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2020-12-31-accounts

Page No.
Ministry Information
Annual
Report for 2020
Auditor's
Report
Statement ofFinancial Activities 10
Balance Sheet
Statement ofCash Flows 12
Notes to the Accounts 13-22
Statement ofCouncil Members' Responsibilities 23

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AS AT 31DECE MB ER 2020
Note 2020 2019Restated
FIXEDASSETS
Tangible 485,880 501,006
Investment
properties
Listed investments		 6,125,000
295 705		 6,125,000
276 679
6,906,585 6,902,685
CURRENT ASSETS
Debtors 68,315 78,741
Cash at bank and in hand 1 331512 1 601333
1„399,827 1,680,074
LIABILITIES:Amounts falling due
within one year 10 ( 91 202) ( 95 731)
NET CURRENT ASSETS 1 308 625 1584343
NET ASSETS 8 215 210 8487028
FUNDS
Restricted funds 8(b) 519,154 573,767
Endowment
funds		 8(c) 295,705 276,679
Unrestricted
funds:
Designated
funds		 8(d) 7,234,535 7,238,177
General unrestricted funds 11(e) 165 816 398405
7400351 7636582
8 215210 8487 028
Approved
and authorised		 for issue by the Parochial Church Council on lII. AP~( 2021 and signed on its
behalf by:
The Revd Canon Wilma Roest ..
Stephen Cockell (Treasurer)

FORTHE YEAR ENDED 31 DE CEMBER 2 020
2020 2019
Cash (used in) operating
activities
(see below) ( 284,863) ( 206,048)
Cash flows from investing
activities
Interest and dividends
received		 15,042 20,010
Purchases oftangible fixed assets
Proceeds f'rom sale offixed asset investments
Cash provided
by investing
activities		 15042 20 010
Net cash (outflow)/inflow ( 269,821) ( 186,038)
Cash and cash equivalents
at 1"January 2020		 1 601 333 1787371
Cash and cash equivalents
at 31"December 2020		 1 331512 1 601 333
Cash flows from operating
activities
Net income/(expenditure) (271,818) 458,392
Depreciation 15,126 15,126
Interest and dividends
receivable included		 in
investing
activities		 ( 15,042) ( 20,010)
(Gains)/losses
on investments		 ( 19,026) ( 713,598)
Decrease/(increase)
in debtors
(Decrease)/increase
in creditors		 ( 10,426
4.529)		 80,835
0~26.793
Cash (used in) operating
activities		 284 863 206 048

Unrestricted Unrestricted Funds
General Designated Restricted Total Total
2020 2020 202Q 2Q20 2019
Donations and legacies
Grants 311,000 311,000 299,000
Donations, appeals etc. 5,275 5,047 10,322 49,322
Legacies
5 275 316047 321 322 348322
Other trading activities
Fees 7,187 7,187 16,281
Church Hall lettings and rentals:
Parish Rooms
StJohn's Hall
StMatthias
Centre		 4,547
8,601
9,240		 4,547
8,601
9,240		 19,807
27,792
35,821
Magazine and book sales 301 301 539
Fundraising events and activities 1 965
7488 22 388 29 876 102205
c. Investment income
Dividends and interest 6,758 8,283 15,041 20,010
Property income 205 843 205 843 234658
6758 205 843 8 283 220 884 254 668
Church activities
Stewardship planned giving:
Bankers' Orders 161,541 161,541 171,162
Envelopes 6,838 6,838 19,175
Income tax recoverable 38,122 1,585 39,707 50,830
Collections and sundry donations 11817 11817 17405
218318 1 585 219903 258 572
e. Other sources
JRS Government
grant		 10,302 21,805 32,107
Other income 1 100 1 100 1 100
10302 21 805 1 100 33207 1 100
TOTAL INCOME 248 141 250 036 3~2 015 825 192 64 867

EXPENDITURE
Unrestricted Funds
General Designated Restricted Total Total
2020 2020 2020 2020 2019
Fundraising
costs
Church Hall running expenses
Parish Rooms 3,337 3,337 4,134
St John's Hall 5,817 5,817 9,583
StMatthias
Centre		 12,324 12,324 18,650
Cost offundraising events and
activities 240
21478 21 478 32607
Investment
management		 costs
Investment
property		 running expenses:
Sandover House 4,785 4,785 3,368
Church Cottage 5,644 5,644 757
St John's Lodge 309 309 5,205
St John's Studios 8,391 8,391 20,403
Investment
property		 fabric repairs:
Sandover House 4,854 4,854 540
Church Cottage 12,837 12,837 4,776
St John's Lodge
St John's Studios 9,284 9284 38021
46 104 46,104 73070
Church activities
Diocesan parish share 300,000 300,000 290,000
Clergy expenses
Clergy housing		 12,515
2,818		 3,904 12,515
6,722		 11,580
1,405
Young Peoples Ministry Leader 18,764 18,764 32,381
Church running
expenses		 59,383 63,429 35,483 158,295 165,447
Church organists 18,743 18,743 22,677
Church maintenance 20,616 20,616 20,341
Depreciation 15,126 15,126 15,126
Administrator's
salary		 27,410 17,990 45,400 44,734
Governance
costs: Audit		 3,680 3,680 7,360 7,240
Accountancy 10,065 10,065 20,130 22,230
Professional
fees		 1,560
Church major fabric repairs:
StJohn the Divine 18,612 18,612 25,237
StMary Magdalene 327,381 327,381 366,776
StMatthias 7,466 7,466 16,169
Parish Rooms 45,824 45,824 40,133
Missionary
and Charitable		 Giving—
Church Overseas;
Missionary
Societies		 12,210 12,210 13,500
Home Missions 8,190 8,190 13,260
Secular Charities 5 100 5 100 4 600
480 730 186096 381 628 1 048454 1 114396
TOTAL EXPENDITURE 480 730 253 678 381 628 1 116036 1 220073

STAFF COSTS
2020 2019
Gross wages 138,972 148,828
Social security costs 6,746 9,290
Employer's
contributions
to defined contribution		 pension schemes 2 760 2 849
148478 ~16D
67
During the year none ofthe 9 (2019:8)employees were paid more than f60,000per annum (2019:none).
TANGIBLE FIXEDASSETS
Moveable
Freehold church
property furnishings Total
Cost
At 1"January 2020 as previously stated 151,258 151,258
Prior year adjustment
(note 13)
At 1"January 2020 as restated		 380000
380,000		 151,258 380000
531,258
Additions
At31"December 2020 380 DOO 151258 531258
Depreciation
At 1"January 2020		 30,252 30,252
Charge for the year
At31"December 2020		 15 126
45378		 15 126
45 378
Net book value
At 31"December 2020 380000 105880 485 880
At 31"December 2019 380000 121 D06 501 006
INVESTMENT PROPERTIES
Total
Valuation
At 1"January 2020 as previously stated 8,325,000
Prior year adjustment
(note 13)
At 1"January 2020 as restated		 ~2200 000
6,125,000
Revaluation
At 31"December 2020 6 125 000
At 1January 20
Revaluation
At 31"December		 20 as restate
2020		 d 6,125,000
6 125 000		 6,125,000
6 125 000
The investment properties comprise the following properties and the respective values are shown below:
2020 Restated 2019
Parish Rooms 470,000 470,000
Sandover House 1,740,000 1,740,000
Church Cottage 735,000 735,000
StJohn's Lodge 380,000 380,000
StJohn's Studios 2 800000 2 800 DOO
6 125 000 6 125000

LISTEDINVESTMENTS
Movements
in year:		 2020 2019
Market value at 1"January 276,679 233,081
Purchase/(sale)
ofinvestment
Unrealised
gains/(losses)
in the year		 19026 43 598
Market value at 31"December 2 5705 276 67

(a) ANALYSIS OFNET ASSETSB YFUND
At 31"December 2020 Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
Fixed Assets 6,610,880 295,705 6,906,585
Current Assets:
Debtors 68,315 68,315
Cash at bank
Current Liabilities		 812,358
91202)		 519,154 1,331,512
~91202)
7400351 519 154 295 705 8 215210
At31"December 2019restated Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
Fixed Assets 6,626,006 276,679 6,902,685
Current Assets:
Debtors 78,741 78,741
Cash at bank
Current Liabilities		 1,027,566
(
95731)		 573,767 1,601,333
~95731
7636582 573 767 276 679 8 487 028

(b)RESTRICTED FUNDS
Balance at Transfers Balance at
1.1.2020 Income Expenditure between funds 31.12.2020
Richmond
Church Charity Estates
Organ Fund
Dalgarno-Robinson
(General)
Dalgarno-Robinson
(Boys' Welfare)
Legacies and Memorials
StMatthias
Organ
Other small donations
and appeals		 268,022
5,026
8,868
214,534
5,979
71 338		 312,100
2,690
5,206
386
6632		 313,161
15,947
18,763
15,773
17983		 266,961
5,026
(4,389)
(13,557)
199,147
5,979
59987
~573 76 327014 381 627 519154
Balance at Transfers Balance at
1.1.2019 Income Expenditure between funds 31.12.2019
Richmond
Church Charity Estates
Organ Fund
Dalgarno-Robinson
(General)
Dalgarno-Robinson
(Boys' Welfare)		 314,425
5,026
6,856
20,887		 300,100
2,612
5,055		 346,503
600
25,942		 268,022
5,026
8,868
Legacies and Memorials
StMatthias
Organ
Other small donations
and appeals		 223,404
5,979
60464		 376
49717		 9,246
38 843		 214,534
5,979
71338
637041 357860 421 134 573 767
(c)ENDOWMENT
FUNDS
Balance at Gain on Transfers Balance at
1.1.2020 Income investments between funds 31.12.2020
Expendable
Dalgarno-Robinson
(General) 89,857
Dalgarno-Robinson
(Boys' Welfare)
173,902
Legacies and Memorials
12,920
StMatthias
Organ		 6,179
11,959
888		 96,036
185,861
13,808
2~76 67 ~1026 2~5705
Balance at Gain/(loss)
on		 Transfers Balance at
1.1.2019 Income investments between funds 31.12.2019
Dalgarno-Robinson
(General)
Dalgarno-Robinson
(Boys' Welfare)
Legacies and Memorials
StMatthias
Organ		 75,698
146,499
10,884		 14,159
27,403
2,036		 89,857
173,902
12,920
233 081 435 8 2~76 67

(d) DESIGNATED FUNDS
Restated at		 Balance at
1.1.2020 Income Expenditure Revaluations Transfers 31.12.2Q20
Fixed asset fund 6,626,006 15,126 6,610,880
Fabric fund 612 171 250 036 238 552 623 655
2 238 177 250 036 253 678 7 234 535
Restated at Restated at
1.1.2019 Income Expenditure Revaluations Transfers 31.12.2Q19
Fixed asset fund 5,971,132 15,126 670,000 6,626,006
Fabric fund 579396 318078 285 303 612 171
6 550 528 318078 300 429 670 000 7 238 177

(e) UNR ESTRICT ED FUNDS
Balance at Gain on Transfers Balance at
1.1.2020 Income Expenditure investments between funds 31.12.2020
General fund 398405 248 141 480 730 165816
Balance at Gain on Transfers Balance at
1.1.2019 Income Expenditure investments between funds 31.12.2019
General fund 607 986 ~288 92 498510 ~38 405

DEBTORS
2020 2019
Tax recoverable 10„977 13,562
Other 57338 65 179
68315 7
741

2020 2019
Investment property deposits 5,357 5,625
Accruals and deferred income 73,771 30,850
Taxation and social security 3,227
Other 12074 66 029
91202 ~531

The total future minimu m
lease payments
under non-c		 ancellable
operating
leases ar		 e payable:
2020 2019
Within one year 3,567 4,752
After one year, but within five years 3 567
3 567 831
The operating
lease charges for the year were:
Hire ofPlant and Machinery 4 752 4 752

Fair value offreehold property (2,200,000)
Historical cost offreehold property 380 000
Prior year adjustment 1 820 000
Effect on 2019results
Effect on 2018 and earlier results (I 820 000)
1 820 000