# ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## |inciple ad|inciple ad|visors|||||||| |---|---|---|---|---|---|---|---|---|---| |Investment||Managers:|Cazenove
Capital|||Sarasin|Br Partners||LLP| ||||(until September 2020)|||(from September||2020)|| ||||1 London
Wall Place,|||Juxon|House||| ||||London|||100St|Paul's Churchyard||| ||||EC2Y SAU|||London|EC4M|BBU|| ||||Mayfair Capital Investment||||||| ||||Management|Ltd|||||| ||||2 Cavendish|Square,|||||| ||||London||||||| ||||W1G OPU||||||| |Auditors:|||Knox Cropper|LLP|||||| ||||65 Leadenhall|Street|||||| ||||London||||||| ||||EC3A 2AD||||||| |Property|Advisors:||Knight Frank,||||||| ||||1 Wapping
High Street,||||||| ||||London||||||| ||||E1W 1BH||||||| |Bankers:|||Lloyds Bank pic||||||| ||||Holbom
Circus Branch||||||| ||||London||||||| ||||EC1N 2HP||||||| |Solicitors;|||Charles
Russell Speechlys||LLP||||| ||||5 Fleet Place||||||| ||||London||||||| ||||EC4M 7RD||||||| |Inspecting||Architects:|HMDW Architects||||||| ||||16Swains Lane,||||||| ||||London||||||| ||||N6 6QS||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes|Unrestricted|Total|Total| |---|---|---|---|---|---|---| |||||Funds|Funds|Funds| |||||2020|2020|2019| |INCOME FROM:||||||| |Grants,
Donations
and|Legacies|||69,404|69,404|143| |Investments||||365,119|365,119|465,740| |Other||||500|500|| |Share of)oint Venture|Profit|||5,228|5,228|22,364| |TOTAL INCOME||||440,251|440,251|488,247| |EXPENDITURE ON:||||||| |Raising Funds||||73,504|73,504|34,488| |Charitable
Activities||||419,026|419,026|914,302| |Other Expenditure||||||65,199| |TOTAL EXPENDITURE||||492,530|492,530|1,013,989| |||||(52,279)|(52,279)|(525,742)| |Net Gains/(Losses)|on Investments||8|)657,289)|~657,289)|369,454| |NET (EXPENDITURE)/INCOME||||||| |AND NET MOVEMENT IN||FUNDS||(709,568)|(709,568)|(156,288)| |TOTAL FUNDS BROUGHT||FOWARD||15,398,395|15,398,395|15,554,683| |TOTAL
FUNDS
FORWARD||CARRIED||14,688,827|14,688,827|15,398,395| ## ## ## ||||Notes||2020||2019|2019| |---|---|---|---|---|---|---|---|---| |||||Group
I||Foundation
I|Group
I|Foundation
I| |FIXED ASSETS||||||||| |Freehold
Property|||7a|6,500,000||6,500,000|6,500,000|6,500,000| |Investment|Property||7b|5,000||5,000|5,000|5,000| |Other Fixed|Assets||7c|4,697||4,697|4,803|4,803| |Investments|||8|8,027,811||8,027,811|8,760,050|8,760,050| |Investment|in Trading|Company|9|17,319||1|29,915|1| |||||14,554,827||14,537,509|15,299,768|15,269,854| |CURRENT|ASSETS|||||||| |Debtors|||10|54,505||54,505|103,625|103,625| |Cash at Bank and In||Hand||132290||132,290|71256|71 256| |||||186,795||186,795|174,881|174,881| |Creditors;|Amounts|falling due||||||| |within one|year|||52 795||52 795|76,254|76 254| |Net Current Assets||||134,000||134,000|98,627|98,627| |TOTAL NET ASSETS||||14,688,827||14,671,509|15,398,395|15,368,481| |FUNDS||||||||| |Unrestricted|General|Fund||14,688,827||14,671,509|15,398,395|15,368,481| |TOTAL FUNDS||||14,688,827||14,671,509|15,398,395|15,368,481| ## ## ## |||||||||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Note||Total Funds||Total| ||||||||||||Funds| |||||||||||E|E| |Net Cash Provided
by (used in) Operating|||Activities||||A||(420,585)||(828,159)| |Cash flows from investing
activities|||||||||||| |Dividends
interest and rents from investments||||||||||415,238|465,740| |Investment
management
fees||||||||||(23,497)|(20,211)| |Purchase of property,
plant and equipment||||||||||(2,896)|(1,097)| |Proceeds from sale of investments|||||||||4,673,921||141,520| |Purchase of investments|||||||||('l,702,818)||| |Distributions
from joint venture||||||||||17,824|24,147| |Net cash provided
by (used in) investing|||activities|||||||377,772|610 099| |Cash flows from financing
activities|||||||||||| |Net Cash Expended
by (used in) financing|||activities||||||||| |Change
in cash and cash equivalents|in|the||reporting|period|||||(42,813)|(218,060)| |Cash and cash equivalents
at the beginning||of|the|reporting|period||8|||235,803|453,863| |Cash and cash equivalents
at the end|ofthe|||reporting|period||B|||192,990|235,803| |A. Reconciliation
ofnet income/(expenditure)||||to net|cash|flow from||operating||activities|| |||||||||||2020|2019| |||||||||||E|E| |Net income/(expenditure)
for the reporting|period|||||||||(709,568)|(156,288)| |Depreciation
charge||||||||||3,002|2,038| |(Gains)/Losses
on Investments||||||||||657,289|(369,454)| |Dividends,
interest and rent from investments||||||||||(365,119)|(465,740)| |Investment
management
fees||||||||||18,494|19,917| |(Increase)/decrease
in debtors||||||||||(3,063)|150,003| |Increase/(decrease)
in creditors
Share ofjoint venture
profit
Net cash provided
by (used in) operating|||activities||||||(16,392)
~23,228
(420,585)||13,729
~22,364)
(828,159)| |B, Analysis ofcash and cash equivalents|||||||||||| |Cash at bank and
in hand||||||||||132,990|71,256| |Cash at Investment
Managers||||||||||60,700|164,547| |Total cash and cash equivalents||||||||||192,990|235,803| |C. Analysis ofchanges
in net funds|||||At 01/01/2020||||Cashflows
At||31/12/2020| |Cash and Cash Equivalents|||||E
238,803|||E
~42 813|||E
192 990| # ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INVESTME|NT|INCOME|||||| |---|---|---|---|---|---|---|---| |||||2020||2019|| ||||||E||E| |Rental|Income||||102,014||97,873| |Investment||Income|||||| ||||Cazenove|137,910||200,185|| ||||Pitch|125,097||167,043|| ||||||263,007||367,228| |Interest|Receivable||||98||639| ||||||365,119||465,7'l0| |COSTS OF|RAISING FUNDS||||||| |||||||2020|2019| |||||||E|E| |Investment||Management|Fees|||18,494|19,917| |Support|Costs (Note 5)|||||55,010|14,571| |||||||73,504|34,488| |CHARITABLE ACTIVITIES|||||||| |||||Upkeep 8|||| |||||Maintenance|Ministry||| |||||ofthe Church|Support|2020|2019| |||||E|E|E|E| |Staff Costs||||70,242|7,805|78,047|85,696| |Maintenance||and Repair|Work|90,374||90,374|554,429| |Clergy Costs|||||100,390|100,390|99,747| |Church|Heat|Ik Light||15,063||15,063|17,534| |Insurance||||2,367||2,367|9,420| |Support|Costs (Note 5)|||87,187|45,598|132,785|147,476| |||||265,233|153,793|419,026|914,302| |2019||||2,156,119|113,708|914,302|| ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||||E|E| |Staff Costs||||111,113|72,575| |Staff Training||||1,165|773| |Insurance||||1,267|1,254| |Establishment|Costs|||37,223|51,766| |Computer
Costs||||12,164|13,088| |Postage &Stationery||||6,625|5,842| |Depreciation||||3,002|2,037| |Professional|Fees|||2,967|1,858| |Irrecoverable|VAT|||14,740|25,516| |Sundry
Expenses||||1,507|1,795| |Governance
Costs
Amounts
recharged||to associated|charities|5,975
(9,953)|6,315
~i20, 772| |||||187,795|162,047| ## ## |AFF CO|STS|||| |---|---|---|---|---| ||||2020|2019| ||||E|E| |Salaries|||160,745|133,197| |National|Insurance||12,745|11,394| |Pension|Costs||15,669|13,680| |Termination||Payments||| ||||189,159|158,271| ## ## ## |7.|TANGIBLE ASSETS|||| |---|---|---|---|---| ||GROUP AND FOUNDATION|||| ||||2020|2019| ||(a) Freehold
Property||I|I| ||Valuation at 1January|2020|6,500,000|6,500,000| ||Revaluation|||| ||Valuation
at 31December 2020||6,500,000|6,500,000| ||||2020|2019| |---|---|---|---|---| |(b)|Investment|Properties|I|I| ||Fair Value At|1January 2020|5,000|5,000| ||Sale Proceeds|||| ||Gain on Sale|||| ||Fair Value at|31 December 2020|5,000|5,000| ||Cost at 31"December 2020|||| ## ||||||| |---|---|---|---|---|---| |Other Fixed|Assets||Furniture||| |||Computer|and||| |Cost||Equipment
I|Equipment
I||Total
I| |At 1"January|2020|27,215|72,389||99,604| |Additions||2,896|||2,896| |Disposals|||||| |Transfers|||||| |At 31"December 2020||30,111|72|389|102,500| |Depreciation
At 1"January|2020|23,143|71,658||94,801| |Charge for Year||2,637||365|3,002| |Disposal|||||| |Transfer|||||| |At 31"December 2020||25 780|72,023||97,803| |Net Book Value at 31"December 2020||4,331||366|4,697| |Net Book Value at 31"December 2019||4,072||731|4,803| |||||~~w
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OUP AND FOUNDATION||| |---|---|---| ||2020|2019| ||E|I| |At 1"January
2020|29,915|31,698| |Share of Profit
Distribution
Received
At 31"December 2020|5,228
~27,8247
17,319|22,364
~24, 247
29,915| |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||||E|F| |Turnover
Cost of Sales||||||77,322
~28 385|212,131
(55,628)| |Gross Profit||||||58,937|156,503| |Other Costs||||||(40,410)|(109,686)| |Interest|Receivable|||||1|1| |Profit||||||18,528|46,818| |Tax||||||1,008|(11,171)| |Profit For The Year||||||19,536|35,647| |Retained
Gift Aid|Earnings
Brought
Forward
to Guild Church
Council and Church||||Foundation|50,747
(35,647)|63,395
~48 295| |Retained|Earnings|Carried||Forward||34,636|50,747| ## ||||2020|2019| |---|---|---|---|---| |||||E| |At|1"January|2020||| |At|31"December 2020|||| ## ## ## ## |OUP AND|FOUNDA|TION|||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||E|E| |Trade Debtors||||||14,305|1,022| |Other Debtors and||prepayments||||23,137|32,210| |Investment|Income|Receivable||||12,157|64,340| |St. Andrew|Holborn|Trading|Ltd - Current||Account|4,778|5,860| |Parish Estates Charity|||||||29| |St Andrew|Holborn|Charity|8r Stafford's|Charity||128|164| |||||||54,505|103,625| ## ## |||2020|2019| |---|---|---|---| |||E|E| |Trade Creditors||10,337|13,936| |Taxation|and Social Security|4,303|11,688| |Accruals|and Deferred Income|38,155|50,630| |||52,795|76,254| ## ## ## ## |||2020|2019| |---|---|---|---| |Payments
Less than|due in:
one year|E
16,640|E
20,073| |Between|two and five years||3,434| |Greater than five years|||| |||16,640|23,507| ## ## ## ## ## ## ## ## ## ##