,081|
|Worship/Organist|||||||5,094||5,094|4,269|
|Children/youth|||||||2,341||2,341|2,485|
|Church Weekend||||||||||1,954|
|Music School|||||||11,449||11,449|7,297|
|Other ministries|||||||2,150||2,150|4,908|
|Catering
& hospitality|||||||1,965||1,965|1,582|
|Gifts and grants (see|||note|4b below)|||17,835|22,680|40,515|84,236|
|Alleluia Project||||||||6,141|6,141||
||||||||116,I66|3I,502|I47,668|I83,085|
|Provision
of Office &|Support||||||||||
|Gross salaries|||||||41,070||41,070|40,012|
|Employer's
National||Insurance|||(net|of Nl Emp All)|1,518||1,518|1,459|
|Pension contributions|||||||7,941||7,941|7,592|
|Staff expenses other|||||||10,230||10,230|7,918|
|Volunteer
expenses|||||||14,499||14,499||
|Printing,
postage|&stationery||||||518||518|488|
|Photocopying|||||||1,931||1,931|2,781|
|Accountancy,
payroll|||& recruitment||||2,180||2,180|4,666|
|Technology —IT|(communications,|||||phones, software)|7,357||7,357|7,059|
|Technology —IT|Support||||||2,572||2,572|2,304|
|Technology —sound||& video|||||2,661||2,661|2,367|
|Publicity
and website|||design||||6,290||6,290|27,044|
|Depreciation|||||||5,099||5,099|7,215|
|Other|||||||2,014||2,014|1,761|
||||||||105,880||I05,880|112,666|
|Provision of Buildings|and||Facilities||||||||
|Gross salaries|||||||55,537||55,537|53,298|
|Employer's
National||Insurance|||||2,436||2,436|2,338|
|Heat„ light &water|||||||21,116||21,116|12,511|
|Insurance|||||||6,843||6,843|10,855|
|Repairs & maintenance|||&|H&S|& Diocesan interest||87,882||87,882|49,803|
|Cleaning &waste|||||||1,889||1,889|1,300|
||||||||175,703||I75,703|130,I05|
|Governance
costs|||||||||||
|Independent
Examination||||fee|||1,720||1,720|2,000|
||||||||1,720||I,720|2,000|
|Total expenditure|—charitable||||activities||531,919|51,452|583,37I|564,331|
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|||||2021|2020|
|---|---|---|---|---|---|
|Gross salaries||||163,629|159,016|
|Employer's
National|Insurance|(net ofSMP and Employer's|Allowance)|7,716|7,212|
|Pension costs||||7,941|7,592|
|||||179,286|173,820|
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|. Debtors|||
|---|---|---|
||2021|2020|
|||E|
|Prepayments|7,834|12,955|
|Income tax recoverable|27,073|20,312|
|Insurance
claim|30,000||
|10%deposit for organ restauration|37,057||
|Other debtors|1,332|2,949|
||103,296|36,216|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||E,||
|Creditors for goods and||services||11,396|19,252|
|Accruals||||19,790|18,535|
|Other creditors|including|taxation|and social security|2,743|2,788|
|Rent deposit held||||500|500|
|||||34,429|41,075|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Loan|—private|(87 Blythe|Road)||10,000|10,000|
|Loan|—London|Diocesan|Fund (87 Blythe Road)||50,000|50,000|
|Loan|—Church|Commissioners||(87 Blythe Road)|100,000|100,000|
||||||I60,000|160,000|
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|||||At
I|||||At 3I|
|---|---|---|---|---|---|---|---|---|---|
|||||January||||Gains/|December|
|||||2021|Income|Expenditure|Transfers|(losses)|202I|
|||||E|E,||||E|
|Organ restoration||fund||32,212|||(32,212)|||
|Vicar
8& Churchwardens|||fund|11,060|12,979|(14,380)|||9,659|
|Nominated|gifts (to individuals)||||8,300|(8,300)||||
|Gifts (French Connect)||||5,045|27,832|(32,877)||||
|Nominated|Gifts|(Thanksgiving)||9,481|||||9,481|
|Alleluia Project|||||17,125|6,141|||10,984|
|||||57,798|66,236|61,698|32,212||30,I24|
|||||At
I|||||At 3I|
|||||January||||Gains/|December|
|||||2020|Income|Expenditure|Transfers|(losses)|2020|
|||||E|E|||f.||
|Organ restoration||fund||7,212|25,000||||32,212|
|Vicar 8 Churchwardens|||fund|224|62,195|(51,359)|||11,060|
|Nominated|gifts (to individuals)||||1,500|(1,500)||||
|Nominated|gifts (French||Connect)|1,366|41,599|(37,920)|||5,045|
|Nominated|gifts/Thanksgiving|||34,012|10,500|(35,031)|||9,481|
|The Goal|Auction||||10,833|(10,833)||||
|Total||||42,814|I51,627|136,643|||57,798|
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|I4.Reconcilia|tion
of|net (expe|nditure)/incom|e
to net cash flo|w from opera|ting
activi|ties|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||Funds|Funds|Total|Total|
|||||202I|202I|202I|2020|
|Net movement|in funds|per SOFA||I46,016|(27,674)|I I&,342|85,359|
|Adjustments
for:||||||||
|Depreciation
charges||||5,099||5,099|7,215|
|Dividends,
interest|and rents|from investments||(I I)||(I I)|(I05)|
|(Increase)/decrease|in stocks|||149||l49|65|
|(Increase)/decrease|in debtors|||(67,082)||(67,082)|(2,355)|
|Increase/(decrease)|in creditors|||(6,646)||(6,646)|I6,520|
|Net cash provided|by/(used|in) operating|activities|77,527|(27,674)|49,&53|I06,699|