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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Report ofthe Independent
Auditors|4|to|7|
|Statement ofFinancial Activities||||
|Statement ofFinancial Position||||
|Statement ofCash Flows||10||
|Notes to the Statement ofCash Flows||||
|Notes to the Financial Statements|12|to|21|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||g||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies|||696,480|27,597|724,077|667,969|
|Charitable|activities|||||||
|Charitable|Activites|||||||
|||||29,467||29,467|28,817|
|Other trading
activities|||3|72,709||72,709|24,467|
|Investment|income||4|30,034||30034|29 124|
|Total||||828,690|27,597|856,287|750,377|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Charitable|Activites|||||||
|||||602,420|120,458|722,878|33,145|
|Russian Orthodox
Church in London||||||||
||||||||626,588|
|Diocese Expenses||||||||
|||||82,073||82,073|75,062|
|Other|||||24,245|24,245|33,211|
|Total||||684,493|144,703|829,196|768,006|
|NET INCOME/(EXPENDITURE)||||144,197|(117,106)|27,091|(17,629)|
|RECONCILIATION||OF FUNDS||||||
|Total funds|brought
forward|||1,070,074|5,443,745|6,513,819|6,531,448|
|TOTAL FUNDS CARRIED FORWARD||||1,214,271|5,326,639|6,540,910|6,513,8]9|
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|fimds|
|||||Notes|||f|f|
|FIXEDASSETS|||||||||
|Tangible assets||||11|747,927|5,287,502|6,035,429|6,155,735|
|CURRENT ASSETS|||||||||
|Stocks||||12|20,000||20,000|20,000|
|Debtors: amounts|faBing due within one year|||13|21,373||21,373|27377|
|Cash at bank|||||479,221|39,137|518,358|354,928|
||||||520,594|39,137|559,731|402,305|
|CREDITORS|||||||||
|Amounts
falling due within one year||||14|(54,250)||(54,250)|(44,221)|
|NET CURRENT|ASSETS||||466,344|39,137|505,481|358,084|
|TOTAL ASSETSLESSCURRENT|||||||||
|LIABILITIES|||||1,214,271|5,326,639|6,540,910|6,513,819|
|NETASSETS|||||1,214,271|5,326,639|6,540,910|6,513,819|
|FUNDS||||15|||||
|Unrestricted
funds:|||||||||
|General
fund|||||||1,214,271|1,070,074|
|Restricted funds:|||||||||
|New Benevolent|Fund||||||38,355|35,936|
|Cathedral
Refurbishment||and Maintenance|Fund||||3,837,473|3,923,195|
|Property
Fund|||||||1,450,81 1|1,484,614|
||||||||5,326,639|5,443,745|
|TOTALFUNDS|||||||6,540,910|6,513,819|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from|operating|activities||||
|Cash generated
fiom operations||||163,396|88,627|
|Net cash provided|by operating
activities|||163,396|88,627|
|Cash flows from|investing|activities||||
|Purchase oftangible fmed assets|||||(89,642)|
|Interest received||||34|124|
|Net cash provided|by/(used|in) investing|activities|34|(89,518)|
|Change in cash and cash equivalents|||in the|||
|reporting
period||||163,430|(891)|
|Cash and cash equivalents||at the beginning||||
|ofthe reporting|period|||354,928|355,819|
|Cash and cash equivalents||at the end|ofthe|||
|reporting
period||||518,358|354,928|
##
||RECONCILIATION|RECONCILIATION|OF|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|TO NET CASH|TO NET CASH|FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|
||ACTIVITIES|||||||||
|||||||||2021|2020|
||Net income/(expenditure)|||for the reporting|period (as per the|Statement||||
||ofFinancial Activities)|||||||27,091|(17,629)|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||120,305|121,037|
||Interest received|||||||(34)|(124)|
||Decrease/(increase)|in debtors||||||6,005|(23,714)|
||Increase in creditors|||||||10,029|9,057|
||Net cash provided|by|operations|||||163,396|88,627|
|2.|ANALYSIS OF CHANGES IN NET FUNDS|||||||||
|||||||At|1.1.21|Cash flow|At 31.12.21|
||||||||f|||
||Net cash|||||||||
||Cash at bank|||||354,928||163,430|518,358|
|||||||354,928||163,430|518,358|
||Total|||||354,928||163,430|518,358|
##
##
|Freehold property|2%on cost|
|---|---|
|Long leasehold|Over the term ofthe lease|
|lmproveinents
to property|2%on cost|
|Fixtures and fittings|20%on cost|
|Motor vehicles|25%on cost|
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|2.|DONATIONS|AND LE|GACIES|||
|---|---|---|---|---|---|
|||||2021|2020|
||Collections|||364,918|198,251|
||Donations
(candles, altar||bread and food)|176,074|146,490|
||Grants|||144,081|206,761|
||Refurbishment|costs||934|74,240|
||Donations for|special services||38,070|42,227|
|||||724,077|667,969|
||Grants received, included||in the above, are as follows:|||
|||||2021|2020|
||Other grants|||144,081|206,761|
|3.|OTHER TRADING ACTIVITIES|||||
|||||2021|2020|
||Shop income|||72,709|24,467|
|4.|INVESTMENT INCOME|||||
|||||2021|2020|
||||||f.|
||Rents received|||30,000|29,000|
||Deposit account interest|||34|124|
|||||30,034|29,124|
|5.|INCOME|INCOME|FROM CHARITABLE ACTIVITIES|FROM CHARITABLE ACTIVITIES|FROM CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||Activity|||||
|||||Charitable|Activites||||
||Nursery|school|||||||
||||||||29,467|28,817|
|6.|CHARITABLE ACTIVITIES|||COSTS|||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 7)|Totals|
||||||||8|6|
||Charitable||Activites||||||
|||||||535,607|187,271|722,878|
||Diocese|Expenses|||||||
|||||||82,073||82,073|
|||||||617,680|187,271|804,951|
|tof82,073 this|is made up ofthe fo|llowing expenses:||
|---|---|---|---|
|||2021|2020|
|Deanery support||9,250|9,500|
|Diocesan salary||52,823|52,448|
|Travel||||
|Adtnin||||
|Sourozh magazine|||3,114|
|Miscellaneous|grant|20,000|10,000|
|||82,073|75,062|
##
|||Governance||
|---|---|---|---|
|Management|Finance|costs|Totals|
|8||f,||
|155,934|8,134|23,203|187,271|
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|STAFF C|OS|TS||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||f,|8|
|Wages and|salaries|||||237,872|245,331|
|Social security||costs||||26,265|23,422|
|||||||264,137|268,753|
|The average monthly|||number ofemployees||during the year was as follows:|||
|||||||2021|2020|
|Staff||||||17|18|
|No employees||received emohunents||in excess of$60,000.||||
|COMPARATIVES|||FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
|INCOME|AND ENDOWMENTS|||FROM||||
|Donations|and|legacies|||564,339|103,630|667,969|
|Charitable|activities|||||||
|Charitable|Activites|||||||
||||||28,817||28,817|
|Other trading||activities|||24,467||24,467|
|Investment|income||||29,124||29,124|
|Total|||||646,747|103,630|750,377|
##
|10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||EXPENDITURE|ON||||
||Charitable
activities|||||
||Charitable
Activites|||||
||||33,145||33,145|
||Russian Orthodox|Church in London||||
||||505,551|121,037|626,588|
||Diocese Expenses|||||
||||75,062||75,062|
||Other||5,075|28,136|33,211|
||Total||618,833|149,173|768,006|
||NET INCOME/(EXPENDITURE)||27,914|(45,543)|(17,629)|
||Transfers
between|funds|(15,339)|15,339||
||Net movement
in|funds|12,575|(30,204)|(17,629)|
||RECONCILIATION
OF FUNDS|||||
||Total funds brought|forward|1,057,499|5,473,949|6,531,448|
||TOTAL FUNDS CARRIED FORWARD||1,070,074|5,443,745|6,513,819|
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||||Improvements|
||Freehold|Long|to|
||property|leasehold|property|
|||g||
|COST||||
|At I January 2021 and 31 December 2021|2,429,492|130,162|8,269,266|
|DEPRECIATION||||
|At I January 2021|337,192|28,636|4,321,998|
|Charge for year|29,154|1,720|86,503|
|At 31December 2021|366,346|30,356|4,408,501|
|NET BOOK VALUE||||
|At 31December 2021|2,063,146|99,806|3,860,765|
|At 31December 2020|2,092,300|101,526|3,947,268|
||Fixtures|||
||and|Motor||
||fittings|vehicles|Totals|
|COST||||
|At 1 January 2021 and 31December 2021|122,786|36,267|10,987,973|
|DEPRECIATION||||
|At I January 2021|108,145|36,267|4,832,238|
|Charge for year|2,929||120,306|
|At 31December 2021|111,074|36,267|4,952,544|
|NET BOOK VALUE||||
|At 31December 2021|11,712||6,035,429|
|At 31December 2020|14,641||6,155,735|
##
|12.|STOCKS||||
|---|---|---|---|---|
||||2021|2020|
||Stocks||20,000|20,000|
|13.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2021|2020|
||Other debtors||14,914|18,300|
||Prepayments
and accrued|income|6,459|9,077|
||||21,373|27,377|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||||6||
||Trade creditors||5,777|5,941|
||Social security and other|taxes|18,187|8,143|
||Other creditors||1,426|1,197|
||Russian Diocese ofSourozh||11,540|11,540|
||Accrued expenses||17,320|17,400|
||||54,250|44,221|
|15.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1.1.21|in funds|31.12.21|
|||6|||
||Unrestricted
funds||||
||General
fund|1,070,074|144,197|1,214,271|
||Restricted
funds||||
||New Benevolent Fund|35,936|2,419|38,355|
||Cathedral
Refurbishment|and Maintenance|||
||Fund|3,923,195|(85,722)|3,837,473|
||Property
Fund|1,484,614|(33,803)|1,450,811|
|||5,443,745|(117,106)|5,326,639|
||TOTAL FUNDS|6,513,819|27,091|6,540,910|
##
##
|Net movement
in|funds,|includ|ed
in the above a|re as follows:||||
|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|Unrestricted
funds||||||||
|General fund|||||828,690|(684,493)|144,197|
|Restricted
funds||||||||
|New Benevolent|Fund||||26,664|(24,245)|2,419|
|Cathedral
Refurbishment||and|Maintenance|||||
|Fund|||||934|(86,656)|(85,722)|
|Property Fund|||||(1)|(33,802)|(33,803)|
||||||27,597|(144,703)|(117,106)|
|TOTAL FUNDS|||||856,287|(829,196)|27,091|
|Comparatives
for movement|||in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.20|in funds|funds|31.12.20|
|||||8|f.|||
|Unrestricted
funds||||||||
|General fund||||1,057,499|27,914|(15,339)|1,070,074|
|Restricted funds||||||||
|New Benevolent|Fund|||34,745|1,191||35,936|
|Cathedral
Refurbishment||and|Maintenance|||||
|Fund||||3,920,056|(12,200)|15,339|3,923,195|
|Property Fund||||1,519,148|(34,534)||1,484,614|
|||||5,473,949|(45,543)|15,339|5,443,745|
|TOTAL FUNDS||||6,531,448|(17,629)||6,513,819|
##
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##
|Comparative
net moveme|nt
in funds, included
in the abo|ve are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted
funds
General fund||646,747|(618,833)|27,914|
|Restricted funds
New Benevolent
Fund||29,327|(28,136)|1,191|
|Cathedral
Refurbishment
Fund
Property Fund|and Maintenance|74,303|(86,503)
(34,534)|(12,200)
(34,534)|
|||103,630|(149,173)|(45,543)|
|TOTAL FUNDS||750,377|(768,006)|(17,629)|
|A current year 12months|and prior year 12mon|ths combined positi|on is as follows;|||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.20|in funds|fundsf|31.12.21|
|Unrestricted
funds
General fund||1,057,499|172,111|(15,339)|1,214,271|
|Restricted funds
New Benevolent
Fund||34,745|3,610||38,355|
|Cathedral
Refurbishment
Fund
Property Fund|and Maintenance|3,920,056
1,519,148|(97,922)
(68,337)|15,339|3,837,473
1,450,811|
|||5,473,949|(162,649)|15,339|5,326,639|
|TOTAL FUNDS||6531 448|9,462||6,540,910|
##
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##
|A current year 12months
follows:|and prior year 12 months
co|mbined
net movement
in fun|ds, included
in t|he above are|
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted
funds
General fund||1,475,437|(1,303,326)|172,111|
|Restricted funds
New Benevolent Fund||55,991|(52,381)|3,610|
|Cathedral
Refurbishment
Fund
Property Fund|and Maintenance|75,237
(1)|(173,159)
(68,336)|(97,922)
(68,337)|
|||131,227|(293,876)|(162,649)|
|TOTALFUNDS||1,606,664|(1,597,202)|9,462|
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