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||Notes|||||2021|2020|
|---|---|---|---|---|---|---|---|
|Income from:||General|Designated|Restricted|Endowment|||
|||Fund|Fund|Funds|Funds|Combined|Combined|
|||E|E|E|E|E|E|
|Donations
and legacies||274,395||25,756||300,151|435,069|
|Other trading
activities|4|30,865||6,523||37,388|22,983|
|investments|5|383||798|47,805|48,986|54,982|
|Total income||305,643||33,077|47,805|386,525|513,034|
|Expenditure
on:||||||||
|Charitable
activities|7|322,087|7,416|32,148|666|362,317|451,090|
|Raising funds|9|2,509||5,329|16,870|24,708|19,464|
|Total resources
expended||324,596|7,416|37I477|17,536|387,025|470,554|
|Net income before gains and||||||||
|losses on investments||(18I953)|(7,416)|(4I400)|30&269|(500)|42,480|
|Gains/(Losses)
on investments|14|||3,713|5,895|9,608|(4,153)|
|Net income before transfers||(18,953)|(7,416)|(687)|36,164|9,108|38,327|
|Transfers
between
funds|12|25,000|||(25,000)|||
|Net income after transfers||6,047|(7,416)|(687)|11,164|9,108|38,327|
|Other recognised
gains/losses;||||||||
|Actuarial
gain/(losses)
on
defined benefit pension scheme||12,767||||12,767|3,345|
|Net movement
in funds||18,814|(7,416)|(687)|11,164|21,875|41,672|
|Reconciliation ofFunds||||||||
|Total Funds brought
forward||18,686|577,035|73,395|1,421,245|2,090,361|2.,048,689|
|Total Funds carried forward||37,500|569,619|72, 7DB|1,432,409|2,112,236|2,090,361|
##
##
##
||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||General||Designated|Restricted|Endowment||||
|||||Notes|Fund||Fund|Funds|Funds|Combined||Combined|
|Fixed assets|||||E||E|E|E||E|E|
|Plant and equipment||||13||||1,124|||1,124|2,249|
|Financial assets||||14||||29,671|1,428)941||1,458,612|1,449,003|
|Total fixed assets||||||||30,795|1,428, 94'i||1,459,736|1,451,252|
|Current
assets|||||||||||||
|Debtors|||||||||||||
|Gift aid recoverable|||||1,469||||||1,469|3,674|
|Hollybush
Vale Trustees||||16|||47&424||||47,424|57,424|
|Trade debtors||||||692|||||692|639|
||||||2,|161|47,424||||49I585|61,737|
|Cash at bank and in hand|||||62)934||522,195|49,967|28I468||663,564|647,843|
|Total current assets|||||65,095||569,619|49,967|28,468||713,149|709,580|
|Liabilities:
amounts||falling|due||||||||||
|within one year|||||||||||||
|Creditors
for goods||and services|||||||||(5,050)|(5,517)|
|Clients account|for|100Frognal||||||(2,426)|-|.|(2,426)|(3,710)|
|Clients account|Hogybush||Vale|||||(5,628)|||(5,628)||
|Other Creditors||||15|(18,504)||||(25,000)||(43,504)|(44,436)|
||||||(23,554)|||(8,054)|(25,000)||(56,608)|(53,663)|
|Net current assets|||||41,541||569,619|41I913|3,468||656,541|655,917|
|Creditors|||||||||||||
|faiiing due after one||year|||||||||||
|pension
scheme liability||||21|(4&041)||||||(4)041)|(16,808)|
|Net assets|||||37,500||569,619|72,705|1,132,409|~2, 112,236||~2,090,361|
|Funds:|||||||||||||
|Unrestricted
General||Fund|~||37)500||||||37,500|18,686|
|Designated
for Future Repairs|||||||569,619||||569,619|577,035|
|Restricted
Funds||||17||||72)708|||72I708|73)395|
|Endowment
Funds||||18|||||1,432,409||1,432,409|1,421,245|
||||||37&500||569,619|72,708|1,432,409||2,112,236|2,090,361|
##
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
||||||E|E|E|E|
|Net cash from operating
activities||||||(43,265)||1,344|
|Cash flows from investing
activities|||||||||
|Dividends,
interest
and rent from investments|||||48,986||54,982||
|Proceeds from the sale of Investments|||||||19,945||
|Purchase of investments|||||||(20,000)||
|Net cash provided
by/(used
in) investing||activities|||48,986|48,986|54,927|54,927|
|Cash flows from financing
activities|||||||||
|Loan repayments
from Trustees of|Ho(ly|Bush Vale|||10,000|10,000|||
|Loan to Trustees of Holly Bush Vale|||||||(57,424)||
|Net cash provided
by/(used
in) financing||activities||||10,000|(57,424)|(57,424)|
|Change
in cash and cash equivalents|in the|reporting|period|||15,721||(1,153)|
|Cash and cash equivalents
at 1 January||||||647,843||648,996|
|Cash and cash equivalents
at 31 December||||||663,564||647,843|
|Reconciliation
of net income/(expenditure)||before|investment|gains|||||
|Net income before investment
gains|31 December|||||(500)||42,480|
|Adjustments
for:|||||||||
|Depreciation
charges||||||1,125||1,125|
|Dividends,
interest
and rent from investments||||||(48,986)||(54,982)|
|Interest
paid on borrowings|||||||||
|Decrease/(increase)
in debtors||||||2,151||13,158|
|(Decrease) /increase
in creditors||||||2,945||(437)|
|Net cash provided
by/(used
in) operating||activities||||(43,265)||1,344|
|Analysis
of cash and cash equivalents|||||||||
|Cash in hand||||||46,921||37,668|
|Deposit for fixed period||||||200,000||200,000|
|Deposits less than 3 months||||||416,643||410,175|
|||||||663,564||647,843|
##
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##
||||||General|Designated|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes|Fund|Funds|Funds|Funds|Combined|Combined|
|Planned
giving|including||gift aid||156,030||||156,030|176,859|
|Income tax recoverabie|||||40,765||||40,765|41,017|
|Collections:
ordinary||services|||13,589||||13,589|9,862|
|Collections: special services|||||||3,953||3,953|1,736|
|Donations|||||6,737||5,377||12,114|28,158|
|Voluntary
rate|||||||16,426||16,426|6,336|
|Legacies|||||53||||53|101,000|
|Social events,|||||1,210||||1,210|322|
|Grants received;|||||||||||
|Friends of the|Drama|||16|4,000||||4,000|3,500|
|Hampstead
Church
Music Trust||||16|50,070||||50,070|52,500|
|Listed Places|of Worship||re VAT||1,941||||1,941|13,779|
||||||274,395||25I756||300,151|435,069|
|Note 4 Other trading||activities|||||||||
|Fees for use of|Church||||5,315||||5,315|2,920|
|Parish rooms|||||18,118||||18I118|12,194|
|Spring fair and|other events||||6,464||385||6,849|1,363|
|Printing
and books|||||20||||20|50|
|Community
choir|||||||3,799||3,799|3,422|
|Feed in Tariff|||||948||||948|549|
|Traidcraft
stall|||||||2,339||2,339|2,485|
||||||30,865||6,523||37,388|22,983|
|Note 5 Income|from Investments||||||||||
|Rent Dennington|Park|Mansions||||||4,900|4,900|6,000|
|Rent 100Frognal||||||||40,680|40,680|40,526|
|Dividends
and Interest|||||383||798|2,225|3,406|8)456|
||||||383||798|47,805|48,986|54,982|
|Note 6 Legacies received|||||||||||
|The Estate of P|George||||||||||
|- final distribution|||||53||||53||
|The Estate of E|Spottiswoode|||||||||100,000|
|The Estate of E|Rose|||||||||1,000|
||||||53||||53|101,000|
##
|Note 7 Activities
rela|tin|g|directly|to the|work of the|Church||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|Endowment||2021|2020|
|||||Notes|Fund|Fund|Funds|Funds||Combined|Combined|
|Ministry:
diocesan common|||fund||90,000|||||90,000|90,000|
|clergy expenses||||10|3,735|||||3,735|4,943|
|accommodation|||||6,804|||||6,804|9,503|
|Children
Et Youth worker||||11|26,927|||||26,927|26,400|
|Parish Administrator||||11|27,265|||||27,265|26,884|
|Pension deficit apportionment||||11|3,954|||||3)954|3,838|
|Music staff||||11|31,877||3,362||149|35,388|30,110|
|Choir - adults
and children|||||42,967|||||42,967|49,720|
|Other music costs|||||2,402||115||67|2,584|7,454|
|Children
and Youth|||||1,179|||||1,179|1,591|
|Heat
Et light|||||9,396|||||9,396|6,827|
|Fabric expenditure/maintenance|||||7,578||14,126|||29,120|70,175|
|Parish rooms|||||11)093|||||11,093|11,310|
|recoverable
VAT on repairs|||||1,941|||||1,941|8,137|
|Depreciation||||13|||1,125|||1,125|1,125|
|Insurance|||||10,597|||||10,597|11,306|
|General expenses|||||12,571|||||12,571|16,931|
|IT and communications|||||4,554|||||4,554|5,555|
|Social events|||||424|||||424|135|
|Flowers|||||||601|||601|587|
|Grants made||||8|24,573||5,559||450|30,582|64,ii6|
|Refugee sponsorship|||||||7,260|||7,260|2,193|
|Independent
Examination|||fee||2,250|||||2,250|2,250|
||||||322,087|7,416|32,148|666||362,317|451,090|
|Note 8 Grants
made||||||||||||
|Church overseas:||||||||||||
|- missionary
societies|||||5,400|||||5,400|5,400|
|—relief and development|||agencies||7,000||975|||7,975|7,715|
|UK missions/other
Church|||Societies||8,600||2,695|||11,295|12,449|
|Secular charities|||||2,573||1,889|||4,462|6,440|
|Churches
together
in|Hampstead||||||||||30,562|
|Individuals
for relief|of|poverty|||||||450|450|550|
|Hampstead
Parochial|School||||1,000|||||1,000|1,000|
|||||2)|24 5)3||5 559|450||30,582|64,116|
|Note 9 Expenditure
on||raising funds||||||||||
|Services, voluntary
rate||Et|events||||2,708|||2, 708|2,209|
|Printing
and books|||||2,509|||||2,509|2,490|
|Traidcraft stall|||||||2,621|||2,621|1,114|
|Dennington
Park Mansions||||||||3,753||3,753|1,461|
|100Frognal||||||||13,117||13,117|12,190|
||||||2, 509||5,329|16,870||24,708|19,464|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Salaries||||||84,482|78,666|
|Social Security||||||1,230|961|
|Pension costs||||||7,822|8,240|
|||||||93,534|87,867|
|No employee
received employee
benefits
in excess of E60,000.
Ihe PLL operates a money purchase
scheme through
II'I Keurement||||boluuons|for staft.|||
##
|Note 13|Fixed assets|- equipment|- equipment|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Equipment||Depreciation||Net Book Value|
|Assets at|start of year||||25,679||(23,430)||2,249|
|Additions|||||||(1,124)||(1,124)|
|Disposals||||||||||
|Assets at|end ofyear||||25 679||24 554||1 125|
|Note 14|Financial assets|||||||||
|The significance offinanciol|||investments||to the PCC's|finoncial position isset||out in the PCC's|annual report,|
|Investments
at fair value:||||||1 January|Purchases|Investment|31 December|
|||||||2021|(Sales)|Gains(Losses)|2021|
|-Restricted||||||||||
|1267
CBF Investment||Fund|shares|||25,957||3 713|29,670|
|||||||25,957||3,713|29,670|
|-Endowment||||||||||
|Freehold|of 100Frognal|and|long lease of||Flat A|981,000|||981,000|
|Long lease of Flat 10a, Dennington||||Park Mansions||399,500|||399,500|
|2,338|CBFInvestment|Fund|shares|||21,944||3,139|25,083|
|1,501|M Et G Charifund|units||||20,602||2,756|23,358|
|||||||1,423,046||5 895|1,428,941|
##
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##
|Note 18 Endowment|funds||Balances|Income|Expenditure|(Losses)l|Transfers|Balances|
|---|---|---|---|---|---|---|---|---|
||||1 January|||Gains on|between|31 December|
||||2021|||investments|Funds|2021|
|Frances Grossfield|Memorial|Fund|9,760|447|(67)|1,108||11,248|
|John Cooling Fund
Frederick
Eickhoff|Memorial|Fund|15,596
2,869|515
149|(450)
(149)|1,279
369||16,940
3,238|
|Parish Development|Fund||1,393,020
1,421,245|46,694
47,805|(16,870)
(17,536)|3,139
5,895|(25,000)
(25,000)|1,400, 983
1,432,409|
|2020|||1,414,997|51,765|(14,694)|(5,823)|(25,000)|1,421,245|
##
##
##
|the discount
rate|is recognised|a|s a|finan|ce cost.||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||31|December||31|December|
|PRESENT VALUES OF PROVISION|||||||||2021|||2020|
||||||||||E|||C|
|Present value of|provision||||||||4,041|||16,808|
|RECONCILIATION|OF OPENING|AND||CLOSING PROVISIONS|||||||||
|Provision at start|of year||||||||16,808|||20,153|
|Unwinding
of the|discount factor||(interest expense)|||||40|||204||
|Deficit contribution
paid||||||||(3,953)||(3,838)|||
|Remeasurements|- impact of any||change||in assumptions|||(46)|||289||
|Rerneasurements|- amendments||to|the contribution||schedule||(8,808)|||||
|||||||||(12,767)|(12,767)|(3,345)||(3,345)|
|Provision at end|of year||||||||4,041|||16,808|
|IMPACT ON STATEMENT OF FINANCIAL|||||ACTIVITIES||||||||
|Interest expense|||||||||||40|204|
|Remeasurements|- impact of any||change||in assumptions||||||(46)|289|
|Remeasurements|—amendments||to|the contribution||schedule||||(8,808)|||
|Contributions
paid in respect of|||future service*||||||||3,664|4,402|
|Costs recognised|in income and|expenditure
account|||||Note 7|||42,967||3,838|
|"includes defined|contribution|schemes|||and future service||contributions|(i.e, excluding|any deficit|reduction|payments)|to defined|
|benefit schemes|which are treated|||as defined contribution|||schemes.||||||
|ASSUMPTION|||||31 December||Combined|2020|2019||||
|Rate of discount|||||||1.18K|0.2770|1.13K||||
##
|Note 22 Grants
and|Note 22 Grants
and||donations|donations|to|charities|charities|2021|2021||2021||2020|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Restricted||Combined||Combined|E|
|Church Overseas-|Missionary||||Societies||||||||||
|ALMA||||||||1,800|||||1,800||
|Embrace the Middle|||East|||||1,800|||||1,800||
|US. unrestricted||||||||1,800|||||1,800||
|||||||||5,400|||5,400|||5,400|
|Overseas-
Relief|ft|Development||||Agencies|||||||||
|Asra Hawariat
School||||||||1,000|||||1,000||
|Bethlehem
Arab Society for Rehabilitation||||||||1,000|||||1,000||
|Practical Action||||||||1,000|||||1,000||
|island Hospice Zimbabwe||||||||1,000|||||1,000||
|Send a Cow|||||||||975||||715||
|Sightsavers||||||||1,000|||||1,000||
|Christian
Aid||||||||2,000|||||2,000||
|||||||||7,000|975||7&975|||7,715|
|UK Missions
and other Church|||||organisations||||||||||
|Bishop of Edmonton's|||Discretionary||||Fund||695||||||
|Bishop of London's|Lent Appeal||||||||919||||||
|Caris Haringey||||||||2,000||156|||4,489||
|Church of England's||Children||Society||||2,000|862||||2,641||
|Caris Camden/Caris|||Families|||||2,000|||||2,688||
|London
Churches|Refugee Fund|||||||2,000|||||2,000||
|C4WS||||||||||63|||31||
|PSALM||||||||600|||||600||
|||||||||8,600|2,695||11,295|||12,449|
|Hampstead
Parochial
School
Relief of Poverty
(John Cooiing|||||Fund)|||1,000||450|1)000
450||1,000
550|1,000
550|
|Secular charities|||||||||||||||
|Citizens
UK|||||||||||||700||
|Marie Curie||||||||||209|||||
|Solace|||||||||||||640||
|Soldiers Sailors b|Airmen's
Families||||||Assn|||735|||||
|Age UK (Camden)|||||||||||||1,500||
|Traidcraft
Foundation||||||||||465|||600||
|XLP||||||||573||427|||1,000||
|Freedom
from Torture||||||||2,000||53|||2,000||
|||||||||2,573|1,889||4,462|||6,440|
|TOTAL||||||||24,573|6,009||30,5&2|||33,554|
##
|Note 23 Prior period comparative|statement
offinancial
ac|statement
offinancial
ac|statement
offinancial
ac|tivities.||||
|---|---|---|---|---|---|---|---|
||Statement
of Activities|||for year|ending
31|December 2020||
|Income from:||General|Designated||Restricted|Endowment||
|||Fund|Fund||Funds|Funds|Combined|
|||E||E|E|E|E|
|Donations
and legacies||307,551|100,000||27,518||435,069|
|Other trading
activities||16,519|||6,464||22,983|
|Investments||2,127|||1,090|51,765|54,982|
|||326,197|100,000||35,072|51,765|513,034|
|Expenditure
on'.||||||||
|Raising funds||349,648||48,786|51,613|1,043|451,090|
|Charitable
activities||2,490|||3,323|13,651|19,464|
|Total resources expended||352,138|48,786||54,936|14,694|470,554|
|Net income before gains on||||||||
|investments||(25,941)|51,214||(19,864)|37,071|42,480|
|Net Gain on investments|||||1,670|(5,823)|(4,153)|
|Net income before transfers||(25,941)||51,214|(18,194)|31,248|38,327|
|Transfers
between
funds||25,000||||(25,000)||
|Net income after transfers||(941)||51,214|(18,194)|6,248|38,327|
|Other recognised
gains/losses;||||||||
|Actuarial
gain on defined
benefit pension scheme|21|3,345|||||3,345|
|Net movement
in funds||2,404||51,214|(18,194)|6,248|41,672|
|Reconciliation ofFunds||||||||
|Total Funds brought
forward||16,282|525,821||91,589|1,414,997|2I048,689|
|Total Funds carried forward||18,686|577,035||73,395|1,421,245|2,090,361|
##
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##
##