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| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||||
| Note | |||||||||||
| Fixed assets | |||||||||||
| Tangible | fixed assets | 7(a) | 1,303,051 | 1,351,898 | |||||||
| Investment | assets | 7(b) | 545,556 | 443,229 | |||||||
| 1,848,607 | 1,795,127 | ||||||||||
| Current | assets | ||||||||||
| Stock | 365 | 365 | |||||||||
| Debtors | 9 | 145,740 | 47,558 | ||||||||
| Cash at bank and | in | hand | 661,878 | 711,665 | |||||||
| 807,983 | 759,588 | ||||||||||
| Current | liabilities | ||||||||||
| Liabilities: | Amounts | falling | |||||||||
| due within | one year | 10 | (38,433) | (33,753) | |||||||
| (38,433) | (33,753) | ||||||||||
| Net current assets | 769,550 | 725,835 | |||||||||
| Defined benefit pension scheme | liability | (4,000) | |||||||||
| Net assets | 8 | 2,618,157 | 2,516,962 | ||||||||
| Funds | |||||||||||
| Unrestricted | - General | fund | 572,466 | 515,374 | |||||||
| Unrestricted | - Sundry | designated | funds | 378,014 | 330,858 | ||||||
| Unrestricted | - Designated | fund (relating to tangible | fixed assets) | 1,292,052 | 1,334,794 | ||||||
| Restricted | 275,273 | 247,413 | |||||||||
| Endowment | 100,352 | 88,523 | |||||||||
| 2,618,157 | 2,516,962 |
| Forthe year ended 31 | stDecem | ber | 2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Net cash from/(used in) operating activities |
(3,900) | 63,877 | ||||
| Cash flows from/(used in) investing activities |
||||||
| Dividends interest and rent from investments |
5,866 | 5,827 | ||||
| Proceeds from the sale of | ||||||
| Tangible fixed assets | 500 | |||||
| Purchase of | ||||||
| Tangible fixed assets for | the use of | the | PCC | (10,470) | (62,496) | |
| Fixed asset investments | (41,283) | (172,089) | ||||
| Net cash used in investing | activities | (45,887) | (228,258) | |||
| Change in cash and cash equivalents |
in | the | (49,787) | (164,381) | ||
| reporting period |
||||||
| Cash and cash equivalents at |
1 January | 711,665 | 876,046 | |||
| Cash and cash equivalents at |
31 December | 661,878 | 711,665 | |||
| Reconciliation ofnet income/(expenditure) |
before | |||||
| investment gains |
||||||
| Net income/(expenditure) before inwstment |
gains 31 December | 40,151 | (89,447) | |||
| Adjustments for: |
||||||
| Profit on sale offixed assets | (500) | |||||
| Depreciation charges |
59,317 | 55,997 | ||||
| Dividends, interest and rent from investments |
(5,866) | (5,827) | ||||
| (Increase)/decrease in debtors |
(98,182) | 100,582 | ||||
| Increase in creditors |
4,680 | 4,816 | ||||
| Decrease in stock |
256 | |||||
| Decrease in pension provision |
(4,000) | (2,000) | ||||
| Net cash provided by/(used |
in) operating | activities | (3,900) | 63,877 | ||
| Analysis ofcash and cash equivalents | ||||||
| Cash at bank and in hand |
661,878 | 711,665 | ||||
| Notice deposits (less than three months) | ||||||
| 661,878 | 711,665 |
| %ofpensionable | stipends | January 2018to | January 2021 to |
|---|---|---|---|
| December 2020 | December 2022 | ||
| Deficit repair contributions | 11.9% | 71% |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Balance sheet liability at | 1 January | 4,000 | 6,000 | ||
| Deficit contribution paid Interest cost (recognised |
in SoFA) | (1,000) | (3,000) | ||
| Remaining change to the |
balance sheet liability* | (recognised | in SoFA) | (3,000) | 1,000 |
| Balance sheet liability at | 31 December | 4,000 |
| December 2021 | December 2020 | December 2019 | ||
|---|---|---|---|---|
| Discount rate Price inflation Increase to total pensionable |
payroll | 0.0%pa n/a (1.5%)pa |
0.2% pa 3.1%pa 1.6%pa |
1.1%pa 2.8% pa 1.3%pa |
| to th | e Financial | Stateme | n | ts fo |
r | the | year en | ded 31stD | ecember 2 | 021 | 021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TOTAL | FUNDS | |||||||||||
| Funds | Funds | Funds | 2021 | 2020 | |||||||||||
| Note | E | ||||||||||||||
| Income and endowments | from | ||||||||||||||
| 4a | Donations | ||||||||||||||
| Planned giving: |
|||||||||||||||
| Gift Aid donations | 402,844 | 112,490 | 515,334 | 469,405 | |||||||||||
| Income tax recoverable | 104,566 | 28,734 | 133,300 | 118,638 | |||||||||||
| Other | planned | giving | 94,182 | 17,773 | 111,955 | 102,696 | |||||||||
| Collections | (open plate) at all | senices | 6,226 | 2,841 | 9,067 | 7,792 | |||||||||
| Gift days | |||||||||||||||
| Sundry donations |
48,264 | 20,835 | 69,099 | 46,003 | |||||||||||
| Donated seniices and | facilities | 18,000 | 18,000 | 18,000 | |||||||||||
| Grants | 6,750 | 6,750 | 2,000 | ||||||||||||
| Donations, | appeals, | etc. | 7,876 | 7,876 | 7,636 | ||||||||||
| 680,832 | 190,549 | 871,381 | 772,170 | ||||||||||||
| 4b | Legacies | ||||||||||||||
| Legacies | |||||||||||||||
| 4c | Charitable | activities | |||||||||||||
| Fetes, and | other fund-raising | events | 3,815 | 3,815 | 3,444 | ||||||||||
| 3,815 | 3,815 | 3,444 | |||||||||||||
| 4d | Other trading activities |
||||||||||||||
| Magazines | |||||||||||||||
| Bookstall | 798 | 798 | 1,478 | ||||||||||||
| Church hall |
lettings | etc. | 16,177 | 250 | 16,427 | 12,275 | |||||||||
| Fees | 7,486 | 7,486 | 5,035 | ||||||||||||
| 24,461 | 250 | 24,711 | 18,788 | ||||||||||||
| 4e | investments | ||||||||||||||
| Dividends and interest |
4,553 | 1,313 | 5,866 | 5,827 | |||||||||||
| 4,553 | 1,313 | 5,866 | 5,827 | ||||||||||||
| 4f | Other | ||||||||||||||
| Job Retention Scheme | income | 758 | 758 | 14,525 | |||||||||||
| Profit on sale ofiixed | assets | 500 | |||||||||||||
| Profit on sale ofinmstments | |||||||||||||||
| 758 | 758 | 15,025 | |||||||||||||
| Totalincome and | endownents | 714,419 | 192,112 | 906,531 | 815,254 | ||||||||||
| 5 | Expenditure on |
||||||||||||||
| sa | Raising funds | ||||||||||||||
| Fetes and | other fund | raising | events | ||||||||||||
| 5b | Charitable | activities- | Grants | ||||||||||||
| No. of | |||||||||||||||
| Missionary | and Charitable | giving: | grants | ||||||||||||
| Church Overseas: | |||||||||||||||
| Institutions: | |||||||||||||||
| Missionary | societies | ||||||||||||||
| CMS | 7,500 | 7,500 | 7,500 | ||||||||||||
| OMF | 8,650 | 8,650 | 8,650 | ||||||||||||
| Amounts | under | F500 | 185 | ||||||||||||
| 16,150 | 16,150 | 16,335 |
| No. of | Unrestricted | Restricted | Endowment | TOTAL | FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5b | Charitable | activities - Grants | (cont) | grants | Funds | Funds | Funds | 2021 | 2020 | ||
| Missionary | and Charitable giving: |
||||||||||
| Relief and development agencies Novi Most International * |
4,804 | 4,804 | 6,465 | ||||||||
| Christian | Solidarity | Worldwide | 4,300 | 4,300 | 5,000 | ||||||
| Christian | Aid | 880 | |||||||||
| Workaid | 1,200 | ||||||||||
| PartnerAid UK |
1,200 | ||||||||||
| Restore | Hope Latimer | 3,000 | |||||||||
| Tearfund | 5,015 | 1,906 | 6„921 | 5,871 | |||||||
| Fountain | ofPeace | 4,057 | 4,057 | 4,207 | |||||||
| Anglican | International Development |
||||||||||
| Operation | Mobilisation | 2,600 | 2,600 | 2,600 | |||||||
| ROPE $ | 1,200 | ||||||||||
| Amounts | under F500 | 306 | 306 | 349 | |||||||
| 21,082 | 1,906 | 22,988 | 31,972 | ||||||||
| No, of | |||||||||||
| Missionary | and Charitable giving: |
grants | |||||||||
| Home | missions | and other | church societies: | ||||||||
| Institutions: | |||||||||||
| The Church Army |
715 | 715 | 871 | ||||||||
| USPG | 840 | 840 | 1,141 | ||||||||
| CPAS | 3,088 | 3,088 | 6,950 | ||||||||
| Interseive | (Urban Vision) | 2,200 | 2,200 | 2,200 | |||||||
| TraidcraR | Exchange | 500 | 500 | 500 | |||||||
| St George's Church, Iraq |
1,202 | ||||||||||
| Prison Fellowship | 504 | 504 | 1,794 | ||||||||
| Archdeacon ofBucks Clergy Charity |
600 | 600 | 600 | ||||||||
| Children's | Society | 840 | &40 | 1,141 | |||||||
| Betel | 7,500 | 14,474 | 21,974 | 7,500 | |||||||
| Christians | Against | Poverty | 4,629 | 3,309 | 7,938 | 9,142 | |||||
| Chesham | Ecumenical Society |
1,141 | |||||||||
| Open Doors | 3,805 | 3,805 | 3,805 | ||||||||
| Wyclige Bible Translators | 2,700 | 2,700 | 2,700 | ||||||||
| Root and | Branch | ||||||||||
| Bible Society | 1,200 | ||||||||||
| SeNing in Mission |
UK | 8,700 | 8,700 | 10,550 | |||||||
| Aflinity | 500 | 500 | |||||||||
| Urban Saints | 1,000 | ||||||||||
| Pastor Training International+ |
1,200 | ||||||||||
| Crosslinks Amounts |
under f500 | 1,200 256 |
|||||||||
| Individuals: | 1,000 | 1,000 | 650 | ||||||||
| 38,121 | 17,783 | 55,904 | 56,743 | ||||||||
| Christians working outside |
the parish: | ||||||||||
| Institutions: | |||||||||||
| The Beacon School | Ghana | 3 | 14,470 | 14,470 | 21,595 | ||||||
| Embrace | the Middle East | 2 | 840 | 840 | 2,141 | ||||||
| Individuals: | 4 | 8,900 | 6,240 | 15,140 | 15,740 | ||||||
| 24,210 | 6,240 | 30,450 | 39,476 | ||||||||
| Secular charities | 8 relief ofpoverty: | ||||||||||
| Institutions: | |||||||||||
| St Francis | Hospice | 504 | 504 | 594 | |||||||
| Chiltem House Matters |
2,400 | ||||||||||
| Chesham | sick poor | fund | 504 | 504 | 594 | ||||||
| Chiltem Music Therapy |
594 | ||||||||||
| Waterside | Primary | School | 840 | 840 | |||||||
| Amounts | under f500 | 121 | |||||||||
| Individuals: | |||||||||||
| 1,848 | 4,303 | ||||||||||
| Total number | ofgrants | made to | institutions | 40 | 101,411 | 25,929 | 127,340 | 148,829 |
| inancial Statement | for | the | year | end | ed 31s | tDecember 2 | 021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TOTAL | FUNDS | |||||||
| Funds | Funds | Funds | 2021 | 2020 | |||||||
| 6 | E | E | |||||||||
| Charitable activities - |
Work | ofthe church | |||||||||
| Ministry | |||||||||||
| Parish share | 231,546 | 231,546 | 231,690 | ||||||||
| Working expenses | ofclergy & ministerial | staff | 9,109 | 9,109 | 21,141 | ||||||
| Rent, repairs & maintenance |
ofstaif housing | 84,491 | 12,661 | 97,152 | 83,548 | ||||||
| Staff & secretarial | salaries | 51,382 | 45,295 | 96,677 | 117,938 | ||||||
| Layreaders, NSM |
and visiting | speakers | 300 | 300 | 175 | ||||||
| Church - running costs |
|||||||||||
| Music & equipment | 8,142 | 8,142 | 6,859 | ||||||||
| Heat & light | 18,773 | 2,945 | 21,718 | 25,509 | |||||||
| Insurance | 14,399 | 14,399 | 13,863 | ||||||||
| Minor repairs &senices |
17,646 | 5,344 | 22,990 | 21,022 | |||||||
| Sundry including |
refreshments | 6,537 | 4,047 | 10,584 | 11,961 | ||||||
| Remuneration ofvergers, |
organists | and choir | |||||||||
| Church outreach, mission & ministry |
94,486 | 55,532 | 150,018 | 151,339 | |||||||
| Expenditure on printing |
& stationery | 4,434 | 4,434 | 4,154 | |||||||
| Major repairs & improvements |
to church | buildings | 4,380 | 4,380 | 880 | ||||||
| Expenditure on consecrated |
buildings | 3,025 | 3,025 | 3,364 | |||||||
| Church hall running costs |
65 | 65 | 397 | ||||||||
| Purchases 8 costs for |
bookstall etc. for | resale | 497 | 497 | 1,332 | ||||||
| Bank charges and loan |
interest | 233 | 233 | 214 | |||||||
| Sundry expenses | 1,490 | 472 | 1,962 | 2,057 | |||||||
| Auditors remuneration |
|||||||||||
| Independent Examiners |
fee | 2,492 | 2,492 | 2,432 | |||||||
| Depreciation | |||||||||||
| Buildings | 35,477 | 35,477 | 29,525 | ||||||||
| Plant, vehicles 8 |
equipment | 17,735 | 6,105 | 23,840 | 26,472 | ||||||
| 602,259 | 136,781 | 739,040 | 755,872 | ||||||||
| Total expenditure | 703,670 | 162,710 | 866,380 | 904,701 | |||||||
| Staff costs | |||||||||||
| Wages and salaries | 93,595 | 63,311 | 156,906 | 189,891 | |||||||
| Social security costs | 5,401 | 4,662 | 10,063 | 13,220 | |||||||
| Pension contributions |
10,212 | 7,914 | 18,126 | 27,202 | |||||||
| 109,208 | 75,887 | 185,095 | 230,313 |
| Investment assets |
2021 | 2020 | |||
|---|---|---|---|---|---|
| E | E | ||||
| Market value brought |
forward | 443,229 | 257,914 | ||
| Additions to investments at cost |
41,283 | 172,089 | |||
| Disposal proceeds |
|||||
| Add net gain on revaluation | 61,044 | 13,226 | |||
| Market value as at 31 | December | 545,556 | 443,229 | ||
| Investments comprise: |
Market value | ||||
| No. Shares | E | ||||
| Listed investments | |||||
| RELXGroup (formerly | Reed Elsevier) | 3,324 | 79,842 | ||
| Mitchells & Butter |
42 | 108 | |||
| Endowment funds |
|||||
| Glasgow - CBF C ofE Inwstment | Fund | 646 | 15,128 | ||
| Hawkins -CBFC ofE Investment |
Fund | 3,365 | 78,805 | ||
| Other Investments | |||||
| CBF C ofE Investment | Fund Acc | shares | 2,653 | 154,958 | |
| CBF UK Equity Fund Acc shares |
2,912 | 11,962 | |||
| CBF Property Fund Inc shares |
7,542 | 11,153 | |||
| CBF Fixed Interest Securties Acc | shares | 1,581 | 9,544 | ||
| CBF Investment Fund |
Acc shares | 201 | 11,726 | ||
| Long term bank deposit - maturing | in April 2022 | 172,330 | |||
| 545,556 |
| inancial Statements for the |
inancial Statements for the |
inancial Statements for the |
inancial Statements for the |
year | ended 31stDecember 2 | 021 | |||
|---|---|---|---|---|---|---|---|---|---|
| Analysis ofnet assets by fund |
|||||||||
| Unrestricted | Restricted | Btdow ment | |||||||
| 2021 | Fund | Fund | Fund | Total | |||||
| f | f | f | |||||||
| Fixed Assets | 1,743,673 | 10,999 | 93,935 | 1,848,607 | |||||
| Current Assets | 537,292 | 264,274 | 6,417 | 807,983 | |||||
| Current Liabilities |
(38,433) | (38,433) | |||||||
| Long-term liabilities |
|||||||||
| Fund balance | 2,242,532 | 275,273 | 100,352 | 2,618,157 | |||||
| Unrestricted | Restricted | Eitdow nant | |||||||
| 2020 | Fundf | Fund f |
Fund f |
Total f |
|||||
| Fixed Assets | 1,697,199 | 17,104 | 80,823 | 1,795,126 | |||||
| Current Assets | 521„580 | 230,309 | 7,700 | 759,589 | |||||
| Current Liabilities |
(33,753) | (33,753) | |||||||
| Long-term liabilities |
(4,000) | (4,000) | |||||||
| Fund balance | 2,181,026 | 247,413 | 88,523 | 2,516,962 | |||||
| Debtors | |||||||||
| 2021f | 2020f | ||||||||
| Income tax recoverable | 30,587 | 22,874 | |||||||
| Prepayments and accrued interest |
8,909 | 8,737 | |||||||
| Other debtors | 106,244 | 15,947 | |||||||
| 145,740 | 47,558 | ||||||||
| Included within |
other debtors | is a long term loan off100,000 to the | Green | Hill Trust | on which 3'lo | interest is |
|||
| The loan is unsecured | and repayable | on 31 December 2026 | |||||||
| Liabilities: Amounts | falling | due within | one year | ||||||
| 2021f | 2020f | ||||||||
| Accruals and deferred |
income | 29,020 | 13,339 | ||||||
| Creditors for goods and |
sentices | 8,165 | 7,079 | ||||||
| Other creditors | 1,248 | 13,335 | |||||||
| 38,433 | 33,753 |
| icted Funds |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | |||||||||
| beginning of |
Balance at | ||||||||
| 2021 | year f |
Income f |
Expenditure | Transfers f |
end ofyear f |
||||
| Eternity Matters |
fund | 50,493 | 47,423 | (46,810) | 51,106 | ||||
| Women's & Children's |
Worker fund | 53,524 | 44,564 | (44,074) | 54,014 | ||||
| Meeting Point, |
St Johns | 22,193 | (755) | 21,438 | |||||
| Fixed asset fund | 17,104 | (6,105) | 10,999 | ||||||
| Christians Against |
Poverty | 2,406 | 9,100 | (10,829) | 677 | ||||
| Hope Church | 71,006 | 71,169 | (28,767) | 113,408 | |||||
| Christ Church | Building | repair fund | 10,238 | (2,505) | 7,733 | ||||
| Missions | 2,993 | 15,871 | (16,380) | 2,484 | |||||
| Youth work fund | 2,560 | (910) | 1,650 | ||||||
| Sundry small |
funds | 14,896 | 3,985 | (5,575) | (1,542) | 11,764 | |||
| Total | 247,413 | 192,112 | (162,710) | (1,542) | 275,273 |
| Restricted | Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | |||||||||
| beginning of |
Balance at | ||||||||
| 2020 | year | Income | Expenditure | Transfers | end ofyear | ||||
| k | E | E | |||||||
| Eternity Matters |
fund | 62,225 | 34,033 | (45,765) | 50,493 | ||||
| Women's & Children's |
Worker fund | 54,803 | 42,358 | (43,637) | 53,524 | ||||
| Meeting Point, St |
Johns | 22,193 | 22,193 | ||||||
| Fixed | asset fund | 23,209 | (6,105) | 17,104 | |||||
| Christians Against |
Poverty | 3,404 | 6,475 | (7,473) | 2,406 | ||||
| Hope | Church | 77,544 | 14,675 | (21,213) | 71,006 | ||||
| Christ | Church Building |
repair fund | 10,238 | 10,238 | |||||
| Missions | 3,002 | 1,333 | (1,342) | 2,993 | |||||
| Youth | work fund | 2,560 | 2,560 | ||||||
| Sundry | small funds | 9,330 | 13,448 | (7,882) | 14,896 | ||||
| Total | 268,508 | 112,322 | (133,417) | 247,413 |