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|||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)|||||||||||
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##
|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|
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||||||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|
##
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|(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|
##
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|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|
##