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|||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|
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|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||||
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|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|||
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||||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|
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||||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|
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|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|
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|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|
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|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|
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|||||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)|
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|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|