PHtLBEACH GARDENS EARtS COURT KENStNGTON
LONDON SW5 9EB
OF THE PAROCHIAL CFfuRCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2022
1182543
The Clergy House
50 Phjlbeach Gardens
tnndon SW5 9EB
Bamkers
National Westminster Bank Ple
&)uth Kensington Station Branch
18 Cromwell Place
London SW7 2LB
]nde
dent Examiner
M B Boydell FCA
Boydell & Co
Chartered Accountants
146B Chiswick High Road
London
W4 IPU

THE PARISH CHURCH OF sr curHBERT WtTH ST MArrHIAS
REPORT OF THE PAR(ThtAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2022
A registered charity (number 1182543), bong part OE the Chureh of Englamd in the Dic￿eSe of London,
Kensington Episcopal Area, Archdeaconry of Middlesex. The Parish is under the Pastoral Jurisdiction of
the Bishop of Fulham under the London Plan and" Alternative Episcopal Oversight" was Tequested on
5th MaTch 2017.
The Parochial Chureh Counal presents its Annual Report with the finanaal statements for the year
ended 31 Docember 2022.
PRINCIPAL ACTIVITY
St Cuthberfs PCC has the responsibility of ccpoperaling w>th the Vicar. in promoting in the ecclesia.stical
paTish the whole mission OE the th￿Ch, pastoraL evangelistic. s(xial and ecumenical. It also has
responsibilities for the maintenance and upkeep of the buildings and contents of the Church and The
Philbeach Halls complex.
MEMBERS
RUSTEES
Members of the PCC are either ex-officio. C￿oPted or elected by the Annuaj Parochial Church Meeting
in accordance with the Church Representation Rules. The last AFCM was held on 08 May 2022 and
durins the calendar year 2022 the following served as members of the KC.
Ex-officio members
Vicar..
Churchwardens..
The Reverend Paul Bagott
Prof. N J B Green
MT P A Hills
Deanery Synod Representative:
Mrs E Gomez
(Chairntsn)
(also Hon. Treasurer)
Elected members
Mr B Troop
Mr B E Parsons
MrPkntt
MTS N Faddul
Mrs J P Llewellyn
Ms G Nichols
Mr R Drake
(PCC secretary)
(elected Ilth Cktober 2020)
(elected 16th April 2021)
( elected 8th May 2(Y22)

THE PARISH CHURCH OF ST CUTHBERT WTfH sr MATfHIAS
REPORT OF THE PARCThIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DE￿MBER 2022
COMMITTEES
The PCC also operates through three conimittees which meet between its full meetings.
THE STANDING cO￿￿￿E
This is the only conimittee requiied by law. It has the power to transact the business of the PCC
between the meelings thereof subj'ect to any directioThs ￿Ven by the Council.
MTSSION AND OUTREACH COMMITfEE
The committee members attend to the ministy of the parish church to the local community of Earls
Court and see.ks ways of Teaching out to people by distributing leartets to homes and hote15 advertising
the major festival services OE Easter, and Christnias. Also the members see to the matter of welcoming
newcomers to Church services and anange for all members of the congregation to be invited to
refreshments after the sung services on Sundays and n￿)0r festivaIs.
MUSIC AND UTURGY COMMrrrEE
The ConuDittee members under the direction of the Vicar discuss Musical and LitUTgical matters relating
to Church Services throughout the year and what As required of the Director of music, the organist and
choir.
REVIEW OF THE YEAR
The full PCC met six times during the calendar year 2022 when reports were Teceived from the Vicar,
Churchwardens and the Hon Treasurer. Reports were also received on the matters of the Church
Primary School and Chelsea Deanery Synod.
CHURCH ATTENDANCE
There were 118 members on the electoral roll as at 31 March 2022 of whom 49 were resident in thèparish
(42%) and 69 were non-resident {58%). The usual Sunday congregations numbered around 55 but larger
numbers attended the ￿￿50T festt.vals tILroughout the year. There were two deaths during the year.
The weekly attEndance has begun to improve since the period of lockdown and there is a steady increase
of new and regular members attending. The Church Services continue to be live streamed attracting
some 100/150 on-h'ne attendees.

THE PARISH CHURCH OF ST cirrHBERT wfrH ￿ MATTHtAS
REPORT OF THE PARCKHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2022
coNrNuED
FNANCIAL RESULTS FOR 2022
For the yeat ended 31st December 2022 there w&8 a Defiot of £413 made up of a deficit of £263 on the
unrestricted fund and a deficit of V_50 on the restricted (Church Restoration) fund.
RISK MANAGEME
The trustees continue to monitor the risks to which the Churdi and the Philbeach Halls are oxposed and
mitigate these risks with appropriate policies and practices. parttcularly in relation to the safeguarding
of Lliildren & Vulnerable Adults, Premises and Cash.
RESERVES POLICY
The unrestricted reserves at 31 December 2022 were £ 85,919 (excluding the Ithilbeach Halls freehold
property which is tncluded in the accounts at a valuation of £ 5.425O16).
It is PCC policy to niaintain a balance on free reserves of at least 3 months unrestricted expenditure
which i.q e.qtimated at around £50,(KM). More work needs to be done to n￿Ints1n this level and this is now
a priority for the Trustees.
THE CHURCH sCH￿L
The Vicar És an ex officio Governor of St Cuthbert with St Matthias ChuTch of England Primary &hool in
Warwick Road, Earls Court, and one other member of the PCC is also a Govemor. The PCC supports
the school in many ways and there is a very strong link between Church and ￿h0O1.
CHURCH RFSTORATION
FOr￿natelY. in 2021 the P￿ was able to repay the SLun of £15.LKiO off the loan of £ 35,(X)O to the Diocese
which was provided towards the renewal of the nave roof many years ago, and it is hoped that £10,000
annual repayments can conts.nue in future years until the loan is repaid in full. The Church boileT was
Tcplaced after Ihe major flooding in July. TheTe has been some other small items to be replaced and
repaired due to the flood. The organ was damaged in parts and we are still continuing these repairs.
,Some repaiT8 to the SME￿ spires at the Eastend of the Church were carried out by the Steepleiacks when
the Lighting Conductor was fixed.

REPORT OF THE PAR(KHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2022
CONTINUED
CHARrrABLE ACTIVITY
The PCC gtves some small grants through lent appeals, and other aCti￿ties. The f(￿S of support for
charities is through the availability of the Church preniises for community and chaTity fundraising. Thi5
has included support for Age UK Kensington, St Cuthberfs primary schooL ChTiStmas Carol Service for
St LazarLiS charity for leprosy, Christian Aid. Alcoholtcs Anonymous. The community of Sant Egidio,
St. Cuthberfs Centre. and Matys meals.
THE PHILBEACH HALLS TRUST
The Vicar and the PCC are joindy the administrative trustees of the Philbeach Halls Trust and they
manage the Ixiildin& receive the income and pay the expenses therefrom. This building provides an
important part of the ChuTch's mission to EaTIs Court and beyond by the letting out of the premises to
Registered ChaTities which offer much needed help to those suffering from illness. poverty and disttess.
St Cuthbert's Centre (Re￿'stered Charity Number 803638) is a Day Centre for the poor and homeless
providing inexpensive hot meals, advice and recreation etc., five days a week. The project, which
operates from the main Church HalL ori8inated in 1987 thanks to the vision OE Father Kirkpatrick,
who sadly died on 4th lanuary 2018.
Victim SLipport Kensington & Chelsea is a Registered Charity independent of the Church which
PTovide8 he.lp ana support for those people who are Victin￿ of cr1ll￿ within the Royal Borough. Its
counsellin8 roOn￿10f£Ices are situated in the Lower Phxlbeach Hall.
Rental income received from our property enabled a grant of £105,tm to be n￿de to the PCC in 2022 to
c.over tho shortfall of general income for the rUr￿Ing of St Cuthberfs Church . This continucd financial
holp is vital for the future of the parish church.
On beha]f of the Parochial Church Counol
The ReVer￿d Paul Ba
23 April 2023

THE PARISH CHURCH OF ￿ CLryHBERT wrfH sr MATfHtAS
RESPONSIBILTllES OF THE MEMBERS OF THE CHURCH COUNCIL
Charity Law requires the members of the Church Council to prepare financial statenients for each
finan(ial year which give a tNe and fair view of the state of athirs of the charity and of the Tesults for
that year. In preparing those finaTh(ial siatell￿1ts. the memiErs aTr required to:
select suitable aecotLThting poliaes and then apply them consistently.
make iudgements and estimates that are reasonable and prudettt;
comply with the applicable accounling standards subject to any niaterial departures disdosed and
explained in the finan￿ statements: and
prepare the financial statements on the going concern basis unless itis inappropriate to Presume that
the d]arity will continue in operation.

FOR IHE YEAR ENDED 31 DECEMBER 21)22
TOTAL FUNDS
Unrestricted Restrictsd TOTAL TOTAL
FunLts
Funds
2022
2021
2022
Notes
INCOMING RESOUR
Voluntary income
Other voluntary incomin8 resources
Income from thuTch activlties
Income from investtnents
2{a)
2(b)
2(c)
2(d)
39,923
IO73
40,996
55,670
2,500
130,777
131.735
13
131,735
18
TOTAL INCOMING RESOUR
171,671
IlJ78 171749
188,947
RESOURCFS EXPENDED
Raising funds
Church activities
3(a)
3(b)
In,¥J4
1228 IT3,162
I60￿84
TOTAL RESOURCES USED
In,934
1228 IT3,162
160584
NE[ INCOMING/(OLrrGOING)
RESOURCFS
TRANSFERS BEWEEN FUNDS
(263)
(150)
(413)
28?63
(263)
(150)
(413)
28
SURPLUS ARTSING ON THE REVALUATION
OF TANGIBLE FIXED ASSETS
11&5)
753594
753￿94
317,898
753231
50) 753181
346,261
BALANCFS BROUGFfT FORWARD
AT I IANUARY 2022
4,758.404
(71660) 4M5,744 4239,483
BALANCES cARR￿D FORWARD
AT 31 DECEMBER 2022
S￿11735
(T2FIO) 5.438,925 4h85,744
The notes on pages 8 to 13 fonn part of these accounts.

THE PAIiJSH CHURCH OF ST cufHBERT wrrHsf MATfFItAS
BALANCE SHEEr
AT 31 DECEMBER 2022
Notes
2022
2021
TANGtBLE FIXED ASS￿5
Freehold propety
&5)
5A25016
4fi72,222
CURIiENT ASSETS
Debtors
COIF deposit accounts
Cash at ba￿k
Cash in hand
(6)
8,130
1,900
28,033
200
1,919
23,696
38,263
LtABILrriES: AMOUNTS FALLING
DUE ￿THIN ONE YEAR
(25339)
(24,741)
NET CURRE￿ ASSEfs/(LIABILITIFS)
13,109
13.522
TOTAL ASSETS LESS LIABILITIES
5A38.925
4,685,744
NET AssFrs
£ 5.438,925
£ 4,685.744
FUNDS
Unrestiicted
Restricted
(8)
5511,735
r12£10)
4,758,404
(72,660)
£ 5.438,925
£ 4,685,744
Approved by the Parochial Church Council on 23 ApIil
2023 and signed on its behalf by
The Reverend Paul Ba
(ChaIrll￿)
PTOE. N J B Green (Churchwarden and
Honorary Treasurer)
The notes on pages 8 to 13 forni part 0£ these accounts.

NOTES TO THE FINANCIAL ￿ATEmE￿[S
FOR THE YEAR ENDED 31 DECEMBER I)22
AccouwfING POLTCIES
The financial 8tatements have been prepared in accordan￿ WAth the ￿llTch Accounting
Regulations 2006 together with applicable accounting stsThdards and the Charities SORP 2015.
The financial statements have ￿en prepared under the historical cost convention except for the
valuation of freehold property (the church halls) which is shown at the trusteeg valuation (based
on the insurance valuation at 31 D￿mber 2022).
The accounts include all tramsactions, assets and liabilities for which the PCC is responsible in law.
They do not include the accounts of church groups that owe theÉr nlain affiliation to another body
nor those that are informal gatheiings of church members.
Funds
Unrestricted funds represent the funds of the PCC that are notsubj.ect to any restrictions regar(lllig
their use and are avaiIable for application foT the general purposes of the FCC. Funds designated
for a particular purpose are restricted.
Incomin
Resources
Voluntary income and capital SOUTces.
Collections are recogTused when received by OT on behalf of the PCC.
Planned giving receivable under Gift Aid is recogni￿d only when received. Income t&Y
recoverable on Gift Aid donations and church co]lections is recognised when the income is
received. SaEes of goods and magazines from the church booklall are accounted for gross.
Other ordinary income
Rental income from the letting of church hall premises is rwised when the rental is due.
ncome from investinents
DivideThd5 and interest are accol￿tea foT when receivable. Tax Tecoverable on such ineome i8
recognised in the same accounting year.
Gain5 and losses on investments
Rea]ised gains or losses are recO￿lsea when investments are sold.
Unrealised gaiDS or losses are aecounted foT on revaluation of invesiments at 31 Decenther.
Resources used
Grants
Grants and di)nations are accounted for when paid over.
Activities directly relating to the work of the Church
The diocesan common fund quota is accounted for when due.

iu
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUFMNG POLICIFS
Continued
'bIe Fixed assets
Consecrated and benefiee propety is not induded in the aLtounts in accorda￿ with s.10(2){a)and
(cl of the Charities Act 2011.
No value is placed on movable church furnishings held by the churchwardens on special trust Eor
the PCC and whtch require a faC￿ty for disposal since the FCC considers this to be inalienable
propety. All expenditure jnciLrT￿ during the year on COns￿ated or benefice buildings and
movable church fumiskngs, whether D￿Intenatte or impTovement is written off as expenditure
in the SOFA and separately disclosed.
No cost inforniatiim is available for the church halls, so they are included at a deemed cost by the
trustees on 31 December 2022 (based on the insurance valuation .
Current assets
Amounts owing to the PCC at 31 December 2022 in respect of fees, rents or other income are
thown as debtors less provisi¢)n for amounts that may prove ￿ll￿)llectab1e.
INCOMING RESOURCES
Unrestricted Restrirted
Funds
Funds TOTAL TOTAL
2022
2022
2021
21a) Voluntary income
Planned giving..
Glft Aid
Tax recoverable
OtheT
ChuTth Collections
Donations and concert tskings
Hire of Church
LEgacy
I2￿66
4,137
192
5A57
5,919
11.152
12566
4,137
192
5,457
6,992
11,152
500
21103
8,497
317
3,708
7,940
10,105
3,000
39,923
40,996
55.670
2(b) Other voluntary incoming re80uxces
Grants
Fund Taising eV￿ts
2500
2500

io.
FOR THE YEAR ENDED 31 DECEMBER 2022
INCOMING RFSOURCES
Continued
Unrestrirted Restrirted
Funds
Fun¢ls TOTAL TOTAL
2022
2022
2022
2021
2(c) Income from church arti￿￿e8
Bookstall
Property iettings- (Rent & service charges)
Fees - funerals and weddings
131.206
529
131,206
529
I29￿74
1,203
131,735
131.735
130.T77
2{d) Income from investment8
Dividends and interest includJn8
any reclaimed tax
13
18
TOTAL INCOMING RESOUR
171,671
I￿8
172,749
188,947

ii.
THE PARISH CHURCH OF ST CUTHBERT W[￿ ST MATFHtAS
FOR THE YEAR ENDED 31 DECEMBER 2022
RESOUR￿ EXPENDED
UnrestriL*ed Restiicted
Funds TOTAL TOTAL
2022
2022
2021
2022
3(a) Rai8ing Funds:
Stewardship exper6es
3(b) Church aetiVAtAe8:
Donattons to charitsble organisations
Diocesan Common Fund
Clergy expenses
Incumbents working expenses
Upkeep of services
Repairs and maintenance
Choir fees
DiTertor OE musAC and organlsts, fees
Music expenses
Organ and piano tuning and repairs
Insuran￿ PTemiums
Flowers and decorations
600
30,000
45,0(K)
400
195
1.979
15.224
12,110
13,862
1,837
2,442
19,587
866
9375
3,375
606
2,682
2,192
445
1,843
3,978
964
54
18,610
4.103
4.252
10395
13,715
867
4A08
20264
1570
S￿9
4103
4252
10395
13,n5
867
4408
20264
1570
5259
7,978
418
3,770
2,684
541
1,251
4,750
1802
ElectrAaty
Water
Furniture and equipment
Refreshments and catering expenses
Travellins expenses
Council Tax
Clean3ng
Telephone
Advertisements
Administration
]ndependent examinerfs report and
accountancy fees
Bar& charges
]nterest on loan account
Legal and professional costs
Organ Restoration eXp￿eS
418
3.770
541
1251
IA02
13,933
23,933
6,104
525
6,104
525
453
5,898
511.
369
10,980
453
775
775
In,934
IT3,162
160.584
TOTAL RESOURCFS USED
£ in,934
£ 1,228 £ 173,162 £ I60￿84

12.
THE PARISH CHURCH OF ST CUTHBERT wfrH ST MATTHIAS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE IEAR ENDED 31 DE￿MBER 2022
TRUSTEFS EMOLUMENTS AND STAFF CCB15
No emoluments were paid to Trustees during the year and there were no related paty
transactions with any Trustees.
Gross salaries paid in 2022 were £27,625 (2021 £ Z7640) and s(Kial security costs were £ Nil
(2021 £ 723}.
No employee received remuneration amounting to more than £60,(KK).
TANGIBLE FIXED ASSETS
2022
2021
Freehold property.. (Church halls)
Deemed cost..
Balance at l January 2022
Surplus on revaluation
4.672,222
753594
4354,324
317,898
At 31 December 2022
£ 5,425,816
£ 4,672,222
DEBTORS
2022
2021
Income tax recoverable
Less; Adjustment 2020 Written off
12.633
8361
(231)
£12,633
£8,130
LIABILITtES.. AMOUNIS FALLING DUE WITHIN ONE YEAR
2022
2021
Sundry creditOTs/accrnals
Other creditors
Other creditOTs/loans
London Diocesan Fund
4,741
360
20,OCKJ
20,000
£ 25?39
£ 24,741

13.
coNrllquED
FOR THE YEAR ENDED 31 DECEMBER 2022
Fund movements:
Churth RestOTatson Fund
(Restricted Fund)
2022
2021
Balance at l January 2022
Incoming resources
Re80urces expended
(7￿0)
I￿78
228)
(90,289}
22,760
15,131)
Balance at 31 December 2022
£ {T2BIO)
£ {72,660)
sis of net asseL8 b fund:
Unrestrictsd
Re8triciEd
Funds
Total
2020
Tangible fixed assets (Freehold propety)
Current assets
Liabilities..
Due within one year- Diocesan and other loa
Loan from unrestrirted fund accoTmt
to restricted fund account re 2iJ)5
churth restoration commitment
5A25F16
28,419
5,425,816
5,050
33,469
(360)
(360)
(20,000) (20,0￿)
575NI
(s7￿00)
Fund balances
£ 5511,735
£172,810) £ 5,438,925

14.
INDEPENDENf EXAMINER'S REIVRT TO THE FAR(KHtAL CHURCH COUNCIL OF
THE PABJSH CHURCH OF ST C￿HBERT wfTH sr MA￿H[As
ered Chari
Number 1182543
This Teport on the accounts of the PCC for the year ended 31 December 2022, which are set out on pages
6 to 13. is in respect of an examination carrted out in accordance wlth the Church Accounttng
Regulations 2006 ("the Regulations") and s.145 of the Charities Act 2011 ("the 2011 Act").
Res
ective res
onsÉbilities of trustees and examiner
As members of the PCC you are Tesponsible for the Preparation of the accounts.. you c(msider that the
audit requirement of the Regulations and section 144(2) of the 2011 Act does not apply and that an
independent examination is needed.
It is my responsibility to:
exan)ine the accounts under section 145 OE the 2011 Act, and the Regulations:
to follow the procedures kn'd down in the general Directions ￿Ven by the Charity Commission under
section 145(5)(bl of the 20JI Act,. and
to state whether particular matters have come to my attention.
Basis of this re
orl
My examination was carried out in acrordarKe with the General DIreCtior￿ given by the Charity
Commission to be Eound in the Church guidance 2(K16 edition. That examination indudes a review OE
the accounting records kept by the PCC and a ￿mPariS0n of the accounts with those records. It also
includes considering any unusual items or disclosures in the accounts and seeking explanations from
you as trLiStees conceming such matters. The procedures undertaken do not provide all the evidence
that would be required in an audi¢ and consequently T do not express an audit opinion on the view
given by the accounts.
Inde
endent examinerfs statement
In connection with my examination. no matter has come to my attentio
) which gives me reasonable cause to believe thal in any material r&spect the requIr￿nts to keep
accounting Tecords in accordance with section 130 of the 2011 Act; and to prepare accounts which
accord with the accounting Tecords and to comply wlth the requirements of the Act and the
Resulations have not been met. or
to which, in my opinion, attention thould be drawn in order to enable a proper understanding of
the'accounts to be reached.
M B Boydell FCA
Boydell & Co
Chartered Accountants
146B Chiswick High Road
London
W4 2PU
2023

(JIARtrY OF THE REVD HENRYWEsfAtL FOR THE POOR
(Registered (]thrity no." 248IT2)
Tn￿tees. The Vicar and chUrchward￿ ofStCut]kn's ChuTch
ACCOUNfs FOR THE YEAR FNDED 31 DE(￿MBER 2022
For the year ended 31 December 2022
22
2021
Income
Dividends from investments
161
156
Re-valuation of investment as at 31 DeCern￿ 2022
(5621
enditure
Charitable disbursements
012)
IDeficit)/Surplus for the year
£ (674}
£935
BALAN￿ SFIEET
As at 31 December 2022
XJ22
2021
Acclunulated fund
Opening balance
IDefÉcit)/SuLplus for the year
8369
(674)
aosing balance
£ 7fj95
£ 8J69
Assets
Investment at valuatson
Cash at bank
5A13
2282
6,136
£ 7fj95
£ 8369
The investhient is 262 Income shares of the Central Board of Finance of the Church of England
tnvestment Fund. The market value at 31 Decejnber 2022 w&8 £5A1312021.. £6,136).
Approved
the Trustees on
and signed ontheirithlfby
The Reverend Paul Ba80tt- Trustee
Prof. N.I.B Green- Trustee

(Registered Ch￿lty No: 211274)
Tru8tees: The Vicar Churchwardens of St Cuthberfs Church
ACCOUW15 FOR THE YEAR ENDED 31 DECEMBER 2022
For the year ended 31 December 2022
2022
2021
tncome
Dividends from Investll￿nts
170
166
Re-valuation of investtnent as at 31 Decem￿ 2022
804
(580)
970
endlture
Charitable disbursements
(Defiat)/Surplus for the year
£ (580)
£970
BALAN￿ SHE
As at 31 December 2022
2022
2021
Accumulated Fund
Opening balance
(Defiat)/Swplus for the year
8,951
(580)
7,981
970
aosing balance
£82n
£ 8.951
Assets
Investment at valuation
Cash at bank
5,700
2,6n
6A50
2501
£8Jn
£ 8,951
The investment is 314.07 Income Units of the COIF Charities Investment Fund. The market
value at 31 December 2022 was £5.700 (2021: £6.450).
Approved
the Trustees on
and signed (n their i*halfby
Ll
The Reverend Paul
ott. Trnstee
Prof. N.J.B. Green
Trnstee