#
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|Directors|Directors||Ms J.W. Barr||||
|---|---|---|---|---|---|---|
||||Mr W.l. Buchanan
(until 23 January|2020)|||
||||Dr H.J.Finlayson||||
||||Mr J.C.G. Forrest (until 31 December 2020)||||
||||Revd. D. Grosch-Miller||||
||||DrA. Hamnett
(until 30September|2020)|||
||||Revd. A.P. Haws
(until 28 May 2020)||||
||||Ms C. Hogg||||
||||Mr J.C. Kennedy
(until 22 June 2021)||||
||||Mr P.B.Matthew||||
||||Ms J.R. Tomlin||||
||||Mr G.l. Wanless (5April 2020 onwards)||||
||||Mr W. Duncan
(1 January 2021 onwards)||||
|Convenor|||Revd. D. Grosch-Miller||||
|Treasurer|||Mr G.l. Wanless||||
|Secretary|||Mr W. Duncan
(1 October 2020 onwards)||||
||||DrA. Hamnett
(until 30September|2020)|||
|Trust officer|||Mr A. Atkinson||||
|Finance|officer||Ms H.E. Hogg||||
|Charity|number||1132154||||
|Company||number|134549||||
|Registered||office|4 College Lane, Newcastle
upon Tyne,||NE1 8JJ||
|Auditor|||RMTAccountants
8 BusinessAdvisors||Ltd||
||||Gosforth
Park Avenue,
Newcastle|upon|Tyne, NE12 8EG||
|Bankers|||Bank of Scotland Pic||||
||||PO Box 1000, BX2 1LB||||
||||Lloyds Bank pic||||
||||PO Box 1000, BX1 1LT||||
|Legal advisors|||Womble
Bond Dickinson
(UK) LLP||||
||||StAnn's Wharf, 112Quayside,
Newcastle|||upon Tyne, NE1 3DX|
||||Sintons LLP||||
||||The Cube, Barrack Road, Newcastle
upon|||Tyne, NE4 6DB|
|Investment||managers|CCLA investment
Management
Limited||||
||||Senator House, 85 Queen Victoria|Street,||London, EC4V4ET|
|Property|consultants||Sanderson
Weatherall
LLP||||
||||Central Square South, Orchard Street,||Newcastle
upon Tyne, NE1 3AZ||
##
||||Page|
|---|---|---|---|
|Directors'|report||1-8|
|Independent
auditor's||report|9-11|
|Statement|offinancial|activities|12 - 13|
|Balance sheet|||14|
|Statement|ofcash flows||15|
|Notes to|the financial|statements|16-38|
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|Current financial year|Current financial year|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||funds|funds|funds|||
||||||2020|2020|2020|2020|2019|
|||||Notes|F|F|F|F|F|
|Income and endowments|||from:|||||||
|Donations
and legacies||||3|88|||88|78,075|
|Investments||||4|291,997|57,441||349,438|358,752|
|Other income||||5|1,138,243|23,279||1,161,522|935,921|
|Total income|||||1,430,328|80,720||1,511,048|1,372,748|
|Expenditure
on:||||||||||
|Charitable
activities||||6|695,572|100,645||796,217|1,250,168|
|Other expenditure||||12||42,656|21,422|64,078|70,805|
|Total resources expended|||||695,572|143,301|21,422|860,295|1,320,973|
|Net gains/(losses)|on investments|||11|543,360|129,222||672,582|1,659,669|
|Net incoming/(outgoing)|||resources|||||||
|before transfers|||||1,278,116|66,641|(21,422)|1,323,335|1,711,444|
|Gross transfers
between||funds|||(472,309)|472,309||||
|Net movement
in|funds||||805,807|538,950|(21,422)|1,323,335|1,711,444|
|Fund balances at 1 January|||2020||10,242,295|1,832,338|200,000|12,274,633|10,563,189|
|Fund balances at|31 December|||||||||
|2020|||||11,048,102|2,371,288|178,578|13,597,968|12,274,633|
##
##
|Prior financial year||||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|funds||
|||||2019|2019|2019|2019|
||||Notes|F||E|F|
|Income and endowments||from:||||||
|Donations
and legacies||||68,854|9,221||78,075|
|Investments||||309,589|49,163||358,752|
|Other income||||908,182|27,739||935,921|
|Total income||||1,286,625|86,123||1,372,748|
|Expenditure
on:||||||||
|Charitable
activities|||6|1,192,091|58,077||1,250,168|
|Other expenditure|||12||70,805||70,805|
|Total resources expended||||1,192,091|128,882||1,320,973|
|Net gains/(losses)
on investments||||1,382,242|277,427||1,659,669|
|Net incoming/(outgoing)||resources before||||||
|transfers||||1,476,776|234,668||1,711,444|
|Gross transfers
between|funds|||(100)|100|||
|Net movement
in funds||||1,476,676|234,768||1,711,444|
|Fund balances at 1 January||2019||8,765,619|1,597,570|200,000|10,563,189|
|Fund balances at 31 December 2019||||10,242,295|1,832,338|200,000|12,274,633|
##
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##
||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Notes|||E|
|Fixed assets||||||||
|Tangible assets||||13||1,088,390|1,109,506|
|Investment
properties||||15||155,000|155,000|
|Investments||||14|10,799,716||10,045,475|
||||||12,043,106||11,309,981|
|Current assets||||||||
|Debtors falling due|after one year|||18|24,000||27,001|
|Debtors falling due|within||one year|18|67,732||29,010|
|Investments||||16|1,236,353||889,000|
|Cash at bank and|in|hand|||632,644||387,655|
||||||1,960,729||1,332,666|
|Creditors: amounts||falling due within||||||
|one year||||19|(28,204)||(31,975)|
|Net current assets||||||1,932,525|1,300,691|
|Total assets less|current liabilities||||13,975,631||12,610,672|
|Provisions
for liabilities||||20||(377,663)|(336,039)|
|Net assets|||||13,597,968||12,274,633|
|Capital funds||||||||
|Endowment
funds||||||178,578|200,000|
|Income funds||||||||
|Restricted funds||||22||2,371,288|1,832,338|
|Unrestricted
funds|||||11,048,102||10,242,295|
||||||13,597,968||12,274,633|
|The financial
statements|||were approved|by the Directors on ~."...4uRust.||?O2."||
|D.Grosch-Miller|||||G.l.Wanless|||
|Trustee|||||Trustee|||
##
##
##
||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Notes||||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations||||27||(761,447)|(1,004,938)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets||||(79,230)||(334,911)|
|Proceeds|on disposal oftangible||fixed|||||
|assets|||||35,806|||
|Purchase|of investments||||(100,000)|||
|Proceeds|on disposal of investments||||800,422||1,030,000|
|Investment|income received||||349,438||358,752|
|Net cash|generated
from investing|||||||
|activities||||||1,006,436|1,053,841|
|Net cash|used in financing|activities||||||
|Net increase
in cash and cash|||equivalents|||244,989|48,903|
|Cash and|cash equivalents|at beginning||ofyear||387,655|338,752|
|Cash and|cash equivalents|at end of||year||632,644|387,655|
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||||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds||
||||2020|2019|2019|2019|
||||||E||
|Donations|and gifts|||68,799|9,221|78,020|
|Legacies receivable|||88|55||55|
||||88|68,854|9,221|78,075|
|Donations||and gifts|||||
|Contributions||from local churches||67,779||67,779|
|M8 M contributions|||||9,221|9,221|
|Other||||1,020||1,020|
|||||68,799|9,221|78,020|
##
##
##
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2020|2020||2019|2019|2019|
||E|E|||||
|Rental income|15,000||15,000|15,000||15,000|
|income from listed|||||||
|investments|276,921|57,428|334,349|294,454|49,152|343,606|
|Interest receivable|76|13|89|135|11|146|
||291,997|57,441|349,438|309,589|49,163|358,752|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
||||f|E|f||f|f|
|Properties|held|for sale|1,111,353||1,111,353|889,000|23,582|912,582|
|Other income|||11,364|279|11,643|850|250|1,100|
|Rental income|||15,526||15,526|18,332||18,332|
|Grant received||||2,000|2,000||||
|Monies received||from|||||||
|investors||||21,000|21,000||3,907|3,907|
||||1,138,243|23,279|1,161,522|908,182|27,739|935,921|
##
##
##
##
|||||Discipleship|Nlission|Partnership|Property|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||2020f|2020
f.|2020f|2020
f|||
|Direct activities||||3,760|6,163|54,745|148,514|213,182|453,780|
|Grant funding
(see note 7)||of activities||5,142|57,871|39,337|112,306|214,656|471,530|
|Share of
(see note|support costs
8)|||119,113|51,346|112,913|78,817|362,189|318,649|
|Share of|governance||costs|||||||
|(see note|8)|||1,350|1,275|1,894|1,671|6,190|6,209|
|||||129,365|116,655|208,889|341,308|796,217|1,250,168|
|Analysis|by|fund||||||||
|Unrestricted||funds||129,013|116,655|163,506|286,398|695,572|1,192,091|
|Restricted|funds|||352||45,383|54,910|100,645|. 58,077|
|||||129,365|116,655|208,889|341,308|796,217|1,250,168|
|For the year|ended|31December 2019||||||
|---|---|---|---|---|---|---|---|
||||Discipleship|Mission|Partnership|Property|Total|
||||||||2019f|
|Direct activities|||10,126|13,020|215,961|214,673|453,780|
|Grant funding|of activities (see note 7)||8,249|210,955|9,533|242,793|471,530|
|Share of support costs (see note 8)|||103,950|42,781|104,805|67,113|318,649|
|Share ofgovernance||costs (see note 8)|1,552|1,552|1,552|1,553|6,209|
||||123,877|268,308|331,851|526,132|1,250,168|
|Analysis
by|fund|||||||
|Unrestricted|funds||122,949|268,308|315,973|484,861|1,192,091|
|Restricted
funds|||928||15,878|41,271|58,077|
||||123,877|268,308|331,851|526,132|1,250,168|
##
##
##
|Grants payable||||||||
|---|---|---|---|---|---|---|---|
|||Discipleship|Mission|Partnership|Property|Total|Total|
|||2020|2020|2020|2020|2020|2019|
||||E|||E|E|
|Grants to institutions:||||||||
|St Cuthbert's
Centre,|Holy Island||50,000||62,500|112,500||
|Horsley
URC|||||26,978|26,978||
|Roker URC|||9,000||16,679|25,679|10,000|
|Bellingham
URC||||14,903||14,903||
|Falstone
& Kielder Church||||13,357||13,357||
|Newcastle
City Centre||||||||
|Chaplaincy|||10,000|||10,000||
|Gateshead
Group|||||5,700|5,700||
|Connect Network
Sunderland|||5,000|||5,000|5,000|
|Renew NE|||5,000|||5,000||
|Crookham
URC||||3,400||3,400|3,400|
|Wark LEP||||3,217||3,217||
|StAndrew's
Church,|Crook||2,000|1,000||3,000||
|Denewell Avenue
URC|||||2,246|2,246||
|Jesmond
URC|||1,746|||1,746||
|Trinity Church, Ashington|||||1,000|1,000||
|Ponteland
URC and Wideopen||||||||
|URC|||850|||850||
|Northallerton
URC|||667|||667|35,258|
|Rothbury
URC|||||||100,000|
|Stocldon Road URC|||||||67,500|
|St George's URC, Hartlepool|||||||46,000|
|Sunderland
and Boldon||||||||
|Partnership|||||||34,802|
|Wooler URC|||||||30,000|
|Faith in the Community|||||||30,000|
|Grindon
Mission Project|||||||29,917|
|Berwick URC|||||||26,841|
|St George's URC, High Heaton|||||||15,830|
|St Marks URC, Amble|||||||7,550|
|StJames's URC, Newcastle|||||||6,375|
|Christ Church,
Stanley|||||||6,200|
|Diocese of Newcastle|||||||6,000|
|StAndrew' s, Blackhill|||||||4,920|
|Heaton Churches
Together|||||||1,500|
|StAndrew's
Dawson|Street,|||||||
|Crook LEP|||||||1,000|
|West Denton
URC|||||||800|
|Less grants
no longer|required||(26,392)||(2,797)|(29,189)|(17,384)|
|Minor institutional
grants||768||26||794||
|Other|||||||14,397|
|||768|57,871|35,903|112,306|206,848|465,906|
|Grants to individuals||4,374||3,434||7,808|5,624|
|||5,142|57,871|39,337|112,306|214,656|471,530|
##
##
|For the year ended 3|1 Decemb|er 2019||||||
|---|---|---|---|---|---|---|---|
|||Discipleship|Mission|Partnership||Property|Total|
|||2019|2019||2019|2019|2019|
|||||||F|E|
|Rothbury
URC||||||100,000|100,000|
|Stockton Road URC||||||67,500|67,500|
|St George's URC, Hartlepool|||34,000|||12,000|46,000|
|Northallerton
URC||||||35,258|35,258|
|Sunderland
and Boldon||||||||
|Partnership|||34,802||||34,802|
|Wooler URC|||30,000||||30,000|
|Faith in the Community|||30,000||||30,000|
|Grindon
Mission Project|||29,917||||29,917|
|Berwick URC|||26,841||||26,841|
|StGeorge's URC, High Heaton|||3,550|||12,280|15,830|
|Roker URC|||10,000||||10,000|
|St Marks URC, Amble|||50|||7,500|7,550|
|St James's
URC, Newcastle||||||6,375|6,375|
|Christ Church,
Stanley||||||6,200|6,200|
|Diocese of Newcastle|||6,000||||6,000|
|Connect Network
Sunderland|||5,000||||5,000|
|StAndrew' s, Blackhill|||||4,920||4,920|
|Crookham
URC|||||3,400||3,400|
|Heaton Churches
Together|||1,500||||1,500|
|StAndrew's
Dawson|Street,|||||||
|Crook LEP|||||1,000||1,000|
|West Denton
URC|||800||||800|
|Less grants
no longer|required||(1,505)||(11,559)|(4,320)|(17,384)|
|Other||3,502|||10,895||14,397|
|||3,502|210,955||8,656|242,793|465,906|
|Grants to individuals|(0 grants)|4,747|||877||5,624|
|||8,249|210,955||9,533|242,793|471,530|
##
##
##
##
|Support costs|||||||
|---|---|---|---|---|---|---|
||Support|Governance|2020|Support|Governance|2019|
||costs|costs||costs|costs||
||f.|E|f|E|||
|Staff costs|261,657||261,657|241,236||241,236|
|Depreciation|24,421||24,421|3,366||3,366|
|Office & executive|69,397||69,397|59,459||59,459|
|Office staff costs|3,642||3,642|4,939||4,939|
|Resource staff costs|3,072||3,072|9,649||9,649|
|Audit fees||6,000|6,000||6,000|6,000|
|Sundry expenses||190|190||209|209|
||362,189|6,190|368,379|318,649|6,209|324,858|
|Analysed
between|||||||
|Charitable
activities|362,189|6,190|368,379|318,649|6,209|324,858|
##
|Basis ofallocation||||
|---|---|---|---|
||Office &|Office|Resource|
||executive|staff|staff|
|||0/|0/|
|Discipleship|25|17|76|
|Mission|25|14|3|
|Partnership|25|39|21|
|Property|25|30||
||100|100|100|
##
##
##
##
##
##
|||2020|2019|
|---|---|---|---|
|||Number|Number|
|Head count||12|11|
|Full-time
equivalent||7|6|
|Employment|costs|2020|2019|
|Wages and salaries||190,700|181,709|
|Social security|costs|16,267|15,460|
|Other pension|costs|59,053|54,361|
|Apprenticeship|levy|918|883|
|||266,938|252,413|
|Net gains/(l|oss|es)
on inve|stments||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
|||||f.|E||E||
|Revaluation|of|investments|543,360|129,222|672,582|1,382,242|277,427|1,659,669|
##
##
##
##
||||||Restricted|Endowment|Total|Restricted|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds||funds|
||||||2020|2020|2020|2019|
||Net loss on|disposal oftangible||fixed assets||21,422|21,422||
||Monies paid|to investors|||42,656||42,656|70,805|
||||||42,656|21422|64,078|70,805|
|13|Tangible fixed assets||||||||
|||||Freehold|Fixtures|Loans|Property|Total|
|||||land and|and fittings|improvements|||
|||||buildings|||||
||Cost||||||||
||At 1 January|2020||762,450|45,781|286,489|130,238|1,224,958|
||Additions||||3,434||75,796|79,230|
||Disposals|||||(60,506)||(60,506)|
||At 31 December 2020|||762,450|49,215|225,983|206,034|1,243,682|
||Depreciation|and impairment|||||||
||At 1 January|2020||74,329|41,123|||115,452|
||Depreciation|charged|in the year|15,420|3,817||20,603|39,840|
||At 31 December 2020|||89,749|44,940||20,603|155,292|
||Carrying
amount||||||||
||At 31 December 2020|||672,701|4,275|225,983|185,431|1,088,390|
||At 31 December 2019|||688,121|4,658|286,489|130,238|1,109,506|
##
##
##
##
|Fixed as|set investments||||
|---|---|---|---|---|
|||Common|Traidcraft|Total|
|||investment|Investment||
|||fund|||
|||F|F||
|Cost or|valuation||||
|At 1 January 2020||10,043,969|1,506|10,045,475|
|Additions||114,803||114,803|
|Valuation|changes|639,438||639,438|
|At 31 December 2020||10,798,210|1,506|10,799,716|
|Carrying|amount||||
|At 31 December 2020||10,798,210|1,506|10,799,716|
|At 31 December 2019||10,043,969|1,506|10,045,475|
##
|Investment
property||
|---|---|
||2020|
|Fair value||
|At 1 January 2020 and 31 December 2020|155,000|
##
|16|Current|a|sset invest|ments||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||F|F|
||Assets held for sale|||||' 1,236,353|889,000|
|17|Financial||instruments|||2020|2019|
|||||||E||
||Carrying|amount of||financial assets||||
||Instruments||measured|at fair value through|profit or loss|1,236,353|889,000|
##
##
##
|18|Debtors|||||
|---|---|---|---|---|---|
|||||2020|2019|
||Amounts
falling due||within one year:||F|
||Other debtors|||42,577|19,857|
||Prepayments|and accrued income||25,155|9,153|
|||||67,732|29,010|
|||||2020|2019|
||Amounts
falling due||after more than one year:|||
||Other debtors|||24,000|27,001|
||Total debtors|||91,732|56,011|
|19|Creditors: amounts||falling due within one year|||
|||||2020|2019|
||Other creditors|||6,469|9,490|
||Accruais and deferred||income|21,735|22,485|
|||||28,204|31,975|
##
##
##
|20|Provisions for liabilities|Provisions for liabilities|2020|2019|
|---|---|---|---|---|
||Grant provisions||377,663|336,039|
||Movements
on provisions:||||
|||||Grant|
|||||provisions|
||At 1 January 2020|||336,039|
||Additional
provisions|in the year||243,844|
||Reversal ofprovision|||(29,189)|
||Utilisation
ofprovision|||(173,031)|
||At 31 December 2020|||377,663|
##
##
|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Transfers Revaluations,||Balance at 31|
|||January|resources|expended||gains and|December|
|||2020||||losses|2020|
|||||E|E|E||
|General|fund|962,889|300,397|(411,957)|20,423|43,352|915,104|
|General|reserve|2,360,036||(27,140)||134,362|2,467,257|
|Property|valuations|932,225||(15,420)||(10,506)|906,299|
|Manse fund||4,178,210|291,392|(34,751)|(470,331)|261,799|4,226,319|
|Property|fund|586,043|837,487|(142,426)|(53,062)|30,401|1,258,443|
|Mission|fund|1,109,430||(51,879)|127,760|77,624|1,262,934|
|Dr Brand legacy||19,767|1,053|(10,000)||925|11,745|
|Synod Way Forward||||||||
|Fund||93,695||(2,000)|(97,099)|5,404||
|||10,242,295|1,430,329|(695,574)|(472,309)|543,360|11,048,102|
|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Transfers Revaluations,||Balance at 31|
|||January|resources|expended||gains and|December|
|||2019
E|||E|losses
F|2019f|
|General|fund|809,770|376,272|(394,029)|42,406|128,470|962,889|
|General|reserve|2,003,645||(9,576)||365,967|2,360,036|
|Property|valuations|975,145||(15,420)|(27,500)||932,225|
|Manse fund||3,180,512|656,692|(12,350)|(202,500)|555,856|4,178,210|
|Property|fund|480,957|252,641|(373,389)|123,736|102,098|586,043|
|Mission fund||1,055,123||(221,463)|63,758|212,012|1,109,430|
|Ministers'|pension|163,402||(163,402)||||
|Dr Brand|legacy|15,696|1,020|||3,051|19,767|
|Synod Way Forward||||||||
|Fund||81,369||(2,462)||14,788|93,695|
|||8,765,619|1,286,625|(1,192,091)|(100)|1,382,242|10,242,295|
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|Current finan|cial ye|ar||||||
|---|---|---|---|---|---|---|---|
|||||Movement|in funds|||
|||Balance at 1|Incoming|Resources|Transfers Revaluations,||Balance at 31|
|||January
2020|resources|expended||gains and
losses|December
2020|
||||||f,|P|E|
|Dales fund||41,893||||2,469|44,362|
|Ministry
& mission||||||||
|fund||137,180||(38,856)|1,960|6,584|106,868|
|Moderator' s||||||||
|benevolent
fund||7,465||(3,434)|||4,031|
|Mozambique
partnership
fund||15,602|498||(300)|933|16,733|
|Mozambique|project|||||||
|fund||491|45||300|31|867|
|Northumberland||||||||
|project fund||3,660||||216|3,876|
|Student's
fund||9,091||(352)||515|9,254|
|Pulpit supply|fund|5||(25)|20|||
|Trust capital|funds|849,775|34,147|(54,911)|470,329|75,981|1,375,321|
|Church funds||732,477|43,780|(42,656)||42,493|776,094|
|Northernly
Synod||||||||
|listening
and|rec|||||||
|fund||34,449||(2,567)|||31,882|
|Charity Collections||||||||
|fund||250|250|(500)||||
|Safeguarding|fund||2,000||||2,000|
|||1,832,338|80,720|(143,301)|472,309|129,222|2,371,288|
##
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|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Transfers|Revaluations,|Balance at 31|
|||January|resources|expended||gains and|December|
|||2019||||losses|2019|
|Dales fund||35,298||||6,595|41,893|
|Ministry
8 mission||||||||
|fund||103,721|9,221|1,948||22,290|137,180|
|Moderator' s||||||||
|benevolent
fund||8,342||(877)|||7,465|
|Mozambique||||||||
|partnership|fund|14,802|518|(2,396)||2,678|15,602|
|Mozambique|project|||||||
|fund||660|20|(300)|||491|
|Northumberland||||||||
|project fund||3,084||||576|3,660|
|Student's
fund||8,502||(928)||1,517|9,091|
|Pulpit supply|fund|361||(456)|100||5|
|Trust capital|funds|727,554|48,922|(52,582)||125,881|849,775|
|Church funds||657,440|27,192|(69,934)||117,779|732,477|
|Northernly
Synod||||||||
|listening
and|rec|||||||
|fund||37,806||(3,357)|||34,449|
|Charity Collections||||||||
|Fund|||250|500|||750|
|||1,597,570|86,123|(128,882)|100|277,427|1,832,338|
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|Current fin|ancial year|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowed|Total|
|||2020|2020|2020|2020|
|||E||E|f|
|Fund balances at 31 December 2020 are||||||
|represented|by:|||||
|Tangible assets||938,390||150,000|1,088,390|
|Investment|properties|155,000|||155,000|
|Investments||8,445,765|2,353,951||10,799,716|
|Current
assets/(liabilities)||1,875,430|28,517|28,578|1,932,525|
|Provisions||(366,483)|(11,180)||(377,663)|
|||11,048,102|2,371,288|178,578|13,597,968|
##
|Prior financ|ial year|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowed|Total|
|||2019|2019|2019|2019|
|Fund balances at 31 December 2019are||||||
|represented|by:|||||
|Tangible assets||909,506||200,000|1,109,506|
|Investment|properties|155,000|||155,000|
|Investments||8,245,237|1,800,238||10,045,475|
|Current
assets/(liabilities)||1,268,591|32,100||1,300,691|
|Provisions||(336,039)|||(336,039)|
|||10,242,295|1,832,338|200,000|12,274,633|
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||2020|2019|
|---|---|---|
|Within one year|15,000|15,000|
|Between two and five years|45,000|60,000|
||60,000|75,000|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|27|Cash generated
from|operatio|ns||||2020|2019|
||||||||F||
||Surplus for the year||||||1,323,335|1,711,444|
||Adjustments
for:||||||||
||Investment
income recognised||in statement||offinancial|activities|(349,438)|(358,752)|
||Loss on disposal oftangible
fixed assets||||||21,422||
||Gift of property||||||(1,111,353)|(889,000)|
||Investment
fee rebate|reinvested|||||(14,803)|(14,767)|
||Fair value gains and losses on||investments||||(672,582)|(1,659,669)|
||Depreciation
and impairment
oftangible|||fixed assets|||39,840|18,786|
||Movements
in working|capital:|||||||
||(Increase)
in debtors||||||(35,721)|(5,633)|
||(Decrease)/increase
in|creditors|||||(3,771)|7,666|
||Increase
in provisions||||||41,624|184,987|
||Cash absorbed
by operations||||||(761,447)|(1,004,938)|
|28|Analysis ofchanges|in net funds|||||||
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