## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|DECEMBER 2020||||| |---|---|---|---|---|---|---| |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|