##
##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|5|
|Report ofthe Independent
Auditors|6|to|8|
|Statement of Financial Activities||||
|Statement of Financial Position||||
|Statement ofCash Flows||||
|Notes to the Statement of Cash Flows||12||
|Notes to the Financial Statements|13 to||22|
|Detailed Statement
of Financial Activities|23|to|24|
##
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##
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##
||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROII|||||||
|Donations
and legacies||2|1,139,832||1,139,832|801,328|
|Investment
income
Other income||3|24,782
159,371||24,782
159,371|45,028
126,589|
|Total|||1,323,985||1,323,985|972,945|
|EXPENDITURE ON
Raising funds|||12,527||12,527|20,641|
|Charitable
activities|||||||
|Church Expenses|||247,792||247,792|374,249|
|Donations
City Mission|||101,144
12,822||101,144
12,822|327,009
19,816|
|Papal Visit||||||6,600|
|Diocese of London expenses|||51,346||51,346||
|Convent Expenses
Refcemi expenses|||7,628
20,000||7,628
20,000||
|Other|||5,339||5,339|24,874|
|Total|||458,598||458,598|773,189|
|NET INCOIIE|||865,387||865,387|199,756|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward|||3,187,435||3,187,435|2,987,679|
|TOTAL FUNDS CARRIED FORWARD|||4,052,822||4,052,822|3,187,435|
##
||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|||Notes|E|E||E|
|FIXEDASSETS|||||||
|Tangible assets
Investment
property||11
12|4,182,815
411,011||4,182,815
411,011|3,275,193
411,011|
||||4,593,826||4,593,826|3,686,204|
|CURRENT ASSETS|||||||
|Debtors||13|109,487||109,487|152,351|
|Cash at bank and|in hand||904,513||904,513|632,265|
||||1,014,000||1,014,000|784,616|
|CREDITORS|||||||
|Amounts
falling due within one year||14|(159,306)||(159,306)|(83,812)|
|NET CURRENT ASSETS|||854,694||854,694|700,804|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||5,448,520||5,448,520|4,387,008|
|CREDITORS|||||||
|Amounts
falling due after more than one year||15|(1,389,448)||(1,389,448)|(1,199,573)|
|ACCRUALS AND|DEFERRED INCOIIIIE|17|(6,250)||(6,250)||
|NET ASSETS|||4,052,822||4,052,822|3,187,435|
|FUNDS
Unrestricted
funds||18|||4,052,822|3,187,435|
|TOTALFUNDS|||||4,052,822|3,187,435|
##
##
||||FOR T|HE YEAR ENDED|31 DECEIIBER2020||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
|||||Notes|||
|Cash flows from|operating||activities||||
|Cash generated
from operations|||||984,323|217,269|
|Interest paid|||||(29,700)|(45,843)|
|Net cash provided|by operating
activities||||954,623|171,426|
|Cash flows from|investing||activities||||
|Purchase oftangible
fixed assets|||||(922,282)|(10,732)|
|Interest received|||||32|28|
|Net cash used
in|investing|activities|||(922,250)|(10,704)|
|Cash flows from|financing||activities||||
|New loans
in year|||||250,000||
|Loan repayments|in year||||(10,125)|(31,075)|
|Net cash provided|by/(used||in) financing|activities|239,875|(31,075)|
|Change
in cash|and cash||equivalents||||
|in the reporting|period||||272,248|129,647|
|Cash and cash equivalents|||at the||||
|beginning
ofthe|reporting||period||632,265|502,618|
|Cash and cash equivalents|||at the end||||
|ofthe reporting|period||||904,513|632,265|
##
||||NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020|NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020|NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020|NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020|NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020|NOTES TO THE STATEIIENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEIIBER2020||
|---|---|---|---|---|---|---|---|---|---|
||RECONCILIATION||OF NET INCOIIE TO NET CASH FLOW FROII OPERATING ACTIVITIES|||||||
||||||||31.12.20|31.12.19||
||||||||F|||
||Net income for the||reporting||period (as per the Statement of|||||
||Financial Activities)||||||865,387|199,756||
||Adjustments
for:|||||||||
||Depreciation
charges||||||14,660||17,174|
||Interest received||||||(32)||(28)|
||Interest paid
Grant received for|additions||to|Fixtures||29,700||45,843
7,979|
||Decrease/(increase)||in debtors||||42,864||(66,404)|
||Increase
in creditors||||||31,744||12,949|
||Net cash provided||by operations||||984,323|217,269||
|2.|ANALYSIS OF CHANGES|||IN|NET DEBT|||||
||||||At|1.1.20|Cash flow|At|31.12.20|
|||||||E|F||E|
||Net cash|||||||||
||Cash at bank and|in|hand||632,265||272,248||904,513|
||||||632,265||272,248||904,513|
||Debt|||||||||
||Debts falling due within
1 year
Debts falling due after 1 year||||(56,000)
(1,199,573)||(50,000)
{189,875)|(106,000)
(1,389,448)||
||||||{1,255,573)||(239,875)|(1,495,448)||
||Total||||(623,308)||32,373|(590,935)||
##
##
##
##
##
##
##
##
##
##
##
||||31.12.20|31.12.19|
|---|---|---|---|---|
||||F|E|
|Donations|||1,013,886|724,142|
|Gift aid|||110,001|77,186|
|Grants|||15,945||
||||1,139,832|8Q1,328|
|Grants received,|included|in the above, are as follows:|||
||||31.12.20|31.12.19|
|||||E|
|Other grants|||15,945||
|INVESTMENT INCOME|||31.12.20|31.12.19|
||||E||
|Rents receivable|||24,75Q|45,000|
|Deposit account|interest||32|28|
||||24,782|45,028|
|RAISING FUNDS|||||
|RAISING DONATIONS||AND LEGACIES|31.12.20|31.12.19|
||||F||
|Telephone
& Internet
Postage and stationery
Sundries
Advertising
&promotional
Event Catering|||7,014
757
4,756|6,200
1,273
2,977
690
9,501|
||||12,527|20,641|
##
##
|5.|CHARITABLE ACTIVITIES COSTS||||||
|---|---|---|---|---|---|---|
||||Grant.||||
||||funding|of|||
||||activities||Support||
|||Direct|{seenote||costs (see||
|||Costs|6)||note 7)|Totals|
||||||f.||
||Church Expenses|238,092|||9,700|247,792|
||Donations||||101,144|101,144|
||City Mission|12,822||||12,822|
||Diocese of London expenses|48,048|||3,298|51,346|
||Convent Expenses|7,628||||7,628|
||Refcemi expenses||||20,000|20,000|
|||306,590|101,144||32,998|440,732|
|6.|GRANTS PAYABLE||||||
||||||31.12.20|31.12.19|
|||||||F|
||Donations||||||
||||||101,144|327,009|
##
|||Governance|
|---|---|---|
|||costs|
|Church
Diocese|Expenses
of London expenses|9,700
3,298|
|Refcemi|expenses|20,000|
|||32,998|
##
##
|Support|costs, include|d
in the|above, are as|follows:||||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
|||||Diocese||||
||||Church|of London|Refcemi|Total|Total|
||||Expenses|expenses|expenses|activities|activities|
||||F||E|F|E|
|Auditors'|remuneration||9,700|||9,700|12,950|
|Legal 8|professional|fees||3,298|20,000|23,298||
|Subscriptions|||||||972|
||||9,700|3,298|20,000|32,998|13,922|
##
##
##
##
##
|STAFF COSTS|||||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||E|E|
|Wages and salaries|||81,187|95,451|
|Social security costs|||2,883|3,767|
|Other pension costs|||751|621|
||||84,821|99,839|
|The average
monthly|number ofemployees|during the year was as follows:|||
||||31.12.20|31.12.19|
|Caretaker|||1|1|
|Media|||||
|Priest|||1|1|
|Secretarial|||2|2|
##
||NOTES TO THE FINANCIAL STATEIIENTS -continued
FOR THE YEAR ENDED 31DECEMBER 2020|NOTES TO THE FINANCIAL STATEIIENTS -continued
FOR THE YEAR ENDED 31DECEMBER 2020|NOTES TO THE FINANCIAL STATEIIENTS -continued
FOR THE YEAR ENDED 31DECEMBER 2020|NOTES TO THE FINANCIAL STATEIIENTS -continued
FOR THE YEAR ENDED 31DECEMBER 2020|||
|---|---|---|---|---|---|---|
|10.|COMPARATIVES FOR THE STATEIIENT OF FINANCIAL ACTIVITIES||||||
|||||Unrestricted|Restricted|Total|
|||||funds|fund|funds|
|||||F||F|
||INCOIIE AND ENDOWMENTS||FROIN||||
||Donations
and legacies|||601,328|200,000|801,328|
||investment
income|||45,028||45,028|
||Other income|||126,589||126,589|
||Total|||772,945|200,000|972,945|
||EXPENDITURE ON||||||
||Raising funds|||20,641||20,641|
||Charitable
activities||||||
||Church Expenses
Donations|||374,249
127,009|200,000|374,249
327,009|
||City Mission
Papal Visit|||19,816
6,600||19,816
6,600|
||Other|||24,874||24,874|
||Total|||573,189|200,000|773,189|
||NET INCOME|||199,756||199,756|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought forward|||2,987,679||2,987,679|
||TOTAL FUNDS CARRIED FORWARD|||3,187,435||3,187,435|
##
##
##
|11.|TANGIBLE FIXEDASS|ETS||||
|---|---|---|---|---|---|
||||Fixtures|||
|||Freehold|and|Motor||
|||property|fittings|vehicles|Totals|
|||E||F||
||COST|||||
||At 1 January 2020|3,186,443|206,571|9,300|3,4Q2,314|
||Additions|913,750|8,532||922,282|
||At 31 December 2020|4,100,193|215,103|9,300|4,324,596|
||DEPRECIATION|||||
||At 1 January 2020||118,502|8,619|127,121|
||Charge for year||14,490|170|14,660|
||At 31 December 2020||132,992|8,789|141,781|
||NET BOOK VALUE|||||
||At 31 December 2020|4,100,193|82,111|511|4,182,815|
||At 31 December 2019|3,186,443|88,069|681|3,275,193|
|12.|INVESTMENT PROPERTY|||||
||FAIR VALUE|||||
||At 1 January
202Q|||||
||and 31 December 2020||||411,011|
||NET BOOK VALUE|||||
||At 31 December 2020||||411,011|
||At 31 December 2019||||411,011|
|13.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||31.12.20|31.12.19|
|||||E|E|
||Other debtors|||109,487|152,351|
##
##
|14.|CREDITORS: AMOU|NTS|FA|LLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
||Bank loans and overdrafts||(see note 16)||106,000|56,000|
||Trade creditors||||37,733|20,845|
||Taxation and social security||||5,794|2,074|
||Other creditors||||9,779|4,893|
||||||159,306|83,812|
|15.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||31.12.20|31.12.19|
||Bank loans (see note|16)|||1,389,448|1,199,573|
|16.|LOANS||||||
||An analysis ofthe maturity||of|loans is given below:|||
||||||31.12.20|31.12.19|
||||||F|E|
||Amounts
falling due within||one year on demand:||||
||RBSLand Loan||||56,000|56,000|
||CBILBank Loan BS||||50,000||
||||||106,000|56,000|
||Amounts
falling between one|||and two years:|||
||Bank loans - 1-2years||||106,000|56,000|
||Amounts
falling due between|||two and five years:|||
||Bank loans - 2-5years||||318,000|168,000|
||Amounts
falling due in|more than five years:|||||
||Repayable
by instalments:||||||
||Bank loans more 5 yr|by instal|||965,448|975,573|
|17.|ACCRUALS AND DEFERRED INCOME||||||
||||||31.12.20|31.12.19|
||||||F|F|
||Accruals and deferred|income|||6,250||
##
##
##
|IIOVEM|EN|T
IN|FUNDS||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.1.20|in funds|funds|31.12.20|
|||||||E|||
|Unrestricted||funds|||||||
|General
St Mark|fund
8 Pope Tawadros|||Fund|2,670,604
42,419|27,988
(10,005)|(72,954)
(226,170)|2,625,638
(193,756)|
|Youth Fund|||||53,032|12,912|(5,716)|60,228|
|Benevolent||Fund|||69,461|(6,198)|2,000|65,263|
|London|Diocesan||Fund||351,919|840,690|302,840|1,495,449|
||||||3,187,435|865,387||4,052,822|
|TOTAL|FUNDS||||3,187,435|865,387||4,052,822|
|Net mov|eme|nt
in funds,
in|cluded
in the above|are as follows:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||E|E||
|Unrestricted||funds|||||
|General|fund|||244,995|(217,007)|27,988|
|St Mark|&Pope Tawadros||Fund|3,624|(13,629)|(10,005)|
|Youth Fund||||30,418|(17,506)|12,912|
|Benevolent||Fund||85,194|(91,392)|(6,198)|
|London|Diocesan Fund|||959,754|(119,064)|840,690|
|||||1,323,985|(458,598)|865,387|
|TOTAL|FUNDS|||1,323,985|(458,598)|865,387|
##
|Compar|ative|s
for movem|ent
in funds|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.19|in funds|funds|31.12.19|
|||||||E|E|
|Unrestricted||funds||||||
|General|fund|||2,656,443|18,931|(4,770)|2,670,604|
|St Mark|8 Pope Tawadros||Fund|35,435|6,984||42,419|
|Youth Fund||||44,457|10,080|(1,505)|53,032|
|Benevolent||Fund||68,097|4,364|(3,000)|69,461|
|London|Diocesan Fund|||183,247|159,397|9,275|351,919|
|||||2,987,679|199,756||3,187,435|
|TOTAL|FUNDS|||2,987,679|199,756||3,187,435|
##
|Comparative
net|mo|vemen|t
in funds,
included
in t|he above are as follows:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||||E|
|Unrestricted
funds|||||||
|General
fund
St Mark 8 Pope Tawadros
Youth Fund
Benevolent
Fund
London Diocesan
Fund|||Fund|325,741
7,466
38,454
99,153
302, 131|(306,810)
(482)
(28,374)
(94,789)
(142,734)|18,931
6,984
10,080
4,364
159,397|
|Restricted funds||||772,945|(573,189)|199,756|
|St Mary 8 Archangel||Michael Coptix|||||
|Orthodox
Cathedral||||200,000|(200,000)||
|TOTAL FUNDS||||972,945|(773,189)|199,756|
|A current year 12|months
|and prior yea|r 12 months
combined|position
is as|follows:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.19|in funds|funds|31.12.20|
|||||F|||
|Unrestricted
funds|||||||
|General
fund
St Mark 8, Pope Tawadros
Youth Fund
Benevolent
Fund
London Diocesan
Fund||Fund|2,656,443
35,435
44,457
68,097
183,247|46,919
(3,021)
22,992
(1,834)
1,000,087|(77,724)
(226,170)
(7,221)
(1,000)
312,115|2,625,638
(193,756)
60,228
65,263
1,495,449|
||||2,987,679|1,065,143||4,052,822|
|TOTAL FUNDS|||2,987,679|1,065,143||4,052,822|
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E||F|
|Unrestricted
funds|||||||
|General|fund|||570,736|(523,817)|46,919|
|St Mark|8 Pope Tawadros||Fund|11,090|(14,111)|(3,021)|
|Youth Fund||||68,872|(45,880)|22,992|
|Benevolent
Fund||||184,347|(186,181)|(1,834)|
|London|Diocesan Fund|||1,261,885|(261,798)|1,000,087|
|||||2,096,930|(1,031,787)|1,065,143|
|Restricted funds|||||||
|St Mary|8 Archangel|Michael Coptix|||||
|Orthodox|Cathedral|||200,000|(200,000)||
|TOTAL|FUNDS|||2,296,930|(1,231,787)|1,065,143|
##
||FOR THE YEAR ENDED|
31DECEIIBER2020||
|---|---|---|---|
|||31.12.20|31.12.19|
|INCOIIE AND ENDOWIIENTS||||
|Donations
and legacies||||
|Donations
Gift aid
Grants||1,013,886
110,001
15,945|724,142
77,186|
|||1,139,832|801,328|
|Investment
income||||
|Rents receivable
Deposit account interest||24,750
32|45,000
28|
|||24,782|45,028|
|Other income||||
|Voluntary
Receipts||157,099|125,764|
|Sundry Receipts||2,272|825|
|||159,371|126,589|
|Total incoming
resources||1,323,985|972,945|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Telephone
8 Internet
Postage and stationery||7,014
757|6,200
1,273|
|Sundries||4,756|2,977|
|Advertising
8 promotional|||690|
|Event Catering|||9,501|
|||12,527|20,641|
|Charitable
activities||||
|Wages
Social security
Pensions||81,187
2,883
751|95,451
3,767
621|
|Room and furniture
Rates and water|hire|7,724
7,576|7,500
25,302|
|Insurance||30,615|28,041|
|Light and heat||17,904|21,214|
|Household
supplies||5,339|5,218|
|Repairs and maintenance||39,008|24,772|
|Travel Expenses||6,774|34,251|
|Motor Expenses||16,402|27,591|
|Carried forward||216,163|273,728|
##
|||DETAILED STATEMENT OF
FOR THE YEAR ENDED|FINANCIAL ACTIVITIES
31 DECEMBER 2020||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|Charitable
activities|||||
|Brought forward|||216,163|273,728|
|Food 8 supplies
for Homeless|||4,985|17,736|
|Cleaning
8 Refuse|||1,218|1,067|
|Subscriptions|||2,059|1,780|
|Entertaining|||856|2,764|
|Storage Costs|||1,703|1,703|
|St Pauls services|||251||
|Payments
to Diocesan||priests|19,500|20,000|
|Clerical Clothing||||315|
|Software Licenses|||90|3,137|
|Church
Plaques|||175|1,800|
|Copier Rental and charges|||893|1,958|
|Books|||2,363|8,735|
|Security Costs|||1,002|1,953|
|Promotional
Costs|||5,924||
|Sanitisation
expenses|||5,048||
|Fixtures and fittings|||14,490|16,948|
|Motor vehicles|||170|226|
|Bank loan interest|||28,130|44,245|
|Bank and credit charges|||1,570|1,598|
|Donations|||101,144|324,509|
|Grants to individuals||||2,500|
||||407,734|726,702|
|Other|||||
|I egal 8 Consultancy|fees||5,339|11,924|
|Support costs|||||
|Governance costs|||||
|Auditors'
remuneration|||9,700|12,950|
|Legal 8 professional||fees|23,298||
|Subscriptions||||972|
||||32,998|13,922|
|Total resources expended|||458,598|773,189|
|Net income|||865,387|199,756|