||||Page|Page| |---|---|---|---|---| |Report ofthe Trustees||1|to|7| |Independent
Examiner's
Report||||| |Statement ofFinancial|Activities|||| |Statement ofFinancial|Position|10|to|11| |Statement ofCash Flmvs|||12|| |Notes to the Statemeat|ofCash Flows||13|| |Notes to the Financial|Statements|14|to|23| |Detailed Statement ofFinancial Activities||24|to|25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2020|2019| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |INCOMING RESOURCES FROM||Notes|funds|funds
f|funds|funds| |CHARITABLE ACTIVITIES FROM||||||| |Voluntary
iucotne|||347,095||347&095|822,632| |Charitable
activities||||||| |Church Activities|||7,224||7,224|7,807| |Activities for generating
investment
income
Other income|funds||13,511
33,220
3,622||13,511
33,220
3,622|35,040
10,940
8,293| |Total|||404,672||404,672|884,712| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Church Activities|||58S,207||588,207|465,262| |NET INCOME/(EXPENDITURE)|||(183,535)||(183,535)|419,450| |Transfers
between
funds||13|123,081|(123,081)||1| |Net movement
in funds|||(60,454)|(123,081)|(183,535)|419,451| |RECONCILIATION
OF|FUNDS|||||| |Total funds brought
forward|||1&057,039|800,826|1,857,865|1,438,414| |TOTAL FUNDS CARRIED FORWARD|||996,585|677,745|1,674,330|1,857,865| ## ||||||2020|2019| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|fuads|funds|fends| |||Notes||||| |FIXEDASSETS||||||| |Tangible assets||10|634,617||634,617|646,286| |CURRENT ASSETS||||||| |Investments
Cash at bank||11|149,086
212,884|677,745|826,831
212,884|1,065,412
151,627| ||||361,970|677,745|1,039,715|1,217,039| |CREDITORS||||||| |Amounts
falling due within|one year|12|(2)||(2)|(5,460)| |NET CURRENT ASSETS|||361,968|677,745|1,039,713|1,211,579| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES|||996,585|677,745|1,674,330|1,857,865| |NET ASSETS|||996,585|677,745|1,674,330|1,857,865| ## ## ## |FU.iDS|||13||| |---|---|---|---|---|---| |Unrestricted
funds:|||||| |Unrestricted
-General
Designated - Quinquennial||and Audko/Visual||882,678
113,907|922,039
135,000| |Restricted funds:||||996,585|1,057,039| |Restricted -St Mary's Re-ordering
Restricted - Parish Youth Work
Restricted -Childrens
Pastor Salary||||476,534
193,711
75500|562,482
238,344| |||||677,745|800,826| |TOTAL FUNDS|||||| |||||1,674430|1,857,865| ## |||||2020|2019| |---|---|---|---|---|---| ||||Notes||| |Cash flows from operating
activities|||||| |Cash generated
fiom operations||||(225,835)|429,554| |Net cash (used in)/provided|by operating||activities|(225,835)|429,554| |Cash flows from investing|activities||||| |Other expenses
Other income
Depreciation
Withdrawals
&om deposit accounts
Sale/(purchase)
ofinvestments
Interest received||||3&622
11,669
238,581
33420|(11,493)
8,293
(1,003,543)
10,940| |Net cash provided
by/(used|in) investing||activities|287,092|(995,803)| |Change in cash and cash equivalents||in|the||| |reporting period
Cash and cash equivalents|at tbe beginning|||61,257|(566,249)| |ofthe reporting
period||||151,627|717,876| |Cash and cash equivalents|at the end|ofthe|||| |reporting
period||||212,884|151,627| ## ## |
ACTIVITIES|
|O|PERATING| |---|---|---|---| |||2020
f|2019| |Net (expenditure)/income
ofFinancial Activities)
Adjustments
for:|for the reporting period (asper the Statement|(183,535)|419,450| |Profit on disposal offixed assets
Interest received
Decrease in debtors
Decrease in creditors||(3,622)
(33,220)
(5,458)|(8,293)
(10,940)
60,026
(30,689)| |Net cash (used in)/provided|by operations|(225,835)|429,554| ## ## ||||At 1.1.20|Cash flow|At 31.12.20| |---|---|---|---|---|---| |Net cash|||||| |Cash at|bank and|in hand|151,627|61,257|212)884| ||||151,627|61,257|212,$84| |Liquid|resources||||| |Deposits|included|in cash|||| |Current|asset investments||1,065,412|(238,581)|826,$31| ||||1,065,412|(238,581)|826,831| |Total|||1,217,039|(177324)|1,039715| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |VOLUNT|ARY INCOME||||| |---|---|---|---|---|---| |||||2020|2019| |||Unrestricted|Restricted|Total|Total| |Planned giving
Collection at services
Donations
and appeals
Income tax recoverable
Grants
Legacies||funds
f
198,078
7,319
51,382
57,906
12,188
20,222|funds|funds
198,078
7&319
51,382
57,906
12&188
20422|funds
f
186,200
31,402
31,174
29,368
544,488| |||347,095||347,095|822,632| ## ## |ACTI|VITIES FOR GENERA|TING
FUNDS|||| |---|---|---|---|---|---| |||||2020|2019| |||Unrestricted|Restricted|Total|Total| |Room
Other|hire|funds
f
13,111
400|funds|funds
13&111
400|funds
f
34,995
45| |||13,511||13,511|35,040| ## |4.|INVESTMENT INCOME|||||| |---|---|---|---|---|---|---| ||||||2020|2019| ||||Unrestricted|Restricted|Total|Total| ||||funds|fuads|funds|funds| ||Interest received and Reatai income||33,220||33,220|10,940| |5.|INCOME FROM CHARITABLE ACTIVITIES|||||| ||||||2020|2019| |||Activity||||| ||Fees|Church Activities|||7,224|7,807| |6.|CHARITABLE ACTIVITIES COSTS|||||| ||||||Support|| |||||Direct|costs (see|| |||||Costs
f|note 71|Totals| ||Church Activities|||585,795|2,412|588,207| |7.|SUPPORT COSTS|||||| |||||||Governance| |||||||costs| ||Church Activities|||||2,412| ## ## |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|funds| |INCOMING RESOURCES FROM||||8| |CHARITABLE ACTIVITIES FROM||||| |Voluntary
income||822,632||822,632| |Charitable
activities||||| |Church Activities||7,807||7,807| |Activities for generating
Investment
income
Other income|funds|35,040
10,940
8,293||35,040
10,940
8,293| |Total||884,712||884,712| |EXPENDITURE ON||||| |Charitable
activities||||| |Church Activities||465,262||465,262| |NET INCOME||419,450||419,450| |Transfers
between
funds||62,809|(62,808)|1| |Net movement
in funds||482,259|(62,808)|419,451| |RECONCILIATION
OFFUNDS||||| |Total funds brought forward||574,780|863,634|1,438,414| |TOTAL FUNDS CARRIED FORWARD||1,057,039|800,826|1,857,865| ## ## ## ||||Moveable||| |---|---|---|---|---|---| ||Freehold|Plant and|church||| ||property
f|machinery|furnishings|Equipment
f|Totals| |Cost|||||| |At I January 2020 and|||||| |31December 2020|634,617|1,291|74,426|29,695|740,029| |Depreciation|||||| |At I January 2020
Charge for year||1,291|62,757
11,669|29,695|93,743
11,669| |At 31 December 2020||19291|74,426|29,695|105,412| |Net book value|||||| |At 31December 2020|634,617||||634,617| |At 31December 2019|634,617||11,669||646,286| |Freehold land and property|||||| |Freehold land|||||| |Rear ofQueen Street|||||16,057| |Freehold property|||||| |Broadwater
centre
Clergy houses|||1987||140,682| |67 Normandy
Road
37Angola Road
53 Lavington
Road|||1995
1997
2008|93,804
145,698
238,376|477,878| |TOTAL|||||634,617| ## ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| ||Fixed Rate Interest Deposits|||||f
826,831|f
1,065,412| |12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONK||||YEAR||| |||||||2020|2019| ||Other creditors|||||2|f
5,460| |13.|MOVEMENT IN FUNDS||||||| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.1.20
f|in funds
f|funds
f|31.12.20| ||Unrestricted
funds||||||| ||Unrestricted
-General
Designated - Quinquennial||and|922,039|(183,535)|1447174|882,678| ||Audio/Visual|||135,000||(21,093)|113,907| ||Restricted
funds|||1,057,039|(183,535)|123,081|996,585| ||Restricted - StMary's Re-ordering
Restricted - Parish Youth Work
Restricted - Childrens
Pastor Salary
562,482
238,344|||||(85,948)
(44,633)
7&500|476,534
193,711
7,500| |||||800,826||(123,081)|677,745| ||TOTAL FUNDS|||1,857,865|(183,535)||1,674,330| ||Net movement
in funds, included|||in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources
f|expended|in funds| ||Unrestricted
funds||||||| ||Unrestricted
-General||||404,672|(588,207)|(183,535)| ||TOTAL FUNDS||||404)672|(588,207)|(183,535)| ## ## ## |||Net|Transfers|| |---|---|---|---|---| |||movement|between|At| ||At 1.1.19|in funds|funds|31.12.19| |Unrestricted
funds||||| |Unrestricted
-General
Designated - Quinquennial
and|549,740|419,450|(47,151)|922,039| |Audio/Visual|25,040||109,960|135,000| |Restricted
funds|574,780|419,450|62,809|1,057,039| |Restricted - StMary's Re-ordering
Restricted - PCC Queen Street Land
Restricted - PCC Hosanna
Team Vicar's|314,546
16,057||247,936
(16,057)|562,482| |House
Restricted - StStephens Rewire fund
Restricted - StStephens Children
fund
Restricted - St Stephens BARFund
Restricted - StStephens
Green Hills Trust
Restricted - St Stephens RLFund
Restricted - Queen Street Youth Work
Restricted - StMary's Our Space
Restricted - St Stephens ABC fund
Restricted - St Stephens All Branch fund
Restricted - StStephens Messy Church fund
Restricted - StStephens RG I'und
Restricted - Parish Youth Work
Restricted - StMary's Reordering
Fund|125,828
807
71
220
317
1,091
1,214
956
187
520
509
900
411
400,000||(125,828)
(807)
(71)
(220)
(317)
(1,091)
(1,214)
(956)
(187)
(520)
(509)
(900)
237,933
(400,000)|238,344| ||863,634||(62,808)|800,826| |TOTAL FUNDS|1,438,414|419,450||1,857,865| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources
f|expended
f|in funds| |Unrestricted|funds|||| |Unrestricted|-General|884,712|(465,262)|419,450| |TOTAL FUNDS||884,712|(465,262)|419,450| ## |||Net|Transfers|| |---|---|---|---|---| |||movement|between|At| ||At 1.1.19|in funds|funds|31.12.20| ||||f|| |Unrestricted
funds||||| |Unrestricted
-General
Designated - Quinquennial
and|549,740|235,915|97,023|882,678| |Audio/Visual|25,040||88,867|113,907| |Restricted funds|574,780|235,915|185,890|996,585| |Restricted - StMary's Re-ordering
Restricted - PCC Queen Street Land
Restricted - PCC Hosanna Team Vicar's|314,546
16,057||161,988
(16,057)|476,534| |House
Restricted - St Stephens Rewire fund
Restricted - St Stephens Children
fund
Restricted - StStephens BAR Fund
Restricted - St Stephens Green Hills Trust
Restricted - St Stephens RLFund
Restricted - Queen Street Youth Work
Restricted - StMary's Our Space
Restricted - St Stephens ABC fund
Restricted - StStephens All Branch fund
Restricted - St Stephens Messy Church fund
Restricted - St Stephens RG fund
Restricted - Parish Youth Work
Restricted - StMary's Reordering
Fund
Restricted - Childrens
Pastor Salary|125,828
807
71
220
317
1,091
1,214
956
187
520
509
900
411
400,000||(125,828)
(807)
(71)
(220)
(317)
(1,091)
(1,2 14)
(956)
(187)
(520)
(509)
(900)
193,300
(400,000)
7,500|193,711
7,500| ||863,634||(185,889)|677,745| |TOTAL FUNDS|1,438,414|235,915||1,674,330| ## ## |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||||8| |Unrestricted|funds|||| |Unrestricted|-General|1,289,384|(1,053,469)|235,915| |TOTAL FUNDS||1,289,384|(1,053,469)|235,915| ## ## ## ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds
0|funds|fundsf|funds| |INCOMING RESOURCES FROM CHARITABLE ACTIVITIES|||||| |Voluntary
income|||||| |Planned giving
Collection at services
Donations and appeals
Income tax recoverable
Grants
Legacies||198,078
7419
51&382
57,906
12,188
20,222||198,078
7,319
51,382
57,906
12,188
20,222|186,200
31,402
31,174
29,368
544,488| |||347,095||347,095|822,632| |Activities for generating|funds||||| |Room hire
Other||13,111
400||13,111
400|34,995
45| |||13,511||13,511|35,040| |Investment
income|||||| |Interest received and Rental income||33420||33,220|10,940| |Charitable
activities|||||| |Fees||7,224||7,224|7,807| |Other income|||||| |Other income||3,622||39622|8,293| |Totalincomlng
resources||404,672||404,672|884,712| |EXPENDITURE|||||| |Charitable
activities|||||| |Missionary
and charitable
Ministry costs
Church running
expenses
Oifice salaries
Carried forward|giving|21,824
144,430
101,967
106,471
374,692||21,824
144,430
101,967
106,471
374,692|14,689
158,000
Ii2,325
86,903
371,917| ## ## ||||2020|2019| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds
I|funds|funds|feeds| |Charitable
activides||||| |Brought forward
Light and heat
Maintenance,
Security &Repair
Administration
lasurance
Cleaning
Depreciation
Obligations
&subscriptions
Training staff
StMary's Re-Ordering|374,692
18,644
63,252
6,244
7,060
11,669
1348
102,886||374,692
18,644
63,252
6,244
7,060
11,669
1,348
102,886|371,917
28,807
14,581
5,800
5,337
85
15,755
4,060
84| ||585,795||585,795|446,426| |Support costs||||| |Governance
costs||||| |Accountancy
and legal fees|2,412||2,412|18,836| |Total resources expended|588,207||588,207|465,262| |Net income/(expenditure)|(183,535)||(183,535)|419,450|