| ST.STEPHEN'5 HOUSE | ST.STEPHEN'5 HOUSE | ST.STEPHEN'5 HOUSE | (GLOUCESTER ROAD ) LIMITED | (GLOUCESTER ROAD ) LIMITED | ||
|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND |
EXPENDITURE | |||||
| ACCOUNT | FOR THE | YEAR ENDED | 31,DECEMBER 2020 | |||
| Company | Registration | number -3892644 |
||||
| Note | Unrestricted | 2019 | ||||
| INCOME | ||||||
| Investment income |
3.1 | 306,329 | 304,649 | |||
| 306,329 | 304,649 | |||||
| EXPENDITURE | ||||||
| Expenditure on Raising Funds |
4.1 | 89,229 | 63,109 | |||
| Expenditure on |
Charitable Activities |
4.2.3 | 197,273 | 115,016 | ||
| Others | 4.3 | 0 | 749 | |||
| TOTAL RESOURCES USED | 286 502 | 178874 | ||||
| NET INCOME FOR THE YEAR Before investment | 19,827 | 125,775 | ||||
| Revaluation | Gain | |||||
| Net Investment |
Revaluation Gain |
5.1 | 493,191 | 123,713 | ||
| NET INCOME |
513,018 | 249,488 | ||||
| Transfer between | Funds: | 0 | ||||
| NET MOVEMENT | IN FUNDS | 513,018 | 249,488 | |||
| RECONCILIATION | OF FUNDS: | |||||
| BALANCE BROUGHT FORWARD | 5,201,217 | 4951729 | ||||
| BALANCE CARRIED FORWARD | 5,714,235 | 5 291217 |
| Note | E | |||||||
|---|---|---|---|---|---|---|---|---|
| FIXEDASSETS | 2019 | |||||||
| unrestricted | ||||||||
| Tangible Assets | 7.1 | |||||||
| Investments | 7.2 | 5,336,658 | 4,843,468 | |||||
| Total Fixed Assets | 5,336,658 | 4 843,448 | ||||||
| CURRENT ASSETS | ||||||||
| Debtors | 8 | 39,592 | 12,179 | |||||
| Bank and cash balances | 9 | 358366 | 367,475 | |||||
| 397,958 | 379,654 | |||||||
| CREDITORS: Amounts | falling | |||||||
| due within one year | 10 | 20381 | 21,905 | |||||
| TOTAL NET CURRENT | ASSETS | ~377577 | 357,749 | |||||
| TOTAL ASSETSLESSCURRENT | ||||||||
| LIABILITIES | 5714235 | 5,201,217 | ||||||
| TOTAL ASSETS | ~5714235 | ~5201 217 | ||||||
| FUNDS | ||||||||
| Unrestricted Funds |
11.1 | 5 714235 | 5,201,217 | |||||
| TOTAL FUNDS | 5714235 | 8,281 212 | ||||||
| The notes to the financial | statements | form an | integral part ofthese |
financial | statements. | |||
| Approved by the Directors and |
Trustees on | Z.L" | 'J | .~ | ||||
| and signed on their behalf by: | ||||||||
| JAMES EDWARD DATM | ROSS EGERTON | |||||||
| Director / Trustee | Director / Trustee |
| ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | |||
|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL | STATEMENTS | FOR THE YEAR ENDED 31,DECEMBER 2020 | ||||
| ( continued | ) | |||||
| 3INCOMING RESOURCES |
2019 | |||||
| Unrestricted | ||||||
| Funds | ||||||
| 3.1 | Investment income |
|||||
| Rental Income | 245,000 | 240,928 | ||||
| Service Charges | 61,283 | 63,669 | ||||
| Bank Interest Received | 46 | 52 | ||||
| 308,329 | 304,649 | |||||
| 4 RESOURCES EXPENDED | ||||||
| 2019 | ||||||
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 4.1 | EXPENDITURE ON RAISING | FUNDS | E | |||
| Property Repairs and | Maintenance | 26,655 | 14,195 | |||
| Property Insurance |
14,946 | 12,146 | ||||
| Property Light and Heat |
12,388 | 9,688 | ||||
| Property Cleaning | 6,640 | 6,480 | ||||
| Management Fee |
20,000 | 20,000 | ||||
| Property Consultancy |
Charges | 8,000 | 0 | |||
| Accountancy Fees |
600 | 600 | ||||
| 89,229 | 63,109 | |||||
| 4.2 | EXPENDITURE ON CHARITABLE ACTIVITIES | |||||
| 4.2.1 | DIRECT SPENDING | 2019 | ||||
| Grants and Donations |
189008 | 100000 | ||||
| 4.2.2 | SUPPORT FOR CHARITABLE | |||||
| ACTIVITIES | ||||||
| 4.2.2.2 | Governance costs | |||||
| Audit Fees | 3,000 | 3,000 | ||||
| Accountancy Fees |
2,750 | 2,750 | ||||
| Professional Fees |
1,495 | 9,166 | ||||
| Bank Charges | 77 | 74 | ||||
| 7322 | ~14990 |
| ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ST.STEPHEN'S HOUSE ( GLOUCESTER ROAD ) LIMITED | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE | FINANCIAL | STATEMENTS | FOR THE YEAR ENDED | 31,DECEMBER | 2020 | ||||||
| ( continued | ) | ||||||||||
| 2019 | |||||||||||
| Unrestricted | Unrestricted | ||||||||||
| Funds | Funds | ||||||||||
| 4.2.2.3 | Others | ||||||||||
| Other | Repairs | 798 | 0 | ||||||||
| Post, Print and Stationery | 132 | 0 | |||||||||
| Company Secretarial |
costs | 13 | 26 | ||||||||
| 943 | 26 | ||||||||||
| 4.2.3 | SUMMARY | OF EXPENDITURE ON CHARITABLE ACTIVITIES | |||||||||
| Direct | Spending | 189,008 | 100,000 | ||||||||
| Support for | charitble | activites | |||||||||
| Governance | 7,322 | 14,990 | |||||||||
| Others | 943 | 26 | |||||||||
| ~197273 | 115016 | ||||||||||
| 4.3 OTHER | |||||||||||
| Sundry | Expenses | 749 | |||||||||
| 5 REVALUATION | GAINS | ||||||||||
| On Material | Investment | Holdings | 68,191 | 123,713 | |||||||
| On Long Leasehold | Property | 425 000 | |||||||||
| Total | 4~93191 | 123713 | |||||||||
| 6.GRANTS | PAID | 2019 | |||||||||
| Grants to | |||||||||||
| institutions | |||||||||||
| Forthe year | ended | 31, | December | 2020 | 189008 | 100000 |
| Balance as | at 1 January 2020 &31,December 2020 | at 1 January 2020 &31,December 2020 | ~11320 | |
|---|---|---|---|---|
| DEPRECIATION | ||||
| As at 1 January 2020 &31,December2020 | 11320 | |||
| NET BOOK | VALUE | |||
| As at 31 December 2020 | ||||
| As at 31 December 2019 | ||||
| 7.2 FIXED | ASSET INVESTMENTS | |||
| COST OR VALUATION | ||||
| Land and | Material | TOTAL | ||
| Buildings | Investment | |||
| Holdings | ||||
| Balance as | at 1 January 2020 | 4,175,000 | 668,468 | 4,843,468 |
| Revaluation | Surplus | 425 000 | 68190 | 493190 |
| Balance as | at31,December 2020 | 4600 000 | 7~6658 | 5 336658 |
| 7.3 INCOME FROM MATERIAL INVESTMENT HOLDINGS | ||||
| Market | Income for | |||
| value | the year. | |||
| at 31/12/2020 | ||||
| Investment | Property | 4,600,000 | 306,283 | |
| Material Investment Holdings |
736658 | 46 | ||
| TOTAL | 5336658 | 3~06329 | ||
| 7.4 MATERIAL INVESTMENT HOLDINGS | ||||
| Investments | in CBFChurch of England | Investment Fund |
||
| Investment held |
14816.65 | |||
| Market Value per share at | 31,December 2020. | 4~971.83 |
| future impact that Covid-19 might have on the real the basis of"material valuation uncertainty" in line |
estate market, the valuation was re with RICS guidance. |
ported on |
|---|---|---|
| 2019 | ||
| Unrestricted | Unrestricted | |
| 8.DEBTORS | ||
| Sundry Debtors | ~39592 | ~12179 |
| 9.BANK AND CASH BALANCES | ||
| Scottish Widows Bank | 20,863 | 20,816 |
| CAF Current Account | 337503 | 346659 |
| ~358366 | 367475 |
| 10.CREDITORS: A | mounts falling du |
e | within one | year | ||
|---|---|---|---|---|---|---|
| 2019 | ||||||
| Unrestricted | Unrestricted | |||||
| VAT Liability | 12,781 | 16,305 | ||||
| Accruals | 7 600 | 5600 | ||||
| ~20381 | 21905 | |||||
| 11 FUNDS | ||||||
| 11.1.UNRESTRICTED FUNDS | 2020 | 2019 | ||||
| Balance | Brought Forward | 5,201,217 | 4,951,729 | |||
| Incoming | Resources | 306,329 | 304,649 | |||
| Resources Expended | -286,502 | -178,874 | ||||
| Net Gain | on Investments | Revaluation | 68,191 | 123,713 | ||
| Net Gain | on Long Leasehold | property | revaluation | 425 000 | 0 | |
| Balance | Carried Forward | 5 714255 | 5251217 | |||
| Unrestricted funds represent |
funds which | are expendable | at the discretion of | the | ||
| Company | in the furtherance | of its objects and which have | not been designated | for | ||
| other purposes. | page 19 |
| ST. | STEPHEN'S | HOUSE ( GLOUCESTER | HOUSE ( GLOUCESTER | ROAD ) LIIVIITED | ||||
|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE FINANCIAL STATEMENTS | FOR THE YEAR ENDED 31,DECEMBER | 2020 | |||||
| ( continued | ) | |||||||
| 12 | DETAILS OF CERTAIN ITEMS OF EXPENDITURE | |||||||
| 2020 | 2019 | |||||||
| Audit Fees | 3,000 | 3,000 | ||||||
| Accountancy Fees |
3350 | 3350 | ||||||
| 6350 | ~6350 | |||||||
| 13 | PAID EMPLOYEES | |||||||
| Salaries | and Wages | |||||||
| National | Insurance | and Pension | Contribuions | 0 | ||||
| Average | number of | employees |