##
##
##
##
##
##
|Worship continues
in its normal
pattern,
namely:|Worship continues
in its normal
pattern,
namely:|Worship continues
in its normal
pattern,
namely:|Worship continues
in its normal
pattern,
namely:||
|---|---|---|---|---|
|Sunday|8am|Holy Communion|||
||9.15am|Morning
Prayer|||
||10.30am|Solemn Mass|||
|Monday|12.30pm|Low Mass (livestreamed||only)|
||6 pm|Choral Evensong|(term-time)||
|Wednesday|12.30pm|Holy Communion|||
|Thursday|6pm|Choral Evensong|(term-time)||
|Friday|12.30pm|Low Mass|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|funds|
||||Notes|F|||F|F|
|INCOME AND|||||||||
|ENDOWMENTS
FROM|||||||||
|Donations
and legacies|||3|57,855|94,100||151,955|124,049|
|Funds from church|activities||4|12,582|||12,582|22,457|
|Investment
income|||5|13,947|||13,947|14,219|
|Total||||84,384|94,100||178,484|160,725|
|EXPENDITURE ON|||||||||
|Raising funds||||(1,491)|1,170||(321)|(3,385)|
|Charitable
activities|||||||||
|Charitable
activities||||51,847|50,659||102,506|119,284|
|Management
and|||||||||
|administration||||10,561|||10,561|16,333|
|Other||||932|||932|932|
|Total||||61,849|51,829||113,678|133,164|
|Net gains/(losses)
investments|on|||~236)|~542)|14,289|13,511|44,053|
|NET INCOME||||22,299|41,729|14,289|78,317|71,614|
|Transfers
between||funds|2D|~1,744)|1,744||||
|Net movement
in|funds|||20,555|43,473|14,289|78,317|71,614|
|RECONCILIATION|OF||||||||
|FUNDS|||||||||
|Total funds brought||forward||139,454|244,400|183,731|567,585|495,971|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||160,009|287,873|198,D26|645,9D2|567,585|
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|F||F|F||
|FIXEDASSETS|||||||
|Tangible assets|13|2,592|||2,592|3,524|
|Investments|||||||
|Investments|14|56,191|127,511|198,020|381,722|345,036|
|Investment
property|15|170,000|||170,000|170,000|
|||228,783|127,511|198,020|554,314|518,560|
|CURRENT ASSETS|||||||
|Debtors|16|338|||338|5,997|
|Cash at bank||77,980|160,562||238,542|199,925|
|||78,318|160,562||238,880|205,922|
|CREDITORS|||||||
|Amounts
falling due within one|||||||
|year|17|(147,092)|(200)||(147,292)|(156,897)|
|NET CURRENT ASSETS||~66,774i|166,362||91,588|49,025|
|TOTAL ASSETS LESS|||||||
|CURRENT LIABILITIES||160,009|287,873|198,020|645,902|567,585|
|NET ASSETS||160,009|287,873|198,020|645,902|567,585|
##
##
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|funds|
||||Notes|F|f.||||
|FUNDS|||20||||||
|Unrestricted
funds:|||||||||
|General
fund|||||||(29,907)|(51,207)|
|Property
Revaluation|Reserve||||||115,000|115,000|
|Valerie Travis Music|Fund||||||66,109|66,854|
|Reserves
policy|||||||8,807|8,807|
||||||||160,009|139,454|
|Restricted funds:|||||||||
|Fabric Fund|||||||198,847|200,038|
|Nora Moore Bequest|||||||39,167|39,688|
|Bell Fund|||||||2,364|2,264|
|St Peters|||||||30|30|
|Peterborough
Diocese - Mission Grant|||||||2,380|2,380|
|West Organ Restoration||fund-|Bernard||||45,085||
|Sunley Foundation|||||||||
||||||||287,873|244,400|
|Endowment
funds:|||||||||
|Permanent
Endowment||Fund|||||172,385|158,731|
|FCM Boys' Choir Endowment|||Fund||||25,635|25,000|
||||||||198,020|183,731|
|TOTAL FUNDS|||||||645,8D2|567,585|
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||||F|
||Collections|||||50,728|52,720|
||Gift Aid recoverable|||||(5,809)|11,329|
||Legacies||||||5,000|
||Grants|||||102,891|45,000|
||Scholarship|||||4,145|10,000|
|||||||151,955|124,D49|
||Grants received,||included||in the above, are as follows:|||
|||||||2020|2019|
|||||||F|F|
||Constance
Travis Settlement|||||20,000|20,000|
||Friends ofCathedral|||Music|||25,000|
||DCMS|||||3,891||
||Bernard|Sunley|Foundation|||68,000||
||Davidge|Usher Trust||||5,000||
||Ouseley|Church||||6,000||
|||||||1D2,891|45,DDD|
|4.|FUNDS|FROM CHURCH|||ACTIVITIES|||
|||||||2020|2019|
||Coffee shop rent|||||10,820|19,009|
||Coffee shop recharges|||||1,762|2,408|
||Fees||||||1,040|
|||||||12,582|22,457|
|5.|INVESTMENT INCOME|||||||
|||||||2020|2019|
||||||||f.|
||Rents received (York|||Road)||7,800|7,200|
||Interest|and dividends||||6,147|7,019|
|||||||13,947|14,219|
##
##
##
|Investment
management|costs|||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|Portfolio management||||||1,679|1,735|
|Property costs - York Road||||||(2,000)|(5,120)|
|||||||321|3,385|
|CHARITABLE ACTIVITIES COSTS||||||||
||||Direct|Grant||||
||||Costs (see|funding|of|Support||
||||note 8)|activities||costs|Totals|
|Charitable
activities|||96,571|5,900||35|102,506|
|Management
and administration|||7,470|||3,091|10,561|
||||104,D41|6,90D||3.126|113,067|
|DIRECT COSTS OF CHARITABLE||ACTIVITIES||||||
|||||||2020|2019|
|||||||F|F|
|Advertising||||||257|480|
|Diocesan Parish Share||||||20,000|50,000|
|Service expenses
Music expenses||||||2,095
25,664|4,574
31,018|
|Organ and piano expenses||||||24,367|1,381|
|Church
running
expenses||||||16,216|30,181|
|Church maintenance||||||7,972|1,650|
|Administration
- printing,|stationery,|telephone|etc.|||7,470|9,755|
|||||||104,D41|129,039|
##
##
##
|INDEPENDENT
EXAMINERS' R|EMUNERATION||||
|---|---|---|---|---|
||||2019|2018|
||||F|F|
|Fees payable to the Independent
statements|Examiner for the examination|ofthe financial|1,6DD|1,620|
##
##
##
##
|The average
monthly
number o|femp|loyees
during the year|was as follows:|||
|---|---|---|---|---|---|
|||||2020|2019|
|Employees||||2|2|
|No employees
received emoluments||in excess off60,000.||||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
|||Unrestricted|Restricted|Endowment|Total|
|||funds
f|funds
f|funds
f|fundsf|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies||79,033|20,016|25,000|124,049|
|Funds from church activities||22,417|40||22,457|
|Investment
income||14,218|1||14,219|
|Total||115,668|20,057|25,000|160,725|
|EXPENDITURE ON||||||
|Raising funds||(4,584)|1,199||(3,385)|
|Charitable
activities||||||
|Charitable
activities||97,404|21,880||119,284|
|Management
and administration||16,333|||16,333|
|Other||932|||932|
|Total||110,085|23,079||133,164|
|Net gains on investments||5,290|11,835|26,928|44,053|
|NET INCOME||10,873|8,813|51,928|71,614|
|Transfers
between funds||~1,879)|1,879|||
|Net movement
in funds||8,994|10,692|51,928|71,614|
|||Pae16|||continued. ..|
##
|12.|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|OF FINANCIAL|ACTIVITIES -|continued||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Endowment|Total|
||||||funds|funds|funds|funds|
||||||F||F|F|
||RECONCILIATION
OF FUNDS||||||||
||Total funds brought|forward|||130,460|233,708|131,803|495,971|
||TOTAL FUNDS CARRIED FORWARD||||138,454|244,400|183,731|587,585|
|13.|TANGIBLE FIXEDASSETS||||||||
|||||||||Music and|
|||||||||computer|
|||||||||equipment|
|||||||||F|
||COST||||||||
||At 1 January 2020 and 31||December 2020|||||7,540|
||DEPRECIATION||||||||
||At 1 January 2020|||||||4,016|
||Charge for year|||||||932|
||At 31 December 2020|||||||4,948|
||NET BOOK VALUE||||||||
||At 31 December 2020|||||||2,592|
||At 31 December 2019|||||||3,524|
|14.|FIXEDASSET INVESTMENTS||||||||
|||||||||Listed|
|||||||||investments|
|||||||||F|
||MARKET VALUE||||||||
||At 1 January 2020|||||||345,036|
||Additions|||||||25,000|
||Disposals|||||||(1,825)|
||Revaluations|||||||13,511|
||At 31 December 2020|||||||381,722|
||NET BOOK VALUE||||||||
||At 31 December 2020|||||||381,722|
||At 31 December 2019|||||||345,036|
||There were no investment||assets outside the UK.||||||
||Included
within the above||is cash ofF8,281|(2019:F6,944).|||||
|||||Page|17|||continued. ..|
##
##
##
|INVESTMENT PROPERTY||
|---|---|
|FAIR VALUE||
|At 1 January 2020||
|and 31 December 2020|170,000|
|NET BOOK VALUE||
|At 31 December 2020|170,000|
|At 31 December 2019|170,000|
##
|DEBTORS:AMOUNT|S
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2020|2019|
|||||F|
|Prepayments
and accrued||income|216|187|
|Other debtors|||122|5,810|
||||338|5,997|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
||||2020|2019|
||||F||
|Bank loans and overdrafts||(see note 18)|140,292|147,547|
|Trade creditors|||1,292|1,918|
|PAYE 8 NIC|||246|2,026|
|Other creditors|||3,607|3,607|
|Accruals and deferred|income||1,855|1,799|
||||147,292|156,897|
##
##
##
|An analys|is
ofthe maturity
ofloans is given below:|||
|---|---|---|---|
|||2020|2019|
|||F|F|
|Amounts|falling due within one year on demand:|||
|Bank overdraRs||140,292|147,547|
|Minimum
lease payments
under non-cancellable
opera|ting
leases fall due as follows:||
|---|---|---|
||2020|2019|
|||F|
|Within one year|1,665|1,664|
|Between one and five years|832|2,497|
||2,497|4,161|
##
|MOVEMENT|IN FU|N|DS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1/1/20
F|in funds|funds
f|31/12/20
F|
|Unrestricted|funds||||||||||
|General
fund|||||||(51,207)|23,044|(1,744)|(29,907)|
|Property
Revaluation|||Reserve||||115,000|||115,000|
|Valerie Travis Music|||Fund||||66,854|(745)||66,109|
|Reserves
policy|||||||8,807|||8,807|
||||||||139,454|22,299|(1,744)|160,009|
|Restricted|funds||||||||||
|Fabric Fund|||||||200,038|(1,191)||198,847|
|Nora Moore|Bequest||||||39,688|(521)||39,167|
|Bell Fund|||||||2,264|100||2,364|
|St Peters|||||||30|||30|
|Constance|Travis Charitable||||Trust Fund|||(1,844)|1,844||
|Peterborough
Diocese - Mission Grant|||||||2,380|||2,380|
|West Organ|Restoration|||fund-||Bernard|||||
|Sunley Foundation||||||||45,085||45,085|
|Organ Scholarship
Church||Fund - Ouseley||||||100|~1001||
||||||||244,400|41,729|1,744|287,873|
|Endowment|funds||||||||||
|Permanent|Endowment|||Fund|||158,731|13,654||172,385|
|FCM Boys'|Choir Endowment|||||Fund|25,000|635||25,635|
||||||||183,731|14,289||198,020|
|TOTAL FUNDS|||||||567,585|78,317||645,802|
##
##
|Net moveme||nt
in fu|nds,|inclu|d|ed
in the abov|e are as follows:||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Incoming|Resources|Gains and|Movement|
||||||||resources|expended
F|losses|in funds
f|
|Unrestricted||funds|||||||||
|General
fund
Valerie Travis Music Fund|||||||84,384|(61,340)
~509)|~236)|23,044
~745)|
||||||||84,384|(61,849)|(236)|22,299|
|Restricted||funds|||||||||
|Fabric Fund||||||||(814)|(377)|(1,191)|
|Nora Moore||Bequest||||||(356)|(165)|(521)|
|Bell Fund|||||||100|||100|
|Constance|Travis Charitable||||Trust Fund||20,000|(21,844)||(1,844)|
|West Organ||Restoration||fund-||Bernard|||||
|Sunley Foundation|||||||68,000|(22,915)||45,085|
|Organ Scholarship
Church|||Fund|- Ouseley|||6,000|~5,900)||100|
||||||||94,100|(51,829)|(542)|41,729|
|Endowment||funds|||||||||
|Permanent||Endowment||Fund|||||13,654|13,654|
|FCM Boys'||Choir Endowment||||Fund|||635|635|
||||||||||14,289|14,289|
|TOTAL FUNDS|||||||178,484|)113,678)|13,511|78,317|
##
##
##
##
|Comparativ|es
for m|ov|ement|in funds|||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1/1/19
f|in funds
f|funds
f|31/12/19
f|
|Unrestricted
funds|||||||||
|General
fund|||||(46,640)|6,119|(10,686)|(51,207)|
|Property
Revaluation||Reserve|||115,000|||115,000|
|Valerie Travis Music||Fund|||62,100|4,754||66,854|
|Reserves
policy|||||||8,807|8,807|
||||||130,460|10,873|(1,879)|139,454|
|Restricted|funds||||||||
|Fabric Fund|||||192,639|7,399||200,038|
|Nora Moore|Bequest||||36,451|3,237||39,688|
|Bell Fund|||||2,208|56||2,264|
|St Peters|||||30|||30|
|Constance|Travis Charitable|||Trust Fund||(1,879)|1,879||
|Peterborough
Diocese - Mission Grant|||||2,380|||2,380|
||||||233,708|8,813|1,879|244,400|
|Endowment|funds||||||||
|Permanent|Endowment||Fund||131,803|26,928||158,731|
|FCM Boys'|Choir Endowment|||Fund||25,000||25,000|
||||||131,803|51,928||183,731|
|TOTAL FUNDS|||||495,971|71,614||567,555|
##
|Comparative||net movem|ent
i|n funds,
include|d
in the abov|e are as follows:|||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources
F|expended
f|losses
F|in funds
F|
|Unrestricted||funds|||||||
|General
fund
Valerie Travis Music Fund|||||115,668|(109,549)
~536)|5,290|6,119
4,754|
||||||115,668|(110,085)|5,290|10,873|
|Restricted||funds|||||||
|Fabric Fund||||||(834)|8,233|7,399|
|Nora Moore||Bequest||||(365)|3,602|3,237|
|Bell Fund|||||56|||56|
|Constance|Travis Charitable|||Trust Fund|20,001|~21,886)||~1,879)|
||||||20,057|(23,079)|11,835|8,813|
|Endowment||funds|||||||
|Permanent||Endowment|Fund||||26,928|26,928|
|FCM Boys'||Choir Endowment||Fund|25,000|||25,000|
||||||25,000||26,928|51,928|
|TOTAL FUNDS|||||16D,725|)133,164)|44,053|71,614|
|Funds information:|||||||||
|The designated
and restricted||||funds are for|the following|purposes:|||
##
##
##
##
##
|Minimum
lease receipts under non-cancellable
operatin|g
leases fall due as follows:||
|---|---|---|
||2020|2019|
||F||
|Within one year|9,000|7,650|
|Between one and five years|6,750|6,750|
|In more than five years|||
||6750|14 400|