2021-12-31-accounts

THE PARISH AND WARD CHURCH OF ST BOTOLPH-WITHOUT-BISHOPSGATE Annual Report of the Parochial Church Council for the year ending 31 December 2021

Under the Church Representation Rules, the Parochial Church Council (‘the PCC’ or ‘the Council’) is required to prepare an Annual Report on its proceedings and on the activities of the parish generally. It is also required to prepare a financial statement for the financial year that gives a true and fair view of the state of affairs of the parish as at the end of the financial year and of its income and expenditure for that period.

As in 2020, the Report for 2021 will inevitably be dominated, as was the year itself, by the continuing Coronavirus pandemic and St Botolph’s response to it under the leadership of the Rector, Fr David Armstrong, with the support of the Wardens, the Council and the church staff. Government and Church of England guidelines were followed throughout the year, and St Botolph’s reacted swiftly to every change in regulations and restrictions. More detail about the various phases of the pandemic and our response at each stage appear in the relevant sections of the Report.

ADMINISTRATIVE INFORMATION

The Parish and Ward Church of St Botolph-without-Bishopsgate is situated in Bishopsgate, in the City of London. It is part of the City of London Deanery, the Two Cities Area and the Diocese of London within the Church of England. The correspondence address is Bishopsgate, London EC2M 3TL. Day-to-day management is delegated to the Rector, with the support of the Churchwardens.

The Verger, Hall and Court Manager is Mr Paul Gibson.

The Church Administrator, PCC Secretary and Parish Clerk is Miss Mhairi Ellis.

Bankers:

Allied Irish Bank, City Business Centre, 26 Finsbury Square, London EC2A 1DS

Independent Examiner:

Mrs Julie Griggs, BSc Hons FCA, Levicks, West Hill, 61 London Road, Maidstone, Kent ME16 8TX

Inspecting Surveyor:

Mr Kevin Stephenson, BSc FRICS, KSA Property, 6 Midland House, 109-113 Victoria Road, Romford, Essex RM1 2LX

AIMS AND PURPOSES

The Parochial Church Council of St Botolph-without-Bishopsgate has the responsibility of co-operating with the Rector in promoting the whole mission of the church, liturgical, pastoral, educational, evangelistic, social and ecumenical, in the ecclesiastical parish in its care in the City of London. It is also responsible for maintaining a fine (Grade II* Listed) Georgian church building— restored after bomb damage, and most recently refurbished in 2015-17—and the adjacent Church Hall, Churchyard, and Netball/Tennis Court.

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship and makes suggestions on how our services can involve the many people and groups within our parish. Our services and worship put faith into practice through sacrament, music, prayer, and exegesis.

To facilitate this work it is important that we maintain the fabric of the church building, and to this end we undertook major refurbishment works during 2015-17; further works including repairs to the stonework of the Tower and an overhaul of the electrics were identified as a result of the 2018 Quinquennial Inspection, and undertaken during 2019. Sway tests on the bells necessary to complete the tower work, intended to be undertaken in 2020, remained postponed by the pandemic.

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit, and the supplementary guidance on charities for the advancement of religion. In particular, we try to enable all people to live out their faith as part of our parish community through worship and prayer, and teaching about the Gospel; provision of pastoral care for people living and working in the parish; and missionary and outreach work.

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We also have very much in mind the Diocese of London’s collective 2030 Vision, with its aim ‘for every Londoner to encounter the love of God in Christ’ and its themes of Confident Disciples, Compassionate Communities and Creative Growth.

ACHIEVEMENTS AND PERFORMANCE

We continued to respond rapidly to the challenges and changes presented by the pandemic, and maintain St Botolph’s as much as possible as ‘a place of calm, sanctuary and God’s love in the City’. We were delighted that our application to join Inclusive Church was accepted early in 2021 - this membership publicly affirms our belief that the Church should celebrate and affirm every person and does not discriminate in any way. Our ‘open door’ policy was maintained throughout the year, to ensure a ready welcome to all visitors, although opening hours remained restricted because of a shortage of caretaker cover. We maintained, when permitted, a full programme of regular and special services, including some innovations. The staff continued to work hard – for the majority of the year, in the Verger’s and Administrator’s cases, from their remote outposts at home, and despite needing to rely on the Coronavirus Job Retention Scheme, which meant some time restrictions - to ensure that the day-to-day administration of the church, Hall and Court were kept up, and new ideas researched and developed where possible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

St Botolph’s Parochial Church Council is a corporate body established by the Church of England, and operates under the Parochial Church Councils (Powers) Measure 1956 (as amended). The Council is a charity, previously exempted from registration with the Charity Commission but registered in May 2010 (Charity Number 1135985).

All those who regularly attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC. The method of appointment of PCC members is set out in the Church Representation Rules: members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Rules.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.

REPORT ON THE BUSINESS OF THE COUNCIL

During the year the following served as members of the PCC:

Ex-officio members

The Revd David Armstrong (Priest-in-Charge to 29 April 2021, thereafter Rector)

Mr Frank Curtiss (Churchwarden) Ms Chris Watkins (Churchwarden)

Mrs Christine Ferris (Deanery Synod representative)

Mr Alex Coles (Deanery Synod representative)

Elected members

Mr Christopher Butten, Mr Nick Creswick Gough, Mr Simon Davis (from 20 May), Mr Alastair Harris, Ms Wendy Hyde CC, Mr Peter Kibble, Mr Christopher Lawrance (from 20 May), Mr David Lee (to 20 May) Miss Mary Moore, Mr David Westover (to 20 May)

Notes

We are currently permitted to elect nine members to the Council.

The Churchwardens are Joint Treasurers.

The Church Administrator, Mhairi Ellis, also acts as PCC Secretary and Electoral Roll Officer.

The Council has a Standing Committee and a Finance Committee, both including the Rector and Wardens. The Standing Committee meets as necessary between Council meetings, and has power to transact the business of the Council between its meetings, subject to any directions given by the Council. The Finance Committee meets to discuss the Accounts, budget, investments and other financial matters as necessary, but from the start of the pandemic in 2020 stepped up the frequency of its engagement, meeting monthly by Zoom to oversee the parish’s finances, with meeting notes being regularly circulated to the full Council. This meeting pattern continued through 2021.

During 2021 the full Council met for business six times by Zoom. Council members who could not be present at meetings were encouraged to ask questions and raise concerns in advance so their voices could be included. The Council was consulted electronically in between meetings as necessary (and the results of such consultations were ratified at the succeeding business meeting).

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The Annual Meetings were able to take place in May, again by Zoom. The Churchwardens elected at the Annual Vestry Meeting were admitted to office by Fr David, acting as the Archdeacon of London’s Commissary, in church at the beginning of the Patronal Festival Mass on 16 June, as it was not yet possible for the usual large gatherings for the Area Visitations to Churchwardens to take place. In addition to the elected members, Mhairi Ellis (Administrator, and Secretary to the PCC) and Paul Gibson (Verger, Hall and Court Manager) attended meetings as appropriate, and presented prior to meetings reports on Finance, Fabric, and Services, Events and Activities, as well as ‘Coronavirus updates’. The Independent Examiner, Mrs Julie Griggs, attended and address the April meeting, and the October meeting received an update on the organ rebuild project from our Organ Consultant, Professor David Titterington, and Iestyn Evans, our Organist and Director of Music.

Dates of meetings and attendance

The number of members of the Council throughout the year was 13.

Full business meeting, Wednesday 7 January Present 10, apologies 3 Meeting concerning Fr David’s presentation as Incumbent of the Benefice, Wednesday 3 February

Present 10, apologies 3 Present 11, apologies 1 (Fr David not permitted to be present) Present 9, apologies 4 Present 10, apologies 3 Present 10, apologies 3 Present 7, apologies 6

Full business meeting, Wednesday 28 April Meeting after the APCM, Thursday 20 May Full business meeting, Wednesday 28 July Full business meeting, Thursday 28 October

The main matters discussed in the course of the year were:

• Fabric, including tower sway tests (final works resulting from 2018 Quinquennial Inspection), new sculpture in Churchyard

• Organ rebuild project – designs, chosen builders, funding options

• Planning for and opening of The Good Coffee Kiosk in the Bishopsgate porch of the church

• Homelessness, rough sleeping and mental health issues in the City – liaison with Corporation, Police and charities, Homeless Hubs in the Hall

• PCC policies – updated and reviewed during the year, and a new Investment Policy introduced

• • Financial matters, including budget, Accounts, Voluntary Church Rate, Rectory rental, hire charges, sale of Property Fund investments at CCLA

• Common Fund, including decisions on top-ups in support of other churches for 2021

• Charitable giving, including Lent and Advent charities, support for linked organisations including St Francis at the Engine Room, Christian Aid, St Mungo’s, MIND in Haringey, Veterans Aid, and for Afghan children at Aldgate School

• Church, Hall and Court running, including the implementation of Covid-19 safety measures

• Liturgy and music, including Director of Music’s annual report, new forms of service and service books necessary as different pandemic restrictions were lifted

• IT and communications, including new website, regular communication with parishioners and wider community, new equipment to enable staff to work flexibly in office and at home

• Outreach, and reinforcing existing relationships with neighbouring organisations and charities including St Botolph’s representation on the boards of the Bishopsgate Institute, Central Foundation Schools and the Samuel Butler Foundation

• Staffing and security, including staff work patterns and furlough, and the search for a new caretaker to enable the church to return to full opening hours

The Finance Committee’s regular items for discussion at its monthly meetings included income, expenditure and cashflow, investment valuations and market performance, Rectory income and expenditure, charitable donations, and staffing matters.

Safeguarding

The Council takes seriously its role in the safeguarding of children, young people and vulnerable adults: it annually renews its adherence to the Diocesan Safeguarding Policy, and is thus compliant with its duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 in relation to having due regard to the House of Bishops’ guidance on safeguarding. The Safeguarding Officer is Chris Watkins, and the parish safeguarding audit has been regularly reviewed.

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Data protection

The Rector and Council take seriously their roles as Data Controllers in complying with the General Data Protection Regulations 2018 (GDPR), and the parish is registered with the Information Commissioner’s Office. The parish’s General Privacy Notice is clearly signposted from the website and from staff emails, and consent forms are collected as necessary. Trustees and members of staff refreshed their GDPR training during the course of the year.

REVIEW OF THE YEAR—OUR MISSION AND ITS PUBLIC BENEFIT

A church open to all

In normal times the church would be open every weekday from 7.30am to 5.30pm, but owing to the lack of caretaker cover opening hours had to be restricted during 2021 to 10.00 am to 3.00 pm. When open, the church is much used and appreciated by people from the surrounding businesses and by commuters from Liverpool Street Station.

Additionally, the Church Hall, Netball/Tennis Court and Churchyard normally occupy a central place in the life of many who work around Bishopsgate, and it was good to see them all being used once again when restrictions began to be lifted. The Churchyard is a busy thoroughfare as well as a place of rest, reflection and recreation, and we are grateful to the Corporation’s Open Spaces team who keep the garden and the Court so well maintained. We see this as the provision of a most useful service to the public—all are welcome on our premises regardless of belief or opinion, and we strive to make everything we do in and around the church and Churchyard accessible to all in the area, including the local homeless community.

Throughout the pandemic period Fr David kept in close touch with members of the congregation and the wider St Botolph’s ‘family’ with email updates and offers of pastoral support and telephone calls, and received many messages expressing gratitude for these encouraging emails and for keeping services going online from home and in church when permitted. A larger than usual number of Easter cards were sent, and Christmas cards, with a wonderfully uplifting photograph of Fr David and Freddie the church dog taken by Alastair Fyfe, the photographer who had taken professional photographs for the new website, were circulated to a wide range of friends and contacts.

An active and inclusive church

The Electoral Roll underwent its annual revision in advance of the Annual Meetings on 20 May, and at the end of the year had 96 members, all of whom live outside the parish.

The temporary service schedule - established towards the end of 2020 to reflect the working patterns of those starting to come back to work in the City - of Said Masses on Tuesday and Thursday, and Choral Mass on Wednesday and Feast Days, all at 1.10pm, continued to attract both parishioners and visitors. Thanks to the audio-visual equipment installed late in 2020, many more were able to follow services from their homes, either live or at a later time. The main changes to the liturgy as the restrictions began to be lifted were the return of congregational singing in July and the return of the Chalice in September, both of which were greeted with great joy. From October it was once again permitted to pass the collection plate through the congregation in services. New interim Mass books were produced to reflect each change. The highest standards of Covid hygiene were maintained, and clergy and congregation members were careful throughout the year to respect, and encourage others to respect, those who felt more vulnerable in gatherings and indoor spaces.

As well as the full programme of regular services, St Botolph’s own ‘special’ services during the year included as a highlight Fr David’s Institution by the Bishop of London and Induction by the Archdeacon of London as Rector of St Botolph’s. In any other year this would have been marked by a full church and a suitably sparkling reception, but those present in church and following online were nonetheless able to enjoy a solemn occasion and splendid music.

The Patronal Festival was celebrated on 16 June, with Fr Chris Vipers of St Mary Moorfields proving a thought-provoking guest preacher. Following the initial and very successful St Francis Day Animal Blessing in 2019, a second attempt this October saw Fr David and Freddie the church dog welcoming many animals into church for a simple service of blessing followed by a social gathering. In among the many carol services put on by external organisations, our own December offerings of the Advent Carol Service, Parish Carol Service, an early evening Carols by Candlelight, and the Christmas Eve Mass and Crib Blessing, brought many people into church and had many online views.

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It was a joy to welcome back our Priest Missioner, Fr Andrew Williams, to assist with services monthly from May. We are most grateful to him, and to other visiting clergy who were able to assist when necessary during the year.

We are also grateful to all those who give generously of their time to play particular roles in regular worship, although the normal rotas for sidesmen, readers, lay intercessors and servers had of necessity to be suppressed for the time being.

Weddings and baptisms planned for 2020 were moved to 2021 or further ahead, and Fr David kept in touch with the couples and families about plans for their postponed celebrations. The first marriage blessing service for many months took place on Friday 9 July, followed by another on 18 September, and the first wedding since 2019 took place in December. By the end of the year a more normal stream of requests was being considered for wedding and blessing services, several of which had come through the new enquiry form on the website.

From May 2021 a new system of marriage registration was introduced, modernising the process for the first time since the Marriage Act 1837. Registration is now electronic rather than paper-based, so couples no longer sign the register as part of the church ceremony. Clergy and administrators had received training on the new system, and we put it into effect, with success but not without some trepidation, with our December wedding couple.

On Sundays, St Botolph’s continued to offer the hospitality of its fabric and space – when the pandemic regulations allowed - to the worshipping community of the Antiochian Orthodox Church of Great Britain. The other congregation which usually uses the Hall on Sundays, the Ethiopian Lutheran community of Mekane Yesus, felt more comfortable continuing to worship from home throughout 2021.

A musical church, supporting the young

St Botolph’s has an enviable reputation for the high standard of musical liturgy which is consistently delivered. The Council would like to take this opportunity to thank Iestyn Evans, who together with his team of singers and deputy organists has provided such a high standard of music. Especially in the first part of the year when not many members of the congregation were able to be present in church, Iestyn and the singers remained happy to add another string to their bow by reading lessons at services.

During the first part of the year Iestyn and our distinguished organ consultant Professor David Titterington continued to work on the plans for a rebuild of St Botolph’s pipe organ, unplayable since the 1990s. The US firm C B Fisk Inc, who had been due to visit to test the church acoustics in March 2020, were finally able to rebook their visit in September, and their delegation was welcomed with warmth and hospitality. The Fisk team approached their task with thoroughness and efficiency: every corner of the church was measured closely, and they asked for singers and musicians to be present to sing and play from various places in the building, including somewhat precariously up ladders! When the party returned to the States the firm got busy on the production of designs which were presented to the PCC’s October meeting, resulting in the enthusiastic aspiration that St Botolph’s firmly wished to rebuild its pipe organ within the historic case, and that they wanted C B Fisk Inc to be the builders. The costs of the preliminary stages of this project have been covered by a grant from the Bishopsgate Church Foundation.

Additional music is brought to our Wednesday services, weddings and occasionally memorial services by our loyal team of bellringers, led by our Tower Captain, John Adams. Ringers were permitted to gather in groups once again in the summer, and regular lunchtime ringing began at St Botolph’s on 21 July. This was closely followed by a Festival of Bells on 31 July when in an initiative of the Lord Mayor all the City’s bells rang out to mark the re-opening of the City.

We were delighted as usual to be able to make church and Hall available to visiting musical groups for concerts and rehearsals. Many planned concerts and events continued to be postponed, but from the Autumn it was wonderful to see the joy of choirs who were able once again to come together to make music.

St Botolph’s continued, when regulations permitted, to facilitate music-makers within local firms by providing a venue for the rehearsal and performance of their ‘in-house’ choirs and orchestras, and occasionally staff members practising the organ in the church, or solo singing in the Hall.

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A church working in partnership with others

Close and fruitful liaison continued with our Livery Companies (the Worshipful Companies of Leathersellers, Coopers, Bowyers, and Fan Makers), with the Bishopsgate Ward Club, the Bishopsgate Institute, and with our linked regiments the Honourable Artillery Company (the HAC) and the Rifles.

Livery company services planned for May (Parish Clerks) and June (Leathersellers) were cancelled because of the ongoing difficulty of getting people together in large numbers for church services followed by hospitality, but we invited these Companies to join us online for our regular worship on the days in question, which was appreciated. The Bowyers’ Company did come to church for a one-off special service in late May to mark the 400[th] anniversary of the granting of their Charter: Mhairi took great pleasure in devising a programme of music to mark each century of the Company’s history since the Charter, and hearing it performed with their usual verve by Iestyn and the Choir.

It was a pleasure to welcome the Fan Makers back to St Botolph’s for a Service of Reflection and Hope on 23 September, and the Coopers held their Henry Cloker Service in October as usual, albeit in the morning rather than the evening as an experiment to see if more people might attend. The Bowyers and Leathersellers held their traditional carol services, and the Coopers joined as usual for the Parish Carol Service, although sadly the Coopers’ School Choir withdrew at the last minute as the Omicron variant of Coronavirus started to spread.

We are grateful for our links with, and the moral, financial and corporate support of, all these organisations - as well as that of many local businesses. It can sometimes be difficult for a member of the clergy to gain access to businesses in the parish, so Fr David was pleased that, from its opening in September, management of the new Pan Pacific Hotel opposite the church on Bishopsgate have been keen to engage with St Botolph’s. Following Fr David’s pastoral circulation to the parish ratepayers in 2020, there was a reasonable return on the Voluntary Church Rate requests in 2021, and our thanks go to our Voluntary Church Rate Officer, Andy Newman, for his diligence and attention to detail in all aspects of the rate administration. Members of St Botolph’s Choir crossed the road to St Ethelburga’s in October to continue a neighbourly tradition by providing the music for their patronal festival celebration.

We continued to work in collaboration with the City of London Corporation and the Ward of Bishopsgate, with regular liaison with various departments of the Corporation, our local Common Councillors in Bishopsgate, and the City Police. The fortnightly Homeless Hubs hosted in our Hall and run jointly by the Corporation, the Police and homeless agencies were put on a firmer footing with substantial financial support, resulting in many homeless people being given accommodation and being able to access other services. Fr David has also developed a working relationship with the Chair of the Corporation’s Homelessness and Rough Sleeping Sub-Committee, Marianne Fredericks CC. In December the Hall also hosted Night Hubs for vulnerable people, particularly women, on the City streets on fourteen weekend nights during December, funded by a Government grant via the Corporation.

Wendy Hyde CC, PCC member and sometime Churchwarden, continued to be an enthusiastic and valuable link between St Botolph’s and the Corporation, and our thanks go to her for this helpful liaison. In her capacity as Chairman of the Keats House Consultative Committee she had introduced Fr David and Mhairi to the Curator of Keats House in 2019, and further liaison continued in 2021 as the Keats200 commemorations drew to a close. As the church where the poet was baptised, St Botolph’s was selected to host one of the 2021 events, but the upsurge in Covid infections towards the end of the year meant that it was postponed.

The Churchyard continued to host for the first part of the year the sculpture ‘Reclining Nude 1’ by Kevin Francis Gray as part of the City of London’s ‘Sculpture in the City’ initiative. It was replaced in the Summer by ‘Burial’ by Alice Channer, which has received much comment.

St Botolph’s was selected in 2018 as one of the City Churchyards to benefit from the City Churchyards Enhancement Programme, a joint initiative of the Corporation and the Diocese of London. Paul Gibson represented the church as part of the consultation process, and we look forward to hearing more about the plans in due course.

Fr David’s ex-officio roles on the Boards of the Bishopsgate Institute (now with additional responsibility for the future strategy of the charity), The Central Foundation Schools of London, and the Samuel Butler Foundation continued. The church’s presence in these governance fora is an important part of our contribution to our area, and a further example of our acting to enable public benefit.

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A church engaging with its community

Our website and social media pages are regularly updated with the latest news and have continued to attract new people to church, as have our regular advertisements in City Events. We publish full lists of services and events monthly online; special services and events are also advertised on A Church Near You and Eventbrite, with postings on the latter proving particularly successful in bringing new congregation members to carol services and raising awareness of our presence among different demographics. Our paper bulletin had been replaced from the time of the first lockdown in 2020 with regular emails from Fr David to a wider range of contacts, and towards the end of the year a monthly electronic newsletter was successfully moved on to the MailChimp platform. After many months of research and hard work our new website was launched early in 2021, and has been much admired.

We are lucky to have the Hall and Court as additional facilities to offer our community, and it was good when restrictions began to be lifted to see users coming back to both, and changes in working patterns as the City re-opened for business inevitably had an impact on the way they were both used. The lunchtime netball league was not able to operate, but the ability to book and pay for Court use directly through the new website resulted in an upsurge of casual bookings, and the main evening hirers PowerPlay came back from the Spring, initially for two evenings and then extending to their normal four towards the end of the year. Some regular Hall users had during the lockdown periods moved their business to new online models rather than meeting in person – these included WeightWatchers, who had hired the Lower Hall daily for many years, and who brought their tenure to an end during 2021, leaving the church staff actively seeking new uses for the Lower Hall to replace the reliable WeightWatchers income. Negotiations took place for the hire of the Upper Hall for a summer school for primary school children who had suffered from a lack of teaching due to successive lockdown periods, but unfortunately this was not able to go ahead in the end due to lack of funding support. All hirers were made welcome by our team of diligent caretakers, supported by our efficient and ethical cleaning firm Clean for Good.

As City workers began to return in greater numbers in the Autumn they were greeted by a new independent and ethical takeaway drinks outlet – the Good Coffee Kiosk, which opened in midSeptember in the Bishopsgate entrance of St Botolph’s. Preparations for the kiosk had been under way throughout the year, with the start-up and initial operating costs supported by a generous loan from the Bishopsgate Church Foundation. Once Faculty permission had been obtained from the Diocese, the kiosk itself was constructed by the social enterprise Goldfinch using sustainable materials, and other friendly suppliers rallied round with ethically sourced equipment and supplies. Our charming and enthusiastic barista Jose opened the kiosk from 7.00 am to 2.00 pm daily offering Fairtrade hot drinks to City workers and visitors, and has already attracted a good number of loyal regulars.

A church that remembers

We continued to hear during the year of the deaths of people both closely connected to the church and among its wider family, whether from Coronavirus or other causes, and we are aware that more several memorial services will be requested in due course. In the meantime we continue to pray for all those affected by the virus, for those caring for them, and for those who have died.

We were saddened to learn the news of the death on 9 April of HRH the Duke of Edinburgh, and our regular Wednesday service on 14 April was transformed into a solemn Choral Requiem in his memory.

As soon as it seemed safe to gather in large numbers once more, memorial services appeared, and several large services were held in the autumn months. Our first memorial service in church for eighteen months took place in early September with a packed church, and the collection at that service included the first income for the Organ Rebuild Appeal, partly through the intervention of Alderman Sir Andrew Parmley, who appeared that day as the distinguished guest organist. By chance the electronic organ failed that day and he had to accompany the choir and the hymn-singing of the capacity congregation on our stage piano, giving Fr David an excellent reason to plug the organ rebuild project! Shortly after that another memorial service took place for a former treasurer of Veterans Aid, a charity working with former service personnel who have become homeless. We had not previously encountered the work of this charity but were very impressed with what we learned about them - and they apparently with us, as they expressed a wish for St Botolph’s to become ‘their church’.

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In October we welcomed the Haemophilia Society for their annual Service of Thanksgiving and Remembrance for those who have died as a result of the contaminated blood tragedy. This moving service was closely followed by our own Commemoration of the Faithful Departed (All Souls) on 3 November which included the ritual, which many find so helpful, of the solemn reading out of the names of the departed while their relatives light candles in their memory. Fr David led the Armistice Day Commemoration at Liverpool Street Station on 11 November; for the first time St Botolph’s provided a singer for this short ceremony as well as a keyboard player. The following day we welcomed the Honourable Artillery Company, their Royal Colonel, HRH Prince Michael of Kent, and their Padre for the regimental Service of Remembrance. Two other large memorial services for City figures took place in church during November. Services in memory of Prebendary David Paton, our former Rector, who died in December 2019, had been planned in the Spring of 2020 but were inevitably postponed. They were finally able to take place in December: an evening Requiem Mass at All Saints Margaret Street (the church from where he went to ordination training) on Tuesday 14 December and a lunchtime Requiem Mass at St Botolph’s (his final parish post) the following day. Both services were livestreamed and have been much appreciated by Fr David’s family and his friends including those in the village in France where he spent his final years.

In fact many more people were enabled to join all these services online, and we have received many messages of thanks for offering the facility of livestreaming and recording the services. During the year the audio-visual equipment was enhanced by the purchase of a second microphone which proved helpful for services where more than one priest was present.

A church working charitably at home and abroad

We are grateful that, despite the ongoing depression in income, a small amount of charitable giving was possible in 2021. The PCC is committed to its role in assisting in a small way other charities wherever possible, and in 2021 continued its policy of supporting organisations already linked in some way with us.

During the year we continued our partnership with St Francis at the Engine Room in Tottenham Hale, and while this partnership continues the support of the Vicar, our Priest Missioner Fr Andrew Williams, will continue to be the object of our Lenten collections and almsgiving. As in previous years (when they were seen as Common Fund top-ups) it was agreed to make grants towards parishes less well off: St Francis at the Engine Room and St Mary’s Cable Street both received support in this way. In addition, grants were made among others to Christian Aid, and to St Mungo’s for its work with the homeless. MIND in Haringey was once again also one of the chosen charities for which we raised funds during Advent, along with our new friends at Veterans Aid. We also responded strongly to an appeal to the City churches for funding for school uniforms for a group of Afghan children, from among the families who had been airlifted out of the country, who had started at the Aldgate School in the autumn.

We were pleased to be able to act as agents in the processing of further charitable donations, and also, at times when bookings were permitted, to be able to offer our premises at greatly discounted rates for the use of local, national and international charities. We continued our close relationship with XLP (the ExCeL Project) based at All Hallows on the Wall in the parish. The school which we built in 2012 in the parish of St Barnabas, Songo, Uige, Angola (in conjunction with our former US partner church St Barnabas, Greenwich, CT) continues to overflow with many hundreds of local pupils. During the year we exchanged seasonal greetings with the parish (with the help of Portuguese-speaking translators), and Fr David was delighted to be asked to record the Morning Prayer service organised by ALMA (the Angola, London Mozambique Association), the Diocese’s link group with our partner dioceses in Lusophone Africa, on the very day in October that our own linked parish was being prayed for across the Diocese of London and beyond.

A church playing its part in the Diocese, and beyond

St Botolph’s has continued to pay its full share of Common Fund – at a significantly higher level as we now have a full-time priest - and so support the wider charitable work of the Diocese.

Christine Ferris and Alex Coles continued to represent St Botolph’s on the City Deanery Synod. We are grateful to them for their faithful attendance at meetings, and for their report on the Synod’s proceedings, presented to the Annual Meeting at the same time as this Report. This provides the PCC with an important link with the wider structures of the Church.

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During the year Fr David was elected as one of the clergy representatives on the City Deanery Synod Standing Committee, and he continues regularly to attend Deanery Chapter.

St Botolph’s once again supported ‘Thy Kingdom Come’, the annual Week of Prayer from Ascension to Pentecost, in conjunction with the Diocesan initiative ‘2030 Vision’.

We continued our membership of the Society of St Botolph, an informal linking of all the parishes in the UK and abroad dedicated to our patron saint.

The network of City church administrators and church workers, inaugurated in the early 2000s by Mhairi Ellis when she was Area Dean’s Assistant, and more recently enhanced by the addition of the administrators from the Westminster Deaneries, continues to operate. Now with Katrina Bradley (Administrator at St Lawrence Jewry and a former member of St Botolph’s congregation and PCC) at the helm, this network allows encouragement and support, assistance in need, and sharing of information across the Two Cities Area, although inevitably the liaison remained virtual for the larger part of the year.

A well-staffed church

St Botolph’s benefits greatly from knowledgeable and dedicated staff. Paul Gibson and Mhairi Ellis have contributed greatly to the success of St Botolph’s for many years, yet remain innovative and focused in their work. Fr David and the Churchwardens are particularly thankful to the staff for adapting with good grace and flexibility to the unusual and frequently changing working practices which have been necessary during the ongoing pandemic.

In all that we do at St Botolph’s, we endeavour to reflect the Christian ethics by which we live. In this respect we are very fortunate to have staff who openly share the ethos and aims of the church. When the staff are all working from the church, formal staff meetings are held each Monday morning, but during the greater part of the year the pattern of twice-weekly Zoom staff meetings initiated during 2020 continued.

Mhairi and Paul had to be furloughed for a day and a half each week from January to September. They continued to work entirely from home until the end of August, but from September returned to working at the church for one or two days a week. New IT equipment was necessary to support this new working pattern, and we are as ever grateful to Andy Newman for his expertise, and for his willingness to spend the additional time necessary to visit St Botolph’s remote outposts to upgrade and replace equipment and software.

The staff proved themselves willing and able to take on new roles and learn new skills whilst working from home and then working in the new hybrid pattern, and continued to take advantage of online training sessions run at no or little cost by various organisations and charities to extend their knowledge in various areas relevant to their work.

Throughout the year the staff deal with many genealogical and historical queries, both from visitors to the church and in enquiries by email and telephone. They are always learning something new about the fascinating buildings in which they have the privilege to work. Occasionally we are offered gifts of historical items relating to the church which are gratefully received and carefully looked after.

Mhairi, having been appointed Parish Clerk of St Botolph’s following the resignation of John Hughesdon in 2017 and elected to membership of the Worshipful Company of Parish Clerks in 2018, continued to represent St Botolph’s during 2021 with attendance at the Company’s services and functions, still mostly online.

Our main caretaker, Tommy Lacken, continued to work cheerfully and efficiently at church, remaining Fr David’s constant companion in the building and in services for the greater part of the year until the other staff returned, and welcoming hirers and visitors to the church. Tommy has remained willing to turn his hand to any new and unusual tasks demanded by the ongoing pandemic situation. He has acted as server for all the Masses, and has become expert in the complexities of the audio-visual equipment. His willingness and enthusiasm has been greatly appreciated by all. When the Antiochians returned on Sundays, and the Heroes Band on Mondays to use the Hall, assistant caretaker Jeff Parkinson returned to his role as well. However, with Tommy working full time from early in the morning – even earlier when the coffee kiosk opened – it was apparent that further caretaking assistance would be necessary to allow the church to return to its former normal opening hours, and a suitable candidate was being actively sought in many quarters as the year came to a close.

Caretaker pay was once again increased in line with the London Living Wage.

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FINANCIAL REVIEW

The 2021 financial year has seen an improvement from the dire position in 2020 but not a full recovery to the pre-pandemic levels of 2019, and consequently 2021 continued to be an extremely challenging year for the parish with income still substantially below that of pre-pandemic years as a result of remaining restrictions arising from the Covid pandemic, which continued in some form throughout the year, and the slow return of people to the Bishopsgate area. Expenditure increased in 2021 resulting in an operating deficit of £52,715 representing an improvement on the 2020 deficit of £94,467 but still significantly worse than the modest deficit of £8,422 in 2019.

Income

In general, parish income was significantly higher in 2021 at £303,638 over the 2020 figure of £201,790 but still well below the 2019 figure of £407,151. The continuing closure for part of the year of the church and its facilities had a major impact on the commercial income generated from Church Hall lettings, Netball and Tennis Court receipts and the hire of the church which recovered to £53,659 in 2021 from £31,904 in 2020 but still far short of the figure of £115,872 in 2019 which represents a more typical year in the pre-pandemic period.

Income from General Fund donations recovered to £37,665 in 2021 from £16,698 in 2020 and close to the 2019 figure of £39,838. Service collections also recovered as the Church reopened for regular services to £4,193 in 2021 from just £448 in 2020 but still below the figure of £8,902 in 2019. However, these service collection figures only capture collections actually taken in services which were only permitted from October 2021 onwards and donations were made in other ways and recorded under other headings which partly accounts for the increase in the other donations category which recovered to £24,477 in 2021, representing a substantial improvement over the 2020 figure of £12,705 and actually ahead of the figure of £22,813 in 2019.

Income tax recovery also saw a significant recovery to £7,617 in 2021 from £2,807 in 2020, reflecting the increased eligible income on which to make Gift Aid claims.

The grant received from the Bishopsgate Church Foundation was £52,348 for 2021 against £35,035 in 2020 in part to assist with minor works expenditure in relation to unexpected fabric expenditure, including the replacement of the church alarm system, and the organ project expenses.

The Parish Voluntary Rate in 2021 increased to £41,659, including one very substantial donation of £20,683, from £28,126 in 2020 and ahead of the 2019 figure of £39,087 which is very encouraging at a time when most other businesses in the City are also facing major financial challenges and reflects the strong support of our local business community and our continuing outreach to business.

In contrast, investment income arising from the unrestricted funds fell slightly from £31,419 in 2020 to £29,620 reflecting the disposal of some units in the CCLA CBF Investment Fund and the CCLA CBF Property Fund. However, the resilient income distribution policy and performance of the CCLA CBF Investment Fund has seen a slightly higher distribution per unit which has served us well.

Expenditure

The total expenditure figure for 2021 of £356,353 was higher than the corresponding figure of £296,155 for 2020 and is below the far higher 2019 figure of £415,573, and reflects lower costs as a result of reduced operational activity in 2021 as a result of the pandemic although at a higher level than 2020. We were able to reduce employment costs and to protect staff through our continuing participation in the Government’s Coronavirus Job Retention Scheme which ended on 30 September 2021 which enabled us to furlough staff for a significant part of the year with total financial support of £10,004.68.

Overall, total expenditure in 2021 of £356,353 exceeded total income of £303,638 giving rise to a still significant deficit of £52,715 for the year compared with a much bigger previous year deficit of £94,467 in 2020.

Investments

Investment performance during 2021 remained volatile with downturns in the first quarter of 2021 and again in October but with an overall continuing recovery from the opening position at the beginning of the year to the closing position at the year end. The valuation of investments managed by CCLA benefited from improving markets during 2021 which led to unrealised gains of around £210,000 or an increase of around 13.9% over the year from an opening balance of £1,517,162 to a closing balance of £1,727,820. The Rectory, whose acquisition was funded by the realisation of investments assets in 2018, is shown in the balance sheet under tangible fixed assets at an original acquisition cost of £655,000.

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The Finance Committee continues to monitor investment performance and conducted a thorough review in 2021 resulting in the production of a new detailed investment policy and some asset allocation changes. In particular it was decided to disinvest the holding in the CCLA CBF Property Fund, which had been subject to suspended trading during 2020, to reinvest in the more liquid CCLA CBF Investment Fund. Since the financial year end on 31 December 2021, there have been significant effects on investment markets with rising inflation and geopolitical events leading to great volatility in markets in the first quarter of 2022 and in particular since the invasion of Ukraine in February 2022 with implications for the valuation of investments managed by CCLA and income arising from those investments. Our investment strategy and asset allocation will be kept under review in the light of further developments.

Significant Post Balance Sheet Events: Covid-19

Since the financial year end on 31 December 2021 the Covid-19 pandemic restrictions imposed by the Government have been largely lifted but the potential for income generation is still unclear as to when our commercial income is likely to recover fully although income from our CCLA investments and the letting income from the Rectory remain resilient. Market turbulence as a result of geopolitical events and macro-economic developments since the year end may affect the capital value of our unrealised investments with CCLA. Our activities as a parish together with our investment strategy and asset allocation are being kept under continuous review in the light of further developments. Rising inflation and increasing costs also pose a challenge. However, notwithstanding these developments, the Parish has sufficient reserves to continue operating. Hence the Trustees consider that there are no material uncertainties about the PCC’s ability to continue as a going concern.

Reserves policy

During 2017 the Council approved the Finance Committee’s proposal that £70,000, representing three months’ salary and essential running costs, should be borne in mind as a basic reserve fund, although it was not necessary to set it aside separately as the General Fund already had substantial reserves in investments which could be readily called upon. The Council remained committed to re-building the Fabric Fund which had been depleted by the Quinquennial works in 2015-17.

Stewardship

St Botolph’s operates a planned giving envelope scheme into which several congregation members have entered, and others give regularly by standing order. Gift Aid is reclaimed wherever applicable.

Alternative methods of donation and support

The church’s income continued to be depressed both by the lower levels of bookings of church, Hall, and Court, and by the lack of service collections, which were not permitted until October. Throughout the year service sheets, email circulations and website announcements gave gentle encouragement to those who would normally give regularly in services or occasionally by other means, to consider, if their own financial circumstances permitted, making a regular or one-off donation to support St Botolph’s, and this approach bore some fruit.

The Council entered into a contract with the contactless and mobile payment company SumUp in 2019, and contactless payment as an alternative to cash donations in services became more common as awareness was raised. Following further research by the Verger, a new static contactless device was installed in church in February, and its use increased steadily throughout the rest of the year.

Since the launch of the new website it has been very easy for donors to make credit card payments online via the Stripe platform.

The Administrator had registered St Botolph’s with Amazon Smile during 2020, and in 2021 added two further organisations which facilitate charitable donations during online shopping: Give as you Live and Easy Fundraising. Sadly there has been very little take-up on these, although some small donations have resulted.

Statement of Trustees’ Responsibilities

The Council is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Parish and to prevent and detect fraud and other irregularities. The Council confirms that suitable accounting policies have been used and applied consistently, and reasonable and prudent judgements and estimates have been made in the preparation of the financial statements for the year ending 31 December 2021. The Council also confirms that applicable accounting standards have been followed and that the financial statements which appear with this Annual Report have been prepared on a going concern basis.

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FR DAVID REFLECTS ON THE YEAR 2021

The year 2021 has been a time of picking up. Picking up where we left off. The onset of the Coronavirus pandemic in early 2020 threw everyone’s plans and hopes up in the air. As they slowly started to land when lockdowns and restrictions were gradually lifted, we all began to pick up where we left off. We did the same here at St Botolph’s, and as we started to pick up again, we have reflected on what we have missed and what we have learned.

If there is one over-riding theme to 2021 here at St Botolph’s it is relationship, that is the importance of relationships. From when it became legal and possible to meet in person again, I have endeavoured to re-establish the church’s presence amongst the community here in Bishopsgate and beyond. We now have a closer and deeper working relationship with our associated organisations including Livery Companies – the Bowyers, the Leathersellers, the Coopers, and the Fan Makers – the Honourable Artillery Company and the London Rifles, the Haemophilia Society and many others.

I have become more directly involved with the Central Foundation School for Boys, and School for Girls as a trustee on their board, as well as taking on a more strategic role with the Bishopsgate Institute of which I am also a board member. In addition, we have had closer involvement with the youth charity XLP, with the Ward Club, and our Common Councillors for Bishopsgate.

During 2021, after we held a memorial service for a senior member of the board of Veterans Aid, we have developed a close relationship with the organisation and have officially become the charity’s church. This reinforces our role with the military and with relief of homelessness. Veterans Aid runs a large and comfortable hostel in east London providing a temporary home for homeless ex-service men and women. The charity helps its clients find their feet again and assists in finding them permanent accommodation and jobs. It is successful in finding suitable and permanent housing in 90 per cent of cases. The charity went on to hold a successful first carol service at St Botolph’s in 2021, and by the end of the year we were discussing plans for another carol service in 2022 and a special service to mark Veterans Aid’s 90[th] anniversary.

Broadening our outreach, we have officially become a member of Inclusive church. Our Good Coffee Kiosk, which opened in the Bishopsgate porch of the church in September, is growing in popularity and drawing local office workers and tourists into the church.

We have picked up our working relationship with other neighbours including Fr Chris Vipers, the Roman Catholic priest at St Mary Moorfields, who preached at our St Botolph’s Day service, Liverpool Street Station, the management of the Andaz Hotel next to Liverpool Street Station, and the newly opened Pan Pacific Hotel opposite the church. A plethora of delayed memorial services has brought hundreds of new visitors to St Botolph’s, as too have postponed weddings and marriage blessings, all of which are important relationship-building events.

I am conscious that this enthusiastic drive to pick up and revive existing relationships post pandemic, and forge new partnerships, has meant a significant increase in workload for St Botolph’s staff, all of whom deserve a special mention and thanks. Without our staff’s dedication and commitment, St Botolph’s would not have the presence and strong and friendly relationships which are so valuable to our Christian existence. I am extraordinarily fortunate to have such able and supportive people around me and am immensely grateful for the work they do and for their friendship. All of the above is achieved whilst we continue to hold nearly 200 Masses and services a year, livestreaming the majority to an increasingly growing online audience.

Thank you too to the loyal Churchwardens, members of the PCC and regular members of our congregation for your support and fellowship throughout the year. I pray that together we will work to continue to enhance St Botolph-without-Bishopsgate’s presence and relevance to the various communities we serve.

In fellowship with Christ and with God’s love and blessings, Fr David

OUR THANKS

St Botolph’s continues to flourish due to the dedication and support of many people: those who have been named in this report and countless other parishioners, friends and organisations who support us with their resources and their prayers. The Rector, Churchwardens and PCC continue to give thanks to Almighty God for his many mercies in the life of St Botolph’s, and for the increase of God’s Kingdom in this place.

On behalf of the PCC

The Revd David Armstrong, Rector, Chairman May 2022

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CHARITY REGISTRATION LYO. 1135985 PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOLPH WITHOUT BISHOPSGATE UNAUDrrED FINANCIAL ACCOUNTS YEAR ENDED 31 DECEMBER 2021 LEVICKS Charter¢d Accountants and Business Advisers 61 ￿)ndOn Road Maidstone Kent MEI 6 8TX

PAGE I PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOI,PH WITHOUT BISHOPSCATE Administrative Information Rector.. The Reverend David T AtllLstrong Bankers; Alli¢d Irish Bank (GB) IDdependeDt Euminer: J A Grigg8 FCA Levicks Chartered AC￿)lln￿ & Business Advisers 61 London Road Maidslone Kent ME16 8TX Colltellts: Pige Rcport of tbe Independent Examiner Statcment of financial activities Balancc shecl Notes to thc accounts 5-15

RNDEPENDENf EXAMINER9S REPORT TO THE JIEMBERS OF ST. BOTOLPH WITHOL T BJSHOPSGATK PAROCHIAL CHLRCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2021 PAGE 2 I rq)ort on the accounts of the St BotoIph without Bishopsgatc Parochial Church Council (PCC) for the year ended 31 Ikccmbcr 2021, which are set out on pages 3 to 15. in respect of an examination caTried out under the Church Accounting Regulations 21x16 and s￿lI0n 145 of the Clwities Act 2011. Respeetive respoDsibKlities of members and eMmitter Th¢ mcrllbcrs are respoA)8ible for the prepardlion of the accoullts. Thc manbers consider that 8n audit is not requtred for this year under seaion 144(2) of the Charities Act 2011 (thc Charities Act) and that an independent examinatiotL is neca￿. Incom¢ exc¢¢d￿ £250,IXX) and I am quaiified to undertake the examination by being a qualified merllber of the Institute of Chart¢r&4 A¢xountants England and Wales. It is my responsi￿AlitY to: cxamine the accounts utthr 5CCtion 145 of the Charxtxes ACL to follow the procedurcs laid down in th¢ Gffl¢ral Directions given by the Charity Commissioner under section 145(5)(b) of the Clwilies Acl. and to statc whdher particularmattus have come to my attention. Ba8ls of Independent examiner'5 repDrt My cxaminatinn w&8 carried out in accordancc with thc Gcnernl Directions given by the Charity CommissioL An examination includes a review of the accounting records kept by the Par(*hial C"hurch Council and a ¢omp8ris(m of th¢ accoun18 presented with those records. It also include8 Collsidcrntion of any unusual items or disclosures in the accounts. and thc sccking of ¢xplanalions from you as members eoncerning any such mattcts. The pn)cedures undertaken do not provid¢ all the evid¢nce that would bc Tcquircd in an audit an(L coDsequcntly, no opinion is given as to whether the accounts present a 'tsu¢ and fair vi¢w' and the rq￿ is 11rnit￿ to those mattcrs out in th¢ stat¢m¢nt bclow. Independent eiamitter's statement In connection with my &xaminatIo￿ no mataial matters have come to my attcntion which gives me cause to believe that in any mat¢rial rwt: the accounting T￿Onts WLYC not kq)t in accoTdancK with wtion 130 of the Clwiti¢s Act; or the accounts did not ￿¢0[d with th¢ accouthg rccord4' or the accounts did not comply with the applicable rquircmcnts concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 othcr than any requirement that the accounts give a 'trne and fair, view which is not a matter con8idered a8 part of ￿ independent I have come across no other matters in conn￿tIOn M'ith the examination to which attention should be drawn in this rq)ort in order to enable a proper und¢TstaTthng of the accou￿ to be reachu]. 61 tAmdon Road Maidstone Kent ME16 8TX J A GRIGGS FCA CKS Clwt¢rd Accountants & Business Advisers 16 June 2022

PAROCHIAL CHURCH COUNCtL OF ST BOTOLPH WITHOUT BISHOPSGATE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EY4DED 31 DECEMBER 2021 PAGE 3 Note Unrestricted Re8¢ri¢ted Endowrynent Funds Funds Total Funds 2021 2020 INCOME FROM: Donations and legacies Charitablc activittcs Oihcr Investments 2{ay(b) 2(c) 2(d) 2(e) 3,593 137,765 54,109 66,581 45,633 83,306 31,904 41,214 45,366 54,109 66.581 29,620 5,071 10,942 TOTAL INCOME 284,482 10,942 304,088 201,790 EXPENDIIURE ON: C.haritablc activities 3(ay(b) 3(0) 322,180 28,291 5,882 328,062 28,291 274,469 21,788 TOTAL EXPENDITIJRE 350,471 5,882 356,353 296,257 NET INCOMFJ (EXPEP4DITLRE) (65,989) 2,782 10,942 (52,265) (94,467) Profitl(loss} on disposal GAINSI(LOSSES) ON INVESTMENTS 7,579 1,726 1,642 10,947 (335) 129,192 21,020 50,268 21M),480 84.739 Investments transfers NET MOVEMEYT IN FUNDS BEFORE TRANSFERS 70,782 25,528 62,852 159,162 (10,063) TLL4NSFERS 10,471 471 (10.942) BALANCES BROUGHT FORWARD AS AT I JANUARY 2021 BALANCES CARIUED FORWARD AS AT 31 DECEMBER 2021

PAROC'HIAL CHURCH COUNCIL OF ST BOTOLPH WITHoirr BISHOPSGATE BALANCE SHEET AS AT 31 DECLMBER 2021 PAGE 4 Notc Unr¢slriC￿I Restrided Endowment Funds Funds Funds Total Funds 2021 2020 FIXEb ASSETS Jnve8tments Tangibl¢ fix¢d ass¢ts 4(a) 1,108.745 185,349 655 059 433,726 1,727,820 1,517.162 1,120,375 840,408 433.726 2.394,509 2.184,637 CURRENf ASSETS Debtors Cash at bank and in hand 20,701 20,702 56,217 112526 35,471 75.072 110,543 168,743 Liabilitics.. AnK)unts falling due witbin one year 610 NET CURRENT ASSETS 80 975 LL85 F4ET ASSETS PARISH FUNDS: General Fund Fabric Fund Furnithings Fund Rectory Fund cl￿gY Housc Fund (Pages9& 11) Alan P Greenaway Bell Fund (Page 10) . Cotts Housc Fund (Page I l) Car Fund agell) Repair Fund (Page I l} Tottenham Hale Fund (Page 10) R￿tory Maintenance Fund (Page 10) Organ Rebuild Fund (Page 10) (Pages 7 & 8) 1,126,888 1,126.888 1,045,635 76,120 65,648 86,768 74,857 655,059 655,059 46,956 41,561 5,423 6,282 284,943 249,712 lo,￿0 10,000 131,965 115,450 76.120 86,768 655.059 40.138 5.423 6.818 284,943 10,000 131.965 49,279 2,083 49,279 2,083 52,118 Rev D Amistrong . Cbaintwi F E Curtiss- Menther 24 May 2022

PAROCHIAL CHLfRCH COUNCIL OF ST BOTOLPH ITrTfHouf BISHOPSGATE 14OTES TO THE FINANCIAL STATEMI EYT3 FOR THE YEAR ENDED 31 DECETrIBER 2021 PAGE 5 I. ACCOUNTING POLICIES Basi5 of preparation and *s8essment of going concern Th¢ financial stslements have been prcparcd under the historical cost convention with items r￿gnised at cost or transaction value unless oth¢ThYisc stated in the relevant nol&s to these accounts. The fJnatKial ststLunenls have be¢n prepar￿ iii a¢cordan¢¢ with the Siatemellt of R¢xonrnended Practice: Accounting al￿ Reporting by Charities preparing their accounts in aceordance with the Fitwicial RqM)rting Stsndard FRS102, the C]]aritics Act 2011 and the Church A¢counting Regulation8 2(XTr6. The trustees consider that thcrc are no matuial Ur￿ertaintieS about the PCC'S ability to continue as a going The accounts include all transactions, asscts and liabiliti￿ for whi¢h the PCC ¢an be h¢ld responsibl¢. They do not inolude the accounis of church groups that ow¢ their main affilialion to another LKXI)" nor those that are inforn)al gathcrings of church mcmbcrs. The PCC constitutes a public benefit entity as defmd by FRSIO2. FUNDS General Fund represents the fund of thc PCC that is not subj￿1 to any special restriction regarding its use and is availablc for application for thc general purposes ofthc PCC. All of th¢ othcr funds arr rcslriclcd as to their use. They rcprcscnt the monics given throughout th¢ year for the benefil of a wide range of purposes. The PCC is required to apply these fLmds for the purpose dictated by the donor. Endowment funds are restrict￿ fimds whcrc either money or assets have beeTh given to the church with the specific instruction that only the inc4)me gained can be Spent or as8ets donateAJ for continued us¢ by the church or for capital growth. Endowment funds are accountcd for in accordancc with the spccifi¢ requirements olthc fimding th)nor. INCOME RECOGNtrIoN Voluntsry incorne and capital sources.. Collections are recognised when r￿e1v￿ by or on bebalf of the PCC. Income l&x rtxoverable on gift aid donations is re£ognisc4J Thhcn Ihc tsx is r￿￿'trable. Grants and legacies to the PCC are accounted for as SAion a5 the PC.C is notified of its lewdl entitlemcnt. th¢ amount due is quantifiabl¢ and its ultimate receipt by thc PCC is c4)llsidered probable. Income from tnvestments.. Dividends and interest are accountcd for when rettivablc. Wherc separate inveslmcnls arc held for funds interest is ¢r&lit¢d lo that fimd. Other int¢r¢8t 18 apportioned to individual fLmds on an aycrdge balarKe basis. EXPEIYDrruRE RECOGNTrioy Grants and donations are accounted for when paid over. or wh¢n aw￿101 if th¢ award ¢r¢ates a binding obligation on the PCC. Activitics directly relating to the work of the Church.. The Common Fund Parish Share is accounted for when payablc. Any Parish 8hfft unpaid at thc year end is proTrided for as a liability and shown as a creditor on the bala￿e sheet. Insurance: The cost of the insurance policy premiulljs retstllhg to the ChU￿h itself are mel by the City Churches Grants Committee. Thc Church pays the premiuD]s relating to the w)Itcies covexing its other activities. Oth¢r expe￿Ilture. All oiher expenditure is a￿Unted for as incutraj or when there is an ob]igation for payment atkd is account￿ for gr088 of VAT.

PAROCHIAL CHURCH COLNCIL OF ST BOTOLPH w￿HOUT BISHOPSGATE PAGE 6 NOTES TO THE FhYthCLIL STATENIENTS (CONTIiIUED) FOR THE YEAR E,NDED 31 DECEIIBER 2021 FIXED ASSETS AND DEPRECL4TION con￿rated land and buildinES and moveable Church furnishings.. Conwrated and b￿￿fj¢lal property is cxc]udcd from the ac£ounts as perniitted under the Charities Aet 2011. No value is placed on moveable Church fiullishings held by the Churchwardens on sp￿la1 ttrust for the PCC and whieh require a faculty for disposal, sillcc the PCC considus this to be inalienable property. All exp¢nditur¢ incurred durAng the year on cOnS￿ratc￿ or benefice buildings and moveJble church Iurni8hings, whcihcr maintenance or improvement, is writtcn off &s exp￿lture in the stalment of financial auivitit¥ and separatcly disdosed. Property, fixture4 fittings, office and electronic equipment.. Each individual itcm of propcty aThd equipment, costing £9 or Ulore. used within the Church premises and or for the puryyoscs of thc tninistry. is ¢apitalis¢d. Depreciation is pmi'ided OTh the cosi less residual value over the currcntly anticipatcd us¢￿1 economic life of the asset at the following rates. V¥There residual value excthjs cost no depreciation is provided. Officc furnitur¢- 200/0 Straight Lin¢ OffLce Equipment- 6 years Slraigh¢ Line Rectory- nil INVESTMENT GAINS ALYD LOSSES Inv¢slm¢nts are 8la¢¢d a¢ mark¢t valuc and the a[￿lla1 Ul￿eall5￿ gatn or Ioss 18 shown in the statement of finmcial tivities. R￿liSed gains or losses are Sho￿ll w,hen the investment is sold. Investments are held to generate fund8 for the PCC. FUND TIL4NSFERS Transfers between fi￿d8 are included only where restridions perniit such transfers or it is necessary to properly reflLXt thc ulldttlying assds of the fijnds. CURRENT ASSETS Amounts owing to the PCC at 31 Decanber arc Shown as debtQTS. Prepayments represent sunjs paid prior to the balance sheet date in r• of expenses relaung to the followitig CURRENT LIABILITIES Crditors and accnuls reprewt sums irrevocably committed for paynent ptior to the balanG¢ sheet date which were not settled as at that date. RETIREMENI BENEFrr SCHETr The PCC operates a defined contribution pension scherne to which all paid employ￿ are invital to contribute. Employer's pension ¢ontribulion8 atnount to 5Q/o of gross salaTr made each month and emploY￿S a minimum of 411/D of gross monihiy Salary. The schemc complies with th¢ r￿Uirements of auto enrolment and provide8 a wlsion for members, payable from retir¢m¢nL accumulated from contributions paid dwing employment.

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH IIITHOUT BISHOPSGATE PAGE 7 NOTES TO THE FINAF•CIAL STATE￿lE￿'Ts (COI%TLYtiED) FOR THE ￿AR EliDED 31 DECEII IBER 2021 UNRESTRICTED FUND. GLYERAL FUND 2. INCOME 2021 2020 2(a) Donations Collection8 at seryices Alms box and candles Donation8 Income tax recovered 4,193 1,378 24,477 7,617 448 738 12,705 2,807 37.665 16,698 2(b) Grants and voluntary ratcs Grant - BAshopsgate Church Foundation (Rector and Wardcns Fund) Parish Voluntary Church Ratc Burial ground grant 52,348 41.659 2,5 35,035 28,126 96,507 65,911 2(c) Charitable activities Hatl lettings Netball and tennis rcccipts Hire of church Ethical coffee sal&8 25,248 27,5LI 900 450 18,461 12.264 1.179 54,109 31,904 2(d) Othtt income Bell fees Musio fees Li¢¢w¢ fees Church fe Reclory income Job ret￿tion scheme (furlough) *s 1200 17.304 11,206 466 7,582 5,727 26,905 10,005 66.581 40214 2(¢) InV¢stM￿ts CBF Investmeut Fund dilidends 29,620 30,242 TOTAL INCOME

PAROC.HIAI, CHURC.H COUIYCIL OF ST BOTOLPH W'ITHOUT BISHOPSGATE PAGE 8 NOTES TO THE FINANCIAL STATEThIEI%TS (CONTIJUED) TrOR 'I'HL YbAR LNDED 31 DECEItBER 2021 tiNRESTRtCTED FUI)D - GLIERAL FUliD 3. EXPENDrruRE ON CHARITABLE ACTITrITIES 2021 2020 3(8) Grants and donations Missionary and charitable givlng 3(b) Activities directly relating to th¢ work of the Church MÉnisty - rectory maintenan - Rector expen . locum pri¢sts Staff rwiun¢ration and benefits Stafypension Contributions Church maintenance Hall maintenanc¢ Church running costs Hall running costs Ci)urt running and maiTLtenance costs Organist, choir and mugic Bell rAngers' fees Dioccsan Con)monFund Housing allowanc¢ Church senTice requisites and seryice b(K)ks Hospitality, oulreacl rnission and engagement General CKpcnK Provision for depr￿latIO￿ Profe8sional f Fee assignment Quinqu¢nnial works OTgan rebuiia pr¢liminary expens 7,112 153 720 98.233 7.394 20,049 4,237 17,296 16,814 433 37,365 1,2(N) 72,51K) 16,0(J) 2,776 367 3,173 786 3,960 1.156 108 80,076 7,189 5,627 3,863 14,778 10,380 378 23,428 72,500 16,000 481 3,514 786 211 247 274 3(c) Other Bank charges Advcrtising and publicity Printing> poslagc and ststionery Telephone and broadband Bookkeeping and accountancy fees Computer GODsultan¢y support s¢rYiccs and S￿￿lty 707 1,892 4,767 5,634 6.000 604 3.102 3,297 3,097 TOTAL EXPENDITURE NET INCOMFJ(IXPENDTfuRE) ProfiVOoss) on disposal GAIf*S AND (LOSSES) ON INVESTMENTS (65,989) 7.579 129.192 (93,843) (296} 54,350 Invcstment traL8fer to restriclcd Sjnds ET MOVEMENT IN FUNDS BEFORE TRANSFERS 70.782 (87,031) 10.471 10,158 BALANCES BROUGHT FORWARD AS AT I JLN. UARY 21)21 BALANCES CARRtED FORWARD AS AT 31 DECEMBER 2021

PAROCHIAI, CHURCH COITNCIL OF ST BOTOLPH ITrTfHOUT BISHOPSGATE PAGE 9 NOTES TO THE FINANCIAL STATEI¥IENryS (CONTIliUED) FOR THL YLAR ENDED 31 DECEIMBER 2021 RESTRICTED FUYDS 2. INCOP¥lE Fabric Fund 2021 2020 Furnishillg Fund 2021 2020 Clergy House Fund 2021 2020 Rectory Fund 2021 2020 2(a) Donations Collections at services Donations 2{e) InveStMe￿ts Bank deposit interest CBF Dep08it Fund interest CBF Investment dividends 1,145 1982 1,305 2,154 2.085 914 827 TOTAL INCOLII 1982 1,305 3299 2.085 914 827 3. EXPENDITUR 3(b) Activities directly relating to th¢ work of the Church Rector's expen8e8 liectory maintenance Church service requi8itss attd servi¢¢ books Furnithings Quinquennial work8 I,J60 12,016 TOTAL EXPKP*DITURE 1,360 12.016 NET INCOMEIIEV- ENDITURE) ,982 1.305 1,939 {9931) 914 827 Inyestment tronsfer from g¢nerdl fimd 43,156 4,086 GANS AND {LOSSES) ON INVESTMENTS 7.445 2,858 9.476 4.018 4.1)99 1,757 ProfiV(108s) on di8PO881 1,045 496 182 NET MOVEMENT IN FUL¥DS 10,472 47,319 11911 (5913) 5,195 6,670 TRANSFERS 36 55 BALANCES BROUGHT FORWARD AS AT l JKN'UARY 2021112021 BALATrICES CARRIED FORWARD ASAT 31 DECEMBER 202012021

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH IIThHOUT BISHOPSGATE PAGE 10 NOTES TO THE FINANCIAL STATEThIENTS (coYfiyuED) FOR THE YF.AR ENDED 31 DECFMBER 2021 RESTRicfED FufiDS 2. INCOMK Rectory Rebuild Maintenance Fund Tottenham Hale Fund Alan P Greenaway Bell Fund 2021 2020 2021 2020 2021 2020 2(a) Donations Collections at 8ervi¢e8 Dotvdtions tll¢ome ￿ recovered 2(d) Other Dilapidations 2(e) Investments Bank deptssit interest CBF D¢posit FuTLd tnterest CBF Inv¢5tm¢nl Fund diYid¢nds 2.083 313 52 602 95 21 49 TOTAL INCOME 2,083 21 1.049 365 697 191 3. EXPENDITLERE 31a) Grants and doDatton5 3(b) Activities directly relatlng to the work of the Church Mission, hospitality, repre8entation and enBagement Maintenance and repairs Grant to prie6t m£&8ioner 61 2,860 3.392 862 376 800 1.6 TOTAL EXPENDTfuRE 2.860 3.392 8(M) 1,661 862 376 NET INCOMEI(EXPKliDITURE) 1083 (2,839) (2,343) {435) {964} (862) (185) Profitl(loss) on disposa] (39) GAINS AND ILo&gL8) 01¥ INVESTME)TS (40) Inv6strnent trattgftr from general fimd NET MOVEMENT IN FUNDS BEFORE TRANSFfRS 2,083 (2.839) (2J43) (4351 (964) {859) (264) TRANSFERS 435 454 BALAP4CES BROUGHT FORWARD AS AT I JANUARY 202012021 BALknCES CARRIKD FORWARD AS AT 31 DECEMBER 202012021

PAROCHIAL CHURCH COLINCIL OF ST BOTOLPH IVITHOL T BISHOPSGATE IYOTES TO THE FINANCIAL STATEMEM3 (CONTINUbD) FOR THE YEAR ENDED 31 DECEI¥IBER 2021 PAGE 11 2, INCOM RepaRI Fund Clergy Ho Fund Coth House Fund Fund 2021 2020 2021 2020 2021 2020 2021 2020 2(a) Donation8 g(e) Inve8tmenl8 CBF Deposit Fund interest CBF knvestMentFl￿d dividend8 23 32 42 3.349 3234 33 7,552 7,336 TOTAL ￿Com 3,349 3234 36 55 42 7,552 7,336 3{b) A¢tivitieg directly relatitig to th¢ work of the ChuTch TOTAL EXPElYD￿URE NET ILyCOMEI(E￿EIYDrrURE) 3,349 3234 36 55 42 7,552 7,336 PIofit orn disp)sal GAINè+ Af*D (LOSSES) OTr1 INVLSTiTrlbN'I'S 1.642 33,589 16,515 7,429 164 74 14,293 Iyb'l. MOVLMkN'I' IN FU.YDS BbVORE TRthSTrERS 19,864 10.663 200 129 42 42,783 21.629 TrANSFERS (3.349) {3234) (36) (55) (5) (42) (7,552) (7,336) BALANCES BROUGHT FORWARDASATAJANUARY ￿1Q 2D2012021 BALANCES CARRIED FORM'ARD AS AT 31 DECEMBER 2021112021

PAROClttAL CHURCH COLT￿C￿ OF ST BOTOLPH WITHOUT BISHOPSGATE NOTES TO THE FINAI%CIAL STATE.NIEtSTS (COThTThIED) FOR TIIE YEAR F,NDED 31 DECEMBER 2021 PAGE 12 FIXED ASSETS (a) Investments Unrestrictcd Restrictcd Endowment Total Market value as at 31 December 2020 Additions at cost Disposals al mark¢t value Profit on disposal Ga1￿{Loss) on revaluation 971,974 77,785 (77,785) 7,579 129.192 163,37? 17.688 (18,457) 1,726 21,020 381,816 16,850 (16,850) 1,642 50,268 1.517,162 112,323 (113,092) 10,947 200,480 Markct valu¢ as at 31 De£ember 2021 1.108.745 185,349 433,726 1,727,820 Historical c4)$t as at 31 D￿¢mber 2021 338,203 176.688 199.261 555,152 Inv¢stments are held in the Church of England CBF'S Investment Tncome and CBF Dwsit Funds, (b) Thngible Flxed A$sets Fiytures and Equipment Reetory Totsl Cost Opening balanc¢ l January 2021 22,304 655,059 677,363 Closing BalarAce 31 D￿embtr 2021 22.304 655,059 677,363 Aecumul4ted Depreciation Op¢ning BalpJ]ce l January 2021 Provision for the Year 9,888 786 9,888 786 Closing Balance 31 Decanber 2021 10.674 10.674 Net Book Values Op¢ning Balance l Jalluary 2021 12,416 655,059 667,475 Closing balan¢¢ 31 Ikcember 2021 11,630 655.059 666,689

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH wrrHOUT BISHOPSGATE NOI'L'S TO THE FINANCIAL STATLTrIE'liTS {COINTIT%UED) FOR TIIE YEAR ENDED 31 DECEMBER 2021 PAGE 13 DEBTORS AND PREPAYMENTS 2020 Monies owed by restricted fi￿d8 to unrestricted funds Debtors 610 20.092 2,392 53,825 20.702 56,217 Dcbtors as at 31 December 2021 includ&8 thc following. donatiODS £1,840, ￿￿81C frLS £1,428, gift aid £3,976, voluntary church rate £9203, IHII hirc £7?7. liccnce fees £1 ?52 (?020,' doDations £1,541, gift aid £11,865, voluntary church rate £15.726, music fees £4.480. hall hire £3.568, court hire £2,440. Bishopsgate Church Foundation £4,955, HMRC £4.(K)O. water oNercharge refi]nd £3.2071. LL4BILrriES: AMOUNTS FALLING DIIE WITHIN ONE YEAR 2021 2020 Monies owed by restricted futkds to unrestricted funds Cr¢ditors Amounts owed to group undertakings (not¢ 13) 610 27.996 962 2,392 34,666 29,568 37,058 Creditors as at 31 De￿nber 2021 includes the followAng' court bire fees in advance £2,340, hall hire in advanc¢ £1,788, accountancy fees £6,000, agency £4:819, staff pension contribution8 £3,339, HMRC £2,542. mission £2,750, church utility costs £923, hall hire rcfulld £l,Oi)0 (2020. court birc fces iti advance £13,610, hall hire in advancc £975, accountancy £6,000, agcncy £6.018. staff pension contsibutions £2,547, HMRC £2,310, mission £i,O¢K>). STAFF COSTS 2021 2020 Salaries aTLd benefits Ernployer'8 national itLsurance Pension costs 89.077 9.156 7.394 72,338 7,738 7,189 105,627 87,265 The average nurnber of employe&8 during tbe year was 4 (2020- 4). None wer¢ paid more than £60.IK)O.

PAROCEllAL CHURCH COUNCIL OF s"r BOTOLPH WITHOUT B￿H0PSGATE NOTES TO THF, FINANCIAL STATETrIEI%TS (COYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 PAGE 14 8. FUTrID DETAILS Gencral Fund For th¢ provision of services and the upkeq>. running ¢osts and administration of the Church and Hall. For furthering the mission and ministry of thc Church. Fabric Fund For meeting ¢x¢raordiw expenditure on the Church building, organ and ChurchyanL Furnishing Fund For the renewal of Church Sjrniture. fumishings ornaments. It includGs the fonncr tody Chapel Fund, Staoley M(x)re Fun¢ Hilda Jcnkin5 IKgacy and the R J A Clarke IKgacy. Clergy House Fund For the maintenance of the ]n￿rnbcnt,5 rcsidcnce. The are held partly by endowment and p3rt1y independent fimds. Jncome on the endowmcnt is transferr￿1 to the rcstricted deposit fiu)ds. Alan P Grccnaway Bell Fund For th¢ maintenance of the chuwh towff, bclls and clock. Cotts House Fund Capital hdd on trust following an order of the Diocesan ChatKellor regarding LiCe]￿e Fees. By resolution of the PCC thc aDnual interest is pass¢xl Éo the Genernl Fund as contribution towards paiTneDt of wag¢8 and salaries. Repair Fund Originatiug from conjpensation for the extinguishment of tithes. Iwom¢ is remitted to thc patish and can bc Ubed for church and thurch>ard repair8 and the salaries of churd] officers. Tottenham Hale Fund Funding proTridd to establish outreach at the new residential district of Tottenkn Hale and for the priest missioner. Car Fund Fund providing interest w'hich is transfuTed to the Gcnerai Fund for Wdyment of the Rtttor's travel CXPL7WS. Rectory Fund Repres¢nts thc majority portion of the fijnds liquidated from the Easement Monies Fund in December 2018 itivestcd in purchase of the r￿tOry. Rectory Maint¢nance Fund The balance of the funds from the liquidation of the Easement Monies Fund in Ikcembcr 2018 to bc u5sI for mainl¢nance of the church rectory. Organ Rebuild Fund Set up for colleclion of donations toward%, and exraiture the rebuilditig of the Church organ. 9. INDEPENDENT EXAMtNER'S FEE The fee to be Charg￿ by the iThJependent exam1￿ is £1,8￿ Incl￿1108 VAT for the &Kamination (2020 - £1,800) and £4,2W including VAT for accounting (2020- £4200).

PAROCHIAL CHLRCH COIINCIL OF ST BOTOLPR WITHOUT BISHOPSCATE NOTES TO THE FINANCIAL STATEMEI%TS {coNfINUED) FOR TBE YEAR ENDED 31 DECEMBER 2021 PACE 15 10. PAYMENTS TO PCC MEMBERS No PCC member or rclatcd paty to the PCC has b¢¢n paid or is paJ•ble Temuneration or expenses from thc funds of the PCC.. The expenses paid to the clergy may include a small immat¢ria] proportion w'hich relates to their function as PCC members. There are no key management personnel paid by the PCC. There were no donations made to the PCC, by tn￿l¢es, with conditions attachd. The aggregat¢ of trnste¢ donations without ¢onditions was £4,716. 11. CONNEcfED CItARITY The Parochial Church Council of St Boto]ph witlK)Ut Bishopsgate is cOnn￿ted to the Bishopsgate Church Foundation, inf0m￿llY known as St Bololph without Bishopsgale Rector and W'ardens Fund. This Charity wa8 crcatcd cxclusively to manage the income that thc Church of St Botolph without Bishopsgate receiv£s annually from the Bishopsgate Foundation in respect of propcrtics oncc o'ned by thc Parish EstatC8 of St Botolph, Bishopsgate. It is managed by the lie¢tor and Church Wardcns of thc Church of St Botolpty Bishopsgate. The Charity bc contacted at The Vcslry, St Botolph without Bisbopsgate. Bithopsgate. I￿>￿d0￿ EC2M 3TL. 12. TRANSFERS Cotts Housc Fund Annual interest pass￿ to the Genernl Flu￿ as contiibution to wag&8 and salary costs in accordance with the r¢solution of thc PCC. ci House Fund Endowment.. Dividends are trallSfe￿ed from endowmo)t to ￿$trIct￿l furds on an annual basis. air Fund Income transferred to the parish for church and churchyard repairs and salaries of church officeTS. Car Fulld Endowm¢nt.. tnterest tratLsferrl to General FuThl as contribution to the R￿lortr8VeI costs. 13. TIL4DING SVBSIDIARY On l November 2021 the church incryrated a wlKJlly owned ￿dillg subsidiary, The Good Coffee Ki¢)sk Limitrd. The subsidiary utilises otherwise unused spacc on thc church prernises to providc dhieal coffee and other tskeaway refreshment8 to the public. It becn set up using a loan from the Bislwsgate Church Foundatson. The trading results of the subsidiarj are segregated from tFKise of the church and included in the church accounts. They are fully recorded in the subsidiary's own a¢¢ounts and by the c.hurch as owui to or from the subsidiary> With the net balanc¢ included as a creditor or d¢btOT on the balance SI￿￿. As at 31 Dec¢mbcr 2021. the chuTch ow'ed th¢ subsidiary £962, which has been included in croJitot8.

CHARITY REGISTRATION LYO. 1135985 PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOLPH WITHOUT BISHOPSGATE UNAUDrrED FINANCIAL ACCOUNTS YEAR ENDED 31 DECEMBER 2021 LEVICKS Charter¢d Accountants and Business Advisers 61 ￿)ndOn Road Maidstone Kent MEI 6 8TX

PAGE I PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOI,PH WITHOUT BISHOPSCATE Administrative Information Rector.. The Reverend David T AtllLstrong Bankers; Alli¢d Irish Bank (GB) IDdependeDt Euminer: J A Grigg8 FCA Levicks Chartered AC￿)lln￿ & Business Advisers 61 London Road Maidslone Kent ME16 8TX Colltellts: Pige Rcport of tbe Independent Examiner Statcment of financial activities Balancc shecl Notes to thc accounts 5-15

RNDEPENDENf EXAMINER9S REPORT TO THE JIEMBERS OF ST. BOTOLPH WITHOL T BJSHOPSGATK PAROCHIAL CHLRCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2021 PAGE 2 I rq)ort on the accounts of the St BotoIph without Bishopsgatc Parochial Church Council (PCC) for the year ended 31 Ikccmbcr 2021, which are set out on pages 3 to 15. in respect of an examination caTried out under the Church Accounting Regulations 21x16 and s￿lI0n 145 of the Clwities Act 2011. Respeetive respoDsibKlities of members and eMmitter Th¢ mcrllbcrs are respoA)8ible for the prepardlion of the accoullts. Thc manbers consider that 8n audit is not requtred for this year under seaion 144(2) of the Charities Act 2011 (thc Charities Act) and that an independent examinatiotL is neca￿. Incom¢ exc¢¢d￿ £250,IXX) and I am quaiified to undertake the examination by being a qualified merllber of the Institute of Chart¢r&4 A¢xountants England and Wales. It is my responsi￿AlitY to: cxamine the accounts utthr 5CCtion 145 of the Charxtxes ACL to follow the procedurcs laid down in th¢ Gffl¢ral Directions given by the Charity Commissioner under section 145(5)(b) of the Clwilies Acl. and to statc whdher particularmattus have come to my attention. Ba8ls of Independent examiner'5 repDrt My cxaminatinn w&8 carried out in accordancc with thc Gcnernl Directions given by the Charity CommissioL An examination includes a review of the accounting records kept by the Par(*hial C"hurch Council and a ¢omp8ris(m of th¢ accoun18 presented with those records. It also include8 Collsidcrntion of any unusual items or disclosures in the accounts. and thc sccking of ¢xplanalions from you as members eoncerning any such mattcts. The pn)cedures undertaken do not provid¢ all the evid¢nce that would bc Tcquircd in an audit an(L coDsequcntly, no opinion is given as to whether the accounts present a 'tsu¢ and fair vi¢w' and the rq￿ is 11rnit￿ to those mattcrs out in th¢ stat¢m¢nt bclow. Independent eiamitter's statement In connection with my &xaminatIo￿ no mataial matters have come to my attcntion which gives me cause to believe that in any mat¢rial rwt: the accounting T￿Onts WLYC not kq)t in accoTdancK with wtion 130 of the Clwiti¢s Act; or the accounts did not ￿¢0[d with th¢ accouthg rccord4' or the accounts did not comply with the applicable rquircmcnts concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 othcr than any requirement that the accounts give a 'trne and fair, view which is not a matter con8idered a8 part of ￿ independent I have come across no other matters in conn￿tIOn M'ith the examination to which attention should be drawn in this rq)ort in order to enable a proper und¢TstaTthng of the accou￿ to be reachu]. 61 tAmdon Road Maidstone Kent ME16 8TX J A GRIGGS FCA CKS Clwt¢rd Accountants & Business Advisers 16 June 2022

PAROCHIAL CHURCH COUNCtL OF ST BOTOLPH WITHOUT BISHOPSGATE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EY4DED 31 DECEMBER 2021 PAGE 3 Note Unrestricted Re8¢ri¢ted Endowrynent Funds Funds Total Funds 2021 2020 INCOME FROM: Donations and legacies Charitablc activittcs Oihcr Investments 2{ay(b) 2(c) 2(d) 2(e) 3,593 137,765 54,109 66,581 45,633 83,306 31,904 41,214 45,366 54,109 66.581 29,620 5,071 10,942 TOTAL INCOME 284,482 10,942 304,088 201,790 EXPENDIIURE ON: C.haritablc activities 3(ay(b) 3(0) 322,180 28,291 5,882 328,062 28,291 274,469 21,788 TOTAL EXPENDITIJRE 350,471 5,882 356,353 296,257 NET INCOMFJ (EXPEP4DITLRE) (65,989) 2,782 10,942 (52,265) (94,467) Profitl(loss} on disposal GAINSI(LOSSES) ON INVESTMENTS 7,579 1,726 1,642 10,947 (335) 129,192 21,020 50,268 21M),480 84.739 Investments transfers NET MOVEMEYT IN FUNDS BEFORE TRANSFERS 70,782 25,528 62,852 159,162 (10,063) TLL4NSFERS 10,471 471 (10.942) BALANCES BROUGHT FORWARD AS AT I JANUARY 2021 BALANCES CARIUED FORWARD AS AT 31 DECEMBER 2021

PAROC'HIAL CHURCH COUNCIL OF ST BOTOLPH WITHoirr BISHOPSGATE BALANCE SHEET AS AT 31 DECLMBER 2021 PAGE 4 Notc Unr¢slriC￿I Restrided Endowment Funds Funds Funds Total Funds 2021 2020 FIXEb ASSETS Jnve8tments Tangibl¢ fix¢d ass¢ts 4(a) 1,108.745 185,349 655 059 433,726 1,727,820 1,517.162 1,120,375 840,408 433.726 2.394,509 2.184,637 CURRENf ASSETS Debtors Cash at bank and in hand 20,701 20,702 56,217 112526 35,471 75.072 110,543 168,743 Liabilitics.. AnK)unts falling due witbin one year 610 NET CURRENT ASSETS 80 975 LL85 F4ET ASSETS PARISH FUNDS: General Fund Fabric Fund Furnithings Fund Rectory Fund cl￿gY Housc Fund (Pages9& 11) Alan P Greenaway Bell Fund (Page 10) . Cotts Housc Fund (Page I l) Car Fund agell) Repair Fund (Page I l} Tottenham Hale Fund (Page 10) R￿tory Maintenance Fund (Page 10) Organ Rebuild Fund (Page 10) (Pages 7 & 8) 1,126,888 1,126.888 1,045,635 76,120 65,648 86,768 74,857 655,059 655,059 46,956 41,561 5,423 6,282 284,943 249,712 lo,￿0 10,000 131,965 115,450 76.120 86,768 655.059 40.138 5.423 6.818 284,943 10,000 131.965 49,279 2,083 49,279 2,083 52,118 Rev D Amistrong . Cbaintwi F E Curtiss- Menther 24 May 2022

PAROCHIAL CHLfRCH COUNCIL OF ST BOTOLPH ITrTfHouf BISHOPSGATE 14OTES TO THE FINANCIAL STATEMI EYT3 FOR THE YEAR ENDED 31 DECETrIBER 2021 PAGE 5 I. ACCOUNTING POLICIES Basi5 of preparation and *s8essment of going concern Th¢ financial stslements have been prcparcd under the historical cost convention with items r￿gnised at cost or transaction value unless oth¢ThYisc stated in the relevant nol&s to these accounts. The fJnatKial ststLunenls have be¢n prepar￿ iii a¢cordan¢¢ with the Siatemellt of R¢xonrnended Practice: Accounting al￿ Reporting by Charities preparing their accounts in aceordance with the Fitwicial RqM)rting Stsndard FRS102, the C]]aritics Act 2011 and the Church A¢counting Regulation8 2(XTr6. The trustees consider that thcrc are no matuial Ur￿ertaintieS about the PCC'S ability to continue as a going The accounts include all transactions, asscts and liabiliti￿ for whi¢h the PCC ¢an be h¢ld responsibl¢. They do not inolude the accounis of church groups that ow¢ their main affilialion to another LKXI)" nor those that are inforn)al gathcrings of church mcmbcrs. The PCC constitutes a public benefit entity as defmd by FRSIO2. FUNDS General Fund represents the fund of thc PCC that is not subj￿1 to any special restriction regarding its use and is availablc for application for thc general purposes ofthc PCC. All of th¢ othcr funds arr rcslriclcd as to their use. They rcprcscnt the monics given throughout th¢ year for the benefil of a wide range of purposes. The PCC is required to apply these fLmds for the purpose dictated by the donor. Endowment funds are restrict￿ fimds whcrc either money or assets have beeTh given to the church with the specific instruction that only the inc4)me gained can be Spent or as8ets donateAJ for continued us¢ by the church or for capital growth. Endowment funds are accountcd for in accordancc with the spccifi¢ requirements olthc fimding th)nor. INCOME RECOGNtrIoN Voluntsry incorne and capital sources.. Collections are recognised when r￿e1v￿ by or on bebalf of the PCC. Income l&x rtxoverable on gift aid donations is re£ognisc4J Thhcn Ihc tsx is r￿￿'trable. Grants and legacies to the PCC are accounted for as SAion a5 the PC.C is notified of its lewdl entitlemcnt. th¢ amount due is quantifiabl¢ and its ultimate receipt by thc PCC is c4)llsidered probable. Income from tnvestments.. Dividends and interest are accountcd for when rettivablc. Wherc separate inveslmcnls arc held for funds interest is ¢r&lit¢d lo that fimd. Other int¢r¢8t 18 apportioned to individual fLmds on an aycrdge balarKe basis. EXPEIYDrruRE RECOGNTrioy Grants and donations are accounted for when paid over. or wh¢n aw￿101 if th¢ award ¢r¢ates a binding obligation on the PCC. Activitics directly relating to the work of the Church.. The Common Fund Parish Share is accounted for when payablc. Any Parish 8hfft unpaid at thc year end is proTrided for as a liability and shown as a creditor on the bala￿e sheet. Insurance: The cost of the insurance policy premiulljs retstllhg to the ChU￿h itself are mel by the City Churches Grants Committee. Thc Church pays the premiuD]s relating to the w)Itcies covexing its other activities. Oth¢r expe￿Ilture. All oiher expenditure is a￿Unted for as incutraj or when there is an ob]igation for payment atkd is account￿ for gr088 of VAT.

PAROCHIAL CHURCH COLNCIL OF ST BOTOLPH w￿HOUT BISHOPSGATE PAGE 6 NOTES TO THE FhYthCLIL STATENIENTS (CONTIiIUED) FOR THE YEAR E,NDED 31 DECEIIBER 2021 FIXED ASSETS AND DEPRECL4TION con￿rated land and buildinES and moveable Church furnishings.. Conwrated and b￿￿fj¢lal property is cxc]udcd from the ac£ounts as perniitted under the Charities Aet 2011. No value is placed on moveable Church fiullishings held by the Churchwardens on sp￿la1 ttrust for the PCC and whieh require a faculty for disposal, sillcc the PCC considus this to be inalienable property. All exp¢nditur¢ incurred durAng the year on cOnS￿ratc￿ or benefice buildings and moveJble church Iurni8hings, whcihcr maintenance or improvement, is writtcn off &s exp￿lture in the stalment of financial auivitit¥ and separatcly disdosed. Property, fixture4 fittings, office and electronic equipment.. Each individual itcm of propcty aThd equipment, costing £9 or Ulore. used within the Church premises and or for the puryyoscs of thc tninistry. is ¢apitalis¢d. Depreciation is pmi'ided OTh the cosi less residual value over the currcntly anticipatcd us¢￿1 economic life of the asset at the following rates. V¥There residual value excthjs cost no depreciation is provided. Officc furnitur¢- 200/0 Straight Lin¢ OffLce Equipment- 6 years Slraigh¢ Line Rectory- nil INVESTMENT GAINS ALYD LOSSES Inv¢slm¢nts are 8la¢¢d a¢ mark¢t valuc and the a[￿lla1 Ul￿eall5￿ gatn or Ioss 18 shown in the statement of finmcial tivities. R￿liSed gains or losses are Sho￿ll w,hen the investment is sold. Investments are held to generate fund8 for the PCC. FUND TIL4NSFERS Transfers between fi￿d8 are included only where restridions perniit such transfers or it is necessary to properly reflLXt thc ulldttlying assds of the fijnds. CURRENT ASSETS Amounts owing to the PCC at 31 Decanber arc Shown as debtQTS. Prepayments represent sunjs paid prior to the balance sheet date in r• of expenses relaung to the followitig CURRENT LIABILITIES Crditors and accnuls reprewt sums irrevocably committed for paynent ptior to the balanG¢ sheet date which were not settled as at that date. RETIREMENI BENEFrr SCHETr The PCC operates a defined contribution pension scherne to which all paid employ￿ are invital to contribute. Employer's pension ¢ontribulion8 atnount to 5Q/o of gross salaTr made each month and emploY￿S a minimum of 411/D of gross monihiy Salary. The schemc complies with th¢ r￿Uirements of auto enrolment and provide8 a wlsion for members, payable from retir¢m¢nL accumulated from contributions paid dwing employment.

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH IIITHOUT BISHOPSGATE PAGE 7 NOTES TO THE FINAF•CIAL STATE￿lE￿'Ts (COI%TLYtiED) FOR THE ￿AR EliDED 31 DECEII IBER 2021 UNRESTRICTED FUND. GLYERAL FUND 2. INCOME 2021 2020 2(a) Donations Collection8 at seryices Alms box and candles Donation8 Income tax recovered 4,193 1,378 24,477 7,617 448 738 12,705 2,807 37.665 16,698 2(b) Grants and voluntary ratcs Grant - BAshopsgate Church Foundation (Rector and Wardcns Fund) Parish Voluntary Church Ratc Burial ground grant 52,348 41.659 2,5 35,035 28,126 96,507 65,911 2(c) Charitable activities Hatl lettings Netball and tennis rcccipts Hire of church Ethical coffee sal&8 25,248 27,5LI 900 450 18,461 12.264 1.179 54,109 31,904 2(d) Othtt income Bell fees Musio fees Li¢¢w¢ fees Church fe Reclory income Job ret￿tion scheme (furlough) *s 1200 17.304 11,206 466 7,582 5,727 26,905 10,005 66.581 40214 2(¢) InV¢stM￿ts CBF Investmeut Fund dilidends 29,620 30,242 TOTAL INCOME

PAROC.HIAI, CHURC.H COUIYCIL OF ST BOTOLPH W'ITHOUT BISHOPSGATE PAGE 8 NOTES TO THE FINANCIAL STATEThIEI%TS (CONTIJUED) TrOR 'I'HL YbAR LNDED 31 DECEItBER 2021 tiNRESTRtCTED FUI)D - GLIERAL FUliD 3. EXPENDrruRE ON CHARITABLE ACTITrITIES 2021 2020 3(8) Grants and donations Missionary and charitable givlng 3(b) Activities directly relating to th¢ work of the Church MÉnisty - rectory maintenan - Rector expen . locum pri¢sts Staff rwiun¢ration and benefits Stafypension Contributions Church maintenance Hall maintenanc¢ Church running costs Hall running costs Ci)urt running and maiTLtenance costs Organist, choir and mugic Bell rAngers' fees Dioccsan Con)monFund Housing allowanc¢ Church senTice requisites and seryice b(K)ks Hospitality, oulreacl rnission and engagement General CKpcnK Provision for depr￿latIO￿ Profe8sional f Fee assignment Quinqu¢nnial works OTgan rebuiia pr¢liminary expens 7,112 153 720 98.233 7.394 20,049 4,237 17,296 16,814 433 37,365 1,2(N) 72,51K) 16,0(J) 2,776 367 3,173 786 3,960 1.156 108 80,076 7,189 5,627 3,863 14,778 10,380 378 23,428 72,500 16,000 481 3,514 786 211 247 274 3(c) Other Bank charges Advcrtising and publicity Printing> poslagc and ststionery Telephone and broadband Bookkeeping and accountancy fees Computer GODsultan¢y support s¢rYiccs and S￿￿lty 707 1,892 4,767 5,634 6.000 604 3.102 3,297 3,097 TOTAL EXPENDITURE NET INCOMFJ(IXPENDTfuRE) ProfiVOoss) on disposal GAIf*S AND (LOSSES) ON INVESTMENTS (65,989) 7.579 129.192 (93,843) (296} 54,350 Invcstment traL8fer to restriclcd Sjnds ET MOVEMENT IN FUNDS BEFORE TRANSFERS 70.782 (87,031) 10.471 10,158 BALANCES BROUGHT FORWARD AS AT I JLN. UARY 21)21 BALANCES CARRtED FORWARD AS AT 31 DECEMBER 2021

PAROCHIAI, CHURCH COITNCIL OF ST BOTOLPH ITrTfHOUT BISHOPSGATE PAGE 9 NOTES TO THE FINANCIAL STATEI¥IENryS (CONTIliUED) FOR THL YLAR ENDED 31 DECEIMBER 2021 RESTRICTED FUYDS 2. INCOP¥lE Fabric Fund 2021 2020 Furnishillg Fund 2021 2020 Clergy House Fund 2021 2020 Rectory Fund 2021 2020 2(a) Donations Collections at services Donations 2{e) InveStMe￿ts Bank deposit interest CBF Dep08it Fund interest CBF Investment dividends 1,145 1982 1,305 2,154 2.085 914 827 TOTAL INCOLII 1982 1,305 3299 2.085 914 827 3. EXPENDITUR 3(b) Activities directly relating to th¢ work of the Church Rector's expen8e8 liectory maintenance Church service requi8itss attd servi¢¢ books Furnithings Quinquennial work8 I,J60 12,016 TOTAL EXPKP*DITURE 1,360 12.016 NET INCOMEIIEV- ENDITURE) ,982 1.305 1,939 {9931) 914 827 Inyestment tronsfer from g¢nerdl fimd 43,156 4,086 GANS AND {LOSSES) ON INVESTMENTS 7.445 2,858 9.476 4.018 4.1)99 1,757 ProfiV(108s) on di8PO881 1,045 496 182 NET MOVEMENT IN FUL¥DS 10,472 47,319 11911 (5913) 5,195 6,670 TRANSFERS 36 55 BALANCES BROUGHT FORWARD AS AT l JKN'UARY 2021112021 BALATrICES CARRIED FORWARD ASAT 31 DECEMBER 202012021

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH IIThHOUT BISHOPSGATE PAGE 10 NOTES TO THE FINANCIAL STATEThIENTS (coYfiyuED) FOR THE YF.AR ENDED 31 DECFMBER 2021 RESTRicfED FufiDS 2. INCOMK Rectory Rebuild Maintenance Fund Tottenham Hale Fund Alan P Greenaway Bell Fund 2021 2020 2021 2020 2021 2020 2(a) Donations Collections at 8ervi¢e8 Dotvdtions tll¢ome ￿ recovered 2(d) Other Dilapidations 2(e) Investments Bank deptssit interest CBF D¢posit FuTLd tnterest CBF Inv¢5tm¢nl Fund diYid¢nds 2.083 313 52 602 95 21 49 TOTAL INCOME 2,083 21 1.049 365 697 191 3. EXPENDITLERE 31a) Grants and doDatton5 3(b) Activities directly relatlng to the work of the Church Mission, hospitality, repre8entation and enBagement Maintenance and repairs Grant to prie6t m£&8ioner 61 2,860 3.392 862 376 800 1.6 TOTAL EXPENDTfuRE 2.860 3.392 8(M) 1,661 862 376 NET INCOMEI(EXPKliDITURE) 1083 (2,839) (2,343) {435) {964} (862) (185) Profitl(loss) on disposa] (39) GAINS AND ILo&gL8) 01¥ INVESTME)TS (40) Inv6strnent trattgftr from general fimd NET MOVEMENT IN FUNDS BEFORE TRANSFfRS 2,083 (2.839) (2J43) (4351 (964) {859) (264) TRANSFERS 435 454 BALAP4CES BROUGHT FORWARD AS AT I JANUARY 202012021 BALknCES CARRIKD FORWARD AS AT 31 DECEMBER 202012021

PAROCHIAL CHURCH COLINCIL OF ST BOTOLPH IVITHOL T BISHOPSGATE IYOTES TO THE FINANCIAL STATEMEM3 (CONTINUbD) FOR THE YEAR ENDED 31 DECEI¥IBER 2021 PAGE 11 2, INCOM RepaRI Fund Clergy Ho Fund Coth House Fund Fund 2021 2020 2021 2020 2021 2020 2021 2020 2(a) Donation8 g(e) Inve8tmenl8 CBF Deposit Fund interest CBF knvestMentFl￿d dividend8 23 32 42 3.349 3234 33 7,552 7,336 TOTAL ￿Com 3,349 3234 36 55 42 7,552 7,336 3{b) A¢tivitieg directly relatitig to th¢ work of the ChuTch TOTAL EXPElYD￿URE NET ILyCOMEI(E￿EIYDrrURE) 3,349 3234 36 55 42 7,552 7,336 PIofit orn disp)sal GAINè+ Af*D (LOSSES) OTr1 INVLSTiTrlbN'I'S 1.642 33,589 16,515 7,429 164 74 14,293 Iyb'l. MOVLMkN'I' IN FU.YDS BbVORE TRthSTrERS 19,864 10.663 200 129 42 42,783 21.629 TrANSFERS (3.349) {3234) (36) (55) (5) (42) (7,552) (7,336) BALANCES BROUGHT FORWARDASATAJANUARY ￿1Q 2D2012021 BALANCES CARRIED FORM'ARD AS AT 31 DECEMBER 2021112021

PAROClttAL CHURCH COLT￿C￿ OF ST BOTOLPH WITHOUT BISHOPSGATE NOTES TO THE FINAI%CIAL STATE.NIEtSTS (COThTThIED) FOR TIIE YEAR F,NDED 31 DECEMBER 2021 PAGE 12 FIXED ASSETS (a) Investments Unrestrictcd Restrictcd Endowment Total Market value as at 31 December 2020 Additions at cost Disposals al mark¢t value Profit on disposal Ga1￿{Loss) on revaluation 971,974 77,785 (77,785) 7,579 129.192 163,37? 17.688 (18,457) 1,726 21,020 381,816 16,850 (16,850) 1,642 50,268 1.517,162 112,323 (113,092) 10,947 200,480 Markct valu¢ as at 31 De£ember 2021 1.108.745 185,349 433,726 1,727,820 Historical c4)$t as at 31 D￿¢mber 2021 338,203 176.688 199.261 555,152 Inv¢stments are held in the Church of England CBF'S Investment Tncome and CBF Dwsit Funds, (b) Thngible Flxed A$sets Fiytures and Equipment Reetory Totsl Cost Opening balanc¢ l January 2021 22,304 655,059 677,363 Closing BalarAce 31 D￿embtr 2021 22.304 655,059 677,363 Aecumul4ted Depreciation Op¢ning BalpJ]ce l January 2021 Provision for the Year 9,888 786 9,888 786 Closing Balance 31 Decanber 2021 10.674 10.674 Net Book Values Op¢ning Balance l Jalluary 2021 12,416 655,059 667,475 Closing balan¢¢ 31 Ikcember 2021 11,630 655.059 666,689

PAROCHIAL CHURCH COUNCIL OF ST BOTOLPH wrrHOUT BISHOPSGATE NOI'L'S TO THE FINANCIAL STATLTrIE'liTS {COINTIT%UED) FOR TIIE YEAR ENDED 31 DECEMBER 2021 PAGE 13 DEBTORS AND PREPAYMENTS 2020 Monies owed by restricted fi￿d8 to unrestricted funds Debtors 610 20.092 2,392 53,825 20.702 56,217 Dcbtors as at 31 December 2021 includ&8 thc following. donatiODS £1,840, ￿￿81C frLS £1,428, gift aid £3,976, voluntary church rate £9203, IHII hirc £7?7. liccnce fees £1 ?52 (?020,' doDations £1,541, gift aid £11,865, voluntary church rate £15.726, music fees £4.480. hall hire £3.568, court hire £2,440. Bishopsgate Church Foundation £4,955, HMRC £4.(K)O. water oNercharge refi]nd £3.2071. LL4BILrriES: AMOUNTS FALLING DIIE WITHIN ONE YEAR 2021 2020 Monies owed by restricted futkds to unrestricted funds Cr¢ditors Amounts owed to group undertakings (not¢ 13) 610 27.996 962 2,392 34,666 29,568 37,058 Creditors as at 31 De￿nber 2021 includes the followAng' court bire fees in advance £2,340, hall hire in advanc¢ £1,788, accountancy fees £6,000, agency £4:819, staff pension contribution8 £3,339, HMRC £2,542. mission £2,750, church utility costs £923, hall hire rcfulld £l,Oi)0 (2020. court birc fces iti advance £13,610, hall hire in advancc £975, accountancy £6,000, agcncy £6.018. staff pension contsibutions £2,547, HMRC £2,310, mission £i,O¢K>). STAFF COSTS 2021 2020 Salaries aTLd benefits Ernployer'8 national itLsurance Pension costs 89.077 9.156 7.394 72,338 7,738 7,189 105,627 87,265 The average nurnber of employe&8 during tbe year was 4 (2020- 4). None wer¢ paid more than £60.IK)O.

PAROCEllAL CHURCH COUNCIL OF s"r BOTOLPH WITHOUT B￿H0PSGATE NOTES TO THF, FINANCIAL STATETrIEI%TS (COYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 PAGE 14 8. FUTrID DETAILS Gencral Fund For th¢ provision of services and the upkeq>. running ¢osts and administration of the Church and Hall. For furthering the mission and ministry of thc Church. Fabric Fund For meeting ¢x¢raordiw expenditure on the Church building, organ and ChurchyanL Furnishing Fund For the renewal of Church Sjrniture. fumishings ornaments. It includGs the fonncr tody Chapel Fund, Staoley M(x)re Fun¢ Hilda Jcnkin5 IKgacy and the R J A Clarke IKgacy. Clergy House Fund For the maintenance of the ]n￿rnbcnt,5 rcsidcnce. The are held partly by endowment and p3rt1y independent fimds. Jncome on the endowmcnt is transferr￿1 to the rcstricted deposit fiu)ds. Alan P Grccnaway Bell Fund For th¢ maintenance of the chuwh towff, bclls and clock. Cotts House Fund Capital hdd on trust following an order of the Diocesan ChatKellor regarding LiCe]￿e Fees. By resolution of the PCC thc aDnual interest is pass¢xl Éo the Genernl Fund as contribution towards paiTneDt of wag¢8 and salaries. Repair Fund Originatiug from conjpensation for the extinguishment of tithes. Iwom¢ is remitted to thc patish and can bc Ubed for church and thurch>ard repair8 and the salaries of churd] officers. Tottenham Hale Fund Funding proTridd to establish outreach at the new residential district of Tottenkn Hale and for the priest missioner. Car Fund Fund providing interest w'hich is transfuTed to the Gcnerai Fund for Wdyment of the Rtttor's travel CXPL7WS. Rectory Fund Repres¢nts thc majority portion of the fijnds liquidated from the Easement Monies Fund in December 2018 itivestcd in purchase of the r￿tOry. Rectory Maint¢nance Fund The balance of the funds from the liquidation of the Easement Monies Fund in Ikcembcr 2018 to bc u5sI for mainl¢nance of the church rectory. Organ Rebuild Fund Set up for colleclion of donations toward%, and exraiture the rebuilditig of the Church organ. 9. INDEPENDENT EXAMtNER'S FEE The fee to be Charg￿ by the iThJependent exam1￿ is £1,8￿ Incl￿1108 VAT for the &Kamination (2020 - £1,800) and £4,2W including VAT for accounting (2020- £4200).

PAROCHIAL CHLRCH COIINCIL OF ST BOTOLPR WITHOUT BISHOPSCATE NOTES TO THE FINANCIAL STATEMEI%TS {coNfINUED) FOR TBE YEAR ENDED 31 DECEMBER 2021 PACE 15 10. PAYMENTS TO PCC MEMBERS No PCC member or rclatcd paty to the PCC has b¢¢n paid or is paJ•ble Temuneration or expenses from thc funds of the PCC.. The expenses paid to the clergy may include a small immat¢ria] proportion w'hich relates to their function as PCC members. There are no key management personnel paid by the PCC. There were no donations made to the PCC, by tn￿l¢es, with conditions attachd. The aggregat¢ of trnste¢ donations without ¢onditions was £4,716. 11. CONNEcfED CItARITY The Parochial Church Council of St Boto]ph witlK)Ut Bishopsgate is cOnn￿ted to the Bishopsgate Church Foundation, inf0m￿llY known as St Bololph without Bishopsgale Rector and W'ardens Fund. This Charity wa8 crcatcd cxclusively to manage the income that thc Church of St Botolph without Bishopsgate receiv£s annually from the Bishopsgate Foundation in respect of propcrtics oncc o'ned by thc Parish EstatC8 of St Botolph, Bishopsgate. It is managed by the lie¢tor and Church Wardcns of thc Church of St Botolpty Bishopsgate. The Charity bc contacted at The Vcslry, St Botolph without Bisbopsgate. Bithopsgate. I￿>￿d0￿ EC2M 3TL. 12. TRANSFERS Cotts Housc Fund Annual interest pass￿ to the Genernl Flu￿ as contiibution to wag&8 and salary costs in accordance with the r¢solution of thc PCC. ci House Fund Endowment.. Dividends are trallSfe￿ed from endowmo)t to ￿$trIct￿l furds on an annual basis. air Fund Income transferred to the parish for church and churchyard repairs and salaries of church officeTS. Car Fulld Endowm¢nt.. tnterest tratLsferrl to General FuThl as contribution to the R￿lortr8VeI costs. 13. TIL4DING SVBSIDIARY On l November 2021 the church incryrated a wlKJlly owned ￿dillg subsidiary, The Good Coffee Ki¢)sk Limitrd. The subsidiary utilises otherwise unused spacc on thc church prernises to providc dhieal coffee and other tskeaway refreshment8 to the public. It becn set up using a loan from the Bislwsgate Church Foundatson. The trading results of the subsidiarj are segregated from tFKise of the church and included in the church accounts. They are fully recorded in the subsidiary's own a¢¢ounts and by the c.hurch as owui to or from the subsidiary> With the net balanc¢ included as a creditor or d¢btOT on the balance SI￿￿. As at 31 Dec¢mbcr 2021. the chuTch ow'ed th¢ subsidiary £962, which has been included in croJitot8.