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2020-12-31-accounts
|
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
|
|
|
|
| FROM |
|
|
|
|
|
|
| In vest m en t in com e |
2 |
33,216 |
11,071 |
|
44,287 |
49,477 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Ra isin g fu n ds |
3 |
8,491 |
|
|
8,491 |
10,504 |
| Charitable activities |
|
|
|
|
|
|
| St J ohn the Baptist DCC |
|
22,435 |
|
|
22,435 |
25,365 |
| St Stephen's DCC |
|
1,909 |
|
|
1,909 |
|
| St Peter's DCC |
|
768 |
|
|
768 |
|
| Holy Trinity PCC |
|
250 |
|
|
250 |
|
| St Mark's DCC |
|
|
|
|
|
5,208 |
| Other |
|
3,190 |
|
|
3,190 |
3,161 |
| Total |
|
37,043 |
|
|
37,043 |
44,238 |
| Net gains on investments |
|
|
9,373 |
4,514 |
13,887 |
159,102 |
| NET INCOME/(EXPENDITURE) |
|
(3,827) |
20,444 |
4,514 |
21,131 |
164,341 |
| Transfers between funds |
12 |
32,533 |
(8,689) |
(23,844) |
|
|
| Net movement in funds |
|
28,706 |
11,755 |
(19,330) |
21,131 |
164,341 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
| Total funds brought forward |
|
27,898 |
324,215 |
976,352 |
1,328,465 |
1,164,124 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
56,604 |
335,970 |
957,022 |
1,349,596 |
1,328,465 |
|
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| In vest m en t s |
] 0 |
|
333,589 |
957,021 |
1,290,610 |
1,300,567 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Cash at bank and in hand |
|
58,710 |
2,382 |
|
61,092 |
29,638 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due within one year 11 |
|
(2,106) |
(150) |
|
(2,256) |
(1,740) |
| NET CURRENT ASSETS |
|
56,604 |
2,232 |
|
58,836 |
27,898 |
| TOTAL ASSETS LESS |
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
56,604 |
335,970 |
957,022 |
1,349,596 |
1,328,465 |
| NET ASSETS |
|
56,604 |
335,970 |
957,022 |
1,349,596 |
1,328,465 |
| FUNDS |
12 |
|
|
|
|
|
| Unrestricted funds: |
|
|
|
|
|
|
| General fund |
|
|
|
|
56,604 |
27,898 |
| Restricted funds: |
|
|
|
|
|
|
| Restricted fund |
|
|
|
|
335,970 |
324,215 |
| Endowment funds: |
|
|
|
|
|
|
| Capital endowment |
|
|
|
|
957,022 |
976,352 |
| TOTAL FUNDS |
|
|
|
|
1,349,596 |
1,328,465 |
| 2. INVESTMENT INCOME |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
| Fixed asset investments income |
44,278 |
49,439 |
|
| Deposit account interest |
9 |
|
38 |
|
44,287 |
49,477 |
|
| 3. RAISING FUNDS |
|
|
|
| Investment management costs |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
| Portfolio management |
8,451 |
10,436 |
|
| Administrative expenses |
40 |
|
68 |
|
8,491 |
10,504 |
|
| 4. GRANTS PAYABLE |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
| St J ohn the Baptist DCC |
22,435 |
25,365 |
|
| St Stephen's DCC |
1,909 |
|
|
| St Peter's DCC |
768 |
|
|
| Holy Trinity PCC |
250 |
|
|
| St Mark's DCC |
|
5,208 |
|
|
25,362 |
30,573 |
|
| The total grants paid to institutions during the year was as follows: |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
| Grant for repairs & maintenance of places of worship in Ancient Parish of Chipping |
|
|
|
| Barnet |
25,362 |
30,573 |
|
| Support costs, included in the above, are as follows: |
|
|
|
2020 |
2019 |
|
Other |
|
|
resources |
Total |
|
expended |
activities |
|
£ |
£ |
| Wages |
1,450 |
1,421 |
| Independent Examiners fees |
1,740 |
1,740 |
|
3,190 |
3,161 |
| STAFF COSTS |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Wages and salaries |
1,450 |
1,421 |
|
1,450 |
1,421 |
| The average monthly number of employees during the year was as follows: |
|
|
|
2020 |
2019 |
| Administration |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
fund |
fund |
fund |
funds |
|
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
| Investment income |
36,996 |
12,481 |
|
49,477 |
| EXPENDITURE ON |
|
|
|
|
| Raising funds |
10,504 |
|
|
10,504 |
| Charitable activities |
|
|
|
|
| St J ohn the Baptist DCC |
25,365 |
|
|
25,365 |
| St Mark's DCC |
5,208 |
|
|
5,208 |
| Other |
3,161 |
|
|
3,161 |
| Total |
44,238 |
|
|
44,238 |
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
fund |
fund |
fund |
funds |
|
£ |
£ |
£ |
£ |
| Net gains on investments |
|
37,773 |
121,329 |
159,102 |
| NET INCOME/(EXPENDITURE) |
(7,242) |
50,254 |
121,329 |
164,341 |
| Transfers between funds |
16,636 |
(12,331) |
(4,305) |
|
| Net movement in futtds |
9,394 |
37,923 |
117,024 |
164,341 |
| RECONCILIATION OF FUNDS |
|
|
|
|
| Total funds brought forward |
18,504 |
286,292 |
859,328 |
1,164,124 |
| TOTAL FUNDS CARRIED FORWARD |
27,898 |
324,215 |
976,352 |
1,328,465 |
| 9. MATERIAL ITEMS ON SOFA |
|
|
|
|
| The net gains/(loss) on investments are noted as below: |
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
| Unrealised gains on fair value changes |
|
|
37,494 |
151,095 |
| Realised (losses)/gains on disposals of investments |
|
|
(23,606) |
8,007 |
| Net (loss)/ gain on investments |
|
|
13,888 |
159,102 |
| 10. FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
Capital |
Extraordinary |
|
|
|
endowment |
repair |
|
|
|
fund |
fund |
Totals |
|
|
£ |
£ |
£ |
| MARKET VALUE |
|
|
|
|
| At I st J anuary 2020 |
|
976,352 |
324,215 |
1,300,567 |
| Additions |
|
80,069 |
|
80,069 |
| Disposals |
|
(127,520) |
|
(127,520) |
| Revaluations |
|
28,120 |
9,374 |
37,494 |
| At 31st December 2020 |
|
957,021 |
333,589 |
1,290,610 |
| NET BOOK VALUE |
|
|
|
|
| At 31st December 2020 |
|
957,021 |
333,589 |
1,290,610 |
| At 31st December 2019 |
|
976,352 |
324,215 |
1,300,567 |
| 2020 |
2019 |
| £ |
£ |
| 2,256 |
1,740 |
| OVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.20 |
in funds |
funds |
31.12.20 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
27,898 |
(3,827) |
32,533 |
56,604 |
| Restricted funds |
|
|
|
|
| Restricted fund |
324,215 |
20,444 |
(8,689) |
335,970 |
| Endowment funds |
|
|
|
|
| Capital endowment |
976,352 |
4,514 |
(23,844) |
957,022 |
| TOTAL FUNDS |
1,328,465 |
21,131 |
|
1,349,596 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
33,216 |
(37,043) |
|
(3,827) |
| Restricted funds |
|
|
|
|
| Restricted fund |
11,071 |
|
9,373 |
20,444 |
| Endowment funds |
|
|
|
|
| Capital endowment |
|
|
4,514 |
4,514 |
| TOTAL FUNDS |
44,287 |
(37,043) |
13,887 |
21,131 |
| Comparatives for movement in funds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.19 |
in funds |
funds |
31.12.19 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
18,504 |
(7,242) |
16,636 |
27,898 |
| Restricted funds |
|
|
|
|
| Restricted fund |
286,292 |
50,254 |
(12,331) |
324,215 |
| Endowment funds |
|
|
|
|
| Capital endowment |
859,328 |
121,329 |
(4,305) |
976,352 |
| TOTAL FUNDS |
1,164,124 |
164,341 |
|
1,328,465 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
36,996 |
(44,238) |
|
(7,242) |
| Restricted funds |
|
|
|
|
| Restricted fund |
12,481 |
|
37,773 |
50,254 |
| Endowment ftinds |
|
|
|
|
| Capital endowment |
|
|
121,329 |
121,329 |
| TOTAL FUNDS |
49,477 |
(44,238) |
159,102 |
164,341 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.19 |
in funds |
funds |
31.12.20 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
18,504 |
(11,069) |
49,169 |
56,604 |
| Restricted funds |
|
|
|
|
| Restricted fund |
286,292 |
70,698 |
(21,020) |
335,970 |
| Endowment funds |
|
|
|
|
| Capital endowment |
859,328 |
125,843 |
(28,149) |
957,022 |
| TOTAL FUNDS |
I J 64,124 |
185,472 |
|
1,349,596 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
70,212 |
(81,281) |
|
(11,069) |
| Restricted funds |
|
|
|
|
| Restricted fund |
23,403 |
|
47,295 |
70,698 |
| Endowment funds |
|
|
|
|
| Capital endowment |
|
|
125,843 |
125,843 |
| TOTAL FUNDS |
93,615 |
(81,281) |
173,138 |
185,472 |