2020-12-31-accounts

Members ofthe PCC
Vicar	Re v. Mat t Hegg
Church Wardens	Andrew McArdle,	Hazel Mann
PCC Secretary	Sophia Dedemadis	(non-voting)
Treasurer:	Jacob Dawes
Elected Members:	Jacob Davies
	Hazel Mann
	Kate Hogg
	Natalie Davies
	Maya Laurent
	Eleanor Norns
	Ayolola Eni-Olotu
	Andrew McArdle
	Bethany Sikes
	Ashleigh Pearson
	Rob Pilcher
Deanery Synod Rep:	Isabelle McFadden

The Missions	Fund	is a set amount	is a set amount	which individuals can apply for at the end	of each quarter.	of each quarter.	of each quarter.	of each quarter.	Applications	Applications	are
considered and awarded by an appointed group which includes the Vicar and representatives									from the		PCC.
Members ofStAlban's			Fulham congregation that participate in local, national,		or international				mission work		are
strongly encouraged		to apply. The Clergy Discretionary Fund gives grants or uses funds					at	any	time throughout
the year at the Vicar's			discretion,	up to the budgeted amount.
Those persons	who	served as members ofthe PCC during the period or were			appointed		or resigned			since were
as follows:
Chair:				Rev. Matt Hogg
Church Wardens:				Andrew McArdle (appointed 18th October	2020)
				Hazel Mann (appointed 18th October 2020)
PCC Secretary:				Sophia Dedemadis (non-voting; appointed	18th	November			2019)
Treasurer:				Jacob Davies (appointed December 2018;re-appointed				14'"April		2019)
Elected Members:				Jacob Davies (appointed April 2019)
				Kate Hogg (appointed April 2016; re-appointed		14th	April 2019)
				Natalie Davies (appointed 2nd April 2017)
				Eleanor Norris (appointed 2nd April 2017)
				Andrew McArdle (appointed 2nd April 2017)
				Ashleigh Pearson (appointed 22nd April 2018)
				Bethany Sikes (appointed 14th April 2019)
				Rob Pilcher (appointed 14th April 2019)
				Maya Laurent (appointed 14th April 2019)
				Hazel Mann (appointed 14th April 2019)
				Ayolola Eni-Olotu (appointed 18th October	2020)
Deanery Synod Rep:				Isabelle McFadden (appointed 22nd April 2018)

										2019
						General	Designated	Restricted	Total	Total
						Funds	Funds	Funds	Funds	Funds
				Notes		E	E	f	f	E
Income and endowments			from:
Voluntary Income				2.1		133,516		71,662	205,178	197,372
Activities for generating		funds		2.2		35,395			35395	76,487
Income from investments				2.3		78			78	160
Church activities				2.4		1,357			1,357	4,103
Other income				2.5		4,681			4,681
Total Income						175,027		71,662	246,689	278,122
Expenditure on:
Church activities				3.1		183,962	3,214	39,056	226,232	224,488
Raising funds				3.2		16,469		2,634	19,103	22,409
Total expenditure						200,431	3,214	41,690	245,335	246,897
Net income / (expenditure)			for the year
and net movement	in funds			5		(25,404)	(3,214)	29,972	1,354	31,225
Transfer between	funds
Total funds brought	forward					81,528	23,598	34,967	140,093	108,868
Total funds carried	forward				6	56,124 E	20,384 E	64,939 6	141,447 E	140,093

			2020		2019
		Notes
FIXEDASSETS
Tangible fixed assets				4,038		5,622
CURRENT ASSETS
Debtors		8	19,506		21,277
Cash at bank and in hand			128,477		127,335
TOTAL CURRENT ASSETS			147,983		148,612
CREDITORS: Amounts	falling
due within one year		9	(10,574)		(14,141)
NET CURRENT ASSETS				137,409		134,471
TOTAL NET ASSETS			f	141,447	6	140,093
REPRESENTED BY:
General Funds				56,124		81,528
Designated Funds		12		20,384		23,598
Restricted Funds		13		64,939		34,967
			6	141,447	6	140,093

2.	INCOME AND E	NDOWM	ENTS
					General	Designated		Restricted		Total		Total
					Funds	Funds		Funds		2020		2019
2.1	Voluntary Income
	Congregational	planned	giving		97,254					97,254		83,942
	Tax recoverable				21,412					21,412		19,096
	One-off giving				11,222			1,139		12,361		19,755
	Sunday offerings				1,228					1,228		3,808
	Grants				2,400			70,523		72,923		70,771
				E	133,516 E		E	71,662	E	205,178	E	197,372
2.2	Activities for Generating		Funds
	I etting of church	facilities			35,395					35,395		76,487
				f	35,395 E				E	35,395	f	76,487
2.3	Income from Investments:
	UK Bank interest				78					78		160
				f	78 E				E	78	f	160
2.4	Income from Church activities
	Community work				553					553		2,839
	Alpha				26					26		69
	Sundry income											829
	Wedding and funeral fees				778					778		366
				f	1,357 E				f	1,357	E	4,103
2.4	Other Income
	Furlough income				4,681					4,681
				f	4,681 E				E	4,681		Nil

3.	EXPENDITURE				General	Designated	Designated		Restricted		Tata I		Tote I
					Funds		Funds		Funds		2020		2019
3.1	Church activities
	Giving (note 14)				38,613				868		39,481		37,314
	Diocesan parish share				39,900						39,900		39,100
	Human resources				69,914		3,214		31,602		104,730		96,048
	Campus costs:
	Campus costs —Church				16,109				4,282		20,391		19,800
	Campus costs —Vicarage				2,183						2,183		2,095
	Office costs				7,384						7,391		5,851
	Services				884						884		2,052
	Worship				1,059						1,059		1,343
	Prayer and prayer	ministry
	CG's												102
	Local community	mission costs											243
	Men's and women's		ministry										116
	Children's work				10				13		23		556
	Youth work				142				2,284		2,426		8,250
	Students				521						521		2,165
	Course costs				301						301		1,070
	Church life				78						78		1,725
	Media and PR				707						707		951
	Depreciation ofchurch equipment				1,584						1,584		1,991
	PCC Meeting and	governance		costs	73						73		56
	Independent examiner fee				4,500						4,500		3,660
					183,962	F	3,214	6	39,056	6	226,232	E	224,488
3.2	Raising funds
	Campus costs —Hub				16,469			6	2,634	E	19,103	E	22,409

4.	STAFF	COSTS				2020		2019
						f		E
	Salaries (see note below)					90,443		80,766
	Social	security costs				4,247		3,747
	Pension costs					2,021		1438
						96,711		85,951
	Other	HR costs (training,	recruitment,	clergy expenses etc.)		8,019		10,097
					E	104,730	E	96,048

NET (OUTGOIN	G)/ INCO	MING RESOURCES
						2020		2019
						f		E
Net incoming/	(outgoing)	resources are stated after charging:
Independent examiner's		fee				4,500		3,660
Depreciation						1,584		1,991
TANGIBLE FIXED ASSETS
				Office		Computer
			fixtures, fittings			gr musical
				8 equipment		equipment		Tota I
Cost				E		f		f
Opening balance 1January 2020				37,826		25,377		63,203
Additions in year
Closing balance	31December 2020		E	37,826	E	25,377	6	63,203
Depreciation
Opening balance 1January 2020				32,941		24,640		57,581
Charge for year				1,221		363		1,584
Closing balance	31December 2020		E	34,162	E	25,003	E	59,165
Net Book Value
At 31December	2020		E	3,664	E	374	6	4,038
At 31December	2019		E	4,885	E	737	6	5,622

7	FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS								2020		2019
	Debt instruments measured		at	amortised	costs					18,570		17,661
7.1	FINANCIAL INSTRUMENTS									2020		2019
	Carrying amount offinancial		liabilities
	Measured at amortised	costs								8,445		12,484
8.	DEBTORS									2020		2019
	Taxation recoverable									16,057		15,136
	Prepayments 8sundry debtors									3,449		6,141
									E	19,506	6	21,277
9.	CREDITORS: AMOUNTS	FALLING
	DUE WITHIN ONE YEAR									2020		2019
	Sundry creditors and accruals									10,574		14,141
									E	10,574	E	14,141
10.	ANALYSIS OF NET ASSETS BYFUND
				General			Designated	Restricted		Tota I
				Funds			Funds	Funds		2020		2019
					6		E	E		f		E
	Fixed assets				4,038					4,038		5,622
	Current assets				62,660		20,384	64,939		147,983		148,612
	Creditors			(10,574)						(10,574)		(14,141)
	Fund balance			E	56,124	6	20,384	64,939	E	141,447	6	140,093

13.RESTRICTED	FUNDS			Funds				Funds
				Brought	Received		Funds	Carried
				Forward	in year		Used	Forward
					E
Represented	by specific
contributions	towards:
Mission giving				588	1,089		868	809
Youth worker	salary			4,537	55,500		31,602	28,435
Student Ministry Ik Salary
Future church	planting			6,250				6,250
Building works				13,304	8,823		4,282	17,845
Youth and community		work		10,288	6,250		4,938	11,600
			E	34,967 E	71,662	6	41,690 E	64,939

During the year, the Restricted funds:	PCC m	ade the following ext	ernal and charitable	giving from	Gener	al and
				2020		2019
To UK organisations:
Mission Partners;
London Diocesan Common		Fund		35,886		34,177
Other
Focus Bursaries							400
Collection for specific	purposes			868		1	127
Mission Partners				2,500		1,515
Clergy Discretionary	Fund			227			95
Tota I			E	39,481	E	37,314

		2020		2019
Kate	Hogg			9,093
Maya	Laurent			1,790
			E	10,883