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|Company
Information|||||
|---|---|---|---|---|
|Directors'
Report|||||
|Member Denominations|||||
|Report ofthe Independent|Examiner||||
|Statement
of Financial Activities||(Including|Income and Expenditure|Account)|
|Balance Sheet|||||
|Notes to the Financial Statements|||||
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|orthe year end|ed|31»|Decem|ber 2020||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Tota
I|
||||Notes|Funds|Funds|Funds|Funds|
|||||2020|2020|2020|2019|
|||||E|F|E|f|
|Income and endowments|||from:|||||
|Donations
and legacies:||||||||
|Member church subscriptions||||19,178||19,178|19,585|
|Donations||||3,301||3,301||
|Charitable
activities:||||||||
|Grants|||2||20,000|20,000|68,000|
|Other trading
activities:||||||||
|Rental income||||33,197||33,197|46,356|
|Investments:||||||||
|UK listed investments||||54,035||54,035|58,730|
|Rental properties||||92,500||92,500|92,500|
|Other||||99||99|147|
|Other||||||||
|Conference Fees||||(94)||(94)|3,078|
|Other||||3,762||3,762|5,941|
|Total||||205,978|20,000|225,978|294,337|
|Expenditure
on:||||||||
|Investment
management|||costs:|||||
|Property management||costs||2,206||2,206|1,353|
|Charitable
activities||||||||
|Grants payable|||3|1,820||1,820|2,720|
|Other|||3|336,058|27,665|363,723|377,531|
|Total||||340,084|27,665|367,749|381,604|
|Net income
/ (expenditure)||||(134,106)|(7,665)|141,771|87,267|
|Gains /(losses) on|investment||assets|83,071||83,071|193,481|
|Net income
/ (expenditure)||||(51,035)|(7,665)|(58,700)|106,214|
|Net Movement
in|Funds|||(51,035)|(7,665)|(58,700)|106,214|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||3,023,584|7,665|3,031,249|2,925,035|
|Total funds carried forward||||2,972,549||2,972,549|3,031,249|
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|As at 31»Dece|mb|er 202|0||||
|---|---|---|---|---|---|---|
||||Notes|2020||2019|
|Fixed Assets|||||||
|Tangible assets|||6|87,559||98,670|
|Investments|||7|2,772,612||2,789,541|
||||||2,860,171|2,888,211|
|Current Assets|||||||
|Debtors|||8|104,625||49,208|
|Cash at bank and|in|hand||93,195||143,776|
|||||197,820||192,984|
|Current
Liabilities|||||||
|Amounts
falling due||within||||49,946|
|one year|||||||
|Net Current Assets|||||112,378|143,038|
|Net Assets|||||2,972,549|3,031,249|
|Funds|||||||
|Unrestricted:|||||||
|General unrestricted||funds|10||2,972,549|3,023,584|
|Restricted funds|||10|||7,665|
|Total Funds|||||2,972,549|3,031,249|
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|which meets these criteri|which meets these criteri|a|is charged
to th|e fund, together
with a fair al|e fund, together
with a fair al|location
ofc|osts.|
|---|---|---|---|---|---|---|---|
|2.Income and endowments|||from Charitable|Activities: Grants||||
|||||||2020|2019|
|Restricted
Funds||||||E||
|Departm't
of Health|—Health Care Chaplaincy||||||45,000|
|Departm't
of Health|—Multi Faith Group re Health Care Chaplaincy||||||3,000|
|Methodist
Church
—Prison|||Chaplaincy|||20,000||
|Westhill Endowment|-The Commssion||||||20,000|
|Total||||||20,000|68,000|
|3.Expenditure
on: Charitable|||Activities|||||
||||Unrestricted||Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2020|2020|2020|2019|
|||||E||E||
|Grants payable:||||||||
|Ministerial
counselling||service||1,820||1,820|1,720|
|Other - The Welcome||Directory|||||1,000|
|||||1,820||1,820|2,720|
|Direct expenditure:||||||||
|General||||179,222||179,222|180,797|
|Health Care Chaplaincy(HCC)||||14,692|7,665|22,357|38,038|
|Public Affairs Project|||||39,720|39,720|24,000|
|HCC Advisors Panel|||||||1,775|
|Mulitfaith/Faith
and|Belief Group||||||13,256|
|Education
officers||||81,491||81,491|72,637|
|Prison Chaplaincy||||20,933|20,000|40,933|47,028|
|||||296,338|67,385|363,723|377,531|
|Total||||298,158|67,385|365,543|380,251|
|4. Directors'
Emoluments
and Staff Costs|4. Directors'
Emoluments
and Staff Costs||||||
|---|---|---|---|---|---|---|
|Staff costs during the year were:|||||2020|2019|
|||||||F|
|Wages and salaries|||||190,792|194,405|
|Social security costs|||||12,104|14,768|
|Pension
contributions|||||37,489|17,757|
|Total|||||240,385|226,930|
|No employees
received remuneration|greater||than f60,000.||||
|The average
number of employees|during|the|year was:||2020|2019|
||||||Number|Number|
|Direct charitable
activities|||||4|4|
|Management
and administration|||||2|2|
|Total|||||6|6|
|Total compensation
paid to key management|||personnel|in the|year amounted|to 845,142|
|(2019:844,695).|||||||
|Total compensation
pai
(2019:844,695).|d to key|managem|ent
per|sonnel
in the ye|sonnel
in the ye|ar amounted|to 845,14|
|---|---|---|---|---|---|---|---|
|Directors'
emoluments,|including|pension|benefits,|amounted
to L'nil||(2019:anil).||
|Expenses
reimbursed
to five (2019:seven) directors|||||for travel, subsistence
and||conference|
|expenses were F1,366|(2019:L4,862).|||||||
|.Net Income I(Expenditure)||||||||
|Net incoming
resources|is stated|after charging:||||2020|2019|
|Independent
Examiner's Fee||||||2,100|2,100|
|Depreciation||||||11,111|11,171|
|.Tangible Fixed Assets||||||||
||||||Furniture|Leasehold||
||||||and|Property|Total|
|Cost|||||Equipm't|Improvem't
E|f|
|At 1 January 2020|||||24,726|234,444|259,170|
|At 31 December 2020|||||24,726|234,444|259,170|
|Depreciation||||||||
|At 1 January2020|||||20,698|139,802|160,500|
|Charge for the year|||||3,223|7,888|11,111|
|At 31 December 2020|||||23,921|147,690|171,611|
|Net Book Value||||||||
|At 31 December 2020|||||805|86,754|87,559|
|At 31 December 2019|||||4,028|94,642|98,670|
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|.Investments|||||
|---|---|---|---|---|
|||UK Listed
Investments|Investment
Properties|Total|
|||General|General||
|||Funds|Funds||
|Market Value|||||
|At 1 January2020||1,639,541|1,150,000|2,789,541|
|Increase on revaluation|in year|83,071||83,071|
|Redeemed
in year||(100,000)||(100,000)|
|At 31 December 2020||1,622,612|1,150,000|2,772,612|
|Historic Cost|||||
|At 1 January2020||1,553,831|667,881|2,221,712|
|Redemption
in year||(93,929)|-|(93,929)|
|At 31 December 2020||1,459,902|667,881|2,127,783|
|quoted/
are as|listed
within
follows:|the UK. Investments
which m|ade up over 5%ofthe value of th|e portfoli|
|---|---|---|---|---|
||||2020|2019|
|COIF|ethical income units||90.89|84.63|
|COIF|fixed interest|units|1.73|7.68|
|COIF|propertyfund|units|7.38|7.69|
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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||||E|
|Trade debtors|||||29,205|14,708|
|Prepayments|||and accrued income||75,420|34,500|
|Total|||||104,625|49,208|
|9.Current|Liabilities: Amounts|||Falling Due Within One Year|||
||||||2020|2019|
|||||||F|
|Accruals|||||41,862|2,142|
|Deferred||rental income|||10,625|10,625|
|Other|Creditors||||32,955|37,179|
|Total|||||85,442|49,946|
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|0.Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||01-Jan-20|Transfers
between||Income|Expend
iture|Gains
/
(Losse||31-Dec-20|
|||funds|||||||
|Unrestricted
Funds:|||||||||
|General reserve|234,043|6,071||205,978|(340,084)|||106,008|
|Investment
reserve|1,553,831|||||||1,553,831|
|Investment
revaluation
reserve|85,710|(6,071)||||83,071||162,710|
|Property reserve|667,881|||||||667,881|
|Property revaluation|482,119|||||||482,119|
|Total unrestricted|3,023,584||-|205,978|340,084|83,071||2,972,549|
|Restricted
Funds|||||||||
|Healthcare
Chaplaincy|7,665||||(7,665)||||
|Prison Chaplaincy||||20,000|(20,000)||||
|Total restricted|7,665|||20,000|27,665||||
|Total Funds|3,031,249||-|225,978|367,749|83,071||2,972,549|
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|1.Analysis
o|f Net Asse|ts Between|Funds|||
|---|---|---|---|---|---|
||||Tangible|||
||||Fixed|Investments|Total|
||||Assets|||
|Unrestricted|Funds|||||
|General unrestricted||funds|87,559|2,772,612|112,378 2,972,549|
|Restricted|Funds|||||
|Total Funds|||87,559|2,772,612|112,378 2,972,549|
|12.Comparative
Statement of Financial Activities|12.Comparative
Statement of Financial Activities|12.Comparative
Statement of Financial Activities|12.Comparative
Statement of Financial Activities|by fund|type||
|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Total|
||||Funds||Funds|Funds|
||||2019||2019|2019|
||||||E||
|Income and endowments||from:|||||
|Donations
and legacies:|||||||
|Member church subscriptions||||19,585||19,585|
|Charitable
activities:|||||||
|Grants|||||68,000|68,000|
|Other trading
activities:|||||||
|Sales|||||||
|Rental income||||46,356||46,356|
|Investments:|||||||
|UK listed investments||||58,730||58,730|
|Rental properties||||92,500||92,500|
|Other||||147||147|
|Other|||||||
|Conference Fees||||3,078||3,078|
|Other||||5,941||5,941|
|Total|||226,337||68,000|294,337|
|Expenditure
on:|||||||
|Investment
management||costs:|||||
|Property management|costs|||1,353||1,353|
|Charitable
activities|||||||
|Grants payable||||1,720|1,000|2,720|
|Other|||281,181||96,350|377,531|
|Total|||284,254||97,350|381,604|
|Net income
/ (expenditure)|||(57,917)||(29,350)|87,267|
|Gains
/ (losses) on investment||assets|193,481|||I93,481|
|Net income
/ (expenditure)|||135,564||(29,350)|106,214|
|Transfers
between
funds||||(4,000)|4,000||
|Net Movement
in Funds|||131,564||(25,350)|106,214|
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