| CONTENTS | PAGE |
|---|---|
| Report ofthe Trustees | 4 |
| Report ofthe Independent Auditors | 21 |
| Statement of Financial Activities | 26 |
| Balance Sheet | 29 |
| Cash Flow Statement | 30 |
| Notes to the Cash Flow Statement | 31 |
| Notes to the Financial Statements | 32 |
| Detailed Statement ofFinancial Activities | 54 |
| Senior Staff: | ||
|---|---|---|
| Executive Director | — | Andrew Hill |
| Ministry Director | — | Warran Fawcett |
| Operations Director | — | Warren Berdo |
| Finance Director | — | Nicholas Hayward then Phil Rush from April 2020 |
| Facilities Director | — | Vacant |
| Pastoral Director | — | Graham Heaps |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | £ | |
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 1,169,952 | - | - | 1,169,952 | 1,012,921 |
| Charitable activities | 5 | |||||
| Conventions and events | 200 | - | - | 200 | 10,977 | |
| Othertrading activities | 3 | 15,249 | - | - | 15,249 | 11,639 |
| Investment income | 4 | 39,002 | - | 26,605 | 65,607 | 94,064 |
| Other income | 6 | 129,392 | - | 129,392 | 2,506 | |
| Total | 1,353,795 | - | 26,605 | 1,380,400 | 1,132,107 | |
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Raising donations and legacies | 7 | 37,933 | - | - | 37,933 | 43,852 |
| Othertrading activities | 8 | 8,443 | - | - | 8,443 | 13,661 |
| Investment management costs | 9 | 4,979 | - | 6,724 | 11,703 | 19,913 |
| 51,355 | 6,724 | 58,079 | 77,426 | |||
| Charitable activities | 10 | |||||
| AreaReps - contactwith | ||||||
| Christian public | 348,503 | 323 | - | 348,826 | 408,587 | |
| Scripture Readers - contact with | ||||||
| Military Personnel | 902,022 | 3,595 | - | 905,617 | 819,568 | |
| Conventions and events | 6,373 | - | 6,373 | 32,279 | ||
| Total | 1,308,253 | 3,918 | 6,724 | 1,318,895 | 1,337,860 | |
| Net gains/(losses) on | ||||||
| investments | 45,743 | - | (169,363) | (123,620) | 258,685 | |
| NET | ||||||
| INCOME/(EXPENDITURE) | 91,285 | (3,918) | (149,482) | (62,115) | 52,932 | |
| Transfers between funds | 24 | 18,106 | - | (18,106) | ||
| Other recognised gains/(losses) | ||||||
| Gains on revaluationoffixed | ||||||
| assets | - | - | - | - | 1,190,380 | |
| Actuarial gains on defined | ||||||
| benefit schemes | 13,000 | 13,000 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | £ | |
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds broughtforward | 2,007,748 | 5,534 | 3,203,253 | 5,216,535 | 3,973,223 | |
| TOTALFUNDS CARRIED | ||||||
| FORWARD | 2,130,139 | 1,616 | 3,035,665 | 5,167,420 | 5,216,535 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | £ | |
| FIXED ASSETS | ||||||
| Tangible assets | 17 | 1,166,009 | - | 2,021,068 | 3,187,077 | 3,183,608 |
| Investments | 18 | 501,139 | - | 925,843 | 1,426,982 | 1,842,311 |
| 1,667,148 | - | 2,946,911 | 4,614,059 | 5,025,919 | ||
| CURRENT ASSETS | ||||||
| Stocks | 19 | 21,747 | - | - | 21,747 | 18,573 |
| Debtors | 20 | 82,397 | - | 1,448 | 83,845 | 67,918 |
| Cash at bank and in hand | 549,886 | 1,616 | 87,306 | 638,808 | 250,875 | |
| 654,030 | 1,616 | 88,754 | 744,400 | 337,366 | ||
| CREDITORS | ||||||
| Amounts falling due within one | ||||||
| year | 21 | (143,039) | - | - | (143,039) | (85,750) |
| NET CURRENT ASSETS | 510,991 | 1,616 | 88,754 | 601,361 | 251,616 | |
| TOTAL ASSETS LESS | ||||||
| CURRENTLIABILITIES | 2,178,139 | 1,616 | 3,035,665 | 5,215,420 | 5,277,535 | |
| PENSION LIABILITY | 25 | (48,000) | - | - | (48,000) | (61,000) |
| NET ASSETS | 2,130,139 | 1,616 | 3,035,665 | 5,167,420 | 5,216,535 | |
| FUNDS | 24 | |||||
| Unrestricted funds: | ||||||
| General fund | 506,643 | 140,534 | ||||
| Designated Fund - Properties | 1,138,693 | 1,138,693 | ||||
| Designated Fund - Investments | 484,803 | 728,521 | ||||
| Restricted funds | 2,130,139 1,616 |
2,007,748 5,534 |
||||
| Endowment funds | 3,035,665 | 3,203,253 | ||||
| TOTAL FUNDS | 5,167,420 | 5,216,535 |
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 82,432 | (107,433) |
| Interest paid | (165) | (240) | |
| Net cash provided by/(used in) operating activities | 82,267 | (107,673) | |
| Cash flows from investing activities | |||
| Purchaseoftangible fixed assets | (15,484) | (333,851) | |
| Purchaseoffixed asset investments | (177,637) | (225,233) | |
| Sale oftangible fixed assets | - | 2,506 | |
| Sale offixed asset investments | 532,862 | 382,717 | |
| Movement in investment cash account | (63,516) | 185,907 | |
| Interest received | 231 | 341 | |
| Dividends received | 48,934 | 69,128 | |
| Net cash provided by investing activities | 325,390 | 81,515 | |
| Cash flows from financing activities | |||
| Loan repayments in year | (13,000) | (13,000) | |
| Expenditure attributable to endowment | (6,724) | 13,196 | |
| Net cash (used in)/provided by financing activities | (19,724) | 196 | |
| Change in cash and cash equivalents in | |||
| the reporting period | 387,933 | (25,962) | |
| Cash and cash equivalents at the | |||
| beginning ofthe reporting period | 250,875 | 276,837 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 638,808 | 250,875 |
OPERATING ACTIVITIES |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Net (expenditure)/income forthe reporting period (as perthe | ||
| StatementofFinancial Activities) | (62,115) | 52,932 |
| Adjustments for: | ||
| Depreciation charges | 11,948 | 4,209 |
| Losses/(gain) on investments | 123,620 | (258,685) |
| Loss/(profit) on disposal offixed assets | 67 | (2,506) |
| Interest received | (231) | (341) |
| Interest paid | 165 | 240 |
| Dividends received | (48,934) | (69,128) |
| Expenditure attributable to endowment | 6,724 | (13,196) |
| (Increase)/decrease in stocks | (3,174) | 2,811 |
| (Increase)/decrease in debtors | (15,927) | 168,843 |
| Increase in creditors | 70,289 | 7,388 |
| Net cash provided by/(used in) operations | 82,432 | (107,433) |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
|---|---|---|---|
| At 1.1.20 | Cash flow | At 31.12.20 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 250,875 | 387,933 | 638,808 |
| 250,875 | 387,933 | 638,808 | |
| Debt | |||
| Debts falling due within 1 year | (26,000) | 13,000 | (13,000) |
| (26,00Q) | 13,000 | (13,000) | |
| Total | 224,875 | 400,933 | 625,808 |
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| £ | £ | ||||
| Donations | 916,539 | 774,269 | |||
| Gift aid | 82,957 | 74,586 | |||
| Legacies | 110,456 | 104,066 | |||
| Intangible income | 60,000 | 60,000 | |||
| 1,169,952 | 1,012,921 | ||||
| 3. | OTHERTRADING ACTIVITIES | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Sales | 15,249 | 11,639 | |||
| 4. | INVESTMENTINCOME | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Rents received | 16,442 | 24,595 | |||
| Dividend income | 48,934 | 69,128 | |||
| Deposit account interest | 231 | 341 | |||
| 65,607 | 94,064 | ||||
| 5. | INCOMEFROM CHARITABLE ACTIVITIES | ||||
| 2020 | 2019 | ||||
| Activity | £ | £ | |||
| Conferences income | Conventions and | events | 200 | 10,977 | |
| 6. | OTHERINCOME | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Gain on sale oftangible fixed | assets | - | 2,506 | ||
| Coronavirus Grant income | 129,392 | - | |||
| 129,392 | 2,506 | ||||
| 7. | RAISING DONATIONS AND LEGACIES | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Staffcosts | 16,264 | 21,498 | |||
| Telephone | 250 | 320 | |||
| Postage and stationery | 51 | 196 | |||
| Rent&rates | 527 | 451 | |||
| Computer costs | 80 | 59 | |||
| Heating & cleaning costs | 166 | 169 | |||
| Motor expenses | 1,134 | 1,954 | |||
| Page 35 |
| 8. | OTHERTRADING ACTIVITIES | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Purchases | 8,443 | 13,661 | ||
| This includes a provision for slow moving stock of~1,O81 (2019: £7,674) | ||||
| 9. | INVESTMENT MANAGEMENT COSTS | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Portfolio management | 9,757 | 12,756 | ||
| Rent collection | 900 | 2,980 | ||
| Property repairs | 1,046 | 4,177 | ||
| 11,703 | 19,913 | |||
| 10. | CHARITABLE ACTIVITIES COSTS | |||
| Direct | Support | |||
| Costs (see | costs (see | |||
| note 11) | note 12) | Totals | ||
| £ | £ | £ | ||
| AreaReps contactwith Christian |
||||
| public | 166,585 | 182,241 | 348,826 | |
| Scripture Readers - contactwith | ||||
| Military Personnel | 494,177 | 411,440 | 905,617 | |
| Conventions and events | 6,373 | - | 6,373 | |
| 667,135 | 593,681 | 1,260,816 | ||
| 11. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Staffcosts | 491,679 | 550,752 | ||
| Other operating leases | 15,417 | 18,718 | ||
| Telephone | 4,426 | 4,644 | ||
| Postage and stationery | 459 | 1,809 | ||
| Rent&rates | 41,136 | 36,820 | ||
| Computer costs | 2,238 | 531 | ||
| Heating & cleaning | 16,707 | 13,333 | ||
| Travel & motor expenses | 19,034 | 29,029 | ||
| Other staffcosts | 2,047 | 736 | ||
| Conferences expenses | 6,373 | 32,278 | ||
| Bibles | 323 | 513 | ||
| Relocation costs | 5,390 | 6,496 | ||
| Restructuring costs | 55,879 | - | ||
| Sundries | 5,960 | 732 | ||
| Loss on sale ofassets | 67 | |||
| 667,135 | 696,391 |
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| AreaReps - contactwith Christianpublic | 179,446 | 2,795 | 182,241 |
| Scripture Readers - contactwithMilitary | |||
| Personnel | 401,715 | 9,725 | 411,440 |
| 581,161 | 12,520 | 593,681 |
| Management | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Scripture | ||||
| Area Reps | Readers - | |||
| - contact | contact | |||
| with | with | |||
| Christian | Military | Total | Total | |
| public | Personnel | activities | activities | |
| £ | £ | £ | £ | |
| Salaries and expenses | 62,028 | 208,624 | 270,652 | 228,007 |
| Social security | 4,679 | 15,663 | 20,342 | 19,527 |
| Pensions | 4,498 | 14,689 | 19,187 | 17,523 |
| Other operating leases | 1,363 | 3,911 | 5,274 | 1,927 |
| Insurance | 2,338 | 7,827 | 10,165 | 7,008 |
| Telephone | 1,222 | 4,093 | 5,315 | 4,954 |
| Copying, postage& stationery | 8,688 | 29,047 | 37,735 | 48,241 |
| Accommodation costs & maint | 61,482 | 4,960 | 66,442 | 73,439 |
| Rent & service charges | 8,595 | 30,655 | 39,250 | 35,151 |
| Computer expenses | 5,469 | 18,309 | 23,778 | 13,969 |
| Outsource service fees | 469 | 1,570 | 2,039 | 3,158 |
| Professional fees | 2,208 | 7,391 | 9,599 | 8,129 |
| Travel & motor expenses | 781 | 2,616 | 3,397 | 6,259 |
| Cleaning | 361 | 1,209 | 1,570 | 2,531 |
| Other staffcosts | 323 | 1,083 | 1,406 | 1,249 |
| Training | 568 | 1,900 | 2,468 | 22,546 |
| Publication | 10,949 | 36,656 | 47,605 | 42,672 |
| Sundries | 650 | 2,174 | 2,824 | 10,140 |
| Depreciationoftangible and heritage assets | 2,737 | 9,211 | 11,948 | 4,209 |
| Bank interest | 38 | 127 | 165 | 240 |
| 179,446 | 401,715 | 581,161 | 550,879 |
| SUPPORT COSTS - continued Governance costs |
||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Scripture | ||||
| Area Reps | Readers - | |||
| - contact | contact | |||
| with | with | |||
| Christian | Military | Total | Total | |
| public | Personnel | activities | activities | |
| £ | £ | £ | £ | |
| Auditors’ remuneration | 2,098 | 7,022 | 9,120 | 7,820 |
| Auditors’ remunerationfornon auditwork | 386 | 1,294 | 1,680 | 1,608 |
| Professional fees | 311 | 1,409 | 1,720 | 3,736 |
| 2,795 | 9,725 | 12,520 | 13,164 |
| Net income/(expenditure) is stated after charging/(crediting): | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Auditors’ remuneration | 9,120 | 7,820 |
| Auditors’ remuneration fornon auditwork | 1,680 | 1,608 |
| Depreciation - owned assets | 11,948 | 4,208 |
| Other operating leases | 20,691 | 20,645 |
| (Deficit)/surplus on disposal offixed assets | 67 | (2,506) |
| STAFF COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 695,104 | 701,071 |
| Social security costs | 55,877 | 64,005 |
| Other pension costs | 67,143 | 72,231 |
| 818,124 | 837,307 |
| 2020 | 2019 | |
|---|---|---|
| HQStaff | 11 | 10 |
| AreaRepresentatives | 5 | 6 |
| Scripture Readers | 14 | 13 |
| 30 | 29 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 972,741 | 40,180 | - | 1,012,921 |
| Charitable activities | ||||
| Conventions and events | 10,977 | - | 10,977 | |
| Othertrading activities | 11,639 | - | - | 11,639 |
| Investment income | 33,317 | - | 60,747 | 94,064 |
| Other income | 2,506 | - | 2,506 | |
| Total | 1,031,180 | 40,180 | 60,747 | 1,132,107 |
| EXPENDITURE ON | ||||
| Raising funds | ||||
| Raising donations and legacies | 43,852 | - | - | 43,852 |
| Othertrading activities | 13,661 | - | - | 13,661 |
| Investment management costs | 8,218 | 11,695 | 19,913 | |
| 65,731 | - | 11,695 | 77,426 | |
| Charitable activities | ||||
| Area Reps - contactwith Christian public | 407,741 | 846 | - | 408,587 |
| Scripture Readers - contact withMilitary | ||||
| Personnel | 789,568 | 30,000 | - | 819,568 |
| Conventions and events | 22,099 | 10,180 | - | 32,279 |
| Total | 1,285,139 | 41,026 | 11,695 | 1,337,860 |
|---|---|---|---|---|
| Net gains on investments | 34,178 | - | 224,507 | 258,685 |
| NET INCOME/(EXPENDITURE) | (219,781) | (846) | 273,559 | 52,932 |
| 16. | COMPARATIVES FORTHE STATEMENT | OF FINANCIAL | ACTIVITIES | - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Transfers between funds | 60,746 | - | (60,746) | ||
| Other recognised gains/(losses) | |||||
| Gains on revaluation offixed assets | 826,928 | - | 363,452 | 1,190,380 | |
| Net movement in funds | 667,893 | (846) | 576,265 | 1,243,312 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 1,339,856 | 6,379 | 2,626,988 | 3,973,223 | |
| TOTAL FUNDS CARRIED FORWARD | 2,007,749 | 5,533 | 3,203,253 | 5,216,535 | |
| 17. | TANGIBLE FIXED ASSETS | ||||
| Freehold | Furniture | ||||
| property | & Equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1st January 2020 | 3,172,661 | 88,732 | 3,261,393 | ||
| Additions | - | 15,484 | 15,484 | ||
| Disposals | (351) | (351) | |||
| At 31StDecember 2020 | 3,172,661 | 103,865 | 3,276,526 | ||
| DEPRECIATION | |||||
| At 1st January 2020 | 4,905 | 72,880 | 77,785 | ||
| Charge foryear | 7,488 | 4,460 | 11,948 | ||
| Eliminated on disposal | - | (284) | (284) | ||
| At 31stDecember 2020 | 12,393 | 77,056 | 89,449 | ||
| NET BOOKVALUE | |||||
| At 31stDecember 2020 | 3,160,268 | 26,809 | 3,187,077 | ||
| At3lstDecember20l9 | 3,167,756 | 15,852 | 3,183,608 |
| FIXED ASSET INVESTMENTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Shares | 1,352,718 | 1,831,563 |
| Other | 74,264 | 10,748 |
| 1,426,982 | 1,842,311 | |
| Additional information as follows: | ||
| Listed | ||
| investments | ||
| £ | ||
| MARKETVALUE | ||
| At 1st January 2020 | 1,831,563 | |
| Additions | 177,637 | |
| Disposals | (636,184) | |
| Revaluations | (20,298) | |
| At 31stDecember 2020 | 1,352,718 | |
| NET BOOKVALUE | ||
| At 31stDecember 2020 | 1,352,718 | |
| At 31st December 2019 | 1,831,563 |
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Cash held for investment | 74,264 | 10,748 | |
| 19. | STOCKS | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Stocks | 21,747 | 18,573 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Miss Daniell’s Soldiers’ Homes | 4,736 | 5,562 |
| Dividend and mt receivable | 2,005 | 4,816 |
| Legacy debtors | 57,834 | 40,100 |
| Other debtors | 4,809 | 7,188 |
| Gifi aid tax reclaim due | 2,003 | 4,866 |
| Prepayments | 12,458 | 5,386 |
| 83,845 | 67,918 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | ||
| 2020 | 2019 | |
| £ | £ | |
| Other loans (see note 22) | 13,000 | 26,000 |
| Social security and othertaxes | 17,040 | 16,659 |
| Other creditors | 19,006 | 15,037 |
| Women’s Fellowship | 3,592 | 3,592 |
| Welfare Fund | 9,500 | - |
| Accrued expenses | 80,901 | 24,462 |
| 143,039 | 85,750 |
| An analysis ofthe maturity ofloans is given below: | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Amounts falling duewithin one year on demand: | ||
| Other loans | 13,000 | 26,000 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Within one year | 11,662 | 17,055 |
| Between one and five years | 13,044 | 2,433 |
| 24,706 | 19,488 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.1.20 | infunds | funds | 31.12.20 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 140,534 | (34,330) | 400,439 | 506,643 |
| Designated Fund - Properties | 1,138,693 | - | - | 1,138,693 |
| Designated Fund - Investments | 728,521 | 138,615 | (382,333) | 484,803 |
| 2,007,748 | 104,285 | 18,106 | 2,130,139 | |
| Restricted funds | ||||
| Bible Fund | 1,939 | (323) | - | 1,616 |
| IT ProjectFund | 3,595 | (3,595) | - | - |
| Endowment funds | 5,534 | (3,918) | - | 1,616 |
| TheKing Edward VII Soldiers & Sailors | ||||
| Ins. Fund | 609,868 | (77,162) | (7,220) | 525,486 |
| The Consolidated Fund | 444,907 | (46,577) | (3,361) | 394,969 |
| The WHDawson Trust | 2,136,804 | (25,743) | (7,525) | 2,103,536 |
| Granville-Smith Fund | 8,889 | - | - | 8,889 |
| TheMarter ReaderFund | 2,785 | - | 2,785 | |
| 3,203,253 | (149,482) | (18,106) | 3,035,665 | |
| TOTAL FUNDS | 5,216,535 | (49,115) | - | 5,167,420 |
| Net movement in funds, included in the above | are as follows: | |||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,353,795 | (1,308,253) | (79,872) | (34,330) |
| Designated Fund - Investments | - | - | 138,615 | 138,615 |
| 1,353,795 | (1,308,253) | 58,743 | 104,285 | |
| Restricted funds | ||||
| Bible Fund | - | (323) | - | (323) |
| ITProjectFund | - | (3,595) | - | (3,595) |
| - | (3,918) | - | (3,918) | |
| Endowment funds | ||||
| TheKingEdward VII Soldiers & Sailors | ||||
| Ins. Fund | 7,220 | (2,111) | (82,271) | (77,162) |
| The Consolidated Fund | 3,361 | (1,079) | (48,859) | (46,577) |
| The W HDawson Trust | 16,024 | (3,534) | (38,233) | (25,743) |
| 26,605 | (6,724) | (169,363) | (149,482) | |
| TOTAL FUNDS | 1,380,400 | (1,318,895) | (110,620) | (49,115) |
| Comparatives for movement in funds | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| Atl.1.19 | infunds | funds | 31.12.19 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 337,155 | (251,757) | 55,136 | 140,534 |
| Designated Fund - Properties | 796,222 | 826,928 | (484,457) | 1,138,693 |
| Designated Fund - Investments | 206,479 | 31,975 | 490,067 | 728,521 |
| 1,339,856 | 607,146 | 60,746 | 2,007,748 | |
| Restricted funds | ||||
| Bible Fund | 2,451 | (512) | - | 1,939 |
| IT ProjectFund | 3,928 | (333) | - | 3,595 |
| 6,379 | (845) | - | 5,534 | |
| Endowment funds | ||||
| TheKing Edward VII Soldiers & Sailors | ||||
| Ins. Fund | 529,459 | 103,155 | (22,746) | 609,868 |
| The Consolidated Fund | 396,701 | 61,193 | (12,987) | 444,907 |
| The WHDawson Trust | 1,689,154 | 472,648 | (24,998) | 2,136,804 |
| Granville-Smith Fund | 8,889 | - | - | 8,889 |
| TheMarter Reader Fund | 2,785 | 15 | (15) | 2,785 |
| 2,626,988 | 637,011 | (60,746) | 3,203,253 | |
| TOTAL FUNDS | 3,973,223 | 1,243,312 | 5,216,535 |
| Comparative net movement in funds, included | in the above are | as follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,031,180 | (1,285,140) | 2,203 | (251,757) |
| Designated Fund - Properties | - | - | 826,928 | 826,928 |
| Designated Fund - Investments | - | 31,975 | 31,975 | |
| 1,031,180 | (1,285,140) | 861,106 | 607,146 | |
| Restricted funds | ||||
| Bible Fund | - | (512) | (512) | |
| ITProjectFund | - | (333) | - | (333) |
| Various OtherRestricted Funds | 40,180 | (40,180) | - | |
| 40,180 | (41,025) | (845) | ||
| Endowment funds | ||||
| The King Edward VII Soldiers & Sailors | ||||
| Ins. Fund | 22,746 | (4,213) | 84,622 | 103,155 |
| The Consolidated Fund | 12,987 | (2,618) | 50,824 | 61,193 |
| The W H Dawson Trust | 24,999 | (4,864) | 452,513 | 472,648 |
| The MarterReaderFund | 15 | 15 | ||
| 60,747 | (11,695) | 587,959 | 637,011 | |
| TOTAL FUNDS | 1,132,107 | (1,337,860) | 1,449,065 | 1,243,312 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.19 | infunds | funds | 31.12.20 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 337,155 | (286,087) | 455,575 | 506,643 | |
| Designated Fund | - Properties | 796,222 | 826,928 | (484,457) | 1,138,693 |
| Designated Fund | .. Investments | 206,479 | 170,590 | 107,734 | 484,803 |
| 1,339,856 | 711,431 | 78,852 | 2,130,139 | ||
| Restricted funds | |||||
| Bible Fund | 2,451 | (835) | - | 1,616 | |
| ITProjectFund | 3,928 | (3,928) | - | ||
| Endowment funds | 6,379 | (4,763) | 1,616 | ||
| TheKing Edward | VII Soldiers & Sailors | ||||
| Ins. Fund | 529,459 | 25,993 | (29,966) | 525,486 | |
| The Consolidated | Fund | 396,701 | 14,616 | (16,348) | 394,969 |
| The WHDawson | Trust | 1,689,154 | 446,905 | (32,523) | 2,103,536 |
| Granville-Smith Fund | 8,889 | - | - | 8,889 | |
| TheMarterReaderFund | 2,785 | 15 | (15) | 2,785 | |
| 2,626,988 | 487,529 | (78,852) | 3,035,665 | ||
| TOTAL FUNDS | 3,973,223 | 1,194,197 | - | 5,167,420 |
as follows: |
||||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 2,384,975 | (2,593,393) | (77,669) | (286,087) |
| Designated Fund - Properties | - | - | 826,928 | 826,928 |
| Designated Fund - Investments | - | - | 170,590 | 170,590 |
| 2,384,975 | (2,593,393) | 919,849 | 711,431 | |
| Restricted funds | ||||
| Bible Fund | - | (835) | - | (835) |
| ITProjectFund | - | (3,928) | - | (3,928) |
| Various OtherRestricted Funds | 40,180 | (40,180) | - | - |
| 40,180 | (44,943) | - | (4,763) | |
| Endowment funds | ||||
| TheKingEdward VII Soldiers & Sailors | ||||
| Ins. Fund | 29,966 | (6,324) | 2,351 | 25,993 |
| The Consolidated Fund | 16,348 | (3,697) | 1,965 | 14,616 |
| The W H Dawson Trust | 41,023 | (8,398) | 414,280 | 446,905 |
| The MarterReader Fund | 15 | 15 | ||
| 87,352 | (18,419) | 418,596 | 487,529 | |
| TOTAL FUNDS | 2,512,507 | (2,656,755) | 1,338,445 | 1,194,197 |
| for the year ended 31st | December 2020 | |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 916,539 | 774,269 |
| Gift aid | 82,957 | 74,586 |
| Legacies | 110,456 | 104,066 |
| Intangible income | 60,000 | 60,000 |
| 1,169,952 | 1,012,921 | |
| Othertrading activities | ||
| Sales | 15,249 | 11,639 |
| Investment income | ||
| Rents received | 16,442 | 24,595 |
| Dividend income | 48,934 | 69,128 |
| Deposit account interest | 231 | 341 |
| 65,607 | 94,064 | |
| Charitable activities | ||
| Conferences income | 200 | 10,977 |
| Other income | ||
| Gain on sale oftangible fixed assets | - | 2,506 |
| Coronavirus Grant income | 129,392 | - |
| 129,392 | 2,506 | |
| Total incoming resources | 1,380,400 | 1,132,107 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Salaries and expenses | 13,657 | 17,862 |
| Social security | 1,262 | 1,835 |
| Pensions | 1,345 | 1,801 |
| Telephone | 250 | 320 |
| Postage and stationery | 51 | 196 |
| Rent& rates | 527 | 451 |
| Computer costs | 80 | 59 |
| Heating & cleaning costs | 166 | 169 |
| Motor expenses | 1,134 | 1,954 |
| Publicity & advertising | 19,461 | 19,205 |
| 37,933 | 43,852 | |
| Othertrading activities | ||
| Purchases | 8,443 | 13,661 |
for the year ended 31st December 2020 |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Othertrading activities | ||
| Investment management costs | ||
| Portfolio management | 9,757 | 12,756 |
| Rent collection | 900 | 2,980 |
| Property repairs | 1,046 | 4,177 |
| 11,703 | 19,913 | |
| Charitable activities | ||
| Salaries and expenses | 410,795 | 455,202 |
| Social security | 34,273 | 42,643 |
| Pensions | 46,611 | 52,907 |
| Other operating leases | 15,417 | 18,718 |
| Telephone | 4,426 | 4,644 |
| Postage and stationery | 459 | 1,809 |
| Rent&rates | 41,136 | 36,820 |
| Computer costs | 2,238 | 531 |
| Heating & cleaning | 16,707 | 13,333 |
| Travel & motor expenses | 19,034 | 29,029 |
| Other staffcosts | 2,047 | 736 |
| Conferences expenses | 6,373 | 32,278 |
| Bibles | 323 | 513 |
| Relocation costs | 5,390 | 6,496 |
| Restructuring costs | 55,879 | - |
| Sundries | 5,960 | 732 |
| Loss on sale oftangible fixed assets | 67 | - |
| 667,135 | 696,391 | |
| Support costs | ||
| Management | ||
| Salaries and expenses | 270,652 | 228,007 |
| Social security | 20,342 | 19,527 |
| Pensions | 19,187 | 17,523 |
| Other operating leases | 5,274 | 1,927 |
| Insurance | 10,165 | 7,008 |
| Telephone | 5,315 | 4,954 |
| Copying, postage & stationery | 37,735 | 48,241 |
| Accommodation costs & maint | 66,442 | 73,439 |
| Rent & service charges | 39,250 | 35,151 |
| Computer expenses | 23,778 | 13,969 |
| Outsource service fees | 2,039 | 3,158 |
| Professional fees | 9,599 | 8,129 |
| Travel & motor expenses | 3,397 | 6,259 |
| Cleaning | 1,570 | 2,531 |
| Other staffcosts | 1,406 | 1,249 |
| Training | 2,468 | 22,546 |
| Publication | 47,605 | 42,672 |
| Sundries | 2,824 | 10,140 |
| Freehold property | 7,488 | - |
| Carried forward | 576,536 | 546,430 |
| S.A.S.R.A. | S.A.S.R.A. | ||
|---|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
| for the year ended 31st December 2020 | |||
| 2020 | 2019 | ||
| Management | £ | £ | |
| Brought forward | 576,536 | 546,430 | |
| Fixtures and fittings | 4,460 | 4,209 | |
| Bank interest | 165 | 240 | |
| 581,161 | 550,879 | ||
| Governance costs | |||
| Auditors’ remuneration | 9,120 | 7,820 | |
| Auditors’ remuneration for non auditwork | 1,680 | 1,608 | |
| Professional fees | 1,720 | 3,736 | |
| 12,520 | 13,164 | ||
| Total resources expended | 1,318,895 | 1,337,860 | |
| Net income/(expenditure) before gains and | |||
| losses | 61,505 | (205,753) | |
| Realised recognised gains and losses | |||
| Realised gains/(Iosses) | on fixed asset investments | (103,322) | 21,487 |
| Net expenditure | (41,817) | (184,266) |