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