## ## ## ## |Report from the Vicar for 2021|Report from the Vicar for 2021||| |---|---|---|---| |Safeguarding
Update|||| |Financial
Review|||| |Our Church
—A Summary|||| |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| |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| ||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| |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| |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||||| |---|---|---|---|---| ||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|