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2020-12-31-accounts

Nete Uorarldctcd TOTAL TOTAL
funds 2020 2010
2 2
FIXED ASSETS
Tsumbic 0 322,160 0 322,160 329,901
invesnueols 7 0
322,160		 0 41,249
41,249		 41~9
363~		 39,278
369,179
CURRENT ASSETS
0 0 0 0 547
0 33,638 16,951 0 50~9 58,167
Short asm deposits 0 79,823 139,724 219~7 248,891
Cash at bank aod m band 10 100,171 81,320 6,562 188,053 177,231
213,633 237,995 6,562 458,1S9 484,836
LESS:LIABILITIES
-Amounts due in ono year 11 5,705 29,105 34WO 22,492
NET CURRENT ASSETS 207,928 208W9 6,562 423379 462,344
TOTAL NKT ASSETS 530,088 208,889 47410 786787 831,523
DCC FUNDS
Unrestricted tt (s) 530,088 530d)88 574,896
Restricted 12lb) 208,889 208e889 210,961
Endowment 12(c) 47,810 47e810 45,666
TOTAL FUNDS 530,088 208,889 47,810 7S6,787 831,523

Note Unresnkted Restricted TOTAL TOTAL
funds funds 2020 2019
4 4 g
INCOME
Voluntary
mcome		 2(a) 174,335 37,247 (102) 211,480 296,191
Church activibes 2(b) 23,659 (310) 0 23,349 66,903
Activities
for generabng		 funds 2(c) 1,820 58 0 1,878 18,635
Income Rom investments 2(d) 12,254 295 1,271 13JI19 17,129
Other income 2(e) 768 0 0 768 2,707
TOTAL INCOME 212,835 37,290 1,169 251,294 401,565
EXPENDITURE
Church activities 3(a) 249,773 39,526 0 289499 363,084
Raismg funds 3(b) 377 0 0 377 1,166
Investment
costs		 3(c) 3,669 0 0 3,669 3,197
Governance
costs		 3(d) 4,656 0 0 4,656 12,554
TOTAL EXPENDITURE 258,474 39,526 0 298,001 380,001
NET INCOME/(EXPENDITI/RE) (45,639) (2,236) 1,169 (46,706) 21,564
GAINS/(LOSSES) ON INVESTMENTS 1,970 1,970 3,316
TRANSFERS BETWEEN FIJNDS 5 831 (995)
NET MOVEMENT IN FUNDS (44,808) (2,072) 2,144 (44,736) 24,880
Total funds b/f at January 2020 574,896 210,961 45,666 831,523 806,643
Total funds r/f at31Dccembcr 2020 530,088 208,889 47,810 786,787 831,523

Forthe year e nded 31 st Decemb er 20 20
2020 2019
E f.
Net cash from operating
activities		 (32,341) (8,950)
Cash flows from Investing
activities
Dividends,
interest
and rent from mvestments		 13419 17,129
Interest
paid		 0 0
Proceeds from the sale oF. Tangible Rxed assets 0 0
Proceeds from the sale oF.Tangible Rxed investments 0 0
Purchase of:TanglbleRxed
assets		 0 (4,300)
loss on disposal offixed assets 0 0
Fixed asset Investments 0 0
Net cash provided by/ (used In) investing acdvltles 13,819 12,829
Change
In cash and cash equivalents
In the
reporting
period		 (18822) 3,879
Cash and cash equivalents
et 1)enuary 2020		 426,122 422, 243
Cash and cash equivalents
at 31December		 2020 407,600 426,122
Recondgatlon
ofnet Income / (expenditure)		 before investment gains
Net Income before investment
gains at 31		 December (46,706) 21,564
Adjustments
for.
Depreciation
charges		 7,741 2,614
Dividends,
interest
and rent investments		 (13,819) (17,129)
Decrease /(increase)ln
stocks		 547 (11)
Decrease /(increase)in
debtors		 7,578 (21,296)
(Decrease) / increase
In creditors		 5,308
Net cash provided
by / (used In) operating		 activities (32,341) (8,950)
Analysis ofcash and cash equivalents
CAF Bank 142,470 130,854
NatWest 43,172 41,798
Barclays 1,968 1,614
Cash In hand 442 2,965
188,053 177,231
Notice deposits (less than 3months)
CCIA - CBFChurch of England
Deposit Fund		 159,056 158,417
NatWest Reserve 25,165 55,208
CAF Bank - Gold Account 35326 35,266
219,547 248,891
407,600 426, 122

F or the year ended 31stDecemb er 2020
2 INCOME
Unrestrtcted Aestrlcted TOTAL TOTAL
funds funds 2020 2019
Note 6 f. 6
2(a) Voluntary
income
Planned
gtving:
Gift aid donaoons 78,202 190 78492 77,955
lacome ta76 recoverable 22,784 55 22,839 23457
Sponsorslup 633 633 600
Other 13,301 13401 13,796
Collections - open plate 3,074 462 3436 14,153
Donations 5,730 263 (102) 5490 6,474
Legacies 24,439 24,439 35,500
Grants 14 6,670 36,278 42,948 103,855
StKatherine'8
URC (LEP)		 2,048 2,048 3,769
Chaplaincy
services to academies		 17,454
174,335		 37,247 ~102 17454
211,400		 16332
296,191
2(b) Income from church activities
Church
hall lettings		 19,452 19,452 48,361
Publications
and		 souvaur sales 176 176 715
Fees - weddmgs
and funerals
Chou singmg visits		 4,031
0
23,659		 ~3111
~310		 II 4,031
~330
~13 49		 16,102
1 725
66,903
2(c) Activities for generating fuads
Fund raising 1,520 58 1478 18,275
Chew's House Rental income 300
I 820		 58 0 300
~170		 360
18635
2(d) Income from investments
Rental incorae 11,801 11401 14,400
Dividends
-CBF investment		 funds 0 1,271 1471 1,391
Bank and CCLA deposit interest 453 295 748 I 338
12254 295 1271 13019 17,129
2(c) Other income
Electnmty Fccd in Tariff 444 444 428
Otncc scMccs 92 92 5
Insurance
cleans		 194 194 2,261
Other 38 38 13
768 768 2707
TOTAL INCOME 212,835 37,290 1.169 ~201 94 401,565

3 EXPENDITURE
unrestrkted nestrkted Endowment TOTAL TOTAL
funds funds funds 2020 2019
Note f. g E
3(a) Church activities
Missionary/charitable giving 1,655 1,655 5481
Ministry
Diocesan parish sharc 157,085 157,085 145,979
Clergy expenses 829 829 2,404
Clergy vacancy 0 0 830
Staffcosts 33,644 33,644 27,608
Church nuuung
expenses		 14,984 14,984 12,402
Church
maintenance		 12,958 38,805 51,763 114,537
Publicity - tower repairs 0 510
Digital output/tower filmmg 0 6,300
Upkeep ofservices 2,505 20 2425 8,933
Church han/Chew's House costs 13,492 13,492 25,404
Tnumng
and education		 29 29 4,462
Depreciation 7,100 642 7,741 2,614
Printing
and stationery		 1,567 1~7 1,249
Oflice equipmcnt
rental		 532 532 532
Offlce equipment
maintcnaace		 467 467 358
Telephone 1,475 1,475 802
Postage 311 311 303
Bank charges 125 60 185 170
Hall bad debts (100) (100) 2,128
Sumhy expenses 1,115
249 773		 39 526 0 I 115
~259
99		 278
363054
3(b) Raising funds
Fund Raising Events 93 93 958
Stewardship
costs		 284 284 208
377 377 I 166
3(c) Investment
costs
Maintenance
costs		 2,067 0 2,067 1,166
Agent fee 1,602 0 I QI2 2031
3669 0 3,669 3 197
3(d) Governance
costs
Independent
examiners		 remuneration 1,000 0 1,000 5,880
Accountancy
services		 3,656 0 3656 6674
4,656 0 4,656 12,554
TOTAL EXPENDITURE 258,474 39526 0 298,001 350 001

TRANSFERS BETWEEN FUNDS unrestricted Restrktad Endowment
funds funds
Pnory Church ofStPeter f
Re2019choir visits (172) 172 0
Beds dt Luton Community
Grant - Music		 113 (113) 0
Cheshire Fund dividends
to Buddmg Development		 Fuod 714 (714)
Blackwell Fund divrdcnds
to Future Curacy Fund		 176 (176)
Bernard Fund dividends
to Easter Lilies Fund		 70 (70)
MacKonochie Fund drvidends
to High Altar Chnstmas		 Flowers Fund 35
831 164 995
FIXEDASSETS
Freehold		 Church Church Oflice Total
Land lk Moveable Fixtures Equipmcnt
Bugdlngs Fern/Equip 41Fittings
Cost/Revaluation
Cost at I January 2020 92,500 39,060 15,087 11,510 158,158
Revaluation
at I Jan 2020		 227,500 227400
Di epos ala (30,529) (5,851) (5,251) (41,631)
At 31Dcocmbcr 2020 320,000 8,531 9436 6459 344,026
Dcprcciation
At I January 2020 33,262 ]4,590 7,904 55,757
Charge for the year
Disposals
At 31December 2020		 0 5,798
~30.5297
8,531		 497
~05.357
9,236		 1,446
~5,257
4,099		 7,741
~[45,635
21dI66
Net book value
At 31December 2020 320,000 0 0 2,160 322,160
At 3 I Dccanber 2019 320,000 5,798 497 3,606 329'I

INVESTM ENTS (ALL ENDOWMENT
FUNDS)
2020 2019
f f
Market value st IJanuary 2020 39v278 35,962
Net gains/(losses) 1,971 3,316
Market value at31December 2020 41449 39378
Representml by:
No.
CCLA - CBFINVESTMENT FUND ofshares
Bernard 12200 2,495 2,333
F1oty 430.38 82100 8331
Hcrington 50.51 1,033 966
MacKonochic 6093 1~6 1,165
13r(73 12,696
Share value at 31December 2020 was f20.4483 (2019.f19.1260)
CCLA - CBFFIXEDINTEREST SECURITIES FUND
Cheshire 12,858.00 21,749 21,019
Sharc value at 31December 2020 was f1.6915(2019:f,l 6347)
No.
CCLA - COIF CHARITIES ofunits
ETHICAL INVESTMENT FUND - INCOME UNITS
81ackwel1 2,148 67 5,926 5,563
Share value at 31December 2020 was f2.7580(2019 f2 5891)
TOTAL INVESTMENTS 41~9 39,278

Restricted Endowment TOTAL
funds funds 2020 2019
g
8 DEBTORS AND PREPAYMENTS
HMRC -income tax recoverable 17,881 129 18,010 17,277
VAT rcclaun 283 4,927 5410 4,802
Schools - Chaplaincy
services		 5,091 0 5,091 1,402
Priory Preservation Trust 633 1,895 2,528 15,733
Beds A Herts Histonc Churches Trust 0 10,000 10,000 0
Hall Lettings 766 0 766 6,659
Parish fees 954 0 954 2,053
Costs —Christmas Tree Festival 0 0 0 1,500
Prepayments 7,270 0 7470 7,198
Other debtors 760 0 760 1,543
33,638 16951 0 50,589 58767
9 SHORT TERM DEPOSITS
CCLA —CBFC ofEDeposit Fund 76,297 82,759 159,056 158,417
Nat West Bank - Reserve Account
CAF Bank - Gold Account		 3,526
0		 21,639
35326		 25,165
~35 26		 55,208
35 266
79823 139,724 0 219447 248,891
10 CASH AT BANK AND IN HAND
Nat West Bank 43,172 0 0 43,172 41,798
CAF Bank 55,546 80,363 6,562 142,470 130,854
Barclays Bank 1,011 957 0 1„6NIS 1,614
Cash in band 442 0 0 442 2 365
100,171 87 323 6,562 188,053 777 237
11 LIABILITIES
Creditors:
falling due in oac year:
HMRC - FAYE 652 0 652 698
Accruals 1,528 0 1428 2,385
Creditors for goods and services 213 28,807 29,020 2,929
Accountancy/Independent Exam. 1,000 0 1,000 6,935
Staff Pension costs 1,107 0 1,107 557
Loans 0 0 0 848
Charity Grants/collections 1,015 299 1414 3,433
Heritage Lottery Fund - Grant 0 0 0 2,829
Hall advance lettings/deposits 189 0 189 1,087
Other creditors 0 0 0 791
5 705 29,105 0 34dl10 22,492

12(a)
UNRESTRICTED		 12(a)
UNRESTRICTED		 FUNDS Priory
PCC St St Church of
Central Augustlae Fremund StPeter 2020 1019
General Funds: f f
General Purposes 4,795 20,852 (537) 30,653 55,762 72,863
Bequests, Legacies 51,631 51,631 77,306
Property
Revaluation		 Reserve 320,000 320,000 320,000
4,795 20,852 (537) 402,284 427493 470,169
Designated
Funds:
Sub groups
Church
Hall		 7,378 7478 8,147
Chew's House 20,460 20,460 24,102
Choirs 3,855 3,855 2,612
8ellrin gers 2,343 2443 2,630
Flowers 1,011 1,011 964
Publications 1,296 1496 1,279
Total Sub groups 0 36442 39,733
Other Designated
Education Fund - PCC 570 570 570
Prolects For 'Living God's Love' 2,719 2,719 2,719
Parish Sinking Fund 16,331 16431 16351
Commmuty
Con'ee		 484 484 471
Special Events 31 31 31
Flowers 85 85 85
Garden 81 81 31
Altar
F ron tale		 464 464 464
Bells 4,959 4,959 4,938
Budding Development 1,661 1,661 1,661
Future Curacy 2,127 2,127 2,127
Equipment 377 377 376
Heating
System		 5,030 5,030 4,382
Organ 31,434 31,434 30,888
Total Other Designated 19,620 515 166 46,052 66452 64,994
Total Designated Funds 19,620 515 166 82,394 102,694 104,727
Total Unrestricted Funds 24,415 21,366 (372) 484,678 530,088 574,896

12(b)
REST		 RICTED FUND S
2820 2019
Donor Specified Purpose ofFund f
StAugustine Mary Townsend legacy Paschal candles 280 300
Skr1lsmax grant Community
cookery development		 0 556
Community
Life		 Fund grant New projector and screen 0 181
StFrcmund Various Church and hall major mamtenance 1414 1,159
Vicky Faulkner bequest Church
hall intenor/garage
refurbishment		 15,191 15,127
AJ Ward Bequest Forusc by the Vicar and Churchwardens 23,962 23,941
Priory Church Special collections Venous 472 0
ofStPeter AJ Ward Bequest For use by thc Vicar and Churchwardens 102495 102,521
VM Gutteridge Bequest For use by the Vicar and Churchwardens 1,024 1,019
Mary McKcand In Memory ofWuu fred Guymcr for education 2,038 2,029
Family ofOlive Leech Reqrlanting
church garden		 173 173
Church Chous Boys' and girls' chorrs' singing waits 2,178 2,140
Phyllis Blake legacy Mobde fisnt, fabric and upkeep ofchurch 3408 3394
Beds Jc Luton Comre Found Music 0 112
JoeKendrick grant School vmits 217 216
Anonymous Servers' alba and accessories 356 356
Various 20/20 Vision for church refurbmhment 37,648 40,142
Various Easter and Chnstmas
fiowers		 524 57
Audrey Ress legacy Church Flower Fund 650 650
Anonymous Church hall heating
system maintenance		 925 921
Priory Society of Bellringers Mamtensnce/
repair ofbells and other
restrictions
for ringing as minutmi		 16,034 15,967
Suc Read Church lmcn 100 100
208,889 210,961

Name or Spedfted Purpose Spedfted Purpose Permoucat Income
acquest Eedolrlueut Fund 2020 2019
f. f f
Flory Upkeep ofthe Lady Chapel 8,800 5,397 14,197 13,382
MacKonochie High altar flowers at Christmas 1,246 1446 1,199
Bernard Easter lilies 2,495 2,495 2,402
Hmington Unrestricted 1,033 1,436 1,340
Cheshire Upkeep ofchurch and services 21,749 21,749 21,019
Blackwall Augmentation ofstipend for 5,926 761 6,688 6,324
assistant priest 41/49 54,372 47JIIO 45,666
INSURANCE
Tbe church buildings and contents are insured with thc Ecclesiastical Insurance Group at followmg sums msured:
2020 2019
StAugustine ofCanterbury 2,900,000 2,800,000
StFremund the Martyr 2,900,000 2,800,000
Priory Church ofStPmer 23,180,000 22,880,000
Pnory Church Hall 579424 564,641
Priory Chew's House 54,679 53,870
House at 95 Evelyn Road, Dunstable 280JI73 217/12
29JI94,876 29,315,823

Admmistcrat
by StAlbans Diocesan Board ofFinance:		 Admmistcrat
by StAlbans Diocesan Board ofFinance:		 Admmistcrat
by StAlbans Diocesan Board ofFinance:		 Admmistcrat
by StAlbans Diocesan Board ofFinance:
CCLA - CBFCofE Investment Fund 27,971 26,164
CCLA - CBFCofEDeposit Fund 3,671 3,671
31,642 29,835
Administered
by the Rector and		 Parish Churchwardens
Nat West Bank - Current account 6~7 5,501
TOTAL FUNDS 37 stag 35,336
GRANTS RECEIVABLE Unrestricted
Specified Purpose funds
8
StAugustlae
Government Furlough scheme 340
Bcdfordshire &Luton Community Foundanon Foodbank ruruung costs 504
Central Bedfordshirc
Council		 Cooker 1,934
Jane Cart Charity Fund Kitchen Renovation 7,109
StFremund
Government Furlough scheme 673
Pdory Church ofStPeter
Beds 41Herts Histonc Churches Trust Gable Abutmcnt & East End masonry 10,000
Priory Preservation
Trust		 Gable Abutmeat & East End masonry 17,132
Government Furlough scheme 5,006
Jane Cart Charity Fund Tower clock msmtensnce 250
Choir grant Re visits 103
TOTAL GRANTS RKCRIVABLR 6,670 36478
GRANTS PAYABLE - CHARITABLE
2020 2019
8 8
StAugustine
Church
Urban Fund		 135
East &North Herts Hospital Chanty 135
StFremund
Dunstable
Churches
Together		 30
Priory Church ofStPeter
Arch-deacon's
discretionary
Fund		 50
Beds and Herts Historic Churches Trust 40 40
Bedfordshire
Association ofBellrmgers		 50 62
Dementia/Alzheimer's
Society (2019Motor Neuronc Disease Association)		 218 270
Dunstable
Churches
Together		 80
Dunstable
Food Bank		 550 660
Hayward
Club		 218 270
Heritage Lottery Fund 0 2,829
Leprosy (2019Church Mission Society) 290 360
Osteoporosis (2019USPG) 290 360
TOTAL GRANTS PAYABLE 1,655 5381