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2021-12-31-accounts

Page
Index to the Financial Statements
Charity Information
Trustees'
Report		 4-7
Statement ofTrustees' Responsibilities
Independent
Examiner's		 Report
Statement ofFinancial Activities 10
Statement of Financial Position
Statement ofCash Flows 12
Accounting
Policies		 13-13
Notes to the Accounts 14-20

for the
ea		 r ended 31 Decem ber 2021 ber 2021
Status: The Parochial
Church		 Council (PCC) is a corporate body established by the Church of
England.
Itis constituted		 and governed by the Parochial Church Councils (Powers) Measure
1956(as amended) and the Church Representation Rules (2011).The members ofthe PCC
are its trustees
under		 charity law and are referred to as such throughout this report.
Charity name: Parish ofSt Matthew with St James the Great, Bethnal Green
Charity registration number: 1148272
Registered office: St Mathew's
Row
London
E26DT
Operations address: StMathew's
Rectory
Hereford Street
London
E26EX
Chair: The Rev'd Erin M Clark
Independent Examiner: Anthony
Armstrong		 FCA
Armstrong
&Co
Chartered
Accountants		 & Statutory Auditor
4a Printing
House Yard
Hackney Road
London
E27PR
Bankers: HSBC pic
465 Bethnal Green Road
London
E29QW
CCLA Investment Nlanagement
Ltd
The CBFChurch ofEngland Funds
80Cheapside
London
EC2V 6DZ

for the
ear ended		 31 D ecember 2021
2021 2020
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds
Notes 6 E 6 f 6
Income and endowments from:
Donations
and legacies		 14,065 24,747 38,812 21,386
Charitable
activities		 1,267 26,485 27,752 20,014
Other trading
activities		 795 795
Investments 111,640 111,641 106,491
Endowment
income		 5,104 5,104 5,640
Total income 127,767 51,233 5,104 184,104 153,531
Expenditure
on:
Raising funds 8 6,815 6,815 4,159
Charitable
activities		 9 101,143 61,557 162,700 128,379
Endowment
expenditure		 10 2,065 2,065 2,525
Total expenditure 107,958 61,557 2,065 171,580 135,063
Net gains/(losses)
on investments		 13 24,172 24,172 10,491
Net income/(expenditure)
funds		 and movement in 19,809 (10,324) 27,211 36,696 28,959
Reconciliation
offunds:
Total funds brought forward 17 2,021,525 32,343 350,900 2,404,768 2,375,809
Total funds carried torward 17 2,041,334 22,019 378,111 2,441,464 2,404,768

31 December 2021 31 December 2020
Notes f 8 8 f
Fixed assets:
Tangible assets 12 1,940,198 1,940,633
Investments 13 329,739 305,567
Total fixed assets 2,269,937 2,246,200
Current assets:
Debtors 14 8,157 11,800
Cash at bank and In hand 15 189,793 170,686
Total current assets 197,950 182,486
Creditors: amounts raging due within one year 16 26,423 23,918
Net current assets 171,527 158,568
Total net assets 2,441,464 2,404,768
The funds ofthe charity:
Endowment
funds		 378,111 350,900
Restricted funds 21 22,019 32,343
Unrestricted
funds		 17 2,041,334 2,021,525
Total charity funds 17 2,441,464 2.404.768
Approved
by the PCC on 3April 2022 and signed on their behalf by:
The Rev'd Erin M Clark Benedict Jones-Williams
Irustm

Notes 2021 2020f
Cash flows from operating
activities:
Net cash used
in operating
activities		 (92,534) (87,874)
Cash flows from investing
activities:
Dividends,
interest and rents from investments		 111,641 106,491
Net cash provided
by investing
activities		 111,
1		 106,491
Change
in cash and cash equivalents
in the		 reporting period 19,107 18,617
Cash and cash equivalents
at the beginning		 ofthe reporting period 170,686 152,069
Cash and cash equivalents
at the end ofthe		 reporting period 189,793 170,686
Notes to Cash Flow Statement 2021 2020
1 Reconciliation ofnet income/(expenditure) to net cash flow from
operating
activities
Net income/(expenditure)
for the reporting		 period (as per the statement offinancial
activities) 36,696 28,959
Adlustments
for:
Depreciation
charges		 435 436
(Gains)/losses
on revaluation
of investments		 (24,172) (10,491)
Dividends,
interest and rents from investments		 (111,641) (106,491)
(Increase)/decrease
in debtors		 3,643 (373)
Increase/(decrease)
in creditors		 2,505 82
Net cash provided
by (used in) operating		 activities (92,534) (87,874)
2021 2020
6 8
2 Analysis ofcash and cash equivalents
Cash in hand 189,793 170,686
Total cash and cash equivalents 189,793 170,686

2 Net incoming resources 2021 2020
Nef incoming resources are stated after charging: E E
Independent Examiners fees - Independent Examination services 1,200 1,200
Depreciation - owned assets 435 436

2021 2020
3 Donations
and legacies		 Unrestricted Restricted Total Total
E E E E
Personal donations 4,315 30 4,345 3,798
Reclaimed
gifi		 aid 496 496 440
planned
giving		 2,235 2,235 2,241
Grants &reimbursements 5,906 24,717 30.623 11,692
Collections 1,113 1,113 1,215
Legacies 2,000
14,065 24,747 38,812 21,386
2021 2020
4 Charitable
activities		 Unrestricted Restricted Total Total
E 6 E
Fees for occasional services 1,267 1,267 913
Church events 26,485 26,485 19,101
1,267 26,485 27,752 20,014
2021 2020
8 Other trading activities Unrestricted Restricted Total Total
E E E E
Parish fundraising 795 795
795 795
2021 2020
s Investments Unrestricted Restricted Total Total
E E E E
Rental income 111,615 111,615 106,285
Bank interest received 25 1 26 206
1.11,640 1 111,641 106,491
2021 2020
7 Endowment income Total Total
E E
St Philip's
Hall: interest received		 9 58
National Schools; interest received 19 110
Institute: interest received 113 635
StJames Church Expenses: dividends received 1,933 1,866
St Philip's
Hall: dividends		 received 3,030 2,971
5,104 5,640

for the
ear ended		 31 De cember 2 021
2021 2020
9 Raising funds Unrestricted
6		 Restricted
6		 Total
8		 Total
f
Watch House costs 6,815 6,815 4,159
IIWT 4414I
2021 2020
9 Charitable
activities		 Unrestricted Restricted Total Total
8 6 8
Common
fund		 44,061 44,061 45,408
Home mission 2,382 39,072 41,454 9,468
Clergy expenses 151 151 280
Rectory costs 918 918 1,172
Church requisites 1,120 1,120 723
Equipment
costs - unrestricted		 17,677 17,677
Children
&Youth		 885 885 767
Insurance 3,988 1,329 5,317 10,028
Printing,
postage		 & stationery 2,913 2,913 3,388
Telephone costs 654 654 667
PR & marketing 567 567 696
Heat, light &water 2,299 766 3,065 2,624
Church
running costs		 1,101 387 1,488 1,628
Cleaning
exps		 2,342 781 3,123 2,963
ArchitecUSurveyor fees 660 660 21,710
Church repairs & maintenance 4,181 4,181 2,315
Parish hall costs 5,668 5,668 1,216
Education
&training		 6,069 6,069 6,119
Events &outings 1,932 1,932 450
Sundry expenses 1,000 1,000
Bank charges 3
Legal &professional fees 6,176 6,176 13,198
Depreciation 435 435 436
Independent
examination		 fees 1,200 1,200 1,200
Administration
fees		 11,986 11,986 1,920
101,143 I!1,557 1 2,7
2021 2020
1O Endowment
expenditure		 Total Total
5
National Schools: Church requisites 19 110
Institute: Church maintenance 113 549
StJames Church Expenses: Church running costs 1,933 1,866
11 Staffcosts 2021 2020
5 8
Staff salaries Nil Nil

Computer Land &
12 Tangible fixed assets equipment buildings Total
E E E
Cost
As at 1 January 2021 1,304 1,940,000 1,941,304
As at 31 December 2021 1,304 1,940,000 1,941,304
Depreciation
Asat1 January2021 671 671
Charge for the year 435 435
As at 31 December 2021 1,106 1,106
Net book value
As at 31 December 2021 198 1,940,000 1,940,198
As at 31 December 2020 633 1,940,000 1,940,633
Permanent Expendable
13 Investments Endowments Endowments Total
E E E
Market value
Asat1 January2021 191,395 114,172 305,567
Revaluations 24,172 24,172
As at 31 December 2021 215,567 114,172 329,739
Historical value at at 31 December 2021 94,462 114,172 208,634
Expendable Endowments -St i E114,172cash held in a CBFDeposit Fund, the income ofwhich is restricted to
James Institute ecclesiastical
purposes		 which have the approval ofthe incumbent.
Permanent Endowments- 3,252 CBFInvestment Fund Shares valued at E76,156at the year-end,
the income		 ofwhich
Church Expenses Fund is restricted to church expenses.
Permanent Endowments -St i 5,730.19COIF Income Units valued at E117,849at the year-end. The fund is restricted to
Philip's
Hall		 the improvement
ofthe premises.
Interest on this account is currently
accumulated		 in the St
Philip's
Hall restricted		 fund which is represented
by a CCLA CBF		 Deposit Fund. This account I
is to recoup capital spent on a central heating
system
in 1977.
Permanent Endowments -St E1,844 cash held in a CBF Deposit Fund. The fund is restricted to the improvement ofthe
Philip's
Hall		 premises.
Interest on this account is currently
accumulated
in the		 St Philip's Hall restricted
fund which is represented
by a CCLA CBFDeposit Fund. This account is to		 recoup capital
spent on a central heating
system
in 1977.
Permanent Endowments- E19,717cash held in a CBF Deposit Fund, the income ofwhich is restricted to religious and
National Schools charitable
work in the		 parish.
2021 2020
E E
7,751 7,950
406 3,850
8,157 11,800

18 Bank and cash in hand Bank and cash in hand 2021 2020
Bank current account 3,134 9,630
Bank deposit account 122,334 99,794
CCLA deposit account 26,731 26,717
CCLA rent deposit account 18,876 18,867
CCLA deposit account - St Phillip's Hall 18,718
1,7		 15,678
~15%!8
18 Creditors: amounts falling due within one year 2021 2020
E E
Rent deposit held 20,126 18,867
Accruals
Deferred income		 1,197
5,100
~4		 1,201
3,850
~5Wr
Opening Resources Resources Other Closing
17 The funds ofthe charity: current year balance
F		 arising utllised
E		 movementsf balance
E
Restricted
Funds
Endowment
funds		 350,900 5,104 (2,065) 24,172 378,111
Restricted income funds 32,343 51,233 (61,557) 22,019
Total reslncled funds 383,243 56,337 (63,622) 24,172 400,130
Unreslricled
funds
Designated
funds		 1,965,000 5,000 1,970,000
General funds 56,525 122,767 (107,958) 71,334
Total unreslricled funds 2,1121,525
~44.n5		 127,7((7
~4,		 (157,955)
~nr		 ~4.7 2,041,334
~44(,4
Opening Resources Resources Other Closing
18 The funds ofthe charity: prior year balancef arisingf utilised
E		 movements
E		 balance
E
Restricted Funds
Endowment
funds		 340,323 5,640 (2,525) 7,462 350,900
Restricted income funds
Total reslricled		 funds 14,568 20,671
26,311		 (7,027)
(9,552)		 4,131
11,593		 32,343
~33.243
Unrestricted
funds
Designated
funds		 1,960,000 5,000 1,965,000
General funds 60,918 122,220 (125,511) (1,102) 56,525
Total unreslricled funds 2,020,918 127,220 (125,511) (1,102) 2,021,525
~7759 ~15551 ~(1 5)ln) ll)141 224427
Opening Resources Resources Transfers
&		 Closing
19 Designated
funds:		 current year balance
f		 arising
E		 utilised
E		 adjustments
E		 balance
f
Fixed asset funds 1,940,000 1,940,000
Major works sinking fund 25,000 5,000 30,000
9 5)I 1,97(),555

Opening Resources Resources Transfers Transfers & Closing
2O Designated funds: prior year balance arising utllised adjustments balance
E E E E
Fixed asset funds 1,940,000 1,940,000
Major works sinking fund 20,000 5,000 25,000
1,960,000 5,000 1,965,000
Fixed asset funds This fund represents the amount of charity funds locked up in freehold land and buildings
and other fixed assets which are needed for operational
purposes. The funds are carried at
the net book value ofthe fixed assets at the balance sheet date, after deducting any
outstanding loans, endowment funds or restricted funds used to finance their acquisition.
Major works sinking fund The fund represents
' future.		 the amount ofcharity funds set aside for possible building works in
Opening Incoming Resources Transfers & Closing
21 Restricted funds: current year balance resources expended adjustments balance
E E F E
Bells 851 851
Food Bank 13,208 26,485 38,875 818
National
Lottery		 Grants for Heritage 21,600 21,600
St Philip's
Hall Fund		 15,677 1 15,678
Queen Adelaide Charity 1,489 750 147 2,092
Miss Vaughan's Spitalfields Charity 1,118 367 50 1,435
Choir Church 2,030 885 1,145
32,343 51,233 61,557 22,019
Opening Incoming Resources Transfers & Closing
22 Restricted funds: prior year balance nisoufces expended adjustments balance
E E E E F
Bells 851 851
Food Bank 19,101 6,996 1,102 13,208
St Philip's
Hall Fund		 12,641 8 3,029 15,677
Queen Adelaide Charity 320 1,200 31 1,489
Miss Vaughan's Spitalfields Charity 756 362 1,118
14,568 20,672 7,027 4,131 32,343

General Designated Restricted Endowment
24 Transfers
between funds: prior year		 funds funds funds funds Total
General to restricted (1,102) 1,102
General to designated (5,000) 5,000
Endowment
to restricted		 3,029 (3,029)
(6,102) 5,000 4,131 (3,029)
General Designated Restricted
25 Net assets attributable tofunds: current year funds funds funds Total
E E E
Tangible fixed assets 198 1,940,000 2,269,937
Current assets
Current
liabilities
Net assets represented		 by funds 92,459
(21,323)
71,334		 30,000
-
~7,.17773ll		 27,119
(5,100)
~27711		 ~7.474 197,950
(26,423)
2.~21.4 73
General Designated Restricted Endowment
2e Net assets attributable tofunds: prior year funds funds funds funds Total
E E E
Tangible fixed assets 633 1,940,000 305,567 2,246,200
Current assets
Current
liabilities
Net assets represented		 by funds 75,960
(20,068)
517525		 25,000
~1, r560		 36,193
(3,850)
~r34		 45,333
~IRUlcr		 182,486
(23,918)
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