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|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)||
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||||||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)|
##
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|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|
##
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##
|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|
##
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|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|
##