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