| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 9 | ||
| Report ofthe Independent | Auditors | 10 | to | 12 | |
| Statement of Financial | Activities | 13 | |||
| Balance Sheet | |||||
| Notes to the Financial | Statements | 15 | lo | 26 |
| Exofficio | ||||||
|---|---|---|---|---|---|---|
| Team Rector: | Revd Canon JoStoker | |||||
| Team Vicar: | Revd Alison Bennett (until October | 2021) | ||||
| Associate and | ||||||
| Assistant Clergy: |
Revd Pat Palmer (until November | 2021) | ||||
| Churchwardens: | Virge Routledge | Elisabeth Farwell* |
Jason York | |||
| Paul Lane | Nigel Drury | Angela | Neal | |||
| Suzanne Cooper | ||||||
| Secretary: | John Pritchard | |||||
| Treasurer: | Mike Deare (until April 2021) | |||||
| Deanery Synod: | Elisabeth Farwell Ellie Woolf |
Angela Neal Gill Barlin* |
Stephen | Leach (See note 1) | ||
| Elected members | ||||||
| All Saints | Allan Palmer | Castor | Bending | Ellie Woolf | Sandy Welch | |
| Christ the King | Stephen Bennett*** | Shelagh | Kavanagh | Gill Barlin | Cathy Child | |
| St Michaels | Keith Bastin | Mike Browning** | Sue Irvine | Pauline | ||
| Mayer | ||||||
| St Peter' s | Martin Powter" | Andrew | Stead | Ghislaine | Fletcher | |
| *Until 26April 2021 | **Until August 2021 | ***Until | October 2021 |
| F | OR THE | YEAR E | NDED 31 DECE | MBER 2021 | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| INCOME AND ENDOWMENTS | FROM | Notes | 6 | 6 | 6 | 6 |
| Donations and legacies |
166,102 | 10,309 | 176,411 | 163,191 | ||
| Charitable activities |
||||||
| Church activities |
53,822 | 310 | 54,132 | 34,895 | ||
| Other trading activities Investment income Other income |
51,428 57,755 24,997 |
50 311 121 |
51,478 58,066 25,118 |
29,279 41,042 6,038 |
||
| Total | 354,104 | 11,101 | 365,205 | 274,445 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 853 | 853 | 1,825 | |||
| Charitable activities |
||||||
| Church activities |
284,532 | 13,675 | 298,207 | 258,691 | ||
| Other expenses expended | 1,604 | 1,604 | 3,484 | |||
| Total | 286,989 | 13,675 | 300,664 | 264,000 | ||
| Net gains on investments | 62,423 | 62,423 | 17,185 | |||
| NET INCOME/(EXPENDITURE) | 129,538 | (2,574) | 126,964 | 27,630 | ||
| Transfers between funds | 22 | 9,315 | (9,315) | |||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation offixed assets |
11,987 | |||||
| Net movement in funds |
138,853 | (11,889) | 126,964 | 39,617 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
4,967,289 | 47,706 | 5,014,995 | 4,975,378 | ||
| TOTAL FUNDS CARRIED FORWARD | 5,106,142 | 35,817 | 5,141,959 | 5,014,995 |
| BALANCE SHEET | ||||
|---|---|---|---|---|
| 31 DECEMBER 2021 | ||||
| FIXEDASSETS | Notes | 2021 | 2020 8 |
|
| Tangible assets Investments |
3551,899 | 3,555,864 | ||
| Investments Investment property |
14 15 |
248,366 458,217 |
229,260 1,100,000 |
|
| 4 | 258482 | 4 885124 | ||
| CURRENT ASSETS | ||||
| Stocks Debtors Cash at bank |
16 17 |
1,119 13,435 |
1,036 13,074 |
|
| 904,386 | 224,769 | |||
| 918,940 | 238,879 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
18 | (35,463} | (41,930) | |
| NET CURRENT ASSETS | ||||
| 883,477 | 196,949 | |||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | ||||
| 5,141,959 | 5,082,073 | |||
| CREDITORS | ||||
| Amounts falling due after more than one year 19 |
(67,078) | |||
| NET ASSETS | ||||
| 5,141,959 | 5,014,995 | |||
| FUNDS Unrestricted funds |
22 | |||
| Restricted funds | 5,'l06, 142 | 4,967,289 | ||
| 35,817 | 47,706 | |||
| TOTALFUNDS | ||||
| 5,141,959 | 5,014,995 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | 6 | |||||||
| Rents received | 51,696 | 34,720 | ||||||
| Dividend | income | 5,374 | 6,295 | |||||
| Deposit | account interest | 996 | 27 | |||||
| 58,066 | 41,042 | |||||||
| All investment income is derived |
from assets held | in the United Kingdom. | ||||||
| INCOME FROM CHARITABLE | ACTIVITIES | |||||||
| 2021 | 2020 | |||||||
| Activity | ||||||||
| Fees for weddings | and | |||||||
| funerals | Church | activities | 6,138 | 9,196 | ||||
| Fees for courses and | ||||||||
| events | Church | activities | 716 | |||||
| Book stall and magazine | ||||||||
| sales | Church | activities | 333 | 140 | ||||
| Church | hall lettings | Church | activities | 2,015 | 5,477 | |||
| Grants | Church | activities | 44,930 | 20,082 | ||||
| 54,132 | 34,895 | |||||||
| RAISING FUNDS | ||||||||
| Raising | donations | and legacies | ||||||
| 2021 | 2020 | |||||||
| F | 6 | |||||||
| Cost of | fundraising | trading | 206 | 415 | ||||
| Cost of | generating | voluntary | income | 26 | 27 | |||
| 232 | 442 | |||||||
| Investment management |
costs | |||||||
| 2021 | 2020 | |||||||
| E | ||||||||
| Portfolio | management | 621 | 1,383 | |||||
| Aggregate amounts |
853 | 1,825 |
| CHARITABLE ACTIVIT | IES COSTS | ||||
|---|---|---|---|---|---|
| Direct | Support | ||||
| Costs | (see | costs (see | |||
| note F |
8) | note 9) | Totals f |
||
| Church activities | 290,666 | 7,541 | 298,207 | ||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2021 f |
2020 | ||||
| Staff costs | 42,547 | 34,663 | |||
| Church running expenses Hall running costs Church repairs &maintenance Mission giving and donations Hall repairs &maintenance Parish share |
67,341 27,839 27,537 9,574 8,920 106,908 |
70,571 21,795 1,448 1,148 4,957 117,301 |
|||
| 290,666 | 251,883 | ||||
| SUPPORT COSTS | |||||
| Governance | |||||
| Finance f |
costs | Totals | |||
| Church activities | 736 | 6,805 | 7,541 | ||
| Support costs, included | in the above, are as follows: | ||||
| Finance | |||||
| 2021 | 2020 | ||||
| Church | Total | ||||
| activities f |
activities f |
||||
| Bank charges | 736 | 175 | |||
| Governance costs | |||||
| 2021 | 2020 | ||||
| Church | Total | ||||
| activities | activities f |
||||
| Auditors' remuneration |
5,005 | 4,800 | |||
| Auditors' remuneration |
for non audit | ||||
| work | 1,800 | 1,800 | |||
| Legal and professional | fees | 33 | |||
| 6,805 | 6,633 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Salaries and wages | 42,089 | 38,974 | ||
| Pension costs | 285 | 215 | ||
| 42,374 | 39,189 | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 6 | 6 | F | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
157,479 | 5,712 | 163,191 | |
| Charitable activities |
||||
| Church activities | 34,670 | 225 | 34,895 | |
| Other trading activities |
29,279 | 29,279 | ||
| Investment income |
40,725 | 317 | 41,042 | |
| Other income | 6,038 | 6,038 | ||
| Total | 268,191 | 6,254 | 274,445 | |
| EXPENDITURE ON | ||||
| Raising funds | 1,825 | 1,825 | ||
| Charitable activities |
||||
| Church activities | 242,981 | 15,710 | 258,691 | |
| Other expenses expended | 3,484 | 3,484 | ||
| Total | 248,290 | 15,710 | 264,000 | |
| Net gains on investments | 17,185 | 17,185 | ||
| NET INCOME/(EXPENDITURE) | 37,086 | (9,456) | 27,630 | |
| Transfers between funds |
5,692 | (5,692) | ||
| Other recognised gains/(losses) Gains on revaluation offixed assets |
11,987 | 11,987 | ||
| Net movement in funds |
54,765 | (15,148) | 39,617 |
| FOR THE YEAR ENDED 31 DECE | FOR THE YEAR ENDED 31 DECE | MBER 2021 | MBER 2021 | ||
|---|---|---|---|---|---|
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES - continued | |||
| Unrestncted | Restricted | Total | |||
| funds | funds | funds | |||
| F | 6 | 5 | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 4,912,524 | 62,854 | 4,975,378 | ||
| TOTAL FUNDS CARRIED | FORWARD | 4,967,289 | 47,706 | 5,014,995 | |
| 13. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| Freehold | and | ||||
| property | fittings | Equipment | Totals | ||
| 5 | 6 | 5 | |||
| COST OR VALUATION | |||||
| At 1 January 2021 | 3,518,145 | 35,982 | 47,794 | 3,601,921 | |
| Additions | 1,682 | 1,682 | |||
| Revaluations | 508 | 508 | |||
| At 31 December 2021 | 3,518,653 | 37,664 | 47,794 | 3,604,111 | |
| DEPRECIATION | |||||
| At 1 January 2021 | 24,328 | 21,729 | 46,057 | ||
| Charge for year | 1,595 | 4,560 | 6,155 | ||
| At 31 December 2021 | 25,923 | 26,289 | 52,212 | ||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 3,518,653 | 11,741 | 21,505 | 3,551,899 | |
| At 31 December 2020 | 3,518,145 | 11,654 | 26,065 | 3,555,864 | |
| 14. | FIXEDASSET INVESTMENTS | ||||
| Listed | Unlisted | ||||
| investments f |
investments E |
Totals 5 |
|||
| IIIIARKET VALUE | |||||
| At 1 January 2021 | 226,204 | 3,056 | 229,260 | ||
| Disposals | (6,000) | (3,056) | (9,056) | ||
| Revaluations | 28,162 | 28,162 | |||
| At 31 December 2021 | 248,366 | 248,366 | |||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 248,366 | 248,366 | |||
| At 31 December 2020 | 226,204 | 3,056 | 229,260 | ||
| There were no investment | assets outside the UK. |
| FAIR VALUE | |
|---|---|
| At 1 January 2021 Additions |
1,100,000 8,217 |
| Disposals Revaluation |
(685,190) 35,190 |
| At 31 December 2021 | 458,217 |
| NET BOOK VALUE At 31 December 2021 |
458,217 |
| At 31 December 2020 | 1,100,000 |
| 16. | STOCKS | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| F | 8 | |||
| Stocks | 1,119 | 1,036 | ||
| 17. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | 2021 f |
2020 8 |
| Trade debtors Other debtors Tax refunds due Prepayments |
4,403 4,368 4,664 |
407 5,280 1,706 5,681 |
||
| 13,435 | 13,074 | |||
| 18. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2021 | 2020 | |
| 6 | 6 | |||
| Trade creditors Other creditors |
25,539 9,924 |
7,912 34,018 |
||
| 35,463 | 41,930 |
| F | OR THE YEAR ENDED 31 DEC | OR THE YEAR ENDED 31 DEC | EMBER 2021 | EMBER 2021 | |
|---|---|---|---|---|---|
| CREDITORS: AMOUNTS | FALLING DUE AFTER MORE | THAN ONE YEAR | |||
| 2021 | 2020 | ||||
| 6 | |||||
| Other creditors | 67,078 | ||||
| LOANS | |||||
| An analysis ofthe maturity | of loans is given | below: | |||
| 2021 | 2020 | ||||
| F | |||||
| Amounts falling due within Other loans |
one year on demand: | 10,000 | |||
| Amounts falling between Other loans - 1-2 years |
one and two years: | 67,078 | |||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds 6 |
funds | funds f |
funds 6 |
||
| Fixed assets | 3,531,598 | 20,301 | 3,551,899 | 3,555,864 | |
| Investments | 706,583 | 706,583 | 1,329,260 | ||
| Current assets | 903,424 | 15,516 | 918,940 | 238,879 | |
| Current liabilities Long term liabilities |
(35,463) | (35,463) | (41,930) (67,078) |
||
| 5,106,142 | 35,817 | 5,141,959 | 5,014,995 |
| MOVEMENT IN FUNDS |
||||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.21 f |
in funds E |
funds | 31.12.21 | |||
| Unrestricted funds |
||||||
| General fund | 307,777 | 93,490 | (11,711) | 389,556 | ||
| Building fund Designated repair Choir (Designated) Sunday School (Designated) |
4,618,167 41,345 |
35,698 (872) (311) 1,533 |
10,000 311 10,715 |
4,653,865 50,473 12,248 |
||
| 4,967,289 | 129,538 | 9,315 | 5,106,142 | |||
| Restricted funds | ||||||
| Fabric, fittings &fine art Memorial display fund Sunday school fund |
fund | 6,301 1,718 9,116 |
(504) 199 |
(9,315) | 5,797 1,718 |
|
| Tufty club fund Choir fund |
211 500 |
(211) | 500 | |||
| Flower fund | 3,404 | (678) | 2,726 | |||
| Daisy Smith discretionary fund Daisy Smith music & education Homeless fund |
fund 563 171 2,105 |
(21) | 563 171 2,084 |
|||
| Small saints fund | 46 | 46 | ||||
| Belfry fund Bells fund |
3,651 2,627 |
740 (149) |
211 | 4,391 2,689 |
||
| Audiolvisual fund |
17,293 | (2,161) | 15,132 | |||
| 47,706 | (2,574) | (9,315) | 35,817 | |||
| TOTAL FUNDS | 5,014,995 | 126,964 | 5,141,959 | |||
| Net movement in funds, |
included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| 6 | F | F | ||||
| Unrestricted funds |
||||||
| General fund | 352,628 | (283,909) | 24,771 | 93,490 | ||
| Building fund Designated repair Choir (Designated) Sunday School (Designated) |
508 1,118 (150) |
(2,919) (161) |
35,190 929 1,533 |
35,698 (872) (311) 1,533 |
||
| 354,104 | (286,989) | 62,423 | 129,538 | |||
| Restricted funds | ||||||
| Fabric, fittings 8,fine art Sunday school fund |
fund | 235 311 |
(739) (112) |
(504) 199 |
||
| Flower fund | 232 | (910) | (678) | |||
| Homeless fund |
8,900 | (8,921) | (21) | |||
| Belfry fund | 750 | (10) | 740 | |||
| Bells fund | 673 | (822) | (149) | |||
| Audio/visual fund |
(2,161) | (2,161) | ||||
| 11,101 | (13,675) | (2,574) | ||||
| TOTAL FUNDS | 365,205 | (300,664) | 62,423 | 126,964 |
| Comparativ | es | for move | ment | in funds | ||||
|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||||
| E | 6 | 6 | ||||||
| Unrestricted | funds | |||||||
| General fund | 306,366 | 37,685 | (36,274) | 307,777 | ||||
| Building fund |
4,606,158 | 12,009 | 4,618,167 | |||||
| Designated | repair | (621) | 41,966 | 41,345 | ||||
| 4,912,524 | 49,073 | 5,692 | 4,967,289 | |||||
| Restricted | funds | |||||||
| Fabric, fittings | &fine art | fund | 8,687 | (2,386) | 6,301 | |||
| Memonal display fund |
1,718 | 1,718 | ||||||
| Sunday school | fund | 8,875 | 241 | 9,116 | ||||
| Tufty club fund | 209 | 2 | 211 | |||||
| Choir fund | 500 | 500 | ||||||
| Flower fund | 3,639 | (235) | 3,404 | |||||
| Daisy Smith | discretionary | fund | 559 | 4 | 563 | |||
| Daisy Smith | music &education | fund | 170 | 1 | 171 | |||
| Homeless fund |
2,867 | (762) | 2,105 | |||||
| Small saints | fund | 46 | ||||||
| Belfry fund | 7,996 | (4,345) | 3,651 | |||||
| Bells fund | 2,442 | 185 | 2,627 | |||||
| Repair fund | 5,692 | (5,692) | ||||||
| Audio/visual | fund | 19,454 | (2,161) | 17,293 | ||||
| 62,854 | (9,456) | (5,692) | 47,706 | |||||
| TOTAL FUNDS | 4,975,378 | 39,617 | 5,014,995 |