HOLY TRINITY CHURCH, UPPER TOOTING 74, TRINITY ROAD, Lof4DON, SW17 7RH REPORT AND ANLYUAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Vicar The Revd Dr Andrew Davey Bank NationaI Westminster Bank pl¢. Balham Independent examiners RPG Crouch Chapman LLP Chartered Accountants 5th Floor 14-16 Dowgate Hill London EC4R 2SU Registered charlty number and title 1152212 The Parochial Church Council of the ecclesiasti1 parish of Holy Trinity, Upper Tooting
HOLY TJuf41TY CHURCH. UPPER TOOTJNG ANNUAL REPORT FOR 2020 Arm purposes Holy Trinily PCC has Ihe respoJLsibtlity of co4)perdtiDg with the iD¢umb¢nt in promoting the whol¢ mis5i¢)n of th¢ ch1ch An lh¢ Paris a5 well as cating for its building5 dlld financ¢s. The Parorhial Church Council IPCCI is reglsiered with le CharÉty Commission Is Charity No. 1152212 and has prepared accounts ill accordCe wilh tbe SiaiemeLI of liecon)m¢nd¢d Prn¢tire applicabl¢ to ¢hariti¢5 pr¢parkng h¢ir a¢¢ounts in accordance wth the Fina]Kial R¢porfJDg Sian&r(1502. Objoctlves aryl a¢ttTAtles Th¢ PCC is coz]2miLted to enabling a5 mY people as po88tble 10 worship at Out church and to t¢ome part of our patS8h ¢ottynulliiy kt Holy TriDity. Thc PCC nntaInS ao overview of wor$hip IhrouEh{k th¢ parish. Our3¢rvi¢e5 and worthip put faith pra¢ti¢¢ through praycr3ndscriptur4 tllU5ic aiid s&crant. When platmibE OUT aclivities for the y¢ar. tho PCC haye ¢onsi&ttd the CoFTrmission's wid8n¢¢ publi¢ kncfit and. In particulai.the $PlfIe guid9nc¢ chariiies for1headneemtttl ofre11Ott. In particular, we ty to enableordirtary people 10 li Ibut Ih¢ir faiih as part of ovr parish community throu8h worship and prayer, pastoral ure and misston and commtanaly involvemem. As part of thi5 work it is importanrto mainthin the kbtic of the buildin Achlev¢m¢Mts alld performance. In th¢ y¢ar Ihe PCC a8 c4)nliDued kn opetate $1$ gTOUP Struttur< whostr nttmes and fuiJctiOJk4 are bllsed upon our Vision 5teMen1, namely Growing Up into GLXI IlearnillE, worship and 1)tEgyj, GrowiThgTog¢th¢r in ChristlpastOTal care andsocial ¢vemsl and Growing Out ijto the CommuDity I5510 and ¢omlliwJiLy involv¢Jnenl}. The church 15 keento offera rallgeof seTViCeS ovei thecoursc oftheyearthat Ih¢communilyfind6orhb¢n¢ficial andspbritually fulfilljng. FIX exampl¢ Lent provid¢s a quE¢l, intimel¢ an(1 reft¢ctiv¢ ¢nvironmuil for worship wtu.lsl Easter5¢rvi¢es joyful attd upliftittg. Covid.19 has howev¢r impa¢t¢d a¢ros8 all areas of the ¢hutd]'s life. inwolviD8 the Vicar And the tEadeTshsp Team in consid¢rabl¢ cr¢ativc aciivity. Th¢ Chuxh has an'opell, door polity aThJ wlls ovailable for prnyer Jnd ret]¢clion¢vy day with all being w¢lcomc to allcnd our tegLElaT seTViCCS unlil mid March 20. After lockdown, the church -opened for piivaie prayer in mid June and has r¢mained so evcr sinc¢. It re4>petsed for sthy seNice$ irt L socially dL'Staryl fornwl from July until ¢3rly January lapllrt frorn the Novembei lockdo) when the d¢ci51Qn tp G105¢ again wa5 lak¢n. Worship on-line was cr¢atively provid in Ih¢ interÈm attd sr>me seivic¢5 thol w¢r¢ held w¢r¢ Iiv¢-stream¢d. The 2020 APCM postponcd so no utxlat¢ providcd on the church electornl roll figure5 pre¥ented •1 the 2019 APCM. being 90 membe. of Mthom 33 were resident in the patisl4 and 57 non-TIdent. The average weekly counr wheD ser¢t$ wete held was tllwtscted but IIK servi¢¢s WCTE rc&lly aPPT¢¢iated by thox who weK &blt 10 allend. The Carol SeTvice a[ the Crib Service at christ8 were both held online. A talettdar of online stic] ¢v¢Ats Contrilyrted towards th¢ overdll total ot'£8.652 gtvcft to other chonties last y¢tr. It 15 the PCC'5 policy 10 ensure morjits raised and given to good causes eolltttes lo IOY¥ of our income. The parish magAiill4 which is produ¢¢d monthly is fFC¢ of chargE keeps parishioners Inform of m&ttets affccting the hurch and i$ tsn our w¢bsit¢ which as at www.hol lini1 ertoolin .uk. and g2ves full details of all our a¢tivtties. Our Outr¢a¢h projects to 8upporl people with deTnenliaaDd their carers through a Dementia Worship ar Clov¢r Caf¢ 5¢S5YO held oll¢e a moDth on Sundays in Ehe church. our weekly Carer 2nd Baby Cjroup ITriniry Tots) and our volunteer-lod Mentsl Healih GuP Ithe weekly Thursdoy aubl all eontinued I[11 the do0 were ¢lo5ed by Covid-19. The Thursday Club met again between July and NoveiDbeT w¢ Iwk forwaTd lo th¢m Jll penIng ID 2021 Webenefitfvomtho use of IheChur¢h H1$and0t¢rf&cI1i1l¢5. which wereadminisfered bythe BenefL¢eAdministrator, ZoTah BaÈg. Zorah 9150 Wovtded support fo[ the weekly Trinity HDtnvle55 Support Café. the hatne1essTS outreach projeL* which is partly 8rant fide1]. Sh¢ has et} fleblY furlotsghed during Cowid.19_ Wilh the Vicar dep4rting af Easter. ihc church will have inierregnum ia 2021. Page I
HOLY TRINITY CHURCH, UPVER TOOTING ANNUAL REPORT FOR 2020 Ictd) FlnAn¢lal R0 UÈJTestrided fLthd4 in 2020 a% per th¢ St&emenl of FirwrKial Activities showed 9 5vrplu5 for th¢ y¢yf of £11535 12019: Ioss £3,1901. Contribuiillg lo this 15 the net income arising the Glenburtiie Ro¥d property of £22.01812019.. £16.216}. which was left to Ihe chur¢h as pail of the Taylor tk¥acy. Afr rnakin8 PIOV15i9a for lh¢ tnaint¢nauc¢ of the prop¢rty i15¢1f, the balance of this in¢om¢ was spliÉ arr055 the Tower Projeci and lh¢ 6¢ra1 Building FuThd. The rest of the unrestiicted funds comprise the General Fund of the church which showtda deficit forthe yearof £9.48312019.. £19,406). This deficir had beenbudgeled for and to be met from tlie srPluS on the Flalls Account hBd not the Tower Fund reqtsired additional rSding. Pianrd giving through envelopes and standing orders fell by 1.6Q/o {2019.. 1.80/0 rise duri the year). Overall giving including tax Iccovcry wa5 4Yo bclow th¢ 2019 IOLII. Th¢ tesults rE G[ttl1¢ BlVel] th¢ prtentlol iTnpa¢t of the coronavi[. The PCC hod dld¢(f to reduce Ihetr conirtbuiion 10 the diocese. The Parish PledEt was £53,9(rf) in 2020, a decre&%e of2% ov¢rth¢ previo year's pledge of £55,0(X>. This Itigely provide5 for the Stipends and housing of Sothhwark cletgy. There wgs a stJrplus of £33,40412019.. £40,4561 OJJ the Chur¢h Halls anthher good result given the letl•l and a¢luaJ iTnpact of tk Coronavin on hall bookings of which 1.752 Ent to the TOWBT PrDjeEt and £1,652 {2019.. £21.050) the G¢n¢rAI Buitdiog Fulld. The Gen¢rul 3uilding Fund * the end Dcibe yt&r stood at rtil12019.. £102,33LI. Thtr accumulalcd balan¢e fTOm prior ytsts wasiransf¢rr¢d tothe Tower Project. the Towttclockwas repaired and monies wete sp¢nion utgthtrepatrworks to the North & sOh Porches ne¢essiiating a contsibution of £1,560 from the geD¢ral fvnd. Th¢ T0r PrOjt hAS b¢en a major capital project but was sub£l4ntaally compl¢t¢ by Ik¢ year elld wilh exp¢ndiiure lotallg £481k. It had been agreed thai net income from rhe Halls and from Glenbumie Road lettings would be div¢rt¢d lo the Froiect up to th¢ ertd of August. Wotk ha$ piogtes¥ed through the use of the Metbodr$l Chapel Aid lean facility With further monies beins diverted fro1 the Hlllls and fron) Gcneral Funds to match expeDditL]r6 to the ¢nd of th¢ y¢8r. we will rompl¢t¢ in 2021 with net costs still io com¢ of £14k. This will brillg total projtct expendiwre to just over £500k. Overall fu2Mls stood at £389,892 arth¢ of the yeardowL fiem£550,406 th¢ p[eOu8 ytaT as a t¢sult mginiy of th¢ Tower Proi¢ci. Of tht5 £9836812019.. £1073111 was spent providing Chymian ministry. Fund-r•151ng polley Th¢ chuT¢h's approach lo fund-rain8 is lo cary tlll¥ ¢)ut IR lin¢ with its Christian value& Any app¢aY is launch¢d by th¢ PCC l¢d by J ffj¢mbw of ilL¢ church thsignated by the PCC. Fund-raising acuwties are di$¢uss¢d at PCC mettitw $0 that we ¢att montiol pro8re$5 and maua8e k¢y FiskB. Wc enswe those 1$18 fund5 are properly briefed and ktK)w who they rqx)rtto. We follow the law and are open and accountable abpul the monits tatsed. No complaints urr¢ T¢¢tiv¢d about the church's fundraising attiviti¢5 dwing th¢ year. The chuTch h*5 a Safegjdg poljcy to protect vdJ2erthl¢ iDdividuals 2nd oiljer illeniF¢rs ofthe public 2nd a privacy licY displayed on the ivebsile and abidcs by these p)Iicics during th¢ cwrx ofits fvnd-raisin8 acovitics in order to wev¢iit undu¢ pr¢55ur¢ on and unxasonabl¢ behaviour I0rIJS individuals. Restrve$ pollty Ir is PCCp)licyto maintain ab•lan¢e tnutsresiiiciedfulldg wbich equates toai least fourmonthsunrestri¢tedpaym¢nts.roughly ¢quivaleni to £33,000, ie coveT calls on furtdg that may arise frotn timc lo lime. The actual 8eneral ieswes ai December r¢prent¢d just over one monihs uKrestricied paymeni& It is the PCC'S iThi¢niion ro rcixlilding these rrVeS during 2021 and st3rt repawng The MCA loats. DesigThaled atLd Restricted funds are h¢ld a5 oijilined in Not I l and 12 to th¢ kncowiis R¢5¢rves are )nvest¢d wih the CBF Church of En81ood tkposit Fund Page 2
HOI.I' TRINln' CFIURCH, UPPF.R TOOTING .4NINV.4L REI)ORI' bOR ?112V le¢dl Struclurè %ovcrth#tttt aijd mii#8tM¥enr -IhL inclliiid 0f#ppoiiilii1ir of PCC i11rbe15 ii.%cI Dill iii Ihc cli1£17 R.5¢11411oII RulLts. All illcmbcri of the cottsr¢lliiioii aTe eo[wa&j¥d 10 ¥C¥i%lci' Ilie LlcLi0if Rnll lor PLL. Th Pl'.C' 1% r¢spoi)sible mAkin&b d¢¢i51On% all 11¢[5 ofsiM¢ral inipDriancL' io parish in¢liidi#¥ ia liai¥ Ihl, fuiiJs ofiiiL PCC lli'e its be sF¢ni. The fiill PCC m¢1 ¥ iiiFK's diinn¥ Ihc #r. MiAisiry rvup5 lhiil re4uiird Aftd rLwrtcd its Iliw PCC. Tli¢ liiiniylry bYUJIIP ICIer$ ar£ Jali¢ Mi iIIT&T&n IGrowiii¥ Ui) 10 Godl. Jcaii Coopcr{CroivinbToLtdhcrin cl1¥1} and the Vicar (Gmiwiitv Oiit i0 TIIL. CliurLhll'ardLllb i]bL.1.4 nfihL' BiiilJsiibS LoinniillL'I'. fiwsal Illaiitf.4 dLYII i%'i(h by thi TT¥'a¥iir¢'i-iiriili occ.l011] 411d intoi'nial advicc gi ivhcii riquc5t¢d. AppLiils dL'oili iviili by die PCC J.5 ivhcii IiCCLS5slly. ITI h&Jilion. miiiistry group leadcrs iiTrcci iviih Ihe L5ikirclilardi5. Ihe Iiccn5¥d L'lcrov Ilic R¢adcrs io ttiriiTr Ilit LL%idL'f5hip .1 rca5urcr211dcoiivcncs t1 ToivLr14iblic ÈnbbgTiniLiii (sruiip. Truste¥. 5r&t¢inent of tesponslbiliry ID reltttioJJ to th &ttounls l Jisc105e at ¥n)' Illll. Wjth wasoimblc 4¢ciiraty, IhL t1#n¢tal of Ilie Clianty Eil rhai IIRK. tlie regi11r'1nel7lff prcKrib¢d bl. re¥tthJiioii% In. by Ili¢ Secreiiiry of SiJie. AdDtiJJi¥tr4tli'L' Ittformairo M¢ftib¢rs ofihc PCC ar¢¢iiliwcXrI1liO orckL'lidbyThenDniilll parJuhiJl ¢liurLh IAPCMI fjr¢tropiLxI bv itK lIccd n.111b¢15 111 ilL¥{lrdanc iviih ilie Cliiirnli Rvpr¢s¢rtfalI( RiilL$. Thc 2LI?11 APCK.l iv.i% p¢Jsiwnod uotil 14 ?11?1 diiL Icl The Revd Dr.4iidiriv ¢lii'Ky Th¢ Tl¢K,d Sarah Jack-son (unril DecLinb¢rl Uihcr C'lergy Church M rdeRs= Mr% fLr¢liili Hordon r JrJn C(Mr DlocY$Th SINod DL'4NI'ry 51.nud I r Ben Slw'rwood Dr Judith CiTrle Ilm l-L,briiaTy ?1) Irs jai Milliydii Mr% YvunK Pani<trTh15rtr¢iaryl Ilo Fcbruary ?11 MrJuliaii W'dre Flteitd mLiJnbcr4: KaiL' Jllla Mr èiimiianutl BoiivEr cDI IM6y Mrjohn Ff lili Februar! 211 Mi m(¢5 MLxTVthI Suiiila Mimcer Irs YiiiiiiK' Wai¥ion Iliii FLhwry ? I I Mr Chc%iLr Pinilcr Mr% Kul17 'Fi) Thc Rti.d Dr A¥tdi'L'n' l)AYQI. ,17]1 ofili¢ PCC. ?3 2021
HOLY TRINITY, UPPER TOOTING INDEPENDETrif EXAMINER'S REPORT FOR THE YEAR EF4DED 31 DECEMBER2020 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY. UPPER TOOTIIIG I report on the accounts of the Parochial Chureh Council (the"¢harity") for the year ended 3181 D¢cemb¢r 2020, which are set out on pages 6 to 18. This report is madc solcly to the Charity's Trustees, as a body* in accordancc with Section 145 of the Charilics Act 2011 and regulations made under Section 154 of that Act. My work has been undertaken so that l ffjighi stat¢ to the chatity's Ttust¢¢s tho5¢ tnaltcrs l r¢quir¢d to Stat¢ to them in an independent examiner's report and forno other pury)ose. To the fullest extent permilted by law, I do not accepi or 8ssum¢ responsibility lo anyon¢ other ilwn th¢ ¢hariiy and tlie charity's Trnstees as a body. for Jny woik or for this report. The accounts hav¢ b¢¢n pr¢par¢d in arGordance with Accounting and Reporting by ChaTilies preparing th¢ir a¢¢ouuiS in a¢cordanc¢ with the Financial Reporting Standard applicable in the UK 2nd Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statetnent of Recomrnended Practice issued on l April 2005 which is referred to in lh¢ extant regulations but has been withdrawn. This has b¢¢n done in order foI the accounts to provide a trne and fair view in accordance with the G¢nerally Accepted Accounting Practice effective for reporting periods beginning on or afler l January 2015. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER Tlie charsry's Trusiees are responsible for the preparation of the accounts. and they consider that all audil is not Tequired for this year under Se¢tion 144{21 of th¢ Chwities Act 2011 (the Act) and that an indep¢nd¢nt ¢xamin&tion is u¢¢dd. It 15 my responsibility to.. examine the accounts under section 145 of the Act. follow the procedures laid down in the Gener21 Directions glven by the Charity Commission uDdeF S¢ction 145(51{b) of the Act. and state wbether partLcular malters have come lo my attention. BASIS OF INDEPENDENT EXAmER's STATEMENT My examination was CWTi¢d out in accordance with the G¢n¢ral Dire¢tions giv¢n by th¢ Charity CoTnmi5sion. Iln examination includes a review of the aecounting records kept by the charity and a cornparison of the accounts presented with those records. It also includes consideration of any unusual il¢ms or disclosur¢s in th¢ accounts and seeking explanation5 from you a5 Trnstees concerning any such matters. The pro¢edures w)dertak¢n do not provide 811 the evidenc¢ that would b¢ r¢quired in an audit, and consequently no opinion is given a5 to whether the ac¢ouT)t5 present a 'true and fair view. and the report is limited to those matters set out in Ihe statement below. Page 4
HOLY TRINITY. UPPER TOOTING INDEPENDENT EXANIINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY. UPPER TOOTING {continuedl tNDEPENDENf EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attentton.. which gives me r¢asonable cause lo b¢lieve that in any Tnateri21 t¢speet th¢ requirements.- to keep accounting records in accordance with section 130 of the Act; and to prepare accounts whi¢h accord with the a¢¢ounting records, Accounting and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 1021 and in other respcct5 comply with th¢ a¢¢ounting T¢quirem¢nts of th¢ Arl have not been m¢t' or 2. to whi¢h, in my opinion, attention should be drawn irt order to etjable a proper understanding of the a¢counts to bo a¢h¢d. Signed.. Dated.. I S JEREMY TYRRELL F.C.A. RPG CROUCH CHAPMAN LLP Chartcred Acwuntauls 5, Floor 14-16 Dowgate Hill London EC4R 2SU Pag¢ 5
HOLY TRINITY CHURCH. VPPLR TOOTING
STATZNIENT OF FINANCIAL ACTIVITIES
FOR THE YEA[< ENDED 31 DECEMBER 2fj20
De51gDAtod
Rutstcted
TOTAL
FUNDS
TOTAL
FUNDS
2019
Ntst¢
INCOI%IE FROM:
DDTh71io&f adIeg¢10*
Chiwch OC¢lwiitY
OtJiw <Jai¥Yiies
83,&96
26.660
460
2,887
51.237
52,849
lJ9,432
77,897
167,542
2(Th1
260
732
TOTAL INCOME
271J.236
EXPENI DITURE ON:
Chrch aoiwii¢s
98.368
108
226.727
53,295
378.390
IQ8
347.587
297
3(bl
TOTAL EXPXIYDITURE
98.476
226.727
53.295
378.498
347.884
NET INCOMKIIEXPEM)ITUkEI
12,535
1172.61131
14461
(77,64BI
TRANSFERS BETWÈEFI FiINDS
(30,3291
34.?98
{3.9691
NET MOVEhlKKf IN FUNDS AFfER TIL4YL SFEPS
117.7941
13&305}
(4.415)
6Q5141
7,6481
RECONCJLIATIOIY OF FUNDS
BALANCES BROb'GKf FORWARD AT
I JANUARY 1020
28.190
516,5t
5,712
550.406
628.054
BALANCES CARRIED FORWARD AT
31 DECEMBER Z112Q
IOJ96
378.199
.189 89Z
The siotement of fine131 X¢llwLlcg sn¢lud of114¢0jDIS.
Pa98 6
Flof b'"rRIKrT I. ( III"RC11. I'PPI è iowThc,
YAlluilJlL.
(4Tr
.Nrl
I,l
HOLY TRINITY CHURCH, UPPER TOOTING NOTES TO TIIE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 l AccoufaING POLICIES The principal a¢¢ounlillg policies adopie4 judgements and key sources of ¢stimation uacertwnty in the Preparation of ihc aecovnts are as follows-. Bas1$ of prepar#tloR Of3c£ots The accounts have bceEJ prepared io giv¢ a 'tru¢ and faEr' view and have departed from the Cliarities {Accout]ts and Repons) Regulation5 2008 only to ihe ¢xtent required lo provide a 'iru¢ and fair, view. This departurc has involved lollowing the ChltieS So1 {FRS 102) published on 16 July 2014 fdther th3n thc Accounting and Reporting by Char&tie5.' Statement of Reeommended Practice effrctive frorn l April 25 which has since been withdrawr. The PCC is a public benefii entity wilh the meaning of FRS102_ The ac¢out)ts have been prepared under the historical cost convention ex¢epi for ihe valuation of investment assets, which ate shown al mark¢l valu¢. Tht aceounts include all transactions. assets alld liabiljties for which the PCC L5 re5POn5ible ill law. They do no¢ include ihe accounts of church groups that owe thcir main affiliation to another body, noi those that are illfomial gatl)eriugs of church membcrs. The accouxts have been prepared GBP and all amounts have becn munded to the ntsvest £. Prepar#tioTr of the gccounts on a golng ¢on¢ern b951s During the year the church h&d net ExrKdIturC of £160.514 tnainly as a result of the planned Tower Project 12019.. net expenditrjre of £77,648). The churcli has budgeted to achÉeve a Sn1] deficit on ordinary activitie5 in 2021 which will be covered by currcnt reservc5. Th¢ church has beell impacted by Covid-19. The PCC have been regullY monitoring and reporting on the potential impact of Cvvi&19 the chulrh since March 2020. and have been taking the apptvpriatt action to mEtigate a5 far as w)ssible any immediate and ongoing financial and opeialional IMP1. The areas wid¢r review include th¢ provision of Th'OTship. the tOT prtsj¢¢t, halls activities, the irnpa¢t 01) tash flow, and the care and fety of ehurch members in follothing Gtsvernment regulations relating 10 the pattdemic. As suc the PCC constders that all appropriate st¢P5 have been tak to dale. The members of the PCC are not aware of any circurnslances which ]night affect the going concern status of the church in the foreseeable future. For ihis reason the members ofthe PCC are of the opinion that the church can be considered & going concern for the fO$¢eable futt]re, this being a period of at le85É 12 months from thc date of approv&1 of the balance sheet. Fund5 Unrestricledfvnds filnds Set aside by the PCC that are not subject to any restrictiorjs re8arding their use and available for application on the general purposes of the PCC. DesrgnoledftiAd¥ ar¢ general funds set aside for & porticularpuwose by the PCC. They are also unr¢stri¢ted. Res11'ici¢dfund.¥ represent la) income from bequests which nrdy be expended only on those restricted objttis provided the ternis of the bequest, and (b) doThations oi grants receiv¢d for a specific objocl or invited by the PCC for a specific obje¢l. Th¢ funds may only be expended on the specifi¢ object for which they we]E given. Any balance remaining unspellt at the end of the year must be canied forwatd as a balance on that nd. Page 8
HOLY TRINITY CHURCH, UPPER TOOTING IYOTES TO THE ACCOUNTS {ctd) FOR THE YEAR Eh'DED 31 DECEMBER 2020 I ACCOUNTlf4G POLICIES (Ctd) Income and ¢Ddoivments All Tncomt ts recogtt15ed In the Ststemettt of Financial Actiyities onee the PCC has entitlement io tlic income, it ts probabl¢ that th¢ inconje will be received aTrd the atnounl of incorne recekvable can be measured reliably. Donalions ad¢aPila1sour¢e Collections are recognised whet) rtteivcd by or on bEhalf Of th¢ PCC. Planna giving rectivable und¢r gift aid is reColS¢d only when received. lrtcome tax recov¢nble on gifi aid donations Is recognised when the income is recognised. Grants and legacies to the PCC are accounted for a5 si)on as the PCC is notified of its legal entitlemenL the amount due can be n]ea5ured reliably and its llltinte re¢eipt by the PCC is ¢onsidered protrdble. Funds raised from events by such as Ihe Chtislm2s Fair ale accowited for 8ro&% i.e. brfor¢ any relat¢d costs that may have been d¢du¢ted frtsm the gross proceeds. Otherordinory incoJe Rental income from the letttng of church premises and other buildings Is recogt)i5ed whert the rental is due. IkKoMefom invesipnenls Divid¢nds are accounted forwhett due and payable. Interestentitlements are accounted f(Trr as they accrue. Tax recoverable on su¢h iiicome is recognised in thc same accountlllg year. Expenditsre Liabilities are recognised in the Stal¢ment of Financial A¢tiVilies as expenditure as soon a5 there 15 a legal or construettve obligatioji committiE)8 thc PCC to that expetllure, it IS PTobable that bettlelIt will be r¢iiuiTed and the amount of the obli8aÈion can be measured reliably. Governonce costs include costs of the prepardlion and examination of staiutoryaccounrs, the cost$ oftrllstee meetings and cost of anylegal adwce to trustees on governance ortonstitutional tnatters. Gr&#Espwtsble Gr4Lnts and donttttons are a¢counted for by the PCC once there is a legal or constructive obligation to make a paymcnt to a third party. it is probable that settlement will be required and th¢ amount of the obligation can be measured reliably. Aclivilies directly relaiiNg io ihe work ofthe church The dtocesan shaw is accounted for whett rAid. Any parish share unpaid at 31 December is provided for in th¢se a¢eowit5 as an operational (though not a legall liability 21id is shown as a ¢reditor io the Balance Sheet. Irrecoverable VAT IrrecoveJ8ble VAT 1$ charged as a Cosi against the activity for which the expenditure wa5 incUe Page 9
HOLY TRJNITY CHURCH, UPPER TOOTING NOTES TO THE ACCOUNTS (etd) FOR THE YEAR ENDED31 DECEMBER2020 I ACCOUNTING POLICIES {ctd) Ftxed assets CoiJsecr&r6dppoperty &ndvJovuble chuirhjiirtsishings. Consecrated at beneftced pioperty is not inclu(kd Èn the account5 in acrordarkce with s.1012) (a) and (¢) of th¢ Charities Act 201 Moveable church fi)iShingS held by the Vicar and cliU1)wardCnS on spceial trust for the PCC and wkn'¢h require a faculty for dispo1 are accounted are inalienable property. They are listed in 1£ chureh's inventory which can be inspected (at any asonable time}. For inali¢nable property a¢quired prior to l January 2000 there is insufficient ¢ost information available and therefore such assets are not valued in the a¢cout)ts. Items acquired since l January have been capitralis¢d and depreciated in the accounts overtheir cutrent anticipated useful ctonotnic life {initially over 4 year51 on a straight line basrs. All expenditure incuttd during the year on coDsecrdtcd or beneficed buildings, individual iltms under £I.000 01 on the iepair of moveable church fumishEngs acqlkired before J juarY 2(K)O is written off. Propej'ty The house currently let at 59 Glenburnie Road. London SW17 7NG is irtcluded at value at the date of beque plus refvrbishment costs. No provision has been made for depreciation a5 tbe PCC Coler the propety to of greater valuc ctrentlY than when initEally recognhsed. OiherfLziures.fiÉlings Lyndoffice Équiptrienl Equipment used within the church premlses is depreciated on a straight-line basis Over 4 years. Individual items of equipment with o purchase pri¢¢ of £l.(W or less ar¢ written off when Ibe asset is a¢qutr¢d. Hallf¢Yiures undfilling Hall fixruffs #nd fitting5 are depreciated on a strdigjit line basis over 10 years. Indtvidual iteins of equapment wtth a purcl)ase price of £l,(K)O or less are written off when th¢ 2sS¢t is a¢quiT¢d. Chuych orga The organ purchased in December 2004 is estitnatcd to have a useful life of tweTaty years. As such li has been depreciated on a 5tr&ight line basis tsver twenty years. against the organ depreciatiott reserve. con¢¢tg in January 2005. Invcslntenl.f Investments zre valued at market valu¢ &1311)e¢ember. Amounts tswing to the PCC at 31 December in respect of fces. rents or other incorne are showryj a5 debtors le55 proviston for amounts that may prove uncollectsble. Stock is included ai the lower of ¢osi or net realisable value. Short lerm d¢p)sit$ include cash held dcposil ¢ithcr with the CBF Church of England Funds or al the bank. Page 10
HOLY TRINITY CIIURCII, UPPER TOOTING IYOTES TO THE ACCOUNT.$ Ictdl FOR THE YEAR ENDED 31 DECEMBER 2020 I ACCOUNTIFIG POLICIES (ctd) FRnamci#l ittstrument$ The ¢hur¢h only has financial assct5 and financial liabilities of a kind that qualify as basic financial ittstTument5. Basic financial instruments are irritially recognised at trdnsaction value and subsequently measuTcd at their settletnent valu¢. Debior5 TTa& and other debtors are reco8nÈsed at ihe settlement amount after any trede discount offcTrd. Prepayments are valued at the amount prepaid net of any trade diseounts dllt. Cwh andcagh equivLylenis Cash at bank and in hand includes cash and short term highly liquid investments with a short moturity of tIee months or less from the date of a¢qtsisition 01 opening of ihe deposit or similar ac¢ounL Liabililies arFdprovisions LiabilitiEs are re£ognised when th¢re is an gbligatioh at the Balanrx Sheet date as a result of a past event, it is probabl¢ that a rTansf¢r of e¢onomic b¢nefit will b¢ required in settlement, and the amovnt of Ilie s¢ttl¢m¢nt can be cstimated 1]liblY. Liabilities are r¢cognised at the amtsunl ih£lt the ¢hari¢y anliripal¢s il will pay s¢tde ihe debt or the amtsuDt Lt has received a5 advanced payment5 forthe goods or seTViCeS it must Provide. PIovLSLOllS are measured at the best e5tim8te of the amoull15 T¢quired to settle the obligatiOEL Where the efftct of the time value of rnoney is matcrial. the provision is bascd on the pr¢5ent valu¢ of those amounts, discounted at the pre-tax discount rate that reflects the rÈsks specific to the liability. The unwinding of the diKount 15 reco8niscd within interest payable and similar char8es. Pagell
| HOLY TRINITY CHURCH, UPPER TOOTING NOTES TO THE ACCOUNTS (ctd) FOR THE YEAR ENDED 31 DECEMBER 2020 2 INCOME 2(a) Donations and legacies Planned giving Christian Giving with tax recovery Income tax recoverable on Christian Giving Other Christian Giving Loose collections General donations Wider ministry Congregational collection : Easter lilies and flowers Listed Places of Worship Grant Scheme - vat recovery Grants - Tower Project Appeal fund Grants - North Aisle Project fund Grants - Job Retention Scheme (Furlough) Grants - Support Café Grants - Southwark Diocese Grants - Thy Kingdom Come' Legacies Donations - Tower Project Appeal fund 2(b) Church activities: Church halls lettings Glenburnie Rd lettings income Magazine sales Service fees and collections Purchase of new hymn books Trinity Tots user contributions Thursday Club user contributions Insurance claim re repairs to Ladies Toilets Bank compensation and sundry Benefice Office income 2(c) Other trading activities Magazine adverts and sponsorship 2(d) Income from investments Interest TOTAL INCOME |
Unrestricted Designated Restricted TOTAL TOTAL funds funds funds FUNDS FUNDS 2020 2019 £ £ £ £ £ 56,294 - - 56,294 56,714 13,585 - - 13,585 14,154 1,780 - - 1,780 2,300 877 - - 877 2,509 304 - - 304 546 |
|---|---|
| 72,840 - - 72,840 76,223 - - 6,932 6,932 5,526 145 - - 145 977 676 249 925 2,891 - - 24,160 24,160 80,200 - - 5,000 5,000 - 1,283 2,638 1,168 5,089 - - 1,000 1,000 - 419 419 - - - - - 100 8,333 8,333 - - - 14,589 14,589 1,625 |
|
| 83,696 2,887 52,849 139,432 167,542 |
|
| - 51,087 - 51,087 69,967 25,573 - - 25,573 21,258 41 - - 41 42 668 - - 668 1,919 - - - - 150 - - - - 412 - - - - 1,319 278 - - 278 6,500 100 150 250 - - - - - 135 |
|
| 26,660 51,237 - 77,897 101,702 |
|
| 460 - - 460 260 |
|
| 460 - - 460 260 |
|
| 195 - - 195 732 |
|
| 195 - - 195 732 |
|
| 111,011 54,124 52,849 217,984 270,236 |
Page 12
HOLY T]UNITY CH¢tH, UPPER TOOTING NOTBS TO THE Accouprrs (dd) FOR TRE YEAR EIYDED 31 VECETrIBER 202 U>¢s1n(t nds R¢$irie4 runds TOTAL FtnqD5 2020 FiWDS 2019 3 EXPENDITUR 3(u) CINirdJ uaiiif4L ExpenyL¥ offundffdsin¥ forwider fftiDi$try Wldcr mini$try- (S¥50t¢ 141 C4rtrAnd Bthy Group (Tnnity Toisl Momrlc55nEss Ppij&# {Supw)rt Coftl MÈnTd Hdlh (Thut%dayClub} rkniensia Ptt>jLK (clov Ccfe 9J 6.839 93 $.652 275 249 421 2.417 2.425 2.483 9.lOQ Rupwing cwrx Millistry.. Ish Plcd8¢ t1.Y & laywadu5 eKprA JnsyraA Huing. liBbt¢ng tt¢ OrBhniSIS. nlU5TG org Churth m#lntfflunce4nd ArchiivJB fr MOSnC<051% WoT5hip {Owwing ¥Jpl M15STon l(l)wIng Ihrt) P25toYal ToBdhul Flowas G¥dcA and iw1$ Irl&ln oforga Othttcosis 53.9DD 552 7.8l6 53.9fP) 552 35.QQO 6,707 4.981 3.461 6.275 791 1.256 929 6,$46 7,373 1,056 2.525 6.275 791 929 239 2,090 239 2,090 390 82.845 39 CliwcNi Ptulls CleaDillg Refuse ¢olleLiOn Admi110[ 9,228 9.228 1.723 5.355 2,360 16.028 3.029 6,321 2.304 2.422 5.3S5 Z.36D 2D.720 Chiidi Lcadct51iip Tea vice Offipy cxpcrists, & tdcphonc 0¢x¢fi(t0ffi upcnso¥. tquipm¢ni & lel¢phoM¢ As$t Clw & l¢lrpknn BCri(C photOpIerrn1i10Tr TntLryCSt piyabl¢ Towtt Pjett L B¢ncfi¢¢ Admin151Ior Cw¢maTrcccg515". W¢p¢ndoy ExJmin&s fcES 1.92J 1,923 2.010 914 725 86 273 738 273 788 67 2.396 1.800 PerfveSIS 59 Glenbu1 Iing & tunning Iwts TDwuprojtd ¢Wt$ Rwfrep ep3iL% tts Toil¢t Clor& North & SDutb Pp¥th ttp&tg Nortli cwL% RdiliDg of church tloor 152.663 3A.749 177.768 3.265 7.272 2,963 &913 13.907 28,875 S,446 288 44.195 246 753 TOTAL OF CHURCH ACTtVlT 126.727 53.29S 378.3•D 347.517 50) Ra*Sihg Fuhrb ChThsfian Giving <4sts Towyr TOTAL OF RAISINts FUNDS 297 197 TOTAL EXPENDITURE 126.717 498 P8oo 13
HOLY TRINITY CHURCH. UPPER TOOTINC NOTES TO THE ACCOUNTS (ttdl OR THE YEAR ENDED 31 DECEMBER 2820 4IR} STAFF COSTS 2020 2019 w¢$ at 5alatiY8 Gross salllry Itss grdlli$ utsd¢TJob R{10 S¢li#n¢ lfvrjoughl 12.942 6,376 6.566 Dutin8 ikt yeat Èhe PCC employcd a part4ime 15111nlStrnor. The BenefiLf Adminis¢RtOl 15 sh1 with St AuBu51inds PCC. DriDg the coutse of t1 yeat glS Job Ra110# Scheme rclaiiDg to rhe shuittg of tbe thinis¢AoF With St Augustine's PCC amounitsl io £1.287. 4(bl PAYMENTS TO PCC MEMBERS Thc membLY5 of the PCC did not elAtm any or rcmunmtion for IhLYr wort( o# behalf of Ihc PCC in ihc yoy. S FIXED ASSETS FOR USE BY TEIE PCC Tsible fixryj a5SttS Fredld land Cliurch & building$ uipm¢rni Organ H311s fixiur¢s and fiIiiDS5 Total Cost At l 2020 Additions in the DisposJl$ in Eh¢ ytrj Ai 31 tk£t4nber 2020 364,964 23,695 14.334 404.190 1.45£ 364.9(A 2.655 23.695 DryELYialion At l 2020 Chwge for Ihe year Disposal$ in lh¢ y¢4r At Jl E)waniw202Q 17,772 14.334 33,303 1,458 273 957 Nd Bwk vlle At 31 Dccanbcr 2020 370.887 Ai 31 t)&¢ber20I9 3fy1.964 5.923 The house at $9 Gl&ibumit Ro&J kn iwt r&let v)Mml8[1Y to provide irt4)me forthethurth. The tttYteAi market volue of the pttY is Én the E4ion of £992.0W. ChuTcb a knlf-51we of J copy prillt Fruy 2012 and a bolf-share of a pboto¢opi ENJ¥ghl En Mw¢h 2020, boih ofwhith are housed rhe Benefjce Office at Holy Trinity. The church organ was ins(Alltsl in Dttember 2rJ04 depillt January 2005. l fjx fiiiings indyd¥ 2009 p4)d ate fislly 6 STOCK 2020 2019 8ertEfitt Offiit 5t4tiO11 Rcfre5hrnts nestl 589 24 24 24 7 DEBTORS 2019 2018 tTrwme tax tecovethlc Shat•l oxwses of Unitd Benefice be rLYmbuJ5wJ B£nefite Offi¢e Ill¢ List Platts of WoT5hip G]art ScbEm¢ - HfvIRC Job ReienlioD Scherne wi d Prepayments and ac£rucd 1CoMe Prepaymehis th &Ytued ibcomo hl Hdl rthi du¢ 3.798 .767 4.208 1.505 4.555 645 30.286 1.688 Page 14 13.676
HOLY TRINITY CHURCH, UPPER TOOTINC NOTES TO THE ACcos Ict&) FOR TIIK YEAR ENDED 31 DECEMBER 202 CREDITOBS FALLING DUE THIN ofE YEAR 2010 1019 H1 dwits 1 In advanre Amv41s fwldl ¢XPth$c5 Widermittislry grnils coll105 lo bc ptsd to thHriLiE5 fowtt Fund Exwditur¢ Oth¢rwdiioTS allit ¢tlIS 2.750 2.500 9,W2 4.743 3.608 23.682 I(.093 9 CREDITORS FALLING DVE AFfER MORE THAli ONE YEAR 2020 frorn MdWi$i Ch•KI Aid W¥¢AbkovLY IS yos 70.709 Thc loan is Ibe GILnbwnic Rord wa% US the TowuPrDjLfi. IITr FINANCIAL INSTRUMENTS 2020 2019 Finln¢ial ¥rnffiiscd costs 2.961 Fiwn¢Jal liil¥iirs mwur<d pi cosis Fin.1 &%%ctS a( WDOrtisel ctmipns(s $hwJ exw%e5 ofvlliityj B¢oefiLY io bc fuJnbuEsrd. Bencfi¢¢OffiLt tiJcO]rtt. ousing mAtributwo ¢Jue fm Diocc¥carEd H1 rrlll Ou Financid li7bi5iii&% me45uj * Mmortistyj o)Sl vOJnptiscS LwJitoz% * d15c1v5 in nole 8. tl DESIGNATED FUNDS EXPU11 Tr l Janv 31 Duxthber 2020 2020 2020 2020 2020 I IINI ChUh 1$ fund I l{bl buildillg fvnd 11{c) Organ dtLY1cloTh fiu 11{dl TJ) rnemorihm llo11d I 11¢) Taylor Legacy - 59 OILThburnic R(J 11(Q TAWor L¢Èw - I11a Proj 11($1 59 Cilmburnie RO fjjn I Ilh} Towet PnIL Fund Ill) Nonh AislE FvDLt (2Q.720) (20.820) (33.441 5.924 32 364.964 4.438 4.739 32 364.9(A 4,438 12.2641 35.0 516.504 2E.875 Z26.7Z7 975 Ill ChuDAi 2Q20 io £M,12412r119.. £77.9231. A grm¢ of £2.638 lectid iheOovemrtt¢rtt% job REteDlion SchLYne. Aft1$ tl¥ue asujp1 of£J3,4V4 00 ikns ffijlld (2019.. E4Q.4561 £9.483 rt IrdTeld lo thE8Lyo1 fulld tot¥veL lh¢ in ytat fund dEGcit and Q2.269 to (bc TawerFund. Idiving £1.6S2 trdnsfer(¢d 10 ih¢s<noal buildtn8 fvnd. 11(bl ThtGen¢rql buildi fjthd stgrtpj 1996. w. bdoJK¢5 uf£i.652 frorn tli¢ ch thjnd Qnd £O.840 It5 a¢ 59 GlbUrni¢ KotJ were Imsfdytd its1¥ gh¢ Iuud. A turther£5.150 W&q t$[th[ in fiDTll thENorth AislE FLtDd. £3.969 th¢ROofRcpts Fthd £1.560 fvnd5. Thet¢ w expMdilureof£20.82Tr12019.. £74.265)ana tso iIiCOmE12019.. £11. E102,3J2 WAS ImsfetY#t ¢0 ih¢TowerFutrJ. Art j¢meI In to the 018 rbe fvnd iq pax of4n t4noidmmt tL¥ 2019 (5e¢ Notc 131 11(clThe ot8 fll OP518 by (bpPCC to pmvtsde for the &ludePiIpn of Ib¢Ory mil5 the 5jNleJth yCllT ill wb)ch th¢ ha5 b¢¢th rted. a14110 of£l.18S e019". £1.1841 fro Ibis the y¢8r. I Ildl JD 2007 tEravd JTrJDalloryofthe lffjc Frank Holl&. Th¢s¢ sums kne desiguotd by th¢ PCC for in chvtt of4 m511 Tru¢ ith FI,5 tiitiljtsry. ThErtW45 ¢xptlldiIU ITr theyeJr(2019. t Bt £32 Po9e 15
IOLY TRJi%ITY CIIURCII. UPPER TOOYING
NOTÉS TO TIIE ACCOUNTS l&d)
FOA THE ENDED 31 DECXMBER 2030
11 DESIGNATED FVNDS I¢iJ
I l{¢)Thc hoLtse ai 59 olbuM1¢ Rthl Is [¢1111y. li 15 oftheTaylorLw hpJ v10n
[£325.0(1 irt 2010 to whith the eost5 ofrtfutbtheui hove
IIIOTn 2012 EhePCC sd %ide £41,000 DftheT¥loi io implemtnl sh¢conttN ofHoly Thhtiy bceofftin8 a Ccntlc ofExcdl¢rt¢e'
rorwplewiih drnaiiia thr¢(r%. expendiiyr¢ ia ihe ye IZ019.' £nil}oTh thE'CluYorCaE.
11(811The tsltsl)umie w¥ ¥¢abliS in 2019 t0pvi& furwal lo thcGlbutIe hDUSe.
ID the y¢4rwu £2.264 (2019. £9.89514nd J fiiff her£l.500 bttn S1¢ from the 2020 letttn85 inrJJMe leLYinB 3 Or£I.0$1.
I l(hl Wuth On Ih¢TowYr PrOjl i? twr. ¢)thK¢ apErtiiWc 5hc TOWLTSrtd ill July ?&19. ExptUre Ibr yeUw £152.86J.
£U.269 WAS I]rS[C in fiDrn thee1iu li1$ fuNd. £13,678 IdtlnS5 * 59 Glcnburnie £IQZ,332 from tlw Building,
£16.234 fund5bringinÉ tli¢ bon¢¢ on iho tund 10 Nl thEd of Ihr . This has fiAiuwl by th¢ M¥4lioJi$t Chty¢l Aid
loth (s¢thNoi¢ 91. An ljuslffleni tsas n1¢ Ih¢opthing Ihc SJThd ID io 2019 lswwow 131
11(i} Wodts on ¢hcprojeA lo imPtov¢ theNorth Aislewarc * Ihc bxk ofibcdurth thid ins1 x rnthnly
th 2020. ThE[eal expendilllTt ITh tlieyegrof £28,875 Q019." of£975 hal been In lh¢ to ¢rv¢r (wts
Ihe entiOn arnrthl and 11¢ Wab¢eof£J.150 irthsr io Ilie G1 Buildill8 Fund.
12 RESTRICTED PIINDS
B31anL
31 E)rthhbtT
207Q
2020
2021>
202D
121a) Mows f&nily fvd
121bl DImti Projrn% Iclovttcofrl Cutrt Swrt Gwp
12{cl Church Cwt Ftsd
12{d) RoDfR¢Th Fund
12(e> HOrneneSS Olli (Swrt Cllfel
1210 Tower pts)) Fuj
I) North Aisle
2lh) WiduMitiis¢ry Ifjrkntsl
547
?50
446
547
750
Id461
13.9691
12.168)
(38.749)
(5.446)
38.749
5.QQO
446
52.849
1.297
12P} k) 2011 idona¢i¢)11 ofU,000 from ih¢MNw fllY in m
HOLY TRINITY CIIURCH. UPPER TOOTING r40TES TO THE ACCOUNTS 1¢4ti FOR THE YEAR ENDED JI DV.CIMBER 20211 12 RESTRicfED Ftil¥D5 Ittdi 12(hl Dwing 2020 £6,932 (2019.. £5.526 fva5 fdIS to$ Widtt Ministry giving AftereKpenthtutEof £93 12019-. n75X £6.83912019.. .251) wa5 lo charity. S<e note 14. 13 ADJUSTMENT TO COMPARATIITS AA adjus1m¢ of £1.650 been ThAdeto tke compar&ivc figutts L% reE#tds the Gathl Buidling Fund 3nd the TOFund. Thi5 w&% a Ic411 of a latc atnendment io ihe amouni of e]ectri¥Ey to b¢ 10 rh¢ Toww P[tij. 14 IVIDER MINISTRY ICRAIWTSI Do5igntstod Ri%Mttod (und$ ds TOTAL TOTAL v(Trs FUNt)s 1020 2019 funds ety for the Relief ofrhe Homde$5 Poor (wo51n Lod¥¢l The New Bndse Found&tion m1(al Foundaiioll fythe Car¢ tsfVidrtn5 ofTortu NDiOum SHnt¢ "lrin05 Hea]Ih¢u¢ ThE Childzl's Sorjety Ckn¥tw Aid 726 1,626 J90 1.355 1,328 1.328 1,626 1,626 1,626 1,072 1,076 53 1,573 1.072 1.076 939 7Q4 T•tAI from sp¢¢ific tv¢r4ts 839 .652 6.244 Fwom Balh2m #nd T(tIng ComfflurJiEy AssociaLion DEC Cydon¢ tdoi Appe 500 Ttrtsl genr#l fund5 Tot&1 Eivlog 6.839 8.652 7.144 •ln 5(¥me ¢• more rdistd in addition &% ¢onBwisoD D)¢mèths filld out gift d fonns for the dwrities dilY orwrot¢ chLHues dir#tly to th¢ ¢harity. In tho G%Sc tsf thc Childrcn's SDCiCty. an Tddilionpl £230 wa5 thi3 way (2019.. £2001 15 coNfiNGENC]ES No contingency PXpVi$iOn rn¢. 16 ANALVSJS OF NET ASSETS METWEEN FUNDS UtiTesuictvJ Restrict rund5 fid8 2020 2020 ToiHI funds 202D Tansibl¢ a55etS CU¢1 assw5 370.887 105.753 370,887 113,396 (23.6821 70.709 389.892 7,643 16.3461 c)10[¥ duc over one yeat 170.709) 388.595 Page 17
HOLYTRIMTY CHLRCH, VPtrER TOOTINC QTES TO THE ACCOUNTS {ttd} FOR THE IYAR ENDED31 DEcEIBERI028 17 COMPAknTIVES FOR STATEIENT OF FINANCIAL AcrJi'iTIES ANALYSED FETWEEN FUNDS Vnro5trtti¢d Dt&lgn4tyJ Res%1 funds roYAL FLryDS 2019 Ir4COME FROF41.. 87.895 76.4fy7 26D 260 732 TOTAL If4coME 270 236 EXPEI)IT{IRE ON.. ChNrth ortii+lioS lQ1465 347.587 297 297 TOTAL EXPgNDITURE 107.603 147.S84 I¥ET INC0xPENrrTjME) TRANSFEKS FUNDS P,1901 159A85} rp7.646) NET MQV8N8NT IN PIINDS AFTER TILINSFERS {6IQ7BI 114J7•1 7.6q•l R£CONCILIATIOli OF FI]NDS BALANCES BRoufji¥f FOXWARPAT I JANVJiRY Z019 2&l90 579.582 2Q.282 621054 BALANCES CARRIED FORWAkDAf 31 DF.CEMBER 2019 $16.501 711 Ill COMPAILITTVES FOR DESIGNATED FVNDS ANALYSED BETWEEN FLINDS BAlan( l Jarturi 1019 Tw$f¢ps Blats¢y JI ¢)er Z019 Z•19 1•19 Chuwa h1 fvnd buildiTrA 77.923 {40.456) 766 175.830 5.924 32 564.964 4.4J8 tn Fk HollaTh TayiDr Lw - 59 Glthbuffli¢ Ro•J TLylor Lew . Demthtij PrOJt 59 Glthbum]¢RO fikttd J2 J64.964 4.438 .8951 115.OMI 15.1 North Sle Ffid 35.rMN) 35.0 $16 504 579.582 77.923 19 COMPAItATIYES FOR RESTpJeTED FUNDS ANALYSED BETWEEN FiJNDS B14nCC J JaDuAry Ji tknrnber 2PA9 ij 2019 2Q19 fwnily knd lknffltia Ptoira Iclttvth Cth)CJru5' Supw Gw Fund RURlS Fund Iomd(ssnS l[h Pmjr£l {sw Clfr) Tomrf PTQjryt Fund Nollb Ai51e Fun Wi4¢rMini$rry 547 750 547 750 446 3.969 544 (3.2651 1.920 9.9 S.S16 67.895 5.526 20.2$2 20 COMPAK4TIVES FORANALI'SiS OF NET ASss fyETWEEN FVNDS TDtsI ru•ds 1019 roxdj 2019 19 Tall8ibJefixed t s5 CDxkni0r&dW1tbin one J?0.187 I82.} J70.887 292.257 {lQ6.09J} (6.645 14.4641 6.fA51 544.694 Pag 18