2021-09-30-accounts - First Church Of Christ, Scientist, London

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						Total	Total
					Notes	2021	2020
						6
Income and endowments		from:
Donations and legacies						171,069	22,811
Charitable activities						2,103	6,499
Investments						200,570	299,283
Total income						373,742	328,593
Expenditure on:
Raising funds - investment		management		fees		35,267	30,429
Charitable activities					5	293,225	432,530
Total expenditure						328,492	462,959
Net Income/(expenditure)		before investment
gains/(losses)						45,250	(134,366)
Net gains/(losses)	on investments				12	586,952	129,401
Gain on revaluation	of investment		properties		10	567,000
Foreign exchange	(loss)/gain					(38)	(45)
Net movement in	funds					1,199,164	(5,010)
Reconciliation of	funds
Fund balances brought forward at 1 October 2020					14	10,477,429	10,482,439
Fund balances carried forward			at 30	September 2021	14	611,676,593	910,477,429

	recorded at tra	recorded at tra	nsachon pnce. Any losses arising from i	mpairments are recognised in expe	nditure.
2.	DONATIONS		AND LEGACIES	Total	Total
				2021 8	2020f
	Collections			1,366	6,144
	Donations			9,590	7,319
	Covenants			10,018	4,348
	Legacies			150,095	5,000
				5171,069	622,811
3.	CHARITABLE		ACTIVITIES	Total	Total
				2021	2020
	Reading	room	sales	52,103	66,499
4.	INVESTMENT		INCOME	Total	Total
				2021f	2020 6
	Rent			103,134	187,294
	Dividends	and	interest	97,436	111,989
				5200,570	F299,283

5.	ANALYSIS OF EXPENDITURE		Direct	Grants	Grants	Support	Total	Total
	ON CHARITABLE ACTIVITIES		costs F	funding f		costs F	2021	2020 6
	Salaries		33,660			62,496	96,156	108,146
	Fees- organist and soloists		25,800				25,800	17,883
	Reading room purchases		5,658				5,658	9,803
	Lectures		6,092				6,092	10,813
	Grants/subsidies paid (note 7)			30,154			30,154	30,415
	Church maintenance					9,801	9,801	9,635
	Telephone, light and heat Printing and stationery					9,214 3,194	9,214 3,194	14,548 8,'033
	insurance					6,301	6,301	6,112
	IT Support					3,489	3,489	2,586
	Bank charges					580	580	285
	Professional fees					14,013	14,013	6,090
	Investment property refurbishment					3,439	3,439	127,315
	Investment property utilities					3,617	3,617	6,318
	Advertising							350
	Governance costs - Audit fees					3,480	3,480	3,432
	Depreciation of church building					67,894	67,894	67,894
	Depreciation ofequipment					4,343	4,343	2,872
			571,210	630,154		6191,861	5293,225	9432,530
6.	ANALYSIS OF COMPARATIVE	DIRECT		Direct		Grant	Support	Total
	AND SUPPORT COSTS BYACTIVITY			costs		funding	Costs	2020
	Church activities		F80,548		630,415		F321,567	F432,530
7.	ANALYSIS OF GRANTS		Donations		Donations
				to		to	Total	Total
			institutions		individuals		2021	2020
	Church activities		F29,000			F1,154		530,415
	Recipients ofdonations to institutions						2021	2020
	Hawthorne Trust Limited						10,000	10,000
	The Aid Fund						1,000	1,000
	Glass Door Homeless Charity						2,000	1,000
	TMC Emergency Rehef						1,000	1,000
	Easter Camp Donation						1,000	1,000
	Sunrise ofAfrica						1,000	1,000
	Mountlands Trust Limited						4,000	4,000
	Whitehaven Trust Umited						4,000	4,000
	Joint CS Reading Room						1,000	1,000
	Bow Housing Society							1,714
	Focus Donation						1,000	1,000
	Visiting Nurse Service London						3,000	3,000
								F29,714

STAFF	COSTS		2021 E'	2020f
Salaries	and Wages		92,286	103,812
Social Security Costs			2,632	2,850
Pension	Costs		1,238	1,484
				E108,146
The average number		ofemployees,	2021	2020
analysed	by function	was:	Number	Number*
Church	Services		2	2
Reading	Room		2	2
Church	Building		1	1
Management and Administration			2	2
			7	7

Total remuneration received by key ma	nagement amounted	tofNil (2020:f	Nil ).
TANGIBLE FIXEDASSETS	Freehold
	Property		Office
	Church	Property	Furniture 8,
	Building	Improvements	Equipment	Total
		E.	E	E
Cost or Valuation
Balance at 1 October2020	1,200,000	978,323	99,122	2,277,445
Additions in the year			8,529	8,529
Balance at 30September 2021	1,200,000	978,323	107,651	2,285,974
~D ~t
Balance at 1 October 2020		836,699	92,618	929,317
Charge for the Year		67,893	4,343	72,236
Balance at 30September 2021		904,592	96,961	1,001,553
Net Book Value at
30September 2021	E1,200,000	f73,731	E10,690	E1,284,421
Net Book Value at
30September 2020	f1,200,000	f141,624	E6,504	f1,348,128

NOTES TO THE FINANCIAL STATEMEN FOR THE YEAR ENDED 30SEPTEMBER (Continued)	TS 2021
INVESTMENT PROPERTIES	2021	2020
Market Value at 30September 2021 and 30September 2020	F5,100,000	54,533,000
Ana sis of Investment Pro erties	6
6Wrights Lane	3,625,000	3,000,000
51 Ivema Gardens	100,000	173,000
156/156A Fulham Road	1,375,000	1,360,000
	55,100,000	54,533,000


11.DEBTORS			2021	2020
Accrued Income			630,426	523,560
12.WAVERTON INVESTMENT PORTFOLIO			Listed Investments
			2021	2020
			E	F
Market Value at	1 October 2020		4,215,526	4,082,699
Charity Property	Fund at 1 October 2020		123,757	130,859
			4,339,283	4,213,558
Additions at cost			1,019,363	999,277
Disposals at market value			(840,692)	(1,082,910)
Unrealised gain on marketable		securities	545,842	209,358
Market Value at	30September	2021	f5,063,796	F4,339,283

	FOR THE YEAR ENDED 30SEPTEM (Continued)	BER 2021
13.CREDITORS. Amounts	falling due within one year	2021	2020
Accruals		24,770	26,933
Other creditors		6,719	6,220
		f31,489	f33,153


.UNRESTRICTED FUNDS					Fixed
		General	Youth	Building	Assets
		Reserves	Fund	Fund	Fund	Total
		E	E			E
Balance at 1 October 2020		1,875,914	16,747	2,703,640	5,881,128	10,477,429
Surplus for the Year		1,199,164				1,199,164
Transfers between Funds		(503,293)			503,293
Balance at 30September	2021	E2,571,785	E16,747	f2,703,640	f6,384,421	f11,676,593
					Fixed
		General	Youth	Building	Assets
		Reserves E	Fund E	Fund E	Fund E	Totalf
Balance at 1 October 2019		1,813,339	16,747	2,703,640	5,948,713	10,482,439
Deficit for the Year Transfers between Funds		(5,010) 67,585			(67,585)	(5,010)
Balance at 30September	2020	1,875,914	16,747	2,703,640	5,881,128	10,477,429

Transfers between funds represent	the movements	on fixed	assets.
15.ANALYSIS OF I4ETASSETS				Fixed
BETWEEN FUNDS	General	Youth	Building	Assets
	Reserves	Fund	Fund	Fund	Total
2021		E	E	f.	f.
Fixed Assets				6,384,421	6,384,421
Marketable Securities	2,360,156		2,703,640		5,063,796
Other Net Current Assets	211,629	16,747			228,376
Balance at 30September 2021	E2,571,785	f16,747	f2,703,640	f6,384,421	f.11,676,593

mparative	information for the analy	sis ofnet assets	between f	unds in the pre	vious year is a	s follows:
					Fixed
		General	Youth	Building	Assets
2020		Reserves F	Fund	Fundf	Fund f	Total f
Fixed Assets					5,881,128	5,881,128
Marketable	Securities	1,635,643		2,703,640	-	4,339,283
Other Net	Current Assets	240,271	16,747			257,018
Balance at	30September 2020	f1,875,914	f16,747	f2,703,640	f5,881,128	f10,477,429