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|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|
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|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|
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||||||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|
##
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|||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|
##
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|
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|
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|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|||
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|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|
##
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|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|
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|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)|
##
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|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|
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||2020|2019|
|---|---|---|
|HQStaff|11|10|
|AreaRepresentatives|5|6|
|Scripture Readers|14|13|
||30|29|
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||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|
##
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|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|
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|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|
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|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|
##
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|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)|
##
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|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)|