## ## |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| ## ## ## ## ##