| Page | |||
|---|---|---|---|
| Annualreport | 2to9 | ||
| Report ofthe independent | examiner | 10 | |
| Statement offinancial | activities | ||
| Statement offinancial | position | 12 | |
| Notes to the accounts | 13to 20 |
| Independent | exomtner: | |
|---|---|---|
| Charles S Human | ||
| UHY Hacker | Young (S.E.) Limited | |
| Chartered Accountants |
||
| 168Church | Road | |
| Hove | ||
| BN3 2DL |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Church | running | expenses | 47,628 | 49,669 | |
| Church | maintenance | and repairs | 275,550 | 104,716 | |
| Staff costs | 48,267 | 48,274 | |||
| Diocesan parish | share | 75,000 | 69,527 | ||
| Other | costs | 36,733 | 38,544 | ||
| Tota I | 483,118 | 310,729 |
| The main as | sets were as follows: | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Properties | 700,000 | 440,000 | |
| Investments | 550,000 | 550,000 | |
| Current Net |
Assets/Liabilities | 271,058 | 417,574 |
| Total | 1,521,058 | 1,407,574 |
| Forthe year ende | d 31 | December 2 | 020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unresirlcted | Restricted | Endowed | Total Funds | Toial Funrls | ||||||
| Fund | ~Fund | s | F~und | s | 2020 | 2029 | Notes | |||
| Income and endowments | from: | |||||||||
| Donations and legacies |
68,677 | 68,677 | 727,989 | |||||||
| Charitable activities |
723 | 723 | ||||||||
| Other trading activities |
7,700 | 7,700 | 24,034 | |||||||
| Investments | 59,124 | 59,124 | 60,103 | |||||||
| Grants | 115,507 | 115,507 | 38,986 | |||||||
| Other receipts | 34,380 | 34,380 | 41,3i7 | |||||||
| Total Income | 170,604 | 115,507 | 286,111 | 295,462 | 2 | |||||
| Expenditure on: |
||||||||||
| Raising funds | 5,913 | 5,913 | 5,763 | |||||||
| Charaable activities |
361,758 | 115,507 | 477,265 | 305,566 | ||||||
| Total expenditure | 367,671 | 115,507 | 483,178 | 310,729 | 3 | |||||
| Net gains lor losses) | on investments | 261,163 | 161,161 | 25,220 | ||||||
| Net income or (net expenditure) | 64,094 | 9,953 | ||||||||
| Transfers between | funds | |||||||||
| 64,096 | 9,953 | |||||||||
| Reconciliation offunds'. | ||||||||||
| Net movement In |
funds | BB,OSS | 64,096 | 9,953 | ||||||
| Total funds brought | forward | 1,397,574 | 6,COO | 1,403,574 | 1393,621 | |||||
| Total funds carried | forward | 1,461,670 | 6,000 | 1,467,670 | 1,403,574 |
| As at 32Oeeemb | er 2020 | ||||
|---|---|---|---|---|---|
| Total Funds | Total Funds | ||||
| 2rLfg | Notes | ||||
| Tangible assets | 700,000 | 440,000 | |||
| Investments | 550,000 | 550,000 | |||
| Total fixed anets | 1,250,000 | 990,000 | 8 | ||
| Debtors | 21,859 | 40,030 | |||
| Invastmants | 233,530 | 232,366 | |||
| Cash at bank and in | hand | 34,521 | 202,914 | 14 | |
| Total current assets | 289,910 | 475,310 | |||
| Creditors: Amounts | faglng due within one year | (18,852) | (57,736) | 11 | |
| Nat current assets | orf8 abgi ties) | 271,058 | 417,574 | ||
| Total assets less current Babglties |
1,521,058 | 1,407,574 | |||
| Creditorn Amounts |
falling due after more. than one year | )53,388) | (4,000) | 12 | |
| Total net assets or | lgabllltles) | 1,467,870 | 1,403,574 | ||
| The funds ofthe charltyr' | |||||
| Restncted Income | funds | 6,000 | 6,000 | ||
| Unrestricted funds |
1,461,670 | 1,397,574 | |||
| Total unrestricted | funds | 1,461,670 | 1,397,574 | ||
| Total charity funds | 1,467,670 | 1,403,574 |
| 2 Analysis ofincome and e |
ndowments | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restrkted | Endowed | TotalFunds | roral Funds | ||||
| ~FUn | ~Fnd s | ~fund | s | 2020 | ~21 | Notes | ||
| f | E | |||||||
| Planned giving (excl. tax refunds) |
33,823 | 33p823 | 34,491 | |||||
| Loose cash collections | 23,856 | 23,856 | 31,939 | |||||
| Other donations | 342 | 342 | 2,534 | |||||
| Gift Aid recoverable | 10,656 | 10,656 | 8,207 | |||||
| Legacies | 50,817 | |||||||
| Donations and legacies |
f68,677 | f68,677 | f127,989 | |||||
| Fees for weddings & funerals |
723 | 723 | 3,033 | |||||
| Charitable activities |
f723 | E723 | f3,033 | |||||
| Tickets for Parish events | 480 | 480 | 2,010 | |||||
| Church centre hiring fees | 7,220 | 7,220 | 22,024 | |||||
| Fairtrade stall | ||||||||
| Other trading activities | E7,700 | f7,700 | f24,034 | |||||
| Bank &CBFdeposit Interest | 1,321 | |||||||
| CBFInvestment fund dividend |
8,149 | 8,149 | 4,930 | |||||
| Other Investment fund dividend |
3,009 | |||||||
| Rent from letting of investment | property | 50,975 | 50,975 | 50,844 | ||||
| Investments | E59,124 | E59,124 | E60,103 | |||||
| Grants | 115,507 | 115,507 | 38,986 | |||||
| Other receipts | 34,380 | 34,380 | 41,317 | |||||
| Total income and endowments | on all funds | E170,604 | E115,507 | f286,111 | f295,462 |
| 3 Anal sls ofex endl |
ture on: |
||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total Funds | Total Funds | |||
| ~Fs | ~Fun | 2020 | 2QL9 | Notes | |||
| f | |||||||
| Investment management |
costs | 5,913 | 5,913 | 5,163 | |||
| Cost of raising funds | E5,913 | E5p913 | f5,163 | ||||
| Missionary and charitable |
giving | 2,970 | 2,970 | 3,330 | 4 | ||
| Ministry. | |||||||
| diocesan porish share | 75,000 | 75,000 | 69,527 | ||||
| other clergy costs | 1,835 | 1,835 | 11,036 | ||||
| Staff | 48,267 | 48,267 | 46,274 | 5 | |||
| Upkeep ofservices | 16,526 | 16,526 | 14,699 | ||||
| Church running |
47,628 | 47,628 | 49,669 | ||||
| Youth g social gathering | costs | 1,437 | 1,437 | 2,443 | |||
| Church maintenance and |
repair | 160,043 | 115,507 | 275,550 | 104,716 | ||
| Governance | 8,052 | 8,052 | 1,672 | 6 | |||
| Cost of charitable activities |
E361,758 | E115,507 | E477,265 | f305,566 | |||
| Other trading activities | |||||||
| Cost ofother trading activities | |||||||
| Total expended on all funds |
E361,671 | E115,507 | E483,178 | f310,729 |
| 4 | Mlssiona~and charitable lvln |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total Funds | Totolsvnds | |||||
| fund | ~snd | s | ~sued | s | 2020 | 7919 | Notes | ||
| E | |||||||||
| Seculor charities | 167 | ||||||||
| Caritas and Night Shelter | 2,970 | 2r970 | 3,163 | ||||||
| E2,970 | E2,970 | E3,330 | |||||||
| 5 | Staff costs | ||||||||
| Unrestricted Fund |
Restricted ~Fund |
s | Endowed Total Funds Laudss2020 |
Totol Funds 2029 |
Nates | ||||
| a | Remuneration | ||||||||
| Wages and salaries | 41,267 | 41,267 | 39,984 | ||||||
| Pastoral ossistonts | 7,000 | 7,000 | 8,290 | ||||||
| E48,267 | E48,267 | E48,274 |
| 6 | Governance | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total Funds | Torol Funds | |||||
| Funds | ~Fund s | ~Fund | s | 2020 | 2019 Notes | ||||
| E | E | ||||||||
| Professional | fees | 6,732 | 6,732 | ||||||
| Independent | examination | 1,320 | 1,320 | 1,320 | |||||
| Accounts production | |||||||||
| Bookkeeping | 552 | ||||||||
| E8,052 | E8,052 | E1,872 | |||||||
| Unrestricted | Restricted | Endawed | Total Funds | Tote/Funds | |||||
| 2020 | 2012 Notes | ||||||||
| 7 | Analysis of | transfers between | funds | ||||||
| Fund transfer | movements |
| 8 | Fixed Assets | ||||||
|---|---|---|---|---|---|---|---|
| a | Investments | ||||||
| unrestricted | Restricted | tndowed | Total Funds | ||||
| E000 | Found | s | 2020 | Notes | |||
| E | f | ||||||
| Market value 1January 2020 | 550,000 | 550,000 | |||||
| Dlsposals at carrying value | |||||||
| Purchases at cost | |||||||
| Transfers | |||||||
| Reclassification as current asset |
|||||||
| Net gains and revaluation | |||||||
| Market value 31December 2020 |
f550,000 | 6550,000 |
| Tan Ible fixed assets |
||||
|---|---|---|---|---|
| Freehold | land | Total fixed | ||
| and buildings | assets | Nates | ||
| Cost or valuation | ||||
| At 1January 2020 | 440,000 | 440,000 | ||
| Additions | ||||
| Disposals | ||||
| Revaluation | 260,00D | 260,000 | ||
| At 31December 2020 | 700,000 | 700,000 | ||
| Charge for Impairment | ||||
| At 1January 2020 | ||||
| Additions | ||||
| Disposals | ||||
| Revaluation | ||||
| At 31December 2020 | ||||
| Net book amounts | ||||
| At 31December 2020 | 6700I000 | 6700I000 | ||
| At 32 December 2029 | F440,000 | f440,000 |
| Anal s | isof | netassetsb | yfund | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestrkted | Restricted | Endowed | Total Funds | Total Funds | |||||
| ~su s |
~Fn | 29LP. | 2(L12 | Notes | |||||
| f | f | ||||||||
| Fixed assets | for church | use | 700,000 | 700,000 | 44o,ooo | ||||
| Investment | fixed assets | 550,000 | 550,000 | 550,000 | |||||
| Current | assets(except | cash) | 249,389 | 6,000 | 255,389 | 272,396 | |||
| Cash at | bank and on deposit | 34,521 | 34,521 | 202,914 | |||||
| Current | liabilities | (1&,852) | (18,852) | (57,736) | |||||
| Non-current | liabilities | (53,38&) | (53,388) | (4,000) | |||||
| E1,461,670 | f6,000 | E1,467,670 | E1,403,574 |
| Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total Funds | Total Funds | ||||
| Funds | ~Fund s | ~Fund | s | ?t)20 | 2019 | Notes | ||
| E | ||||||||
| Prepayments | and accrued income | 1&,803 | 18,803 | 31,110 | ||||
| Other debtors | 3,056 | 3,056 | 8,920 | |||||
| f21,859 | E21,859 | E40,030 |
| Creditors: amounts | falling due | within one year | within one year | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted Restricted |
Endowed | Total Funds | Toto/Funds | ||||
| Funds | F~und | ~ns | 2020 | 2019 Notes | |||
| E | E | E | |||||
| Other creditors | 16,071 | 16,071 | 54,169 | ||||
| Accruals &deferred | income | 2,7&1 | 2,781 | 3,567 | |||
| E18,852 | E18,852 | E57,736 | |||||
| Creditors: amounts | falling due | after more than one | year | ||||
| Unrestricted Restricted |
Endowed | Total Funds | TololFaodh | ||||
| F~un s |
~Fu ds | ~Fund | s | 2020 | 2019 Nates | ||
| E | f | ||||||
| Other creditors | 53,3&8 | 53,388 | 4,ooo | ||||
| f53I388 | f53,388 | E4,OOO |
| Stateme | nt offunds | |||||||
|---|---|---|---|---|---|---|---|---|
| Balances | Transfers, | Balances | ||||||
| b/(wd | other gains | c/Iwd | ||||||
| 1lan 1010 | Income | Expenditure | and losses | 31Dec 2020 | ||||
| Major works expenditure | 115,507 | (115,507) | ||||||
| Welcome area | 6,000 | |||||||
| Total of | all restricted | funds | 6I000 | 6,000 | ||||
| General | fund | 1,397,574 | 170,604 | (367,671) | 261,163 | 1,462,670 | ||
| Total of | all unrestricted | funds | 1,397,574 | 170,604 | (367,671) | 261,163 | 1,462,670 | |
| Total funds | E1,403,574 | E170,604 | E(367,671) | 6261,163 | Elp467,670 |
| Analysis ofcas | h and cash equivalents | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2010 | 19 | ||
| E | E | ||
| Cash In hand | 23,134 | 56,531 | |
| Notice de oslts | less than 3months | '11387 | 146383 |
| E34 521 | E202914 |