2021-12-31-accounts

Bankers and	investment	Advisers	Charities Aid Foundation	Charities Aid Foundation	Bank Ltd
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			Kent
			ME194TA
			The Central Board of Finance ofthe Church			of England
			Senator House
			85Queen Victoria Street
			London
			EC4V4ET
			The St.Albans Diocesan		Board of Finance
			Holywell Lodge
			41 Holywell Hill
			St.Albans
			Herffordshire
			AL1 1HE
Independent	Examiners		Moore Kingston	Smith LLP
			4Victoria Square
			St.Albans
			Herffordshire
			AL1 3TF

					Fumfs MI21	Fumfs MI21						Funda 2020	Funda 2020
			Oenamf	Omdgnmed		Rmdnmed			Tafal	Senora)		Snalgneted	Reelrletad	Total
		Notes	FUllds	Funda		FUllda			Fund ~	FUUUU		FUrrrls	Funils	FUnds
			8	8			8		8	8		5	4	8
INCOME AND ENOOINMENTS:
Donatmns end lsgeees		2(a)	99,243		4,961			188	103,412	60,152				60,610
Charitable activities		2(b)	268,000						288,040	304,000				304,0DD
Other TreCing ecUvities		2(c)	111,739		e,252				Me,eef	82,59D		4 351		86,941
Investments		2(d)	219		11,573				11,792		504	18876		19,380
Total			47 201		24 806			188	503195	44F	246	2 886		471'131
EXFENOITURE ON:
Chantable actnaUes		3(a)	396954		10206		134	460	641,520	326,717		2,529	83,554	412,600
Otner		3(b)	3095				10	632	13,727	3	635		23,638	27,273
Total			4D0,049		10206		145	092	555 347	330	352	2529	107 192	440 073
Net Income before galnsglosses)			78,152		146tm		(144,904)		(52,152)	116,894		21,356	(107,192)	31058
Slit gebtsfgesses) oh Iflvmthtr4m4		8			90545							34,00e		34 008
Net Income/(espendlture)			78102		IIM 14S		'144		383RI	I '18		59384	107 192
Transfers between funds			(145,092)				145,D92			(107,192)			107,192
Net Movement In Funds			940		'105 145			'160	93	9	702	55364		65 D66
ReoonNgatlon ofFunds
Total funds broiight fonsard		10	706 598	2 449901			5000		31st 4ee	896	696	2 394537	5000	3096 433
Total funds carried fonvard		10	639.858	2.555046			5188		Iee geg	7D6	598	2,449,901	5.000	3.161.499
The statement offmancial	acUvities	iildudes ao gains and losses recognised			In Ihs year and		all income and expenditure			denve from conlinuing		activities.

				Note	2021 f	2021 f	2020 f	2020 f
Fixed Assets:
Tangible fixed assets				5		1,955,323		1,972,156
Investments				6		665,889		565,921
			Total fixed assets			2,621,212		2,538,077
Current Assets:
Debtors				7	33,446		35,660
Short term	deposits				317,889		250,073
Cash at bank					271,813		402,862
			Tolal current assets			623,148		688,615
Liabilities;
Creditors	Amounts	falling due with one		8		(44,488)		(65,193)
year
			Nel current assets			578,680		623,422
	Total assels		less total liabilities			, 99883		31 1,499
The funds	ofthe charity:
Restricted	funds			10		5,188		5,000
General funds				10		639,658		706,598
Designated	funds			10		973,046		867,901
Revaluation	reserve			10		1,582,000		1,582,000
		Total charity funds				3,199892		3 161499

			2021	2020
			6
Cash flows from operating activities
Net (Expenditure)/ income for the year			38,393	65,066
Adjustments for:
Depreciation oftangible fixed assets			16,833	16,833
(Gains)/losses on investments			(90,545)	(34,008)
Dividends, interest and rents from investments			(11,792)	(19,380)
Decrease/ (increase) in debtors			2,214	13,116
(Decrease)/ increase in creditors Net cash (used in) / generated by operating		activities	~20,725 (65,622)	14,914 56,541
Cash flows from investing activities
Dividends, mterest and rents from investments Proceeds from the sale of investments Net cash from investing activities			11,792 ~9,424 2,388	19,380 ~15910 3,470
Change in cash and cash equivalents	in the	year	(63.254)	60,011
Cash and cash equivalents at beginning	of year		652,955	592,944
Cash and cash equivalents at end of	year		589701	652,955
Cash and cash equivalents
Short term deposits			317,889	250,073
Cash at bank			271,813	402,882
			589,702	652,955

2	INCOME AND ENDOWMENTS:	INCOME AND ENDOWMENTS:	2021f	2020f
2(a)	Donations and legacies
	Planned giving:
	Covenants and gift aid		33,446	34,103
	Income tax recoverable		9,575	9,321
	Collections at services		16,891	6,432
	Other donations		2,988	4,954
	Legacies		40,512	6,000
			103,412	60,810
2(b)	Charitable activities
	Church Lands Charitable	Trust	268,000	304,000
			268,000	304,000
2(c)	Other Trading activities
	Church Hall Lettings		89,709	59,524
	Fees and other donations		13,560	10,682
	Other income		16,722	16,735
			119,991	86,941
Other	income off16,722 includes	f16,021 (2020 f16,039) relating to reclaimed VAT

2(d)	Investments	Investments
	Dividends	and interest	11,792	19,380
Total	Income and	Endowments	503,195	471,131

3	EXPENDITURE:				2021f	2020f
3(a)	Expenditure on	charitable activities
	Grants Issued:
	Missionary and charitable			giving:
	Secular charities				11,859	8,586
	Ministry:
	Pansh & Pastoral	Expenses			98,649	105,545
	Clergy expenses				31,379	25,252
	Church running	expenses:
	Events &Projects
	Friends ofSt Peter' s				470	314
	Funerals 5,Weddings				4,933	2,530
	Depreciation				16,833	16,833
	Children &Youth				666	645
	Bellringers				200	200
	Raising funds costs				212	97
	Fabric				28,035	23,962
	Hall and other lettings				93,764	24,985
	Staff costs (Note	4)			75,283	75,800
	Insurance				6,720	6,646
	Music				22,276	18,312
	Ministry outreach	&social			978	277
	Office expenses				12,526	14,862
	Worship				2,626	4,400
	Project expenditure				134,210	83,554
					541,620	412,800
	Included within grants		issued are
	The Living	Room			3,000	4,000
	Rennie Grove		Hospice Care		4,473	1,895
					7,473	5,895
3(b)	Other
	Independent examination				3,060	3,600
	Legal and professional		costs		10,667	23,673
					13,727	27,273
Total	Expenditure				555,347	440,073

4	Staff costs				2021f	2026 6
	Wages and	salaries			53,672	52,117
	Soaal security costs				12,898	13,630
	Pension				6,363	6,788
	Other Staff	costs			2,350	3,265
					75,283	75,800
					2021	2020
					IIO.	IIo.
	The average	monthly	number of staff during	the year was as follows:
	Employees

Fixed assets for use by the P	CC	CC
	Freehold land			Church Organ,
	and buildmgs		Office	Grand Piano
	at	revaluation f	Equipment	8 Sculpture 6	Total
Cost
At 1 January 2021		1,582,000	585	629,361	2,211,946
At 31 December 2021		1,582,000	585	629,361	2,211,946
Depreciation
At 1 January 2D21			585	239,205	239,790
Charge for the year				16,833	16,833
At 31 December 2021			585	256,038	256,623
Net Book Value
At 31 December 2021		1,582,000		373,323	1,955,323
At 31 December 2020		1,582,000		390,156	1,972,156

	Investments represent securities	Investments represent securities	Investments represent securities	with the Central	Board of Finance	at market value at	the year end.
						2021	2020
						6	f
	Market Value as at 1 January					565,921	516,003
	Reahsed Gains and Dividends		Received			9,423	15,910
	Unrealised Gains/(Losses)					90,545	34,008
	Market Value as at 31 December					665,889	565,921
	Material Investments
	more than 5% of the market
					Holding	Market Value
					No.	0
	CBFShares - Hall Fund				4,491	107,896
	CBFShares - Fabric Fund				19,710	473,534
	BDD Shares - Church/Vic	Repair		Fund	3342	78 158
7	Debtors
	Other debtors and prepayments					33,446	35,660
8	Liabilities: Amounts falling due			within one year
	Other creditors and accruals					30,505	51,861
	Deferred income					13,963	13,332
						44,468	65193
	Deferred income movement
	Brought forward					13,332	12,582
	Released during the year Recognised during the year					(2,832) 3,463	(2,082) ~2832
	Carried forward					13,963	13,332

At the year end the charity was committed to making operating leases	the following payments under non-c	ancellable
	2021	2020
		0
Operating leases which expire
Due within one year	1,267	374
Between two and five years	4,401

10	Statement	ofFunds
																Unrealised
								Investment			Incoming		Resources			gain sf
							Balance	Income			Resources		expended		Transfem	(lossesl	Balance
							01/0112021										31M2I2021
	Designated	Funds					6										5
	Current Account Reserve Fund						114,251		2,054								116,305
	Legacies and Conation			Fund			124,442			65							124,507
	Music Fund	(Oyer Fund)					10,eos			6							ID,812
	Chancel Fund						1,800			52						ZD6	2,058
	St Peter's Institute Building				Fund		92,D04		1,370							14,522	107,896
	Fabnc Fund	(Investmeni)					403,785		6,014							64,357	474,156
	Church snd	Vicarage	Repair Fund				68,333		1 986							7,839	78 158
	Other						2,48D			26	13,233		(10,206)			3,621	9,154
	Towards Reordering		Project				50,0DD										50,000
							867,901		11,573		13,233		(10,206)			90,545	973,046
	Revaluation	Reserve					1,582,000										1,582,0DD
	Restricted	funds
	Churchyard	garden					5,000										5,000
	Project Expenditure												(145092)		145,092
	Bishop's Harvest Appeal											168					188
	Other
							5,0DD					188	(145,D92)		145,092		5,188
	GeneralFunds						706,598		219		477,982		(400,049)		(145,092)		639,658
							3,161,499		11,792		491	4D3	(555,347)			90,545	3,199,892
	)he PCC has set awde income					m	certain designated	funds,	but	this is available		for the	general	purpose	ofthe PCC if	required.

11	Analysis	ofnet assets	between funds	between funds
			Designated	Revaluation	Restricted	General	2921	2020
			Funds	Reserve	Funds	Funds	Total	Total
	Tangible	fixed assets		1,582,000		373,323	1,955,323	1,972,156
	Investments		665,889				665,889	565,921
	Current	assets	307,157		5,000	310,991	623,148	688,615
	Creditors one year	due within				68	68	~68.688
	Total		973046	1 582,000	5,000	639,846	3,199892	3,161,499