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2020-12-31-accounts
| 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) |