2021-12-31-accounts - St Andrew Holborn Church Foundation

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		Notes	Unrestricted	Total	Total
			Funds	Funds	Funds
			2021	2021	2020
			I
INCOME FROM:
Grants, Donations and	Legacies	2	26,908	26,908	69,404
Charitable Activities		3	53,995	53,995	59,246
Other Trading Activities		4	42,157	42,157	42,768
Investments		5	297,111	297,111	263,105
Other		6	79,875	79,875	500
Share of)oint Venture	Profit	13	11,965	11,965	5,228
TOTAL INCOME			512,011	512,011	'l40,251
EXPENDITURE ON:
Raising Funds			25,181	25,181	73,504
Charitable Activities			598,806	598,806	419,026
Other Expenditure
TOTAL EXPENDITURE			623,987	623,987	492,530
			111,976	111,976	(52,279)
Net Gains/(Losses)	on Investments	12	835,118	835 118	~6652,289
NET INCOME/ (EXPENDITURE)
AND NET MOVEMENT IN FUNDS			723,142	723,142	(709,568)
TOTAL FUNDS BROUGHT FOWARD			14,688,827	14,688,827	15,398,395
TOTAL FUNDS CARRIED FORWARD			15,411,969	15,411,969	14,688,827

			Notes			2020	2020
				Group I	Foundation I	Group I	Foundation I
FIXED ASSETS
Freehold Property			1la	6,500,000	6,500,000	6,500,000	6,500,000
Investment	Property		lib	5,000	5,000	5,000	5,000
Other Fixed	Assets		llc	2,165	2,165	4,697	4,697
Investments			12	8,502,143	8,502,143	8,027,811	8,027,811
Investment	in Trading	Company	13	19,516	1	17,319	1
				15028,824	15,009 309	14554,827	14,537,509
CURRENT	ASSETS
Debtors			14	65,949	65,949	54,505	54,505
Cash at Bank and In		Hand		369444	369,444	132290	132,290
				435,393	435,393	186,795	186,795
Creditors:	Amounts	falling due
within one	year		15	52 248	52 248	52,795	52 795
Net Current Assets				383,145	383,145	134,000	134,000
TOTAL NET ASSETS				15,411,969	15,392,454	14,688,827	14,671,509
FUNDS
Unrestricted	General	Fund		15,411969	15,392,454	14,688,827	14,671,509
TOTAL FUNDS				15,411,969	15,392,454	14,688,827	14,671,509

							2021	2020
					Note	Total Funds		Total
								Funds
							E	E
Net Cash Provided by (used in) Operating			Activities		A	(432,349)		(320,635)
Cash flows from investing activities
Dividends interest and rents from investments							299,029	315,288
Investment management fees							(80)	(23,497)
Purchase of property, plant and equipment								(2,896)
Proceeds from sale of investments							408,490	4,673,921
Purchase of investments							(74,172)	(4,702,818)
Distributions from joint venture							9,768	17 824
Net cash provided by (used in) investing			activities				643,035	277,822
Cash flows from financing activities
Net Cash Expended by (used in) financing			activities
Change in cash and cash equivalents	in	the		reporting	period		210,686	(42,813)
Cash and cash equivalents at the beginning		of	the	reporting	period		192,990	235 803
Cash and cash equivalents at the end	ofthe			reporting	period		403,676	192,990
A. Reconciliation of net income/(expenditure)				to net	cash flow from operating		activities
							2021	2020
							I	I
Net income/(expenditure) for the reporting	period						723,142	(709,568)
Depreciation charge							2,532	3,002
(Gains)/Losses on Investments							(835,118)	657,289
Dividends, interest and rent from investments							(297,111)	(263,105)
Investment management fees							80	18,494
(Increase)/decrease in debtors							(13,362)	(3,063)
Increase/(decrease) in creditors Share ofjoint venture profit						(547) ~22, 965		(18,456) ~5228
Net cash provided by (used in) operating			activities				(432,349)	(320,635)
8. Analysis ofcash and cash equivalents
Cash at bank and in hand							369,444	132,990
Cash at Investment Managers							34,232	60 700
Total cash and cash equivalents							403,676	192,990
C. Analysis ofchanges in net funds					At 01/01/2021	Cashflows At		31/12/2021
					I	E		I
Cash and Cash Equivalents					192 990	210 686		403 676

NTS, DONA	TI	ONS, AND	LEGACIES
				2021	2020
				I	I
Coronavirus	Job Retention		Scheme	26,908	59,363
City of London		Discretionary	Support Grant		10,000
Donations					41
				26,908	69,404

R INCOM	E
		2021	2020
		E	E
Compensation		74,338
Insurance	claim	5,537
Other				500
		79,875		500

S OF RAISING FUNDS
		2021	2020
		E	E
Investment Management	Fees	80	18,494
Lodge Letting 80 Maintenance Support Costs (Note 9)		6,943 18,158 25,181	55010 73,504

RITABLE A	CTIVITIES
		Upkeep 8
		Maintenance	Ministry
		ofthe Church	Support	2021	2020
		E	E	E	E
Staff Costs		42,799	4,756	47,555	78,047
Maintenance Clergy Costs Church Heat Insurance	and Repair Work 80 Light	200,636 14,832 9,619	157,428	200,636 157,428 14,832 9,619	90,374 100,390 15,063 2,367
Support Costs (Note 9)		93,099 360,985	75,637 237,821	168,736 598,806	132,785 419,026
2020		265,233	153,793	419,026

ORT COST	S
				2021	2020
				E	E
Staff Costs				105,399	111,113
Staff Training				667	1,165
Insurance				1,307	1,267
Establishment	Costs			39,246	37,223
Computer Costs				11,311	12,164
Postage 84 Stationery				4,526	6,625
Depreciation				2,531	3,002
Professional	Fees			1,350	2,967
Irrecoverable	VAT			22,709	14,740
Sundry Expenses				1,539	1,507
Governance Costs Amounts recharged		to associated	charities	6,823 ~35,534	5,975 ~9953
				186,894	187,795

STAFF COSTS	STAFF COSTS
				2021	2020
				E	E
Salaries				129,888	160,745
National	Insurance			10,025	12,745
Defined	Contribution		Pension Costs	13,041	15,669
Termination		Payments
				152,954	189,159

TANGIBLE ASSETS
GROUP AND FOUNDATION
		2021	2020
(a) Freehold Property		1	I
Valuation at 1 Ianuary	2021	6,500,000	6,500,000
Revaluation
Valuation at 31December 2021		6,500,000	6,500,000

Other Fixed Assets		Furniture
	Computer	and
Cost	Equipment	Equipment I		TotalI
At 1)anuary 2021	30,111	72,389		102,500
Additions
Disposals
Transfers
At 31 December 2021	30,111	72	389	102,500
Depreciation
At 1)anuary 2021	25,780	72,023		97,803
Charge for Year	2,166		366	2,532
Disposal
Transfer
At 31 December 2021	27 996	72	389	100 338
Net Book Value at 31 December 2021	2,165			2,165
Net Book Value at 31 December 2020	4,331		366	4,697

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STMENTS IN 3OINT VENTURES UP
	2021	2020
	I	I
At 1January 2021	17,319	29,915
Share of Profit Distribution Received	11,965 ~9768	5,228 ~37 824
At 31December 2021	19,516	17,319

				2021	2020
				I	E
Turnover Cost of Sales				82,555 ~29 856	77,322 ~78,385
Gross Profit				52,699	58,937
Other Costs				(29,381)	(40,410)
Interest Receivable					1
Profit				23,318	18,528
Tax				612	1,008
Profit For The Year				23,930	19,536
Retained Earnings Brought Forward Gift Aid to Guild Church Council and Church			Foundation	34,636 ~19536	50,747 ~35 647
Retained Earnings	Carried	Forward		39,030	34,636

			2021	2020
			E	I
At	1January	2021
At	31 December 2021

UP AND FOU	NDAT	ION
						2021	2020
						I	I
Trade Debtors						3,283	14,305
Other Debtors	and	prepayments				46,386	23,137
Investment Income		Receivable				10,239	12,157
St. Andrew Holbom		Trading	Ltd	—Current Account		5,831	4,778
St Andrew Holborn		Charity	84 Stafford's		Charity	210	128
						65,959	54,505
DITORS
UP AND FOUNDATION
						2021	2020
							I
Trade Creditors						4,858	10,337
Taxation and	Social	Security				5,289	4,303
Guild Church	Council St Andrew			Holborn		795	61
Accruals and	Deferred Income					41,306	39 994
						52,248	52,795

ASSET	S BETWEEN FUNDS
		Unrestricted	Designated	2021
		Funds	Funds	Total
		E	E	E
Fixed Assets		15,028,824		15,028,824
Current Current	Assets Liabilities	435,393 ~52 248		435,393 ~52 248
		15,411,969		15,411,969
		Unrestricted	Designated	2020
		Funds	Funds	Total
		E	E	E
Fixed Assets		14,554,827		14,554,827
Current Current	Assets Liabilities	186,795 ~52 795		186,795 ~52 795
		14,688,827		14,688,827