##
##
|Council and Trustees/Directors:|Council and Trustees/Directors:|The Revd Prebendary|David Houlding|David Houlding|David Houlding|(Chairman)|
|---|---|---|---|---|---|---|
|||Mr Andrew
Roberts|(Vice Chairman)||||
|||The Right Revd Anthony||Robinson|||
|||The Venerable
lan Chandler|||||
|||The Revd Canon Steven Kirk|||||
|||The Revd Canon Kit Dunkley|||||
|||The Revd Damian Feeney|||||
|||The Revd Grant Naylor|||||
|||Mrs Alexandra
Buckingham|||||
|||Mrs Mary Speight (council member only)|||||
|||Deacon Sarah Gillard-Faulkner|||||
|||The Revd Giles Orton|(appointed||16March 2020)||
|General Secretary:||The Revd Canon Darren Smith|||||
|Registered|Office:|16Commercial
Street|||||
|||Birmingham|||||
|||Bl 1RS|||||
|Bankers:||Bank ofScotland pic|||||
|||55Temple Row|||||
|||Birmingham|||||
|||B25LS|||||
|Investment|Managers:|M&G Charities|||||
|||PO Box9038|||||
|||Chelm sford|||||
|||CM99 2XF|||||
|||CCLA|||||
|||Senator House|||||
|||85 Queen Victoria Street|||||
|||London|||||
|||EC4V 4ET|||||
|Independent|Examiner:|Nicholas
Simkins FCA|||||
|||The Dower House|||||
|||Bonehill|||||
|||Staffordshire|||||
|||B783HX|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||Note|Funds|Funds|2020|2019|
|INCOME AND ENDOWMENTS|||FROM:||g||g|g|
|Voluntary
Income:|||||||||
|Donations
Legacies|||||87,000|83,059|170,059|186,613
100,829|
|Other
Activities to Generate Funds:|||||4,500|10,275|14,775|11,820|
|Turnover
from sales ofprinting|||and goods|||95,864|95,864|149,438|
|Investment
Income
Bank Interest Received||||||142,581
381|142,581
381|135,485
147|
|Other||||||39,353|39,353||
|Total Incoming Resources|||||91,500|371,513|463,013|580,332|
|EXPENDITURE ON:|||||||||
|Costs ofgenerating
funds:|||||||||
|Costs ofgenerating
voluntary
income
Cost ofgoods and printing
for sales|||||16,500|90,770
126,131|107,270
126,131|151,823
172,491|
|Charitable
activities|||||||||
|Grants (including
placement||grants)|||56,457||56,457|87,695|
|Governance
costs||||||4,537|4,537|5,350|
|Total Expenditure|||||72,957|221,438|294,395|417,359|
|Net Income/(Expenditure)
before gains and losses||||on|||||
|investments|||||18,543|150,075|168,618|162,973|
|Net (losses)/gains
Irom investments||||||(228,304)|(228,304)|149,337|
|Net Income/(Expenditure)|||||18,543|(78,229)|(59,686)|312,310|
|Other recognised
(losses)/gains|||||||||
|Actuarial
(losses)/gains
on deiined benefit|||||||||
|Pension scheme||||13||(1,000)|(1,000)|10,000|
|Net movement
in funds|||||18,543|(79,229)|(60,686)|322,310|
|Funds Brought Forward|||||34,704|4,704,378|4,739,082|4,416,772|
|Total Incoming Resources|||||53,247|4,625,149|4,678,396|4,739,082|
##
##
|Comparative
SOFA for|2019|2019||||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Funds|Funds|2019|2018|
|||||||||g||
|INCOME AND KNDOVVMKNTS||||FROM:||||||
|Voluntary
Income:||||||||||
|Donations||||||73,000|109,613|182,613|237,078|
|Legacies|||||||100,829|100,829|9,382|
|Other|||||||11,820|11,820||
|Activities to Generate Funds:||||||||||
|Turnover
from sales ofprinting||||and goods|||149,438|149,438|229,752|
|Invesnnent
Income|||||||84,418|84,418|120,629|
|Bank Interest Received|||||||51,214|51,214|29|
|Total Incoming Resources||||||73,000|507,332|580,332|596,870|
|EXPENDITURE ON:||||||||||
|Costs ofgenerating
funds:||||||||||
|Costs ofgenerating
voluntary
Cost ofgoods and printing
for|||income
sales|||18,000|133,823
172,491|151,823
172,491|147,860
243,122|
|Charitable
activities||||||||||
|Grants (including
placement||grants)||||87,695||87,695|95,239|
|Governance
costs|||||||5,350|5,350|4,789|
|Total Expenditure||||||105,695|311,664|417,359|491,010|
|Net Income/(Expenditure)|before||gains and losses||on|||||
|investments||||||(32,695)|195,668|162,973|105,860|
|Net gains from investments|||||8||149,337|149,337|132,507|
|Net gains on current asset invesnnents|||||10||||68,086|
|Net Income/(Expenditure)||||||(32,695)|345,005|312,310|306,453|
|Other recognised
(losses)/gains||||||||||
|Actuarial
(losses)/gains
on defined|||benefit|||||||
|Pension scheme|||||13||10,000|10,000|2,000|
|Net movement
in funds||||||(32,695)|355,005|322,310|308,453|
|Funds Brought Forward||||||67,399|4,349,373|4,416,772|4,108,319|
|Total Incoming Resources||||||34,704|4,704,378|4,739,082|4,416,772|
##
##
||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
||||Note|g|||||
|FIXEDASSETS|||||||||
|Tangible assets||||||707,443||602,417|
|Investments||||||3,880,095||4,055,499|
|||||||4,587,538||4,657,916|
|CURRENT ASSETS|||||||||
|Debtors|||9|11,942|||27,013||
|Cash at Bank and in|Hand|||98,996|||88,292||
|||||110,938|||115,305||
|CRKDITORSi Amounts||falling|||||||
|due within one year|||10|(16,080)|||(28,139)||
|||||||94,858||87,166|
|Net Assets excluding|pension liability|||||4,682,396||4,745,082|
|Defined benefit pension scheme liability|||13|||(4,000)||(6,000)|
|Net Assets||||||4,678,396||4,739,082|
|FUNDS|||||||||
|Restricted Funds|||15/16|||53,247||34,704|
|Unrestricted
Funds|||15/16|||4,625,149||4,704,378|
|Net Assets||||||4,678,396||4,739,082|
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities:|||||||
|Net income/(expenditure)
for the reporting|||period|||(59,686)|312,310|
|Adjustments
for:||||||||
|Depreciation
charges||||||26,058|25,620|
|Losses/(Gains)
on investments||||||228,304|(149,337)|
|Pension fund movements||||||(3,000)|(3,000)|
|Dividends,
interest and rents from investments||||||(142,962)|(135,632)|
|(Increase)/Decrease
in debtors||||||15,072|1,930|
|Increase/(Decrease)
in creditors||||||(12,059)|(1,594)|
|Net cash provided
by operating
activities||||||51,727|50,297|
|Cash flows from investing|activities:|||||||
|Dividends
and interest from|investments|||||142,962|135,632|
|Proceeds on disposal ofinvestments||||||279,538|193,483|
|Purchase offixed assets
Purchase ofinvestments||||||(131,084)
(279,538)|(15,000)
(543,483)|
|Net cash provided
by/(used|in) investing||activities|||11,878|(229,368)|
|Change in cash and cash equivalents||in the reporting|||period|63,605|(179,071)|
|Cash and cash equivalents
at|the beginning||ofthe period|||229,732|408,803|
|Cash and cash equivalents|at the end|ofthe reporting|||period|293,337|229,732|
|Cash and cash equivalents
at|the end of|the|reporting|period comprises:||||
|Cash at bank and in hand||||||98,996|88,292|
|Cash held on invesnnent||||||194,341|141,440|
|||||||293,337|229,732|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||2020||2019||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Unrestricted|Restricted|
||||g|g||
|Institutional
(2019 - 5)|grants made for the support ofclergy: 4||37,000||49,500|
|Parochial Church Councils —13(23 in 2019)|||19,457||38,195|
||||56,457||87,695|
##
##
||||Voluntary|Printing,|Total|Voluntary|Printing,|Total|
|---|---|---|---|---|---|---|---|---|
||||Income|Activities|2020|Income|Activities|2019|
|||||and|||slid||
|||||purchases|||purchases||
|||||for re-sale|||for re-sale||
|Organising
expenses
Staffcosts
Costs ofprinting
activities and|||11,099
47,837|54,354
52,632|11,099
102,191
52,632|31,646
38,625|65,430
71,086|31,646
104,055
71,086|
|goods for sale|||||||||
|General office expenses|||3,671|1,835|5,506|30,627|15,313|45,940|
|Postage|||1,224|11,018|12,242|1,485|13,361|14,846|
|Telephone|||1,613|3,226|4,839|1,645|3,290|4,935|
|Gas, electricity and||water|3,747|3,066|6,813|4,901|4,011|8,912|
|Professional|fees and bank||2,121||2,121|2,774||2,774|
|charges|||||||||
|Property repairs and||expenses|9,753||9,753|8,396||8,396|
|Vocations|||147||147|6,104||6,104|
|Depreciation:|||||||||
|Freehold|property||2,157||2,157|1,857||1,857|
|Leasehold|property||2,747||2,747|2,747||2,747|
|Office furniture||and|21,154||21,154|21,016||21,016|
|equipment|||||||||
||||107,270|126,131|233,401|151,823|172,491|324/ 14|
##
||||2020|2019|
|---|---|---|---|---|
|Independent|Examination||3,300|3,200|
|Council Meeting and members||expenses|1,237|2,150|
||||4,537|5,350|
##
|6.|STAFF COSTS||||
|---|---|---|---|---|
||||2020|2019|
||||g||
||Wages and Salaries (including
Social Security Costs
Pension Costs|benefits in kind)|90,228
4,641
7,322|90,558
6,469
7,028|
||||102,191|104,055|
|||||2020|2019|
|---|---|---|---|---|---|
|Support|ofthe|charitable|activities|No
1|No
1|
|Trading||||2|3|
##
|7.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|
||||Leasehold|Freehold|Furniture
dr|Total|
||||Property|Property|Equipment||
|||||g|||
||COST||||||
||1 October 2019||380,500|107,825|209,652|697,977|
||Additions|||130,391|693|131,084|
||Transfer||15,000|(15,000)|||
||30September 2020||395,500|223,216|210,345|829,061|
||ACCUMULATED|DEPRECIATION|||||
||1 October 2019||6,181|37,133|52,246|95,560|
||Charge for the year||2,747|2,157|21,154|26,058|
||Disposal||||||
||30September 2020||8,928|39,290|73,400|121,618|
||NET BOOKVALUE||||||
||30September 2020||386,572|183,926|136,945|707,443|
||30September 2019||374,319|70,692|157,406|602,417|
##
|8.|INVESTMKNTS|||
|---|---|---|---|
|||2020|2019|
||LISTEDINVESTMENTS:|g||
||Market value at 1 October|3,764,058|3,264,721|
||Acquisitions
at cost|279,538|543,483|
||Sales proceeds for disposals
(Loss)Igains in the year|(279,538)
(228,304)|(193,483)
149,337|
||Market value at 30 September|3,535,754|3,764,058|
||National
Savings Income Bonds|150,000|150,000|
||Cash held for investments|194,341|141,441|
|||344,341|291,441|
||Total as at 30 September|3,880,095|4,055,499|
|||2020|2019|
||The historic costofinvestments|2,405,512|2,225,974|
##
##
##
|DEBTORS||||
|---|---|---|---|
|||2020|2019|
|Trade Debtors||4,395|2,143|
|Prepayments||3,209|2,875|
|Legacies Receivable|||11,498|
|Other Debtors||4,338|10,497|
|||11,942|27,013|
|CREDITORS: Amounts|falling due within one year|||
|||2020|2019|
||||f|
|Trade Creditors||23|13|
|Accruals||16,057|28,126|
|||16,080|28,139|
##
##
##
||2020|2019|
|---|---|---|
|Within one year|3,168|3,168|
|Between two and five years|4,752|7,920|
|More than five years|||
||7,920|11,088|
##
##
||||Jan 18to|Jan 21to|
|---|---|---|---|---|
||||Dec 20|Dec 22|
|Deficit|repair|contribution|11.9'/o|7.1'/o|
##
##
||||2020|2019|
|---|---|---|---|---|
||||g||
|Balance|as at 1 October||6,000|19,000|
|Deficit contribution
paid
Actuarial
(gains)/losses
recognised through||SoFA|(3,000)
1,000|(3,000)
(10,000)|
|Balance|as at 30 September||4,000|6,000|
|||2020|2019|2018|2017|
|---|---|---|---|---|---|
|||'/o p.a.|'/o p.a.|'/o p.a.|'/o p.a.|
|Discount rate||0.2'/o|1.4|1.5|1.1|
|Price inflation||3.1'/o|8.0|3.1|2.8|
|Increase to total pensionable|payroll|1.6'/o|1.5|1.6|1.3|
##
##
##
##
|ANALYSIS OFNKT ASSETSBETWEEN|FUNDS||||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||Funds|Funds||
|||g|||
|Tangible Fixed Assets|||707,443|707,443|
|Investments|||3,880,095|3,880,095|
|Current Assets||53,247|57,691|110,938|
|Current Liabilities
Pension Liability|||(16,080)
(4,000)|(16,080)
(4,000)|
|||53,247|4,625,149|4,678,396|
|FUNDS|||||
||Balance at|Incoming|Outgoing|Balance at|
||30Sep 2019|Resources|Resources|30Sep 2020|
|Restricted|||||
|Grants and Vocations
StAnne's,
Derby
Con&aternity ofthe Blessed Sacrament|11,302
23,402|55,000
32,000|(56,457)
(12,000)|9,845
23,402
20,000|
|Church Union||4,500|(4,500)||
||34,704|91,500|(72,957)|53,247|
|Unrestricted
funds||
|---|---|
|At 1 October 2019|4,704,378|
|Incoming resources|371,513|
|Outgoing
resources|(221,438)|
|Other gains/(losses)|(229,304)|
|At 30 September 2020|4,625,149|
##
##