## Guild and Ward Church of St. Botolph-without-Aldersgate
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **LEGAL AND ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|ADDRESS FOR CORRESPONDENCE|ADDRESS FOR CORRESPONDENCE|St. Botolph's Church||
|---|---|---|---|
|||Aldersgate Street||
|||London||
|||EC1A 4EU||
|GOVERNING DOCUMENT||PCC Powers Measure 1956 and||
|||the Church Representation Rules 2011||
|CHARITY REGISTRATION NUMBER||1144366||
|TRUSTEES RESPONSIBLE FOR|_Ex_|_Officio members:_||
|MANAGING THE CHARITY||The Reverend Simon Dowdy|(until 10 July 2021)|
|||The Reverend Phillip Martin|(from 10 July 2021)|
|||Mark Crossley|(Church Warden)|
|||David Durlacher|(Church Warden)|
||_Elected members_|||
|||Louise Biller (resigned January 2022)|(Secretary)|
|||Mark Crossley||
|||Charles de Lacy||
|||David Durlacher||
|||Sharon Facey||
|||Hugh Gittins|(Deanery Synod rep.)|
|||Clare Jackson (resigned December 2021)||
|||Li Tjen Keep [_previous name Sim_]||
|||Andrew Lewis||
|||Victoria Rolfe|(Treasurer)|
|||Kwai San Wong||
|||Brian Wong (appointed December 2021)||
|||Tamara Chabe (co-opted from 10 March 2022)||
|BANKERS||National Westminster Bank||
|INDEPENDENT EXAMINER||Jaimée Young||
|||Stewardship||
|||1 Lamb's Passage||
|||LONDON||
|||EC1Y 8AB||
|||**INDEX**||
|Page 1|Legal and Administrative Details|||
|Pages 2-5|Trustees' Report|||
|Page 6|Independent Examiner's Report|||
|Page 7|Receipts and Payments Account|||
|Page 8|Statement of Assets & Liabilities|||
|Pages 9-10|Notes to the Accounts|||
Page 1
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2021.
## **Objects of the charity**
The Trust seeks to demonstrate the Christian faith in the London area.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
The overall aim of St B���l�h�� Aldersgate is to make disciples of Jesus Christ in the City. The primary way in which we do this is through Aldersgate Talks and Moorgate Talks.
The main focus is the weekly lunchtime bible talk at Aldersgate on a Tuesday and Moorgate on a Wednesday. In addition at each location there are weekly and monthly prayer meetings, weekly and fortnightly bible study groups, one to one meetings with individuals and Christianity Explored courses for those investigating the Christian faith. There are close links with a number of the workplace Christian groups in the surrounding offices which we seek to serve and support. We also have links with Grace City Church Tokyo and seek to encourage them in similar ministry. This ministry has continued throughout 2021 with talks and bible study groups taking place both in person and over zoom.
Simon Dowdy who had been the Guild Vicar of St B���l�h�� since 2002 continued in his part time role until the summer when he stepped down in order to fully focus on his work at Grace Church Dulwich. Phil Martin who joined the team in July 2018 as curate has led the ministry during the inter-regnum. He splits his time equally between the Aldersgate Talks and Moorgate Talks. Clare Jackson who has been the ��me��� worker since 2013 returned from furlough in September with the resumption of face to face activities and likewise split her time between the two ministries. However at the end of the year Clare stepped down from this role and we are in the process of appointing a new ��me��� worker. Brian Wong joined the staff team in September this year as an associate, working part time. Alan Bright serves as financial administrator on a part-time basis.
The quinquennial inspection took place during 2018, with a report issued on 28 March 2018. We remain grateful for the good state of repair of the building. Over the past year we have continued with the maintenance of the building. We anticipate committing to further work in relation to the building over the course of 2022 and 2023.
The work of St B���l�h�� is entirely funded by those involved in the talks and we are grateful for the generous giving of many to this important ministry in the heart of the City. St B���l�h�� does not have its own services on a Sunday but instead is used by London City Presbyterian Church (LCPC). We are grateful to The Friends of City Churches for church sitting so that visitors can enjoy the building. Various orchestras regularly use the building in the evenings and we were pleased to see many of these groups return over the course of 2021.
Page 2
St B���l�h��, Aldersgate Talks and Moorgate Talks are covered by the Safeguarding Policies of St B���l�h�� Church, which is part of the Church of England. We are committed to safeguarding children, young people, victims/ perpetrators of domestic abuse and vulnerable adults. The Guild Church Council has adopted the Church of E�gla�d�� policies and best tactics on safeguarding, which may be f���d �� �he Ch��ch �f E�gla�d�� �eb�i�e:
https://www.churchofengland.org/more/safeguarding
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
During the year income decreased by £69,500, to £169,600, and expenditure increased by £7,700, to £203,100. The cash held by the charity decreased by £33,500, to £74,500, of which £6,400 is held in an endowment fund and £68,100 is unrestricted and can be used for any charitable purpose.
Grants received from the Aldersgate and Moorgate Talks Trust were £76,000 a decrease of £60,000. This was due to the grants received in the previous year being sufficient to cover our anticipated needs over 2021, hence a lower level of grants being requested.
Turning to expenditure, the accounts show reduced expenditure on Church management and administration as well as overall staff costs over the course of the year. Primarily this is due to reduced staff expenses and reduced venue costs (as the Moorgate venue was only hired for a small part of the year due to the Covid-19 pandemic). In addition, one of our staff members, Clare Jackson, was placed on furlough due to reduced need while we are unable to meet in person.
We are very grateful to Alan Bright, who handles much of the day to day administration of the finances, and to Stewardship, for their assistance in reviewing and finalising these financial statements and reports.
## **Reserves policy**
The GCC has determined that the charity should aim to hold unrestricted cash of no less than four months of net unrestricted expenditure (netted against staff cost contributions) which equates to approximately £60,000 net unrestricted expenditure. At the year end, the charity held unrestricted cash of £68,100 so the unrestricted funds of the church are above the Reserve Policy requirement.
## **Governance**
The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules 2011. The appointment of GCC members is governed by, and set out in, the Church Representation Rules. The GCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The GCC organises elections annually to fill vacancies. The members of the GCC are the charity's trustees for the purposes of charity law. Responsibility for setting policy and for making operating decisions rests with the GCC which meets regularly to monitor the activities of the charity.
Page 3
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
__________________________ _____________________________
P. Martin V. Rolfe
0 1 / 0 4 / 2 0 2 2 Date:_____________________
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
I report to the trustees on my examination of the accounts of the GCC ('the charity') for the year ended 31 December 2021 on pages 6 to 9 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with �he �e��i�eme��� �f �he Cha�i�ie� Ac� 2011 (��he 2011 Ac��).
I report in respect of my examination of the cha�i���� accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Inde�enden� e�amine��� ��a�emen�**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 03 May 2022
Page 5
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Notes
**_Income receipts_**
Donations
Gift aid receipts
Government grants
Other grants
2a
Church activities
2b
Investment income
**_Total receipts_**
**_Payments_**
3
**_Total payments_**
Transfers between funds
5
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net
of
receipts
/
(payments)
before
transfers
Payments in relation to charitable activities
undertaken directly||Unrestricted Funds|Moorgate
Talks Fund
£
3,810
660
10,685
44,000
75
-
59,230
60,685
60,685
(1,455)
1,455
-
-
-|Restricted
Funds
£
54
-
-
-
-
-
54
54
54
-
-
-
-
-|Endowment
Fund
£
-
-
-
-
-
-
-
-
-
-
-
-
6,407
6,407|Total
2021
£
7,645
1,146
21,321
78,650
60,842
-
169,604
203,140
203,140
(33,537)
-
(33,537)
108,087
74,551|Total
2020
£|
|---|---|---|---|---|---|---|---|
||General
Funds
£
1,241
-
-
2,650
60,677
-
64,568
58,397
58,397
6,170
(39,707)
(33,537)
101,680
68,144|Aldersgate
Talks Fund
£
2,540
486
10,636
32,000
90
-
45,752
84,004
84,004
(38,252)
38,252
-
-
-||||||
||||||||8,887
1,948
17,406
138,900
71,982
28|
||||||||239,150|
||||||||195,409|
||||||||195,409|
||||||||43,741
-|
||||||||43,741
64,347|
||||||||108,087|
The notes on pages 8 - 9 form part of these accounts.
Page 6
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**A Cash funds**
Cash at bank with immediate access
Notice deposits
Prepaid cards
**B**
**Other monetary assets**
Gift aid due to charity
**C**
**Liabilities**
**Falling due within one year:**
Pension owed
Fee for Independent Examination
Accrued expenses|U|nrestrictedFunds|Moorgate
Talks Fund
£
-
-
-
**-**
-
**-**
-
-
-
**-**
|Restricted
funds
£
-
-
-
**-**
-
**-**
-
-
-
**-**|Endowment
Fund
£
6,407
-
-
**6,407**
-
**-**
-
-
-
**-**|Total
2021
£
67,170
6,537
844
**74,551**
285
**285**
215
1,140
1,681
**4,717**|Total
2020
£|
|---|---|---|---|---|---|---|---|
||General
Funds
£
60,763
6,537
844
**68,144**
285
**285**
215
1,140
1,681
**4,717**|Aldersgate
Talks Fund
£
-
-
-
**-**
-
**-**
-
-
-
**-**||||||
||||||||101,551
6,537
-|
||||||||**108,087**|
||||||||284|
||||||||**284**|
||||||||-
1,500
1,213|
||||||||**2,713**|
## **D Assets retained for charity's own use**
Consecrated property, beneficed property and moveable church furnishings which require a special faculty for disposal are excluded from the list of charity assets.
**----- Start of picture text -----**
The accounts were approved by the trustees and signed on their behalf
by date
-------------------------------------------- -------------------------------------------- ----------------01/04/2022
P. Martin V. Rolfe
**----- End of picture text -----**
The notes on pages 8 - 9 form part of these accounts.
Page 7
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the GCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the GCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
|General
fund
£
**2**
**a) Grants received**
Aldersgate and Moorgate Talks Trust
-
Trust For London
150
City Burial Ground Fund
2,500
2,650
**b) Church activities**
Regular rental and hire income
39,978
Sundry Receipts
915
Staff cost contributions from Grace Church Dulwich
19,784
60,677
**3**
**Payments in relation to charitable activities undertaken directly**
**a)**
**Church Ministry costs**
Costs of employed and seconded staff
-
Other staff and ministry costs
494
Venue Hire
-
Catering
3
Gas, electricity, water & communications
5,706
Gift and grant payments
-
6,203
**b)**
**Church management and administration**
Diocesan Common Fund
29,500
Clergy costs before re-imbursement (see note 4)
3,170
Equipment purchases; repairs and maintenance
18,231
Governance costs, professional fees, bank charges
486
Administration and support
808
52,195
58,397
U|U|nrestrictedFunds|Moorgate
Talks Fund
£
44,000
-
-
44,000
-
75
-
75
23,868
1,976
2,561
-
807
-
29,212
-
29,601
190
685
998
31,473
60,685
|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
54
54
-
-
-
-
-
-
54|Endowment
Fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total
2021
£
76,000
150
2,500
78,650
39,978
1,080
19,784
60,842
47,967
4,547
2,561
585
7,535
104
63,299
29,500
86,814
18,699
2,041
2,788
139,841
203,140|Total
2020
£|
|---|---|---|---|---|---|---|---|
|||Aldersgate
Talks Fund
£
32,000
-
-
32,000
-
90
-
90
24,099
2,077
-
582
1,023
50
27,831
-
54,043
278
871
982
56,173
84,004||||||
||||||||136,000
150
2,750|
||||||||138,900|
||||||||37,402
665
33,915|
||||||||71,982|
||||||||43,109
2,566
1,800
784
8,280
337|
||||||||56,876|
||||||||26,700
98,806
7,870
1,735
3,422|
||||||||138,533|
||||||||195,409|
Page 8
## **GUILD AND WARD CHURCH OF ST. BOTOLPH-WITHOUT-ALDERSGATE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **4 Transactions with related parties**
The GCC retains the services of a Vicar (Simon Dowdy, a trustee), a curate (Phillip Martin, a trustee), a part time administrator, and a lay W�me��� worker. The GCC is primarily �e�����ible f�� �hei� �em��e�a�i��, ��bjec� �� �he �igh� �� �ecei�e a fi�a�cial c����ib��i�� f��m G�ace Ch��ch D�l�ich e��al �� 85% �f �he c��� �f Sim�� D��d��� em�l��me��.
Simon Dowdy, a trustee to July 2021, and Phil Martin were provided with accommodation (which is customary for clergy) and the cost of this accommodation is disclosed in the above note (Sim���� cost represents a 15% reimbursement of the cost to Grace Church Dulwich). Simon Dowdy and Phil Martin incurred expenses whilst serving as clergy and these costs are also disclosed in the above note.
Clare Jackson, a trustee to December 2021, received a salary of £34,979 [2020: £32,939] during the year in her capacity as the Women's worker.
|**5**
**Movement of funds**
Unrestricted funds
General Fund
Aldersgate Talks Fund
Moorgate Talks Fund
Restricted funds
Carol service
Endowment funds
Licence Fees (Capital) Fund
Total funds|Balance at
31Dec2020
£
101,680
-
-
101,680
-
-
6,407
6,407
108,087|Receipts
£
64,568
45,752
59,230
169,550
54
54
-
-
169,604|Payments
£
(58,397)
(84,004)
(60,685)
(203,087)
(54)
(54)
-
-
(203,140)|Transfers
£
(39,707)
38,252
1,455
-
-
-
-
-
-|Balance at
31Dec2021
£
68,144
-
-|
|---|---|---|---|---|---|
||||||68,144|
||||||-|
||||||-|
||||||6,407|
||||||6,407|
|||||||
||||||74,551|
The Moorgate Talks fund and the Aldersgate Talks fund represents the income and expenditure relating to the operation of the 'Moorgate Talks' and 'The Aldersgate Talks' respectively. These are talks are designed to help people working in the Moorgate and Aldersgate areas to hear the message of Jesus Christ. The transfer from the endowment funds relates to reimbursement of funds paid from the general account in a previous year.
Page 9