## **St Mary Le Strand with St Clement Danes Parochial Church Council**
## **Trustees’ Report and**
## **Financial Statement**
**Year Ended 31 December 2020**
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## **ST MARY LE STRAND WITH ST CLEMENT DANES PAROCHIAL CHURCH COUNCIL**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**CONTENTS**|**Page No**|
|---|---|
|**Reference and administrative details of the charity**|**3**|
|**Trustees’ Report**|**4-9**|
|**Independent Examiner’s Report**|**10-11**|
|**Receipts and Payments account**|**12**|
|**Statement of assets and liabilities**|**13**|
|**Notes to the financial statements**|**14**|
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## **ST MARY LE STRAND WITH ST CLEMENT DANES PCC**
## **Reference and Administrative Details of the Charity, its trustees and advisers for the year ended 31 December 2020.**
## **Trustees**
The Reverend Philip Chester (Chair) (until 6/9/20) The Reverend Canon Dr Peter Babington (Chair) (from 7/9/20) The Reverend James Craig (Safeguarding Officer from 11/12/20) The Reverend Peter Hanaway The Reverend Keith Riglin The Reverend Dr James Walters Nick Cressey (Churchwarden) (from 20/10/20) Margaret Stonborough (Churchwarden) Janet Crabtree (Treasurer) Katie Ginger Peter Maplestone David Scott Sandeep Christian (joined 20/10/20) Barry Morgan (joined 20/10/20)
The Reverend Charlotte Bradley (resigned 9/12/20) The Reverend Tim Ditchfield (resigned 12/9/20) Sam Holmes (Churchwarden) (resigned 12/9/20)
PCC Secretary Karen Little, Parish Administrator
## **Charity registered number: 1140177**
**Principal office** : St Mary le Strand, Strand, London WC2R 1ES
**Investment Managers** : Central Board of Finance of the Church of England, CCLA, Senator House, 85 Queen Victoria Street, London EC4V 4ET
**Independent Examiner** : Mr Derek Rodwell, Benett Verby, 7 St Petergate, Stockport, SK1 1EB
**Bankers:** Lloyds TSB Plc, 6 Holborn Circus, London EC1N 2HP
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## **ST MARY LE STRAND WITH ST CLEMENT DANES PCC**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
The Parochial Church Council of St Mary le Strand with St Clement Danes (‘the PCC’), as Trustees, present their annual report, together with the financial statements, for the year ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements.
## **Background and Mission**
The PCC has responsibility for promoting the work of the ecclesiastical parish, including the whole mission of the church, pastoral, evangelistic, social and ecumenical.
The PCC is also responsible for the maintenance of the Grade 1 listed parish church of St Mary le Strand and for the administration of an endowed charitable trust, the St Clement Danes Parish House Charity.
## **Structure, Governance and Management**
The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary le Strand, membership of the PCC normally consists of the licensed clergy, the two churchwardens, and the members who are elected by those persons whose names are enrolled on the Electoral Roll. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish and on how the funds of the PCC are to spent. The PCC met on six occasions during the year 2020.
## **Administrative Information**
St Mary le Strand is part of the Two Cities Area of the Diocese of London and is within the Archdeaconry of London and Deanery of Westminster (St Margaret), we welcome the oversight of The Rt Revd & Rt Hon Dame Sarah Mullally DBE, Bishop of London, and we seek to play a full part in the life of the Diocese.
The PCC is a body corporate under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules (‘the Rules’) and is a charity registered with the Charity Commission for England and Wales, no. 1140177. There are elections every year for the PCC at the Annual Parochial Church Meeting, where all those on the electoral roll are eligible to vote; the APCM operates under the Rules.
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## **POLICY STATEMENTS**
## **Health and Safety**
The PCC has a Health and Safety policy, covering the conduct of all activities within the church building. The policy is kept up to date and an accident book is kept in the church.
## **Safeguarding**
The PCC has adopted the Diocese of London’s safeguarding policy relating to children, young people and vulnerable people. The Safeguarding Officer was The Revd Tim Ditchfield until his resignation on 12 September 2020 and The Revd Jim Craig was appointed to that role on 11[th] December 2020. The role of Children’s Champion was left vacant for the time being.
The PCC is committed to the principles of best practice in relation to safeguarding and complies with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance may be read in full on the Church of England website.
## **Equality Act 2010**
The parish is aware of its responsibilities under the Act, especially regarding people with disabilities. A hearing loop is fitted in the church, wheelchair users are offered help in accessing the church building and toilet facilities are available for wheelchair users. However, the parish is aware that the flight of steps at the entrance to the church may give difficulties to wheelchair users. The grade 1 listed nature of the church building and its physical characteristics have, so far, prevented a full solution.
## **Risk management**
The parish has carried out an assessment of possible risks, including fire risks, within the church and has identified areas in need of improvement. Copies of the assessments are kept in the church. Financial risks are also reviewed from time to time. Capital and accumulated funds are held in respected common investment funds operated by the CCLA. All cheques require two signatures and online transactions require two approvers. During the year the parish had no paid staff. However, services were provided to the PCC as follows; Administration – Karen Little; Bookkeeping - Esther Kyesimira of Bookkeeping that Works; and Pauline Ives did the cleaning.
## **Reserves Policy**
It is PCC policy to maintain a balance on unrestricted funds which equates to at least six months’ unrestricted payments, equivalent to around £38,000, to cover emergency situations which may emerge from time to time. With unrestricted funds of nearly £400k the church is well within the policy.
It is the PCC’s policy to invest its funds in the CBF Church of England Funds, with unspent cash being held in their Deposit Fund. It will be noted that the amount of unrestricted funds
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at present is well in excess of this reserves figure. The greater part of the funds represents an accumulation from a fund to provide a rectory house for the parish. Although the fund is technically unrestricted, the PCC has designated it as the Property Fund and placed it in accumulation shares in the CBF Property Fund. The absence of a rectory house in this parish has a significant implication for all other aspects of ministry and the PCC does not consider the Property Fund to be available cash for expenditure in the same manner as other cash assets.
## **PARISH REPORT FOR 2020: THE YEAR IN REVIEW**
## **Objectives and Activities**
The PCC is committed to bringing as many people as practicable to worship at the parish church and to play a constructive role in the wider affairs of the community. The church’s services and worship put faith into practice through prayer, scripture and the administration of the sacraments.
When planning its activities for the year, the PCC has considered the Charity Commission’s guidance on public benefit and, in particular, on charities for the advancement of religion. The PCC tries to enable people to live out their faith as part of the parish community through:
- Worship and prayer; learning about the Gospel; and developing their knowledge of the Christian faith;
- Provision of pastoral care for parishioners;
- Outreach through St Clement Danes Primary School, charities associated with the parish and occasional events;
- Commitment to the Diocese of London’s ongoing mission project Capital Vision 2020.
To facilitate this work, it is important that the PCC maintains the parish church of St Mary le Strand, a grade 1 listed building of national significance.
The church was closed from 23 March 2020 in accordance with national COVID-19 restrictions and was permitted to open for public worship from 4 July 2020. The church was again closed from 5 November – 2 December 2020 under government restrictions. The PCC took the decision to apply for a dispensation to close the church from 11 January 2021 to 22 March 2021 taking heed of advice from HM Government, the Mayor of London and the Diocese during the third national lockdown. During these closures experience was gained in recording services and transmitting them through the medium of YouTube and Facebook thus enabling us to keep in touch with our parishioners and a wider congregation.
Plans for the Church to host cultural events including choral and orchestral performances did not materialise owing to the restrictions imposed by HM Government to contain the COVID-19 pandemic.
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## **The Community**
The church has been involved with the planning stages for the Strand/Aldwych Regeneration Project. St Mary le Strand is seen as a centre piece for this project, providing a place of worship and a place of sanctuary, a public democratic space and a place of engagement and connectivity with the local communities. Work commenced on reconfiguring the traffic system around the Aldwych in January 2021 and the area around the church will become pedestrianised by late summer 2021.
## **Worship and Prayer**
A schedule of services of Sung Eucharist at 6pm on Wednesday, together with one evening Sunday service per month was maintained until 23 March 2020 when the church was forced to close during the national lockdown. During the summer Evening Prayer was recorded and distributed via YouTube and Facebook, and a said Holy Communion resumed on Tuesdays at 1pm from 4 July 2020.
Since September, the weekly Tuesday said Communion has been livestreamed and during the autumn 2020 and winter 2021 lockdowns a weekly service has continued to be live streamed. Since Advent 2020, Night Prayer is said weekly on a Thursday at 8pm via Zoom.
An Advent Carol Service was recorded in the church, without a congregation, within the COVID-19 restrictions and was live streamed. A Christmas Carol Service was pre-recorded and included readers from organisations who would normally have held a service in St Mary le Strand. This was sent to all the organisations and received in excess of 350 views.
Nigel Groome working on a part time basis, according to need, continued as Musical Director.
## **The Fabric of the Church**
No additions were made to the furnishings and the ornaments and fittings were all present and in good condition. No major work was carried out to the church in 2020.
The Quinquennial Inspection was carried out by Malcolm Fryer Architects as part of an in-depth condition survey of the fabric of the church. This is being used as the basis for a Feasibility Study for the Restoration and Development of the church as part of the Aldwych/Strand Pedestrianisation Project.
## **Treasurer’s Report**
The accounts for 2020 accompany this report. The income from all sources amounted to £71,100 and expenditure totalled £77,058. The value of the investments increased by £50,425 over the year. Total funds at the end of the year came to £1,478,991 of which £1,084,849 were restricted. The PCC are also trustees of the St Clement Danes Parish House Charity and are able to make transfers to the parish from the income of that charity, which exists for the benefit of the parish.
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## **Public Benefit Statement**
The PCC confirms that it is aware of the Charity Commission’s guidance on public benefit. The requirement to maintain a public benefit is met by the regular provision of church services on both Sundays and weekdays, the provision of marriages, funerals and baptisms, the hosting of cultural events such as concerts and art exhibitions and the opening of this grade 1 listed building to visitors on ad hoc basis.
## **Electoral Roll**
In accordance with the Rules, the parish’s Church Electoral Roll was renewed in 2019. The number of names on the revised roll was 30.
**St Mary le Strand: Three Missions** (Vision Statement approved by the PCC, 10/02/2021)
## **Vision**
St Mary le Strand will be a restored and redeveloped church building, with a renewed mission and ministry, at the heart of the regenerated Strand-Aldwych district.
## **Mission**
St Mary le Strand, a Church of England parish church, will stand at the centre of a new ‘piazza’ as a place of worship and as:
- A place of sanctuary;
- A public democratic space;
- A place of engagement and connectivity with the communities around.
As a local church, we have three missions which are interconnected: Christian, Public and Cultural.
## **Values**
Our vision and three missions are underpinned by these values and concepts:
- We will be prayerfully inclusive: Open to God and Open to All;
- We will practice hospitality and seek to build a culture of welcome and invitation;
- ‘Life in all its fullness’: we will seek to further the flourishing of all people;
- ‘To seek the welfare of the city’: we will work for the flourishing of our neighbourhood;
- We will seek to support, contribute to and animate the cultural-thinking life of the district.
- To be a sanctuary is to be a well-spring – a source of life and refreshment – a place of refuge from the busyness of the world outside to which we return encouraged and inspired.
- Partnership: we will work with our neighbouring institutions, organisations and churches wherever possible to deliver shared aims and to support the delivery of the aims contained in our vision.
- Participation: we value the varied gifts contributed by different people and seek to increase participation in the life of the community of the church.
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##
## **The Independent Examiner's Report to the PCC of**
## **St Mary-Le-Strand with St Clement Danes**
I report on the financial statements of the PCC for St Mary-Le-Strand with St Clement Danes for the year ended 31 December 2020 as set out on pages 12 to 14.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the financial statements under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act ; and
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- to prepare accounts which accord with the 2011 Act
- have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 7[th] May 2021
Derek Rodwell
Impact The Future Ltd,
Bennet Verby,
7 St Petersgate,
Stockport,
Cheshire, SK1 1EB
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## **ST MARY-LE-STRAND WITH ST CLEMENT DANES PCC**
**Receipts and payments accounts For the year ended 31st December 2020**
|**Notes**
**Income and endowments**
**_Donations and legacies_**
Gift aid Bank
Loose Plate collections
Giving through church boxes
One-off Gift Aid gifts including envelopes
Donations appeals etc
Tax recoverable on Gift Aid
Strand Parish Trust
**_Donations and legacies Totals_**
**_Income from charitable activities_**
Fees for weddings and funerals etc
Church Hire
Sales of books, postcards etc
**_Income from charitable activities_**
**_Totals_**
**_Investments_**
Dividends
Bank and building society
interest
**_Investments Totals_**
**Income and endowments**
**Grand totals**
**Expenditure**
**_Expenditure on charitable activities_**
Common Fund
Cost of parish administrator
Verger Fees
Working expenses of incumbent
Parish training and mission
Church running - insurance
Church office - telephone & IT
Organ / piano tuning (including removal)
Organist, musician, choir and music director
Church maintenance
Cleaning
Upkeep of churchyard
Bookkeeping
Administration
Consumables
Hospitality
Bank Charges
Visiting speakers / locums
Church running - electric
Church running - water
Church running - oil
Special appeals paid out
Exhibitions, concerts & events
Independent examination fees
**_Expenditure on charitable_**
**_activities Totals_**
**Expenditure Grand totals**
**Net movement in bank accounts**
**Opening balance in bank- see note below**
**Movements between bank accounts**
**Closing balance in bank**|**2020**
**2020**
**2020**
**2020**
**Unrestricted Unrestricted Restricted**
**Totals**|**2019**
**2019**
**2019**
**2019**
**Unrestricted**
**Unrestricted**
**Restricted**
**Totals**|
|---|---|---|
||**Parish House**
**funds**|**Parish House**
**Restoration fund**|
||758
758
123
123
304
304
1,220
1,220
1,240
1,240
0
12,628
5,000
17,628
16,273
0
5,000
21,273
2,735
2,735
6,002
6,002
35
35
8,772
0
0
8,772
14,161
26,499
40,660
106
189
100
396
14,267
26,688
100
41,056
39,312
26,688
5,100
71,100
29,000
29,000
8,390
8,390
975
975
0
0
10,000
10,000
10,951
10,951
1,551
1,551
85
85
6,700
6,700
230
230
292
292
0
0
3,826
3,826
250
250
508
508
28
28
131
131
45
45
1,225
1,225
185
185
725
725
0
761
761
1,200
1,200
77,058
0
0
77,058
77,058
0
0
77,058
(37,746)
26,688
5,100
(5,958)
33,269
67,637
137,230
238,137
38,000
(38,000)
0
0
33,523
56,325
142,331
232,179|504
504
3,572
3,572
206
206
2,001
2,001
61
801
863
0
10,664
10,664|
|||17,008
801
0
17,809
2,528
2,528
1,480
1,480|
|||4,008
0
0
4,008
15,932
25,728
41,660
59
332
811
1,202|
|||15,991
26,060
811
42,862|
|||37,007
26,861
811
64,679|
|||28,400
28,400
10,697
10,697
533
533
212
212
8,000
8,000
10,427
10,427
582
582
974
974
14,136
14,136
2,406
2,406
1,395
1,395
426
426
2,562
2,562
320
320
114
114
2,593
2,593
146
146
455
455
1,361
1,361
84
84
667
667
801
801
1,475
1,475
3,100
3,100|
|||91,063
801
91,864|
|||91,063
801
91,864|
|||(54,056)
26,060
811
(27,185)
41,925
86,977
136,420
265,322
45,400
(45,400)
0|
|||33,269
67,637
137,230
238,137|
Page 12
## **ST MARY-LE-STRAND WITH ST CLEMENT DANES PCC**
**Statement of assets and liabilities For the year ended 31st December 2020**
|**ST MARY-LE-STRAND WITH ST CLEMENT**
**Statement of assets and liabilities**
**For the year ended 31st December 2020**|**DANES PCC**||
|---|---|---|
|**Notes**|**2020**
**2020**
**2020**
**2020**|**2020**
**2019**
**2019**
**2019**
**2019**
**2019**|
|**Fixed Assets - Investments**
CCLA Shares Parish Property 6001P
CCLA Shares 623006001S
CCLA Shares Parish House Charity
**3,4**
Total
**Current Assests - Cash at Bank**
Lloyds Current Account
Lloyds Restoration Fund
Lloyds Parish House
Lloyds Jubilee Account
**5**
CCLA PCC 623006003D
CCLA Parish House Charity 6001D
Total
Total of Investment & Bank Acc
Total Investment & Bank Acc held by PCC
Total Investment & Bank Acc held by Parish House
**Creditors at Year End**
Independent Examiner's Fee
Other amounts owed for invoices paid in following
year
Total
**Debtors at Year End**
Amount owed for Gift Aid
Sundry Unpaid Invoices
Amounts owed from St Clement Danes for
Wedding Fees
Amounts owed by Strand Parish Trust
Total|**Unrestricted**
**Unrestricted**
**Restricted**
**Endowment**
**PCC**
**Parish House**
**Funds**
**Parish House**
255,432
45,400
945,981|**Total**
**Unrestricted**
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**PCC**
**Parish House**
**Funds**
**Parish House**
255,432
268,795
268,795
45,400
42,479
42,479
945,981
885,114
885,114
1,246,813
311,274
0
0
885,114
1,196,388
7,755
15,497
15,497
1,197
1,197
1,197
11,666
23,167
23,167
133,868
133,768
133,768
33,033
16,575
3,463
20,038
44,659
44,470
44,470
232,179
33,269
67,637
137,230
0
238,137
1,478,991
344,543
67,637
137,230
885,114
1,434,524
476,686
481,773
1,002,306
952,751
1,478,991
1,434,524
(1,200)
(1,200)
(1,200)
(905)
(1,886)
(1,886)
(2,105)
(3,086)
0
0
0
(3,086)
1,795
2,000
2,000
995
995
2,660
2,660
1,200
2,628
2,628
2,995
8,283
0
0
0
8,283|
||300,832
0
0
945,981||
||2,755
5,000
1,197
11,666
133,868
33,033
44,659||
||36,985
56,325
138,868
0||
||337,817
56,325
138,868
945,981||
||(1,200)
(905)||
||(2,105)
0
0
0
1,795
800
400||
||2,595
0
400
0||
The financial statements were approved by the PCC on and signed on their behalf by:
20/04/21
Page 13
## **ST MARY-LE-STRAND WITH ST CLEMENT DANES PCC Notes to the accounts For the year ended 31st December 2020**
## **1. Net Movement in Investment Assets**
|**Note**
Unrestricted Funds
CCLA income shares Property Fund
6001P 197,382 shares
CCLA Investment Fund
6001S 2,216 shares
Total Unrestricted Invetment Funds
Endowment Funds-Clement Danes
Parish House Charity
CCLA Investment Fund
46,174 shares
**3,4**
Total Investment Funds
**2. Movement on Restricted Funds**
Restoration Fund
Jubilee Fund|**2019**
**Opening**
**Balance 01/01/19**
**2019**
**Movements**
**in value**
**2019/20**
**Closing/Opening**
**Balance**
**01/01/20**
**2020**
**Movement**
**in Value**
**2020**
**Closing Fund**
**31/12/20**
271,756
(2,961)
268,795
(13,363)
255,432
35,699
6,780
42,479
2,921
45,400|
|---|---|
||307,454
3,819
311,274
(10,442)
300,832|
||745,641
139,473
885,114
60,867
945,981|
||745,641
139,473
885,114
60,867
945,981|
|||
||1,053,095
143,292
1,196,388
50,425
1,246,813|
||**2019**
**Opening**
**Balance 01/01/19**
**2019**
**Interest**
**Income**
**2019/20**
**Closing/Opening**
**Balance**
**01/01/20**
**2020**
**Income**
**2020**
**Closing Fund**
**31/12/20**
3,463
3,463
5,000
8,463
132,957
811
133,768
100
133,868|
||136,420
811
137,230
5,100
142,331|
**3. History of the Parish House Endowment Fund** . The permanent endowment to the St Clement Danes Parish House Charity in 1896 was the Parish House. When this property was sold in 1961, the sale proceeds of £27,500 were used to purchase units in the Central Board of Finance Investment Fund. This fund is administered by the Custodian Trustees- The London Diocesan Fund.
In 2014 the permanent endowment to the Old Watch House Charity was transferred to the Parish House Charity. These funds originated when the Old Watch House was sold in 1961 and the proceeds were used to invest in CBF Investment shares.
**4. Presentation of the Parish House funds** . In consultation with the Diocese of London the accounts for the St Clement Danes Parish House Charity which is governed by the PCC of St Mary Le Strand have been added to these PCC accounts. For ease of comparison the figures for the Parish House Charity have been shown as separate unrestricted and endowment funds. Prior to 2018 these accounts have been prepared as a separate unregistered charity. The governing documents of the St Clement Danes Parish House Charity state that 'the managing trustees shall apply the clear income of the Charity for the purpose of furthering the religious and other charitable work of the Church of England in the Ecclesiastical Parish of St Mary le Strand with St Clement Danes'. With regards to the application of capital endowments it states: 'subject to the approval of the Charity Commissioners the managing trutees may apply the capital of the Charity in defraying the cost of providing property to be apprpriated and used for the said purpose".
**5. Jubilee Fund.** This Lloyds bank account had previously (before 2019) been excluded from the accounts. It is now considered to be part of the funds available to the PCC. The fund can be utilised under the discretion of the current incumbent and the 'senior' church warden and can be spent on the maintenance and support of the fabric, on services or the stipend of the curate.
**6. Assets and liabilities** . Apart from the amounts described in the statement of assets and liabilities the PCC of St Mary Le Strand had no further material assets or liabilities at the end of 2020.
## **7. Accounting Policies**
a. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis
b. Funds. General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC activities. Restricted funds are those donated for specific purposes.
Endowment funds are those funds held under the terms of a permanent endowment by the Clement Danes Parish House Charity.
c. Dividends are accounted for when received.
d. Investments are shown at the mid market valuations at the accounting period end date.
- e. Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011.
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