THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARy-AT-H1L sr ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND sr 8OTOLPH BY BILUNGSGATE Also known as ST MARY-AT-HILL RWRT OF TRusfEES AND AJDrrED FINANCIAL ATEmEN[S F(%i THE YEAR ENDED 31 CECEMBER 2021 Regsttred th3rty NLMrl)tr: 1161347 Knox Crtwper LLP 65 Leadenhall Street Lonthn
ST MARY.AT.HILL Owty R&JislrntiM Nuntr. 1161347 Pwochlal thurch cnd1 mefftss: Linda Joy For {Fk)rK)rnry Sts•) John Stq)trn Hughes Roy Humphrey Laurertt Target Phi14ppa V4hile (resignal 2021) Kevin May David Ernr1 (regwl 2021) Rot*rt Mrwjay-smith DIreCt of Muslc Robert MSr<J•.Smlth St Mary-at-HRI thjrch Lovat Lanc EC3R 8EE A1rtorS. Krnx Cropper LLP 65 Leadenhall Street Bankers: C4F Bank Limiteil 25 kn"r¥Js Hill A4t West Mailirwj Krt ME19 4JQ
sr MARY-AT-HILL TRUSTEES REPORT FOR THE YEAR ENDED 31 DEceMBER 2021 IimioDucfioN St Mary-at-Hill Mlsslon Statem Visic is to a Chch tlwt is wfth the cnmLty cl whth we e a part. We will get to know that commuThty. We 711 rKay for that community. We Y411 wdwme that community. We will make oursefves accesstble & ardllatAe to that conUnty. We will be a welcomiry Churth, enabling all to enCCtethe transfotmiw love ofGcvJ throwh Jesus in the Power of the Hoty Sptrk. Manage•bwbt of the Charlty The Owrity 15 manage(I by tre Parcrt¥al thurth cr1 (PCQ. This is up of the Priest Iwsed to ttr parish. (tr¥¥ardenS. ted annualty by the res(dents of the parlsh and others the churth's etectoral rcAI, ar1 up to six other members, elettal anThJaw frc¥n and by those on the elemal roll. The Irc has Fower to co.opt Ip to two alditsonal members. TPe PCC Usua meets every other month and may delegate specifK er5 io a committee or committees. We have a StsrKling Commrtt& (emrohtsEred within limits to transart business itween meetirys) arKi a "Steeriry GrGp for ts Resttyatknn Projett. ¥thich indudes our rchrtect (and Quirquennial Inyrtor) Okn'ver Cartt and Rev Kathwine Hedderlty, Area Dean. We a vwy gratefiJl fty treEr Conijnj suppJrL Publlc b•n•fit As a (hjrch rl ETr3land Pèrish thaitth ob11¥e5 are pri)paIY the a(ivavKement of the chnsts.an reIty3n arthj sh other things as are cJ)ThlLLtive to that Ob]t. We also provide a comrwnty space for area and welcome ttK)ir5. orchestra5 arKF other groups to pracbce andlor perform. We alw welccfft edUCabal visits from and cther groups, exploring the local hlstory as as farth. We are open to JnesS for senNnar5. receptions, luth dnrws. Thus c(thplyirKJ wth the tharty Commi&SFon's wblic berit guklan. Churchwardens, Rep(xt In the summer of 2020 priest in chary< the Rert Trioa HIlEas, was prefeff8J to a carK>nry at IVe5tmin5ter AbLw, and left her ministsy in &111S9ats. She has 9nce teen appointed as Arthleacon of Westmwtsier and CarM &eward. The PCC cwjratulates her on these aprtIrthts. The parish ts giateful to her for lr ministy to St Mary-at-Hill arKJ wtsh her many blessings in her new ministries, and in her c(inuirwJ r( as Chaplain to the Wker rf the House of Commons.
sr P4ARY-AT-HILL TRusfEES REPORT FOR ThE YEAR ENDED 31 DECEMBER ZO21 The benefKe has continu&1 Yant Sin Ihe d&h of tt Ven. Dr r.Dty wi 2C(6. On lThristmas Eve 2021 the &'.thp rf Lorn4on further rKJht to ftsent a ca1te to the efiCe. That right 15 the PCC5 for thi5 tum, txrt under the relet le94slat fals to be eXerd by the knhbish)p Canterbury. The PCC has asked the haP to appjnt a west-ir charge. has enyasd in dIs(US5 aLxKrt futwp ministry in an f£¥[nal cluster with the neightourirg ol Al Ha1tr4•6 BwkyTKhYche.By-ThtrTower with St Du)SW.In.ThtrEX the neMJht#xJring Guikl Churth of St Margaret p&tens, ar%J t of an Stant rate on a house fry Oiiry tHsl& Iimtab'ons(+xKial gathenngs and worship that have f)Ed frDm the seval waves of COVID- 19, ix)th fDrmal arnj inlofma, have resIred use of U ttwr(h for Mw5hTrp and other activib"es. The c has C¢YrtiThJed to z¢ suvre% arKI hr1 from trE clKrth available on Zoom (m t1. Tr ritts are take from CLn¢r7 Worshi) and the Book of ComnM)n Prtyer. The Deal the Re Kath&ine Haaderly has ceknted Hoty Comrnun in the ¢YKrch p&Kx1ts5ty. The PCC was del¥jh io ts at to wek(¥ne a live c<ryrg¥t¥)n f¢Y the Fth Har4e51 Fe5trial w) October is gratefvl for the in¥olYtrTErt aThl trajcrs fr(Yn Billing5gate Market The Parth arKJ %Vèrd Cc4 SeTye was a9a Ikl PEYSOry a1 Revd kn WIWn (husband frymer pri-in<harg¢ tt Rt ReA Rose H4K15M-IYiin) The PCC is gratdul and was dhte to see him ayjkn. ty aphkn tr the 4B5 Insplty. CorKertS in fove re¥TrEd, and crfer rEtsC aThJ wrtual refrement to those increa5Ywly in the rEKJti)JiW as Oty aTrl 5 JKI viwtry from the strains of cov119. luther Clxffrh d St Artt Is part d tre Luth (hwth in iknt Britsln. thus part of the Por0 Conynunion, and ir full comunTh with the Church Lrf &nd) has contkn tts asYKiation wth the parith, .stry to COVID.19, txst the thurch for its f51Np and BaEh ve5. FelkWhlP is a1kn5KV. The PCC 15 gratdul fty the servKe5 of Pwa Wl¥k, and ErnMu. TFY ha hay to away from Billirwte, PCC wishes I. 80th John Hug1 and R(ry HLwnphrey have be UTh1, arKI so the thiTrJ5 that could th for The PCC b pleas ty ththr fw. We are enormou5ty gratdul iv brKla FDstLY, arKI R(thrt Mingay Smrth between them have organ15eJ arn1 leo tyJr ¥¥eekty v•xslM"p ether by Zrn or m person wth Z availillty. Thw haw& a0 ke0 ts chwth cywt viat4e ttrffough thffKuk Ats surwsng diffi$ ¥+th tr¢ Ffc a bro•JbaTha C1)0(10n ar the thurch, A grant from Cl5 has enabled PCC IL) and beglri to evèlu a ¢JetalloJ catrbjue apprassal rf1nery that Was darwal arKI removed after the 1988 fre. The PCC hope5 to be to tske f¢Jrward a project fty rn#atsment ar•Y restcfatson cl the Teredos, and to define Its rtsbs fv er it
sr MARY-AT-HXLL TRusfEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Chtjrchwarders AdmInIstrato5 Rwrt ThrOught 2021 tt Cobld paTrknic affe£ted we use the buildiThJ. A 5kle thapel %%ps created to allow space for pr5vate wayer. Th ha5 kept as an area of trarlI11ty aryj for MoThlay hJrKh4iwne 5ervKe5 of Trk)ming Prayer. In sq)ternb 2020 were again perniittèj to tske lethngs and of cAJr re91Aw ct•irs - Constsnza Lcth City VoKes - ba(. West Erxj Musical decid& n( to return, arml their pl was filké by London SymptrM)ry Cmrus. cthef r8Jular users hkne back arrfl we a delighted to have them bèck. Routine Malnlwn ha5 contiThul. Repaks wrfe m•Je to the folkwiw a wl¥th saw the bc"r of lon a week.The ¥estry wa5 redeted and pirture5, taken by the intem, Leah Moses, have been framed up in the rlor. The ve wert wi December a tenpJary page was created by Ke¥#i M. Thi5 will be reLggned in the new yew. Nlcki Lewis Admwiistr&(Y Music Report MornirvJ Wer has twi hekl lne the start of Ihe pJlernit ond until the of ju 2021. We retwna to ifvpewjn serbi in September 2021 1th organ music dnd hymn for our weekfy fvyr)ThJ Prayw cr r)nthlY Eu(harisL Due to the pandemi4 al ow ccrKerts wa)t online promded by Seraiwn. Ow final line crmcert vias in Y3rth 2021. In ly, we cdebraw ow fwst ITr-pern concert at which Seraphim n9 a comt4nab. of mugc heard c4)IN)e aThl a ne piece vrtitten ty our pxt4n- resIdee, Stela Davis, in colkborabon with comwjwknlresv Wilson. The Sware M¥e Music retumed in.person in October 2021. Robert r.smIth DiTettor of ML6
IARY-AT411LL TRusfEES REPORT FOR THE YEAR EPIDED 31 DECEMBER 2021 Steerln9 Gnwp and PCC Steering met Zoom 2021. of Michael Wefbank meart that MernblP d the gr(NJp has been dimini and his valuabk c0ntrbJbC over the past years is very much missed. The Area Dean, Katherine Heddedy repCe CwN)a Graham a5 representative for the di¢xese. Hwjh Harri w(xluced tre final rwrt and catalDgue ol the stored Joirery. Tr next to vth txrt new staternerts of signiftaKe and need in the Itgm of the report. Further work on o11 proj was p)ssible due to C(Nid restricti5. grant proFcts (see separate fEPJt) arTangrnts fDr worthy whKh contin1 Zoom for most of the year. In Septemtrxy. the thurch rec¥)1 fry a Week 5errfice on Momir¥J Prayer and both fish Harvest Festpial servi and the an[ CJOI sovi ebrats,0s retumed to tr church &11rdj. Lcthng aw. we trIyate dow M)rking with our eMb)urS All Halk)V ty the Tw arnl St Margart tte}$ arnj the exatiThJ pr05pett L the apwntmert Mary-at-HiU. PCC Secretary culre R•tovery Fund Grart The cultu Reowery Grant Vlas awarded in 5eptw)ber 2030 and the carried out durin9 the ewly part of 2021. The award ena14e(1 us to cary fonvèrd kJrrfJ4andlng Joinery irNestigatk)n woject as as the xld ir6tslktx)n d an eXhiltI7n.FaTth, fire arKJ Fish. telling the Story of St Mary-at-Hil. carrtd Thjt dekiloj quaitstive rtsearch wtth regular users. visitors and tAJ9Se5 to ojt IKJW tfv wished to use the d)urch in the future. This wil inf¢)m deci5K)ns that the PCC make with tr new as95tsnt IXI hthen apinty. We a extr gr*efiA for ttE oppJtunibe5 afforded to U5 the granL By coveriThJ our overhd5 for Thre mcffjtts tre grant heted ow fi)?1 Vbats"lity.
sr 14ARY-AT-HILL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 nanc• R•wrt (Xjr finarKial status continued to inwrrNe in 2021, partty due to the relpt r sec(whJ halF of the Culture Recovery Fu1 grdnt (£60.750). a&) the conbnuing irKrea5e In the $h rates ILV from £55,271 In 2020 to £71,686 in 2021) * the steady r&eipl crf leiiirys inc{E [£28.0 this year despts the contr"ThJing chalw of Cowd). Other income was slightly down ain - maiity due to the lack of'irpperson, semces lor much (l the year - so totsl income was sightty down from £175,100 to £175,040. Total expendlture at £L84,661 was rowJW dcwNe that of the prerflous year, largely beuSe ¥t the remainder of the Cukure RLtovery FufKI grt ff) 2021 WdlKHJS propcts for whlch rt had be gr (half receival in 2020). We again paid a reduTrd Common FurKI c0ntribthjL. tlwjh the rnymal lerfd (£38,CIKI, rbjt £20.000 viiH be p3•J this year). Tfre overal result has been a surplus d E29.276 #1 urrtricted finjs ar¥J a cl É38,897 in re5tntted funds. Havlro rdeased of the de99nation5 last year as we we ur6uo of the overall outccffje, we are pSed to r&J&#Jrwte £27,046 making the total desIgnafi5 proFcts in the near future SCAne £80,480, as detaikd in note l5 to the aCCnIS. Tr undesignknl, gwval fLr•J starmls at an impres57ve £95,762, thCKj it 15 quite liw to show a deftft in 2022. Our total assds have nÈwer t•1 gr83ter, t do have a nunts of prDpcts, notabty fo deal with the pnery, which are far from lirnJ cOvd by desigr•ated oi restrLted fd5. We are very trfUl to the many In the Y4tK) have Tr3xI r&es, and atso to Lufvran corwjregation wts) have use of chuich on Sunddys and provmje a mai contributron to our W"ng irK¢yrE Some of our ottw rewlar hirets are not yet bad( to regLlar actimty and V+ value gready wr partsh adffdnlstratorfs work, rmx least In getts.ng rrore 'on off lets thon we have hay Wce. We also rec(Jnise the wrrfio.al giwr8 of a small number of our supporters. mo& of wM a members and suprorters of tho'r 'Sunday' chur(he& John Hughesdon Treasurer Reserves policy The PCC'S untricted fvr#Js at 31 Decemtw 2021 were £176.242 (2020 - £120,003) ofwhith É80,480 (2020- £53,434) was desFgnated at that date, as n¢ted the. knving £95.762 (2020 - £66,569> In Genal Fund. This is equwaknt to over 6 rrKJnths of recuIng 'normal' expenditure. The PCC'S cwrert target is to hdd a cneral Fund equlvant to 6 rnnths, exFenditufe. havirs de* with the wtstaNlirrfJ woterty maintthantr issues that are r tacklin9.
sr MARY-AT-HILL TRusfEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Conduslon: As and Ferhaps this year, ¥¥e appreciate the wmlwread suprort for Ouf CtKJrch, frcffj (gar#satI)r6 aTrJ individua15, but a19) our loving heaventy Father. As tr Covhl crosls tk hold. aTrJ wc4Jressed. E coukj not envlsJJe STATEMENT OF TRusfEES' RESPONSIBILrrIE5 trLte¢S are respSIt4C for preparin9 the Rewt of the Trustees and the financFal 5taterrents in accrdarre with KJpl1cab Unrtd KwJL)n Accountin9 &aNlards (Unlted K]ngdom Generdlly Accepted Accounting Prxtke). The law apP1kab to djarities in ar•Y Ws. tre (Trorities Att 2011, Charlty (knnts Rep)its) RegUlablS 2008 and the provisKy)s d the tntst ruIreS the trte to wepare financial statellMts for eth finanaal year that a rrue and fair eW the state Qf affairs of chanty and of the incoring rewrces awkatKJn of rèscKJrces, Indling eXpdILUre. of tharity for ihat kViCMI. In pryiTrJ th)se financial SGernts tt truees are required to: sel&ri gitable xcoJntsng afx1 then th&n c(Ktsstently; . ot>ser4e the methcth pipleS in the Chanty SC¥iP . me Judwts arrfl crtirWj estlrThites th& reas(Thble arKI prepare the finala1 statements on the g)ir#J ct¢thn basis t Is inappropriate to presume that the charity will cortinue in b&$. reasorpbk accurw at any tune the finaThial mion of tr tharlty aThY to enable them to engJre that the finarKial ststennts (xjmpty wrth the Owif*s Art 2011, tr (hm (Accounts and RepcKts) Regulati)ns 2008 the trust Tly are also resP1b for safegu the the chartty arKI heKe fLY tskn'rKJ reas(Kwble Steps fvr the preve[ and detrftson of froud and Irreg¥les. Awroved ty ¢xder of the board of tnjsrees cn .....-.......................................aTrJ sned on Its behaw ty: ', John Hughegth J
REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF sr MARY-AT-HILL FOR THE YEAR ENDED 31 DECEMBER 2021 We aulrteil finarKir4 stotsmemts rf St mary4•11 Ithe 'chaTr the year erth 31 Decunbw 2021, whch compnse tpE Stat[ Actmbes, the 8alaFKe Slkiet and note5 to the finan1 statenrty a summary of sKJnificant aCcCrbkn3 pvlaes. financi reFortin9 frameth that ha5 been in ttir weparnb'Ji is arptscab I• and Un,'ted Cirqdom Accountsng andard5, ind(M4,n9 FIn[4 RpFxkn'rwJ Starthrd 107 Tr FinaK$31 ReJMtwvJ andard apIlab in the UK and Rwbk of Irdand. (Urated Gewafv factKc). In our op(Tron flnandal ststwnwts: gNe a tw ar&1 tar cé tre stats d the Ch affars as at 31 Deomber 2021 its Prbaice,. ha been pwrql In acccx(1an the kt 20II. af Op10 We condLKted our audtt kn accordm Intwrotwl siandads t)n AjTrJ (UK) (IS4s {UKII and 8rfJlèblp. kw. CMJr rNpornthliti"es urmlw tkn¥. ¢&andards a described t Audrtorfs Tcf ttrE a(xJ of the IlnèrKW 5Kttcn of our parL We a IrK1ependent rf tlty in aCctrdae the ethul reqrenrts that 2re rdev3nt to wr aud finEI Statwnert5 Ul FRCS Ethtal Stsndaro. arn1 have lulfiled our other ethl(al reSponbIlItIeS In (Ordan wirwert& We bele that the evlderxe we h Is Tr1ent aThY ajyoprtare to KYO7lde a ¢ur ok4n1. In mIrg the flnandal stsrernents, we ha CS)1(1ed that the Intstee< Lse the gcirwj Conffn work we Ikive wforw. htye Kkntfftd any material relatry to c(lti(S W iFKINUalY or cc1vy, may cast significant doJbr the oharws atr41ty trlconb"nt as a wn9 far a perK#J ofat wt Nyefve Mtsrrt from the ffinar1 Statents re athyised for in tr relnt secbms cl this repowL The cther informatson cijmpnses the infcYmatKn irKkMd In the annual Tel. ther th¥. the finaTri41 any ftrm of I10ft coll&1)n therem. .
¢Xr re5ponsit¥fity 15 to read other irfclrnaticm aThJ. in dTh) 9), c51[ the Olh infOrMatn s matenalty InC0Stent ¥th the finarKsal ststernents knowledge obtained In the CQW5c ol the wdrt or othuwi5c apar5 to be matenalty mis. If wc cnDfy swh mater tr$tent ty arparwt matenal Matert we ¥e reQred to detemyne whettrw there t5 a at01 misststem(y)t in the slatements rnSe Jt, based we have tts rep(rt fart. Plattws on whlth we are requlred to iewt by exceptlon We have rthing to repxt m res the fdkhM"rrfJ rtterS in rat towhth the I)arrt$ IP<cwts J Repyts) Regjlaikns 2(M)8 rewtre us to rep to rf. in our opinic. the infuMati gNen in fiftaih) ststements 15 iKM5iEnt in any Mate¥1 respett Mth tt tru5tOE5' ryrt.. or gfftient ac(cnrj rdS have not Itr kept; or the financial statrts are agTEemert with aoxrtirv4 rEcryd5; or e have nut recad 11 tr mftymartsi aThJ expk3naDMs requrt fty autht. As expkined fuly Truslees. &aiement set Cl ffi p¥R 8. the Tr&siee5 are r¥¥mgbk for the pwaratn fifiaal Slatsmts aThJ fty Lirg satssfil that th gl¥e a true and fak view, arnl for sh irternal £(trol as the tru&tees ¢knmme is neLEssary io enatde the parali¢Jn of fina131 Statts that are rnsStaterr. whethw due to fraud or In preparfrq Ihe siatemenrs, rrustees are reSrale for asgng tr charliys atrlity to continue as a gcxr#J dtscb)&ng. as aprAKatrAe, matters rdared to Crrn ung Ccern tia95 dK£otirJ IrJ5tee5 either inteTrJ to IVIlate the company cff to cease (Vrati. Cf have realistic bjt io do SO. Audltorf$ raponbIllue lorthe d(t olthe IIMThd•l tm We have been aNx¥nted a5 WKAtor 5ertK)n 144 L Clw'tJe5 Art 2011 •¥1 repxt in Chjf obJEth a lo (thln leasL 4aS5wethe aixA wlkn finBndd statnts as a vrflKJle are free {natal misststemerL wt*ther to frydl tr exrty. tro L$ an auditL5 ierort thar (luth OUT oF#"nn. Rea¥¥ble awrartr is a hKJh ltrtl of ewan. but is a gUartee that an coTr#uaed In accordan l&ls (UQ wll ak¥•s detect a mattha ffltssiateW It tsts. Mrsstatemerts arise from ¢X errtr and tre ccfftsidered matlJI If. 1ndMdUa or in the agjregate, could be exrecknj to infkwce the ectywmK deo"swG ol vsws taken on the hass of these finarKial staternw io
IrrgJu1aes, Inchr& fr1, ao wlth law a$ regulatro We deshjn of IrregLd¥Styes. iruL1[j fr&J. Tr ertem to h ¢apat Of rregutsrits, irbh'rrfJ frnud is deta1& behw. gnfficance. We gaNd LYKr51arKlirwJ of lThi ttye chaty LTInd vAth 15 1 and re•knt 5u•'bility tD Matla4 mi55titement aTrJ h¢M may {Kr. conthadons Irrf$1J A further tsport of our re¥¥ywbdth5 tt fir47ncial slatements is lOted on the Fknanci4 Repxtjng co,$ wetfyte OL part rf our audW5 rep¢xL olth• r•port [ACcnts aTrl Re)Nts) Re9ld&S 2C8. work has urxlwtaken, w that ¥¥e Mfj state to tr cNart<s treeS th¢xe mattets are reouwed to state to tlvn In 0j5 rewrt and r) ther wrF4)se. To the extent pemrtted law, do èwjme resFKMsts to 0r than tl tharty aThJ tl chW5 trtee5 as a L. fLY cw JJdrt w, for this repxt Chartued AccOurtts aryj RegiAered 65 Lea*nh)11 Street 2511012022
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sr P4ARY-AT-MILL BALANCE SHEET AS AT 31 DECEMBai 2021 2021 2020 FIXED ASSETS "xèj assets 1,972 io 19.591 18,2111 Delknrs and prepaymemts Cash at bank 4.031 233,403 Is.000 232.209 237 437 247 LTABILMES: Cr one J2 {4.160) (5297) 233.277 241.912 TOTAL NEf ASSErs TOTAL A114DS OF THE QIARfTY Re#ricted Funds Enth¥ent Fu DeYared Furds 15 58.021 18,fOS 123.881 16,269 53,434 66,569 95,762 TOTAL FUNDS The tKc(#YpanWry rt)te5 ale intwal part d this b31aKe IInala1 stsiements v¥we try the &)èrd rf Trvsiees ( Iwe *5 Lxtkilf I¥: 13
sr 14ARY-AT-HILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 I. ACCOUNTING POLICZE&. a) The final1 statsments 0¢ fv tharly, lKh is a trdrt trtY FRS 102, bew ep•e0 in Kciydance wth the Charits SOPP (FRS 1021 'AcawnknJ aKI Ryxtiry by fvilies." Statement of RecommerKJed PrtictrÈ to prep8fiThJ their aco)unts tn t(¥da with ¢1 finanoal rtiro Statmlanl In U UK &1 Repwilk d Ireland (FRS 102) {effts l Jarwy 20191,, fiffjnoal Re)rth Stwth 10?'The Fnartial Rryvlif¥J 5t&rYJard awlcable in the UK and RepJ>lir of IrelarKJ and the 0t Act 2011. fwwcial statEffl have preparEd the histon.cal cost trmvenbon, tth the exce0# of inStnts are IrKIje# at markd walue, as MIIfi b the revaknbll( d (stan assel The truste consmkn thal ttre we no rnaiwial erta alvjt ts ttwrtys ab.lty to (tInue as a aTrtsrd 102 prepared d ofcash FkbY Ib) FvThlacLxLvkniw urtrtt8y ndS rewewt the fiJnd5 of PCC that a Thx subjett to any restrbrtth rrdi theT Use ar¥J are avadabk fcy thE gerrral purptse5 (Jf PCQ FU15 deswwted for a parlar purpwe bv the PCC are a150 unre5tn.de Kl rethcllons a In Note 15. Permanent Endcrt¥mt ftwK1s fu15 to tr trority to be h&J as captal, wthDui pol to cunvwt wtal tD incLf, and reFet the thIVal glfts irtreases and detrease5. ix)th reallsed and Unal$ed, In ts vakne cl tr Inc gra by the Ca"tal is released to the Vckntary hcon . twted serwce5 faabts are Ir#gu¢kd & tr vak to trt whEre thi5 can ts quanb"fi&l. • Colle(ts"(xs a rnIsl when retsw by ¢Y M tetsif of the FCC. . Plwal gthng LW)dtr Grft Aid 15 fEcwwI cnty véthen recEhd. . Tax recowth M Gift d¢yatsons LS reC¢gnI ¢(Thiti 15 r()rISed. . fyants and lega0 to the KC are Counted for as s(x)n as the PCC is of,ts legal entlemen¢ the rnt Que rs quanffvtsk ukimate rcccipt ty the 5fC is reaSCrfY rt31ft. . InccNne frorn fiJndrai5frtJ and gffilar wts is accounted for 9rc65. . Interest enbknEnts a accounted ts on an acc1$ bay5. Tax rxiyffibk cn such irttme Is re¢ow¢ed In ihe same K£ourti yetr. 14
ST MARY-AT-HILL NOTES TO ThE FINANCIAL STATEMEiifs {continwd) FOR THE YEAR ENDED 31 DECEMBER 2021 (d) Re exwk Lialxlits ère weccyrised as eywxlLe as 9XYt as thwe is a committi the charity to that extur it is that a transfer d eccffjcr4c t>enefits wim te requK&J in seltjemert èThJ armjni d Ihe can nw9Jied relowy. ExpditUre Includes any VAT vknlch cannct be fvly recoEd ar is rekKXted a5 Part of the •re lo whith it rElatss. all costs rElated to the otegory. Ie ccsts dwtxtfy aitributed lo partxuL31 h8adrnys they ave been alkxared to aCtiV"e5 m a basis cngste vth the of rey)wce5. &ernance costs are h)dwJed wrthin these c( •rvJ indu(k attltsJk to the tharty5 (anCE wrth 0)nstrtj0nl and staiL'W requlrements, Includlry aul, In. rneettrgs and rdmlyrnd experw. Grar and donauons a accourthi WI pakl ovtt, wfn awarded, ff thx award cteS a 'ndirrfJ (gatY on L KC. The thctesan parish share t5 47croJnw ¢k (e) frykWe fixedassets anYbffjreoalYcn Tangibk Tixc¥J assets are strted at cost bess Deweoath)n ts kYo¥IW al rates calculd to wnre off the cost of fixed assets. less thew estimated residual value. th•r ex usdul INes o the folkn¥in9 basi5. Computer 3 yea The tharitr only has firnaal assrts and lbi1t$ of a knno that quah.fy 35 bag"c firwinoa SIn11rlts, trOing rts debtors and tyedrtS. T1 a Inty rewised at tranwlJ value SubSeqnIty valued at their settmert val. Yxmts to the KC at 31 Iknrthr in respert of fees rents w (Jther are slxyMI as debtors k5S txoyision aThthrs thal mèy r¥ove uncolltttatAe. Cash arJ cash equivalents corr¢)ri5e Cash in hand èrk1 othe¥ highty liqiwd Inrtents trot are read.tty corNerbble to a kJn arnourt cl ¢tssh aFxI ort sthjert to Insffjrifiunt nsk of rtnge in vèkt. (gl ln¥esbtsth Invthents are initKally rec(NJn¥sed at ther trsaCOn Wae and SubqntlY measured at their Fair vakne as at the ban sheet dale t1 ¢Wed market wce. Gain5 h)5se5 or, dispo1$ reValuab0r we In ts stateMt ol FnafKial ktr%its arJ to tr* funds to whi¢h they rele. (h) fa¥atA chaiity is exemtt ftom tsx (m its dwitth arthities. In preparing the findfKidl Sldtemts tt o we55ary to make (e• Judgements, e51imates dwxl èssumsth)s thèl rKowi5ed In fintir(wl ttenTrts. In the view of TreeS there are no wgnrfKant Jud9eiwts. e5bmJtth dnL1 iVJsityN)ns
sr P4ARY-AT-HILL NOTES TO THE FINANCIAL sfATEMErifs (contlnued) FOR ThE YEAR ENDED 31 DECEMBER 2021 DONATIONS AND LEGACIES Unrestrirted Total fvnds 2021 Totsl 2020 lynds Its fAJ.750 3,755 64,XJ5 J.552 Le9acy 75.750 570 3,802 79,552 tknalion5 3. Acnvmts FOR GENERATIIIG FUPIDS QTIIER CHARITABLE ACTlVtTZES Churth rntc 71.686 71.686 55,271 320 COSTS OV 6t11TING FUP4DS
sr MARY.AT.HILL NOTES TO THE FINANCZAL STATEMEpifs (ojntinued) FOR ThE YEAR ENDED 31 DECEMBER 2021 filnds fvnds 2021 2020 Covid rKovery Ilml Commcfft lund aeaning Mu EmpbwivJ c(6ts Ckners and Ott musicmns Organ ar4J Maint{¢ grt. heat etc es arxl eVt exnseS 82.940 io.( I95 82,940 20,0fy) 4.277 16,530 2,924 2.682 8,IC 3,230 1,324 8.106 3.230 1,324 2,449 6,350 2,146 J,oss 955 1.642 1,290 A(kninistration Empknymcnt costs 29.615 29.615 24.880 Ccmmunicab(Y Cther athinrstr'm SuThIrs Works (kn Wooj stLY&)e 567 1.537 567 654 2,443 219 72C Car Sundry Atr's fee Auditorfs fee- year tWe(kition 5.297 2,760 {3001 2.820 U20 ljhef - a55i5tsrt 183 210 COMPARA TJYE fE4R 2010 2021 2020 and salarlas SocLIl security costs Pen cortrltAthns 41.139 223 2,267 27.137 I74 2,219 Tolal recetstd enMe?ts of £fli,WJ dTrA the ye¥ <2020.. n•). The avera9e number ol emgthwes ckjrry w•$ as Chartse attN*ies
sr MARY-AT-HILL NOTES TO TNE FINANCIAL STATEMENTS (contlnuedl FOR THE YEAR ENDED 31 DECEMBER 2021 8. TRUSTEES ReMUNeRAllON AND ÉXPENSES eyr$ w4ere to any truslee5 (X)20: nKI. Foer wa5 PaKI £4.Krf> (2020: E4AX)) in rekJtKwh to fee5. Tr Dertor of Music. RO MirwJay.&n6ty was aso a the C(#KKI ¥Yas p&J remLmernts'on tctsmry E8,106. No oltr trustee txtr F1 kled to (tsrty ld interest ctraCt or transxliLm ¢0 dwity (knTrJ tt yea12020: Th11. 9 TANGIBLE FIXED ASSErs 2•21 2020 At l January 2021 AdditsOtLS At 31 cTter 2021 2,958 At l Jènuary 2021 Chargc for the year At 31 Decernr 2021 986 Net book v•1 t 31 DemtreT 10. Ir4VEsfMEIITS 2021 20X• Mwket Va èt l JaNiry 2021 Adrtftiorts at tost 16,269 15,216 Urffealised 9()) Mket at 31 Decerrkn 2021 11. DE•TORS 2021 21120 2.525 rakl Is
sr MARY-AT-MILL NOTES TO ThE Fzf4ANCIAL STATEMENTS (u•ntinued) FOR TrIE YEAR ENDED 31 DECEMBER 2021 12. CREDrroAs 2021 2020 1.617 4,160 Tcknl 13. SPUT OF ASSETS BETWEEN FUNDS at 31" De¢ 2021 2021 Fixed Assets Net Lurrent assets 58,021 193,861 25182 Net Tcal 194 252 SPL OF ASSETS OETWEEM FUIIDS at 31SV Dec 2020 1.972 134,300 1.972 258,181 Net Awts 123381 Net Totsl Asses 14. OPEAAYif4G LeAsE COMMrrMEpirs trlity has llo minimum le paymeras unts n(melat cgtsab"TrJ I5 (2020: ÉNIL). 19
ST MARY-AT-HILL NOTES TO THE FINANCIAL STATEMEPTrJ (contlnued) FQR THE YEAR ENDED 31 DECEMBER 2021 15. MOVEMENTS ZN FUNDS At l Jan Incomè Exp•MlilMre Trnnsfers Galnsl{ltststs} At 31 2021 2021 RMtrirted ndS Prw and bleS Rertorf5 exr*nses Flrst course ]ect Covid Recovtty Furn HistorK Wcmilwork Pr¢Jiect 2,2 1,722 274 50,993 53.686 I5.10 ?,?( 3.310 274 52,231 35) 1.235 1,238 (I(KJJAx)) (14,436> (15,(KlO) 60.750 Trkal restrirted ftmds $8,021 IndOnt fvnd: Rectr<s 0"Qnoted fiJrKIs (Ck$. exttrity <knr ond hOra4 Elettnc works Long term mairterh 42.784 10.650 45,830 10,650 14,ODO 10,0 14.C io,coo Totsl otsnated Funts Gemal fund 113 937 83 Tc¢al fwrfls
ST MARY-AT-MILL NOTES TO THE FINANCIAL sfATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECÉMBER 2021 Prdyv I¥1. Morley rawj to akl the wrthase of prw tootrs and bs. ReLtrs ex. r¥sed to cor the Rectorfs e¥kMses as L%nl currcrtly a ReLtor. the fu1$ a Carr f(Thard. axlLYKu5e. Estatilthd In 2014 4ttten tr chLxts) ran a ttr$e fv the oty ¥¥1$. to be on fLrtUTe (c1$e$. coReOVery Furx grant Irom LKMS Hge Lottery Fund to suprort henta9e organr5ations and th(6e re¥rybsible fry listed Ljuldrys dwtrr pondemK. Transfers from Ctsvxl and the Hi5torK W(y>kn woject to rl General Fund durry the year we to [eIrurse c?1 Fur exrtUre trKurred on LEh4f Lrf those restrlLted fu in the ecedinq ye3r. At I Income ExPthre Transf•s Gai0s1{10sses) 2020 At31 2020 Rertrfcted funds Prayer books arKJ b¢bles Rect.5 expa)se5 Fr5t old (ourse Restroatson Poject Cow'd Reo)very FUNI 2,2 1.722 274 48.423 2,206 1,722 274 50,933 53,686 15.(KJO (7,W) 15,( Totsl reStrd 625 Endowm•it fvf¥l: Rectorfs fund Unmtrirted Funds De>wated fund5 - exterior a5S Elw hathjrnl North Dcor St 42.784 10,650 42.?84 10.650 120,M)I Toral Deswted FuS Genenl fund 21