**Charity number: 1133781**
## **CHRIST CHURCH HAMPSTEAD**
## **INDEPENDENTLY EXAMINED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **CHRIST CHURCH HAMPSTEAD**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 20|
**CHRIST CHURCH HAMPSTEAD**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees**
Mr Michael Royalton-Kisch Mr John Goldsmith Mr Alec Rolle Ms Jessie Oyinlola, Church Warden (appointed 18 October 2020) Canon Paul Conrad, Chair Mr Paul Evans Mrs Martha Rolle Mr Justin Bowen (resigned 18 October 2020) Mr Paul Harper Mr Harmen van den Hondel, Church Warden Mr Rodger Heeley, Treasurer Mr Joshua Oyinlola Ms Nicole Lewis Ms Karen Harries (appointed 18 October 2020) Mr Yiwei Li (appointed 18 October 2020)
## **Charity registered number**
1133781
## **Principal office**
Christ Church Hampstead 10 Cannon Place London NW3 1EJ
## **Accountants and examiner**
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 1
**CHRIST CHURCH HAMPSTEAD**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **AIMS AND PURPOSES**
The Parochial Church Council of Christ Church (the “PCC”) has the responsibility of cooperating with the incumbent, Canon Paul Conrad, in promoting in the ecclesiastical parish the mission of the church through pastoral, evangelistic, social and ecumenical activities.
## **OBJECTIVES**
The PCC works to encourage as many people as possible to share in the worship and life of Christ Church. We try to enable people to live out their faith as part of our parish community through:
- Worship, prayer and learning about the Christian faith
- Provision of pastoral care for those living within the parish and those involved with our Church School
- Missionary and outreach work
To facilitate this work it is important to maintain the fabric of the church building and its facilities for all who use it.
In producing their assessment of the benefit to the public provided by the church, the PCC confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE WORSHIP AND PRAYER**
Worship has priority in the life of Christ Church. A high standard in liturgy and music is expected and achieved.
People of all ages participate in singing, reading, leading intercessions and serving. There is a well organised group of Sidesmen and Sideswomen who welcome visitors and maintain security during services.
Due to the pandemic, the Church was closed for Public Worship for 21 Sundays in 2020. When it was possible to be open, services were short and accompanied only by the organ. There has been no singing and the church and school choirs have not performed.
Readings, prayers and audio recordings of sermons have been placed on a Worship page of the website each week.
CHILDREN AND YOUNG PEOPLE
We aim to put much work and effort into the care of children in the parish. There are close links with Christ Church School. Several governors and the Head Teacher attend church regularly. The Vicar takes two assemblies every week and is involved in the teaching of RE. The Vicar is an ex- officio governor and the PCC nominates three governors to the Governing Body.
A recent SIAMS report graded the teaching of RE and the Christian ethos of Christ Church School as outstanding.
During the year Christ Church School has made great efforts to remain open when possible and to deliver a high standard of teaching to pupils in their homes. It has remained open throughout the pandemic to children of Key Workers. For a while the Vicar was able to take assemblies in the School playground.
It has not been considered safe for the Sunday school to meet for much of the year.
Page 2
**CHRIST CHURCH HAMPSTEAD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## MEMBERSHIP
We aim to welcome all who for whatever reason come to Christ Church. Our church community is wide ranging in age; it is diverse and inclusive, with people from many religious backgrounds (or none). In 2020 there were 125 people registered on the Electoral Roll.
Due to the pandemic, Church attendance has been much lower than usual. When it has been possible for the Church to be open on Sundays then an average of 60 people have attended worship.
An average of 50 people have accessed the Worship page on the website each week.
## DEANERY SYNOD
Representatives from Christ Church attended such meetings of the Deanery Synod as were held. One Church Warden is Secretary of the Deanery Synod and another is a member of the Diocesan Synod and the Diocesan Advisory Committee for the Care of Churches.
## THE CHURCH BUILDING
The Church building is in excellent order. The Church Wardens have been careful to ensure that routine maintenance has been carried out.
The building is usually used extensively not only for worship but for a wide range of activities by Christ Church School, a nursery school, a Japanese cultural group, for concerts and rehearsals.
## PASTORAL CARE
Pastoral care is chiefly provided by the clergy. 2020 has presented especial challenges when it has not been possible to visit parishioners at home or in hospital.
The Vicar has endeavoured to keep in touch with the sick and self-isolating by telephone or letter.
## MISSION AND EVANGELISM
Christ Church has a link with the Anglican Diocese of Wiawso in Ghana and through prayer and financial assistance seeks to support the work of that Diocese.
We have perforce this year had to rely on the website (http://christchurchhampstead.co.uk/) to publicise our work and to keep in touch with parishioners
## ECUMENICAL RELATIONSHIPS
Christ Church is a member of Churches Together in Hampstead. There is a close and longstanding relationship with Heath Street Baptist Church with regular joint services and shared preaching.
## **THE FUTURE**
Following the outbreak of COVID-19, the PCC implemented a continuity plan in accordance with central guidance from the Church of England aimed at supporting the ongoing work and mission of the parish.
There will no doubt be difficult challenges and choices over the next few years, not least in financial matters, but we are confident that with hard work, imagination and through God’s grace, these can be met and made. The parish will prosper.
Page 3
**CHRIST CHURCH HAMPSTEAD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FINANCIAL REVIEW**
Total income in unrestricted funds was £132,002 (2019 - £164,180) of which £29,229 (2019 - £45,209) was received from donations (including unrestricted HMRC receipts). Restricted donations of £7,200 (2019 - £6,722) were received for the fabric and stained glass windows of the Church. The car park continued to be let, which provided a gross income of £70,886 (2019 - £66,429).
During 2020, £31,887 (2019 - £52,542) was received from charitable activities, including the rent from the nursery school. This decline compared to 2019 is explained by an understandable significant reduction in Church hall lettings (£290 in 2020 compared to £16,660 in 2019) and also by the fact that the nursery was unable to open during the first lockdown. In total three months’ rent was not paid on time (£9,028). The PCC agreed to defer half of the rent owing until 2021 and waive the remaining half. An amount of £4,514 within the 2020 income amount is therefore included within debtors.
£136,364 (2019 - £166,547) was spent from unrestricted funds to provide the Christian ministry from Christ Church, including the contribution to the Diocese of London of £75,000 (2019 - £72,000). The Diocese provides training, stipends and housing for the clergy.
Net movement in funds on unrestricted funds was a deficit of £4,362 (2019 – deficit of £2,367) and on restricted funds was an increase of £7,200 (2019 - deficit of £10,574). During the year, the total fund balances increased by £2,838 to £11,797 (2019 - decreased by £12,941 to £8,959) of which £1,797 (2019 - £6,159) is unrestricted and £102,800 (2019 - £2,800) is restricted.
Following on from previous years of higher than normal expenditure linked to the major restoration of the Church building, all costs were looked at throughout the course of 2020 to make savings where possible.
The PCC has revised the budget for 2021 to reflect the ongoing expected impacts of the COVID-19 pandemic. Income from church hall lettings is expected to be reduced, as well as Sunday plate donations. Conversely expenditure on music, utilities and other costs will be less. The PCC is actively engaging in discussions with the London Diocese about the contribution to the London Diocese Fund, which may need to be reduced based on ability to pay.
## **RESERVES POLICY**
It is PCC policy to move towards maintaining a balance on free reserves (net current assets) which equates to at least three months' unrestricted payments. This is equivalent to £34,000 for the reported year. It will be held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £1,797 which is below the target, something to be expected in light of the financial challenges flowing from the restrictions placed on everyone by the COVID-19 pandemic. It is the intention of the PCC to meet this target in future years.
The balance of £10,000 in restricted funds is retained to spend on future maintenance expenditure on the stained glass windows of the Church.
## **RISK MANAGEMENT**
The PCC develops the strategic direction of the Church and considers how to properly address the exposure to risk and ensure proper management.
On at least an annual basis the PCC has considered and discussed key risks facing the Church, the controls in place, and any mitigation and actions required. The PCC continues to review and confirm policy regarding matters such as charity law, safeguarding, children activities, equality, social media, finance and data protection. The standard Safeguarding Policy suggested for parishes by the Diocese was adopted.
In 2020 and ongoing there are more regular risk assessments for health and safety concerns linked to the pandemic for the protection of all the users of the church building, especially for the most vulnerable.
Page 4
**CHRIST CHURCH HAMPSTEAD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **VOLUNTEERS**
We would like to thank all the volunteers who work so hard to make our church the community it is. In particular we want to mention our Church Wardens who have worked so tirelessly on our behalf.
## **STRUCTURE, GOVERNMENT AND MANAGEMENT**
The PCC met five times during the year and it concerned itself with the maintenance and management of the Church building, with finance, with work with young people and with church life generally.
This report was approved by the PCC on 17 February 2021 and signed on their behalf by:
## **Canon Paul Conrad, Chair of Trustees**
Page 5
**CHRIST CHURCH HAMPSTEAD**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Independent examiner's report to the Trustees of Christ Church Hampstead ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Richard Hill
Dated: 8 March 2021 FCA
## **Griffin Stone Moscrop & Co**
Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 6
**CHRIST CHURCH HAMPSTEAD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Commercial rental income
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2020**
**£**
**7,200**
**-**
**-**
**7,200**
**-**
**-**
**7,200**
**2,800**
**7,200**
**10,000**|**Unrestricted**
**funds**
**2020**
**£**
**29,229**
**31,887**
**70,886**
**132,002**
**136,364**
**136,364**
**(4,362)**
**6,159**
**(4,362)**
**1,797**|**Total**
**funds**
**2020**
**£**
**36,429**
**31,887**
**70,886**
**139,202**
**136,364**
**136,364**
**2,838**
**8,959**
**2,838**
**11,797**|_Total_
_funds_
_2019_
_£_
_51,931_
_52,542_
_66,429_
_170,902_
_183,843_
_183,843_
_(12,941)_
_21,900_
_(12,941)_
_8,959_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 20 form part of these financial statements.
Page 7
## **CHRIST CHURCH HAMPSTEAD**
## **BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed assets**
**Current assets**
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Total net assets**
**Charity funds**
Restricted funds
10
Unrestricted funds
10
**Total funds**|**13,550**
**17,327**
**30,877**
**(19,080)**|**2020**
**£**
**-**
**11,797**
**11,797**
**11,797**
**11,797**
**10,000**
**1,797**
**11,797**|_9,275_
_14,964_
_24,239_
_(15,280)_|_2019_
_£_|
|---|---|---|---|---|
|||||_-_
_8,959_|
|||||_8,959_|
|||||_8,959_|
||||||
|||||_8,959_|
|||||_2,800_
_6,159_|
||||||
|||||_8,959_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
___________________________ ___________________________ **Rev Paul Conrad Mr Rodger Heeley** (Chair of Trustees) Date: 17 February 2021
The notes on pages 9 to 20 form part of these financial statements.
Page 8
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Christ Church Hampstead meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.
Support costs are those costs incurred directly in support of expenditure on the objects of the church. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements
## **1.4 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.5 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 9
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. Accounting policies (continued)**
## **1.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.7 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Income from donations and legacies**
|Donations and collections
Listed place of worship grant
Gift aid recoverable
Donations and collections
Listed place of worship grant
Gift aid recoverable|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
7,200
18,181
-
-
-
11,048
7,200
29,229
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_6,722_
_31,162_
_-_
_5,281_
_-_
_8,766_
_6,722_
_45,209_|**Total**
**funds**
**2020**
**£**
**25,381**
**-**
**11,048**|
|---|---|---|
|||**36,429**|
|||_Total_
_funds_
_2019_
_£_
_37,884_
_5,281_
_8,766_|
|||_51,931_|
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2020**
**£**
Church hall lettings - Nursery school
31,597
Other Church hall lettings
290
Fee income
-
31,887|**Total**
**funds**
**2020**
**£**
**31,597**
**290**
**-**|
|---|---|
||**31,887**|
Page 11
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. Income from charitable activities (continued)**
|Church hall lettings - Nursery school
Other Church hall lettings
Fee income|_Unrestricted_
_funds_
_2019_
_£_
_35,231_
_16,660_
_651_
_52,542_|_Total_
_funds_
_2019_
_£_
_35,231_
_16,660_
_651_|
|---|---|---|
|||_52,542_|
## **4. Commercial rental income**
|**Unrestricted**
**funds**
**2020**
**£**
Car parking
70,886
_Unrestricted_
_funds_
_2019_
_£_
Car parking
_66,429_|**Total**
**funds**
**2020**
**£**
**70,886**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_66,429_|
Page 12
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Church activities
Chuch activities
Restoration expenditure|**Unrestricted**
**funds**
**2020**
**£**
136,364
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_-_
_160,563_
_17,296_
_5,984_
_17,296_
_166,547_|**Total**
**funds**
**2020**
**£**
**136,364**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_160,563_
_23,280_|
|||_183,843_|
## **6. Analysis of expenditure by activities**
|Regular church activities
Regular church activites
Restoration expenditure|**Activities**
**undertaken**
**directly**
**2020**
**£**
130,003
_Activities_
_undertaken_
_directly_
_2019_
_£_
_153,281_
_23,280_
_176,561_|**Support**
**costs**
**2020**
**£**
6,361
_Support_
_costs_
_2019_
_£_
_7,282_
_-_
_7,282_|**Total**
**funds**
**2020**
**£**
**136,364**|
|---|---|---|---|
||||_Total_
_funds_
_2019_
_£_
_160,563_
_23,280_|
||||_183,843_|
Page 13
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Clerical expenses of office
Repairs and maintenance
Visiting preachers and clerical honoraria
Insurance
Light and heat
London Diocesan Fund contributions
Cleaning
Music
Altar and sanctuary
Sundry expenses
Advertising
Churchyard and maintenance
Vicarage expenses
Charity giving - Wiawso Ghana
Church security
Car park expenses|**Regular**
**church**
**activities**
**2020**
**£**
237
8,383
99
5,393
5,251
75,000
2,863
18,005
1,969
544
721
4,876
1,072
3,750
1,036
804
130,003|**Restoration**
**expenditure**
**2020**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**funds**
**2020**
**£**
**237**
**8,383**
**99**
**5,393**
**5,251**
**75,000**
**2,863**
**18,005**
**1,969**
**544**
**721**
**4,876**
**1,072**
**3,750**
**1,036**
**804**|
|---|---|---|---|
||||**130,003**|
Page 14
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Clerical expenses of office
Repairs and maintencance
Visiting preachers and clerical honoraria
Insurance
Light and heat
London Diocesan Fund contributions
Cleaning
Music
Catering and events
Altar and sanctuary
Sundry expenses
Advertising
Churchyard and maintenance
Vicarage expenses
Charity giving - Wiawso Ghana
Fees paid to Diocese|_Regular_
_church_
_activities_
_2019_
_£_
_1,071_
_7,661_
_500_
_5,527_
_7,432_
_72,000_
_3,148_
_32,768_
_4,580_
_6,602_
_1,195_
_403_
_4,272_
_488_
_5,000_
_634_
_153,281_|_Restoration_
_expenditure_
_2019_
_£_
_-_
_23,280_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_23,280_|_Total_
_funds_
_2019_
_£_
_1,071_
_30,941_
_500_
_5,527_
_7,432_
_72,000_
_3,148_
_32,768_
_4,580_
_6,602_
_1,195_
_403_
_4,272_
_488_
_5,000_
_634_|
|---|---|---|---|
||||_176,561_|
## **Analysis of support costs**
|Telephone and broadband
Postage, freight and courier
Postage and stationary
Bank fees
Accountancy and examination fees|**Regular**
**church**
**activities**
**2020**
**£**
2,077
196
683
365
3,040
6,361|**Total**
**funds**
**2020**
**£**
**2,077**
**196**
**683**
**365**
**3,040**|
|---|---|---|
|||**6,361**|
Page 15
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Telephone
Bank charges
Postage and stationary
Other administeration costs
Accountancy and examination fees|_Regular_
_church_
_activities_
_2019_
_£_
_1,205_
_413_
_1,805_
_1,219_
_2,640_
_7,282_|_Total_
_funds_
_2019_
_£_
_1,205_
_413_
_1,805_
_1,219_
_2,640_|
|---|---|---|
|||_7,282_|
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2019 - £NIL)_ .
During the year ended 31 December 2020, expenses totalling _£_ 843 were reimbursed or paid directly to 1 Trustee _(2019 - £3,213 to 1 Trustee)_ .
## **8. Debtors**
|**Due within one year**
Trade debtors
Other debtors|**2020**
**£**
**4,514**
**9,036**
**13,550**|_2019_
_£_
_2,000_
_7,275_|
|---|---|---|
||||
|||_9,275_|
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**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Creditors: Amounts falling due within one year**
|VAT
Accruals and deferred income
Deferred income at 1 January 2020
Resources deferred during the year
Amounts released from previous periods|**2020**
**£**
**5,984**
**13,096**
**19,080**
**2020**
**£**
**7,674**
**9,042**
**(7,674)**
**9,042**|_2019_
_£_
_1,738_
_13,542_
_15,280_
_2019_
_£_
_12,543_
_7,674_
_(12,543)_
_7,674_|
|---|---|---|
Page 17
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **10. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
General Fund
**Restricted funds**
Stained glass windows fund
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Fund
**Restricted funds**
Fabric restoration fund
P Blackburn fund
Stained glass windows fund
**Total of funds**|**Balance at 1**
**January**
**2020**
**£**
**6,159**
**2,800**
**8,959**
_Balance at_
_1 January_
_2019_
_£_
_8,526_
_3,694_
_9,680_
_-_
13,374
_21,900_|**Income**
**£**
**132,002**
**7,200**
**139,202**
_Income_
_£_
_164,180_
_3,922_
_-_
_2,800_
6,722
_170,902_|**Expenditure**
**£**
**(136,364)**
**-**
**(136,364)**
_Expenditure_
_£_
_(166,547)_
_(7,616)_
_(9,680)_
_-_
(17,296)
_(183,843)_|**Balance at**
**31**
**December**
**2020**
**£**
**1,797**|
|---|---|---|---|---|
|||||**10,000**|
|||||**11,797**|
|||||_Balance at_
_31_
_December_
_2019_
_£_
_6,159_|
|||||_-_
_-_
_2,800_|
|||||_2,800_|
|||||_8,959_|
Page 18
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**January**
**2020**
**£**
**6,159**
**2,800**
**8,959**
_Balance at_
_1 January_
_2019_
_£_
_8,526_
_13,374_
_21,900_|**Income**
**£**
**132,002**
**7,200**
**139,202**
_Income_
_£_
_164,180_
_6,722_
_170,902_|**Expenditure**
**£**
**(136,364)**
**-**
**(136,364)**
_Expenditure_
_£_
_(166,547)_
_(17,296)_
_(183,843)_|**Balance at**
**31**
**December**
**2020**
**£**
**1,797**
**10,000**|
|---|---|---|---|---|
|||||**11,797**|
|||||_Balance at_
_31_
_December_
_2019_
_£_
_6,159_
_2,800_|
|||||_8,959_|
## **12. Analysis of net assets between funds Analysis of net assets between funds - current period**
|Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
10,000
20,877
-
(19,080)
10,000
1,797|**Total**
**funds**
**2020**
**£**
**30,877**
**(19,080)**|
|---|---|---|
|||**11,797**|
Page 19
**CHRIST CHURCH HAMPSTEAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2019_
_£_
2,800
-
2,800|_Unrestricted_
_funds_
_2019_
_£_
21,439
(15,280)
6,159|_Total_
_funds_
_2019_
_£_
_24,239_
_(15,280)_
_8,959_|
|---|---|---|---|
## **13. Related party transactions**
The PCC members are considered the key management personnel of the church. No remuneration was paid directly to key management personnel, although the church contributes to the diocesan fund and the incumbent, who has overall responsibility for promoting the whole mission of the church, is remunerated directly by the Diocese.
Income from donations includes £6,915 (2019 - £5,300).
## **14. Post balance sheet events**
Since March 2020, the spread of COVID-19 has severely impacted many local economies around the globe. Measures taken to contain the spread of the virus, including quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses, resulting in an economic slowdown.
The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear at this time. It is not possible to reliably estimate the duration of severity of the consequences, as well as their impact on the financial position and results of the charity for future periods.
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