Christ Church Cambridge (St Andrew the Less Cambridge) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Christ Church Carnbridge Chrfstchurch St C3rnbridg¢ CBI IHT 01223 750450 office@cccam.ors.uk www.cccam.ur&uk Registered charity number 1151611 ST ANDREW THE LESS CAMBRIDGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Contents Pages Parothial Church Council's Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet statement of Cash Flows Notes to the financial statements 8-12 Principal Address Christ Church Cambridge Christchurch Street Cambridge CB1 1HT Principal Bankers CAF Bank Limited 25 Kings Hill Avenue Ktngs Hill West Malling Kent ME19 4JQ Barclays Bank pl 28 Chesterton Road Cambridge CB4 3AZ Independent Examiner N J Hedgttr BFP, CTA, FCA Chater Allan LLP 4a Newmarket Road Cambridge CB5 8DT ST ANDREW THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE Y&qR ENDED 31 DECEMBER2021 Background The Ghurehwardens and Paro¢hial ChLJrch Council IPCCI of St Andrew the Less have the responsibility of co-operating with thè Incumbènt, The Rev'd Steve Midgley, in promoting in thÈ eedèsiÈstical Parish, the wholè mission of the Church, pastoral, eV8ngelisti¢. social and ecumenical. It also has Maintenan￿ responsibiliti¢$ for Christ Church Cambridge and Abbey Church. The parochial church council is a registered charity, charity number 1151611. embetship The mèmbèrs of the PCC are either exwofficio or elected at the Annual Parochial Church Meeting (April) in Accordance wtth the Church Representation Rules. During the year and the time at which these accounts were approved the folli)wing served as members of the PCC.. Mffnister The Rev'd Steve Mldgley Ichalmian) Assistsnt Ministèrs.. The Rev'd David Tod The Rev'd Rachel Browning The Rev'd Michael Nicholson Wardens.. Mr Tim Ensor (reappointed April 2021., Vice-chaimian) Prof Vem Farewell (rèsigned April 2021} Dr Matthew Burton (appointed April 2021) RepresentatNes on the Deanery Synod." Mrs Rachel Bruins Dr Katherine Burton Mr Brèndan Br0￿c* RepTrsentstNes on the Diocesan Synod." Dr Fiona Head (resigned April 2021) Elected Members." Dr Matthew Burton (resigned April 2021) Mrs Kery Gatiss Iresigned April 20211 Ms Dawn Henry (resigned April 2021) Prof rim Helland (resignèd April 2021) Dr Elllabeth Robar (reappointed April 2021., resigned October 2021) Mr Sam Chen MrTony Dent Ms Sarah Hamilton Dr Kevin Holmes Mr Basil Jackson Mrs Laura Kitson (reappointed April 2021) Mr Steven Painter Mrs Annette Harraway (appointed April 20211 Mr Zika Muwowo {appoinled April 2021) Mr Paul Roberts (appointed April 2021) Mrs Bente Sivertsen-wrighl (appointed April 20211 MrTony Dent Mrs Tarita SmalKvood (In attendan￿ only) Secrel8ry.' Tregsuftr At the first PCC meeting followng election, new members, duties arKI ￿spOnsIbl1[tieS were explain8d by the Chairman. ST ANDREW THE LESS CAMBR]DGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Committees The PCC operates through a numb8r of committees, which meet betweèn full meetings of the PCC. FiffF8nce and Standing Cornmitee.. This committee, Tequired by law, has the power to transact the business of the PCC be￿e￿n ils meetings, subject to any directions given by the Council. It Dversees the general financial dimerLsion of the work of St Andrew the Less by monitoring income and expenditure, budgeting 8nd Coordinating Gift Days when they occur. The F&S oversees an informal working group known as the Works Committee who attend to matters concerning the stewardship of all buildings used by the church. The F&S are also responsible for all employment-related matters. Mission Support Gro(Jp." Coordinates the usè of a budget provided by the PCC for the support of Mission work inside and outside the UK. Church Attèndance Al the 2D21 APCM there were 31412020- 3171 names on the electoral roll. A totsl revision of tre ele¢tor81 roll was carried out in 2019. The next lolal revision is due in 2025. The average Sunday attendance during the year is not 4 meaningful eomparison wth prior years due to the impact of the COVID-19 pandemic. Services continued online during the periods when pla¢es of worship were closed. Prtor yèar statistics were: 354 adults and 109 children. Review of the Year As with rnosl org8Aisations, this yèar has looked very different due to nomial with the ongoing impact of the CQVID-19 pandemic. Although places of worship were allowed to remain open dullng the third lockdown in eady 2021, numbers were s&verely Feslricted so live-streaming conb.nued to enable us to meet together for church services, albeit virtua15y. M05t of our usual activitiy was again temporarily PLrt on hold or transfered online. As reslrictions eased in the summer we adapted our activities accordingly. Bible study groups, youth groups and children's work resumed in-person. Practical and finanical support eonlinued to be offered lo those in need in our Ghurch family. Through Dur Sunday services, prayer meetings. sm811 groups and stsff te?m we have sought to care well for people's mental and spiritual health. We have also been thankful to for the rnany opportunities we've had lo share the good news of the gospel through Christianity Explored courses, our 'Tackling Life, evenings, and a range of Garol services and Christmas events. We rejoice that even though this has been another tough year for many we have a heavenly father who has done everything to meet our greatest need, through the death and resurreGtion of his son the Lord Jesus Christ. The impact on c)ur finances ￿laS been the opposite of what we had anlicipaled. OUT income is predominantly generated from regular giving (mainly through standing orders), one-off donations and grants. We are incredibly gralefvl to God that this income increased in 2021 despite the pandemic. Income from group acitimtes, events and hall bookings was inevttably lower than nomal, but the relaxing of COVID restrictions in the latter half of 2021 meant we were able lo resume some activities. Conseuqenuy income from these activities was higher than 2020, and this increasè was similarty reflected in our expenditure on these areas of activitiy. Our greatest area of expendrture is staff remuneration and accommodation and this increased on prior year with the full-year impact of the appointment of a new Associate Minister that had happened in July 2020. Extemal giving to rnissionaries and charitsb5e organsiations increased too. Our overall surplus for the yearwas £30.5k- primarrly a result of the generosity of church members in giving sacrifici211y to the ministry of the church. During the year we took the opporutnity to undertake some of the larger repairs and mainteance works, including the re-sanding and re-sealing of the hall floor, repairs to the windows of the audiitorium and adaption of some of the windows lo enable them to open and increase the ventilation. The Ministy Share sent to the Diocesé remained static al £63k (2020.. £63kl. We are thankful for a grant we receiverj from Biblical Counselling UK during the year gf £23k in recognition of the church's support of biblical counselling ancl wort In this ministy area. The Mission Support Group directed £64k from general funds (2020- £60k) to various mission groups and individuals in the UK and overseas during the year. The Finan￿ & Standing Committee also made some one-off grants to meet urgent needs in Cambridge, induding the Hope Church Chesterton food bank and The Besom. ST ANDREW THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE Y&4R ENDED 31 DECEMBER 2021 Total restricted, designated and unrestricted reserves at the year-end increased to £435k (2D20= £405kl- The unrestiicted reserve increased to £383k12020.' £343k). The level of unrestricted reserves is eonsidèred sufficient to support the ongoing activities of the Church. Financial details are discusseJ the PCC and the Flnance and Slandlng Committeè each time they meet. We 8re thankful for all those that give to God's work in this way. Policy on Reserves The St Andrew the Less PCC does not aim lo build up significant free reserves, rather it aims to spend the large majority of income received each year on gospel purposes. However, with a potential redevelopment of the Abbey Church in 2020-21 la church building which Christ Church have responsibility for) reserves had been alloweol Its accumulate over Ihe12st couple of years to fund this project. Unfortunately, despite much prayer and discussion with potential users of the Abbey Church, it was decided no wable plan for ils use could be identified. The PCC therefore agreed lo start the process of formal dosure wth the Diocese of Ely in May 2020_ The PCC Committed to finding the best use for these reseNes that woulol frjrther the charitable aims of the church and al the start of 2022 approved several new staff posts to strengthen both the pastoral leadership and operational staffing. These reserves wll ensure sufficient funding is in place for these posts over thè Coming 3 years whilst regular income increases sufficiently to meet the on-going CDSts. At the year ènd the free ￿SeNe$ stood al £383k12020'. £343k). It was our policy to have free reserves of al least £111k in 2021 (being two month's of total expenditure}. Public Benefft The St Andrew the Less PCC has considered the Charity Commi55ion's guidance on public benefit and, in particular, the specific guidan￿ on charities for the advancement of religion. In particular the PCC try to enable or(linary people to live out their faith as part of the local community through.. Worship and prayer learning about the gospel., and developing their knowledge and trust in Je¥us Christ. Provision of pastoral care for people living in the local community. Missionary and outreach work. Risk Management The major risks to which the St Andrew the Less PCC is exposed have been idèntified, r8viowad and systems established to manage those risks. Plans for Future Periods The Sl Andrèw the Less PCC intend to wntinue their main aim of promoting the gospel in Cambridge. f of the PCC Rev'd Steve Mldgley Chaimian Date.. ST ANDREW THE LESS CAMBRIDGE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREW THE LESS CAMBRIDGE I reDOrt lo the charttv trust￿$ on mv examination of the accounts of the charitv forthe vear ended 31 December 2021. RESPONSIBILITIES AND BASIS OF REPORT As the ¢hanty's truste8s you aTe responsibte for the preparation of the accounts in accordance with the ￿qUIrementS of the Charities Act 2011 {'the AGt'). l ￿port in respect of my examination c)f the charivs acwunls carried out under section 145 of the Act and in carrwng out my examination I have followed all the applicable Directions given by the Charity Commission un(kr section 14515llb) of the Act. INDEPENDENT EL4MINERS STATEMENT Since the charty's gross income exceèded £250,000 your examine4 must be a member of a body listed in section 145 of the Acl. I confim that l am qualified to undertake the examination because l a member of The Inslilute of Ch8rtered Accountsnts in England and Wales. I have completed my examination. I confimi that no material matters have come to my attention in connèction WEth the examination giving me cause to believe that in any material respect.. 1. accoLJnbng records were not kept in respect of the ¢hartsJ as required by section 130 of the Act; or 2. the accounts do not accord wth those records,. Dr 3. the accounts do not comply with the applicable requirements concerning the form and content of awounts set out in the Charities IA¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a rue and falr view vthich is not a matter considered as part of an independènt examination. I have no con¢ems and have come across no other matters in connection wfch the examination to which atten￿.0￿ should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. N J Hedger BFP, CTA, FCA Chater Allan LLP 4a Newmarket Road Cambridge CB5 8DT Date.. 08 Apnl 2022 ST ANDREW THE LESS CAMBRIDGE STATEMENT OF FINANCLAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestri¢l¢d Designatsd Restri¢ied Funds Fund$ Funds Total 2021 Totsl 2020 InGome from: Donations and lega¢les Charitable aetivity Advancement of tt)e Christian gospel Other 21al 631,151 631,151 589.813 21bl 21cl 74,712 705 14,7SO 89.462 705 75,626 830 Total Income 706.5e8 14.750 721.318 666,269 Expenditure on: Charitable activty AdVan￿Ment of the Christian gospel 671,328 19,810 691,138 600,734 Total FxpenditUTe 671,328 19,810 691.138 600,734 Net lncomellExpenditsJ￿l 35,240 15,0601 30.180 5,535 Transfer B¢tween Funds Transfer Itol I from D8signated Funds Transfer Itol I frcm Restricted Funds 4,490 14.4901 Net Movement in Funds 39,730 14,4901 15,0601 30,180 65.535 Fund Balances bfvd at 1 January 342.657 36.069 28,159 404.885 339.350 Fund Balances cl￿d at 31 Dètémber 382,3B7 31.5T9 21,099 435.065 404.8 Income and expenditure is derived solelyfrom eontinuiro opÈrations ST ANDREWTHE LESS CAMBRIDGE BALANCE SHEeT AS AT 31 DECEMBER 2020 2021 2020 FIXED ASSÉTS Tangible FI%￿ Assets 1,110 2,056 CURRENT ASs￿s Oebtors Cash at Bank and In Hand 98,263 365,590 458,853 37,553 381.628 419,181 CURRENT LIABILITIES Creditors Due Wrthin One Year 24,898 16.352 NET CURRENT ASSETS 433,955 402,829 TOTAL ASSEfs LESS CURRENT L￿BILITIEs 435.065 404,885 NET AsseTS 435.065 404,885 FUNDS Unrestricted Funds Designated Fund$ Restricted Funds 382,387 31,579 21,099 342,657 s6.￿9 28,159 10 435,065 Approved by th8 Parochii Church Counal on ....... and signèd on its behaifby. Rev'¢ Steve Midgley IC':".imanl JJLJ Mrs T8.ita Smallwood tf,":.8surerl ST ANDREW THE LESS CAMBRIDGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2021 2020 Cash flows from op¢rnting activities Net ¢ash pmvided byllu$ed IDI opeTrti activitie5 14 {1e,0381 85,687 Cash flows from investing actvities Inte￿$t recelved PurchasE of tsngiblE fixed assets Purchase of Investments Net cash provided byllLtsed inl investing a¢tivities 11.7321 11,7321 Change in cash and cash equivalents in the reporting period 15 1$.￿38 83 985 Cash and cash equivalents at th• beginning ofthe reporting period 381.628 297,673 Cash and Gash equivalents at the end of the reporting period 365 590 381,628 ST ANDREWTHE LESSCAMSRIDGE QTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEM8ÉR 2021 1 STATEMENTOFACCOUNTING POL￿[E$ Tn¢ f4Tran>al hav¢ b&en prepÈred vndar th8 hiStOT*al cwi E¢Jnvptitiefj. The charfry constiw￿ a public b8nefft entity a5 dEfined by FRS 102. Th$ fl￿￿ si81￿￿niS have been Prem￿ in ?¢¢or¢¥nr¢wl￿ A￿ntiNg Repor￿fig by Chan11￿.. Stalement ol Ret￿mended Piactlce appllcaW8 b thanbes prwring the￿arxaU￿ts in ac¢orlaTrC¢￿lh thg Finantiai RÈPLYtng Stand#rO 4ppllcabl8 in UK Republjrof lyeknd $SUaJ in O¢iob8r 2019. the Financtal Repurtin¢ $i￿￿ar0 appii¢able In th8 Ullited ￿ngd￿T￿ and Rewblic of Ir¢￿Trd IFRS to•. tre ￿￿e5 ￿ 2011. the 2006, and UK htcytèd At￿n￿n4 P￿tiCe. Sokng contem Th& I￿St￿*S cOn￿derthat thB SDlng L￿cern is •pfopTèts they clln￿dErthe tEaerwe¥ to be W￿l)Ent to th£t the tru8tegB n•n￿￿ ¢bWgstrJTh$foru)e ne* Y2 1¢ 18rnonm& and ￿th5Lb591sthe CthAtyi$ tgoinp Concern. Th¢truthes have PQWfjo1 impactaffl the Of (*r￿t(lobal pandernlcknowr zs eowr>19. In opil*On of thetru%tw VAI b&nD rnateri&l adwse et¥e¢tor Iht Ch?thrf$ abftykn C4nfnuo 85 8 Fun¢& Gen￿lU￿¥rffj￿vni*￿furta# ￿f￿&p¢¢ 8ie notSL*je￿￿a)Y re9aithry thEyru¥e and£re avthkbleforap￿won on purw PCC. Fundsdeggnaledfw? part*u&rpurpo$p tythp PCG*èai80 unTèSEri&èd. The IktyiiknesforwtiGh PCQ kn¥. They ao not indude the awrwtsofthur¢h $r4up>l*icorte rmakn anotMrbOdyrtortr￿&tst ore Trknnngl g￿￿e￿ng90t¢￿l￿th Incorne v￿￿tary￿C0rneAnd¢athIs0uKeS ¢ol*QvJns*tÈ re￿￿￿tI ie¢èived tyofon PCC. pi*ne¢ glvlng re¢eivableun*rcovenant is rec¢yris* orty￿en recd¥ed, IntrAne lax reCoverab￿u￿dPrCCV￿￿n*Thts Df9fftald don*iions i4re¢ognised in theyear invthth theLkJn*bn LqTKQgn￿ed. Grenis and le98p￿est0 1hePCca￿ accrJJrted forassoon asihe PCC L%nooned ofits18gJl IL FundstaL%éd byall thurth ev8nis ac[x￿￿tsdfOr9M￿S. S* Qf bOOk9￿d m89&*ne$from the bDDksiall 8re awJLniedtrgrs%s. Pene41in¢¢the Rertal1n￿Mefr0MIh¢ lthg ￿thethurCh premises1$ Interest ISacco￿tedfor￿￿￿ r8￿￿￿)72. Gpnts Grant Ir￿me￿5￿￿Dunted lorwhEn rpcdyed ￿￿eS8thegr￿ttL* lffjkedtO¥e0T¢a￿ rn&rysurthe pirfmsrtC+ c45ethelnwm** onty re¢4gr*eo vthen meFwform￿c*dtelIa￿r9 rneL Expenaitur¢ Grants Gr4tsts*0 aon*n$ forwhen Pa￿ wer. Dr￿rded. ￿that￿￿[d creattr%a billin9 ¢n th? PCC. Achvthè5 Chyr¢ The41<*￿rt gwta uparfigh snor¢ 15 £¢¢OUThteJ lorwhthi payab￿. knyquota at 31 DeGemberty prolide¢ these ¥xouThts 55 an not a and ès a we￿rt01 n Ihe Ea* Sheei. The pec rou%tega4Èfined r￿til)￿￿￿pen￿on uttEmeth NEST. payabl8tD th¢rged tothe Statemenl ￿N￿on0*1￿￿¥￿in ihe tedoOtowhl¢h thEY￿&t￿. Fixed Assets c¢n$e¢tsw 8nd propÈtyiS txduded the5cC￿￿tsbYS.96￿(&)￿fth9 Chafiieskt IW. by the thiJrdiwÈidÈns on specio1 tmslforthe PCC [Equ**ats￿Ity1jr￿spDsaI sinc¢the PCC consld8ts thistu be In#lenab1e ww¢rty. exp•idliuT InLW[￿d dLryingthe ye¢ron ¢On$etya￿d (rfbusf¢¢ b¥l¢lnos aTrd M¢Yeab￿￿ufCh i4fi¢thérrn*Trienance orimprovemtht, i%wirten off as exwidltur• in st￿￿￿t tsf Fin8noaiAthVrties 6ep¥ral*WJ$do%•d. A$6ets 8reonty Coptsrbsed wthdr1n￿al cDstV￿£1.oM oruvfr. Depr￿alion oftw ￿e￿+￿Et5 Dèpr￿¢￿9n 15 9robld•d on allft(ed sssbt¥On 4 str*l¢ht1ln*￿ts tsff ttostovwth￿r Useful ffvps. &>frIow8'. 3y*s simthtline Lusln# PufehaS• commitments A%¢ts uTr¢erfAl3nrn 18ai8s will￿1•d pre9ent mlfflimum lease pa5vnenL8 deWe¢￿d over the $bthpr ofth&18as&tstm the usffjl Ile Ih? a55ei cwrerneu. Intwe* is r¢¢00r￿Ed Ir th¢ *JteMem of *1n8nts21 wr tho pÉrtod of the kne yo B5 tv wtyJuC• a ¢4rffjMnt A%setshfi4d undEf hire purtha69¢on sare In tM dtpreoaied ov4rthe I￿¢￿1the aSset¢on￿$d ThE kntere&telernent ol th¢ re it* obli9ations recDDniseD in the StstwA*ni Qf Fnianoal A¢￿u¢l to Pmduce a ¢cm9*nt pedothc of chsrye the ba1an¢e Qf th¢ capLlal L•ase ptsl 7C6.566 a EXPENDrruRE Unr&slriGtsd D￿Jgna￿d Restrioted Funds FufNJ$ Fund¥ Totsi F￿d* 2¢21 2020 Charftable actiwty AdvanctThentofth• ¢hrl*4D Josp•l lal Grnnts 25,200 3B,¥QQ 25.300 3B.800 5.940 .740 27.( 3175) oVe￿￿1￿0n 69,740 59.7S) Ibl Diroclcosts 451,4Yd 62,4 f3,894 471.282 2.493 23.894 409.204 2.¥31 19.337 31.082 M￿stratiOn 15.514 599,942 15.574 619,752 540,1 Icl Support¢•sts 8ank cnarges Govem8n¢¢ 7ZD 879 67f.32ts 691.138 eOD.734 4 STAFF ¢OSTS 2021 Wagesam Sala*s 8Kial $￿ty C05ts 295,117 248.889 34.11$ 348.059 3'..S24 Thei*werRtsngmployees1202tr. during th2y8ar&Kd￿1nI vduthws. co*Sr￿ated1Dtt￿eMpj0yÉfjS 3￿ in 4lre¢ts￿ff Jbove inW21. TheVthriS nDtithled h Ihg *all¢dJ*sasrKSStiP*wl•¢ ¢O*S¥ttmpt undErChLYth OfEn¥￿ Prwoemènts￿ bytr*PCC. NoampWreceivea£60.ow ormoré durtDg the(¥Jrrent or[rtEd￿9 y8aT. Key Mal￿g￿meM￿¢￿s0M￿I Thèttslal remwalon and oenÈfftÈ pefilon wm•r0ggmertp￿nr￿wer&1sl,139. srANDREWTHE LESS CAFABRIDGE NOTES TOTHE FINANCL4LSTATEMENTS FOR THEYEAR EPIDED 31 DECEMBER2021 5 FEKÉD ASSÈYS FOR use ￿THE PCC Tangbhi F￿@d Asséts EqupmÈAt Éguipment Gross PthkV*ue As at 1 January2￿1 3,624 f.732 s.￿6 DIspDsals AS at31 Dètèmbèf2Q21 ie24 1.732 As ei 1 January2021 ha￿&fOry￿￿r ElimThted cfiSPOSEI As a131 Dp*mbgr2D21 289 578 3,379 867 NÈtBQL*Valua AS at31 Dec*mber2UZi NetBwkV￿￿e At31 DE1￿mbEr2￿20 613 Tknere￿ W￿lureSar￿ffiryS ortemsofL%ulpment h4d underlbwnceleaseagrttmenls. Thef￿&￿*￿$*tr Otth*PCC ale *ii ul4df0rth￿￿1è pufpv449. 6 DEBTORS 202 202¢ Tia¢9 DgblDr Grftpid Reo)vernblÈ Otheroebiors Prepay￿￿ts A￿rDrn Ocwtywted Funds nsferitQ)rfroM Re¥dtted FuDd$ Balanc8 at31 ￿L￿nb￿r2021 342.857 706.5é8 1671,328) 4.490 342.657 7￿.5￿8 1571.3281 1Q iE51GNATED Ful￿$ MSG Designatsd 09$￿Trat Fun4 Balafth St 1 J4nL4ry2￿If r*ferllo)Ifrorn Fun 8akn at31 D8c8mb8r2021 1.5È1 38.069 4.4È0 10.680 Z).798 Th8 ￿l￿D￿ SuppNt¢rovp (f41Sts) d8*natedfvnd hok%5fundS amtstedtothe MSGthat h￿e￿Its￿$p¢rt Th8 R8pgirs 5nd ￿8￿*&nance deST9na￿lf￿￿dh￿dSfUr￿duL￿leatOYth￿tt￿bUI￿lrng 1tr* havg noiDeen spgnL thi$ 10 ST ANDREWThE LESSCAMBRIDGE NOTES YO YHÉ HNANCIAL STATEMEP47S FOR THEYEARETrIDED 31 DECEhlBER2021 11 RESTrI¢TED FUNDS Past¢[ Support Work•r Totil * 1 Jqnwy2021 Grant lrtcomè 5.060 14.750 21.099 2$,189 14.79) Bakn *31 D<<*mw2D21 The Pastord SUpwtWLYk￿fU￿d re￿&S￿n￿a ￿￿tr￿ul¥&dfr0￿ CamM*eGwei ￿￿n￿lsupPOrtt0knd ac￿￿￿pa*0raI supportwWker8tehF Chuth from t SWember2020toS1 All￿12￿1. The Rooffund rep￿entS gmisrnade m 2016 *ethcdtyfvrrè￿t0. anJsr¢uDd, the thrthrocl. Treremarart9v￿¢ks 2reduEto becompknd In2022. 12 APIALYSISOF NET ASSETS BETWEEN FUNOS UnrBstrictsd DoSJg￿trd Restris¢èd fund* Totyl 2020 ￿￿e￿ Assets Neicurnntpsse¢s Fund 8aW 2%.￿9 435.￿5 4Q2.829 382￿7 13 ANALYS15 OFGRATrrrs 19fdnt$wt ft$miseoin tsbl¢8 k*thY. Exi*mai gr￿N91¥, h genw*, threuqdon￿affoIthts PCC SuPp￿tGrOUP (MSGI. Gr￿l￿of£￿,3oo were wdtDYhstitthionsand£41.SOOto General fun UKGrants Fnend5 Inl&mats￿5I Temrownstclenents (vkthe G￿p￿ ktiriStySupptstTrL￿tI The KfAthyTfugt InL*v￿￿aIs Cnrfsiian Herttage Sl Cuthb8rf¥ CNrth lia Ruthn UtherstychMf2n urno GènRB I￿￿¢￿alS 700 Cmsdèn Gr*Jate SlydWIWdro 40D 25.3QO 3e.5 Othar¢rtnts n 0￿￿on￿, 813Th*n9 CommittÈethoO¥etO 5ward Dnwff grdntsthew, parttijalty ¢¥s¢s ofurGeDI need. 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