| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report of the Trustees | 2 | to | 7 |
| Report of the Independent Auditors |
8 | to | 10 |
| Statement of Financial Activities |
|||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 22 |
| Detailed Statement of Financial Activities |
23 | to | 24 |
| TRUSTEES | Rev S Botto | |
|---|---|---|
| Rev P Mooney | ||
| Bro E Slawinski | ||
| Rev D Byrne | ||
| PRINCIPAL ADDRESS | High Thorn | |
| Pittington Road |
||
| Rainton Gate | ||
| Houghton le Spring |
||
| DH5 9RG | ||
| REGISTERED CHARITY | 220690 | |
| NUMBER | ||
| AUDITORS | Robson Laidler Accountants | Limited |
| Fernwood House |
||
| Fernwood Road |
||
| Jesmond | ||
| Newcastle upon Tyne |
||
| NE2 1TJ | ||
| BANKERS | Barclays Bank Pic | |
| Corporate Banking Centre |
||
| PO Box229 | ||
| Navigation Way |
||
| Preston | ||
| PR2 2XY |
| FOR THE YEAR EN | DED 31 DE | CEMBER | 2020 | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Notes | funds f |
fund | funds f |
fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
2 | 525,047 | 821,081 | 1,346,128 | 1,955,589 | ||
| Investment income |
3 | 587,157 | 587,157 | 689,838 | |||
| Other income | 4 545 | 4,546 | 3452 | ||||
| Total | 1,116,750 | 821,081 | 1,937,831 | 2,648,879 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 4 | 86,879 | 343,989 | 430,868 | 447,429 | ||
| Charitable activities |
|||||||
| Pastoral activities | 1,184,688 | 1,184,688 | 1,154,735 | ||||
| Support of Missions | and Society | 45,750 | 45,750 | 52,500 | |||
| Contributions to generalate |
417,908 | 417,908 | 827,981 | ||||
| Total | 1,271,567 | 807,647 | 2,079,214 | 2,482,645 | |||
| Net gains on investments | 544 717 | 544 717 | 2 234 748 | ||||
| NET INCOME | 389,900 | 13,434 | 403,334 | 2,400,982 | |||
| Transfers between |
funds | 14 | 13434 | ~73434) | |||
| Net movement In funds |
403,334 | 403,334 | 2,400,982 | ||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 31,019,845 | 31,019,845 | 28,618,863 | |||
| TOTAL FUNDS CARRIED FORWARD | 31,423 179 | 31423 179 | 31 819845 |
| 31 DECEMBER 2 | 020 | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Notes | 6 | ||||
| FIXED ASSETS | |||||
| Tangible assets Investments |
9 10 |
6,787,124 22,729 398 |
6,327,809 21,975 663 |
||
| 29,516,522 | 28,303,472 | ||||
| CURRENT ASSETS | |||||
| Debtors: amounts | falling due within one year | 11 | 297,899 | 588,652 | |
| Cash at bank | 2 DD1,208 | 2,584,821 | |||
| 2,299,107 | 3,173,473 | ||||
| CREDITORS | |||||
| Amounts falling due within |
one year | 12 | (392,450) | (457,100) | |
| NET CURRENT ASSETS | 1 9D6,657 | 2,716,373 | |||
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES | 31,423,179 | 31,019,845 | |||
| NET ASSETS | 31,423,179 | 31,019,845 | |||
| FUNDS | 14 | ||||
| Unrestricted funds: |
|||||
| General fund |
6,341,766 | 6,813,763 | |||
| Retirement funds |
18,356,492 | 17,952,072 | |||
| Capital fund |
6 724,921 | 6 254,010 | |||
| 31 423,179 | 31 019,845 | ||||
| TOTAL FUNDS | 31,423,179 | 31,019,845 |
| FOR THE YEAR ENDED 3 | 1 DECEMB | ER 2020 | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Notes | F | 6 | ||
| Cash flows from operating | activities | |||
| Cash generated from operations Interest paid |
1 | (465,144) ~4890) |
(575,651) ~4924) |
|
| Net cash used in operating |
activities | ~47D D34) | ~5BQ 575) | |
| Cash flows from investing | activities | |||
| Purchase of tangible fixed assets |
(496,228) | (47,444) | ||
| Purchase of fixed asset investments |
(3,542,061) | (3,775,336) | ||
| Sale of tangible fixed assets |
4,510 | 3,450 | ||
| Sale of fixed asset investments | 3,333,043 | 3,389,689 | ||
| Dividends received |
587 157 | 689,838 | ||
| Net cash (used in)/provided | by investing | activities | ~743,579) | 260,197 |
| Change In cash and cash |
equivalents | |||
| In the reporting period |
(583,613) | (320,378) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 2 584 821 | 2 905 199 | |
| Cash and cash equivalents | at the end | |||
| of the reporting period |
2 D01.208 | 2,584 821 |
| ACTIVITIES | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| E | 6 | |||||||
| Net income for the reporting Financial Activities) |
period (as | per the Statement | of | 403,334 | 2,400,982 | |||
| Adjustments Depreciation |
for: charges |
36,913 | 28,956 | |||||
| Gain on investments | (544,717) | (2,234,748) | ||||||
| Profit on disposal offixed assets | (4,510) | (3,450) | ||||||
| Interest paid | 4,890 | 4,924 | ||||||
| Dividends received |
(587,157) | (689,838) | ||||||
| Decrease in Decrease in |
debtors creditors |
290,753 ~64,650) |
61,607 ~)44,084) |
|||||
| Net cash used in operations |
~465,144) | ~575,651) | ||||||
| 2. | ANALYSIS OF CHANGES | IN | NET FUNDS | |||||
| At 1.1.20 | Cash flow | At 31.12.20 | ||||||
| E | E | |||||||
| Net cash | ||||||||
| Cash at bank | 2 584 821 | ~583,643) | 2.001,208 | |||||
| 2,584,821 | ~583,643) | 2,001 208 | ||||||
| Total | 2.584,821 | ~583.613) | 2,001 208 |
| Grants r | e | ceived, i |
nclud | ed | in the above, are as follows. | |||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| f | 6 | |||||||
| Covid-19 | job retention | scheme | ~42 950 | |||||
| 3. | INVESTMENT INCOME | |||||||
| 2020 | 2019 | |||||||
| E | 6 | |||||||
| Dividends | and interest | 587,157 | 689,838 | |||||
| RAISING | FUNDS | |||||||
| Raising | donations | and | legacies | |||||
| 2020 | 2019 | |||||||
| f | ||||||||
| Staff costs | 149,594 | 136,900 | ||||||
| Rent and | rates | 4,800 | 4,800 | |||||
| Promotional costs |
and | appeals | 93,077 | 106,334 | ||||
| Telephone | 3,728 | 3,069 | ||||||
| Postage | and stationery | 7,141 | 10,785 | |||||
| Sundries | 4,059 | 6,102 | ||||||
| Equipment | and resources | 3,256 | 4,417 | |||||
| Motor and | travel | 14,725 | 28,532 | |||||
| Personal | allowances | 27,300 | 25,500 | |||||
| External | boarding | allowances | 21,600 | 22,050 | ||||
| Depreciation | 23,566 | 18649 | ||||||
| 352,846 | 367 138 | |||||||
| Investment management |
costs | |||||||
| 2020 | 2019 | |||||||
| 5 | 8 | |||||||
| Portfolio | management | ~78 022 | 80,291 | |||||
| Aggregate | amounts | ~430 868 | 447,429 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||
| Costs | note 6) | Totals | |||||
| E | E | E | |||||
| Pastoral activities | 1,084,227 | 100,461 | 1,184,688 | ||||
| Support of Missions and Society Contributions to generalate |
45,760 417,908 |
45,750 417 808 |
|||||
| 1,547 665 | 100461 | 1,648,346 | |||||
| 6. | SUPPORT COSTS | ||||||
| Manageme | |||||||
| 6 | |||||||
| Pastoral activities | ~100 461 | ||||||
| Support costs, included | in the above, are as follows: | 2020 | 2019 | ||||
| Pastoral | Total | ||||||
| activities | activities | ||||||
| 5 | E | ||||||
| Wages Social security |
31,637 3,407 |
29,232 3,292 |
|||||
| Pensions | 904 | 751 | |||||
| Telephone Postage and Subscriptions |
stationery | 1,230 10,250 4,701 |
976 6,913 10,227 |
||||
| Sundries | 662 | 8 | |||||
| Motor, travel Professional |
& meeting fees |
costs | 1,840 19,073 |
18,165 5,910 |
|||
| Audit fees | 8,520 | 10,500 | |||||
| Depreciation oftangible and heritage assets interest payable and similar charges |
13,347 ~4890 |
10,307 4924 |
|||||
| ~100 461 | ~101 205 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Administrative | and | fundraising | 8 | 6 | |
| Domestic, | nursing | and catering | 25 | 27 | |
| 33 | 33 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | Motor | ||
| property | fittings | vehicles | Totals | |
| 5 | E | 6 | 5 | |
| COST | ||||
| At 1 January 2020 Additions Disposals |
6,254,010 470,911 |
10,502 10,184 ~6764) |
225,691 15,133 ~26 364) |
6,490,203 496,228 ~33,)29) |
| At 31 December 2020 | 6 724,621 | 13925 | 214460 | 8,953,306 |
| DEPRECIATION | ||||
| At 1 January 2020 Charge for year Eliminated on disposal |
8,304 2,533 ~6767) |
154,090 34,380 ~26 364) |
162,394 36,913 ~33 725) |
|
| At 31 December 2020 | 4 076 | 162 106 | 166 182 | |
| NET BOOK VALUE At 31 December 2020 |
6 724 921 | 9849 | , 52 354 |
6 787,124 |
| At 31 December 2019 | 6,254 010 | 2 198 | 71 601 | 6 327,809 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| E | |
| MARKET VALUE | |
| At 1 January 2020 | 21,975,663 |
| Additions | 3,542,061 |
| Disposals Revaluations |
(3,333,043) 544 717 |
| At 31 December 2020 | 22,729,398 |
| NET BOOK VALUE | |
| At 31 December 2020 | 22,729,398 |
| At 31 December 2019 | 21,975,663 |
| 11. | DEBTORS:A | MOUNT | S F |
ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| 6 | 6 | |||||
| Trade debtors | 278,175 | 566,644 | ||||
| Other debtors | 9,200 | 11,484 | ||||
| Prepaymenls | and accrued | income | 10,524 | 10,524 | ||
| 297,899 | 588,652 | |||||
| 12. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||||
| E | ||||||
| Trade creditors | 327,421 | 387,663 | ||||
| Social security | and other taxes | 9,203 | 7,383 | |||
| Other creditors Accruals and deferred |
income | 52,826 ~3000 |
56,003 6 051 |
|||
| 392,450 | 457,100 |
| ANALY | SIS OF NET ASSET | S BETWEEN FUNDS | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| 6 | 6 | 6 | 6 | ||
| Fixed assets | 6,787,124 | 6,787,124 | 6,327,809 | ||
| Investments | 22,729,398 | 22,729,398 | 21,975,663 | ||
| Current Current |
assets liabilities |
2,299,107 ~392,45D) |
2,299,107 ~392 45D) |
3,173,473 ~457,)00) |
|
| 31,423 179 | 31,423,179 | 31,019,845 |
| MOVEM | EN | T IN FUNDS |
||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 f |
in funds f |
funds f |
31.12.20 f |
|||
| Unrestricted | funds | |||||
| General | fund | 6,813,763 | (59,469) | (412,528) | 6,341,766 | |
| Retirement | funds | 17,952,072 | 449,369 | (44,949) | 18,356,492 | |
| Capital | fund | 6 254,010 | 470,911 | 6 724 921 | ||
| 31,019,845 | 389,900 | 13,434 | 31,423,179 | |||
| Restricted | funds | |||||
| APF Fund | 13,434 | (13,434) | ||||
| TOTAL | FUNDS | 31 019845 | 403 334 | 31423 179 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources f. |
expended | losses f |
in funds f |
||
| Unrestricted | funds | ||||
| General fund Retirement funds |
409,839 706 911 |
(351,157) ~920,4703 |
(118,151) 662 868 |
(59,469) 449 369 |
|
| 1,116,750 | (1,271,567) | 544,717 | 389,900 | ||
| Restricted | funds | ||||
| APF Fund | 821,081 | (807,647) | 13,434 | ||
| TOTAL FUNDS | 1 937831 | j2D79 2143 | 544 717 | 403 334 |
| Compar | ativ | es for movement |
in funds | |||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.19 f |
in funds | funds f |
31 12.19 f |
|||
| Unrestricted | funds | |||||
| General | fund | 6,077,643 | 725,804 | 10,316 | 6,813,763 | |
| Retirement | funds | 16,287,210 | 1,656,007 | 8,855 | 17,952,072 | |
| Capital | fund | 6,254,010 | 6,254 010 | |||
| 28,618,863 | 2,381,811 | 19,171 | 31,019,845 | |||
| Restricted | funds | |||||
| APF Fund | 19,171 | (19,171) | ||||
| TOTAL | FUNDS | 28 618,863 | 2,400 982 | 31,019845 |
| Comparative | net movement in f |
unds, included in the abo |
ve are as follows | : | |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| 8 | 6 | ||||
| Unrestricted | funds | ||||
| General fund Retirement funds |
617,862 774 063 |
(366,157) ~8787051 |
474,099 1,760649 |
725,804 1,656 007 |
|
| 1,391,925 | (1,244,862) | 2,234,748 | 2,381,811 | ||
| Restricted | funds | ||||
| APF Fund | 1,256,954 | (1,237,783) | 19,171 | ||
| TOTAL FUNDS | 264887,9 | ,~2,482,6451 | 2,234,748 | 2 400,982 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| E | 5 | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 864,058 | 1,302,522 | |||
| Legacies | 168,601 | 351,929 | |||
| Grants | 42,950 | ||||
| Masses said | 69,900 | 94,270 | |||
| Salaries, stipends 8 |
pensions | 200,619 | 206,868 | ||
| 1,346,128 | 1,955,589 | ||||
| Investment income |
|||||
| Dividends and interest |
587,157 | 689,838 | |||
| Other income | |||||
| Gain on sale oftangible | fixed assets | 4,510 | 3,450 | ||
| Miscallaneous income |
36 | 2 | |||
| 4,546 | 3,452 | ||||
| Total incoming resources |
1,937,831 | 2,648,879 | |||
| EXPENDITURE | |||||
| Raising donations | and | legacies | |||
| Wages Social security |
140,392 7,405 |
128,738 6,689 |
|||
| Pensions | 1,797 | 1,473 | |||
| Rent and rates | 4,800 | 4,800 | |||
| Promotional costs and appeals |
93,077 | 108,334 | |||
| Telephone Postage and stationery Sundries |
3,728 7,141 4,059 |
3,069 10,785 6,102 |
|||
| Equipment and resources Motor and travel |
3,256 14,725 |
4,417 28,532 |
|||
| Personal allowances | 27,300 | 25,500 | |||
| External boarding allowances Motor vehicles |
21,600 66 666 |
22,050 18,649 |
|||
| 352,846 | 367,138 | ||||
| Investment management Portfolio management |
costs | 78,022 | 80,291 | ||
| Charitable activities |
|||||
| Wages Social security Pensions |
486,649 37,295 8,672 |
418,185 33,423 6,601 |
|||
| Carried forward | 532,616 | 458,209 |
| FOR THE YEAR | END | E | D | 31 DECEMBER 2020 | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | ||||||
| Charitable activities |
||||||
| Brought forward Rent & rates |
532,616 33,000 |
458,209 35,566 |
||||
| Insurance | 12,184 | 14,798 | ||||
| Light and heat | 65,824 | 73,909 | ||||
| Telephone | 5,833 | 11,503 | ||||
| Postage and stationery Repairs and maintenance |
6,355 61,496 |
6,455 47,693 |
||||
| Sundries | 27,854 | 27,236 | ||||
| Retirement costs |
167,850 | 169,050 | ||||
| Chapel expenses | 1,394 | 4,608 | ||||
| Household costs |
99,132 | 94,565 | ||||
| Motor and travel | 9,973 | 18,209 | ||||
| Medical expenses | 9,386 | 12,199 | ||||
| Funeral costs | 825 | |||||
| Personal allowances | 32,100 | 54,900 | ||||
| Region external | boarding allowances |
19,230 | 23,805 | |||
| Contributions to |
Generalate | 417,908 | 827,981 | |||
| Overseas allowances |
45,750 | 52,500 | ||||
| 1,547,885 | 1,934,011 | |||||
| Supportcosts | ||||||
| Management | ||||||
| Wages | 31,637 | 29,232 | ||||
| Social security | 3,407 | 3,292 | ||||
| Pensions | 904 | 751 | ||||
| Telephone | 1,230 | 976 | ||||
| Postage and stationery | 10,250 | 6,913 | ||||
| Subscriptions | 4,701 | 10,227 | ||||
| Sundries | 662 | 8 | ||||
| Motor, travel & |
meeting | costs | 1,840 | 18,165 | ||
| Professional fees |
19,073 | 5,910 | ||||
| Audit fees | 8,520 | 10,500 | ||||
| Fixtures and fittings | 2,533 | 2,714 | ||||
| Motor vehicles | 10,814 | 7,593 | ||||
| Bank charges | 4,890 | 4,924 | ||||
| 100,461 | 101,205 | |||||
| Total resources | expended | 2,079,214 | 2,482,645 | |||
| Net (expenditure)/income | before gains | |||||
| and losses | (141,383) | 166,234 | ||||
| Realised recognised | gains and losses | |||||
| Realised gains/(losses) | on | fixed asset | ||||
| investments | 544,717 | 2,234,748 | ||||
| Net Income | 403 334 | 2„400„982 |