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|||||||2020|2019*|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Note|Fund
f|Fund
f|Funds
f|Fundsf|
|Income and endowments|from:|||||||
|Charitable
activities|||2.1|58,147||58,147|59,731|
|Investments|||2.2|42,830|2,152|44 982|52 295|
|||||100977|2152|1113129|1121126|
|Expenditure
on:||||||||
|Raising funds|||3.1|6,139||6,139|7,076|
|Charitable
activities|||3.2|89441|40|89481|94,471|
|Total expenditure||||95 50D|411|95 620|101,547|
|Operating
surplus||||5,397|2,112|7,509|10,479|
|Net gains /(losses) on investments
Unrealised
gains / (losses) on investments||||74 798||74798|~816|
|Net income
/ (expenditure)|and Net movement||in Funds|80,195|2,112|82,307|(12,337)|
|Reconciliation offunds:||||||||
|Funds brought
forward
Funds carried forward|||10|241,322
~321 I|157,842
159954|399,164
40
471|411,501
399164|
|No operations
were acquired or discontinued||during the year.||||||
|*Prioryear analysis:||||||||
|||||Unrestricted|Restricted|Z019||
|||||Fund|Fund|Total futtds||
|||||f|f|f||
|Income and endowments|from:|||||||
|Charitiable
activities||||59,731||59,731||
|Investments||||49 872|2,423|52,295||
|Total income and endowments||||109603|2423|112026||
|Expenditure
on:||||||||
|Raising funds||||7,076||7,076||
|Charitable
activities||||94,411|60|94,471||
|Total expenditure||||101 4117|60|1111547||
|Operating
surplus||||8,116|2,363|10,479||
|Net (losses) on investments||||||||
|Unrealised
(losses) on|investments|||22 816||22,816||
|Net (expenditure)
/ income and Net movement|||in Funds|(14,700)|2&363|(12&337)||
|Reconciliation offunds;||||||||
|Funds brought
forward||||256,0 2|155,479|411301||
|Funds carried forward||||241 322|157042|399164||
##
|||BALANCE SHEET|BALANCE SHEET|||||
|---|---|---|---|---|---|---|---|
|||AT31STDECEMBER 2020||||||
||||||2020||2019|
||||/Vnta|f||||
|Fixed assets||||||||
|Investments||||||1,291,603|1,216,805|
|Current assets||||||||
|Debtors (including
more than on year)|f715,439(2019:f578,262) due in||5|724,401|||667,540|
|Investments|||6|158,399|||157,409|
|Cash at Bank||||1 195|290||1 255 129|
|Total Current assets||||2,078,090|||2,080,078|
|Liabilities||||||||
|Creditors: Amounts||falling due within one year|7 ~2363||4511||2 897719|
|Net current assets/0iabilities)||||||(83,360|~837 141|
|Creditors: Amounts||falling due after one year||||(726,772)||
|Total net assets|||10|||481 471|399164|
|The funds ofthe charity:||||||||
|Unrestricted
funds||||||26,277|70.880|
|Revaluation
Reserve||(unrestricted)||||95.740|220,442|
|Total Unrestricted|Fund|||||321,517|241,322|
|Restricted
income|funds||10|||159.954|157,842|
|Total funds||||||81471|399164|
##
|||||2020|20/9|
|---|---|---|---|---|---|
|Statenient ofcash fluws:||||Total /'attds|Total Fund|
||||Table||f|
|Cash flows from operating
activities:
Net cash provided
by (used in) operating
activities|||4|~95 839|248,909|
|Cash flows from investing
activities:||||||
|Dividends,
interest and rent from investments
Purchase ofinvestments||||36,990
~9903|45,265
~1,0463|
|Net cash provided
by (used in) investing
activities||||36,000|44,219|
|Change in cash and cash equivalents
in the reporting|period|||(59,839)|293,128|
|Cash and cash equivalents
at the beginning
ofthe reporting
period
Cash and cash equivalents
at the end ofthe reporting
period|||0|1255129
1 195290|962001
1 255 129|
|Table A - Reconciliation ofnet income
/ (expenditure)|to|net cash flow||||
|from operating
activities:||||2020|2079f|
|Net income / (expenditure)
for the reporting
period (as per||||||
|the statement offinancial
activities)||||82,307|(12,337)|
|Losses on investments||||(74,798)|22,816|
|Dividends,
interest
and rent from investments||||(36,990)|(45,265)|
|(Increase)
in debtors
Increase / (decrease)
in creditors
Net cash provided
by (used in) operating
activities||||(56,861)
~9497
~95 1339|(116,099)
399794
248909|
|Table B- Analysis ofcash and cash equivalents:||||||
|Cash in hand||||1,149,561|1,209.655|
|Notice deposits (less than 3 months)||||45 729|4 .474|
|Total cash and cash equivalents||||I 195 2911|I 255 119|
##
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||Unrestricted
funds —these are
discretion ofthe directors.|Unrestricted
funds —these are
discretion ofthe directors.|Unrestricted
funds —these are
discretion ofthe directors.|Unrestricted
funds —these are
discretion ofthe directors.|Unrestricted
funds —these are
discretion ofthe directors.|funds which|can be used|in accordance|with the chari|table objects a|t the|
|---|---|---|---|---|---|---|---|---|---|---|---|
|2|INCOME AND ENDOWMENTS|||||||2020|2020|2020|2019|
|||||||||Unrestricted|Restricted|Total|Total|
||2.1 Income from charitable|||activities||||||f||
||Management
charges|||||||32,396||32,396|32,612|
||Property
management|||||||14,922||14,922|15,175|
||Interest from loans to|churches||||and trusts||10829||10,829|11,944|
|||||||||511147|—|58147|59731|
||2.2 Income from investments|||||||||||
||Investment
properties|||||||38,275||38,275|47,207|
||Bank and other interest|||||||4555|I 15'I|6,707|10,088|
|||||||||42 830|.15|982||
||All investment
income||arose||from assets held||in the UK|||||
|3|EXPENDITURE|||||||2020|2020|2020|2019|
|||||||||Unrestricted|Restricted|Total|Total|
|||||||||f|f|||
||3.1 Raising funds|||||||||||
||Investment
property
expenditure|||||||6,139||6 139|7,076|
|||||||||6 139|-|6139|7 076|
||3.2 Charitable
activities|||||||||||
||Grant payable to AGBC(SE)|||||||47,191||47,191|46,406|
||Interest payable to churches||||and trusts|||37,344||37,344|42,923|
||Office and stationery|costs||||||127||127|163|
||Trustee management|charge|||||||40|40|60|
||Legal and professional||fees|||||13||13|383|
||Goverance costs|||||||4,706||4,706|4,476|
||Bank charges &interest|||||||60||60|60|
|||||||||89441|4~|89 481|94,471|
|4|INVESTMENTS||||||2020f|
|---|---|---|---|---|---|---|---|
||Investment
Properties|||||||
||Market value at 1st January 2020||||||1,216,805|
||Additions|||||||
||Unrealised
(losses) Igains||||||74 798|
||Market value at 31stDecember 2020||||||1291603|
||Historical cost at 31stDecember 2020||||||996 363|
||The directors obtained
a professional||valuation ofthe investment||properties|in September 2016 and|then updated|
||these to the year-end
using an|index adjustment.||||||
|||||||2020f|2019
f|
|5|DEBTORS|||||||
||Loans (payable after more than||one|year)||||
||Loans to churches (1)|||||240,439|83,262|
||Loans to trusts (4)|||||475 Mtl|41'5 tlotl|
|||||||715430|575.252|
||Other debtors|||||||
||Amounts
due from churches|||||4,436|86,747|
||Amount
due from trusts|||||2,819||
||Sundry debtors|||||1,707|2,531|
|||||||8,962|89 278|
||Total debtors|||||724,401|M7,540|
|6|CURRENT ASSET INVESTMENTS|||||2020|2019
f|
||Counties
and Cambridge|bank 95|days'|notice||58,399|57,409|
||Shawbrook
Bank 120days' notice|||||100000|100,000|
|||||||158399|7409|
|7|CREDITORS: amounts
falling due within|||one year||2020
f|2019
f|
||Amounts
due to churches|||||1,720,564|2,293,796|
||Amount
due to AGBC(SE)|||||309,055|438,020|
||Amounts
due to trusts|||||127,966|161,849|
||Other creditors|||||3 865|4,054|
|||||||2 161 450|2 897 719|
|8|CREDITORS: amounts
falling due within|||one year||2020
f|2019
f|
||Amounts
due to churches|||||726 772||
|RESTRICTED FUNDS|2020
f|2020|2020f|
|---|---|---|---|
||Hayes Lane|Downe|Total|
||Legacy|Legacy||
|Balance at 1st January 2020
Income
Expenditure|25,961
354
~2200|131,881
1,798
~t:0|157.842
2.152
~4400|
|Balance at 31stDecember 2020|26 295|133659|159954|
|Figures forprevious yearfor comparison|2019
f|2019|2019
f|
||Hayes Lane|Downe|Total|
||Legacy|Legacy||
|Balance at 1st January 2019|25,592|129,887|155,479|
|Income
Expenditure|399
~3300|2,024
~3300|2,423
~6600|
|Balance at 31stDecember 2019|25 961|131 881|157842|
##
||The restricted
funds arose from legacies received t
of the directors ofthe company.|o be applied for the benefi|t ofspecific|churches at the|discretion|
|---|---|---|---|---|---|
|10|NET ASSETS|Unrestricted|Restricted|2020|2019|
|||||Total|Total|
||Curre»t year|f|f|f|f|
||Investments|1,291,603||1,291,603|1,216,805|
||Net Current liabilities
Long term liabilities|(243,314)
~726 772|159,954|(83,360)
726 772|(817,641)|
|||321 517|159954|481 471|399 164|
|||||2019|2018|
|||Unrestricted|Restricted|Total|Total|
||Figures forprevious yearfor comparison|f|f|||
||Investments|1,216,805||1,216,805|256,022|
||Net Current liabilities Iassets|(975,483)|157,842|(817,641)|155,479|
||Long term liabilities|||||
|||241322|157842|399164|411501|
##
|The|company's|auditors|made the following|charges:|2020
f|2019
f|
|---|---|---|---|---|---|---|
|Fee|for audit of|accounts|||3,840|3,066|
|Fee|for other services||||66|160|
||||||3 906|3 226|
##
##
|is capacit|y|at 31 December|2020 were:||
|---|---|---|---|---|
|||||f|
|Investments||under management||4,864,288|
|Investment||properties||2,010,455|
|Property|used for charitable||purposes|1,469,732|
|Other net|assets|||(2,934)|
|Loans||||320033|
|||||8 461 674|
|manses for|which no reliable c|ost information
is available)
at 31stD|ecember 2020 was:|
|---|---|---|---|
||||f|
|Investments|under management||472,407|
|Investment|property||624,999|
|Properties|used for charitable|purposes|1,444,773|
|Other net assets|||737,053|
|Loans|||~362 122|
||||2 917 110|
##
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