##
|Report ofthe Trustees|||1|to|3|
|---|---|---|---|---|---|
|Independent
Esandner's|Report|||||
|Statement ofVinanebal|Activities|||||
|Balance Sheet||||||
|Cash Flow Statement||||||
|lVotrs to the Cnsh Plow|Statement|||||
|I%utes to the trtnandat
Statements|||9|to|16|
|Detailed Ststtunent
of Ftnauclat||Activities|17|lo|18|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|---|
|||||Unresmloted||Total|Total|
|||||foods||funds|Smds|
|IÃcoMRAND RNDovvMRNTs||FRQM||||6||
|Donsdons
end logsoies|||2|15'7,323|100|||
|Invesbuent
income
Other income|||3|1,548
~257 163||1,548
~257 163|1426
~147147|
|Tohd||||416,034|100|416,134|277809|
|EXPRNDITIIRR ON||||||||
|Raising ftmds||||||||
|Raising docstione md
Oker trading activities|legacies|||299,720
3531|15,190|314910
~331|287,440|
|||||303~1|15,190|318,441|287,440|
|Charitable
acttvtttcs||||||||
|independent
exsminet's
Produsicmsl
feos|fees|||3,660
5388||3,660
5/88|3,660
3,725|
|Total||||312,199|15,190|327389|294,825|
|NETIbICOIVIS/(80IPEND~||||103,835|(I5,090)|88,745|O6PI 6)|
|Trsnsfens
betvreea funds|||14|323|(323)|||
|Distribution
offunds|||||(93,057)|(93,057)||
|Net movement
ln fends||||104,158|(108,470)|(4,312)|(16916)|
|RECONCIIIATION|OFFUNDS|||||||
|Total feeds brought
fortvard||||357,183|833,877|1,191,060|1,207,976|
|||||461 341|725,407|~1186748|~II91060|
##
##
|31Ilectsrtbcr 202|1||||||
|---|---|---|---|---|---|---|
||||||31,tL21|31.1220|
||||lftuestrl cQ|ttcssrlctcd|Total|Total|
|||||fund|ibad s|1'urubi|
|||Nates|||||
|IrtXKty ASSETS
Tunpible asseta
btricsht tcats||1D
11|4„822
9.84%|725,407|730;229
9,841|740~7
~609|
||||14&fr63'||740,O70||
|CIlRkaV TASSSTS
Dqbtota
'Coah a't bepk snd irrlipnd||12|2L537
~466
1'||23,537
~466 531|19,575
~495 'l5D|
||||490,068||490;068|534,725|
|CREDIT()Itt3
ktttouotsDtibng|duewhhincue3rtss|13.|(4339D1||'(43,390)|&72471)|
|74LtT~ASSE1$|||~446 67||||
|TOTAL ASSPTS, LLrSS CURRENT
LIABILH[ES.|||461/41|725,407|1 186,748|1,193.060|
|'NB[ ASSETS|||~st 61'34'i|725,407|~186.748|~191060|
|PIJPtDS|||||||
|UhrcstilctCd'
fuudsr
Qcrnant 'fend|||||461,341|357„183|
|Rcsttictcd funttn
OtSan 1und|||||122407.||
|'HYfAL|||||~tt 86.748|~tt91.060|
##
|Chelsea Old Church||||||||
|---|---|---|---|---|---|---|---|
|Parochial
Church Conceit||||||||
|Cash Flow Statement||||||||
|for thc Year Ended 31December 2021||||||||
|||||||31.12.21|31.12.20|
||||||Notes|||
|Cash flows from operating||acdvides||||||
|Cash gcncratcd from operations||||||69218|2.224|
|Nct cash provided
by opcratmg acuvities||||||693)8|2,224|
|Cash Bows from Invcsdng||activities||||||
|Purchase oftangible feted|assets|||||(6,028)||
|Church Organ
Interest received||||||(300)
I 548|(39034)
~126|
|Net cash used in invesling|activities||||||~38208)|
|Cash flows from financing||activities||||||
|Distri)notion
et(ands||||||~93057)||
|Nct cusb (used in)/provided||by financing||activities||~93,057)||
|Change in tnrsh snd cash|equivalents||In|thc||||
|repott tag p'eriod||||||(28,619)|(35384)|
|Cnsb nnd cash eqnivalents||at thc beginning|||of|||
|Ihe rcpotting period||||||495,150|531,134|
|Cash aad cash cquivalcnts||at tbe end|of the|||||
|reporting
period||||||466,531|~495 150|
##
|forth|
e Ymr Ended 31December 2021|
e Ymr Ended 31December 2021|
e Ymr Ended 31December 2021|||
|---|---|---|---|---|---|
||RECONCI1.IATION OFNET EXPENDITURE TO NET CASH FLOW FROlVI|||OPERATING||
||ACTIYITIES|||||
|||||31.12.21|31.12.20|
||Net expenditure
for the reporting
Activities)||period (as pcr the Statemeut ofFiaaucial|(4,312)|(16.916)|
||Ad)ustments
for:|||||
||Dcptcctation
charges|||16,396|400|
||Distnbetiou
ol feuds|||93,05.7||
||interest
received
(Jncrease3rdecren
se|in debtors||(1,548)
(3,712)|(1,326)
1.683|
||(Dccrntsc)/mcresse|in creditors||~30.663)|18.383|
||Net cash provided|by operations||69.218|2,224|
|2.|ANALYSIS OF CHANGES IN NET FUftDS|||||
||||At 1 1.21|Caslt Qosv|At 31 1221|
||Net cash|||||
||Cash at ban)t and iu|)tend|495,150|(28,619)|466,531|
||||495,150|(28,619)|466,531|
||Total||495,150|~(28 619)|466.531|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2.|DONATIONS||AND LEG|ACIES|||||
|---|---|---|---|---|---|---|---|---|
||||||||31,122]|31,1220|
||||||Unrestricted|Resirided|To(el|Total|
||||||fuods|tuads|fuods|funds|
||Planacd giving||and collecttons||99,583||99.583|72,856|
||Donations,
Giik||income and Legacies||28475||28375|33,721|
||Gilt aid
Donations
for|Organ Fund|||29,165||29,165
100|20,449
~2410|
||||||157,323|100|157,423|129,436|
|3.|INVESTMENT||INCOME||||||
||||||||31.. 1.221|31.12.20|
||||||Unrestricted|Rcsteteted|Total|Total|
||||||funds|funds|fuuds|funds|
||||||f||f||
||Deposit account||hrieresl||~l548||1,548|1326|
|4.|RAISING DONATIONS|||AND LEGACIES|||||
||||||||31.12.21|31.12.20|
||||||Unrestricted|Restricted|Total|Total|
||||||fuuds|I'unde|funds|funds|
||||||f||f||
||Staifcosts||||65,610||65,610|69,224|
||Insurance||||6,400||6,400|6,523|
||Entertainment.|snd hospitality|||102||102|2,305|
||Missionary
aad||charitable|giving|3,500||34tH|5, 100|
||Diocesan parish||contnbution||96,127||96,127|124,370|
||Church running||costs||13,416||13,416|9,289|
||Church A. Hall|maintenance|||18,752||18,752|14,442|
||Music costs||||56,721||56,721|22.503|
||Sanctaary expcnscs||||2,013||2.013||
||Prtlltiltg
and admlnistmtlon||||9,154||9 154|7,669|
||Bank charges||||687||687|677|
||Verger expenses||||23,139||23,139|22,244|
||Vtc sr expousea||||1,565||1,563|2,694|
||Sundry expenses||||1,328||1,328||
||Depreciation||||L206|15,190|16,396||
||||||299,720|15,190|314,910|287,440|
|5.|OTHER TRADING ACFIVITIES||||||||
||||||||31.12.21|31.12.20|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fundsf|fitnds|funds|
||Management
fees (1'1strental)||||3,531||~353 I||
##
||||Support|
|---|---|---|---|
||||costs|
||||f.|
|Independent|cxamincr's|fees|3,660|
|Professional|fccs||5,288|
##
##
##
|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||31,12Zt|31.12.20|
|||||6||
|Wages and salaries
Social security costs
Other pension costs||||64318
1,092|66,566
1,320
~1338|
|||||65 6'10|~69 224|
|Tbc average monthly|nurubcr ofemployees|durutg|thc year was as lollows;|||
|||||31.12.21|31.12.20|
|Staff||||4|4|
##
##
|for tb|e Year Ended 31Dccsraber 2021|e Year Ended 31Dccsraber 2021||||||
|---|---|---|---|---|---|---|---|
||COMPARATIVES FOR THE STATEMENT||OFFINANCIAL|ACTIVITIES FOR|2020|||
|||||Unrestricted|Restricted|Total||
|||||fimds|tuled|funds||
|||||f||||
||INCOME AND ENDOWMENTS FROM|||||||
||Donstioos snd legacies|||127,026|2,410|129,436||
||Investonnit
income|||1,326||1,326||
||Otttcr income|||147,147||147,147||
||Total|||275,499|2,410|277,009||
||EXPENDITURE ON|||||||
||Raisiag fuads|||||||
||Rmsing donations snd|legsoics||~287 040|400|287440||
|||||287,040||||
||Charitable
activities|||||||
||lndcpcndent
cxsmiocr's|fein||3,660||3,660||
||Professional
foes|||3725||3,725||
||Total|||294.425|400|294;825||
||NET INCOME/(EXPENDITURE)|||(18.926)|2,010|(16,916)||
||RECONCILIATION|OF FUN DS||||||
||'fatal
funde brought fortvard|||376,109|831,867|1,207,976||
||TOTAL FUNDS CARRIED FORWARD|||357 183|833,877|~1,191060||
|10.|TANCIEI.EI'IXED ASSETS|||||||
||||||Fextiircs|||
|||||Churrh|sod|||
|||||Organ
f|fittings
E|Totals||
||COST|||||||
||At
I Jnaumy 2021
Additions|||739,497
300|2„000
6,028|741,497
~628||
||Ar 31 December 2021|||~731797|8,028|747,825||
||DEPRECIATION|||||||
||At
I January 2021||||1300|1200||
||C)targe lbr year|||14,790|1,606|16396||
||At 31 December 2021|||14,790|2,806|17,596||
||NET BOOK VALUE|||||||
||At 31 Deccmbcr 2021|||725,007|5322|730329||
||At 31 December 2020|||~739 497|800|740297||
||||Page 13|||coutinued|.|
##
##
|FIXEDASSETINVESTMENTS|||
|---|---|---|
|Investmcnt
fIxed. assets|||
|Movements
in thc year.|31 1221.|31.1220|
|Ivlarket Value ai. I January 2021||8.055|
|Purchase a( cost|||
|Disposcl proceeds
Revaluation|1,232|554|
|Market Value iu 31Dcccinbcr 2021|9,841||
##
##
|DEBTORS:|AMOUNTS FALLING DUK|WITHEXI ONE YEAR|||||
|---|---|---|---|---|---|---|
||||||31.12.21|31.1220|
||||||8|f|
|Trade debtors|||||15;423|13,556|
|Gift aid receivable|||||6,950|6,019|
|Other debtors|||||1,164||
||||||23537|19,575|
|CRKDITORSi AMOUNTS FALLING DUE WITHIN ONK YEAR|||||||
||||||31.12.21|31,1220|
|||||||f.|
|Trade meduors||||||2.402|
|Social security
aud other taxes
Defened inconic|||||241
15,535|117
49,185|
|Accrued expenses|||||27,614|20,867|
||||||43,390|72,571|
|iMOVEMENF IN FUNDS|||||||
|||||Nei|Transi'ert||
||||niovcmeni||between|At|
|||At.1.1.21|in funds||funds|31.1221|
|||||f|f.||
|Unrestricted|tends||||||
|General
fund||357,183|103,835||323|461,341|
|Restricted
funds
Oigaii Fund||833,877|( I08,I47)||(323)|7~,407|
|TOTAL FUNDS||1.191,060|~4.312)|||1,186,748|
##
##
||||Incotning|Resources|Distribution|MovcIIICnt|
|---|---|---|---|---|---|---|
||||rcsoufccs|expended
f|offunds|in funds|
|Unrestricted|funds||||||
|General fund|||416.034|(312,199)||]03,835|
|Restricted
funds|||||||
|Organ Fond|||100|(15,190)|(93,0571|(108,147)|
|TOTAL FUNDS|||416,134|f327389)|~93,057)|~4312)|
|Comparatives|Ior movement|in funds|||||
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
||||||f||
|Unrestricted|funds||||||
|General
fitnd||||376,109|(18,926)|357,183|
|Restricted funds|||||||
|Organ Fund||||831,867|2,010|833,877|
|TOTALFUNDS||||~1207 976|~16,916)|1,191,060|
||Incoming|Resources|Movctncnt|
|---|---|---|---|
||fca0IIIcus
f|expended|in funds|
|Unt tatrtctcd funds||||
|Gcncmt
fund|275,499|(294,425)|(18,926)|
|Restricted
funds||||
|OrganFund|2,410|(400)|2,010|
|TOTAL FUNDS|277.909|~294,825)|~)6,916)|
##
##
|A current yea|r 12months
and prior y|ear 12months
combine|il
positio|n is as follows:|||
|---|---|---|---|---|---|---|
|||||Nei|Transfers||
|||||moverncnt|between|Ai|
|||At|1..1.20|in funds|funds|31.12.21|
|||||f.||f.|
|Unrestricted|funds||||||
|General
fuud||376,'109||84,909|323|461,341|
|Restricted funds|||||||
|Organ Fund||831,867||(106,137)|(323)|725,407|
|TOTAI FUNDS||1,207.976||~21,228)||1.186,748|
|||Incomstg|Resources|DiatribuuOn|lvlovcnlcnt|
|---|---|---|---|---|---|
|||rcsoul'ccs|espendcd|of I'unds|in funds|
|Unrestricted|funds|||||
|Gcneml
fund||691,,533|(606,624)|||
|Rescrtc\cd
I'unds||||||
|Orgm Fund||2i610|('I5390)|(93,057)|(106,137)|
|TOTAL FUNDS||694.043|1622214)|~93,057)|~2I,228)|
##
##
|for thc Year Ended 31D|ecember 2021|||||
|---|---|---|---|---|---|
|||||31.12.21|31.L2.20|
|||Unrestricted|Restricted|Total|Total|
|||funds
f|funds|funds|funds|
|INCOME AND ENDOWMENTS||||||
|Danntlons
and legacies||||||
|Planned
giving aud collections||99483||99,583|72,856|
|Donations, Oig Income and Lcgactcs||28,575||2R575|33,721|
|Gift aid||29,165||29,165|20,449|
|Donations
1'orOrgan
I'und|||||2.410|
|||157.323||157.423|129,436)|
|Investment
income||||||
|Deposi Iaccount interest||1,548||1,548|1.326|
|Other Income||||||
|Wcddlng,
Funeral
and Baptism fees||61,267||61,267|27,379|
|Bell Ringing||4,190||4,190|480|
|Music inlx me||31,595||31,595|7,888|
|Olhcr iacomc||58,040||58,040|83.,650|
|Pctyt Hall Bookb)gs||]02,071||~102071|27,750|
|||257,163||257,163|~147 147|
|Totnl incoming
resources||416,034||416,134|277,909|
|EXPENDITURE||||||
|Raising donations and Icgades||||||
|Wages||64,518||64,518|G6,566|
|Social security|||||1320|
|Pcuslous||1,092||l,092|1,338|
|btsurance||6,400||6,400|6423|
|Eutenalument
aod hospitality||102||102|2,305|
|Missionary
aud charitable|gimng|3300||3500|5,100|
|Diocesan palish contribution||96,127||96,)27|124,370|
|Church
running
costs||13,416||13,416|9,289|
|Church
)b Hall maintenance||18,752||18,752|14,442|
|Music costs||56,721||5G,721|22,503|
|Sanctuary
expenses||2,013||2,013||
|Ptinting
and adminiziratiou||9,154||9,154|7,G69|
|Bank chmgcs||687||687|677|
|Verger expenses||23,139||23,139|22244|
|Vicar cxpenscs||1,565||1,565|2,694|
|Sundry expenses||1328||1,328||
|Dcprecialioo
Church Orgau
Depreciation
f)Xtnrea and littinge||~1206|14,790
400|14,790
1,606||
|||299,720|15,190|314,910|287,440|
|Other trading acUvltics||||||
|Managcmcnt
fccs (Flat rental)||3,531||3,531||
##
|for the Year E|nded 31D|ecember 2021|||||
|---|---|---|---|---|---|---|
||||||31.12.21|31.12.20|
||||Unrestricted|Restncted|Total|Total|
||||ftmds|funds|I'unde|funds|
||||E||E||
|Suppose costs|||||||
|Goverxtaacc|costs||||||
|Indcpeudent|cxetuioer's|fees|3,660||3,660|3,660|
|Pmfessional|fccs||5,288||5,288|3,725|
||||~8948||8.948|~7385|
|Total resources|expcndcd||312.199|15.190|327.389|294.825|
|piet (expenditure)/income|||103835|~15.090)|88.745|(16,916)|