2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Paul's Knightsbridge

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Anno a I Report ofthe Parochia I Church	Council	1-7
Independent Examiners' Report
Statement of Financial Activities
Balance Sheet		10
Statement of Cash Flows
Notes to the Financial Statements		12-20

Chairman:			The Reverend	Canon Alan Gyle-Vicar ofthe Parish t	Canon Alan Gyle-Vicar ofthe Parish t
Churchwardens:			Lorna Gradden	t	- Vice chair
			Robert Clouston		t
Secretary:			Philip Davies
Treasurer:			Noel Craven
Electoral	Roll Officer:		lago Griffith
Safeguarding Officer;			David Hayton
Children's		Advocate:	Virginia Craven	(until 24 May 2022)
			Louisa Dickerson		(from 24 May 2022)
PCC Members:						r denotes Standing	Committee	member
Until APCM 2022			Noel Craven t
			David Hayton
			Anna Keighley t
			Melissa Longley
			Robert Thomas
Until APCM 2023			Serena Butt
			Tempe Brickhill	t
			Sophia Galitzine
			Aidan Linton-Smith		(deceased 5January 2023)
			Rupert Powell
Until APCM		2024	Hobson garnes
			Claudio Cornini
			Jamie De Freitas
			David Kemmis Betty
			Jean Woolley t
Until APCM		2025	Roland Brunner
			Lawson Crawford
			Louisa Dickerson
			Thomas Tull
			Rachel Vosper

Potential	Risk	Risk	Potential Impact				Steps to mitigate risk
Security of		assets	~ loss or damage				~ review security arrangements
			~ theft ofassets				~ asset register and inspection			programme
							~ review insurance cover
Fund-raising			~ unsatisfactory returns				~ implement appraisal,	budgeting			and		authorisation
			~ lower number ofdonations		due		procedures
			to cost of living challenges				~ review regulatory compliance
			~ reputational risks ofcampaign			or	~ monitor the adequacy	of	financial			returns achieved
			methods used				~ stewardship review
			~ actions ofagents and
			commercial fund-raisers
			~ compliance with law and
			regulation
Disaster recovery and			~ computer system failures or loss				~ agree ITrecovery plan
planning			ofdata				~ implement data back	up	procedures				and security
			~ destruction ofproperty,				measures
			equipment, records through		fire,		~ review insurance cover
			flood or similar damage				~ create disaster recovery		plan
Cash flow	sensitivities		~ inability to meet commitments				~ ensure adequate cash	flow projections						(prudence	of
			~ lack of liquidity to cover variance				assumptions)
			in costs				~ identify major sensitivities
			~ impact on operational	activities			~ ensure adequate information			flow		from		operational
							managers
							~ monitor arrangements	and reporting
Building facilities not			~ reduction in use of building		by		~ focus on fundraising efforts for				the	capital appeal
suitable for		meeting	third parties resulting in	reduced
increased	requirements		income
ofpotential		hirers.

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					2021
	Note
Fixed assets
Tangible fixed assets			72,111		80,073
Current assets
Debtors	7	87,851		50,909
Cash at bank and in Hand		120531		~109 162
		208,832		160,071
Creditors
Amounts falling due within one year	8	107073		92753
Net current assets			101309		67318
Net assets			173420		147391
Parish Funds
Unrestricted	9		183,108		227,997
Restricted	10		(19,688)		( 90,606)
Endowment	10		10000		~10000
			173420		147391

						2021	2021
Cash (used)/ from operating	activities (see below)			11,192			(33,908)
Cash flows (used in)/ from investing activities
Interest receivable		177			108
Payments to acquire tangible	fixed assets				L88354
Cash (used in)/from investing	activities			177			~8246
Net cash (outflow)/inflow				11,369			(42,154)
Cash and cash equivalents at 1January 2022			109162				151316
Cash and cash equivalents at	31December 2022		~120531				100162
Cash (used in)/provided by operating activities
Net (expenditure)/income				26,029		(	47,212)
Interest received shown in investing activities			(	177)		(	108)
Depreciation				7,962			9,368
Decrease/(increase) in debtors			(36,942)				374
Increase(Decrease) in creditors				14320			~3670
				11192			33908

Leasehold Church hall		—Straight	line over 68years
Improvements to basement	flat	—Straight	line over 7years
Organ restoration		—Straight	line over 10or 20years
Movable Church furnishings		—Straight	hne over 20years
Furniture, fittings &equipment		—Straight	line over 4or 7years

Activities	for generating
Car Park	Income	50,173		50,173	54,220
Network	rental income	18,961		18,961	17,731
Events		2 484		~2484	954
		71618		~71618	72 905
Totalincome		483118	149572	632 690	14941

					Unrestricted	Restricted	Total	Total
					Funds	Funds	2022	2021
					E	E	E	E
3(a)	Raising Funds
	Fundraising				2 241		~2241	971
					2 241		~2241	971
3(b)	Church Activities
	Common Fund				94,000		94,000	93,750
	Incumbent Costs				604		604	557
	Vicarage Expenses				16,807		16,807	1,913
	Assistant Staff —Non-Stipendiary				4,800		4,800	4,800
	Church Running Costs				44,142		44,142	33,342
	Church Maintenance				17,166		17,166	37,270
	Upkeep ofServices				3,843		3,843	1,936
	Hall Costs				5,452		5,452	4,288
	Music Staff & Choir				47,964		47,964	58,016
	Special Service Music Fees				53,426		53,426	44,845
	Hall Rental				17,599		17,599	18,096
	Staff Costs				159,447	26,975	186,422	132,781
	Parish Office Expenses				50,219		50,219	43,230
	Other Support Costs				3,535		3,535	1,558
	Other Professional	Services			9,455		9,455	9,198
	Programme Costs				4,752		4,752	291
	Independent Examination		and acc	ountancy	5,649		5,649	5,000
	Depreciation				7,962		7,962	9,368
	Video equipment	installation			6,944	5,000	11,944	55,501
	Lent Appeal					1,170	1,170	1,050
	Music Appeal					10,031	10,031	4,392
	Vicar's discretionary					1,500	1,500
	Dunhill Fund					28	28
	Greener Futures					1,192	1,192
	Healthy Healing Hub					213	213
	Liturgy & Music Scholar Scheme					4,145	4,145
	ECLAS Scientist					400	400
					553 766	~50 654	~604420	561182
	Total expenditure				556007	5 654	606661	562 153

	2022	2021
	E	E
Wages and salaries	162,009	104,759
Pension costs	12,636	7,943
Social security costs	10,826	7,644
	185471	120346

The PCC made the	following	2022	2021
		E	E
Bishop of London's	Lent Appeal	1170	~1050
Total grants		1170	1II10

	Leasehold	Leasehold	Improvements		Moveable	Furniture,
	church		to basement	Organ	church	fittings &
	hall		flat	restoration	furnishings	equipment	Total
	E		E	E	E	E	E
Cost or Valuation
At 1stJanuary 2022	100,000		13,190	137,870	19,695	194,737	465,492
Additions
At 31st December 2022	100	000	13190	~137870	~19695	194737	465 492
Depreciation
At 1stJanuary 2022	38,235		13,190	137,870	14,740	181,384	385,419
Charge for the year	1	471			699	5 792	7962
At 31st December 2022	~39	706	13 190	137870	15439	187176	393381
Net Book Value
At 31st December 202Z	6	294			4 256	7 561	72 111
At 31st December 2021	61	765			4 955	13353	007

		2022	2021
		E	E
Income tax recoverable		27,498	8,980
Other debtors		43,009	34,668
Prepayments	and accrued income	17344	~7261
		87851	50909

						2022	2021
						f	f
Other creditors						25,398	13,956
Accruals and deferred		income				76,414	74,161
Social security and other			taxes			5 261	4 636
						107073	92 753
ESTRICTED FUNDS
							Total
2022					General	Fixed Asset	Unrestricted
					Fund	Fund	Funds
					2022	2022	2022
					f	f	f
Income					483,118		483,118
Expenditure					(548045)	( ~7962)	(556007)
Net income/(expenditure)					( 64,927)	( 7,962)	(72,889)
Transfers					~28 000		28 000
Net movement	in funds				( 36,927)	( 7,962)	( 44,889)
Balance brought	forward		at 1"January	2022	147924	80073	~227 997
Balance carried	forward		at31"December 2022		~110997	72 111	183108
							Total
2021					General	Fixed Asset	Unrestricted
					Fund	Fund	Funds
					2021	2021	2021
					E	E	E
income					407,627		407,627
Expenditure					(4~77002	( ~9368	(~486370
Net income/(expenditure)					( 69,375)	(9,368)	(78,743)
Tronsfers					~21436	~8354	29790
Net movementin	funds				(47,939)	(1,014)	(48,953)
Balance brought	forward		at 1"January	2021	~195863	81087	276950
Balance carried	forward		at 31*'December 2021		147924	80073	227977

2022						Brought	Income	Expenditure	Transfers	Transfers	Carried
						forward					forward
						2022	2022	2022	2022		2022
						E	E	E	E		E
Restricted Funds
Dunhill Medical	Trust					1,754	146	(28)			1,872
Eric Day Fund						34,702					34,702
Vicar's Discretionary				fund		10,217		(1,500)			8,717
Music Fund						4,826	34,455	(10,031)	(28,000)		1,250
Capital project	fund					(160,136)					(160,136)
John King Church		Plate Fund				8,500					8,500
Mental Health	First Aid Programme					7,872					7,872
Lent Appeal							1,183	(1,170)			13
QUEST fund						1,659	26,666	(26,975)			1,350
Video Equipment			Installation		Grant		5,000	(5,000)
Greener Futures							29,850	(1,192)			28,658
Healthy Healing		Hub					10,000	(213)			9,787
I iturgy and Music			Scholar Scheme				37,272	(4,145)			33,127
ECLAS Scientist							5 000	~400			4 600
						( 90606)	~149572	(50654)	(28	000)	(19688)
2021						Brought	Income	Expenditure	Transfers		Carried
						forward					forward
						2021	2021	2021	2021		2021
						E	E	E	E		E
Restricted Funds
Dunhiii Medical	Trust					1,748					1,754
Eric Day Fund						34,702					34,702
Vicar's Discretionary				fund		10,217					10,217
Music Fund						4,750	34,468	(4,392)	(30,000)		4,826
Capital project	fund					(160,136)					(160,136)
John King Church		Plate Fund				8,500					8,500
Mental Health	First Aid Programme					7,872					7,872
Lent Appeal							840	(1,050)		210
QUESTfund							32,000	(30,341)			1,659
Video Equipment		Installation			Grant	(~92 47	40000 ~31	~40000 (~75 783	(29	790)	(9~0606
2022						Brought	Income	Expenditure	Transfers		Carried
						forward					forward
						2022	2022	2022	2022		2022
						E	E	E	E		E
Endowment Funds Dunhiil Capital Fund						~10					10000
2021						Brought	Income	Expenditure	Transfers		Carried
						forward					forward
						2021	2021	2021	2021		2021
						E	E	E	E		E
Endowment Funds
Dunhiii Capital	Fund					10000					10000

2022		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
		2022f	2022 f	2022 f	2022 f
Fixed assets		72,111			72,111
Current	assets	198,382		10,000	208,382
Current	liabilities	( 87 385)	L119688		( 107073)
		183108	(~196 8)	10000	173420
2021		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
		2021	2021	2021	2021
		E	E	E	E
Fixed assets		80,073			$0,073
Current Current	assets liabilities	150,071 (~2147 227997	L990606 (~~96	10,000 ~10000	160,071 (~92 753 ~1

		2022	2021
		f	f
Within one year		26,601	26,601
After one year	but within five years	31241	56 725
		57842	83326
The operating	lease charges for the year were:
Land		17,321	17,321
Other		~9280	9280
		~26 6 1	26 601