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|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|offinancial|activities|16|
|Statement|offinancial|position|17|
|Notes to the financial statements|||18|
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|||Year ended 3'i|Decemb|er 2020|
|---|---|---|---|---|
|Reference and administrative||details|||
|Registered
charity name||St Mary-Le-Tower|Church||
|Charity registration|number|1128976|||
|Principal Office:||18Kingsfield
Avenue|||
|||Ipswich,
Suffolk,|IP1 3TA||
|Church Location:||Tower Street|||
|||Ipswich,
Suffolk,|IP1 3BE||
|Main correspondence|address|Parish Office, Tower House|||
|||17Tower Street,|Ipswich,|Suffolk, IP1 3BE|
|The trustees
(at the date ofapproval ofthis Report
trustees at any time from 1"January 2020 until the|||and Annual Accounts —a full list ofthose who were
date ofthis report is available at the end ofTrustees||
|Annual Report)|||||
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|||S|tatement of
Year ended|Financial Activities
31 December 2020|Financial Activities
31 December 2020|||
|---|---|---|---|---|---|---|---|
|||||2020|||2019|
||||Unrestricted|Restricted|Endowment|||
||||funds|funds|funds|Total funds|Total funds|
|||Note||||F|E|
|Income and endowments||||||||
|Donations
and legacies||4|89,486|87,911||177,397|449,675|
|Charitable
activities||5|46|17,780||17,826|26,743|
|Other trading
activities||6|5,025|||5,023|34,320|
|Investment
income||7|2,146|24,798||26,945|16,962|
|Total income|||96,703|130,489||227,191|527,700|
|Expenditure||||||||
|Expenditure
on||||||||
|charitable
activities||8,9|120,999|116,732||237,730|245,722|
|Total expenditure|||120,999|116,732||237,730|245,722|
|Net gains on||||||||
|investments||10|4,929|36,209|5,397|46,535|65,184|
|Net income and net||||||||
|movement
in funds|||(19,367)|49,966|5,397|35,996|347,162|
|Reconciliation
offunds||||||||
|Total funds brought|forward||712,927|548,628|85,182|1,346,737|999,575|
|Total funds carried|forward||693,560|598,594|90,579|1,382,733|1,346,737|
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|||31 December 20|20|||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note|||
|Fixed assets||||||
|Tangible fixed assets|||14|553,832|553,832|
|Investments|||15|723,623|677,088|
|||||1,277,455|1,230,920|
|Current assets||||||
|Debtors|||16|1,879|15,898|
|Investments|||17|45,012|27,823|
|Cash at bank|and in|hand||96,903|99,646|
|||||143,794|143,367|
|Creditors: amounts||falling due within one year|18|38,516|27,550|
|Net current assets||||105,278|115,816|
|Total assets|less current liabilities|||1,382,733|1,346,737|
|Net assets||||1,382,733|1,346,737|
|Funds ofthe charity||||||
|Endowment
funds||||90,579|85,182|
|Restricted funds||||598,594|548,628|
|Unrestricted|funds|||693,560|712,927|
|Total charfty|funds||19|1,382,733|1,346,737|
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds
E|2020
f|
|Donations||||||
|Donations|||16,802|14,955|31,757|
|Planned
Giving|||34,373||34,373|
|Boxreceipts|||347||347|
|Collections|Plate||4,608|1,150|5,758|
|Planned
Giving - Gift Aid|||27,734||27,734|
|Sundry donations||||296|296|
|Emergency|Appeal|||56,771|56,771|
|Legacies||||||
|Legacies|||3,000||3,000|
|Grants||||||
|Grants receivable||- CJRS|2,622|10,489|13,111|
|Grants receivable||—other||4,250|4,250|
||||89,486|87,911|177,397|
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|4.|Donations
and|legacies
(continued)||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2019|
||||E|||
||Donations|||||
||Donations||7,937|16,777|24,714|
||Planned
Giving||38,251||38,251|
||Boxreceipts||769||769|
||Collections
Plate||22,505||22,505|
||Planned
Giving|—Gift Aid|13,862|13,750|27,612|
||Sundry
donations||43|1,879|1,922|
||Emergency
Appeal|||||
||Legacies|||||
||Legacies|||333,902|333,902|
||Grants|||||
||Grants receivable - CJRS|||||
||Grants receivable - other|||||
||||83,367|366,308|449,675|
|5.|Charitable
activities|||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
|||||E|E|
||Fees for weddings
and funerals||46||46|
||Rental income|—17Tower Street||17,780|17,780|
||Utility Refunds|||||
||||46|17,780|17,826|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2019|
|||||F|E|
||Fees for weddings
and funerals
Rental income -17Tower Street||11|26,709|11
26,709|
||Utility Refunds||23||23|
||||34|26,709|26,743|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2020|Funds|2019|
|||||F||F|E|
||Sale of CD's|||50|50|438|438|
||Coffee mornings||and social activities|84|84|2,304|2,304|
||Concerts|||4,586|4,586|18,375|18,375|
||Christmas|Tree|Festival|305|303|13,203|13,203|
|||||5,025|5,023|34,320|34,320|
|7.|Investment|income||||||
||||||||Unrestricted|Restricted|Endowment|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|Funds||2020|
||||||||F|||||
||Rental income|||- Church|House|||6,549|||6,550|
||Dividend|income|||||2,146|18,249|||20,395|
||||||||2,146|24,798|||26,945|
||||||||Unrestricted|Restricted|Endowment|Total|Funds|
||||||||Funds|Funds|Funds||2019|
||||||||F|||||
||Rental income|||- Church|House||4,170||||4,170|
||Dividend|income|||||3,265|6,750|2,777||12,792|
||||||||7,435|6,750|2,777||16,962|
|8.|Expenditure|||on charitable||activities|by fund type|||||
|||||||||Unrestricted|Restricted|Total|Funds|
|||||||||Funds|Funds||2020|
||||||||||F|||
||Activity|type|1|||||114,311|101,448|215,758||
||Support|costs||||||6,688|15,284||21,972|
|||||||||120,999|116,732|237,730||
|||||||||Unrestricted|Restricted|Total Funds||
|||||||||Funds|Funds||2019|
||||||||||E||E|
||Activity|type|1|||||140,429|79,169|219,598||
||Support|costs||||||24,776|1,347||26,124|
|||||||||165,205|80,516|245,722||
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|9.|Expenditure||on charitable|on charitable|on charitable|activities|activities|activities|by activity type|by activity type|by activity type|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Activities||||||
||||||||||undertaken||||Total funds||Total fund|
|||||||||||directly Support costs|||2020||2019|
||||||||||||F|||||
||Activity type|1||||||||215,758|||215,758||219,598|
||Support costs|||||||||||17,832|17,832||26,124|
||Governance|costs||||||||||4,140|4,140|||
|||||||||||215,758||21,972|237,730||245,722|
|10.|Net gains on||investments|||||||||||||
||||||||||Unrestricted|||Restricted|Endowment|Total Funds||
||||||||||||Funds|Funds|Funds||2020|
|||||||||||||F|E||E|
||Gains/(losses)||on listed investments||||||||4,929|36,209|5,397||46,535|
||||||||||Unrestricted|||Restricted|Endowment|Total Funds||
||||||||||||Funds|Funds|Funds||2019|
|||||||||||||E|E|||
||Gains/(losses)||on listed investments|||||||27,747||30,818|6,618||65,184|
|11.|Independent||examination|||fees||||||||||
||||||||||||||2020||2019|
||Fees payable||to the independent||||examiner|||for:||||||
||Independent|examination|||ofthe financial statements||||||||990||972|
|12.|Staff costs|||||||||||||||
||The total staff||costs and employee|||||benefits||for|the reporting
period are analysed as|||follows:||
||||||||||||||2020||2019|
||Director of music, organist|||||&choir||assistants|||||41,511||43,873|
||Director ofdevelopment,||||caretaker|||&cleaner|||||29,032||22,182|
||Administrator||8 finance||||||||||15,284||18,080|
||||||||||||||85,827||84,135|
||The average||head|count|of employees||||during||the year was 8 (2019:||8).The average||number of|
||full-time
equivalent|||employees|||during||the year||is analysed as follows:|||||
||||||||||||||2020||2019|
||||||||||||||No.||No.|
||Number ofstaff||||||||||||4||4|
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|Tangible fixe|d assets||
|---|---|---|
|||Freehold|
|||property|
|Cost|||
|At 1January|2020 and 31December 2020|553,832|
|Depreciation|||
|At 1 January|2020 and 31 December 2020||
|Carrying
amount|||
|At 31 December 2020||553,832|
|At 31 December 2019||553,832|
##
|Investments||
|---|---|
||Listed|
||investments|
|Cost or valuation||
|At 1 January 2020|677,088|
|Additions||
|Revaluations|46,535|
|At 31 December 2020|723,623|
|Impairment||
|At. 1January
2020 and 31 December 2020||
|Carrying
amount||
|At 31December 2020|723,623|
|At 31 December 2019|677,088|
|All investments
shown above are held at valuation.|
|---|
|Financial assets held at fair value|
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|2020|2019|
|---|---|
|1,879|15,898|
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|||||2020|2019|
|---|---|---|---|---|---|
||||||F|
||Short-term|deposits||45,012|27,823|
|18.|Creditors:|amounts|falling due within one year|||
|||||2020|2019|
||||||E|
||Trade creditors|||26,365|17,873|
||Accruals and deferred||income|9,990|6,775|
||Social security and other taxes|||2,161|2,903|
|||||38,516|27,551|
|19.|Analysis ofcharitable|Analysis ofcharitable|funds||||||
|---|---|---|---|---|---|---|---|---|
||Unrestricted|funds|||||||
||||At||||Gains and|At|
|||1 Jan 2020||Income|Expenditure|Transfers|losses 31 Dec 2020||
|||||F|E|||F|
||General funds||||||||
||(001)||159,095|96,703|(120,999)||4,929|139,728|
||Church
House||||||||
||BookValue||370,000|||||370,000|
||Tower House||||||||
||BookValue||183,832|||||183,832|
||||712,927|96,703|(120,999)||4,929|693,560|
||||At||||Gains and|At|
|||1 Jan 2019||Income|Expenditure|Transfers|losses 31 Dec2019||
|||||E||E|F||
||General funds||||||||
||(001)||42,465|113,711|(146,873)|127,754|22,038|159,095|
||Church
House||||||||
||BookValue||370,000|||||370,000|
||Tower House||||||||
||BookValue||183,832|||||183,832|
||||596,297|113,711|(146,873)|127,754|22,038|712,927|
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|Restricted funds|||||||
|---|---|---|---|---|---|---|
||At||||Gains and|At|
||1 Jan 2020|Income|Expenditure|Transfers|losses 51 Dec 2020||
|||F|F||||
|Tower House|||||||
|Project (015)|373,316|33,148|(50,566)||23,254|379,152|
|Bells Deposit|||||||
|(005)|497|991||||1,488|
|Charity Capital|||||||
|(006)|17,824|||||17,824|
|Choir Scholarship|||||||
|Capital (008)|15,298||(3,189)||1,252|13,361|
|Choir Projects|||||||
|Deposit (009)|941|5,609|(2,200)|||4,350|
|Usherwood|||||||
|Capital (014)|24,487||||2,004|26,491|
|Fabric Capital|||||||
|(011)|44,062|2,119|(5,000)||4,877|46,058|
|Harriet Bacon|||||||
|Trust Deposit|||||||
|(012)|6,899|1,259||||8,158|
|Choir Memorial|||||||
|Capital (007)|58,927|70,383|(41,511)||4,822|92,621|
|Concerts Deposit|||||||
|(010)||9,200|(5,675)|||3,525|
|Church
House|||||||
|deposit (003)|5,831|7,779|(8,590)|||5,020|
|Sanctuary
Guild|||||||
|Deposit (004)|546|||||546|
||548,628|138,488|(116,731)||36,209|598,594|
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||At||||Gains and|At|
|---|---|---|---|---|---|---|
||1 Jan 2019|Income|Expenditure|Transfers|losses 31 Dec2019||
|||F||||E|
|Tower House|||||||
|Project (015)|83,684|360,611|(38,828)|(40,000)|7,849|373,316|
|Bells Deposit|||||||
|(005)|436|520|(459)|||497|
|Charity Capital|||||||
|(006)|17,125|829|(130)|||17,824|
|Choir Scholarship|||||||
|Capital (008)|14,973||(2,365)||2,690|15,298|
|Choir Projects|||||||
|Deposit (009)|204|6,943|(6,206)|||941|
|Usherwood|||||||
|Capital (014)|20,757||||3,730|24,487|
|Fabric Capital|||||||
|(011)|40,320|11,194|(14,697)||7,245|44,062|
|Harriet Bacon|||||||
|Trust Deposit|||||||
|(012)|6,535|364||||6,899|
|Choir Memorial|||||||
|Capital (007)|51,788|19,307|(21,473)||9,305|58,927|
|Bedwell Legacy|87,754|||(87,754)|||
|Church
House|||||||
|deposit (003)|8,695|11,892|(14,756)|||5,831|
|Sanctuary
Guild|||||||
|Deposit (004)|928|151|(533)|||546|
||333,379|411,811|(99,447)|(127,754)|30,819|548,628|
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||||Year ended 31|Year ended 31|December|2020|||
|---|---|---|---|---|---|---|---|---|
|19.|Analysis of|charitable|funds
(continued)||||||
||Endowment|funds|||||||
||||At||||Gains and|At|
|||1 Jan 2020||Income|Expenditure|Transfers|losses 31 Dec 2020||
||||F|F||F||E|
||Harriet Bacon||||||||
||Trust (017)||41,965||||2,898|44,863|
||Choir Memorial||||||||
||Fund (016)||7,023|||||7,023|
||Church House||||||||
||Prior Memorial||||||||
||Trust (002)||36,194||||2,499|38,693|
||||85,182||||5,397|90,579|
||||At||||Gains and|At|
|||1 Jan 2019||Income|Expenditure|Transfers|losses 31 Dec2019||
|||||F|E|E|E||
||Harriet Bacon||||||||
||Trust (017)||32,570|2,777|||6,618|41,965|
||Choir Memorial||||||||
||Fund (016)||7,023|||||7,023|
||Church House||||||||
||Prior Memorial||||||||
||Trust (002)||30,485||||5,709|36,194|
||||70,078|2,777|||12,327|85,182|