2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary With All Saints' Putney

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Trustees' annual report
Independent examiner's report to the trustees
Statement offinancial activities
Statement offinancial position	10
Statement ofcash flows
Notes to the financial statements

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Trustees'	annual report
Independent examiner's		report to the trustees
Statement	offinancial	activities
Statement	offinancial	position	10
Statement	ofcash flows
Notes to	the financial	statements	12

								2020
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note
Income and endowments
Donations and legacies					335,636	47,883	383,519	402,679
Charitable activities					55,207		55,207	49,145
Other trading activities					51,683	5,000	56,683	31,458
Investment income					63,953	8	63,961	72, 166
Other income					11,521		11,521	15,253
Total income					518,000	52,891	570 891	570701
Expenditure
Expenditure on raising funds:
Costs ofraising donations			and
legacies				9		675	675
Investment management		costs		10	11,337		11,337	17,076
Expenditure on charitable	activities			11,12	540,895	48,706	589,601	556,076
Total expenditure					552,232	49,381	601,613	573,152
Net income / (resources	expended)				(34,232)	3,510	(30,722)	(2,451)
Net gains/(losses) on investments				13	30,278		30,278	19,768
Transfers between funds					(289)	289
Net movement in funds					(4,243)	3,799	(444)	17,317
Reconciliation offunds
Total funds brought forward as reported			previously		1,899,873	263,805	2,163,678	2,146,361
Total funds carried forward					1,895,630	267,604	2,163,234	2,163,678

					2020
		Note
FIXEDASSETS
Tangible fixed assets		18		367,443	362,988
Tnvestn1ents		19		1,447,027	1,416,195
				1,814,470	1,779,183
CURRENT ASSETS
Debtors		20	54,902		54,003
Cash at bank and in hand			328,297		354,242
			383,199		408,245
CREDITORS: amounts	falling due within	one
year		21	(34,435)		(23,750)
NET CURRENT ASSETS				348,764	384,495
TOTAL ASSETSLESS	CURRENT LIABILITIES			2,163,234	2,163,678
FUNDS OFTHE CHARITY
Restricted funds				267,604	263,805
Unrestricted funds				1,895,630	1,899,873
Total charity funds		23		2,163,234	2,163,678

	YEA		R ENDED 31DECEMBER 2021
					2020
CASH FLQWS FROM	OPERATING ACTIVITIES
Net (expenditure)/income				(444)	17,317
Adjustments fov:
Depreciation oftangible	fixed assets			4,972	3,548
Net gains on investments				(30,278)	(19,768)
Other interest receivable	and similar		income	(63,961)	(72,166)
Changes in:
Trade and other debtors				(899)	49,768
Trade and other creditors				10,685	(18,662)
Cash generated from operations				(79,925)	(39,963)
Interest received				63,961	72,166
Net cash (used in)/from	operating	activities		(15,964)	32,203
CASH FLOWS FROM	INVESTING ACTIVITIES
Purchase oftangible assets				(9,427)
Purchases ofother investments				(554)	(13,019)
Net cash used in investing activities				(9,981)	(13,019)
NET (DECREASE)/INCREASE			IN CASH AND CASH
EQUIVALENTS				(25,945)	19,184
CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR				354,242	335,058
CASH AND CASH EQUIVALENTS AT END OFYEAR				328,297	354,242

DONATIONS AND LEGACIES
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
DONATIONS
Gift Aid donations	246,446		246,446
Income Tax Recoverable	61,994	565	62,559
GIFTS
Collections	16,040		16,040
Donations	11,156	47,318	58,474
	335,636	47,883	383,519
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
DONATIONS
Gift Aid donations	264,448		264,448
Income Tax Recoverable	65,040	565	65,605
GIFTS
Collections	12,399		12,399
Donations	2,767	57,460	60,227
	344,654	58,025	402,679

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Church Lettings			42,447	42,447	37,779	37,779
Magazine	advertising		367	367	2,267	2,267
Wedding/Funeral		Fees	12,393	12,393	9,099	9,099
			55,207	55,207	49,145	49,145

6.	OTHER TRADING ACTIVITIES
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
	Trust Income	51,683		51,683
	Other grants		5,000	5,000
		51,683	5,000	56,683
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
	Trust Income	28,750		28,750
	Other grants		2,708	2,708
		28,750	2,708	31,458
7.	INVESTMENT INCOME
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
	Church Property Rental Income	53,876		53,876
	Interest and Dividends	10,077	8	10,085
		63,953	8	63,961
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
	Church Property Rental Income	61,182		61,182
	Interest and Dividends	10,913	71	10,984
		72,095	71	72,166

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
Events			2,980		2,980
Other income			84		84
Coronavirus	Job Retention	grants	8,457		8,457
			11,521		11,521
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
Other income			2,360	500	2,860
Coronavirus	Job Retention	grants	12,393		12,393
			14,753	500	15,253

9,	COSTSOF	RAISING D	ONATION	S AND LEGAC	IES
				Restricted	Total Funds	Restricted	Total Funds
				Funds	2021	Funds	2020
	Fundraising	Event Costs		675	675
10.	INVESTMENT MANAGEMENT			COSTS
				Restricted	Total Funds	Restricted	Total Funds
				Funds	2021	Funds	2020
	Let property
	Maintenance	and services		4,578	4,578	7,649	7,649
	Rent					4,800	4,800
	Utilities and	miscellaneous	expenses	4,515	4,515	2,277	2,277
	Letting Commission			2,244	2,244	2,350	2,350
				11,337	11,337	17,076	17,076

EXPENDITURE ON C	H	ARITABLE ACT	IVITIES BYFUND T	YPE
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
Missionary and Charitable		Giving	3,370	46,512	49,882
Diocesan Parish Support	Fund		320,164		320,164
Clergy expenses and accommodation			21,161	1,674	22,835
Salaries and NIC Lay Staff			84,026		84,026
Organists, choirs and music			11,497		11,497
Teaching and evangelism			1,841		1,841
Service expenses			4,303		4,303
Light, Heat &Water			16,083		16,083
Insurance			7,801		7,801
Maintenance -Buildings	and Grounds		37,453		37,453
Cleaning and Waste Disposal			2,463		2,463
Parish Magazine			1,881		1,881
Church Letting Expenses			2,085		2,085
Telephone &Internet			4,010		4,010
Printing, Postage &Stationery			4,579		4,579
IT Support			1,592		1,592
Equipment and software			988		988
Bank Charges and Interest			540	147	687
Sundry Items			3,381		3,381
Depreciation			4,599	373	4,972
StaffRecruitment and welfare
Support costs			7,078		7,078
			540,895	48,706	589,601
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
Missionary and Charitable		Giving	1,202	47,104	48,306
Diocesan Parish Support	Fund		320,164		320,164
Clergy expenses and accommodation			12,233		12,233
Salaries and NIC Lay Staff			76,797		76,797
Organists, choirs and music			16,252		16,252
Teaching and evangelism			1,653	28	1,681
Service expenses			5,602		5,602
Light, Heat &Water			21,043		21,043
Insurance			7,860		7,860
Maintenance -Buildings	and Grounds		14,142		14,142
Cleaning and Waste Disposal			4,517		4,517
Parish Magazine			1,402		1,402
Church Letting Expenses			3,090		3,090
Telephone &Internet			3,901		3,901
Printing, Postage &,Stationery			4,946		4,946
IT Support			1,017		1,017
Equipment			800		800
Bank Charges and Interest			504	120	624

	YEAR ENDED 3	1DECEMBER 2021
Sundry Items		845	32	877
Depreciation		3,175	373	3,548
StaffRecruitment	and welfare	698		698
Support costs		6,576		6,576
		508,419	47,657	556,076

					Wider	Total
	Giving	Ministry	Facilities	Admin	Church	2021
Parish Support Fund		211,100			109,064	320,164
Lay staff		35,374	11,279	37,373		84,026
Other expenses	49,882	42,357	65,885	27,287		185,411
	49,882	288,831	77,164	64,660	109,064	589,601
					Wider	Total
	Giving	Ministry	Facilities	Admin	Church	2020
Parish Support Fund		141,700			178,464	320,164
Lay staff		28,900	11,200	36,697		76,797
Other expenses	48,306	37,170	50,652	22,987		159,115
	48,306	207,770	61,852	59,684	178,464	556,076

				Unrestricted	Total	Funds	Unrestricted	Total	Funds
				Funds		2021	Funds		2020
Gains	on	listed	investments	30,278		30,278	19,768		19,768

	Net (expenditure)/income	Net (expenditure)/income	is stated after charging/(crediting):
				2021	2020
	Depreciation	oftangible	fixed assets	4,972	3,548
15,	INDEPENDENT EXAMINATION FEES
				2021	2020
	Fees payable	to the independent examiner for:
	Independent	examination	ofthe financial statements	6,578	6,576

The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020
Wages and salaries				81,790	74,957
Social security costs				1,031	489
Employer	contributions	to pension	plans	1,205	991
				84,026	76,797

in relation to that role. Parish clergy are e not regarded as employees ofthe PCC. TANGIBLE FIXEDASSETS	mployed by the Church Com	missioners and	are therefore
	Land and
	buildings	Equipment	Total
Cost
At 1 January 2021	352,724	114,367	467,091
Additions		9,427	9,427
At 31December 2021	352,724	123,794	476,518
Depreciation
At 1 January 2021		104,103	104,103
Charge for the year		4,972	4,972
At 31December 2021		109,075	109,075
Carrying amount
At 31December 2021	352,724	14,719	367,443
At 31December 2020	352,724	10,264	362,988

INVESTMENTS
	Listed	Investment
	investments	properties	Total
Cost or valuation
At 1 January 2021	516,195	900,000	1,416,195
Additions	554		554
Disposals	(553)		(553)
Fair value movements	30,831		30,831
At 31December 2021	547,027	900,000	1,447,027
Impairment
At 1January 2021and 31December 2021
Carrying amount
At 31December 2021	547,027	900,000	1,447,027
At 31December 2020	516,195	900,000	1,416,195

DEBTORS
	2021	2020
Income Tax Recoverable	17,248	16,583
StMary's Parish Trust	23,980	20,568
Prepayments and accrued income	10,851	9,760
Tenancy deposit	2,823
StMary's Church ofEngland Charity		7,092
	54,902	54,003

CREDITORS: amounts falling due within one year
	2021	2020
Trade creditors and accrued expenses	28,005	19,605
Tenancy Deposit	2,487	2,585
Deferred Income	3,943	1,560
	34,435	23,750

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ANALYSIS OF NET ASSETSBET	WEEN FUNDS
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
			K
Tangible fixed assets	365,205	2,238	367,443
Investments	1,447,027		1,447,027
Net Current assets	83,398	265,366	348,764
Net assets	1,895,630	267,604	2,163,234