| Page No. | |
|---|---|
| Administrative information |
2-3 |
| Annual Report |
4-14 |
| Auditor's Report |
15-17 |
| Statement of Financial Activities |
18 |
| Balance Sheet | 19 |
| Statement ofCash Flows | 20 |
| Notes to the Financial Statements | 21-35 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2020 | 2019 | |||
| Notes | f | f | f | f | |||
| f | |||||||
| Donations and legacies |
511,576 | 21,782 | 533,358 | 515,418 | |||
| Charitable activities |
317,922 | 317,922 | 678,925 | ||||
| Rental income | 126,605 | 126,605 | 115,734 | ||||
| Total income | 956,103 | 21,782 | 977885 | 1 310077 | |||
| Q&~enditttte on: | |||||||
| Raising funds | 44,451 | 44,451 | 48,352 | ||||
| Charitable activities |
7 | 959,176 | 959,176 | 1,266,077 | |||
| Total resources expended | 1,003,627 | 1,003,627 | 1,314,429 | ||||
| Net gains/(losses) on investments |
(150,000) | (150,000) | 150,000 | ||||
| Net (outgoing)/incoming resources before transfers |
(47,524) | 21,782 | (150,000) | (175,742) | 145,648 | ||
| Gross transfers between |
funds | (437) | 437 | ||||
| Net (expenditure)/income | for the | year/ | |||||
| Net movement in funds |
(47,961) | 22,219 | (150,000) | (175,742) | 145,648 | ||
| Fund balances at 1 January 2020 |
141,308 | (290,512) | 1,200,000 | 1,050,796 | 905,148 | ||
| Fund balances at 31 December | |||||||
| 2020 | 93,347 | (268,293) | 1,050,000 | 875,054 | 1,050,796 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | |||||
| Fixed assets | ||||||
| Tangible assets | 11 | 52,143 | 75,815 | |||
| Investment properties |
12 | 1,050,000 | 1,200,000 | |||
| 1,102,143 | 1,275,815 | |||||
| Current assets | ||||||
| Debtors | 14 | 22,441 | 60,205 | |||
| Cash at bank and in | hand | 140,966 | 95,646 | |||
| 163,407 | 155,851 | |||||
| Creditors: amounts one year |
falling due within | 15 | 111,395 | 96,592 | ||
| Net current assets | 52,012 | 59,259 | ||||
| Total assets less current liabilities | 1,154,155 | 1,335,074 | ||||
| Creditors: amounts more than one year |
falling due after | 17 | (279,101) | (284,278) | ||
| Net assets | 875,054 | 1,050,796 | ||||
| Capital funds | ||||||
| Endowment funds |
1,050,000 | 1,200,000 | ||||
| Income funds | ||||||
| Restricted funds | (268,293) | (290,512) | ||||
| Unrestricted funds |
93,347 | 141,308 | ||||
| 875,054 | 1,050,796 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 8 | 8 | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
23 | (73,707) | (67,682) | ||||
| Investing activities |
|||||||
| Purchase oftangible fixed |
assets | (2,401) | (80,735) | ||||
| Rent received | 126,605 | 115,734 | |||||
| Net cash generated from activities |
investing | 124,204 | 34,999 | ||||
| Financing activities |
|||||||
| Repayment ofbank loans |
(5,177) | (19,950) | |||||
| Net cash used in financing |
activities | (5,177) | (19,950) | ||||
| Net increase/(decrease) equivalents |
in | cash and | cash | 45,320 | (52,633) | ||
| Cash and cash equivalents | at beginning | ofyear | 95,646 | 148,279 | |||
| Cash and cash equivalents | at end of | year | 140,966 | 95,646 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2020 E |
2020 E |
2020 | 2019 | 2019f | 2019 E |
|||
| Donations | and | gifts | 511,576 | 21,782 | 533,358 | 491,750 | 23,668 | 515,418 |
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|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| funds | 2020 | 2019 | ||||
| 8 | 6 | |||||
| Income | from | let | properties | 126,605 | 126,605 | 115,734 |
| 126,605 | 126,605 | 115,734 |
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|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||||
| funds | 2020 | 2019 | |||||||
| 6 | 8 | ||||||||
| Cost | of | renting | and | maintaining | let | properties | 44,451 | 44,451 | 48,352 |
| 44,451 | 44,451 | 48,352 |
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| 8 | Supportcosts | Supportcosts | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2020 | Support | Governance | 2019 | |||
| costs | costs | costs | costs | |||||
| f | f. | |||||||
| Central ITcosts |
32,245 | 32,245 | 34,353 | 34,353 | ||||
| Communications | 250 | 250 | 2,078 | 2,078 | ||||
| Finance costs | 5,732 | 5,732 | 1,293 | 1,293 | ||||
| Servicing | ofloans | 10,671 | 10,671 | 11,541 | 'l1,541 | |||
| Audit fees | 10,762 | 10,762 | 10,762 | 10,762 | ||||
| 48,898 | 10,762 | 59,660 | 49,265 | 10,762 | 60,027 | |||
| Analysed | between | |||||||
| Charitable | activities | 48,898 | 10,762 | 59,660 | 49,265 | 10,762 | 60,027 |
| Number ofemployee | s | s | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The average monthly |
number | of employees | during | the | year was: | 2020 | 2019 | |||
| Number | Number | |||||||||
| St Paul's Centre, site | and | facilities staff | 4 | 5 | ||||||
| Clergy, pastoral and ministry |
staff | 10 | 11 | |||||||
| Operations staff |
4 | 3 | ||||||||
| TLG staff | 3 | 5 | ||||||||
| 21 | 24 | |||||||||
| There were no employees | whose annual | remuneration | was f60,000 or more. | |||||||
| 11 | Tangible fixed assets | |||||||||
| Plant, equipment | and machinery | |||||||||
| E | ||||||||||
| Cost | ||||||||||
| At 1 January 2020 | 494,524 | |||||||||
| Additions | 2,401 | |||||||||
| At 31 December 2020 | 496,925 | |||||||||
| Depreciation and impairment At 1 January 2020 |
418,709 | |||||||||
| Depreciation charged |
in the year | 26,073 | ||||||||
| At 31 December 2020 | 444,782 | |||||||||
| Carrying amount At 31 December 2020 |
52,143 | |||||||||
| At 31 December 2019 | 75,815 | |||||||||
| 12 | Investment property |
|||||||||
| 2020 | ||||||||||
| 6 | ||||||||||
| Fair value | ||||||||||
| At 1 January 2020 | 1,200,000 | |||||||||
| Net gains or losses through | fair value adjustments | (150,000) | ||||||||
| At 31 December 2020 | 1,050,000 |
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