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2020-12-31-accounts
|
Page |
| Trustees'report^ |
1-2 |
| Independentexaminer'sreport |
3 |
| Statementoffinancialactivities |
4-5 |
| Balancesheet |
6-7 |
| Notestothefinancialstatements |
8-20 |
|
|
UnrestrictedEndowment |
UnrestrictedEndowment |
Restricted |
Total |
Unrestricted |
Endowment |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
|
|
designated |
|
|
|
designated |
|
|
|
|
2020 |
2020 |
2020 |
2020 |
2019 |
2019 |
2019 |
2019 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
|
|
|
|
|
| Donationsandlegacies |
3 |
- |
- |
52,849 |
52,849 |
- |
- |
- |
- |
| Charitableactivities |
4 |
3,912 |
- |
73,237 |
77,149 |
354,276 |
- |
37,985 |
392,261 |
| Othertradingactivities |
5 |
- |
- |
7,600 |
7,600 |
|
- |
4,500 |
4,500 |
| Investments |
6 |
1,753 |
• |
1 |
1,754 |
1,985 |
• |
4 |
1,989 |
| Totalincome |
|
5,665 |
- |
133,687 |
139,352 |
356,261 |
- |
42,489 |
398,750 |
| Expenditureon: |
|
|
|
|
|
|
|
|
|
| Charitableactivities |
7 |
87,953 |
- |
119,946 |
207,899 |
54,859 |
- |
79,777 |
134,636 |
| Netgains/(losses)oninvestments |
11 |
21,824 |
5,809 |
25,830 |
53,463 |
159,207 |
10,722 |
47,679 |
217,608 |
| Net (expenditure)/incomefortheyear/ |
|
|
|
|
|
|
|
|
|
| Netmovementinfunds |
|
(60,464) |
5,809 |
39,571 |
(15,084) |
460,609 |
10,722 |
10,391 |
481,722 |
| Net(expendlture)/lncome fortheyear/ |
|
|
|
|
|
|
|
|
| NetmovementInfunds |
(60,464) |
5,809 |
39,571 |
(15,084) |
460,609 |
10,722 |
10,391 |
481,722 |
| Fundbalancesat1January2020 |
626,906 |
102,551 |
361,229 |
1,090,686 |
166,297 |
91,828 |
350,837 |
608,962 |
| Fundbalancesat31 December2020 |
566,442 |
108,360 |
400,800 |
1,075,602 |
626,906 |
102,550 |
361,228 |
1,090,684 |
|
|
2020 |
2019 |
|
Notes |
|
|
| Fixedassets |
|
|
|
| Tangibleassets |
12 |
9,629 |
9,858 |
| Investments |
13 |
675,857 |
622,394 |
|
|
685,486 |
632,252 |
| Currentassets |
|
|
|
| Debtors |
15 |
23,675 |
37,069 |
| Cashatbankandinhand |
|
451,435 |
477,794 |
|
|
475,110 |
514,863 |
| Creditors:amountsfallingduewithin |
|
|
|
| oneyear |
17 |
(84,866) |
(56,303) |
| Netcurrentassets |
|
390,244 |
458,560 |
| Totalassetslesscurrentliabilities |
|
1,075,730 |
1,090,812 |
| Creditors:amountsfallingdueafter |
|
|
|
| morethanoneyear |
18 |
(128) |
(128) |
| Net assets |
|
1,075,602 |
1,090,684 |
| Income funds |
|
|
|
| Restrictedfunds |
19 |
400,800 |
361,229 |
| Endowmentfunds-designated |
|
108,360 |
102,551 |
| Unrestrictedfunds |
|
566,442 |
626,906 |
|
|
1,075,602 |
1,090,684 |
|
Restricted |
Total |
|
funds |
|
|
2020 |
2019 |
|
£ |
£ |
| Legaciesreceivable |
30,000 |
|
| CoronavirusJobRetentionSchemeGrant |
22,849 |
|
|
52,849 |
|
| Charitableactivities |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Incomingresourcesfromcharitableactivities |
73,237 |
37,985 |
| Otherincome |
3,912 |
354,276 |
|
77,149 |
392,261 |
| Analysisbyfund |
|
|
| Unrestrictedfunds |
3,912 |
354,276 |
| Restrictedfunds |
73,237 |
37,985 |
|
77,149 |
392,261 |
|
Restricted |
Restricted |
|
funds |
funds |
|
2020 |
2019 |
|
£ |
£ |
| Rentalincome |
7,600 |
4,500 |
|
Unrestricted |
Restricted |
Total |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
|
funds |
funds |
|
|
2020 |
2020 |
2020 |
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Interestreceivable |
1,753 |
1 |
1,754 |
1,985 |
4 |
1,989 |
|
2020 |
2019 |
|
£ |
£ |
| Staffcosts |
127,749 |
88,860 |
| Depreciation andimpairment |
229 |
229 |
| Book-keepingfees |
1,011 |
989 |
| Accountancy |
7,020 |
9,994 |
| Generalexpenses |
11,198 |
12,839 |
| Legalandprofessionalfees |
19,811 |
5,419 |
| Chargesandfees |
1,999 |
1,935 |
| Propertyrepairs |
21,336 |
8,488 |
| Tuitionfees |
3,300 |
3,300 |
| Baddebts |
11,663 |
|
|
205,316 |
132,053 |
| Grantfundingofactivities(seenote8) |
2,583 |
2,583 |
|
207,899 |
134,636 |
| Analysisbyfund |
|
|
| Unrestrictedfunds |
87,953 |
54,859 |
| Restrictedfunds |
119,946 |
79,777 |
|
207,899 |
134,636 |
|
2020 |
2019 |
|
£ |
£ |
| Grantstoindividuals |
2,583 |
2,583 |
|
2,583 |
2,583 |
|
2020 |
2019 |
|
Number |
Number |
| Ministers |
6 |
6 |
| Employmentcosts |
2020 |
2019 |
|
£ |
£ |
| Wagesand salaries |
122,937 |
83,739 |
| Socialsecuritycosts |
3,269 |
4,220 |
| Otherpensioncosts |
1,543 |
901 |
|
127,749 |
88,860 |
| Netgains/(losses)oninvestments |
|
|
|
|
|
|
|
|
|
Unrestricted |
Endowment |
Restricted |
Total |
Unrestricted |
Endowment |
Restricted |
Total |
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
|
designated |
|
|
|
designated |
|
|
|
2020 |
2020 |
2020 |
2020 |
2019 |
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Gain/(loss)oninvestments |
21,824 |
5,809 |
25,830 |
53,463 |
159,207 |
10,722 |
47,679 |
217,608 |
|
Freeholdlandandbuildings |
| At1January2020 |
11,461 |
| At31December2020 |
11,461 |
| Depreciationandimpairment |
|
| At1January2020 |
1,603 |
| Depreciationchargedintheyear |
229 |
| At31December2020 |
1,832 |
| Carryingamount |
|
| At31December2020 |
9,629 |
| At31December2019 |
9,858 |
|
Listed |
Other |
Total |
|
investments |
investments |
|
|
£ |
|
£ |
| Costorvaluation |
|
|
|
| At1January2020 |
622,294 |
100 |
622,394 |
| Valuationchanges |
53,463 |
|
53,463 |
| At31December2020 |
675,757 |
100 |
675,857 |
| Carryingamount |
|
|
|
| At31December2020 |
675,757 |
100 |
675,857 |
| At31December2019 |
622,294 |
100 |
622,394 |
|
|
2020 |
2019 |
| Otherinvestmentscomprise: |
Notes |
£ |
£ |
| Investmentsinsubsidiaries |
|
100 |
100 |
| 14 |
Financialinstruments |
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Carryingamountoffinancialassets |
|
|
|
|
Instrumentsmeasuredatfairvaluethroughprofitorloss |
|
675,757 |
622,294 |
| 15 |
Debtors |
|
|
|
|
|
|
2020 |
2019 |
|
Amountsfallingduewithinoneyear: |
|
£ |
£ |
|
Otherdebtors |
|
23,675 |
37,069 |
| 16 |
Loansandoverdrafts |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Interestfreeloans |
|
128 |
128 |
|
Payable afteroneyear |
|
128 |
128 |
| 17 |
Creditors:amountsfallingduewithinoneyear |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Othercreditors |
|
84,866 |
56,303 |
| 18 |
Creditors:amountsfallingdueaftermorethan oneyear |
|
|
|
|
|
|
2020 |
2019 |
|
|
Notes |
£ |
£ |
|
Bankloans |
16 |
128 |
128 |
|
|
Movementinfunds |
Movementinfunds |
|
|
Movementinfunds |
Movementinfunds |
|
|
|
Balanceat |
Incoming |
ResourcesRevaluations, |
|
Balanceat |
Incoming |
ResourcesRevaluations, |
|
Balanceat |
|
1January2019 |
resources |
expended |
gainsandl |
January2020 |
resources |
expended |
gainsand31December |
|
|
|
|
|
losses |
|
|
|
losses |
2020 |
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| SouthernDioceseStipendFund:Bishops |
|
|
|
|
|
|
|
|
|
| Fund |
85,114 |
- |
- |
- |
85,114 |
- |
- |
- |
85,114 |
| SouthernDioceseStipendFund:Stipend |
|
|
|
|
|
|
|
|
|
| Fund |
262,951 |
42,489 |
(79,777) |
47,679 |
273,342 |
133,687 |
(119,946) |
25,830 |
312,913 |
| RussianChurchAppeal |
2,772 |
* |
- |
- |
2,772 |
- |
- |
* |
2,772 |
|
350,837 |
42,489 |
(79,777) |
47,679 |
361,228 |
133,687 |
(119,946) |
25,830 |
400,800 |
|
Balanceat |
Revaluations, |
Balanceat |
Revaluations, |
Balanceat |
|
1January 2019 |
gainsandl |
January2020 |
gainsand31 December |
|
|
|
losses |
|
losses |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| ClergyBenevolentFund |
91,728 |
10,722 |
102,450 |
5,809 |
108,259 |
| SomervilleBequest |
101 |
- |
101 |
- |
101 |
|
91,829 |
10,722 |
102,551 |
5,809 |
108,360 |
| 21 |
Analysisofnetassetsbetweenfunds |
|
|
|
|
|
|
|
|
|
|
Unrestricted |
Designated |
Restricted |
Total |
Unrestricted |
Designated |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
|
2020 |
2020 |
2020 |
2020 |
2019 |
2019 |
2019 |
2019 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
|
Fundbalancesat31December 2020are |
|
|
|
|
|
|
|
|
|
representedby: |
|
|
|
|
|
|
|
|
|
Tangibleassets |
9,629 |
|
|
9,629 |
9,858 |
|
|
9,858 |
|
Investments |
275,953 |
73,422 |
326,482 |
675,857 |
254,129 |
67,613 |
300,652 |
622,394 |
|
Currentassets/(liabilities) |
280,988 |
34,938 |
74,318 |
390,244 |
363,047 |
34,937 |
60,576 |
458,560 |
|
Longtermliabilities |
(128) |
|
|
(128) |
(128) |
|
|
(128) |
|
|
566,442 |
108,360 |
400,800 |
1,075,602 |
626,906 |
102,550 |
361,228 |
1,090,684 |