| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 14 |
| Incumbent: | The Revd Dawn Jewson | Representatives on | |
|---|---|---|---|
| Deanery Synod: | Mrs Jane Potter | ||
| Chair: | The Revd Dawn Jewson | ||
| Vice Chair: | Mrs Jane Potter | Elected members: | Mrs Jay Harding * |
| Mrs Lydia Taylor | |||
| Wardens: | Mrs Elsie Baker | Mr Nandiran Ratnavel ** | |
| Mrs Fiona Klimcke | |||
| Treasurer: | Mrs Niki Fletcher | ||
| Secretary: | Mrs Elsie Baker | ||
| * Until October 2020** | |||
| From October 2020 | |||
| Bankers: | Barclays Bank Plc | ||
| 28 Knight Street | |||
| Sawbridgeworth | |||
| National Westminster Bank Plc | |||
| 12 The Rows | |||
| Harlow | |||
| Independent | |||
| examiner: | Haslers | ||
| Chartered Accountants | |||
| Old Station Road | |||
| Loughton | |||
| Essex | |||
| IG10 4PL |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| fund | funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and legacies | 3 | 23,262 | 2,910 | 26,172 | 34,503 | |
| Charitable activities | 6 | |||||
| Ministry | 1,640 | 1,640 | 2,593 | |||
| Other trading activities | 4 | 2,466 | 3,313 | 5,779 | 11,314 | |
| Investment income | 5 | 531 | 531 | 516 | ||
| Total | 27,899 | 6,223 | 34,122 | 48,926 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | 7 | |||||
| Missionary and charitable | ||||||
| giving | 84 | |||||
| Ministry | 16,000 | 16,000 | 19,000 | |||
| Church running expenses | 9,906 | 3,276 | 13,182 | 31,301 | ||
| Management and admin | 431 | |||||
| Total | 25,906 | 3,276 | - | 29,182 | 50,816 | |
| Net gains/(losses) on | ||||||
| investments | 5,002 | 5,002 | (983) | |||
| NET | ||||||
| INCOME/(EXPENDITURE) | 1,993 | 2,947 | 5,002 | 9,942 | (2,873) | |
| Transfers between funds | 14 | (514) | 514 | - | ||
| Net movement in funds | 1,479 | 3,461 | 5,002 | 9,942 | (2,873) | |
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds brought | ||||||
| forward | 6,912 | 4,991 | 13,970 | 25,873 | 28,746 | |
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 8,391 | 8,452 | 18,972 | 35,815 | 25,873 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| fund | funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| FIXED ASSETS | ||||||
| Investments | 11 | 18,972 | 18,972 | 13,970 | ||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 2,183 | - | 2,183 | 5,753 | |
| Cash at bank and in hand | 7,507 | 8,452 | 15,959 | 32,218 | ||
| 9,690 | 8,452 | 18,142 | 37,971 | |||
| CREDITORS | ||||||
| Amounts falling due within | ||||||
| one year | 13 | (1,299) | (1,299) | (26,068) | ||
| NET CURRENT ASSETS | 8,391 | 8,452 | 16,843 | 11,903 | ||
| TOTAL ASSETS LESS | ||||||
| CURRENT LIABILITIES | 8,391 | 8,452 | 18,972 | 35,815 | 25,873 | |
| NET ASSETS | 8,391 | 8,452 | 18,972 | 35,815 | 25,873 | |
| FUNDS | 14 | |||||
| Unrestricted funds | 8,391 | 6,912 | ||||
| Restricted funds | 8,452 | 4,991 | ||||
| Endowment funds | 18,972 | 13,970 | ||||
| TOTAL FUNDS | 35,815 | 25,873 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment Total |
Total | |
| funds | funds | funds funds |
funds | |
| E | e | eE | E | |
| Parish Giving Scheme | 9,154 | 50 | 9,204 | 11,353 |
| Regular giving | - | - | 6,247 | |
| Gift aid | 7,819 | 295 | 8,114 | 4,940 |
| Non-gift aid giving | 5,937 | - | 5,937 | 407 |
| Collections (open plate) | ||||
| at all services | 189 | 189 | 5,329 | |
| Flower Arrangers | ||||
| donations | 15 | |||
| Sundry donations | 163 | 2,565 | 2,728 | 6,212 |
| 23,262 | 2,910 | 26,172 | 34,503 |
| OTHER TRADING ACTIVITIES | |
|---|---|
| 2020 2019 |
|
| Unrestricted Restricted Endowment Total Total |
|
| funds funds funds funds funds |
|
| **££ £ £ £ ** | |
| Fundraising events | 2,466313- 2,779 3,156 |
| Shop income | - 1,149 |
| Grants | 3,000 3,000 7,009 |
| 2,466 3,313 5,779 11,314 |
| 2020 2019 |
||
|---|---|---|
| Unrestricted Restricted | Endowment Total Total |
|
| funds funds |
funds funds funds |
|
| **££ ** | **££ £ ** | |
| Dividends | 531 | 531516 |
| INCOME FROM CHARITABLE ACTIVITIES | ||
| 2020 2019 |
||
| Activity | e£ | |
| Fees | Ministry | 1,640 2,593 |
| CHARITABLE ACTIVITIES COSTS | |
|---|---|
| Support | |
| costs (see | |
| note 8) | |
£ |
|
| Ministry | 16,000 |
| Church running expenses | 13,182 |
| 29,182 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Church | ||||
| running | Total | Total | ||
| Ministry | expenses | activities | activities | |
£ |
£ |
£ |
£ | |
| Wages | - | 1,945 | 1,945 | 2,240 |
| Diocesan Quota | 16,000 | 16,000 | 19,000 | |
| Electricity | - | 1,483 | 1,483 | 2,784 |
| Insurance | 2,772 | 2,772 | 2,533 | |
| Services | 3,106 | 3,106 | 3,379 | |
| Repairs (Church) | 3,795 | 3,795 | 1,625 | |
| Sundries | 81 | 81 | 18,639 | |
| Flowers | - | 90 | ||
| Sunday school | 10 | |||
| Stationery, publications, photocopying | 132 | |||
| Independent examination | - | 300 | ||
| 16,000 | 13,182 | 29,182 | 50,732 |
31 December 2019. |
|||||
|---|---|---|---|---|---|
| 10. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted |
Endowment | Total | ||
| fund | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 31,948 | 2,555 | 34,503 | ||
| Charitable activities | |||||
| Ministry | 2,593 | 2,593 | |||
| Other trading activities | 1,913 | 9,401 | 11,314 | ||
| Investment income | 516 | 516 | |||
| Total | 36,970 | 11,956 | 48,926 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Missionary and charitable giving | 84 | 84 | |||
| Ministry | 19,000 | .. | 19,000 | ||
| Church running expenses | 13,765 | 17,536 | _ | 31,301 | |
| Management and admin | 431 | 431 | |||
| Total | 33,280 | 17,536 | 50,816 | ||
| Net gains/(losses) on investments | - | (983) | (983) | ||
| NET INCOME/(EXPENDITURE) | 3,690 | (5,580) | (983) | (2,873) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 3,222 | 10,571 | 14,953 | 28,746 | |
| TOTAL FUNDS CARRIED FORWARD | 6,912 | 4,991 | 13,970 | 25,873 |
| 11. | FIXED ASSET INVESTMENTS | |
|---|---|---|
| Unlisted | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2020 | 13,970 | |
| Revaluations | 5,002 | |
| At 31 December 2020 | 18,972 | |
| NET BOOK VALUE | ||
| At 31 December 2020 | 18,972 | |
| At 31 December 2019 | 13,970 | |
| There were no investment assets outside the UK. | ||
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| 2020 2019 |
||
| **E£ ** | ||
| Other debtors | 2,183 5,753 |
|
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| 2020 2019 |
||
| **££ ** | ||
| Other creditors | 1,299 26,068 |
| MOVEMENT IN FUNDS | |
|---|---|
| Net Transfers |
|
| movement between At | |
| At 1/1/20 in funds funds 31/12/20 |
|
| **££ £ £ ** | |
| Unrestricted funds | |
| General fund | 6,912 1,993(514) 8,391 |
| Restricted funds | |
| Flower Fund | 10465 169 |
| Friends of St Mary's | 3,832 2,882514 7,228 |
| Pam Gunn Memorial Fund | 55 -55 |
| Len Gunn bequest | 1,000 1,000 |
| 4,991 2,947514 8,452 |
|
| Endowment funds | |
| Williams bequest | 8,207 2,836 11,043 |
| Scoones bequest | 5,763 2,166 7,929 |
| 13,970 5,002 18,972 |
|
| TOTAL FUNDS | 25,873 9,942 35,815 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 27,899 | (25,906) | 1993 , |
|
| Restricted funds | ||||
| Flower Fund | 65 | 65 | ||
| Friends of St Mary's | 6,158 | (3,276) | 2,882 | |
| 6,223 | (3,276) | 2,947 | ||
| Endowment funds | ||||
| Williams bequest | 2,836 | 2,836 | ||
| Scoones bequest | - | 2,166 | 2,166 | |
| 5,002 | 5,002 | |||
| TOTAL FUNDS | 34,122 | (29,182) | 5,002 | 9,942 |
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/19 | in funds | 31/12/19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,222 | 3,690 | 6,912 |
| Restricted funds | |||
| Flower Fund | 179 | (75) | 104 |
| Friends of St Mary's | 9,337 | (5,505) | 3,832 |
| Pam Gunn Memorial Fund | 55 | - | 55 |
| Len Gunn bequest | 1,000 | 1,000 | |
| 10,571 | (5,580) | 4,991 | |
| Endowment funds | |||
| Williams bequest | 8,704 | (497) | 8,207 |
| Scoones bequest | 6,249 | (486) | 5,763 |
| 14,953 | (983) | 13,970 | |
| TOTAL FUNDS | 28,746 | (2,873) | 25,873 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 36,970 | (33,280) | 3,690 | |
| Restricted funds | ||||
| Flower Fund | 15 | (90) | (75) | |
| Friends of St Mary's | 11,941 | (17,446) | (5,505) | |
| 11,956 | (17,536) | (5,580) | ||
| Endowment funds | ||||
| Williams bequest | (497) | (497) | ||
| Scoones bequest | - | (486) | (486) | |
| _ | (983) | (983) | ||
| TOTAL FUNDS | 48,926 | (50,816) | (983) | (2,873) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/19 | in funds | funds | 31/12/20 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 3,222 | 5,683 | (514) | 8,391 |
| Restricted funds | ||||
| Flower Fund | 179 | (10) | 169 | |
| Friends of St Mary's | 9,337 | (2,623) | 514 | 7,228 |
| Pam Gunn Memorial Fund | 55 | 55 | ||
| Len Gunn bequest | 1,000 | 1,000 | ||
| 10,571 | (2,633) | 514 | 8,452 | |
| Endowment funds | ||||
| Williams bequest | 8,704 | 2,339 | 11,043 | |
| Scoones bequest | 6,249 | 1,680 | 7,929 | |
| 14,953 | 4,019 | 18,972 | ||
| TOTAL FUNDS | 28,746 | 7,069 | 35,815 |
above are as follows: |
||||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 64,869 | (59,186) | - | 5,683 |
| Restricted funds | ||||
| Flower Fund | 80 | (90) | (10) | |
| Friends of St Mary's | 18,099 | (20,722) | (2,623) | |
| 18,179 | (20,812) | (2,633) | ||
| Endowment funds | ||||
| Williams bequest | 2,339 | 2,339 | ||
| Scoones bequest | 1,680 | 1,680 | ||
| _ | 4,019 | 4,019 | ||
| TOTAL FUNDS | 83,048 | (79,998) | 4,019 | 7,069 |