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2022-12-31-accounts

ANNUAL REPORT..
REPORT OF INDEPENDENT	EXAMINER.
STATEMENT OF FINANCIAL	ACTIVITIES.
BALANCE SHEET
NOTES TO THE FIINANCIAL	STATEMENTS.

Principal Address	Principal Address
St.Mary's Church
147 Hammersmith		Road
London
W14 OQL
Members of	the	Parochial Church Council
Priest-in-Charge:			Reverend Josh	Lees
Churchwardens:			Ed Green OBE
			Dr Jenny Ireland
Elected Members:			Hanna Ismail
			Rachel Cooper
			Elin Jones
			Pat Medlen (Joint PCC Treasurer)
			Dave Pearson	(Vice-Chair)
			Jeremy Sharp
			Jesse Sibley
			Nicola Walworth
			Robin Wedderburn
PCCSecretary			Dr Sandra Crewe
Co-opted:			Eleanor Davies	(Joint	PCCTreasurer)
			Sandra Mohammed		(Safeguarding	Officer)
Deanery Synod Representatives:			Ed Green OBE
			Andrew Hickman
Diocesan Synod Representative:			Jane Oldham
Independent	Examiner:		Mario Koureas	FCCA
			Hetherington and Co		Ltd
			Chartered Certified Accountants
			289 Green Lanes
			N13 4XS
Bankers:			Barclays Bank PLC
			191Earls Court	Road
			London
			SWS 9AW

				General	Designated	Restricted	Total	Total
				Funds	Funds	Funds	Funds	Funds
			Note.	2022	2022	2022	2022	2021
Income and endowments		from:
Voluntary Income			2.1	28,152		18,884	47,036	35,905
Activities for generating	funds		2.2	57,621			57,621	74,635
Income from Investments			2.3	49,558			49,558	44,886
Church activities			2.4	29,088			29,088	15,426
Other income			2.5	4,550			4,550	4,965
Total income				168,969		18,884	187,853	175,817
Expenditure on:
Church activities			3.1	155,927		13,078	169,005	133,002
Raising funds			3.2	86,913		1233	88,146	56,515
Tote I expenditure				242,840		14,311	257,151	189,517
Net income/(expenditure)		andnet
movement in funds before		gains/ (losses)
on investments			5	(73,871)		4,573	(69,298)	(13,700)
Gains/ (Losses) on investments.				(109,290)			(109,290)	117,090
Net Income/(Expenditure)		for the year		(183,161)		4,573	(178,588)	103,390
Transfer between funds			13
Net Movement in Funds				(183,161)		4,573	(178,588)	103,390
Reconciliation offunds
Total funds brought forward				3,341,325	93,317	19,424	3,454,066	3,350,676
Total funds carried forward				3,158,164	93,317	23,997	3,275,478	3,454,066

				2022		2021
		Notes		E		E
FIXEDASSETS
Tangible fixed assets				1,727,391		1,730,882
Investment property				1,444,090		1,553,380
				3,171,481		3,284,262
CURRENT ASSETS
Debtors		8	7,873		12,783
Cash at bank and in hand			137,602		194,223
TOTAL CURRENT ASSETS			145,475		207,006
CREDITORS: Amounts	falling
due within one year		9	(41,478)		(37,202)
NET CURRENT ASSETS				103,997		169,804
NET ASSETS/ (LIABILITIES)				3,275,478		3,454,066
PARISH FUNDS
General Funds		13		3,158,164		3,341,325
Designated Funds		14		93,317		93,317
Restricted Funds		15		23,997		19,424
				3,275,478		3,454,066

2.	INCOME AND		NDO	W	ME	NTS
							General	Designated	Restricted	Total	Total
							Funds	Funds	Fund	2022	2021
							f	f	f	f	f
2.1	VOLUNTARY INCOME
	Planned giving:
	Covenants and	gift aid			donations		11,634			11,634	14,804
	Tax recoverable						4,280			4,280	4,319
	Uncovenanted	and non gift aid
	donations						11,529		6,269	17,798	8,695
	Sundry offerings						210			210	83
	Youth Groups						499			499
	Missionary giving(inc.				tax	recoverable)
	Other voluntary		incoming			resources
	Legacies
	Grants								12,504	12,504	8,004
							28,152		18,884	47,036	35,905
2.2	ACTIVITIES FOR		GENERATING FUNDS
	Rent from functional			property			38,040			38,040	33,732
	Scaffolding licence										25,740
	Car park and garage						19,581			19,581	15,163
							57,621			57,621	74,635
2.3	INCOME FROM		INVESTMENTS
	Rent from investment				property		48,583			48,583	44,720
	UK Bank interest						975			975	166
							49,558			49,558	44,886
2.4	INCOME FROM		CHURCH			ACTIVITIES
	Fees (net of LDF		proportion)				1,576			1,576	520
	Letting ofchurch		hall				27,428			27,428	14,554
	Sundry income						84			84	352
	Church weekend
							29,088			29,088	15,426
2.5	OTHER INCOME
	Furlough grants										4,965
	Insurance Claim-storm				damage		4,550			4,550
							4,550			4,550	4,965
							168,969		18,884	187,853	175,817

			YEAR ENDE	D 31DECEMB	ER 2022
3. EXPENDITURE				General	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2022	2021
				E	E	f	E	f
3.1 CHURCH ACTIVITIES
(i)	Outreach activities and grants
	Christian Agencies and fees
	Overseas mission and missionary		giving
(ii)	Activities directly relating to the	work of
	the church
	Ministry: Common Fund			70,209			70,209	70,209
	Clergy expenses
	Church Hall costs			15,616			15,616	5,273
	Church weekend
	Church running expenses			29,557		12,719	42,276	33,446
	Church routine maintenance			3,707		48	3,755	4,054
	Major property repairs			101			101	3,584
				119,190		12,767	131,957	116,566
(iii)	Church management and administration
	Administration and professional	fees		31,107		200	31,307	10,498
	Accountancy Fees			5,630			5,630	5,938
				36,737		200	36,937	16,436
	TOTAL CHARITABLE EXPENDITURE			155,927		13,078	169,005	133,002
3.2	RAISING FUNDS
(i)	Expenditure on 72Edith Road
	Repairs and running costs -72 Edith Road			40,267			40,267	27,591
	Management fees —72 Edith Road			5,039			5,039	4,994
	Administration fees —72 Edith Road
	Depreciation			10			10	10
				45,316			45,316	32,595
	Other Expenditure onfund raising		activities
(ii)	Event costs			1,247		1,233	2,480
(iii)	Expenditure on 3Edith Road -functional asset
	Repairs and running costs —3 Edith		Road	34,798			34,798	19,079
	Administration fees -3 Edith Road			2,052			2,052	1,341
	Depreciation			3,500			3500	3,500
				41,597		1,233	42 830	23 920
	TOTAL FUND RAISING EXPENDITURE			86,913		1,233	88,146	56,515
	TOTAL EXPENDITURE			242,840		14,311	257,151	189,517

					Funds	Surplus/	Transfer to	Funds
					brought	(deficit)	restricted	carried
					forward	in year	funds	forward
						f	E
Accumulated		funds			79,721	(70,371)		9,350
Church -operating			reserves		79,721	(70,371)		9,350
Property	revaluation			reserves	1,536,104	(109,290)		1,426,814
					1,536,104	(109,290)		1,426,814
Functional	property			reserve	1,725,500	(3,500)		1,722,000
					1,725,500	(3,500)		1,722,000
Total general		funds			3,341,325	(183,161)		3,158,164

held	for a s	pecified p	urpose.
					Funds	Surplus/	Funds
					Blought	(deficit)	Carried
					Forward	in year	Forward
					E	E	E
Edith	Road	-property	maintenance	fund	93,317		93,317
					93,317		93,317

15.	RESTRICTED FUNDS		Funds		Trf from			Funds
			Brought		General	Received	Funds	Carried
			Forward		Funds	in year	Used	Forward
						E
	Children's worker		8,365			12,504	12,719	8,150
	Kitchen and flower room
	refurbishment fund		5,100			1,205		6,305
	Church Refurbishment		5,648					5,648
	Church weekend fund			143				143
	Specific missionary			34				34
	Sound System					217		217
	Outreach fund					3,414		3,414
	Heating repair fund						48
	Retirement collection	R Curl		86				86
	Retirement collection	M Najjar				200	200
	Events fund					1,233	1,233
			19,424			18,884	14,311	23,997