| Report from the Vicar for 2021 | Report from the Vicar for 2021 | ||
|---|---|---|---|
| Safeguarding Update |
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| Financial Review |
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| Our Church —A Summary |
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| Objectives | and Activities | ||
| Foundational | Values | ||
| Our Purpose | |||
| Statement | of | Public Benefit | 10 |
| Structure, Governance and |
Management | ||
| Statement of Trustees' Responsibilities |
12 | ||
| Risk Management | 13 | ||
| Reference and Administrative | Information | 15 |
| SOFA | 19 | ||
|---|---|---|---|
| Balance Sheet | 20 | ||
| Cashf low Statement | 21 | ||
| Notes to the Financial Statements | 22 | ||
| Accounting | Policies | 22 | |
| Income | 25 | ||
| Expenditure | 26 | ||
| Fixed Assets | 28 | ||
| Debtors | 28 | ||
| Creditors | 28 | ||
| Staff Costs | 29 | ||
| Related | Party Transactions | 29 | |
| Analysis | of Funds | 30 | |
| Previous | Year's Statement of Financial Activities | 31 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Note | Funds f |
Funds f |
Note 22 f |
||
| INCOME | |||||
| Donations Income from Investments |
2(a) 2(b) |
482,562 18,805 |
202,509 | 685,072 18,805 |
903,366 8,027 |
| Income from Trading Activities |
2(c) | 16,276 | 16,276 | 3,038 | |
| Other Income TOTAL INCOME |
2(cl) | 22,539 540,182 |
202,509 | 22,539 742,691 |
22,621 937,042 |
| EXPENDITURE | |||||
| Expenditure on Charitable Activities |
3(a) | 390,822 | 1,637 | 392,460 | 382,583 |
| Raising Funds Other Activities Governance Costs TOTAL EXPENDITURE |
3(b) 3(c) 3(d) |
27,970 2,367 421,160 |
992,064 993,701 |
1,020,034 2,367 1,414,861 |
2,358 946,496 4,277 2,335,714 |
| NET INCOME/(EXPENDITURE) |
119,022 | (791,069) | (672,046) | (398,673) | |
| BEFORETRANSFERS | |||||
| Transfers between funds |
9 | (372,779) | 372,779 | ||
| Net movement in funds after transfers |
(253,757) | (418,290) | (672,046) | (398,673J | |
| TOTAL FUNDS BROUGHT FORWARD |
660,972 | 418,290 | 1,079,262 | 2,477,935 | |
| TOTAL FUNDS CARRIED FORWARD |
407,215 | 407,215 | 2,079,262 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| FIXED ASSETS | ||||||
| Tangible fixed assets | 123,469 | 32,955 | ||||
| CURRENT ASSETS | ||||||
| Cash at bank and in hand | 229,294 | 773,721 | ||||
| Deposits &3 months' notice Deposits )3 months' notice Total Cash and Deposits |
2,463 87,390 |
319,147 | 482,090 880 1,256,691 |
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| Debtors | 13,984 | 11,624 | ||||
| 333,131 | 1,268,315 | |||||
| CREDITORS due within 1year | (49,384) | (222,008) | ||||
| NET CURRENT ASSETS | 283,747 | 1,046,307 | ||||
| NET ASSETS | 407,216 | 1,079,262 | ||||
| FUNDS | ||||||
| Restricted | 418,290 | |||||
| Unrestricted —Designated |
123,469 | 434,189 | ||||
| Unrestricted —General |
Fund | 283,747 | 226,783 | |||
| TOTAL FUNDS | 407,216 | 1,079,262 |
| 2021 f |
2020f | |||
|---|---|---|---|---|
| Cash Flow from Operating | ||||
| Activities | ||||
| Net cash from operating activities |
(672,046) | (398,672) | ||
| Adjustments for: |
||||
| Depreciation charges |
21,226 | 5,263 | ||
| (Inc)/Dec in Debtors |
(2,359) | 7,965 | ||
| (Dec)/Inc in Creditors |
(172,624) | 193,368 | ||
| Net cash from operating activities |
(825,804) | (192,076) | ||
| Cash Flow from Investing Activities |
||||
| Purchase ofassets | (111,739) | |||
| Movement on &3 months |
(86,511) | 273,753 | ||
| cash deposits | ||||
| Net cash from investing activities |
(198,250) | 273,753 | ||
| Cash Flow for reporting period ended 31"Dec |
(1,024,054) | 81,677 | ||
| Cash Balance at beginning of reporting period |
1,255,811 | 1,174,135 | ||
| Cash Balance at end of reporting pel loci |
231,757 | 1,255,811 | ||
| Classified on the balance sheet as: | ||||
| Cash at bank Short term deposits (&3 |
229,294 2,463 |
773,721 482,090 |
||
| months) | ||||
| Cash balances | 231,757 | 1,255,811 | ||
| Deposits &3 months' notice |
87,390 | 880 | ||
| Total Cash and Deposit Balances |
319,147 | 1,256,691 |
| Total | Funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |
| Funds | Funds | |||
| f | f | |||
| 2a Donations | ||||
| Gift Aided Donations Gift Aid Other Planned Giving Other Gifts &Cash Offerings Grants TOTAL INCOME |
328,323 67,615 37,368 49,255 482,562 |
59,575 24,269 18,143 5,645 95,000 202,633 |
387,898 91,885 55,512 54,900 95,000 685,195 |
406,524 98,345 46,073 30,062 322,361 903,365 |
| 2b Income from Investments | ||||
| Interest from Investments | 18,805 | 18,805 | 8,027 | |
| 2c Income from Trading | ||||
| Activities | ||||
| Parochi a I Fees Cafe Income |
1,807 14,469 |
1,807 14,469 |
3,038 | |
| TOTAL TRADING INCOME | 16,276 | 16,276 | 3,038 | |
| 2d Other Income | ||||
| Seniors, Toddlers etc Government Grant (furlough scheme) |
1,428 21,111 |
1,428 21,111 |
1,354 21,257 |
|
| TOTAL OTHER INCOME | 22,539 | 22,539 | 22,611 | |
| TOTAL INCOME | 540,182 | 202,633 | 742,815 | 937,042 |
| Total Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |||||
| Funds | Funds | |||||||
| E | E | |||||||
| a) | Expenditure on Charitable |
|||||||
| Activities | ||||||||
| Mission Support: Overseas Mission Partners |
46,711 | 400 | 47,111 | 45,795 | ||||
| (see | below) | |||||||
| Overseas Mission Projects: |
||||||||
| Amani | 2,000 | 344 | 2,344 | 7,721 | ||||
| Global Recordings Sub-Total: Overseas Mission |
350 2,350 |
344 | 350 2,694 |
350 8,071 |
||||
| projects | ||||||||
| Home Mission: | ||||||||
| Seniors Events/Keep-Fit | 204 | 204 | 682 | |||||
| Lighthouse Wycombe Homeless |
Connection | 500 1,500 |
344 | 500 1,844 |
2,300 5,370 |
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| Football Club | 250 | 250 | ||||||
| Alpha WYFC |
61 400 |
61 400 |
400 | |||||
| Schools Ministry | 14 | 14 | 59 | |||||
| lain Rennie Hospice at Home | 344 | 344 | 1,608 | |||||
| High Wycombe | Mutual | Aid | 206 | 206 | 1,325 | |||
| Love Fund | 1,912 | 1,912 | 600 | |||||
| Love Wycombe | 500 | |||||||
| Welcome Churches | 1,500 | 1,500 | ||||||
| Wycombe One Can Trust Sub-Total: Home Mission |
6,341 | 894 | 7,235 | 2,056 14,900 |
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| Ministry Costs: Staff Pay |
151,228 | 151,228 | 140,595 | |||||
| Parish Share | 130,757 | 130,757 | 128,604 | |||||
| Staff Expenses | 12,914 | 12,914 | 10,317 | |||||
| Children, Youth |
& Family | 1,487 | 1,487 | 1,403 | ||||
| Events | 3,082 | 3,082 | 1,781 | |||||
| Music &Worship | 1,476 | 1,476 | 4,125 | |||||
| Printing &.Publicity |
1,030 | 1,030 | 196 | |||||
| Diocesan Costs | 1,504 | 1,504 | 1,934 | |||||
| Sub-Total: Ministry | Costs | 303,478 | 303,478 | 288,955 |
| Church Management | Church Management | ||||
|---|---|---|---|---|---|
| Office Fabric Utility Sub-Total: |
Management &Admin & Maintenance Costs & Insurance Church Management |
9,817 10,599 11,522 31,942 |
9,817 10,599 11,522 31,942 |
6,830 6,973 11,059 24,862 |
|
| Charitable | Activities Total | 390,822 | 1,637 | 392,460 | 382,383 |
| TotalFunds | TotalFunds | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Funds | Funds | ||||||
| f | f | ||||||
| b) Raising Funds |
|||||||
| Costs related to fundraising the Trinity Centre |
for | 2,359 | |||||
| c) Other Activities |
|||||||
| Depreciation Cafe Costs Staff Leaving: personal gifts Costs relating to the construction of the Trinity Centre |
21,226 6,744 |
2,288 989,776 |
21,226 6,744 2,288 982,476 |
5,263 941,233 |
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| Total Other Activities | 27,970 | 992,064 | 1,012,734 | 946,496 | |||
| d) Support |
|||||||
| Independent Examination/ Audit Fee |
2,367 | 2,367 | 4,277 | ||||
| Total Expenditure | 419,539 | 993,701 | 1,405,940 | 1,335,714 |
| . FIXED ASSETS |
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|---|---|---|---|---|
| Freehold | Land | Equipment | Total | |
| & Buildings | ||||
| Cost | ||||
| Balance as at 1"Jan 2021 | 79,675 | 11,768 | 91,443 | |
| Additions | 111,739 | 111,739 | ||
| Balance as at 31Dec 2021 | 79,675 | 123,507 | 203,182 | |
| Depreciation Balance as at 1"Jan 2021 |
53,044 | 5,443 | 58,487 | |
| Charge for the year Balance as at 31Dec 2021 |
3,868 56,912 |
17,358 22,802 |
21,226 79,713 |
|
| Net Book Value | ||||
| As at 31"Dec 2020 | 26,631 | 6,325 | 32,956 | |
| As at 31"Dec 2021 | 22,764 | 100,705 | 123,469 |
| EBTORS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | f | |||
| Gift Aid claim | 5,042 | 6,590 | ||
| Prepayments | 3,604 | 1,479 | ||
| Other debtors | 5,338 | 3,556 | ||
| 13,984 | 11,625 | |||
| REDITORS due within one year | ||||
| 2021 | 2020 | |||
| f | f | |||
| Independent | Examination/Audit | fee | 2,340 | 4,170 |
| Trinity Centre | 43,800 | 211,880 | ||
| Other creditors | 3,244 | 3,958 | ||
| 49,384 | 222,008 |
| 2021 | 2020 | |
|---|---|---|
| Salaries and wages Employers' NIC Pension contributions Employment costs Staff expenses and other costs |
142,348 4,411 4,469 151,228 12,914 |
f 130,910 5,248 4,537 140,595 20,317 |
| 164,143 | 150,912 |
| 2021 | 2020 | |
|---|---|---|
| Ministry | 5 | 6 |
| Support | 4 | 5 |
| Cafe | 2 | |
| Total |
| Balance | Income | Expenditure | Transfers | Balance c/f | |
|---|---|---|---|---|---|
| b/f | |||||
| UNRESTRICTED | |||||
| FUNDS | |||||
| General Funds |
226,783 | 540,182 | (398,313) | (83,284) | 292,545 |
| Designated Funds: Fixed Assets |
32,955 | (21,226) | 111,739 | 123,469 | |
| Southcote Fund |
401,234 | (401,234) | |||
| Total Unrestricted | 660,973 | 540,1S2 | (419,539) | (372,779) | 416,014 |
| Funds | |||||
| RESTRICTED | |||||
| FUNDS | |||||
| Buildings Fund Special Offerings External Grants |
95,738 322,361 |
103,955 852 95,000 |
(982,476) (1,032) |
790,083 57 (417,361) |
|
| High Wycombe | 191 | 15 | (206) | ||
| Mutual Aid |
|||||
| Personal Gifts |
2,688 | (2,688) | |||
| Total Restricted | 41S,290 | 202,509 | (9S6,401) | 372,779 | |
| Funds | |||||
| TOTAL | 1,079,263 | 742,691 | (1,405,940) | 416,014 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Note | Funds f |
Funds f |
Note 11 f |
||
| INCOME | |||||
| Donations Income from Investments Income from Trading Activities Other Income TOTAL INCOME |
2(a) 2(b) 2(c) 2(d) |
363,905 8,027 3,038 22,611 397,581 |
539,461 539,461 |
903,366 8,027 3,038 22,611 937,042 |
1,326,362 3,726 3,741 8,610 1,342,439 |
| EXPENDITURE | |||||
| Expenditure on Charitable Activities |
3(a) | 368,003 | 14,580 | 382,583 | 434,673 |
| Raising Funds Other Activities Governance Costs TOTAL EXPENDITURE |
3(b) 3(c) 3(d) |
5,263 4,277 377,543 |
2 359 941,233 958,172 |
2 358 946,496 4,277 1,335,714 |
952 162,602 3,993 602,220 |
| NET INCOME/(EXPENDITURE) BEFORETRANSFERS |
20,038 | (418,711) | (398,673) | 740,219 | |
| Transfers between funds |
10 | ||||
| Net movement in funds after transfers |
20,038 | (418,711) | (398,673) | 740,219 | |
| TOTAL FUNDS BROUGHT FORWARD |
640,934 | 837,001 | 1,477,935 | 737,716 | |
| TOTAL FUNDS CARRIED FORWARD |
660,972 | 418,290 | 1,079,262 | 1,477,935 |