| Advisors | |||||
|---|---|---|---|---|---|
| Bankers | National Westminster | Bank Pic | |||
| 15Bishopsgate | |||||
| London EC2P 2AP | |||||
| ING Bank | |||||
| Postbus 99960 | |||||
| 8900 GA Leeuwarden | |||||
| The Netherlands | |||||
| CCLA Investment | Management | Ltd | |||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London EC4V4ET | |||||
| Auditors | Brown 8 Co Audit | Ltd | |||
| Riverside Business | Centre | ||||
| River Lawn Road | |||||
| Tonbridge | |||||
| Kent TN9 1EP |
|||||
| Solicitors | Field Fisher Waterhouse | LLP | |||
| Riverbank House |
|||||
| 2 Swan Lane | |||||
| London, EC4R 3TT | |||||
| Brokers | CCLA Investment | Management | Ltd | ||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London EC4V4ET |
| 31 DECEM | BER 2 | 020 | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Note | F | ||||
| FIXEDASSETS | |||||
| Tangible Investments |
9 10517 |
477 3,721,003 |
595 3,136,310 |
||
| 3,721,480 | 3,136,905 | ||||
| CURRENT | ASSETS | ||||
| Stock Debtors Cash at bank and |
in hand | 11 12 13 |
1 90,861 1,093,470 |
1 73,284 1,238,247 |
|
| 1,184,332 | 1,311,532 | ||||
| Creditors | 14 | 34,394 | 54,618 | ||
| 1,149,938 | 1,256,914 | ||||
| NET ASSETS | 4,871,418 | 4,393,819 | |||
| Represented by |
|||||
| Restricted | fund - | Deacons Fund | 158 16 | 341,552 | 316,691 |
| Designated Fund - Capital Fund Accumulated income fund |
15 16 |
3,034,394 1,495,472 |
2,694,260 1,382,868 |
||
| 4,871,418 | 4,393,819 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| E | ||||||
| SUNDRY INCOME | ||||||
| Unrestricted | ||||||
| Social hall hire | 21,690 | 115,049 | ||||
| Site rental | 5,967 | 7,000 | ||||
| Wedding services |
1,000 | 852 | ||||
| Licence to Assign —Augustine |
House | 350,000 | ||||
| Foreigh exchange —compenstion |
interest | 103 | ||||
| HMRC - CJRS grants received | 19,679 | |||||
| Sale ofbooks/booklets | 72 | |||||
| Gift Aid 2020 - interest | ||||||
| Use ofphotocopier | 40 | |||||
| 398,338 | 123,116 | |||||
| ESTABLISHMENT EXPENSES | ||||||
| Church, social hall and other properties | ||||||
| Repairs and maintenance: | ||||||
| General | 28,091 | 39,640 | ||||
| Organ and piano | 5,412 | 943 | ||||
| Flat | 434 | 975 | ||||
| Kitchen equipment | 905 | 2,024 | ||||
| Insurance | 24,275 | 23,608 | ||||
| Light, heat and water | 17,101 | 16,021 | ||||
| Cleaning | 10,285 | 15,362 | ||||
| Depreciation offurniture |
and fittings | 118 | 148 | |||
| Sundries (including rates) |
1,664 | 1,605 | ||||
| 88,285 | 100,326 | |||||
| 3. | CHURCH ACTIVITIES EXPENSES | |||||
| Church magazine costs |
3,982 | 4,227 | ||||
| Visiting ministers, organists etc |
2,442 | 9,933 | ||||
| Food and drink supplies | 4,570 | 7,523 | ||||
| Sundry expenses | 15,407 | 13,984 | ||||
| Sunday service - Live streaming | costs | 11,681 | ||||
| Organ recitals/concerts | 3,340 | 3,799 | ||||
| Miscellaneous music expenses |
76 | 140 | ||||
| Functions/Events expenses |
1,279 | 2,476 | ||||
| 42,777 | 42,082 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| F | ||||
| SALARIES | ||||
| Minister | 72,690 | 66,924 | ||
| Minister's | Pension | 12,411 | 14,612 | |
| Vergers | 42,179 | 40,820 | ||
| Vergers | Pensions | 4,362 | 4,124 | |
| Organists | 16,816 | 16,454 | ||
| Organists | Pension | 499 | 362 | |
| Pensions | —former employees | 7,778 | 7,653 | |
| Pension | —former Minister | 8,265 | 6,727 | |
| 165,000 | 157,676 | |||
| FULL TIME AND PART TIME (PERMANENT) | EMPLOYEES |
| Rent, rates, water and insurance | 32,909 | 32,722 |
|---|---|---|
| Telephone | 625 | 656 |
| Travelling expenses |
594 | 2,522 |
| Sundry expenses | 952 | 1,968 |
| 35,080 | 37,868 |
| NOTES TO THE ACCOUNTS | (continued) | (continued) | (continued) | ||
|---|---|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2020 | |||||
| 2020 | 2019 | ||||
| F | F | ||||
| 6. ADMINISTRATION EXPENSES |
|||||
| Printing, stationery and books |
906 | 2,318 | |||
| Telephone, postage and advertising |
3,690 | 4,181 | |||
| Computer running costs |
3,404 | 5,351 | |||
| Professional charges |
23,138 | 8,171 | |||
| Auditors remuneration |
4,560 | 4,164 | |||
| Sundry expenses | 2,358 | 2,071 | |||
| Bank charges and interest | 294 | 1,205 | |||
| Over provision of US withholding |
refund | 340 | |||
| Investment management |
charges | 22,268 | |||
| Share dealing costs | 921 | ||||
| Currency exchange losses | 2,081 | 3,320 | |||
| 40,771 | 53,970 | ||||
| 7. DONATIONS PAID |
|||||
| Gifts to needy persons | 1,048 | ||||
| 8. SPECIAL COLLECTIONS | PAID | ||||
| Special collections paid to charitable |
organisations | 4,544 | 3,858 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| 9. | FIXEDASSETS | |||||||
| Buildings: | ||||||||
| The Dutch | Church, Austin |
Friars, EC2 | ||||||
| At written | down value | |||||||
| Augustine | House | |||||||
| At written | down value | |||||||
| 21 Park Hill Rise, Croydon, | Surrey | |||||||
| At written | down value | |||||||
| Furniture | and fittings | (including | library): | |||||
| The Dutch | Church, Austin |
Friars, EC2 | ||||||
| At written | down value | 592 | 740 | |||||
| Additions | ||||||||
| 592 | 740 | |||||||
| Depreciation charge |
for the year | 118 | 148 | |||||
| Net book | value | 474 | 592 | |||||
| 477 | 595 |
| YEAR ENDED 31 DECEMBER 2020 | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| F | ||||
| 10.INVESTMENTS | ||||
| Unrestricted | ||||
| Market value at 1 January | 2,830,510 | 3,602,843 | ||
| Less: Disposals at opening book value |
(4,313,535) | |||
| Add: Acquisitions at cost |
225,000 | 3,406,662 | ||
| Net gain/(loss) on revaluation |
at 31 December | 340,134 | 134,540 | |
| Market value at 31 December | 3,395,644 | 2,830,510 | ||
| Historical cost at 31 December | 3,017,850 | 2,792,850 | ||
| See the end of note 17for further details of restricted | investments | |||
| Restricted | ||||
| Market value at 1 January | 305,800 | 235,202 | ||
| Less: Disposals at opening book value |
||||
| Add: Acquisition at cost |
27,500 | |||
| Net gain/(loss) on revaluation |
at 31 December | 19,559 | 43,098 | |
| Market value at 31 December | 325,359 | 305,800 | ||
| Historical cost at 31 December | 86,064 | 86,064 | ||
| Total market value at 31 December | 3,721,003 | 3,136,310 | ||
| Total historical cost at 31 December | 3,103,914 | 2,878,914 |
| YEAR ENDED 31 DECEMBER 2020 | YEAR ENDED 31 DECEMBER 2020 | YEAR ENDED 31 DECEMBER 2020 | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| E | ||||
| 12.DEBTORS | ||||
| Unrestricted | ||||
| Income tax recoverable | 1,053 | 1,584 | ||
| Trade debtors | 7,628 | 5,575 | ||
| Sundry debtors | 57,888 | 40,707 | ||
| Prepayments | 23,576 | 24,565 | ||
| 90,145 | 72,431 | |||
| Restricted | ||||
| Income tax recoverable | 716 | 563 | ||
| Sundry debtors | 290 | |||
| 716 | 853 | |||
| Total debtors | 90,861 | 73,284 | ||
| (All amounts are due within one year.) |
||||
| 13.CASH AT BANK AND | IN HAND | |||
| Unrestricted | ||||
| National Westminster |
Bank, London: | |||
| Current account | ||||
| Business reserve account | 87,087 | 207,781 | ||
| Petty cash account | 487 | 336 | ||
| Austin friars forum account | 3,256 | 3,256 | ||
| Paypal account | 698 | 73 | ||
| CBF Deposit Fund | 975,000 | 1,000,000 | ||
| Dutch postal giro | 4,710 | 9,575 | ||
| SG HAMBROS Bank: | ||||
| Investment account |
2,737 | 1,393 | ||
| Petty cash | 65 | 209 | ||
| 1,074,040 | 1,222,623 | |||
| Restricted | ||||
| National Westminster |
Bank, Current account | 19,430 | 15,624 | |
| Total cash at bank and | in hand | 1,093,470 | 1,238,247 |
| YEAR ENDED | 31 | D | ECEMBE | R | 2020 | ||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| E | |||||||
| 14.CREDITORS | |||||||
| Unrestricted | |||||||
| Suppliers | 2,836 | 10,757 | |||||
| Other creditors | 8,518 | 20,628 | |||||
| Accruals | 2,991 | 2,367 | |||||
| VAT | 9,809 | 14,753 | |||||
| PAYE/NIC | 8,253 | 3,604 | |||||
| 32,407 | 52,109 | ||||||
| Restricted | |||||||
| Other creditors | 305 | 269 | |||||
| Deacons fund | 1,682 | 2,240 | |||||
| 1,987 | 2,509 | ||||||
| Total creditors | 34,394 | 54,618 | |||||
| (All amounts | are | due within | one year. ) | ||||
| 15.CAPITAL FUND | |||||||
| Unrestricted | |||||||
| Balance at | 1 January | 2,694,260 | 2,559,720 | ||||
| Gains/(losses) | on realisation | ofinvestments | 96,880 | ||||
| Unrealised | gains/(losses) | in | year | 340,134 | 37,660 | ||
| Balance at | 31 | December | 3,034,394 | 2,694,260 | |||
| Restricted | |||||||
| Balance at | 1 January | 247,963 | 204,865 | ||||
| Unrealised | gains | in year | 19,559 | 43,098 | |||
| Balance at | 31 | December | 267,522 | 247,963 | |||
| 16.ACCUMULATED | INCOME | FUND | |||||
| Unrestricted | |||||||
| Balance at | 1 January | 1,382,868 | 1,338,686 | ||||
| Surplus/(deficit) | for the year | 112,604 | 44,182 | ||||
| Balance at | 31 | December | 1,495,472 | 1,382,868 | |||
| Restricted | |||||||
| Balance at | 1 January | 68,728 | 64,302 | ||||
| Surplus/(deficit) | for the year | 5,302 | 4,426 | ||||
| Balance at | 31 | December | 74,030 | 68,728 |
| 17.INVESTMENTS | 17.INVESTMENTS | AND INCOME | Market | Net | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Cost | Value | Income | ||||||
| Nominal | amount | E | |||||||
| EQUITIES AND UNIT TRUSTS | |||||||||
| 68,297.67 | The CBFChurch of England | Investment | Fund | ||||||
| Accumulation Shares |
3,017,850 | 3,395,644 | 4,470 | ||||||
| 3,017,850 | 3,395,644 | 4,470 | |||||||
| ADDITIONS AT COST | |||||||||
| WIDER RANGE | Cost | ||||||||
| EQUITIES AND UNIT TRUSTS | |||||||||
| 5,559.18 | The CBFChurch of England | Investment | Fund | ||||||
| Accumulation Shares |
225,000 | ||||||||
| 225,000 | |||||||||
| WIDER RANGE | |||||||||
| EQUITIES AND UNIT TRUSTS —COST OF INVESTMENTS | |||||||||
| As at 1stJanuary 2020 | 2,792,850 | ||||||||
| Purchased | 225,000 | ||||||||
| 3,017,850 | |||||||||
| Less Sold |
|||||||||
| Rounding | |||||||||
| As at 31stDecember | 2020 | 3,017,850 | |||||||
| Cost | 2020 | 2019 | 2020 | 2019 | |||||
| or | Market | Market | Gross | Gross | |||||
| SUMMARY | Valuation | Value | Value | Income | Income | ||||
| E | F | ||||||||
| WIDER RANGE | |||||||||
| Equities and unit | trusts | 3,017,850 | 3,395,644 | 2,830,510 | 4,470 | 65,546 |
| Restricted | 2020 | 2020 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Book | Market | Book | Income | ||
| Value | Value | Value | |||
| F | F | F | |||
| COIF Income shares | |||||
| 3,907.84 Deacons Fund | 4,300 | 70,386 | 4,300 | 2,026 | |
| 4,383.39Deacons Fund | 5,051 | 78,951 | 5,051 | 2,273 | |
| 1,007.01 Barnet Estate ofGuedes Charity | 5,312 | 18,138 | 5,312 | 522 | |
| 278.43 Egbert Guede | 1,469 | 5,015 | 1,469 | 144 | |
| 125.13Isaac Le Gooch | 660 | 2,254 | 660 | 65 | |
| 6,522.51 Deacons Fund | 53,789 | 117,479 | 53,789 | 3,382 | |
| 1,839.71 Deacons Fund (Dutch Holiday | Fund) | 15,483 | 33,136 | 15,483 | 954 |
| 86,064 | 325,359 | 86,064 | 9,366 |