REGISTERED CHARITY NUMBER: 1137628
REPORT OF THE TRUSTEES AND
INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
Area of Operation: London
PCC members who have served from 1 January 2020 until the date this report was approved are:
Incumbent (ex officio) Revd Josh Zvimba Reader (ex officio) Mr. Sam Okoroafor Wardens (ex officio) Ms. Paulette Otto Mr. Glen Tommy Representatives on the Mr. Leslie Davis Deanery Synod (ex officio) Ms. Jenny Bernard (Treasurer)
Elected Members Mr. Abiodun Balogun Ms. Chante Brown Mr. James Eddo Ms. Helena Farrell Ms. Lezleen Graham Ms. Cecile Myers (Co-opted Secretary) Ms. Herma Williams Mr Joshua Zvimba
PRINCIPAL ADDRESS REGISTERED CHARITY NUMBER
St Mark's Rise London E8 2LJ 1137628
INDEPENDENT Alex & Co EXAMINER Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
Page 1
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The PCC Members, who are also trustees of the charity for the purposes of the Charities Act 2011, present their report with the independently examined financial statements of the Church for the year ended 31 December 2020. The PCC have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary objective of the PCC is the promotion in its parish of "the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical". The PCC considers that in doing so it is acting for the public benefit.
Church Attendance
There were 128 persons on the Electoral Roll in April 2020, a considerable number of whom are not resident within the parish. The average attendance at Sunday morning services before Covid-19 restrictions in March 2020 was 85 adults and 25 children.
Charitable Donations
Due to Covid-19 restrictions St. Mark's Church was not able to support the Hackney Night Shelter, Church Mission Society or the Mission Aviation Fellowship in the year under review.
Volunteers
The PCC and the Incumbent express their thanks for the uncounted hours of effort put in by the many members who volunteer their time and skills, not only to provide regular services, but also to enable the other activities that are part of the church's ministry. The number of regular volunteers (excluding Trustees) is over 30.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the year and financial position of the Church are shown in the annexed financial statements.
The mission of the Church is supported by the contribution of the PCC to the cost to the Diocese of the incumbent (Church Common Fund) and by running the church building. Direct expenditure on local mission activity is shown as Ministry and Mission, and to wider organisations (including those detailed above) as Mission and Other Giving. The impact of the Covid-19 lockdown restrictions on all but the first three months of the year severely curtailed the Church’s activities and events. However, when government guidelines permitted and thanks to the generous support of our parishioners and Marks & Spencer, the Church was able to provide Food Aid for homeless people & local elders/people in need on Tuesdays, Fridays and Sundays.
Page 2
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
Financial position
There has been a significant fall in income in the year under review from £141,349 to £85,696 – a decrease of 39%. The decrease was due to the effects of the Covid-19 lockdowns where, for most of the year, the church was closed. Over the last five years the Church has achieved a steady stream of income especially from property rental. Property income in the year was £63,692 (2019: £103,857) and contributed 74% (2019: 73%) of total income.
The PCC paid in full its Church Common Fund Contribution of £40,300 (2019: £40,100). The church expenditure of £94,163 (2019: £173,363) which includes a non-cash depreciation charge of £10,192 (2019: £66,367) provided to cater for the cost incurred in Hall Refurbishment, Roof Restoration and Equipment, Fixtures and Fittings bought over the years.
Principal funding sources
Rental Income from the use of church properties continued to be the main source of income in 2020 however the PCC is thankful for the ongoing support of the Church members (congregants) who continued to support the church with donations and gifts. We are particularly grateful to those who made use of bank transfers and the collections boxes to continue their donations despite the difficulties presented by the Covid-19 restrictions.
Investment policy and objectives
The Church deposits funds with "The CBF Church of England Investment Fund" to ensure a reasonable return in terms of interest and long-term protection from inflation, and to meet ethical investment standards.
Reserves policy
It is PCC policy to maintain a balance on general funds (if possible) of around £10,000 to cover emergency situations that may arise from time to time. The balance of 30,846 on general funds at 31 December 2020 comfortably exceeds this target.
Going concern
The PCC have made appropriate enquiries, reviewed the impact of the Covid-19 situation on the charity and are satisfied that there are no implications which may be so severe as to cast doubt upon the charity's financial sustainability. They have also ensured that the charity has adequate resources and sufficient sources of funds available for the foreseeable future, and thus are confident that the charity will continue in operation for the foreseeable future, hence, a going concern basis was adopted by the trustees in preparing the accounts for the year ended 31 December 2020.
FUTURE PLANS
While the level of unrestricted funds in 2020 has remained above the minimum level, there has been a dip in donations received in the year and property income continued to be the main source of income. The PCC will continue to encourage members of the fellowship prayerfully to consider their giving, and to look at other ways of funding activities. The Church will continue to focus its main areas of charitable activities in the coming year to meet the objects of the charity. More creative and community-based projects will be undertaken to optimise the use of the Church facilities. The PCC will continue the refurbishment and enhancement of the Halls. It will also continue to drive its mission plan in conjunction with the 2021 Capital Vision.
Page 3
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Parochial Church Council (PCC) is a corporate body established by the Parochial Church Council (Powers) Measure 1956 (as amended) and the Church Representation Rules (CRR, contained in schedule 3 to the Synodical Government measure 1969 as amended). The PCC of Ecclesiastical Parish of St Marks Dalston was registered with the Charity Commission on 27 August 2010.
Recruitment and appointment of new trustees
Membership of the PCC is specified by the Church Representation Rules (CRR). All Church attendees are encouraged to register on the Electoral Roll if they meet the relevant conditions in the CRR. Those on the Electoral Roll are invited to the Annual Parochial Church Meeting (APCM, held annually in March) and encouraged to consider standing for election to the PCC. The APCM elects lay members to the PCC, and Deanery Synod Representatives (ex officio PCC members); Churchwardens (ex officio on PCC) are elected by Parish Meeting (annually, as APCM). Licensed Readers (ex officio on PCC) are entitled to serve on the PCC.
Organisational structure
The PCC met 7 times in 2020 and four times to date in 2021 to oversee and discuss the management of the Church. The PCC have established a Standing Committee which comprises the Incumbent and Churchwardens (ex officio) and the Reader, Secretary and Treasurer, which can take day-to-day or urgent decisions on behalf of the PCC. Other Sub-Committees established by the PCC are the Worship Group, Social Committee, and Children and Young People's Group.
Induction and training of new trustees
New PCC members are encouraged to attend PCC induction seminars held by the Diocese.
Related parties
Within the Church of England, St. Mark Church Dalston is a member of the Deanery of Hackney and the Diocese of London.
Risk management
The PCC have a duty to identify and review the risks to which the Church is exposed and to ensure appropriate controls are in place to provide reasonable assurance, including against fraud and error. The PCC recognises the health & safety, fire and other risks that are common to most church organisations. Our policies are subject to regular review in order to ensure that controls are appropriate, and risks at an acceptable level. The PCC is unaware of other major risks that may affect the operation of the Church in the foreseeable future.
Safeguarding
The PCC has due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. We have adopted the Diocese's "Safe Church" policy and keep activities under review.
FUNDS HELD AS CUSTODIAN FOR OTHERS
The Charity did not hold funds as custodians on behalf of others in the year ended 31 December 2020.
Page 4
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................ Revd. J Zvimba - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
Independent examiner's report to the trustees of St. Mark with St. Bartholomew Church (Church of England) Dalston London
I report to the charity trustees on my examination of the accounts of St. Mark with St. Bartholomew Church (Church of England) Dalston London (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alex Mutyaba BSc (Hons) MSc FCCA Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
Date: .............................................
Page 6
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,336 Charitable activities Church Activities Income 65,617 Investment income 2 - Total 84,953 EXPENDITURE ON Charitable activities 3 Common Fund Contribution 40,300 Church Running Costs 30,146 Finance Costs Mission and Other Giving 15 - Other 6 23,667 Total 94,128 NET INCOME/(EXPENDITURE) (9,175) Transfers between funds 12 (40,000) Net movement in funds (49,175) RECONCILIATION OF FUNDS Total funds brought forward 80,021 TOTAL FUNDS CARRIED FORWARD 30,846 |
Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,336 Charitable activities Church Activities Income 65,617 Investment income 2 - Total 84,953 EXPENDITURE ON Charitable activities 3 Common Fund Contribution 40,300 Church Running Costs 30,146 Finance Costs Mission and Other Giving 15 - Other 6 23,667 Total 94,128 NET INCOME/(EXPENDITURE) (9,175) Transfers between funds 12 (40,000) Net movement in funds (49,175) RECONCILIATION OF FUNDS Total funds brought forward 80,021 TOTAL FUNDS CARRIED FORWARD 30,846 |
Restricted funds £ 36 - 862 898 - 35 - - - 35 863 40,000 40,863 303,267 344,130 |
31.12.20 Total funds £ 19,372 65,617 862 85,851 40,300 30,181 15 - 23,667 94,163 |
31.12.19 Total funds £ 31,492 108,189 1,667 141,348 40,100 51,724 - 1,750 79,444 173,018 |
|---|---|---|---|---|
| (9,175) (40,000) (49,175) 80,021 |
(8,312) - (8,312) 383,288 |
(31,670) - (31,670) 414,958 |
||
| 30,846 | 374,976 | 383,288 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
BALANCE SHEET 31 DECEMBER 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank and in hand 33,736 CREDITORS Amounts falling due within one year 10 (2,890) NET CURRENT ASSETS 30,846 TOTAL ASSETS LESS CURRENT LIABILITIES 30,846 NET ASSETS 30,846 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank and in hand 33,736 CREDITORS Amounts falling due within one year 10 (2,890) NET CURRENT ASSETS 30,846 TOTAL ASSETS LESS CURRENT LIABILITIES 30,846 NET ASSETS 30,846 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 344,130 - |
31.12.20 Total funds £ - 377,866 (2,890) |
31.12.19 Total funds £ 10,191 378,287 (5,190) |
|---|---|---|---|---|
| 344,130 344,130 |
374,976 374,976 |
373,097 383,288 |
||
| 344,130 | 374,976 30,846 344,130 374,976 |
383,288 80,021 303,267 383,288 |
The financial statements were approved by the Board of Trustees and authorised for issue on
............................................. and were signed on its behalf by:
.............................................
J Zvimba - Trustee
.............................................
G Tommy - Trustee
The notes form part of these financial statements
Page 8
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Hall Refurbishment 20% Roof Restoration 20% Equipment Fixtures & Fittings 20%
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. INVESTMENT INCOME
| Deposit account interest Unrestricted funds £ - 3. CHARITABLE ACTIVITIES COSTS Common Fund Contributions Church Running Costs Mission and Other Giving 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Rates and water Insurance Light and heat Telephone Postage and stationery Common Church Contribution Church Cleaning Music Expenses Admin expenses Books and Teaching Materials Cleaning & Waste Collection Conferences & Meetings Expensed equipment Retreat TV licence Hospitality & Refreshment Drop in Expenses Honorarium Decoration Flowers & Gardening Mission Donations Parochial fees Bank charges Website Hosting |
Restricted funds £ 862 |
31.12.20 Total funds £ 862 31.12.20 £ 40,300 30,196 - 70,496 31.12.20 £ 593 10,389 13,041 922 287 40,300 783 860 100 606 270 500 360 - 313 777 105 (60) 172 - - 15 163 70,496 |
31.12.19 Total funds £ 1,667 31.12.19 £ 40,100 51,724 1,750 93,574 31.12.19 £ 694 10,310 23,214 931 691 40,100 3,162 4,068 250 1,283 - - 1,696 50 306 1,282 597 520 301 1,750 2,369 - - 93,574 |
|---|---|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
5. SUPPORT COSTS
| Property Governance Other resources expended Maintenance £ 20,567 costs £ 3,100 Property maintenance 31.12.20 £ 20,567 Finance Costs 15 Governance 3,100 23,682 Support costs, included in the above, are as follows: Property maintenance 31.12.20 Other resources Repairs & Maintenance expended £ 10,375 Depreciation of tangible and heritage assets 10,192 20,567 Governance costs 31.12.20 Other resources expended £ Independent Examiner’s fees 1,000 Accountancy and legal fees 2,100 3,100 |
Totals £ 23,667 31.12.19 £ 77,544 - 1,900 73,029 31.12.19 Total activities £ 11,177 66,367 77,544 31.12.19 Total activities £ 1,200 700 1,900 |
|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
6. OTHER
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | |
|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |
| £ | £ | £ | £ | |
| Support costs | _23,667 | ______- | _23,667 | _79,444 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Church Activities Income Investment income Total EXPENDITURE ON Charitable activities Common Fund Contribution Church Running Costs Mission and Other Giving Other Total NET INCOME/(EXPENDITURE) Transfers between funds |
Unrestricted funds £ 29,411 108,189 8 137,608 40,100 51,676 1,750 79,444 172,970 |
Unrestricted funds £ 29,411 108,189 8 137,608 40,100 51,676 1,750 79,444 172,970 |
Restricted funds £ 2,081 - 1,659 3,740 - 48 - - 48 |
Total funds £ 31,492 108,189 1,667 141,348 40,100 51,724 1,750 79,444 173,018 |
|---|---|---|---|---|
| (35,362) (53,007) |
3,692 53,007 |
(31,670) - |
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES – continued
| Unrestricted funds Restricted funds _£ £ Net movement in funds (88,369) 56,699 RECONCILIATION OF FUNDS Total funds brought forward 168,208 246,750 _ _________ TOTAL FUNDS CARRIED FORWARD 79,839_ 303,449 9. TANGIBLE FIXED ASSETS Improvements to Property Plant and Machinery Fixtures and Fittings £ £ £ COST At 1 January 2020 and 31 December 2020 404,453 153,007 50,772 DEPRECIATION At 1 January 2020 Charge for year 395,082 9,371 153,007 ___- 49,952 ____820 At 31 December 2020 404,453 153,007 50,772 NET BOOK VALUE At 31 December 2020 ______- _- ____-_ At 31 December 2019 9,371 - 820 |
Total funds £ (31,670) 414,958 _ _383,288 Totals £ 608,232 598,041 10,191 608,232 ______- 10,191 |
|---|---|
| _ |
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 11. MOVEMENT IN FUNDS Net movement Unrestricted funds At 1.1.20 £ in funds £ General fund 80,021 (9,175) Restricted funds Bell Fund 1,340 4 Organ Fund 1,316 3 Other Restricted Fund 1,100 - Bishop Waltham Deanery Fund 750 - Reserve Fund 13,133 324 Restoration Fund 180,871 257 Hall Refurbishment Fund 104,757 275 303,267 863 TOTAL FUNDS 383,288 (8,312) Net movement in funds, included in the above are as follows: Incoming resources Unrestricted funds £ General fund 84,953 Restricted funds Bell Fund 4 Organ Fund 3 Other Restricted Fund 35 Reserve Fund 324 Restoration Fund 257 Hall Refurbishment Fund 275 898 TOTAL FUNDS 85,851 |
31.12.20 £ 31.12.19 £ 2,890 5,190 Transfers between At funds £ 31.12.20 £ (40,000) 30,846 - 1,344 - 1,319 - 1,100 - 750 (289) 13,168 40,289 221,417 - 105,032 40,000 344,130 - 374,976 Resources expended Movement in funds £ £ (94,128) (9,175) - 4 - 3 (35) - - 324 - 257 - 275 (35) 863 (94,163) (8,312) |
|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Bell Fund Organ Fund Other Restricted Fund Bishop Waltham Deanery Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
At 1.1.19 £ 168,208 1,333 1,308 - - 13,059 126,886 104,164 246,750 414,958 |
Net movement in funds £ (35,180) - - 1,100 750 74 985 601 3,510 (31,670) |
Transfers between funds £ (53,007) 7 8 - - - 53,000 (8) 53,007 - |
At 31.12.19 £ 80,021 1,340 1,316 1,100 750 13,133 180,871 104,757 303,267 383,288 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Appeals Fund Other Restricted Fund Bishop Waltham Deanery Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
Incoming resources £ 137,608 182 1,148 750 74 985 601 3,740 141,348 |
Resources expended Movement in funds £ £ (172,788) (35,180) (182) - (48) 1,100 - 750 - 74 - 985 - 601 (230) 3,510 (173,018) (31,670) |
|---|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Bell Fund Organ Fund Other Restricted Fund Bishop Waltham Deanery Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
At 1.1.19 £ 168,208 1,333 1,308 - - 13,059 126,886 104,164 246,750 414,958 |
Net movement in funds £ (44,355) 4 3 1,100 750 398 1,242 876 4,373 (39,982) |
Transfers between funds £ (93,007) 7 8 - - (289) 93,289 (8) 93,007 - |
At 31.12.20 £ 30,846 1,344 1,319 1,100 750 13,168 221,417 105,032 344,130 374,976 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 222,561 | (266,916) | (44,355) |
| Restricted funds | |||
| Bell Fund | 4 | - | 4 |
| Organ Fund | 3 | - | 3 |
| Appeals Fund | 182 | (182) | - |
| Other Restricted Fund | 1,183 | (83) | 1,100 |
| Bishop Waltham Deanery Fund | 750 | - | 750 |
| Reserve Fund | 398 | - | 398 |
| Restoration Fund | 1,242 | - | 1,242 |
| Hall Refurbishment Fund | 876 | - | 876 |
| 4,638 | (265) | 4,373 | |
| TOTAL FUNDS | 227,199 | (267,181) | (39,982) |
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
13. GOING CONCERN
The charity trustees have made appropriate enquiries, reviewed the impact of the Covid-19 situation on the charity to assure themselves that there are no implications which may be so severe as to cast doubt upon the charity's financial sustainability, and also considered whether the charity has adequate resources and sufficient sources of funds available for the foreseeable future, and thus the trustees are confident that the charity will continue in operation for the foreseeable future, hence, a going concern basis was adopted by the trustees in preparing the accounts for the year ended 31 December 2020.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Unplanned Giving | 3,401 | 6,106 |
| Planned Giving | 13,855 | 17,514 |
| Grants | - | 1,000 |
| Garden Party/BBQ | - | 1,113 |
| Appeals | - | 182 |
| Bishop Waltham Fund | - | 750 |
| Funeral Services | 2,061 | 4,179 |
| Church cleaning | 35 | 48 |
| Book sales | 20 | - |
| Ministers Funds | - | 500 |
| Drop in | - | 100 |
| 19,372 | 31,492 | |
| Investment income | ||
| Deposit account interest | 862 | 1,667 |
| Charitable activities | ||
| Parochial fees | 1,925 | 4,332 |
| Property Income | 63,692 | 103,857 |
| 65,617 | 108,189 | |
| Total incoming resources | 85,851 | 141,348 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 593 | 694 |
| Insurance | 10,389 | 10,310 |
| Light and heat | 13,041 | 23,214 |
| Telephone | 922 | 931 |
| Postage and stationery | 287 | 691 |
| Common Church Contribution | 40,300 | 40,100 |
| Church Cleaning | 783 | 3,162 |
| Carried forward | 66,315 | 79,102 |
This page does not form part of the statutory financial statements
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| FOR THE YEAR ENDED 31 | DECEMBER 2020 | |
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 66,315 | 79,102 |
| Music Expenses | 860 | 4,068 |
| Admin expenses | 100 | 250 |
| Books and Teaching Materials | 606 | 1,283 |
| Cleaning & Waste Collection | 270 | - |
| Conferences & Meetings | 500 | - |
| Expensed equipment | 360 | 1,696 |
| Retreat | - | 50 |
| TV licence | 313 | 306 |
| Hospitality & Refreshment | 777 | 1,282 |
| Drop in Expenses | 105 | 597 |
| Honorarium | (60) | 520 |
| Decoration Flowers & Gardening | 172 | 301 |
| Mission Donations | - | 1,750 |
| Parochial fees | - | 2,369 |
| Bank charges | 15 | - |
| Website Hosting | 163 | - |
| 70,496 | 93,574 | |
| Support costs | ||
| Property Maintenance | ||
| Repairs & Maintenance | 10,375 | 11,177 |
| Depreciation of tangible assets | 10,192 | 66,367 |
| 20,567 | 77,544 | |
| Governance costs | ||
| Independent Examiner’s fees | 1,000 | 1,200 |
| Accountancy and legal fees | 2,100 | 700 |
| 3,100 | 1,900 | |
| Total resources expended | 94,163 | 173,018 |
| Net expenditure | (8,312) | (31,670) |
This page does not form part of the statutory financial statements
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