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|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|
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|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)|
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||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||
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||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|
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|||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|
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||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||||
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||||||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|||
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|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|
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|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||
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|||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|
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||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|