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2020-12-31-accounts

Page
Trustees'
Report		 1 to 10
Report ofthe Independent
Auditors		 11 to 12
Statement of Financial Activities 13
Statement of Financial Position
Statement ofCash Flows 15
Notes to the Statement ofCash Flows 16
Notes to the Financial Statements 17 to 26

the date ofthis report ar e as set out below:
Officers
Rev M Hodgson Team Rector and Vicar St Mary' s
Rev C Gardner Team Vicar St Mark's
Rev S Edmonds Team Vicar St3ohn's
Rev Dr H Orchard Team Vicar St Matthew' s
Rev Y Koh to July 2020 Parish Curate
Rev N Bersweden Associate Priest: St Mary' s
Rev A Newman from Nov 2020 Parish Curate
Parish Wardens
Mr 3 Bush
Mr M Smith to Nov 2020
Ms Jane Austin from Nov 2020
Other Members ofthe Parochial Church Council
Mrs SCarter-Esdale StJohn's
Dr G Crafts St3ohn's
Mr N Harvey St Mary' s
Dr D Jennings St Mark's
Mr C3olly St3ohn's
Mr M Leeson From Nov 2020 St Mary's
Mr E Lambert from Oct 2021 St Mary's
Mrs 3 Long St3ohn's
Mr N Long to May 2021 St Mary's
Mrs A Merriman from Nov 2020 St Matthew' s
Mrs A Neilson to Nov 2020 St Mary's
Ms A Richardson from May 2021 St Mary's
Mrs H Surana from Nov 2020 to Sept 2021 St Mary's
Ms M-3 Taylor St Matthew' s
Mr CThompson St Matthew' s
Mrs P Thorvaldsen-Brits St Mark's
Mr W Varlow St Matthew' s
Mr N Wolff from 3uly 2021 St Mark's
Mr A Youel St Mark's
Mr TWheeler from May 2021 St Mary's
ExOfficio
Mrs F Hills to Nov 2020 Hon Parish Treasurer
Mrs C Porter from Dec 2020 to 3ul 2021 Hon Parish Treasurer
Miss EZiegler Insurance Officer
Mrs W Ziegler to 3une 2021 Secretary
Mr C Esdale from 3une 2021 Secretary

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2020 2019
restated
Notes E
FIXEDASSETS
Tangible assets 3,370,977 3,394,481
Investments
Investments 702,132 674,646
Investment
property		 2 015 DOO 1935 DDD
6,088,109 6,004,127
CURRENT ASSETS
Debtors 10 78,970 101,521
Cash at bank 1 D58464 1 D85 662
1,137,434 1,187,183
CREDITORS
Amounts
falling due within one year		 (55,071) (71,601)
NET CURRENT ASSETS 1 D82 363 1 115582
TOTAL ASSETS LESSCURRENT LIABILITIES 7,170,472 7,119,709
NET ASSETS 7 170472 7 119709
FUNDS 13
Restricted funds 3,117,613 2,980,585
Designated
funds		 179,028 179,028
Unrestricted
funds		 3873831 3 960 096
TOTAL FUNDS 7 17D472 7 119709

2020 2019
Notes f
Cash flows from operating
activities
Cash (used in)/generated
from operations		 1 ~121352) 143442
Net cash provided
by/(used
in) operating		 activities ~121352) 143442
Cash flows from investing
activities
Purchase oftangible
fixed assets
Purchase offixed asset investments
Dividends
and rent from investments		 94 154 (12,546)
(375,000)
81250
Net cash provided
by/(used
in) investing		 activities 94 154 ~306296)
Change
in cash and cash equivalents		 in
the reporting
period
Cash and cash equivalents
at the		 (27,198) (162,854)
beginning
ofthe reporting
period		 1085 662 1248 516
Cash and cash equivalents
at the end of
the reporting
period		 1058 464

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES OPERATING ACTIVITIES
2020
f		 2019
f
Net income for the reporting period (as per the Statement of
Financial Activities) 50,763 272,935
Adjustments
for:
Depreciation
charges		 23,504 22,248
Gains on investments (107,486) (52,858)
Dividends
and rent from investments		 (94,154) (81,250)
(Increase)/decrease in debtors 22,551 (50,532)
Increase/(decrease) in creditors ~16 53D 32 899
Net cash (used in)/provided by operations i121352) 143442
ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/20
f		 Cash flow
f		 At 31/12/20
f
Net cash
Cash at bank		 1 885 662 ~27 198 1 D58 464
Total 1 D85 662 ~27 198 1 D58 464

Fund accounting
General funds represent funds that are not subject to any restrictions
regarding		 their use and can be
used
in accordance
with		 the charitable objectives at the discretion ofthe trustees.
Designated		 funds
are unrestricted
funds		 which have been set aside
by		 the trustees for specific purposes. Restricted
funds can only be used for particular restricted purposes within the objects ofthe charity. Restrictions
arise when specified
by
of restricted
funds are		 the donor or when
shown
in Note 13.		 funds are raised for particular
Endowment
funds are funds,		 restricted
purposes.
Details
which
require the capital to
be kept intact,
and
only		 the income generated
by those		 funds can be used, either for general or
restricted
purposes.
The		 income from the property
held by		 the Galustian Trust is to be used for such
ecclesiastical
purposes		 as the PCC may from time to time determine.
Financial instruments
Amounts
owed to the General		 Parochial Fund or to the Churches at 31 December in respect offees,
rents
or other
income		 are shown as debtors
less		 any provision
for		 amounts
that		 may prove
irrecoverable.
Short term		 deposits include cash
held		 on deposit: either with the Central
Board		 of
Finance or at the bank.
2. INCOME AND ENDOWMENTS FROM
Unrestricted Restricted Total Total
Funds Funds 2020 2019
E
2(a) Voluntary
income
Gift Aid donations 379,794 24,462 404,256 359,422
Income Tax Recoverable 98,754 98,754 89,273
Legacies 4,000 4,000 444,975
Grants 2,000 2,000 18,114
Donations,
appeals etc		 8,145
Collections 14018 5 154 19172 58 353
498 566 29 616 528 182 978 282
2(b) Investments
Rents received 17,271 55,800 73,071 67,547
Dividends
and interest from		 investments 20816 267 21083 13703
38087 56 067 94 154 81250
2(c) Church activities
Church
hall income
Fees received		 187,449
10564		 187,449
10564		 351,190
11659
198013 198013 362 849
2(cl) Activities for generating funds
Fetes, bazaars, concerts etc 5,720 5,720 17,909
Tennis foitnight 47,140
Magazine
and bookstall		 income 130 130 139
5 850 5 850 65 188
2(e) Other income
Social activities
Insurance
claims
Government
grants receivable		 - CjRS 6,501
22 806		 12,368 18,869
22 806		 3,537
3,001
29307 12 368 41 675 6 538
Total income %8+51

EXPENDITURE ON
Unrestricted Restricted Total Total
Funds Fundsf 2020
E		 2019
E
3(a) Raising funds
Fundraising
3(b) Church activities
Wages and other staffing costs 143,654 143,654 160,698
Social security 5,474 5,474 5,858
Pensions 2,966 2,966 1,851
Charitable
giving		 4,597 4,597 168,520
Parish Support
Fund		 383,517 383,517 417,382
Clergy and staff expenses . 58,684 58,684 57,648
Clergy housing 44,786 44,786 40,743
Church
running
expenses		 96,784 8,837 105,621 141,578
Church
utilities		 32,459 32,459 39,165
Property
maintenance		 50,074 1,806 51,880 92,573
Depreciation 9,830 13,672 23,502 22,248
Church
hall expenses		 17,535 17,535 23,074
Church
hall utilities		 4,877 4,877 10,955
Church
hall repairs		 19846
855,237 24,315 879,552 1,201,339
Support costs
Insurance 3,220 3,220 3,129
Printing
and stationery		 5,639 5,639 6,343
Office equipment 5,731
Telecommunications 1,974 1,974 4,028
Payroll administration 1,752 1,752 1,632
Other church
running		 expenses 14,973 14,973 36,731
Other expenses 1482
27,558 27,558 59,076
Governance costs
Audit and accountancy 15288 15 28D 7 2DD
Total church activities 898~5

2020
f		 2019
f
Fair value
At 1January 2020 674,646 246,788
Purchase of investments 375,000
Unrealised gain 27486 52 858
At 31 December 2020 702 132 674 646
f 2020
f		 2019
f
Cost Value
Value
General
Parochial
Fund
7,197.06 The CBFChurch of England Investment Fund 6,667 147,156 137,651
48,200 MKG Charifund 6,667 27,192 32,899
4,100AXA Framlington UK Select Opportunities 6,666 80,278 84,296
St Mark's
1,299 12 The CBFChurch of England Investment Fund 10,000 26,563 24,847
6,35526 The CBF Fixed Interest Securities Fund 10,000 10,750 10,389
St Mary's
6,687.21 The CBF Church of England Investment Fund 125,000 136,730 128,188
13,374.42 The CBFChurch of England Investment Fund 250,000 273,463 256,376
415000 702 132 674646

FAIR VALUE
At 1January
2020		 1,935,000
Revaluation 80 DOD
At 31 December 2020 2 015 DDD
NET BOOK VALUE
At 31 December 2020 2 015 DOD
At 31December 2019 1935000.

10. DEBTORS:AMOUNTS FA LLING DUE WITHIN ONE YEAR
2020
f		 2019
f
Income tax recoverable 30,975 35,023
Other debtors and prepayments 47995 66 498
78970 101521
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
f		 2019
f
Charitable
giving		 9,190
Other creditors and accruals ~55 071 ~62411
~55 071 ~71601

2020
Designated General Restricted Total
funds
f		 funds
f		 funds
f		 funds
f
Fixed assets 2,933,473 437,504 3,370,977
Investments 428,669 2,288,463 2,717,132
Current
Current		 assets
liabilities		 179,028 566,760
~55071)		 391,646 1,137,434
~55071)
179028 3 873831 3117613 7 17D472
2019
Designated General Restricted Total
funds funds funds funds
f f restated
f
Fixed assets 2,943,305 451,176 3,394,481
Investments 418,270 2,191,376 2,609,646
Current
Current		 assets
liabilities		 179,028 658,982
~60461)		 349,173
~11140)		 1,187,183
~71601)
179028 3 960 D96 2 98D 585 7 119709

At At
1/1/20
f		 Income
f		 Expenditure
f		 Gains
f		 Transfers
f		 31/12/20
f
Restricted funds
Galustian 1,983,769 55,800 (1,806) 80,000 (32,605) 2,085,158
St Mary' s 239,731 11,428 (5) 251,154
Spire 8,700 940 (997) 8,643
Garden
Hall		 454,822 (13,672) 441,150
St: john's 30,583 29,883 (1,190) 59,276
St Matthew' s 5,231 (2,295) 2,936
Parish Warden Fund 1,373 1,373
Charles
Eglington		 bequest 256 376 (5,540) 17087 267923
2 980585 98051 (25,505) 97087 32 605 3 117613
Designated funds
Legacy Fund 179028 179028
Unrestricted
General		 funds 3960096 769 823 (899092) 10399, 32 605 3873831
Total funds 7 119709 867 874 (924,597) 107486 7 170472
At At
1/1/19 31/12/19
restated
f		 Income
f		 Expenditure
f		 Gainsf Transfers
f		 Restated
f
Restricted funds
Galustian 1,952,581 56,480 (25,292) 1,983,769
St Mary' s 301,443 71,493 (133,205) 239,731-
Spire 8,700 8,700
Garden
Hall		 468,494 (13,672) '}54,822
Legacy fund 44,053 (44,053)
St john' s 18,862 11,721 30,583
St Matthew' s 5,578 753 (1,100) 5,231
Parish Warden Fund 1,416 (43) 1,373
Charles
Eglington		 bequest 250 000 6 376 256 376
2 801 127 390 447 (»3,312) 6 376 (44,053) 2 980 585
Designated funds
Legacy Fund 134 975 44 053 179028
Unrestricted funds
General 3,893,415 968,685 (982,506) 46,482 34,020 3,960,096
Charitable
giving		 152232 (118,212) (34,020)
4 045 647 968 685 (1,100,718) 46 482 3960096
Totaifunds 6 846 774 1494 107 (1,274,030) 52 858 7 119709