## ## |||||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|||||