| ~ ~ | |||||||
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| Report to the trusteesi | StJames's Church Enfield Highway Parochial Church Council |
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| members | of | ||||||
| On accounts for the year | 31"December 2021 Charity no 1132582 |
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| ended | (ifany) | ||||||
| Setout | on pages | 1 to 6 | |||||
| I report to the trustees on my examination ofthe accounts ofthe above charity ("the Trust")for the year ended 31"December 2020. |
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| Responsibilities | and | As the charity's trustees, you are responsible for the preparation ofthe |
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| basis of | report | accounts in accordance with the requirements ofthe Charities Act 2011 |
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| ("the Act"). | |||||||
| I report in respect of my examination of the Trust's accounts carried |
out | ||||||
| under section 145ofthe 2011 Act and in carrying out my examination, |
I | ||||||
| have followed all the applicable Directions given by the Charity Commission |
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| under section 145(5)(b)ofthe Act. | |||||||
| Independent | [ | ||||||
| examiner's | statement | ||||||
| ]].Delete [ ]ifnot applicable. | |||||||
| I have completed my examination. I confirm that no material matters |
have | ||||||
| come to my attention in connection with the examination (ether4ee4het |
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| diselesed-belew *)which gives me cause to believe that in, any material |
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| respect; | |||||||
| ~ the accounting records were not kept in accordance with section |
130 | ||||||
| ofthe Charities Act; or | |||||||
| ~ the accounts did not accord with the accounting records; or |
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| ~ the accounts did not comply with the applicable requirements |
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| concerning the form and content ofaccounts set out in the Charities |
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| (Accounts and Reports) Regulations 2008 other than any requirement |
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| that the accounts give a 'true and fair' view which is not a matter |
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| considered as part ofan independent examination. |
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| I have no concerns and have come across no other matters in connection |
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| with the examination to which attention should be drawn in this report |
in | ||||||
| order to enable a proper understanding ofthe accounts to be reached. |
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| *Please delete the words in the brackets ifthey do not apply. | |||||||
| Signed: | Date: /3 —+ |
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| Name: | Mrs Maureen Jeffery |
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| Relevant professional | |||||||
| qualification(s) | or body | ||||||
| (ifany): | |||||||
| Oct 2018 |
| STJAMES CHURCH | STJAMES CHURCH | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Notes | Funds | Funds | 2021 | 2020 | ||
| Incomin Resources |
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| Incoming resources from | donors | 1a | E53,630.07 | f672.65 | E54,302.72 | szoss.z4 |
| Income from other activities | 1b | f9,500.00 | f12,551.22 | E22,051.22 | 19940.85 | |
| Total Incoming Resources | E63130.07 | 613223.07 | E76953.94 | |||
| Less: Resources Used | ||||||
| Activities directly relating | to the | |||||
| work ofthe Church | 2a | f52,467.48 | f129.32 | E52,596.80 | sszsz.zs | |
| Missionary Grants |
2b | EO.OO | f2,272.65 | E2,272.65 | sszs.sz | |
| Church Management &Administration |
2c | E14,754.50 | f6,778.00 | E21,532.50 | 19496.67 | |
| Total Resources Used | E67 221.98 | 49 179.97 | E76401.94 | |||
| Net Incoming Resources StJames | E4 091.91. | E4043.90 | 46043 | .9425.64 | ||
| Income from investment | &deposits | 1c | f788.91 | E14,577.83 | E15,366.74 | 1949199 |
| ST BARNABAS | HALL | |||||
| Total Incoming Resources - St Barnabas | 1&I | E20,455.00 | EO.OO | E20,455.00 | 13676.00 | |
| Less: Resources Used | ||||||
| Total Resources Used - | St Barnabas | 2d | E5,446.16 | EO.OO | E5,446.16 | 6996.50 |
| Net Incoming Resources St Barnabas | 41500684 | 60 00 | E.1~006.34 | 4477.SO | ||
| Income from investment | &deposits | 1e | f4,803.33 | f0.00 | f4,803.33 | 4749.94 |
| NET INCOMING RESOURCES istJames est aamaaas) |
E16509.17 | 610621.73 | E~5130.90 | 17596.59 |
| FIXEDASSETS St Barnabas Insurance Value CURRENT ASSET StJames Trust Fund & Investment Shares 4/5 |
FIXEDASSETS St Barnabas Insurance Value CURRENT ASSET StJames Trust Fund & Investment Shares 4/5 |
FIXEDASSETS St Barnabas Insurance Value CURRENT ASSET StJames Trust Fund & Investment Shares 4/5 |
FIXEDASSETS St Barnabas Insurance Value CURRENT ASSET StJames Trust Fund & Investment Shares 4/5 |
FIXEDASSETS St Barnabas Insurance Value CURRENT ASSET StJames Trust Fund & Investment Shares 4/5 |
E315851.DD | E315,851.00 | f309,970.00 | 309970.00 |
|---|---|---|---|---|---|---|---|---|
| Cash in CBFInvestment Fund-St James Trust Fund |
f34,388.65 | E27,899.51 | ||||||
| StJames Trust Investment | accounts | E225 ODD.DO | E223MO.M | |||||
| E259,388.65 | E252,899.51 | |||||||
| StJames Churche | ||||||||
| Cash at Bank and in Hand | StJames | E19,015.47 | f10,132.S1 | |||||
| Cash in CBF Deposit Fund | —StJames | E68,260.51 | E68,882A6 | |||||
| StJames investment accounts |
130000.00 | 4334DM.M | ||||||
| f167,275.98 | E159,M5.27 | |||||||
| StJames Church Fabric | Fund | |||||||
| Cash at Bank and in Hand | StJames Fabric Fund | E49,672.60 | 69,120.95 | |||||
| Cash in CBFDeposit Fund | - StJames Fabric | E50758.87 f100,431.47 |
E40741.54 f49,862.59 |
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| StJames Church CBFFixed Investment | Shares | |||||||
| Medcalfe Bequest Endowment Funds |
f55,705.40 | ESS,705.40 | ||||||
| 2906CBF Investment Fund shares |
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| Memorial Fund 312CBFInvestment |
Fund | shares | ES038.33 | E~503&33 | ||||
| E60,743.73 | E60,743.73 | |||||||
| St Barnabas Hall |
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| Cash at Bank and in Hand | St Barnabas | f3,827.49 | E27,814.26 | |||||
| Cash in CBFDeposit Fund - St Ba ma bas | E6,877.99 | f13,079.05 | ||||||
| Barnabas Investment Account |
385 DOO.DD | E~$5000.00 | ||||||
| E95,705.48 | f125,893.31 | |||||||
| NET CURRENT ASSETS | E383545.31 | 648414.41 | ||||||
| NET ASSETS | E999,396.31 | 958384,41 | ||||||
| FUNDS | ||||||||
| Restricted | ||||||||
| Capital 8/fwd | E958,384.41 | 927424.96 | ||||||
| StJames Net Incoming Resources | -E48.01 | -9425.64 | ||||||
| Interest - Investments and |
Deposits StJames | E15,366.74 | 15401.39 | |||||
| Revaluation ofCBFInvestment shares |
f0.00 | 8777.86 | ||||||
| St.Barnabas- Net Incoming |
Resources | E15,008.84 | 6877.50 | |||||
| Interest - Investments and |
Deposits St Barnabas | E4,803.33 | 4743.34 | |||||
| Revaluation ofSt.Barnabas |
Hall | ES881.00 | 4585.00 | |||||
| *Breakdown ofStJames Church Restricted | Funds | f999,396.31 | 958384.41 | |||||
| AV System | E4,669.41 | |||||||
| Rear ofChurch Improvements |
E8,959.30 | |||||||
| Legacy Development Fund |
E40,598.33 | |||||||
| Choir Fund | f757.88 | |||||||
| Refreshments | E2,786.76 | |||||||
| Magazines | EO.OO | |||||||
| Special Collections | EO.OO | |||||||
| Mission Fund | E27,978.73 | |||||||
| Vicarage Fund | E1,000.00 | |||||||
| Wedding &Funerals Deposits |
and LDF Fees | EQ.OO | ||||||
| Weddings &Funerals Flowers, Verger &Music |
ESO.OO | |||||||
| Memorial Fund (Including Brockhurst & Medcalfe Trusts) |
E13906.49 | |||||||
| Total Restricted Funds |
E100,706.90 | |||||||
| StJames Church Unrestricted | Funds | ~E71607.41 | ||||||
| StJames Church Total Funds | E172,314.31 |
| Unrestricted | Restricted | Total | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| 1. INCOMING RESOURCES - STJAMES CHURCH |
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| 1(a) Incoming resources from donors | ||||||
| Planned Giving —Stewardship |
f37,095.52 | f0.00 | E97,095.52 | 39719.93 | ||
| Income Tax Recoverable - Gift Aid | f10,966.36 | f0.00 | f10,966.36 | 11153.50 | ||
| Loose Plate Collections and Contactless Donations |
E3,413.19 | f0.00 | E3,413.19 | 3025.40 | ||
| Donations | E2,155.00 | f0.00 | E2,155.00 | 850.00 | ||
| Bequest | f0,00 | f0.00 | EO.OO | 0.00 | ||
| Special Collections | f0.00 | f672.65 | E672.65 | 2306.41 | ||
| E53,630.07 | f672.65 | E54,302.72 | 57055.24 | |||
| 1(b) Income from other activities | - StJames | |||||
| Choir Fund | f0.00 | f8.80 | E8.80 | 0.00 | ||
| Memorial Fund |
f0.00 | f0.00 | EO.OO | 0.00 | ||
| AV System | f0.00 | f348.94 | f348.94 | 288.74 | ||
| Rear ofChurch Improvements | f0.00 | f422.72 | f422.72 | 414.50 | ||
| Devlopment Fund |
f0.00 | E1,915.42 | E1,915A2 | 1879.32 | ||
| Tea &Coffee | EO.OO | -f85.01 | -E85.01 | 46.70 | ||
| PCC Fees | E1,805.00 | f0.00 | E1,805.00 | 1003.00 | ||
| LDF Fees Wedding/Funeral | f0.00 | E2,392.00 | E2,392.00 | 1175.00 | ||
| Church hire |
f7,695.00 | f0.00 | E7,695.00 | 5060.00 | ||
| Fundraising for Mission |
f0.00 | f2,560.70 | E2,560.70 | 2051.75 | ||
| Fabric Fund | f0.00 | E4,187.65 | E4,187.65 | 1652.84 | ||
| Fees for Wedding/Funerals Flowers, verger a Music |
f0.00 | EBOO.OO | f800.00 | 370.00 | ||
| f9,500.00 | E12,551.22 | E22,051.22 | 19940.95 | |||
| 1(c) Income from investments and deposits - StJames |
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| Memorial Fund CBFInvestment |
Fund interest | f0.00 | f17952.46 | E1,952A6 | 1896.80 | |
| StJames CBFinterest | E66.94 | f0.00 | E66.94 | 320.34 | ||
| StJames CBFGlobal Equity Interest | f316.86 | f0.00 | E316.86 | 337.45 | ||
| StJames CBF Property Fund |
Interest | E405.11 | f0.00 | E405.11 | 445.95 | |
| StJames Fabric Fund CBFInterest | EO.OO | E17.23 | E17.23 | 172.27 | ||
| StJames Trust CBFInterest |
f0.00 | f10.52 | E10.52 | 95.06 | ||
| StJames Trust CBFGlobal Equity | Interest | f0.00 | f4,102.88 | E4,102.88 | 3996.54 | |
| StJames Trust CBFProperty | Fund Interest | f0.00 | E3,859.21 | E9,859.21 | 3949.95 | |
| StJames Trust- M & G interest | EO.OO | f4,635.53 | E4,635.53 | 4197.03 | ||
| E788.91 | f14,577.83 | E15,366.74 | 15401.39 | |||
| Total Incoming Resources - StJames | 363918.98 | E27801.70 | 591720.68 | 86397AB | ||
| 1. INCOMING RESOURCES - STBARNABAS |
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| 1(d) Saint Barnabas | ||||||
| Regular/occasional Hirers |
f20,455.00 | f0.00 | E20,455.00 | 13976.00 | ||
| f20,455.00 | f0.00 | E20,455.00 | 13876.00 | |||
| 1(e) Income from investments and deposits - Barnabas |
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| Barnabas CBFInterest | f5.75 | f0.00 | E5.75 | 45.23 | ||
| Barnabas CBFGlobal Equity Interest | E1,893.82 | f0,00 | E1,893.82 | 1844.71 | ||
| Barnabas CBFProperty Fund |
Interest | f1,899.37 | f0.00 | E1,899.37 | 1944.02 | |
| Barnabas - M &G interest | E1,004.39 | f0.00 | E1,004.39 | 909.38 | ||
| E4,803.33 | EO.OO | E4,803.33 | 4749.34 | |||
| Total Incoming Resources - | St Barnabas | 52525L33 | f0.00 | E25 258.33 | 18619.34 | |
| TOTAL INCOMING RESOURCES |
QLS(LZQ |
| FOR | THE YEAR ENDED 31st | DECEMBER 2 | 021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | 2020 | |||
| 2. RESOURCES USED - STJAMES | ||||||
| 2(a) Activities directly relating to | the work ofthe Church | |||||
| Ministry - Diocesan Quota |
-f49,500.00 | -f49,500.00 | 49500.00 | |||
| Clergy Expenses | f0.00 | FO.OO | 1499.17 | |||
| Accommodation Costs |
-E517.28 | -E517.28 | 449.85 | |||
| Church Repairs, Maintenance and Equipment |
-f649.12 | -E649.12 | 1643.60 | |||
| Memorial Fund |
-f129.32 | -f129.32 | 125.10 | |||
| AV System | f0,00 | f0.00 | 0.00 | |||
| Music Expenses (Organ, Choir, Music, Etc) | -E625.52 | -E625.52 | 677.18 | |||
| Church expenses | -f1,058.77 | -E1,058.77 | 1019.55 | |||
| Stewardship | -E116.79 | -E116.79 | 143.41 | |||
| Refreshments | f0.00 | EO.OO | 193.39 | |||
| Sunday School | f0.00 | EO.OO | 0.00 | |||
| -f52,467.48 | -E129.32 | -E52,596.80 | 33251.25 | |||
| 2(b) Missionary Grants |
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| Mission Support | f0.00 | -E1,072.65 | -E1,072.65 | 5283.41 | ||
| Home Mission/vouchers | f0.00 | E12DD.D.D | -E1200.00 | 388.40 | ||
| f0.00 | &2,272.65 | -E2,272.65 | 3673.81 | |||
| 2(c) Church Management | and Administration | |||||
| Heating | -E2,113.08 | EO.OO | -E2,113.08 | 1280J0 | ||
| Electric | -E998.25 | f0.00 | -E998.25 | 848.72 | ||
| Water Rates | -E93.80 | f0.00 | -E93.80 | 143.35 | ||
| Telephone, Internet, Website |
-f1,322.95 | f0.00 | -f1,322.95 | 1430.46 | ||
| Insurance | -f4,325.40 | f0.00 | -f4,325.40 | 4349.27 | ||
| Parish Administration | -f5,742.84 | f0.00 | -E5,742.84 | 5688.36 | ||
| Printing, Postage and Stationery |
-f158.18 | EO.OO | -f158.18 | 8031 | ||
| Fabric Fund | f0.00 | -E3,636.00 | -E3,636.00 | 413&30 | ||
| Weddings —flowers |
f0.00 | -E100.00 | -f100.00 | 0.00 | ||
| Weddings - Verger &Bell | f0.00 | -f370.00 | -f370.00 | 170.00 | ||
| Weddings - music | f0.00 | -f280,00 | -E280.00 | 200.00 | ||
| LDF Fees | f0.00 | -E2,392.00 | -E2,392.00 | 1175.00 | ||
| -E14,754.50 | -E6,778.00 | -E21,532,50 | 19496.67 | |||
| Total Resources Used | - StJames | -f67,221.98 | -f9,179.97 | -f76,401.95 | 80421.73 | |
| 2. Resources Used - St Barnabas | ||||||
| 2(d) Barnabas Upkeep & Running | Expenses | |||||
| Water Rates | -f215.69 | f0.00 | -E215.69 | 1778.66 | ||
| Electric | -f775.22 | EO.OO | -f775.22 | 576.03 | ||
| Gas and Gas Boiler Contract | -f723.00 | f0.00 | -f723.00 | 855AO | ||
| Management and Cleaning |
-f2,600.00 | f0.00 | -f2,600.00 | 1870.00 | ||
| Insurance | -f945,27 | f0.00 | -8945.27 | 932.38 | ||
| Cleaning Matedals |
-f34.97 | f0.00 | &34.97 | 228.53 | ||
| Equipment &Repairs &Maintenance |
-E152.01 | f0.00 | -f152.01 | 757.30 | ||
| Major Building Repairs &Maintenance | f0.00 | f0.00 | f0.00 | 0.00 | ||
| -E5,446.16 | EO.OO | -f5,446.16 | 6998.50 | |||
| TOTAL RESOURCES USED |
| FOR THE YEAR | E | NDED | 31s | t DECEMBER 2 | t DECEMBER 2 | 021 | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| Funds | Funds | Funds | 2020 | |||||
| 3. FIXEDASSETS | ||||||||
| The Freehold of St Barnabas Hall is insured for: |
f315,851.00 | f315,851.00 | 309,970.00 | |||||
| 4. INVESTMENT | ||||||||
| Investments with Central Board of Finance for StJames |
Church | |||||||
| Medcalfe Bequest Endowment Funds 2906 CBF |
Investment | Fund | shares | f55,705.40 | f55,705.40 | 55,705,40 | ||
| Memorial Fund 312CBFInvestment Fund shares |
E5D38.33 | 85058.53 | ~5038.3 | |||||
| E60,743.73 | E60&743.73 | 60,743.73 | ||||||
| 5. ANALYSIS OF NET ASSETS BYFUND | ||||||||
| StJames Church | ||||||||
| Cash at Bank StJames Church | E17,915.09 | E17,915.09 | 9,595.25 | |||||
| Cash in Hand StJames Church | E1,100.38 | E1,100.38 | 537.56 | |||||
| Cash in CBFDeposit Fund - StJames Church | F22,591.94 | E45,668.57 | f68&260.51 | 68,882.46 | ||||
| CBFGlobal Equity StJames | E15,000.00 | f25,000.00 | f40,000.00 | 40,000.00 | ||||
| No. ofshares 19313.37valued E2.209each asat31.12.19(f43,109J | ||||||||
| CBF Property Fund StJames |
f15,000.00 | f25,000.00 | E40,000.00 | 40,000.00 | ||||
| No. ofshares 28661.10valued E1.3775each as at31.12.19(f39,481J | ||||||||
| E71,607.41 | E95,668.57 | f167,275.98 | 159,015.27 | |||||
| StJames Church Fabric Fund | ||||||||
| Cash at Bank StJames Fabric Fund | E49,508.79 | E49,508.79 | 9,118.64 | |||||
| Cash in Hand StJames Fabric Fund | E163.81 | E163.81 | 2.31 | |||||
| Cash in CBFDeposit Fund - StJames Fabric Fund | 250758.87 | E50758.87 | 40741.54 | |||||
| E100,431.47 | E100,431.47 | 49,862.59 | ||||||
| StJames Trust | ||||||||
| Cash in CBFDeposit Fund - StJames Trust | E34,388.65 | E34,388.65 | 27,899.51 | |||||
| CBF Property Fund StJames Trust |
f75,000.00 | E75,000.00 | 75,000.00 | |||||
| No. ofshares 60,489.26 valued E1.3773each as at31.12.19(f83,324J | ||||||||
| CBFGlobal Equity StJames Trust | E75,000.00 | E75,000.00 | 75,000.00 | |||||
| No. ofshares 53973.96valued E2.209each asat31.12.19(f123,646J | ||||||||
| M & G Equities investment Fund for charities lcharifund) |
-StJames | Trust | 575000.00 | 273 OOO.OO | 75 000.00 | |||
| No. ofshares 6264.227valued EJ6.6069eoch asat31.12.19 | (f104&029J | |||||||
| E259,388.65 | E259,388.65 | 252,899.51 | ||||||
| StBarnabas | ||||||||
| Cash at Bank St Barnabas | E3,672.95 | E3,672.95 | 27,636.75 | |||||
| Cash in Hand St Barnabas | E154.54 | E154.54 | 177.51 | |||||
| Cash in CBFDeposit Fund - St Barnabas | E6,877.99 | E6,877.99 | 13,079.05 | |||||
| CBFGlobal Equity - Barnabas Fabric Fund | E35,000.00 | f35,000.00 | 35,000.00 | |||||
| No. ofshares 2$,836.37valued E2.209each as at32.12.19(6577073J | ||||||||
| CBF Property Fund —Barnabas Fabric Fund |
E35,000.00 | E35,000.00 | 35,000.00 | |||||
| No.ofshares 29,770 71valued El 3775each asat | 31.1219(f41,009J | |||||||
| M & G Equities investment Fund for Charities icharifund) |
-aarnabss | Fabric Fund | 415 DDO.OD | E15000.00 | ~1000.00 | |||
| No. ofshares 1337282valued E16,6069each asat | 31.12.19 (E224540J | |||||||
| E&0705.48 | 58500000 | 585 70548 | 1258&33| |