Charlty Regostrallon No. 1135636 ST PAUL'S CHURCH COVENT GARDEN St Paul's Church Bedford St Covent Garden London WC2E 9ED THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN LEGAL AND ADMINISTRATIVE INFORMATION Trustees The Re¢d Simon Grfgg Incumbent Alex Carnpbell Churchwarden Maxirnillan David Della Pura Onorali Lacey Churchwarden Jarnes Ward Deanery Synod Representative Robert Zamp8tli Churchwarden and Deanery Synod Repiesenlatwe Elected Metnber Elected Member Elected Memb8r Elected Member Elected Member El8Cted Member, Treasurer and Vice Chair. Elected Membei Tony Hogg Carol Bavin jenner Hoare Josephlne 8uchan Elizabeth Shaw Marisha Widdas Alison Cattennoule Charlty number 1135638 Regl$tered office and Prlnclpal Addre55 Bedford Street London WC2E 9ED Independent Exarnlner TC GTQUP The Courtyard Shoreham Road Upper B88ding Steyning West Sussex BN44 3TN Banker5 National Westminster Bank plc 34 Henrfella Street Covenl Garden London WC2E 8NL Sollcltors Mackrell Savoy Hill House Savoy Hlll London WC2R OBU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN CONTENTS Page Truste8s' report Independent examlnerfs report Staternent of financial activities Balan sh88l Cash flow staternent Notes to the accounts 10-18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Status The PCC is a COorate body 8slablished by the Church DI England. The PCC OP8Ta18s under tre Parochial Church Council Powers Measur8. The PCC is registered wllh the Charity Commission. Our Charily Cornmission number Ss 1135636. The PCC reIveS incorne from the Holy Trinity Kingsway Trust. The appointment of PCC mèmbers Is govern8d by the Church Representation Rules. The PCC ttFeets throughout the year lo manage the Church affairs and operates a standing committee Ilncurnbenl, Churchwardens, TreasureT, Ben Chamberfain, as Venue Manager and Phil Hunt, as PA lo the Incutnbentl. Incumbent The Rev'd Slmon Grigg Ass15tant Prlest The Rev'd RSchard Syms Church Wardons exander Campbell Max Lacey Robert Zampetii Deanery Synod Represenlatlves Robert Zampetti Jarn8s Ward Ilong tenn sickl Alison Cattermoul8 (Acting Represenlativel Elected Members David Alexander Idled 21 Jun8 20221 Carol Bavin Josephine Buchan Allson Catterrnoule Jennifer Hoare Tony Hogg Marisha Wlddas (frea5urerlLay Vlce Chairl lizabeth Shaw (appointed 24 April 20221 Independent Examlner TG Group The Courtyard Shorehatn Rd. Upper Beading Sleyning West Sussex BN44 3TN
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Bankers Natlonal Weslrninsier Bank plc 34 Henrietta St Covent Garden London WC2E 8NL Soll¢ltor$ M3Gkrell Tumer Garrett Savoy Hill House Savoy Hlll London WC2R 08U A1rn5 and Organlsatlon The aim of the PCC is the prornotion of the Gospel of our Lord Jesus Christ ac¢ordlng to the doctrfnes and practices of the Church of England. The PCC cooperates wlth the Incumbent in promoting in the Parish. the whole rn15s1on of the Church, pastoral, evangelistic, social and e¢umenical. A values statement accompanies this report. Rlsk A55eS5mÈnt The PCC conducts regular Risk A55essmenls, and 15 confldenl that it ha5 reactèd appropriately to th8 risk5 It encounters. Financial Risk Is minimisod by robust accounting procedures, and strict pioTrdures for the countSng 2nd Teceipl of rnonie5. Burglary is a rnajor risk and the PCC has undertaken a nurnber ol preventative measur8s. Fire proteGllon is well maintained and the Incumbent and Administrator are Fire Marsh811 trained. Health and Safety has been risk assessed and the Incurnbent, Administrator, Caretaker and ALL other stsff are First Aid trained. The Incumbent, AdministraioT and Caretaker regularly review the prernises for other Health and Safely issue5 and take appropriate remedlal aGllon. The Incumbent is DBS checked, a5 are any oth8radulls who hav8 unsupervised acc8& to children. The Incumbent has received Iralnlng on Safeguardlng and Safer Recrultment. We have lully cornplied wlth the Dlocesan Safeguarding rneasures for children and vulnerable adult5. All outsid8 group5 that us8 the premises and involve children rnusl adhere lo our Safeguard1ng Policy. Children and Vulnerable Adult5 Protecllon and Safeguardlng The PCC has cotnplled with the duly under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relallon lo having due regaTd to House of Bishops, guldance on safeguaidlng children and vulnerable adult5. Church Attendance Average Sunday altendance was 5 children and 42 adults and 27 cameras un line. The Median was 5 children and 37 adults and 22 carneras. The Modal nurnbeT was 4 childr8n and 36 adults and 22 cameia5. 11 Is difficult to asse55 how many people watGh 'per cam8ra'. bul we assurne 1.5 peTson per camera giving us an in person and on Ilne pr&s8nc8 of approxlrnalely 70 people, sllghuy up on our pre-pandemic numbers.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Overview of Church activltie5 The church was built in 1633, the first church lo b8 built and dedicated for Anglican worshlp slnce the Reformabon. It was fonrally dedicated in September 1638 and gUlarlY estsblished as a parish by AGt of Parliarnent in 1660. It has continued as an Anglican place of worshlp since then. In 2022. as we retumed lo full time operation after the cOd 19 Pandemic.. 51 Sunday Eucharists were conducted in ¢huich. 8 Holy Week sQceS 78 weekday Eucharists were eonducted. 10 Choral Even50ngs were cel8brated. 2 Bapt15rns were conducted. 4 Marriages or blessings of rnarriages were conducted. 8 Funeral Services were conducted- this does not includ8 funerals al local crematoria. 12 MemorSal 5erwces were eonducted. 30 carol semces or carol concerts We CDnduc18d. 12 other services were conducted. 6 School Masse5 and Seroices were conducted. We h05ted 251 concerts and theatrical performance5. 6 garden events 4 days ol filtning In total theTefore we conducted approximately 482 even15 in 2022. This compares wth approxirn818ly 284 events in 2021. Publlc Beneflt In 2022, we continued our close Ilnks wlth the local communlty- partlcularfy with Covent Garden London, Ith8 owners of the Piazzal, the Covènt Garden Communlty A550ciatlon, the Covent Garden Area Trust and others. The Incurnbent is Vice Chalr of Govemors of St. Clement Danes School, and vlsiting Priest. He undertakes a number ol dutles for the school, induding interviewing polentlal staff, deals with disciplinary matters, h85 a weekly rfftellng wth the Headleacher, and takes a weekly a5sernbly. W@ also conduct School Mas88s regularfy, and h05l a number ol other school 8venls, such 25 the E8sler Servlce. Iruslees confiTm that they have lak8n Charity Commls5i0n Guidance on Publlc benefit into account. In accordance with our duties as slated in section 17151 of the 2011 Charitie5 Act, W8 have considered the guidanc8 provided by the Charity Commls51on in regard to publlG benefit. Future Plans In 2D23 we will continu8 to try to rebuild our nurnbers, continue our'you Tube, offerfng and continu8 th8 masslve restoration programme of the church buildlng. Fabrlc Report In 2022, we undertook the resloralion and redecoration of the Vestry of the church. We re-gilded and restored the Reredos area of the church. We installed a side panel to the Bar. We repl8d the wom-oul garden sheds. We Improved access lo the garden. We installed new protective covers for the technical area of the church. We replaced the CCTV systetn. The 8Xtemal gales of th8 church were restored. Flnancial Revlew The lolal costs this year were £619,77712021.. £828,103) wllh the InGome of £757,33612021.' 687,4861 giving surplus of £137,55912021.' deflclt of £140.6171. £1,437,464 has b88n carried forward in reserves lo 2023 12021.. £1,299.9051, of whlch £4,002 is r8Stricled funding12D21.. £4,876). We are fortunate to have signifitrdnl reserve5 of £1.4m which w511 be used lo maintain the f8brtc of the building and Sustain the long term future of the charity.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Reserves pollcy Contin enc Re5eNes 11 15 the aim of this charity to retain suffiu8nt Te5erve5 to coveroperating expenses of the building, grounds and staff for a period of twelve months. Our income fluctuates seasonally. Should there be a period of zero income generation it could take this length of lead time to cover. This is currenuy estimated at £450,000 to run as a going cOnrn. It Is less if activities are fOd to go dormanl for a lod(down. In add11ion, we hold a conllnyency reserve for etnergenGy repairs lo the fabrlG of the building of £100,000. It should be noted that the building and contents are insured wth Eccleslasticd Insurance. The policy would provlde cover In the ev8nt of darnage due to accident. flood, file and acts of terrorisrn and Includes £460,000 contents cover. 11 Is Ih8refore our pollcy to hold a rninirnutn of £550,DOO in acSIble reserves of which 50% Should be accessible withln 30 days. At the end 012022 we hold a total of £1,437,464 nel in funds olwhich £4,0021s reslrictsd. This is accessSble in cash within 30 days. Desi naled Funds In addition we have designaled £100,000 in reserves for the rEpalr and r8decoration of the eav8S.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees, SpOnsIbIlItIeS in relatlon to the accounts The trustees are responsible for preparfng the Trust8es' R8POrt and the accounts in accoTd8nce wth applicable law and United Kingdorn Accountlng Standards Iunlled Klngdom Generally Acc8Pted A¢countlng Pracllcel. The law requires the trustees lo prepare accounts for each financial y8ar which glve a true 8nd fair view of the stale of affalrs of the charity and ol the Incorning resources and appllGation of resources, including the Income and exp8nditure, ol the charity for that year. In preparfng these accounts, th8 trustees are required to= select sultable accounting policles and then apply them consistently., observe the methods and princlples In the charities SORP., make dgerNentS and 8stirnates that aTe reasonable and prudent., and prepare the accounts on the going concem basls unless It is Inappropriate to presume that the charlty wlll continue In operation. The twstees are responsible for keeplng adequate accounting records that d15d05e with rEasonable accuracy al any tirne the financial position of the charity and enable thern to ensure that the accounts comply wllh the Chaiitie5 Act 2D11. They ale also responsible lorsafeguarding the assets of the d)arlly and hen for taking reasonable steps for the prevention and deleGlion of fraud and other Irregularities. Approved by the board on ......... On behalf ol th8 board of trustees The Rev'd Slmo Trustee Grigg
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN I report to the charity trustees on my eXamin8tn of the accounts of the above charity for the year ended 31 Dec8mber 2022. Respon5ibllitie5 and basls of report As the charlty's tws18eS, you are responsible for the preparatlon of the attounts In accordan th the requiretnen15 ol the Charities Act 20111.the Act'l. I report In respect of my exatninatlon of th8 account5 cairied out under section 145 of the 2011 Act and In Carrng out my examinatlon, I have follow8d the appllcable Directions given by the Charity Comtnlsslon undersection 14515llbl of the Act. Independent Èxamlneffs statornent The charity's gross Income exce&d8d £250,000 and l arn qualified to undertake the eXa[natIon by b8ing a qualified member of the Association of Charter8d Certrfied Accountants. I have cornpleled my exarnination. I confirm that no material tnalters have corne to rny attention in connecuon with the examination which gives me cause to believe that In, any material re5pe¢l'. the accounting record5 were not kgpl in accordance wlth s8clion 130 of the Charities Acl,. or the accounts did not aecord wlth the accounting Tecords., the accounts did not comply wlth the applicable requlrements concernlng the foTh and content ol accounts Set out In the Charitios (Accounts and Reports) Regulation5 2008 other than any requirement that the aGcounls giv8 a'true and falr view which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other rnatters In connection with the examination towhich attention should b8 drawn In thls report in order to enable a proper understanding of the accounts to be reach8d. Mark Cummins FCCA FCIE On behalf of TC Group Office- Steyning, West Sussex. 25 April 2023 Dalod..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrlcted Re5trlcted funds nds 2022 2021 Income from.. Donations Other trading acliiities Investment income Note 258,499 193,59B 277.787 15,452 12,000 273,9S1 205,598 277,787 221,050 114,375 352.061 Total income 729,B84 27.452 757,336 687,486 Expendlture on= Raising funds Charitabl& acllvlUes 99,621 504,704 99,621 520,156 69,116 758,987 15,452 Total expendlture 604,32S 15,452 619,777 828,103 Net Incomellexppnditurel 125,559 12.000 137,5SP 1140,6171 Transfer bet¥ween funds 15 12,874 112,8741 Net movement In funds 138,433 18741 137,559 114D,6171 RÈconclliation of funds Total fund5 brought foward 1,295,029 4,876 1,299,905 1.440,522 Total funds carrled foNard 16 1,433,462 4,002 1,437.464 1,299.905 The 5talemenl of flnanclal actwilies includes all galns and losses re¢ognised In the period. Al income and 8xpendilure deiwes from conlinulng activib'es.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN BALANCE SHEET AS A T 31 DECEMBER 2022 2022 2021 Note5 Cuent a559t5 Stock Debtors Cash 81 bank and in hand 1,149 162.812 1,436,852 943 108,893 1,327,853 11 1,600,813 1,437,889 Credltor5'. amounts falllng due wlthln one year 12 1163,3491 1137,7841 Net current asset5 1,437.464 1,299,905 Net a55ets q,437.464 1,299,905 The funds of the charlty: Restrlcled funds 4,002 4,876 Unrestricted funds 1,433,462 1,295.D29 1,43Y,464 1,299,905 The account5 were approved by the Board on.. ........ e Rgv'd Sifflo Ttuslee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Cash flows from operatlng activltios Net mtsvemÈnt In funds 137,5S9 1140,6171 (lncreaseydecase in stocks IIHcr88seydecrea58 in debtor5 Increaselldecreasel in ditorS Net cash used In operatln9 actlvitles 12061 153.9191 25,S65 37,161 23.838 108.999 179,5741 Change In cash and cash equivalents the year 108.999 179,5741 Cash and Gash equlvalent5 at the beglnnlng of the year 1,327,853 1,407,427 Cash and cash equlvalents at the end of the year 1,436,8S2 1,327,853
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Legal status of charltable company The Parochial Church CounGII of the Ecclesiastical Parish of St Paul, Covent Garden is a charfly. The charity'5 reglstered number and Offi address can be found on the Legal and AdTnini5tratlve Information page. Accountlng policle5 Ba51s of preparatlon The Parochial Church Council of the Ecclesiastical Parlsh of St Paul, Covent Garden rneets the definibon of a publiG benefit enbty under FRS102. Assets and liabilitie5 are initially re(x)gnised at hlstorical cost or transaction value unless otherwlse slatod in the relevant a¢¢ounting policy notels). There are no material uncertainties about The Parochial Church Councll of the EcdesiasUGal Parish of St Paul. Covenl Garden's ablllty to continue as a going concem. The flnancial statements have been prepared in accordance wllh Accounting and RepDrting by Chaiities.. Stalem8nt of Recomtnended Practice applicable to Gharilies pr8P8ring thelr accounts N accordance with the Financial Reporting Standard applicable In the UK and RepubllG of Ireland IFRS 1021 lefleclive 1 January 20151 atKI in accordaHTr with Church Accountlny Regulations 2006. The finandal statem8nts are prepared In sterling, which is the functional currency of the charity. Moneiary arnounls in these financlal statements 8re rounded lo the nearest pound. Golng con¢ern After makin9 appropriate enqulrfes, the trustees have a reasonable expectallon that the charity has adequate resources lo continue in operational exSstence for the foreseeable futur8. There are MD material uncertainties about The Parochial ChurGh Council of th8 Eccleslasucal Parish of St Paul, Covont Garden'5 ablllly to continu8 as 8 golllg concern. Income All income is induded In the Slalament of FlnanGlal Activities when the charity is IallY entitlpd lo the income, It Is probable the income 11 be received and the amount can be quantled with r8a50nable accuracy. Expendlture and bas15 of apportlonlng Costs Expenditur8 IS accounted for on an accruals b8515 wllh the irrecoverable element of VAT included wllh the it8m to which 1t relates and has been da55lfied under headings that aggr8gate all costs related to the category. Charitable activities comprfses all expenditure dlreclly relating to the ObJecte$ ol th& ch8rity. Governan¢e costs (Included wllhln Support mst51 comprlses all CO5 a55ociated with constitutional and statutory requirements with which the charlty must cornply. io
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting Pollcles Icontlnuedl Penslon5 The charity operates a NEST pension scheme. Conlributlons are charg8d to the Statement ol FlnanGlal Activitles as they are incurred. Stocks Stock is valued at the lower of cost and net iealisaUe value. Debtor5 Trade and other debtors are recognised al the sellletnent amount due after any trade dlsGount offered. Prepayments are valued 81 th8 arnounl prepaid nel of any trad& discounts due. Cash at bank and In han(1 Cash at bank and in hand includes cash and short term highly liquld Investrnent5. The trustees S88k to US8 short terrn deposlls to tnaximise the relum on monle5 held al the bank and lo manage cash flow. Credllors and prov151onB Croditors and promsions are recognised where the charity has pr8senl obligatSon sUltsThg frotn a past event that will probably result In a transfer of funds to a third party and the amount due to S8tt18 the obligauon can be measured or estimated reliably. 2.10 Fund Accountlng Unrestricted funds are to be used In accordance with the charitable objective5 at th& discretion of the Trustees. Reslricled funds are to be used for parCUlar restrfcted purposes withTn the objedves of the charfly. Reslricllon5 arise when specified by the donor or when funds are ralsed for partlcular reslricled purpos8S. 2.11 Judgements and key Sources of esllmatlon uncertainty In the applicallon of the charity's accounllng pollcie5, the trustees are required to make judgernents, estitTrates and assurnptions about the carrying amount ol a%.%pls and liabilities that are not readily apparent frorn other $ours. The 8stimales and a550ciated assumptions are based on hlslorical experience and other factors that are consldered to be relevant. Actual results may drfrerfrom these estimates. The esllmales and underlylng assutnplions ar8 revi8W8d on an ongolng ba515. Revisions io accounting estimaies are recognlsed in th8 pertod in whlch the eslirnate is resed. The Iruslees do not consider that there are any critical eslim818s or areas of ludgemenl that need to b8 brought to the attention of the readers of the financial slatemenl5. li
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Income from donations R8Strlcted Unrestricted funds fund5 2022 2021 Planned giving Collecllons Appeals and donations Grfi Aid tax r&claimed 18,425 28,096 173,916 38,062 18.425 43,54B 173,916 38,062 23,306 12,359 173,752 11,633 15,452 Total Income from donations 15,452 258,499 273,9S1 221,050 Income from other tradlng activities RestrittÈd Unrestrlcted funds funds 2022 2021 Car parking rentals Oth8r incorne Ticket incorne Bar incorne Votlve candles 26.092 42,857 66,230 54,638 3,781 26,092 54,8S7 66,230 54,638 3,781 21,095 20,654 54,140 16,988 1,500 12,000 Total income frotn other tradlng actlvltles 12.000 193,S98 205,598 114,375 Investment income Restrlcted Unrestrfcted fLJnds Funds 2022 2021 Lic8nce f88S Interest reCeab]e 275,393 2,394 275,393 2,394 351,942 119 Total Investment income 277,787 277,787 352,061 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Total expendlture staff cost5 Other cost5 Total 2022 Total 2021 Expendlture on ra155ng fund5 Costs ol ralslng donations and grants 99,621 99.621 69,116 Expendlture on charltable a¢tlvltle5 Activities undertaken dimctly Support cos15 160,248 331,125 28,783 491,373 28,783 695,624 63,363 Tol81 charitable actfvllies 160,248 3S9,908 520,156 758,987 Total Expenditur8 160,248 459,529 619,777 828,103 Analys15 of sUPPOrt costs Ilncludlng Governance cost51 Total Total 2022 2021 General office and 8drninistralion Governan c0515'. Independent examSner5 fees 24,343 59,043 4.440 4,320 28,783 63,363 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Comparatlve Funds- Statement of Flnanclal Actlvitles for the year ended 31 December 2021 Unrestrlcted Re5trlcted fund5 funds 2021 2020 Income from.. Donations other Iradlng acllvlties Investment incom8 Note 108,647 114,375 352,061 112,403 221,050 114,375 352,061 32,931 49,450 304,568 Total incorne 57S,083 112.403 687,486 386,949 Expendllure on.. Raising ILJnds Charitable activities 69,118 634,650 69,116 7S8,987 21,742 367,980 124,33T Total expendltur& 703,766 124,337 828,103 389,722 Net incomellexpendllurel and net movement In funds for the year 1128,6831 111,9341 114D,6171 12,7731 Reconciliation of fund$ Total funds brought forward 1,423.712 16,810 1.440,522 1,443,295 Total funds carrled forward 1,295,029 4,876 1,299,905 1,440,522 The slaternent of finanGlal acllvltles includes all gain5 and losses r8(x)gnised in the perfod. All in(x)me and 8xpenditur8 derives fiotn conllnuing acliMIi8S. 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees This year there were church expense5 of £6,43212021.. £11.0001 paid for by the various Trustees as a result of COVID and the charity not h8Mng an onllne banklng system Iwth the church unable to make bank tran5fersl. £6,432 12021.. £9,818) of these expenses were reimbursed. None of these exp8ndilur8 r8irrt>ursernents were outsianding at the year end12021.. £1,181). London Hlstoric, of which Max Lax8y ITrusteel Is a director, provided servic8S to the charfty lotalllng £26,146 12021.. £43,923). These IransaGtion5 were al arms length. Employees Nvmber of employee5 Th8 av8rag8 monthly number of employ88$ during the perlod was.. 2022 Number 2021 Number Admini5tralion, marketlng and cotnmercial Employment costs 2022 2021 Wages and Salaries induding so(aal security c05t5 Olhor pension costs 1 S6,786 3,462 106,943 2,307 160.248 109,250 10 Taxatlon As a charity, Th8 Parothlal ChurGh Council of the Ecdeslaslical Partsh of Sl Paul. Covent Garden is exempt from tax on incotne and gains to the extent that these are applied lo its charitable objecis. 11 Debtors 2022 2021 Trade debtors Other debtors PpaYrnents and accrued In¢orne 141,451 19,031 2,330 60,255 19,023 29,615 162.812 108,893 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 12 Credltors.. amounts falling due wlthln one year 2022 2021 Trad8 creditor3 Other creditors Accruals and deferred incom8 28,545 42,648 389 94,747 134,804 163.349 137,784 Creditors amounts falling due wthin one year Includes deferred income.. 2022 2021 As at 1 January 2022 Arnounl released to incom8 Arnount deferred in the year 88,839 188,8391 124,872 93,612 193,6121 88,839 As at 31 Dernber 2022 124,872 88,839 13 Penslon and other po$l.retlrement beneflt commltments Dèflned contrlbutlon 2022 2021 Contributlons payable by the charity for the perfod 3,462 2,307 At 31 December 2022 contributions of £NII were outslanding12021.. £NIII. 14 Comrnltrnents undÈr operatlng lea58S At 31 December 2022 th8 charity had total comrnitmenls under non-canc8llabLe operatlng leases asfollows.. 2022 2021 Explry date.. Less than one y8ar Within two and five yeArs 3,649 14,050 7.379 17,599 17,699 25,078 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2022 15 Restricted funds The in¢otne funds of the charily Indude restricted funds comprlslng the following unexp8nded balan of donations and grants held for specific purposes.. Movement in funds Balance al 1 January Incomlng Resources 2022 re50urce5 expended Transfer Balance at 31 beiween De¢ember funds 2022 St John Drury Lane Trust Fabric Fund Donation for Pews st Gllesmilliam Shelton charfty Collectlons Foyer Refurblshmenl Gas L8mp Donation Other 708 2,586 5,584 976 3,294 3,682 112,0001 708 12,5861 15,5841 19781 15,452 115,4521 3,294 13,6621 12,000 16ei 4,876 27,452 115,4521 112,8741 4002 St John Drury Lane Trust- The fund is to be applied for the restricted purposes of the Trust. Fabrfc Fund- This is a donallon from the Rector to b8 used towards the fabric fund. Donations for Pews- ReceNed a donation for pews for the Church. Sl Giles William Shelton charfty- ReceTved a grant from the chaiity which was for materials and tralnlng for children's work wlthin the Church. Colle¢lions- The Church r8ceives money towards special collections whlch It then pays as 8 donation. Donations for Gas Lamps- Expecting to receive a donallon to cover part of the Gas Lamp re51oration. Foyer Refuhlshment- As part of our ongolng mainten8nce of the fabric of the bulldlng the flooring has been restored, Iwhting improved and painting and gilding have been ienewed. Other - reslricled donations reGeived from Heros Bank, Sl Clements, Mind, Guide Dogs, Harding UK, SI'S 88n8volent Fund, MAD Trust, The Food Chaln and The Royal British Legion. These were donations rnade in 2021 from events held. 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, COVENT GARDEN NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 16 Analysls of net assets between funds Unrestricted fund5 Restricted fund5 Total Fund balan$ al 31 Decetnber 2D22 are represented by.. Current assets Credltors.. amounts falllng due within one year 1,5g6,811 1163,3491 4.002 1,600,813 1163,3491 1,433,462 4.002 1.437,464 Unre5trl¢ted fund5 Re$trl¢ted fund5 Total Fund balances at 31 Dec8mber 2021 are represented by.. Current a55ets Creditor5.' amounts falling due wlthin on8 year 1,432,813 4,876 1,437,689 1137,7841 1137,7841 1,29S,029 4,876 1,299.905 Included In the abovefortK)th years is £100,000 designaied funds, sel aside forth& repalrand red£corallon of the eave5. 17 Ultlmate controlllng party The charity Was undei the control of the Trustees during the period under revi8w. 18
Actors, Church Christmas Sing-Along 13112122 Staff DMIFOH-8en DM- Tobie Office I Produolion Assisiance - Charfotte £62.50 £62.50 £75.00 £200.00 Perform•rs Musical Director Organist Singer Singer Singer Singer Singer Singer- Rehearsal only Singer- Rehearsal only £500.00 £100.00 £150.00 £150.00 £150.00 £150.00 £150.00 £50.00 £50.00 £1.450.00 T8ch Support £270.00 £270.00 Marketing Flyers Large Poster Printing £29.62 £30.00 £10.00 £69.62 Church Box Offlce Costs PRS 8ox Office Commision Venue Hire Zettle £106.00 £212.00 £600.00 £1.58 £919.58 Total Production Costs £2,909.20 Bar Costs Bar Stock Bar Staff - Gary Zetlle £153.24 £51.75 £8.41 £213.40 Grand Total Costs £3,122.60 Box Office Income Door sales TodayTix Box Offic8 Sales £110.00 £615.00 £1,395.00 £2.120.00 Bar Income Bar Takings Pre paid drinks £485.20 £34.00 £519.20 Production l Box Offiee Proflts 789.20 Bar Profits £305.80 TOTAL PROFITS 483.40 ProduthonlBoxOffice Prolt (NOT INCLUDING VENUE HIRE) 189.10 Total Profitlnofsndudlngvenue hlrel £116.50
A Musical Theatre Christmas 04112122 Staff DM-Ben DM - Emily DM - Tobie Qffice Cover- Charlotte FOH - Alison £137.50 £112.50 £75.00 £100.00 £51.75 £476.75 Production PrOdur stage Manager Videographer Photography Costume for Simon's Camio Sound Design £700.00 £100.00 t200.00 £50.00 £31.40 £250.00 £1,331.40 Tech Support l Hire £1,408.92 £1,408.92 Muslclans Musicians x 7 Musical Director £1.050.00 £500.00 £1,550.00 Marketing Large Poster Pritning £30.00 £20.00 £50.00 Church Box Offlce Costs PRS Box Office Commision Venue Hiro Zett19 £427.63 £855 25 £600 00 £3.95 £1,886.83 Total Production Costs £6,703.90 Bar Costs Bar Staff - Elliot Bar stock Zettle £51.75 £631.59 £18.34 £701.68 Grand Total Costs £7,405.58 Box Office Incomè Door Sa5e TodayTix Box Office Sales £45.00 11,035.00 £7,472.50 £8,552.50 Bar Incom• Bar Taking Pre paid drinks £1,049.30 £151.00 £1.200.30 Production l Box Offlce Profits £1,848.60 Bar Profits £1,200.30 TOTAL PROFITS £3,048.90
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