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2020-12-31-accounts

in g eneral
m		 arket conditions
in 2		 018(2018:l osses 647,4 07).
2920 2919 2018 2017
COIF Investment Fund Income Shares 152,246 143,055 121,386 124,827
CBF Investment Fund Income Shares 76,920 71,952 60,604 61,523
CBF Global Equity Income Fund Shares 267,367 224,638 182,254 186,243
CBF UK Equity Income Fund Shares 183,900 189,025 153,843 166,967
M&G Charifund Income Units 162,498 196,608 168,590 194,476
842 931 825 278 686627 734035

ofthe properties. The PCC
are per the table below;		 has reviewed
the ma		 rket value o f all four pr
2020 2019 2018
Comprising
7 St.Alfege Passage 1,120,000 1,120,000 1,100,000
8 St.Alfege Passage 1,170,000 1,170,000 1,100,000
10St.Alfege Passage 1,170,000 1,170,000 1,100,000
11St. Alfege Passage 985,000 985,000 985,000
4445 000 4445000 4285000

2020f 2019
f		 Movement
6		 Change
Gift aid donations 109,802 127,619 (17,817) -14%
Non gift aid donations 12,851 35,649 22, -64%
Total Donations 122,654 163,268 (40,614) -25%
DiVidends and Interest 26,070 27,683 (1613) -6%
Rental Property Income 94,855 108,500 (13,645) -13%
Investment
Income		 120,924 136,183 (15,259) -11%
Church
hire		 50,533 27,576 22,957 83%
Hall &Nursery 18,260 36,998 (18,738) -51%
Concerts 6,510 12,325 (5,815) -47%
Church and hall 75,302 76,898 (1,596) -2%
Ministry 3,894 17,163 (13,269) -77%
Core Income 322,775 393,513 ~70738 -18%
Restricted
Income		 60 187 122456 (62269) -51%
Legacy 0 7,067 (7,067) -100%
Total Income 382,962 523,036 ~140074 -27%

Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 Excluding
Restricted funds,
expenditure
in 2020 was 5313,882 (2019:8351,2		 37)an 11% 37)an 11% 37)an 11% reduction. reduction.
Administration
staff and office costs were lower in 2020 due to lower overtime		 and holiday cover costs. In
2020, clergy housing
& ministry		 expenses (514,654)was reduced due to the vacancy and agreement with
the Diocese over the Assistant Priest costs. Maintenance
ofthe		 church (E11,845) includes 52,341 for the
rope repairs and Hall (59,533) included essential maintenance and repairs and all electrical testing
required for the proper running ofthe church, clock tower and offices. A breakdown
ofmaintenance		 costs
for both the church and the hall detailed in note 18 to the financial statements. The organ costs of211,880
were capitalised
and the net assets are		 documented in note 6d to the accounts.
Actual Actual Movement Movement
2020 2019 9/
Rental property
expenses		 13,158 9,025 4,133 46%
Concerts,
events &other income generating		 6,635 8,767 (2,133) -24%
Church
maintenance		 11,845 8,512 3,334 39%
Church
running
expenses		 31,649 35,612 (3,963) -11%
Hall maintenance
&repairs		 2,226 8,669 (6,443) -74%
Hall running
expenses		 9,533 13,058 (3,525) -27%
Administration
Office staff		 costs 34,386 34,909 (523)
Clergy housing
& ministry		 expenses 14,654 38,594 (23,940) -62%
Music snd choir 16,104 15,297 807 5%
Church supplies 8,176 5,890 2,286 39%
Advertising 2,001 2,497 (495) -20%
Audit 5,982 5,040 942 19%
Office costs 14,541 21,288 (6,747) -32%
Sundry costs 10,132 12,781 (2,649) -21%
Sub-Total Costs Expended 18,
9		 9.93 ~3888! —8'/
Diocesan quota 132,613 131,300 1,313 18/
Total Costs
ended		 313,882 3 1,23 ~39388 —
'/

2020 2019
Note
Fixed Assets
Land 8property for use by the PCC 6(a) 468,210 468,210
Investment
properties		 6(b) 4,445,000 4,445,000
Other tangible fixed assets 6(tl) 11,633
Securities 7 842,931 825,278
5,767,774 5,738,488
Current assets
Debtors 14 241,053 894,082
Short term deposits 8 3,264 3,259
Cash at bank and in hand 122,972 251,096
367,289 1,148,437
Current
liabilities
Amounts
falling due within one year		 15 ~94044 297188
(94,044) (297,188)
Net current assets 273,245 851,249
Net assets 6,041,019 6,589,737
Funds
Unrestricted
-Designated 5,202,029 5,211,438
- Undesignated 668,566 734,940
Total unrestricted 10 5,870,595 5,946,378
Restricted 10 170,424 643,359
Totalfunds 6,041,019 6,589,737

Unrestricted Restricted Total Unresb ictsd Restricmd Total
Funds Funds Funds Funds Funds Funds
Note 2020 2020f 2020
6		 2019 2019
6		 2019
Income and Endowments from
Donations
and legacies		 122,654 2,310 124,963 163,268 17,583 180,851
Charitable
actiVities		 79,197 56,196 135,392 94,021 110,274 204,295
Other trading actigbes 40 40
Investments 120,924 1,662 122,606 136,183 1,667 137,850
Other income
Totalincome
and endowments		 322775 60 187 382 962 393513 129523 523036
Expenditure
on:
Raising Funds 19,792 9,835 29,628 17,792 30,895 48,687
Charitable
actiVities		 294,090 625,615 919,705 333,446 1,469,320 1,802,766
Other
Total expenditure 313882 635451 949 333 351237 1 500215 1,851,452
Net gains/(losses)
on investments:		 Realised
Net gains/(losses)
on investments:		 Unrealised 7,765 9,888 17,653 128,843 9,808 138,651
Gains/(losses)
on revaluation
properbes		 of investment 160,000 160,000
Net income 16,657 (565,378) (548,718) 331,118 ((,380,883) (f,t5$,7M)
Transfers
between
funds		 12 (92,441) 92,441 1,658 (1,658)
Net movement
in funds		 (75,783) (472,935) (548,718) 332777 (1,362,542) (1,029.785)
Reconciliation offunds:
Total funds brought forward at 1stJanuary 5,946,378 643,359 6,5!!9,737 5,613,602 2005,901 7,619,502
Total Funds carried forward at 31 December 5,870,595 170424 6 041 019 5946378 643359 6 589737

2020 2019
TotalFunds Total Funds
f.
Note
Cash flows from operating activities
Net cash provided
by (used		 in) operating activities 2 (238,847) (290,170)
Cash flows from investment
activities
Dividends,
interest and rent		 from investments 122,607 137,851
Proceeds from the sale ofproperty
Purchase of property,
plant		 and equipment 6(d) (11,880)
Proceeds from the sale ofinvestments 7(b)
Additions to investment
properties		 6(b)
Net cash provided
by (used		 in) investing activities 110,727 137,851
Cash flows from financing activities
Repayments
and borrowing
Cash inflows from new borrowing
Receipt ofendowment
Net cash provided
by (used		 in) financing activities
Change
in cash and cash		 equivalents in the reporting period (128,119) (152,319)
Cash and cash equivalents at the beginning ofthe reporting pedod 254,355 406,674
Cash and cash equivalents at the end of the reporting period 3 126,236 254,355

Reconciliation
of net
inco
activities		 me/
(expenditure)		 to net cash
flow		 from
oper
2020 2019
Total Funds Total Fundsf
Net income /(expenditure)
forthe reporting		 panod per the
statement
offinancial
activities
(548,718) (1,029,765)
Adjustments
for:
Depreciation 248
(Gains)/Ioaaea
on investment		 (17,653) (298,651)
Loan interest
Dividends,
interest and rents from investments		 (122,607) (137,851)
Loss/(profit)
on the sale offixed assets
gncreasa)/decreaaa
in debtors		 653,029 903,161
Increase/(decrease)
in creditors		 272,936
Nat cash provided
by (used in) operating		 activities (238,847) (290,170)
Analysis
ofcash and cash equivalents
2020 2019
F 8
Cash in hand 122,972 251,096
Short term deposits: Equities
Notice deposits (leaa than 3 months) 3,264 3,259
Overdraft
facility repayable
on demand
Total cash and cash equivalents 126,236 254,355

U I'td Rmmcted Rmmcted TOTAL U I 'cled Fa Wctm TOTAL
F Wl FWXI FUNDS F
b		 F
d		 FUNDS
2020 2019 2019 2019
Not 8 8 6 8
D
GR		 ti
Adm		 al g~
Domgw s		 07,671 87,671 102,327 102,327
I comelaxmc
0
II
e
s(ope		 I blB
pbt fat		 gift admi 22,131
1,709		 22,131
1,709		 25,292
12,632		 25.292
12,632
S nerf dMBtl 11,143 2,310 13,4S3 23,010 10,516 33,532
Legs M 16 7,067 7,007
2,310 124,963 163,268 17,583 100,051
Ch 0 bl Wbh'
cl w achumhtmtlea g 03,167 63;I67 64,470 64,470
CB Mne 0 12,136 12136 12,428 12,428
INs Mng and other tees 3,094 3,004 17,123 17,123
C anb 500 500
Ohw F ndra sing 55,MS 55,696 110,274 110274
79,107 56,190 135,aq2 94,021 IIOR74 204295
Dth Uetgn9 8 MU
f w fu dmw gmenb 40 40
40
In estm ts
8 kaMerinte est 10 5 20 15 8 24
Di 'd wb 26,054 1,6rf 27,731 27,060 1,650 29,326
Ra ttl
rtcont6		 04,805 108,500 108.5DO
120,924 122,006 136,183 1,067 137,!50
Total I d Mmnsnm 322,775 00 107 302 902 393513 120523 5230M
xpe nd i t u re on:
0 st 'Wed Rmt TOTAL U t
t
d		 R tnctm TOTAL
Fu d Fu d FUNDS Fmds F wb FUNDS
2020 2020 2020 2019 2019 2010
N t 6 8 e. 5 5
Reiw gf d*
R tip p tf p 13,1$! 13,158 9,025 9,025
C wt, Wsendctt g BU 0 9.035 18,470 S,767 30,S95 39,662
t IBB
19,792 17,702 40,007
Ch tbl Mitts
0 0 17 132,613 132,613 131,300 131,3M
own ant a i io 18 11,045 530.119 549,964 8,512 1,307,809 1,390,321
Chwch
mnnmg		 e p 31,649 31,64S 35,612 11,543 47,155
Ne aii aces pai 18 2,226 2,226 s,609 s,aae
NNI M n wt expo s 9,533 9,5M 13,050 13,058
Ad t I staff costs 13 34,380 55,162 00.548 37,049 03.217 90,266
CI grhWB
Nm ~h		 ga btu 0 14,654
16,104		 14,654
16,104		 38,594
15,297		 30,594
15,297
Ch h ppem S,f70 22.323 30,490 5.890 5,MO
Admm g 2,001 0,402 11,403 2,M7 8,497
A dt 5,M2 5,902 5,040 5,040
Ca I 14,541 15,150 21,2SB 22,820
Dp Nt 6(d) 240 240
Cha tml GI g, Gm I 5,000 5,000 294 9,219 9,513
5,132 5,132 10,347 10,347
294,090 625,615 919,705 1,469.320 1,802,7M
T I I Lap dit 313.882 e35A51 949.333 351,237 1,500,215 I,S51,452

Land and buildin gs
for use by the P		 CC
2020 2019
f f
Cost or estimated market value
At 1stJanuary 468,210 468,210
Additions
Ravafuationa
Diapoaals
At 31stDecember 468,210 468,210
Comprising
Church
hall		 and nursery 168,210 168,210
Caretaker'a cottage 125,000 125,000
Car park area 100,000 100,000
Recreation ground
Old mortuary building 75,000 75,000
468,210 468,210
Properties
2020 2019f
Cost or estimated market value
At 1stJanuary 4,445,000 4,285,000
Additions
Revaluations 160,000
At 31stDecember 4,445,000 4,445,000
Comprising
7 St. Alfege Passage 1,120,000 1,120,000
8 St. Alfege Passage 1,170,000 1,170,000
10St.Alfege Passage 1,170,000 1,170,000
11 St.Alfege Passage 985,000 985,000
4,445,000 4,445,000

Oflice equipment
2020 2019
E E
Cost
At 1stJanuary 7,725 7,725
Addibons
At31stDecember 7,725 7,725
Accumulated
Depreciation
At 1stJanuary 7,725 7,725
Depreoaticn
fm the year
At 31stDecelrlber 7,725 7,725
Net BookValue
At 1stJanuary
At31stDecember
L Equipment
2020 2019
Cost
At 1st January 19,555 19,555
Additions 11,550
At 31st Deoember 31.435 — 19,555
Accumulated
Depreciation
At 1stJanuary 19,555 19,555
Deprecisbcn
for the year		 248
At 31stDecember 19,503 - 19,555
Net BookValue
At 1stJanuary
At 31stDecember 11.533
2020 2019
COIF Investment Fund Income Shares 152,246 143,055
CBF Investment Fund Income Shares 76,920 71,952
CBFGlobal Equity Income Fund Shares 267,367 224,638
CBFUK Equity Income Fund Shares 183,900 189,025
M8G Charifund Income Units 162,498 196,606
842,931 825,278

es
2020 2019
Marketvdlue at 1stJanuary 825,278 686,627
Additions
Disposals, at cost
Gain on disposal
Revaluations 17,653 138,651
Market value at31stDecember 842,931 825,278
rrent assets and fixed assets
2020 2019
t t
Fixed assets 842,931 825,278
Current assets
842,931 825,278

Unrestricted Resbicted TOTAL Unrestr
icad		 Restricted TOTAL
Funds Fund FUNDS Funds Fund FUNDS
2020 2020 2020 2019 2019 2019
Analysis ofrevaluations in the period 6 6
Investment properbes 160,000 160,000
Nett gam (-loss) on securaes 7,765 9,888 17,653 128,843 9,808 138,651
Net unreslised
gain (-loss)		 on revaluations 7,765 9,888 17,653 288.843 9,808 298,651

Analysis of net ass ets by fund
Unrestncted Restricted TotalFunds Unrestricted Restricted Total Funds
Funds Funds Funds Funds
2020 2020 2020 2019 2019 2019
Land 8 Buildings 468,210 468,210 468,210 468,210
Fixtures,
Fittings &Equipment		 11,633 11,633
Investment
Property		 4,445,000 4,445,000 4,445,000 4,445,000
Securibes 781,060 61,871 842,931 773,295 51,983 825,278
Current Assets 193,519 173,771 367,289 289,542 858,896 1,148,437
Current Uabiaes (28,S27) (65,218) (96044) (29,669) (267,520) (29T,1$!)
Fund balances 5,(t70595 170424 6041 019 5946378 643359 6589737

Analysi s ofthe balance ofrestricted funds at31 "December:
Current Securities Total Current Securities Total
Assets Assets Assets Assets
2020 2020 2020 2019 2019 2019
6 6 6 6 F
Smith Trust 61,871 61,871 51,983 51,983
Restoration Appeal Fund 100,966 100,966 588,485 588,485
Chancel Fund 1,142 1,142 1,137 1,137
Grants 807 807 307 307
Charity Collections Held 5,638 5,638 1,447 1,447
Total Restricted Funds 108,553 61,871 170,424 591,376 51,983 643,359

)
U		 nr estricted
funds
General Designated Total General Designated Total
Purposes Funds unrestricted Purposes Funds Unrestricted
Funds Funds
2020 2020 2020 2019 2019 2019
E f. 5
Land & Buildings 468,210 468,210 468,210 468,210
Fixtures, Fittings & Equipment 11,633 11,633
Investment Property 4,445,000 4,445,000 4,445,000 4,445,000
Development Ccats
Secunties 82,313 698,747 781,060 77,019 696,276 773,295
Current Assets 132,837 60,682 193,519 216,980 72,562 289,542
Current LiablTt ties (26,427) (2400) (27,269) (2,400) (29,689)
668,566 5,202,029 5,870,595 734,940 5,211,438 5,946,378

tunotd
Bequest		 Woodyard
Sale		 Lowe
Bequest		 Total
Des)gested		 Arnold
Bequest		 Woodyard
Sale		 Lowe
Bequest		 Total
Destgnated
Proceeds Funds Proceeds FUllds
7070
8		 2070
E		 2020
8		 2870
E		 2019'8 7019
8		 2018
8		 7019
f.
Land It Buildings
Fiances, Fidngs a Equipment
Inwsbnent Property 4,445,000 4,445,000 4,445,000
Devebpment Cces
Securities 148,853 467,454 84,441 688,747 187,9M 456,128 102166 696,276
Currettl Assets 2,400 70,162 (11,880) 60,882 7,400 70,162 72,582
Current uabiiities
Long Term uabiaties		 (2,400) p 488) (2,400) (2400)
4,591 853 537.615 72 561 5282,879 4,582,988 576284 102,166 5,711438

hamber
Organ
(wh		 ich had been on loan to us). ,
Balance Income & Expenditure Transfers Unresli sed Balance
1 Jan'20 gains gains 31 Dec20
Fund
Unrestricted
Funds
General Purposes Fund 734,940 299,035 (313,882) (56,821) 5,294 668,567
Arnold
Bequest		 4,582,988 4,236 (4,236) 8,865 4,591,853
Woodyard
Sale Proceeds
Lowe Bequest		 526,284
102,166		 15,382
4,122		 (15382)
~18.M2		 11331
~17		 537,615
72,560
Total Unrestricted Funds 5,946,378 322,775 (313,882) (92,441) 7,765 5,870,595
Restricted Funds
Charity Collections Held 1,447 2,310 1,882 5,638
Srriith Trust 51,983 1,677 (1,677) 9,888 61,871
Grants - restricted 307 500 807
Chancel Fund 1,137 5 1,142
Restoration
Appeal		 588,485 55,696 635,451 92,236 100,966
Total Restricted Funds 643,359
60,187
, 8.»,		 (635,451)
~949,		 92,441 9,888
17,653		 170,424
6,041,019

FOR THE YEA ENDED 31"DECEM BER2020
Balance Income 8 Expenditure Transfers Unrealised Balance
1 Jan '19 gains gains 31tyec19
Fund
Unresb icted Funds
General Purposes Fund 678,890 368,094 (346,131) 21,971 12,117 734,940
Arnold Bequest 4,402,038 4,152 (4,152) 180,950 4,582,988
Woodyard
Sale Proceeds		 445,067 16,161 (16,161) 81,217 526,284
Lowe Bequest 87,606 5,106 (5,106) 14,559 102,166
Total Unrestricted Funds 5,613,601 393,513 (351,237) 1,658 288,843 5,946,378
Restricted
Funds
Charity Collections Held 10,516 (9,069) 1,447
Smith Trust 42,175 1,658 (1,658) 9,808 51,983
Grants - restricted 457 (150) 307
Chancel
Fund		 1,128 8 1,137
Restoration
Appeal		 1,962,140 117341 (1,490,996) 588,485
Total Restricted Funds 2,005,901 129,523 (1,500,215) (1,658) 9,808 643,359
7,619,502 523,036 (1,851,452) 298,651 6,589,737

Number
of		 Full time
employees equivalent
Function
Administration 3
Concert Management 0.15
3.15
2020 2019
Gross salaries 85,360 85,360
Employer Pension contributions 1,654 1,480
Employer's National Insurance 2,534 3,425
89,548 90,266

2020 2019
Prepaymehts 6,246 4,877
Gift Aid Reclaim 5,344 14,638
Rental Deposit 2,400 2,400
HLF Grant 192,543 789,074
Other Debtors 34,521 83,093
241,053 894,082

2020 2019
Rental Property Deposit 2,460 2,400
Accrued Expenses 55,967 275,146
Provisions
Taxation acd scael security 7,157 7,157
Deferred
Income		 4,213 3,628
Sundry Creditors 24,368 8,858
94,044 297,188

From Froui TOTAL TOTAL
unrestncted restricted EXPENSE EXPENSE
Funds Funds
2020 2019
Hall
Roof8 Floor
Other 2,226 2,226
Church
Restoration Appeal 538,119 538,119 1,387,809
Heating 660 660 1,256
Electrical 3,947 3,947 2,444
Roof & Floor
Other, including organ 5,299 5,299 3,396
Tower and clock 1,729 1,729 576
Churchyard 210 210
14,072 538,119 552,190 1404 990
Funded by:
PCC General Purposes fund 1,020
Woodyard 14,072 14,072 16,161
Restoration
Appeal		 538 119 538119 1387 809
14 072 538 119 552,190 1 404990

2020 2019
Balance Sheet
Securities
1,209 COIF Investment Fund accumulation shares 249,288
1,150COIF Investment Fund income shares 20,672
Cash and short-term deposits 269,960 202,398
Bank deposits 8,315
Creditors 8,315 7,718
pcc
Statement ofFinancial Activities 278,275 210116
Income:
Dividends 596 585
596 585
Expenditure
Bank charges
Net income betore investment gains 596 585
Gains on investments
unreaiised
gains (-losses) on reve/nation		 67,563
Net income 68,159 585
Balances b/f 1st January 210,116 209,531
Balances c/d 31stDecember 278,275 210.116