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2021-03-31-accounts

Contents Pages
Reference and Administrative
Information
Trustees'
Report		 2-5
Independent
Examiner's
Report
Statement
of Financial Activities
Balance Sheet
Statement
ofCash Flows
Notes to the Financial Statements 10-16

2021 2020
Total Total
Notes Restricted Unrestricted
E		 funds fundsf
Income and endowments from:
Investments 2 54,336 54,336 53,761
Charitable
activities		 3 4,000 3,111 7,111 10,124
Total 4,000 57,447 61,447 63,885
Expenditure
on:
Raising funds —investment management fees 1,649 1,649 1,619
Charitable
activities
Activities
in relation		 to the church
and parsonage 4a) 10,029 37,288 47,317 44,780
Total 10,029 38,937 48,966 46,399
Net income/(expenditure) (6,029) 18,510 12,481 17,486
(6,029) 18,510 12,481 17,486
Other recognised (losses)/gains:
Net gain
/ (loss) on		 investments 227,758 227,758 (133,485)
Net movement
in		 funds (6,029) 246,268 240,239 (115,999)
Fund balances brought forward 19,656 1,335,074 1,354,730 1,470,729
Fund balances carried forward 13,627 1,581,342 1,594,969 1,354,730

Notes 2021 2020
6
Fixed assets
Tangible assets 38,359 38,359
Investments 1,443,937 1,204,678
1,482,296 1,243,037
Current assets
Debtors 17,682 20,391
Cash at bank and in hand 184,461 109,317
122,143 129,708
Creditors: amounts falling due
within one year (9,470) (18,015)
Net current assets 112,673 111,693
Total assets less current liabilities 1,594,969 1,354,730
Net assets 1,594,969 1,354,730
Funds
Unrestricted
General 1,517,039 1,265,398
Designated 64,303 69,676
Total unrestricted funds 10 1,581,342 1,335,074
Restncted 13,627 19,655
12 1,594,969 1,354,730

Notes 2021 2020
6 6
Cash flows from operating activities:
Net cash used in operating activities (a) (47,691) (24,129)
Cash flows from investing activities:
Dividends
from investments		 54,336 53,761
Proceeds from sale ofinvestments 15,594 37,546
Purchase
of investments		 (27,095) (22,240)
Net cash provided
by investing
activities		 42,835 69,067
Change
in cash and cash		 equivalents in the reporting period (4,856) 44,938
Cash and cash equivalents at the beginning ofthe reporting period (b) 109,317 64,379
Cash and cash equivalents at the end of the reporting period (b) 104,461 109,317
(a) Reconciliation
of net income to net		 cash flows from operating activities
Net income forthe reporting
period		 240,239 (115,999)
Adjustments
for:
(Gains)
/ losses on investments		 (227,758) 133,485
Dividends
and interest from		 investments (54,336) (53,761)
Decrease
in debtors		 2„709 1,042
(Decrease)
/ increase
in creditors		 (8,545) 11,104
Net cash used in operating activities (47,691) (24,129)
(b) Analysis ofcash and cash equivalents
Cash
in hand		 104,461 109,317
Total cash and cash equivalents 104,461 109,317
(c) Analysis ofchanges
in		 net debt 1 April 2020 Cash flows
6		 Noncash
31		 March 2021
6
Cash and cash equivalents 109,317 (4,856) 104,461

2021
6		 2020f
Dividends and bank interest 54,336 53,761
54,336 53,761

2021 2020
F E
Parsonage Repair Fund service charge 4,000 4,000
Reimbursement ofcosts from the congregation charity
Insurance 3,039
Church
Major		 Repair Fund contribution 3,111 3,085
7,111 10,124

2021 2020
F
Insurance 6,078
Parsonage building 23,166 3,798
Donations to The Congregation at German Christ Church
London 15,111 27,085
Governance costs (see note 4b) 9,040 7,819
47,317 44,780

he year e
Governance		 nded 31 March 2021
costs
2021 2020f
Independent examination
Current year fee 3,750 3,720
Accountancy fees 750
Administration service charge 4,540 4,099
9,040 7,819

Freehold property property
Freehold properties comprise:
Church buildings, site and contents - at book value (Insurance value March 2021 1,322
on 14February 1950 68,t00,000)
Parsonage —at cost plus additions to date (Insurance value March 2021 37,037
51,125,000)
38,359

Investments
Market value 2021 2020f
At 1 April 2020 1,204,678 1,353,469
Additions at cost 27,095 22,240
Disposal proceeds (15,594) (37,546)
Net gain I(loss)on revaluation in the year 227,758 (133,485)
At 31 March 2021 1,443,937 1,204,678
Historical cost
At 31 March 2021 1,234,707 1,210,363

8. Debtors
2021f 2020f
Accrued income 17,682 20,391
17,682 20,391
9. Creditors: amounts falling due within one year
2021f 2020f
Administration service charge payable 4,540 4,099
Accruals 4,930 13,916
9,470 18,015
10. Unrestricted funds - 2021
At 1 April Income Expendi- Other At 31
2020 ture gains/ March
(losses) 2021f
General funds 1,265,398 54,336 (30,453) 227,758 1,517,039
Designated funds—
Major Repair Fund 69,676 3,111 (8,484) 64,303
Unrestricted funds 1,335,074 57,447 (38,937) 227,758 1,581,342
At 1 April Income Expendi- Other At 31
2019 ture (losses) I March 2020
transfers
General funds 1,451,275 56,800 (42,601) (200,076) 1,265,398
Designated funds— 3,085 66,591 69,676
Major Repair Fund
Unrestricted funds 1,451,275 59,885 (42,601) (133,485) 1,335,074

ill be utilised as ne
edecoration.		 cessary.
During the		 year, expenditur e
was mainly
i		 ncurred
on intern		 al
At 1 April
2020		 Income Expenditure At 31 March
2021
6 6 F
Parsonage
annual		 service charge 19,656 4,000 (10,029) 13,627
fund
Restricted funds - 2020 At 1 April Income Expenditure At 31 March
2019f f 2020
Parsonage
annual		 service charge 19,454 4,000 (3,798) 19,656
fund
nalysis of net assets between funds
Fund balances at 31 March 2021 General Designated Restricted Total
were represented by: Funds
6		 Fundsf Funds Funds
6
Tangible fixed assets
Investments
Current assets		 38,359
1,443,937
44,213		 64,303 13,627 38,359
1,443,937
122,143
Liabilities (9,470) (9,470)
1,517,039 64,303 13,627 1,594,969
Fund balances at 31 March 2020 General Designated Restricted Total
were represented by: Fundsf Funds Funds
E		 Funds
Tangible fixed assets
Investments		 38,359
1,204,678		 38,359
1,204,678
Current assets 40,376 69,676 19,656 129,708
Liabilities (18,015) (18,015)
1,265,398 69,676 19,656 1,354,730