| Trustees | Christopher | Bagley | |||
|---|---|---|---|---|---|
| Ronald Eisele | |||||
| Jill Hoerter | |||||
| Joseph Bouchard | |||||
| Secretary | Jill Hoerter | ||||
| Company | number | 4591453 | |||
| Charity number | 1097070 | ||||
| Registered | office | 48 Chancery | Lane | ||
| London | |||||
| WC2A 1JF | |||||
| Independent | auditors | Saffery Champness | LLP | ||
| 71Queen Victoria Street | |||||
| London | |||||
| EC4V 4BE | |||||
| Solicitors | Keystone Law |
||||
| 48 Chancery | Lane | ||||
| London WC2A 1JF |
| Page | ||
|---|---|---|
| Trustees' annualreport | ||
| Independent auditors' |
report | |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Cash flow statement | ||
| Notes to the financial | statements | 12 |
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| Notes | f | f | f | ||
| Income from: | |||||
| Donations and legacies |
|||||
| (including Gift Aid relief) |
132,406 | 33,515 | 165,921 | 609,306 | |
| Charitable activities |
656 | 656 | 14,250 | ||
| Investment income |
9,391 | 9,391 | |||
| Totalincome | 142,453 | 33,515 | 175,968 | 623,556 | |
| Total expenditure on: |
|||||
| Charitable activities |
|||||
| Advancement of religion |
225,344 | 62,590 | 287,934 | 451,997 | |
| Total expenditure | 3 | 225,344 | 62,590 | 287,934 | 451,997 |
| Net (expenditure)/income | (82,891) | (29,075) | (111,966) | 171,559 | |
| Net movement in funds |
(82,891) | (29,075) | (111,966) | 171,559 | |
| Total funds brought forward | |||||
| at 1October 2020 | 1,034,316 | 3,144,250 | 4,178,566 | 4,007,007 | |
| Total funds carried forward | |||||
| at 30September 2021 | 10 | 951,425 | 3,115,175 | 4,066,600 | 4,178,566 |
| 30 | September | 30 | September | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Notes | f | f | f | ||||
| Fixed assets | |||||||
| Tangible fixed assets | 3,444,586 | 3,500,544 | |||||
| Current assets | |||||||
| Stock | 13,997 | 13,947 | |||||
| Debtors | 7 | 78,117 | 72,843 | ||||
| Cash at bank | 601,958 | 642,516 | |||||
| 694,072 | 729,306 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | (72,058) | (51,284) | |||||
| Net current | assets | 622,014 | 678,022 | ||||
| Total assets | less current | ||||||
| liabilities | 4,066,600 | 4,178,566 | |||||
| Unrestricted | funds | 10 | 951,425 | 1,034,316 | |||
| Restricted funds | 10 | 3,115,175 | 3,144,250 | ||||
| Total Funds | 4,066,600 | 4,178,566 |
| Notes | Notes | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Cash flows from operating | activities: | A | (21,369) | 249,778 | ||||
| Cash flows from investing | activities | |||||||
| Purchase oftangible fixed | assets | (19,189) | ||||||
| Net cash used in investing | activities | (19,189) | ||||||
| Change in cash in the year |
(40,558) | 249,778 | ||||||
| Cash at the beginning ofthe year |
642,516 | 392,738 | ||||||
| Cash atthe end ofthe year | 601,958 | 642,516 | ||||||
| Note A | ||||||||
| Reconciliation ofnet income to net cash flow from |
operating | activities | ||||||
| 2021 | 2020 | |||||||
| f | f | |||||||
| Net (expenditure)/ income |
for the year as | |||||||
| per Statement of Financial |
Activities | (111,966) | 171,559 | |||||
| Depreciation | 75,148 | 78,520 | ||||||
| (Increase)/decrease in stock |
(51) | (357) | ||||||
| (Increase)/decrease in debtors |
(5,274) | (34,372) | ||||||
| Increase/(decrease) in creditors |
20,774 | 34,428 | ||||||
| Net cash inflow/(outflow) | from operating | activities | (21,369) | 249,778 | ||||
| Analysis ofchanges in net |
debt | 1 | October | Movement | in | At 30 | ||
| 2020 | the year | September | ||||||
| 2021 | ||||||||
| f | ||||||||
| Cash at bank | 642,516 | (40,558) | 601,958 |
| Buildings | 50years | |||
|---|---|---|---|---|
| Fixtures, | fittings | and | equipment | 5years |
| Net income/(expenditure) | ||
|---|---|---|
| Year ended | Year ended | |
| This is stated after charging: | 30September 2021 f |
30September 2020 f |
| Auditors' remuneration: |
||
| Audit | 12,000 | 12,000 |
| Other services | 17,137 | 15,412 |
| 3. | Expenditure | ||||||
|---|---|---|---|---|---|---|---|
| 3.1 | 2021 Expenditure | ||||||
| Direct | Support | 2021 | |||||
| costs f |
costsf | ||||||
| Charitable | expenditure: | ||||||
| Advancement | of Religion | 212,561 | 4,455 | 217,016 | |||
| Governance | 70,918 | 70,918 | |||||
| 212,561 | 75,373 | 287,934 | |||||
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| f | f | f | |||||
| Donations | paid to SRF (USA) | 110,194 | 110,194 | ||||
| Repair and | refurbishment | costs | 15,325 | 15,325 | |||
| Depreciation | 12,558 | 62,590 | 75,148 | ||||
| Insurance | and | other church costs | 11,894 | 11,894 | |||
| Support costs | 75,373 | 75,373 | |||||
| 225,344 | 62,590 | 287,934 |
| 3. | Expenditure | ||||||
|---|---|---|---|---|---|---|---|
| 3.2 | 2020 Expenditure | ||||||
| Direct | Support | 2020 | |||||
| costsf | costsf | ||||||
| Charitable | expenditure: | ||||||
| Advancement of Religion |
389,947 | 2,238 | 392,185 | ||||
| Governance | 59,812 | 59,812 | |||||
| 389,947 | 62,050 | 451,997 | |||||
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2020 | 2020 | 2020 | |||||
| f | f | f | |||||
| Donations | paid to SRF | (USA) | 50,000 | 202,000 | 252,000 | ||
| Repair and | refurbishment | costs | 21,271 | 21,271 | |||
| Depreciation | 16,143 | 62,377 | 78,520 | ||||
| Insurance | and other church costs | 27,849 | 27,849 | ||||
| Retreats and monastic | visits | 10,307 | 10,307 | ||||
| Support costs | 62,050 | 62,050 | |||||
| 187,620 | 264,377 | 451,997 |
| ed assets | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Assets under | Freehold land |
fittings and | ||
| construction f |
and buildings f |
equipment f |
Total f |
|
| Cost | ||||
| At 1October 2020 | 4,489,424 | 116,494 | 4,605,918 | |
| Additions | 8,520 | 10,669 | 19,189 | |
| At 30September 2021 | 8,520 | 4,500,093 | 116,494 | 4,625,107 |
| Depreciation | ||||
| At 1October 2020 | 989,778 | 115,596 | 1,105,374 | |
| Charge for the year | 74,634 | 513 | 75,147 | |
| At 30September 2021 | 1,064,412 | 116,109 | 1,180,521 | |
| Net book value | ||||
| At 30September 2021 | 8,520 | 3,435,681 | 385 | 3,444,586 |
| At 30September 2020 | 3,499,646 | 898 | 3,500,544 |
| 7. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | E | |||||
| Gift Aid | tax | reclaim | 70,307 | 57,579 | ||
| Prepayments | and | other debtors | 7,810 | 15,264 | ||
| 78,117 | 72,843 | |||||
| 8. | Creditors: | amounts | falling due within one year | |||
| 2021 | 2020 | |||||
| E | E | |||||
| Other creditors and accruals | 23,348 | 18,884 | ||||
| Amounts | owing to | SRFC | 48,710 | 32,400 | ||
| 72,058 | 51,284 |
| Balance at | Other | Outgoing | Transfers | Balance at 30 | ||
|---|---|---|---|---|---|---|
| 1October | Incoming | resources | September | |||
| 2020 | resources | 2021 | ||||
| f | f | f | f | f | ||
| Unrestricted | funds | |||||
| General fund | 813,142 | 124,726 | (225,344) | 712,524 | ||
| Designated | ||||||
| Refurbishment | fund | 221,174 | 17,727 | 238,901 | ||
| Total | 1,034,316 | 142,453 | (225,344) | 951,425 | ||
| Restricted funds | ||||||
| London Centre | 3,135,540 | 18,515 | (62,354) | 3,091,679 | ||
| Refurbishment | fund | |||||
| Glass roof project | 15,000 | 15,000 | ||||
| Muriel Clark | 8,710 | (236) | 8,474 | |||
| Tota I |
3,144,250 | 33,515 | (62,590) | 3,115,175 | ||
| Total funds | 4,178,566 | 175,968 | (287,934) | 4,066,600 | ||
| Prior year | ||||||
| Balance at | Other | Outgoing | Transfers | Balance at 30 | ||
| 1October | Incoming | resources | September | |||
| 2019 | resources | 2020 | ||||
| f | f | f | f | f | ||
| Unrestricted | funds | |||||
| General fund | 597,823 | 396,939 | (187,620) | 6,000 | 813,142 | |
| Designated | ||||||
| Refurbishment | fund | 211,157 | 10,017 | 221,174 | ||
| Total | 808,980 | 406,956 | (187,620) | 6,000 | 1,034,316 | |
| Restricted funds | ||||||
| London Centre | 3,183,081 | 14,600 | (62,141) | 3,135,540 | ||
| Refurbishment | fund | |||||
| Donations for | ||||||
| Mother Centre | 6,000 | 202,000 | (202,000) | (6,000) | ||
| Muriel Clark | 8,946 | - | (236) | 8,710 | ||
| Total | 3,198,027 | 216,600 | (264,377) | (6,000) | 3,144,250 | |
| Totalfunds | 4,007,007 | 623,556 | (451,997) | 4,178,566 |
| Analysis ofnet assets between | Analysis ofnet assets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | f | f | |||
| Fund balances at 30September | 2021 | ||||
| represented | by:- | ||||
| Tan'gible fixed assets | 501,921 | 2,942,665 | 3,444,586 | ||
| Stock | 13,997 | 13,997 | |||
| Debtors | 78,117 | 78,117 | |||
| Cash at bank | 429,448 | 172,510 | 601,958 | ||
| Creditors | (72,058) | (72,058) | |||
| 951,425 | 3,115,175 | 4,066,600 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | f | ||||
| Fund balances at30September | 2020 | ||||
| represented | by:— | ||||
| Tangible fixed assets | 514,479 | 2,986,065 | 3,500,544 | ||
| Stock | 13,947 | 13,947 | |||
| Debtors | 70,843 | 2,000 | 72,843 | ||
| Cash at bank | 486,331 | 156,185 | 642,516 | ||
| Creditors | (51,284) | (51,284) | |||
| 1,034,316 | 3,144,250 | 4,178,566 |
| Unrestricted | Restricted | Year | ||
|---|---|---|---|---|
| funds | funds | ended | ||
| 30September | ||||
| 2020 | ||||
| Income from: | Total | |||
| E | ||||
| Donations and legacies |
||||
| (including Gift Aid relief) |
392,706 | 216,600 | 609,306 | |
| Charitable activities |
14,250 | 14,250 | ||
| Total income | 406,956 | 216,600 | 623,556 | |
| Expenditure on: |
||||
| Charitable activities |
||||
| Advancement of religion |
187,620 | 264,377 | 451,997 | |
| Total expenditure | ||||
| 187,620 | 264,377 | 451,997 | ||
| Net (expenditure) | ||||
| 219,336 | (47,777) | 171,559 | ||
| Transfers between | funds | |||
| 6,000 | (6,000) | |||
| Net movement in funds |
||||
| 225,336 | (53,777) | 171,559 | ||
| Total funds brought | forward | |||
| at 30September 2019 | 808,980 | 3,198,027 | 4,007,007 | |
| Total funds carried | forward | |||
| at 30September 2020 | 1,034,316 | 3,144,250 | 4,178,566 |