##
##
||||||
|---|---|---|---|---|
|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|on public benefit when|planning|and reviewing|activities,|and|
|---|---|---|---|---|---|---|---|---|---|
|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.|||||||||||||
##
##
##
##
##
||||10
0|IV
IQ
O
IV|||I
«I
ID
1«1«m|I
«I
ID
1«1«m|I
«I
ID
1«1«m|00
I||||||rQ
Cl
ID||DI
Cl|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||0||||||||||||||||||
||||IO||||||||||||||||||
||||E|QO|||||||||||||||||
||||0|V|W||||||||||||||||
||||L||||||||||||||||||
||||0|||||||||||||||00|||
||||Cl
V||||IIll
Dlr|||||||||||Gh
CI
I|||
||||Ql||||||||||||||||||
||||Cl||||||||||||||||||
||||CI||||trt|I|«I|00|||||||||||
||||IJ||||||||||||||||||
|||||L|Ill||ID||«r||||||||||||
||||||||I||M||||||||||||
||||ClILD||||||||||||||||||
||||jg
P
0|Irl
rc
O
rc|||00
m
I
I|«r
«I
M|w
ID
IV
IO
lrl|m
'Ir
I
ID
I||||||M
Dl
\Do||ID
m
Dl
ID
Cl|||
||||00
E
0|w
QQL
IL|W|||||||||||||oo
o|||
|||||||||||||||||m|||||
||||'C
«I|C|W||ID
00|||||||||m
\0|]||||
||||Cl||||||||||||||||||
||||IL'||||||||||||||||||
||||||||ID|«I|w|m||||||m|||||
||||Cl
QI|w0L|W||Dl
I«
DI|A|Ill
1«
trl
M|ID||||||Dl
IDo
ID|||||
||||10||||||||||||||||||
||||L||||||||||||||||||
|||llew
r«I
C&|||00Z||tO|JO
IV|u
I«|'10|||IO
M|JO
m|||||||
|||DC|||||||||||||||||||
||VI
UJ)|UJ
UJ|||||||||||||||||o|!Vo
IO|
||UJ|||||||||||||||||||E|
|0||rn||||||||'0|||||||||IO
C|V
10o|
|UI
00
I-
&
5
Z
+
UG|Z
Z
U
~
O
Z
UJ
UJ
i
I/I|Z
Z
IU
IC
LU
0
U-||||0
Cl
E
80|Gl
0
),
L
0|L
E
I
Ql)
**C**|«I
)
IO
c
V
Cu|L
00
C
IG
tOL
Ql00
0
I
Gl
Il
«I|Ql
E
IQ
0|L0
Cl
L
Cl
X
Ul|N
C
tl0
0
N
Ix|«I
QI
V
Ql
C
V
$ u|Ql
L
IO0.
X
Cl
Cl
0|Cl
C
Cl
X
10
tll
E
V0
GlZ|QO
C
Gl03
Gl
JQ
Gl
«
8
Ql|'Cl
4
L
L
Cl
E
0
EI
ClR|Ql0
30
4
00
0
8|trl
010
I
10
0
0
Cl
ICIJ
C
0|
||||2023|||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|
|||||||2023||||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|grants|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|
##