| Pages | |||
|---|---|---|---|
| Report ofthe Directors | 3 - 10 | ||
| Statement ofthe Directors' | responsibilities | ||
| Independent auditor's |
report | to the members | 12- 15 |
| Statement ofFinancial | Activities | 16 | |
| Balance Sheet | 17 | ||
| Statement ofcash flows | 18 | ||
| Notes to the financial | statements | 19-39 |
| Reference | and administrative | and administrative | details | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Full name | The United Reformed | Church East | Midlands | Synod Incorporated | |||||
| Registered | company | number | 01566806 | ||||||
| Registered | charity number | 511712 | |||||||
| Directors | |||||||||
| A Directors | |||||||||
| Rev A Camilla Veitch (appointed | 13April | 2021) | |||||||
| Mr David J | Greatorex | ||||||||
| Rev Geoffrey S Clarke | |||||||||
| BDirectors | |||||||||
| Ms Catriona | M A Wheeler | ||||||||
| Rev James | A Breslin | ||||||||
| Mr James W EWild | |||||||||
| Rev Lesley | A Moseley (appointed | 19January 2021) | |||||||
| Mr Ronald | C Kenyon | ||||||||
| Mr Jonathan A Heard |
(resigned | 13July 2022) | |||||||
| Mr Vaughan Griffiths |
|||||||||
| Registered | office | I Edwards | Lane | ||||||
| Sherwood | |||||||||
| Notti ngham | |||||||||
| NG5 3AA |
| Bankers | The Royal | Bank ofScotland pic | Bank ofScotland pic |
|---|---|---|---|
| 38 Market | Place | ||
| Wigan | |||
| WN1 tPJ | |||
| Barclays Bank pic | |||
| Sherwood | Group | ||
| PO Box57 | |||
| Mansfield | |||
| NG18 1HT | |||
| Auditors | UHY Hacker | Young | |
| 14Park Row | |||
| Nottingham | |||
| NG1 6GR | |||
| Solicitors | Chattertons | Legal Services Limited | |
| St. Swithin's | Court | ||
| 1 Flavian | Road | ||
| Lincoln | |||
| LN2 4GR |
| regularly and in 2021 g |
ra | nts | were approved for t |
he follow | ing proj |
ects: | ||
|---|---|---|---|---|---|---|---|---|
| Church | Project | Fund | 2021 f |
2020 f |
||||
| New Grants approved: | ||||||||
| Grimsby | Oasis Hub | Mission | Fund | 15,500 | ||||
| Pioneer Ministry | South East Lincoln | Mission | Fund | 20,500 | ||||
| Corby URC | Church roof repair | Building | repair fund | 6,860 | ||||
| Bulwel1 URC | Toilet upgrade | Building | repair fund | 10,000 | ||||
| Flore URC | Church roof repair | Building | repair fund | 10,000 | ||||
| Groby URC | Church roof repair | Building | repair fund | 10,000 | ||||
| Marlpool URC | Theatre project | Moorgreen Mission Fund |
(5,000) | 5,000 | ||||
| St Andrews, Peterborough |
Works to Manse | Manse fund | 6,930 | |||||
| URC | ||||||||
| Bulwell URC | Family outreach project | Timson | Fund | 15,000 | ||||
| Loughborough URC |
Church and community | Mission | Fund | 11,340 | ||||
| centre manager | ||||||||
| Lubbesthorpe URC |
Pioneer worker | Mission | Fund | 8,000 | ||||
| 8ulwel1 URC | Family outreach project | Timson | Fund | 8,000 | ||||
| Bulwel1 URC | Family outreach project | Mission | Fund | 7,000 | ||||
| Hinckley URC | Stonework repair |
Building | repair fund | 10,000 | ||||
| West Derbyshire URC |
Window replacement |
Building | repair fund | 10,000 | ||||
| Lutterworth URC |
Church roof repair | Building | repair fund | 12 820 | ||||
| 77,160 | 84,790 | |||||||
| Other grants approved | / paid | (each less than f5,000) | 30,333 | 41,160 | ||||
| Total grants (Note 6) | 107,493 | 125,950 | ||||||
| Reconciliation ofgrant |
creditors and payments | |||||||
| Total grant creditor brought Grants approved in the year Grants paid during the year |
forward (Notes 18and 19) (Note 6) |
61,500 107,493 ~99493 |
||||||
| 3 39 t dt |
Mf | 9itt t 19 |
dl93 |
| Notes | Restricted | kin restricted | Tota12021 | Total | |||
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| (as restated) | |||||||
| Income and endowments | from: | ||||||
| Income from donations, legacies and |
8,316 | 90.932 | 99,248 | 109,828 | |||
| gl'allis | |||||||
| Income from charitable | activitien | ||||||
| Income from surplus properties |
1,720,241 | 1,720,241 | 1,046.209 | ||||
| Synod churches donations | 312,500 | 312,500 | 105,816 | ||||
| Other income | 255 | ||||||
| Investment income |
16422 | 247,289 | 263,511 | 253,667 | |||
| Total income and endowments | 24,538 | 2.370,962 | 2,395,500 | 1,515,775 | |||
| Expenditure on charitable |
|||||||
| activities: | |||||||
| Grants paid for purchase | ofproperties | 8 | 346,645 | 346,645 | |||
| Payments toor for churches |
7 | 4,531 | 360,734 | 365,265 | 124,858 | ||
| Grants payable | 6 | 29,778 | 77,715 | 107,493 | 125,950 | ||
| Training costs | 8 | 57,146 | 57,146 | 47,994 | |||
| Youth &children's work |
costs | 8 | 22,905 | 22,905 | 43,085 | ||
| Staff pension costs | 11 | 29,495 | 29,495 | 37,611 | |||
| Building surveys | 8 | 15,864 | 15,864 | 9,468 | |||
| Other payments | 8 | 14,874 | 14,874 | 11,622 | |||
| Pension Scheme deficit funding | 8&23 | 1,500,000 | 1,500,000 | 30,000 | |||
| Office costs | 8 | 195,394 | 195394 | 151677 | |||
| Total expenditure | 34,309 | 2,620,772 | 2,655,081 | 582,265 | |||
| Net (expenditure)/income | (9,771) | (249,810) | (259,581) | 933,510 | |||
| Transfers between funds |
20 | 600 | 600 | ||||
| Net expenditure/(income) | (9,171) | (250,410) | (259,581) | 933,510 | |||
| Other recognised gains /(losses): |
|||||||
| Unrealtsed gain/(loss) on |
investments | 15 | 47,854 | 835,512 | 883,366 | (203,622) | |
| Realised gain on disposal | of investments | 252 | 4,405 | 4,657 | |||
| Net movement in funds |
38,935 | 589,507 | 628,442 | 729,888 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought forward |
20 | 634,856 | 9,048,131 | 9,682,987 | 8,953,099 | ||
| Total funds carried forward | 20 | 673,791 | 9,637,638 | 10,311,429 | 9,682,987 |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| (as restated)f | |||||
| Fixed assets | |||||
| Tangible assets |
13 | 200,802 | 244,635 | ||
| Investment | property | 14 | 162,500 | ||
| Investments | 15 | 7,986,047 | 7,095,024 | ||
| 8,349,349 | 7,339,659 | ||||
| Current assets | |||||
| Debtors | 16 | 550,226 | 307,461 | ||
| Cash at bank & in hand | 17 | 2,017,680 | 2,127,631 | ||
| 2,567,906 | 2,435,092 | ||||
| Creditors: | ainounts | falling due within one year | 18 | (93,826) | (76,764) |
| Net current | assets | 2,474,080 | 2,358,328 | ||
| Total assets less current liabilities | 10,823,429 | 9,697,987 | |||
| Creditors: | amounts | falling due after more than one year | 19 | (512,000) | (15,000) |
| Net assets | 10,311,429 | 9,682,987 | |||
| Funds | |||||
| Restricted | 20 | 673,791 | 634,856 | ||
| Unrestricted | 20 | 9,637,638 | 9,048,131 | ||
| Totalfunds | 10,311,429 | 9,682,987 |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| (as restated) | |||||
| Cash (outflow)/inflow from operating |
12 | (104,266) | 543,071 | ||
| activities | |||||
| Cash flow from investing | activities | ||||
| Payments for tangible fixed |
assets | (2,685) | (6,303) | ||
| Purchase ofinvestments | (52,500) | ||||
| Sale proceeds on investments | 49,500 | ||||
| Net cash outflows from investing | activities | (5,685) | (6,303) | ||
| Net (decrease)/increase in |
cash and cash | (109,951) | 536,768 | ||
| equivalents | |||||
| Cash and cash equivalents | at IJanuary | 2,127,631 | 1,590,863 | ||
| Cash and cash equivalents | at 31 | December | 2,017,680 | 2,127,631 | |
| Cash and cash equivalents | consists of: | ||||
| Cash at bank and in hand | 2,017,680 | 2,127,631 |
| 2. Incom |
e from d | onations, legacies |
and grants | |||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2021 | Total 2020 | |||
| funds | funds | |||||
| Donations | ||||||
| Moderator's Discretionary |
Fund | 1280 | 1,280 | 1,055 | ||
| Welfare Fund | 2,105 | 2,105 | 2,212 | |||
| General donations | 9,824 | 9,824 | 3 | |||
| Capital Fund | 13,426 | 13,426 | 54,115 | |||
| Manse Fund | 60,281 | 60,281 | 37,458 | |||
| SELincolnshire | 10,300 | |||||
| Brayfield Road | Fund | 3.931 | 3,931 | |||
| Safe Guarding | Fund | 1,000 | 1,000 | |||
| Grants from thc national | Linited | |||||
| Reformed Church: | ||||||
| Grants for training | 7,401 | 7,401 | 4,685 | |||
| 8,316 | 90,932 | 99348 | 109,828 |
| 3. Income from |
surplus | properties | properties | ||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Tota12021 | Total 2020 | ||||
| funds | funds | ||||||
| f | |||||||
| Capital Fund —Fair value ofsurplus | properties | ||||||
| received pending disposal |
|||||||
| Badby URC (Sold 2022) | 336,722 | 336,722 | |||||
| Clihon URC (Sold 2021) | 158,801 | ||||||
| Langley URC (Sold 2021) | 137,547 | ||||||
| Rothwell URC (Sold 2022) |
200,000 | 200,000 | |||||
| Capital Fund —Surplus | properties | reccivcd st fair | |||||
| value snd subsequently | sold | ||||||
| Lutterworth URC |
302,556 | 302,556 | |||||
| Manse Fund —Surplus | properties | received at fair value | |||||
| snd subsequently sold |
|||||||
| Main Street, Kilby | 303,137 | ||||||
| Christ Churctc Leicester | 220,726 | ||||||
| Calverton Road, Arnold |
225,998 | ||||||
| 27 Maurice Drive, Nottingham | 350,190 | 350,190 | |||||
| 4A Harrowden Road, Wellingborough |
269,942 | 269,942 | |||||
| 8 Hudson Road, Spalding | 260,831 | 260,831 | |||||
| 1,720,241 | 1,720,241 | 1,046,209 |
| 4. | Investmen | t income |
||||
|---|---|---|---|---|---|---|
| Restricted | tlnrcstricted | Total 2021 | Total 2020 | |||
| funds | funds | |||||
| f | f | |||||
| interest | receivable | on cash deposits and loans | 12 | 90 | 102 | 2,190 |
| income | from listed | investments | 16,210 | 247,199 | 263,409 | 251,477 |
| 16,222 | 247,289 | 263,511 | 253,667 |
| 5. |
Incoming resources from |
activities to farther the comp | any's objecti |
ves | |
|---|---|---|---|---|---|
| Restricted | tlnrestrictcd | Total 2021 | Tots I2020 | ||
| funds | funds | ||||
| f | f | ||||
| Other | income | ||||
| Traimng | income | 160 | |||
| Bookstall | 60 | ||||
| Sundry | income | 35 | |||
| 255 |
| Restricted | Unrestricted | Total 2021 | Total 2020 | ||
|---|---|---|---|---|---|
| fundsf | funds | ||||
| Grants to individuals: | |||||
| Welfare Fund | 3,750 | 3,750 | 3,250 | ||
| Holiday Fund | 1,100 | 1,100 | |||
| Outreach Fund |
2,000 | 2,000 | 1,500 | ||
| Retired Ministers Housing |
Fund | 3,468 | 3,468 | 1,940 | |
| Moderators Dtscretionary |
Fund | 1,460 | 1,460 | 1,910 | |
| )torthants Everdon Willis |
Fund | 10,000 | |||
| Grants to Ministers | 6,332 | 6,332 | 6,269 | ||
| Ministers education grants |
5,334 | 5,334 | 3,530 | ||
| Grants for sabbaticals | 1,456 | 1,456 | 1,200 | ||
| Grants for books | 600 | 600 | |||
| Grants to institutions: | |||||
| General Mission Fund grants | 26,340 | 26,340 | 13,504 | ||
| Building Repair Fund grants | 37,653 | 37,653 | 54,526 | ||
| Timson Legacy grants Moorgreen Mission Fund |
grants | 23,000 (5,000) |
23,000 (5,000) |
20,000 | |
| Former District Church Fund grants | 1,061 | ||||
| Synod Manse Fund grants | 7,260 | ||||
| 29,778 | 77,715 | 107,493 | 125,950 |
| 7. Payments |
7. Payments |
to or for Churches | to or for Churches | to or for Churches | ||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2021 | Total 2020 | |||||
| fundsf | funds | |||||||
| Ministry and Mission |
Fund support | payment | 60,000 | |||||
| Repairs, utilities | and | legal/proressionat | Fees | 4,531 | 33,770 | 38,301 | 46.732 | |
| Licences. tnsurances | and professional | fees | 56,987 | 56,987 | 10,145 | |||
| Well ingborough | URC - Contribution | to the Hub | 269.507 | 269,507 | ||||
| West Derbyshire | URC | 470 | 470 | |||||
| Newport Pagnell |
URC | 7,981 | ||||||
| 4,531 | 360,734 | 365,265 | 124,858 |
| iVotes | Restricted | Unrestricted | Tots I2021 | Tota I 2020 | ||
|---|---|---|---|---|---|---|
| Synod | ||||||
| Activities | ||||||
| Grants paid for purchase ofproperties | 346,645 | 346,645 | ||||
| Payments to or for churches |
4,531 | 360.734 | 365,265 | 120,831 | ||
| Grants payable | 29,778 | 77,715 | 107,493 | 125,950 | ||
| Training &.other events | 10,782 | 10,782 | 5,572 | |||
| Training staff costs | 46,364 | 46,364 | 42,422 | |||
| Youth &Children's | staff costs | 22,905 | 22,905 | 43,085 | ||
| Buildings surveys |
15,864 | 15,864 | 9,468 | |||
| Pension funding | 23 | 1,500,000 | 1,500,000 | 30,000 | ||
| 34,309 | 2,381,009 | 2,415,318 | 351,355 | |||
| Other payments | ||||||
| Bookstall | 108 | 108 | 210 | |||
| Miscellaneous | 14 | 14 | 1,078 | |||
| Committee expenses |
5,425 | 5,425 | 7,640 | |||
| Pastoral consultants | 9,327 | 9,327 | 2,694 | |||
| 14,874 | 14,874 | 11,622 | ||||
| OAice costs | ||||||
| Audit &Accountancy | 14,016 | 14,016 | 13,200 | |||
| Professional fees |
19,697 | 19,697 | 22,205 | |||
| Depreciation | 46,518 | 46,518 | 6,353 | |||
| Staffcosts | 95.253 | 95,253 | 93,800 | |||
| Rent, repairs &office insurance | 26,901 | 26,901 | 25,895 | |||
| Office consumables | 12,992 | 12,992 | 16,023 | |||
| Travel | 3,960 | 3,960 | 5,245 | |||
| Other expenses | 3,870 | 3,870 | 2,540 | |||
| Legal fees | 828 | 828 | 4,027 | |||
| Data access request | 854 | 854 | ||||
| 224,889 | 224,889 | 189,288 | ||||
| 34,309 | 2,620,772 | 2,655,081 | 552,265 |
| 10. Surplus for the year |
||
|---|---|---|
| The surplus for the year is stated after charging: |
2021f | 2020f |
| Fees payable to auditors | 13,716 | 13,200 |
| Depreciation ofowned assets (Note 13) | 46,518 | 6,353 |
| Profit on sale ofinvestments | (4,657) | |
| Operating lease rentals |
3,105 | 4,744 |
| The total staff costs and employees' benefi |
ts were as follows: | ||
|---|---|---|---|
| Notes | 2021f | 2020f | |
| Wages and salaries | 127,360 | 131,098 | |
| Social security | 7,667 | 10,598 | |
| Pension costs | 23 | 29,495 | 37,611 |
| 164,522 | 179,307 |
| 12.Reconciliation | o | fnet income | to ne | t cashflows fr |
om operating activ |
ities | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Net movement in funds for the year |
628,442 | 729,888 | |||||
| Depreciation | 46,518 | 6,353 | |||||
| (Increase)/decrease | in | fair value of | investments | (883,366) | 203,622 | ||
| Profit on disposal ofinvestments | (4,657) | ||||||
| Fair value movement | ofinvestment | properties | (162,500) | ||||
| Increase in debtors | (242,765) | (299,568) | |||||
| Increase/(decrease) | in | creditors | 514,062 | (97,224) | |||
| Net cash (outflow)/inflow from operating |
activities | (104,266) | 543,071 | ||||
| Analysis ofnet debt | |||||||
| I January | Cash tlows | 31 December | |||||
| 2021 | 2021 | ||||||
| Cash | 2,127,631 | 109,951) | 2,017,680 |
| 13. Tangible fixed assets |
||||
|---|---|---|---|---|
| Freehold | Leasehold | tyfnce | Total | |
| property | improvements f |
equipment f |
f | |
| Cost | ||||
| At 1 January 2021 |
75,500 | 168,773 | 43,719 | 287,992 |
| Additions | 2.685 | 2,685 | ||
| As at 31 December 2021 | 75,500 | 168,773 | 46.404 | 290,677 |
| Depreciation | ||||
| At 1 January 2021 | 6.690 | 36,667 | 43,357 | |
| Charge for year | 43,488 | 3,030 | 46,518 | |
| As at 31December 2021 | 50,178 | 39,697 | 89,875 | |
| Net book value | ||||
| At 31 December 2021 | 75,500 | 118,595 | 6,707 | 200,802 |
| At 31 December 2020 | 75,500 | 162,083 | 7,052 | 244,635 |
| lnvestmcnt | |
|---|---|
| Property | |
| Cost | f |
| At 1 January 2021 | |
| Additions | 162,500 |
| At 31 December 2021 | 162,500 |
| Nct book value | |
| At 31 December 2021 | 162,500 |
| At 31December 2020 |
| 15. Investments |
|||||||
|---|---|---|---|---|---|---|---|
| At 1 | Additions | Disposals | Cash | Revaluation | At 31 | ||
| January | Movement | December | |||||
| 2021 | 2021f | ||||||
| COIF Charities Fixed | Interest | 26,785 | (1,749) | 25,036 | |||
| Fund —Income Units | |||||||
| M &G Charifund Income units |
1,849,469 | 247,432 | 2,096,90 I | ||||
| M &.G Charibond Income units |
639,661 | (21,971) | 617,690 | ||||
| COIF Property Income units |
788,358 | 112,250 | 900,608 | ||||
| COIF Global Equity Income | 1,280,072 | 202,617 | 1,482,689 | ||||
| units | |||||||
| COIF Charities Ethical Inv |
1,390,654 | 187,876 | 1,578,530 | ||||
| Fund —Income Units | |||||||
| Property Income Trust For | 113,635 | 17,000 | 16,463 | 147,098 | |||
| Charities Fund |
|||||||
| Epworth AAirmative |
Equity | 779,583 | 7,000 | (32,911) | 132,691 | 886,363 | |
| Fund | |||||||
| Epworth AtTiimative |
Fixed | 14,034 | 11,500 | (933) | 24,601 | ||
| Interest Fund | |||||||
| Epworth AAirmative |
Corporate | 88,348 | 17,000 | (5,007) | 100,341 | ||
| Bond fund | |||||||
| Epworth Global Fund |
92,459 | (11,576) | 16,706 | 97,589 | |||
| Market value held for | Synod | 7,061,078 | 52,500 | (44,843) | 883 366 | 7 957446 | |
| Funds | |||||||
| Epworth Affirmative |
Equity | 31,966 | (3,365) | 28,601 | |||
| Fund - Cash deposits | |||||||
| Total investments | 7,095,024 | 52,500 | (44,843 | 3,365 | 883,366 | 7,986,047 |
| 16. | Debtors | Debtors | |||
|---|---|---|---|---|---|
| 2021f | 2020 | ||||
| Fair | value of | buildings | on the closure ofchurches | 536,722 | 296,348 |
| Prepayments | &accrued | income | 13,504 | 11,113 | |
| 550,226 | 307,461 |
| 17. | Cash and cash equivalents | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Cash | and bank deposits | 2,017,680 | 2,127,631 |
| Notes | 2021f | 2020 | |
|---|---|---|---|
| Accrued charges &income in advance | 36,326 | 28,611 | |
| Grants payable | 57,500 | 46,500 | |
| Other creditors | 1,653 | ||
| 93,826 | 76,764 |
| 20. Reconciliatio |
n | ofmovement | on funds | |||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2021 | Tots I 2020 | |||||
| f. | ||||||||
| At I January 2021 |
634,856 | 9,048,131 | 9,682,987 | 8,953,099 | ||||
| Incoming resources | 24,538 | 2,370,962 | 2,395,500 | 1,515,775 | ||||
| Outgoing resources |
(34,309) | (2,620,772) | (2,655,081) | (582,265) | ||||
| Unrealised gains/(losses) |
on investments | 47,854 | 835,512 | 883,366 | (203,622) | |||
| Realised gains on invesunents | 252 | 4,405 | 4,657 | |||||
| Transfers | 600 | (600) | ||||||
| At 31 December 2021 | 673,791 | 9637,638 | 10,311,429 | 9,682,987 | ||||
| Balance st | Incoming | Outgoing | Transfers | Moventents | Balance at 31 | |||
| Analysis ofiadividusl | funds | I January | Resources | Resources | on | December | ||
| 2021 | lavestments | 2021 | ||||||
| 8 | 8 | |||||||
| Restricted | ||||||||
| Welfare Fund | 13,919 | 2,86$ | (3,750) | 2,529 | 15,566 | |||
| Discretionary Fund |
6,018 | 1480 | (1,460) | 5,838 | ||||
| Holiday Fund |
8,939 | 209 | (1,100) | 691 | 8,739 | |||
| Lay Training Fund |
11,334 | 153 | 120 | 11,607 | ||||
| Outreach Fund |
78,305 | 2,408 | (2,000) | 7,982 | 86,695 | |||
| Retired Ministers klousing |
Fund | 147,945 | 4,811 | (3,468) | 15,558 | 164,846 | ||
| Timson Musion Fund | 48,871 | 8 | (23,000) | 25,879 | ||||
| Northants Everdon Willis |
Fund | 14,791 | 878 | 688 | 16,357 | |||
| Northants Clark Fund |
3,480 | 3,480 | ||||||
| Northants Ministers Spemal Support Fund |
69,814 | 1,819 | 5,414 | 77,047 | ||||
| Moorgreen Mission Fund | 67,640 | 5,000 | 72,640 | |||||
| Former Distnct Funds | 153,700 | 5,173 | 15,124 | 173,997 | ||||
| South East Lmcs Pioneer | Ministry | 10,000 | 10,000 | |||||
| Brsyfield Road Fund | 3,931 | (4,531) | ||||||
| Safeguardmg Fund |
1,000 | 1,000 | ||||||
| Carers' fund |
100 | |||||||
| Total restricted funds |
634,856 | 24si38 | (34~9) | 600 | 48,106 | 673,791 | ||
| Unrestricted | ||||||||
| Synod Capital Fund —Unrestncted | 3,693,105 | 1,129,043 | (1,815,278) | (108,617) | 341,641 | 3,239,894 | ||
| Property S.Assets Fund | - Designated | 244,636 | 162,500 | (46,518) | 2,684 | 363,302 | ||
| Synod Manse Fund —Designated | 4,363,479 | 1,078,006 | (686,970) | 493,737 | 5,248,252 | |||
| Mission Fund —Designated | 81,761 | 1,369 | (26,340) | 75,000 | 4,539 | 136329 | ||
| Buildings Repair Fund | —Designated | 32374 | (37,653) | 30,333 | 24,954 | |||
| Botswana Youth Exchange Fund- | 9,110 | 9,110 | ||||||
| Designatcd | ||||||||
| Church Support Fund - |
Designated | 623,766 | 44 | 8,013 | 615,797 | |||
| Total unrestricted funds |
9,048,131 | 2370,962 | 2,620,772 | 600 | 839,917 | 9,637638 | ||
| Total | 9682987 | 2395500 | 2655,081 | 888023 | 10311,429 |
| 20. Reconciliatio |
n | ofmoveme | nt on funds (c |
omparative) |
-as restated | ||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Llnrestrictedf | Total 2020f | Total 2019 | ||||||
| At I January 2020 | 717,493 | 8,235,606 | 8,953,099 | 8,521,310 | |||||
| Incoming resources | 29,730 | 1,486,045 | 1,515,775 | 583,734 | |||||
| Outgoing resources |
(93,970) | (488295) | (582,265) | (1,013,951) | |||||
| Unrealisod (losses)/gains |
on investments | (18,397) | (185225) | (203,622) | 837,108 | ||||
| Unrealised gains on sale offixed assets |
24,898 | ||||||||
| At 31 December 2020 | 634,856 | 9,048,131 | 9682987 | 8953099 | |||||
| Balance at I | Incoming | Outgoing | Transfers | Movements | Balance at 31 | ||||
| Analysis ofindividual | funds | January | Resources | Resources | oil | December | |||
| 2020 | investmentsf | 2020 | |||||||
| Restricted | |||||||||
| Welfare Fund | 15,205 | 2,929 | (3,250) | (965) | 13,919 | ||||
| Discretionary Fund |
6,572 | 1,356 | (1,910) | 6,018 | |||||
| Holiday Fund |
9,002 | 201 | (264) | 8,939 | |||||
| Lay Training Fund |
11,161 | 223 | (50) | 11,334 | |||||
| Outreach Fund |
80,579 | 2,272 | (1,500) | (3,046) | 78,305 | ||||
| Retired Ministers Housmg |
Fund | 151,807 | 4,592 | (2,512) | (5,942) | 147,945 | |||
| Tmtson Mission Fund | 59,530 | 184 | (10,843) | 48,871 | |||||
| Northants Evcrdon Willis |
Fund | 36,942 | 1,226 | (23,092) | (285) | 14,791 | |||
| Northants Clark Fund |
3,480 | 3,480 | |||||||
| Northants Ministers Special Support |
70,069 | 1,818 | (2,073) | 69,814 | |||||
| Fund | |||||||||
| Moorgreen Mission Fund |
87,640 | (20,000) | 67,640 | ||||||
| Former Disuict Funds | 185,406 | 4.929 | (30,863) | (5,772) | 153,700 | ||||
| South East Lines Pioneer | Ministry | 10,000 | 10,000 | ||||||
| Carer's fund |
100 | ||||||||
| Total restricted funds |
717,493 | 29,730 | (93,970) | (18397) | |||||
| Unrestricted | |||||||||
| Synod Capital Fund —Unrestncted | 3,478,391 | 709,460 | (282,996) | (81,303) | (130,447) | 3,693,105 | |||
| Property &Assets Fund | - Designated | 244,686 | (6,353) | 6,303 | 244,636 | ||||
| Synod Manse Fund - Designated | 3,688,144 | 774,320 | (45,939) | (53,046) | 4,363,479 | ||||
| Missioa Fund - Designated | 97,707 | 1286 | (90,500) | 75,000 | (1,732) | 81,761 | |||
| Buildmgs Repair Fund - Designated | 86,800 | (54,526) | 32374 | ||||||
| Botswana Youth Exchange | Fund- | 9,110 | 9,110 | ||||||
| Designated | |||||||||
| Church Support Fund - |
Designated | 630,768 | 979 | 7981) | 623,766 | ||||
| Total unrestricted funds |
8235,606 | I 486 045 | 488395 | 185225 | 9048.131 | ||||
| Total | 8 r153,099 | 1515,775 | 582,265 | 203,622 | 9,682,987 |
| 21. An |
alysis of net asset | s between the funds |
|||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2021 | Total 2020 | ||
| Restated | |||||
| 8 | |||||
| Tangible fixed assets | 200,802 | 200,802 | 244,635 | ||
| Investment | property | 162,500 | 162,500 | ||
| Investments | 464,792 | 7,521,255 | 7,986,047 | 7,095,024 | |
| Other net assets | 208,999 | 1,753,081 | 1,962,080 | 2,343,328 | |
| 673,791 | 9,637,638 | 10,311,429 | 9,682,987 |
| future minimum lease payments under non-cancellable operat |
ing leases are as follows: |
|
|---|---|---|
| 2021 | 2020 | |
| Not later than one year | 3,162 | 3,]62 |
| Later than one and not later than five years | 3,139 | 6,301 |
| 6,301 | 9,463 |
| 2021f | 2020f | ||||||
|---|---|---|---|---|---|---|---|
| Financial | assets | ||||||
| Debt instruments measured |
at | amortised | cost | 2,217,680 | 2,423,979 | ||
| Measured | at fair value | through | net income Iexpenditure: | ||||
| -Fixed asset listed investments | (note 15) | 7,986,047 | 7,095,024 | ||||
| Financial | liabilities | ||||||
| Measured | at amortised | cost | 605,826 | 91,764 |
| Location | Address | ||||
|---|---|---|---|---|---|
| 45. | Wycliffe | Church | The Common, LE5 6EA | ||
| Bardon Park | Church | Bardon Hill,.LE67 1TD | |||
| 47. | Melton Mowbray | Church | Chapel Street. LE13 1LZ | ||
| 48. | Freeby | Church | Freeby | ||
| 49. | Wigston Magna |
Church | Long Street,.LE182AJ | ||
| 50. | Wigston Magna | Manse | Long Street. LE182AJ | ||
| 51. | Wigston Magna | Land | Newton Lane |
||
| 52. | Loughborough | Church | 39Frederwick Street. LE113BH |
||
| 53. | Loughborough | Manse | 127Valley Road. LE113PY | ||
| 54. | Abbots Road | Church | Abbots Road South, LE5 1DA | ||
| 55. | Abbots Road | Manse | 65 Downing Drive. LE5 6LL |
||
| 56. | Braunstone | Church | Gooding Avenue, LE3 1JN | ||
| 57. | Braunstone | Hall | Gooding Avenue, LE3 1JN | ||
| 58. | Oadby | Church | Rosemead Drive. LE2 5SF | ||
| 59. | Oadby | Manse | 48 Rosemead Drive, LE2 5SF | ||
| 60. | Saffron Lane | Church | Saffron Lane, LE2 6TE | ||
| 61. | Boston | Church | 232 London Road, PE21 7AY | ||
| 62. | Bourne | Church | Eastgate, .PE109JY | ||
| 63. | Gainsborough | Church | Church Street. DN21 2JR | ||
| 64. | Gainsborough | Manse | 28 Birchwood View, DN21 1WA | ||
| 65. | Grantham | Manse | 6 Kenwick Drive. NG31 9DP | ||
| 66. | Grimsby | Church | Weelsby Road. DN32 OPR | ||
| 67. | Grimsby | Manse | 36 Weelsby Road, DN32 OPR | ||
| 68, | Homcastle | Graveyard | Graveyard | ||
| 69. | Lincoln, Trinity | Church | Garmston Street, Lincoln, LN2 1HZ |
||
| 70. | Lincoln, Trinity | Manse | 9Oakleigh Drive, LN1 1DG |
||
| 71. | Ermine | Church | Sudbrooke Drive, LN2 2EF |
||
| 72. | Peterborough | St Andrews | Manse | 51 Huntsmans Gate, PE3 9AU |
|
| 73. | Peterborough, | Westgate | New | Manse | 17Thorpe Lea Road, PE36BX |
| Church | |||||
| 74. | Peterborough, | Westgate | New | House | Westgate, PE1 1RG |
| Church | |||||
| 75. | Peterborough, | Westgate | New | Church | Westgate, PE1 1RG |
| Church | |||||
| 76. | Riverside, Sleaford |
Church | Southgate, NG34 7R | ||
| 77. | Riverside. Sleaford | Manse | 47 Bristol Way, NG34 7AE | ||
| 78. | Spalding | Church | Pinchbeck Road, PE11 1QF | ||
| 79. | Spalding | Hall | Pinchbeck Road, PE11 1QF | ||
| 80. | Stamford | Church | Star Lane, PE9 1PH | ||
| 81. | Stamford | Manse | 165Casterton Road, PE9 2XZ | ||
| 82. | Stamford | Hall | Broad Street. PE9 1PG | ||
| 83. | Stamford | Shops | Broad Street, PE9 1PG | ||
| 84. | Castle Square, | Wisbech | Church | Castle Square, PE13 1HB | |
| 85. | Peterborough | Christ Church | Church | Orton Goldhay, PE2 5JJ |
|
| 86. | Badby, Daventry | Church | Chapel Lane, NN11 3AQ | ||
| 87. | Brigstock | Church | 6 Mill Lane. NN14 3HG | ||
| 88. | Flore | Church | Chapel Lane, NN7 4LQ |
| Location | Address | |||
|---|---|---|---|---|
| 89. | Flore | Hall | Chapel Lane, NN7 4LQ | |
| Flore | House | 12Kings Lane, NN7 4LQ | ||
| 91. | Weedon | Church | Church Street, NN7 4PL | |
| 92. | Weedon | Hall | Church Street, NN7 4PL | |
| 93. | Weedon | Manse | 14 Cavalry Fields, NN7 4TG | |
| 94. | Corby | Church | Elizabeth Street, NN17 1PN | |
| 95. | Daventry | Church | 45 Sheaf Street, NN11 4AA | |
| 96. | Daventry | Manse | 3 Kingsley Avenue, NN11 4AN |
|
| 97. | Daventry | House | Sheaf Street, NN11 4AA | |
| 98. | Daventry | Hall | 45 Sheaf Street, NN11 4AA | |
| 99. | Dean | Church | Upper Dean, PE18 OLY | |
| 100. | Dean | Manse | The Manse, PE18 OLT | |
| 101. | Desborough | Church | Union Street, NN14 2RH | |
| 102. | Desborough | Hall | Union Street, NN!4 2RH | |
| 103. | Great Doddington | Church | Chapel Lane. NN29 7TJ | |
| 104. | Harrold | Church | 120High Street. MK43 7BJ | |
| 105. | Harrold | Hall | 121 High Street, MK43 7BJ | |
| 106. | Harrold | Other | 122High Street, MK43 7BJ | |
| 107. | Olney | Church | High Street, MK46 5DH | |
| 108. | Olney | Manse | 27 Midland Road, MK46 4BL |
|
| 109. | Olney | Factory | Midland Road |
|
| 110. | Yardley Hastings | Manse | Bridge Cottage. NN7 1EL | |
| 111. | Kettering, | London Road | Church | London Road, NN15 7PF |
| 112. | Kettering, | London Road | Manse | 2 Wells Close, NN15 7RG |
| 113. | Geddington | Church | Queen Street, NN14 1AZ | |
| 114. | Kilsby | Church | Chapel Street, CV23 8XE | |
| 115, | Long Buckby | Church | Brington Road, NN6 7RW | |
| 116. | Long Buckby | Manse | 50 Old Forge Drive, NN6 7ET | |
| 117. | Long Buckby | Halls | Brington Road, NN6 7RW | |
| 118. | Crick | Church | Chapel Lane. NN6 7TW | |
| 119. | Abington | Avenue | Church | Abington Avenue, NN I 4QA |
| 120. | Abington | Avenue | Manse | 17Hillside Way. NN3 3AW |
| 121. | Abington | Avenue | Garage | Abington Avenue, NN1 4QA |
| 122. | Castle Hill, Northampton | Church | Castle Hill, NN1 2RT | |
| 123. | Doddridge | Memorial | Church | 109StJames Road, NN5 5DZ |
| 124. | Doddridge | Other | Marlborough Road |
|
| 125. | Duston | Church | Main Road, NN5 6JF | |
| 126. | Duston | Manse | 1 Shale End, NN5 6BL | |
| 127. | The Headlands | Church | Northampton. NN3 2NU |
|
| 128. | Roth well | Church | Fox Street, NN I4 SNA | |
| 129. | Rothwell | Manse | Fox Street. NN14 8NA | |
| 130. | Rothwe1 1 | Fields | ||
| 131. | Roth well | Hall | Fox Street. NN14 8NA | |
| 132. | Creaton | Church | High Street. NN6 8NA | |
| 133. | Wellingborough | Church | High Street, NN8 4HR | |
| 134. | Well ingborough | Hall | 46-50 Palk Road, NN8 1HR | |
| 135. | Well ingborough | Hall | Sale, Hall, NNS 4JT |