| Advisors | |||||
|---|---|---|---|---|---|
| Bankers | National Westminster | Bank Pic | |||
| 15Bishopsgate | |||||
| London EC2P 2AP | |||||
| CCLA investment | Management | Ltd | |||
| Senator House | |||||
| 85Queen Victoria Street | |||||
| London EC4V4ET | |||||
| Auditors | Cook 8 CoAccountants | LLP | |||
| Riverside Business | Centre | ||||
| River Lawn Road | |||||
| Tonbridge | |||||
| Kent TN91EP |
|||||
| 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 EC4V 4ET |
| Note | 2022f | 2021 F |
|||
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Tangible Investments |
9 10&17 |
306 3,954 142 |
382 4,363464 |
||
| 3,964,448 | 4,363,636 | ||||
| CURRENT ASSETS | |||||
| Stack | 11 | 1 | 1 | ||
| Debtors | 12 | 111,514 | 89,492 | ||
| Cash at bank | and ln hand | 13 | 745893 | 939202 | |
| 857,408 | 1,028,695 | ||||
| Creditors | 42779 | 38338 | |||
| 814,629 | 990357 | ||||
| NET ASSETS | 4,769,077 | 5,363,993 | |||
| Represented | by | ||||
| Restricted fund - Deacons Fund | 158916 | 351,798 | 391,631 | ||
| Designated | Fund - Capital Fund | 15 | 3,261,843 | 3,627,755 | |
| AccumuIated | Income fund | 16 | 1,165,436 | 1 334,607 | |
| 4,769;077 |
| NOTES | TO THE ACCOUNTS | |||||
|---|---|---|---|---|---|---|
| 2022f | 2021 | |||||
| SUNDRY INCOME | ||||||
| Unrestricted | ||||||
| Social hall hire | 95,093 | 48,508 | ||||
| Site rental | 6,890 | 2,023 | ||||
| Wedding services |
1,700 | 4,000 | ||||
| HMRC - CJRSgrants received | 15,887 | |||||
| Sale of postage stamps | 11 | |||||
| Gift Ald 2022 - interest | 7 | 1 | ||||
| Sale ofbooks | 80 | |||||
| Sale of Mugs | 8 | |||||
| Crypt income | 1,400 | |||||
| Use ofphotocopier | 70 | 55 | ||||
| 105,246 | 20,465 | |||||
| ESTABLISHMENT | EXPENSES | |||||
| Church, social hall | and other properties | |||||
| Repairs and maintenance: | ||||||
| General | 22,352 | 20,652 | ||||
| Organ and piano | 3,299 | 695 | ||||
| Flat | 768 | 890 | ||||
| Kitchen equipment | 1,059 | 115 | ||||
| Insurance | 26,76'I | 24,701 | ||||
| Light, heat and water | 12,033 | 5,458 | ||||
| Cleaning | 10,992 | 7,971 | ||||
| Depreciation offurniture | and fittings | 76 | 95 | |||
| Sundries (Including |
rates) | 1,781 | 1,732 | |||
| 79,121 | 62,309 | |||||
| CHURCH ACTIVITIES EXPENSES | ||||||
| Church magazine | costs | 3,429 | 4,430 | |||
| VisiUng ministers, | organists etc | 9,088 | 2,891 | |||
| Food and drink supplies | 6,786 | 3,946 | ||||
| Sundryexpenses | 7,047 | 10,029 | ||||
| Sunday service - Live streaming | costs | 902 | 265 | |||
| Organ recitals/concerts | 2,660 | 2,900 | ||||
| Crypt expenses | 111 | 111 | ||||
| Functions/Events | expenses | 2,220 | 1461 | |||
| 32,243 | 26,033 |
| NOTES TOTHE ACCOUNTS (continued) | NOTES TOTHE ACCOUNTS (continued) | ||
|---|---|---|---|
| YEAR ENDED 31DECEMBER 2022 | |||
| 2022 | 2021 | ||
| 4, SALARIES | |||
| Minister | 79,613 | 75,136 | |
| Minister's | Pension | 29,158 | 5,196 |
| Vergers | 49,306 | 42,276 | |
| Vergers | Pensions | 6,749 | 4,403 |
| Organists | 20,877 | 17,644 | |
| Organists | Pension | 517 | 6,439 |
| Pensions | - former employees | 8,172 | 7,934 |
| 194,392 | 159,028 |
| 5. | MINISTER'S EXPENSES | ||
|---|---|---|---|
| Establishment and Church activities |
|||
| Rent, rates, water and insurance | 36,146 | 33,327 | |
| Telephone | 753 | 640 | |
| Travelling expenses |
2,522 | 4,227 | |
| Sundryexpenses | 383 | 1,296 | |
| 39,804 | 39490 |
| NOTES TO THE ACCOUNTS (continue | d) | ||
|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2022 | |||
| 2022 | 2021 | ||
| 6. ADMINISTRATION EXPENSES |
|||
| Printing, stationery and books |
862 | 814 | |
| Telephone, postage and advertising |
4,103 | 3,718 | |
| Computer running costs |
3,751 | 2,534 | |
| Professional charges |
4,584 | 8,028 | |
| Auditors remuneration |
5,485 | 5,010 | |
| Sundryexpenses | 2,039 | 2,241 | |
| Bank charges and interest | 865 | 324 | |
| Currency exchange losses | 214 | 321 | |
| 21,903 | 22,990 | ||
| 7. DONATIONS PAID |
|||
| Gifts to needy persons | 15 | ||
| 8. SPECIAL COLLECTIONS PAID | |||
| Special collections paid to charitable | organisations | 8,311 | 5,896 |
| YEAR ENDED 31 DECEMBER 2022 | YEAR ENDED 31 DECEMBER 2022 | YEAR ENDED 31 DECEMBER 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| 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 gncluding | library): | |||
| The Dutch Church, Austin Friars, EC2 |
|||||
| At written | down value | 379 | 474 | ||
| Additions | |||||
| 379 | 474 | ||||
| Depreciation charge for the year |
76 | 95 | |||
| Net book | value | 303 | 379 | ||
| 306 | 382 |
| NOTES TO THE ACCOUNTS (continued) | NOTES TO THE ACCOUNTS (continued) | |||
|---|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2022 | ||||
| 2022 | 2021 | |||
| 10.INVESTMENTS | ||||
| Unrestricted | ||||
| Market value at 1 January | 3,991,742 | 3,395,644 | ||
| Less: Disposals at opening book value |
||||
| Add: Acquisitions atcost |
2,737 | |||
| Net gain/(loss) on revaluation |
at 31 December | (365,912) | 593,361 | |
| Market value at 31 December | 3,625,830 | 3,991,742 | ||
| Historical cost at 31 December | 3,020,587 | 3,020,587 | ||
| See the end ofnote 17for further details ofrestricted | investments | |||
| Restricted | ||||
| Market value at 1 January | 371,512 | 325,359 | ||
| Less: Disposais at opening book value |
||||
| Add: Acquisition at cost |
||||
| Net gain/(loss) on revaluation |
at 31 December | (43,200) | 19,559 | |
| Market value at 31 December | 328,312 | 371,512 | ||
| Historical cost at 31 December | 86,064 | 86,064 | ||
| Total market value at 31 December | 3,954,142 | 4,363,254 | ||
| Total historical cost at 31 December | 3,106,651 | 3,106,651 |
| YEAR ENDED 31 DECEMBER 2022 | YEAR ENDED 31 DECEMBER 2022 | ||
|---|---|---|---|
| 2022f | 2021 E |
||
| 12.DEBTORS | |||
| Unrestricted | |||
| Income tax recoverable | 1,476 | 1,493 | |
| Trade debtors | 25,264 | 23,487 | |
| Sundry debtors | 55,835 | 37,783 | |
| Prepay ments |
27,249 109,824 |
25474 88,237 |
|
| Restricted | |||
| Income tax recoverable | 1,241 | 1,255 | |
| Sundry debtors | 449 | ||
| 1,690 | 1,255 | ||
| Total debtors | 111,514 | 89,492 | |
| (All amounts are due within one year.) |
|||
| 13.CASH AT BANK AND | IN HAND | ||
| Unrestricted | |||
| National Westminster | Bank, London: | ||
| Current account | |||
| Business reserve account | 97,000 | 57,434 | |
| Petty cash account | 560 | 501 | |
| Austin friars forum account | 3,294 | 3,255 | |
| Paypal account | 734 | 1,100 | |
| CBFDeposit Fund | 616,000 | 850,000 | |
| Dutch postal giro | 2,931 | ||
| Petty cash | 82 | 26 | |
| 717,670 | 915,247 | ||
| Restricted | |||
| National Westminster |
Bank, Current account | 28,223 | 23,954 |
| Total cash at bank and in hand | 745,893 | 939,201 |
| NOTES TO TH | E ACCOUNTS (continued) | E ACCOUNTS (continued) | ||
|---|---|---|---|---|
| YEAR ENDED | 31DECEMBER 2022 | |||
| 2022f | 2021 | |||
| 14.CREDITORS | ||||
| Unrestricted | ||||
| Suppliers | 5,756 | 6,956 | ||
| Other creditors | 11,330 | 10,170 | ||
| Accruals | 2,610 | 1,418 | ||
| VAT | 8,701 | 8,569 | ||
| PAYE/NIC | 9,328 | 7,903 | ||
| 37,725 | 35,016 | |||
| Restricted | ||||
| Other creditors | 1,214 | 311 | ||
| Deacons fund | 3,840 | 3,011 | ||
| 5,054 | 3,322 | |||
| Total creditors | 42,779 | 38,338 | ||
| (AII amounts | are due within one year.) | |||
| 15.CAPITAL FUND | ||||
| Unrestricted | ||||
| Balance at Unrealised |
1 January gains/(losses) |
in year | 3,627,755 ~365,912 |
3,034,394 593,361 |
| Balance at | 31 December | 3,261,843 | 3,627,755 | |
| Restricted | ||||
| Balance at Unrealised |
1 January gains/(losses) |
in year | 313,675 ~43,200 |
267,522 46,153 |
| Balance at | 31 December | 270,475 | 313,675 | |
| 16,ACCUMULATED INCOME FUND |
||||
| Unrestricted | ||||
| Balance at | 1 January | 1,334,607 | 1,495,472 | |
| Surplus/(deficit) for the year |
(179,173) | (160,863) | ||
| Historical rounding difference |
2 | 2 | ||
| Balance at | 31 December | 1,155,436 | 1,334,607 | |
| Restricted | ||||
| Balance at | 1 January | 77,956 | 74,030 | |
| Surplus/(defcit) for the year |
3,367 | 3,926 | ||
| Balance at | 31 December | 81,323 | 77,956 |
| 17.INVESTMENTS | 17.INVESTMENTS | AND INCOME | Market | Net | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Cost | Value | Income | |||||
| Nominal | amount | F | ||||||
| EQUITIES AND UNIT TRUSTS | ||||||||
| 68,349.99 | The CBFChurch ofEngland | Investment | Fund | |||||
| Accumulation | Shares | 3,020,587 | 3,625,830 | |||||
| 3020587 | 3625830 |
| UITI | ES AND UNIT TRUSTS - COST OF IN | VESTMENTS |
|---|---|---|
| As at | 1stJanuary 2022 | 3,020,587 |
| Purchased | ||
| 3,020,587 | ||
| Less | Sold | |
| Rounding | ||
| As at | 31stDecember 2022 | 3,020,587 |
| Cost | 2021 | 2020 | 2021 | 2020 | |
|---|---|---|---|---|---|
| or | Market | Market | Gross | Gross | |
| SUMMARY | Valuation E |
Value f |
Value | income E |
Income |
| WIDER RANGE | |||||
| Equities and unit trusts | 3,020,587 | 3,991,742 | 3,395,644 | 493 | 4,470 |
| Restricted | 2022 | 2022 | 2021 | 2022 |
|---|---|---|---|---|
| Book | Market | Book | Income | |
| Value | Value | Value | ||
| F | F | |||
| 3,907.84 Deacons Fund | 4,300 | 71,025 | 4,300 | 2,121 |
| 4,383.39Deacons Fund | 5,051 | 79,668 | 5,051 | 2,379 |
| 1,007.01 Barnet Estate of Guedes Charity | 5,312 | 18,302 | 5,312 | 547 |
| 278.43 Egbert Guede | 1,469 | 5,060 | 1,469 | 151 |
| 125.13Isaac Le Gooch | 660 | 2,274 | 660 | 68 |
| 6,522.51 Deacons Fund | 53,789 | 118,546 | 53,789 | 3,540 |
| 1,839.71 Deacons Fund (Dutch Holiday Fund) | 15,483 | 33,437 | 15,483 | 998 |
| 86,064 | 328,312 | 86,064 | 9,804 |