| Report of |
the | Trustees | to | 7 | ||||
|---|---|---|---|---|---|---|---|---|
| Independent | Examiner's | Report | 8 | |||||
| Statement | of | Financial | Activities | 9 | ||||
| Balance Sheet |
10 | |||||||
| Cash Flow | Statement | II | ||||||
| Notes to |
the | Cash Flow | Statement | 12 | ||||
| Notes to |
the | Financial | Statements | 13 | to | 23 | ||
| Detailed |
Statement |
of | Financial |
Activities | 24 | to | 25 |
| Incumbent: | The Revd Rebecca Alison Lumley (Chairman) |
|---|---|
| Readers: | Stephen Parkin and John Edmond |
| Wardens: | Beverley Lawrence, Gill Gregory, Jill Edmond, and Keith Gilson |
| Elected Members: |
||
|---|---|---|
| Mark Merryweather | Rhys Davies | Peter Pocock |
| Richard Mattock | Alice Lee | Alan Ball (from 9 May 2021 ) |
| Emma Holdstock | Lavinia Raynor | Clair-Louise Raynor (from 8 May 2021 ) |
| Margaret Hairsine | Ed Norman | John Edmond |
| Joanne Boulter | Simon Pike | David Warren |
| Anne Mansfield (to 9 May 2021) | Jenny Cattermole (to 9 May 2021 ) | Sue Merryweather (to 9 May 2021) |
| John Constable (to 9 May 2021) | WillFowler (to9May 2021 ) | Ray Rumkee (to 9 May 2021) |
| David Bowden (to 9 May 2021 ) | Judith Bowden (to 9 May 2021) | Kathy Doughty (to 9 May 2021 ) |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| fund | funds | funds | funds | funds | |||||
| Notes | { | L | L | ||||||
| INCOME AND |
|||||||||
| ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
117,044 | 618,932 | 735,976 | 700,545 | |||||
| Charitable |
activities | ||||||||
| Church Activities | 7,240 | 7,240 | 6,885 | ||||||
| Other trading | activities | 8,075 | I 2,985 | 21,060 | 10,994 | ||||
| Investment income |
24,868 | 21 ,634 | 46,502 | 52,141 | |||||
| Other income | 5,327 | 12,956 | 18,283 | 17,339 | |||||
| Total | 162,554 | 666,507 | 829,061 | 787,904 | |||||
| EXPENDITURE | ON | ||||||||
| Raising funds | 6 | 1,925 | 108 | 2,033 | 4,280 | ||||
| Charitable |
activities | 7 | |||||||
| Church Activities | 156,159 | 753,880 | 910,039 | 926,964 | |||||
| Total | 158,084 | 753,988 | 912,072 | 931 ,244 | |||||
| Net gains on | investments | 59,047 | 121 ,299 | 76,375 | 256,721 | 107,849 | |||
| NET | |||||||||
| INCOME/(EXPENDITURE) | 63,517 | 33,818 | 76,375 | 173,710 | (35,491) | ||||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds |
brought | forward | 464,217 | 1,213,590 | 519,184 | 2,196,991 | 2,232,482 | ||
| TOT AL FUNDS |
CARRIED | ||||||||
| FORWARD | 527,734 | 1,247,408 | 595,559 | 2,370,701 | 2,196,991 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| fund | funds | funds | funds | funds | ||||
| Notes | L | L | ||||||
| FIXED ASSETS |
||||||||
| Investments | II | 471,804 | 966,407 | 595,559 | 2,033,770 | I ,773,849 | ||
| CURRENT | ASSETS | |||||||
| Stocks | I ,046 | I ,046 | I ,259 | |||||
| Debtors | 3,094 | I3,345 | 16,439 | 17,279 | ||||
| Cash at bank | 64,751 | 267,656 | 332,407 | 421,355 | ||||
| 68,891 | 281 ,001 | 349,892 | 439,893 | |||||
| CREDITORS | ||||||||
| Amounts falling due |
within one year | 14 | (12,961) | (12,961) | (16,751) | |||
| NET CURRENT |
ASSETS | 55,930 | 281 ,001 | 336,931 | 423,142 | |||
| TOT AL ASSETS |
LESS | |||||||
| CURRENT | LIABILITIES | 527,734 | I ,247,408 | 595,559 | 2,370,701 | 2, 196,991 | ||
| NET ASSETS |
527,734 | I ,247,408 | 595,559 | 2,370,701 | 2, 196,991 | |||
| FUNDS | IS | |||||||
| Unrestricted | funds | 527,734 | 464,217 | |||||
| Restricted |
funds | I ,247,408 | 1,213,590 | |||||
| Endowment | funds | 595,559 | 519, 184 | |||||
| TOTAL |
FUNDS | 2,370,701 | 2, 196,991 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from | operating | activities | |||||
| Cash generated from operations | (132,250) | (194,822) | |||||
| Net cash used in | operating |
activities | (132,250) | (194,822) | |||
| Cash flows from | investing | activities | |||||
| Purchase of fixed | asset investments | (3,200) | |||||
| Sale of fixed asset | investments | 225,000 | |||||
| Dividends received | 46,502 | 52,141 | |||||
| Net cash provided | by investing | activities | 43,302 | 277,141 | |||
| Change in cash |
and cash | equivalents |
in the | ||||
| reporting period |
(88,948) | 82,3 19 | |||||
| Cash and cash equivalents | at the beginning | ||||||
| of the reporting | period | 421,355 | 339,03(i | ||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
332,407 | 421,355 |
| ACTMTIES | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| { | { | |||
| Net income/(expenditure) | for the reporting | period (as per the | ||
| Statement of Financial |
Activities) | 173,710 | (35,491) | |
| Adjustments for: |
||||
| Gainoninvestments | (256,721) | (107,849) | ||
| Dividendsreceived | (46,502) | (52,141) | ||
| Decreaseinstocks | 213 | 235 | ||
| Decrease/(increase)indebtors | 840 | (808) | ||
| (Decrease)/increaseincreditors | (3,790) | 1,232 | ||
| Net cash used in operations | (132,250) | (194,822) |
| At I / I /2I | Cash flow | At31/12/21 | ||
|---|---|---|---|---|
| L | ||||
| Net | cash | |||
| Cash | at bank | 421 ,355 | (88,948) | 332,407 |
| 421,355 | (88,948) | 332,407 | ||
| Total | 421,355 | (88,948) | 332,407 |
| 202 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Planned Giving - Gift Aid Dona tion | 66,664 | 65,527 | |||||
| Gift aid | 20 | 768 | 25,538 | ||||
| Legacies | 000 | ||||||
| Grants and | insurance | claims | 56,773 | ||||
| Plate collections | 13,928 | 4 433 | |||||
| Donations, | appeals | etc | 534,616 | 437,274 | |||
| 735,976 | 700,545 | ||||||
| Grants received, included in the above, are as follows: | |||||||
| 2021 | 2020 | ||||||
| Other grants |
56,773 | ||||||
| OTHER |
TRADING | ACTMTIES | |||||
| 202 | 2020 | ||||||
| Fundraising | 4 | 453 | 2,774 | ||||
| Church & | Parish Hall letting | 5 | 990 | 7 483 | |||
| Bookstall | 617 | 737 | |||||
| 21 | ,060 | 10,994 | |||||
| INVESTMENT | INCOME | ||||||
| 2021 | 2020 | ||||||
| Investment | income | 46,502 | 52, 14 |
| 2021 | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Activity | ||||||||
| PCC | Fees | Church | Activities | 7,240 | 6,885 | |||
| RAISING |
FUNDS | |||||||
| Other | trading | activities | ||||||
| 202 | 2020 | |||||||
| Purchases | 296 | 266 | ||||||
| Fundraising | expenses | 737 | 4014 | |||||
| 2,033 | 4,280 |
| Support | ||||
|---|---|---|---|---|
| Direct | COStS Isee |
|||
| Costs | note 8) | Totals | ||
| L | ||||
| Church Activities | 905,068 | 4 97 | 910 039 | |
| SUPPORT | COSTS |
| COMPARATIVES | FOR THE | STATEMENT | OF FINANCIAL | ACTIVITIES | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| fund | funds | funds | funds | ||||
| { | { | ||||||
| INCOME AND |
ENDOWMENTS | FROM | |||||
| Donationsandlegacies | 100,303 | 600,242 | 700,545 | ||||
| Charitable activities |
|||||||
| Church Activities | 6,885 | 6,885 | |||||
| Other trading activities |
3,627 | 7,367 | 10,994 | ||||
| Investment income |
26,861 | 25,280 | 52,141 | ||||
| Other income | 17,339 | 17,339 | |||||
| Total | 155,015 | 632,889 | 787,904 | ||||
| EXPENDITURE | ON | ||||||
| Raising funds | 2,854 | I ,426 | 4,280 | ||||
| Charitable activities |
|||||||
| Church Activities | 167,565 | 759,399 | 926,964 | ||||
| Total | 170,419 | 760,825 | 931 ,244 | ||||
| Net gains on investments | 26,558 | 59,662 | 21,629 | 107,849 | |||
| NET INCOME/(EXPENDITURE) | 11,154 | (68,274) | 21 ,629 | (35,491) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought |
forward | 453,003 | I ,281 ,864 | 497,555 | 2,232,482 | ||
| TOTAL FUNDS |
CARRIED |
FORWARD | 464,217 | I ,213,590 | 519,184 | 2,196,991 |
| Listed | ||||||
|---|---|---|---|---|---|---|
| investments | ||||||
| MARKETVALUE | ||||||
| At I January 2021 | I ,773,849 | |||||
| Additions | 3,200 | |||||
| Revaluations | 256,721 | |||||
| At 31 December | 2021 | 2,033,770 | ||||
| NETBOOKVALUE | ||||||
| At 3I December | 2021 | 2,033,770 | ||||
| At 3 I December |
2020 | I ,773,849 | ||||
| There were no | investment | assets | outside the UK. | |||
| Cost or valuation | at 31 | December | 2021 is represented | by: |
| Listed | |||||||
|---|---|---|---|---|---|---|---|
| investments | |||||||
| Valuation in 2021 | 2,033,770 | ||||||
| 12. | STOCKS | ||||||
| 2021 | 2020 | ||||||
| Stocks | I ,046 | I ,259 | |||||
| ix. | DEBTORS: |
AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | ||
| 2021 | 2020 | ||||||
| Other debtors | 13,230 | ||||||
| Gift Aid recoverable | 3,209 | 2,998 | |||||
| 16,439 | 17,279 |
| 202 | 2020 | ||||
|---|---|---|---|---|---|
| Other creditors | 6,751 | ||||
| MOVEMENT | IN | FUNDS | |||
| Net | |||||
| movement | At | ||||
| Atl/1/21 | in funds | 31 / I 2/2 I | |||
| l | l | ||||
| Unrestricted | funds | ||||
| General fund | 464,217 | 63,517 | 527,734 | ||
| Restricted |
funds | ||||
| Restoration |
Fund | I ,068,561 | (10,478) | I ,058,083 | |
| Organ Fund | 76,51 I | I I ,2(i I | 87,7n | ||
| Parish Hall | 34, 151 | 16,366 | 50,5 17 | ||
| Tower Fund | 20, 152 | 3,653 | 23,SOS | ||
| Other Restricted |
Fund | 14,186 | (971) | 13,215 | |
| Bosses Project | 29 | 13,987 | 14,016 | ||
| I ,213,590 | 33,818 | I ,247,408 | |||
| Endowment | funds | ||||
| Restoration |
Fund | 208,600 | 208,600 | ||
| Organ Fund | 82,851 | 82,851 | |||
| Endowment |
Fund | 227,733 | 76,375 | 304,108 | |
| 519, 184 | 76,375 | 595,559 | |||
| TOTALFuNDS | 2,196,991 | 173,710 | 2,370,701 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 162,554 | (158,084) | 59,047 | 63,517 | ||
| Restricted | funds | |||||
| Restoration | Fund | 577,748 | (695,140) | 106,914 | (10,478) | |
| Organ Fund | 3,681 | 7,580 | I I ,261 | |||
| Parish Hall | 25, 148 | (12,527) | 3,745 | 16,366 | ||
| Tower Fund | I ,792 | (1,199) | 3,060 | 3,653 | ||
| Other Restricted | Fund | 2,725 | (3,696) | (971) | ||
| Bosses Project | 55,413 | (41 ,426) | 13,987 | |||
| 666,507 | (753,988) | 121 ,299 | 33,818 | |||
| Endowment | funds | |||||
| Endowment | Fund | 76,375 | 76,375 | |||
| TOTAL |
FUNDS | 829,061 | (912,072) | 256,721 | 173,710 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | |||||
| At 1/1/20 | in funds | funds | 31/12/20 | |||
| L | ||||||
| Unrestricted | funds | |||||
| General fund | 453,063 | 11,154 | 464,217 | |||
| Restricted | funds | |||||
| Restoration | Fund | 1,105,564 | 241 ,997 | (279,000) | I ,068,561 | |
| Organ Fund | 68,494 | 8,017 | 76,51 I | |||
| Parish Hall | 41 ,201 | (7,050) | 34, 151 | |||
| Tower Fund | 18,597 | 1,555 | 20, 152 | |||
| Other Restricted | Fund | II ,922 | 2,264 | 14,186 | ||
| Bosses Project | 36,086 | (315,057) | 279,000 | 29 | ||
| I ,281 ,864 | (68,274) | I ,213,590 | ||||
| Endowment | funds | |||||
| Restoration | Fund | 200,637 | 7,963 | 208,600 | ||
| Organ Fund | 83,838 | (987) | 82,851 | |||
| Endowment | Fund | 213,080 | 14,653 | 227,733 | ||
| 497,555 | 21,629 | 519, 184 | ||||
| TOTAL |
FUNDS | 2,232,482 | (35,491) | 2, 196,991 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| l | L | ||||
| Unrestricted | funds | ||||
| General fund | 155,015 | (170,419) | 26,558 | I I , 154 | |
| Restricted |
funds | ||||
| Restoration |
Fund | 301 ,466 | (112,668) | 53,199 | 241 ,997 |
| Organ Fund | 4,608 | 3,409 | 8,017 | ||
| Parish Hall | 8,901 | (17,635) | I ,684 | (7,050) | |
| Tower Fund | 885 | (700) | I ,370 | I ,555 | |
| Other Restricted Fund | 7,072 | (4,808) | 2,264 | ||
| Bosses Project | 309,957 | (625,0 14) | (315,057) | ||
| 632,889 | (760,825) | 59,662 | (68,274) | ||
| Endowment | funds | ||||
| Restoration |
Fund | 7,963 | 7,963 | ||
| Organ Fund | (987) | (987) | |||
| Endowment |
Fund | 14,653 | 14,653 | ||
| 21 ,629 | 21 ,629 | ||||
| TOT AL FUNDS |
787,904 | (931 ,244) | 107,849 | (35,491) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| INCOME |
AND ENDOWMENTS |
|||
| Donations | and legacies | |||
| Planned Giving - Gift | Aid Dona tion | 66,664 | 65,527 | |
| Gift aid | 120,768 | 125,538 | ||
| Legacies | I ,000 | |||
| Grants and | insurance | claims | 56,773 | |
| Plate collections | 13,928 | 14,433 | ||
| Donations, |
appeals etc | 534,616 | 437,274 | |
| 735,976 | 700,545 | |||
| Other trading activities |
||||
| Fundraising | 4,453 | 2,774 | ||
| Church & | Parish Hall | letting | IS,990 | 7,483 |
| Bookstall | 617 | 737 | ||
| 21 ,060 | 10,994 | |||
| Investment | income | |||
| Investment | income | 46,502 | 52,141 | |
| Charitable | activities | |||
| PCC Fees | 7,240 | 6,885 | ||
| Other income |
||||
| Other income | 18,283 | 17,339 | ||
| Total incoming resources |
829,061 | 787,904 | ||
| EXPENDITURE | ||||
| Other trading activities |
||||
| Bookstall | 296 | 266 | ||
| Fundraising | expenses | 1,737 | 4,014 | |
| 2,033 | 4,280 | |||
| Charitable | activities | |||
| Mission & | charitable |
giving | 2,708 | 5,394 |
| Carried forward | 2,708 | S,394 |
| 202 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Charitable activities |
|||||||
| Brought forward |
2,708 | 5,394 | |||||
| Parish share | 72,504 | 72,500 | |||||
| Church upkeep |
19,912 | 30,656 | |||||
| Working expenses |
of | incumbent | 17,262 | 16,135 | |||
| Vicarage | 291 | I , I 85 | |||||
| Clergy assistants |
135 | ||||||
| Minor maintenance |
& | repairs | II ,770 | IO,(i32 | |||
| Church services |
2, 199 | 2,739 | |||||
| Parish training, |
mission, | educ | ation | 8,248 | 5,273 | ||
| Major Church |
repairs | 740,358 | 746,018 | ||||
| Honoraria eg choir, |
organists | I I ,560 | I I ,453 | ||||
| Fund raising officer | 18,256 | 24,052 | |||||
| 905,068 | 926, 172 | ||||||
| Support costs |
|||||||
| Governance | costs | ||||||
| Accountancy |
and | ind | exam'n | 4,971 | 792 | ||
| Total resources | expended | 912,072 | 931 ,244 | ||||
| Net expenditure |
before |
gains and losses | (83,01 I ) | (143,340) | |||
| Realised recognised |
gains | and losses | |||||
| Realised gains/(losses) | on fixed | asset investments | 256,721 | 107,849 | |||
| Net income/(expenditure) | 173,710 | (35,491) |