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 -----**
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............................................................................. 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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