Charity number: 1133996
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Report of the Trustees For the year ended 31 December 2020
The St Mary's Parochial Church Council have pleasure in presenting their report and the financial statements for the Church for the year ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure Government & Management
St Mary's, Kilburn is currently served by Fr Robert Thompson as Vicar, with Fr Ross Hutchison, Mother Denise Yeldam and Fr Charles Morris as SSM Assistant Priests and Mother Caroline Rink as Curate.
Objectives & Activities
The Parochial Church Council (PCC) is governed by Church of England legislation. The Parochial Church Council's Powers (Measure 1956 - as amended). The principal objective of the PCC is promoting in the parish “the whole mission of the church”.
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Achievements and Performance
2020 has been characterised by the effects of COVID 19. This has led to a decrease in money from the plate but our regular income from standing orders has been constant. With good management our expenditure has covered day to day running costs with no significant amounts spend on large items or building works.
Financial Review
The statement of financial activities shows incoming resources for the year of £156,517 and total outgoings of £157,567. Total reserves of (£1,050) are carried forward, unrestricted funds carried forward are in (£17,039), restricted funds carried forward are £1,138.726. The members annual report was approved on Sunday 18th April 2021 and signed on behalf of the Board of Trustees by
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Charity registration number 1133996 Principal address ST MARY & JAMES PARISH OFFICE 1 St. James's House Sherriff Road LONDON NW6 2AP
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Rev Robert Thompson Akua Kankam Carleen Kerr-Larrington Rev Ross Hutchison Diane Irene Ashby Nancy Jirira Funmilayo Akinbinu Chris Rennoldson Han Ming Tan (Appointed: 29 September 2020) Florence Yateley Bruce-Annan
1 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Report of the Trustees Continued For the year ended 31 December 2020
Patricia Ann O'Sullivan
Independent examiners
Charlotte Shin Issabella Gyebi Caroline Nelson Susan Margaret Slade (Appointed: 29 September 2020) Emmanuel Mensah FMAAT MBA (Finance) Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF
Approved by the Board of Trustees and signed on its behalf by
----- Start of picture text -----
.............................................................................
----- End of picture text -----
............................................................................. Rev’d Robert Thompson (Chair/Vicar) Trustee / Member
2 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Independent Examiners Report to the Trustees For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Emmanuel Mensah FMAAT MBA (Finance) Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF
Date: 5th May 2021
3 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Statement of Financial Activities
For the year ended 31 December 2020
| Income and endowments from: Notes Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investments 5 Other income 6 Total Expenditure on: Charitable activities 7/8 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 58,964 93,281 2,477 - 1,795 156,517 (157,567) (157,567) (1,050) (15,989) (17,039) |
Restricted funds £ - - - - - - - - - 1,138,762 1,138,762 |
2020 £ 58,964 93,281 2,477 - 1,795 156,517 (157,567) (157,567) (1,050) 1,122,773 1,121,723 |
2019 £ 22,646 133,446 - 67 1,374 |
|---|---|---|---|---|
| 157,533 | ||||
| (159,195) | ||||
| (159,195) | ||||
| (1,662) 1,124,435 |
||||
| 1,122,773 |
4 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Statement of Financial Position
As at 31 December 2020
| Fixed assets Notes Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 15 Net assets The funds of the charity Restricted income funds 16 Unrestricted income funds 16 Total funds |
2020 £ 1,133,304 1,133,304 3,540 42,934 46,474 (4,263) 42,211 1,175,515 (53,792) 1,121,723 1,138,762 (17,039) 1,121,723 |
2019 £ 1,133,034 |
|---|---|---|
| 1,133,034 | ||
| 3,500 40,350 |
||
| 43,850 | ||
| (3,313) 40,537 |
||
| 1,173,571 | ||
| (50,798) | ||
| 1,122,773 | ||
| 1,138,762 (15,989) |
||
| 1,122,773 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev Robert Thompson (Chair / Vicar) Trustee / Member
5 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received ncome from charitable activities Unrestricted funds Maintenance of Church Work 42 Birchington Road Rent Aerial Income Church Hall Lettings Hire of Church Rooms, Church & Lower Vestry Fees Maintenance of Church Work Bible Reading Fellowship Parking |
2020 £ 50,280 8,684 58,964 2020 £ 34,996 33,196 21,583 2,257 1,063 93,095 186 - 186 93,281 |
2019 £ 22,646 - |
|---|---|---|
| 22,646 | ||
| 2019 £ 72,256 33,196 23,500 1,443 2,688 |
||
| 133,083 153 210 |
||
| 363 | ||
| 133,446 |
3. Income from charitable activities
6 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year ended 31 December 2020
4. Income earned from other activities
| Unrestricted funds Fund raising events Other Trading Income nvestment income Bank interest receivable ther income Unrestricted funds Sundry Income osts of charitable activities by fund type Unrestricted funds Maintenance of Church Work Parish Mission Activities Repairs, Maintenance and Improvements Administration, Social etc. Support costs |
2020 £ 2,218 259 2,477 2020 £ - - 2020 £ 1,795 1,795 2020 £ 90,411 7,121 26,763 32,048 1,224 157,567 |
2019 £ - - |
|---|---|---|
| - | ||
| 2019 £ 67 |
||
| 67 | ||
| 2019 £ 1,374 |
||
| 1,374 | ||
| 2019 £ 106,927 15,248 15,668 8,675 12,677 |
||
| 159,195 |
5. Investment income
6. Other income
7. Costs of charitable activities by fund type
7 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued
For the year ended 31 December 2020
8. Costs of charitable activities by activity type
| Activities undertaken directly Maintenance of Church Work Parish Mission Activities Repairs, Maintenance and Improvements Administration, Social etc. |
2020 £ 91,635 7,121 26,763 32,048 157,567 |
2019 £ 119,604 15,248 15,668 8,675 |
|---|---|---|
| 159,195 |
9. Analysis of support costs
| Interest - LDF Loan & Bank Charges Governance costs (including examiner’s fees) |
2020 £ - 1,224 1,224 |
2019 £ 2,085 10,592 |
|---|---|---|
| 12,677 |
10. Staff costs and emoluments
Total staff costs for the year ended 31 December 2020 were:
| Salaries and wages Social security costs |
2020 £ 43,714 4,420 48,134 |
2019 £ 18,099 - |
|---|---|---|
| 18,099 |
11. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
8 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued
For the year ended 31 December 2020
12. Tangible fixed assets
| Land and | Fixtures and | ||
|---|---|---|---|
| Cost or valuation | Buildings | Fittings | Total |
| £ | £ | £ | |
| At 01 January 2020 | 1,133,034 | - | 1,133,034 |
| Additions | - | 270 | 270 |
| At 31 December 2020 | 1,133,034 | 270 | 1,133,304 |
| Net book values | |||
| At 31 December 2020 | 1,133,034 | 270 | 1,133,304 |
| At 31 December 2019 | 1,133,034 | - | 1,133,034 |
13. Debtors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Amounts due within one year: | ||
| Trade debtors | 40 | - |
| Prepayments and accrued income | 3,500 | 3,500 |
| 3,540 | 3,500 | |
| Creditors: amounts falling due within one year | ||
| 2020 | 2019 | |
| £ | £ | |
| Trade creditors | 639 | 913 |
| Other creditors | 600 | 600 |
| Accruals and deferred income | 3,024 | 1,800 |
| 4,263 | 3,313 | |
| Creditors: amounts falling due after more than one year | ||
| 2020 | 2019 | |
| £ | £ | |
| Loans and overdrafts | 31,048 | 50,798 |
| Other creditors | 22,744 | - |
| 53,792 | 50,798 |
14. Creditors: amounts falling due within one year
15. Creditors: amounts falling due after more than one year
9 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year ended 31 December 2020
16. Movement in funds
Unrestricted Funds
| General General Funds Unrestricted Funds - Previous year General General Funds |
Balance at 01/01/2020 £ (15,989) (15,989) Balance at 01/01/2019 £ (14,327) (14,327) |
Incoming resources £ 156,517 156,517 Incoming resources £ 157,533 157,533 |
Outgoing resources £ (157,567) (157,567) Outgoing resources £ (159,195) (159,195) |
Balance at 31/12/2020 £ (17,039) |
|---|---|---|---|---|
| (17,039) | ||||
| Balance at 31/12/2019 £ (15,989) |
||||
| (15,989) |
Purpose of unrestricted Funds General Funds
For general purpose use at the discretion of the PCC.
Restricted Funds
| Restricted Funds Restricted Funds - Previous year Restricted Funds |
Balance at 01/01/2020 £ 1,138,762 1,138,762 Balance at 01/01/2019 £ 1,138,762 1,138,762 |
Balance at 31/12/2020 £ 1,138,762 |
|---|---|---|
| 1,138,762 | ||
| Balance at 31/12/2019 £ 1,138,762 |
||
| 1,138,762 |
10 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year ended 31 December 2020
Purpose of restricted funds
Restricted Funds
For restricted purposes only
17. Analysis of net assets between funds
| Unrestricted funds General General Funds Restricted funds Restricted Funds Previous year Unrestricted funds General General Funds Restricted funds Restricted Funds |
Tangible fixed assets £ - 1,133,304 |
Net current Creditors > Net Assets assets / one year (liabilities) £ £ £ 42,211 (53,792) (11,581) - - 1,133,304 |
|---|---|---|
| 1,133,304 | 42,211 (53,792) 1,121,723 |
|
| Tangible fixed assets £ - 1,133,034 |
Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ 40,537 (50,798) (10,261) - - 1,133,034 |
|
| 1,133,034 | 40,537 (50,798) 1,122,773 |
11 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Notes to the Financial Statements Continued For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Donations - Gift Aid Collections Open Plate Donations Non-Gift Giving HMRC Gift-Aid Claims Other Donations (Community Hall) Grants - London Diocesan Fund Gov Grant - CJRS Charitable activities 42 Birchington Road Rent Aerial Income Church Hall Lettings Hire of Church Rooms, Church & Lower Vestry Fees Bible Reading Fellowship Parking Other trading activities Fund raising events Income from Other Trading Income Investments Bank interest receivable Other income Sundry Income Total incoming resources EXPENDITURE Charitable activities Diocesan Common Fund Staff costs - wages & salaries Property Running Costs Church Running Expenses Upkeep of Services |
2020 £ 12,795 21,828 1,417 - 10,740 3,500 500 8,184 58,964 34,996 33,196 21,583 2,257 1,063 186 - 93,281 2,218 259 2,477 - - 1,795 1,795 156,517 (18,385) (33,738) (6,719) (5,205) (637) |
2019 £ 570 19,214 2,480 382 - - - - |
|---|---|---|
| 22,646 72,256 33,196 23,500 1,443 2,688 153 210 |
||
| 133,446 - - |
||
| - 67 |
||
| 67 1,374 |
||
| 1,374 | ||
| 157,533 (54,000) (11,387) (7,411) (12,837) (1,281) |
12 of 14
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Detailed Statement of Financial Activities For the year ended 31 December 2020
| S Total resources expended Insurance Church Hall Running Costs Clergy and Vicarage Expenses Cost of grant funded charitable activity Parish Mission Activities Costs Organ Expenditure Organist & Pianist, Singers & Choir Costs Church Repairs & Maintenance Property Repairs & Maintenance Rent Catering, Social & Sundry Charges Staff costs - wages & salaries Staff costs - social security costs Telephone Print, Post & Stationeries Grants/Donations Insurance Travel Legal Fees Accountancy Fees Other Office Costs Adverting & Publicity Books & Publications Subscriptions Bank Interest Catering & Social UPPORT COSTS Interest - LDF Loan & Bank Charges Interest - LDF Loan & Bank Charges Governance costs Independent Examiner's Fees Professional Fees: Legal, Accountancy & Bookkeeping Administration Expenses |
(157,567) (3,233) (21,674) (820) - (1,890) - (5,231) (10,255) (15,450) (1,058) - (9,976) (4,420) (131) (345) (257) (8,588) (99) (469) (3,385) (881) (256) (257) (1,461) (304) (1,219) (156,343) - - (1,224) - - (1,224) |
(13,546) (3,145) (2,755) (565) (4,735) (1,808) (8,705) (11,988) (3,680) - (1,963) (6,712) - - - - - - - - - - - - - - |
|---|---|---|
| (146,518) (2,085) |
||
| (2,085) - (2,606) (7,986) |
||
| (10,592) | ||
| (159,195) |
13 of 14 This page does not form part of the statutory financial statements
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ALL SOULS KILBURN Detailed Statement of Financial Activities Continued For the year ended 31 December 2020
(1,050) (1,662)
Net Expenditure
14 of 14 This page does not form part of the statutory financial statements