##
##
|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.||
##