2020-12-31-accounts - The Mothers' Union Diocese Of Peterborough

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MOTHERS' UNION DIOCESE OF PETERBOROUGH
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 DECEMBER 2020
1.Basis of Preparation
1.1 Basis ofAccounting
These accounts have been prepared under the historical cost convention with			items recognised					at cost		or
transaction value unless otherwise stated in the relevant notes	to these accounts.
The accounts have been prepared in accordance with the	Statement	of Recommended						Practice:
Accounting and Reporting by Charities in accordance with the Financial Reporting Standard						applicable				in
UK and Republic of Ireland (FRS 102)and with the Charities Act 2011.
1.2 Going Concern
There are no material uncertainties related to events or conditions that cast significant						doubt on			the
charity's ability to continue as a going concern, and the accounts have been		prepared on		a		going		concern
basis.
1.3 Changes to accounting policy
The accounts present a true and fair view and the accounting	policies adopted are outlined					in Note 2.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Maferial prior year errors
No material prior year errors have been identified in the reporting period.
2.Accounting Policies
2.1 Reconciliation with previous generally accepted accounting	praclice.
There are no fund balances to be restated, or previous period	income and expenditure			to		be restated.
2.2 Income
Recognition ofincome
These are included in the Statement of Financial Activities when the charity becomes						entitled to			the
resources; it is more likely than not that the trustees will receive the resources;			and the monetary				value can
be measured with sufficient reliability. There has been no offsetting ofassets		and liabilities,				or income and
expenses.
Grants and donations
Grants and donations are only included when the general income recognition			criteria are	met. In				the case
ofperformance related grants, income must only be recognised	to the extent	that the charity				has		provided
the specified goods or services as entitlement to the grant only occurs when the performance								related
conditions are met.
Legacies
Legacies are included when receipt is probable, that is, when there has		been grant			of probate,				the
executors have established that there are sufficient assets in the estate and any conditions					attached to				the
legacy are either within the control ofthe charity or have been	met.
Tax reclaim on donations and gifts
Gift Aid receivable is included in income when there is a valid	declaration	from the donor. Any						Gift	Aid
amount recovered on a donation is considered to be part of that gift and is		treated as an			addition to				the
same fund as the initial donation unless the donor or the terms	ofthe appeal		have specified otherwise.
Donated goods
Donated goods are measured at fair value, the amount for which the asset		could be exchanged,						unless
impractical to do so. The cost ofany stock ofgoods donated for distribution		to beneficiaries				is deemed				to
be the fair value ofthose gifts atthe time oftheir receipt and they	are recognised		on receipt.		In the		reporting
period In which the stocks are distributed, they are recognised as an expense		at the carrying				amount of			the
stocks at distribution.
Donated services and facilities
Donated services and facilities are included when received at the value ofthe			gift to the	charity				provided
the value can be measured reliably. Those that are consumed immediately are			recognised		as an		expense.
Volunteer help
The value of any voluntary help received is not included in the	accounts but	is described			in the			trustees'
annual report.
Lelting Income
There is no rental income.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and	the amount	received can				be measured
reliably.

YEAR TO 31 DECEMBE	R 2020
			Notes	Unrestricted	Restricted	Total	Prior
					Income	Funds	Year
				Funds	Funds	2020	2019
INCOMING RESOURCES
Income and endowments	from:
Donations and Legacies				34,383	3,576	37,959	47,165
Charitable activities
Other trading activities
Investments
Other Income
Transfers
TOTAL			3	34,386	3,576	37,962	47,173
RESOURCES EXPENDED
Raising funds			6	313		313	2,423
Charitable activities			6	30,336	5,161	35,497	36,493
Management and administration			6	3,123		3,123	2,493
TOTAL				33,772	5,161	38,933	41,409
NET INCOME I(EXCESS				614	(1,585)	(971)	5,764
EXPENDITURE)before investment		gains
Net gains on investments
NET INCOME/(EXCESS EXPENDITURE)				614	(1,585)	(971)	5,764
Extraordinary items				10,000		10,000
Transfers between funds
Revaluation offixed assets
Other gains and (losses)
NET MOVEMENT IN FUNDS				(9,386)	(1,585)	(10,971)	5,764
Reconciliation offunds:
Total funds brought forward				63,445	16,565	80,010	74,246
Total funds carried forward			27	54,059	14,980	69,039	80,010

MOTHERS' UNION DIOCESE OF PETERBOROUGH BALANCE SHEET ASAT 31STDECEMBER2019
			Restricted	Total	Prior	year
		Unrestricted	Income	Funds	2019
		Funds	Funds	2020
	Notes
FIXEDASSETS
Tangible assets	14
Total fixed assets
CURRENT ASSETS
Stock and Debtors	18/19	7,477	10,696	15,173		13,627
Cash at bank and in hand	24	60,669	4,284	64,953		81,840
Total current assets		68,146	14,980	83,126		95,467
CREDITORS:
Amounts falling due within one year	20	( 14,087)		(14,087)	(15,457)
NET CURRENT ASSETS		54,059	14,980	69,039		80,010
Total assets less current liabilities
CREDITORS:
Amounts falling due after more than one	20
year
Pmvisions for liabilities	21
Total net assets		54,059	14,980	69,039		80,010
FUNDS of the Charity
Restricted income funds	27		14,980	14,980		16,565
Unrestricted funds	27	54,059		54,059		63,445
Total funds		54,059	14,980	69,039		80,010
Signed Chair ofthe trustees an behalf af
all the trustees:

			Unrestricted	Restricted	Total	Prior	year
			funds	Income	funds	funds
				funds	2020	2019
			6	f	f
Donations	and Legacies
Donations		and gifts	33,613	3,576	37,189	45,906
Gift aid			770		770		1,259
General	grants
			34,383	3,576	37,959	47,165
Other Trading		activities
Income from		investments
Deposit	account interest received
Transfers
TOTAL INCOMING RESOURCES			34,386	3,576	37,962	47,173

FOR THE YEAR ENDED	31
Note6:Analysis ofexpenditure		Unrestricted	Restricted	Total	Prior
					year
		funds	Income	funds	funds
			funds
Expenditum on raising funds
Fundraising costs		313		313	2,423
Charitable activities
Diocesan subscriptions		10,654		10,654	10,822
Families First Magazine and Literature		2,269		2,269	1,185
Funds sent to Mothers'	Union	10.000		10,000	9,104
Literature department	expenses	1,994		1,994	2,289
Travel and Overseas visits		286		286	1,871
Away from it all holidays			3,473	3,473	3,349
Frances Project			1,688	1,688	1,787
Action and Outreach		2,260		2,260	1,547
Quiet Day and Retreat	Expenses	1,842		1,842	160
Training and Conference expenses		375		375	332
Speakers expenses		251		251	1,075
Branch and Deanery meetings		405		405	2,972
		30,336	5,161	35,497	36,493
Charity management and	administration
Insurance and Hire of	Rooms			1.111	853
Olfice costs, printing and stationery		662		662	290
Professional fees		1,350		1,350	1,350
		3,123		3,123	2,493
Transfers
TOTAL RESOURCES USED		33,712	5,161	38,933	41,409

NOTES TO THE ACCOUNTS									6.2
FOR THE YEAR ENDED 31s DECEMBER 2020
					General	Governance		Total
Note 9:Support and Governance Costs					Support	function
Independent Examiners Fee							950	950
General office					1,630		543	2,173
Note 10:Details of certain items of	expenditure
Independent examiner's fees f950	(2019:f950)
Note 11:Paid employees
11.1 Staff costs - There were no employees			in	the				2020	2019
year
Employees earning 610-660,000								nil	nil
Employees earning over 660,000								nil	nil
11.2Average head count in the year
Trustees are detailed on the charity	information			sheet				15	15
11.3Ex-gratia payments to employees		and others
(excluding trustees)
There were no ex-gratia payments	in	the year
11.4 Redundancy payments
There were no redundancy payments		in the year
Note 12:Defined contribution pension		scheme
Contributions in the year foil (2020:foil)
Note 13:Grant making					Grants to	Grants	to	Total
					Mothers'	individuals
					Union
							f	E
Funds sent to Mothers' Union: 610kfrom collections					20,000			20,000
and 610k direct from Diocesan Funds
Note 14:Tangible fixed assets						TOTAL	Non-	Depreciating
							Depreciating
There are no fixed assets
There are no contractual commitments		at the	year
end

Deposit Accounts only Note 18:Stocks MUE card and stationery stock held at the year end f744 (2019:f707)	Deposit Accounts only Note 18:Stocks MUE card and stationery stock held at the year end f744 (2019:f707)	Deposit Accounts only Note 18:Stocks MUE card and stationery stock held at the year end f744 (2019:f707)
Note: 19Debtors and Prepayments			2020	2019
19.1 Analysis ofdebtors
Debtors			5,155	1,300
Prepayments			1,578	1,514
			6,733	2,814
19.2Amounts recoverable	in more than one year		nil	nil
Note 20:Creditors and accruals			2020	2019
20.1 Analysis ofcreditors
Accruals for grants payable			12,486	11.997
Subscnptions			651	2,366
Accruals and deferred income			950	1,094
			14,087	15,457
Amounts falling due within	one	year	nil	nil
20.2 Deferred income
There was no deferred income
Note 21;Provisions for liabilities		and charges

MOTHERS' UNION DIOCESE OF PETERBOROUGH	6	.4
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31sr DECEMBER 2020	2020	2019
Note 24:Cash at bank and in hand
Santander	41,943	55,028
Nationwide Building Society	6,141	13,574
Lloyds Bank	7,202	2,953
Branch current accounts	7,671	7,961
Deanery current accounts	573	701
Cash in hand	1,423	1,623
	64,953	81,840

Note	25:Fair value of	assets and liabilities
The	charity's exposure	to credit risk is low
Note	26:Events after	the end ofthe reporting	period

Analysis of	net assets by fund	Unrestricted	Restricted	Total
		Funds	Funds	2020
Current	Assets	68,146	14,980	83,126
Current	Liabilities	( 14,087)		( 14,087)
		E54,059	614,980	E 69,039