## 



|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report of the Trustees|2|to|7|
|Report of the Independent<br>Auditors|8|to|10|
|Statement<br>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<br>of Financial Activities|23|to|24|





## 

|TRUSTEES|Rev S Botto||
|---|---|---|
||Rev P Mooney||
||Bro E Slawinski||
||Rev D Byrne||
|PRINCIPAL ADDRESS|High Thorn||
||Pittington<br>Road||
||Rainton Gate||
||Houghton<br>le Spring||
||DH5 9RG||
|REGISTERED CHARITY|220690||
|NUMBER|||
|AUDITORS|Robson Laidler Accountants|Limited|
||Fernwood<br>House||
||Fernwood<br>Road||
||Jesmond||
||Newcastle<br>upon Tyne||
||NE2 1TJ||
|BANKERS|Barclays Bank Pic||
||Corporate<br>Banking Centre||
||PO Box229||
||Navigation<br>Way||
||Preston||
||PR2 2XY||





## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 



## 



## 

## 

|FOR THE YEAR EN|DED 31 DE|CEMBER|2020|||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds<br>f|fund|funds<br>f|fundsf|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|525,047|821,081|1,346,128|1,955,589|
|Investment<br>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<br>activities||||||||
|Pastoral activities||||1,184,688||1,184,688|1,154,735|
|Support of Missions|and Society||||45,750|45,750|52,500|
|Contributions<br>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<br>between|funds||14|13434|~73434)|||
|Net movement<br>In funds||||403,334||403,334|2,400,982|
|RECONCILIATION<br>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<br>Investments|||9<br>10|6,787,124<br>22,729 398|6,327,809<br>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<br>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<br>funds:||||||
|General<br>fund||||6,341,766|6,813,763|
|Retirement<br>funds||||18,356,492|17,952,072|
|Capital<br>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<br>from operations<br>Interest paid||1|(465,144)<br>~4890)|(575,651)<br>~4924)|
|Net cash used<br>in operating|activities||~47D D34)|~5BQ 575)|
|Cash flows from investing|activities||||
|Purchase<br>of tangible<br>fixed assets|||(496,228)|(47,444)|
|Purchase<br>of fixed asset investments|||(3,542,061)|(3,775,336)|
|Sale of tangible<br>fixed assets|||4,510|3,450|
|Sale of fixed asset investments|||3,333,043|3,389,689|
|Dividends<br>received|||587 157|689,838|
|Net cash (used in)/provided|by investing|activities|~743,579)|260,197|
|Change<br>In cash and cash|equivalents||||
|In the reporting<br>period|||(583,613)|(320,378)|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||2 584 821|2 905 199|
|Cash and cash equivalents|at the end||||
|of the reporting<br>period|||2 D01.208|2,584 821|





## 

||ACTIVITIES||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||E|6|
||Net income for the reporting<br>Financial Activities)|||period (as|per the Statement|of|403,334|2,400,982|
||Adjustments<br>Depreciation|for:<br>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<br>received||||||(587,157)|(689,838)|
||Decrease<br>in <br>Decrease<br>in|debtors<br> creditors|||||290,753<br>~64,650)|61,607<br>~)44,084)|
||Net cash used<br>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,<br>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<br>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<br>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<br>Contributions<br>to generalate||||45,760<br>417,908||45,750<br>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<br>Social security|||||31,637<br>3,407|29,232<br>3,292|
||Pensions|||||904|751|
||Telephone<br>Postage and <br>Subscriptions|stationery||||1,230<br>10,250<br>4,701|976<br>6,913<br>10,227|
||Sundries|||||662|8|
||Motor, travel<br>Professional|& meeting <br>fees||costs||1,840<br>19,073|18,165<br>5,910|
||Audit fees|||||8,520|10,500|
||Depreciation<br>oftangible<br>and heritage<br>assets<br>interest payable<br>and similar charges|||||13,347<br>~4890|10,307<br>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<br>2020<br>Additions<br>Disposals|6,254,010<br>470,911|10,502<br>10,184<br>~6764)|225,691<br>15,133<br> ~26 364)|6,490,203<br>496,228<br> ~33,)29)|
|At 31 December 2020|6 724,621|13925|214460|8,953,306|
|DEPRECIATION|||||
|At 1 January 2020<br>Charge for year<br>Eliminated<br>on disposal||8,304<br>2,533<br>~6767)|154,090<br>34,380<br> ~26 364)|162,394<br>36,913<br> ~33 725)|
|At 31 December 2020||4 076|162 106|166 182|
|NET BOOK VALUE<br>At 31 December 2020|6 724 921|9849|,<br>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<br>Revaluations|(3,333,043)<br>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<br>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<br>Accruals and deferred||income||52,826<br>~3000|56,003<br>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 <br>Current|assets<br>liabilities|2,299,107<br>~392,45D)||2,299,107<br>~392 45D)|3,173,473<br>~457,)00)|
|||31,423 179||31,423,179|31,019,845|





## 

## 

|MOVEM|EN|T<br>IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.20<br>f|in funds<br>f|funds<br>f|31.12.20<br>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<br>f.|expended|losses<br>f|in funds<br>f|
|Unrestricted|funds|||||
|General<br>fund<br>Retirement<br>funds||409,839<br>706 911|(351,157)<br>~920,4703|(118,151)<br>662 868|(59,469)<br>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<br>for movement|in funds||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.19<br>f|in funds|funds<br>f|31 12.19<br>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<br>in f|unds,<br>included<br>in the abo|ve are as follows|:||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||8|6|||
|Unrestricted|funds|||||
|General<br>fund<br>Retirement<br>funds||617,862<br>774 063|(366,157)<br>~8787051|474,099<br>1,760649|725,804<br>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<br>and legacies||||||
|Donations||||864,058|1,302,522|
|Legacies||||168,601|351,929|
|Grants||||42,950||
|Masses said||||69,900|94,270|
|Salaries, stipends<br>8|pensions|||200,619|206,868|
|||||1,346,128|1,955,589|
|Investment<br>income||||||
|Dividends<br>and interest||||587,157|689,838|
|Other income||||||
|Gain on sale oftangible||fixed assets||4,510|3,450|
|Miscallaneous<br>income||||36|2|
|||||4,546|3,452|
|Total incoming<br>resources||||1,937,831|2,648,879|
|EXPENDITURE||||||
|Raising donations|and|legacies||||
|Wages<br>Social security||||140,392<br>7,405|128,738<br>6,689|
|Pensions||||1,797|1,473|
|Rent and rates||||4,800|4,800|
|Promotional<br>costs and appeals||||93,077|108,334|
|Telephone<br>Postage and stationery<br>Sundries||||3,728<br>7,141<br>4,059|3,069<br>10,785<br>6,102|
|Equipment<br>and resources<br>Motor and travel||||3,256<br>14,725|4,417<br>28,532|
|Personal allowances||||27,300|25,500|
|External<br>boarding<br>allowances<br>Motor vehicles||||21,600<br>66 666|22,050<br>18,649|
|||||352,846|367,138|
|Investment<br>management<br>Portfolio management|||costs|78,022|80,291|
|Charitable<br>activities||||||
|Wages<br>Social security<br>Pensions||||486,649<br>37,295<br>8,672|418,185<br>33,423<br>6,601|
|Carried forward||||532,616|458,209|





## 

|FOR THE YEAR|END|E|D|31 DECEMBER 2020|||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||||E|
|Charitable<br>activities|||||||
|Brought forward<br>Rent & rates|||||532,616<br>33,000|458,209<br>35,566|
|Insurance|||||12,184|14,798|
|Light and heat|||||65,824|73,909|
|Telephone|||||5,833|11,503|
|Postage and stationery<br>Repairs and maintenance|||||6,355<br>61,496|6,455<br>47,693|
|Sundries|||||27,854|27,236|
|Retirement<br>costs|||||167,850|169,050|
|Chapel expenses|||||1,394|4,608|
|Household<br>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<br>allowances||||19,230|23,805|
|Contributions<br>to|Generalate||||417,908|827,981|
|Overseas<br>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<br>&|meeting||costs||1,840|18,165|
|Professional<br>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|