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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|
##
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|||||Note|2021|2020|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Tangible
fixed assets||||9|1,284,421|1,348,128|
|Investment
properties||||10|5,100,000|4,533,000|
||||||6,384,421|5,881,128|
|Current Assets|||||||
|Reading
Room|Stock||||5,133|5,394|
|Debtors||||11|30,426|23,650|
|Waverton
Investment||Portfolio||12|5,063,796|4,339,283|
|Cash at bank and
in hand|||||224,306|261,127|
||||||5,323,661|4,629,454|
|Creditors: amounts||falling due|within one year|13|31,489|33,153|
|Net Current Assets|||||5,292,172|4,596,301|
|Net Assets||||15|f11,676,593|610,477,429|
|Funds|||||||
|Unrestricted|||||||
|- General||||14|2,571,785|1,875,914|
|- Designated|Fund|—Youth Fund||14|16,747|16,747|
|- Designated|Fund|—Fixed Asset Fund||14|6,384,421|5,881,128|
|- Designated|Fund|—Building|Fund|14|2,703,640|2,703,640|
|||||14|811,676,593|F10,477,429|
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||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|
##
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|8.|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|
|Analysis|of investment|of investment|gains/(losses)|2021|2020|
|---|---|---|---|---|---|
|||||6||
|Unrealised
Reaksed|gains on
gains/losses|revaluations
on disposal||545,842
41,110|209,958
(79,957)|
|||||5586,952|6129,401|
##
##
||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|
##