| Report ofthe Trustees | 1 | to | 2 | |
|---|---|---|---|---|
| Independent Esaminerh |
Repast | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes tothe Financial Statements | 6 | to | 16 | |
| Detailed Statement ofFinancial Acfivlties | 17 | to | 18 |
| forthe | year ended | 31December 20 | 20 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| iinrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| Notes | |||||||||
| INCOME | AND ENDOWIVKNTS FROM | ||||||||
| Donations | and legacies | 121,017 | 31,470 | 152,487 | 126,087 | ||||
| Charitable | acfivities | ||||||||
| Income fi | om Charitable | and ancillary | activity | 74,709 | 74,709 | 140,181 | |||
| Investment | income | 2 | 20,817 | 5,512 | 26,329 | 28,044 | |||
| Other income | 30,598 | 30,598 | 717 | ||||||
| Total | 247,141 | 36,982 | 284,123 | 295,029 | |||||
| EXPENDITURE ON | |||||||||
| Charitable | acbvities | ||||||||
| Missions | Giving | 9,373 | 9,373 | 8,818 | |||||
| Activities | directly relating to the work | ofthe | |||||||
| church | 207,958 | 1,031 | 208,989 | 243,564 | |||||
| Church Management | and administration | 74,695 | 74,695 | 93,055 | |||||
| Total | 292,026 | 1,031 | 293,057 | 345,437 | |||||
| Net gains | on investments | 82,562 | 21,759 | 104,321 | 139,885 | ||||
| NET INCOME | 37,677 | 57,710 | 95,387 | 89,477 | |||||
| RECONCILIATION | OFFUNDS | ||||||||
| Toad feeds bmaght forward | 1,516,022 | 249,167 | 1,765,189 | 1,675,712 | |||||
| TOTAL FUNDS CARRIED FORWARD | 1,553,699 | 306,877 | 1,860,576 | 1,765,189 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| HXED ASSETS | ||||||
| Tangible assets | 6 | 648,273 | 2,779 | 651,052 | 665,609 | |
| Investments | 7 | 709,217 | 204,562 | 913,779 | 809,457 | |
| 1,357,490 | 207,341 | 1,564,831 | 1,475,066 | |||
| CURRENT ASSETS | ||||||
| Stocks | 8 | 742 | 742 | 798 | ||
| Debtors | 9 | 7,541 | 8,450 | 15,991 | 31,355 | |
| Cash at bank and in hand | 253,188 | 91,796 | 344,984 | 339,917 | ||
| 261,471 | 100,246 | 361,717 | 372,070 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 10 | (65,262) | (710) | (65,972) | (81,947) |
| NKT CURRENT ASSETS | 196,209 | 99,536 | 295,745 | 290,123 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,553,699 | 306,877 | 1,860,576 | 1,765,189 | ||
| NKT ASSKTS | 1,553,699 | 306,877 | 1,860,576 | 1,765,189 | ||
| FUNDS | ||||||
| Unrestricted funds |
1,553,699 | 1,516,022 | ||||
| Restricted funds | 306,877 | 249,167 | ||||
| TOTAL FUNDS | 1,860,576 | 1,765,189 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2020 | 2019 | |
| Other fixed asset invest - FII | 25,180 | 24,676 |
| Deposit account interest | 1,149 | 3,368 |
| 26,329 | 28,044 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Wages and salaries | 65,430 | 80,042 | ||||||
| Social security costs | 1,155 | 2,802 | ||||||
| Other pension costs | 1,183 | 1,378 | ||||||
| 67,768 | 84,222 | |||||||
| The average monthly | number | ofemployees | during the year | was as follows: | ||||
| 2020 | 2019 | |||||||
| 4 | ||||||||
| No employees received emoluments |
in excess of660,000. | |||||||
| The above includes payments | for the | Verger | and for Secretarial support. | |||||
| The honorariums for |
the Choirmaster | and Organist are included under costs for Choir and Music. | ||||||
| The salary for the Children and Families worker is included under the costs for Children COMPARATIVKS FORTHE STATEMENT OFFINANCIALA~ |
and Families. | |||||||
| Unrestricted | Restricted | Total | ||||||
| funds | funds | funds | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies |
116,871 | 9,216 | 126,087 | |||||
| Charitable activities |
||||||||
| Income from Charitable and |
ancillary | activity | 140,181 | 140,181 | ||||
| Investment income |
21,293 | 6,751 | 28,044 | |||||
| Other income | 717 | 717 | ||||||
| Total | 279,062 | 15,967 | 295,029 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Missions Giving | 8,818 | 8,818 | ||||||
| Activities directly relating to |
the work | ofthe | ||||||
| church | 197,058 | 46,506 | 243,564 | |||||
| Church Management | and administration | 93,055 | 93,055 | |||||
| Total | 298,931 | 46,506 | 345,437 | |||||
| Net gains on investments | 104,673 | 35,212 | 139,885 | |||||
| NKT INCOME | 84,804 | 4,673 | 89,477 |
| COMPA RATIVES FORTHE STATEMENT OFFINAN | CIAL ACTIVITIES —continu | ed | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| Transfers between funds |
7,406 | (7,406) | ||
| Net movement in funds |
92,210 | (2,733) | 89,477 | |
| RECONCILIATION OFFUNDS |
||||
| Total funds brought fonvanl | 1,423,812 | 251,900 | 1,675,712 | |
| TOTAL FUNDS CARRIED FORWARD | 1,516,022 | 249,167 | 1,765,189 | |
| 6. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| Freehold | slid | |||
| property | fittings | Totals | ||
| 8 | ||||
| COST | ||||
| At 1 January 2020 | 463,523 | 288,328 | 751,851 | |
| Additions | 6,903 | 6,903 | ||
| At 31December 2020 | 463,523 | 295,231 | 758,754 | |
| DEPRECIATION | ||||
| At 1 January 2020 | 40,710 | 45,532 | 86,242 | |
| Charge for year | 3,540 | 17,920 | 21,460 | |
| At 31December 2020 | 44,250 | 63,452 | 107,702 | |
| NET BOOKVALUE | ||||
| At 31December 2020 | 419,273 | 231,779 | 651,052 | |
| At 31December 2019 | 422,813 | 242,796 | 665,609 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| MARKET VALUE | ||||
| At 1 January 2020 | 809,458 | |||
| Disposals | (I) | |||
| Revaluations | 104,322 | |||
| At 31December 2020 | 913,779 | |||
| NETBOOKVALUE | ||||
| At 31December 2020 | 913,779 | |||
| At 31December 2019 | 809,458 | |||
| There were no investment | assets outside the UK. | |||
| 8. | STOCKS | |||
| 2020 | 2019 | |||
| Stocks | 742 | 798 | ||
| 9. | DEBTORS:AMOUNTS | FALLING DUEWlTHIN ONE YEAR | ||
| 2020 | 2019 | |||
| Other debtors | 7,180 | 30,916 | ||
| Prepayments | 8,811 | 439 | ||
| 15,991 | 31,355 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Taxation and social | security | 785 | ||||
| Other creditors | 65,972 | 81,162 | ||||
| 65,972 | 81,947 | |||||
| MOVEMENT IN FUNDS | ||||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||
| Unrestricted funds |
||||||
| StMartins General | Fund | 203,180 | (44,527) | 26,344 | 184,997 | |
| St Martine investment | Fund | 448,358 | 71,716 | 520,074 | ||
| StMartins Property | Fund | 375,000 | 375,000 | |||
| StStephens General | Fund | 30,422 | 3,352 | 33,774 | ||
| Provision for Future | Repairs and | |||||
| redecoration | 68,716 | 10,991 | 79,707 | |||
| Designated Legacy |
fund (Henley) | 356,781 | (3,855 ) | (2,779) | 350,147 | |
| DesignatedLlegacy | fund (Wiltshire) | 23,565 | (23,565) | |||
| Designated Legacy | fund (Davison) | 10,000 | 10,000 | |||
| 1,516,022 | 37.677 | 1,553,699 | ||||
| Restricted funds | ||||||
| Legacy Fund | 8,416 | 31,653 | 40,069 | |||
| Organ Legacy | 146,717 | 16,193 | 162,910 | |||
| Fabric Legacy | 8,946 | 36 | 8,982 | |||
| Bell Renovation Fund |
10,104 | 1,616 | 11,720 | |||
| Memorial Garden |
4,132 | (637) | 3,495 | |||
| War Memorial | 1,598 | 1,598 | ||||
| Choir@.Organ Legacy | 68,487 | 8,846 | 77,333 | |||
| Saint Stephens Legacy | 767 | 3 | 770 | |||
| 249,167 | 57,710 | 306,877 | ||||
| TOTAL FUNDS | 1,765,189 | 95,387 | 1,860,576 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Uruestricted funds |
|||||
| StMartins General Fund | 227,128 | (287,577) | 15,922 | (44,527) | |
| StMartine Investment | Fund | 13,932 | 57,784 | 71,716 | |
| StStephens General Fund | 3,946 | (594) | 3,352 | ||
| Provision for Future Repaus and | |||||
| redecoration | 2,135 | 8,856 | 10,991 | ||
| Designated Legacy fund (Henley) |
(3,855) | (3,855) | |||
| 247,141 | (292,026) | 82,562 | 37,677 | ||
| Restricted funds | |||||
| Legacy Fund | 31,653 | 31,653 | |||
| Organ Legacy | 3,146 | 13,047 | 16,193 | ||
| Fabric Legacy | 36 | 36 | |||
| Bell Renovation Fund |
314 | 1,302 | 1,616 | ||
| Memorial Garden | I | (638) | (637) | ||
| Choir 6IOrgan Legacy | 1,829 | (393) | 7,410 | 8,846 | |
| Saint Stephens Legacy | 3 | 3 | |||
| 36,982 | (1,031) | 21,759 | 57,710 | ||
| TOTAL FUNDS | 284,123 | (293,057) | 104,321 | 95,387 |
| Compuattves form |
ove | ment in funds |
||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.19 | in funds | funds | 31.12.19 | |||
| Umestricted funds |
||||||
| St Martine General | Fund | (8,433) | 183,556 | 28,057 | 203,180 | |
| StMartins Investment | Fund | 341,266 | 107,092 | 448,358 | ||
| StMartins Property | Fund | 375,000 | 375,000 | |||
| StStephens General | Fund | 29,553 | 869 | 30,422 | ||
| Provision for Future | Repairs and | |||||
| redecoration | 64,277 | 18,716 | (14,277) | 68,716 | ||
| Designated Legacy |
fund (Henley) | 441,942 | (78,787) | (6,374) | 356,781 | |
| DesignatedLlegacy | fund (Wiltshire) | 170,207 | (146,642 ) | 23,565 | ||
| Designated Legacy |
fund (Davison) | 10,000 | 10,000 | |||
| 1,423,812 | 84,804 | 7,406 | 1,516,022 | |||
| Restdcted fuads | ||||||
| Legacy Fund | 2,793 | 5,623 | 8,416 | |||
| Organ Legacy | 127,399 | 19,318 | 146,717 | |||
| Fabric Legacy | 40,002 | (31,056) | 8,946 | |||
| Bell Renovation Fund |
8,214 | 1,890 | 10,104 | |||
| Piano Fund | (102) | 102 | ||||
| Memorial Garden |
5,311 | (1,179) | 4,132 | |||
| War Memorial | 1,598 | 1,598 | ||||
| Sound Fund | 2,467 | (2,467) | ||||
| Choir &Organ Legacy | 60,355 | 8,132 | 68,487 | |||
| Saint Stephens Legacy | 761 | 6 | 767 | |||
| Choir fund | 3,000 | 2,041 | (5,041) | |||
| 251,900 | 4,673 | (7,406) | 249,167 | |||
| TOTAL FUNDS | 1,675,712 | 89,477 | 1,765,189 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unmstricted funds |
||||||
| StMartine General | Fund | 253,353 | (69,797) | 183,556 | ||
| StMartins Investment | Fund | 18,331 | 88,761 | 107,092 | ||
| St Stephens General | Fund | 4,575 | (3,706) | 869 | ||
| Provision for Future | Repairs and | |||||
| redecoration | 2,804 | 15,912 | 18,716 | |||
| Designated Legacy | fund I Henley) | (78,787) | (78,787) | |||
| DesignatedLlegacy | fund (Wiltshire) | (146,641) | (146,642) | |||
| 279,062 | (298,931) | 104,673 | 84,804 | |||
| Restricted funds | ||||||
| Legacy Fund | 5,623 | 5,623 | ||||
| Organ Legacy | 3,598 | (2,996) | 18,716 | 19,318 | ||
| Fabric Legacy | 2,653 | (39,013) | 5,304 | (31,056) | ||
| Bell Renovation Fund |
285 | 1,605 | 1,890 | |||
| Piano Fund | (102) | (102) | ||||
| Memorial Garden |
(1,179) | (1,179) | ||||
| Choir &Organ Legacy | 1,761 | (3,216) | 9,587 | 8,132 | ||
| Saint Stephens Legacy | 6 | 6 | ||||
| Choir fund | 2,041 | 2,041 | ||||
| 15,967 | (46,506) | 35,212 | 4,673 | |||
| TOTAL FUNDS | 295,029 | (345,437) | 139,885 | 89,477 |
| forthe year ended 31Decembe | r 2020 | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Giving subject to Gift Aid | 86,834 | 86,751 | ||
| Tax recoverable | 27,958 | 20,378 | ||
| Legacies | 31,470 | 5,623 | ||
| Collections | 1,227 | 8,156 | ||
| Sundry Donations | 4,998 | 5,179 | ||
| 152,487 | 126,087 | |||
| Investment income |
||||
| Other fixed asset invest - FII | 25,180 | 24,676 | ||
| Deposit account interest | 1,149 | 3,368 | ||
| 26,329 | 28,044 | |||
| Clmintbte activities |
||||
| PCCFees | 2,522 | 5,317 | ||
| Church house and income | &om Community | use | 20,207 | 57,599 |
| StJohn's Chandler Hall income | 38,400 | 50,720 | ||
| Magazine and St Martin's |
cards | 113 | 916 | |
| Mobile telephone mast rental |
12,880 | 13,070 | ||
| Fund Raising Activities | 587 | 12,559 | ||
| 74,709 | 140,181 | |||
| Other income | ||||
| Cofiee and photocopying | 176 | 717 | ||
| Gmnts | 30,422 | |||
| 30,598 | 717 | |||
| Toad incoming msources |
284,123 | 295,029 | ||
| Charitable activities |
||||
| Wages | 58,324 | 58,167 | ||
| Social security | 1,155 | 1,516 | ||
| Pensions | 1,183 | 1,101 | ||
| Telephone | 2,041 | 2,131 | ||
| Carried forward | 62,703 | 62,915 |
| forthe year ended 31Dece | mber 2020 | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Charitable activities |
|||
| Brought forward | 62,703 | 62,915 | |
| Postage and stationery | 3,272 | 4,799 | |
| Sundries | (1) | ||
| Church overseas | 4,353 | 2,344 | |
| Home mission and other Church Societies | 5,020 | 6,474 | |
| Minisny - Parish share | 99,029 | 101,443 | |
| Ministry - Clergy expenses | 9,487 | 9,843 | |
| Ministry - Sanctuary and Service Costs |
738 | 3,389 | |
| Ministry —Choir tk Music |
13,087 | 17,074 | |
| Parish activities - Training | and courses | 1.585 | 6,857 |
| Magazine and card stall costs |
201 | 1,125 | |
| Property costs —Church repairs | 20,129 | 35,021 | |
| Property costs - Upkeep of | other buildings | 14,006 | 29,710 |
| Light, heat, rates and insurance | 17,042 | 24,826 | |
| Depreciation | 21,460 | 11,902 | |
| Bank charges | 652 | 929 | |
| Equipment maintenance |
11,474 | 4,627 | |
| Sundry expenses | 687 | 1,123 | |
| Children and Families |
363 | 15,862 | |
| Covid related expenses | 3,490 | ||
| 288,778 | 340,262 | ||
| Support costs | |||
| Governance costs |
|||
| Accountancy and legal fees |
2,816 | 5,175 | |
| Bookkeeping services | 1,463 | ||
| 4,279 | 5,175 | ||
| Total resources expended | 293,057 | 345,437 | |
| Net expenditme | (8,934) | (50,408) |