| Members | Revd David Hall (Vicar) |
Revd David Hall (Vicar) |
||
|---|---|---|---|---|
| Revd Jacob Harrison | (Curate) | |||
| Revd Terence Russoff | (Curate) | |||
| Oyinkan Adesakin | ||||
| (Churchwarden) | ||||
| Geoff Roberts (Churchwarden) | ||||
| Sylvia Mann (Assistant | ||||
| Churchwarden) | ||||
| Helene Buijs | ||||
| Emily Clode | (Appointed | 14 October 2020) | ||
| Gordon Cutting |
||||
| James Gardner | ||||
| Philippa Greenslade |
||||
| Duncan Kerr (Diocesan Synod) |
||||
| Rodger Lutterodt | ||||
| Olu Olanrewaju | ||||
| Mark Sullivan | ||||
| Charity number | 1129662 | |||
| Auditor | Summers Morgan |
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| Sheraton House, Lower Road |
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| Chorleywood | ||||
| Hertfordshire | ||||
| WD3 5LH |
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| Bankers | CAF Bank Ltd | |||
| Kings Hill |
||||
| West Mailing | ||||
| Kent | ||||
| ME194TA | ||||
| Legal Advisors | Debenhams Ottaway |
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| 107 St Peter' s | ||||
| StAlbans | ||||
| Herts | ||||
| AL1 3EW |
| Page | |||
|---|---|---|---|
| Members' | report | 1-9 | |
| Statement | of members' | responsibilities | 10 |
| Independent auditor's |
report | 11 - 13 | |
| Statement | offinancial | activities | 14 |
| Balance sheet | 15 | ||
| Statement | ofcash flows | 16 | |
| Notes to | the financial | statements | 17-29 |
| Unrestricted Endowment |
Unrestricted Endowment |
Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| Notes | 2020 E |
2020f | 2020 | 2020 f |
2019f | |
| Income and endowments from: Donations and legacies Income from charitable activities Investments Other income |
520,646 45,555 49,502 2,018 |
55,561 881 |
576,207 46,436 49,502 2,018 |
514,968 86,459 2,473 7,761 |
||
| Total income | 617,721 | 56,442 | 674,163 | 611,661 | ||
| Ex enditure on: Charitable activity expenditure |
662,754 | 18,162 | 680,916 | 689,474 | ||
| Net (expenditure)/income before transfers |
(45,033) | 38,280 | (6,753) | (77,813) | ||
| Gross transfers between funds |
39,824 | (39,824) | ||||
| Net outgoing resources |
(5,209) | (1,544) | (6,753) | (77,813) | ||
| Other recognised gains and losses Revaluation oftangible fixed assets |
480,000 | 480,000 | ||||
| Net movement in funds |
474,791 | (1,544) | 473,247 | (77,813) | ||
| Fund balances at 1 January 2020 | 1,789,087 | 274,057 | 5,951 | 2,069,095 | 2,146,908 | |
| Fund balances at 31 December 2020 |
2,263,878 | 274,057 | 4,407 | 2,542,342 | 2,069,095 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | f | ||||||||
| Fixed assets | |||||||||
| Tangible assets | 10 | 746,681 | 1,795,000 | ||||||
| Investment | properties | 11 | 1,550,000 | ||||||
| 2,296,681 | 1,795,000 | ||||||||
| Current assets | |||||||||
| Stocks | 12 | 837 | 837 | ||||||
| Debtors | 13 | 11,982 | 13,832 | ||||||
| Cash at bank and | in | hand | 360,813 | 395,124 | |||||
| 373,632 | 409,793 | ||||||||
| Creditors: | amounts | falling due within | |||||||
| one year | 14 | (32,854) | (27,389) | ||||||
| Net current | assets | 340,778 | 382,404 | ||||||
| Total assets less | current | liabilities | 2,637,459 | 2,177,404 | |||||
| Creditors: | amounts | falling due after | |||||||
| more than | one year | (95,117) | (108,309) | ||||||
| Net assets | 2,542,342 | 2,069,095 | |||||||
| Income funds | |||||||||
| Restricted funds | 17 | 4,407 | 5,951 | ||||||
| Endowment | funds | - designated | 274,057 | 274,057 | |||||
| Unrestricted | funds | ||||||||
| Designated | funds | 18 | 1,336,559 | 1,452,966 | |||||
| Designated | revaluation | reserve | 813,019 | 333,019 | |||||
| General unrestricted | funds | 114,300 | 3,102 | ||||||
| 2,263,878 | 1,789,087 | ||||||||
| 2,542,342 | 2,069,095 | ||||||||
| The financial | statements | were approved | by the Members | on ... | |||||
| Revd David | Hall (Vicar) | Geoff Roberts | (Churchwarden) | ||||||
| Trustee | Trustee |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | ||||||
| Cash flows from operating Cash absorbed by operations |
activities | 21 | (50,163) | (49,309) | |||
| Investing activities Purchase oftangible fixed assets Investment income received |
(21,681) 49,502 |
(800,000) 2,473 |
|||||
| Net cash generated from/(used investing activities |
in) | 27,821 | (797,527) | ||||
| Financing activities Repayment of bank loans |
(11,969) | (11,139) | |||||
| Net cash used in financing | activities | (11,969) | (11,139) | ||||
| Net decrease in cash and |
cash | equivalents | (34,311) | (857,975) | |||
| Cash and cash equivalents | at beginning | ofyear | 395,124 | 1,253,099 | |||
| Cash and cash equivalents | at | end of | year | 360,813 | 395,124 |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | ||||||||
| 2020f | 2020 | 2020 F |
2019 F |
||||||
| Taxed standing orders |
&other donations | 400,204 | 35,930 | 436,134 | 369,080 | ||||
| Collection envelopes | 8 | other gift aid | 7,874 | 1,214 | 9,088 | 42,945 | |||
| Income tax recoverable | on SO & gift aid | 96,818 | 7,667 | 104,485 | 86,627 | ||||
| Untaxed standing |
order | / GAYE | 15,750 | 10,750 | 26,500 | 16,316 | |||
| Legacies | 5,532 | ||||||||
| For the year | ended 31 | December | 2020 | 520,646 | 55,561 | 576,207 | 514,968 | ||
| For the year | ended 31 | December | 2019 | 506,071 | 8,897 | 514,968 | |||
| Income from charitable | activities | ||||||||
| 2020 | 2019 | ||||||||
| f | |||||||||
| Weddings | 3,094 | 5,519 | |||||||
| Funerals | 8,223 | 7,115 | |||||||
| YPF Events | 3,632 | 5,892 | |||||||
| Hire of rooms | 9,044 | 23,818 | |||||||
| Junction events | 4,570 | 17,246 | |||||||
| Toddlers | 491 | 1,216 | |||||||
| Bookstall | 177 | 1,089 | |||||||
| Rental | 21,000 | ||||||||
| Other trading | income | 2,797 | 3,564 | ||||||
| Job retention | scheme | grant | 14,408 | ||||||
| 46,436 | 86,459 | ||||||||
| Analysis by fund |
|||||||||
| Unrestricted | funds | 45,555 | |||||||
| Restricted funds |
881 | ||||||||
| 46,436 | |||||||||
| For the year | ended 31 | December 2019 | |||||||
| Unrestricted funds |
82,967 | ||||||||
| Restricted funds |
3,492 | ||||||||
| 86,459 |
| 4 | Investments | ||
|---|---|---|---|
| 2020 | 2019 | ||
| F | |||
| House rental income | 46,983 | ||
| Interest receivable | 2,519 | 2,473 | |
| 49,502 | 2,473 |
| Other | income | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020f | 2019 | ||
| Other | income | 698 | 1,896 |
| Cafe | donations | 1,320 | 5,865 |
| 2,018 | 7,761 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Staff costs | 231,658 | 206,554 | |||
| Depreciation and |
impairment | 7,657 | |||
| Parish share | 199,049 | 195,233 | |||
| House repairs 8 maintenance | 12,087 | 11,551 | |||
| House mortgage | interest | 2,618 | 3,448 | ||
| Church running expenses |
44,117 | 38,219 | |||
| Church projects |
15,036 | 4,902 | |||
| Church training and mission |
4,382 | 4,394 | |||
| Pastoral care | 1,794 | 1,568 | |||
| Resources for work with young | people | 5,325 | 9,610 | ||
| Resources for work with children | 2,333 | 7,950 | |||
| Charitable activity |
costs (in relation | to note 3) | 13,539 | 30,180 | |
| Services costs | 21,992 | 37,334 | |||
| Office expenses | 4,827 | 7,651 | |||
| Equipment costs |
5,611 | 7,730 | |||
| Bank charges | 165 | 176 | |||
| Auditors remuneration |
7,362 | 5,043 | |||
| 571,895 | 579,200 | ||||
| Grant funding of activities (see note |
7) | 109,021 | 110,274 | ||
| 680,916 | 689,474 | ||||
| Analysis by fund |
|||||
| Unrestricted funds |
662,754 | 673,397 | |||
| Restricted funds | 18,162 | 16,077 | |||
| 680,916 | 689,474 |
| Grants payable | ||
|---|---|---|
| 2020 | 2019 | |
| ACET | 3,500 | 3,000 |
| ACPI-Hopkins | 6,300 | 6,300 |
| Altitude Mission |
500 | |
| Ascend | 3,000 | 3,000 |
| Bethany Church Moldova |
3,000 | 3,000 |
| Bethany Church Moldova (FW Memorial) |
2,731 | |
| Christian Solidarity Worldwide |
3,500 | 3,000 |
| Church Army | 3,900 | 3,900 |
| Church Misison Society |
4,500 | 2,000 |
| Church Pastoral Aid Society |
2,000 | 2,000 |
| Church Urban Fund |
3,000 | 5,000 |
| Education Frontier (Kisima School) |
7,318 | 5,344 |
| FEBARadio | 1,250 | 1,250 |
| Food Bank | 943 | |
| Frontier Youth Trust | 1,000 | 1,000 |
| GEM UK Appells | 7,600 | 7,600 |
| Gidcons | 1,000 | 1,000 |
| Haggai Institute Health and Hope |
2,500 2,500 |
2,500 5,500 |
| Jews for Jesus | 1,000 | 1,000 |
| Kenyan Children Project Langham International |
5,500 3,000 |
4,750 3,000 |
| London School ofTheology | 2,000 | 2,000 |
| Mission Aviation Fellowship |
1,250 | 2,250 |
| OM Meads | 4,500 | 4,240 |
| Onelife | 1,250 | 1,250 |
| Partnership Trust —Ellard Philo Trust |
3,300 3,000 |
3,300 3,000 |
| Prison Fellowship | 1,000 | 1,000 |
| Rasa Schools | 2,750 | |
| Restore Hope Latimer Scripture Union |
500 2,000 |
2,123 |
| Tearfund | 5,072 | 6,000 |
| Wafford New Hope Trust Wycliffe BT - Wilson Wycliffe BT —Broomhall Other |
5,857 3,550 3,450 |
3,000 950 3,450 4,929 |
| 109,021 | 110,274 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Number | Number | ||||||
| Full Time Equivalent | |||||||
| Employment costs |
2020f | 2019f | |||||
| Wages and salaries | 213,434 | 191,089 | |||||
| Social security costs | 11,150 | 8,791 | |||||
| Other pension costs | 7,074 | 6,674 | |||||
| 231,658 | 206,554 | ||||||
| There were no employees | (2019:none) whose annual | remuneration | was | f60,000 | or more. | ||
| Tangible fixed assets | |||||||
| Freehold | land | Church | Total | ||||
| and buildingsf | equipmentf | ||||||
| Cost or valuation | |||||||
| At 1 January 2020 | 1,795,000 | 83,511 | 1,878,511 | ||||
| Additions | 21,681 | 21,681 | |||||
| Revaluation | 480,000 | 480,000 | |||||
| Transfer to investment | property | (1,550,000) | (1,550,000) | ||||
| At 31 December 2020 | 725,000 | 105,192 | 830,192 | ||||
| Depreciation and impairment |
|||||||
| At 1 January 2020 | 83,511 | 83,511 | |||||
| At 31 December 2020 | 83,511 | 83,51'I | |||||
| Carrying amount |
|||||||
| At 31 December 2020 | 725,000 | 21,681 | 746,681 | ||||
| At 31 December 2019 | 1,795,000 | 1,795,000 |
| The carrying | value of land included | in land and buildings | comprises: | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| F | F | ||||
| Freehold | 1,795,000 |
| Investment property |
|
|---|---|
| 2020 | |
| Fair value | |
| At 1 January 2020 | |
| Transfers from fixed assets |
1,550,000 |
| At 31 December 2020 | 1,550,000 |
| would ha | ve | been included as follows: |
||
|---|---|---|---|---|
| 2020 | 2019f | |||
| Cost | 1,160,743 | |||
| Accumulated | depreciation | |||
| Carrying | amount | 1,160,743 |
| 12 | Stocks | |||||
|---|---|---|---|---|---|---|
| 2020 F |
2019f | |||||
| Finished | goods and goods for resale | 837 | 837 | |||
| 13 | Debtors | |||||
| 2020 | 2019 | |||||
| Amounts | failing due | within one year: | ||||
| Other debtors | 11,982 | 12,332 | ||||
| Prepayments and accrued income |
1,500 | |||||
| 11,982 | 13,832 | |||||
| 14 | Creditors: amounts | falling due within one year | ||||
| 2020 | 2019 | |||||
| Notes | ||||||
| Mortgage | on 4 Berry | Way | 12,668 | 11,445 | ||
| Accruals | and deferred | income | 20,186 | 15,944 | ||
| 32,854 | 27,389 | |||||
| 15 | Creditors: amounts | falling due after more than one year | ||||
| Notes | 2020f | 2019 | ||||
| Mortgage | on 4 Berry | Way | 16 | 95,117 | 108,309 | |
| 16 | Loans and overdrafts | |||||
| 2020 | 2019f | |||||
| Mortgage | on 4 Berry | Way | 107,785 | 119,754 | ||
| Payable | within one year | 12,668 | 11,445 | |||
| Payable | after one year | 95,117 | 108,309 |
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| During 2020 the | church | received 266,090 in donations | received 266,090 in donations | received 266,090 in donations | from its PCC members. | from its PCC members. | The donors | did not attach | ||
|---|---|---|---|---|---|---|---|---|---|---|
| any conditions to |
the gifts which | required | the church to | significantly | alter the nature of its existing activities. | |||||
| 21 | Cash generated | from | operations | 2020 | 2019 | |||||
| Surplus/(deficit) for the |
year | (6,753) | (77,813) | |||||||
| Adjustments for: |
||||||||||
| Investment income recognised |
in statement offinancial |
activities | (49,502) | (2,473) | ||||||
| Depreciation and |
impairment oftangible |
fixed assets | 7,657 | |||||||
| Movements in working |
capital: | |||||||||
| (Increase) in stocks |
(36) | |||||||||
| Decrease in debtors |
1,850 | 27,067 | ||||||||
| Increase/(decrease) in |
creditors | 4,242 | (3,711) | |||||||
| Cash absorbed | by operations | (50,163) | (49,309) | |||||||
| 22 | Analysis ofchanges in net funds |
|||||||||
| At 1 January | Cash flows | At 31 December | ||||||||
| 2020 | 2020 | |||||||||
| f | f | |||||||||
| Cash at bank and | in hand | 395,124 | (34,311) | 360,813 | ||||||
| Loans falling due | within | one year | (11,445) | (1,223) | (12,668) | |||||
| Loans falling due | after | more than one year | (108,309) | 13,192 | (95,117) | |||||
| 275,370 | (22,342) | 253,028 |