2021-12-31-accounts

Page
	Trustees annual report
10	Statement offinancial activities
	Balance sheet
12	Notes to the accounts
21	Report ofthe independent	examiner

Website:	www. stdunstansmayfield. org.uk
	In Vacancy until November 9'",2021
Incumbent:	From November 10'",2021:Fr. Michael Asquith
	The Vicarage High Street, Mayfield	TN20 6BE
Independent	Vincent Blake, The Old Farmhouse.	Town Row green,
examiner:	Rotherfield TN6 3QU
Bankers:	National Westminster Bank pic 89	Mount Street, Tunbridge
	Wells TN1 1QJ

		Unrestricted	Restricted			Endowed		Total Funds		Total Funds
		Fund	~Fund s			~Fund s		2021		2020		Notes
						E	'	f
Income and endowments	from:
Donations		111,463	25,350					136,813		180,009
Charitable activities		4,737	8,240					12,977		7,005
Other trading activities		14,078	455	'				14,533		8,370
investment income		924	1,531					2,455		5,086
Other receipts
Total income		131,202	35,576					166,778		200,470
Expenditure on:
Raising funds			569					569		208
Charitable activities		117,726	19,856					137,582		147,071
Other trading activities		6,349						6,349		6,203
Major repairs to church spire, clock and		26,835	11,718					38,553		67,160
churchyard path.
Total expenditure		150,910	32,143					183,053		220,642
Net realised gains (or losses) on			751					751	, '	(18,844):		gb
investments
Net income or (net expenditure)		(19,708)	4,184					(15,524)		(39,016)	'
Transfers between funds
Other recognised gains/(losses):
Gains on revaluation of investments		58,117	16,558					74,675		74,570		gb
Net movement in funds		38,409	,'20,742					59,151		35,554
Total funds brought forward		1,044,055	165,082			30,000		1,239,137		1,203,583
Total funds carried forward		1,082,464	185824		'			1,298,288		1,239,137

ur financial pos	ition and	su	mmary offunds at the year	end were
				Total Funds	Total Funds
				2021	2020		Notes
Tangible assets				254,822	255,445	'	Sa
Heritage assets
Endowment investments				30,000	30,000		8b
Total fixed assets				2&4,822	285,445
Debtors				7,881	11,794		10
Investments				888,616	&13,190		8b
Cash and deposits at bank and		in	hand	118579	130,298
Creditors: Amounts	falling due	within one year		(1,610)	(1,590)
Net current assets	or (liabilities)			1,013,466	953,692
Total net assets or	(liabilities)			1,298,288	1,239,137
The Funds ofthe Charity
Endowment funds					30,000
Restricted income	funds			140,286	10&,157
Restricted income	revaluation	reserve		45,538	56,925		Sb
Total Restricted income Funds				185824	165,082
Unrestricted funds				863,067	831,424
Unrestricted Funds	Revaluation		Reserve	219,397	212,631		8b
Total Unrestricted	Funds			1,082,464	1,044,055
Total charity funds				1+98,288	1,239,137		9,12

their expected useful lives.	The rates
Land	Nil
Buildings	Nil
Fixtures and fittings	20%
Audio visual equipment	33%
Office equipment	20%
Heaters in London House	10%

2Analysis ofincome	and end	owments
						Total
		Unrestricted	Restricted	Endowed	Total Funds	Funds
		Fund	~Fund s	~Fund s	2021	2020
		f			f	f
Planned giving (excl.tax refunds)		30,743			30,743	33,477
Planned giving (no tax refunds}		24,267			24,267	6,363
Loose cash collections		5,774			5,774	5,886
Donations and Special appeals		5,144	13,010		18,154	38,491
Gift Aid recoverable		10,721	1,690		12,411	10,785
Appeal for PCC charities						11,075
Legacies		6,120			6,120	5,250
Grants		28,694	9,846		38,540	68,682
Donations and legacies		f111,463	f25,350		f136,813	f180,009
Charitable activities: Feesfor weddings, funerals etc		f4,737	f8,240		f12,977	f7,005
Christmas bazaar &others		745	455		1,200	1,484
Organ concert income		1,869			1,869
Sales ofthe parish magazine and	cards etc	103			103	522
Magazine advertisement fees						616
Rent from long term let London	House	5,000			5,000	5,000
Rent from hourly lets London House		433			433	748
Hire ofchurch for concerts etc		2,090			2,090
Events for Charities		3,838			3,838
Other trading activities		f14p078	f455		f14,533	f8,370
Bank &CBFdeposit interest		47			47	656
Dividends		877	1,531		2,408	4,430
Financial income		f924	f1,531		f2,455	f5,086
Total income and endowments	on all funds	f131,202	E35,576		f166,778	f200,470
Ofthe grants received, f3,318was received under the Listed Places ofWorship scheme created by HMG to provide grants in respect ofthe VAT paid on qualifying expenditure on the fabric ofListed places ofworship, andf2,866was
received under the terms ofthe	Coronavirus	job Retention Scheme from HMG.

				Unrestricted	Restricted	Endowed	Total Funds	Total Funds
				Fund	~Fund s	~Fund s	2021	2020
									Note
Special appeals costs					569		569	208
Stewardship costs
Other fundraising costs
Cost ofraising funds					569		569	208
Charitable grants and	donations			1,152	1,252		2,404	8,149
Administration costs				11,369	245		11,614	11,789
Diocesan parish share				66,890			66,890	81,148
Clergy and other people's expenses				700	1,952		2,652	632
Vicarage costs				9,714			9,714	2,025
Organists costs				8,900	500		9,400	8,625
Upkeep ofservices				1,667	4,138		5,805	2,890
Church running costs				4,975			4,975	5,504
Youth work				513			513
Church maintenance	and repair and		insurance	8,556	2,729		11,285	14,568
Upkeep ofchurchyard				2,000	9,040		11,040	10,500
Bank charges				107			107	78
Depreciation				623			623	623	8a
Governance				560				540
Cost ofcharitable activities				117,726	19,856		137,582	147,071
Christmas bazaar costs				217			217	161
License costs for events				110			110	298
London house running		costs		5,998			5,998	5,031
Parish magazine costs				24			24	713
Cost ofother Trading	activities			6,349			6,349	6,203
Expenditure on fabric-		major repairs/	renewal	26,835	11,718		38,553	67,160
Total expended before		prior year items		150,910	32,143		183,053	220,642

		Unrestricted	Restricted	Endowed	Total Funds	Total Funds
		Fund	~Fund s	~Fund s	2021	2020
Overseas:
Christian Aid			189		189
Friends Of	the Holyland		264		264	2,250
Australian	Fire Fund					516
Home:
RIBA			347		347
Family Support Work			223		223	2,511
Flower Guild						13
Hospice in	the Weald		94		94
Handbell Ringers						250
Mayfacs			135		135
PCC Sldley		1,152			1,152
Bellringers	donation for church bellropes					1,360
Total		1,152	1,252			8,149
5Staff	costs
		Unrestricted	Restricted	Endowed	2021	202
		Fund	Funds	Funds	Total Funds	Total Fund
Remuneration
Wages and	salaries	19,230			19,23	19,02
Employer social security costs		21			21
Employer pension costs
Total		19,251			19,251	19,10

		Unrestricted	Restricted	Endowed	Total Funds	Total Funds
		Funds	~Fund s	~Fund s	2021	2020
Independent	examination					540

) Tangible fixed assets
	Freehold	land and		Heaters		Total fixed
		a~nd buildin	s	London house	~EIII IIICht	Assets
Cost orvaluation			f	f	f	f
At 1January 2021		250,000		1,649	4,58$	256,232
Charge for depreciation
At 1January 2021				$30	457	787
				165		623
Depreciation charge in year
At 31December 2021				495	915	1,410
Net book amounts
At31December 2021		250,000		1p154		254.822
At 1January 2021		250,000		1,319	4,126	255,445

) Investments
				Unrestricted		Restricted	Endowment		Total
				Fund	f	Fund	Fund f		f
Market value 31December 2020					665,763	147,427		30,000	843,190
ofwhich cost					453,132	90,502		30,000	573,634
and revaluation	reserve				212,631	56,925			269,556
Disposals at value in year						(7,000)			(7,000)
ofwhich cost						(4,860)			(4,860)
Net gains/losses	realised	in year				(751)			(751)
Net gains/losses	realised	from previous years				(1,389)			(1,389)
Purchases in year at cost					7,000				7,000
Revaluation gains in year					58,117	16,558			74,675
Market value 31December 2021					730,880	157,736		30,000	918,616
ofwhich cost					460,132	85,642		30,000	575,774
and revaluation	reserve				270,748	72,094			342,842
During the year,	the basis	ofthe	revaluation	reserve hos been reexamined and recalculated, as a			result	ofwhich the year end
figures for cost	and revaluation		reserve contained in the 2021balance		sheet have	been amended	to:-.
Of which cost					511,483	112,198		30,000	653,681
and revaluation reserve					219,397	45,538			264,935

Net	assets by fund
		Unrestricted	Restricted	Endowed	Total Funds	Total Funds
		Funds	~Fund s	~Fund s	2021	2020
Fixed assets for church use		254+22			254+22	255,445
Investments		730,880	157,736		918,616	843,190
Current	assets (except cash)	6,191	1,690		7,881	11,794
Cash at	bank and on deposit	92,181	26,398		118,579	130,298
Current	liabilities	(1,610)			(1,610)	(1,590)
		1,082,464	185,824	30,000	1,298,288	j1,239,137

10Debtors
						Unrestricted	Restricted	Endowed		Total	Funds	Total	Funds
						Funds	~Fund s	~Fund	s		2021		2020
						f	f				E		E
Income tax recoverable						2,119	1,690				3,809		2,326
Loan made to handbell Ringers						250							250
Grant for 2020 Churchyard maintenance													5,396
Chichester Diocese Chancel insurance			grant			3,822					3,822		3,822
						6,191	1,690				7+81		11,794
Following a legalreview, investments		previously		shown		in the balance sheet by the chancel		endowment	fund	were transferred		to the
Diocese in 2019.The accrued dividends		were	shown		as cash with the Diocese. As a result ofthe legal review,					dividend	income will no
longer be receivable but the amount	received by			the	Diocese will be paid tothe PCC by the			Diocese by way of a restricted grant. All
accrued grant is receivable by the PCCto reimburse					itfor covering the costofinsurance ofthe Chancel and will be paid to the PCC..
11Creditors
						Unrestricted	Restricted	Endowed		Total Funds		Total Funds
Due within 12months						Funds	~Fund s	~Fund	s		2021		202
Deferred income- grant for 2020
Accruals for utilities and governance						560							540
Deposit held re long term lease of London House.						1,050					1,050		1,050
						E1,590					E1,610		E1,590

uired for this year un endent examination	uired for this year un endent examination	der section 144ofthe Charities Act 2011("the is needed.
lt is my responsibility		to:
1.	examine the	accounts under section 145ofthe Charities
	Act;
2.	to follow the	procedures laid down in the general Directions
	given by the the Charities	Charity Commission (under section 145(5)(b)of Act; and
3.	to state whether particular matters have come to my attention.