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2021-04-05-accounts
|
|
|
|
2021 |
2020 |
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Investment income |
3 |
32242 |
- |
32,242 |
36,938 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
4 |
- |
13,421 |
13,421 |
14,074 |
| Charitable activities |
5 |
|
|
|
|
| Church and Charitable purposes |
|
33,697 |
- |
33,697 |
35,227 |
| Total |
|
33,697 |
13,421 |
47,118 |
49301 |
| Net gains/(Iosses) on investments |
|
- |
219,068 |
219,068 |
(158,744) |
| NET INCOME!(EXPENDITURE) |
|
(1455) |
205,647 |
204,192 |
(171,107) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
11,504 |
828,690 |
840,194 |
1,011,301 |
| TOTAL FUNDS CARRIED FORWARD |
|
10,049 |
1,034,337 |
1,044,386 |
840,194 |
|
|
|
|
2021 |
2020 |
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Investments |
10 |
- |
1,034,337 |
1,034,337 |
828,690 |
| CURRENT ASSETS |
|
|
|
|
|
| Cash at bank |
|
44,783 |
- |
44,783 |
38,779 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
11 |
(34,734) |
- |
(34,734) |
(27,275) |
| NET CURRENT ASSETS |
|
10,049 |
- |
10,049 |
11,504 |
| TOTAL ASSETS LESS CURRENT |
LIABILITIES |
10,049 |
1,034,337 |
1,044,386 |
840,194 |
| NET ASSETS |
|
10,049 |
1,034,337 |
1,044,386 |
840,194 |
| FUNDS |
12 |
|
|
|
|
| Unrestricted funds |
|
|
|
10,049 |
11,504 |
| Endowment funds |
|
|
|
1,034,337 |
828,690 |
| TOTAL FUNDS |
|
|
|
1,044,386 |
840,194 |
| INVESTMENT INCOME |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Fixed interest stocks, convertibles and equity investments |
32,188 |
36,878 |
| Deposit account interest |
54 |
60 |
|
32,242 |
36,938 |
| RAISING FUNDS |
|
|
| Investment management costs |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Portfolio management |
13,421 |
14,074 |
| 5. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Grant |
|
|
|
|
funding of |
|
|
|
|
activities |
Support |
|
|
|
(see note |
costs (see |
|
|
|
6) |
note 7) |
Totals |
|
|
£ |
£ |
£ |
|
Church arid Charitable purposes |
32,000 |
1,697 |
33,697 |
| 6. |
GRANTS PAYABLE |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Church arid Charitable purposes |
|
32,000 |
33,500 |
|
The total grants paid to institutions during the year was as follows: |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Church Mission Society |
|
1,500 |
2,000 |
|
Christian Aid |
|
2,000 |
2,000 |
|
TEAR Fund |
|
1,500 |
1,500 |
|
Safe and Sound, Derby |
|
1,000 |
1,000 |
|
Good News Family Care |
|
1,000 |
1,000 |
|
Manna Mozambique & Angola Anglican Association |
|
500 |
1,000 |
|
Derby City Mission |
|
4,000 |
4,500 |
|
Christian Solidarity Worldwide |
|
1,000 |
1,000 |
|
Derby Kids Camp |
|
- |
500 |
|
Freedom From Torture |
|
1,000 |
1000 |
|
London Institute Contemp Christianity |
|
(500) |
1000 |
|
Crossroads |
|
1,000 |
1,000 |
|
Swadlincote Youth for Christ |
|
1,000 |
1,000 |
|
Compassion |
|
1,000 |
500 |
|
Christian Witness to Israel |
|
|
500 |
|
Upbeat Communities |
|
500 |
|
|
Chicks |
|
- |
500 |
|
Home Start Erewash |
|
500 |
500 |
|
Church Army |
|
500 |
|
|
Broadway Baptist |
|
4,000 |
4,000 |
|
CPAS (Falcon Camp) |
|
1,000 |
1,000 |
|
Exairco Trust |
|
1,000 |
1,000 |
|
Restore |
|
1,000 |
1,000 |
|
UCCF Christian Unions |
|
500 |
500 |
|
St Luke’s Healthcare for the Clergy |
|
1,000 |
1,000 |
|
A Roche UK |
|
1,000 |
1,000 |
|
MHA |
|
1,000 |
1,000 |
|
Freedom Community Project |
|
500 |
500 |
|
St Matthews, Overseal |
|
500 |
2,000 |
|
The Leprosy Mission |
|
500 |
|
|
Mission Direct |
|
500 |
- |
|
The BACA Charity |
|
500 |
- |
|
Betel UK |
|
500 |
- |
|
Scripture Union |
|
500 |
- |
|
Theos |
|
500 |
|
|
|
|
32,000 |
33,500 |
|
|
|
|
|
Governance |
|
|
|
|
|
Finance |
costs |
Totals |
|
|
|
|
£ |
£ |
£ |
| Church |
and |
Charitable |
purposes |
4 |
1,693 |
1,697 |
| Finance |
|
|
|
2021 |
2020 |
|
Church |
|
|
and |
|
|
Charitable |
Total |
|
purposes |
activities |
|
£ |
£ |
| Bank charges |
4 |
5 |
| Governance costs |
|
|
|
2021 |
2020 |
|
Church |
|
|
and |
|
|
Charitable |
Total |
|
purposes |
activities |
|
£ |
£ |
| Accountancy |
1,693 |
1,722 |
|
Unrestricted |
Endowment |
Total |
|
fund |
fund |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Investment income |
36,938 |
- |
36,938 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
140 |
13,934 |
14,074 |
| Charitable activities |
|
|
|
| Church and Charitable purposes |
35,227 |
- |
35,227 |
| Total |
35,367 |
13,934 |
49,301 |
| Net gains/osses) on investments |
- |
(158,744) |
(158,744) |
| NET INCOME/(EXPENDITURE) |
1,571 |
(172,678) |
(171,107) |
| 9. |
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 |
Endowment |
Total |
|
|
fund |
fund |
funds |
|
|
£ |
£ |
£ |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
9,933 |
1,001,368 |
1,011,301 |
|
TOTAL FUNDS CARRIED FORWARD |
11,504 |
828,690 |
840,194 |
| 10. |
FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
Cash and |
|
|
|
Listed |
settlements |
|
|
|
investments |
pending |
Totals |
|
|
£ |
£ |
£ |
|
MARKET VALUE |
|
|
|
|
At 6 April 2020 |
825,188 |
3,502 |
828,690 |
|
Additions |
167,614 |
177,143 |
344,757 |
|
Disposals |
(158,105) |
(165,655) |
(323,760) |
|
Revaluations |
184,650 |
- |
184,650 |
|
At 5 April 2021 |
1,019,347 |
14,990 |
1,034,337 |
|
NET BOOK VALUE |
|
|
|
|
At 5 April 2021 |
1,019,347 |
14,990 |
1,034,337 |
|
At 5 April 2020 |
825,188 |
3,502 |
828,690 |
|
Listed investments are analysed as follows: |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
UK investments |
|
670,414 |
572,238 |
|
Overseas investments |
|
348,933 |
252,950 |
|
|
|
1,019,347 |
825,188 |
|
Included within listed investments are the following material investments: |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
TR Property Investment |
|
71,280 |
56,745 |
|
Experion |
|
58,570 |
48,657 |
|
Cost or valuation at 5 April 2021 is represented by: |
|
|
|
|
|
|
Cash and |
|
|
|
Listed |
settlements |
|
|
|
investments |
pending |
Totals |
|
|
£ |
£ |
£ |
|
Valuation in 2021 |
1,019,347 |
14,990 |
1,034,337 |
| 11. |
CREDITORS: AMOUNTS FALLING DUE WI |
THIN ONE YEAR |
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
£ |
£ |
|
Other creditors |
|
|
34,734 |
27,275 |
| 12. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 614/20 |
in funds |
5/4/21 |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
11,504 |
(1,455) |
10,049 |
|
Endowment funds |
|
|
|
|
|
Endowment fund |
|
828,690 |
205,647 |
1,034,337 |
|
TOTAL FUNDS |
|
840,194 |
204,192 |
1,044386 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
resources |
expended |
losses |
in funds |
|
|
£ |
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
32,242 |
(33,697) |
- |
(1,455) |
|
Endowment funds |
|
|
|
|
|
Endowment fund |
. |
(13,421) |
219,068 |
205,647 |
|
TOTAL FUNDS |
32,242 |
(47,118) |
219,068 |
204,192 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 6/4/19 |
in funds |
5/4/20 |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
9,933 |
1,571 |
11.504 |
|
Endowment funds |
|
|
|
|
|
Endowment fund |
|
1,001,368 |
(172,678) |
828,690 |
|
TOTAL FUNDS |
|
1,011,301 |
(171,107) |
840,194 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
36,938 |
(35,367) |
- |
1,571 |
| Endowment funds |
|
|
|
|
| Endowment fund |
- |
(13,934) |
(158,744) |
(172,678) |
| TOTAL FUNDS |
36.938 |
(49,301) |
(158,744) |
(171,107) |
|
|
Net |
|
|
|
movement |
At |
|
At 6/4/19 |
in funds |
5/4/21 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
9,933 |
116 |
10,049 |
| Endowment funds |
|
|
|
| Endowment fund |
1,001,368 |
32,969 |
1,034,337 |
| TOTAL FUNDS |
1,011,301 |
33,085 |
1,044,386 |
A current year 12 months and prior
as follows: |
year 12 months combined n |
et movement in f |
unds, included i |
n the above a |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
69,180 |
(69,064) |
- |
116 |
| Endowment funds |
|
|
|
|
| Endowment fund |
- |
(27,355) |
60,324 |
32,969 |
| TOTAL FUNDS |
69,180 |
(96,419) |
60,324 |
33,085 |