| Page | ||
|---|---|---|
| The Trustees and OIScers | 1-2 | |
| Annual Report ofthe Trustees |
3-5 | |
| Independent Auditors' |
Report | 6-8 |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Cash Flow Statement | ||
| Notes to the Accounts | 12-16 | |
| Rotation ofTrustees | 17 |
| Trustees | Mr P Kaser | ||||
|---|---|---|---|---|---|
| Mr M Wailer | |||||
| Mr M Diver | |||||
| Mr LGarslde | |||||
| Ms Helena Ellis |
|||||
| Principal Office | St Peter's Church | ||||
| StPeter's Street | |||||
| StAlbans | |||||
| Hertfordshire | |||||
| AL1 3HG | |||||
| Charity Registration | Number | 211409 | |||
| Clerk | Coginson Hall |
||||
| 9-11Victoria | Street | ||||
| StAlbans | |||||
| Herlfordshire | |||||
| AL1 3UB | |||||
| Accountants | Coginson Hall |
||||
| 9-11Victoria | Street | ||||
| StAlbans | |||||
| Herffordshlre | |||||
| AL1 3UB | |||||
| Architect | Cannon Morgan |
&Rheinberg | Partnership | ||
| 38 Holyweg | Hlg | ||||
| StAlbans | |||||
| Hertfordshire | |||||
| AU1 1BU |
| Property | Agents | Colllnson Hall |
Colllnson Hall |
|
|---|---|---|---|---|
| 9-11Victoria | Street | |||
| StAlbans | ||||
| Hertfordshire Herfford |
||||
| AL1 3UB | ||||
| Solicitors | Debenhams | Ottoway | ||
| Ivy House | ||||
| 107StPeters Street | ||||
| StAlbans | ||||
| shir | ||||
| AL1 3EW | ||||
| Auditors | Mercer 8 Hole Chartered | Accountants | ||
| Gloucester House | ||||
| 72 London Road | ||||
| StAlbans | ||||
| Hertfordshire | ||||
| AL1 1NS | ||||
| Bankers | NatWest Bank pic | |||
| StAlbans Branch | ||||
| 10StPeters | Street | |||
| StAlbans | ||||
| Hertfordshire | ||||
| AL1 3LY |
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | |||
|---|---|---|---|---|---|---|---|---|
| General | Designated | Total | General | Designated | Total | |||
| Note | Funds | Funds | Funds | Funds | Funds | Funds | ||
| 6 | 8 | 8 | 8 | 6 | 8 | |||
| Income and Endowments | ||||||||
| Investment Income |
3 | 671,320 | 671,320 | 641,086 | 641,086 | |||
| Total Income | 671 320 | 671,320 | 641,086 | 641,086 | ||||
| Expenditure | ||||||||
| Costs ofRaising Funds: | ||||||||
| Property Expenditure |
2 | 230,864 | 230,864 | 389,271 | 389,271 | |||
| Expenditure on Chantebie |
||||||||
| Activigesi | ||||||||
| Grants 8 Donations | 4 | 380,000 | 380,000 | 315,000 | 315,000 | |||
| Other | 5 | 19,572 | 19,572 | 6,630 | 6,630 | |||
| Total Expenditure | 630436 | 630436 | 710901 | 710901 | ||||
| Fair Value Revaluation | af | 871,910 | 871,910 | |||||
| Properties | ||||||||
| Net | 912,794 | 912,794 | (69,815) | (69.815) | ||||
| Incomei(Expenditure) | ||||||||
| Transfem between funds |
(37,004) | 37,004 | (37,004) | 37,004 | ||||
| Net Movement In Funds |
875,790 | 37,004 | 912,794 | (106,819) | 37,004 | (69,815) | ||
| Reconcigation affunds: | ||||||||
| Tatal funds brought | ||||||||
| forward at 1 January 2020 | 14719964 | 170698 | 14890662 | 14826783 | 133694 | 14960477 | ||
| Total funds carried | ||||||||
| forward at31December | ||||||||
| 2020 | 15.595,754 | 207 702 | 15803456 | 14,719964 | 170,698 | 14890662 |
| Note | 2020f | 2020 8 |
2019 9 |
2019 E |
|||
|---|---|---|---|---|---|---|---|
| Fixed Assets | |||||||
| Investments | 15,403,747 | 14,531,837 | |||||
| Current Assets | |||||||
| Debtors | 7 | 62,190 | 38,828 | ||||
| Cash at bank and in | hand | 431,476 | 487.216 | ||||
| 493,666 | 526,044 | ||||||
| Creditors: within one |
amounts year |
falling due | 9 | ~93953 | 167219 | ||
| Net current | assets | 399,709 | 358,825 | ||||
| Total assets less current | 15,803,456 | 14,890,662 | |||||
| gabl Sties | |||||||
| Net Assets | 15,803,456 | 3 | |||||
| Funds | |||||||
| Unrestricted: | |||||||
| Designated | funds | 207,702 | 170,698 | ||||
| General funds: | |||||||
| Accumulated | surplus | 4,204,707 | 4,200,827 | ||||
| Revaluation | and fair | value reserve | 11,391,047 | 10,519,137 | |||
| 15,803,456 | 14,890,662 |
| 2. | Costs ofRaising Funds | Costs ofRaising Funds | General | Designated | Total | Total | |
|---|---|---|---|---|---|---|---|
| Property Expenditure |
Fundsf | Fundsf | 2020 | 2019 | |||
| Commercial management |
charge | -118 | -118 | 116 | |||
| Insurences | 7,165 | 7,165 | 9,783 | ||||
| Rent Cogec5on | 68,965 | 68,965 | 67,634 | ||||
| Architectural Fees |
3.191 | 3,191 | 12,537 | ||||
| Legal Fees | 11,815 | 11,815 | 29,236 | ||||
| Utilities | 3,383 | 3,383 | 5,108 | ||||
| Property Maintenance |
and | ||||||
| Refu*ishment | 127,858 | 127,858 | 241,065 | ||||
| Miscellaneous | 8605 | 8,605 | 23,702 | ||||
| 230,864 | 230,864 | 389,271 | |||||
| 3. | Investment Income |
General | Designated | Total | Total | ||
| Funds | Funds | 2020 | 2019 | ||||
| 6 | 8 | 8 | 6 | ||||
| Interest on deposit accounts | 94 | 94 | 221 | ||||
| Lease Extensions | |||||||
| IJcense Fee income | 6,534 | 6,534 | 9,245 | ||||
| Commercial Rents |
219,594 | 219,594 | 221,453 | ||||
| Cottage Rents | 445 098 | 445 098 | 4~10167 | ||||
| 671.320 | 671,320 | 641,086 | |||||
| 4. | Expenditure on Charitable |
Activities | General | Designated | Total | Total | |
| Funds | Funds | 2020 | 2019 | ||||
| Grants and Donations | 8 | 6 | 6 | ||||
| Parish Church ofStPeter' | s | 304,000 | 304,000 | 251,800 | |||
| Parish Church ofStPaul's | 38,000 | 38,000 | 31,600 | ||||
| Parish Church ofSt Luke's | 38000 | 36,000 | 31,600 | ||||
| 380,000 | 380,000 | 315,000 | |||||
| 5. | Other Expenses | General | Designated | Total | Total | ||
| Fundsf | Funds 8 |
2020 8 |
2019 6 |
||||
| Management Fees |
7,440 | 7,440 | 1,830 | ||||
| Bad Debt Provision | 7,212 | 7,212 | |||||
| Audit Fees | 4,920 | 4,920 | 4,800 | ||||
| 19,572 | 19,572 | 6,630 |
| 6. | Fixed Asset Investments | Fixed Asset Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Properties | 2020 8 |
2019 K |
|||||||
| Market value ai 1 January | 2020 | 14,531,837 | 14,531,837 | ||||||
| Fair value revalualion | 871,910 | ||||||||
| Market value at 31December | 2020 | 15,403,747 | 14,631,837 | ||||||
| The | Investment Properties |
were | valued | on 31 December 2020 by the trustees | with reference to the Land | ||||
| Registry House Price Index. | |||||||||
| 7. | Debtors | 2020 | 2019 | ||||||
| Other debtors: | E | 6 | |||||||
| Rents held by agents | 49,885 | 30,896 | |||||||
| Prspsyments and accrued |
income | 12,305 | 7,911 | ||||||
| Recoverable from tenants |
21 | ||||||||
| 62,190 | 38,828 | ||||||||
| Within the 'Rents held by agents' | is | a sum of649,885 (2019:830,896) representing rent in |
anears at the | ||||||
| balance sheet date. | |||||||||
| 8. | Liablgtles: Amounts |
falgng | due | 2020 | 2019 | ||||
| within one year | |||||||||
| Other Creditors | 73,436 | 149,592 | |||||||
| Amounts due to connected |
parties | ~20 52 | ~17 27 | ||||||
| 93,957 | 167,219 | ||||||||
| 9. | Unrestricted Funds |
||||||||
| Designated Fund |
|||||||||
| 2019 6 |
Transfersf | Expended | 2020 8 |
||||||
| Renovation reserve |
54,852 | 10,000 | 64,852 | ||||||
| Redecorabon reserve |
60,008 | 20,004 | 80,012 | ||||||
| Roofreserve | 55 838 | 7000 | 62838 | ||||||
| 170,698 | 37,004 | 207,702 |
| Generalpund | 2020 | 2019 | |||
|---|---|---|---|---|---|
| This comprises: | 8 | ||||
| Accumulated | surplus | 4,204,707 | 4,200,827 | ||
| Revaluation | reserve | 11,391,047 | 10,519,137 | ||
| 15,595,754 | 14,719,964 | ||||
| 2020 | 2019 | ||||
| Unrestricted 8 |
Designated 8 |
Totalf | Total 8 |
||
| Fixed assets | 15,403,747 | 15,403,747 | 14,531,837 | ||
| Current assets | 285,964 | 207,702 | 493,666 | 526,044 | |
| Current liabiliges |
(93,957) | (93,957) | (167,219) | ||
| 15.595,754 | 207,702 | 15,803,456 | 14,890,662 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Net movement | in funds | 912,794 | (69,815) | ||
| Deduct Interest | income shown | in investing | scfivities | (94) | (221) |
| Revaluation of |
fixed assets | (871,910) | |||
| Increase in debtors | (23,362) | 440 | |||
| Decrease in credilors | (73,262) | 42,219 | |||
| Net cash used | in operating | activities | (55,834) | (27,377) |
| Name | Date ofRetirement | |||
|---|---|---|---|---|
| Rev M Deamley | (vicar at | StPeter) | Ex-018rto | |
| Nominated by |
Parochial | Church | Council ofStPeter | |
| Fora term offour years | ||||
| Mr M Wailer | June 2021 | |||
| Helena Ellh | November 2022 | |||
| Mr M Olver (Chairman) | June 2021 | |||
| Nominated by |
Parochial | Church | Coundl ofSt Luke | |
| Fora term offour years | ||||
| Mr P Kaaer | June 2021 | |||
| Nominated by |
Parochial | Church | Coundl ofStPaul | |
| Fora term offour years | ||||
| Mr LGaraide | October 2020 |