| A. S |
pecial Servi | ces held in the y | ear | ||
|---|---|---|---|---|---|
| StGeorge' s | Grosvenor | Chapel | |||
| Baptisms | 5(14) | 6(14) | |||
| Weddings | 8 marriage | blessings | 2 (13) | 2 (5) | |
| Funerals | 8 memorials | 1 (2) | 4 (3) | ||
| Confirmations | 4 (0) | 0 (0) | |||
| Admission | to Holy Communion | 0 (0) | 0 (0) |
| Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Endowment | Funds | Unrestricted | Restricted | Endowment | Funds | |
| Funds | Funds | Funds | 2020 | Funds | Funds f |
Funds | 2019 | ||
| Income from: | |||||||||
| Donations and legacies |
2a | 334,577 | 58,788 | 393,365 | 253,044 | 71,270 | 324,314 | ||
| Other trading activities |
2b | ||||||||
| Investment income |
2C | 147,764 | 65,251 | 213,015 | 146,346 | 80,834 | 227,180 | ||
| Church activities income | 2d | 78,172 | 78,172 | 198,711 | 198,711 | ||||
| Other income | 2e | 36,847 | 36,847 | 20,326 | 20,326 | ||||
| Total income | 597,360 | 124,039 | 721,399 | 618,427 | 152,104 | 770,531 | |||
| Expenditure on: |
|||||||||
| Church activities expenditure | 3a | 475,768 | 132,895 | 608,663 | 527,179 | 130,140 | 657,319 | ||
| Raising funds | 3b | 68,694 | 68,694 | 76,030 | 76,030 | ||||
| Total expenditure | 544,462 | 132,895 | 677,357 | 603,209 | 130,140 | 733,349 | |||
| Gain on revaluation of |
|||||||||
| investment property |
144,000 | 144,000 | |||||||
| Gain/(Loss) on investments |
3,387 | - | (280,600) | (277,213) | 7,505 | 230,483 | 237,988 | ||
| Net Income / (expenditure) |
|||||||||
| before transfers | 56,285 | 135,144 | (280,600) | (89,171) | 22 723 | 21,964 | 230,483 | 275,170 | |
| Transfer offunds | (1,250) | 1,250 | 32,313 | (32,313) | |||||
| Net movement in funds |
55,035 | 136,394 | (280,600) | (89,171) | 55,036 | (10,349) | 230,483 | 275,170 | |
| Reconciliation offunds: |
|||||||||
| Total funds brought forward |
350,310 | 2,773,944 | 1,617,347 | 4,741,601 | 295,274 | 2,784,293 | 1,386,864 | 4,466,431 | |
| Total funds carried forward | 405,345 | 2,910,338 | 1,336,747 | 4,652,430 | 350,310 | 2,773,944 | 1,617,347 | 4,741,601 |
| Notes | 2020 | 2019 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible fixed assets | 45,744 | 50,076 | ||
| Investments | 4,172,029 | 4,305,242 | ||
| 4,217,773 | 4,355,318 | |||
| LONG TERM DEBTORS | 1,877,525 | 1,833,837 | ||
| CURRENT ASSETS | ||||
| Debtors | 58,900 | 65,953 | ||
| Short term deposits | 44,424 | 44,236 | ||
| Cash at bank and in hand | 317,580 | 335,313 | ||
| 420,904 | 445,502 | |||
| CREDITORS: amounts | falling due within one year | (112,246) | (130,018) | |
| NET CURRENT ASSETS | 308,658 | 315,484 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 6,403,956 | 6,504,639 | ||
| CREDITORS: amounts | falling due more than one year | (1,751,526) | (1,763,038) | |
| NET ASSETS | 4,652,430 | 4,741,601 | ||
| FUNDS: | ||||
| Unrestricted funds |
12 | 405,345 | 350,310 | |
| Restricted funds | 11 | 2,910,338 | 2,773,944 | |
| Endowment funds |
11 | 1,336,747 | 1,617,347 | |
| 4,652,430 | 4,741,601 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Cash (used in) operating activities (see below) |
(128,287) | (191,197) | ||||
| Cash flows from investing activities |
||||||
| Interest and dividends received |
110,742 | 133,568 | ||||
| Payments to acquire tangible fixed assets |
(30,777) | |||||
| Cash provided by investing activities |
110,742 | 102,791 | ||||
| Net cash (outflow) | (17,545) | (88,406) | ||||
| Cash and cash equivalents at 1 January |
2020 | 379,549 | 467,955 | |||
| Cash and cash equivalents at 31 December |
2020 | 362,004 | 379,549 | |||
| Cash flows from operating activities: |
||||||
| Net (expenditure)/income | (89,171) | 275,170 | ||||
| Interest and dividends received shown |
in investing | activities | (110,742) | (133,568) | ||
| Depreciation | 4,332 | 4,869 | ||||
| Unrealised (gain) on revaluation of investment |
property | (144,000) | ||||
| Unrealised loss/(gain) on revaluation of investments |
277,213 | (237,988) | ||||
| (Increase) in debtors |
(36,635) | (351,850) | ||||
| (Decrease)/increase in creditors |
(29,284) | 252,170 | ||||
| Cash (used in) for operating activities |
(128,287) | (191,197) |
| 2 INCOME |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2020 | 2019 | ||
| funds | funds | funds | Total | Total | ||
| E | ||||||
| a]Donations and legacies |
||||||
| Gift Aid and tax | recoverable | 18,657 | 18,657 | 19,087 | ||
| Collections | 46,105 | 46,105 | 61,747 | |||
| Grants | 199,954 | 199,954 | 140,618 | |||
| Donations | 59,861 | 58,788 | 118,649 | 95,362 | ||
| Legacies | 10,000 | 10,000 | 7,500 | |||
| 334,577 | 58,788 | 393,365 | 324,314 | |||
| b] Other trading activities |
||||||
| Fundraising | ||||||
| c)Investment | income | |||||
| Interest and dividends | 45,491 | 65,251 | 110,742 | 133,568 | ||
| Rents receivable | 102,273 | 102,273 | 93,612 | |||
| 147,764 | 65,251 | 213,015 | 227,180 | |||
| d] Church activities | ||||||
| Fees | 28,955 | 28,955 | 53,723 | |||
| Music and concerts | 10,291 | 10,291 | 47,195 | |||
| Church Hall lettings |
9,538 | 9,538 | 39,243 | |||
| Flower stall and | car parking | 29,388 | 29,388 | 58,550 | ||
| 78,172 | 78,172 | 198,711 | ||||
| e]Other income | ||||||
| Cost recoveries | 26,714 | 26,714 | 14,859 | |||
| Vat recoverables | 4,273 | 4,273 | ||||
| CJRS income | 4,060 | 4,060 | ||||
| Other income | 1,800 | 1,800 | 5,467 | |||
| 36,847 | 36,847 | 20,326 | ||||
| Total income | 597,360 | 124,039 | 721,399 | 770,531 |
| Unrestricted | Restricted | Endowment | 2020 | 2019 | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | |
| E | E | E | |||
| a]Church activities | |||||
| Ministry: Diocesan quota | 111,347 | 111,347 | 126,953 | ||
| Ministry: Rector's and verger's | |||||
| accommodation | 3,302 | 8,222 | 11,524 | 10,027 | |
| Church running costs |
86,375 | 1,229 | 87,604 | 100,913 | |
| Church maintenance | 95,984 | 58,913 | 154,897 | 72,587 | |
| Choir and organist | 18,601 | 46,296 | 64,897 | 123,078 | |
| Staff and other staff related costs | 116,855 | 216 | 117,071 | 139,586 | |
| Grants and other giving | 1,134 | 18,019 | 19,153 | 39,140 | |
| Office running costs |
7,858 | 7,858 | 17,691 | ||
| Accountancy fees | 12,055 | 12,055 | 14,698 | ||
| Audit fees | 8,952 | 8,952 | 8,640 | ||
| Professional fees | 9,893 | 9,893 | 4,006 | ||
| Other | 3,412 | 3,412 | |||
| 475,768 | 132,895 | 608,663 | 657,319 | ||
| b] Raising funds | |||||
| Investment property costs |
19,007 | 19,007 | 18,041 | ||
| Interest on loan from Hyde Park | |||||
| Place Estate Charity | 48,487 | 48,487 | 57,869 | ||
| Publicity | 1,200 | 1,200 | 120 | ||
| 68,694 | 68,694 | 76,030 | |||
| Total expenditure | 544,462 | 132,895 | 677,357 | 733,349 |
| 4 STAFF COSTS |
|||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Total staff costs comprise the following: | |||||||
| Wages and Salaries | 100,176 | 111,669 | |||||
| Social security costs | 1,738 | 3,465 | |||||
| Pension costs | 1,073 | 12,249 | |||||
| Other staff costs | 13,868 | 10,623 | |||||
| 116,855 | 138,006 | ||||||
| Numbers ofemployees |
by headcount | ||||||
| During the year none of | the employees | was paid more | than 860,000 | ||||
| per year. | |||||||
| Aggregate employee benefits ofthe Key Management |
Personnel | were | 53,075 | 37,432 | |||
| 5 TANGIBLE FIXEDASSETS |
|||||||
| Ministry | Computer | Total | |||||
| equipment | Valuables | Piano | equipment | ||||
| R | R | ||||||
| COST | |||||||
| Brought forward 1 January |
2020 | 42 752 | 7,435 | 15,250 | 21,062 | 86,499 | |
| Carried forward 31 December 2020 | 42,752 | 7,435 | 15,250 | 21,062 | 86,499 | ||
| ACCUMULATED DEPRECIATION |
|||||||
| Brought forward 1 January |
2020 | 3,348 | 15,250 | 17,825 | 36,423 | ||
| Charge for the year | 2,512 | 1,820 | 4,332 | ||||
| Carried forward 31 December 2020 | 5,860 | 15,250 | 19,645 | 40,755 | |||
| Net book value —31 December 2020 | 36,892 | 7,435 | 1,417 | 45,744 | |||
| Net book value- 31 December 2019 | 39,404 | 7,435 | 3,237 | 50,076 |
| Investment | Quoted | Total | |||
|---|---|---|---|---|---|
| property E |
investments f |
||||
| Market value at 1 January | 2020 | 2,640,000 | 1,665,242 | 4,305,242 | |
| Unrealised (loss) |
(277,213) | (277,213) | |||
| Gain on revaluation of investment property |
144,000 | 144,000 | |||
| Market value at 31 December 2020 | 2,784,000 | 1,388,029 | 4,172,029 | ||
| There were no additions | or disposals | of investments | in the year. | ||
| 2020 | |||||
| Investments comprise the following:- |
|||||
| Investment shares in the |
Central Bond of Finance | ||||
| ofthe Church of England | 50,973 | ||||
| 3.5'/0 War loan | 310 | ||||
| MBG Securities Charifund | income units | 1,336,746 | |||
| Flats 38 7Grosvenor Hill Court, London, W1 |
2,784,000 | ||||
| 4,172,029 |
| 7 DEBTORS |
||
|---|---|---|
| 2020 | 2019 | |
| E | E | |
| Debtors due after more than one year: | ||
| Amounts owed by SGHS Enterprises |
1,877,525 | 1,833,837 |
| Debtors due in less than one year: | ||
| Prepayments and accrued income |
44,721 | 13,957 |
| Other debtors | 14,179 | 51,996 |
| 58,900 | 65,953 | |
| Total debtors | 1,936,425 | 1,899,790 |
| 8 CREDITORS |
||
| 2020 | 2019 | |
| F | ||
| Creditors due within one year: | ||
| Other creditors | 19,034 | 33,250 |
| Accruals and deferred income |
31,215 | 33,652 |
| Loan from the Hyde Park Place Estate Charity | 60,000 | 60,000 |
| HMRC creditors | 1,997 | 3,116 |
| 112,246 | 130,018 | |
| Creditors due after more than one year: | ||
| Loan from the Hyde Park Place Estate Charity | 1,751,526 | 1,763,038 |
| Total creditors | 1,863,772 | 1,893,056 |
| 10 ANALYSIS OF NET ASSET |
S BYFUND | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | ||
| F | ||||
| Tangible fixed assets | 45,744 | 45,744 | ||
| Investments | 255,282 | 2,580,000 | 1,336,747 | 4,172,029 |
| Long term debtor | 1,877,525 | 1,877,525 | ||
| Net current (liabilities)/assets | (21,680) | 330,338 | 308,658 | |
| Long term liability | (1,751,526) | (1,751,526) | ||
| Total | 405,345 | 2,910,338 | 1,336,747 | 4,647,230 |
| 1 January | Income | Expenditure | Unrealised | Transfers | 31 December | |
|---|---|---|---|---|---|---|
| 2020 | gain | 2020 | ||||
| E | ||||||
| Burial Ground Fund |
(327) | 65,251 | (53,164) | 11,760 | ||
| Chapel external redecoration |
27,205 | 21,526 | (47,382) | 1,349 | ||
| Chapel flooring | 11,384 | (11,384) | ||||
| Chapel Organ fund |
495 | 4,946 | 5,441 | |||
| Chapel Priest in charge discretion |
30,650 | (5,198) | 25,452 | |||
| Chapel Special collections |
3,496 | 5,445 | (5,100) | 3,841 | ||
| Church Organ Fund |
8,750 | 1,250 | 1,250 | 11,250 | ||
| Church Special collections |
826 | (200) | 626 | |||
| Homeless vouchers |
8,626 | 14,000 | (4,000) | 18,626 | ||
| Hymns and Pimms |
3,163 | 65 | (32) | 3,196 | ||
| Music for special services |
1,300 | 11,556 | (3,490) | 9,366 | ||
| Organ Scholar Fund Pilgrimage RAA Art Project |
3,640 119 951 |
(2,000) | 1,640 119 951 |
|||
| Rector & Church Wardens Property |
2,640,000 | 144,000 | 2,784,000 | |||
| Sound System Fund |
357 | (147) | 210 | |||
| South Street Fund Vestments Fund |
30,189 2,020 |
30,189 2,020 |
||||
| Westminster Foundation |
1,100 | (798) | 302 | |||
| Total | 2,773,944 | 124„039 | (132,895) | 144,000 | 1,250 | 2,910,338 |
| 12 UNRESTRI |
CTED FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| 1January | Income | Expenditure | Gains | on | Transfers | 31 December | |
| 2020 | investments f |
2020 E |
|||||
| General Funds | 230,310 | 597,360 | (544,462) | 3,387 | (1,250) | 285,345 | |
| Designated | |||||||
| Funds | |||||||
| Chapel external | |||||||
| redecoration | 120,000 | 120,000 | |||||
| 350,310 | 597,360 | (544,462) | 3,387 | (1,250) | 405,345 |