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|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||||
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##
||||||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|
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|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|
##
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##
||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.||
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##
|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|
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