||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|6| |Independent
Examiner's|Report|||| |Statement of Financial|Activities|||| |Balance Sheet||||| |Notes to the Financial Statements||10|to|22| |Detailed Statement ofFinancial Activities||23|to|24| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ForThe Year Ended|3|1stDecem|ber 202|0||||| |---|---|---|---|---|---|---|---|---| ||||||||31/12/20|31/12/19| |||||Unrestricted|Restricted|Endowment|Total|Total| ||||Notes|funds
5|funds
f|funds|funds
8|fundsf| |INCOME AND ENDOWMENTS||||||||| |FROM||||||||| |Voluntary
income|||2|71,461|161,551||233,012|164,217| |Activities for generating||funds||13,937|||13,937|49,508| |Investment
income||||1,077|||1,077|59| |Church
activities||||615|||615|19,709| |Total||||87,090|161,551||248,641|233,493| |EXPENDITURE ON||||||||| |Raising funds||||20|||20|12,046| |Charitable
activities||||||||| |Church activities||||151,626|166,624||318,250|273,528| |Total||||151,646|166,624||318,270|285,574| |Net gains on investments||||13,198||1,042|14,240|37,705| |NET INCOME/(EXPENDITURE)||||(51,358)|(5,073)|1,042|(55,389)|(14,376)| |RECONCILIATION|OF|FUNDS||||||| |Total funds brought|forward|||230,926|76,490|15,090|322,506|336,882| |TOTAL FUNDS CARRIED||||||||| |FORWARD||||179,568|71,417|16,132|267,117|322,506| ## |Balance Sheet
31stDecember 2020||||||| |---|---|---|---|---|---|---| ||||||31/12/20|31/12/19| |||Unrestricted|Restricted|Endowment|Total|Total| ||Notes|funds|funds
f|fundsf|funds
f|fundsf| |FIXEDASSETS||||||| |Tangible assets
Investments|11
12|129,153||16,132|145,285|45,186
219,980| |||129,153||16,132|145,285|265,166| |CURRENT ASSETS||||||| |Stocks
Debtors|13
14|6,079
50|105,234||6,079
105,284|6,079
23,836| |Cash at bank||94,341|35,098||129,437|131,658| |||100,470|140,330||240,800|161,573| |CREDITORS||||||| |Amounts
falling due within one
year|15|(50,055)|(68,913)||(118,968)|(104,233)| |NET CURRENT ASSETS||50,415|71,417||121,832|57,340| |TOTAL ASSETSLESS||||||| |CURRENT LIABILITIES||179,568|T1,417|16,132|267,11T|322,506| |NETASSETS||179,568|71,417|16,132|267,117|322,506| |FUNDS|17|||||| |Unrestricted
funds|||||179,568|230,926| |Restdicted funds|||||71,417|76,490| |Endowment
funds|||||16,132|15,090| |TOTALFUNDS|||||267,117|322,506| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ACTIVITIES F|OR||GE|NERATIN|G
FUNDS|G
FUNDS|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestdicted|||Unrestricted|||| ||||||Funds
f||Total 2020
E|Funds
f||Total 2019
6|| |Parish magazine||and|||||||||| |bookshop||||||29|29||685|685|| |Abbey bookshop|||||2,771||2,771|24,|357|24,357|| |Use ofchurch|building|||and|||||||| |Abbey
Hall hire|||||4,611||4,611|11,053||11,053|| |Weddings,
funerals
cremations|||and||6,343||6,343|13,413||13,413|| |Other||||||183|183||||| ||||||13|937|13937|49|508|49508|| |INVESTMENT|INCOME||||||||||| ||||||||||31/12/20||31/12/19| |||||||||||f|| |Deposit account interest||||||||||1,077|59| |RAISING FUNDS|||||||||||| |Other trading|activities||||||||||| ||||||||||31/12/20
f||31/12/19
f| |Costs offetes|and||other events|||||||20|12,046| ## ## ## |CHARITABLE ACTIVITIE|S COSTS||||||| |---|---|---|---|---|---|---|---| ||Unrestricted|Restricted|Total|Unrestncted||Restricted|| ||Funds|Funds|2020|Funds||Funds|Total 2019| ||E|E|F.|f||E|E| |Parish Share|6,209||6,209|108,007|||108,007| |Grants (Note 7)|||||||| |-Overseas
Missions|||||80||80| |- Home Missions||1,324|1,324|||1,261|1,261| |Abbey book shop|1,684||1,684||8,038||8,038| |Abbey Hall|||||||| |-Heat, light and water|||||230||230| |- lnsurances|1,596||1,596||||| |-Repairs and Maintenance|1,755||1,755||892||892| |- Utilities|1,538||1,538||||| |Home mission|12,427|2,212|14,639||||| |Clergy expenses|138||138||1,724||1,724| |Church
running
expenses|||||||| |-Depreaation
on computer|||||||| |equipment||45,187|45,187|||11,296|11,296| |- Heating,
light and water
- Insurances|10,677
607|9,928|10,677
10,535|10,901
7,316|||10,901
7,316| |—Maintenance
and|||||||| |cleaning|7,777|2,873|10,650|14,965||4,556|19,521| |- Major repairs (structure)|367|2,082|2,449||||| |- Major repairs
(installation)|15,184|79,760|94,944||||| |Upkeep ofservices|7,614|10,530|18,144|16,883||248|17,131| |Salaries and support costs|||||||| |-Salaries/honoraria/staff|42,934|9,616|52,550|45,320||2,842|48,162| |- Education
and training|1,691||1,691||3,818||3,818| |-Professional
fees|7358|2,760|10,118||7,456||7,456| |Church administration|17,057|352|17,409|12,096||75|12,171| |Rent|4,680||4,680||2,400||2,400| |Bank charges and fees|2,305||2,305||1,761||1,761| |Governance
costs|||||||| |-Treasurer|4,728||4,728||8,063||8,063| |-Independent
examiner's|||||||| |remuneration|3,300||3,300||3,300||3,300| ||151626|166624|318250|253250||20278|273528| |GRANTS PAYABLE|||||||| |||||||31/12/20|31/12/19| ||||||||E.| |Church
activities||||||1,324|1,341| ## ## ## ## ## ## ## |31st December 2019|.||||||||| |---|---|---|---|---|---|---|---|---|---| |STAFF COSTS|||||||||| |||||||||31/12/20|31/12/19| |||||||||E|f| |Wages and salaries||||||||52,550|48,162| |||||||||52,550|48,162| |The average
monthly|number of||employees||during|the year was as|follows:||| |||||||||31/12/20|31/12/19| |Staff||||||||5|7| |No employees
received||emoluments||in excess of||f60,000.|||| |COMPARATIVES FOR||THE STATEMENT|||OF FINANCIAL ACTIVITIES||||| |||||||Unrestricted|Restricted|Endowment|Total| |||||||funds
f|funds|funds
8|fundsf| |INCOME AND ENDOWMENTS|||FROM||||||| |Voluntary
income||||||96,552|67,665||164,217| |Activities
for generating||funds||||49,508|||49,508| |Investment
income||||||59|||59| |Church
activities||||||19,709|||19,709| |Total||||||165,828|67,665||233,493| |EXPENDITURE ON|||||||||| |Raising funds||||||11,436|610||12,046| |Charitable
activities|||||||||| |Church
activities||||||253,250|20,278||273,528| |Total||||||264,686|20,888||285,574| |Net gains on investments||||||35,325||2,380|37,705| |NET INCOME/(EXPENDITURE)||||||(63,533)|46,777|2,380|(14,376)| |Transfers between|funds|||||(3,911)|3,911||| |Net movement
in funds||||||(67,444)|50,688|2,380|(14,376)| |RECONCILIATION|OF|FUNDS|||||||| |Total funds brought|forward|||||298,370|25,802|12,710|336,882| |TOTAL FUNDS CARRIED FORWARD||||||230,926|76,490|15,090|322,506| ## ## |TANGIBLE FIXEDASSETS|| |---|---| ||Computer| ||equipment
f| |COST|| |At 1stJanuary 2020 and|| |31stDecember 2020|56,482| |DEPRECIATION|| |At 1stJanuary 2020|11,296| |Charge for year|45,186| |At 31stDecember 2020|56,482| |NET BOOK VALUE|| |At 31stDecember 2020|| |At 31stDecember 2019|45,186| ## ## |FIXEDASSET INVESTMENTS|| |---|---| ||Listed| ||investments| ||6| |MARKET VALUE|| |At 1stJanuary 2020|219,980| |Disposals|(88,871)| |Revaluations|14,176| |At 31stDecember 2020|145,285| |NET BOOK VALUE|| |At 31stDecember 2020|145,285| |At 31stDecember 2019|219,980| ## ## ## |STOCKS||||| |---|---|---|---|---| ||||31/12/20|31/12/19| ||||f|6| |Shop stock|||6,079|6,079| |DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||| ||||31/12/20|31/12/19| ||||f|6| |Trade debtors|||95,296|19,000| |Other debtors|||50|4,836| |Prepayments|and accrued income||9,938|| ||||105,284|23,836| ## ## |CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YE|AR|||| |---|---|---|---|---|---|---| ||||||31/12/20|31/12/19| ||||||5|| |Bank loans and|overdrafts|(see note 16)|||45,316|| |Trade creditors|||||64,160|17,300| |Taxation and social security|||||212|| |Other creditors|||||9,280|86,933| ||||||118,968|104,233| |LOANS||||||| |An analysis
ofthe maturity||of loans is given below:||||| ||||||31/12/20|31/12/19| ||||||f|f| |Amounts
falling
Bank overdrafts|due within|one year on demand|||45,316|| |MOVEMENT
IN FUNDS||||||| ||||||Net|| ||||||movement|At| ||||AI1.1 20||in funds|31 12.20| ||||f|||| |Unrestricted
funds||||||| |General
fund|||21,572||(64,542)|(42,970)| |R Hyams|||138,274||12,177|150,451| |F/ Buttolph|||71,080||1,007|72,087| ||||230,926||(51,358)|179,568| |Restricted funds||||||| |Spooner row fabric fund|||10,246|||10,246| |Alter cloth||||753||753| |Spooner row churchyard|||5,000||(660)|4,340| |9.15am Eucharist service|||2,000||(2,000)|| |Creation ofa new website|||2,482||(2,482)|| |Vicar 8 Church|Wardens|Fund|||(1,380)|(1,380)| |New sound system|||55,186||(47,375)|7,811| |Admin assistant|to Vicar|||823|384|1,207| |Floodlights|||||90|90| |Foodboxes|||||80|80| |Insurance|||||9,938|9,938| |Lighting|||||38,588|38,588| |TBC fund|||||4|4| |Vicarage legal fees|||||(260)|(260)| ||||76,490||(5,073)|71,417| |Endowmentfunds||||||| |Bailey|||15,090||1,042|16,132| |TOTAL FUNDS|||322,506||(55,389)|267,117| ## ## ## |MOVEMENT
IN FUNDS|- contin|ued||||| |---|---|---|---|---|---|---| |Net movement
in funds,|included|in the above are as follows||||| |||Incoming|Resources|Gains|and|Movement| |||resources
f|expended
5|losses
f||in funds
f| |Unrestricted
funds||||||| |General
fund||87,090|(151,646)||14|(64,542)| |R Hyams
Fl Buttolph||||12,177
1,007||12,177
1,007| |||87,090|(151,646)|13,198||(51,358)| |Restricted funds||||||| |Spooner row churchyard|||(660)|||(660)| |9 15am Eucharist service|||(2,000)|||(2,000)| |Creation ofa new website|||(2,482)|||(2,482)| |Vicar 8 Church Wardens|Fund||(1,380)|||(1,380)| |New sound system||1|(47,376)|||(47,375)| |Admin assistant to Vicar||10,000|(9,616)|||384| |Abbey Churchyard||500|(500)|||| |Altar Frontal||7,370|(7,370)|||| |External sockets||300|(300)|||| |Floodhghts||90||||90| |Foodboxes||80||||80| |Insurance||19,866|(9,928)|||9,938| |Lighting||118,348|(79,760)|||38,588| |Pres trust specified funds||2,466|(2,466)|||| |TBC fund||30|(26)|||4| |Vicarage legal fees||2,500|(2,760)|||(260)| |||161,551|(166,624)|||(5,073)| |Endowmentfunds||||||| |Bailey||||1,042||1,042| |TOTAL FUNDS||248,641|(318,270)|14,240||(55,389)| ## ## |Comparatives|for move|me|nt
in fun|ds||||| |---|---|---|---|---|---|---|---|---| |||||||Net|Transfers|| |||||||movement|between|At| ||||||At 1.1.19
f|in funds
E|funds
f|31.12.19| |Unrestricted|funds|||||||| |General
fund|||||124,617|(99,134)|(3,911)|21,572| |R Hyams|||||113,534|24,740||138,274| |F/ Buttolph|||||60,219|10,861||71,080| ||||||298,370|(63,533)|(3,911)|230,926| |Restricted funds||||||||| |Spanner
row|fabric fund||||14,802|(4,556)||10,246| |Alter cloth|||||1,000|(247)||753| |Spooner row|churchyard||||5,000|||5,000| |9.15am Eucharist service|||||2,000|||2,000| |Creation ofa|new website||||3,000|(518)||2,482| |Vicar &Church Wardens
New sound system||Fund||||(261)
51,536|261
3,650|55,186| |Admin assistant to Vicar||||||823||823| ||||||25,802|46,777|3,911|76,490| |Endowmentfunds||||||||| |Bailey|||||12,710|2,380||15,090| |TOTAL FUNDS|||||336,882|(14,376)||322,506| |Comparative|net movement||in funds,|included|in the above are as follows|||| ||||||Incoming|Resources|Gains and|Movement| ||||||resources
5|expended
f|losses
6|in funds
8| |Unrestricted|funds|||||||| |General fund|||||165,828|(264,686)|(276)|(99,134)| |R Hyams|||||||24,740|24,740| |F/ Buttolph|||||||10,861|10,861| ||||||165,828|(264,686)|35,325|(63,533)| |Restricted funds||||||||| |Spooner row|fabric fund|||||(4,556)||(4,556)| |Alter cloth||||||(247)||(247)| |Creation ofa|new website|||||(518)||(518)| |Vicar &Church Wardens||Fund|||1,000|(1,261)||(261)| |New sound system|||||63,000|(11,464)||51,536| |Admin assistant to Vicar|||||3,665|(2,842)||823| ||||||67,665|(20,888)||46,777| |Endowmentfunds||||||||| |Bailey|||||||2,380|2,380| |TOTAL FUNDS|||||233,493|(285,574)|37,705|(14,376)| ## ## |A current year 12 months|and prior year 1|2 months
combined
posit|ion
is as follows.|||| |---|---|---|---|---|---|---| ||||Net|Transfers||| ||||movement|between||At| |||At 1.1.19|in funds|funds||31.12.20| |||8|5|E||8| |Unrestricted
funds||||||| |General
fund||124,617|(163,676)|(3,911)||(42,970)| |R Hyams
F/ Buttolph||113,534
60,219|36,917
11,868|||150,451
72,087| |||298,370|(114,891)|(3,911)||179,568| |Restricted funds||||||| |Spooner row fabric fund
Alter cloth||14,802
1,000|(4,556)
(247)|||10,246
753| |Spooner row churchyard||5,000|(660)|||4,340| |9.15am Eucharist service||2,000|(2,000)|||| |Creation ofa new website||3,000|(3,000)|||| |Vicar &Church Wardens|Fund||(1,641)||261|(1,380)| |New sound system|||4,161|3,650||7,811| |Admin assistant
to Vicar|||1,207|||1,207| |Floodlights|||90|||90| |Foodboxes|||80|||80| |Insurance|||9,938|||9,938| |Lighting|||38,588|||38,588| |TBC fund|||4|||4| |Vicarage legal fees|||(260)|||(260)| |||25,802|41,704|3,911||71,417| |Endowmentfunds||||||| |Bailey||12,710|3,422|||16,132| |TOTAL FUNDS||336,882|(69,765)|||267,117| ## ## ## ## ## ## ## ## ## ## ## ## |ForThe Year Ended|31|stDecember 20|20|||||| |---|---|---|---|---|---|---|---|---| ||||||||31/12/20|31/12/19| ||||Unrestncted|Restricted||Endowment|Total|Total| ||||funds
f|funds
f||funds
5|fundsf|funds
E| |INCOME AND ENDOWMENTS||||||||| |Voluntary
income||||||||| |Donations
and legacies|||71,461|161,551|||233,012|164,217| |Activities for generating||funds||||||| |Fundraising
events|||13,937||||13,937|49,508| |Investment
income||||||||| |Deposit account interest|||1,077||||1,077|59| |Church activities||||||||| |Church activities and social||||||||| |events|||615||||615|19,709| |Total incoming
resources|||87,090|161,551|||248,641|233,493| |EXPENDITURE||||||||| |Other trading
activities||||||||| |Costs offetes and other||events|20||||20|12,046| |Charitable
activities||||||||| |Salaries/honoraria/staff|||42,934|9,616|||52,550|48,162| |Upkeep ofservices|||7,614|10,530|||18,144|17,131| |Clergy expenses|||138||||138|1,724| |Insurance|||607|9,928|||10,535|7,316| |Light, heat and water|||13,811||||13,811|11,131| |Shop|||1,684||||1,684|8,038| |Repairs, maintenance|and|||||||| |cleaning|||25,083|84,715|||109,798|20,413| |Church
administration|||12,576||352||12,928|8,835| |Telephone|||4,481||||4,481|3,336| |Bank charges and fees|||2,305||||2,305|1,761| |Rent|||4,680||||4,680|2,400| |Parish share|||6,209||||6,209|108,007| |Education
and training|||1,691||||1,691|3,818| |Professional
fees|||7,358|2,760|||10,118|7,456| |Home mission|||12,427|2,212|||14,639|| |Depredation
oftangible||fixed||||||| |assets||||45,187|||45,187|11,296| |Independent
examiners||||||||| |remuneration|||3,300||||3,300|3,300| |Treasurer|||4,728||||4,728|8,063| |Grants - Overseas & home||||||||| |missions||||1,324|||1,324|1,341| ||||151,626|166,624|||318,250|273,528| |Total resources expended|||151,646|166,624|||318,270|285,574| |Net expenditure
before||gains||||||| |and losses|||(64,556)|(5,073)|||(69,629)|(52,081)| |Realised recognised|gains and losses|||||||| |Carried forward|||(64,556)|(5,073)|||(69,629)|(52,081)| ## |ForThe Year Ended|31stDecember 20|20||||| |---|---|---|---|---|---|---| ||||||31/12/20|31/12/19| |||Unrestdicted|Restricted|Endowment|Total|Total| |||funds
E|funds|funds
9|fundsf|funds| |Realised recognised|gains and losses|||||| |Broughtforward||(64,556)|(5,073)||(69,629)|(52,081)| |Realised gains/(losses)|on fixed|||||| |asset investments||13,198||1,042|14,240|825| |Net expenditure||(51,358)|(5,073)|1,042|(55,389)|(51,256)|