#
##
|||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||||||||||||
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|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|
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|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|
##
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|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|
##
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##
|||||||||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|
##
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##
||||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)
zzczcr.|
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