2022-12-31-accounts

Charity Number.. 1144290 ST BOTOLPH WITHOUT ALDGATE Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2022

St Bololph without Aldgate Contents Page Legal and administrative information TrLtstees report Audilorfs report Statement of financial activities Balance sheet Notes to the financial statements 9-17

St Bololph without Aldgate Legal and administrative information Parish Saint Bololph, Aldgale and Holy Trinity, Minorie5 Charity rogistration number 1144290 Church address Si Bololph wilhoul Aldgate Aldgale High Street London EC3N 1A8 PCC members The Revd Laura Jorgensen The Revd Jarel Robinson-Brown Chair, Rector, ex officio Assistant Curate. ex officio from July 2021 Pauline Seymour Andrew Whibley Churchwarden. ex officio Churchwarden, ex officio lo May 2022 from May 2022 Anne Kno￿e$ Danielle Cargill Ryuichiro (Long) Okada Deanery Synod. ex officio Deanery Synod, ex officio from May 2022,. (Joint PCC secretary from July 20221 Sian Ellis Mike Humber from May 2022 IPCC Treasurer from May 20221 to May 2022 Anne Kno￿eS cliai.les Knowles Bemard Magny from May 2022 (Joint PCC secretary from July 2022) to May 2022 IPCC Treasurer lo May 20221 IPCC SeGrelary lo May 20221 Katherine Olley Matthew Piper Joseph Tilley Andrew Wallace Auditor Summers Morgan Sheraton House Lower Chorleywood Herts WD3 5LH Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling, Kent ME19 4JQ Page 1

St Bololph without Aldgate Annual Report of the Parochial Church Council for the year ended 31 December 2022 The Trustees of the P8rochi81 Church Council present their report and the financial statements for the year ended 31 December 2022. The Trustees who served during the year and up to the dale of Ihis reF)Ort are listed on page 1. Structure, governance and management The PCC Is 8 charity reglslered with the Charlty Commlssion under number 1144290. The PCC has the resKX)nsibility of cooperatirKJ with the incumbent. the Reverend Laura Jorgensen, in promoting in the ecclesiastical parish the whole mission of the Church. pastoral, evangelistic, social and eeLJmenical. 11 also has management and maintenance responsibilities for the Parish Church of Sl Bololph-wilhout-Aldgate, ils crypts, and the adjoining Gofflmunity centre (currently under Gonstructionl. Members of the PCC are either ex officio or elected by the annual parochial church meeting in accordance with Church Representation Rules. The PCC is also permitted to coopt lo its number persons. In 2022, the PCC met on 9 occasions. Objeclive5 and activities St Botolph's mission slatemenl is 'SI Botolph's strives to be an indusive gateway for church and community. welcoming all, making Christ visible and challenging ourselves and others. The PCC is Committed to providing a saered space for worship. prayer and quiet contemplation in the midst of Ili¥ L)Ubyll¥bb vl lif¥. Sl Bvtulyli'> 1> clll Vvell dl Id iiiblubiV¥ bliuibli dllLI Iv be Vdl t uf tli¥ iiiulli-ldyeivd Ioc81 community of school, residents, businesses, the City. and those who pass through. We 8re committed to helping people understand more about the Christian faith, and lo offering baptisms, weddings, funerals, rnemorlal servl¢es, an(1 Oiher Ilturglcal servlces for the communliy Incluulng carol servlces. In a(JUlllon, we seek to be a place where all are welcome and can find help or be referred to the help that they require., this includes people with mental health difficulties, the homeless and rootless. We are committed to our Grade 1 lisied tsuiloing for worship an¢ communiry use. Ovar rocent years, St Botolph's has bogn planning to commission and construct a new building to roplacg its current hall Ilhe Aldg8te Rooms). Work began in January 2021, wrthin the new building opening in Summer 2023 - providing a flexible space to meet the needs of the local church, resident and business communities. as well 8$ providing financi818usl8inability for church growth and the development of mission and ministry. Page 2

St Bololph without Aldgate Annual Report of the Parochial Church Council for the year ended 31 December 2022 Achlevements and performance The average attendance (both adults and ¢hildrenl al Sunday worship in 2022 wa$ 25 I¢0mpa￿d to an average of 21 in 20211 with an average child attendance of 5. Though lower than average attendance figures from before lockdown, our congregation grew during the year. Growth was also seen in three baptisms, and five children admitted to communion in November. School Assemblies resumed in church, the Sunday School continued to meet on Sundays, and a children's play area was established in the Peace Chapel. The option of joining Sunday worship by Zoom has continued for those unable or unconfident in returning to in-person worship," Ihis option has been iaken up for jusl under hall of the Sundays in the year wilh an average online attendance of 2. Weekday Eucharists were held on major festivals during 2022 {Epiphany, Ash Wednesday. Annunciation, Ascension Day, the Palronal Festival. Michaelmasl with an average attendance of 6. Additionally, services were also held during Holy Week on Maundy Thursday161 and Good Fr￿daY(lO)- following HM The Queen's death in September 1171,. and in the lead-up to Christmas with carol services for the Portsoken Ward Club 1751, the Sean O'Grady Foundation1501, the local community1291, Sidley Austin LLP162), and a reflection Blue Christmas service1141. We also celebrated the Windrush generation during a main service in June and an exhibition of artefacls in church. St Botolph's Community Choir continued lo meet throughout 2022. averaging a weekly attendance of 11 lout of 14 members}. Additionally, a Children's Community Choir was estsblished in September 2022 following a taster in May, averaging a weekly attendance of 14 lout of a maximum 18 members). With the easing of lockdown reslriclions, some liturgical provisions that had been rested were restored lincluding the extended peace. the number of hymns. and after-service refreshments) however the Common Cup remained suspended. In 2022. St Botolph's signed up lo the Wren 300 Projecl18n education and outreach progr8mme m8rking the 300-year anniversary of the death of Christopher Wren in 20231. Additionally, our parish also became twinned with Holy Apostles, Manhattan NYC. Page 3

St Bololph without Aldgate Annual Report of the Parochial Church Council for the year ended 31 December 2022 Flnanclal revlew The impact of knkdown is still teing felt in various aspects of church life. Though loose collections in the plate in 2022 were up 196Qkn from 2021, they continue lo be lower than pre-lockdown levels144Yo on 20191. There was a 23.10 reduction in Planned Giving in 2022 compared lo 2021 (though the reduction is not as great in comparison to pre-lockdown levels - 1601, lower). When looked al together, giving was down 90/0 this year. Levels of giving have been affected by both the loss of some long-standing mernbers during the past couple of years and the continuing cost of living crisis. A Stewardship Sunday was held in September, with the diocese's Area Finance Officer (Martin Hornbucklel addressing ¢hur¢h members, and St Boiolph's signed up to the Parish Giving Scheme. A ¢onta¢tless donation point ICollecTin} was also installed in the church. Church Rale continued to increase, with 2022 up 50¥. from 2021 land 83% higher than pre-comd 20191. Increases over 2021 were also seen in Organ recital donations and Church hire. However, with the ongoing work in building the new Aldgate Centre, income from hires continue lo be significantly down on levels prior to lockdown when the now-demolished Aldgale Rooms were regularfy hired out. St Botolph's aspires lo pay ils Common Fund to the diocese in full, however (while we work towards the opening and full operation of the Aldgate Cenlrel as wth last year, our pledged contribution for 2022 was £5,000. As in previous ygars, thg Parish bgnefits from tho financial 8UPPOrt and oncouragem8nt rocgivgd from the diocese and also from the Aldgate Freedom Foundation. We again place on record our appreciation to these organisalions for their commitment and assistance in helping us lo engage in mission and ministry opportunitic- within our community. Fabric Tho Archdaaeon carriad out a visitation to St Botolph's in 2022, to chack that it is compl5ring wth all requirements relating lo the car8 and upkeep of ils building, keeping of records, and meeting its resFx)nsibililies regarding safeguarding and other matters. Building work in 2022 has focussed in the main on the construction of the new Aldgale Centre, which after an elongated archaeological phasè and lockdown impacts will now open in Summar 2023. staff and Volunteers We continue to employ a full-time adminislralor, working five dayE a week. Page 4

St Bololph without Aldgate Annual Report of the Parochial Church Council for the year ended 31 December 2022 The PCC wishes lo express its appreciation to all who have enabled Sl Botolph's to remain open particularly when its buildings have been closed during 2022. particularly those who. in generously giving of their lime and talents, looked after our buildings especially when they have been closed, and made them COVID-safe when open continued in fellowship in attending worship both online and in-person led and enhance our worship, by taking active roles in reading and leading intercessions, in music and bell-ringing, and our sidespeoplelwelcomers provided vision and leaéership (both in elected positions and those who volunteer to assist in ad hoc projects and one-off pieces of workl in their everyday life, work and engagement help to build links between our church and our communty. Statement of the Trustees. responsibilities The Trustees of the PCC are responsible for preparing the PCC Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the PCC'S Trustees lo prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slatemenls, the PCC'S Trustees are required to.. select suitable accounting policies and then apply them consislenlly. observe the methods and principles in the Charities SORP,. make lu(Jgements an(1 esiimaies ihai are reasonatsle anu pru¢em', stale whether applicable UK Accounting S18nd8rds have been followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 The Trustees are also responsible for safeguarding the assets of the PCC and hen￿ for taking reasonable steps for Ihe prevention and detection of fraud and other irregularilies. The Revd Laura Jorgensen Chair Page 5

Independent auditor’s report to the Trustees of The Parochial Church Council of The Ecclesiastical Parish of St Botolph without Aldgate

Opinion

We have audited the financial statements of The Parochial Church Council of The Ecclesiastical Parish of St Botolph without Aldgate (the “PCC”) for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet, and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the Charity’s affairs as at 31 December 2022 and of its incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the PCC in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members of the PCC’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the PCC’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The members of the PCC are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the PCC’s report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Page 6

Responsibilities of the Members of the PCC

As explained more fully in the statement of the PCC’s responsibilities statement, the members of the PCC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the PCC determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the members of the PCC are responsible for assessing the PCC’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the PCC either intend to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; and

• • we identified the laws and regulations applicable to the charity through communications with Members of the PCC and other management, and from our knowledge and experience of the sector; and

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011 and taxation and employment legislation; and

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

• identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the PCC’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships; and

• tested journal entries to identify unusual transactions; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation; and

• enquiring of management as to actual and potential litigation and claims; and

• reading the minutes of meetings of the board of trustees; and

• enquiring of management as to income due to ensure income was reported in the correct period.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Page 6a

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members and management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Other matter

In the previous accounting period, the PCC required an independent examination under the Charities Act 2011. Therefore, the prior period’s financial statements were not subject to an audit.

Use of our report

This report is made solely to the Charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Corden ACA (Senior Statutory Auditor) for and on behalf of Summers Morgan First Floor, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH

Chartered Accountants Statutory Auditor

Page 6b

St Bololph without Aldgate Statement of financial activities For the year ended 31 December 2022 (restated) 2021 Total Unrestricted R&strictod funds funds 2022 Total Notes Incoming and endowments Voluntary income Activities for generating fijnds Investment income Church activities Other income 28,370 11,276 2.578 326 18.365 70,890 99,260 11.276 2.578 326 1,205.000 1,223.365 57,477 2,159 2,039 227 270,053 Total income 60.915 1,275.890 1,336.805 331,955 Expenditure Church activities Govemance costs 74,033 4.560 1.006,930 1,080,963 4.560 653,741 Total expenditure 78.593 1,006.930 1.085.523 653,741 Net Incomlnglloutgolng) resources before transfers 117,6781 268,960 251,282 {321,7861 Transfer be￿een funds 15,088 115,0881 Net income before investment gains (2,5901 253,872 251,282 {321,7861 Net gains on investsnents 125.4161 125.4161 41,573 Net income {2.5901 228,456 225,866 {280,2131 Total funds brought foNard Irestatedl 158,418 459,705 618.123 898,336 Total funds carrièd fonvard 155.828 688.161 843.989 618.123 The notes on pages 9 to 17 forni an Integral part of these flnanclal statements. Page 7

St Bololph without Aldgate Balance sheet as at 31 December 2022 (restated) 2021 2022 Not0$ Fixed assets Tangible assets Investments 11 12 29,734 234.103 30,923 259,519 263.837 290,442 Current assets Debtors Cash at bank and in hand 13 22,228 621,084 348,495 643,312 348,495 Creditors: amounts falling due within one year 14 163,1601 (20,8141 Net current assels 580.152 327,681 Net assets 843.989 618,123 Funds Restricted income funds Unrestricted income funds 18 688,161 155,828 459,705 158,418 Total fund8 843.080 618,123 Thp. finanr.i￿l st2tpmp.ntq wprg apprnvpd hy thp Parnrhial ChiJrr.h cnijnr.il nn and signed on it5 behalf by The Revd Laura Jorgensen The notes on pages 9 to 17 forni an Integral part of these flnanclal statements. Page 8

St Botolph without Aldgate Notes to financial statements for the year ended 31 December 2022 AGcounting policies The principal accounting policies are summarised below. 1.1. Basls of accountlng The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities pfeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 10218nd the Charities Act 2011. St Botolph without Aldgale Parochial Church Council (the PCCI constitutes a public benefit entity as defined by FRS 102. The Iruslees consider that there are no material uncertainties about the PCC'S ability to continue as a going concern. 1.2. Fund accounting The Unrestricted Funds Ilhe General Fund and the Designated Special projects Fund) represent the funds of the PCC that are not subject lo any restrictions regarding their use and are available for application lo the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unreslricled bul accounted for as a separate fund. Th@ R8slricl8d Funds compris8 amounts rec8lV8d from donors wh8r8 thair application is for a sp8cific purpose. 1.3. Income recognltlon Incoming resources from donors are recognised when received. Planned giving is recognised only when received. Income lax recoverable on gift aid donations is r8cognised when the claim has been agreed by H M Revenue & Customs. Grants are recognised when received from the grantor. Income from the use of church premises is recognised when agreed and paid by the ctcupier. A voluntary church rate is levied on certain property in the parigh and the income is recognised when received. Income from investments is received when due and receivable. 1.4. Expenditure All resources expended are recognised when paid and significant items of expenditure due bul not paid are accrued at the balance sheet date. Page g

St Botolph wlthout Aldgate Notes to financial statements for the year cndcd 31 December 2022 1.5. Tangible fixed assets Consecrated land and buildings and movable church furnishings Consecrated and beneficed propety is excluded from the accounts by s.1012lla} of the Charities Act 2011. Moveable church furnishings are accounted as inalienable propety and stated at nil amount. All expenditure incurred on such property is Irealed as resources expended and so wrillen off. Equipment used within the church premises is written off when acquired, unless of a maler181 amount in which case it IS C8pil81ised in fixed assets and depreciated over ils useful life. Piano The piano is being depreciated over 30 years which represents its expected useful economic life. 1.6. Investments Investments are valued at market value al 31 December. Gains and losses on investments arise on the sale of investments and from revaluing investments lo market value al the end of the year. 1.7. Current assels Minor stocks of unsold books are not recognised as an asset. Amounts receivable bul not paid al the balance sheet dale are included in current assets as debtors less any provision applicable. Voluntary InGome Unrestricted Restricted funds funds 2022 Total 2021 Total Plannetj glvlng Income lax recoverable on planned giving Collections al services Donations, appeals, etc. Bequest Gran15 receivable Grants re￿IV8b1e- SMF- Curate 11,491 3,051 3,007 4,998 11.491 3,051 3.007 4,998 14.845 3.457 1.017 6,824 500 22,446 8,388 3,182 2,641 11,030 59,860 14,212 62,501 28,370 70,890 99,260 57,477 Grants receivable during the year were City Burial Fund £3,1821£2,9201. Aldgale Freedom Foundation £11,0301£11.0901, Job Retenbon Sceme £0 { £6,557} Culture Recovery £O1£1,33018nd Samuel Butler £01£5491 Page 10

St Botolph wlthout Aldgate Notes to financial statements for the year cndcd 31 December 2022 Activities for generating funds Unrestricted funds 2022 Total 2021 Total Bookstall. art exhibib'ons and sundry Aldgate Rooms and Church hire Candle box 2,056 8,848 372 2,056 8,848 372 2.062 97 11,276 11.276 2.159 Investment income Unrestricted funds 2022 Total 2021 Total Investment income and bank interest receivable 2,578 2,578 2.039 2,578 2,578 2,039 ChurGh aGtivilies Unrestricted funds 2022 Total 2021 Total CliuiGII oiiid fi1Gility leeb 326 326 227 326 326 227 other income Unrestricted Re$tri¢ted funds funds 2022 Total 2021 Total Parish rate Car park rental Special Projects - Grant- Trust for London Afghan refugees inwme 9,965 8,400 9.965 8.400 1.205.000 1.205.000 6.632 8.400 250.000 5,021 18,365 1,205,000 1.223.365 270.053 Page 11

St Botolph wlthout Aldgate Notes to financial statements for the year cndcd 31 December 2022 Charitsble activities (restated) 2021 Total Unrestricted Restricted funds funds 2022 Total Afghan school uniforms Ministry.. Common fund and other contributions Clergy expenses Curates Housing costs Church running expenses Church repair and maintenance Worship supplies Salaries, fees and expenses Flowers Refreshments Office expenses including stationery Bank charges Other expenses Aldgate Rooms Project- c(rsls expended Legal fees Accountancy and reporting fees Depreciation & impairment 5.021 10.000 455 23,476 3.743 9,013 547 34.358 1,095 35 33,046 1,130 33,046 11,605 5,558 878 39,228 65 24 11,375 81 546 969,344 969.344 4,494 2,400 1,189 11,605 4.668 878 39,228 65 24 7,760 81 546 890 377 10,854 124 315 553.069 3,615 4,494 2,400 1,189 1.200 1,189 74,033 1,006,930 1,080,963 653,741 Governance costs Unrestricted funds 2022 Total 2021 Total Professional - Auditor remuneration 4,560 4.560 4,560 4,560 Page 12

St Botolph without Aldgate Notes to financial statements for the year ended 31 December 2022 Staff costs Employment costs 2022 2021 Gross salaries Including national insurance Organ expenses and stipend 38,388 18,444 437 39,228 18.881 Shown as: Salaries, fees and eX￿nSeS (Note 71 39,228 34,358 39,228 34,358 Page 13

St Botolph without Aldgate Notes to financial statements for the year ended 31 December 2022 10. Prior year adjustments Fixed assets and depreciation: The depreci81ion 8t the rale of 3.33330/ts had been retrospectively applied lo the costs of the piano from 2018 when the piano was purchased. The comparative figures were restated to reflect this. Thg reststed fixed assets entries in respect of the year 2021 are as follows- 2021 Tangible fixed assets At 31 December 2021 35,680 Depreclatlon At 1 January 2021 Charge for the year 3,568 1,189 At 31 December 2021 4,757 Net book value At 31 December 2021 30.923 The Aldgate Rooms Project funds 2021.. The Aldgale R(x)ms Project income of £210,651 and expenses of £19,614 had been reclassified as restricted funds and a 50L retention w83 included in credrtors in 2021, resulting in an adju3ted Closing balance of £191,037. The Aldgate Freedom Foundation (The AFF) funds 2021: The AFF opening balance of £2,144, income of £11,090 and expenses of £4,085 had been reGlas3ified a3 re￿t￿Gted funds, re3ultln9 in an adjusled GIo8in9 balance of £9,149. The Curate's fund 2021: The Curate's income of £8,388, expenses of £23,476 and a transfer into restricted funds of £15,088 had been reclassified as reslricled funds, resulting in adjustment lo the closing balance. 2021 Restated unrestricted funds Unreslricled funds per last yearfs accounts Less Aldgale Rooms Project funds transferred into restricted funds 382,975 {210,6511 Less balance of the AFF funds transferred into restricted funds Less accumulated depreciation on the piano (9,1491 (4,7571 Balance of unrestricted funds to carry forward into 2022 158.418 Page 14

St Botolph without Aldgate Notes to financial statements for the year ended 31 December 2022 2021 Restated restricted funds Restri¢led funds per18St yearfs accounts Add Aldgale Rooms Project funds transferred from unrestricted funds Less Project retention Add the AFF funds transferred from unrestricted funds 259,519 210,651 119,6141 9,149 Balance of reslricled funds to carry forward into 2022 459.705 11. Tangible fixed assets (restated) Total Piano Cost At 1 January2022 and At 31 December 2022 35,680 35,680 Deprecialion At 1 January 2022 Charge for the year 4,757 1.189 4,757 1,189 At 31 December 2022 5,946 5,946 Net book values At 31 December 2022 29,734 29.734 At 31 December 2021 30.923 30.923 12. Fixed asset investments Investments Total Valuation At 1 January 2022 Revaluations 259,519 259,519 125,4161 125,4161 At 31 December 2022 234,103 234.103 Page 15

St Botolph without Aldgate Notes to financial statements for the year ended 31 December 2022 13. Debtors 2022 2021 Sundry debtors 22,228 14. Creditors: amounts falling due within one year (restated) 2021 2022 Sundry creditors AccrLJals and deferred income 56,200 6,960 19,614 1,200 63,160 20,814 15. Funds Restricted funds Endowmeni 8urial Ground Trust Funding for the maintenance of the Church. J Porter Fund Money donated for Ihe Crypt. J Cook Scripture Reader Fund Money originally established to pay for a curate and now meets honorari8 for clergy. Curate's fund Money sel aside to pay for housing costs. The Aldgate Freedom fund IAFFI Money sel aside to pay for fabric, musi¢ project and re¢lor's discretionary expenses. Aldgate Rooms Project fund The income through grants received and expenditure on construction costs, professional fees, consultancy and salaries relating lo the redevelopment of the Church Hall and Offices IThe Aldgale Rooms}. Page 16

St Botolph wlthout Aldgate Notes to financial statements for the year cndcd 31 December 2022 (restated) At 01101122 Incoming Outgoing resources resources Transfers 16. Unrestricted funds 31112122 General fund 158,418 60,915 {78,593} 15,088 155,828 (restated) 17. Restricted funds At 31112122 01101122 Incoming Outgoing Gainsl resources resources Transfers Ilossesl Endowment Burial Ground Trust J Porter Fund J Cook Scripture Reader Fund Aldgale Rooms Project Fund Curate's fund The Aldgale Freedom fund {AFFI 78,447 143.930 37,142 191,037 1,205.000 59,860 11,030 19,1221 112,9521 13,3421 69,325 130,978 33.800 426.693 11.726 15,639 1969,3441 133,0461 {15,0881 14,5401 9.149 459,705 1,275,890 11,006,930) {15,0881 125,4161 688,161 18. Analysis of net assets belween funds UniEslrlGt¥d ReslrlEleEI funds fund$ Total funds Fund balances al 31 Dec8mb8r 2022 as represented by.. Tangible fixed assets Investinenl assels Current assets Current and long term liabilities 29,734 29,734 234,103 643,312 163,1601 234,103 454,058 189,254 163,1601 155,828 688,161 843,989 Page 17