||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Independent<br>Exam incr's Report|||||
|Statement ofFinancial<br>Activities|||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial Statements||11|to|21|
|Detailed Statement ofFinancial|Activities|22|to|23|





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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|124,256|23,485|147,741|462,635|
|Charitable<br>activities||||||||
|Church activities||||6,531||6,531|12,067|
|Investment<br>income||||35,323||35,323|28,376|
|Total||||166,110|23,485|189,595|503,078|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Church activities||||132,356|62,233|194,589|217,137|
|Net gains on investments||||1,535||1,535|3,564|
|NET INCOME/(EXPENDITURE)||||35,289|(38,748)|(3,459)|289,505|
|Transfers<br>between<br>funds|||I5|~40,676)|40,676|||
|Net movement<br>in funds||||(5,387)|1,928|(3,459)|289,505|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||941,030|7,010|948,040|658,535|
|TOTAL FUNDS CARRIED FORWARD||||935,643|8,938|944,581|948,040|





## 

||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible<br>assets||11|462,687||462,687|462,784|
|Investments||12|25,547||25,547|24,012|
||||488,234||488,234|486,796|
|CURRENT ASSETS|||||||
|Debtors||13|16,910|380|17,290|20,121|
|Cash at bank and in hand|||440,269|34,462|474,731|474,277|
||||457,179|34,842|492,021|494,398|
|CREDITORS|||||||
|Amounts<br>falling due within|one year|14|(9,770)|(25,904)|(35,674)|(33,154)|
|NET CURRENT ASSETS|||447,409|8,938|456,347|461,244|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES|||935,643|8,938|944,581|948,040|
|NET ASSETS|||935,643|8,938|944,581|948,040|
|FUNDS||15|||||
|Unrestricted<br>funds|||||935,643|941,030|
|Restricted funds|||||8,938|7,010|
|TOTAL FUNDS|||||944,581|948,040|






## 

|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating|activities|||||
|Cash generated<br>from operations|||I|~34,869)|260,529|
|Net cash (used in)/provided|by|operating|activities|~34,869)|260,529|
|Cash flows from investing|activities|||||
|Interest k dividends<br>from Investments||||2,313|1,776|
|Property<br>rental income||||33,010|27,350|
|Net cash provided<br>by investing||activities||35,323|29,126|
|Change<br>in cash and cash|equivalents||in|||
|the reporting<br>period||||454|289,655|
|Cash and cash equivalents|at|the||||
|beginning<br>ofthe reporting|period|||474,277|184,622|
|Cash and cash equivalents|at|the end|of|||
|the reporting<br>period||||474,731|474,277|





## 

## 

|OPERATING ACTIVI|TI|ES||||
|---|---|---|---|---|---|
|||||2020|2019|
|Net (expenditure)/income||for the reporting|period (as per the|||
|Statement ofFinancial|Activities)|||(3,459)|289,505|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||97|5,461|
|Gain on investments||||(1,535)|(3,563)|
|Interest received||||(2,313)|(1,776)|
|Property rental income||||(33,010)|(27,350)|
|Decrease in debtors<br>Decrease in creditors||||2,831<br>2,520|546<br>~1,2023|
|Net cash (used in)/provided||by operations||~34,8693|260,529|



## 

|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.20|Cash flow|At 31.12.20|
|Net cash||||
|Cash at bank and in hand|474,277|454|474,731|
||474,277|454|474,731|
|Total|474,277|454|474,731|





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||||2020|2019|
|---|---|---|---|---|
|Collections<br>at all|services||4,273|19,455|
|Gift aid donations|||51,862|43,350|
|Income tax recoverable|||15,346|17,392|
|Legacies||||315,430|
|Grants|||13,174|20,400|
|Donations<br>- St Pancras International|||2,361|3,229|
|Sundry donations|and other income||36,518|16,356|
|Other planned<br>giving|||4,507|6,717|
|Youth work|||19,700|20,305|
||||147,741|462,634|
|Grants received,|included|in the above, are as follows:|||
||||2020|2019|
|All Churches<br>Trust|||2,000||
|Chichester<br>Welfare Trust|||880||
|Foulerton<br>Trust||||20,000|
|Job Retention<br>Scheme|||3,496||
|Other grants|||6,798|400|
||||13,174|20,400|





## 

## 

|3.|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Property<br>rental income||||33,010|26,600|
||UK dividends<br>and interest||||2,313|1,776|
||||||35,323|28,376|
|4.|INCOME FROM CHARITABLE ACTIVITIES||||||
||||||2020|2019|
|||Activity|||||
||Church<br>hall lettings|Church|activities||6,531|12,067|
|5.|CHARITABLE ACTIVITIES COSTS||||||
|||||Grant|||
|||||funding of|||
||||Direct|activities|Support||
||||Costs (see|(see note|costs (see||
||||note 6)|7)|note 8)|Totals|
||Church activities||127,894|11,535|55,160|194,589|
|6.|DIRECT COSTS OF CHARITABLE||ACTIVITIES||||
||||||2020|2019|
||Staff costs||||43,700|41,902|
||Activities||||5,014|12,999|
||Parish contributions||||70,000|67,500|
||Rector's and others expenses||||9, 180|9,317|
||||||127,894|131,718|
|7.|GRANTS PAYABLE||||||
||||||2020|2019|
||Church activities||||11,535|14,933|





## 

|Grants payable|Grants payable|Grants payable|from|the St Pancras International|restricted|fund included|in the above:||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
|A Cacouris||||||||300|
|Children|on|the|Edge||||1,000|1,000|
|CMJ|||||||180|240|
|CMS||||||||1,000|
|C Robinson||||||||835|
|Crosslinks|-|Nekemte||School|||1,040|540|
|CSW|||||||50||
|Homeless|Project||||||435|348|
|Interserv e|||||||90|120|
|JMerritt||||||||500|
|JRowe|||||||175|135|
|A Mumford|||||||325|335|
|MAF|||||||300|300|
|SIM|||||||500||
|Tearfund|(Yemen)||||||500|500|
|Translation||Trust|||||4,320|6,320|
|UCCF||||||||500|
|Uni Chichester|||Students Union||||600||
|WEC|||||||820|720|
|Word Alive|||||||200||
||||||||10,535|13,693|



## 

## 

|||||Governance||
|---|---|---|---|---|---|
|||Management|Finance|costs|Totals|
|Church|activities|52,640|120|2,400|55,160|





## 

|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||Church|Total|
|||||||activities|activities|
|Legal and professional|||fees|||5,728|14,100|
|Upkeep - Services||||||1,207|1,525|
|Upkeep<br>- Swanfield||Drive||||631|918|
|Repairs - Buildings||||||27,335|22,354|
|Maintenance|—Church|||||5,917|5,956|
|Maintenance|- Hall|||||5,098|6,736|
|Maintenance|- I/2|St Pancras||||6,626|10,915|
|Depreciation|oftangible|||and heritage|assets|98|5,461|
|Bank charges||||||120|120|
|Independent|examination|||fees||2,400|2,400|
|||||||55,160|70,485|



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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2020|2019|
|Wages and salaries||||43,030|41,540|
|Social security costs||||77||
|Other pension costs||||593|362|
|||||43,700|41,902|
|The average monthly|number ofemployees|during|the year was as follows:|||
|||||2020|2019|
|Number ofCharitable|Staff|||4|4|





## 

|TANGIBLE FIXEDASSET|S|||||
|---|---|---|---|---|---|
||||Improvements|||
||Freehold<br>property|Long<br>leasehold|to<br>property|Furniture<br>k equipment|Totals|
|COST||||||
|At 1st January 2020 and||||||
|31st December 2020|38,930|350,000|126,755|34,844|550,529|
|DEPRECIATION||||||
|At 1st January 2020|||53,390|34,355|87,745|
|Charge for year||||97|97|
|At 31st December 2020|||53,390|34,452|87,842|
|NET BOOK VALUE||||||
|At 31st December 2020|38,930|350,000|73,365|392|462,687|
|At 31st December 2019|38,930|350,000|73,365|489|462,784|



## 

|FIXEDASSET INVEST|MENT|S||
|---|---|---|---|
||||Listed|
||||investments|
|MARKET VALUE||||
|At 1st January 2020|||24,012|
|Revaluations|||1,535|
|At 31stDecember 2020|||25,547|
|NET BOOK VALUE||||
|At 31stDecember 2020|||25,547|
|At 31stDecember 2019|||24,012|
|There were no investment|assets|outside the UK.||
|At 31 December 2020 investment||holdings<br>consisting ofover 5'/o ofthe portfolio value were as follows||
||||2020|
|COIF Charities<br>Investment|Fund|Income units|25,278|
|The historical cost ofinvestments||at 31 December 2020 was f233 (2019:f233).||





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## 

|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|Income tax recoverable||||||15,021|17,330|
|Prepayments<br>and accrued income||||||2,269|2,791|
|||||||17,290|20,121|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE||YEAR||||
|||||||2020|2019|
|Other creditors||||||8,651|5,731|
|Accruals<br>and deferred|income|||||27,023|27,423|
|||||||35,674|33,154|
|MOVEMENT<br>IN FUNDS||||||||
||||||Net|Transfers||
|||||movement||between|At|
||||At 1.1.20|in|funds|funds|31.12.20|
|Unrestricted<br>funds||||||||
|General fund|||625,600|35,289||(40,676)|620,213|
|The Balding Redevelopment||Fund|315,430||||315,430|
||||941,030|35,289||(40,676)|935,643|
|Restricted<br>funds||||||||
|St Pancras International|||4,473|(7,771)||11,000|7,702|
|Emergency<br>Fund|||275||(150)||125|
|Youth Work||||(4,869)||4,869||
|Homeless Projects|||1,172||(61)|||
|Foulerton<br>Charitable|Trust||1,090|~25,897)||24,807||
||||7,010|~38,748)||40,676|8,938|
|TOTAL FUNDS|||948,040|~3,459)|||944,581|



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## 

|MOVEMENT IN FUNDS<br>—cont|MOVEMENT IN FUNDS<br>—cont|MOVEMENT IN FUNDS<br>—cont|inued||||
|---|---|---|---|---|---|---|
|Net movement<br>in funds, included|||in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||||
|General fund|||166,110|(132,356)|1,535|35,289|
|Restricted<br>funds|||||||
|St Pancras International|||2,764|(10,535)||(7,771)|
|Emergency<br>Fund|||140|(290)||(150)|
|Youth Work|||19,701|(24,570)||(4,869)|
|Homeless<br>Projects||||(61)||(61)|
|Foulerton<br>Charitable<br>Trust<br>Chichester<br>Welfare Trust|||880|(25,897)<br>~880)||(25,897)|
||||23,485|~62,233)||$38,748)|
|TOTAL FUNDS|||189,595|~194,589)|1,535|~3,469)|
|Comparatives<br>for movement||in|funds||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.19|in funds|funds|31.12.19|
|Unrestricted<br>funds|||||||
|General<br>fund|||651,827|(10,939)|(15,288)|625,600|
|The Balding Redevelopment||Fund||315,430||315,430|
||||651,827|304,491|(15,288)|941,030|
|Restricted<br>funds|||||||
|St Pancras International|||3,826|(10,353)|11,000|4,473|
|Emergency<br>Fund|||490|(215)||275|
|Youth Work||||(4,288)|4,288||
|Homeless<br>Projects|||2,392|(1,220)||1,172|
|Foulerton<br>Charitable|Trust|||1,090||1,090|
||||6,708|~14,986)|15,288|7,010|
|TOTAL FUNDS|||658,535|289,505||948,040|





## 

|Comparative<br>net mov|ement|in funds, includ|ed<br>in the above are a|s follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||||
|General fund|||141,358|(155,861)|3,564|(10,939)|
|The Balding Redevelopment||Fund|315,430|||315,430|
||||456,788|(155,861)|3,564|304,491|
|Restricted<br>funds|||||||
|StPancras International|||3,630|(13,983)||(10,353)|
|Love Gift|||846|(846)|||
|Emergency<br>Fund<br>Youth Work|||685<br>20,305|(900)<br>(24,593)||(215)<br>(4,288)|
|Homeless Projects<br>Foulerton<br>Charitable<br>Basil Shippam<br>Trust|Trust||423<br>20,000<br>400|(1,643)<br>(18,910)<br>~4003||(1,220)<br>1,090|
||||46,289|~61,2753||$14,9863|
|TOTAL FUNDS|||503,077|~217,1363|3,564|289,505|



|A cunent y|ear 12 mo|nths<br>an|d prior year 12|months<br>combined<br>po|sition<br>is as follow|s:||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.19|in funds|funds|31.12.20|
|Unrestricted<br>funds||||||||
|General fund||||651,827|24,350|(55,964)|620,213|
|The Balding Redevelopment|||Fund||315,430||315,430|
|||||651,827|339,780|(55,964)|935,643|
|Restricted|funds|||||||
|St Pancras|International|||3,826|(18,124)|22,000|7,702|
|Emergency<br>Fund<br>Youth Work||||490|(365)<br>(9,157)|9,157|125|
|Homeless|Projects|||2,392|(1,281)|||
|Foulerton|Charitable|Trust|||~24, 8073|24,807||
|||||6,708|~53,7343|55,964|8,938|
|TOTAL FUNDS||||658,535|286,046||944,581|





## 

## 

|A current year 12 m<br>as follows:|onths<br>an|d prior year 1|2 months<br>combined<br>n|et movement<br>in f|unds,<br>included<br>|in the above ar|
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||||
|General fund|||307,468|(288,217)|5,099|24,350|
|The Balding Redevelopment||Fund|315,430|||315,430|
||||622,898|(288,217)|5,099|339,780|
|Restricted<br>funds|||||||
|St Pancras International|||6,394|(24,518)||(18,124)|
|Love Gift|||846|(846)|||
|Emergency<br>Fund|||825|(1,190)||(365)|
|Youth Work|||40,006|(49,163)||(9,157)|
|Homeless<br>Projects|||423|(1,704)||(1,281)|
|Foulerton<br>Charitable|Trust||20,000|(44,807)||(24,807)|
|Basil Shippam<br>Trust<br>Chichester<br>Welfare|Trust||400<br>880|(400)<br>~8803|||
||||69,774|(123,5083||~53,7343|
|TOTAL FUNDS|||692,672|(411,7253|5,099|286,046|





## 

## 



## 

||||2020|2019|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies<br>Collections<br>at all services|||4,273|19,455|
|Standing<br>order donations<br>Income tax recoverable|||51,862<br>15,346|43,350<br>17,392|
|Legacies<br>Grants|||9,678|315,430<br>20,400|
|Donations<br>- St Pancras|International||2,361|3,229|
|Sundry<br>donations<br>and other income<br>Other planned<br>giving<br>Youth work|||36,518<br>4,507<br>19,700|16,356<br>6,717<br>20,305|
|Job Retention<br>Scheme|||3,496||
||||147,741|462,634|
|Investment<br>income|||||
|Propeity<br>rental income<br>UK dividends<br>and interest|||33,010<br>2,313|26,600<br>1,776|
||||35,323|28,376|
|Charitable<br>activities|||||
|Church hall lettings|||6,531|12,067|
|Total incoming<br>resources|||189,595|503,077|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages<br>Social security<br>Pensions|||43,030<br>77<br>593|41,540<br>362|
|Activities|||5,014|12,999|
|Parish contributions|||70,000|67,500|
|Rector's and others expenses<br>Grants to institutions|||9,180<br>11,535|9,317<br>14,933|
||||139,429|146,651|
|Support costs|||||
|Management<br>Legal and professional<br>fees<br>Upkeep<br>—Services<br>Upkeep<br>—Swanfield<br>Drive<br>Carried forward|||5,728<br>1,207<br>631<br>7,566|14,100<br>1,525<br>918<br>16,543|





## 

## 

|||||2020|2019|
|---|---|---|---|---|---|
|Management||||||
|Brought forward||||7,566|16,543|
|Repairs<br>—Buildings||||27,335|22,354|
|Maintenance|—Church|||5,917|5,956|
|Maintenance|- Hall|||5,098|6,736|
|Maintenance|- I/2 St Pancras|||6,626|10,915|
|Depreciation|ofimprovements||to property||5,339|
|Depreciation|offurniture|k equipment||98|122|
|||||52,640|67,965|
|Finance||||||
|Bank charges||||120|120|
|Governance|costs|||||
|Independent|examination|fees||2,400|2,400|
|Total resources|expended|||194,589|217,136|
|Net (expenditure)/income||||~4,994)|285,941|