| Table of Contents |
Page Number |
| Trustees Report |
2-5 |
| Independent Examiners Report |
|
| Statement of Financial Activities |
|
| Balance Sheet |
|
| Notes to the Financial Statements |
9-16 |
| Clergy: |
Rev Christopher Parsons (Chairman) |
Rev Christopher Parsons (Chairman) |
| Churchwardens: |
Mr David Burgess |
(2018 onwards) |
|
Mr Adrian Hare
Mr Martin Wright |
(2011 onwards) (Vice Chairman from May 2021)
(2017 onwarcls) |
|
Mrs Helen Perry |
(October 2020 onwards) |
| Deanery Synod: |
Mrs Jane Cameron |
(2018-2023) |
|
Mrs Helen Perry |
(2017-2023) |
| Mr Robert Perry, ex-officio |
Mr Martin Wright
member, elected representative on |
\ _ --_-I
Diocesan Synod
(2019-2023) |
| Elected members: |
Mr Arthur carveth |
|
|
|
(2018-2021 / 2021 -2022) |
|
Mr David Lovelock |
(October 2020-2023) |
|
Mr Brian MacKenley |
(May 2021-2024) |
|
Mrs Ann Myles |
(May 2021-March 2022) |
|
Mr lvan Myles |
(May 2021-2024) |
|
MrJohn Richardson |
(2017-2023) |
|
Mrs Mary Ann Trethewey |
(October 2020-2023) |
|
Mr chris \^/ells (Vice-chairman) |
(2018-2021 / 2021-2022) |
|
Mrs Maureen Woodhouse |
(2019-2022) |
|
Unrestricted |
U nrestricted |
Restricted |
E ndo wment |
Total |
2020 |
|
Funds |
Designated |
Funds |
Funds |
2021 |
|
|
|
Funds |
|
|
|
|
|
|
|
|
££ |
|
|
| INCOME AND ENDOWMENTS |
|
|
|
|
|
|
| Voluntary income |
56,917 |
19,399 |
29,217 |
|
105,533 |
|
| Activities for generating funds |
105 |
|
|
|
105 |
|
| Church Activities |
|
|
|
|
6,779 |
|
| Income from Investments |
|
|
636 |
527 |
6'797 |
|
| TOTAL INCOME |
69,435 |
19,399 |
29,853 |
527 |
119,214 |
|
| EXPENDITURE |
|
|
|
|
|
|
| Church activities |
88,137 |
|
15,683 |
|
103,820 |
85,464 |
| TOTAL EXPENDITURE |
|
0 |
15,683 |
0 |
103'820 |
|
| NET (EXPENDITURE) / INCOME BEFORE |
|
|
|
|
|
|
| INVESTMENT GAI NS |
( 18,702) |
19,399 |
14,170 |
527 |
15,394 |
|
| NET GAINS ON INVESTMENTS |
6 26,678 |
|
4,617 |
1,011 |
32,306 |
|
| NET INCOME / (EXPENDITURE) |
7,976 |
19,399 |
18,787 |
1,538 |
47,700 |
19,551 |
| TRANSFER BETWEEN FUNDS |
5 218,375 |
(217,241) |
(2,265) |
1,131 |
|
|
| NET MOVEMENT IN FUNDS |
226,351 |
(197,842) |
16,522 |
2,669 |
47,700 |
19,551 |
| TOTAL FU NDS BROU GHT FORWARD |
|
|
|
r |
|
|
| (NETOFPRIORYEARADJUSTMENT) |
12 2,525 |
216,838 |
95,818 |
19,583 |
334,764 |
|
|
|
|
|
|
|
325,213 |
| TOTAL FU N DS CARRIED FORWARD |
11 Z28,876 |
|
llZ,340 |
22,252 |
382,464 |
|
|
Notes |
|
|
| FIXED ASSETS |
|
|
|
| I nvestme nts |
|
334,553 |
302,247 |
| CURRENT ASSETS |
|
|
|
| Debtors and prepayments |
|
6,534 |
6,149 |
| Cash at Bank and in Hand |
|
46,222 |
29,917 |
| TOTAL ASSETS |
|
387,309 |
338,313 |
| LIABILITIES |
|
|
|
| Creditors falling due within one year |
|
4,845 |
3,549 |
| TOTAL NET ASSETS |
|
382,464 |
334,764 |
| PARISH FUNDS |
|
|
|
| u nrestricted |
|
228,876 |
2,525 |
| U nrestricted Designated |
|
18,996 |
216,838 |
| Restricted |
|
112,340 |
95,818 |
| Endowment |
|
22,252 |
19,583 |
|
|
382,464 |
334,764 |
|
|
INCOME AND ENDOWMENTS |
|
|
|
|
|
|
|
U nrestricted U nrestricted Restricted Endowment Total 2021 2020 |
|
|
|
|
|
|
Funds |
Designated Funds Funds |
|
|
|
|
|
|
Funds££ |
|
££ |
| 1 |
a) |
Voluntary Income |
|
|
|
|
|
|
Planned Giving |
|
|
|
|
|
|
Gift Aid donations |
|
|
|
T] I y%2 2:£]2A |
|
|
Tax Recoverable |
|
|
|
9,070 9,528 |
|
|
Other |
|
17,681 |
|
25,036 8,545 |
|
|
Collections (open plate) |
|
|
|
5,946 5,198 |
|
|
Donations, ADDeals, Grants etc |
|
|
|
|
|
|
Lychgate Donations |
|
|
|
100 1,000 |
|
|
Other Do nations |
|
|
|
2,848 3,175 |
|
|
Ra hey Trust |
|
|
|
15,899 16,393 |
|
|
Legacies |
|
10,000 |
|
15,500 |
|
|
Sumup |
|
|
|
1'183 400 |
|
|
HMRC Gov't Covid Grant |
|
|
|
433 133 |
|
|
Fabric Fund -organ fees |
|
|
|
960 360 |
|
|
Choir Funds |
|
|
|
5760 |
|
|
|
|
19,399 |
29,217 |
0 105,533 74,456 |
| 1 |
b) |
Activities for Generating Funds |
|
|
|
|
|
|
Magazine sa les |
|
|
|
1054 |
|
|
|
|
|
|
1054 |
| 1 |
c) |
Income from Church Activities |
|
|
|
|
|
|
Church and hall hire fees |
|
|
|
085 |
|
|
Clergy fees -weddings/funera ls |
|
|
|
6,624 3,075 |
|
|
Heating -weddings/funerals |
|
|
|
0165 |
|
|
Administration -wedds/funerals |
|
|
|
155 106 |
|
|
|
|
|
|
6,779 3,431 |
| 1 |
d) |
Income fi.om Investments |
|
|
|
|
|
|
Kenvyn |
|
|
|
|
|
|
CCLA Deposit Account Interest |
|
|
|
|
|
|
Miss Noon |
|
|
636 |
|
|
|
All Saints House |
|
|
|
|
|
|
ldless |
|
|
|
|
|
|
St Allen |
|
|
|
|
|
|
CCLA Deposit Account Interest |
|
|
|
547 |
|
|
Lanyon St Allen ( E ) |
|
|
|
37 37 47 |
|
|
|
|
0636 |
|
r5I] 6 ]rJri 6 ]yF] |
|
|
D!Q |
E - at the end of each financial |
year the |
Trustees of the Rabey Fund will decide on the use of the Rabey income for the following |
|
|
|
financial year. For 2021 and 2022 it was agreed that the income be allocated to the PCC, prioritising St AIIen expenses for its use. |
|
|
|
|
|
|
Total Income |
69,435 19,399 |
|
29,853 |
527 119,214 84,686 |
|
Unrestricted |
unrestricted Restricted |
Endowment |
Total2021 Total2020 |
|
Funds |
Designated Funds |
Funds |
|
|
I |
Funds££ |
£££ |
|
| Church Activities |
|
|
|
|
| Ministry : Diocesan parish share |
|
|
|
|
|
|
|
|
63,025 62,734 |
| Other ministry costs |
|
|
|
|
|
|
|
|
4,745 4,771 |
| Church Running and Maintenance |
|
|
|
|
|
|
|
|
11,601 12,139 |
| Church Repairs |
|
15,203 |
|
22,352 4,588 |
| Lychgate Costs |
|
|
|
|
|
|
|
|
72 0 942 |
| Charitable Donations |
|
|
|
|
|
|
|
|
496 215 |
| Independent Examination Fee |
|
|
|
|
|
|
|
|
4000 |
| Other Payments |
|
|
|
|
|
|
|
|
481 75 |
| Total Resourees Expended |
|
|
|
|
|
|
|
|
103,820 |
|
|
2021 2020 |
2021 2020 |
|
|
££ |
|
| ote Support Costs |
Staff salaries, fees, honorarium |
5,440 |
4,771 |
|
Administration |
1,481 |
1,213 |
|
Tota I suppo rt costs |
6,921 |
5,984 |
| Governance Costs |
|
|
|
|
|
|
|
|
U nrestricted |
Unrestricted |
Restricted Endowment |
Restricted Endowment |
|
|
|
|
|
Funds |
Designated |
Funds |
Funds |
|
|
|
|
|
|
Funds |
|
|
|
|
|
|
|
££ |
|
££ |
|
|
|
|
Redesignation of Parsonage and |
|
|
|
|
|
|
|
|
Miss Noon investments from |
|
|
|
|
|
|
|
|
Designated to U nrestricted |
|
195,437 |
(195,437) |
|
|
|
|
|
Redesignation Organ Fund and |
|
|
|
|
|
|
|
|
Kenwyn Tree from Designated to |
|
|
|
|
|
|
|
|
Restricted |
|
|
(4,283) |
4,283 |
|
|
|
|
Correction b/f ldless income from |
|
|
|
|
|
|
|
|
Restricted to Endowment |
|
|
|
(1,131) |
1,131 |
|
|
|
Transfers from designated income |
|
|
|
|
|
|
|
|
to cover costs |
|
22,938 |
(22,938) |
|
|
|
|
|
Transfer of restricted income to |
|
|
|
|
|
|
|
|
cover costs |
|
|
5,417 |
(5,417) |
|
| 6 |
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Freehold |
U nrestricted |
U nrestricted |
Restricted Endowment Total |
|
|
|
|
|
Property |
Funds |
Designated |
Funds |
Funds |
|
|
|
|
(unrestricted) |
|
Funds |
|
|
|
|
|
|
£ |
££ |
|
|
££ |
|
|
|
The Lychgate |
|
|
|
|
|
|
|
|
Notional Value 31 December 2020 |
10,000 |
|
|
|
|
|
|
|
Prior year adjustment (see note) |
(10,000) |
|
|
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
Market Value per accounts |
|
|
|
|
|
|
|
|
1 J a nua ry 21 |
|
|
195,437 |
87,754 |
19,056 302,247 |
|
|
|
Redeslgnatlon |
|
195,437 |
(195,437) |
|
|
|
|
|
Unrealised gains to |
|
|
|
|
|
|
|
|
31 December 2021 |
|
26,678 |
|
|
1,011 32,306 |
|
|
|
Market Value 31 December 2021 |
0 |
222,115 |
|
|
20,067 334,553 |
| 7 |
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
U nrestricted |
U nrestricted |
Restricted |
Endowment Total 2021 2020 |
|
|
|
|
|
Funds |
Designated |
Funds |
Funds |
|
|
7 |
a) |
Debtors and prepayments |
|
Funds |
|
|
|
|
|
|
|
|
|
|
|
££ |
|
|
|
Income Tax Due (Gift aid) |
|
|
|
|
1,545 1,574 |
|
|
|
Insurance (prepayment) |
|
|
|
|
2,931 2,682 |
|
|
|
Churchyard Maintenance |
|
|
|
|
205 |
|
|
|
Rabey Trust Income due |
|
1,329 |
|
|
1,329 1,370 |
|
|
|
Investment Income |
|
|
|
|
|
|
|
|
Miss Noon |
|
|
|
|
360 523 |
|
|
|
All Saints |
|
|
|
|
123 |
|
|
|
ldless |
|
|
|
4141 |
|
|
|
|
|
5,124 |
1,329 |
40 |
41 |
6,534 6,149 |
|
7 |
b) |
Bank and Cash |
|
|
|
|
|
|
|
|
Short Term deposits |
2,421 |
14,167 |
1,434 |
2,133 |
20,155 17,780 |
|
|
|
Barc:lays and Lloyds |
4,060 |
3,500 |
18,496 |
11 |
26,067 12,137 |
|
|
|
|
6,481 |
17,667 |
19,930 |
|
|
| LIABILITIES |
|
|
| Amounts falling due `^rithin one |
2021 |
2020 |
| year (all unrestrlcted funds) |
|
|
|
|
£ |
| Fees for Occasional Offices owed to Diocese |
723 |
783 |
| Sums owed but not yet paid |
2,659 |
1,684 |
| Charitable Donations |
210 |
|
| lndependentexamination |
500 |
300 |
| Electricity |
441 |
624 |
| Gas |
312 |
158 |
|
4,845 |
3,549 |
| 10 |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
At 1/1/21 |
N et |
Tra nsfers |
Investment Balance |
|
|
|
|
Movement in |
Between |
gains / 31/12/21 |
|
| 10a) |
2021
Unrestricted Funds |
|
Funds Funds
££ |
|
(IOsses)££ |
|
|
General Fund |
2,525 |
(18,702) |
22,938 |
|
6,761 |
|
Miss Noon investment |
|
|
128,402 |
18,463 146,865 |
|
|
All Saints House investment |
|
|
67,035 |
8,215 |
75,250 |
|
Tota I unrestricted 2,525 |
|
(18,702) |
218,375 |
26,678 228,876 |
|
|
Designated Funds |
|
|
|
|
|
|
Miss Noon investment |
128,402 |
|
(128,402) |
|
|
|
All Saints House investment |
67,035 |
|
(67,035) |
|
|
|
Wayleave |
|
3'500 |
|
|
3,500 |
|
Organ Fund |
4,233 |
|
(4,233) |
|
|
|
Kenwyn Tree Gift |
50 |
|
(50) |
|
|
|
Rabey monies held |
11,552 |
15,899 |
(11,955) |
15,496 |
|
|
Other |
5,566 |
|
(5,S66) |
|
|
|
Total Designated 216,838 |
|
19,399 |
|
0 18,996 |
|
|
Restricted Fu nds |
|
|
|
|
|
|
Miss Noon investment |
21,844 |
|
|
(3,375) |
18,469 |
|
Gill organ investment |
2,801 |
|
|
491 |
3,292 |
|
Kenwyn \Mndc)ws investment |
63,109 |
|
|
7,SC)1 |
70,610 |
|
Organ Fund |
|
583 |
4,233 |
|
4'816 |
|
Choir Fund |
492 |
351 |
|
|
843 |
|
Bell Fund |
4,395 |
2,600 |
(5,460) |
|
1,535 |
|
Kenwyn Graveyard |
1,000 |
|
|
|
1,000 |
|
Carlyon Legacy |
|
10,000 |
|
10,000 |
|
|
Flower Festival and Kenwyn Tree gift |
250 |
|
50 |
|
300 |
|
Investment income held |
1,927 |
636 |
(1,088) |
|
1,475 |
|
Total Restricted 95,818 |
|
14,170 |
(2,265) |
4,617 112,340 |
|
|
Endowment Funds |
|
|
|
|
|
|
ldless former Mission Church |
17,637 |
|
|
1,105 |
18,742 |
|
Lanyon (St. Allen) investment |
1,419 |
|
|
(94) |
1,325 |
|
Investment Income held |
527 |
527 |
1,131 |
|
2'185 |
|
Total Endowment 19,583 |
|
527 |
1,131 |
1,011 |
22,252 |
|
|
Total 334,764 |
15,394 |
|
32, 306 382,464 |
|
|
|
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
|
01/01/2020 |
Net |
Transfers |
I nvestment |
Balance |
|
|
|
|
|
Movement in |
Between |
gains / |
31/12/20 |
| 10 |
b} |
2020 comparative |
|
|
Funds |
Funds |
(losses) |
|
|
|
unrestricted Funds |
|
|
££ |
|
|
£ |
|
|
General Fund |
|
17,775 |
(27,988) |
22,738 |
|
12,525 |
|
|
Prior Year Adjustment (see Note) |
|
(10,000) |
|
|
|
(10,000) |
|
|
Total Unrestricted |
|
7,775 |
(27,988) |
22,738 |
0 |
2,525 |
|
|
Designated Funds |
|
|
|
|
|
|
|
|
Miss Noon investment |
|
120,log |
|
|
8,294 |
128,402 |
|
|
All Saints House investment |
|
62,960 |
|
|
4,075 |
67,035 |
|
|
Organ Fund |
|
4,262 |
(29) |
|
|
4,233 |
|
|
Kenwyn Tree Gift |
|
50 |
|
|
|
|
|
|
Rabey monies held |
|
16,117 |
16,393 |
(20,959) |
|
|
|
|
Other |
|
1,826 |
5,448 |
(1,707) |
|
|
|
|
Total Designated |
|
205,323 |
21,812 |
(22,666) |
12,369 |
216,838 |
|
|
Restricted Funds |
|
|
|
|
|
|
|
|
Miss Noon investment |
|
|
|
|
1,417 |
21,844 |
|
|
Gill organ investment |
|
|
|
|
260 |
2,801 |
|
|
Kenwyn Windows investment |
|
|
|
|
5,308 |
63,109 |
|
|
Choir Fund |
|
|
492 |
|
|
492 |
|
|
Bell Fund |
|
922 |
3473 |
|
|
4,395 |
|
|
Kenvyn Graveyard |
|
1,000 |
|
|
|
1,000 |
|
|
Flower Festival |
|
|
250 |
|
|
250 |
|
|
Investment income held |
|
1,343 |
656 |
|
|
1,927 |
|
|
Total Restricted |
|
84,034 |
4,871 |
|
6,985 |
95,818 |
|
|
Endowment Funds |
|
|
|
|
|
|
|
|
ldless former Mission Church |
|
|
|
|
927 |
17,637 |
|
|
Lanyon (St. Allen) investment |
|
|
|
|
48 |
1,419 |
|
|
Investment Income held |
|
|
|
|
|
527 |
|
|
Total Endowment |
|
18,081 |
|
|
975 |
19,583 |
|
|
|
Total |
315,213 |
(778) |
|
20, 3 29 |
334,764 |
| 1 |
|
SuMMARY OF ASSET IVIOVEMENTS |
|
|
|
|
|
|
|
|
|
|
u nrestricted |
U nrestricted |
Restricted |
Endowment |
Total 2021 |
|
|
|
|
Funds Designated
££ |
|
Funds |
Funds££ |
|
|
|
Balance at 31 December 2020 |
|
12,525 |
216,838 |
|
19,583 |
344,764 |
|
|
Prio r Yea r Adj.ustment |
|
(10,000) |
|
|
|
(10,000) |
|
|
Balance at 1 January 2021 |
|
2,525 |
216,838 |
95,818 |
19,583 |
334,764 |
|
|
Income |
|
69,435 |
19,399 |
29,853 |
527 |
119,214 |
|
|
Expenditure |
|
(88,137) |
0 |
(15,683) |
|
(103,820) |
|
|
Investment Gains |
|
26,678 |
|
4,617 |
1,011 |
32,306 |
|
|
Transfers between Funds (note |
10) |
218,375 |
(217,241) |
(2,265) |
1,131 |
|
|
|
Balance at 31 December 2021 |
|
228,876 |
18,996 |
112,340 |
22,252 |
382,464 |
||Unrestricted|Designated Restricted|Endowment|Total 2020 2o|9|
|---|---|---|---|---|
||£££||£££||
|INCOME AND ENDOWMENTS|||||
|Voluntary income|53,418|16,753 4,285||74,456 67,503|
|Activities for generating funds|4|||4113|
|Church Activities|3,431|||3,431 8,577|
|Income from Investments|75|5,535 658|527|6,795 23,656|
|Other income|||||
|TOTAL INCOME|56,927|22,288 4,943|527|84,686 99,849|
|EXPENDITURE|||||
|Church activities|84,916|476||85,464 102,173|
|TOTAL EXPENDITURE|84,916|476||85,464 102,173|
|BEFORE INVESTMENT GAINS|(27,988)|21,812 4,871|527|(778) (2,324)|
|N ET GAINS ON INVESTMENTS||12,369 6,985|975|20,329 42,010|
|N ET I NCOME / (EXPEN DITURE)|(27,988)|34,181 11,856|1,502|19,551 39,686|
|TRANSFER BETWEEN FUNDS|22,738|(22,666) (72)|||
|NET MOVEMENT IN FUNDS|(5,250)|11,515 11,784|1,502|19,551 39,686|
|TOTAL FUNDS BROUGHT FORWARD|17,775|205,3 23 84,034|18,081|325,213 285,527|
|ADJUSTMENT WRITE OFF|||||
|LYCHGATE VALU E|||||
|(see Note to the Accounts)|(10,000)|||(10,000)|
|TOTAL FUNDS CARRIED FORWARD|2, 525|216,838||334,764 325,213|