| Page No. | |
|---|---|
| Administrative information |
2-3 |
| Annual Report |
4-14 |
| Auditor's Report |
15-17 |
| Statement of Financial Activities |
18 |
| Balance Sheet | 19 |
| Statement of Cash Flows |
20 |
| Notes to the Financial Statements | 21-37 |
| Unrestricted | Restricted | Endowment | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | |||||
| Notes | E | E | f | F | E | ||||
| Income from: | |||||||||
| Donations and legacies |
548,645 | 59,403 | 608,048 | 533,358 | |||||
| Charitable activities |
292,665 | 106,508 | 399,173 | 317,922 | |||||
| Investment income |
33,302 | 33,302 | 126,605 | ||||||
| Total income | 874,612 | 165,911 | 1,040,523 | 977,885 | |||||
| Ex enditure on: |
|||||||||
| Raising funds | 1,604 | 1,604 | 44,451 | ||||||
| Charitable activities |
643,123 | 199,547 | 842,670 | 959,176 | |||||
| Total resources expended | 644,727 | 199,547 | 844,274 | 1,003,627 | |||||
| Net gains/(losses) investments |
on | 50,000 | 50,000 | (150,000) | |||||
| Net incoming/(outgoing) resources before transfers |
229,885 | (33,636) | 50,000 | 246,249 | (175,742) | ||||
| Gross transfers between |
funds | (10,965) | 10,965 | ||||||
| Net movement in funds |
218,920 | (22,671) | 50,000 | 246,249 | (175,742) | ||||
| Fund balances at 1 2021 |
January | 49,698 | (212,652) | 1,050,000 | 875,054 | 1,050,796 | |||
| Fund balances at | 31 December | ||||||||
| 2021 | 256,626 | (235,323) | 1,100,000 | 1,121,303 | 875,054 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||||||
| Fixed assets | |||||||||||
| Tangible assets | 12 | 33,418 | 52,143 | ||||||||
| Investment | properties | 13 | 1,100,000 | 1,050,000 | |||||||
| 1,133,418 | 1,102,143 | ||||||||||
| Current assets | |||||||||||
| Debtors | 15 | 371,156 | 22,441 | ||||||||
| Cash at bank and | in | hand | 200,014 | 140,966 | |||||||
| 571,170 | 163,407 | ||||||||||
| Creditors: one year |
amounts | falling due within | 17 | 314,870 | 111,395 | ||||||
| Net current | assets | 256,300 | 52,012 | ||||||||
| Total assets less | current | liabilities | 1,389,718 | 1,154,155 | |||||||
| Creditors: | amounts | falling | due after | 18 | |||||||
| more than | one year | (268,415) | (279,101) | ||||||||
| Net assets | 1,121,303 | 875,054 | |||||||||
| Capital funds | |||||||||||
| Endowment | funds | 20 | 1,100,000 | 1,050,000 | |||||||
| Income funds | |||||||||||
| Restricted | funds | 21 | (235,323) | (224,644) | |||||||
| Unrestricted | funds | 256,626 | 49,698 | ||||||||
| 1,121,303 | 875,054 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | F | ||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed by operations |
25 | (86,880) | (73,707) | |||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(21,539) | (2,401) | |||||
| Rent received | 33,302 | 126,605 | ||||||
| Net cash activities |
generated from |
investing | 11,763 | 124,204 | ||||
| Financing | activities | |||||||
| Repayment | of bank loans | 134,165 | (5,177) | |||||
| Net cash generated froml(used financing activities |
in) | 134,165 | (5,177) | |||||
| Net increase in cash and cash |
equivalents | 59,048 | 45,320 | |||||
| Cash and | cash equivalents | at beginning | ofyear | 140,966 | 95,646 | |||
| Cash and | cash equivalents | at end of | year | 200,014 | 140,966 |
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| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | 2021 | 2020 | ||
| f | E | |||
| Income | from let properties | 33,288 | 33,288 | 126,605 |
| Interest | receivable | 14 | 14 | |
| 33,302 | 33,302 | 126,605 |
| Unrestricted | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | 2021 | 2020 | |||||||
| F | |||||||||
| Cost | of | renting | and | maintaining | let | properties | 1,604 | 1,604 | 44,451 |
| 1,604 | 1,604 | 44,451 |
| Expendit | ure | on charita | ble activities |
|||||
|---|---|---|---|---|---|---|---|---|
| St Paul's | The | External & |
St Paul's | Total | 2020 | |||
| Church | Lighthouse | Charitable | Centre | |||||
| Group | Giving | |||||||
| E | E | E | ||||||
| Church activities | 430,946 | 62 | 213,044 | 644,052 | 619,927 | |||
| Property costs and site management |
74,023 | 59,715 | 133,738 | 279,589 | ||||
| 504,969 | 62 | 213,044 | 59,715 | 777,790 | 899,516 | |||
| Share of (see note |
support costs 8) |
44,331 | 13,026 | 57,357 | 48,898 | |||
| Share of governance costs (see note 8) |
7,523 | 7,523 | 10,762 | |||||
| 556,823 | 62 | 213,044 | 72,741 | 842,670 | 959,176 | |||
| Analysis | by | fund | ||||||
| Unrestricted | funds | 556,823 | 62 | 13,497 | 72,741 | 643,123 | ||
| Restricted | funds | 199,547 | 199,547 | |||||
| 556,823 | 62 | 213,044 | 72,741 | 842,670 | ||||
| For the year | ended 31 | December 2020 | ||||||
| Unrestricted | funds | 626,699 | 125,779 | 5,956 | 200,742 | 959,176 | ||
| 626,699 | 125,779 | 5,956 | 200,742 | 959,176 |
| 8 | Support | costs | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||||
| costs | costs | costs | costs | ||||||
| E | E | E | |||||||
| Central | ITcosts | 32,942 | 32,942 | 32,245 | 32,245 | ||||
| Communications | 3,119 | 3,119 | 250 | 250 | |||||
| Finance | costs | 10,975 | 10,975 | 5,732 | 5,732 | ||||
| Servicing | of loans | 10,321 | 10,321 | 10,671 | 10,671 | ||||
| Audit fees | 7,523 | 7,523 | 10,762 | 10,762 | |||||
| 57,357 | 7,523 | 64,880 | 48,898 | 10,762 | 59,660 | ||||
| Analysed | between | ||||||||
| Charitable | activities | 57,357 | 7,523 | 64,880 | 48,898 | 10,762 | 59,660 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Number | Number | ||||
| St Paul's Centre, | site and facilities staff | 4 | |||
| Clergy, pastoral | and ministry | staff | 10 | ||
| Operations | staff | 4 | |||
| TLG staff | 3 | ||||
| Ttl | 21 |
| Total | Total |
|---|---|
| 2021 | 2020 |
| E | F |
| 50,000 | (150,000) |
| 12 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Plant, equipment | and machinery | ||||
| F | |||||
| Cost | |||||
| At 1 January 2021 | 496,925 | ||||
| Additions | 21,539 | ||||
| Fully depreciated assets written |
out | (387,948) | |||
| At 31 December 2021 | 130,516 | ||||
| Depreciation and impairment |
|||||
| At 1 January 2021 | 444,782 | ||||
| Depreciation charged |
in the year | 40,264 | |||
| Fully depreciated assets written |
out | (387,948) | |||
| At 31 December 2021 | 97,098 | ||||
| Carrying amount |
|||||
| At 31 December 2021 | 33,418 | ||||
| At 31 December 2020 | 52,143 |
| Investment property |
||
|---|---|---|
| 2021 | ||
| F | ||
| Fair value | ||
| At 1 January 2021 | 1,050,000 | |
| Net gains or losses through | fair value adjustments | 50,000 |
| At 31 December 2021 | 1,100,000 |
| 14 | Financial instruments |
Financial instruments |
Financial instruments |
2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|---|
| F | |||||||||
| Carrying amount |
offinancial | assets | |||||||
| Debt instruments | measured | at | amortised | cost (debtors) | 83,586 | 15,371 | |||
| Carrying amount |
offinancial | liabilities | |||||||
| Measured at |
amortised | cost (creditors) | 576,657 | 387,084 | |||||
| 15 | Debtors | ||||||||
| 2021 | 2020 | ||||||||
| Amounts falling |
due within one year: | F | |||||||
| Trade debtors | 77,815 | ||||||||
| Other debtors | 5,771 | 15,371 | |||||||
| Prepayments | and | accrued income | 287,570 | 7,070 | |||||
| 371,156 | 22,441 | ||||||||
| 16 | Loans and overdrafts | ||||||||
| 2021f | 2020f | ||||||||
| Sank loans | 434,250 | 300,085 | |||||||
| Payable within |
one year | 165,835 | 20,984 | ||||||
| Payable after | one | year | 268,415 | 279,101 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | Analysis ofchanges in net (debt)/funds |
Analysis ofchanges in net (debt)/funds |
Analysis ofchanges in net (debt)/funds |
|||
|---|---|---|---|---|---|---|
| At 1 January | Cash flows | At 31 December | ||||
| 2021 | 2021 | |||||
| E | F. | F | ||||
| Cash | at bank and | in hand | 140,966 | 59,048 | 200,014 | |
| Loans | falling due | within one year | (20,984) | (144,851) | (165,835) | |
| Loans | falling due | after more than one year | (279,101) | 10,686 | (268,415) | |
| (159,119) | (75,117) | (234,236) | ||||
| 27 | Prior period | adjustment | ||||
| Changes to the balance sheet |
| Changes | to the balance sh | eet | ||||
|---|---|---|---|---|---|---|
| At 31 | December | 2020 | ||||
| As previously | Adjustment | As restated | ||||
| reported | ||||||
| E | F | F | ||||
| Capital funds | ||||||
| Endowment | funds | 1,050,000 | 1,050,000 | |||
| Income funds | ||||||
| Restricted | funds | (268,293) | 55,641 | (212,652) | ||
| Unrestricted | funds | 93,347 | (55,641) | 37,706 | ||
| Total equity | 875,054 | 875,054 |