| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 9 | |
| Report ofthe Independent | Auditors | 10 to | 12 | |
| Statement of Financial Activities | 13 | |||
| Balance Sheet | 14 | |||
| Notes to the Financial Statements | 15 to | 27 |
| Exofficio | Exofficio | |||||
|---|---|---|---|---|---|---|
| Team Rector: | Revd Canon Jo Stoker | |||||
| Team Vicar: | Revd Alison Bennett | |||||
| Associate | and | Revd Pat Palmer | ||||
| Assistant | Clergy: | |||||
| Churchwardens: | Virge Routledge | Cathy Child* | Elisabeth | Jason York | ||
| Farwell | ||||||
| Paul Lane** | Nigel Drury | Angcia Neal*** |
||||
| Suzanne Cooper** | ||||||
| Secretary: | John Pritchard | |||||
| Treasurer: | Mike Deare | |||||
| Diocesan | Synod: | Bob Lock | ||||
| Deanery Synod: | Elisabeth Farwell |
Angela Neal** | Stephen Leach** |
Ellie Woolf'* | ||
| Gill Barlin | Sue Irvine* | Mike | ||||
| Browning* | ||||||
| Elected members | ||||||
| All Saints | Allan Palmer | Castor Bending | Ellie Woolf'* | Sandy Welch | ||
| Angella Neal |
||||||
| Christ the | King | Stephen Bennett | Shelagh Kavanagh |
(see | Gill Barlin** | Cathy Child** |
| note 1) | ||||||
| Suzanne Cooper" | ||||||
| St Michaels | Keith Bastin** | Mike Browning** | Sue Irvine** | Pauline | ||
| Mayer** | ||||||
| Stephen Leach (see | ||||||
| note 2)* | Pat Stott" | |||||
| Ghislaine | ||||||
| St Peter' s | Martin Powter | Andrew Stead | Fletcher"* | |||
| Vicky Bennett* | Jose Morgan* | |||||
| *Until 14October | ||||||
| **From 14October | ||||||
| ***From27 January |
| F | OR THE Y | EAR END | ED 31 DECEM | BER 2020 | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f |
funds | funds 6 |
funds | ||
| INCOME AND ENDOWMENTS | FRONI | |||||
| Donations and legacies |
157,479 | 5,712 | 163,191 | 187,977 | ||
| Charitable activities |
||||||
| Church activities | 34,670 | 225 | 34,895 | 19,050 | ||
| Other trading activities |
29,279 | 29,279 | 70,574 | |||
| Investment income |
40,725 | 317 | 41,042 | 29,359 | ||
| Other income | 6,038 | 6,038 | 11,963 | |||
| Total | 268,191 | 6,254 | 274,445 | 318,923 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 1,825 | 1,825 | 7,711 | ||
| Charitable activities |
7 | |||||
| Church activities | 242,981 | 15,710 | 258,691 | 306,659 | ||
| Other expenses expended | 3,484 | 3,484 | 59,975 | |||
| Total | 248,290 | 15,710 | 264,000 | 374,345 | ||
| Net gains on investments | 17,185 | 17,185 | 30,621 | |||
| NET INCOME/(EXPENDITURE) | 37,086 | (9,456) | 27,630 | (24,801) | ||
| Transfers between funds | 22 | 5,692 | (5,692) | |||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation offixed assets |
11,987 | 11,987 | 111,862 | |||
| Net movement in funds |
54,765 | (15,148) | 39,617 | 87,061 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 4,912,524 | 62,854 | 4,975,378 | 4,888,317 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,967,289 | 47,706 | 5,014,995 | 4,975,378 |
| BALANCE SHEET 31DECEMBER2020 |
|||
|---|---|---|---|
| 2020 | 2019 | ||
| Notes | 6 | ||
| FIXEDASSETS | |||
| Tangible assets | 13 | 3,555,864 | 3,548,515 |
| Investments | |||
| investments | 14 | 229,260 | 212,075 |
| Investment property |
15 | 1,100,000 | 1,100,000 |
| 4,885,124 | 4„860,590 | ||
| CURRENT ASSETS | |||
| Stocks | 1,036 | 1,399 | |
| Debtors | 13,074 | ||
| Cash at bank | 224,769 | 213,355 | |
| CREDITORS | |||
| Amounts falling due within one year |
18 | (41,930) | (35,183) |
| NET CURRENT ASSETS | 196,949 | 191,866 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 5,082,073 | 5,052,456 | |
| CREDITORS | |||
| Amounts falling due after more than one year 19 |
(67,078) | (77,078) | |
| 6,014,995 | 4,975,378 | ||
| FUNDS | |||
| Unrestricted funds |
4„967,289 | 4,912,524 | |
| Restricted funds | 47,706 | ||
| TOTALFUNDS | 5,014,995 | 4,975,378 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Rents received | 34,720 | 23,040 | |||||
| Dividend | income | 6,295 | 6,273 | ||||
| Deposit | account interest | 27 | 46 | ||||
| 41,042 | 29,359 | ||||||
| All investment income is derived |
from assets held | in the United Kingdom. | |||||
| INCOME FROM CHARITABLE ACTIVITIES | |||||||
| 2020 | 2019 | ||||||
| Activity | F | 5 | |||||
| Fees for weddings | and | ||||||
| funerals | Church activities | 9,196 | 15,610 | ||||
| Book stall and magazine | |||||||
| sales | Church activities | 140 | 407 | ||||
| Church | hall lettings | Church activities | 5,477 | ||||
| Grants | Church activities | 20,082 | 3,033 | ||||
| 34,895 | 19,050 | ||||||
| RAISING FUNDS | |||||||
| Raising | donations | and legacies | |||||
| 2020 | 2019 | ||||||
| E | E | ||||||
| Cost of | fundraising | trading | 415 | 324 | |||
| Cost of | generating | voluntary | income | 27 | 27 | ||
| 442 | 351 | ||||||
| Investment management |
costs | ||||||
| 2020 f |
2019 5 |
||||||
| Porffolio | management | 1,383 | 7,360 | ||||
| Aggregate amounts |
1,825 | 7,711 |
| Direct | Support | ||||||
|---|---|---|---|---|---|---|---|
| Costs (see | costs (see | ||||||
| note 8) | note 9) | Totals | |||||
| F | 6 | F | |||||
| Church | activities | 251,883 | 6,808 | 258,691 | |||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||||
| 2020 f |
2019 | ||||||
| Staff costs | 34,663 | 39,189 | |||||
| Church | running | expenses | 70,571 | 92,177 | |||
| Hall running | costs | 21,795 | 38,943 | ||||
| Church | repairs | &maintenance | 1,448 | 3,591 | |||
| Mission | giving | and donations | 1,148 | 3,426 | |||
| Hall repairs | & | maintenance | 4,957 | ||||
| Parish share | 117,301 | 119,853 | |||||
| 251,883 | 297,179 | ||||||
| SUPPORT COSTS | |||||||
| Governance | |||||||
| Finance | costs | Totals | |||||
| F | 5 | 8 | |||||
| Church | activities | 175 | 6,633 | 6,808 | |||
| Support | costs, | included | in the above, are as follows: | ||||
| Finance | |||||||
| 2020 | 2019 | ||||||
| Church | Total | ||||||
| activities | activities | ||||||
| 6 | |||||||
| Bank charges | 175 | ||||||
| Governance | costs | ||||||
| 2020 | 2019 | ||||||
| Church | Total | ||||||
| activities | activities | ||||||
| F | E | ||||||
| Auditors' | remuneration | 4,800 | 4,800 | ||||
| Auditors' | remuneration | for non audit | |||||
| work | 1,800 | 1,800 | |||||
| Accountancy | and legal | fees | 33 | 2,880 | |||
| 6,633 | 9,480 |
| FOR THE YEAR EN | DED 31 DECE | MBER 2020 | MBER 2020 | ||
|---|---|---|---|---|---|
| 12. | COMPARATIVES FORTHE STATEMENT | OF FINANCIAL | ACTIVITIES- continued | ||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 6 | 5 | 6 | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 4,806,558 | 81,759 | 4,888,317 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,912,525 | 62,853 | 4,975,378 | ||
| 13. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| Freehold | and | ||||
| ploparty 6 |
fiifings f |
Equipment | Totals 6 |
||
| COSTOR VALUATION | |||||
| At 1 January 2020 | 3,506,158 | 35,982 | 46,306 | 3„588,446 | |
| Additions | 1,488 | 1,488 | |||
| Revaluations | 11,987 | 11,987 | |||
| At 31 December 2020 | 3,518,145 | 47,794 | 3,601,921 | ||
| DEPRECIATION | |||||
| At 1January 2020 | 17,170 | 39,931 | |||
| Charge for year | 4,559 | 6,126 | |||
| At 31 December 2020 | 21,729 | 46,057 | |||
| NET BOOKVALUE | |||||
| At 31 December 2020 | 3,518,'i45 | ||||
| At 31 December 2019 | 3,506,158 | 13,221 | 29,136 | 3,548,515 | |
| 14. | FIXEDASSET INVESTMENTS | ||||
| Listed | Unlisted | ||||
| investments | investments | Totals | |||
| 6 | |||||
| MARKET VALUE | |||||
| At 1 January2020 | 209,019 | 3,056 | 212,075 | ||
| Revslustlofis | 17,185 | 17,'IS5 | |||
| At 31 December 2a2a | 226,204 | 3,056 | 229,260 | ||
| NET BOOKVALUE | |||||
| At 31 December 2020 | 226,204 | 3,056 | 229,260 | ||
| At 31 December 2019 | 209,019 | 3,056 | 212,075 |
| tangible fixed assets. property. |
in 2019, these were reclassi6ed from tangib |
le fixed assets t |
o investme |
|
|---|---|---|---|---|
| 16. | STOCKS | |||
| 2020 | 2019 | |||
| 1,036 | 1,399 | |||
| 17. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | |||
| E | ||||
| Trade debtors | 407 | 656 | ||
| Other debtors Tax refunds due |
5,280 1,706 |
4,935 3,'940 |
||
| Prepsyments | 5,681 | 2,764 | ||
| 13,074 | 12,295 | |||
| 18. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| E | ||||
| Trade creditors | 7,912 | 4,162 | ||
| Other creditors | 34,018 | 31,021 | ||
| 41,930 | 35,163 |
| 19. | FORTHE YEAR ENDED 31 DECEMBE CREDITORS: AMOUNTS FALLIN6 DUEAFTER MORE THAN |
R 2020 ONE YEAR |
|
|---|---|---|---|
| 2020 | 2019 | ||
| Other creditors | 67,078 | 77,078 | |
| 20. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: |
| An analysis ofthe maturity ofloans is given below: | ||
|---|---|---|
| 2020 | ||
| Amounts failing due within one year on demand: |
||
| Other loans | 10,000 | 10,776 |
| Amounts falling between one and two years: |
||
| Other loans - 1-2years | 67,078 | 77,078 |
| ANALYSIS OF NET ASSETS B | ETWEEN FUNDS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 6 | 6 | |||
| Fixed assets | 3,532,663 | 23,201 | 3,555,884 | 3,548,515 |
| Investm ants | 1,329,260 | 1,329,260 | 1,312,075 | |
| Current assets | 214,374 | 24,505 | 238,879 | 227,049 |
| Current llabiligss | (41,930) | (41,930) | (35,183) | |
| Long term liabilities | (67,0f8) | (67,078) | (77,078) | |
| 4,967,289 | 47,706 | 5,014,995 | 4„975,378 |
| MOVEWIENT IN FUNDS | ||||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||
| 6 | 8 | 6 | ||||
| Unrestricted funds |
||||||
| General fund | 306,366 | 37,665 | (36,274) | 307,777 | ||
| Buigding fund | 4,606,158 | 12,009 | 4,618,167 | |||
| Designated repair |
(621) | 41,966 | 41,345 | |||
| 49,073 | ||||||
| Restricted funds | ||||||
| Fabric, fittings 8fins srt Memodal display fund Sunday school fund Tufty club fund Choir fund |
fund | 8,687 1,718 8,875 209 500 |
(2,386) 241 2 |
6,301 1,718 9,116 211 500 |
||
| Flower fund Daisy Smith discretionary fund Daisy Smith music 8 education Homeless fund |
fund | 3,63S 559 170 2,867 |
(235) 4 1 (762) |
3,404 563 171 2,105 |
||
| Small saints furid | 46 | 46 | ||||
| Belfry fund Bells fund |
7,996 2,442 |
(4,345) 185 |
3,651 2,627 |
|||
| Repair fund Audio/visual fund |
5,6S2 19,454 |
(2,161) | (5,692) | 17,293 | ||
| 62,854 | (9,456) | (5,692) | 47,706 | |||
| TOTAL FUNDS | 4,975,378 | 5,014,995 |
| Net movement in funds, i |
nclude | d in the s |
hove are as billow | s: | ||
|---|---|---|---|---|---|---|
| incoming | Resources | Gains snd | Movsm ant | |||
| resources | expelided | losses | in funds | |||
| 6 | 6 | 8 | ||||
| Unrestricted funds |
||||||
| General fund | 267,987 | (247,069) | 16,78? | 37,685 | ||
| Building fund Designated repair |
22 182 |
(1,221) | 11,987 418 |
12,009 {621) |
||
| 268,191 | (248,290) | 29,172 | 49,073 | |||
| Restricted funds | ||||||
| Fabric, fittings 8fine srt fund | 195 | (2„581) | (2,386) | |||
| Sunday school fund Tugy club fund Flower fund Daisy Smith discretionary fund Daisy Smith music 8 education Komelsss fund |
fund | 300 2 218 4 1 664 |
(59) (453) (1,426) |
241 2 (235) 4 1 (762) |
||
| Belfry fund Bells fund |
685 304 |
{5,030) (119) |
(4,345) 185 |
|||
| Audio(visual fund |
(2,161) | (2,161) | ||||
| Coronavirus Job Retention Scheme | 3,881 | (3,881) | ||||
| {15,710) | (9,456) | |||||
| TOTALFUNDS | 274,445 | (264,00O) |
| Comparatlvs | s for move |
msnt | in funds | |||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.1.19 | in funds | 31.12.19 | ||||
| Unrsstricted | funds | |||||
| General fund | 312,262 | (5,896) | 306,366 | |||
| Building fund | 4,494,296 | 111,862 | 4,606,158 | |||
| 4,806,558 | 1Q5,966 | 4,912,524 | ||||
| Restricted funds | ||||||
| Fabric, fri6ngs 8 fine art | fund | 24,614 | (15„927) | 8,687 | ||
| Memoriai display fund Sunday achoolfund |
1,718 8',83? |
38 | 1,718 8,875 |
|||
| Tufty club fund | 207 | 2 | 209 | |||
| Choir fund | 500 | 500 | ||||
| Flower fund | 3,678 | (39) | 3,639 | |||
| Daisy Smith Daisy Smith |
discretionary fund music 8 education |
fund | 4 6 |
559 170 |
||
| Homeless fund |
2,667 | 200 | 2,867 | |||
| Small saints | fund | 46 | 46 | |||
| Belfry fund | 5,822 | 2,174 | 7,996 | |||
| Bells fund | 3,Q27 | (585) | 2,442 | |||
| Repair fund | 5,515 | 177 | 5,692 | |||
| Audiohiiaual | fund | 24,409 | (4,955) | 19,454 | ||
| 81,759 | (18,905) | 62,854 | ||||
| TOTALFUNDS | 4,868,317 | 8?,061 | 4,975,378 |
| MOVEMENT | IN FUNDS - co | IN FUNDS - co | nt | inued | ||||
|---|---|---|---|---|---|---|---|---|
| Compsrative | nst movement | in | funds, included | in the above | are as follows: | |||
| Incoming I'esourcss |
Resources expended |
Gains and losses |
Movement in funds |
|||||
| Unmstrictsd | funds | |||||||
| General fund Building fund |
(345,926) | 30,62'I 111„862 |
(6,896) 111,862 |
|||||
| 309,409 | (345,926) | 106,966 | ||||||
| Restricted funds | ||||||||
| Fabric, fittings 8 fine art | fund | 972 | (16,899) | (15,927) | ||||
| Sundayschoolfund | 291 | (253) | ||||||
| Tuhy club fund | ||||||||
| Flower fund | 969 | (1,008) | (39) | |||||
| Daisy Smith | discretionary | fund | 4 | |||||
| Daisy Smith | music 8 education | fund | ||||||
| Homeless fund Belfry fund |
2,415 2,715 |
(2,215) (541) |
||||||
| Bells fund RepNir fund |
1,407 177 |
(1,992) | (585) 177 |
|||||
| Audiolvisual | fund | %6 | (5,511) | (4,955) | ||||
| (28,419) | (18,905) | |||||||
| TOTALFUNDS | 318,&23 | (374,345) | 142,483 | 87,061 |