CHARITY REGISTRA TION NUMBER: 1138266
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY WITH ALL
SAINTS, PUTNEY
UNAUDITED FINANCIAL STATEMENTS
31 DECEMBER 2020
C.N. IVILKtNS FCCA
Chartcred Cettsficd Accountants
10-12 High Street
Barnes
London
SWI) 9LW

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST ftrlARY WITH ALL SAINTS, PUTNEY
FINAIYCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
PAGE
Trustees, annual report
Independent ewincvs rcpon to the trustees
Statcmcnt of financial artivitics
Stat¢m¢nt of financia] posAtion
Ststement of cash flows
io
Notes to the financia] &atemenis

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
TRUSTEES, ANIWAL REPORT
YEAR ENDED 31 DECEMBER 2020
Th¢ tWStccs present thcir rcport and the unaudited fmancial statements of the chatit! for the y&gr
endcd 31 December 2020.
REFERENCE AND ADMif4isTRATIVE DETAILS
Registered charili name
Tr PaffKhial Church Coll￿11 of Ttr Ecclesiastical Pdri5h of Si
MarF iThith All Saims, Put￿.
Charit) registration number
1138266
PriDcipal
St Mao's Clwrty PUt￿Y High StreL London SW15 ISN
THE TRUSTEES
Clergy
Revd Jolm Whittaker
Rei,d Daniel Trott {apw)inted 2W September 2020)
Revd Jonat1￿￿ H￿.neS lapwimed 29 September 20201
Parish wardens
Palll Don￿11). (￿tired 21W SepteM1￿r 2020)
C1¢[na￿.. GordoTrMartin
Attheiv {ap￿illI&1 2P Seplem￿r 2020)
District wardens- St Mary's chu￿
Angela Att2h
Athii. Grocott (RrtiTcd 29th September 2020)
ChTi5tizan ]k Lange(ap￿￿tyed 29 September 2020)
DiSt￿t wardens- Ail Saints, Churth
lain Cox
Kate In￿$
Dioeesan STrnod Rep￿Sentati}eS
matt￿￿" Watt4appointrd 2￿ Se￿Wber 2020)
Grdlllm Slwii(apkK>inted 29th Septetnber 2020)
Deanery SyDod Represetttatii'es".
St Mar)'s Church
Richatd Holtnan
Call￿￿11* Gibson (reiirnl 2P S¢piemtKr 2020)
All Saints, Church
Tun*T (appointed 29 Sepiem￿r202O)
PCC Members:
St Mar),$ Church
sama￿￿￿ Hoskins (PCC Secr¢(aN} {￿SIg￿l 29° S¢ptcmber 2020)
Zoe Coaklc!, (resig]￿￿ 29 Sepicinber 2020)
Chr[￿￿pher Gan*ii (rsig￿l 2W septeM￿r 2020)
Mark Leadlth.
Al¢x {ap￿Tr￿ed 2yh SeMember 2020)
Tangll'ejk Ne150n
Rie]wrd Qlle￿I (reSi￿d 2tyh Septenfvr 2020>
Pamela Smith
Adrian Weed laptx)inted 2yh se￿ell￿r 2020)
All Saints, Chureb
John And￿W
Henr}. Chan (ap￿l￿ted 2W September 2020)
Mdriannc Coale5
Catlrrin¢ Colli'er (apw)inled 2P Scplemb¢r 2020)
Jackic Dairyes (PCC Secrekn.) (aP￿)In1¢a 29 Septembei 2020)
Geinma Dll￿￿n (ap￿>1￿￿1 2W Septeinber 2020)
Simon Kdlick
Simon Upton
Chantsi. Westwell {resigw129th ￿pternber 2020)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2020
Independent examiner
C.N. Wilkins FCCA
10-12 ￿gh Street
Barnes
London
SW13 9LW
Bankers
Barclas's Bank PIC
I Churchill Place
Canm" Wharf
London
E14 iHP
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parish is a part of the Church of England: ii'ithin the Diocese of Southwad(. It was registered as a
distinct charitfv. (r¢g no 1138266) on i October 2010.
The PaTish is governed b}, the Parockn"aI Church Council (PCC).. ￿.hICh is clectcd annually b}T those
mcmbcrs of the congregations of St Mary's Church and All Saints, Church who arc on the Parish
el¢cioral roll.
PCCS a￿ established undcr thc folloii'ing Church of Eng13nd Me3SUtes".
The Pa￿Chial Church Councils (Poii'ersl Nqeasure I9)6 as aniended
Thc Church Rcprcscntation Rules {contsi"ned in Schedule 3 to thc Sl'nodical Govemment
mcasu￿ 1969 as amcnded).
OBJECTIVES AND ACTIVITIKS
The objectives of the Parish the p￿mOtion of Chri5tianitN' and the ivelfare of the Ioe21 eommunity.
Thc objectives are achieved bv..
The provision of regular public i%"orship opeD to all
Thc provision of sacted spac¢ for peE50nal praTr'er and contemplation
Pastornl K"ork. including visitino the sick and the bereav
Teaching Chtislianih. through sennons: courses and smatl gtOUPS
The provision of activities for children and !-OUD8 p¢ople
Promoting the mi&%ion of the church through the provision of activitics for senior citizens
Siipporting other charities in the UK and 0vets￿
Mijch of the of the Parish is undertaken bK' volunteers, of iihich arc fortunate to hav¢ a
considerable number in ail areas, but particularli. in the cht"Idren's activiti¢s.
Brief History
There hag been 2 church on the St Man s site sinec at least the eletrenth centurv. Thc 1837 building
M'as almost entirel!- destro}'ed bN." fire in 1973. It il'as rebuilt Èn a Icordeted design and ￿.3$ reopttned i
IY82. A communits ha]1 ￿'aS opened ne¥t lo th¢ church in 2006. w.hich is ii"idcly US￿ bN. local
volulltan. organisations. The hail is managed bN. St MaTr's Parish Trnst, a ￿lated chaTity. St Mary's
ha8 a thrii'ing all-ag¢ congrcgation: including large numbets oFchildren.
All Saints,, Putn¢s' Common: il'as consecrated in 1874 to serve the north westem area of thc Parish. In
the 1980s the attendance divindle(L and thc church m.as almost closed, but it il'as ￿laUnch¢d in 1993
and noiv a]$0 a substWEiial: mainlN' famili.: congregation.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS. PUTNEY
TRUSTEES. ANNUAL REPORT (Co￿￿￿*
YEAR ENDED 31 DECEIIIBER 2020
ACHIEVEMEwfs AND PERFORMANCE
No onc kncw at thc Start of 2020 that it going to turn into a lear unlike anv that anN' of us had
preN'iouslv experienced. The Covid-19 pandemic closed churches for l¢ngth!' p¢riods and ii.hcn we
vcrc alloived to opcn numbers ￿'¢re S¢￿'¢re11. r¢siriaed: sin¥ing ii."as banned: as w&% the invaluabl¢
soei21ising 2fter services and at other titnes and socia] distancing ii.'as mandatorv. Instead, ￿'e, like
nianN parishes, NN'ent online i¥ith servi¢¢s on Z(￿M or stTeamcd. Although this il'as onlv a limited
substitute foi ii'ot5hipping togcthci in person our online seTr'ices have been iNell supported and thc!
have helped considetxbl!. in tnainlaining contact ii'ith the congregations of both churches.
Sincc Sundai. Schwl activitics had to b¢ dis¢ontinu¢d. the cler￿. team and the Children's Ministers at
both churches created i*hat h&% provcd to bc a vcrN' succ¢ssful 9.1 i a.m. online family service, )i'hi¢h
has provided the benefit of ailoiiing parents and children to ￿'orShIp together.
Ikspite the adN'erse impact of the pandemic in a num￿1 of 1i7lTS, details of some of Thhich are referred
to belo￿.. the Parish has coniinued iiith man!. activities: and ￿'e are optimistic that tlie cutrcnt
rclixation of lockdoivn rules iiill encou￿¢ mani. of oui tncnibcrs to return to services in Church.
A fourtccn-month inte￿e£nUM at All Saints, Churth rame to an end iirith the delaiwed Installation of
the Revd Dr Daniel Trott as Vic2T on 9th September 2020. Dr Trott is alread!." making a coiisidcrable
contribulion to the ii'ork of the clew" team in thc Parish. We were enomiousls, grateful to tlic Rcvd
Elizabeth Mors¢: Thho plal'cd a major role at All Saints throughout the interregnum. The Revd Jono
Ha}'nes il-as finally ordained priest on 17th October 2020. aftcr a length). dela). due to CoN'id. and
presided at the Eucharist for the first timc on the feast of St Luke.
Another hiEhlv cffcctive It￿0Vation has been the onlinc DailTr, Brcad series - short tcflcctions taking a
bible passage set for the da￿., a poem, hl'mrn or image designcd to be a springboard into a timc of
pra!"¢r. Thc first issuc ivas on 23rd March 2020 and bl, Easter Da)" 2021 li'e had [&￿hed issuc 173,
including a numbcr from contribuiots outside thc Parish. Publication of the Parish Magazinc was put
on hold For severnl months but restarted before the end of the N'ear.
Our P&qtoral Assistant for 2019120 was the Revd Jayel Robinson-Brown, a Methodigt minister who
as preparing for ordination into the minism. of the Church of England. Hc Icft Putne}' in the gummer,
and he is noii. Joining the team at All Hailoii's b!. the To￿"er In the Diocc5c of London. Joshua Harris
is th¢ Pastoral Assistant for 2020121: but his oppominities to dei'elop a distinctiv¢ rolc ID thc lifc of the
Parish have been considerabls, restrictrd duc to the pandemic.
Parish Action, M,hich rnises moncv for eyternal charities, has continued its ivork wkn.le inevitablv bcing
COtLSttained in organising fundraising actiTrilies. SupporL th¢ fomi of funds for both food and
education. for Vulindle12 Guardian5. a Zimbabiiean home for 0￿h￿ned children. has been maintained.
Ill thc earl}. dai.'s of CoTrid, the Chair of PA: Rosie Tal'l0r-Da￿IeS: set up a team of volunteers to make
scnibs: masks and other Items of PPE for hospitais, surgenes, care homes and anTrii'.h¢r¢ else that
Deeded them. In the past s'ear thc}' haTr'c proi ided tens of thousands of itcms_ It ivas not possiblc for
Glass Dooi to tun a ii'inter shelter for the homeless in St MaTh s last ii."inter. due to Covid.
Within thc Parish i¥"e haie supwrted manl. Nvlnernble: needN', and isolated people: including
distributs'ng a large nUM￿r of Christmas food gifts in lieu of the lunch thai IN"e noTma]l)' orgallis¢ for
th¢ ¢ld¢rl).
Thc EvcTr' Little Helps stall, ￿'hICh has raiscd moncv for a ii'idc varAet)' of extetnal ch￿IticS since
1997 bTr' sclling marmaiadc and other homemad¢ products: has closed as the small t&qm of volunteers
that h&s Tun it for the last tiieni}".three !'eaT5 has rcluctantlN, decided that it is lime to retire.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAIKfs' PUTNEY
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2020
The pandemi¢ has cllrtailed pastoral iNork: there h&8 been limited opportunit!. to arrange floiicts in
church or to rittg bells, the Trs'otk of our adult and children's choit5 havc b￿]) curtailcd and the Youth
Club has closed - all victims of CoN'i(L although in MO￿ cases onlN' tempornrtlN'.
The electornl Tr)11 numbers ￿ported to the Annual Parochial Church Meeting in September 2020 ivere
almost identical to the 2019 figures at 313 (do1￿￿ ts￿0) for Si Tr¥laTh 5 and 202 (up ttiol at All Saints,
Both church buildings have been maintsined in good repair: although substantial has had to be
carried out on the eyternal terrdce at St M2Th. S to eliminate the ingress of i1￿Cr.
FILYAP4CIAL REVIEW
Regular giving bTr' the congregations: including the Lssoci&ed Gift Aid rccovcry, increased by
£8:256 (2.6 /0) to £330,Oi3, 11.hilc SundaTr pl*¢ ¢olle¢tions fell bN' £25,720 (67.) /ol to £12,400: due to
the pandemic. Investm¢nt in¢ome increased to £72.166 (2019." £67.092). Restrictrd income. relating
aimost ¢ntircl!' to Parish Action's chariN. fimdraising. li.as £61,J04. Thc Parish's total incorning
resources in 2020 amounted to £i70:701 {2019_. £609.Oi l). a drop of onlfv 6.3 /. We are eYtrcmcl5'
gratefiil lo our members ii'ho hai."e continued io giN"e generousl!. throughout a ven, difficult l'ear. The
Patish claimed £12,393 of Coronai'irus Job Reiention Scheme gTxnts during 2020.
Total resources expended ii'ere £40_102 (6.i/(b) loii-er at £i73:li2. The Parish Support Fund
contribution To Ihe dioce5c, ￿'hICh coi'cr5 almost a]1 clerg!. ￿lpendS and accommodatio￿ rose b5,
£2:310 (0.7/0) to £i20.164 &8 a resuli of Atl Saints. Dcc's decision to InCre￿e its pledge. Other
unrcstricted operdting costs ii'ere £73.323 (28.0 /0) loiver at £188:2i5. Expenditure dctails are set out
In Note I I to these financial slatements.
Ok'erall: for the l'ear. there ￿"aS a sutplus of £8,727 (2019.. surplus £27.)34} on unrestricted funds, after
iinrcaliscd gains on investments of £19:768 {2019: gains £43:306), and a su4)lus of £8,)90 (2019..
surplus £1 I,)69) on Restricted ￿nds. Net ￿Sets * the )'earend am0[￿ted to £2,163,678 (2019..
£2.146,361).
PUBLIC BEIYEFIT
Sectxon 17 of the Clwr'tics Act 2011 rcquires the Charih. Commi&sion to issuc gutdelines lo charities
that ensure that the!. are op¢rnting for the public benefit. The guidelin¢s scpaTate 'benefit' and 'publi¢'.
Th¢ PCC is satisfied that the Parish fi111s' mccts the requircments of the guldelines. Cliarities are
requircd to ￿enefit the public in geneTal, or a sufficient section of the public (what is a 'sufficient
Scclion of the public, varies from PUryK)SC to pu1F￿e)'. The M'otk of the Parish bcncfits its 515
members, as ii'ell ￿ manN' others iTrho participate in services or activities but ii,ho have not put their
names on the electOTal roll. More im￿rtant]I". the Parish is a spiritsal resource and prO￿ld¢S practical
services for thc crtti￿ Putnc%" comniunit%" through its pasiordl care: JIS involvement in locaj church
schools, its charih" fundraising.. and other similar initiaiii'es. Those il'ho carTr' oui the i¥'OTk: othLI than
the cl¢r￿. and one or M'o las stsff iiho arc paid i'cn. m(Klest sts"pends I s31anes. deriN'e no personal
benefit from rhe ihousands of volwileer hours the!" provide each !'.e2r.
Investment Policy
The Parish is a long-temi investor. Its principal assets haF'e histOTicallTr been propert3'. held for both
functional attd ittvestmcnt purposcs. Ti%'o residenti￿ prop¢flies i￿¢T¢ at thc end of 2020. One,
hich li'￿ originallv acquired in 201) as accommodats.oii for the curate, has been let sinc¢ DLccmbcr
2017. whcn a morc Con￿.C￿l¢nt1￿. situatcd housc. oiimed b!" St Matl's Church of England Charity, lan
associatcd Ch￿]1}.}.. IKcamc available for the C￿￿¢,$ use. The firsi propcrrn", a long Iwchold flat
bought in 20 1 I, is held &8 an invcstsncnt assct.

THE PAROCFIIAL CHURCH CObNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUT￿,Ey
TRL STEES, ANNUAL REPORT (eorttinwe
YEAR ENDED 31 DECEMBER 2020
The Parish has an inN'estment in thc Neiilon Real Return Fund iNhi¢h is designed to give a steadi. floth,
of income and appreciation in the underls-ing assets that at least matchcs inflation. but at a low level of
risk. In 2020 ineoTne amount¢d to £9:6)8 (2019". £10.1131 and there il'as an unrealised Capital gain of
£21,027 {2019'. 8ain £40,9i8). AddÉtional inforniation on the Patish's invcstsnents Ggn be found in
Note 19.
Risk Review
The PCC'S principal areas of risk ate considered to be..
Wod<in
li ith childicn and Nwlncrable adults - expericnccd Safeguarding office￿ havc becn
appointed and polJci¢s and ii'otking praCtI￿S are rekieii.ed regularlN,. All adults ii".orking with
children and TrwlneTablc adults are subject to DBS (Disclosurc & Barring Servi￿) checks.
e to the churches - thc PCC asks its insurers: Ecclesiastic￿ Insurance Group, to
out regiilar risk rcvicii's and insuranc¢ roi"¢i is updatcd annuallv. FI￿ and smok¢ alanns
proteet th¢ buildings and valuable cont¢nts arc sccuritv marked.
Tlieft of church contents - St Mary"'s Church, ￿'￿Ich is open eveN daTr', is staffed during thc
opening houts. All Saints. Church is onli- open foi 5eTh'"iccs and other specific events.
DeierioTaiion of the builth"n
a full quinquennial surn'ei" is caTri¢d out in accordance with
Church regul*ions. Iloth churches sutvcl'cd b!. the Parish Ar¢hitect during 2017.
Fraud or finatEcial loss - procedu￿$ are in place ii'hich ensurc that at least pcoplc are
involved in relation to cash counting and banking. the approval of elpcndl￿re and the
approval of paNThcnt.
Health and safet , _ both churches have hea]th and 5afet5' manllals: and risk assessments are
carried out for those actii."itie5 that are considered to P05c an!. enhanced risk.
PLANS FOR FUTURE PERIODS
We are looking fomard to a more nornial church lifr as Covid restrictions ate scaled doii'.n. Much of
the focus for thc rest of 2021 ￿.1[1 be rebuilding the church communities and r¢sLthing the many
activities that have had to cease or ii.hich haN'e been heavtls" cutsiled for mucb of 2020. We are also
exciicd b). th¢ impending arrii."at of our first Pioneer Curnte ii-hose role ￿.111 be to dcvelop ne￿ fornis
of church and new communÈti¢s in the Patish.
ASSOCIATED CHARITIES
Puth¢ ' Parish Develo
meni Trust
charitN' no. 279868
- the Rector and hN"o othcr members of
the PCC are the trustees. The TTUSt iwas d0rn12ni throughout 2020.
St Mm's Parish Trust
charitt. no. I I1?724
the Reclor and the Wardens of St Marv's
Church are ttustces. The Trust Ma￿￿e5 thc Breii'er Bwlding, Thluch is a part of thc St Mary's
complex.
S-IV￿.mo￿deso1d Trusi
chartts. no. 2)4376
- the Rector and the Wardens of St Marv's
Church ate trustces. This is a 5fflail non£cclesi&sticai grant rnaking charit¥ which holds some
inN'cstrnents.
St Marv's Church of En
land aiari
charftii. no. 117313)
the Rector and the Parish
Warden5 ITU5tc¢s. This ciwitl" OllT15 a ￿SIdential properti, Ivhi¢h is uscil bv a curate, i%,h¢
there is olle in post. ii.hich thcrc has bccn since MaN. 2019: and ii'hich is let comn)crcia]l J, at
other times. When the propert¥. TS Ict the charih." norniall!. makes a grant to the P￿1$h equaI to
thc nct rcnt received.
More infomiation is provided in Note 2) to the finan¢i31 ststements.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
TRUSTEES, ANNUAL REPORT(¢oMift
YEAR ENDED 31 DECEMBER 2020
The trns*es' annual report is.as appmved on IL Jul!, 2021 and signed on behalf of the Paro¢hia]
Church Council, the twstees, bfv..
Revd
hn Whittaker
Team Rector

THE PAROCHIAL CHURCH COUINCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
IRNDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF THE
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MARY WITH ALL SAtNTS' PUTNEY
YEAR ENDED 31 DECEMBER 2020
I report to the truslees on m) examination of the financial statemcnts of The Parochia] Church Council
of The Ecclesiastical Parish of St MaTI" wIth All Saints. Putne!, ('the charitv,) for the s'ear ended
31 Decembcr 2020.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the chariti, vou are responsible for the preparation of the financial statements in
accordance ii'ith the requirements of the Charities Act 2011 ('the Act,).
I rcport in ttspeci of eknmiination of the chariis s financial swements carried out under section 14$
of the 2011 Act and in cam'ing out mi. examination I have folloii'ed all the applicable Directions
given bv th¢ CharitTr' Commission under section 14i{i)(b) of the Act.
Ir+lDEPENDENT EXAMINER'S STATEMENT
Sinc¢ the chariti s gross income exceeded £2iO:000 lllour euminer must be a member of a bod}. listed
in section 145 of the 2011 Act. I wnfimi that I am qualified to widertake the eNamination because I
am a mcmbcr of thc Association of Chartercd Ccrtificd Accountants. ii.hich is onc of thc listcd bodics.
I have completed MN. examination. I confiTm that no mateTial vnatteTs have come to my attention in
connection w'ith the exarnination gi￿Ing me &2use to believe that in an!T material respect..
accounting records ￿'¢￿t not kept in restKct of thc chan'ts. as Jrquircd b). 5CCtion 130 of the
the financial statements do not accord ii'ith those ￿cords. or
thc financial statcmcnts do not compl!. Ivith the applicable requircmcnts conccming the
fomi and conteni of accounts sct out in thc ChatitiC5 {AccoutEts and Reports) Regulations
2008 other than an!. requirement that thc accounts giiTC a 'truc and faif vicw ivhich is not a
matter considered &8 part of an inde￿ndent examination.
I have no concerns and have com¢ across no other matters in connectiOTL I￿1th thc ciaminthon to
iihich attcntion should bc draiin in this re￿rt in order to enable a proper Under$L￿dIng of the
accounts to be reached.
10-12 High Strect
Bames
London
SW13 9LW
C.N. Wilknns FCCA
Inde
ndent Examiner
J] Jlilv 2021

THE PAROCHIAL CHURCH COUN'CIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
STA TELIIENT OF FINANCIAL AcfiviTIES
YEAR ENDED 31 DECEMBER 2020
2019
Unrestrict
funds
Restricted
funds Total funds Total funds
Note
Income and endowments
Don2tions 2nd legacies
Charitable aciii'ities
Other trading activities
Investment income
Othei income
344.6)4
49.145
28,750
72.09)
14.753
58.025
402,679
49.14)
31.458
72,166
15.253
402.435
77.068
46.748
67.092
15,708
2.708
71
500
Total income
i09.397
61,304
i70.701
609,051
Expendsture
Exp¢nditurc on raising fijnds".
Costs of raising donations and
legacies
Invcstment man￿eMent costs
Exyenditure on charitable activitics
Total expenditure
565
6.524
606.165
io
11,12
17.076
508.419
17,076
556,076
573,152
47.657
i25,49i
47,6)7
613,254
Nct gaills on investments
13
19.768
19,768
43,306
Net income
3.670
13.647
17.317
39,103
Transftts betsi'een fimds
5,057
(5,057)
Net movement in funds
8.727
8.590
17,317
39.103
Reconciliation of funds
Total funds brought fornard
Tot21 funds earried fonvard
1,891,146
2)5,2 li
2.146,361
2,107,258
1.899.873
263.805
2.163,678
2.146.361
The statement of financial activities includes all gains and losses rccognised in the vear.
All income and expenditure derive from continuing actikities.
The notes on pages 11 to 27 form part of these finallciai statements.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST IKARY WITH ALL SAINTS, PUTNEY
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2020
2019
Note
FIXED ASSETS
Tansiblc fixed assets
Invc5tments
18
19
362,988
1.416,19)
1.779.183
366,iJ6
1.383.408
1.749,944
CURRENT ASSETS
DLbtors
Cash at bank and in hand
20
54.003
354.242
103,771
33i.0i8
408,245
438,829
CREDITORS: amounts falling due within one
year
21
(23:750}
(42.412)
396,417
NET CURRENT ASSETS
384,49)
TOTAL ASSETS LESS CURRENT LIABILITIFS
2.16J,678
2.146,361
FUNDS OF THE CHARITY
Rcstnctcd funds
Unrestncted fiinds
26J.80i
1.899.873
255,215
1.891,146
Total charity funds
23
2,163,678
2,146,361
These financial statements ii'ere approi'ed bs" the board of trustees and authorised for issue on /6 Juli,
2021, and arc signcd on bchalf of the Paroclll"al Church Council b)
Revd Jo
Rector
n WThittaker
Richard Holman
Parish Tr&isurer
The notes on pages 1 I to 27 form part of these financial statements.

THE PAROCHIAL CHLTRCH COUN'CIL OF THE ECCLESIASTICAL
PARISH OF ST I¥IARY WITH ALL SAINTS, PUTNEY
STA TEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2020
2020
2019
CASH FLOWS FROM OPERATING ACTIVITIFS
Net incomc
17,317
39.103
Adjii.¥Èmep71sfor.'
Dcprcciation of tangiblc fixed assets
Nct gains on investments
Other Interest receivable and similar income
3_164
(43.3061
(67,092)
(19,768)
(72.166)
Changcj in."
Trade and other d¢b￿[S
Trade and other creditors
49.768
(18.662)
(19,192)
4.936
Cash gencTrted from operations
(39.963)
(82,387)
Interest receiwed
72.166
67,092
(15,295)
Nct cash from/(uscd in) opeTrting activities
32,203
CASH FLOWS FROM INVESTING ACTIVITIES
Purchas¢s of othcr invcslmcnts
(13,019)
(489)
Nct used in ini'esting activities
(lJ,019)
(489)
NET INCREASEI{DECREASE) IN CASH AND CASH
EQUIVALENTS
CASH AND CASH EQUIVALE.WfS AT BECINNIIYC OF YEAR
CASH AND CASH EQUIVALEf4TS AT END OF YEAR
19,184
33i.Oi8
(15,784)
3iO.842
3)4,242
33i,Oi8
The notes on pages I I to 27 forni part of these financial statements.
io

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARI, WITH ALL SAINTS, PUTNEY
NOTES TO THE Flh'ANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
GEYERAL INFORMATION
The charttN' is a public benefit entiti. and a regisiered chan'ty. in England and Wajes and is
unincorporated. The address of the principal office is St MaTrs Chuich: Put￿¢￿. High Strcet,
Putnei.. London. SW li ISN.
STATEMEf4T OF COMPLIANCE
ThL5C financial statements hal'c bccn prepared in compliance ii.ith FRS 102: 'Thc Financial
Reporting Standard applicablc in thc UK and the Rcpublic of Ireland,. the sL￿e[￿ent of
Recommended Practice applicablc Èo charities preparing their accounts In accordance ivith thc
Financial Rcporting Standard applicable in the UK and Republic of I￿13￿d (FRS 102) (Charities
SORP (FRS 102)) and thc Chatities Act 2011.
ACCOUNTINC POLICIES
Basis of preparation
The financial sLitements have been Prepared on the bistorical cost basis. a5 Tnodified bs, the
revatuation of certain financial awts and liabilities and investment properties measured at fair
va]ue through income or expenditure.
The financial stat¢ments are prepared in sterling.. iihich is thc fvnctional curtency of the entits,.
Going concern
There are no material uncertainties about the chariti s ability to continue.
Fund accollnting
Restricted Fund..
A restricted fund is a fi]nd subjeet to specific trnsts (e.g. b!, a letter fiom the donor at the time of
gift). li maN' bc a capitsl fund: iihich caE￿0t be spent but must be retw.ned for the benefit of the
church: or it may be an income fithd. Is'hich must be spent on the specified putposc ii'ithin a
re&8onable lime_
Unrestricted funds".
All fiind5 hcld for general purposes are kno1￿ a5 Un￿S￿ICtcd ￿ndS to distinguish them from
restricted funds. The church's unt¢strict¢d funds are therefore those M".hich arc hcld for spending
at the PCC'S disc￿tion. Thc5e include anv further filnds which the PCC has designated for
particular purposes.
D¢si
nated futEd.
If thc PCC sets aside part of its unrcstrictcd funds for a particular projert it mai, placc thesc in a
sCpa[￿e unrestrictcd fund called a designated ￿T]d. All unrcstricted fimds comprise inconie funds
which the PCC MU￿ spend v"ithin a [G￿onable tim¢.
li

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINAIYCIAL STA TEMENTS (e•Nw¢u¢d)
YEAR ENDED 31 DECEMBER 2020
ACCOUNTING POLICIES (comr￿Me
Incoming resources
Volun
Collcction5 arc rccogniscd ii,hcn received b!. or on beha]f of the PCC. Tai recoverablc uiidcr Gift
Aid is recognised iTrhen the income 15 Tccogni5ed. Other, non specific donations are recogniscd
when rec¢iYed. Funds rnised fcles, quiz nights and similar events are accounted for gros5.
income..
Other income".
Rental income from the letting of propertF' is recogniscd is,hen the renta] is duc. Satcs of
magazines are a¢counied gr05s. Diiidend income is accounted for ivhen due and paN'ablc. Bank
interest Is recognised and recordcd in the financiat statements as the income a¢crucs. Rcaliscd
gains on properties are recognised M'hen the properties ate sold. Realised g￿nS and losses on
investmenls are recognised whcn thc invcstmcnts are sold. Unrealised gains 01 losscs are
accountcd for on reva]uation of ini."estments at 31 De￿￿1￿[ 2020.
Resources expended
nditure GenerallN'
ENpcnditurc is included on an acctua]s basis and is recognised when thcrc is a legal or
Constructive obligation to paN for exp¢ndituTE.
Grants
Granis and donalions are accounted for ii.'hen paid o%'er, or when awarded. if that award creatss a
binding obligats.on on the PCC_
ActiTritics directlN' relatsn
to the of the Church
The Diocc5an Parish share is accounted for in the N'ear to ￿,￿"ch it relates. Anv Parish share
Iinpaid at 31 December is provTded for as an operational IA2bilih, and is sho11￿ as a creditor in the
ba]ance 5he¢t.
Tangible gssets
Consecrated
. and moN'eable church fvrnishin
Consecrnted and bcneficd prope￿ of ans. kind is Gicludcd from the a￿unt$ by section 96
{2)(a) of the Chariti¢s Act 1993. This comprises mainl!. St Nqan"'s Church, PutneN' High Street
and th¢ surrounding land. and AU Saints, Church: PutneN" Common and its land. The Parish also
owns the freehold of the Old Buriai Ground: Upper RÈchmond Road. for the ma1)￿ement of
hich the London Borough of wands￿Orth has statutory" Tesponsibility.
Moveable church furnishings held bi, the Vicar and Church iY2rd¢ns on special tThst for the PCC.
and i&hich require a facultN. for dispo￿. are accoLLllted as inalirnablc propcrtN' unless
con5ccrated. The!. are listed in the Church's inTrentor%." iihich &2n be inspected (at S￿5, reasonable
time}. For inatiettable p￿petty. acquired prior to 2WO thLtc is insufficient cost infomiation
available ihLrcfore such &ssets are not N"alued in thc accounts. Items acquired since Ja]iuary'
2000 liave been capitsiiscd and dcpreciated in the a¢¢ounts over dicir currentl).. anticipated usbful
economic life on a strn"ght-lin¢ basis.
Improvements to consecrated or beneficed buildings costing less than £500 are inelud¢d in the
rcsoiirccs cxpended in the N'ear in ii.hich thc!. are incurred. All maintenance and repairs are a]so
included in the resources expended in the SOFA for the year in whl'ch the expenditure aris¢s.
12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
ACCOUNTING POLICIES {e0Arth￿
Other immoveable
Other immoveabl¢ propety comprises both functional and inv¢stm¢nt assets. Functional propett!
is held ivith th¢ primarv putpo% of housing clerg!., although H"hen It is not rcquired for this
purposc: Tt is let in order to generate income for the Pattsh. InN'cstmcnt prope￿. is held to providc
Income and iiith the objeaiTrc of obtwning capital appreciation ovcr timc. The Parish regards
itself ag a long-tem) inve5toi.
At the year end the Parish owned a long leasehold apartment in the fijndionai eatsgory,, whicb
was acquired during 2015, and a long leasehold apartment an investment. The ftTrrnier is sho￿,
at cost: and it has not bccn dcprcciat¢d in th¢ financial Statements on the grounds of
immateria]It!', due to the v¢Tr.' long economic life and its htgh residual value. The latter is
included in the accounts at fair ialue &s of 31 December 2016: follo￿.{ng revaluation bv Parkgate
Estatcs (Richmond) Ltd M"hich has PTovided infomiat confirniation that the market values of both
properties are no less than the y￿ucS shoii'n in the Balance Shcct.
Chureh office cquipment including computers and fvrnitU￿ Office equipment and furnituff used
ii.'ithin the Church premises is depreciated OD 2 Strdight-line basis over four and ten )'ears
respcctivel).. Individual it¢ms of ¢quipment ii'ith a purchase pticc of £1,000 or beloNN' ate not
capitaiised, and thus ate includcd as revenue expenditu￿ in thc SOFA in the year of purchase.
Investments
Investments arc revalued to mat&et value at 31 Dcttmber 2020.
Depreciation
DeptEciation is caicul*cd so as to IlTite off thc c051 of an &sseL less its estimated residuaI value.
over the useful economic life of that asset as folloiis".
Depreciation is provided on aIl tangiblc fixed assets at T2tes ealeulatcd to write off cost on a
stratght-line basis over their e_l￿Cted useful economic lives as folloi¥5'.
Church office equipment and compute
Church furniture
Gcdlv Plav equipment
- 4 vears.
- 10 vears.
- 20 vears.
Current 2ssets
Amounts owing to the PCC at 31 December 2020 in ￿Sp¢Ct of fees. rent& or other incomc are
shoiim a8 debtors, less provision for an!." amounts that mav pmve uncollectible.
Short term dcposits include held on deposit with thc CBF Church of England Funds. 01 at
the bank.
Inve5t]]]ent property
Investment prO￿rtI. is initiall5. recorded at cosl which includes purch&5¢ price and ans, direcily"
attributable eYpenditsI￿.
Investment properti, is revalued to its fair value at each reporting d* and any changes in fair
value are recognised in income or expenditure.
13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST ,MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STA TEMENTS
YEAR ENDED 31 DECEMBER 2020
AcCOUNTI￿G POLICIES
If a ￿liable measure of fair value is no longer available ii'ithout undue cost or effort for an item
of inN'cstmcnt propcth,: it shall bc transfcrrcd to tangiblc a5scts and trcatcd as such until it is
expected that fair value iiill be ￿lIabl5. measurnble on an on-going basis.
Impainnent of fixed assets
A rcvicw. foi indicatOT5 of isnpaiTtncnt is cattied out at each rcw)rting date, Thqth the recoverable
amoiint being eslimatcd ii.here such indicators exist. Ivhere the cam'ing value exceeds the
recovcrablc amount, thc &sset is impaircd accordingl)." Prior impairni¢nts arc also wvicii¢d for
possible reversal at each ￿pOrting date.
For the purposes of impaimient testing-. ￿hen is not possible to escimate the recoverable
amount of an individual asseL an estimate is made of the recoN'etable amount of the
cash-generating unit io is-hich the &sset belongs. The ￿h*eneratIng unit is the smailest
identifiable group of asscts that includcs thc &￿t and generdte5 cash infloii's that largcl5'
indcpcndcnt of the cash inflows from othcr &ss¢ts or groups of assets.
For impainnent testing of goodMII: the g(*>dii"ill acquired in a business combination is, from th¢
aequisiÈion dat¢: allo¢atcd to each of the cash%enerating units that are eipected to b¢ncfEi from
the si'nergies of the combination, Irrespective of whether other agsets or liabilits.es of the chartty
are assigned to those units.
Financial instruments
A financial asset or a financial liabilits. is recognised onl}, when the charity becomes a paty to
th¢ contractua] proTrisions of thc instrument.
Basic finat]cial instrumcnts are initialli, recognised at the amount Tcc¢ivablc or paTrablc including
ani." rel￿¢d iransaction costs.
Current asscts and current liabilities are subsequentl!" tnwurrd at thc cash or other consideration
expected to be paid or t¢c¢iv¢d and not discounted.
Dcbt instTuments are subsequently measured * amortised cost.
Where investments in SI￿￿5 are publicl!.. traded or their fair value can otheTh4"ise be measured
reliabli".
the invcstmellt is subsequentl!.. measured at fair v'alue iNith changes in fair value
rccogniscd in income and e.IpendiluTe. All other such investmetits are subscquend!, mca5urcd at
cost less impaimient.
Other financial instruments, including deriiatti'e& a￿ initiall!. recognised at fair value, unless
pa!ym¢ni for an assei is defcrrcd bel'ond nonnal business frnns or financcd at a rate of interest
that is not a markct rate. in ii.hich the ass¢i is mcasuTed at the present value of the future
paymcnt5 discounted at a mthet rate of interesi for a similaF dcbt instTumcnt.
Othci financial instruments are subseqllend!. M￿uffd at fair valuc: with anN' changes recognised
th¢ statctncnt of f]nanci￿ activities: ii"Ith the exception of hedging instwmcnts in a designated
hedging ￿latIOnshIp.
14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STA TEMENTS
YEAR ENDED 31 DECEMBER 2020
Financial assets that are measured at cost or anTrort15ed cost are rek'ici¥'cd for objcctive evidence
of impairment at the end of &qch repottsng d￿¢. If thcre is objective ei'idence of irrtpainncnt. an
impairment loss is recognised under the appropriate heading in the sL*enient of financial
activities in ii,hich the initia] gain w'as recogniS￿.
For all equitTr' instruments regardless of sigttifie2nce. and other financial agsetg that a
indii'idua]IN' significani thc5e are assessed indii'"idualli" for impaÈnnent. Othcr financial assets are
either assessed indiN"idualK!.' or groU￿d on the basis of similar credit risk characteristics.
Anlr reversals of impairtncnt arc rccognised immcdiateli,: to the eiient that the rcN'crsal does not
result in a ¢am"ing amounl of the financial ￿Set that exceeds M,hat the carrying amount ivould
have been had the impajtmcnt not previousli" ken recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the relatcd service is providcd. Prepaid contnbutsons are recognised as an assct to the citcnt that
thc prepa)'ment will lead to a rcduction in future pa!'Inents or a cash refitnd.
When contnbutions are not ex￿Ct¢d to be settled whollv M'.ithin 12 months of the end of the
reporting dat¢ in i￿.hiCh the emploi'ees Tender the ￿lated scrvice, the liabilits, is measured on a
discounted present waluc basis. The unwinding of the discount is rccognised ￿ an eipcnse in the
pcriod in ivhich it aTiSes.
DONATIONS AND LEGACIES
un￿str[ctcd
Funds
Restricl¢d Total Funds
Funds
2020
DONATIONS
Gift Aid donations
Incomc Tax Rec4)i'ernble
264.448
6).040
264,448
6i,60i
56)
GIFTS
Collcctiotts
Donations
12.399
2.767
12.399
60,227
402,679
i7.460
344,654
i8.02)
Un￿StriCted
Fwids
Restrict¢d Total Funds
Funds
2019
DOLNATIONS
Gift Aid donations
Income Tix Rccoverable
2i1.483
70,314
251,483
70,314
GIFTS
Collcctions
Donations
38.120
6.307
38,120
42,518
402.435
36,211
366.224
36.211
15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARI. WITH ALL SAiiYfs' PUTNEY
NOTES TO THE FINAIYCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
CHARITABLE ACTIVITIES
Un￿st￿Cted Total Funds Unresth'cted TotsI Funds
Funds
2020
Funds
2019
Church Lettings
Magazine advertising
WeddinglFuneral Fees
37,779
2,267
9,099
37.779
2.267
9.099
61,902
61,902
li,166
49.14)
49,14
77.068
77,068
OTHER TRADING ACTIVITIES
Unrestricted
Funds
Restricted Total Funds
Fund5
2020
Trust income
Othcr grants
28,7iO
28,7iO
2.708
2,708
2,708
28,7iO
31,458
Unrestricted
Funds
R¢stricted Totsl Funds
Funds
2019
Sponsorships
Fundraising income
Trust Income
7,000
7.000
4.041
3),707
4,041
35,707
42,707
4,041
46,748
INVESTMENT INCO.ME
Unrestricted
Funds
Restricted Total Funds
Funds
2020
Church Property. Rental Income
Interest and DiTridends
61.182
10.913
61.182
10.984
71
72.095
71
72.166
un￿StriCted
Funds
Restrictcd Total Funds
Funds
2019
Church Propcm. Rcntal Income
Intcr¢sl and Diiid¥nd5
54,981
12.005
54,981
12.111
106
66,986
106
67,092
16

THE PAROCHIAL CHURCH COUIXCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
OTHER IFICOME
Unrestricted
Funds
Rcstrictcd Total Funds
Funds
2020
Furlough scheme grJnts
Other income
2.360
iOO
2,860
14.7)3
iOO
li.253
UnTE5tticted
FuTLds
Restricted Totsl Funds
Funds
2019
Events
Tideii'ay Tunnel Compensation
Diocesaft Propert5, Rental Income
Oth¢r inrome
1,647
10,290
3,7iO
21
1,647
10.290
3,750
21
li.708
COSTS OF RAISING DONA TIONS AND LEGACIES
Restricted Total Funds
Funds
2020
Restricted Tots] Funds
Fund5
2019
Fundraising Ewent Costs
565
56)
10. INVESTMENT MANAGEMENT COSTS
Unrcslricted Total Funds Unrestricted Totsl Funds
Funds
2020
Funds
2019
Maintenancc of let propert5,
Rent
Ulilits'¢s and miscellaneous expenses
L¢tting Commission
7.649
4.800
2,277
2.3iO
7.649
4.800
2.277
2.3iO
5,354
1.170
1.170
17.076
17.076
6,524
6.524
17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FtNANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
11. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
UnTESttictcd
Funds
Restricted Total Funds
Funds
2020
Missionarv and Charitable Giving
Dioce&2n Quota
Clerg!. expenses and accoTnmodation
Sajatics and NIC LaTr' Staff
Organists: choirs and music
Tcaching and cvangelis
Service eNpenscs
Light. Hcat & WateT
Insurance
Maintenance - Buildings and Grounds
CleaJ)ing and Waste Disposal
Parish Magazine
Lrtting Expenses
Telephone & Intemet
Poswe & Stationery
IT Support
Equiptnent miscellaneous
Bank Charges and Inte￿st
Sundrv Items
Depreciation
Staff Recruitment and is'elfare
Support costs
1,202
320.164
12.233
76.797
16.2)2
1.613
i.602
21.043
7.860
14.142
4.517
1.402
3,090
47.104
48,306
320.164
12.233
76.797
16.2)2
1.681
i.602
21,043
7,860
14,142
4.517
1.402
3.090
3.901
4.946
1.017
800
624
877
3.548
698
6,576
28
4,946
1.017
800
504
845
3.17)
698
6,576
120
32
373
i08,419
47,657
556.076
Unrestricted
Funds
Restrict¢d Total Funds
Funds
2019
Missionary. and Charitable Giving
Diocesan Quota
Clergi.. expenses and accommodation
Sa]aries and NIC Staff
Organists: choirs and music
Tcaching and evangelism
Service expenses
Light, Hcat & Water
Insurance
Ma]ntenance - Builth"ngs and Grounds
Cleaning and W&ste Disposal
Parish M￿azIn¢
Letting Eipenses
Hospitalitv and refreshments
Telephone & Intemet
Post￿¢ & Stationct).
IT Support
Equipmcnt mi5¢¢112n¢ou5
6.089
317,8)4
14,881
69.254
29.480
1.897
4,7iO
20.2)2
24.789
30.878
317.8)4
14,881
69,254
29,480
650
4.7iO
20.252
7,863
5¥,568
4,868
300
6,045
456
4.504
4,730
2.214
2.155
58.)68
4.868
300
6,045
456
4.)04
4.723
2.214
2.15)
18

THE PAROCHIAL CHlJ]ICH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STATEMENTS
YEAR EN'DED 31 DECEMI BER 2020
All Saints Office Utilities and cleaning
Bank Char¥cs and Interest
Siindn, Items
Depreciation
Events
Staff Rccruitment attd iY¢lfar¢
Support cosls
6.808
20)
3.080
2.147
1.524
2.84)
6,668
6,808
477
3,080
3,164
I,)24
2.84)
6,668
606,165
272
1,017
579.430
26.73)
12. EXPENDITURE ON CHARITABLE AcfiviTIES BY AcfiviTY TYPE
Wider
Church
Total
2020
Givfftng
Facilities
Admin
PaTish SLlPPOrt Fund
La}. staff
Othcr ¢xpenses
141.7(M)
28.900
37,170
207,770
178,464
320.164
76.797
li9.115
11.200
iO.6i2
36.697
22.987
48.306
48.306
61.8)2
59.684
178,464
5i6,076
Wider
Church
Total
2019
Giving
Ministry Facilities
Admin
Parish Support Fund
Lai, staff
Oth¢r cxpenses
126,000
11.942
5).061
191.854
317,854
69.254
219,Oi7
13.li3
99,057
44,li9
34.061
30.878
30,878
193.003
112.210
78,220
191,8)4
606,165
13. NET GAINS ON INVESTMENIS
Unrestricted Total Funds UnTestrictrd Total Funds
Funds
2020
Funds
2019
Gainsl(Ios5cs) on listed inw"cstmcnts
19.768
19.768
43.306
43.306
19

THE PAROCHIAL CHURCH COLINCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FtNANCIAL STATEIMENTS
YEAR ENDED 31 DECEMBER 2020
14. NET INCOME
Net income is sw¢d after chwEingl(credits"ng)".
2020
2019
Depreciation of tangible fixed assets
3,)48
3,164
Is. Ir4DEPETrIDENT EXAMINATION FEES
2020
2019
F¢¢s paTr'able to the independcnt ¢¥arnin¢r for.
Indcpcndenl eNamination of the financial statc¥n¢nts
6,576
6,668
16. STAFF COSTS
The total staff costs and emploN'ec bencfits for thc tctM)rting pericMI are anai!.'sed as folloi4's.'
2020
2019
Wages and salaries
Social seciirtti. costs
Etnployer contributtons to pension plans
74.9)7
849
991
66,629
I,691
934
76,797
69,2)4
Th¢ av¢ragc h¢ad count of emplo!'¢es: including part-tune staff: during the vear ￿.￿$ 8 (2019.. 7).
Thc avcrag¢ number of emploN'ees during the comprised 3 administrative staff12019.. 3), 4
workjng in the ministry" of the Parish (2019.. 3) and I man4ing facilitics (2019.. 1).
During the l'ear the PCC emploi'ed a propem. manager: pastoral assistants: childrcn'5 IVOTkers,
church administrntOTS and organisE* none of ￿.hoM Gqmed £60.000 p2. or more {2019.' none).
Some organists and profrssional choir members iiere paid on a freelance basis.
17. TRUSTEE REMUNERATION AND EXPEN'SES
During the s'ear no member of the PCC receii'ed anN' reimbursement of expcnses or remuneration
In relation to that role. Parish clew. are eMplo￿.ed b¥, the Church Commissioners and are
thetEfore not regarded as emplo)'ees of the PCC.
20-

THE PAROCHIAL CHURCH COUINCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FtNANCIAL STA TEMENTS
YEAR ENDED 31 DECEMBER 2020
18. TANGIBLE FIXED ASSETS
land and
butldings
Equipment
Total
Cost
At l January 2020 And 31 December 2020
Depreciation
Ai l JanuaTr' 2020
Charge for the vear
At 31 December 2020
3)2,724
114,367
467,091
100,)))
100.5)5
3,)48
104.103
104,103
Carrying amount
At 31 Defember 2020
352.724
10.264
362,988
At 31 December 2019
3i2.724
13.812
366,536
Valuation of fixed assets
The l¢as¢hold land and buildings compri5C5 rcsidential apartment at 88 Ha!Ivard Gardens.
Putnei, ii.hich ii"&s acquiwd in 20 li as accommodation for a curate. Th¢ ptOPCTtv is Ict ii'hen. as
in 2019 and 2020, it is not Tcquired for Parish staff.
Thc properti, hag been reviewed for IM￿Mient and no dep￿ciatIon charge is being made on the
grounds that".
The PCC has a polic¥ and P￿￿let of rcgular maintenance and repair of the piopetty and
it is unlikelv to sufFer an!. economic or techni&￿ obsol¢sc¢nct.
The estimated remaining lise￿I Ilfe of the building ii-ill exceed io Ncars.
An}. d￿reciatIon charge Trould k inunaterial and M"ould not rc&sonably influence th¢
use of the accounts.
19. INVESTMENTS
Listed Investment
investments
properties
Total
Cost or valuatio
At l JanuaTTr. 2020
Additions
Incomc rcinvcst
Fair va]ue movements
900.000
1,383.408
12,iOO
519
19.768
12,500
i19
19.768
At 31 Deeember 2020
516.195
900.000
1,416.195
Impaiment
At l January 2020 and 31 December 2020
Carryillg a]]]ount
At 31 December 2020
i16.195
900.000
1,416.19)
1,383,408
At 31 December 2019
483_408
900.000
All investmcnts show] abovc arc held * I'aluatson.
21

THE PAROCHIAL CHURCH COU￿,cIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FtNANCIAL STATEMEIYTS {co￿lA￿lI
YEAR ENDED 31 DECEMBER 2020
Investment propertits
The Parish a Ksidcntial long Ic&schold prop¢rt}' at 14J Kenili%.'orth Court: Lower Richmond
Road. PutneN', ii.hich il'as re￿.alUed as at 31 tkcember 2016 ￿ £900.000 bl" Parkgate Estal¢s
{Richmond) Limited. The PCC Is 5atisficd that this inN'cstmcnt has suffcrcd no long-temi
impairnient in vatue.
The valuation is b&scd on consid¢rabl¢ and cunEnt expeTience of Selling and letting flats in
Kenili*orth Court: an esthte of lio apartments ii'lu"ch il'as built in 190). The method liras
rcferencing recent sales on the esLite and adjusting for dissimilar factors. such as the numbcr of
bedrootns and the condition of the properts.. The main as511ttiptions ii.'ere that va&qnt possession
as availablc and that, as confirnied bi. the Parish: the good condition. It is of the
opinion of the trustees that there is no material change in the value of the propertv sincc the 31
December 2016 va]u*ion.
FAnAncial assets held a¢ fair value
Othei inwestvncnl &sscts consist of..
- 294 Class B ordinaTr' equiti. sha￿S in Ro￿21 Dutch Shell Plc.
i8) units in the CBF Church of England In￿.¢$tMenI fund.
- 223.692.415 Units in Newton Real Retum Fund.
Sknck exchange invesrments are revalued according to the published prices quoted in the
Financial Time5 at 31 December 2020.
20. DEBTORS
2020
2019
Income Ta￿ R¢covcrabl¢
St s PaTish Trust
Prepal'menis and aecrucd incom¢
Si Mary s Church of England Charits,
16.583
20,568
9,761
7,092
54.003
20,058
31.370
49.348
2,995
103,771
21. CREDITORS: amounts falling due within one year
2020
2019
Trade cicditots and acctued e¥pens¢
Tenanc￿. deposit
Deferred income
19,60)
2.58)
1.560
37,277
3,115
2.020
23,750
42,412
22. PENSIONS AND OTHER POST RETIREMENT BENEFITS
DefIned Contribution plans
The amount rccognised in income or expenditUTC as an expense in relation to dcfined
niribution plans iTras £991 (2019. £934).
22

iom
o¥L

pjm

THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTN:EY
NOTES TO THE FINANCIAL STA TEMENTS
YEAR ENDED 31 DECEMBER 2020
23. ANALYSIS OF CHARITABLE FUNDS
The EmilN. P¢t¢r Fund is the Parish's share of the proceeds of sale of a propertv Used by
Southii'ark Dioc¢5an Wel&wE. This properh. had been acquired bN' Wel&ire, M'ith the approval of
the PCC, using the proceeds of ￿e of a previous hotnc that been gifted b}." Emil). Pctcr to thc
Pansh 5pecificall:. for usc as a moth¢r and babi. home.
On the sale of the replacement propeth the PCC ￿Tted that the bulk of the consideration should
bc gift¢d to W¢lcare to enable the iiork that it had been &￿'Ing on at the house to continue in
a]iernatii'e premises. The PCC has agreed to use the income from this fund for education and
training PUTposes.
24. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2020
2019
Tangible fixed aS￿ts
Investments
CutT¢nt assets
C￿dItOrS Ic5S than l Tr'cat
360,J77
1.416_19i
147.0) I
(23:7iO)
1.899.873
2,611
362.988
369.700
1.416,19)
1,339.613
408.245
43i.421
{23:7iO) (37,476)
2,163,678
2, &46,36l
261.194
Net assets
263.80.)
A detw.led breakdo￿Tr of r¢slricted funds is s¢t out in Note 23. Th¢ pury)oscs of th¢ main fund5
are..
l. Parish Action." Funds raised bi" the Parish primarill. for ¢￿ternal charities.
2. St Marn s Develo
ment.. Proceeds of grants: donations: fund raising and interest less pavments
madc for thc rcdcvclopmcnt and mwntenancc of St Man s Chureh.
3. HcnTr Smith Fund.. Donations r¢cciN'cd spccificalli. for th¢ ii"clfarc of tho% in nccd.
4. Fricnds of All Saints, Church.. £44:473 of this ￿nd is held as an endois'mcnt to support music
in the church. The bajance is for the upkeep of the building and grounds of All Saints, Church.
Furniture and e
ui
ment." Funds dOna￿d specificail!. for the purchase of capitsl items,
including CqUiPPTn¥ the Godls. Pla!. rooJn at St Man-'s Church.
6. S ecific Donations.. The Parish has receii.'ed a number of smaller gifts for purposes specified
b!, th¢ do[￿[5. Thes¢ indiNiduallN' rEcord¢d and arc rctain¢d until appli¢d as thc donors
'ishcd.
7. Fabric Fund.. Thi5 15 committed to the maintenance of the fabric of the two churches and other
properties owned bv the Parish.
The Designated Fund is made up of four ¢l¢m¢nts:
Welfare Fund..
Doiiatcd funds to be used at th¢ discrEtion of the incumbcnt.
Minist￿, Fund..
Monies designated by All Saints, Church to suptK)rt futurc CIc￿Y appointmcrtts.
Maintenan
Monics dcsignatcd bl. All Saints DCC for th¢ fvturc upkrxp of th¢ buildmg and grounds.
Office rent..
Monies designated bv All Saints, DCC for the provision of future office accommodation
25

THE PAROCHIAL CHURCH COL'NCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STATEMENTS fcortirf4edJ
YEAR ENDED 31 DECEMBER 2020
25. RELATED PARTIES
NORA AND OLIVE BILEWER TRUST
296988
Under the temis of the Trusi Deed the Parish of Putnei. is entitled to receive 40 /0 of the Trust
liicomc aTrnua]Iv. In thc N'ear to )] Dccember 2020 the amount rcccivcd bi. the Parish ii"'as
£28:7iO (2019.. £J2_180). The Trust Deed rcquire5 that at least hvo trustees should be members
of the Parochial Church Council.
ST. MARY'S PARISH TRUST
1112724
The Recior and the churchiiardens of St. MaTh's Church are also trustees and directors of Si
MaTh s Parish Trust (a chatitablc con1pa￿l).
Thc Trust leases thc BrciN'er Building, attached to St M3Th s Church: from the Parish under a
l¢ase dated 29 Mar¢h 2007, pa1.ins an annual reni of £10:091. The ietm of thc Icasc is 99 N'cars
from 20.09.200i. B! an widerlease of the same date ii%o offices in thc BreiNcr Building arc Ict to
the Parish for the &2me period less 3 das's al a peppercom rent.
At 31 December 2020 the Tnjst oil'ed the Parish £20,i68 (2019: £3 1.371). Thi5 tota] compriscs
rcnl pal'ablc for the long le&£e of the land on il'hich the Breii"er Building il.as constructcd bN' thc
Trust and a proportion of sa]aTiCS, Utilitics and other costs paEd for bv the Patish. This baiancc has
been paid 5inc¢ thc cnd of 2020.
ST MARY'S CHURCH OF EN'GLAND CHARITY
117313)
This charitTr' Thas fornied b!.. a Scheme of the Charits. Comtnission on 8th June 1993, ii'hi¢h
merged the asscts of threc previous charities, including the Church Hall Ttust (fomied 1897). It
'&g Eegistered ii".ith thc CharitN' Commission on 22 Mi 2017. Previously it had remained
unregistered due its income ￿Illg undct5tO(MJ to bc l¢ss than £i,000 p.a
The objects of the charitl" a￿ to "furthcr thc rcligious and other ch￿itable ii'otk of the Church of
England in the Ecclesiastical Parish of Si MaTr' PutneN The trustees are the Viw and Wardcn5
of the Parish.
This eharity a residential propeth, at 8 Deodar Road and a150 the freehold of 120 Putnev
Bridge Road, on iihich a 99 l.ear lease grantcd ID 1982, for a premium of £iU:000, at an
annua] ground rent of £200 from 2015 to 2048, II"bcD It rises to £300.
The Trustees of the charitv resoli'ed to make a grant to the Parish of the net rental income from
these properti¢s in 2017. From l i August 2017 8 Deodar Road was made available to the Parish
i¢nl-fr¢c as accommodation for the curate.
Part of thc premium, ii'hich ￿'aS held bN the Rochester &. Southii."atk Diocc&2n Church Trust as
custodian tntsree, u'as Ttleased to the Parish in 1999 to assist in the funding of Tnajor
improN'cments to All Saints, Church and the remainder. thc accumulatcd intcrcst: ii.'as drawn
doMTn b5, the Partsh in part funding of a new Hall ncxt to St. MaTh s Church
26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST MARY WITH ALL SAINTS, PUTNEY
NOTES TO THE FINANCIAL STATEMENTS (eon(iHud)
YEAR ENDED 31 DECEMBER 2020
BIGGS.IIYMONDESOLD CHAIUTY
2)4376
The T&wn Rector and the churchM'ardens of St Mar%T'S Church are the trnstces of this
chariti'(register No. 254376). This is a 'relief of need, chatii!., ii'liich assists those in anN' ti'pe of
need. but its fi]nds arc not available for church PUTPOSCS. It consists of scvcn old charit!. funds-
RookerK. Close. T KennetL J Po￿.c11. Benjamin Hunt BI￿5. William w}￿101]d¢S0]d. Elizabeth
Offley and the Fulham Bridge CharitiT
PUTNEY PARISH DEVELOPMENT TRUST
279868
This ch￿1￿. w'&8 fornied in 1980 to restore: develop.. iMpro￿e. mainL￿.￿ and repair the Church of
St MaTr s Putnes.. The objccts ii'cr¢ ¢Ntended in 1994 to includc ihc Church of All Saints, Putnev.
The Vicar and Churchiiardens of the Parish are ex Officio trustccs. other trustecs are nominated
and appointcd a majoTits" of thc cxisting trustres. The clwi"ts' been dotmant for sei'ejxl
}'¢ars.
27