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