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2021-12-31-accounts

C/ergy: The Revd. Dr Peter Waddell Chair
The Revd, Maxine Howarth
Church yyardes: Mrs Carol Higgs Vice Chair
Prof Thomas Betteridge
Deanery Synod
Representatives: Ms Wendy
Ball
Prof Richard Simons
Mr Roland Maxted
Elected Members: Mr Richard
Baldwin		 (Chair of Property)
Mr William Sanderson (Chair of Finance and Fund-raising)
Mrs Brenda Southorn
Mr Christopher
Sanders		 Treasurer
Dr Kathryn
Goodman		 Parish Safeguarding Officer
Dr Helen Shephard
Ca-opted members Mrs Lucy Farquharson Secretary

Note Unrestricted Restricted Endowment TOTAL TOTAL
Funds Fuilds Funds 2021 2020
INCOME AND ENDOWMENTS FROM; E E 6 E 6
Donanons
and Legacies		 2a 136,645 7,248 143,893 165,283
Charitable
acbvities		 2b 6,175 150 6,325 4,695
Other activities 2c 61,451 4,419 65,870 55,152
Investments 2&I 528 48 583 874
Other 2e 666 666 360
TOTAL INCOME 205,465 11,865 217,337 226,364
EXPENDITURE ON:
Raising funds 3a 8,946 496 9,442 4,012
Charitable
activities		 3b 179,252 22,614 201,866 206,673
TOTAL EXPENDITURE 188,198 23,110 211,308 210,685
NET INCOME/(EXPENDITURE) BEFORE 17,267 (11,245) 7 6,029 15,679
GAINS AND LOSSES ON INVESTMENTS
GAINS/(LOSSES)
ON REVALUATIONS		 13 205,000
GAINS/(LOSSES)
ON INVESTMENTS		 14 2,435 3,062 5,497 2,657
NET INCOME/(EXPENDITURE) 19,702 (11,245) 3,069 11,526 223,336
TRANSFERS BETWEEN FUNDS 23 (8,584) 8,584
NET MOVEMENT
IN FUNDS		 11,118 (2,661) 3,069 11,526 223,336
RECONCILIATION
OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD 697,246 565,357 18,081 1,280,684 1,057,348
TOTAL FUNDS CARRIED FORWARD 708,364 562,696 21,150 1,292,210 1,280,684

Note 2021 2020
E E
FIXED ASSETS
Tangible fixed assets 13 1,100,000 1,100,000
Fixed asset investments 14 40,604 35,100
1,140,604 1,135,100
CURRENT ASSETS
Debtors 16 5,867 8,342
Current asset investments 17 13,987 13,941
Short term deposits 72,027 71,496
Cash at bank and in hand 74,471 66,156
166,352 159,935
CURRENT LIABILITIES
Amounts
falling due		 18 14,746 14,351
within
one year
NET CURRENT ASSETS 151,606 145,584
TOTAL NET ASSETS 1,292,210 1,280,684
REPRESENTED BY
Unrestricted
funds		 19 708,364 697,246
Restricted
funds		 20 562,696 565,357
Endowment
funds		 21 21,150 18,081
1,292,210 1,280,684

Note Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
2a Donations and Legacies
Planned
giving —Gift-Aided		 88,927 88,927 89,142
Planned
giving-GAYE		 and CAF
Planned
giving —tax recovery		 22,232 22,232 22,353
Planned
giving —non-Gift-Aided		 6,062 6,062 5,758
Collections 4 1,788 25 1,813 1,380
Grants 1,461 2,630 4,091 28,790
Donations,
appeals, etc		 11,175 4,593 15,768 17,860
Legacies 5,000 5,000
136,645 7,248 143,893 165,283
2b Charitable
Activities
Fees 5,409 5,409 3,818
Fetes
Social events 311 311 722
Other Charitable
Activity income		 455 150 605 155
6,175 150 6,325 4,695
2c Other Trading Activities
Hall gr Stable block lettings 35,053 35,053 13,734
Bookstall 6 6 43
Church
Magazine		 2,673 2,673 2,455
40 KW Rental income 18,600 18,600 37,067
Fund-raising
income		 435 4,419 4,854 1,170
Other operating
achvities		 4,684 4,684 683
61,451 4,419 65,870 55,152
2d investments
Interest and dividends 528 48 7 583 874
528 48 7 583 874
2e Other
Expense recoveries 378 378 360
Other income 288 288
666 666 360
TOTAL INCOME 205,465 11,865 7 217,337 226,364
Note Unrestncted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
3a Raising funds
Fete expenses
Social events 100 100 256
Fund-raising
expenses		 70 496 566 4
40 Kindersley
Way Costs		 5 8,776 8,776 3,752
8,946 496 9,442 4,012
3b Church activities
Grants and donations 8,050 7,340 15,390 9,678
Quota —stipends (Incumbent) 35,136 35,136 35,141
Quota —Housing (Curate) 10,500 10,500
Quota —ministry support 62,837 62,837 66,348
Salaries and wages 16,368 16,368 13,319
Vicar's expenses 1,287 1,287 1,606
Curate's expenses 989 989 463
Clergy assistants' expenses 129 129
Service expenses 1,514 786 2,300 4,817
Seekers, children and youth work 153 153 251
Magazine,
Bookstall and		 other acbvities 3,181 752 3,933 3,157
Adult Mission and training 396 396 78
Property
running		 expenses 9 11,701 11,701 11,367
Property
maintenance		 10 3,345 9,181 12,526 32,509
New building
work
Churchyard
costs		 11 3,036 4,331 7,367 8,277
Church
hall costs		 12 11,232 11,232 11,802
Office costs 6,682 6,682 5,256
Organist
and choirmaster		 fees 1,498 1,498 t,ttt
Miscellaneous 210 210 282
Bank charges 261 71 332 311
Independent
examiner's		 fee 900 900 9DD
179,252 22,614 201,866 206,673
TOTAL EXPENDITURE 188,198 23,110 211,308 210,685
Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2D20
E E E E E
Abbots Langley 0
8.00 am 25
9.30am 160 160 360
6.30pm
Baptisms 1,268 1,268 355
Weddings
Funerals 30
Other
Bedmond 84 84 266
Charity Collecbons 20 20 65
Gift Aid Recovery 276 5 281 279
1,788 25 1,813 1,380

Unrestricted Restricted TOTAL TOTAL
Funds Funds 2021 2020
E E E
General Maintenance 5,688 5,688 860
Insurance 444 444 405
Rent management fees 2,644 2,644 2,487
8,776 8,776 3,752
6 CHARITABLE DONATIONS
Unrestricted Restricted TOTAL TOTAL
Funds Funds 2021 2020
E E E E
6b Christian
Relief		 & Development
Christian
Aid
Malawi '		 7,315 7,315 1,145
7,315 7,315 1,145
6c Home Missions &
other Church Societies
Joseph Rank Trust 500
Children's
Society		 25 25 103
Wafford Schools Trust 150 150 180
150 25 175 783
6d Secular Charitfes
Abbots Langley Carers Network
Citizens Advice Service in Three Rivers 7,750 7,750 7,750
DEC Emergency Appeal
Food Bank 150 150
Royal British Legion
Watford Town Centre Chaplaincy
7,900 7,900 7,750
8,050 7,340 15,390 9,678

Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
Magazine 2,059 2,059 2,167
Bookstall
Bookof Remembrance 1,122 1,122 433
Flowers 752 752 557
3,181 752 3,933 3,157
Income Expenditure Surplus/(Deficit)
2021 2020
Magazine 2,673 2,059 614 288
Bookstall 6 6 43
Book of Remembrance 1,044 1,122 PB) 27
Flowers 534 752 (218) (150)
4,257 3,933 324 208

Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
Abbots Longley
Insurance 3,862 3,862 3,979
Heating 2,362 2,362 2,255
Lighting 1,200 1,200 1,230
Water 104 104 264
Caretaker 2,718 2,718 2,560
10,246 10,246 10,288
Bedmond
Insurance 404 404 396
Heating and Lighting 912 912 560
Water 139 139 123
1,455 1,455 1,079
11,701 11,701 11,367
Unrestricted Restricted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
Abbots Longley
General Maintenance 4,758 513 5,271 994
Major repairs (2,513) 7,522 5,009 19,469
Breakspeare room (500) (500) 3,000
Organ tuning 802 802 526
Architect's fee 1,146 1,146 4,888
2,547 9,181 11,728 28,877
Bedmond
General Maintenance 798 798 2,758
Major repairs 874
Architect's fee
798 798 3,632
3,345 9,181 12,526 32,509

Unrestricted Restncted Endowment TOTAL TOTAL
Funds Funds Funds 2021 2020
E E E E E
Repairs 3,036 1,079 4,115 387
Grass cutting 60 60 84
Petrol and oil 66 66 73
Tree lopping 2,050 2,050 6,810
Equipment
Miscellaneous 1,076 1,076 923
3,036 4,331 7,367 8,277
Unrestricted Restricted T01AL TOTAL
Funds Funds 2021 2020
E E 6 6
Cleaner 3,564 3,564 2,671
Heating 789 789 971
Lighting 971 971 778
Water 408 408 144
General Maintenance 2,759 2,759 1,524
Major repairs 2,220
Insurance 2,591 2,591 2,470
Miscellaneous 150 150 1,024
11,232 11,232 11,802

Freehold land and buildings land and buildings
Unrestricted Restricted Total
GROSS BOOK VALUE f f E
At 1stJanuary 2021 550,000 550,000 1,100,000
Additions
Disposals
Revaluation
At 31st December 2021 550,000 550,000 1,100,000
DEPRECIATION
At 1st January 2021
Charge for the year
Eliminated
on disposa		 I
At 31st December 2021
NET BOOK VALUE
At 31st December 2021 550,000 550,000 1,100,000
At 31st December 2020 550,000 550,000 1,100,000
Market Market Income Withdrawal Change in Market
Value Market Value
2020 Value 2021
5 6 6
CBFInvestment
Fund		 1,308 190 1,498
kyar Memorial Fund (Endowment)
CBFInvestment
Fund		 232 34 266
Church
Hall Fund (Endowment)
CBF Investment
Fund		 220 227
Church
Hall Fund (Endowment)
CBF Investment
Fund		 16,321 2,838 19,159
Church
Hall Fund (Endowment)
CBF Investment
Fund		 17,019 2,435 19,454
General Fund
35,100 5,497 40,604
15 FINANCIAL
INSTRUMENTS
2021 2020
5
Carrying
amount offinancial		 assets
Debt instruments
measured		 at amortised cost 5,867 8,342
Carrying
amount offinancial		 liabilities
Measured
at amortised		 cost 14,746 14,351
16 DEBTORS AND PREPAYMENTS
2021 2020
5
Income tax recoverable 2,727 3,122
Prepayments
and accrued		 income 3,140 5,220
5,867 8,342
17 CURRENT ASSET INVESTMENTS
2021 2020
6
DBFDeposit Fund 1,763 1,724
kyar Memorial (Restricted)
DBF Deposit Fund 12,224 12,217
Churchyard
(Resiricled)
13,987 13,941
18 CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR 2021 2020
F
Accruals and deferred income 6,984 7,675
Other Creditors 7,762 6,676
14,746 14,351
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21 ENDOWMENT
FUNDS		 ENDOWMENT
FUNDS		 Church
Hall		 War Memorial TOTAL
Fund Fund
E E
Balance at 1stJanuary 2021 16,773 1,308 18,081
Income
Expenditure
Gain on fixed assets and investments 2,872 190 3,062
Balance at 31st December 2021 19,652 1,498 21,150
Represented by:
Fixed Assets 19,652 1,498 21,150
Net Current Assets
19,652 1,498 21,150
22 ANALYSIS OF NET ASSETS BYFUND
Unrestricted Restricted Endowment TOTAL
Funds Funds Funds
E E E E
Fixed Assets 569,453 550,000 21,150 1,140,603
Net Current Assets 138,911 12,696 151,607
708,364 562,696 21,150 1,292,210

Unrestricted Restncted Endowment TOTAL TOTAL
Funds Funds Funds 2020 2019
INCOME AND ENDOWMENTS FROM: 6 E E 6 6
Donations
and Legacies		 147,224 80,041 227,265 177,235
Charitable
activities		 16,056 14,813 30,869 28,766
Other activities 32,750 32,750 31,755
Investments 35,897 188 36,093 36,350
Other 1,201 1,201 221
TOTAL INCOME 233,128 95,042 8 328,178 274,327
EXPENDITURE ON;
Raising funds 5,961 960 6,921 9,482
Charitable
activities		 253,999 102,057 356,056 237,286
TOTAL EXPENDITURE 259,960 103,017 362,977 246,768
NET INCOME/(EXPENDITURE) BEFORE (26,832) (7,975) 8 (34,799) 27,559
GAINS AND LOSSES ON INVESTMENTS
GAINS/(LOSSES)
ON INVESTMENTS		 2,509 2,873 5,382 /149)
NET INCOME/(EXPENDITURE) (26,832) (5,466) 2,881 (29,417) 27,410
TRANSFERS BETWEEN FUNDS (7,500) 7,500
NET MOVEMENT
IN FUNDS		 (34,332) 2,034 2,881 (29,417) 27,410
RECONCILIATION
OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD 504,945 568,182 13,638 1,086,765 1,059,355
TOTAL FUNDS CARRIED FORWARD 470,613 570,216 16,519 1,057,348 1,086,765

Church
Hall		 War Memorial 10TAL
Fund Fund
f f
Balance at 1st January 2020 15,296 1,223 16,519
Income
Expenditure
Gains on investments 1,477 85 1,562
Balance at 31st December 2020 16,773 1,308 18,081
Represented by 18773 1308 18081
Fixed Assets
Net Current Assets 16,773 1,308 18,081
15,296 1,223 16,519
Unrestricted Restricted Endowment TOTAL
Funds Funds Funds
f f f
Fixed Assets 567,018 550,000 18,081 1,135,099
Net Current Assets 130,228 15,357 145,585
697,246 565,357 18,081 1,280,684