2021-12-31-accounts - The St Michaels And All Saints Charity

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		Note	2021		2020
Fixed assets
Freehold and leasehold	properties		9,259,900		10,684,500
Fixtures, fittings and equipment
Investments			1,411,827		1,202,587
			10,671,727		11,887,087
Current assets
Cash at bank			119,119	73,664
Debtors and prepayments			156,661	221,620
Charities deposit fund			560,225	760,225
			836,005	1,055,509
Current liabilities
Sundry creditors			(154,559)	(220,065)
Net current assets			681,446		835,444
Net assets			11,353,173		12,722,531
Financed by:
Unrestricted funds		8/13	831,446		985,444
Designated funds		8/13	2,923,291		3,171,610
Permanent endowment	funds	8/13	7,598,436		8,565,477
Total funds			11,353,173		12,722,531

		2021	2020
		F
(Decrease)/increase in funds		(1,369,358)	(3,792,464)
Decrease/(increase) in debtors		64,959	(146,985)
(Decrease)/increase in creditors		(65,506)	51,188
interest/dividends received		(13,024)	(13,713)
(Gain)/ loss on investments		(214,503)	220,563
Investment management fees		5,263	5,341
Revaluation loss on fixed assets		1,424,600	3,561,500
Net cash flow from operating	activities	(167,569)	(114,571)
Cash flow statement
Net cash flow from operating activities		(167,569)	(114,571)
Returns on investments and servicing offinance
Interest/dividends received		13,024	13,713
Net proceeds from disposal of investments			300,000
Net cash flow after management	of liquid resources
and financing		(154,545)	199,142
(Decrease)/increase in cash		(154,545)	199,142
Movement in cash		(154,545)	'I99,142
Net cash at 1stJanuary		833,889	634,747
Net cash at 31st December		679,344	833,889

Freehold	and leasehold properties
		1stJanuary	Revaluation	31stDecember
		2021 f	Adjustment	2021 K
Investment	property	10,684,500	(1,424,600)	9,259,900
Current year split by fund
		Designated	Endowment	Total
		Fund	Fund	2021
			F
Investment	property	2,308,082	6,951,818	9,259,900
Prior year	split by fund
		Designated	Endowment	Total
		Fundf	Fundf	2020f
Investment	property	2,663,172	8,021,328	10,684,500

Fixtures, fittings and equipment
	Total
Brought forward cost
At 1stJanuary 2021 and at 31st December 2021	21,906
Accumulated depreciation
At 1stJanuary 2021 and at 31stDecember 2021	21,906
Net book value
At 31st December 2021 and at 31stDecember 2021

							Designated	Designated		Permanent
							Investments			Endowment	Total
										Fundf
Market value at 1stJanuary 2021								658,438		544,149	1,202,587
Net gains/(losses) on revaluation:
- realised								52,566		(71,875)	(19,309)
-unrealised								54,205		179,607	233,812
Management fees										(5,263)	(5,263)
Market value at 31stDecember 2021								765,209		646,618	1,411,827
The net gains on revaluation ofinvestments			including		amounts	recorded		in the Statement ofFinancial Activities
in designated funds are f106,771 (2020:679,065) and permanent (2020:were losses off300,528).							endowment		funds	were gains	ofE102,469
Investments held							Designated			Endowment	Total
										F
7,214	COIF Income Shares							22,577			22,577
1,046	COIF Accumulation Shares							5,197			5,197
148,446	COIF Accumulation Shares						737,435				737,435
475	Anglo American PLC									14,325	14,325
675	AstraZeneca PLC									58,5?6	58,576
16,500	Aviva Ord GBP0.25									28,728	28,728
26,000	Barclays PLC									22,440	22,440
19,250	BTGroup Ord GBP0.05									32,638	32,638
1,222	Capital Group New Perspective		Fund							21,453	21,453
2,180	Carnival pic Ord USD1.66									26,980	26,980
11,024	CC Japan Income 8 Growth Trust			Pic						16,591	16,591
5,200	Easyjet Ord GBP0.25									27,678	27,678
3,500	Fidelity European Values 0.0001									73,208	73,208
146	Findlay Park American Fund									21,586	21,586
3,700	GlaxoSmithKline PLC									59,444	59,444
7,813	Hermes Global Emerging Markets			Fund						19,466	19,466
45,000	International Consolidated	Airline								14,248	14,248
630	iShares Core S8P									22,201	22,201
145,800	Lloyds Banking Group Ord	GBP0.1								29,062	29,062
11,425	M8G PLC									22,793	22,793
32,525	Natwest Group pic									34,532	34,532
1,500	Prudential Ord GBP0.05									12,745	12,745
49,833	Roll Royce Group Ord GBP0.20									35,737	35,737
300	Schroders pic									10,680	10,680
128	Thematics Meta									20,907	20,907
8,575	Thomaslloyd Energy Impact Trust									6,946	6,946
	Cash									13,654	13,654
							765,209			646,618	1,411,827

Charitable grants
					2021f	2020f
ACT!					3,000
Agnes Smith Advice	Centre				3,000	3,000
ARCH					3,000	2,000
Archway Foundation					2,000
Aspire					5,000	7,000
Asthma Relief in Oxford					2,500
Asylum Welcome						7,000
Banbury Community		Church				1,500
Banbury Young Homeless				Project		5,750
Barton Community Association					3,000
BeFree Young Carers						3,000
Berinsfield Information		and		Advice Centre	3,000
Blackbird Leys Adventure				Playground	2,000
Bookfeast					(330)
Bridgewell Organic Gardens					1,000
CAB Oxford					7,500
CAB Oxfordshire South			and Vale		2,000
Cherwell Theatre Company					2,900	2,185
Church ofthe Holy Family						1,500
Clear Sky Children's	Foundation					3,000
Clic Sargent						500
Cowley Road Works						3,000
Crisis Oxfordshire						3,000
Cutteslowe Community			Association		2,000
Daybreak Oxford					3,000
Donnington Doorstep					6,000	12,000
Edge Housing					5,000
Eimore Community Services					5,000
Emmaus Oxford
Exeter College ExVac					1,000	2,000
Fam Jam Project						3,000
Fusion Arts						2,000
Happy Days Children's		Charity			300
Helen 8 Douglas House						2,000
Home-Start Banbury						1,500
Home-Start Oxford					3,000	7,500
IMPS						3,000
Jacari						1,000
KEEN						4,ooo
Leys CDI					2,500
Lincoln College Vacation			Project		2,000
Maggie's						2,000
Mulberry Bush School						10,000
My Life My Choice					3,000
One-Eighty					2,400
OSARCC					8,000
Oxford Association for		the Blind
Oxford Baby Bank						1,200
Oxford and District Mencap					3,500	5,000
Oxford Church's Debt		Centre				6,750
Oxford Hub						5,000
Oxford Mutual Aid					1,000

			(		The St INichael's and All Saints' Charity)
					Notes to the Accounts (Continued)
				for the year ended 31stDecember 2021
Charitable grants	(continued)
						2021f	2020f
Oxford Street Pastors							2,500
Oxford Winter Night Shelter						3,000
Oxfordshire Community		Work		Agency			3,000
Oxfordshire Family	Support		Network			5,000
Oxfordshire Historic Churches					Trust		20,000
Oxfordshire Homeless		Movement					2,000
Oxfordshire Mind							1,500
Oxfordshire Play Association						1,000
Oxfordshire Youth						3,000
OxPIP						3,000
OXSRAD							1,500
Poiice Community	Clubs ofGB					1,000
"Prison Phoenix Trust							(1,910)
Quest for Learning						3,500	4,956
RAW Workshop						4,000
Reducing the Risk	ofDomestic				Abuse	3,000	5,000
Refugee Resource						2,500	5,000
Relate Oxfordshire							8,000
Restore						3,000
Rose Hill Junior Youth		Club					2,784
Samaritans Oxford						1,000	5,000
Seesaw						3,000	3,000
Shared Knitting and	Crocheting					500
Soundabout							2,390
St Luke's Church						3,000	3,000
Students4Students							2,000
The Gatehouse							6,600
The Listening Centre							1,500
The Oxford Playhouse		Trust				2,000
The Parasol Project						2,520	2,760
The Porch						5,000
The Syrian Community		in Oxford				1,000
Thrive Innovista and Oxfordshire						4,000	15,000
Wood Farm Parent	and	Toddler			Group	5,000	4,902
Yellow Submarine						2,000
Young Dementia							5,000
Young Women's Music		Project				1,500
						149,790	215,867

6	Debtors and prepayments
				2021f	2020
	Under one year: Trade debtors net of provision	for doubtful	debts	138,010	195,345
	Other debtors			4,345	2,708
	Amounts owed by St Michaels	at the North	Gate
	with St Martin and All Saints				12,032
	Prepay ments			14,306	11,535
				156,661	221,620
7	Sundry creditors			2021	2020
					E
	Amounts due in respect oftaxation and social security Grants payable within one year Trade creditors			3,630 6,000 (2,995)	2,374 15,100 1,510
	Accruals and deferred income			104,283	164,440
	Amounts owed to connected charities			43,641	36,641
				154,559	220,065
	Deferred income consists of rent in advance:-
	Released from previous year			58,615	46,750
	Deferred in current year			93,669	152,284

Net asset a	nalysis	—2	021
				Freehold	Fixtures
				and	fittings		Net current	Non
				leasehold	and	Investments	assets	current
				properties f	equipment F	F	f	liabilities	Total
Unrestricted
-General Unrestricted		"Free"Reserves				150,000	681,446		831,446
Designated
- Property Fund				2,308,082					2 308082
- Investments	Fund					615,209			615,209
Endowment
- Permanent	Endowment		Funds	6,951,818		646,618			7,598,436
				9,259,900		1,411,827	681,446		11,353,173
Net asset analysis —2020
				Freehold	Fixtures
				and	fittings		Net current	Non
				leasehold	and	Investments	assets	current
				properties	equipment			liabilities	Total
				F			F.		E
Unrestricted
-General Unrestricted		"Free"Reserves				150,000	835,444	-	985,444
Designated
- Property Fund				2,663,172					2,663,172
- investments	Fund					508,438			508,438
Endowment
- Permanent	Endowment		Funds	8,021,328		544,149			8,565,477
				10,684,500		1,202,58?	835,444		12,722,531

Staff Costs
			2021f	2020 F
Gross wages			36,182	35,660
Employers	Nationa	I Insurance	2,910	2,554
Employment	allowance		(2,599)	(1,841)
			36,493	36,373

				Cost of	Charitable	2021	2020
				generating funds f	activities	Total F	Total F
Support costs
Staff costs				18,247	18,247	36,494	36,372
Professional	indemnity		insurance	531	531	1,062	736
Insurance				620	620	1,240	864
General office expenses			and repairs	3,361	3,361	6,722	8,156
Audit fee				5,565	5,565	11,130	8,970
Legal and professional		fees					1,024
Total				28,324	28,324	56,648	57,122

				Opening Balance	Income	Expenditure	Transfer	Gains I Losses f	Closing Balance
Unrestricted
-General Unrestricted		"Free"Reserves		985,444	269,5?7	(423,575)			831,446
Designated
—Property Fund -investments Fund				2,663,172 508,438			-	(355,090) 106,771	2,308,082 615,209
				3,171,610			-	(248,319)	2,923,291
Endowment
-Permanent	Endowment		Funds	8,565,477		(5,263)	-	(961,778)	7,598,436
Total funds			12,722,531		269,576	(428,838)	-(1,210,097)		11,353,173

					Opening Balance f.	Income	Expenditure f	Transfer E	Gains I Losses K	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

Gate	with St Martin	. During the year, the	following amounts were pai	d to the church:
			2021	2020
			E
Church Church Church Music Budget Vat	expenses (including ITand repairs administration salaries shortfall not accrued	insurance)	33,364 1,552 60,626 32,709 (2,241) 401	14,249 6,842 57,111 29,855 9,679 (1,413)
			126,411	116,323