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|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|||||
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|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|
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||||||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|
##
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||||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|
##
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##
|||||||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|
##
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##
|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|
##