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