## 

## 

## 

## 



## 

||**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**|<br>**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**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)|<br>5,809|39,571|(15,084)|<br>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|
|Fundbalancesat**1**January2020|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**|<br>**funds**|**funds**||funds|funds|funds||
|||**designated**||||designated|||
||**2020**|<br>**2020**|**2020**|**2020**|2019|2019|2019|2019|
||**£**|<br>**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Gain/(loss)oninvestments|21,824|<br>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|<br>-|101|
||91,829|10,722|102,551|<br>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)|<br>(128)|||(128)|
|||566,442|108,360|400,800|1,075,602|626,906|102,550|361,228|1,090,684|





## 

# 

##