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2020-12-31-accounts

Page
Trustees' report 1to 11
Independent examiner's report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16to 26

STATEMENT OF STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING FINANCIAL ACTIVITIES (INCORPORATING FINANCIAL ACTIVITIES (INCORPORATING INCOME AND INCOME AND EXPENSES ACCOUNT) EXPENSES ACCOUNT)
FOR THE YEAR ENDED 31DECEMBER 2020
Unrestricted Funds Restricted funds Endowment Total funds Unrestricted Restricted Endowment Totalfunds
2020 2020 funds 2020 2020 Funds 2019 funds 2019 funds 2019 2019
Note E E E E E E E 6
INCOME AND ENDOWMENTS
FROM:
Donations
and legacies		 466,872 77,410 544,282 428,038 42,661 470,699
charitable
activities		 14,547 14,547 59,543 2,652 62,195
Other trading activities:
Letting income 14,313 14,313 54,685 54,685
Investments 114 270 384 333 239 572
TOTAL INCOME AND
ENDOWMENTS 495,846 77,680 573,526 542,599 45,552 588,251
EXPENDITURE ON '
Costs ofraising funds:
Letting expenses 6&7 35,126 35,126 36,527 36,527
Charitable
activities		 6&7 411,524 94,525 506,049 473,947 105,671 579,618
TOTAL EXPENDITURE
446,650 94525 541175 510474 105,672 616,145
NET INCOME/
(EXPENDITURE) BEFORE
TRANSFERS 49,196 (16,845) 32,351 32,125 (60 119) (27,994)
Transfers between
Funds		 43a843 43,843 40,618) 43,618 3,000
NET INCOME/
(EXPENDITURE) BEFORE GAINS
AND LOSSES 5 353 26,998 32,351 (8,493) (16,501) (3,000) (27,994)
NET MOVEMENT IN FUNDS 5,353 26,998 32,351 (8,493) (16,501) (3,000) (27,994)
RECONCILIATION
OF FUNDS:
Total funds brought forward
(Note 17) 567,930 56,361 882 625,173 576,423 72,862 3,882 653,167
TOTAL FUNDS CARRIED
FORWARD (NOTE 17) 573,283 83,359 882 657,524 567,930 56,361 882 625173

BALANCE SHEET
AS AT31DECEMBER 2020
2020 2019
Note E 6
FIXED ASSETS
Tangible assets 12 563,826 580,218
CURRENT ASSETS
Stocks 13 964 850
Debtors 14 9,147 10,301
Cash at bank and in hand 179,401 140,898
189,512 152,049
CREDITORS: amounts falling due
within one year 15 (20,650) (26,650)
NET CURRENT ASSETS 168,862 125,399
TOTAL ASSETS LESSCURRENT LIABILITIES 732,688 705,617
CREDITORS: amounts falling due
after more than one year 16 (75,164) (80,444)
NET ASSETS 657,524 625,173
CHARITY FUNDS
Endowment
funds		 17 882 882
Restricted funds 17 83,359 56,361
Unrestricted
funds		 17 573,283 567,930
TOTAL FUNDS 657,524 625,173
The financial statements were approved by the Trustees on
and signed on their behalf, by:
III L5 L)
Rev. Craig Ryalls (Rect r)

STATEMENT OF STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2020
Note 2020
f		 2029f
Cash flows from operationg activities
Net cash provided
by operating
activities		 19 42,413 (18,483)
Cash flows from investing activities:
Interest 384 572
Purchase oftangible fixed assets (4,294) (20,475)
Net cash used in investing activities 38,503 (28,386)
Change
in cash and cash equivalents		 in the year 38,503 (28,386)
Cash and cash equivalents brought forward 140,898 269,284
Cash and cash equivalents carried forward 20 179,401 240,898

ST PAUL'S CHURCH SALISBURY ST PAUL'S CHURCH SALISBURY ST PAUL'S CHURCH SALISBURY ST PAUL'S CHURCH SALISBURY ST PAUL'S CHURCH SALISBURY
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING
POLICIES (contlnuedj
1.4 Tangible fixed assets and depreciation
A review for Impairment ofa fixed asset is carried out if events or changes
In		 circumstances indicate that the carrying value of any fixed asset may
not be recoverable.
Shortfalls between the carrying value offixed assets		 and their recoverable amounts are recognised as impairments.
Impairment
losses are recognised
in the Statement offinancial		 activities,
Tangible fixed assets are carried at cost, net ofdepreciation
and any provision		 for impairment. Depreciation Is not charged on freehold land.
Depreciation
is provided		 at rates calculated to write offthe cost offixed assets, less their estimated residual value, over their expected useful lives
on the following bases:
Fixtures and fittings
—20%straight
line
General equipment
-20%straight
line
Computer
equipment
-33%straight
line
Car park improvements
-		 10%straight
line
1.5 Interest receivable
Interest on funds held on deposit
Is included
when receivable		 and the amount can be measured reliably
by the charity;		 this is normally upon
notification ofthe interest paid or payable
by the bank.
1,6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost Includes all
direct costs and an appropriate
proportion
offixed and variable overheads.
1.7 Debtors
Trade and other debtors are recognised at the settlement
amount after		 any trade discount offered. Prepayments
are valued at the amount
prepaid
net ofany trade discounts due.
1,8 Cash at Bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity ofthree months or fess from the date of
acquisition
or opening of		 the deposit or similar account.
1,9 Liabilities and provisions
Liabilities are recognised when there is an obligation
at the Balance sheet date		 as a result of a past event, it is probable that a transfer ofeconomic
benefit will be required
in settlement,
and the amount ofthe		 settlement can be estimated reliably. Liabilities are recognised at the amount that
the charity anticipates
it will pay to settle the debt or the amount
It has		 received as advanced payments for the goods or services it must provide.
Provisions
are measured		 at the best estimate ofthe amounts required
to settle		 the obligation. Where the effect ofthe time value of money is
material, the provision
is		 based on the present value ofthose amounts, discounted
at the		 pre-tax discount rate that reflects the risks specific to the
liability. The unwinding
ofthe discount
is recognised
within
interest payable		 and similar charges.

INCOME FROM DONATIONS, INCOME FROM DONATIONS, INCOME FROM DONATIONS, INCOME FROM DONATIONS, INCOME FROM DONATIONS, LEGACIES AND GRANTS
Unrestricted Restricted Total funds Unrestricted Restricted funds Totalfunds
funds 2020 funds 2020 2020 funds 2019 2019 2019
f E E f f 6
Tax efficient general giving 290,800 275 291,075 273,165 65 273,230
Other general giving 55,190 55,190 65,099 65,099
Collections at services 3,701 3,701 15,402 15,402
Donation for Covid 19 6,085 6,08S
Gifts for mission 300 300 855 855
Gifts for building project 1,463 1,463 2,415 2,415
Gifts for CAP 23,295 23,295 21,595 21,595
Gifts for community 50 1,623 1,673 120 8,540 8,660
Grant for CAP 692 692
Grant for community 1,914 1,914
Git'ts and grants for specific purpose 36,538 36,538 70 3,640 3,710
Covld grants 51,600 960 52,560
Tax recovered - general giving 65,433 65,433 73,432 73,432
Tax recovered - other (Inc Covid 19} 98 2,098 2,336 750 400 1,150
Tax recovered - building project 140 2,719 671 671
Tax recovered - CAP 2,719 3,788 3,788
466,872 77,410 544,282 42S,038 42,661 470,699

ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES BYTYPE OF INCOME ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES BYTYPE OF INCOME ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES BYTYPE OF INCOME
Unrestricted
Restricted		 Total funds Unrestricted Restricted funds Total funds
funds 2020
funds 2020		 2020 funds 2019 2029 2029
f E f f
SP2coffee shop sales
Statutory fee received
Chlldrens
and youth work receipts
Adult work
Conferences,
events and clubs
Mini bus hire		 5,921
2,773
1,818
393
3,612
30		 5,921
2,773
1,818
393
3,612
30		 26,561
949
25,023
2,832
24,073
205		 2,652 26,561
949
17,675
2,832
24,073
105
14,547 14547 59543 2,652 62,195
LETTINGS INCOME
Unrestricted
Restricted		 Total funds Unrestricted Restricted funds Totalfunds
funds 2020
funds 2020		 2020 funds 2029 2019 2029
E E
Charity letting Income
Church, church centre and SP2		 14,313 14,313 54,685 54,685

ANALYSIS OF EXPENDI TURE
Unrestricted Restricted Total funds Unrestricted Restricted Totalfunds
Funds 2020 funds 2020 2020 funds 2029 funds 2029 2019
E E E E E f
All mission
giving and grants		 1,848 49,057 50,9 05 2,035 57,423 59,458
Church costs 409,676 45,468 44
455,1		 472,922 4B,248 520,160
Letting expenses 35,126 35 , 26
1		 36,527 36,527
446,650 94,525 541,175 520,474 205,672 626,245
CHURCH COSTS
Un-restricted Restricted Total funds Unrestricted Restricted funds Totalfunds
Funds 2020 Fund 2020 2020 Funds 2019 2029 2029
E E E
Safe Haven 3,159 3,159 7,658 7,658
CAP expenses 197 36,065 36,262 1,494 21,270 22,764
SP2 Cafg cost ofsales 4,561 4,561 22,735 22,735
Parish share 95,200 95,200 95,366 95,366
Staff costs (note 6 and 11) 222,420 222,420 217,842 26,280 244,222
Community
ministry		 and outreach 2,251 2,251 5,862 5,862
Youth work 1.123 1.123 27,340 2,836 20,276
Children's
work		 2,250 2,250 3,358 3,358
Adult ministry
and courses		 205 205 3,872 3,872
Conferences
and events and clubs		 6,318 138 6,456 7,934 8,002
Staff expenses and training 8,438 8,438 29,206 29,206
Church services 4,840 4,840 6,440 6,440
Insurance 4,833 4IS33 7,498 7,498
Administration 11,900 11,900 22,452 236 22,5BB
Repairs and maintenance 13,492 13,492 27,126 27,226
Mini bus expenses 1,225 1,225 1,330 2,330
Utilities and rates 7,258 7,258 6,709 6,709
Depreclaton 20,686 20,686 22,299 22,299
Professional
fees		 2,700 2,700 3,160 3,260
Covid 19expenses 2,030 3,855 5,885
409,676 45,46S 455,144 472,922 48,248 520,260
Un-restricted Restricted Total funds Unrestricted Restricted funds Totalfunds
Funds 2020 Fund 2020 2020 Funds 2029 2029 2029
E E E E E
Centre letting expenses 35,126 35,126 36,527 36,527

MISSION GIVING AND GRANTS - EXPENDITURE
Un restricted Restricted Total funds Un restricted Restricted funds Totalfunds
funds 2020 Funds 2020 2020 funds 2019 2029 2029
E f E E
Mission allocated
giving
Donations
outwards		 1,848 46,691
2,366		 46,691
4,214		 1,235 49,802 49,S02
2,235
Grants 800 7,621 8,422
1,848 49,057 50,905 2,035 57,423 59,458

alysisofstaff costs
2020 2029
E E
Salaries and wages
Social security costs
Pension costs
Related expenses		 217,967
12,336
12,695
1,976		 238,782
24,365
14,289
2,887
244,974 269,322
12. TANGIBLE FIXEDASSETS
Freehold Minibus Fixtures and Equipment Car park Total
property fittings improvements
E E f E E
Cost
At 1January 2020 525,000 1,000 160,567 51,216 42,581 780,364
Additions 2,078 2,216 4,294
At 31December 2020 525,000 1,000 162,645 53,432 42,581 784,658
Depreciation
At 1January 2020 200 127,536 49,689 22,721 200,146
Charge for the year 200 14,422 1,806 4,258 20,686
At 31December 2020 400 141,958 51,495 26,979 220,832
Net book value
At 31December 2020 525,000 600 20,687 1,937 15,602 563,826
At 31December 2019 525,000 800 33,031 1,527 19,860 580,218
13. Stocks
2020 2029
E E
Goods for resale 964 850
14. DEBTORS
2020 2029
f E
Prepayments and accrued income 5I414 7,593
Tax recoverable 3.733 2,708
9I147 20,301

17.
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1 income Expenditure Transfers Balance at31
January 2020 In/out December 2020
f E
Unrestricted
funds
General
Funds
—all funds		 567,930 495,846 (446,650) (43,843) 573,283
Endowment
funds
Endowment
funds		 882 882
Restricted
funds
Mission
Fund
Community
Fund
CAP Centre Fund		 6,447
878
26,978		 300
12,362
25,713		 (46,691)
(8,116)
(36,065)		 43,843 3,899
5,124
16,626
Building Project (ETT)
Safe Haven Fund
Grants for specific purposes
Youth Overseas
Mission		 9,956
8,078
2,359
1,665
56,361		 2,148
26,563
10,594
77,680		 (3,159)
(494)
(94,525)		 43,843 12,104
31,482
12,459
1,665
83,359
Total offunds 625,173 573,526 (541,175) 657,524
ST PAUL'S CHURCH SALISBURY
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31DECEMBER 2020
General
Fund
—this is the main fund ofthe PCC and there is no restriction
on its use.
Church Acre Trust - Endowment
Fund
—These are funds that belong to the Church Acre Charity.
This charity (established
circa 1790)holds freehold
land on which houses have been built, and
as a consequence,
a small ground
rent Is payable
by each occupant. Periodically
a freehod		 is
sold and the proceeds added to the capital held by the Trust. The terms of the Trust require
that the income (l.e.deposit Interest and ground
rents) can be used for Church repairs.
Mission
Fund
—this fund receives a tithe of12.5N ofvoluntary
income (excluding
Gift Aid tax
recovery) together with gifts for specified mission beneficiaries. The detailed allocation of
the total of non-specified
gifts is recommended
by the Mission Support Committee
and
approved
by the PCC.
Community
Fund - Funds received to meet specific needs ofthose who our community
pastor		 is supporting.
CAP centre fund - This restricted
fund Is to support
the operation ofthe Salisbury
CAP Debt
Centre which
is hosted
by StPaul's on behalf ofchurches
across Salisbury.
All donations
to		 the
centre are maintained
within this fund which
is used to cover staff costs and operational
expenses.
Building fund - This fund was established
to support the church's
buildings.
Safe Haven
Fund
—This fund was established
to support the church's work with those who		 have
suffered from abuse or traumatic
experiences.
Grants for Specific Purposes
-This fund is used to ensure that money received as grants		 for specified purposes in one
financial year and not expended
until the following year are kept separately
from Church's		 general funds,
Youth Overseas Mission - This fund contains
funds raised to support
Youth overseas mission
that was not expended
on the expedition
to Goa. They will be retained
In a restricted
fund to
support
a planned
tuture expedition.

STATEMENTOF FUNDS - PRIOR YEAR
Balance ot1
/anuary 2019 Balance ot31
E income
E		 Expenditure
f		 Transfers
f		 December 2019
E
Unrestricted funds
General Funds - allfunds 576,423 542,599 (510,474) (40,618) 567,930
Endowment funds
Endowment
funds		 3,882 (3,000) 882
Restricted funds
Mission Fund 11,878 755 (49,804) 43,618 6,447
Community
Fund
CAP Centre Fund		 878
38,302		 26,140 (37,464) 878
26,978
Building Project (ETT)
Sofe Haven Fund		 6,631
7,196		 3,325
8,540		 (7,658) 9,956
8,078
Grants forspecific purposes
Youth Overseas Mission		 6,000
1,977		 4,246
2,546		 (7,887)
(2,858)		 2,359
1,665
72,862 45,552 (105,671) 43,618 56,361
Total offunds 653,167 588,151 (616,145) 625,173
18.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS -CURRENT YEAR
Unrestricted Restricted Endowment Total funds
Funds 2020 funds 2020 funds 2020 2020
E f E
Tangible fixed assets
Current assets		 563,826
105,271		 83,359 882 563,826
189,512
Creditors due within one year (20,650) (20,650)
Creditors due in more than one year (75,164) (75,164)
573,283 83,359 882 657,524
ANALYSIS OFNETASSETS BETMIEEN FUNDS —PRIOR YEAR
Unrestricted Restricted Endowment Totalfunds
Funds 2019 funds 2019f funds 2019
E		 E
2019
Tangible fixed assets
Current assets		 580,218
94,806		 56,361 882 580,218
152,049
Creditors due within one year (26,650) (26,650)
Creditors due in more than one year (80,444) (80,444)
Difference
567,930 56,361 882 625,173
ANALYSIS OF NET ASSETS BETW EEN FUNDS - CURRENT YEAR
2020 2019
f E
Net (expenditure)/income
for the year (as per Statement of Financial
Activities) 32,351 (27,994)
Adjustment
for:
Depreciation
charges		 20,686 22,299
Interest (384) (572)
(increase)/decrease In stocks (114) 114
(Increase)/decrease In debtors 1,154 (2,207)
Increase/(decrease) in creditors (11,280) (10,123)
Net cash provided by operating activities 42,413 (18,483
20.
ANAYLYSIS		 OF CASH AND CASH EQUIVALENTS 2020 2019
f E
Cash In hand 179&401 140,898
Total 179,401 140,898
21.
RELATED PARTY TRANSACTIONS