## ## |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|||| ||Sheraton
House, Lower Road|||| ||Chorleywood|||| ||Hertfordshire|||| ||WD3
5LH|||| |Bankers|CAF Bank Ltd|||| ||Kings
Hill|||| ||West Mailing|||| ||Kent|||| ||ME194TA|||| |Legal Advisors|Debenhams
Ottaway|||| ||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| ||||0
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m|| ## ## ||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|