| Page | ||||
|---|---|---|---|---|
| Vicar's Report | 1to2 | |||
| Operating and Financial |
Review | 3to4 | ||
| Report ofthe | Trustees | Sto7 | ||
| Independent | Examiner's | Report | ||
| Statement of | Financial Activities | |||
| Balance Sheet | 10 | |||
| Statement of | Cash Flows | |||
| Notes to the Financial Statements | 12to 18 |
| the Churc | Representation Rules, or co |
-opted by the | PCC. During | the year, the following s |
erved as mem |
|---|---|---|---|---|---|
| Exofficio | members | ||||
| Revd Frank Scammell | Incumbent | choirman | |||
| Revd Sophie Chatten | Curate | ||||
| Revd Rupert Masters | OLM | ||||
| Sarah King | Churchwarden | vice chair | |||
| Paul Franklin | Churchwarden | ||||
| Asator Ghazarians | Elected | Representative | on Deanery Synod | ||
| Mike Levick (Secretary) | Elected | Representative | on Deanery Synod | ||
| Chris Jackson | Elected | Representative | on Deanery Synod | ||
| Philippa Skinner | Elected | Representative | on Deanery Synod (to | Oct 2020) | |
| Natalie Galer Lois Cook |
Elected Elected |
Representative Representative |
on Deanery Synod (from Oct 2020) on Deanery Synod (from Oct 2020) |
||
| Richard Horn |
Licensed | Lay Minister | (Reader) |
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total funds | Total funds | |||
| f | f | |||||
| INCOMING RESOURCES | ||||||
| Incoming resources from generated | funds | |||||
| Voluntary income |
2 | 283,820 | 81,849 | 365,669 | 356,648 | |
| Investment income |
3 | 1,211 | 16 | 1,227 | 1,887 | |
| Incoming resources from charitable | activities | |||||
| Church activities |
4 | 46,561 | 83,334 | 129,895 | 171,720 | |
| Total incoming resources | 331,592 | 165,199 | 496,791 | 530,255 | ||
| RESOURCES EXPENDED | ||||||
| Charitable activities costs |
||||||
| Church activities | 227,977 | 163,430 | 391,407 | 477,598 | ||
| Support costs | 127,943 | 2,338 | 130,281 | 112,625 | ||
| Governance costs | 600 | 600 | 700 | |||
| Total resources expended | 356,520 | 165,768 | 522,288 | 590,923 | ||
| NET (OUTGOING) I INCOMING RESOURCES | (24,928) | (569) | (25,497) | (60,668) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 862,039 | 87,547 | 949,586 | 1,010,254 | ||
| TOTAL FUNDS CARRIED FORWARD | 837,111 | 86,978 | 924,089 | 949,586 |
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Totalfunds | Total funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 695,675 | 695,675 | 576,421 | |||
| CURRENT ASSETS | ||||||
| Stock | 10 | 5,529 | 5,529 | 4,332 | ||
| Debtors | 54,876 | 54,876 | 47,242 | |||
| Cash at bank | and in hand | 123,051 | 87,131 | 210,182 | 343,151 | |
| 183,456 | 87,131 | 270,587 | 394,725 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
12 | (41,655) | (153) | (41,808) | (21,162) | |
| NET CURRENT ASSETS | 141,801 | 86,978 | 228,779 | 373,563 | ||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 837,476 | 86,978 | 924,454 | 949,984 | |
| CREDITORS | ||||||
| Amounts falling |
after more than one year | 13 | (365) | (365) | (398) | |
| NET ASSETS | 837,111 | 86,978 | 924,089 | 949,586 | ||
| FUNDS | ||||||
| Unrestricted | funds | 15 | 837,111 | 862,039 | ||
| Restricted funds |
86,978 | 87,547 | ||||
| TOTAL FUNDS | 924,089 | 949,586 |
| 31.12.20 | |||||
|---|---|---|---|---|---|
| Net cash generated by |
|||||
| operating activities (Note 16) |
(4,212) | ||||
| Cash flows from investing activities: | |||||
| Interest | 1,227 | 1,887 | |||
| Additions to fixed assets | (129,950) | (11,962) | |||
| Net cash used by investing | activities | (128,723) | |||
| Cash flows from financing activities: | |||||
| Repayment of borrowings |
(33) | (31) | |||
| Net cash used by financing | activities | (33) | |||
| Change in cash and cash equivalents |
in the year | (132,968) | |||
| Cash and cash equivalents | brought | forward | 343,151 | ||
| Cash and cash equivalents | carried forward | 210,183 |
| VOLUNTA | R | Y | INCOME | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Totalfunds | Total funds | ||||||
| Standing | orders | 4,462 | 4,462 | 6,971 | |||||
| Tax efficient | giving | 195,992 | 195,992 | 180,286 | |||||
| Income tax | recoverable | 48,234 | 48,234 | 51,722 | |||||
| Collections | 2,035 | 2,035 | 8,342 | ||||||
| Sundry donations | 18,942 | 18,942 | 13,248 | ||||||
| Legacies | 3,791 | ||||||||
| Grants | 14,155 | 14,155 | |||||||
| Missionary | income | 67,266 | 67,266 | 80,528 | |||||
| Hardship | Fund Income | 14,583 | 14,583 | 11,760 | |||||
| 283,820 | 81,849 | 365,669 | 356,648 | ||||||
| INVESTMENT INCOME | |||||||||
| 31.12.20 | 31.12.19 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| E | E | ||||||||
| Dividends | and interest | 1,211 | 16 | 1,227 | 1,887 | ||||
| INCOMING | RESOURCES FROM | CHARITABLE | ACTIVITIES | ||||||
| 31.12.20 | 31.12.19 | ||||||||
| Church | Church | ||||||||
| activities | 0 | activities | |||||||
| E | E | ||||||||
| Fair trade | shop | 12,558 | 30,886 | ||||||
| Coffee shop | 10,025 | 23,766 | |||||||
| Little Stars | Pre-School fees and | SCCfunding | 83,334 | 84,759 | |||||
| Wedding | and funeral fees | 6,391 | 6,519 | ||||||
| Church complex lettings | 17,587 | 25,790 | |||||||
| 129,895 | 171,720 |
| S. | CHARITABLE | ACTIVITIES COSTS | 31.12.20 | 31.12.19 | |||||
| Direct costs | Direct | costs | |||||||
| E | |||||||||
| Church activities | 391,407 | 477,598 | |||||||
| Support costs are as follows: | |||||||||
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | ||||||
| funds | funds | Total funds | Total funds | ||||||
| Administrative | staff salary | 36,279 | 36,279 | 28,648 | |||||
| Telephone | 2,523 | 2,523 | 1,337 | ||||||
| Postage and | delivery | 300 | 300 | 58 | |||||
| Printing and | copying | 7,424 | 7,424 | 8,258 | |||||
| Sundry | 9 | 9 | 156 | ||||||
| Complex cleaning and | utilities | 35,060 | 2,338 | 37,398 | 38,674 | ||||
| Insurance | 5,604 | 5,604 | 5,496 | ||||||
| Repairs and maintenance | 27,402 | 27,402 | 18,084 | ||||||
| Bank charges | 1,037 | 1,037 | 1,252 | ||||||
| Depreciation | ofchurch | equipment | 10,697 | 10,697 | 10,640 | ||||
| Legal and professional | fees | 1,589 | 1,589 | ||||||
| Mortgage interest | 19 | 19 | 22 | ||||||
| 127,943 | 2,338 | 130,281 | 112,625 | ||||||
| 6. | GOVERNANCE COSTS |
||||||||
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | ||||||
| funds | funds | Total funds | Total funds | ||||||
| f | f | ||||||||
| Independent | examination | fee | 600 | 700 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Freehold | Church | ||
| property | equipment | Totals | |
| E | E | ||
| COST | |||
| At 1January 2020 | 554,510 | 121,238 | 675,748 |
| Additions | 128,219 | 1,731 | 129,950 |
| At 31December 2020 | 682,729 | 122,969 | 805,698 |
| DEPRECIATION | |||
| At 1January 2020 | 99,327 | 99,327 | |
| Charge for year | 10,696 | 10,696 | |
| At 31December 2020 | 110,023 | 110,023 | |
| NET BOOK VALUE | |||
| At 31December 2020 | 682,729 | 12,946 | 695,675 |
| At 31December 2019 | 554,510 | 21,911 | 576,421 |
| 10. | STOCKS | |||||
| 31.12.20 | 31.12.19 | |||||
| f | f | |||||
| Stocks | 5,529 | 4,332 | ||||
| 11. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | |||||
| f | f | |||||
| Other debtors | 54,876 | 47,242 | ||||
| 12 | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | |||||
| f | f | |||||
| Mortgage | 54 | 54 | ||||
| Trade creditors | 25,249 | 4,410 | ||||
| Taxation | and social security | 2,841 | ||||
| Other creditors | 16,505 | 13,857 | ||||
| 41,808 | 21,162 | |||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | |||||
| f | f | |||||
| Mortgage | 365 | 398 | ||||
| Amounts | falling due in | more than five years: | ||||
| Repayable | by instalments: | |||||
| Mortgage | more than 5 | year by instalments | 161 | 215 |
| The following s | ecur | ed debts are | included | within creditors: | |||
|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||||
| E | f | ||||||
| Mortgage | 418 | 452 | |||||
| The mortgage issecured on the |
freehold | property of81Worplesdon Road. |
|||||
| MOVEMENT IN | FUNDS | ||||||
| Net | |||||||
| movement in |
|||||||
| At | 1.1.20 | funds | At31.12.20 | ||||
| E | E | ||||||
| Unrestricted funds |
|||||||
| General Fund |
862,039 | (24,928) | 837,111 | ||||
| Restricted funds | |||||||
| Little Stars Pre-School | 57,510 | (2,861) | 54,649 | ||||
| The Mission and Charity account | 28,404 | 2,292 | 30,696 | ||||
| Vicars Discretionary | account | 1,633 | 1,633 | ||||
| 87,547 | (569) | 86,978 | |||||
| TOTAL FUNDS | 949,586 | (25,497) | 924,089 | ||||
| Net movement | in funds, included | in the | above are as follows: | ||||
| Incoming | Resources | Movement in |
|||||
| resources | expended | funds | |||||
| Unrestricted funds |
E | E | |||||
| General Fund |
331,592 | (356,520) | (24,928) | ||||
| Restricted funds | |||||||
| Little Stars Pre-School | 83,350 | (86,211) | (2,861) | ||||
| The Mission and | Charity account | 81,849 | (79,557) | 2,292 | |||
| 165,199 | (165,768) | (569) | |||||
| TOTAL FUNDS | 496,791 | (522,288) | (25,497) |
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| Net movement in |
funds | (25,497) | (60,668) | |
| Adjustments for: |
||||
| Depreciation charges |
10,696 | 10,639 | ||
| Dividends, interest |
and rents from investments | (1,227) | (1,887) | |
| Decrease / (Increase) in stocks |
(1,197) | 2,000 | ||
| (Increase)/decrease | in debtors | (7,634) | (13,172) | |
| (Decrease) / increase in creditors |
20,647 | (14,811) | ||
| Net cash provided | by (used in) operating | activities | (4,212) | (77,899) |