| Trustees' and directors' report |
|
|---|---|
| Independent auditor's report |
|
| Statement offinancial activities | |
| Income and expenditure account |
15 |
| Balance sheet | |
| Notes to the financial statements | 12 -23 |
| Council members | Council members | The Revd N TAtkinson |
|
|---|---|---|---|
| The Revd Dr M E Burkill | |||
| The Revd Dr A V Cinnamond | (until 1"September 2021) | ||
| The Revd PTDarlington The Revd M E Davy (from 1"September 2021) |
|||
| The Revd Mr J Eggertsen The Revd RW Parr (until 1"September 2021) The Revd M Hayden (from 1"September 2021) |
|||
| The Revd DrJ Hughes | |||
| Mrs R C Hunt | |||
| The Revd CR H Kilgour Mr N Lobo (until 30e March |
2021) | ||
| The Revd Dr RS Munro | |||
| Mrs A Robbie | |||
| The Revd APJTowner (Chairman) | |||
| The Revd DrJ D Ward | |||
| The Revd R A RWeekes (until 30e March 2021) | |||
| The Revd DrTWoolford | |||
| Director | The Revd Dr Lee Gatiss | ||
| Charity number | 249574 | ||
| Company | number | 213142 | |
| Registered | office | Hille Business Estate | |
| 132StAlbans Road | |||
| Watford | |||
| WD24 4AE | |||
| Auditors | Jacob Cavenagh &Skeet |
||
| 5 Robin Hood Lane | |||
| Sutton | |||
| Surrey | |||
| SM1 2SW | |||
| Principal address | Hille Business Estate | ||
| 132StAlbans Road | |||
| Wafford | |||
| WD24 4AE |
| Bankers | The Royal Bank ofScotland | pic |
|---|---|---|
| London Fleet Street Branch | ||
| 1 Fleet Street | ||
| London | ||
| EC4Y 1BD | ||
| Barctays Bank pic | ||
| 62/64 High Street | ||
| Watford | ||
| WD17 2BT | ||
| Solicitors | Monro Wright &Wasbrough |
LLP |
| 7-8Great James Street | ||
| London | ||
| WC1N 3DF |
| 2021 | 2820 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Inoonnl | 190,473 | 120,027 | ||||
| Gains/(losses) on Investmants |
170,380 | 304,167 | ||||
| Interest snd Investment Insane |
110,559 | 112,515 | ||||
| Gross lnoome In the | repolgng | period | 471,392 | 538,709 | ||
| Expenditure | 289,978 | 283,520 | ||||
| Deplsolagon | 870 | 1,060 | ||||
| Tidal mlpolldturo In |
tho raporthlg | palled | 270,648 | 284,580 | ||
| Nst Inuono for the year | 200,744 | 272,129 | ||||
| Statement of | Comprehensive | income | ||||
| Forthe year ended | 31 December 2021 | |||||
| Net Inuonvr for the year | 200,744 | 272,129 | ||||
| Olhor oonlprahsnalvo | Irmmns | |||||
| Revaluation of tsnglhle |
fixed assets | 43,462 | 85,193 | |||
| Total comprehensive | Insonm for gm year | 244,208 | 337,322 |
| 202f | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2 | 5 | |||||||
| Fined assets | ||||||||
| Tangible assets | 748,102 | 703,889 | ||||||
| Investmenls | 2,855,673 | 2,685,315 | ||||||
| 3,603,775 | 3,369,004 | |||||||
| Cistern assam | ||||||||
| Stocks | 10 | 10,418 | 9,132 | |||||
| Debtors | 11 | 22,493 | 13,381 | |||||
| Cash st bank snd in | hand | 358,311 | 352,749 | |||||
| 391,222 | 375,262 | |||||||
| Cret6turs: | ammuas | faglng dtm wlddn | ||||||
| tum yem | ||||||||
| Net current | assets | 355,984 | 337,458 | |||||
| Total assets lees cmrent llablllges | 3,959,739 | 3,728,482 | ||||||
| Crsr9tarst | smmnds | falling due SRer | ||||||
| more gmn | mm year | 13 | (412,841) | (421,570) | ||||
| Provlslan | far gablgtles | 18 | {2,000) | (4,000) | ||||
| Fends | ||||||||
| Erdcwmsm | funds | 14 | 1,949,702 | 1,627,394 | ||||
| Restdctad | funds | '15 | 1,181,935 | 1,135,307 | ||||
| Ulusslrlcted | funds | 433,481 | 338,191 |
| Irwesbnsnt In |
come | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Invesbnent pmpsrgss |
78,448 | 81,180 | ||||
| Common investment Cash deposits |
funds | 32,095 ~1 |
31415 12Q |
|||
| 112 1 |
||||||
| Grants Paid | ||||||
| Amalgamated | Ordlnagon | and Training | Fund | |||
| Scholarships | 1,500 | 5.000 | ||||
| Book grants | 4fl7 | |||||
| 1,997 | 5,500 | |||||
| NNaldstons St |
Faith | Parish | Room | |||
| Contrfbugon to |
StFahh's, Maldstone | |||||
| Paddock Wood Parochial | Hall Trust | |||||
| Contrlbugon to |
Paddock Wood Church | ~24 |
| Opefstlllg leases | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 5 | |||||||||
| The charity ls committed to |
Ihe | following | payments | under operaBng leases: | |||||
| Not later than one year | 14,170 | 14,170 | |||||||
| Later than one year and not later than | Bve yearn | 4991 | 18791 | ||||||
| 19161 | 32961 | ||||||||
| Lease payments charged to expenditure |
in the year | 16020 | 14897 | ||||||
| Charaable acthrlaes |
Staffcosts Deprecfsgon | Other costs | Total | Tofaf | |||||
| 2021 | 2020 | ||||||||
| 5 | 5 | ||||||||
| Grant funding ofadlvlges | 27,826 | 27,826 | 30,086 | ||||||
| AdlvlBes undertaken directly Support costs |
71,374 32718 |
670 | 104,958 | 177,002 32718 |
171N390 42302 |
||||
| 104092 | 670 | 132784 | 237 6 |
243778 | |||||
| Other costs -Activities undertaken | directly | 2021 | 2020 | ||||||
| Establishment end pmperty Publlcalons |
30268 20,939 |
31,368 24,371 |
|||||||
| Meetings and conferences Other stafFcosts |
9,707 38~57 |
3,750 37,408 |
|||||||
| Miscsganeous | 5 7 |
4 79 | |||||||
| 104958 | 101176 | ||||||||
| Other costs -Support costs | 2021 5 |
2020 5 |
|||||||
| Pmfesslonal and management Mee5ngs end conferences |
fees | 5,422 426 |
3,884 2,188 |
||||||
| Governance Costs |
|||||||||
| Auditors' rsmunemBon |
-audit services | 4,770 | 4,792 | ||||||
| Trustee Travel Expenses | 947 | ||||||||
| 11 55 | 10 | ||||||||
| 2021 | 2020 | ||||||||
| 6 | |||||||||
| Wages and salaries Sode Isecurity costs Pension costs (see note 18) |
89,484 3,149 9 |
86,566 3,094 10'952 |
|||||||
| 104092 | 100812 |
| Listed investments am Inveslmsnts placed wNh RuN'er LLPsnd COLA Investmen |
t Management UmNsd. |
||
|---|---|---|---|
| 10 | Btocke | 2021 f |
2020 f |
| Pubgcatlons for resale |
10 18 | 9132 | |
| 11 | Debtors | 2021 f |
2020 f |
| Prepaymenls | B,SSS | 6281 | |
| Other debtom | 13 25 | 5100 | |
| 22493 | 13381 | ||
| 12 | Credkors: amounts faing due wlNn one year | 2021 f |
2020 f |
| Tmde cmdNors | 9,582 | 4885 | |
| Defensd Income | 4,076 | 5,043 | |
| Accruals | 12,033 | 20,024 | |
| Morlgage NabNlty |
9567 | 8 72 |
|
| 35 58 | 37804 | ||
| 13 | CredNorst amounts faSng drm after mors than one year Morlgege NsbNlty Due within 1-2 years Due wisdn 2-5years |
2021 f 9,877 31,763 |
2020 f 8,839 28,831 |
| Due In more than 5years | 371001 | 383900 | |
| 412641 | 421 570 |
| 14 | Wwmnold | on ndawnlont |
on ndawnlont |
on ndawnlont |
hwde | Mrwnmd | In hw& | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sslwwe 1 January 202f |
0 | an mvsluedlw | Balance 31 Dsmmlber 2921 |
|||||||||||
| 2 | 2 | 2 | 2 | 6 | ||||||||||
| Pwnlonmd | ondamnwd | fulnh | ||||||||||||
| EA Beynon Fund | 175,138 | 2,7IO | 177,908 | |||||||||||
| Stmhlnpton | Convalescent | Benehl | Fund | 70.812 | 9,835 | N,247 | ||||||||
| Sdghton Emrwnuel |
312,772 | 5,310 | 318,082 | |||||||||||
| Dean Wacs Memorial | 933,816 | 1.027,370 | ||||||||||||
| Gkwcasler | Msrlnws Church |
1,000 | 1,000 | |||||||||||
| tmwentdo | Spa, Chdslchumh | 7,427 | 75.483 | |||||||||||
| Msldstans, | St Fskh Parish | Room | 208,891 | 3397 | 212,2N | |||||||||
| Old HB Hag | 1,000 | 1,000 | ||||||||||||
| Whkhelnatow. Penrhyn |
Hsg | Trust | 1,000 | 1.000 | ||||||||||
| 1.894,378 | ||||||||||||||
| Estwndabl | ~ andawmem | hmds | ||||||||||||
| ghtbowna | Evengagcal | Chumh. | ||||||||||||
| Manchester | 1.000 | 1,000 | ||||||||||||
| aoueestsr | M deem thh | 1,000 | 1,000 | |||||||||||
| BtAndnwa, | Montsanat | 1,000 | 1,000 | |||||||||||
| Dgssst&d | Chephdncy | 2,643 | 215 | 2,758 | ||||||||||
| Gloucester | Marlnms Residence |
|||||||||||||
| Pwklock Wood Pmochlal | Chumh | Hep | ||||||||||||
| lhwt | ||||||||||||||
| Vdpan Rscnmtlan Gmund |
1.000 | |||||||||||||
| 215 | ||||||||||||||
| 1.827.394 | 122.308 | 1,949,702 | ||||||||||||
| Sslmme 1 | Balance 31 | |||||||||||||
| January Ngg | apwmgtwe | an mvshw | dan | ~ssnlber | 2P29 | |||||||||
| 2 | 8 | 2 | 2 | 6 | ||||||||||
| Permmwld | endawmmd | funds | ||||||||||||
| EA Bsynon Fund | 148,204 | 28,934 | 176,138 | |||||||||||
| Nchlnglan | Oonvalmcant | Bsnefk | Fund | 85,862 | 4.980 | 70,812 | ||||||||
| Bdphlon Emnsnual | 258,581 | 54,191 | 312,772 | |||||||||||
| Dean Wacs | Msnwrlal | 847,798 | 933.818 | |||||||||||
| Gtoucastar | Mariners Church |
1,000 | 1,000 | |||||||||||
| eamkrptan | SPO, Chrlslahurah | 7,324 | ||||||||||||
| Maids lone, | th Febh Pmlsh | Ream | 176,308 | 33,585 | 208.N1 | |||||||||
| OM ISIHeg | 1,000 | 1.000 | ||||||||||||
| Wakhwmtow. Pmrhyn |
Hag | Trust | 1,000 | 1,000 | ||||||||||
| 1,5N,271 | 213,014 | 1,772,286 | ||||||||||||
| Entwndsble | sndawmem | hmds | ||||||||||||
| ghtbawne | Evangattcat | Chwah. | ||||||||||||
| Msrmhester | 1,000 | 1,000 | ||||||||||||
| Glouaester | Msrlnem Hsg |
1,000 | 1,000 | |||||||||||
| Sl Andrews, | hkwtslmat | 1,000 | 1,000 | |||||||||||
| Dgsseldmf | Chaplaincy | 2,251 | 2,543 | |||||||||||
| Gloucester | hknlners Rmldarma |
|||||||||||||
| Paddock Wood Panwhlal | Church | Hell | ||||||||||||
| Trust | ||||||||||||||
| Wigan Racmaldn Gmund |
1.000 | |||||||||||||
| 54,817 | ||||||||||||||
| 1,814,088 | 213,308 | 1,827.394 |
| 15 | Movement on Restricted |
funds | funds | funds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Movement | In functs | ||||||||||||||
| Balance I Jancwry 2021 f |
TrsfmAlra | Galas/Ecusss) cm revefusgan E |
Balance sf December 2021 E |
||||||||||||
| Amslg. Ord. Snd Training | Fund | BBT,918 | 47,743 | (12,462) | (35,280) | 32,486 | 920,405 | ||||||||
| Blrchinglan Convalescent |
Fund | 1,638 | 1,952 | (1,D31) | 2,559 | ||||||||||
| Brighton Emnsnuel Trust |
17,111 | 12,651 | (3,978) | (8,588) | 17,196 | ||||||||||
| Dgsseldorf | 515 | 66 | (35) | 546 | |||||||||||
| Gloucesler, Mariners Hall |
228 | 228 | |||||||||||||
| Gtafmester Mariners Residence |
Fund | (130) | (130) | ||||||||||||
| Lesnsngtan Spe, Christchurch |
Fund | 2,813 | 1,901 | (1,049) | 3,665 | ||||||||||
| Maldslone, Sl Faith Perish |
Room | Fund | 8,167 | 8,663 | (2,538) | (6,522) | 7,490 | ||||||||
| Paddock Wood Pmochlal | Church | Hall Trust | |||||||||||||
| Alfld | 176,898 | 2,509 | (25,639) | (1,610) | 14,680 | 16S,838 | |||||||||
| Ryde Ecclesiastical Charity |
26,739 | 183 | (106) | 1,170 | 27,986 | ||||||||||
| Waghmnstaw, Penrhyn Hell Trust |
fund | 7,916 | 196 | (114) | 982 | B,M2 | |||||||||
| Washamslow, Sl John Fund |
5,472 | 135 | 78) | 661 | 6.190 | ||||||||||
| 1,135,307 | ~4,817 | 54,713 | ~9.959 | 1,181,935 | |||||||||||
| Movement | In Iuncb | ||||||||||||||
| Science I January 2020 |
Imnvne | Enpensf | reve | TrecuAlrs | Gfdnsfflcsses) on revsfuetlan |
Balance 31 December 2020 |
|||||||||
| E | E | E | |||||||||||||
| Amslg. Ord, end Training |
Fund | 791,558 | 51,051 | (1S,TSS) | (2T,159) | 687,918 | |||||||||
| Blrchlnglan Convalescent |
Fund | 194 | 1,885 | (441) | 1,638 | ||||||||||
| Bdghton Emmanuel Trust |
13,728 | 13,786 | (4,171) | (6,232) | 17,111 | ||||||||||
| 00sseldorf | 446 | 69 | 515 | ||||||||||||
| Gtoucester, Mariners Hsg |
228 | 228 | |||||||||||||
| Glouaester Mariners Residence |
Fund | (130) | 21 | (21) | (130) | ||||||||||
| Leemlngton Spa, Christchurch |
Furd | 1,270 | 1,939 | (396) | 2,813 | ||||||||||
| Msldstone, Sl Faith Perish | Room | Fund | 6,908 | 9,107 | (2,637) | (5,191) | 8, 187 | ||||||||
| Paddack Waad Pamchlal | Chumh | Hall Tmst | |||||||||||||
| Fund | 187,048 | 2,285 | (24,383) | (2,338) | 14,288 | 176,898 | |||||||||
| Ryde Eccteslastbst Charity |
25,531 | 175 | (13) | (93) | 1,139 | 26,739 | |||||||||
| Ntsshamsiow, Penrhyn Hall Trust |
fund | 7,380 | 196 | (Tg) | 421 | 7,918 | |||||||||
| Walthamstow, St John Fund |
5,D64 | 134 | 308 | 5.472 | |||||||||||
| 1.039,243 | 46.981 | 41,963 | 104,380 | 1,135,307 | |||||||||||
| 16 | Netmmmhddby~ | ||||||||||||||
| Balance 31December 2021 | Unrese Ichnf Ibnclsf |
Restricled funds E |
EmAavm ant funds E |
Total fends | |||||||||||
| Tangible fhed assets | 408,317 | 339,785 | 748,102 | ||||||||||||
| Axed asset Invsstfnslds | I50,748 | 1,083,587 | 1,582,338 | 2,855,673 | |||||||||||
| Net currant assets | 250,037 | 78,348 | 27,579 | 355,964 | |||||||||||
| Long Term Llebgltles | (412,641) | (412,641) | |||||||||||||
| Pmvlslon for gebgAles |
(2.000 | 2 000 | |||||||||||||
| 433,481 | \,181,935 | I,IM9,702 | 3,545,098 | ||||||||||||
| Unrssbfcted | Restrlated | Endowment | |||||||||||||
| Defence 31December 2020 | Amds | Amcb | fimds | ||||||||||||
| E | f | E | |||||||||||||
| Tangible fixed assets |
383,480 | 320,209 | 703,689 | ||||||||||||
| Axed asset lflveslfmflts | 172,080 | 1,033,828 | 1,479,60T | 2,685,315 | |||||||||||
| Nat cunanl assets | 208,201 | 101,679 | 27,578 | 33T,458 | |||||||||||
| Long Term Lbbgitles | (421,570) | (421,570) | |||||||||||||
| Provision for gabgSles |
4,000) | 4,000 | |||||||||||||
| 338,191 | 1,135,307 | 1,827,394 | 3.300,892 |
| %ofpensionable | stlpends | January 2018to | January 2021to |
|---|---|---|---|
| December 2020 | December 2022 | ||
| Defictt repair contributions | 11.9'Yo | 7.1'Yo |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Balance sheet fiabwty at | 1 January | 4,000 | |||
| Defictt contribution paid |
(2,000) | (3,000) | |||
| Interest cost (recognised | in SoFA) | 0 | 0 | ||
| Remaining change to the |
balance sheet liabfiity | (recognised | in SoFA) | 0 | 1,000 |
| Balance sheet liability at | 31 December | 2,000 | 4,000 |
| December 2021 | December 2020 | December 2019 | ||
|---|---|---|---|---|
| Discount rate Price Infiatlon Increase to total pensionable |
paymfi | 0.0% n/a |
0.2'yo 3.1% 1.6% |
1.1%pe 2.8%pa 1.3%pa |