## **THE
FRIENDS
OF
THE
CITY
CHURCHES**
**Trustees’
Annual
Report and
Financial
Statements
for
the Year
Ended
31
March
2021**
**St
Mary
Abchurch Abchurch
Lane,
London
EC4N
7BA**
**Telephone
020
7626
1555**
**Email:
contact_us@london-‐city-‐churches.org.uk**
**Registered
Charitable
Incorporated
Organisation
(CIO) 1155049**
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
## **ANNUAL
REPORT,
1
APRIL
2020
TO
31
MARCH
2021**
In
2020/21
while
the
world
was
in
a
pandemic
the
FCC
made
every
effort
to
maintain
the activities
appropriate
to
its
stated
objectives:
‘To
preserve
and
protect
for
the
public
benefit:
- Churches
and
chapels
of
architectural
and/or
historic
interest
situated
in
the
City of
London,
whether
belonging
to,
or
formerly
used
by,
the
Church
of
England,
or any
other
body;
- The
monuments,
fittings,
fixtures,
organs,
stained
glass,
furniture,
ornaments and
chattels
of
any
such
church
or
chapel
and
their
united
parishes;
- The
churchyards
and
burial
grounds
belonging
to
or
formerly
belonging
to
any such
church
or
chapel.’
## **COVID-‐19
restrictions**
As
of
17
March
2020,
the
Archbishops
of
Canterbury
and
York
instructed
all
the
churches in
their
jurisdiction
to
suspend
public
services;
with
few
or
no
resident
congregations, most
City
churches
closed
entirely.
Nationwide
lockdown
followed
on
March
23.
This began
to
lift
in
May
2020,
only
to
be
followed
by
a
three-‐tier
system of
restrictions
on October
14
and
a
second
lockdown
on
November
5.
That
ended
on
December
2,
but
was followed
by
Tier
4
restrictions
in
London
on
December
21
and
a
third
lockdown
on January
6,
which
only
began
to
ease
in
April
2021.
Thus,
when
permitted,
some
City churches
kept
limited
hours
for
private
prayer
and/or
severely
constrained
services,
while those
with
technical
facilities
began
streaming
services,
talks
and
study
groups,
and
some simply
remained
closed
for
weeks
on
end
as
clergy
and
administrators
learned
to
work from
home.
On
3
July
2020,
the
Charity
Commission
for
England
and
Wales
made
a
temporary amendment
to
the
Corporate
Insolvency
and
Governance
Act
2020
which
allowed
us
to delay
our
AGM
until
30
September
2020,
thus
overriding
the
timing
required
by
our constitution.
After
consultation
with
the
Charity
Commission,
the
Trustees
proposed
the following
course
of
action:
- The
Trustees'
Report
and
Accounts
for
2019-‐20
were
posted
on
the
FCC
Web
site as
a
downloadable
PDF,
with
printed
copies
offered
by
post.
- The
proposals
for
consideration
were
to:
confirm
the
Minutes
of
the
Annual General
Meeting
of
20
June
2019;
agree
the
Trustees’
Annual
Report
and
Financial Statements
for
the
year
ended
31
March
2020;
accept
the
resignations
of
one Trustee
and
one
Officer;
re-‐elect
three
Trustees
by
rotation
and
one
new
Trustee; and
re-‐appoint
Keith
Raffan
and
Cº
as
Independent
Examiners.
Comments
were
welcomed
until
1
September
2020.
After
that
date,
we
assumed
tacit consent
from
those
who
did
not
positively
object
to
any
proposal,
and
thus
submitted
our annual
return
to
the
Charity
Commission
on
23
September
2020.
Page
1
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
|**Trustees**|Oliver Leigh-Wood|Chairman|
|---|---|---|
||David Jessop|Vice-Chairman|
||Sonja Judith Guy-Briscoe Honorary Secretary||
||Rebecca Banfield|Honorary Treasurer|
||Nancy Jane Branson||
||Brian Malcolm Evans||
||Signe Kjaere Hoffos||
||John Arthur Cecil Reynolds||
||Lesley Diane Thrift||
||Tony Tucker||
|**Meeting observers**|Judy Stephenson|Editor,_Skyline_|
||Karen Hearn|Administrator (part-time)|
## **Structure,
governance
and
management**
FCC
is
a
Charitable
Incorporated
Organisation
(CIO)
and
operates
under
the
‘Association Model’
constitution
for
such
organisations.
Trustees
are
appointed
by
the
Friends
of
the
CIO
at
the
Annual
General
Meeting
and serve
for
three
years
(unless
filling
a
place
vacated
by
retirement
or
resignation)
after which
they
may
offer
themselves
for
re-‐election.
Four
of
the
Trustees
are
ex-‐officio appointments:
Chairman,
Vice-‐Chairman,
Honorary
Treasurer
and
Honorary
Secretary. The
recruitment
and
induction
process
for
new
Trustees.
All
Trustees
are
required
to
have read
the
‘Guide
to
Trustees’
Duties’
and
‘Guidance
on
Public
Benefit’,
publications
issued by
the
Charity
Commission
for
England
and
Wales,
and
to
update
themselves
regularly
on matters
associated
with
the
operation
of
small
charities.
To
that
end,
all
Trustees
are directed
to
the
regular
Newsletters
of
the
Charity
Commission
and
relevant
points
are highlighted
for
their
notice.
The
Trustees
have
complied
with
their
duty
under
law
(s17(5),
Charities
Act
2011)
to
have due
regard
to
the
Charity
Commission’s
public
benefit
guidance
when
exercising
powers or
duties
to
which
the
guidance
is
relevant.
FCC
is
fully
compliant
with
the
requirements
of
the
General
Data
Protection
Regulation (GDPR).
The
Trustees
do
not
carry
on
activities,
whether
voluntary
or
for
profit,
which
conflict with
their
duties
for
FCC.
Several
Trustees,
however,
do
have
roles
in
other
charities
or
in churches,
or
work
for
their
own
account. These
activities
are
separate
from
their
work
for FCC.
None
of
the
Trustees
receives
remuneration
for
work
for
FCC.
A
policy
for
Trustee expenses
claims
is
in
place.
The
Trustees
hold
ten
meetings
each
year
to
discuss
strategic
planning
and
priorities,
to receive
and
act
on
reports
from
subcommittees
and
working
groups
and
to
agree
Page
2
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
financial
commitments,
including
the
award
of
grants
under
the
FCC
Small
Grants Scheme.
During
the
pandemic
meetings
took
place
via
Zoom.
Judy
Stephenson
edits
the
Friends’
magazine, _Skyline,_ and
attends
Trustees
meetings
as an
observer.
The
editor,
like
the
Trustees,
is
not
remunerated
but
only
reimbursed
for direct
expenses
in
line
with
FCC
policy.
## **Membership**
The
Friends
of
the
City
Churches
had
980
members,
in
single
or
joint
accounts,
in
the database
as
of
31
March
2021.
Of
these,
26
have
Life
Membership
(20
single,
six
joint). We
also
have
a
27
honorary
Friends
amongst
City
clergy,
parish
administrators
and eminent
supporters
of
the
charity,
who
receive _Skyline_ without
the
events
booking
form.
The
total
figure
also
reflects
163
single
or
joint
memberships
'in
limbo'
which
are,
despite several
reminders,
still
paid
by
standing
order
at
old
subscription
rates.
As
we
explained at
last
year's
AGM,
we
are
keeping
these
Friends
on
the
books
as
they
are
still
paying
but no
longer
sending
them _Skyline_ ,
as
it
seems
unfair
to
the
majority
who
are
in
good standing, to
extend
the
same
privileges
to
those
who
are
now
up
to
five
years
in
arrears. Over
the
past
year,
as
they
have
realised
that
they
are
not
receiving _Skyline_ ,
a
number
of these
long-‐standing
Friends
have
contacted
the
office,
amended
their
standing
orders
and paid
their
arrears,
for
which
we
thank
them.
## _**Skyline**_
Friends
will
have
noticed
that
Grinling
Gibbons
(4
April
1648
-‐
3
August
1721)
has
taken pride
of
place
this
last
twelvemonth.
Of
course
he
has,
and
we
are
beholden
to
Angelo Hornak,
who
has
allowed
us
to
make
free
with
his
photographs.
The
Gibbons’ tercentenary
has
helped
us
forge
links
with
the
Master
Carvers
Association,
and tangentially _Skyline_ has
been
offered
articles
by
people
other
than
Friends.
This
can
only be
to
the
good. Just
as
there
are
limits
to
how
often
we
can
say
that
Christopher
Wren was
a
good
egg,
it
is
interesting
to
read
about
the
growing
and
felling
of
timber
suitable for
carving.
The
editor
is
thrilled
to
have
been
invited
to
the
preview
of
Bonham’s . exhibition _Grinling
Gibbons
Centuries
in
the
Making_ The
more
the
Friends
spread
their net,
the
more
interest
in
the
history
(and
dilapidations
needing
repair)
we
generate.
Paul
Faux
has
valiantly
sought
advertisers.
We
have
had
a
reciprocal
advertisement
with SAVE
Britain’s
Heritage
(no
money
changed
hands,
but
we
got
an
airing,
as
did
they).
We can
only
hope
that
as
the
City
opens,
and
the
economy
picks
up
so
will
this
source
of revenue.
Despite
being
deprived
of
browsing
in
libraries
and
archives,
Friends
have
continued
to research
and
send
valuable
contributions.
It
cannot
be
said
too
often
that
the
magazine
is only
as
good
as
its
contributors.
John
Finn,
patient
and
imaginative
designer
that
he
is, deserves
all
our
thanks.
The
editor
could
not
keep
a
clear
head
without
Nancy
Branson, Brian
Evans
and
Paul
Simmons
as
advisors.
Carol
Stanley’s
eagle
eye
is
precious.
Page
3
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
Museums,
galleries,
libraries
and
archives
have
recognised _Skyline_ ’s
worth
in
that
they waive
the
usual
copyright
fees
when
we
ask
to
print
illustrations.
Micropress,
our printers,
have
not
let
us
down
even
once
throughout
this
difficult
pandemic
year.
It
should
be
mentioned
that
by
the
time
you
read
the _Skyline_ report
in
the
2022
AGM papers,
Judy
Stephenson’s
tenure
as
editor
will
have
finished.
A
replacement
is
urgently needed.
## _**City
Events**_
The _City
Events_ listing
guide
to
services,
concerts,
talks
and
other
special
events
is
usually published
monthly,
online
and
in
print
for
distribution
throughout
City
churches
and libraries.
The
March
2020
issue
ironically
began
with
‘a
significant
number
of
events taking
place
in
City
churches’,
not
all
of
which
saw
the
light
of
day.
After
several
months, as
lockdown
eased,
some
churches
felt
able
to
hold
services
either
online
or
(with appropriate
measures)
with
congregations
in
the
church.
Also,
several
churches
began
to hold
online
recitals
and
a
few
began
to
hold
public
recitals.
Publication
of _City
Events_ thus
resumed
online
with
a
PDF
downloadable
from
the
FCC website,
and
the
optimistic
headline
‘Resurgam’
on
28
September
2020.
By
29
March 2021,
there
had
been
19
issues,
at
intervals
varying
from
a
few
days
to
a
fortnight
at
most as
circumstances
changed. _City
Events_ continues
online
as
a
PDF,
with
our
grateful
thanks to
FCC
Trustee
John
Reynolds
and
long-‐serving
Friend
Ingrid
Slaughter
for
their
great efforts
in
keeping
abreast
of
constantly
changing
church
openings
and
events.
Needless to
say,
we
are
monitoring
the
situation
and
remain
cautiously
optimistic
about
resuming our
monthly
printed
edition
later
in
2021.
## **Website
and
social
media**
Trustee
Signe
Hoffos
currently
maintains
the
FCC
Web
site
at http://www.london-‐city-‐ churches.org.uk,
with
information
about
the
Friends,
Church
Watching,
Friends’
events, _City
Events_ ,
Friends’
merchandise,
and
the
City
churches
themselves.
The
site
has
been growing
organically
within
the
constraints
of
the
original
design,
with
more
aids over
the past
year
particularly
to
help
visitors
to
find
the
City
churches
online
and
book
FCC
online talks
via
Eventbrite.
Between
April
2020
and
March
2021,
the
website
received
72,846
page
views
from 16,546
visitors,
suggesting
more
engagement
from
slightly
fewer
visitors
than
the previous
year.
The
FCC
map
of
the
City
churches
is
much
the
most
popular
page
and download,
followed
by _City
Events_ (with
an
inevitable
peak
in
December
as
visitors
sought Christmas
services),
and
the
free
back
issue
of _Skyline_ (which
is
rotated
quarterly).
Links from
the
Church
Finder
pages
to
photographs
drawn
from
the
FCC
Flickr
account
are perennially
popular.
We
would
welcome
more
copyright-‐free
photos
for
that
account,
to support
interest
in
the
churches
and
the
Friends.
Page
4
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
FCC's
Twitter
account,
@ChurchWatchers,
now
has
2,045
followers,
slightly
more
than 2020,
but
both
this
and
the
FCC
Facebook
page
are
sorely
under-‐resourced
for
lack
of
a dedicated
media-‐savvy
volunteer
to
supply
content
regularly.
We
have
the
skills
and resources
to
design
an
effective
social
media
campaign,
but
would
appreciate
a
few volunteers
to
put
more
time
into
regular
posts.
## **FCC
members’
events**
At
the
end
of
March
2020,
the
Friends
of
the
City
Churches
were
on
target
for
a
record number
of
walks,
talks,
visits
and
special
services,
many
in
support
of
the
Melba
Coombs Memorial
Fund.
This
initiative,
commemorating
the
founder
of
the
FCC’s
volunteer Church
Watching
scheme,
aims
in
part
to
raise
a
capital
reserve
to
assist
the
future
work of
the
Friends,
with
generous
match-‐funding
from
an
anonymous
sponsor;
thus,
we
were hoping
to
prime
that
pump
with
a
range
of
activities
for
FCC
members
and
the
public.
In the
event,
we
were
overtaken
by
events
which
put
an
end
to
virtually
all
communal activity
well
into
2021.
When
it
became
clear
that
we
were
in
for
the
long
haul,
we
issued
credit
vouchers
to some
100
members
in
lieu
of
over
300
tickets
purchased
for
forthcoming
events.
Very few
asked
for
an
actual
refund,
and
we
are
grateful
to
those
who
donated
the
value
of their
tickets
to
support
the
Friends
when
our
earned
income
was
so
suddenly compromised.
We
have
a
database
of
ticket
sales,
to
ensure
that
members
who
have carried
a
credit
for
all
these
months
will
be
offered
priority
booking
wherever
possible
in 2022.
With
this
volume
of
activity,
it
was
extremely
useful
to
have
email
addresses
for
the
great majority
of
Friends.
We
warmly
encourage
everyone
to
keep
their
contact
details
up
to date
by
contacting
the
FCC
office
with
any
changes,
and
to
supply
an
email
address
if possible.
We
have
new
dates
for
a
couple
of
scheduled
tours
which
were
cancelled
at
short
notice in
2020;
these
places
have
been
offered
to
those
who
originally
booked,
but
we
will
strive to
repeat
popular
visits,
walks
and
talks
whenever
we
can.
With
the
explosion
of
online
talks
during
lockdown,
we
followed
suit
in
March
2021
with a
virtual
tour
of
St
Paul’s
Cathedral
by
popular
St
Paul’s
and
City
Guide
Jill
Finch, streaming
live
on
the
Zoom
videoconferencing
platform
with
booking
through
the Eventbrite
ticketing
service.
Initial
feedback
demonstrated
that,
even
without
pandemic restrictions,
able-‐bodied
Londoners
appreciate
the
ease
of
logging
in
rather
than travelling
for
an
hour
or
more
each
way
to
a
City
venue,
and
that
we
are
reaching
many online
who
could
not
otherwise
attend
live
events
at
all.
We
have
a
Zoom
Pro
licence,
which
accommodates
up
to
100
people
and
meetings
of unlimited
duration;
at
£144,
this
is
our
most
cost-‐effective
option,
in
that
we
can
extend the
licence
for
£48
a
month
to
accommodate
larger
audiences
when
we
receive
sufficient
Page
5
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
bookings.
The
licence
also
supports
monthly
Trustee
meetings
without
the
limitations
of the
free
Zoom
service
with
which
the
committee
began
to
meet
online
in
July
2020.
We
are
providing
online
talks
primarily
as
a
benefit
to
members
but
also
an
opportunity to
raise
awareness
of
the
Friends
more
widely,
since
we
can
welcome
non-‐members.
We offered
the
first
four
talks
free
to
Friends
with
a
discount
code,
and
a
modest
£3
ticket
fee (plus
optional
donation);
after
Eventbrite
fees,
we
cleared
£114
on
the
first
talk,
with
119 bookings
altogether.
We
shortly
learned
to
ask
for
a
‘suggested
donation’
rather
than
a flat
fee,
in
order
to
retain
most
of
the
income,
and
thus
cleared
£180
from
a
similar number
of
bookings
for
a
talk
later
in
the
year.
As
we
return
to
live
events,
we
will
face
some
hard
decisions,
as
we
usually
charge
£10
for talks,
and
£9
for
walks.
This
is
much
less
than
many
other
heritage
societies
or
museum Friends,
but
we
know
that
our
members
are
price-‐sensitive,
and
our
main
‘competition’ online
comes
from
subsidised
institutions
(particularly,
libraries)
which
also
offer
a
great many
talks
for
free.
The
possibility
of
hybrid
events
–
streaming
a
live
lecture
from
a church
or
other
venue
–
poses
both
technical
and
pricing
challenges.
With
so
many
Friends
on
email,
we
have
also
instituted
a
Mailchimp
circulation
list,
which enables
us
to
communicate
between
issues
of _Skyline_ ,
and
to
provide
more
information about
forthcoming
events
than
this
quarterly
magazine
allows.
Even
those
without
online access
can
listen
to
Zoom
lectures
on
the
phone,
so
every
issue
of _Skyline_ includes instructions
and
access
codes
for
that
option.
We
will
of
course
continue
to
offer
events
with
limited
numbers
(such
as
live
guided walks
and
visits)
to
all
Friends
through _Skyline_ ,
with
the
usual
ballot
for
oversubscribed events,
but
the
email
circulation
list
and
online
booking
afford
additional
opportunities
to keep
in
touch
and
stimulate
sales.
We
did
enjoy
one
live
event
between
lockdowns
in
2020,
as
we
held
our
annual celebration
of
lessons
and
carols
on
December
14
at
St
James
Garlickhythe
–
with
social distancing,
masks,
and
singing
only
from
professional
soloists
Cheryl
Enever
and
Caroline Lenton-‐Ward,
with
Andrew
Baars
at
the
organ.
We
are
most
grateful
to
Fr
Tim
Handley SSC,
Priest
in
Charge,
for
leading
the
service,
parish
administrator
Johanne
Moss
for coordinating
our
visit,
and
verger
Ellis
Pike
for
technical
support,
as
well
as
FCC
Trustees Nancy
Branson
and
John
Reynolds
for
their
invaluable
services
in
organising
the
event
and producing
the
order
of
service.
The
Carol
Service
was
streamed
live
and
then
posted
for
a
month
on
St
James’
own YouTube
channel,
where
it
garnered
over
300
views.
What
goes
around,
comes
around:
in the
summer
of
2020,
the
FCC’s
Small
Grants
Programme
made
a
substantial
contribution to
the
installation
of
the
audio-‐visual
equipment
which
enables
St
James
Garlickhythe
to stream
regular
services
and
special
events,
live
and
through
YouTube.
Along
with
the
Lord
Mayor’s
Appeal,
the
Worshipful
Company
of
Information Technologists’
(WCIT)
Charity
and
the
VOCES8
Foundation,
the
FCC
also
benefited
from
a
Page
6
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
magnificent
virtual
service,
Carols
for
the
City,
which
was
live-‐streamed
from
St
Anne
and St
Agnes
on
December
8,
and
viewable
online
into
the
new
year.
To
participate
in
this,
we joined
Virgin
Money
Giving,
which
proved
to
be
the
most
cost-‐effective
channel
for coordinating
online
donations.
With
a
£180
one-‐off
joining
fee
and
charges
comparable
to card
services
with
annual
service
charges,
this
account
supports
special
campaigns
and one-‐off
donations
alike.
Largely
through
Carols
for
the
City
but
also
from
other
donations and
private
events
at
St
Mary
Abchurch,
we
raised
over
£4,000
through
Virgin
Money Giving
by
the
end
of
March
2021,
and
continue
to
receive
memorial
and
other
donations monthly.
[Postscript:
Virgin
Money
Giving
is
closing
in
November
2021,
so
while
we
have had
our
money’s
worth,
we
need
to
consider
an
alternative
for
2022.]
## **Merchandise**
Although
we
lost
all
our
live
selling
opportunities
during
this
financial
year,
bar
the
odd personal
visitor
at
St
Mary
Abchurch,
through _Skyline_ and
the
FCC
Web
site we maintained
a
fair
volume
of
mail
order
sales,
particularly
in
the
run-‐up
to
Christmas.
We had
three
new
Christmas
cards
in
2020:
the
Nativity
in
stained
glass
from
St
Botolph Aldersgate
(photo
by
Vanessa
Morris),
a
banner
depicting
St
Nicholas
from
St
Mary Woolnoth
(photo
by
Tony
Tucker)
and
off-‐duty
policemen
building
a
snowman
in
the churchyard
of
St
Mary
Aldermanbury
(photo
Adrian
Bernard);
all
three
will
be
available again
in
2021,
along
with
new
cards.
## **OUR
SUPPORT
FOR
CHURCHES**
## **St
Mary
Abchurch**
The
Friends
were
asked
by
the
Diocese
of
London
to
take
over
the
running
of
this
church in
May
2013,
since
when
it
has
usually
been
open
every
weekday
for
private
prayer
and quiet
contemplation.
It
is
now
an
important
venue
for
many
British
and
international visitors
and
tour
groups.
Many
thousands
come
through
the
doors
in
a
normal
year.
The building
of
course
is
also
the
headquarters
of
the
Friends
of
the
City
Churches.
Since
the COVID-‐19
pandemic
struck,
we
have
tried
to
keep
the
building
open
as
much
as
we
were allowed legally;
in
fact,
for
most
of
the
second
half
of
2020
and
since
1
March
2021,
we have
been
able
to
keep
the
church
open
for
a
few
hours,
four
days
a
week.
Many
people have
appreciated
this
and
from
many
comments
we
suspect
St
Mary
Abchurch
has sometimes
been
the
only
church
observably
open
on
our
side
of
the
City.
The
Bishop
of London
commended
our
efforts
in
keeping
the
doors
open
at
an
Evensong
celebrating
the life
of
Grinling
Gibbons
and
blessing
the
new
Beadle
Wand
in
August
2021.
## **St
Mary
Abchurch,
Services**
When
permitted,
we
held
a
service
of
Holy
Communion
every
Wednesday
lunchtime during
much
of
the
COVID-‐19
crisis,
led
by
our
chaplain,
The
Revd
David
Goodburn,
who travelled
regularly
up
from
Folkestone
to
conduct
it.
Page
7
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
The
Russian
Anglican
Chaplaincy
have
also
continued
to
use
the
church
on
the
first Sunday
afternoon
of
the
month.
Our
resident
organist,
Ian
Shaw,
organised
a
weekly
organ
recital
on
Tuesdays
at
12.30, again
when
regulations
permitted.
We
had
hoped
to
hold
an
Evensong
in
May
2020
to commemorate
75
years
since
the
ending
of
the
Second
World
War
but
unfortunately
had to
abandon
this.
In
similar
vein
we
had
to
cancel
the
Worshipful
Company
of
Fruiterers’ annual
service
scheduled
in
January
2021.
## **St
Mary
Abchurch,
Fabric**
We
have
now
made
a
start
towards the
rewiring
and
relighting
of
St
Mary
Abchurch
– work
long,
long
overdue.
This
will
be
a
mammoth
project,
particularly
in
coordinating material
support
from
a
range
of
grants,
donations
and
fund-‐raising
activities.
This
of course
does
not
fall
directly
on
the
Friends,
but
we
hope
to
be
closely
involved
with
the project,
and
will
keep
our
members
informed
as
it
develops.
## **St
Mary
Abchurch,
Income
generation**
The
FCC
usually
lets
out
St
Mary
Abchurch,
and
the
Vestry
room
in
particular,
for ecclesiastical
and
appropriate
secular
use.
Weekly
AA
meetings
were
regularly
held
here, and
many
choirs
used
the
space
for
rehearsals
and
concerts,
including
the
London Chinese
Philharmonic
Choir,
the
Magnificat
Choir
and
Stile
Antico.
Much
of
this
activity ceased
over
the
past
year
of
course,
and
income
generation
has
taken
a
significant
hit. Fortunately,
it
now
looks
as
though
much
of
this
activity
is
returning
to
St
Mary
Abchurch for
the
balance
of
2021
and
beyond.
We
are
grateful
to
Trustee
David
Jessop
in
his
continuing
role
as
Church
Manager, coordinating
all
these
activities.
Volunteers
Sue
Anne
James
and
Lynette
Millson
have continued
with
their
regular
efforts
to
keep
the
church
clean.
We
also
thank
volunteer Janyce
Rogers
for
her
regular
efforts
to
help
with
FCC
administration.
## **Church
Watching**
Church
Watching
is
the
very
public
face
of
FCC's
role,
keeping
City
churches
open
for visitors
to
enjoy
their
architecture
and
peaceful
environments.
Unfortunately
this
activity was
thwarted
by
the
COVID-‐19
crisis
as
we
immediately
suspended
church
Watching.
We hope
to
resume
most
of
our
Watching
from
the
1
September
2021,
albeit
with
fewer churches
than
previously.
It
is
a
good
start
and
we
can
only
hope
that
January
2022
will see
in
a
better
year
for
us
all.
Watchers’
sign-‐up
meetings
will
now
be
held
at
St
Michael
Paternoster
Royal.
This
should provide
us
with
good
space
for
social
distancing
whilst
achieving
our
popular
sign-‐up sessions.
Lesley
Thrift
is
responsible
for
ensuring
Watchers
are
aware
of
FCC’s
Safeguarding
Policy. She
is
very
ably
assisted
by
a
reduced
Rota
Manager
team:
Judy
Guy-‐Briscoe,
Helen
Page
8
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
Passey,
Marion
Watson
and
Steve
Welsh,
with
Vanessa
Morris
now
also
coming
on
board for
a
reduced
but
effective
new
team.
Our
thanks
to
outgoing
Rota
Managers
Amanda Kuijvenhoven,
Peter
Eaton
and
Trevor
Bates
for
all
their
hard
work,
for
which
we
are
very grateful.
Several
new
Watchers
joined
the
scheme
during
the
year
but
are
only
now
being
briefed. FCC
is
extremely
grateful
to
Lesley
Thrift,
the
Rota
Managers,
all
Watchers,
and
to
John Reynolds,
who
plays
a
pivotal
role
in
checking
and
arranging
the
printed
rota
sheets
and maintaining
the
Watchers’
directory.
## **Small
Grants
Programme**
Through
the
FCC
Small
Grants
programme,
Trustees
can
award
a
maximum
of
£5,000
per project
to
churches
within
the
City
of
London
for
small-‐scale
repairs
or
improvements
in or
outside
the
building.
## **St
Mary
Aldermary**
In
January
£2,000
was
requested
for
repairs
to
the
north
valley
gutter
and
a
leak
in
the church.
On
inspection,
after
lockdown
restrictions
were
lifted,
the
leak
had
worsened, and
the
cost
was
£5,279.40.
Trustees
agreed
to
increase
the
grant
to
£5,000.
## **St
James
Garlickhythe**
In
July
2020
£3,500
was
requested
to
support
the
Streaming:
Better
Broadcasting
Project. This
was
agreed
by
the
Trustees.
Services
were
broadcast
daily
during
lockdown,
and
the church
hosted
the
Friends’
Christmas
Carol
Service
in
December
2020.
## **St
Nicholas
Cole
Abbey**
In
September
2020,
£3,081.82
was
granted
to
repair
the
church
kitchen
and
instal
new cupboards.
## **St
Mary
le
Bow**
In
January
2021,
£1,000
was
granted
to
replace
the
failing
carillon
system.
## **The
Dutch
Church**
In
February
2021,
£5,000
was
granted
for
conservation
and
re-‐gilding
of
the
weathervane on
the
steeple.
## **CONCLUSION**
We
extend
our
best
wishes
to
all.
We
hope
that
you
have
enjoyed
your
…
sabbatical
year? Your
long-‐distance
enthusiasm
and
generosity
has
helped
us
to
maintain
the
FCC successfully
in
this
most
difficult
time.
As
always,
special
mention
must
be
made
of
our Administrator,
Karen
Hearn,
whose
diligence
and
patience
are
of paramount
importance to
the
smooth
running
of
the
Friends.
We
are
particularly
grateful
for
the
use
of
her conservatory
as
the
FCC
office
annex
during
the
COVID
-‐19
lockdown.
Page
9
The Friends of the City Churches {FCCI
Annual Report and Financial Review for the year ended 31 March 2021
On behalf of FCC, our sincere thanks go to our Archdeacon, The Ven. Luke Miller; the Area
Dean, The Reverend Katherine Hedderly,. Georgina Graham, Operations Manager, Diocese
of London- and our patrons, the Rt Rev and Rt Hon Dame Sarah Mullally DBE, Bishop of
London, and the Rt Revd and Rt Hon Lord Chartres GCVO Chstj PC FSA, for their
continued support throughout the year. Also. we wish to thank the chaplain of St Mary
Abchurch, The Revd David Goodburn, who is constantly helpful to FCC.
Signed
Oliver Leigh-wood, Chairman of the Trustees
The Friends of the City Churches
16 September 2021
Page 10
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
## **FINANCIAL
REVIEW,
1
APRIL
2020
TO
31
MARCH
2021**
This
has
been
a
very
challenging
year
for
so
many,
but
despite
the
difficulties
faced
by
our members,
they
have
continued
to
support
the
FCC
through
membership
fees,
donations and
through
attending
online
events.
For
this
we
are
grateful.
It
has
been
truly
a
blessing to
find
the
FCC
is
considered
worthy
of
so
much
good
will.
Thank
you
all.
As
a
result
of
their
support,
the
FCC
continues
to
be
a
going
concern.
Our
reserves
of
circa £240,000
continue
to
be
used
for
the
prime
purpose
of
preserving
and
protecting
the fabric
of
the
City
churches,
in
accordance
with
our
Constitution
and
Reserves
Policy.
Our
combined
funds
show
a
surplus
this
year
of
£4,000.
## **Detailed
Highlights**
Our
revenue
from
subscriptions,
donations,
Gift
Aid
and
bank
interest
shows
an
increase on
last
year.
The
Trustees
were
delighted
to
receive
additional
donations
from
the Worshipful
Company
of
Information
Technologists
and
the
VOCES8
Foundation
in partnership
with
the
Lord
Mayor
of
the
City
of
London,
who
included
us
as
a
beneficiary for
income
generated
by
their
Carols
for
the
City.
Gift
Aid
is
a
valuable
addition
to
our
resources,
and
we
would
urge
all
those
members who
can
sign
up
to
the
Gift
Aid
scheme
as
UK
Taxpayers
to
do
so.
It
might
seem
a
small amount
per
member,
but
it
adds
up.
We
are
always
so
grateful
to
find
that
members
have
remembered
us
in
their
wills.
We received
one
particularly
generous
legacy
this
year
from
a
family
who
wish
to
remain anonymous.
Ticketed
events
were
of
course
cancelled
at
short
notice.
Next
year
our
accounts
will show
how
the
FCC
has
risen
to
the
challenge
of
putting
many
events
online,
but
these accounts
reflect
the
suddenness
of
the
requirement
to
cancel.
We
would
like
to
thank those
members
who
had
purchased
tickets,
and
either
donated
the
value
of
their
tickets to
the
FCC
or
agreed
to
take
vouchers
as
credits
to
use
for
future
events.
This
sign
of
your on-‐going
support
is
wonderful
to
see.
Our
shop
sales
continued
to
make
a
small
profit.
The
FCC
does
not
include
a
high
mark-‐up on
the
price
of
the
items
so
our
profit
margins
are
small.
We
regularly
monitor
stock levels
and
the
sales
of
individual
items,
and
add
new
products
each
year
to
keep
the
shop interesting.
Our
popular
quarterly
magazine, _Skyline_ ,
continued
to
be
produced
and
distributed throughout
the
year.
We
keep
a
watchful
eye
on
the
costs,
while
seeking
always
to maintain
the
high
standard
and
quality
of
production
and
content
that
our
members expect
and
enjoy.
Page
11
**The
Friends
of
the
City
Churches
(FCC) Annual
Report
and
Financial
Review
for
the
year
ended
31
March
2021**
The
Melba
Coombs
Memorial
Fund
was
established
in
2018
with
an
anonymous
donation of
£50,000.
The
fund
currently
stands
at
a
little
over
£77,000.
We
can
use
income generated
by
the
fund
for
FCC
heritage
grants.
The
Fund
has
shown
growth
this
year
and as
the
financial
markets
strengthen
can
be
expected
to
continue
to
grow.
The
income
generated
from
the
fund
supported
our
Small
Grants
to
City
churches,
which this
year
fell
a
little
short
of
£15,000.
The
FCC
would
be
delighted
to
receive
more applications
from
churches
within
the
City
of
London
for
grants
of
up
to
£5,000
for
small-‐ scale
repairs
or
improvements
in
or
outside
the
building.
The
process
to
request
funding is
a
simple
one
and
the
Trustees
are
always
open
to
reviewing
such
applications.
## **Reserves
and
Investments**
We
must
maintain
a
small
operational
liquidity
reserve,
currently
as
a
readily-‐realisable cash
deposit
with
CCLA
(Churches,
Charities
and
Local
Authorities)
charity
fund management,
to
provide
monetary
cover
in
the
event
of
an
emergency.
Our
investments
have
continued
to
be
through
deposit
accounts
protected
by
the Financial
Services
Compensation
Scheme.
However,
interest
rates
have
fallen
and continue
to
do
so,
and
the
Trustees
are
currently
seeking
financial
guidance
as
we
look
to maximise
return
while
keeping
risk
low.
The
Endowment
Fund
reserve
is
invested
through the
CCLA.
## **Risk
Management**
We
continue
to
pay
the
Diocese
of
London
rent
of
£15,000
per
annum
for
St
Mary Abchurch,
in
accordance
with
the
five-‐year
rental
agreement
negotiated
from
June
2019. Apart
from
this
the
FCC,
has
no
significant
contracts
or
liabilities,
and
no
pending
litigation or
threat
of
litigation.
The
FCC
works
with
the
Diocese
to
ensure
consistency
and
completeness
of
insurance coverage
and
regularly
reviews
matters
pertaining
to
health
and
safety.
## **Financial
Controls**
The
FCC
follows
guidance
issued
by
the
Charity
Commission
regarding
internal
financial controls.
These
are
regularly
reviewed
and
designed
to
be
appropriate
for
the
scale
and nature
of
our
operations.
Page
12
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **INCOME AND EXPENDITURE ACCOUNT**
**2019/20 2019/20 2020/21 2020/21 Combined Combined Combined Combined Funds Funds Funds Funds ST MARY ABCHURCH £ £ £ £ Income** 9,509 Church Lettings (515) 1,615 Churchyard Revenue 0 5,473 16,597 Collections 780 265 ______ ________ **Costs** (15,500) Rent (15,000) (9,108) Other Costs (6,948) ______ (24,608) ________ (21,948) **_________ NET DEFICIT _________ (8,011) ST MARY ABCHURCH (21,683) __________ __________**
**FS 1**
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **INCOME AND EXPENDITURE ACCOUNTS**
**2019/20 2019/20 2020/21 2020/21 Combined Combined Combined Combined funds funds funds funds THE FRIENDS OF THE CITY CHURCHES £ £ GENERAL INCOME £ £** 30,565 Membership subscriptions, donations, Gift Aid 36,950 2,011 Interest and investment income 2,588 _______ 32,576 _______ 39,538 **EVENTS** 6,090 Events Income 153 (2,942) Events Costs (1,541) _______ 3148 _________ (1,388) **TRADING** 1,427 Shop sales net surplus 2,121 (308) Advertising and marketing (523) ______ 1,119 ________ 1,598 **PUBLICATIONS** (9,514) Skyline costs (8,894) 175 Skyline advertising revenue 30 ______ (9,339) ________ (8,864) (5,170) City Events costs (85) 1,410 City Events income 1,150 _______ (3,760) _______ 1,065 **GOVERNANCE AND ADMINISTRATION** (21,338) Governance and administration (20,386) _________ ________ **2,406 NET SURPLUS/(DEFICIT) FRIENDS 11,563** _________ **OF THE CITY CHURCHES _________ TOTAL SURPLUS/(DEFICIT) (5,606) Before support and extraordinary items (10,118) SUPPORT COSTS TO CITY CHURCHES** ( 503) Church Watching (31) (2,100) Grants to other churches (14,832) ______ (2,603) _______ (14,863) **EXEPTIONAL REVENUE ITEMS** (3,055) Unrealised profit/(loss) on investments 8,004 72,144 Melba Coombs Endowment Fund 1,204 Legacy 20,000 **________ ___________ 60,881 SURPLUS/(DEFICIT) for the period 4,226** ________ ___________
FS 2
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the year ended 31 March 2021**
## **BALANCE SHEET**
**2019/20 2020/21 Combined Combined funds funds** £ £ **Fixed Assets** 46,945 COIF Unit Trust Investment 77,364 _______ _**Current assets**_ 0 Debtors 0 7,433 Accrued revenue 1,500 259 Prepaid expenses 259 1,815 Merchandise Stock 1,272 _______ _______ 9,507 3,031 _______ ________ 51,715 Deposits Nationwide Building Society 51,932 74,961 Virgin Money plc 74,961 34,803 COIF Church of England Deposit Fund 34,905 200 COIF Church of England Melba Coombs 0 84,451 Skipton Building Society 84,451 ______ _______ 246,130 Total Deposits 246,249 _______ _______ 678 Current Lloyds Savings 678 25,630 Current Lloyds General Account 4,965 _______ ________ 26,308 Total Current Accounts 5,643 _______ ________ _**Liabilities less than 1 year**_ 0 Creditors 0 2,889 Accrued expenses 2,948 930 Deposits held and income in advance 240 ______ _________ 3,819 _**Total liabilities**_ 3,188 ______ ________ 278,126 _**Net Current Assets**_ 251,735 _**Liabilities more than 1 year**_ 8,637 Life membership – deferred income 8,435 _______ __________ 316,434 _**Total net assets**_ 320,664 _______ _________ **Financed by:** _**General Reserves**_ 255,553 Balances brought forward 316,434 60,881 Surplus/(deficit) for the year 4,226 _______ __________ 316,434 Balances carried forward 320,660 _______ _________
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the year ended 31 March 2021**
## **STATEMENT OF FINANCIAL ACTIVITIES**
**2019/20 2020/21 Combined Combined funds funds** £ £ _**Incoming Resources**_ 36,038 Subscriptions, donations and gift aid 37,730 72,144 Legacies and gifts 21,204 7,500 Charitable activities 1,333 13,172 Other trading activities 3,173 2,011 Investment income 2,588 1,790 Other income 0 _______ -________ 132,655 **Total incoming resources** 66,028 _______ ________ _**Resources expended**_ 19,920 Raising funds 16,566 27,071 Charitable activities 32,854 21,728 Administration 20,386 _______ ________ 68,719 _**Total resources expended**_ 69,806 _______ __________ _**Revaluation of assets**_ _______ ___________ (3,055) Unrealised profit(loss) on investments 8,004 _______ ___________ 60,881 _**Net movement in funds**_ 4,226 255,553 _**Funds brought forward**_ 316,434 _______ ___________ 316,434 _**Funds carried forward**_ 320,660 _______ __________
FS 4
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **Notes to the Financial Statements**
## **1 Accounting Policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Financial Reporting standard (FRS) 102, the applicable Statement of Recommended Proactice (SORP) Charities Act 2011 and applicable regulations thereunder. They have been prepared under the historical cost convention, using the applicable concepts of going concern, accruals, prudence and materiality.
## **Fund Structure**
FCC operates a single unrestricted (‘General’) fund, from which grants, on application, are made for the preservation and protection for public benefit of all City of London churches. Additionally, FCC is obliged and incentivised to maintain the fabric of St Mary Abchurch. Consequently, restricted funds are unnecessary and administratively burdensome to achieve the objective of maintaining the fabric of City churches, since that is the prime objective of the General Fund.
Within the General Fund, the Trustees from time to time may, at their discretion, establish designated funds for particular purposes.
Additionally, FCC may operate restricted funds, the funds of which are to be used solely in accordance with the restrictions imposed by the donor, will or trust deed. These may allow FCC to undertake restoration beyond the normal level of operating expenditure of the General Fund. So as to reduce the administrative burden, FCC will not usually wish to open restricted funds with an initial sum of less than £1000.
## **Income Recognition**
Income is recognised when received or when receivable with sufficient certainty of timing and amount.
Life membership subscriptions are amortised over 15 years.
Gift Aid is accrued as the related subscription income or donation is credited.
**……………...continued**
**FS 5**
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **Notes to the Financial Statements - Continued**
## **1 Accounting Policies – Continued**
## **Income Recognition – Continued**
Grants or legacies are not accrued until the grantor/executor has indicated with adequate certainty the timing of receipt and the amount of the grant or legacy. Grants and legacies are accounted for as exceptional items.
Dividends are recognised when declared. Interest is accrued on bonds or other fixed term instruments including term deposits. Interest is also accrued on deposit accounts if credited at long intervals, eg over 6 months. Otherwise, a cash basis is used on the grounds that the result would not be materially different from a strict applicaion of the accruals basis.
All relevant income is allocated to designated and restricted funds, if material to the fund.
## **Expense Recognition**
Liabilities are recognised when a binding commitment has arisen, or if there is an obligation which can be measured with sufficient certainty of timing and amount.
Governance costs are identified separately, and if material, will attract an allocation of overhead, though currently the relevant overhead cost is immaterial.
Merchandise deemed to be ‘low value’ items are written off in the year of purchase. Merchandise expense is confirmed by annual stocktakes.
Equipment, such as office computers, catering utensils or maintenance tools, are written off in the year of purchase. FCC would not normally capitalise single items less than £1000.
The full rent cost payable to the Diocese of London was by agreement reduced in 2019 dependent on the level of improvement made to St Mary Abchurch over a five year period. The current rent payable assumes these improvements will be made and is therefore the best estimate of the likely rent payable. The arrangement is reviewed annually.
**……………….continued**
**FS 6**
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **Notes to the Financial Statements - Continued**
## **1 Accounting Policies – Continued**
## **Expense Recognition – Continued**
Charitable activites comprise the _City Events_ and _Skyline_ publications, expenditure on St Mary Abchurch and other City Churches, including Watching costs. Trading activities, together with the associated cost of raising funds for these, comprise sales of merchandise as well as revenue from church lettings and from FCC’s programme of events.
All relevant expenditure is allocated to designated and restricted funds, if material to the fund.
## **Investments**
Investments are made only in accordance with FCC’s Investment Policy, which prohibits investment in unquoted or complex financial instruments. Investments are revalued at period end to fair market value. Realised and unrealised gains and losses are recognised through the Income and Expenditure Account.
Listed equities are valued at closing mid-price. Bonds are valued including accrued interest. Broking charges and other investment costs are disclosed in a note, but are netted against investment income, this being deemed by the Trustees as a fair presentation.
FS 7
## **The Friends of the City Churches (FCC) Financial Statements for the Year Ended 31 March 2021**
## **Notes to the Financial Statements –** _**continued**_
## **2 Designated, Restricted and Endowment Funds**
The Trustees have ‘designated’ monies within the General Fund for the repair of church textiles and soft furnishings, to be known as the Textile Fund. A designated fund is not restricted.
During the year FCC continues to manage a restricted fund, the NADFAS (now known as the Arts Society) City Church Recording Fund. In addition FCC manages the Melba Coombs Memorial Endowment Fund. FCC can only benefit from the interest and dividend arising from the fund but cannot touch the capital. This founder wishes to remain anonymous.
## **BALANCE SHEET – Designated, Restricted and Endowment Funds**
|2**019/20 2019/20 2019/20 2019/20**||**2020/21 2020/21 2020/21 2020/21**|
|---|---|---|
|**Textile Melba Melba NADFAS**||**Textile Melba Melba NADFAS**|
|**Fund Coombs Coombs Fund**||**Fund Coombs Coombs Fund**|
|**Designated Endowment Restricted Restricted**||**Designated Endowment Restricted Restricted**|
|**£**
**£ £ £**||**£ £**
**£ £**|
||**Current Assets**||
|677|Lloyds Bank Saving 678||
|1,556 20,626 562|Lloyds Bank Current 1,556 1,204 2,220||
|200|COIF – Deposit acc||
|46,945|COIF – Unit Trust|77,364|
|2,793|Gift Aid Debtor||
|**___________________________________**||**_______________________________________**|
|**1,556 70,564 562 677**||**1,556 78,568 2,220 678**|
|**___________________________________**||**________________________________________**|
||**Reserves**||
|1,556 1,475 0 677|**Balances B/F**|1,556 70,564 562 677|
|0 69,089 562 0|**Surplus for the Year**0 8,004 1,658 1||
|___________________________________||______________________________ ________|
|1,556 70,564 562 677|**Balances C/F**|1,556 78,568 2,220 678|
|___________________________________||_______________________________________|
|**INCOME AND EXPENDITURE ACCOUNT – Designated, Restricted and Endowment Funds**|||
|2**019/20 2019/20 2019/20 2019/20**
||**2020/21 2020/21 2020/21 2020/21**|
|**Textile Melba Melba NADFAS**||**Textile Melba Melba NADFAS**|
|**Fund Coombs Coombs Fund**||**Fund Coombs Coombs Fund**|
|**Designated Endowment Restricted Restricted**||**Designated Endowment Restricted Restricted**|
|**£**
**£ £ £**||**£ £**
**£ £**|
|72,144|Donations|1,204|
|562|Investment Income 1,658||
|1|||
|(3,055)|Unrealised (Loss)/Gain 8,004||
|________________________________________||______________________________________|
|0 69,089 562 0|**Fund Income**|0 9,208 1,658 1|
|________________________________________||_______________________________________|
|________________________________________||_______________________________________|
|**0 69,089 562 0**|**Surplus for Year 0 9,208 1,658 1**||
**FS 8**
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the year ended 31 March 2021**
## **Notes to the Financial Statements –** _**continued**_
## **3 General Fund – detailed account analysis**
Account caption headings for the General Fund are presented so as to show separate results (before Support and Exceptional items) for FCC’s functions as a charity and as the St Mary Abchurch (‘SMA’) churchmanager. The General Fund includes the designated Textile Fund. The detailed account analysis is shown below.
## **DETAILED ACCOUNT ANALYSIS – FCCGeneral Management**
**2019/20 2020/21 General General Unrestricted Unrestricted £ FCC Management £** 20,790 Membership subscriptions 26,094 4,086 Donations 9,801 5,689 Gift Aid 1,055 2,011 Interest and other revenue 2,588 ______ _______ 32,576 _**Total FCC income**_ 39,538 _______ ________ **Charitable Activities** 9,339 _Skyline_ (net expense) 8,864 3,760 _City Events_ (net expense) (1,065) 122 Archive 213 _______ ________ 13,221 8,012 _______ ________ **Trading Activites** (1,427) Shop Sales (net income) (2,121) 472 Website 59 308 Advertising and other expense 523 ( 3,148) Events and Activities net expenses (net income) 1,388 574 Equipment 40 _______ ________ (3, 221) (112) _______ ________ **Administration** 19,810 Office costs 19,314 360 Professional fees 760 _______ _________ 20,170 20,074 _______ _________ 30,170 _**Total FCC expense**_ 27,974 ________ ________ 2,406 **Total FCC net income/(expense)** 11,565 ________ _________
FS 9
## **The Friends of the City Churches (FCC)**
## **Financial Statements for the year ended 31 March 2021**
## **Notes to the Financial Statements -** _**Continued**_
## **3 General Fund – detailed account analysis – Continued**
## **DETAILED ACCOUNT ANALYSIS – SMA Management**
**2019/20 2020/21 General General Unrestricted Unrestricted** £ **Income** £ 11,124 Church Lettings (515) 5,473 Collections and poor box 780 ______ _______ 16,597 _**Total SMA Income**_ 265 ______ ________ **Expenses** 181 Clergy and sacrament 0 16,198 Rent and insurance 15,964 6,620 Utilities 5,080 746 Repairs and maintenance 604 243 Security and fire 300 620 Organist and organ maintenance 0 _______ __________ 24,608 _**Total SMA expense**_ 21,948 _______ ___________ ______ ___________ (8,011) _**Total SMA net expense**_ (21,683) ______ ___________ (5,605) **Deficit before Exceptional Items and Support** (10,118)
## **4 Summary of reserves**
The following summary shows reserves movements during the year
**General Melba Melba NADFAS Combined Unrestricted Coombs Coombs Restricted Funds Endowment Restricted** Balances B/F as at 1[st] April 2020 244,631 70,564 562 677 316,434 Surplus/(deficit) for year (5,437) 1,658 1 (3,778) Unrealised Profit/(Loss) on Investments 8,004 8,004 Balances C/F ____________________________________________________________ at 31[st] March 2021 239598 78,568 2,220 678 320,660 _____________________________________________________________
FS 10
**The Friends of the City Churches (FCC)**
## **Financial Statements for the Year Ended 31 March 2021**
## **INDEPENDENT EXAMINERS’ REPORT ON THE ACCOUNTS OF THE FRIENDS OF THE CITY CHURCHES (Charity number 1155049)**
This report on the accounts of The Friends of the City Churches for the year ended 31[st] March 2021 is in respect of an examination carried out under Section 144 of the Charities Act 2100.
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- to follow procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- To state wether particular matters have come to our attention.
## **Basis of Independent Examiner’s Report**
Our examination was carried out in accordance with the General Directions given by the Charity Commission. That examination includes a review of the accounting records kept by The Friends of the City Churches and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclsures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to wether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with our examination, no matter has come to our attention:
- (1) which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Charities Act;
- to prepare accounts which accord with the accounting records and to comply with the requirements of the Act have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_Keith Raffan and Co (Signed)_ 12[th] September 2021 ----------------------------------------------------- Date -----------------------------------Keith Raffan and Co. Chartered Accountants 17 Short’s Gardens, London WC2H 9AT
FS 11