| Contents | Pacle | |
|---|---|---|
| Annual Report |
1-7 | |
| Statement of the PCC's |
Responsibilities | |
| Independent Examnier's |
Report | |
| Statement of Financial |
Activities | 10 |
| Balance Sheet | ||
| Statement of cash flows |
'l2 | |
| Notes to the Accounts | 13-20 |
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | Funds | Funds | 2019 | ||||
| Note | 2 | 2 | 2 | 2 | 2 | ||||
| Income and endowments | 1(a) | ||||||||
| Income from | 3(a) | ||||||||
| Donations and legacies |
(i) | 352,477 | 60,565 | 413,042 | 507,128 | 149,520 | 656,648 | ||
| Coronavirus Job Retention |
Grant from HMRC | (ii) | 31,626 | 31,626 | |||||
| Other trading activities: fundraising |
trading | (iii) | 129,129 | 129,129 | 128,424 | 128,424 | |||
| Investments | (iv) | 156,870 | 156,870 | 231,353 | 231,353 | ||||
| Charitable activities |
3(b) | 7,549 | 7,549 | 39,907 | 39,907 | ||||
| Total Income | 677651 | 60565 | 738216 | 906,812 | 149,520 | 1 056332 | |||
| Expenditure | 1(b) | ||||||||
| Costs of raising funds | 4(a) | 39,918 | 7,460 | 47,378 | 56,382 | 9,523 | 65,905 | ||
| Expenditure on charitable |
activities | 4(b) | 540,135 | 173,054 | 713,189 | 492,316 | 578,157 | 1,070,473 | |
| Total Expenditure | 580053 | 180514 | 760567 | 548 698 | 587680 | 1 136378 | |||
| Net incomel(expenditure) funds before gains and |
and net movement in losses on investments |
97,598 | (119,949) | (22,351) | 358,114 | (438,160) | (80,046) | ||
| Other recognised gains((losses): |
|||||||||
| Gains/(losses) on investments |
(21,225) | (21,225) | 83,809 | 83,809 | |||||
| Net movement in funds |
76,373 | (119,949) | (43,576) | 441,923 | (438,160) | 3,763 | |||
| Reconciliation of funds |
|||||||||
| Total funds brought forward |
1,760,960 | 164,544 | 1 925504 | 1,319,037 | 602.704 | 1,921,741 | |||
| Total funds carried forward | 1,837,333 | 44,595 | 1 881 928 | 1,760,960 | 164,544 | 1,925,504 |
| BALANCE SHEET AS AT 31 DECEMBER 2020 | Total Funds | Total Funds | |
|---|---|---|---|
| 2020 | 2019 | ||
| Note | 2 | 2 | |
| Fixed assets: | |||
| Tangible assets | l(c) &8 | 1,154,729 | 1,180,472 |
| Investments | 9 | 631,208 | 696,705 |
| Total Fixed Assets | 1,785,937 | 1,877,177 | |
| Current assets: | |||
| Stocks | 10 | 640 | 640 |
| Debtors | 11 | 15,201 | 29,718 |
| Cash at bank and in hand | 156,033 | 91,910 | |
| Total Current Assets | 171,874 | 122,268 | |
| Liabilities: | |||
| Creditors falling due within one year |
12 | 25,883 | 73,941 |
| Net current assets | 145,991 | 48,327 | |
| Total assets less current liabilities | 1,931,928 | 1,925,504 | |
| Creditors falling due atter on year |
(50,000) | ||
| Total assets less long term liabilities | 1,881,928 | 1,925,504 | |
| The funds of the charity: | |||
| Unrestricted income funds |
1(f) | 1,837,333 | 1,760,960 |
| Restricted income funds |
18 | 44,595 | 164,544 |
| 1,881,928 | 1,925,504 |
| 2020 | 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 2 | f | 2 | 2 | ||||||
| Net cash | provided by (used in) operating |
activities | 17 | (185,975) | (269,101) | |||||
| Cash flows from investing activities |
||||||||||
| Proceeds | from sale of investments | 44,272 | 1,988 | |||||||
| Dividends, | interest and rents from investments |
156,870 | 231,353 | |||||||
| Purchase | of property, plant and equipment |
(1,044) | (21,798) | |||||||
| Net cash | provided by (used in) investing |
activities | 200,098 | 211,543 | ||||||
| Cash inf | lowe from new borrowing (NstWest Loan) |
50,000 | ||||||||
| Change | in cash and cash equivalents in |
the reporting | period | 64,123 | (57,558) | |||||
| Cash and | cash equivalents at the beginning |
of the reporting | period | 91,910 | 149,469 | |||||
| Cash and | cash equivalents at the end of |
the reporting | period | 156,033 | 91,911 |
| FOR | THE YEAR ENDED 31 DECE | THE YEAR ENDED 31 DECE | MBE | R | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3. | INCOMING RESOURCES | Unrestncled | Restricted | Unrestricted | Restricted | ||||||||
| Funds | Funds | Total Funds | Funds | Funds | Total Funds | ||||||||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||||||||
| 3(a) | Income from | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| (I) | Donations and legacies |
||||||||||||
| Regular gk ing | 199.570 | 199.570 | 232,108 | 232,108 | |||||||||
| Cogeclions lrom services | 3,219 | 3,218 | 18.109 | 18,108 | |||||||||
| Gig Ad recovered on regular |
giving | and restricted | fund gwing | 43,507 | 10,480 | 53,987 | 46.770 | 13,890 | 60,660 | ||||
| Donations and appeals |
106,182 | 106,182 | 210,142 | 210,142 | |||||||||
| Other voluntary income |
50,085 | 50,085 | 135,630 | 135,630 | |||||||||
| 352,477 | 60,565 | 413042 | 507,128 | 149,520 | 656.648 | ||||||||
| (0) | Coronavlrus Job Retention |
Grant | from HMRC | 31,626 | 31.626 | ||||||||
| (iii) | Activities for Generating | Funds: | Fundrslslng | Trading | |||||||||
| Hire ol St Mark's Church | 120,212 | 120,212 | I | 17,624 | 117,624 | ||||||||
| Rent of gals at 255(gd Marylebone | Road | 8917 | 8,917 | 10800 | 10800 | ||||||||
| 129,129 | 129,129 | 128,424 | 128,424 | ||||||||||
| (iv) | Inveslment Income |
||||||||||||
| Inveslmenl Income |
17,961 | 17,961 | 22,799 | 22,799 | |||||||||
| Hire ol St Mary's Church |
131,297 | 131,297 | 208,269 | 208,269 | |||||||||
| Interest from investments | 6 | bank | interest | 108 | 108 | 285 | 285 | ||||||
| Realised Prolil/Loss on investment |
7,504 | 7.504 | |||||||||||
| 156.870 | 156870 | 231 353 | 231353 | ||||||||||
| 3(b) | Income from Charitable | Aclivity | |||||||||||
| Bookshap | 64 | 64 | 410 | 410 | |||||||||
| EPlncome | 70 | ||||||||||||
| Caie | 2,479 | 2,479 | 11,884 | 11,884 | |||||||||
| Life Course | 3,059 | 3,059 | 10,890 | 10,890 | |||||||||
| Church societe, Church Weekend | and church fess | 283 | 283 | 2,468 | 2,468 | ||||||||
| Clsldren, Youth 6Students |
Departments | 1.215 | 1,215 | 7,361 | 7,361 | ||||||||
| Dare lc Dale | |||||||||||||
| New Wine Income | 100 | 100 | |||||||||||
| New Wine Ministry | 74 | 74 | 465 | 465 | |||||||||
| Pastoral Income | 252 | 252 | |||||||||||
| Oul There Income | 180 | 180 | 6,069 | 6,069 | |||||||||
| Other Miscellaneous income |
125 | 125 | 8 | 8 | |||||||||
| 7.549 | 7,549 | 39,907 | 39,907 | ||||||||||
| TOTAL INCOMING RESOURCES | 677,651 | 60,565 | 738,216 | 906,812 | 149,520 | 1,056,332 |
| THE PAROCHIAL H R H |
THE PAROCHIAL H R H |
N | IL OF | T MARY BRYANSTON SOUARE WITH | T MARY BRYANSTON SOUARE WITH | T MARY BRYANSTON SOUARE WITH | T MARY BRYANSTON SOUARE WITH | Pago 16 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL | STATEMENTS | (CONTINUED) | ||||||||||||||||
| FOR | THE YEAR ENDED 31 | DECEMBER 2020 | ||||||||||||||||
| 4. | TOTAL RESOURCES | EXPENDED | Unrestricted | Reslricled | Unrestricted | Restricted | ||||||||||||
| Funds | Funds Total Funds |
Funds | Funds | Totsl Furrds | ||||||||||||||
| 2020 | 2020 | 2020 | 2019 | 20'I | 9 | 2019 | ||||||||||||
| 6 | 2 | 6 | 6 | 2 | 2 | |||||||||||||
| 4(a) | Costs of Generaling | Funds | ||||||||||||||||
| Costs of Fundraising | Trading | |||||||||||||||||
| Stag salaries | 32,295 | 7.460 | 39.755 | 21,944 | 7,308 | 29,252 | ||||||||||||
| Venue operating casts |
1.732 | 1,732 | 1,222 | 1,222 | 2,444 | |||||||||||||
| Inveslmenl management |
lees | 1.776 | 1,776 | 994 | gg3 | 1,987 | ||||||||||||
| St Mary's venue mre oaat | 4.115 | 4,115 | 32,222 | 32,222 | ||||||||||||||
| 39BI& | 7 | 460 | 47378 | 56,382 | 9523 | 65905 | ||||||||||||
| 4(b) | Costs of Chantsble Acdvgy |
|||||||||||||||||
| Costs direcdy allocated | to Activity | |||||||||||||||||
| Grants | 18,114 | 18,114 | 63,645 | 26,905 | 90,550 | |||||||||||||
| Grants - Fegowsmp fund |
28 | 644 | 28,644 | 17,750 | 17.750 | |||||||||||||
| Grants ~ LA Plant |
10,666 | 12,862 | 23328 | |||||||||||||||
| Grants ~ One og restiicled |
fund | 8 | 648 | 8.648 | 22,314 | 22.314 | ||||||||||||
| St Mary's - Homeless |
meal expense | 501 | 501 | 1,002 | 2,476 | 2.475 | 4.951 | |||||||||||
| Diocese quota | 1013XO | 101000 | 49,250 | 49.250 | 98.500 | |||||||||||||
| Staff satanas | 241,138 | 80.380 | 321,518 | 161,414 | 161,413 | 322,827 | ||||||||||||
| Clergy expenses | 11.437 | 11,437 | 4,717 | 4,716 | 9.433 | |||||||||||||
| Assistant clergy housing |
24,374 | 24 374 | 10,262 | 10,262 | 20.524 | |||||||||||||
| Assistant clergy stipend |
39,900 | 39.900 | 19.550 | 19,550 | 39.100 | |||||||||||||
| Book Shop | 100 | 100 | 255 | 255 | 510 | |||||||||||||
| Caki | 2,585 | I | 724 | 4,309 | 12,117 | 12,117 | 24,234 | |||||||||||
| Lde Course | 3,402 | 3 | 170 | 6.572 | 15,388 | 15,388 | 30.776 | |||||||||||
| Other courses & Pastoral | department | costs | 368 | 368 | 736 | 474 | 473 | 947 | ||||||||||
| Dare to Date | 27 | 28 | 55 | |||||||||||||||
| Out There | ISKlg | 1.002 | 9,852 | 9.852 | ||||||||||||||
| Children, Youth &Students Departments |
2307 | 2 | 306 | 4,613 | 8,347 | 8,346 | 16.693 | |||||||||||
| Service &worship costs | 4.503 | 4.503 | 9.006 | 9,428 | 9,429 | I8857 | ||||||||||||
| Leaders' Retreat cost | 7,122 | 7.M2 | ||||||||||||||||
| LA Church Plant expense |
123 | 123 | ||||||||||||||||
| The Centre expense | 302 | 302 | 23,857 | 23857 | ||||||||||||||
| The Centre Stall Salaries | 66.295 | 66,295 | ||||||||||||||||
| One og restncted lund |
expense | 1.695 | 1,695 | 3,075 | 3.075 | |||||||||||||
| Fnends ol Sl Mary's | 4,037 | 4.037 | ||||||||||||||||
| Conference | 185 | 185 | 150 | 150 | ||||||||||||||
| New Wine | 1,115 | 1,115 | 1,567 | 1,566 | 3.133 | |||||||||||||
| New Wine Minislry | 207 | 207 | 269 | 269 | 538 | |||||||||||||
| Other Church activities | including | slag | events, church soaals | 2,063 | 1,065 | 3.128 | 3010 | 3011 | 6021 | |||||||||
| 454 301 | 133 | 306 | 587607 | 394 023 | 471 729 | 865752 | ||||||||||||
| Supporl coals - 4(c) | 79,227 | 39 | 748 | 118,975 | 94,193 | 102,328 | 196,521 | |||||||||||
| Governance costs -4 | (d) | 6607 | 6607 | 4,100 | 4 100 | 8200 | ||||||||||||
| Total cost of chantable | actwilies | 540 135 | 173 | 054 | 713189 | 492316 | 578 157 | I 070 473 | ||||||||||
| TOTAL RESOURCES | EXPENDED | 580053 | 180 | 514 | 760 567 | 548.698 | 587,680 | 1,136378 | ||||||||||
| 4(c) | Support costs |
|||||||||||||||||
| Bank charges | 1,639 | 1.639 | 983 | 983 | 1,966 | |||||||||||||
| Bank charges - OMHT | Account | 24 | 24 | 24 | 24 | |||||||||||||
| Professional fees Non-governance |
784 | 766 | 766 | |||||||||||||||
| St Mary's School hail rent | I 200 | 1.200 | 2,400 | 2,400 | 4,800 | |||||||||||||
| 255 Old Marylebone Road |
2,023 | 2,023 | 1,301 | 1,301 | ||||||||||||||
| St Marks operating cost | 203 | 203 | I 210 | 1,210 | ||||||||||||||
| Depreaalion | 7,890 | 18 | 897 | 26.787 | 9,863 | 19,412 | 29,275 | |||||||||||
| Church maintenance | 13,339 | 13.339 | 40,635 | 40,635 | ||||||||||||||
| Ogice maintenance | 1.374 | 1,374 | 2095 | 2,095 | ||||||||||||||
| Church Nnrung experises |
23,527 | 19 | 250 | 42,777 | 39.546 | 39.547 | 79,093 | |||||||||||
| Office running expense |
28.825 | 28 825 | 35356 | 35356 | ||||||||||||||
| 79227 | 39 | 748 | 118975 | 94,193 | 102328 | 196521 | ||||||||||||
| 4(dl | Governance costs | |||||||||||||||||
| Protessional fees |
6,607 | 6.607 | 4,100 | 4.100 | 8,200 | |||||||||||||
| 6,607 | 6607 | 4,100 | 4,100 | 8,200 | ||||||||||||||
| Slag costs are agocaled lo charitable | activities on Ihe basis ol lime aaocation | vxlhin Ihe | accounting penod |
The | Common | Fund spent vslhin | Ihe padish | Is apponioned | 5050 | |||||||||
| between the reslricled | OMH Tlund and | unrest ncted lund | unlit Ihe point al wmch | the OMHT lund has been lugy expended. |