2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Paul's Knightsbridge

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Contents				Page
Annual Report ofthe Parochial		Church	Council	1-7
Independent	Examiners' Report
Statement of	Financial Activities
Balance Sheet				10
Statement of	Cash Flows
Notes to the Financial Statements				12-22

Officers:
Chairman:		The Reverend Canon Alan Gyle —Vicar	ofthe	Parish t
Churchwardens:		Lorna Gradden t —Vice chair
		Robert Clouston t (until 14Moy 2023)
		Gregory Walker 0 (from 15Moy 2023)
Treasurer:		Noel Craven t(unti(14 Moy2023) Humphrey Percy f(from 15Moy 2023)
Safeguarding Officer:		David Hayton
Children's Advocate:		Louisa Dickerson
				f denotes Standing		Committee		member
PCC Members:
Until APCM 2023:		Until APCM 2024:	Until APCM 2025:		Until APCM		2026:
Serena Butt		Hobson Barnes	Roland	Brunner	Patricia Dopheide
Tempe Brickhill t		Claudio Cornini	Lawson	Crawford	Ben	Furnival
Sophia Galitzine		Jamie De Freitas	Louisa	Dickerson	David Hayton
Aidan Linton-Smith	(dec.	David Kemmis Betty	Thomas	Tull	Humphrey		Percy t
5Jon	2023)	Jean Woolley t	Rachel	Vosper	Sarah Raynor
Rupert Powell

The PCC have	due regard to Charity Commission	due regard to Charity Commission	due regard to Charity Commission	guidance
are confident	that the activities outlined in this report deliver public benefit.
ADMINISTRATIVE		DETAILS
Bankers			C Hoare & Co
			32 Lowndes Street
			London
			SW1X9HZ
Independent	Examiners		Jacob Cavenagh	&Skeet
			5 Robin Hood Lane
			Sutton
			Surrey SM1 2SW
Correspondence		Address	The Parish Office
			32a Wilton Place
			London
			SW1X 9SH

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 of campaign			or	~ monitor the adequacy	offinancial			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 sensitivities4;
			~ impact on operational	activities			~ ensure adequate informat(en		flow		from		operational
							managers
							~ monitor arrangements	and reporting
l3uilding 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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					2022
	Note
Fixed assets
Tangible fixed assets			90,100		72,111
Current assets
Debtors		77,141		87,851
Cash at bank and in Hand		49835		120531
		126,976		208,832
Creditors
Amounts falling due within one year	8	~150592		107073
Net current (liabilities)/assets			( 23616)		~101	309
Net assets			6 48		173	420
Parish Funds
Unrestricted	9		137,315		183,108
Restricted	10		( 70,831)		( 19,688)
Endowment	10				10	000
			66484		17	2

									2022
Cash (used in)/provided	by operating			activities (see below)		(	43,856)		11,192
Cash flows from investing		activities
Interest receivable					144			177
Payments to acquire tangible fixed assets					(~26 984)
Cash (used in)/provided	by investing			activities		(	26840)		177
Net cash (outflow)/inflow						(	70,696)		11,369
Cash and cash equivalents		at1January		2023		~120531			109162
Cash and cash equivalents		at31December 2023				~4835			~12
Cash flows from operating		activities
Net (expenditure)/income						(106,936)			26,029
Interest received shown	in	investing	activities			(	144)		177)
Depreciation							8,995		7,962
Decrease/(increase) in debtors							10,710		(36,942)
Increase in creditors							43 519		~14320
						(~4)			~11192

						Unrestricted	Restricted	Total	Total
						Funds	Funds	2023	2022
						f	f	f	f
2(a)	Voluntary income
	Gift Aided donations					148,910		148,910	137,965
	Grants awarded					6,866	55,000	61,866	2,456
	Other donations					77,413		77,413	77,021
	Income Tax Recovered					40,080		40,080	39,056
	Collections (Open		Plate)			11,827		11,827	15,171
	Legacies					7,820		7,820	5,000
	Music Fund						45,327	45,327	34,455
	Lent Appeal						18,128	18,128	1,183
	Ounhill Medical	Trust income					424	424	146
	QUEST income						24,240	24,240	26,666
	Video Equipment		installation		Grant				5,000
	Greener Futures								29,850
	Healthy Healing	Hub							10,000
	Liturgy and Music		Scholar Scheme				18,046	18,046	37,272
	ECLAS Scientist						5,000	5,000	5,000
	Liturgical Assets						8,300	8,300
	Children's Ministry		Fund				10000	~10000
						292916	~184465	~477 381	426 241
2(b)	Investments
	Bank Interest Receivable			(UK)		144		144	177
						144		144	177
2(c)	Church activities
	Weddings and Rlessings					8,694		8,694	9,039
	Funerals and Memorials					12,978		12,978	22,214
	Special Service Music Fees					54,523		54,523	53,918
	Church Lettings					43,645		43,645	38,900
	Programmes Income					2,310		2,310
	Hall Lettings					9,631		9,631	9,241
	Other Income					~1470		1470	~1342
						133251		133251	~4654
2(d)	Activities for generating			funds
	Car Park Income					48,618		48,618	50,173
	Network rental income					18,878		18,878	18,961
	Events					8 247		8 247	2484
						75743		75 743	71618
	Total income					502 054	1844	~686519	~632690

					Unrestricted	Restricted	Total	Total
					Funds	Funds	2023	2022
					E	E	E	E
3ia)	Raising Funds
	Fundraising				~14516		~14516	2241
					~14516		14516	2241
3(b)	Church Activities
	Common Fund				72,000	25,000	97,000	94,000
	Incumbent Costs				3,329		3,329	604
	Vicarage Expenses				2,851		2,851	16,807
	Assistant Staff —Non-Stipendiary				5,652		5,652	4,800
	Church Running Costs				57,191		57,191	44,142
	Church Maintenance				39,720	30,000	69,720	17,166
	Upkeep ofServices				5,366		5,366	3,843
	Ha I I Costs				1,893		1,893	5,452
	Music Staff8 Choir				10,913	35,000	45,913	47,964
	Special Service Music Fees				55,694		55,694	53,426
	Hall Rental				21,681		21,681	17,599
	Staff Costs				172,114	24,640	196,754	186,422
	Parish Office Expenses				58,670		58,670	50,219
	Other Support Costs				5,179		5,179	3,535
	Other Professional	Services			16,870		16,870	9,455
	Programme Costs				4,275		4,275	4,752
	Independent Examination		and acco	untancy	5,738		5,738	5,649
	Depreciation				8,995		8,995	7,962
	Video equipment installation							11,944
	Lent Appeal					18,201	18,201	1,170
	Music Appeal					10,907	10,907	10,031
	Vicar's discretionary					870	870	1,500
	Dunhill Fund							28
	Greener Futures					30,203	30,203	1,192
	Healthy Healing Hub					6,068	6,068	213
	Liturgy & Music Scholar Scheme					17,003	17,003	4,145
	ECLAS Scientist					9,600	9,600	400
	Children's Ministry	Fund				8,158	8,158
	Mental Heath First	Aid Programme				1,800	1,800
	Capital project fund					13358	13 358
					548 131	~230808	778939	604420
	Total expenditure				~562 647	~230808	793455	06661

	2023	2022
	E	E
Wages and salaries	181,467	162,009
Social security costs	12,207	12,636
Pension costs	8,086	10,826
	201760	185471

The PCC made the	following charitable	following charitable	during the	year:	2023	2022
					E	E
Bishop of London's	Lent Appeal				6,067	1,170
Disaster Emergency	Committee	—Ukraine Appeal			6,067
Disaster Emergency	Committee	—Turkey-Syria	Earthquake	Appeal	6,067
The Guild of Health	Wellbeing	podcast			~1800
Total grants					20 1	1170

	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 2023	100,000	13,190	137,870	19,695	194,737	465,492
Additions				19,034	7,950	26,984
Disposals					( 71942)	( 71942)
At 31st December 2023	~100000	~13190	~137870	~38729	130745	420 534
Depreciation
At 1stJanuary 2023	39,706	13,190	137,870	15,439	187,176	393,381
Charge for the year	1,471			1,755	5,769	8,995
Released on disposal					( 71942)	( 71942)
At 31st December 2023	41177	13190	137870	17194	121003	330434
Net Book Value
At 31st December 2023	58 823			21535	9 742	90100
At 31st December 2022	60294			4 256	7561	72 111

				2023	2022
				E	E
Income tax recoverable				12,547	27,498
Other debtors				41,534	43,009
Prepayments	and	accrued income		~23 060	17344
				77141	87851
DITORS: amounts		falling due within one year
				2023	2022
				f	E
Other creditors				64,287	25,398
Accruals and	deferred		income	78,699	76,414
Social security	and	other taxes		7606	5 261
				150592	107073

				Total
2023		General	Fixed Asset	Unrestricted
		Fund	Fund	Funds
		2023	2023	2023
		E	E	E
Income		502,054		502,054
Expenditure		(553652)	( 8995)	(~562 647)
Net (expenditure)		( 51,598)	( 8,995)	( 60,593)
Transfers		( 12184)	26984	14800
Net movement	in funds	( 63,782)	17,989	( 45,793)
Balance brought	forward at 1"January 2023	110997	72 111	183108
Balance carried	forward at31"December 2023	47 215	90100	137315
				Total
2022		General	Fixed Asset	Unrestricted
		Fund	Fund	Funds
		2022	2022	2022
		E	E	f
Income		483,118		483,118
Expenditure		(~548045)	( ~7962)	(556007)
Net (expenditure)		( 64,927)	( 7,962)	( 72,889)
Transfers		~28000		28000
Net movement	in funds	( 36,927)	( 7,962)	( 44,889)
Balance brought	forward at 1u January 2022	~147924	~80073	227 997
Balance carried	forward at 31"December 2022	110997	72 111

2023						Brought	Income	Expenditure	Expenditure	Transfers	Transfers	Carried
						forward						forward
						2023	2023	2023		2023		2023
						E	E		f	E		E
Restricted Funds
Dunhill Medical	Trust					1,872	424			10,000		12,296
Eric Day Fund						34,702						34,702
Vicar's Discretionary				fund		8,717		(	870)			7,847
Music Fund						1,250	45,327		(45,907)			670
Capital project	fund					(160,136)			(13,358)			(173,494)
John King Church		Plate Fund				8,500				( 8,500)
Mental Health	First		Aid Programme			7,872		(	1,800)			6,072
Lent Appeal						13	18,128	(	18,201)		60
Associate Vicar	Fund			(formerly	QUEST fund)	1,350	24,240	(	24,640)			950
Greener Futures						28,658		(	30,203)	1,545
Healthy Healing	Hub					9,787		(	6,068)			3,719
Liturgy and Music		Scholar Scheme				33,127	18,046	(	17,003)			34,170
ECLAS Scientist						4,600	5,000	(	9,600)
Liturgical Assets							8,300			(7,905)		395
Children's Ministry			Fund				10,000	(	8,158)			1,842
Ministry 8 Maintenance						~19688)	~55000 ~1465	( ~55 000 (H~HR		(~)		( 70831)
2022						Brought	Income	Expenditure		Transfers		Carried
						forward						forward
						2022	2022	2022		2022		2022
						E	f		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
Liturgy and Music		Scholar Scheme					37,272		(4,145)			33,127
ECLAS Scientist							5 000		~400			~4600
						(30065)	149572		(50654)	(~8000)		(~19688)

2023				Brought	Income	Expenditure	Transfers	Carried
				forward				forward
				2023	2023	2023	2023	2023
				E	E	E	f	E
Endowment		Funds
Dunhill	Capital		Fund	10000			(JJLI)
2022				Brought	Income	Expenditure	Transfers	Carried
				forward				forward
				2022	2022	2022	2022	2022
				E	f	E	E	E
Endowment		Funds
Dunhill	Capital		Fund	10000				10 00

		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
		2023	2023	2023	2023
		f	f	f	f
Fixed assets		90,100			90,100
Current	assets	126,976			126,976
Current	liabilities	( 79761)	(70831)		(150592)
		137 315	(70831)		~66 484
		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
		2022 f	2022 f	2022f	2022 f
Fixed assets		72,111			72,111
Current	assets	198,382		10,000	208,382
Current	liabilities	(~87385	~19688		(~107073)
		~18 108	(~688	10009	17742ip

		2023	2022
		f	f
Within one year		26,601	26,601
After one year	but within five years	~4640	~31241
		31241	S7842
The operating	lease charges for the year were:
Land		17,321	17,321
Other		~9280 26601	~9280 ~21