**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Page 9
continued...
## **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|
|---|---|---|---|
Page 10
continued...
## **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|
|---|---|
Page 11
continued...
## **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)
-|
Page 12
continued...
## **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|
|---|---|
||_|
Page 13
continued...
## **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)|
|---|---|
Page 14
continued...
## **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)|
|---|---|---|
Page 15
continued...
## **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)|
Page 16
continued...
## **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.
Page 17
## **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
Page 18
## **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
Page 19