2020-12-31-accounts - The St Michaels And All Saints Charity

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		StMichael's and All Saints'	StMichael's and All Saints'	StMichael's and All Saints'	Charities
		Church		Branch
		(The St Michael's	and All Saints' Charity)
		Balance Sheet
		31stDecember 2020
		Note			2020f		2019
Fixed assets
Freehold and leasehold properties Fixtures, fittings and equipment					10,684,500		14,246,000
Investments					1,202,587		1,728,491
Current assets					11,887,087		15,974,491
Cash at bank Debtors and prepayments Charities deposit fund				73,664 221,620 760,225		249,522 74,635 385,225
Current liabilities			1,055,509			709,382
Sundry creditors				(220,065)		(155,878)
Net current assets					835,444		553,504
Non-current liabilities							(13,000)
Net assets				12,722,531			16,514,995
Financed by:
Unrestricted funds Designated funds Permanent endowment	funds	9/14 9/14 9/14			985,444 3,171,610 8,565,477		440,504 4,529,369 11,545,122
Total funds				12,722,531			16,514,995

		2020	2019
		E
(Decrease)/increase in funds (Increase)/decrease in debtors Increase/(decrease) in creditors Interest/dividends received Loss/(gain) on investments Investment management fees Revaluation loss on fixed assets		(3,792,464) (146,985) 51,188 (13,713) 220,563 5,341 3,561,500	243,901 7,556 25,552 (44,486) (228,528) 7,251
Net cash flow from operating	activities	(114,571)	11,246
Cash flow statement
Net cash flow from operating activities		(114,571)	11,246
Returns on investments and servicing offinance
Interest/dividends received Net proceeds from disposal of investments		13,713 300,000	44,486
Net cash flow after management	of liquid resources
and financing		199,142	55,732
(Decrease)/increase in cash		199,142	55,732
Movement in cash		199,142	55,732
Net cash at 1stJanuary		634,747	579,015
Net cash at 31st December		833,889	634,747


Freehold	and leasehold	properties
			1stJanuary	Revaluation	31stDecember
			2020	Adjustment	2020
Investment	property		14,246,000	(3,561,500)	10,684,500
Current year split by fund
			Designated	Endowment	Total
			Fund	Fund	2020
Investment	property		2,663,172	8,021,328	10,684,500
Prior year	split by fund
			Designated	Endowment	Total
			Fund	Fund	2019
				F
Investment	property		3,550,896	10,695,104	14,246,000

Fixtures, fittings and equipment
	Total
Cost
At 1stJanuary 2020 and at 31stDecember 2020	21,906
Depreciation
At 1stJanuary 2020 and at 31stDecember 2020	21,906
Net book value
At 31stDecember 2020 and at 31stDecember 2019

Investments
		Designated	Permanent
		Investments	Endowment	Total
			Fund
Market value at 1st January 2020 Disposals Net gains/(losses) on revaluation:		F 878,473 (300,000)	850,018	f 1,728,491 (300,000)
- realised - unrealised Management	fees	16,907 63,058	(2,409) (298,119) (5,341)	14,498 (235,061) (5,341)
Market value	at 31stDecember 2020	658,438	544,149	1,202,587


Investments held 1,099 21 3,043 475 16,500 26,000 19,250 2,180 5,200 3,500 45,000 145,800 11,425 32,525 1,500 49,833 300 8,000 COIF Income Shares COIF Accumulation Shares COIF Accumulation Shares Anglo American PLC Aviva Ord GBP0.25 Barclays PLC BTGroup Ord GBP0.05 Carnival pic Ord USD1.66 Easyjet Ord GBP0.25 Fidelity European Values 0.0001 International Consolidated Airline Lloyds Banking Group Ord GBP0.1 M&G PLC Natwest Group pic Prudential Ord GBP0.05 Roll Royce Group Ord GBP0.20 Schroders pic TUI AG Ord Cash	Designated f 20,102 4,467 633,869	Endowment 11,516 53,658 38,137 25,458 29,800 43,160 10,010 71,910 53,130 22,616 54,528 20,205 55,439 10,011 36,672 7,899	Total E 20,102 4,467 633,869 11,516 53,658 38,137 25,458 29,800 43,160 10,010 71,910 53,130 22,616 54,528 20,205 55,439 10,011 36,672 7,899
	658,438	544,149	1,202,587

Charitable grants for the year ended 31stDece	mber 2020
	2020 E	2019f
Centre urch) yable in future) Age UK Oxfordshire Agnes Smith Advice Centre Archway Foundation Aspire Asthma Relief in Oxford Asylum Welcome Autism Family Support Oxfordshire Banbury Community Church Banbury Young Homeless Project Barton Community Association Barton Community Church BeFree Young Carers Berinsfield Information and Volunteer BK Luwo Bookfeast Bridgewell Organic Gardens Carterton Education Trust Centre for Muslim-Christian Studies Cherwell Theatre Company Church ofthe Holy Family Citizens Advice Oxford Clean Slate Clear Sky Children's Foundation Clic Sargent Cowley Road Works Create Arts Adventure Creative Dementia Arts Network Crisis Oxfordshire Cruse Bereavement Care Limited Cutteslowe Community Foundation Daybreak Oxford Donning ton Doorstep Dorchester Abbey Dream Holidays Edge Housing (Oxford Community Ch Elmore Community Services *Emmaus Oxford (includes E6,000 pa Enrych Oxfordshire Exeter College ExVac Fam Jam Project Family Links Film Oxford Flexicare Footsteps Foundation Fusion Arts	2,000 7,000 7,000 1,500 5,750 3,000 2,185 1,500 3,000 500 3,000 3,000 12,000 2,000 3,000 2,000	5,000 3,000 16,000 10,000 3,860 10,000 4,896 3,000 2,000 2,000 3,000 3,000 4,782 3,573 2,000 1,000 2,000 16,940 2,700 6,075 3,000 2,000 1,000 4,000 6,000 6,000 5,200 2,000 1,580 8,000 10,000 9,000 2,000 3,000 5,000 2,300 4,000 2,000

Charitable grants (continued)
		2020f	2019f
Happy Days Children's Charity Helen & Douglas House HENRY Hinksey Sculling School Home-Start Banbury Home-Start Oxford IMPS Iraqi Women Art and War Project Jacari Joss Searchlight Katharine House Hospice KEEN Lake Street Community Playgroup LIFE Lifelites Lincoln College Vacation Project Maggie's Mulberry Bush School Music for Autism My Life Choice One-Eighty OSARCC *Oxford Association for the Blind (includes F20,000 payable Oxford Baby Bank Oxford and District Mencap Oxford Church's Debt Centre Oxford Hindu Temple and Community Project Oxford Hub Oxford Playhouse Oxford Schools Chaplaincy Oxford Sea Cadet Oxford Street Pastors Oxford Winter Night Shelter Oxfordshire Community Work Agency Oxfordshire Historic Churches Trust Oxfordshire Homeless Movement Oxfordshire Lowland Search and Rescue Oxfordshire Mind Oxfordshire Play Association Oxfordshire Youth OxPIP OXSRAD PBC Foundation	in future)	2,000 1,500 7,500 3,000 1,000 4,000 2,000 10,000 1,200 5,000 6,750 5,000 2,500 3,000 20,000 2,000 1,500 1,500	1,300 3,000 2,000 7,500 3,000 1,500 2,500 3,000 1,200 2,000 1,000 6,000 2,000 3,000 4,500 4,180 8,000 30,000 1,200 5,000 6,750 1,000 1,000 2,000 3,795 2,500 5,000 20,000 3,000 4,000 3,000 5,000 500
Pegasus Primary School Pegasus Theatre Police Community Clubs ofGB **Prison Phoenix Trust Progressive Supranuclear Palsy Association Quest for Learning RAW Workshop		(1,910) 4,956	3,000 3,750 3,000 2,865 500 4,896 10,000

Charitable grants (continued)
	2020	2019
Read Easy Oxfordshire Reducing the Risk of Domestic Abuse Refugee Resource Relate Oxfordshire Rose Hill Junior Youth Club Sail 4 Cancer Samaritans Oxford Seesaw SOFEA Soundabout South Oxford Adventure Playground St Luke's Church Students4Students Sunshine Centre Syrian Community in Oxford and Oxon Syrian Sisters Community Group Tall Ships Youth Trust Thames Valley Partnership The Gatehouse The Listening Centre The Parasol Project The Porch Steppin' Stone Centre Thomley Activity Centre Thrive West Memorial Methodist Church Wood Farm Parent and Toddler Group Yellow Submarine ***Young Dementia	5,000 5,000 8,000 2,784 5,000 3,000 3,000 2,390 3,000 2,000 6,600 1,500 2,760 15,000 4,902 5,000	1,500 5,000 5,000 8,000 2,000 5,000 3,000 3,000 5,000 8,000 2,500 2,280 3,000 5,000 2,500 2,340 10,000 10,000 10,000 4,540 3,000 4,153
	215,867	463,155

6	Debtors and prepayments
				2020	2019
	Under one year:				F
	Trade debtors net ofprovision Other debtors Amounts owed by St Michaels	for doubtful at the North	debts Gate	195,345 2,708	65,867 5,299
	with St Martin and All Saints Prepayments			12,032 11,535	3,469
				221,620	74,635
7	Sundry creditors
				2020	2019
	Amounts due in respect oftaxation and social security Grants payable within one year Trade creditors Accruals and deferred income Amounts owed to connected charities			2,373 15,100 1,510 164,440 36,641	2,808 40,241 28,027 51,312 33,490
				220,065	155,878
	Deferred income consists ofrent in advance:-
	Released from previous year			46,750	47,910
	Deferred in current year			152,284	46,750
8	Creditors: amounts falling due	after more	than one year
				2020f	2019
	Grants payable				13,000

Net asset a	nalysis		—2	020
					Freehold	Fixtures
					and	fittings		Net current	Non
					leasehold	and	investments	assets	current
					properties	equipment			liabilities	Total
Unrestricted								E	f
-General Unrestricted			"Free"Reserves				150,000	835,444	-	985,444
Designated
- Property Fund - Investments Fund					2,663,172		508,438			2,663,172 508,438
Endowment
-Permanent	Endowment			Funds	8,021,328		544,149			8,565,477
					10,684,500		1,202,587	835,444		12,722,531
Net asset analysis		-	2019		Freehold	Fixtures
					and	fittings		Net current	Non
					leasehold	and	Investments	assets	current
Unrestricted					properties f	equipment f			liabilities E	Total
-General Unrestricted			"Free"Reserves					453,504	(13,000)	440,504
Designated
- Property Fund - Investments Fund -Organ Fund					3,550,896		728,473 150,000	100,000		3,550,896 728,473 250,000
Endowment
-Permanent	Endowment			Funds	10,695,104		850,018			11,545,122
					14,246,000		1,728,491	553,504	(13,000)	16,514,995

Staff Costs
	2020	2019
	F
Gross wages Employers National Insurance Employment allowance	35,660 2,554 (1,841)	35,660 2,237 (2,237)
	36,373	35,660

The charity allocates it consistent with the use	s support costs as sho ofresources.	wn in the table below. Supp	ort costs are	allocated o	n a basis
		Cost of	Charitable	2020	2019
		generating funds	activities	Total	Total
		F	F		F
Support costs
Staff costs Professional indemnity	insurance	18,186 368	18,186 368	36,372 736	35,660 818
Insurance General office expenses Audit fee Legal and professional Irrecoverable VAT	and repairs fees	432 4,078 4,485 512	432 4,078 4,485 512	864 8,156 8,970 1,024	1,031 6,240 8,485 2,102
Total		28,061	28,061	57,122	54,336

					Opening Balance	Income	Expenditure	Transfer	Gains I Losses	Closing Balance
						F
Unrestricted
- General Unrestricted		"Free"Reserves			440,504	472,066	(477,126)	550,000	-	985,444
Designated
- Property Fund - Investments Fund -Organ Fund					3,550,896 728,473 250,000			- (300,000) (250,000)	(887,724) 79,965	2,663,172 508,438
					4,529,369			(550,000)	(807,759)	3,171,610
Endowment
-Permanent	Endowment		Funds	11,545,122			(5,341)	(2,974,304)		8,565,477
Total funds				16,514,995		472,066	(482,467)	(3,782,063)		12,722,531
Analysis of	funds - 2019
					Opening Balance	income	Expenditure	Transfer	Gains I Losses	Closing Balance
						E		F
Unrestricted
-General Unrestricted		"Free"Reserves			417,880	800,990	(778,366)			440,504
Designated
- Property Fund - Investments Fund -Organ Fund					3,550,896 570,904 250,000				157,569	3,550,896 728,473 250,000
					4,371,800				157,569	4,529,369
Endowment
-Permanent	Endowment		Funds	11,481,414			(7,251)		70,959	11,545,122
Total funds				16,271,094		800,990	(785,617)		228,528	16,514,995

Gate	with St Martin	. During the year, the	following amounts were pai	d to the church:-
			2020	2019
Church Church Church Music Budget Vat	expenses (including ITand repairs administration salaries shortfall not accrued	insurance)	14,249 6,842 57,111 29,855 9,679 (1,413)	14,673 15,564 60,893 33,440 (1,706)
			116,323	122,864